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f' 4 . ' X • ■I TH1IB8PAY, JUtT 9,. 19^' 'Washington, July 4. — The federal iroverhmeiit moved into another fiscal year and toward another apparently large deficit in its financial opir* atkma. Contributing to this state of gov- entment finances .is the btirden of the largest public > debt with which ANOTHER LARGE DEFICfT The prospect of another large defi cit in government. fiscal' operatlj^ iuj the 19»36-87 fiscal* year was fpre- spending her vacation with her moth- Miss Lyde Ray of Atlanta, Ga., is by President Roosev^ last Jan uary, when he presented congress with estimates for that financial pe riod. At that time he estimated total j sonville, N. C. er, Mrs. I. 0. Ray, on Broad street. Lula Gray Harris is spending mv- eral weeks at Jocassee, near Hender- govemment receipts for 1936-37 at I Mr. and Mrs. Goyne Simpson ,spent any fiscal year has begun in the holidays in Charleston with Mr. tory of the United States. The treas wry's balance sheet for June'30, the dose of the last fiscal year, revealed a public debt of $33,779,000,000, an in crease of $6,078,000,000 over the amount of the debt on the same day of 1936. r Intereet payments alone on this huge ihdebtedneea will require the outlay of nearly $1,000,000,060 during the present fiscal year. $6;767,000,000; and a deficit of $1,- 103,000,000. The ^president estimated the public debt at the beginning of the fiscal year would be $30,933,000,000, where as, it is almost $3,000,000,000 al^ve that figure. What, if any, additional factors may dey^elop to throw his es timates out of balanbe cannot be and Mrs.. George Hesse. Mrs. Lee Add Blakely and children are spendihg some time in Milledge- ville, Ga., with her parerits, Mr. and Mrs. Clyde Lankford were visitors in Greenville on Monday.. Mr. and Mrs. D. C. Heustess and Mr. and Mrs.~John W. "Pinney re- F. M. BOLAND H D. HENRY ACCOMPANY 'K;':- ;■-INSURANCE X. ' STOCM' — bonds — SEAL ESTATE x- ^ANs negotiated Telephone 1 - rtumed Tuesday from a sqyeral days’ I foreseen'at this time. through the Shenandoah Valley. During the fiscal year just clbsed, j Friends of Mrs. Reese Young will This situation is somewhat allevi- with a deficit of $4,764,000,000, pre-1 glad to know she is recovering at sited* for the taxpayer, however, byiVious.^ estimates were thrown out ofj}]0j> borne from injuries received sev- 4he fact that the government succeed-J balance by the viodance of the pro- oral days ago in an aiutomobile acci- ■ed during the last fiscal year in re ducing interest rates' matei^ly on government borrowings. Favor^ by cessing taxes, from which the admin-, d«nt. istration had expected to collect. Dr. and Mrs. F. K. Shealy, Miss $462,000,000. Other revenues increas-1 Margaret Shealy and Bob Oxley left a vacation trip to a market bversuppliM with money, ed all ijlong the line, however, almost I’Tuesday for the treasury carri^ out a series of, completely offsetting this loss. 1 Florida. refunding operations during the 1936- 36 fiscal year which resulted in re ducing. the computed rate of interest on the public debt from 2^r715 per cent June 30, 1935, to 2.545 per cent June 30, 1936. Thus, although the debt had increased during the year, total in terest payments had declined from $821,000,000 in 1935 to $749,000j)00 in 1936, Secretary Henry Morgenthau reported. In his radio speech, summing up I Mrs. R. W. Phillips spent Tuesday the year’s fiscal operations Secretary and Wednesday in -Anderson with her Morgenthau said federal revenues | sister-in-law, Mrs. Nolle S. Cobb, were^ cdhtihuihg Tn thF'TTpgraJe^'Ihd i'' Dr. and Mrs.‘ Hammond and' "fam- the outlook for business generally ily of Spartanburg, spent the week- was favorable. On this basis govern-'end with Mr. and Mrs. George ^ol- ment receipts for the fiscal year may man. / r^ somewhat above the estimates made last January, although the amount of revenues to be received During tlw 1936-37 fiscal year, however, interest payments must be I according made on $2,000,000,000 of new bor-j opinion. rowings concluded during the latter. Regardless of the upsets that may Miss Georgia 1^. Blakely spent the parent.s. week-end in Greehwood with her sis-' Mr. and Mrs. Marshall W. Brown ter and brother-in-lawr, Mr. and Mrs. Teft yesterday for a trip -through the under-the newly enacted corporation j Bonner Harvley. , New* England states. They were ac- tax law is almost anybody’s guess, Mr.'and Mrs. L P. Dailey and chil- companied part of the way by J. F. to concensus of official ■ dren have returned from a trip Jacobs. through Kentucky and Ohio. Mi,ss Helen Derrick has returned to Miss Spooks Phillips will return her home in Charlotle after visiting Miss Elisabeth 0|^n spent the week-end with her motherf Mrs. Em ma Ogden, , at the State Tridning school.. 1"* Mrs. Annie Fliedner and nephew, David Boland, are spending ten days in Washington, D. C., with the for mer’s son and daughter-in-law, Mr. and Mrs. Henry Fliedner, Floyd Hitt of Edgefield, spent Sun day with his parents, Mr. and Mrs. Eugene Hitt. Mrs. Eric Barnes spent Monday in Greenville with friends. Miss Irene Hipp of Newberry, is spending this week with her grand father, T. M.- Little, and other rela tives. Miss Lidie Davis has returned from Langley, where she has been spending several days with friends.^" Mr.’ and Mrs. T, D. Davis and chil- . dren of McCormick, spent Sunday!♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦' with Mr. and Mrs. G. C. Nabors. Mrs.! Davis and-children remained for a visit with her parents. Mr. and Mrs. Barringer F. Wingard announce the birth of a daughter on Friday, July 3, at Dr. Hays^ hospital. She has been given the maiden name oTIielr‘njother, Nellie Wasson. Mr. and Mrs. Brunson Ballard have returned from Ello.ree, where they spent a few days with the former’s RADIO SERVICE I “Service With Satubction’’ r* All Work Guaranteed Phone 36 RADIO EXCHANGE > ■ ■ - : - ' ' ! part of the old fiscal year on which jjj store during the coming 12weei from Scarsdale, N. Y., her sister and brother-in-law,/Mr.-and no interest payments were made treasury officials believe she has been visiting her aunt, Mrs. A. M. Cannon. ing that period. Gray Funeral Home ^ Clinton, S. C. JL’NERAL DIRECTORS eee ftUd Me ’* EMBALMERS Ambulmiice Serricc Phones 41 and 399>J L. RUSSELL GRAY and V. PARKS ADAIR, Gen. Mgra. unlikely jthat the 1936-37 fiscal yearj^***- J* E. Elliott. Mrs. Elliott will re- Mr. and Mrs. E. D. Craig and chil- will establish the number of new rec ords in United State government fi nancial operations that were estab lished in 1936-36. During those 12 months the government: 1. Spent the most money ever spent by this government in any fiscal year in peace time. l^e.total was $8,^0,- 000,000. . ^ ‘ 2. Had the largest peacetime deficit in history. It was $4,764,000,000. 3. Boosted the public debt to a new turn with her to spend the summer dren spent .the Fourth holidays with with her sister, Mrs. R. W. Phillips.^ i relatives in Wrens, Ga. Mrs. G. .'Fuller of Charlotte, N.! Linda Copeland of Columbia, is vis- C., het^ sister, Mrs. Goodwyn of j iting her aunt and uncle, Dr. and Mrs. Greensborjlo, N. C., and Miss Sara | Jack H. Young. Rudd of the Hawaiian Islands, visited Harry Davis has returned from friends here last week. Asheville, N. C., where he has been Miss Virginia Benjamin of Day-j stationed as an officer in_a CCC camp tona- Beach, Fla., is spending her va-! for the past six months cation with her parents, Mr. and Mrs. J. E. Banjamin. Jack Jeanes returned to Walhalla hiirh ^reached June 1?' when it'^stood'after spending several law, Mr, and Mrs. George R. Holland, at $34,427,613,753. Between that date!days with his parents, Mr. and MrsJ Miss Ruth Knight of Dillon, is and June 30, when the fiscal year d* D. Jeanes. "Tspending several days with Miss Peg- Miss Anne Holland, who has been teaching in Clifton, is spending some time with her brother and .‘sister-in closed, the debt was reduced to $33,- 779,000,000, largely through redemp^ tion of veterans’ bonus bonds. Electlic Refrigerator 'Service We have opened an electric re frigerator service department with our present business and are equip ped to service , all makes of electric refrigerators, both household and conunercial. All Work Guaranteed RADIO EXCHANGE Day Phone 36 Night 392-W SAFE Mr. and Mrs. Davis Holland spent gy Sprunt. the w*eek-endr in Winston-Salem, N. i Mr. and Mrs. Jame.s TJnkler have C., with the former’s si.ster and broth-^ returned to their home in Cliffside, er-in-law, Mr. and Mrs. Henry Hearn. i N. C., after spendirfg several doys Mt. and Mrs. H. D. Rantin, Mr. and with the latter’s parents, Mr. and Mr^s. Joe Leake and Lillian SpeakejMrs. E, R. Knox. / spent the week-end in Charleston. i Margaret Simpson arid. Carolyn Mr. and Mrs. Duckett Adair of Co-j Young are attending a house party lumbia, Mr. and Mrs. Rutledge Adair j in Greenville at the home of Mrs. G. of Greenville, spent the week-end here | L. White. / with [their parents, Mr. and Mrs. R. F. ■t Misses ’^dai Miss Elizabeth Harris has returne<l home from Pjoneer Park, where she Madelyn ' Adair, Jeannette^ has lieen attending a house party. Pitts, Florence Adair« Bara Cannon i Miss Elizalieth Copeland, who is and Mary Elizabeth Macklin spenti attending Furman university summer the holiday in Greeiiville, . [school, spent the week-end with her Mrs, C. M. Putnam and son, Carl, fiarents, Mr. And Mrs. Dave W. Cope- From Theft, Fire and Carelessness' \ Protect your valuable p^rs, policies, silver, jewelry, heirlooms, from the accidentsx^hat ’ can brings ruin to treasured possessions. When the >|Eii\tal of our safe de posit boxes, in varied sizes, is so amkginRly low, can you afford to gamble with fate?^nisb woriw ... place your , valuables where you know they are safe fr^ all disaster., Drop in and let.'us show you these deposit their low rental cost.^ es and M. S. Biilei i Son % > BANKERS OLDEST STRONGEST \ Jr.,’ of Charle.ston, W. Va., were the guests of her aunt, Mrs. Edgar Blake ly, during the past week. ^ Mr. and Mrs. B. S. Pii^on have been'spending the past week in Mon- treat, N. C., where Mr. Pinson at tended an educational conference. land. Mr. and Mrs. R. J- Ellison and fam ily spent the week-end in Girard, Ga.,' with relatives. Kathryn Ellison re mained for a few days’ visit, Betty Sbe Simpson is sjiending thisJ viieek in Newberry with her grand-' I ■ I BOYS tjmGm KNOW! SI ft SI It takes aiyoang boy o^ firl to choose a des sert that is really de- Rcioas! You will find • * that nine times out of * ten thejr*!] choose— D 1X1 ICE cream (Trad*-Mark lU^sUnd) Ordinary ke cream won't do. It moat hare -purest cream and natural fruit flavors to get the kids’ votes; 4 X They like ke creafa ubd it’s good for' them; serve them the best! i ^ (XEENWOOD CREAMERY CO. OtJR PRMIUCT IS 801D DAlLT IN CLINTON Dr. and Mrs, R. W. Johnson have pother, Mrs. Shannon, returned from Greer, where they] Mr. and Mrs. ^ohn Wallace Cope- spent a few days w'ith Mr. and Mps. iland, who have been statipned at^ O, T. Law^hg and their son, R. W.,; Sheffield, ALa.^ are visiting the for- Jr. The latter accompanied thern'mer’s parents, Mr. and Mrs. Dave home for a few days’ visit. Mr. and Mrs. Keith Adair returned Bunday from their wedding trip to the lower part of the state, and'are now making their home With the for mer’s mother, Mrs. Bessie N. Adair. '‘ Friends here of Mrs. Jlichard P. Fetguson, Siv, of Spartapburg, will rgeiWt to leai^ of her illness. Mrs. Fergusdp is a patient at the General hospital in that city. Miss Myrtis Holland is spending this week with relatives and friends in Tryon, N. C. Miss Margaret McGregor of RubyT " »»#♦#»#fipyOFMM»Mr -w^-viEiting- bee aunt, Mies Matide tie son sp^'’*9txntimy with-Mrs: Ht>r- ' ‘ ’ - ton’s parents, Mr. and Mrs. G. C. Na- Sumerel. Mrs. J.._D. Jeanes and son. Jack, spent the week-ei^ in Greenville with the former^ sister and brother-in- law, Mr. and .Mrs. G. B. Yeldell. J. Isaac* Copeland of Greenville, spent a few days last week with his parenS^ Sfr. and Mrs. W. D. Cope land. Copeland, Mr. and Mrs. J. Q. Hollingsworth’of Miami, Fla., spent several days last week with Mr. and Mrs, R. P. Chap man. J James Shannon of Newberry, spent Friday with his sister, Mrs. Lewis Simp.son. Mr, and Mrs. Silas Bailey spent the week-end in the mountains of North Carolina. Miss Elizabeth Dobbins of Gold- ville, is spending a few days' with Miss Tokie Adair. Mr. and Mrs. Earl Horton and lit- day in Laurens with Mrs. Ja<dc Wof ford. -• - , Mr. and Mrs. J. Duskin have re turned to their home in St. Peters burg, Fla., after visiting the forme^r’s mother, Mrs. M. L Duskin, who is with her daughter and son-in-law. Dr. and Mrs. T. J. Peake. Miss Mary Todd spent the week-end in High Point, N. C., with* her sister and brother-in-law, Mr. and Mrs. Harry E.iBoHck. She w|m accompan ied iK^me by Mrs. Bolick and little son, who will spend two weeks with her parents^ Mr. and'Mrs. J. Reed Todd. Mr, and Mrs. A. B. Blakely spent a few days .kut week with their daugh ter jmd sondn-law, Mr. and. Mrs. J. A. Harker in Atkins. They were ac companied home by their grand daughter, Miss Katluyn Harker, who has been visitmg h^r grandparents and other relatimM. Among thofe from Clinton spend- ii^ the holidays at Myrtle ^ach were: Mrs.. Ethel R. Pitts, Frances Lae Pitta, Miaees Helen AAttr, Nelle Ahimixie, Maude Geer, Olive Nabors, l^de Bay^ AAipldi Dixon, Qurrard Johaaon, Mr. and Mn, Joa L. Cartar, Or. and Mrs. TWdar Smith. hors, who live near here. Mtj and M«h-Vv^ Pi^ Adair and^ Miss Vivian Parks Adair returned Tuesday from John’s Island, where they visit ed Mrs. Adair’s sister and brother-1 in-law, Mr. and Mrs. Jenkins. P. B. Adair, Misses Louise McCra ry, Tokie Adair, Faye Adair and Bill Mrs. R- P. Chapman apant-yester-4 Home- ef 4Vare^ Khoale, spent the Fourth holidays at Folly Beach. —: Mrs. E. W. Stone and daughter. Miss Mary Allen'" Stone bf Union, were week-end guests of Mr. and Mrs. Clayte C. Bailey. _ Mrs. J. W. Leake, Mrs. Pope Chap man, Mrs. Clayte Bailey, Mi^ Col-j lette Griffin attended the funeral ofj Mrs. Mary A. Crawford in Princeten' Tuesday. Mrsr'" Crawford was the^ step-mother of J, W. Crawford of' this city. j Mr. and Mrs. R. L. Plaxico and son,' Bobby, left Tuesday for a week’s stay | at Highland and Blowing Rock, N. C. Mrs. S. G. Dillard, with a party of Goldville friends, returned Monday from a boat, trip to Jacksonville, Fla. . Mr. and Mrs. Amie Butler and son, Everett, of Youngstown, Ohio, are visiting Mrs. Buffer’s sister and brother-in-law, Mr. and Mrs. W. C. Huffman. Miss Annelle Truluck of Olanta, ar rived yestedray^ to visit Miss Elisa beth Harris. Dorothy Stutts has returned from Spartanburg, where she has beeto vis iting friends. Mrs.''Jack Wolford of Laurens, was the guest Monday of Mr. and Mrs. R. P. ChaFauB. CAPITOL THEATRE Laurens, S. C. MONDAY M TUESDAY JULY 13, 14 Morning Show Both~Mor|)ings at lpK)0 THIS IS A WONDERFUL SHOW CARL.LAEMMLE presents EDNA FERBER'S SHOW slarrino A UNIVERSAL PICTURE ScreenpkxTondlvTicsbYOeoor Haaaersielo 'IL New sonoe and oQ you* oU favorites by feronsKera.hiiscSedl»yIAI4E5 WHALE. A CARL LAEMHU |r. Pmrtusllsa YOUR BIGGEST ENTERTAINMENT SHIP IS COMING IN! iLoaded down with beauty# love, music, —• •g-', heart'ilirobt and pure joyl Irene DUNNE ALLAN lONE