University of South Carolina Libraries
T i ,A THE CLINTON CHRONICLE Patience Can Be A Vice It is no <louM gratifying that tht 1 UN Se- curity Council threw out the Soviet demand that it officially call Uncle Sam a bad name for admitting that t*he high-flying U-2 that got caught 1.300 miles inside the world's largest prison camp was Iteitig nosy. And, perhaps the seven-to-two vote, in which only Poland voted with Stepmother Russia while Ceylon and Tunisia wistfully abstained, is a tribute to the theatrical presentation by US Ambassador Lodge of that bugged replica of the Great Seal of the United States that had been placed over the desk of our ambassador iti Moscow by the ever-thoughtful Russians. This dramatic incident recalls to us, how ever. that when the US Embassay was built, it was widely reported /that the Russian builder.^ had thoroughly equipped the whole building with microphones connected with a Soviet listening ]>ost. The Russians, of course. < forbade the representatives of the American j>eople who were paying for the embassy, to inspect it during construction. Thus it seems rather too bad we have waited so long to make an issue of this par ticular bit of Red spying. Had we only told the Russians at that time to keep the em bassy since we wouldn’t Ik? needing it. think what we would have been spared! Nor would we look quite so foolish today. t Toward Sweetness And Light Florida's Governor Leroy Collins has been named chairman of the Democratic Na tional Convention, and Idaho’s Senator Frank Church chosen as keynoter, these selections! being made, it is said, in an effort to en hance fraternal feeling among Northern in- Lgrationists and Southern segregationists. Governor Collins has been widely describ ed as a middle-of-the-roader—which is one of those .people who, if he has any convic tions. is unwilling to reveal them. Senator Church has been a consistent voter for big spending./big government and whatever La- l»or wanted—in startling contrast to the rec ords of Senators 'Byrd. Lausche, Robertson, Thurmond, Eastland, Frear and 73 others in descending order. The prospect of harmony would not seem greatly improved. Where Crime Doesn , t Pay Banditry can l>e controlled — by aggres sive. determined cooperation beteen the law enforcement authorities and interested en terprises. If you doubt that, a remarkable record that has been set in Philadelphia may change your view. Eleven years ago a team of bandits made a career of holding up the managers of a chain system. They pulled 17 jobs in a row. In the last, a police officer was shot and killed. That shot marked the beginning of a non stop counter-offensive by the store organiza tion and l(Kal law enforcement Ixklios. no tably the Philadelphia Police Department. Since the offensive started, there have )»een holdups—an<i every participant, save for two murder defendants yet to be tried. ha< l**en sentenced to prison! There hasn’t l>een a single acquittal. The prison terms meted <*ut amounted to a total minimum of 361 \ear> and three months and to a total maxi mum of 996 years and 11 months. As a result of that record, there have lieen n«> holdups in the past two years. The crooks ha\e learned that, in this case, crime doesn’t pay. And what has ueen accomplished in Philadelphia can Ik? duplicated everywhere through the same kind of cix>peration. Y r j The Power Of Advertising As a young man. George Romney, now one of our l*est known industrialists, went from Utah to Washington. D. C., to seek his fortune. What happened is told in a Harper’s liook. “The Story of George Romney” by Tom Mahoney which is being hailed by re viewers as one <<f the best recent business * biographies. (hie morning. George noticed a male-help wanted advertisement in a newspaper. It simply said "stenographer” at a room in the Senate Office Building. Out of a hundred candidates, he landed the job working for the late Senator David L. Walsh of Mass achusetts. This started a career which a few years ago made him head of American Mo tors Corp- With such an incident in his background, it is natural for George Romney to be in terested in newspaper advertising. In fact, he is so interested that his company spends a larger share of its advertising money in newspapers than any other automobile man ufacturer. As those who follow the financial j>ages know, the results have been very hap py fur him. "The outstanding success story — in fact the only automotive success story of 1958— was that of American Motors,” noted Editor & Publisher, the trade magazine. It spent about $4,300,000, more than two-thirds of its advertising budget in newspapers. The company was the qnly one with greater sales than the previous year and had profits of $26,000,000. I^ast year Romney’s company spent $8,- 507,433 in newspapers, virtually double the year l>efore, and had profits of $60,000,000. Babson Discusses Preparing For Further “Colder” War BahsoakPark. Mass . June 2—My ideas on the in ternational situation have been covered in the last two weeks. 1 especially refer to the reaction of other coun tries to the U-2 spy incident—particularly those coun tries in which we have bast's—and ’he subsequent col lapse of the Summit Conference 1 now want to sug- se't uhat conservative investors will take into con- sideration in preparing for a continued cold—and per haps a ’colder''—war between Russia anti the United States WHAT SIKH l.l) BE DONE \B(>n EQUITIES With few exceptions, most investors will think it risky to buy equities at this time Money in the bank I will appear to them better just now than stocks or possibly undeveloped real estate It looks as if Mr. Krus- chev may be calling a turn in the bull market It is a good time to take advice from some banker or an investment counselor in whom you have faith. Sensible people will not get panicky and rush either to buy or sell stocks but will play safe to avoid unnecessary worry There will ®* r * r he no war this year Bonds may be a good purcha'e—at least they will give good security, perhaps better than good stocks w.U give Of course, some people will advise against buying bond' for fear of inflation However. 1 believe that inflation has been anticipated for U)e time being by the considerable discount at which bonds are sell :ng This discount has primarily been due to the In crease in money rate> These higher money rates, nowever. have been largely offset by the discount at which many good bond' are selling If you have any doubts, compare their current yields with the yields on good stocks ^ % \ EEW BOND I1J.I >TR\T10NS American Telephone and Telegraph Co 2ST coo pun due PWtf These are selling around 72 and yielding about 3 65' < Chicago. Rock Island and Pacific Railroad SH cup pun due 1980 Theje are selling around 75 and yielding about 3 80 '. Northern Pacific Railroad Company coupon due 2047 These are selling around 60 and yielding 5 00““ Commonwealth Edison Company 2’» coupon due 2001 These are selling around 70 and yielding 4.W*. Cleveland Electric Illuminating Company 2»« r 'r coupon due in 1985 Thev are 'ellmg around 71 and > ielding about 3 85 r i. The above examples include the leading telephone company, two railroad companies and two excellent utility companies Personally. I would rather buy the bonds of an electric power company which serves smaller com munities than one which is primarily located in a large city that might be bombed in case of World War 111 As investors usually buy bonds to keep for a considerable length of time, it is well to give some consideration to the possibility that World War III coud start before most good bonds mature OTHER ATTRACTIVE CONSIDERATIONS The properties of the telephone company, and also of certain railroads, are so well diversified over large areas, and in many chses own such valuable mineral and oil rights, that they should be attractive possi- bilities for investment Even if their terminals were temporarily disrupted, or even destroyed, they would be quickly restored. Hence, I again cite the American Telephone and Telegraph and the Northern Pacific bonds as offering excellent security and add as fur ther impartial exatnples a number of other railroad and utility issues These are listed according to Moody's rating, by which most banks rate their bonds All are selling at substantial discounts from par: College Commencement (Contmuedf rom pa?? one) dale, N. Y.; Roger C. Sumner. Asheville. N. C\; Barry K Gray and Joseph L Pickard, of Char lotte. N. C\; Eugene L. McKethan. Jr , Fayetteville,' N .C.; Stack A Coker. Glade Valley, N. C.; Alan R. McKie, Alexandria. Ya ; and Harry R Hoffman, Jr., of Philadel phia, Pa. Bachelor Of Science Degrees Sidney M Farcss and John H Wittschen, Jr., both of Charleston; William P. Chastain, Central; Miss Eleanor Hudgens, Clinton; John E Jackson. Clover; William P. Beck man, Jr., Columbia. Arthur O. Smith. Conway; Claude A. Vaughn. Jr . Darlington; William M. Hagood, III. Easley; Charles L. Ford, Georgetown; James H. Tindal. Greenville; .Alva V Hardin. Jr., Greenwood; Mitchell L Flynn, Carl N. Gibson. Edward W. Mayfield, Jack V Taylor, and Richard H. Wood., Jr., all of Greer; Roscoe Lindsay. Jr.. Marion; Lonnie A Love, McColl; Rayburn C. Stovall. Mullins. Jesse E Johnston, Jr , and John V. Workman, both of Newberry; John E Gossett. Jr . Pauline: Fran cis L. Richbourg, Pinewood; Carl L. Latham. Jr . and James Edward Marshall. Ill, both of Rock Hill; Medford Hockstroh, Spartanburg; and James W Glenn. Jr., Summer ville Donald H Segrest, Tuskegce. Ala ; Ronald P Wright. Augusta. Ga.; Charles C. Lindner, and Victo: G. Verdic. both of Decatur. Ga.; Robert L. Bean, Jr., .VTarietta, Ga.; James S. Binder. Thomasvtlle, Ga.; Jamej 1. Bennett, Ludoivici. Ga.; Benjamin L Donaldson, Black shear, Ga ; Robert G. Jobson. At lanta. Ga.; Donald V Clark. Macon. Ga ; and Melvin H. Sloan, Moul trie. Ga ; Ralph A Chambers, Chi cago, 111.; Robert F. Stratton. Law- renceburg. Ky.; George N. Barnett, James H Bradford, and John Greer, Jr., all of Charlotte. Alvis B Carr, Jr., and Matthew M Smith. Jr., both of Fayetteville, N. C.; Johnny B. Granger, Jr., Lexington, N. C.; and Williamson N. W allace. Jr., Mooresville, N. C.; Nak H. Sohn, Seoul. Korea. Five PC Faculty Members Receive Grants For Study Five Presbyterian College faculty members have received grants and fellowships for additional study in the months ahead. Academic Dean George C. Bellingrath announced to day Three grants are for summer work under the sponsorship of the National Science Foundation, while two teaching fellowships lead to ward doctorates Taking off this summer for fur ther study under the Science Foun dation sponsorship are: S Taylor Martin, associate pro fessor of mathematics, who will at tend the Summer Institute of Mathe- i matics for college teachers at Stan- for University. Juqe 19-August 1. Robert A. McIntyre, associate pro fessor of biology, who is one of 40 college teachers to qualify for the Summer Institute of Genetics for college teachers being held at North Carolina State on June 14-July 21. And Dr. K. Nolon Carter, profes sor of chemistry, to attend a con ference on chromatography at Pur due University on July 11-23. Two Presbyterian College profes sors, meanwhile, plan to resume work toward their doctorates next fall with the aid of teaching fellow ships. Andrew S. Howard. PC alumnus who has served as assistant pro fessor of mathematics since 1957, will enter Florida State University for continued study In physics and estronomy Jack D. Durant, instructor in Eng lish for the past two years, will re turn to the University of Tennessee for additional work in the field of English. Little Infant Laurens — Frank Blanton Little, I two-day-old son of Mr. and Mrs. Charles D. Little of Rt 3, Laurens, Thursday, June 2, 1960 died last Wednesday night in a hos pital in Greenwood Besides his parents surviving are one brother. George Michael Little a one sister. Patricia Jean Little; Uk paternal grandparents. Mr. and Mrs. R D. Little of Harvest. Ala.; and his maternal grandparents, Mr and Mrs. I. IV Jones of Laurens. * Graveside services were conducted Friday at 11:00 a m at Forest Lawn cemetery by the Rev. Chalmers F. McCutchen. OFFICE SUPPLIES CHRONICLE PUB. CO. PHONE 74 tc s C mm n z t 3 X a. o > American Tel, & Tel 2-Vs of 1986 AAA 72 3 657c 111. Bell Tel. 2\s of 1981 AAA 76 3 627c Sacony Vacuum 245 of 1976 AAA 78 3.217c Sou. Bell Tel 2 : )«s of 1985 AAA 73 3.77% Virginian Railway 3s of 1995 AAA 73 4.117c Metro. Edison 2Vs of 1974 AA 76 3.78% Niagara Mohawk Power of 1980 AA 75 3.677c Northern States Power 2 v «s of 1977 .AA 75 3.50% Ohio Edison 2 3 4S of 1975 AA 78 3.53% Pacific Gas & Elec of 1981 AA 75 3 67% Cities Sen ice 3s of 1977 A 80 3 757c Sou. Pacific 3s of 1996 A 59 4.667c Northern Pacific 3s of 2047 BB 60 5.00% CLINTON, S. C., THURSDAY. JUNE 2. 1960 (Utir (Elintmt (Hhrnnirlp EstablUed 1900 July 4, 1889 - WILLIAM WILSON HARRIS — June 13, 1955 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Payable in Advance) Out-of-County One Year $3 00, Six Months $2.00 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 AMERICAN PRESS ASSOCIATION . Now York. Chicago. Detroit, Philadelphia NORGE NEVER FROSTS! FREES YOU OF AU. DEFROSTING! ten'll never defrost agaia- net even the giant freezer! Swing *N Serve Shelves ^(Refrigerated Meat Keeper ^Quick-Cject Ice Server Zero-Degree Freerer- 148 3 lbs. capacity Prather-Simpson Furniture Co. Clinton Phone 67 Enjoy two extra poychocks oyoar.ee Bring (in accumulated fund* and atert earning our abort-average dividends paid twice yearly. Luck baa a habit of favoring those who don't depend on it Invest whoa sav ings earn regardless of luck... or market upt and down*. Remember, fund* invested here are not subject to fee* or commissions. Open your investment savings account soon! (URKENT DIVIDEND RATE 47, 0 COMPOUNDED SEMI-ANNUALLY CITIZENS # FEDERAL SAVINGS AND LOAN ASSOCIATION A Clinton Inst It at ion Serving Clinton People Sine* IMP ■ * at* HUGH A. BEASLEY IS FAIR The present solicitor has injected into this campaign his reeprd as to percentage of cases won. His Presentation is NOT a True Picture! The present Solicitor? NO! * Actual Records Show The Record Of Beasley Is Better By Far! The Laurens County Record THE SOLICITOR t'aaoa Nol Pnmned • ( anew Placed On Contingent Docket Total ( now IttMchargod BEASLEY • • 28 17 45 Present Solicitor 1956-1959 61 78 139 •* Non-Support Case* Not Counted COMPARE above the number of cases draped by each solicitor after being placed on the court doc ket by the Grand Jury! Can A Solicitor With 139 Cases DISCARDED In A Four- Year Period Be Fair Or Just In Claiming Pridefully Of Cleared Dockets? Cases Discarded Are the Sole Re sponsibility Of the Solicitor. The answer is obvious for “nol prossed” means the solicitor decided against the Grand Jury and actually dropped the cases. Cases on the Contingent Docket means the same thing for all practical purposes. Certainly, IF A SOLICITOR IS GOING TO SET HIMSELF AS JUDGE AND JURY AND THROW OUT SO MANY CASES, his record will look good at a glance. Hugh Beasley, while in office, took the cases to trial and DID NOT SET HIM SELF UP AS A JUDGE of the Grand Jury. Cases were tried in the court and justice thereby prevailed. “Everything Will Be Kept On Top Of the Table,” If You * I Vote For and Elect Hugh A. Beasley L 1 * Solicitor i A Fair Man Willing And Capable! , CHECK THE RECORD!