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\ x /'•' f L THE CLINTON CHRONICLE Jw Thursday, November 17, 1960 In Left Field The New York Daily News notes editor ially that: “The American Cancer Society plans a nationwide effort to teach teen-apers that they'll most likely jret lung cancer if they smoke cigarettes.” The paper goes on to point out that there i?> no laboratory proof that cigarettes cause this disease: that, actually, the great ma jority of heavy cigarette smokers do not come down with this ailment. It notes furth er that while the “lung cancer scare, steam ed up mainly by anti-tobacco fanatics, has gone on for some six or eight years," 1960 “Hurray For Books” “Hurra.'' For Books" has been chosen ;is the sk*gan for 1960 Rook Week. The observ ance of Book Week will be reflected through out the country^in speeches, displays. TlaVs, < >ook fairs. eV. lxH*k fairs are always among the highlights of Book Week. Chicago, for example. :> expevting 50,000 visitors to ;in enormous fair which is l>eing planned n cek'bratkm of BtK>k Week. Here in ear community the Clinton Chil- iren's Library will hold ojien house Friday. ~Nd\ember Ik. from 3:00 to 5:00, to which the publk is cordially invited. It is UvotTr.ng increasingly important that our childrtm cultivate the reading habit. The ■itare >accoss of our children in college will iepend to a large extent on whether oh not :he\ can re.»d rapidly and comprehensively. Manx colleges have been compelled to estal- sh ixnr.edia] reading courses due to the fact that so many students are handicapped by / as ^e Damon Runyan cancer tund always theiiyweakm-' in reading. Countless val- ' 1a!i ” one * aable college hours must be used to remedy .» condition that might have been preventeii. The i*est t.ntr to cultivate reading skills is early m life. Good ■oc'k> are one of our most whole- >or e -ources of recreation. There is so nitreh , ht ,.p I t VI- CT.. b Dr. Hokombe 14. two years and $200. suspended on payment of fine and three-year (Continued from page one) probation. which have been targets of the Also. Charles Sexton, escaping March of Dimes since July, 1958 public works, 30 days to run con- Emphasmng the importance of secutively with another 75-day sen- these medical problems, he noted tence: L. W. Thompson, second of- that 11 million'Americans suffer from arthritis or other rheumatic diseases and that 250.000 babies are fense drunken driving, one year and $1,000, suspended on service of 90 days or payment of $200 and marks the fourth consecutive year of record- seeking both the causes of birth breaking cigarette sales. The American Cancer Society might, says the paper, “stop spending so much of its contributors’ money on propaganda, and give all the dough after overhead to bona fide re search projects on cause and cure of cancer, born each year with a significant 0 ne-year probation birth defect. Hugh Fuller, violation of liquor The volunteer leader explained Jaw, three months or $300; Everett that in lit>le more than twoiyeahs. Green, non-support, one year or $1,- the New March of Dimes organi- 500, suspended on weekly payment zation has moved swiftly in the new 0 f j 18< probation of two years; Le- fields. Grants totaling $2,200,000 roy W. Powell, housebreaking, lar- ha\e gone to scientists and doctors ceny and receiving stolen goods, two years, suspended on service of six months with three-year pro bation. And perhaps, if you ask us. the Society should stan iiearing down on its vitally im portant research goals anyway—before its thousands of earnest ami generous support ers have reason to question its stewardship. tun today and so much bad tek- wt still have stood books. “Hur- : a> For Ik-Tiks;" Where Statistics Delude A gvxhi many people in current discussions • ver the pros and cons of economic growth -*-em d;sp«.»st\i to play down our achieve ments ami to piay up those of Russia. That’s easy to do if statistics alone are jsod without explanation and elaboration. Hut it’s a v.is* where statistics, even though they don't be. do delude. Vance ! v uckard makes this plain in his new :*vk. “The Waste Makers." He points it that “Russia’s rate of economic growth . . is less remarkable than that of Mexico, Japan or West Germany. Com pa rex i with that of the United States, its percentage of annual growth of output seems impressive -imply ; evause :t is starting from a, lower • >a>e and !«evause »t is an underdeveloped \i»untry trying to catch up with an over- devekq*»xi <*ne. Kxx>m>mist W. Allen Wallis. -;«*■> ia assistant to the President observed :n Even if Russian growth rates con- mue ipgier than ours, the absolute gap l>e- tween us will continue to increase for some •;n.c to v •r'.e. There is no possibility that the Russia* m>my will overtake ours at any time in tr> visible future—certainly not in thu- country’.” In mo.-t fields of production. Russia is •uilding from a Uo-e which we passed 30. 40 or 50 years ago. Under these circumstances mere percentage growth figures are almost mean:ngies> Horizons Of Christmas Seals Grow Wider The pitman’s heavy footsteps clump on ’hr walk. He walks away, leaning forward unth the weight of his bag. And behind him ne axe- Christina* Seals—gay little stamps tha* \i<i; <>.ir hc*mes and our hearts and .'Pew • f v ;der horizons. In the <eas<’‘n when men remember their fellows and rededicate their concern for all " ■q-anKir . the Ghristmas Seal is a symbol of •ne of *ne m •blest hopes men have ever , ’eld F.:* -beir years ago the little Seals \ ituaily alone against a disease that iev imatexl the xv,.rld. ami against which hu- manity -t-Hi helpless. With each of those 54 > e.irs. the flame of that first faint hope has 'un.exi brighter. Deqaoes ag' . the men and women mobiliz ed und* r the symbol of the Christmas Seal wisely i;e\ .ded to fight tuberculosis on a ■road front. Under th.s policy they expand- ed their pr<•grams to teach health habits to the public, to demonstrate the need for in tensive case-finding to encourage legisla- :k>*. to provide needed services, to promote •otter health regulations. They j>ersuaded thousands of people to seek the advice of their phys;Gans. people who would other- ill Babson Discusses Taking Tax Losses B«grr W. wise have waited until they were actually •efore consulting the doctor. It o-mes as no surprise that tuberculosis s on the wane. Now the work of Christmas Seals i- being expanded where need exists and opportunity beckons. The tasx of the Christmas Seal Campaign gi\xws ever larger ami the horizons of health .tre w kiening as they go to work. Babson Park Mass . No\ 17—Ktaders who are * cent- of investment counselors, or who have active bonking houses (»r brokers attending to their affairs, probably have already beer, notified of the possible advantage that can be secured by taking tax losses NO LOWER TAXES IN 1*1 Both Mr Kennedy and Mr Ntxoti promised great er expenditures, due :o increased defense needs, larg er welfare payments, and perhaps unemployment .ud We cannot new wait for the official statements of the winning candidate. Mr Kennedy But we can assume that anything he ree.mmends will be to the interest o< the many millions who hold no -ecunbes—funds for said paymen s to be raised through in flationary measures or increased taxes Both c,«uki utrk a hardship on investors In dectditv what to do. divide your 1%0 .-ares of securities into two grxxips a Those held longer than six months: (2) those held less than six months Next, figure out what v-J he your net long-term gain or loss and what will be >>mr ne: short term naai or lus- Then offset these nrt figures, remember ing that one dollar of short term lo&s can wipe out ■ne dtklar of long-trem ga.n, and om' dollar of long- erm loss can -iffset one dollar of -hort-term gain MORE DETAILS REGARDING IX>NG-TER.M GAINS Of course, to take advantage of tax losses one must sell the securities, and it may not pay to do this If an excess of long-term capital gains results, you may reduce this gain by 50 r , before figuring your tax. and if the tax on long-term gains should exceed 25^ of the gam- you may use an alternate method of computing and thus hold down your tax In the case of most readers the capital gains tax will be under 25 of the profits realized The alter- nae tax. metivxl is u-ed only f-«r .he taxable in- cmc of more than S18.000 for a -ingle person. $24 - 000 for the head of a hoiasehoM. and $36,000 for a joint re* urn WHAT VBOIT SHORT TERM GAINS? The above advantages apply only to long-term they do not apply to <oort-term sales cited in ’.cm No 2 of the third paragraph of this column Therefore, there may be a real tax advantage in let- :.ng your profits run over the six-months period, even f it bring- you int i another year The government •.•ermits you to carry any unapplied capital gains *-se» forward for the next five year- Of cotmse. se- 1 untie- should not be sold merely to take a tax loss. If the stock is one about which you are still opti mistic. the improvement in price may later provide y ou wtth a greater gain than you could get by taking a tax loss now DISPOSING OE YOTR POOREST ISSL ES Personally I give bale artenuoo to taking tax losses if I believe my securities are all good. On the other hand, here again one must decide whether we are m a bull market or in a bear market If you be lieve we are in a bear market rt is better to take tax losses than it would be if you believed we were -till in a bull market Ihfcs is another reason for -t'eking the help of an investment counselor Certainly. this is a good time to dear up your list and eliminate the poorest investments. Keep your stocks in the order in which they are rated, and sell one or more of the poorest each year Ordinarily, it is better to seli these in September or October be fore the crowd rushes to sei! as they may be doing at this time. On the other hand most investors may have already taken their capital gams or losses If so. the market may work up from now or. to the end <«f the year rather than continue to decline until the deadline of December 30. IfWf' W AITING THIRTY DAYS Most investors seem to feel mat if they sell stocks to take a hiss, they cannot buy this same stock back again. This, however, is perfectly posable if you will wait thirty days If the stock is fundamentally good, 1 am inclined to buy the same stock back even though, due to some special rxm-iecurnng event, it defects and arthritis and the meth ods of alleviating the suffering ot those now afflicted. Four arthritis and two birth defect clinical study- centers are already in operatior and others will open in the near fu ture. In addition to scientific research, said Dr. Holcombe, funds are ur gently needed for the patient care and health scholarship programs ot the March of Dimes. "Despite the availability of the Salk vaccine, thousands of new cas Cs of polio occur each year. The responsibility of aiding many of these victims, as well as those stricken in past years, rests with* the March of Dimes. Last year alone, $13,900,000 was spent on di rect financial assistance to polio victims and a comparable sum is forecast for 1961 '* Also, Cooledge Johnson, third of fense drunken driving, three years and $2,000, suspended on service of eight months or payment of $400 and probation for three years; D. 0. Smith, three charges house breaking and larceny, three years, suspended on service of nine months and probation for five years. - Also. W. F.^Childress and Niles Crow, larceny.'tCUr months. ‘ The grand jury returned true bills charging Harold E. Lawson, 39. a former Clinton insurance agent, with forgery. He was charged with issuing insurance pol icies under fictitious names, pay ing premiums on the policies, fil ing death claims and collecting. I The charges date back to 1957. Dr. Hart Attending Examining Board Meet Dr. C. J. Hart of Lauren*, presi dent-elect of the South Carolina Board of Chiropractic Examiners, is in Columbia for a meeting of the board for the purpose of examining candidates for lineensure The session, which began Wed nesday. will continue through Thursday. Eleven applicants will take the examination. BeN Street To Present Harvest Festival Bell Street High School will pnrtf sen! a Big Harvest Festival in the school gymnasium Monday night, November 21, at 7:30 Many enter tainment activities will be featured during the evening Three big prizes will be given to lucky ticket hold ers. First—a turkey; second, pump kins; Miird—sugar. This program is for the benefit of the bleachers fund. » may have advanced in price ("LINTON. S. C.. THURSDAY. NOVEMBER 12. 19 d/typ (Ulintmi (Thrantrlp EsUbHAed MM July 4. 1889 - WILLIAM WILSON HARRIS - June U. IMS *^1*11 BUSHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Payable in Advance) Dut-of-County .... One Year $3 M. 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 correspondeaU. Member: South Carolina Press Association. National Editorial > National AdvertWng Representative AMERICAN PRESS ASSOCIATION New York. Court Session (Continued from page one) Belue and was given $100 for his part in the robbery. A defense witness. John T. Tay- j lor. said that at 10 p m. on the night in question he left Clinton with Floyd Belue and they went to Columbia where they remained with the defendant until Sunday. The defendant denied any know ledge of the robbery and testified i that he remained in Columbia un til his arrest on March 8. A jury* found Louis Campbell and his wife. Alice Campbell, of Clin-1 ton, guilty of violation of the State ■ Narcotics Act He was sentenced to serve one year k suspended on' service of four months and proba tion of one year His wife was sen tenced to one year, suspended, with probation of two years. Campbell later pleaded guilty to purchasing paregoric and giving a false address to a Laurens drug gist. He receded the same sen tence as in the other case, the two to run concurrently Z W Rushton pleaded guilty to violation of the Narcotics Act and to purchasing paregoric and giving a false address He was sentenced to one year, oq each charge, sus pended on service of 60 days with two years of probation, the sen tences to run concurrently James E Heaton, 36. of Clinton, was arraigned on a charge of rape in connection with the alleged as sault of a 16-year-old girl. The case was expected to come to** trial Thursday y .Another jury trial in whicli the defendant was charged with op erating a motor vehicle while un der the influence was completed Friday with the jury finding the defendant innocent The defendant, Leonard Suber Clinton Negro, had been charged with driving a motor cycle while intoxicated. The jury deliberated several hours before finding for the defendant Judge Lewis sentenced L. D. Morgan. 53-year-old Laurens Coun ty man. to 18 months, suspended and three years probation, after a jury had found him guilty of as sault and battery of a high and aggravated nature The charge grew out of the June 2 shooting of Thomas L Miller at Morgan s Place on Highway 72. three miles north of Clinton. In another jury case. Joe Jenk ins, Clinton Negro, was found guil ty ot receiving stolen goods valued at $10 and sentenced to 30 days or $50. Jenkins conducted his own de fense. , Guilty pleas and sentences in cluded the following: Charles Grace Brown, of Green ville, housebreaking and larceny, three years with credit for time spent in jail since Sept. 29. James Albert Hembree, of Green ville. receiving stolen goods, three years with credit for time spent in jail since Sept. 29 Horace Wright. Jr . 17, auto theft and housebreaking, six months on each count to run concurrently but to run consecutively with sentence now being served in SparUnburg. Fred Ayers, 19, same charges and same sentence as for Wright. Richard E. Scott, non-support, one year or $1,500, suspended on pay ment of $15 a week. Elliot Junior Mathis, non-support, one year or $1,500, suspended on payment of $10 weekly. Jimmy Jacks McKeiiar, house breaking. three years, suspended on service of eight months and pro bation for five years James C. Morgan, receiving sto len goods, one year, suspended and probation of two years. Henry Thurmond, pointing a fire arm. one year, suspended on good behavior. The case of Robert Morgan, charged with receiving stolen goods was nol pressed. Ceopfaus Hall, forgery, eight months to ran concurrently with 2- year sentence being served in spartanburg County; Robert Bell Little, rape, one year, suepended and two-year probation; Melvin L. Brown, lewd act upon child wMsf S.vaR • Jim 's. Here‘s why x ^ Bright-Eyed 7 - ^ Brides Choose TOWLE S T E R L I N G The secret of Towle's fame is the unmistakable distinction of Towle flatware patterns Look at all of them with critical eyes' Their excellence of design is apparent in every contour every detail of every piece Come in. you'll enjoy inspecting our complete Towle collection And we are ready with friendly advice (if needed), with budget terms (if desired), and our famous bridal registry 4 fc. 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