The Clinton chronicle. (Clinton, S.C.) 1901-current, March 21, 1963, Image 2
I
r
!
r
THE CLINTON CHRONICLE
Otateft, & C„ Thursday, March 21, 1963
A Thing of The Past
i < si* 1 * ^
Little by little, but with the sureness
of the ebb and flow of the tides, the old,
fine distinctions between the two great po
litical parties of this country have been
slipping away. Party loyalty, as the nation
once knew it, is virtually a thing of the
past. Nowadays it s commonplace for a
Democratic Presidential candidate to carry
a state #hile the Republicans sweep the
local Congressional offices. And vice versa.
There is every reason why this should
be so. Once the parties, and the men who
represented the parties, stood solidly on
one side or the other of issues—bimetal
lism versus a solid gold standard, free trade
versus high tariffs, internationalism versus
a Washingtonian nationalism, more govern
ment power versus a rigidly limited gov
ernment, and so oh down a long, dramatic
list. No longer. As the Portland, Oregon,
Journal, puts the question: “On the basis now ?
of political and social philosophy, for in- sorengthening
stance, why is Senator Hubert Humphrey
in the same party as Senator Strom Thur
mond, or Senator Barry Goldwater in the
same party as Governor Nelson Rockefel
ler?”
So, in these times, we vote for individ
ual men and women, not for a strong, clear
party policy. Whether this is good or bad
is a matter of argument. But the fact ex
ists, and the impact on the American gov
ernment system is profound.
A Profound Irony
The success of France—a name which,
for the moment, is virtually synonyrnous
with Charles de Gaulle—in preventing Brit
ish admission to the Common Market will
certainly prove to be a Pyrrhic victory. It
contains a profound irony. No chief of
state has been a stauncher foe of Commun
ism than General de Gaulle. Yet France’s
action was reported by the Moscow press
with almost unrestrained jubilation, and
with good reason. For it has shaken the
foundations of NATO, and done infinite
damage td the western defense alliance.
General de Gaulle justified his position
on the grounds that Britain is an island
Stories
Behind
Words
William
by
S. Pen field
maritime power, with interests other than
those of the nations of the European con
tinent. A more likely reason is a fear that
Britain’s entry into the market would im
peril the French European leadership he so
passionately believes in.
A definite possibility is a
of American . and British
ties, in all the areas of mutual interest,
with the Commonwealth nations joining.
Europe would be the loser in the long run.
But this may be the only means of cement
ing a powerful Western position.
Babson Discusses
More Inflation Hedges
All Things To All Men
Walter Lippmann, in a recent column
concerning the hard sledding that the Ad
ministration’s tax program is meeting in
Congress, makes a point of deep signifi
cance.
He writes: “In an effort to please ev
erybody a little, very few are left who are
pleased very much. It is a program to cut
taxes and at the same time to raise them,
and no political leader can rouse the peo
ple to follow him in two opposite directions
at once . . . The country is baffled by it.
Instead of focusing public attention on the
vital need to stimulate the economy, each
taxpayer has been invited to see whether
he will lose more by the tax reforms than
he will gain by the tax reductions.”
In other words, the program Undesigned
to be all things to all men, and that never
works. Mr. Lippmann’s case is supported
by mountains of evidence. For instance,
such diverse groups as the major indus
trial associations and the princip«d labor
unions are both highly critical of the plan.
Mr. Lippmann is among the many who
feel that a tax cut is essential now. But
his pessimism over* the Administration’s
scheme is thoroughly based. The political
overtones are too obvious, and a thinking
public has, with every justification, grave
doubts as to its soundness—especially when
it is accompained by proposals for enor
mous increases in federal spending and the
federal deficit.
The West’s Weakness
“. . . both trade unions and employers p
have become technically irresponsible.'
Wage demands are continually made and
continually met with little regard to the j
interests of the people as a whole or the*
well-being of the economy. Prices rise
steadily.”
That observation could have appeare<l
in any one of thousands of newspapers in
this country'. But it didn’t. It comes from
far away—from a lead editorial in the Lon
don Times. And it serves to illustrate a
problem which is common to almost the en
tire west and which weakens its position in'
a divided and chaotic world.
In our own country, prices and costs
continue to inch up. The increases in a
brief given period are small—a fraction of
one per cent. But over months and years
they further erode the worth of the dollar
—and, most important in the long view,
weaken the dollar’s standing in bitterly
competitive world markets.
When labor demands wage increases
greater than gains in productivity justify,
it is, in effect, demanding more inflation.
When employers are forced to agree to such
increases, they are doing precisely the
same thing. And the worst offenders of
all are spendthrift politicians who take a
drunken sailor’s view of deficits.
Babson Park., Mass., March 21—Several fac
tors can help to insulate a company against the
effects of inflation:—(1) GROWTH. A company
experiencing rapid growth will find that its rate
of business increase can lift profits at a faster
pace than the rise in costs. (2) VITAL INDUS
TRY. This includes companies in industries
which are vital to the economy or to consumers
and which can pass on increased costs by raising
prices. (3) DIVERSIFICATION and INTEGRA
TION. Companies whose profits are squeezed by
inflating costs can bolster their position through
diversification and integration. (4) VALUABLE
ASSETS. (Some companies are in the enviable
position of possessing assets which are vital to
their principal business and also potentially valu
able in other respects.
BUILDING MATERIALS
Companies in the builidng materials field also
possess inflation hedge characteristics. Their
timber and mineral properties should gradually
become more valuable. Population growth and
migration are favorable to the building industry’s
future.
U. S. Gypsum is the largest company in its
field; it supplies half the domestic requirements
of gypsum wallboard and plaster, and also 20%
of the building industry’s metal lath needs. The
company also produces roofing material, siding,
insulating material, and paints. Its properties
include strategically located quarries and acreage.
s Masonite Corporation is the largest domestic
producer of hardwood. It has large timber hold
ings in Mississippi and California. The company
also derives oil revenues from its properties.
Diamond National Corporation produces paper-
board, folding cartons, containers, matches, and
wooden ware. It also sells lumber and building
materials. The company owns 500,000 acres of
timber! and.
COAL INDUSTRY
This industry has been subjected to a long
shakedown. Elimination of marginal producers
and the shift to mechanical mining has enabled
the surviving companies to emerge in a stronger
position to benefit from the growth in coal con
sumption by steel and electric power plants. Also,
research being conducted could lead to discovery
of new uses for coal. In addition, many compan
ies are diversifying into other fields.
Consolidation Coal is the largest domestic
producer of bituminous coal, and has substantial
coal reserves. The company is a Joint owner
with Freeport Sulphur—in a potash mining ven
ture. ,
Eastern Gas and Fuel Associates is a large bi
tuminous coal producer, rapidly becoming a gas
utility. Its wholly owned Boston Consolidated
jGas is a consistently important contributor to
profits. The .company just recently exchanged its
holdings in Norfolk and Western Railway (divi
dends from which had provided about half of East
em’s earnings in late years) for its own shares,
and also called some of its bonds. This reduce*
Eastern’s number of outstanding common shares
and simplified its capitalization. Insofar as future
income is concerned, the company’s coal, river
barge, and other operations will from now on be
come far more significant than in the past.
Columbia Gas System is one of the largest
gas utility systems in the country, serving the
Eastern, Central, and Mid-Atlantic regions. It
owns over 400,000 acres of land in the Atlantic-Ap-
palachian region which contains large coal, oil,
and gas reserves.
CHEMICAL COMPANIES
I believe American Agricultural Chemical is
one of the oldest and largest producers and dis
tributors of fertilizers. It also manufactures phos
phoric and sulphuric acids, phosphates, and fluo
rides. The company owns 60,000 acres of land in
Florida, underlaid by beds of phosphate rock suf
ficient to sustain production for 80 years.
International Minerals and Chemical is an im
portant producer of mixed fertUizer, and a major
producer of phosphate rock. It also produces pot
ash and phosphate-based industrial chemicals.
Extensive mineral and land holdings are located
in Florida, Tennesee, Idaho, New Mexico, and
Canada.
Silhouette
In 1759, Etienne de Silhouette was named French
minister of finance. A war in which France was in
volved had just ended, and the government was fi
nancially exhauted.
In order to rebuild the country’s finances, De Sil
houette adopted severe economic measures. Costs were
cut as much as possible.
The money-saving program extended even to paint
ings. Instead of having portraits painted, it became
the fashion to have outlines drawn of the profile and
filled in with black. These outlines looked like shad
ows cast upon a wall.
From the name of the man who popularized them,
these shadow-like pictures are called “silhouettes.”
mother, Mrs.
Mountville News , lso vlimng Mrs _
M. F. Workman
Rush Millam of
MRS. MAUDE BRYSON
•aitUstmmirflUTWl
Mr. and Mrs. H. M. Bryson of
Newberry visited Mrs. Rhett
Bryson and other relatives here
on Sunday.
Mr. and Mrs. J. W. Miller
spent several days last week in | Li n( j a
Aiken with their daughter and
son-in-law, Mr. and Mrs. Mark
Pitts and family.
Mr. and Mrs. Charles Banni
ster and family spent Sunday
afternoon in Belton with Mr.
Bannister’s aunts, Mrs. Annie B.
Welbourne and Mrs. Stella B.
Day.
Mr. and Mrs; Arthur Crisp of
Elberton, Ga., visited the form
er’s brother, W. E. Crisp, on Sun
day.
Mr. and Mrs. J. H. Elledge of
Ware Shoals visited the letters
parents. Mr. and Mrs. P. W. Fin-
ey on Sunday afternoon.
Mr. and Mrs. Tom Maddox
and daughter Emilie of Fountain
Inn were dinner guests of Mr.
and Mrs. Jerome Finley on Sun
day.
Visiting Mr. and Mrs. J. H.
Thomason, Jr., on Sunday were
ier brother and family, Mr. and
Mrs. E. L. Faircloth of Laurens.
Col. and Mrs. W. H. Finley
were dinner guests of Mr. and
Mrs. AKon Finley in Greenville
Saturday.
Some of our folks are still
shut-ins with flu.
Mrs. Bill Ward underwent sur
gery at Self Memorial Hospital,
Greenwood, last Friday. She is
recuperating nicely.
PARTY OF BIRTHDAY
Mrs. J. H. Thomason, Jr., hon
ored her daughter Jamie with a
party on her seventh birthday,
March 16.
Twenty-two guests gathered at
the Grange Hall which was dec
orated with balloons and high
lighted by Japanese lanterns.
Following appropriate games,
the hostess served cup cakes and
soft drinks. Party favors for the
guests were balloons.
Assisting the hostess in enter
taining was her daughter, Miss
Lynn Thomason.
Workman.
Mrs. J. A. Whiteford and son
Wade and Mr. and Mrs. Donnie
Coker of Clinton visited Mr. and
Mrs. H. E. Bishop and other re
latives in Greenville Sunday af
ternoon.
Mr. and Mrs. H. R. Smith and
Smith of Columbia are
this weeks’ guests of Mrs. F. S.
Cole.
James Bostic of Ware Shoals
spent the past weekend with Cal
vin Bostic.
Mr. and Mrs* Harry Coward
of Spartanburg were at their
home on Lake Greenwood for the
weekend.
The most beautiful sight in
town this Monday morning is the
large pink Japanese Magnolia
tree which is in full bloom in
front of the home of Mr. and
Mrs. Kenneth Hanna. Almost
every year the buds are killed
by the cold before they can burst
into bloom but this year condi
tions must have been just right
in spite of the extreme cold wea-
ther. — —-———
’ -Not only is the tree a pretty
picture but the ground under
neath is covered with pink pe
tals which looks like a pink car
pet and makes a perfect picture,
i Mrs. L. D. Hanna who lives
with the Kenneth Hanna’s
says“Although we did not plant
the tree we are enjoying its
beauty. I have given some of the
branches to friends and one has
one growing in her flower gar
den now.” The tree is probably
one of the oldest and best be
loved in town.
Clinton Hi-Lights
By MARJORIE ARNOLD
Barbara Anderson, the daugh
ter of Mr. and Mrs. Jim Ander
son, has been chosen Student
of the Month for March. During
her four years at Clinton High,
CLINTON, S
THURSDAY, MARCH 21, IMS
£l)r (Clinton (Ettranirlr
t EstablUhed 19M
July 4, 1889 — WILLIAM WILSON HARRIS — Jane IS, 186S
PUBLISHED EVERY THURSDAY BY’THE CHRONICS PUBLISHING COMPANY
Bahacription Rate (Payable in Advance)
Oubof-County
One Year $8.00, Six Months $2.00
1 One Year K00
Second Class Postals Paid at Clinton, S. C.
The Chronicle seeks the cooperation of its subscribers and readers. — the publisher arffl at
all times appreciate wise suggestions and kindly advice. The Chronicle will letters of
general Interest when they are not of a defamatory nature. Anonymous ^ wffl
not be noticed. This paper is not responsible for the views or opinions of its
AlfXRICAN PRESS ASSOCIATION
South Carolina Press Aasodatton, National Editorial Association
National Advertising Representative
New York, Chicago, Detroit, Philadelphia
Crass Hi News
MRS. HAROLD AUSTIN,
Correspondent
Mr. and Mrs. J. C. Bolt had as
their guests during the past week
Mr. and Mrs. Robert Bolt and
children of Brevard, N. C., Mr
and Mrs. W. A. Robinson and
children of Greenville, Mrs.
Maude Williams of Laurens and
Mrs. Tom Williams of Mont
gomery, Alzj. Also Mr. and Mrs
J. G. Cunningham of Griffin,
Ga., who are still visiting in the
Bolt home.
Mr. and Mrs. Z. L. Madden
of Spartanburg visited the farm
er’s sister, Mrs. H. L. McSwain
during the weekend.
Mrs. W. M. Leaman spent sev
eral days last week with her
daughter and family, Mr. and
Mrs. Gene Shillinglow at Rock
Hill.
Mrs. Gladys Davis, Mr. and
Mrs. Charles Davis and son
John of Sumter and Mr. and
Mrs. Bill Barrow and little son
of Greenville were recent guests
of Mr. and Mrs. J. B. Hill.
Mrs. Wreathea Fagan spent
the past weekend with her daugh
ter in Columbia.
Mrs. Thomas McAuley, Mrs.
Jean Anderson and son Tommy
of Greenwood, were Sunday
guests of Mr. and Mrs. W. A.
Simpson. .
Mrs. L. D. Hanna has return
ed home after an extended visit
with relatives in Charleston
Mr. and Mrs. G. F. Williams
and family were Sunday guests
of Mrs. Marian Beeks at Wars
Shoals.
Miss Carolyn Coleman of
Spartanburg spent the weekend
with her parents. Mr. and Mrs
J. H. Coleman. Johnny Coward
also of Spartanburg waa
the Coleman family for the week
end.
Mr. and Mrs. Frank Norris of
wood was tbs guest of bis
<1
i ± \
BONN
Aft
8:00 P. M. — March 25
BELK AUDITORIUM
Barbara has been active in the
FHA, the Latin Club, and the
Beta Club. She has served as
president of the National Junior
Honor Society, treasurer of the
National Honor Society, and as
a Junior Marshal. This year she
is senior class secretary, typist
for the Clintoaian, and a Fur
man Scholar.
• • •
At the National Honor Society
meeting in Tuesday, March 12,
members saw a film on person-
to-person communication. Tbs
film stressed listening, to others’
problems and seeing various
prints of view as ways of im
proving understanding between
people. The chib is also making
plans to sponsor Religious Em
phasis Week in April.
At the March FHA meeting
last Tuesday,.. J- C. Thomas and
Mrs. D. R. Holland of J.-C.
Thomas Jewelers/ gave a talk
on crystal, china, and silver.
They pointed out ways to judge
the quality of crystal and china,
named the various pieces of sil
ver, and illustrated attractive
place settings.
In Greenwood on Thursday,
March 14, tht Clinton FHA mem
bers attends^ the Bi-County
meeting. Dianne Ledford took
part on the program as bi-county
treasurer. The Clinton
also presented the
“One Little Candle.” Taking
part were Carolyn Mills. Nancy
Bagwell, Kathy Bledsoe. Betty
Black, Barbara Fraser, Betty
Jean Johnson and Myrtle Wil
liams.
Sue O’Dell of Joanna, was
elected a district officer for
1963-64, and Cindi Stroud of Jo
anna, was elected a candidate
for state second vice-president.
v — * • •'
At the Transportation Club meet
ing last Thursday new members
who have just completed the bus
driver training course at CHS.
were given copies of the club
rules and the point system of
driving. Members also discussed
the annual club banquet and the
Bus Drivers’ Road-E-O.
CHS’ers Jane Milam. Joe Get-
tys and Janice Pinson visited
’62 graduate Bunky Blalock at
Davidson last week-end. The
group beard a concert by the
Lettermen and attended a dance
Saturday night.
Your
iMJADWK'i
Program
TODAY THRU SAT.
MARCH 21, 22, 23
mOlSONnawWVNN
Features Start
3:20, 5:20, 7:20, 9:20
Starts 1:00 P. M_ Sat.
MON.-TUES.-WED.
a
MARCH 25, 26, 27 x
*
Sparkling Adult Comedy
Shows 3:00. 5:30, 8:04
Has V-8...will
Just out! A hot n«w V-&tojdd now fira to tha Comat fwHM+Mi la*. W* cii fcfia
You’ll call K a pistol! It’s avaHabla In any Comat—jaunty
roofjine, station wagons, racy buckst-saat S-22's, and Oomafa
top. And Comat adds to your fun with new aervice-aavsra raduOa
brakes, anti-freeze,, oil and lubrication. No wonder Comat holds Ae top
resale value record in Ha etas. Your Mercury dealer's got the Comet
you're interested in... and keeps his interest in the* Comet you gall
C0MCT • MCICON • MCNCUNV... PNOOUCTS OF
fOt M YEARS THE yrMSOt at
If Yeu’re
fhtrlnnn OflflMUt.
U CMmefe dfeMnii
u
Buwsrea
!■ A Om* IM A* » »■« 1* Ov M <
BALDWIN MOTOR CO.
NOKIH BROAD 8TKBBT
UJf
IW\*.