Historical Newspapers of South Carolina

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/ 7 .. THE CHRONICLE Strives To Be A Clean ^Newspaper, Complete, N( pic lewsy and Reliable . ,m*f' ... 7 . ' 1 \ ®lrf Clinton Chrontrlr If You Don't Read THE CHRONICLE You Don't Get the News Volume LI Clinton, S. C, Thursday, September 21, 1950 Number 38 A Regular Chronicle Feature Babson Predicts Value Of > r ~ Dollar To Drop In Future New Boston, N. H., Sept. 20—This our great grandchildren or perhaps t f l s y f « i f> k • week 1 am writing about investments lor your grandchildren and great grandchildren. Unless the Korean af fair or some simi lar one develops into World War III, we oldsters will probably see no radical money changes, but our children and grand children will prob ably see real trou bles. Every reader has ®*** f seen our own dol lar drop in purchasing power to less than sixty cents. It will continue to drop, war or no war. I personally have seen the German mark go from 25 cents U. S. dollars, to zero; the Chinese dollar from 50 cents U. S. dollars, to nearly zero; and the French franc from 20 cents U. S. i t dollars to, the present value of one quarter of one cent. The same is true of most of the currencies of the world, including South America. If World War III should come, the value of our dollar could rapidly decline to a very low figure as did our currency in the 1860’s. For a time then many people would refuse to accept paper money for tangible goods. This same thing could happen again. The time to prepare for such an event is now. No company will in sure your house after it starts to burn. • What Will Be Used For Money? As long as any “hard money” such as silver coin is available, it will be accepted. In France, after World War II, the farmers preferred silver tea spoons for money. People, of course, • must use something for money. It must be easy to carry about and eas ily hidden and something which oth er people w^mt. Sterling silver was always acceptable. As gold was unobtainable and sil ver was gradually hoarded, the molt preferred form of money used in Eu rope during the last part of World War II was genuine jewels. Even the farmer would accept this in payment • for food because he could pass it on to others for what he had to buy. Such gems, used for money, must not be too expensive and the supply must be limited. Furthermore, they must be of a nature where the gen uine stones can steadily be recog nized from the synthetic. Value of Marine Jewelry Marine jewels—the products of the ocean—best quality under the above requirements. They are not too ex pensive, yet their supply is limited and they cannot be manufactured artificially without detection. I have in mind such gems as amber, coral, and jet. In fact, there will continue to be fewer of all these marine gems. There will never be any more dia monds made by nature, and as yet the manufacture of diamonds for jewelry is not feasible. In any case the average diamond would be too expensive for bartering with farm ers and tradesmen. Hence, the wholesale prices of such marine gems will slowly in crease due both to the greater scarci ty and the increased labor cost of finding, cutting and polishing these gems. Pearls—both natural and cul tured—can also be classified as ma- marine jewelry. In fact, even the cheap synthetic pearls are made ffom beads covered with a solution of fish scales. But only the expensive nat ural pearls have a limited supply. I believe that those who read this column will, in their lifetime, always be able to use U.S. paper currency even though it continues to decline in value. On the other hand I think nearly every reader will agree that, although We will win World War III if it comes—yet our cities will suffer such destruction and our national debt become so huge—our present paper dollars may be little use to even to our grandchildren. I Therefore, in their interests should we not start a collection of good jewelry, linens, rust-proof cutlery or tools and other non-perishable but universally useful things which can easily be stored? Is it fair to leave these grandchildren only stocks, bonds, and paper dollars which the savings banks and life insurance companies will pay out tb them? Hence, my suggestion is that readers consider putting five percent of their savings each year into a collection of such small permamently valuable articles, storing them for their grand children and great-grandchildren to use as money in some later tempor ary emergency. Such articles should be new—not secondhand—and should be kept locked up in “Grandma’s Treasure Chest” for perhaps fifty years or more. Vehicles Registered In Laurens County Show Increase Special to The Chronicle. Columbia, Sept. 20—The number of automobiles, trucks, and trailers registered in Laurens county during August is an increase over the num ber registered during the same month of the previous year, but the number of motorcycles registered have de clined, according to a report this l week from the State Highway De partment. Last month, 9,746 automobiles, 1,- 876 trucks, and 102 trailers were re- 'gistered for Laurens county resi- : dents, as compared to $.727 automo- i biles, 1,645 trucks, and 81 ttailers registered for the county in August, J1949. Laurens county motorcycle, |registrations totalled 120 last month,; as contrasted to 152 registrations inj the same period of last year. Automobile registrations in South, Carolina last month numbered 429,- j 610, an increase over the 382316 1 registered in August of the preceding 1 year. Truck and trailer registrations | also increased in the state as a whole, truck registrations from 103,181 in August, 1949, to 112,273 for AugustJ , 1950, and trailer registrations from 10,993 to 11,005 in the same periods, j Motorcycle registrations in the' state' declined, however, decreasing from j 7,118 in August, 1949, to 6,239 in Au gust, 1950. Clinton High Loses To Union In Opener MORE PEOPLE ARE READING THE CHRONICLE THAN EVER BEFORE! . the sideline behind good downfleld blocking for a touchdown only to be called back by a clipping penalty. Alfred Johnson, Robert Franzen and By TRUMAN OWENS ' Sam Owens, sparked the defense for The Clinton High Red Devils open- j the Re d Devils and Johnny Davis ed their 1950 football schedule here, and James McElhannon sparked the last Thursday night with the Union offense. High Yellow Jackets. Union won the Duckett sparked the defense for game from the scrappy and smaller Union and Blue and Greene spark- Red Devil team by a score of 14-0, ed the offense. but they really had to fight to get it. The Red Devils journey to Wara Union was highly favored but they, Shoals Friday, night for their next couldn’t score until late in the third encounter. Coach Shealy and Coach quarter when Blue passed to Greene 1 Burnett are doing a fine job with for a first down on the Clinton lojthe spirited Red Devils. yard line and Green took the ball ov-, ATHLETES FOOT GERM er for a touchdown. They scored AMAZING RESULTS again in the 4th quarter on sustained IN ONE HOUR drives by Green and Blue with By using T-4-L, a STRONG, pene- Greene again taking the ball to the trating fungicide, you REACH in land of milk and honey. They passed bedded germs to kill ON CONTACT, for one extra point and ran the oth- FEEL this quick-drying liquid take er. In the second quarter Union had hold INSTANTLY. You must be to punt to Clinton and Sam Owens pleased or your 40c back at any took the punt and handed off to Jim- druggist Today at McGee’s Drug my Kirby who raced 80 yards down, Store. MclNTOSH'S SHOE SHOP Send Your Shoes To Ua far Best Materials and Workmanship. V PUBLIC AMBULANCE SERVICE . Call* 220 Day or Night JOE DIXON 312 E. Ferguson St. Clinton, S. C. Hamilton Ross TRANSLUCENT , MARBIEIZED LNi GHT UGH^ INSERT H LARGE ASH RECEIVER k ki Nk IE V- 3-WAY SWITCH for 3 Stages of Lightl 1. BOTTOM LIGHT KINGSIZE CIGARETTE HOLDER 2, TOP LI GHT 3. TOP and BOTTOM UGHTS • *»**«* FOR 3-WAY I LIGHTING WRITE, PHONE, SHOP IN PERSON FOR THIS SENSATIONAL VALUE! 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