The Clinton chronicle. (Clinton, S.C.) 1901-current, June 07, 1951, Image 1
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THE CHRONICLE
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Volume III
.. Clinton, S. C, Thursday, June 7, 1951
Number 24
A Regular Chronicle Feature
Danger From Russia Will
Be In Winter, Babson Says
Invest In Education and
Get Place In Country,
Financier Holds.
Babson Park, Mass., June 1-—
No one knows whether we will
have another World War within
the next few years or not. Russia
will not start one this summer.
Her crops must be
gathered and the
rivers frozen over
first. The Chinese
Communists wait
ed until the Ko
rean rivers froze
so that their
troops would not
be dependent up
on bridges. The
same policy ap
plies to Russia.
The critical time will not be this
summer but late fall and winter.
If Russia does not attack this win
ter, it is reasonable to believe we
will have some more years of cold
war.
Real security cannot be ob
tained by military force or by mov
ing out of larger cities. There are
many cases in history where the
military force itself has turned
against the Government and taken
over the country under a dictator
of its own. Hence, in building air
planes, tanks, and other imple
ments of warfare we may be equip
ping Revolutionists in our own
country.
The Inflation Enemy
Another possible enemy of se
curity is inflation, which the mil
itary—instead of preventing—are
encouraging. England “won” both
World War I and World War II.
The same might be said of France
and certain other countries. The
people of these countries have
turned away from economic se
curity for temporary military se
curity. There in no doubt in my
mind but what we would “win”
World War HI if it should come;
but I am sure we would then lose
economic security.
Before 1 World War I England was
very prosperous with her Colonial
possessions and her worldwide
holdings of shipping, insurance
and other stocks. Today, England
is broke. Her people have no eco
nomic security. If we enter into
World War HI, we might end up in
the same way. Your money. Gov
ernment Bonds and other invest
ments might be worth only 30
cents on the dollar as our country
would be burdened with a terrific
debt. Therefore, use your influence
Tax Receipts
Multiply 740
Times In SC
for World Peace.
Fundamental Security
War and threat of war under
mines character. From a security
standpoint, certain character traits,
such as honesty, for instance, are
fundamental for prosperous indus
try, commerce and investments.
Hence, our churches, schools and
homes try to instill character as
sets into our youth. Security in
peacetime depends primarily upon
character and the development of
the very factors of life which mil
itary service tends to destroy.
We criticise today the criminal
underworld which has been uncov
ered by the Kefauver Crime Com
mittee. We deplore the exposures
which Fulbright’s Committee has
shown up in connection with the
R.F.C. and other Government agen
cies. We hear that Washington is
honeycombed with graft and in
efficiency. We wonder what the
reason may be. If we will turn
back the pages of history, we will
find that the same conditions fol
lowed the Mexican, Civil, Span-
ish-American and World War I.
The wretched conditions today are
due to the breaking down of char
acter, caused by World War H.
What To lavaci la
For security, locate where you
are not liable to be bombed. Buy
a place in some small agricultural
community 80 miles from a vul
nerable city. Use this as a summer
place and as a protection. Build up
bank deposits in medium-sized,
safe cities for reinvestment during
the next panic. The nation’s bank
ing situation as a whole is excel
lent and you can safely buy stock
in your local bank if it is safe from
bombing. Good common stocks of
companies safe from bombing
should be good investments for the
long pull, although they will fluc
tuate with general business condi
tions. In the case of corporate
bonds or preferred stocks, you
should buy only “convertibles.”
The most important need for se
curity is to invest in good health
and character — together with a
family of well-educated and spir
itually-minded children. See that
your children are taught not only
industry, honesty and law-abid
ance, but also a sound religious
faith which will stand by them
when trouble comes. Further
more, train them for some specific
line of work, such as the medical
engineering and business profes
sions, or the essential trades. In
other words, invest in education.
SUBSCRIBE TO THE CHRONICLE
'‘The Paper Evevrybady Reads”
Suggestions Given
By Agent For
June Form Calendar
Mexican bean beetle. Ask home stalk borer damage ot soybeans in-
or county agent for copy of Exten- creates delay in planting. 8.
I sion Bulletin 102, Garden and Transfer and requeen bees.
| Truck Crop Insects. 4. Avoid Agricultural Engineering
Columbia, June 1. — Internal
revenue collections in South Caro
lina by the federal government
have multiplied more than 740
times in the past 36 years, figures
released by William P. Bowers, col
lector of internal revenue for South
Carolina disclosed.
* In 1914, the first year in the sur-
vey, the United States government ^ J or na t ura i drying. 4. Side-dress
collected the meager smn of $236,liberally with a nitorgen fer-
*3®' t St j year i t ib zer . cultivate shallow, and stop
coUections had grown to $175,019,-| cu iti va ti 0 n when com is waist
1948 t)Ut ^ >ea ^ WaS reac ^ ec * m | high. 5. Use the mower on pas-
planting main crop of corn late to
prevent “shatter worm” damage. 5.
Agronomy : Shell and treat peanut seed. 6.
1. Plant velvet beans and grain Ask for Circular 341, Prevention of
sorghum on stubble land in June; Screwworm Losses. T. Lesser corn
for an abundance of cattle feed
next November and December. 2.
Plant grain sorghum in late June
and early July to harvest for grain
next October. 3. Crimson clover,
blue lupine, tall fescue, as well as
other seed crops, should be re
cleaned immediately after harvest
ing and either dried artificially or
spread thinly in a dry storage space
1. Check mowers for needed re
pairs. 2. Remove and store binder
and combine canvas after grain
harvest; cover all brigh parts of
machine with grease
tures and lespedeza fileds to con
trol weeds. 6. Plant soybeans fol
lowing small grain. 7. Top-dress
Sudan grass or millet with nitrogen
Revenues during the survey pe
riod show a steady uphill climb
with the first big jump coming in
1918 when income tax was first en- following grazing,
acted. (“Those were the good oldj Horticulture
days, one tax official commented j Apply quickly available nitro-
as he pomted out the total take ^ M J
for that year—$3,451,785.)
In 1919 revenues took another
big jump, climbing to $18,680,581.
During the boom years of the 20’s
revenues went up to as high as
$28,610,623 in 1921. Then they be
gan a gradual decline to 1934. In
that year income and liquor taxes
jumped revenue back up to $20,-
571,360 from where they had drop
ped the previous year ($1,733,731).
In 1936 collections dwindled to
$5,254,834. But when the war scare
arose and national defense pro
grams began humming revenues
began the “big clifhb” to the all-
time high.
The top year in revenue returns
.V 16 government from citizens and businesses cuoghed up
South Carolina came m 1948 when $207,435,191.
gen to garden crops, if not growing
welL 2. Cultivate crops shallowly
but frequently to save moisture
and kill weeds. 3. Mulch tomato
plants heavily with straw or leaves
to hold moisture and prolong fruit
ing season. 4. Grade and pack
vegetables and fruits in the right
kind of attractive packages and get
better prices. 5. Plant a few toma
to seed for a late crop. 6. Make
plans now to have plenty of col- ;
lards, turnips, and “greens” this
fall and winter.
Insects and Diseases
1. Keep alert and abreast of de
velopments in cotton insect con
trol. 2. Fight flies. 3. Control the
1
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