Chatham
'•^.WINSTON
Blanketeer
Vol. 4
JUNE 8, 1937
No. 10
NOTED ECONOMIST
WINSTON VISITOR
Roger Babson Predicts Period of
Plenty; Says Wages and Living
Costs Will Continue Upward
By BILL SHARPE
Take Roger Babson’s word for
it:
Business generally will continue
to improve for the next year.
Bonds will go no higher.
The current stock marKet re
cession is healthy and temporary.
The South will find its new
newsprint industry a bonanza.
Roosevelt will rule the country
so long as the average man
thrives.
Wages and cost of living will
continue to climb.
The so-called business cycle is
not inevitable.
Commodities will continue in a
bull market for some time.
But, warned the noted econom
ist and statistician of Babson Park
Mass., these predictions are good
only for the immediate future.
No one, he told the Sentinel to
day, can forecast two years
ahead.
In Winston-Salem on his way
from Elon College where he de
livered the commencement ad
dress yesterday, Babson discuss
ed with animated interest the
problems with which the country
teems today. A mild, scholarly
man, with a goatee which is usu
ally associated with legendary
Kentucky colonels, the economist
displayed keen interest in the
South and its future.
“One of the best buys now is
good Southern farmlands,” he
stated confidently. “Agriculture is
developing amazingly — it no
longer is a way of feeding man
kind. The newsprint industry, for
instance, will mean much to far
mers, for it has been discovered
that slash pine can be raised and
harvested like a long-time crop.
Agriculture is going to be the
backbone of industry soon, sup
plying factories and mills with
raw material for all kinds of ar
ticles.”
Though still denying the role
of long-range prophet, Babson
stoutly denies the theory of busi
ness cycles. “Depression may
come again,” he said. “But it is
unnecessary. As I see it, depres
sion comes when mankind stops
pulling the cart and gets in and
rides. Finally, everyone is riding
and no one is pushing, and the
Noted Economist Visits Winston
(Continued on page eight)
m
Pictured above are Mr, Thurmond Chatham, president of the
Chatham Manufacturing Co., and Roger Babson, noted economist
and statistician of Babson Park, Mass., who stopped over in Winston-
Salem from Elen College, where he had delivered an address. Mr.
Babson was introduced at Elon by Mr. Chatham.
BANQUET PROVES
VERY SUCCESSFUL
Employer-Employee Event Spon
sored By Lucy Hanes Chatham
Club Held On May 28th
By T. A. REDMON
“It was tops—one of the best
parties ever and we wish there
could be more of them.” Of
course, we’re talking about the
Employer-Employee Banquet and
dance, sponsored by the Lucy
Hanes Chatham Club and held
at the Forsyth Country Club, Fri
day night, May 28th.
(Continued on page eight)
WINSTON GIRL IS
HIGHLY HONORED
ONE OF BEST
PARTIES HELD
Lucy Hanes Chatham Club’s
Employer - Employee Banquet
Highly Enjoyed By Everyone
Attends Washington Safety Patrol
School As Only Girl Member
of Winston-Salem Delegation
Honors were accorded to Win
ston-Salem at the National School
Safety Patrol parade in Washing
ton, D. C., Friday when Nina Mae
Franklin, representative of the
North Elementary patrol, and the
only girl in the local delegation,
was chosen as one of five repre
sentatives from ten thousand who
paraded in the national capital to
(Continued on page two)
The Lucy Hanes Chatham Club,
of the Chatham Manufacturing
Company, sponsored its annual
Employers - Employees banquet
Friday evening at 7 o’clock at the
Country Club, at a very beautiful
and unique party, carrying out
artistically the twelve months of
the year in the decorations and
entertainment.
January’s table had for its
centerpiece a world map with a
Kewpie doll holding in its hands
vari-colored ribbons which ex
tended to the plates of the guests,
ending in a brown leaf on which
was written the name of the
guest. Across the chest of the
Kewpie was a broad ribbon on
which was written the figures,
1937. Favors were tiny clock pen
cil trimmers.
February was represented by St.
Valentine, and the table was
adorned with red roses and snap
dragons. The favors were heart-
shaped programs and nut cups.
Little Barbara Ann Benson, love
ly daughter of Mr. and Mrs. J. W.
L. Benson, the former being chief
plant engineer, presented an at
tractive doll dance.
March was, of course, St. Pat
rick’s Day, and the program was
a shamrock leaf, with peace pipes
for favors, and Norman McGee
sang an Irish song, as his contri
bution to the day. April represent
ed the Easter Season, with a cen
terpiece of two bunnies and a
nest of eggs. The programs were
purple in color and favors were
nut-cups.
May had for its table center
piece a May Pole, with colorful
ribbons extending from the pole
to the places of the guests, where
each was fastened to a May bask-
et-hat bearing the place card.
June was the bride’s table, with a
centerpiece of baby breath, white
and yellow snapdragons in a large
bowl resting on a mirror plaque.
A wedding scene was featured,
with the bridegroom holding the
place cards. Mr. McGhee sang
“Ah, Sweet Mystery of Life.”
July was the speakers’ table,
decorated in red, white and blue,
with a centerpiece of red and
white roses, blue larkspur, blue
and white cornflower and blue
candles in crystal holders. At each
place was a small cannon to which
(Continued on page seven)