The Clinton chronicle. (Clinton, S.C.) 1901-current, August 27, 1959, Image 4
I
THE CLINTON CHRONICLE
A “Little Inflation” * >
A« u*uai. the mid-venr erom>ynK fore*
have Iten pminnr forth. And moat of
them have »ertain thinfra in common.
For om thinp. the pn*fe.v«ional !«een«.
with hardly «n exception, expect Invoming
t*ui»ine)v.'* in moat iinea of enterprise—and,
with it. hijrher vvaires.
They also expect, again, with hardly an
exception, a ■■moderate’* rise in the general
price level—something like two or three per
cent over a year’s time.
This is what is known as "creeping" ’in
flation. as opposed to the ‘‘galloping’’ kind
n which the buying power of a currency can
ne virtualh destroyed overnight. And many
people seem to think that a “little inflation’’
sn't really a bad thing, and may even* l>e
good. After all. two or three per cent a year
doesn’t sound like much: - ,
However, over a comparatively short j»e-
riod of time that two or three per cent could
cut the dollar’s value in half—precisely as it
already has been cut in half in the past 20
years. And. ultimately, we would have a ten
cent dollar, or a five cent dollar, ora one cent
dollar.
The federal commission headed by Vice-
‘-resident Nixon has pinpointed the danger
of inflation, warned us w^iat it could do. and
made a strong stand for, among other things,
a balanced budget and a gradual reduction in
the national debt. Herein lies the only hope
for saving what is left of the dollar’s worth.
There has probably been more discussion
of the inflation problem than of anything
else except the international situation. Much
of the discussion has been informed anti
wise. But almost all of it suffers from a big
weakness. It is carried on in statistical terms
—billons, ten ot billions, and hundreds of bil
lions of dollar-—that only a tiny, specially
educated minority of the people can even be
gin to comprehend. In other words, it just
doesn’t come tlown to life and living as we
understand it.
IVesiden: Kisenhower realizes.this. Some
time ago he >poke. extemporaneously to a
group of magazine editors. His subject was
-aving the dollar. Ami in the course of his
remarks he ^aal: *\ . . Today, think of the
man at the lathe, the drill preaa. who is earn-
:ng monev whkh he is putting away in his
t*n«ion with his vompainy or into an insur-
am» putny. It w* tudav cannot assure him
tKat forty year* from now he is going to be
able to have « good living left, then I say,
■«a nrr or later, he will quit buying insurance
•*». he w.11 not have any confidence in
As gv eramen: Umd. aad he will not think
very mt*h ot hi*
Later on. tla
he.* ■»«* aad more inflation. ‘It
•a* r^h that wtftlw suffering. Instead t will
i« oil IhtMa m.ttx’SM who with thttf
**»i *r* n* tyepwrttevs. shoveia, and nil the
♦o*t ar« piesJa mf the woaltll of the i'ntted
wtates
Let’. Call Off Memorial Day! Whitten Village
Prior to last Memorial Day. a county gov- _ t *
emment in an Eastern sUte appropriated DGOIflS NCW'l63r
$250 and sent it to the Memorial Day Com- Gh J and boyv are letumin* to
mittee for the purpose of hiring a band. But WhiUrn VTUage follpwing summer
a proviso was attachid—that it had to be a vacations The two schools will open
union l*and, and m>^ a school or other vol
unteer band.
Thursday. August 27, 19S9
Monday, August 31
Mias Norma E Halett continues
, as acting director of education and
The committee, it is pleasant to record, j training, with Mrs. Kathleen P
sent the check l»ack. It said that it wouldn’t C.affnev-, secretary,
l>av men “to take part in a patriotic OClebra-
tion.”
The incident drew this ironic comment
from the Klemington, N. J., Democrat:
“Let’s call off Memorial Day until we get
everybody in this country into a union. Let’s
The following are campus school
teachers: Miss Louise Cox, Clinton;
Mrs Elizabeth M. Fuller, Laurens;
Mrs. Allie Hamilton. Clinton; Mrs.
Hattie H Hunter. Clinton; Mrs. Ay-
liffe R Jacobs, Clinton; Mrs. Inez
Lindley, Laurens; Mrs. Rubie Mi
lam. Mountville; Mrs. Margaret B.
bury no more veterans without the service 1 Sease, Clinton; Mrs. Nell Taylor,
of union pallbearers, union gravediggers, Laurens; Mrs. Edith Wingo,’ Lau-
uhion embalmers. union chauffeurs driving [f 115 : Mrs Mi, dred Hipp Johnson,
. , . . . ’ , Newberry, takes the place of Mrs
the mourners to the cemeteries, union-made Sarah w Lesteri Te , igne<i . Mrs
and set grave markers, union-grown flowers Agnes M Holland, Clinton, takes
and union made-up floral pieces, union-made the place of Miss Essie Davidson,
American flags over the graves, placed, not r f signc<,; J ‘ Rudo| P h Matthews,
by volunteers like the Legionnaires and the Part time . Audrey McCr( f sky> phy .
Sons of Veterans but by card-bearing union sical education; ’ Mrs. LaBruce S
grave decorators to the exclusion of com- Heist, dancing,
fades in service, neighbors, friends, relatives.! teachers in circle School; Mrs.
And let no word ot scripture be uttered, no Jim Horton CIinton . Mrs Ione Wa] y
prayer lie said except by an" AFL-(’I0 li- lace. Clinton; Mrs. Emily p. Me-
censed and dues-paying pastor.” Millian, cflhton; Mrs. Beatrice
The grim fact is that this isn’t just sheer ^i.^5^' Mae
fantasy. It’s precisely what some of the la
bor leaders would dearly love, judging by
their drives for more
power.
and more monopoly
Babson Tells What Will
Happen To Railroads
C opeland, Renno. added this year.
Blackmon To Widen
Mounfville Bridge
Blackmon Construction Co. of
Mountville, was low bidder last Wed
nesday on the job of widening the
150-foot overpass over the Seaboard
Railroad on State Route 72 at Mount
ville The bid was $32,331.
Route 72 from Clinton to the Sa
luda River is now being widened and
reconstructed in several places
Rev. Howell Returned
To Leesville Church
The annual conference of
South Carolina Conference of
the
the
BabsSri TSTk, Mass., August 27—The Boston and
Albany (New York Central) and the Boston and Maine
rairoads are asking to drop scores of trains and sta
tions Increased fares are not the solution. People sim
ply will not ride the trains if fares are increased fur
ther. I have just returned from Arizona on the swank
iest train—the Santa Fe's 'Super-Chief.” There were
54 pasengers in eight beautiful cars hauled by two en
gines and a crew of ten men. The passenger business
will gradually decline to almost no riders. Now the -^^bern Methodist Church, meeting
riders are 90 r 'c old people ; the young people travel in at ,he Maple Street church in Colum-
automobiles, buses, and planes bla * ast wc *k. returned Rev. George
RAILROADS ARE DOING L ^ svin « Church near
EVERYTHING TO REDITE COSTS ‘ rC S \ T . Ho ^ e l ,s a nat * ve of ri ®
The railroads have bought new passenger can, c.,’?! 1 at
which are air conditioned But they are cutting out ' r ,st ** Al *
checking trunk* on many trains and are closing ex
pres* offices Thu saves carrying
.baggage cars and men to handle
baggage, both at the stations and in
the trains Even the freight business
|t* falling off. although the railroads
running faster freight sendee
He will be in the community each
week-end and will preach at Lees
ville Sunday mornings at 11 :M a. m
Bryan Holla ad and Harold Lai
were delegate* to the conference
Leorherwood Cose
n
luf 1
St*** But aJiMtet)
• t»w «ia«UiMtO*
industry and
Higher Education
tin* *f *L* **tq-• dr%o4
hw* <0tf ,*wtuiofF>*a tut
f h-gfcer •*!«•»atendl t* the t uitaul
t*ifla fr*-4t. * rpt-rutmUm tm
~rmi ’••tula4 940
The) <mrr* t< 1)54 huUuui Use
.4V* !• »al i* • \|»« te*l t*. rrm h 9190 mtllem
TB* Am* .**& L««*aucnir
g*,e* rw t ieaw r.* why i*>r|*iEatii>fia fori
«ad RH»re *»! « rvupadHMMtr U»»«rd I
e«lu*a!f*n For «*nr tklaff, busl—na
:he trained man|*twer thus prinhiced. Par
rtnother tori* ration officer! want tu pre-
-erve .mil rKiuneh the traditional American
ilea, of edot-atioiial opportunity.
Still a third factor must also play a biy
-oie in framing the attitude of business. That
.s the desire to keep etlucation out of the
nands of lederal bureaucrats—who would
-all the tune if the colleges and universities
were supported with federal money. Keep-
ng education free of political dictation is the
most important need of all.
The (lh\ ji}.h: saving idea comes from an ,
old Indian whe cut off one tml of his-blanket
and sewed it tc the other to make it longer. ;
hraMrs. awwnag aum. tu , ta
thr heart* ti the citie*. irrespective at the decrease
ia pas*engrrs These moreoxer could be twe-stary
buikhng*. if desired, which would he readily financed
by insurance companies
RMLAOADK ARE NECESSARY
We must have the railroads for heavy freight 15*)
are the life blood of the nation This was proved dur
ing the two World Wars. When the railroads had a
monopoly, they abused the people They are now
suffering from this, but this will be changed. It will
be changed by greater efficiency, fairer labor and tax
laws, and by their being given freedom to run their
own business as do the bus companies, trucking con
cerns, airplane companies, and taxis with which they
must now compete.
Now a word—in closing—to investors; In most in
stances. you who hold railroad stocks might do well
to sell them, putting the money in a bank until indus
trial stocks have their crash in price; then re-invest in
good dividend-paying industrial stocks. You who hold
railroad bonds should probably keep them.
My <• Hik?
• Vane at thr newer drug
tpci tahica arc rather hiph-
pneed Thai’a beiauac
they arc ootdy to pro-
dtHt But they gn rr-
mlu! Check our price*
You’ll find them always
tan!
HOWARD'S
! PHARMACY
. Phone 101
CLINTON, S. C., THURSDAY, AUGUST 27, 1»5S
oV (Elintun GUjrmurlr
EatnbUmed INt
July 4. 18» - WILLIAM WQAO.N HARRIS - June U, M&5
PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY
Sutemptior. Rate (Payable in Advance)
Out-of < every
One Year S3 M Six Metrtht *2 00
Om Year |4«
Paid at
ft. C-
P I , h
Pin
u u
NOVM PAINT
$5.75
D. L Tribble Co.
^ • •
You get a hundrea years
of progress in every gallon
of gasoline we pump
x-'-n
* «
--*s •> * T ll * 'x / ^
; V x:-,y.: *' v • \ C ;i >'■ V
A - {;< - - hi! k '-x-r*
" v r t
Thla year marks oil’s lOOth birthday.
It’s been a century of gruat progress in better
products and friendly service to you—
and the beet le yet to come.
Did you know - the gasolines used 30 years ago w ould hr
naclcss in the engine of the car you drive today? Thr gaso
lines usrd in today’s automobiles arc as powerful as the fuel*
that our fighter planes used at the end of World War II.
Thar’i progress—oil progress
You may never nonce the progress m gasolines, motor
oils, lubricants and othir products we offer you-bin h’t
there. Each year, improved oil products provide more power
and better care for your car.
We're proud to have been a part of this wonderful cen
tury of progress. And we join with the rest of oil’s men and
women m promising - the best is yet to come.
: 0'^ F ' , ' ST CENRltf
VVUHKINC ft* progress
—VISIT VOI R TEXACO STATIONS—
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Went Mala Strcrt
East Carolina Avenue
Clinton Mills Service Station
Aradevnv Street
Lydia Milk Service Station
Center Service Station
t amitaa A<
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