The Clinton chronicle. (Clinton, S.C.) 1901-current, May 12, 1960, Image 3
V‘
r, May U, IN*
THE CLINTON CHRONICLE
A
T
Stiom urmond
TO
Li
THE CHICKEN OR THE EGG? '
TTie pressure for spending by the
National Government increases an
nually. In 1958, an all-time record
high of peace-time spending was
made. The $80.69 billion spent that
year rg|ulted also in a record-shat
tering peace-time deficit of $12.42
billion, and put a severe strain on
the Treasury’s borrowing ability.
Public reaction to this spending orgy
caused a mild braking action to be
applied last year and spending was
held to $78.38 billion with the Gov
ernment operating in the black by
a narrow margin.
This year the President’s budget
calls for expenditures of $79.81 bil
lion, an increase of $1.4 billion over
last year. The Administration esti
mates that receipts will increase
a Presidential Section year, coupled
by $3.4 billion. The fact that this is
with the bait of an estimated sur
plus, gives added impetus to the
pressure for increased spending.
The following table gives some ih-
dication of how both national and
state revenues and expenditures
have increased in the past war
years. Gross national product fig
ures are included for comparison.
It is apparent that both receipts
(or taxes) and expenditures, at both
state and national levels, are too
high and are increasing out of pro
portion to gross national product.
The question is—how to reverse the
trend and return to a sound fiscal
program? With taxes at a fixed rate,
receipts will increase with national
product. Experience proves, how
ever, that lower taxes are the best
stimuli for Gross National Product.
For example, the largest increase
ih Gross National Product (8%) in
peacetime followed the tax reduction
in 1954
The usual approach to economy is
to attempt to reduce expenses in or
der to be able to reduce taxes. So
far, as the table shows, this ap
proach has been notably unsuccess
ful.
Professor C. Northcote Parkinson,
a noted political scientist at the Uni
versity of Illinois, in his recent book,
“The Law and the Profits/ 'raised
the pertinent question which might
be phrased—which came first, the
chicken or the egg? In the book,
Prof. Parkinson expounds and ex
plains his second law of political sci
ence—“expenditures rise to meet in
come.” If this be true, the correct
approach is to reduce taxes sd'that
expenditures must follow to the ex
tent that additional revenues from
the resulting increase in Gross Na-
tiona (Product do not make up the
difference. .
This approach has been adopted
in the Herlong-Baker bills dn the
House? These 1 bills would reduce
taxes gradually and systematically
over a five-year period. The sched
uled reductions could be postponed
for one year only if it appeared that
an operating deficit was imminent
(or in the event of war).
Congress would be highly reluc
tant to spend itself into a deficit if
it meant a scheduled tax reduction
would, thereby be postponed, for the
wrath of the aroused public would
be vent on the Representatives and
Senators. This “new approach” lends
itself to reason, and should be given
serious consideration by Congress.
Perhaps we’ve had the cart before
the horse al Ithe time.
PUBLIC RECORDS
less, on road running from Sandy
Springs to Whitmire for $2^00.00.
Ruby Woodruff Arnold to Tom
Plaxko. lot of land lying and being
on the north side of West Main St.,
Clinton, for $10.00 and other valu
able considerations.
J. T. Powers to Sara B. Powers,
2 acres, more or less, on the Lau-
rens-Lisbon road, for love and affec
tion.
a nee, to Helen S. Anderson and Jack
W. Anderson, Individually in their
own right as tenants in common,
lots on North Broad St.. Clinton, for
love and affection and the sum of
$10.00.
William D. Alexander and Elaine
H. Alexander to Mrs. Sarah O. Shel-1
nut. lot on Locust St, Clinton, for
$10 00£and other valuable considera
tions. *
Robert A. Dobson and G. B. Nalley A E. Holton to Gladys S. Boland
to Real Estate Fund, Inc., 7.31 acres and J. V. Stilwell, Sr., lots in Water-1
morq or (less, in the City of Laurens loo Township. Laurens County, for
0.00 and other valuable consid
$912 00. ..
S. H. Coker t<| Trustees of Cedar
Grove Baptist ChWrch, 82 of an acre
ITEM
1946
%
Net Receipts, National Government
ExpenAtures, National Government
(Billions)
(Billions)
lac.
316.0
478.8
51.5
38.568
73.282
90.
41.080
80.322
95.5
12.357
41.219*
233.
11.028
44.815*
306.
*1958 expenditures used are latest figures available
erations.
Ruby Lee Spelts to Norman Mc-
Glohon. 3 r acres three miles north- in Youngs Township, Laurens Coun
east of Joanna for $400.00. ty, for and in consideration of $1.00
Mary Lee Anderson to Mary Joe Eileene P. Bolt to Harry Kocos
E. Worth, three lots on East River and Bill Conits, lots on By-Pass U.
St. for $600.00. - S 76, for $10 00 and other eonsidera-
Mary Lee Anderson'to Robert M. Dons.
Erwin, Jr . two lots bn East River William A Vaugh and Allen E
St. for $400.00 - Vaughn to Harry Kocos and Bill Co-
Mrs. Nora Kuykendall Queen to n its. lot on By-Pass U S Highway
Charles Kenneth Kuykendall and 76, for $20,000.00.
Frances Roper Kuykendall, tract of Edward D. Steele and Edith T
land n , C i r . C r° S !, R ° adS Steele, to Otis T King, lot on Sim
mons St., Watts Mill village, for
for $10.00 and other valuable con-
PROPERTY TRANSFERS
Sam Bramlett, Jr., to R. A. Stod
dard, y« of an acre, more or less,
near the town of Owing* for $10.00
and other valuable considerations.
Mack C. Harris to Lucius Byrd
and Louella Byrd, 36 acres, more or
sideratiens
Machen H. Monroe to W. R. Mc-
Ninch and Mary W. McNinch, 80
acres, more or less, in Laurens
Township for $5,188.50 and assump
tion of mortgage.
Harold R. Morgan to William F.
King, 2 30 acres, more or less, about
two miles from Waterloo for $1,000.
David W. Woods and Louise I.
Woods to Herbert G. Merritt, 12V4
acres, more or less, in Dials Town
ship just outside of Fountain Inn,
for $3,500 00 1
C. D. Gray to Mrs. Corrie Gwinn,
1 acre, more or less, in Sullivan’s
Township, Laurens County, for $250.
Helen S. Anderson and Jack W.
Anderson, trading as partners under
the firm name of Anderson Appli-
$10.00 and other valuable considera
tions.
Maxcy Hood Templeton to Maxcy
Hood Templeton and Mildred W
Templeton, 1 acre, more or less, on
county road off U. S.,Highway 221,
for $10 00, love and affection.
Joe H. Bonds to Selden Ray Pet
tit and Doris Jean Pettit, lot on Dag-
nall Cidcle, for $10.00 and other
valuable considerations.
MARRIAGE LICENSES ISSUED
Robert Lee Barksdale, Gray
Court, and Nancy Ree Ray, Gray
Court. *
Theodore Allen Sims, Fountain
Inn, and Sarah Belle Bryson, Lau
rens .
Clarence Ellison Roberts, Jr,
Clinton, and Mary Joyce Faulk,
Clinton.
Willie Williams, Laurens, and
Mary Johnson, Laurens.
New* From
The County Agent
M. L. OLTZ, County Agent
Agricultural workers, along with
fertilizer and machinery dealers,
met at the Agricultural Building on
Thursday, April 28, to plan an ag
ricultural tour of Laurens County
The tour is scheduh-d for May 19
starting at 1:00 p m , and will in
clude something of interest to every
farmer in the county Mark the 19th
on your calendar and plan to at
tend.
I^ast ^mmer we gave two demon
strations on smut control in barley.
One of these demonstrations was on
the farm of John Sihimons of Mount-
Gus Ramage. Kinards I saw Mr
Ramage's barley April 29 and could
ville and the other on the farm of
not find the first head of smut. The
method of treating is very inexpen
sive and works We’Jl see this barley
on our tour
Furman Ott of Laurens, planted
four acres of grapes this spring,
most of which are living and grow -
ing off He is putting in posts and
plans to use the two wire system in
farming his vineyard.
Word comes from Bill Barker,
Extension Forester, that pine trees
are dying in some areas. He states
the cause is from strangulation.
I When the pines were put in the roots
were twisted around each other to
the point that strangulation occur
red.
Carolina Milling Company has
built a modern poultry farm Com
plete plans were laid out with plan
for future expansion Anyone inter
ested should go by for a look
Fred and Rufus Wood, of the
Greenpond community, are planning
toconstruct another silo this sum
mer. They are putting up small
grain for silage this spring and
planting sorghum and soybeans to
put up later this summer.
The recent ram should bring op all
crops I believe cotton planting has
been completed and other crops are
going m We are ahead of last year
The oat crop looks a little abort;
wheat, however, looks good.
, j""***
YESTERDAY'S MEDICINE,
TODAY’S COW FEED
A short time ago. people thought blackurar molamm
was effective treatment for anemia and rheumatnm.
Today we know better We wouldn't think of relying
on home remedies when we have so many faM-
acting, reliable modem medications available to m.
But remember- most medicines should he taken anty
upon the advice of your physician TV next
you re not feeling up to par, see your doetor fine
Then, if he orders medication, come to jS 'o» «fuwli(y
prescription service.
HOWARD’S PHARMACY
PHONE 101
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