The Clinton chronicle. (Clinton, S.C.) 1901-current, November 16, 1950, Image 19
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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
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