University of South Carolina Libraries
ft i -N f i- \ THE CHRONICLE Strives To Be A Clean Newspaper. Complete Newsy and Reliable 0he Clinton Cljnmtrlf If You Don't Read THE CHRONICLE You Don't Get the News Volume LII Clinton, S. C., Thursday, November 1,1951 Number 45 GRAVIH INVESTMENTS ARE DECLARED SOUND BY BABSON i Some Power Companies and Railroads Cited By Investor. Gravity Village, New Boston, N. H., Oct. 26. Readers know that I have always been interested in the Force of Gravity and its possi bility for free power from which everyone could greatly benefit. Let- me asking if there are now any ways for investors to ben efit from gravity. Yes, there are three. Electric Power Developments Every waterfall produces power due to gravity, plus, of course, the heat of the sun which takes the water from the oceans into the clouds. The clouds eventually turn in to rain and sup ply the water which flows over these falls. In this connection, it must be reeling! that this gravity pull is the same in any part of the United States as it is at Niagra Falls. If any reader has never visited Ni agara. he surely should do so. At that time he should realise that only a small portion of the power is now being used. The part of the water-fall* which is being used can not be teen; while the water going over the. falls is ''wasted”, except for scenic beauty. ■There are thousands of water powers now be mg used every day Most of these are operating mills of vanoua kinds; but they are grad ually being converted to generate electricity which power can easily be transported I. however, the Niagara Mohawk Power f the prime electric Gravity Development This is the Company which taps Niagara Falls by other falls its, supplies electric poorer to moel of New York State, from Buffalo doom to New York City. The stocks of this Company are listed on the New York Stock Exchange. The 3.90% preferred pays $3.90 and sells at 96, thus yielding 4%. The common pays $1.40 and sells at 25, thus yielding nearly 6%. One cannot get rich quickly by buying these stocks, but if you put them away in your safety deposit box, they should gradually become more valuable and give you good dividends each year; all from GRAVITY. Railroad Companies I certainly am not now bullish on most railroad stocks. They are handicapped by severe competition from trucks, automobiles and air planes; their expenses are constant ly increasing from wage demands and the cost of coal, oil, and equip ment; while their rates are deter mined by political commissions, leaving little profit for stockhold ers. Transcontinental roads may do well for some time; also certain southwestern roads; but my fav orites are the three GRAVITY ROADS. These are the Virginian Railway, Norfolk 6c Western, and Chesapeake 6c Ohio. All of these let most of their heavy traffic coast downhill and have mostly only empty cgrs to pull uphill again! 1 believe that the stocks of all three roads are safe investments; but I will quote only the stocks of the Virginian Railway which runs from the coal fields of West* Vir ginia to Norfolk. (More details can freely be obtained from the Com pany at 44 Wall Street, New York Ciyt) The stocks are luted on the New York Stock Exchange The Virginian Railway preferred pays SI V) and sells for 21. while the common now pavs $2 50 and sells for 33. thus yielding nearly •%. Waterworks Securities The most economically operated K blir utilities are GRAVITY WAT- [WORKS which supply house holders with water. Why? The an swer if that gravity does most of the work for them by causing the water inexpensively to run down hill through the pipes and up to your bathrooms without aid of costly power. In most water sya- As Washington Sees If... THE NATIONAL SCENE Special to The Chronicle Washington, Oct. 30.—As the 81st congress cleared its decks for the adjournment of its first session, the old political pot was boiling over and the congress finally got down to the business fo passing appro priations bills without which the government could not function—and which should have been passed prior to the end of the fiscal year last June 30. The record peacetime military bill finally cleared both houses carrying a total of something over 57 billion dollars, only 538 million dollars less than the amount asked originally by the President. • • • The political pot got to the boil ing stage when Senator Robert A. Taft learned from a survey made by his cousin, David Ingalls, and Ben Tate, the treasurer of his 1950 Ohio campaign, that their survey showed that Senator Taft is "the overwhelming and obvious choice ’ for President In 1952. Ingalls and Tate said their survey covered 38 among a majority of Republicans states and 55,000 miles traveled. They found Taft leading in a ma jority of public opinion polls, ex cept the Gallup poll, they said. The two< said that Taft would even be the strongest Republican candidate among labor and the farm groups. Meanwhile the senator toased his hat into the presidential nomination ; ring at a press conference and at his address before the national press club, just to make his candid acy official. The Ohio senator has been running unofficially for the past year. • • • In what was an obvious political move, all but two GOP senators joinad in a "manifesto" which de clared the President's ban on cer tain information was a "dangerous departure** The two non-signers were Senators Tobey of New Hamp shire snd Milhkin of Colorado. In the meantime. Secretary of Commerce Charles Sawyer, himself t?j publisher of two newspapers, told the Poor Richard Club in Phil adelphia that government officials give out too much, instead of too little information that affects na tional security. Newsweek says “de spite the squawks of the editors, don’t expect Truman's new security order to dry up Washington news sources On most of types of capital news there will be just aa many ‘leaks’ as ever. On information real ly vital to national sacurity, even newsmen agree that some safe- iguard may be needed—perhaps a gmclnc is getting less than parity prices, he is not getting a fair price. But OPS has no jurisdiction over prices which are under the parity price, so it is not true that the depart ment of agriculture is “clipping from behind” in DiSalle’s effort to control prices. FINAL SETTLEMENT Take notice that on the 16th day of November, 1961, I will render a final account of' my acts and doings as Executor of the estate of Herbert M. Chaney in the office of the Judge of Probate of Laurens County, at 10 o’clock a m^ and on the same day will apply for a final discharge from my trust as Executor. Any person indebted to said estate is Viptified and required to make payment on or before that date; and all persons having claims against said estate will present them on or before said date, duly proven, or be forever barred. CARL CHANEY, v*. • Executor. October 16, 1961. 8-4p Dr. J. W. McCullough EYE REFRACTIONS 9:00 to 5:30 Dally East Side Square Laurens Phone 22661 OFFICE SUPPLIES Complete line, all the little items needed for the office. CHRONICLE PUBLISHING CO. Phone 74 Gray Funeral Home C'lintr.n, S. C FUNERAL DIRECTORS ...and EMBALMERS Phones 41 and 393-J AMBULANCE SERVICE L. RUSSELL OR VY and V. PARKS ADAIR, Gen. Myrs. code of ethic*.* • • • THURSDAY EASY LIVING Victor Mature and Lucille Ball COMEDY and CARTOON FRIDAY-SATURDAY NOVEMBER 2-3 .CALL ME MISTER Betty Grable and Dan Dailey “NEW ADVENTURES OF TARZAN” Chapter No. 10 MONDAY-TUESDAY NOVEMBER 5-6 HALLS OF MONTEZUMA Richard Widmark, Reginald Gardner CARTOON ■ 1 ■ " ■' ■ i— WEDNESDAY-THURSDAY NOVEMBER 7-8 THIEVES HIGHWAY Richard Conte and Valentine Corteae TWO CARTOONS WEDNESDAY NIGHT OF EACH WEEK Wahoo Nite — Cash Prizes, Jack Pot ADMISSION 40c Children under 12 admitted FREE First Show Starts at Daah tSecead Show at 10 PJL According to word received here in Washington the poor, down trodden cattle feeders, proprietors of feed lots, etc, are reaping a golden harvest instead of being hankne>L as was the cry when they threatened to revolt at the imposition of beef nailing prices on the hoof. The folks who are ac tually taking a licking, believe it or not. are the big packers. It seems that all the beef cattle taken to market these day* are "prime” grade which should and do claim highest prices if they are sold. But the big packers, who cannot afford to violate the law, cannot pay prime prices for canners, good or choice grade beef and the slaught erers who can afford it, apparent ly, are getting 1 all the beef at "prime” prices, and the feeders who are willing to close their eyes are getting rich on prime prices for any steer able to stand up at the market place. U. S. D. A. says September movement of cattle to market in the midwest corn belt was second largest on record. In the meantime, with no slaughtering quota in ef fect, OPS cannot tfontrol these slaughterers. Some here' in Washington are saying that Mike DiSalle, OPS price administrator, is working to keep food prices going higher, while “the department of agricul ture works to boost ’em.” They point to the USAD effort to in crease prices of farm produce which is under the parity price. It is ev ident they do not understand what is meant by parity price. Congress has defined parity as a “fair price” to the fanner; hence when a farmer terns steam or electric power is needed first to pump the water up into g standpipe or reservoir. But, Gravity Systems have a natural reservoir, higher than any house in the city, and gravity performs all tha work. If the water system in your community is operated by a private company, and the bonds or stocks are available, ascertain to what extent it is being operated by gravity. Based upon your findings, consider these securities as an in vestment. Enthusiastic inventors who think they can use gravity for “perpetual motion” machines, should read "Wanted: War Invantions" in Read er’s Digest of October. The article, entitled "Should You Buy Shares In Americaf” if good for everyone to rgad. Qene. Ande/tiatui Glutton, S. G. Special! 100* Wool Un-Trimmed COATS With Zip-Out Linings 39 -95 • Nationally Advertised Fabric* o Solids and Checks o Sixes 8 to 20 ( 38 to 40 New Shipment Beautiful Crepe and Gabardine \ A.95 You know so well the many places you need just this kind of casual dress . . . tailored, but softly detailed in beautiful crepes and gabardines in good autumn tones. o Misses Sizes, 10-20 , o Junior Sizes, 9-15 o Half-Sizes, 14 Vi to 24 l /z QeneJlnderson's “Quality ( qsts No More?*