Denton Record-Chronicle (Denton, Tex.), Vol. 43, No. 49, Ed. 1 Wednesday, October 10, 1945 Page: 5 of 12
This newspaper is part of the collection entitled: Denton Record-Chronicle and was provided to The Portal to Texas History by the Denton Public Library.
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DENT )N R EC RD.CHR( )NICLE
WE HAVE
Wednesday, October 10, 1945
Page Five
•2
Kiwanians were hosts to 89 serv-
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DANCER ON THE PRODUCTION FRONT
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lug, food and clothing to Britishers
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of the agitation was caused by en-
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307 N Locust
Phone 88
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Headier Motor’Co.
58
307 N. Locust
Phone 88
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Sun PROOF
r%,
PAINT
IIRIS
DANGER OF
INFLATION
UNION
DEMANDS
NEW BUICK
ENGINES
,1‘
AFTERMATH
OF WAR
White Bermuda Onion Sets, Turnips,, Spinach and Mus-
tard Seed This fine rain has pust good season in the
ground so this is a fine time to plant now.
today alter an investigation.
Chang's statement to the ofTiclal
after bullet fragments pierced his
lung
I !
! i
, . PROBLEMS OF
RECONVERSION
TALIAFERRO & SON
HARDWARE AND SPORTING GOODS
goo»A«ap
STIRES—-
JACK HODGES
East of Post Office
inflation. The danger
comes from three sources: first, the wartime
and current tremendous deficit spending of
against the interests of all the people ol out
country as much as they will be against
General Motors.
mtimnd-2
Pittsburgh
Paints
If wage and salary increases are made, it must Ise recognised that they increase costs and such costs
must Ite adequately reflected in lhr prices of products produced.
f
Rye Grass for Winter Lawns or For
Winter Pasturing.
FOR THAT WINTER GARDEN:
i
eu
Kiwanis Program
O
. , Given by North
Texas CI Exes
I
343
How Much II ill You Have to Pay for Your New Car?
How Long U ill You Have to Wait to Get It?
henehe
6.3 636
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((oov -’VI AN
BONAR &ORR
General Insurance
Boston Store Building
Phone 1510
soldiers overseas reacted to the la-
bor strife in America during the lat-
ter (Hirt of the Europcan struggle
the labor party in England won the i sassmnated but was slain accident-
recent election He said that the | ally by a Chinese corporal, Lt. Gen.
labor party promised better hous- Chang Chen, commander of the
' Chungking Gendarmerie, reported
■MBS
our government; second, the pent-up de-
mands lor goods and services to the point
where some are willing to pay excess prices
even in black markets to satisfy their impa-
tient and selfish desires; third, the desires of
equally selfish unions to take advantage of
the situation and force unreasonable wage
increases.
Inflation is the worst of all economic
diseases. It reduces the value of money in
terms of what money will buy. It reduces the
value of the savings of the people. It under-
mines security. It underwrites depression.
It destroys confidence. It creates unemploy-
mem. Inflation must he avoided.
I oday, unions in our plants
are demanding 52 hours' pay
North Texas Slate College.
Floyd Graham was in charge ot
music and presented Bob Humes’,
who played several accordian se-
lections, accompanied at the piano
by Jim Bob Floyd Bob Baker sang
several popular songs, accompany-
ing himself at the piano.
J G. Whisenand, introduced by
Dr. Sam McAlister, presided at a
program presented by the GIX tra-
ternity at NTSC, when humorous
sketches of "Sidelights on Winning
T he most serious threat we
face is that of runaway
TRUMAN DEDICATES TVA’s NEW KENTUCKY DAM —lluge new $1 10,000,000 TV A dam, above, at Gilbertsville
on the Tennessee River near Paducah, Ky., serving for nav igation, flood control and power production, was to be dedi-
cated today by President Truman. The dam is capable of impounding 2,000,00(1 acre feet of flood storage, cutting
crests of Mississippi River floods from Cairo southward Ilie lake creates a channel 18-1 miles long.Three generator
units totaling 96,000 kilowats are operating. Two more totaling 61,000 kilowatts are under construction.
Grubbs and Leland McCloud
Grubbs, stationed with the US I
Leland McCloud said that though tang.
many soldiers were highly disturbed | "I he shooting was purely acci-
over .strikes, others felt that much dental'—it was as simple as that,"
perform. It has the
know-how, the resources, (he courage to
push ahead. But even w ith these Wine assets
it cannot do the job alone. It must have the
goodwill and backing of the people of our
country.
Our second all-out effort to meet a critical
situation will bog down unless the real facts
are recognized and sound measures promptly
taken to solve the problems. Temporarily,
uhile we are liquidating the war, there should
he a sound national u age-price policy to
stabilize and expand the economy.
sors
permits wage increases without government
approval only if such increases will not re-
sult in a request to increase prices. The
formula the OPA has proposed for pricing
our new products does not recognize or allow
all the actual increases in our costs that have
been incurred since 1942.
Neither is there any provision in the pres-
ent OPA formula for increasing prices to
compensate for the additional costs that
would be incurred if wages and salaries were
increased at this time.
A sound and equitable solution must be
found in the interests of not only our 400,000
employes, but our 426,000 stockholders,
our 15,214 automobile dealers, who have had
no new cars for over three years, our 10,000
subcontractors and suppliers and their em-
ployes, and the more than 10,000,000 poten-
tial customers who are anxiously waiting for
new cars and our other products they need so
badly.
—8
American industry has
proved its ability to
drive by
Sikes Grocery A Market
Corner Acme and new Fort
Worth highway
Bewley stock a Poultry Peede
Good Quir Oasoiine, OUe
Telephone 8714
SAFETY
sown
, £
, 015
.c
'I
—
$
2-0,
Abe.bd
Chung said
'lien was arrested and Chang
said he Wvuld be punished accord-
1 mg to law Wu was reported near
i --* —2—
Sae
uorehva.na
-he- M--tr-eTmm
Army Intelligence in England tor I Shao shih, the Communist party
several years, told why he thought 1 se retary-general here, was not as-
tired when Li's chaufer ignored an
order to halt after his black sedan
severely injured Pvt Wil Ying-
Arc now available for 1937
to 1942 models inclusive. Give
tire old bus new life with one
of these new engines. See
them at -
HEADLEE’S
Coleman, Leland McCloud and
For adequate insurance, ।
consult this agency.
don’’
jos*
0o
. tre
S
icemen and women Tuesday at thelr '
weekly luncheon in the special din-
ing room at the Texas State College
for Women. The program was giv-
en by ex-servicemen enrolled at
' * • ; ■
L21 £+
emy propaganda He said he fell
that the veteran and labor will not
lx- too unfriendly toward each oili-
er, but will work together to solve
their problems.
Special guests at the luncheon
were Brig -Gen Koger M Ramey,
' commanding general of the 85th
! Wing of the 20th Air Force, who is
, visiting his parents. Mr. and Mrs.
_e | death in the same hospital where
46 L.l died Monday night, two hours
1 (
moeem
internal strife and unemployment must be avoided. Only productive work and more good jobs will
increase our standard of living und satisfy the desires of the American people*
Death of Chinese
World War II" were given bv Bld | c . . .
Communist Leader
And it is better to always
have insurance and never .
need it than to need it just
once and no ’ have it
CHUNGKING, Oct 10 (P- Li
, N K
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A ' 55
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I . t 614,
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Frank Routh. More serious talks ID . a A . . .
were briefly given by Kenneth i Kuled Accedental
Runaway inflation must be avoided. If an adjustment in price levels must be made at this time, the
interests of all the people must be fairly considered.
terribly wasteful in blood and treasure. This
one was especially so. It was not prosperity
even though to some it may have seemed to
be. And the immediate aftermath of such a
war cannot be prosperity either. The clean up.
the mopping-up, the reconversion still re-
quire hard work. patience, understanding,
and some'sacrifice on the part of all of us.
. .>
M L. Ramey, and John C. Hensley,
discharged veteran enrolled at
N ISC who was a member of the
tamous "Lost Battalion" captured
in Java in 1942 He was held a
prisoner in Burma for three and
a half years.
Other guests included two ex-
service women, Miss Elizabeth Ann
Miller, WAVE, and Miss Edith Mc-
Kinley, WAC Both are students
at NTSC. Dr George M Curtsinger
of Westfield. Mass , past president
ol the Kiwanis Club while a facul-
ty member at NTSC, also was a
special guest.
GENERAL MOTORS
I . . ’
More and" Better Things for More People ,
e
■ * ■ ■ ■ i.. :
While the war is over,
the aftermath of war pre
sents big problems. Wai is
who have been living under very
bad conditions, and that Winston I
53•-- '
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E ■■ -jpy, .im
wnAtzauIe
Churchill did not make l hem such I Chinese Central News Agency
promising offers He attributed ' quickly shattered a theory that Li.
much of the unrest to GI s in Eng- n ardent Communist once jailed
land who spent money freely, and i tor bis political activities, had been
told of America's high standard ol j assassinated.
living. I The general said investigation
In speaking of how American I disclosed that Cpl Tien Kal-fo
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gosjccahicssuona
WAGES AND General Motors wages are
PRICES now at an all-time high
and are importantly higher
than the average wages paid throughout the
The present government stabilization policy
apn
NOl want id I alle to re-
place your property without
financial luss to vourself,
when t heunexpctee happens
that’s why you insure.
Tests •how Good-
ytar DeLuxe tires
givo longer troad
wear ... an ex-
tra margin of ser-
vice and safety
that swings the
balance in favor
of Goodyear. Buy
wisely...go
farther, safer . . .
go Goodyear!
$1520 •
60ox 16
s=
12
REAL In a free market and in the absence
PRICES of subsidies and speculation, the
cost of human effort, be it in the
form of wages, salaries or other forms of
compensation, quickly determines the price
we pay for goods.
Higher wages without a corresponding
increase in productivity are inflationary.
Nothing is gained unless higher wages mean
more goods and services, more customers
and more good jobs. This requires individual
application to the job in hand and technologi-
cal progress all along the line—better ways of
doing all the things that must be done to
produce and deliver products to customers
at reasonable prices. This takes time.
A minority, by monopoly or by pressure
group action, may temporarily profit at the
expense of others. But the idea of wage in-
crcascs all along the line without a corre-
sponding increase in productivity is a delu-
sion All the pcople cannot lift themselves
by their bootstraps.
INDUSTRY Our fighting men crushed
ON THE JOB our enemies w ith the huge
quantity of weapons pro-
duced by American industry. But that is
behind us. We would like to have been better
prepared for peace, but the terrific demands
of the war for men and materials did not
make this possible. Now we have planned a
second all-out effort and stand ready and
anxious to do an equally impressive job.
W hy Do Yvu Need
Insurance?
for 40 hours’ work. Their de-
mands if granted would result in over 67
hours’ pay at present base rates for 48 hours
of woik where plants arc working on such
a schedule.
Equivalent or greater demands have been
made on our suppliers—the parts manufac-
turers—the electrical industry—the steel in-
dustry — the rubber industry — the oil and
gasoline industry—the railroads—in fact, on
practically every industry involved in the
production of automobiles.
RECONVERSION Strikes are threatening
BOGGING the entire automobile
DOWN industry. General
Motors is being speci-
fically singled out for attack to enforce un-
reasonable demands. Some of our plants have
already been closed and shipment of mate-
rials from the plants of many of our suppliers
has already been stopped by strikes.
The interests of all Americans should be
considered. This is not only a General Motors
problem. It is a national one as well. If our
1
‘ Fl
Li
WARTIME _ General Motors did not make
PROFITS "big profits during the war.
Although sales and employ-
ment doubled, the average yearly net profit
in dollars earned during the war was less
than the average prewar net profit. Divi-
dends paid to stockholders averaged less than
those paid before the war.
The war profit limitation policy voluntarily
adopted by General Motors immediately after
Pearl Harbor was so reasonable that the re-
sulting profits were accepted in renegotiation
without change by our government for the
years 1942, 1943 and 1944.
During the war, Victory Was Our Business.
Khpsls
iMe
EXCESS WAGES Demands are being
REFUSED made for higher wages
without any corre-
sponding increase in production, on the as-
sumption that the additional costs can be
absorbed from profits previously earned or
from uncertain future profits.
General Motors cannot use money saved
up for many years for the purpose of
modernizing and expanding its plants and
providing more good jobs, to pay excess
wages for work not performed. The money
cannot be spent twice.
Neither can excess wages be currently
paid from presumed future excess profits
when a realistic forecast of costs shows there
will be no such excess profits.
Nor can we pay from current income the
increased wages demanded when the present
OPA policy holds prices to substantially
1942 levels—especially in view of the fact
that there have been important increases in
wages and operating costs since 1942.
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Denton Record-Chronicle (Denton, Tex.), Vol. 43, No. 49, Ed. 1 Wednesday, October 10, 1945, newspaper, October 10, 1945; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1430836/m1/5/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Denton Public Library.