The Clinton chronicle. (Clinton, S.C.) 1901-current, June 15, 1950, Image 12
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