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Show THE SERVING fi m n? ro ifi uj ish in by the LEADER PUBLISHING COMPANY, Inc. on TJiureJay aftcrncx)n, for Frid.iy Distribution Published SUBSCRIPTION RATES (in advance)$2.30 per year Entered t the post offke at Trcmontnn, Utah as Second Class rrutte October 15, 1925 under act of March A. N. RVTTING, Editor-Publishe- 3, 1879 r How's Business ? By: Roger W. Babson DIVIDEND - PAYING STOCKS w Th Members of Senior Class, 1950, Bear River society is constantly torn with bitter internal strife, one group against another. Under such conditions our economic progress slows down and the moral character of our nation is J ; I M iamuiciavu mrmrm mr dim-inkhe- 1 N ; 1 JO-JV- i : . ''V bor and management are identical. Employees of a business or industry always have a moral right to request an increase in pay when there is increased productivity for wh'.ch they are Social responsible. directly justice gives them the right to request it. though not to force it. Under the capitalistic prin ciples of private property and no minority free enterprise group has a right to take by force the wealth of another, or Jvi i C j il j jj x 1. :, il i:0 ; . r i'. h 1 1 r I? I S - t 'I ( ' li Yi 4 I 'I j . r - " - . Jf. S h II 0 .J I i I T-- es jIL..i Dow-Jon- 1 I '. Dow-Jon- lUMt If One of the worst blights in America today is the conflict which propagandists have built up between employers and em ployees. This war of group group is actively agitated against h: and other rad Communists by ical elements working for a "New Social Order." But the Socialists and Communists couldn't create enduring successfully strife between these important groups in our American population if both gToups had a knowledge of basic sound economics and real social justice. Social Jusice Only Decrees The true interests of both la- dend-payin- g. 11 . j j When the stock market gets stocks as In a high zone, many are today, the chances of further " PtaiiaitHtritit Ctlltf percentage rise increasingly Sctrtf. Jitktuit The risk of holding for becomes RIGHTS AND SOCIAL JUSTICE further appreciation reverse of sudden Also a greater. the market might wipe out the There are many factors work profit entirely in a very short ing against continuation o f time. Under these conditions American for the in shrewd investors are now trim dividual andliberty one of the most ming their sails and strengthen dangerous is the antagonisms ing their investment position by between groups of Americans in effect impose taxes upon holding: only conservative divi themselves. We cannot fight l others. g stocks. There are an enemy effectively against Wage raise requests are just, many stocks of this nature that within or from without if our therefore, when the employees have unbroken dividend records , . themselves have to 100 as boost back as far helped years. running , , They decline in price with a gen- reflects this tendency of the in productivity and, thus, company eral decline in the market, but vestor to a more conservative income. Though social justice that does not worry the holder position in harmony with present may in some instances decree that they be given a share of as he gets a good return and financial and international ; . knows that these stocks will reprofits or wealth they didn't help cover in the next This The List is com create, they have no moral right to demand that. The Socialist comment also applies to Invest- posed of these better grade stocks ment Trusts. which have advanced. The doctrine, on the other hand, does L.-.- ,.A There are other factors operat chances are that these conserva not recognize the principle of L . It private property. dividend-payingives everyg stocks may ing to increase the desirability of tive Duane Adams Dean Anderson owning conservative dividend-payin- g work higher barring a sudden body the right, by force of law, Fred Abel stocks at the present break because Investment Trusts to participate in the fruits of Omar Anderson Robert Anderson Hazel Archibald time. The "PrudentMan Law" buy them liberally. Pension funds the production of everybody else JoAnn Bowcutt Kent Brough Cleo Bunderson becomes effective in New York also have a backlog of common That is the essence of Socialism. Gerald Castleton Maxine Castleton Sam Chournos State July 1, 1950. It enlarges in- stocks. The New York Stock Ex- Investors Have Rights Too vestment powers of trustees to change's advertising campaign is People who invest their savings invest 35 of funds in stocks stimulating the purchase of (capital) in the establishment or "Economic Democracy," and "There is no problem in human and bonds not presently on the equities by an entirely new and operation of a business have ignoring the fundamental rights reiationsnips so complex or so legal list. This may have a group of investors. The keynote the right, under the American of the business ownershin can grievous that it cannot be solved bullish effect on the better grade of this article is to stress income system, to keep the profit The never be harmonized with the reasonably, if men of character, common stocks. The and conservatism. The Dow Jones only moral obligation on them philosophy of American capital men with a sincere desire to ism or real human justice. These Industrial Average, which is Industrial Average, however, is to acocrd Just treatment to cooperate in mutual confidence, composed mostly of high grade should not be considered as a the employees and the public, are fundamentals: (1) The en- will sit down together around stocks, has advanced over 50 true measure of the stock mar- Social justice decrees, further. forced sharing of wealth is the conference table, each repoints since June of 1949. This ket as a whole. that they reward the employees Socialism rezardless of what specting the rights and dignity label it may be riven. (2) The properly of the other, and all produc by voluntary to sharing of wealth is the will to serve theinspired But do or not to do tivity. common an American this is a prerogative of human capitalist (and good." rights. When, or if, an attempt Christian) ideal which has been That's a good statement. It is is made to establish this econ-- ! liberally exercised. (3) And rein contrast to one made a few omically and socially sound code ward measured upon the base of weeks later by Emil Mazey, or by any productivity is economically and ary-treasurer by force of law of the United sound. morally force real social justice is thereAutomoble Workers, in a speech upon violated. Contrasting Principles to Chrysler strikers. He was Therefore, the demand of Souave Beck, leader of the Inas saying: "When we quoiea cialist or Communist propagan- ternational Brotherhood o f grow a little stronger we will Pinpoint dists for a share in the profits Teamsters, Chauffeurs, Wareof a business solelv on the hasis ' housemen and HelDers of Amer demand all that we produce." Chenille on This goal ignores the rights and of their "Social Justice" ica, said in a recent speech: dignity" of the investors who up-swin- High School VALLEY RIVER BEAR Tremontoa. Utah LEADER THE Verl Anderson Lou Jean Ballard !lJ.j:Li0!. 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