The Clinton chronicle. (Clinton, S.C.) 1901-current, September 01, 1966, Image 2
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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.”
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