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PAGE TWO Twin City Citizens Get Lesson In High Finance From Transit Co. Minneapolis (LPA) Ordinary* citizens here have been learning a little bit about the intricacies of high finance lately—and they have n’t liked the lessons. The Twin City Rapid Transit Co., which has a monopoly on public transportation in Minneapolis and St. Paul, has raised its fare from 7to cents all the way to 12 cents since 1944. Now the company is pleading poverty again and wants 15 cents a ride. Actually, this would make a ride from Minneapolis to St. Paul—or vice versa—cost 30 cents. What’s -more, instead of request ing the increase in an orderly fash ion, the company abruptly slowed service, giving out a series of scare cries about shutting down com pletely and even abandoned one of its runs. Only a court order pre vented it from abandoning others. The company’s one demand is that it be allowed to rake in “a seven per cent return” on its rated valuation of $84,000,000. Many loeal citizens thought this fair enough—until they learned what the company’s owners paid for their shares. A seven per cent return on the rated valuation would yield an an nual profit of $2,380,000. Out of this substantial kitty would come $213,742 for the holders of prefer red stock. A neat $2,166,258 would be left over—for distribution on common stock. This is even better than it pounds. The $2,166,258 is more t^an the total value of all the com mon stock outstanding at the cur rent market price. There are 229, 315 shares of common stock selling gt $9.37% a share. Sale of them all would yield only $2,149,828—more than $16,(MX) less than what the owners want each year as a com mon stock dividend melon. According to informed observers, Sortie 80 per cent of the common Stock outstanding has been bought during the past 10 years while the market value has shifted from About $5.00 to about $10.00 a •hare. Presumably these shares Were bought at an average of about r.00 each. Holders of preferred stock do okay, too. They are entitled to a five per cent return on the par value of their shares. Par is $50.00 so their dividend is $2.50 a share. But most of them bought their pre- we ARE EQUIPPED TO RENDER COMPLETE FUNERAL AND AMBULANCE SERVICE PROMPTLY MARTIN FUNERAL HOME 145 West Filth St. Phone 365 OHIO and WEST VIRGINIA LICENSE New Wage Level Dictated By Social Justice Washington (LPA) President Truman hailed the new statutory 75-cent minimum wage for work ers in interstate commerce as “a measure dictated by social justice.” He said the new wage minimum "adds to our economic strength” and “is founded on the belief that full human dignity requires at least a minimum level of economic sufficiency and security.” Sec’y of Labor Maurice J. Tobin said: “This increase in the mini mum wage will produce a better climate in American industry.” He also observed that the increase in take-home pay for those benefited would result in “a greater flow of money in expenditures for food, clothing and other necessities.” The new wage level was approv ed by Congress last year after its supporters exempted a number of employe classifications from cov erage to appease a Dixiegop bloc, but it did not become effective un til Jan. 25. The new minimum cov ers approximately 23,000,000 of the nation’s 60,000,000 workers. However, the Labor Dep’t estimat ed that it meant wage boosts for only about 1,500,000 since the rest of those covered already are mak ing 75 cents or mord by union con tract. President Jacob S. Potofsky of the Amalgamated Clothing Work ers, chairman of the CIO’s mini mum wage committee, welcomed the effective data of the 75-cent floor as “a day of economic libera tion and advancement for millions of Americans.” Potofsky indicated that organized labor would now fight to hike the minimum to a dollar. President Emil Rieve of the Textile Workers said enactment of the 75-cent minimum wage legis lation was “the greatest single safeguard against depression erec ted since the end of the war.” However, he also said that the min imum should be increased to a dollar. Court Affirms (Continued From Page Ono) licenses on the grounds that it feared monopoly. Actually, the Justice Dep’t has acted against the Lorain Journal. It filed a civil suit last year, charg ing the paper with conspiring to monopolize locally the dissemina tion of news, advertising and other information, but the case has not yet been tried. ferrtsl shares at about $32.50, so their dividend actually is about eight per cent on their investment. That’s high finance for you. FOR SALE Mountain State China Co. on State Highway 250 at Mannington, W. Va. Building 30x70, large lot, rooml for expansion. Suitable for manufacturing Art Ware or for decorating, large display room, MOUNTAIN STATE CHINA CO. Box 389, Mannington, W. Va. Phones 603 or 503 DEMOCRACY IN BUSINESS IS IT POSSIBLE? YES*—This month at 11 different meetings the consumer—owners of The New Co-operative Co. are discussing and making decisions on Co op matters and are electing representatives to supervise the business for them. YES—In a Co-op each member has only one vole regardless of the amount of money invest ed: IN CO-OPS PEOPLE ARE MORE IM PORTANT THAN MONEY! YES—Co-ops are owned and directed by con sumers, those who use the goods which the stores distribute. The New CO-OP Co. has been a successful democratic business for over 40 YEARS SUPPORT THE CO-OP LN YOUR COMMUNITY St. Clair & McKinnon Aves.^-East Liverpool HAVE YOU GIVEN?—Wanda Wiley, 1950 March of Dimes poster girl, smiles at AFL President William Green. Thanks to the March of Dimes, Wanda and thousands of other children recovered from infantile paralysis last year. HOW ABOUT IT? By RUTH TAYLOR Seems to me lately as though I’ve done nothing but talk about public relations—and how to im prove them. And here I am again, right back at the old stand. The trouble with most people is that they hear only what people want to tell them. That is, from their friends they hear how good they are, and from their enemies how bad, but they never really know what kind of an impression they make on the people they meet every day. You have to be mighty interest ed—one way or the other—in a man before you’ll bother to talk to him about himself. You know how it is. You know how you will dis like a man for a mannerism—or like him for it—but you wouldn’t think of telling him so until it af fected a subject on which you felt strongly. But all the time you’re storing up little unconscious pictures of him, and your opinion of him is jelling without very much more than an impression to go on. That’s just what the other fellow does about you! You can’t expect other people to make an effort to understand the reasons for your actions, and to give you a break— unless you, too, have made an ef fort to understand other people and to approach their problems with an unbiased mind. Unbiased does not mean that you must have no opin ion of your own—but simply that you assume that your opponent’s motives are as good as your own and try to find out what those mo tives are. You’ll never convert a man by merely silencing him. You have to understand why he thinks what he thinks to get him to think differently. 1 collect stories about Andrew Fureseth—and one of the best was that Andy didn’t give a damn for your opinion but respected your reasons for these opinions. To my way of thinking that is one of the finest characteristics a man can have—because such a man will play fair with everyone—including himself. Why all this? Well, think it over. There is labor unrest. There is misunderstanding about labor. The public relations of labor, the mer chandising of the labor movement, is the job of each and every indi vidual trade unionist. You are the man by whom the public—.those people whom you meet every day —will judge the whole organiza tion. How do you stack up? SIU Distributes [Continued From Page One) cilithed. Getting it to the ships is another matter, however, and re quires an elaborate system. Core of the system is a Sched U-Graph mounted on a headquar ters wall, and containing the names of every ship and company under contract to the SIU. Each vessel is described, and if it’s at sea, its complote itinerary is listed. (In tho case of tramp ships, only the next port of call is noted.) The list is check*d every day to accord with each ship’s movements. When it comes time to mail out a Bulletin, a copy is sent to each ship a^ sea after the prospective ship movements are calculated with regard to the time it will take the paper to reach the ship. A port must be selected for each vessel. Getting up the Bulletin mailing is a tricky job, but it pays off with the AFL stuqnen. As the Seafarers Log put it, ‘‘the member who doesn’t know what is going on in the union should be a rare bird.’ Demand the Union Label. .——------- Machinists Back Bill To Halt Plant Dispersal Washington (LPA)—The Int’l Ass’n of Machinists drive to block irresponsible dispersal of defense plants and defense work is begin ning to bear fruit. On Jan. 23, Sen. Warren G. Mag nuson (D, Wash.) introduced a bill to force military procurement of ficers to submit for review and ap proval by the Munitions Board and the Nat’l Security Resources Board any contracts requiring the move ment of privately owned plants, and relocation of employes wheth er from one geographical area to another or from private plants to government-owned plants. On top of that, Hubert E. How ard, Munitions Bdhrd chairman, made public a letter to IAM Pies ident Al Hayes saying that the Dep’t of Defense is not advocating the movement of defense plants from one area to another. Meanwhile, the entire California delegation to Congress gathered to hear the lAM’s views on plant dispersal as presented by three IAM spokesmen for the California Council of Aircraft Unions. Giving the IAM story were Hal Shean, council chairman and business agent for the lAM’s Lockheed unit, Byron G. Rhodes, president of the Douglas Aircraft unit, and Tommy Aycock, business agent of the Con solidated Vultee unit. The three officials asked the Congressmen to support, the Mag nuson bill, and asked that Con gressional action be taken to safe guard private defense plants agafinst arbitrary action by the military. President Hayes said ho was glad to learn that the Dep’t of De fense did not advocate dispersal, and hoped military procurement officers would abide by the de partment’s policy. He indicated his support of the Magnuson bill, say ing, “We don’t want to wake up some morning and find that sev eral thousand aircraft workers are being laid off because some gen eral or adpiiral has decided that the work ought to be done in Oklahome or some other distant point.” 90,000 Aufo (Continued From Page One) sentatives admitted that Chrysler is well able financially to meet the union’s demands.” Plants in Michigan, Delaware, Georgia, Indiana, California, and' Kansas have been shut down by the strike. An additional 65,0C0 em ployes of supplier firms are ex pected to be laid off as a result of the shutdown. Production of 6000 cars and trucks a day is at a stand still. Taff In There (Continued From Page One) vcniently forgetting that the FEB Commission would follow the same general administrative procedures, with recourse to the courts, that was in the Wagner Act and which he carried over without protest in the Taft-Hartley act. The Ohio de legation had earlier pointed out to him that the Cleveland FEPC law, which contains no enforcement powers, has been ineffectual. THE POTTERS HERALD, EAST LIVERPOOL’, OHIO Comment Ort World Events No one can even estimate the in fluence for good the International Confederation of Free Trade Unions will have on the future of the world, says Taylor T. Buchan an, editor of the International Molders’ and Foundry Workers’ Journal. Mr. Taylor, who attended open ing sessions of the historic London meeting which founded the new world organization, writes in the Molders’ publication that it will be to the world “what the AFL is to the United States and what our central labor unions are to the com munity. When all workers move in the same direction, no power can stop them.” I Editor Taylor'goes on to point out that the World Federation of Trades Unions (WFTU) fell to pieces because it came under the domination of Russian union lead ers who, from the start, sought to make it the instrument of commun istic propaganda for the further ance of Soviet policies. “The AFL leaders,” he recalls, “steadfastly refused to become af filiated with the WFTU, giving as their reason that free unions could not work with unions dominated by outside influence. That statement was later proved to be true when the CIO, the British Trades Union Congress and the Dutch Trade Union Congress withdrew, with several others following their lead.” Every precaution was taken at the London meeting to see that the same thing did not happen to the new organization, Taylor empha sizes. “Representation was deliberately extended,” he explains, “only to those trade unions and other or ganizations that are free and dem ocratic bodies independent of any external domination and exercising the right of free speech, free asso ciation, and the practice of collec tive bargaining in their relations with employers and the state. “Through this organization,” he says in conclusion, “labor is making a contribution to world stability and world welfare.” New York state’s labor force has been increased only one-fourth of 1 percent by the number of dis placed persons who have settled in the state during the first 13 months the D.P. program has been in op efttjon, says the first regular bul letin issued by the New York State Committee on Displaced Persons of which New York Industrial Com missioner Edward Corsi is chair man. Of the 34,797 who have taken residence in the state through Dec. 31, 1949, only 19,000 are bread win ners. “These figures certainly point up the fact that the settlement in thi st^te of these unfortunate indivi dijals and their families, who were uprooted as a result of the conse quences of World War II, has had no appreciable impact upon oui economy,” Commissioner Corsi de clared. Since Oct. 30, 1948, when th€ first group of 813 displaced persons arrived in New York, the propor tion of refugees resettling in the state has steadily declined. 01 those arriving in 1948, more than half intended to locate in New York. In the first quarter of 194‘J the proportion dropped to 43 per cent. By the end of July it was 33 percent. And by the end of 1943 had fallen to 28.5 percent. Tags Bell (Continued From Page One) wage picture. The company’s boast that i workers will get a pension of $L Beirne branded a distortion, putt ing the true figure as nearer $85 a month, and asserting that the pension system is less liberal than the retirement plans recently agreed on in other industries, al though pensions have been part of telephone wages since 1913. The union has found that AT&T has always been “a ruthless, cap ricious lot of highbinders, having little regard for the public or the employes,” Beirne declared. He called the plight of the telephone workers “a malignant cancer” in the nation’s economy, and declared that the union “intends to stamp out this un-American blot.” i i 75-Cenf (Continued From Page One) '5 hour, whether he’s paid by the hour, week, month or otherwise. In addition, he must be paid at least time and a half for work be yond 40 hours a week unless he is specifically exempted from over time as some classifications are. The new law tries to define over time more exactly than did the 1938 law whose overtime provisions are still being pondered by the courts. General improvements in the old wage law include stronger child labor clauses and a provision giv ing the wage-hour administrator the right to sue hi a worker’s be half for unpaid wages or overtime. Full Employment Election Issue Of British Labor By DAVID WILLIAMS London (LPA)—Full employment is the issue on which the British Labor party will campaign in the February elections. Keynote will be “Let us win through together.” The welfare state, hotly debated in the US, takes second place in the Labor party’s campaign. What counts for the British worker is the right to a useful job at a living wage. Naturally he likes to know that, through social insurance, he has protection against the risks of sickness, unemployment and old age. But he's more interested in going to work every week without the fear of layoffs, and that is just what the Labor party pledges. The Tories are tagged “the party of outdated ideas, of unemploy ment, of privilege.” Labor has kidnapped the favor ite Tory slogan, “A property-owing democracy.” Through Labor’s pro gram, with a reasonable measure of public ownership, the people for the first time control their own economic future, Laborites say. Fair shares in the necessities of life and care for the health of the people are also promised. Full speed ahead with housing is anoth er pledge. “Labor will go forward until every family has its own separate home,” Laborites pro claim. Unlike American unions, Bri tain’s Laborites will not have to spend lots of effort registering voters. Registration here is auto matic, and you don’t go off the register, no matter how often you fail to vote. The result is high turnout on election day. In 1945, for example, 76 percent of the voters cast ballots and it’s believ ed that the Feb. 23 turnout will be even greater. Every doorbell will be rung, not once but several times before elec tion day. Copies of the election register with the names of voters arranged by street and number are given to each candidate for the House of Commons. In most consti tuencies there’s a full-time organ izer in residence. He has every thing set, and when volunteers ap pear he’s ready to tell exactly what to do. These “election agents”, as they call them, are skilled at their wprk, having passed stiff examina tions to qualify. Slum Clearance Group Named Washington (LPA)—A 20-mem ber advisory committee on slum clearance and urban redevelopment has been named by the House and Home Finance Agency. The com mittee will meet bi-monthly, said Nathaniel S. Keith, director of the division of slum clearance and urban development. I is llUiUUffi W# You want the most modern water heater you can get... of course. And of course that moans Electric. Once it's installed you can forget it and have all the hot water you want day or night. No tiresome trips to the base ment. Nothing to turn on or off. No worry about a pilot light. No flue or chimney connections—you can install It almost anywhere. Cban, safe, de pendable as electric light and fully automatic ... an electric water heater is yDur best buy. ■n. OHIO POWERS Liberal Democrats, GOPers Try All Methods To Get FEPC Vote Washington (LPA)—The birth day of Abraham Lincoln is the next target date for supporters of fair employment practices legisla tion in the House of Representa tives. After taking a drubbing at the hands of House Speaker Sam Raybum (D, Tex.) on Jan. 23, the day when, under the House rules, FEPC could come up, liberal Demo crats and Republicans have filed a discharge petition which, if 218 Representatives sign, can come up on Feb. 13, the day after Lincoln’s birthday. Three of the bloc, led by Rep. Franklin D. Roosevelt Jr. (D-Lib eral, NY), announced that they had obtained more than 90 signa tures on the petition during the first twenty-four hours after it was filed by young FDR. If the House is in session on Monday, Feb. 13—and the bloc in sists that it can force a session on that day—and if the 218 signatures are obtained, the decision on wheth er to recognize Roosevelt will agin be up to Rayburn. Rayburn, frankly an opponent of FEPC, was faced with a choice on Monday, Jan. 23 between Chairman John Lesinski of the Labor Com mittee, with the FEPC bill, or Chairman Hardin Peterson of the Public Lands Committee, with the statehood-for-Alaska bill. Explain ing that the “atmosphere-” was still too heated after the previous week’s fight over the House rule, and that Peterson had filed his bill first, Rayburn refused to rec ognize Lesinski when the two men stood before him, shoulder to shoulder, to demand the floor. Nevertheless, Dixiecrat oppon ents of the liberal rule, aided by Republican Clare Hoffman (R, Mich.) managed to snarl up the House machinery for five hours, demanding one quorum call after another. Each quorum call takes about 20 or 25 minutes. Later, when some FEPC supporters tried to buck the House leadership on MIMM^ I'..................|| Thursday, February 2, 1950 a motion to adjourn, they got al most evenly divided support from liberal Democrats and Republicans, but lost by a vote of 167 to 109. The slim hqpe that in the House Rules Committee the northern Democrats and Republicans would vote together to grant the FEPC a rule is still alive. For the first time on Jan. 24, one of the Repub licans present—Christian Herter of Massachusetts voted to report the bill. By a five-to-five tie, the proposal lost. It will be brought up again and if all Republicans are present and vote for the rule it can pass. Voting for FEPC were: Sabath (D, Ill.), Madden (D, Ind.), McSweeney (D, Ohio), Delaney (D, NY) and Herter. Against FEPC were four Southeners and Brown (R, Ohio). Nothing is funny when you’re hungry or your feet hurt. A Bright Blooming Plant or a Cheery Bouquet is the Ideal Valentine 1 i GOLDEN'S FLOWERS 137 West Sixth Street John, Greta, Betty, Jack FOR A CHANGE, SERVE BETSY ROSS SLICED VIENNA Enriched with Vitamin and Iron HBMMM JHIh j! ,i. Mt the modernLwater a 1 MLu.2 ^SIIIHIIMM heater of course!' 0^7- ONLY *3 A MONTH FOR AVERAGE FAMILY Ar ear special lew water heater rate, $3 worth of electricity hoot* water for the average family for yv s i a whale moeth.