Historical Newspapers of South Carolina

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1 s. '•/ * i I The Chronicle Strives To Be A Clean News paper, Complete, Newsy and Reliable Volume LIV If You Don’t Read The Chronicle You Don’t Get the News Clinton, S. C, Thursday, September 10, 1953 Number 37 T STOP TH/S- /r’S /UEGAL l BABSON DISCUSSES PROTECTING YOUR FAMILY By ROGER W. BABSON [husband if she has money in her Gloucester, Mass., nept. 10.—I! own right; but if it is in Trust, her have been rather disturbed to meet husband cannot lose it and yet some old friends here who have lost would not be offended. Then you their husbands anc^ are disappointed [ can be assured that your grandchil- with the way his dren will receive the property even * V ■* estate has been di vided. The husband left no Will, and the needy heirs did not get the money. It didn’t seem quite fair to feave the same amount to a Dr. Felder Smith OPTOMETRIST Laurens, S. C. With the Sick of Joanna Community Mrs. Sallie Lollis of K at her home. Mrs. Lollis is nards is ill th‘e mother tually, instead of, perhaps, some persons you have never known. Your Will could direct that your daughter receive certain income for life, and at the daughter’s death, after the children reach a certain age, the property be divided among VVE DO ALL KINDS OF PRINTING of Mrs. Luke Wright Friends of Mrs. Sigsh<*' L. Hair will regret to learn she is a patient Phone'794 a t Columbia hospital in Columbia for treatment. ...... Ray Surratt is a patient at Joanna her death. In closing let me say I am Memorial hospital for treatWnt. not a lawyer. I get these general ^ e _ regret to report that t ecil Far- ideas from George L. White, At- .> 3 ® nt t at Jo *" na -Memorial torney for and Trust Officer of t Mrs. Roy Moon underwent an ap- Newton-Waltham Bank of Newton, p en( j ec tomy at the local hospital on Massachusetts, with which bank I j September 6th. have formed Trusts for my wife, Mrs. Clyde Holt has been transfer- daughter and grandchildren. red to Greenville General hospital for treatment. STATE HIGHWAY DEPARTMENT-COLUMBIA, S C ^ . HIGHWAY PATROL IS ENFORCING NEW S. C. ANTI-DUMPING LAW Columbia. — A new South Caro lina law which prohibits the dump ing of trash and garbage on high ways and private property is having beneficial effects in making the state a healthier and cleaner place in which to live, Chief Commissioner Claude IL McMillan of the state highway department announced to day. Mr. McMillan said that a number of cases had been made by the pa trol following orders for them to keep a sharp watch., fju - violators and to make cases againsf all per sons apprehended breaking the law. The maintenance forces of the en gineering division are making spe cial efforts to keep the highways clean. Roadside establishments and households are being encouraged to bury their trash and garbage on their own property or to take it to public garbage disposal areas. In several counties the roadsides have been cleaned of rubbish and this work will gradually be extend ed to the entire statR Garden clubs and other organiza tions throughout the state have in terested themselves in the campaign to stop the illegal practice of dump ing trash. Public sentiment general ly is working to bring about a clean- | er and healthier state. The new law, passed at the 1953 session «f the general assembly, im poses a maximum fine of $100, or imprisonment of not more than 30 days, on persons found to have vio- (lated the anti-dumping law. your daughter’s children. Or you son who is in good may be the owner of a business financial condition which you would like to leave to a as was left, to a y 0un g SO n. If so, why don’t you Boger W. B»b»o* daughter who had leave the business in Trust jointly had polio. I have already urged the w ith a bank and your son? The in necessity of everyone making a Will; corne could be payable to your wife under proper legal advice; but I for life, after paying a fair salary j now also urge the use of a local;to your son; and at her death, the! bank for Trust Funds. I business go to the son at a certain [ Protecting Your Widow age. You, of course, would give the Instead of leaving all or one-third two Trustees ample powers to meet of your estate to your wife outright, ,a ^ unforseen changes that may leave her portion in Trust with in- arise- structions to this effect: “My wife is Remember Estate Taxes to receive the income and also to The Federal estate tax can often receive some of the principal if, in be lessened by leaving property in 1 the Bank’s opinion, she at any time Trust and eliminating a “second” needs extra money. When she dies tax. For instance, if you leave your the Bank will distribute the remain- entire estate outright to your wife ing property to my children.” Your or daughter, the Federal estate tax wife would be of advanced age. She I at your death would be considerable has never bought and sold secur- and, if she dies mire than five years ities, collected income from invest- ; later, leaving to a child all your ments or filled out income tax re- property, her estate must pay a sec-; turns. By such a Trust tl^. property ond Federal tax. This second tax would be managed by an experi- 1 could be avoided by leaving your enced Trustee. Your widow would property in Trust, without a “gen- then be happier and safer. eral power of appointment” with When you die your widow will be the INCOME payable to your wife pestered by people who want to an£ l- or daughter for life and then —EXCEPT BAD CHRONICLE PI-BUSHING CO. Phone 74 IF YOU DON’T READ THE CHRONICLE YOU DON’T GET THE NEWS borrow. Some of these may be rela tives and friends who would be hard to turn down if the money is left outright. If, however, the money is left m Trust, she can honestly say to \hese people: “I am sorry; but all my money is in Trust, and L camrot other half at ybhr wifeT or daugh- No Commissions For Some Grads Washington, Sept. 1. — The Army today advised ROTC students grad uating in 1955 that some may not be given commissions because of economy manpower cutbacks and will be open to being drafted as en listed men. The Army said it will make “ev ery effort” to commission gradu ates . but is unable to offer assur ance-that all of them can be ac commodated. Some members of the Reserve Officers Training Corps have been deferred from the draft for college training. If they fail to win a com mission they will be liable to in duction. The Army said it will give graduates not commissioned “ap propriate recognition with regard to their training and potential qualifications.” The Army pointed out that it now needs fewer officers than originally planned because of a “substantial reduction” in person- ^m|»are Allstate before \ you buy Auto Insurance Allstate is nationally famous for its fast, fair claim settle ments pnd savings to policy holders. Ask about Allstate’s • New eatier-to-understand policy • 14 added benefits at no extra cost • Special low rates for farmers • Nationwide claim service H John L. Mimnaugh, Agent King Apartments, Apt. B-4 Clinton, S. C. — Phone 809 You're In'Good Hands with Mtamscta Ml Wk INSURANCI COMPANY fended by Seers, Roebuck end Co. ‘ A wkoBy-Owned subfldlary ol S«on, toebuck ond wttfc aunts ond liabllitlns distinct ond mpa-ain irou the parent company. Home Ottieei Chtcoso, II. „ nel due to budget reductions. The Army now is forcing out the first of some 8,000 officers to make room for this year’s ROTC graduates. The Air Force also is forcing out officers and has warned that ROTC students must take flight training or be dropped from the program. The Army will “stringently” limit the number of students who can transfer from the Air Force ROTC program. Wed.-Thur. Sept. 9-10 ICHABOD AND MR. TOAD A Walt Disney Show — ALSO — THE i BODY GUARD CARTOON - NEWS Fri.-Sat. S«pt. 11-12 THE WASHING TON STORY Van Johnson, Patricia Neal CARTOON - NEWS Sunday Sept. 13 GENTLEMEN’S AGREEMENT CARTOON Sunday Show at 9:00 do what you want” This may be a God-send to all the relatives, as well as to her. If the relative or friend is really entitled to the money, there are other places to borrow. Protecting Your Daughter going to the grandchildren. The above tax saving can also be accomplished by “splitting” your entire estate while living, or by leaving it so that only half would be taxed at your death, and the ter’s death. Then the Federal es tate tax would be very much less. In this case, instead of one Trust for your wife, there would be two. For one of these your wife could hold a “general power of appointment." Another reason for leaving prop- Then only one of those Trusts erty in TYust, especially for a mar- would be taxed at her death—name-; ried daughter, is to make sure that ly, the one as to which she held a at her death, or in case of re-mar- : “general power of appointment.” riage, your grandchildren will some- The other Trust, though the proper- j day receive the property. It is very | ty in it would be taxed at her hus-' hard for a young wife to refuse her band’s death, would escape tax at THE RIGHT AHSWER FOR HOME-FIHAHCIHG For the right answer to your home-financing problems, come to our mortgage department. There you’ll get prompt and helpful service. And — you reach debt-free home-ownership through monthly payments, fitted to your budget. Let ua help work out the best answer to your home-financing problems! ;f5~# EDERAL SAVINGS |AND LOAN ASSOCIATION A Clinton Institution Serving Clinton People Since 1909 Telephone No. 6 You’re "sitting pretty” behind the wheel Take this Bel Air model. First thing you’ll notice is the qual ity of the interior. Rich-looking appointments. Roomy seats with foam rubber cushions. Turn the key to start the engine and you’re ready to go. Is demonstration was worth many hundreds of dollars to me! I thought only a higher-priced car would < n. y suit me. But then I found out how much more Chevrolet offered for how much less! , Mon.-Tues. Sept. 14-15 MILUON DOLLAR MERMAID Esther Williams, Victor Mature CARTOON Wed.-Thur. Sept. 16-17 •MOULIN ROUGE CARTOON • NEWS You can see all around You look out and down through a wide, curved, - one- piece windshield. The puno- window and big Chevrolet’s field — the new 115-h.p. “Blue-Flame.” Gear shift models offer the advanced 108-h.p “Thrift-King” enj ne. Biggest brakes for smoother, easier stops An easy nudge on the pedal brings smooth, positive respon>e —right now! Chevrolet’s im- proved brakes are the largest in the low-price field. It’s heavier for bctr<»r roadability You’re in for a pleasant sur prise at the smooth, steady, big-ear ride of this new Chev- ramic^rcar side windows provide a clear view in all directions. You get more power on less gas * j That’s because Chevrolet’s two great valve-in-head engines are hif>h<ompression engines. In Powerglide* models, you get the most powerful engine in T i \ Let us demonstrate all the advantages | of buying a Chevrolet now! MORE PEOPLE BUY CHEVR0LETS THAN ANY OTHER CAR! rolet. One reason is that, model for model, Chevrolet will weigh up to 200 pounds more than the other low-priced ears. You get greater getaway with the new Powerglide* A lot finer performance on a lot less gas. That’s what you get with the new Powerglide automatic transmission. There’s no more advanced automatic transmission at any price. And it’s the lowest-priced line A demonstration will show you that Chevrolet oilers just about everything you could want. Yet it’s the lowest-priced line in the low-price field. *Combinatiotf of Powerglide auto matic trarvlmission and 115-h.p. "Blue-Fla^ni^" engine optional on "7 wo-Tinf’ and bet Air models at extra cost. GILES CHEVROLET CO. Inc Phone 26 West Main Street Clinton, S. C.