I Vil
PAGE TWELVE
THE BEAUFORT NEWS THURSDAY, OCTOBER 10, 1935,
SHORTSIGHTED LABOR LEADERS ARE
RETARDING EMPLOYMENT SITUATION
Giving Textile Industry as Case
History Roger W. Babson
Says It Is Easy to Find Situa
tions Where Labor Leaders
Have Overshot The Mark
And Have Pushed Employ
ers to the Wall, Thus "Kill
ing The Goose That Laid
Golden Egg.
Babson Park, Mass. Oct. 10 Labor
leaders, many of whom are now as
sembled at Atlantic City for the an
nual convention of the A. F. of L., I
are in a more strategic position to
day than ever before in history. Con
gress gave them tremendous powers
in the Wagner Labor Act, but unfor
tunately did not impose upon them
equally grave responsibilities. I feel
very strongly that thi3 was a vital
mistake and that it will lead to great
trouble between employers, and work
ers. In the long run it will react to
the detriment of labor.
Labor Leaden Shortsighted
I have aldays been in sympathy
with the aims of labor unions to
improve working conditions, to short
en hours, and to distribute more ev
enly the profits of American indus-
try. I feel, however, that the unions
have often been misguided by selfish
leaders just as businesses have been
ties. The Panama Canal affords
cheap shipping facilities to the mark
ets of the East, thus effectively eras
ing the mountain barrier. The Pacif
ic States, whose population is the
- ,most rapidly growing in the country,
vent the loss of New England s bus- have a wonderful industrial future,
iness to non-union states. A drive The farming sections of the country
through New England today will con-Wjii probably remain primarily agri
vince doubtful readers of the hollow 'cultural, as they should,
victory won by labor. In town after There is a real lesson in this shift
town "For Rent" and "For Sale" j0f American industry to non-union
signs are plastered all over once pros- sections. Every time that the people
perous cotton mills. Just now there is of those communities congratulate
a little spurt in textile activity, but themselves on the steady growth of
within the last year alone several of j their industries, they should recall
the oldest mills in New England have: this lesson. Let them remember
shut their doors forever. Some havejvvhat happened when selfish labor
liquidated; others have moved part Readers and shortsighted politicians
and parcel to sections where unions got the unner hand in New Rncrl-rM
do not have a stranglehold on indus-, Wise labor leaders, as they wield the
try.. tremendous
The NRA, through its
wage provisions, temporarily checked
nnnruva Hi a J A. I.
minimum "rougVne Wagner Act, will profit
num iew n.ngianas misfortunes.
Tl ' l .
the drift of industry to non-union :; "cf, "n usVne,r wisely
sections; but since the death of the i?r theJlr for labor 's bene-
RW V.a,U tVm m;mt;nn ct,.,. anu Ior lne nation's good; or
anew. Of course, the supply of labor tHjey USe th'r powers selfishly to
is also a factor in pulling industry ;theRdetnment of , t
into new territories. Although unfor- Business, as estimated by the Bab
tunate from a social standpoint, nev-, onch, thought 22 per cent below
ertheless, labor is a commodity. Its "omal 13 15 per cent above a year
Tiri,. -n,ar,ae lo .iln,t 1,,. l, T. aff
of Supply and Demand just as is
the price of cotton and leather. Ev
entually, the increase in demand for
workers, plus the growing strength
of labor groups in non-union dis
tricts, will undermine industry in
other sections just as it has in New
Martin Features
New Fall Frocks
PUBLIC CONFIDENCE
CONTINUES TO GAIN
Bankers Report Nation-Wide
Improvement in Attitude To
ward Banks Educational
Campaigns Play a Part
NEW YORK. Ninety -six per cent
of over 300 reporting clearinghouses
throughout the United States flnjl con
crete evidence of favorable turns in
public opinion regarding banks, It Is
shown In the results of a survey made
by "Bankfcg," the monthly publication
of the American Bankers Association.
City and country districts In every state
are represented, it Is pointed out
"The outstanding conclusion Is that
there has been a genuine nation-wide
improvement the last few months In
the attitude of the public toward Its
banking Institutions," the publication
says. Statistical evidence on which the
bankers base their conclusions which
warrant this statement Is as follows:
jn me geuerai cusincs3 situation, tne j Over 70 per cent of Forsyth's
weeding out of weak banks and the tobacco .farmers have signed and
banking moratorium. the new adjustment contracts, and
"The response to the survey can be iothers are sgmng as they call for
put down as encouraging and Informs marketi cards
tlve," the magazine concludes. "It no.i j
out the definite hope that with a con j .
tlnuance of a cooperative, educational
attitude on the part of the bankers th- j
rest of the Journey back to normal ma
well be completed In the not too dls
tant future."
BANKERS SUPPORT ACTIVE
AGRICULTURAL COMMISSION
I Women seeking stylish Autumn
operated by inefficient nad dishonest B finding same at the Thrift Sale now
employers. It is difficult to say indef- The migration of American indus- lacing featured by E. D. Martin and
initely which of these two evils has try to non-union districts is also due'ComPanv on Fl'nt Street. Ha has
done the most harm to American bus- t0 two other factors: (1) the slowidozen9 of stvles for wise women to
iness in tne last nity years. It is
easy, however, to find situations
where the labor leaders have over
shot the mark and have pushed em
ployers to the wall, thus "killing the
goose that laid the golden egg."
Take the industrial history of New
England over the last fifty years as
an example. Around the turn of the
century New England led the world
in the manufacture of fine textiles
and shoes. At that time the labor
movement was just getting under
way. The campaign had tremendous
power for a "New Deal" in working
conaiuons was certainly overdue.
Great victories were won. Hours were
shortened; social welfare legislation
was pushed through; wage rates were
boosted; nd other rights were rec
ognized. The movement, however,
went too far, too fast.
Textile Industry A Caae History
All these concessions higher wag
es, shorter hours, social legislation
(through increased taxes) inevita
bly boost the cost of production. In
font- ninJi..i: i .
' jj'uuutuun costs jumped so
movement of the center nf nnmrfa-1 select Irom and many people are
tion and other "economic" centers : learning that in his establishment a
westward, carrvin? with thorn 'person can get, during this Thrift
larger share of the consumer market ! Sa,e two frocks of high grade mater
and (2) the growing importance of ijal for the same or less than one costs
the automobile trade. The latter in-,,n some 01 ine otner stores,
dustry, of no importance twenty But frocks are not all that Mr. and
years ago, is now one of the leading Mrs Martin feature in their firm,
industrial activities of the nation. It They have a complete new line of
has become the principal customer of .millinery, recently purchased in New
steel, glass, rubber and other indus- York City, and more and more wom-
tries. Eventually, Alabama due toen are saying as they display their
many reasons may lead the United new hat that "It came from Mar-
States from the standpoint of indus- tin's. " In addition to hats and frocks
trial output. But this is a lomr wavlMr. and Mrs. Martin are showintr the
off. Before it hannpns the mmetmn i newest stvles in footwear. Autumn I
of labor efficiency will locate indus.
tries.
History Repeats Itself
suits, silken underthings, blankets
sheetings and many other interesting
and low priced bargains of high qual
The above table does not tell a!ity. The wise women will take a look-
complete story. It does not include iln at Martin's Thrift sale now in Droir
bucn activities as lumbering, petro- ress tneir store on Front Street
leum extraction, and cotton handling,
which are very important to certain
sections. Tho toKlo Ann u. i
- wuiv uuca. in WHVtir
snow tnat since 1914 the Pacific
Coast has made rapid progress. Reas
ons ior her industrial gains are great
flVl a T1 TT Wrt 1AAA 1 4 -t i-v . .
'T U""BU t "U" ana xyst tt natural resources, wonderful climate.
not even Yankee ingenuity could pre- and extension of transportation facil-
A HUGE BANKING SYSTEM
r
Ford-Powered Boat Wins 225-Inch
Worlds Championship
The latest official figures covering
all banks in the United States show
that there are 16,042 licensed banking
institutions of every kind and that over
63,000,000 persons have entrusted them
with their deposits to the amount of
144,800,000,000.
Mecklenburg farmers say that ex
cept for the difficulty of keeping the
walls of their trench silos smooth, the
silos are functioning nicely with lit
tle spoilage of the ensilage.
The Evidence
"How do bankers know there has
been an improvement In the public at
titude? They havo certain statistical
evidence. They have seen their deposits
Increase substantially in nearly all the
cases reported, and tremendously In
some cases. Many letters tell of In
creases of 100 to 300 per cent from the
low point of the panic.
"For another thing, they know that
fewer people are using safe deposit
boxes as a repository for their savings,
and that. In many Instances at least,
postal savings are declining.
"However, many express the view
that they could throw out the statis
tical evidence and still realize that the
public Is in a better mood where the
banks are concerned than before. The
best evidence offered on this point,
numerous bankers say, Is to be found
in the acceptance by the public of the
newly Instituted service charges and
the reduced deposit Interest rates."
A Summary of the Returns
The statement presents the following
summary of the survey:
"We find on breaking up the general
classifications of replies to the poll that
the 65 per cent of those answering with
an unqualified 'yes' represent only a
partial measure of the optimistic feel
ing. Adding the favorable replies In
cluded in other groups, (i. e. 'yes' with
qualifications, 'no change,' and 'mixed')
we find that the vote shows a definitely
healthy situation In 84 per cent of the
localities reporting; at least some
signs of improvement In another 12 per
cent; a continuance of unfavorable con
ditions In 2 per cent, and a change for
the worse In another 2 per cent. It Is
not too much to say that this is sub
stantially 96 per cent favorable." -
Reasons for Changed Public Opinion
As to reasons for the changes in pub
lic opinion regarding banks reported by
the clearinghouses "more than one or
ganlzatlon has a word to say about the
American Bankers Association adver
tising and educational material," th
magazine says.
It mentions In addition the beus.T..
of the Federal Deposit Insurance Cor;i
oration In the emergency, lraprovemo:'
i Topi Harold Wi'son of Ingersoll
and -orna Reid or Toronto in Miss
Canada IV, winner ct 1 i35 225-incn
Class races. Wilson also won 1934
races in Miss Canada III. Hulls
were designed by John U. Haeker
of Sajinaw, Mich. Center)Ford
racing engine showing two carbu
retors and Bohnalite cylinder head
used In the winner, Miss Canada
IV.) (Right) Davl 1 E. Anderson.
Cohn engineer, who converted the Ford V-8 engine for racing purposes
. "i-i w to wmcn is exceptional
JTTt.K Miss Canada IV, wmca,
won the world's 225-class pow-i
rboat championship at Toronto
last week, driven by Harold Wilaoa I
ot Ingersoll. partnered with lorna '
Kern of Toronto, was equipped with
a Ford V-s engine adapted by Bobn
engineers for marine racing pur
poses. This sensational boat accu
mulated enough points with clear
wins in the first two beats ot tns
nee to practically clmcu tne Cham
i'lonship. Driving conservatively in the ft
' heat. Wilson clung to' the stern
"t Ur. C. H. liatley's VVllmer ill in
place eiisily ahead o! Hopatco.-ig
Hhy m the fastest time ever re
corded in any heat over the exhibi
tion course. Little Miss Canada IV
averaged nearly 4S miles an hour
for the lu mlie course.
David E. Anderson, Chiet Kngi
neer of the Bonn Aluminum and
Brass Corporation, under whose di
rection the Ford V-8 engine was
prepared tor the race, states, this
race Is a real test o! fpee.i and
Umiina. The first two nsn ;..-,ru
cularly were In exceptionally rough
water. Infallibility of the engine
was paramount in winning tho
It was a clear demonstration of the
value oi the V-S principle for high
speed, heavy-duty work.
"In adapting this engine to the
purpose we did not have to make
many radical departures from stan
dard Ford practice. The compres
sion was raised and the timing al
tered. The special Bohnalite cylin
der head was identical with thn
standard type except for the form
01 tho combustion chamber r.
quired with the higher compression.
The iiohn auto-therrnic aluminum
pistons were employed. As a result
of these changes 'the engine devel
oped 140 horsepower, which is ex
ceptional output lur 221 cubic
Inches.
"This boat race was one of the
most sensational ever held In con
nection with this event and motor
boat experts are acclaiming the un
faltering Derformanr-
and skillful drlvine bV WlIeAn a m
, being responsible for winning this
i championship."
Florence, backed by 63 years experience, offers a new
line of Pot-Type Heaters. The Florence improved
Pot-Type Oil Burner is efficient and noiseless.
Now you can have a quiet, dependable Florence Pot
Type Oil-burning Heater in either Circulating or Rad
iant types.
Come in and see these beautiful new models. Easy
terms prompt deliveries.
CARTERET HARDWARE COMPANY
Incorporated
BEAUFORT, N. C.
The Agricultural Commission of the
American Bankers Association Is pro
moting widely among bankers the prac
tice of aiding their farm customers In
installing on their furms better flnan
clal, accountins and operating methods.
It also cooperates in the endeavors of
the state bankers' associations along
similar line;.
The com mission has published a
book on "Making farm Investments
Safe," presenting a compendium of
helpful material published over a pe
riod of years as a reference guide In
the dally routine of banking and farm
Ing relationships. It has also published
"Factoi'3 Affecting Farm Credit," dis
cussing in an illustrative way how farm
credit can be obtained on a sound basis.
Another publication Is the monthly
Bulletin of the commission which cir
culates to about 10.000 persons, among
them the county agents throughout thr
United States, who make frequent list
of the material and suggestions pre
pared by the commission. Likewise, tin
commission has appointed 2,300 ke
bankers covering every county In tht
United States, who act as focal points
in their districts in fostering better
understanding between bankers and
farmers.
mmmmmm wmmm mull" ww
R. L. Stowe of Belmont is Gaston
bounty has planted some 20,000
eedlings in a valuable forestry dem
instration on his farm. He began
planting nine years ago.
WIDMER'S
Widmer's Vineyards at Naples,
New York, are in the heart o( the
famous ringer Lakes section
and are unsurpassed (or the quality
and variety ol wine grapes. Since
1888, Widmer Sas been making
America's finest wines, equalling,
if not excelling the best imported
brands.
Port, Sherry, Tokay, Muv
caiel. Brandied Wine.
A Haut Sauterne, Dry Sau-
terene, Claret, Sparkling
Burgandy, White Gold
AMERICA'S FINEST WINESI
Ahry Im Good 7We
. . . Since 44M
FOUR REASONS WHY YOU FIND
Bigger Savings Here
No. 1
Sale of Quality
SOUTHERvlANOR CANNED FOODS
j v.-XWHWKWW.vx-X'XW'-'v.v. mmmmmmmt I "' ' i
" " v at . y
i : "Af k
Lv f h II
liZiggM l y ? Til
wTi Sit Iff If
I I A m i I i I I I I I U I I III
All Green
ASPARAGUS-
No. 2 can
21c
Sliced Hawaiian
PINEAPPLE 2 No-2 caM 33c
Asparagus Style
STRINGLESS BEANS No-2 can 15c
White Corn, No. 2 can 10c
Bartlett Pears, can . tol! 21c
Tomato Catsup, 2 bottles 25c
Lima Beans, No. 2 can 17c
No. 2
Sale of Invigorating
PENDER'S COFFEES
D. P. Blend, lb. igc
Yellow Front, lb. 17C
Golden Blend, lb. 15c
No. 3 .
Sale of Popular
COLONIAL CANNED FOODS
Sifted Early
JUNE PEAS No 2 Can 10c
Pure
TOMATO JUICE 6 10 25c
Colonial Pure Phosphate
BAKING POWDER 1 lb-can 15c
Tasty Mackerel, 2 cans . 15c
Cut Beets, 2 cans 25c
Sauer Kraut, large can . . .... 10c
Apple Sauce, No. 2 can ...... 10c
No. 4 ....... . . .
Sale of Plain or Self Rising
D P FLOUR
12 lb Bag 24 lb. Bag
49c 97c
None Better At Any Price "