The Bartlett Tribune and News (Bartlett, Tex.), Vol. 60, No. 4, Ed. 1, Friday, November 1, 1946 Page: 2 of 8
This newspaper is part of the collection entitled: The Bartlett Tribune and was provided to The Portal to Texas History by the Bartlett Activities Center and the Historical Society of Bartlett.
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Ffciday November 1 1946
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INVESTORS FEAU FUTURE
UKSl'ITE BRIGHT PROMISE
WASHINGTON. - The Sleclmnn
report laid down statistics showing
us to be living in Just about the best
possible of all economies but the
stock market docs not believe it.
The reconversion office direc-
tor John Slcclman told tho
President In his quarterly re-
port that business profits arc
"at the highest point in history"
farm income has risen to "an
all-time high" production is at
Its ton peacetime record nation-
al Income Is unprcccdcntcdly
"the highest" and unemploy-
ment Is a measly two million
yet the market falls.
Concerning this phenomenon
Btcelman soys only "the severe de-
cline in the stock market . . . indi-
cates uncertainties in the minis of
business men." But about this Steel-
man has no uncertainty. He pre-
dicts "net income of proprietors
dividends and other income pay-
ments also will increase." In the
.face of this official promise of
greater earnings the stock market
continues to decline.
UNREALISTIC CONCLUSIONS
So the peculiar confusing condi-
tion has arisen in which no one de-
nies the Steelman report yet no one
pays much attention t Jl -a stale-
mate in optimism and pjsumism in
which no one seems likely to change
his mind. The business people as-
sert behind their hands the report
should have been issued by the
Democratic congressional campaign
committee as it is purely a cam-
paign document. The administra-
tion is taking the best possible and
in this case a wholly unrealistic
view of conditions merely to influ-
ence the coming voters. No .one
has taken the report apart to ascer-
tain where it is wrong while con-
flicting claims fill the air and be-
wilder the judgment.
The fault behind the whulc re-
port is basic. Vou can sec this
perhaps most clearly in consid-
ering the claim that profits now
are at an all-time high in his-
tory. Steclman's figures calcu-
late them at above 10 billior
dollars this year while in 1941
lithe last peacetime year they
Were around 9 billions. But
Steelman has absolutely forgot-
ten to measure this increase
'against tho price hikes since
1941. If he did he would find
profits have declined. He has
measured the dollar volume of
profits without considering how
the dollar has shrunk. He has
truthfully compared figures
which may be sound enough
to get an unsound result.
Thus his figures condemn his own
conclusions. He says national in-
come was 97 billion dollars in 1941
when business acquired the nine bil-
lions of profit but now he says the
national income is 167 billions and
business earned only 10 billions.
Thus he unwittingly concedes busi-
ness is making much less profit in
percentage of income from sales.
This gross defect half-justifies the
comment so frequently heard
among business people namely:
"We have had inflation for every-
thing except profits."
OPPOSITION TO OPA GROWS
Now I do not feel much confidence
iri government statistics on prices
or wages. I know wages have gone
up only 18 to 27V4 per cent in cer-
tain unions but not generally. The
national average must be far less
ithan 18 per cent. Also I know it
costs me more to live now than the
government index says it costs. In
any event I am willing to accept
Steelman's conclusion that real
wages (after taxes) are actually
down some from prewar days when
measured against actual price in;
creases.
In the face of this criss-
crossed economic situation you
can well understand why the
market goes down. General
Motors and possibly U. S. Steel
are not operating at a profit to-
day. Investors fear the unions
have squeezed much profit out
of business and with a sympa-
thetic administration in power
will continue to squeeze the
golden goose until all profits are
gone and the hazards of con-
ducting' a business do not war-
rant investment. Furthermore
people have been throwing their
money away and as the Steel-
man report points out there is
danger that buying will not keep
up at recent demand levels in
the face of price increases. '
For these reasons seeing thr
most glorious business opportunity
any nation ever had for indefinite
peak good times fading upon the
horizon AFL Pres. William Green
practically joined Senator Byrd in
demanding abandonment of OPA
prV:e ceilings except for rents and
gome other items. Labor itself
must be coming to the conclusion
QPA should be relaxed to allow
some inflation of business profits or
there will soon be less in the pot
i&c wages And Green is coming to
thi conclusion after haying led the
fight for OPA continuance. -
ill
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MEAT ON WAY BACK . . . Buyers for major meat packing firms sit on pen fence rails at Kansas City
livestock market as they bid for first control-free cattle since OPA restrictions were rc-imposcd. Early bids
showed increase of $5 over OPA ceiling prices. Other stockyards report similar reaction to the lifting of meat
ceiling prices with little relief found in the cities in the first days of decontrol.
DREAMBOAT AND RECORD-MAKING CREW . . . The crew of the Pacusan Dreamboat which flew from
Paris to Wcstovcr field Mass. in 12 hours and 25 minutes more than two hours faster than the record
claimed by a commercial plane last year. Crew members are Col. Clarence S. Irvine St. Paul Neb.; Col.
B. J. Warner Omaha Neb.; Lt. Col. F. J. Shannon Philadelphia; Maj. J. R. Kerr Arcadia Calif.; Maj.
J. R. Dale Wise1 Va.; Maj. J. P. Brothers Knoxville Tenn.; R. S. Snodgrass Seattle; MS F. J. Vase Hunts-
viilc Va. and Maj. N. P. Hayes Seneca N. Y.
MANAGEMENT SERVES COFFEE . . . Shortly after a picket line
was placed around the Cinccolor corporation's film plant at Hollywood
pickets were served with hot coffee and cigars by the management of
the corporation under the direction of its president William Cespincl.
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NOT BOUND By DECISIONS . . . During closing days of the Paris
peace conference Stanoje Simlc Yugoslav ambassador to the Untted
States right said that Yugoslavia does not consider decisions binu
Ing in which Yugoslavia is concerned. With Simlc here are Russian'
Foreign Minister Molotov left and Ljubo Leontlc Yugoslav ambassa-
dor to London. They asked a chance for Yugoslavia to tuakof her views
Known ueiore nnai uecssions are
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LINKS ENTHUSIAST . . . Gen.
Divight D. (Ike) Eisenhower U. S.
army chief of staff is an expert
in the art of "follow through" as
he proved during golf round.
ACCEPTS FOR DAD . . Herman
Talmadge son of Eugeno Tal-
madge who managed his father's
campaign for governor in recent
Georgia primary is shown as he
delivered his lather's acceptance
speech at convention in Macon.
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In WASIIINGTOH
By Walter Shoad
WNU Corrttponcftnl
WNV Wtshlnttcn Butttu
lilt En St.. N. IV
Farm Organizations Split
On Sec'y Anderson's Plan
D EPRESENTATIVES of the big
farm organizations have re-
turned from Buffalo where they held
a four-day love feast and announced
themselves'ln perfect agreement in
tho development of plans for co-operating
in formulation of agricul-
tural policies and programs and in
major agricultural objectives.
In the first meeting they held with
Sec. Clinton Anderson of the deport-
ment of agriculture they split wide-
open over reorganization of the Pro-
duction and Marketing administra-
tion of. tho department.
Secretary Anderson explained
that his reorganization plans an-
nounced as effective October 1 have
for their objective the elimination of
"road blocks" and the formulation
of a straight line of communication
for the farmer and the farmer coun-
ty committees direct to the de-
partment in Washington giving the
county and state committees more
responsibility in the administration
of their policies and decentralizing
authority in Washington.
The Farm Bureau federation and
the Farmers Union declare they are
disturbed and fearful that just the
reverse will be true under the re-
organization plans and that more
power will be centralized in Wash-
ington and that the Triple A will be
liquidated.
The National Grange and tho Na-
tional Councilof Farm Co-operatives
declare that the objectives of the
secretary are their objectives and
how he brings about these objectives
is the secretary's business; that if
the reorganization plan as he out-
lined will do the job they are for
it. If it does not do it they will
tell him about it.
Farm Bureau's Angle
As a matter of fact this reporter
sees in the attitude of the Farm Bu-
reau in opposing the reorganization
signs that the plan may step oh the
toes of some Farm Bureau friends
in the department of agriculture.
For the Farm .Bureau has spent
much time and effort in placing its
friends in high places' in the old
Triple A organization from the top
here in Washington on down the
line to the state and county com-
mittees with the Agricultural Ex-
tension service playing a major role.
As it looks to this reporter the
secretary's reorganization plans
which follow identically tho report
of the Eisenhower committee ' do
not touch the county and state farm-
er committees which are the sum
and substance of the Triple A pro-
gram. In transferring certain du-
ties from Washington to newly-created
commodity branches in specific
areas of operation direct lines of
responsibility are .fixed to which the
farmer can go with all his problems
eliminating the "middle-man" or in-
termediary which has proven ad-
ministratively unsound in the past.
What the reorganization is intend-
ed to do is to develop the policy and
planning organization in Washington
after consultation with farmers
with sole responsibility for function
and administration in the field.
The Farm Bureau announced that
it had lodged a protest with the
President over the proposed reor-
ganization and is seeking to hold
off final adoption of the plan until
it can consult with agricultural lead-
ers in congress. As a matter of
fact however the secretary already
has consulted with these leaders.
The Farm Bureau also contends that
taking away some of the functions
of the field offices separates the
responsibility for formulating over-
all policies and the program of ad-
ministration which it seems is one
of the objectives of the" secretary
and the bureau doesn't like that on
the theory that it will act to con-
centrate rather than decentralize
power ip Washington
Have Leas 'Voice'?
The Farm Bureau declares that
under the plan the farmers will have
less voice in determining their prof-
grams and that while1 somebody else
formulates the program the only
service left for the old Triple A
is administration in the field.
On the contrary the department
contends and the grange and the
co-operatives agree the ayerage
farmer in the county committees
i will be in closer and in more direct
touch both with policy and adminis-
I tration than under the previous or
present system of administration.
At any rate the secretary has
promised the farm organizations
that the minute they prove to him
that the plan of reorganization is
not working out toward the objec-
tives agreed unon he will change
the operation until it does. This
seems a fair proposition. In the
meantime the reorganization will
Teleasu several hundred employees
by the elimination of duplication of
effort Jn the various commodity
fields If and when the program Is
completed. And tio one objects to
the ellntjnation of expense in any
governmental prog?am
CLASSIFIED
DEPARTMENT
AUTOS TRUCKS & ACCESS.
AUTO 8EAT COVUIIS
Enopny plaid fiber nnd maroon leatherette
doubta sewed. 1000 models. Sedans $11.83)
coupes $8.45. Sent COD postpaid. Lubbock
Bent CoTfr Co. IDIt-N I.vbboek Tex.
MISCELLANEOUS
VETEHAKS Send me your discharge pa-
pers with $100. I will send you two fac-
simile photo copies.
Ajiuij sou oi iiiicnnn oi. itiooiie. lis '
riCTUHE collectors. Bargain list ot Kn.
wallan pictures. Sample pnotos Send 25o
In stamps. IIICKAM PHOTO STUOIO
lllcknm llottslnr Honolulu T. II
MAIL ORDERS FILLED"
MEIILE NOUMAN COSMHTJC STUDIO
42$ Kress niilr. Houston 2 Texas
REAL ESTATE HOUSES
if you cour.D nuiLD five noon
bath home with two porches (or around
$1000 uslnn 60 less critical bulldtna?
material would you be Interested? Send
$1 for our neterence Source List
ni.ANKE
WOODKIDQE 18. Washington D O.
Jxa. yjouLjjdiWLdfjUy.
74. & Savinqb. (Bonddu
MeHfNeRwwm
Older people 1 If yon haven'tth
stamina you should beeam
your diet lacks tho natural ASD
Vitamins and enersy-balldlnr.
natural oils you need you'll find
good-tailing Hcott's Kmnltton
elps build stamina ntrgv and
retiitane to eoldf. 8e this
wonderful difference bay
Scott at your druggist's teddy f
fjlr9 10 nttr
5rfi tAifc uoumm.
TIGhT CHEST
RUB ON
MUSCLES
MENTHOIOTJM?
WTeKllgJl
BLEACHES BEAUTIFIES
Only iOll-OII glvt you rhsi plut qualltlig
Removes yellow discoloration.
Dislnfoets-Deodorlzos
-HSoals paint pores
-r-Rofro$honi color
all in one
operation
Beware Cough
from common colds
That Hang On
Creomnlslon relieves promptly be-
u5o it goes ngnc io.wo seac oi TJ
the'
trouble
ume to neip loosen an
expel
ffermloden Dnlerrm. and oil
to soothe and heal raw tender. In-
flamed bronchial mucoua mem-
branes. Tell your druggist to sell you
a bottle of Oreomulslon with the un-
derstanding: you must like the way Mi
quickly allays tho cough or you sire
to have your money back.
CREOMULSIOM
for Cough j Chest Colds Brow chitls
WNU P
4448
May Warn Qf Disordered
Kidney Action
Uodern life with Its hurry sod worry
Irregular habits. Improper estlnc and
drinking Its ruk of eiposur and nte-
tloa throws heavy strain on the work
of the kidneys. They are apt to becoms
over-taxed and fsll to filter eicesa add'
and other Impurities from the IKe-glvlnj
blood.
You may suffer narclng 'baekache
headache djttlneu gming up nights
leg pains swelling feel constantly
tired nervous all worn out. Other signs
of kidney or bladder disorder are some-
times burning scanty or too frequent
urination.
Try Bean's Pflli. Doaifi help n
kidneys to pats o3 harmful excess body
wato. They have' bad mora than balf
century of public approval. Are recom-
mended by grateful users everywhere.
lis your ntigMterl
K
5CM0R0UNE
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Ford, Robert C. & Ford, Nora Mae. The Bartlett Tribune and News (Bartlett, Tex.), Vol. 60, No. 4, Ed. 1, Friday, November 1, 1946, newspaper, November 1, 1946; Bartlett, Texas. (https://texashistory.unt.edu/ark:/67531/metapth81762/m1/2/?q=%22%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Bartlett Activities Center and the Historical Society of Bartlett.