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Thursday, February 21, 1952 / • THE ©LINTON CHRONICLE Page Three • J C- It Jt) * NOTICE OF SALE The State of South Carolina, County of Laurdhs. In Court of Common Pleas. D. E. TRIBOLE CO., A Corporation, Plaintiff, vs. LAURENS R. GLEEN and ONNIE GLEEN, Defendants. Pursuant! to a Decree of the Court in the above stated case, I will sell at public outcry to the highest bid der, either in or in front of the Court House, at Laurens, S. C., on Sales- day in March next, being Monday, the 3rd day of the month; during the legal hours for such sales, the fol lowing described property, to wit: All that piece, parcel or lot of land, with dwelling house thereon, situate, lying and being on the east side of Livingston Street, in the Town of Clinton, Laurens County State of South Carolina, bounded on the north by lot now of ft. C. Wilson, formerly of Arvin Wilson and Sarah Wilson, shown and designated as Lot No. 8 on the plat of subdivision here- _inafter> referred to, two hundred twenty-four (224) feet thereon in a straight line; on the east by Sea board Air Line right of way for Y track, seventy-two (72) feet there on; on the south by the lot formerly of Marie M. Owens, now of John Henry Jacobs, shown and designated as Lot No. 10 on plat of subdivision hereinafter referred to, two hundred forty-five (245) feet thereon in a straight line; and on the west by Livingston Street, seventy (70) feet thereon. Said lot above described is shown and designated as Lot No. 9 on plat of subdivision of property of Mrs. Marie M. Owens, made by S. T. Martin, dated June 24, 1947, and re corded on July 9, 1947, in Plat Book 5 at page 82, in the office of the Clerk of Court for Laurens County, South Carolina, and reference is hereby made to said plat for a more accurate description of the said lot. The lot above described is the iden tical lot conveyed to Laurens R. Gleen and Onnie Gleen by Marie M Owens by her deed dated July 8, 1948, which deed was recorded on July 9, 1948, in Deed Book 95, at page 488, in the office of the Clerk of Court for Laurens County, South Carolina. ' — Said sale shall be subject to the lien existing on said property in fa vor of Citizens Federal Savings & Loan Association. The bidding shall .be closed on the day of the sale. Terms of Sale: Cash. ■ ft. <■ The successful bidder, other than the Plaintiff-herejiv irnmediately up- ' on the conclusidn? p|»the bidding, shall deposit wMh^he (5}erk of Court the sum of five per cent (5%) as a guarantee of his good faith in the bidding. The same to be applied to the purchase price upon his comply ing with the terms of sale, otherwise to be paid to Plaintiff for'credit on the indebtedness. In the event the successful bidder should fail to make such deposit, or should fail to com ply with the terms of sale, the said lands shall be re-sold on the same or some subsequent Salesday on the same terms, at risk of the defaulting purchaser. The purchaser to pay \>r papers, stamps and recording. W. E. DUNLAP, C. C. C. P. & G. S. Dated this 12th day of Feb., 1952. 28-3c New Treatment For Alcoholism! New medication remove* all desire for alcoholic drink with*« in 72 hours. No nausea, no long periods of nerrousness. This is the quick, effective, safe method. Positive results with 6800 men and women. Patients accepted day or night. Write or telephone today. Abt Sanitarium 605 E. North St. Tel. 2-4485 Greenville, S. C. . For Prompt and Satisfactory Service PLUMBING .~and.~ Steam Fitting Call a Licensed Plumber Phone 377-M ROY THOMAS Gray Funeral Home Clinton, S. C. II NEPAL DIRECTORS ...and... EM!!A EMERS Phones l! and 319-.! \UBJ I.WCi: SERVICE E Rl v;! EE GRAY and V. E VUKS ADAIR, C.rn. M*rs. When I harp on the danger of Socialism I am the more deeply concerned because the young peo ple are either not interested or, else, are leaning toward Socialism because of some text books and some teachers. A widely known and greatly respected citizen of Charleston calls attention to this: that at certain grass-roots meetings in Charleston, called for the pur pose of opposing the trend to So cialism, there was no one present under thirty-two years of age. Pathfinder Magazine tells a story of the Idaho brand of National So cialistic politics. “Protest meetings and public opinion polls have made the senti ment clear. The sturdy people of Idaho’s Snake River Valley don’t like socialism in any guist. And they do like their Idaho Power Co., which has electrified nearly 99% of the area’s 27,000 farms—at rates 42% below the national average. Yet last week Idaho Power faced a fight for its very future as pub lic power men sought desperately to frustrate its expansion. By the simple device of holding back a construction license, the Federal Power Commission has stalled for four years Idaho Power’s proposal to build a hydroelectric dam at Oxbok, a Snake River site owned by the company for more than 30 years. Reason: The U. S. Bureau of Reclamation doesn’t want Idaho Power to build the dam (and four others proposed for Brownlee, Sturgill, Bayhorse Rap ids and Hell’s Canyon). lostead, it wants a single dam at Hell’s Can yon. Cost of the five smaller Idaho Power dams: Less than $200 mil lion, financed entirely by ( private capital and taxpaying upqn com pletion. If the Federal dam goes up, it will not only take the Hells Can non'site but also wiH flood Idaho Power’s four other sites. Why do other areas of tht North west need this extra power any way?, they ask. Invariably the answer points to aluminum-makers, induced to Northwest by public power ng^n. ‘With the deliberate intention’, Snake- -Valley people say, ‘of creating such a power shortage that Congress would ap prove the building of more public dams.’ Public power men weren’t stop ped even when Congress rejected their request for money to build th Hell’s Canyon dam. ‘It’s still part of our basic plan,’ said Bon neville’s Morgan D. DuBrow last week. Should taxpayers have to foot bills for projects private industry would build? Shoqld Government be allowed to thwart development of any area—perhaps yours?”. The Investor’s Reader tells an in teresting story: “One example of the cost differ ential in public and private power is tucked away in a recent engin eers report prepared for New York City. Wrote the engineers: Tn a typical large modem high-pressure, steam-power station of 330,000 kw capacity the personnel required is 132 on a 40-hour week. On the other hand in the City’s 74th Street plant which has less than half this capacity there are a Jotal of 433 persons working 48 hours weekly.’ The City now buys about 28% of the power required for its vast rapid transit system. In the latest fiscal year it paid Consolidated Ed ison 1.1c a kwh for power versus 1.4c as the cost of city-generated power. Moreover Con. Ed. gave the city a $682,000 ‘kick-back’ in the form of taxes. Concluded the New York Times: *. . . the City should go out of the power business en tirely.” Are we all crazy; or should sen sible people ^arouse themselves and correct the foolish course? » • • Tn what direction is this Na tion growing? Maine, Massachu setts, Ptnnsylvania, Kentucky, Mis sissippi, Minnesota, the Dakotas, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas have very small growth. New .York, the Carolinas, Wisconsin, Illinois, Indiana, Ohio, Tennessee, Alabama, Georgia, West Virginia have less than average gain, but growing substantially; Virginia, Connecticut, Michigan, Idaho, Wyoming, Colorado and Texas are above average in devel opment; but Delaware, Maryland, Florida, all the Pacific coast, Nev ada, Utah, Adizona nad New Mex ico are booming. When you order a steak you think the life of a cafe or restau rant operator is the life of Riley, don’t you? I have a fine old friend in Columbia who has a cafe. Near ly every time I see him he is at his cash register. All this time I’ve thought he was always busy put ting in money; perhaps he was tak ing it out How does this impress you: “The $7 Billion A Year restau rant business is in the soup. This is the sad fact even though na tional income is at an all-time high and many an industry rings up rtfeord profits. But the men and women who run 350,000 U. S. eat ing places serve 66,000,00 meals e dfeyi' aitf 'iift little for their work but slim earnings — and often losses.” “X has 53 restaurants mostly in New York city. In 1950 it reported sales of $40,946,000 and profits o7 $1,032,000 (93c a share). Four years befort it earned twice as much on sales of $37,240,000. Things are still dreary with a $53,000 loss for the September nine months, the worst since anyone, cares to recall.. Mute evidence of operating diffi culties is the Y Company whichr operate? 73 cafeterias and was once a junior blue chip. The chain serv ed 44,000,000 customers in 1950, rang up sales of $15,678,000 put lost $248,000 in the process. Back in 1943 with almost identical sales profits were $811,000. Restaurant men agreed on the ailment: costs on the increase and selling price sqashed between price ceilings and consumer resistance. Tht problem is compounded since the average check in restaurants is less than 30c, even with inflation. Reason: many customers drop in for only a cup pf coffee or a glass of water and a toothpick. Of coursa, a»man who can order a steak, just so,-should have his pic ture in the papers, like Babe Ruth knocking a home run over the right field bleachers. * * * Even the bankers have troubles; it must be a sad world. “Operating earnings of most banks above 1950 but not good enough to show a reasonable return on capital compared with many other businesses. Naturally the re suits varied widely among the 14,000 banks (including 6,800 mem bers pf the Federal Reserve sys tem). Despite their better prosperity, many bankers are not altogether happy. They groaned at the bite of taxes; they are plainly worried about the high rate of government expenditures; they ponder what will happen late in 1952 when the U. S. treasury must sell many more bonds to finance its deficits. Based on their recent record, tht banks will struggle through some how — and probably make more money in the process. In the five years since War II, the nation’s bank assets have undergone some significant changes. By the end of 1945 the commercial banks alone owned $90 billion in government securities. On this huge investment the banks earned less than $2% a year because of the treasury’s cheap money policy. An interesting postwar change is the growth of certain banking -areas. For two decades the big New York City banks have lost ground in their proportionate share of total deposits ,an indication that banks in smaller spots handled local needs. In 1941 New York banks ac counted for 30.3% of all deposit holdings, now they have only 19.3%, slightly above the 1950 tally of 18.9%, which was a ten-year low point. In growth areas like Texas, the Second National Bank of Hous ton has increased deposits 450% since 1941, the First National of Dallas is up 200%. In prosperous California, the giant Bank of Amer ica deposits have jumped 250%, and Security-First National is up 160%;. tops t < > r quality tops for quality Fresh Day Old Eggs Large, brown and clean, from healthy hens raised at my farm. Fed and tended by me. Eggs gathered and sold each day through Joe's Esso Station. Phone 128 joe c. McDaniel America’s Biggest Cola Value! When you buy the big, BIG 12-ounce bottle of Pepsi Cola, you get TWO FULL GLASSES in every 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-Cola! Whenever you shop, always take home six big, BIG 12-ounce bottles of Pepsi-Cola for the family! TWELVE full glasses — plenty for all! No Finer at Any Price! In Big 12-ounce Bottle PEPSI-COLA BOTTLING CO. " GREENVILLE, S. C. 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