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4 THE CLINTON CHRONICLE Thvsday, July 6, 1961 We Need Freedom For Fitness Almost six months have passed since President Kennedy deplored what he termed the flabbiness of Americans. He called it *'a menace to our security as well as our ability to live up to the challenges which lie ahead.” And he went on to say that our success in a physical fitness pro gram may well determine the future of free dom in the years to come. Well, we’re not going to argue against hav ing a nation of able-bodied men and women. But H would be infinitely better if the President showed more concern about the danger we face in becoming flabby in mo rale and spirit. And this is happening daily under the centralised government, which automatically leads to national moral flab biness. It seems the government, wants to allow us everything except trust in our capacity to meet our own problems and responsibili ties as free and independent Americans. How about it, Mr. President—while we’re flexing our muscles in a national Get-Strong program, how about returning our freedom so we’ve got something really big going for We Need This One Like A Third Leg Establishment of an urban affairs depart ment of cabinet rank would foreshadow the eclipse of the 50 states. So said Paul A. Belknap, an industry spokesman, who testified before a congres sional subcommittee. Belknap, president of a Charleston, S. C., rubber company, said that creation of a Federal Department of Urban Afffairs would entrench and extend activities of the central government in areas where it has al ready trespassed too far. The subcommittee is considering proposals for a federal department which would bring together under single management the va rious federal agencies which now deal with housing and other functions, powers and du ties relating to urban affairs. Even without further expansion, the fed eral government structure is too big for com petent management, he added. “It is also too big for the best relationship between the people and the form of govern ment essential to a union of states. “The states do not need the federal gov ernment as a long-circuit provider of their own funds for their own services.” “Neither housing, nor slum clearance, nor municipal transportation, nor recreational and cultural facilities can compare with na tional security and survival—and should not compete with it—in claiming federal atten tion. None belongs in a list of truly national tasks.” the latter, the Party’s official publication said that once it was passed “this nation will be provided with a mechanism for socialized medicine, capable of indefinite expansion in every direction until it includes the entire population.” Here is a matter on which the Socialists speak with full authority. According to Dave Roberts of the Cincin nati Enquirer, there has been a sharp de crease in tenant farming in this country. In 1930 there was one tenant fanner for every 100 acres of cultivated land; the current fig ure is one for 450 acres. MAN OR MOUSBf a*(*r w With Full Authority Advocates of the King Bill, which would provide federally paid medical services to all persons drawing social security benefits, deny that this amounts to socialized or gov ernment-bossed medicine in any degree or way. A high official spokesman, in support of this stand, quoted a provision of the bill which says that “nothing in this title shall be construed to authorize any Federal officer or employee to exercise any supervision or control over the practice of medicine or the manner in which medical services are pro vided, or over the selection, tenure, or com pensation of any officer or employee of any hospital, skilled nursing fscility, or home health agency/’ Now, that certainly seems unequivocal. But wait a minute. What he failed to quote was the balance of this sentence whkh says :.“or, except as otherwise specifically provided, to exercise any supervision or control over the administration or operation of any such hos pital, facility, or agency.” This is the significant phrase—“except as otherwise specifically provided.” And the bill contains specific provisions which would give the government agency involved impor tant controls over health agencies in a num ber of areas. Moreover, future amendments could “specifically provide” much wider con trols and restrictions. ~- This aside, it is a fact of record that the Socialist Party strongly supports this bill, as it supported the preceding Forand Bill. Of Babson Discusses 100 Years Of Stock Prices Babson Park. Mass . June 20—Business was prosperous during the Civil War due largely to inflation, and started to boom directly afterward The shooting of President Lincoln, however, caus ed stocks to tumble and a year of depressed busi ness followed UNEXPECTED EVENTS Again business began to boom with further inflation until the famous “Black Friday" in 1800. followed by another year of depressed business Stbcks quickly rebounded, and again investors were looking forward to several years of prosper ity when, in late 1871, the ddcaga Fin occurred This was followed by the great Beaton Fire in 1872 The market had just about again recovered when the failure of the great bank ing house of Jay Cooke and Com pany was suddenly announced For the first time, the leading Stock Exchanges closed for sev oral weeks There followed the great depression beginning in 1873; then higher stock prices fin ally returned as a result of anoth er dose of inflation. IMPOBTANT BAKING FAILURES Suddenly, on July 2. 1881, Pres ident Garfield was shot. A chain reaction of sell ing followed. During this period, the banking house of Grant aad Ward, and the two leading bulls," Henry Vlllard and James R. Keene, an nounced their failures. Depresaion followed. 1802 was a year of great prosperity; but sud denly the failure of the National Cordage Company was announced in May. 1803 This was then one of the ten biggest "blue chip" corporations. LABOR STRIKE BEGINS The following year the Pullman Strike—first serious labor strike—occurred and cast fear and gloom over the stock market. This was accom panied by a series of crop failures and mortgage foreclosures. Again in 1807 business steadily improved and permanent prosperity was prophesied, accompan ied by stock splits, mergers, and large security offerings. Suddenly, in 1003, there came rumors of great quantities of "undigested" securities . . . accompanied by the investgiation of large life in surance and traction companies. The crash came Just following the Saa Francisco Earthquake. SUPBEME COURT DECISIONS Up to this time the Supreme Court had decid ed questions only between the States Suddenly, in the early 1000 s, It issued its “Northern Securi ties" decision. This took the zip out of the stock market until the first World War began. After the closing of the New York Stock Exchange for sev eral months, there followed some years of pros perity. Then came the sinking of the S. S. Lusitania and our entrance into World War I. All went well with the economy until after the war when soaring interest rates and commodity prices brought on another collapse. This was quickly corrected and the stock market continued to advance until it reached an all-time high In 1020. SPECULATION AND THE CRASH OF 1R» Then fame the business collapse in Europe with with the continued withdrawal of gold, cli maxed by the very sudden failure of the Austrian Credit-Anstalt This caused startling repercus sions throughout the world. There followed sev eral years of real depression. Beginning in 1038 there was another recovery in business lasting throughout World War II, but this did not help the stock market much until 1942. With the exception of several relatively brief ad justment periods, our country has enjoyed good business for about 23 years. WHAT OF THE FUTURE? The preceding one hundred years teach two lessons; (1) That there has always been an eco nomic race between inflation and production. These Inflations were of different kinds—Stock market, commodity, political; but thecal- ways gave business a “shot in the arm.” For tunately, increased production absorbed this ... the great era of railroad building; opening of the South and West to farming; and finally increased commodity production due to Inven tions and advertising, accompanied by the electrical, chemical, and automobile eras. (2) That when each prosperity came to an end. it was from an unexpected event—a great fire, an earthquake, or the failure of some banking house or large corporation. In war time, inflation always ha» been resorted to. We expect it will occur again to provide funds for the “cold war.” This should mean higher price* for stocks, commodities, and real es tate. Yet the period of inflation we are now en tering may be absorbed by the “space era,” which is an uexpreted event an the aptimistto CLINTON, g. C.. THURSDAY, JULY 4, 1841 (211ir (Elintmt (Eljrmttrlr , Jaly 4, UW - WILLIAM WILSON HARRIS - Jaae U. IKS PDBUSHKD EVERY THURSDAY BY TBB CHRONICLE PUBLISHING COMPANY OuUrf-Coaaty Rate (Payable in Advance) One Yaar $3 00. Six Months fl.OO One Yaar $4.00 Second Class Postage Paid at Clinton, S. C. The Chronicle seeks ths af Ms subscribers and randan — the pubhaher viB at all appreciate wise suggestions and kindly advice. The Chrooids will pubhah letters of general Interest when they are not af a defamatory nature. Anonymous esnmunicatlons will not be noticed This paper is not responsible for the views or optetent of Its AMERICAN Detroit, Philadelphia Piedmont Takes Two From The Cavaliers The Clinton Cavaliers lost two games to the Piedmont Rangers in the Western Carolina/League Thursday and Friday nights be fore taking off for the July 4th week’s vacation. Thursday night's game, 7-4, was at Piedmont, and Friday's, 12-6, was at Ointon. In Thursday night's contest, Clinton rallied for five runs in the third inning and picked up anoth er one in the fourth to lead 6-5 after 8>4 innings. Piedmont first baseman Earle Wooten opened the bottom of the ninth with a double and scored on Don Helms' single to tie the game. 6-6. With two men out, Helms mov ed to second base when Jimmy Watson, third baseman, walked. Catcher Marion Middleton follow ed him to the plate and drove in the winning run with a bit down the right field line. In Friday's game at Clinton, Piedmont exploded for 10 runs in the last three innings Clinton, the Western Carolina League leader, used 14 men to try to stop the Rangers. Four Piedmont players collect ed two hits each, one had one and another had three. Kinard Littleton slammed In four runs, Including home runs in the sixth and seventh. Cross Hill News SUNBEAMS OBSERVE BIRTHDAY Tuesday, June 27, the Sun beams of the Cross Hill Baptist Church observed the 75th anni versary of the Sunbeam organiza tion in the Southern Baptist W. M.' U. Mothers of the Sun beams were invited for the occa sion. Miss Brenda Sharpe, local Sunbeam leader, led the devo tional with Jill Ussery reading the scripture and Karen Living ston reading a poem. The chil dren brought gifts for the shut- ins. Miss Sharpe recognized the guests and welcomed all pres ent. She led the Sunbeams in singing several songs that they had learned recently. The table was beautifully dec orated with a large birthday cake in the center topped with yellow candles and the words, “Happy Birthday.” Standing around the cake were paper dolls represent ing children of other lands. Two tall yellow candles stood on the table also with yellow daisies and ivy encircled the holders carrying out the yellow and green Sunbeam colors. Ice cream and cup cakes top ped with a yellow flower and green leaves were served. Circle I sponsored the party. Those present included 20 Sun beams, a number of mothers, Mrs. Jake Rasor, Laurens As sociational Sunbeam leader, and Mrs. B L. Mitchell, local W. M U. president. Mrs. J. C. Davis is assistant Sunbeam leader for the church. Mrs. Sam Rasor, Jr., and sons, I of Kilmer, N. J., visited Mrs. E. | A. Adams during the week-end. Mrs A O. Sykes and children, of 1 Vienna, Va , are also visiting Mrs. Adams. Mr. and Mrs. Si M teaman ; had as their Fourth ol July guests Mr. and Mrs. E. L. Petit and daughter, of Chapel Hill, N. C., Dr and Mrs. Louis DeBnihl ami sons, of Lexington, Mr. and Mrs Sam Leaman, Jr., of Green wood. Mr. and Mrs. H. W. McBurnett of Rockmart. Ga . are visiting Mr. and Mrs. Billy Davis. Jimmy Austin and a group of friends are spending several days at HUton Head. Mr. and Mrs. W. H. White- ford, of Columbus, Ga., are visit ing relatives here. Mr. and Mrs. Webb Taylor and daughter, Miss Bonny Taylor, and Miss Dot Dobbins are spend ing their vacation at Hunting la- James Steadman Mrs. Jack at Daytona s' Pvt. James M. Coleman Trains At Ft. Jackson Pvt. James M. Coleman, of Ly dia, has been assigned to Com pany A, 3rd Battalion, 1st Train ing Regiment at Fort Jackson, near Columbia, for eight weeks of basic combat training. This is the first phase of six months active duty training with the army and a part of the obli gation he incurred upon enlisting in the Army Reserve. His reserve unit is Battery B, 1st AW Bn (Sp), 263rd Artillery, of Clinton. » Many Attend Davis Reunion Sunday, July 2. descendants of | John and ( Annie Byrd > Devi# ! gathered for their fourth reunion 1 at the Hopewell Community Club ! House where they and their guests enjoyed a picnic dinner. At the business meeting foilow- i ing dinner Lawrence F. Davis was elected president for the ' coming year. Officers re-elected were Robert C. Davis, of Atlan ta, vice president; Thomas Wier Davis, of Columbia, historian; Mrs. A. M. Greenwood, secre tary-treasurer The historian of the association is making preparations for pub lication of the history ot the Da- I vis family. Among those here from out of town were: Mr. and Mrs. T. Wier Davis, of Columbia, who were week-end guests of Miss Bess Jones, Mr. and Mrs. Harry W. • Davis and daughter, Ann, of Charleston, who were visitors in the home of Mr. and Mrs. Watts Davis; Mr. and Mrs. Chris Wal ker, of Sanford, N. C., and Mrs. Norman Pritchett, of Baltimore, Md., who were with Mr. and Mrs. A. M. Greenwood for the week end, Mrs. William Glasure and Miss Nancy Sharpe, of Atlanta, who stayed with Mrs. Glasure's parents, Mr. and Mrs. Lonnie S. McMillian. James W. Davis, of Richmond, Va., the week-end guest of Mr and Mrs. Lawrence F Davis, and Jimmy Davis, of Richmond, who visited Mac Hiers. • Others coming especially to at tend the reunion were; Mr. and Mrs. James F. Davis, Collette and Cramer, of Lillington, N. C.; Mrs John Tigue and Dudley Da vis, of Columbia; Mr and Mrs. Robert C. Davis, of Atlanta; Mr. and Mrs. W. E. Abernathy and Young Laurens Han Found Dead In Car Laurens — A young Laurens man was found dead Sunday morning in his car, parked in a church yard near here. Coroner Marshall Pressley said James Erskine Thompson, 23, of Watts Avenue, apparently took his own life late Saturday night by inducing carbon monoxide fumes into the car. His body was found about 9:30 a. m., Sunday, by members of Trinity Methodist Church as they and Mrs. James R. Barbour, Jr., Emily, Nancy and Jimmy Bar bour, of Hamlet. N. C.; Mr. and Mrs. John W. Davis and chil dren, of Greenwood, Mr and Mrs. John C. Davis, of Mount- ville; Mrs. Darrell Dailey, Mary came to worship. The church in five n?iles west of here. The county physician said death occurred some time before midnight Saturday. Death was at tributed to carbon monoxide poi soning.—*- There were no indications of foul play, the coroner reported, but an inquest will be held. A native of Laurens, Mr. Thompson was a son of Mr. and Mrs. W, Haskell Thompson of Rt. 3, Laurens. He was a member of Union Baptist Church. Surviving besides his parents are his wife, Mrs. Nancy N. Thompson; two brothers, Earl Erwin, of Columbus, Ga.; Mr. Thompson of Columbia, and Has kell Thompson of Laurens; two sisters, Mrs. Doris T. Bolt of Lau rens, And Miss Betty Lou Thomp son of Columbia. Funeral services were conduct ed Tuesday at 11:00 a. m. at Un ion Baptist Church by Rev. Davis Dailey,-of Hickory. N. C.; Grange S Cothran, Rev. John R. Mr. and Mrs. Mrs. James C. of Laurens James R. Davis, Todd and Jimmy, Waters and Rev. James Hampton. Burial was in church cemetery. H. the about this question: “With all the auto, train, and airplane accidents, Travel Accident Insurance sure makes sense. Does the William J. Bailey Insur ance Agency have a Trip Accident Policy for n week end, weeks or months . . . with or without baggage insurance?” Wm. J. Bailey Ins. Agency M. S. Bailey & Son Bankers Bldg. Dial Day 833-0681 — Night and Sunday 833-0323 Mr. and Mrs ions, Mr Jdteti are v SEMI-ANNUAL STATEMENT OF CONDITION OF CITIZENS FEDERAL Savings and Loan Association * Clinton, South Carolina AT CLOSE OF BUSINESS JUNE 30, 1961 ASSETS First Mortgage Loans $4,635,065.22 Loans on Savings Accounts 28,741.65 Investments and Securities 472,915.63 Cash on hand and in Banks . . Office Building and Equipment 341,254.04 31,306.21 85,509,282.75 LIABILITIES Capital... $4*67,305.82 Borrowed Money NONE Loans in Process 59,370.39 Other Liabilities 62.01 Specific Reserves 1,00030 General Reserve .... $530,991.74 Surplus 50,552.79 58134433 85309382.75 $92,900,00 Paid In Dividends June 30, 1961 Savings Deposited By July 10,1961, Earn From July 1,1961 Current Dividend Rote Citizens Federal SAVINGS €l LOAN ASSOCIATION 229 W. MAIN ST. CLINTON, a C