The Clinton chronicle. (Clinton, S.C.) 1901-current, February 16, 1967, Image 2
tr.
THE CLINTON CHRONICLE
W0
ickets? When Red China sets off an
atom bomb, or Soviet minions in the
Middle East overrun a country, the
pickets don’t appear.
v
If all the energy that is being di
rected, at reforming other people could
be seif-directed, ^hat a race we would
have on this earth!
Use Heart Drive
The American Hea| , t Association is
currently seeking more than ^11,000,000
in donations at its lfg7 objective^ Red
heart-shaped coin coRpetara appear hi the
stores in many states daring the month
of February and the fund-failing cam
paign will be carried on in every section
of thd country.
' i; Although it is trdb Hi# win* soft
of drive seems to be getting underway point of View On
every few weeks, during thin, time of the -. ""’T-r-VEri TYxiTi!* L ■
year, it should not be necessary to point
out that heart and circulatory diseases
cause over fifty-fonr per cent .of all
deaths in the United States.
It also should he pointed out that
there is considerable hope in this field
and considerable progress has been ach
ieved recently. There are new methods
to control high blood pressure, to safe
guard against rheumatic fever, to pre
vent repeat heart attacks and other heart
conditions. Support of the Heart Pond
contributed to the evolution of heart and
blood vessel surgery, which is a great
step forward in America’s number one
health problem.
Meanwhile, the death rate from
heart diseases continues to be an appall
ing one.
r
THE AMERICAN WAY
r
Youth Wonts to Know
«ANi»t Gwrrrra
Clinton, S. C, Thursday, February 16,1967
— ~
CKamfeer Group
To MuutTuwtoy
The ftwrt <d *
the Chandwr <g OwgBwe
—
Riling Stock Prices
Babson Parki^dass., February 16—Last
year was a nightmare fur most owners of
stock- After an Initial spurt in the opening
weeks of 1966, stock prices topped off and
alternately sagged and plunged downward.
Even the traditional “year-end* 1 rally failed
to show up between Christmas and New
Year’s. Deep indeed was the gloom as 1967
began.
Th. IM r*Jr^rSJT ytS *»** ,l'*hrwy
luck « ,p««ch wd *m«nn»r» i than *J, # jVO y. P. ht V, Hotel
tie* about
y*t is koW you tu
look. This hscomcm
BEVOPJE
CMOM
t>!6 BOlOM'
Poison Gas
Yemen is a small country in the
Midde East. It has a population of some
5 million, and is rich in oil, pipelines,
western capital - and a strategic location.
And, it is a member of the United Na
tions. i
Historically, Yemen has been ruled
by an hereditary monarchy, pro-Western
and anti-Communist. In 1962, Dictator
Nasser decided that he wanted a friendly
“socialist” government in Yemen and
sent in 55,000 troops to topple the anti-
Communist regime. It is said that he is
spending $750,000 a day on the military
campaign, which the Soviets have under
written with almost $3 billion worth of
military equipment over the past six
years; jet bombers and fighters, sub
marines and destroyers.
On January 5, 1967, Egyptians us
ing Soviet-built planes bombed Ketaf, a
Yemen village, with poison gas, killing a
quarter of the residents. An American
reporter on the scene wrote: “In Ketaf
. .. the stench of death seeped from
scores of hastily-dug graves where terri
fied survivors buried victims of the gas
attack before fleeing.”
HULLS TARE COMMAND
But hardly bad the President delivered bis
State-of-the-Union Message before the bulls
tossed the bears almost out of the ball park.
Then they went on a rampage such as has
been seen only a few times in stock market
history. In the short space of a few weeks,
Investor attitude pivoted from despair to
confidence. Those who could not get out of
common stocks fast enough in late 1966 were
falling over themselves in January, 1967,
scrambling to get back in.
In October of last year, the well-known
Dow Industrial Average fell decisively
through the 750 level. At year’s and it still
was floundering in the 780’s. By the end of
January it was bumping hard against 850
... a jump of more than 100 points from the
October low, or 14%. And since then, the
bulls have gained even more yardage.
WHO KILLED COCK ROBIN?
Financial writers and analysts are still
“reviewing the bidding” as to why stocks
took such a tumble last year. After all, 1966
was a new all-time “first” for business vol
ume, production, and profits. Inflation was
gaining ground at the most rapid rate since
the Korean War. And, after all, weren’t
stocks supposed to go up and “protect” their
owners against the inroads of soaring prices?
Some said the stock lump of 1968 was
warning of a business recession to come.
Others felt that speculation for the rise had
just gone too far and was bringing on its own
corrective reaction. Now, however, through
judicious use of hindsights, the concensus
seems to be that extreme tightness in money
and credit amost choked the bulls to death.
With the best-quality bonds in the world
selling to yield over 6%, who would take a
chance on “high flyers’* yielding 2% or less?
Many could not get loans to buy stocks, and
many did not want to pay 6% or 7% to carry
issues yielding little or nothing.
BREAKING THE LOG JAM
As the scarcity of credit reached cpsis_
proportions in the late summer, the money
managers moved aggressively to break the
credit log jam. By late autumn it was evi
dent that the worst was over. Bonds began
concern tor mm p**p|e that right p»w
they overtook «to ***4
immortal* tkt&ff ft taut ttam-
srivoo: how ifafimik
Thh war jm thlk hi ww
imporiapt. |« yow fhtoi wW-
qy.
fuU Bowhdtm neat to as info
portant as tooktog htott
English may or may not
be your favorite subject in
school. But whrit tt comas to
using correct speech, you of
ten wish you could have a bet
ter command of the language.
Often slang isn’t in good taste.
And incorrect grammar is
never acceptable.
To know the right phrases
and right words in the right
circumstances is an asset. It
takes years to discover the
exact words to use in every
Hm Mwmw- ?
fmwm ©taker
stotos thto m mm <# f»e
m to WTO from
tot? to toft mmmd
atto too CMWRtotoO Wto Bre
st# % slate of officers tor the
act year*
library ttoord
toprwirtcitiro T«
Meet With Students :
Miss Betty E. Callaham, di
rector of Held services of the-
South Carolina State Library
Board, will be at Presbyteri
an College on Monday, Feb.-
20, to meet with student
groups and with individual
students considering careens
as librarians. The hours wHl
be from 2 to 4 p.m. in the
library.
AFTER
Baptist Brotherhood
... When You're Willing to Do-It-Yourself I
Stories
, V
Behind
Words
By
William S. Penfield
instance.’ Make it a point to
learn people’s hltfnes too. |t’s CoODCr Graduates
always better to be able to * 11 c r
say, “I|ey, Fred!'» than “Hey, Ifi LOW Or U. J. V*.
you,” when trying to attract Jackie Cooper received his To Meet Tonight
someone’s attention. Juris Doctor degree on Jan. The First Baptist Church
Forming a habit of polite- 28 from the School of Law, Brotherhood will m«et tonight
ness will help you to feel con- university of South Carolina. (Thursday, Feb. 16) at 7:30
fident of' yourself. For in- He wiU enter the Air Force o’clock at the church. The
stance it s always correct for 0fficer Training School at Rev. Parks McKittrick will
a young lady to say after a Lackland Air Base,* San An- be the visiting speaker pnd a
date, I had a great time with tonio Texas and has been good attendance on the part of
assigned' to the special inves- the men is expected,
tigations field. Tickets for the supper may
He is the son of Mr. and be secufed from Hadley
Mrs. Tom B. Cooper of Clin- Barnes, Ike McCarley, <}r
ton. Morris Seymour.
*
you this evening
young man needs to answer is,
“thank you.” or “I had a good
time, too.”
If you are slack in this
Mess
The word “mess”—an untidy or disorderly
state—originally referred to food. It comes
from the Latin “missus”—a course at a meal—
. •
from “mittere,” to put (on the table).
“Missus” became “mes” in old French and
“mess” in English. In England, the word was
used to refer to food in general, and then to a
mixture of food, particularly scraps fed to ani
mals.
led to
This mixture or hodgepodge of food
the use of “mess” to denote a stale of untidiness.
The word’s early meaning is preserved in
“mess hall,” a place where a company of men
eat.
FARMS and FOLKS
By L. C. HAMILTON
Clemson University Extension Information Specialist
A Red Cross investigator at the to ^ rm an< i stocks moved up from their Oe-
scene told a UPI reporter that, “we are
convinced like you that it was poison
gas), but we cannot become involved in
politics.”
In England, Prime Minister Wilson
told the House of Commons that he had
evidence strongly suggesting that poison
gas had been used in Yemen by Nasser’s
troops.
Believe it or not, the U. S. State
Department extended diplomatic recogni
tion to the Nasser occupation govern
ment just three weeks after it entered
Yemen, and before it controlled any ma
jor city in the country, a decision which
undoubtedly pleased Nasser and the
Kremlin greatly. Now ponder the fact
that the U. S. State Department has
♦ober lows.
It took the President s State-of-the-Unipn 01* 3 farmer - employer is ex-
The burden of proof wheth- future records will help him
prove” that he was or was
eluded from the $1.00 per hour not under the act if, for in
minimum wage provisions of stance, the farmer is inves-
the new Labor law is upon the tigated two or three years
farmer himself. from now.
As the law is presently ex- Thomas D. Nolen, Clemson
plained, some farmers are Extension farm management
covered by the provisions and specialist, has conferred with
others are not. Department of Labor officials
In and borderline case and studied the labor law to
Message, however, to strike the spark of re
viving hope. Here was the implication that
the Administration would work hard to move
money costs down and to make credit more
plentiful. No longer would the government
rely on the bludgeon of tight money to curb
inflation and keep the economy from “over
heating.” It would seek the cooperation of
the money managers to keep business from
being starved by credit and capital short- . , f .„ s „
ages. As for its part, the Administrattoo where an investigation is start- h " d nppf ^
would make greater use of the tax power‘jis e( * t0 determine whether or not
a checkrein on climbing prices. a farme r Is in compliance With per e cor
^ , the new law, the chief par- He is sending to county
BEWARE EMOTION! ties to the investigation will agents in each county two
So enthusiastic has been the stock mafc.~ be the farm er and the inves- suggested forms that, w ire n
ket’s reception of the move to easier money , tigator from the Department properly completed, will pro-
that many are talking of the “birth” of Labor. vide valid evidence of the
great new bull market. Certajn it is that~ These investigators have farmer’s complete employ
nothing attracts securities buyers quite so 56611 given V6r y wide discre- ment record throughout the
readily as advancing quotations. Further* b° nar y Powers. Their decis- year. .
' For farmers who are on the
coming un-
the force and effect of law un- der the act and not coming
days of labor, excluding mem
bers of his own family, cer
tain hand-harvest laborers
customarily paid on a piece-
rate basis and who commute
daily from the permanent res
idence and who were employ
ed in agriculture less than 13
weeks last year, the new law
applies to him and he must
pay certain workers the min
imum wage of $1.00 an hour.
A man-day means any day
which an employee per
forms agricultural labor for
not less than one hour. Mem
bers of the employer’s im
mediate family and piece-rate
workers mentioned above are
not counted in computing total
man-days during the quarter.
If during the quarter in
which the most labor was
used the farmer employed less
than 500 man-days of labor,
he is presently exempt from
the $1.00 per hour provisions.
But Mr. Nolen cautions that,
in borderline cases especially,
the farmer may be called up
on at some future time to
show his records. Labor rec
ords should be on file with
the farmer for a period of
three years.
Good labor records will be
a necessity because the farm
er - employer may be called
upon to prove his “innocence”
at some future date.
Galling as it sounds, this is
the practice that has been fol
lowed by industrial employers
for many years. Now it’s the
farmer’s turn.
Your
Program
Starts Today - For 5 Days „
Thurs., Fri., Sat. and Mon,-Tues.
V\£tf P! '"in q
\ UWRSAL
9 presents _ ^
COStA*«#«G
LESUC JOAN JEANETTE
ARTHUR
UNIVERSAL PICT
&
3:15, 5, 7, and 9 p. m.
Starts Wednesday - February 22nd
FOR CLINTON — A DISTINGUISHED EVENT
(,l OKI I SI I \ I \S
I I !l
CiRI Ail SI
SIOKY
I AIR 0
IOI I)
ULTRA PWAVISIOn IECHN!i;ClOF
• UNHID ARTIST';
EXCLUSIVE
LIMITED ENGAGEMENT
Four Days Only
2 Shows 3:15 and 7:15
Feb. 22-23 and 24
Regular Admission
■*
™ j u j. ’ more - 11 ‘s reasoned, if tight money caused lons ’ although a kind of “ad- For farmers who an
taken no action indeed, has not even the big drop last year, why won’t easy money mimstrative law,” will have borderline between cor
' protested the use of poison gas by the provide the fuel for a sustained rise? the forcc an d effect of law un- der the act and r
cooler heads warn that it is hardly t* 1 an d unless the farmer takes under it, last year’s
1 to expect a really..Jizable and sus- his case to court. ords are also impt
Egyptians. No sanctions against Egypt
have been mentioned by the UN. Rhodes
ia, yes. The United Arab Republic, no.
Is the United Nations selectively color
blind ?
Why has the State Department
been so strangely silent? Why has the
press generally ignored the use of poison
gas in Yemen? Where are the protestors
and petition signers? Where are the
But
sensible
tained bull market before the late unlament
ed bear market has been given a decent
burial. Certainly money is easier; still it is
s labor rec-
important.
These broad powers were And for farmers who are
given to the Department of expanding (hiring more work-
Labor by the Fair Labor ers), the records may be im-
neither plentiful nor cheap. The explosive Standards Act as amended in portant in proving exactly
turn around from fear to hope smacks more
of a swing based on a shift in emotions than
on a change in fundamentals. Patience,
surely, is the best attitude to adopt toward
emotional outbursts in the stock market . . .
whether of the 1966 bear variety, or of the
1967 bull breed .
CLINTON, S v ,a, THURSDAY, FEBRUARY 16, 1967
1966. - when the employer came un-
For these reasons, such der the provisions,
things as time books or other Presently, farmers are us-
records of the farmer’s em- ing the 500 man-days formu-
ployees are of greater import- la for determining whether
ance than in the past. they must immediately begin
Last year’s records are paying the new minimum
needed to help the termer wage.
“prove” that he does or does If a farmer during any quar-
not come under the act. And ter of 1966 hired 500 man-
Oty* (Elintmt (PfnmtrD .
July 4, 1889 — WILLIAM WILSON HARRIS — June 13, 19*5
Established 1900
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