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’ t i-' y ! The Chronicle Strives To Be A Clean News paper, Complete, Newsy and Reliable Ulhp Clinton (EljrmttrU' If You Don’t Read The Chronicle You Don’t Get the News Volume LIV BABSON DISCUSSES KOREA AND BUSINESS OUTLOOK FOR FUTURE By ROGER W. BABSON Babspn Park, Mass., July 30.— Although I am still cautious as to the trend of business and still be lieve that the best investrrient to day is in bank accounts, life insur ance, and non-taxable bonds—yet I am not fearful of any serious crash from a Korean peace. * Effect On Employment It is a fact that a large number of industries are benefitting from war work. Marginal people who otherwise would be unemployed are now working. Almost every reader of this col umn knows some one who is direct ly engaged in war work. Studies show that the in efficient workers add up to much less than one would think, probably to a total of only two or \Rsf«-W..leb»ee three million per sons. This is less than 5 per cent of the total employed today. The poorest workers of this group will lose their jobs if the Korean War ends and no other war starts. These will be people not interested in their work or those who are asking wages in excess of their real worth. By far the greater fear of unem ployment will come to those who are working on goods sold largely on installments or other forms of credit. This includes automobiles, refrigerators, television sets, homes and other things of which there is now a surplus. There may be a considerable turnover of employ ment when the Korean affair is cleared up, both from those en gaged in war work tmd those de pendent on the installment busi ness. Good workers, interested in their jobs and earnestly striving to give their employer more than a dollar in value for every dollar received, have nothing to fear. Korea Has Not Been Too Expensive It is not healthy for the morals of the country to have inefficient people able to get jobs as easily as they are doing today. As I have said before, the next panic will not be a banking panic, or a railroad panic, or a stock market panic, but rather a consumers’ panic, due to I an excessive boom in jobs, mort-; gages, and a too rapid increase in wages. Avoid debt if possible. Pay your bills promptly and don’t waste time on TV or anything else. As a further check upon the situ ation, l find that the Gross National Product of the United States for 1953 is estimated at over $360 bil lions. It is generally agreed that so long as the cold war with Rus sia lasts, we will spend at least $30 billions annually on national secur ity. This means a decrease of only $20 billions if active fighting on all fronts should cease. This 'figure of $20 billion is les than 6 per cent of the total given above. I still insist that we have seen the peak of busi ness and employment for the next two or three years unless further war breaks out. On the other hand I am more optimistic on the situa tion than I was a few months ago. Instead of flying a “danger signal,’’ I would fly a “caution signal.” . War Stimulates Inventions It, therefore, will be seen that peace in Korea will bring an im proved situation to many to offset the hardships to others. In other words, we are slowly changing from a war to a peace economy and every reader of this column should conscientously consider how it will affect him or her, whether a bank er, manufacturer, merchant, wage worker, or sales clerk, remember ing that all of us are consumers. The purchasing power of the dol lar is gradually increasing; pros perity is holding up better than an ticipated; although, of course, it is impossible for the dollar to increase in value unless present adnormal wages at least level off. Wageworkers fail to realize that their increased wages during the past war years have been due to new machinery. War always stim ulates inventions which either re duce costs or improve the product. If we draw a line showing the mon ey spent on research and new ma chinery by any company, it will usually show how much the com pany can pay in higher wages. None of us realize what we owe to the inventors of our country. The wonderful new machines, products and processes about to come on the market keep me from being a pessimist. 5,000 Seedlings To Be Distributed J. B. O’Dell, work unit conser vationist of the Laurens County' Soil Conservation District, said yesterday that his office will assist Laurens county farmers in getting the 5,000 pine seedlings the West Virginia Pulp and Paper Com pany plans to distribute free of charge to each eligible landowner. The seedlings, he said, will be Dr. W. W. Adams VETERINARIAN 614 Musgrove Street Clinton, S. C. Phones: Office 958 Residence 991-W When friends drop in ewe Coke and snacks Sometimes you’re expecting guests—sometimes you’re not. But you’re always prepared with Coke and tasty tid-bits on hand. •OTTUD UNDER AUTHORITY Of THE COCA COU COMPANY BY GREENWOOD COCA-COLA BOTTLING COMPANY •CoU” b a registered trade-mark. © i»53. THE COCA-COW COMPANY Clinton, S. t., Thursday, July 30, 1953 Number 31 Graduates of Joanna Study Club Get High School Diploma In September, 1952, the Joanna Baptist Church began the Joanna Study club for people of the church and community not having completed their high school course. Mrs. Alex Crawford. B. S. graduate of Winthrop college, served as instructor. Eleven people from the club passed the state high school examination given at the University of South Carolina. - « Commencement was held at the Joanna Baptist church on Sunday evening, June 21. at 7:30 o’clock. Scripture and prayer was given by Superin tendent W. R. Anderson of School District No. 56. Joe Detany, representing the Joanna Mills, spoke on “Adult Education and the Community.” Spe cial music was under the direction of Miss Mary E. Fowler, church music director. Superintendent G. N. Foy of the Joanna^ school introduced J. Leroy Burns, Laurens County Superintendent of Education, who brought the address. Mrs. Crauford. assisted by Buren Lown. principal of Joanna schools, presented the high school certificates. Reading from left to right, front row: Mrs. OHie Wrenn. Mrs. Ruby Mills, Mrs. Arthur League. Mrs. R. L. Francis, Mrs. Leroy Couch. Back row: Mrs. Harold Murphy, Chris Davenport, James Berry. Nathan Brazel, Marvin Hall. William Dunlap, and Mrs. Crawford, the instructor. purchased by the pulp company from the n irsery of the State For- j estry Commission which is not dis tributing free seedlings' this year. To become eligible for the seed lings, Mr. O’Dell said, the land- owner must obtain prior approval from his local conservationist. The pulp company program, he said, in terferes in no way with the regular sales of seedlings from the forestry commission. Neck Pains By DR. J. W. JONES, JR. Did YOU ever wake up with a pain in YOUR neck? Not a very pleasant way to start the day, is it? More than likely that means you have a subluxation (mis placement) of a vertebra in the neck. Usually other symptoms will follow because the spinal cord is involved and all the nerves of the body are a part of the spinal cord in this area. A subluxation at the base of the skull causes not only neck- aches, but headaches, indiges tion, constipation and any num ber of other malfunctions of the numerous organs and parts of the body, because nerves sup plying all these are a part of the spinal cord. Adjustment (correction) of the subluxation is the only logical way to eliminate the CAUSE of disease. Remember: A healthy body and pure bloo^ stream is the only immunity against disease. (One of a series of articles pub lished in the public interest to explain and illustrate the practice of scientific Chiropractic, written i by Dr. J. W. Jones, Jr., whose of- 1 fices are located over Prather- | Simpson Furniture Co., Clinton. I Telephone 1023.) DESIGNED'TO MAKE LIFE EASIER FOR YOU. Jet fieff-D-Froster Refrigerator look how this NORGE ST-R-E-T-CHES SPACE! HANDIDOR ha, built-in shelves, 4-temp. Butter Bank and Egg Nest. BIG FREEZER CHEST holds 48 pounds of frozen foods and and a big supply of ice cubes. MEAT KEEPER is deep enough for a Sunday roast. HUGE CRISPER keeps nearly a bushel of vegetables dew- crisp. MOVABLE SHELVES let you ar range things to salt yourself, store more food without crowding. I PefrwtsiMin MINUTES... Simplest, most practical defrosting system you’va ever seen! Every 24 hours, this new Norge defrosts itself automatically ... so n. a even ioe cream stays frozen. Prather - Simpson Furniture Co. Phone 167 'The Home Makers" Clinton, S. C. 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