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/ ♦ 4 ■ « 0 <r Thursday, November 16, 1950 THE CUNTON CHRONICLE Pace Three Canada Fights Inflation With Balanced Budgets Ottawa, Nov. 11—Canada is fight ing inflation with balanced budgets and higher taxes in the hope of bringing down the cost of living from its current all-time peak. Some Canadians feel Canada is t .Jring more effective action against inflation than the U. S., but there is no attitude of smugness. The cost of living in Canada at the beginning of October stood at the all-time peak of 170.7 per cent of the 1935-39 average. A year be fore the cost of living was 152.2. However, her government takes special pride in the fact that since the war her budget has not only been balanced, but has yielded sub- htantial surpluses—surplus-financing rather than deficit-financing. To achieve this the government in the first post-war years kept taxes near the war-time level rather than dropping them as fast as the United States did. This was a policy of fight ing inflation by keeping down the supply of money in the public’s hands until the supply of goods could catch up with demand. Then, in 1949, with goods more plentiful and with some threats of recession, taxes were cut so as to give a fillip to buying. Again, this year, when Korean de velopments made it necessary to double defense expenditures, parlia ment was called in September am new taxes imposed to pay for the increased expenditures. Thus the budget is being kept in balance, with at least a moderate surplus. It is anti-mliationary to the ex tent that it takes money out of cir culation and stops it bidding for goods made scarce by defense build ing. Lucas of Illinois, and his assistant. Senator Myers of Pennsylvania. The late Senator George Norris of Nebraska, Independent Republi- It is part of a “pay-as-we-go” pol-ican, battled for years to eliminate icy which will be followed to a» great a degree as possible unless a full world war makes it Impossible the regular lame duck sessions of congress. He finally won when con gress passed the constitutional re- But, meantime, out of the surplus- j vision and it was quickly ratified by es of the last few years, Canada hasUhe states in early 1933. retired nearly $2,000,000,000 of her, Until then a post-election session national debt, and is in that much[ 0 f congress was held regularly fol- better shape to meet any new crises | i ow i n g the November elections every The national debt as of March 31. two years. It le.rted from December was $11,776,134,152. jto March 4, when the newly elected Again, there :s r.c tendency by £ov-,members of congress were placed on ernment officials to pat themselves! the payroll. on the back as compared with the Norris and other critics contended United States. They may think that , that these lame ducks sessions en- Americans, accustomed to a very jcoui-aged log rolling favors for spe- high standard of living, may not^jai interests and other abuse, wish to part with some of the econ-1 through votes of congressmen who omic fat through immediate taxes, ’ had been defeated or were quitting and that it may be more difficult fori office. the United States to follow as rigid j Th e 20th amendment changed this a line as has been followed in Gan-, hy directing congress to meet early ada. | in January of each year. Thus a newly elected congress meets a cou ple of months after the election. The lame duck session this year results from tailure of congress to complete its lawmaking on July 31 as contemplated under the congres sional reorganization act. For several sessions after the lame duck amendment became effective, congress adjourned before the bien nial election^. But during World War II sessions were nearly continuou; so that lame ducksjrequently served after elections. 'News That Lives In Hearts Of People' Covered By Weeklies The case in favor of small town reporting as against metropolitan glamour, was recently presented by the CarlinviHe (111.) Enquirer, as follows: “So you're just a small-time re porter on a small-town weekly”— and you could be writing the things that would live. You spend your day, wntting of births, deaths, marriages, and parties—while you might be re porting world-shaking events from far-away places. “Yet, the other day, you saw a greying woman, turning the faded pages of a scrap book What did you see? “The birth of a daughter, Susan, at Mercy Hospital . . . Miller is sur vived by his wife and five children . . . a birthday party for her daugh ter, Jane, six . . . married in the Methodist church at noon . . . Suddenly, you know that, of the., things—births, deaths, marriages, fu neral*-these are the stuff of which life is made. Lcng after the names of po.itical big-wigs, glamou- ’girls and sensational headlines are forgot ten, these things will live. “Small-town reporter on a small town paper’—take pride in your job, lor you are chronicling the events that love always in the hearts of people."—The American Press. CALL 74 FOR YOCR PRINTING AND OFFICE SUPPLY NEEDS dear money hurdles Over One-Eighth Of Congress Will Be 'Lame Ducks' FINAL SETTLEMENT Take notice that on the 27 day oi j November, 1950, I will render a tinal account of my acts and doings as Administratrix of the estate of Sue | Washington, Nov. 11-A check Davenport Milam in the office of the 'showed today that more than one- of Probate of Laurens county.! eighth of the congress will be lame| at oclock a. m., an on ducks when the lawmakers meet d 3 ? wl '* a PP'- v or a * ma lsc . ar * e later this month. . I*‘ 0,n trust as Administratrix. This despite the fact that 17 yea’s Any person maeoieu iu said estate i ago the constitution was amended in * s notified and required to make pay- ! an effort to end lame duck law mak- j nient on or before that date, ana I i ng all persons having claims against A lame duck U a legislator win!*^ esUle w,n them on helps write laws after the voters have ^ cJore d* 1 ** duly proven d. be already chosen a successor to him At the post-election session there estate will present them on or be fore said date, duly proven, or oe ! forever barred. L. E. BISHOP. Committee, 1 Clinton, S. C. | October 24, 1950 16-4c*w forever barred. MARY MILAM ROBERTS, Ad- STYLE MART SUITS la Regalm. ShortH, Longs and Stoats L B. DILLARD will be 10 lame duck senators and' n^nl**^*^* about 60 house member* in the *air.» Get 27. 1950 | category Congress wil; reconvene Monday November 27, unless calleu I back sooner by President Truman. 21-41 FINAL HETTIAMAVT Take notice that on the Min day _ . ... , ...o' November 195# I will render a Becuw ttl Republican put, an .l ol mr xli .nd MW at Committee of the estate of Law- W Davis, in the olfWe of the recent election, moat of the lame ducks are Democrats. 44 in the house and eight in the senate They include the two top DenMoatk chiefs. Majority ty NOTICE FOR PAYMENT OF 1950 CITY TAXES Net ice b hereby given that Town Taxes foe the Town of Cttaton are doe aad collectable op to December Slot for the year I960. The Tax Boobs are now open at the o®ce of tbe Town Herb aad wil rrmaia open ap la aad through December Slat. A penalt) of tea (!•'* ) shall bo added if said I are not paid on or before Jaaaary I, 1MI. Tbe levy for carroat Bocal year is &3 milk; IS for carrcnt operating expenses, aad SS mills for latoroot aad sinking fund on various Bond Judge of Probsie ot l-surea* C «t 16 o’rlrk em. sad on the day will apply fr • m chart* from my trust sa C mmiltoe day wt!! apply tor a Anal discharge III aa«sd aad tapabad to ombe pap that date, and all F O R QUICK PLUMBING REPAIRS CALL ft 117 TV Benjamin & Sons CRANE Quality Materials :: | li • Dost lit msao/arrr or dm possibility of sudden illness stand in the way of boppmess. By saving with us youll have suAoem funds to meet any unpleasant artuotton. and easily too. Our above average earnings are Agurod on the entire balance of your account twice each year. Vmar -ash reserves are built eo**er and faster. WM. B. OWENS. 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