The Clinton chronicle. (Clinton, S.C.) 1901-current, October 22, 1953, Image 15
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, Thursday, October 22, 1953
* IM — 111 MM—M——————
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NOTICE FOR PAYMENT OF
' 1953 CITY TAXES
Notice is hereby given that Town Taxes for the Town
of Clinton are due and collectible from October 15th to
December 31st for the year 1953. The tax books are now
open at the office of the Town Clerk and Treasurer and
will remain open up to and through December 31.
A penalty of ten (10%) shall be added if said taxes
are not paid on or before January 1, 1954.
The levy for current fiscal year is 53 mills; 15 mills
for current operating expenses, and 38 mills for interest
and sinking funds on various bond issues outstanding.
* W. B. OWENS, City Clerk and Treasurer-
A
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THE CLINTON CHRONICLE
Page Seven
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Bdoa* afCealik ( €omei
Phabmact is recognized as a public health profession in
every civilized nation of the world. Its practice is regulated
by l*w. It has as its primary objective the service which
it can render the public in safeguarding the handling, com*
pounding, and dispensing of medicinal substances. The
conscientious pharmacist holds the health and safety of
his patrons to be of first importance. See us before you
buy medicine, no matter how simple your may
»
seem to be.
Write Your Congressman “NO” on Socialized Medicine
McGee’s Drug Store
Phone No. 1
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8
Savings Accounts
Z%—DIVIDEND—3%
We invite savings accounts from the people of Clintoe
and vicinity. Yon will like our friendly and efficient ser
vice, and you wiU receive your dividend promptly each
January 1st and July 1st. Any amount — from $1 up —
opens an account.
Each account is insured up to $10,000 by the Federal
Savings and Loan Insurance Corporation. Two people may
have up to $30,000 fully insured.
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Accounts by mail promptly acknowledged.
Chartered and Supervised by the
United States Government
* X.
Laurens Federal Savings
& Loan Association
Wofford Head indicts
Modern Education
On Four Counts
supporting ufider scheduled tax rates
as far in the future as anyone could
| reasonably look. t ^ <
i The trust fund was expected to de-
; cline, but so very gradually that it
... i would be almost level for all prac-
Charleston, Oet. 19-Modem edu-, tical s
cation, with its social promotions, ^ j . ,
failure to recognize inherent dif- ] J* the , to increase
ferences in ability and character as previously scheduled, its income
and ignoring of moral and religious j’f rom interest payments of course also
values, was indicted by Dr. Francis, would fall behind, thus starting a
Pendelton Gaines, president of *°rt of downward spiral.
Wofford college today. He ad-j (Last year, assuming high employ-
dressed the Charleston Lions club, ment and intermediate or average
Speaking on the general topic of | costs, it was estimated the trust fund
“Certain Dangerous Tendencies in would hit a peak of 107 billion in
Education,” he said that education 1990 and drop to only 106 billion by
must succeed in America, where 1 2000.
everyone has a share in govern-j ^ new „ udi ^ hwMVer , tigure
ment ‘ _ 'the trust fund under these same as-
He listed four counts on which sumptions will reach a peak of 65
Modem education is falling down. |billion i n 1990, drop to 56 billion by
First of these, he said, is a fail-12000, and be exhausted in 2023 By
ure to insist on certain basic forms 2025, benefit payments would ex-
of discipline. He charged that edu-j cee( j income by six billion dollars a
cators are trying to say that educa-1 year
tion wiU come as a result of uncon-j The nt tax is 3
trolled seleotion. Because of this, he lpayrolIs under emp , oyment covered
said that students are electing to dy the 3 y stem—up to a salary of S3,-
600 a year. Workers pay half, and
employers half. The total tax is due
bia college. Chairman of high school
j section—Miss Elizabeth Otts of
'Spartanburg high. Dr. W. D. Nixon
of University of South Carolina* will
be luncheon speaker. Dr. Nixon will
discuss with the deans and counsel-
1 ors methods of serving youth.
1 Miss Bernice Johnson, member of
the Clinton high school faculty, is
president of the association.
The association is open to all
counselors and deans of girls in all
high schools and colleges of the state
Reservations for the luncheon may
be made with Miss Ethel Hembree.
504 East ..River street. Anderson,
Membership dues $1.00; Registra
tion fee $1.00; Luncheon $1.50.
study all sorts of impractical sub
jects. Thus, he said, a large num
ber of GIs in the last two conflicts . . . ,
had as their sole literature comici 0 “ 4 next •' an -
hooks and detective stories. 75 l ? r „? ent m 1980 ’ 6 P er 111 196a,
and 6»* per cent in 1970 and there
after.
This is the schedule that might
have to be riased if present bene
fits—ranging up to $127.50 monthly
for a retired worker and his wife—
are to be maintained.
The new figures undoubtedly will
get attention from the Eisenhower
administration and from a special
House ways and means subcommit
tee, both considering broad changes
in the system.
books and detective stories.
His second count was the prac
tice of giving something for noth
ing. Replying to the argument of
the good that is done for the poor
student by so-called social promo
tion in school, he asked what this
does to the good student who sees
that all his ability and effort brings
him no greater reward than is giv
en the poor student.
He told of one school from
which 32 students graduated and
each received a prize, even if it
was merely for giving promise of
winning next time if he didn’t win
then.
Speaking of the less brilliant stu
dent, Doctor Gaines said that “The
sooner he knows he is not so smart
as his brother, the better for him.”
He said that this something for
nothing education, translated be
yond school, results in an attitude
that the government owes every
body a job.
Failure to recognize inherent dif
ferences were listed by Doctor
Gaines as a third count. '‘That each
person should be developed to his
utmost ability” is an obligation of
society, he said. Failure to recog
nize these fundamental differences
has resulted in a decadence in
American leadership.
“We’ve watered down our Ameri
can education to take care of every
mother’s child and thus have cheap
ened our educational system,” he
said.
Ignoring of the religious ..and.
spiritual values was his fourth
count.
“We are a nation of religious il
literates as a result of a miscon
ception of a clause of our constitu
tion,” he said, adding that educa
tors should agree on a common con
cept of moral and spiritual values
regardless of religious denomina
tion.
Association Girls Deans
To Meet In Columbia
The annual meeting of the South
Carolina Association of Deans of
Girls will be October 31, ait Colum
bia college, l^olumibia, with registra
tion beginning at 1130.
The program will begin at 12 noon
with sectional meetings for trans
action of business and informal dis
cussion. Chairman of college sec
tion—Mrs. T. W. Munnerlyn, Colum-
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LAURENS’ LARGEST SAVINGS INSTITUTION
f
104 West Main Street Laurens, S. C.
Soy "I Sow It In The Chronicle" — Thonk You!
Social Security
Legislation Probably
Have To Be Revised
Here is the updated picture, as es
timated by Robert J. Myers and Eu-
gent A. Rasor, chief actuaries for
the Social Security Administration:
Under present law, costs will run
almost a billion dollars or more per
year higher than previously expect
ed, starting in a few years and run
ning on past the year 2000.
This would put a drain on the
vast social security reserve fund.
Under present tax and benefit
schedules, and under average or most
plausible conditions, the fund would
fall far short of the previously ex
pected peak of more than 100 bil-
j lion dollars.
| Then it would drop off much more
j rapidly than expected until it is
wiped out somewhere between 1995
and 2023. At that point, costs of the
program would be exceededing in
income by from three to six billion
dollars annually.
Possible Changes
Congress, however, might step in
and change the picture before the
program reached that point if it i
wanted to retain the concept of a
big trust oh reserve fund. Or could
let the fund die out and shift to a
pay-as-you-go basis, levying taxes
each year to pay for each year’s
benefits.
Myers cautioned, in an interview
that all the estimates are based on
many unknown variables, such as
economic conditions and the rate of
births and deaths far into the future.
The current figures, he noted, are no
more final than the earlier ones.’
From the outset, he added, it was
contemplated that Congress might J
have to adj-ust tax-benefit schedules
in the light of more experience.
His new duties were completed I
last summer, but were not generally!
released. He said they suggested
significant changes in the picturej
and problems which—if the~S5tI-T
mates are right—Congress eventual- '
ly would have to wrestle with, but j
not necessarily any time soon.
The original idea, when the pro-
gram was begun in 1935, was that
special social security taxes would
far exceed bnefit payments for,
man yyears to come, with the sur
plus piling up into a huge trust fund
or reserve. This fund already has
climtoed to about 18billion dollars.
Later, as more people reached re
tirement age, costs were expected to
exceed tax income. But interest from
the trust fund was expected to bridge
that gap, and keep the program self-
TROYLINGS
Styled by Seymour Troy
MAY
cobra
medium
Calabash Calf
Bow with gold tips
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MILTON’S
East Side Public Square
Laurens’ Most Modern Shoe Store”
Telephone 803
Laurens, S. C.