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THE CUNTON CHRONICLE Thursday, December ", 1961 I On CD And Shelter* 'Hiis country has had civil defense organ- aations and policies for several years. But. until lately, public interest has been con spicuous by its absence. Almost no one paid The Right Kind Of Report* During November, White House Region al Conferences were held in a number of our cities. Experts in various fields of govern ment activity, including top officials, led the discussions. State and municipal officials, any attention to the warnings, the theories, c j v ic groups and interested citizens attended. and the controversies that the CD concept creates. Now all is changed. As Newsweek puts the matter, “The President’s eloquent state ments about the duties of every man to pro vide for his family—plus Khrushchev’s tru culence over Berlin — have vaporized, as effectively as the latest Soviet superbomb, the old foot-dragging indifference. In place of apathy, however, there now exists a wild fallout of confusion, concern, commercialism, and misinformation.’’ Two civil defense proposals have been current One envisions mass evecuation of the cities as soon as the warning devices report that nuclear attack is on the way. But in late November, the federal Office of Civil Defense officially abandoned the evacuation idea. Thne w’ould be too short, and the possible congestion and panic almost unimaginable. That would not be the case in every' area, but it certainly would be in the metropolitan centers. So all that remains is survival shelters. And interest in the shelters seems to have reached a state approaching frenzy in the minds of many people. The Newsweek article deals with the val ue of shelters, and of the various kinds that are advocated and can be constructed, along with the equipment and conveniences that are needed. It’s apparent that some ideals about life in a shelter (promoted, it might be added, by high-powered salesmen) are illusory in the extreme. In Newsweek’s words, “Indeed, the facts of nuclear war, fallout, and shelter life are far more vom- plex and sobering than pictures of a teen ager lounging in a shelter with a Coke and a telephone would indicate.” No feasible shelter can protect against blast at or near the point of impact—within seven miles, say the experts, a 50-megaton bomb would cause 100 per cent fatality. What shelters can do, within certain limits, is to protect against blast effects at greater distances, and against fallout. Individuals can build these shelters, but costs are sub stantia] if a reasonable degree of comfort and more less adequate stockpiles are pro vided for. So, under a new federal defense policy, which has a $207 million Congression al appropriation back of it, emphasis will be on public fallout shelters. Newsweek re ports that the plan is to create 250,000 such shelters, capable of taking care of 50 million people by December of next year. Space will be provided in public buildings, schools, sub ways, mines, and so on. The cost is figured at $3 a person. Thes shelters, it should be added, are considered minimal. The cost of an optimum shelter plan is estimated at $100 per person! I Newsweek, at the end of its article, makes the big point: ‘The most important thing to understand is that there are no certitudes in the atomic age . . . The most dangerous illusion is that shelters make nuclear war thinkable—that after the bombs have fallen the nation will climb out of its hole and go on with life as it has always been lived.” A* The Holiday* Approach Christianity, as a concept of living in terms of the individual, is always brought home with new force as the year draws to a close. Nowhere, but in a country of truly free men, can this concept manifest itself to the fullest. In nations where the state has grad- utlly assumed more and more responsibility for the welfare of the individual, the spirit of Christianity becomes less and less signifi cant As the holidays approach, we should ponder the deeper meaning of such activities as the Christmas Seal Campaign, the tink ling bells of the Salvation Army, and the countless local endeavors to help the less fortunate. All of these are voluntary and represent the Christian impulse toward kind ness, self-reliance, and generally more civi lized state of being. West Va., Salem Herald: “Government statisticians show concern over the fact that 2b per cent of American families live beyond their incomes. Look who’s talking!” The specific topics covered a very wide range — economic growth, the creation of new employment opportunities, community development, juvenile delinquency,, educa tion, recreation, urban renewal, metropolitan development, surplus foods, minimum wages and so on. Reports on the results of the dis cussions are to be made to the President. Great good could from such conferences as these. But there also is a great danger —the danger that many if not most of the conferees will urge that the federal govern ment be the prime mover in solving or at- Copeland tempting to solve the myriad problems in volved. The best reports that could be sent to Hurricane News Of The Week Mr. and Mrs. J. O. Haupfear visited Mrs. Haupfear's father, H. P. Cromer, in Cross Hill on Monday. Mr. and Mrs. James Chase and son of Simpsonville, visited Mr and Mrs. Allen Young. A1 and Cathy on Sunday. Mr. and Mrs. Clyde Young. Mrs. Catherine Young. A1 and Cathy visited Dilard Neighbors near Laurens recently. CELEBRATE BIRTHDAYS Tim Copeland will celebrate a birthday December 9. He will be one year old. He is the son of Mr and Mrs. Harold Copeland Wayne Copeland will celebrate a birthday December 10. He is the son of Mr and Mrs. Harold Mr. and Mrs. J. R. Bartley vis ited relatives in Greer Sunday. Mrs. George Lawson visited her sister, Mrs. Lloyd Lee, in Barn the President’s desk would l>e baser! on the well last week. Mr. Lawson join- principle that there should be less and less reliance on a central authority, and more and more reliance on state and local initia tive—by government, by enterprise, and by individuals. Bab*on Discusses Common Stocks Bahson Park, Mass., December 7—Almost ev ery one of my readers has at least one share of common stock, and most of you are interested in many more shares Unfortunately, few people realize that there are three very important fac tors involved in the purchase or holding of com mon stocks ASSET VALUE The first factor (but not the most important 1 is asset value To ascertain this, you take the value of the assets from the statement which is sent to stockholders and deduct the total of lia bilities (except for the common stock) The dif ference is the net value of the company. Next,! ed her for the week-end and they returned home Sunday. Marsha Neighbors visited her grandparents, Mr. and Mrs. O. R. Willingham, in Brevard, N. C., recently and on Sunday her pa rents, Mr. and Mrs. Bobby Neighbors, joined them and she returned home. Mrs. Georgia Bishop attended the funeral of her great-aunt, Mrs Bessie Brewington, in Lau rens Saturday. The Charles Youngs, Mrs. Wil liam P. Gastley and David Cra ven were supper guests at the Panorama lx>dge Sunday. The Edward Cravens and Da vid and the William P. Gastleys visited in Laurens Sunday. Mrs. Martha Nantz and Benny, David and Cathy of Morganton, N. C., spent the week-end with relatives, and Mrs. Era Young returned home after a stay with them. Miss Cenn Corley, who is in divide this figure by the number of common training at (he Columbia Baptist shares outstanding. This will give (you the net asset value per share. When you compare this asset lvalue figure just obtained with the price your stock is selling for now, and with the price you paid for it, you will probably be sur prised. Over a period of years, the ratio of net asset value to the selling price may average out {fairly well, depending upon the industry. The more popular the industry or the company, the higher the price will average in relation to net asset value per share. Today, however, most stocks are selling considerably above their asset value. Readers who have a goodly number of shares of the common stock of any company should make the above computation. EARNINGS IN GROWTH Why do stocks often sell for much more than their asset value? The reason Is that most in vestors are looking at the earnings and the growth If the earnings gradually Increase and there is a chance for an increase In the dividend, then these earnings might entitle the stock to sell for the higher figure. In the last analysis, we buy for earnings and not for assets. The Wal dorf Astoria would cost more to build on a prai rie in Kansas, but its assets would be of no use. The wise investor, however, does not consider merely the current dividend. Although the divi dend may have looked good to you at the time you bought the stock, the market may have caught up with it so that the yield is no longer satisfactory at present prices. To ascertain the yield, you divide the dividend by the price. Many readers will be surprised, when they do this, to see what a small yield they are obtaining on the basis of the present price of the stock. You do not figure the yield on the price you originally paid for the stock—but on the price it is selling for today. This means that the growth feature of the stock is very important On this matter you must depend largely upon your judgment COMPETITION The competition to which the company is sub jected may be even more important than the above factors There are two kinds of competi tion. First, that which comes from some new in dustry taking the place of the industry in which your company is engaged Second, that which comes from other corporations which can make the same article that your company makes. Regarding the first, 1 have related In a pre vious release about my young days in Gloucester when the primary industry was granite, and ev eryone then in granite was making money. Sud denly the use of cement was discovered for build ing purposes; and the rapid rise in popularity of the automobile resulted in public insistence that the granite paving stones be covered with asphalt. As a result, nearly everyone in the granite busi ness of my home town went broke, and there are now a dozen empty quarries. The competition of airlines with railroads, of oil and gas with coal, and various other illustrations will come to your mind To keep alerted to this competition, you should carefully read the newspapers and use >our own knowledge of what is going on. Regarding the second form of competition, to keep in touch you must study the relative earn ings of your company and of competing compan ies. This is a difficult task for individual invest ors to do without employing an established in vestment service. hospital, Columbia, spent the week-end with her family, Mrs. Margaret Corley. Sunday dinner guests of the James W. Caldwells were Mrs. Martha Y Nantz and children of Morganton, N C.. and Mrs. Era Young. Visitors of Mr. and Mrs. Dil lard Young and family Sunday were Mr. and Mrs. Jimmy Kirby and family of Greenville. Mrs. Mason Young and chil dren visited relatives in Newber ry Sunday. Starnes Completes Navy Training Course Thomas M. Starnes, air control- man third class, USN, son of Mr. and Mrs. Thomas C. Starnes of Rt 1, was recently graduated from the Ground Control Ap proach School at the Naval Air Technical Training Unit. Olathe. Kansas. Before entering the service in June, 1958, he was graduated from Clinton High School. Major F. Rhodes Gray Court — Major Fred Rhodes, 50, was found dead at his home late Sunday afternoon. He was a native of Spartanburg County, but had lived in Laurens County since 1932. He was a son of the late Major B. and Nanie L. Rhodes, and was a member of the First Baptist Church of Lau rens. Surviving are his wife, Mrs. Katherine Davis Rhodes; two half-brothers, Ben and Landrum Rhodes, both of Spartanburg; three sisters, Mrs. Sallie Black- well of Laurens; Mrs. Lydia Campbell of Owings; and Mrs. Evie Owens of Gray Court; and a half-sister, Mrs. Mattie Collins of Spartanburg. Funeral services were conduct ed Tuesday at 3:00 p. m. at Trin ity Methodist Church near Enoree by Rev. Furman L. Gable and Rev. M. B. Lee. Burial was in the church cemetery. Laurens County Library Bookmobile Schedule For Week of Dec. 11-14 Monday; Mason home, Beeks home, Camak school. Rhett Mar tin home. Tuesday; Providence school, Burdette home, Bishop home, Mississippi Young home, Sanders home. Brown home, Simmons home Wednesday Mountville school, Crisp home, Cross Hill school, B. L. Mitchell store, Norris home, Smith home. Postmaster Adair Urges Careful and EaHy Christmas Mailing Postmaster William D. Adair offered these helpful hints on how to mail your Christmas cards and gifts to insure prompt and safe delivery before December 25th. Use 4c postage on your Christmas cards. Sent by first class mail, they are sorted and delivered first, and if you include your return address on each en velope, they will be forwarded in the event of a change of ad dress, or if they are undeliver able, they will be returned to you. Also, you can write a personal message on the Christmas cards sent by first class mail; whereas, only your signature is authorized on cards sent at the 3c, unsealed third class rate. Avoid careless packing of your gifts. Use strong cartons, wrap in heavy paper, and tie with sturdy cord. Mark packages con taining breakable gifts, “Frag ile”—“Handle With Care.” Put an extra label carrying the re cipients' and senders’ name and address inside every package. In conclusion, the postmaster said, “By taking a little extra care with your Christmas mail ings now, you’ll avoid disappoint ing friends and loved ones. The post office is fully prepared for the big Christmas mail rush, but through your cooperation in mail ing early and often there’ll be less danger of some Christmas cards and packages not being delivered before Christmas ” SHOPPING WEEKS LEFT USE CHRISTMAS SEALS • AND HELP FIGHT TB! = CHEERY . . . WARM-AS-TOAST WINTERS CAN BE YOURS IF YOU INSULATE AND WEATHERSTRIP YOUR HOME Enjoy freedom from cold drafts and save on fuel bills. Home insulation pays for itself in fuel sav ings, in increased comfort — more than you can measure in dollars and cents. SMALL MONTHLY PAYMENTS —Roofing —Siding —Sheet Metal Work —Gutters —Downspouts —Metal Vents —Cy-Craft Fences —Aluminum Awnings —Bonded Built Up and Tar and Gravel Roofs For Free EatimateH — Call or Write • * J. A. SMITH, JR. ' P. O. Box 144 CLINTON. S. C. Phone 833-0325 —Representing— AUGUSTA ROOFING & METAL WORKS. Inc. AUGUSTA. GA. STERLING GOBLET Special fur Christmas $9.95 1850 Reproduction Shaped Goblet—Manchester Silver J. C. THOMAS “It’s Time That Counts” CLINTON JOANNA GIVE THE RSWL futura The only portable with all these automatic big-machine features: ^ Magic* Margin • All-metal Royal ft Twin-Pak* Ribbon • Elegant carrying < Touch Control* included , Magic* Column Set Full-size keyboard Also see the Roy;: 1 'or only Be a bright r \ ;ta...for PENNIES A CA Y I Chronicle Pub Co,. Inc. 109 GARY ST. THERE'S BACKYARD FUN IN A HOME OF YOUR OWN Looking ior a nice home with lota oi space for play? When you find it, and you have the necessary down payment, come to us lor the iinancing We’ll show you how easily you can finance the balance on our home loan plan. Here, every home loan is carefully worked out with the particular family’s needs in mind, and payments are fitted to your income Citizens Federal Savings & Loan Association 220 W. MAIN ST. CLINTON, S. C. CLINTON, 8. C., THURSDAY DECEMBER 7, 19«1 ■Hip (Ulintmt (Ehruniclp EkUbliArd ISM illy 4, IMS - WILLIAM WILSON HARRIS - Jue U. ISM PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Subscription Rate (Payable in Advance) Dut-of-County One Year $3 00, Six Months $2.00 One Year $4.00 Second Class Postage Paid at Clinton, S. C. 1%e Chronicle seeks tbs coopemtlsn si Its subscribers and readies — 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 correspondents. AMERICAN PRESS ASSOCIATION New York. Chicago. Detroit, Philadelphia Cotton Growers To Vote December 12 Cotton Grower* vote December 12 to determine whether quota* will be in effect for the 1962 crop. Wirti quotas, the support level to co operating farmers wifi range between 65 and 90 percent of the June 15 parity price. If quotas are not approved by the growers, the support will be set at only 50 percent of June 15 parity. The Bank of Clinton urges afl cotton growers to give this serious consideration and vote on December 12. BANK OF CUNTON V ' " . Member Federal Deposit Insurance Corporation S% Interest Pali Oa J. C. THOMAS Jeweler Give Beauty... Give Quality.. GIVE BULOVA Butova is truly the gift quality watch... The Watch you can give with pride, wear with pride... because it's made with pride. We are experts in the proper selec tion of gift watches. Come in and get our expert advice and opinion. Tkt q.ittoly cwmd wd Mqr*. Ml it actiM. UN Utn. trim IU UM It csr- MfM awtarproot*, (hock roilttatt, h«( Ivmlnoot id dW. na.it Ite radUtto at 4 ftatMi* Uausuat ablald thasad dtamaada MchllfhlsMi namta. a jamais, m» Nkrtr itAtnua u Firm. tanraar, Met ratMM. jQMamak, —Hot tawa- $71 Jt •raeaM, hMdahm tsar dn» Urn VWm CUMB. 17 dattri. Tha nasr IMT hat Kmia. satt-«Ndh«. maM M lawoN fw flaadaat pw- proof*, ahack raalftaat, ^ ‘ Fsal as little as a week. J. C Thomas, Jeweler CUNTON *It’s Time That Counts” JOANNA