The Clinton chronicle. (Clinton, S.C.) 1901-current, September 25, 1941, Image 8
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Poge Eight
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THE CLINTON CHRONICLE. CLINTON. S C.
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Thursdoy, SepMmbe.r^J9£
SPECIALS
Good CntU November 10th
Life—1 year, $3.50.
American Magazine—2 yrs., $3.50.
See me for others, or call 276.
JAMES W. CALDWELL
SUBSCRIBE TO THE CHRONICLE
The Favorite Paper In CUnton Homea
KEROSENE.
IQc Per Gallon
YARBOROUGH OIL
COMPANY
WEST MAIN STREET
Clinton,
fl. C
Mfba Heeds ifitim$i$s
AND WHY?
• Often, through faulty diet, or
in periods of unusual stress,
Sms/ vitamin deficiencies occur.
Then vitamins tm nnctntrtttd
Jsrm, according to jour Doctor's
findings, should supplement the
regular diet^ We dispense
Abbott Vitamin Products
because of their high vitamin
pcKency, stated vitamin content,
' ' and their troth*to-label claims.
Bring your Doctor’s prescrip*
tions to this pharmacy to be
filled with this dependable
brand at the losrest prices^
SADLER-OWENS
PHARMACY
Telephone 400
REllASLFe
PRESCRIPTIONS
Geared...
to Serve the South
S YMBOLIC of Southern
' Bell’s tremendous im
portance to the vital com*
munication system of the
South is its Seal—an emblem
of proven service to industry
and the public and now to
defense. The national emer*
gency is making unprece*
dented demtmds upon every
resource at our disposal in
men, women, materials and
money. Recces are daily
swelling the ranks of our
trained army of ^ritert.
Onr reserves of basic
equipment are being taxed
utmost to keep pace
D. E. Tribble Co.
I
FUNERAL DIRECTORS
...Mid...
EMBALMERS
Licensed Embalmen, Complete
Modem Equipment
Day Phone
94
Night Phones
24, 253 or 255
Diatinguuhed styling, characterued by a new
nees, maria the new 1942 Chevrolet, introduced to the
motoring public today. Shown above ie the Special De Luxe
Sport Sedan, a rooeny, luxurious, wx-paamnger mddd. A
grflle treatment, srkh integral paridng fights, and the
amart new dongated ftont fendrn, wUdi sweeps bode into
and opene with the front door, are design Ughlights.
Interior appointmenta are in the modem mode.
A Privofre Citizen Speoks His Mind
SPECTATOR COMMENTS ON MEN AND THINGS
with the ever growing de
mands for more and more
telephone aenrice. The more
than 51,000,000 dtdlars re
quired thisyearforconstruct-
ing, reconstructing and a-
dapttog tekphoot fiualides
to meet government and
other telephone needs is be-
ing wMiingl^iJttvescad tt> in
sure die expansion and pro
tection of telephone serricn
throoghoottfae nine south
eastern states we serve —
SesttberisBtttkgeMedfetrve
AeSmih,
SnriaiJBLTaEPiiDE
m raaiin mm
rMeeepeaarss
History repeats itself. Intelligent
men should learn from tho experi
ences of their fathers. Many of our
.citizens cemember what happened
before, during, and after the other
World war. At the outbreak of the
war, prices slumped; cotton went
begging, we urged* people to huy-a-
bale. When we entered the war, pric
es advanced; when the war closed
prices continued to advance. Cotton
sold as high as forty-two cents a
pound. Our bankers, merchants and
farmers made their arrangements on
the basis of high prices. Cotton sold
at forty cents in July, but in Sep
tember it sold for 12 cents! That is
what “broke” the banks, ruined the
merchants and paralyzed the farm
ers. When the taxpayers of the state
suffer such a disaster, is it right to'
continue public spending as though
nothing had happened? We pay taxes
out of our earnings, but^what shall
we do when we have enormous loss
es, instead of earnings? Shall we sell
our homes in order to pay taxes Or
shall we lose our homes and farms,
as was the experience of thousands
of our people?
Have we learned from the experi
ences which followed the other 'World
war? Or must we plunge headlong
into trouble and meet the same fate
I In our private business we may
1 spend more mohey because we are
I not expanding a program which will
i require permanent expenditures. Of
course the wise and thrifty man is
not spending recklessly now; he
knows how hard it would be to
“come down”; but in our public
spending we are developing perma
nent programs. If our public services
are spending oh the basis of great
prosperity what will happen when,
our taxes yield only half as much
revenue?
Teday we are receiving for our
state government many more millions
than we do in normal times, using
every dollar of it; but in 1933 the to
tal state revenue was very materially
less; business and agriculture “dried*
up.”
And now come oUr public services
—all wanting more money. Are we
going to authorize increased appro
priations? Or, shall we begin now to
prepare for the deflation and depres?
sion which follow every war and will
bring misfortune to us, too?
We need not deceive ourselves into
thinking that things will ride along;
think this out for yourselves: When
a mill operates three shifts and cuts
down to one shift, what happens to
the men and women of the two shifts
who are laid off? Multiply that by
all such mills in the United States.
What do you find? A lot of unem
ployment; a great reduction in reve
nue. Let’s not bury our heads in the
sand like ostriches. This * conditio:
will happen. Shall we take time by
the forelock; or shall we drift along
stupidly until we fall headldng into
disaster, such as 1933?
Taxes paid by American industry
for 1940 amounted to 55.0% of net
incomes beforp taxes. If an industry
earned a net profit of $100,000, it
paid $55,900 in taxes. This statement
is ba;^ on the reports filed by 165
enterprises, representing virtually
every kind of busin4^ in the United
states. If we analsrze this further we
1940, as I’ve said ,taxes cmisumed
55.9% of all net earnings, or 2.4%
more than for 1939. As will be seen,
not only is there an increase in dol
lars, but a constant increase in the
percentage of earnings taken for
taxes.
Every one wQl admit that almost
anything is better than a Hitlerized
America; but sober sense should
teach us to cut down on the non-
essentials, while we emphasize the
need for adequate defense.
One of the purposes of any govern
ment 1$^ to protect a citizen in the
enjoyment of his earnings. No gov
ernment should interfere with the
peaceful pursuits of its people be
yond what may be necessary to their
common or community interest. We
find our government not only taxing
industry—and, of course, the con
sumers, heavily, and even interfering
with their use of gasoline, but our
government does not itself curb its
experimental and fantastic social op-
TALKS ABOUT HEALTH
Eat To Llv»>4>eii't Llye To Eat
In the matter of diei my opinion
has always been, “If you like it, eat
it,” but I naturally expect this rule to
be tempered with a little common
sense. Eating properly is an amazing
ly simple habit that comes quite nat
urally to most of us. But, as in ev-
er3rthing else, there is a large group
of people who eat to the point of
over-indulgence.
Dissipation is not merely la matter
of late hours, wine, women jokI song.
Many a person who feels certain that
he is leading a temperiite life is in
temperate in his dio'ice and the
amount of his food. These people lit
erally gorge themselves with food,
feeling that nothing less than a 12-
course dinner could appease their
appetites. Unfortunately, we have
no gauge on the body to tell us just
what dur food intake should be, but
we do have the equivalent for such
an instnnnent—common sqpse. Over
eating brings on overwei^t and as
the figure grows more and more gro
tesque the dangers to the system
grow proportionately.
The h^avy eater who laughed at
diets in the days when they, mii^t
have been heh;>ful seeks them when
it is too late. Overworked organs
and consequently lowered resistance
invite serious ills. He will eventual
ly find that, with digestion ruined
and organic ills present, he is un
able to indulge in the one pleasiire
which life held fof him. But it is
difficult to convince such a persem
that stoking a one-manpower en
gine as though it his a gO-horsepower
capacity will cause the motor to
break down.
An'excellent common-sense max
im to keep in mind Is this one: Eat
to live—don’t live to eat!
W. J. BENJABON
SEKTICB STAnON
Standard Prodneta
Can Washed sad Grsaasi
Tsv Bwteen Apprsdatod
SAT, *T SAW IT IN THE CHBON-
fCLE.” THANK TOU.
CORWS
F Wm rsaovs^ar]
eomvithoaspsc^l
iisse moiisy bask.1
JiFFY*25«
For Sale By
SADLER-OWENS PHARMACT
Dr. Fdder Snitli
Dr. Dneai S. FMor
(M>T01fETRIS18
SpedaliBts In
Eye Examinations
If
Office
Dr. SaOtti, DaUy, 4:15 to i.
Dr. Felder, Daily, to f.
Phone 29 for Appointment
CLINTON, & a
RUBBER stamps
AU Sisas — Qaidk Sendee
CHRONICLE PUBLISHING Oa
erations. It even tries*to call them
defense activities and poxirs into
them hundreds of millions which
should be saved.
NOTICE FOR PAYMENT
OF CITY TAXES
Notice is heifeby given that Town Taxes for the Town
of Ginton will be due and collectable between October
1st-and November l&th,-for the 1941.-The Tax
Books will be opened for the collection of taxes at the
ofike of the Town Gerk on October 1st, and will remain
open each day thereafter, Sunday excepted, up to and
through November 15th.
A penalty of ten (10) per cent will accrue on all taxes
not paid on or before Saturday, November 16th, which
penalty will be in force through Wednesday, December
Slst, after which an additional five (5) per cent .penalty
will accrue.
The levy for current fiscal year is 38V^ mills; 12 mills
for current operating expenses, and 26V^ mills for in
terest and sinking fund on various Bond Issues out
standing. •
D. C. HEUSTESS, Gty Clerk.
A
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And that this amounts to a tax bf
$3.92 on each share of common stock.
The average dividend paid on a
share of stock was $1.91. Think on
that a moment: Each share of stock
paid more than twice as much lor
taxes as it paid to the ovmer. '
Statisticians get quite a thrill out
of figures and like to turn each case
inrid* out, as well as up and down.
Every stockholder ,tpki^ an aver
age, paid $451 in taxes <» his stock.
That to to say, that $451. was deduct
ed from the earnings udiidx jtoloofed
to him, in thqory at least And every
wage-earner had to produce not only
the usual overhead, but had to pro
duce $785 for taxes. So, then, each
wo|^er not only had to produce an
ontoary profit on his woric, in order
to keep his enterprise in operation,
but he must produce a net profit ef
$735 more. •
It wiU be said that these companies
are profiting because of det&iae ex
penditures, directly or indirectly.
That is probably true, but toe net
income has inoeased i7H%
Uiat o< 1950, after paying taxee, while
the taxes have increased 2DJ%. For
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