The Clinton chronicle. (Clinton, S.C.) 1901-current, November 29, 1951, Image 1
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Volume m
Clinton, S. C., Thursday, November 29, 1951
Number 49
^ Regular Chronide Feature
PATIENCE, SAYS BABSON, IS
NECESSITY IN INVESTMENTS
Sometimes It Tokes
Years For You To
Realize On Them.
Babson Park, Mass., Nov. 24.—A
friend of the Babson Institute re
cently presented it a beautiful in
door heated swim
ming pool costing
$235,000. When he
h was thanked he re
plied: “Don’t thank
me. Thank those
„ who taught me
* PATIENCE. This
gift of $2 3 5,0 00
cost me nothing."
No Fairy Story
The explanation
of the above is that * # s* r w
many years ago he bought stock
around $2.50 a share in the Ameri
can Investment Securities Com
pany which controlled the Colum
bian National Life Insurance Com
pany of Boston. For years, the
stock didn’t act well, and no profit
was in sight, but all at once the
American Investment Securities
Company was liquidated.
For each 100 shares of this A.I.S.
stock costing $2.50 a share, he re
ceived Columbian Life Insurance
stock which today is worth $3,600.
In addition, he received other se
curities which more than repaid his
original investment. Hence, his
insurance company stock, used to
pay for the swimming pool, cost
him absolutely nothing. But this
took twenty-four years and re
quired great patience.
Texas and Pacific Land
# When I was ill many years ago
with tuberculosis, I was sent to
New ^dexico. With time holding
heavily, I became interested in the
stocks of two companies. These
were the New Mexico St Arizona
Land Company, and the Texas A
Pacific Land Trust. I bought the
former in 1916 at $1.75 a share and
finally became a director of the
company. This stq^k recently sold
for thirty-five times what I paid
for it
I bought Texas A Pacific Land
Trust another time when I was sick
at $5.25 a share and urged others
to buy it likewise, telling them that
some day it would sell for $1,000 a
share. They laughed at me, but it
recently sold for $150 a share, or at
DR. L B. MARION
NATUROPATH
Res. Phone 939
500 South Broad St.
thirty times cost. Holding these
stocks many years required tre
mendous PATIENCE. Few persons
have such patience. I believe that
there are now similar opportunities
for those who have the patience to
hold them for twenty years.
Bargains Naar Horn*
Thirty years ago, I bought land
in Wellesley for $300 an acre which
is now selling for $10,000 an acre.
When I bought this, I urged my
readers to buy suburban acreage
adjacent to their communities.
These opportunities likewise exist
today. In fact, last week I bought
for less than $300 an acre, over
300 acres of high land within two
minutes-of “the- Wellesley Hills post
office. Some day my children will
get $5,000 an acre for this land, but
this will require PATIENCE. We
live in a marvelous country; it is
growing at a rapid rate; its people
are becoming the healthiest, the
most intelligent, and are making
the greatest scientific discoveries.
If we will grow spiritually as we
are growing materially, and have
PATIENCE, nothing can stop us.
I am especially anxious that the
bfenks holding Trust Bonds insist
upon flexible Trust Agreements so
as to take advantage of this great
growth ahead. Thih should enable
banks handling the Pension Funds
—at the request of the Employeers’
Committee—to purchase stocks in
American Industry—not mere Gov
ernment Bonds—which stocks will
pay both a fail' rate of interest and
with patience some day become
very valuable. I know no method
to help readers to get rich quick
ly. One must take time to create
a fortune as to mature a baby into
a twenty-one year old boy. Every
thing worth while takes time and
, PATIENCE, especially investing
| money successfully. Incidentally,
let me add that when people ask
, my grandchildren about my busi
ness and what I sell, they reply:
“Grandpa sells PATIENCE.’’
What About Jobs
Finally let me say a closing word
to graduates of colleges and high
schools. I beg of you to be PA
TIENT for promotions. Don't let
anyone beat you in waiting. For
get salary, but take the job for
which you are best fitted and in
which you can render the moat ser
vice lor Mankind, and havfc pa
tience.
Financial Independence comes
from having a praying-partner and
good children, who will help you
save a little money each month for
j insurance, for a home, and certain
; growth stocks. But you must have
PATIENCE. Being in too much of
a hurry will prevent you from
making large profits;—yes, being in
a hurry will be responsible for
most of your losses.
One Millionth
Auto Fatality
Expected In Dec.
ft**
Havilancl China
jJ* Helping customers select gifts of dis
tinctive value has been a traditional
service of our store. Whether a simple
remembrance or an elaborate present,
you will find here an appropriate gift—
at a right price. • •
... and for the very best china—a wide se*
lection of beautiful patterns by Haviland,
the most cherished name since 1842.
A We invite you to come in and see our
wide selection of useful gifts carefully
chosen—while our stocks are fresh.
.France
SKoP
e®
Ai 0 *
atkenafi/
MtfCIMAMflSCA
j; C. THOMAS, jjewelesi
It’s Time That ConnU**
Who 'will be the one millionth
person to die in a traffic accident?
Where will it happen? Exactly
when?
The National Safety Council said
recently the answers to those ques
tions will never be known.
If the present rate of traffic
deaths continues some time next
December a child will dart into
the street, a homeward-bound
salesman will try to pass a truck
on a hill, a young couple will
hurtle off a curve on the way to
a dance, an old woman will be
come confused crossing a street—
and the millionth traffic victim
will pass unheralded into a dusty
police file.
But even though the actual iden
tity of the millionth victim will re
main a mystery the Council has
made plans which will enable it to
name the fateful day as a climax
to an intensive safe driving cam
paign in which all safety organi
zations are cooperating.
The Council announced it is set
ting up the machinery to supple
ment its regular monthly reports
with special weekly summaries
from the sales. On November 15
the Council will begin issuing
of traffic deaths since the advent of
weekly bulletins on the grand total
the automobile. These bulletins
also will forecast the probable date
of the millionth fatality.
“Our only purpose in trying to
identify such a grim date in his
tory is to dramatize the horror of
such a huge traffic toll,’’ said Ned
H. Dearborn, Council president.
“Perhaps 1 ; 000,000 dead — almost
twice the number of Americans
who have died in combat in all our
wars—will crack the apathy of a
nation which can see 35,000 persons
killed by autos in a year without
much concern.
"It has taken a little more than
50 years to kill the first million. J
If traffic deaths continue at the
present rate it will take only 30!
years to kill the second million, j
We can only hope that this terri- i
so that motor vehicle death totals |
ble day of seven-figure reckoning
will become a safety milestone— |
not just another gravestone—on
the road to more responsible use |
of the automobile.”
The Council which makes regu
lar cumulative tabulations of traf- (
fic deaths, said that even its elab-1
orate nation-wide reporting system |
is not fast enough to give up-to-the [
-minute totals. Furthermore vital
statistics were not recorded com-1
j
SUBSCRIBE TO THE CHRONICLE
pletely by all the states in earlier
years after the turn of the century
for some years are estimates based
on the bat available information.
Thus any attempt to identify the
actual millionth victim, .Mr. Dear
born said, would place the spotlight
of notoriety arbitrarily on the
tragedy of one family when “the
spotlight should be turned on the
tragedy of a nation which permits
motor madness to go on.”
Eiw»iniwiBKR«s>iniiMHMWwi—wwitimwHiiwaw
Savings Accounts
3%—DIVIDEND—3%
We invite savings accounts from the people of Ointon
and vicinity. You win like oar friendly and efficient ser
vice, and you will receive your dividend promptly each
January 1st and July 1st. Any amount — from $1 up —
opens an account.
Each account is insured up to $10,000 by the Federal
Savings and Loan Insurance Corporation. Two people may
have up to $30,000 fully insured.
Accounts by mail promptly acknowledged.
Dr. W. W. Adams
VETERINARIAN
€14 Mnsgrove Street
Phones:
Office 958
Residence 991-W
Clinton, S. C.
Chartered and Supervised by the
United States Government
’Laurens Federal Savings
& Loan Association
Telephone 22271
LAURENS’ LARGEST SAVINGS INSTITUTION
104 West Main Street
Laurens, S. C.
Gene Anderson’s... One of Carolina’s Better Stores
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