University of South Carolina Libraries
t it Pape Four THE CLINTON CHRONICLE Thorsday^ January 24, 1957 4' (Ultntnn (Hljrnmrl? Established 1900 July 4. 1889 — WELUAM WILSON HARRIS June 13, 1955 Pl T BLISHED EVERY THURSDAY. BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate fPayable iji?',Advance) One Year $3 00 Entered as Second Class Mail Matter at the Post Office at (. .inton, S. C., under Act ol Congress March 3, 1879 * Six Months $2.00 times The Chronicle seeks the cooperation of its subscribers and readers—the publisher will at all os appreciate wise suggestions and kindly advice. The Chronicle will publish letters of general interest when they are not of a defamatory nature Anonymous communications will not be noticed This paper is not responsible for the views or opinions of its correspondents. Member: South Carolina Press Association, National Editorial Association National Advertising Representative: AMERICAN PRESS ASSOCIATION ....a. New York, Chicago, Detroit. Philadelphia & CLINTON, S. C.. THURSDAY, JANUARY 24, 1957 J Little Things Have Their Appeal All of us, we are sure, were impressed with the pomp and pageantry that sur rounded officialdom at the inauguration ceremonies sent out to television Audiences Monday from Washington.—— - U was a wonderful thing for people all over.the country to have, what amounted to . \ w a ringside seat at this quadrennial event tliat saw |i President and Vice-President inducted-as heads of this great nation, at-. femIjR.1 T>y high officials of the courts, leg ist ative and administrative*branches of the government. But we were also impressed Und enjoy ed tremendously two little scenes as they, iame on our television screen. The first was when .President Eisen- hower, at the luncheon immediately after the inaugural ceremony, served his, own plate from a table laden with food and took it to the dining table himself. We fully expected a half dozen aides to come to his assistance at any moment. And we were glad when they didn’t. The other was a rib-tickling scene of a little boy. all bundled up in warm clothes, Vtting on the curb, who almost fell over as -he. went to sleep. An alert television cam eraman with a sense of humor is to be thanked for holding his lense job that pic ture. , . forced, is basically sound and workable and that it should dissolve promptly ‘the cloud of doul|lt and uncertainty which has disrupted U. S. cotton textile markets for almost two years and which has threatened the future of U. S. cotton in the American market. We Believe the plan deserves a firm trial. j - "We have been assured that both the 1 irited States and Japanese governments will keep careful records of performance.’ Mr. Grier and other industry leaders expressed the hope that the plan would lead to a permanent solution to-the serious < ondithm Unit the unrestricted inflow of imports had produced. Several mills were forced to close, blaming Japanese imports entirely for their difficulties. Others put aside expansion plans and held the line to ride out the economic storm. Japanese workers are paid about one- tenth tre amount paid American textile employees, and Japanese mill men can buy American cotton about 25 per cent below j the price paid by U. S. mills. The result.was that the Japanese allj but t/ook over the American market for vel- j veteens and ginghams, and largely disrupt ed the American textile market. MacDonald Awarded Year's Research At British Institutions Charles B. MacDonald, former, ly of Clinton, and presently Chief of Military History, Department of the Army, has been awarded a fesearch and s study fellowship by/the Secretary-of the Army. Mr. MacDonald. 34. is a histor ian and chief of the European section in the office. He will be relieved of his other duties for one year to make a combined theoretical and field study of the interaction of terrain, technology, tactical doctrine upon military operations involving the historic invasion routes of Western Eu rope Research work will be done at the Universities of Ox- gord and Cambridge in England, the’ British Museum, and other such institutions. Thi:? will be followed by field study in France and Germany. Milford Hill Dies In Auto Accident f Milford Hill, 30, of Clinton Rt. 2, was killed shortly after mid night Monday in an automobile accident near Woodruff. He w dead on arrival at a Woodrut hospital, where he was taken af- ejf the accident. Seriously injured in the w’reck was Harold Fortner. 25, of Wood ruff. « He was taken to the Spar-, tanburg General hospital suffer ing with chest, head nad back injuries. The two men, along with four others, were treateid at the Wood ruff hospital and dismissed, were returning from Spartanburg when the 1949 Ford in Which they were riding falied to make a curve and ran down a setep em bankment. The car overturned several times. Treated- at the Woodruff hos pital were Jerry- L. Henson, 22, owner of the car; Marion D. * Mims, 31; his brother, Anthony 32 County Drivers Lose Licenses i m During December Thirty-two Laurens county.per sons lost their drivers licenses cjuring December, the State High way Department has announced. Various traffic law offenses v^re listed as reasons for the revela tions. At the same time, the highway department reported that for the state as a whole 2,070 licenses were withdrawn during Decem ber. From July 1 through Novembei 30, the department reported that 8,768 licenses were revoked. AT COLUMBIA MEET Mrs. Nene D. Workman, mem ber of the Academy street school faculty, attended the State Class room Teachers committee meet ing on Improvement and Instruc tion in Columbia Saturday. The meeting was held in the South Carolina Education Association building and teachers from each county in the state were in at tendance. r Calhoun Life Insurance Company is pleased to announce the piffehase on Jan. .1, 1957 of the INDUSTRIAL INSURANCE BUSINESS of the SUPERIOR LIFE INSURANCE CO. All Superior Life agents are now with Calhoun Life. The same good service on sales and claims will be rendered as in the past. Calhoun Life INSURANCE COMPANY ‘'Inwr* with us • w* invusl with you" HOME OFFICE • COIUMHA.S.C Mr. MacDonald aflended high Mims, 19; and Tony Davenport, T The Skiefc Are Brighter For the Textile Industry Developments of tremendous import- anc,e to the nation's textile industry took shape this week with the signing *of an agreement by United States and Japanese officials to limit Japanese textile imports into this counfry'to',2To"ihillion yards rualh over the next five years. \ | The agreement is being heralded by ; American cotton manufacturers as a rift in 1 the economic clouds that have hung heavily I ever the industry for the past two years. All of us here in this great Piedmont region, and especially here in Clinton and Laurens County, will greet the news with npt.imism. if not elation, in that it serves to lift, at least partially' the fears and doubts that have shrouded textile areas for.quite >ome time.. Industry leaders generally accepted the control plan as workable, if properly en forced. F. E. Grier, of Greenwood, Presi- rVht of the American CottonManufactur- < rs Institute, issued this Statement after-the institute’s board of directors had conferred with Secretary of Commerce Sinclair Weeks and Assistant Secretary of Com- nierce Hdroid < . McClellan at a meeting m Charlotte. N. C.. January 16: "The plan is .the result of a long series of conferences betw.een representatives of the two-governments, and involves an over all limitatidn on shipments to the United States of cotton fabrics, apparel and other manufactured Wins. It provides further lor a breakdown of the exports into'a num ber of categories of fabrics and manufac tured items, to avoid excessive concentra tion on any particular product. Also, the arrangement involves what we consider to lie additional safeguards relating to a five- year duration, continuing supervision and definite precedures to deal with unanticL 1 ated concentrations.” In a newspaper^published in Japan, The Japan Times, editorial opinion* was ex pressed which said the U. 3.-Japanese tex- ’ i 1 e agreement, while not satisfactory to both sides, provided a "reasonably fair’.’ * ' * - 1 > _ * ■ v orking basis for trade between the two countries. The paper said the accord was a compro mise, "but at least uncertainty will be abol- i bed and exporters and importers will -know where they stand. "Although it will not please everybody on both sides of the> Pacific,” the paper safd, the agreement on Japanese cotton tex tile imports into the U. S. "should provide a reasonably fair working basis for trade.” It expressed hope that Japan’s an nouncement of voluntary controls on its cotton textile exports will lead to improve ment in this country’s economic relations with the United States "as a whole.” * Mr. Grier said: "It is our considered opinion that the plan, if adequately en- SENSING THE NEWS By THURMAN SENSING Executive Vice Presided! Southern States Industrial Council »•# •# ee •# «e »e «• »* *e •• ee »«*« «,ee ♦ »"#•'»«*• *"#*'• %'#*'• eeeeee e«*** #•#•»■♦** •♦»••••»•*#* THE BETRAYAL OF THRIFT. The federal Treasury is much concerned be cause people are cashing in more U. S. savings bonds than they are buying. In the last seven months of 1956, they cashed in $1.00 million more of these bonds than they bought. In the month of December alone, they cashed in $29 million more than they bought. ^ - Such a development should not surprise anyone who knows how thrift has been betrayed by the Government of this couhtry for the past quarter century.' What is happening is that our chickens are simply coming home to roost—chickens that have been let out in great quantity’over this whole period of time. It usually takes a good while for people gen erally to realize they are being duped by their government. That would be especially true of the people of the United States, because generally speaking throughout our whole history until re cent years the Government has played fair with the people so far as protecting the value of the dollar -is cbheerned. But once they do find out, there'is nothing that will stop them from taking flight from the dollar—and that, in effect is what they are doing when they cash in their govern ment bonds. There is no question, of course, but that the Government will always pay off in dollars the face amount of the bond when it matures. The ques tion is—what will the dollar be worth at that time’ Ever since our Government disregared all moral principles in 1933 by going off the gold standard and robbing the thrifty of forty per cent of their savings, it has been Inevitable that \fe should hav£ continuoqs inflation until the prin ciples violated at the time were once again recog nized and respected. That has not been done. There- is still nothing tangible back of our dollar except the Government’s promise to pay, and gov ernments being what they are that is not enough, even with our own government. But all the days since 193-3. the. Government has been urging the 1 people and appealing to the people dn the basis of ^patriotism and imploring them in every way they could think of to buy Government bonds—the “safest investment on the face of the earth." We repeat again-r-the investment was .safe all right so Tar as the number of dollars to be receiv- <d at tyond maturity was concerned, but it was in no inanni : safe so far as the value of these dollars was concerned. The Government urged the people to buy the bonds, knowing full well that the total of dollars invested plus the total of dollars in in terest received on the investment at- the time of maturity would by no means be worth as much as the dollars invested at the beginning. Th»' people generally did not realize this how ever, and over the years they have bought ap proximately $50 billion of these bonds Now- they are beginning to cash them in. and if there should develop any sort of “rush” to cash in, the effects or our economy would be most serious. school in Dillon County, S. C 'and majored in history and Eng lish at Presbyterian College, Clin ton, receiving his bachelor of arts degree.in 1942. He was an infantry tinit commander during World War II with the 98,th, 63rd, and 2nd Divisions, and his book, "Company Commander," publish ed in 1947 by the Infantry Jour- nal. Prei* give-: an account of his experiences in this capacity. He has done graduate study at the University of Missouri, Columbia University, and George Washing ton University. Mr. MacDonald lives at 9233 Hatton Point R6ad, Washington 22, D C., with his wife and year- old daughter. Chamber Committee To Meet Monday With National Manager Legislattive and National Af fairs Action Committee members of the Chamber of Commerce and Chamber Manager George Mas: sey will meet with James E Mooney, Jr., of Jacksonville! Fla., Monday to discuss plans for Clinton Chamber leaders’ par- •ticipation in a Congressional Ac tion Conference in Atlanta Feb ruary 18. Mr. Mooney, district manager of the Chamber of Commerce of the United States, Southeastern Division; will confer with Com mittee Chairman Robert Cox and members Tench P. Owens and Tom Addison on the above and details of what the new National legislative programs can mean to Clinton. _ . Following, a * recent visit to Capitol Hill in Washington where Mr. Mooney had the opportunity of’conferring with congressmen on legislative issues vital to busi ness leaders, Mr. Mooney will be in a position to bring first hand information to the local group. The Atlanta conference, sched uled as a one-day affair, Feb. TO at the "Henry Grady hotel, is one of ten to be held throughout the country when a team of National. Chamber leaders will fly to cities throughout the United States to brief local business leaders-and demonstrate the importance of the interest of business leaders in legislation under consideration by the present Congress. Among issues to be discussed at the Atlanta confad are farm legislation, foreign ^d, Taft- Hartley labor act amendments, Hoover -commission recommenda tions, federal intervention in edu cation, taxes, spending by Con gressional appropriations. The tearp of leaders touring the coun try will be headed by National Chamber President John S. ColC- man. 16. All are from Woodruff, Rt. 2. Mr. Hill was pinned under th< car and a wrecker was driven into the gully to lift the wreck age. Mothers March Set for Thursday The Mothers March for the March of Dimes will be held next Thursday evening from 7 30 until 8:30 Each person is asked to leave his porch light burning and the fire whistle will blow for the 1 “kick-off." John L. Mimnaunh Each year thousands of persons are hurt in fidls a* round the home. A few hazards are stairways, waxed floors, scatter rugs, bathtubs, and step ladders. Is it true that a few dollars invested in a Personal Acci dent Policy will cover all such medical and hospital bills? Wm. J. Bailey Ins. Agency .♦I. 5. Bailey & Son Bankers Blar Phone 1246 < , + 1956 again showed... . . ' . llfie/v you save does make a difference.... 4 ...as the. Savings and #joan Way grow Ynore popular j if ? every vear A record reward to the thrifty! More than $900,000,000 in earnings went to the 18 million people who saved in 1956 at insured Savings and Loan Associations. More i^ew savings ... making the total more than $84 billion ... are now entrusted to the nation’s insured Savings and Loan Associations. And each account is insured up to $10,000 by the Federal Savings and Loan Insurance Corporation. More homes financed. 1 out of every 3 home mortgages—70% more home loans than any other type of lending institution—was provided last year by insured Savings and Loan Associations, too. Remember in 1957.. 1 ff/sr/r you save does make a difference.. • Tk. 1 Um f »«»*«■». tat. LAURENS FEDERAL SAVINGS: fe. LOAN ASSOCIATION LAURENS, S. C. WEST MAIN ST. Pearce L. Waddell, Sr., 65, died Wednesday morning, Jan. 16, at Hays hospital after several months of declining health. He vtes a native of Spartanburg county where he spent most of his life.. He was- a son of the late Luther and Mamie Meadows' Waddell: He was a member of Cedar Shoals Baptist church hear Enoree. He was twice married, first to Mrs. Lillie McDaniel Waddell. Surviving from this marriage are two daughtersi Mrs. Marguerite Lawson, of Enoree, and Mrs. Thelma Pace,,of Startex; and one son, Pearce L. Waddell, Jr., of Institutional, commercial and banking invest- Enoree. Pearce L Waddell, Of Cross Anchor, Dies at Local Hospital cTTs were the first ot realize that their dollars w*ould be safer elsewhere than in Government bonds—efue perhaps to the fact that such organi zations have the best investment brains at their service—and they have been exchanging their Government holding^ for equities at a rapid rate. The s^me thing is now happening in the ease of individuals. Where does this leave the Treasury? In or der to make Government bonds attractive to in vestors, the Treasury is now having to pay a high er interest rate than at any time in twenty-five years. But even a higher interest rate is not go ing to solve the problem if people decide that in flation is going to continue and that investment dollars plus interest dollars will still not be worth St maturity what the investment dollars are worth in the beginning. ' Moreover, a higher interest rate adds further /to the troubles of the.Treasury. It is already pay ing out $7.2 billion a year as interest on the na tional debt .and continuous increase of this figure will enventually become more than the taxpayers can bear. The solution: Return to a gold standard—and economy in government that will permit payment of the national debt. His second marriage was to Mrs. Lillie B. Lawson who sur vives, along with six grandchil dren; three brothers, Furman and Floyd Waddell, both of Woodruff; and Jerome Waddell, of Spartan burg; two sisters, Mrs. Niles Rhodes, of Woodruff; and Mrs. Coy Roberson, of Enoree. Funeral services were conduct ed Thursday-at 3:Q0 p. m. at Ce dar Shoals Baptist church by the Rev. Robert Edwards and the Rev. Robert’, Hughes. Burial was in the church cemetery. JUNIOR CHAMBER TO MEET TONIGHT The Clinton Junior Chamber of Commerce will meet tonight (Thursday) at the Presbyterian college dining hall for a dinner meeting at 7:30. ROCKKT T-400 TRY THE GOLDEN ROCKET 88 The red carpet’s out ... so come f a// that’s new with CHds! Accept our invita tion to take the “Scat of Honor" . . . behind the wheel of a brand-new ’57 Oldsmohile. Test Ita Torque at low rpm’s and feel the responsiveness you get from thehig.371-euhic- inrh.displacement Rocket T-400 Engine*. High torque at low rpm’s means excellent performance at economical engine speeds. LOWEST-PRICED ROCKET. ENGINE CAR I . . so come on in! See know there’s nothing like a Rocket Engine f or q U i c k "touch and go" action . . . with a healthy power reserve ready and wailing . .. through every driving range. . Voa, downright fun awaits you her$t And value, too! Because Oldsmobiie's Golden Rocket 88 brings you the hig-car benefits— in ride, in performance, in style and prestige C at * P” 0 * moat any buyer can afford! Tost Ita Safoty reserve of power and you’ll So be our guest ...do it soon! *277-h.p. Rocks* T-400 Engin* riandard on all mod'll, ipothl RockW Engtno, wWi up to 312 ti p., o»o,/ob(. ol ontro corf. t- P : Q JVI Q Bi l l_ E YOU CAN COUNT ON "RID CARPET" TRIATMMT AT YOUR OLD8MOMU QUALITY DIALER’S I , OFFICE SUPPLIES • CHRONICLE PUB. CO. PALMETTO OLDSMOBILE CO. ,! E. CAROLINA AVE. •HT PHONE 88