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: j s l THE CLINTON CHEONICLE i Clinton, S. C, Thursday, June 4, 1364 This Tide Should Be Stemmed The rate of school dropouts has grown to alarming proportions. Here are the hard facts: More' than one-third of the nation’s young people quit school before complet ing senior high school. Some 7.5 million youths will drop out of school during the next decade. The grave economic consequence of failure to complete high school is so point edly evident that it is difficult to under stand why so many youths ignore it The fact that unemployment is three times higher among male school dropouts than among high school graduates should, in and of itself, convince all youths of the fol ly of abandoning secondary schooling. But it has not done so. Since the reasons behind dropouts are many and varied we believe that all seg ments of community life, spearheaded by educational, religious and civil groups, should join forces in a concerted attempt to stem the dropout tide. The youth of any community is one of its most valuable assets and it is vital that the young people have every opportunity for successful careers in occupations of their choice. A sound education is, by far, the most important first step on the road to rewarding acheivement. Recognizing The Inevitable Once again it is being demonstrated that the pressure of technological advance is irresistible. In the long drawn out rail way labor dispute, the basic issue has been whether a 20th century railway is to be crippled to fit 19th century rules and regu lations, or whether the rules are to give way before the demands of time and prog ress. At the federal level the inevitable has been recognized in some measure af ter a near endless series of studies, investi gations, presidential recommendations, fed eral arbitration and finally Supreme Court action. So far as the federal government is concerned, the railroads can begin to curtail featherbedding jobs. This does not mean that thousands of men will be thrown out of work arbitrarily. The pro cess of eliminating needless jobs will be slow with elaborate protections against hardship. A great service can be rendered the nation if the unions will accept the inevi table changes that come and cooperate with the carriers to the end that the rail roads may fulfill their role as the primary element of the transportation industry. DuDing The Spur Few things are all black or all white in this complex world. There is a good and a bad; a right and a wrong, in almost every thing. This is certainly true of the tax re duction bill. The good, superficially at least, is evi dent. Taxes are being reduced by some 111.6 billion. The average reduction for about 80 million individuals will be about 20 per cent. The corporation rate is re duced by 4 per cent, from the existing 52 per cent. A large number of low-income individuals will be totally freed of federal taxation. But one group of taxpayers—number ing many millions, most in the middle-in come groups is penalized. These are the people who receive dividend income from savings. A law, long in effect, allowed a 4 per cent credit against income tax on stock dividend income. It was passed to provide a small remedy for a manifestly unjust sit uation—dividend income is taxed twice, once at the corporation profit level and, again, at the individual tax level when stockholders are taxed on income received from their investment in an enterprise, v The tax cut is primarily designed to provide a spur to the economy. Certainly, the most needed spur of all lies in invest- in the industries which provide goods wrvioes, offer employment, pour mon ey 40d qnergy into the national blood- Wknination of the dividend cred- it—which, if anything, should be in- rather than done away with—will take incentive out of that spur and reduce the urge and wish to invest in productive enterprise. The credit elimination is expected to in crease the government’s tax take by sev eral hundred million dollars a year. That is a relatively small matter in a budget which approaches $100 million. And it is a trivial matter in the light of the blighting effect it will have on economic growth.— Industrial News Review. Corvallis, Ore., Gazette-Times: “The U. S. Army has at long last discovered they have currently 35,000 men in the wrong jobs at the cost of $48 million in training funds. They didn’t need a survey to tell them about this square-peg-in-round-hole problem, any former G. I. would have been glad to inform them.” Fairfax, Minn., Standard: “Khrushchev insists that our grandchildren will all be Socialists. He’s smart to skip over our present generation of children, because, judging by the way they pursue their fees for grass-cutting, dishwashing, and baby sitting, they are unshakable capitalists.” Babton Diacusse* Value Of Small Businesses Babson Park, Mass., June 4, 1964—President Johnson’s naming of last week as Small Business Week reminds me to point out to my readers the great importance of this segment of our private enterprise to the economy. SCOPE OF NATION’S SMALL COMPANIES Too many people just naturally assume that all of the truly significant trends in manufactur ing, services, and trade are established by the big corporations. They are unaware of the great forces that spring from the little independents or the influences that stem from them. How many realize, for example, that there are an es timated 4.6 million small businesses now operat ing in this country? If each one of these con cerns were to take on just one extra employee, our unemployment would be practically wiped out overnight. Such power can scarcely be over rated on the national scene. The government, by way of its Small Business Administration, is encouraging qualified people interested in starting their own ventures. Let me emphasize, however, that those going into busi ness for themselves must be able and energetic people with good business sense. They must be prepnred to work hard to make a go of their business. In short, they need something more than money. IMPOSTANCE OF CABEFUL PLANNING Sad to say, each year many small business ventures are started on a careless “pie-in-the- sky” p»«n by people who lack business back ground and/or adequate capital. More impor tant, many get off on the wrong foot because the original planning overlooked certain essential considerations such as market potential, proper location, competition, and operating costs. Arm ed largely with hope, these people soon find their business floundering, and their nest egg dissi pated. My advice, therefore, to those planning to es tablish a small business is: First, be sure you have a sound plan and the requisite character istics of initiative, courage, and stick-to-itlveness. Such people can get help from the Small Business Administration in financing; and in management training and counseling service by government experts. Let we warn, however, that while the SBA foresees a bright future for new business ventures and will render all possible help and responsible advice, it cannot guarantee the suc cess which comes only from good planning, sound judgment, and attention to business! OPPORTUNITIES FOB SMALL BUSINESSES Some of the greatest opportuntie* yet unreal ized lie in the service fields, as more people rely on others to do their “chores" for them in order to have extra time for recreation and en tertainment. This “explosion" in services is shown by the fact that employment in such fields has risen from 4.7 million in 1646 to 9.3 million in 1963, a 78% gain compared with only about 20% for total employment. Manufacturing and retailing fields also offer good opportunities. The quickening pace of change today affords the small manufacturer a potent weapon to offset the stiff competition of the larger firms. His flexibility enables him to adapty more quickly to changes in demand, and to utilize new designs and production techniques. Small retail outlets, too, can offer great possi bilities. The little retail store Is still vital in our economy, with some 1.6 million of the nation’s 2 million retailers having fewer than four employ ees. BIG IDEAS SPRING FROM SMALL FIRMS Many young folk are of the opinion that they must have sizable capital, or highly specialized training, or a rich relative in order to start a business of their own. In my lifetime, I have seen men start off with a good idea, then—with cou rage and persistence—turn that idea into a thriving business. The more successful of these, however, did not sprout overnight. One should start In a small way and grad- a solid business. the characteristics of success, I urge you to take your plans to your local bank. Every bank in every city in which this column is published is looking for new young people as borrowers as well as depositors. SELF-IMPOSED HANDICAP Stories Behind Words William 8. PenfteU Award 49 Letters To College Athletes Presbyterian College Athletic Director Cally Gault recently an nounced that 49 Blue Hose ath letes had been awarded vanity letters for participation In PC’s 1964 spring sports program. The track squad led with 18 letter-winners, followed by base ball with 12, tennis with seven, and the golf and rifle teams with six each. Twenty-four of the 49 Blue Hose to receive (he var sity “P” are first-year letter- men. Here’s a list of players awarded PC monograms: TRACK—Doug Allen of Sum ter; Reginald Awtry of Ac worth, Ga.; Jimmy Bankhead and Olin Grant, both of Chester; Pat Goldsmith of Lancaster; Dean Harton of Charleston; Jim John son of Georgiana, Ala.; Mike Lowrance of Macon, Ga.; Butch McWaters of Clover ; James Sal vo of Summerville; Will Scott of Mt. Pleasant; Ron Seiple of Fall- ston, Md.; Buddy Ellisor of Jacksonville, Fla.; Freddie Gos sett of Spartanburg; Sterling Jernigan, Sam Lyons and Monk Miligan, all of Atlanta; and Johnny Glover of Clinton. BASEBALL—Jimmy Cape and Lenghton Grantham, both of Easley; Henry Lovett of Kings- tree; George Lokey and Dpn Mc- NeilK both of Thomson, Ga.; David Bordner of Atlanta; Jack ie Nix of Bainbridge. Ga.; Ricky Corley and Scooter Holcombe, both of Clinton; Wade Stewart of Picayune, Miss.; Brownie John son of Darlington; and Tommy Wiliams of Pensacola, Fla. TENNIS — Dodge Frederick and Pete Collins of Ormond Beach, Fla.; Bob Harris of West Palm Beach, Fla.; Howard Letz- ring of St. Peteresburg, Fla.; Arch Hudgins of Charleston, W. Va.; BiU Gillespie of Newport, News, Va.; and Manager Don Warlick of LaGrange, Ga. GOLF — BUI Brown of Gaff ney; Bill KeUam of Virginia Beach, Va.; Jack Westall of AsheviUe, N. C.; Bunky Hanks of Hampton; Bruce Lawrence of Greenwood; and Larry Preston of Atlanta. RIFLE—John Hemphill of Ce- dartown, Ga.; Glenn Barlow of Elkton, Md.; Evan Pamplin of Green!vile; John Askew of At lanta; James Bell of Copper Hill, Tenn.; and David Knowlton of St. Petersburg, Fla. Card Of Thanks The family of Lee Dollman gratefully acknowledges the food and flowers which were sent them at the time of his wife’s deatl^ May God Bless each and everyone of you. Lee Dollman and FamUy. IF YOU DON’T READ THE CHRONICLE YOU DON’T GET THE NEWS PHONE 933-4M1 CHARLES T. (Buddy) OAKLEY — CANDIDATE FOR — MAGISTRATE HUNTER TOWNSHIP IF ELECTED I WILL HAVE A PRIVATE OFFICE ■4 Academy Long ago there was a public park or pleasure gar- gen about a mile northeast of the Greek city of Ath ens. This land had once been the property of Acade- mus, a local hero, and was known as the Grove of Academus. Socrates, the philosopher, used to speak to crowds in the park. Plato, Aristotle’s famous pupil who lived nearby, later conducted his school of philosophy there. Plata’s sechool was known as the Academia, from the name of Hie park. In time, when one of Plato's followers establish^ a school it also was named Aca demia. Academia became the English word “Academy”— a school, or a body of learned men. IFIRD'S DCTlRMIMATtM# CO. ■rABTAmtme. « c HEAR LEROY “BUD” KEEBLE Candidate For Sheriff — On — WPCC MONDAY, JUNE 8 AT 6:05 P. M. Your ( Program TODAY-SATURDAY Patricia McGoohan am Susan Hampshire 3:20, 5:15. 7:15, 9:15 Saturday 1:00 Coat in u« MON.-TUES.-WED. JUNE 8-10 Thi* CUqrboywwSd DOYBr FUsyW* ThfcwMtte Clerk and ^ 3:00, 5:30, 8:00 CLINTON, S. C., THURSDAY, JUNE 4, 1961 $t|f (Elititoti (flhnmtrU Job 4, m — WILLIAM TBUfttf WkMMM — June 13. 1965 PUBLISHED EYXBY THURSDAY BY THE CHBON1GLB PUBLISHING COMPANY Bate (payahls in Advance) One Year $4.00. Six months $2.80 One Year $0.00. Second Class Postage Paid at Clinton. S. C. POSTMASTER: Sand Perm 3679 to Clinton Chronicle, Clinton. 8. C. The Chronicle seeks the cooperation of its subscribers and readers — the pubMAter will at all times appreciate wise suggestions sad kindly adviee. The Chronicle wUl puMtah letters of general Interest when they are not of a defamatory nature. Anonymous communications will not be noticed. This paper Is not respcflbh for the views or opinions of its Member: South Carolina Prase Association, National Editorial Association V AMEC RICAN ESTON W. PAGE Page Is President Of Laurens Federal Savings & Loan Assn. Eston W. Page has been elect ed president of the Laurens Fed eral Savings and Loan Associa tion, it was announced yesterday by the board of directors. Page, an attorney, became as sociated with Laurens Federal in 1961 as assistant secretary- treasurer. He was later made secretary-treasure, and in 1961 was elected vice-pesidnt. The new president is a 1949 graduate of Wofford College in Spartanburg with a degree in economics and business adminis tration. He was admitted to the practice of law in South Caro lina in 1963. Page has attended several specialized schools for savings and loan executives. He is also a graduate of the Savings and Loan School for Executive De velopment at the University of Georgia in Athens. v He has been active in civic, community and business life of the city since moving to Laurens in 1961. He is a past “Young Mon of the Year," and is cur rently a director in the Chamber of Commerce. The institution’s board of di rectors issued the folowling statement: “We feel that Mr. Page will give effective, capable and ex perienced leadership in the man agement of the association. We are confident that under his di rection the asociation will con tinue to receive the same high degree of public confidence it has enjoyed since its organiza tion in 194$. Other officers of Laurens Fed eral are M. S. Boyd, vice-presi dent; Stanley L. Johnson, sec retary-treasurer; a a d Aaron King, manager of the Belton branch. Directors in nddttkn to Page and Boyd are J. G. BaUea, R. L. Kinard, and G. B. OwtaS*. en v BUSY MEN and WOMEN PAY-BY-CHECK £ M. S. Bailey & Son, Bankers FIHC 8 C. I -fcC *4% Intertst Paid Or Cm Y#ar Savings Cartificatas*