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A THE CLINTON CHRONICLE CUbUmi, S. C n Thonday, June 27, 1268 Elimination of Two-Price Cotton Pushed To Aid Textile Industry ‘Two-price cotton is your problem—directly or indi rectly—whoever you ere.” That is the note on which The Joanna Way, monthly /publication of Joanna Cotton Mills, Clinton’s neighbor just six miles down the highway, introduces its June is sue. The entire 16 pages of its 9xl2-inch size publication are devoted to a thorough-going presentation of the ills of the cotton industry—led by that greatest-of-all-in- equity imposed by the U. S. government: two-price cot ton, under which cotton textile plants of the U. S. pay $42.50 more for a bale of American cotton than do for eign mills. The magazine goes on to seek support for the so- called Cooley bill, HR 6196, recently introduced in the Congress, which would, in effect, offset the two-price cotton system by payment “in kind,” that is, cotton held by the Commodity Credit Corporation, to cotton textile plants Almost doubling the usual order of 3,500 copies of the magazine, the publishers this week are mailing copies to all 100 United States Senators and all 437 members of the House of Representatives, accompanied by a per-, sonal letter from Walter Regnery- vice-president and gen eral manager of Joanna Cotton Mills, seeking their sup port of the Cooley bill. Copies also went to about 160 cotton textile presi dents and executives, urging their support of the measure. A widespread list of personnel having connections with the industry also received copies of the magazine. The special issue of the publication, edited by James P. Sloan, Joanna’s director of industrial relations, con tains about as complete a brief for the ailing cotton tex tile industry as we have seen. It is a monumental effort. In presenting its case, The Joanna Way says: The textile industry historically has opposed any sort ESniNU .COST of payments program; reluctantly it has agreed to sup- such a program now only because there seems to othei* Way to achieve a one-price system in the foreseeable future, and, at the same time, maintain a price to domestic growers in excess of the world price. However, the decision to support a payments program is made easier by the fact that a “payment-in-kind” ap proach can be used—that is, payments in government- held cotton rather than in cash from the Federal Treas ury. The “Paymeats-in-Khid” Approach As of today COG owns 4.689 million bales of upland cotton; it has loans outstanding on 5.511 million bales, making a total of 10.2 million bales. ' Because there is not enough “free” cotton in the nor mal channels of trade to satisfy domestic and export re quirements, a portion of the loan.cptton will be redeemed prior to the beginning of the new crop year, August 1, 1963. It is estimated that on August 1, after COG takes title to the remaining portion of these loan stocks, it will own outright 8Vfe million or more bales of cotton,* repre senting an investment of approxmateiy $1.4 billion. By law, none of this cotton is available for domestic consumption except at 115 per cent of the support price, plus carrying charges. Under the export program, how ever, it may be sold at 8Vfe cents a pound below the do mestic market price. Thus the disparity to the domestic industry will be substantially greater than the 8% cent differential. ‘ , Except in the event of a national emergency or highly unusual crop circumstances, virtually none of this cotton is likely to be withdrawn for domestic consumption. The price, under the 115-per-cent-withdrawal feature of the law, is completely prohibitive. Thus, CCC will never realize more than the world price for practically all these burdensome stocks. This being true, the question immediately arises as to how the stocks, on which CCG will take heavy losses anyway, can be utilized to achieve, the objective of a one-price system for American cotton, and, at the same time, create maxi mum dollar returns to CCC’s treasury. , A very broad cross-section of the entire American cotton economy strongly recommends the immediate utilization of these CCC stocks for a payment-in-kind pro gram to make cotton available to domestic mills at the same price it is sold for export. Adoption of a cotton program ending the two-price marketing system could reasonably be expected to pro duce these results: (1) Restore confidence of all segments of the Ameri can cotton economy, which will lead to increased cotton consumption, increased investment and employment in cotton production, textile manufacturing, and apparel manufacturing; ] (2) Encourage normal trade channels to retain cotton that otherwise would go into Government stocks thereby increasing CCC funds immediately by several hundred million dollars; (3) Reduce drastically CCC expenditures for storage and interest on government-held cotton; (4) Assist in the U. S. admnistration of the Inter national Cotton Textile Trade Arrangement; and (5) Initiate a movement toward reducing the cost of the Government’s over-all cotton farm program. In short, a revitalization of the whole American cot ton industry would occur with the elimination of the two-price system. It would restore confidence in cotton and’open the way for increased textile manufacturing and apparel manufacturing. It would enable the cotton industry to get out of the doldrums and make an important contribution to the na tion’s economy. . ‘ ' v The bill introduced by Chairman Cooley, D-N.C., of the Hous4 Agriculture Committee, embodies most of the provisions of a draft he submitted earlier to the Agricul ture Department for consideration. The department at that time approved the Cooley approach to the elimina tion of the two-price system. Cooley said in a statement that his bill “represents the broadest area of possible agreement I have been able to find” among various segments of the cotton industry. ‘There appears to be unanimity of opinion that the payment-in-kind section is the best approach to removing the two-price system, with all its inequities.” Stories Behind Words William by S. Penfield Stoical About 300 B. C., Zeno, a native of Cyprus, founded a school of philosophy in Athens, Greece. * • The meeting place of Zeno and his students was a porch on the north side of the Athens market place. This porch was called a “stoa” in Greek, and because the members of the new school of philosophy met there they were called Stoics. The basic teaching of Stoicism was that virtue is the supreme end of life. Another of its teachings was that one should be free from passion, no matter what the circumstance. From the latter teaching came the word “stoical,” meaning like a Stoic—showing no emotion. View* Of Our Readers Editor, The Chronicle: There is an historical signifi cance about every building or garden public or private, gener ally speaking, in existence every where today. Beautiful gardens, significant buildings, and other related situations sometimes cre ate problems. The Thorn well Rose Garden was conceived, designed, pre pared for and planted as the re sult of observing many other similar gardens the world over. One of the Thornwell Rose Gar dens takes the form of a Memo rial Garden and the other was donated by R. G. Murphy of Clin ton and planned and planted in his honor. The Thornwell Rose Garden, which is privately owned, was planted and designed to be used for the benefit of any person or persons who may choose from time to time to visit this garden or gardens to look upon and en joy the beautiful roses without marring or cutting ony of the flowers. It is to serve the same purpose as the Edisto Rose Gar den in Orangeburg, or the City of Portland, Oregon Rose Garden, or the beautiful Rose Garden in Hartford, Connecticut and in nu merous other places. Roses from these gardens are never cut for public consumption; for if you cut the roses they will not be there for the people to view when they visit the garden, which de feats the purpose of your pro gram. Now the problem is that the general public frequently requests numerous cuttings of these roses for personal use. Several people have come and cut the roses without any permission from the administration of Thornwell. When the general public is re fused permission to cut the roses, it generally makes people angry or vexed/' or otherwise dis pleased. The purpose of this gar den is to furnish beauty for visi tors who are welcomed anytime, but never under any conditions should the public cut or mar the roses. If roses are cut for every one who requets them; it defeats the original purpose of both gar dens. Members of the family of Thornwell, which includes staff, trustees, workers, children, and the donor may have roses upon occasion for their personal use. —M. A. MACDONALD, President; Thornwell Orphanage. Mrs. M. F. Workman has re turned home after an extended visit with her daughters in Lynchburg and Suffolk, Va. Misses Elaine Smith and Peggy Doares, the latter of Greenwood, spent a recent week with Mr. and Mrs. Henry Long in Milton, Fla. Several ladies of the WOC at tended the Synodical Training School at Presbyterian College in Cliton several days during the past week. Mr. and Mrs. Ralph Thomason and son, Tommy, of St. Louis, Mo., and Mrs. O. E. Wessinger of Prosperity, visited Mr. and Mrs. E. W. Pinson at their home on the lake this week. David Thomas of Whitmire, is the guest of Mr. and Mrs. H. K McKee. Lucy Coker is visiting relatives at Sandy Springs. Mr. and Mrs. M. C. Pinson, Mr. and Mrs. Sarnie Pinson and children of Clinton, spent a recent week-end at Santee. Mr. and Mrs. Thomas Dixon and children of Greenville, have been visiting h«r parents, Mr. and Mrs. J. H. Coleman. Mr. and Mrs. Charles McSwain and family of Columbia, were re cent guests of Mrs. H. L. Mc Swain. The community extends sym pathy to the family of the late J. Broadus Pinson, whose death occurred last Wednesday. out of gate four. The gates are numbered so that one and three are on the same' side and two and four on the other side. When the driver goes through the gates in this manner he makes a figure eight inside the plot The driver then puts his implement back in the shed from which he started. For each marker that he touches or causes to fall he adds forty points to his score. The time that he used while going through the obstacle course was thirty points for each minute. Some of the boys drove through this course in three and one-half minutes. The second part of the contest was backing a four whe^j w&gon. The driver had to pull ow back the wagon into an adjoi shed. This must be perfo within the 28x10 teet lines. Some of the boys did in less than four minutes. The third part of the contest was a written test on the care of a tractor. The lowest number of points win. NEXT WEEK AT c : , . Birth Announcements COOPEK Mr. and Mrs. Thomas B. Coop er Jr., of Pensacola,, Fla., an nounce the birth of a son, Thom as Bobo, III, on June 21. Mr. Cooper is the son of Mr. and Mrs. Thomas B. Cooper of this city. 4-H HIGHLIGHTS By B. J. BENNETT, Associate County Agent Cross Hill News MRS. HAROLD AUSTIN, Correspondent Mrs. Marie Harris of Ander son, Mrs. Raymond Hamilton of Columbia, Tenn., and Mrs. Eliza beth Barron of Columbus, Ga., have been decent guests of Mrs. John T. Stokes. , S-Sgt. James McKittrick, Mrs. McKittrick and little son of An drews AFB, Md., are visiting his parents, Mr. and Mrs. William McKittrick.' Mrs. John Adair and oHHiiifni have returned home after visiting relatives in Charleston. Rev. and Mrs. R. D. Neese and children of Tallahassee, Fla., vis ited friends here Tuesday. ' The 4-H tractor operators con test was held at the Laurens County fair grounds on Thurs day, June 20, at 1:00 p.m. The winner was Calvin Robert son with 432 points. Mike Parks of Thornwell was second with 497. Rickey Wrenn was third with 691 points. Other boys in the contest were Rilley FUlingame, Tommy and Ernie Coggins, Pat Wrenn, William Woods, and Charles Stoddard. D. R. Blakely, Assistant' Count Agent from Greenville, judged the contest. The boys had to drive through an obstacle course using a two- wheel implement. This course deals with a shed that is twelve feet long and only twelve inches wider that the implement. The driver connects his tractor to the implement and drives through an alley that is forty .feet long and twelve inches wider than his implement. He backs down the alley not touching or causing a marker to fall. After completing this,' he drives through a rec tangular shaped plot which has four gates, the plot being seven teen feet wide and fifty feet in length K The boy drives in gate one and out of gate two, turns his implement around the end and comes back in gate three and Dr. V. G. Bennett CHIROPRACTOR Specialty Practice for Con ditions Involving the Spin al Column, Neck or Bade. ( 829 South Harper St., Laurens PHONE 488 Closed On Thursday MON.-TUES.-WED. JULY 1-2-3 Th0 most Bizarre Murder Mystery ever conceived I rnttisr if AMAH mmim It »u*<* wifi 5 GREAT STARS M DISGUISED SOLES.. »*Usr ttok »E£%2* 'JOHN HUSTON HERBERT MMSHAU- GUDYS COOPER Shows 3, 5, 7 and 9 STARTS JULY 4 V0UH& CLINTON, S. C., THURSDAY, JUNE 27, 1962 (Ulintnn (Biprimirir July 4, 1889 — WILLIAM WILSON 1 HARRIS — June 18, INI PUBLISHED EVERY THURSDAY BY THE CHRONICE PUBLISHING COMPANY Subscription Rate (Payable in Advance) Oot-of-County One Year $4.00, Six Months $8J0 One Year $5.00 Second Class Postagt Paid at Clinton, 8. C. The Chronicle seeks the, cooperation of its subscribers and readers. — tbs publisher will at all ttmes appreciate wise suggestions and kindly advice. The Chronicle will publish letters of general intereet when they art not of a defamatory nature. Anonymous <»niwmmiU»pHppt wffl not be noticed. This paper is not responsible for the views or opinions of its correspondents. 1 Member: South Association, National Editorial Association PRESS ASSOCIATION Ifsw York, Chicago, Detroit, Philadelphia TODAY-FRIDAY-SATURDAY JUNE 27-29 ■ tyW 1 These here are Spencers and this here is a picture about ’em and these here and thia here ia just about the most wonderful Movie you ever saw! It’s mostly a both that big boy on the right, and the summer he found a girl on Spencer's Mountain! ABM! MB mm ii^FNu Mknrainttttssc • wm^rnmmwtmrntiemwm mnwiw < Features: 3:25, 5:40 and 8:10 Saturday—Starts at 1:00 //yWMilYwW Y ■y Don’t Miss This BIG ANNUAL SALE! I personally puarants* . you ths BEST TIRE DEAL IN TOWN! firestone CHAMPI0H NYLOMS i^a trad,-in tH, oH your cm Pius tax Tiraafont double guarantee is honored by more than 60.000 Fireatona dealer* and stores from coast to coast wherever you travel i LIFETIME GUARANTEE against defects in workmanship and ma terials for the life of the original tread. 2 ROAD HAZARD GUARANTEE against normal road hazards (except repairable punctures) encountered m everyday passenger car use for number of months specified. 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