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v THE CLINTON CHRONICLE V, / , •' /( ' t Thursday, February 25,1960 A Feeling Of Uneasiness The 50*8 have ended. And. a-s usual, there has been a flood of historical and an alytical accounts of what happened during that remarkable era. Most of these have one thing ih common —a recital of economic advances that were tremendous by any standard of'measure ment. and perhaps unprecedented. Everf so. as Reiman Mdrin of the Associated Press re ports. there is a feeling of uneasiness among millions of Americans. Why should this be the case, in the light of all the countless material gains the 50’s brought us? Two statements Mr. Morin quotes may help to answer that question. Ihr. ('hades Frankel, a professor .of phi losophy sociology says: “Our society has met many great challenges and quite successfully in oth<$p years. But today it is drifting and has no sense of purpose.” George F. Kennan, who, in the course of a varied career, .has been our Ambassa, dor to Russia and is regarded by many as the foremost U. S.^expert on Soviet affairs;— u ' says: ‘if you ask' me. as an historian, let us say, whether a country in the state this country is in today, with no highly developed sense of national purpose, with the over whelming accent of life on personal com fort and amusement ... IT you ask me whether such country has, over the long run. good chances of "competing with a pur poseful. serious and disciplined society such as that of the Soviet Union. I must say that the answer is No’.” The good life does not just consist of “things.” The good life involves character, decision, fortitude, the willingness to sacri fice when sacrifice is needed in the common cause. No matter how rich a nation may be come, if its people fall into the pit of lazy complacency, if their values are restricted / News Of Potentialities Unlimited J. Russell Duncan, president of the Minn- eapolis-Moline Company, a leading producer of mechanized farm equipment, has made some interesting proposals concerning the The sha<1 y Grov « vexing farm surplus problem. < ^ ^ . - u u ^ a * 7:00. The invocation was giv- For one thing, he says, there should be; . . _ _ Shouse and Mrs. Robert Franklin 4 BIRTH ANNOUNCEMENTS D 1 ■ ^ 4 Born Mr - an< * MrS Ra, P® 1 C °l* tSonQS Cross Roads . lins on February 17 a son, Shawn —— 1 Lowell. Mrs. Collins ^ before mar- The Shady Grove Community r ' a K e was Theia Ann Saunders of 1 Statesville,’N. C. Mr. and Mrs. Col lins have another son. Dewey. on by James Evans The group en. Born ^ Mr arxl Mrs Ringer an extensive research program designed to iovo< j covered dish snnner *wfter ^ u. o ^ , , , v , . . ... J° yea 3 roverea aisn supper, .yter on jebruary 18. a daughter, Sandra develop new uses for tami products in cloth- supper the club held the annual bus- F ave . Mrs Ringer is at the home ing, plastics, chemicals and so on. is virtually iwss meeting, which was called to 0 f j ier parents, Mr.'and Mrs. Robert untouched, and the potentialities are almost ‘ >rder b > Jo ° McQmrt. retiring Franklin Mr. and Mrs. Ringer have unlimited. Earl Johnson, treasurer, gave his For another thing, he goes on. we should erport. Officers were elated for be far more active, far more aggressive, in next - vt>ar as follow's: President, Joe -"imr fan,, product., to other nation,. American farmer is the lowest cost agricul- Johnson SecreUry, Mrs. Newman tural producer in the •world,, despite high Shouse; Assistant Secretary, Mrs. American jyages. So ^lr. Duncan urges Earl J l ohns °r The o{ cor » tro1 then elected. The governing* was xvages. so -Air. uuncan urges that the sale M farm products be promoted i^" rd ' wil , ^ composwl of James in times of surplus with the,‘‘same ingenuity>P. Johnson. B. W. Cooper, N. A. of pricing and merchandising” as. shown Sbouse, Mrs James Evans, Mrs. bv the automobile industry when it is faced ^ , . Quirt, and Mrs. J. C. Nabors. The with overproduction. program committee was appointed There will be differences of opinion as as follows: Mrs. James P. Johnson. just how to go about such a program ]^ l} ^ 1 urtis 0swalt and Mrs - Earl as this. But. administrative details to one J SS for the supper were Mrs. side, something like it will have to be under- Stanley Howard and daughters, taken, and soon, if order is to take tjie place Donna and Joye, of Clinton, and of an incrediblv expensive chaos in American ?*”• J o si e Locklear arK j son of farm production and surpluses. YOUNG PEOPLE ENJOY ICE SKATING On Saturday evening thirty-five young people of the Pentecostal Holiness Church boarded a Joanrta Foundation bus and motored to ; Greenville for an evening of ice skating Adult chaperones were Mrs. Lester Braswell and Mrs. twin daughters, Linda and Brenda. 6 years of age. HONORED AT FAMILY DINNER On Sunday, February 21! Mr and Mrs Tillman Crapps honored their son and daughter-in-law, Mr. -and Mrs. Phil Crapps, with a family dinner. Phil will leave soon for Ger many. Babson Discusses Hedging Against Labor Leaders more and more to the purely material, then *that nation is doomed to ultimate destruc tion. The Shrinking DoHar The Chamber of Commerce of the United States reports that the American dollar is worth less today than at any time in history. During the current century alone, now just started on its sixtieth year, the purchasing power of that dollar has dropped from 100 ents to 20 cents — a loss of almost three juarters. And the value of savings, pensions ind insurance hits dropped accordingly—as treat numbers »>f people who must .live in vhok* or in part on fixed incomes have earned the hard way. We can’t change what has happened in he past. But we can learn from it. and make m honest effort to keep the dollar’s worth rom sliding still further down the hill. For nstance. the Chaml>er calls upon Congress, n the current session, to keep the highway •rogram on a pay-as-you-go basis; to oppose nflationary increases in the minimum wage; o remove artificial restrictions on the inter- st rate of government lionds; to avoid waste- ul defense spending: and to eliminate un- lecessary spending for public works, de- >ressed areas, community facilities, veter- ns’ benefits', and airport construction. This all is based on the inescapable fact that the freatest single force back of inflation -is runken-sailor federal spending. Naturally enough, there will- be a wide ifference of opinion over the details of such program. But. those aside, something dras- ic must be done, and done soon, if the dol- ar’s worth dot's not become 15 cents, 10 ents, 5 cents and. ultimately zero. B«K*r W. Rabton The New York Mirror sent an investiga- or to a camp where convicted juvenile de- inquents live and work out their terms, nterviews with these boys produced three teps which, accord in.' to them, would have :ept them out of trouble: 1. Firm and air discipline regarding habits, hours and riends. 2. A (happy home of which they re a respected part, and into which they an proudly bring their friends. 3.- Instruc- r ion in how to make a living and get along ,ith other people — that is, preparation for he basic economic relationships of adult fe. Eaton, Ohio, Register-Herald: “The ional Safety Council has asked for iadership ... to point out that acordent pre- ention is practical religion, and that good- .’il^ toward men can find no finer expres- ion than behind the wheel of a car.” Babson Park. Mass.. Feb 25—In previous columns C i yde Bledsoe. They were accom- 1 discussed bodging against inflation. I said that pail ied by Mrs. Margaret Berry, the best 'hedge - ' is land:—that the government can Mrs. Maggie Marshall, Mr. and print more bonds; that corporations can print more M rs. L A. Marshall. Mr. Marshall stocks: but that only God can make more land. This W as the driver, means that as population increases, as woodland TTie young people financed the grows, or as more mineraLs, oil, gas, etc., are discov- 'trip by the sate of small hammers ered. properly located land will increase in price as with screw driver handle, inflation increases. 4-H CLUB MEET S mVst rf paid On Monday afternoon the Shady TAXES MIST BE PAID . Grove 4-H Club met at the club Of course, either the corporation owning the land house. Girls received certificates or the investor must pay the annual trfxes. As invest-, f or wor h done year ^ a ! ors do not like to do this, even in th^| onstration on sewing boxes was giv- case of orange groves, then it is ^ by Miss Myrtice Taylor. Boys better to buy stock in a corporation discussed projects. A number sign like Minute Maid, which will pay ed for chickens to raise, the taxes and which, when fruit Refreshments for the afternoon is plentiful and sates are good, can were furnished by Mrs. Newman also pay a dividend on the stock., — Taxes, however, must be paid by someone and taxes are sure to slow ly increase each year. Big companies like the Weyer- u haeuser Company (largest timber owner in the U S.) do this by selling lumber, cor rugated paper, and containers of all kinds through their manufacturing divisions. Even the great owners, of woodlands are subject to strikes in their manufac turing divisions, but the timber continues to grow while the labor is on strike The steel, iron, and coal supply, however, does not increase when a big steel strike is on WAGES WILL CONTINUE TO RISE I have recently been reading an economic History of England The frightful long hours and low wages of the coal miners of 150 years ago seem almq^t unbe lievable Eveii little children were obliged to work in the mines for a few cents per day. The coal miners have been forced to continual struggle during these 150 years up to the present time The same is true of the wage workers of most every great industry Investors must not think that labor troubles will be over After securing the highest wage that the traffic, w ill stand and the shortest practicable working hours, labor leaders will fight for representation on boads of directors and ultimate government ownership. Only- competition from European and Asiah countries can check price increases or higher tariffs High tariffs work for a while but ultimately will ••kill the goose that lays the golden eggs.” WISE INVESTORS WATCH LABOR LEADERS Some industries are more vulnerable to labor trou bles than others. This means that investors should constantly watch the labor trends and switch their investments from the more vulnerable industries such as the steel, coal, motor, electrical, railroads, bus companies, etc , into less dangerous ones where la bor is not yet in such a powerful position that it does not care whether or not stockholders get any divi dends. Moreover, remember that Congress will vote to help labor, whether or not their claims are just. The labor leaders find it most difficult to organize the more intleligent workers, especially sates forces working on a commission; also merchandising com-: panics—such as variety chains—where there is a large turnover among the sates clerks TTiis now applies also to drug stores « BE PREPARED TO SWITCH Insurance companies' may temporarily be free from labor troubles. The^ insurance premiums would continue to be paid- into the home office whether or not a strike should'occur. Settlement of claims would be delayed until the State Insurance Commission forced an agreement and granted higher rates to off set any wage increase. The same protection could ap ply to the owners of bank stocks. Thepe will always be some group of stocks that be least subject to dangerous labor demands;: groups may, however, change from time to time.' There are always some stocks which, for a time,, are freest from labor troubles; but to hedge against such troubles investors should constantly be willing to switch out of one stock into another. This means that wise investors will employ an experienced investment i counselor to watch these changes or else will invest money in Mutual Funds which do not have to fear legislation Mrs. Ralph Collins has return ed to her home n?ar Bonds Cross Roads. Mr. Collins was home for the week-end from his \y6rk in Dur ham, N. C. Pvt. Ronald McQuirt visited his parents the past week-end. Mrs. Maude Nabors has returned home after being in Charleston a few days. Mrs. Maude Sober of Newberry, was the guest of her sister, Mrs. Guy Miller, on Sunday. - BROTHERHOOD ORGANIZED On Tuesday evening at 7:30 the men of Fairview Baptist Church met to organize the Brotherhood. WOMAN’S SOCIETY TO MEET Thursday evening February 25 at 7:30 the FSirview Woman's Mission ary Society will meet at the home of Mrs. Newman Shouse. The pro gram will be on Panama. Mrs. Fel ton Crapps is program chairman HD CLUB TO MEET Tuesday, March 1 at 3:30 the Shady Grove Home Demonstration club will meet at the Community Club house. All members are urged to be present and anyone inter ested is invited to join. * * ♦ Attend a church of the community on Sunday. Mrs. Doisy Thomas Laurens — Mrs. Daisy Tollison Thomas, 64, of 1300 South Harper St., died Sunday morning in Lynch burg, Va., after an illness of sev eral years. She had been a patient in a hos pital in Bethesda, Md.. and was re turning to her home in Laurens when she was stricken in the Vir ginia city. A native of Laurens County, she was the daughter of the late James Edward and Viola Fisher Tolison. l She was a member of the First | Baptist Church. Survivors include two sons, Clar ence Edward Thomas and Raymond Thomas, both of Laurens; three brothers, Clyarence E. and Ernest L. Tollison of Laurens J and William C. Tollison of San Diego, Calf, four sisters, Mrs. C. F. Brookshire of Easley; Mrs. Frank Deason and Mrs. Henry Deason of McCormick; and Mrs. W. R. Springer of Lau rens. Funeral services were conducted Tueslay.-at 11:00 a. m. at Kennedy Mortuary hy Dr. Robert S. Cooper. Burial was in Forest Lawn ceme tery. f NEED CASH FOR TAXES? SEE CASH TO YOU MONTHLY PAYMENT^PLAN $ 50 6 @ $12.00 . $ 75 . 9 @ $12.00 $100 12 @ $12.00 The above payments include ALL charges including life insurance. Larger loans arranged on similar monthly payment plan. 110 PITTS ST. CLINTON, S. C. SAM SEAWRIGHT, Mgr. — PH: 1943 IF TOO DON'T READ THE CHRONICLE YOU DO NT GET THE NEWS PHONE 74 CHEERY . . . WARM-AS-TOAST WINTERS CAN BE YOURS If You Insulate and Weatherstrip Y’our Home Enjoy freedom from cold drafts and save on fuel bills. Home insulation pays for itself in fuel savings, in increased comfort—more than you can measure in dollars and cents. * SMALL MONTHLY PAYMENTS —Roofing —Siding —Sheet Metal Work —Gutters —Downspouts —Metal Vents —Cy-Craft Fences —Aluminum Awnings —Bonded Built Up and Tar and Gravel Roofs For Free Estimates — Call or Write J. A. SMITH, JR. P.O.Box 144 CLINTON, S.C. Phone 967-J —Representing— AUGUSTA ROOFING & METAL WORKS, Inc. AUGUSTA, GA. sjewele, BLUE NILE DIAMONDS HILLCREST WATCHES BUY FIRST PAY SAVE FIRST. Of course, you're money ahead when you save financing charges and interest by paying cash ior you bigger purchases. So, a lot of people save here before they buy. No debts. No worries A convenient amount opens your account here. It's insured to $10,000, and earns you a good return. Classes With The JEFFERSON SCHOOL OF COMMERCE Wil Begis Eehraary 25 * FREE PLACEMENT SERVICE TO GRADUATES CL1NTON, S. ( ., THURSDAY. FEBRUARY 25, 1966 CURRENT DIVIDEND RATE -* t V , •’ •/’••• (Illtntnn (Etfromrlr EsUbUAed 19M July 4, 1889 — WILLIAM WILSON HARRIS - Jane 13. 1955 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Payable in Advance) One Year $3.00, Six Months $2.00 Out-of-County .... One Year $4.00 Second Class Postage Paid at Clinton, S. C. 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 publish 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. « Member: South Carolina Press Association. National Editorial Association ^ . National AMERICAN PRESS ASSOCIATION ...... New York. Chicago, Detroit, Philadelphia COMPOUNDED SEMI ANNUALLY 41 CITIZENS % » FEDERAL SAVINGS . AND LOAN ASSOCIATION A Clinton Institution Serving Clinton Ptopfr NA • FINAL ENROLLMENT- FEB. 25 t * Classes will begin at 7 pi. m. Feb. 25 on the second floor of the Jacobs building in Clinton. These classes were delayed from Feb. 18 in order to complete remodeling and pointing of the classrooms. No students can be accepted after opening night. For Furthar Information Telephone Clinton 243 CLIP ami MAIL THIS COUPON TODAY Your Tuition Can Be Financed Mr. James Barr, Registrar Jefferson School of Commerce P. O. Box 422, Clinton, a C. % Professional Training Program you plan to open m the Laurens- Clinton area. $ . . ' Name * * St. Address . £ , , „„ • City State Phone If Rural Resident List Directions