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* THE CLINTON CHRONICLE Thursday, April IS, Clinton-Joanna Area Becoming Industrial Giant v The ten mile by three mile section of lower Laurens County that embraces the Clinton-Joanna area is an immensely im portant industrial segment—and is frowing by leaps and bounds. That was the conclusion to be drawn from figures compiled by Hugh L. Eichel- berger, executive vice-presidant of the Clinton Chamber of Commerce, and present ed at the annual dinner meeting last Thurs day night of the Chamber and service dubs of Clinton. Most of us here on the ground see new construction going up—industrial, institu tional and residential (all of which denotes growth)—but we take it in stride without realizing the full import of its meaning. It is only when the total picture is brought into focus that its extent is visualized. Mr. Eichelberger’s figures show that industrial expansion in the Clinton-Joanna area during the past year, induding proj ects completed or started, reach a total of $16,426,563. Further expansion planned for the future months will add another $3,730,- 000. These industries employ at total of 4,367 persons, with 220 more jobs to be created by new expansion. The annual industrial payroll for the community reaches a total of $14,334,088. Our institutions show a like picture. Projects completed or started during the year will add $2,176,000 to their assets, with another $760,000 in the planning stage. Em ployees total 886, with payrolls of $2,710,- 000. Putting it together, we have $17,600,563 in completed or started expansion for the year, with $4,480,000 in the planning stage for both industries and institutions, provid ing 5,262 jobs with 220 more to be added. Payrolls total $17,044,088. Nor is that all. New home construction is keeping pace. One builder alone is said to have built 100 homes for a total of $1,000,- 000. Others added to the total. All this is “new growth" and planned for immediate months. We didn’t have it the year before* Piled on top of what we already had, it adds up to a giant of a com munity^ We of this section can take heart, and realize that we are in the midst of an ac tive, busy area which is constantly expand ing and which has an unlimited potential for the future. A Beauty Spot The Charleston area is attracting thou sands of tourists from all parts of the coun try who come to see the beautiful gardens. During the past few weeks, reports state, people have been flocking to view these mag nificently designed planted areas. Clinton can boast of at least one garden spot that is well worth seeing. Not only can local residents see it almost at their front door but it is well worth the time for people of nearby sections to spend an hour or two viewing the beauitful display. We refer to the campus of Thomwell Orphanage. Azaleas, dogwood, roses and other flow ering plants are everywhere, and together with the wide expanse of well-kept lawns they make up one of the most beautiful sights afforded anywhere. Officials, workers, and children welcome visitors. We urge you to see it. Band Members Excellent Performance The spring concert Friday evening of the Clinton High School and Junior High bands was a noteworthy event. School of ficials, leaders parents and the young mu sicians themselves can well be proud of the high degree of musicianship exhibited. The quality of their performance was of a high order and denoted long hours of diligent practice under the capable direction of Harry Bouknight. The fifty-four members of the High School band and the thirty-three of the Jun ior High group furnished an evening of ex cellent entertainment for the packed house that attended the program. A special feature was the short program by “The Devilettes,” a select group of fif teen members of the High School band. Composed of piano, bass, saxaphones, trom bones, cornets and drum, this combination especially delighted the audience. DaDSon JL/iscusses Depressed Stocks Babson Park, Mass., April 19—A book has re cently been prepared by Mr. H. G. Olson of my organization, giving charts, earnings, prices, etc., for the common stocks of 100 well-known companies. In view of the high level of the Dow Jones Industrial Average (up from 905 ten years ago to around 700 today), I have made a partial analysis of these 100 stocks. The book should in terest every investor. RAILROADS AND AIRLINES Of course, the principal rairoads are in this list, with the Pennsylvania and New York Cen tral included. No wonder they are trying to merge today as their only sal vation. Among the other rail road stocks which have had a hectic record are the Chicago, Milwaukee, St. Paul A Pacific; The Chicago, Rock Island & Pacific; the Reading Co.; and the Erie-Lackawanna. The stocks which have suffer ed the most are the airplane stocks. Trans-World Airlines, one of the largest, sold at $8( per share in 1948 and is selling around $10 today When we consider the aircraft manufacturers, we find that Douglas Aircraft Co., which I consider one of the best, sold at $95 in 1966; but sells for less than $40 today. Eastern Air Lines sold at nearly $60 in 1955; but sells today at less than half that price. AUTOMOBILES AND FOOTWEAR Among the active high-grade automobile stocks is that of the Chrysler Corporation, which comes next, in my opinion, to General Motors and Ford as the best three. Chrysler stock has dropped from about $106 in 1959 and 1965 to around $50 today. The Ford stock was brought out at about $70 a share in 1966, but aeon slump ed below $40 due to sales by “Dee riders” looking for a quick profit. Ford climbed above $90 V ~ L«€iT€TS To The Editor The Editor, Clinton Chronicle, Clinton, S. C. I am not in the habit of writ ing letters to the editor, but I feel it is my duty as a conscien- er tious citizen of Clinton to write this. There are rumors that we are to have a truck by-pass around Clinton. 1 feel this is a very good thing; but I object most strenuously to the propos ed location. Surely anyone who has ever been very 111 in a hos pital knows how noise can dis turb your rest. It * is on this basis that 1 base my objection. To keep the matter dear, may I state that I am not a' property owner on any of the proposed routes. My interest is only that of a possible future patient of the new hospital. I can imagine nothing worse than lying sick in bed, and having to listen to noisy trucks grinding to a stop; and starting off again, right out side my hospital window. If I am not mistaken, there are existing roads a few miles opt of town that could possibly be widened and used as an al ternative route. This would also serve to save the taxpayers i little money. May I suggest that the com mitt* in charge of this needed by-pass consider these factors, as well as the traffic hazard that might develop between trucks and hospital-bound auto mobiles. In the interest of a Better Clin ton, r remain, Most sincerely, JAMES E. WOLFE News Of londs Cross Roads Mrs. Roland Smith and (laugh er, Rebecca, and a granddaugh- tr, Susan, of Lyman, spent Thursday with Mrs. Felton Coop- Mr. and Mrs. James Evans attended the kickoff banquet for tie cancer drive at the Mary lusgrove Hotel. - OSWALT REUNION The descendants of John Oswalt I athered Sunday at the Shady Grove community club house for a family reunion. * • • Recent visitors to the gardens Orangeburg were Mr. and Mrs. James Evans. Mrs. Mildred Cause, Mr. and Mrs. James Evans spent Sunday with relatives in Abbeville. PRESBYTERIANS VISIT HOME IN SUMMERVILLE On Sunday a number of Shady Grove Presbyterians went to Summerville to visit the Presby terian Home where Richard Bo ld, pastor of Shady Grove conducted services. Following services the group was served dinner. Among those making the tour wore Mr. and Mrs. Richard Boland and young son, Edward, s. Maggie Marshall, Mrs. Mar garet Berry and daughter, Kathy, Mr. and Mrs. R. L. Webb and granddaughter, Gail Moody, Mr. and Mrs. C. A. Wright and sons, Steve and Buddy, C. A. Wright, Sr., Mrs. Cecil McCoy and son, Mrs. Crow, and Junior Morgan. Around Clinton High By JEAN ARNOLD in Ralph T. Moore writes in the Oregon Voter: “There has been much of pious pro nouncement and noble platitude but little of real accomplishmnt in coping with our unemployment problem to date. This writ er is convinced that this is because we are going at it from the wrong end by using government when we should be using American industry itself. We give exclus ive attention to the drum-majorettes who lead the cheering when we should be devel oping the team that has to play the game, and upon whom the winning or losing ex clusively depends. Our nation’s growth has been best and strongest during periods of least governmental interfprenrp wilh -busi--. ness. Yet now we are staking our chances on the very government intervention that so hampered us at times in the past.” 1969; again fell to $00, but is now near $100! Whether or not the increase in automobile rid ing has raised havoc with the shoe industry, I leave to you readers. The stocks of two large shoe manufacturers—International Shoe Co. and Endicott Johnson Corportaion—have had an un fortunate record. The International Shoe stock has dropped from about $50 to less than $80; while Endicott Johnson has declined from $50 to $20 today. This same trend applies to men’s and women’s clothing as shown by the record of Bond Stores, Inc.—and to floor covering compan ies such as Congoleum-Nairn.' FARM AND OTHER MACHINERY STOCKS I am sorry to see that J I. Case’s stock has de clined from nearly $40 in 1961 to less than $10 today. It has paid no dividends since 1965, but manqfacutres a full line of good farm and earth moving machinery. With the farmers prosper ous and the great road-building campaign ahead, it seems to me this company should do better or else change its management. I think it is now taking needed action. Let us hope so. Another machine company which is being hon estly operated, at Waterbury, Conn., is the Sco- vill Manufacturing Co. The stock of this com pany sold at nearly $50 per share in 1945-46; has had “downs and ups” since then and now sells at about $25 per share. The Rheem Manufac turing Co.’s stock sold at $45 in 1955, dropped to $10 in 1957, and now sells around $15. Foote Mineral’s stock sold at $60 in 1967 and now sells around $20 per share. I have faith in this com pany. NEW MINING COMPANIES One of the most interesting mining stocks is that of the U. S. Smelting, Refining A Mining Co. This sold at over $80 per share in 1946 and again in 1952. It has sold at $40 or lower since 1957. New Jersey Zinc sold at over $80 per share in 1951 but now sells for less than half this. Is land Creek Coal sold at over $50 per share in 1966 and now sells for about one-half this. Hudson Bay Mining A Smelting sold around $100 in 1966; - xuxm .sells Jor JOS—Consolidated HftBlBf R fteife ing showed a similar trend. Most of the steel companies are doing well; but the stock of the Pittsburgh Steel Co., which sold above $35 in 1956- 57, has recently sold at $10. A short week and the anticipa tion of holidays has raised the moral of CHS students. Easter holidays begin today, Thursday, with the students returning to classes Tuesday morning. The Easter vacation activities will be limited to a certain degree for some—report cards were is sued yesterday. * » • The annual Junior cake sale was scheduled today. Profit from this project, which is sup ported by the Junior dan each year, goes for the Junior-Senior Banquet, May 4. All homerooms have a chance to bid for the cakes which are on sale. • * * The student council will spon sor a Bermuda Hop tonight in the high school gymnasium. The dance will be held from 7:80- 11:00. * * • The Transportation Club will have a bowling party tomorrow night (Friday). The club mem bers and their guests will be ac companied by Mr. Avery Smith club advisor. • * • The teen-age driving rodeo was held last Sunday in the Community Cash parking lot. Jim Addison won first place while Harold Coleman and Scooter Holcomb took second and third place, respectively Jim won the opportunity to at tend the state contest this sum mer. OFFICE SUPPLIES CHRONICLE FUR. OO. DIAL SSS-6641 Gotta Bug? Call Doug! EFIRD'S IxtenNiiMtinf Co. hw. dm mm* CLINTON, S. C., THURSDAY, APRIL It, 1962 alt;? (Eltntmt (Chrmtirlr Established 1990 July 4, 1889 — WILLIAM WILSON HARRIS — June IS, 1955 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBUSHING COMPANY Subscription Rate (Payable in Advance) Out-of-County ! One Year $3.00, Six Months $2.00 — One Year $4.00 Second Class Postage Paid at Clinton, S. C. The Chronicle seeks the cooperation of its subscribers and readers — the publisher will at all times appreciate wise suggestions and kindly advice. The Chronic’e 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. —■ , - ■■■ . , ... - - ... . Member: South Carolina Press Association, National Editorial Association National Advertising Representative AMERICAN PRESS ASSOCIATION New York, Chicago, Detroit, Philadelphia Fi COMPANY 112 Broad St M Clinton Phone 833-2670 117 PnUk Square, Laur Phone 2-5412 After the vigit ta tfc „ group visited the gardens. . • • • Mrs. Bessie Johnson and Mrs. Texie Johnson were among thoae attending the wadding of Jayne Workman to Felix Toney at South Main Street Church in Greenwood Sunday afternoon. Mr. and Mrs. N. A. Shout wans in Greenwood Sunday to attend the wedding of Jayne Workman to Felix Toney. COMMUNITY CLUB MEET The Shady Grove Community Club will meet Saturday at 7:$0 at the club house. Ladies will served a covered dish supper. COUNCIL TO MEET The spring council of the Lau rens County Home Demonstra tion Club will be held Thursday, April 19, at Durbin Church. Mrs. Jerry Autry will be the principal speaker, telling of her experiences as a summer mis sionary in Africa. A number of Shady Grove club members will attend. School District 5$ School Lunch Menu Week cf April 24-27 TUESDAY Milk, sliced luncheon meat, sliced cheese, turnip greens with roots, candied sweet potatoes and apples, corn bread, butter, and raisins. WEDNESDAY Baked navy beans with beef, grated carrot and cabbage slaw, pickled beets, corn bread, butter, and cherry pie. THURSDAY Milk, chicken stew with vege- earrot Milk, fried fish, tartar stewed tomatoes with rice, green beans, hot rolls, butter, sad SETTLEMENT Taka notice that on the Hill day of May, ISO, 1 Will render a final account of my acts aid do ings as Executrix of the estate of Gus W. Hollingsworth in the office of the Judge of Probate of Laurens County, at 10 o’deok a. m. and on the same day will apply for a final discharge from my trust as Executrix. Any person indebted to said ee- tate is notified and required to make payment on or before that date; and all persons having claims against said estate will date. <hdy pwwft or kt 4. . ft ■■.. RACHEL. M. HOLUNOS- W9RTH, April 18, 1862 la The Installations And Repair Serifes • Plumbing • Electric — Can — Joe V. Edwards 831-2333 WITH SAVINGS! Aad year savings art safe with as! Yes, tbs af yoar savings Agency. Yoar oa the dollar here as idlKTU. /■ LVelYdllCIM are bathed by to $10,000 by a US. seofury’s always worth Citizens Federal Savkgs & Loan Assodstion 230 W. MAIN ST. P CLINTON, 8. C. Tnlwphonn Talk ly t m wissfemwo itsaa THE EDUCATION-FUNDS fADE cf the American k |» bfooren thi* cancel facti. you dkfart know: whom cancer if striking can be cured! At the present rate, cancer win strike in two of every three homes, and one of every four people. It is the major fatal disease afapgt which individuals can do the moat now. MORE THAN just a fund drive, the Cancer Society’s Education-Funds Crusade has four important objectives. (1) Warn of the dangers of cancer. (2) Arouse to the fhaiy^t of cure today and the importance of continuing research. (3) Impress with the importance of acting on the precautions in the American Cancer Society literature. (4) Encourage thoughtful giving in proportion to the seriousness of the problem. WHfXfVCX MCO... 60 FIRST 9Y LONS DtSTAHCf BELL TELEPHONE users can call 138,239,700 tele phones, 97.6 per cent of all the telephones in the world. According to the latest edition of the “The World’s Tele phones,” recently released by the Bell System, there wen 141,700,000 telephones at the beginning of 1961. (Al figures in the report are as of January 1, 196), siuca it takes a year to collect and compfle the data.) At that time, the United States had 74,342*000 telephones, moft than 40 per 100 persons. Russia had about two kkfkmm for every 100 persons. Today, there are 77,500,000 tele phones in this country. WWW GOING SHOPPING? Let your fingers do the walking shop the Yellow Pages way! • •• b Metro-Goldwyn-Mayer presents Samuel Bronston's Production CLAUDIA PONTIUS PILATE Starts Friday, April 20 I FOR 8 BIG DAYS APRIL 20-21 and 28-28 Playing Today far the “DON’T KNOCK THE ROCK* Monday Through Friday Features 3:20 and 7:30. (Not Continootm) Saturday: 1:20, 4:20 and 7:30. (Not Continnoua) Admission: Aduha—Matinee 85c; Night $1.00 Students 75c; Children 50c (AD Day) Balcony 75c and 50c