The Clinton chronicle. (Clinton, S.C.) 1901-current, September 10, 1959, Image 4
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
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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