The Clinton chronicle. (Clinton, S.C.) 1901-current, March 20, 1952, Image 7
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
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ederal Savings
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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.