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Thursday. December 22, 1949 \ THE CLINTON CHRONICLE Pa*e Three A Chronicle Feature CHRONICLE TO CARRY BABSON YEAR'S FORECAST NEXT WEEK THE CHRONICLE will publish Roger W. Babson’s Business and Fi nancial Outlook For 1050 next week We bring this article to your attention because our readers de- 1 serve the best. Consequently, be- ■ cause of Mr. Batson’s outstanding | record for accuracy in his annual | forecasts—an average of 87 percent for the past 14 years—we are pub-; lishing this feature to give you a preview of business and finance in 1950. Mr. Babson’s 19.50 outlook wi M . contain 50 forecasts covering sue'', important topics as: General Business Commodity Prices Taxes Retail and Foreign Trade Labor Deficit Financing Farm Outlook Stock Market Real Estate Politics. On December 29, 1948, Mr. Bab-, son predicted: _ / ■ . } (1) That the total volume of bus iness for 1949 will be less than that of 1948. (2) That the peak - in wholesale commodity prices has been reached for this cycle. •• (3) That Federal taxes will not be decreased during 1949. 1 (4) That some labor leaders will, | during 1949, work for pension sys tems and sick benefits. His Background American business has no more inspiring personality than Roger W. \ Babson, internationally-Known bus- i iness commentator , and investment! adviser. An outstanding feature of, his philosophy has been his life-long | insistence on the importance of re-! ligion in business. 1 | , Born in 1875, reared in an old- { fashioned atmosphere of hard work and hustle on a farm in Gloucester, Mr. Babson went to the Massachu setts Institute o fTechnology. Upon graduating in 1898, he turned in stinctively to financial and business activities. His exertions, however-, under-1 mined his health; he contracted tu- j berculosis and he was sent West “as! good as dead”! It was while he was 1 convalescing from this dread malady that he worked out some of the pos sibilities and problems of business statistics. That was more than 45 years ago. | Today his weekly statistical and fi- i nancial reports are read by thous- j ands of businessmen and his research | work is carried on by a large staff of workers. Mr. Babson founded Babson in- Roger W. Babson stitute for men; and, in cooperation with Mrs. Babson, developed Web ber college for women—both nation ally-known educational institutions. 1 Here young men and women may concentrate more in the fundamen tals and less on the frills of busi ness. More recently he founded Utopia college for men, located in Eureka, JCansas, the center of Mr. Babson’s “Magic Circle”. He is also reviving an interest in Sir Thomas Moore who 400 years* ago—outlined in his “U- topia” the only solution to our prob lems. Only this year tye has been active in the establishment of still another other medium of service to the public, the Gravity Research foundation, located at New Boston, New Hampshire. To millions of newspaper readers, Mr. Babson is best known by his familiar weekly stories on business. Of unbounded energy, Roger W. Babson has probably done more than any other man to bring statistics to life, to install a broader vision in businessmen, and to publicize the ups-and-downs of the business cy cle. His weekly letter is a regular feature of THE CHRONICLE. THE HUMAN TOUCH May every soul that touches mine— Be it the slighest contact, Get therefrom some good. Some little grace, one kindly thought. One aspiration yet unfelt, On ebit of courage for the darken ing sky, One gleam of faith to brave the thickening ills of life,, One glimpse of brighter skies be yond the gathering mist, To make this life worthwhile, And heaven a surer heritage. —Selected. Additional County Roads Approved For State System Special to The Chronicle. Columbia. Dec. 21.—The South Carolina State Highway Depart ment, at its December meeting hvhich was held in Columbia last Thurs day, set the farm-to-market road construction program for 1950-51 at $4,500,000. The current program calls for $9,000,000. The commission also announced that the highway department’s total estimated revenues for the calendar year 1950 would be $24,000,000, in cluding $19,500,000 from the state tax on gasoline. A resolution was adopted calling for an investigation into the activities of Lt. Lee Huttd of the First Highway Patrol District. Concerning Laurens county, the commission approved the following additions to the Federal Aid Second ary System, which ware worked out between the department and the Bu reau of Public Roads: Road 36, FAS Route 642: From FAS route 63 near Mt. Gallager church and school northeasterly ac ross FAS route 632 to FA route 15 near Maddens, a distance of 9.4 miles; Road 37 and Road 41, FAS route 645; from FA route 15 in Laurens southwesterly to FAS route 635 near New Prospect school, a distance of 3.7 miles. NO ONE EVER FINDS THEM ALL Happiness is like a crystal, Fair and exquisite and clear, " Broken in a million pieces. Scattered far and near. Now and then along life’s pathway Lo, some shining fragments fall, But there are so many pieces, No one ever finds them all. You may find a bit of beauty, Or an honest share of wealth, While another just beside you Gathers honor, love, or health. Vain to choose or graao unduly, Broken is the perfect! ba ^* And there are so mafty pieces, Np one ever finds them all. Yet the wise, as on their journey, 1 Treasure every fragment clear; : Fit them as they may together, ! Imagining the shattered sphere, 'Learning ever to be thankful, 1 Though their share of it be small, For it has so many pieces, 1 No one ever finds them all. —Author Unknown. ; SUBSCRIBE TO THb CHRONICLJ “The Paper Fvervbod* I* We sincerely appreciate TOUR PATRONAGE AND GOOD WILL AND TAKE THIS OPPOR TUNITY TO E X P R E S S. OUR CRAT1TUDE BY SAYING . . . A Ckd&tmaA JOE’S ESSO SERVICE Just th« some old wish, 'tis true t tfith oil the sincerity in jhe world with o genuine oppreciotion of courtesies ond favors?' SUMEREL’S DEPARTMENT STORE i • ' „ 4 The Home’of Better Values” WE WANT TO SAY THANKYOU MANY TIMES We ore groteful for eoch opportunity to serve you and feel privileged indeed every time you coll on us. May you hove the joy of a happy Christmas ond may you be blessed will oil good things. CHANDLER'S GARAGE H, G. CHANDLER I - . ‘ - We welcome the approach of another Christmas as we extend our sincere Greetings and express the wish that you and yours will have a Merry Christmas. As we look about us and give serious thought to whot hos transpired the past twelve months, we hove much for which to be thankful, especially friends and a fine community. . ' We are thinking of our loyal employees. We extend~every good wish to you and hope that your Christmas season may be overflowing with the real holiday spirit and your New Year be crowned with happiness and prosperity. Clinton Cotton Mills ••• and... Lydia Cotton Mills