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-* % THE CLINTON CHRONICLE Clin ton, S. C, Thursday, June 25. 1964 Summer Safety Summer began Sunday and brings with it special hazards. The pleasures of water sports will be enjoyed by many mil lions of people and they will carry with them special dangers. Swimming is still the chief problem and basic rules of safety should be observed always—never swim alone, after eating or when overly tired; don’t overestimate your ability and swim at protected pools or beaches, preferably under the supervision of someone trained in life-saving tech- niqus; never dive into unknown waters and if a boat overturns, stay with it and don’t try to swim a long distance to shore. But now water safety is more complex. Skin diving, water skiing and surf-board ing are specialized sports requiring par ticular care and knowledge. This summer a greater variety of water sports are available than ever before—let’s make them safer, too. Paper Businessmen today are probably more concerned with a paperwork explosion than the dropping of a bomb. There is a very good reason for this seemingly strange type of fear. The amount of paperwork demanded of busi ness and industrial companies by the fed eral government has grown to such mon strous proportions that it has added heav ily, and unfairly, to the cost of their ope rations. A particular case—but by no means an isolated one—was cited by Rep. Arnold Olsen (D.-Mont.), chairman of the House Subcommittee on Census and Government Statistics to show how unbelievably oner ous is the paper work imposed by govern mental decree. In a single year, Rep. Olsen said, a mid west manufacturing concern was compelled to handle ITS different federal forms which involved the filing of 37,683 reports. Some had to be submitted daily, others weekly, monthly and annually. The work load amounted to 48,286 man hours, a very costly procedure in view of the fact that this work was completely non-productive as far as sales were concerned. Two other examples are also note worthy. A mail-order company reported it was required to fill out and file more than 600,000 forms and reports with as sorted governmental agencies and a sav ings and loan society said that its 600- member associations had to file a grand total of 5,300,000 forms in one year. If this onslaught of compulsory gov ernmental paper work is allowed to go un checked the time could come when busi nessmen will be so occupied with filing re ports that they won’t have time to do any M Moie, Mene, Tekd, Upharsin” Why so much fuss over the Democratic primary votes cast for Alabama’s Governor George Wallace in Wisconsin, Indiana and Maryknd? The stark significance of the Wallace performance is curling the hair of Demo cratic political analysts who now realize that it may well foreshadow the defeat of their party in November! The Wallace vote—34 percent in Wis consin, 30 percent in Indiana, 43 percent in Maryland—represents the violent reac tion of America’s ethnic groups, particu larly Polish, Italian, Czech and Slovak, against the “Civil Rights’’ bill as a threat to their jobs and to the character of their typically close-knit, even clannish, neigh borhoods. The evidence is clear for all to read. In Wisconson’s Fourth and Fifth Districts, which comprise the industrial city of Mil waukee with 300,000 ethnic group citizens, Democrats polled 68 percent of the votes hi 1962. But in the recent primary, Gov ernor Reynolds (as President' Johnson’s stand-in) was whittled down to 57 percent In Indiana in 1960, it was the whopping Democratic majority rolled up in the pre dominantly Polish First District (including tho Gary steel mills) that cinched the nar row state-wide victory for Governor Welsh. In the 1964 pirmary, standing against the man from Alabama and the civil rights is sue, Governor Welsh failed to cany a single white precinct in the very district that had made him governor. And in Maryland also, ethnic group areas turned their backs on the Adminis tration, leaving the task of face-saving to Baltimore’s Negroes and Government pay- rollers living in the Capital suburb of Montgomery County. These ethnic groups—these foreign- born citizens and their children who con stitute 19 percent of our total population, and with significant numbers in 26 states —have been solidly Democraitc since 1932. Without their votes, the Democrats would have lost in 1960. Without them in 1964, the Democrats are courting defeat. The Wallace vote can only be construed as a civil rights protest As such, it is the handwriting on the Democratic wall. “Mene, mene, tekd, upharsin.” It trans lates: “Numbered, numbered, weighed and divided.” / Babaon Discusses: If Inflation Come* Baboon Park, Mass., June 25—Most readers of this column are aware that since the panic-like stock market decline in the spring of 1982, the Dow-Jones Industrial Average has been march ing upward, with only short halts, to succes sively new record highs. business backbones THE STOCK MARKET The rapid shrinkage in stock values in the dark days of 1962 undoubtedly had its beginning in distrust of the politico-business outlook. Then, as paper profits began to vanish, selling pres sure rose to a crescendo, with investors hurrying to preserve what profits they had left, or to limit their losses. The market did regain its com posure when investors realized that a business decline of the proportions indicated was not im minent. By that time, too, the “water” had been pretty well wrung out of the glamour and specu lative stocks. Thus it has been the sustained well-being of general business, powerfully assisted by con sumer spending and residential building, which not only righted the stock market but launched it on a two-year advance, virtually uninterrupted, during which time the Dow-Jones Industrial Av erage rose from a low of 536 to a high of 830. ABE INFLATION PEAKS JUSTIFIED? As I view the market now, many of the blue- chip stocks which have largely accounted for the two-year market advance seem fully priced, and real bargains are harder to find. This is un derstandable, since the Dow-Jones Industrial Av erage’s climb of nearly 300 points outdistanced the gains of industrial activity and business prof its in the same period of time. Business and profits may rise further over the near term, to be sure, but such additional gains are probably pretty well discounted. Hence we must look to another element to propel the stock market on upward. This may well be speculative enthusi asm stemming from fears of Inflation. It has been said that a whiff of inflation psychology can stir investor buying impatience. Those who feel we are in for more inflation have many arguments in their favor. Since the last business recession, U. S. monetary authori ties have been pursuing a policy of keeping money and credit plentiful. To the extent this has exceeded the legitimate credit needs of busi ness, the surplus represents an Inflationary po tential. In addition, consumers have been ex panding their borrowings, both for Installment purchases of durable goods and for now home mortgages. Such borrowings are inflationary to the extent that purchasing power is boosted above the levels of earned incomes. Tbs deficit operations of federal, state, and municipal gov ernments are also inflationary; and we must not forget the steady inflation of labor costs. On the other hand. President Johnson’s econo my drive in government spending is n attempt to prevent inflation from getting out of hand. The most effective barriers against inflation in recent years, however, have been the surplus of most commodities and the excess of productive ca pacities in many industries. HEDGING AGAINST INFLATION The danger of inflation is most acute during and following wars. Under normal conditions, deflation is likely to prevail. In today’s “semi- war” economy and prolonged prosperity, there fore, the tug-of-war between inflation and defla tion leaves the situation in doubt. Conceivably, this stalemate could continue with neither side gaining a dear advantage, even though ever the long run rising government spending and the un reasonable demands of labor suggest further In flation. It has been my experience that the best time to hedge against inflation is when the stock mar ket and real estate prices are depressed. Hence, although the current bull market may yet pene trate higher ground, the “real gravy” is largely behind us and the risk factor greater from here on in. It might therefore be better to have pa tience *nd “hold your fire.” Profitable hedging against inflation requires careful timing and se lection. When the prices of stocks and real es tate are depressed, and when deflation rather than inflation is the watchword of the day, then investors should have the courage to acquire in flation-hedge investments—carefully and selec tively. I believe more inflation is ahead of us, but now is the time to hedge against K. THIS DELUGE SHOULD BE STOPPED Stories Behind Words hr William & PenfieM Carnival Sometimes a period of mtrrymaktag is staged be fore embarking on a somewhat long and demanding task. Such was the occasion before Lent, the 40 days of fasting—from Ash Wednesday to Blaster—observed in the Roman Catholic Church. People spent the last three days before Lent feast ing and having a good time. These three days were called “carnival.” meaning farewell to fkah.” The word was derived from two Latin words—camis, meaning “flesh,” and vale, “farewell” “Carnival” came to denote any exuberant merry making and then an amusement enterprise with rides, shows and games of chance. New* From The County Agent Who will feed us? I was with the Agri-Bustamss Caravan that visited Indiana, Illinois, and New York. Purdue University took charge of our visit in Indiana. Most of the operations we saw had to do with beef cattle, hogs, and poultry. With man’s ingenuity and his inventions, he it trying to change the environment of farm animals to his complete control. This we saw with both hogs and poultry. Ninety thousand laying hens under such control. Thirty thou sand to the house. Those three houses looked like tobacco ware houses. No windows or outride light going in whatever. Each hen is allowed only 3/4 of a square foot. Here we have 2 square feet and sometimes more. The egg gathering was auto matic. After the egg was laid, it rolled onto a belt and was car ried to a central point. There under very clean environment a lady placed the eggs in crates and sent them to the packing house next door. Yes, everything under control, temperature, humidity, light, feed, and water. The waste ma terial fell into pits below where it could be removed months la ter. I asked the County Agents and Specialists about this operation. “We can recommend this type of thing as sound. We’ve had enough experience, was the an swer. In large cities such as Chica go, very few people will be in volved in poultry production to supply the needs of the entire city. It looks as if pork production is headed in the same direction. We saw operations where the pigs never touched the ground. The pigs were housed in close confinement and often fed direct ly on the floor and the waste matter dropped below where a channel carried it to a lagoon. Cattle production in the Mid- West consists of steers on dry lot feeding, up to 300 head per farm. Feeding was automation and took only a few minutes. We inquired as to their source of feeder cattle. Most of them come in from Tennessee, Kentucky, and the far West. A few South ern cattle were on feed. This should be an area for our cattle men to explore. Our greatest potential In cattle production is the cow and calf method, and supply feeders to the corn belt. We can very well compete with farmers in the Mid-West if we can get the corn-down here rea sonably priced. Our farmers could do a better job of produc ing grain here in S. C., so that we could compete and produce our own pork and poultry pro ducts. H. C. Ladd of Carolina Milling Co., also made the caravan and felt that we in South Carolina have unlimited opportunities In poultry and livestock production. I had the pleasure of rooming with E. H. Taylor of Greer. Mr. Taylor is a noted peach grower, cotton and cattle farmer. He is a member of (he State Market Commission, served as chair man of Board of Directors of State Farm Bureau and was giv en the Master Farm Award many years ago. The Caravan was sponsored by the Wacbova Bank and Trust Co. of Charlotte, North Carolina. My trip was made possible by the a Palmetto Bank of Laurens for which I am grateful. Mountville News MBS. MAUDE BRYSON CLINTON, 8. C., THURSDAY, JUNK », 1964 (Bb* Clinton Cbrnntrlr July 4,1999 — WILLIAM WILSON ■ARRIS - 13, 1966 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Rale (payable in Advance) One Year $4.00, Six months $2J0 One Year $5.00 Second Class PoaCagt Paid at Clinton. 8. C. Form M79 In Cttatea Chroatela, Clinton, 8. C. 1MB aB not to of Itt subscribers and readers — the publisher will at id Madly advice ■ The Chronicle will publish letters of ttoy in not of a defamatory nature. Anonymous communications wiH la ant mepausArie Mr the views or opinions of its corrsspondeDts. Sooth Carolina Proof Aaoaciation, National Editorial Association AMERICAN A2C Milton H. Burns Jr, son of Mrs. Janie C. Burns, who has been stationed in Italy for sev eral months, is at home for sev eral days before going to Myrtle Beach. Mr. and Mrs. Paul Coleman and children of Columbia spent the weekend with Mr. and Mrs. Tom Coleman and Mrs. Janie C. Burns. Miss Brenda Wilson of Clinton is visiting this week with Miss Zana Crisp. The Jr. G. A.’s of the First Baptist Church was entertained with a picnic at the Grange Park on Saturday following their June meeting. Mr. and Mrs. Edd Burns and daughter of Columbia joined the family of the late P. W. Burns at the home of their sister, Mrs. Roy Miller on Sunday. Visiting Mr. and Mrs. J. H. Thomason Jr. during the week end were Mr. and Mrs. E. L. Faircloth and family of Laurens, and Mrs. Balentine and grand sons of Greenville. Miss Irene Workman of Clin ton spent Wednesday afternoon with her sister Mrs. H. W. Bry son. Mrs. Louise R. Bryson of Asheville, N. C. was at her home here in Mountville for several days last week. Visiting Mr. and Mrs. Wine- brenner several days last week was the latter’s niece Mrs. C. D. Allen and Mr. Allen of Gaines ville, Ga. Tommie Watts of Clinton is visiting his grandparents, Mr. and Mrs. G. C. Watts. Mr. and Mrs. Frances Ducker of Macon, Ga., spent the week end with Mrs. Ducker’s parents, Mr. and Mrs. E. E. Carter. Tom Bryson and children of Columbia visited Mr. and Mrs. Dan Turner in Newberry and Mr. and Mrs. H. W. Bryson dur ing the weriund. Mr. and Mrs. Troy Watts lias as their guests Sunday, Mr. and Mrs. Frank Bimpaon Jr., and fomfly of Joanna, and Mr. and Mrs. James Burgess and moo of Mr. and Mrs. H. D. Tommie joined their son W. D. Tommie and family and other relatives Sunday at the Greenwood State Park for dinner. Miss Lynn Thomason is at Pis- gah Drive Ranch in Candler, N. C. for the summer months. Miss Ruth Stokes spent sev eral days recently in Asheville, N. C. Sheaffer’s Pen and Refill NOW 1.00 Wm 1.7* The CHRONICLE Your i //Pij \\\\\ i\\ //i'll \ I i V W\ V Program Now Playing June 25-June 30 Thur.-Fri.-SaL-Mon.-Tue*. ELVIS PRESLEYS. ANIM-MARGRET * > / CESARE DANOVA WILLIAM DEMAREST NICKY BLAIR sauveenson george sIdney Shows: 3, 5, 7, and 9 — Saturday: 1:06 Continuous ADMISSION THIS PICTURE— Adulta: 75c — Children: 25c — In-Between: Me Coming July 1st— “THE CHALK GARDEN” Miss Carolyn Burns is spend ing this week at Ocean Drive Edgar Taylor and daughter visited Mr. and Mrs. Ben Oeuch on Sunday. Mr. and Mrs. Frank Stoaly children of Le.avlll.7Mr and Mrs. J. M. Ferguson and family of Fairforest visited with Mr. and Mrs. J. S. Winebrenner on Sunday. 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