davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1955-01-07
BURDEN OF PROOF

In one of her recent columns. Dorothy
thompson dealt with the question of govern
ment in business, using agitation for federal
electric power production as concrete illus
tratlon. At the end she, had something inn
pOrtant to say about what happens under
state capitalism term she prefers to the
more commonly used one of socialism. "The
most perfect example is the Soviet Union. +"
she wrote. why do the people of Russia
continue to pay taxes when the state which
owns everything and employs everybody has
all the profits that once went to private per-
sons Can't they support the state apparatus
out OF these? No, they cannot. And the rpa-
son they cannot lies in the nature of the
state as such, which is first and last the
police power and is absolutely Unsuitable.
Nothing the state gets from society Is
ever returned. At what point, then. sh0uId
It's aggrandizements be halted? / saw thew
should be halted whenever private persons
can accomplish the same things even approx-
imately as we'll. The burden of proof shonId
always be on the state" This princinIe
should be made the test of whether or not
70 put government into the power business
or any other form of business. There can
be no excuse whatever for having the gov
tesfnment do what the people can do for
themselves. Most important of all. limita-
gion OF government is the first essential stem
q haelN2lnlng any nations freedoms.
Milford chronicle., 1955-01-07

was the promise of balanced bud.
get A reduction of seven per cent
IN Government spending this wear
would place our affairs on a nav
as-yOu-gO basis without inereasino @
taxes. In the third year of his adj
mlnlstration it is time that he full
hlled his campaign pledge"
But on top of that 40 billions we
nave already given away to foreign
nations, now comes that new
foreign aid program for Asia While
II has been described as modest in
amount" perhaps we'uns-and SEN
ator Byrd-had better hold our
hats!
Atomic Storm
In case you have been puzzled
as who hasn't, over the temDest
stlrred up by the DixOn-Yates CON
tract to supply the Atomic Energy
commission with 100000 kw's of
Iree-enterprise electricity. our ef-
forts to unscrew the inscrutabIe
nave revealed the following es-
sential points:
The U. S. Budget Bureau sought
a private contract to avoid spend-
ing upwards of $10O.O 900 900 for
Facilities that might be required
only tempOrarily-and the bud-
geteTs were trying to cut expenses
remember?
This is not the Aces first pri-
Vate power contract. In its relative
ly short life, the Commission has
made two previous contracts. both
OF them for larger blocs of power-
one. in fact, for three times the
amount in the D-Y deal.
The lOudest protests have como
from those WHO wanted to see some
competitive bidding. That's what
the Government wanted too. But
since the contract is cancellabIe at
anytime-even before the generat-
ing plant is finished-there were no
other qualified bidders. This was be-
cause only the Dixon Yates group
was in position to markets these
100000 kw's to private customers
In the area of the plant if and when
the Acc might decide it no longer
needed any or part Of this power.
And then there are those who
think it is wicked to build power
plants and churn up electricity
with anything but tax money
especially when the taxpayers of
the whole USA kick in for a gener-
ating station that will serve their
community with tax-free power.
In MOscow's recent municipal
only 99.9. per cent of the
elaborate took the trouble to vote.
Of course eight-tenths of one per
cent could have been sick-or are
now But only 1854 per cent voted
for the 1S5 judges on the one and
only ticket.
Milford chronicle., 1955-01-07

The land is still useless for get
ting gold or silver, copper or lead
but uranium may have been foundl
AS a result, the land could increase
IN value in one week from $500 per
acre to $4,000 per acre! Some
old-timer who remembers the old
company has found a list of the
old stockholders and has written
them a letter Offering $1,000 a
share. AS the envelopes containing
these certificates was marked
"valueless," the family sold them
for $1,000 per share while TODAY
they are really worth 81 900 a share.
Stockholders Too Often Move Away
When you move from one house
to another and especially from one
city to another, be sure to write the
company in which you hold anv
stock of your new address. Don't
ever look at "valueless" certifi-
cate and say it is not worth a S-cent
postage stamp and the time re-
qulred for writing such a letter.
After too many changes of address.
your envelope comes back marked
unknown" and the company marks
you dead"
One OF the companies in which
my family has very large holdings
UNITED Stores Common, selling on
the American Stock Exchange for
So to S4) has nearly 100 such
stockholders who cannot be To-
Gated. Perhaps you are one Of these
stockholders. There probably are
hundreds Of other companies lust
like United Stores. This stock could
easily double or treble in value.
Never Sell DefauIted Bonds
When a stock stops paying divi-
Milford chronicle., 1955-01-07
BABSON DISCUSSES HFINDING FORTTVFg'

New York City, Jan. 6. / hav,
Just been asked by a Wall Stree
banker to help him get some So
called worthless" securities awav
from the readers Of this column for
a few cents "a certificate (not per
share).
worthless Stocks May Now Be
Valuable
hear that for every fifty Ger
tit1cates which this broker buvs.
he finds that forty-nine are now
worthless; but one is worth per-
haps $1,000. This would be a certifi-
cate which some company needs in
order to dissolve or consolidate
without any outstanding obligations
or complications.
OF course, it would be unfair to
my readers for me to advise them
what to do. But, I do urge you to
throw nothing away which looks
like a stock certificate even if your
father or brother says it is value
less and just cluttering up his
desk or safe deposit box. Please do
not send me any certificates to
look at, but show them to your
regular banker, if you wish.
Uranium Is Recovering Values
Most of these worthless" GER
tificates in your attic or desk
drawers are of old mining com
panies. They may never have been
any good or are of mines which
have completely 'petered out" The
company did not have the money
to dissolve legally, but some
rancher has paid the taxes for the
privilege of using the land for
pasture. Hence, the company was
forgotten after the stockholders
were told it was no good.
Milford chronicle., 1955-01-07

read the oath of Office thev have all
sworn, and find out very exbaustiva-
ly and specifically Just what makes
Judge Harlan tick. Never before.
since the days of George Washing
ton, at least, has the fate of the
nation been placed in one man q
hands. ''A .
Still Treadlng Water
A balanced Federal budget seems
a long-termed project indeed-if not
a political mirage. In discussinp Of
MS press conference the need IN
postpone the reductions in the COR
poration and excise taxes autO-
matlcally set for April 1st, Presi-
den Eisenhower said that expen-
dltures had been cut to what was
considered the safe minimum.
According to Congressional lead
ers, the new Administration budget
request will be for sixty-three biI-
lion dollars, which would. entail a
deficit of three billions. even if
the present corporation and excise
tax rates are maintained. The Fed
eral spending-mOney for 1856 is
ABOUT the same as that for the fiscal
year ending next June.
Democratic leaders. who ara
again the wheels" in Congress. are
reported as generally favOring the
Administration program as revealed
10 them in White House Confer
ences. But there is at least one dis
senter Virginia's Senator Harry r
Byrd, who still, consistently and
vigorously opposes the idea of
spending more than you have.
Some time ago the Senator
pointed out that: "The 275 billion
dollar debt which we now owe is
equivalent to the full value OF all the
land, all the buildings, all the mines.
all the machinery, all the livestock
everything of tagible value-in
the United States. We are mort
gagged to the hilt."
In a more recent statement to
the press, Senator Byrd said. al
regard Secretary Humphrey as one
OF the ablest men who ever guided
the Treasury, but l am disappointed
ip his statement that there is no
prospect Of balancing the budget
for the fiscal year beginning July |
1, 1855"
Mr.. Byrd pointed out that this
will be "the 2Srd deficit year in the |
last 26" during which time we have
increased our debt from 16 to near |
ly 28O billions. He points out that
we are enjoying the greatest pros
perity in our history, that we are
not at war, and asks: "If we can
not balance the budget now, when
can we balance it? Are we on a
chronic deficit basis?"
THE foremost plank in President
tisenhower's campaign" declared
The Senator (whO voted for Ike).
Milford chronicle., 1955-01-07

Mr.. and Mrs. ]. Burton Carter
were guests at a lovely holiday
dinner on Sunday at the home Of
Mr.. and Mrs. Albert Jackson in
Seaford.
Mr.. and Mrs. Harry Pearson were
house guests Of their son and wife.
Mr.. and Mrs. Gerald Pearson dur
ing the holidays. They few in from
st. Petersburg, Fla, and while
here, were entertained at the Sea-
ford Inn in honor of their Golden
Wedding Adversary. Their guests
were their two sons and families
and Mr. PearsOn's three brothers
from Rochester, N. Y. They left for
home yesterday from the Dover air
port
Mr.. and Mrs. Palmer Hatfield
and children, Willard, Margaret and
Ellen were in town on Sunday visit
ing relatives and they, with their
mother, Mrs. Ethel Hatfield, had
dinner with Mr.. and Mrs. George
r. Wiley.
Mr.. and Mrs. William Waples Of
Milsboro were guests of William
Carlisle, ST., and Miss Florence
Carlisle on Wednesday. On Satur-
day, the. Carlisles were visitors at
the Jacob Hatfields.
Plans have been completed for
the 1855 March of Dimes Campaig1
in the Greenwood area. Mrs. John
Stevens, chairman for the cam-
paign, has outlined a number OF
projects which will aid in increas-
ing the sum Of money to be col
lected. Assisting Mrs. Stevens in
the door-to-door canvas viii be
Mrs. Walter Spence as sub-chair-
man. Others serving as sub
chairmen will be Mrs. Ebe Rev
nolds, Jr., Posters and coin col
lections; Mrs. Mia Schulze, rural
area east of Greenwood: Mrs. Alli-
son Davis, rural area west of
Greenwood; Mrs. C. Greylock
Noble, Collections from various
clubs and other organizations: and
Mrs. John Stevens, coin collections
from the local schools.
Mr. and Mrs. John Z. Stevens.
Mrs. G. Greylock Noble, Mrs. Ebe
Reynolds, JE., and Mr.. Allison Davis
attended the annual Kick on"
Dinner at Georgetown on Monday
evening. The list of speakers in-
cluded DR. Herbert Wagner, Re-
giOnal Medical Advisor; DR.. George
BONES of Wilmington; and former
Governor Eibert N. Carvel. State
Embarrassing chairman.
Mrs. Eva 0.Day entertained her
grandchildren and great
grandchildren during the holiday
season.
Mr.. and Mrs. Harry Fisher and
children were guests at a family
dinner in fredericksburg during the
holidays. FOrty-one persons were
present to make merry together
Mr. and Mrs, Wilson Owens
visited friends in BeAlin. Nd. on
Sunday and friends IN Georgetown
on Wednesday.
turned to the Naval Base at Pensa-
turnedtO the Naval Base at Pensa-
cola, Florida. after spending the
last two weeks with his mother,
Mrs. Lester Workman. Before leav-
ing, he entertained three Of his
chums who are also Nav-Cads,
IOscauiO Of New York City,
Tommy BizOnes Of Philadelphia
and Charles HOrWitz of Whining
Ton, The boys enjoyed Coffee
Snack before going on to the base.
Milford chronicle., 1955-01-07
Washington Letter = By Robert Nelson Tovlo

Editors NOte:-This column which
was printed on Friday, Dec. "a i,
being reprinted this week at thu
request of a group of Sussey
county Citizens, who believe fhe
message it carries is of vital in.
terest to all readers of the Chron.
icle.
| naa
Our UN.DOing
The sole obstacle in the patb nj
the one WOrlders". so far oe
americans are concerned, is the
constitution of the United States
and just how vulnerable this noble
document is, without the bulwark
OF a Bricker Amendment. is seen
IN the recent fOur-to-four tie in the
supreme Court on the authority of
Lne UN whether its DrO-
visions have the force of law in our
torty-eight states, and on the citi-
zens thereof.
Ihis is the first case" SAYS the
magazine Human Events, "to reach
the nations highest tribunal where
lsays the Chicago Tribune) the
issue has been directly raised
whether such a treaty can super-
sede the Constitution. Senator
Brlcker, with the Overwhelming
support OF. the American Bar Asso-
citation, has been insistently urging
that the Constitution be specifically
amendeds to prevent this from
happening, that if it isn't so
amended the door is open for de-
strOying the Constitution and the
nations sovereignty in a world
government by a mere treaty"
the magazine goes on to point
out that only three Justices of the
high court held in 1852 that Presi-
dent Truman had the power under
the UN Charter (but not under the
Constitution to seize the nations
steel mills, and that "the inter
natiOnalists have picked up one
vote on the high court since 1852"
and need "Only one more Justice" to
destroy the sovereignty of the
United States.
All this has sharply focused at
tention on Federal Judge John Mar
shall Harlan, selected by the Ad-
ministratiOn to fill the seat . made
vacant by the death of Justice
Jackson" And Human Events con-
tinues with this warning. "There
is general agreement among OBJ
servers here lin Washington that
the chief objective of the Admin
stratiOn in foreign policy is to
create a world government which
will necessarily destroy our ma
tional indepedence."
Certainly this is no time for the
Senate to indulge in another grand
gesture such as it's obeisance to
the Presidents nominee for the
most exalted post in the nation,
that of Chief Justice. Let the
gentlemen of our upper House re-
Milford chronicle., 1955-01-07

dends the price of the stock NAV
gradually decline, but no one gets
panicky. The stockholders hone for
a resumption of dividends. When.
however, a bond defaults, especially
a foreign bOnd-mOst bOndholders
think this is the end. The price of
the bond then suddenly drops from
around par to fifty cents on the
dollar. Discouraged bondholders
nave rushed to sell their bonds and
the price has dropped to twenty or
even less. But, in the course Of
years, many of these bonds re-
turned in value to $1,000.
Some of the hotels in the famous
sheraton Chain were built in the
gay nineties. The bonds were sold
for $1,000 each. Then they defauIted
and kicked about at perhaps 5000
for years. Finally. one of BostoD's
most courageous financiers. Ernest
Henderson, had faith in the hotel
business and bought up these bonds
They have since been paid off at
par.
What You Should DO
Before selling any "worfhlaeq
stock or defaulter bond, you can
send $500 to the Information Cen
ter at New Boston, New Hampshire
Ihis gives no investment advice hut
mas lists Of 10000 such stocks and
VIII pass along to you what report
II mas on file This is nOn-profit
educational association to help de-
serving people on business prob
lens. The $500 viii cover a full
years inquiry. In other words. you
can write again about the same
stock or bond anytime within 10
months without further cost to you.
Milford chronicle., 1955-01-07
WHERE THE MERCHANT SHIP IS
UNIQUE

A merchant ship is an element of war
Ships are the lifeline between the fighting
fronts and the production lines.
In this regard merchant ships have q
unique characteristic. The other elements of
War-fghter planes, tanks, guns, A-bombs-
are useful for nothing but war. The ship. on
the other hand is an all-important instru-
ment OF peace. 1t is almost universally agreed
that we must maitnain major merchant ma
rine against the possibility of war. But It
doesn't standle idle, waiting in readiness for
that grim time when fighting may begin
again. Day in and day out, on all the essen
tlal trade routes Of the world, American n1er-
chant ships preform a necessary service.
Foreign trade has far greater influence
than most of us realize on this countrv's pro-
ductive ability and living standards. Thous-
ands OF men and women who have never seen
an ocean, work directly or indirectly at pro-
duclng foods and manufactures for export
And foreign trade is two-way street-we
must import a long list of commodities, which
are not available at home. To depend on for
eellgn-fiag lines to indefinitely take care of
these shipments would be blind folly-if war
should come, their services might be denied
to us overnight
Vital IN war, vital in peace. That slogan
pretty well describes the American Merchant
Marine.
Milford chronicle., 1955-01-07
GREENWOOD
BY Mrs. EIVa Hatfield
Phone Greenwood 425s

PiigTim Holiness Church
Eta ClOugh, Pastor
1000 a. M, Sunday School
11:OO a. M, Worship Service
Sermon by pastor.
vice. 0pLS . ser
1880 p. m, Worship Service. Ser
Wednesday evening, 7:45 n m
Prayer Meeting.
Greenwood Methodist Church
Harry II. Conner, Pastor
1V:OO a. m, Church School.
ESO p. m, Evening Worship
Chaplain's Chapel
Trinity 0iioOl'
1000 a. m. Church School.
II'OO a. M, Worship Service. Ser
mon by Pastor. '0'
st. JOhnstOwn
LOO D. M. Church School
z'OO p. m, Worship Service
Sermon by pastor.
Greenwood. ,SLe. Grace Cannon
4ethOdist Charge
george II. MOOres Pastor
bethel Methodist Charge
$500 a. m, Worship Service sar.
mon by pastor.
IV:OO a. mv Church School Mrs
wary Paskey, Superintendent
trace Methodist Church
1V;OO a. m, Worship Service. Ser
mon by pastor.
Ii;OO a. m, Church School. Walter
MMllls, Superintendent.
TanhOn Methodist Church
10000 a. M, Church School
LI.OO a. M, Worship Service. Ser
mon by pastor.
news from Greenwood Methodist.
The st. Johnstown Womens' 60
clety will have their first meating
OF the New Year on Januarv "a
IN the church at 500. The Com.
mission on Education will have .
meeting after the Sunday School
session IN the Greenwood Church
On Monday evening, the Of1ciai
Board will meet In the Greenwo6d
Church. On Monday evening the
Ofnclal Board will meet IN the
Greenwood Church. On Tbnrsdsv
evening the Senior Choir viii re-
hearse at $500 in the church and
on Friday evening at 6.45. the
church. s
Thirty-fve attended the MYF
meeting on Sunday.
The Corners will have Omen
house at the parsonage on Sunday
Ior the families Of their congrega-
tions from 900 to 500.
Our church will cooperate with
other churches throughout the ma
ton in the Church Attendance
Crusade in an effort to enconrape
tne attendance at Sunday services
more regularly The theme this
year IS God is Our Strength-At-
tend Church every Week-Prav
every Day" Our church is nIan-
nlng a week of special services
from February 6-13. This win ~
known as the week of Christian
Fellowship. Our guest speaker will
De Mrs Irene hide. a former mis-
slonary and teacher, a talented
preacher, dramatist and musician.
The Sunshine Bible Glass win I
meet on January 10 in the Edu- 1
cational Bldg, Mr.. and Mrs. Alli- I
son Davis will be hosts. We hope
that we will have as large an at
tendance as1we had at the Decem-
Der meeting
Mr.. and Mrs Lyman r. Porter Of
Alexandria, Va, have returned to
their home after spending several
days with Mr. and Mrs. r. p. Rust
Mr.. and Mrs. T. P Rust. Jr.
visited Mr. and Mrs. Paul Lord
iuring the holiday season. 1.
Milford chronicle., 1955-01-07
HURRY IS eosTLY

NEW HAVEN Conn. az
Russell Erskine signed a note two
Years ago after an automobile ac-
cident agreeing to pay for the
damage done to the other car. Com
mon Pleas Judge John Il. Dwyer
has now ruled that Erskine must
pay 1910 on the note even though
the accident wasn't his fault Frs
kline explained he signed the note
because he was ia a hurry to get
to work.
Milford chronicle., 1955-01-07
FAITH IN THE FUTURE

future of our country and onr eonnonav co,,
make this 'the best year yet"
We must have an atmosphere which en-
courages confidence and that faith an
atmosphere in which men are inspired to
Try and try again, secure in the knowled0e
t1at they will not be despoiled of the fruits
q success either by cOnfscatory taxation or
3y the more insidious method of monetary
a greater understanding Of how our free
economy operates is essential in order to
overcome the economic fallacies which he
set the nation and to promote the acceptance
q sound, proven economic principles which
are necessary for making 1866 "the best
Milford chronicle., 1955-01-07
RGDN&
PREDICTIONS GOOD FOR 1955

Times Ahead To Be Best Ever"
lhat IS the title of a highly optimistic
aItlcie IN the December 18th issue of u. S.
News and World Report. The general sub
stance O II is found in the opening para
gfapn: The American peoples standard of
living keeps rising. Over the wears. IN snifa
Of high prices and high taxes, the average
!aInlly mas been able to afford more and more
iuNufles, better food, more vacations. a better
mouse. That trend Of the past is to continue
" years ahead In 1855, the standard of
liYlng- measured by real income-wilI hit
another all-time high. "Real" income IS
predlcated upon the amount of goods and
services ones earnings will buy, after taxes
There are obvious hazards in any econO-
mic forecast as many an expert has learned
g0 nus sorrow But the story that IT, S. News
one
ln q single decade, for instance. living
standards have. gone up 25 per cent. Manv.
people once feared that our population would
grow raster than our economy, which. of
course, would have meant a drop in per capita
income and resultant decline in living
standards. But the opposite happened in
stead. we have greater number of nom
eaFners than ever, which means that the earn
eIs T must support more people. Still, the rise
IA rear income has more than offset that
and by substantial and growing MARGIN.
In 1947, says u. S. News per canita
spending for personal consumption (based
on constant 1858 dollars) was 81 .339 In
'lS0O y was l,4O2. Last year it was an. esti-
mated 81 ,434.
Inc most obvious measurement of living
standards is found in our material possas-
sions. And here, despite wars and imitation
and everything else, we have been Qoing
g alleao az great rate. Where 70 per cent of
tae homes had electricity in 1910, practicallv
ail nave It now Only 40 per cent of the homes
naa mechanical refrigeration in 194O-now
sne Hgure IS so per cent. Seventy per cent
q our families today have cars, as against
OO per cent IN 1910. In the same. period. the
percentage with telephones has almost doub- |
leQ. 80 II goes, down an almost endless list. |
Home ownership is another big barometer
70 economists. Last year some 1913 per cent
o. 6ne families owned their homes. while OnlJ
45.6 per cent did in 1910.
There have been big improvements in the
average family diet too. U. S. News cites |
feo-meat cOnsumption- officially estimated 4
az 1865 pounds per capita last year as COM
pared with l54 pounds in 1910. Milk con-
sumption IS also up, and sales of poultry pro-
aucts nave been running at record volume
:, feWer new clothes are being bought. But
Iae magazine says, they are Of better quality.
Inc cnemlcaly-produc fabrics, such as
layon and nylon, are being bought at twice
reOple are enjoying more recreation and
better medical care too. To quote IT, s. News
once more, "Ihe trend toward improved Ii,r-
iiis STANDARDS, ~ fact, appears nearly everv-
where's despite the big increase in the non
working population and the larger size Of
young American families I"
Milford chronicle., 1955-01-07
JOE MAKERS

The Importance of retailing and other
service industries is pointed up IN 4 study
made Dy the University of MARYLAND. #
says The fact stands out that Maryland's
service industries perform more signif-
cant and essential economic functions than
are generally attributed to them. Specifically.
taey create more income payments to indi-
Wogals than does any other type Of activity
ih s.le state, not excluding manufacturing.
The situation In MANY other .stafae IS nm
douDtedly comparable. It has often been said
Jnat retailing IS the show window Of Amer
lea. e Is also true that the volume of busi-
ness done BY retailing and allied enterprise
ls one Of the best barometefs of the nations
economic well-beinQ.