Baytown Briefs (Baytown, Tex.), Vol. 10, No. 13, Ed. 1 Friday, March 30, 1962 Page: 4 of 4
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Page 4
Baytown Briefs • March 30, 1962
Profit System Is Vital To Our Nation's Progress
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Vive Le Volleyball Season
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Corporate Stock Ownership In Lower,
Medium-Income Brackets Increasing
L H. Oliver Assigned
Effective April 1, 1962, E. H.
Oliver, who has been serving
as acting Process Superintendent
(Distillation and Finishing),
will be regularly assigned to that
position.
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One of the most mistaken
ideas being peddled in the United
States today is that if you be-
lieve in the profit system you arc
not a humanitarian. Humanitar-
ianism is being defined as op-
posed to the profit system which
is pictured as greedy, selfish and
evil. Every practical humanitar-
ian project in the United States
exists and thrives solely because
Along with the blooming of flowers and other dis-
plays of beauty that are ushered in by the advent of
Spring, there comes a counterpart in the world of
sports about this time each year. It’s the start of the
season for the women’s volleyball league. So, welcome
Spring—and vive le volleyball season! The league is
made up of four teams this year, with each team
playing three games every Tuesday night in the boys’
gym at Horace Mann junior high school. The glamour
games start at 6:30 p.m. and admission is free. The
four teams, from bottom to top, are as follows:
Top Cats: Marie Blanscett (captain), Marilea Fer-
guson, Betty Thornton, Shirley Roach, Barbara Silber-
nagel, Carolyn Bolmanski, Billie Kay Robertson, and
Margie Gerlich.
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It's Time To Sign Up
For Teenage Baseball
Next Sunday, April 1, and the
following one on April 8, are the
last dates for boys to sign up for
the Teenage baseball program
sponsored by the Baytown Opti-
mist club. Prospective players
must appear in person at the
Junior Optimist building on
either of the above dates, be-
tween the hours of 1 and 4 p.m.,
and must be accompanied by a
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parent or guardian when they
sign up. Otherwise, they will not
be eligible to participate in the
program this year. Remember, 4
p.m. on April 8 is the absolute
deadline for signing up.
As in the past, the Teenage
league will be made up of a
junior and senior division again
this season. R. C. (Dick) Wil-
son, Humble Pipe Line, is presi-
dent of the league, and B. J.
Friedrich, Docks, and Bert All-
man, Operations General, are
vice presidents.
Perhaps one of the most sig-
nificant developments in the fi-
nancial world during recent
years has been the tremendous
growth in corporate stock own-
ership by people in the medium
and lower-income brackets. The
latest report of the New York
Stock Exchange referred to this
growth in stock ownership among
the different income segments of
the American public as a “quiet
economic revolution which is re-
shaping America ... it justifies
the confidence of those who be-
lieve that America can be a so-
ciety composed of millions of
private capitalists.”
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Unsung Heroes
In spite of the fact that they “tooted their own horns” at the annual
Lee Relays last Saturday night, and had a part in every award-winning
event, the trio above were unsung heroes of the big sports spectacular.
While their Gander schoolmates were putting forth the speed and power
that carried them to a second place in the meet, these three were furnish-
ing the fanfare for the award presentations to the winners of each event.
From left, they are Wayne McCleskey, Jimmy Emanuel, and Lin New.
Jimmy is the son of W. L. Emanuel, R & D, and Lin is the son of B. C.
New, Pipe. All three of the boys are seniors, and arc members of Director
Charles Forque’s award-winning Lee high school band.
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But where would the body
be without bread? And where
would the economic life of the
nation be without profit? Where
would freedom be? If freedom
is to be saved in America, it will
have to be saved by the profit
system.
The profit system is the only
system compatible with our polit-
ical, moral, religious and eco-
nomic traditions. Only under the
profit system has man attained
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The figures on stock owner-
ship are revealing:
• 12,490,000 Americans own
shares in corporations.
• Almost half of the share-
owners are in the $5,000
to $10,000 income range.
• One in eight adults owns
stock, and the average age
of the new investor is 35.
The economic health and
growth of American business is
no longer simply of interest and
concern to the milions who are
employed in various capacities
by industrial corporations. It is
of importance as well to millions
of shareholders. This “quiet eco-
nomic revolution” may bring
about a broader public under-
standing of the role of the cor-
poration in our society and of
the fact that a basic requirement
for sound economic growth is a
climate which allows a corpora-
tion opportunity to earn a rea-
sonable and adequate profit.
Help Stop .-62,2.
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Singing Convention At
Roseland This Weekend
Want to hear some good sing-
ing?
You are invited to attend the
Quarterly Singing Convention at
Roseland Park on March 31 and
April 1. Singing on Saturday
night is from 7:30 to 10, and on
Sunday from 10 a.m. to 4 p.m.
J. D. Reavis, Distillation, is
president of the Quarterly Sing-
ing Convention, and Happy
Walker, Lube Extraction, is
secretary-treasurer.
of the profit system. Every so-
called non-profit enterprise in the
United States operates on gifts
and funds supplied by those who
do make profits. Humanitarian
enterprises, as we know them,
exist only in a free economy.
They do not exist in an enslaved
economy because in such econo-
mics the state itself pretends to
be a humanitarian enterprise and
therefore discourages and ex-
cludes competition with itself.
The highly-respected econo-
mist, Wilhelm Ropke, once said:
“People may be led by Christian
and human convictions to declare
themselves in sympathy with so-
cialism and may actually believe
that this is the best safeguard of
man’s spiritual personality
against encroachment of power.
But they fail to see that this
means favoring a social and eco-
nomic order which threatens to
destroy their ideal of man and
human freedom.”
Just because a man respects
and advocates profits does not
mean that he is profit-mad. It
does not mean that he believes
nothing exists in this world but
profit. Just as the body and spirit
cannot live by bread alone, so
our United States of America
cannot live by profit alone.
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Slick Chicks: Loretta Murray (captain), Pat Aylor,
Mary Jane Nabours, Ann Murray, Dolores Parrish,
Betty Ann Miller, and Betty Sue Williams.
Little Bits: Jackie Hooper (captain), Stephine
Bernshausen, Helen Hooker, Dorothy Crockett, Suz-
anne LeBlanc, and Martha Potter.
Highballers: Sue Tiller (captain), Jean Ann Wil-
liams, Charlean Drab, Sherry Grubb, Gay Lyn Bol-
manski, and Margaret Burianck. Geri Benton, the last
player in this row, is a member of the Little Bit team.
Players not present for the picture were Donya
Fulcher of the Top Cats; Wanda Albright and Mar-
garet Cox of the Slick Chicks; Glenda Helm and
Mary Simpson of the Little Bits; and Lanelle Lostak,
Betty Clark, and Sharon Hooker of the Highballers.
those ends by which we set such
great store: independence, own-
ership of property, savings, a
sense of responsibility, a rational
planning of one’s own life and
the freedom of choice and the
courage to make whatever choice ,
we desire.
Man’s progress in less than
300 years of freedom in the
U.S. is truly spectacular when
compared with the backdrop of
4,000 years of recorded history.
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Baytown Briefs (Baytown, Tex.), Vol. 10, No. 13, Ed. 1 Friday, March 30, 1962, newspaper, March 30, 1962; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1417856/m1/4/?q=music: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Sterling Municipal Library.