The Sidney herald., 1957-01-24

W a.
rcmoteneSs from markets and in
duStries in the area suffered iron
the same handicaps that industri
aliStS point out when considerin,
our area. Nevertheless, these ar,
beng overcome and / believe the,
VIII be overcome in our area.
In promoting development il
TINS area, n of the best meth.
oos VIII be to work through tn,
State Chamber of Commerce. Mr.
Carrico, who is with us tonight
was President of that Chambe,
several years ago. Montana ha,
always been considered as a raw
material state. In other words
IL has produced the basic wheat
copper, livestock and simila,
products which have been Sent
somewhere else for processing
and manufacture. That is gradu-
ally changing but, unfortunately
SO far the change is largely oc-
curing in the western part of
the state where more of these
natural resources are available.
nevertheless, industrial develop
ment seems to spread gradually.
The development of an industry
IN n community soon has its
effect on another community and
as the number multiplies, SO does
the rate OF progress. For this rea-
son, close cooperation between
the local chamber and the state
chamber should be carried on.
Our company over the last sew
eral years has, either individually
or Jointly with others, been adj
advertising the advantages of
Montana and the areas we serve
In an endeavor to interest indus
tries in locating in this territory.
We are most anxious to assist
IN any way possible in this type
of development.
There is much still to be done
IN our state and in our country
to promote our general welfare
and to create conditions for fur
progress. One important sub
ject was mentioned by our presi-
dent in his State of the Union
message to Congress. In discussing
the threat of initiation, he called
upon both business and labor to
consider carefully and to avoid
increases in prices and wage rates
which were not based upon in
creased productivity. In the final
analysis, nearly all production
costs consist of labor. Each round
wage increases produces high
costs and prices and when each
'ircle is completed, everyone has
'eturned only to the starting point
md in the end no n has bene-
tied.
AS mentioned previously, an
serious problem is taxes. A
effort should be made to
void further increases in taxes.
dost of our present taxes are
nflationary. In the end the Gus
omer is the one who pays the
axes on manufactured goods,
e%rvices, utility services and {
transportation, whether such tax {
S r hidden as manufacturers
axes or r direct. AS these tax ]
5 are increased or new ones lev {
ID, the cost of living goes up
nd Initiation is taking place. This
tuation should be remedied by c
s, otherwise we are merely pas
ng on to our children a problem
'hich will become worse and will S
2 more difficult to solve.
Affirmative steps toward the J
'lution of these problems, even 81
1 a local city or county basis
IN be of great assistance in Gre d
ing a favorable climate for the n
cation of industry. Location in
city, county and state operating S
lder economical, efficient and +
st governments certainly will
favored. r,
In closing, I would like to read L
you a portion of the year-end n
rvey issued by one of the in IL
'stment firms which has mark z
ed some of u bonds in past
ars. 1t very well sums up the
esent situation and / think,
yes us food for thought: y
While prosperity successfully
llked its tightrope in 1856, there !,
IS increasing tension in the u
dience. The delicate checks and "a
lances of Americans controlled M
had continued effective n
-oughout the year, but infla- w
nary pressures were ~increas- 81
There was a good question az
to how long initiation could OF
ltinue as a way of life. ar
The cost of living, reflecting w
~lation, reached an all time high We
e in 1856. This situation DEM ar
that the Federal Re-
YES credit policy - while GER ed
My helpful - was not enough
itself to maintain economic
AS the year closed, the "
ge-price spiral probably was y
knottiest single problem fac
government, industry and la -
- not to mention the mil wi
IS of American families af- w
ted by it. The escalator action 90
wages and prices, if left I'M w
cked, could get out of hand. vis
control, however, would re- Va
re extraordinary craftsmanship at
moderation on the part of the LII
ons and industrial manage
mt. cal
he inflationary trend accented
Their fact of life that had been NV