Decatur Daily Democrat, Volume 46, Number 253, Decatur, Adams County, 26 October 1948 — Page 7

..rToi'ER I‘-"'

R FLAYS •agt One) mtrol over the II group of rich ad patted Into kero «nd landided that Gertough and ruthould play their strong German ley put money I Adolph Hitler.

I ' LETS CONTINUE THE FIGHT Ik - -Hi to end the new deali Re-Elect l/K jIl our congressman GEORGE W. GILLIE |the« is no doubt where he stands t He will confinu* fh* flgM to return ttm American Government to the Americen people. ★ He will be needed by Dewey and the people of this drstrict who are opposed to a continuance of New Deal policies. *He has stood and continues to stand fore Government free of Communism and the wrecking influences end eetravagancos of the New Deel. Hear Wednesday ..._.. a.m. X- // Thursday eeaaeeeeaa**ae«eaeee*«a»7*4s Grltt* qillit — WOWO— Friday a.m. y Monday 7:45 a.m. pt ilk Monday 7:45 pm. DTE REPUBLICAN-VOTE FOR GILLIE NOV. 2 IT ' 1 11 »»eee»M»e*»*»»4»Meeooe»»e»»fr»r»«’**‘*»*w»»eee»eee»e»+»eee+»»»»»»»»e jßf*’ -2 if Wu P UMmEuh I '-ff IWSt-VF Tr 1 1 I l ' rv\ il r nra?r^ T H LI W ’dH FF i u ".j *"i_ - r jmu j f. fi ewe MOTOR COLD... RAIN OR SHIH e " every day is an ideal day for drying clothes when you have « wonderful new GAS CLOTHES DRYER in your home. You just flip the switch, toss in your clothes... and in a matter of minutes they’re ready to iron. Your clothes gently tumble dry in a bath of warm, clean air... and are taken out soft, fluffy, and sweet smelling. I See Hie wonderful new Gas Clothes Dryer wherever home appliances are sold. e JOHN BARTH, Local Manner

Wejmow the rest of She story” He charged that the three groups seeking na’lonal control were •working through the Republican party' and constitute a more ser ious threat than "the Communist minority” or the "crackpot forces of the extreme right wing." SECOND TOWN (Cont. Frr.m Pag* Ont) director. Avon Burk of this city will pre-

side at the meeting and introduce the speakers. "All men and women of Decatur and Adams county are cordially invited to attend this meeting," Carl C. Pumphrey, chairman of the • hamber of Commerce sponsoring commlt'ee stated "The subject of reassessing of property is import ant to everyone owning property in Indiana and we urge citizens to a - tend and learn how it will affect their taxes and valuations”

DECATUR DAILY DEMOCRAT, DECATUR. INDIANA

International Dairy Show At Capital State Fair Grounds Scene Os 1949 Show Indianapolis, Oct. 26-(UP)— Warren O'Hara, president of the newly formed International Dairy Exposition Corp., today made formal announcement of plans for Paging an international dairy show here next year O Hara said the long-discussed exposition would be held at the Indiana state fair grounds during the week of O<‘t 8 15. Making up the new corporation sponsoring the affair are 17 Indiana agencies which have joined forces to promote the show on an annual basis Purebred and registered dairy cattle of the Ayreshlre, Brown Swiss. Guernsey, Holstein Friesian. Jersey and Milking Shorthorn breeds from the I nited States Canada and other countries will be exhibited. O'Hara said that more than |50,o<mi in premiums will be awarded the exhibitors along with the international recognition" An attendance in excess of 250, 000 was expected at the first show, the exposition official said Current plans call for special entertainment each evening of the show in the fair grounds coliseum, with dairy exhibitions such as judging con-

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19 1

Our dictionary says “profit” comes from the old Latin word meaning "progress’. Als >, "profit is the excess of income over expenditure” —what's left after taxes, employees' pay, material pure liases, light, heat, power, and other outlay. A company's profit, then, is a pretty good indication of its “progre s". A look at the figures released today shows the “progress” GE made in July, August and September.

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Naturally, all the "progress" money (the 8c of "profit* out of each dollar received) could go to the stockholders or owners in dividends. But management and intelligent ownership have found out over years of experience that a company-if it is to survive in competition - must “plow back” a good portion of its profits into tools, equipment, research, product improvement and "rainy day" reserves.

Why does GE spend about 50% of ita profits to purchase improved equipment, more research, and more and better places to work/ Because it is •nly thravph more and better tools-and more conscientious use of them - that production can be increased and prices lowered - end these more end bettor tools of production can bo bought only with profits or "progress' money the company retains or with the savings or ''progress'' money we get from others through borrowing or through further stock sales By providing out of profits or "progress money" an investment of over S7OOO per employee -for the right tools, the right place to work, and th* right stuff to work with GE actually "sets up" each employee m business.

tests, milking demonstration and the like held In the afternoons. Invitational national 4-H club and Future Farmers of America dairy shows will be held in connection with the International show. O'Hara stated, and special junior contests will be held ' - -V-— 1 ■ South Bend Child Burned To Death Routh Bend. Ind . Oct. 2d (UP) — Funeral rites were planned today for Eleanor Shank., eight, who died yesterday of burns she received Sunday when a stove exploded In her home. *.

GEN. HAP ICj » Frrm Page One) haired, smooth-faced general said "It would be a grave and basic error to let the Communists bluff us out in the present deadlock In Germany. "They are not ready to fight and they do not want to fight We should curb the national tendency to be in awe of the Russians, an awe amounting almost to fear Jf our people will take the time cooly to analyze what Russia does and does not possess militarily. Americans will be greatly heartened. “Os course it s easy to lean against the fem e rail here In Caliornia and call the abots as to what we should do and should not do on the other side of the world I may be 100 percent wrong But I

And the American Federation of Labor confirms this principle in these words: "We have learned the lesson that when opportunities for profit diminish, opportunities for jobs disappear olso . . . "The chance to make a profit is a mainspring to efficiency and good management in a free enterprise system. Labor feels that competition and the profit incentive are necessary to assure good management and productivity. Our high living standards exist because we produce more per man hour than any other nation."

GENERAL

did have direct experience with the Russians under combat conditions throughout the war and to that extent I Itase my personal opinion and conclusions upoa fact "The only American in the postwar world to tell the Russians where to get off and make them like It is MacArthur In Tokyo "Churchin ano ttevin nave given Britain an underrtendable policy with reference to t.-.e Communists and have made strong statements the Russians cannot miaundersand —statements that should appeal to every American as they have to

WHY NOT TREAT YOURSELF TO A NOONDAY Plate Lunch AT THE VICTORY BAR

In that period, we sold $365.173.260 worth of GE products. From investments wc received an additional $7,735,000. But materials, employees’ pay and twne fits, and other business expenses came to $328,617,141). In addition. Uncle Sam will get some $15,000,000 in taxes. So, on the morning of October Ist we had a "profit,” or could show "program" amounting to about $29,300,000; or about 8c out of each dollar received.

General Electric management is therefore plowing back into the business about 4c out of the 8c of "progress" money This 4< goes to purchase new tools, new buildings, new education, new research all for greater effectiveness in satisfying our customers and thus providing for our employees the best possible measure of job security. This leaves the remaining 4c to go as dividends to GE stockholders.

every Britisher. “We should have an equally clarified policy concerning Russia. Our military policy must of necessity lie geared to our foreign policy. How can be Intelligently estimate the needs of our new air force, our ground forces and our naty if we are not certain as to the foreign policy they will be required to Implement "Time plays with the Russians We have 'the superior power now.

Mvote for Herman C. Haugk REPI'BLICAN CANDIDATE For County , Commissioner J ' -1 3rd District • MORE* THAN 20 YEARS EXPERIENCE BUILDING ROADS. BRIDGES AND DITCHES. • I understand high* a) building and maintenance equipment. • I own and operate a farm in Monroe Township. • I am also interested in the Haugk Heating A Appliance store. Vote for a man with experience on Nov. 2. F r pol adv.

GENERAL ELECTRIC manaßemard reported today that tale* were $343,173,260 tor the third quarter at the year; that expenses were $324,617,140, including wagee and “job dividends" ol $166,500,000; that Federal income taxer accrued during the quarter ar ere $13,000,000, that $15,100,000 was reinvested in the business; and that $14,200,000 was paid to stockholders. In today's confused atmosphere, at least two of the items above are likely to be of interest. One is the prices at which these millions of dollars ol sales were made. So, it is significant that GE prices were an average of only 38% above 1940, whereas wages are up arul prices of all manufactured articles- including the materials and parts we buy are up The other item of natural interest is profits. They were Bi out of each dollar received during the quarter as compared with 7s last quarter and last year, and all the way up to 17i in prewar years. They were about !•% on "investment" as computed from a technical accounting standpoint.

providing him with the meant to increase production and to benefit himself, his family and his community. Because it benefits everybody, everybody has a vital interest in GE progress’ money and where it goes into new tools or to pay back those who invested their savings tiecause of their belief in our ability to run GE for the mutual good of employ tea, customers and public. A noted economist finds: "High profits reflect a high level of business activity; sustained business activity in turn has meant higher income for labor. Both find their sources in high levels of production: th* high*r th* total *utput of goods and s*rvic*t, th* greater th* national pt* and the greater the slice far everyen*."

ELECTRIC

Now, GE is an association of 200.000 employees and of 250.000 owners. The money these owners invest in the 28,845,927 shares of Company stock goes to buy "the tools for the team"- the machines and other aids our employees need and use to prixluce GE goods For risking this money with us. GE’s stockholders are entitled to dividends when earned just as

they have to take the losses when those occur

The picture above shows that out of each dollar received by General Electric in the period of July, August. September. GE employees' pay and benefits took 45c ... materials and other such charges used up 43c ... taxes consumed 4e ... and out of the 8e of profit, new tools and other such needs of the business t.xik 4C while GE stockholders got the last 4c for taking the risk and letting us use their money.

PAGE SEVEN

They may have ft later. In the meantime, it would be folly to let them bridge the gap by bluff alone Hitler pulled that stuff 10 years ago. We should now make certain of our objectives, state them so clearly that neither the Russians, our allies, or our own people can can misunderstand, and then fimly enforce them. The Russians will not fight today — tomorrow they may if we let them continue to create modern armed power.