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THE CLINTON CHRONICLE Thursday, October 5, 1961 Stalemate Broken In County Affairs Action taken Tuesday afternoon at a meet ing in Laurens of the county legislative dele gation resolved the impasse which had reign ed in county financial matters for the past two weeks. And we think that it was for the best in terest of the county that such action be taken. The delegation agreed to borrow $100,000 from the State Sinking Fund Commission to meet current obligations and took steps to put the county’s financial affairs in better order. Regardless of what had transpired before, the county faced a situation that had to be met, and we think the legislators met it in the only way they could. As we sat in on the meeting, we got the impression that the legislators were deeply concerned about county affairs and are earnestly seeking to put them on an even keel. If the legislators stick by a motion adopt ed and an agreement signed at the session to go to Columbia at the next meeting of the General Assembly and work together to pro duce an appropriation bill supported by a sufficient tax levy, county operations will benefit greatly. h is true that it would have helped if a new appropriation bill had been enacted this year, instead of having (by law) to op erate under the last one enacted. The old one is better than none at all, even though It does not meet the needs of the county for the current year. Its deficiencies will in crease the financial legislation that will face the delegation at the 1962 session of the General Assembly. But that is not the chief reason for the plight in which the county finds itself to day. It goes back for almut six years—to 1996—when county spending began to ex ceed appropriations. It has averaged about $60,000 a year for that period. In their zeal to provide the services and demands made upon them, our legislators were somewhat unrealistic in their estimates of income and expenditures. A good part of it — about $200,000 was spent in connection with securing and pro viding services for new industrial plants in the county. We have no regrets on that score. We think it was money well spent, and will return dividends to the county for years to come. Past practices just happened to catch up with us this year. By any standard, we don’t think Laurens County is in bad financial shape. Preeently we are in somewhat of a bind. But even with our present low property assessment of some $13,000,000, the county has resources that will support a good-sized operation from year to year. A Limit To Ambition One admires ambition. But there is a point where ambition—if successful—must be halted in the public interest. This applies with full force to the Team sters Union. As was made abundantly clear at its recent meeting in Miami, its president and undisputed boss, Jimmy Hoffa, intends to create a labor empire of unprecedented power. There is hardly an important field of enterprise which he means to leave un touched. This would mean that one union, dominated by one man, could virtually bring the economic life of the nation to a halt. If it were so decided, not a train or a truck or a ship would operate. No commodities would move on any significant, scale. The national security could be imperiled to the point of disaster. Mr. Hoffs has said that he would never call a national transportation strike. But tinea, circumstances, attitudes and people change. The fact that such power existed, even though latent, would be an intolerable threat. TTiis is a very different thing from a union versus industry fight over wages or working hours or fringe benefits or anything else. This will decide if a single organization can have what amounts to life and death power over the nation. The law must restrict priv ilege as well am guarantee rights. The na tional interest, which includes the national security, must always come first. Millionaires Are Scarce Why not let the millionaires pay most if not all of the taxes? They’ve got more mon ey than anyone needs, so why not take it away from them for the t>enefit of the rest of us? Well, here’s why: According to the In ternal Revenue Service, there are only 244 taxable incomes of a million dollars or more. And these incomes are taxed to the hilt now, | with the top rate l>eing a cool 91 per cent. Moreover, says the Citizens Public Expen-! diture Society, the taxes actually paid by the j millionaire group are just enough to run the , government for 26 1-2 hours—a trifle more than one day. And even if they were taxed 100 per cent, the increase in revenue would merely support the government for another 14 1-2 hours. There just isn’t enough money in the big or even the middle income categories to op erate a $90 billion a year government. So the lower income people must pay the bill. Comp Fire Girls Begin Their FolLActmties The Wicama Camp Five group enjoyed a marshmallow roast after a business meeting at the Camp Fire hut on Saturday aft ernoon. Miss Margaret Blakely is guardian of the group. ty for the coming year. At their first fall meeting the Franklin, N. C„ Press: “If federal aid to education is not necessary, and if it is not the most economical way to finance the schools, why take a chance—even a remote chance—on federal control? The truth is, the whole concept of federal aid to education Itetrays a lack of faith in democratic pro cesses. It-M a vote of ‘no confidence’ in the intelligence and the integrity of the average citizen.” Sexton Shows Parents Naval Academy Midshipman fourth class James R. Sexton, son of Mr. and Mrs. A. Roy Sexton of Browning Avenue, Joanna, escorts his parents and his sister, Dianne, on a tour of the Nnvnl Academy, Annapolis, Md., during Parents’ Open House Weekend, Aug. 25-21. The five-ton anchor in the background is one of two anchors in front of the Academy Chapel, both from the Navy’s first armored cruiser, UBS New York. Parents Weekend marks the first time new midshipment have a chance to display their new way of life to their parents, after beginning pie be summer training in June. Babson Babies At An Invotment Babson Park. Mass , Oct. 5—As I look back upon a long and active life I have come to an im portant decision Furthermore, this is in connec tion with investments, of which I should have ex cellent knowledge, my entire life has been devoted to the study of them RABIES VERSUS STOCKS Babies are probably, the world's oldest invest ment. having survived many thousands of years of wars, massacres, panics, and revolutions In many nations even today the largest families are believed to be the richest, while a family with no children is looked down upon Stocks are only two hundred and lorty years old The first big promotion was that of the Mississippi bubble sponsored around 1715-1720 in France by a Scotsman; while the second great stock promotion was the South Sea Bubble, which fol lowed in England under the lead ership of Robert Harley and later under Robert Walpole Other than in the United States, the sale of stocks (new issues) reached a maximum Just before World War I, when l^indon was the world’s center of stock trading World War I gave the Lon don market a great blow; while World War II put New York ahead of all the world's centers. BABIES VERSUS BONDS Stocks offer a speculative profit which bonds do not offer Stocks also benefit from inflation Interrupted with a few eras of deflation, the Infla tion of currency has been going on for centuries —since money was first used in Persia and Baby Ion 3.000 years ago Bonds suffer through Inflation, thence long-term bonds should usually be avoided Of a given corporation, however, the bonds should be safer than the stock, provided the bonds are due within about five years. They have a first lien on the company and, in case of trouble, inter est on the bonds comes before dividends on the stock The safest investments of all are healthy, well trained children To be doubly safe, take out an insurance iioltcy on each child as soon as it is born BABIES AND COMMUNISM Stocks, bonds, and other "pieces of paper " such as we recognize as wealth have no value in Russia Only in bank accounts of the Russian Government Bank can one save money in Russia. Even than. Russia devalues the ruble (or Russian "dollar”) when ever it suits her convenience. Savings are not encouraged under any communistic govern ment The Russian government is supposed to own ail land, factories, stores, etc. Well trained children are the only assets considered. In view of the above, those of us who have prop erty dread communism. All property would be tak en away from us. we would all work for the state, buying our food, our rent, clothes, and entertain ment from the state On the other hand, Russia is gradually becoming capitalistic, while the United States is gradually becoming socialistic. If we can continue fifty years without a World War III, there may not be much economic difference be tween the East and the West This especially ap- This brings us back to our original thought, that well-trained children are the best security and insurance Our President Kennedy, seeing this change coming in the distance, is working for legislation to give free medical service to those who deserve it. Already England has "from the womb to the tomb” coverage; while many other countries such as Sweden are trending that way. 1 agree with the physicians that such a pro gram is dangerous I am even opposed to giving free obstetrical services. But some plan could be worked out whereby the family could get a tax re duction. directly or indirectly, on each baby bom With the growing importance of babies, some in ducement should be given for the expenses con nected with their birth and early years. To bring this about is a basic purpose of the Isabel Babson Memorial, in which I am much interested Letters To The Editor To The Editors: On behalf of the officers and board of directors of the Clinton Community Concert Association, we wish to thank the people of Clinton, Laurens, and the sur rounding area for demonstrating once again in a tangible way your interest in maintaining the program of cultural events spon sored by the Association. We feel that such a program en riches the community far be yond its visible results, and we hope that it will become a per manent part of the hie of the city We wish to thank all those workers who contributed to the success of the campaign and the many civic organizations which gave their support Thanks are especially due Uie patrons, listed below, who contributed beyond the regula;' membership fee in the conviction that a city bene fits from cultural growth as well as from physical and material growth We are indebted to the Clinton Chronicle, WPPC, and Wl.ll. as well a . to many other Coordinating Council Of Bi*County TB Assn. To Meet Oct. 10 Th t oordinating Council of the Greenwood and Laurens Tu berculosis Associations will meet Tuesday, October 10 at the Rose- land Restaurant in Greenwood. Henry M. Paris of Laurens, chairman of the Council, will preside Progress reports will be made by committee chairmen as fol lows Program of Work, Rev. James A. Bowers of Greenwood; Budget and Finance. Claude A. Crocker of Clinton, Christmas Seal Campaign. Mrs Joe Seal of Greenwood These committees are making plans for operations as a single unit beginning April 1. 1MS2 non-local news media, and to the Broadway Theatre for the pub licity which was so instrumen tal in putting across our mem bership campaign. Presbyterian College has given generous sup port, not only through providing memberships for all of the stu dents, but also through giving us the use of Belk Auditorium. It is only through the wide spread support of the people in the Clinton area that the Clin ton Community Concert Asso- , nation can continue to grow and serve. We are grateful for that support manifested in our recent drive, and we hope that it will not only continue but also increase in coming years. Mrs. James E. Wolfe, President Mrs. Lewis S. Hay, Secretary Mrs. Edwin A Farnell, Membership Chairman County Civic Club Dinner Scheduled For Tonight At 7:00 The annual county-wide inter civic club barbecue will be held tonight (Thursday) at the Lau rens county fair grounds off the Clinton-Laurens highway. The event this year is being sponsored by the Laurens Junior Chamber of Commerce. Approximately 500 members of various civic clubs of the county are expected to be present Baptist Change Sunday Evening Schedule An all day outing at the lake side cottage of Mr. and Mrs. P. W. Rogers began the year’s ac tivities of the Mokita Camp Fire group. Mrs. S. C. Rowe is lead er of the group which is compos ed of 12-year-old,' seventh grade girls. Boating, skiing, swimming and a wiener roast entertained the girls during the day. Plans were made for the program of activi- Okizu Camp Fire Girls elected new officers. The meeting was held Wednesday afternoon at the home of the leader, Mrs. Leon ard Bishop. Mrs. Murphey Tim merman is assistant and Mrs L. O Edwards is sponsor. Cup cakes and cold drinks were served. Later the group made plans for a hike. They will | pack a trail lunch and meet at the home of Mrs. Bishop Satur day, the 7th, at 1;30 for the hike. | Officers elected were; Jane Timmerman, president; Kathryn Arnold, vice president; Sara Lynn W’ysor, secretary; Lee Da vis. treasurer; Toni Scheele,! scribe; Sophie Young, Neely Copeland and Jennie Edwards, telephone committee. Children Under Six Unit Meets Here Tues. The Spartanburg area meeting of the South Carolina Association on Children Under Six will be held at Vernon’s restaurant in Clinton today (Thursday) at 6:20 p. m. The area is composed of nurs ery and kindergarten teachers in Gaffney, Clinton, Laurens, Union, and Spartanburg. A dutch supper will be served. A representative from the State Mental Health Department will speak and show a film. The First Baptist Church is now observing a new schedule for evening services on Sunday The Baptist Training Union is being held at 6:30 and evening worship services at 7:15. accord ing to an announcement by the pastor, the Rev. J. H. Darr CLINTON, S. C., THURSDAY, OCTOBER 5, IM1 £br 01 Union (Hbronirlr July 4. KM - WILLIAM WILSON HARRIS - Jim U. INI PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY OBUtCMBty RMe (Payable h One Year N-W. Six Months $2 00 One Year $4.00 Second Class Postage Paid at Clinten, g. C. The Chroaiele seeks the cooperation ti Mm subscribers and readers - the publisher will st aQ time* appreciate visa mcfartiens and ktady advice. The Chronicle will puhliah letters at general interest whea they ere not af a defamatory nature Anonymous communications will not bo noticed. This paper is not lor tha views or opUaas sf its AMERICAN PRESS ASSOCIATION New York, Chicago, Detratt, Philadelphia HEAR THE P. C. STAFF REPORT! Vk Spooner-End Coach Charles Musselwhite- Backf ield Coach Clyde Ehrhardt-Line Coach Live From P. C. Campus MONDAYS-1:15-1:30 Over 860 WLBG 860 SpoBaored Alternately By LEDFORD’S TEXACO and VERNON’S MOTOR LODGE AND RESTAURANT How Many Ways To Use Electricity On The Farm? Ten? Fifty? A hundred? Two hundred? It may sound fantastic, hut there are approximately 000 different wavx to use electric power on the farm for more efficient and more profitable operation . . . and new uses are lieing discovered right along. That’s wh\ tour Electric Co-Op reah/ex how important it is to pro vide rural South Carolina with adequate, low-cosi power, and is constantly striving to do just that Com< in and talk over your power problems with our biendb folks. LAURENS ELECTRIC COOPERATIVE INCOMOIAIID HOMI OWNFD BV TMOSt* IT SI8VIS HOPING AH BUGA GROW A growing savings and loan business helps make your community a better place in which to live, work and raiaa a family. Your savings and those of your neighbors ... which now total $60 billion in Insured Sav ings and Loan Associations ... provide money to build homes in your community. This, in turn, creates jobs for construction workers, income for suppliers of materials, orders for factories, revenue for retail stores and other local businesses. There is scarcely a person who does not benefit, directly or indirectly, from your savings. So the money you place in your Insured Savings and Loan Association helps America grow. Citizens Federal SAVINGS A LOAN ASSOCIATION 220 W. MAIN ST. CLINTON, 8. C.