The Clinton chronicle. (Clinton, S.C.) 1901-current, July 05, 1951, Image 6
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Page Four
THE CLINTON CHRONICLE
Thursday, July 5, 1951
A Regular Chronicle Feature
GOOD LOTS, FERTILE ACREAGE
STILL REASONABLE, SAYS BABSON
Buyers Warned to Pur-
T chase Land That Will
) Carry Own Way.
defense Act. j long for the government to act if
The opinion here, however, is the “strike” interferred with the
that congress will not be stamped mobilization program and the man-
either way in radical action on the ufacture of needed tanks and guns
act which expires June 30, and and arms and ships,
likely will vote extension of the The writer of this column at-
act very much as it is now and tended a breakfast and luncheon
make whatever changes it decides tendered to a representative group
to make at a later date, probably of 42 Ohio farmers, brought down
after the summer recess. ! here by the Farm Bureau Federa
tion to give the result of their
on beef prices and was
♦
f
I are getting better controlled every
j year; and you can now get mort
gages which can be paid off over
20 years, as you get the money.
Don't Hoard Land Action of the forces which are “poll
The above is not written for rich seeking to defeat efforts of Office 1 struck with the unanimity of their
investors. It is just as dangerous Price Stabilization to enforce answers against any price control
to hoard land as to hoard anything ceilings on live cattle have not 1 and particularly against beef cat
By ROGER BABSON
Babson Park, Mass., July 1.1. . , ___
People say that most land Is now e lse. Thus, don’t attempt to buy i frightened OPS officials. As a mat- tie, going along with the national
too high to buy. I do not believe too much land. Too big family ter of fact, the big cattlemen and tine propagated by the top officials
this The price of new homes seems holdings might some day be divid-i the National Meat Institute, to- t ^ e Farm Bureau here in Wfish-
high—three times what they sold e d and sold very cheaply by the gether with the Farm Bureau Fed-|mgton. So the question was asked
for in the “thirties”—but both good U. S. government, as has been done eration, has had the effect of stim- o* 16 member of the delegation: “If
ulating a united front among the the Farm Bureau line had been
officials of all controls agencies, f° r price controls and not against,
who are now taking the position I y° u suppose you could have
that beef prices controls are sym- brought down 42 Ohio farmers who
bolical and that if the government' are for price controls?” And the
cannot control beef prices which answer was, “Of course, we could.”
are farther out of line than any! “ what the farmers really want,”
other commodity, the whole price 0 P med this Ohio farmer, “is a fair
lots and fertile acreage are still by several other governments. Or,
comparatively cheap. j there might be a graduated real
There are three reasons why I, estate tax, increasing as the num-
believe everyone should own a lit- her of acres increase.
tie land somewhere: In fact, it is wisest not to con-
First, there is only just so much centrate on any form of investment,
land within a certain area — and Don't get hipped on anything:
there never will be any more. It railroads, motors, steels, chemicals,
is easy Jo make, department stores or anything else. ^ ^ ^
more stocks and Proper diversification is the ^ i succeed ;
control
these officials
structure will topple. So P r ! ce for wha * 1 sell and a
ficials are determined to!P r * C€ * or w hat I buy when I
fair
into the hardware or implement
* V h
bonds. The gov-1 rule of successful investing. Yes. booted fore. The bulk of this opposition
J to cattle prices is commg from
■ ■ , , . , ... _ commercial feeders. It is not com-
dollar bills when
LNJIlUd. i. IlC 1 o ’
emment can al- you can even become “land poor . ^
ways print more; by having too much land that pro- spurred, striding up and down
Hollar bilk when duces no income in the form of rhe halls of congress and around
taxes do not bal- 1 rents, crops or woodland growth
ance the budget.) M Y European Friend
New
tories
can be built; but! rich woman in Poland. She had a
the amount of
land is fixed.
There is today no more land with-
> i
Washington hotel lobbies with that
ing from the farmer who feeds out
v houses, fac-j I have a European friend who.
•L °"L y to° "influence" ^ tS, ^
DRINK
tops
for
quality
tops
for
quality
:i: i
■Unf W. lUbMe
in five miles of your post office
than there was thousands of years
ago and there will be no more a
thwisand years from now. So, you
had better own some that you can
use or rent.
A second reason why I would
like to see everyone own a little
land is because land is the source
beautiful home of 60 rooms; she ^
howdy Padnuh;” delegations of ^ f ^ d , Ma y be h f e is .Ap
pointed that he is not going to
make as much money as he thought
be WaS ^ 3St * a ^ 0r spriofi. but!
gressmen and preaching a.doctrine! he certainly is not going to lose
- — • - - 'anything and with prices on what';
had valuable paintings and other , 4 . ,. _ .
...cvrW of orf wh*n catt 1 * and they cant put a soldier
you to sell your
works of arf. But when thc , . R “jj fW' ^ having exactly
sians o\ erran Pol^id, she could not the 0 p p0s j te e ff ec t not on iy on
y of these. (She had
the farmer buys
can’t be hurt:
controlled, he
More Bounce
To The Ounce
¥
• COOL
• SPARKLING
• SMOOTH
take away any
no stocks or bonds except Polish
government, which became worth
less.)
My friend, however, had some
valuable jewelry, including many
controls officials but on congress
itself, according to observers here,
and is crystallizing sentiment in
favor of giving the cattle ceiling
controls a chance to w’ork, even if
the strike of producers does keep
MORE PEOPLE ARE
READING THE CHRONICLE
THAN EVER BEFORE!
diamonds. These she concealed on'beef off the market for a time.
of everything we have. Land gives her person and got away. She is, a it hp-
us not only food, but also clothing now in - the United States living
comes economically a losing prop-
and shelter. We just can’t get on humbly on these diamonds and on ... . , nn i
without it. The third reason is that such work as she can get. This OSlt,on to keep on feed,n « a steer -
and it appears the government is
to own a little land is a human in- friend of mine advises all women DreDared *7? wait it * t certainlv
stmet like the craving’ for food, to diversify their investments by whe^^e
children or other basic things, having some good jewelry. Don t a . . f ..
Therefore, land will never go out put everything in stock or bonds, u . lll > t7(4t h4Mif 2L ^. av
of style. or even in land.
Carries Itself
„ W „ h '"k5S yin * ,an ? if “JT!: '» w .. . c 7. duegrs would decide, as h#vg some
m board* ^ if v.^ y : A* Washington Sees It . . .|b«f produ«r,. ,o k«.p .hair prod-
will get beef one way or another
The old timers here point to the
1 fact that if steel or aluminum pro-
Dr. Felder Smtth
Optometrist
Laurens, S. C.
1Z« EAST MAIN STREET
Seath Side Public Square
HOURS FOE EYE
EXAMINATIONS:
• •• «• 5 31
Wedneedaye t:M to 1SJ«
Phone TS4
lots or unused acreage can quick- TUp NATION Al ^CFNF
ly eat their heads off. If you pay IIAIIUnAL JvLllL
$1,000 for a vacant lot, the taxes
uct off the market, it wouldn’t take'
No Finer at Any Price!
In Big 12-ounce Bottle
«
PEPSI-COLA BOTTLING CO.
GREENVILLE, S. C.
and interest on what you pay could Special to The Chronicle,
amount to $1,000 in ten years. This Washington, June 26.—Overshad-
means you must then sell it for $2.- owing anything else in Washington
(i00 in order to make a penny, is the fight for and against exten-
Hence. the importance of getting sion of the National Defense Act of
enough income to pay these carry- 1950 and the -tremendous lobby
ing charges. These — Jn case of a which has been set-up to defeat
building — must also Include cost titles four and five of the act which
of insurance and maintenance. comprise the whole price and wage
The above explains why I like control set-up.
wodland. upon which the taxes are As has been pointed out m this
low. Tr^c trees will grow enough to column, big business, as represent-
balance the taxes and interest cost, ed by the National Association ofj
Moreover, trees grow seven days a Manufacturers and the United
week, including Sundays and hoi- States Chamber of Commerce and
idays! They have no labor unions some segments of the national farm
which limit them to growing only organizations, are spearheading the
eight hours a day, nor do they drive to eliminate wage and price
practice “birth control” to prevent controls. On the other side of the
them from multiplying. Their only picture, there is the administration
enemies are fires and debt. “Fires drive to tighten and strengthen the
At HAMILTON’S
15
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M9 h
Enjoy the Charm of Authentic Early American Design
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