The Clinton chronicle. (Clinton, S.C.) 1901-current, December 07, 1961, Image 4
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
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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
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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
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CUNTON
*It’s Time That Counts”
JOANNA