Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

Page Two THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA THURSDAY, JANUARY 3, 1963 Statement of Condition Newberry Federal Savings and Loan Association NEWBERRY, SOUTH CAROLINA After the dose of Business December 31, 1962 ASSETS First Mortgage Loans $16,302,117.13 Loans on Savings Accounts 140,889.41 Properties Sold on Contract .15,601.78 Real Estate Owned 12,080.94 Investments and Securities 792,600.00 Cash on Hand and in Banks 814,302.52 Office Building and Equipment, 162,199.47 Less Depreciation Deferred Charges and Other Assets 48,612.43 $18,288,403.68 LIABILITIES Savings Accounts $16,256,366.05 Advances from Federal Home Loan Bank ' > Loans in Process Other Liabilities Specific Reserves General Reserves —: $1,369,119*65 Undivided Profits 56,176.44 300,000.00 302,086.30 2,155.24 2,500.00 1,425,296.09 $18,288,403.68 MEMBER OF U. S. Savings and Loan League Federal Savings and Loan Insurance Corporation S. C. Savings and Loan League Savings and Loan Foundation J. F. CLARKSON M. O. SUMMER $888 COLLSOB STBBBT, NBWBEHRY, 8. C. DIRECTORS G. K. DOMINICK E. B. PURCELL J. K. WILLINGHAM W. C. HUFFMAN BRANCH OFFICE — Bafesburg, S. C. — THE “SPECTATOR’S” COLUMN What about Doctors? I mean the physicians, of course, for we have Doctorates so commonly thrown around that we must speci fy, though just doctor and no more indicates or presupposes our med ical brethren. A business man, a scholarly man, addressed a body of physi cians recently and he didn’t mince words. Hear him now, this erudite manufacturer of Minnesota, an Oxford man and a summa cum laude graduate: ‘•Not everybody, of course, picks on the doctors. An eloquent sup porter is Phillis McGinley, that delightful lady who writes for the New Yorker and who produced the following lines a few years ago: ‘Of all God’s creatures here below Whose feats confound the skeptic I most admire the Medico, That hero antiseptic. He has my heart, he has my hand, He has my utmost loyalties. (He also has my tonsils, and A lien on my royalties).’ Be that as it may, I suspect that the doctor’s feeling about their losses of status is correct. It is a loss which they have shared with their brethren in the other two of the three ancient learned professions. And I suspect also that both lawyer and theologian have suffered more than the doc tor. It would be impossible for the decline not to have taken place. The earlier status of all three of the professions was in substantial part a product of the general scarcity of education. But illit eracy has disappeared like small pox. You can’t really expect to be viewed with enormous awe just because you went to. medical school in a community where most of the business men and their wives have B.A.—and some of them M.A.—degrees, and all have been to Florida, Mexico and Eu rope. On the contrary, you are fortunate to live in an educated society and to have avoided the ‘great man on a pedestal’ treat ment, for things on pedestals are in danger of being knocked off and damaged. I have no fear that the practice of medicine with its wonderful values for the good of society will ever fail to command admiration and respect so long as it lives up to its potential. But the field of medical care is being subjected to uncomfortable publicity and as tringent criticism. It is a product of medicine’s accomplishment and of medicine’s promise. Health was once a matter of great good fortune. You had es caped the wrath of the gods, the evil eye of the enemy, or for some reason the sins of your fathers were not visited upon you. Today it is obvious that to a substan tial extent health can be ‘imag ined into being. If the problems of biological disequilibrium can be recognized early enough, count less conditions once thought dis abling or fatal can be controlled or eliminated. We know that we cannot pre vent deterioration. But we can re cognize it, and we can make sure that when the moment arrives when corrective action is prudent, it is taken. This, of course, is the basis for the industrial physical examina tion programs. The most valuable asset any company has is its ex perienced executive staff. It is worth a great deal to keep them alive and healthy. It j s almost equally important to keep them thinking that they are healthy. Few men reach major respon sibility before they are 35. And few men after 35 fail to develop pains and sensations that are the result of stress, decay, or ‘some thing my wife read in the Ladies Home Journal’. Some of these pangs and debilities are important. Most are not. But they loom im portantly to that particular man and his wife, until they are proved innocuous. As infectious disease declines, not merely will the diagnosis and treatment of the degenerative ones come more to the fore, but those afflicting the mind will become more important. Dr. William Men- ninger of the Menninger Clinic said in an article this spring: ‘I am convinced that it would be in telligent practice to take along with that physical check-up an emotional check-up’. Some com panies already have this in their medical programs. Preventive maintenance of my grandson’s health is going to demand that you be able to probe his psyche as well as his physique. Let me quote some figures. F fitsht,anks in part to the enor- Fifst, thanks in part to the enor- insurance plans, the doctor’s col lection ration went from 74 per cent of billings in 1935 to 93 per cent of billings in 1959. Second, according to Medical Economics, back in 1940 the median Bet in come of doctors was $3,245 per annum. By 1955 that income had risen to $16,000. But I think in the long run it will be a good thing. Your patron saint, Hippocrates, said a good many centuries ago that ‘the art of medicine consists of three things: The disease, the patient, and the physician. The physician ! is the servant of the art, and the | patient must combat the disease along with the physician’. I sug- | gest to you that the problems ’ created for the ‘whole man’ ap proach to medical treatment by ; the necessary specialization of modern science will be in substan tial part resolved by the educated patient being increasingly the in- ; tegrating function in bringing the ; widening art of medicine to bear upon his own particular problem.” This man is looking to the time his grandson comes along; and he thinks the level of education at that time will put all professions on their own merit; dignity will have yielded to sound professional efficiency. As you see our man includes preachers, lawyers, and other professional men. Let us hope that the grandson may not be a fluke. Well, if our friend from Minn esota gets under our skin suppose we go under the sea and look ! about. “The nation that first perfects a foolproof way to detect, identi fy, and destroy the modern nuclear powered submarine will upset the status quo of world power. For that nation could, at will, elimin ate rival submarine fleets—while its own roamed the deep in almost complete safety. Today’s nuclear-powered subma rine runs much faster and deeper than the most advanced sub of World War IL It can stay sub merged for months instead of hours. Without surfacing, it can launch its missiles against nerve centers deep in the enemy heart land. It is virtually immune to destruction. Before the Navy’s Anti-Submar ine Warfare division can mater ially improve present methods of detecting, identifying, and des- I troying hostile submarines, it must collect a vast amount of data about the watery world that blan kets seven-tenths of the earth— 300 million cubic miles of a highly corrosive fluid, stirred by great currents and upwellings of frigid waters from the deep, almost im pervious to light and radio waves, its floor cut by deep trenches and folded into jagged peaks. Although the need is critical, there are probably less than a thousand fully qualified oceano graphers in the U. S. today. Other needed scientists are also in short supply. A fewer than a hundred vessels are devoted primarily to basic oceanographic research. One way the navy detects and tracks subs is by listening to them. But the ocean depths are filled with noises. Sea lions make a racket similar to subs. So do por poises and whales and certain fish. A research ship, the Sea Quest, is being used to catalog and differentiate the sounds of the sea. But the Sea Quest is more than just a listener. She is also a com pletely equipped sea-going labo ratory. Her electronic, meterolo— gical, and oceanographic instru ments are among the best availa ble. Her hydrographic winch run 5000 meters of 4-conductor cable at 100 meters a minute. With minor exceptions, today’s undersea detection and communi cation systems depend on sound. Sound travels freely through the depths, but often unpredictably. It may be heard thousand? of miles away—or it may bounce back after going only a few thous and feet. Undersea mountains may deflect it. Changes in tem perature or salinity may make it twist and turn. Scientists are helping the navy unravel these phenomena. They are studying underwater sound propagation and the effect of temperature gradients on sound transmissilon. They have installed an underwater acoustics array 600 fathoms deep off the California coast to determine the distance and speed of passing vessels by measuring their noise. Now in service with the Nevy is the P-3 A (P3V) Orion hunter- killer airplane—deadliest combi nation of men, electronics, and armament ever pitted against sub marines. The P-3A flies high and fast to its assigned search sector, then low and slow, hour after tire less hour. Its spacious, pressure izzed cabin has room aplenty for its crew of 10 and 2 1-2 tons of supersensitive electronics gear. Once it pins down a hostile sub, it can attack with rockets, .bombs, torpedos, depth charges, and spec ial weapons.” DRAYTON RUTHERFORD CHAPTER MEETS TUESDAY Drayton Rutherford Chapter, U. D.C., will meet Tuesday, January 8 at 4 p.m. at the home of Mrs. J. J. Chappell with Mrs. Gordon Clarkson and Mrs. Thomas H. Pope Jr., as associate hostesses. Mrs. Hunter Brown will have charge of the hostorical program. Members are asked to take note of the change in the hour of meet ing. BABSON’S FORECAST . . . (Conti ^d from page 1) ers rests in co-operative adver tisements in newspapers and other media. Certain basic chemicals will surely decline in price due to over production and competition from imports. The U. S. Justice Depart ment claims to be working for consumers in its fights with many companies such as the dairy con cerns, but in the end supply and demand will determine the result and not legislation or court decis ions TAXES & INFLATION Before the Kennedy Administra tion retires, I forecast that we will have either more taxes or more in flation. Neither, however, need come in 1963. The stock market may discount the expected infla tion by temporarily continuing above 600 on the Dow-Jones In dustrial Average. The November elections indicate that the voters want a “welfare state” and I be lieve this means more inflation rather than more taxes. The old saying, “We cannot have our cake and eat it too,” is cer tainly true today. The elections re ferred to above indicate that the majority of voters really believe they can have all these temporal benefits such as medical care for the aged, medical and hospital payments, more social security, etc., without having to pay the bill either through increased taxes or through inflation, young people in the form of free With all that is promised to education, college scholarships, etc., in addition to the above-men tioned help, this means that the employed people, from ages 25 to 65. must carry the entire bur den .Sometime they will rebel, but it will not be in 1963 although it might come at the next presiden tial election. Certainly the enact ment of a “real” all-inclusive tax cut is no sure thing. It may look good to the “w T orking man” but not to investors or employers. THE UNITED STATES DOLLAR AND GOLD The purchasing power of our dollar will gradually be less, but this statement applies also to the currency of all countries. If our dollar declines in value it will be the same for every nation. If we devalue the dollar or temporarily look prosperious by phony book keeping, the other nations will gradually follow suit and we will all wind up where we started. The dollar will not be devalued in 1963, although the Wall Street and Lombard street brokers will put out propaganda to the con trary. " Now, a final word with regard to gold. The United States will con tinue to lose gold on balance dur ing 1963. The only way to prevent it in 1963 is for us to export more goods And import less. This would require certain sacrifice on the part of our people. Since my trip to Africa, I have concluded that the answer is in j producing more gold rather than | leaving it underground. If gold, had a free market, its production ' would increase naturally and it' would then represent one of the j safest and most profitable invest ments available today. Another one may be uranium oxide. Of course, large quantities of gold may be found on the surface of the moon—which brings me to my final subject, which I hope readers will take seriously. GOING TO THE MOON Nobody will reach the moon in 1963 or in 1964, but you will see more and more about it in the newspapers during 1964—or 1965. Do not think that the U. S. will be the only country preparing for this trip. Russia, England, Germ any, France, and possibly China, are preparing today to go to the moon. With labor getting 15‘cents for a 12-hour day in China and with boster engines purchasable abroad, China may be the first to get to the moon. China does not need to be a member of the UN in order to send a rocket and three men to the moon and return. Her trip to‘the moon may be financed by foreign capital. China will win the teritory it wants in India and ultimately get Burma. Buying .of “going to the moon” stocks may become very active speculation. The original boosters will be paid for by some govern ment, but their operation will be left for profit. The situation may compare with out great “gold- rush” in 1849. However, it will not be limited to gold, but will also include diamonds, platinum, and perhaps other elements which are not yet in our chemistry books. My great-grandparents were a 11 seafearing men taking people HOSPITAL PATIENTS NEWBERRY COUNTY MEMORIAL HOSPITAL Mrs. Mattie Abrams, 2007 Lee St. George A. Addy, 2225 Harper St. Mrs. Mildred Brown and baby girl, Rt. 4 Mrs. Mary Ella Brantley, 220 Rodelsperger St. Miss Annie Bynum, 2’03 John stone St. Tommie L. Crooks, Rt. 2, Po- maria Thomas C. Chalmers, 1519 Cald well St. James Vernon Clamp Jr., P. O. Box 179 Mrs. Joan Chrisley, 1220 Kinard St. Joe Wilson Cromer, Rt. 2, Cha pin Larry Dolin, 3936 Broad River Rd., Columbia Russell Eubanks, Joanna Mrs. Ann C. Folk, 1940 Evans St. Mrs. Ruth Hyler, Rt. 1, Saluda Earl Hayes, Rt. 1, Newberry Mrs. Jerry Wilson Johnson and baby boy, Rt. 1, Silverstreet Mrs. Ada Kinard, 3259 College St. Miss Nannie McKittrick, Rt. 1, Kinards. Louis Morris, 2012 Main St. Mrs. Sebella E. Nichols, Silver- strtet. Mrs. Margaret Nelson, 2035 Adelaide St. Mrs. Nora Sanders, 1900 Nance St. Thomas Means Sanders, 1900 Nance St. Mrs. Brenda Thomasson and baby boy, P. O. Box 6263, North Augusta. Mrs. Nell Taylor, Rt. 1, Silver- street Mrs. Ramah Ward, 1135 Johns St., Rock Hill. Oscar Wessinger, Prosperity Mrs. Clara L. Wilson, 2223 Brown St. Anna Hawkins Bailey, Prosper ity Lillie Diane Caldwell, Rt. 3 Charlie Glenn, Rt. 1, Chappells Anthony Henderson, Rt. 1, Kin ards Luther Perry Jeter, Rt. 1, Box 86-D Lula Mae Swindler, 2519 John- stsone St. MILLS CLINIC PATIENTS Mrs. Nola Swygert and baby boy, Leesville Mrs. Wilma Beck and baby boy, Newberry Mrs. Emma Hiller, Chapin Baby Rinehart, West Columbia Mrs. Mary Kelly, JoJanna Mrs. Bessie Clopton, Newberry Mrs. Eva Mae Taylor, Prosper ity Miss Lila Martin, Newberry J. W. Young, Newberry Charlie Chapman, Little Moun tain Miss Bessie Long, Prosperity NOTICE OF JURY DRAWING We, the undersigned Jury Com missioners of Newberry County, shall on Wednesday, January 16th, 1963, at 9 o’clock, A. M., in the of fice of the Clerk of Court, openly and publicly, draw the names of thirty six (36) men to serve as Common Pleas Jurors for the Court of Common Please (Civil) which will convene in the Newberry County Courthouse on Monday, January 28th, 1963, at ten o’clock A. M. Burke M. Wise, Clerk of Court . Ralph B. Black, Auditor J. Ray Dawkins, Treasurer. January 2nd, 1963 Newberry, S. C. Permits To Build Dec. 27—Ralph McGaha, one six- room dwelling on Pope St., $8,000. Dec. 27—Grice Builders, one six room brick veneer dwelling on Clarkson Ave., $8,500. from New England down the East Coast of South America around the Horn and up the Paci fic coats—a trip of two months. The astronauts say that they can make the trip to the moon easily in les than four days. One final thought: If the Kennedy Adminis tration gets into too much of a jam between taxes and inflation, the promotion of trips to the moon may pull them out of their troubles. By enticing private cap- itaT which is now in need of some attractive speculative investments, this might even bring about an other big stock market boom in the late Sixties. JsyrJb PUBLISHED EVERY THURSDAY O. F. Armfield, Jr., Owner Second-Class Postage Paid at Newberry, Carolina. SUBSCRIPTION RATES: $2.00 per vance :Six Months $1.25.