Historical Newspapers of South Carolina

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£ yt \ Thursday, January 17, 1952 As Washington Sees It... THE KATI0N1L SCENE Special to The Chronicle. Washington, Jan. : 14.—As is ' al ways the case when a new session ot congress is upcoming, Washington took on a new air of bustle and ex pectancy for the second session of the 92nd congress. , There was little change in organ ization of the congress on the Dem ocratic side, but the Republicans faced the necessity,of electing a new minority leader in the senate to suc ceed Jhe late Senator Kenneth Wherry of Nebraska who died dur- 1 ing the adjournment period. * ' * • The political waters were only .slightly rippled by the expected an- m tial T^PWor E CLINTON CHRONICLE Page Seven Hours: 9:00 to 5:30 Phone 979 LOANS $10.00 to $50.00 and up . ’ V Friendly, Courteous, Confidential Service American Credit Corporation ‘ . Ted Marr, Manager 104 W. PITTS STREET — CLINTON, S. C. Automobiles - Furniture - Signature HOME FINANCING Home-ownership is something you want to be happy about! You select the home you want to buy or build, and you need a modest down payment, of course. Small monthly payments, like rent, are worked out to fit 'the problems of the individual family, and its income. You’ll find a friendly welcome here. FEDERAL ►AV1NGS JAND-LOAN ASSOCIATION Telephone No 6 A Clinton Institution Serving Clinton People Since 1909 tops for quality tops for quality . \ _ . ; . • America’s Biggest Cola Value! When you buy the big, BIG 12-ounce bottle of Pepsi-Colo, you get TWO FULL GLASSES in eveiy bottle-—yet you ALSO get top quality in every drop. Ounce for ounce, no finer cola! So today tomorrow,' ALWAYS — buy America's BIGGEST cola value: Pepsi-Colo! Whenever you shop, always take home six big, BIG 12-ounce bottles of Pepsi-Colo for the family! TWELVE full glosses — plenty for all! nouncemont by Stasscn of j his presidential ^^Wfons on the GOP. ticket. ,Thrs- makes 'three an-i nounted candidates on the GGP j side—Senator Robert. \A. Taft of Ohio, Governor Earl Warren, of Cal ifornia,' and now Mr. Stassen, cur-j rently president.of the University of Pennsylvania. Only a few of the Washington news corps'greeled Stassen on the • occasion of his official announce- 'ment at the Willard hotel. Four years ago, this youngish man, frtsh from the midwest as governor ^of Minnesota, appeal'd as a sort of young Galahad with bright and shining armor, with a refreshing and liberal platform. But he plunged to earth with a dull thud somewhere! along the pqlitical trail and emerged, curiously enough, tied to the Joe. Grundy political machine in Penn sylvania and president of the state university, where, as such, he cam paigned against the only Republican liberal to come out of Pennsylvania in a decade, Senator James H. Duff, j So the political seers here took > Stassen’s announcement and his platform, which he. calls both liberal and humanitarian, with tongue in cheek. Senator Taft, with a broad grin, welcomed him to the ranks, in dicating, “the more the merrier,” and also indicating that he was not at all concerned with whatever com petition Stassen can muster. * * * Congressman Frederick- Rr Coudm of New York had ahnounced he would introduce a bill on the first day of the new session ot congress to impose maximum ceilings on total expenditures in fiscal year 1953 at not to exceed estimated tax receipts ^pr the year, of $71,000,000,000. The bill or resolution w'ould' also impose a maximum ceiling upon necessary, new appropriations for fiscal year 1953 of $60,000,000,000 as a first step in progressive reduction of the “destructive annual rate of expendi ture anticipated in 1953:” i Secretary of Commerce Charles Sawyer, in a year-end review of the nation’s economic situation, said volume of national output increased in’1951 by about eight percent over 1950, the high volume in history, and the value of the output, the gross national product, totaled $327,000,- 000,000, or 15 per cent more than 1950. Roughly, about half the 15 per cent represented higher prices, and the other half the increase in vol ume. Unemployment was reduced from three to two million; expendi tures for military and related pur- poses wer<e $34,000,000,000, more than double 1950; the flow of civilian goods was maintained, but cost con sumers six per cent more than in 1950; most of the price advance oc curred prior to inauguration of price and wage controls in January. Per sonal income reached a year-end rate of $260 billion with almost all major groups showing substantial gains and even, after allowing for higher taxes, . the personal income was nine per cent over 1950. Saving, in relation to disposable income, was roughly 10 per cent, as compared to an average of four per cent in 1950, the report said. • • • Three out of four mothers and children are now protected by -old age and survivors insurance, accord ing to Oscar Ewing, federal security administrator. Two out of five folks over 65 and not working are receiv ing Retirement payments with a total of 62 million workers now insured. Total assets -of the old age and sur vivors insurance trust fund, which row totals $15.5 billion at end of 15 years of operation, is invested in government bonds and the fund earned $300 million in interest dur ing the year. Total expense of ad ministering old age and survivors in surance for the year was $83 mil lion. . i No Finer at Any Price! In Big IZ-ounce Bottle PEP5I-COLA BOTTLING CO. GRBEkVILLB, S. C. NWItimWMMMimmiWMlIWIIIIMMMHMlI Construction Foreman Gives Scalf's Credit For His Relief W-mm J. E. SUMMERVILLE Mr. J. E. Summerville, 26 W. 18th I Street, Anniston, Ala., declares: “Ij suffered from spells of smothering i gas pressure pains for three years! and got to where 1 just dragged my self to my work. I lost my appetite and the food I forced on myself seemed to cause such severe gassy J stomach misery that I oftMr^ujTe for hours. I lost sleep and got up| mornings feeling all tired out. “The very first bottle of Scalf’s Indian River Medicine showed me I was on the aright medicine for me. My appetite has come back and 1 can eat my fill with no fear of later suffering. The good food I -was now able to enjoy gave me more strength and I even put on ten pounds of much-needed weight.” Scalf’s Indian River Medicine is on sale at all drug stores. Your money back on the first bottle if not satisfied. to* S&JSjii** There’s nothing like giving folks v "' ; %. --- what I hey want Let Coke join your gay circle of friends Serving Coca-Cola serves hospitality ... adds to the occasion. •OTTICD UNDE! AUTHOIITY OF THE COCA-COLA COMPANY IV GREENWOOD COCA-COLA BOTTLING COMPANY, Greenwood, S. C. “Coke is a registered trade-mark. Copyright 1952, The Coca-Cola CortTpany Yes! We’re Bringing Him Back! America’s Formost Magican-Hypnotist GUARANTEED TO BE THE ^ FUNNIEST! FINEST! Presented by Clinton Exchange Chib Clinton High School I ► .. Thursday and Friday January 24 and 25 Admission—Students 50c, Adults $1. 8:00 P. M.