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THE CLINTON CHRONICLE Thoraday, January 4, 1962 Signs Of The Times Egyptian pharaohs and Roman emperors were fond of putting up statues of them selves and erecting plaques telling what, great guys they were and how much they had done for the people. Many things have changed in the past couple of thousand years, but bureaucrats still plaster the countryside with signs sug gesting that their generosity is responsi ble for today’s modern- highways, bridges and other public works. The truth is, of course, that America’s millions of taxpayers deserve the credit South Carolina’s Rep. L. Mendel Rivers is blowing the whistle on such bureaucrat ic brainwashing attempts. He has advised his state’s chief highway commissioner to tear down roadside signs which proclaim that the ne\6 interstate’ highways are fi nanced 90 percent by the federal govern ment. “That’s not charity from bureaucrats,” Not A Pretty Picture Recently, about 140 plumbers walked out on the nation’s miclear test program near Las Vegas, Nevada. They claim work be ing done by operating engineers should be done by them. Some 2,000 workers of 3,500 employed refused to cross plumbers’ picket lines. This was the second stoppage at the site since July. Labor unions are rapidly lowering them selves in public esteem w h*e n they call strikes on national defense work oyer juris dictional disputes between highly paid work ers. In seriousness, it is but a matter of de gree between defense workers calling a strike and soldiers deserting their posts to enforce demands. Granting that a man has the right to stop work on a defense job, it does not follow that if he quits he should have the right to paralyze production by stopping other men from working, until his demands are met. What hope is there for world agreement on disarmament when in our own country says Congressman Rivers. That money is cannot settle a labor controversy until that affects the lives of 180 million men, women and children.' allocated to the states under a law passed a f^e r 140 union members stop defense work by Congress. Tear down those signs and if they give you any trouble, come see us.” In other words, the South Carolina Con gressman is making the point that tax payers’ dollars, shelled out at every gaso line pump in the country, are paying for the interstate highways, The money is simply routed through Washington, D. C., and not enough of it ever gets back home again. Babson Discusses Planning For 1962 Discarding “Partnership” The “partnership” policy between the federal government and the investor-own ed utilities, which was developed by the Eisenhower Administration, has been dis carded. That is the gist of an announcement made by Assistant Secretary of the Inter ior Holum. He is frank and explicit, say ing, “Partnership which proposes to sell falling water to profit utilities at Federal projects ceased to exist as national policy on January 20 of this year”—that is, the day on which the present Administration took office. Mr. Holum added, “We believe the nation’s resources should be managed in the broad public interest, not for selfish, narrow advancement at t h e public’s ex pense.” One might ask, what is the public interest? Mr. Holum and the other policy-makers within the government are entitled to their views. But there is another side to this par ticular coin—and it presents a very differ ent picture. The partnership policy was designed to reduce the government’s investment — which means the investment of all the tax- rers—in the commercial enterprise of producing and distributing electric power. So far as profit is concerned, the income of electric companies is, and always will be overloading Babson Park, Mass., January 4—Few people seem to realize that it is during a time of pros perity that plans should be m4de for possible re verses later on. Even though recovery is rolling along, stop and ask yourself a few questions. If you lost your job tomorrow, how much would you and your family suffer financially? Are you snowed under by installment payments? Would a serious illness leave ypu strapped? Have you borrowed on your life insurance? ARE YOU OVER-EXTENDED? A young acquaintance of mine, a man about thirty years old, was recently laid off by a small company for which he had work ed faithfully for eight years. He had been making $100 a week be fore taxes, but his take-home pay after federal levies was only $83.20, not including state taxes. And his monthly commitments are: $70 for niortgage, interest, and real estate tax; $83 on a 1980 car; $21 on a food freezer; $12.30 on wall-to-wall carpeting; $30 on W. Mean a go-now, pay later trip to the West Indies with his wife; and $16.80 on a new color TV. Right now—and he has no salary com ing in—he has department store bills amounting to several hundred dollars, $180 owing on his last winter’s fuel bill, and past-due light and phone bills. Merchants and service firms have already put him on a strictly cash basis. It is possible that this man is not typical of most young workers, but I am afraid there are alogether too many who would fit into this cate gory. With full employment and occasional rais es. he niight have pulled himself out of his finan cial japi. But my point is that he, like so many others, has greatly ever-extended himself. VICTIM OF THE TIMES I can’t say that I wholly blame the young man for letting himself get trapped. He is a product of the “unending” prosperity that has followed World War II. Like many others, he has been bludgeoned by magazine, TV, and radio ads into With more money to spend than he Quarles Completes Naval Reserve Duty Bruce S. Quarles, son of Mr. and Mrs. C. S. Quarles of 303 Ferguson street, completed two weeks of naval reserve recruit training December 30 at the Na val Training Center, Great Lakes, HI. * Ordnance, gunnery, damage control, water survival, physical fitness, military drill, naval ori entation, sentry duty and first aid were all covered during the training . The reservist has returned to his home town to continue Ids training with his local Naval Reserveunit. B. W Martin Gray Court—Benjamin Wright Martin, 88, of Rt. 1, Gray Court, died at his home late Wednesday ♦ morning after several months of declining health. > He was a native of Laurens County, a son of the late Jasper amt Nannie Hurrla Martin. He A Book Review Return Of The Gray Man rigidly limited, both by contracts with the ^ v ' r had brfor *- he w « tem ' > " d Mrt °« r “ s federal government and by state regula tion of rates. And the investor-owned util ities are among the largest and most de pendable taxpayers — whereas a govern- In 1946, families were spending only 45% of their incomes for the essentials of living, with some 55% left over for luxuries. By 1964, fixed charges were taking 53% of income, with only 47% left for discretionary buying. Since then the trend has continued in the same direction, until ment power system pays nothing in taxes, a substantial majority of a family’s income is or next to nothing in lieu of taxes and, as now eaten U P hy fl *«d charges such as food, rent, a rule, operates on tax subsidies of one kind or another. Finally, it may be added that the dis card of the partnership plan—with its im plication that socialized power is what we need—would be bad at any time. It be comes far more so in an era, in which the incredible burden of national defense, against socialized Russia, makes it imper ative for government to get out and keep out of any activity that can be carried on by taxpaying private enterprise. Other wise, why oppose the Russian system? Chester, S. C., Reporter: “The twentieth century political liberalism (so-called) in the United States thrives on depression. Be ing political, its base is governmental action, including a wide variety of federal paternalism.”- Brookfield, N. Y., Courier: “When the white man discovered this country, the In dians were running it. There were no taxes. There was no debt. The women did all the work And the white man thought he could improve on at system like that!” and installment debt. This may be all right as long as a boom is in progress. But let a reces sion hit, or let strikes or automation layoffs .be come serious, and the heavy burden of install ment commitments which many people are car- rying could mean economic catastrophe. THRIFT STILL A WISE POLICY This troubles me, especially because I know that major cycles of business over-expansion and depression will always be with us. The inevitable quirks of human judgment will see to that! Hence, the present all-out acceptance of installment buy ing as a perfectly natural way of life causes me much concern. Careless spending is encouraged by any system that postpones payment for some thing you can get now without waiting. As I warn my grandchildren^*© would I warn young people everywhere that prosperity is a time for increasing financial reserves ... a time to put money aside in savings accounts, some of R for careful investment later on. Money In the bank is one of the best types of insurance—against unemployment emergencies particularly. It is fine to have a comfortable home, a new car, air conditioning, and many desirable luxuries. They induce happiness and satisfaction. But what good is all this if your financial sense has been poor and the bill collectors give way to trucks coming to cart away the goods? I often think it takes even more Intelligence, will power, and cdurage to plan for tomorrow than it does to handle today’s obligations. Ev erybody—whether employer, worker, or landlord —should keep one eye on tomorrow (and the day after) in financial planning. Otherwiae, he may end up in the same plight as my sadder but wiser unemployed young friend. A book review cannot be en tirely objective, for it is the re action of a reader to a book. “Delightful,” “entertaining” are reactions any reader may ex pect. To South Carolinians, espe cially, there is added charm in tiie exquisite descriptions of our beautiful coastal areas, in the glamorous, accounts of the re laxed and luxurious lives of the wealthy gentry of centuries ago, in the true-to-life recording of tradition, history, and folklore peculiar to that area and era. < Consisting of fifteen enchant ing ghost tales, the book is de lightful either to pick up for a few minutes relaxation or - to read straight through, being transported by skilful writing in to the atmosphere of early Amer ica. Not of the horror type, the Gray Man tales bring chills or goose pimples of delight instead of fright—and to this reader the five ne j stories were more de- lightfu than those of the original collect, on. South Carolina owes a debt of gratitude to Mr. Bolick for the painstaking effort which went into unearthing and piecing to gether these tales, which, now recorded, have become treasured ore of an earlier era. Many a family in our State—and one of national historic fame—proudly claims connection with one or more of the characters appear ing in the stories. And many wit nesses, both rich and poor, high ly educated and ignorant, staunchly voUth for the truth of the supernatural phenomena re counted in these volumes. Thru his spell-binding style in recon structing these carefully authen ticated tales, Mr. Bolick has added both to the literary and historic treasures of our State in recording these highlights of a most royntic area and era — Airman Hdcombe Assigned To Ha. Base Airman Third Class Henry J. Holcombe, son of Mr. and Mrs. T. C. Holcombe, of Browning Ave., Joanna, Is being assigned to McCoy AFB, Fla., following his graduation from the United States Air Force technical Train ing course for accounting and finance specialists at Sheppard AFB, Texas. Airman Holcombe received training in Air Force financial and accounting procedures. The airman, a former student of Clinton High School, entered the service in June, 1961. was a farmer and a member of Rabun Creek Baptist Church. Surviving are three sons, Ralph Martin of Columbia; Roscoe Martin of New Braunfels, Texas; and B. W. Martin, Jr., of Gray Court; six daughters, Mrs. Verna SprueU of Columbia; Mrs. Lola Langston and Mrs. Lucile Cox, both of Clintoiy Mrs. Dean Stone of Owing*; Mrs. Clyde Taylor of Laurens; and Mrs. Grace Lan- ford of Woodruff; a brother, Glenn Martin of Gray Court; three sisters, Mrs. Annie Nabors and Mrs. Ruth Poole, both of Laurens; and Mrs, Willie Pat terson of Lanford; 28 grandchil dren, and a number of great, grandchildren. Funeral services were conduct ed Thursday at 3:00 p. m. at the Rabun Creek Baptist Church by Rev. Wingard Berry and Rev. John Lynch. Burial was in the church cemetery. Rites For Mrs. towsoii Conducted Thursday A Mrs. Rosie Grogan Lawson, 75, widow of Sam Lawson, died early last Wednesday morning at a local hospital after several months of declining health. She was a native of Greenville County but had lived in Spartan burg County most of her life. She was a daughter of the late William and Alberta Bishop Gro gan. For the past 11 years she had lived ir Clinton . with a daughter, Mrs. Alice Dunaway at 900 E. Ferguson St. She *was a member of Trinity Methodist Church in Spartanburg County. k Surviving are five daughters, Mrs. Lillian Howard, Mrs. Alice Dunaway and Mrs. Loree Rog ers, all of Clinton; three sons, Lanham and Jessie Lawson, both of Clinton, and Irby Lee Lawson, of Cross Anchor; two sisters, Mrs. Lela Watkins, of Chappells,’ and . Mrs. Hattie Knight, of , Simpsonville; five brothers, John and Haskel Gro gan, both of Chappells; James V~. Grogan, of Irby Grogan, of Spartanburg, and Ed Grogan, of Greenwood; 36 grandchildren, and several great-grandchildren. Funeral services were conduct ed Thursday at 3 p. m. at Yar boroughs O h a p) e 1 Methodist Church at Cross Anchor by Rev. J. H. Darr and Rev. Thurmond L. Gable. Burial was In the church cemetery. Pallbearers were Kenneth Lawson, Dayid Dunaway, James Moore, D. E. Leopard, Reuben Stroud and Bobby Gibson. Mrs. Effie Coopar Laurens — Mrs. Effie Burdette Cooper, 78, of 10 Camp Street, died early Sunday morning in a local hospital after several years of declining health. She was a native of Laurens County, a daughter of the late John Burdette and Mrs. Christie Curry Burdette, and was a mem ber of the Lucas Avenue Baptist Church. Surviving are a foster-daugh ter, Mrs. J. Toy O’Shields oi Lau rens; two sisters, Mrs. Beulah Blackwell of Startex; and Mrs. Mary Dial of Spartanburg. Funeral services were conduct ed Monday at 3:00 p. m. at the » Mortuary chapd fey Rev. Alvin Boone and Rev. Ray Craine. Burial was in Rose Hill cemetery. My sister’s home burned to the ground. Their $7,M9. Insurance covered the pur chase price 19 years ago, but it will cost $12,989 to rebuild the home. How can we find out the replace ment value of our home, so we can increase our fire Insurance accordingly? BAILEY AGENCY M. S. Bailey A Son Banker? Bldg. Dial Day 833-0681 — Night and Sunday 833-0323 CLINTON, S. C., THURSDAY, JANUARY 4, 1962 Olltntmt (EtpromrlF EstaMkhed 1999 July 4, 18N - WILLIAM WHBON HARRIS - Juue 13. 19H PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Payable in Advance) Out-of-County . One Year $3.90, Six Months 32 09 One Year $4.00 Second Class Postage Paid at Clinton, S. C. The Chronicle seeks the cooperation of its subscribers and readers — the publisher will at all times appreciate wise suggestions and kindly advice. The Chronicle will publish letters of general interest when they are not of a defamatory nature. Anonymous communications will not be noticed. This paper Is not responsible for the views or opinions of its correspondents. Carolina Frees Association National Editorial AMERICAN PRESS ASSOCIATION New York. Chicago, Detroit, Philadelphia News Of lends Cross Roads! SEMI-ANNUAL STATEMENT OF CONDITION OF CITIZENS FEDERAL Savings and Loan Association Clinton, South Carolina AT CLOSE OF BUSINESS DECEMBER 30, 1961 ' * ASSETS Real Estate Loans $4,863,394.40 Loans on Savings Accounts 28,552.43 Real Estate Owned 8,970.47 Investments and Securities —. 472,915.63 ” Cash on Hand and in Banks 276,217.03 ~- , Office Building and Equipment .. 29,472.35 Less Depreciation $5,679,522.31 LIABILITIES Friends of Dunne Goss will! be glad to know he was able to | spend Christmas at home. Mr. Gause has been a patient at Self | Memorial Hospital, Greenwood. Miss Libby Johnson, Winthrop I College; Miss Barbara Johnson, j Newberry College, and Gerald! Johnson, stationed at Fort Jack- eon, spent Christmas with their parents, Mr. and Mrs. M. P. Johnson. Miss Dianne Price, of Palmer I Business College, Columbia, was' home for Christmas vacation. Miss Christie Crapps, from] Waldrep’s Beauty Culture School, Greenville, spent "the holidays] with her parents, Mr. and Mrs. Tillman Crapps. Mr. and Mrs. J. A. Swails and | Capital $5,067,14922 Borrowed Money None Loans in Process Specific Reserves General Reserves $560,996.83 ' Surplus 34,556.29 $5,679,52231 „ _ $96,000.00 Paid In Dividends Dec. 30, 1961 1531937 1,000.00 595353.12 Miss Windoia Swails, of An-1 drews, visited Mr. and Mrs. Richard Boland during the | Christmas holidays. Mr. and Mrs. Liston Barnes, | of Columbia, were visitors with j Mrs. N. A. Shouse Sunday. Mrs. Ruth Todd, Mrs. Eliz-! abeth Spoon and Mrs. Jim Price | are vacationing in Florida. Mrs. Zelma Cauthran and ] Mrs. Zeleiia Sweet, of Summer ville, visited their nephew, Rich ard Boland, for the New Year) week-end. Mr. and Mrs. David Eubanks, 1 of Spartanburg, visited in the I community this week., Friends of N. A. Shouse win! regret to learn he is a patient at j Joanna Memorial Hospital. H. D. CLUB MEET -Shady Grove Home Demonstra-1 tion Club held its January meetr| ing Tuesday at the home of Mrs. N. A. Shouse. A delightful ptozl gram was enjoyed by the rxtem-l hers. The group contributed a shower of sheets and pillow cas-1 et to the cancer drive. During a social hour refresh- mms were served oy ine hoc* Itess. Savings Deposited By January 10,1962, Earn From January 1, 1962 ~~ Current Dividend Rate:. ~ CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION 200 W. MAIN ST. CLINTON, 8. C.