The sun. [volume] (Newberry, S.C.) 1937-1972, April 28, 1961, Image 2
PAGE TWO
THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA
THURSDRY, APRIL 28, 1961 MM
Utt
1218 Coii«g« Street
NEWBERRY. S. C.
PUBLISHED EVERY THURSDAY
O. F. Annfield, Jr., OwDer
Second-Class postage paid at Newberry, South
"Carolina. ' *
SUBSCRIPTION RATES: $2.00 per year in ad
vance; six months, $1.25.
COMMENTS ON MEN AND THINGS
By SPECTATOR
Why do we have corporations?
Perhaps I should apologize for of
fering some elementary sugges
tions. As a matter of fact, as we
eay, we could not operate on a
large scale if we did not have cor
porations. So what are corpora
tions ?
When a group of men and wom
en wish to organize a Company for
a big transaction or operation they
may be willing to invest in it but
they would like to know exactly
whether their other property
might be lost because of losses of
the corporation.
If we did not form a corporation
we should have to combine our
interests as a partneship.
As you know, if the business of
a partnership fails not only is
every partner liable, but if only
one partner has the necessary cap
ital he will have to pay the entire,
debt. What do you think of that?
Just think for a moment: twen
ty five men plan a big farming en
terprise, with cotton gin, grits
mill, fertilizer plant added to their
acres of cotton, corn, tobacco,
wheat etc.
Let us suppose that twenty three
of those men have nothing but a
salary each—not a hundred dollars
in the world. But two are “com
fortably fixed”, as we say, each
of the two being worth about a
hundred tousand dollars. I: the
business fails completely, goes to
smash, those two men will be call
ed, on for the debts due by the
partnersip. So you see why it is
usually safer to avoid a partner
ship.
If a group of twenty five men
and women wish to associate them
selves their best plan is by incor
porating; they apply to the Secre
tary of State for a charter; and
so they form a Corporation.
If the Corporation goes on the
rocks no one suffers the loss of
his home and other interests.
Suppose I were a stockholder in
the little corporation I was dis
cussing last week. I could buy a
share of stock for about $75. If
the plant were tee-totally destroy
ed, without insurance, I would not
be called on; that $75 would be
my limit; so my little ■‘‘arm and
car and home would not be sacri
ficed.
I am deeply interested in the
business of our South Carolina
people. We can develop only by
investing money; the usual way
to invest would be by forming a
corporation.
Let me illustrate by two great
corporations which are guided and
managed by leaders of extraordin
ary ability and resourcefulness—
The Joanna Cotton mills and The
South Carolina Electric and Gas
Co.
The great mills at Joanna were
financed by Mr. William H. Reg-
nery of Chicago. Do you think Mr.
Regnery would have been president
if he had invested millions of dol
lars in a partnership a thousand
mdes from home? Would he as a
man of superlative wisdom have
felt like becoming a partner when
he had great intereste a thousand
miles away ?
The great utility so brilliantly
directed by a South Carolina
Clemson man represents an invest
ment of at least three hundred
million dollars. It could not be a
partnership unless John D. Rocke-
SENATOR
STROM
RMOND
A Legacy of Future Generations
OF ALL THE THINGS which
motivate Americans, none is
stronger or more influential on
<rar decisions than the welfare of
our children and grandchildren.
We want them to have the best in
everything, thus many sacrifices
are made in their behalf.
IN VIEW OF THIS attitude, it
Ib almost impossible to under
stand why
Americans will
permit a bond
of public debt
to be hung
around the
necks of future
generations in
order to pro
vide pubic
services for
themselves
now. This, however, is exactly
what we are doing. The total
public debt now stands at ap
proximately $358 billion, or more
than $10,000 for every family in
the U. S. The major portion of
this public debt is that of the Na
tional Government, which, as of
April 13, stood at $288,693,289,-
480.51, or about $8,745 per family
unit and about $1,598 p r man,
woman and child in the U. S.
IT IS INTERESTING to see
who loaned the National Govern-
ment this $288 billion. The break
down is as follows: commercial
hanks, $55.6 billion; Federal Re
nerve banks, $26.5 billion; indi-
viduals, $70 billion; insurance
caoipanies, $11.8 billion; mutual
nsvings banks, $6.6 billion; other
nsrporations, $20.9 billion; State
local governments, $17.7 bil
lion; U.S. Government investment
accounts, $55.3 billion; and miscel
laneous investors, $22 billion. The
halance is in unpaid obligations.
IN THE FINAL ANALYSIS,
the national debt is owed to the
American people. Even if you
do not personally own any savings
bonds, the National Government
has probably boiTowed some of
your money. A portion of your
savings account, your bank de
posits, the taxes paid to your
town, county or State, your in
surance premium, and the price
you paid for a share of stock has
in all probability been loaned to
the National Government. The
$55.3 billion owed to “U.S. Gov
ernment investment accounts” in
cludes a major portion of the
contributions paid in by various
participants in government re
tirement programs. The savings
and security of the American
people are on loan to the National
Government; inability or failure
to pay would result in disaster to
every American family.
DURING A SHOOTING WAR
or serious depression, we are, of
course, unable to “pay as we go.”
No such excuse is available in
relatively prosperous years of
“peace.” A large portion of the
national debt was incurred dur
ing World War II, but we have
made no headway toward reduc
ing it since then. During the last
decade, personal income in the
United States jumped approxi
mately 83% while our popula
tion rose less than 20%. Despite
the increased personal income per
capita, however, we have not re
duced the national debt at all. On
the contrary, we have increased
it by about 14%.
MANY TRY TO excuse our
failure to at least “pay as we go,”
on the grounds that although we
are not engaged in a shooting
war, we must spend whatever is
necessary to maintain our defense
forces in these tense times. In
deed we must keep strong at all
costs, but we can’t blame the in
creased debt on defense. Between
1954 and 1960, annual major na
tional defense expenditures de
clined $1.3 billion, while total ex
penditures of the National Gov
ernment increased $19.4 billion.
DO WE AMERICANS, as Mark
Twain charged, have two sets of
morals, one for private lives and
conduct and another for public
conduct ? Individually, we wouldn’t
sell our child or grandchild into
bondage for a few years of his
life to pay for our daily wants.
Indeed, the thought Is revolting
to us. Is it less of a moral out
rage when we do it collectively
through the agency of govern
ment ?
Sincerely,
(Xol printed at government expense)
feller, Henry Ford and J Pierpont
Morgan were the partnei’s, with
one of the fabulous Hunts thrown
in for good measure.
So you see that the cheap poli
tician who attacks the corpora
tions may be merely breathing ma
licious or venomous clap-trap.
I like to read the reports of the
Corporations. I’m a very insigni
ficant figure, but even a hound
: may bay at the moon, eh? You’ve
heard that, I know.
I read with special interest the
recent report of Mr. S. C. McMeek-
in to the stockholders of his great
company.
I read the reports of the Chase
Bank and the Hanover Bank of
New York, as well as the First
National Bank of Boston—and
there’s a reason. The Boston Bank
reads my Spectator; the great
Chase Bank has a South Carolin
ian on its Board of Directors; the
j big Hanover Bank has a South
I Carolina son as a Vice President.
The big utility I mentioned is
, our largest South Carolina Cor
poration and it is managed by a
son of the rolling plains and rocky
heights of Fairfield.
James F. Byrnes, James C. Self,
S. C. McMeekin—just mentioning
at random what South Carolina can
boast of.
Reading the informative report
of our big utility I called several
paragraphs as being notable. Here
they are:
“The average rate of 2.16c per
kilowatt-hour was 13% below the
national average of 2.47c.”
“Federal taxes amount to $8,-
380,000 in 1960 and state and local
taxes aggregated $5,178,000, re
flecting increases of $568,900 and
$390,400, respectively, over 1959.
Federal taxes accounted for 62%
of the total tax bill of $13,558,000.”
“Taxes were the largest single
[operating expense item for 1960,i
taking over 23c out of each revenue
dollar. As a corporation, taxes of
TVA amounted to about 2.75c per
revenue dollar in 1959, and taxes
of all of the REA cooperatives in
the United States amounted to
only 2.85c per revenue dollar.”
Total taxes of the company
amounted to over $57 per custom
er, while taxes of all of the REA
cooperatives amounted to only
$3.54 per customer in 1959.”
“Construction expenditures for
1961 are estimated at $24,000,000,
of which $20,300,000 is assigned to
electric property and $3,700,000 to
gas and other property. Included
in the electric department budget
is $9,300,000 for construction re
quirements in connection with the
initial unit of the new steam-elec
tric station at Canadys. This esti
mate also provides for the purch
ase of two new package type gene
rating units powered by natural
gas turbines. These units, the
first in America, with a capability
of approximately 1,000 KW each,
will provide system peaking and
emergency service and will be lo
cated near Beaufort and Charles
ton, S. C.”
“Construction expendiutres of
$73,000,000 have been forecast for
the three years through 1963, of
which $13,400,000 relates to the ad
dition of a second 137,500 KW ca
pability unit at the Canadys steam
station contemplated for comple
tion in 1964. Provision is also in
cluded for the purchase of two ad
ditional gas turbine package units
in 1963.”
Mr. McMeekin tells of some new
industries in our State:
“During 1960, approximately
$210 million was committed for
the construction of new industrial
plants and the expansion of exist
ing industry in South Carolina, as
compared with $207 million in
1959, or a grand total of $417 mil
lion for the two years. New jojbs
were created for over 25,000 em
ployees during the two year per
iod.
New industry is being aggress
ively promoted in the service area
o fthe company through coopera
tion with the State Development
Board, local Chambers of Com
merce and other community indus
trial committees. Among the new
plants placed in operation in 1960
was the $40 million plant of Ow-
ens-Corning Fiberglas Corporation
near Aiken, S. C., the $1.5 million
plant of Horsman Dolls near
Cayce, S. C., the $1.5 million
Shuron Optical Company plant
at Barnwell, S. C., the $1.5 mil
lion plant of Allendale Wool
Scouring Company at Allendale, S.
C., and the $3/4 million chemical
processing plant of Stein Hall
Southern, Inc., at Charleston, S.
C. Several shopping centers have
recently been completed near Co
lumbia, and numerous plants have
completed additional facilities or
are planning expansions. The $39
million plant of the National Ani
line Division of Allied Chemical
Corporation, located at Irmo, S. C.,
is the largest of the new plants
now under construction. Also un
der construction are the $2.8 mil
lion projector plant of 9rgus Cam
era Company in Lexington County,
the M.O million plant of McCreary
Tire and Rubber Company at
Lexington, S. C., and the $3/4
million wearing apparel plant of
Youngwear, Inc., at Smoaks, S.
C.”
Every new or expanded industry
means jobs for our people. And the
more payrolls we have the higher
our level of general economic wel
fare will «be.
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THE NEWBERRY HIGH SCHOOL SENIOR BAND will present its an
nual Spring Concert Thursday, May 4th, in the Newberry High School
auditorium. Also participating will be the Intermediate Band from the
-
high school and the Junior Band from Junior High school.
Paris is band director.
FARMS & FOLKS
By L. C. HAMILTON
Clemson College Extension Infor
mation Specialist
Pushing the bread plate back
may sharpen up your mid-section
profile.
But it can also remove from
your reach some of the essential
B-complex vitamins necessary for
your health.
This is not a commercial for
bread. But it’s a fact that cereal
grain products supply a big part
of the nation’s supply of B vita
mins. It has not always been the
case.
Dr. E. J. Lease, nutritionist at
Clemson’s Food Technology and
Human Nutrition laboratory, re
minded me that the vitamin defi
ciency diseases of pellagra, beri
beri, and arboflavinosis were wide
spread in South Carolina and other
parts of the country 20 years ago.
In what has been described as a
quiet miracle, these diseases have
been all but banished.
Following promptings of the
South Carolina State Nutrition
Committee, the South Carolina
legislature took the lead in 1942
and passed a food enrichment act.
It became the first state in the
I rejoice as much as the Govern
or does over the development of
our resources and the economic
well-being of our people; and I
share his zeal for the promotion
of our economy.
We recall with appreciation the
words of the Master “Is not the
life more than meat and the body
than raiment?” Of course the
spiritual values far surpass mere
meat and raiment, but the Master
did not encourage slothfulness, as
we recall the account in Luke.
A beautiful old hymn comes to
mind:
“The unwearied sun from day to
day
Does his creator’s power display
And publishes in every land
The works of an Almighty
Hand.”
And the words of the Master:
“My father worketh hitherto
and I work.”
United States to require the en
richment of rice, grits, com meal,
flour and bread.
Clemson College embarked on an
enrichment program that soon put
the B-vitamins back in the grain.
Here’s what it means to you.
The enrichment of grain prod
ucts contributes 30 percent of
your daily supply of thiamine, 15
percent of niacin, and 11 percent
of riboflavin—all B-vitamins. They
also supply 14 percent of the av
erage daily supply of iron.
Of course, those figures are
average. Your particular consump
tion would depend on how much of
the enriched products you ate.
The Food and Drug Administra-
tio f of the Department of Health,
Education, and Welfare, has set
up food label requirements for all [
products entering interstate com- j
merce. A label you’d see on a
bag of flour goes like this: “Eight
ounces of enriched flour supply
not less than the following pro
portions of the minimum daily re
quirements of: thiamine, 100 per
cent; riboflavin, 50 percent; nia
cin; 80 percent; and iron, 65 per
cent.”
A typical bread label would
show that 1-2 pound of bread
would supply 55 percent of your
daily need for thiamine; 30 per
cent of riboflavin; niacin, 50 per
cent; .nd iron, 40 percent.
That’s why—unless there ire
other over-riding considerations—
eating some of the enriched cer
eal products may be both econom
ically and nutritionally wise.
Clemson has supplied enrichment
formulas and information on mix
ing techniques to countries around
the world. Yet, there is a constant
demand for testing and revising
the techniques used by food proces
sors at home.
“We’re particularly concerned
with the enrichment of staple
foods that will have far reaching
effects—particularly those with
lower incomes who might not oth
erwise have sufficient B-vitamins
for good health,” Dr. Lease said.
While South Carolina law leaves
no loopholes with respeev to the
sale of unenriched cereal products
—there is one noteworthy excep
tion. Rice shipped into South Caro
lina for the school lunch program
is at present not enriched.
Clemson nutritionists do not
recommend eating only cereal
grain foods, but rather, eating a
wide variety. They do point out
that omitting the cereal grains en
tirely could create a serious deficit
in the diet.
Prosperity No. 7
D. W. Satterfield to G. L.
Hughey, one lot, $5.00 and other
valuable considerations.
C. S. Holland to James P. Black
Jr., one lot and one building, $5.00
and other valuable considerations.
O. JF. Armfield Sr., to R. M.
Ruff and Vivian M. Ruff, one lot
$5.00 and asumption of mortgage.
Virgil L. Holland to C. S. Hol
land, one lot and one building*
$5.00 and assumption of mortgage*
Mrs. Marie Dominiclr has moved
to 2128 Adelaide St. to make her
home.
Mr. and Mrs. Frederick BobJ>
are now residing at 1809 Poplar
St. . ' 'V
WASHINGTON AND
? ? r & j* a § § r
SMALL BUSINESS”
Quite a few years ago the
economist Stuart Chase wrote
“The problem of communism
is production; the problem of
capitalism is distribution/’
♦ * *
And in the ensuing years it
is becoming quite apparent that
the cost of distribution can be
every bit as
stultifying to
an economy
as high costs
of production.
* * *
There
seems no
question that
the science of
production
has for out
stripped the c. W. Harder
advances made in the science
of distribution. Yet if an. ad
vance in distribution is made,
an artificial burden is placed
on it.
* a a
The most recent example of
this was the trucking contract
negotiated in the midwest by
Jimmy Holla fpr the teamsters.
This provides that every time
a truck trailer is loaded on a
flat car for hauling, $5 must be
paid into union welfare fund.
* * *
Obviously, the “piggy-back”
idea was developed to cut the
costs of moving goods from one
place to another. Moving mer
chandise by rail freight car in
the old classic manner had
many drawbacks. First of all,
it usually meant loading a
truck at a plant or warehouse
and then at the rail freight
yards unloading the truck and
loading a box car.
* * *
Trucks, because they could
load at one city, and directly
unload at the door of the con
signee in another city, over
came this problem of cost. On
the other hand, on long hauls,
a diesel truck will burn more
fuel, run into more costs per
© National IV-Lr-tiun of Imkpendent Business
WILSON HARDER
ton mile, than a diesel locomo
tive hauling a long string of
freight cars. Thus, was com
bined the best features of each
system. Truck tractors haul
the loaded trailer onto freight
cars. On arrival, truck tractors
hook onto the trailers and take
them directly to the customer’s
door.
* 0 *
This was an advance in pro
viding lower cost distribution.
But now the Hoff a gang has
wiped out a fair share of the
progress that had been made.
* * *
Eventually, there will be a
day of reckoning. For example,
in heavily unionized markets
today, the bread truck driver
who delivers to the stores gets
around $100 per week if his
route averages $400 per week
in sales. On sales over that
there is a percentage paid the
driver. This means, then, that
the delivery costs to the store
of bread is well over 25% of the
price consumer pays for it.
* * *
Today, the major wholesale
bakeries are working on new
methods to cut costs.
* * *
However they will be of little
avail if labor can continue to
block their usage.
* * *
Nation’s independent busi
nessmen, voting through Na
tional Federation of Indepen
dent Business, have long asked
that labor unions be made sub
ject to the anti-trust laws.
* ♦ *
There is a problem herein
that legislators cannot ignore
for too much longer. For it is
the law that it is illegal for any
one to conspire to artificially
hold up prices. But is it not
just as conspiratorial when la
bor leaders power into being
artificial devices which pre
vent the public from benefitting
from new and more economical
methods of distribution?
Farmers are getting together in
attempts to solve some of their
common problems. The Long
Creek Apple Marketing Authority
in Oconee county is composed of
small orchaidists. For several
years growers have graded and
packed apples at facility owned by
the Authority.
A move is now underway to mod
ernize the facilities so that grow
ers can better compete with larger
growers in other sections. Seventy-
six persons attending a meeting at
Long Creek heard J. E. Young
blood, Clemson’s extension mark
eting chief, emphasize the import
ance of cooperation to small farm
ers.
“Better packing and marketing
are necessary if we’re to success
fully compete wuth ''♦hers who are
constantly improving quality,” J.
C. Morgan, Oconee’s county agent
said.
The program for this year’s
Farmorama to be held at the East
ern Carolina Fairgrounds in Flor
ence is now out.
After looking it over, I’ve cir
cled the dates May 4-5 on my cal
endar. It’ll be too good to miss.
Titles like “How to Make 2
Bales of Cotton an Acre,” and
“Soybeans—Our Most Promising
Money Crop,” appeal to me. Be
sides, who doesn’t want to learn
how to grow more beef or pork.
Who doesn’t like to see the most
modern machinery?
City people will have a place
too. “How to Landscape the Small
Home.” and “What Lawn Grasses
Should I Plant,” are subjects that
will not turn people away. “Per
sonality Development,” and “How
to Come Out Ahead in the Food
Store,” are subjects we’re all int
erested in too.
Clemson College, Agriculture
Teachers of the Pee Dee, the
South Carolina Farm Bureau, the
Florence Kiwanis Club, and the
Florence Chamber of Commerce
are cooperating in the event.
TRANSFERS
OF REALTY
Newberry No. 1
Reba Mangum to Lessie Clark,
one lot on McSwain St., $400.
H. Lee Smallwood and Pearl M.
Smallwood to Ralph E. Watkins
Jr . and Clara S. Watkins, one lot
in Coateswood place, $5.00 and
other valuable considerations.
Newberry No. 1 Outside
Harold E. Boland and Doris C.
Maynor to Alda Ray Boland, one
lot and one building, $5.00 love and
affection.
Mary Etta G. Shell by Will S.
Glenn, attorney-in-fact to Will S.
Glenn, one lot, $5.00 and the prem
ises.
Hazel W. Halfacre to Edna W.
Ringer, 33.85 acres and one build
ing, $10 and other valuable consid
erations.
Joh.i David Ruff to Marvin San
ders, and Carolyn Thrift Sanders,
two lots, $5 and other valuable
considerations.
Silverstreet No. 2
E. Maxcy Stone, Probate Judge
to Milton Eugene Blair, 701.5
acres, $7000.
Milton Eugene Blair to The
Champion Paper and Fibre Co.,
66.1 acres, $4.164.30.
Mary E. Dorroh to W. C. Dor-
roh, two acres, $5.00 love and af
fection.
Whitmire No. 4
Alva‘Sutton to Sanders A. Car-
tee and Apha Reid Cartee, one
lot and one building, $10 and oth
er valuable considerations.
Pomaria No. 5
Joe William Curry to Willie H.
Curry, two acres, $5.00 love and
affection.
Little Mountain No. 6
J. N. Hamm to Mrs. Doris C.
Higgins, one lot, -5.00 and other
valuable considerations.
CHANNE1
AUGUSTA. - GEORGIA
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*•*0
SUNDAY, APRIL 30, 1901 /
AM—Church tn Thm Homo
AM—Primithro Baptist Church
AM—Parado of Quartats
N —Lawis Family
FM—Sports Clubhouss
PM—Hociss Huntars
PM—NBC Major' Laagua Baaaball
PM—Story of Broad ^
PM—Disnay Praaauts
PM—Laws If To Baavar
PM—National Valval
-Tha FBntstonas
11:00 PM—Naw*
11:05 PM—Waathar
11:10 PM—Snorts L«a
11:13 PM—Jack Paar
1:00 AM—Sion Off
WEDNESDAY. MAY 5. 1901
0:00 PM—Buga Bunny
0:90 PM—Wsatharman
0:35 PM—Eva~t~* Edition
0:45 PM—N»C Naws-
Hnptla»-F*«uklsT RapotE
7:00 PM—Donna Road
1:50 PM Wagon Train
0:30 PM—Prfca Is P<~ht
0:00 PM—Parry C-mo
10:00 PM—Naked Cltv
11:00 PM—Ngw*
11:05 PM—Wsaths*
11:10 PM—Sports Life
11:15 rPM—Jack Paar
1:00 AM—Sign Off
THURSDAY, MAY 4. 1901
PM—Tha Rabat
PM—Alfred Hitchcock
PM—Loratta Young Thaatar
PM—Dangarous Robin
~ Underwater
MONDAY THRU FRIDAY
AM-Tc
Today •
Local He
AM—Today
AM—Local 1
That Bob
AM—Play Your Rue
AM—Price la Right
FRIDAY. MAY 5. 1001
N —Truth _
PM—ft Could Be You
PM—NBC News
PM—About Faces
In Court
PM Loratta Young Show
For A Day
Do You Trust
For Daddy
7:00
7:30
8:30
0:00
9:30
10:30
11:00
11:05
11:10
11:15
ir40
Territory
PM—Boston PI—
MONDAY, MAY 1. 1001
Ed
Edition
Huntlay-Brinklay
8t99 PM—*sHm«rk Hall cf
10:08
11:M Ptf
11:0*
11:1* t* Life
11:15 Paar Show
SATURDAY. MAT 0. 1001
Fargo
Bast of Post
PM—Adventures In Paradise
PM—Pater Gunn
•'•nrt Subject
7:00
7:30
9:00
9:30
7:00
PM—Weather
PM—Sports Life
PM—Jack Paar
AM—Sicm Off
TUESDAY, MAY 2. 1901
PM—La Favras
PM—Wsatharman
PM—Evening Edition
PM—N^C News—
Huntlay-Brinklay Repcrt
PM—Bachelor Father
PM—Mn Three Sons
PM—Rifleman
PM—Wyatt Earp
» M • SWest
• • V r-T,.
11:00
11:90
12:30
3:30
4:00
5:00
5:90
0:00
6:30
7:30
9:30
9:00
.-Veg
M:00
AM—Top Tan Dance Party
PM—NBC Major
PM—True Story
Diary
PM—Tab
PM—Surfside She
PM—Tall Man v
PM—Thurmond-Javits Report*
PM—The Americans
PM—Asphalt Jungl-'
AM—Sign Off
Schedule Subject to Last
Changes and Corrections
HEAR
LIFE
LINE
WAYNE
POUCHER
A
CONCEPT OF
NEWS ANALYSIS
IS PRESENTED EACH
DAY
1:15 p.m. & 7:00 p.m.
Presented by Joanna Mills
—ON—
WKDK