The sun. [volume] (Newberry, S.C.) 1937-1972, November 10, 1960, Image 5
THURSDAY, NOV. 10, 1960
WHERE OUR MONEY GOES •
When Karl Marx, the Socialist,
proclaimed the doctrfne of Com
munism a century ago, he con
tended that Capitalism “makes the
rich richer and the poor poorer.”
He said it exploited the workers.
He said only a few people could
enjoy living under Capitalism.
Marx, who could never hold a job
and who dallied away his days in
the London library while his chil
dren were starving to death, was
a colossal fraud. His .writings,
glorified by dupes throughout the
world, were classics of stupidity.
American Capitalism has prov
ed this fact. Nowhere on earth in
all history have so many people
enjoyed such a high degree of eco
nomic well-being as have Ameri-
cai\s under our private enterprise
system. Every Saturday this fall
10 million Americans in stadiums
throughout the nation are paying
$4 to watch less than an hour of j
college football. Each spectator is
spending about $1 to get to his
game and about $1 for program
and knicknacks during the melee.
This is wonderful entertainment,
and we can afford it! But the $6
is about half a week’s salary for
the Communists living under the
Karl Marx socialistic economic
system. He couldn’t afford it. He
couldn’t afford a 25c football
game.
Reds Spread Falsehoods
Most of the people of the
world do not know these facts
about American Capitalism and
Communism. The very first ques
tion that Russians ask American
visitors to their land of Socialism
is, “How much do you make in
America?” Communist propagan
da beamed to all the nations of
the world carries the big lie— de
claring that industrial employees,
the wage earners in America, are
poverty-stricken, exploited and
starving under the heel of Cap
italism. Our American informa
tion programs, designed to coun
teract this propaganda are usual
ly jammed, and have not been ef
fective.
An the truth is that not enough
Americans themselves realize how
equitably the wealth of America
is distributed—on the basis of each
person’s contribution to product
ion, distribution and service.
Here are the facts:
The True Facts
During the last 25 years of Am
erican Capitalism our national in
come—everybody’s income totaled
up—was $5,206,780,000,000—about
five and a quarter trillion! Of
this, the workers of America got
67%; the professional men and
women (lawyers, doctors, teach
ers, etc.) received 11.9%; farm
ers, 5.5%; landlords (of rental
housing), 3.2%; stockholders in
corporations ,3.4%; bond holders
(investing money to build schools,
etc.), 3.2%; corporations, 5.7%
(gross income).
The average wage in American
industry today is $2.20 per hour.
And the average family income is
more than $6,000 a year. There
are about 50 million families in
America. Seventeen million, or
38%, have incomes of from $3,-
000 to $6,000 a year. Twenty mil
lion families have incomes of more
than $6,000 a year. These two
groups contain 84% of the popu
lation. That leaves only 16% with
incon es under $3,000 and most of
these are farm families, whose
cash income does not truly reflect
their good living standard; and the
millions of people on retirement
incomes and pensions.
Upper Bracket
Three per cent of American
families are in the $15,000 and
abovi bracket. It is from this
bracket that comes much of the
adventure capital and investment
money to build new manufacturing
plants and start new businesses—
creating new jobs and new prod
ucts. If all the income in the $15,-
000 and above bracket, after taxes
are paid, were divided evenly
amoi^g the 175 million people* in
America, each would receive only
a few cents a day. And the reser
voir of investment capital would
be destroyed.
The farms of America are own
ed by 25 million people. The
houses of America are owned by
100 million. Our 50 million auto
mobiles are owned by 40 million
families. In one way or another
approximately 100 million people
own the wealth of America, and
most of the rest are children and
youth.
So our wealth under American
Capitalism is equitably distribut
ed. While it isn’t operating per
fectly, and isn’t above constructive
criticism, it still is the best sys
tem in the world. Let’s keep its
basic principles from eroding tow
ard Socialism and Communism.
Mrs. M. E. Gilliam, Mrs. Maude
G. Ross, Miss Elsie Gilliam and
Mrs. M. K. Wicker spent Sunday
in Charlotte, N. C., with Mrs.
Ross’ son and daughter-in-law,
Mr. and Mrs. John G. Ross and
family.
“See, dear? Fve been after you and after you to see
PURCELLS for an auto loan to buy a new carpet!“
The friendly Purcell people roll out
the carpet for folks who need cash
for new furnishings. Just ’phone;
then trip in for your money.
PURCELLS
“YOUR PRIVATE BANKERS”
1418 Main St. Newberry
im
“World's largest termite control organization"
$5000 GUARANTEE
Against Future Termite Damage
, Represented nationally by over 1800 lumber dealers
»
For free Inspection call
Newberry Lumber Co., Inc.
Authorized Representative For
TERMINIX SERVICE
913 CLINE ST.
TELEPHONE 56
THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA
PAGE FIVE
IMPORTANT NEWS ABOUT U.S. SA//NG-S BONDS
How you can turn your E
Bond savings into
current income while
preserving the principal
Effective now, owners of Series E Savings Bonds can
trade them in for H Bonds without.immediately pay
ing income tax on the interest accumulated.
This new conversion privilege allows you to pay taxes
when your bracket may be lower,' permits tax money
to earn interest for you. This means special benefits
for people near retirement, or who for other reasons
want the cash interest paid twice a year by H Bonds.
FACTS ABOUT H BONDS: ♦You buy
them at face value. ♦ You receive interest
by check twice a year. ♦ You earn 3%% '
interest when H Bonds are held the full
10 year maturity term. Get full informa
tion (and order H Bonds) at your Bank,
YOU SAVE MORE THAN MONEY WITH
US. Savings Bonds
Series H and Series E
Off ^ke f k/eeh [
&
mm
‘Here’s the help-wanted page! . . . why not combine
marriage with a career?”
Cheddar Apple Crisp
r
nym
• .'vSs:
wiiil!
:vx*c-x*x-x.
Cheddar Apple Crisp—a savory layer of apples covered with
a crisp cheddar cheese topping—offers the same tempting flavor
combination as fresh-baked apple pie with a thick slice of cheese.
Have those “six-o’clock-what’s-for-dessert” blues? There is a
deMcious solution in Cheddar .Apple Crisp—a tempting apple
dessert with a rich, crisp topping of Cheddar cheese and cinnamon.
Preparation couldn’t be easier and takes but minutes in the
kitchen. Just place sliced apples in a baking dish and sprinkle
on the topping made with enriched self-rising flour, Cheddar
cheese, sugar, egg and cinnamon.
Cheddar Apple Crisp is simple with self-rising flour, eliminating
the bothersome sifting together of flour, baking powder and salt.
.What could be easier? Self-rising flour saves precious minutes
for other meal preparations. Ypur dessert can be ready at the
end of your meal.
The goodness and convenience of Cheddar Apple Crisp shouldn’t
be reserved for the family alone—it’s ideal for both expected
and unexpected company. Serve it piping hot from the oven or
chilled, under a mound of whipped cream. \
CHEDDAR APPLE CRISP
iy 2 cups sifted enriched self- I cup shredded Cheddar cheese
rising flour 5 cups sliced apples
i/ 2 cup sugar (two 1 lb. 4 oz. cans)
1 teaspoon cinnamon y 2 cup melted batter or
1 egg, slightly beaten margarine
Sift together flour, sugar and cinnamon. Mix in egg thoroughly.
Stir in shredded cheese. Spread apples in 7 x 11-inch pan. Sprinkle
topping over apples.* Pour melted butter or margarine evenly
over topping. Bake in moderate oven (350°F.) 35 to 40 minutes.
Serve warm or cold.
Makes 8-10 servings.
♦If desired, cut out apple pattern from brown paper. Place
qn top of apples. Sprinkle topping around paper pattern. Lift out
oattern. When baked, pipe whipped cream or softened cream
cheese around edge of apple. Less topping is required when
Cheddar Apple Crisp, is decorated this way.
Interstate 26,
276 Route Opens
%
Remaining sections of Inter
state Route _26 and U.S. Route
276, linking Columbia and Green
ville, will be officially opened to
traffic tomorrow, November 4th,
the State Highway Department
has announced. This will make
the continuous stretch of freeway
the longest in the state so far
completed and opened.
Portions of both routes had
been previously opened following
completion of construction. Route
276, which is a controlled access
highway all the way from Route
1-26 near Clinton to Mauldin,
was previously opened between
Greenville and S. C. Route 308
north 5f Clinton. A seven mile
section of this route, extending
from Mauldin into Greenville,
does not feature access control,
although it is a four-lane facil
ity. Also previously opened to
traffic was the portion of Inter
state 26 from # Columbia to S. C.
Route 773 near Pomaria. Now the
entire highway from Columbia to
Greenville will be officially open
ed.
Opening of the new route sec
tions will make the Columbia-to-
Greenville freeway the longest
opened to traffic in South Caro
lina thus far. It also reduces the
driving distance between the two
cities from 106 to 101 miles, pro
ducing a saving in travel time.
Highway Department traffic
counts reveal that the portion of
U. S. Route 276 between Mauldin
and Fountain Inn, which was op
ened some months ago, carries
an average traffic volume of
3,300 vehicles per day. The Maul-
din-to-Greenville portion, opened
prior to that time, carries an av
erage of 5,800 vehicles daily.
These volumes are expected to
increase sharply with the official
opening of the entire Columbia-
Greenville route.
Indications are that, with the
official opening of the highways
all the way from Columbia to
Greenville, much traffic rtow us
ing U S. Routes 76 and * 176
bound for the Greenville apd
Spartanburg areas will shift to
the new freeway. Connection
from the western end of the cur
rently completed section of Route
1-26 to Spartanburg can be made
by utilizing S. C. Route 56 at a
point north of Clinton.
mm
mi
Building Permits
Nov. 1: Marvin Powell, repairs
to dwelling, 415 Green St., $1000.
Nov. 2: Harry F. Davis, repairs
to porch, 2028 Montgomery St.,
$50.00.
Nov. 2: L. Morris, repairs
dwelling , 2012 Main St., $400.
Nov. 2: Harry W. Dominick, re
pairs to* roof, 1801 College St.,
$60.0& . ^ ■ .-A
Nov. 2: Robert C. Underwood,
repairs to dwelling, 904 Caldwell
St., $75.00
Nov. 2: Mrs. Clara Wertz, re
pairs to dwelling in Spiers St ,
$600. ,
Nov. 5k Mamie Cpleman, re
pairs to roof, 1808* Lindsay St.,
$60.00 '•
Nov.' 3: Johnnie F. Tribble, re
pairs to popch, 1109 Turner St.,
$30.00.
Nov. L. Beaty, lip
pairs to .dwelling, 1311 Milligan
SiM/ i'\ '• 4^11b
Nov. 4: D. Blackwell, gen*
eral regains to dwelling, f
Main St., $158.00. '
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mm
Mrs. Lamb Dies
lit Virginia
Mrs. Annie Grace Lamb,
of Charles T. Lamb and a na
of Newberry, died Saturday night
at' her home in Richmond, Va..
Though in declining health for
several years, her death was sud
den. . . *: jy
Mrs. Lamb was the daughter
of the late Robert C. and Francei
Lavinia Kinard Sligh of N©wber|t
ry. ’’ v . ,
Survivors include her husbanc.;
two sons, Charles T. Lamb, Jr., V ' 7^
and Robert N. Lamb,. both of
Richmond; two brothers, Georg
B. Sligh of Evanston, Ind
Tom P. Sligh of Newberry;
sisters, Mrs. Frank Sutton, Miss
Gussie Sligh an<L Miss Claire
Sligh, all . of Newberry, and four
grandehtflpftn. " i
Funsip^|srvices and b
were conducted at 2 pjn. Tues-
Igglfo Richmond.
mt
«F. B. DawkinS spent
in Saluda wiUt her niece,
Mrs. Guy Nichols and Mr. Nich^
ols.
REVENUE
Sales and Use Tax
28.6%
SOUTH CAROLINA'S
TAX DOLLAR
EXPENSES
FISCAL
:59-60
Corporation License
Elertric Power Tax-1.6%
Corporation
Income Tax
7.7%
Individual Income Tox-9.
Declaration & Withholding*-3.4%
Beer and Wine Tax-3.2%
'Alcoholic Liquors Tax-4.0%
vASl 1
An
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•' - 4
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TfllNK—what it means to be secure in your invest
ing. Every dollar you place with us is Federally In
sured to $10,000. x
•
THINK—what it means to earn consistent dividends
without market fluctuation. We pay 4% per annum,
payable semi-annually. ' . v >.
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THINK—what it means to be able to get your money
when you need it. Withdrawals paid on demand at all
times. ' , ' '
THINK—what it means to do business with an insti
tution 25 years of age with assets of 14 and a half
Million Dollars and Reserves of more than 1 Million
Dollars. •
• f
THINK—what it means to do business with home folks.
You know the people at Newberry Federal. <
THINK—then invest with us. $5.00 will open an ac
count.
“ V - - •
r.-. :
gfe -
DIRECT REDUCTION
HOME LOANS
i « MSSSSSSPS?*''
y.v'V- .
yy. :V.r
AVINGS AND LOAN ASSOCIATION
S AV I N G S INSTITUT'ION FOUNDED 19
1223 COMEGB^STSMT. NBWBBRBY, B.
Branch Office: Batesburg*, S. C.
Directors
J. F. CLARKSON
M. O. SUMMER*
G. K. DOMINICK.
J. K. WILLINGHAM