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■ M. Loses 1 Builder de«th of Charles E. Daniel of j fcMth Carolina has loot a driv- tkat will not be replaced in years «ifl years. 1^1 Mr. Daniel don’t come along once in a lifetime—and a life- days is a long time, p. Daniel was more than an individual about his daily task of building build- He was the unseen force that gene- the vision, the courage, the action to bring to South Carolina an era of develop ment such as had not been seen before. Almost single-handedly, he raised the state from an economy based largely cm ag- rkultur to one that is decidedly more bal anced with industry. Textiles, of course, have been an eco nomic force in the state for years, largely in the northwestern Ptafcnont action. In dustrial plants are now to be seen in prac tically every area—and Mr. Daniel built most of them. He was the head of one of the largest construction firms in the United States. He went all over the country seeking industrial firms that would locate plants in this state. He told their owners of the huge, almost untapped supply of labor—in telligent, quick-to-learn workers — who would man their plants. And he was succasful. e Industries of all kinds came to the state—big. little, and in-between. And they are operating succesfuDy, many of them even beyond their fondest dreams. They have continued to come for many years. Mr. Daniel was in the construction busi ness to make money. That was his busi- THE CUNTON CHRONICLE CbBtM. 8. C. Thundiy IT, MM Don’t Blame The Auto The public Health Service reports that for the first four months of 19M the au tomobile accident rate was 18 per cent higher than for the same period hi 1968. The marvel is that the death rate isn’t higher than that when you see the total lack of courtesy and respect for others shown by drivers on public highways. Too many of them think (or don’t think) as they sit behind the wheel of a car with a 200 or 860 horsepower engine that they own the road. They pay no attention to speed laws, they ignore the simplest driv ing rules, and they seem to think that it will always be the other fellow who will be hurt, instead of themselves, when they cause accidents. You read in the newspapers of one-car accidents. The polite phrase is used, “the car went out of control” That really means the driver couldn’t handle his racing machine at the speed he was driving when a curve, a tree or a power pole failed to get out of his way. The better the highway the greater the danger, because most drivers are totally in competent to handle their can at the speeds they can go in violation of speed limits. Until respect for others improves, au tomobile killings will continue to mount The Only Roadblocks But the state, cities, towns, villages profited, too. And the industries he brought here profited also. Not the least of his accomplishments is right here in Clinton. The Clinton Bear ings Plant of The Torrington Company, based in Torrington, Conn., is a product of his building skill. He built the plant The Torrington Company—we would stake our life on it—would never have come to Clinton had it not been for Mr. Daniel We don’t know what transpired in the deal but we suspect that it was the persuasion of Mr. Daniel that caused the Torrington Company to come into the South at all. They have another plant in Oconee County —and Mr. Daniel built that, too. So we say, Mr. Daniel was a builder. Bt he was a builder in more ways th*n one. He built South Carolina in a new, modern era. Mead Company Still Considering River Site A recent statement by an official of the Mead Corporation that consideration was still being given to a site on the Savannah River for the construction of a paper prod ucts plant was heartening news. However, that statement is tempered by another remark by that same official, who stated in an interview that “there will be no industry in that valley (between Clark Hill Reservoir and Hartwell Dam) until the threat of a public power dam is taken away.” He was referring to Trotters Shoals fed eral power project near Calhoun Falla that would flood the Mead site. Also, the building of Trotters Shoals dam, it is claimed, would preclude the building of a huge electric generating plant by Duke Power Company. Few people, it seems, other than the U. S. Army Crops of Engineers and the elec tric co-ops want Trotters Shoals. The project would pay little, if any, tax es. Whatever benefits would accrue, would be more than offset by the millions in tax es to the state and counties—plus the em ployment of hundreds of people in the area, and a nearby market for pulpwood from a huge section of the state. fahfrm Discusses The Stock Market 9j BOGEB BABBOM Babson Park, Maas., Sept. 17—Readers are especially upset by the great difference of opin ion at this time amongst weU-quaUfled invest ment authorities as to the future of the stock market. dow-jones average The Dow-Jones lad—trial Average—especial ly—is looked upon today by many — a very im portant index of the stock market. As readers know, it was started many years ago by found ers of the Wall Street Journal The editors simp ly took the prices of a small number of moat ac tive stocks and averaged them, publishing this average every day. It soon acquired much more importance than had been anticipated. The managers, however, found that stock divi dends and other changes affected these quota tions in a way very difficult to index property. I cannot state Just how many times tike Dew Jones Industrial Index has been adjusted, but the num ber is considerable. In an investment column I have Just finished reading, I noted a suggest ion that this index may go up to 1000. This may seem high to many people. However, it should be realised that the climb from 000, where the Dow now is, to 1000 is only 17%; and the Index has risen over three times that much during the past two years. STANDARD AND POOR’S INDEX The Standard and Poor’s people of New York publish each night an index of what a very much larger list of stocks have done for the day. This index rises and falls much less sharply than the Dow-Jones. One the other hand, because it is less sensitive it is not referred to so often by many investors, who want something which moves more rapidly. There are also other indexes, inrindhig some prepared by individual newspapers and by the Associated Press. I have sometimes been tempt ed to combine all these into one; but fail to see what advantage such an average would give to investors. Furthermore, substitution of stocks in any of these indexes would complicate mat ters even more. MY PERSONAL HABIT I personally follow the custom of looking up the quotations of a few stocks in which I am in terested and writing them down in a notebook with the date and their quotation. My favorite stock is American News Company. This I buy as most people would a bond, because of its re markable record. The dividend which was declared by the Board of Directors at their meeting on July 30th is the 300th dividend paid by the company since its founding in 1864 This last dividend continues the company’s record for the longest uninter rupted number of monthly and/or qaarterty divi dend payments of any company that is listed on the New York Stock Exchange. WHAT ABOUT BONDS? There are also indexes showing the fluctua tion in bond prices. The fluctuation is very slight from day to day, but most of these sources carry a table which enables an investor to quickly note the changes in bond prices over a period of a few weeks or more. These prices are important to consider at this time. They show that while stocks have been go ing up, the prices of bonds have been going down. This does not necessarily mean that bonds are the best buy today; hot when yon can hoy U. 8. Government bonds to yield over 4 per cent, they should be an excellent purchase. MY PERSONAL CONCLUSION As a result of my yean of experience I ad vise readers not to “get hipped’’ on any ons class of securities, but to divide their investments say one third in hoods, one third in stocks, and one third liquid in cash which can ha wood for some unexpected event which Is aofo to some day end depress the prices of ptoo i making them attractive for Stories Behind Words * William & PooflaM Iconoclast During the 8th century the Eastern Church was divided by controversy. One side was in favor of worshiping images; the other aide opposed it In 726 the Byzantine Emperor, Leo the Isaurian, ordered that images in churches be covered or destroy ed. Members of the group which oppoeed the worship of images entered churches and broke the stataes and defaced the paintings. These persons were called iconoclasts, from the Greek words meaning image breakers. Iconoclast now denotes a person who attacks any entabbahed belief or custmo. EVERYDAY COUNSELOR By Btahap Herbert Spaagh Don’t be too busy to be kind, considerate, and appreciative to your loved ones. You will never regret it. But you will regret your failure to do so. I’ve seen too many people try to salve their conscience for neglect with an expensive casket when death comes. I quote from a letter just received from a correspond ent who is happy in her memo ries: “I began reading your column when I was a teen-ager. During the 13 years I’ve been married they have been a blessing to me. There have been many solutions to problems in my life, mar riage, and rearing five wonder ful children. “I never really knew how much a word of appreciation could mean until three years ago. My father, who was never a person who could express bow he felt, and I were never close, but after my marriage he chang ed so towards ms I towards him. As the years passed we became very close. “One day I will never forget. He came by frequently to see me and the children. On this par ticular day when he came to see me I was busy in the kitchen canning and ironing. When he came in he seemed the happiest I had seen him in years. I felt I should stop everything and sit down and talk with him, which I did. He fold me he didn’t know when he had felt stronger and better. We talked for more than an hour. When he left he said he must hurry home and do a re pair Job for my mother before he left for work in the afternoon. In a few hours we learned that my father had gone home, done the Job he had planned to do for mother, and had stretched out on the bed for some reft before go ing to work. Mother went in to waken him and found that during his sleep he had passed from this earthly life. “I’ve never regretted that l took the time to listen and to talk to Daddy. It made his pass ing so much easier to bear. “So oftan we never take the time to say words of apprecia tion and kindness we really feel to a loved one, and time passes so very fast. Those words help lift a weary heart and help you bear so many burdens. “So I’m writing to say thank you for the blessing you have been to me and for the many so lutions and advice I’ve received from your column.” We’re all so busy today, and often busy about the wrong things. So often we are too busy to take time to fe loved ones and expreee tion to them. This tarty true witn grown towards their parenti these parents have sacrificed for them without stint when they were growing children, and Inter when they started out their homes. Then the children be come busy and preoccupied. Sometimes these aging parents are shunted off into a nursing home, or more often, Just plain ^ neglected. I hope this letter will stir the conscience of some of you who have been too busy to show a little love and appreciation to your parents. « ROYAL gift for youngstors... ROYAL DOULTON BUNNYKINS WARE Ik* wi 9M9 DILLARD BOLAND Pitta Street Jeweler Clinton, 8. C. Highlights From Clinton High By CAROL SANDERS We have really been busy at CHS this week organizing clubs and having annual pictures made. On Tuesday freshmen and sophomores had their school pic tures taken for the annual. Jun ior and senior pictures were made Wednesday. Mr. Hannan Ammons was the photographer. Senior members of the Nation al Honor Society met two days during homeroom period to plan for their first meeting, which will be held Tuesday night in the library. These seniors are Edwin Sloan, Jane Johnson, Di anne Ledford, Eddie Shaaly, Mark King. Carol Saiders, Betty Mae Baldwin, and Phyllis Watts. Requirements for members are a ninety per cent over-all aver age for Juniors and seniors, and a ninety-two average for sopho mores on all academic subjects, with personal typing, glee club, band, physical education, me chanical drawing, textiles, and shop excluded. Students who fail these averages will be dropped at the end of the semester. A total of twenty-seven members and nineteen provisional mem bers are eligible for the club. The Beta Club has also organ ised, under the sponsorship of Mrs. Catherine Workman. An average of eighty-seven is re quired. Members who drop be low this grade will receive one warning during the semester. If they do not raise their grade by the end of the semester, they will be automatically dropped from the club. The Transportation Club held its first meeting September 14. Mr. Bruce Galloway, sponsor of the club, and Mr. Avery Smith led a discussion on bus routes. Mr. Galloway entertained the club with songs. Your I //AY/All WAX Program CLINTON, 8. C., THURSDAY, SEPTEMBER 17, H* (SHttfcm (tUprimUtr July 4, Mi — WILLIAM WIIOON HARRIS - Jana It, HU PUBLISHED EVERY THURSDAY BY THE CHRONICLE Subscription Rate (payable in Advance) One Year Second Class PoaCaft Paid at Clinton. S. C. POSTMASTER: Sand Farm XT29 to Cttnbai Chronicle, CHnton, 8. C. The Chronicle seeks the coopration Of its subeertbers and readers — the aB times appreciate wiae suggestions and Irtoily advice. 11m Chronicle will pubUah general latenat whoa they ars not of a ttefamatory nature. Anonymoui not be noticed. This paper is not rooponolbte ter the views or opinions of its will at letters of wfD National Editorial Association AMERICAN P TODAY - FRIDAY - SATURDAY Jk unthinkable to miss®™?! * the mmn minoeotot :86, 8:46, 1:16 :0Q, 8:86, 1:86 and 8:16 MON.-TUE&, SEPT. 1122 HIGH FUEL BILLS make you hit the ceiling? CEILING HOT WHEN YOU HIT IT? THEN YOU HAVE AN ORDINARY HEATERI *> _*UHM**£l«CTur' let, um mi lei never weste heet on the celling or out the ehlmney pays Itself with fuel It emeus! you for hitting the ceOmg if you conthniAlly pay ®’t get! The new SIEGLER 00 Home Heater out of every drop of ofl, then pours it out over i a SIEGLER, you get the comfort mirarU >R HEAT, no over-heated ceiUnfi and low, low fuel bUk. So don't hit the ceiling... hit your Siegler dealer for a hot demonstration! H. D. PAYNE & COMPANY 888-8718 Cfiatea, 8. C