The Clinton chronicle. (Clinton, S.C.) 1901-current, July 06, 1950, Image 4
Pace Four
THE CLINTON CHRONICLE
Thursday, July 6, 1950
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fy
5Ii? (Elintnn (Chrnnirlp
Established 1900
WILSON W. HARRIS, Editor and PuSlisher
HARRY C. LAYTON, Assistant
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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. Hubert Beyd, Agent
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