Newspaper Page Text
Babson Discusses
Your Finances
Babson Park, Mass., May 28
How heavily, without danger, can
you as an individual go into debt ?
How large a mortgage can you
handle and at the same time make
installment payments on a new
car, TV, and a home freezer?
These are good times; the best
ever, we are told Yet, in some sec¬
tions six times as many persons
are failing to meet their install¬
ment payments on time today as
failed in normal times. How are
you fixed?
Are You Rolling in Money?
The U. S. Department of Com¬
merce reported record personal
earnings of $268.3 -billions for
1952 —a five and one-half jump
over 1951. The pay rolls of pri
vite industry accounted for much
of the incrase. Government pay
rolls, which included the military,
were up 13 per cent. The report
implies that almost everybody but
the farmer should be rolling in
money.
The all-time income high for
farmers came in 1947 with a net
of $16.7 billions. 1950 dropped
about 25 per cent from 1947. But
Korea boosted output and prices,
and the net for the farmer moved
up again to a little better than
$14 for 1951. 1952 dropped back
slightly from 1951, and a further
5 percent drop in net income is
expected for 1953. Perhaps the
farmer is not rolling in money.
Are you one of those whose in¬
come has increased? Are you bet¬
ter off today than ever before?
You’re not! Let me tell you why.
A short time ago I saw an analy¬
sis of figures on national income.
Here’s what I found. Ih 1950, the
top 20 percent of our wage earn¬
ers held 93 percent of our sav
ings, leaving 80 percent of the pop¬
ulation with only 7 percent of the
national savings.
We are gleeful about our pros¬
perity, and the wageworkers
should be very thankful. The av
erage earnings of the industrial
worker in this multi-billion-income
year of 1953 are $72 per week,
■which is about $10 per capita high¬
er than in 1951. This sounds like
almost everybody is well off. Yet
to hear labor union officials talk
you yould think wage workers are
not enjoying their share of the
prosperity. Statistics show that
these labor leaders are not telling
the truth.
Are You Spending Too Much?
If you cannot meet all of your
monthly bills on time, including
your installment payments, you
should make out a careful budget
It Is Wise To Check Your • • • •
Printed Need
• • • • Regularly and Not Be Caught “Out y»
Check Your Stock; You May Need • • • •
—OFFICE STATIONERY
—LETTER HEADS
—ENVELOPES
—PROFESSIONAL CARDS
—PLACARDS
—PERSONAL STATIONERY
—CALLING CARDS
—INVOICES
—STATEMENTS
and all others
Our Equipment is Modern -
Our Workmen Are Skilled -
Our Prices Are Reasonable -
THE LE ADER - TRIBUNE
(Established 1888)
Your orders are appreciated and will receive our
prompt and courteous attention . •
W. A. Wood Will
Receive Degree 6
Mr. and Mrs W. A. Wood will
leave Friday for Nashville, Tenn.,
to attend commencement exercises
at Vanderbilt University where
their son, Stewart Wood, will re¬
ceive his AB degree on Sunday,
June 7.
Stewart, an honor graduate of
Fort Valley Hijh School in 1949,
was awarded a four year Mitchell
Scholarship to Vanderbilt. He is
a member of Sigma Nu fraternity
and follow it. You ought now' to
get yourself back on a pay-as-you
go basis in addition to building
up your liquid assets—that is, sav¬
ings accounts and Government
bonds. We must avoid a too large
national consumer debt, now $25.7
billions. Our installment credit ac¬
counts alone are now reaching
$19.3 billions of this debt.
Our national economic problem
at the moment is that our con¬
sumer debt has been rising faster
than has the amount of money
that people have available to spend.
People cannot continue to go fur¬
ther into debt each year without
either increasing their production
and earnings or sooner or later
exneriencing real financial diffi
cutties.
Are You Saving Enough?
In these good times it’s also
shocking to .discover that the me¬
dian liquid asset holdings of all
U. S. families (money readily
available, savings accounts, stocks,
bonds, etc.) have decreased 50 per¬
cent from $470 in 1947 to $230
in 1952.
Many economists received quite
a jolt a short tme ago when the
Burea of Labor Statistics announc¬
ed the results of the financial con
dition of some 12,000 families it
studied in 1950. Its preliminary
report read as if the average fam¬
ily was spending that year $200
more than it was taking in. This
does not give the complete story;
but the situation is serious and
should be corrected either by
spending less or by producing
more.
Let Us All Produce More
Surely our standard of living
has increased remarkably in the
last decade; people have more re¬
frigerators, appliances, automo*
biles and homes. We have, how¬
ever, as a nation, lacked the moral
stamina to work harder and long¬
er to deserve these blessings and
have reserves for an emergency.
Now is the time to save more. Al¬
so, try to pay more down on any¬
thing which you do buy on in
tallments or other forms of credit.
and was named most outstanding
freshman in his fraternity. As a
freshman he was a member of the
Ace Club, Freshman Forum, SCA
and has been on the staff of the
“Hustler", campus newspaper, for
four years serving as sports edi
tor and managing editor his junior
and senior years. He lettered in
track his freshman and sophomore
years. He was vice-president of
the sophomore class, was a mem¬
ber of the mens Intra-mural Board.
During the past year he has been
treasurer of the IFC and was sen¬
ior class representative at large
to the Student Senate, the campus
student governing body.
Stewart and his wife, the for¬
mer Miss Mary Virginia Ford, of
Boonesville, Missouri, and their
young son, Steward, Jr., reside on
State Sreet in Nashville. Stewart
plans to continue his studies at
Graduate School in the Fall.
Mrs. W. A. Wood
To Receive Decree h
Mrs. William A. Wood, Jr., wif
of William A. Wood, Jr., of For
Valley and Augusta, will receive
the degree of MD at commence
ment exercises at the Medical Col
lege of Georgia on Saturday, June
).
Mrs. Wood, the former Mis
Marcella Di Venuto, of Macon
graduated with honors from Mil
ler High School Macon, on June
6th, 1946 and on June 6th, 194!
received the AB degree from Wes
leyan College, completing her fout
years pre-med course in three
years and graduating Cum-laude.
Mrs. Wood will interne next
year at University Hdspital
in Augusta where her husband will
be a senior at the Medical College
of Georgia.
Methodist Church
Rev. G. N. RAINEY, Pastor
Sunday is Communion Day and
the last Sunday before the meeting
of the Annual Conference. Every
member of the Methodist Church
is urged to be present.
9:45 a. m. Sunday School, Hen¬
ry Mathews, General Superinten¬
dent.
11:00 a. m. The pastor has se¬
lected Mathew 19-21, “Thou shall
have treasure in heaven,” as a ba¬
sis for the brief meditation before
administering the Holy Commun¬
ion. All Christians are invited.
7:00 p. m. Youth Fellowship.
8:00 p.m. Evening worship with
the pastor using as a theme: “Con¬
sistent Constituents.
The fans keep the sanctuary rel¬
atively comfortable, and the peo¬
ple are friendly.
YOUR LAMP
CORDS
(extension cords, too!)
s' 0 \
p
V Z( □
0 .
M
&
✓
:
\
THEY'RE WORN OR BROKEN, REPLACE
THEM WITH NEW CORDS BEARING UNDER
‘ WRITER'S LABORATORIES TAG
I
facts
Methodists Will
Hold Conference
The South Georgia Annual Con¬
ference of the Methodist Church
will hold its eighty-seventh ses¬
sion in Albany June 8-12. The Con¬
ference will be called to order
Monday night, the 8th, at 8:00
a. m. by Bishop Arthur J. Moore.
The Rev. Ralph W. Porterfield
pastor of the First Methodist
will be the host pastor, with the
Rev. W. E. Scott, District Super¬
intendent.
The Fort Valley Methodist
Church will be represented by the
aastor, the Rev. G. N. Rainey and
the elected lay delegate, W. Rus¬
sell Edwards, Sr. The statistisal
report will indicate that seventy
people have been received in¬
to the membersip of the church
during the year. The financial ob¬
ligations of the church, amounting
to a little more than $24,000, have
been met in full. Fifty thousand
dollars has been pledged on the
Building Program and $17,000 of
this has been paid.
The sessions of the Conference
will be open to visitors from all
Jp n
m 7- h / Y U m •A
7 (Mi
m l 7 n -T
RECO V t# G
l
GAS •v /.;■ -
for the driving YOU do!
-V
This year’s Chevrolet brings the impor¬ 00 SK-V,
you most I v>' l
i YtnSrm tant gain in economy in Chevrolet history. And
£1 ■5^ it’s the kind of everyday economy that saves j st¬
you money wherever and however you drivel >-■ -
v
i Inch along through heavy traffic. Roll up the miles in steady highway
cruising. Long trips or short errands, byroads or boulevards, you get
far more miles per gallon in this great new Chevrolet.
New high-compreSsion power is the reason. Both the new 115-h.p. More People Buy
Blue-Flame” engine in Powerglide* models—and the advanced 108-h.p.
._ ssm ._ ■ i Thrift-King” engine in gearshift models—deliver more power on less Chevrolets than
T gasoline. Acceleration and hill-climbing ability are greater, fuel con¬
sumption is lower!
savings This is for the the kind driving of economy do, that together counts with the most—important lower over-all costs gasoline of Any Other Car!
you
upkeep. And along with it, you enjoy all the other advantages that only
the new Chevrolet offers you. Come in and see for yourself!
)
*Combination of 115-h.p. “ Blue-Flame” engine and Powerglide automatic trans¬
mission available on “ Two-Ten” and Bel Air models only.
Greene Motor Company i
North Macon Street Fort Valley, Georgia
churches. The principal guest
speakers for special programs wil
be Bishop W. T. Watkins, Louis¬
ville, Ky., and Dr. Henry M. Bul¬
lock of Nashville, Tenn., editor-in
chief of the Methodist Sunday
School publications.
The Rev. M. E. Peavy, Super
intendent of the Ainericus Dis¬
trict .will present a composite re¬
port of the eight districts of the
Conference.
Dr. Bullock will give the ad
dess for the anniversary program
of the Board of Education Tues¬
day night at 8:00 o’clock. Bishop
Watkins, president of the South¬
eastern college of Bishops, will
give two addresses on Wednesday
and two on Thursday, including
an address to the laymen at their
banquet Thursday night at 6:00
o’clock B. I. Thornton of Cordele
is the Conference Lay Leader.
Conference will open Monday
night at eight o’clock with the
Communion and Memorial Serv¬
ices for the. ministers who have
died during the year. It will close
with the reading of the pastoral as¬
signments by Bishop Moore, Fri¬
day at noon J,une 12 .
THE LEADER TRIBUNE — Thursday, June 4, lM$
Will
Speak To Students
ATHENS, Ga , Gov. Herman
will be the speaker for
University of Georgia’s Alum¬
ni Day June 8. The Governor is
i member of the law class of 1936.
The alumni observance will be
rin June 7. As has been the plan
‘or several years, Alumni Day is
scheduled so that alumni parents
graduating students can par
icipUte both in Commencement ac¬
and Alumni Day reunion.
Commencement activities will be¬
with the Baccalaureate sermon
7 at 3 p. m. in Fine Arts
Dr, Claude U. Broach,
class of 1934, nnst'''
the St. Johns Baptist Church
Charlotte, N. C., will delivei
sermon.
From 8 to 9 that evening, Pres,
Mrs. 0. C. Aderhold will >>
at a reception for seniors,
and alumni at the Prest
home on Prince Ave.
Registration on Alumni Day
8, will begin at 9 a. m.' in
of the Chapel. The regular
of the Alumni Society will
tart in the Chapel at 10 a. m. A
will be served on South
at 1 p. m.
The alumni will be given an op¬
to visit the two new dor¬
Myers Hall for women
Reed Hall for men. A con¬
tour of the new Ilah Dun¬
Memorial Library has also
planned.
The 150th Commencement exer¬
will be held in Sanford Sta
beginning at 5:30 p. m. Del¬
Clark, author and former
correspondent for thi
York Times, will speak.
Litters of puppies born during
winter months are likely to
more males than females.
We Have Just What You Need
FOR PERFECT
FROZEN FOOD STORAGE
Freez-Tainer Kordite Plastic dags & Boxes
Ball Freezer Jars — Sealright Containers
Space-Savers — Freezer Paper & Tape
Coffee-Type Freezer Bag — Aluminum Foil
ACM Ascorbic Acid — Additional Lines In
Plastic & Cellophane Marathon
THE LOCKER PLANT
Fort Valley Phone 315
Read The Classifieds
REAL WESTERN
Cowboy Pants
Lee
Riders
m
: ■ g
liK
(f
n
u *\ / 1
MV**' s
.
■■
■
• 8 -
Real f|
cowhands prefer Lee Riders m:
... so do folks everywhere. Snug
fitting, true Western style . . . made
of rugged Lee Cowboy Denim, good
looking, comfortable, long-lasting.
SANFORIZED for permanent fit
and good looks.
Men’s Lee Rider Pants $4.29
Boys' Lee Rider Pants $2.99
8-o z. Denim—
ARMSTRONG’S