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1 V • '/ Final Knockout Near For Polio Parents and physicians throughout t^ie country are following with intent interest an important mass medical experiment now- under way in Florida. All 520,000 residents of Miami and Dade County under 40 are being given a new oral polio vaccine in a test under standards set up by the US Public Health Service. Conducting the project are the Dade County Medical Association and Board of. Health and the University of Miami Medical School. The new vaccine is described in the March Reader's Digest by Paul deKruif in an article' from Today’s Health, an Ameri can Medical Association publication, as 1 a safe, cherry-flavored liquid that promises long-lasting immunity from a single dose taken by mouth. It wilt cost less than previ ous vaccines and should be available this year, reports the article. It is the result of 13 years work by Dr. Herald Cox and his asaociates.at Ameri can Cyanamid's Lederle Laboratories •at Pearl River. NY. He sarted wfth the -fact that the best virus vaccines, those against smallpox and yellow fever, are made not from killed but living, weakened ■ midget microbes. His group weakened strains of all three types of polio virus. Dr. Cox'took the first dose himself in 1950. Tests followed in Sonoma, Caltf,. and* in 1957 at the University of Minnesota, then in many South American countries, ‘it has l>een subjected to far more extensive tests than has any other vaccine liefore being made available for general Use.” writes de Kruif. "Before the single-dose, three-in- one vaccine became available almost two million single-strain doses were given to ap proximately 700,000 people.” According to U. S. News & World Report, a borrowing spree is on in this country. We owe $800 billion in public and private debt and it is increasing at the rate of $63 bil lion a year. So a trillion-dollar debt is in sight. it THE CLINTON CHRONICLE Thursday, February1960 Where Will The “Tools” Come From? National Review recently dealt editorially with a proposed revision of the federal tax laws which, among many things.‘would eliminate the capital gaids provision and treat profit from the sale of securities or other holdings as ordinary income for tax *4 Customer Control” Of Education Writing in Nation’s Business, Felix Mor- TriKOUCHWAY TO PROSPERITY purposes. The magazine said: ''The worst feature of the proposed cjiangt would be its almost * ..-.V.# * certain impact on the capital imarket. With the possibility of capital gains eliminated, why would am man Indher to risk his money on a 'growth' opportunity? And who could hope to stay 'even' in an inflationary period? . ‘In Britain there is capital gains tax. In Germany, corporations are allowed tax exemption oh profits that are plowed back into investment. Result: a constant expan sion of. taxable incomes. Will it ever occur to Congress that the best way to increase the U. S. tax take would be to encourage in vestment in profitable tax-paying businesses whose expansion would put more and more potential tax-payers to wx»rk?” It costs around $15,000. on the average, to provide the “tools” needed to create just one job in American industry. The w'ojrk. force increases by millions every, year. Where will jobs come from if investors abe driven away by tax laws which say. in effect. ‘‘You will absorb all losses — while we will take the lion’s share of any profits?" ley says that the decade we have just en tered will prolxibly show much-needed im provement in the quality of upublic educa tion. ThroughouPthe couiitrvl school disci pline is becoming more firm and insruction more exacting. Then he makes this signifi cant observation: "The movement up from educational decadence, it should be empha sized. has not come as a result of federal aid. The effort- to have‘-public, instruction in creasingly financed, and .therefore increas ingly controlled, from Washington continues. But this year it seems more^Teeble. There are no longer any valid arguments for taking the financing of education away from the localities, where the knowledge -of both school necvis and school aceqtnpHshnient is naturally most complete.” Taxpayers everywhere have shown, by t^r vote, that they are willing to put up whatever n>oney is needed for first-class public education. But they are also de manding. in ever increasing numbers, that frills and extravagance be eliminated. Mr. Morley also says. "If funds for the public schools were derived from federal taxation . . there would be no need for county or municipal issues in this field and therefore no customer control over educa tional standards as the Washington bureau crats put their “pet theories into practice. '•‘Customer control”,is essential both to good and fundamental education and to properly- priced education. ~ _ *c *■ Babson Discusses Hedge Against Taxes Babson Park. Mass*. Feb 18 -Tbe wise investor js anxious to hedge against three main handicaps: (1) Inflation. (2> labor leaders, and i31 taxes. Let us con sider. this week hedging against taxes*..- These wiH surely be more senous each year. , NON TAXAB1.F BONDS ♦ All non-taxable bonds are cheaper than they have bee'n for years The "fu’.l faith" Municipals are rated best: but I think that most of the turnpike Revenue Bonds are fairly good at their current prices If you buy them now and later do not like them, you can probably sell them at a profit You need not k^> them until maturity When loaning money on mortgage it is wise to make a fairly low rate of interest, plus your approxi mate income tax Then your mort gage interest will be net Certainly, In the case of rents you should in- Isist that the tenant pay the taxes as I part of the rent This has many ad- MOBt jobs NO INFLATION HIGHER uviNg STANDARDS INCREASED . PRODUCTION NEW PRODUCTS INTERNATIONAL TRADE., .V li! t •ii v Births Beverly Muller, exhibit on "Paper Tickets For Little Moking-r Jimmy Al,xand.T «., f Joumoment i tration plant; Mary Hipp, Ant . . On Sale At PC FRANKLIN TWINS „ . .. , 0 . . House exhibit; Sanimie Wham,. MU . and Mrs. Luther Franklin voltaic cell . Janet Hamer, crystal Tickets for the annual Little Four announce the v brith of twins, a growth; and Eugene Forrester' Basketball tournament, to be held daughter. Sherry Lynn and a son. "From Egg To Egg". ' if th e .Greenville Memorial Audi- Barry Glenn oh February 15 at * torium on February 26-27, are now Hays Hospital. Mrs. Franklin is On WinthrOD ' on sale at the Presbyterian College* the former Viola Lark. - ^ II" athletic department. BONDS Speakers Bureau Athletic Director Frank Jones Mr ami Mrs. Huey Bonds an- Jenny Addisoji of Joanna, and said tournament books of tickets nounce the birth of a daughter, Betty Jane Hamer, of'Clinton, were for .all games sell for $3 and $4 Karen Elaine, on February K) at 1 r^enUy named to the student speak each. The daily price range is $2 Hays Hospital. Before marriage ers bureau at Winthrop College, j and $2.50. and general admission MTs. BonSs was Miss Eunice Pair ! Rock Hill. sales at gametime only are to be terson. Science Fair af Jr. High School Slated March 3-4 l They join Margaret Ann Bolick. SI 30 each. , senior from Clinton, who was pre- Children, including high school [ viously named a member of the students, may buy tickets at half- ! bureau. _ price. The fee for PC students and The 15 members of the group will faculty is $1 per ticxet. ; speak before high school and civic ; groups of the state as representa- 15TH IN SERIES Meet The IK) Faculty Joanna Presbytreians To Hear Jacobs Hugh Jacobs, Clerk of the Session of the First Presbyterian Church of ithis city, will be guest speaker at the FiFst Presbyterian Church at Joana in the absence of the pastor, the Rev. Hugh D. Pollard, who is receiving treatment at the Veterans hospital in Columbia. Mr. Jacobs is a graduate of Pres byterian College and he and his brother, William, own and operate Jacobs Brothers printing company. Participating in the Western ; South Carolina Science Fair stu dents at Clinton Junior High School will hold the local fair on March 3 | and 4th with the parents and pub lic invited Exhibits will be judged and the winners will enter the competition for this section to be held at Fur man University in Greenville. „ Mrs. Alex Crawford is instructor and seventh and eighth grade stu dents submitted papers on their planned entries. Among top rank ing ones were: Nolon Lancaster, project on soil and water conserva tion; Johnny Oakley exhibit on birds of the state; Lee McCall a project on roots, in the soil; Sharon Norris ah exhibit on concrete; Dar rell Orr. “Mysteries of Air Pres sure”; Mena Blalock project on colors; Michael Mtener, steam tur bine model; -Billy Ballard project <jn four ways to achieve a new lives of the South Carolina College for Women. *. At CHRONICLE PUB-. CO. Pbbn* 74 plant. .- Also Kay Trowbridge, "How Pe troleum Products Are Obtained”; "Old i'nglish" beer steins . Salt and Pepper Set '^7 Clever! So Quaint! ''sSr-i- '-•‘f'iKB S So Beautiful! f 4 V? inches tall! ■i '/ >* r— p mix m 'eiveleri BLUE NILE DIAMONDS HILLCREST WATCHB8 AUREL ERWIN Aurel Maner Erwin, associate pro fessor of French serving his sixth year on the Presbyterian College faculty, is an enthusiastic admirer of, the language he teaches and of vantages and is fair to all parties, the French people Of course, there is no way to hedge on |y traveled exten- agamst death taxes" except by giving money away before you die. 11 w ill discuss this later. I DUTIES ON IMPORTED GOODS *•«■» w. »■>»■■ Certain cities, such as Buffalo. offer opportunities to buv foreign goods that are sell- me a. wry to. pnm ia Crrm.a.v. olhrr ^ to countries \ou must stay 48 hours outside th* USA D . * ,0- sively in France and gained a broad knowledge of its literature, music and art; his interest in fine arts generally is a cultural stimulation to PC students. A summa cum laude graduate and are limited to $2ik> in purchases at any one time; but you can make purchases as-often as you wish. This is .the only honest way to avoid import taxes Various other means can be found to save taxes on merchandise These include "sales taxes," which can be avoided most easily by persons living near the borders of certain states There also are allowances which your tax return permits you to make on doc tors bills, medical costs, hospital charges, benevo lent gifts to churches, etc ; also exemptions for cer tain children, and other deductions - You can secure a list of these from your local bank Unlike the Salk vaccine, which contains ___ a killed ix»lio virus, the new vaccine uses’-a live virus weakened below^tbe danger point. Also, unlike the killed vaccine it is taken by mouth. Whereas, three or four injections of killed vaccine are - ^ recommended, the new live-virus vaccine may provide immuni ty for several years v. i*< one dose. These ^ advantages are obvious. Until Government authorities approve^ the new vaccine will not be available and present immunization programs should con tinue, says the Digest article, liut the Florida test may be the final victory in man kind's long war against crippliftg polior + NATION AL FEDERATION OF INDEPENDENT BUSINESS If you are an average businessman as well as an investor, you should at once join the National Fed eration of Independent Business. ^Inc Us headquarters are at Burlington. Calif This assoc 1aban has secured some helpful tax and other legislation from Congress. The mos; helpful man is C. Wilson Harder, president When the federal agents check your income tax payment, they will be absolutely honest as to the mathematics If you have paid too much they will tell you so. just as they would if you had paid too htHe But they will not tell you bow you could have saved tax money It therefore will pay every taxpayer to employ some accountant in his locality to make out his tax return This will save the taxpayer mon ey—the charge will not exceed $25 00 and will perhaps be less Don't be "penny wise *pA pound foolish." WHAT ABOIT DELATH TAXES? These are very hard to avoid if you are married and leave an estate of over $120,040 (if single $60,- 000. ( but the federal tax can be reduced in various ways. It you are. your.g or middle-aged, give a cer tain amount to your heirs every year. You can give S3.000 annually free of tax You are also allowed to give annually from 30*“ to 30^ of your net income to religious, educational, and scientific bodies. Such gifts I make regularly, this is really a joy - . The large investor, however, who misses this "joy of giving" and is trying to be the "richest man in the cemetery" has another means of cutbng death taxes. Certain U. S Government bonds can now be bought at a discount of about or more which will be 'accepted at par in payment of death taxes. Hence, by mvesang in such bonds to an estimated amount of your death taxes, you can save 15% or more by purchasing them now and holding them against your future death taxes. Everyone can hedge against taxes to a certain extent: bm it requires care, though:, pre-planning, and the help of a tax expert Presbyterian College in 1954. He taught both French and Spanish the previous year at Emory University after teaching these languages at Emory Junior College for seven years (1946-53). His earlier ex perience includes teaching at amer High in Macon, at Georgia Military College and at the Admiral Far- ragut Academy of St. Petersburg, Fla. Erwin received his Master’s in French from Duke University in, 1941 and has had additional study at the University of Mexico, the Middlebury Spanish and French Schools, and Naval University in j Quebec. He is single and a native of Ma con Ga. T. Clayte Ray Life of Virginia’s Man-of-Quarter T. CLAYTE RAY Every three months during the year. Life of Virginia hon ors a select number of leading representatives throughout its wide territory of operations. In ition of 1 CLINTON. S. C.. THURSDAY. FEBRUARY IS. I960 Slip (Eltnlmt (Hhrnntrlp EctahUM 1000 July 4. 1880 - WILLIAM WELDON HARRIS — Juw 13, 1955 1 r PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Payable in Advance) Out-of-County Oue Year S3 OR Six Mooths $2.00 One Year $4 00 Second Class Postage Paid at Chnton, S- C. The Chronicle seeks the cooperation of its subscribers and randan — the publisher wiB at all appreciate wise suggestions and kindly advice. The Chronicle wfl pubfah letters of general interest when they are not of a defamatory nature. Anonymous communicatious wiH net be neticed. Tins paper is net responsible for the views or opinions of its Member: South Carolina Proas AMERICAN PRESS ASSOCIATION recognition of outstanding sales and service to policyowners in the Greenwood-Clinton - Joanna area, T. Clayte Ray has been named "Man-of-the-Quarter" of the Greenwood district office. Julian W, White, Greenwood district manager, made the an nouncement today. Mr. Ray, a native of Laurens County, and a resident of Clin ton, joined the company in 1935. He is a charter member of the Laurens Association of Life Underwriters, a member of Broad Street Methodist Church, Clinton Chamber of Commerce and the South Carolina Wild Life Association. Life of Virginia, organized in 1871, is the South’s oldest and one of the nation’s largest life insurance companies. It has been serving the protection needs of South Carolina citizens for 73 years. 301 Grace Si., Greeawoed OR 5-4410 THE LIFE tOOMfMW VIRGINIA 1? DOLLAR MTS Special Groups — Famous Brand * t DRESS SHIRTS SPORT SHIRTS KNIT SHIRTS PAJAMAS Men’s Boys’ Huy one at regular price ind get another of equal value for onl y Florsheim Shoes — as low as S14.80 EXTRA SPECIAL — One Group ASSORTED MERCHANDISE (Slightly Shopworn) Values To 18.95 — NOW $1.00 TIES SOCKS Values To $2.50 v * Values To $1.25 $1 79* 3 for $2.75 V 2 Pairs $1.50 , ONE GROUP 3 Pairs for $1.25 Men’s and Boys’ OS’ Sweaters and Jackets . Va off Large Group Men’s Hats.... $5.00 .. Reg. Value To $8.95 Adair's Men's Shop ENTIRE STOCK FALL SUITS c +s. Regulars • Shorts Reg. $62.50 Reg. $49.95 Reg. $45.00 Longs • Extra I^ongs - NOW $44.95 - NOW $34.95 - NOW $29.95 ONE GROUP SUMMER SUITS » Regulars • Ixmgs Shorts Price ALL SPORT COATS Vz To Vs off i Large Selection SLACKS < - “ Men’s and Boys’ Fall, Winter, Spring and ^ Summer Weights Buy one pair at regular ' price and get another pair of equal value far oaly OTHER SLACKS REDUCED UP TO 49% , Boys’ Department SPECIAL - “Billy. The Kid” JEANS - Reg. 2.98 - $2.59 - 2 for $5.00 Sizes: 6-16 Reg. — Slims — Huskies Reg. $3.50 — NOW $2.98 Heethknit Underwear - Boys’ Tee Shirts-Reg. 79c-Now 3 for $1.99 Briefs - Reg. 69c - Now 3 for $1.50 Boys’ Socks . . . 3 prs. f or $1.00 Value to 55c Adair's Mm's Shop “Per the Maa Who Cares’ X ~Z