Historical Newspapers of South Carolina

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PAGE TWO THE NEWBERRY SUN 1218 College Street NEWBERRY, S. C. PUBLISHED EVERY THURSDAY O. F. Armfield, Jr., Owner Entered as second-class matter December 6, 1937 at the Postoffice at Newberry, South Carolina, under the Act of Congress of March 3, 1879. SUBSCRIPTION RATES: $2.00 per year in ad vance; six months, $1.25. COMMENTS ON MEN AND THINGS By SPECTATOR This in no time to rock the boat. If we ever needed quiet, peaace and confidence it is now. The recent break in the stock market was not an affair of wild-cat stock juggling, as some seem to think; it was some sort of scare that shook the confidence of men in the future. / You have observed that when the future seems roseate; when the sun shines in our hearts and minds men are dis posed to take chances-all investments are chances. If a man sells his farm and opens a filling station he takes a chance. Many fail, don’t you know that? Our Nation needs billions of dollars of new money for new enterprises; South Carolina right now needs severa! billion dollars in industries so that more of our people may have wages, steady incomes. That means better living. So we should encourage every industry, every investment, « for the general good. Fortunately we have many sound men in public life; we owe them our support, for it is easier sometimes to act like a demagogue than to act like a statesman. Let us encourage investments. Let me continue that account of our economic blessings that I began last week; let us take another peep into the future: “Two mineral substances with an assured future are glass and titanium. The market for glass fibre alone in creased 6,150percent from 1939 to 1956—from $4 'million to an estimated $250 million. In 1957 it is expected to jump to about $300 mllion—a gain of 20 percent in a single year 1 No estimates have been made of the use of silicates in 1957, but it certainly will be immense. The mineral titanium, it is believed, will be a very im portant factor in the metal industries by 1957. It is not only plentiful but is now being extracted at a commerc ially practical cost. Because of its extreme lightness anc toughness, it is expected to find a rapidly growing use in transportation and construction. Its. expanding production in the next two or three decades could possibly be as rapid as was that of aluminum after 1920. In the opinion of industrial scientists, there is no fore seeable limit to the number of new marketable products which chemists and metallurgists will be able to develop in the next few years. Some of them will undoubtedly produce revolutionary changes in industry^. If we are to double our production by 1975, we shall have to increase our supply of energy enormously. The consumption of power in the United States is phen omenal as it is. With only 7 percent of the world’s populat ion, we consume a huge 45 percent of the world’s total energy, and it is skyrocketing. In 1956 each American used up 1,000 times as much power as he did in the horse-and-foot -power days of 1775. And now in only another twenty to twenty-five years, we will probably consume 2,000 times as much! About a fourth of our total power in 1950 was used for the transportation of people and things. Another fourth was used for heat and light to operate household appliances. A fifth turned the machines of manufacture. And the re mainder went into mining, pumping and conservation processes. The power used by America in 1950 was equivalent to the energy that exists in 1,300,000,000 tons of bituminous coal. By 1975, estimates show, we will require the equivalent of 2,600,000,000 tons. Residential and commercial use will raise 97 percent. Transportation will use up an additional 88 percent. Industry will need twice as much as now. Electric power, which has been doubling every ten years since 1920, will rise from a 1950 base of 389 billion KWH to 1400 billion KWH in 1975—an increase of 260 percent. Today electric power is produced by water power and thermal power in these proportions: 26 percent by water, 11 percent by oil, 14 percent by natural gas, and 49 percent by coal. WTien 1975 rolls around, the pattern for 1400 bill ion KWH will approximate: Hydro—Power 275 Billion KWH 20 percent Oil 175 Billion KWH 12 percent Coal 825 Billion KWH 59 percent Gas 125 Billion KWH 9 percent Multiplying our present volume of electric power 100 per cent in the next eighteen years will be a titantic under taking. As we have said, the population of the United States by 1975 will have reached 193,000,000 to 200,000,00o people supported by a work force variously estimated at between 82,000,000 and 96,000-000. All of which means that each year between now and 1975 we will add equivalent of another City of Detroit to our American economy. These 40 million to 50'million additional mouths will re quire our farmers to grow 42 percent more food. In addit ion, industry will consume at least 25 percent more non food products. The two will need an overall increase of 40- 'NEVER TOO OLD TO YEARN' percent in farm production. In order to obtain this increase with today’s average yields, it would be necessary to open to tillage another 120 million acres. But it is estimated that there are only about 40 million more acres which can be made available profit ably. So the main burden of increased farm production will fall on better techniques and the use of more farm mach inery and more fertilizer. The effect of the increased demand for agricultural pro ducts will be felt by many industries. The canning, freezing and processing industry will expand its operations rapidly. This in turn will cause the container manufacturers and makers of metal foil and sealing papers to enlarge their sales. It will give truckers and railroads hundreds of mill ions more tons to haul, and step up the sales of the big food chains. And, of course, it will produce directly a sharp in crease in the manufacture of farm machinery and of chemical fertilizer. If we are to make twice as many things by* 1975, there must, of course, be a rapid and extensive enlargement of the various means of transportation. We must haul 60 percent more raw material from the mines, the woods and the farms to smelters, chemical plants, mills and factories. And we must haul it away again to con verters and to consumers. The total tonnage to be trans ported from one place to another will be from 60 percent to 100 percent greater than it is today. Railroads, as now, will carry an important part of this immense tonnage. Cargo planes will multiply rapidly in number and will haul an increasing volume of freight. Steamships will leave our shores in growing numbers, bulg ing with finished products, and bring back from every corner of the globe larger and larger quantities of raw mat erials and the work of foreign craftsmen. Trucks like purposeful ants will roll along every high way and city street carrying a staggering volume of raw materials to mills and factories, and of finished products to shops and homes throughout America. An additional 25 million automobiles will be carrying workers to business and housewives to shop. We had 32 million cars and trucks in 1940. Sixteen years later we had stepped this upl03 per cent to 65 million. Is it unreasonable to assume that in the next eighteen years we will step this figure up at least 80 percent, to 100 million? Quite naturally, we cannot have a 100 percent increase in our Gross National Product by 1975, and an increase of 50 million in our population, without both having a dynamic; effect on the construction industry. New plants of all kinds will spring up all over the country. Millions of acres of land will be cleared. Dams will be built. Steam and hydro-electric plants erected. New smelters, mills and factories will come alive. New roads will be built, old roads made over. And there will be need for new shops, new office buildings, ne\v schools and new homes in every- expanding number. Let us take a look a" h me building, for instance. There are 48 million a elling units in the United States today. One half of th -.a , or 24 million, are thirty or more years old. They were 1 a efore garages were needed, before modern kitchens we t eugned, before modern laundries and modern heating s;, .;^ms. They were built cheaply, too, for families who haa \ e y much smaller incomes than to day. By 1975, 67 per j. t or 32 million of our present dwell ings will be forty ye a old and ready for replacement. Population is exp ur : ng at the rate of 2,700,000 a year. Armed with larger : nes, families are growing in size and requiring bigger quarters. The birth rate which hit 4,000,000 in 1953 iy • eady straining our school facilities. By 1975 it may be w -1 above 5,000,000.” Has any group go. to Columbia or Washington to speak for the tax-payers? Mo! No!!!! If son and daughter could buy as they might think desirable how would Dad pay 1. Yucca Flat valley la located In (a) Utah; (b) Colorado; (o) Nevada. 2. The word ibidem means (a) repetitions; (b) in the same place; (c) unknown. 3. If you suffer from rubeola, yon have (a) indigestion; (b) a headache; (c) the measles. ANSWERS *sai«vaii *S **»«ld ftiaws ’Z *vp«A»N ’I ALTHOUGH new homes seem Ma to be sprouting like mush rooms in the suburbs of prac tically every American city, the president of the National Associa tion of Home Builders recently has told the Senate Banking & Currency Committee that the “mortgage money drought” is keeping many prospective new home owners from having a place of their own. Urging the committee to ap prove j: $4,500,000,000 increase in the secondary mortgage-buying funds of the Federal National Mortgage Association, Geo. S. Goodyear said: “People who want homes and ordinarily would be able to purchase them are being squeezed out of the market be cause of the shortage of mort gage money.” million dollars immediately for a “special assistance fund,” plus an additional 2,000,000,000 as needed. Such funds could be used to provide mortgage credit in geographic areas and in price ranges where not now available, under rules prescribed by the agency, Goodyear suggested, add ing that the presence in the mort gage market of a sufficient fund of this nature “will have a tre mendous stabilizing effect . . . and serve notice that the price for FHA and VA loans will not continue indefinitely to sink,” Goodyear also recommended removal of the limitation which prevents FNMA from purchasing any mortgage over $15,000 in prin cipal amount. He said this limita tion has an unequal effect in vari ous parts of the country. The bill being considered by the committee would direct the Sec retary of the Treasury to pur chase an additional $100-million of FNMA preferred stock. Under law, FNMA could sell its deben tures for 10 times its capital and surplus and thus raise $1,000,000,- 000 in the private securities mar ket to be used to buy FHA and VA loans in the so-called “secondary market.” The spokesman for 40,000 mem bers of the NAHB termed the bill “inadequate” saying that “more drastic treatment” is needed in this “grave credit emer gency.” The homebuilder’s spokesman said the NAHB believes the down ward trend in building of new homes can be reversed only if FNMA is provided with sufficient funds to permit it “to buy freely (mortgages) over as long a peri od as may be necessary to ride out the storm.” He suggested 250 The Charlotte, N. C. f builder said that as a result of the “tight- money” policies of the past year, GI loans have become practical ly non-existent and FHA insured loans only slightly more avail able. • • • Senator Thurston B. Morton, Kentucky, has announced that he is co-sponsor of a bill which will make it an unfair labor prac tice to refuse employment to an individual over forty-five years of age simply because of age, where the requirements of the position do not require such a distinction. The bill, called “The National Act Against Age Dis crimination in Employment," would provide for a first approach through conciliation and persua sion and only after that has failed would it authorize enforcement. Before the enforcement stage would be reached, a hearing or notice would be required. CHICKS FOR BELGIUM . . . Girls bid goodbye to 1,100 champion Honegger breed stock chicks from Forrest, HI., as they fly to Belgium to improve egg-producing flocks there. CROSSWORD PUZZLE PUZZLE No. 4S« ACROSS Pouch. Rare Inclination Guido's high note Guides Cry of the Bacchanals River of Africa i Fur neck pieces i Location Hearing organs I Supporting framework i Covered with ice particles I German river I French arUcde > Fine line of a letter l Eats away i Turkish title i Abdicate 3 Decorate L Liquefy by heat 3 Scorches 5 Therefore (L.) 3 Go in 8 Scrimp 0 Swiss River 1 Retail shops 3 Church steeple r.— .. 58 Boxed 60 One who wears striped on his sleeve (pL) M Mathematical term 65 Desert nomad 66 Fasten securely 68 At no time 71 Become wearisome 72 Enlarge 74 Period of time 75 Pintail duck 76 Slanted 77 Part of mouth . DOWN 1 Dry 2 Wing 3 Carved gem 4 Wore with 5 3.1416 ostenation 6 Ecclesiasti cal vestment 7 Part of plant 8 Look at fixedly 9 Chariot of ancient Briton 10 Stood oyer to defend , 11 Wicked 12 Observe 13 Golf mounds 24 A serious fluid (pi.) 28 Blazes 26 One ruling In place of — sovereign 27 Coin (pi.) 31 Authoritative decrees 33 David Co^perfleld’s 94 Athena as patroness of the arts 95 Breathed loudly asleep 37 Singing voice 39 Journeys 42 Dreadful T^nra Tispia ajyaa ■■■□ aaaa 3309 aan □□an u aZKJQ □□□□ tiaaa 44 Cuts quickly 47 Harvest 49 Schooled 52 Pays out 54 Sea eagle 57 Track 59 Make merry 60 Weakens 61 British street car 62 Death rattle 63 Fodder stor age pit 67 Once around track 69 Silkworm (var.) 70 Knock 73 Symbol for tellurium S E E L P A IN E E aI tI s 111 [l ITT T p A u L E| Tjo E L 0 E ■R 6 A T op A R R E A R S L TTa N A G A J A T AM E 0 E N 0 C S N A R E S ( T Answer te Fesmle No- 435 $500 a month on a $200 salary? Many Dads are wondering about that. Perhaps our Legislature and Congress might think along that line, too. We can’t spend and spend, regardless of the taxpayers. THURSDAY, FEBRUARY 28, 1957 Q—Please tell me- what salary the Vice President gets, and whether he is furnished a home by the Federal Government? A—The salary of the Vice-president Is $30,000 on which he must pay income tax. He is allowed $10,000 annually for expenses. The government does not furnish a home for the vice-president. Vice President Nixon recently bought a 21-room house in Washington for which he purportedly paid $75,000, and which Mr. Nixon said “will enable me to meet some of the smaller social commit ments.” Rep. Stuyvesant, New York, has a bill in the House which would provide the Government furnish the vice-president an official residence, and President Eisenhower also urged that one be provided in his budget message. However this would not effect the incumbent vice-president. Q—Is there any way te measure cost of the last political campaign? A—If you mean for national officers, no. The law limits the national & committees «of each political party to $3 million. However the expenses of various other committees set up for the purpose of aiding the various candidates at the national level, including congressional candidates spent an estimated $10,000,000< at the national level There is at present no limit to the number of committees which may be organized and can spend $3 million each in addition to the two regular national committees. Q—What Is the relationship of the State Department to the United Nations? A—The United Nations is a public internaUonai organization In which the United States participates through the State Department. The official head of the State Department delegation is Ambassador Henry Cabot Lodge, of Massachusetts. ideas from other From the Webster Times, Web ster, Massachusetts; A business firm must account to its share holders for the way the firm’s money is spent When a question is raised, a full and honest ex planation of the conduct of the business is forthcoming—unless something unwise or illegal has transpired. As a rule, those responsible for running a business are eager and proud to tell of their accom plishments. When they withhold information, the stockholders de mand an investigation. A town is big business. The same above-board, honest expla nation of town affairs should be given to the citizens, and usually that is what happens. However, it isn’t always practical to go into details of every routine occur rence, and that isn't expected. Nonetheless, transactions often come to* light which arouse the interests of the voters. Sometimes the citizens fail to ask questions, and officials rarely offer volun tary explanations because few seem interested enough to ask. Occasionally, things transpire which are purposely unexplained by officials though citizens may speculate as to the advisability, or even the legality, of such trans actions. In such cases, they de pend upon their newspapers to ask the questions and to acquaint the public with the facts, in the best interests of the town. When a question is raised, there should be an honest answer given. Any official or department should be willing to give a full and open explanation without quibbling. In deed, they should be eager to do so, if their actions are, honest and above suspicion. Only by thi« means can the citizenry know that they have chosen the right officials for the job. Voters will decide ... on much town business which they want conducted . . . they will have every right to know how this bust- ness is transacted. Therefore, in many instances, questions should be raised in order to give tike shareholders ... the voters and taxpayers ... a fair and honest picture of how their official* are working for them. Let us raise these questions as often as seems necessary. Full and honest answers should be forthcoming. TOP MILER . . . Ron Delaney 21, of Villanova, 1,500 meter Olympic gold medalist, strength ened his hold on indoor mile title by beating Fred Dwyer in Bax ter mile (4:06.8) and Hungarian Laszlo Tabor! in Wanamaker mile (4:06.7). This an' That Three Americans will bo en tered in the Grand Prix at Ha van daring March. All three regular ly drive for Italian auto racing factory teams. They are Harr; Shell, Hasten Gregory and Phi) HilL Each will drive a privately owned and entered car, as win world champion Jean Manuel Fangio of Argentina, who wfll also be In the race . . . Perhaps a prospect for somebody’s bas ketball team, the world’s tallest man is reportedly “growing up” In New Delhi, India. Manra Kaln enjoyed normal growth until he was 16, then he started shooting skyward. He is now 7 feet, 6 inches and his doctor claims he may grow as tall as 10 feet. But he has never seen a basketball ... Southeastern Conference Com missioner Bernie Moore has hinted that next season may see a tight- „ tuning of the rales regarding the practice of member schools play ing their “home” games away from their campuses and at near metropolitan centers where the “gate” is always more profitable. Georgia, Mississippi, Mississippi State, Auburn and Alabama switched home games from camp- us to other sites daring the 1956 basketball season.