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7 Thursday ^November 17, 1960 THE CLINTON CHRONICLE 16 ■ ---- rrrrffrrfrrrfffff j r j. rj -. By SPECTATOR... ^ COMMENTS i ON MEN AND THINGS Our South Carolina State Tax C'onuniMkn has been the subject of a special study by a group of ex perts, It is proper to have investi gations of public offices at inter vals. As I understand, the only ad verse critidam was because of a loosely thrown together organiza tion, but there was no suggestion of wrong-doing. There was an indication of politi cal influence in appointments, with the flarvor of favoritism predomi- ngfing. That, of course, is by no means confined to the Tax Com mission; a more impressive finding would have been the influence in fa vor of taxpayers, discrimination in personal income taxes, for exam ple, if any such practice is known. No one alleges that any discrimi nation is shown against anyone, but that a bit of political influence ope rates in favor of others. A commission which came into being under Governor Richard I. Manning has grown from a small Board of Inquiry into the most pow erful agency of the state. The commission operates on such a vast scale that it must be above reproach. Citizens who feel ^griev ed should take their cause to the courts for redress, if decisions of the commission seem oppressive or at variance with the adjudioaitions m other cases of like order. The recommendations of the in vestigators are sound. • * • A second matter of the state was a study of the Merchants’ Floor Tax. Senator Marshall Parker of Oconee is quoted in the newspapers as having a doubt about the validity of the Floor tax of today. • • * A great savings bank of New York runs a big ad recently that is sound doctrine, the sort of wis dom of a generation ago. ‘Do YOU have what it takes? Let’s face this fact: Saving takes strength of character, determina- iton, sometimes sacrifice. It’s a lot easier to spend aU you earn as Cast as you earn it. But if you earned $1, $5, $10 LESS every pay day, you’d still get by, wouldn’t you? Same thing If you saved $1, $5, $10 regularly. Earnings have been rising faster than the cost of living. Actually most of us earn more today than we did, say, two years ago. Govern ment figures show that money in come—whether from wages, salary, interest, dividends, or whatnot—in creased an average of 3.2 per cent in 1966, 3.8 per cent in 1986 for ev ery man woman and child in the country. In the same period the cost of living went up less than one and one-half per cent a year—that’s less than $150 a year on every $100 we spent. Bad enough, of course, but not a very sound excuse for not saving. These are average figures, which apply so far in 1960 in about the same proportions. You are not average. Nobody is. But here’s a way to check your own situation : If your earnings since January 1, 1958, have gone up more than one and one-half per cent a year you’re ahead of the game, as far as the cost of living is concerned. And one and one-half per cent is only a penny and a half on every dollar you earn, fifteen cents on ev ery ten dollars, a dollar and a half on every hundred dollars Do you have what it takes—to save even a little of your present in come, regularly? How to make at least eleven and one-fourth per cent on part of your pay. Sometimes it seems even easier to spend faster than you earn—by going in debt. Yet if you save up and buy for cash, instead of buying on time, your income will go a lot further Suppose you set aside a part of your pay and save it for a year before you buy, instead of buying 1 Ii C t * S r‘~" r . -I Church Sunday This Series of Messages In Published Each Week by the Following Clinton Farms In the Interest Of Increasing Church Attendance. C-W-S Guano Co. 103 N. Adair St. mm. O • : > v« m SfSgp. ■ I 'jMSi .H * |fpa OlOllK I \~s j Vfi p| sj . I XjGnfc aate TMC CHURCH FOR ALL . .. ALL FOR THE CHURCH THr Church n ihr greatest fat tor on earth for the building of character and good ciluenthip It » • ilorchouie of ipinlual t a hie,. Without a itiong Chufch, neither democraty Mr clvilitation can rurvitre. There are font aound reaaont why t*ery peraoa thould attend temices regularly aad aupport the Church. They ate.j(l) For hi» own take. (2) For hi« childreaVuke. (3) For the take of hi* commonly aad Ballon. (4) For the take of the Church ilielf, which need* hit moral and material aupport. Plan to go to church regularly aad read your Bible daily- Day Sunday Monday Tuesday Wedneoday Thunday Fridny Saturday Book Taaiah PfoTerU Galatians Kpheaiani llTitnothy Mabreua Ptahna Venn I call Bruce my combination angel-terror. Soon he will be four, and he is a fascinating mixture of mischief and goodness. At bedtime, I always tiptoe into his room to be sure he’s covered. Then it is that I am struck by the innocence of his face in sleep. Then it is that I realize how helpless is this small dynamo, who plunges with such boundless energy about our house and yard all day. Then it is that I am struck by the awesomeness of my responsibility. I realize it is entirely up to me to see that Bruce learns right from wrong, to see that he grows into the sort of man who will be a credit to his family, his community, and his country. I must teach him to keep^ steady heart and a level head, to resist the many temptations that will be strewn in his path, to hold honor and truth and integrity high. When I think of my task, I send a small and special prayer to God to aid me. And I thank God for his Church on earth which, for years to come, will be helping me, again and again, in making my small mischief rnto a man. i., > Copyright I960, Kentrr AJ*. Sen ice, Struburg, V« •v' ; : 1 * ^Johnson Bros. Super Market South Broad St. GULF OIL CORP. J. \. Addison, Distributor COOPER MOTOR CO. E. Carolina Ave. NEWBERRY COUNTY BANK Joanna * Western Auto Assoc. Store 118 Musgrove St. IRBY’S MARKET 207 Musgrove St. JOANNA STORES Joanna, S. C. BEACON DRIVE-IN Whitmire Hwy. McGEE’S DRUG-STORE 100 W. Main St. C-W-S GUANO CO^Inc. FERTILIZER 103 N. Adair CITIZENS FED. SAV. & LOAN 320 W. Main St. COMMUNITY CASH . E. Florida St. T. E. JONES & Sons Furniture 200 W. Main St. SUNSHINE CLEANERS Shoe Repair-Shirt Laundry 102 W. Florida YOUNG BROS. GULF SERVICE 212 N. Brand With money you borrow. You will get at least eleven and one-fourth per cent more out at those income dollars. Here’s the way it figures: First, most local savings banks, including all banks, have been pay ing dividends at three and one-half per cent yearly (three and three- fourts per cent total on two-year balances), compounded quarterly. liken, assume you regularly fi nance part at your purchases at the relatively good discount rate of 4.75% a year to buy what you want —and pay off each loan in twelve monthly installments. That means you are paying almost double, or 6Vd%, in true annual interest. (Since you pay off about half of each loan in six months, you do not get the use of all the prinepial for a year. Yet the discount rate is a yearly rate on the full amount of the loan). Now, we add 3'i% yearly divi dends on what you save to the 9 I «% yearly cost of credit—and you are 12%t% ahead—on each dollar of your earnings that you save for a year before you spend, rattier than spend before you earn. Let’s lean over backwards and deduct lVi% for the rise in the cost of living during the year in which you save. O. K., you’re still 1114% ahead. And that’s not hay. But this is conservative. You may be paying a higher discount rate or service charge when you buy on time. Or, you may be paying lt4% a month—that’s 18% a year—on the unpaid balance of your loan Tliis rate may be even higher. The more it costs you to borrow, the more you save when you buy for cash. Do you have what it takes to make 11V4% or more on part of your pay? Here’s a challenge Pick out something you want but don’t absolutely have to have right now. Find out the amount of the down payment and the amount of the required monthly payments Deposit the down payment in a savings account Then, month by month, deposit the amount you would have paid had you borrowed. Before you know it, you’ll have the cash to buy for cash. You’ll not only save the finance charges but your savings will also automatical ly earn regular dividends The same principles apply when you save up and make a larger down payment on something you need now’, but can t buy entirely for cash. Mlany critics say Americans to day, more than ever before, live beyond their means . . fail to look ahead and provide the cost of their children's education ... gamble that they can get rich quick by a lucky speculatibn . . . refuse to be ready for the financial emergencies that pop up occasionally i*i every household. < We don't agree with such general izations There have always been CREDITORS’ NOTICE All persons having claims agaisnt the estate of Marie Adair Rantin, deces^ed. are hereby notified to file the same duly verified, with the undersigned, and those indebted to said estate will please make pay ment likewise. ARCHIE S ADAIR. Executor Nov. 11, 1960 4C-D-8 those who plan ahead wisely with their earnings, and those who don’t There always will be. Americans still save. Americans rtill buy life insurance Americans still invest in U. S. Savings Bonds. Americans still see that they have a substan tial nest egg in a savings account before they risk investments that go up and down in value. Keeping personal and family fi nances sound is an individual prob lem. The solution takes strength of character, determination, some times sacrifice. Do you have what it takes'* * t * What’s all this about Atomic Pow er 1 A citizen of Lexington writes that I did not tell all the truth about the Atomic Plant at Parr, S. C. You will recall that four great power companies—private compan ies built with the savings of many thousands of men and women, in cluding teachers, preachers, law yers, doctors, farmers, merchants —and many others—these four for a joint experiment termed a sep arate company to build an Atomic Power Plant and they will spend twenty-five million.v-or more—as their part. Well, who else has a part? The Government of the United States Today we have electric power by hydro-electric and steam Hydro electric is not sufficient for the heavy demand so electric power is derived now principally from steam. What about the steam? We use coal, oil, natural gas or manu factured gas But the supply of oil, gas and coal may not be sufficient if industrial demand throughout the world should be enormously in creased within the next twenty-five years. So men are seeking a fuel to replace coal, oil, gas, etc. Uranium will do the work One Pound of uranium equalling tons of coal. But how can we refine uran ium at a cost comparable to oil and coal 1 We must refine 84.000 pounds to get one pound of usable fuel. When we have the uranium problem solved so far as practi cable fuel is concerned how shall we use it? Not in the boiler of to day So a reactor must be built. We must have both the fuel and the reactor. The Government has spent bil lions in seeking the uranium supply and in experiments to make a ser viceable machine to make the uranium fuel practicable Our Government has -ubmannes operated by uranium and we might derive our lesson from them, but the electric power generated from uranium might coat ten times as much as we pay today. That would be too expensive for power It should be that once uran ium may be used for power it will be adopted by aU classes of indus try. The power companies are as sociating themselves with the Gov ernment not only in their own m terest but because all enterprises have need for a new source of pow er. Once a practicable arrangemen is made aU industry throughout the! AlTO LIABILITY $10,000-$20.000-$.'.000 Deigned for the Safe I)ri\er 6 Months $17.60 12 Months $35.19 ARNOLD DIXON Your S. I. Man Phone 273-W After 4 \rar1d wifi use it. Just as the discov ery of oal and the refinement of petroleum into gasoUne is no mo nopoly but is used aU over the world. Great fundamental solutions can not be monopolized: the practical development of a basic principle immediately becomes the property of all mankind. Our Government and England, France. Germany, Italy. Russia— and all^others, are spending bil lions to discover future sources 'jL-4 ;of power At Oak Ridge. Sarvanmh I River—and elsewhere the study and experimentation has been earned ■ on for twenty years or more and the Government today contributes to ; such private experimentation be cause the success of any group will contribute to the service of human ity This is not as 'hough the Gov ernment contributed ten thousand cars of coal for ordinary, normal use: this is the Government aakifte for cooperation in solving a vita! problem BIG REFRESHMENT VALUE FOR THANKSGIVING :^V 1 i(j Si/jIj Y71Y1J HAS MORE FOR YOU GET YAI.I E. 1.11 T. KE1 KKS11MENT TOO! Bottled Under Authority of the Coca-Cola Company Bv GREENWOOD COCA-COLA BOTTLING CO., Greenwood FINAL SETTLEMENT Take notice that on the 12th day of December, 1960. I will render a final account of my acts and doings as Administrator C. T. A. of the es tate of Grace H. Smith in the of fice of the Judge of Probate of Lau rens County, at 3 o’clock p. m., and on the same day will apply for a final discharge from my trust as Administrator C. T. A. Any person indebted to said es tate is notified and required to make payment on or before that date; and all persons having claims against said estate will present them on or before said date, duly proven or be forever barred. F VINTON SMITH, Administrator C. T. A , 406 Elm Street, Clinton, South Carolina November 7 ,1960 4c-D-l-0 STATE OF SOUTH CAROLINA, County of Laurens COURT OF COMMON PLEAS Jean Crain Green. Plaintiff, vs John N. Greene, Defendant. SUMMONS TO THE DEFENDANT ABOVE NAMED: YOU ARE HEREBY SUMMON ED and required to answer the Com plaint in this action, of which a copy is herewith served upon you, and to serve a copy of your answer to the said Complaint on the sub scriber at his office. 106 North Broad Street, Clinton, South Caro- i lina, within twenty (20) days after the service hereof, exclusive of the day of such servicet; and if you fail to answer the Complaint within the time aforesaid, the plaintiff in this action will apply to the Court for the relief demanded ui the Com plaint. CECIL E WHITE, Attorney for the Plaintiff Clinton, South Carolina November 5, 1960 NOTICE TO THE DEFENDANT ABOVE NAMED: TAKE NOTICE that the sum mons in the above entitled action, of which the foregoing is a copy, together with the Complaint there in, was filed in the oiffice of the Clerk of Court of Common Pleas in the County of Laurens, State of South Carolina, on the 5th day of November, 1960, the object and prayer of which is to obtain a de cree of divorce. CECIL E. WHITE, Attorney for the Plaintiff Clinton, South Carolina November 5, 1960 I \ntiac tailors body design to a new Wide-Track Better balance and roadability I Control that can’t be copiedl • -- r- - We've built more room and greater roadability into this nqw 61 Pontac. There's more headroom, legroom and footroom Doors are wider and they're designed to open farther for greater conveniencp. By trimming side overhang, v.e ba arc ed more weight directly between the wheels. The '61 Pontiac gives you greater stability. It gives you a greater sense of control for every mile evesy maneuver. Isn't now the time to try the Wide-Track way to travel? • - , * PONTIAC 81 - IT’S ALL PONTIACI THt ONLY WIDE - TRACK CAR! Pouti*. An llw ■Hint tile* o! in* cat Body uxttk Inmnwd In rtduiu vdn j.nilu«( Mon bm- Mc«! (Miuracn thn ••nut* tx Min looltd ilaMily SEE YOUR LOCAL AUTHORIZECJ PONTIAC DEALER - SMITH MOTOR COMPANY 229 E. MAIN STREET LAURENS. S. C. \ . \ \ -\