The Clinton chronicle. (Clinton, S.C.) 1901-current, July 06, 1961, Image 4
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
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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