The Clinton chronicle. (Clinton, S.C.) 1901-current, December 30, 1948, Image 8
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^oge Eight
THE CLINTON CHRONICLE
Thursday, December 30, 1948
CREDITORS’ NOTICE
All persons having claims against
the estate of John H. W. Boyd, de
ceased, are hereby notified to file
the same duly verified, with the un
dersigned, and those indebted to said |
estate will please make payment i
likewise.
WM. E. BOYD,
Administrator.
Dec. 20, 1948.—6-3cw.
Coal
Plenty on hand, all
screened. Weights and
price guaranteed.
H. J. PITTS
STORE
By ROGER W. BABSON
Babson Park, Mass., Dec. 24.—
Many friends ask why I do not rec
ommend railroad common stocks.
There will, of course, be further pe
riods when railroad stock prices will
rise. The hopes of speculators spring
eternal. But every rise will, in my
opinion, be followed sooner or later
HEAVY AND
FANCY
GROCERIES
We Deliver
H. J. PITTS
STORE
firazi/ New Year’s
A Summer Holiday
New Year’s Day (Dia de Anno
Bom) is truly a'Red Letter Day in
Brazil: in keeping with the hos
pitality and gaiety universally asso
ciated with the observance of New
Years, it is the day par excellence j
for parties, enthusiastic greeting,
and general celebration.
Dia de Anno Bom is the "middle
day” of the Brazilian holiday season
which begins on Christmas Eve and descent to new lows. I predict
climaxes on Epiphany. Christmas j that in two decades either
itself does not stand out as a time | £ ertair * ra droad common stocks will
of merrymaking so definitely as it hay e disappeared owing to nation-
does among the Anglo-Saxons: the Z*'*?**?
colorful and impressive Christmas a ‘ “
processions are part of the church
festival: in the realm of gift-giving,
Epiphany—symbolizing the gifts
which the Wise Men brought the In
fant Jesus—vies with and even holds
a slight edge over Christmas, espe
cially among the children.
Since it is really June in'Jan
uary south of the equator, the Christ
mas season falls in Midsummer in
stead of during the winter, a ! fact
which has endowed the holidays with
many characteristics of Summer
time festivals. In many cities re
ligious and civic organizations spon-
Greedy Labor, Competitor, Fear of Depression
Combine To Lower Value of Rail Common Stocks
at levels one-half or one-quarter of
what they fare quoted at today, de
pending on the burden of debt in the
case of each road.
Losing To Competitors
To me, the most “bearish” or dis
couraging symptom of the ill fate
j of the railroads is thpt eminent lead
ers in the industry are urging the
Interstate Commerce Commission to
regulate not only the railroads but
all other forms of transporation as
well. To me, this is tantamount to
admission by high-placed railroad
presidents that the railrpad industry
can’t "lick” its competitors. This
also-means that the railroads are
sor open-air "festas.” These affairs not profiting as they hoped from
are attended by throngs of people i their rate increases,
representmg all classes of the popu-1 The railroads surely are fated to
lation, gifts are distributed to under- : suffer further heavy losses to air-
privileged children, while music, I lines, pipelines, inland waterways;
flags, and flowers contribute to the trucks and buses. Consequently,
general gaiety and festivity. “T—- "i they are not satisfied with higher
In a land where all’festivals are rates for themselves but wish to so
endowed with several sets of cus
toms—those assimulated through
foreign intercourse, etc., superim-
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BENJAMIN &
SONS
PLUMBING
...and...
HEATING
SERVICE
Telephone 117
WE ARE HUNTING
TROUBLE
V
manipulate competitive conditions in
a manner that would guarantee the
r rails enough business to maintain
posed upon the ancient traditions I solvency. This would not be in the
brought from Portugal—New Year’s s interest.!
Day is included in the list of Brazil’s ! Railroad Labor Greedy
national holidays and is appropri-1 ^ this time, 16 non-operating
ately designated as the day of uni- ! ra * roac ^ labor unions are demand-
versal brotherhood. i further changes in wages, hours
j and conditions. To grant these re
quests would cost the railroads one
and one-half billion dollars annual
ly, enough to plunge railroad fi
nances "distastrously” into the red.
To judge by precedent, these de-
) mands will be granted only in part;
j but that does not encourage me to
I recommend railroad common stocks.
Railroad labor will not insist on
wages that will cause operating defi
cits for all the roads, but railroad
labor will in the future insist on
wages that will necessitate reduc
tion or omission of many dividends.
Railroad labor,”leagued with labor in
other industries, is immensely more
powerful politically than railroad
shareholders.
Railroad employees as a class are
as worthy of their hire as laborers
in any other industry. I feel never
theless that railroad treasuries are
today as they were vulnerable in
just as vulnerable to labor greed
former times to the avarice of loot
ing capitalists,—such as Jay Gould
and Jim Fiske.
Railroads and Next Depression
Advancing costs have lifted to
the highest point in history the level
of activity that the railroads must
maintain to avoid deficits. This
implies that the carriers will be more
vulnerable than ever during the next
depression. A decline of 10 per cent
in gross earnings could eliminate all
dividends and income bond interest
in the case of some roads.
Before the recent presidential elec
tion,"'the Interstate Commerce Com
mission showed an inclination to
boost rail rates suffficiently to offset
successive wage advances. It now
seems logical to expect that the ICC
will pay some heed to the “mandate”
of November 2 and proceed more
slowly when authorizing rate boosts
that run counter to Mr. Truman’s
campaign against high prices and
further inflation.
Recent Supreme Court Decision
Current plans of many businesses
to relocate near sources of supply,
or to decentralize in order to cut
distance to markets, reveal two more
unfavorable influences in railroad
traffic volume. This movement will
be hastened by the Supreme Court
decision on Base Point Pricing.
The railroads will always be with
us and will always offer the best
means of transportation for^. bulky
heavy freight. But for the sort of
traffic they can definitely retain from
their competitors, the railroads are
overbuilt. Hence, a long period of
deflation appears in prospect for
their junior securities, with nation
alization a possibility.
C, 27th Infantry regiment, of the
famous 25th Infantry (Tropic Light
ning) division, commanded by Major
General William B. Kean.
With the Eighth Army
In Camp Sakai, Japan
Recruit James R. Priester, of this
city, has recently returned to Camp
Sakai, Osaka, Japan, after spending
several days at the Aebano maneu
ver area near Lake Biwa, the largest
fresh water lake in Japan. While
there he participated in several day
and night problems under actual field
conditions.
Priester is a member of Company j
DO YOU HAVE
PROPER
FIRE PROTECTION?
Is your coverage adequate?
Should you suffer a disastrous
lire would your insurance cover
your loss?
Think this over. See os for
all kinds of Insurance, Surety
Bonds and Real Estate.
We invite your business.
CLINTON REALTY
& INSURANCE CO.
B. Hubert Boyd
Phone 6
Notice For Payment of
1948 City Taxes
Notice is hereby given that Town Taxes for the Town
of Clinton are due and collectable up to December 15th
for the year 1948. The Tax Books opened for the col
lection of taxes at the office of the Town Clerk on Octo
ber 15th, and will remain open up to and through De
cember 15th.
j
A penalty of fixe (5%) per cent will be added on all
taxes not paid by this date, and an additional ten (10%)
per cent shall be added if said taxes and penalties are
not paid on or before the 31st day of December, 1948.
The levy for current fiscal year is 40 mills; 15 mills
for current operating expenses, and 25 mills for inter
est and sinking fund on various Bond Issues outstand
ing.
WM. B. OWENS, City Clerk.
Belle’s
Dr. Felder Smith
Optometrist
Laurens, S. C.
126 EAST MAIN STREET
South Side Public Square
HOURS FOR EYE
EXAMINATIONS:
9:00 to 5:30
Wednesdays 9:00 to 12:30
hfhje 794 for Appointment
sChS
Gray
Funeral Home
Clinton, S. C.
FUNERAL DIRECTORS
...and...
EMBALMERS
AMBULANCE SERVICE
Phones 41 and 399-J
L. RUSSELL GRAY and
V. PARKS ADAIR. Gen. Mgra.
Six New Year’s days in a year?
Certainly—absurd as it sounds it’s
true. Here they are:
1. January 1.
2. In that part of the Occident
wherein the Greek Orthodox faith
prevails January 1 falls upon our
January 13.
3. A traditional Chinese New
Year’s celebration starts February
8 and lasts to February 13.
4. If you happened in on the
country of Siam, April 1, you’d find
a great ceremonial festivity under
way-nothing less, in fact, than New
Year’s. ’
5. In Arabia, the Mohammedan
New Year’s is celebrated Septem
ber 4.
6. September 10 is New Year’s in
the ancient country of Abyssinia.
New Year's day has been observed
as a holiday, either civil or religious,
for the last 500 years. Nearly every
where and at all periods it has been
a day of rejoicing.
» A*
Pre-Inventory
COMMERCIAL
HOUSEHOLD WIRING
Electrical Appliance
Repairing and •
Electrical Construction
Work
Floor Plugs A Specialty
ARNOLD M. CANNON
406 W. Maple St. Tel. 414-J
MOBILOIL
Gas and Oil
Complete Line Groceries
CHARUE
NABORS
West Main Street
Goodyear Tires
and Tubes j
BATTERIES AND
ACCESSORIES
McMillan
Service Station
Sinclair Products
Phone No. 2
Jewish New Year
Is Solemn Rite
Jewish people observe the New
Year at a different date and with
more religious solemnity than is
associated with the Christian New
Year.
Rosh Hashana, the name of Jew
ish New Year’s day, may occur any
time between September 5 and
October 5. It is one of the highest
of Orthodox holy days and opens
a period of penitence, prayer and
charity which lasts until Yom Kip-
pur, ten days later. Yom Kippur
means Day of Atonement.
Traditionally, Yom Kippur was
set apart as a day of atonement by
Moses and elaborate ^ceremonies
solemnized its observance until the
offering of sacrifices was aban
doned after the destruction of the
Temple in Jerusalem in 70 A.D.
In modern times, no other Jew
ish fast day or festival is as gen
erally and religiously observed
Services in the synagogues begin
in the evening of the preceeding
day and are continuous until sunset
on the day itself. The souls of the
dead are included in the commu
nity of those pardoned on the. Day
of Atonement, and it is customary
for children to have public mention
made of their diseased parents and
to make charitable gifts on behalf
of their souls.
There is, reportedly, a Book of
Life wherein the name of every liv
ing creature is written. This book
is sealed annually on Yom Kippur.
This is the reason for the customary
Jewish New Year greeting, "May
you be inscribed for • happy New
Year.** .
CALL 74
FOR OFFICE SUPPLIES
Wanted! Man And
Women Who*Are
Hard Of Hearing
To moke this atmsle, no risk besting test with
Ourine dregs need with simple syringe. If you
are deafened, bothered by ringing, bnzxing
bead noises due to hardened or coagulated was
(cerumen), try the Ourine Home Method test
that to many aay has enabled them to hear well
again. Yon must bear better after making tkie
simple test or you get your money back at
once. Ask about Ourine Ear Drape today at
BISHOP-WALKER PHARMACY
YOUNG’S PHARMACY
If Yon Don’t Road
THE CHRONICLE
Yon Don’t Get the New*
Three Days Only! Thursday-Friday-Saturday
LADIES
DRESSES
1-2 price
Large Assortment!
LADIES
GOATS
1-2 price
Wonderful Buys! ~
Just Arrived! Plastic
RAINCOATS
$*.99
-Flared Swing Back
-Three Way Belt
-Bound Inner Seam
—Non-detachable Hood
—Grey, Blue, Rose. Green
—Small, Medium, Large
REDUCED TO CLEAR
LADIES
SUITS
. t—-- e ' *
1-2 price
Come Early for These!
Men’s Winter Overcoats. SI 9.88
Values to $39.50. These are all new stock, all wool, all
this fall’s styles. Sizes 35 to 44.
One Group
LADIES DRESS
SHOES
1-2 price
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All Sizes and Styles!
Wonderful Selection!
COTTON
PRINTS
‘ i.
•4
23c yard
Fast, Color! Yard Wide!
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