The sun. [volume] (Newberry, S.C.) 1937-1972, January 01, 1959, Image 3
! ■ . • ' ■
THURSDAY JANUARY 1, 1959
THE NEWBERRY SUN
MANY EVENTS ...
(Continued from page 1)
for both the boom in suburban
real estate and the decline of city
property. Buying city real estate
without nearby parking facilities
is a great mistake.
40. I was wrong in my fore-
<M*st a year ago as to the Dow-
Jones Averages. Although many
stocks sell lower today than a
year ago, the Dow-Jones Aver-
ages—especially the industrials—
sell higher. However, I will again
nin the risk and forecast that
"they will sell lower sometime in
1959 than they do today.
41. My forecast of the bond
market in 1958 was correct. I am
inclined now to reverse that
forecast in the case of long-term
non-convertible corporato bonds—
that is, they should sell for less
sometime in 1959 than they are
selling for today.
42. I continue to forecast that
high-grade, cumulative, non-call-
able first preferred stocks will
sell higher sometime during 1959
than they do today.
43. I repeat what I said last
year regarding “cheap” stocks:
*‘The large fortunes in the stock
market have come from buying
non -dividend paying common
stocks at $5.00 a share or under.
These will be the first to reach a
buying level.” If you are to buy
these low-priced common stocks,
you should seek companies with
out too much prior debt or cum
ulative preferred stock o u t -
standing. They are the best com
mon stocks for “capital gains.”
44. Convertible bonds should
hold up fairly well during 1959.
| 45. The best investment policy
for 1959 is for one now to have
m good bank account so funds will
to buy bargains when
break comes in stock,
estate, and commodi-
will be many failures
organized electronics,
similar companies in
be available
a sufficient
bonds, real
ties.
46. There
in hastily
nuclear and
1959.
47. With two or three excep
tions, railroad stocks should be
avoided during 1959 and until a
definite long-range program of
government aid is assured.
48. For steady income and fair
marketability, well established
utility stocks should be the best
for conservative investors not
looking for profit. This espec
ially applies to cumulative first
pr e f erred non-callable utility
stocks.
49. The three handicaps to A-
merican business are the fear of
inflation, the fear of union labor
leaders, and the fear of President
Eisenhower’s physical collapse.
50. The three hopes for America
are our churches, our schools,
and a desire to “pay-as-you-go.”
For these to function properly
we must depend upon the parents
of our nation.
BABSON FORECAST . . .
(Continued from page 1)
by a golf ball. A 12-year old youth
died when run over by a truck and
a three-and-a-half-year-old girl
died from a blast from a 12-guage
pump automatic shotgun while
playing in her home. A Negro was
killed by a train in the town of
Prosperity.
Fire destroyed several rural and
city homes. The largest loss was
that of the Newberry Garment
plant which was completely des
troyed. The fire left 300 unem
ployed and the loss of a weekly
payroll of $10,000.
Two white wen were tried and
convicted of murder, both re
ceived life sentences. Charles G.
Swindler was convicted of mur
dering his step-son and Herman
Griffin was convicted of murder
ing his wife.
Honors came to a number of
people this year. Thomas H. Pope,
a leading Newberry attorney, was
named state chairman of the
Democratic Party. He was also
named grand master of the Grand
Lodge of the Free Masons of
South Carolina,, and as a special
honor he was inducted into the
national Trial Lawyers Group, one
of the highest honors in American
jurisprudence.
Dr. Mamie S. Summer, with the
local Employment Office, recent
ly received a citation from Presi
dent Eisenhower at a banquet
here for her work in the Employ
ment of the Physically Handicap
ped. The award, the first of its
kind ever awarded in South Caro
lina, was presented by Dill Beck
man, chairman of the governor’s
committee on the Employment of
the Physically Handicapped. Post
master Harry Moose and A. W.
Murray were presented distin
guished service awards by New
berry College. Gerald Paysinger
was elected president of the Coun
ty Girl Scout Council. J
Dewey Kinard and Wright Cam
non were honored by the Newberry
Exchange Club for a total of 69
years in Scouting. Mr. Kinard had
been a scoutmaster for 35 years
and Mr. Cannon, 34.
William E. Senn and Henry L.
Parr were presented awards dur
ing Fatm and Home Week at
Clemson College for outstanding
grassland farming. Mr. Senn was
Piedmont District winner and Mr.
Parr was Newberry County win-
Year End Clearance
SHOES
$10.99
(REGULAR 10.95 TO 18.95)
(including all Heydays)
(REGULAR 10.95 TO 12.95)
FLATS & HOOK OXFORDS
(REGULAR 7.95 TO 9.95)
CHILDRENS SHOES
(REGULAR 6.50 TO 7.95)
$3.99 and $4.99
Anderson’s Shoe Store
SEARS announces
ANEW
Telephone Service
Effective Wednesday, December
31st, Sears Catalog Sales Store will
close at 1 p.m. BUT TELEPHONE
SERVICE WILL CONTINUE ON
WEDNESDAY AFTERNOONS
UNTIL 6 P.M.
Our new daily store hours in the
future will be 9 a. m. to 6 p. m. We
formerly opened at 8:30 a. m. but
this hour is being changed to 9 a. m.
We invite you to telephone us for
the many values offered by Sears.
TELEPHONE 1702 TODAY!
W
Sears Catalog Sales Store
Main St.
Newberry, S. C.
ner.
Mrs. Robert Downs Wright was
honored for 60 years’ service in
UDC work during the 1958 con
vention of the United Daughters
of th4 Confederacy in Charleston.
She is the author of several books,
one of which is the history of the
South Carolina Daughters of the
Confederacy. Mrs. Wright has
served the national organization as
president general.
T. B. (Dad) Amis, well known
throughout the South as a former
football player, coach and official,
was awarded a service plaque by
the Southeastern Conference Foot
ball Association in recognition of
his loyal and unselfish service to
the Southeastern Conference Offi
cials Association.
Dr. Von A. Long was named
health officer for Newberry, Lau
rens, and Union Counties. He re
placed Dr. J. Claude Sease, who
held the position for a number of
years.
Pinckney N. Abrams was named
a director of the South Carolina
Savings and Loan Association dur
ing the group’s 49th convention in
Charleston.
Miss Joyce Pruitt, May Queen
at Newberry College, represented
the college at the Miss Universe
pageant during the Sun Festival
at Myrtle Beach.
Boy Scouts in Newberry receiv
ing God and Country awards were
Mac Cobb, James Henderson, Mac
Brooks, Frank Partridge Jr., Tim
Tedford, Fuller R. Campbell Jr.,
Bill Martin, Jack Culler, James B.
Carter, Kenny Davis, Pope Bu
ford, Larry Shealy, Eddie Lomin-
ack, James Shealy, Carl Epting,
Charles Crowell, Jerry Koon, Tom
my Lewis and Jerry Hamrick.
L. E. Gatlin Jr., a Newberry
native, was named general mana
ger of the Newberry Mills, Inc.
E. T. McClure was named sup
erintendent of the Oakland Plant
of the Kendall Company, filling
the vacancy of George McCall
who was transferred to Kendall’s
Pelzer plant.
Rodger Eargle was purple rib
bon winner in the annual county
4-H poultry show.
The Rev. Kenneth B. Wilson, a
native of Charlotte, N. 0., and a
recent graduate of the Southern
Baptist Theological Seminary, was
called to fill the pulpit of the
First Baptist Church of Newber
ry.
The Rev. Paul E. Monroe Jr'.,
pastor of the Lutheran Church of
the Redeemer since 1947, resigned
and left for Tennessee where he
has accepted a pastorate.
The Rev. Jefferson L. Drafts,
pastor of St. Paul’s Lutheran
Church, after serving seven and
one-half years, resigned to accept
work at Mt. Hebron Lutheran
Church in Lc^sville.
Two churches in the county held
dedication service during the
year. They were Mt. Herman at
Peak and 'Bachman Chapel Luth
eran Church near Prosperity.
Newberry no longer has a Cham
ber of Commerce. Its existence
was terminated in April and be
came a part of the Newberry
County Development Board, which
was officially organized as of
April 1. Roy. Summer Jr. is chair
man of the board and Emory Bed-
enbaugh is the field representa
tive.
Newberry College began its new
session with the largest enroll
ment in the lOlyear history of the
Lutheran institution. Two new
buildings were ready for the open
ing. They were a girls dormitory
and a student union building. The
latter houses the dining rooms,
kitchen, lounges and recreation
rooms, snack bar and post office.
A new high school building was
erected below Prosperity and nam
ed Mid-Carolina High School. It
accomodates students of Prosper
ity, Pomaria and Little Mountain.
The building is the finest new
school bulding in this section,
costing over $400,000. C. S. Wil
liams is superintendent of the
school.
A hosiery plant was built in
Whitmire and an industrial deal
was completed whereby the O’-
Neall school near Prosperity was
reopened by Herbert D. Setlow of
New Haven, Conn., and has been
operating under the name of Old
School Manufacturing Company,
Inc., owned by Herbert D. Setlow.
It is rumored that Mr. Setlow in
tends to enlarge the plant.
P. O. CLOSED
O. Cl
SW Y
NEW YEAR DAY
The Post Office will be closed
on January 1st in observance of
New -Year Day. There will be no
city or rural deliveries. Outgoing
mail received at the post office
will be dispatched.
first approved by the presidents
of the state associations. The ap
plications were then sent to Frank
Crockett, NIMAC auditions com
mittee chairman, State Depart
ment of Education, Atlanta, Ga.
A committee from the Board of
Southern Division, MENC Direc
tors made the final selection.
Letters of recommendation and
a tape recording were required.
The recording was made by Jimmy
Coggins of Radio' Station WKDK.
The first recommendation was
from Robert L. Van Doren, presi
dent of the South Carolina Music
Educators Association. Other
ommendations came from R.
Beck, superintendent of the I
henry Elementary Sfchool*;
K. Harmon, director of
County Schools and R. R*
a member of the advisory board
trustees.
SLATONS MOVE
TO NEW APARTMENT
Mr. and* Mrs. Lin Slaton moved
on Friday, December 26 to 1807
Harper street into an apartment
which was recently built connect
ing to the home of Mr. Slaton’s
parents, Mr. and Mrs. Claude Sla
ton.
Be Guests At
UDC Meeting
Mrs. W. L. King, of Clemson,
President of the South Carolina
Division, U.D.C., and Mrs. J.
Frost Walker, of Union, Recorder
General of Crosses of Military
Service, will be guests o'f Drayton
Rutherford Chapter on Tuesday j
afternoon.
The chapter will meet at the
home of Mrs. Elbert Dickert on
Tuesday afternoon, January 6th
at 3:30. Mesdames D. O. Carpen-j
ter and W. H. Suber are associate
hostesses. It is expected that
there will be a full attendance of
members to meet these ladies.
$frs. King and Mrs. Walker will be
overnight guests of Mrs. R. D.
Wright.
Girls Choir Wins
Coveted Honor
By MRS. A. H. COUNTS
The Newberry Elementary
School Girls Choir was honored
this week when it was invited to
sing at the Music Educators Na
tional Congress in Roanoke, Va.,
in April.
This national honor came as the
result of the high rating the choir
made at the State Music Festival
at Winthrop College last spring.
The choir made the only 1-plus
rating given an elementary choir
at the festival.
The choir was organized and
is directed by Miss Juanita Hitt,
music supervisor of the Newberry
city schools. The girls are in the
sixth and seventh grades.
All performing groups at the
conference at Winthrop had to be
Plan No. 1320 1950
Designed by Summer, Prater, White A Associates
732 W. Peachtree St., NW, Atlanta 8. Ga.
ii-fxa'-t-
.flftJH.
Griffith Gets
Navy Promotion
Lt. (JG) Eugene B. Griffith,
who was recently promoted to
that rank from the rank of En
sign, arrived in the city- Sunday
to spend a week with his par
ents, Judge and Mrs. Steve C. |
Griffith. Lt. Griffith is stationed
aboard the destroyer Charles R.
Ware with home port at Boston,
Mass.
Steve Griffith, Jr., a student]
at the University of South Caro
lina School of Law, was also
with his parents for the holi
days. He joined some of his |
friends at Clemson and will at
tend the Sugar Bowl game on
f New Year Day.
Holiday
Early
Uae of
gives this
pleasant
a sloping.
The upper level
connecting full
hail, ttvnqMtidn^
kitchen aid '
The lower
rooms and
practical basement
Upper and middle
feet Lower lebeir
basement has 884
You may order
tions for this house.
Thurs., Jan. 1st,
Being New Years
f ; 3*
The public is urged to take notice of this and
arrange all business accordingly.
Newberry County Bank
NEWBERRY JOANNA
The South Carolina National Bank
The State Building & Loan Assoc.
PROSPERITY, S. C.
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