The Clinton chronicle. (Clinton, S.C.) 1901-current, July 28, 1955, Image 4
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THE CUNTON CHRONICLE
Thonrfiy, Jaly 28, IW8
3^ (Slinton (Cljrmiirlr
EiUblbhed 1H9
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March 3, 187«
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CLINTON, S. C., THl’RSDAY, JULY 2$, 1955
In 50 Years
Under the sponsorship of the Twentieth
Century Fund, Dr. J. Frederic Dewhurst and
a group of associates have produced a monu
mental work entitled “America’s Needs and
Resources: A New Survey.” In discussing the
advancement of the last 50 years this point
is made: “No period of comparable length in
human history has brought such great chang
es in the variety, quality and quaintity of
goods and services available for consump
tion. In many ways those of us now passing
middle age have within our lifetime expe
rienced a greater advance in our material
standard of living and a more pervasive
change in our way of life than occurred in all
the previous centuries of Western history.”
lUcan be added that the most revolutionary
progress, by far, has been made under what
we know as the free enterprise system, op
erating all the way from the production of
raw materials to the retail stores and other
agencies which reach the ultimate consumer.
More Mouths To Feed
Our "bumper baby crops” continue. Some
4,000,000 new American citizens are coming
into the world each year.
F'rom a business point of view, this means
that the potential market for all manner of
goods and services is increasing at A tremen
dous rate. It is one of the reasons why most
forecasters are convinced that the American
economy, far from being mature, will keep
on expanding—and keep on bringing better
living standards to the masses of people.
At the same time, certain inescapable
problems are involved. In addition to the
bumper baby crops, our senior Citizens are
living longer and the indications are that the
U. S. population will touch 215,000,000 in 20
years—a jump of about 50,000,000 over the
present figure. Producers in all fields have a
real job ahead to compensate for that. Meat I
is a good example, inasmuch as it is a basic
item in the eating habits of almost everyone.
Our per capita consumption is now running
around 154 pounds a year. If that rate is to
l>e maintained, it is estimated that produc
tion will have to be increased by as much as
15 per cent in the next 15 years and 30 per
cent in the next 20. The livestock and meat
industry is thus faced with a task of the first
magnitude.
Luckily, past experience indicates that this
industry will find ways and means of doing
whatever is needed to meet the demands of
the public. It is a significant fact that we’ve
never had a meat shortage in this country—
except when government controls discourag
ed producers on the one hand and boomed
black markets on the other.
The tremendous growth of industry in the |
South in recent years and the relatively new S
development of cattle raising in this region
fits right in with this picture of the national
scene.
A feature of the industrial development is
its diversity. So much has been said and
printed alx>ut the textile industry moving to
the South that many overlook the fact that
not only have textile interests expanded and
established new plants in our area, but also
hundreds of other industrial plants of every
description have planted their roots here and
will enlarge their holdings in the’years to
come.
If—and it is a big if—the proper indus
trial “climate” can be maintained in the
South, this region can reap tremendous re
wards in supplying the needs of the fast
growing national economy. By “climate” we
mean the treatment industry receives at the
hands of the people of the South—including
the various state governments.
Source Of Pride
The New York Stock Exchange is seeking
to broaden share ownership among the peo
ple of this country. Its theme is “Own Your
Share of American Business.” In this con
nection, it suggests that stocks should not be
bought until the investor has established an
emergency fund in the form of a savings ac
count or government bonds, and purchased
an adequate amount of life insurance.
Why is it desirable that many million
Americans of moderate means put a part of
their savings iilt* stocks ? There are two rea
sons, both compelling.
It is estimated that more than 11,000,000
people will join the civilian labor force in the
next 10 years. The creation of a single job in
industry requires an average investment of
some $13,700. By 1965, the annual level of
business spending for plant and equipment
should reach $60,000,000,000—almost 60 per
cent above the 1964 figure. To soundly handle
this growth, it is estimated that new com
mon stock financing will have to be increased
to $5,000,000,000 or $6,000,000,000 a year-
three or four fold the present rate. Wealthy
families and financial institutions simply
can’t supply that much investment—the mon
ey just isn’t there. It can only be obtained
from the resources of the many, not the few.
The second reason was expressed by the
Stock Exchange’s president in these words:
“Wide shareownership will reinforce, more
than any single factor I can think of, our free
and enterprising business system. The per
son who owns a share in a business has a di
rect and continuing interest in the success
of that business. From that base it is a sim
ple step to work toward preserving and
strengthening the system which guarantees
his right to ownership. To me it is a source
of continuing pride tfiat any man or woman
in the United States has the right to buy
one share or a hundred in one of our great
corporations, to raise a voice in the manage
ment of the business, to accept the risks and
earn the rewards that go with ownership.”
And that is the most important reason by far.
Small Dark Cloud
Nation’s Business observes that “the local
income tax is a small dark cloud looming
larger on the local tax horizon.” More than
400 American communities with a total pop
ulation of 7,500,000 are levying a tax of some
kind on income. Collections run ..over $100,-
000,000 a year.
This is simply another example of overlap
ping taxation—and of the fact that the public
should give far more attention to local finan
cial problems than is generally the case. State
and local tax collections are climbing omi
nously. This year state after state increased
existing taxes and passed new ones. In some
areas that w r ill offset, or nearly so, the much-
publicized income tax reductions made by the
1954 Congress.
Co-Op Foir
(Continued from Page 1)
Carolina Electric Co-Op” in the
statewide contest, with all ex
penses paid. Similarly, the win
ner of the talent contest will
compete for the state talent title
in Columbia this fall when the
winner will receive a $100 sav
ings bond. •
Contestants in the beauty con
test are Misses Mary Lou Sims,
Rt. 2, Fountain Inn; Faye Aber
crombie, Rt. 3, Honea Path; Judy
Bauknight, Rt 1, Clinton; An
gela Watts, Rt. 1, Mountville; Re
becca Finley, Mountville; Jackie
Trail, Rt. 1, Roebuck; Margie
Compton, Rt. 2, Enoree; Faye
Watson. Woodruff; Linda Buch
anan, Joanna; Elizabeth Reeves,
Rt. 3, Woodruff; Mary Joe Har
rison, Roebuck; Mary Jane
Smith, Rt. 5, Greer; Tommy Lue
Goodwin; Rt. 2, Fountain Inn;
Janette Madden, Rt. 1. Waterloo;
Mary Sloan, Rt. 1, Fountain Inn;
and Amelia Bolt, Rt. 2, Gray
Court.
The contestants in the amateur
contest are as follows: The Jones
Trio, vocal, Rt. 1, Simpsonville;
Jackie Griffen, Laurens, dancing;
Bennie Ridgeway, Ware Shoals,
skit; Valerie Simmons, Joanna,
ballet; Janet Sloan, Clinton, ba
ton twirling; Jackie Burgess,
Wattsville, vocal; Betty Ann
Bolt, Laurens, vocal; Dianne
Nickles, Waterloo, dancing; Ger
aldine Ridge, Barbara Ridge,
Betty Jane O’Dell, Hazel Cul
bertson, Hickory Tavern, vocal,
accompanied by Lory Garrett;
Linda Taylor, Jackie Burgess and
Ann Barnes, Laurens, vocal;
Carolyn Morgan, Spartanburg,
acrobatics; Judy Riddle, Watts
ville, vocal; Wendall Patterson,
Wattsville, vocal.
The tractor driving contest,
open to boys and girls, will be
conducted at 2:00 p. m., Friday,
in the open near the tent under
the supervision of C. B. Cannon,
county agent, and John Wise, as
sistant agent. The winners, in
addition to the local prizes, will
cmopete in the statewide contest
for a $100 savings bond.
Topping the list of professional
entertainers on the stage in the
tent will be two nationally fam
ous acts that have apperaed on
television many times. “The Or
tons” will thrill and chill young
and old alike with their daring
and skill in the art of throwing
knives. John LaMotte, versatile
artist and master of the Ham
mond organ, will provide enter
tainment for the whole family
with his “faces” and renditions.
Co-Op President W. M. Gresh
am, Rt. 2, Greenville, says the
Electric Fair is a public service
of the locally owned and locally
controlled Laurens Electric Co
operative, Inc. He points out
that the annual meeting, to be
held during the fair is one of the
most improtant meetings of the
year for farmers. “It is at this
meeting the 7,000 farmer-mem
bers of the Co-Op elect their di
rectors and set the policies of the
cooperative,” he said.
Retiring directors who have
been nominated for re-election
are W. M. Gresham, Rt. 2, Green
ville; M. B. Cochrane, Rt. 2, Gray
Court; L. F. Davis, Rt. 3, Clin
ton; and A. H. Hatchett, Rt. 2,
Roebuck.
- ■■ ■!■ —— ,
New Gas Customers
(Continued from Page 1)
the subject of gas. Speaking about
the safety factor, he said that gas
is the safest of all fuels, judging
strictly from the viewpoint of fire
causes, and that natural gas is
non-toxic.
As for fear of explosion or fire
from gas, the rate is much lower
than other major causes of fires.
The engineer, who is associated
with Barnard and Burk, of Baton
Rouge, La., said that a survey con
ducted in Philadelphia bore out
his opinion.
“Even the home offices of major
oil companies are heated by gas,
not by fuel oil,” Mr. Edwards told
his listeners. Then, turning to
comparison of figures, he said that
in terms of consumption, 10 gal
lons of fuel oil is equivalent to
1,000 cubic feet of gas. In a six or
seven room house, where 100,000
cubic feet of gas would be con
sumed over a period of one year,
for heating only, the bill would
run about $104. A total of 718.57
gallons of fuel oil would be re
quired under similar conditions, at
a higher cost.
Mr. Edwards made further e-
marks about costs, safety of gas,
and lower costs of gas appliances.
Guests of the authority, in ad
dition to Mr. Edwards and dealers
from Newberry and Clinton, were
Jim Raines, of Columbia; Roger
Simmons, of Newberry, and Wal
ter Hamm, of Prosperity.
Mr. Wiseman announced that
another supper meeting would be
held at an early date, either in
Community Hall here in Newberry
or at,Clinton.
IT YOU DONT READ
THE CHRONICLE
YOU DONT GET THE NEWS
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For Outdoor Living
at its
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IOTTIED UNDER AUTNORITV Of THE COCA-COLA COMPANY
GREENWOOD COCA-COLA BOTTLING CO.
h • Hod. mo,k © 1*54, THE COCA COtA COMP AMY
BABSON . . .
Declares Crime and Acci
dents Are Decreasing
By ROGERBABSON*^ rrrrrr " JJ
Babson Park, Mass., July 28—It is too bad that
the newspapers and broadcasters feel obliged to
present so much bad news—about crime, foreign
complications, and even auto accidents. Every
impartial statistician must be an optimist, to fer
ret out the facts.
Always Consider Our Population Growth
It is true that these three unfortunate things
are on the increase, and churches and schools are
getting the blame for it. But when crime and ac
cidents are reduced to a per capita basis, the fig-
urse are not so bad. Our population is growing so
fast that in reality there has been a decrease in
crime and accidents when adjust
ed >o the population growth.
Just think, since Hoover was
in the White House the net
population of the United States
has increased over 40,000,000.
This is almost equivalent to the
entire population-of Great Brit
ain. In other words, if, say, the
total population of Great Brit
ain had been dumped into the
W. nHn United States in the last 25
years, would we not expect to
have even more crime and trouble than we have
today?
Automobile Nuisance
I admit that parking problems are terrible. Un
less our city fathers remedy these very soon, our
merchants will suffer. When their sales decrease,
manufacturers cannot sell as many goods and un
employment increases. But — considering the
number of automobiles, it is remarkable that we
can find any place to park our cars.
Yet, should we blame the automobiles or the
ignorance and short-sightedness of our municipal
governments? What would any city do today
without the automobile business? Close up the
dealers, garages, gas stations, and repair shops,
and what would we have left? A few black
smiths would be shoeing horses and there would
be dealers in hay and oats—but the life of our
cities would be gone. However, we should have
both the auto industry and sufficient free parking.
i Bounties of Nature
.We not only have wonderful crops; but we
have a billion bushels of grain in storage. In
addition we have tons of eggs, butter, and other
products in storage. No country in the world
begins to have our blessings. This applies even
to the wealth of the sea and the trees of the for
ests. Each week as I read a large Sunday paper
1 regret the acres of splendid woodland which
were destroyed to give me the newspaper. Yet I
am assured that the new growth exceeds the de-
struciton.
When I learn of the great rivers which have
not yet been harnessed, of the supplies of coal and
oil which will last for centuries, and of other God-
given natural resources, I am both humble and
thankful. And we are just now learning about
the power of uranium which may be found any
where and a pound of which may do the work of
2 1-2 million pounds of coal. It seeps wicked for
any of us to complain about anything. We per
haps are wasting precious time bothering to look
at stock market quotations or concerning our
selves about investigations. Speaking of “time,”
this is the only thing of which there is no surplus.
Our TIME is the one thing which we cannot re
place when it is wasted.
Freedom From War
Of all our blessings, perhaps the greatest is
our freedom from war—and the possibility that
World Wars may be at an end. Upon the highest
military authority, I forecast that the hydrogen
bomb may be a.blessing in disguise. At any rate,
we know that the draft calls are being reduced,
and the orders tor much militay equipment are
being cancelled.
Most Modem, Shortest Stroke m
in any leading truck!
Bore 3.75
Overtquar* design—ttroka is smaller than bore)
Here's the measure r* ~
fruly modern V8 er.gi.u
—Chevrolet’s advanced
oversquare design. It
means less friction •..
greater efficiency. • •
longer engine life!
Here are more dollar-saving reasons why new
Chevrolet trucks offer you the most modern
V8V your money can buy!
I
power is available for hauling.
MOOntM 12-VOiT ELI CTIt 1C A L SYSTEM
Double the punch for quicker start
ing and more efficient ignition for
finer performance.
OAS-SAVMO HIGH-COMPRESSION RATIO
With a high 7.5 to 1 compression
ratio, Chevrolet’s new V8 truck en
gines squeeze extra power—and work
—out of gas.
EXTRA-HIGH POWER PER POUND
Since these V8’s deliver high power
per pound of engine weight, more
Year after year... America’s best telling trucks
for
ADVANCED AIRCRAFT-TYPE VALVES 1
Valve action is more positive
finer, smoother performance.
. FLOATING ON. INTAKE . . . FULL-
PRESSURE LUBRICATION
Oil intake selects the cleanest oil
for positive, full-pressure engine
lubrication.
standard in the new L.CF. models, an
extra-cost option in all olhert except
Forward-Control models.
GILES CHEVROLET CO.
West Main Street — Phone 26