The Clinton chronicle. (Clinton, S.C.) 1901-current, May 31, 1951, Image 1
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THE CHRONICLE
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Volume III
Clinton, S. C, Thursday, May 31, 1951
Number 23
CREDITORS' NOTICE
All persons having claims against
the estate of J. Lee Young, de-
the same duly verified, with the
ceased, are hereby notified to file
undersigned, and those indebted t
said estate will please make pay
ment likewise.
ANNIE LOU ABELL YOUNG,
JAMES LELAND YOUNG,
Executors.
May 17, 1951. 3t-7
CITATION FOR LETTERS OF
ADMINISTRATION
The State of South Carolina,
County of Laurens.
By J. H. Wasson, Probate Judge.
Whereas, Walter G. Coker made
suit to me to grant him Letters of
Administration of the estate and ef
fects of Mary Jane West Coker.
These are, therefore, to cite and
admonish all and singular the Kin
dred and crecmors of the said Mary
Jane West Coker, deceased, that they
be and appear before me, in the
Court of Prcfcate, to be held at Lau
rens Court House, Laurens, S. C., on
June 8, 1951, next, after publication
hereof, at 10 o’clock in the forenoon,
to show cause, if any they have, why
the said Administration should not
be granted.
Given under my hand this 23rd
day of May, A. D.. 195il.
J. HEWLETTE WASSON,
31-2c J. P. L. C.
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Only the Valiant
MORE PEOPLE ARB
READING THE CHRONICLB
THAN EVER BEFORE!
What do bankers read? Otf course,
they read their local daily paper, if
a daily is publsihed in their com
munity; and most of them read a
New York daily. Certainly they want
to know what is going on, day by
day, for the Government’s attitude
offect the business of the nation
or decision on some question may
very seriously, one way or the
other. But businessmen receive and
read many special studies that boil
down to small space the news of the
day and the studied opinions of ex
perts.
Recently I went to an industrial
plant in Columbia and came away
with several business letters on our
National and World affairs. Last
week I quoted extensively from the
monthly letter sent out by The First
National Bank of Boston. I have just
received letters sent throughout the
business world by The Mellon Na
tional Bank of Pittsburg and The Na
tional City Bank of New York.
The Mellon Bank letter quotes
from a number of great trade journ
als and other periodicals. Here is one
quotation, taken from American
Mercury:
“A Way to Improve War Bond
Sales by Christopher Bliss. Im
pressed by the fact that even with
thousands of American boys dying in
Korea the American people are
turning in more war bonds for re
demption than they are purchasing
(redemptions of E-bonds since June,
1960, have exceeded sales by $460,-
000,000) this writer thinks govern
ment salesmanship fails when it
(tresses the mere profit of the in
vestment, which can, of course, be
more than equaled in many other
things. What should be appealed to,
rather, is our national patriotism.
Kate Smith understood this when
she was acting as a war bond sales
man over the Columbia Broadcasting
System in HMJ. She appealed only
to the public’s patriotism and good
sense, never mentioning a word
about profit, and she sold as high as
$36,000,000 worth 9f bonds in a
single day. The strength of America,’
concludes Bliss, ‘is still spiritual, not
material, and a good rendition of
‘Dixie’ or ‘God Bless America” will
raise more money than any calcula
tion of profits’.”
We hear much, about the spiritual
strength of America, as distinguished
from physical strength. “Spiritual
strength,” as referred to, does not
always mean what the churches
mean when they speak of “spiritual
power”. To the devout churchman
spiritual strength is the in-dwelling
of the spirit of God in a man. That
expression “in-dwelling of the spirit
of God” may need an explanation.
It may be said to be the strength
which comes from trying to live in
tune with the Infinite, in close har
mony, a daily communion and walk.
Writers and speakers are prone to
speak of spiritual qualities as be
ing that native strength, that sound
quality of a man or nation, that is
above and beyond mere dollars. We
could boil it down to its essence like
this: there is a man. Let us empha
size the word man. He is so strong
in his manhood that we do not think
of him in terms of position or posses
sions. Sometimes we see a person and
we think of his position, or his
wealth. The pesition is so much big
ger than the individual that we think
of the position. Or, we think of his
money. But when all the property
and money values of South Carolina,
Virginia, North Carolina and Geor
gia seemed to float on the air, in
smoke and ashes, the manhood and
womanhood were there and they
nobly responded to the need.
They had the spiritual qualities,
strength, purpose, energy, resource
fulness. But the strength of our peo
ple has been chiefly religious. Amer
ica itself has looked to Jehovah, as
David did in the Psalm: “I will lift
up mine eyes unto the hills”—well,
what good would that do? The hills
mean nothing but survival against
the erosion of time and weather.
Then he asked himself: “Whence
cometh my help”? Well, it didn’t
come from the hills, nor any other
feature of nature, where the majestic
peaks, the tumultous billows, or the
wide expanse of prairies. David then
answered his own question: “My
help cometh from the Lord, which
made heaven and earth.” And the
endurance, the fortitude of our peo
ple, their high courage, were founded
in the faith that renewed David's
courage in conflict with the encir
cling hosts of the enemy, foes with
in and foes without
• • • •
We thiak of ourselve^ as Ameri-
cuns, citizens of the great republic
which is the home of freedom. So
we are interested in the sprawling
Federal bureaucracy which is so top-
heavy It almost crashes under its own
weight. Observe how we spend
money:
“According to a special study ap
pearing in the 1952 Government
budget document the total loans,
guarantees and credit commitments
by wholly-owned government enter
prises will amount to $44/4 billion at
the end of the current fiscal year on
June 30; and not even this huge
total covers everything, since for
To Receive Gold P Award
Pictured below is P. S. Bailey,
president of the Clinton and Lydia
Cotton Mills, who will receive the
Gold P award at commencement
exercises of Presbyterian college
next Monday morning. The award
is made annually to an alumnus
who has made outstanding pro
gress and achievement in his chos
en profession.
various reasons it excludes numer
ous other agencies under government
sponsorship, including the Commod
ity Credit Corporation.
The total, moreover, is on the
rise, the June 30, 1951, figure indi
cating an increase of $9% billion, or
27 er cent, over the comparable
figure last year. The following ex
cerpt from a letter to the editor of
the Wall Street Journal from a
reader in (Havana, Ark., gives a
homely, grassroots illustration of
how government policies are work
ing at cross-purposes: ‘I am a farmer
owning several hundred acres of
land and a herd of dairy cattle free
of ail debt, but when I recently asked
my bank for a small short-term loan,
I was told that governmental re
strictions had curtailed their cus
tomer loans. Banks were being re
quired to build up bigger reserves.
But a neighbor, who doesn’t own
anything but an old car and whose
reputation for industry, thrift and
prompt payment of his debts is bad,
went to a government lending setup
and borrowed enough money to buy
bank had denied me and had put into
a smajl dairy herd—money that my
governmental securities to head off
inflation by pinching off my credit.’
Apart from the question otf the ef
fect of government lending opera
tions upon the budget position and
the general credit situation, there is
the question of the competence of
government in the lending field il
lustrated by the recent disclosures
regarding the R. F. C.
Of course, the results on cutting
expenditures depend on what the
legislators in Congress hear from the
folks back home, both in terms of
pressure for economy and willing
ness to forego benefits which the
people themselves may be receiving.
Spending can be lightened if the
citizens will refrain from seeking
■government handouts.” That I quote
from the May letter of The National
City Bank of New York.
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“It’s Time That Counts’