davidaulloa/AmericanStories huggingface dataset:
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-08
CataWba News
MRS. e. NJ. DAWSON
PHONE CATAWBA s-2332

The Woman's Society of Chris
tan Service of First Methodist
church was entertained Thursday
afternoon at the home of Mrs.
Lloyd Mingus, Mrs. William Nc
Knight and Mrs. Harold Setty as
sisted. Mrs. Philip Virts was devo-
tional leader; Mrs. Mahlon Neer
assisted by Mrs. Paul Remley,
program leaders. Refreshments
were served from an attractively
decorated table. Others present
were Mrs. L. c. Momberg, Mrs.
Edward Berry, Mrs. Lincoln Locke,
Mrs. Frank Shockey, Mrs. Earl
Mossbarger, Mrs. Anna McHenry,
Mrs. Charles Z. Hall, Mrs. John
McDonough and children, Mrs.
James Stalnaker, Mrs. Edward
Haddix, Mrs. H. E. Davisson.
Mr.. and Mrs. Oto Pfleuger of
Fort Wayne, Indiana, were the
weekend guests of the formers
sister and family, Mr.. and Mrs. B.
p. Miller and daughter, Judy. Mr..
and Mrs. Elwood Mingus were also
dinner guests, Sunday at the Mil
Ter home.
The Woman's Society of Chris
tan Service of Trinity Methodist
church was entertained Thursday
evening at the home of Mrs. Jesse
ArbogaSt, Mrs. Millard Allender,
Mrs. Elmer Potts, Mrs. Trell Nc
Clintock and Mrs Maurice Swaby
assisted Mrs. Joe McNary was de-
votional leader; Mrs. Jack Armen-
trout assisted by Mrs. Vernon Bal
ley, program leader. In a contest
arranged by Mrs. Paul ]. Neer,
Mrs. Lawrence Caplinger, Mrs.
Pearl Dial and Mrs. Pearl Arnold
were successful. Refreshments
were served Others present were
Mrs. Preston Apple, guest, Mrs.
Lawrence Yeazell, Mrs. G. o. Tim
herman, Mrs. Robert Bumgardner,
Mrs. Mary B. Tavenner, Mrs. Ernie
Hayes, Mrs. Florence Locke, Mrs.
Robert Wells, Mrs Joe McNary,
Mrs. George Palmer, Miss Maude
Runyan, Mrs. Philip Loveless.
Mr.. and Mrs. Lowell Neer and
sons, Keith and Bart, were the din
ner guests Sunday evening of Mr..
and Mrs Howard Miller of Don
nelSville
The Friendship Circle Bible
class of Trinity Methodist church
was entertained Sunday evening
at the home of Mr.. and Mrs. Jesse
Arbogast. An ensemble supper fea-
tured the meeting. The dining tab
e was attractively decorated with
spring flowers and lighted green
tapers. Mrs. Paul j. Neer was de-
votional leader; vocal duet was
given by Mr.. and Mrs Millard AL
lender. Mrs. Lawrence YeaZell ar
ranged the program. Group singing
was conducted by Mrs. Paul J.
Neer and Janet Arbogast Others
present were Mr.. and Mrs. Ray
mond Grove, Mr.. and Mrs. c, 0.
Timberman. Mr.. and Mrs. Ernie
Hayes. Mr.. and Mrs. Pearl Arnold,
Mrs. Mary B. Tavenner, Mrs. Flor
ence Locke, Mrs. Raw Warner,
Mrs. George Palmer, Miss Maude
Runyan. Rev. Pearl Dial, Lawr-
ence YeaZell.
The Catawba Fire Department
purchased a new emergency truck
last week from an Urbana Ohio
firm. The purchase was made pos
sible through funds received from
various entertainments.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-08

Mr.. Renald Slaughter. Those at
tending were, Mary Beth Slaugh-
ter, members were Janice Denen.
Georgia Owens, Marjorie Dorm,
Barbara, Rebecca and Mary Ann
MCGUIRE, Sharon Castle, Sandy
Davis, Rebecca Slaughter, Bobbie
Denen, Glenn Wilt, Herman Lew
is, Jackie Carpenter, George Cor
Iiss, David Nawyn, and Howard Jr.
Davis.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-08

church at Indianola Church. Four
girls attended Junior High break
fast on Sunday morning they were
Sharon Castle, Barbara Mcclure,
Janice Denen and Rebecca Slaugh-
ter At 5 pm on Sunday they par
ticipated in the Annual Presbytery
Junior Choir Festival.
Director for their group, Mrs.
Ronald Slaughter Jr. Counselors
were Mrs. Raymond Mcclure and
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-08
Lilly Chapel
BETTY JEAN EDMlSTER
PHONE LONDON VI 2-9553

Mr. Wilson mclaughlin who
was taken to White Cross hospital
Sunday Feb "a for coronary
heart ailment is still reported in
critical condition. He was moved
to a private room and is not per-
mitted any visitors. His room num-
Der is 236.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-08
THIRTY-SIxTH SEMI-ANNUAL SALE
Ohio Hereford Assn, Inc.
SATURDAY, MARCH 16, 1857
IL Noon
Madison County Fairgrounds Purebred
Sole PaviIon London. Ohio
30 HEAD 30 BULLS so FEMALES
0hio's Parade OF Quality Sale

80 big husky bulls most of them ready for immediate service
Bulls with plenty Of weight for age and size and scale TO suit
the most discriminating Farmers and commercial ca++emen
bulls in this sale have always sold bargain prices 80 females
35 open heer and Is bred heers Hard replacement and
foundation heers including Al and FLA show prospects
The number offered guarantees you there will be bargains Con-
ssnments from breeders who produced the So Bluegrass and
international Champions
Show: Pm. Friday. March 5fh
Sale: II Noon. Saturday. March 10Th
For eofooss write: Mortins SoIes Service.
Som B. Morning. Washington c. H.. Ohio
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-08
Chevrolet Wins Coveted
Manufacturers Trophy at
Daytona Beach as "best
performing u. S. automobil

Want facts about performance?
Then look at the official figures from
NASCAR's* internationally famous
Daytona Beach competition for stock
cars. Here's what you'll find: Chew
rolet, in two weeks of blistering COM
petition, proved itself as Americas
Number One performance car. Nothing
IN the low-price field could touch it.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
Stocks Mixed
After Initial
EaIters

NEW YORK, July Is R.-A
strong initial advance by the
stock market faltered today,
leaving prices irregular early
this afternoon. A slight trend
to the upside remained in fairly
active trading.
But proflt-taking came into
the picture quickly to blunt the
advance and later to cancel
many of the gains.
Generally good business news
bolstered investor sentiment.
Du Pont, General Electric and
Jones & Laughlin made public
improved earnings reports.
Meanwhile industrial produc.
ton in June was reported re-
naming at q high level.
Rails continued to advance
on average but the industrial
group slipped to the downside.
There were plenty Of gamers
running to around 2 points, but
also many losers among key
stocks which declined fractions
to a point.
Du Pont was ahead 2 points,
General Electric lost a frac-
tional gain and was about
unchanged. General Motors
showed a net loss of a fraction.
AS the rails continued to
make progress. Southern Rail-
way and Baltimore & Ohio
each added major fractions.
Corporate bonds were irregu-
lar. Government bonds eased
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
Climb Is Continuing
For Cunudiun Dollar

NEW YORK, July Is (P.-
The Canadian dollar continued
its climb yesterday, topping its
United States counterpart by q
nickel and 5/64ths of q cent.
This is the biggest edge the
Canadian dollar has held over
the United States dollar since
November. 1888, just before the
United States went off the gold
standard. Then the Canadian
dollar was worth $l.05sa in
United States money.
A rush by United States
companies to invest their funds
in Canadian industry has con-
tributed to the Canadian dol
lars rising value in recent
years. The increasing number
of Canadian bond flotations in
the United States has also been
a major factor. along with de-
mand for Canadian dollars
overseas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
DIVIDENDS

"a -" az s .Etraa B BecE, sIossd
this wear.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
D. c. PRODUCE

quotations supplied by the United
states Agriculture Department and
;oyer sales to $50 am. on less than
carload lots:
Fruits
D.. ADpIssSvss. BY bkt. williams rs
Washington: Boxes. Winesap wrpd
Extra Fancy 1905, 1895 and few ll3s
and lass s.50-sO0, Fancy 1O0-l5Os
Bananas-4O-lb cartons cut best 3.55-
90 some 4.25-4.5O. poorer quality
Lemons-calif. cartons per count
bOs and 1905 350-376 few higher,
fair quality 300-3."5.
Oranges-Calif.: etns, Valeneias per
1888 27b, 1888 300. Fla. las -bu
WB crate. Valeneias l50-216s $50
Peaehes-va.; Early Red Free. y bu
e shs s. up Back u N Extra ys Sevs SS
and. sos 800. loss 4.50: Jersyland
u bu bkt. u. 8. No ], 80 UP 275.
trawberries--Calif I2-pint trays.
University 3.00-3,50, some poorer
condition 2OO-2J5.
Watermelons-N c.. 8. C. and Ga. .
CHARLESTON Grays, per ID 80 lbs up few
3 cents, 24-3s 10 ave. cents. 1922
ID ave "a cents.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
CHICAGO GRAIN

CHICAGO, July 10 "a slight
futures on the Board OF Trade today
after weak opening.
Wheat absorbed hedge selling pres
sure easily, as II has done In recent
sessions, and then moved fractionaiiy
ahead. Corn and oats were weak in
early trade due partly 10 generally
favorable weather and beariSh
private oats crop report
Soybean buying was stimulated by
indications Of GOOD oil demands, with
me Government reported sellins more
Near the end Of the frst hour new
z lower. July s12gh: oats we're \.
70 e lower, July 67as: rye was un-
chaneed TO "a lower, July 81 .33Ia:
is oyo were cents higher to "a
changed to 10 cents a hundred pounds
lower. July x13.12.
There were reports Of some rain
viii Begin n ' n. s'f psEos:, G eS01,
vas reported. The Governments 30
day forecast indicates above normal
rainfall for the Northwest and about
normal elsewhere
in the midwest, although there we're
some reports Of overniaht rain in
Illinois and Indiana
Chicago wheat stocks showed a GOOD
Increase Yesterday for the first time
N months. advancing 2.78p 900 bush.
els 10 4,40l, 900 bushels Harvesting
- reported about s. per cent COM
pleted in Illinois. and now MOVING
EASTWARD into Ohio. Yields and quality
IN Illinois generally are reported poor
Inc Government was reported 10
nave sold q million bushels OF fiaxseed
at Duluth and 100000 bushels Al
Minneapolis. Traders believe this Is
eo;ng into oil products for foreign
shipment. and such sales have raised
soypean prices recently. Meanwhile.
Agriculture Department oficiah say
the soybean carryover might not *.
coed million bushels.
Downstate Illinois elevator REPORTS
SAID corn heiRht ranges from iust COM
inc out OF the ground TO 4 feet. with
an aveTaGe OF 30 inches. the Shortest
ct this date since l947.
The Quaker Oats Co. said farmers
are beRinning to harveat one OF the
LARGEST oats crops in history In
Northern Indiana. North Illinois. I'll Of
Iowa. Eastern Nebraska. ali OF South
Dakota, Southern Minnesota. Southern
wisconsin and Southern Michigan.
Yields OF 100 bushels an acre viii
not be uncommon, the report said
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
BUSINESS
BRIEFS
UDEs MOST ACTIVE ISSUES
Business Failures in the week

Business Failures in the week
ended July IL totaled 256 COM
pared with 100 in the previous
week and Isl in the like week
a year ago.-Dun g. Bradstreet.
Businessmen are in the ma
jority in expecting higher sales
in the fourth quarter of 1857
than in the same period last
year, according to survey by
Dun 81 Bradstreet.
Ford Motor Co. registrations
for the January-May period
totaled 631 1929 compared with
Chevrolet's 594.634. Last year
the figures were Chevrolet
656,560 and Ford 545,037 for
the same period.-Automotive
News.
ESQ Standard Oil announced
it had reduced the price of
heavy industrial fuel oil at East
Coast points by 10 cents a
barrel.
Ford Motor Co. in IL months
ended March 3 earned $685.
$4,000 or 1886 a share.
Jones e. Laughlin Steel in 3
months ended June 30 earned
$26,593,0 900 or $3.50 a share VS..
$50, 100000 or $4.1S in 1866
period.
United Fruit Co. in 6 months
ended June 80 earned $18,337.-
600 or $2.08 a share VS.. ST.
$4,000 or So in 1856 period.
Eli Lilly g. Co. in 6 months
ended June 80 estimated earn
ings at SIT million or 1928
a share VS.. $16,4 49,3l9 or $2Il
in 1856 period.
Douglas Aircraft in 6 months
earned $l7,994.2S9 or S4.86 a
snare VS.. $l2,820,637 or $3.46
in 1856 period.
Kaiser Steel Corp. in 6
months ended June 80 earned
$l4,908,487 or $4.24 a share VS..
$l1,736,l88 or 1891 in 1856
period.
Rockwell Spring e. Axel in
6 months ended June 80 earned
$8.585,165 or $l.81 a share VS..
$7,O9l $50 or $l.49 in 1856
period.
II. X. Porter Co. in months
ended June 80 earned S3,460,-
26S or 1921 a share VS.. $780,
746 or $3.72 in 1856 period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
IBM Reports
Record Net

NEW YORK, July Is (R.-
International Business Ma
chimes Corp, today reported
record earnings of $40.061, 507
for the first six months of
1857, equal to $3.47 a share.
In the first six months of
1856, IBM earned $31,868,620
equal to 5000 q share.
Announcing the results, Pres
ident Thomas j. Watson, jr.,
noted that the corporation in
1856 changed its method of
computing depreciation for
rental machines. This change
resulted in a reduction of net
income amounting to $1,186,9l7
for the first half of 1856 and
a reduction of $4,892,021 for
the first half of 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
Du Pont Profit
Shows Gain

WILMINGTON. Del. July 16
R.-E. I. Du Pont de Nemours
and Co. yesterday reported
earnings Of $3.50 per share of
common stock for the six
months ended June 80.
The company said the earn
ings represented 1902 per share
from company operations and
$1..28 from General Motors
Corp. dividends.
Earnings for the first six
of 1856 were $4.01 per
share, Of which $2.73 was from
operations and $1.2S from Gen.
eral Motors dividends.
Sales for the six-month
period were 1895 million, an
increase Of Z per cent over the
1928 million dollars for the
comparable period in 1856.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
New York Central
Omits Gosh Dividend

NEW YORK, July Is (P).-
Directors Of the New York
Central Railroad today omitted
the usual quarterly cash divi-
dend and instead declared a
dividend payable in common
stock of the Reading Co.
In previous quarters the Gen.
trail had paid so cents in cash.
This time owners of Central
common will receive one share
OF Reading common for each rs
shares of Central stock they
hold. The dividend is payable
September 10 to holders of
record August 8.
Reading common closed yes
terday on the New York Stock
Exchange at $34 a share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
N. Y. PRODUCE

NEW YORK, July 10 up lUsDAl.-
Butter steady, prices unchansed. Re-
ceipts 664 900
Cheese steady. prices unbalanced Re-
ceipts $4,000
Wholesale egg prices steady. Re-
ceipts 1900. Midwestern Mixed coll
ors: Extra ,4S,50 losl 3sis.4l; extra
medium 1894; standards large 1894
checks .2-25. Whites: Extras C4s-5O
lbsl 39-4l; extras large t45-4s lbsl
1880. extras medium 3b-36 Browns
Extras t4s-5O lbsl 4Ols-43ia
lbsl 44h-47; mediums 40-4i smalls
ssls-2g; peewees l7h-1s. Browns
Top quality l4s-bO ibsi 44ls -48Is.
mediums 5p-4O. smalls 30-3Oia pee
wees l7lI-is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
NEW YORK COTTON

NEW YORK July 10 R-cotton
futures inehed upward during the
distant months which had been under
liouidating pressure in recent sessions.
found onerinGs scarce. Nearby de-
liveries drew support mostly throuEh
trade buyine IN part believed to be
Noon prices were IS 70 IS cents q
bale higher than the previous close
October -. ~, December 34.7b and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
VISIBLE GRAIN

CHICAGO, July IL .R.-The United
i3. 64a, 900 bushels last week 10 sss. |.
$4,000 bushels. the Board Of Trade
reported Corn decreased 2.4sg 900 10
i24 $50 600 oats increased ia. 600
TO lo.la5.Q0O. rye increased l.sO0,OO0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16

DO you have a loss
in some stock!
Nearly every week, get letters from investors who
ask if they should sell particular stock loss
or hang on in hopes that the price will back to
about what they paid for it.
Sometimes tell these people keep their stock.
Sometimes tell them to sell it.
Why?
Because every such question is unto itself
Because, basically, each bos down brand
new problem of investing
But given mans detectives, given the he could
realize from the sale, the problem becomes of
pairing the prospects for the stock he with the
look for all other stocks suitable to his investment
objective.
A fair.sized job, true.
1t involves ready access to any number OF facts
about sales and earnings, about policies, prod
Relative comparison of performance both past
and present -.
Careful consideration Of company manage.
Unents, industry prospects, business in general
the world situation a whole.
The average investor just doesn't have that much
information available, not hundreds of different
stocks anyway.
But we have Research Department = one of the big.
gest and best in the business that does have that kind
of data hand and if you'd like their opinion about
selling Tor BUYING any security it's yours for the asking
And while you're about it, you night like TO have
current review Of your complete portfolio, detailed
analysis based on your particular detectives
We will be happy to furnish that too, if you'll just
write
Department BB-90
Merrill Lynsh, Pierce, Fenner & Bsuns
Member NeW York S0t Exchange and al otbe, PrnbA Exbnss
Francis C. Hunter. Partner Williams
Bis Fifteenth 81. NV 1923 Street NV
WASHINGTON WASHINGTON 6
Telephone: Executive 1921
BALTIMORE OFFICE:
Equitable Building Telephone: Mulberry $4,000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16

hovrit Sales ~ the gHehanpe
li:0o am sac 900 l2:Oo noon oao 600
i:co pm. 10000 400 ON o 600 600
tUnit Of tradine 10 shares o. sales In
table are annual disbursements based On
the last quarterly or semi-annual dec.
laration Unless Otherwise noted special
or extra dividends are not included
. Also extta Of extras. b Annual rate
IN 1887 plus stock dividend Psid lssi
wear PAYABLE In stock during 1857
estimated cash value on ex-diyIdend o.
:: s,, Ist ,,d III yssE Z OF PSid
clared or paid this year, an aceumu-
? Psic this year, dlvidsnS omitted ' ds.
lerred o. no acton taken Il issi divI
f fsss OH ss' ssocs S P;secss'' ssSs
stoek durins 9os estimated cash value
! L,suidsiins dividend, eid Called SEs
dissdend K;dls y distribution IEz
warrants. wd When distributed vi When
isRned nd Next day delivery 'In bank.
b icy or recsiyershIp o. being reor
securities assumed BY such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
METAL PRICES

NEW YORK. July le H.-spot non
ferrous metal prices today: Copper
valley. Lead IA cents q pound. New
York. Zinc 10 cents Q pound. East
St. Louis. Tin 96s cents q pound,
New York. Foreign silver 9OiA cents
per troy ounce. New York, At Pitts
burgh; scrap steel No. heavy was
quoted 1t 56.00-57.o0.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
DEALINGS

:, NEW YORK; July 10 R.-The New
York Stock Exchange reported TO-DAY
these odd lot transactions BY prir.
eipal dealers on the exchange for
Sales OF 290154 shares incliidins
l.l04 shares sold short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16
UNITED STATES TREASURY POSITION
~ the Associated Press

The cash pOsitIon Of the Trsasury com
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-16

NEW YORK, July 10 R.-I
The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1957-01-15
Letters To Editor
Ohio Reader Wants
More CaIra News
Dear Editor

Dear Editor.
Well. here we are starting another
New Year. Time goes SO fast We
are having a real winter now plenty
of snow and ice. but we can sit back
and read our Farmville Herald
which we all like so much.
Our only regret is that CaIra
doesn't write any more Sorry to
hear of the death of Mr. Wilton
Dowdy and Mr.. Phillip Asal. Our
sympathy is extended to their fami-
lies,
We had a very nice Christmas
Our daughter and son-in-law, Mr.
and Mrs. Tom Smith. from Lima
Ohio, were with us Also visiting ou
here during the holidays were Mrs
Hazel DoWdy and daughter, Har
riet, from CaIra
We hope to visit down your way
in the early summer. It's good t
get back to the old home place ane
see all the old familiar places an(
faces.
Here's wishing all the Herald
staff and its readers and especially
Double Check" a very happy
prosperous and healthy new year
Yours truly,
Mrs. John Arndt
900 Lovers Lane
Akron, Ohio
The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1957-01-15
Double Check

have been Overwhelmingly jul
bous over Punch mo it's not a
drink but it is a magazine print
ed in London. and it EXHIBITS what
the Englishman thinks OF US
Americans. Where you find it,
lis one describing the Americas
artificial satellite. and that we
are to use Gold because Silver
glitters, but that we are down in
the mouth because its only on
thirty thousandth of an inch, and
we are alarmed at the rumors
that that is the best Fort Knox
could do. Evidently they have a
very small idea of US..~if'n twas
any more gold 'twould never get
off the ground here in America.
uncle Anthony's resignation
needs no explaining him they
can get along without but can
we?
Americans are ahead on th6
4 use of Bombs. they are using
them to keep people out Of public
places works tool
That gag about the three great
American Parties fused out -
The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1957-01-15

tablish the family group. Let's
do it,"
The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1957-01-15

the senators and representatives
S h Il d be nationally recognized
economists. They should be qualified
either to legislate according to eco
nomic principles or else not to legis-
late at all. This principle should
have been adopted when the nation
was on the gold standard; but now
that We are on the political STAN
dard, it is imperative. Some claim
that more businessmen, bankers.
manufacturers and labor leaders
should take the place of these law
yers. The real need. however, Is
for trained and practical economists
and engineers who know what is
best for the nation and have the
courage to vote accordingly.
Suez Canal Rumpus
Probably the suez difficulty is due
to many causes, but it was pri-
marily matter of politics. Presi-
dent Nasser. of Egypt, was playing
politics to get the good will of his
people while raising money to build
the great Aswan Dam. Prime Minis
ter Eden was playing politics to hold
his position and not be thrown out
by the Labour Party. Other coun-
tries involved--possibly even en-
Guiding the United States-were con-
sidering their heavy investments in
oil. iBasically. however. the Suez
difficulty is aa economic problem
1t is not the votes involved which
should be considered, but rather the
tankage, distances, freight rates and
other important problems of inter-
national trade. Probably the final
solution will reflect mixture of
politics. statistical facts, and world
economies. This means that the So
The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1957-01-15

luton of the problem will not be
permanent, but will be a mere stop
gap. This shows that courageous
economists are needed in interna-
| tional affairs as well as in domestic
affairs.
The custom of selecting our am
bassadors according to their wealth
or their contributions to campaigns
funds is absolutely wicked. Such a
policy may have been largely res
ponsible for the fact that England
and France acted without the know
ledge. of the United States or the
United Nations. Ambassadors should
be trained economists, which proba-
bly, means career men. Representa-
tives to the United Nations should
be selected according to their know
ledge of economics and their ex-
perience in deciding economic prob
lens
The Sanctity of Contracts
AhAAfAdddi ldb1oiidls diitl uibGi lld-
tional prosperity depends upon the
recognition of the sanctity of con-
tracts No individual. corporation or
nation can prosper in the long run
without an earnest endcavor to
carry out its contracts. This is
fundamental matter in connection
with the Oil companies using the
Suez Canal. Furthermore, a man
does not need legal training in
order to recognize the Ten Com
mandlnents. Honesty is not only the
best policy. but it is the only policy
upon which a reputation. or bust
ness or a nation can prosper and
survive. No one nation should be
allowed to interfere with the inter-
national trade vitality affecting all