Decatur Daily Democrat, Volume 56, Number 97, Decatur, Adams County, 24 April 1958 — Page 8

PAGE EIGHT

Cordiner Is Elected GE Board Chairman Will Succeed Reed As Board Chairman SCHENECTADY. N. Y. — The board of directors of the General Electric company Wednesday elected Ralph J. Cordiner chairman of the board. He will continue as chief executive officer of the company. Robert Paxton, formerly executive vice president in charge of operations, was elected President. Cordiner, president of General Electric since 1950 succeeds Philip D. Reed as board chairman. Reed announced last year that long-standing personal plans call for , his retirement in 1959 and therefore he would not seek re election. He will serve as chair man of the finance committee of the board for the coming year. “The new assignments are in line with the relationship established last fall when Cordiner delegated operating responsibility io Paxton. A chief executive officer, Cordiner has over-all responsibility to the board of directors. Paxton and the vice presidents in charge of the company’s functional services continue to report to Cordiner. Vice presidents in charge of General Electric’s four operating groups continue to report to president Paxton. Cordiner is widely recognized as a leader in the concept of decentralization of business structure and as a vigorous pioneer in the fields of professional management, personnel development and public service. Under his leadership General Electric sales approximately doubled to a record $4,335,664,061 last year, and the company invested more than a billion dollars in expansion and modernization of its factories, laboratories and equipment. Cordiner served as chairman of the defense advisory committee on professional and technical compensation in the Armed Forces in 1956-57. This committee, |x>pularly known as the Cordiner committee, recommended a plan for improved effectiveness of the armed services through incentive pay and promotion in recognition of individual competence. Reed, who completed 19 years as chairman of the company’s board of directors, is internationally recognized as an authority in the areas of business and finance and as a spokesman for the electrical industry. Throughout his association with GetfefaT ElectrTc"Ee has been vitally concerned with the company’s many customer and government relations activities in the United States and abroad. Robert Paxton is a veteran of 35 years with the company in a wide variety of operating and services assignments. He has served as manager of two of the company's most important operating divisions with headquarters in Philadelphia and Pittsfield; served as vice president of manufacturing services, was group executive in charge of the former industrial products and lamp group and later of the apparatus group, and has been executive vice president of operations since September, 1957. Paxton was born in Edinburgh. Scotland, was brought to the United States by his parents as a child, and was raised in Troy. N. Y. He joined General Electric immediately after graduation from Rensselaer Polytechnic Institute in 1923.

t/uAt MEN’S Zip-Front ]Hr s v Sport Jackct ' 7 ALL-NYLON /■IV 4 !h WATER /|1 M refellant f I 1 % '"“ < et warmth withi b■‘. >. lif Mt.* out bulky wei * ht ,n \ \ Al\ l this handsome jacket \ ?: 'W V%L. Ar • . . light on the shoul- \ ■ ‘ ( dprs bat chill-proof ■ ■ against the sharp winds of early spring. WHITE, TAN or B 1 AC K Regular $6.50 WHHfV RIDAY and VHi/ SATURDAY ONLY wr s 4-’« Price Men’s Wear “QUALITY APPAREL FOB MEN and BOYS" NORTHWEST CORNER SECOND & MADISON STS. pPEN FRIDAYS & SATURDAYS Till 9:00 P. M.

Applications Here For Aquatic School Applications are now available at the Adams county Red Cross offjce for the 1958 national aquatic school, which will be at Limberlost Camp, near LaGrange, June 8-18. An opportunity to train as water safety instructor, service chairman, or agency leader to carry .on a program of first aid or water safety during the year, is offered. The chapter will pay the cost of the course for applicants, and the only cost to the applicant is the transportation to the school and back. At least one county resident has already applied, and enrollment is usually filled several weeks before the course begin. WICKARD <Continued from page one) i.igh prices now are keeping out their best stock to raise more. When all the beef and pork now “on the hoof" goes to market, Wickard warned, a much lower price can be expected. “Well, if we agree that there is a farm problem, what can be done about it?” he asked. He suggested looking around to see how others get high prices.— “This winter, low temperatures froze out much of the citrus fruit and truck farm vegetables in Florida. Yet farmers in that area actually are having their best year in many seasons, because they have no surplus. So restricting the amount on the market, in this case by natural cause, can raise prices and profits to the farmer. “Farmers are the nation's biggest users of steel. Right now the steel companies are producing at only 49 per cent of capacity. But what is the price of steel? Higher than last. year. “Now the steel companies can farmers can't throw their wives discharge their workers, but and children off the farm just to | cut down their labor force. If they want to produce less, they must still support the s a m e labor force," Wickard pointed OUt. ‘ ’ “Z ! “Oil producers rigidly control the amount they produce, with each oil well having weekly or monthly production capacity. This keeps the price of gas up. “Now the present secretary of) agriculture has reduced the price j of wheat next year to the farmer) by 22 cents a bushel. But what) happens to this 22 cents? Who; gets it? The farmer loses it.: prices for- cereal, bread, and grain No, the large corporations will swallow the profit, and both the farmer and the consumer will be losers, with both unable to purchase additional goods from local businessmen. “The whole method of setting prices on farm-grown goods is) unreasonable,” Wickard stated.i “The 5-7 percent surplus sets the price for all the rest. Yet wet need this surplus to insure feeding all Americans. “This is why the Farmer's Union suggestions for solutions, which would mean increased purchasing power, for the farmer, are necessary," Wickard concluded. County agent Leo N. Seltenright was introduced and stated that he was happy to See the farmers organizing to get done what they believe is right. All candidates for county offices present at the meeting were then introduced. ‘

Membership Drive By Young Democrats A spring membership drive to get members in every precinct in the county for the Adams county Young Democrats was planned Tuesday night at the April meeting, Harry H. Hebble, Jr., president, said today. Dr. Harry H. Hebble, county chairman, will contact' each precint committeeman in the county to help get new members. The club is interested in enlarging its membership to more effectively help in the fall campaign. Committees were appointed to help at the banquet coming up next Tuesday, and refreshments were served to the members. I Hearing April 29 On Library Remodeling A hearing will take place in the auditor’s office April 29, at 10:30 a.m. by the state board of tax commissioners on the remodeling of the Decatur public library. In a recent public hearing on the library Special appropriation, no one appeared against the improvement. Two new additions will be made where the steps and pillars are now located, and the downstairs auditorium will be made over into a modern adult department. A room at the south rear, which is now used for storage, will be converted into a meeting room, with storage space for books along the

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THE DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

walls. Another addition will be a 30-foot wide storage space at the back. Complaints Made On Business Concern A few complaints have been received lately by the Chamber of Commerce about an out-of-toWn concern doing business in Decatur. It seems that the Chamber of Commerce is being blamed for the negligence on the part of the consumer. A photography concern recently visited Decatur and charged a price for a photograph. But on the receipt for this charge was an additional fee, called a “sitting fee." Many people failed to read the small print, sometimes called the “fine’ print. The Chamber of Commerce urges the people of Decatur to be sure and read all the wording in contracts, receipts, and any other business correspanding. Eisenhower Plans Weekend Os Golf. WASHINGTON (in — President Eisenhower will fly to Augusta, Ga., Friday for a weekend of golf, the White House said today. The President will fly back here on Monday, White House Press Secretary James C. Hagerty said. Mrs. Eisenhower will not make the trip. If you have something to sell a rooms forrent, try a Democrat Want Ai — They bring results.

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THURSDAY, APRIL 24, 1958