University of South Carolina Libraries
THE CLINTON CHRONICLE Clinton, 8. G* Thursday, Doe-bar 2, IMS For Better Leadership AH fifty states and thrte United States territories are combining their talents to iminrove education at every level, in every dty and town, through a “Compact for Education.” Meeting recently in Kansas City, gov ernors, legislators, educators and laymen a partnership to cooperate in re formation. This cooperative effort should go a long way toward helping the states regain some of the educational leadership they have lost to the federal government. The commission will have the author ity to collect and interpret information con cerning educational needs and resources, encourage and foster research in education develop methods for adequate financing of education and formulate suggested poli cies and plans for the improvement of education. The commission will meet annually while the 30-member steering committee, includ ing 10 governors, meets quarterly. The Interstate Compact for Education is a positive step toward meeting the fu ture educational needs of the nation, and the active participation by all states should be encouraged. ledge about the size of the profits that are earned. So a breakdown of the experience of the nation’s 100 largest manufacturers during a recent year may be of value. Here it is: Of each dollar received from custom- v - v ' ers, 61 cents went to pay for goods and services. bought from others. Five cents was consumed by the cost of tools wearing out—that is, obsolescence. Dr nine cen The cost of human energy—wages and other payroll items—took 27 cents. After all these bills were met, seven cents remained. This was the profit. But only about half of it was paid in the form of dividends to the owners of these busi nesses. The other half was used for rein vestment within the businesses themselves —that is, for expansion, new tools, and all the other things that are necessary if any enterprise is to keep its place in the sun in a competitive economy. Those who still think that the hand of the stockholders goes deep into the cookie jar had best think again. IN THE BEST OF HANDS Babson’s Poin Price Control Highlights From Clinton High ed Thursday at S p.m. at Broad Street Methodist Church by Bar. E. W. Rogers. Burial was in Students reported back to school Monday after a long week end of feasting, hunting, writing note cards, and just being lazy with not a thing to do.' The seniors spent most of their bolidays at the Presbyterian Col lege library writing note cards for their research themes. The note cards were handed in to the English teachers Wednesday, but the actual theme is not due until January 20. The research theme is the biggest and most impor tant work in the senior English course. Seniors and juniors received their pictures Tuesday. Each Tortsi Sins Copeland Teresa Sims (Terry) Copeland, 20, died suddenly Tuesday after noon at Bailey Memorial Hoepit- al, Nov. 22, after several years of declining health. Native of Clinton, a member of Broad Street M.ethodist By PATSY SIMMONS photo package contained two 8x10 Selenium toned portraits and twelve waiift pictures. picturee were made by Delmar Studios in Charlotte. Church, she was a daughter of L. L. Copeland Jr. and Mrs. Lu cille Sims Copeland. Surviving in addition to her parents are her sister , Miss Linda Copeland of the home; two brothers, Tommy and Bill Copeland of the home; and paternal grandparents, Mr. and Mrs. L. L. Copeland Sr. of Clin ton. Funeral services were coeduct- Pall bearers were Irby W. Fer guson, Frank M. Boland Jr., Marvin W. Manley, Belton H. Lawson, Frank 8. Pitts and Wil liam C. Milam Jr. ■ wEwwWWm^ —wnw Funeral services for Mrs. Etta 18, of 207 Davis St., who died Sunday, Nov. 21, wife of Douglas E. Medlock Jr., were conducted Tuesday at 11 a.m. at Gray Funeral Home by Rev. Tommy Moore. Burial was in Rosemont Cemetery. Pallbearers were Donald Lae Pearson, Ford Oliver, Wayne Gerner, Jimmy Campbell, Har old and Paul Sample. IF TOC DON’T BEAD THE CHRONICLE TOC DON’T GET THE NEWS The Great Question It will be a long time, if ever, before controversy over the deeds of the 89th Con gress ends. And it will be a long time be fore the full effect, for good or ill, of the mass of unique legislation it passed is fully felt and understood. But one thing is certain—the 89th has been a spender with a capital S. Time magazine reports succinctly: “In all, the 89th spent |119.3 billion—a total unprece dented in peacetime and one that will re quire decades to pay off ; interest on this year’s national debt alone came to $11 bil lion.” It now remains to be seen what spend ing on this staggering scale will do to the dollar’s worth. Federal deficits, as painful past xeperience tells us, are breeders of in flation. And, ironically, inflation is the worst enemy of the people of small means whom much of the new legislation is sup posed to help. If the government cannot come near to balancing its budget in boom times, when tax revenues are at enormous levels, when can it? The dollar’s value has been degraded by about half in the post-war yean. What will be left of it a few years from now? No more important question than that confronts the American people. A Political Nostrum Just why Congress should lean toward the socialistic philosophy 'in the -United States is more than a lot of good people can understand. None of its members were elected on a socialistic ticket. Socialism’s various ramifications which Congress has already endorsed in many forms under camouflaged titles are already flourishing here. Hiey are increasing the public debt and inflation. In the interest of their children and grandchildren and representative govern ment it is time every citizen who is op posed to socialism should so express him self. Too many socialistic schemes have al ready been fastened to us in the name of “the people’s rights,” when they should be referred to as “the loss of the people’s rights." One can respect men like Norman Thomas who believes in socialism as a form of government and advocate it under its right name, But it is hard to respect pro ponents of any program who peddle their nostrums to the people under a catch- phrase, or a something for nothing “come on." Not So Many Cookies It is probable that no subject of an eco nomic nature is generally misunderstood than what happens to the income taken in by this country’s major industries. There is is a particularly flagrant lack of know- By ROGER W. BABSON Babson Part:, Mass., December 3—This cob umn has been generally pleased with President Johnson’s efforts to unite all elements of the pop ulation in the Great Concensus. Businessmen of both major political parties have given the Ad ministration strong support However, in recent weeks they have become increasingly disturbed by government efforts to control prices and in vestment without the passage of laws by Con gress. LAW vs EDICT Our Founding Fathers devoted their greatest efforts toward setting up a government of laws, i as opposed to government of men. They had had first-hand knowledge of the oppression which a power across the seas imposed on men in Ameri ca, without their consent. Hence, the popular cry of those days, "No taxation, without repre sentation.” Our Constitution was drawn with the clear in tent of separating the powers and functions of the legislative, executive, and judicial branch es of the government. Safeguards were set up to prevent the executive from t*n«ig over the In herent power of the legislative. It was the job of the executive to enforce the laws drawn by the Congress . . . who were the representatives of the people. Except in extreme emergencies, and in ways specifically defined, the executive was not to rule by edict. BEHIND TODAT’S HASSLE What is disturbing many today is the Adminis tration’s efforts to control prices and investment without explicit congressional legislation. Cer tainly no one wants inflation. History shows that previous periods of prosperity have been wrecked on the reefs of high prices. Many now living can recall President Roose velt’s condemnation of copper price hikes in the spHng of 1837. TBey remember that big jumps lb the metal were followed by the business down turn later that year. Undoubtedly, it is this fear of what could happen to our current prosperity that is behind present Administration efforts to roll back price* wherever they stick their heads up in basic materials. IN INVESTMENT, TOO Bulging prices are not the only areas that are disturbing the government planners today. Ottr international payments position—the balance be tween what we owe foreign countries and what they owe us—has run against us again in the third quarter. And fears are rising that the fourth quarter’s imbalance may he even worse. Here again, direct intervention by the execu tive department of the government seems to ap peal to Washington. Recently it stepped in and requested that a big publicity owned Canadian utility postpone its November-planned financing in the U. S. until after the first of 1M6 . . . pre sumably because seasonal forces would make our international financial position stronger in the first quarter of next year. In addition, U. S. corporations with properties abroad are being asked to cut down the size of planned further in vestments outside this country. TWO GREAT DANGERS Hasty unilateral action by the executive, with out deliberations and consent of Congress, poses two great dangers for our future. The first is political ... it is not the American way. The second is economic ... the thin, fragile line Of public confidence could be cracked, with devas tating effect on our current wave of prosperity. In its very effort to prolong the boom, the Ad ministration could he raising a harrier to its fu ture progress. Take a look at the steel industry. Usually a “prince” in good times, its common stocks have long been laggards in the market place. If the pinching of profits through price restrictions should spread through the economy, could recession be far behind? But, of far greater importance to America are the political aspects of our forsaking the con stitutional way of conducting our government. If the executive branch today can use powers granted jto it for storkplting strategic materials to beat hart prices, may not some future exec utive use acts now on the books regulating trade and drags to limit consumer the threat of war necessity? Stories Behind Words WWbui 8. PmftcM Young Turk Until 1909 Turkey was an absolute monarchy, ruled by a sultan whose will was supreme in the land. For a number of years a political party composed chiefly of younger men had been going in Turkey. This party was known as the Young Turks, and its aim was to bring about reforms. In 1909, the Young Turks forced the sultan to give up the throne to his brother. In the process the Young Turks brought about some reforms, though not as many as they had promised. In allusion to the Turkish party, a member of a radical group of young men is call a “Young Turk.” 6% YIELD T* Maturity. 12 year Maturity VnltiA ^nkwirrli —AntiirAa » wi w wwoovv wvwvw •rwwwvffwwe. Soria* f. SoM oa a tfitcoufit bo.l. at $900, $2,500, $5,000, woturu at $1,000. $5,000, $10,- 000. toJauMahla at option at company attar 4 Moatki from purdtato 4ato upon domand at purchaser. Wa have no talos- mon, so write, call, or com# to saa us. SoM hy prospectus only. WINCHESTER GRAHAM, INC. tot* ASSCMIIY ST. P. O. MX M COIUMIIA, S. C. PlEAtC UNO MOW ICTUS. I I | Nam* _ 1 AdUrms Mountville News MBS. MAUDE BBYSON Rev. and Mrs. W. E. Boyd of Nashville Tens., with their child* ren Eddie and Debbie visited Mr. and Mrs. H. W. Bryson Fri day. Mr. Author B. Crisp and Mr. and Mrs. Yates Ross visited Mr. and Mrs. Roy Adams Sunday. Mr. and Mrs. Collie Streetman of Greenwood were with Mr. end Mrs E. L. Stewart Saturday. During the holidays Mr. and Mr*. Ben TYafldle and children, Ben Jr. and Jimmie of Tallahas see, Fla., visited Mrs. Waddle’s parents Mr. and Mrs. Roy Crisp. Mr. and Mrs. P. H. Miller visit, ed their son C. P. Miller and family in Lancaster Thursday. Visiting Mr. and Mrs. P. W. Finley during last week were Mrs. Inez Bryant of Anderson, Mrs. Wood and daughter of Bel ton, Mr. and Mrs. Harold Mar tin, Charlotte, N. C., Alton Fin ley, Greenville and Mr. and Mrs. Jack Finley of Laurens. Also Mr. and Mrs. George Finley and fam ily of Charlotte, N. C. Jimmie H. Lynch of Union spent several days last week with his parents, Mr. and Mrs. Walter Lynch. While here, he and his mother attended the wedding of his cousn Mrs. Sylvia Bobo of Ninety Six. Miss Zelle Crisp is visiting Mrs. Sydney Crisp in Graver, N. C. After spending Thanksgiving with har relatives here Dr. Blanche C. Badger returned to Farmsville, Va., Saturday where she is teaching in the college there. Advertisers Patronize The Chronide please more... cost less! Suu our iMBirina orruy of aowssl cwbHsbi h diamond bridal pair at hWw*l ovality. Etoaaat diamonds. Mead bam $125.00 totalling Mloctioa of Dfaaoad say* ring far f!aa diamond rings hr ‘ W. Sot la saM W haclam cutessd ■mo. 14C gold...bam karat gaM. At cabr... }4 $2*5.00 DIAMOND WATCHES that thrill os no •r gilt.willl $225.00 $150.00 ftBSSt otoflty In a wtdn a with famous $*• our array. Count aa utmost valaa. J. C Thomas, Jeweler *n*e CLINTON JOANNA CLINTON, 8. C., THURSDAY, DECEMBER t, Ml St)? QHtntxm (Elprmrirlr July 4, Hit — WILLIAM WILSON HAREM — PUBL1 EVERY THURSDAY BY THE CHRONICLE PUBU8HINO COMPANY ( M’nmxm ' 7 — Today - Friday - Saturday ttAwssw —mo— ■wsosss StSIt •:*» 7:S»; *:1» SAT: VMi Sslij 141; 701; »;10 ■eisaasM CONING: -Who Hm Boy* Nt* Tto Orta" Mml-Tm.-W.S. Dm. *-7-8 “BBT BUFFS a BABBS’*' 1:1*1 li»s TdS; SOS ^BC*K)R 'The GiftThat Keeps on Giving' LOW PRICED LOWBOY Th. BOSWOPTH CG-2T »* tub. (OMr.ll Sins.) nt •*. In. ptetum RCA VlCTCI Afw tfsta TV # RCA Solid Copper Circuits # Tinted RCA Pan-O-Ply picture tube a 22,900-volt (design average) New Vista chassis # New Vista VHP, Solid State UHF tuners e Rich “Golden Throat” sound Aa Low As $7.00 Week Morn feoplp Own *CA VICTOR Than Amy Otter Thor Worn.. J ■tea ate Whit* •» Cater Th. SPONTSMAM Strict AG-065 1** tub* (ownrnll dine) 172 ig. in. picturn RCA VICTOR SPORTABOUT TV * SuparPowerGridVHFTuner • Dupnndsblt RCA Solid Cop per Circuits Aa Low Aa 540 Wart See and Hear tiie latest in BCAViotor TV, Stereo, Badios and Tape Recorders ...ajto norr bibs these badio valubs “NCIEnr 8ZE...K SMB • 8-transistor AM station-pull ing power • Solid State design for instant “w*rm-up" e Earphone for private listening e Built-in ferrite rod antenna • Rugged plastic case a includes 9vott battery, carry ing cast Only $1 Week ^ “A our FAT FOR IT8BLF n BATT1R7 SAVlIOBt lofwHife, lowcost TP batter!— OF rONMllTr |NN to—R Ammm tone iron) Law Aa 4v 12 Week Stereo Record Value... WPf sweRew mo* or fwaiiin— •h—a—■—dng —alb—i ftv asM—r — — H^aUrflaMi —IfiiM—1——H ^ M tWmffi mqifmj IB IHININI m IMS MOST TMKTIO NM* M SUBTROMNS * t