davidaulloa/AmericanStories huggingface dataset:
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28

uses to pump money INTO cir
culation.
Although the Federal Reserve
System has, as DR.. Palyi points
out, virtual power to maintain
monetary discipline and stem
initiation, yet it continues to of
ficiate in the "debt monetiza-
ton" rain Or shine. Says DIR.
Palyi: Every sterilization at
tempt undertaken by the Fede-
raj Reserve authorities is, de-
spite their good intentions, sty-
mied from the outset" Nothing
is allowed to interrupt the free
spending ideas of the Congress,
especially if politics domestic or
international seems to dictate
such policies.
DR.. Palyi continues: "Thc cen
trail bank cannot let the credit
or the overindebted national adj
ministration go to pot, which is
what would happen if the
printing press would cease to
support a prodigal Treasury.
This is called Treasury-Federal-
Resever-cooperatio aging
the-national-debt What is being
managed is a progressive infla-
ton, imposed by Congress. The
heads of the Reserve System
have no choice but to serve the
fiscal interest. or resign. The
latter they rarely do voluntari-
ly."
That is exactly whv, if fiscal
sanity is restored, the impetus
must come from the people.
When Mr.. Martin went on to
say that we have no choice but
"to make the try or else re-
sign ourselves to eventual de-
cav" he meant the American
reople. In other words, we have
the machinery for a well-func-
tioning. stable economic life.
President Kennedy has more
than once pledged his efforts to
protect and strengthen the dol
lar. But neither he nor Mr..
Martin, nor both of trem to-
gether, can accomplish that goal
if the people do not wish to
practice that kind of discipline.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
INDUSTRIAL
PROGRESS
REVIEW
PLASTICS Iii TO
LOCATE IN BILOXI

Location of a new industry
in Biloxi with an annual payroll
of an estimated $4,000, 900 was
announced this month by COM
lpany and city officials. Arlen
Robinson, president Of Hypo
Corporation, said that his COM
pany will begin operations in
about 80 days. The plart will
manufacture plastic medical and
pharmaceutical items, including
"a hypodermic syringe. About 80
persons will be employed mi
tally but expansion plans call
for employment of $50.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
STATES JOB AND
PICTURE

A report from the Secretary
of States office said recently:
Non-farm payrolls set a new
employment record for the
month of October-1,800 jobs
above the previous high Of 417,-
600, an 1000 over a year ago.
The new total included 121, 900
in manufacturing; $4,000 in
government: "a 900 in trade;
$4,000 in services; 27,800 in con-
struction, communicates and
public utilities; $4,000 in fl
nance, insurance and real es-
tate; and 6,400 in mining. Manu-
featuring, finance and construc-
ton registered increases. Total
personal income for the first
nine months was 81, 1894, goo, 900.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
CORR. PROVIDES GROWTH
CAPITAL FOR BUSINESS

The Mississippi Business and
Indutrial Development Corpor-
alton is now in operation, pool
ing private capital to promote
business and industrial develop
ment.
Originally. sponsored by the
State Chamber of Commerce,
the corporation offers medium
to long-term credit which Mis-
sissippi banks would recon-
mend but cannot normally pro-
vide because of the size Of term
of the loan.
The banking, business and in
.dustrial interests OF Mississippi
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
ANOTHER BALDWIN
EXPANSION SLATED

Bids will be received this
month by the Leflore County
Board of Supervisors for ano-
Their expansion of the Baldwin
Piano Company plant located in
Greenville. The expansion, CO.
vering 100000 square feet, will
be the second expansion for the
plant which had 5000 00 square
feet originally. Earlier this fall,
a contract was let for an 5000
square foot expansion. These
two additions to the original
plant will bring the total square
footage to 100000.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
A LOOK AHEAD

Manufacturers of consumer
goods in 1862 will urveil a
glittering array of fresh styles
and new products as they COM
pete strenuouslv for an increas-
ing supply of consumer spend
ing dollars.
So reports Commercial Fac
tors Corporation of New York,
one of the nations oldest and
largest financing and factoring
firms. The companv, a subsi-
diary of CIT. Financial Corpo-
ration. provides working funds
for manufacturers and distribu-
tors of apparel. shoes, furniture.
hardware, sporting goods and
other consumer items.
"The accent in 1862 in the
consumer goods field will be on
s4vle. usefulness. quality and
value" Commercial Factors
says. "While consumers will
have more money to spend,
competition for these dollars is
increasing. Manufacturers are
vying with one another to come
up with the best possible pro-
ducts and they are in competi-
ton, too. with those who sup
ply certain consumer services
that seem to be enjoying in
creased populority."
The factoring firm points out
that Services" - embracing
things like haircuts, medical
care, home maintenance, enter
tainment, travel and various
cultural pursuits - now claim
about ~ per cent of the average
consumers spending dollars,
compared to 35 cents in 1858
Consumer goods still take the
lions share but competition
from the services" sector o
the. economy is stifsening.. The
result, Commercial Factors says,
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
Uhf Efxtngtnn Anufrttarr
Faithfully Serving Holmes County For More Than 124 Years

are providing a pool of credit
funds (either in loans or in ca
,pital stock purchases) to help
healthy small business firms
needing growth capital.
The new corporation was
launched with over $5E5,00O in
ipaid-in capital. Minor c. Sum-
iners, president of Mississippi
Valley Ga Company, is presi-
/ dent Principal stockholders in
Guide public utility companies,
banks and business leaders.
iOffices are in the Deposit Qua
ranty Bank Building in Jack
son
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
Listsn Ameyicans!
...by Dr.. Georqe S. Benson
PRESIDENT = NATIONAL EDUCATION pRoekAk
aSearcy. Arkansas

Unless the nation meets an
urgent challenge to defend the
dollar, the u. S. faces eventual
decay. 1t is imperative to check
the wage-price spiral and ba-
lance the budget SO the govern
ment is not "perennially pass
ing out IOU's in lieu of paying
its bills" | have been saying
similar things with increasing
conviction for many years, but
the foregoing words are not
mine. They are quoted, and they
ccme from a man in a position
to know.
Who uttered them? According
to the Associated Press, none
other than Chairman William
McChesney Martin, Jr.. of the
Federal Reserve Board. speaking
on December 5th to the annual
meeting of the Tax Foundation.
Many clear heads in Washing
ton (this does not include the
muddled, Keynesian 'thinkerers)
have known these things for
Years. Therefore, despite the en-
couraging tone and mora
strength of the Federal Reserve
officers words. we must predict
that there will be no significant
changes in sight unless the peo-
PIE really want the fiscal sta
fbility of which Mr.. Martin
speaks. When the American peo-
pie have the courage and the
will to demand of Congress anc
the Administration an end to fis.
cal fo~olishness, then, and M
sooner shall we have it.
Why is this so? As DR.. Mel
choir Palyi has observed in Al
Initiation Primer Chicago
Henry Regnery Company, 81,
the Federal Reserve System is
creation of the Congress, func
tions at its mercy, and serve
IFS whims. Instead of keeping t
its original function as a cen
trail bank that would monetiz
credit from productive transac
tons of a commercial. self-iiqui
dating type, the System bulge
with treasury securities. man,
billions of which it continual,
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
COMPANY


tGreenville Shipbuilding Corp.
will open its first and Green
,ville's third drydock in January.
The ,drydock, which represents
an investment of about $125,00Q
will be used for lifting tugboats
and barges out of the water to
make repairs below the water
line. The building will be about
$50 feet long with SO feet. seven
between the wing walls. 1t will
have a lifting capacity of about
Il 900 tons.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
Behind The Scenes
American Business
BY Reynolds Knight

Battle lines are being drawn
for a new round in the fight
for supplying the soft drink in
dustry. The contestants: bottle
producers and car manufac-
turers.
Actually. the battle started
several years ago when can
makers. heartened. by their -ip-
roads in the beer field, started
a major push to induce soft
drink producers to switch to
cans. While the idea has caught
on to some extent, it appears
the can producers still have
quite a distance to cover to
eoual their success with beer
(40 per cent of all beer now is
packaged in cans. one authori-
tative source reportS.)
Bottle suppliers are determin-
ed to hold their ground in the
soft-drink arena, needless to say,
and if possible to recapture
part of the market both there
and in the beer field. To Go
this they'll be relying on siren
uous sales efforts with in-person
calls and elaborate selling pre-
sensations to soft drink COM
panies, plus an upturn in their
advertising in business papers.
Possibly they'll also uncork new
technical Developments, such as
the no-return bottle that was
developed in the struggle for
the beer market.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28

greatly impressed and encour-
aged by the favorable attitudes,
backed with positive action, OF
the people of Mississippi. With
this climate of encouragement
and good will, l am confident
that Standard of Kentucky and
the States economy will con-
tinue to move ahead together"
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
NATIONAL FIRM LOCATES
SALES OFFICES IN JACKSON

Jackson Chamber of Com
merce president Robert M.
Hearin has announced that
Harbour Plywood Corporation
will locate a major sales office
in jackson. A new 10000 square
foot building is being construct
ed in Commerce Park for the
company to use as a warehouse
and distribution center. Hearin
said. Construction will be COM
pleted next spring and the or
ganization will employ 20 per-
sons initially. Harbour Plywood
is affiliated with Aberdeen Ply
wood and Veneers, Inc, of
Aberdeen, Washington, and
Hunts Food, Inc, of Fullerton,
California.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
| FERNANDO
/ NEW INDUSTRY

A new industrial firm, Wire
Products, Inc, plans to begin
Operations in fernando this
month with initial employment
lof about SO persons, according
to A. Gallagher. vice president
and general manager of the
firm. Gallagher said employ
ment is expected to be increased
ito about 100 persons when the
nlant reaches full-scale opera
ton. The company will manufac
lture threaded rods and bolts.
control rods for automotive We
hicles and farm implements.
wire flower pot stands. wire
baskets and displav racks.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28

He was a disturber of thought,
especially of religious thought. If tra-
ditional religion has gone dead for you,
if you feel that to be a living force,
religion must break the molds in which
Ut is confined, look again at Jesus. 1t
was at the dead hand of tradition in
religion that He stuck. He had no
patience with fixed intellectual formu-
cations and rigid moral codes and forms
of activity which are too narrow to
hold the rich ~exuberance of life. For
Him religion was not a form of x
perience existing separately from other
forms of experience; IL was the trans
figuration Of the whole Of experience.
He had to assail practically the en-
tire ecclesiastical system of His day.
sYe have heard that it hath been said
by them of olden time, but | say unto
you." Imagine the CONSERVATION! A
young carpenter from Nazareth weigh
ing the sacred Law in the balances and
finding it wanting. The old Law say
ing mo murder" He saying, mo
anger" the old Law saying mo adul-
terry" He saying mo lustful thought"
the old Law saying divorce on condi-
tion," He saying, mo divorce" the
old Law saying mo false swearing"
He saying mo swearing at ALL" the
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
Gai1cnidl1
A Sermon For The New Year
The Christ We Forget
!. .fIrt nnfnrfsa. - &.
BY REVEREND ROBERT JAMES MccRAcKEN

What is the popular, the prevail
ing conception of Jesus today? He is
thought of mostly as the Servant OF
the human race, the Mediator of sal
walton. the Guarantor of peace of mind.
He is associated with all that is kind
and good, gentle and winsome. Ameri-
cas- f~avorite hymn is said to be
what a Friend we have in Jesus
All our sins and griefs to bear"
He is the Friend of friends, but
wasn't it Emerson who said that a true
friend is a kind of beautiful enemy?
He meant that real friendship has an
extraordinary cl~earsighted quality and
never hides the truth about ourselves
from us. So with Jesus. Gentle and Win
some. He could also be stern and un-
compromising, His eyes flashing with
anger, His words awesome and terribly
ing.
A Disturbing Personality
The fact is that Jesus was a dis
turbing personality. To suppose that
He was never a source of annoyance to
anybody but was agreeable and gra-
cious to everybody is utterly to mis-
conceive Him. When He was indignant
with falsehood and injustice. People
quailed before His firmness. Don't
think of men and women in the Cali
lean days as instinctively running to
Him; it was often the other way round.
A whole community, the Gadarenes,
besought Him to go away, to leave them
alone. He was a disturbing personality.
He still is.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
A Disturber OF Conventions

He was a disturber of convention.
Take a single typical case. Buying N
selling had rome on in the precincts OF
the Temple for as long as anybody
remembered. Everybody knew there
was a graft bound up with it, yet no
body apparently had lifted a finger or
raised a voice in protest. But when
Jesus saw what was going on, the
huckstering. the exploitation, He drove
the oxen. sheep and doves from the
Temple. sent the coins of the money
changers flying, turned their tables up
side down and said: Take these things
out of here. Don't you dare turn My
Fathers House into a shop 1t wasn't
a gesture that made for popularity.
Menace a vested interest and you are
a marked man.
If you are a Christian, do you
realize that your Lord and Master be-
lieved and injustice must either be
mended or ended, that there are situa-
tons so evil that silence in regard to
them is not only cupable but criminal?
He was never easy-going and com
placent. He never passively attempted
the status quo. No more should you.
1t is strange that one generation after
another should persist in thinking of
Him as a sweetly sentimental soul. The
disciples had only to look at Him to
be reminded of the saying in their
Bible, "The zeal of Thine house hal TIL
devoured Him."
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
Z The Lexington Advertiser
Thursday, December 28, 1861

HAZEE BRANN0N SMITH mrs. Walter D)---Edihra and Publisher
Established in 1897 Published Every Thursday - Subscription rates: Any
where in Holmes County, $500 per year; Outside Holmes County $3.50 per year.
Entered a. second class matter at the Post Office al lexington Mississippi
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28

should be ga real break for the
consumer all around"
+ + = +
OUT OF THIS WORLD
Welding is a big business and
ali unusual one Because of its
UNIQUE advantages in joining
metal, it's bound to get bigger.
And with development Of such
fuses as vacuum Welding in
snace, it'll be even more fantas-
tic.
New applications of Welding
processes will push 1862 sales of
equipment and supplies. includ-
ing gases and electrodes, to a
record 1920, 100000 topping
1881 figures by nearly 10 per
cent. This is the confident pre-
diction of Alfred F. Chouinard,
president of the American
Welding Society and director of
research for the NEG division
of Chemetron Corporation.
Welded construction of steel
buildings. which permits more
freedom of design than bolted
frameworks. is a major factor in
the expansion, Chouinard point
ed out. Increased wedding in
bridge and auto construction
hes contributed, too.
Chouinard emissions the day
when welders working in space
will use electron beams to join
toeether huge pieces of metal
fired from the earth by rockets
Electron beam welding is diff
cult to perform on earth be-
cause it must be done in q
vacuum. And that's just what
cnoop &c
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
THINGS TO COME

Soon to be available IS a new
40-watt fluorescent LIGHT said to
have a "life expectancy" Of
5000 hours, compared with the
7.500-hour average credited to
previous fluorescent lamps
A Minneapolis Company is Of
fering the makings for noodle,
macaroni and tomato-rice cas-
seroles. with all the ingredients
packed separately in a single
bcx for each mix. Long-diS-
lance motorists now can equip
their car with a buzzer alarm to
awaken n if doing; tne buzz
ger is clicked off" when any
of several normal driving mo-
tons ceases Special for lazy
ice fishermen: a battery operat-
ed motor device that a be
used to keep the lure in motion
while the fisherman "takes a
Iroo1v
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28
BEST POLICY

An advertising trade group is
working to push observance of
the axiom, "honestv is the best
policy in connection with pre-
Christmas commercials promot-
ing toys on radio and television.
In the New York area, officials
of the group have been asking
advertising people who prepare
toy commercials to submit an
actual demonstration model for
the groups review. 1t might be
pointed out that, when a tov
fails to live up to its advertised
billing. usually the adult who
purchased it is lust as disrleased
as the youngster who received
it.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1961-12-28

should be ga real break for the
consumer all around"
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1961-06-16
Efforts to Avoid War Are A Must

ditorial In NEWS Hami
These
ly for those the States Europe
chew fraught with significance for the entire world.
Whether
which will eliminate possibility
regardless political
Nobody
benefit from If that catastrophe unhed world
it could the
ned
of
amazed that be careless that
the should be felt when them
similar sneak attack as suppose do.
that both
and that neither attack without with
would destroyed
out Washington And worldwide
missiles of destruction the
perhaps few in the world would
Thus. nobody wins a largescale atomic
could be that
United
either nation anywhere would shrink
ignitng the flame of But all the thirst
their And other
when all
safe? There could
hdous
themselves!
the chance of mistake that
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1961-06-16
State House Beat
FRANKLY SPEAKING

| from the regional office in Denver
to show how Montana is fitting into
the Vo-Rehab program.
In the number of rehabilitation
per year we were second in 1858 anC
third in 1859 and 1860 compared
with Colorado, Utah and Wyoming
Rehabilitations per counselor
Idaho, 72; Montana, SO; Utah, 43;
Wyoming, Al; Colorado, 81.
Active cases per counselor-Mon-
tana, 211; Idaho, 1877; Utah, 160;
Colorado, 131; Wyoming, 101.
Average cost per rehabilitation
Montana, $677; Idaho, $697; Colo
RADIO, $8O2; Utah, $3.50; Wyoming,
$3.50; United States, 1882.
Persons needing rehabilitation and
the percentage getting colorado,
2,410 of which 81 per cent are being
served; Utah, 1910, 43 per cent;
Montana, $50, AZ per cent; Idaho,
90, 80 per cent; Wyoming, 480, 81
per cent.
OF the states mentioned Montana
mas the lowest administrative COST
per case served and second lowest
cost per rehabilitation.
x
Doering objects to the Old Age
Survivors, Insurance Disability De-
termination which is also supervised
by Lockwood but is actually not any
of behring's business as a member
of the Board of Education. Doering
imagines that 20 per cent "broker-
age fee'' is charged by the federal
government before returning the
money to Montana.
Why doesn't someone clue in the
impacted gentleman that Montana
does not produce money. The federal
government prints those things of
Irish hue which Republicans love bet
ter than kittens or kin.
Montana produces gold which has
about only one practical value-to
fill holes in your teeth. | wish could
imagine that only a 20 per cent
brokerage fee'' was charged by
Doering to put our native metal in
our native teeth.-FS
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1961-06-16

Monday night in the Governors
reception room a subcommittee of
the Board of Education met to con-
slider certain charges against the adj
ministration of the Bureau of Voca-
tional Rehabilitation.
1t was generally accepted among
members of the press that it was to
be an open meeting, but apparently
the only one naive enough to attend
without checking beforehand was me,
and I had reservations, or lack of
faith, or whatever that predatory in
stinct is, to get there little early
maybe it is self-preservation
instinct and I would rather give them
a chance to kick me out before every
body got there anyhow you have
to be present to have the doors closed
on you in Board of Education mat
tiers.
1t isn't easy to be kicked out of
meeting methinks it isn't so
easy for the guy that has to do the
kicking-because the Governors ex-
ecutive secretary, who was given the
job, wasn't comfortable about it,.
The Governor and the Attorney
General were the only members of
the subcommittee present when | got
the heave-ho. The Attorney General
said he didn't know anything about
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1961-06-16


direction Canadian officer,
with the responsibility of taking attack had Is
Through lucid thinking
withheld Thus eyeah
reprisals
that thinking exercised by Canadian ally
the could
all hell the earth?
essential
have hope for the destiny of mankind. ia es.ss