The Clinton chronicle. (Clinton, S.C.) 1901-current, November 01, 1951, Image 1
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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.
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