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.1 « t I «h- ■ THX CUMTON CHBON1CLI CMatfla, 8. C, Tlunradaj, Octobtr 14, 1965 •yi p:n^ Pi-, n-l that singles one group of esnen out for • - punitive treatment The eHminstjon of The 26th anniversary o a double taxation would be an excellent start- ble Weefc’vrill be observed this year . point for tax reform in general. October 18 through 24. The theme for the Week, chosen by the Laymen’s National • Committee, Inc., will be “The Bible—Eter- A IN&UOH f The imamin? o( the word “etaml- as ,. We 8urrender ^thing of oorsolves applied to tho Bible s ou ethically when we blink at corruption and are apathetic about: wrong-doing, whether at a distance or at our doorsteps. We read with indignation of witnesses of crimes of violence who have failed to lift a hand, but we are all witnesses of violence and wrong doing and injustice in many quarters of our land, and too often, like the Levite, we pass by on the other side of the road. Sometimes, it ahnost seems, that we have become a nation of passers-by, and much of the popular ethic is highly atomistic. Yet, there can really be no doubt that ac- quiesence in wrong-doing, though a passive thing in itself, results in a deprivation, a loss, in ourselves of something very prec ious. Not to exercise one’s ability to op pose that which is unjust or corrupt or plainly wrong is slowly but surely to un dergo a paralysis. A man in such a con dition can scarcely be said to be in full possession of himself.”—Robert F. Goheen. President, Princeton University. ■eereUry; Mike Rush- tee of five faculty see the ^ •• j v" i • y eryone. And it id t)ie purpose of the Week to make this meaning come alive for all of us. Eternal means everlasting, a lifetime without beginning dr end, timeless. The Bible, made up of writings accepted by Christians as inspired by God and of Di vine authority sets for the history and the happenings, the relationships and the con cepts, that are the basis of Christianity. The Bible has been and must remain a timeless force in our lives. To keep it so, we must read the Bible and consider the • . . — in. .y, o meanings that are there for each of us. It is the one Book on whose pages have been inscribed life’s fundamental values— values that were meant to be eternal. Why not make every week a Bible Week— why not keep the Bible eternal? 1*4- of The tinel came out Tuesday, la this tea, issue It was siyg Tommy Johnson was elected > Patsy ahnmoas, editor of the Meath Is ieleelad hr King Teen for 1MB by popular Sentinel, was selected Student evaluation of InMattve, vote of the senior class. Tom- of tbs Month for October. Pat. scholarship, co-operatlea, re my will represent Clinton High sy was selected by a commit- sponsibOity, and school sptrtt. School at Wofford College dur ing King Teen Weekend. Four scholarships valued #t $4,000 each win be awarded to the four most outstanding candi dates attending the program. Last week the freshman class officers were elected. The new officers are: Mike Camp bell, president; Becky Willing ham, vice-president; Mike “Where Will It Stop?” Spending the taxpayer’s money—huge sums V it—for federal electric power projects is supposed to be good politics. It’s supposed to make the people of the areas involved deliriously happy and loyal to their elected representatives. But this is not always the case. A good many people—including editors—are grow ing more and more doubtful about this kind of politically-motivated spending. Up in Maine, for instance, a federal power dam is proposed which would cost something like $300 million. According to authorities, there is no earthly need for it —investor-owned utilities in the state are planning projects which will produce more power at about one-quarter of the cost And this situation brought compelling words from the Advertiser-Democrat of Norway, Biaine. It said: “The mere spending of 300 mil lions or more in this state is not going to reduce our light bills . . . We are seriously disappointed in our elected officials who are pushing so hard for passage of this useless project ’These same legislators would be doing well for their constituents if they would put as much effort into getting the gov ernment out of business, not deeper and deeper into business and in debt for vis ionary projects not backed up by facts and figures. ’These legislators of ours are voting us into Socialism at a rate of speed that is frightening. Where will it stop?” That is a good question. And the an swer is this: It won’t stop—until and un less an informed and determined electorate demands that it stop. The Siamese Twins - Aid and Control Stories Behind Words by William S. Pen field “Oar gas is so GOOD . . . our competitors even use it” Join the crowds who insist on our gas . . . and good service! Young Brothers GULF SERVICE 212 N. Broad 833-1487 Starting Pomt For Tax Reform . - Tax reduction and tax reform are prime matters of domestic discussion. . We have had reductions in income tax rates and elimination of some federal excise taxes. Tax reform is another matter. It in volves the elimination of inequities in the federal tax system. There is much talk about them—hut so far, no correction. One of the worst inequities is double taxation of dividend income. First, the corporation is taxed on its profits at the high going rate. Then dividends paid to the corporation’s stockholder-owners are taxed again at the individual income tax rates. TTie government gave some recognition to this injustice 10 years ago when a law was passed providing that stockholders could deduct 4 per cent from taxes due on dividends received. But even this token relief was subsequently withdrawn. Doable taxation of dividends is no small matter these days. More than 20 million Americans, the majority in the middle income brackets, own stocks and most of them recsive dividends. There is neither rhyme, reason or justice in a tax policy Babson’s Point of View On Can The Pound Survive? By ROGER W. BABSON Babson Park, Mass., October 14—This may be the year when the Dow Industrial Average con quers the alpine figure of 1,000. I discussed this in my Annual Forecast last December, and again in June. Yet financial historians may also remember 1965 for the mighty battle to stave off disaster for the British pound. And it may ultimately be recorded that the battle was won for 1965, but the war to save the pound was later lost. IMPORTANCE OF THE POUND When Winston Churchill announced, during his first unsuccessful campaign to return the Tories to power after World War II, that he did not intend to preside over the liquidation of His Majesty’s Empire, he expressed a noble point of view but an unrealistic Mice. Many today feel that it is just as unrealistic to try and shore up the pound. Without the productive capacity and the profit capability of a great industrial ma chine behind England, I predict that the support ers of the pound may be fighting a losing war. Why, then, do the money managers of the U. S. and of most other Free World Nations do ev erything in their power to keep the British mone tary unit afloat? Frankly, because . . . when the bell tolls for the pound, it could also toll for the dollar. It is in our own self-interest that we are working so hard to hold the pound close to its recent parity of $U0. OF MEN AND NATIONS For nations, after all, are not so very differ ent from men. If a man is a bird worker and a high earner, be can borrow with a greater chance of paying off his debts than an individual who is inefficient and a low earner. And if friends insist on loaning heavily to the low-earning citi zen—to tide him over a family crisis—they sure- , , . * ly know that the risk is high Furthermore, If Now that homecoming is dollar checks are offered to top they want to be sure of being repaid, they will over, life at CHS is pretty well salesmen. Last Friday Horace take pains to see that the borrower fives fro- back to normal, except for one Horton received a red and gaily and saves a part of his income for repay- major activity—the senior class white stuffed Wooly Bully ments. Certainly if the man jn debt should go magazine sale. This annual for selling the most subscrip- on a spending spree, his creditors would become subscription drive started last tions the first day of the dnve. alarmed and take him to task. They would not Tuesday and will continue for loan him money, to continue wasting moo- ten days. This year the money ey. that the seniors receive from WfigUnH, stripped of her empire ond with her the magazine sales will help huge pre-war foriegn investments dwindled—his finance their senior expenses, been spending more abroad than she has been such as rings, caps, and . THIS WEEK-END DINE OUT AT Wnantfl&i LAURENS COUNTY’S FINEST South Broad Street, Clinton, S. C. — FEATURING — PRIME AND CHOICE BEEF CUT AND COOKED TO ORDER OVER LIVE CHARCOAL SPECIAL THIS THURSDAY AND FRIDAY NIGHTS ONLY— 1/2 BARBECUED CHICKEN SERVED WITH HUSH PUPPIES, FRENCH FRIES, SLAW, TEA AND COFFEE $1.25 To Kill The Goose One day, according to one of Aesop’s fables, a farmer found a glittering yellow egg in the nest of one of his geese. He examined the egg and found that it was pure gold. The farmer visited the nest every day, and each. time found a golden egg. > As his wealth increased, so did his greed. He fig ured that if he killed the goose he could get all the golden eggs at once. But when he killed the goose and opened it, he found no eggs. The fable gave rise to the expression “to kill the goose that lays the golden egg”—often exprsesed “to kill the goose,” meaning to overreach oneself through greed. Before You Buy —Watches —Diamonds —Housewares —Toys —Fishing Tackle! Highlights From Clinton High By PATSY SIMMONS —Luggage —Auto Accessories —Hardware —Radios —TV Sporting Goods Wholesale Check Prices the at ALEXANDERS Greenville, Laurens, Greenwood Your ( 'MUAMKi Program Today, Friday, Saturday, Oct. 14-16 loooLMmaMt Feature: 3:10, 5:10, 7:10, 9:10 Saturday: Start 1:00 P. M. Mon.-Tues.-Wed., October 18-20 “THE RESTLESS ONES” Run In Cooperation With Churches of the Clinton Area ADMISSION: $1.00 — No Passes Honored Shows: Monday, 4:00 & 7:30 — Tuesday, 1:00 ft 7:30 Wednesday, 4:00 ft 7:30 These Are Feature Times — Only 2 Shows A Day CREDITORS’ NOTICE AH persons having claims aaginst the estate of Bessie S. Mauney, deceased, are hereby notified to file the same duly “**'**' — — — —*• —buvu o» v « p •, — verified with the undersiened. e4ra 5*"I o* »»» ^prnmencement to- tndebtai pound’s difficulties. A quick cure for her over- viutions. “t,, spending would be devaluation of her monetary Each Mnior ^ entitled to wixe. P * P ^ ODETTA MAUNEY, Administratrix Is entitled unit - thirty per cent of the cost of TRY WE MUST , i each subscription he sells; Even more serious could be the impact on our however, Look, Life, Reader’s <Mkr. Thlj i, Ktt»ny the cuilMcy of the Bottor Homo, end Oer- world. But the U. S. too hoe e skeleton In It, fl- ^ McCsir, entitle the nuclei cloeet. Our ferelfn ependln, hue been Mnlor to flftr per cent of the exceeding our foreign income for a long time. We have worked hard to cure the trouble, but are still running a deficit in our balance of in- At the end of the drive the "W*? compu, 1, offering shekel the confidence of the world trndere ta •«> the tour top the pound could also shake the International faith in the dollar. That is why we have worked so hard to get other nations to join in loans to top choice of one of five prizes—a transistor radio, a dock radio, 11 w * tc * 1 * • transistor tape re- Britain to shore up her money . . . even ftonigh w a * 1 *^ r dryer. Seveal the total loans exceed her present capacity to ** uffe d an lmala and two five- repay. That is why her Labor Government has promised to pull in its citizens’ belts and strive to increase English exports. But the eventual success of all of our com bined efforts is open to grave doubt. I would surely like to view the future of the pound with Polyanna faith. The job, however, is of stag gering size. And I seriously doubt that the will of any electorate to vote for more work and lens pay. The tide of history has been running in the other direction. My hope for a turnabout would be greater if I could see country working harder to put its own interna tional financial houib in order. Much depends on the physical condition of our President Crii Dowgl ■ BIRD SPABTANBtTM. 0. C CLINTON, S. C., THURSDAY, OCTOBER 14, 1965 Gttp (EUntmt QUjrmwlr July 4, 1M9 — WILLIAM WILSON HARRIS - 1$, UK PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBLISHING COMPANY Bate (Payable in Advance) One Year $LM; StxMonths $2.50 Second Class Postage Paid at Clinton, 8. C. POSTMASTER: Send Form 3579 to Clinton Chronicle, Clinton, 8. C. The Chronicle tedka the cooperation of its to wHl “ all times appreciate general interest whet notbe noticed. This and readers — the publisher will at The Chronicle will publish letters of >. Anonymous communications win views or optniona of Ra < South Carolina Press Association, Nstiooal Editorial Asaodation AMERICAN PRRSS ASSOCUTIOW Haw York, Chicago, Detroit, PhilafldpMs THE TORRINGTON COMPANY CLINTON BEARINGS PLANT JOBS AVAILABLE — FOR — QUALIFIED MACHINE OPERATORS Excellent opportunity to learn a akin in an en larged metal working industry under IdenI work ing conditions. Company pnld Mata HeapitaMantian and Life Holidays Vacation Surgical laanranfa kavt at least an eighth grade education and ha 18 yean ef ago. Apply at ths Personnel Office between the hsow of: 8:90 A.M. - 12:66 Noea 1:06 P.M. — 6:00 P.M. Monday Through Friday An Equal Opportunity Employer THE TORRINGTON COMPANY CLINTON BEARINGS PLANT WE FINANCED OUR CAR THROUGH Take a tip from us. We shopped around a lot — naturally we wanted to get the best deal wa could on the car and the financing. Well, we found both. We financed our car through this bank. Nice, friendly people. Easy to do business with, fast service. Best of ail, wa benefited from law bank rates ... and the c 't>ank arranged a convenient schedule of payments, too. • ' ■ 1 Jr-! . 'i' V ' Whether you're buying a new car or another car, be snvaft. Talk to the people at ** M. S. Bailey & Son, Bankers Established 1880 Member FMC Clinton, & C. Mfer "4% Interest Paid On One Year Savings Certificates a