Milford chronicle. [volume], June 24, 1949, Page PAGE FOUR, Image 4

About Milford chronicle. [volume] (Milford, Del.) 1878-1974

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MILFORD CHRONICLE
ESTABLISHED OCTOBER 4. 1878
_
Delaware's leading weekly newspaper
newspaper—both^'size'of Sp£fnum£r oftSS pTÄ
MEMBER OP THE associated press
Hie Associated Press is entitled exclusively to the use
for republication of all the local news printed In this news
paper. as well as all AP news dispatches
THEO. TOWNSEND
Editor and Proprietor from 1878 to 1910
MILFORD CHRONICLE PUBLISHING COMPANY
10 TO 18 SOUTH WEST FRONT STREET
MILFORD. DELAWARE
PUBLISHERS
3. Marshall Townsend
Virginia S. Townsend...
Theodore Townsend
--President
-Vice-President
.Seer etary-Treasu re r
Q. Marshall Townsend
Robert H. Yerkfca
_Editor
Managing Editor
Ssciusive National Advertising Representative
Greater Weeklies
Mew York - Chicago - Detroit - Philadelphia
Subscription Terms
By Mail—In Delaware, $3.00 a Year
Outside of Delaware, $3.00 a Year
Single Copies...
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Address all communications to the Milford Chronicle
Publishing Company, Milford, Delaware
Catered as second-class matter Marcb 3, 187$ at the
poctoStce at Milford, Del., under Act of Marcb 3, 1879
Volume of news carried, and lineage of advertising pre
sented each Issue. All advertising is sold on a basis of a
guaranteed circulation of over 7,000
copies each issue.
FRIDAY, JUNE 24, 1949
WHAT'S WHAT?
The Government at Washington is spend
ing too much money and several leading edi
tors of the country are telling their news
paper reader^ that "the American people
In the first place there has
are uneasy.
been a business recession under way for
many months. Unemployment is increasing.
Union labor bosses have increased unem
ployment faster than they have won battles
with employers, with strikes. Prices are
very low in some spots and very high in
others. There are no definite Government
policies. The President of the United States
is out of tune with Congress on the most im
portant questions that have ever confronted
the Government in war and peace. But even
without a war we are inconsistent and ex
travagant and are throwing money around
recklessly. Railroads are on the bumps. The
ships at sea aren't doing very good either.
„ ,_.. ~
> dn1lïr«h«
' dollars a month for veter
Public service corporations are in hot water
nearly everywhere. Everybody realizes that
farming and agriculture are the most im
portant businesses in our broad land. But
it is difficult to understand why and how, the
Government buys and fixes the prices of farm
products. The price of corn has cost the tax
payers half a billion dollars. Even the old
Irish potato has pulled down a quarter of a
billion dollars from the United States Trea
sury. The chances are that the Government
will spend more money in the coming years
than it will take in on taxation from all
sources, and it is sure as a whistle that there
will be another big increase in the National
debt. While we are glad to hear about it,
most oi usjjvo
be ableto pay
ans who are 65 years old. The White House
demands on Congress included 40 proposals
on new spending. Congress has not agreed
with the President in a way that satisfies
Brer. Truman. And here we are in a cold war
with Russia. Russia is our enemy. The
Hoover Commission has finished its job and
has laid down a policy for the revision of the
American system of Government that helps
to clear the skies. But the leadership at the
White House is recognized as weak—very
weak. And on Capitol Hill there seems to be
more pblitics than statesmanship. And
we could go on recording the lack of prog
ress in our Government at Washington. The
pmnbiail 8 If ten as n V J . ch
I r P a ? stat r man : sh 'P'
weak ' 011 ovcrnment 18 lamentably
TROUBLE FOR THE SMALLER TOWNS
It is doubtful if the public fully realizes
the dangers in the proposed measure to es
tablish a national minimum wage of 75
cents an hour for a 40-hour maximum week.
One student of the problem summed it up
• in these words: "The bill would establish a
single nation-wide floor under the wage
structure of the United States. A low floor
is one thing. A high floor is another. When
you have a low floor, you still leave primary
control to local competition. When you have
a 'high floor, you virtually eliminate the op
portunity for increasing the effect of com
petition and thus increase the rigidity of the
whole local system of business. This effect
would be particularly serious in the small
town and the local community." When we
change the wage structure we also change
the cost structure, and so the cost of living
in little towns would approach the high level
of New York, San Francisco and other met
ropolises. The proposed new bill, as intro
duced in the House, contains no exceptions
of importance—enterprise, large or small,
no matter where located, would come under
it. The existing measure contains, for logi
cal reasons, certain exceptions. One of these
is retail business. Retail stores, by their
nature, offer many employment opportun!
£? f Â"fv rS and °î he , r u " r*
nlfw thesp^rifT.^ 11 " COl ] d not em :
?f ope 1 î, tke , wage rate v y ere set
too high. He would, of necessity, have to
seek ways and means to get by with a smaller
payroll. And so there would be fewer jobs.
In a country of this size and variety the pro
posed new law would be a disruptive influ
fence.
so
.
N
Wi
NO GAUDY SCHEME IN SENSIBLE
Tho PR ?P RA ^
f ecor \ om 3, sts aad farm ieaders
kadkad time , t0 study Secretary of Agricul
ture Brannan s proposed farm program. And
ovon uT °w e n a umt telieith&t
, 1Q 1 7 aC6: m j 1 - 8 baI ? liest d !7 s
up a ^ dier freine- You
anZ ^rmpr« e f ence 0f the 2 uar
to rSrmtf ThI S - mi 5 1 ? lum ani \ual income,
to permit the price of farm products to find
i
their natural level according to the law of
supply and demand, then to make up the
difference between what is paid the farmers
and the price brought by their products by
taxing all the people. The American Farm
Bureau Federation declares: "The income of'
American farmers should not be made de
pendent on annual appropriations from the
federal treasury. No economic group is will
ing to stake its future on such a precarious
possibility." A wise decision indeed. But
this is just one weakness. Actually, the whole
plan is riddled with bad features. It is doubt
ful if the government could establish it with
out farmers granting the government con
trol of all land and live stock production—
which would be regimentation with a venge
ance. Then there is the matters of costs,
Secretary Brannan refuses to give any idea
about this, saying such a thing is "not perti
nent." But congressmen who havp tried to
do some figuring on the wild scheine say the
bill handed the taxpayers would run between
$6,000,000,000 annually. Some sort of farm
support program we must have, for farmers
are too important a part of our buying popu
lation to suffer from depressed incomes. But
we want none of the economically unsound
and politically dangerous Brannan program.
FOOL-PROOF HIGHWAYS ARE
ACCIDENT ANSWER
Fool-proof highways are an important
part of the answer to the 32,000 automobile
deaths of 1948 which President Truman de
plored in his address to the recent Presi
dent's Highway Safety Conference. Such an
alarming number of fatalities amounts to
more than half the. annual death rate of
World War II. The 253 Memorial Day holi
day week-end highway deaths is the latest
evidence of need for better highways. The
struggle to educate the average driver that
his life is too valuable to risk is a losing
battle and the best solution is tö give him an
almost food-proof road to drive on. In the
years since V-J Day, surveys have been made
on the accident rates on super-highways as
compared with the out-moded highways the
motorist is forced to use, and the death rate
has been found to drop as much as one
fourth to zero. In Sacramento, California,
the North Sacramento Freeway built to su
persede the old route, has had no fatalities
during its first year of operation, and acci
dents were reduced 73 per cent compared
with the old road statistics.
New Jersey produced a drop in fatalities
amounting to three-fifths when a number of
three and four-lane highways were rebuilt
into divided highways. An example of the
need for access control is the Detroit Indus
trial Expressway which parallels U. S. 112
for about 15 miles westward from Detroit.
U. S. 112 is a divided highway for much of
its length, but is without control of access
as on the Expressway. Per 100 million ve
hicle miles in 1946, U. S. 112 had a total of
injuries and fatalities of 625.3 while the
Expressway with access control had only
9 L1. , Westchester County in New York
g^te presents a perfect example between the
old Post" Road" and the Merritt Parkway.
The Post Road travels through several small
towns, while the Merritt Parway skips them
all, has access control and overpasses. The
fatality rate from collisions between ve
hicles was almost four times greater on the
Post Road than on the Parkway.
The smaller accident rate on these im
proved highways would seem to indicate that
the answer to the problem of highway fa
talities may be found by building more of
this type of roads.
Somehow, most of us get snared in some
of these schemes and movements that the
Government is edged, into—which in the
end have been switching us into new path
ways of life.
. Ge P eral Eisenhower gave out an inter
^ " wM( * h f e d f la ^ hi «
^pposition to the Administration s Federal
rorY1 da ? atlon and he accompanied his
r f marks Wlth a warnm / that thl /. ( ne Y sld Ç
® e PP in t? ls increasing dangers of paternal
lsm T ^ f n^i k r
said that firmly believes
^ the ? rmy oî , Pf™? 8 wa L nt grater
, autko r i' lty and
?!! ^u P u t® Ce on t he Fede ral Treasury
nm , backing up dangerous changes in
H fbp°nfu A • A , .
that head i!T declan PS
.. ^PP k t ^® d ^ al aid would resul t m
i v Z^ anH ^^J d /omplete
> y ,f ? def f at , the wat . c hful economy
that esults from local su P ervl sion over local
WHO IS RUNNING OUR GOVERNMENT
Evidentlv President Truman
that he rZved a^mLdTfîom the peo
P le " when he was elected last November.
The Congress seems to have "mandates" of
OI
<<
PATERNALISM IN GOVERNMENT
99
revenues.
In short," he continued, "unless we are
careful even the great and necessary educa
tion processes in our country will become yet
another vehicle by the believers in paternal
ism, if not outright socialism, will mean
still additional power for the central Gov
ernment." We believe General Eisenhower's
warning is timely and right.
ii
their own.
Administration spokesmen for the new
and revised labor legislation seem to believe
that the President already has powers that
can be enforced without new legislation,
seize struck manufacturing plants. The Pres
ident has power to step into a strike, and
hold up proceedings and get a court injunc
tion against a strike.
Right now there are a lot of new strikes
of top importance, and some lesser labor
differences in different parts of the countrv
There is a lot of big talk about the rights
the labor bosses and the President to take
matters into their own hands, FDR style.
Senator Taft calls things by the right name
He says that jobbery by Unions and the head
of the Government would bring on the "down
fall of our legislative system?
M
.
•
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Thirty Years Ago
As Taken From The Files
Of The Milford Chronicle
K^t P Countv r< wherp a thp U wheat* rrm!
B f e J h 6 ^ heat C [°P
a. been harvested, indicate that
here will be but possibly half a
crpp. 1 he reasons assigned are the
we spe in April and lack of po
ta f h .. ,n . the phosphate. Some also
attribute it to the rust.
— » —
Plans are now heimr drawn for
the Milford Chronicle Publishinc
Company for {heTrectJ Ta new
. " y ., ?« ° ... ® w
? n H 7 hiS i bu,ldi ng will be
constructed in the rear of the
present engine room of the Chron-1
!; e . P „kÎ' an ^ be tW .° S «. ne ,
°f coacrete - ' Vork
theJTh.« s K tarted as soo . n as
P' a p een a PProved.
B. B. Davis. George Payuter,
ter Hess, Frank Cromer and Chas.
Devoe, all of the Westminster
Fishing Club of Philadelphia, have
been the guests of Mr. and Mrs.
H. M. Ennis this week. They
beeh on a fishing trip as the guest
of Mr. Ennis for two days at Bow-j
ers Beach fishing grounds. The re
suit of their two days' trip was two
hundred and twenty-five of the very
finest yellow fin sea trout which
average about three pounds each.
This is the second annual trip for
this club as the guest of Mr. Ennis
and they have returned to theiv
homes much pleased with their
trip and with their luck.
BÄBSON Discusses Stocks
?
NEW YORK CITY. June 24—
I am making no recommenda
tions in this column this week,
but my thoughts are something
which readers can seriously con
sider. As there is no precedent
for these thoughts each investor
should decide the question for
himself. I cannot take the re
sponsibility on such an important
decision.
LOOKING AT PAST HISTORY
It has been a truism of the
stock market from time immem
orial that "stocks all go up and
down together,—the good ones and the bad ones."
This means that operating "selective markets" has
not been a very safe procedure during the past.
One is justified in buying for income only, without
paying any attention to price changes; but if prices
are to be considered, then you can usually make a
profit by buying anything blindly in a bull market
or be fairly sure of a loss by buying anything—in
cluding the gilt edge stocks—in a bear market.
When studying past history we should recog
nize that the market prior to 1933 was under no
Ü. S. control. Leading up to 1929. for instance, most
of the stocks in brokers hands were held on a
margin of from 10 to 20%. Then almost every ele
vator operator and stenographer of the Wall Street
district had stocks on a 15% or less margin. Hence,
when the crash came, it was natural for all stocks
to fall because people had to sell their good stocks
when trying to protect their poor stocks.
CONDITIONS TODAY ARE DIFFERENT
During recent years margins of 75% have been
required. Now margins of only 60% are required,
but I am told that stocks today are either owned
outright or held on a margin of about 70%. There
has been very little buying since the margin re
quirement was reduced, as transactions have been
largely for cash. Certainly, no elevator operators or
stenographers now hold stocks on margin. This
means that conditions are very different today. The
$64 question is whether these changed conditions
change tho old rule; "stocks all go up and down
together."
If these changed conditions should change this
old rule it is possible that certain stocks have al
ready reached their low point in this bear market.
This would mean that instead of watching just the
Dow-Jones Industrial Average, which has gone down
.
;
Roc.er W. Babson
to
of
i vi MiSS l ' at * ie ç lie Lake i
View avenu e. South Milford, arriv-J
ed home last week from Sweetbriar
College, Virginia, where she is a ;
student. She was accompanied by
Miss Edith Way of Indiana. ;
—]
Corporal John E. Davis, son of j
Pastor Davis > was « iven a reception
at tbe ® ap ^ s * Church last Sunday
>r r " ing - A beautifü J sol °' " In the
Garden" was sung by a little tot,
Mi8tre88 clara gtiU. 7 *
"Wilmington;
About seven o'clock last Satur
day evening residents of Milford as
. well as other towns of this Pen
j insula, were given some excite- !
'ment when a series of explosions
Pe-|Were plainly felt. In some sections ;
(the houses shook very noticeably
any many of the residents thought
that they were in the midst of an
: earthquake. Telephone calls from
sections of the two lower coun
ties were made asking if any ex
plosions had occurred. The shocks
which were felt here were probably
| caused by the explosion of a large
| quantity of captured German am
munition at Perryman, Md., near
Aberdeen. This is about eighty
i miles from Milford. Saturday eve
> ning this ammunition began to ex
; plode and the residents of Perry
i man left the town under orders of
i the government authorities.
from a high of 212 in 1946 to a present figure
might be well to watch individual stocks. Instead
of all stocks hitting the bottom at about the. same
time, as they did in previous bear markets, different
stocks MAY be hitting their bottoms at different
Cutting off the extreme peaks of 1929 and the
extreme lows of 1932 which lasted only a few weeks
and covered only comparatively a few transactions,
around 165 and which could go very much lower,
times extending over a period of a year or more.
MARKET COMPARISONS
stocks as a whole in the 1929-32 bear market wentj
down about 80%. This means that, assuming*
average of ten stocks early in 1929 was $100,
same list of stocks sold for $20 in 1932. Yet,
Dow-Jones Industrial Average of "Thirty Gilt-edged
Stocks" has suffered very little since 1946 compared:
with what happened to it in 1929-1932.
_ .. 4 . . , . . . .
On the other hand, certain stocks which should
be a fairly good businessman's risk have recently
dropped over 80%. Any broker can make up a
of ten such stocks which sold at the equivalent aver
age of 100% in 1946 that can now be purchased
less than 25%. I am making no recommendations:
but believe that a reader who now buys the ENTIRE
following list for cash, puts them away and forgets)
them, can someday AVERAGE a handsome profit
although some one or two may go bad. These
common stocks, listed on an Exchange here in New
York City, and purchasable through your local
bank or broker who will not like them.
High
High Recent
1945-46 Price
Name of Company
Le Tourneau (R. G.) Inc..
(Machinery) .
Collins & Alkman Corp.
(Textiles) > . . .
Columbia Pictures Corp.
(Movies) ....
Newport Industries. Inc.
1937
. 75
56
12
63
63
14
. 40
36
10
(Agriculture)
Pressed Steel Car Co. (R, R.
Equipment) ....
Raytheon Mfg. Co.
(Electronics)
Spiegel, Inc. (Dept. Stores) . 29
Stokely-Van Camp, Inc.
(Packers) ....
United Air Lines, Inc.
(Aviation) ....
♦Atlantic Coast Fisheries Co.
(Fisheries) ....
. 42
45
10
. 32
30
5
30
6
40
7
. 18
39
10
. 24
62
11
. 13
♦This last is one of my family's companies,
16
2
The trees of Milford must be
trimmed by Town Council. It
impossible to pass under many of
the trees after a rain with or with
out an umbrella. The street light
ing is made useless because of the
ow hanging limbs of the trees,
On Thursday of last week the
following young women took the:
entrance examinations at the Wo
men's College of Delaware: Natalie
Ayerst. Elkton. Md.; Maria Eliza-.
beth Bennett. Milford: Nellie Blair.i
Grace Brady. Middle
town; Virginia Brown. Wilmington;
Miriam Clark. Clayton; Eleanor
Clemo. Wilmington; Emily Cole.
Dover; Hannah Deakyne, Smyrna;
Catharyne Denpey, Smyrna; Viola
Elters, Wyoming; Marian Gallai
her, Newark; Alice Jaquette. New
ark; Elsie Johnson, Richardson
Park; Mildred Johnson, Wyoming:
Ethel Jones. Wilmington; Emma
Knowles. Greenwood: Amy Lloyd,
Wilmington; Gladys McAllister,
Newark; Lillian McKee, Dover;
Wilma Faye Moore, Milford; Mary
Reynolds, Middletown: Ruth Rus
sell, Milford; Mabel Smith, Hartly;
Evelyn Spruance, Smyrna, and
Marian Truax, Wilmington. The
majority of these are candidates
for the Arts and Science course;
the others are about equally divid
ed between the education and home
economics courses.
THC
Home
TOUin SpW,.
IN WASHINGTON
WALTER SNEAD. WNU Coi r«-spoiidrn*
Inside Story |
JNSIDE STORY on tho hou» dad.
* of some 15 per cent from the ap
„ -JT trn.on.an
propnation for European recovery
administration funds runs, some-1
thing like this: The administration
has been told by the department of
commerce and the committee on
economic advisors to the President
that the national income in 1950
will be definitely lower than now—
some say 18 billion dollars lower
than 1949. But some Democratic
leaders declare that the budgets
for domestic appropriations have
been squeezed until there is little
water left in them, so it will be 1m
possible to slash domestic expendi
tures which, after all, amount to a
very small percentage of the total
overall -federal budget. The story is
that these leaders say that It will be
politically more advantageous to
pass the domestic appropriation
measures as is than to cut them in
the election year of 1950.
But, on the other hand, a
reaUstic group in the house and
senate, cognizant of the im
minent drop in national income,
declare that a cut in federal ex
penditures is absolutely essen
tial if a tax increase is to be
avoided, and it should be
avoided.
So, although the administration
is not going to consent publicly, the
slashes in EGA funds will be per
mitted to go through on the theory
that lower prices in the offing may
make up for some of the cuts and
that there will be less reverbera
tions from the electorate than if
domestic appropriations were pared.
• . •
With Senate Majority Leader
Scott Lucas committed to keeping
congress in session until the "ma
jor" points in President Truman's
legislative program "are dis
posed of," the makings of a full
scaled row are shaping up.
Already the administration has
chelved some of its "must" bills
in order to get to the Taft-Hartley
repeal measure, an admittedly red
hot subject. Congressional leaders
agreed it would be three weeks
before this issue came to a show
down. That would mean the labor
question might not be settled until
aroun( j j u j y j. With a majority of
legislators already on record as
«„ *„«
favonng ad J° urnment earl y m Au «
Atlantic pact in the senate so the
i a bor bill could have the neht-of
. i aw .m a kinp
. * fh v>oc fv,
1 , , . . , , . . .. . e
. p ' a ' aeia " s suen as mat on
?? a3 .? r questl0ns are not necessary,
the votes are there, then the
measures proposed can be passed,
Where there is uncertainty and one
! side or the other must make the
ust, Senator Lucas may find his
hands full in keeping the lawmakers
beyond that time, despite the status
of the President's revised "must"
program at that time.
An obvious indication of the pow
der-keg potentials in congress is the
administration's willingness to put
aside consideration of the North
] best of a bad deal, compromise is
j the only way.
• •
My old friend Hassil E. Schenck,
tall, raw-boned and virile, president
of the Indiana Farm Bureau Federa
tion and a member of the AFBF
executive committee has said a
truism. In a luncheon speech here
recently he told his audience:
! "Normalcy as this country knew it
of) 10 * 15 * and 20 y e£ i rs not only
a present-day impossibility, but it
j would be catastrophic and we
wouldn't want it if we could have it
| America has no alternative but to
i go forward to a new normal,
Hassil Schenck has been boss of
the Indiana Farm Bureau almost
as far back as I can remember,
back to the days of Bill Settle, who
was Indiana Farm Bureau presl
dent and later became president of
*he national organization.
it;
Adjournment Row?
declare they will pass a Taft-Hartley
labor law repeal. Labor's political
P r °hlem for 1950 is two-fold, and
« is determined to beat thoae who
have opposed Taft-Hartley repeal.
F|rgt u must a
tacular gains It made In 1948
a „a second, It might win at
least 15 additional seats in the
house and seven more seats In
* h e senate. Actually labor's pro
f ram „ l8 "«"-Partisan, but real
istically it Is one of electing
more Democrats from the North
and West and different Demo
crats from the South.
The administration leaders still
in 1950.
In the senate 34 will be elected
• •
Economy Talked
In the meantime congress con
tinues to talk economy and to vote
for increased appropriations. The
biggest money fight was over the
army civil functions bill. The Hoov
er commission had charged colos
sal waste of money by army engi
neers. When appropriations for
army civil functions came up Sen.
Paul Douglas of Illinois asked for a
40 per cent cut. Republicans tried
for a 5 or 10 per cent slash but they
were defeated.
Butterflies On A Bat
NEW ORLEANS — (AP) — Ge
orge Berg, who has a collection of
15,000 butterflies, says he caught
most of fhe insects by getting them
drunk. He ^ets out rotting fruit
for bait, the fruit juices ferment,
and the butterflies that drink
get too tipsy to fly away.
iTS
1
*
m
;
v
Equal Poverty lor All?
_ HH0U0H0UT ALL kmm ,
Ml.
* tory— ancient and modern—no
• . . ,
" atio "' "? P** 1 *' hav *
tbe P ™ b K ,em ** ual distribution
?* wealth ' aItbough many atiempts
ve een ma e *
As a nation, we have come near
er to finding that solution than
others. To each of us has been giv
en equal opportunity to afccumulate.
Practically all have had a chance.
The vast majority have improved
that chance to a greater or lesser
degree. Our efforts may have been
rewarded by the possession of a
home, a farm, a business, an es
tablished professional practice, by
hank accounts or insurance policies
or ^y investments in the large in
dustrial or transportation institu
tic *ns. The vast majority of the
American people have something
tba t represents wealth. We are op
posed to a distribution of what we
have with those who, through a
lack'of effort or thrift, have noth
ing.
The spending spree of congress,
and the demands of tne President,
the expense of which must be paid
for by that vast majority who *
"have," is but another effort to
distribute the wealth equally, tak
ing from the "haves" in the form
of taxes to give to the have-nots in
the form of hand-outs.
As taxes, a spending congress
would take from Mike one of
his two goats, and give it to
P»t. Separated, the two goats
fail to produce more of their
kind, and there are no more
goats to divide. It works the '
same way with jobs and pro
duction of commodities. Tax In
dustry to death, and there are
no jobs, no wealth to divide.
There is nothing left but un
productive poverty, of which i
* each automatically will have an
equal share.
The wealth of America is bwned
today not by the few, but by the
vast majority of all. It is managed,
in large part, by the selected repre
sentatives of the millions of owners,
by those with the technological
know-how to make the accumulated
dollars work in the production of
additional tools, of additional jobs
and additional products. All of
which means more wealth, with an
ever-increasing number among
whom the more wealth is divided.
That, in a paragraph, is the
American economic system the
Socialists, the Communists, the
Facists, the foreign "isms" gen
erally, would break and establish
instead an equal distribution of
poverty. Which would make men
dicants of all, with none to fiU our
outstretched hands. It is a system
the so-called "do-gooders
whittling at. Such "do-gooders" in
the American government can, if
they continue their reckless spend
ing and its attendant increased tax
ing, stop thaf month-by-month,
year-by-year increase in our na
tional wealth; they can divide
Mike's goats, but when they do
there will be no additional goats to
divide. They can do it by radical
government spending, and by the
taxes that must be levied to pay
for such spending.
are
Every day congress feeds
more and more millions, or bil
lions, Into that poverty-grinding
mill. In time, and all too short a
time. It will destroy the wealth
of the nation, of the many mil
lions who today share that
wealth. It will destroy the
plants, the tools, the jobs, the
products of Industry. v
No action on the part of govern
ment can distribute evenly the
wealth of the nation, but it can dis
sipate that wealth, and leave
nation of poverty-stricken mendi
cants, each of us looking for a
hand-out, but with none to provide
the desired gratuities.
When that time comes, and It Is
on its way. there will be nothing
left to provide for the present
viders. Poverty will be evenly-dis
tributed without action on the part
of government.
us a
^ e . °* *he late Harry
«opkins to ^ and tax and tax
: and s P«na. «nd spend, and spend"
i in an effort "to elect, and elect, and
eket," is a dangerous poison for
tbe weU * beln 8 °* America,
pro
*
Any political party that attempts
to "be all things to all men," that
sacrifices principles that its candi
dates may win, that so expresses its
policies that they may be inter
preted to fit each occasion or each
class, that attempts to appeal to
self-seeking minorities, cannot, for
long, be a major influence for the
best interests of the nation.
Matthew Quay.
when senator
from Pennsylvania, said that for
every job he bestowed he made 99
enemies and one ingrate. Quay
never overlooked an opportunity to
make enemies and ingrates by the
job-bestowing method.
t
Some represent, management,
some represent labor, but all of us
are consumers—the third, and
most essential, partner in produc
tion, whose interests must be con
sidered first.
-<•»
Poor Man De
Kidnapped
it
BANGKOK
(AP) — Kidnapers
on Bangkok's main , street threw a
Chinese merchant out of their aut- 1
emobike when they learned to their
disgust that the victim didn't have
any money.