Newspaper Page Text
Thursday, April 30, 1953
The
Summerville News
D. T. ESPY, Editor and Manager
Subscription Rates:
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Published Every Thursday by
THE NEWS PUBLISHING CO.
Entered at the Post Office at
Summerville, Ga., as Second-
Class Mail Matter.
Card of Thanks, In Memoriam
or any notice where there is a
charge will be run at the rate of
one cent a word.
The News will not be responsible
for errors in advertisements be
yond the cost of the ad.
THE 'E' BOND
DOESN'T DECLINE
By RALPH McGILL
Stock market gamblers, who
have made monye out of the
Korean War, are shocked by the
prospects of peace and are on
the run, causing sharp breaks in
the market.
It is an unhealthy, shameful,
legitimate, unavoidable spec
tacle, which the Communist
enemy uses, and which creates
deep resentment among the mil
lions of Americans, who are,
first of all, interested in an end
to way, and who do not “play”
the market. The investor who
buys stocks and puts them away
in submerged by the flight of
those for whom a halt of blood
letting in Korea means less
profit.
But, all the clamor of the mar
ket and the dust raised by the
exodus of the speculators does
not obscure the sturdy position
of the “E” Savings Bond. It is
the “Stonewall” Jackson of the
investment front.
Its inherent buying power in
creases as inflation decreases. It
is a bond which may be cashed
at any time for its full value.
And, if held for 10 years, it pays
three per cent.
It is a bond which w r as design
ed to protect the small investor
against just what now is hap
pening in the market. For the
“E” bondholder there are no
hazards of decline. The wands of
speculation do his bond no dom
age at all. No mateer how the
market goes, the “E” Bond
stands firm.
PLAINTIVE
A short while ago I talked in
Washington with a Federal Re
serve official.
“Some of those who have cried
loudest for free enterprise and a
free market may find, to their
pained surprise”, he said, “that
when the wands of free enter
prise begin to blow they some
times can be quite cold.”
I thought of that recently
w-hen a lady telephoned, and in
plainitive tones, asked for a
ringing editorial because a spec
ulative Treasury bond had de
clined in value.
For her freedom from the
hated controls and supports had
already begun to be a little chill.
On that day in 1951 when the
Federal Reserve System aban
doned the postwar procedure of
creating new money to enable
professional investors to pur
chase Treasury Bonds without
fear of loss was a good day for
all the population, but especi
ally so for the “E” bondholders,
who did not invest in them with
speculative intent—but to save
money and to assist the govern
ment to hold down inflation.
The “E” Bond has been, and
is, a good public servant. Had it
not been for the millions invest
ed in them as savings, the infla
tionary pressures of the past
eight years would almost surely
have brought on quite serious
damage And now, as the free
market, speculative bonds de
cline there is demonstrated once
more that the "E" Bond is func
tioning as planned. Others are
•‘off”.
FUTURE
In recent days the long-term
SI,OOO bonds at 2^ per cent de
clined to around 93—or $930. And
a 10-year 2^4 per cent issure was
down to about 95.
These declines are taking
place because the "lendable ex
cess reserves” of the Federal
Banking System (which lends to
member banks*, which were
maintained artlciflally until 1951
by the support buying of bonds
by the System, are now sub
stantially reduced because of the
tremendous expansion of Ameri
can business and industry. The
demand for long-term capital is
high; the nations savings, while
great, are not enough to fill the
lendable need. This, say finan
ciers, makes for a rise in the
basic interest structure. And
this, they say, "is felt automati
cally" in the form of lower prices
for all fixed-income securities.
This also means the "E" Bond is
increasing in value as the pur
chasing power of the dollar im
proves.
All this is pretty heavy talk
for the average fenow who views
the stock market as a rather
mysterious place anyhow. But it
alii adds up to the fact that the
“E” Bond is a good, sound buy.
Come peace, or more war, the E
Bond will hold its value. It re
mains perhaps the soundest
stone in the fiscal policy of the
past administration.
News Report
From Washington
IKE COMES THROUGH
METHODS DIFFER
CIVIL RIGHTS SHOCK
LIVING COST DOWN
WASHINGTON, April 15—Pres
ident Dwight D. Eisenhower is
rated by a majority of Washing
ton’s working press as perform
ing beyond expectations at this
stage of the game. That isn’t to
say many of them were not for
Ike, nor to imply they didn’t
think he would make a good
President.
It shows, however, that those
who suspected Ike would be lost
once he found himself in the
White House have been con
vinced. And it proves the fears
of many, over a military man in
the White House, were not need
ed in the present case. Moreover
it demonstrates how many Adlai
Stevenson supports Ike has won
over.
The President —who experi
enced several differences with
the press during the presidential
campaign and who rated second
to Stevenson in his handling of
reporters—has won back what
ever support he lost then. Even
rabid New Deal Democratic re
porters covering Washington
usually agree Ike is completely
sincere, playing fair with the
press in his conferences. Many
admit they are downright fond
of Ike now.
The President’s methods are
sharply different from those em
ployed by Harry Truman. Ike
says few things which have to
be alterted, almost nothing
which is later retracted or modi
fied substantially. While not
slow’ in answering questions, he
is careful in his answers. Yet he
always tries to answer.
This manner has made for few
misunderstandings, few sharp
answers and few’ words which
would have been better un
spoken. And Ike’s dignity, his
silence in the face of tempta
tions to retaliate vocally against
those who are attacking him or
his administration, have won for
[ him much respect.
He is winning the battle of
Washington hands down. His ap
proach is conspicuous because it
is such a contrast to the last
President’s. Truman always came
up with the most unexpected re
mark. often shot back a hotly
worded reply involving some
famous person, at his confer
ences.
Southerners who expected
Eisenhower’s elections to mean
an end to the drift towards more
and more civil rights action from
Washington may be due for quite
a surprise in the next few
months. President Eisenhower,
despite the Southerners, is re
ported ready to take up the civil
rights torch carried by Harry
Tuman.
Already he has hit at any
separation of the races where
federal funds are concerned, and
this takes in much ground.
Strictly speaking, this could even
get into the educational field,
since federal money is used for
school-lunch purposes and oth
ers.
If Ike does continue the Tru
man course on civil rights, he
might alienate the same South
erners Truman alienated, but he
has even less to lose. Truman
won seven of the solid Southern
states in 1948. Ike won only four.
What might be more costly, how
ever, would be the loss of the
Republican party's best chance
in half a century to build a
strong two-party system in
Dixie.
The latest cost-of-living index
showed the sharpest drop in the
cost of living recorded in some
time. Food prices were mainly re
sponsible, but other costs were
going down too. Not many days
afterwards one of the big
three automobile manufacturers
booked prices down an average of
about a hundred dollars a model.
These developments, and oth
ers, indicate that the peak of the
rearmament boom is about to
pass. They also reflect big vol
ume production, which Is not
Just limited to the automobile
industry, which expects to build
six million vehicles this year.
Some of the tremendous vol
ume now reaching the market Is
being moved in sensational sales,
where new stoves, TV sets, elec
tric refrigerators and other items
are being turned loose at greatly
reduced prices. Consumers are
responding with record install
ment buying. Such sales, and
occasional price cuts are expect
ed to continue, since production
is setting new records In many
segments of the civilian econ
omy.
One evening afttr dinner, the
father In the family suggested to
his ten-year-old son that he
ought to give up something for
Farm Bureau News
In this column last week we
gave a brief summary covering a
report from Farm Bureau Presi
dent Wingate to the GFBF Board
of Direstor’s conference. The re
port covered the latest outlook
and activities covering the na
tional farm front. Here is addi
tional information.
The 1953 Georgia Farm Bureau
Convention will be held in Ma
con October 19-20-21. Mark your
calendar now. It is at the State
Convention that Georgia farm
ers meet to re-study, evaluate,
and voice opinion in Resolution
form to solve farm problems. The
resolutions set the policy and
become recommendations for
our Farm Bureau leaders. These
policies and recommendations go
to Washington—to the halls of
Congress—to the Secretary of
Agriculture—and to the Presi
dent.
Georgia's Farm Bureau Fed
eration will continue to fight for
90 per cent of parity. The Board
of Directors last week in resolu
tion form, backed Wingate in his
fight and gave instructions to
continue the fight for 90 per
cent. Congressional leaders re
port that the situation is grave.
Wingate summarized his new
plan of stragety as an attempt
“to prevent a double-barrell cut
in income which not only would
cut the farmers throat, but also
the farm implement men, guano
men, and other businesses”.
J. W. Fanning, Georgia Agri-
Water's Essential
Role in Industry
ATLANTA — (GPS* Did you
ever stop and think about how
important water is in your every
day living—in the home, on the
farm, in the factory? Perhaps
not, because most of us just
naturally take water for grant
ed. But Earle Cocke Jr., of Daw
son, brought out some interest
ing facts about water’s essential
role in industry in a recent
speech before the quartermaster
Association’s Atlanta Chapter.
Discussing various phases of
the “Growing South,” the young
business executive, a past na
tional commander of the Ameri
can Legion who is now assistant
to the president of Delta Air
Lines, said:
“To help in expanding produc
tion, the South possesses one raw’
material used by every industry
in greater amounts than any
other single material. I refer to
water. For modern industry, lack
of water can be as disastrous as
lack of fuel. Water is used as an
active ingredient in production,
as a cooling agent, as boiler
feed, and for many purposes.
“The amounts involved are
amazing. For instance, the
bleaching and dyeing of cotton
goods require between 1,000 and
1,500 gallons of water for every
1,000 yards of material; 100 cases
of canned spinich require 16,000
gallons of water; one ton of sul
phate pulping uses up approxi
mately 70,000 gallons of water,
and it has been estimated that
the production of 1,000 barrels
of synthetic gasoline requires al
most 16-million gallons of wa
ter.
"Few people realize the grow
ing importance—and shall I say
growing problem — involved in
the use of water for the process
es of modern civilization, includ
ing, perhaps beyond the Imagi
nation of most of us, its use in
industry. To meet the increasing
need for water in tremendous
volume, we must tax our In
genuity to its utmost. I shall not
undertake to explore the meth
ods by which the water resources
of this region could be developed
to best advantage.
“I do feel, however, that great
opportunities exist for water de
velopment here and that the
states and private industry, as
well as the Federal Government,
should give continued attention
to the problem. One of the big
opportunities for economic de
velopment in this area lies, in
my opinion, in a concerted re
gional effort to build on the ad
vantage of our great water re
sources.”
Lieut. Col. Myers
Visits Family Here
Lt. Col. Graves T. Myers Is vis
iting his family here for a few
days enroute to Bainbridge Air
Force Base, Georgia, where he
will undergo a refresher course
in flying.
Lent — something that would
really hurt, such as candy. The
boy hesitated, and finally asked
what his father was giving up.
“Both your mother and I are
giving up liquor." the father re
plied
"But before dinner you were
drinking something."
"Yes." asknowledged the fa
ther. "That was sherry. We gave
up hard liquor,"
The boy thought a minute,
then said, "Well, I think I’ll give
up hard candy."
THE SUMMERVILLE NEWS
cultural Economist, in a request
ed appearance before the Board
of Directors summarized the ag
ricultural outlook by saying, “We
are in a tough boat. We are prac
tically in the same boat as prior
to the early 1930’5. If you cut
prices at this time you cut the
throat of the country. I don’t
foresee a depression. But we
should have learned something
from past history”.
Other informaton disclosed is
that Benson’s new USDA budget
has recommended appropriations
for agricultural conservation
payments at $140,000,000 in 1954
in lieu of the present $250,000,-
000 program. In addition, the
Secretary has recommended a
cut of $39,000,000 from the 1953
ACP Program presently set up
and under which farmers have
supposedly already earned their
soil conservation payments. Un
der the present set-up if a farm
er originally applied for applica
tion of intent to carry out a
given priority practice and due
to weather conditions, or a host
of other factors, the practice
was not carried out, he would
not have an opportunity to earn
his farm allotment by carrying
out a second practice which
might be feasible and practical.
The Secretary has authority to
prevent redistributions of un
earned appropriations. It is un
der this set-up that the Secre
tary would save the $39,000,000.
Farm Bureau has voiced its ob
jection.
EASY
)DOES
UF
BY HREH HALE
raTtaLTKarT*
* II — . I ■ ■■■
r>RUNE whip can turn into a'
1 fancy dessert if you serve it in
tall "parfait” type glasses, layer
ing with sliced bananas. Top with
whipped cream and finely chopped
nuts.
Ever tried peppermint sticks as
muddlers with tea? They’re tasty
and interesting. Try them with co
coa for the youngsters, too, to give
them a real treat.
Chipped beef or Welsh rarebit
can be made more appetizing by
tossing in some peanuts. They give
interesting texture.
Grilled cheese sandwiches are
excellent when served with a sauce
made by heating condensed cream
of mushroom soup which has been
thinned slightly with some milk.
Fish and chicken sandwiches,
grilled, are good with the sauce,
too.
Stuff dates or cooked, pitted
prunes with peanut butter and top
THIS WEEK’S RECIPE
Minted Peach Salad
(Serves 6)
6 canned cling peach halves
Salad greens
1 cup cottage cheese
% cup celery, chopped
3 tablespoons lemon juice
M cup mint jelly
3 maraschino cherries
Drain peaches and arrange
cup side up on salad greens.
Blend cheese and celery and
fill peaches with mixture. Beat
lemon juice into jelly and top
cheese-filled peaches with this
mixture. Decorate each peach
half with a half cherry.
with halves of nutmeats. These
are nice as a snack or a salad ac
' companiment.
Nice garnish for meat? Dip apri
cot halves in beaten egg and bread
crumbs and saute in hot fat in the
rkillet. Serve hot.
To give cabbage slaw an inter
esting "personality,** mash an avo
cado and add to it soured cream,
crumbled blue cheese, lemon juice
and salt with a dash of pepper.
Mix thoroughly through finely
shredded cabbage.
Insert tart apple slices in slits
made on the fat of oast pork to
give interesting flavor to the gravy.
Mashed potatoes will b«. rich and
delicious if you add some soured
cream along with the other in
gredients when making them.
WANT ADS
WANTED -To drill water wells.
anywhere, unv depth. Modern
machinery, quick service. All
kinds of pumps furnished and
installed. Call or write W. M. Kit
tle, Box 132, Ringgold, Oa. ts
WANT to make long term farm
loans through the Federal Land
Bank at a low rate of Interest. If
Interested, see T. W. Price, sec
retary-treasurer, at the ordi
nary's office each Thursday
morning (courthouse*, Summer
ville, Oa.—Dalton National Farm
Loan Association. Dalton. Oa., T.
W Price. Secretary-Treasurer ts
WE HAVE a nice selection of fine
Faith diamonds, watches and
Jewelry. A selection for the en
tire family. All watches have a
1-year guarantee. You can't go
wrong in making us headquarters
for your Jewelry needs. Watch re
pairing COLLETT JEWELRY.
PennvUle, Oa. May 7
WANTED AT ONCE — Rawlelgh
Dealer in Chattooga County.
Write Rawlelgh's, Dept. OAC-100-
R, Memphis. Tenn. Apr. 30
| ATTENTION, KOREAN VETS! —
Business training at North
Georgia Business College, Rome,
Ga., will insure your future. Full
time and y 2 time training. ts
FRIDAY and Saturday: Flower
dell Bedding Plants: Verbenas,
salvias, snaps, lantanas, petun
ias, etc., 15c. Also garden gerani
ums, double petunias, fuchias.
Opposite Chattooga Hospital.
FRIDAY and Saturday: Flower
dell Bedding Plants: Verbenas,
salvias, snaps, lantanas, petun
ias, etc., 15c. Also garden gerani
ums, double petunias, fuchias.
Opposite Chattooga Hospital.
FOR RENT — One 4-room house
on First Street. Call 38 or see
Miss Mary Thompson.
PIANO FOR SALE—Wanted—re
sponsible party who can make
reasonable down payment and
assume minimum monthly pay
ments to buy Spinet, like new,
and matching bench. For partic
ulars, write Finance Department,
52 Pryor St., NE, Atlanta, Ga.
April 23
ADDRESS AND MAIL POSTALS.
Make over SSO week. Send $1
for instructions. Ledo, Water
town, Mass. Apr. 30
PINE AND HARDWOOD logs, de
livered to sawmill in rear of
4401 Rossville Boulevard, Chatta
■ nooga, Tenn. June 11
WORM RAISERS AND DEALERS
Why run low on red wigglers.
The season is here. Two Hundred
Million Heart of Georgia red wig
lers ready for shipment. Contact
me for your regular requirements.
Come in truck and can sell you
breeding stock for 3.00 per square
foot at the ranch. These worms
placed in new beds will be ready
for fishing within a few days
with proper care. One bed will
stock several beds of same size.—
Rainey’s Bait Ranch, Phone 3401,
Eatonton, Georgia. Apr. 30
CAFE MAN to operate Chattoo
ga Grill, opening soon! (Small
amount of capital required.) Send
letter stating name, experience,
references, etc., to Box 310, Sum
merville. Right opportunity for
right party.
New Red Crisp
POTATOES lb. 5c CELERY 10c
White or Yellow I Fresh
ONIONS lb. 5c I CROWDER PEAS lb. 19c
STOKELY'S
Tomato Catsup 14-oz. Bottle 15c
No. 2 Con Uncle Tom's Home Style Strawberry
BRUNSWICK STEW.... 39c PRESERVES „ 16-oz. jar 35c
Hormel Sand Mountain Table
SPAM 49c SYRUP __.. 16-oz. jar 15c
All Flavors 12-oz. Box Merita
JELLO 3 pkgs. 25c VANILLA WAFERS.... 25c
MARKET Choice Meat SPECIALS
Best Volue OCEAN PERCH FISH lb. 29c
SLICED BACON _— lb. 55c red 11 snapper steak __ ib. ss c
Mar-Gold or Sweet Sixteen All-Meat Cello-Wrap
OLEOMARGARINE.. Ib. 21c WIENERS Ib. 55c
Choice Beef Fresh Ground Market-Made
CHUCK ROAST.... Ib. 49c PORK SAUSAGE... Ib. 49c
PPsimim I ASI S
MAN OR WOMAN to distribute
Watkins Nationally Advertised
Products to established custom
ers in Trion. Full or part time.
Earnings unlimited. No car or
other investment necessary.
Write Mr. C. R. Ruble, Dept. A-5,
The J. R. Watkins Company,
Memphis, Tennessee.
FOR RENT — One 5-room house
with furnace heat, hot water
heater, real good new house.
New home of Charles Mitchell
and Jess Mitchell. See Jess Mit
chell.
3-ROOM APT. for rent. Hot and
cold water, bath. Call 43J—118
N. Commerce. Mrs. T. A. Mash
burn.
WILL RENT bottom land on farm
at Lyerly, known as the Wheel
er Farm, for cash rent only. Send
offer to Charles T. Morgan,
Mathiston, Miss.
CAFE MAN to operate Chattoo
ga Grill, opening soon! (Small
amount of capital required.) Send
letter stating name, experience,
references, etc., to Box 310, Sum
merville. Right opportunity for
right party.
NUBIAN MILK GOAT for sale-
Fresh, for second time. Also a
young billy. Mrs. Will Hinton,
Phone 0-1913.
EMPIRE COTTON SEED for sale.
Delinted and treated, .08 per
lb. Mrs. Hubert Jones, Route 2,
Lyerly, Ga. (May 7)
CAFE MAN
To Operate Chattooga Grill
OPENING SOON!
(Small amount of capital required)
Send letter stating name, experience, references,
etc., to . . .
Box 310... Summerville
RIGHT OPPORTUNITY FOR RIGHT PARTY
FOR RENT — One 5-room house,
on large lot; bath, hot and cold
water, central heating hall with
circulating heater, telephone,
large garage. Located Bitting
Ave. S. W., Mrs. V. L. Burns home.
Call Lee Gilbert, 68 or 64J for
details. ts
IT’S HERE, in stock, 200 new pat
terns 1953 wallpaper, 1952 stock
50% discount. Odd lots 10c per
single roll. Rome Paint & Wall
paper Co., 12-14 Third Avenue,
Rome, Ga., Phone 3601.
FOR SALE—Farmall Cub tractor,
planters, guano distributor,
cultivator, mowing machine.
Robert Moore, R. 4, Summerville.
FOR SALE—IOOO strawberry cups
... 2 gas ranges, good as new.
Give-away prices. Payne Cal
houn, R. 2, Summerville, Ga.
WE BUY AND SELL GOOD
USED FURNITURE
THE ATTIC SHOP
GENE JUNKINS
Next to Park Theatre
FOR NO. 1
POLIO PROTECTION
and Hospital and Disability
See Your “MUTUAL OF
OMAHA REPRESENTATIVE”
V. W. VERNON
West Pennville - Summerville, Ga.