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Pape Four THE CLINTON CHRONICLE Thursday, March 15, 1951 UNCONTROLLED INFLATION WOULD CREATE 'CATASTROPHIC’ RESULTS Washington—The president's ef forts to reconcile by executive per- I ignoring them. However, there is one certainty. | j... . . .. That is that uncontrolled inflation suasion the deference between the,^ eventuaIIy result in; | positions of the treasury and the fed-, j Depression in the market for eral reserve board on credit control all government bonds, as well as would be amusing if the results other securities. were not so certainly serious—per-, 2. Unemployment, on a large scale. h;i;:s catastrophic to our economy. These two results of uncontrolled In economics as in physics, the inflation are as certain as death, reconciliation of the irreconcilable possible results of uncontrolled is impossible—and the attempt is inflation arc sure to result in an explosion. 1 * Destruction of ttl e market for In this controversy (in whwh' bonds $ weU as other there is no basis for argument) ^.securities, large issue, which affects everyone, is the control of inflation. A minor These are horrible to contemplate. issue, but one of immense impor tance, is the preservation struction of the federal 2. Total unemployment. , But there are plentv of examples in or de - history. | . ^ eserve There are so many phases of the 1 boards independence of judgment infl ^ tion problem as novv presented that it is not possible to compress President Woodrow; Wilson, under whose administration the federal re- a discussion of all of them in an article brief enough to be published m:., .vas established, would no more or to be read The White House' statement might be analyzed, para- raph by paragraph and its confus- e called the board to the White h; House in an attempt to influence ii decision on an economic Qties- s ions and sophistries embarrassingly tion than he would have called the sir. reme court to influence the exposed, did time and space permit. 1 One thing is quite evident. Some court s decision on a legal question. of th0 se who are advising the presi- Lnt 11. The gtatement ghen out at den t do not understand the problem, the White House, in the president’s, Fortunately there is one man in ! name on February 26. it was sug- pubIic life wh o not only under- gested that conditions have changed stands the question but knows how sin.o the federal reserve was estab- ^ expound it in simple, convincing' lisned. Be it so. But the funda- language. There may be others, of' economics ha\e not course. But Senator Douglas of II- 1 hanged, and do not change. linois in the senate on February 22 AJ! through the ages, inflation' (Congre^jo^i Record, page 1518, et has meant rum and disaster to in- made an illuminating speech dividuals and nations It has top- on ^ slrt>J ect. which should serve Fled dynasties, undermined empires as a book not only for the con-1 and ruined repi*lics It can ruin gress but for the schools of eco- 1 the l mted States of America. namics in all universities and col- No one knows that betfr than Mr leges Having himself been a pro- Stalm, even if some presidential fessor of economics in the University a< TK < r #. I )° t * ! of Chic ** 0 . Senator Douglas knows The federal reser%e board has the his subject and how to teach it. He power, the authority and the duty, also knows the taefs of life and of! under the statutes, to control in- history. flation. It will be disastrous if this m power is rtrogated or impaired, f* A :|: nn p r :^ A either by congressional enactment rrice or by executive dictation or per- Requlotion 7 suasion He who attempts it, if he 1 p a • ■ i lues long enough, will regret it. txpiQincd In the White House pronuncia-1 ment of Fdbruary 2«. there is a Ceiling price regulation 7. which manifest infusion of three prob- brought a number of domestic com km*, which are separate and dis- »««<Iities under a •margin” t>-pe of tin, t one from another. P ric * control is the first of several a me problem is inflation One is P 1 * 00 ** 1 *0 substitute fairer the price of government bonds One * na mo * ,p effective price control for is full employment th * stop-gap general freeze order Now a curt> «*i inflation might ? “ aco.rding to South result in lower prices of govern- ciiffuii* OPS ^ lr * ctor j4me * D. ment Umds or higher coupon rates, . which amount to the same thing lhe m * r ' A vurb on inflation might affect* reUUert «• broad categories Victory Seen For United Nations If War 'Stalemated' Cntral Front, Korea, March 12 —The United Nations will have rather than settling for no better than a standoff if the Korean war ends at the 38th parallel, Lt. Gen. Matthew B. Ridgeway said today. But the commander of Allied tily that he knew of no plans to ground forces in Korea added has- end the fighting at the old border between North and South Korea. Ridgeway’s enigmatic statement at a press conference followed by five days an assertion by Gen. Douglas McArthur that the war would reach an inevitable stale mate under the present setup. In effect McArthur said he could not win the war with what he had under the limitations on his au thority. ‘‘The things for which we fight here are such overwhelming po tential import that I cannot con ceive of any member of our fight ing force here feeling that there lies ahead and field of indefinite, indeterminate action. It is a posi tive action from beginning to end.” An American officer, comment ing on the contrasting statements by McArthur and Ridgeway, said: “McArthur was speaking to the United Nations. Ridgeway was speaking to the battalions.” Ridgeway said the North Koreans and then the Chinese tried to throw the United Nations forces into the sea, and failed. “And we must assume that their objective is unchanged,” he added. “They failed and will continue to fail" With plain reference to Russia | Ridgeway said the “consequences are potentially great to Commu- ! nist China and the forces backing her.” The Allied forces, he said, have “let a lot of air out of the in flated balloon of Chinese military establishments.” "Meanwhile,” he continued, “the degree to which we deflate her mi litary reputation, to that degree we influence the thinking of mil lions of people in Asia. RrRde •••You can pay more 1 but you cant buy better! Jounce, pitch, and tway aru things of fh« past when you own a ’51 Ford. That’s because Ford’s new Auto matic Ride Control self-adjusts to all types of roads for maximum smoothness. It’s a “Look Ahead" Ford feature. condition Tort that u not prdbuble pouAbilities There is no in Beware Coughs Froei Common Cslds Hist HANS ON r me prepareuMei 01- tween retailers coats and selling arr price to those existing on the list date February 24. Commodities affected include all the items commonly sold in men’s and women's apparel and shoe stores, most of the items earned in furniture and floor covering stores and more than 75 per cent of the volume handled by de partment stores. These include clothing, shoes, and rubber foot wear. household textile commodi ties. such as sheets, blankets, cur tains. etc., furniture, rugs and lamgM Some other groups may be added later by amendments. Retailers whose annual sales of the items covered by the regula tions are less than $20,000 have the option of remaining under the gen eral freeze order. OPS officials state that the regu lation is based on the strongest most effective type of retail price control developed out of long ex-1 penence in World War II for the this regulation. Each retailer affected by the regulation must make up a chart showing what he sold goods for on February 24, what he paid for those goods and therefore, what his mar- ! gin was between cost and selling price. This pricing chart rogula- ! tion allows each retailer to use ; margin based on his own previous ! 1 experience, subject to checks added | by the regulation designed to bring margins in line with those used by the retailer in the year before Ko rea. Crwombioa relieves promptly bsoamt it goes right to the seat of the troubis to help loosen sod expel germ laden phlegm and aid nature to soothe sad heal raw, tender, inflamed bronchial membranes. Guaranteed to please you or money refunJeT ( reomulnon has stood the test of millions of users. CREOMUL’SION C*mt C«Mi ArwH tfmckttH Goodyear Tires and Tubes BATTERIES AND ACCESSORIES McMillan Service Station Sinclair Products Phone No. 2 You Need Your Prescription Our home delivery serv ice is always ready to serve you in times of med ical need. Emergency? Call No. 1. McGEE’S DRUG STORE Phone No. 1 CREDITORS’ NOTICE All persons having claims against the estate of Fannie Y. Blalock, de ceased, are hereby notified to file the same, duly verified, with the under signed, and those indebted to said estate will please make payment likewise. DR. GEO. R. BLAiLOCK, Administrator. March 9, 1961. 29-3c ToRttiem Misery h* * COMMERCIAL HOUSEHOLD WIRING ' Electrical Appliance Repairing and Electrical Construction Work Floor Plugs A Specialty ARNOLD M. CANNON 406 W. Maple St. TeL 312-XJ TwDrive... * 7 FREE! MOTHPROOF YOUR CLOTHES At no extra charge, all doltiing cleaned by m is mothproofed. Guaranteed lor tix months ogoent moth destruction. SUNSHINE CLEANERS Phone 436 You con pay more K*|bA rnemei rifieVd lusiW T put you caviT puy dcttoti Mr ’51 Ford "looks Ahead" to bring you now FordowoHc* Drtv# ...*♦*• nawasf, i«oolh»*. most ftaxibla Automatic tronsnuswon •vaH Tha groat naw Fardomotic navor lags, ghras you triggar-gwidi gut a way and aasy "racking" in • V-S Mdsh at m** cm*. RrStvfinQ->^p«r but you cant buy better! 1 of •ryta wU nda Sw "Cater-koyod" Far derail Fabric*, "SafoTy-Gtow •o Far# 1 •■tartar VSRJRD 43 "leek Ahead" Features phrs F06D0MATK* Drive Baldwin Motor Company N. Broad Street — Clinton. S. C. BLOOD PRESSURE Corrected By Proven System of Treatment What better PROOF than expressions of appreciation from former patients — from people who suffered the symptoms of abnormal blood pressure before coming to Dr. Hart, We have many, many letters from former patients expressing appreciation and gratitude for treatments that put them on the road to recovery. We know you are vitally interested in knowing whot these people have to say AFTER treatment by Dr. Hart. The following is one of these letters; read it carefully—it tells its own story. ADVISES SICK PEOPLE TO CONSULT DR. HART “For nine weeks, I suffered with headaches, dizzy spells and backaches. I was being treated for low blood pressure but didn’t feel any better. I had no oppetite, was nervous and losing weight fast. I had no energy and my feet and lees felt tired and weak. Sometimes after eating there would be pains in my stomach. My friends and neighbors advised me to try Chiro practic, so I consulted Dr. C. J. Hart, off Laurens,” says Mr. G. L. Moore, 18 Wallace St., Wattsville, & C. “After an examination, Dr. Hart found the cause of my trouble and started treatment. I began to feel better the very first day. I returned to work and gradually but surely gained my strength back, even though I was working every day. I lost that tired feeling, my headaches, dizzy spells and backache disappeared. My appetite returned and I gained 11 pounds weight dur ing the first six weeks, and worked every day during that time. My digestion improved, bowel movements became normal and it was no longer necessary to take laxatives. “It has been more than three years since Dr. Hart dismissed me and I have had no further trouble. I have continued to work every day and feel good. I take this opportunity to speak for Dr. Hart and what he has done tor me. If you are sick and suffering ill health, I suggest that you consult Dr. Hart.” Nervous System Is Key to Blood Pressure Problems The maintenance of normal blood pressure is dependent upon normal nerve action. Nerves which control heart action and nerves which control the size of blood vessels are connected with the brain and spinal cord. Irritation off these spinal nerves as they pass throu£t the openings between bones off the spinal column may re sult in a depleted nerve force and causing an abnormal blood pressure. Dr. Hart’s wide experience and valuable training qualifies him to correct disorders of the circulating system. If you are suffering the symptoms of an abnormal blood pres sure—such as headaches, dizziness, spots before the eyes or physi cal weakness, you should have the cause off your trouble located and corrected. You will want to have this done immediately because it is dangerous to delay. A Great Tragedy One of the greatest tragedies of our times is the large number of persons who go ^ graves prematurely, due to the various conditions which cause abnormal blood pressure. Each day many lives are lost that might easily have been saved had proper treatment been started in time and continued lone enough. Not until it is fully realized how much can uS* don? for sufferers from abnormal blood pressure is the force off this tragedy so convincingly brought home. Hardly any class of serious ailments is more amenable to proper treatonent than these conditions. Even when treatment for conditions causing abnormal blood pressure has been delayed, as a rule, much can be done to reUeve the symptoms and remove imminent danger. Probably no other human ailment responds with greater satisfaction than this condi tion when it is treated in a scientific and practical manner DR. CHARLES J. HART 254 West Main St. — LAURENS, S. C. — Next to First Methodist Church