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THE CHRONICLE
Strives To Be A Clean
Newspaper, Complete
Newsy and Reliable
. i •
Clinton
If You Don't Read 1
THE CHRONICLE
You Don't Get the Newt
Volume XLIX
Clinton, S. C, Thursday, December 29, 1949
Number 52
A Chronicle Feature H
BUSINESS AND FINANCIAL
OUTLOOK GIVEN FOR 1950
Noted Statistician Says Volume of Business Will
Be Less Than in 1949, With No Decrease in Taxes.
Real Estate Situation Uncertain.
1950
IN A
NUTSHELL
General Business
Off
5%
tures
Off 15%
National Income
. Off
5%
Building and Construe-
Farm 'Income
Off
15%
tion
Off 7%
Bituminous Coal
Up
5%
Natural Gas
Up 5%
Anthracite
Off
5%
Foreign Trade No Change
Crude Oil Products
Up
5%
Airline Passenger Miles
Up 5%
Steel Output
Off
5%
Military Activities, in-
Automobile Manufac-
eluding Aircraft
Up 20%
Retail Trade (Dollar Volume) Off 3% to 10%
1. The total volume of business
for 1950 will be less than i that ot
1949, due primarily to the unfor
tunate labor conflicts. Considering
that the innocent consumer will be
the chief sufferer and will be obliged
to pay the bil’s, it seems too bad that
labor troubles should upset the ap
plecart .
Labor Ouuook
2. Even with all the threats, there
will be a few wage increases during
1950. On the other hand, all labor
negotiations take the minds of both
the employees and the management
off their regular business. How
ever, these negotiations come out,
they result in a loss from the stand
point of the country as a whole.
3. There will be fewer strikes in
1950 than in 1949, but there will not
be fewer extended negotiations,
which are very expensive in them
selves.
4. The Taft-Hartley Law will
continue to stand throughout 1950,
allhough many schemes for detour
ing this law will be devised.
5. The great drive against the big
companies will be for pensions and
or for sick and other benefits These
will probably be helpful to the wage
workers and may aid in ironing out
the business cycle, but they will be
paid for by consumers.
6. It is hoped that all parties will
begin to realize during 1950 that
the real road to national progress
is through increasing production and
greater efficiency. This is the bright
light we see in the labor situation.
Commodity prices
By ROGER W. BAB SON
14. Farmers will continue to work |
to hold present subsidies. It is popu
lar to criticize the vast amount of
crops which the Government owns
or is making loans op, but this sur
plus in storage may be a great bless
ing when the next crop failure or
war comes.
Taxes
15. The federal budget will be in
creased during 1950 over thart for
1949.
16. Over-all Federal Taxes will
not be increased during 1950 and
there may even be some readjust
ments to encourage venture capital.
Moreover, some of the nuisance tax
es may k be eliminated or reduced.
17. The iong-term capital gains
tax of 25% \^ill remain unchanged.
18. There will be many increases
in local and state taxes, and more
reaching for relief by “sales" taxes or
other forms of raising needed funds.
ReUil Trade
19. Goods on counters will be of
better grade in 1950 than they were
in 1949.
20. Markdown sales will continue
during 1950 as consumer spending
slackens due to a decline in employ
ment and other factors.
21. The dollar value of all retail
sales in 1950 will be moderately
downward, and the unit volume of
retail sales will also be less in 1950
than in 1949.
22. Less will be spent on new
building and equipment by storse
and factories during 1950.
23. Our exports will be down dur
ing 1950 and ouf imports will be
Here we are again with the sun rising upon a brand-
new year. Our entire staff joins in wishing everything
good for our large family of readers and customers in
1950.
THE CHRONICLE
“Your AAA Family Newspaper” 1
Hopewell Farmers
Increase Cotton''
Yield Over 1948
Clinton Masons'
Name Officers
For New Year
The 38 farmers of the Hopewell I Campbell Lodge No. 44, A. F. M„
community planted approximately ! 0 ^ this cit /- has elected the following
i .. 'cffLcers to serve during the year
2198 acres to cotton this year and j 95 q.
increased their yield of lint 27.3 i S. C. Chaney, worshipful master;
pounds per acre over 1948 production Marvin DeYoung, senior warden; J
RAPID CHANGES
MADE IN SOUTH
DENOTE PROGRESS
Educator Tells Charles
ton Group This Region
No Longer A Remote
Province.
Charleston, Dec. 24—A tremen
dous spiritual change in the people
of the South during the last 20 year,
is the cause, rather than the effeet,
of a change in the land, Dr Boylsto:;
Green said last night.
Dr. Green, vice chancellor (presi
dent) of the University of the South.
Sewanee. Tenn., adderessed the 130th
annual banquet of the New England
society, at the Francis Marion hotel
“The rehabilitation of our land,
development of our industries and
$2„212,080, with the 6,777 buildings] adjustment of social relatioon-
on the rural lands returned at $i,J
263,265.
In the urban areas, 5,394 lots have
a total assessed valuation of $500,250
with 4,537 buildings assessed at $1,-
421,525.
Other comparative figures show
that the real property in the county
has an assessed valuation of $5,397,-
120 as comoared with $5.364v490 last
vear, and the personal property was
assessed at $5,225,220 as compared
with $4,774,835.
Poll taxes this year amounted to
$8,003 against $7,836 in 1948.
Laurens County
Taxes for 1949
Are $453,220.58
According to County . Treasurer
Sam M. Leaman, of the $453,220.58
due in 1949 county taxes, about
$275,000 had been paid thus far this
month. The first penalty is not due
until January 1, he said.
The county's head and personal
prooerty has an assessed valuation
of $10,622,340 for 1949 compared to
$10,139,325 for the 1946 total, show
ing an increased valuation of about
$500,000, while this year’s tax bill is
approximately $50,000 above last
year’s total.
This year’s report shows 8,573 mo
tor vehicles in the county with an
assessed value of $1,032,215, also,
3,281 mules valued at $98,235, and
439 horses assessed at $10,975.
Corporation properties for 1949
are assessed at $2,982,010, the 419.380
acres of farm lands are valued at
3,000 Wild Rabbits
Bought for County
For Restocking
ncr »crp throuirh A rommunitv wide H Hughes, junior warden; F. M. Bo- ,
per acre t rougn a community ae , ariH v r> Adair, se cre- been bought for spring delivery to be
boll weevil dusting program. The
community averaged 420.6 pounds of
lint cotton per acre in 1949 as com
pared to 393.5 pounds lint cotton per
acre in 1948. This yield compares
with Laurens county’s average of j
7. Movements in cothmodity prices up during 1950—comparing both
duiring 1950 will vary with different with 1949 This wi n partly be ac-
groups of industries and of products,, counted for by the devaluation of
but altogether there will be a gen-| the English Pound and other for-
eral lowering during 1950: eign currencies.
8. We, therefore, advise going easy, 24. Foreign credits will continue
on inventories. 1950 is a time to granted during 1950, but some
get out of debt and stay out of debt. I these will be direct by American
Speculation In commodities should business firms and investors. If our
land, treasurer; V. P.
tary; O. C. Lewis, senior deacon; J.
M. Bouknight, junior deacon; S. D.
Dawkins, Jr., and C. F. Dunnaway,
Jr., stewards; Durward Murdock,
chaplain, and B. W. Holtzclaw, tiler,
„„„ , ,, , . . New officers for the William Plu-
320 pounds lint cotton per acre in ! mer Jacobs Chapter 54, R . A . m., are:
19 11' , * .U u „ K. F. Mills, high priest; C. W. Bridg-
The farmers of the Hopewell com- es Wing . j Karl Johnson( scnbe; F
munity were called together for a' M Boland treasurer; v p Adai
meeting by the county agent in early , secr s c Ch CH Marvin
spring and the community wide boll; DeYouns? pg. E R Knox RAC - j
weevil contro! program was discuss-, M DeYoun g t „ M 3v : j E Turr> M 2 V ;
ed. The farmers of the community! Durward Murdock M1V James s
Three thousand wild rabbits have
voted to try such a project
Clemson college extension service
furnished assistance in making
weekly boll weevil infestation counts 1
on the individual farms of the com-
Simpson, sentinel.
Musgrove Council 40. R. and S. M.
'elected: K. F. Mills, IM; J. K. John-
be discouraged in 1950.
9. We belive that the cost of living
government will get foreign govern
ments to agree that such investments
index has^turned down for the pres- wR j exemT >t from any new tax
ent. The average for 1950 will be | or 0 ^her legislation by the foreign
less than for 1949. ! country in which the investments are
10. Practically all retail Prices | made considerable progress would
will average less in 1950 than in be noticeable along foreign trade
1949, notwithstanding the excess of| channe i s
money mentioned und^r 27-28 and 25. American investments will
29 below. have more competition from foreign
Farm Outlook j pr0( j uc ers of raw materials and of
11. The total farm income for manufactured goods during 1950
1950 should be less than that of 1949, j than they rad during 1949. This will
which means lower prices on the,benefit some American concerns,
average for wheat, corn, pork, poul- b ut be harmful to others.
try, eggs and certain dairy prod- 26. Fear of war with Russia will
ucts. Farmers should diversify more continue during 1950. World War III
in 1950, get out of debt and put win come sometime; but it will not
their surplus money into savings,
for the next crop failure.
12. The supply of certain canned
vegetables and fruits (except citrus)
should be greater during 1950 than
at the same time during 1949. The
start during 1950. Those in large vul
nerable cities should use these years
of peace to get some small farm or
couptry home to which they can go
in case of w’ar. Such places will be
almost unobtainable when war ac-
prices of these products should fall tually comes
off, barring some weather, insect orj Deficit Financing
blight catastrophe. ' 27. The supply of money will be
13. Poultry and dairy products will increased during 1950, but the price
especially increase in volume during 0 f government bonds will not change
1950 with prices averaging less than mU p b 0 ne way or the other during
in 1949. ,
TELL IT TO THE
WORLD IN 1950
The first rule of salesman
ship is that if you have any
thing to sell," don’t keep it a
secret. Tell it to the world!
That, in Clinton’s trade area,
means to advertise it in THE
CHRONICLE. Every week this
paper goes intp the homes of
the residents of Clinton, West
Clinton, Lydia Mills, GoldviUe
and the rural sections of this
community where your pros
pective 1950 customers reside.
The more people you tell,
the more you will sell!
What your old and new cus
tomers read and see, makes a
lasting impression.
The most successful Clinton
firms in 1950 will be those who
through effective advertising
tell the baying public each
week of changing prices, what
they have to sell, the values
they have to offer, the services
they are prepared to give.
Advertising in THE CHRON
ICLE brings customers to your
store.
s^n, DM; Marvin DeYoung, FCW;
„ . ... |F. M. Boland, treasurer; V. P. Adair,
munity. Each week the results of the | secr Durward Murdock, CG; S.
infestation counts were mailed to c Ch c w Brid stew _
each individual- farmer of the com-| ard £ R Knox sentinel .
munity for his information. m
There was an average of 4.6 ap- j. 1 k L.A I J
plications of dust used in the com- Mr$. A. M. L*0p6land
munity. BHC-DDT dust was used L 0SeS Her Sister
throughout the entire dusting period.
The average date dusting began for | M » M ConeIand ~ of this citv
the community was June 22. The av-! a . r p s a ,A, ^ r. P
erage date dusting began for the of the death of her
sister, Mrs.
county was July 1 with the average, Char 1( , s B A1 , widow o( charles
number of applfcations ot dust tor „ An s whifh ^ T
the county being ,our ' .. ,day night at the Baptist hospital in
• , T 8 uVi, ! h y ,hVno! Columbia. She had been in declining
jeot, it was definitely shown that not t h
only was there good boll weevil con-. . , , , . /
trol but also the house fly and other s r ~ v y ■
insects were reduced to a minimum, , Fun '”' 'f rv,c « "' e , re . ducted
Farmers ot the community used <' 0 ™ J he CUo . P^byterian '* urch
tractor dusters and airplane dusting, L 1 *' a J mor uing.
, ' The deceased is survived by two
K/aii daughters, Mrs. B. F. McLeod and
The commumn.ty wide boll weevil M H B Goff ^ Cli fi
control program as conducted in the| c _ arles B A11 ’ of Tennessee J
Hopewell community was the first ^. narles 4 ,, e , V
such nroiect attemnted in the Pied-1 S:mpson Allen of Atlanta < Ga - J -
P ™ TF ic ^» rfnilIinn raf I Ellyson Allen of Charleston, H. Cop**
mont area. It is the opinion of sev- , , .,, , *, j r. n j
l ‘ an d A’.len of Alabama, and Rutledge
eral farmers of the community that I _ .^
dustin* should have started sooner in; F A»en ot Charleston; 16 grand-
order to have controlled the flea hop- ' ! ’‘ ldren - SCV ?D great-grandchildren;
per, which knocked oil the early sls ' e ”- M F* Copeland of this
shapes before the boll weevvil could !?">;• and , Mr! H , arl f,. e Branch *
attack the shanes -lanta; and one brother, Dr. T. Elli-
U k ^ hp ^ .son Simpson of Society Hill.
released on Laurens county farm
lands for restocking purposes, it was
stated ■ the past week by County
Game Waxden Garvin B. O’Dell. Mr.
O’Dell said that the purchase was
made on the authority of the delega
tion in cooperation with the state
chief game warden.
He said he would announce the
method of release at a later date,
saying that the plan will be to put
them where they will do most good
and stand the best yhance of sur
vival.
Noting that the season for hunting
doves opened last Thursday and re
mains open through January 6, he
-ailed attention to the fact that
'hooting may be done only in the
afternoons, that automatic and pump
^uns have to be plugged to hold not
more than three shells, and that the
’aag limit is 10 doves per person per
ships have made the South no long
er a remote province in the Ameri
can commonwealth, but an Integra,
part of the economy. The South, by
its activity, like a magnet is attract-
The capital and people,” he said.
Dr. Green, who left his native
Columbia some 20 years ago fol
lowing graduation from the Univer
sity of South Carolina, has had an
outstanding career as an educator in
New England schools. He resigned
as president of Emerson college thr-.
year to accept the vice-chancelloro-
ship at Sewanee. He is the first
head of Sewanee who did not attend
school there.
“The South of olantation days;
with its economy based on slavery
and a single crop, made itself a
forbidden land," he declared. “Un-
refrefreshed by succeeding tides of
information, it became static and
was isolated as if it were surroundec
by a Chinese wall.
“Following the abolition of slav
ery. the terrible Reconstruction days
left,a legacy of poverty, i ’ertia and
psychological depression. . . .
“Even during the roaa.ing boom
of the 1920s there was liR’e- opopr-
tunity in the South for a-young man
Economic security was a thing un
known. The South was a land con
sciously on the defensive, attempt
ing to live in a glory which might
have been before the ‘w^r.’ but cer
tainly not within the living memor;
of anyone known to a youth of 2i'
years." 1
He contrasted the tremendou>
changes, culturally, socially and psy
chologically which have ooccurred L
his absence.
"The best of the Southern way-
persist, of course, but all of those
aspects of life have been relegate!
to their correct positions. The sym-
day.
Quail appear to be more plentiful j bol of the South no longer is the ele-
in the county this year, but rabbits | gant cavalier. It is the brawny
eem 19 be rather scarce in some young man, a gleam in his eye, con-
parts of the county, he said.
1 He also called attention to the law
which provides that hunters be-
tween the ages of 14 and 65 years
'hall buy hunting licenses and men
tioned tnat they are on sale through
out the county, principally at filling
station and hardware stores.
1950.
y 28. In addition to the anticipated
federal deficit, the $3,000,000,000|*be-
ing distributed as insurance refunds
to veterans will be mostly spent.
1 29. Congress will not change ,the
price bt gold during 1950.
| Stock Market
I 30. Most stocks will work up and
down in about the same range dur
ing 1950 as during 1949.
3i. Stocks of companies with assets
mostly in natural resources, known
as inflation stocks, should have the
greatest demand.
! 32. There will be more investment
buying for income during 1950 and
utilities and companies making la
bor-saving machinery may be more
popular than other industrials or
Vailroads. .
! 33. The wisest investors will keep
l a fair amount of their funds liquid
throughout 1950 pending the great
! break in stock prices which will
j come someday.
Benda
34. High-grade taxable corpoirate
i bonds bearing low coupon rates
! should continue at about the same
: prices during 1950, but of course,
Hhey will sell for much lower prices
when money rates increase.
35. 1950 will see a further fading
off in certain tax-exempt bonds due
(Continued on page two)
1950 City Licenses
For Business Firms
Due In January
The 1950 business license ordi-
fchools To Reopen
Following Holidays
The Clinton city schools, white and
colored, will reopen next Monday
- , , . "orning following the holiday pe-
oance as passed recently by city r j od
council, contains only a few minor i p re s hyXerian college will begin its
changes. It appears in The Chron ' new work next Wednesday morning,
iple today for the information of local -
All licenses become due on or be- NEW SUBSCRIBERS
fore January 31, 1950. After J a nu-[UQMQD DQII
ary 31 a 10 per cent penalty will be
added on unpaid licenses, with final i
action by the police department Feb- 1
ruary 15 against firms or individuals
doing business without a license.
265,000 County
Acres Are In Trees
—
According to Forest Survey Re-
ease No. 28 published April 15,
1949. by the South Carolina Stat^
Commission of Forestry, Columbia,
in cooperation with the Southeast-
1 n Forest Experiment S t a ti 0 n ,
Asheville, N C , Laurens county had
a total acreage of 265.000 acres
olanted to trees in 1947. The records
r urther show that the county, had in
1947, 433,000 cords •pf cull trees that
may be used for fuel wood or pulp-
wood.
On account of the short cotton crop
this year, labor used during the win
ter months cutting pulpwood could
supplement farm income and greatly
improve the timber stand. All cut
ting of saw timber or pulpwood
should be done on a selective cutting
That is, cut out over-crowded trees,
trees with forked or broken out tops,
trees crooked or diseased. There is
just as much reason to proper thin
ning of trees; leaving the strong
healthy ones as in thinning cotton or
corn. Such plbnts have roof systems
aid feed from the soil.
‘ident and capable, conscious and
reverent of the past but with his
i‘ace turned to the future.
“Today the South, having con-
lue ed the effects of Reconstruc
tion’s devastation and deterioration
is equal to other sections of the na-
Mon. To harvest resources she wel
comes with open arms'new people,
new activities and new* ideas.
'With the restoration of our land
and of our people, we now havet 3
better mousetrap aljjd the world 1
beating its way to bur doors. Yet.'
with all. we are true to our past.' '
“Our moonlight is as bright, our
magnolias, as sweet but, fortunately
we look ^on the moonlight only
at night and we do not sniff mag-
nol as during business hours.
“Even the literature of the South
has changed. No longer do the
Caldweils and Faulkners represent
the South in the nation’s book-stores
Today we have 1 developed writers o’
haracter who are telling the story
of the South in its entirety. Such
books as “Strange Fruit" will contin
ue to appear, of course, because
ther always will be writers who
write onl> for sales purposes.
In contrast, however, we have
v^fit&rs such as Charleston’s own
Josephine Pinckney, whose stone>
are not founded on backwash of the
land."
Start the New Year right by hav
ing THE CHRONICLE come into DeleQatlOII To Hold
vour home for the 52 weeks of 1950.
Public Meeting
Good Christmas
Business Reported
You will enjoy it, and noayhere can
you get so much for so little — the
( cost is less jhan 4c a week. All sub
scriptions payable in advance.
Welcome and thanks to these new
I subscribers 00 our Honor Roll this
Clinton business closed for Christ- week:
mas and remained closed until Tues
day morning. A quiet holiday season
was reported in the city.
On Saturday the streets were
crowded with men, women and chil
dren doing their last minute shop
ping. The peak of Christmas business
came the last three days, Thursday,
Friday and Saturday. Several mer
chants interviewed said that there
was heavy buying, the volume being
as good or better than last year.
V
Miss Louella Jones,
Atlanta, Ga.
MRS. METTA STONE,
MRS. HUBERT OWENS,
- MRS. W. DON COPELAND,
BEN HAY HAMMETT, ''
* MRS. H. F. SCOTT,
Clinton.
P. W. MANLEY,
* Joanna.
MRS. H. H. DALTON,
Lydia Mills.
It was announced yesterday that
the Laurens county delegation to the
general assembly will hold an open
meeting Monday, January 9. at 10
o’clock in the court house.
The meeting is being held, the del
egation states, to give residents of
the county who may so desire an
opportunity to appear to present or
discuss any matters regarding the
county for the coming year. The
meeting will be open to the public.
Miss Irene Workman is visiting her
brother and sister-in-law, Mr. and
Mrs. Claude Workman, in Marion,
N. C.
KELLERS WITH SADLER
Df. Frantf 1 Kellers, who retiree
from the drug business four years
ago, is now associated with Sadler-
Owens Pharmacy in their pharma
ceutical department.
FOOD....
Is An Important
Item With Housewives
You will find helpful Gro-
eery and Market News in THE
CHRONICLE eve ‘y week from
leading food stores in the city.
Read, the advertisements reg
ularly — they tell you about
changing prices each week and
where you can supply your
needs and buy to advantage.
T