Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

. > ( /_ Thursday, November 17, 1949 THE CLINTON CHRONICLE Page Fiv« Granting Of Pensions Will Mean Good Times For Florida Babson Thinks Retired Workers Will Leave for Sunny Climes. New York City, Nov. 11.—I am in New York checking up with the large cline in receipts from farm market ings. Therefore, most South Caro- I lina farmers will find the ‘squeeze’ i on farm profits will likely be tight again in 1950. This will follow a year in which farm expenses were perhaps the highest on record and farm incomes were reduced because i pf smaller crops,” the group adds that Laurens county received over $18,000 in gasoline tax allotments during the three month period, and over $8,000 in income tax allotments. Distributed to Laurens County from the gasoline tax during the past quarter was 6,331 in July, $6,- 364 in August and $6,378 in Sep- tembsr. One cent of the six ’cent I South Carolina was $373,241. The j distribution is made quarterly on a 1 population basis. OFFICE SUPPLIES Call 74 for all the little item.* needed for the office. i ’■ opinion of the South Carolina group who attended the annual agriculturalt The outlook information will be. state tax on gasoline is distributed outlook conference, Washington, D.! a t county wide extension; among the counties monthly on the C., October 31-November 4, 1949. meetings to be arranged at an early basis of the number of motor ve- The group which attended the con- , date, ference was composed of L. B. Mas- corporations regarding the settle-. sey ’ Spartanburg, A. 1L Ward, Gpfe Mpnvv ment between the! en> and J - T Lazar * Florence, dis-iUOUIUy 0015 nCOVy 'trict agents, Clemson Extension Ser-| ^|| otments for vice; Dr. M. C. Rochester, M. H. Su- _ therland, and P. S. Williamson of the ' (3OS Olid IflCOITIG TOX Clemson Agricultural Economics Ex steel companies and Mr. Murray. They all seem to be dis- * p P oir ? ted ‘ They tension Work; J. S. Miles, associate Special to The Chronicle. v feel that this is a agricultural economist, South Caro- j Columbia, Nov. 9.—The quarterly real victory for la- ii na Experiment Station, Clemson;! report of State Treasurer Jeff Bates bor, although the land Misses Saliie Pearce and Ruby for the quarter beginning July 1, steel companies are J Craven, extension marketing special-| 1949 and ending September 30, 1949, a little better offjist and home management specialist. which w’as issued this week, reports amount alloted to the counties of than if they had ac-J respectively of Winthrop College,} ~~ cepted the Fact, Rock Hill Finding Report as 1 hide licenses sold in each county. The total distribution made to the counties in July was $332,181, and $333,619 was distributed in August. The largest distribution made to the 1 counties was the $334,961 which was alloted among the counties in Sep tember. The rebate from the state income is made to Laurens county for the quarter ending June 30,'1949 came 1 to $8,681, according to the quarterly report of the state treasurer. The \ X V yours Yof They report that the general over- | all outlook for farm products in South 1 Carolina indicates a reliatively high level of production again in 1950.1 They say, however, that the main- 1 submitted by the President’s Board. They also are disappointed that .President Truman and the labor leaders “detoured” the Taft-Hartley B U really was designed for tenance of a high level of production just such purposes. In the Congres- W ju resu it j n further reduction in sional campaign next year this set- pr j ces received for some farm prod- tlement will be used as an argument ucts Thcy point out that marke t- t. jt .he Taft-Hartley bill is unnec-1 j n g q UO tas are already in effect for essary. flue-cured tobacco and peanuts with An ImperUnt Precedent ( a referendum among cotton growers Arthough these corporation offi- on December 15 to determine whether riai; with whom I talked are disap- quotas will be established for cotton oointed. they admit that a precedent' production also. Producers of flue- has been set which may force a great | cured tdbacco and peanuts, and of I many other corporations to adopt a cotton if the vote on December 15 more or less similar pension system. I is favorable, who do not exceed their They state that there are three rea sons why the steel companies were handicapped in their negotiations. One reason is because so many of the top officers themselves have pens.ons. A second reason is be cause the public, although opposed. acreage quotos will be guaranteed 90 percent of parity on the crops they produce. ‘‘Despite the possible lower prices for the things which South Carolina farmers sell next year prices of things which farmers buy will rela- at the present time, to more wage!lively high,” the report continues raises, are sympathetic with the pen sion idea. A third factor in the sit uation is that the Ford Motor Com pany has accepted a noncontributory pens.on system As Henry Ford was the first to ‘In other words, the things wMch farmers buy such as farm machinery and equipment, fertilizers, and most other items will decline relatively less than the prices which farmers will receive for their farm products guarantee $5 a day. they feel that ] and will tend to reduuce their net 1 the Ford Company is again beating; incomes relatively more than the de- the gun. On the other hand, it should | be remembered that all of the com-, mon stock of the Ford Motor Com pany Is now in a charitable trust, and hence, these Ford pensions do not cost the Ford family anything! If all of the steel companies unite ini S similar program, the cost could be 1 passed on to the users of steel and' ‘may not cost the steel companies) stockholders anything”. This, of! course, is an insane method of ac-l counting. It is a good deal like a man loaning m<-ney to his wife and: accepting a note for it and thinking ( it does not cost him anything! ( loads Have Silver Linincs Whatever happens to stockholders of large corporations forced to grant liberal pension systems, this new program should be a great help to Florida. California, Arizona, New Mexiro. Texas and other states with in attractive winter climate. Certain- 1 ly, these retired people will not stick around home, shoveling snow, when 1 they can be healthier, happier and , live cheaper in a southern climate. They will get into their little car and beat it for the South at least for the winter months. Many of these retired men and wives, whose families have grown up| and moved away, will permanently | change their residents to Florida, j California or one of these other states. In the case of Florida, these people can buy a house for about | 85,000 which is exempt from all local; taxes provided they make Florida their home. There also are other advantages in moving to one of the! above states. As a result, this new; pension may postpone a decline in | real estate prices in these southern states which have already had morej or less of a real estate boom. Real Estate Outlook For some months real estate sales have been slowing up in most North ern cities. This especially applies to the higher priced and larger houses. Unemployment is forcing families to double up which is throwing houses on the market. The great increase in divorces is also a definite factor in the real estate situation. If the new pension craze is to be a boom for Southern communities, it should be bearish on Northern communities where these people are now located as they will want to sell their pres ent Northern homes. Due to the fact that the cream is off of the real estate business in many sections, the cost of new build ing has declined somewhat. It is certainly true that you can build a better house for the same money now than was the case a year or two ago when contractors were so inde pendent gnd unreliable. My pres ent advice on new building is as fol lows; If you have been waiting for a home, the time has come when you might seriously consider building for your own occupancy. The time, however, has not yet come to build a house or business property to rent to someone else. There are much better investments today than houses or stores. 1950 Farm Outlook Shows Careful Planning Needed Clemson, Nov. 12.—With the agri cultural outlook not too optimistic for next year South Carolina farm ers should plan for a more efficient use of farm labor, farm land, farm machinery and equipment and en deavor to make wise use of the mon ey they spend by reducing costs wherever practical. This is the An Announcement I AM NOW PREPARED TO DO Y(H R Commercial and Industrial Electrical Work ALSO ALL KINDS OF MAINTENANCE WORK. SMALL OR LARGE JOBS — PROMPT SERVICE f Whatever Y’our Needs — Call Cs G. C. SUBER (SONNY) Phone 131-W — Florida Street ,4; 0 Ji Look at the Record! CHEVROLET ADVAHCE-DESI6N TRUCKS PREFERRED OVER NEXT MAKE BY MORE THAN 2 TO 1* Here is clear-cut endorsement by truck buyers and users as revealed by official registration figures —and what’s more, Chevrolet trucks outsell the next two makes combined.* That’s the record —now look at the reasons. ' 6 , Look at Chevrolet’s sturdy construction, rugged power with economy, handling ease and convenience. Look at all the extra advantages of Chevrolettrucks and then add the /owes! list prices in the industry. Now you know why Chevrolet trucks lead them all! Come in and let us show you and tell you the full story of Chevrolet truck value! •Official Registration Figures covering Chevrolet weight class for the ten months, Dec. 1948 - Sept. 1949 CHEVROLET Featuring VALVESN-HEAD ENGINES—Greater power per gallon, lower cost per load • DIAPHRAGM SPRING CLUTCH— Smooth engagement • SYNCHRO-MESH TRANSMISSIONS— Quick, smooth shifting • HYPOID REAR AXLES—5 times stronger than spiral bevel type • DOUBLE-ARTICULATED BRAKES—Complete driver control • WiDE-BASE WHEELS— Increased tire mileage • ADVANCE-DESIGN STYLING—With the Cab that “Breathe*” • BALL-TYPE STEERING—Easier handling . UNIT-DESIGN BODIES-Precision built GILES CHEVROLET COMPANY, Inc. Phone 26 West Main Street Clinton, S. C. \x