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THE CLINTON CHRONICLE Pape Four ^Thursday, June 15, 1950 i A Regular Chronicle Feature No Business Bust* Now In Sight, Opinion Of Babson To Moke Provision for Businessmen Advised Taxes at Death. Babson Park, Mass., June 14— 1Iiaj ... ... Many of the letters which come to Hating" business to avoid unemploy- me are from small investors who; men t Therefore, I see nothing for have not funds en- the businessman to worry about at ters In mind, I am writing this col umn. Unless World war III suddenly comes, I see no “business bust” in sight. In fact, so long as the Cold War continues, President Truman may be justified in artificially in- NOTICE » Notice is hereby given that the subscribers to the capital stock of C. W. Anderson IlGsici/ Company, a corporation to be organized under the laws of the State of South Caro lina, will meet at the office of the corporation, Clinton, South Carolina, at 11:00 a.m., on June 29, 1950, for the purpose of organization and im mediately" thereafter the undersigned will file with the Secretary of State a declaration for charter. C. W. ANDERSON, ROSA W. ANDERSON, lc Incorporators. SUBSCRIBE TO THE CHRONICLE “The Paper Everybody Read* HI ough to subscribe to a reliable invest- men: advisory ser- \ ice. These, I try to ans.ve: - frankly and freely. Recently, however, letters are comm4 from busi nessmen who have not had any invest ment experience, al though successful in their own business. FOR U I C K PLUMBING CALL... TELEPHONE 117 Benjamin & Sons Expert Workmanship CRANE Qualify Materials . n MARK OP LUM DURR quality TIMETO GET THAT PORCH IN SHAPE WITH GOOD . PAINT D.E.TRIBBLE CO. LUMBER and BUILDERS SUPPLIES Smre 1894 Phone 94 ClINTCN.S.C. FOR RE-ELECTION to the U. S. SENATE Mm* •SsScv* mm \ the businessman to worry about at 1 tlhe moment. On the other hand, ; some day there will be a “bust” J when stock prices may sell for one- j half what they are selling for today. This means that a good bank ac count is the best insurance and in- vestmeht for a businessman. Government Bonds Many successful businessmen have all'their money in a factory, or. Borer W. Bobtoa | store, or real estate. They have made | (no provision to enable their family | With such let-j t0 p ay their “death taxes” so-called. 1 As a result, the family has been ob- , iiged to sell, or mortgage, the bus iness in order to pay these taxes. If the death should come during a depression, this could be very ser-^t ious. The Government agrees, how ever, to take the U. S. Government ! 2 1-2 per cent bonus due 1967-71 in payment for these taxes at their face value upon death, even if govern-, ment bonds at that time- may be selling at a discount. Therefore, businessmen should fig ure now what their death taxes will be and always keep enough of these government bonds on hand to pay the tax in an emergney. These bonds, 1 ' however, should be the personal property of the man and not owned by his corporation. High-Grade Bonds These are the bonds which are commonly advertised. They are most ly bonds of utility companies paying only about 3 per cent. They are good investments for insurance companies and other institutions, but I see no reason why a businessmen should buy and at this time. This also ap plies to most preferred stocks. Even non-taxable bonds are selling too high at the present time. Therefore, ! I think that the businessman should : lorget bonds unless they have at- , tractive convertible features. Merchandise Stocks Businessmen who want to buy' ' stocks at this time might well con sider merchandising stocks, especially those of the leading chain stores, j Such corporations have few labor! troubles; they do a cash business and have a turnover of four or five times | a year, and if out of debt, they can s take care of themselves whether we are entering inflation or deflation, j i Let me take this occasion to say ' that during the next few years the greatest opportunities will come to those employed in selling. It will be easy enough for businessmen to get goods manufacturecT but the diffi culty will be to sell them. Young people who are graduating this month from college and high [school will be wise to train to sell, even if it means - house-to-house ped- | dling. Productive Real Estate As a result most businessmen have enough in real estate but I still feel it a prime investment. Well located suburban acreage should be the most desirable. Small fertile farms near settled 1 communities should be good invest ments. I like growing woodland ! which belongs to “no union,” and '“works” day, night, holidays and | Sundays! I don’t c$re much for : buildings or houses. Most well-located land is constant ly growing more valuable! but near- ! ly all buildings thereon are constant ly growing less valuable. Education And Churches j Wise businessmen will liberally, in- Tvest in the family’s health, educa tion and spiritual development. In fact, to be niggardly regarding these things is very dangerous. The truly must important investments are those in the unseen and intangible. 1 There is no use in working hard to make and save money and then have 1 it dissipated by children lacking in ^ood judgment or good religion. OLIN D. JOHNSTON Olin Johnston is seeking re- election to the United States Senate on his own merits and the record he has made while Governor and United States Senator. All Democrats of South Car olina are urged to learn the facts of the work Olin Johnston has done by: ‘ USTENING: Over the tollowing radio sta tions each Monday night: Newberry—WKDK— 7:30 to 7:45 p.m. Greenwood—WCRS— 8:30 to 8:45 p.m. Greenville—WTBC— , 7:30 to 7:45 p.m. Greenville—WMRC— 8:00 to 8:15 p.m. Columbia—WIS— 6:15 to 6:30 p.m. Columbia—WCOS— 6:45 to 7:00 p.m. Columbia—WMSC— 7:15 to 7:30 p.m. Cehimbia—WNOK— 7:45 to S:t6 pjn. Seven Land Sales On Sales Day Seven land sales were conducted on June salesday by the clerk of court, V. R. Fleming. The following sales were made: Citizens Federal Savings & Loan association, Clinton, vs. Charles B. Coates, property in Laurens, sold to O. L. Long, attorney, for $5,250. Citizens Federal Savings Sc Loan association, Clinton, vs. Bruce H. Lothridge, property in Laurens, sold to O. L. Long, attorney, for $5,250. Burlington Savings Bank, Burling ton, Vt., vs. Roy B. Douglas and Gari R. Gray, property in Laurens, sold to W. H. Harley for $5,500. Citizens Federal Savings Sc Loan association, Clinton, vs. Hillard Blakely, property on Garlington street in Laurens, sold to O. L. Long, attorney, for $3,800. Newberry Federal Savings & Loan association, vs. Landrum W. Kenne dy, property in Laurens, sold to Mill er McCuen, attorney, for $4,000. Newfberry Federal Savings St LoaA association, r vs. John H. Bundrick, property in Laurens, sold to Miller McCuen, attorney, for $4,000. Citizens Federal Savings Sc Loan association, vs. Mrs. Jennie Lou Whitten, Abe and Ike Smith, prop erty sold to R. T. Wilson, attorney, for $1,500. Hornsby & Thomas General Contracting 318 West Main SI. — Phone 377-M Before you trade for a new home, see us. We can save you 10',' on material and 10', on labor. Come around and see our work, talk to our satisfied customers, and give us a chance to prove the statement we have just made. Clyde D. Wehunt • BODIES REBUILT • MECHANICAL WORK • DUCO PAINTING • GLASS INSTALLATION • USED PARTS • 24-Hr. WRECKER SERVICE Your Business Will Be Appreciated 108 Airport Road NIGHT PHONE 91-W 50^ GREYHOUND offers r • • i ► • • • ► OR LESS GREYHOUND offers 10 A Round Trip in a Luxurious SuptrCoach to: Indianapolis, Ind $20.00 Key West, Fla 30.70 New York, N. Y 25.85 Oklahoma City, Okla 37.80 San Antonio, Texas 41.25 Scraton, Pa. 29.20 St. Joseph, Mo. 35.10 Montreal. Canada ’42.60 A Round Trip in Easy Chair Comfort All tho Way to: Wilmingtcn. N. C $13.95 Washington, D. C 20.45 New Orleans, La 22.25 Baltimore, Md 21.25 Atlantic City, N. J 24.75 Miami. Fla. 24.75 Pensacola, Fla 17.65 Chicago, IU 24.70 A Round Trip On o Wide Choict of Schedules to: OR LESS GREYHOUND offers: CLINTON BUS STATION E. Carolina Ave. Phone 59 GREYHOUND Asheville, N. C $4.45 Atlanta, Ga. 7.95 Charlotte. N. C. 3.80 Mvrtle Beach 8.95 Charleston 7.39 Knoxville. Tenn. 8.05 Bristol, Va. 8.55 Savannah, Ga. 8.20 THE BHMMUIE NOW IS DODGE I If A SAY MOTORISTS FROM COAST TO COAST YOU COULD PAY $1000 MORE md sflU not match Dodge (or roommess and ruggednon &IGGIR VALUII How convenient to have a luggage compartment that’s really big! Plenty of /extra usable space. BIOGIR VALUII Dodge seats are “khee-level” to givo real support to your legs. Tour present car may never again ba worth what well give NOW! We have more buyers for naed cars than ever. So, today we’re back again .with the best opportunity for yon to make a good deal on yonr present car. Don’t delay—act flow, let’s trade! Here's valui yon can sea—value yon can feel as yon drive—valui you notice in your pockethook! Dodge sleek, well-bred beauty ia apparent to alL Dodge compact do* sign ours me gives you an easier handling car—a ear that's easier to park and garage. Yet insim there's a world of roominess- extra bead GYRO-RATH LOWUT-PRICID AUTOMATIC TRANSMISSION MtS YOU MOM MUTIWG room, shoulder room, leg room, too* Stop in at your nearby Dodge deal* ar's and check Dodge value for yourself. Experience the (lashing P ,ck °P the big, high-comprea* s'on Get-Away Engine—the super* smoothness of Dodge gyrol Fluid Drive. Well leave it to you which car gives most lor your money. COOPER MOTOR COMPANY West Main St. CUntoiio S. C. Phone No. 515