Newspapers / Firestone News (Gastonia, N.C.) / April 1, 1960, edition 1 / Page 3
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WARP and FILLING Of The Passing Scene Colorful Stickers n I T 1 X I'romote inausiry Upwards of 50,000 gummed stickers promoting textile prod ucts made in the United States have been distributed within the industry during the past 14 months. The black, red and white stickers proclaim; “What ever you buy in textiles ‘Made in U.S.A.’ gives quality you can trust.” Reasonable quantities of the 1 X lV2-inch stickers are being distributed free by Stowe-Wood ward, Inc., Newton Upper Falls, Mass. Large quantities are of fered at cost, as a public service to the industry. Textile Production Up Last Year The textile industry showed a considerable increase in rate of production during 1959. The American Cotton Manufacturers In stitute said that production of broad-woven cotton goods last year totaled 9,600,000,000 linear yards. In 1958 the figure was 8,973,000,- 000. The 1959 gain was about 7 per cent. Output of fabric of synthetic fibers amounted to about 2,500,- 000,000 yards, compared with 2,348,000,000 yards in 1958. This was close to a gain of 6 per cent. Woolens and worsteds produced last year amounted to more than 300,000,000 yards, some 30,000,000 yards more than the same type of goods loomed in 1958, for a gain of 11 per cent. ☆ ☆ ☆ Free Enterprise Has Its Fruits Senator Hubert H. Humphrey (Dem.-Minn.) wrote an article for the Moscow Daily Izvestia, after he had visited Russia last year. Supporting his theme that the United States does not seek war, he wrote of the enormous economic stake which the American people would risk de stroying in the course of war Tiremakers Share Auto Prosperity Leaders of the automobile maufacturing industry have pre dicted that the normal rate of new car sales will reach 7,500,- 000 a year by 1965. The 7,200,000 sales of the record year of 1955 will be com monplace by 1965. Some indi vidual sales years are expected to show substantially greater totals. In 1955 the domestic auto in dustry built a record 7,920,156 passenger vehicles, and market ed a record 7,169,908 in the United States that same year. The envisioned boom in auto production and sales in the next five years supports the good out look for the tire, automtive ac cessory and related industries. Through tire fabrics and other materials, the textile industry also shares in the ever-broaden ing opportunities of this grow ing market. THE LOOM FIXER . . . A prejudice is a vagrant opin ion without visible means of support. Opportunity usually looks more inviting when it’s going than it does when it’s coming. Tire$ton« APRIL, 1960 with Russia. Some examples he cited: “Three-fourths of American families own their own homes and automobiles ... 95 per cent of our farms are served by elec tricity . . . our country has al most 70 million telephones . . . “The industrial worker has a great interest in the continued existence and prosperity of his factory, and so also do the many millions of Americans who own these factories through the shares they have bought.” The clergy-industry relations department of the National As sociation of Manufacturers com mented; “In view of these re vealing facts it was not sur prising to note that several months after the Senator’s ar ticle was submitted, it remained unpublished, with no announce ment of any future release.” ‘Eyewitness’ Rated Well “Eyewitness to History”, the company-sponsored public serv ice program on television, had been honored with three top awards by mid-March. Near the end of 1959 the program was in cluded in a Look magazine award presented to CBS News for TV coverage of Soviet Premier Khrushchev’s American visit. Recognition was part of Look’s tenth annual top TV se lections, determined by a poll of 370 newspaper TV editors and critics. Most recent honors for the program series were the Syl- vania Award for Distinguished achievement in creative televi sion technique, and the Radio- TV All-American Award for the best public service program of last year. The Sylvania citation recog nized the company’s “responsi bility to bring important, in formative programs to the American public in prime view ing time.” The other award was voted by radio and television critics of the nation’s leading newspapers and magazines. OF THE program series, the most recent “Eyewitness” ac counts reported President Eisen hower’s good-will tour of South America. Before that, it had covered the President’s peace mission to Europe, Asia and Africa. The company’s sponsorship of “Eyewitness” has been history- making, setting precedent for Firestone and the television in dustry. Previously, most tele vision network newscasts had been sustaining — that is, net works gave free time for these programs as public service. For Firestone, the switch from musical programs to reporting of current events was history- making in itself. Although the fields of music and news have little relation, the company has retained in “Eyewitness” the high quality which marked the “Voice of Firestone” for more than 30 years on radio and tele vision. STAYED ON JOB—Firestone Textiles president W. A. Karl (center), congratulates Gastonia Accountant B. J. Magner upon his completion of more than 28 years' service with the company. At left is Herbert H. Wiedenmann, vice president for tire production. Also on hand 4o congratulate Mr. Magner were general manager Harold Mercer and comptroller E. J. Mechem. Accountant Has Long Service B. J. Magner jokingly recalls that the Firestone company bought him along with its first textile mill at Newbury port, Mass., in 1932. This veteran em ployee recently stepped over the threshold into his 29th year of service with the company. Over eight of those years have been spent at Gastonia. A native of Newburyport, Mr. Magner attended schools in that New England coast town, and was graduated from Burdett Business College. His first job was with Dwight Manufacturing Co., the textile concern which was purchased by Firestone. After three years at Newbury port, he was transferred to New Bedford and another of the com pany’s textile mills. After sev eral years he was sent to the Fall River plant. The he was transferred back to New Bed ford for a time, before coming South to Gastonia in 1952. Of his service years, four of them were spent with the army engineers, beginning in 1942. Bound For China A mammoth Firestone Rock Grip Excavator tire swings aboard the SS President Adams in New York harbor. Bound for Hong Kong, this one-ton tire and others like it were destined to roll on giant earthmoving machines which haul loads up to 19 tons in mining and quarrying operations, heavy-duty construc tion work and logging. PAGE 3 ECONOMIC FACTS TEN PILEA.RS of ‘JBread-and-Sutter^ W^isdom 1. Nothing in our material world can come from no where, nor go nowhere; nor can it be free. Everything in our economic life has a source, a destination, and a cost that must be paid. 2. Government is never a source of goods. Everything produced is produced by the people. Everything that government gives to the people, it must first take from the people. 3. The only valuable money that government has to spend is that money taxed or borrowed out of the peo ple’s earnings. When government spends more that it has thus received, the extra unearned money is created “out of thin air”, through the banks. When this is spent it takes on value only by reducing the value of all money, savings and insurance. 4. In today’s exchange economy, all payroll and em ployment come from customers, and the only worth while job security is customer security. If there are no customers, there can be no payroll and no jobs. 5. Customer security can be achieved by the worker only when the worker allows the “boss” to take steps to win and hold customers. Job security is a partnership which thrives in a spirit of mutual understanding. 6. Because wages are the principal cost of everything, widespread wage increases, without corresponding in creases in production, do nothing more than increase the cost of everybody’s living, 7. The greatest good for the greatest number means, in its material sense, the greatest goods for the greatest number. This in turn means the greatest productivity per worker. 8. All productivity is based on; 1) Natural resourses which are processed by 2) human energy—physical and mental—with the help of 3) tools. By tools is meant total company investment of land, buildings and equip ment per worker. 9. Tools are the only one of these factors that man can increase. Tools come into being in a free society only when there is a reward for the temporary self-denial required of people in order to channel part of their earn ings away fom purchases that bring immediate comfort and pleasure, and into tools of production. Proper pay ment for the use of tools is necessary to their creation. 10. Productivity of tools (efficiency of human energy applied in connection with the use of tools) is highest in a competitive society in which the economic decisions are made by millions of progress-seeking individuals, rather in a state-planned society where those deci sions are made by a few all-powerful people—regard less than of how well-meaning, unselfish, sincere, and intelligent those people may be.
Firestone News (Gastonia, N.C.)
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April 1, 1960, edition 1
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