The Clinton chronicle. (Clinton, S.C.) 1901-current, March 28, 1963, Image 2
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THE CLINTON CHRONICLE
Clinton", S. C., Thursday, March 28, 1963
Jaycees Spearhead
Annexation Movement
Clinton’s energetic Jaycee group, com
posed of up-and-coming young men of the
city, made it known yesterday that the or
ganization is interested in extending the ,
city limits.
The club has taken upon itself the task
of doing the spade work on the project—
and it will be quite a task if the movement
is to be successful.
A Jaycee committee appeared before
City Council at its March meeting, seeking
information on what the city could offer
residents in areas proposed for annexation.
A later meeting with certain city officials
was set up for further discussion.
Annexation procedure as presently set
up under state law’s is somewhat cumber
some and great care must be maintained in
going from step to step in order to meet
the legal requirements. ‘ Tlie present ses
sion of the legislature very likely will act
on a bill or bills seeking to simplify the
procedure. Whether or not afction can be
completed in time (if it does pass) to gov
ern the Clinton movement is problematical.
But even so, the Jaycees can push their
project.
There are certain services which the
city can offer annexed areas immediately
upon joining the city. But there are oth
ers w’hich cannot be provided for several
years.
Reduction in out-of-city utilities rates,
police and fire protection and garbage col
lection are among those which can be put
into effect immediately.
Installation of sidewalks, curbs and gut
ters, paved streets and sewer systems will
have to wait for solution in the future.
They are projects that will cost both the
city : and residents in proposed annexed
areas a great deal of money.
Clinton, Idee other towns, is seeing its
greatest growth in sections at and beyond
the city limits, and it is natural that one or
more of these new residential develop
ments should seek to come into the city.
We are of the opinion that no area
should be subjected to pressure to join the
dty. If a majority of the residents wish
to do so, let them vote freely, their own de
sires, in an election called for the purpose.
We also feel that residents of the dty
will support them in any move for annexa
tion and welcome them as citizens.
The Jaycees are to be commended for
their efforts in getting annexation pro
ceedings underway.
minister a narcotic, a subtle destroyer of
the human spirit It is in violation of the
traditions of America. Work must be found
for able bodied but destitute workers. The
federal government must and shall quit
this business of relief.”,'
^ * .
You are bound to be surprised when you
learn who made the above statement. It
was President Franklin D. Roosevelt. But
ever since he made it in 1935 the federal
government has pursued the opposite course
by getting deeper and deeper into the “busi
ness of relief.” Welfare expenditures to
day are ten times what they were in 1935.
During the last 11 years, alone, these
payments skyrocketed from $4.9 billion an
nually to $37.3 billion a year^--
IF DREAMS COULD GOME TRUE
Babson Continues
Discussion of
Inflation Hedges
"Gang Research”
Senator Douglas of Illinois, who is gen
erally considered one of the more liberal
Senators, has something to say about va
rious expenditures of the -National Insti
tute of Health which is the research arm
of the government’s Public Health Service.
The Senator noted some of the projects
undertaken and grants given by the Insti
tute. Among them: ‘The Oral Health of
Icelandic Peoples, $14,030”; “Investigation
of Information Contained in Echoes, $13,-
837”; “Studies of Silent Thinking, $26,565”;
“Red Tuna and Yellow Fat Diseases in the
Oat, $19,965”; “A Stereostatic Atlas of the
Beagle Brain, $9,775.”
These expenditures, Mr., Douglas went
on, “. . . undoubtedly fostered gang re
search .. . the idea that merely by hiring
a great many people, one can solve, protb
lems and has also encouraged the applica
tion of funds for projects which are not
really very important . . .” —~
What is important is such needless,
drunken-sailor spending in this deficit-rid
den era. The individual sums may seem
small, in the light of the federal budget.
But if the useless wasteful fat were really
squeezed out of the legions of federal bu
reaus and departments the total would be
tremendous. And important savings are
just what the taxpayers need.
Even FDR Urged
Ending Relief
“The lessons of history, confirmed by
the evidence immediately before me, show
exclusively that continued dependence upon
relief induces a spiritual and moral disinte
gration fundamentally destructive of the
national fibre. '■
‘To dole out relief in this way is to ad-
Babson Park, Mass., March 28—A sound in
vestment program should provide protection
against inflation as^ well as deflation. Because
real estate is so commonly associated with infla
tion protection, it might be well to lead off with
a discussion of LAND TRUSTS.
REAL ESTATE TRUSTS
The better-quality land companies have sev
eral advantages: (1) While some of the older com
panies originally garnered their land for agri
cultural purposes, in recent years the discovery
of minerals has introduced a
“kicker” to companies of this
type. (2) There is usually a
basic source of earnings in the
form lof surface leases, water
rights, etc. (3) These companies
operate with little in the way of
plant J a n d equipment invest
ments. (4) Their labor and other
operating costs are at a mini
mum.
***** w - *“**•■ One of the largest domestic
land trusts is the Kern County Company.
It qwns nearly two million acres in California,
New Mexico, and Arizona; and participates in de
velopment of oil and gas properties in Western
Canada, Louisiana and Mississippi, and even
Australia.
Another large land company is The Texas and
Pacific Land Trust, owner of about 1,7000,000
acre * T*** 3 - In 1954 this company transferred
to the TXL Oil Corporation most of its oU, gas.
and mineral rights on its then producing proper
ty. It retained title to virtually all the surface
land, a small perpetual royalty interest in 86,000
producing acres, and a 1/18 royalty in future min
eral production from 387,000 acres.
ESTABUSBED MINING COMPANIES
Mining issues provide another hedge against
inflation. In a sense, mineral deposits are sort
of underground bank deposits. Improved mining
techniques, development of machinery capable
of massive ore extraction, and new methods of
upgrading ore quality help to offset effects of
rising labor costs. Best investments are in com
panies with large ore reserves and undeveloped
acreage.
The American Metal Climax Company has
many attractive features. This company holds
land in Africa, Mexico. Canada, and South Ameri
ca. Domestic porperties are located in Colorado,
New Mexico and Michigan. American Metal
Climax produces more than half the world’s sup
ply of molybdenum and owns the world’s largest
molybdenum mine. The company »!■*> has large
investments in African copper mines. It is a
large custom smelter and seller of non-ferrous
metals. Other lines include a potash mine and
refinery in New Mexico, plus oil and gas inter
ests.
COPPER PROPERTIES
The major copper mines also hold merit for
investors interested in underground mineral de
posits. Kennecott Copper is the world’s largest
copper mining company. Its Utah and Chii* ope
rations are exceptionally low-cost. Ore reserves
of the company are substantial. Kennectt’s in
vestments include a 87 per cent ownership of Que
bec Iron and Titanium and a 13 per cent interest
in Kaiser Aluminum.
The world’s second largest copper producer is
Anaconda. More than two-thirds of its copper is
mined in Chile. In addition, it has mines in Mon
tana and Nevada,, and in Mexico. Anaconda is
also a leading frabricator of copper, and pro
cesses uranium and aluminum. Operating costs
of its foreign mines are low.
Second largest domestic copper producer is
Phelps Dodge, which is a favorite of mine. Nearly
all of its output, the bulk of which is mined in
Arizona, is used by its fabricating plants. It has
a 16 per cent interest in Southern Peru Copper,
and sizeable investments in Amerada Petroleum,
American Metal Climax, and New Jersey Zinc.
A very., interesting article on Arizona appears in
the March National Geographic.
Copper Range is an important copper pro
ducer in the Lake Superior region. Though it
is medium sized and a relatively high cost pro
ducer, it is fully integrated from mines to market.
Turning to the base metals. United States
Smelting, Refining and Mining Company is a
leading producer of lead, zinc, copper, silver,
gold, and even coal. Most of its mining proper
ties are in New Mexico and Utah. The company
is increasing its emphasis pn oil and gas devel
opment. It holds leases, royalty claims, and
mineral options on acreage in various U. 8.
mountain and plains states, and in Western Can
ada.
¥' " • • I
/r COSTAS U S. 33-7 SJIUOA/ ANNUALLY
Stories
Behind
Words
by
William S. Penfield
end with relatives in Green
ville. ,
Mr. and Mrs. Clyde Dugan,
Sally and Stevie, of Newnan,
Ga., spent a recent week-end
with Mr. and Mrs. Lykes Hen
derson.
Mr. and Mrs. W. M. Leaman
spent several days last week in
Savannah, Ga., with Mr. and
Mrs. H. E. Sturgeon.
Mrs. E. A. Adams has re
turned home after an extended
visit with her daughters in Dal
ton, Ga., and Columbia.
Mr. and Mrs.. Carl McGee
and children of Laurens, visit
ed her mother, Mrs. H. D. Mc-
Cravy, during the week-end.
Mr. and Mrs. T. B. Crews of
Spartanburg, were Wednesday
guests of Mrs. Pauline Wade.
Miss Clarabelle Hill, student
at Winthrop CoUege, Rock Hill,
is spending the spring holidays
with her parents, Mr. and Mrs.
J. B. Hill. The Hill family vis
ited in Greenville during the
week-end.
Mr. and Mrs. W. B. Noffz of
Laurens, Mr. and Mrs. B. R.
Gotta Bug?
Coll Doug!
EFIRD'S
Sandwich
Sometimes a person becomes so engrossed in some
activity that he hates to take time out to eat. Such
was the case with John Montagu of England, the
fourth Earl of Sandwich.
Montagu, who lived from 1718 until 1792, liked to
play cards so much that he hated to quit long enough
to go to the table to eat.
He could have had a meal spread on the card table,
but that would have disrupted the game. He solved
the problem by placing slices of meat between two
pieces of bread. In this way he could play cards and
eat at the same time.
This arrangement of mea atnd bread became known
as a “sandwich,” after Montagu’s title, Earl of Sand
wich.
Cress Hfl News
MRS. HAROLD AUSTIN,
REVIVAL BE HELD
Revival services will be con
ducted at Bethabara Baptist
Church March 3-April 7.
Sunday services are at 11:00
a. m. and night services at
7:30.
The Rev. L. L. Lancaster,
pastor of the church, will give
the services.
• » •
Mr. and Mrs. W. L. Larri-
more and children of Heming
way, were week-end guests of
Mr. and Mrs. J. T. Hollings
worth.
Mrs. W. A. Simpson spent
the past week-end in Savannah,
Ga., with her brother and sis
ter-in-law, Mr. and Mrs. J. C.
Hughes.
Several teachers from this
area attended the teachers
meeting in Greenville Friday.
Miss Elaine Austin, sopho
more at Lander College, Green
wood, visited Mr. and Mrs. E.
R. Austin recently. Miss Austin
attended the military ball at
Clemson College over the week
end.
Mr. and Mrs. J. D. Giddings
and children of Charleston,
were week-end guests of Mr.
and Mrs. E. H. McKissick.
Miss Bonny McKissick,senior
at Winthrop CoUege, Rock Hill,
is also with her parents for
the spring holidays.
Robert Reeder of Philadel
phia, Pa., and Ricky Laweon
of Union, visited Mr. and Mrs.
R. B. Segars Sunday.
Mrs. C. R. Howard and
daughters spent the past week-
CLINTON, S. C., THURSDAY, MARCH 28, 19&
{EIjp (Elintun (HljruntrlF
EstabBted 1988
My 4, 1188 — WILLIAM WII40N HARRIS — Jane IS,
PUBLISHED EVERY THURSDAY BY THE CHRONICS PUBLISHING COMPANY
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One Year $8.00, Six Months $3.01
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Second Class Poatags Paid at dinton, S. C.
The Chronicle seeks the cooperation of its subscribers and readers. — the pilritshir will at
all thnaa appreciate wiae suggestions and kfcifty advice. Hie Chronicle will publish letters of
general interest when they are not of a defamatory nature. Anonymous rnmnatelrnttono wiD
art bo aoUcod. This paper is not responsible for the views or opinions of its
AMERICAN
National
ASSOCIATION _
HAMILTON'S
Blue Nile
IMcrsrt Wathosa
—
t .,,fiK 4.
burg, S. C.
Martin and Mrs. Paul Martin
of Greenwood, visited Mrs. B.
L. Mitchell and Miss Charlotte
Mitchell on Sunday.
jWflAnwKX
Program
TODAY •FRI.-SAT.
MARCH 28-29-30
N MON.-TUES.-WED.
APRIL 1-2-3
II isoif fereht.it IS I
MOSIOFALLIN ITS
FYIN6WAY.IT IS A LOVE STOW
Programs
3:00, 5:00, 7:00, 9:00
Saturday: Starts 1 P. M.
COMING—
“TARAS BULBA”
“COURTSHIP OF
EDDIE’S FATHER” *
“TO KILL A *
MOCKINGBIRD”
The Picture With Two
Academy A w»ar d Nomi-
Jack Lemmon, Best Actor
Lee Remick, Best Astresa
Features:
3:30, SiSO, 8:00
i .
ACADEMY AWARDS NOMINATIONS
COMING SOON TO
YOUR BROADWAY THEATRE
“DAYS OF WINE AND ROSES”
Jack Lemmon, Actor — Lee Remick, Actress
“TO KILL A MOCKINGBIRD”
Best Picture: Gregory Peck, Actor; Mary Badham, Best Supporting Role
Watch For These Big Hits Coming Soon! __
“THE COURTSHIP OF EDDIE’S FATHER”
Glenn Ford — Shirley Jones
“IT HAPPENED AT THE WORLD’S FAIR”
Elvis Presley
“FOLLOW THE BOYS”
“MY SIX LOVES”
“TAMMY AND THE DOCTOR”
“MIRACLE OF THE WHITE STALLIONS” (WaK Disney)
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