The Daily Courier from Connellsville, Pennsylvania on March 5, 1938 · Page 5
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March 5, 1938

The Daily Courier from Connellsville, Pennsylvania · Page 5

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Connellsville, Pennsylvania
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Saturday, March 5, 1938
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SATURDAY, MARCH 5,103S. THE DAILY COURIER, CONNEI^SVILLE, PA. PAGE FIVB. *0*"+ ^X rf"*"****" ^^^-^,^^x r -J^;"- ^ PEDESTRIAN BRIDE COLLAPSED 4OO.FAMIUES EVACUATED HOMES P/l C f f/ C 'o c,e A v, s^ U.S, NAVYC ENGAGED IN RESCUE V/ORK . Slap of storm area Thl» map shelve the hardest-hit places In Southern California's worst rainstorm In 60 years. More than 26 deaths were recorded «nd large property damage was feared as rains swelled streams to flood stage and destroyed houses, bridges, rail and wire lines and roadways. The worst disaster was at Long Beach, whore a pedestrian bridge coHagseA causing »ev*ral doaibj, Witt moro than 20,000 reported homeless, trad 150 reported dead In thi floods which have ravaged lay Angeles, the city is beginning to rcpMi tho damage caused by the worst catastrophe in tho state's history. An elderly man is shown getting- first aid treatment. Belief agencies «« workine at top speed to ewe for : ~ This is a .view taken at Riverside, Cal, where 15 o'ied as flood waters reached their height. Stalled automobiles at busy lot Angeles Intersection As vUltor. to Lo, Angel., will remember, this in- t.rseetion. Sixth and Flower, usually is a busy spot. But see it here as Hood waters stalled all traffic during record-breaking flood. 1b» beach nesr the month of the Los Angeles River at Long Beach Is shown above, Uttered with tons of lumber and TM*°*^TMeTM**, * «» ^^S" STMt TM» a *»* tneir. homes piled on the beach by the flood waters.. residents are BABSON MAKES ECONOMIST'S : ANALYSIS OF MOTOR SITUATION V stabilize these industries. More Value (or Dollar Spent. 4. Price Reductions--This Is probably the most important factor in giving us motor prosperity. Automobile prices were marked downward from 1910 to 1926. While the cheaper cars have gone up in price since 1326, customers have been steadily given more automobile for their money. The shift from costly hand-tool to efficient machine-tool methods is the thumb-nail story of the industry during the past quarter- century. Today, machines operated by one man do the [work which took a hundred men to do 25 years ago. Yearly, for three decades, the amount of work turned out each hour by each man has constantly increased. Even though raw material prices moved higher, the savings on labor were enough to allow prices to-.be progressively marked down. The year 1937 sfiw a change in that trend. For the first time in motor history, output per man-hour dropped. Meanwhile, hourly pay scales increased under union demands. Taxes skyrocketed. So did raw materials. Consequently, motor officials were forced to mark-up the prices of their cars. It is difficult to pin the current "recession" on any single influence--but it is significant that as soon as higher prices on new models were announced, business began to sputter and stall. The reversal of the downward trend of prices is a vital factor in the outlook .for tho industry. Llfc-LInc Levelling Off. Summarizing these trends, I feel that the "golden days" of the motor- building business are over until new developments come into the picture. The automobile industry's life-line has shifted from a steeply rising curve to a steady mature trend. Cars more economical to operate, higher incomes for the "mass-market" buyers, 'and above all n reversal of the present upward trend of automobile prices is needed to give the industry new vigor. Here is nn interesting thought for of the long-pull outlook of the business. Instead' of selling cars to people who cannot afford to pay for them, why not devolp an automobile renting plan similar to home renting shot its bolt, in my opinion. Presi- plans? Some of the recent financing .dent Roosevelt was right when he re- ! schemes were practically rental prop- " BABSON PARK, Fta.', Mar. 4 Five year ago at this time every bank in the United States was shut up ' tight. The panic, starting in Detroit and the motor industry, spread like wild-flrc across the country. In the half-decade since then, Detroit and the motor industry have been the trail-brazcrs. They led us out of the morass of 1033; they gave us a year of relative prosperity; then they helped to pitch us into the current '^recession." " With the motor industry such a powerful influence on American business, these two questions arise: (1) Has the motor industry reached the saturation point? (2) Can we have prosperity again without a new boom in automobile sales? To answer these questions, we must analyze the factors behind the automobile's success and see if they are still operating today: 1. Model Improvements--First among these is the engineering genius of the industry. For years the American public has been given a better car each season. Styles have been constantly improved up to this year; 'but note that the .average 1938 automobile is very similar to last year's model in appearance. Thus, a big-stimulus for new sales is now lacking. This may be 'one reason why 1938 sales arc running about 50 per cent below a year ago. Rumor has it that as a result of current experience motor companies will radically change their 1939 models. 2. Highway Systems--The constant development of our highway systems has resulted in increased motor demand. As the roads grew better and better, they created a bigg-- demand for 1 cars. These highway improvements arc continuing at a rapid rate. Every year motorist 1 ; have greater Incentive to · buy and drive cars over smoother and safer roads. The depression has been a big aid, here. For instance, in 1937, the 48 states put more thj» $1,000,000,000 in highway building and repairing. 3. Instalment Sales--Introduction of "easy-payment" plans in the motor business was another big stimulant to automobile prosperity. In- stalment selling however has now Fred Daniels Class Is Reorganized The Fred Daniels Class of the Christian Church was reorganized at a gathering of 24 young men and some of their elders at the church Thursday evening. Roger Lininger was elected temporary president; Harold King, secretary. The pastor of the church. Rev. Merrill L. Cadwell, will teach the class temporarily, beginning next Sunday, A former teacher, William H. Showman, related the history of the class, which was named for Fred Daniels, a member of the church who was killed in action in France. The meeting of the class was held following dinner served in the dining room. Mrs. W. H. Showman sent a large three-tier cake. Others at the dinner and meeting were Mr. Cadwell, Jesse Barnes, superintendent of the Sunday school, and Ross J. Mcdcalf. Native Horses Sold Af Fayefle Stockyard Fourteen head ot native horses were offered at the weekly sale at the Fayette Stockyard auction along with the customary run of livestock. Hogs were again featured while ·cattle especially bolognas were quality in demand. Prices were exceptionally good for the quality ot_stock offered. The quotations: Calves--Veals, $12.90 down; heavy and thin, $6.00 to $8.90. Cattle--Fat cows, $5.00 to $6.90; bolognas, $3 to S4.40; good bulls, $7.25 down; fresh cows, top S75; heifers $6.90 down; lambs, $2.70 to $5.30 per head. Hogs--Top, $9.45; heavies, S7.GO and down; boars, $4.75; pigs, $3.75 to $8.75 per '--ad. Eggs--While, 21 cents; brown, 20 cents; mixed, 18 cents. cently criticized tho lenient financing terms on automobiles. These unwise sales are now coming home to roost. Vacant lots are lined with used and "repossessed" cars which are blocking new sales. Financing terms will probably be tifi'ner in the future. This will help the Nation spiritually as well as financially. While fewer registered c.irs taper off the gains in Kasolme and tire'sales, eliminating unsound ownership shouM tend to ositions. Why not extend the idea in an honest manner? There would be cars for- rent to fit every pocketbook. There would be an increased use of automobiles because those who cannot afford to buy cars could afford to rent for part of the year, at least. Would Renting Help? The motor-makers could then rnn- tr I the uscd-car.m.irkct. Production coulri'be better Reared. Hrnlal rates would include depreciation charges Noted Artist's Work Seized. MELBOURNE, Mar. S.--Declaring that their subject matter was prurient, the Melbourne customs department have seized 50 prints of a paint- inj; by the famous Italian artist, Amedoo Modigliani, who is said to be one of the "greatest masters of the nflde." The paintings, which were bfinn consigned to a Melbourne art-dealer. ::n? to be ik-slroyt'd. so that fit thu end of a certain period the cars could be automatically taken off the market and scrapped. A groat i problem today is that most motor- owners do not provide for depreciation. Hence, in periods of bad business they do not have the money on hand to buy .'i new c;ir. This makes automobile production very volatile. Some new plan such as this inicht give the motor industry a nc\v lift. D A Y A T C A P I T A L A S I N T E R P R E T E D BY DAVID LAWRENCE Continued from Page Four, that there has been exemption for a large number of small businesses,' ns if the principle of penalizing thrift is any better when applied to one kind of business than another. Then there's the new atrocity in lax revision known as the tax on closely held corporations, which rises as a new type of torture and damage to the economic system. Father and son may build up a business, but just because they don't want to issue :i lot of securities and give the Wall Street bankers a chance to edge in on their management and profits, they must needs pay a high penalty to the Treasury of the Untied States. In these days of money grabbing, the Roosevelt Administration has managed to build up the impression that it is against tho "economic royalists," but, behind the scenes, some strange things are done which look as it certain financiers had a considerable influence over the Administration after all. It may well be that the Senate will not swallow the "face-saving" report of the Ways and Means' Committee and will absolutely repeal the undistributed sin-plus tax. but it would give the economic world a great deal more'encouragement if the House of Representatives itself killed the present "face-saving" bill and substituted for it an honest measure in conformity with the wishes of the Nation today. * . There flre no friends for the undistributed surplus tax except a few brain trustees and a few timid politicians who do wh.it the Administration tells them to do. The principle as well as the details of the tax have been roundly condemned by experts who have furnished evidence of the ravages of the levy. For many months, it has been patiently assumed by the country that the Ways and Means Committee of .the House would somehow rise to a level of true statesmanship and rid the country of pernicious taxes that do -not collect much revenue anyhow but merely manage to keep employment from being restored. Now the work ot the Ways and Means Committee is finished and the American people haw a chance to survey \vhat has been done. The result iy a shameful example oC the insincerities of polities a n d . of tlit.- complete indifTvivncc of rubberstamp congressmen to the demands of public opinion. What can the people do about it? They can do plenty. They can tell their congressmen and senators iti their own language, "to b 1 with saving anybody's pride or face, let's have recovery by a tax system thai encourages rather than discourattc,; t h r i f t and prudence." They can also make a note now of every Democratic congressman who votes for the new tax bill and make up their minds next autumn to vote against him and to get everybody in tho neighborhood to do the same thing. For if ever there was a palpable example of disregard for the people's interest by preserving somebody's political pride, it is contained in the new tax bill. Maybe the House itself will show its independence by repealing outright the undistributed surplus tax as well as the penalty on -talented individuals who build up their own business without the help ot the bank brokers and money changers. But for the House to be persuaded to do this requires an uprising of public opinion. Do the people really want the depression ended? If they do they have the remedy in their own hands--to tell Congress what to do and to punish the members ot the Democratic party at the polls if they fail to do what they are asked to do--namely, to give America at last a sensible system of. revenue collection without punitive taxes and petty politics. Colored Preacher Dies. Harry David Derry, 72, died Wednesday at Washington, Pa., ot a cerebral hemorrhage. A retired minister, he had preached at the' Pricedale A. M. E. Church and had resided at Washington only five months. He leaves his wife, eight children and a sister. New/ HISS Models ARVIN RADIOS $119.50, ('losing Out at Loss Tlinii Cost $69.5O IVIiilc Tlicy f.a.sl! 1 m si? I !-'(! So. Pelt SI. Phone 19C2 Madeleine Carroll, English a clrc-ss, is shown with George Mar-, shall, film director, marooned by the flood at Malibu Beach, Cal., fashionable lilm colony. --Central Press. ARE COOPERA TING WITH Check These 1934 P. K. Plymouth Deluxe 2-door Sedan with heater mid sent covers -- 1935 Ford Special 7-passenger 4-door Touring Sedan." Has radio, heater and Air- wheel tires - 1934 Torrnplane Business Coupe* with healer, Low mik':itft* 1937 Chrysler Imperial 4- door Touring Sedan. Equipped \vith over-drive, heater and radio. Low mileage 1935 Dodge Business Coupe, equipped with heat-(PO'7/i er. Low mileage.. «PV 1 "± 1933 P. D. Plymouth Deluxe ·t-door Sedan with heater. Very low mileage..:. :. Tin? above cars will be shown in our imrlslom; display --lu'lwoeii Church Vluco and Kalrview' Avenue--tomorrow and all noxt week. Many oilier oars, marked at new low irlces, arc'shown on our display, lloor at Hilta-est. Chrysler 1'lyinonlh .Snips A Service. Iilllcrosf. jn;

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