Historical Newspapers of South Carolina

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THE CHMNICLE Strives To Be A Cleon Newspaper, Complete Newsy and Reliable Site Clinton Volume LI Clinton, S. C, Thursday, December 28, 1950 A Regular Chronicle Feature Babson Says Business Leaders Favor UN Withdrawal From Korea By ROGER W. BABSON New York City, Dec. 24—During the past few days, I have talked here with leaders of the nation’s largest banking, insurance and industrial groups. To my great surprise, they ere fairly a unit in believing that the United Nations should at once get out of Korea. Some think we should try to make a deal to remain south of the 3&tih parallel; but to do this would mean to let the Red China government into the United Nations and to give up Formosa. The ablest men think this is too high a price and prefer to withdraw altogether but defend Formosa and all our Pacific bases. This would largely be a task for the Navy. Military men are opposed to lending any troops in China and, if possible, avoid using the atom bomb on Chinese territory; but if necessary, we could blockade her ports and perhaps bomb them. As to whether we should mix up with Indo-China, Burma, or India is very debatable. I am surprised at the number w(ho are willing to arm the Japanese and let them decide this question—^promising they can keep any territory they seize. I am also sorry to find so many of my New York friends becoming discour aged with the English and European situation and turning to the isola- tionalist or nationalist views. They all are agreed that 1951 will see the nation’s greatest national in come, with full employment and large retail sales. As to profits, they will vary much with different indus tries. Investors should be very choosy in 1951—selling some stocks and buy ing others. Inflation will surely con tinue to help the stock market, es pecially stocks of companies with their assets underground and chain store stocks with a constantly rapid turnover. Stocks of pubHc utilities in big vulnerable cities and the bonds of such cities should be ayoided. The only bonds advised ere “converti bles.” Although New York now looks for a good investment market in 1951, the wise ones do not overlook the smash which will come with a revo lution in Russia or anything else which will end the cold war or the hot war whichever we may be in at that time. (By the way, a general feeling is that upon declaration of World War III, the stock market would have a sharp drop for a few weeks and then begin to climb to relatively high averages.) Business Cycles During my active business life, I have been through four complete cycles with their booms and panics —also three wars and “old deals” versus “new deals.” I was taught, at the Massachusetts Institute of Tech nology, of which I am a graduate, by one of the best professors of econom ics in America, Dr. Davis R. Dewey. Since then I have been in constant contact with the best economic minds. The following are my mature rea sons for these economic cycles. Le: us start with normal conditions. Business then has an upturn ac companied by full employment, in creasing profits and finally a boom. This encourages carelessness among employers, wageworkers and invest ors. This results in inefficiency, spec ulation and even dishonesty. Finally, the moral fiber j>f the people gets so bad that the prosperity era: collapses as in 1929. Then follow unemploy ment and financial losses as from 1930-1933. ' These have to continue for a long enough period to awaken the people to substitute efficiency for inefficien cy, thrift for speculation, honesty for dishonesty. Finally, after enough per sons repent, business starts up again. History again repeats itself and the country passes through another cy cle as began in 1937. Of course, there are other reasons for business depressions, the chief of which are debts and taxes. For this reason, I beg readers to clean up their debts at this time—whether, employ ers, consumers or investors. •When the next depression comes, the stock market, due to the very small margin business, will not go so low as after preceding panics. But, now, instead of borrowing on stocks, the public is borrowing on autos, tel evision sets, mechanical refrigerators and fur coats as never before. These installment loans accompanied by in creasing taxes are very dangerous. In addition, today we have two new factors—viz., conflicts abroad be tween the United States and Russia; conflicts here at home between sel fish labor bosses who could easily bring on a business collapse. In fact, were it not for the stimulus of de fense orders, we now would be suf fering from unemployment, declin ing profits and low stock prices. But, of course, this means that business now is Kke a man depending upon whiskey to keep him going when he really should get on his knees and repent of his sins. 1951 City Licenses For Business Firms Due In January The 1951 business license ordi nance as passed recently by city council is practically the same as last year. It appears in The Chron icle today for the information of lo cal firms. All licenses become due on or be fore January 31, 1951. After January 31 a 10 per cent penalty will be add ed on unpaid licenses, with final ac tion by the police department Feb ruary 15 agadnst firms or individuals doing business without a license, the ordinance states. READ THE CHRONICLE ADVERTISEMENTS REGULARLY EACH WEEK It will p*y you. It’s thrifty to shop first la this newspaper, then In the stores as prices change and new merchandise Is received and displayed. . . BE WISE— * READ THE ADS Good Christmas Business Reported Clinton business closed down tight for Christmas day with a quiet hol iday season reported in the city. One of the largest crowds seen here in many years thronged the streets Saturday doing their iwt minute shopping. The peak of Christ mas business came the last three days, Thursday, Friday and Satur day. Several merchants interviewed said there was heavy buying, the volume being even better then last year. Stores To Close For New Year Stores and business houses in the city generally will observe January 1 as a holiday it is announced by the Merchants association. Business firms will resume their regular Wednesday afternoon closing on January 10, it is also announced. The interruption in the closing sche dule for the past few weeks was made on account of Thanksgiving and the Christmas season. Rites Held For Mrs. Carrie 0. Johnson Mrs. Carrie Oxner Johnson, 65, died last Thursday afternoon at a Columbia hospital. She was born and reared near Kin- ards and was the daughter of the late^ Morris and Mrs. Sunie Oxner. She was the widow of Malcolm P. John son, who died several years ago. She was a devoted member of Fairview church. Funeral services were held Satur day afternoon from Fairview church with the Rev. T. B. Aullman and the Rev. James Mitchell officiating. In terment followed in the church cem etery. She is survived by two children, Morris P. Johnson of Kinards and Mrs. Sunie Wilkins of Watha, N. C.; one half-brother, Boyce Oxner of Kin ards, and five grand-children. Lydia Youth Choir To Sing Sunday The Youth choir of the Lydia Baptist church will present a pro gram Sunday afternoon at 3 o’clock over station WLBG as a part of the choir singing contest now being conducted every Sunday. The Rev. R. D. Gregg, pastor of the church, will direct the serv ice. Miss Mary Johnson will be the musical director and Mrs. lone Wal lace, accompanist. Today's Paper Under Difficulty ’ Today’s paper was published un der considerable difficulty due to linotype trouble which put the plant out of operation several hours yesterday waiting for the arrival of a new unit from the factory. A good amount of advertising and news matter is omitted from the paper which we regret due to conditions beyond our control. Iliffll Jkp «* c+lrbrmf* th* \>»r Yrnrf Why do lira embrmee the b^fimmlntj mt mnothrr tutor I egrtr with tmrh m terror •/ j'ty.H* though K* mero pom pert neirlg eodotred trith a million 1 dollart to tpemd mm tre liked* Why* lie emote ko ore pmnpert, ttrirkem Kith m pocertg of timte,the re ml rolm ot omr mortal realm. There 1$ m deep, mmexpretted omdertlamilimj irithia allot me that the tiate ko tpemd, ttfmmmdrr, tell,yin atrag, tore, larieh orn emmitg or mee to good ends It, alter all,tharplg limited. The protommd Impression thnt the Xew Year mmket on ns heeomes nrtienlote In our hnppg eelebrution ot the fmet thnt here, mgmin, tre hmre In onr hands a million dollnrs north ol dm go, hours mnd mi mote Thsrehg, In a sense, me ore reborn. 1V« experienee some essenee ot the dmgs ot gomth. We hmre time. Tlase lor doing. Time tor thinking, tiring, breath. Ing time. We're rich In omr possession ot It tor a Khile onee more. It's easy ta gram old, to lei the foreefal taste ot IIrimy heeome tint In omr months. But the .Xem Yemr glees ns m mnyle. million dollar handful ot time Kith mhleh ue mmy detent aye, tear, dis illusionment and the eynieol deemy ot too lllllo understanding. With Cod's help, I9SI mill briny to the people ot this tonn that hind ot strength, that me all may smeeeed In making this truly A IHrPY XEW YEAR ■ > S. C. Guard Status Remains Unchanged Here in an announcement that effects approximately 110 men here, file Ad jutant General of South Carolina stated this week that President Tru man’s declaration of a national em ergency has not changed the status of the South Carolina National Guard. Christmas Holiday Death Toll 724, Above Last Year Observance of Christmas this year cost the nation a frightful vio lent death toll of at least 724 per sons over the three-day holiday. On city streets and along the highways, traffic mishaps took the greatest toll, 545. This was more than 100 above the number of per sons killed in traffic accidents dur- In amplifying his statement Gen- . _ .. . , ... eral Do„er added that the Guard mt . “l? 1M9 Christmas holiday Another 179 lives were snuffed is proceeding with routine training and is planning its usual summer encampment next year. The only differences being that this year the local units of the 107th AAA AW Bn (SP) will take three weeks training (instead of the previously required two) at Fort Jackson (instead of at Camp Stewart, Ga.* Thus far, there has been no in dication that any more units of the State’s National Guard will be cal led to active duty to join four al ready called. The unit here, Battery B 107 AAA, is headed by Capt H. F. Blalock. The Newberry county unit also a part of Battery B, brings the enroll ment for the two counties to 350. Citizens Federal Pays $54,151.07 In 1950 Dividends The Citizens Federal Savings & Loan association of this city will dis tribute its regular semi-annual di vidend Saturday to its investors as of December 31. The dividend is on the basis of 3 per cent per annum and will amount to $27,331.60, Secretary-Treasurer J. Sloan Todd stated yesterday. The association’s June 30 dividend amounted to $26,619.47, making a to tal of $54,151.07 paid to its investors Christmas observance. out from miscellaneous causes, in cluding fires, drownings and falls. The death total from both traffic and miscellaneous causes was re ported from 6 p.m. (local time) Fri day to midnight Monday. The 1949 Christmas total was 580, including traffic and miscellaneous accidentts. Ned H. Dearborn, president of the National Safety council, which had estimatetd 440 persons would die in traffic mishaps this Christmas, termed the higher toll “a black Christmas indeed for America.” ‘To the tragic toll of the battle field, we have added a huge list of dead and injured on the home front that not only is tragic but shameful because it is needless,” he said. “Our only hope,” he added, “is that the lessons learned so bitterly over Christmas can be used to cut the new year’s toll to a new low. We must find a way to stop it by whatever means are necessary.” The number killed this Christmas more than doubled the total of those killed in traffic crashes overj a similar 78 hour period December 8 to 11. In that period, an Associat ed Press survey showed 245 traffic fatalities, equivalent to 75 a day. The holiday toll averaged about 156 a day. Only one state—South Dakota— escaped without a single reported Scout Leaders Hold Annual Meet, High Award To Rhame The annual meeting of the Blue Ridge Council, Boy Scouts of Am erica, was held Thursday night at Clemson college and well attended including several leaders in Scout work from this county. Mark F. Hawthorne, superinten dent of Anderson city schools, was reelected president for the coming year. The presentation of awards for outstanding service within the nine districts of the Council was made. The Silver Beaver, highest award presented in the council went to Dr. W. Y. Quarles, chairman of the Ab beville Scout District, and to Dr. Delmar O. Rhame of this city, health and safety committee chairman of the Laurens county district. This award is presented annually for service to boyhood through scout ing, church and community activi ties. Officers and chairmen were re elected, and six new member-at- large were added to the council from the nine districts. For the Laurens district David S. Cook of this city was named. Scout Executive Stanley reported that the council now has 226 active Scout Troops and 4,966 boys partic ipating in the program. The atten dance award was won by the Green ville District which had the largest number of scout leaders present. Young People To Hove Association Banquet At Joanna Friday The intermediates and young peo ple of Reedy River Association are fatality that could be attributetd to 1 invited to attend the Associational for the year 1950. Union Service At Presbyterian Church The regular fifth Sunday union service will be held Sunday evening at 7:30 at the First Predbyterian church. The Rev. John H. Holland, pastor of Bailey Memorial Metho dist church .will be the speaker. NEW SUBSCRIBERS HONOR ROLL mmmmmamsaemmmsgmeammmmmnmimemmuannonsamanumnamKmmmnmnmanmmmmmm Start the New Year right by hav ing THE CHRONICLE come into your home for the 52 weeks of 1951. You will enjoy it, and nowhere can you get so much for so little—the cost ^ le§s than 4c a week. All sub scriptions payable in advance. Welcoijne and thanks to these new subscribers on our Honor Roll this week: MRS. L. RAY PITTS, MRS. DEWITT TUCKER, FRED SHELTON, J. L. ADAIR, i Cl,y banquet on Friday, December 29 at 7:30 at the Joanna clubhouse. The theme of the banquet is “Ser- Texas, with 47 fatalities from traf fic alone, led the nation in the num- ....... . _ ...... ber of persons killed by violence. Around The World. At least 25 persons were killed ^ r * Howard Kinlaw, pastor of the during the Christmas week-end in South Catolina. Dickert Chaplain At Training School First Baptist church, Edgefield, is to be the main speaker. Others hav ing part on the program are Don ald Cook, master of ceremonies, Carolyn Thomas, Carol Altman, the male chorus of Whitmire, Miss Bet- # ty Jo Sloan, and Johnny Buchanan. The Rev. J. C. Dickert, pastor ot AU leader! , and sponsors of the St John's Lutheran church, has been |J' oun « P eo P e '' P a!,ors and trarnin* named chaplain at the State Train-; un,on d,^ect0^, are ,nv,ted ing school. The Rev. P. L. Bauknight i now residing in Sumter, formerly served the institution as pastor. Mr. Dickert holds worship services at the institution every Sunday af ternoon at 3 o’clock. Kiwonions To Hear Dr. Cunningham The Kiwanis club will have as its' guest speaker this evening at 7 o’clock, Dr. G. Watts Cunningham,, a native of this county and outstand ing educator. Dr. Cunningham re cently retired as a Cornell univer sity professor, and is the author of several books. FOOD... Is An Important Item With Housewives Yoa will find helpful Gro cery and Market News in THE CHRONICLE every week from leading food stores in the city. Read the advertisements reg ularly — they tell you about changing prices each week and where you can supply your needs and buy to advantage. If You Don't Read THE CHRONICLE You Don't Get the Newt Number 52 OPEN MEETING BY DELEGATION Creation Domestic Court Urged And Ap propriations For Num ber Proposals. Laurens, S. C., Dec. 21—Over 25 persons attended an open meeting December 18 of the Laurens county delegation to express their views on legislation to be passed in the gener al assembly after they convene on Jan. 9 The delegation is composed of Senator R. T. Wilson, and Repre a sen ta lives Robert C. Wasson. Tench P. Owens and Justm A. Bridges. Probate Judge J. Hewlette Wasson appeared before the delegation as - spokesman for the Laurens County Council of Social Agencies to pre sent a resolution endorsing the cre ation of a domestic relations court and the amending of juvenile court laws to bring cases invotvmg young minors under the jurisdiction of the proposed court. Judge Wasson described the court as “one of the most desirable and needed improvements in a county.” He said that if a man deserted his family, it took time to brmg him before the criminal courts, and that it was the family who suffered in the meanwhile. He declared that the court law should be strong enough to make parents take care of their children. Judge Wasson cited several incidents where children have been abandon ed to show the need for the court. Mr. B Henderson, president of the Laurens County Farm Bureau, re quested the delegation to support the budget submitted by Clemson college so that research on cotton di seases can be continued. He said that over 40 million dollars damage was done by ascochyta in the Pied mont section alone. D. E. Brown, president of the Lau rens county Breeders Association, asked the delegation for $3,500 for this month and for 1951 to continue their program. Mayor Joe B. Med lock appeared before the group to ask the county to allot more money to the city for curbing, guttering and repairs on Farley avenue, Fleming and West streets. Dr. D. O. Rhame told the delega tion that Hays hospital and Blalock clinic in Clinton were handling char ity cases and having to bear the costs. He said that since private hospi tals and clinics have to pay taxes, he felt that the public should pay for charity cases. He asked the del egation to provide funds that could be tapped for use in chanty cases handled by the two organizations. He estimated that $5,000 in actual costs, not counting doctor's fees, was spent by each organization last year. He emphasized that the money would be used solely to pay the ac tual costs in the cases. At present, Laurens County hospital is the only place authorized to receive pay for charity cases for the county. llavid Roper requested the dele gation for funds to help with pay ments on their new V F.W. club. He said the club still owed between four and five thousand dollars. Stewart Brown urged the delega tion to support the South Carolina Wildlife Federal which is sponsor ing a bill on wildlife in the state. Marshall Abercrombie, attorney, asked that funds be set aside to pay lawyers a fee for cases where they are asigned by the court. At present lawyers handle court appointed cases free of charge Thomas Babb, secretary of the Laurens County Democratic club, urged that the Laurens city box at the court house be split to make vot ing easier. He described the city box as one of the largest in the state. Various parties appeared for road construction in the county. Includ ed was 2 1-2 miles in the Rabun Creek section and three miles in the Lick Creek area of ML Pleasant. H. A. Ropp of the P M.A. office asked the delegation to continue paying $50 each month toward rent of the offices. Beruue B. Blakely, newly elected supervisor, brought the delegation's attention to the need of rebuilding part of the county home that burned Sunday night killing two persons. He said building plans would be sub mitted to the delegation. Schools To Reopen Following Holidays The city schools will reopen next Monday morning following the holi day penod. The orphanage schools will also open at that time Presbyterian college will begin its new work next Wednesday morning.