The Clinton chronicle. (Clinton, S.C.) 1901-current, June 26, 1952, Image 9
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The Chronicle
Strives To Be A Clean News
paper, Complete, Newsy
and Reliable „
fflhrntiltlp
If You Don’t Read
The Chronicle
You Don’t Get the News
Volume LIU
Clinton, S. C, Thursday, June 26, 1952
Number 26
A Regular Chronicle Feature
BABSON POINTS OUT HIGHER
TAXES HAVE SILVER LINING
Various Ways In Which
Goods Is Done As Result
Are Cited.
Babson Park, Mass., June 20.—
Now that the first half of the year
1952 is nearly over, income tax
reckoning still leaves in its wake a
raft of questions. For instance, if
someone should ask about the ef
fect 'of income taxes on profits, the
answer would seom to be obvious.
Taxes bite into profits and appar
ently bring about slimmer margins
between sales and costs. Business
tries, however, to
qjake up for this
shrinkage in prof-
its b v expanding
e vol u me of
sales.
Taxes May Help
Business Tem
porarily
There are also
mm, . i
f
should be improved. It should
have an advantage over competi
tors who do not have excess prof
its for expansion of business out of
tax money. Excess profits may
well increase the advertising in
newspapers and magazines.
Government Must Permit Profits
To Continue
Corporate profits provide over
one-third of the income of the
Federal Government. It is a para
dox that the tax program, which
eventually might be a drag on in
centive, may, for a time, itself pro
vide an incentive to expand. In
addition, the Government needs
the success of every business it
taxes .to oqntinue its defense pro
gram.
- Some firms, which may other
wise barely break even, may then
remain in the field, due to the
high level of economic activity. So
the tax program, which threatens
to take away with one hand, also
gives advantages with the other.
NEW HOPE FOR POLIO CONTROL
OFFERED AS ’52 SEASON OPENS
ings” to the cloud.
Bo*er W. Bab«oa j y axes
as much as any reader does, but
we should realize that indirectly
such taxes have certain advantages
—(1) High taxes make us all work
harder. (2) As high taxes are
hardest on retired people living on
a fixed income, these higher taxes
are forcing many of them to again
become producers. (3) High taxes
other “silver ^ lin- There is opportunity to expand and
freedom to look forwardf to profits.
Businessmen Should Not Get Dis
couraged By Bad News From
Abroad
Stockholders can Ije sure there
is no stock market behind the Iron
Curtain! A stock market depends
upon free enterprise by those com
panies whose shares are traded.
Buying and selling then depends
on available money and the ex
make us all more interested in istence of confidence in the future
electing a better government. (4)
High taxes may result in increased
gifts to churches, hospitals and
charities.
and invest.
But taxation is not lacking be
hind the Iron Curtain! Taxes are
collected in Russia so as to retard
„ ,. A „ , , 1 enterprise and activity. To meet
Even excess profits taxes have the cha i lenge of those govern-
certaiR ■ compensations. For—exam- fmrnts. however^ we must show by
pie, at maximum ra t e s. seventy- our ac tions and faith that the fuller
seven cents of every dollar of ex- ( jjfg. 0 ff erec i by the free world,
cess profits may go to the Govern- j payS- We must maintain not only
tion decides to spend what would! the freedom to work, save, and in-
go into its excess profits for re-1 V ent, but we must work and save
ment in taxes. But if the ebrpon-
search, advertising, or employing
more salesmen, it could do so ad
vantageously. Every dollar of such
outlay would then cost the cor
poration only twenty-three cents.
Companies in a position to make
use of these “thrifty” dollars might
better maintain buildings and ex
pand sales efforts. •
Taxes and The Stock Market
Now, with some degree of cer
tainty of earnings at the level
where excess profits begin, there
might even be a reflection there
of inhigher prices for the com
pany’s shares. What would be the
position of the stockholder in such j
a case? The higher stock prices!
hiight bring about long-term capi-!
tal gains if more of the earnings j
are later converted into dividends.
By spending money that other
wise would go to taxes, the com
petitive position of the company
Chicago, June 12.—New hope for
eventual control of infantile para
lysis was offered today lamost co
incident with the start of the 1952
polio “season.” %
Dr. Henry W. Kumm of the Na
tional oundation for Infantile Pa
ralysis laid that while no cure has
yet been developed, research find
ings of the past two years estab
lish grounds for hope the malady
may eventually be conquered. .
The New York physician told the
annual meeting of the American 1
Medical association of these out
standing developments:
1. The finding that there are on
ly three types of human polio vi
rus, in contrast to theories that
there might be many more—thus
narrowing down the area of at
tack in seeking a preventive xac-
cine. W "
2. The finding that the polio vic-
rus can be roacte to , ^row’-’-on-
tissue other than the nervous sys
tem variety—thus expanding pos
sibilities 'for producing a vaccine.
3. The discovery that in monkeys
and chimpanzees, at least, the
polio virus first enters the blood
stream instead of heading directly
for nerves, as has been previously
believed.
4. If that should be true in hu
mans as well. Dr. Kumm said, a
blood substance known as gamma
globulin—if injected at the right
time—might act as a preventive
against infection by the polio vi
rus.
He said tests of tne globulin ma
terial are to be made this sum
mer on an extensive basis. Some
limited tests were made of the ma
terial last year in a Utah commu
nity wheih experienced a severe
polio outbreak.
5. Dr. Kumm said that best in
formation now is that the polio
virus probably enters the body
through the mouth—that is, you
get the polio bug by eating it or
drinking it. This narrows down the
so-called portal of entrance” which
previously has been thought to
include inhalation through the
But even in the depths of his self-
condemnation, St. Peter did not
lose his faith in God’s unquench
able love. He made'a new start—
which was all that was asked of!
him.
Peter kept the memory of his
defection, but only that he might
be on guard against falling into sin
again. All who sin and repent
should likewise be content that the
present finds them restored to the
friendship of God. If the sinner
thinks of the future it should only
be to pray for strength and cour
age to keep doing whatever God
wills.
OFFICE SCFPUES
Complete line, all the little items
needed for the office.
CHRONICLE PI'Bw JSHTNG CO.
Phone 74
nose.
Six-Inch Sermon.
By REV. ROBERT H. HARPER
Some men are kept from sin be
cause of the fear of punishment.
Bur Ttrtr eamest Chmttan' abhor-'
sin becayse it offends the goodness
of God. The more we think of God
as a kind and ever-devoted Father,
the more does sin become revealed
for what it really is—an act of
treachery and ingratitude. Not on
ly do we grow in determination
never to offend God, but we strive
to do good for His sake. We keep
trying to pattern our lives as close
ly as possible to that of Christ
Himself.
At times, however, even the
most upright may fall into sin.
Remorse shakes the sinner as it
did St. Peter who truly loved hisj
Master, yet thrice denied Him.
ATTENTION!
CALLING ALL CARS!
• BEST TIRE BARGAIN YET
600x16 Atlas Roadster
For Only 12.95
(Tax Included)
NO TRADE-IN NECESSARY
♦ ♦
!| TIIHIS OFFER GOOD ONLY FROM JUNE 16—JULY I
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CARD OF THANKS
We take this method of express
ing our most heartfelt thanks and
appreciation to our friends and
relatives for their expressions of
love and sympathy in time of sor-
one, William M. Perdue, Jr. May
row in the passing of our loved
God’s richest blessings abide w r ith
each of you.
Sincerely,
, WIFE AND CHILDREN
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DR. L. B. MARION
NATUROPATH
Res. Phone 939
500 South Broad St.
... and to play refreshed
have a Coke
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It’s so easy to find in so many places
... so easy to ice in a cooler
for out-of-the-way places.
BOTTIED UN DM AUTHOVTY OT THI COCA-COLA COMPANY IT
GREENWOOD COCA-COLA BOTTLING COMPANY
"Cakw"k m ntkUrid hait mm*. O THE COCA-COLA COMPANY
SAINT-AMAND
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SOLICITOR
*
★
My Friends:
When I entered the race for Solicitor of the Eighth
Circuit, I did so with the determination to make a
good Solicitor, if elected. All my life, I have worked
and prepared myself thoroughly in the Jaw so that 1
would be qualified to seek this important office. Twenty
years of practice in our Courts have given me the
background and experience to represent all the people
as Solicitor.
Your words of encouragement, your help with
those you know in other counties, and your promise
of support on July 8th have made me more determined
than ever to live up to what you have a right io ex
pect of your Solicitor both as an officer and as a man.
'Believing that the Solicitor should hold the respect
of the people, I have tried through my humble efforts
in the Church, Civic Organizations, work with the Boy
Scouts of America, and our Schools to prove myself
acceptable. The moral fibre of any man can be best
judged by the opinions of those among whom he lives.
If I should be elected your Solicitor, I promise to
so conduct myself that you will have no cause to re
gret having supported me.
Please believe me when I say that I am humbly
and sincerely grateful to you for whpt you have done,
and are doing, in my behalf.
(Editorial in The Newberry Observer of June 20)
A Good Man for the Job
One of the campaign placards of C. E. Saint-Amand.
Newlierry’s candidate in the racc-for the aoHcitorship of
the Eighth Judicial Circuit, reads: “A good man is Saint-
Amand—for Solicitor. ’ Newberrians know what this means.
They know that he is a man of ability, impeccable charac
ter and untiring energy. They like his pleasing manners and
admire him for his legal abilities. They know he has the
qualifications toTill the office of solicitor, as they have seen
distinct evidence of these qualifications in the twenty years
in which he has practiced his profession.
However, Mr. Saint-Amand’s abilities extend beyond his
legal qualifications. He has a pleasing nature that makes
friends quickly, and holds them. While his profession keeps
him busy, he is ever ready to help and assist in. civic af
fairs. He has served in many civic capacities in the com
munity and has devoted a great deal of time to Scouting,
realizing its worth to the youth of our day.
Newberrians hope that the citizens outside the county
will inquire into the life and abilities of her candidate, who
can and will fulfill faithfully the duties of the office if
elected.
★
Neighbors Favor
C. E. Saint-Amand
At the beginning of the campaign, the voters of Ward
No. 6, Newberry, S. C., assembled in the precinct meeting,
endorsed Saint-Amand. Ward 6 is the home precinct of
C. E. Saint-Amand.
Excerpts from that endorsement: “He is best known to
those of us . . . his neighbors, who have had occasion to
observe his daily life,among us . . . will represent the peo
ple of Abbeville. Greenwood, Laurens and Newberry fairly
and justly . . . endorse the candidacy of Mr. Saint-Amand
wholeheartedly . . . and go on record as recommending him
to the voters of all the four counties without reservation.’*
Signed, W. W. Whelan, Secretary, of Ward 6 Precinct.
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VOTE JULY 8th