Milford chronicle., 1953-11-20
&GA&R
FULL PARTNERS


FULL PARTNERS
Here's fact that will come as surprise
to most people: In a large number of leading
businesses the investOrs-thOse whose saw
ings provide the tOOls-actually are as numer-
GUS as the employees who use the TOOLS
The Exchange magazine has compiled
a list of 20 businesses, operating in diverse
fields including steel, automobile equipment,
so on. AS of a late date, these concerns en-
plOyed a total of 1,282,977 men and women
and they had 1,3O5,619 share owners, a
difference of less than two per cent.
This is not only true of all industry, and
cases could be cited where the number of
share owners and Of employees are far apart
But it shows that the inventor, about whose
problems we hear relatively little is both a
large and vitally important segment of our
population.
A substantial and swiftly-increasing pro-
portion of investors in the shares of industry
consists Of employed men and women. More
and more of these people are using part
of their savings to buy stocks both in the
concerns which employ them and in other
businesses in which they have faith. And a
growing number of corporations have estab-
lished payrOll-reductiOn plans whereby the
employees who wish to do so can buy stocks
in systematic, month-after-mOnth fashion.
What it all adds up to is that the investor
and the worker are partners, each dependent
on the profitable operation of business. And
they are increasingly becoming one and the
same person.
RETAILING LOOKS AHEAD
There is much discussion as to whether
or not business is in for a downturn. Some
fOrecasters are taking a rather gloomy view
of the future.
But others have much brighter opinions
to offer. AS an example, an official of retail
ing association with a membership made UI
of thousands of stores across this country
and Canada, said that retailers in genera
expect business volume to hold to high levels
and that retailing's expenditures for news
paper advertising and other sales prOnlOtiOna
efforts will also remain high.
The retailer is close to the people, and 81
he is unusually we'll equipped to tell how
business is going now and what probably lie!
ahead. Furthermore, the volume of retail
business is what decides whether times az,
to be good or bad Luckily, competitive
American retailing is geared to provide III
with what we want-and at the lowest posi-
BILE prices. 1t is the solid mainstay of thi
complex economy of ours.
5000
LET'S GET THE LIVE ONES
Harry Dexter White is, as most of us know
by now, quite dead. Ex-president Harr,
Truman is, we are thankful to say, ex-presi
dent We doubt there is any practical way o
visiting punishment on a ghost, and we hav
never heard of any procedure for impeachin
an eX-president.
Maybe Mr.. White was a spy, and maybe h
wasn't. At least nobody ever proved it on hin
and Federal grand jury, before whom h
appeared on espionage charges, failed t
indict. And whatever we may think of MI
Truman and his indulgent attitude tOwar
Good Old JOe", the time for concern owe
misfeasance or malfeasance in office expire
with the Office
In other words, we think the AttOrne
General of the u. S. and his associates wOul
be rendering greater service to the America
people, and be doing a better job of earnin
their pay, in going after the spies and sabC
teurs that are presently with us.
We shall profit more by the Mccarthy
Jenner and Velde efforts at making history
than the Brownel recitations of it.