davidaulloa/AmericanStories huggingface dataset:
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28

Boston Mining and Exploration !:
California Fortune Oil. DeadWood
Standard Gold Mining and Milling
Dorothy Gold Mining, Eastern Ken
lucky Oil. Goldfield Mutual Pros
pecting and Developing; Hidden
Fortune Mining Co: Invincible
Gold Mining: Mount Glines Gold
and Silver Mining Co: Old Mexico
Mining and Milling Santa Ana Tin
Mining and Spearfish Gold Mining
and Reduction Co.
3. lying GOOD STOCKS
AND CUMULATIVE PREFERRED
FOR INCOME ONLY. With Pro
gram No. 3 you would not sell your
stocks in a high market. but would
wait for a lower market before buy
ing others. This Program is very
suitable for older people.
a, THE FOURFOLD SYSTEM.
Program No is the one l like
best, combining profit. income and
security. Such an investor today
would have one third of his money
in good common stocks as an in
flation hedge: one third of his funds
in bonds or good cumulative pre-
ferred stocks for income; and one
third in cash, waiting for a break
in the market. Thus, whatever hap
pens. he would be able to take ad-
vantage Of any future market situa-
ton. Although l am not strong for
Program No /. l feel that Pro
gram No. 2 is dangerous and that
it is wrong to ignore the ups and
downs of the stock market.
CONCLUSION: During the more
than 81 years that l have been
studying the stock market, I have
seen it go through three wars. four
panics, and five booms. Although
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28

admire young men for their
courage and initiative, think that
investors hould always consult
both young men and old men. The
younger men think that we are
continually entering new eras"
and that panics can never occur
again. Then they are bearish too
long when the country is in a de-
preston.
Older men, however. know that
ever since there have been any
reliable records wars, business, in
vestments, and even nations have
moved in cycles. Periods of pros
perity have encouraged careless
ness, dishonesty, and an unreason-
able increase in government, cor
poration, and personal debt. This
has finally resulted in a decline
and depression. A depression tends
to make people industrious and
more anxious to pay up their debts.
This results in period Of improve
ment and another era of prosperity.
Although those who follow Pro-
gram No. may be unable to pick
out the exact high spot OF a bull
market and the low spot of a bear
market, yet they are performing
very important social service.
Those who sell when the market
is abnormally high tend to make
the prosperity area less danger
GUS; while those who buy during q
depression help make that depres-
sion less terrible In other words,
those who are wise enough land
there are not too many of these,
to successfully follow Program No.
tend to level out business, in
vestment. and employment condi-
tons to the benefit Of all.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
F Problem In Economics

1T is too early to say how costly the pres
ent steel strike will be, or whether it
will be long one 1t is not too early to say
that hopes that such strike could be avoid
ed have now been dashed.
President Eisenhower. and the Admins
tration, exhibited a keen concern about the
threatened strike from the beginning. How
ever the Administration stayed largely out
of the picture, although the mediation serV
ice Of the Labor Department has now been
requested to seek settlement by the Pres
ident.
There is no reason to hope that this will
be an easy task. even for the federal media
ton and Cancellation service. The long ne
gOtiations between management and union
were a farce, from the beginning. Neither
side gave in an inch, on anything very i'm
portant, and both sides seemed reconcied
to the idea that strike was inevitable.
However, there seems to be one hope for
an equitable settlement. The union could
obtain wage increases if it would agree to a
proposal which would eliminate some inef-
ficiency, wasted time and some loafing. In
other words, if management could save
money by knocking out waste and neffici-
ency, it could then afford to grant pay
raises, even if some percentage Of this did
not come out of the savings effected and
such pay raises would not necessarily add
inflationarv pressure to the economy. This
is based on the assumption that manage
ment would seek to absorb some slight in
crease in pay cost, without hiking the price
of steel.
The union, for its part, would agree to
more efficiency. and perhaps less wasted
time and better procedures in the process
of production.
This would afford no great sacrifice on
the part of either, and might be the basis
for settlement Of the strike. Any long
strike, which seriously. affects the economy.
would be highly undesirable in the present
booming business period. Such a long strike
is probably not likely, and a short strike
will do little, if any, harm, for everyone has
been expecting one, and most manufacture
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
AppOmattox And
Pamplin Canneries To
Close On Thursday

The Community Canneries locat-
ed at Appomattox and Pamplin in
Appomattox County will both be
closed on Thursday. July 80. 1859
The reason for closing the canneries
is cannery instructor class being
held at Appomattox High School on
that day. All local cannery instruc-
tors will be in attendance at this
class.
The canneries are regularly open
five days a week. Monday through
Friday. People bringing in produce
to can should have such produce
processed and ready for the cook
ers by 2 pm. each day. This is
necessary in order to allow ade-
quate time to cook and process the
produce before closing time each
day.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
x viii \ WAY

Prospect Methodist church, and will be Of
fered the patrons of the day school.
Patrons in each Of the school areas are
finding the way and the means to maintain
schooling for their youngsters. This revival
Of interest among patrons augurs we'll for
the success of the Prince Edward School
Foundations school system.
With registration practically completed
the overall plan will fall into place through
the enthusiastic cooperation Of patrons,
teachers. directors and the public generally.
1t goes to show what can be done through
cOOperatOn
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
FOUR WAYS OF INVESTING MONEY

BabsOn Park, Mass, July %. Be
fore explaining these four programs
let me impress upon readers the
Importance of not mixing the pro
grams. Each has its advantages
and disadvantages. Hence, you
should select one and stick to it.
This advice is based on over 81
years of experience in the "school
OF hard knocks and hard work. :"
!. INVESTING BY THE CYCLE.
Program No. | calls for selling at
time like this and depositing the
money received in a bank, waiting
for the next big break which will
some day surely come. Then you
will again buy the most active good
stocks and hold them until another
bull market comes; then follow the
same plan over again. This is the
most profitable program for those
with courage and patience.
2. THE LONG-GROWTH COM
MON STOCK PROGRAM. No. 2
provides that investors pay no at
tention to stock market prices but
purchase a little long growth
stock every few months as they
have the money, keeping these
stocks for a long time. This is salts
factory if the advisor makes sound
selections. w h e n, however com
NAMES are young, it is difficult to
know what they will be when they
grow up"
As an illustration. I am listing
the names Of some such stocks
which were bought, in accordance
with Program No. 2. by an intelli-
gent Boston stock broker for his
children and grandchildren THESE
STOCKS ARE NOW VALUELESS
Amalgamated Gold Dredging Co.:
Black Diamond Anthracite Coal,
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
Tent Crusade Set
Tn Scottsyille

Plans have been made for a tent
meeting On the Scottsville ball dia-
nond A Crusade For Christ IN
der the direction Of Leroy Davis,
sca Of Mr. and Mrs James y. Da-
WIZ. Of FluVanna county
M. DAVIS viii preach, assisted
BY other ministers and special mu-
sic groups from different churches.
He is q ministerial student at
BIuef.eld Baptist College and
member Of Fox Memorial Baptist
Church near Scottsville in Fluvanna
county. The Crusade will be held
tha week Of August lE22.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28

DATRONS of Liberty School at Green Bay
are showing the way By displaying
will. They know what is needed to maintain
their school and have converted the Liberty
Christian Church education area into COM
Portable, efficient quarters for a day school.
Installation of a water and sewer system.
fire escapes and changes in the building it.
self have made the conversion possible.
At Prospect the Patrick Henry School
will have two additional rooms, adequate
water and sewer systems and a kitchen.
now under construction for use in Septem-
Der. The additions are being made by the
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
Letters To Editor
U.S.A., Quo Vadis?

Editor. The FarmVllle Herald:
Within the next two decades from
row when reading the economic
history Of the United States, you
may read as follows:
Two or three decades ago. the
United States produced more pro
ducts to supply its own needs and
the needs of other countries Of the
world than did any other country
on earth. This was because it pos
sessed the know how and lead the
world in mass production of
superior products which they could
sell in the world markets in com
petition with goods produced in
other countriea
In the decade between 1850 and
1860 the labor unions of our ma
ton grew in strength and acquired
much political power They not
only demanded and got higher pay
for their members each year but
they also took it upon themselves
to dictate to the industralists Of
our nation as to how they must
operate their business. Though the
actions and demands Of luions and
due to the greatly increased labor
costs. the manufacturers were com
PEELED to raise the prices of their
products or go out of business.
When our leading corporations
found that the cost Of labor in the
United States had risen 50 high
that they could 10 longer. produce
goods to sell il competition with
goods produced bY other nations
who had much lower labor costs.
many Of our large corporations
built manufacturing plants in many
foreign counties to enable them to
manufacture their products at far
lower cost than It would cost to
produce the same goods in the
United States. While the heads Of
our labor unions knew that it was
due to their actions and demands
that our manufacturers were fore
ed to establish manufacturing plant
IN foreign countries and that as a
result Of this. many millions of our
people were without Jobs. they
didn't Just didn't gire a damn.
n b se union leaders also Were
aware that first class foreign made
goods we're benz sold dit over our
nation at prices much below What
our home manufactures goods must
sell for due to high labor costs and
yet they demanded more pay for
the union members each year.
The result Of these conditions
brought about bv heads of our la-
bor unions was that many Hill
lions of our workers found -ham-
selves without jobs and as Hi .
manufacturers and TILL Workers
made less money the income. III oul.
government greatly decreased ana
that is one reason why our dollars
today have SO deprecated in plr-
chasing power
The heads of the labor unions
must nave realized that thay were
leading our country down the road
n ruiH PVT Az stated before then
just didn't give damn as long
as they were feateging their own
nests.
1t is my opinion that these con
dItlohs are sure to come about UNI
iess the people Of this country
through their elected Representa-
tiVes h Washington, riehifGlly AHA
sfrorgly insist that thu Destructive
power of labor leaders BE- curbed
before il Is too late.
Respectfully yours,
L. D Whitaker
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
Come the three corners Of the


1.-The Old South That Will Never
Die a booklet by James McChes-
ney Prickett. of Rural Retreat, Vir-
ginia. arrives just as some are see
ing Virginia herself dead Of body
blows from the Supreme Court.
Virginias history, architecture,
principles and dreams we're never
more. fixed in the image" Of
America. Those of her sons who
accuse her of living in the past
need amending. 1t is this nation
which lives productivity and in
spiringly in Vlrginia's past, sea-
h Angling to be the wave Of
America s sure
Massive resistance may have
failed but SO has massive mixing.
1t will continue to fail. Virginia
is a million miles and maneuvers
from it. Virginians who say what
has happened thus far means defeat
are inviting a defeat that need not
and must not be In some respects
Virginia is the South's most llnyield-
ing state and its best foot for
most" In others, because Of it's ad-
iacency to Washington, D. c.. and
its armed forces population at Nor
folk. it is more divided in both its
problems. and its opinions than
other Southern states.
The South must hold hard to be-
lief III the Old Dominion nov. to
appreciation Of what she means and
what her problems are, to faith in
her basic unyielding.
Just as the South must hold to
Florida and Texas, the other two
towers that make strong the South
ern triangle
H RULING THERE was no conflict
contract, the United States Court Of
\ Claims says there is something
& cynical" about the contention that
there was. How make the great
amends to the living and the dead
who We're so outrageouslv accused?
Public ownership versus private in
K the power industry is an issue that
4 divides many honest men even
though the private way is the
4 American one. But honesty was
abused III its own name BY those
WHO pretended SO dishonesty the
court calls il cynicallyt to see
skulldugeerv on the private owner
ship side in this historic instance.
WHAT WILL ASIA THINK What
Nill Africa thihk9 The implication
VII Americans WHO constantly ask
that question is that they wish
Aslaas and Africans To think we'll
of us and fear they won't But
much t0uted h0norcd and adj
verused NEGRO American Ralph
BGnche went out OF his way to
make those continents think III BY
raising the race question III 4 social
matter ana hallyhooing il like a
I vel,ahie Adam Clayton Powell, he
\ has contributed more than John
\ Kasper p ill-thinEing III Asia and
\ Africa even though he has leu the
rhetorical question aSkerS.
ANOTHER HONOR for Ralph Nc
CHI The National Negro News
paner Publishers Association has
4 glven hIm Nh award for editorial
attacks a4ainst racial violence and
politicians VINO are misleading the
South HI the rush Of events and
pile-up of news this story failed Of
play-up in The Atlanta Constitution
TIFF GREAT BJSYBODY of De-
mocracy PAU Butler an
nouaceS appointment Of IN scientists
to M an Advisory Committee on
Science and Technology With a view
II making Democratic policies as
sound as possible from the scien-
tific and technological points Of
view That would be an right if
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
PARTENDNERS

A man was sitting at the bedside
of a dying business partner when
the latter said, live got a confess
sion to make. l once robbed the
firm of $4,000 I sold the plans Of
your invention to another firm"
Don't worry about it," replied
the other. Il poisoned you"
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28

ers have laid in a good supply of steel, in
anticipation Of the strike which now exists.
Settlement of this strike is a problem in
economics, which will vitality affect every
citizen. and possibly the future Of this ma
ton
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28

Girls who buy cheap hosiery get a run for
their money.-Cagary, (Alberta) Herald
The Farmville herald. (Farmville, Va.) 1957-current, 1959-07-28
TIFF GREAT BJsYBoDY of De

mocracy PAU Butler an
nounceS appointment Of N scientists
m M M Advisory Committee on
Science and Technology With view
to making Democratic policies as
sound As possible from the scien-
ufc and chronological points Of
view That would be al right if
The journal. (Caldwell, Ohio) 1934-1961, 1959-06-11
An Unhealthy Situation

generally assumed that the polio people
would gradually taper off their campaign for
new funds.
"But such hasn't been the case at all. The
foundation has now changed its name to the
National Foundation for Infantile Paralysis,
Arthritis and Rheumatism and last year it
collected over $44 100000 in its annual fund
campaign largely on the strength of it's ap-
peal that the fight against polio still hasn't
been won.
This may be true, yet polio ranks way
down on the list of killer diseases today and
for the number of victims claimed each year
it can't hold a candle to heart disease and cam
Ger. These are our real killer diseases today
but the health organizations engaged in heart
disease and cancer research have never been
able to tap the public's pocketbook anywhere
near as successfully as the polio foundation
has been able to do :. >"
And the Fort Lauderdale News conclud-
es its editorial with a suggested remedy for
what has become an mtolerable situation:
"The United Fund and the Community
Chest movements came into being primarily
because local citizens got sick and tired of
being sub ected to one Embarrassing appeal
after another But now, instead of being
constantly badgered by local agencies, the
people are being constantly pressured by ma
tional Embarrassing agencies, and the only
way tlley Can correct IIlIS SITUATION Is 10 SLOp
supporting these agencies until they either
join the local United Fund or form their own
United Fund organization"
Well, for one, this columnist is acting on
the Florida newspaper editors recommends
ton. We have carefully compiled list of
health organizations to which we have con-
tributed during the past year We knew
there were many, but the length of the list
really astounded US Letters are being sent
to the national headquarters of each, telling
them to get together with their fellow lab
orers in the health vineyard or else
The same course of action is ardentlv adj
vocated to each and every reader of this col.
umn-it would seem to be the proper proce-
dure toward correcting an unhealthy situa.
ton. GEORGE Peck
Largo, Florids
The journal. (Caldwell, Ohio) 1934-1961, 1959-06-11

Another school year is over, and num-
Der of boys and girls in town will quietly
drop out of high school, never to return, nev-
er to receive diploma.
For the nation as whole, only 6O per
cent of those who enter high school remain
to graduate.
If you know youngster who says he
won't return to high school in the fall see II
you can persuade him to go back. An educa-
ton cut short will have decided effect on
his future says the Institute of Life lnsur-
ance.
Maybe the effect won't be especially
noticeable at the beginning, because boys and
girls who quit school don't have too much
trouble getting job right away. The Bureau
Of Labor Statistics recently kept an eye on
group of "dropouts,' and discovered that the
school leavers found jobs with almost start
ling promptness' once they began to look for
work. Most were earning some kind of in
come within months time.
High school graduates also find jobs
quickly, but there is difference in the kind
of jobs both groups obtain. For example, sup
pose you have daughter who is planning to
quit school early. Chances are her first Job
will require no particular skills On the other
hand, if your daughter has high school di-
The journal. (Caldwell, Ohio) 1934-1961, 1959-06-11

We have come to definite conclusion
the national health organizations ESTIMATED
to number over SOY should consolidate their
Embarrassing into one combined annual drive
either voluntarily, or be forced to do So
On all sides the members of our team of
solicitors were met with: For heavens sake,
we just got through making contribution
to the 'So-and-So' Fund, a few weeks ago to
the 'This-and-That' Fund Every few weeks
we're being asked to give to one of these
health organizations Why in the world don't
you all get together and have just one drive
year,"
And there were some, in fact, quite
number, who were quite belligerent eXclaim-
ing somewhat in this fashion: "These health
fund drives are nothing but racl1ets, design
ed by rackateers, to keep them in nice soft,
highly-paid jobs, at the expense of the suck
ers, who are stupid enough to fall for the
sWindle. You can count me out, I'm through
being taken for dope"
Now, let us hasten to add, we have no
evidence that any of these health organiZa-
tlons are rackets as alleged, but in the alb
sence OF evidence to the contrary, it is in
eVltable that a vast segment of the general
public is inclined to be suspicious, and with
considerable justification.
The Fort Lauderdale Florda) News
carried an editorial in its May Is, 1859, issue
entitled: Contributors Should Demand
United Fund Drives From All Fund Raising
Units" We quote part of that editorial:
In many states across the nation
newspapers are now refusing to give any
publicity or editorial support to these social
ed health organizations. They feel there is
good reason to believe the public is being
'duped' by the professional money-raisers
and they no longer want to lend their assist
ance to the 'duping' process.
The case of what has happened in the
National Foundation for Infantie Paralysis
is often being cited as an Illustration of how
the national health foundations keep on ask
ing for more and more funds even thought
their actual needs have been greatly dinin-
ished. When the Salk vaccine was put into
common usage and succeeded in bringing
about drastic decline in polio cases, it was
The journal. (Caldwell, Ohio) 1934-1961, 1959-06-11
Keen Them I'm School

ploma she'll probably go to work in an office
because of the skills she'd acquired in her
commercial courses.
A difference in type of jobs also shows
up among boys who quit school early and
those who stay to graduate. Thus if you have
a son who is thinking of dropping out of high
school, he may very well wind up in job
where no special skills are required: unskill-
ed worker in factory, laborer or pehaps a
filling station attendant.
Of couse there is nothing wrong with
occupations that require only minimum of
skills. The plain fact, however, is that the
more skilled boy or girl, the farther he can
go in terms of income. While it is true that
one who leaves school early will find work
right away, he won't do as well financially
as the full-fledged high school graduate.
If you want to convince boy of the
value of returning to school in the fall, try
these statistics on him: 16 per cent of boys
who had quit school weren't even making $40
week in their first jobs, and only 20 per cent
were earning $50 week or better. How did
high school graduates make out? Thirty-one
per cent were earning $50 week or better,
and only per cent were earning less than
$40 week, the Bureau of Labor Statistics
said