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Thursday, March 10,1955 THE CLINTON CHRONICLE WHOSE FARM IS THIS? H«r« It our Mystery Farm of tho wook. Whoso It It? Roodors art In sited to gusts tho uaino of tho ownor of tho fans shown horo. Call your guott la at tho offico, bring thorn in. or mall thorn In. Idontlty must bo mado by tho Things Are Definitely On Upbeat In Key Areas Of Nation's Business ownor and ho will rocoiro froo of charge tho original mounted picture from which tho above reproduction was mado. There are no prises offered for tho correct guott. Join tho fun. New York, March 6.—Things were definitely on the upbeat last week in key areas of the nation's business. Here’s where you couid spot the most impressive gains: Consumer spending at retail, four to six per cent higher than a year ago. Automobile production, signifi cantly higher than the week be fore and yust below the all-time peak. ■ Contracts awarded for heavy construction jobs, 58 per cent ahead of the year-ago rate. Aroduotion and refining of crude oil—highest eves* recorded. Brisk demand for unfinished steel indicated a renewal of inven tory building by major steel con sumers. Output of the nation’s k steel mitts hit 90 per cent of ca pacity for th esecond week in a row. Prices of iron ore moved up. With practically aU the import ant business indicators pointing higher, the big question was: How long would it last? Attention focused on two main props—auto output and home building. It was obvious that auto produc tion—roaring along at a rate of nearly .nine million cars a year— would eventually slacken. Harlow H. Curtice, president of General Motors, tipped an earlier forecast and predicted the industry would build and sell 7 Vi million cars in the United States this year. Some called his figures overly optimistic. The home building boom, with its huge paiyroU and its tremen dous consumption of materials, came in for close scrutiny in the March letter of the National City Bank of New York. The bank pointed out that new homes built in the three yeari ended last April—roughly 3,300,- 000—outnumbered new families formed in that period by about 3-2. It also warned that funds available for investment in mort gages are no longer as plentiful as they were a few months back. As of now, said the bank, de mand for housing is being sustain ed by such factors as the desire of, many families for larger homes, and migration of city people to the suburbs—trends which are highly vulnerable to economic change. * bven be.ore the latest surge," H said, "many persons were con cerned about the high rate of housing construction. They won dered how much longer people would continue to buy a million or more homes a year—also about the increased volume of mortgage credit and the easy terms on which most of it was etxendde.” The week also saw renewed pre-occupation with the spending habits of Mr. and Mrs. Consumer. January, the month right after Christmas, is usually a time when consumer spending shows a mark ed decline. And a key yardstick for consumer spending is install ment credit, reflecting the volume of fnerchandise purchased on the cuff. ’ In January this year, the Fed eral Reserve Board reported, in stallment credit showed a "much less than normal'’ decline of only 31 million dollars. The January dip last year was 361 million. At month’s end, total instalment credit was 22Vfc billion dollars. That was only about one per cent below the all-time high of Decem ber, 1954. Ihe stock market punched to new all-time highs last week. And there was welcome news for stockholders from another quar ter: Government economists said cash dividends paid by publicly reporting corporations in January totaled 721 million dollars—a gam of 32 million, or 4 Vs per cent, over the same month last year. Are stock prices too high? G. Keith Funs ton, president of the New York Stock Exchange, told the first congressional investiga tion of Wall Street in 20 years that the 18-month old boom in stock prices reflects a sound economy and a hopeful future for the na tion. He said the possibility of a market break can not be ruled out, but added: "Personally I bought some stocks in January and February, and as soon as I get some more savings I’m going to buy some mor....e. H Briefly over the business scene: The Senate Finance Committee killed Democratic proposals for a $20-a-person cut in income taxes. Boeing Airplane Co. got a 460- mlilion-dollar Air Corce contract for jet-propelled "tanker" planes. They’ll refuel high-flying bombers and fighters. Sobering Corp. in troduced a new drug, meticorton, for use in treatment of artiritis. The Pennsylvania Rail Road be gan hauling loaded truck-trailers aboard flatcars, piggy-back style, between New York and. Chicago. ! Alcoholism Todov By Muds C. Collins. Dixsctor. Fairriaw Alcoholic Rshabiliia- ' Hon Center, Ridgeway. 8. C. HwwiiwwwiniiiiiwiMiwwttMiiwwMwgiiwwiiwinnn WwW ELSE A TFLIOW I HAS to UE-r CrO oe, 1 0^ ALL means hang ON to touR ! CREDIT, I ' ^ ALWAVS SAT? 2% INTEREST PAID ON SAVINGS ACCOUNTS SEMI-ANNUALLY WHEN YOU THINK OF BANKING OF— 1 Meml ||****«*K*« Bank of Clinton Bflembtr Federal Deposit Insurance Corporation wwawMaiiMiswmnHnnTTT Letter To An Alcoholic: Dear Bill— We have talked about key words, including readiness, ad mit, accept, and hitting bottom. In a way, Surrender includes all of these, but it is more. Many an alcoholic thinks that he has surrendered, and stays sober for a few days, weeks, or even months, then begins to drink again because he has not actually surrendered. He has probably been complying. Com. pliance with the demands of so ciety that he stay sober may temporarily satisfy the alcohol ic and will doubtless please all who know him, but it will never enable him to remain sober per manently. Compliance is submission. Sur render is unconditional accept ance. To illustrate the differ ence, suppose a robber with a gun entered your home and threatened you with the gun un less jN>u gave him your money. You would submit because the money was of less value than your life or the lives of your family. But if the gunman be gan to abuse your wife and chil dren you would probably attack because they mean more to you than your life. Compliance is like that. It is a temporary trade whereby the alcoholic, for a time, gives up alcohol in order to escape pressure or punish ment. Unconditional surrender, on the other hand, is a complete, recognition that no matter what happens, rebellion and resistance are useless. The difference between com pliance and surrender explains why many alcoholics sincerely* believe they want to stop drink ing. Compliance is of the con. scious mind. Surrender follows a feeling conviction which per suades the unconscious mind and conscious mind that alcohol is a totally impossible way of life. Then the almoholic can hope to stop drinking. The unconscious may be com pared to a tape recorder, which records all impressions, but lacks when the alcoholic is afraid, or the powers of reason. Therefore, upset, or disappointed or has “bad” feelings and takes a drink and the bad feelings go away, the unconscious mind decides that alcohol is good. When the hangover comes and the bad feeling is worse, the unconscious mind recalls that alcohol de stroyed that bad feeling before and says, "Let’s have another drink and the bad feeling will go away:" There is no relation be tween the drink last night and the bad feeling today insofar as the unconscious mind is concern ed. This may explain in part why the alcoholic who con sciously admits he is an alco holic will take a drink. The only thing that will ef fectively reach the unconscious mind and persuade it that alco hol CAUSES the bad feelings is a religious type feeling convic tion which is associated with un conditional surrender. Gray Funeral Home Clinton > t I I S! i: \! 1)1 UM I MK \i mi:ks ri.onr, ti <in! :•>:> i X MK I I \ M I M U\ ID I i: i i < .i: \ x f t \ K \KKs \l> MK, D Mi: Business Men.Are Asked To Fight Guaranieed Annual Minimum Wage Aim bf Columbia, representing thg attorney general’s office. His de cision, postopned to give attor neys time to search for addition- Washington, March 5— Busi- ressmen are being asked to con tribute to a "hard-hitting” pub lic relations campaign sponsored by the National Association of Manufacturers against the guar anteed annual wage and other labor union aims. Letters soliciting funds for the campaign say business condit ions look good for 1955, “but we will have to fight to make it so.” The guaranteed annual wage is described as a "disturbing threat to 1955 prospects.” “Your past support,” business leaders are told, “has been of great help in creating the im proved economic climate in which we now operate. We must not let it disappear.” An accoimt of the fund-raising letter appears in the current is sue of the railroad union news, paper, Labor. The NAM, que ried about it, made a copy avail able to a reporter. Labor said the letter revealed formation of “a gigantic propaganda fund” to defeat union labor’s chief 1955 goals Signed by Ira Mosher, a Mas sachusetts manufacturer who is a former president of the NAM, and chairman of the United Business Committee' allied with the NAM, the letter says: “Presently the most disturbing threat to 1955 prospects are CIO president Walter Reuther’s an nounced intentions to 1, press for repeal of the Taft-Hartley waiv er which specifically leaves to the states the authority to out law compulsory unionism; and 2, win a guaranteed annual wage for his members.” Mosher said Reuther is raising a 25-million-dollar strike fund in the IO workers union to back up the wage demand. He said his business group can’t match the budget which “the opposition plans for the fight but w©i will make every dollar we do have count.” Contribution cards enclosed with the letters say “the size of of your gift is optional." They suggest that “Many firms are subscribing at the rate of 50 cents per $1,000 of gross annual payrool or $1.50 per emplAyee, including eecutives.” The paper Labor said that with manufacturing payrolls running .about 64 billion dollars a year, if all manufacturers con tributed the suggested amount the total would be as high as 32 million. It said the fund appeal is not limited solely to manufac turers but is directed to all “business leadership.” I — ! Judge Rules Tag Fee jComplaint Was Valid Kmgstree, March 5—Judge J. Frank Eatmon today overruled a demurrer filed by the attorney general representing the State Highway Department in the ”30 cents case,” and in effect ruled that Arthur H Wilder of Sumter, has grounds for complaint against the department The case involves the payment of a 30-cent postal fee charged ! for a while by the Highway De- j partment on automobile licenses issued over the counter in addi- ; tion to the jlrice of the plate 1 itselt The case was instigated by Ar thur H. Wilder, Sumter attorney, who paid the 30-cent fee for a linceipe bought over the counter, , then brought action on his own behalf and on "behalf of all oth ers in like situation.” | Judge Eatmon presided at a hearing in Kingstree January 8, ! attended by Mr. Wilder, his 3 'attorneys and James S Vemer al information, was down this morning. The demurrer was filed on the grounds that the court has no jurisdiction over the defendant or the subject matter of the ac tion, as that action was brought against the state which had not consented to the suit. j In his order today Judge Eat mon stated: "Section 48-50 of the Code of Laws 1952, gave the plaintiff and others in like situa tion the right to collect from the State Highway Department any fees collected by this department not authorized by law. The re payment of such fees or amount is required by the statute eithe* on the intiative of the depart ment or upon application there to.” The filing of a verified complaint, as was done by Mr. Wilder is in effect, the filing of a claim under statute, he said. Judge Eatmon’s order also held: That the demurrer admit ted that the State Highway De partment has received from au tomobile owners purchasing li cense plates over the counter 30 cents for each of the plates; that persons purchasing the plates were required to pay the sum before they could acquire the handW--iitted from the payments. plates; that the 30 cents belongs to the persons who paid the sum under duress; that the State Highway Department has bene- ment has closed collection of the so-called postage fee, and would not impose it again during the proceedings. Judge Eatmon de clared the court would not con- As the court has been notified l sider it necessary at this time to that the State Hgihway Depart-1 issue an injunction. LEGAL NOTICE State of South Carolina. County of Lauroos Notice is hereby given of a special meeting of the stockhold ers of Lydia Cotton Mills to be held at three o’clock, P. M., on the 29th day of March, 1955, at the offices of the Company, at Clinton, South Carolina, for the purpose of considering a resolu tion adopted and proposed by the Board of Directors to increase the capital stock of the corporation up to $1,600,000.00. —P. S. BAILEY, President. D. HAIRSTON, Secretary. 4C-M-24 STEPPING STONES TO HOME OWNERSHIP If you’ve found the home you want and can males the down payment, the next step is to get the right loan. Our mortgage loan p&n is worked out to fit your budget. You repay your loan in monthly payments which may include taxes and insurance. And there's no red tape when you finance your home here! ederal Savings (AND LOAN ASSOCIATION A Clinton Institution Serving Clinton People Since 1909 Telephone No. t New day I New Dodge! New driving discovery! 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