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V f •1 I L~ OU|P (E bronirU PUBLISHED EVERY THURSDAY BY , * * ,, . CHUOMCLE PUBLISHING CO. .. WILSON W. HARRIS Editor and Publisher Entered at The Clinton Post Office as matter of the Second Class.- Terms of Subscription: One year i .$1.50 Six months 75 Three months .50 Payable tn advance. —— The Chronicle seeks the co-opera tion of its subscribers and readers— the publishers will at all times appre ciate wise suggestions and kindly ad- rice. The Chronicle Is not responsible for any unsolicited manuscript which is not plainly marked with the name and address of the sender and accompanied by stamps for return. Stake j«U_jreiaittaiicft&Jft 1 THE CHRONICLE PUBLISHING CC. Clinton, S. C. CLINTON, S. C, JULY 19. 1919 There is a world-wide scarcity of many materials and production costs are going to continue abnor mally high. “We have had perhaps a certain amount of inflation. To the extent that present high, prices are due to that -cause, morever, we can expect • • * ■ no immediate decline. The process of deflation will be gradual, “Tf we were all to hold baek, awaiting lower prices, we should produce conditions of a sort that would benefit no one. It is the duty of business-To-gmthetrd and seine the opportunites now waiting. If a manufacturer were to defer build ing needed additions to his plant, in the hope of securing a lower con struction cost at some indefinite time in the future, he probably would lose more "profits on the goods which he might have been producing and selling in the mean time than he will save on cheaper omstruet-ion - -eosfe- 11 — —~ 8 PAGES .V PROSPERITY STORY. By n-ading the statements of (’lintmi's banks as published in last week ’s issue of The Chronicle, it is readily seen that they are all en joying a large volume of business and are in splendid,condition. Tak ing these statements as a guage, it is evident that there is considerable money in the- community in spite of unsettled conditions and the large amount- tied up in the hold ing of cotton. These figures show further that our banking institu tions are being .successfully con ducted by their various officials and • is a good endorsement of their busi ness ability. In the city's four banks there is over a million dollars now on de posit. the aetual total of deposits being $1,080,815.15, the highest record yet reached. Tn view of the. season of the year these figures are remarkable. They show that old man Prosperity is still in the land and give fair indications of an un precedented business boom this fall. _ Frank..W. Thomas. oJL A: CL Slaughter & Co.: “In considering the outlook for commodity prices, we must bear in mind that wages are going to continue nigh for an indefinite time, and that European competition, formerly so keenly felt in onr markets, is not going to mg season. Building materials in comparison with other materials of different kinds have, shown lower percent age of increase in selling prices' Than anv other. Xo bednotion can ... ,r be expected with- prices fixed for future deliveries. It seems to be an »pp»»rtwte "develop' plans "'“■'y ,♦ and prepare for operatiotr:^— ^ Back la Citizoa'a Clothea Lieut. Col. J. M. C. Barksdale, for- marly » member : of the Eighty-first Division, was discharged from the army at Camp-Jackson Tuesday an ap|>eared on the streets gayly and handsomely dressed in civilian attire late in the afternoon. The Lieut. Col. was one of the most popular aftd efficient officers in lij|\ division as is evidenced by his rMij promotion from the rank of Lieut, to his present exalted title; f/he Colond is looking good and as he retdms to the oI<T*?umTf tar scenes, ne is receiving a cordial welcome at the Rands of Tm friends who are manv in numlier. abroad with no immediate prospect SOME FINE TOMATOES. , The editor has been “pounded” this week with some of the finest tomatoes we have ever seen, grown be so 'sevef( r "as it was "before the by--Mrs. John- ’L. Thorn ley- of this war. Wages have been advanced city. Mrs. Thornley was the cham pion tomato grower of Pickens of their return, to pre-war basis.” County, and the specimens ahe is DECLINE IN PRICES NOT EX PECTED SOON. Investors who are holding back on building projects because of what they consider to be excessive ly high prices for materials and la bor will find that a few months will make little change in the market, if we are able to take the Word ol builders, contractors, bankers and government officials. In answer to the argument that high prices are a deterrent, records show- that in the past almost all- big construc tion projects have been launcHbioxt times when values were high, rath er fhan when building activity was at a low ebb and prices resulfantly off. The next few months promise a resumption of construction that will be unparalleled in our nation al history. That construction work will be done at prevailing prices and the investor who takes -advan tage of the available materials, la bor and bility of the railroads to deliver supplies will be far better off than if he waits-until the boom is at its height. He will be assured of a market for his building of good rental values, and no lack of ten ants. At the same time, he w-ill con tribute materially to the allevia tion of present strained housing conditions and.,to the re-establish- mont of peace-time business. Following are statements of men and publications in a position to know the market and the tendency of the times, and if we are to take their views as a gauge, we need not expect a decline in prices-in tbe near future: Joseph E. Otis, vice president and acting head of Central Trust Company^pf Illinois: “The people who are waiting a drastic decline in prices aren’t going to get it. They are going to get left. In other words, I do not believe we are go ing to^see any immediate and dras tic decline in commodity prices. Frank A. Vanderlip, president of the National City bank of New York, declares that it is possible to transfer 15.0110,01 K) men now- en gaged in .war activities to’ works of peace without greatly disturbing conditions. “I would not argue that we-can make this transition without any jolt,’ he said. “There will be some. But I believe that the demand for labor is so great that it is possible to make the transition without dis aster.” “We may make a cushion of pub lic works.. That is possible. But there ariii-eally ti'tniiendons orders. showing will doubtless give her fhat distinetibn tn this community alsdT Sdie has quantities of Tomatoes weighing from one to two pounds and those she' has sent in to us are easily the finest we hare seen any where. They are of the Peter Hen derson Ponderosa varietv. that may now be executed, and on the whole I would not be surprised to find that we shall see no surplus es of labor, providing labor and tlfc employer of labor each does his best to help in this readjustment.” John N. Willyg. president of Willys-Overland Company: “Ma terial prices and wages are ndt like ly to come down in a hurry. Wkh -r gn , . Ar . ,, , * * °' , 2 South Mam St. the passing of the first flurry of un- sottlement of prices which followed the signing of the armistice there is now a noticeable steadying of the market.” ' . The* American Contractor: “As- sufiling that a decrease of 20 per cent in const met ion costs might de velop during the next four or five years (and this is regarded by many as a maximum decrease) the immediate completion of the na tion’s school progres would involve an excess of only 1 per cent per capital per year, or delay having them for four or five years in order to buy them at 4 cents per capita per year?” O. Ay. Ketcham, president of Philadelphia Master Builders’ Ex change -. “While the prices of build ing materials have as yet shown no material decrease nor can such be expeefed for some time to come, there nevertheless seems to prevail among the builders a strong desire to start operating. The percentage of advance in prices of building ma terials with few exceptions has been so slight as to permit of very little, if any, reduction for the com- CADILLAC We are distributors for the Cadillac in Laurens, Union, Greenville, Spar tanburg, Anderson, Pick ens, Oconee and Cherokee counties. Would be pleased t o send you catalogue or any other information^ Greenville Cadillac Co. Phone 2477 Griffon Special Representative from- Baltimore . ' ‘ ' • ’ ’ - ; . . ‘ . • . .0 , will be here July 18 and 19 to take your measure for your Fall and T~ irements. ggBLWU.JLfc r Come in and let us have your order and get your suit early. . ' . 1 . * • . #• • Copeland-Stone Company Clinton, South Carolina GREENVILLE, S. O. Elmer’s Gandies Fresh and Fine At SGAIFE’S J. 8. FRONTIS JEWELER CLINTON, S. C. COLLEGE OF CHARLESTON Founded *788 A college of highest standard open to men and women. An intentionally limited enrollment insures individual instruction. Four year courses lead to the Bachelor’s Degree. The Pre- Medical course, a special feature. Address. HARRISON RANDOLPH, President, Charleston, S. C. .. . 4 AUTOMOBILE OWNERS ATTENTION! / , We are glad to announce that we again have with us Mr. R. C. Tidwell, the well- known automobile expert, and shall be glad to have you call upon us when in need of mechanical work. , All work intrusted to our care will have, as usual, careful and prompt attention. --Out line of tires, tubes and accessories is coming more complete every day. ’ - ’ Y'r:-- v x : We have. jiist^installed the most modern Tunga-r Rectifier for re-charging batteries. This machine being able to charge at one time ten hr twelve batteries for which a nominal. charge is made. We have just purchased the most modern Weaver Tire Changer which enables us to ±l*m**.*% * .4- 4 1 __ _ • A 1 A % _ A A ' • ~ • change tires instantly without battering rims. Come see us—your business will be ap preciated. . “Let Your Motor Troubles be Our Troubles’ Clinton. - - T - SoutkCarolma J- ! T ^ r 5 l r Z’- * /. 1