davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1956-06-29
Babson Discusses Making Money In The Stock Market

amounts to over $17,000,000 with
market value on December 81,
1866, of $36,000,000. Approximately
S6,000,O00 received from Patents
and Royalties they gave back to
the University for new buildings
and increased salaries.
| might also give the names OF
individual clients which my or
ganization has helped along these
same lines. l could also cite MEN,
Der of my family who during fifty
years increased $500 to over
81 100000 by putting the dividends
and profits back into newer in
dustries when they were unpopular
and selling these when they be-
came popular Meanwhile the fund
was kept well diversified with only
comparatively small amount in
each industry, so risk was pretty
well eliminated. All this required.
however. considerable work as thu
entire fund was turned over prob
ably once in ten years. In this
case, no attention was given tc
general market conditions or to
tho investment cycle
The Report OF A Psychiatrist
Let me close with a story which
one of my valuable associates, John
D. Riordan. tells. 1t concerns 4
friend who had nervous break
down on account of his over
capacity in the stock market. One
day when the patient was living on
the couch and telling nf his early
life. the Dsychiatrist said. Il under
stand what got you into all this
trouble. The first thing vcu seem
70 remember is your mother rock
ing you in the cradle and singing
Bye 10. Rve 10. Baby You IN
terpreted this to mean Buy low
Buy low,'"
Milford chronicle., 1956-06-29

AUTOMATION MAY BE KEY TO
OUR SURVIVAL

Those who are solemnly debating whe-
Their automation is good or bad might well
stop and think what it would be like if we
had not had automatiOn (under the older
name of scientific Industrial progress) for
the last 100 years. With the productive
equipment and methods of the 185O's, it
would be simply impossible to support the
165 millio1 Americans now alive.
Population has increased from 1905 %
million to the present 165 million. In the
next 20 years, we will have about Sc million
more people in America than today Obvious
ly, todays output will not support an addi-
tional Sc million. We will need more goods
and jobs, more Of everything, for our fast
growing nation.
Progress often creates problems But
failure to match productive growth with a
growing population would create problems
far worse. We must have all the productivity
boosts automatic machinery-automatl
gives us, to keep our rising population alive
and healthy. Attenuation may be matter
of survival, not choice.
Milford chronicle., 1956-06-29
A PROBLEM OF CHOICE

What would happen if the presdent-elect
died before his term began? 1t is question
voters should ask themselves, preferably be-
tween election campaigns when something
might be done about the situation.
The Goth amendment to the Constitution
provides that if the death occurs after the
meeting of the electoral college, the Outmoded
institution that still makes the election Off
cial then the vice president-elect shall take
over the office. In such a case, there is no
problem.
If, however, the man whom the voters
picked for president died before the electoral
college met. the college would have the right
to name anyone they chose Probably the
electors would be guided by the victorious
party's national committee. But there would
be at least a possibility that a man scarcely
known to the electorate might become chief
executive
Fortunately, the nations luck has been
good; no such thing has happened. Still, it
could happen with the president-elect's death
might bring an unexpected choice into the
White House Perhaps this aspect of the cleo
toral college system needs improvement.
Milford chronicle., 1956-06-29
Back Up Benson

In order to secure its soil bank
program, and to forestall the posi-
bility of even more damaging raids
on the U. s. Treasury. the Eisen-
hover Administration felt obliged
to accept a farm bill grooming with
dangerous and unwanted high price
support gimmicks.
Now in addition to the task of
administering these provisions with
the least injury to the taxpayers
and in his traditional effort to
encourage the farmers dependence
on himself rather than the Govern
ment, Secretary Benson faces a new
crisis. Right now, the high price
supporters and left-wingers are
rallying political pressure to per-
vert the soil bank plan into new
source of direct subsidies.
Editor Glenn Martz, IL his Wig
orous and highly-respected Low
down on Farm Affairs, says this
is an effort to make the new pro-
gram a mere gravy train which in
the long run will bring economic
ruin u ldTmoIS
He reminds us that Mr. Benson S
suggestion, and the original Ad-
Elinistration recommendation for q
limited, experimental soil bank
plan was blown up by Congress TO
an unbelievable 1900 million and
had cut off any opportunity for a
slow, cautious start in order to
eliminate the bugs before any real
damage could be DONE"
MIR Benson, he says, would
like the plan to operate SO that
every dollar to be spent on il would
result in it's proportionate share III
surplus reduction, and so that each
dollar thus spent would in turn re-
suit in a corresponding strength
ening of free market prices fol
farm products. Mr.. Benson would
have liked to find means of max
ing sure that idled acreages under
the program would not somehow
trickle over into other uses. com
peting unfairly with vegetable
dairy, poultry and other such IN
protected producers. Mr.. Benson
would have liked to achieve these
goals without creating new armies
of Government inspectors to roam
the rural areas"
The Department of Agriculture
has been moving fast, in accord
ance with Administration wishes
says Mr.. Martz. But it has nOi
abandoned caution, as the critics
would doubtless prefer. Now the
anvil chorus has begun" he says
Milford chronicle., 1956-06-29
WERE THEY CORRECT?

The idea that American farmers "are in
revolt, and that nothing short of sky-high
price support will serve to quell it, took a
jolt in the Iowa Republican primary
Iowa, with its world-famous corn-hOg
economy, certainly can be considered typi-
cal farm state. In seeking denomination Sen
atOr HlckenloOper supported the Administra-
tons flexible price support plan. His Oppo-
nent, who holds a major state office and is
widely known, urged high supports such as
those contained in the farm bill the President
vetoed some time ago. Mr.. Hickenlooper
won by big margin.
1t is certainly reasonable to assume that
a great many thoughtful farmers must real
ize that the high, rigid support scheme,
which must inevitably keep building up sur
pluses at an ever-increaslng cost to the tax
payers at large, does not solve anything and
simply creates more and more problems. In
addition, farm prices, including livestock
prices, have shown encouraging increases of
late.
A man who is 100 per cent on the farm
er's side recently had something noteworthy
to say about farm policies and farm votes
He is Charles B. Shuman president of the
American Farm Bureau Federation. AS he
put it: eff we follow the emotional appeals
of those who would give up some of their
freedom for $4,000 hogs we may be taking
a long step towards destroying our represen-
tative form of government. Self-govern-
ment depends upon self discipline Were
Hitler and Stain correct in predicting that
during a time of economic stress, we would
quickly give up freedom in exchange for a
dictatorship based on the rationed poverty
of one share for one vote?"
That is the really big question.
Milford chronicle., 1956-06-29
They Must Be Warned

News that two more children
were sGffocated last month in dis
carded refrigerators came as A.
merican industry moves ahead to
end by ingenuity the danger that
has snuffed out lis young lives in
the last ten years.
From General Electric, for in
stance, comes the last word in re-
frigerator safety. Mechanical lat
ches have been eliminated on all
models and are replaced with mag
nets that hold the doors shut. And
while they preserve an alright
seal. these new doors can be
opened from the inside with a
slight push-such as even a very
small child can exert.
1t will be sometime, however be-
fore these new, interior-opening re-
frigerators will appear among the
nearly three million annual dis
cards that have menaced adven-
turous youngsters on vacant lots,
in back yards, dumps and on por-
ches of vacant houses. Thus, it is
hoped the publicity given these
new safety features will emphal
size the duty of ripping doors,
hinges, and Iatches from abandoned
boxes before leaving them where
children can get at them. Even
where there are state laws on the
subject, safety is still a matter for
individual concern and action.
Actually, a refrigerator need not
be abandoned to be a hazard. This
year, two children, six and eight,
persisted in the kitchen of their
own home in Fort Myers, Fla
According to newspaper reports,
they were left to play by them
selves because of their mothers
illness. In order to get into the
refrigerator, they removed the food,
then climbed in and slammed the
door on the world-forever. No
doubt there have been other SINH
lar cases.
While the ultimate and complete
solution is beginning now to come
from the industry prOduction-lines,
parents, teachers and adults in
general must remain alert to warn
little people who love to play hide
and-scek of this horrible danger
and to keep a sharp lookout for
these discarded death-trap5.
And make absolutely sure when
your new, magnetic safety door re-
frigerator comes in the house that
the doors are ripped Oft the aban-
doned one before il goes QUIT
Milford chronicle., 1956-06-29

each year and selling the stocks OF
a few maturing companies re-
quires much research. Any in
weston who desires to follow such
a program should De prepared to
pay an Investment Counselor for
selecting these new industries. Fur
thermore, although General Motors,
for instance, has been gold
mine, yet there have been scores
of other automobile companies
which have gone bankrupt. 1t is
necessary both to get into the right
industry, and also to buy the stock
of the right company within that
industry.
Wisconsin Uniyersity's Program
Although swapping maturing in
dustries for new industries is ex-
ceedingly profitable when done in
diligently, very few individuals
or even institutions have the abili-
ty and courage to act on this prin-
ciple. One college, however. has
had most interesting experience
in this connection. / refer to Wis
consin University, which. on its
typical Board of conservative col
lege Trustees, had also some bright
chemists and engineers. These
Younger men so failed in getting
the conservative Board to adopt
more COURAGEOUS investment
Motley that they formed a senarate
Trust.-The Wisconsin Alumni Re
search Foundation They got to-
gether seven men who contributed
eighty dollars or so apiece, making
q total of s5S5 TO start with On
January 1. 1926. They increased this
small sum by the purchase and
sale of Growth Stocks" so that.
at the present time. this s5S5. with
accumulated dividends and profits,
Milford chronicle., 1956-06-29
BY Elains Townsend Dicksr.on

muscles in that limb. He slapped
some black goo" all over that
ies' pandaged and tapped it and said
~ weeks time it should be fine.
It's better now. but Sam still isn't
as risky as he normally i
Our other big happier ing of the
week was an overnight visit fran,
Delaware friends. We knew thst
Jimmy and Lucy Hammond and
their two children were planine
trip TO the midwest this month and
we knew they were going to visit
Jimmy's sister, Mrs. Edwin Nc
Crillis, in Wichita, Kansas. Friday
from her home. they called and said
they'd be up Sunday. At noon yes
terday they wheeled their Cadillac
into our driveway and the Kansas
sun did it's bit to welcome them
with a go temperature.
1t didn't take long to fix dinner
and noon the nine of us were sitting
down to eat. don't think | have
ever seen anyone as hot as Jimmy,
Sr.. was. Water just streamed off
his face and we just laughed and
laughed at him. | told him to he
sure to return to you all and tell
you what great sacrifices our
boys" make to keep this land of
ours free. Jimmy said he hoped we
appreciated his visit 1t had to .he
true friendship" to suffer in the
heat the way they were. He was
so funny.
After dinner we sat in the yard
and enjoyed cool breeze Brought
by thunder storm to the south of
town. All of our neighbors saw JUS
in the yard and they joined us. so
Jimmy and Lucy were able to meet
all of our close friends here. It
certainly was fun having company
from home and we hope more of
you will journey this way.
Until next week.
Always,
Elaine Townsend DickersOn
Milford chronicle., 1956-06-29
A NEW look AT SMEAR TACTICS

Cries of Smear are already being eX-
changed as the two major political parties
jockey for position in the pending 1856 cleo
tions. Spokesman for the two great parties
have already given signs that this years
battle will be rough.
But exaggerated charges against high
ranking public officials have marked Amer
lean politics since the nation gained its indie
pendence, and the charges today are mild in
comparison. George Washington was vic
timized in 1778 by publication of vile let
ter which he said was intended ito attach
principles to me which every action of my
life has given lie to-" In a letter to Thomas
jefferson, Washington wrote:
Until within the last year or two, had
no conception that every act of my adj
ministration would be tortured and the
groSsest and NOSE insidiOus misrepresenta-
only of a subject, and that too in such eX-
aggerated and indecent terms as could
scarcely be applied to Nero, a notorious de-
faulter, OF even to common pickpOcket"
jefferson was described by his political
enemies as coward, a despOt, and an in
fidel So venomous were the attacks on him
when he was Washingtons Secretary of
State that he offered to resign In later years
Lincoln was accused Of everything from be-
ing a "baboon" to "low-bred, obscene
clown"
John Quincy Adams was fiercely denoun-
ced and was accused of immoral conduct
while serving as minister to Russia; Andrew
Jackson was called an adulterer, a drunkard,
and brawler.
Campaign smearing has always been COM
mon in the United States. But new means of
communication make the potential dangers
far more insidious And no matter how mild
the accusations are today in comparison with
the early elections, new legal measures must
be taken to protect innocent individuals
characters. For, as British observer has
noted
"An American running for office puts
his character in the public domain and has
no more reasonable expectation that it will
remain unsoiled than it is reasonable to eX-
pect the goods in department store sale to
remain unpawed"
Milford chronicle., 1956-06-29
June 25, 1856
1881 Mayo
Topeka, Kansas

IOpCAds hdnSdS
Dear Friends:
My letter to you was waiting to
be mailed, Jack, Hayes niece and
were going to pick up the children
from Bible School, go to the COM
missary on the base and then go
to the post Office to send my epistle
to you special delivery. We got in
the car and took our time because
we were a little ahead of schedule.
| slowly sacked the station wagon
out of the car port and as l did l
felt a thump under the car wheels.
II knew Immediately that | had
driven that heavy station wagon
over our Boston Terrier.
In our ten years of married life
land our anniversary was that
day. we have had seven dogs. 1t
seemed a catastrophy after another
happened to Hayes dogs and ne
loves them al so very much.
| quickly jumped out of the car
an0 as / did could see dear little
SamDo limCing to our front door.
Thank heavens he was alivei Never
to this very day has he made a
whimper about his injuries from
this accident. He had bad brush
burns on both front paws and some
light ones on his chest. Why he
didn't hear us get in the car l
shall never know, but apparently
he was asleep.
We rushed him to the base
veterinarian and he was out for
lunch. The boy there painted Sans
scrapes with medicine and told me
he thought there were no broken
bones. For two days we watched
Sambo hobble around on three
feet. We could not stand this and
returned to the Vet and he again
said he had not broken any bones.
but that he apparently had pulled
some leg ligaments or injured some
Milford chronicle., 1956-06-29
OPEN FOR DEBATE

lnefe are some persuasive arguments Ill
favor of the proposal to distribute ST $780,
1000 of federal money to the states for a
fOur-year school building program. There
also are strong arguments against such a
plan.
This is a matter of great Importance to
the nation. In sense, such a program
would embody a marked change in policy
since the states have chung to their individual
control of education. Because of these facts
the proposal ought to be debated with thor
oughness and honesty
Such debate has been hamstrung be-
cause the House rules committee has been
sitting on the bill authorizing this program
However, the committee has now finally
yielded to the pressure of House leaders, no.
tably Speaker Rayburn, and has cleared the
bill after almost year OF inaction.
Consideration of this bill has been COM
plieated by New York Representative Pow
ellis amendment to withhold funds from dis
tricts having segregated schools. This pro-
vision is anathema to Southern lawmakers.
The fact that some states would pay more
into the federal school-building fund than
they would get out of it also has given rise
to opposition.
Opponents of the bill might have been
well pleased to see it remain in a committee
pigeonhole. The more conscientious and
public-spirited of them, however, must real
ize that open debate will be far better for
the national interest. Whether federal mon
ey should be spent for education, even though
Communities and states are in serious diff
Guilty because of rising costs and the swift
increase in the student population, is queS-
ton that we cannot afford to bypass.
5000
UNCLE SAM AS A COMPETITOR
If you're in business, there's a good
chance Uncle Sam is one Of your competitors.
And if you're not in business YOU still must
help to pay-through your taxes--for the
governments business-type activities.
That observation comes from the Cham
Der of Commerce of the United States. 1t is
solidly backed up by set of facts.
According to the Bureau of the Budget,
the government actually is operating 1871
commercial-industrial undertakings, with
266 thousand employees and close to $12 bill
lion of capital assets. These fall into more
than 200 categorieS, including mining, man
ufacturing, wholesale and retail trade, farm
ing, transportation, communication, services
such as electric power, insurance, and so on
and so on.
The Chamber also points out that when
Uncle Sam runs business that private clti-
ZenS could run just as well he is adding I'M
necessarily to the cost of government. Fur
Their, he is losing revenue-fOr private bust
ness pays taxes while government business
type activities do not. Instead, they usually
run at deficits
On the bright side, it is clear that more
and more people are awakening to the men,
ace of government in business-and that
more and more men in government are in
terested in doing something about it. In the
last year, start has been made toward get
ting government out of business, and a sub
Stantial saving has resulted. But the surface
has only been scratched.
Milford chronicle., 1956-06-29
Weekly Tree Talk
Why a Tree is Placed Atop
Building During Construction


What is the origin OF the Gus
tom of planting" a tree atop the
highest point of a building during
construction? Researchers of the
Bartlett Tree Experts report the
custom began in northern Europe
centuries before the birth of
Christ when man worshipped pag-
an gods, including trees. A tree,
usually an evergreen, was placed
on the roOs of a newly completed
house for a dual ?f:rpose: First,
to pacify the tree spirit because
tree had been used for lumber; and
second, as homage to The god of
fertility and to ward off evil spir-
its. For years the custom was
closely associated with the festi-
val of the May Pole. In ancient
Germany the tree placed on the
house was called a May Tree re-
CARELESS of season. Gradually the
custom spread to many lands. In
Colonial America it was called
Tree Raising" and celebrated
with cider and dOnuts. Today, the
custom is deeply imbedded in
American custom. When the high
est point of a house or other
Building is reached during con-
s'ruction. a green bough is placed
sGn top. This calls for little cele-
bratIon. The owner of the building
plays host. 1t is expected of him.
Crackers, cheese, sandwiches, and
liquid refreshments are brought
cut. All who have worked on the
project, including architect and
builder and every workman, are
occasion.
Hail Can Iniure Trees
Hail storms can cause injury to
trees. Icy storms that fall during
4 severe localized hail storm some
lines break windows. ruin avn
'ngs, damage roofs and even dent
hoods of autos. The damage TO
shade trees may be equally as
spectacular. In some cases the
+rees are virtually stripped of
heir foliage. The ground beneath
s soon covered with shredded
green leaves. This loss of foliage
= injurious to trees. according to
Don Cantwell. District Manager of
ne Edl tlStl llOC EApCIC w Al
hough the trees may put forth a
new crop of leaves. they have been
seriously weakened, sometimes set
hack a year or so in growth. In
edition twigs and branches may
re broken and dieback occurs.
oockmarked scars left on branch
IS by the hail storms may become
7ntrv noints for disease producing
fungi. Feed trees that have been
damaged bv hail to restore vigOr
and promote new growth. When
lead twigs and limbs show up,
Drune them out.
Milford chronicle., 1956-06-29
DO YOU WANT LOWER TAXES?

1t would be possible to reduce income
taxes by % per cent of everyone--withOut
eliminating or weakening any necessary gov
eminent service or activity.
How could that be done? The Town Jour-
nal explains it succinctly in these words:
Here are the figures: the personal income
tax takes from the peoples earnings about
$50 billions year. The Hoover proposals
for shaking out the waste and inefficiency
would cut the cost of Government by $75
billions That amount, $7.5 billions, is 25
per cent of $50 billions Save that much and
taxes could come down 25 per cent"
That $7.5 billions could, instead, be APP
piled to reducing the national debt, which
many think should precede tax reduction. Or
part could be used for debt reduction and
part for tax reduction.
Some of the Hoover Commission recon-
mendations have gone into effect. The pros
pect for others seems good. But many of
them-including the most important, from
the standpoint of saving money and making
government more efficient-are dormant at
this time. They can be brought to life by
public interest and public demand for re-
form. "VoX populi Vox del" is still guiding
rule in government.