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. -./ y THE CLINTON CHKONICLE CUmtoa, & C, ThumUy, March 14, IMS Two Strikes Against U. S. Textile Industry Textile plants in the United States have one strike against them when they J open their doors for business every morning. And the umpire who imposes this auto matic strike against cotton mills in Clinton, Laurens County, South Carolina, and ev erywhere else in the United States is the U. S. government. It forces American mills to pay $42.50 a bale more for cotton‘than Japanese mills and other foreign plant's pay for the same bale. That fact was dramatically brought to the attention of Clinton people last week when a bale of cotton was displayed in each of the two local banks with signs reading, “This bale of cotton, grown in the U. S. A., cost local textile mills $182.50. Any for eign mill could have bought this same bale for $140.00—or $42.50 less!" And strike No. 2 is also automatically imposed by the umpire (the U. S. govern ment) when foreign-made textile products are allowed to flood the American market. These goods are made by cheap foreign la bor paid at the rate of 15 to 20 cents a day. Agencies of the U. S. government seem ingly have gone out of their way to place stumbling blocks in the path of the Ameri can textile industry’ in recent years. In deed, some officials have gone so far as to state that the textile industry’ is expend able. All for the sake of building goodwill for the U. S. abroad and keeping foreign nations in the Western camp. It’s high time that some concern be exhibited for the cotton growers of the country, the hundreds of thousands of tex tile workers, and the millions upon mil lions of dollars invested in the industry. The future of this great segment of the United States ..economy “depends on how quickly Congress reacts to the need for pos itive far-reaching action,” local textile ex ecutives stated this week. are applied to a lengthy list of articles— leather goods, cosmetics, certain kinds of office machinery, furs, and jewelry. These articles, for the most part, can hardly be considered’meedless luxuries in a nation like ours. They are part of a way of life. They contribute to living standards. And they kre almost universally bought and used. Tax reform is now a principal topic of discussion and; debate.^ One of the best places to start 4 is with a set of emergency excise taxes which are still on the books almost a generation after the emergency’s end. , According to a Department of Agricul ture publication, the persistence of a rela tively high birth rate, a low death rate, and a moderate amount of immigration have made it likely that the U. S. population will rise to 245 million or more by 1980. That is 30 per cent above the present population of 187.5 million. Cress H MRS. HAROLD At Bab«on Discusses Inflation Babson Park. Mass., March 14—Many invest ors in stocks are holding them in belief of com ing inflation. Although inflation would not help non-convertible preferred stocks and bonds, it should help many common stocks. On the other hand, inflation would be a serious matter to most railroad, public utility, and manufacturing com panies. which would have to raise wages, pay more of their raw materials, and yet have dif ficulty raising prices. During the next few weeks I will discuss in this column some companies with inflation-hedge characteristics. ONLY A FEW RAILROAD STOCKS APPEAL TO ME Despite the plight of the railroad industry, the outlook is far from bleak for some of the major roads. Better earnings are showing up with elimination of unprofitable pas senger business, increased effic iency. cultivation of new busi ness. and gradual exploration and development of large land holdings. Atchison, Topeka & Sante Fe is the largest railroad system in mmgmw w. 111 ■ ■ ■ the United States. It is no longer a public; heavily dependent upon agricultural freight. £and holdings produce earnings from oil, lumber, coal, and metals. Union Pacific supplements its revenues from its well-balanced rail freight busines with income from oil and gas production, and dividends from proximately $100,009,000 (the estimated extensive investments—both rail and non-rail. figure, which would more than likely be Hearing Slated On Trotters Shoals Dam Governor Russell has called hearing in Columbia on March 18 (next Monday) on the proposed Trotters Shoals government dam on the. Savannah River. This dam would cost the taxpayers ap- raised by 50 or 100 per cent if it follows the usual course of federal projects). Further, it would flood almost all of the Mead Company's pulp and paper mill site on the Savannah River in Abbeville County. This projected mill would be built on about the only remaining site on which such a mill could be built in this area. The mill would furnish a market close at hand for thousands of our farmers who have converted their former cotton lands to the growing of pulpwood. Then, too, if the Trotters Shoals dam were built it would push out of the picture a tremendous Duke Power Company gen erating plant, which is proposed to be built on the Savannah River at a cost, we un derstand, of about $300,000,000. This would be a tax-paying project—and would cost the taxpayers not a dime. Georgians, across th^ river, are oppos ing the Duke plant in South Carolina while South Carolinians do not think the Trotters Shoals dam should be built. Laurens County citizens should join with others from the state in attending the hearing in Columbia on Monday and express themselves vigorously in opposi tion to the government project at Trotters Shoals. Still On The Books A special task force of the American Retail Federation is campaigning for re peal of the wartime excise taxes. It de serves all success. These taxes, among others, were im posed as an emergency measure during World War II, and it was universally be lieved that repeal would come with the war’s end. But some 18 years have pass ed and the taxes are still being levied. In some areas, at long last, such unfair and discriminatory taxes have been repeal ed. For instance, the taxes on rail and bus tickets and freight shipments were drop ped, and the tax on am fares was halved. But the retail excise-taxes remain. They nia, Colorado. Wyoming, and elsewhere. Northern Pacific serves the Pacific Northwest and the northern tiers of states. Freight is diver sified, among manufactured goods, crops, forest products, oils, minerals. Land grants total over 2 million acres. Canadian Pacific Railway combines a vast transportation empire with a virtual kingdom of natural resources. Its transportation system spans from Asia to Europe, and includes steam ship, air, and truck lines; plus hotels and a tele communication system. Its natural resources include 51% control of Consolidated Mining and Smelting Co., ownership of one million acres of land, and mineral rights to about another 10 million acres, mostly in Alberta. STEEL COMPANIES The steel industry also is under pressure of rising labor costs. Nevertheless, the fundamental nature of this industry enables steel companies to increase their earnings. The largest steel producer in the world is U. S. Steel. The scope of its activities extends into mining, shipping, metals fabrication and the pro duction and distribution of cement and nitrogen ous chemicals. Other properties provide manga nese, coal, and limestone. Increasing emphasis is being placed upon taconite mining and facili ties. Estimated domestic iron ore reserves are close to one billion tons in the Lake Superior region and in Alabama and Utah. The company holds foreign reserves of over one billion tons in Canada and Venezuela. Republic Steel is another domestic steel pro ducer. specializing in alloys and stainlness steel. Reserves of iron ore and coal are sizeable. Re public owns 50% of Reserve Mining Company, which supplies a large portion of its iron ore needs in the form of taconite pellets. It also holds an interest in Iron Ore Company of Canada. A considerable amount of money is spent for research, emphasizing heat-res is tjant high-ten acity steel products for missiles and rockets. Bethlehem Steel Corporation consitutes the nation’s second largest integrated steel producer. In 1962 ingot production came to 14.7 million tons, or about 15% of the industry output. Light steel products recently accounted for about 65% of sales. The company is also the largest U. S. shipbuilder. Capital expenditures in 1962 amount ed to $193 million, with $373 million additional authorized on December 31, 1962, and about as much again scheduled through 1965. The com pany has increased output of pelletized high-grade ores and has extensive iron ore, coal, and lime stone reserves. Cleveland Cliff Iron Mines should also be in cluded in my list. In addition to its own proper- Ues it has large interests in other steel compan ies, and railroad and fleet transportation tions. CLUB MEET The Friendly Garden Club was entertained at the home of Mrs. Ernest Pinson, with Mrs. Jake Rasor as co-hostess, last Tuesday afternoon. f- The Pinson home was dec orated with arrangements of yellow daffodils. , Mrs. Rasor gave the devotion al, basing her remarks on the first Psalnr^, apd closing with a poem. - Mrs. Pinson, president, wel comed the members and visi tors. Mrs. Gary Holcomb and Mrs. Caston of Clinton. During the business session it was decided to have an honor ary roll for the club for mem bers unable to attend. Mrs. J. T. Hollingsworth was appointed to serve o^the beau tification project. Mrs. Hollingsworth and Mrs. J. A. Richardson were program leaders. Mrs. Holcomb,was in troduced as guest speaker, and gave a most interesting dis cussion on “Permanent Flow ers.” She stressed the selection, care, colors and containers and the placing of permanent flow, j ers in the home and also gave some information on using them in churches. She display-: ed a number of arrangements which she had made. Mrs. Hol lingsworth presented her with & lovely flower container. At the conclusion of the pro gram the guests were invited into the dining room where a salad and sandwich plate, lem on tarts and coffee were served from a table appointed with an arrangement of pink gladioli. Mrs. C. S. Pinson and Mrs. L. R. Adams assisted the hostesses in serving. ATTEND RA CONGRESS Rev. W. M. Ussery, Johnny Hipp. Robert Lee Whiteford and James Moore attended the RA Congress at the First Baptist Church in Columbia on Friday and Saturday. Mrs. C. S. Pinson, Mrs. M. C. Pinson. Mrs. Jake Rasor. Mrs. E. W. Pinson, Mrs. J. H. Atchison, Mrs. J. A. Whiteford and Mrs H. L. McSwain attend ed a study course at ML Pleas st Baptist Church Monday eve ning. and heard Miss Dorothy Corbett review the study book, “The Chains Are Strong.” A slide on Home Mission work was also shown. IN STUDY COURSE Mrs. A. D. Bennett and daughter of Augusta, Ga., visit ed Mrs. W. M. Leaman and other friends here Saturday. Mrs. S. J. Verenes and tons of Aiken, were week-end guests of Mr. and Mks. J. T. Hollings worth. ’ Mr. and Mrs. M. C. Pinson visited relatives in Columbia during the week-end. Mr. and Mrs. R. A. Oswald, Mr. and Mrs. George Mayfield of Columbia, were guests of Mr. and Mrs. E. W. Pinson re cently. 1 Several young people here didn't want to be out of this physical fitness trend, so they decided to begin in a small way to keep from having sore mus cles and aching feet. Miss Mary Evans Segars. Dickie Martin, Ernie Segars and Clayton Martin walked down to the Segars’ grandpa rents. Mr. and Mrs. E. P. Boaz- man, who live two and a half miles below town. After reach ing their destination, they de cided to walk back, so they walked five miles as a begin ning to longer hikes. COX HOME & AUTO SUPPLY Joins wHIi rca Victor 1b Bring Yoh BIGHTS IN STEREO r / RADIO AND TAPE RECORDERS RCA VICTOR TOTAL SOUND SEEING ONLY HALF THE ■to (U to TV Am k Is ihM, otanl COLOR ata rca Victor MARK 8 The nouno SVE10 Series With PRAM Tuner: 3VFM Stories Behind “ Words by William S. Penfield / Scapegoat “Scapegoat” is a shortened form of “escape goat,” and comes from a Bible story. v >— The story—in the book of Liviticus—tells of the ceremonies on the day of Atonement, which was ob served annually in the ‘early part of October. One of the ceremonies involved two goats, one of which was sacrificed to God. The sins of the people were symbolically placed upon the head of the other goat, and it was allowed to escape into the wilderness. This ceremony was the origin of the word "scape goat,” meaning a person who bears the blame for an other. ^ Mountville News MRS. MAUDE BRYSON Correspondent Mr. and Mrs. P. H. Miller, ac companied by Mrs. Miller’s mo ther, Mrs. M. D. Smith, visited the Miller’s son, Calvin P. MiL ler and his family in Florence last weekend. They aso visited Dr. Frank Davenport and his sister, Mrs. Eunice Turner,' in TimmonsviUe. ^ Visiting S. B. Goodman, Sr. last weekend were Mr. and Mrs. John Goodman and family of Denmark and Mr. and Mrs. Ar thur Cook and family of Winston- Salem, N. C. Mr. and Mrs. Frank Shealy and family of Lake Murray spent Sunday with Mrs. Shaely's parents, Mr. and Mrs. J. S. Winebrenner. Julia Watts, along with five of her friends at Montreat College, N. C., visited Julia’s mother, Mrs. B. P. Watts over the week end. Mr. and Mrs. James Burgess and son Lee of Florence spent last weekend with Mrs. Burgess' parents, Mr. and Mrs. L. T. Watt. Mr. and Mrs. Frank Simp son and family of Joanna join ed them for Sunday dinner. “-Mr. and Mrs. Francis Duker of> Macon, Ga., visited the lat ter’s parents, Mr. and Mrs. E. E. Carter, during the weekend. Mr. and Mrs. H. D. Tommie visited their son, W. J. Tommie and family in Greenwood on Sat urday. Mrs. Edgar Benjamin and chil dren were dinner guests of her parents, Mr. and Mrs. Tom Owens, in Clinton on Sunday. Mrs. Dan Turner of Charlotte spent Sunday with her father, H. W. Bryson. Mr. and Mrs. Rufus McClain of LaFrance were here Sunday visiting ^their daughter and son- in-law, Mr. and Mrs. Charles B. Bannister and family. Also visit ing was Mr. Bannister’s brother, Roily Bannister. Jr. of Raleigh, N. C. ’ r/ YOUR PROGRAM ENTERTAINMENT FOR THE WHOLE FAMILY TODAY, FRIDAY AND SATURDAY NIGHT MARCH 14-15-16 IN 2 Features: 3:30 and 7:30 Admission 75c and 25c SATURDAY AFTERNOON ONLY “All-Cartoon Show” Also Stooge and Little Rascals Comedies Programs 1:00, 2:30, 4:00, 5:30 25c FOR EVERYONE Starts Monday, March 18 ITS A BLAST! Loaded with Laughs! (: •KUMnaWN \ Shows Start 3:00, 5:00, 7:00 and 9:00 P. M. WATCH FOR THESE BIG HITS— —TWO FOR THE SEE SAW —GIRLS, GIRLS, GIRLS —TARAS BULBA —DAYS OF WINE AND ROSES —TO KILL A MOCKING BIRD LUXURY CAR: RIDES, RESPONDS AND LOOKS LIKE IT OUGHT TO COST A RANSOM looking at our Tmpala Super Sport table which, 10ml F $249.95 ydlk RCA VICTOR FM RADIO CLINTON, S. C„ THURSDAY, MARCH 14, 196$ r Clinton GHprunirlr 1 Establimed 1999 . July 4, 1889 — WILLIAM WILSON wannin _ 12, 1956 PUBLISHED EVERY THURSDAY BY THE CHRONICS PUBLISHING COMPANY Subscription Rate (Payable in Advance) Out-of-County — One Year $3.00, Six Months «M8 One Year HOC Second Class Postage Paid at cifatwy S. C. The Chronicle seeks the cooperation of Its subscribers and all times appreciate wise suggestions and kindly advice. The general Interest when they are not of a defamatory nature, not be noticed. This paper Is not responsible for the views or - tin publisher 'will aft win publish letters ef wM of its , correspondents. South Carolina Pram —-— AMERICAN • i National Advertising ASSOCIATION Editorial it’ color fkMityl picture pamri styling beauty! COME IN FOR A DEMONSTRATION NOW! TRADE IN, TRADE HP TO NEW RCA VICTOR HARR • COLOR TV Up To $150.00 On Tear Old & tay any new 1 I* »Hee i Cox Home & AatoSappli 2DK N. 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If you want an extra flourish or two, mull over extra-coet options like floor-shift four- fmpala Super Sports offer the new Com- fortilt stewing wheel*. You adjust it to suit your driving style, ffick it out of the way for easy entry and exit. All three Chevrolet series—Biacayns, Bel Air and Impala—deserve a long look. Super Sports demand it. f Super Sport ith Impala Co equir it* available on Coupe. NOW 8K VHMfc IKW M V0UR QftgVIgQiC! DEM1RB .. — PLAXICO N. BB0AD8RBKT CLINTON, S. C "I : S.M manual or PowergUde transmission, .v—^aetion, fade resistant aintered-met&l- Ke brake linings, and a tachometer to relay what’s cooking up front. Just before you rush off to your Chevndet ' r, may we remind you that both \ MW Ml m ; . : W '■ iis*. afisp -*•