The Clinton chronicle. (Clinton, S.C.) 1901-current, October 14, 1965, Image 2
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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
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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