davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-10-16
YOUR MONEYS WORTH
Handling Problems
Of Price Stability
BY SYLVIA PORTER

and over chat was the number
then jobless). You would be
of much more service to tn
country if you'd turn your at
tention to the problems of un-
employment and of achieving
an adequate rate of growth, )"
he repeatedly remarked.
Now it is October, 1862, and
I have gone back to Prof. Slich-
ter because the viewpoint that
was such a shocker to the econ
omists in 1859 is becom in g
widely accepted by economists
in Government, industry IN d
labor.
The fact is that in recen n
years, we have had remarkable
stability in prices, Prof,
Slichter was entirely correct
when he insisted initiation fears
were grossly exaggerated and
we were concentrating on the
wrong problems. Prices of raw
materials have sunk far below
their highs of the 1950s. Whole
sale prices actually are one-half
per cent beneath the levels ex-
iSting when this recovery began
in early 1861. The rise in con-
sumner prices has been modest,
due mostly to climbing costs
of services. We are, as an exc
cutiVe of the National Associa-
ton of Purchasing Agents put
it the other day, ''in a time
of almost absolute price sta
bility."
The fact is that throughout
this period of price steadiness,
we have had a high rate of
unemployment, excess plant ca
pacity, a disappointingly low
Evening star., 1962-10-16

In April 1859, the late Harvard
professor, Sumner II. Slichter,
enraged his colleagues by de-
claring, "It is erroneous to as
sumo that initiation necessarily
means that there is something
wrong with the economy" Prof
Slichter said in an address to
a selected group of Americas S
top bankers, "A rising price lev
ell Imitation, if you wild is
likely to be a sign of vigorous
economic health, of an economy
possessing great capacity to de-
velop new investment opportu-
mites"
He rubbed it in harder by
warning these most vocal critics
of even mild price rises that
their fear of initiation was
making both government and
industry afraid of expansionist
policies" and thereby was de-
priving us "of billions of dol
lars of production and millions
of man years of employment
which the country could have
had if it had not made fetish
of a stable price level"
Prof. Shelters view caused
an uproar at the time. I recall
a conference on price-wage pol
icieS in the summer of 1859 at
which Prof. Slichter was cor
nered by business and la Dor
union economists and forced to
defend his thesis until after 3
am. in the morning.
Held His Ground
Prof. Slichter held his ground,
Initiation is far less important
now that the problem of "A mil
lion unemployed" he said over
Evening star., 1962-10-16

total Of investment by business
firms, a growth rate substan-
TALLY below our potential. To-
day, 20 months after the low of
the last recession, the unem-
ployment rate still is at 5.8 per
cent. The total output is bill
lions below what it should and
could be.
Profit Squeeze Grows
The fact is that business
concerns have been caught in
a profit squeeze, consisting of
rising costs of production and
overhead and of Simultaneous
ly stable prices. Not able to
see expanding demand for their
products and reasonable profits,
corporations simply have n OF
been willing to risk investing
huge sums on expansion and
modernization. Since this sort
of spending is Immediately
translated into jobs and pay
checks, the price stability has
directly and indirectly been a
factor contributing to the high
jobless rate.
The fact is that price stabili-
ty in itself has created new
problems over a broad range.
It's scarcely a secret, for in
stance, that prices in the home
market are soft in many regions
and this unquestionably has re-
tarded building of new homes.
If we have achieved price
stability at the heavy cost of
high unemployment and slug
gish growth, what do we do
about it?
What we do about it is to
try bold new policies to accel-
crate growth and reduce tn e
unemployment rate in a cycle
of price stability. What tn a t.
means is tax reduction across
the-board to spur consumer
spending, to stimulate indus
trial production and to give
businessmen the financial abil-
ity and incentives to risk the
investments which will make
jobs and prosperity.
distributed 1852
by the Hall Syndicate, Inc.)
(All Rights ReserVed)
Evening star., 1962-10-16
Steel Output
Holds STEADY

NEW YORK. Oct. I6 (AP)
- The Nations steel mills
turned out 1,746,000 tons of
ingots and steel for castings
last week, exactly matching
production for the preceding
week.
The American Iron and Steel
Institute said production last
week stood at an index level of
93.7 per cent, with 1957-59 out
put equalling 100.
For the first al weeks of the
year, output totaled 78,274,000
tons for an index reading of
1928, up 4.97 per cent from the
74.622,000 pace of the compare
BILE 1861 period.
Evening star., 1962-10-16
Fairbanks Elects

NEW YORK, Oct. 16 (AP)
Fairbanks Whitney Corp. yes
terday named George A. Strich-
man as president to succeed
David KaT.
Mr.. Karr was elevated to
chairman of the holding COM
pany, which has diversified
manufacturing interests.
Evening star., 1962-10-16

ousteps the best of em Darts low price is in keeping
with other compacts But its low upkeep and revolutionary
new 5-year/5o 000miIe warranty put it in class all its
own You get from the day you buy to the day
trade Dart comes in full line of models Hadtops, like
the sporty Dart CT above. Two dashing converibIes.
Famiy-mnded sedans and wagons. If you can't contain
yourself any longer why wait? Your Dodge Dealer will be
glad to show you to exta-roomy Dart accommodations.
r1sd sWursBss
p
rsonsha pss;h
du L s az M
Evening star., 1962-10-16
INTRODUCING
COMPACT'63:
DODGE DART 8: s: s: s:
q Fresh NEW COMPACT IN THE LARGE ECONOMY SIZE! -

DISTRICT OF CoLUMBA-WASHINGToN
BOWMAN MOTOR SALES, INC. 1880 Georgia Avenue NV.
FRANCIS 4 PARSONS INC, 2IOO Nichols Avenue Sc.
HERB GORDON DODGE. INC, Connecticut W
KAPLAN & CRAWFORD, 2329 Champlain Street
SENATE MOTORS, INC NE.
Evening star., 1962-10-16

MARYLAND
BETHESDA-DIVVER COMPANY
Ave.
L COMPANY
INCORP,
WALDORF-MORELAND
Evening star., 1962-10-16

- Forget what you've figured about compacts
. Darts new kind of compact in the large
y economy size. It's got famiIy-size room,
. famiy-size comfort. Nobody gets short
h changed. Note how the roofline sweeps straight
back instead of sIoping off, That means plenty
4 of headroom, front and rear. Comfort for every
one aboard. Darts too roomy to be a compact,
but too darned thrifty to be anything else. Its
standard Six is as easy on gas as other compacts.
But this same husky Six has the muscle of an eight
"a fast one at that Dart saves with the rest of EN-,
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25
From The Shoulder
{.-. ~

The Presidents fury at the steel companies for
seeking to raise their prices on steel about $500
per ton and the subsequent backing down of the
steel industry the proposed price hike met with
popular approval The average man on the street,
by surveys, was all for the Presidents decision.
Let it be known however, that we certainly do
not agree with the President. We don't mean that i,
steel should necessarily have been raised IN price
out we do mean that in this country no President
should have the right to determine the price of Il
manufacturers product. When he does have that
right and succeeds in overpowerng the industry, we
have lost more of the free enterprise that is slowly
trucking away in America.
If he set the price OF steel then ne can set
he price of ping pong balls and fiddle winks.
We agree with the Wall Street Journal
when it said in editorial -. this remarkable
White House performance has nothing to do with
1t is political effort to make the decision appear
piece of uniuStficd. high-handed gouglng. And
thereby promote the idea that the Government, not
the market place. should determine the level of steel
prices.
Since 1853 the steel industry has granted four
Increases in wage to its workers. This has amounted
to about 40 the hour for every employee
Other costs have risen by six percent III the steel
industry. The Union when the industry in
stalls automaton that replaces employees. We
ask YOU you can't increase the price of the product
to compensate for your rising cost how you
supposed to stay in business?
Stockholders in I. S. Steel get returns of less
than six percent on the dollar now How is industry
supposed get folks to invest when the return now
from steel stock is below that Of many other i'll
duStrieS?
That attempt to pilloly private company
ought to infuriate the country This idea that the
price of steel any other commodity, ought to be
what the President says it is, Is Il shame III Il
democracy.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25

allow just one section of its workers
vote on the proposal.
The employees of Carolina Tele-
phone and Telegraph are being paid
wages now that compare favOrably
with other workers of Eastern North
Carolina. Their fringe benefits will
compare with Southern Bell or any
OF the other phone companies in the
area that are unionized
Eastern North Carolina has begun
Is largely becaue of two things: l.
to lnduStrialiZe i'll recent years. This
Availability of labor, and 2-Absence
OF labor unions. There's no question
IN our mind that when the unions
Decme plentiful in this section, indus
trial prospects will become scarce.
We are not by nature antiunion
We are completely aware of the good
mat Labor unions have done i'm
America. But we do not believe work
erS should be continually harrassed
TO JON a union and no pressure should
be put on them in election after cleo
ton to force, their unionization. The
rights OF Americans can be trampled
by labor unions Just as they can by
management and government.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25

them
These products, he stressed. include
fresh and procesSed foods and sea-
foods. of many varieties. wearing APP
parel of all kinds, obacco products,
ladies hosiery of the eye actch:I g
types fabrics, furniture. luggage,
mattresses, medical preparations. mo-
bile homes. paints. pipes. sleeping
bags. stoves. storm windows and
doors. mirrors, eye glasses. zipperS.
perfumes. towels, handkerchiefS, de
tergents. jewelry. and numerous
others that the buying public wants
and needs. N1UU
Plans for the weeks Observance
call for North Carolina-made products
to be prominently displayed in stores
featured on restaurant menus. in dis
pay advertisements. and in public
gathering places. Civic clubs through
out the State are being requested to
assist by serving 100, North Caro-
lima meals at their meetings during
the week
Communities will help emphasize
the Importance Of industry to their
areas by displaying products locally
made or proceSSed in public gathering
places
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25
MADE IN N. G.

North Carolina made products will
get the red carpet treatment in stores.
restaurants, and other places of bust
ness throughout the State during
Made In North Carolina Week" June
1915.
Dates for the event were announced
today by Director Hargrove Bowles.
DR., of the Department of Conserva-
ton and Development, which is spon-
soring it.
Cooperating will be merchants.
food dealers, restaurant operators.
manufacturers, civic groups and
others.
Bowles emphasized that the Dur
pose of Made In North Carolina
week Is to make the buying public
more aware of the availability and
the excellence of the large variety of
eye-appeallng and highly useful North
Caroma-made products. to encourage
greater purchase ard Use of these
products, and to point up the growing
Importance of industry to State, local
and individual economy"
He said North Carolina-madc pro-
dues now include everything family
or individual normally needs land
we want the public to buy more of
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25
EdftOrialS...
THE TELEPHONE AND UNION

Once again, after having been
voted down several times in the past.
the union is seeking to hold vote
of plant employees of Carolina Tele-
phone and Telegraph Company.
While no election date has been set
to date, rest assured that if the union
wants another vote, the government
will see that they get another, and
another, and another.
Now the telephone company has no
objection to vote by Its employees
as to whether they want to unionize
or remain non-union. But if and when
this vote does come off, they would
like to have it company-wide for all
Its employees, not just one branch
of its operation where the union ap-
parently feels it can get that desired
majority.
The plant employees branch, which
the union wants to have vote, is COM
posed of about 600 of the company
workers. Craft and management en-
ployees combined, Carolina Telephone
and Telegraph Company has about
$500 persons working. 1t doesn't seem
falr to the company, nor to us, to
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25
Agriculture
in
Action
~ WALLACE PARKER
n. c. Fern bufeas federaiioo

BY WALLACE PARKER
n. c. Fern Bureau Federation
4 PROGRAM TO REDUCE
SURPLUS AGRICULTURAL
PRODUCTION
For several decades. Amcri-
can farmers have had the ca
pacity to produce more than
we could consume in this
country and market abroad.
This excess capacity has been
used to build up huge guam
titles of agricultural surpluscs.
The Commodity Credit Corpo-
ration of the L. s. Department
of Agriculture has in invcn-
tory about IS billion worth of
farm commodities. with feed
grain and wheat making up
about 30 percent of the total.
Economists tell us that this
excess capacity may continue
to be with us for some time
and that our excess production
ould be as great as 3 or :
percent of our total annual
agricultural production. To
prevent this surplus produc-
ton. it will be necessary for
farmers to cut down on the
use of one or more of the
factors of Observation-Disclosures
labor. capital. land OF man
aecmcnt.
Congress Is now considering
a farm bill which could reduce
surplus production sufficiently
by reducing one of the factors
OF production - land. This
cropland retirement program
Congress is now considering
deals directly with feed grains
and wheat - the commodities
which comprise most of our
SURPRISES - and calls for no
change in other programs such
as the tobacco. cotton. peanut
and dairy programs.
The cropland retirement pro.
gram is designed to solve the
feed grain and wheat surplus
problems within the framework
Of a market system. 1t has been
called IA bridge to an Improv-
cd agricultural situation in
which the need for government
expenditures will be greatly
reduced"
The proposed legislation has
been re commended To Congress
by farmers throughout the ma
ton who have been working
through their farm organiza-
ton Farm Bureau - for
several years TO come up with
solution To our agricultural
problems.
The Farm Bureau program
would permit market prices to
help guide adjustments in pro-
duction and cOnSumption: use
support prices to facilitate or
derry marketing rather than Ia
fix prices: and protect the
marke system from the burden
of accumulated government
stocks so that prCicS can rise
above the support levels. This
is the road to higher per family
net farm income.
The cropland rctirccmnt ap-
prOaCh calls for:
~ Opportunity for the re-
nCwal of expiring conservation
reserve contracts.
~ New long-tcrm contracts
for Cropland retirement on 1
purely voluntary. competitive.
bid basis with emphasis on the
retirement Of whole farms.
. B. \ program to rCAov.
from production the additional
cropland. if any. necessary iC
balance output and market dc.
mand on an annual c0ntraC
basis by requiring that pro
duccrS retire a percentage %
their cropland as a qualifica
: ton for price support on fccc
grains. wheat. soybcans. ant
flaySccd.
( A. Price supports for fec
! grains. wheat. sOybcans. am
/, flsXsced on basis conSistcn
= with the need TO adjust farm
Z production to effective markc
demand.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25
Love For
Living

By Leland Scsars IIungcrpi!icr
CD'ac what may OF joy 90
sorrow.
There VII. come the 'umorrr 90
WhcI my capsule mounts Win
m,
y ID sails through space DER
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25
Carers
Column

COMMANDMENTS: Robert solcs, disbursements
ten commandments tackled his wall Some how got tom
read the thing before but it's worth reading
again 1t has real for employer and employee even
THE TEN COMMANDMENTS
Don't lie. 1t wastes time and yours am sure
to catch you in the end. and that is the wrong end
Swatch work and not the clock good days
work makes long day short; and poor days work
s-Give than 1 and will give
more than expect can afford to increase your pay
If increase profits
4-You OWE So to yourself you af-
ford to anyone else.
5-Dishonesty accident.
6-Iind your business and in time you'll have
business of your own to mind
Don't do anything here hur your self-res-
An employee who is willing steal for is willing
to steal from
SIT business what night
But dissipation effects what do the day, and
do half much demand you'll last half long
as hoped
9-Dont m I o what l ought
to hear
lO-Dont kick if kick. you're worth correc.ng
you're worth keeping.
TINE you is flying Just stop
reaiize that school will another month 1t like
only few weeks when the s6l62 term started Now this
may not be true students and teachers. but most
,ntS this seems To be the
BUSINESS: great many lately
that things have been quiet year every
instance that could get the individual admit il he
long more business than One fellow said he JUS
pared his daily sales and without doubt that he ahead
II He wasn't thoroughly convinced tha:
these United States is that the difference between operating
costs and income has narrowed point that volume has
grow considerably before profits all Just about
knows Wholesale.
This all actually
be the eventual doom retail enterprise have
IT. There's also the fact that takes big business
eny business at all Small businesses like the small farm
is disappearing the American Government
and taxes such that it takes big business absorb tn,
costs If bookkeeping and record keeping
NEW DOCTOR: From every report.
meeting with and patients calling
tying numbers The local businessmen have felt that
believe another would
wanted and the
procurement of Dr. Winfield Hardy IN Tabor City tn.
number goal OF the Mel Association ycaI
and that goal has fulfilled.
FISHING: The proprietor Fishing
in LccSburg say shell crackers
the beds real a
drop everything then
Florida badly but couldn't away >,
1Olc to slip off day this week. II like long
vc or Just lew days fishing but its like the Call of tn
Wild for those who the sport much than
Many mas been the time that passed up meal mca
Just to keep hook and line in the longer
y Satscan says American women o 1862 is taller
heavier. buscr csgcr and hppicr o 1860
she's also lppjCI.
Early to bed and carly you'll money
Truman dgnified and dccorouFom press report VII,
for other guys
IF it wouldn't hten you
are not normal psychologist In this respect
normal rs anvbody-maybc nOrmalcr
"In Newark. N. j people yru
attend the first meeting OF survival hut only
showed up-PreSs report would that
to want to survive
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25

In Newark N j. it was anticipated that 400 people woulo
attend the first meeting survival hut only
showed up-PreSS II would that
as to what the heck happen in this mxCdup
to survive
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1962-04-25

III wouldn't iriehten you be blasted into orbit
not normal says psychologist In this respect we al
normal rs anvbOdy-rnayb he nUrmalCr.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1962-04-12

Mr.. and Mrs. c. A. Negrelli
6620 Kingwood dr., Mayfield
Heights, announce the engage.
ment of their daughter, Johan.
ma to James w. Roberts, sol
Of Mr.. and Mrs. K. Frank Rob
erts, 2026 Brunswick rd.
Miss Negrellf, a Brush High
graduate, will receive her de-
gree from Miami University ir
June. A member Of Delta Zeta
sorority, she plans to teach
school in the Bloomington, Ind
area.
A former Shaw High student,
Mr.. Roberts is also scheduled
to graduate from Miami Uni
versity in June. His fraternity
is Sigma Phi Epsilon. He will
attend the graduate school at
Indiana University.
Wedding plans are for Aug
ust 18th at the Noble Road
Presbyterian Church.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1962-04-12
DeMoIay Mons
Plan Benefit

Coeur de Lion DeMolay men,
bers and the Mons Club will
hold smorgasbord Saturday
from 6 to s p. m. at Collinwood
Masonic Temple, 813 East
152nd ST., for the benefit of
Mrs. Jane Loucks.
Mrs. MON" Jane Loucks lost
her mother and father in a
head-on collision last Christ
mas Eve.
Her parents, Mr.. and Mrs.
Thomas Phillips, died Of in
juries received in the accident
and Mrs. Loucks was only re-
Gently released from the hos
pital.
Her three children, Kenneth
Barbara, and Gregory also re-
ceived injuries of varying de-
grees Of severity.
Mrs. Loucks, a widow, is the
sole support of her family and
has naturally acquired a stag
gering total of bills despite
other assistance.
Sears-Roebuck, where Mrs.
| Loucks had worked as a part
time employee, raised a sub
stantial sum with benefit
dance.
The Occur de Lion DeMolay
and its "Moms Club" hope to
have sell-out crowd at their
Saturday night smorgasbord.
Tickets may be obtained at
the door or further information
received by calling either ".
1-4956 or GIL. 1-0525. Any do
nations to this most worthy
cause will also be appreciated
according to DeMolay officials.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1962-04-12
Plan Lecture
For Women

The LaLeche League of
Greater Cleveland plans to start
a series of four lectures on,
"The Womanly Art of Breast
Feeding" The lectures will be
held in the home Of Mrs. Rob-
ert Bencic, 19S00 South Lake
Shore blvd, starting today al
S:45 p. m.
Those interested in attending
the lecture series should call
Mrs. Bencic at w. 6-3S11.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1962-04-12
CoHinwood Girls
Hold Reunion

Girls Of the Collinwood High
School graduating class Of Jan
uary, 1914, are planning a lun-
cheon reunion in the near fu-
ture.
Those interested are asked to
contact Mrs. Leonard Yankc
Naomi Halbert), w. 6-2O86; or
Mrs. Eileen (Jackson) Quine
WI 1-2672
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1962-04-12
GIenyiIIe 81 Reunion

The Glenville High School
class of January and June 1882
will hold a 3Oth Reunion Recep-
tisn on April 29th at the Wade
Park Manor from 4 to 6 p. M
For information, call Ivan l.
Miller, chairman, at MA. 1896.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1962-04-12

Mr.. and Mrs Harold Rowan,
1852 Lake Shore b v d :,
announce the engagement of
their daughter, Patricia Ann to
Kenneth Renner, son Of Mr.. and
Mrs. Jacob Renner, 13507 Shaw
ave.
Wedding plans are for May
26th.
4
Ncgrelli-ROberts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-15
McShuin Firm
Fined $500 for
Sufety Violations

John McS1ain, Incorporated
which Is building the Federal
office Building No. 9 at Nine
tenth street and Virginia ave-
nues NV, has been fined 500
for violation Of four industrial
safety regulations.
The firm could have beer
fined a possible maximum Of
$1,000 yesterday. but Municipal
Court Judge Milton Kronheim
jr. noted that the construction
firm has not been cited for any
violations for 10 years.
The fine Of 500 was levied
after the firm pleaded mo con-
test"
The charges cited were: Fail
ing to provide guard rails foI
an open pit at ground level:
failure to provide rails at base
ment level for an elevator
shaft: use Of understood scat
folding ratings at fourth and
sixth floor levels; inadequate
toilet facilities for workers al
the office building project.