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THE PERQWMANSWEESXY, HERTFORD, N. C, FEIPAVJFEBRUARY 15, 1M6
PAGE THREE
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a.
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By HUGO S. SIM Waatofton Ccmposrft
:Hi CO. REJECTS
JUAN'S COMPROMISE
Th PriMnt of the United States
Jut out tht a steel strike will af
. xt ewry major industry, hamper the
conversion effort and stall attempts
utabUsh a sound economy and that
j repercussions will be felt all over
j country and for a long time to
Mf Troman, in his statement, points
out that the United States Steel Cor
poration refused to accept the com
promise proposed by hir although it
had been accepted by the officers of
the United Steel Workers of America.
Here are the facts as released by the
President:
' The workers originally asked for
an increase of twenty-five cents per
hour and the company offered twelve
and one-half cents. Subsequently, the
Workers came down to nineteen and
one-half cents per hour and the steel
company moved up to fifteen cents per
hour. Thereafter, no progress was
made. The President suggested eigh
teen and one-half cents per hour in
crease as "fair."
Benjamin S. Fairies, President of
the United States Steel Corporation,
maintains that since January, 1941,
the average straight-time hourly pay,
without overtime, of the steel workers
increased more than the thirty-three
per cent increase in the cost of living
during that period. He says that
under the fifteen cent increase, the
average weekly take-home pay for a
forty-hour week would be $51.60, with
out overtime, and that this is only
$4.64 less than average weekly earn
ings, including overtime, of the last
full war year of 1944.
Phillip Murray, head of the Steel
Workers Union, discussing wages
savs that in April 1945, average week
ly earnings of steel workers were
$56.32, that average hourly earnings
in October, 1945, were $1,087 and
that on a forty-hour week, earnings
would be only $43.48. This, he main
tains, shows a slash, since April, 1946,
of $12.84.
We are not able to reconcile the
MONTHLY INSTALLMENT LOANS
YOU CAN BORROW MONEY AT THIS BANK FOR
SEASONAL CROP PURPOSES ... OR FINANCING
ts THE PURCHASES OF
Automobiles - Electric Stoves
Electric Refrigerators - Taxes
Doctor's Bills - Hospital Bills
Vacation Trips and other items
We make Real Estate loans. Loans secured by collateral
and endorsement loans.
Before borrowing for any of the above purposes, consult
the officers of this bank.
We are glad to be of every service that conservative bank
ing will permit. Loans are made to borrower at minimum costs.
THE HERTFORD BANKING COMPANY
Member F. D. I. C. Hertford, N. C.
ANNOUNCING... - -
THE OPENING OF
KEEL'S SHOE REPAIR SHOP
On Grubb Street, opposite the Telephone Of
fice Building.
SKILLED WORKMANSHIP
SATISFACTION GUARANTEED
Mr. Keel is a veteran of World War II, and served as
Cobbler Instructor in the Navy, as well as Cobbler
aboard ship in the Pacific.
Your Patronage Will Be Appreciated
Lester T. Keel
! . Owner and Proprietor
HERTFORD, N. C.
KJdDttfice tf Salle
We will, on February 13th, 1946, at 10:00
o'clock a. m. at the home of W. F. Howell, de
ceased, offer for sale to the highest bidder the
following items:
3 Mules 1 Horse 2 Farm Wagons
1 Cart and Wheels New Century Cultivators
2 Disc Plows 1 Cole Corn Planter
1 Peanut Planter 3 Middle Breakers
1 F-12 Farmall Tractor
1 Mowing Machine
1 Disc Harrow
Peanut Hay
Also many other items and farm implements
too numerous to mention.' - ,
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'fjt i
7. L VIIOVELL
i
1
Administrators f
figures cited by the disputants In this
tremendous labor, struggle. There is
no way for an average American, de
pending upon the statements of those
in the controversy, to be convinced' of
the fairness or accuracy of either the
corporation or the workers. There
will be a general tendency, however,
to accept the conclusions of the Presi
dent, in regard to a fair increase in
hourly rates, and, consequently, a
widespread disposition to fix the
blame for the strike upon the United
States Steel Corporation.
In this connection, the 'public should
not overlook the statement of Mr.
Murray that American industry, "fat
tened with war profits" has "been
guaranteed a high level of profits
through special tax rebates under
laws written at their behest." To
what extent the tax rebate will re
place operating profits only an ex
pert can tell, but the existence of the
special provision for corporations may
have some bearing upon the attitude
that they take in connection with labor
disputes.
We are not sure, and we do not
mear. to imply, that organized labor is
not without some responsibility in con
nection with the epidemic of strikes
that now threatens our national eco
nomy and peace-time production.
Nevertheless, the leaders of big busi
ness organizations must bear consid
erable blame for the present deplor
able situation, especially when the
Governments recommendation, ac
cepted by labor leaders, is flatly re
jected by corporate executives.
WAR ENDS SHIPPING POOL
AND CREATES SOME PROBLEMS
During the war, the Allied maritime
nations found it advisable to pool
their shipping in order to assure de
livery of armies, food and munitions
to the battlefronts of the world.
Now that the war is over, the pool
arrangement of the sixteen allies and
friendly, nations will be terminated.
This will create problems in connec
tion with cargoes for the United Na
tions Relief and Rehabilitation Ad
ministration and for nations which
have no available ships, such as Bel
gium and France.
The termination of the agreement
will also create problems for the five
nations with surplus ships. These are
the United States, Great Britain, Nor
way, Sweden and The Netherlands.
They must arrange to divide "com
mon tasks" and also take positive
steps to permit efficient ulilization of
ships in commercial runs.
An example of the regulations that
must be revised comes to mind in con
nection with British economic and
currency restrictions that will close
the sterling areas to American ships,
including the United Kingdom itself,
the Middle East, the Persian Gulf,
South Africa and Australia. On the
other hand, British ships bound from I
South Africa, India and points in the.
Pacific and working to and from !
South America, have not been able'
to bring cargoes into the United
States.
The shipping industry of this coun
try is vitally interested in the ar
rangements to be made. It hopes that
the "bold and daring" merchant fleet,
envisioned by the late President
Roosevelt, will become a fact. It
should interest the American people1
who have an interest in the welfare
of this country, which depends, in
part, at least upon an adequate mer
chant marine. ,
The American people should also
be interested in proposals designed to
open the seas to the commerce of the
world. This means that ways must
be devised to permit the ships of all
nations to ply the oceans. There must
be an end, if possible, to artificial
barriers which prohibit the efficient
operation of the merchant ships of the
world.
NIMITZ PLANS PUBLICITY
FOR THE "SECRET" SERVICE
Fleet Admiral Chester W. Nimitz,
now Chief of Naval Operations, re
cently arranged a conference with
correspondents assigned to the Navy
Department and gave the impression
that he intends to discuss frankly
matters of public interest.
This new policy, if consistently fol
lowed, will be something of a reversal
of the secrecy that was imposed by
the war. It will also represent some
thing of a departure by high-ranking
Navy officials, who have hitherto tak
en considerable pride in the fact that
the Navy had been the "secret ser
vice." This secrecy has not helped the
Navy, in its efforts to avoid the
Army-Navy merger. In fact, the
American public is not yet thorough
ly familiar with the great service ren
dered by the Navy in the war against
Japan and Germany. This was due
largely to the reticence of the Navy
to publicize its achievements.
-AjtiEiGNERS WANT TO BUY
U. S. GOODS AND PRODUCTS
American exports which averaged
around $4,000,000,000 annually before
the war, are expected to double in the
twele months starting July 1st and
experts on foreign trade are unable
to conclude whether the demand from
oUier countries -for American" goods
will be larger.
'i'h.se experts assert that foreign
purchasing power, spendable in the
United states, is somewhere around
$40,000,000,000 for the years ahead
and believe that the impact of this
buying will increase the inflationary
factors present in the United States.
Obviously, when foreign nations be
gin to compete in our markets for
American production, they will clash
with the purchasing power of millions
of Americans. This has been greatly
enhanced during the wax years as the
people of this country have amassed
savings through the purchase of bonds
that run into billions of dollars.
Some observers believe that there
will be a world-wide battle for Ameri
can goods on a scale' beyond anything
experienced in the past Combined
with domestic demand, they contem
plate an unprecedented, maybe fan
tastic, demand for the next three-to-five
years. AlHhdy they report some
industries, such as the manufacturers
of textile machinery, swamped with
orders and turning away customers
with the advice that they come back
in about three years.
While the survey that we read
seems to be concerned with manufact
ured goods, there is also the possibili
ty that an increased demand will exist
for some farm products. Certainly, if
the nations of the world secure the
dollar credits necessary for spending
in this country, they will use some
of their money for the products of
our farms.
PLAN NEW TRADE PACTS
TO INCREASE WORLD TRADE
It appears that the United States
Government is ready to make a ser
ious effort to promote international
trade on a larger scale. Fourteen
countries have accepted an invitation
to a preliminary conference where an
effort will be made to simultaneously
negotiate reciprocal trade agree
ments. Some years ago, when the recipro
cal trade program was initiated, un
der Secretary of State Cordell Hull,
Congress gave the Executive authori
ty to reduce tariffs as much as fifty
per cent below existing levels. We
made treaties with a number of coun
tries and, in some instances, decreas
ed our tariff rates by that much.
Subsequently, Congress authorized
the Executive to go a step farther and
reduce tariffs by as much as fifty
per cent below the levels of January
1st, 1945. This means, in the case of
commodities on which the maximum
reductions have been made, that the
rates would be cut as much as seventy-five
per cent below the Hawley
Smoot level.
Heretofore, when a reciprocal trade
agreement was negotiated, the Gov
ernment was required to give repre
sentatives of domestic industries an
opportunity to express their views on
proposed reductions. These hearings
related to reductions with one coun
try but under the most-favored-na-
tions clause, the reductions also be
came available to other countries
which made this concession to us.
Under the new program, an effort
will be made to consider the trade of
fourteen nations and the United
States at the same time. This, it is
believed, might permit American rep
resentatives to do some more effective I
work in loosening up the barriers that I
have hitherto interferred with the
flow of international commerce.
Bronze Star Awarded
To J.Kelly White
The Bronze Star medal, for merit
orious service in battle has been
awarded former Sgt J. Kelly White
of Hertfoio, according to an an
nouncement received here this week.
White is the husband of Mrs.
Sarah C. White of Hertford.
The citation accompanying the
medal read: "For meritorious service
in connection with military operations
against the enemy during the period
14 July 1944 to 8 May 1945 in Eu
rope. Throughout this period Tech
nician White, serving in the capacity
of tank mechanic performed his du
ties in an outstanding meritorious
manner, working tirelessly and often
with utter disregard for personal
safety. Despite enemy small arms,
mortar and artillery fire, he went for
ward on innumerable occasions, re
pairing and retrieving tanks in the
heat of battle. 'His superior skill end
untiring efforts were undoubtedly the
prime factors in maintaining the
highly mechanical efficiency of the
vehicles of his company. His in
domitable spirit, daring determination
and zealous devotion to duty reflect
great credit upon himself and the
armed forces."
Helps build up resistance
against MONTHLY
FEMALE PAIN
When taken regularly!
Lydla E. Plnkham's Vegetable Com
pound does more than relieve
monthly pain when due to func
tional periodic disturbances. It also
relieves accompanying weak, tired,
nervous, Jittery feelings of such
nature. Taken regularly Plnkham's
Compound helps build up resistance
against such monthly distress. Plnk
ham's Compound Is worth tryingl
Notice Of Sale
We will, on Saturday, March 2, 1946 at 10:00
a. m., at the home of Mrs. Lizzie M. Howell,
deceased, near the George W. Jackson Store,
offer for sale to the highest bidder the follow
ing items:
HOUSEHOLD AND KITCHEN FURNITURE
Including
Electric Refrigerator; Electric Radio; Living
Room Suite; Bedroom Suites; Stoves . . . and
many other items too numerous to mention.
R. G. Jackson
1. E. Jackson
ADMINISTRATORS
"'TIS THE FARMER'S CARE
THAT MAKES THE FIELD BEAR"
Without Proper Tilling and the RIGHT Fertilizers
Farm Production Will Drop to a Dangerous Minimum
Every farmer, in this first post-war year, is planning now to
raise the biggest crop ever. He realizes the world needs more and
more food, and he intends to keep up his record for production to
help feed this nation and the world.
More and more farmers, every year, are using SCO-CO Fer
tilizers to get best results from their crops. They find bLO-LU is
made to suit the soil.
Before you buy your fertilizer for this season, see your friend
ly neighborly SCO-CO agent for information about the best type ot
fertilizer for your farm. He is ready to serve you and help you
raise a "bumper crop."
PLACE YOUR ORDER NOW FOR SCO-CO FERTILIZER
THE SOUTHERN COTTON OIL CO.
h "Manufacturers of Those Good ' " T, ' ''
i SCO-CO Fertilizers That l-y
Produce Better Crops" yJ
HERTFORD, N. C. VMr jf l
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