Newspapers / The Kings Mountain Herald … / March 5, 1948, edition 1 / Page 15
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I Friday. March 5. 1948 looking] xtf ahead A?|> GEORGE 5. RtNSON i Prtsiitnl--Hardrnf Ccttejc ^ $r*rtp. A'tmstt * airy Tales for Grown-Ups Ever hear of grown-ups believing 1 In fairy tales? Well, perhaps not, j Cinderella or Jack and the Bean- ' ! Stalk. But when it comes to the eco- i I nomic "facts of life," it is amazing I what some folks will accept instead of facta. j One tale of,economic nonsense, I Usually going the rounds, has it that j ; Industry is rolling in money and j ! making exorbitant profits. Usually, Industry (erstwhile known as "big | business" and "bloated capitalists") j . is the villain. These uncalled-for., profits are literally squeeggd out of j the consumers and the workers, and piled up somewhere by the "soul-. less corporation," like so much gold ' guarded by a fire-breathing dragon. I HV We could go on. But see what i] i mean? Jt if high time riynebody got . k 'a true-to-lne story started that ' j shows what our system of free in ^vestment and free enterprise has done for the people of this country. How Much Profit* _>v.. - i , NgfionaJ polls, lopg affd, i found workers thinking generally , that business makes from 25 to 50 j ["per cent profit. Surveys among la-;' t bor union members have found the ;1 i workers thinking that 10 per cent j' profit on sates would be about right. I Even a government booklet pre- \ 1 1? --- ? --- - ^Hieu lur veierans says "A bUSi*,' ness . . . should make at least 10 ' I per cent profit clear." Well, fairy ] i 1 tales to the contrary, one statistician ) ' shows that actually business makes | on the average only 2.9. per cent ,i profit on sales volume. jj Some businesses make less and i some make more. In 17 years of;] sales, the Republic Steel Corpora- !( tion has made 2 per cent on the j company's sales to customers. Gen- j| i eral Electric has figured ito 'aver- ] itge for SO years at only 8.9 per. cent. You see, it just so happens | that industry gets far less than the ' 10 per cent that everybody seems i to think would be fair. Best Incentive. But we have been taking a lot for ! granted! Nobody has shown, fairy tale fashion, why it would be' so bad if industry were making a bet- ' ter profit. Actually, nothing would ; be bud about it. It is good for the wtlfs.re of the nation, for the con surner, for the worker, for every- ' body ? if industry makes a good ' profit. Only if industry makes a fair pro&U V?n we expect plant expansion, and more jobs. Ftappblic . Steel, already mentioned, divided each dollar that it had for owners and the workers in 1948. The workers got 91 cents. The owners got 4 cents in dividends, and 5 cents was plowed/ back into the business. Without pfbfit there's not a chance for good wages td continue. Without dividend*, there's no attraction to new venture capital. New investments are important U| the welfare ol everyone. We need prosperous industries. Yet. who wants to invest hard-earned dollars in a business that can't make a * profit! Active production lines, in industries that can show a profit, arc the basis of America's prosperity and high standard of living,. 1 Profit is our best incentive. Planning Urged For ( *? uvesiocK r aimers Livestock farmers should continue to follow sound planning for highest profits in View of the recent breaks in livestock and commodity prices, says C. E. Clark, Extension Farm Management specialist at State Co) lege, i Mr. Clark Says the best policy would he to sell only those animals ready for the market, because get,ting rid of the present herds will Jeopardize future chances for a strong livestock program on individua) farms. * .... Latest estimates indicate that the total meatoutput in 1948 will probably be 10 percent less than the 23,300,060 pounds produced in 194?. j This means that consumers can expect less meat peT persons available during 1948. A relatively large back )og of supplies in storage now will supplement meat supplies this sum mer and fall but will not offset reduced output, Mr. Clark said. This reduction in output will not improve , until livestock numbers are increased, he added. The demand for meats has been strong and record prices have resulted. Farmers have reduced- the size of herdf; to take advantage of high prices, yet, feed price relationships save been increasingly unfavorable to them. These relationships have needed adjustment and are "necessary for continued production of livestock, the specialist said. "!The recent drop in grain prices has been partly attributed to speculations, lack of confidence on the part of trades and more favorable reports of wheat prospects in the . - United States and abroad. Breaks in commodity prices will likely show- further decline before prices tend to rise again-. Livestock farmers should not get alarmed, but wait for an adjustment In livestock and feed prices, Mr. C'lhrk said. Turkey* are usually kept in a brooder house during the first six to twelve weeks. AftCr that time they, be placed pn range. '".v O/, Central Lassies N( As Boys Go Down , ~~~? . Kings Mountain girls basketbal team closed the home season lasi Friday night with a spine-chilling 21 to 19 Western conference victorj over the lassies from Shelby high with the boys teani dropping a hard-fought game to the Lions b> a 23-40 count. Mary Lou Barnette again sparked the Mountaineer-ettes to victory tallying 9 points during the hectic struerele. Ha^ei t u < < uvj Qllv Bernice Harrison 4. Billy Amos topped the Mountaineers in the scoring department with 6 points, trailed by Jack Ruth, Bud Mediin, and Herman Mauney with 4 each. Coach Don Parker's cagers were unable to stop lanky fast-breaking Jack Eubans of the Lions, who scor ed 16 points during the battle. It was the last home appearance for 7 Central cagers who are scheduled for graduation this June. Three girls?Bernice Harrison, Betty Howar, and Mildred Goforth ?and four boys ? Bud Mediin, Bob Huffstetler, Bob Patterson, and Jim Hudglns are the Central losses for next season. Majority of regulars " on both squads will be returning to the hardwood next year with indications of a pair of strong teams. . Coach Mabel Carpenter's Sextet took the initial lead in the opener and were ahead of the visitors all the w.y, the local guards nipping a 10-point Shelby rally late in the game to sew, up the; win. The Mountaineers scored their first basket after two and one-half minutes of play and Shelby was ahead 2-5. Herman Mauney hit one tree throw after Jack Eubanks hit one for Shelby and then followed wRh a goal, score 5-7. Jim Hudgins knotted the count at 7-7 but Billy Megginson hit one as the quarter whistle sounded and Shelby led 7-9. Eubanks hit a free throw and tfudgins missed, then Eubanks hit anothergoal. Kings Mountain miss ed two free throws beiore Eubanks hit again, score 7-14. Ruth hit a goal and Eubans another, half score 9-16. Coach Parker's five failed to stop Eubanks in the final half and had Bumgardner to take into considersN l - . ' / " Out I Emerge r i. ' 0$ And ' I V' ' ' * % . ; i . . " " ' v. 4 * t * " . ' > ..r s V ' fc- M *- .v th< . > ... i ' . r ' : .*. i: /our KINGS M ; THE KINGS MOUNTAIN HER J ?se Shelby 21-19 In Finale 23-40 <* - i . . , 1 tion, also. The issue was never in 1 doubx the rest of the way. ' The lineups: r. GIRLS i KM (21) S (19) Bctxnette, 9 Reed, 8 Harrison, 4 Moss. 7 I Roberts. 1 Tote, 2 Cody Rippy > Jackson Dover I Goforth Weathers Half score: Kinas Mountain 12L Shelby 5. I Subs ? KM: Reynolds 3. Brid1 ges, Floyd S, Hoyle. Smith. S: WilI It a 8. RiShm. o ??- ? J ? ?J V?UCTX*< mV AOC. Officials ? Brooks and Worn ack, Forest City. BOYS KM (23) S (40) j Ruth. 4 Cook. 4 ' Medlin. 4 Hamrick, 4 Mauney. 4 Eubanks. 16 Huffstetler, 2 Meggineon, 4 Amos, 6 Bumgardner, 7 Half score: Kings Mountain 9. Shelby 16. Subs ? KM: Hudgins 2. Patterson 1. Jackson. S: Reynolds, LitI ton,-1, Trammell 2, Lackey. . . O'I Leary, Gold. 'OM?- Adding Machine Paper ? Herald 10 lbs. WHITE GOO! I 1 lbs. Jars Crystal Bli 2 packages JELLO .. 3 lb. Ian MAMMY'S HRVVfiFf uxiuiii a Grade A Phone 2S5 ' I ow... 0 it's Re of human suffering the F * At the scenes of 1 icy Is its call to service. T the uncontrollable: when these strike, your F comfort, su . . - / " ' v ' The Red Cross: any time, anywhere. f the Red Cross will be rea generous dolla For the sake of the this year.; anguish;;. the Red Crpsc It's March ? and jfyed ; Red Cross makes so the the coming You'll help agair V ' '- "f , :"V. ? V- rf .1 RED CROSS... K This message OUNTAIN ... _ VLD. KINGS MOUNTAIN. N. C. Uncle Sam Says I' ' ^ ^ '** > !. What would 700 say If you saw a groundhog emerge from his hole this month with a stock of Savings j Bonds in his paws? Millions of my j nieces and nephews, who own Savings Bonds and arc adding to their j bond holdings regularly through the Payroll Savings' or the Bond-A- j Month Plans, would say that Mr. { Groundhog has at last acquired common sense as a prophet of an early spring. There is no better har- ; binger of a bright, happy future is ' there than the growing, safe, profitmaking financial reserve of United 'States Savings Bonds, , A ? J-!? t n ivufiic ui jiumi uairy (WJ5 will keep a small family in milk and butter throughout the year. wmummmammmm SE FLOUR...... 85c ackberry lam 25c . i H5c j COFFEE S7c 1 < GROCERY i Market We Deliver ince a? a CI UI U * V ' ted Cross was born. luman suffering the Red he unpredictable disaste 0ood and raging fire, the ted Cross quickly reachei stain and restore. must be prepared to spri dy. It will be ready beca /.. rs always have made poi unsuspecting thousands . for the sake of those def i now turns to you. t Cross time. This is the i t your humanity may be year, among all ? irresp i, won't you ? -V-- ;> V . . . >. EEP IT GOiriG presented in the public ii COTTON ( . Build Own Highways Evurj citizen" el Guatemala is inquired to 11 ..tribute thei equivn'ent of two weeks'. work. ipUhif in money j or ir. '.i, 1 or. t< w?j<t upkeep of the J country's i'tni i system. Guatemala, , whir- o large part of the i wiofi. s si ply of barfrihas and therefore needs->*"0d loads, was among j the first of Vne Cent: hi American rc! publics to have a highway from j border to h-rder To find' the current price ol pro-during a dozen eggs, multiply the average number of pounds of feed the flock is eating a day by the price per pound and divide by the number of dozen eggs laid in a day. ective of race, color or cv . , ' ' '* ' . '> -v* ? nterest by OIL CO " * v * ' '/ y)i j ygjP . ?lust A Woven ' ;'. . z ". ' >""* ". -; .'?? ' <Wt? . {B|U^ / WOODV For Hot-Weal Cool?airy? Jain rp* ss 1 in k ? Cross takes its places r ? stealthy epidemic ? s the victims, to r* ' * *r> j 1 > r 1.0 . _ V 7 use your ssible its merciful woi*k. who will be stricken % jtined for injury and mnual appeal spread throughout Page Sevau Beware Coughs from common colds That Hang On I Creomulslon relieves promptly ; cause It goes right to the seat of Mm ' trouble to help loosen and expel gets i laden phlegm, and aid nature to sooth* and heal raw, tender inflamed bronebka mucous membranes. Tell your dni&4B to sell you a bottle of Creomulslon wttk the understanding you must like tJ* way it quickly allays the cough or ys? are to have your money back. CREOMULSION /I i__ ... #? II . ? I r ur uvupis, v,nesr v.oios, Droncrti* I .* f . ' ' ' :? .']! ..' rrived? 1 Shoes I SARD'S i0. 1 ther Comfort Comfortable jl wmmmammmmmammmmmammmmmmmmm?mmmm?mwmb . V. .t, ... f ... 1 / ie! : ' i n ?< .rr < ? '"Vv 11 ; . w* -> % .1 * :< '1 t. 1 ^ >i " . ' -:'. 4 : -,,V '. '*7? i . i , -f ' ' ' ' ' ' ' ?c'I, .. ' 'V* v. ' ' . . ; J "-V' * -jj ' *: ' '* ? ' V. / V.; 'V- i"' v V.;.- .:: ;; : ;: ' 1 || -xcufrn 1 ' J R COAL and ICE DEAIJEB Phone 124
The Kings Mountain Herald (Kings Mountain, N.C.)
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March 5, 1948, edition 1
15
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