PAGE TWO
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I Three Fs
PERSONAL AND
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Dear Three P’s:
It seems to this writer that;
there is a great deal of eye
wash and hog-wash handed out;
right and left by political lead-,
ders primarily to create criti-|
cism of both parties for politi-l
cal purposes. There is no di-!
rect statement of principles as
to our foreign debt, or foreign
credits which could wipe out
our gold reserve, our tremen-j
dous federal debt, undeserved,
increases for federal employees.!
foreign aid. Also every labor;
dispute results in increases in|
wages as well as fringe benefits
which results in higher costs
to the consumer and more and
more inflation. One of the
basic problems is labor and
management. What is your
opinion?
—Frustio
Dear Frustio:
You raise many questions in
your letter which cannot be
answered in the space allotted
to this column. Each question
stop itching:
IN IS MINUTES.
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you haw raised rauH ha a subj
ect for a separate reply. How
ever, this column will briefly
discuss one of the fundamen
tal economic problems which!
all politicians avoid, and that
' problem is one of labor and[
[ management.
; At the expiration of every!
I labor contract, negotiation® ate!
| started for further increases inj
j wages and additional fringe',
i,benefits. No one raises the
| question as to whether the exist-
I ing wages and fringe benefits
are more thaw the jobs ares
worth. Labor demands vast in- 1
creases, more than they expect!
1 ; to receive, but they understand*
■ | that in arbitration and in settle-
I I ment of these disputes they will
*1 get a gread deal loss than their
■! demands. These continual in-l
■ creases, without a study a® to’
*'what a job is north, increases,
s |the cost to manufacturers who«
t use the raw materials, an in- 9
1 crease in the eventual cost to
' i the consumer and further iw
flat ion. which means less pur
•i chasing power of the consumer's
r , dollar Politicians run away
V from any study of what is aj
5 fair salary or wage for a given;
? job Arbitrators have never
* said no to labor: they only seefei
' a compromise between what la
-1 bor demands and what warn
r agement will concede. So the,
arbitrators come up with a cent-;
promise favorable to labor.!
This column believes that that
i time has come when arbitrators!
e and others having to do with
1 the settlement of labor dispute®!
t should study the jobs and decide
“ if what labor receives, with the,
fringe benefits, is not a fair
wage for the work performed.,
J If such a study were ma<h- itj
' would probably show that in aj
- great many instances labor be-!
r ceives more than they justly)
deserve. If such a dectsion;
weie reached then labor would!
have the right to seek othcrl
work or go into business fori
themselves to earn the moweyij
they want without regard tot
! work performed. That is the j
I problem which we will event-1J
: ually have to faee if w are to
j stop inflation and maintain a
I fair purchasing value of the'
| dollar.
Management definitely can be
i justly criticized in many ways
j and will have To face a critical '
j study of their control of mdus-'
| try and management. One pnob
| lem is excessive salaries paid
jto executives and members of
[ boards of directors. Stockbofd- 1 '
j ers never exercise a voice in
I management: the policies and!
salaries are determined bv the'
executive officers. The claim is')
that management has to pay,
exti-emely high salaries to at-|
j tract the men they need to op-’
crate the business. There is a
I limit, however, to the high sal
aries that industry' should pay
for these so-called high price
executives.
In addition to the high salar
ies management has extremely
generous expense accounts: aw- •
tomobiles in the name of the;
.company but primarily used by
executives for their own use bwt.,|
i the expenses are charged to the
j corporations; maintenance of
i yachts for entertaining and for
the pleasure of the executives.”
j many memberships in swank
i clubs charged to company ex-,,
penses: the renting of exclus-j
jive hideaways where high grade
i entertainment is furnished at
j the expense of the company.
1 Then there ate great big fat,
t ' pensions, more than enough to
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WHERE IT BEGAN—For John F. Kennedy life began on May
2k ISII, in this frame house on Beals St., Brookline, Mass.
He father, Joseph P. Kennedy, borrowed the down payment on
ttw 5*,500 home, which today is owned by Mrs. Louis Pollack.
wtaiinitaiiua a generous living t
standard; stock options to buy
■ vontpany' stock issued at low
■i| pxrkvs or below the market
■, value which executives can ex
■:!ercbse at any time. If the stock
J goes up beyond the option price
t the executives can buy or exer
;jj vise the option, and sell at a
i great profit to themselves on
;| a capital gains basis rather than
■. on an income basis. Then as
•; ter retirement many executives
are given a large sum of mon-
Jley, in addition to pensions, to
ijaet in a consulting basis to the
j <o*mpany. but they are seldom
■I called upon. In all and all,
I(the executives reap a rich har-
I" vest and most of the expense j
money charged to the compan
ies thuds its way into the poc
kets off the executives. Their
jjdfy is that they are indispensa-
J ble to industry and good men
Jare hard to find, you always
ijget the other kind unless you
i pay high salaries: have generous
*nd brand expense accounts,
' pay for memberships in swank
; j clubs and are given large pen
j sions and targe' payments for
1 consultation after retirement.
The problem is one of labor 'i
’ha ving to face the realities of|
I life as well as management.
They* will have to come down
;?o earth iff we are to> control
, infflxtsw* and the average person
lis given a chance to live with-!
; nt tuns Mtcorne without going too
tntuch into debt. Politicians will j
i trun away front this problem but,
eventually* it will have to be!
.js>oßvvd in one way or another, 1
itfcv it is the ultimate consumer!
' that pavs the bill and he is f
reaching his limit. Prices! to,
■ consumers will have to be re-!
duccd or controlled if we are;
ito control inflation.
1 Three PV
We have three very fine,
•children but the older boy. ini
high school, ia» getting out ofj
hand, ■ cspeeiafN- during the!
1 summer when school is over, j
We give him a generous allow- j
ance, he uses the automobile:
'whenever he feels like it. sits
'around the house doing nothing;
until a friend calls up and;
, they arc* otff w ithout letting us
1 know* Is there any thing we
'can do to bring him to a sensei
off responsibility,
—Ruth M. |
Your problem is a common
i one these days where youth!
£23 SZSALD. EDSSTCdf; £9081% CAROLINA. TKUSSDAT, AUGUST 11, lit*.
— - - -
j takes a great deal for granted
and expects a generous allow
ance without definite responsi
bility to the family. There was
i a time when youngsters were
definitely part of the family
life and assumed some of the
i duties of the household. In the
i time of coal furnaces the son
was supposed to stoke the fur
nace and take out the ashes as
well as the garbage. He also
performed other duties around
the house and he felt that he
was a part of the family as a
result. Today, youth, in gen
eral, and there are exceptions,
feels that they should not have
any responsibility and do noth
ing to earn their allowances.
My advice to you would be to
establish a program where your
son would assume regular du
ties and would not receive any
allowance unless these duties
were performed. With all of thei
wealth of the Rockefellers they
had definite responsibilities and
a very small allowance. In fact
one or two helped wait on ta
bles while in college.
Weekly Devotional |j
Column
By JAMES Mae&ENZfB I
4
“After a long time the Lord
(Greek: KURIOS) of thpse serv
ants cometh and reckoneth with
them.” (Matthew 25:19).
The Greek word KURIOS,
translated Lord in the New Tes
tament is the word used of a
slave owner and signifies owner- i
ship of another, body, soul, spir
it and possessions.
Too often we forget that Jesus
demands yieldedness of posses
sions as well as of intellect and
outward living, and to many 1
this is the most difficult sur
render of the Christian life.
The rich young ruler stood well
the test of yielding his 1- intellect
I unc^,his outwaijcl life to Christ,
but was unwilling to give up his
possessions and trust Christ also
; tor the material things of life.
Someone has said that per
sonal religion should be “purse
and-all” religion. One-third of
ithe parables of Jesus deal with
'a man and his possessions.
Whether we approve of churches
and ministers who talk always
lof money, we must admit that
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WHERE IT BEGAN—For Richard Nixon it started on Jan. 9,
1913, in this frame house at Yorba Linda, Caltff. Perched on
a knoll above an irrigation ditch bordering a lemon gfo* e > lb*
dwelling was built by Nixon’s father. The town purchased tha
birth home as a historical site. The Vice President is shown
speaking at the dedication last year.
Jesus spoke more about money
than anything else.' The use we
make of our money speaks to
others of the condition of our
hearts, for “where a man’s
treasure is, there will his heart
be also.”
GOLD!
Dug from the mountainside,
washed in the gien,
Servant am I, or the master of
men!
Earn me I bless you; steal me, I
curse you!
Hold me and grasp me,
A fiend will possess you!
Lave for me, die for me, covet
me, take me,
Angel or demon, I am what you
make me!
Too many, I fear, are pos
sessed by their possessions. They
are controlled by their money,
rather than control it. They
Schenley Golden Agfe.Qin
94 Proof. ,*3~ 4 /sqL *2» pt
Distilled from 100% Grain Neutral Spirits* ScherSey Distillers Co., N.Y.C,
(live to get, not to give. They
.are so concerned with the here
and now, with laying up treas
ures for themselves here on
earth, they have no wealth in
vested in eternal things. As
someone has said, “You can’t
take it with you! But you CAN
send it on ahead.”
For what do you live!
For what you get,
Or what you give?
Which is the dynamo
That makes you go,
Get or give?
Get from the world its treasure—
Knowledge, friends and health;
Heap to the full your measure—
God and good and wealth—
But—get to give.
Don’t be a miser,
A slave to your gold,
diving is wiser,
A hundredfold.
Then-
Get and give.
Get we must if we would give;
Give we must if we would live;
For—getting without giving
is existing, not living;
Hiefe-* it.
Get and give and live!
Contagious Cancer
Found In Chickens
Contagious cancer has been
found in chickens, cancer caused
by a virus.
The findings of USDA scien
tists at a U. S. Regional Poultry
Laboratory in Michigan strength
en the belief that viruses cause
some kkjds of animal and hu
man cancers.
“RousVysarcoma” is the name
of the* cfcncer. It had been
thought'nOn-contagious until Dr.
B. R. Burrnester of USDA’s Ag
ricultural * Research Service
proved it could be transmitted
by direct contact between birds.
The fact th«t one virus is
contagious suggests that others
may prove so. And Dr. Bru
mester’s r experiments indicate
that the , contagiousness of the
disease may depend largely on
the virulence of the virus and
the health condition of the bird
that catches it.
In one test, 35 or 45 healthy
birds raised in direct contact
with virus-innoculated birds died
of Rous sarcoma.
But when healthy birds were
put in indirect contact with
innoculated birls (separated by
wife-mesh screen), none of the
untreated chickens died.
a I
*'■*
Colonial Motor Co., of Eden ton, Inc.
v Dealer's License -No. 1263
EDENTON. K-t.
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The experiments show that
the virus can enter a bird's
body through a feather follicle
and cause tumors. Much moro
information is needed on other
means of transmission.
Mrs. Lena Williams
Dies In Hospital
Mrs. Lena P. Williams, tt, of
the Tyner section, died in Cho
wan Hospital Wednesday after
noon of last week at 3 o'clock
after an illness of three weeks.
Surviving are her husband,
W. E. Williams; three sons, Nur
ney WiHiams of Suffolk and
Clyde and Elbert Williams of
Tyner; two daughters, Mrs. B. S.
Bunch 1 of Newport News and
Mrs. L. W. Whitley of Suffolk;
a brother, Nathan Perry of
Florida and one grandchild.
She was a native of Chowan
County and a • member of the
Rocky Hock Baptist Church.
Funeral services were held at
Williford Funeral Home Friday
afternoon at 3 o’clock. The
Rev. Lamar Senteli, pastor at
Ballard’s Bridge Baptist Church,
officiated and burial was in
the family cemetery at Sign
Pine. '
are you “ rr ‘ rr i
A MEDICAL COWARD?
Do you shy away from an
annual physical checkup? Do
you think you are saving mon
ey, pain or embarrassment by
postponing it. when actually you
may be gambling with your
life? Read some case histories
of people who do. Don’t miss
“Are You A Medical Coward?*
in the August H issue of the
American Weekly with the
BALTIMORE AMERICAN
on sale at your local new ideals*