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• >.<*» mm *«•*;» i THE CLINTON CHRONICLE 1 By SPECTATOR . . . COMMENTS ON MEN AND THINGS C h flipper R0«m O THE UPPIR BOOM NASHVILLE TENNESSEE HE WORLD'S MOST WIDEIY USED DEVOTIONAL GUIDE Read Psalm 119:97-106; Luke 8:4-15 Continue thou in the things which thou hast learn ed and hast been assured of, knowing of whom thou hast learned them. (II Timothy 3:14) When our famliy came to America early in this century, ather brought with him a portion oi a Bible. The flyleaf ? vea!s that it was printed in London by Robert Barker, |rinter to the king, in the year 1612. Over the years, we children have regarded the old book precious, an object of great interest, bridging as it does lore than three hundred and fifty years of history. But beyond its historical value, the Holy Scriptures are |riceless in a deeper sense. Early in life Bible precepts were aught to us as we gathered at the family altar. In later [ears, they have been our unfailing guide. What the compass is to the navigator on his path across ic oceans, the Bible is to us on the journey of life in- leed, all this and more. Followed, the Bible will lead us to Iternal life with God. PRAYER Our heaveny Father, we thank Thee for the Holy Scriptures which have been preserved for us across the chnturles. May Thy Word indeed he for me as “a lamp unto my feet, and a light unto my path.” In Jesus’- name. Amen, THOUGHT FOR THE DAY The Bible has more than historical value; it is God’s JVord, our unfailing guide. Arthur II. Mitchell, property manager (Michigan) WOULD YOU LIKE YOUR HAIR Bleached? Frosted? Dyed? Why spend all day at the Beauty Salon with the old fashioned method. Try our time-saving ma- chne and save one-half the time. \ — SPECIAL INTRODUCTORY OFFER — Bleach .. 10.00 • Frosted 10.00 MOLLY’S BEAUTY SALON .‘100 Caldwell St. : 833-1418—833-3131 Ah! The real thing PET BUTTERMILK has the old-time flavor of real buttermilk. Zingy! Deli cious! The real thing! Buttermilk from PET, YOU BET! USE CHRONICLE WANT ADS Is there a place fbr a kick er? What is a kicker? He is one who sometimes expresses his disagreement he may be a kicker in the home; or in the office; or in the street. Sometimes a kicker is very useful; sometimes — in Con gress, for example — he is worth his weight in gold. Kickers, you know, made this nation; they rebetled against the tea tax — and such small things as that. Suppose the kicker is basing his attitude on the Constitu tion, or Uie long-established usage or custom. I am not at this moment a kicker, but I rise to a point of order, let us say. Can the President fix wages and prices? Is there any law, valid, constitutional law which authorizes or empowers the President to set or fix prices? We have recently read that the President is displeased because of the increase in the price of steel. . One President so terrified the steel mills a few years ago that they reduced prices. Well has the President the lawful prerogative to fix prices? Has he any atrthority to fix wages? We hear quite a bit about the guide-line set by the Pres ident, but what lawful right has he to fix wages or prices? The President eventually bows to the wage feeders but does not usually yield to the wage-earners. What is the dif ference? It might be suspected that the difference is political, that is that a million men who are wage earners will show their resentment at the polls. But the million stock-holders, the real owners of our enter prises are not as well and militancy organized as are the workers. When you brush all the bom bast to one side you will find that the main concern is votes — all politics. We may not understand the military phases of the so-call ed war in Vietnam. Three hun dred thousand American sold iers atong with hundreds of planes and the greatest navy in the world — where are we? You don’t fully grasp ail this, do you? Well, I don’t. ' Another thing: we and oth er nations are all agog for fear that we may have to re value our money. Weil, thal: is serious. Even the possibil ity is serious. When I left Pord I lost enough to buy several cars because the Peruvian money fell in value. We could wipe out the sev eral billions we give every year. That would be quite an appreciable help. Of Course some other nations would pro test. But our great probU-nt should be to save America. We need not sink with Britain; we ought to save America. If we save America that would help save the world. But if America deflates her money all the world will suffer. Some bankers and some pol iticians talk about the finan cial solvency as though it were such an abtruse prob lem that no one but a genius of finance can evert a cala mity. No special genius is re quired: if we eliminate from our national budget about twenty live billion dollars we can measurably save our Am erican finances. We cannot throw money away in every direction and have our na tional treasury in wholesome condition. If we carry out much of our national program we shali be playing ducks and drakes with the welfare of our own country. That our condition is not wh<?,esome is easily seen. We are playing Santa Claus to much of the world and at grave'dangcr to our condition. We are like a fond old grand pa who distributes all his in come and much of his capital so that all his sol.s, grand sons, daughters, cousins and in-laws shaB have new cars every year and expensive va cations in sumptuous hotels. When the old gentleman pre pares to meet Saint Peter the Federal Government will have to pay the hospital, the phy sicians, the undertaker — and all the little bills here, there and elsewhere. Instead of fostering our re sources with full recognition of the ‘‘Rainy Day”, we rush gladly into Iree spending and unbridled indulgence. We are like the man who earns five thousand dollars a year amd spends ten thousand. Unfortunately the have-nots greatly outnumber the haves and gladly advocate any mea sure that seems to make them feel prosperous. ‘‘After ns the deluge” said old King Louis of France. Yea, verily, we are taxing the next gener ation with bonds and taxes, in stead of frugally measuring our dreams by means. Duncan Creek Watershed Area Being Improved Work continues on the Duncan Creek watershed as 20 7acres o eforded land were planted to pines during the past year. Seventy-seven acres of gul lies were stabilized by build ing brush dams and planting grass in them, said Forester Robert Beach of the South Carolina State Commission of Forestry,. Newberry District. To date more than 700 acres of pines have been planted on the watershed area. Numerous other prac tices have been carried . out to improve the water-holding capacity of the land. More than 280 acres of badly erbd. ed and gullied land have been stabilized. by brush dam work and tree planting since the watershed work was begun in 1962. Under an agreement with the Laurens District of the Soil Conservation Service, the South Carolina State Commission of Forestry has the responsbility of estab lishing pine stands on the badly eroded areas of the watershed. My Niighbors mmmrrnmm ChtBibU In him we live, and move, and have onr being. —(Acts': 17:28). We live in a good climate, a God climate. God or good is all around us. We see only good, because we are surrounded by it. Since our climate is God. we have only peaceful happy feelings. No longer do w& let other people or situa tions upset us. Because we live in good, we are not anx-‘ ious God is our all. ■ "Wow—pralty slick roost they've built just fe* us, huhr CLINTON'S RED DEVIL NOTE BOOKS NOW IN STOCKI • VIRGIN VINYL COVERS f 3 '*. j ; . . , • 3-RING BINDERS > j * * < ' * ■ _*' • - f * . 4 \ • Chronicle P ‘ w Company THE MOST CRITICAL, do mestic issue facing the nation today is inflation. Although it Is classed as a domestic issue, the problem of inflation has a direct bearing upon our stature as the bulwark of freedom in the world. Therefore, inflation in the United States is, in a very real sense, a problem of international magnitude to the community of free nations of the world, affecting, as it does, our ability to pick Up the gauntlet of freedom wherever it mav be thrown down. THE CLASSIC DEFINITION of inflation is a disprooortion- ate, sharp and sudden increase In the quantity of money or credit, or both, relative to the goods and services available for purchase. TMs condition un- ouestionablv exists today, but the definition only partially tells the story of the stresses now on the economy because It was framed during a time of less government involvement and control over the economy. The Inflation now being experi enced In our country has an even more widespread effect upon the economy and upon the average individual than is gen- ernllv realized. THE COST OF GOODS and services Is constantly Increaa- fng, resulting in an equally constant decline in the value, or real purchasing power, of the dollar. Although everyone feels the pinch, those who have the most to lose and who are hurt the most by Inflation are those living on fixed Incomes, as^btfrees under Social it^Jnd other annuitants, whose thills are not now In the market olace. ANOTHER COMPLICATING factor existing today Is that while the value of the dollar is constantly on the decline as a result of Inflation, the cost of the dollar, or interest rates. Is increasing sharply. Recently the government announced that It will pay 514 % on long-term bonds, the highest rate offend In 45 years, or since 1921. Not even during the great depres sion did Interest rates paid on. US. Government securities soar so high. Other government ohffgaffons. which do not carry the PWT Faith and Credit of . the U5.. such as sales partld- potion certificates, carry an even higher rat* of Interest. A LEADING FINANCIAL -hJunmr'rdeerttty reported, that interest rates on municipal bonde, the main source of fi nancing for major capital tm. A WELCOMED WAR provements, has risen to a 32- year high. Additionally, just within the last week several major banks have raised their prime interest rates to a whop ping fi percent, and there is ever;' Indication that other banks will tollow suit. THUS. WE ARE CAUGHT In the anomalous situation of having to pay more to borrow money when the demand for money and goods la greatest and the value of money the least. Under normal condi tions. higher interest rates would mean a curtailment In the supply of money with a resulting beneficial effect upon the Inflationary spiral. How ever, this has not occurred, and the American people, who are forced to carry fhe burden of both Inflation and high Interest rates, are entitled to ask, why? THE CHIEF CULPRIT Is the government’s fiscal, or money spending, policies. Total public and private debt in the United States today amounts to an estimated SI.4 trillion. While private debt does admit tedly add to the inflationary trend. Its impact Is not nearly as severe as government spend ing because it Is usually backed by a mortgage on property which can be claimed In the event of a default. On the other hand. In the event the government defaulted on its obligations, no one would sup port a foreclosure on the Capi tol, the White House, or the local post office building. The government has followed a pol icy in recent years of know ingly encouraging inflation and planning unbalanced budgets and deficit spending. At the same time, government borrow ing to finance high-flown ’’Great Society” programs are competing for funds on the open market, driving interest rates up, and cutting off the supply of money in such critical areas as the home building in dustry IT IS PAST TIME the Ad ministration declared war on inflation and high Interest rates by adopting a sound, responsi ble fiscal policy. The stability Of the dollar is essentia) to the security of not only the citizens of the U.S., but to all the peo ple of the free world. The war against totalitarianism can be lost just as easily on the eco nomic front as on the battle field. Located In Building Formerly Occupied By PlKly Wiggly YARD- REMANENT SHOP NOW GET TREMENDOUS SAVINGS ON YOUR SEWING NEEDS FOR BACK-TO-SCHOOL 36” and 42” Wide PLAIN and PRINTED SALE! 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