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ft '"Vf €' TKurida>\ January 7 T 19.it V ' / ■ " THE CLINTON CHRONICLE ■i ’ • j ' Page Seven Highway Legislation To Center Around Greater Driving Safety Columbia, Jan. 4.—Greater driving safety again will be the principal concern of the General Assembly in highway legislation that now looms for the new session opening here January 12.. Safety legislation was in demand during last year’ ssession wlhen there was a profusion of bills to reduce speed limits, increase penalties^ for reckless and drunk driving, put, a premium on the safe driving of school buses, and so on. ^ * Legislation to emphasize school driving rating point system may pome in for some legislative discus sion: But it seems unlikely at the moment that the legislature wdW in terfere—the system hardly has had much of a test yet. This system is one in which every driver is allowed 10 demerits. Specie fied . numbers of demerit points are set up for varius hazardous traffic President's Radio Talk To Nation Is Milestone (By JAMES MARLOW) Washington.—In his talk to the nation last Monday Pres. Eisen hower stepped across the line di viding his first and second years in office and two periods in his life. By the calendar his first year doesn’t end until Jan. 20. But his second year actually began last night with his broadcast report being called names in turn. And he still \frore the armor of hjs im mense popularity. It’s possible - he can pursue that/hfOugh as policy through the four years of enemies, and have to endure no per- his administration, get his program sonal attacks. But it isn’t likelj violations. When 10 demerits havej w jjj c h is preliminary to the return been accumulated, the driver must j ^ Congress Wednesday. appear before a ^Highway Depart ment examiner for a conference be fore being allowed to retain his li- bus driving safety passes easily but the other measures s]till rest in com-! certse - ir.itjees. _ j :— • One that failed to make any head- QanCraI Assembly way may be revived, or introduced _ . — s* J anew. It is a bill to require four-year EXpCCted I 0 VsGt re-examination of a" drivers, prob-;L 0C0 | OpHoit Bill ably on their birth dates, so as to' r stagger examination' Columbia—Legislation Possibly one-half the state’s li- i ir . rtTVlo , , . . , , : liquor sales may come censed drivers never have taken a, , . ,. . , , test., Tfffta weren’t required until thei during the 1954 session of the Gen '»for his program. . * ■ ‘ • Allan Nevins, a historian, in for legal up agaih For Eisenhower, 1953 was a pe-l riod of preparation. The public, regarding him with high esteem k and .patient expectation, waited] while he postponed action on some major issues and got ready thei program he would hand Congress; in 1954. Now the period of performance begins. • ~ Because of the wide differences in Congress on almost any major] issue, Eisefthower will have to fight middle 1930s. The Highway Depart ment feels tKht older drivers r should be re-examined periodically anyway, to catch failing eyesight, slowed re flexes, and other upper-age bracket danger signals. ,, ^ i A new piece of Highway' Depart ment - sponsored legislation may make an appearance, a measure also designed to increase road safety. It would be. an enabling act to allow the department to build access roads paralleling main, heavily-traveled highways in crowded acreas. Such roads are used in New York and sev eral other congested traffic area states, but would be new here. The purpose is to keep hazardous entering traffic off the necks of moving through traffic. A possible revival may come for a department-sponsored bill that died two years ago: This would re- qire special, tough tests for chauf feur’s licenses, and possibly raise the age for such licenses. The present age is 14. By chauffeurs’ licenses, the department means those for taxi, truck and other commercial vehicle drivers. •> - *. ‘ There may be an effort on the part of some legislators to get the earliest driving age increasde fr&n 14 to 16. The department is not concerned about this, it says, because it finds bad driving occurs more in the 18-25 age group. Various parents’ organ izations are interested on both sides of the question — many 14 and 15 year old children do yeoman service as family taxi men, especially on to and from school trips. eral Assembly which opens a week from today. Executive Director Howard Mc Clain of the Christian Action Coun cil has said a new local option bill will be introduced and that an all- out effort will 4* made to get: it passed. . i . • The council is a voluntary asso ciation of churchgoers and others interested in prohibition. It is the inheritor of the old State Federa- tion for. Law Enforcement and Temperance. One local option bill is in the hands of the House Ways and Means committee, where it has rested since it was introduced early laid year. Just who will author the new bill, and whether it will be material ly different from the usual ones of recent years, McClain declines to disclose. • 'i- Poper Co. Officials Locating In City The West Virginia Pulp and Pa per company of Charleston, ope rates a pulpwood shipping station between here and Laurens on the C. N. Sc L. Railway road, from where heavy shipments are made daily. J. C. Nicholson, district superin tendent of the Piedmont area, plans to move to Clinton, he states. D. D. Mills also with the company has al ready moved here where it is plan- The Highway Department’s new ned to Establish a district office. a recent apparisal of the adminis tration in ‘‘Nation’s Business,” a magazine published by the United || States Chamber of Commerce, made this remark: “Every true national leader has to take for his motto: ‘I do not want to be liked; I want to be esteem ed’. Our best administrations have been.-deseperately unpopular m wide circles.” He used the adnunistration of Lincoln) Cleveland, Wilson and the two Roosevelts as examples, and added: / “If Pres. Eisenhower thus far has shown a salient weakness, it is that he wishes too much to be liked In the long nm, the mass of the people admire a president most for the enemies he has made.” This observation may be accur ate within bounds, but a course of action by which a president makes enemies of the mass of the people is guaranteed to make dead ducks of him and his administration. The same state of political ex tinction could be arrived at by a president through exactly opposite means: by being so anxious to please everyone that he made com promises that pleased no one. So far Eisenhower seems to have made few, if any, enemies. But the truth of Nevins’ opinion—that Eisenhower wants too much to be liked—will get more of a test in 1954 than in the year just ended. He kicked a few shins with rub ber-toed shoes designed to cause a minimum of pain and anger. In calling no names, he took out in : surance deliberately or not, against We Are Continuing Our HALF-PRICE SALE - * * • - •** ' • . • _ . s . on Ladies’ and Children’s ' . ' . Suede Shoes Ladies’ Fall Leather Dress and Casual Shoes Reduced! L - * > Reg. 12.95 to 15.95 9.99 Reg. 11.95 . -. 1. 8.99 Reg. 10.95 7.99 Reg. 8.95 to 9.95 6.99 Reg. 7.95 5.99 Reg. 6.95 4.99 ' ' s ' 'h ' - * * « * 4- \ ^ % Practically all styles but not all sizes i? ' ... ALL SALES FINAL . .. „ t ^ — ' _• ■ ■ ■-— , ... ” MILTON’S Laurens’ Most Modem Shoe Store 8 i: K WW f A- , R ♦ * a* i r j >2 r ANNUAL STATEMENT ' t LAURENS FEDERAL SAVINGS AND LOAN ASSOCIATION December 31, 1953 ASSETS •' LIABILITIES ‘ First Mortgage Loans 062,999.18 Savings Accounts .J. $3,826,188.75 Loans on Savings Accounts 27,914.18 Advances, Federal Home Loan Other Loans, FHA Title 1 .. ....... 109,369.78 Properties Sold on Contract 13,930.33 Stock in Federal Home Loan Bank 80,000.00 U. S. Government Bonds 50,000.00 Cash on Hand and in Banks 135,696.25 Improvements to Leased Property, Furniture, Fixtues, and Equipment (Less Depreciation) Other Assets ...r... ..—- v Bank 435,000.00 Loans in Process 44,703.35 Other Liabilities 11,931.66 I' • Specific Reserves 4,6,096.81 General Reserves ......j.. k 175,357.02 29,119.32 248.55 Total Assets .. $4,509,277.59 Total Liabilities ..... $14,509,277.59 During 1953 the Association paid dividends amounting to $102,201.54 at the rate of 3% per annum .to all holders of Investment and Savings Accounts. GROWTH IN RESOURCES June $0,1948 S 197,498,45 December 31,1948 $ 504,984.49 December 31,1949 $1,167,948.44 Decanbeir 31,1950 .. $1,907,055.67 December 31,1951 $2,619,818.41 December. 31, 1952 .... $3,648^91.45 December 31,1953 $4,509,277.59 - «. * * j, Savings lusured up to $10,000 by the Federal Savings and Loan Insurance Corporation Highlights for 1953 The Association was organized in 1948 and, is now in its fifth year in business. m: — Growth # * ' In the past year, Laurens Federal shows a gain in resources of $860,686.14, an increase of over one-n>urth. »> M- & % Home Mortgage Lending J During 1953 the Association made to homl seekers 354 mortgage loans for a total amoi|pt of $1,363,590.65. In addition, 112 loans, par tially insured by the F. H. A., in the amount of $71,836.32, were made for the repair and im provement of existing homes. „• / . • ■ . New Savings . As of December 31, 1953, Laurens Federal held savings of over 2230 people, amounting to $3,826,188.75. During the year of 1953 the Association had a net gain of 274 savings ac- ♦* * ' ' * couhts and a net gain in savings of $672,427.- 99. Dividends and Reserves u V Since its organization, Laurens Federal has consistently paid dividends at the rate of 3 per • » , , "* - * ■ • . . cent per annum. Dividends for the year 1953 ambuntd to $102,201.54. The sum of $29,306.93 was allocated to the. Associations Reserves, giving added stability . 1 O' „ , ‘ * • to future operations. For the protection of those holding savings accounts, each account is insured up to $10,000.00 by the Federal Sav ings and Loan Insurance Corporation. v:" \ ' •. * \ ‘ A , : i ■ • *<