Mondmy October 8, 1982

Proven Source Of Voting Trouble

Ships That Pass

Absentee ballots, lon^ the source of controversy greater interest in voting in the 15 Western counties and election trouble in North Carolina, have come which use some 65 per cent of absentee ballots, than und^ closer scrutiny in recent days with the release in many of the other 85 counties of the state. Indeed, of figures that show 15 of North Carolinas 100 percentages of registered voters who participate in coontiiM use 65 per cent of the absentee ballots. other electionsexclusive of absentee ballotsbear

than any othw one thlngi absentee baikits this out, ifr one coiaiTy in a recent eiectiott the imin-have figured into election disputes in North Caro- her of absentee ballots represented 38 per cent of Una. The fact that they are available for general the countys total vote, and equalled about one-fifth elections seems to invite their misuse, particularly of the countys entire population, in counties where there is a close split between On numerous occasions efforts have been made parties. The closer the ^contest, the greater use to have the absentee ballot outlawed in North Caro-

eeems to be made of the absentee ballot.

It is not reasonable to assume that there is

Question Wish ; Retirement

Jror

By WILLIAM A. SHIRES .

HODOES-Lutber H. Hodcs has expressed a wish to sjUto down to retirement in Chapel Hill. N. C.. but many peopte wonder if the man fnxn Leaks-ville really wrants to retire.

There are son who say Hodges would sU in Chapel Hill in rocklng-cbair Judgment of anyone who ocoipies the chair in the governors office in Raleigh, ^ and in fact, already has spoken out on how that omce should be conducted.

There are those who say that Luther Hodges should come back from Washington and the Kennedy cabinet and put into practice what he preaches, (mt at least make an effort in another campaign for the governorship of North Carolina. These are the people who Insist that this is what-Luttier Hodges really wants.

BOOKHodges has a great many, definite Ideas on the governor's office, on the Council of ^ate and i the direction North Carolina should go in years to come. He expresses these views clearly and without C^aliftea^! is ^ book, Inessman in the Statehouse, pubUsbed by the University of North Carolina Press, Cfaapei Hill.

By its very nature, this bo<^ was newsworthy as soon as advance C(H>ies left the printer and reached readers familiar with North Carolinas state government and political scene during the past 10 years.

What Hodges has to say is, by definition, news and the hook itself should nc^ be c(hi-fused with literature.

CONTENTIn the first place. Hodges is writing for contemporaries in North Carolina. There is little chance that anyone not familiar with Hodges' six yeara as governor of the state, or that many beyond the borders of North Carolina during this fairly epochal period will grasp the significance of

M governor (rf North Carolina Is a job for three men. And the reader must remember that Hodges is no ordinary man. Further, he says that a man might to be allowed to succeed himself after the four-year term prescribed by the state constitution.

Times have greatly changed since this constitutional limitation was written nearly loO years ago, he writes, and today a governor should be allowed to succeed himrelf.* He suggests two ccmsecutive four year terms or at least as an alternative one six-year term which, in effect, is what Hodges had.

Further, he says, North Carolinas governors should have veto power and the privilege and responsibility of signing a bill into law.

asACT Boge^^tes at ^ length through twelve chapters about events during his administration and the record he left as governor, in 1954-60. There are intimate glimpses and , Hodges personal philosophy.

But there is much that is omitted, which some feel also should have been said.

But the real impact ol the Hodges book lies in what he prescribes for the future. In this he reveals his true feelings while occupying the top elective office that the state of North Carolina may bestow.

And in it. in fairness. Hodges offers truly constructive suggestions bom of the best of teachers, experience.

Hodges believes that the five members of the Council of State ought to be appointed rather than elected and serve as the cabinet of the governor and accountable to him, rather than being Independent. He recommends continued election of the attorney general, auditor and treasurer to act as'checks upon the governor.

He recommends continued re-

lina. Each effort has been beaten back, however, by those who insistat least on the surfacethat the absentee ballot is essential if all voters are to be accorded the privilege of casting their ballots. The underlying reason for continuing this absentee ballot s^stem is, of course, some county leaders want it to continue to be at their disposal.

The Democratic party in North Carolina years ago recognized the shortcomings of the absentee ballot system far outweighed good points of the system. The party outlawed the absentee ballot .n its primaries. Since that time, in spite of almost constant election disputes and charges of fraud in connection with absentee ballots, the state legislature controlled by Democratshas not had the courage

to outlaw the absentee ballot in general elections.

The next legislature, we trust, will have the courage to outlaw the ab.sentee ballot in North Carolina. By doing so it will be acting in the best interest of the citizens of the state.

Short of outlawing the absentee ballot, the legislature should not hesitate to put more rigid, realistic control on use of the absentee ballot to restrict the misuse being made of it in the state.

Oyer-All

Exactly

Session Not Productive

Growth

Stocks

By GEORGE SOKOLSKY

c

1 ne u nsoivoDie Frooiem

Copyright, 1962, King Features Syndicate, Inc.

wlwL.-M.vsey*,;. : .'vsavfuia:

Hixfeear" peo' is Bie *atf' stobBsfiiBg of' ' a

Congress, on the threshhold of adjournment, has operated in high gear these paat few weeks in contrast with the slow-moving progress of earlier months of the session.

In too many instances, of course, progress of a congreisional sessttn is maasmd aloag th waj pear with sudd^eM by the number of pieces of legislation that has been generally prepare for decades

enacted. Looking back over the record near aJ- or even centories. The rioting

journment time, one is prone to see only the bills which actually have come to a vote on the floor universal problem,

of one or both houses. There is the natura! tendency At issue is a Constitutional to discount the thousands of hours spent earlier in ^ flf

the session in committee investigacions, considera- and^ the 'pSlcentb

tion of proposals, the tedious task of hammering a Amendments to the constltu-firm piece of legislation from a bill as initially pre-sented.

Even when these things are considered, however, it appears now that the current session of Congress has been slow to get things done. It has been a busy and difficult session for members of Congress, but one which has produced little in the way of tangible results. To some extent, this impression is due to the deep-seated opposition of . t-i i

many membersin both partiesto key points of P r PiltPlPQ

President Kennedys program. To some extent it O kJvJ. y ii ly .

D-

withholds from the Federal Government many of the responsibilities and authorities which most Americans of this generation assume are within its scope; the Fourteenth Amendment, passed after the Civil War, is really a development of the Fifth Amendment,

and deals with the rights of citizens, grants to the Federal Governmint some responsibilities and authorities which the Tenth Amendment withholds from it.

The Tenth Amendment reads: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reservedt o the States respectively, or to the people.

The^ Fourteenth Amendment reads:

All persona bom or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United

and the recording tape, and his book is straightforward observation and opinion in the style (rf his addresses and statements already properly recorded by the department of Arcliives and History in the Addresses and Papers of Luther Hartwell Hodges. Vol. I and II. These are available free of charge, upon request, to the department In Raleigh.

SIGNIPICANCE-What is significant about Businessman in the Statehouse is that it is a true document of the impres-slais of a man who spent six years as chief executive, perhaps the most remarkable chief executive m North Car-and that it was, recorded and published so soon after he left this Important office.

It is the first time that such has led some observers^ to ask of the book, memoirs or platform?

SUGGEST-What docs Hodges ask, or suggest?

In looking back over my administration and aliead to the future. he writes, there are a number of Ideas that I think people In North Carolina today should consider for their state and its government tomorrow.

He says, cme, that serving

long-range state planning commission to plan for the future without fear of political repercussion.

OTHER Hodges writes of many things, from the need of restroom facilities in the governors office to a statement that It might be found that tobacco can cure certain diseases.

entitles the final chapter, looking ahead. and this is what

Then, too, Hodges has a lot of say about the way he thinks things should be Jjj|paleigh. He memoirs have published

when the record of the man was so fresh and firmly imprinted in the public affairs of the

(Christian Science Monitor)

out compromises satisfactory to itself as substitutes for administration proposals.

In many respects, the current session has reflected the election-year influences that are normally expected. Each party has sought to feather its own nest at the same time it gave as objective consideration as possible to the nations affairs. Much time has been consumed with political considerations and attempts to apply the ballot box barome- claw to avert it. The key vote ter to \vords and actions. in the Senate was a bare 39

Alc. ..o ...ifo

It ia curious that so many senators and representatives want to force Yugoslavia back into the hands of the Soviet Union. Administration forces are having to fight tooth and

Even more curious than the House vote to cut off aid to Yugoslavia is the recent move in Congress to deny that country its long-term privilege of the American most-favored-nation clause. In simple terms this means that after Yugoslavia has learned to trade predominantly with the West, at the

From the session each major political party has Th^H^^^voted Snw

He advocates study of annual sessions of the legislature, of providing decent pay for legislators, of greater emphasis upon the now-vacant office of lieutenant-governor, of further industrialization and industrial planning, of continuing the battle he fought to raise the states per capita Income.

Hodges calls the half a billion dollars a year North Carolina derives from tobacco deceptive money because, he says, it discourages the farmer from diversification and this (Continued on Page 5)

gained much ammunition to use between now and against it. next months general election; but we seriously ques- The effort to preserve one of tion whether history will indicate the 1962 congres- reat historic Western gains

^onal session was one of significant accomplish. S raX. ra'SS

All Beat Down

By Motherhooc,

By JOHN ABNEY

The Daily Reflector

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MEXICO CITY Nothing leaves you so limp as motherhood, unless it is seeing Dick Tracy in a corner being snot at from three directions.

Everything in you feels like it is screaming and you go around absolutely furious no matter what. And of course, this condition requires a tremendous amount of understanding and compassion.

So the other day when I was looking out of the window Mexico City buzzine around us, the Lady from Puebla said, "Sweetheart. . .

I dont have a cent so you might as well call me what you usually do. I told her.

Oh it isnt that. she answered sweetly. I still have something left from the peso you have me for Christmas. Its that I couldnt help seeing you were a little irritable during my pregnancy, Smashing furniture, kicking doors open and throwing the children out of the windows. A wife notices these little things What do you expect? Being a father over and over and over for more than twenty years isnt any fiesta.

So she said, Well, I know its awfully hard and I was thinking why not drop'by to see my aunts gynephoblst. Dr. Blott?* And as a matter of fact, why not? We always talk things over with Dr. Blott. He has that touch of samatarlanism that soothes the most troubled soul. A marvellous office with two couches in the center and purple velvet drapes hanging from bra.Sf rods over the windows Also, he has been in Mexico 36 years and doesnt speak a word of Spanish.

You lie on one couch and Dr. Blott lies on the other and you play checkers while the talk goes on.

What is It, this time? he askdd, making the opening move.

Wc had another baby . The doctor got up, took a tranquilizer and lay down again So what else Is new?

"Well, you know my wife. During the pregnancy it was tamales at 2 a.m. and peaches out of season. The last month, she moaned and tunied so much at nights I couldnt sleep.

The doctor nodded understand-Ingly, Motherhood is murder on fathers. How is it now? Worse, I admitted. I come home from a harsh day at the club and she is running around sloppy, fixing bottles and washing things.

A wwnan should be aluring for her husband, the doctor said.

"And she gets mad if I throw things at her when she wakes me up nights feeding the baby. But you know women are horribly inconsiderate at times he said moodily.

"Also, there are times when I cant concentrate reading the comics because the table creaks while she is ironing. ,

"Who could stand all that? Now she thinks Im eccentric because Ive been sleeping in the bathtub the past few nights. I do it because I get wet diapers in the face every hour. The doctor nodded. A perfectly normal reaction. Have you talked with anyone else about this situation?

I nodded. The garage mechanic who wires the back wheels on my car every week when they fall off. He said it was too much.

It is! shouted Dr. Blott. upsetting the checker board. "You simply have to get away and rest for a while. The v/orld is in a social menopause and expects too much of men. Finally, the doctor was so unnerved he decided to take a vacation too. Just listening to what I have to live with. And we are driving down to a quiet ' place on the ocean where they serve you coconut martinis while you relax In a hammock and study the scenery on the beach.

Naturally, the Lady from Puebla is peeved about this. Like the doctor says, you cant expect anything else from women.

from Moscownow hangs large-report.

The paiallel effort to assist the greatest single gain that the West could hops for within the Communist worldan enlarging split between Moscow and Communist China-hangs on the same slender thread. For Yugoslavia is the admitted symbol of division between them.

It is precisely the independence of Tito that the men of Peking cannot take. A strong condemnation of Yugoslavias brand of communism, called modern revisionism, appeared in the proclamation of the Peking regime last week celebrating its 13 years In power. These references were edited out of the text published by Pravda.

This is the apple of Communist discord.

Unless the House yields, this apple could be removed by a Congress which anti-Communist and devoted to pressing the cold war. Doe.s the Congress wish to help patch up the differences between the two great Communist capitals? Does it wdsh to reunify its badly divided opponents?

away from Moscow and encourage it to remain^ a rebel independent, and aftef it has reached the high level of 70 percent of its trade with Western countries, the invitation is to be revoked. For to remove this clause - woaid- *riee>" a ^ tosur-

mountable barrier to Yugoslav trade with the West.

As one correspondent from Belgrade put it, If both the United States and the West European markets (the latter) through formation of the Common Market) are barred to the Yugoslavs, they would have little choice except to turn eastward to the Soviet bloc for aid and trade. In addition, Mr. Khrushchev would have a larger base of support for his Com-icon trading group in fighting the Common Market, and more support for his threatened treaty with East Germany which Ls causing so much concern in Washington now.

Soviet President Brezhnev Is just completing a state trip to Yugoslavia to pick up whatever pieces Congress drops.

We can only believe that congressmen honestly wishing to oppose communism, as they surely do, must somehow fall to understand all this if they vote to help communism in so many important ways. We urge them to reconsider and to think the problem all the way through.

States; nor shall any State deprive any persmi of life, liberty, or property, without due process of law; nor deny to any person within Its jurlsdicti(Mi the equal protection of the laws.

The Governor of Mississippi functioned under the Tenth Amendment; the President of the United States under the Fourteenth. This c(Miflict haa not been resolved by the Mississippi incident; it has been Intensified. For some areas of the South still live with the memory of the Civil War and the Reconstruction Period when they were, at times, actually governed by Negroes.

Race prejudice is an unsolva-ble human problem. It exists everywhere. It is even practiced subconsciously by those who regard it as immoral, particularly in the matter of intermarriage. It Is an emotional response to difference, to disunity within the family, to socl^J statiire, ib local In some areas, its roots are in history and tradition; in others it is the absurd attitude of those who seek to avoid unpleasant competition. But at the core of the problem is always intermarriage.

This does not apply to Negroes alone. I witnessed it in old China, where northern Chinese resented southern Chinese (The Hans vs the Yangs). It existed for centuries among Jews as Sephardim regarded themselves, without historic justification, as superior to Ashkena-zim. It exists in Harlem where West Indian Negroes regard themselves as superior to deep-south Negroes.

This sense of status will not bb" bMmttd'f biii ti "MiMr subconsciousness by Constitutional Amendments, Acts of Legislature. or the use of power by a President. It is a problem In education and therefore its correction must be gradual. How long is gradual? Anti-Semitism has existed since the Maccabees,

There have been nations which accepted one type of racial mixture but rejected another. For Instance, the Portuguese since the days of Henry the Navigator (1394-1460) accepted Negroes as equal human beings, provided they became Roman Catholics. Spain, which could persecute the Jews and the Moors, freely intermarried with Indians in the New World. On the other hand, Hindus and Moslems have remained prejudiced against each other throughout modern Indian history and are so today. In fact, the whole of Indian sociology is based on prejudice, namely, the caste system.

One does not need to justify what exists. It is only necessary to understand it. (Continued on Page 5)

By ROGER BABSON BABSON PARK, Mass. There are three prominent classes of stocks being talked " about today: Cl) the old-line in- vestment stocks. Included primarily the Dow-Jones Industrial Averages thirty stocks; (2) the speculative electronics stocks; and (3) a class which J consider growth stocks, which group I would like to discuss today.

WHAT IS A GROWTH STOCK?

Unfortunately, the general public tends to misunderstand the term growth. As a result, it Is often misused. For example, many people confuse real growth issues with the more transitory glamor situations. The sad part of it is that the growth label is most often misapplied during the latter stages, of a bull market when stocks ar overpriced.

A real growth stock Is one which has a proven record of Increasing profits, sales, and dividend payments. Let me stress that true growth must Include rising trends in both sales and profits. An increase In sales without a commensurate rise in profits is usually a sign of keen competition, cost squeeze, and-or inefficient managements. BASIC GROWTH FACTORS Growth is the result of a combination of factors which enables an industry or company to increase Its sales and profits iver a period of years. One of the fundamental growth forces is population Increase. This is the basis of potential dern^dl for goods and services. Hofwev-'' er, as India, China, and son^ other natiMis'demonstrate, pip chasing power must grow aloi^fif with population if an effective demand is to be created. When population growth outstrips the rise in purchasing pbtVfer, the

result is more likely economi(J stagnation and increased poverty.

Technological advances con-titute another vital growth force. This Is quite obvious at the present time because of the great Interest in science. In the form of automation, for example, technological a(3vances can raise the level of productivity and lower production and distribution costs. The resultant increase 1 efficiency can do much to promote growth. Scientific breakthroughs and new inventions create improved products, which in turn create employment and investment opportunities. Remember, however, that while scientific prog r e s s opens up new vistas, it can also stymie the growth In certain existing fields because of obsolescence and change. In a sense tbls>ifTsdi)d6o( New-, ' tOf's Law SSia

tion!

HOW TO RECOGNIZE GROWTH STOCKS

Selection of growth stcxiks Involves considerable judgment because indiscriminate purchases can be very costly. Many factors must be carefully weighed. Without getting involved in the more technical detas, I suggest use of at least the following benchmarks when choosing growth stocks. Look first for a better-than-average record of increased sales and profits, of around 5 per cent a year for at least five years. Allowances must be made for interruptions in the growth trend due to recessions, strikes, etc., but growth 4ocks^usuaI[y b o^u n c e

backs. Most growth companies plow back a substantial part of each years earnings. This builds up future earning power and allows for internal financing of future expansion.

I personally pay close, attention to companies which are strong cxi research and development work. This is an indispensable key to continued growth and a bulwark of defense against competition. I also try to select companies which have the inside track, in terms of patent rights, trademarks, mineral rights and reserves, and location. IMPORTANCE OF TIMING During the recent market slump, the so-called growth issues took a fearsome pounding. This emphasizes the need to be patient for worthwhile buying points, as well as to be patient for the growth to occur. At this juncture, a good deal of the froth has been taken off the price of st(x:ks. While some further decline may occur, barring (Xiba, an increasing number of growth issues are becom-(Continued on Page 5)

'individuality In Choice Of Cars

By ELMER ROESSNER

There are now 4(X) models of 1963 autos on the market and there will be more before 1963 arrives. There are at least 75 paint colors used, and an endless number of buyers options, ranging from automatic or manual transmissions and six-or eight-cylinder motors to fabric or vinyl upholstery, again in choices of colors. There are many other options.

The number of permutations is phenomenal, running into the multi-millions.

There are so many that no one in America need have a car exactly like anybody else. Americans may have to live in homes or apartments exactly like the family next door; they may have to buy identical suits and dresses, read the same newspapers, watch Identical television shows and think alike in politics or religi(Mi but,, when it comes to autos, they can be individualists.

1BIJYERS ARE BOSSES

If this is madness, why does it continue? Some dealers scream that they are being

forced to carry high inventories. Manufaxiturers engineers

talk about econ-

and designe omic waste.

Everybody is confused but the customer, Lee A. lacocca, head of the Ford division of the Ford Motor Co., told dealers. Thats his way of saying that if customers want variety, theyll get it. Other auto companies appear to feel the same.

I visited one dealer the day our 1963 line was introduced. he told me. He had sold 31 cars. I ran down his list of sales. If there had been a heavy concentration of Thunder-birds, or Fairlanes, I jvould have seen we had made a mistake. But the 31 orders were for 31 different models out of our 44.

The same is true in trucks, he said. Two-thirds of the trucks now produced are special order jobs.

REASONS WHY

lacocca, 37 and built like a football player, has degrees in engineering from Lehigh and Princeton, but confessed he

might need degrees in pcsy-chology to know all the reasons why the public demands choice. But he knew the basic ones, he said.

Foremost, he said, is the increase in two-car families, now around 11 million, and in three-car families, now about 1.3 m-Uoii.

There are almost never identical cars in two- or three-car garages, he said. To rationalize a second car, families consider other uses and this leads to different cars: a luxury sedan and a compact in one family; a station wagon and a two-door in another.

Another reason is the population explosion, with all those war- and post-war babies now arriving at licensing age. They want youthful cars they can afford and enjoy. They want variety: gearshift sticks on the floor, countless accessories, lacocca said.

However, most of the new drivers want cars around $2,0(X) that can be paid for over three years. While this limits them, in the ncw-car market, their demand keeps the used-car mar

ket strong, increasing trade-in values and encouraging older drivers to turn in their cars on new models.

A MILLION BUCKET SEATS

lacocca said that the drive for individuality in cars had resulted in a high demand for bucket seats, are buying a million a year, he saidspend-* Ing $100 million just for seating comfort and having a slightly different car. They are paying millions more for stick gear shifts, for manual gear shifts instead of automatics and for other options.

In fact, 45 percent of his dl-vlsi(His cars are still being made with clutches. There is still so much interest in manual shifting that Ford has developed a synchronized manual "Standard shift, with which drivers can shift from high to first without stripping gears.

So the public gets what it wants, but not without costs, lacocca said that recently his division passed the 10,000 mark in unique parts It must buy and keep on hand for its 44 models and its many trucks. Thats lot of inventory..

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