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RETIREMENT CONT.
Mrs. RuthHubbard Rumley was re
tired as a result of physical disability.
Mrs. Rumley nas been out of work since
October 16, 1953, with a heart condi
tion whichher physician states requires
long rest periods and very little exer
tion.
Mrs. Rumley has worked in our
Kernersville plant two different times.
Her last employment, as a folder, be
gan in 1946. Had she worked continu
ously since her first employment, her
Profit Sharing benefits would have been
greater.
Louise McCloud, looper. Plant #3,
has been retired due to physical dis
ability. Mrs. McCloud received an in
jury to her right eye when she was in
the second grade and eventually lost
sight in that eye. Despite her handicap,
she learned to loop in 1942, after gradu
ating from William Penn High School.
She quit looping for a while during World
War II and went to Washington, D. C.
Returning to looping in 1945, Mrs. Mc
Cloud worked until last year when her
physicians advised her to stop looping
due to her impairment.
Mrs. McCloud is a daughter of
Neomia Morgan who was a pairer and
inspector at Plant #3 for almost 20
years.
“Nothing is ‘opened by mis
take’ more than the mouth!”
First Capitalist Began Man's Progress
The first capitalist lived about one
million years ago. Primitive though
he was, he had an inkling of the greatest
economic truth there is. Which is that
in order to have more and better things
tomorrow, we must use some of today's
time, energy and materials for the
means of producing them. We must
save.
Our prehistoric man, who began
the tremendous creative process of ca
pital investment, first had to resist the
temptation to devour immediately all
the meat he had killed. This meat - his
savings - he hung to sun-dry by the
mouth of hia cave. So, he was able to
take time out from his regular business
of hunting food. He invested this time
in an idea - a crude spear tipped with
reindeer horn.
With his spear, the Stone Age ca
pitalist far outdid his fellows in killing
game. As a food-producing implement
the spear was capital equipment just as
a steel mill is capital equipment. In
1955 the pattern is the same . We save,
and invest our savings in factories,
tools and processes that create jobs
and goods for our tomorrows.
Some people today say capital
growth will take care of itself, auto
matically. They claim that "purchasing
power" and consumption of goods are
the only important makings of prospe
rity. It is not too far-fetched to liken
members of this school of thought to
cavemen who neglected to make spears
for themselves, even when they had
seen the results.