The sun. [volume] (Newberry, S.C.) 1937-1972, April 28, 1961, Image 2

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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. ffVe * iW J WsSim l* itfP S' fe, ■ Hi rH .i H W&Mj j' JEM! ifl dSu t’ n ? ¥ l x ? it M M Am • $ v..- 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 7:30 8:00 8:30 12:00 1:00 1:1S 1:30 4:30 5:00 6:00 6:30 7:00 7:30 8:30 8:00 9:30 10:00 10:30 11:00 11:30 12:15 7:00 7:25 7:30 8:25 8:30 9:15 9:30 10:00 10:94 11:00 ll:*» 12:00 12:90 12:9* 1:25 1:90 2:00 2:30 3:00 3:90 4:00 4:90 5:00 *•*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