Pampa Daily News from Pampa, Texas on June 22, 1947 · Page 16
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Pampa Daily News from Pampa, Texas · Page 16

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Sunday, June 22, 1947
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Page 16
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JNTewi; Suftfotr'.tune -*.*ii4_ i fcwtW most consistent a«tt*pap«r ttoliftncd "Aftfly except Saturday by The Pampa News, 321 W. Foster Avfc tnsaiT6«6a. Phone 666. All departments. MEMBER OF THE A.SSO- PRESS (Full Leased Wire). The Associated Press Is entitled ex, to the use for republlcfttlou of all *lie local news printed In this M^iVapaper, aa well as nil AP news dispatches. Entered as second class blatter'at the post office at Fampa Texas, under the AcH of March 3rd, 1878. S_. „ i SUBSCRIPTION RATES Wf CARWETR In Patnpft 2Bc per week. Paid In advance (at office) $8.00 per .1 month*. |«.00 per six months, J12.00 per year. Price per single copy ( t«t\t«. No mail orders accepted In localities served by carrier delivery. t WALLACE'S POPULARITY * Several columnuists recently have devoted a day's fcpace to an effort to explainq the current popularity of Henry A. Wallace. And certainly Mr. Wallace is a phenomenon that merits some explanation. Every time he gets .knocked down he comes bouncing- back with renewed strength, to the accompaniment of louder cheers. He got himself in the Presidential doghouse and was tossed out of the Cabinet. But that didn't bother him. He went abroad and made a series of attacks on V. S. foreign policy and those who have formulated it. lie was scolded by the American and British press and castigated in Congress. His old friend. Mrs. Eleanor Roosevelt, gave his views the brushoff. One of tin- more-oi-less independent liberal groups broke with him. Yet he came back from that European tour to play to crowded houses across the country. His audiences even paid money to hear him—something virtually unheard-of in (he history of American political stumping. All the columnists that we have read on the subject of Mr. Wallace—intruding some ardent, old New Dealers —have found him to be confused and wrong-headed on a number of county. They have charged him \\ilh vacillation and contradiction. They have accused him of damning the U. S. government for policies which he excuses and defends in the Soviet government. They have .called him insincere. They have called him an "innocent." who is being shamelessly used by the Communists. But almost to a man these columnists have found the. same answere for the Wallace popularity. Mr. Wallace, they say, is the answer to the American people's hungry search for a leader. They find that lie fills the void left by Mr. Roosevelt's passing and that lie inspires the people by his messages of idealism and his efforts on behalf of the common man. In most of these explanations we have found an implied indictment of those who should be the nation's inspirational leaders, but aren't. Therefor, one gathers, Mr. Wallace is serving a useful purpose. We can't agree with this conclusion. Not all of America's popular leaders have been great. There is a vast difference between the popularity earned by distinguished achievebent and the popularity gained through an ability to spout vague generalities and windy promises. But ,you can't always tell the difference from the applause the two types of leader receive. The ini tial popularity of Adolf Hitler and Benito Mussolini and Huey Long was of the latter sort. Mr. Wallace is not a Fuehrer or a Duce or a Kingfish. But his public record to date does suggest that his present popularity stems more from emotional reactions than from sound accomplishments. Sometimes, in periods of stress and trouble, a nation is lucky enough to find a great leader. Sometimes it isn't But the groping search is always a little frightening. .There is the danger that the searchers will come up, as the Germans and Italians did, only with someone who can make them feel important and exploited at the same time, who can bolster their-egoes, nourish their self-pity and earn their unquestioned devotion by telling them only what they want most to hear. Texas Today By JACK UUTLEDGK Associated Press Staff He wasn't a daring youn»- man on a flying trapeze, but he sailed through the air with the greatest, of ease. A new weather bureau report based on an extensive investigation ol' .the April 9 Higgins-Glazier-Woodward tornado brings to Jiglu an interesting story, as well as some mazing statistics. First, the story: A man in Higgins saw the tornado coming. He rushed to the door to close it but it was torn from his grasp and he was picked 'tip ana sent sailing through the air in an easterly direction. He flew "at considerable altitude above the tops of some tall trees" the report says. En route, he was wrapped in several strands of svires. He was deposited on the ground about 250 yards from the house, un, injured except for minor cuts and bruises caused by Hying debris. But, wrapped as he was in wire, he couldn't move. In the meantime, his friend, in the same house, tried to close the door too. And he was picked up and .sent flying—but in a northeasterly direction, He told the investigators that he wondered at the time why lie was going in a different direction. .' Miraculously, lie also was deposited on the ground uninjured, and headed for his house. He found his .|riend. unwrapped him. and together they fought their way through still-high winds and rain. There was no home left, but the • In owner's wife and two children were huddled on a divan, uninjured. The divan and a lamp were the only things left on the floor. Now for the statistic:;: The storm traveled 220 miles (average length of a tornado is about 50 miles), had a velocity at the center of the funnel of 450 miles an hour i compared with an average 3001. was 1.5 miles wide at Higgins and 1.8 miles at Woodward (average tornado is from several hundred feet to one-half mile wide. > It advanced at a rate of 40 miles an hour, (compared with average 25-30). "This appears to have been one of the most severe tornadoes on record." the report said. It estimated the dead at 160. injured at 1,000. and property loss at $10.000.000. Austin College Receives Jesse Jones Donation WASHINGTON — (/Pi— Jesse H. Jones announced yesterday contribution of $40.000 through Houston Endowment. Inc.. for the establishment of a chair of economics at Austin College. Sherman. Tex. Jones said the contribution, made jointly by himself and Mrs. Jones, will be used for a "John T. Jones Chair of Economics" in honor of his elder brother. John T. Jones died in Houston last August at the age of 74. A depression can create more Communists overnight than political vitch hunters could track clown in. a month of Sundays. -Sen. Gli'ii H. Taylor'(D) ol Idaho. By EfeSKINfi NF.A Staff CorfcStKiHdent (Johnson on KPBN Monday Thru Friday, z ¥. M.) HOLLYWOOD — Exclusively Tours: Red Skelton gets Paul Jones to produce his future films at M-GM. Jones hat. guided most of Bob Hope's pictures nt Paramount. So how there's hope for Red. it seems. M-G-M and Spencer Tracy are making with the arguments over hir, new contract. Cornel Wilde is back nt Fox for re-takes on "Forever Amber." The Joan Crawford-Donald "Red 1 Barry romance is surprising just about, everybody, including Barry. Leo Duronher Is denying my exclusive tliat Ace Press Agent Steve Hannasan is quietly doinp, a goodwill job for him. Don't 1/flievR Leo's denials. The story is true. Alnn Ladd hopes to be on tre radio i:i the fall in a detective sc- rips a la Diek Powell's Remits Gnl- Irrv. "KAT THEIR PICTURKS" On tho set ol' "'liif Time of Your Lile." Bill Bcndix was raving about (lip food sevi'Cil in a certain studio calc. "That's UK' one >j;ood thins.; about the studio." he said. "In fuel, they ought to rt'lefiM' their food ami cat the pictures." Quick film caivor: New York act- ]c.'..s Xam.i C!uiuiiiif.',li:!m flew inlo tov.ii. did a quick live minute .scene v.illi Betty HutUm in "Dream Girl" tuul ll'.w out again. /lunii play:; her .singiiu; coach. PauM'.e Goililard boii!\ht so many ".'lollies in Paris, on a living spiTi 1 from her London film activities, lint slu> linil t.o hire a ;,mull plane to cart all the stuff back to London. Sign on n fancy Hollywood station wm'nn: "No Hunrho Yi'Ho." Humphrey Bogarl lins been fjnash- inij his tei'Ui ever since he learned the production schedule of "The Treasure of Hicvra M'.ulve" would keep him out of the Honolulu yiiclit race. He .spent $15,1)00 re- iitting his Santana for the racu. DOUBI.K SWITCH The Hollywood Pawns: Before RK-O landed Ethel Barrymore for a role in "Memory of Love," there was some doubt whether she would be able to accept the part becau.se ol other film commitments. So for a couple of days H.-K-O switched the role to a man—and Waller Brennan was penciled in to play it. When Ethel bc'.'amc available, the :iole was rewritten back into a woman's part. Richard Ney just fired his agent. That reconciliation with Greer Garson hasn't materialized yet, with a ciivorca predicted in the offing. Kirk Douglas will get one of the top roles in "Serenade.' 1 Marilyn Buferd, Miss America, just dropped by M-G-M. will be .testct! for "The Miracle of the Bells." Famous artist Kelsfir lUi'ler tells niL" (he only sjlamor girl he'll paint •wiiile in Hollywood will be Barbara Stanwyck. He says: "Her face interests inc. In fuel, it's the only face' in Hollywood that docs." Margaret Whiting lias been testing for the lead in the film version of "Annie Get Your Gun." Judy Garland, husband Vincent Mmr.elli. and 15-month-old Liza head for Nassau and a vacation following completion of "The Pirate," Grade Reports IJy GRACIE ALLEN Well, everybody seems quite amazed that u woman was in the group which recently yot to the top of Mount McKinley. But I don't sea why they should be. After ull. when you get right down to it, svo- mun lire the greatest climbers in the world. In the first place, if men don't think we're climbers, just watch the way a would- be society matron bows until her Grade girdle squeaks a protest, when a member of The Pour Hundred passes by. And then again, if you don't think we're explorers, just come with us on a shopping- tour when we penetrate the wilds at the far end of main street in search of a strange market where butter is two cents a pouuct cheaper. And if you don't think we're trappers, well, how many of you men are still bachelors? BIG MONEY IN'48? - by Roger Babson lOOKIfiG AHEAD* BY GEORGE $. «ENS . 8 l'P TO US! , Today it doesn't require a -=;enius of a Barney Baruch to iooh nto tho future and see that Amer; ra faces a great crisis. It doesn't require the wisdom of Solomon to mow that if pi'esent conditions Continue we are headed right into i deep and shocking depression so cereal that it might affect the fundamental pattern of our economy, and hence the entire future of Ihe nation. Neither does it require any special brand of genius or wisdom to know that we Americans could pffpctively correct the present renditions. We can, if only we ,<'e would, prevent; a serious de- gression for many years. But it needs neither genius nor wisdom to know that we are not likely to so correct conditions as to avoid a dopvpssion. To do so would re- require Ihreo things we now defi- nitrly lack. These proper things will 'not likely he done and tha (lenroRsion will likely come. WHAT IP IT COMES In !ho midst of a sobering depression, Ji o w e v e r, wo might muster sufficient courage to do I ho right things and thereby short- pri its duration. I want to outline I hose necessary steps which could prevent depression if taken now, and which would shorten a depression if taken after it is upon us. In the first place, there is required a brand of bold, courageous, forthright, non-political executive leadership beyond anything Washing- Ion seems likely to display. In the second place, it would necessitate a lot of now, daring venturesome, resourceful industrial activity, which because ot unfavorable tax rates, industrial strife, and general want of vision, we seldom seo. In the third place, it would require from labor leaders in general a very genuine, honest, sincere, and effective,' effort to remove all practices and policies that, binder maximum production per man-hour, and that needlessly add to the cost of goods, construction, and so on, of which WP likewise see but little. Those three steps would bring about three conditions necessary If we are to prevent depression unemployment, and mediocrity. One of the first things this formula would lead 1o would be real understanding and cooperation between Industry and labor, which is an essential to the continued welfare of this nation. We have not fooled ourselves into tho foolish belief that these two great segments ot Industry must over be at cross purposes. In the second place, these things ivould lead to an increase of at least 40 per cent in actual amount nf goods produced wit.hout increases in labor costs. At the some time there would be de- nroase in rate of wages ear-nod. This would rapidly increase the effectiveness of competition and ivould bring cuts in prices ranging from 20 to 25 per cent, thus giving a real rise in standards of living for the entire public, labor FIX well as all others. A SIMPLE FORMICA These lower prices, in tho third place, would increase demand for our goods. American industry has, more nearly than that of any other nation, reached the mass markets. Our industry has produced goods that make the least of us veritable kings. And the end of this is nowhere in sight. This would also permit expansion of foreign markets, so soon, to be needed. Full production would make our economy so healthy that employ-, ment and high national income would continue for many years. This advice sounds extremely simple, and it is just that: simplicity that makes the formula worthy. This simple formula for prosperity of the entire nation requires only honest, intelligent, unselfish, Courageous citizenship and leadership. May God raise up the leadership for tho sake of this nation, our posterity, and the world. May we, individually ex- erciso the intelligent, citizenship tb.fi days ahead will reciuira. So They Say An Englishman thinks he is moral when he is only uncomfortable, - George Bernard Shaw. Copyright—1947— Publishers Financial Bureau. Incorporated BABSON PARK. Mass.—This is no time to make forecasts as to .business in 1948. Personally. I think .jit will be better than most people 'predict; but when it conies to net .^earnings, after taxes. I fear they will aggregate less in 1948 than in 1947. The year 1947 should see the ,tops for such net earnings for most lof the large corporations. With the public pressing from below for Jower prices, with labor and taxes 'pressing from below causing higher costs, the net earnings of most 'companies are sure to shrink. COMMODITIES are beginning to ..crack due to competition. Only .parity legislation is holding up farm Iprices at the present time. Even the 'partners themselves know that their -present honeymoon will someday ,.tje over. Moreover, wages have not 'yet stabilized. Certain groups are "entitled to further increases and will j;et them; but workers' efficiency soon begin to improve. When know some idle man is waiting our job. we will speed up and a dollar of work for a dollar ESTATE—with the excep- distressed sales—should re- about present levels for time further, although there slowing up in real estate Ration has always been in over long periods. The tJon epidemic has about ; Climax for the present' within a few years deflation, followed later by further inflation. The price breaks which started in with the fish industry a year ago. are now threatening real estate and commodities. STOCK MARKET: If wages, commodities, real estate, etc.—based upon the money in circulation—are entitled to stabilize at around 50100 percent above 1932. as the fiscal authorities claim, the stock market is entitled to do likewise. Therefore, when wondering whether to buy or sell any stock, it is wise to look up the price average in 1932-33 and add 50-100 percent. Moreover, it should be remembered that stock prices depend much more on earnings than on reproduction costs. THE NEXT DEPRESSION will be brought about by one of the. wheels of the business machine cracking. This will stop the entire machine for the time being. Perhaps the cracking wheel will be farm prices; perhaps foreign trade; perhaps labor unions; and perhaps government finance. It seems too bad that a depression seems to be necessary once in a while, but such is required in order to awaken in people the desire to work and produce to their best ability. If you will read the Preface of my book, "Fighting Business Depressions", published in 1933 by Harper & Bros.. New York, you will see I then forecast on the fly leaf that the next severe depression would come between 1950 and 1955. THE GREATEST DANGER of a depression comes through, forced distressed sales in commodities, real estate, stocks and even labor. The greatest service which any employer or investor can render is to store up cash now in times like these in Oder to help out when these later distressed transactions appear. For every additional person doing this, future distressed quotations will be less severe. Moreover, the investor or employer will be very highly rewarded for his foresight. SMALL BUSINESSMEN especially should beware of the squalls ahead even although we may have one or more years of good business. In times of depressions, the big squall unfortunately comes upon those least able to bear it. This especially applies to the 400,000 returning veterans who have recently startec small businesses. Those who are out of debt and have sufficient capital to carry them through a bad period should weather the gale; but I fear that the majority wil fold up. COMPETITION is bound to '{e very severe after the demand foi goods has once been filled. Too many concerns have gone into manufacturing new products or products which they have never manufactured before. This means a gluttec market someday in autos. refrigerators, radios, vacuum cleaners, dee): freezers, etc.—products for which people are now clamoring. This over-porduction coupled with increasing unemployment will surel; result in lower earnings for mosi companies in 1948 even although gross business may still hold up, The United States should wait no longer to lighten the load -on the American taxpayer by taking steps to restore German and Japanese economy. •—Herbert Hoover. Some of the most important do- jisions in American history will be made in the dark, on the basis of fear and hysteria, unless there is a wider public understanding of basic atomic facts. David E. Lilienthal, chairman Atomic Energy Commission. Everywhere from top to bottom in our government is a dominafcion. of the military in time of Thiti overemphasis of war preparation in time of peace will bankrupt every nation. —Henry A. Wallace. Beer was a standard beverage in Germany as long ago as the 16th century and in 1516 German rulers, senking to prqiect the quality of the product, stipulated beer should be "brewed of barley, hops, yeast, water and nothing else." QUICKIES By Ken Reynolds "I'd like to place a, Card of Thanks in the N«nys Want i»y ¥ H'ES SACK ON : THE PHON6- -H6 rr TOOK NOU so Lone TO GET TO THE 'PHOMS, 1 VOUPBO&5 WANTS JO SPEAK TO VOU ON TH6 PHONE WHAT HE \WAWE0| TO TELL YOU r"' TO T£LL VOU L ^-J>^ MY LITTLE WARRIOR OFF TCfTHE LAND OF THE ABOUT 10,000 PACE! LAT£R GOT DM 'NUFr PROVISIONS FOR A WEEK, AN 1 PLEMTY ARROWS —TO KILL FRESH BUFFALO IN CHICAGO, WHEN WE GET THERE r. TMASS SUH/r A CLUB.T ILLINOIS, TO CONQUER THOfeE WILD CHICAGOS>r LOOK, JOE- WHAR IRON ^STHET ooRN MORSE.'; TRAPSHUN K.RWSIE SOW WILL MAK.E IT WELL ,. WOE.W voufc MILE TO FIND HER, /m K BASY" I'LL HW.1W TO NEW MOEK./eitt> TO AND W0EX OUT DETAILS OP THE I TBV, Me.. PUBLICITY CAMPAIGN, Ei4. PAPP! | 3LAZES! WITH \PERFECT! BUT WE'LL PLfkS THE GLAWOE. \MO»3CATE HER. SETOR.E UUNC.H OF A Cieci'S IMS OWE. PUBLICIZED THE IROMf OF IT, MISS GttXUNK.'. WE UNWITTINGlS POHE N FWIOR FOP. THM COLOSSAL ftOtffe BLMN4T. TEP10US SOAP PEOPLING ON THE N WIWES HAS GN.LED WE, SHOULPBEIPEW k5 THE GEOWN UP K.RINGIE 53JEE, OOP. BUT YOU'VE YOU VE SOT TO SLOVJ "WHY DON'T VOU SIT DOWN AND DO A BIT OP READING? IMPROVE YOUR MIND, THERE'S NOTH'N' \ GOT TO REMEMBER STRANSS ABOUT I YOU'RE GETTING A MAN OF ACTION / «•' CMS IN YEARS.' LIK'E- ME BEIN' DOWN AND TA.KE IT ONCE Itr A WHILE ...DON'T EE.AT YOURSELF TO THE COfMtM-TTEE NOftWHP KEEP • ClOWP OF BROKEN TOE AHP SHERIFF NEVOTOFRirNROCX 5MOUIP JUDGES/ RACE-RIGHT At THE OTrtER OF THE- TRACK. .' , TOO! VWJt My FIRST \ IM GRATITUDE FOR. MY "\SAY, WOULDN'T WAPMIN& , THE GOVEI?NOJ;) IT BE SLICK I _6AV_e ME THIS 7IF US KIDS ACH HAD A DID YCW SAVE THE FROM THe CANNIBALS, Me..LIGHTHEARTf Y COULD USE. THEM' INSTEAD OP COLLECTION OF SI6NAL DRUMS/ •Behind us, two frustrated people •were snapping at each other. / IT'S YOUR WORD A&AIN5T HIS. IF THEY SAY YOU TOID HIM TO THROW THE FISHT, JUST SAY HE'S CRAZY. AS FOR ME. t DON'T KNOW A THING. SEE YOU IATER. district.- attorneyrof ffy ' HEUO, NIFTY, i JUTHT HAPPENED TO BE PATHINS. HOW ABOUT A DRINKS JUST HAD ONE, ROCKER, BUT I COUIO USE 'ANOTHER EVERYTMINQ., KI6HT FROM THE BEGINNING NOW WHAT, YOU Y QUIET WHILE I BIS STUPID .'LEAVING I THINK/ LET'S SEE-- YOURHAT BEHIND /BAT'tl PROBABLY YOU CERTAINLY (SPILL EVERYTHING pUEERED EVERY-./ AND YOUtL BEQ.UE5 THINS.' , ^SUlONED. DENY EV6RY- G--HEAR LET'S FORGET ABOUT PICTURES ANP snow YOU HOLLYWOOD; YOU'RE HERE...THERE MUST PLACES AND THINGS YOU'D LIKE TO SEE... BUT YOU SEE MOVIES IN ASWTABULA! NOW, LOOK, VOUWON CALL," AND EVERYBODY ON CAUL HAS TMAT'TM FINISHED FEELING AFTER EACH PAY'S WORK. I KNOW-BUT 15 THERE AN "' REASON WHV I CAN'T " II CATHV...DO VOU S POSE (I H I'M BEING PUSHED OUT OF PICTURES AS QUICKLY A 1 ? I WAS PUSHED IN"? IFA Fferesew Ta.u<; WHAT.tV^BNgp-e Tfm MM ffeRQsH SHOJUp l<eep, IT

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