The Clinton chronicle. (Clinton, S.C.) 1901-current, June 05, 1958, Image 10
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THE CLINTON CHRONICLE
TW*fe>. J«w L 19M
Ka«rr W.
B ARSON
. SAYS
""
B.iKmki Park. U.%%% . Junr S-l
am < that intonurtMoal dr
and lh«> thrral of W«Hd
War III Mill ha\r a orrot influmrr
on out .momy dunnn (hr nrxl
low \ Evrnla uccurnnii abroad
«ill \h- mcrv.iMnfdy important fac
tor.' m drtfrminmit businosv rco-
iionm. ami mxtvtmcm ln*nds here
in the I’nitod States
I IKH.IHOOO OK WORLD WAR 3
I do not e\|Htt a ‘‘World War III”
in the near future But the threat of
4X Hour War” between Russia
anti the United States is very real.
\ Korean type «ar could also come
a; any time So explosive are inter
national conditions that a 48-Hour
W ar between Russia and the U. S..
if it comes, would most likely start
from accident or
unauth o r t r e d
shooting. Under
such circumstan
ces. i( is folly not
to be welt prepar-.
id for any fight
ing that may oc
cur and for the
atom i c ‘ fallout”
that woulfl ac-
Boftr W. B«bt«a e o m pan V It. I
pridict that a “48-Hour War” with
Russia would be fought from atomic
submarines and airplanes If we are
to survive it. we must be eco-
noiniralh as well as militarily
stroni.
Tli* raid mat raflM
md»4mi>H> Ute fMamMMN* M arw
nuclear mmmpmm make a negatiated
peace 4 * or “arms limitation
probably impractiraMe Of course.
«e could make aa agreement with
Rtmta on existing weapons But
could wr hr sure the Soviets would
j respect such a pactAnd how could
we fon-stall new nuclear develop
ment in and hy other nations'* I do
not heliexe either Russia or the
Uniti'd States will abandon such
research and development work
WHAT \RK TIIK Al.TKRNA
TIVES Ttl A 181101 R WAR?
Some observers contend that the
present stalemate will resolve itself
by Russia becoming more conscr-
va’ive and the'l S and Great
Britain becoming more socialistic.
Logically, such a course would re
sult in these three nations fed
erating It all sounds fantistic to
me If it ever comes, 1 forecast
that such a “federation” is far in
the future.
Another alternative to war would
be the emergence in Russia of a less
ruthless, though probably still left
tst. form of government. In my
opinion, there is no immediate hope
of this happening. Still a further al
ternative to war would be. the ap
pearance of a strong coalition of
nations other than Russia and the
l s as a third formidable world
force Nasser s federation of Arab
states-is not nearly big enough for
such a task, but it is possible Bri
tain. France, and West Germany
together might eventually exert a
new eomipanding influence.
i
Re-Elect
Paul S.
O' Deli
As
County
Commissioner
EXPERIENCED - HONEST
EFFICIENT
prtioo or im tRTAivn
mu PKRMPT
None «f the aRematieaw to World
Wor III or o 0> H«mr Roooio l S
War. or to o ctmllowed 'c«M war."
are hkriy to happen mop. So we
mu»i be. prepared to Makr the brat
of what will be a more or le>» pro
longed penod of uncertainty in in
tcmational affairs At home. I pre
diet we shall endure more inflation,
with the value of the dollar trend
mg steadily, though oot rapidly,
downward 25 cents.
ih the light of thesi* conditions.
I favor wide diversification in
stock market investments at this
time.. Certain retail chain stone se
curities look good to me due to geo
graphical distribution, but I would
.hold only two or three of the big
transcontinental railroads R a i I-
roads generally are faring poorly
and will probably do worse except,
i of course, if war* comes. 1 expect
doubling of electric power output in
coming years. But I would not care
to invest heavily in public utilities
stocks because they could suffer
from inflation and or war.
BOM) OUTLOOK LESS
FAVORABLE
Since the underlying trend is to
ward more inflation. I do not favor
long term investments in bonds gen
erally This does not necessarily
apply to those U. S. bonds which the
I government w ill accept at par
value for payment of estate taxes
Of course. I do not mean bonds
would not pay off—but it would be
in depreciated currency.
1 repeat, the best investmient
policy today is a wide diversifica
tion in common stocks. Some land
holdings in America’s ‘‘Magic Cir
cle” and a reasonable cash reserve
are also desirable The diversify
cation in stocks could, of course,
be obtained by purchasing some
shares of mutual fund*, but I do
not advocate th. With mutual
funds, your eggs are all in one bas
ket In a rapidly falling market,
you might find it impossible to sell
before it was too late There could
he a run on mutual funds as there
was on bank deposit* in 1933.
Reader* Note - Please do nut
w r.te to Federal Civil ftefenae at
Sen. Thurmond
tf U» Ui
Reports
far be- Soviet
May baa been a disturbing month
for every ritixen who is concerned
with American foreign policy The
events which commanded the itoost
attention of course, were the anti-
Amencan not* in South America,
the grave governmental drisis in
France, and the renewed threat of
war in the Middle East.
There have been other distur
bances. less well publicized but per
haps equally significant.
For example, there is a lesson
to be learned from the fact that the
Communists have just won an im
portant election in the Southeast
Asian nation of Laos Laos has been
getting more annual U. S. foreign
aid per capita than any other coun
try—$40 million for 2,000,000 inha-
bitants. It happens that the coun
try’s Minister of Planning and Re
construction. who has a voice in the
spending of some of this American
money, is the leader of the Com
munist political movement in that
country.
In Laos, we have been spending
S20 a year for every man, woman
and child; yet, the party which is
gaining political power is the Com
munist Party.
This is an outstanding example
of the way in which our so-called
mutual security program is failing
to aid American security. In its
present form, it can only be a bur-
dm Is th*
sum.
«• hot*
rood III* point of
in distributing military aid and in
.itlocating economic aid
FOLIJF.K OK KORFIGN AID
W« have given military equip
ment to mric countries to equip
force* greater than the country can
rai*e or is willing to raise. In dis
tributing economic aid, we have aa
-umed that economic developdicnt
will pave the way for the growth
of democratic governments pattern
ed after our own. Yet, in case after
case, the governments which have
actually developed have been un
democratic and quite Often un
friendly to the United States. \
We have spent more than 14
billion dollars to aid Communist
Yugoslavia, although the govern
ment of that country has x blown hot
and cold in its relations with the
Soviet Union and could not be relied
upon to stand w ith the United States
in the event of war.
We are weakening our ow n indus
trial strength by setting up competi
tors for American industry in fo
reign countries, although it is vital
to our national security that our
own domestic industries be main
tained in a strong position
We are courting national disaster
by continuing to base our foreign
policy on indiscriminate economic
aid and military aid to doubtful al
lies and neutralists.
I am particularly disturbed that
the Senate Foreign Relations Com
mittee has recommended that the
* givoa authority to a-
•id to oil countn** «r*pt
Russia. Communist China,
and North Korea
PARR SHOAL
The Jmnt Atomic Energy Com
mittee ha* given the go-ahead to
the Parr Shoal* nuclear power pro
ject in Fairfield County by agree
ing in waive the 454ay Congrea-
sional review period itipulatrd by
law. I urged the committee to takr
this course, because of the great
value of this project to South Caro
lina
Fairfield county, according to a
survey made by the Department of
Labor at my request, has nine per
cent i of its work force unemployed.
The $29 million which will be spent
to construct this plant should aid
considerably in reducing unemploy
ment in the area. Eventually, by
contributing to the development of
cheaper nuclear power, the Parr
Shoals project will be a boon to the
entire state and the whole southeast.
PINAL MtmJCMVT
p«y*
Taka notice that ou thr MU) day ^
of Juno 19St. I will render a final ac “
said date, duly
count of my acts and doings as Ad ^ fm^rar haired
mtwistratrtx of the estate of D B LENA TATS WEHUNT
Wchunt in the office of thg Judge Administratrix,
of Probate of Laurm* County, at Rt J. Clinton, S. C.
10 o'clock a. m . and on the same May M. ItM ♦c-J-M
day will apply for a final discharge
from my trust as Administratrix j
Any person indebted to said estate
jx notified and required to make
OFFICE 8UPPUES
At CHRONICLE PUB. CO.
PHONE 74
IF YOU DON'T READ
THE CHRONICLE
YOU DON'T GET THE NEWS
Phone 74
VOTE
, R. McLECD
FOR
ATTORNEY GENERAL
Assistant Attorney General
seeking promotion on hit
record of 10 years' service to
South Carolina In the Attar*
ney General's office.
"Th*rs'» no tubiffaito for oxporlonco*
(Paid for by frlornfa of MclEOO)
Vote for
ALLEN D.
COLEMAN
Dairyman. Business Man.
Veteran and Familv Man
FOR
Iti
COUNTY TREASURER
“Yiwir Support Mill He Appreciated"
experience tn
to
With my two years
th; office. I am
*et vr yau as
rr
Will Give Fair. Impartial Service
VOTE FOR O'DELL
For County Commi
Vote For
KING DIXON II
Candidate For
House of Reoresentatives
'..U RKNS COl^TY
Jane 10th Primary
'Offering Agf.-ewsme, Honot Service to Ike Peopfh ,
Ijiuren* ioum* »nd Hie Slate of Soe#fi Carol ar
7
BRING A FRIEND TO
CHURCH WITH YOU
JOANNA
ST0RF5
kwamma., Bl C.
D. E. TRIBBLE
CO
IRBY'S
IIS t.*e’
McGee’S
DRUG STORE
•i V Hi
DEE S OIL CO
S Broad Street
JOHNSON
BROS
Aamth Hrxaad MB.
BANK
GASTLEY3
— j GIFT SHOP
VOTE FOR
Frank D. Pinckney
—For—
Adjutant General
i
Over 30 Years Experience In
the National Guard
Veteran of World Wars 1 and 2
Mature Judgment
Trained for the Job
t kfcaee Ad VW toe »* Fm*)
I •Aaaabaa Mbrtaai
NEWBERRY
1 COUNTY BANK
JuMMte
CUNTON TIRE
& RECAP. CO.
113 S. Itmad SI.
YARBOROUGH
OIL CO.
415 W. Main St.
OF
i
*% fl
COOPER
MOTOR CO.
C. & L
ONCRETE CO.
S*S V c
A««.
CUNTON.
CAFE
102 Mangrove St.
f
SUNSHINE
CLEANERS
102 W. Florida St.
CITIZENS FED.
SAV. & LOAN
22B W. Main St.
The diploma, symbol of work accomplished, is one
of the graduate's most cherished possessions. It
signifies a milestone in life—an end, but also a
beginning!
With commencement comes thoughts of life still to
hr lived. Knowledge alone is not enough; degrees are
not enough. There must be something more.
Through the Church comes a knowledge of life lived
for others, of nearness to God, of strength and power
which carries one beyond the needs of the present,
which mekes the individual adequate f*r tasks too
groot fos human strength.
>• •he Chorck jron will feel a nearness tn Cod you
oooor foil hot ore. end the more felly yoo eater mlo
Iho late of ike Chwreh. the strooger you will become
saw n i iwsnl of tsfo to tfce Choruh * aawuwa
CHRONICLE
PUB CO
THE CHURCH TOR ALL . . .
ALL TOR THE CHURCH
TV CKurch u thr (mint factor oa
railh lor (hr building of charadtr sod
good ciliirnhip. Il it s ttorrhouM ol
ipmlual valura. Without a ilrong Church,
neither democracy nor civiliialioa css
turner There are lour sound reasoni
why every person should attend services
regularly and support the Church. They
ore: (I) For hit own take. (2) For hit
childreo't take. (3) For the take of hit
community and nation. (4) For the take
of the Church itself, which needs h»
mortl and material support. Plan to go
lo church regularly tod retd your Bible
daily.
CnooSar Versa*
11 ISIS
13 13
I Car.eSn.aa4 > 1*11
Can. gt U
I »M
* If
* U14
Ta
t*«
T.E. JONES
& Sons Furniture
20(1 IV. Main St.
HOWARD’S
PHARMACY
105 E. Main SL.
LARK’S
Esso Station
811 S. Broad SI.
ANDERSON
Appliance Co.