Birmingham Post-Herald from Birmingham, Alabama • 11

r-jore cr i1 'LookMa No Steering Wheel' I Wiiihnmfr I i am Post-H erald South Has Risen A SCRIPPS-HOWARD TELEPHONE 133-5381 JAMES MILLS METZ Editor Vice President Owned and published daily (except Sunday) by Birmingham Post Co' 2200 Fourth-av Birmingham 2 Alabama Member of United Press International Associated Press Scripps-Howard Newspaper Alliance NEA Service Inc and Science Service which organizations prtain exclusive rights to all news and features credited to them Member Audit Bureau of Circulation Again This Year WASHINGTON It is not exactly unlawful to say a good ward for the South though among sothe it remains most i Still it may be possible to say such a word these weeks before the Christmas season while minds turn toward the cotw" cepts of tolerance and reconciliation The South has risen again this "Givs Light and tht People Will Find Their Own Way Saturday Navambar 26 ISM PAGE i'1 Festival Of Sacred Music from neighboring states as an opportunity to hear and to sing the songs of faith that they love Much credit also should go to Claude Keathley of The Birmingham News who has handled arrangements for these festivals since their inception The Post-Herald feels privileged to have had a part in helping with this most worthy endeavor in the South than in the North When James Meredith the first Negro graduate of the University of Mississippi was wounded from ambush in the Mississippi delta there was freshet of invective from the1 North and from European- press whose representatives here by and large have never needed a word of evidence to indict and convict the whole Southern people before world The assailant would surely I1 need fear no punishment from that thing contemptuously called But a Mississippi jury and a Missis- sippi judge did convict this assailant and did punish him This year's Festival of Sacred Music has been the greatest in attendance in enthusiasm and in enjoyment of the fine religious music Jim Roberts and Norma Zimmer of the Lawrence Welk organization: Bill Mann master of ceremonies Kurt Kaiser at the piano the Birmingham Symphony Orchestra under Amerigo all have done their part to bring the people of this and year The movement northward of the crisis over civil rights has dime more than to lift this heretofore unique shadow from the single region so long and so alone tortured by it It has also given the reasonably minded people of the North an awareness now that their own cities have been wracked by the twin evils of black extremism and poor-white 'extremism that I no part of the country ever had a monopoly on racial fairness as no part of it now haS a monopoly on racial trouble The new agonies of the North have made Northern men and women conscious of old agonies once suffered openly only by the South So the net of it is that the era of fingerpointing at the South has come to an end Let Him Try the Arithmetic 2 MEREDITH HIMSELF is now satisfied with justice" Indeed he has just gone beyond an expression of satisfaction with this statement: (Southern officials) promised me they would perform their jobs Southern people mean what they say and do what they say they are going to Coincident with this a North Carolina judge bars Ku KIux Klan members foom his juries with the observation: hooded robes are nothing more than burial shrouds of legal And while one is about it' might be well to try to set straight the historical record on this matter of the Ku Klux Klan When the current Klan arose in the it was not the -North that first legally broke it it war the South The first and strongest anti-' Klan law in the nation was passed in Texas the first and' strongest anti-lynching law was passed in Virginia Now as in the effective legal action against Ku Klux Klanism comet not bom the North but bom the South Ponder the daily news articles about how President Johnson is restling with his conscience political judgment and economic advisers on whether to ask for an increase in taxes to dampen the inflation Time was as some old graybeards may remember when taxes were levied for purposes of revenue only and higher taxes were justified only to balance the budget and pay a little on the public debt In the last generation such thinking has gone out of style We live now under a new economics the according to Lord Keynes where-under the Government's budgets are primarily that is they are drawn to compensate for any imbalances in the private economy So if we have underemployment and underinvestment then to compensate we have higher Government spending and lower taxes The other side of Lord Keynes' esoteric economic coin is that when we have more jobs than people who can fill them and rising living costs we put on compensatory brakes by reducing Government spending and increasing taxes That is a part of Lord Keynes economics our Government has never tried and to believe that politicians ever will apply it is to give credulity to human nature that is In the last 35 fiscal years our Government has balanced its budget in only six three under President Truman three under President Eisenhower All of President Rowe tit's years and all of President Kennedy's years were red-ink years and so have been all of President Johnson's years Those years have seen the public debt rise from $168 billion in 1831 to $3267 billion today We are not as old-fashioned as President Roosevelt once was when in 1932 he campaigned for federal budget annually We think it is necessary that the budget be balanced every year But we do believe the budget should be balanced once in a while And if it cannot be balanced in a year when wages and prices are rising when there are more jobs than people who can fill them when will it ever be? The Johnson Administration can be credited with many some highly laudatory But the one Johnson Administration first which may make the most notable chapter in the decline of the buying power of the American dollar is that it cut taxes and deliberately escalated non-defense spending while our country was at war If LBJ is wondering why our people are uneasy and restless perhaps he should review that record HenryToyof ALL THIS MEANS for more than simply a healthy gain for national fairness and national common sense It also means that this nation is now truly on the right road toward a just and rational solution of an ancient race problem Fo the great crux of the matter is simply -that the North has at last recognized that this is not and never was a Southern problem but was and is a national problem In a word the cloak of hyprodsy has now been cast off above the Mason-Dixon Line And the record shows that more genuine progress toward Negro rights has been made this year A Bear Market Is A ricky Matter dends paid in the past 30 years and about 75 per cent of the net profits for 30 years? subsequent bull market had a heart attack And when this writer wote in January that market could fall like Roscoe the 1200-pound diving horse at Atlantic the fall that followed was 250 points in the Dow-Jones industrial aver- The news that great General Motors had made a new low after the stock market's dramatic rally typifies a bear market It can be dime but even in the best equities it's hard to buy a bargain in a bear market It takes time A bear market is not just a bull market that goes down Old Wall Street hands know it is a vicious tricky and surprise-ladened phenomenon that lives a life of its own And its rallies are not like the dove from Noah's Ark signaling that the flood is over Rallying all the while and prior to the last rally mighty GM already had declined about $13 billion in value ih less than PORTRAITS By John Metcalfe Constant Hope Dearest I am always hoping- Above The Law COUNTLESS MILLIONS who have a diqpct interest in market have never experienced this phenomenon A new generation is facing the surprise But there are no although some kind of always is claimed and no protections can of themselves change cruel losses into gains when a bear market arrives and stocks show their loathsome Neanderthal zest to go down On Oct 29 1929 as Variety declared in its immortal headline Street Laid An Egg'' Today things are different Blessings be especially in respect to stock-rigging and to thin margins and nobody should compare today with 1929 But they do have one thing in common Both raised the red flag: bear market Many good stocks such as RCA were only lately recovering pricewise from their wild buildups and supersplits of a generation ago and other high flyers like excellent Anaconda ($174) and New York Central ($256) have never recovered By February this year the gradually gradually move upward (market leadership) as the supply decreases In 1962 the market lost $116 billion in the first six months The Dow-Jones industrial total travel down and up was 714 points A beneficial period of the doldrums usually precedes a sound upturn and three bellwethers led the advance: A and the most widely held stock in the world General Motors and Standard Oil of New Jersey There three still contain the same great implications One day a sound recovery which changes the bear market trend will be led by such splendid equities and reveal (slowly) a reassuring pattern of recoveries that remain recoveries after the decline This is the real significance of important GM hitting a new low after the dramatic rally Prices only prices not opinions will have to prove that the market is over its heart attack ages The question is: Where do we go bum here? Famous Wall Street operator Jesse Livermore used to say: market always looks good on the day it looks good But it also looks bad on days it looks bad Patience to wait is the public's missing AN EQUALLY insidious booby trap is values Prices are made by supply and demand not values Moreover values change as conditions change and foreseeing the causes and extent of the changes is of itself a very tricky business indeed Then let a prime equity like Genegri Motors sell below its previous low and a new discouragement contributes to the bear market Ultimately after numerous illusionary changes in the trend the beneficial force of earnings yield and prospects begins to silently very silently assert itself The true blue chips divvy up on a libel judgment against him But nobody who knows Powell is surprised at his contempt for the courts As a congressman Powell likes to write the law but plainly he doesn't think that means he has to read it or pay any other attention to it Adam Clayton Powell the Harlem congressman ducked again- Tuesday when a New York court ordered him to start serving a 30-day jail sentence for criminal contempt Powell also has been convicted on three counts of civil contempt All this stems from his refusal to That perhaps get away' And the two of us may visit! If for just a day Oh my! heart is ever kmging For your satin southern skies Where beneath the pallid moonlight I may see your eyes! In these days I am so lonely: Dreaming constantly of you And the warm embraces In your skies of' blue All the nights for me are empty Like the lengthy shadows here When your voice so sweet and tender Never 1 can hear Dearest I am always hoping That together we could be And your smile so soft and gentle I once more may see Size Is Not Everything in the words of Portland's No 1 plan a year Great US Steel has been in an individual bear market for seven years This fine equity has fallen from $103 to $40 How could bellwether A and T's stockowners suffer a 395 billion decline in value which equaled all cash divi- ner 'Yea Alabama 1 Won $75 Prize For lis Author BY WILLIAM LINDLEY someone will come up with an outstanding alma mater song for the university one that can be truly its own The Portland Oregonian recently printed an editorial entitled which might well be considered by the presents to say the least a novel viewpoint This editorial said in part: will Portland be like in the year 2000? Not much changed from the year 1966 and a good thing too in the view of President Henry Sroufe of the City Planning Commission Mr Sroufe pokes hole in the theory of the typical city booster that a bigger city is necessarily a better city the serious urban problems of air and water pollution the high cost of doing business the longer journey to work shrinking open space the rising tax rate one can legitimately question whether unlimited expansion or urban population and area is a wise future CHORUS (ftr tinging iiirtgtri nSPulne tnifrtniMnce at a vr fit It was 1925 and Ethelred Lundy (Epp) Sykes was active in the University of Alabama glee club as well as being Growth is vitl to a city but it does not have to be numerical growth It should be a growth in quality of population in better planning and better opportunities for those living within it in more opportunities for cultural enrichment for educational advancement for better and more beautiful buildings and streets and homes Our cities will have enough problems as it problems of reviving and renewing the central city of bringing rapid transit into being to relieve street congestion of gaining and holding industries that will provide good jobs and opportunities for residents So maybe we should think twice before we make growth in numbers the criterion for our advancement Portland's Mr Sroufe has some good points that all should consider K' hit your stride! Go teach the Bulldogs to behave Send the Yellow Jackets to a watery grave! 'Defects' in Autos And if a man starts to weaken' his shame pluck and grit have writ Her name in Crimson flame But just when this song was written or by whom is something that no one seems to know ROBERT WALLACE Jr director of Information services and publications at Tech wrote in his book Her in White and is extremely doubtful that anything has ever meant as much to an American college as has this Tech fight song a curious mixture of words and music that grew out of an old folk ballad of the the early 1900's It has been one of the most important vehicles in making name known around the world and in the development of the school as one of the most cosmopolitan institutions of higher learning in America But 'no amount of researching or interviewing or analysing has been able to furnish the actual origin or time of the first use of the song on the Tech campus" The song it seems may date back to the last yean of the 19th century but the early years of this century seem more likely Anyway it's a great song and here ire the words in pert: rambling wreck from Georgia Tech And a hell of an A helluva helluva helluva helluva hell of an engi- n66Te Like all the jolly good fellows drink my whisky dear I'm a rambling wreck from Georgia Tech And a hell of an engineer pianist for the Capstone Five 1 a dance band i group at the I of A The Rammer Jammer campus humor magazine which had been started a couple of years earlier by Dwight Wilhelm and which then was being conducted by Jeff Coleman announced a contest for an original University of Alabama song lo be written either by a student or by an alumnus The prize was $75 Young Epp Sykes was called by Uncle Tom Garner the glee club director to look -over the entries "There were only 12 or 13" he recalls and they were pretty awful Uncle Tom asked me what I thought of them and I replied that they were the worst I'd ever heard in my life So he said 'Why don't you write lie went back to the Phi Kappa Sigma fraternity hbuse and started working on a song supplying both the words and the music worked on if for 11 solid hours and it was finished in that he added The piano on which he composed the song still is in the fraternity house His song won Its title is and it's still heard regularly at football games and on the air Under the new safety law the manufacturers are required to report on and the first report has been made public All the manufacturers said they had had to notify dealers and car owners of faulty items on recent cars This as we understand has been standard practice all along even before the new law but it was not generally made public The manufacturers according to Administrator William Haddon of the new National Traffic Safety Agency ire making a and substantially effort to correct all defects Some of the defects could lead to serious results but others while undesirable were not vital In any case owners would be well advised to take their cars for inspection when they are notified The auto industry despite the horrifying slaughter on the highways has a remarkable record for safety in the cars especially in the light of the dismal record of drivers both in operating the cars and in neglecting to keep them in proper repair Nevertheless having to report the defects under the new law should work to stimulate an even better performance Now if the safety officials could find a way to compile similar reports and issue about defective drivers we might really be on the way to comparative safety on the highways the magazine with plates to be used in printing it He turned the publishing rights over to Thornton Allen writer of the and Lee who published much college music and for some years received payments as a result of phonograph record sales Sykes after graduation went to work for Puoli Smith in the Sparrow Advertising Agency in Birmingham and stayed there until he went into the Army Air Corps before World War II by way of the 106th Observation Squadron of the Alabama Air National Guard He had become a pilot in 1930 He served during World War II and was- attached to the Strategic Air Command After the war' ended he was asked to remain in the Air Force an unusual honor for someone not a professional soldier "It was a hard decision to make" he recalls "because I had a good offer to return to Birmingham and work for Paoli Smith AUBURN UNIVERSITY has a beautiful alma mater written by the late William Wood of Montgomery who spent more than six months working on the melody He was a cheerleader during his senior year and also a member of the band and glee dub The alma mater received its first performance In Landgon Hall in 1924 and Wood played it in Montgomery several times that year He died in 1133 When the name was changed from Alabama Polytechnic Institute to Auburn' University it was necessary to change the wording slightly Some old grads still can be heard singing when the younger generation is singing Auburn's popular fight song is written hy Robert Allen and AI Stillman of New York on commission by Roy Sewell Auburn alumnus and chairman of the board of Sewell Manufacturing Co first was played and sung in the opening Auburn football game in 1955 and all rights to the song were presented by Mr Sewell to the Auburn Alumni Assodation ANOTHER alma mater is that of the University of Tennessee it was written by Mrs John Lai Meek and winner in a contest sponsored by the UT All Students Club in 1928 She received a prise of $50 in gold Mrs Meek was not a graduate of the University of Tennessee but her husband and son were alumni -The chorus goes: So to you Old Tennessee On- Alma r-ter Wc pledge in love and harmony Our loyalty to you Georgia Tech at Atlanta has one Of the greatest of ill college songs Rambling Wreck from Georgia More Amendments To Vote On Fight On! Fight on! Fight on men! Remember the Rose Bowl we'll win then Go! Roll to victry! Hit your stride! You're Dixie's football pride Crimson Tide! This is only one of several Alabama songs "Alma was written by Helen Vickers Oppenheimer who entered the university in 1905 and graduated in 1908 and was a member of Phi Bela Kappa The melody is the song Amici which was originully Anni Lisle by II Thompson and is best known as Cornell's Alma Mater of the Crimson with words and music by Staph Page was written in 1925 first as a dance tune then changed to a march He also wrote the "Kappa Sig Dream T-n ii even an "Alabama University written and by Armnnd In 1839 which was discovered among the paper of the lute Branilry attorney and historian an passed on to the university by Alfred Shook Col Carlton and the Million Dollar Band played once at homecoming Cot Butler still hopes that to provide that local changes will require only local approval? As it is wc are operating in a jet age with horse and buggy equipment Rhymes Of Times Shops throughout Greece closed In a one-day protest against new taxes In this election Alabama voters passed on six constitutional amendments five of them local Next month on Dec 6 there will be another special election for the purpose of passing on four other all local There will be a cost of several thousands of dollars for this voting on questions that should be settled by the people in the localities affected However state law does not allow this For years and years Alabamians have deplored this situation but have done nothing about 1L I lint it time that we alter the law HE CHOSE the Air Force and finally was sent in 1957 to head up the Missile Test Center af (tape Canaveral But a series of heart attacks put him in the hospital and he was forced to retire from active duty and lead a rather quiet life He still' hears his old song occasionally So that's how "Yea whs born The chorus is familiar goes: Yea Alabama! Drown 'em Tidel Every 'Bama man's behind you Oh! If I had a daughter sir dress hir in White and Gold And rt her on the camnns TO Ter the Brave and Bold But If I had a sen sir I'll tell you w- he'd do He yell: Hell wth l'-l I'H to do This onr two-prrt series on college sonji end their orWiw It may be that some readers some -ddlUonal information about Alabama or Auburn songs If so I'd be gladL to hear from them 1 One of life's nwpl basic facts is That when some folks haw and hem H's liecause increasing taxes Arp anathema to them THE LYRICIST composer now is Brig Gen Ethelred Sykes (ret) of Cocoa Beach Fla and 46 years the event he recalls the writing of five song well The Rnmnier Jammer wiis supposed lo gel tide to the winning song tail the editors hud no plans for expkiiting it so Sykes arranged to get the copyright in return for handling the expenses of first publication and also of supplying Thus when most Greek sliops are closing As their owners do a burn It is not beyond Grecians too need all they urn!.