Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1955-04-22
KNOWLEDGE CANNOT BE
T,EGTST ,ATED

6&o~I
KNOWLEDGE CANNOT BE
LEGISLATED
At the close of the Senate Banking Com
mittee's study of the stock market, Senator
Robertson of Virginia a committee member,
said: eve have proved the market was not
rugged and that there is no speculation of
dangerous character" The chairman, Sena-
tor Fulbright, said that he could see no reas-
on for further public hearings though ordi-
narily he had planned to call them at later
date.
President Funston of the New York
Stock Exchange, one of the principal wit
nesses before the committee, said that In his
opinion the inquiry will result in a greatly
increased public understanding of that mar
ket, and at the same time it underscOres the
need for a continuing program of public edu-
cation AS he put it, eff we are going to
achieve a more enlightened economic demo-
cracy more education is essential Education
is painstaking process. knowledge cannot
be legislated or shot into the bloodstream."
A great many people have no accurate
understanding of the function of the stock
exchange. Actually, the exchange is the most
effective instrument In existence for spread
ing economic democracy. Every time an in
weston makes his first stock purchase, Amer
lean enterprise gets new owner and a new
boss-which is democracy in action. And
cracy a country achieves, the stronger will
! be it's political democracy.
Anything which contributes to an under
standing of that will do this nation service.
5000
AUTHOR OF MARY'S LAMB
The schoolhouse to which Mary's lamb
followed her one day, inspiring the famous
poem, is still in existence at Sudbury, Mass,
the National Geographic Society has recent
Nv Civic OF, of
Mass, it was moved to Sudbury by Henry
Ford, when he bought that towns Wayside
Inn, made famous by Longfellow. 1t is still
used as a classroom for Sudbury grammar
school children.
The poem itself was written by one of
the most remarkable women this country has
produced. Mrs. Sarah Josepha Hale, who
wrote MARY Had a Little Lamb in 1880,
was the editor of Godey's Lady's Book, the
best known American mazagine of the mid
| 10Th century, still familiar for its colored
fashion plates. Besides editing, Mrs. Hale
found time to champion elementary educa-
ton for girls, advocate women as school
teachers, help organize Vassar College, our
first woman's college, give the language the
term domestic science" start the first day
nursery, establish the first Sailors Home,
suggest public Fairgrounds, raise money to
finish Bunker Hill Monument help preserve
Mount Vernon as national memorial, and
make Thanksgiving national holiday.
Any one of these achievements would
bring its author fame, but all of them make
an extraordinary total Besides which Sarah
Josepha Hale wrote Mary's Lamb.
~ZoNE
| WHEN A TARIFF. ISN'T A TARIFF
Most people think of tariffs in terms of
protecting jobs, or preserving industry. But
there is case when a tariff increase was i'm
posed for different purposes altogether. That
was the tariff increase on Swiss watches an
nounced last summer by President Eisen-
hover. This tariff was put on for one reason
and one alone: national defense.
No other industry works with such tiny
tolerances as the highly skilled technlcians in
the American watch industry. They are the
only people in all of America who can make
the tools for guided missile heads. In fact
committees appointed by President Truman
and Eisenhower both declared the U. S. watch
industry essential for our national defense.
/ The Swiss now have 85 per cent of the
American watch market Many skilled U. S.
lwatchmakers, because of the flood of i'm
ports of Swiss watches, have had to go into
] other fields and their skills were lost to our
defense program That is why the Office of
i Defense Mobilization not only declared jew
eled watch making an essential one for our
national security they also said that we were
below the danger point in the number of
watch makers needed for war production.
So we got tariff increase on watch inn
ports, not for trade purposes, but for ma
';o~al SECURITY reasons.