The Cuero Record (Cuero, Tex.), Vol. 70, No. 72, Ed. 1 Thursday, May 1, 1958 Page: 5 of 8
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THE CUERO RECORD,
April 1958
Babson Discusses
Unemployment And
Big Business
By ROGER W. BABSON
BABSON PARK, Mass , May 1.
—It is dear that unemployment
results from the recession. But it
Is not sufficiently clear what is the
Muse of the recession. However,
mo one can doubt that it is due to
nm imbalance in the economy.
The reaction is from some pre-
vious action.
Remember The Seesaw—
Because certain excesses have
existed too long or been too great
—a correction must come if we
are to regain normal economic
balance. Our economy, when free,
is like the children's seesaw or
“tetter.” A fat boy pushes down
one end and raises a skinny boy at
the other end. In our economic
seesaw the excessive weight at
one end may be over-expansion
of production in relation to con-
sumer demand.
]n an ideal economy, productive
•opacity should always be geared
to consumer demand. But actu-
ally, such gearing is not auto-
matic. Either plant capacity is
expanded faster than consumer
demand; or demand drops off af-.
ter temporary excessive con- j
turner buying, as in installment
purchasing. Moreover, our eco- ■
nomy is not so free as many j
would like to believe. In the mar-
ket place, prices no longer re-
apohd quickly to conditions of i
supply and demand.
Big business has given our eco-
nomy many benefits, including
making available to the many—by
mass production and mass distri-
bution— necessities, comforts, and
luxuries. In boom times, howev-
er, big business and big organized
labor together give consumers
wage-and-price inflation, driven
upward by annual wage-and-price
increases unrelated to the annual
rise in productivity. Plant capa-
city is expanded without relation
to consumer demand.
Correcting the Unbalanced Seesaw
The government has the ability
to balance too great or too long-
continued imbalance by standing
at the center of the seesaw and in-
clining its weight either to the
right or the left. But the govern-
ment can also restore the balance
in other ways,—by assuring even
weights at both ends of the see-
saw, or by making the weightier
force (supply or demand) move
up nearer the middle.
But government should not and
must not be expected to operate
a managed economy. There still
remains enough self-reliance in
our politico-economic system to
restore the ability of private,
competitive small business to do
the balancing—if small business is
unfettered. Restoring competition
in big industry will break down
too-rigid administered prices.
These prices have been fixed too
long and too much.
Too great monopolistic power
by Big Business and/or Big'’La-
bor must be curbed by- Big Gov-
ernment. Remember that 95 per
cent of our American business
employ fewer than 30 people;
about 80 per cent of our business-
es are un-incorporated.
Seven Definite Recommendations
As a result of the two World
Wars, Big Business and Big La-
bor were granted too many arti-
ficial and powerful special privil-
eges in the name of Defense. The
time is overdue to remove these
privileges and give the 3 million
small businesses with a total of
over 8 million workers a chance
to cure the recession. Proposals
to this end have recently been
made to the Senate Committee:
1. A tax deduction for all con-
cerns which reinvest profits in
their operations. This would pro-
vide the necessary capital for
those small concerns.
2. Equalization between large
and small, companies in regula-
tions for depletion and deprecia-
tion. Used machinery and equip-
ment, which the smaller concerns
usually buy, should be given the
same rates of depletion and depre-
ciation as new.
3. Deductions, for the self-em-
ployed and other persons not
members of qualified pension
programs, for their own retire-
ment.
4. Provision for the payment of
estate taxes in installments so
that businesses need not be liqui-
dated simply to accommodate the
Federal Government.
5. Federal grants to small con-
cerns, for research and develop-
ment requiring that all patents
secured from research at tax-
payers’ expense be made avail-
able freely to all concerns.
6. More credit for small busi-
ness firms by the Small Business
Administration in order to offset
the one-sided power of large cor-
porations to extend credit to cus-
tomers by practically shipping on'
consignment.
7. Elimination of labor's exemp-
tion from the anti-trust laws.
PEANUT
BUTTER
Although peanut butter Is gen-
erally thought of as something
for a "between-meal” snack,
it s a highly versatile food lend-
ing a delightful and highly dis-
tinctive flavor to many dishes.
The first factory-made peanut
butter was produced in 1907 and
is now consufed at the rate of a-
bout two pounds for each man,
woman and child in the United
States. However even at this
rate of consumption, stocks of
peanut butter are high enough to
rate a place on the U. S. De-
partment of Agriculture’s April
plentiful foods list.
Nutritionwdse, one pound of
peanut butter contains more
calories, proteins, minerals and
vitamins than a pound of beef
•teak. It is high in vitamin B
and in niacin and because of its
high protein content may be
used as an alternate for meat,
eggs and cheese.
Imaginaitve cooks find dozens
of ways to use butter made from
the peanut, which , is really a
vegetable bean or,, pea and not
a member of the nut family.
Specials For Fri. & Sat., May 2nd & 3rd
NBC Salted
Lb. Box
CRACKERS
25?
Kraft
8-os. Jar
CHEEZ WHIZ
31?
Palmolive
2 Reg. Bars
SOAP
19?
PiUsbury
2 For
BISCUITS
23?
Comstock Pie Sliced
2 Cans
APPLES
41?
Ivory Snow & Cheer
Reg. Box
WASHING POWDER 31?
SOUTHERNS GROCERY
IU W. He»»o« M. r*t
FREE DELTVERT
We Give Cuero Savings Stamps!
• sin
Y,
A
Yj
S'
SPECIALS I OR
MAY 2 - 3
Double Cucro-S tamps
Wednesday With
Purchase $2.50
Or More.
MARYLAND CLUB
LB. CAN
COFFEE
ADMIRATION
Pkg.....79c
IMPERIAL CANE
5-LB.
HUNT’S 14-OZ.
.FOR
SNOWDRFT 75
GERBER STRAINED
BABY FOOD
FOR
c
ROBIN HOOD
25-LB. PAPER
FAB
■ HU
31c---5c off
-Large
STA-FLO LAUNDRY
STARCH
QT. ..
BORDEN’S _ _
MELLORINE
1/2*gal round
LUCKY WHIP DESSERT
TOPPING
Coupon Worth 20 Cents
In Victoria, San Antonio,
Corpus Christi & Houston
Papers.
VALUE
WITH COUPON ..
25c
COCA-COLA
12 Regular
Bottles Plus
Deposit
C D C C SAMPLES FRIDAY
r C C AND SATURDAY
CORN
2 for 33c
HUNT’S SLICED or HALVES
PEACHES
5ro, 1.00
HUNT’S TOMATO
8-OZ.
JAN HAGEL OLD DUTCH
SAUCE
6 For 51?
COOKIES ...45?
HUNT’S FRUIT NO. 300
COCKTAIL
FOR
1.00
i SUPREME
LB.
CRACKERS
25?
: Gladiola Frozen Parker House
ROLLS-24"
31?
\ LIBBY FROZEN
PEAS
19?
; lOAHO
PEPSODENT TOOTH
PASTE -Eco"
53?
Golden Brown Breaded
SHRIMP
lft-oz.
59?
Libbv Frozen Orange
JUICE 2
fi-oz.
49?
VEAL CHUCK
ROAST
LB ..
FRESH GROUND
MEAT i
13c
HORMEL
BACON snot2 ■I’ 1<
.29
IfORMEL CELLO
FRANKS i
19c
DECKER’S
OLEO - 2 lb.
19c
BORDEN S
MILK
’ j-G.\L.
CARTON
HHITK o- t KM.OH
ONIONS___________a Ib. 5c
CARROTS or
GREEN ONIONS
mvHtM.TPv nr.n i-.ki.k lot s
Bu. 5c
APPLES_________________lb. 10c
mmf*
Super - Market
I
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The Cuero Record (Cuero, Tex.), Vol. 70, No. 72, Ed. 1 Thursday, May 1, 1958, newspaper, May 1, 1958; Cuero, Texas. (https://texashistory.unt.edu/ark:/67531/metapth699003/m1/5/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Cuero Public Library.