Historical Newspapers of South Carolina

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I THE CLINTON CHRONICLE Cttnton, & C, Thuraday, April t, IHi A Vicious Bill The overwhelming majority of South Carolinians will join with both of our U. S. Senators, ^Strom Thurmond and Olin 'D. Johnston, in opposing the so-called “civil rights" bill now before the Senate. Southerners, led by Senator Kichard Kussell of Georgia, have organized an at tack on the bill that may be successful in preventing its enactment, at least in its present form. Signs are already evident that the Sou therners will get some support from Sena tors from other sections of the country in seeking to amend the bill to eliminate or water down its more objectionable features. Senator Dirksen of Illinois may turn out nation can no longer take unequivocal steps to preserve its integrity and miltary se curity it bodes ill for the future. In Sena tor Goldwater’s words: ‘The only alterna tive to victory is—-obviously—defeat.” The 'time has come to reassert in words and deeds a measure of the traditional spirit of this country. THE CORRECT LABEL STRIKES HOME Senator Strom Thurmond says: “Khrushchev’s wars of subversion take numerous forms, of course, but in Africa, particularly, the first phase of such wars is to Tree* the colonies, possessions, and trusteeships from the influence and con trol of western powers, and make these countries ‘neutralists* . . . Obviously, the more unstable the newly ‘independent’ to be a valuable ally in the fight on the coun try, the easier is the second phase of “accommodations’’ section of the bill. such wars, which consists of overthrowing Many of the Senators from the North, the government and installing communists Hast and West, we believe, after they fin ish talking for home consumption, will join forces with those who see the bill for what it really is and not afraid to take a stand, and amend the measure. We think they know that it is the most vicious assault ever made in this country on the basic rights of free citizens. in control.” Babson Discusses Bull or Bear Market Exploding A Myth We are gratified to see that the United states Senate has at last taken steps to ex plode one of the most deplorable myths of our time—the use of the term “federal funds” as a cover-up for the actual ex penditure of taxpayers’ funds. How many times have you driv^i by construction sites and seen the phrase “being built with federal funds”, emblazon ed on an adjoining sign and sped past without giving it a second thought? But, if that sign had truthfully informed you that it was taxpayers’ money that was be ing spent—yours and mine—you’d most likely have brought your car to a screech ing halt. it is astounding to realize that the “federal funds” cliche has been consist ently used as a smoke screen for the dis pensing—no matter how wasteful—of funds provided by the taxpayer, ever since big government spending became an un welcome way of life some 33 years ago. The only money the federal government has — or ever has had — is that which it gets from the taxpayers. Therefore, when money is sent to aid a foreign country, for instance, it does not come from “federal funds”; it is supplied by taxpayers who have been required to “chip in” to make the money available. We believe that the Senate’s recent ap- proval of a proposal to write into all spend- ing measures the pointed reminder that the money appropriated comes out of the taxpayers’ pockets should be promptly sec onded by the House and enacted into law. Babson Park. Mass., April 9—Many readers are wondering whether the stock market will advance much further beyond the 800 mark which the Dow-Joftes Industrial Average has re cently succeeded in penetrating. It may be that an extraordinary condition exists, in which we may be seeing two types of markets going on at the same time. That is, a bull market may be co-existing with a bear market. TWO TRENDS AT THE SAME TIME Normally, a bull market is associated with a condition of rising stock prices. During these periods, many stocks participate in the market advance to varying degrees. The current bull market, however, is somewhat of a paradox. Only a handful of stocks have been rising in price. The vast majority are either standing still or losing some ground. This has left many in vestors disappointed as they watch the Dow-Jones Industrial Average march resolutely to new highs while their own in vestments have done little or nothing. The reason for this is that the bull market has been largely in high- grade stocks being bought by the institutional- type investors, such as insurance companies, pension funds, and trust funds. The bear market which exits simultaneously is largely in secondary stocks, and in the so- called glamour stocks which took a terrific trouncing in the last market collapse. For ex ample the bear market may still exist for elec tronics stocks and other speculative issues which pay little or nothing in the way of dividends. In the absence of unbridled speculative fervor, de mand for these stocks has dried up. THE SAME IN REAL ESTATE The existence of divergent trends is not limit ed to the stock market; is is also apparent in the real estate market. Demand for office buildings, apartments, and good residential developments is holding up well, especially in large cities. Ac tivity is still high and prices firm in these seg ments of the building industry. In contrast, hotels and motels are still sliding in price in many areas. The same applies to farm lands. Those near large cities, and those William S. Penfield Y, Ostracism The citizens of ancient Athens had a method for banishing anyone they considered a threat to the state. Once a year each citizen could write a name of his “candidate” on a piece of pottery and deposit it in a public polling place. If a person’s name appeared on as many as 6,000 of the ballots, he was banished for 10 years. The Greeks called these bits of pottery ostraka, and the banishment of persons was called ostrakis- mos. From otsrakismos came the English word ostra cism—the shunning of anyone by a group. Highlights From Clinton High The Only American history is replete with phras es of courage and defiance that were ut-. tered in moments of great military crisis. “1 have just begun to fight,” “Damn the torpedoes! Go ahead!,” Sighted sub, sank same," “Praise the Lord and pass the am munition,” “Don’t fire until you see the whites of their eyes.” Such words as these ring through the corridors of time and re cord moments of great deeds that com manded respect from friend and foe alike. They were backed by a spirit of “Don’t tread on me" that left no doubt in any one’s mind as to the stature and the pur pose of this country. Not long ago we criticized England for exporting buses to Cuba. The plain fact is that no one knows what our policy is to ward Cuba, so why shouldn’t the British export buses or anything else. According to reliable reports, Cuba is continuing on her merry way as an expanding base for communist operations in the Americas— daily growing stronger and more threaten ing. Of all the aspiring candidates to public office in the coming election, no matter what the ultimate result may be, no one has been more forthright in suggesting a positive course of action—fully mindful of the risks involved—than Senator Goldwa- ter. If the conduct of foreign affairs has become so complex and confused that this situated on the side of such cities where the bulk of growth is still taking place, still enjoy brisk demand and high valuations. This is especially true of property for shopping centers, industrial and office centers, and good quality residential developments. However, farm lands too far out remain a drug on the real estate market. TWO MARKETS FOR SAVINGS Many savings and loan associations—particu larly in California, are paying 4.85%—a rate well above those permitted commercial banks. These are advertised in newspapers and magazines by the savings and loan associations which seek additional savings money to meet the demand for mortgage money. In staid old New England, rates for savers run about 1% less than the California savings and loan associations pay. Lowest rates are paid by the savings departments of commercial banks and on commercial bank certificates of deposit; highest rates by the Massachusetts mutual sav ings banks—varying from 3*4% to 4V«%—and by savings and loans and so-called co-operative banks, which average a little higher. PAY ATTENTION TO THE FUNDAMENTALS I conclude by emphasizing what I said in the early portion of this column; namely, that two distinct markets are operating at the present time. Hence, it is unwise to argue whether we are in a bull market or in a bear market. These two different types of markets appear to be run ning along at the same time. Even the “blue chip” label is not a guarantee of sure-fire prof its, as the 30 stocks which comprise the Dow- Jones Industrial Average have not all participat ed in the advance. Therefore, I urge readers to be very selec tive in making their investments. Forget about whether this is a bull market or a bear market. Concentrate, instead, on the fundamental factors of quality, growth, and a healthy profits pic ture. A look at the earnings and dividend rec ords for the past year shows that the stocks which have enjoyed a bull market have been those of companies that have fared best in a keenly competitive climate and successfully sur mounted the grueling cost squeeze. These com panies have increased their profits and paid out larger dividends. This is no time for careless speculation. CLINTON, 8. C., THURSDAY, APRIL 8, 1M4 <21 tp (Elintmt (Eijrnnirlp Established 19M Joly 4, 1888 — WILLIAM WILSON HARRIS — June 18, 1856 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Rate (payable in Advance) Out-of-County One Year $4.00, Six months $2.50 -...One Year $5.00 Second Class Postage Paid at CUnton. S. C. POSTMASTER: Send Form 3579 to Clinton Chronicle, Clinton, S. C. 20325 Hie Chronicle seeks the cooperation of its subscribers and readers — the publisher will at all times appreciate wise suggestions and kindly advice. The Chronicle will publish letters of general Interest when they are not of a defamatory nature. Anonymous 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 Reprsenetative AMERICAN PRESS ASSOCIATION New York. Chicago, Detroit, Philadelphia Elections! That has been the main theme in the minds of CHS’s underclassmen this week. While not getting to vote im presses on the seniors the fact that they will no longer be an active part of CHS next year, it also gives the juniors a feeling of importance to know that they will be running the school next year and makes the freshmen happy just to know that they are so close to being wise old sopho mores instead of green little freshmen. In elections held Monday the student body chose Joe Adams to be its new Student Council president. The two candidates for this office were introduced to the student body and made a brief campaign speech In which they set forth their election promises in Chapel Friday. Joe’s opponent was Mike Johnson, present Student Coun cil vice-president. • • • This week the National Honor Society has conducted its annual Religious Emphasis Week ob servance. This year’s theme is “What Shall I Do With My Life?” Each day a different minister from the Clinton area is speaking to the student body on his favor ite topic for youth. Monday, Rev. Dean Sawyer spoke on “America: A Pagan Land;” Tuesday, Dr. M. A. Mac donald had as his topic “Build ing Your Tomorrow’s Self To day;” Wednesday, Dr. Joseph M. Gettys spoke on “The Person in Your Mirror;” Rev. J. W. Spillers chose as Thursday’s top ic “The Priceless Possession;” and Rev. John Rivers concluded (he week with “Thank God Your’e You.” Throughout the week a choir composed of the following Glee Club members led the student body in hymns and presented special music: Shenla Gilliam, Nancy Hollis, Teresa Hogan, Marilyn Sease, Janice McDaniel, Nanette Young, Gale Beden- baugh, Edna Jacobs, Gladys Lewis, Brenda Watts, Lynn Rol lins, Joyce Sanders, Judy Wld- mer, Johnny Fulmer, Kenneth Cathey, Henry Adair, Zeke Ben jamin, James Meadows a n d James Stephns. Accompanists during the week include Rose Ann McCrary Dishie Delany, Jane Johnson. Ruth Todd, .Nanette Young, Nan cy Hollis, David Templeton, Bobby Powell, Bill Jacobs Ricky Sanders, and Danny Jones. Song leader is Janet Ha mer. _• • * Monday night the Transporta- By DISHIE ^ELANY tion Club held its April meeting at which the members elected Vicki Boyd their sweetheart. Vicki will now compete in the state contest at the Bus Drivers’ Road-E-0 for the title of School Bus Driver Queen. Also at the meeting the driv ers discussed the two-tenths of a mile stopping law. • • • Saturday members of the Clin ton High FHA chapter partici pated in the district FHA meet ing in Anderson. • • • , Friday and Saturday the top winners in the Clinton science fair exhibited their projects in the Western South Carolina Sci ence Fair at Furman University. *4 * Members of the Sentinel staff were awarded a Certificate of Honor for the Sentinel’s score in a state-wide critical competition Friday at the South Carolina Scholastic Press Association at the University of South Carolina. Why Seat Belts? (From Civitan Magazine) Q: Can the belt itself injure users? A. Choking and lower-torso in juries occur six times less often to seat belt users, and if prop erly snug you will not slide down. Q: Will seat belts tear, stain or other damage clothing? At When properly worn, color- fast belts will not damage cloth ing. Q: Are seat belts comfortable? A: Seat belts when snugly fastened promote better posture and substantially reduce fatigue, especially during long trips. There’s no need to strain to stay in place during stops and turns. Q: Will seat belts detract from the car’s appearance? A: No. Seat belts come in a rainbow variety of colors. New retractable belts, now available, automatically roll up when not used. Q: How long does it take to buckle and release a seat belt? A: Seconds will buckle a belt; a flick of the wrist will release it. Q: Do seat belts encourage driver carelessness? A: Highly unlikely. Psychia trists making intensive seat belt studies have found the opposite to be true. Q: Should children wear them? A: Yes. A crash stop at onl. 15 miles an hour can kill a child, without a seat belt. Pa rents can also drive better when both hands stay on the wheel— without the need to hold one arm out to keep a child from plung ing forward. Q: Can children open belts in an emergency? A: Yes. Any four-year-old should be able to do so. Q: Will children use them without argument? A: Yes. It can be FUN to wear seat belts! Identify each belt with their own name. They can imagine themselves as “space pilots” or “airline stew ardesses.” Racing drivers, FBI agents, policemen and state troopers wear seat belts. Q: How can I encourage guests in my car to wear seat ' y beKS? Mention A: Set an example, there is a belt for them, too. Q: How can I select the right belt? A: Insist on an approved belt that measures up to current standards established by the So ciety of Automotive Engineers (SAE). , about this question: “Spring heralds a new planting se ason , . . a new home improvement and sport season. Is this the logical time to have all insurance checked by your local agent to be sure that coverages are adequate?” BAILEY AGENCY M. S. Bailey & Son Banker* Bldg. Dial Day 833-0681 — Night and Sunday 833-0323 YOUR milAMKX ENTERTAINMENT FOR THE WHOLE FAMILY PROGRAM TODAY-SATURDAY DIG THIS- YOUR FAVORITE CREEPS TOGETHER AGAIH! Shows: 3:15, 5:30, 7:20 and 9:10 Saturday 1:00 Continuous Monday - Tuesday April 13-14 BEST PICTURE MM YEAR! Colombia Pictures presents TX SAM SPfcGtl ■ DAVID LEAN Production 61 USVBENCE OFARAKtl With Alec Guineas, Jose Ferrer, Jack Hawkins and Peter O'Toole 2-Showa DaHr —-3H5 and 7rl5 Starts Wednesday, April 15 CHEVY n by Chevrolet How to get away from it all including the high cost of travel! A Chevy II Station Wagon is the way to get the whole family there and back on a small vacation budget. You get 76 cu. ft. of cargo space for less than you’d pay for most sedans. You get money saving, easy-care features, too. And you’ll go so far between gas stops you’ll think we built in a spare tank. And now that it’s Trade ’N' Travel Time at your Chevrolet dealer’s, you’ll never find a better time to buy a Chevy II. There’s a wide range of engines and transmissions to choose from. And whatever you pick, you can be sure you’ll always get a good run for your money. Chevy II Nora j-Door Station Wagon CHICK THE T'N*T DIALS ON CHEVROLET * CHEVELLE * CHEVY D < CORfMR AND CORVETTE NOV IT TOUR CHEVROLET DEALER’S PLAXIC0 CHEVROLET, INC W. MAIN ST. CLINTON, 8. C TELEPHONE 833-0040