Decatur Daily Democrat, Volume 46, Number 183, Decatur, Adams County, 4 August 1948 — Page 2

PAGE TWO

REBELLION ON (Cont. From Par* On*) a regular buyer* •trike," one Minneapolis butcher said. “It might bring price* down." The Pittsburgh houaewivew pro-, teat called for a one week strike and a group of women at Bayshore, Long Island, began a similar telephone campaign Unions also were using their influence The CIO shipbuilders union al Camden, N. J., proposed a three week consumer strike and the CIO garment workers at Dallas offered tn picket stores to support the strike there. Farmers were beginning to retaliate to the ' consumers' strike*, however. Dyde Manning, secretary ! of a “committee of farmers and. i

rftUWWeittty OUR hl liinhffiiin <7 * ONE YEAR IN BUSINESS * IN DECATUR Today mark* the completion of one year Mince we took over the management of Maier Hide & Fur Co. We wish to thank the public for their splendid patronage and hope your kind friendship will continue in the future. OUR PERSONNEL JOINS IN expressinc; our appreciation LAWRENCE (Sammy) McDonald (.10 >«.) WILLIAM (Bill) SMITH (30 yru.) LAWRENCE JACOBS (10 yru.) ROBERT NICODEMUS (3 yru.) kj (Years of service shown in parenthesis) (SIGNED) Mr. and Mrs. Browarsky Maier Hide & Fur Co. ... ...... -cu-a e.4 v aua «-

NO Increase in price! Why pay more when j *'* x> ' SCrj j Marvels give you quality smoking for / less money! g <^°**« //- // fir sHMAhO HOS.i PM ILADII FHI X; Fl

stockmen" at Wills Point. Tex . announced that ius group was pre pared to boycott all Dallas products and to stay away from the city itself "for nine months." Not only that, he said, farmers should get themselves lists of Dallas license plates and i efuse to let sportsmen from the city bunt and fish on their grounds. I Mt. Vernon Mon Is Drowning Victim Mt Vernon. Ind., Aug. 4 — (UP) — Kites were arranged today for Paul Schmltzer. 24, who drowned yesterday In a gravel pit near here. Good weed control is the best way to keep up the soil moisture in a garden.

Monthly Report Os Red Cross Secretary 544 Services Are Rendered In July The Red Cross home service oftlce expended 1173.75 tor financial assistance to servicemen, veterans and their dependents during July, the monthly report prepared by Mrs. ituth Hollingsworth, executive secretary, shows. The home office rendered 544 services during the month, listed as foUows; Furlough or leave verifications 1; reports for military or VA servicemen, veterans and their families 1: emergency communications 13; assistance with claims for compensation or family allowance 4; consultation and guidance 17; referral to other agencies 3; information 35; financial assistance 10; telegranns 13; interviews 74; letters received fi,i; letters written 75; Telephone calls in 124; telephone calls out 100; trips made <l3B miles* 4; notarizations 2. affidavits 1; war dead applications 1; Red Cross power of attorney 3; recruit nurse for polio epidemic 1; wheel chair loaned 1; a total of 544 services rendered. a ■ < Two Persons Killed When Autos Collide Martinsville. Ind . Aug. 4 — (VP) — Two persons were killed in a collision near here yesterday. They were Charles Sandefur, 60. Indianapolis, and William 1. Gilliland. 31. Bloomington. Their car struck one driven by Lowell I-edgewood of Loogootee. A passenger in the latter car, Mrs. Dale Straughn, 27. lawsootee. was critically injured Ledgewood said the other auto suddenly veered onto the wrong side of the road. GUARDS MAINTAIN (Cont. From Pag* One) for a 13-cent hourly wage Increase. After the Vnivis ern ployes threw out the UE. the company granted an 11-cent hour-

AVI Smith Drug Co.

TK3 DECATUR DAILY DEMOCRAT. DECATUR, INDUMA

ly Increase to all workers. The I'E also demanded that ■ U .workers discharged by the company be rehired- ... Guardsmen extended their protection today to the six pickets assigned, to the gates after Hiram Payne charged that he was kicked in the stomach while on the picket line. The military began escorting the pickets In a Jeep attention is tCont. From Page One) her of Commerce has made a check of tax records and has found that there are still a number of local people who have built homes or added rooms to old homes without permits, and still are paying texes only on the vacant lots or on smaller homes. There are penalties tor violation of the ordinance which accumulates each day of the violation. It was pointed out. Chamber of Commerce officials also have asked local contractors to cooperate by refusing to work for persons who do not have permits. INCREASED (Coni From Page On*) East Deutsche Mark accounts of the city government and private Industry In tbe western xonas as of Aug. 1. These funds are deposited In tbe Central Bank in tbe Soviet sector. , , Tbe treating order was a heavy financial blow to the western sec-

WHAT DID DENERAL ELECTRIC EARN? 55. and who benefited?

We bevs passed the halfway point in what we feel it another hksocic year at General Electric. Jp the first half of IMS, we have not merely sold more goods, paid higher wages, and had more earnings left. We have, done a lot mors-a lot that we feel is for the good of all, aa well as for the good of each of tbe individuals and groups we are trying to serve. Jt » -A. * * • A The figures ate significant io tbetnselvre. Our cusqarngn wanted still mote, but we were able so give them a new high of <773 pillioo worth es products in peacetime. The prices on these products averaged only 35 per cent above 1940, whereas out employees’ hourly earnings rose to 75 per cent above and prices on our material purchases mounted close to double 1940. Th*, new general wage increase in mid June and the selective price iocrtaset resulting from this and higher material costs are not reflected appreciably iu the above figures. They are expected to raise our employees* earnings to 89 per cent above 1940 and still keep our average prices to lest than 40 per cent above 1940. Our ruMrednnd pricing policy throughout these times, as well as the two outstanfUng p<jct reductions made contrary to the trend this

year, resulted m many of our products being priced well below those of oor competitor. Thee we have been—and will con-tinue-tryieg to do oar beat in the battle against inflation. Op thismillion of mica billed-and on dm 11.100 million the etvckholdem, have isrvssmd or Mt in the business or committed rhrmill ice far-we earned under >55 million, or 7< out of each dollar taken in. .■ •« f*»o «.••••• * ........ * These earaipga were after payrolls and other employee benches of >319 million, or 41-3/ 104 of each mice dollar. These earnings were also after materials, services, and taxes amounting to anew peacetime bfeb pf Jl-J/lOf of each sales dollar. Our Federal In ooms taxes alone wore about >45 million. Tbi’pnph. trying H ta offlcfant pswtfumr, we thus were able to tell at proper below those pf moat competitors, were able to pay the new high peacetiipe take home pay to our 200,000 employees, wore ab|e io keep the confidence of our stockholders diet we would too ear ot later do better by tfienw and still were able to provide >45 million for the support, of our Government out of sales made at prices not even as high as those on which many competitors were breaking even.

Them figures may seem bigwand they ut big. Yoe G**y want to break ±ts million dollars of earnings toft to each case. A»ide from theearnpy of ?i on to 4 goffer received. we aasume there b tfa iM<>term to what dm **Mqra ®* investment" has been aad the many questions about sedwr sf awgM to bo. TM ’TnveeSwiuwt" la this greet antorprlao-from a technical accountin'; M.ndpota'-.is MM.toflliM. representing the amount of our assets, ix.. the depreciated value of plana end equipment, the inventories sad cut • tetners’ accounts, the amounts ventured in advances and stock of needed afibascs, and dm cq|h and fnarketabie srcuricies required for day-to-day operation*, replamments and emerjenctoh lees the sum of amounts owed so trade oreditocs and far sansa. This tomb investment is made up of proceeds from the sale of capital stock now otdtoed by 250,000 stockholder*, the reinvestment of earnings shown to surplus, the tong teem debt, and ’*'' • 9 *

GENERAL® EtEGTRIG

..." -.I ... , tors becnmte 75 pnrcent of all salaries in tbe western xeclprs must be paid in East Marks, according to agreement. As a result, salaries and wages tor 750.00(1 workers te the western zone fog the last halt of July, due Aug. 1. have not been paid. Some spuraes said agreement by western authorities to the Soviet demand would give the Russians complete control, through payrolls, of the entire Berlin city admini-

•AUCTION GROCERY STORE Equipment & Complete Line Os Groceries MONDAY, August 23; 1948 1:00 P. M. NEW CORYDON, INDIANA Sale will start promptly at one o'clock, and grocery stock will sell until 5 P. M. Sale to start at 7 P. M. and Equipment will be sold. Groceries 1 to 5 P. M. Equipment 7P. M. EQUIPMENT—TyIer 8 ft. display case, like new; 2 pop coolers, like new; Dayton Sanitary scales; Electric meat slicer, like new; Electric coffee grinder; Grocery scales. National cash register; Candy scales; Largo safe; 3 display cases; 3 large display tables; Meat block; Alcohol tester; Large heating stove; Gas pump; Gas tanks; Telephone; Desk; and many miscellaneous articles. The equipment la, all good and tbe grocery stock clean. Everything goes. TERMS—CASH. Mh. & Mrs. h. h. miller, OWNERS D. 8. Blair—Auctioneer Gerald Strickler—Clerk C. W. Kent—Sales Manager Sale Conducted by The Kent Realty & Auction Co., Inc. Decatur. Indiana. 4 11 18

TERMS—CASH.

atratlon and police as well as industry.. „ Lt Gen. Sir Brian Robertson. British commander In Germany, was called to London amidst tbe new crisis for foreign office con aultatlons believed connected with the Moscow negotiations. Robertson was scheduled to leave early by plane, unaccompanied by his advisers No elails were available on the reasons for bls 'unexpected summons.

.m, < r dM • V‘» . st. A * A> I M • • peny as a whole. The return oo this investment io the first half of 1948 was at the rate of 172 per cent per year. General Electric wants 10 get its investment doma in relation to goods produced, and do it through getting its efficiency ng j|Ut faat as potsibk. That’s the wsy to get tbe greatest possible output at low costs that will protect tbe high volume. That’s the way to provide the greatest number of steady jobs, and do it while still employing jn fixed facilities tbe least amount of goods and services that could otherwise go on through to the public in consumer goods. To some it seems a virtue to have a low return on investment, whereat just tbe opposite is true where the high return is accomplished through such savings and competitive skills as are indicated above. | «» <♦ • *u •• • k g The producer with n low return 00 investment is the one who may be doing for customers what they want done but who, to accomplish this, is tying up more materials in fixed property than does his more efficient competitor. On the accompanying chart is shown —for 1947 and 1948 —the high proportion of the earnings the stockholders are currently having so leave in the business. 4

txt"*"* 4 ‘•T •••<’ *'•' * I essp -eft* J_ MV IABMNM M ONHONI . cam bOLLAi esratvtn ft J| ; ..i ... Ii —g* r< 1 I - io kW Jrw owwits* —_ L-H, MM-NOMI * EFI H T I IJ IM " V~ •m - hii-•; « Itv!lMi ]i I I I I I -< & Uy j 11111 fM illrt 11 111 vF • • • I

Our stockholders are thus currently involved in the soundest sort of infation arresting aqiod. They arc receiving for personal use only 3< of their earnings and are saying ft /rom consumption and for investment in expanded and improved equipment to provide more Jobs and to turn out more goods to help meet the needs of the country and to aid in keeping prices down. One of the problems of om stockholders-and likely to be the problem of aay owner of any business, large or small -r is that about half our plants and equipment are carried 90 the books and beiqg depreciated in accor<hnce with their cost iaprewar tiotlans whereas the rtplacttnencs for them have got to be bought at the new high prices with dollars worth half as much. of our stockholders is that in continuing to receive the 1160 annual dividend rate, they have been experiencing a constant cut in actual Mac-home value while the compensation of General Electric employees and material suppliers has more than kept pace with the indationary cheapening of the dollar.

Card of Thanite We wish to tbank neighbor*, and friends, the Minister and ladles who sang, those who sent flowers and to all who assisted us during the death of our father. Mr and Mrs. Harry Marta Mr and Mrs. James Roebuck Mr. and Mrs 8 K. Haggard Mr. and Mrs. Charles Roebuck

~ SALE CALENDAR ' AUG. 4-Highly improved 41 acre farm in Lower Huntington two miles east ot Roanoke, Ind. J. F. Sanmann .2 Cletus Razet. owner. AUG. s—Heirs of Asa McMillen. 40 acre farm, H mile west of ant Mills. Kent Realty A Auction Co. Johnson A * auctioneers. M AUG. s—Carl Schroeder. Chattanooga. Ohio. ... Buildink and Shop equipment. Roy A Ned Johnson, aucts AUG. •—improved 50 acre farm two miles south and cne mil. ot Geneva. J. F. Sanmann, anct. Fred Bon*, owner ** AUG. 7—Guy McAfee, 5 miles west of Bluffton on road 114 then m miles north on road 303. Chester White Bred but J Roy Johnson A Melvin Liechty. Aucts. M AUG. ?—Fine Lake Cottage, boat and furniture. Barbee Laks j Sanmann, auct. Frank Weaver, owner. AUG. 9- Richard N. Rudrow. 215 East Votaw St.. Portland. Ind I Room Modern Home. Midwest Realty Auction Co J i Sanmann. Auct. , AUG. 9—Jennie Kelfer, l«th and Adame street. Decatur Cons building lot. Ned Johnson A Melvin Liechty. Asets AUG. 10—John J. Brecht. 358 Stevenson St.. Decatur. Ind . 4 30 p Household Goods. Midwest Realty Auction Co, J. r g, mann. Auct. , AUG. 13—Earl Moser A Son, first farm north of Wren. Ohio on rm No. 49; 8 miles east of Decatur. 71 head of dairy ritt) E lenberger Bros.. Don Mox and Ned Johnson. Audi AUG. 14 W J Hill. Lowell. Ind The Lowell Hatchery Buslmsi u Building. Midwest Reslty Auction Co., J. F Hanm» oß AUG. 16 - Sam L. Relneck. 7 miles northeast es Paulding. Ohio. Ti Farms, Well Improved 80 acres and Well Improved r acres. Midwest Realty Auction Co.. J. F. Sanmann. aict AUG. 30— Wm. E. Bleeke. 3 ml. east of Decatur, then 3’4 north ox ]»] then *4 mi. east. Livestock and personal property CM Bohnke and E. C-Doehrtnan. Aucts.

WEDNESDAY, AUGUST 4, IJ<(

Trass tn a Good Town — C" Watch YouTste? Splintery old floor. invit.L denis. Sand rough gpou up with crack-filler Paint a Jong wearing Floor-Use in Mahogany. You II hare .** "iuMry- look and * * ground for rug. and furn For Sale at Arnold * Kl*nk