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Page Two THE CLINTON CHRONICLE Thursday, February 16, 1950 State Senate Kills Game And sidcr a vote taken on Tuesday which killed the bill. Senator Ralph Wil son of Laurens county voted with the major.tv. opposing the bill. The oill would have created a 12- Fisb treasure ^ ' V. — Social to Tt'o Cbruru-le Columbia, Feb. 8—The state sen ate last week killed the bill to "ere- name game wardens. ate a game and fish commission, to m define ,t> powers and duties, to pro-' SAVINGS BONDS SOLD \ de for the protection, restorativLu' ..nd propagat on of game buds, fi> \ c h a j rman 0 f t he U. S. Sayihgs Bonds of $41, Babson’s Letter member commission to replace the Babson Park,— Fla., Feb. Man} chief game warden’s oflice. The com- have edme to me asking thatj nel passed last year by the house of rep- resentatives and had been carried j iver until this session by the setoatei The bill was actually, killed by a 20 to 18 roll call vote held Wed-i nesday defeating a motion to recon-, ty during the month of January. THE CHRONICLE Completely Covers Clinton's Trade 1 Area for Advertisers There Is No Substitute for Newi- paper Advertisln* mission would have had' the power to 1 suggest ^Sn investment .w hibh com bines: (1) proper f diversification: (2) , an inflation hedge based upon low D. F. - Patterson, Laurens county iP ■ cost compared with and fur-bearlnfi animals, and to pro- diWaion’^orti’the $41,896:25 jK *MM hniere^t \ ;de iOr ..ic employment of perbon- in savings Bonds for Laurens coun- 1 -for such purposes. The bill was /< 1921-1949 Hugh L. Eichelberger NEW YORK LIFE MAN 28 YEARS EXPERIENCE PROFESSIONAL INSURANCE INFORMATION FURNISHED FREE . Member The National Association of Life Underwriters ■J SPECIAL .ove mon<T sav«/ uce ' EMI’LSinFD CLEANSING CREAM Ural for dry tkina. Rich in lanolin. PINK CLEANSING CREAM Refreshing for normal •nd oily skins. Gives a ficsher look. $ 1.75 size now $ *3.00 size nou *1.93 Pius tax LIMITED TIME ONLY Your skin is "special*'—it needs its own kind of cleansing. That’s whyTussy makes two different cleansing creams. One of them is for vou—as right for you as your best bat. Now—for a short time—vou can buy Tussy Cleansing Creams at 8tock-up-and-sa\c prices! Young^ Pharmacy Phone 19 We Deliver AMERICA’S BIGGEST COLA VALUE! ___ When you buy the big, BIG 12-ounce bottle of Pepsi Cola, you get TWO FULL GLASSES in every bottle — yet you ALSO get top quality in every drop. Ounce for ounce, no finer cola! So today, tomorrow, ALWAYS — buy America’s BIGGEST cola value: Pepsi-Cohi! Whenever you shop, always take home six big, BIG 12 : ourice bolt Fes of PejpebColaTor Oie TamityrTWELYH full glasses — plenty for all! j No Finer Value at Any Price! PEPSI COLA BOTTLING CO. GREENVILLE, S. C. yield, and (4) free-i dom from labor! troubles. This last is .very important, j After considerable' Bof*r W. B»b»o* thought, I recom-; i mend stocks or good long established fire insurance companies, and here-i with are my reasons. Any of these 'stocks can be purchased through! jyour local bank. 1. Insurance companies are actual-! ly well diversified and balanced “in vestment trusts” with a second source of earnings from the insur ance business. This second source | will often produce as much income as the stocks and bonds which thej company owns. Furthermore, the J purchasers of this form of invest-! jment trust should receive more in-| I come—and certainly more security j I—than by the direct purchase of; most securities. For instance, the Home Insurance Company, the stock of which sells at $35 a share, has in vested assets of $60 a share. 2. Fire insurance stocks are sell-; Tng at a low ratio to liquidating val-; ue. To take the case of the Home Insurance Company again as an ex- 1 ample.iris selling at about 85 per cent of its current liquidating value. I Since 1935 the average annual range for all fire insurance companies has been less than the liquidating valued As most insurance companies have| a portfolio of good common stocks, they should be a fair inflation hedge. Dividend Outlook | 3. Generally dividends on fire in- ! surance stocks gradually increase. The ratio of dividends paid to in vestment income received is below the normal average for other classes of stocks. This shows conservative management. The leveling ofif of premiums will stop the drain on sur plus and permit greater dividends. Increasing dividends should cause increasing market prices, i 4. There are cycles in the insur- I ance business. The cycle how is i that of a period of good earnings, j which give a yield between 4 per i cent and 5 per cent although a large i part, of the assets are in Government i Bonds. Perhaps never before in ! history has~T>roperty been so nearly ! insured to full value. The rates are {not ordinarily reduced until five-, year-average results demonstrate them to be too high. When rates again begin to be re duced and or fire losses -increase, dividends and prices of the fire in surance stocks may again decline for a period. Small Labor Expense 5. A period of labor troubles, such as we are witnessing today—should direct attention to the advantage of insurance company stocks. The cost I of labor for the insurance industry ! is around 10 per cent of the volume j of business. This compares with a i labor cost of from 40 per cent to 50 j per cent in most industries. This gives a great advantage to fire in- i surance companies. | Any increased labor co5!s go into i the expenses and are taken into consideration in the fixing pf rates l as well as in the payment of taxes. If drastic labor trouble should oc cur, this type of company, having a small investment in plant, can be moved to a new locality. But the percentage of labor cost is so small, this is seldom necessary. Selecting Stock To Buy I use the Home as an illustration [because it is the largest in the Unit ed States in total admitted assets and in premiums written, although only the fourth in policyholders surplus. I happen to be a director and have great confidence in its president, Harold V. Smith. Also there are oth er good companies such as Great American, American of Newark, Fir- men’s of Newark, Aetna, National Fire, Continental, Fidelity-Phenix, ! Insurance Company of North Amer ica, Springfield Fire & Marine. If you are ultra-conservative, buy some stock in all 10 companies. Then you should have the best possible combination of safety and income. Another suggestion is that you look at your insurance policies. If you find one of the above 10, then buy lome stock in that company. If it is good enough for you to in sure in, it should be-good enough for you to invest in. The business of an insurance company is probably the most Christian of ail business. It is based 100 per cent upon the prin ciple that those who escape fire, aq- cident and other troubles, all unite THREE DAYS ONLY! to help the one who has an unfortun ate loss. William Weir In Naval Reserve William S. Weir of this city has joined the Naval Reserve and was sworn in this week by the naval re serve office^-in charge at Spartan burg. Weir wSs-'discharged from the navy in February 1946 as a machin ist mate third class and his civilian work since then qualified him for the rating of builder second class in the SeaBee’s. OFFICE BOOKS—Ledgers, all kinds. Ledger Sheets, Loose Leaf Bind ers, Cash Boors, Journals, Day Books, Sales Books, Columnar Pads. CaU 74. Chronicle Publishing Co. 30 Suits and 8 Topcoats 1-2 Price Regular Fall and Medium Weights, by Griffon and Curlee (Small Alteration Charges. Sales Cash) Broken Lot Men’s Sport Shirts 1-2 Price (Cotton Flannel, Wools and Rayons) i \ One Group Dress Shirts $1.95 Regular $2.95 and $3.95 Values (Assorted Collar Styles in Patterns and Whites) One Lot Sweaters 1-2 Price By McGregor (Slightly Soiled). Sleeveless, Slipover and Coat Styles t: :i / One Group Raincoats 33i ^ Off (Nationally Advertised Brand) ® COME EARLY FOR SELECTIONS ON THESE FAR-BELOW-COST ITEMS ADAIR'S REN’S SHOP ‘For the Man Who Cares’ Big Money - Savings For Thursday - Friday - Saturday SHENANDOAH DISHES 14-inch Platters 3 for $1.00 16-inch Platters 2 for $1.00 Soup Bowls c. 12 for $1.00 Cups 12 for $1.00 Plates 6 for $1.00 $3.50 Luggage Racks $1.00 $22.50 Floor Lamps $15.00 Wunda-Weave Cotton Rugs 50% OH Wool Rugs ...„.. 2CT%_ Off Table Lamps 20% Off" Pictures t *..... 20% Off ic % Tables, all types 20% Off Air-Pok Luggage 20% OH One New $279 Monarch Electric Range $ One New $319 8-H. Hot Point Freezer $259 Congoleum, $1.00 sq. yd., now 75c Inlaid Linoleum, $2.55 sq. yd., $1.95 All Heaters in stock 25% OH All Mirror* 20% OH One Portable Factory-Rebuilt Singer Machine $45.00 This is all new stock, and things you need every day in your home, so come to T. E. Jones & Sons and save your money. I. L Jones & Sons Home Outfitters