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] ■ 4 Tqi CUNTON CHRONICLE * »■ P ■■ f W—I.— ... ■ ■■ — CMbUb, & C, Tknlv, October 22,1H4 Youths Need Pupftti the assault on povarty by the Aj^lriatraHon, some of the programs sug- gteted may not be effective. "v* For instance, make-work jobs in the Nfeproftt area are ho substitute for the ehaBsaige of getting and holding a job on ons'e own merits. They are/more likely to soeoorage dependency on others than the aslf-rdiance and self-dieciirfine which en> | a young person to find his own place world. iportant as education and training are in making an individual a more attractive employee, they do not make jobs—which are what is needed. The jobs that are now unfilled require people with different apti tudes and different training from what is contemlated in the programs for youths. In the final analysis, youths need jobs in industry, not temporary government- generated jobs. And to employ youths, in dustry needs greater profit opportunities and fewer restrictive practices of govern ment that dampen the business climate. violepce to toe Constitution, or that have failed in their purpose, or that impost on the pople unwarranted financial burden. I will not attempt to discover whether leg islation is needed before I have first dttotf- mined whether it is constitutionally pennis- sable. And if I should be later attacked for neglecting my constituents’ ’interests” I shall reply that I was informed that their main interest is liberty and that in that cause I am doing the very best I can. WHICH WH4. IT BE, SON? X' Brookville, Pa., American: ‘The aver age American would explode in righteous indignation if someone suddenly told him he didn’t have the right to vote. The sad fact is, however, that far too many who have the privilege are letting K go to waste. Estimates are that unless somebody shakes them out of their apathy and indifference, some 40 million eligibles will neglect to cast ballots in November. Qoae To The Welfare Slate U. S. News & World Report has publish ed a chart that every taxpayer should study. It shows the incredible growth of federal subsidies to toe states and local governments. In 1964 this spending totaled 12.7 bil lion. The figure for the current year is $10.2 billion. Next year, ad^ording to of ficial estimates, it wiH reach $10.6 button. A very large part of this goes for a lengthy list of aid and welfare projects, along with such innovations as federally financed shim clearance and housing devel opments. And, staggering as the dollar figures are, they can’t tell the worst part of the story. That part lies in toe steady ooaion of state and local rights, obligations and responsibilities. At the rate we’re going, it won’t be long until non-federal governments will be little more than mean ingless names. We are doeer to a Welfare State than toe majority of people realise. Unless the trend is checked somehow, the ultimate ef fect on the American character, as well as the American pocketbook, will be disas trous. National Bible Week We live in all-too-caaual world—a world in which almost everything, including relig ion, seems to be largely taken for granted. Far too few of us give a little time each day to reading the Bible—to seek and to find in it help toward the problems and confusions of our age. That is why National Bible We*, ob served October 19-26, now takes on greater meaning than ever before. It Is sponsored by the Laymen’s National Committee, Inc., which ia an All Faitha organization. This year the chosen theme is a termendously timely one: ’The Bible: God’s Word— Man’s Hope—In Unity.” How much that can mean to us all! It is anticipated that many millions of people will observe the We* and make it the outstanding and far-reaching success it deserves to be. But that is not enough. Every week should be a Bible week, every day a Bible day. The greater our material abundance, the more faithfully we should build and sustain • our spiritual values. A Good Platform The following declaration could well be included in the platform of any candidate for President of the United States—Repub lican or Democratic. —- -The fact that it was uttered by Barry- Goldwater is beside the point: T have little interest in streamlining or making it more efficient for I mean to i its Mm. I do not undertake to pro welfare, for I propose to extend free- My aim It not to past laws, but to Hmm. It ia net to inaugurate now tat to cancel old ones that do B&bson Discusses Wage-Price Inflation By ROGEB W. BABSON Babson Park, Mass., October 22—When the late President Kennedy announced that 3.2% would be the annual ruideline beyond which labor wage hikes should not go, I told my clients that the “regulation” would be ignored. Sure enough, neither management nor the unions have honored that barrier against wage-price inflation, even though President Johnson repeated the call for a 3.2% ceiling in his economic report last Janu ary. REASON POE THE YARDSTICK Fear of further wagt-price uptwists first prompted the government to ask for votamtary restraints. It was estimated that product!viy— output per ir.an-bour—has been going up 3.3% a year. Hence, it would be permissible, and rea sonable, for unions to ask for a parallel raise in pay-fringe benefits. This could be granted with out bringing enough pressure on labor costs so that employers would have to lift product prices. Thus it was hoped to avoid wage-price inflation while still allowing reasonable gains in worker incomes. Although neither the unions nor management had much to say when the productivity yardstick was announced, it was soon evident that neither side intended to comply with the government’s request. Most of the important labor contracts signed since that time have gone beyond the guideline in their wage-fringe concessions. Thus far, however, many of the companies Involved have been able to absorb the extra expenditures without sharply boosting prices. But advances are in the air, especially in coal, clothing and transport. AUTO PACTS MEAN HIGHER PRICE CEILINGS Just how ready the unions and management are to overlook the productivity guideline has been shown in autos. Industry, the government, and the public were brought up short when Chrysler started the ball rolling by giving the United Auto Workers a package—including pen sions, raises, and working benefits—that upped costs an estimated 4.7% a year during the agree ment’s three-year span. True, this avoided a strike at Chrysler and Ford just before the national elections—but not at the more tough-minded General Motors. It proved once again that the guideline means nothing to either employer or union forces. And the scope of the annual boost in labor costs means that cost-push Inflation in the auto Indus try is on the march. Anything more will mean a severe squeeze on profits. While the wealthy auto makers might be able to absorb some of the costs—and perhaps sop up some more by in stalling “extras” in their cars—many smaller concerns that will be pushed to keep up with the wage-fringe gains will simply have to raise prices. HOW FAR WILL THE PRICE RISE GOT Wnether the new lift in labor costs comes from new and/or more liberal pensions, wags hikes or fringe benefits, the results will be the same. Upward pressure on price ceilings will definitely increase. There have already quiet boosts at the manufacturers’ level, these will be translated into higher retail prices over the period ahead. “How long wiH prices and wages continue to mount, how far wffl they go?” The answer as to what is almost certainly going to happen is easier than the matter of when. Here is how I see it : Higher labor costs must be offset—at least to a certain degree—by higher prices. As al ways, higher prices srffl mean new demands for raises. So the spiral will continue to rise until. . . UNTIL WHAT? - “ ~ _ . Sooner or later wage-price increases will be come so unrealistic that there will be an infla- tinnagy blow-off. Things win be tough when that happens and the long business climb could be stopped short. I am optimistic enough to be lieve, however, that this inevitable correction may be aU to the good. The blow-off wffl bring us back to our senees, and the heyday wffl ho over for those who think that Inflation Teacher Association rummage sale. The week precoding the sale, pupils of Florida Street School will solicit rummage un der the direction of Mrs. J. B. Hart. 1# Tears Age: The tax levy for 1M4-36 was set at S3 mills by dty council at its meeting Monday night. This is the sarnie rate that has been in effect for the past sev eral years. * • • PHatnn merchants, entering into the spirit of PC homecom ing, will decorate their show win dows and store fronts for the occasion which is scheduled this Friday. Directors of the local Mer chants Association, under the leadership of President J. C. Thomas, met last Monday and made plans to give their fall co operation to the coflege la its efforts to welcome alumni re turning to the canvas for tho homecoming game with David son College Friday night on Walter Johneoa field. OFFICE SUPPLIES CHRONICLE PUR. CO. Stories Behind Words fcj Wilttam 8. PenfleM Rostrum The word rostrum came straight from Latin and originally meant a beak. A war ship in Roman tfanea had a pointed prow that resembled a beak, or rostrum as the Romans called it There was a platform for speakers in the Forum, the place where public business was conducted in Rome. This platform was decorated with toe prows of captured Carthaginian ships, so the Romans called the platform “rostra”—the place of the ships’ prows. Since rostra is a plural noun the English adpoted the singular form rostrum, to denote a platform for public speakers. From Thd Chronicle Filts Looking Backward Let the files of The Clinton Chronicle help you recall past civic and social events involv ing people of Clinton and Lau rens County. «• Tears Age: The contract for the erection of Clinton’s new grammar school building was awarded Tuesday by the board of trustees to con tractor C. M. Guest, of Ander son, over a number of competi tive bidders. The contract price Is $S3.000. • 0 0 The initial meeting of the year of the Laurens County Teachers Association will be held next Saturday morning in Laurens. The county superintendent of education, Miss Kate Wofford, has sent out communication rel ative to the meeting and the work of the organization for the year. • • e President Calvin Coolidge threw out the first ball Saturday that started the world series games between Washington, the American League champions, and the New York Giants, Na tional League winners, ta Tears Agu: For exceptionally meritorious conduct in the performance of outstanding services on the Fifth Army front in Italy, Lieutenant Colonel Ansel B. Godfrey of this city, recently was presented the Legion of Merit, third highest army decoration. • • • Clinton will play host on Oc tober 17 to law enforcement of ficers from communities in the vicinity, attending a conference to be held at the Armory on South Broad Street, sposteorsd by the Federal Bureau of In vestigation. • • » The weekend of October 19-11 has been set for the Parent- BmmRi TODAY-SATURDAY mar GOULET uotWILUMB /•/4.,//,,,. v/,v, Gay, Romantic Comedy Shows 3, 6, 7 and 9 Satnrday Start 1:00 P. M, MON.-TUES^ OCT. 26*27 JOSHUA LOGANS anas MUfPBKKl. ieofobdI* w*s".*aw Shows 3, 5, 7 and 9 STARTS WED. OCT. 28 Brought Back To Please You! Shows 3. 5, 7 and 9 REPORT OF CONDITION Bank of Clinton of Clinton, in the State of South Carolina, at the close of business October I, 1M4 ASSETS Cash, balances with other banks, and cash items in process of collection $ United States Government obligations, direct and guaranteed Obligations of States and political subdivisions Other bonds, notes and debentures (includibg $99,- 988.75 securities of Federal agencies and corpora tions not guaranteed by U. 8.) 806*7* 961,096.14 516,814.34 Loans and discounts Bank premises owned $34,161.96, furniture and fixtures $13*9.62 Other assets ; 99*9.78 1*6,119.06 48,071* 3,004.30 TOTAL ASSETS $8*4,484.10 LIABILITIES Demand deposits of individuals, partnerships, and corporations $1*1*4* Time and savings deposits of individuals, partner ships and corporations Deposits of United States Government (including poetal savings) 886,601.61 Deposits of States and political subdivisions Certified and officers’ checks, etc. TOTAL DEPOSITS (a) Total demand deposits $3*3,802.66 (b) Total time and savings deposits _ $ 666,606.64 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital: (a) Common stock, total par value $100,000.00 Surplus Undivided profits Reserves (and retirement account for preferred capital) - $ 109*0.00 > » . 100,0** _ H6*7* TOTAL CAPITAL ACCOUNTS TOTAL LIABILITIES AND CAPITAL ACCOUNTS $3*4,49110 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes (including notes and bills redis counted and securities sold with agreement to re purchase $ 530*9* I, Harry McSween, Cashier of the above-aMM# |*j| * *6 emnly swear that this report of coRdMaB it true aBf Rttnat ta the beet of my knowledge and beBat. HARRY T. Correct—Attest: J. C. Thomas, R. P. Earner, T. R. J. L. Young Director!. State of South Carolina, County of Laurent, ss: Sworn to and subscribed before me fids 16th day of Oct,J|64, and I hereby certify that I am not an officer or director of tUs bank. S. MARGARET HOLLAND, Notary Public My commission expires at the wffl of the SEE ME BEFORE YOU RENEW! 10-20-5 Auto Liability Aa Law Aa $27.00 Per Year Win. S. Hatton P. O. Bax 911 s. c. IS3-3SSC SECURITY INSURANCE Lite • Health • Auta • Fko [ J.C. THOMAS BRONZED BABY SHOE CHRISTMAS SALE upward forever without running awey. From then on—given common oenae and a rebirth of religious conviction—we *0*4 bs in a position to build both am ness lives upon much firmer CLINTON, 8. C., THURSDAY, OCTOBER * 1964 utyr (dlintmt (ftynrairir ** 4,1649 - WILLIAM MMBON KARRIS - 13. 19* PUBUSHED EtERY THURSDAY BY TBB dHIONlCLl PtJBUMING COMPANY Rale <p*BMe In Advance) OM tem $4*. Six CSS Second Class Postage Paid aft Cttnten. S. C. POSTMASTER: Send Form 8679 to Clinton Chronicle, Clinton. S. C. The Chronicle seeks the cooperation of its subscriber! and readers — the publisher will at an times appreciate wise suggestions and kindly advice. The Chronicle will pnbUeh letters of general IntereM when they are not of a defamatory nature. Anonymous communications wffl not bs noticed. TUs paper is not responsible for the views or opinions of its Member: South Carolina Press Association, National Editorial Association AMERICAN PRESS ASSOCIATION UMITEI THE HIT 4 STTIES IEIICEI ■Ifll II Omi Miutur, SOSi able tiny abMS sorgaoutly Su. «IMS Srwt«. .....SM 13" branasd as Hfs Umm bssesshs*. SITU B Arittocrtt Saak tail. 4«R Giva tham “tha Sift wttb a lsa»- ftlBW- ■ww*. ..OSB I* mg thrill" and watch thair facaa tmi It ^ 0«* NstnwMt |R light up Christmas Day- *** * •miH ... taMMlsStaas. as lig tmm •«. «UI w. Sram. .. SS* S* MS . . . tm* Mr'S rssm sag kirtb- sa* aapsntf . .. tair is* par tettn. MINS SUES I CANT COME IN? FW sat MS CMr I I I i. C Thomas, Jeweler “IPs CUNTON JOANNA Special This unusual in order that a gaasewahla factory work PULL TIMd...THiY»Al AROUND 7 Big - Drawers! ■ix/;p ^ > Check these features at on, Y $ >< Ass 6 COAT Walnut, wands for a long lasting beautiful finish. SMARTLY styled hardware-* desk that is adapt able to any room fat the nemo. Make letter writing a |oy rather than a dmdgary with this beautiful T. E. JONES & SONS, Inc 8. C. — Dfal —