The Fairfield Recorder (Fairfield, Tex.), Vol. 70, No. 31, Ed. 1 Thursday, April 25, 1946 Page: 2 of 8
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WHAT IS A DOLLAR WORTH
Take a dollar bill and look at It. From all appearances it is
worth 100 cents and will buy one hundred cents worth of food
clothing. Dfd you ever realize that the value of that dollar bill can
change over night? In a month from now it might only be worth
seventy-five or eighty cents. How, you ask, could this happen?
The answer is simple. If a little inflation should come and the
prices of commodities advance 25 per cent the dollar bill that is
worth one hundred cents today would be worth in purchasing pow
er but 75 cents, that is you could buy for 75 cents today what it
would take a dollar to buy a month from now. If inflation should
hit harder and prices increase 50 per cent the dollar that is worth
one hundred cents today would buy but 50 cents worth of com
moditie8 a month from now. In'other words it would take two dol-
lars to buy as much food and clothing a month from now as one
dollar would buy today. The mistake too many make is they think
they can have an inflated income and not pay inflated prices. It
doesn't work out that way.
-o--
How this country rides through the let down or what some
On* of the element* that Is hamp-
er inf reconversion and the fifht be-
ing waged against inflation, in my
opinion, is the lack of plain, common,
everyday honest to God patriotism in
the hearts of too many people of this
country.
might call a Repression that is sure to follow the high tide of pros-
perity that promises to be with us for the next two years at least,
depends altogether upon how the people pf this country take care
of their money and their earnings today and during the next two
years. Those who conserve their resources, save their money and
spend as little as possible during the period of scarcity are going
to go into the depression or the recession, whatever it may be call-
ed, with a financial back-log of savings to tide them over. Those
who go into that period wiikcut such a backlog or savings are go-
ing to find the going pretty tough. We are not trying to tell any
one what to do. We are past the age when we offer advice to oth-
ers. We are merely recounting what happened in the 1920’s and
the 1930’s.
STRONG NAVY AND AIR FORCE SHOULD BE MAINTAINED
m
m
We do not believe that post war demobilization should include
reduction in the Navy and Air Force to the point that we are no
longer the most powerful nation in the world from the standpoint
of being well prepared. The next ten years are going ot be critical
years as far as setting up the United Nations Organization goes
and a voice with real authority back of it is going to be needed to
keep wavering nations in line. There is no doubt but that we of
this country are going to have to be that voice. This being the
ease, nothing should be omitted that will cause our voice to lack
the ring of authority and power. In our opinion this country is
the logical country to direct deliberations and the plans for the
new order of the world. Our work will be easier if it is backed
with a good sound backlog of silent waiting power. The right
kind of treatment and the right kind of pay will provide sufficient
manpower without the draft.
H 0
The boys of America responded to
the call of their government, left their
homes, and friends, and families, to
fight for the nation in the filth and
disease of foreign battlefields. Their
service involved not only the leaving
of family and friends and familiar
scenes, but in many cases interrupted
forever their life plans. They, at
least those of them who survived,
came back to familiar scenes unable
to drop into the old groove again and
take up things where they left them
off. A change has come. The change
is not in the home scenes but in the
attitude of the returned veteran.
Somehow he can’t drop into the old
groove. It seems like something of
the long, long ago, a dream that he
has left behind.
After the battle was over and the
men came home, still flushed with
the thrill of selfless personal sacri-
fice, what do they find here at home f
A scene of peace, a feeling of cooper-
ation and gratitude, a oneness of
spirit to gather together the frag-
ments and build a new society? Far
from it They find a nation of peo-
ple dedicated to individual selfish in-
terests. No where is the welfare of]
the whole people given a thought The
THE OLD BLACKSMITH’S
GRINDING WHEEL: In the town
in which I grew up there was a black-
smith shop with a hand operated
forge, and anvil, and a grihding
wheel. The floor was profusely lit-
tered with bits of iron and the walls
and rafters were black from the
smoke of the forge. The blacksmith
with his small black cap and leather
apron seemed to fit perfectly into the
picture. He was a part of it. There
was complete harmony between his
appearance and the littered floor, and
the smoke stained rafters of his shop.
As a small boy I used to like to visit
the shop. I was interested in the
glowing forge and the sparks that
flew in all directions when the smith
brought a piece of iron glowing from
the forge jmd shaped it upon the
ringing anvfl. Especially did I en-
joy seeing him grind and polish plows
on the swiftly revolving wheel. A
shower of sparks would fly from the
wheel as the tools were pressed
against it. No matter how rusted
and discolored or rough they were
the wheel left them bright and shiny
and smooth and ready for service.
I’ve thought since as I have passed
the blacksmith shop how like the ex-
periences and the trials of life is the
grueling, grinding power of the
smith’s polishing wheel. Like the
plowshare we are shaped and polish-
ed by trials and adversities and bet-
ter fitted far the job that is ours in
life, rough and hard though the shap-
ing process may seem at the time.
"I Own
/ **
My Own
Home"
...BUT DO YOU REALLY?
whole interest, the whole aim, the Safety Slogans
whole desire seems to be not what
can do for the United States or the
world, but what can I get for myself.
There are many offenders. There
are many who seem to have forgot-
ten the high flown idealism that
spurred the great sacrifice and have
yielded to the common impulse to
grab for themselves regardless of all
else wherever there remains a thing
be grabbed.
Many accidents are caused because
drivers dose at the wheel. It is just
as dangerous to drive while drowsy
as it is to drive while one is drunk,
and just as inexcusable. .
You don’t own it completely until it’s paid
for. We’ll be glad to arrange a mortgage plan
for you that will make the home all yours
some day. Rates are reasonable; length of
loan and amount of the payments are fitted to
your individual situation. Won’t you discuss
this with us? No obligation on your part.
Fairfield State Bank
The great increase in the power of labor unions was made pos-
sible by the Roosevelt administration when it required a badge of
union membership as a prerequisite to employment in war plants.
As a result a new, era has come in American life. Organized labor
• is definitely in the saddle and will be for some time to come.
Whether the new order will bring about a better and a more pro-
gressive nation, a more prosperous industrial condition and a bet-
ter life for the individual is now definitely in the hands of organ-
ized labor. It will be interesting to see whether organized labor
will be able to do a better job for all than American industrial
management was able to do.
The women of the European countries are to be permitted to
vote under the new plan. The women have as much right to vote
as the men but the theory that once prevailed that the women’s
vote would clean up politics has been exploded. Its only result has
been that it makes more votes to count.
An exchange reports that a recent survey shows that 52 per
cent of the people belong to some church, as against 22 per cent in
1890. This can’t have any connection with the fact that they are
usually referred to as the “Gay Nineties.”
The war time scarcities of items of common use seven months
after the end of the war is a condition difficult to understand in
the country of such great resources.
Most of those who preach on the virtue of poverty have work-
ed out a plan whereby their future is secure.
He hath shewed thee, O man, what is good: and
what doth the Lord require of thee, but to do justly, and
to love mercy, and to walk humbly with thy God.—
Micah 6:8.
The Fairfield Recorder
THE COUNTY PAPER
Published Each Thursday at Fairfield, Texas, Freestone County
“Where the Great Highways of Texas Cross”
Chief among the offenders 'and'
chief among those who reveal a com-
plete lack of patriotism, in my opin-1
ion, are the black market operators.!
Their conduct is the least defensible
the most reprehensible of all.
When driving keep your eyes on
the road, your hands on the steering
wheel, and your mind on your driving.
If you attempt to rescue a drown-
ing person approach them from be-
hind. Do not permit them to clutch
you. You may both drown.
OFFICERS
W. A. Parker, President
W. R. Boyd, Jr., Vice-Pres.
C. E. Childs, Act Vice-Pres.
John L. Bonner, Cashier
Jack Crawford, Assist. Cashier
DIRECTORS
W. A. Parker
Jno. D. Burleson
H. B. Steward
C. E. Childs
P. B. Peyton
Just now there is being waged a
battle against inflation. This bdktle|
is as real as any fought on the Euro-1
pean continent or in the islands of the
Pacific. It is being fought to pre-
serve for those who remain the fruits
of a costly victory. Unfortunately the
efforts of those in command are being
sabotaged by a minority of greedy,
ruthless, and lawless black market-
eer*—the racketeers of reconversion,
the saboteurs of peace.
In addition to regular pay, extra
allowances are given to men of the
U. S. Regular Army, including 20
per cent for overseas service, 50 per
cent for regular flying duty and five
per cent fo each three years of ser-
vice.
0
DEPOSITS INSURED
The Federal Deposit Insurance Corporation
• WASHINGTON, O. C.
$5000 m&zsssss $5000
Back the County Coop Hospital
There is no defense that can be of-
fered for the black market. It is dis-
honest in its every aspect. It is
slowly undermining the effort to pre-
vent inflation and is making the
program of inflation control increas-
ingly difficult, if not impossible. It
is the blow below the belt—the knife
in the back.
Vi hat is your GUESS
on our profits...
I consider the matter of price con-
trol and the prevention of inflation so
vital that I feel no patriotic person
will buy a single thing knowingly
from a black market operator. I be-
lieve we have a responsibility to hold
the line and to serve our country the
same as the boys did at rocky
Okinawa, the sandy beaches of Sicily
and the perilous mountain passes of
Italy. 1 *
SoicxTnras, although an idea is wrong, it doee no harm. Like the
idea that a square jaw is the sign of will power. That winters
aren’t as severe as they used to be, or that red hair denotes quick
temper. ,
But there are other wrong ideas, which are definitely harmful to
public confidence in and understanding of industry. One such
idea is the current "guessing” about profits made by large busi-
ness organizations.
Many people are apt to grossly exaggerate the money by
business. So Opinion Research Corporation (an independent
organization) made a survey to learn just what the public thinks
about profits. Compare these guesses and yours with the Inter-
national Harvester profit fi-ruree given below.
Wage* and materials consume
nearly all of every dollar Har-
vester takas in from sales. A Gov-
ernment board has recommended
and the Company has agreed to
pay a general wage increase of 18
cents par hour for Harvester fac-
tory employees. The Government
has also allowed price increaam
on raw materials which we pur-
chase in large quantities. Steal
has had an average increase ef
82%. , ;
The fight may not be so dramatic,
but it is every bit as real and every
bit as patriotic and self-sacrificing.
®©©©©(D
PaMk geest as war profits .. 30.04
I • faw esr year
average profit . . . 4.94
Great Minds
There is no fit search after truth
which does not, first of all, begin to
live the truth which it knows.—Hor-
ace Bushneli.
A lighthouse sounds no drum, it
beats no gong; yet far over the
waters, its friendly light is seen by
the mariner.—T. L. Cuyler.
■ o---
In Shis survey, the average of the
gueeses hy the public of the war-
time profits made by industry was
. . . thirty per cent (30%).
But in the four war years of
1942, 1943, 1944, and 1945, the
profits of International Harvester
Company averaged only ... 4.9%
on sales. Less than one sixth of
what the general public "guessed”
for alt industry.
For this period, the year by
year per cent of profits on sales
was: 1942-7.34. 1943-5.69,
1844 —3.96. 1946—3.93.
rate of profit in normal times.
Many large businesses, including
ourselves, would consider it a
banner year if we could reach
this figure. Our average profit for
the last ten years—four war and
six peace—was 6.43%—more than
a third less than what the public
considers fair.
All these figures show that our
profit* are not high. As * matter
or fact, the entire farm machinery
industry is a low profit industry.
In 1944, the Federal Trade Com-
mission published a list of 76 in-
dustries ranked in order of their
ratio of profits to sales. The farm
machinery industry was 67th on
the list.
There has been no general in-
crease in our prices since they wen
frosen by the Government early in
1942. %
So our situation today is that
what we BUY costs us 1946 prices.
We will be paying average hoiirly
156% above 1941. For what
wages 56% above 1941. for wnai
we SELL we get only 1942 price*.
Thia condition cannot long be
This condition cannot long
met out of our present low rats
of profit.
Fetors Prieee sa IN Prsdects
h:
Household Hints
Whet Meet Cerrent I H Prices 7
When the
as second
cl*as mall matter at the Postofflce
Under Act of March 6, 1876
at Fairfield, Texas
L. C. KIRiiAN
-Edito
I
SUBSCRIPTION RATES
One Year, Freestone and joint
Six Months, Freestone and joi
One Year, outaide Freestone and joining Counties _
Six Months, outside Freestone and joining Counties
>ining Counties __
joining Counties
« and joining Cou
$2.0
Jl.fi
One Year to Service Men end Women, anywhere
of Respect, Obituaries and Cards of Thanks 1
of omitting all poetry reserved by this paper.
at a word
Smoothing Brown Sugar—Brown
sugar that is lumpy may be made
smooth by allowing sugar to steam
in double boiler until smooth.
Choice Grapefruit—Grapefruit uni-
form in sise, with smooth thin skins
end small \pores, are the choice ones.
Cleaning Suede—To clean s suede
jacket, go over the entire surface
with s piece of very fine sandpaper.
Use the same kind of sandpaper for
cleaning suede ahoes.
©©©€>
P"Wk *«• « ms** pr*«s 18.04
©€)
* pr*m. .7.174
War ended and wo
planned our peace-time produc-
tion, we had hoped to be able to
■srve our farmer customers at the
" level which has held since
IH4Z, regardless of war-time in-
errs see in costs of wages and ma-
***** 1838.
»3», 194°, and 1941, the profits
of International Harvester Com.
imny averaged ... 7.17%. This is
«»« under half of what the public
for all industry.
■ Benjhmin Franklin worked diligent-
ly on a perennial best-seller, hi* auto-
biography, when he was eighty—af-
ar having done a hang-up job as am-
basador to France when he
ren and older.
©""© ©’"©
■■Mly MM Mr pram
teas** thee. *.....104
11 **H*» —rs— fc less Mm 74
change in our plana.
It is plain that price relief will be
needed to meet the increased
wage and material costs which
we must carry.
W* regret this necessity. We
prefer to lower prices, when pos-
sible, rather than raise them and
we know our customers prefer to
have us do that. We had hoped to
be able to "hold the line,” at least.
But we do not see how we can
avoid operating at a loss if our
price* continue to remain at their
present frosen levels. We will
NOT "cut corners’’ on any of our
products, because QUALITY B
THE FOUNDATION OF OUR
BUSINESS.
Our customers can be certain
that we will seek no more then *
•derate profit, both because <*
t ix policies and because we have
approximately 300 compstit<*
fighting us vigorously for you*
business. Our request for P™*
relief will be no more than is
•tsaary to insure continued aervto*
to our customers, continued wsrk
for our employees, and a reason-
able return for our Stockholm**
indicates the public
INTERNATIONA!
s harvester
1861
our
rfnd sp
is not a mor
fnl spot on the
Earth tha
the ent
of this
erect this
Its length
ht I do not
•—suffice
one of the fin
and time. De
built by buili
be, and the
onument to thei:
silent grandeur
for many, ms
IE OLD COLLI
There is today,
sway,
An old college be
How many s dole
Of other dsys, of
Of life’s tragediei
tears.
Ring out, old bell!
To this generstioi
Tell the things of
Wist now He, like
Buried in Time’s
Rusty with age.
Thy voices we lov
A place is vacant
That never, no ne
Ring out, old bell
Once more upon
Thst all may hea
Ring out your de
Thst all may kno’
years,
Though bitter tea
And now, as of o
The moments con
Ring out in claric
Ring out the old,
Ai only you can
Ne other bell can
In spirit, tone,
No other can awa
Thst have beeng
In itory nor in s
Speak out in accj
Tee, make the v
Your voice so lor
Awske, arise, am
Sing once more tl
In days of yore.
Ut them nut sic.
All these long
,* memories
Have lain asleep.
It is not well!
' Ring cut, old bel
The thing no hun
Tell of the days
In all thine old
The days of gold
When in the earl
You called the
to school,
When the dews o
bus
YOU!
WILL
NUW
’HOWt”!
Fariiield
m
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Kirgan, Lee. The Fairfield Recorder (Fairfield, Tex.), Vol. 70, No. 31, Ed. 1 Thursday, April 25, 1946, newspaper, April 25, 1946; Fairfield, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1109880/m1/2/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Fairfield Library.