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I Thursday, March 20, 1952 THE CLINTON CHRONICLE Page Seve* IT’S YOUR MONEY THEY’RE SPENDING By J. HUGH JACKSON, Past Kiwanis International President, Dean, Graduate School of Business, Stanford University, In Kiwanis Magazine The greatest danger facing Amer ica today is not Russia, not Red China, but inflation.” So stated Dr. Marcus N a d 1 e r, internationally known professor of finance at New York university, at the 1951 Stan ford business conference. And Karl Marx, the idol of Stalin and of all communist governments, stated in one of his writings that the way to destroy a nation is to destroy its purchasing power. That is what is ■happening in Ameri^i today. And with your money! According to United States Bureau of Labor Statistics figures, if it be assumed that your dollar was worth 100 cents during the five-year period 1935-1939, then ten years later its buying power had dropped to fifty- mne cents, and by the close of 1951 your dollar was worth slightly less than fifty-three cents — and there is no prospect that the end has yet been reached. In twelve years the pur chasing power of your dollar, has been almost one-half destroyed, yet the spending spree in Waslinigton goes merrily on. All Presidents, from the beginning of Washington’s term of office to the would cover this partly by the addi tional $5 billion tax increase and partly by further borrowing, in creasing the national debt another $7 to $10 billion. This deficit financ ing will add greatly to inflation, and crops are usually shaded out. , The multiflora rose seedlings will be planted to furnish a living fence for livestock and also for food and cover for small game. Yates Songer, a beef cattle farmer ing stream, it would be a brake on inflation, but instead the government is pouring all such collections, and, billions of dollars more, right back into the spending stream, largely in competition with private industry— pushing prices and wages Continual- , , , ... , ly higher, and month after month fervice clubs and civic organizations close 'ot Prankiin D.'^nosE^v^lt’sraKl- rhrorrwasiahtlbat: raald’lrjustifted ministration, a period of 156 years, took from the American public 248 billion dollars in taxes. Included in that period were two major world wars In its six years of existence, the current administration has taken in 260 billion dollars of taxes from the public. And even so, there isn’t enough tax money to pay our current bills, and each year we are going deeper into debt! *We are told that high taxes are necessary, to offset inflation, If the government were using this money to reduce the public debt, thereby pushing the purchasing value of the dollar lower. When the 1951 tax bill, adding a $5.45 billion burden on the American people, became law in early October, Senator George, the veteran chair man of the Senate Finance Commit tee and one of our real leaders in Congress, expressed the opinion that this bill was the limit to which taxes could properly go. He estimated that this would bring the total revenues to $67 or $68 billion for the fiscal year and he added that “This is dbout $15 billion more than we should spend eveiYwith a stepped-up defense program/’* With a budget of the value of your dollar goes skid- of the Trinity Ridge community, is ding again. making the largest planting of rose Every thinking citizen of these seedlings. He is putting in approxi- United States is tremendously con- i mately two miles which will, within cemed over this situation. Waste and' two or three years, make a living extravagance are everywhere. What \ fence that will keep both his live- can we do about it—what will we do! stock and soil within its boundaries, about it? In one fine conununity i The rose seedlings were furnished some twenty miles from where this to the farmers of the district by the is being written, under the leader-[Soil Conservation service and were ship of the Kiwanis club, all of the | grown in the nursery at Rock Hill. The bi-color plants and seed were have bound themselves together on a program which they hope will be come nationwide. It is this: Get vot supplied by the South Carolina Game and Fish department. Some of these plantings will be ers,to agree to vote for no candidate j new on many farms. Others are en- for Congress, whether Democrat or, larged plantings. Republican, who will not definitely j Last year, John Earle Smith of the commit himself to vote for a one-' Hopewell community, planted 3,000 third reduction in our present spend- j bi-color plants. This year he is put- ing program^ If the more than 3000 ting out 2,000 additional plants. Mr. Kiwanis clu6s situated all over the'Smith made his first planting four United States would make this their | or five years ago. He now has six number one program for 1952, they'patches approximately one - eighth would be carrying out our Third Ob-! acre in size and a continuous strip jective—“Fight inflation and demand | through a large field, over three- economy in government”—and sav-j fourths of a mile long. Mr. Smith ing our country for future gener- was awarded first prize last fall for ‘ having developed the best wild-life Officers Training Council Be Held At Whitmire Church ... . ■ *' ^ ——..... — ■ A capacity crowd is expected to attend the Aasociatiohal Meeting and Officers Council in Training Union of Reedy River association to be held with the First Baptist church of Whitmire on March 25 at 7:30 p. m. The first part of the service will be given to junior and intermediate drills, hymn * festival and better speakers’ tuornament. Each church is invited to have par ticipants in each of these. The associational officers will lead thirty minute conferences and there will be a fellowship meeting at the close of the conference. The winning participants in the junior and intermediate sword drills, speakers’ turnament and choirs making a grade of B will represent the association at the Regional Training Union convention on Ap ril ‘3 at the First Baptist church. Laurens. Dr. Fred E. Holcombe OPTOMETRIST Offices at 200 South Broad St. Phone 658 Office Hoars 9:00 to 5:30 Goodyear Tires and Tubes BATTERIES AND ACCESSORIES McMillan Service Station Sinclair Products PhoM N*. 2 approximately $71 billion for the This orgy of spending has got to! Program of any farm entered in the 1951-52 fiscal year (making a sev- 66 stopped or the country we love [ Piedmont Communities Soil Conser- eral-billion-dollar deficit), Senator George’s statement w r ould mean that properly a totar expenditure by the federal government of $55 or $56 bil- But no! The President goes gaily along, and in his budget message to Congress in January 1952, asks for expenditures of $85.4 billion for 1952-53 (July 1, 1952 to June 30, 1953), with another $5 billion tax increase slapped on the already- over,burdened American people. But even the President recognizes the end of a "pay-as-we-go” program of living within our budget. Tax rev enues for the 1952-53 fiscal year have recently been estimated at $70 to $73 billions, so Spending $85 biT- lions would leave a budget deficit of taking that money out of the spend- $12 to $15 billions. The President No! No! LET US FIX THAT OLD WATCH There is probably many years of good service in it if repaired by an expert craftsman AND THEN— ELECTRONICALLY TESTED ON A We not only employ watchmakers who are skilled and long experienced on problem watches, but we use quality replacement parts. — then test all of our work electronically on our WATCHMASTER. a i ii tific instrument which PRINTS a record.— PftOVMC THE EFFICIENCY OF THE REPAMS -• ~ —’ — gee^rgoe^u^^ee J. C. THOMAS, Jeweler CLINTON AND JOANNA “Ifs Ttaer llist Gouts” will cease to be. A high-jup officer ini vation contest. the armed services, at lunch with! me recently, stated he was "scared ; Sl ?,5P® E ™ TH F. CH 5 0t ?S U! to death’ lor the future of Amer.ca : ^ P * l>, ’ r BTCTylHrtT ■»«»*" .unless, somehow the American voters, WE-JJO- ALL KINDS OF PRINTING could be aroused as to the serious—I——- — ——EXCEPT BAD ness of the situation. Whai a job for Kiwanis in 1952! If your house were on fire, youd do something. Your country is on fire — and it’s your money they're spending! Russell To Extend Bid To Country CHRONICLE PUBLISHING CO. Phone 74 HOW TO ARRANGE A 6000 HOME LOAN We specialize in home mortgage loans tailored especially for you . . . with the monthly payments fitted to your income (after a reasonable down payment). See us, if you are ready to buy or build a home, and need the right home loan. ederal Savings |and loan association Telephone No • A Clinton Institution Serving Clinton People Since 1969 Washington, March 18. — Sen. Richard B. Russell announced to day that he 'will expand his Dixie- born bid for the Democratic presi dential nomination into an all-out “national campaign” starting to morrow. 1 - Simultaneously^- a White. Bouse, spokesman said at Key West, Fla., that President Truman has no idea of ordering Gen. Dwight D. Eisen hower home from Europe any time soon unless the general asks to be relieved as chief of the North At lantic treaty forces. Other developments: Paul G. Hoffman, co-chairman of “citizens for Eisenhower,” said in Paris that he believes Eisenhower considers his New Hampshire pri mary victory over Sen. Robert A. Taft of Ohio, as a “clear-cut” to political auty. Democratic National Chairman Frank E. McKinney, sent word to withhold Mr. Truman’s name from the California primary June 3 in line with the President’s wishes “that his name not be entered in presidential preferential p r i m a- ries.” McKinney acted after his first conference with Mr. Truman since the President’s New Hamp shire defeat. Pro-Truman leaders in the state are expected to enter a “favorite son” candidate instead. Taft and Eisenhower campaign headquarters claimed victory in the selection of North Carolina’s 26- vote GOP delegation. Eisenhower forces claimed they got 10 dele gates, Taft got 10 and six were uncoihmitted. Taft forces claimed 18 for the senator, six for Eisen hower and two uncommitted. Russell, a Georgia senator and the choice of anti-Truman Southern Democrats, said he will launch his nationwide drive for delegates to morrow with a news conference and the oening of national head quarters in the Mayflower hotel here. ,, The announcement adds up to a concession that the Russell cam paign needs more than just the Southern delegates to exercise a strong voice in the selection of a \ Democratic nominee and the fram-1 ing of the party platform at Chica go next July. In Paris, Hoffman said he urged the general yesterday to return to the United States “as a candi date for the presidency” several weeks before the Republican na tional convention. In a letter made public yester day, but written before New Hamp* shire, Eisenhower told Rep. Clif ford Hope (R-Kans) he would stay in Europe “in the absence of a competing call or relief by a higher authority.” Newsmen inquired at the winter White House in Key West, Fla.,'id- day whether the letter might be In terpreted as a request fro mEisen- hower to be relieved. Farmers of County Plant Lespedeza And Multiflora Rose Seedlings By J. B. O’DELL Soil Conservation Service Food prices may be high on hu man food, but the food situation for quail in Laurens county looks good. Thi* year, farmers cooperating with the Laurens County Soil Conserva tion district are planting 96,000 bi color lespedeza plants, 200 pounds of bi-color seed and 20,600 multiflora rose seedlings. The bi-color plantings will be made in one-eighth acre plots, in field comers and as border strips around the edge of woods where READ THE CHRONICLE ADVERTISEMENTS REGULARLY . EACH WEEK It will .pay you. It’s thrifty, to shop first in this newspaper, then in the stores as prices change and new merchandise is received and displayed. • BE WISE— READ THE ADS I Notice! All 1952 City Licenses Must Be Paid By March 31. W. B. OWENS, City Clerk and Treasurer Mr. Farmer..Be Warned! K s s McIntosh shoe SHOP Doing Business at the Same Old Stand . . . 203 Musgrove St Phone 76-W GOOD WORKMANSHIP GOOD MATERIALS There.is a very definite SHORTAGE OF FERTILI- g ZER MATERIALS, Already, before the rush starts, the 5 manufacturers are having trouble, getting shipments on time. Brokers who used to try to sell materials now spend « most of their time calling or writing TRYING TO BUY re-sale materials. 1 SOMEONE is going to be too late getting his ferti lizer—too late to get an early crop. DON’T LET IT BE YOU. Remember, last year 3 days delay in planting made a difference between failure and success in the cotton crop. C-W-S GUANO COMPANY Phone 62 You Want YOUR Customers To Keep Coming to YOUR Store You Better Keep YOUR Store Coming to YOUR Customers ★ ★ ★ *HtAQU(fh ronicl Mr. merchant What your customers read and see makes the most lasting impression.