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Pace Four THE CLINTON CHRONICLE Thursday, July 6, 1950 -V : . fy 5Ii? (Elintnn (Chrnnirlp Established 1900 WILSON W. HARRIS, Editor and PuSlisher HARRY C. LAYTON, Assistant Published Every Thursday By THE CHRONICLE PUBLISHING COMPANY’ Subscnption Rate (Payable In Advance): One Year $2.00 Six Months $1.25 Entered as Second Class Mail Matter at the Post Office at Clinton, S. C^ under Act of Congress March 3, 18 7 9. The Chronicle seeks l le cooperation of its subscribers and readers— the publisher will at all timeo appreciate wise suggestions and kindly advice. The Chronicle will publish letters of general interest when they are not of a defamatory nature. Anonymous communications will not be noticed. This paper is not responsible for the views or opinions of its correspondents. MEMBER: SOUTH CAROLINA PRESS ASSOCIATION NATIONAL EDITORIAL ASSOCIATION National Advertising Representative AMERICAN PRESS ASSOCIATION New York Chicago Detroit Philadelphia CLINTON, S. C.. THURSDAY. JULY 6. 1950 provements through the recent bond issue, we would not think that the City Has No Business In Real Estate Business city treasury will stand borrowing While the city administration has money to go into an expensive real made no statement, it was reported i es !- a t e experiment of this type, in a Washington news dispatch early 1 Government has no business in the last month that the Public Housing real estate business. It is not the re- Authority had okayed 60 units of sponsibility of a municipaUty to fur- low-rent housing for Clinton. Anoth- msh people houses in which to live er news dispatch yesterday said an >’ more than it ^ their responsibil- President Truman had approved a ‘ *ty to furnish them food and cloth- S2P..000 loan for planning the project., in S- This socialistic trend has taken A ^milar allotment was announced over the national government and some time ago for Laurens, Aibbevilie '^'hen and if it can—it will take over and several other towns. The latest South Carolina and all other states report says that the government unless we stand up and fight for our no civil rights measures passed; there will be no federal health in-j surance measure; there will be no, aid to education bill; there will be| ! no increase in coverage of social I security, including domestics; there i may be extension of the draft law, but not until in the session and as !a result the present law may expire' and many young men Rkely will be| j forced to re-register. The private power Interests are, i again all set to block the adminis-j tration policy on the public power! question and it appears that an all- out fight will wind up the senate on this issue. At the recent meeting of the Ed ison Institute in Atlantic City, N. J., j speakers leveled one tirade after j another at the Truman administra tion on the pow’er and other issues, j The big oil interests are also active seeking to block any import of for eign oil. Paradoxically Texas congressmen are reported to be in receipt of a! resolution from the Houston, Texas,! cotton exchange deploring this action and declaring that even though Tex-! .as is the leading oil producing state,} ! imports of foreign oil are necessary, j so that foreign nations may buy Tex-! [as cotton, which is the backbone of; i Texas. SUBSCRIBE TO THE CHRONICLB “The Paper Everybody Reads” plan..- 2.590 harries of this kind. rights as taxpayers. the speculative venture. It is five years since the war closed. It is high time that govern ment confine itself to its responsibili ties as set forth under the Constitu tion and stop entering every field of business and industry in competition with the tax-paying public. As Washington Sees it . . WE NATIONAL SCENE Such building projects are in di- The proposal is expensive, sqcial- rect competition with property own- istic and not needed. The taxpayers crs. bank.-, and home loan agencies should be heard from. Business men helping people become home-owners -vho feel that it is unsound and un- through their own initiative. | wise for the city to go into the real The proposal was endorsed by k us * nes s sh° u kl say. so now. council some time ago, and whether. we have heard ex- correct or not, it is reported that a | P L ress J he, ?^ VeS . ar ?. S A r ° ng y agamst government representative request ed the administration to seek such a project, It is learned, though not of ficially from council, that it appoint ed a housing committee to make ap plication for the hand-out to cost approximteiy $300,000. Who compos- e- the commission, what action has it taken? Has it made application for the project without consulting tax payers or showing them the courtesy of .i hearing.’ Why so much secrecy, we ask, why doesn't the administra-J tion inform taxpayers what is being! done. All matters coming before city council, regardless of its personnel, that concern the general p u t> 1 i c Special to The Chronicle, should be publicly reported. And + Washington, July 3—One of the there should be no secret ballots on, most important pieces of news in the any question. The voters and tax-; congress this past week is the de- payers have a tight to know’ what cision of the house ways and means stand in taken by each councilman committee to levy a corporation tax on all matters, each member should to replace the loss because of excise have the courage to stand up and be, tax cuts. counted. We say the people have a President Truman had threatened' right to know both sides of every to veto the tax bill containing ap- question that affects the general p r0 ximately a billion-dollar cut in P uo!ic - excise taxes unless the loss was off- 1 It occurs to us that before action set by new taxes from some other is taken by the committee appointed source. by council that a public hearing In meeting the President's condi- should be had, the facts should be tions the ways and means committee given the taxpayers, and those who apparently has written an entirely favor or oppose such a socialistic plan new corporate tax bill which would should be given an opportunity to impose a 21 per cent normal tax on express themselves. all corporation earnings, plus a 20' The Chamber of Commerce is set per cent surtax on income in excess i up to act as a community forum. Has'of $25,000. i VOTE TO Re-elect O. FRANK THORNTON SECRETARY OF STATE After serving 14 years as a Clerk in the State Government the General Assembly gave him the deserved promotion by electing him Secretary of State. Now serving efficiently as Sec retary of State and asking for re-election on record of ser vice. Civic leader and for 12 years chairman of his local church board. it been consulted in this matter? Do the directors know anything about the proposal and what it involves? Actually the bill, according to its I sponsors will hit only corporations earning more than $167,000 a year Do they endorse government compe- Small corporations making up to $5,- tition with private business of the 1 000 would 'be taxed as at present and community? Those who support the j firms earning between $5,000 and organization financially have a right $167,000 would actually benefit from to know the sentiment of the organ- | a tax cut. ization Also, civic clubs of the city In the meantime, politics contin- should express themselves. ; ued to play its hand in most every! Some one says that it will not cost: other section of congress, with the i anything. That is all bunk and a exception of legislative approval of 1 scheme of the Truman spenders to, two senate committees of $1,222,500,- 1 fool the people. The money must 000 for the arms aid program to na- ! come from somewhere, it cannot be tions in the Atlantic pact opposing snatched out of the clouds, and it' communism. must be paid back tby the American! Vice-President Alben Barkley took taxpayers. Losses are only added to an unprecedented action when he' the present gigantic public debt oi, questioned the motives of 21 Re- ( 253 billion dollars, about $1,704.50 ! publicans who are insisting the Am-' for each living American, and stead-' erasia case be reopened despite tihe ily climbing daily. The government action of two grand juries which held report tor the year ending July 1 ! there is no room for indictment. Sen- shows that it spent $110,000,000 a' ator Barkley voiced the bpinion that day throughout fiscal 1950 and went | there is “grave doubt of the wis- $8,554,000 deeper in the hole every dom of using the senate as a grand 24 hours. It piled up a $3,122,102,357 deficit for the twelve months which you will help pay. These government projects are fi nanced by the sale of bonds to pri vate investors. Upon completion, they become the property of the city hous ing authorities. And then what hap pens? The local authority in charge must select a permanent secretary, a full-time job, at a substantial sal ary to be fixed we presume by the federal government. He will be the rent collector and charged with keep ing the property in repair and the units rented. What will happen when renters fail to pay their rent, we are' not told. And if these units are un occupied and on the hands 61 the city, what will happen? The public is not informed. It is, as we have said before, an other case of Washington spenders determined to take over private in dustry and create unfair competition against home providing organizations which are meeting local needs of re sponsible people and earning divi- dehds Tor” their investors. It gives government an unfair advantage. And this question. With the an nouncement that a $28,000 loan for planning has been approved in Washington, haw is it to be paid back? With the substantial amount being put into needed public im- jury to investigate public officials.”. The charges of Sen. Joseph Mc Carthy of Wisconsin, which are daily! met by counter-charges and denials' from the state department, and which still have resulted in nothing tangible, are in the hands of the| senate committee headed by Senator Tydings of Maryland. Although the committee seems to be inactive, in the light of other senate committees in the recent past which used the Hollywood technique, the Tydings | committee nevertheless is cooperat ing fully with the FBI and the de-1 partment of justice, and as fast as worthwhile evidence is developed it j is turned over to these organizations for action before a federal grand jury. Resent arrests by the FBI are said to stem from evidence unearth- by the committee. On the economic front, according to the statistics, business and in come continue to be up, unemploy ment is lessening, life insurance sales are on the increase and the com- mittee for economic .development composeT of outstanding business leaders reports that real wages will be doubled within the next few years. With congress set to adjourn in early or middle August, it appeared definite that there wiR be no Taft- Hartley law repeal; there will be Don't wonder.... DO SOMETHING! Don’t go through life pes tered by worries as to what might happen if certain disas ters came your way. DO SOMETHING about them in advance. There are many kinds of insurance to protect you against losses by Are, wind, theft, accidents, lawsuits and other calamities. Let us take a lot of worries out of your life ... with sen sible insurance coverages. Ask us today for the Amer ica Fore Insurance booklet, “YOUR INSURANCE QUIZ.” CLINTON REALTY & INSURANCE CO. B. 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