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CLINTON CHBON1CLB Clinton, S. C n Thursday, June 10, 1965 Former Thomwdl Students Return Home It k always a happy occasion for any one to come back home. It warms the heart to be bark among childhood scenes and see people and friends we knew in years gone by. It is done every week, every month, every year, singly, by twos and threes, and family groups the country over. But this weekend, Clinton will be the scene of a colossal event—when hundreds will come back home. “Back home” in this case means to Thornwell—and to Clinton. And they will come from all sections of this big country—from Maine to Cali fornia, and from the State of Washington to Florida. Sons and daughters of Thornwell will gather for their reunion, held every five years. Most of them have been back for other reunions, but some will return for the first time since they left, five, ten, twenty, thirty, forty or more years ago. And it will be a happy occasion for all of them, for they have happy memories of the days spent at Thornwell during their childhood years. All of them are older, most are wiser, many of them occupy posi tions of prominence in their home towns. But the great body of them are just plain ordinary cititans in their communities, fill ing places in their homes, churches, busi nesses, trades, professions, etc. Thornwell is unique among chiki-caring institutions in this country in that it has always stressed education. That is the rea son why so many of its graduates are min isters, teachers, doctors, lawyers, dentists, nurses, business men. etc. As these men and women return this week-end, they will not only renew* acquaint ances at Thornwell, but many of them will greet and be greeted by residents of the city of Clinton whom they came to know in former years' They will experience once again the high regard and warnT relation ship that exists between Clinton and 'Hiora- well. state legislature apportionment Sixty Senators are now said to favor the measure, but a majority will require-eeven more. So the heat is on to convert at least that many of 13 who are undecided. Those in doubt should ask the folks back home. Yes, we did produce a near perfect Re public. But will they keep it, or will they, in the enjoyment of plenty, lose the mem ory of freedom. Material abundance with out character is the surest way to destruc tion.—Thomas Jefferson. Righi-To-Work And Union Membership The drive is underway to cause Congress to repeal section 14(b) of the Taft-Hartley Act, which permits the states to pass Right- to-Work laws prohibiting compulsory union ism as a condition of employment. In the 19 states whice have done so, every worker voluntarily decides whether to join or not, and is protected from coercion by either the union or the employer. The unions argue that Right-to-Work is, in effect, a union-busting tactic and is designed to play havoc with union member ship and the effectiveness of the unions in obtaining benefits for labor. In the light of that, some information provided by James R. Waaon. Specialist in Labor Relations, Legislative Reference Ser vice, Library of Congress, is extremely sig nificant He says: “For toe period 1966 to 1966, at least the tread in (AFL-CIO) membership in major union states without Right-to-Work laws is more unfavorable than in Right-to-Work states.** Specifical ly. union membership went up in 40 per cent of the Right-toWork states, as sganist 30 per cent in toe non Right-to-Work states. (tot reason for this, perhaps, is that the unions must do a bettor job where mem bership is voluntary rather than compul sory. They must sell themselves on the basis of service and make joining up a more •tractive proposition to toe worker. And they must be for more responsive to the wishes of the rank-and-file. Finally, if a man can’t hold a job with out joining and paying dues to an orgnni- aapoctom of his wishes in tha nn absolutely baric freedom is ds- There is no room for that kind of coercion in a truly foes society. Babson’s Point of View On The Dow-Jones Indurtrial Average By ROGER W. RAISON Babson Park, Mats., June 10.—In our annual forecast published In this paper December 31, we stated that the Dow-Jones Industrial Average could push up to 1,000. That day the Dow stood at 874.13. Most readers then felt that we were too optimistic. However, today, despite the mid- spring shakeout in the market, we are sticking to this forecast that the Dow Industrials will reach at least 1,000 in 1MB. Of course, there may be reactions such as the one touched off by Chairman Martin’s remarks concerning the simi larities between certain economic conditions to day and in 1989. Nevertheless, we feel that the May high of 930 on the Dow Industrials will be exceeded before Christmas. WHAT DOES THE DOW INDUSTRIAL AVERAGE INCLUDE? The Dow-Jones Industrial Average is made up of 36 active common stocks representing n number of the greatest corporations in America. They are as follows: Allied Chemical, Alumi num Co., American Can, American Telephone and Telegraph, American Tobacco, Anaconda, Bethlehem Steel, Chrysler, Du Pont, Eastman Kodak. General Electric, General Foods, Gen eral Motors, Goodyear, International Harvester, and International Nickel. Also. Internal tonal Paper, Johns-Manville. Owens-Illinois. Proctor and Gamble, Sears, Roe buck. Standard Oil of California, Standard Oil of New Jersey, Swift A Co.. Texaco, Union Carbide, United Aircraft, U. S. Steel, Westinghouse Elec tric, and Wool worth. Besides the Industrials, there are tiro other Dow-Jones Averages—one for the rails and one for the utilities. However, for the purpose of this discussion, we shall confine ourselves to the In dustrial Average. That is the “Average” which is best known. It is the one that everyone talks about. The others are of interest chiefly to tech nical market students who study the action of all three and by complicated processes try to determine where the stock market is going. DO THE INDUSTRIALS REPRESENT THE STOCK MARKET? There are 1573 U. S. companies listed on the New York Stock Exchange alone; not to mention the many additional concerns on the American Stock Market Exchange and the vast number traded on the over-the-counter markets. Thus, it seems rather foolish to think of the Dow In dustrials as representative of the whole market for U. S. stocks. Not only is this brief list of 30 stocks unrepresentative, but it is also “doctored up” by the mathematicians who ran the Average. By this we mean that adjustments have to be made continually for stock splits, stock divi dends, etc. Also, in a handful of 30 issues, if one stock has a really big rise the effect on the “average" can be quite misleading. Just think, what would have happened to the Dow Industrials if the men who ran it had included International Business Machines—or even Xerox, Polaroid, or Snytex? Had such issues been in there, the fabled figure of 1,000 for the Dow would look commonplace by now. Just recently, duPont ran up about 10 points and the Industrials jumped. Then, when the anticipated dividend increase did not mate rialise. it ran down again. Brokerage house wags are now saying: “As duPont goes so goes the Dow”! WHAT MAKES THE DOW-JONES AVERAGE MOVE? What we have especially in mind today is not the technical nature of the Dow-Jones Avenge. We have gone into that In detail a number of times in the past. Despite certain shortcomings, the Dow fives a good picture of motor market moves over n long petted of time—even if what deceiving from day to day. What to know is what makes the Dow Industrial Serves Him Right! Stories Behind Words ky William S. PenfieM An “X” as a Kin When a letter writer makes several "X’s” at the close of a letter, each "X” denotes a kiss from the writ er to the recipient. The origin of an “X” as a kiss goes back to Medieval times, when a very small percentage of the people could write. But whether one could write or not, the practice was to use an "X” as a signature on important docu ments such as wills and deeds. The "X,” or cross-mark, was chosen as a signature because of the great reilgious symbolism attached to “"the cross. The use of an “X” denoted an expression of good faith, and to reinforce this pledge of good faith, the signee would kiss the mark. This practice led to the recognition of an "X” as a symbol for a kiss. Eleanor Dial retiree this year from the Merrywood School as sixth grads teacher. Five teachers were the honor guests and Watson Dorn, chair man of the Board of Trustees presented each with a silver pitcher and a certificate of merit in appreciation of their years of service. < Mrs. H. M. Turner attended the Coleman-Self wedding at the First Baptist Church in Green wood Saturday afternoon. Mr. and Mrs. Clair Workmen of Kinards, Mrs. Luther Young of Clinton and Mrs. C. S. Pinion spent Thursday at Harleyville with Mr. and Mrs. D. C. Currie. Misses Margaret Gray and Cindy Crisp spent last week at Camp Fire Girts Camp at Cedar Mountain, N. C. Mrs. Roy Yount and Miss Louise Yount of Hickory, N. C. visited Mrs. C. B. MiUs Mon day. Mrs. W. M. Leaman has re turned home from several days visit with her sons and families at Asheville, N. C. CREDITORS’ NOTICE All persons having claims against the estate of Earl Thompson Griffin, deceased, are hereby notified to file the same, duly verified, with the under signed, and those indebted to said estate will please make payment likewise. MARY YOUNG JONES, Administratrix, Mountville, S. C. June 3, 1965 J10-3C-J24 CITATION FOR LETTERS OF ADMINSTRATION The State of South Careltea County of Laurens By J. H. Wasson, Probate Judge: WHEREAS Bessie H. Tucker made suit to me to grant her Let ters of Administration of the Estate and effects of Raymond Benjamin Tucker. These are, therefore, to cite IP YOU DON’T Mcap THE CHRONICLE YOU DON’T GET THE NEWS ■tiH admPQlri* an pnH singular the Kindred and Creditors of the said Raymond Benjamin Tucker, deceased, that they be and ap pear before me, in the Court of Probate, to be held at Laurens Court House, Laurens, S. C. on une 38 next, after publication hereof, at 10 o’clock in the fore noon, to show cause, if any they have, why the said Administra tion should not be granted. Given under my hand this 9th day of June Anno Domini 1986 J. Hewlett! Wasson J. P. L. C. Jl-4q “I STILL SAY HE’S THE BETTER MAN” Once you visit Citizens Federal and have a talk with him I think you’ll agree. He’s so nice to talk to. ///// \ -S // /V/ A't / * V U / \ <V S \ / \ //< > \ ANTICIPATED DIVIDEND RATE 4V«% Your mmwKL Oneafrte ■ J ^ Program Today, June 10 - June 16 /ta *Mf/hs *Ut//rs Stmglts Cross Hil Nows MRS. HAROLD AUSTIN. Oerrispsadeut Mrs. Roily Bannister and Mrs. J. H. Thomason. Jr, entertain ed the Friendly Garden Club Tuesday afternoon June 1st at the home of Mrs. Bannister. The home was lovely with ar rangements of day lilies and shasta daisies. Mrs. R. T. Hollingsworth, the president presided. She welcom ed the visitors Mrs. Milam Bry son of Newberry, Mrs. Maude Bryson, Miss Zelle Crisp and Mrs. George Wham, an honorary member. The secretary, Mrs. H. W. Bry son called the roll and read the minutes of the last meeting. Mrs. C. S. Pinson was pro gram leader. Mrs. Jake Raeor led a beauti ful devotional based on Daniel 11:3. Mrs. C. S. Pinson presented the program in a most entertaining way. She selected it from a book written by Mrs. NeB Outlaw and entitled “Voiceless Lips." From this book she mentioned a num ber of flowers and the message they convey. Flowers seem to talk to those who love them. The rose conveys the message of love, the marigold conveys obed ience. the poppy conveys peace and the iris dignity were n few of the examples she gave. She illustrated her talk with a poster which she had made with color ed pictures of the flowers she talked about and had message each conveys written under it. At the conclusion Of the pro gram the members and guests were invited into the dining room where refreshments of pressed chicken salad, sandwich es. strawberry tarts and punch were served buffet style. The hostesses were assisted by Mrs. L. T. Watts and Mrs. L. R. Adams. After refreshments the mem bers were invited to visit Mrs. Bannister’s flower garden. On Monday, May 31 at 12:45 School District No. 50 of Green wood Counyt entertained the 1985 retiring teachers with a luncheon at Holiday Inn. "What’s year EXCUSE, Charles . . . FOR NOT having my car READY?" It takes a MAJOR disaster to slow our fast DEPENDABLE service down! Young Brothers GULF SERVICE 212 N. Broad 833-1487 if Jxml/HE JMXMULUm tmS Features: 3:25, 5:20, 7:15, 9:10 Saturday: Start 1:00 P. M. brand basket ef But to this Atomic Age we have to took tori is Consult ii to toara tout than it hope for out rimfour) to at! aridt tha Sa- Owurt’s BAILEY AGENCY M. & Brihp (k Saa Dtri Day 8S84881 — Night CLINTON. 8. C,, TMURShAT, JUNK M, Sip (Btintmt CQprmrtrU J*y 4, 1998 - WILLIAM WBriON One Year*** IS £2 BASHFUL (PUDUN) HENRY SHOW MUSK COUNTRY STYLE Each Weekday From 5:00 A. M.-7.-00 A. M. 1A0 P. M.-3A0 P. M. wn YOU moke the deal Writ Pit Ym laiiad TIm WImsI WITH A LOW COST AUTO LOAN FROM OUR BANK M. S. Bafley & See, Bankers sc “4% Interest PeU On toe Yeer Savings CerHUtetw"