Newspapers / The Franklin Times (Louisburg, … / Nov. 10, 1944, edition 1 / Page 2
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FORECASTING ELECTION RESULTS Babson Discusses Next Four Years By Roger W. Babson Babson Park, Mass., Nov. 10. ? Notwithstanding the results of Tuesday, I now make some pre dictions as to what will hap pen at Washing ton during the next four years. These forecasts assume the Re publicans and Conser vat lve Democrats will combine to con trol Congress. TAXES WILL /BE LOWER BABSON -/Taxes will materially be reduc ed. A reduction in Excess Pro fits Taxes will come shortly after the collapse of Oermany. Most "nuisance" taxes will be elimina ted. Corporation taxes will later be put back nearly to pre-war -figures. Personal income taxes should be reduced; but these will be the last to be lowered. There will be no attempt to balance the budget. This is something to aim for, but it? will be done slowly. Too radical cuts could cause DEFLATION which, at this time, would be worse than INFLATION. The United States will, however, diligently work for a better financial set up for which we all should be thankful. COMING FOREltiN POLICIES Great Britain, Russia, and the United States will combine and hold the peace so long as they re main friends. (China may or may not be admitted to the inner counsels.) How long these threa great nations will remain friends, is anybody's guess. Other na tions will be admitted to some sort of a World Organization; but they will not haveimuch to say. Congress will Aes legislation so that our navy an^^ir force can act ? in emergencies ? without the formal declaration of war. But this is a feeble step toward per manent peace. This can be se cured only as all nations are will ing to give up certain rights a3 to tariffs, immigration restric-( tlons, natural resource monopo lies, etc. I see no sign that the 'in-coming Administration at' ! Washington will do this. 'aid to farmers Both farmers and union labor have had their honeymoons. Both will get less consideration during the next four years. We may, therefore, expect lower farm prices and only a few ? if any ? wage raises. Certainly the TO TAL INCOME of both groups will be much less. The hourly rate for wages may not be cut; but "overtime" will be out the window. We will go back to the forty-hour week. J strongly advise both farmers and wage workers to begin immediate ly to "save up money for a rainy day." It surely is coming. More over, this would1 still be true if ! the election had gone the other way. ^ FREE ENTERPRISE TO BE TESTED Both candidates at heart ' be lieved in "free enterprise" SO LONG AS IT WILL KEEP PEO PLE EMPLOYED. When, how ever, it does not prevent unem ployment the voters surely will demand that something be done. This "something" will be quack remedies contrary to the spirit of free enterprise. Certainly, much will be done for the returning soldiers, sailors and airmen. Some of this aid will be uneconomic and wasteful; but Washington will be driven to it- Such action will help along the Inevitable inflation and some day cause us a lot of trouble. This, however, should not come until around 1950. CONCLUSIONS In short, conditions make Presidents; rather than do Presi dents make conditions. The masses of the entire world are on the march. Neither Roosevelt nor Dewey nor an undecided elec tion can stop them. It la a mis take to try to block them as did Avery of Montgomery-Ward; it is a mistake to cheer them as trave many politicians during the past two months. The wise man will attend to his own business, keep out of debt, educate his children to be useful and wait for these masses to learn their lesson through experience. As to the efTort of the elections on the markets, I expect no more changes than have already occur red. I am bearish on municipals and other high grade bonds; but am still bullish on most well-se lected stocks. I do, however, not like the rails, aircrafts or ship ping stocks for the next four years. American civilians can expect more of the better grades of beef this fall and winter than was pre viously anticipated, says the War Food Administration. TAKE TOUR FERTILIZER NOWB There's a crisis in the making! If stocks pile up in fertilizer plants and agents' ware houses, the stream of supply will choke up. They must move fast or the lack of man-power will cause a para lyzing shortage. Take the Chilean Nitrate situation for example. To supply the quantity needed for 1945 crops, many car goes must be unloaded each month at each port, then moved out by train and truck for immediate allocation. It must move out of agents' hands as fast as it moves in. If not, the choke-up starts and works back to the ports, even back to the ships. Already there t a threatened shortage of nitrogen, due to sharply increased war needs. Unless you help smash the bottle-neck by taking your nitrate as soon as it is offered, the shortage will become acute. Thous ands of tons will pile up at U.S. ports or on the docks in Chile. The only place Chil ean Nitrate does you any good is i on your crops. Get yours how . . . while you can. Storage Tips Pill oil materials on dry boards in barn or th*d. Pile materials separately. Keep piles close tog?th*r. Destroy the bogs whoa yon ose the contents. My Tmt Nrtillnr NOW...Tak? It NOW. ..Star* It Till H'l Nt?*4 ft* ????<? l? pabllthad to tmUt tha War Food Admlntotrmilon (JM ttliU?t loduttrj . , . ta halp you ft ttm Itrtlllt* /on QUIET LIFE FOR BAKERS IN IRAN Camp Mario Pomato, Khurra mabad. Iran ? (Delayed) ? Plank ed by towering mountain peaks which range from 9,000 to 10,000 feet in height, and as isolated from the general life of the com mand as the Island upon which Robinson Crusoe found himself, is this camp, which serves as an other relay station on the Motor Transport route. It is the major relief station for the men and vehicles travel ing* the. toughest stretch of the entire convoy - route ? that be tween here and Andlmeshk. Big Hand For Bakers Here, I found one small detach ment of the all-colored 153rd QM Bakery, which 1b famous throughout the PQC for its flne baking service, working like busy beavers, their bodies bathed in. perspiration from the 150 degree room temperature, and welcome smile oji their faces as big as thy spirit in their hearts, Explained' soft-spoken, middle aged, ex-longsh6reman Samuel M. Anderson, of New Orleans, who serves as the first sergeant, "The small number of our men serving here prompts us to live' like a little faiuHy.'^^, From All Sections Serving with the detachment are Sgt. Joseph Watts, Camden, Ala., T|4 Jesse L. Kendrlck, At lanta, Ga.: Pfc. John H. Pollard, LOUISBURG, N. C.; Pvts. Joe Rogers, Lake Provident, La., and Roy L. Whitaker, Lanett, Ala., all moders; Pfc. A. B. Williams, Hatchechubbe Ala., the ingred ient mixer; T|5s Marion W. Wat kins, Lo'uisville, Ky., and' Paul H. Morgan, Norfolk, Va., both oven mechanics; T|6 Albert Pitts, De catur, Ala., who handled the mix er; Pfc. Wilbur Harmon, Massii lon, Ohio, general utility man, and Pvt. James Warfleld, Detroit, LEGGETT'S Matching Weskit and Skirt Headline Sports News thru Fall ? the beau-brumeml weskit teamed with matching skirt. Mix or match yours for that new look Little Suits are Big Fashion News ? So dependable for busy Fall 'wardrobes. Shetlands, Gabardines. See the entire col lection today. WEST NASH STREET LOUISBURG, N. C. FARMERS ~ LIKE THIS BANK pARMERS need the spe ialized services of a good bank more than any other group of people. Their problems are many and specialized with prac tically no time to deal with them. Whatever por problem, we are confident our staff of executives can solve it for you. Come in and get ac quainted. FIRST ? CITIZENS BANK & TRUST COMPANY Member ^ Federal Deposit Insurance Corporation Corner Main & Nash 8ta. Loniabnrg, N. Carolina Banking Honrs: 9:00 IE to 2:00 P. M. V . . c . . Mich., -who serves invthe bread Issue room. /Stocks of canned evaporated milk held by wholesale grocers on September 30 showed a moderate decline from stosks held on June -30 and were less than halt as large as on September 30, 1943. AT FIRST' M jionofa^^M 1 J C$666 vCoW Preparation* ai-<jiry:l$d> __________ FOR HEALTHY CHILDREN OF ALL AGES Policies are available with an Insurance benefit that takes effect immediately or-at a later specified date, depending on the child's age. Let a New York Life policy help your child to acquire habits of thrift, to accumullate a nest egg and to get the benefit of the lower premium rates for the younger ages. JOHNB. HILL NEW YORK LIFE INSURANCE CO. IURANCE CO. J. Raleigh, North Carolina - Hom/e 4000 708 Oddfellows Building Phones: Office 2-8268 NOTICE! <y * r Our Station will be a pick-up place each Tuesday and Friday for Rocky Mount Tire Recappers 141 Sunset Ave. Rocky Mount, N. C. _ THIS TWICE A WEEK SERVICE TO BE OFFERED BY EDGAR FULLER, FORM ER OPERATOR OF THIS STATION AND HALF OWNER OF THE ROCKY MOUNT PLANT. 9 ? REMEMBER ? To keep rolling we must have our tires recapped when- they need to be. "Come If You Can, Call If You Can't" Fuller's ESSO Service O. P. A. Inspection Station No. 1 Opposite Post Office Tel. SS7-1 Loulsburg, N. O. MR. COTTON FARMER! Why sell your Cotton foi; less than you can get in the Government Loan? YOU CAN GET FROM 22.42 to 34.77 FOR MIDDLING COTTON, AND FROM 21.Q7 TO 28.42 FOR STRICT low Middling cotton. You get full price for your grade and staple in the loan. The better the Cotton the better the price. J. S. Howell Warehouse Garland Greenway, Manager MR. FARMER! There are over 25,000 Farm Bureau Members in North Carolina. s Franklin County farmers have been profiting from tlic strength of the Organization in other Counties. Eastern North Carolina Counties have been is eigned the following membership quotas for 1945: Pitt 3,000 Greene ....1,500 Edgecombe .1,500 Wilson ....1,500 Martin ....1,500 Lenoir ....1,500 Nash 1,500 Franklin . . . 400 Do you believe in Organization! Are you a member! Are you willing to support a farm organization! If so ? JOIN TODAY. Membership duel - $3.00 per year lor man and wife. Franklin County Farm Bureau Walter Fuller, Sjc'y. J. 0. Wilson, Pres.
The Franklin Times (Louisburg, N.C.)
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Nov. 10, 1944, edition 1
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