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PAGE TWO THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA THURSDAY, FEBRUARY 11, 1965 1218 College St., Newberry, S. C. 29108 PUBLISHED EVERY THURSDAY O. F. Arinfield, Jr., Owner Second-Class Postage Paid at Newberry, Soutii Carolina. SUBSCRIPTION RATES: $2.00 per year in ad vance :Six Months $1.25. THE “SPECTATOR’S” COLUMN How many chemists and other men of science has the government employed in the various branches of the AEC? I have just read in The Journal of Commerce that 1000 em ployees have been released from the one plant at Oak Ridge. If they have released 1000, how many have they retained? Upon reading of the thousands and thousands of men and the hundreds of millions of dollars being spent in this so- called atomic research I think Edison would turn over in his grave. You remember the story of the Trojan Horse. How the invading army built an immense wooden horse and left it outside the walls. The defenders, with great curiosity, not knowing what was in the horse, carried it inside the gates; and then the soldiers in the big horse came out. So I am talking about the Trojan Horse here: “According to legend, the Trojans were strong, brave warriors. Curiosity and gullibility led them to accept the gift of a wooden horse, and bring it within the gates of their walled city. Greek soldiers hidden within the horse sneaked out at night to open the gates to their conquering legions. Today, strong as we are, we accept the Trojan Horse of ‘federal benefits/ States rally vo the cause of ‘matching funds* for highways, schools and urban redevelopment. Bus inessmen press for huge federal expenditures, with no thought for their nation’s health, only the anticipation of financial gain for their own companies. There are two ways in which a nation pays for such insidious back doors to socialism . . . added taxation and inflation. Federal taxation already takes one dollar in three, and inflation is a proved killer of nations. Business and in dustry must take the lead on the road back to tax sanity and true Constitutional government. We can do it only if we accept responsibility for showing Americans how and SENATOR STRO HURMOND Reports PEOPLE Dollar Difficulties—Part II THfe RECENT INCREASE in demand for gold, as evidenced both by the demands of France for gold redemption of U. S. short-term liabilities and by the surge in the world market price of gold to more than $35.19 per ounce at one point in January, has focused attention on and caused alarm at the decline of U. S. free gold to less than $2 billion while outstanding short term liabilities in the hands of foreigners exceed $26 billion. THE IMMEDIATE PROS- LEM was apparently caused more by political factors than by doubts as to the stability of the value of the dollar. Because Great Britain also has a sub stantial problem with balance of payments, the British pound has run into serious trouble. Actions by the new Labor Government in Britain since taking over have contributed further to the lack of confidence in the pound. The U. S. committed to Prime Minis ter Wilson on his recent trip to the U. S. to use the dollar to shore-up the pound. As a result, we have poured large sums of dollars into Britain in recent weeks. FRANCE would like to be the dominant power in Western Eu rope, and consequently to have the French franc become the pri mary currency in that area. This may have had much to do with the French demands for U. S. gold, which helped focus world attention on the meagerness of U. S. free gold stocks. SINCE WORLD WAR II, the dollar has reigned supreme as the soundest medium of ex change all over the world. This is a distinct advantage both to the U. S. Government and to U. S. citizens. Loss of preemi nence for the dollar would have serious political and economic consequences for the United States, because it would mean that the exchange rate of dol lars for other curriencies would be less favorable. THE EVENTS in January have prompted U. S. Treasury officials to deny emphatically that the dollar would be de valued. It has also prompted them, however, to speculate that the U. S. will shortly have to rvduce or repeal the requirement for maintenance of a 25% gold reserve for Federal Reserve de posit liabilities or for lv)t‘> Fed- '”"’1 Reserve deposits an' -.utes. RFPEA! or the re- s rve requirement for Federal R'S-rrve deposit liabilities but not for notes, would be nothing more than a deception. Federal Reserve notes and deposits are interchangeable; and therefore, the effect would be ultimately, or in times of stress, the same as reduction or repeal of the re quirement for both notes and de posits. ADMINISTRATION officials take the position that reduction or repeal of the gold reserve re quirement would not affect con fidence in the value of the dollar. In support of their contention, they point to the precedent in 1945 when the reserve require ment was reduced from 40% to 25%. The precedent, however, is not valid. IN 1945, our gold stocks far exceeded our short-term liabili ties. At that time, most of the nations of the world had cur rencies which were comparative ly very weak; and, indeed, no other currency even approached the soundness of the dollar. Im mediately following the record- shattering production by the U. S. in supplying war materials for all the free world, confidence in the dollar was at an all-time high. Today, however, the situa tion is different. Our gold stocks are meager compared to our short-term liabilities; our gov ernment is operating at a deficit even when our gross national product is reaching all-time highs; U. S. political commit ments require a continued heavy drain on credits; and other na tions ambitiously eye opportuni ties to increase the relative pres tige of their own currency. IN ADDITION, a repeal of the gold reserve requirement for Federal Reserve notes and de posits would amount to no more than a stop-gap measure, unless other steps are taken to cure the fundamental problem of our bal ance of payments deficits, and the consequent outflow of gold. Even now, our total stock of gold amounts to less thar 60% of our short-term liabilities in the hands of foreign govern ments, which are callable in gold. An even more dire possi bility is that an obvious stop gap measure taken under pres sure. such as repeal of the re serve requirement, could so sap confidence in the value of the dollar as to cause a “run” on U. S. gold by foreign creditors. NEXT WEEK I will discuss realistic measures to cope with this problem. Sincerely, why a system which suffers less government ‘aid’ produces greater progress.” We hear so much about our liberties I quote an editorial: “The following is a newspaper editorial w r ell worth the I serious consideration of every American: 1791-1965: That is the span of our liberties. This year is the one hundred and seventy fourth anniver sary of the historic Bill of Rights, which formally became part of the Constitution on December 15, 1791. We hear a great deal about the ‘Bill of Rights’, but what exactly is this bill? And what does it mean to you. The Bill of Rights is the first ten amendments to our Constitution. They prohibit Congress from gagging your right to freely express yourself on any subject. They prohibit Congress from abridging the freedom of ex pression of the newspaper you read. They prohibit Congress from preventing you to assemble peaceably for a redress of grievances. No soldier in time of peace or war can be quartered in your home arbitrarily—that is, without due process of law. No one can enter your house to seize your person or pa pers and effects without a warrant. To be held for a capital or other infamous crime you must be indicted by a grand jury; you cannot be tried twice for the same crime; you cannot be a witness against yourself and you cannot be deprived of life, liberty or property with-j out due process of law. The government itself is forbidden to take private prop erty without just compensation. You are guaranteed a trial by jury. And you have the right to have counsel. If you have been arrested, excessive bail is forbidden, nor can cruel or unusual punishment be inflicted upon you. That is the essence of our liberties. The Bill of Rights spells the difference between, regimen tation and liberty—between national slavery and freedom.” It seems so easy to spend the taxpayers money. I wonder if it would cause a great shock if neither the Congress nor the General Assembly had any new plans that called for money. I am quoting an editorial from Newsweek that is very sound. It is by Henry Hazlitt. “The history of liberty is the history of the limitation of governmental power, not the increase of it. So wrote Wood- i row Wilson. Yet in his term as President he presided over an enormous increase in the power and size of government. And every President since Herbert Hoover has presided over a still further increase in the power and size of government. Each President has insisted on giving his program a new label—the New Deal, the Fair Deal, the New Frontier, the Great Society—and yet each program has been essentially an expansion of the previous program—a further boost in spending, a bigger bureaucracy, an aggrandizement of governmental power, an increased intervention in the daily life of the private citizen. It would use up all the rest of this space even to list the new Federal programs or expansions of old programs—for education, housing, health, conservation, the ‘war on pov erty’—that Mr. Johnson proposed in his State of the Union message. Ten years ago, when the Federal government was spending only two-thirds as much as it is today, the Hoover commission found that it embraced 2,133 different function ing agencies, bureaus, departments and divisions. How many does it embrace now? How many more will it embrace if the President’s new program is enacted? The Federal government is spending 167 times as much in a single year as it was the year before we entered World War I. Will every president, every year, be expected to think up more and more functions for the Federal govern ment to take over from the private sector to the ‘public sec- (Continued on page 3) Spring gridiron practice begins Coach Harvey Kirkland an nounced that February Iwas the beginning date for spring football practice at Newberry College. He hopes to get in 24 days of re freshing fundamentals and learn ing assignments which will give a brief view of what to look for next season. The coaching staff is expecting 33 men, 21 returning lettermen, for the spring countdown. Eight of the 26 who lettered last sea son will not return. They are grad uating seniors, Dennis Lynn, Jim Acker, Reed Charpia and Frank Herlong. Others who will not be on the squad are four freshmen linesmen, Leroy Bouknight and Clay Bradburn, and juniors Buck- ey Hughes and Joe Wren. Coach Kirkland has remarked that the ball club needs to utilize every moment of the spring prac tice. He is ready to make any changes that might be necessary to have a wide-margin winning season next year. BY LINDA NORRIS A S A follow-up to his successful Volume I of Today’s Roman tic Hits, For Lovers Only, Jackie Gleason comes up with Volume II which utilizes a two-in-one orches tra—twin string sections, backed by a rhythm section with accordi on, English horn and oboe . . . The album, which also presents two soloists, Charlie Ventura, tenor saxophone and Pee Wee Er win, trumpet, features three new movie themes (Charade, From Russia With Love, and the theme from The Cardinal) and a collec tion of romantic songs—Have You Heard, Since I Fell for You, Deep Purple and Maria Elena. Jesse Colin Young could qualify as a misfit... He’s a city boy who grew up in the city, lives in the city, works in the city but loves only the country . . . Jesse, born in New York, was the only son of a financial executive who attend ed Harvard Business School . . . The closest Jesse ever came to the country was during his sum mers which were spent in the Adirondack Mountains and on Cape Cod . . . His college career started at Ohio State and lasted one year since there wasn’t enough time for music and school, too . . . It was, however, at Ohio State, that Jesse first heard such country blues artists as John Lee Hooker and T-Bone Walker . . . Fascinated, he headed south, play ing his guitar and singing the songs he learned. In 1961, Jesse returned to New York and in the spring he rented a house up in the hills close to the Delaware River .. .“It was there,” he recalled, “that I spent the sum mer surrounded by friends who were also pickers and singers . . Some of them made up a lot of their own songs and I began to write songs, too, drawing from all of the music I had heard . . “Thy shall love thy neighbor as thyself** —Leviticus 19:18 It is, perhaps, not always easy to love our neighbor. He may say or do things which displease us. He may be a business competitor. He may succeed in some effort where we have failed. How can we love someone we do not like? Someone who does things better than we do them? Someone who is more successful, more popular? We must, in justice to ourself, do the best that we can. We can begin with the Golden Rule. If we can follow the simple phUoso- phy of treating others as we would like them to treat us, we grow in strength and character. If we pursue this course with diligence, it is bound to affect those with whom we come in contact. This becomes a much easier thing to do if we begin by con sidering the good qualities of our neighbor before evaluating his faults. This is, after all, some thing we. expect from others. Read your BIBLE daily and GO TO CHURCH SUNDAY i From Emmet Sharp, Woodlawn, Virginia: I remember when small boys wore “dresses” having two rows of buttons on the front and pinned on one side. I remember when mother made me a “Buster suit,” similar to a short dress. It had a swell collar and matching neck tie and, best I remember, underneath you wore matching bloomer-like pants. I felt kinda proud heading for Sunday School in this Buster suit. I remember how large families made out with two rooms, maybe a bed or two in what they called the “loft.” Lots of girls wore hick ory shirting dresses or similar materials, and rough shoes and cotton or yarn hose to school. Boys wore patched overalls. Children were taught to honor parents and elders. I thought par ents were too harsh on their chil dren. It wasn’t pleasant to sass, act rude, go visiting without leave, and we had to listen to the minister’s sermon, long or short We had our jobs to do—get ting firewood, carrying water from the spring and the like. If we failed to do our chores, and we sometimes did, some parents were “unde” enough to have boys remove their pants in the outdoor woodshed for a sound spanking. This was supposed to improve the memory. I wonder! I wonderl A WORLD OF DIFFERENCE Most everyone knows at least one homemaker who seems to do everything with effortless ease. Her home is always spotless; she belongs to several clubs; she always has time to help with civic projects and activities. Chances are the only dif ference between such an in dividual and the homemaker “who just can't seem to catch up" is in the way they go about doing things. Many a busy homemaker has learned, for example, that It Is wise to shop locally as much as possible. Help ing the community grow and prosper, while a good rea son, has nothing to do with it. The facts are that just obout anything and every thing the homemaker needs is available in the local community — at a fair price, and service is prompt and efficient. Getting what you want, when you want it, is often a matter of nothing more than a phone call. It can make a world of difference to any one who places value on their time. Trade at Home Reliability, Character, and Strength Sound money management over the years has established Newberry Federal's reputation as one that is unexcelled in the industry. Add to this an outstanding record of consecutive divi dend payments since 1935 and it is easy to understand why so many people have opened Newberry Federal savings accounts . . . and kept them there. Savings are insured to $10,000.00 by the FSLIC, a permanent agency of the United States Government. Funds received by the 10th of any month earn from the FIRST of the month. Where you save DOES make a difference. * APwrr * voim SAVINGS INSURED s«aooo» BRANCH OFFICE—BATESBURG, S. C. SB 'avtjvos and Loan Association *••• aaiduiaa •¥»9bt, mmirmnmwx**. DIRECTORS JOHN F. CLARKSON M. O. SUMMER W. C. HUFFMAN J. K WILLINGHAM E. B. PURCELL G. K. DOMINICK