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THE c uvros CHHOMCLE Tliaraiajr. SfytfiwWr 10, 1030 Answer To The Welfare State N*tt ti> tht nr%« !h» t'nWl.wnr. *hr proMrro of inf nation rry/gsr* !h» at* tmtion tn>in tN- m*i*t pn»f*t» Rr^-rntly tlH* i«m«utint of tht thirit-larf« > «t Hfr injiurainr .<fnpan> in th* nation, with o\rr billion < f lift maurantt in fon’*. aanl to thr policy- hoblrra >( hi« ^tmpany: 'inflation control ia withm !Vit }i«iarr tif ('onffca*. the electnl rrpreiM’ntatixta oi the people. It »a up to you to make \our t<wn \o»ce heard in Waithinp- ton ('onirreaa la interested in your views on ntlation and mm ia the time to speak up. . . . He)ie\e me it ia a fi^ht we dare not lt*ae. The future i>t our nation and the freedom of the Western world may well depend on it.” No. inflation is not inevitable. It is an evil itoojjht on liy the failure of the people of a nation to live up to their responsibilities as vitizens. They demand services from jrinkrn- nient for which they are unwilling to pay— ••esultm>! in debt ami depreciating money. Vet. in spite of the record, there is plenty of tviilence that Americans are not ready to re linquish the responsibility that goes with freedom and solvent government. . The company whose president speaks so earnestly is the Equitable Life Assurance Society, which is celebrating its 100th Anni versary. For 100 years it has grown and prospered because it has filled a need in a nation whose people possess an innate desire to provide for Their own financial security and independence. It is to the ever-lasting credit of such companies that an alternative nas been shown to the philosophy of the wel fare state. The hundreds of billions of life insurance ,n force i> the l»est possible answer to those who would .-hilt ever-more “welfare" and ■ security” responsibility to the shoulders of « central government at the price of inflation ^mi ultimate i-ankruptcy. •rj—of 92.04? million For another, about 00 per itnl of that gigantic investment I* in; electric power facilitie*—not in navigation and flood control works For still another. ?0 per cent of all TVA electricity ia now steam —— Birth* generated, instead of lieirtg a hydro-electric■ daughter. TVrry im idrntal by-product Mr Rain rtw and Mr* Mwand Md. ar «r the Mrth Personal and Social News of Joanna ■••are Uw htfiftef a war. an Sept < a SSgt I La *t» And. finally. T\’A is now the largest steam generating power sya- tern on «*arth. i S»», to c|uote t'ongressman Griffin again: '; lt should nut l»e surprising that T\’A is dear Sept t. Mr* Pease M Mm Myrtle DuBoae. daughter of Mr* ( rawford DuBoae They also have two ton* HAftBIS Mr and Mr* Ernest announce the birth of MRS. GEORGE METTS. C Phone J mi Kandy were Saturday supper guests and Mr* Carl Turner in Greenville of Miss Lucille Turner in Switier. over the week-end They motored to Miss Brenda O'Dell spent last Gatlinburg, Tenn , for an over night Mr. and visit. M and Mr* W T Arrowood aat family of Bamberg, and Richard Ar { I E Harm rowood of Sylvester. Ga . spent last Ga. spent the Labor Day , , , | . . — • daughter, week with Mr and Mr* Ervin Ar with Mr and Me* Millard Murphy to the hearts of people in the cast 80.000 MarJr O’Dell, on Septem rowood Mr. and Mr* A S Hoh and square mile area which it serves. The system her 2 at Hay* hospital Mr* Harm \|, M Nancy Jo Johnson will cele- granddaughter. Gay Craven, spent a supplies electricity to its customers at almost ww b^ore marriage Mis* Betty bralr a birthday September 17. day* with Mr. and Mr* H C. 'half the price paid in other‘areas served by ,V * vy ' Mr and Mr*. Edwin Humphrie* of E»'o‘i Georgetown Unt TV X .. .. Garland. Texas, are visiting hi* par Mr and Mrs Louis Murphy spent private utllltv eompames But cheap Tv A I Mr. and Mr*. Julian B Walker an- , nt5 . Mr and Mrs Marvin Hum-lmveral day* at Myrtle Beach the power is not made possible through some iiounce the birth of a daughter. Jan pane* •'paM uedt form of magic. It is sulisliiilftl power proviil- Scp'rmlxr 4 *1 Mr and Mr , Uwil Thompson and Mn. Bollo WilUn(ham oliitMi Mr. nl by the generosity of the Feileral Oovern- . ... ^ . er was 'bss Carolyn Gillespie. ment—that means all the taxpayers of the landers nation. As a government corporation, TVA Mr and Mrs Ola Landers an „ pays no Federal income taxes (while com- nounce the birth of a daughter, Lin- iteting private companies pav 52% I; TVA ^ a '*’ on September 6 at Hays receives its capital from the taxpayers . . .; mer Mjss Doris Edward5 and it pays no interest thereon.” _ LYDIA 1 There’s an accurate description-of the TVA Mr and M rs Uesse Lydia an- nounce the birth of a daughter on September 7 at Hays hospital. Be fore marriage Mrs. Lydia was MiSs Dorothy Bigbee. LOWE Mr. and Mrs. J. V. (Pat) Lowe an nounce the birth of a daughter, Re becca Lynn, on September 4 at Bla- j lock Clinic. Mrs. Lowe is the for mer Miss Marlene Humphries SEAY Mr and Mrs. Wesley E Seay an- than to perform! The Babson System consists of three " 0 . un f tht ‘ bir f a son ’ r nn <t»„dv rhonrine factors, as follows: ^ dward - ® n September 5 at Blalock Clinic Formerly Mrs. Seay was Miss Sara Wright. aad Mr* J< the berth of a , Ctoytaw. m Sept • at J< RrpttwrMAtiv* Mr* Headrick it tbe farmer Mhw Betty Ruth Bridge* KFNMNGTOV Mr and Mr* J. W Kennincion of Atlanta. Ga, announce the birtb of a daughter on Auguat 31 Mr* Ken nington is the former Mis* Audrey O ShirkJ* of Joanna parent*. Mr tad Mr* F C A3C Bruce Murphy of Sav "yardstick” that was supposed to measure the propriety of rates charged by private en terprise. It's about 18 inches long. The Babson System Of Investing Babson Park. Mass., Sept. 16—Many have asked what is my definite system of investing. 1 hesitate to put this down in writing because it is easier to explain week in Rome, Ga., with Mrs. V C. King Mr and Mrs. James Simpson and Miss Suzanne O’Dell spent the week end with Mr. and Mrs. Glenn Reeves at Myrtle Beach. Edward Thomas of the U. S. Navy, is spending a leave with his parents, Mr. and Mrs. L. L. TTiomas. Mr. and Mrs. Charlie Cole, Mr. HERE FROM COLUMBIA Mr*. Lillian Hamilton and Cher ry of Columbia, spent the Labor Day week-end with H. P. Bragg. Mr. and Mrs. G. V. Sellers and Sara attended the funeral of the for mer's uncle, John Sellers, in Bes semer City, N. C., Sunday. Mr. and Mrs. Barron O’Shields and Mrs. J. W. Mills spent the Labor and Mrs. Sara O’Shields spent the Day week-end at Ocean Drive. VISIT IN DUNCAN Mr. and Mr*. C. J. Craig and Miss Chrystelle Craig visited Mr. and Mrs. J. W. DeYoung and Mel ton Kelley at Duncan Sunday. Mr: and Mrs. Bill Byars, Lynn and Billy, were Saturday visitors in Greenville. Mr. and Mrs. George Metis, Syl via, Kathy and Carolyn spent Sun- Keep Y our Eyes Open Th. H (HIM Uav* and Mean* Committee (tenth held hearing* on a bill which would provide ho*| tal. >urgual and Miraing horn* Treatment to i«-opit drawing Social Sdrvirity . ti» Vrwi it |« high!) • f the mo«* forthright *K>n t«. th* ohmma cum from Artlwr & Poor ir.Ss-fe’ary aM tA rtf are— t ** fodnral # « 1*1% .-. «* neorng with tht • «4oe fo'fhi O* ooL m* th* VUt Ot thk Me iWmo* ag aftkd that thi hdft wosaltf a*' * '«.•» »* aaft«o<S *«♦,.** *.*».« giosas o< iho sUo M • a*. p«N»* 04* nwoietHBRV h* «A«U o* p** SUM •f *»•* h*i ho*-«*<** pMMnMM hy MHS H* mm* osftVo 1 "* *ho .•(MS* o4F Ih* ggnghMMt tH* *Hg «•** im* #*»«o ft ti is hAhgh AbbRbBBRRm • 4 »wgM*o oo# (u# tho woggh* og a dhs^ a * *sr*e (osftg Uftat ga an affMt Bp dk* •m+«*> mm *• *>*<• #-»o*0dMhi ohanh# gRBI M3 n • ♦•#'** •**# *go hanfkh gduat vho* aPh gPth* 1 • n #» ft ft*** ft (fc* aha* tg- * "oouftmag oft* a -ftahggUBBg hdBBBHh ... . m v *, '■ mu' t **• (ft com constantly changing factors, as follows: CAPITALIZING THE COMPOSITE BUSINESS CYCLE (1) ThCTomposite Business Cycle is a combination YARBOROUGH of a number of separate cycles. Most investment ad Mr. and Mrs. D. A. Yarborough, visers forget that each commodity, each nation, and Jr., of Pittsburgh, Pa., announce each family has its own special cycle. There are hun the birth of a daughter. Cynthia, on dred* of these cycles, but we take about fifty and ob August 28 Mrs. Yarborough is the serve when the declines of most of them reach their former Miss Sara Ehzabeth Work- and fa,nU y ‘ ,f * nd Mrs. Min low points at the same time and are ready to turn up^ man daughter of Mr and Mrs Hugh n " Ro P fr Atlanta, Ga., visited ward In other words if these different cycles were Bonds Workman • " r . ■■d Nrs. Lamie Brewington during the week-end. j. Terry Rowe SKSA. of Pensacola. week-end in Atlanta, Ga., with Mr. and Mrs. J. W. Kennington. Mr. and Mrs. C. B. Cole returned to their home in Charleston Wed nesday after spending a few days with Mr. and Mrs. Charlie Cole. WITH THE SICK Mrs. Nancy Amick is convalescing at home following surgery at the Joanna hospital. Mrs. Hazel Moore is a surgical pa- < ARD OF THANKS For your ktndneas, sympathy and understanding and for every service rendered during the passing of our loved one. we humbly aay thank you. May God's richest blessings be yours abundantly. -THE FAMILY OF THE LATE WILLIE E. ADAMS v WILLINGHAM REUNION Descendants of the late John H. and Annie Purdy Willingham will > hold their annual reunion at the Joanna Club House on Sunday, Sept. 13. All friends and relatives are in- | vited to attend. Bring a picnic lunch and tea. Dinnef will be served at 1:00 p. m. NEWS OF COLLEGE STUDENTS "pte following are among the Jo anna young people who §re now starting or resuming studies at col leges in the state and surrounding states: Misses Brenda O’Dell, Elinor Ni- Di*le Couch, Jenny at Winthrop. Miaa Pit Carr Lewis at the Ualeerslty Jimmy Farmer and Jerry Lewis at Erskiae College. Mis* Judy Strand al Anderson Col lege. Mike Conley, Ronald Paaamorr and Larry Murphy at Clemson: Mis* Lillian Hart at Agnes Scott; MU* Marian Surratt at Coker; Alvin Hue bie. Tommy Frazier, BID Dobbin* at Presbyterian, and Larry Gamer at the Univertity of Florida. MAKING HOME AT MYRTLE REACH Friend* of Mr and Mrs. Glenn Reeves will be interested to know they are making their home at Myr tle Beach. Dusty is currently station ed at the air base there CELEBRATES BIRTHDAY Little Carolyn Metis celebrated her fourth birthday with a party at her home Saturday afternoon. Misses Sara Sellers and Sylvia Metis di rected the games for the 14 guests present. Jan Young and Albert Marse were prize winners. Mr. and Mrs. George Metis, her parents, served ice cream, cup cakes and candy. Carolyn was remembered with many nice gifts from her friends. HEADACHES effectively corrected at the Hart Chiropractic Clinic. 205 Church St., Laurens. Tel 22501 & 2723. day in Little Mountain with Mr. and tient at the local hospital. Mrs. C. B. Betts. Mrs. 11a Bell Prater received Mr. and Mrs. Earl Dunn of;treatment at Joanna hospital sev- Greensboro, N. C., were Sunday din- eral days last week. —, ner guests of Mr and Mrs. Floyd Mrs Elizabeth Hair of Columbia. PhU. is a patient at a hospital there, i Mr and Mrs Woodrow Sullivan BIRTH ANNOUNCEMENTS drawn one over the other month, thetv—when most cle* were at their low | according to the Cycle Theory. U the time to tavetf Hu* Cycle Theory, however, t* only one *1 the three test* all of winch are very recent)> spent a leave with hit MOATES Mr. and Mrs. Itis Moates announce the birth of a son, David Wyatt, on Sept 6 at Joanna hospital THOMAS Mr and Mrs Richard Thomas an- vn DVINC. THI TKMPORARY TRI M» it> TV Ttnad «tf the Morhet m V hy - _ dm pnro* trf thew m tv it WV» ww* • «V <HP* 4MIHB * 1*0 in * I +***#» m •t *» mm ■•ft* til* Adi so MUp L* '• t ">4 v(iRpo rnmmimmt d «*Aft ft fmoRin mm V VMMHm ■ t* 4* •sWftHtfti m Vd ft* dPMRMf ■«noe«mdL wilHT RBHRBp wtS HHPmmi T %• id * w&t M4L Hi 0H I ** *11 * • »»*-«*' * IRmo •rnmrnmm. &m m WtR im •I m$m *ft*t Am# 11*0 ftsmmdBwg fog »« A- *M.m» gV ft* V aooR O •lAnip t** *m l^-lnch Yarcbtkk t *^**' th* nan K«4* r |* Lirtffih lift.* n mi a gtA eminent ctrii« at ton • ai'wri .»• the T*nne***e VnUev Authority • T\ Ai w«> (rrateti '»> t (•nirre»o to admin* ster a Ma-igaticm and fk«wl control project. It wa.* umleretood then that the projeit voulii generate'dome h> «lrvM*leitrie power as «n 'imuiental by*prodtKt.* in order to pro- . jde a government ‘sh<»t-in-the-arni’ for an jnder-ilevekiped region of the country.” What ha* happened in the intervening years of this seemingly innocuous and con structive corporation? For one thing, TVA now represents an investment-—provided by all the tederal taxpayers of the whole coun- Oa » wdl dtcU tV odd- are V ol IV WHAT ABOIT BHMRH?.. We have ant dwcuksed bead* today la thu| Bond- have a maturity factor which stock* do not have Also, when buying preferred stork* the invest or should be sure they are aon-callable and their div idends cumulative. / To study the outlook for common stocks only three factors have to be considered. But when studying bonds or preferred stocks, a fourth fac tor is necessary. This complicates the situation. For those who are expecting me to make specific recommendations, I advise against now purchasing the present popular "electronic” and "space” stocks, but prefer, safe growth stocks. These today are the chemicals for profit, and tbe public utilities for in come MidioGy MUVC-IN THEATRE ( HatMi JoftMUi Highway l-aurem* ( mmM*'* FV*»t imal Tia nariox mammi I N»\»* MAKE McGEE’S YOUR NO. 1 DRUG STORE -For- WHEN SAFETY OF SAVINGS is important McWs Drag Store x* i Wft V 9)0000 Aak Current Dividend Rote 3 VaX ^ *-• l imrtM MH l< MOO-AXXI Al 11 CITIZENS © FEDERAL SAVINGS AND LOAN ASSOCIATION SPECIAL SALE 5-pc. Tea and Coffee Set [ SINATRA MARTIN ASO-C IK Ml PROOuenON SOME CAME RUNNING' MCTDOCOLOR Wednesday, Sept. 16 Thru Saturday, Sept. 19