Claude News (Claude, Tex.), Vol. 54, No. 2, Ed. 1 Friday, September 8, 1944 Page: 4 of 4
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IN TIME OF PEACE hundreds of
Phillips chemists and engineers devoted themselves,
in the class-bricked laboratory pictured above, to
search for product betterment.
Car-owners reaped the benefit in improved gas-
olines and lubricants, at prices which represented
ever-increasing value for the money.
IN TIME OF WAR, Phillips research activities
are sharply focused on the requirements for victory,
and the U. S. Armed Forces . . . and you, not as a
car-owner but as citizen and taxpayer . . . reap the
benefit in improved products, at prices which repre-
sent ever-increasing value for the money.
The Phillips airplane pictured above, with its
unique test and measuring devices, is also a labora-
tory ... a flying laboratory for a Phillips pioneering
research project. Phillips recently was/a/to conduct
a flight test program to determine the anti-knock
performance of aviation gasolines. . . not in earth*
bound test motors ... but in combat-type engines
under actual flying conditions.
PHILLIPS HIGH PLACE in the war production
of butadiene for synthetic rubber, 100-octane avia-
tion gasoline, and other petroleum chemicals, is the
result of Phillips long years of peacetime research
to extend the frontiers of knowledge concerning
hydro-carbon chemistry.
Who can predict what great new benefits will
flow to motorists after victory, as the result of
Phillips wartime exploration of the limitless pos-
sibilities of the chemical production of new and
better things from petroleum gases as well as from
petroleum!
"This much can be predicted with confidence:
With the coining of peace, car-owners will be offered
a vastly improved postwar Phillips 66 Gasoline.
In the meantime, whenever you see the Phillips
66 Shield, let it remind you that Phillips great
refineries are gigantic chemical plants pouring out
weapons for victory.
Phillips Petroleum Company, Bartlesville, Okla.
YOUNG AMERICA DOES ITS BIT, TOO
FOR VICTORY... Buy (J. S. War Bonds and Stamps
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CHICAGO, ILL.—Herman Oost, Harvard, 111., above, is shown with
his prize winning Berkshire cross hog which was awarded grand
champion honors at the Junior Champion Hog show at the Stock Yards
here recently. Oost is one of America's young farm boys who is
aiding in the government's big drive to increase food production, and
raising Berkshire hogs is young Oost's contribution to the program.
Berkshire cross hogs swept all honors at the show, also winning top
'awards in both champion pen of three and champion pen of five, shown
by other young Mid-west farmers.
(Australian News <fc Info. Bureau)
Australian troaps in a remote section of northern New Guinea bring ashore supplies of food and
> immunition destined lor Vankce forces in that area. In the last year Australia has spent more than
a.iJ",000,000 oil reciprocal lend-lease materials for Americans in the Southwest Pacific. Thus Yank-
• Aussie cooperation at home Ls matching Yank-Aussie Valor on the far-Hung lighting fronts.
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COLLEGE OFACRlCL/LTURE
VWERE 5MFEP WEAR COTTOV
Cr;ERCQAT« TO PROTECT -TV!?IR
WOOL WEflTVlER, OlRT
AM? ^WTCHir^ BKUtA
1-
; Producers Utilities Corporation t
Buy More War Bonds
Bring In Your Scrap Iron
and tor PROMPT and efficient service
as well as ECONOMY and SATISFAC-
TION there is nothing that beat;:
NATURAL GAS
Quick Heat - Clean - Satisfying
SAVE 10% BY PAYING GAS Bill, BEFORE
TI1R 10th OK EACH MONTH
Distributors of Natural Gas in the Cities
of Claude and Goodnight, Texas
I. M. YA1BERRT. RM. M*T.
Oitam. Trim
LEO PATTERSON. Cash.
Phone 183. Claud*
TRT IT ONCE AND EOU WIU. ALWAYS CSE NATURAL OAS
FARMERS DO THIS!
CHECK IT OVER. If any parts are
worn and need replacement make a list
and order them now. As you ride out of
the field with your harvesting done
there's no better time to plan needed
repairs. You've just been working with
your equipment and every detail of its
operation is clear in your mind. If you
wait until next season you're bound to
forget many of the important little
things that make a big difference.
FARMERS GRAIN &
YOUR "SHIP WILL
COME IN" Sooner
By trie Aid of Newspapof(
ADVERTISING.
IMPLEMENT CO.
Claude,
Groom,
Texas
REMOVAL NOTICE
Mrs. O. K. Mayo
Announces the Removal
ol
MAYO DENTAL LABORATORIES
to
221 Nunn Bldg.
Amarillo. Texas
Dependable Service
Since 1906
Osgood Monument
Company
Hhone 2-0614 800 Taylor
Amarillo
Wake Up, America
Attd by
FRED O. CLARK
Chairman, American
Economic Foundation
Should Prico Controls Be Maintained
in the Postwar? _ ,
At debated by
Dr. Sherwood M. Fine,
Economist and Author of the recent
book "PahUc Spending and
Postwar Economic Policy"
Dr. I.ewlt H. Ilane*.
Professor of Economics.
New York Unlrerslty
DR. FINE OPENS: Can the Amer-
ican economy risk the consequences
'of the removal of price controls as
soon as victory is won? Such a step
would Jeopardize the fruits of vic-
tory so dearly bought. There is no
surer way of undermining the transi-
tion to a healthy peacetime economy.
The strongest argument for the re-
tention of price controls is found in
'our unhappy experience after the
close of World War I. Not until
eighteen months after the guns
ceased firing did the Inflationary
spiral reach its peak. Forty per cent
of the entire price rise attributable
to the war took place after Novem-
ber 11, 1918. Why drop price control
in the transition period? Has price
control hurt business? No! Corpora-
tion profits have hit all time lii^hs
Bnd business failures established new
lows under price control. Farm in-
come, too, has readied record levels.
Most important, price control has
made possible the greatest production
this nation has ever known. The old
adage of "Whatever goes up must
come down" is especially true of
wartime inflation. In the eighteen
months after the World War 1 peak,
prices collapsed and with them burst
the inflated and synthetic postwar
bubble. Should wo again sacrifice
stability for illusory prosperity?
DR. HANKY CHALLENGES: Can
the American economy risk the ex-
tension of war price-fixing when
peace comes? War pricc-fixinj! nui't
be dropped so we can have a transi-
tion to peace, and return to the dem-
ocratic condition of free individual
choice. In all wars vast unproductive
debts and unsound credit expansion
occur. In this, price-fixing makes no
difference. According to Dr. Fines
statement, 00% of the price rise in
World War I came before ponce, dur-
ing the attempt to fix prices. The
best way to bring prices down is to
free the economy from price-fixing,
and let the debts be liquidated PVice-
flxing in both wars has caused scii-
ous maladjustments ar.d bad slioit-
ages and "squeezes."
DK. FINE REPLIES: Present price
controls should be maintained as
long as lifting them would mean a
significant increase in prices. Price
control admittedly has boca imper-
fect but without it the cost of the
war would have been vastly greater;
insufTerable burdens imposed upon
war workers and production diverted
into unessential channels. In periods
of war and postwar shortages a "free
market" exists for the seller alone.
America's splendid production per-
formance is the best answer to criti-
cism that price control discourages
output. Let us not be fooled by mis-
leading cries of regimentation-gov-
ernment wartime controls are help-
ing us win the war. They will iieip
Vis win the peace too.
DR. HANEY OPENS: Prlcei we
right—not too high or too low—when
they represent values which are a
free balance between the desire* of
individual buyers and sellers. Ther4
is only one way to get such prices-^
let all interested individuals "vote
by bidding for or asking for goods
in free markets at prices they think
them to be worth. No government
bureau can make such prices. Even
if an allwise dictator existed, h*
would have to approximate the re-
sults of competitive markets. But In
a democracy politics are bound to
intrude. Pressure groups arise. Inef-
ficiency is general. "Squeezes." mal-
adjustments. discriminatory bonuses
or penalties are the rule Price-Axing
would break down, save for steps t<>
control all conditions of demand and
supply which lead toward a manage^
economy, managed currency and corn
trol over wayes. Price-fixing mis-,
dlrccts and reduces the main lncen->
tive to production; lends to prevent
output increases which might mini-
mize the erects of Inflation. Price-
fixing should not be extended. It Is
harmful to society. In wartime, It
may be expedient to some extent,
but it's then associated with produc-
tion control, rationing, restrictions
on individual spending by means o{
wage regulation, high taxes, pressure*
to buy government bonds. Thes«
mean near regimentation of ceonnmio
life, w'.iich mnrt Americans don't
want. Even with them, we have
bine!; markets, up-grading, quality
deterioration.
|)H, FINE CHALLENGES: The
"free market" in time of war and
postwar shortages is the playthlnq
I of ti e profiteering speculator and
! unscrupulous merchants — a seller a
! paradise. In Dr. Hane.v's "free mar-
] I:et" the wealthy would outbid the
j ;ibor. Government prico cuntrol has
! maintained the nation's purchasing
I power despite great inflationary
I pressure. Dr. Huney's concern for a
j free economy is not shared by Amer-
! iceri management. By "free indlvld-
: nal choice" 17 lending industrialist*
! in a Life Insurance Poll this month
Lulled tlir.t the gicutest Inflationary
per.I wu:i!d tie faced in the postwar
! transition I erlod and thai price con-
! i! ol should not only be retained but
I strengthened until that danger was
I over.
DR. IIANEV Cctl'LIES: Dr. Fine
i mixes his war and postwar ideas.
There will be more surpluses than
t shortages in postwar times. I stand
.or free markets when the war ia
I won. 1 don't care whe her manage-
' ment shares ir.y concern for .free
markets or not. Anyhow, the vast
t majority ef businessmen oppose ex-
! tended price-fixing. Dr. Fine can
have his 17 "industrialists." Free
markets stimulate mass production
of the goods the masses demand. A
wealthy man can always outbid a
poor man in any market, including
the present black markets. Free mar-
kets make for abundance, and by
preventing monopoly and profiteer-
ing tend to keep people from gettinf
I too wealthy.
First Lady of IhmJe Island
mm -«f (^*
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KKm ' *
t •• (I
—Photo by Wynn Richard*
Mrs. J. Howard McGrath, wife of the Governor of Rhode |*.
land, joint the Cotton Industry'• "First Lady" portrait parade la
September. She i* thewn above with her ion, David, in • •trikiae
photograph made by V/ynii Richards in the Governor'* home in
Providence. Mri. McGrath wean a navy blue dinner Jriu of cat-
ton square-meth net designed especially for her by Madame Eta af
Ren-Eta, outstanding New York fashion authority. David wear* a
• uit of white Palm Beach cloth. This portrait i* the nineteenth in
a series being published by the National Cotton Council and ska
Cotton-Textile Institute.
MAYBC
y<x. Can Mailt
Money Witlwal
ADVIKTISING-
« PRINTING ,,
to Order at Our
PRINT SHOP
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Waggoner, Thomas T. Claude News (Claude, Tex.), Vol. 54, No. 2, Ed. 1 Friday, September 8, 1944, newspaper, September 8, 1944; (https://texashistory.unt.edu/ark:/67531/metapth353886/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Richard S. and Leah Morris Memorial Library.