__^i SUMMEY DM16 COMPMY, MC. PRESCRIPTIONS A SPECIALTY 1*7 Sooth Main Street Telephone No. 9 MOUNT HOLLY, N. C. GREETINGS MASSEY-CLARK CO. DEALERS IN HARDWARE Tel. 16S MT. HOLLY, N. C. ANNIVERSARY GREETINGS HICKORY FLOUR MILLS HICKORY, NORTH CAROLINA HICKORY PRCKIH6 COMPANY Packers of PORK—BEEF—MUTTON HICKORY, N. C. COMPLIMENTS OF A FRIEND HICKORY, N. C. GREETINGS TO LABOR IVEY WEAVERS, Inc. Manufacturers Of FINE COTTON CLOTH HICKORY, N. C. BASIC MATERIALS I RECEIVE PRIORTY OR AMORTIZATION Ninety accelerated tax amorti sation certificates on defense fa cilities coating approximately $291,112,376 were authorized by the Defense production Adminis tration between April 27' andd May 3. The program of rapid tax am ortization benefits, designed to encourage quick expansion of the defense production capacity, be came effective October 30, 1950. Since that date. 1,103 certificates have been issned, the total amount eligible for amortization amount ing to $5,088,939,786. An industry-by-industry sum mary of expansion scheduled un der this program discloses that top priority has been given to pro duction of basic materials such as iron and steel, non-ferrous metals, rubber, fiber glass, ce ment, and lumber. As of April 13, basic material production accounted for 47.2 per cant of all new facilities certified for rapid tax. Industries processing basic ma terials received the second largest dollar share of certifications, and finished product industries ac counted for the third largest group of certifications. DP A pointed out that acceler ated tax amortization for facil ities producing finished products, with the exception of specialized military equipment, will continue to constitute a relatively small volume compared to projects which increase the supply of basic materials for defense production. DPA stated, however, that the rate of certifications for basic materials is declining. On Janu ary 30, three months after tne program was started, the percent age of authorizations for basic * materials was much higher, the scheduled iron and steel expansion accounting for 83 per cent of the total. By April 13, as emphasis shift ed to other programs, the portion going to the iron and steel in dustry had dropped to 40 per cent. IT’S UP TO CONGRESS TO BATTLE INFLATION THROUGH BETTER LAW The people are wondering what Congress is going to do about strengthening the Defense Pro* duction Act.—the law which was supposed to hold down inflation. The Act dies June 30. And with it will die so-called controls oh prices, on charge accounts at the stores and on money bor rowed to build or buy houses. At the same time, the rent con trol law—which is not part of the Defense Production Act—also will expire. About the only thing which the Act has accomplished has been to freeze wage raises to 10 per cent —despite a jump of 22 per cent in corporation profits after the Korean war began—and to allow grain gamblers to run up the cost of food. Trade unionists — whose aver age income is about enough to maintain their families at 1914 living standards—want to know if Congress will plug the tax loopholes i-: control the cost of food at the grocery store and, at the same time, assure farmers a fair price fr their products and pass a strong rent control law. As far back as December the United Labor Policy Commit tee told President Truman that the Defense Production Act "should be promptly amended to accomplish these ends.” The committee represents 16 million organized workers. The worker, the small business-! man and the housewife are watching Capitol Hill to see if their Senators and Representa tives have the courage to ignore the Big Business lobbyists, and the common sense to pass a de cent law that will insure equality of sacrifice coring the defense emergency. PUBLIC SUPPORT FOR PRICE CONTROLS OPS Director Michael V. Di Salle said: “During my service as director of price stablisation, I have learned that the American people generally have a pretty sound knowledge of price controls. “Five years of stabilisation un der OPA educated them to what price controls can really accom plish. We are counting on this public knowledge to give ns the support we need to make price controls a success, to enforce controls with the tscking of pub lic sentiment, to have both the advantages and the burdens of controls shared equitably among all the people.” When yon tee a -Union Shop Card you know the firm which displays it pays Union wares and observes Union worldnr condi tions. Non-Union firms do not display the Shop Card. Look for it! ANNIVERSARY GREETINGS GRIFFIN IMPLEMENT & MILLING COMPANY GIMCO FEEDS MONROE, NORTH CAROLINA ' GREETINGS TO LAROR AMERICAN BANK AND TRUST COMPANY COMPLETE BANKING SERVICE 4 \ MONROE, N. C. COMPLIMENTS PEERLESS SPINNING CORPORATION LOWELL, NORTH CAROLINA BEST WISHES NATIONAL WEAVING COMPJMY LOWELL NORTH CAROLINA vi HOME YOU'LL NEED v Matties Cooler When you think of those stifling Summer months think of th:s fon's circulating 1200 cu. ft. of oir per minute. 29.95 All-Metal Chair Comfortable ribbon steel chair. White frames with seofoam green. Chinese red, or canary yellow. Ideol for the yard or ter roce. 5.95 Durable Mower Mowing your lawn will be o pleas ure with this 16" self-sharpen ing mower. Ball bearing, metal handle. Reg. 22.95. Limited quantity. 14.50 I ' ' r£.■ '• •. ; »#. . , ■ • ' \ Easy Terms Arranged To Suit Your Budget ★ 227 NORTH TRYON STREET [ i E. H. Hines Construction Company, Inc. General Contractors P Reynolds Street Extension Phone 3932 Long Distance 17 Greenwood, South Carolina