Historical Newspapers of South Carolina

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Page Four NOTICE OF APPLICATION FOR ISSl'ANCE OF CHARTER Notice is hereby given th;0, pur suant to Section 8159 -of the Civil A:ode/of South .Carolina relating to ( charitable and other .eleemosynary! corporations, and any amendments! thereto, the undersigned will apply, to the Secretary of State on or after February 11, 1952, for the issuance of a Charter for a Corporation whose rame shall be THE LAURENS COUNTY COLORED FAIR ASSO- THE CLINTON CHRONICLE . ^ buy only. about $17 worth of mer chandise today. In fact it has been worked out like this: > “The following tabulation is in teresting as illustrating the amount ol weekly income neeced today be-1 cause of .additional taxes and in flation » to purchase the same amount of goods--and services as 1 ) could be bought in 1939: 1 1939 1952 Thursday, February 14, 1953 Are we Americans plunging wild- . . , , ly, foolishly, irresponsibly, in debt? Cl AT ION and whose principal place jj ow many generations are we <f business will be Clinton, S. C., 1 rec ,k] ess iy putting under a mort- 1 which company proposes. to engage ( g age? Y our grandchildt^n, your! m holding of Colored fairs in Lau- great, great-grandchildren will have ! rcr.s County, the net proceeds from which will be used for charitable and civic purposes. BENJAMIN L. THOMPSON, THOMAS H. RICE, Declarants. Dated February 7, 1952. 21-3c Dr. W. W. Adams VETERINARIAN 614 Musgrove Street Phones: Office 958 Residence 991-W Clinton, S. C. to pay the two hundred and sixty billion we now owe, even if noth ing more should be added. Is this necessary? Every citizen of America should ponder that: IS IT NECESSARY? If we try to answer that we might consider this question: Are we wisely spending and lending bil- j lions of dollars to Europe? Are we I wise in publishing that we are Weekly Equivalent Week- Income ‘ ly Income $ 36 $ 73.16 $ 50 $106.94 $60 ... $131.16 $100 $229.60 $150 .. $361.80 $200 . $504.48 A man who earned $100 weekly! in 1939 must receive $229.60 in 1952 j ; to maintain his scale of living,! since'before he may undertake the) seriods business of supporting his 1 family he must each week, pay the piper to the tune of $107.91 by rea son of inflation and $21.60 in ad ditional taxes. It is clear from an analysis of the j spending billions in the effort to above figures that the scale of liv- arm the Nations of Europe which Drink Habit CAN Hr Broken Oar triralific, common •raw Ab-Dctox Method h*s reotored more than 6800 men and women to happy living, with jn»t 7-days stay in this modern hospital. Patients accepted day or night. Write or telephone for far ther information and admis sion. Abt Smmitmrimm 60S E. North St. TeL 2-4485 Greenville, S. C. seem to be less afraid than we are? What are WE afraid of? Russia. And we denounce Russia every day. Have we adopted the proper course toward Russia? After studying the condition I 1 find myself ready to advocate a strong America, but an America ON THIS SIDE of the Atlantic, an America developing her own re sources and providing opportuni ties for her manhood and woman hood to live in peace. There are some of our people who think we must throw our wealth and young manhood all over the earth in order to have peace. That seems to me as vision ary an approach to peace as the most unpractical theorist ever con ceived. Before Russia can be of any dan ger to us she must. destroy Ger many, France and Britain. If they join Russia in Communism we could not hope to defeat Commun ism, but that very circumstance would compel us to strengthen ourselves AT HOME, not by dis persing our men and our resources all over the earth. On the other hand, Russia cannot subjugate an aroused and embatled Germany and Japan. If, by any chance, Rus sia Japan Russia wpuld not be so ex hausted by the effort as to be un- ing of the American family is fall ing, and that socialistic principle of leveling incotpe is proceeding in our country at an alarming rate.” The real test is what you can buy. “NATIONAL INCOME MOVES UP, BUT WE AREN’T ANY RICHER. Individuals have more money to spend than ever before. But one wonders what would be the figure for the ’national income’ of Germany in 1924, when you then needed a million marks to buy a newspaper. What matters is not how many dollars you have, but what , you can buy with them. Let’s see how our boasted dollar income works out- in terms of purchasing power. i The Department of Commerce’s estimate of personal income for 1950 was $244.4 billion, based upon the performance for December, 1950. This was an increase of 42.2 per cent over the same figure for 1945. But in purchasing power dur ing the same five-year period the increase was only 2 per cent, al though population rose 8 per cent— an actual decrease on a per capita basis. Now, let’s compare the estimated $244.4 billion for 1950 with the. es timated $254.4 billion for 1951. The It’s so easy to relieve coughs and stuffiness of colds In a hurry this home-proved way ... with 2 spoonfuls of Vicks VapoRub in a vapor izer or in a bowl of boiling water as directed in package. Just breathe In the steam! Every single breath carries VapoRub’s soothing medi cations deep into throat and large bronchial tubes. It dedicates irritated mem branes, helps restore normal breathing. For coughs or upper bronchial congestion there’s nothing like using Vicks VapoRub in steam. For continued relief al ways rub it on throat, chest and back. VMS people had ten billion more dol- .apaiE XI, oy any cxiaiicn, j i a rs to spend, but were they really should defeat Germany and | beUer In the fim place> the Department of Labor’s consumer ... , i •* u i price index showed that the dol- ab l e _ to , °_ rgan ‘ ZC ..? n _ d exploit her ^ was worth 4 per cent less in August, 1951, than it was worth in December, 1950. It follows that the victory for many years I have not said anything of the tan - countries or of | $254.4 billion would have purcha: France and Italy. Nor have I men *! slightly less in goods and services tioned Belgiujri, Greece,' .Turkey,! than $244.4 billion would ' Goodyear Tires and Tubes BATTERIES AND ACCESSORIES McMillan Service Station Sinclair Products Phone No. 2 and Holland. They must be consid ered, particularly if fighting along with Germany and Britain against Russia. But if they should become Communistic how utterly fantastic is our little military plan to thwart the aggressions of Russia! It all seems to me to opint to one course of action by us: to be strong at home and to have invincible air and naval strengths Instead of a wise policy, a clear vision of real strategy in its stark reality, we find ourselves over taxed, deleting our„ natural re sources, sending our youth and fresh energy to the seven seas, and living in a never-ending series of crises. How much new money does the Government need? Congress has been appropriating and appropriat ing, and now the Government asks for about eighty-five billions of new appropriations, with an additional five billions of new taxes. Not all this is for defense by any means: | all the cradle-to-the grave stuff is have done in December, 1950. 'The de crease in purchasing power was ac tually much greater. Neither estimate takes account of income taxes, and* Federal income taxes have been raised twice in the past -thirteen months. Taxes pro duced by the increased dollar in come for 1951, and by the recently increased rate, plus the additional excise taxes, will further reduce the disposable income of 1951 by at least eight • billion dollars. The shrinkage does not stop here. On December 31, 1950, * individuals were supposed to have $226.5 bil lion of accumulated savings repre sented by money in banks. Gov ernment bonds, cash surrender val ue of life insurance, time deposits, saviiigs-and-loan-association assets and Government pension and trust funds. Since the purchasing power of these assets fell 4 ptet cent, along with everything else, this repre sents a loss of more than nine bil- lion dollars in eight months. The fact is that between 1950 and 1951 there has been a decrease in I there, expanded, even magnified: the purchasing power of individuals 1 all the boondoggling is glorified, amounting to more than 7 per cent, and perpetuated. jBut it is well | instead of the increase claimed in known that billions of dollars are j the news release by the Depart- still on hand from appropriations of ment of Commerce. The wave of other days. According to the Direc- optimism with which this depletion tor of the National budget, there of assets is greeted even in con- will be $72,800,000,000 (seventy-two servative circles should deceive no billion, eight hundred millions of body. Infiation, like marijuana, in- Gray Funeral Home Clinton, g. C. FUNERAL DIRECTORS ...and... EMBALMERS Phones 41 and 399-J AMBULANCE SERVICE L. RUSSELL GRAY and V. PARKS ADAIR, Gen. Mars. dollars) of previous appropriations unspent on June 30, 1952, the close of this fiscal year. Mark you, if not one cent of new appropriations were made; if not one nickel of new taxes, were, imposed, there will be nearly seventy three billions on hand, or subject to the Treasury’s spending, at the close of this fiscal year., ^ It appears to me that there is a scheme to get so much ahead that Congress will authorize and appro priate itself out of all practical par ticipation in the frenzied orgy of Government spending. Eisenhower or Russell, or almost anybody else, would be a sort of saving grace for this Nation, provided he were not of the same wasteful habit. Our problem today is to redeem this duces a comfortable but misleading sense of confidence and well-being. Even corporate executives, seeing their cash receipts on the rise, oc casionally mistake this for real prosperity. Labor economists near ly always do, although they take a less rosy view of recent wage' ad vances. Perhaps the time will come when the American people can Wake a sound estimate of this in flated national income. 1 That was a part of a thoughtful editorial erf The Saturday Evening Post. We natives of the South have - heard about the inflation of our Confederacy when so many dollars were needed to buy simple neces saries. Paper money was once so cheap Attention— Young Men and Young Women Business training pays divi dends for life. Secure your training for a business career at the GREENWOOD COL LEGE OF COMMERCE. New classes in all business courses starting March 3. Write for in formation regarding complete business courses. /" Greenwood College of Commerce Greenwood. South Carolina Nation from the despoiling control i n this country that it was called of a- wrecking crew and to save the i shin-plaster. Paper is about all . heritage of freedom and opportun- that we have since our paper cur- 1 ity that belongs to the generations rency does not rest on either gold or silver; American currency rests them. which will eome after us and wiR # . wonder why we used everything on the general prosperity of., the and left only gulleys and ^ocks to Nation and the ability of the people to pay taxes. The one factor which operates in favor of our unprotect ed currency is the unbridled infla tion in most other countries. We are strong and stable, but only by comparison. However, that is as dry as dust, isn’t it? In referring to shin-plaster I make my respectful submission to Historian A. S. Salley who honors me with his indulgept sympathy. _ Everybody has a plenty of mon- jey, they say. According to the bank statements there is quite a lot of money; many jingle money in their pockets. I wonder if they are in the ! condition of one of my tenants who came to me with this explanation | of her finances: “I mek thirty hun- ! dred dollars worth of crop and Use | got the papers to prove ,it—and that’s all I got.” I suppose you un- | derstand the language and catch j'her meaning—“AND THATS ALL I got.” Well ,she must have receiv- , ed and handled that “thirty hun- J dred dollars” ■ she spoke of. Patient students tell us that the weekly income of $36 in 1939 would at MURRAY GARRER’S 60 Gauge, IS Denier Nylon Hose Ladies' Rayon — Tailored and Trimmed SLIPS > w.*V' , Regular $2.00 Ladies’ Trimmed and Tailored Panties 2 for Ladies’ — All Colors GLOVES Pastels and White Ladies’ Nylon Tricot Textron Slips Tailored and Trimmed — White or Pink Ladies’ 51 Gauge, IS Denier Nylon HOSE For First Quality 2P “ too Ladies’ Cotton Sanforized SLIPS A Regular $2.00 Value Ladies’ Silk BLOUSES All Sizes 1.99 Ladies’ Cotton DRESSES Exceptional Value — Sizes 7 to 44 Ladies’ Nylon Tricot Panties 2 pr for Ladies’ Seersucker PAJAMAS All Colors — Sizes 32 to 40 Ladies' Cotton}' Dresses 2 for Ladies’ New Spring SKIRTS Cottons — Spuns —- Rayons