FACE FOURTHE DAILY REFLECTOR, GREENVILLE, N. C

Monday, February 29, i960

Monday, February 29, "i960

Theyd Re-Raise A Proven Failure

Youre Taking The Wrong Attitude

The showdown battle over the emotion-charged issue of civil rights which began in the Senate today, ^ has become so paramount in the public eye, it is prob--able that a large majority of Americans have completely overlooked the central proposals around which the debate is centered.

The label civil rights attached to legislation seems to be sufficient to draw the line between proponents and opponents without weighing the merits of what is being proposed. Such a situation, it seems to us, is not without its fundamental danger if the traditional democratic system is to be preserved.

Of major concern should be the proposals-themselves and how they wmiild affect the nation, the states, the commumties and the individual citizens . . . not whether they are tagged with civil rights* or some other label.

The current debate in Congress centers around proposals which would set up a system by which federal referees or officials would supervise elections not only in the South, but anywhere in the nation. In effect, federal officials would have charge of the election machinery which has traditionally been under state and local jurisdiction.

During the days of reconstruction, a similar plan for election supervision was approved by Congress and

xtra Interes

put into operation for a number of years. In time, however, Congress recognized the error of its action, and killed off the supervision machinery it had created. Tho system bred such corruption in electionsprimarily in metropolitan areas of the Norththat it could no longer be tolerated.

And there are no guarantees that such a situation would not again result if control of elections in every precinct of the country is concentrated in the hands of the federal government.

What is being proposed is being proposed under the name of civil rights legislation. In sharper focus, however, it is legislation which would overthrow completely the traditional division of powers under which jurisdiction over elections has been left to the states.

It would afford the federal government broad new pow'ers for controlling the election machinery of the state, if indeed, not taking entirely 6ut of the hands of the states any jurisdiction over elections. With such a centralization of power over elections in the hands of the federal governments, the election machinery of all the states might well become a rubber stamp to the will of a very few people.

We trust citizens of the nation, as well as their representatives in Congress, will look beyond the civil rights label to actually what is being proposed in legislation now being debated in the Senate.

Presidential Tour Is

In The Mnnaaers Succeeding: its' Goal

^ ^ President Eisenhowers visit to Latin Amerl

By LYNN NISBET MANAGERS Because Malcolm Seawells entry into the gubernatorial sweepstakes was rather sudden, as contrasted with the prolonged prean-

America has

^ f without its discordant notes, but on the whole'

oSi ' f question about its helping to solidify

lotte decided they did not want the relationships between the United States and its to wait so late to name new neighbors to the south.

committees and set up a Mack- Thg President SO far has received an enthusiastic

welcome from residents of the cities he has visited.

lenburg county organization. _

Jiouncement campaigning by They obtained permission to welcome irom resiaents ot tne cities he has visited, p-. Qni/TM CTZV

Terry Sanford and John Lar- hold the precinct meetings in Moreover, there is every indication that the personal ^ vjILwXvvjIIi oL/JVL/LoJV 1 Hm th.r. mnr. ih.n M . ----- rgceptioii he hss received from officials has been most

kins, there was more than com xnon interest in the personnel he would choose to direct campaign activities. Selection of C. A. Dillon Sr. and Armistesul Maupin as co-managers, based In Raleigh, with assistants to be named for the East and West

Mid-February. Now a number of local party leaders are displeased with the results of these meetings. and have appealed to State party officers for relief.

col. Wade Bruton of the Attorney Generals office, who

earing firm with statewide connections. and has been active In church and civic affairs.

advised the Charlotte folks that there is some doubt about the validity of the February precinct

COPYRIGHT. 1960, KING Features Syndicate, Inc.

The most astonishing item in the Chessman case is the general avoidance of mention ,of

cordial.

From all indications, the President is succeeding in getting across to top officials, as well as the public in the countries he is visiting, the two key points of

wnicy viencrai s aiiice, wno u;., i -ni. tt j , . . , .

served as chairman of the com- . message. 1. The United States seek a just and last-

later, made news. Dillon heads mittec to revise the Plan of in? peace; and 2. desires a mutual help and friendship

with Latin American nations rather than a big brother, little brother relationship.

, , , - as well as at present, the United comSitW in'auThat^Sd

dUc\l 7o^Uon n Z '"'I P'o't uther about thif'

Identifled with State and local state committee meeting here powerful nations ot the Western Hemisphere to its

government. Friday ot this week with a own advantage. The President in his current tour has robber a kid^aer

re-emphasized the desire of the United States to aid was arrested these crimes.

ness 'an with eaperience n ?oroeahd efS:^ A"""?" ^ut on a mutual basis J, SVu\*e rZTha"!

the poUtlcal front, to be his There have been other in- ^hich each nation would share the responsibility general manager, and Henry stances where eagerness of lo- without the United States dominating the decisions.

Caryl's Crimes Ignorec.

this to say;

My daughter, Mary Alice, was only 17 when he kidnaped her. tore her clothes off of her and for four endless hours terrified her, hurt her, sadistically abused her and caused her to lose her mind and life among normal human beings." *

" Chessman's criminal record started in 1937 and ended with his apprehension in 1948. Why the State Department should violate the Constitution of the United

w'^ui T'lhi to* ivwty oigantau"**^ ^nnh.;^{ra'*' ''ation of this .Other Ectors Sq vnQ

business and political life of Un- changing the regular schedule policy has been most favorable. y ii ,

ig. Positive proposals to effect and expand such a "n xTN* Z

U- progiam have been made during the Presidents tour. JT TG6 LpOVIII t L/lSQDDGQrinCf There is every indication thfese will be put into action ^ li

Ion and adjacent counties, a for mer legislator and State YDC president, as assistant manager. directly in charge of the state headquarters offices in the Carolina Hotel,

At time this is written Larkins has not announced his top managerial staff, but the names of leaders in his womens auxiliary group and of known active supporters, assure that he will rely strongly on the element in the Democratic party which was closely allied with the Gregg Cherry and William Umstead group.

These managerial selections, perhaps to greater degree than the "platform declarations" of the several candidates, indicate the general division of factional alignment. Personal and immediate loyalties overlap, but basically the Sanford organization cwnes from the Kerr Scott faction, the Larkins staff will carry on the Cherry - Umstead philosophy, and the Seawell organization will more nearly represent the idealojgy of the present Hodges administration.

CAMPAIGNERS - The "Women for Sanford" started the ball to rolling fw distaff campaign organizations. It was--picked up by Ladles for Larkins" and the less cohesive group facetiously called "Maidens for Malcolm. Some of the younger women friends of Wade Bruton, recently appointed at- tomey general and candidate for the nomination, are talking about forming the "Babes for Bruton club.

without undue delay.

(Henderson Dispatch)

years Imprisonment and $10.000

turned out to be disappointing.

ROLLMAN Heinz Roll-man, the non-conformist Republican candidate for Congress

the 12th district, has come _ ______ ________________________

through with another digression Aithoiicrh PrPciHonf FiaonhnTVi,. j Virginia pays fine, but it would be all right

from the usual. He is ninnlhg resident Eisenhower IS neanng the end his respects to parliamentanr for naacp to oppose an order

advertisements in all the pap- Office, we trust the current tour is the procedure now being foUowed disapproving a local plan.

ers in his district seeking appli- beginning of a more positive U. S. approach to its rela- y' Senate in the handling in a lengthy speech in the cants for the job as chief ad- tionship with Latin American nations. If, following the civt measure. He Senate, Byrd said ores of pro-

ministrative assistantin event PrpsiHpnfa fmir pnnf,*n,iari -c i j ^ ^ Congress posals offered would write new

he gets elected to Congress, tour, continued emphasis if placed on ce- twenty-seven years and has nev- meaning into the Constitution of

RoUman says if he can find nienting stronger relations between the United States ^ before seen such irresponsi- the United States: accept the

the kind of man he wants, he and the nations of Central and South America great- disorder as now. and which Warren Courts Interpretaon

will pay his salary of about er hemisnhenV inliHaritv n vifai declares "merits national of the ConstituUon as the su-

$1,000 a month untU the No- kT solidarity, so vital to the free world, censure." Obj^t of his attack preme law of the land with re

spect to education: make it a felony to resist Warren Court

PRECINCTSThe Democratic Party plan of Organization for North Carolina provides for the State committee to set a common day for precinct meetings in each of the more than 2.000 vq^ing precincts. Usually that date has been early in May, some two weeks ahead of

vember election. If he should be elected, the Government will take over the salary payment: if he is not elected, the man will be out of a job. Meantime, in order to earn the $1,000 monthly salary, the applicant must prove his knowledge of and love for Western North Carolina. be willing to work 16 hours a day discovering the resources and the needs of the area.

This is a novel approach to campaign publicity probably add some 000 to the expense the candidate. This will not be reportable expense required by Federar and State corrupt practices acts.

No where In any of his political advertising has Rollman referred to party affiliation. He filed as a candidate in the Democratic primary two years ago, and when he was defeated subsequently changed his party registration. So he had to file this time as a Republican. In the 1958 primary he received 18,794 votes out of total of 50.-352. The general election Dem-ocatlc majority in the 12th district has for some years been at the approximate ratio of 62 to 38. In view of this voting record the applicant for the job which Rollman has to offer can hardly be confident about tenure beyond November.

will be assured.

tack is the fort to enact by

back into a passive attitude, the weakening of hemis- ^ ^ say, tacking it onto - -

pheric solidarity is the only possible result. measure which has

a

no

Sure Recovery

approacn mj

r and will J _ _ C' L *

btocx Rrices

IS, however, jL

minor

bearing on the issue.

No civil rights bill has been reported by any Senate committee. and parliamentary chaos is predicted. The purpose, according to the senator, is "in the cMirusion to enact punitive, vindictive and unconstitutional legislation.

Bsrrd charges that the proposed amendment would call upon

ren Court orders: open local and State election records to a politically appointed Federal attorney general and his representative: authorize Federal agents to decide qualifications of voters in local and State elections as well as Federal, and police voting and counting of the votes.

Utterances by statesmen like Senator Byrd are of no consequence whatever to leftwing.

By RALPH ROBEY

Well over ten million persons own publicly-issued stocks of American corporations. Other millions indirectly own stocks through various forms of savings. To all of these, the recent behavior of the stock market has been of concern, and all of them are Interested in whether the decline is going to continue.

The measure most commonly used for stock prices is the Dow-Jones industrial average. This is not the best index of the market as a whole, but Dow-Jones is the only organization that reports each Individual stock transaction, and its tickers are found in brokerage offices from one end of the country to the

to get support by a fairly continuous flow of news that was not too favorable.

4. Foreign holders, who in the aggregate own between $10 billion and $15 billion of American securities, began a light liquidation and the market is thin enough to be adversely affected by such selling.

5. The fear of Inflation has subsided to a marked extent. This fear had been a powerful factor on the upside. Now, with many Investors of the opinion that inflation is not inevitable, there is less urge to hold stocks.

6. In the minds of numerous persons, there is uncertainty about the political situation and the recognition that the current

Congress to recognize'Supreme * politically minded lawmakers.

other. The average is calculat- Congress may enact legislation

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r ^ed on an hourly basis, for the high and low of the day, and. of course, for the closing. Taking the latter, the high for this year, and for all time, was last January 5 at 685. Recently the market has been flirting with 600.

This is too much of a decline to be shrugged off. In the old days it was said that anything up to a ten per cent decline was a technical reaction. This has gone beyond ten per cent.

No one ever can explain with positiveness what causes a market decline or a market advance of significance. But unquestionably the following have had an influence;

1. The market had attained an extremely high level high not only in relation to historical standards, but high in relation to earnings and the return one could receive from bonds. Even U. S. bonds were selling at prices wjiich returned a substantially higher yield than one got on good stocks.

2. Corporate profits were headed up, but It^xould not be assumed that they would go much higher. This meant that dividends would not be raised enough to lift the yield appreciably, and in -many instances there was no basis for * hoping for any increase of dividends.

3. Many persons began to revise downward their predictions for both the 6x14*01 and the duration of the present recovery. And these revision appeared

which will hurt business and the growth of the economy, with the danger that the next Congress may be even worse.

How much farther will the decline go, and is there a chance of a real recovery? There is no reason to assume that the decline will continue either much farther or much longer. We are not faced with a recession, and we certainly are not faced with a depression.

This means that a recovery of stock prices, as measured by the Dow-Jones average, is inevitable. How soon it will start, and whether It will go above the old highs, are matters of judgment. My personal opinion is that we shall see a new high, but that will be some months hence, and one must buy his stocks with utmost care.

Court decisions as amendments to the Constitution; to amend the Constitution by statute; to make resistance by State and local officials, and the public generally, to Federal court school orders a felony punishable by both imprisonment and fine; appropriate funds for use hi attempts to bribe State and local officials to accept the Warren Court school decision; to authorize Federal agents to determine who is qualified to vote in any local. State or Federal election, and police the polling places and the counting of voees; and to press toward enforcement of the old FEPC proposals that a Federal agency should control hiring and firing employes in private business, The senator plainly characterizes the legislation as political, as every unbiased appraisal of it must conclude. To oppose any of these things. Byrd argues, would be punishable by two

Their primary concern is winning an election by appealing to minorities, regardless of what the Constitution provides.

The organic law of the land is no longer of significance to these honorables when it stands in their path. Rights of the States are thrown to the winds in an effort to establish strong centralized control, which can be manipulated by politicians in a manner of their own choice and for their own purposes. When the Constitution was written in 1887, Benjamin Franklin told questioners that "you have a republic if you can keep it."

All indications today are that it Is rapidly slipping through the fingers of honest - to - goodness. patriotic citizens and headed to ward a bureaucracy or dictatorship, between which there is very little difference. It is happening before our very eyes with scarcely an eyebrow lifted in opposition.

States to seek a reprieve from the judgment of the courts for such a person can only be explained by a total negation of the sanction of law In our civilization. The excuse that the rapist. Chessman, has become a hero to certain elements In South America, only reflects upon those elements: it must not be permitted to serve as a precedent for dictated judicial procedure. Else, our courts crumble into dust and our laws become the whim of our rulera. Governor Pat Brown of California has raised an altogether false issue, namely, capital punishment. Whether capital punishment Is morally correct or not is matter of private conscience, the Governor said that it is against his conscience to permit anyone, even a murderer or a rapist or a kidnaper, to be given the death penalty and that as a moral sanction, he, the governor, will pardon or reprieve such persons, that U his privilege and he rfiust accept the consequences of his decision. But Governor Brown did not say that What he did say was:

"I was Informed that there could be concern in this matter in view of President Eisenhowers trip. That moved me more than anything else.

The history of the reprieve seems to be that Richard R. Rogan, Chief Deputy Attorney General of California, solicited the support of the Federal government for aid for a reprieve for Chessman. This was done despite the fact that Chessman was tried in California courts and he is a California convict. Roy R. Rubottom. Jr., in charge of the Inter-American Desk of the State Department, sent a telegram to Governor Brown sugge^ng the reprieve.

It is not u%ual in State Department procedures for a man on Rubottoma level to send such a message, with its political connotations, without the approval of an Under Secretary of State or the Secretary himself. It Is to be presumed that Rubottom submitted his telegram to his superiors and that they approved. Lincoln White, press officer of the State Department, is reported to have said that Under Secretary Douglas Dillon approved the Rubottom telegram and that a copy was sent to the White House.

The Constitution of the United States in no place authorizes the President or the State Department to dictate the course of judicial procedure of any State. On the contrary, the Constitution specifies in the Tenth Amendment:

V, "The powers not delegated to the United States by the Con-(Contlnued on Page 5)

Against

Strikes

By ROGER BA680N BABSON PARK. Maaa.. In previous columna I discussed hedging against inflatlcm, I said that the best "hedge" la land: that the government can print more bonds; that eorporatlons . can print more stocks; but that Mily Ood can make more land. This means that as population Increases, as woodland grows, or as more minerals, oil. gas. etc. are discovered, properly located land will increase In price as inflation increases.

TAXES MUST BE PAID Of course, either the corporation owning the land or the Investor must pay the annual taxes. As investors do not like to do this, even in the case of orange groves, then it is better to buy stock in a corporation like Minute Maid, which will pay the taxes and which, when fruit is plentiful and sales ara good, can also pay. a, dividend on the stock. Taxes, however, must be paid by some one and taxes are sure to slowly increase each year.

Big companies like the Weyerhaeuser Company (largest timber owner in the U.S.I do this by selling lumber, corrugated paper, and containers of all kinds through their manufacturing divisions. Even the great owners* of woodlands are subject to strikes in their manufacturing divisions, but the timber continues to grow while the labor is on strike. The steel, iron, and coal supply, however, does not Increase when a big steel strike is on.

WAGES WILL CONTINUE TO RISE 1 have recently been reading an Economic History of England The frightful long hours and low wages of the coal miners of 150 years ago seem almost unbelievable. Even "little children were obliged to work in the mines for a few cents per day. The coal miners have been forced to continual struggle during these 1.0 years up to the present time. The same is true of the wageworkers of most every great industry.

Investors must not think that labor troubles will ever b over. After securing the highest wage that the traffic will stand and the shortest practicable working hours, labor leaders will fight for representation on boards of directors ad ultimate government ownership. Only competition from European and Asian countries can check price increases or higher tariffs. Hlgb tarlfis work for a while but ulU-mately will "kill the goose that lays the golden eggs.

WISE INVESTORS WATCH LABOR LEADERS Some Industries are more vulnerable to labor troubles than are others. Thlt msaasithat to-vesUM-s should cbnstaiitfy watch the labor trends and switch their investments from the more vul-neral)le industries such as the steel, coal, motor, electrical, railroads. bus companies, etc.. into the less dangerous ones where labor is not yet in such a powerful position that it does not care whether or not stockholders get any dividends. Moreover, remember that Congress will vote to help labor, whether or not their claims are just.

The labor leaders find it most difficult to organise the more intelligent workers, especially sales forces working on a commission; also merchandising companies such as variety chains where Uierc is a large turnover among the sales clerks. This now applies also to drug stores.

BE PREPARED TO SWITCH Insurance companies may tempwarily be free from labor troubles. The insurance premiums would continue to be paid into the home office whether or not a strike should occur. Settlement of claims would be delayed until the State Insurance Commission forced an agreement and granted higher rates to offset any wage Increase. The same protection could apply to the owners ef bank stocks.

There will always be some group of stocks that will be least subject to dangerous labor demands; the groups may, however, change from time to time. There are la ways some stocks which, for a time.^are freest from labor troubles; but to hedge against such troubles investors should constantly be willing to switch out of one (Continued on Page 8)

Rare Buys Now On Auto Market

By ELMER ROESSNER Move fast for auto bargains. As predicted here recently, there are some rare buys now. Both dealers and manufacturers overestimated the early-1960 demand, and there is a small but uncomfortable amount of unordered cars on the market. Buyers now and the next few weeks can wangle below-list prices.-

But not for long. Cutbacks of assembly lines are reducing the surplus, production will soon be even with the rising demand, and .discounts will vanish.

One reason for the winter lag-far offsetting the effects of mild weather in most areasis the publics indecision over compact cars. Once the public mind Ls resolved on that pointand weather wajms auto sales will jump

OTHER FORECASTS And here are morels business predictions, based on ajialyses of developing trends:

Consultant boom: Top management is w'oirying itself more than ever over wage trends, computers, automation and

other modern Innovations. This has prepared a rich field for various consultants; specialists who will tell management how' lo deal with unions, how to automate, and how to cut expenses.

The "efficiency expert" of a couple of generations ago has been succeeded by the specialist who will co4sider only a slim phase of efficiency. Specialization has gone on to the point where management is willing to pay tat fees to speoialists who will tell companies that they should not go into electronic computation.

Stick-um battle. Minnesota Mining ti Manufacturing has long been dominant In sales of cellophane tape. NOW' a bitter fight for the market is brewing. Le Pages, a division of Johnson & Johnson, has been testing the market with Its own adhesives, and is now ready to challenge 3-M. Massive advertising campaign is being prepared, and the attack will be launched on 3-M*s most vulnerablepoint: price. The Le Pages campaign

calls for underselling its competitors.

Observation: Le Pages is just as good and cheaper, but its dispensers dont work as well as the Johnsons think.

COSTLIER FABRICS

Higher textile prices. An earlier prediction here is underscored prices for cotton and synthetic textiles will go higher. Unions are getting higher wages in organized mills throughout the South, and are Intenslfsdng organization efforts among the rest. Pay Increases*" won so far look like a 5 per cent rise in textiles.

Air-condltloner bargains. Recent predictions that bargains will be found are coming true. This is to predict that still better prices can be obtained by sharp buyers from now until July. There is a sizable carryover of 1959 conditoners. t good ones, too and soon the I960 models will be flowing ipto stores. Thus it is possible to get advantageous prices on 1959 models and. soon, fine bargains can be driven on prices for 1960

models where retailers see them coming into their warehouses while last years models are

still eating rent.

OLD PROMOTER WANTS PHONE FIRE ALARMS

It was a smirk, not a smile, on the Old Promoters puss when he dropped in today.

"Phone companies all over are going crazy about my idea of a red alarm button on all tele

phones," he said. His idea, reported last week, was for suh a button that would flash an alarm on police station boards.

"Im improving, it," the old

one declared. Itn working on a plan whereby every room in the house can be connected^with the phone, and whenever the temperature rises above 135

degrees in any room, an alarm sounds on a.firehouse board. Sure, the phone company can charge extra for this alarm service, but the customers can more than offset the, charges by paying less fire liusurance.

Okay. AT&T, take it away. Take the Old' Promoter, too.