The Clinton chronicle. (Clinton, S.C.) 1901-current, January 16, 1964, Image 2
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THE CUNTON CHEONICLE
CUnioB, a C, Thonrdaj, Jtmwj
Hard Hand
OnThe Reins
Early in December, President Johnson,
having then very recently succeeded to of
fice, told an assemblage of business lead
ers: “Men in the Government are going 1 to
be recognized by not how much they spend
bat by how much they *ave.”
It new remains to be seen to what ex
tent, and in what ways, this policy will be
implemented. The President has supported
his wards with directives both to govern
ment agencies and to the thousands of pri
vate enterprises which do business with
the government on a substantial scale. But,
so Mg and sprawling is the government,
and so complex the chain of command, that
a hard and constant hand on the reins will
be necessary if more than lip service is to
be paid to the cause of economy. And only
the President can apply that hand.
In this, one can respectfully say, “More
power to you, Mr. President.”
Questionable Remedy
No one with good sense minimizes the
unemployment problem, which has been a
sore spot for years and threatens to become
worse. But some of the solutions would, in
all probability, result in graver problems
still.
One is found in the position of major
labor groups. To quote the New York
Times, which certainly cannot be called
antilabor: 'Thus far labor’s only basic
remedy for unemployment is the synthetic
cme of a 35-hour work week to be establish*
ed through Federal legislation . . . such a
cut in work schedules would merely drive
up costs and thus make it harder for
American goods to compete in domestic and
world market^. Moreover, it is a retreat
from the fuller use of our materials, man
power and productive facilities when pov
erty remains a crucial challenge in large
sections of our own country and even larg
er sections of Asia, Africa and Latin
America.
To impose new and higher costs on our
production machinery; at a time when com
petition for markets and consumer accept
ance grows more and more intense, would
be' to invite the worst sort of troubles.
And it would invite more, not less, unem
ployment.
The Wrong
Demand Signals
aNvi
From a Wall Street Journal editorial:
“Anybody who ever has had to plow
through rulings or opinions written by Fed
eral regulatory agencies should give a loud
cheer for Supreme Court Justice Black.
After trying to comprehend an Interstate
Commerce Commission report, Mr. Black
observed: ‘I’m compelled to say that the
Commission could have informed me just
as wett if It had written its so-called find
ings in ancient Sanskrit’.”
Ralph T. Moore writes in the Oregon
Voter: ‘The President has set a goal of
T$ million jobs to meet the growing de
mand for employment and. this figure
loeirik very reasonable in view of the ap-
proximateily 70 million now employed and
the persistent 5 million who are not em
ployed but are presumably actively seeking
job*. The magnitude of this added 5 mil
lion jobs, assumes a much different pro
portion when translated into the required
investment capital that must be spent
before these jobs can be created. At the
figure of $20,000 per job, a modest esti
mate in the light of present cdets, the sum
required Will be $100 billion or the approxi
mate amount of the present annual nation
al budget. So if these jobs are to be cre
ated at once, the taxes would have to be
doubled if government was to do the job.
But government lacks creative power, and
works mostly by taking from one source to
give to another, without adding to the
whole. In this job-creating business gov
ernment can obviously only persuade or
appeal to private capital.”
Babson Wonder* How
Much Our Emotions
Affect Business
The American Farm Bureau Federation
—which is the largest of the agricultural
organizations, and has been enjoying a
steady growth in membership—has often
spoken out against the principle of federal
controls, and has urged their gradual elihii-
nation. Specifically, it opposes the pro
posed new federal wheat program—a com
plicated device which would give govern-'
ment agencies the most sweeping kind of
powers over the producers concerned, and
over the interests of consumers as well.
Secretary-Treasurer of the Federation
has now said this: “It is clearly not in the
interest of consumers to have patterns of
production frozen on an historical basis to
perpetuate high-cost production by political
price fixing and rationing of the right to
produce; to have the.production of unneed
ed and costly surpluses encouraged through
wrong demand signals (indudnig the com
bined effect of price supports and compen
satory payments) being given through
some government programs.”
Those are ecouraging words, coming
from so responsible a source. We cannot
have a truly free economy unless we have
a free agriculture as well. The elimination
of controls, which have a record of sub
stantial failure, on a step by step basis,
is definitely in the national interest—which
means the interest of all taxpayers, farm-
•ers included.
Babson 'Park, Mass., January 16—1 have long
been inteerested in just how much our national
mental health may influence the business cycle
and the forces of prosperity. Today, with such
swift transportation and lightning-flash communi
cation, I am brought to wonder, too, how much
of an effect man’s emotions may have upon in
ternational, commercial, and political develop
ments. ;4 ,
the power of our emotions
I am firmly convinced that our emotions direct
our behavior in more instances than we like to
admit. It is a psychological fact that a success
ful salesman aims at our emo
tions if he finds that his appeals
to our logic have failed. And if
you have ever attended a town
oneeting, you know how easy it
is for some spellbinder to com
pletely override logic with an
emotional appeal. Nine times
out of ten we give in to the pure
ly emotional gimmick.
In most national political elec
tions, I would venture that the
outcome has been even more heavily influenced
by emotion than by common horse-sense. Since
emotion plays such a big role in our individual
lives and in politics, is it not Reasonable that the
way we feel about business conditions may very
well have a bearing on those conditions them
selves? Surely nobody would' deny that confi
dence is a very important factor in manufactur
ing, banking, and consumer purchasing.
SHOULD BE LOOKED INTO'
Businessmen in general seem to have little
time for sociologists, anthropologists, and phy-
chologists, because their experiments take a
long time to complete and are usually costly. But
it is my opinion that if some reatLitic-minded so
cial scientists would get together with a group of
farsighted businessmen to study in depth the
effect of our national mental health on the busi
ness cycle and prosperity some great disscoveries
might be made that would benefit not only our
country but other nations as well.
Forecasting has been my business for many
years, and I have long wondered if there are not
some now unknown spiritual and mental factors
that would be valuable—if identified—in making
economic predictions. As long ago as the turn of
the century. Harvard’s eminent Doctor Cannon
declared that half the patients who came to him
for treatment had nothing wrong with them phy
sically. Their trouble was psychomatic, meaning
mental and emotional. When you think of the
vast number of people who are undoubtedly psy
chomatic but who never seek treatment for this,
you can imagine how many are ill simply because
they think they are.
IMPACT OF EMOTIONS ON BUSINESS
Everyone recognizes the parts played by relig
ion and psychiatry in developing entirely new,
successful, and happy personalities. Industry
itself has made surveys which indicate that the
cause of many serious and costly strikes is not
economic. Instead, many have a purely emotional
origin; the emphasis, really, is more on recogni
tion. security, and individual attention than on
wages or hours. Hence, why is it not likely that
business depressions could be profoundly affected
by motional currents?
I wonder what might happen during this new
year if business, and people generally, should be
gin to feel cautious and pessimistic, irrespective
of conditions and of what the economists and
bankers forecast. While most economists predict
a business advance during 1964. couldthe mental
and emotional health of our peoplerfeverse the
trend in spite of the all-time highs now existing
in employment, production, earnings, and retail
trade? I sometimes wonder if we are right in
figuring solely on money, employment, sales, etc.,
as the criteria for prosperity. Perhaps some day
it will be found that mental and emotional atti
tudes do more to mold our business patterns than
the purely economic barometers. I feel sure even
now, that our spiritual and mental hqplth does
affect business conditions. It is certainly an in
teresting area for further study. •
The Answer
Stories ^
Behind
Words
b >’
William S. Penfield
Jack
The word “jack,” which denotes a device used to
lift heavy objects, is an adaption of the name “Jack,”
a familiar form of John.
“Jack” was once used much as the name “Mac”
today—in addressing or referring to a man of the
common pepole, no matter what his real name.
Later, the name was used to denote a male servant
or attendent.
, When lifting or hoisting devices were invented, a
name was sought for them. Since such a contrivance
took the place of a servant, it was called a “jack.”
•> 0
Highlights >
From Clinton High
S-i-g-h! Thank goodness we
have exams only twice a year. If
we had them any more often, the
tension, the sleepless nights, and
the strain on our feeble little
minds would probably be too
much for us and help to lead
us to a very early grave.
As it is, most of us can begin
to come up far air now, since
there are four down and one to
go. In general the exam sched
ule runs as follows: Monday,
English; Tuesday, math; Wed-
By DISHIE DELANY
nesday, social studies; Thursday
science; and Friday, languages.
Not only is this week filled
with exams, but also the January
test of the College Board was
held last Saturday. Several
CHS’ers who took the exam were
disappointed (?) to find that on
the English Composition Test
there was no essay to write, as
there had been on the December
test.
Also last Saturday, the Horizon
Club held its annual Snowball
REPORT OF CONDITION OF
Newberry County Bank
of Newberry In the State of Sonth Carolina at the close of business
on December SI, IMS
ASSETS
Cash, balances with other banks, and cash items
in the process of collection
United States Government obligations,
direct and guaranteed ... i... ...
Obligations of States and political subdivisions
Loans and discounts (including $171.73 Overdrafts —
Bank premises owned $41,000.00, furniture
and fixtures — — $17,000.00
Other assets .’
TOTAL ASSETS
$ 991,230.97
1,112,918.97
274,094.21
1,392,011.69
58,000.00
223.75
Demand deposits of individuals, partnerships^
and corporations *
Time and savings deposits of individuals,
partnerships, and corporations
Deposits of United States Government
including postal savings)
Deposits of States and political subdivisions
Deposits of banks -
Certified and officers’ checks, etc. ...
TOTAL DEPOSITS
.. . : $3,802,019.64
(a) Total demand* deposits $2,991,901.31
(b) Total time and savings deposits $ 510,718.33
TOTAL LIABILITIES b» „
$3,828,479.19
$2,456,020.54
393,218.33
258.439.29
311,928.94
88,986.93
24,026.61
CLINTON, S. C„ THURSDAY, JANUARY II, IM4
(3tjp (Eiintan (Elirnnitlp
— Established 1900
Jnly 4, 1889 — WILLIAM WILSON HARRIS — June 13, 1955
PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY
Rate (payable in Advance) One Year $4.00, Six months $2.50
, * ~ - A One Year $8.00
Second Class Postage Paid at Clinton, S. C.
Tko Chronicle seeks the cooperation of its subscribers and readers — the publisher will at
all timet appreciate wise suggestions and kindly advice. The Chronicle will pubUsh letters of
general Interest when they are not of a defamatory nature. Anonymous communications will
not be nnHpfd, This paper is not responsible for the views or opinions of its correspondents.
Member: South Carolina Press Association, National Editorial AssocUtion
National Advertising Reprsenetative
PRESS ASSOCIATION — yew York, Chicago, Detroit. .Philadelphia
CAPITAL ACCOUNTS
Capital: Common Stock, total par value
Surplus : »
Undivided profits '
Reserves (and retirement account for preferred
capital) :
TOTAL CAPITAL ACCOUNTS I
$3,802,619.64
$ 125,000.00
125,000.00
57,717.20
18,142.35
$ 325,859.58
TOTAL LIABILITIES AND CAPITAL ACCOUNTS $3,828,479.19
MEMORANDA
Assets pledged or assigned to secure liabilities and for
Other purposes (including notes and bills rediscounted
and securities sold with agreement to repurchase) . .$ 806,948.00
Loans a^ shown above are after deduction of valuation
reserves of
28,380.86
I, Joe M. Roberts, Executive Vice-President and Cashier, of the
above-named bank, do solemnly affirm that this report of condition
is true, and correct, Jto the best of my knowledge and belief.
** „ JOE M. ROBERTS
Correct^Attest: J. F. Hawkins, S. C. Paysinger, W. J. Bow.
ers, J. N. Board, W. C. Huffman, ^A. M. Murray, Directors.’
State of South Carolina, County of Newberry, ss:
Sworn to and subscribed before me this 8th day of January,
1964, and I hereby certify that I am not an officer or director of
this bank.
GEORGE W. RODEL8PEBOER, Notary Public
My commission explros at tbs ploasurs of the Governor.^
w
at which Virginia Rogers
crowned Queen of the Snow-
s. Serving as her court were
Judy Abner, Lynn Coleman, Di
anne Ledford, and tinda White.
Monday the Chm-Bi-Phl Sci
ence Club will have its guest
speaker, Mr. Martin, manager of
the local Bell Telephone Ex
change. Mr. Martin will present
a lecture-dmonstration about Bell
Telephone’s project Telstar and
space communications.
Thursday Mrs. Michael Turner
will speak to the CHS Journalism
Club.. Mrs. Turner, a journalism
major and former newspaper
woman, will speak on journalism
as a profession.
Clinton High Meets
Chester Here Friday
The Clinton High Red Devils,
fresh from their victory over
Winnsboro last Friday, will play
the Chester Cyclones tomorrow
night (Friday) at the high school
gym.
The girls, with a 4-3 record,
will start the action at 7 o’clock,
followed immediately by the
boys’ game.
A special attraction is slated
at half time of both games. The
‘‘Little Boys League,” coached
by Messrs. Tedards and Beden-
baugh, will perform^-
A big crowd is expected for the
games, and children under 12
will be admitted free when ac
companied by a parent.
Clinton 45, Winnsboro 42
The Red Devils won a thriller
here last Friday night when they
defeated Winnsboro 45-42.
The Clintonians were led by
Tommy Davis and Phil Rogers.
Patronize
The Chronicle
Advertisers
Tommy scored 17 points and had
nine rebounds. Phil scored 12
points and pulled in 12 rebounds..
With 30 seconds left in the
game and Winnsboro ahead by
one point, 42-41, Davis hit on
two free throws to put Clinton
ahead, 43-42. Wingard added two
more free, throws for the final
margin of 4542.
Winnsboro was led by Macfie
with* 15 points and Brewinftpn
with 10.
The Devilettes lost thsir third
consecutive game of the season
after wlnnm&vfour in a
Winnsboro won'
Clinton was led b^HB^ndra Hog
gins with 22 points, with Linda
Tiller adding 13.
Your
i
TODAY-SAT., JAN. 16-18
That once-a-ye&r vacation
fling!
[ft£
where
the Dos
are and
the girls
are*
MON.-TUE8.-WSD
JAN. M-M
Prim
8w«*s
hummed
(riioEsiiE'iihM'ii
nm rail yiinE.
NducritxKMUWrr OmcMbiKMMHL:.}
TICHMCOUMt* fraaWAKNCItir . J
3:10, 6:10, 7:10, 9:10
Sat 1, 3, 5, 7, 9
COMING SOON!
WHO’S MINDING THE
STORE
STRAIT JACKET
INCREDIBLE JOURNEY
yu>urf<
JMsiyMkir
^DeBBe
Rsyraps
WmSON OUKHcUM '
MiKfcMpAm'JWM SPMM*
Mai ■tafepNiMa smn m
TICHMCOUMt*
Ftm WARNER IROS.
3:15, 5:30, 8:00
NOW AVAILABLE
at
Dillard Boland
fe»ITTS ST., CUNTON, S. C.
These older Reed & Barton Sterling Designs
Is your Sterling Pattern one of the eleven
older designs by Reed & Barton shown here?
If it fa, you won’t want to miss this opportunity to add to your service
— or perhaps complete it! From now until March 15, 1964, we can
accept orders for serving and place pieces in these patterns on a made-
to-order basis. Visit phone or write us for an illustrated price folder.
Get your order in before the deadline!
MtWVCM
USD QIR
CMfillGQ firTOI
aWllftid HE! •
Come to your Ford Dealer’s
BIG HOOTENANNY SALE
and find out!
We’re starting another hot Ford year with the
hottest January used car sale in our history!
e „ 4 '
Special clearance prices on every used car
in stocL.nothing held back, nothing reserved.
Easy terms, low cash payments, which will
probably be covered by your trade-in*!
Your Ford Dealer's Hootenanny Specials will
be listed in the classified pages of this news
paper. Watch for them during the week of
January 19... ,
IREATEST 6AHEM8 IF ISO CAIS YOOE WEI SEEN! CINE IIY ’EM Fll A SOM. FURS!
ro.A.r.
FORD DEMBS USDGH NOOIGU!.
*y»
BALDWIN MOTOR COMPANY
N. BROAD ST. * CUNTON, & C.
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