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THE CLINTON CHRONICLE Thursday, August 3, 1961 \\ StiD More To Be Done According to information released this week which appears in an advertisement in The Chronicle today-, Laurens County tax payers will get a four mill reduction when they pay their taxes this fall. The reduction comes in the millage for general obligation bonds and interest for the county as a whole. Miss Jennie V. Cul bertson. county auditor, who is charged with setting the millage for the bond account, has announced a reduction of four mills in the 1961 tax levy for that purpose. Instead of eight mills as heretofore, the millage for the 1961 tax payment will be four mills, bring ing the county-wide general levy down from 18 to 14 mills. Included in the general levy are nine mills for ordinary county purposes, four mills for bonds, and a county-wide hospital levy of one mill. This does not take into account the spe cial school and hospital levies for the va- rious districts. Welcome as is any tax reduction to county citisens, we feel that the legislative delega tion made a mistake in not passing a new county appropriation bill at the last session of the General Assembly, incorporating suf ficient millage to support other necessary county operations. The bond account is in good shape, but the general operating fund of the county leaves much to be desired to put the county on a sound footing The Senator desired to add four mills in a proposed appropriation bill that was never passed. Had this been done, the county’s fi nancial position this fall would have l»een considerably improved and the need for ad ditional financing later this year prol>al>ly would have been avoided. As the situation now stands, it is likely—almost a sure thing —that the county will need additional money before the year cioses—probably within the next month or two. ‘ The county will have to “rock along” as best it can for the remainder of this fiscal year which just got underway on July 1. It will be imperative that the legislative delegation at the next session of the General Assembly beginning in January get together and come up with a realistic county appro priation bill which, of necessity, will require additional millage for general county opera tions. How much will l>e necessary, we will not attempt to say. But the situation will require careful study by members of the delegation, who must take necessary action to put the county’s finances on an even keel. A Hand In History Those 97 “Boy Senators” representing 47 Boys’ States, the District of Columbia, and Canal Zone, and the 30.000 youngsters com peting for the honor—are not likely to for get the American Legion Boys’ Nation con clave of 1961 in Washington. They came to learn history—and become a part of it. Their visit coincided with the “Week of Decision" in which the President of the United States declared to the world that we would defend Berlin at all costs. They were in the Capital to see the Congress put aside partisan differences and stand in impressive unity behind the preparedness program the President asked them to im plement. v They called a halt in their own conduct of the affairs of Boys’ Nation and their cam paigning for a new President to pass a unan imous resolution endorsing President Ken nedy’s action—and adjourned to the White House in a body to present the document! They also brought along a touch football for the President — a symbol, perhaps, of the understanding between youth and maturity that should never be neglected. As in the past, the young Senators visited their elders on Capitol Hill—state for state— the Department of Justice and the FBI, the State Department, the Supreme Court and the Pentagon. And to round out their in doctrination in Government, their Federalist Party beat the Nationalist Party, electing Jefferson James Jarvis of Fort Worth, Tex., President of Boys* Nation, and Frank Dae mon Peasley of Cheyenne. Wyo., Vice 1 Res ident. Thus, once more, for the 16th consecutive year, the congratulations and the apprecia tion of the nation are due The American Le gion for its effective and dedicated contin uance of an outstanding, nationwide exer cise in civic education. In the far-flung Boys’ States, and the annual convention of their delegates as Boys’ Nation, the Legion has provided a powerful force to combat juve nile delinquency and an effective school for leadership. In sixteen years, the program it self has made history by inspiring and en couraging young men who are today’s lead ers in many communities across the nation. South Carolina’s representatives were Daniel T. Brailsford of Orangeburg, and G. Craig Baynham of North Augusta. In a similar session for girls, Deborah Ann Rosen, of Orangeburg, was elected “vice- president” of Girls Nation. The Tennessee Valley Authority recently announced a reduction in its electric rates. The head of the Edison Electric Institute observes that if TVA paid taxes and the market costs of borrowed money compar able to those paid by private electric com panies, rates would have to l>e raised 46 per cent. If this were done, electric rates in the TVA area would be about the same as rates paid by customers of the electric companies operating under similar circumstances. The operating under similar circumstances. They are now subsidized by the U. S. taxpayers. County TB Assn. Directors Hear Several Speakers At the quarterly directors meeting of the Laurens County Babfton Tells Why Many States Are Losing Factories |U(«r BabMa Hurricane News Of The Week Mr. and Mrs. Carroll Young' and daughters. Carol Ann and Lynn, vacationed a few days last week in the Smoky Mountains of Tennessee Mr and Mrs. W D Bishop and Tuberculosis Association on July family, Misses Sallie and Mary 18, Dr. D. H. McFadden ac- Frances Nabors visited Mr. and quaint the 22 directors present Mrs. Bachman Bishop near Cross , . .. ... Hill Saturday w,th ^ work of hls comm,ttee , Preston Moseley «„ o sons. ,n ^rnishing the latest scien- James, Joe and Terry, of Green t‘fic information regarding TB ville, were Sunday visitors of Mr and related respiratory diseases and Mrs. W. P. Gastley Mr. and Mrs. Edward Craven and David, Mr and Mrs Tony Benson and Robin visited Mr. to the physicians in the county. He urged hospitalization of active infectious cases of tuberculosis | Benson’s parentsJn Qhester Sun-! an ^ noted as a goal the accurate day. Mr and Mrs. Edgar Brazil!,! Martin, Cecil, Mike and Debra! were Sunday visitors of Mr. and Mrs Harold Copeland and fam-' reporting to the health depart ment of new TB cases diagnos ed by the private physician Claude Crocker v presented in- ily. v> | formation on the routine hos- Mr and Mrs Charles Young P'tal admission x-ray program College Magazine In Mails This Week The summer issue of The Pres byterian College Magazine went into the mails earlier this week with_a special feature on Hilton Heaii Island and an article by Dr. C. Hugh Holman, chairman of the University of North Caro lina English Department This quarterly publication for alumni and friends of PC also contained briefer articles and news items about campus and alumni activities. It is edited by Ben Hay Hammet, director of public relations and alumni af fairs. Hilton Head received the spot light as the project of Presby terian College alumnus, Charles Fraser, who is developing the Sea Pines Plantation area into a multi-million-dollar vacation Babson Park, Mass., August 3—Many cities wonder why new factories do not start in their area, and why so many are moving South REASONS WHY NEW FACTORIES DO NOT START IN YOUR AREA One trouble is that old industries are dying (aster than the area can get new ones In my es timation all of the northeastern states are suffer- mng from high labor costs due to rampant un ionism; high state taxes; over-population; too great a distance from raw materials; leftists who want to s|>end before they earn; workers who don't w ant to work and don’t respect their employ ers state pnd local official* unfriendly to indus- dustry, and lack of a desire to help newcomers Already six States in the South have solved their problem, but all needed to amend their state con stitutions These have been drawn to protect the holders of tax-ex empt bonds within their states Times have c hanged- and we now must choose between giving a monopoly to present holders of tax-exempts or aiding the unem ployed Also, owing to the new Congressional mortgage legislation, we have the U. S Government guaranteeing 40-vear mortgages at 5"! interrst ’ REVENUE boNDS THE SOLUTION We all are acquainted with non-taxable Reve nue Bonds for building highways The holder of such bonds is dependent upon the toll receipts for his interest. If enough people use the highway full interest is paid, but not otherwise At first leading investment bankers objected to such Revenue Bonds; but finally they accepted them and the bonds sold freely Of the hundreds of mil lions worth of bonds issued, only one (that put out by West Virginia) has defaulted Now certain cities in the South are issuing such Revenue Bonds to provide funds for new indus tries They are tax-exempt and must be voted by a majority of the citizens These bonds have been freely accepted by northern investors Many of our cities are now taxing their citizens heavily to provide education for their children But as soon as the more intelligent of tlie.se children graduate from high school, they are obliged to leave their native city and go to a more progressive city in a more progressive state Hence there has been little population growth for many northeastern cities They need new factories, and the issuance ol Industrial Revenue Bonds seems the best an swer BIG TAX-EXEMPT INDUSTRIAL ISSUES The biggest such Industrial Revenue Bond we know about is for $25,000,000 issued by the little city of Cherokee. Alabama The money received from these bonds will be used to build a huge fer tilizer plant to be leased by Armour & Company. The bonds give both the community and the com pany a highly advantageous contract Armour has agreed to pay off the bonds at 4\% interest over a period of 26 years. Both interest and prin cipal will come entirely from Armour's lease pay ment Investors who buy the bonds find them selves with a highly desirable tax-exempt 4N% bond If you are in the 50% tax bracket you get the equivalent of a 9.5% taxable yield Cherokee has no problems because: (1) The bond issue is covered by strong legal restrictions., (2) the plant will employ over 300 workers The second largest municipal bonding program we have heard about is a $9,000,000 project for General Tire in Kentucky. Ranking third is a $7, 000,000 bond issue for Borg-Warner Corporation in Arkansas. GETTING NEW FACTORIES IN YOUR CITY The above is the only method which I now see for cities in the northeastern U. S to get new facr lories to provide employment for their people and proper schools for their children Remember that today, when locating new factories, the owners are looking for localities where the executives and their wives will be glad to live New England cities which are some distance from raw materials must provide some offsetting advantages They must have friendly Chambers of Commerce which are not controlled by "old fo gies ” The Chamber of Commerce Secretary should be an experienced man, preferably from one of the fast growing Southern cities which have already issued Industrial Revenue Bonds. and family, Mr. and Mrs. Tommy an< * concluded that it was not in-1 resor t The other main feature Moore and family enjoyed a pic- Seated for Laurens County at nic dinner at Lake Greenwood the present time. Sunday The Rev. Giles Lewis gave Mrs Willie Young’s Sunday some background on the Arden visitors were Misses Sallie and House Conference on Tubercu- Mary Frances Nabors and Mrs losis with its major recommen- Mace \oung dation that the health depart- Miss Carol Ann Young spent ment reassess the treatment sta- . unday with Miss Kay Caldwell, tus of all cases of tuberculosis esse and Jerome Duckett visit- and place those indicated under , „ 8e, J 5a !!! e and Stel,a Duck dru g treatment with adequate ett in VVattsviUe Sunday. and prolonged follow-up. nt akkI* 1 n rS M M cAllster q. N. Foy, president, introduc- with Mr'' P h vi* 0 * ’ a ® t Tues d av ed R. G. Smith of the National 1^^ a rs B^by Neigh-1 Tuberculosis Association staff, of^vfrd^N C Wil } in * h * m twJ dTr^JofT S^TBAs- dayslast week wither S' t S h 0Ciat,0n Mr Sm,th discussed ter, Mrs. Bobby Neighbors, and I* / e, | pans ' on into family lhe f ,e *d of respiratory diseases Mr «nH m-, u. ™ . such as the common cold, aller- ivir and Mrs. Hugh Pegram of . . ’ . Brevard. N.C., were Sunday visi- Kie8 ' emphysema and others in tors of the Bobby Neighbors order to complete the job of erad Mr and Mrs. Sam Bowden and children and Miss Alice Neigh bors of Greenville, visited Mrs Lila Neighbors during the week end. S/Sgt. and Mrs Gene Haupfear and children, Johnny. Pam. Bud dy, and Kent, arrived Thursday morning to spend a month's leave here. S/Sgt. Haupfear and family have been making their home at Kadena Air Force Base. Oki nawa. for the past three and one- half years. They will report after this leave to Eglin Air Force Base in Florida. S/Sgt. Hupfear is the son of Mr. and Mrs J. 0 Haup fear of this community. Mrs Haupfear before marriage was Miss Reba Chalk, daughter of Mr and Mrs. Tommy Chalk of Joan na. Mr and Mrs Lee Stinson of Greenville, were Sunday dinner guests of the J. O. Haupfears. Mr. and Mrs Newell Haupfear. Carolyn and Joyce, of Ware Shoals, visited the J O Haup- fears Sunday Mr. and Mrs W. T Scogin and j Mitch, Mr and Mrs. Dick Fen nell and Curtis left Monday mor , ning to spend a few days in the, mountains of North Carolina Mr. and Mrs Gene Simmons, Mike and Susie, spent Sunday in. , ... . . . . Aiken with Mr and Mrs. Harold ; an ^ conferences will be held pre [ceding the banquet icating tuberculosis Often di agnosis is difficult to differen Late and one condition compli cates and often accompanies the other Mrs J C. Holt is chair man of the newly-appointed res piratory disease committee. Mrs. George F Little, director of the Laurens County Depart ment of Public Welfare, explain ed the new program of hospitali zation for persons over t>5 with limited income and savings. Mrs. M. M. Teague, executive secretary, reported for the leg islative and historical commit tees. A proposal to merge with the Greenwood County Tuberculosis Association was presented and recommendation was made by J Allen Thompson to refer the mat ter to a committee for study and a report back to the directors. 'Bock To Sdiool' Banquet For Reedy River Asm. Aug. 22 The Reedy River Association “Back To School Banquet" will be held at the First Baptist Church, Joanna, on Tuesday eve ning. August 22, at 7:00. Thirty minute vocational guid- by Alumnus Holman, entitled “The Lost Language,” touched upon the present-day difficulty of communication among indi vidual segments of society. The cover of the 9,000-ircula- tion summer issue carried a beach scene of Hilton Head Is land Among the other articles included inside were: 1961 com mencement activity; a review of tennis coach Jim l^ighton’s ca reer at PC; and alumni profiles on the Woodson brothers (Rob ert and Marshall), distinguished •ministers, and Dr Jack Vree- land's work with the nuclear roc ket engine program at North American Aviation’s Rocketdyne division. Laurens Coaaty Bookmobile Schedule Week of August 7-It Monday — Moore home, Tom Sumter Martin home, Coker Balle home, Frank Bobo home, home, Nell Cook home, Sloan home, Chappell home, Garrett home, Palmer home, Patton home. Tucker home. Tuesday — Robinson home, Clayton home, Riddle home. Mac donald home. Fuller home, Fan ning home. Poole home, Arnold home, Benjamin home. Irwin home Wednesday — Whitten Village, Circle, Pitts home. Circle. Pitts home, Shady Grove Community. Thursday — Frances Wood home. Ridgeway home, Johnny Davis home, Ballentine home, | C. D. Wood home. Madden home. Bookmobile librarians are Mrs. Carl Teague and Miss Claude Gray. Tea For College Students Slated At Joanna Aug. 13 A tea for college students, spon sored by the Young Woman’s Auxiliary .will be held at the First Baptist Church, Joanna, on Sun day. Aug£t 13. Parents, leaders of the church, and members of the Woman’s Missionary Society have been in vited to attend. The hours are from 3:30 to 5:00 o’clock in the afternoon. OFFICE SUPPLIES CHRONICLE PUB. CO. DIAL 833-0541 WE HAVE WHAT IT TAKES FOR EXPERIENCED PLUMBING AND HEATING < CALL BENJAMIN PHONE DIAL 833-0081 or 833-1744 YARBOROUGH STUDIO and CAMERA SHOP Corner Musgrove and Pitts St. Cameras — Films — Photo Finishing Simmons and Steve Mike re mained for the week Mr and Mrs. Jimmy Kirby and children of Greenville, were week end guests of the Dillard Youngs. Mr. and Mrs Ralph Lawson and children, and Mrs Charles Hipp attended a church picnic dinner at Greenwood State Park Sunday. Mr and Mrs J R Bartley vis ited relatives in Greenwood Sun day CLASS MEETS The young adult class met last Tuesday evening at the home of Mr and Mrs J W. Caldwell Mrs. Caldwell led the devotion al period. During the fellowship hour refreshments were served. WE PAY 5% IF YOU DON’T READ THE CHRONICLE YOU DON’T GET THE NEWS DIAL 833-4541 Lamar King, Jr., of the Bush River church, will be master of ceremonies. The theme is “Christian Edu- caUon." Rev. Donald Cook, formerly of West End Church, Newberry, will be the main speaker. Rev. Cook is an honor graduate of Newberry High School, Furman University, and Southwestern Baptist Theo logical Seminary. At present he is writing his thesis for a doctorate in Philosophy at Duke University. Tickets for the banquet are 65c All training Union directors are urged to publicize the banquet. lot €^666 I Assets $10,000,000.00 I l Ot * 0< i on! inso' • J up to * ’> .C^'J 00 b» 0 duly IlfCHscd CoUlO*t> Insu'oncc Co t mployr*' bond, d ♦ )» pro ii tion up to kolc.ooooo Only o»0'lobl< to BoflQ I "If K«'vd«nf\ >♦ Xiuth Co'obnu Mrtiiryrtt omoynt o-tfp’td %'aAi QC Winchester Grahom Di*r»sit.<d F'^ont nq Columbia S C If you plan to build or buy a home of your own, why don’t you and your wife let us help you finance it. # CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION 220 W. MAIN ST. CLINTON. S. C. /.‘ember Federal Home Loan Bank Syste CLINTON, S. C., THURSDAY. AUGUST 3, 1M1 ilfp Clinton (Cljrnntrlp July 4, 1881 — WILLIAM WILSON HARRIS - Jane 13, IKS PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Out-of-County (Payable in Advance) One Year $3 00, Six Months 82.00 One Year $4 00 Second Class Postage Paid at Clinton, S. C. 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It’s regular-price gaao- line that’s Climate-Controlled - specially blended for altitude and seasonai temperatures. Drive with more pleasure, save for good measure . . . with Fire Chief I H. D. Payne & Co. DISTRIBUTORS CttaloH, g. G Phone 570