The Yellow Springs American, Volume 1, Numbers 1-22

THE GREENE COUNTY PRINTING CO. Jamestown Journal — 4-9031 Cedarville Herald — 6-1711 Yellow Springs American —- 7-7740 GERALD H. C O Y .......................... ........ . Publiaher SulMcriptlon rates $2.50 per year In Greene, Clark, Montgomery, Fayette and Clinton,. Counties; eUewhere S340 per year. AdverUit- tng rates upon request. False Liberalism Liberalism is one of the greatest and most honor­ able of words. But few words have been so misused and abused. In the light o f that, this excerpt from a recent speech of Herbert Hoover’s is well worth remember­ ing: ’ Tt is a false liberalism that expresses itself by federal operation of business, in competition with the citizen. It is the road not to more liberty but to less liberty. True liberalism is found not in striving to Spread bureaucracy, but in striving to set bounds to it. True liberalism seeks all legitimate freedom, in the confident belief that without freedom, all other bles­ sings are in vain. Liberalism is a force truly o f the spirit coming from a realization .that economic free­ dom is to be preserved.” Who Is Exploited? The June issue of the Exchange magazine carries a significant analysis o f employment and payrolls for 20 large enterprises whose shares are listed on the New York Stock Exchange. Four o f these companies paid an average 1952 salary o f more than $5,000; twelve had average sal­ aries of better than $4,000, and only four fell below that figure. The average fo r the 20 concerns was $4*443, up 5.6 per cent for 1951. The total payroll o f the 20 companies was almost $9,500,000,000— which is the equivalent o f more than $59 for every man, woman and child in the United States, And these 20 companies represent less than two per cent o f the 1,286 companies listed on the Big Board. The critics o f business never publicize facts such as these. They still sing the old, stale song that busi­ ness is run fo r the benefit o f the few a id results in the exploitation o f th many. Luckily for this country’s strength and security, relatively few' o f us fall for that line these days. More and more o f us have learned certain basic facts, One o f these facts is that in the typical corporation the money paid to the owners in dividends is dwarfed by the amount o f money paid to employes-—and in many cases in much smaller than the amount paid to govern­ ment in taxes. Another is that the typical stockholder isn’t a person o f wealth, but a man or woman o f mod­ erate means—-many people today own stock in the companies which employ them. Still another is that widespread stock ownership represents economic de­ mocracy o f the finest and most desirable kind. The Great Dynamic The most promising recent oil discovery in the United States is in the Williston Basin o f North Da­ kota, The discovery is only two years old, but already North Dakota is experiencing an acceleration o f growth comparable to the great boom town legends of history. But the State Wasn’t built on oil and oil alone Will not sustain it, and the people know this. It has tradi­ tionally been farming country, producing grain, Cat­ tle, potatoes, etc, In a recent year, the barley crop alone amountd to $72,000,000, Bo, its economy is set on a solid foundation. The story o f the Williston area and North Dakota is a first class lesson in what competitive enterprise means to the development of a country, In a recent address Dr. Robert E, Wilson of the Standard Oil Company o f Indiana said, “ Many new jobs are being created--not only oi! jobs, but jobs in all the related businesses— supply, construction, transportation, man­ ufacturing and in the merchandising and service trade to outfit and feed and house the rising population. The finding o f the oil will lead to better schools and better roads and all the facilities that a new source o f revenue will provide, "The pH discoveries in America’s new oil frontier will add to the strength of the national economy by increasing our country’s oil reserves and productive capacity,” \ As Dr, Wilson also pointed out, the money that it loos to find the oil and develop it to its present im­ portance ’ ’ wouldn’t have been spent except for the hope of profit— the grate dynamic which has built our country and our industry/' * ■ , ' c „ A f ir H ' •<*»i ’***' mu* %! sr t K , Mr. MERCHANT DON’T QUESS ABOUT THE FUTURE. . 00 SOMETHING ABOUT IT - TODAY 1 If your hu*lnew* Iff «lo\V, u in thnl niid-Aiimmer *lutn|>?—then It’ti time to adverting— 7 Tell folks about your value* in the renult-getting' columns of this newspaper . . . ^ • Ohio’s Most Widely - Read and Most Talked About New Weekly * • Complete Coverage of the Market Area •* Yellow Springs - MOOpapers Jamestown - 600 papers Cedarville -- 550 papers f Easy - To - Handle Tabloid form. No unfav­ orable ^GUTTER” positions for ads * It’s no wonder that this form is being followed‘ by more and more newspapers each year! Your ad gets better position, the reader is more likely to see it and read it than in the standard size paper, The neatness and adaptability o f this size paper is also o f benefit to the reader and advertiser, • Complete Stamps - Conhaim and Meyer - mat services - Talk It Over With Local Ad Man. # • Comprehensive News of ALL your neigh­ bors in one area newspaper. An evenly-balanced news organ covering all factions and organ­ izations of the community. • Lowest cost PER UNIT REACHED of any in this area. Rencli Many New, Potent in] CtisltiiMers Advertise Megtllariy in Y I L tO W SPRINGS AMERICAN JAMESTOWN JOURNAL CEDARVILLE HERALD GOOD ADVERTISING IS AN INVESTMENTNOT AN EXPENSE / ^Prornotkig Com&rmtim Americanism Til Greene , County Pf* vl’f* ft*I !»* m ife* ___. tv */***A**V* v .J- p S <■* V'- ■'**■*. - mm*&*#&»>