The Clinton chronicle. (Clinton, S.C.) 1901-current, June 05, 1958, Image 4
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THE CUNTON CHRONICLE
Thursday. June 5, 1958
5 hr (Elintoti (Ctjrnnirlr
v K^UbUmbrd 1944
Job 4. 1M9 — WHX1AM WILSON HARRIS — June IS. 1955
PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY
Subscription Rate (Payable In Advance)
One Year S3 00, Six Months S2.00
Entered as Second Class Mail Matter at the Poat Office at Clinton, S. C., under Act oil Con*r«
. .March 3, 1879
The Chronicle seeks the cooperation of its subscribers and readers—the publisher will at all
times appreciate wise suggestions and kindly advice. The Chronicle will publian 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
Memoer: South Carolina Press Association, National Editorial Association ,
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AMERICAN PRESS ASSOCIATION New York, Chicago, Detroit Philadelphia
Credit Corp. To Buy
Unredeemed Cotton
On Loan On July 31
The U. S. Department of Agricul
ture has announced that Commodity
Credit Corporation will purchase at
Women Of Synod
To Increase Support
Of PC Bible Dept.
Presbyterian women of South
Carolina will focus on the Bible de
partment of Presbyterian College
the close of business July 31. all as a sp^ial project for increased
1957 crop loan cotton which is un support.
redeemed at that time, according That’s the announcement from
to H. A. Ropp, of the County ASC
office in Laurens.
Through May 9, a total of 3,655,-
Mrs. R. Grier Robinson of Charles
ton. president of the Women of the
Church of the South Carolina Synod,
T
CLINTON. S. C.. THURSDAY, JUNE 5, 1958
Straw In An 111 Wind
If a bill now proposed in the Congress
becomes law; the present system of unem
ployment compensation will be almost com
pletely federalized.
The mechanics and mathematics involv-
-ire somewhat complicated. But the prir
ciple at stake is simple enough. Arbitrary
federal .standards would be imposed on the
state unemployment compensation laws.
And the states would 1k j forced to pay far
greater unemployment lienefits, and for a
longer period of time. _
One result of that would be to add more
fuel to the fires of inflation—at a'time when
the cost of living index has l>een steadily go
ing up despite a decline in general'business
activity. For example, under the existing
system, retailers and certain other business
es commonly enjoy low unemployment tax
rates, for the reason that they stabilize their
own employment. The heavy drain the
proposed new law would impose on state un
employment compensation funds would
mean the end of such favorable experience
ratings. Inevitably, the higher cost would
be paid by consumers.
In the view of a spokesman for the Amer-
|can Ketail Federation, this "represents
a deliberate attempt to increase the power
of the Federal Government over the state
unemployment compensation laws.” Dollars-
and-cent* considerations to one side, the
growth of federal power at the expense of
the rights and obligation* of the states has
l»ecome one of the most critical problems the
nation faces. The proposed new law is one
more straw in an ill wind.
Newsboys Can Dream
Columbia. South Carolina, geographically
speaking, is quite a stretch from the indus-
trjhl centers of the Great Lakes, but as op-
bales.
Until the close of business, on
July 31. producers\may either sell
their “equity" in the loan cotton
or redeem the cotton from the loan
. . ^ .. ~ ' and then sell it in the open market,
port unity goes, it is not so far. The btate. market pn( * of [het vorious
650 bales of 1957 crop cotton was re who s ® id that ecah local church
ported as having been pledged for ^ ro11 ^ ^ as urged to place this
loans As of the same date, ^.. department in its budget for 1959
963 bales had been redeemed, leav ' ,rs ' Rob,nson P° in <ed out the sy-
ing loans outstanding on 3,149,687 nodlcal execut *ve board, at a recent
meeting officially recommended
Columbia newspaper, with pardonable pride,
tells of the rise of one of its former paper
carriers, a native Columbian and a South
Carolinian.
As reported by The State. Mr. John E.
Swearingen, a graduate of the University of
South Carolina, has l>een named president of
Standard Oil Company of Indiana. Mr. Swear
ingen is :>9 years old and "began his career
with Standard Oil as a chemical engineer.
. . . He became a director of Standard Oil in
qualities of cotton has remained
steady in recent months, and at
present prices farmers should be
able to dispose of some qualities
of cotton at prices that will give
them some net profit above the loan
and eharges against the cotton.
Loans on 1957 crop cotton were
available to producers through
April 30 The average loan rates
were 28 81 cents per pound, basi^
middling
ton
Vinch, for upland cot-
The 1956 loan cotton was purchas-
i;c>l and was named vice president in charge od at maturity July 31, 1957. Notice
of production in 1954. In September, 1956, ,hat tbe 957 * oan cotton "ill be pur-
he was promoted to executive vice president f hased at matur ' t y of the loans is
, . . . • j * being given at this time so that pro-
ami 18 months,later made president. d..^ u,i
Are You Happy
In Your Work?
A'TOrding to a Gallup fMIt. airr
th* pouplr are unhappy in thotr
the Bible department as a worthy
project for the 301 local wonien's
organizations throughout the state
She said the action has received
strong endorsement from the mem
bership, and a number of the
groups already are at work on it.
Dr. Marshall W. Brown, president
of Presbyterian College, expressed
deep appreciation for the increa
singly strong interest and support
of the dedicated Presbyterian wo-
en of South Carolina. He said that
when this new program reaches its
full potentiality it will stand as a
major contribution to the forward
strides of the institution.
Dr. Brown pointed out the Bible
department is the keystone of the
religious training which annually
sends forth from Presbyterian Col
lege scores of ministerial eandi
dates and future lay leaders to
nourish the life and growth of the
church. Statistics show that one
of every ten ministers in the Pres
byterian Church US and one of
every four in the South Carolina
Synod are Presbyterian College
alumni. In addition, more than one-
fourth of the present study body of
Columbia TTieological Seminary are
PC graduates.
T David Sloan, Jr. Three scholarly ordained Presby-
For Treasurer George S Adair. tenan ministers are charged with
Allen D Coleman. Posey W Cope- the Bible department responsibility
land. Wm J Henry, and Hcrch. I at Pc Dr T Layton Fraser (AB,
W. Wilson STM, Th.D. >, author of nume-
•in a recent CBS interv iew. Mayor Wills For supervisor-Bennie B Blake "T *°rkbookj used by
Bramlt of «V„ Brrlm . . . ,h„, ^ ZTStTZStllSZ
day 3<H» t«» 500 East Getynans cross into West For Count , c.mmus.oner: J. 2 1| j08 p7tl “ <BA i STB '
Berlin as refugees. Since 1950 the stream Warrm Crate. Joe Holliday. Paul 'JIa. i-TT:'.. p r>BIII> *” t rrkgious
has mounted to more than one million. If IS O'Dell. Claude A Patton. George „ * Bible* «
M Penland. and M N Preteey ' ' “ !•« year.
— ^ *8° And aening as associate pro-
Maglur*ir C —nrr* tmMM . B ^, aM] Greek is Lewis
Dial% TowMhip C. M Curry -Scott Hay (BA. BD. Th M >. a PC
.. , . „ '•d *- ■ Jtem ilumaus who munwd here m 1955
Kremlin a ada. Walurte Township Troy c. te directly from gra
aad Thoms* B O’Dell •rntmary
J * r<u Township Rohm N Big
m capteai. Jr^ Fyf ure Homemoken
Election
presiaenr. ducers wil have sufficient time in
Here is fresh evidence that the United which to redeem their loan cotton
States is still a land where newsboys can: tbe maturity date,
make their dreams come true if they are
willing to work hard enough. It will remain
so as long as we preserve an economic sys-
tern in which even the largest industries op- 1 ,,nt,nue d from page one*
erate in a competitive free market that de
mands the highest degree of individual abil
ity.
Communist lands are such a magnificent ha
ven of humanity, why don't people stay
You'll never see the answer to that in the
work at the
half
prompted a worthwhile art** le by
Pat St uneven; in the March iwme of Todny'a
Health, the American Medics! Amecution's
magmiinr of frneral < tmalntkMi.
Mr Sturdivant hns earn# prv*«m adv if
vou are one of the unhappy ones. In capsule
form, it bmls .town to thin: Ftrut. bt ape*
• taltsu help yow—-modem lechnwiues of t»*t. f
ng mterview-mr and iwunaeltng inn work
■ Sevond. get the facts «■» that la.
•vn ..«n Hu** sfvi minuses in nn
SENSING THE NEWS
B r THURMAN SENSING
Jerk* 1
ham. J
J*UM* C
J C Ha-
Owing* mi Hr*
To Meet At Wmthrop
p* - - —
i i'u '4* #
lill-H:
■- m '*
-i <t ute#.
ARROW "iron cheaters"
100% cotton dress and sport shirts
wash... drip-dry... wear!
wM he delighted os Dgd when you give him iheie I
wfc# ironing a tking of tba |
i«n
Other Sport
iport turn U H
Shirts 91.96 and 18.95
or mrui artumr
tia
Adairs Mens Shop
'Far the Man Wfcn
•srtal
ke a
e a pte is
r-
i
rmn
to for work Learn
for you mat be found
th ng you like It's gm
a hnldiy into
job See if
nay. TMML
the right yob
M te
'ZXZZSSl "ST
at •
to a
a yob FWth improve
fm
»he Ram-
All manner of «
dU can tieveiop fr
happtnr** in a man** or woman's Job. And. in
m.~t cases, the trouble van be tuned, te the
lasting Ivem-l t and profit of nil
There are an m redibly large
and calling* in demand today, and there's no
need for square peg* to try to fit round holes.
What Kind Of
Tax Reduction?
More and more people are coming to I*e-
lieve that federal tax reduction is almost in
evitable within the near future.
If that view proves correct, the problem
before Congress and the administration will
l>e to blueprint a tax reduction program that
will produce maximum results.
So far. most of the discussion has been
concerned with cuts in the individual income
tax, and there is no doubt that this will be a
major item in any program that has a hope
of acceptance. However, it will be a woeful
mistake if the government stops there.
In the long run, spending and capital in
vestment by business will decide how many
jobs will be available in this country and how
good those jobs are. The present 52 per cent
corporation tax is a big and obvious barrier
to investment. A cut in that rate would pro
vide a real and lasting shot in the arm of the
whole economy.
Then, it's high time we got rid of special
taxes, which, though they are small revenue
producers, deter business from basic enter
prises and add to inflationary pressures.
They’re still on the books, all these years aft
er the emergency ended.
by mr
Vi
■ «i
mi M aMi
C—ml t twite B
% *~r*)• •JTir? 1
i
k Frabate!
V Ct
SUMMER DRESSES
SPECIAL
New Philadelphia. Ohio, Daily Times:
"The communist world does a great deal of
blatant advertising of its alleged charms for
the masses*of humanity „ . .
•ay
*11 W then
wttfaie stale Theta eaa ha aa
if Sarial Security paymaau are poshed evei
and if coverage w expanded la taha ta all I
financial and physical misfortune, there is
tmnable danger that the sense at individual
bility and self-reliance will disappear from the Amer
ica scene altogether The people can vote m the wel
fare state, the socialist way of life, if they want to
—but they should at least realize what they are doing
The Social Security program has already broadened
far beyond its original conception when passed in
1935 Nine out of ten worken are under the Social Se
curity umbrella. Already about 11 million persons—
on* out of six in the labor force—are drawing ben
efits And the cost has gone up proportionately, with
younger working people and their employers shoul
dering a constanUy growing tax burden to provide it.
The amount of earnings subject to Social Security
taxes has increased from $3,000 in 1937 to the present
$4,200, some are proposing that this base be raised
to $6,000 Moreover, tax rates have already more than
doubled—from 1 per cent each for employees and
employers in 1937 to the present 2Mi per cent each.
Another near doubling is scheduled by law—to 2%
per cent in 1960, then in 1965 to 3V« per cent, in 1970
to 3V« per cent, and in 1975 to 4V« per cent. Thus the
maximum contribution by a worker—and by the em
ployer for each of his workers—has increased from
$30 to the present $94 50, and by 1975 this maximum
will rise to $178.50 each.
And all this is not enough to pay the current cost
of the present Social Security benefits. Social Secu-
rity'tax collections are running well below the amount
of benefit payments, and the program is expected to
show a deficit this year—something that was not sup
posed to happen for many years And in the next fis
cal year, estimates are that tax collections will
amount to 17 1 billion, while benefit payments will
total $8.5 billion. ^—
In view of the increasing longevity of people—and
if benefits are liberalized still further as many are
proposing it is difficult to estimate what the deficit
of operating the System will be in the years ahead—
or what it will be costing employees and employers
tf it is attempted to increase taxes >uffideaUy to
pay for the benefit* Of course, the taipaysn will pay
MIDWAY
CLINTON. 8. C.
FBI. & SAT.
JUNE 5-7
THE TIN STAR
With HERNY FONDA. AN
THONY PERKINS and BET
SY PALMER.
SUN. & MON.
JUNE 8-9
Double Feature
YOUNG AND
WILD
First Run
JUVENILE
JUNGLE
First Run
TUES. & WED. JUNE 10-11
SEA WIFE
With RICHARD BURTON
and JOAN COLLINS.
(i i
In Cinemascope and Color
THURSDAY JUNE 12
PUBLIC PIGEON
NO. 1
With RED SKELTON and
VIVIAN BLATNE.
-Cash night'
VOILES—PIMAS-CUPI0NIS-RAY0NS
BROADCLOTHS-GINGHAMS-SHEERS
DACRON-COnONS-DRIP DRYS
A SPECIAL PURCHAS E MAKES
THIS POSSIBLE
PRINTS-SOUD COLORS BLACKS
SIZES: 9 to 15-10 to ZO-UVi to 24y»
MURRAY GARBER'S
Clinton, S. C.