The Clinton chronicle. (Clinton, S.C.) 1901-current, January 29, 1948, Image 7
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Thyrsdoy, January 29, 1948
THE CLINTON CHRONICLE
Page Seven
Change Proposed
By House In
Income Tax Law
(Continued from page one) v
before and after the passage of the
iaw, by Laurens, county and tovyni;
in the county was as follows:
Clinton, $686 in 1946, $2,305 fn
1947; Cross Hill, nothing in 1946,
$212 in 1947; Gray Court, nothing in
1946, $162 in 1947; Laurens, $6,336 in
1946, $2,786 in 1947; and Waterloo,
nothing in 1946; $60 in 1947. Laurens
county received $2,385 in 1946, $4,971
in 1947.
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(Colored)
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THE CHRON1CL*
KLa i GOING UNTIL SUCCESS RESULTED
rjTTHY is it tl)at so often when you lay your plans carefully,
something goes wrong? You fix everything so that you
think nothing can possibly upset your calculations—and then
^ * something promptly does.
But how often things work out for the best
when vizstc no chance of it. Here’s an example:
A few“years ago there was a clerk 1 in Ellin-
wood, Kansas, a town so small that it takes an
eagle to find it, whose. name was Tom Grant ;
or, more formally, W. T. Grant. One summer
there was a crop failure and Tom Grant was
fired. In Kansas, that’s how closely farming
and banking are connected.
He went to Kansas City and got a job sell
ing life insurance. While he was peddling insurance, |here
came to him an astounding idea: he would start an insurance
company himself. Talk about thinking in big terms—well,
young Tom Grant did! This w r as in 1908. .'
The Missouri law decreed that a life insurance company
could be started by anybody who had $3,000 in his pocket; if
a man, br a group of men, had that much money he would he
issued a charter. There wete othtr regulations but this is the
one that concerns us.
So Tom Grant, late of Ellinwood, Kansas, went out and
sold 500 insurance policies at $10 a throw. Now he had the
money to start. He hand-picked Kansas City and chose eight
prominent men as his board of directors. They were a living
proof that his company meant business.
So far,, so good. Then trouble came dow r n like a robot
bomb. TJie company had just barely got under way when there
was a railroad wreck and one of the policy holders was killed.
And the amount of his insurance was $5,000—all the money,
the company had!
Tom Grant called his directors together to discuss the
calamity that had struck. He said, “We’ve got to pay it. It’ll
bankrupt us, but we’ve got to keep faith with our policy
holders.” •
Then he persuaded the directors to sign a note; which he
took to the bank, borrowing that same amount of money. The
^ reputation ^>f these men was goqd—note that, they had a good
reputation—so the bank loaned them the money, they paid the
insurance policy, and continued to operate—on borrowed
money. . v . , * *
There w r as no other immediate death and the~£ompany soon
began to flourish. He called it the Business Men’s Assurance
Company of America.
Today the company owns its own ten-story building in
Kansas City, has branch offices in 33 states, and has 250,000
—:t>°^y holders. f
So, as I’ve said above, sometimes when you make careful
plans to launch an idea, and something goes wrong at the e-
ginning, there is no reason for becoming discouraged. Owi-
come the discouragement and good luck usually follows.
c;:::: rtitr-F F.’tcr.i
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FreeBookTellsofHomeTreAtmentttiat
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due to Excess Acid. Sold on i5 days’ trial I
Ask for “Willard’s Message” which fully
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McGEE'S DRUO-STORT
YOUNG’S PHARMACY
t>. Felder Smith
Optometrist
Laurens, S. C.
126 EAST^MAIN STREET
South Side Public Square
HOURS FOR EYE
EXAMINATIONS:
9:00 to 5:30
Wednesdays 9 0ft trf l2:30
Phone 791 for \ nnuint ment
1 BENJAMIN & |
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Telephone 117
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.'..at...
CITIZENS FEDERAL SAVINGS AND LOAN
ASSOCIATION
I Jr* ‘ » * - * ' *
% „ .
Members’ share accounts at thhf Association are de
signed to enable you to invest any amount at any. time.
Xll aecoLints up to $5,000 are insured by the Federal Sav
ings and Loan Insurance Corporation. All accounts,
whether $1 or large amounts, receive the same detailed,
■> a
-Courteous attention.
LEARN TO SUE IN 1918 — INVESTIGATE NQW.
NEW ACCOUNTS INVITED.
O'TUrf Town Investments Solicited
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CITIZENS /]
JAND LOAN ASSOCIATION
Telephone No. 6
A Clinton Institution Serving Clinton People Since 1909
A Limited Number,
ELECTRIC
BLANKETS
Northern, with All
Controls
Regular $14.50
Priced New for— j
$27.50
While They Last
HOME
SUPPLY CO.
Phone 423
■ .
Telephone Folks
really did a job in
'47
In spite of the continued scarcity of mater
ials and equipment and in the face of rising
costs all along the line, Southern Bell went
right ahead in 1947 improving and expand
ing your telephone serv ice. It was a year of
humming activity as telephone folks went
all out to bring you better telephone service.
There’s still a tremendous job to be done.
More buildings and vast quantities of equip
ment are needed to further improve and ex
pand the service.. If telephone earnings anf
such as will attract the necessary new capital
to pay for continued construction, you can
look forward to further progress in meeting
your telephone needs in ’48. ’^ ==
1947
ACHIEVEMENTS
2/411,000 More local calls handled
each day—bringing the average daily
total to 18/820/000, ^
Mora than 8 out of 10 long distance
calls ware completed while the cut"
tamer held the line.
590/800 New telephones Installed.
29/000 Telephones installed In rural
Completion of $125/000,000 of new
construction to improve and expand
telephone service.
7*~
JOUTHKN BKU TBJFHONI AND TMJORAPN COMPANY.
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T
Committee To Give
i'Favorable' Report
On Reorganization Bill
Columbia, Jan. 28.—A senate com
mittee report on Governor Thur
mond’s state government reorganiza-^
Iron bill was promised today in the
General Assembly. (
j The report, by the judiciary com
mittee, was favorable “with amend-
, ments.^L
The three chief amendments a-
greed to by the committee and out
lined by Chairman Harvey of Beau-
! fort, provide for separate Senate
and House veto of reorganization
recommendations for consideration
of recommendations in whole or in
i part, and for alternate recommen-
I dations when consolidation or elim-
mination of departments or agencies
i is recommended by the reorganiza
tion committee the measure would
,create.
There was indication other amend
ments would be offered when the~
! senate begins actual deliberation of
| the bill.
} One of these. Senator'Gressett of
Calh ;un said, will propose a three
member reorganization commission
appo.nted by the governor.
As written now, the bill would
i create a reorganization commission
i of 7*3 members: three named by the
j governor, three by the Senate, three
j chairmen of the Senate finance and
! by the House and the other iour the
! judiciary committees and house ways
I and means and judiciary commit-
j tees.
Gressette said with such a- lineup
’it was inevitable in his opinion that
it would be difficult for the commis
sion to agree. -A three-member com
mission appointed by the governor
should have little difficilTty in reach
ing decisions, he added;
Considerable support for this pro
posal - was predicted by Gressette. T
He foresaw possible prolonged de-
| liberations over the "measure but:
ssqd "some sort of bill” was sure_to
be passed.
! In the House of Representatives
publicity for .vorkmen’s compensa
tion case records wus a renewed
'question.
’ it’s money against Human rights,”
Rep. Welborn of Anderson said yes-]
terday in opposition to a bill to make
j industrial commission records of
workmen’s compensation cases mat-
! ters of public recqfd. The records
jnow are k pt secrelt, as requital,by.’
*"P'taVute «•' » v-A.,*'’
“Iif these reoiifrds afcB fnade public,”
Welborn declared, “th*' ( ppor working
man who gets hurt won’; be aole,^
get a lawyer. That’s what moneyed
industry and insurers w4nt.”
AuthorE qf the bill were Reps.
Brawley and Rice of Greenville, and
Wallace of York.
Johns-Manville
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