The Courier News from Blytheville, Arkansas on October 3, 1949 · Page 29
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The Courier News from Blytheville, Arkansas · Page 29

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Blytheville, Arkansas
Issue Date:
Monday, October 3, 1949
Page:
Page 29
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MONDAY, OCTOBER 8, 1949 Farmers Keeping Financial Affairs In Excellent Shape In sharp contrast to the conditions which fathered the depression following .World War I, farmers in Mississippi County and in otlier agricultural areas appear to be in an excellent position in the years following World War II. The end of \Vorld War I found*many farmers burdened wltli debts at a time when the high prices for est payments and principal due on their war-lime expansion of oper ations. Today most tarmers have llielr dehts at a low figure and many farms are debt-free as a safeguard SSHlnst any'repetition of conditions which followed World War'I and led to the economic crisis of the decade prior to the launching of'World War n. . . . : Out the public debt is in sharp contrast, and in reverse form lo ; .thc government debt situation of three decades ago. Tlie public rioht, following the depression pump-priming efforts and during the fcecpnd world war, climbed tfl an all-dime high. * '••• .-; -,-• -••;•;: Tlie government whittled the debt (town a bit during: the first two years following the end of : World War II but last year ended the fiscal year in the r«ri and so far lliis year has been spending more than Is collected in the vvav of taxes. Fanners May Hold Key Just what the effect "of.'the governmental policies will have on tile future remains to be seen..but in so-iar as the individual Cairnei and most business concerns ar? cqn cerned, they aie In fair!) good po, sltions to Ke-itnei a business drcllne A financially stiong agilcultine Is of the utmost signiflcarire to the Nations econom> fmce^aj,;! cultural disticss has plu>ed\ major role in past depiesslons, Figures compiled bv the' Unljed Slates Depaitment of Agilcultuie show that faitn moitgage debt went down consistently during the entire period of the past %ar dropping from 86,586,000,000 at the end of 1939 to 84,682,000,000 at the end of 1945, a decline of 2D per cent-. Tlie 1945 farm mortgage debt figure was the lowest in 33 years. During She past three years the trend has been upward, but the gain for this period has been only $426,000.000, or 9.1 per cent. Thus Jn tlie last war and postwar period from 1910 through 1948, farm mortgage debt showed a net reduction of $1,478,000.000, or 22 per ceiit. The corresponding period • in World War I, covering the war itself and the three postwar years runs from 1915 t o 1921, inclusive Farm mortgage debt rose sharply throughout that period. The ag-re- sale debt was $4,091,000,000 at the end of 1914, By the end of 1918 the total was up to $7,137,000,000, a /gain of 52,146,000,000, or 43 per cent Many Have Cash Reserves In the following three years the total farm rnortageg debt iunnied to $10,702,000,000, a gain of $3565° 000,000, or 50 per cent. Thus durinz World War I and the three postwar years, total farm mortgage debt rose S5,711,000,000, or 114 per cent. i Ncn real estate debt rose sub- ?tantially in both war snd postwar permris but the gain this time'has not been as rapid nor as Iai . g( . matter of as during I91S-21. As fact, about one-sixth of the an- liroxlmatcly $6,000.000.000 or ag°r e riHu 'l^v, "u' eslilt * a S!'' c "tlural flebt. at the beginning of this year represented crop loans under price support legislation. Furthermore, the overall finan- na .liquidity of fanners os a whole >s high. According to preliminary E .irtment of Agrlcnlture figures s""in e 'rV£ theaSBr<?gatehadabo ''t $•! n cash or its equivalent at tho beginning of this year for every dollar they owed. At the end of 1839, they had only 50 cents In cash or us equivalent for every dollar Garden Clubs ForMenHold Wide Interest Advocating more "pants in the garden", the Memphis Men's Garden Club through Itfl president Will H. Turner has offered the assistance of members of the Memphis club In setting up organizations in other cities nearby In Arkansas Tennessee arid Mississippi. . . : In'a loiter to Blytheville gardeners, he recently suggested that gardening has an important role In the community life of any city. The Memphis club, he said, is' interested in working with other clubs in the area with the idea of developing a joint program .for beau'tificatioh o( highways, railroad i-ighls-of-way •and the industrial and back yjrd areas'.to make the section moie'at- tractive to visitors. ,-* * lhe Memphis club js affiliated w(th .the Men's. p :Garden Clubs of America.. Inc., which'is headed by Joe M. Johnson^ of Portland. Ore. Mr. Turner's home address U Rali, Tciin. Ifci-ijiBTiuLB (AKK.) COUBimH NEWf CAMPUS COTTON—A jaunty hat and coat In cotton gabardine that's made [or shedding showers. The coat, trimmed with a relvelcen collar, can bo worn as shown or belled all the way around. Treated with a Zclan finish. By Deuutogs. Inc. Although ifhulc oil canrlfes went out of fashion 100 years ago, skilled American glassworkers are today making glass camileholders by hand by virtually the same methods they -used a century ago. called "blow-luuds because it Industrial Engineer, Ex-Violinist, Tackles Job Of Cutting 1.5 Billion from National Defense Bv EI)W4vn nik'i-HAu ^ * EDW1BD UNCBAN n'EA BUM C«rm»w«Ml CUJVELAND -(NBA)- "Optra- "on Red TlW-tht Job of chSS- l>i»* upw.rcU .of |I.MM,ooo.ooo. >eir from th« coat or tutionil dt" fence-hai UJltn to * mVn who SJS up ] ht vlolln ' weiu * *•£ la a, .nd mad* bl» tint million Before he wu JO. Rolwrt Heller pioneered In <ht field of Industrial tnglnwrtij, ' client" °i f 'ft mMt <"" ln «'l ciienietes In the country even oe- 01 e the Department of Deieiise "wcame « customer. His m m hH a waiting n»t piled up.,",?'.," yoai .ID advance, . H«||ej- one. »ej-|ousJy coniWered H f, lc ,i M a c " w ' ttudyl "« »* Cln- cinnatl con«rv«tory. But a Har^aid profesjior named niplty vinced him that there was '" « n«w kind oj e«rw-« aid",. 0 ' »"« ln r r "W' "cco »' (I /Inanre, and mar'-etlng, I • t»rn»tormtd through HKIXElti "P«rh«p« I had mort eour»i« (han bralni." twenties," Heller recalls, "A »<xxi of my history was pens* of my cllenli, Ptrhap* t lucl more coura»« than bralru » His first big break occurred when a coal otxralor, itruck with a huge stockpile o! poor-trade anthracite, hired him In dttpen- tlon to find »ome way to |*t rid of it. This first operation wa» "pnenomenally juccessful" twcuuse pi » perfectly-limed coal itrlkt llie operator sold out at a million(foliar profit, Heller got J100.MO and his career was launched. If a manufacturer suspects waned effort somewhere »lon» the line. Heller sends a "team" picked fiorn his 51 asiocUUs-a 11 top- Hoteliers 1 n production, account- Inj, budgeting, nuvketini and other fields—Lo puke quick uporti to company official*. Much the a»me procedure will be followed on his litest and biggest ob. A team of ihre« of ht> a.soc- lalos will iei-ve on-a management advisory group to work with a n». tionai defense management com- M"£rn h .r ed " T ° Cn ' Johe i> h T ' It U reported that the firm will !» paid a f*« o! »125,000 for the «r»t ilx monllu. it may t>ke two i. h *.^'.n u ,* "I 1 .' Clih 'nvMtnwnt . vVJ ft i fr ? ctlon of lhe blllionj • y»r It In hoped to save. Heller »«ys he himself will receive no personal fee, the contract price merely covering the fl, m ' s 0PV e r ! Heart. The Heller firm Is not expected to make , Ions study and submit a weighty report. The project »m move swiftly, with day .-day dl" coyeifes of Inefficient and wasteful opperatlons. reported Immediately lo McNarncy's committee, along with recommendations for cor- reeling the faults, Recoi.imencU- tlons are to be followed at onca unless vital military policy bars' them. The present Heller firm, organized In Boston, moved lo Cleveland In 1934 to be closer to the mid- West production centers. Beardsley numl, aiitiioi of the ww'ISil.*'' He (U l lsh « d th « ** «» 19«, uid many o! hi* r«coinSp™ j"°";L*r« lwJudld ln "" c «=- gressiorrai Reorga 1 ' 1 "-lion i B t ^ '»«• 4 .mm.!f ?*' V * d fUrlhW ' I"!* tOY* •rnm«nt Improv.m.nt by eompU. Ing the post Office section of th» Hoover commission's report on organization of the •xecutive He Is now In the midst of of the U.S. Air Force at which will be tleil In with tb* defense project. Now brisk, balding and 50, Htl. ler admits candidly that he b*. lievcs his firm best qualified fat the defense assignment. "We have * eon-plete depart, ment store O f taltnt," he ttii "We know i> much about th* workings o/ national government (and I say thU In ill humility) anyont." Olassblowers take pride In their enormous breath pressure thit shapes much of the fine handmad* erican glassware. Cheeks GET READY NOW FOR COTTON PICKING! BUSSES Inlet-national K-5 and K-7 29- and 37-i'asscnger These Busses Are Just Like New! See Them At MEMPHIS EQUIPMENT CO. Phone 5-70S2 267 East Calhoun Phone 37-327G WILSON COMPRESS & STORAGE CO. SOLICITS YOUR BUSINESS SPRINKLER SYSTEM—HIGH DENSITY COMPRfSS Phone Wilson 3231 When Shipping To Memphis, Ship Core Of MEMPHIS COMPRESS & STORAGE COMPANY Keep your eye on FOR BEHER BUILT, BETTER ENGINEERED Main Office 614 Corfon Exchange Bldg. Phone 8-5184 FARM MACHINERY An the 10th Anniversary of the National Cotlon I'ick- W mg Contest, our eyes.are on lhe production of cotton and it. allied crops. Massey-Harris has a complete line of machinery which has been designed to do your farming with new increased efficiency. Improved discs and plows for preparing lhe land, drills for planting, «nd combine* for harvesting are just <h« feature implements in this great Massey Harris line. So, when you took for » better way (o farm, keep your eye on Massfy-Harris. 61 IMPLEMENT COMPANY North Highway 61 Blytheville

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