The Clinton chronicle. (Clinton, S.C.) 1901-current, December 02, 1965, Image 2
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.
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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
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Soria* f. SoM oa a tfitcoufit
bo.l. at $900, $2,500, $5,000,
woturu at $1,000. $5,000, $10,-
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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.
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