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Thursday, April 30, 1953 The Summerville News D. T. ESPY, Editor and Manager Subscription Rates: Six Months $lO3 One Year $2.06 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.