The Odem-Edroy Times (Odem, Tex.), Vol. 2, No. 39, Ed. 1 Wednesday, March 8, 1950 Page: 4 of 12
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PAGE FOUR
THE ODEM-EDROY TIMES
Wednesday, March 8, 1950
©he (QiUun-iEftmy ©tmrs
Published Every Wednesday By
THE RICHARDS COMPANY
HENRY C. RICHARDS
Publisher
Entered as second-class matter at the post office at Odem,
Texas, June 25, 1948, under the Act of Congress of March 3, 1879.
Subscription Price
$2.00 Per Year
CAPITALISM NATURE'S LAW
By GEORGE PECK
The Reds and Pinks maintain that Capitalism is doomed, in
fact, that already it is in the graveyard waiting to be interred
alongside of its predecessor, “Feudalism.” They contend that
here in America, even before World War III, Capitalism was on
the skids because of its failure to solve the unemployment prob-
lem and to end the depression.
But as usual the Commies and Fellow Travelers are wrong.
Capitalism is not doomed; it will not vanish from the face of
the earth. It was under Capitalism that this nation achieved
prosperity and if we are ever again to attain real, biding pros-
perity, it will be under Capitalism and Free, Private, Competi-
tive Enterprise. Prosperity depends upon the creation and dis-
tribution of wealth, and it was under Capitalism that in the^past
we achieved and that in the future we will* achieve a great de-
gree of these two things.
No nation ever has attained real prosperity except through
industry and trade and these only can flourish under some form
of Capitalism. All the teachings of history prove that where
rivate property is the most secure and enterprise is the most
free, in that place always has been the greatest degree of
prosprity.
Call it selfish, if you will, man’s greatest urge is the profit
motive. It always has been—is now—and always will be. It
is biological and will never change permanently. Admittedly,
there are times when this urge to get ahead of the other fel-
low temporarily weakens and mankind gives ear to the vision-
aries, do-gooders, crack-pot theorists, paternalistic government
planners and social experimenters.
Right now in America there are many—all too many—who
for the first time being do not remember that this nation under
Capitalism achieved a higher standard of living for all classes
than has any other nation in all history. They forget tht Na-
ture developed the Capitalistic System in order that mankind
could exercise his predominant urgq to better his position in life.
They disregard or do not know that Capitalism is the only sys-
tem of economics yet devised under which the individual who
works harder and better can forge ahead of 'his fellow men.
The anti-Capitalists do not agree that anyone should prog-
ress ahead of his fellows. They ignore the fact that jvhere man-
kind lives under some political system where individual initia-
tive and thrift go unrewarded, there always will be found a de-
plorable low standard of living and culture.
What the defamers of Capitalism propose for America is
nothing new. We have tried many experiments with commun-
istic and socialistic schemes. The early Puritans tried one—
there was the Jamestown Plan—the Shakers, and a host of
others. They all failed, and why? Simply because the honey-
bees in the hive eventually objected to the drones participating
to an equal degree with them. MAN DOES NOT WANT TO
BE ON AN EQUAL BASIS WITH ALL HIS FELLOWS. That’s
what the Commies fail or refuse to recognize.
Only the weak who cannot or will not pull their weight
in the boat are content with equal sharing of the wealth. Thus,
sooner or later, but inevitably, the real workers in a Commun-
istic society rebel against being forced to give part of their well-
earned gains to those who shirk their responsibilities, and the
promised, idealistic Utopia collapses like a hollow egg-shell.
Natural law simply asserts itself. Planned economies can-
not do a job for mankind as well as an economy that functions
along natural lines, permitting the individual to produce and
keep for himself the major part, of what he produces. Capital-
ism is the only economy so far .discovered which makes man
the master and not the servant of the State—we had better
think long and well before we discard the Capitalistic System.
xas
pakade
By ROSS PHARES
CONQUEROR IN A HURRY
James Long was about the
“maddest” man in the country
when /the United States gave up
claims to Texas in order to se-
cure Florida from Spain in 1819.
And he was quick to do some-
thing about it. With an army of
only 75 men he marched onto
Texas to get it back for the Unit-
ed States.
And to show the people he had
come to Texas to stay, he brought
his wife and child with him.
Long, a Tennessean by birth,
practiced medicine and managed
his plantation at Natchez. A hero
of the battle of New Orleans, his
name appealed to fighting men.
By the time Long reached Nac-
ogdoches his army numbered 300
Here in convention he and his
leading patriots declared Texas
to be a free and independent re-
public. Dr. Long, or rather Gen-
eral Long now, was chosen presi-
dent. A staff of officers was in-
augurated, laws were passed ’cov-
ering organization, revenue and
land distribution; trading posts
and blockhouses were provided
for.
In September Long set out for
Galveston Island to solicit aid
from Jean Lafitte. At the Cou-
shatta village he received news
of the advance of the Royalists
under Colonel Perez. But so im-
portant did he consider Lafitte’s
support that he did not turn
back; however, he sent instruc-
tions to his wife to abandon
Nacogdoches and to cross the
Sabine.
Long was cordially received
by Lafitte, who wished him the
greatest success but refused to
assist him, saying: “A close study
of Nolan’s, Magee’s, Mina’s and
Aury’s expeditions has convinced
me that no such invasion can suc-
ceed unless backed by a large,
well disciplined military force.”
On his homeward journey Long
was met everywhere by bad
news. His brother had been kill-
ed, Nacogdoches was deserted,
troops were demoralized and scat-
tered, and he himself was closely
pressed by the enemy.
He gained the Sabine River,
however, conducted his family to
safety, and set out to meet the
remanent of his army at Bolivar
Point. Texas was now cleared
of Republican troops, and Long’s
ambitious expedition was at a
disastrous end. #
It seemed nothing could dis-
LOOKING
AHEAD
ir GEORGE S. BENSON
President—Jtarditg Cellcf*
Stareg. Jr It mat
H
j
courage Long. And he was as
impatient as he was bold. With-
out delay he went to New Or-
leans, where he obtained new
forces and new supplies.
With only 52 men Long again
marched upon Texas. He left his
family at Bolivar Point, advanced
against Goliad, and captured it
with lftftle effort.
But Long’s victory was of short
duration. After three days of
quiet possession the Americans
were attacked by 700 cavalry
from San Antonio, and irregular
troops from the immediate vicin-
ity. Word was sent to Long that
if he would surrender he would
be kindly treated. Instead of
accepting he sent word that he
was willing to settle the contest
by single combat with any man
in the Royalist’s camp. The
Spanish declined.
The Royalists again attacked
and were repulsed. Then the
Spanish sent in a flag of truce
with a message saying: “We have
made a mistake; we thought you
were Royalists. We are patriots,
too. We wish to receive you as
friends.” When asked why they
were fighting under the Spanish
flag, they replied that there was
a large Royalist force near at
hand and they wished to deceive
them if it became necessary.
Whether Long believed this
story and was taken in by' it or
was outright overpowered is not
clear from the conflicting reports
of the engagements. Anyway,
he surrendered, soon to find sim-
self and his force prisoners.
After many months of delay, he
was allawed to go to Mexico City,
where the more liberal Iturbide
had just come into power. Long
must have been an impressive
man of charm, for he quickly
won friends among the official
class and was finally treated as
an honored guest. He never gave
up his Republican views: one of
his Spanish friends declared that
if heaven was anti-republican,
Long, if a resident therein, would
try to revolutionize it.
One day when calling on the
minister of Chili, as he entered
the palace, he was mysteriously
shot and killed by a Mexican
soldier .... And thus Dr.
James Long passed on to join
Magee and others who fought
for Texas liberty, to have it
shine only upon their graves.
James Long might have been
the Sam Houston of Texas
i \
Babson’s Authentic Statement
Babson Discusses
I
Relations In Industry
By Roger W. Babson
Copyright, 1949, Publishers
Financial Bureau, Inc.
DEAR AUNT BASH:
A fellow asked me if your
name was Bashful. I told him,
to my knowledge, your name is
just plain Bash, and that I didn’t
consider you as the bashful type.
He said, “But what does the
name mean? I never heard it
before.”
I said, “It doesn’t mean any-
thing because my Aunt Bash is
individual and you never heard
it before because you didn’t
know my Aunt Bash. Now, you
take my Uncle Gum,” I said, “I
expect you’ve never heard of
anyone bearing his name? How
Uncle Gum got his name is an
interesting story. It seems that
when he was born, his folks
wanted to name him Montgom-
ery after a city they had heard
about. But a certain fellow, who
claimed to have traveled a lot
and was working for the family
at the time, said he had visited
the town of Montgomery and he
knew that little boy would never
grow as big as that town, and
he suggested they cut the name
off a little at both ends and call
the baby Gum. Well, they did,”
I said.
I just had to tell this fellow
about what a problem Uncle
Gum’s name was to John L., his
son-in-law; that John couldn t
decide whether to call his father-
in-law ‘Dad’ or ‘Gum’. He later
decided to call him both names.
How people and places get
their names is an interesting
study. I have known many men
who were named for the Apos-
tles: Peter, James, John, and
Thomas, but I have never heard
of a mother naming a little baby
Judas, since one who bore that
name betrayed our Lord. How-
ever, I have seen a goodly num-
ber whose name should be
changed.
I have known several girls
who were named Rose, but nev-
er have I heard a mother nam-
ing a cute little bundle of sweet-
ness “Ragweed,” though I have
known some girls who looked
like one.
Well! That’s the way people
and places get their names. I
saw a place the other day that
set me to thinking. I was leav-
ing a little central Texas town
and got on the wrong street; a
blind street, it was, and stopped
to make some inquiries, and there
on that blind street was an old
saloon building. A I drove
slowly by the sound of coarse
music and boisterous voices beat
on my ears, and a vile stench
my nostrils with equal
BABSON PARK, Fla. — Since
my recent column recommend-
ing good fire insurance stocks as
an investment, I have had many
letters asking, “What'else would
you buy?”
Importance of Diversification
Of course the safest of all in-
vestments is Well-located, well-
drained and productive land. Ev-
ery family should have a little of
this within a reasonable distance
of' some community. A farmer
will have most of his assets in
such land, buildings and equip-
ment. The retired investor can
afford to have about 25 percent
in good productive land.
Investors should have another
25 percent distributed in cash,
bank deposits, life insurance and
government bonds. Notwith-
standing all of President Tru-
man’s prosperity promises, this
country is sure to see some real
trouble sometime. When this de-
pression comes, stocks and even
real estate may sell at one half
present prices. The best way
you can then help alleviate the
situation, is to begin now to
store up cash for use then. For
every additional person who does
this, the next panic will be so
much less severe.
Buy Ten Good Stocks For In-
come
This leaves 50 percent to in-
vest for INCOME. Unless you
have the help of a long estab-
lished investment advisory or-
siung
rcrce.
A comer of the porch roof to
the old building sagged and tall_________
weeds hung their seedy heads j ganization, you had better not
over each end of the porch floor. I a^tempt now to buy for profit.
One lone figure was out-front. ! It is okay to do this when prices
With a hat over his face, he was ! are abnormally low and*every-
sunning himself on a tottering j one bearish, but not now. How-
bench. Above the porch roof, on ! everj you now can get a safe in-
the dirty and weather-beaten! come Qf 6 percent on good se-
false-front, in huge but faded j curities; so why speculate?
letters, was the name of the
place: Tumble Inn.
Tumble-Inn is duplicated many
times across our country: Drag-
on-Inn, Reel-Inn, or Suburban
Inn, etc. Though the name might
(Continued On Last Page)
If interested, I suggest you buy
ten different “home” stocks for
income. I will now tell you how
to select them:—Of course this
will take a little time on your
part; but you spent so many
years of hard work to_jnake and
save' this money, you should be
willing to spend one week to
be sure it is safely invested! For
this 50 percent I am not recom-
mending any bonds. Good bonds
are now too high. I will as-
sume you already have some good
fire insurance stock. If not see
my column of February 3.
Invest In Companies You Know
To start with call upon the su-
perintendent of your TELE-
PHONE COMPANY and ask him
what listed company controls his
telephone company. If he doesn’t
know, ask him to write his home
office and find out. Then call
upon the superintendent of your
ELECTRIC POWER COMPANY
and the superintendent of your
GAS COMPANY and ask them
the same question. This will give
you three stocks which should
be good; especially if their repre-
sentatives in your locality are
men of high character.
You probably prefer^ to use
some special kind of gasoline. As
the stock of this OIL COMPANY
will be listed in New York, buy
a few shares of this. Most all
the listed oil stocks are good for
income. You also should have
some good merchandising stocks.
Ask your wife which is the best
GROCERY CHAIN, the best “5
& 10” VARIETY CHAIN and the
best DRUG CHAIN in your city.
These stocks will surely be
LISTED. Your wife can watch
them for you; but see for your-
self that the managers and em-
ployees are good Christian peo-
ple. This gives you four more
stable industries or a total of
seven stocks. •
Tallc With Your Local Banker
You certainly should have some
bank stock. Call upon the pres-
ident of your local bank. Don’t
stand at the counter window,
but go in and sit down with him
some time when he is not busy.
Tell him you would like to buy
a little stock in his bank. Trust
him as to the price as it will not
SECURITY -AT WHAT PRICE?
Man’s quest for economic se-
curity will always be one of /the
strongest human motivations.
Throughout all .history there has
been only one sustained, sought-
after goal to emerge paramount
over security in the minds and
hearts of men — and that goal
is, of course, freedom. Because
of the fundamental craving for
security in the nature of man,
there has always been the dan-
ger he would forfeit even free-
dom to attain it. Time and again
he has — but usually involun-
tarily.
Political masters have built
their totalitarian governments oh
the promise of providing secur-
ity without destroying individual
freedom. The bait is well-nigh
irresistible. And now the prob-
lem of having economic security
and freedom too has begun to
plague acutely the citizenry and
the intellectual leadership of
America. This dilemma may be
traced directly to the Commun-
ist and Socialist propagandists.
Security as a Lure
In this vital postwar period
when guards have been drop-
ped, these propagandists and
their dupes have sought to con-
vince us that elsewhere the So-
cialist State is fulfilling its prom-
ises' of “full employment,” “fair
shares” and “lifetime security”
in a “democracy” where freedom
reigns. The actual facts shout
down this siren song. They nev-
ertheless lure our people away
from a healthy confidence ip the
American way of life or stam-
pede us into politically-operated
programs that would bankrupt
our nation and lay us wide open
for government based on the
principle of force.
We’ve rejected the Socialist
doctrine when labeled as such.
But a lot of our people have
fallen for a security-plus-free-
dom program being offered in
Congress by planners who get
angry when called Socialist or
when any objective analysis re-
veals the facts about their plans.
I’ve just read such an objective
analysis made by the Brookings
Institution. It is entitled “The
Cost and Financing of Social Se-
curity.” Its purpose is simply to
examine the facts and‘figures.
Stupendous Cost Revealed
The Brookings Intitution study
develops the following primary
fact: The major social programs
being pushed in Congress by the
Planners would cost an estimated
$30,770,000,000 a year by 1960,
and $44,000,000,000 a year by
1990. Add veterans’ benefits of
from $5 to $1 billion and the
soaring regular budget outlays of
$40-$50-$60 billions, and you have
a total running up toward 50
per cent of the present national
income — or a cost to all of us
equal to about half of all of our
incomes.
The Brookings report says
these tremendous sums for se-
curity programs ultimately
would have to come annually
from new taxation, regardless of
the monthly payroll taxes. The
proof of this was given in an
Senate speech by Sen. John L.
McClennan (D., Ark.) He re-
vealed that $38,250,000,000 be-
longing to the present Old Age,
Unemployment, Railroad Retire-
ment, and other such trust
funds financed by direct payroll
tax, had been dissipated by the
government on a hundred and
one other spending projects.
Paying Twice For It
Benefits, from these funds will
now have to be financed again,
by additional taxes on the gen-
eral public. Everybody’s pay
check will be hit. Here we have
a striking example of what hap-
pens to trust funds sent into
Washington in the form of pay-
roll taxes for pensions, bene-
fits, etc. Although the funda-
TAKING IN EACH OTHER'S WASH
By MAURICE R. FRANKS
(EDITOR’S NOTE: Maurice R. Franks is President of the Na-
tional Labor-Management Foundation and Editor of its official
publication, PARTNERS.) %
We’ve heard of the proverbial town in China where the
people made a precarious living by taking in each other’s wash.
From present indications, this can no longer he regarded as a
strictly Oriental form of enterprise. In a position to expound
the economic facts of life involved in the American Enterprise
System, too many of our businessmen are content to expound
them to each other, whicKJs equivalent to lecturing themselves
in a mirror. In short, so far as public education is concerned,
all they are doing is taking in each other’s wash.
For some strange reason, our businessmen seem to go along
on the assumption that there is no way by which sound in-
struction or information can be put across to the workers and
the general public. They seem to be haunted by the fear that
any or all information coming from them, the businessmen,
will be ignored, misunderstood or distorted. This cockeyed
notion has given them an out-size inferiority complex, which
has done more real damage to the relationship between work-
ers and employers than anything thus far concocted by rack-
eteers or radicals.
The Communist doesn’t bother his head about fancy
phrases; he doesn’t care a snap about such highflutin’ stuff as
“semantics” or as to what the businessman may think or do
about his stuff. Result: a whole generation of people is grow- ^
ing up with little or no accurate knowledge of the mechanism
that makes our business tick... Many within this new gener-
ation already are toying with the theory that our Enterprise
System is largely predatory and that our republican form o|.
government is outmoded and should be replaced by a “real”
Democracy, such as is now being tried in England—or maybe
even in Russia.
The tragedy is that the businessman himself is more re-
sponsible for the present condition of confusion than any other
single agency. In the first instance, he is responsible because
he personally has not used his own vocal cords to tell the
story of business to his own employees. In the second instance
(and this is perhaps even more important), he is responsible
because of his tendency to sit in judgment on the literacy of
the people who work for him.
The businessman himself, because of his neglect, thus stands
as the greatest single barrier between his employees and sound-
ly informativ material. For the fact remains that, in most cases,
constructive information can best reach the workers via chan-
nels already existing between them and their employer.
Here are a few facts which all of us, especially the busi-
nessman, should deeply ponder:
1) With the educational system we have here in the Unit-
d States, there is almost no illiteracy among American workers,
particularly those bom here.
2) People, regardless • of their station in life, do read, at
least to some extent.
3) The children of illiterate or foreign-bom parents read
and interpret to the family circle the material that enters the
home. ,
4) The machine operator of today may have been the *
newspaper editor of yesterday—or may be one tomorrow.
5) Most people, including workers, resent the kind of ma-
terial that obviously “talks down to them.”
6) The one person in a hundred who receives, reads, ui^
derstands an dinterprets the constructive material coming to
his attention is worth all the effort that may have been wasted
on the other 99.
More than 28 years of my life have been spent as a Rail-
road-Union Official. My experience in two Brotherhoods—in
the various capacities of Committeeman, Organizer, Delegate,
Business Agent and Editor—has provided me with a first-hand
view of the problem. Therefore, I can say with conviction that,
if we would checkmate the opponents of our way of life, we
must meet them on their own ground.
We should cut out treating education in Free Enterprise
as merely an exchange of dirty linen. No longer can we get
by with so limited and self-limiting a program as TAKING IN
EACH OTHER’S WASH.
be a listed stock. If none is avail-
able, ask him the name of some
large bank in some interior city
which will not be bombed dur-
ing World War III. Buy that
BANK STOCK which he recom-
mends. This gives you eight
stocks.
Here are three more sugges-
tions:—Visit your superintendent
of streets and get the name of
the manufacturers of the best
DIRT MOVING MACHINERY.
These companies should have a
good future. Visit your fire
chief and get the name of the
largest manufacturer of FIRE
ALARM SYSTEMS and buy some
POLITICAL
ANNOUNCEMENTS
This newspaper has been au-
thorized to announce the candi-
dacy of the following for Coun-
ty and Precinct offices, subject
to the action of the Democratic
Primaries in July and August,
1950:
---—-—-- ‘ " T*
FEES—The following schedule of
fees for political announcements
entitles the candidate to publi-
cation of his name and office
which he seeks in this column
from the time he announces un-
til the first primary; then, if
there be a runoff, his name will
be continued through the second
primary election, and if nomin-
ated by the party, his name will
continue to be published until
the general election in November.
District Offices .
County Offices -
Precinct Offices
City Offices —
_ $15.00
__ 15.00
10.00
_ 5.00
For County Judge:
WM. E. NICHOLAS
mental human desire for secur-
ity cannot be denied, we must
approach the problem with calm-
ness, unhurried by pressure of
politico-planners. Above all, it
must be taken outside the reach
of politics.
Long range economic security'
can never come by grant of a
political boss or clique. The
soundest way to obtain it is
through individual thrift and by
teamwork of workers and em-
ployers that will increase pro-
of that company’s stock. If you! ductivity and thus boost real
are a farmer you ’ should know \ wages. Contributory retirement
what company makes the best plans help to ease the anxiety
farm machinery, trucks, etc. If i and preserve pride and independ-
not a farmer, you can ask some | ence. I strongly favor group
friends who are farmers. Then ! insurance, pensions and medical
buy the stock of that HARVES- ! insurance. / A voluntary, contri-
TER COMPANY. This gives you J butory basis, however, will prove
ten stocks and one alternate, far better for all concerned than
After you have bought all ten. a compulsory, government man-,
stocks, you can write me if you j aged plan. More on this next
wish, but NOT BEFORE! - week.
For District Clerk:
J. L. HAMILTON
For County Clerk:
H. M. JACKSON
For County Tax
Assessor-Collector:
DAVIS VICKERS
For Sheriff,
San Patricio County:
S. FRANK HUNT
(Re-election)
• w
For County Treasurer:
MRS. JAS. G. COOK
For County Commissioner,
Precinct No. 2:
E. H. JACKSON
(Re-election)
RANDLE BUTLER
H. M. MONTGOMERY
For County Commissioner,
Precinct No. 3:
PAUL B. MAHONEY
For Justice Of The Peace,
Precifict No. 2:
R. T. (Bob) WHITTEN
(Second Term)
Applications for Social Secur-
ity account number cards may be
obtained at your post office.
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Richards, Henry C. The Odem-Edroy Times (Odem, Tex.), Vol. 2, No. 39, Ed. 1 Wednesday, March 8, 1950, newspaper, March 8, 1950; Odem, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1111569/m1/4/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Odem Public Library.