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PAGE EIGHT
~ ATHENS BANNER - HERALD
ESTABLISHED 1832 .
; Published Every Evening Except Saturday and Sunday and on Sunday Morning by Athens Publishing
Company. Emtered at the Post Office at Athens, Ga,, as second class mail matter.
E. B. BRASWELL i il et e mat ars« HDNEDE S FLI SN ES
B.C. LUMPKIN and DAN MAGELL .... c... covstvne soes ssns sass ssse.. ASSOCIATE EDITORS
o A A 1 A e i e
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DAILY MEDITATIONS
The Lord is not slack con
| Y cerning his promise, as some
: men count slackness, but is
: AN A lengsuffering to us-ward, not
— willing that any should per
,-f. but that all should come to repentance.~—2nd
eter 3:9.
slave you a tavorite Bible verse? Mail so
A F Pledger Holly Heights Chapel
The Washington Notebook
@ wasningion NOtedoo
BY PETER EDSON
NEA Washingten Correspondent
WASHINGTON.— (NEA) —ln the nearly three
months that W, Stuart Symington has been one
man head of Reconstruction Finance Corporation,
he has approved nearly 300 loans for a total of S3O
million. Both figures are round numbers,
In this same period, RFC has turned down appli
cations for well over 300 loans, seeking a total of
over S4O million.
This record provides enough cases on which to
make & fair appraisal on the job RFC is doing under
new management. Following the disclosures of ir
regularities by Arkansas Senator J. Willlam Ful
bright's investigating committee, there was and still
is considerable agitation to have the big government
lending-agency abolished, -~
Among other innovations Administrater Syming
ton has installed is a weekly list of loans granted.
As ilndicated above, the average loan has been for
about SIOO,OOO. This is a somewhat misleading fig~
ure.
The range of loans granted in the last three
months has been fronr SI,OOO to $4,500,000. But
there have been only half a dozen loans for over
$1,000,000. The vast majority of the loans have been
for under SIOO,OOO.
Formerly, loans of under SIOO,OOO could be made
by the RFC field offices in 31 U. S. cities, Honolulu,
Hawaii, and San Juan, Puerto Rico. Now, all loans
have to be referred to the Washington office.
There are now six reviews on every loan appli
cation before it reaches Administrator Symington
for final decision.
OVERRULED LOWER LEVELS
Symington meets with his personal staff twice a
week to pass on loan applications. This includes
Peter I. Bukowski, Chicago banker-recently-nanred
Deputy Administrator. Also Mr. Symington’s own
counsel, economist and assistants.
Mr. Symington came to the conclusion, as a result
of the Fulbright investigation, that the only loans
on which RFC had trouble were those which the old
Board of Directors had approved by overruling the
recormmendations of lower level examiners and re
view ccmmittees of the RFC staff.
He has therefore made it his rule to override the
six lower level examiantions and recommendations
only by a written report, giving his reasons for so
# doing. Thus far, he has not yet overruled his sub
&i‘dfinates.
This is the broad picture on present RFC opera
tions. It immediately raises one leading question. If
nearly 80 percent of RFC loans are for under SIOO,-
000, why can't they be handled by local private
banks? Why does the government have to do this
job?
Examination of a number of RFC loans approved
in the past three months reveals one dominant fact.
Nearly all the loans granted by RFC had been prev
iously turned down by local bat.ks.
This does not mean they were bad loans. It nreans
that the private banking systém isn’t doing the job
of providing long-term caital loans for business ex
pansion, Part of this is due to present credit restric
tion regulations, to curb inflation,
Part of it is due to state banking laws and bank
charters which prohibit capital risk loans, But a
large part of it is due to what W. Elmer Harber,
- Oklahoma banker and previous RFC chairman,
- called “lazy banking.”
LEAVE JOB TO GOVI‘;RNMENT
- What he meant was that too many bankers pre
~ ferred to invest their money in government-insured
- mortgages or low-yield government bonds, on which
~ there is no risk and no more work required than to
; p coupons. So the job is left to the government,
&“fl RFC.
~ RFC’s SI,OOO and other small loans are mainly
gamr Loan Corporation credits, authorized by an
t of Congress to help tide some poor farmer over
an emergency when his crops are destroyed by “hail
or wind, or his home is washed away by flood.
They're perfectly good loans and all pay off. But
private banks seldom make “character loans” of
this sort any more.
At the other extreme, RFC’s biggest loan of the
last three months offers a good example. It was a
seven-year, $4,500,000 loan to the Carolina Giant
Cement Company. It's near the new H-Bomb plant
site. There's a shortage of cement in the area, which
mrakes this a good defense loan. But private banks
wouldn’t touch it,
Another big category of RFC loans is aid to small
business. For example, the Ashburn Peanut Com
pany, Ashburn, Ga., received SIOO,OOO for 30 months,
to provide working capital. Local banks were will
* ing so loan short-term money on peanut crops, but
not capital loans for plant expansion.
This is the story which runs through case after
case in RFC’s present portfolio of loans.
Never forget that our freedom for which we
~ struggle and fight is meaningless without God.—
~ Bishop Hazen G. Werner, of Methodist Church.
~ Moral re-armament is changing the world by
; glving it a new ideology of peace within a world
g w society.—Max Bladeck, former Cons
- official of Western Germany.
: 42
Here's A Way To Get $6.
A Bushel For Your'Corn
A story in The Country Gentlemen tells the ex
periences of some Indiana farmers who have found
a way to increase their income from cornland by
using corn silage, properly supplemented, to feed
their beef cattle, According to the author of the
story, in the past corn silage has been one of the
most unglamorous of farm “crops” and, he states,
“about as flashy in the cattle-feeding game as a
Percheron in a fast horse race.”
“Corn silage has had a bad name in the past be
cause we have never known exactly how to balance
its deficiencies to get the most out of it,” Dr. W. M.
Beeson, Purdue University animal nutritionist, is
quoted as saying. That's why Dr. Beeson designed
“Purdue Cattle Supplement A,” which has been
responsible for improving the effectiveness of corn
silage in feeding cattle, Tt consists merely in enough
soybean-oil meal, molasses, bone meal, salt and
vifamins in the right proportions to help the steer
get the last ounce of meat-making energy from the
silage,
The Country Gentlemen story claims Benton
county (Indiana) cattle feeders, using the Purdue
supplement with corn silage have had remarkable
success:
“Paul Spencer and Glenn Kinsell got 1,927 pounds
of beef from every acre of corn silage they fed. They
figuerd that was the same as making their corn
worth $6.42 a bushel.
“Harold Schieler’s records show corn silage was
worth $290 an acre. : .
“Eugene Hageman says 12 acres of corn made
6,000 pounds of beef, while 12 acres put into corn
silage yielded more than 12,000 pounds of beef. |
“One bunch of steers on the Purdue University |
farnr put on a ton of beef from each acre of corn
silage.
“Another lot of Purdue steers made corn silage
worth $383.60 an acre, after deducting all other feed
costs.”
“There’s no reason why we can't get fast and
cheap gaing from a wide variety of roughages,” as
serts Dr. Beeson. “Corn silage, grass silage, corn
cobs, soybean straw, oat straw, cornstalks, cotton
seed hulls, sorghum silage, pea-vine silage, citrus
fruit refuse, dry-range forage, and sweet-corn:
refuse—they're all good cattle feeds, properly sup
plemented.”
Missouri Flood-Control
All up and down the Missouri, which lived up to
its name again and left its “Big Muddy” imprint
on the cities and towns, the farms and industries of
the river valley, the battle cry is “it will never hap
pen again.”
There have been similar cries before, but year
after year the Missouri and the Mississippi rise over
their banks to flout man-made efforts to keep the
waters within bounds. The cry is stronger this year,
however, for this time the rivers went on their
worst rampage in a century.
And there have been lots of plans to control the
floods, too, along with lots of argumrents over their
rgerits.
Currently, the Pick-Sloan Plan seems to have
the approval of Congress. In the last six years,
more than a billion dollars have been appropriated
for this system, a 10-state inter-agency affair. In its
entirety, it would include 105 dams, plus control
basins, and levees from Sioux City, lowa, to St.
Louis. Over all, it is a vast five billion dollar pro
ject. L
Thus far it is 25 percent completed, but a lot of
the rest of the plan has been by-passed by Con
gress for urgent defense work. Lt. General Lewis A.
Pick, co-author of the plan, answered criticism of
failure by pointing out that the plan must be car
ried out in its entirety to insure flood protection for
all parts of the basin. : >
There is other criticism which embraces the
whole idea of the Pick-Sloan Plan. Opponents claim
it is a piecemeal program enmeshed in politics and
conflicting local'interests. These critics want a Mis
souri Valley Authority, like the successful TVA. A
bill for an MVA is pending-in Congress, but it has
been pending for several years without action,
With this year's flood damage in Kansas and
Missouri already estimated at nearly a billion dol
lars, it would seem to be a time for action, rather
than argument, “for argument will not hold back the
flood waters.
If the Missouri Valley people are determined “it
will never happen again,” the differences between
the two plans must be resolved quickly to bring
about measures that will work in the near future.
Then Congress must do its part in working out
the necessary legislation, remembering that stenr
ming the Big Muddy is urgent defense, too—against
a billion dollar enemy.
I do hope to get back to the farm some day. Some
people are in a hurry for me to go back . . . but
I'm in no hurry.—President Trumran.
By some time this fall, defense factories will
really hit their stride. At that point, if we’re not
wearing economic life belts, we'll be swamped.—
Eric Johnston, economic stabilizer.
We want peace; and we have proved that we are
firm enough, and strong enough, and wise enough,
to fight for peace.—Oscar R. Ewing, federal secu
rity administrator.
It looks as though he (General MacArthur) would
like to be a presidential nominee . . . not a very
good example of an “old soldier” fading away.—
Senator Theodore Green (D.-R.L). &
THE BANNER-HERALD, ATHENS, GEORGIA
~THE MYSTERIOUS MUFTI
Hzj Amin el Husseinl, born in 1893, has been &
fierce Arab nationalist since he was 16, In World
War 1 he was & young artillery officer in the army
of Turkey, which then owned Palestine. But even
then he plotted revolt—*"Palestine for the Arabs.”
He deserted, rallied several thousand Palestinian
Arabs to the Allied campaign which wrested the
Holy Land from the Turks.
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After the war, during which Britain had promised
the Jews 3 homeland in Palestine, he was in the
forefront of the fight against Zionism. He master
minded the anti-Jewish terrorist riots of 19020. Sen
tenced to 10 years in prison by the British, he fled
. to Jordan, found refuge with Abduillah, with whose
assassination three decades later he was linked,
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A fugitive, he nevertheless continued to exercise
great power in the Moslem world becanse, as Grand
Muftl (lronically, appointed to the post by Britain)
he was a spiritual and political leader. Although
exiled, in 1937 he fomented a murderous anti-
British outbreak by Arab terrorists in Palestine and
in 1938 organized a revolt in Irag, then under
French mandate.
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The Iraq revolt was financed by Nazl agents. When
it falled, he fled to Italy, where he was welcomed
by Mussolini and proceeded to Germany, where he
worked manfully for Hitler, attempting to arouse
@ Moslem tribesmen against the Aliies.
RESEARCH VALUES
Research on the use of fertilizer
and method of soil management
have revealed facts that aid farm
ers in making soils more produc~
tive. Because new techniques
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The Styleline De Luxe 2-Door Sedan .fifiww*:':-:‘7‘:':‘:g:::?::;#:;:s:s:"";:;:s‘s’3:’}’:s?s#:Efgf‘ff??fféi’\:?i;l’fEé:}:E:-\.:‘:EEfi&:i?:-*‘.f:i'-:::-,;,':ftE::---f~:-:-.-.-.,,,,,,;:::\‘_. = 4 v A
{Continuation of standard equipment and #rim B G o
illustrated is dependent on availability of material)
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in its field!
Longest of all low-priced cars—l 97% inches
from bumper to bumper! Heaviest—3oßs
pounds of solid quality in the model illustrated.?
Widest tread—sß% inches between centers sos
the rear wheels. It looks and rides better . . .
it’s built to be stronger and last longer . . . than
others in its field!
tStyleline De Luxe 2-Door Sedan,
shipping weight without spare tire.
«+.and finest no-shift driving
at lowest cost with
POW ERQM
AUTOMATIC TRANSMISSION*
Chevrolet’s time-proved Powerglide Automatic
Transmission, coupled with 105-h.p. Valve-in-
Head Engine gives finest no-shift driving at
lowest cost—plus the most powerful performance
in its field.
No clutch pedal! No gearshifting! No power
steps or surges! Only zffortless motion, hitherto
undreamed of driving ease, and velvet velovity
. . . a smooth, unbroken flow of power at all
engine speeds!
Come, try Powerglide—only billion-mile-proved
automatic transmission in its field!
*Combination of Powerglide Automatic Transmis
sion and 105-h.p. Valve-in-Head Engine optiongl on
De Luxe models at extra cost.
have been put to use on many|
farms, productivity is on the,
come-back in areas where yields
were falling off because of declin
ing soil activities.
UNIVERSITY CHEVRO!:EIE CO.
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AN T Pl r S )
Captured by the French fleeing from.
beaten Germany in 1945, he escaped the
next year and fled to Egypt. Egypt re
fused to give him up. He is considered
to have played a major role in direct
ing Araly forces against the Israelis in
the war of 1948-49. Now, as tension
mounts in the Near East, the Mufii's
hand is again seen, stirring up trouble.
Top man in the extremist Palestinian
group, he has accused Trans-Jordan of
terrorizing Palestinian Arabs. His fa
natics still live for the day when they
may drive the Israelis into the sea.
The acreage in cotton in the
United States on July 1 was esti~
mated to be 29,510,000, or an in
crease of 59 percent above the 18,-
613,000 acres reported July 1, 1950.
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in its field!
O finest styling
(e X% 7 .. . with extra-beautiful,
B 25 R extra-sturdy Bodies by
R\ e Fisher!
SR EBN TS oo s e :
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PR s.@”%‘;{ = finest thrills
et P~ g 8 .
& - N\ Wwith thrift
&,/ W\ .. . only car in the
S S low-price field with a
0 e Valve-in-Head Engine!
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finest riding ease @N .
.. . thanks to its Knee- g@fig@‘ N N
Action_ Ride, exclusive ’§s¢%¥ Lt
. o "V/’" Ty
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:fi S ST S, | finest vision
AN P . . . with big Curved
@3&«*“”%%” _ Windshield and Pano
%‘i\)"fi ; ramic Visibility!
N L finest safety
N\ Y oliel Protection
U VOO @R . wits safery-Sight
*\‘gm ?&J % Instrument Panel and
Ll T Jumbo-Drum Brakes —
. largest in its field!
. MORE PEOPLE BUY CHEVROLETS THAN ANY OTMER CAR)
Georgia Film
library Has
1,100 Titl
5 [les
Some 1700 film titles, rangifg
from football to atomic energy, are
constantly being made available to
all parts of the country by the Uni
versity of Georgia’s film library.
Schools, civic clubs, church and
business groups, and practically
any type of organization you care
to name use these films for recrea
tion and education, mostly the lat
ter.
The Division of General Exten~
sion, which operates the film li
brary, has made movies available
for a number of years in ever
increasing numbers. And it con=-
templates still broader service as
the number of films and cduplicates
grows and as more groups become
familiar with the service. Com
plete catalogs listing titles and
the nominal rental costs are avail
able upon request.
Shown To Classes
In University classes many films
are shown, and many are borrowed
for showing by county and home
demonstration agents, University
off-campus centers, and other units
MOTOR INN |
Old Colony Motor Inn, located south of Athens
on 129-441, built primarily to offer deluxe motor
accommodations to transients, is now open to
guests.
Realizing and appreciating the interest and
well-wishing of the citizens of Athens, the man
agement extends a cordial invitation to the pub
lic to visit the Inn at their convenience.
We shall be delighted to serve Athenians as
“an extra guest room.”
Our rates will remain the same throughout the
year, football week-ends and holidays included.
Reservations accepted.
JUSTUS C. HARPER,
Owner and Manager.
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line in its field!
Not only does Chevrolet excel in size and
quality—not only does it bring you feature
after feature of the finest cars at the greatest -
savings—but it’s also the lowest-priced line
in its field . . . extremely economical to buy,
operate and maintain. So why pay more,
why accept less? Come in, place your order
for America’s largest and firest low-priced
car—now.
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) CHEVROLET
T e
SUNDAY, AUGUST 5, 1951,
of the University System,
~ All films are available for a
nominal fee to any person or group
having use for them. Within the
University System they may be
‘userd free. Last year the film li
brary served an audience of over
1,000,000. Films have been shown
in 48 states,
Recently added to the collection
are timely titles such as “Dem
ocracy,” “Searchlight on the Unit«
ed Nations,” “United Nations at
Work,” “Survival Under Atomic
Attack,” and “Brotherhood of
Man.”
The U. 8. Departrrent of Agri
culture says cows will produce
from 10 to 20 percent more milk
when drinking water is piped to
their barns.
~ Secentifee.
LT
234 E. WASHINGTON ™~
PFONE 1726