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4 -1 THE CLINTON CHRONICLE Clinton, S. C., Thursday, September t, 196G A Nation Wrecker ‘ U. S. News & World Report, in a re cent issue, featured a story on what to e\pect if inflation heeomes the way of life in the U. S. It showed what happens when government fiscal policies in a country result in a permanent upward trend in price indices and the cost of living. | In brief, people lose interests in do- inyi a good job. Shoddy workemanship and unrealiability of the individual in- cnsases. Young people become indiffer ent, Thrift is unknown^ The chief vic tims of inflation are the elderly living ojj fixed incomes. Character erosion ac- cinpanies erosion of the value of money. 8. News k World Report cites many examples'in European countries, which |ve long accepted inflation as a way life. In Britain, “Repairmen and var ious service workers tend to act a^ if are doing the customer a favor b# accepting an order.'’ In Sweden, yeung people shun hard work and train ing — good pay is easy to come by. The U lited States it already far down the ip lationary road, to irresponsibifty. No wonder Russian revolutionary L min once «aid that to ruin a capitaHat seciety, am must destroy its money. Dictatorship is the alternative to capi- i»m and freedom. It s difficult to be lieve that the American people wish to crlfice these on the alter of inflation. L ’ —v •* American to defile and sneer at his country’s flag at the very moment an other Amercian is dying to defend it.’’ THE AMERICAN WAY 3 L'UfUlK pi^se. flft i lore Than Question of Jealousy i When President Johnson signed a a short time ago, authorizing con st uction of a third powerhouse at Grand C4 ulee Dam on the Columbia River; he n<)ted that there is '‘mounting evidence tl st the jealousies and antagonisms w lich once stood between public and pe vate power” are disappearing. It w< uld be pleasant to be able bo agree wth the President wholeheartedly and without reservations. But, by their vc ry nature tax-exempted and tax-sub- si* ized government business enterprises al' vays have been and always will be in eofifliet with tax-paying private^ eriter- They will Continue to be In con- untii competing government com- m ircial enterprises are requlrbd* to op- er ite by the same rules as rwm-govem- m nt enterprises, By way of illustration, the president of the Edison Electric Institute points out that. “It is unfair for the users of publicly-owned electric power—about 20 cent of the nation’s electric consum ers—to escape the tax burden that cus tomers of investor-owned utilities are ring.” He went, on to say, “The el^nination of this unfair tax exemption aijjd other government power subsidies co^ild reduce the genial public’s taxes over gi million r day. In addition, during the next 20 ^oars, the federal ?et could be reduced by g50 billion juft by keeping our own federal goverh- Int out of the electric power business an & by letting the tax-pdying utilities handle all needed .expansion. It is mate than, a question of jeal- o» »y. Government in business is ir- re icncilable with private enterprise, just as capitalism and communism are irre- co icHaWe. One. is based on the supe ri rity of the indlividual and the other or the superiority of the state. It New Bern, N. Sun-Journal: “Did ever think you'd see the day when American flag would have to be pro- from Americans? . . . Well, the is here. How do you like it? ... is tragit and outrageous for one Babson’* Point of View On Inflation . By ROGER W. BABSON Babson Park, Mass., September 1—Every body is talking about inflat oi again. What lo we mean by inflation? To some econo mists the word suggests too much money chasing too few goods. To other economists it stands for strong unions pushing wages up and up. Still others think of inflation as a demand for goods that keeps pulling prices higher. But for this discussion, let us use the every-day meaning, simply climbing prices. WHO IS TO BLAME? Right now the press is full of reports blaming this group and that for the strong upshoot in prices that has occurred this year. If you are a Republican, you are likely to say that the Democratic Administration is to blame That free-swinging spending when a war is going on is creating too much buy ing power. The fact here is: Much of our production is now being "shot away" in Vietnam; it is not the type of production that ean be consumed by our citiscns; but money is being put in circulation, adding to‘ buying power. If you are a Democrat, you are likely to think of the moguls of industry pushing their price tags higher to take advantage of the brisk demand throughout our economy to day. If vou are a strong union man. you tend toward blaming the whole sorry bust nes* on the pricing pojver of big business. But the average man in the street is likely to feel, as President Roosevelt once did “A plague on both your house*!” CAUGHT IN THE MIDDLE Surely, the man in the itreet is caught in the middle, whether he is a union member, or a Wall Street broker At the beginning of a price upturn, advances are often slow and scattered But. as momentum is gained, the upsweep becomes steep and broad. And all the furor over inflation at this mid-summer can probably be traced to the fact that peo ple are now realizing that prices are begin ning to bound upward Ask any wife as she returns from shopping. The natural reaction is to try to offset the falling purchasing power of the family pay- check by seeking a raise. Now, of course, not everyone is going to be able to get high er wages. Even those who do get fatter pay envelopes soon find out that their gains are eaten into—even wiped out—by the well- known ability of a rising price wave to swell more rapidly than wages and salaries can be boosted. Point is: Once the inflation of priees hits its stride we are all in the same boat; no way has yet been invented to "beat the game,” ALL MUST COOPERATE All right then, what can be done to re move the peril of an inflation blow-off and bust? For as night follows day, inflation has always ended in deflation. And that can be very unpleasant for everyone. No one group can solve the problem . . . not government, not labor, not business. But, if each of these would stop trying to fatten its share and work together, economic catastrophe would be warded off. Government should remind itself that it’s war-time, therefore not a moment for push ing the money supply higher than necessary by all sorts of spending schemes. Better to lose an election than the country. Business should avoid price jumps as it should the plague, realizing that some fall in profits would be preferable to a later wave of bank ruptcies. Labor should tell its members that every wage boost is another nail in the cof fin being prepared for the longest boom in our history. Yes, and the bankers should ask themselves if it would be better not to make that loan ... at this time. SOME SACRIFICE, OR ELSE v It is said that it is already too late. That my shutting down of the money faucets, or any cutting back by the big groups in the economy, would surely lead to depression To a degree we agree with this thinking. Rut we shudder at what could happen if the tpHnUon spree is allowed to mount higher and higher from its already lofty level. The bigger the action, the more powerful is likely to be the reaction. To us it seems far wiser to risk some sacrifices now than to run the extreme danger or severe economic breakdown later. What frightens us is the tendency for key groups to simply wait and see. When the avalanche is visbile, it is al ready too late. Youth Wants to Know , By RANDY GRIFFITH 1k0ld1u A The Sneak Thief Stories 1 Behind Words Ry William S. Penfieid Cheat Under English feudal’laws, land reverted to the lord of the fee if the tenant was convicted of a serious crime, or if his heirs were incapable of inheriting it under the terms of the grant. The name of this system was “escheat,” which was derived from Old French “eschoir,” to fall back. Many persons, especially those who were “es cheated,” considered 1 the system unfair.“ Es cheat,” therefore, acquired the connotation of fraud or trickery. ' Through slurred pronunciation, “escheat” shortened to “cheat.” FARMS and FOLKS A By L. C. HAMILTON Qfinson University Extension Information Specialist .Okra, the popular Southern vegetable, is a a low ebb of production in South Carolina despite its increasing popular ity as a frozen vegetable. Thomas Garrett, Clemson extension horticulturist, says that the last estimate of com- mercii.’! production, made in 1969, listed less than 900 acres for the entire state. The supply of fresh okra that we have, apparently, has been maintained by home gardeners and a few garden ers who continue to grow it. But processed okra, espec ially the frozen form, has in creased by leaps and bounds. Last year 30 million pounds of okra was processed in this manner, up from practically nothing a few years ago. While the development of frozen okra was taking place, there was a gradual increase in demand in canned okra. According to the latest fig ures we’re able to obtain, about a million cases of okra and tomatoes and okra are canned yearly. A food processing plant nt Montezuma, Ga., several years ago began to specialize in producing products from Southern vegetables—notably, Southern peas, leafy greens, ‘‘But Mom, Tjn not a ba- f* 4 > by!” How often have you said those words? As teenager your goal is to become a so cially mature adult. But you don't of a. pudden, over' night, become mature when you reach a certain age. It is a long and somatlmes slow process which you are in the midst of right now. And it is important to remember that it takes most people longer to reach social maturity than to reach physical or mental ma turity. One of the most important indications that you are be- coming mature is your ability to be independent of others. When you were a baby, your parents did everything for yoq. Gradually you bgan to feed yourself, to tie your shoe laces, to comb your hair. This step-by-step process is still going on. Each year you be come more independent. But becoming independent is a chore for many teenag ers. Your parents should en courage this independence and make it easier for you. Yet some parents, unfortun- ate.y, insist on doing every thing for their children. These parents make it more diffi cult for their children to grow and the like, This plant has enjoyed a sensational success and has added measurably to the volume of Southern pro cessed vegetables. Just prior to the current growing season, acceding to Garrett, the Georgia firm sent representatives into South Carolina looking for farmers who would be willing to grow okra on a contract basis. They had only limited success, so little success, in fact, that Garrett now estimates that South Carolina’s total acreage of commercial okra is less than 500 acres. Perhaps the plan was never sufficier?y publicized, or per haps the Georgia folks never found the right community But oil the fact of it, the offer would seem to be attractive to some communities in this state. The company is now buying okra at $100 a ton. Garrett says average okra yields in this state range from one to three tons an acre, but that yields have gone as high as eight tons per acre. One of the roadblocks to ex panding okra processing ap parently hinges on produc tion. And if you look at the matter closer, it seems that you can't get sufficient pro duction because farmers have real or imagined fears that they will have difficulty in getting the crop picker. Okra still has to be picked by hand. And if you’ve ever picked the pods you know that, by comparison, cotton picking is a sheer pleasure. Besides, the availability of workers is not what it used to be. Agricultural engineers at Clemson are studying ways to mechanize the harvesting, but that gives no immediate re lief. up. Is this the case wth you? If the answer is “yes,” I’m sure that if you will earn the right to act on your own, your par- , Seldom is a man color blind ents will grant you a license where the long green is con- of independence. cerned.” SEI US NOW FOR ... NW/y bach:-xo-SCHOOL pm-RlNOWS PROM rca Victor RCA VICTOR . . . A-OK ALL THt WAY! From th« classy portables, and sharp transistors, to the twing ing "swingline" (New for '67) every thing is A-OK for the Go-Go Bock to School Set. Over the years, hard to please people have learned that RCA VICTOR means top quality, extra dependability, and honest value. So be choosy . . . Compare RCA VICTOR by any yardstick you like. It's the best way we know of to satisfy yourself that RCA VICTOR is truly the choice of many people year offer year. The NIGHTFALL RHD13 Series RCA VICTOR CLOCK RADIO • Quiet, dependable electric dock : 5" oval speaker Bqilt-in loop ant< The MOPPET RHM19 Series RCA VICTOR FM-AM TRANSISTOR RADIO • Rugged plastic cose with i wrist strop r\r\ • Precision slid^ J>Z.UU ' rule vernier tuning • Built-in FM an AM antennas wkiy. The GALAHAD RGH21 Series RCA VICTOR 8 TRANSIStOR RADIO Operates on two low-cost "D" batteries Precision vernier tuning for easy station selection "Golden Throat" tone from big 3 Vi" speaker $1.00 wkly. The RUMPUS VHPZ1 Series RCA VICTOR SOLID STATE PORTABLE • Solid State STEREO stereo amplifier * * • Two 5" oval high-efficiency speakers • Studiomatle 4-speed changer, true-trock tone arm, universal stylus • Separate volume control for each speaker $5995 - The MAGICIAN VHP30 Series RCA VICTOR # *SWINGLINE <, PORTABLE • New "Swinpline" metal ant plastic cabinet , • Solid State stereo empllfiw • Two 4" speakers • Tilt-down studiomatle n f\l\ changer qO.UU “■ Separate volume controls for speaker wkly. )lHE MOST TRUSTED NAME HI RLKCTRONIOB COX Home & Auto Supply “Customer Satisfaction Guaranteed” 203-205 North Broad Street — Phone 833-0730 Your I Program Today-Friday-Saturday, Sept. 1-3 CUNTGN, 8. C., THURSDAY, SEPTEMBER 1, 1966 Styr (CUntott (Eljnmirlp ISTHISTHE GIRL NEXT DOOR? M-G-Mpbesents A MARTIN MEICHER- EVERETT FREEMAN PRODUCTION DAYUY10RG0DREY PANAVISION METR0C0L0R * Established MM My A MM em WILLIAM WILSON HARRIS - Jane IS, 1955 PUBLISHED EVERY THURSDAY BY THE CHRONICLE PUBUSHING COMPANY 1 {Subscription Rate (Payable In Advance) Out-ef-County One Year, $4 00; Sis Months, $2-50 One Year, $9.00 Stows: 3, 5, 7, 9 P. M. Saturday: Starts 1:0© Monday-Wednesday, Sept 5-7 “Fascinating... remarkable KsueCARUFOREMAN p*** Second ctaae POSTMASTER: Read Perm «6M interest •of.be Paid at CHaton, S. C.' to Clinton Chronicle, Clinton, 3- C. 29828 ef its subscribers and readers—the publisher “ ins and Madly advice. The Chronicle will they are not ef a defamatory nature. Anony- TWs paper is not responsible for the views omission or error occurring in , be mad* in the sext issue when be assumed when merchandise is . Me ^^SAMJAFFE^Pm HADIN' Nwaor ca jHBuqus 1 . , Association, Rational Editorial Association Representative: r Hew York, Chicago, Detroit, Philadelphia With Virginia McNemma and Bill Trauera Feature*: 3:25, 5:20, 7:15, 9:10 'Bkftfed on international bast seller, by Joy Adamson Notoi—Beginning Monday, September 5, our programs will start Monday^Friday at 3tl5. This is due to High School not gottfaif oat until 2:55 p. m. Saturday, we will start at 11©0 p. m. ' L Whnnitcemnt to monny—comn ' an<f snnu5.W« have an assortment, of services that win help you anil your Boelcatboolr. We cordially Invite you to come In and open your Account -I M. S. Bailey & Son, Bankers ■ f ' Established 1888 Member FDIC Clinton, S. C ' Interest Paid On One Year Savings Certificates'* Mm h > ■a.-lT’-’a- 1 ." MJ. IMMl-l.T .