The Seminole Sentinel (Seminole, Tex.), Vol. 49, No. 35, Ed. 1 Thursday, July 26, 1956 Page: 2 of 20
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THE SEMINOLE SENTINEL
THURSDAY, JULY 26, 1056
EDITORIAL COMMENT
Probing
"In vast Libyan deserts, dank Colombian
jungles and barren Turkish mountains American
geophysiclsts are probing the earth's crust for
oil—huge pools of cheap crude that will be flow-
ing Into the U. S. in a half-decade or so." This
is the opening paragraph of a story by Jerry
Bishop in the Wall Street Journal.
Here is pioneering in the grand manner.
The explorers, as Mr. Bishop puts it, "must solve,
or live with, such unaccustomed difficulties as
unexplored land mines laid In World War II,
native cooks who mix tongue-burning curry
powder into chocolate cakes and raids by ma-
rauding bandits." The head of one of the geo-
physical companies involved says, "We're explor-
ing in countries we barely knew existed five
years ago."
Back of this work are a number of leasing
American oil companies. They are looking to the
long-range future. Demand for oil, both here
and in other Western nations, seems limitless.
We have vast reserves within our own borders,
and new fields of great promise have been found
in late years and are now in the process of dev-
elopment. Even so, the industry can't stand 011
its laurels and depend on known supplies. It
must also seek more oil, wherever it may be.
Exploration is an expensive process. This
year, Mr. Bishop says, the oil men expect to
spend more than $175 million on .geophysical
work outside this country. And the geo-physi-
cists don't actually find oil—their Job is simply
to locate likely areas. Thereafter, It will be up
to the drillers. In the future, as in the past,
many a well will turn out dry and worthless.
But pioneering will go right on.
Housewife Speaks
When local government goes into business,
on the usual tax-free basis, taxpaylng private
industry shies away.
This is the moral of an editorial in the Sac-
ramento, California, Union.
The Union recently discussed the area's in-
ability to attract more large industry. It then
heard from a reader, a local housewife, who gave
a compelling reason for this inability. The Un-
ion explained her views in these words: "She
points out that Sacramento owns its own water
system, and that property has been taken off
the tax rolls; that Sacramento owns its own
bus system, and that property has been taken
off the ta* rolls thifc 8acmmentQ» in the off-
street parking business, and that property has
been taken off the tax rolls; finally, the greater
metropolitan area Is in the electric energy bus-
iness . . . and that property has been taken off
the tax rolls."
You need not be an economist to figure out
that when property is taken off the tax rolls in
this fashion, the taxes on all remaining property
must be higher to offset the loss. In addition,
government business undertakings, on any level
of government, very often run at deficits—and
that further worsens the tax picture. So it's no
Wonder that industry takes a dim view of areas
and communities where government-in-buslness
is rampant, and the tax burden reflects that.
The Union observed that the situation "can
be corrected!" The implication is clear. It
can be corrected, everywhere and anywhere, by
getting government out of business—to the en-
during benefit of everyone except some bureau-
crats.
Record Speaks
Germany—a country which was ravaged by
war, suffered total defeat, and has since been
a bedeviled sector of the cold war—can teach the
United States some lessons as to the value of free
enterprise.
Germany's postwar economic recovery is al-
most universally described as miraculous. The
miracle, as William Henry Chamberlain explains
in a book review appearing in National Repub-
lic, is one of the most compelling arguments
"for the dynamic effectiveness of capitalism,
without 'buts,' 'whereases,' and 'on the other
hands'." He adds: "The man who directed eco-
nomic policy . . . believed passionately In free
enterprise, competition, free international trade
and investment.
By contrast, those European nations—In-
cluding victorious nations—which deserted these
principles in favor of some form of paternalistic
state have suffered one economic crisis after
another, coupled with all manner of political
crises.
The record speaks for itself.
Norman Thomas
Organized labor has no greater champion
than Norman Thomas, the long-time Socialist
Party leader. As he says, in a newspaper col-
umn, "In my life I have worked hard and even
suffered several arrests to assert the right of
workers to organize and to strike." But in that
column Mr. Thomas presents a warning that
every worker and every union official should
take to heart, in self-interest if for no other rea
son.
Mr. Thomas was gravely disturbed by the
jecent subway strike in New York. This was
wildcat strike, called for Jurisdictional reasons
S a small union. It literally tied up the city and
t 750,000 people stranded, in 96 degree heat.
\ Thomas writes: "I never believed that there
m an automatic identification of the good of
a particular group of workers with the good of
society .... The American community which has
suffered more than enough under the old cap-
italist farmula of 'the public be damned' cannot
permit labor unions to say it with impunity."
Long ago, the "public be damned" school of
capitalists learned of their error. Outraged
public opinion brought into being all manner of
laws and regultions asserting, in effect, that
the public welfare is superior to any other con-
sideration.
Today the unions are In positions of almost
incredible power. By shutting off vital services,
they can paralyze a great city, as happened in
New York. By shutting down production in
basic industries, they can deprive the whole na-
tion of needed goods. Unless they exercise re-
straint from within, It will be exerted from
without—Just as happened in the case of indus-
try and capital.
Medical Degree
The educational process that leads to a doc-
tor of medicine degree is a long one. The cost
of the schooling is high—a fact which may have
discouraged many young people with the ambi-
tion to study medicine but little or nothing in
•the way of financial resources.
An encouraging word, however, has come
from the president of the American Medical As-
sociation. Last year, he reports, the largest
groups of medical students—33 per cent—came
from families in which the father was a laborer
or in the lower levels of business. And only 11
per cent of all medical students could look to
their parents for their sole source of income..
Where did they get the necessary money?
Vacation earnings were one important source
- and so were the earnings of wives. The AMA's
president said that, while he did not want to en-
courage students to take on the added respon-
sibility of a family, it is a fact that 18 per cent
of the students reported that wives' earnings
averaging $2,500, accounted for the largest part
of their incomes.
Gifts and loans also enter into the income
picture. In this connection, the schools them-
selves can be a source of needed help. Of the
country's 8.1 approved medical schools, 43 offer
scholarships and 59 offer loans to freshmen.
Twenty of the schools give cash prizes, 72 offer
scholarships and 81 offer loans to upperclass-
men.
Getting that medical degree is a problem for
young people without a backlog of money. But
th^ requisite determination and ability
► tan W done. \
Hand In Hand
We are accustomed to differences, sometimes
expressed in violent and bitter ways, between
organized labor and industrial concerns.
But, on occasion, labor and capital can work
hand In hand to good ends. .
An instance of this was made public very
recently. A new firm, called the Coal Export
Corporation, has been formed. It is a $50 mil-
lion enterprise, and is owned by a number of
coal producers, by coal-carrying railroads, and
by the United Mineworkers Union.
Its purpose is to expand the export market
for American coal from 42 million tons to 100
tons. A spokesman for the concern pointed out
that there is a growing demand for coal abroad,
and this country can supply it. Significantly,
he also said, in the wordsot an AP dispatch
that "American industry wants to beat Russia
and Red China to the punch in becoming the
world's chief coal supplier."
This endeavor will be of great benefit to the
coal companies, the railroads, and the coal min-
ers. It will also be of great benefit to the fore-
ign buyers, some of whom are in dire straits
for coal. . Finally, it will work to the advantage
of the United States and everyone in it by
strengthening an industry which is vital to our
own economic health and military securtity.
Abundant Meat
We lead the world in meat production, and
by a huge margin.
Last year, the American Meat Institute re-
ports, the United States produced more meat than
the seven next largest producers combined. Our
output was a staggering 27 billion pounds—
seven per cent more than in 1954 and 21 per cent
above the 1946-50 average. By contrast, the sec
ond-ranklng producer, France, accounted for
5.4 billion pounds—only a fifth as much.
Consumers found this all to the good—we are
a nation of meat-eaters. It was also highly bene-
ficial from the standpoint of the national health
Science has proven that the great majority of
the people of all ages require diets rich in pro-
tein to maintain a high level of physical and
mental strength, and meat provides protein In
one of its most easily assimilated and appetizing
forms.
From the standpoint of producers, as we all
know, the situation is different. Livestock
prices — as is inevitable in a free, supply and de-
mand economy when producton reaches flood
like proportions were substantially under form
er levels. Last December, for Instance, hogs in
the Chicago market touched a 14-year low of
$11.75 per hundred pounds. But more recently
the situation has brightened—in mid-June, hogs
were bringing about $18. Livestock people, like
the rest of us, have problems. But the major
farm depression that political prophets of doom
were forecasting has not come about.
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Two-Headed Freak
The American Way
By DR. ALFRED P. HAAKE
(Editor's Note: Alfred P. Haake,
Ph. D., Is a noted economist, pub-
lic relations consultant, author
and lecturer.)
One wonders when we open-
faced, fiery-loving Americans
with our penchant for casting
loaves of bread on the waters for
later crumby returns, will ever
realize the difference between
being charitable or cooperative
and being Just a plain silly fool.
U n cle Sam,
with his long
whiskers, r eal-
ly a pretty fine
o 1 d gentleman,
and a credit to
his bringing up,
h as been cari-
Alfred P. Hukt catured in many
ways, but it remained for Mar-
shal Tito of Yugoslavia really to
show up Uncle Sam in the juve-
nile and uncomfortable role of
"Uncle Sap.'" And the Devil
laughed.
There was a time when it was
undoubtedly wise for the United
States to come to the aid of Tito.
When the recently debunked and
excoriated Stalin expelled Tito
from the "Communist family" -Tn
1948, there was danger of invas-
ion of Yugoslavia by its Com-
munist - controlled neighbors —
Roumania, Bulgaria and Hun-
gary. Such an invasion was
highly distasteful in prospect to
all of us and coulld have touched
off another world war.
No Promises
The help we then gave Tito,
and of which he was in such des-
perate need, was given without
condition or consideration. That
was the error. We asked no
promises and laid down no con-
ditions or terms, but just opened
our hearts and pocket-books to
the callous dictator of Yugoslav-
ia, despite the wanton murder
of five young American airmen
who lost their bearings because
of weather and flew over Yugo-
slavia. We accorded to the sen-
sibilities of American mothers
the same synical lack of moral
consideration which we showed
for China when that country was
sold down the river at Yalta.
So we built up Tito as a hop-
ed-for bulwark against commun-
ist aggression, a useful future
ally against a stab in the back
through Yugoslavia. Well over a
billion dollars have been sucked
from the pockets of American
taxpayers, as a gift to staunch
old Tito!
Reward
And now we have our reward.
Bulgy Nikita Khrushchev has
torn to shreds his former boss
and partner, Josef Stalin, and de
clares that Tito was right when
he insisted that Yugoslavia (that
is, Tito) must be free to rule in-
self instead of being a Stalin sat-
elite. Tito accepts confirmation
of his now-recognized high place
in the Communist hierarchy, and
openly announced that Yugoslav
ia will never again be split from
the Soviet Union by misunder
standings.
You see, Tito already has his
billion and a quarter gift from
us, has built up his shaky inter
nal dictatorship and empire, is
ready now to take leadership ih
Europe. Russia has succeeded
in clouding the eyes of the world
with her dust of sympathy for
the "down-trodden" colonial na
tions, her specious overtures for
peace and our accommodating
naivete.
So Tito approves the several
Soviet policies as a substantial
contribution to peace, while do
ing exactly nothing to free his
own people from the degrading
tyranny which we helped him
fasten on them.
He lauds Soviet efforts to help
the underdeveloped nations,
which are being prejudiced
agains tthe United States, and
thinks those efforts should go|
NO COMMENT
on. And then, perhaps bethink
ing himself of the additional
gravy he might lap us from the
United States to sweeten the
heavy toll he has already taken
—he admits that economic aid
for OTHER lands (such as Yugo
slavia) might well be channeled
through the United States.
Irony
Tito is now a full-fledged and
voluntary committed member of
the communist gang, and has lost
none of his arrogance. That ar-
rogance has paid off, and we
hold an empty bag.
The picture might have been
very different now had we been
less naive then. The irony of
our situation is that we still have
among us those who sniff the air
for possible Yugoslavic coopera-
tion and want to fish for it with
more millions of our taxpayers'
money. They are willing to build
up further the already-extended
soviet axis destined to turn
against us and perhaps destroy
us when we have gone complete-
ly soft.
Poor old Uncle Sap. But the
Devil does get a laugh out of it.
By JAMES DOUTHAT
Washington.—A leading advo-
cate of sound government fiscal
policy—Senator Harry F. Byrd
(D-Va.) says the nation may slip
back into deficit financing, after
a one-year surplus, in the new
fiscal year.
This is true, lie says, because
of a "spending spree" by the
present Congress. A joint White
House-Congress economy move-
ment, he says, is a vital neces-
sity.
The forecast of a possible de-
ficit in the fiscal year ending
June 30, 1957, came after Sena-
tor Byrd had led a successful ef-
fort to have Congress cut the
existing debt limit authority by
$3 billion. He is hopeful that
this action by Congress may
make for econamy, in that a
"spending spree" next winter
would necessitate a raise in the
limit.
Danger signals in the present
fiscal situation, as seen by Sen-
ator Byrd, include:
Federal expenditures have ris-
en too rapidly. The Eisenhow-
er budget submitted a year ago
last January called for expendi-
tures of $62.4 billion in the fiscal
year just ended on June 30. Fin-
al accounting will show actual
expenditures around $66 billion.
Congress has just voted money
for the military, which the ad-
ministration—headed by one of
the world's most experienced
soldiers-——said it did not need.
Funds are being increased for
many domestic programs, includ-
ing grants to states. For exam-
ple, new public works projects
voted this year will eventually
cost taxpayers $1.5 billion. It is
difficult to obtain economy so
long as Congress allows the ex-
ecutive agencies to have $140
billion in unexpended balances.
As Congress neared adjourn
ment, it was likely that nearly $2
billion of appropriations would
be voted despite lack of budget
requests.
The Virginia Senator thinks
legislative action could make for
economy. He favors a single ap-
propriation bill—instead of a doz-
en as at present — to keep the
fiscal picture squarely before
Congress and the public. He—
with others — also wants a Con-
stitutional amendment prohibit
ing deficit financing in
mal, peace-time economy.
And—most important of all-
spending and demand tax reduc-
tion.
POLITICAL EXPENDITURES
Voters in Minneapolis oppose
the demand of union labor boss-
es for freewheeling authority
to spend money in political cam-
paigns. This is shown by a sur-
vey condcuted by Representative
Walter Judd (R-Minn.) in his
Minneapolis district.
He asked his constituents whet-
her they favored legislation im-
posing the same restrictions on
union political contributions that
now apply to corporations.
The total replies were: "yes,"
79 percent; "No," 8 per cent; no
opinion, 13 percent.
A breakdown showed that 53
per cent of the Democrat-Farmer
Labor Party adherents favored
restrictions on unions, while 32
per cent opposed. Republicans
were 86 per cent for restrictions,
and independents 76 per cent.
There now is pending in Con-
gress legislation by Senators
Curtis (R-Neb.) and Goldwater
(R-Ariz.) which would prohibit
union bosses collecting and
spending union funds for politi-
cal purposes.
(KtL NEW—ACTION
PACKED
3
"Our new car is designed especially for shiftiest
people."
THE SEMINOLE SENTINEL
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Published every Thursday at The Sentinel Building, 100 South Main,
under the Act of March 3, 1879.
Entered as Second Class Matter at the Seminole, Texas, Post Office
Seminole, Texas.
LEWIS A. REDDELL PUBLISHER
BARNEY THOMPSON EDITOR
MISS GLENNA MAYFIELD SOCIETY EDITOR
nor : BIIX SANDEL GENERAL MANAGER
Any erroneous reflection upon the character of any person or
Senator Byrd and other congres-! firm appearing in these columns will be gladly and promptly cor*
sional economy advocates hope) rected upon being brought to the attention of the management,
the public will protest excessive
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Thompson, Barney. The Seminole Sentinel (Seminole, Tex.), Vol. 49, No. 35, Ed. 1 Thursday, July 26, 1956, newspaper, July 26, 1956; Seminole, Texas. (https://texashistory.unt.edu/ark:/67531/metapth416241/m1/2/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Gaines County Library.