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THURSDAY, JULY 18, 1963 THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA PAGE THREE State Bank No. 67-693 REPORT OF THE CONDITION OF The Bank of Commerce OF PROSPERITY, IN THE STATE OF SOUTH CAROLINA AT THE CLOSE OF BUSINESS ON JUNE 29, 1963 ASSETS Cash, balances with other banks, and cash items in process of collection $ 232,586.85 United States Government obligations, direct & guaranteed 295,989.59 Other bonds, notes and debentures (including $119,187.11 securities of Federal agencies and corporations not guar anteed by U. S.) 119,187.11 Corporate stock (including no stock of Federal Reserve Bank) NONE Loans and discounts (including no overdrafts) 758,814.84 Bank premises owned $19,911.73, furniture and fixtures $8,202.72 28,114.45 (Bank premises owned are subject to no leins not assumed by bank.) Beal estate owned other than bank premises NONE Investments and other assets indirectly representing bank premises or other real estate NONE Customer’s liability to this bank on acceptances outstanding NONE Other assets 23,005.22 TOTAL ASSETS $1,666,821.33 LIABILITIES Demand deposits of individuals, partnerships, and corpora tions — Time and savings deposits of individuals, partnerships and corporations Deposits of United States Government (including postal savings) Deposits of States and political subdivisions Deposits of banks Certified and officers’ checks, etc TOTAL DEPOSITS $1,488,410.02 (a) Total demand deposits $1,051,362.63 (b) Total time and savings deposits _$ 437,047.39 .Mortgages or other liens none on bank premises and none $ 942,886.73 337,047.39 80,000.00 126,194.85 NONE 2,281.05 on other real estate NONE Rediscounts and other liabilities for borrowed money NONE Acceptances executed by or for account of this bank and outstanding NONE Other liabilities 26,070.78 TOTAL LIABILITIES $1,514,480.80 CAPITAL ACCOUNTS Capital: (a) Common stock, total par value $ 50,000.00 (b) Preferred stock, total par value none, total retirable value none. (c) Capital notes and debentures none Surplus 60,000 Undivided profits — 42,340.53 Reserves (and retirement account for preferred capital) NONE TOTAL CAPITAL ACCOUNT $ 152,340.53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS $1,666,821.33 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes (including notes and bills rediscounted and securities sold with agreement to repurchase) $ 170,022.54 Loans as shown above are after deductions of valuations reserves of 24,856.53 Securities as shown above are after deduction of valuation reserves of NONE I, Jacob A. B.owers, President and Cashier, of the above named bank, do solemnly affirm that this report of condition is true and correct to the best of my knowledge and belief. JACOB A. BOWERS Correct—Attest: RUDOLPH C. BARNES, J. MONROE FULMER, W. G. LYLES. Directors. State of South Carolina, County of Richland,—SS.: Sworn to and subscribed before me this 10th day of July, 1963, and I hereby certify that I am not an officer or director of this bank. ELEANOR F. WASSON, Notary Public My Commission expires at the pleasure of the Governor. How Well Will Youis Stand Up? In any claim for damages due to an auto mobile accident, your insurance is your first line of defense. How well your policy per forms depends upon the specified limits and the company with which you do business. It makes good sense to buy only the best in protection when huge sums of money are in volved. It s good sense, too, when you che-' with us. 1418 Main Street Phone 276-1422 By THOMAS COLLINS HOW TO BE A WIDOW—IT TAKES SOME DOING «TIT'OULD it be possible for ^ ^ you to tell me how to be a widow? “Nobody ever taught me. And suddenly I find myself a 61-year- old widow with no definitions and no rule book. “It is much like being thrown into water without knowing how to swim, or having to drive a car without ever having tried. “I have the strength not to panic. But I desperately need some guideposts as I come out of the worst of my grief . . It is peculiar that the educa tional system of our times does not teach the young how to be parents and does not teach the old how to manage when life’s partner dies. But so it is. And the gray haired widows—and widowers— must turn to family, to neigh bors, or to people like me to find out what they should do. Here goes— For any widow, the first con- sideration must be survival. This m^ahs, food, housing, medicine and clothing. Or, in brief, money. The widow, calling on what arith metic she knows, must pull to gether the material resources her husband has left her. There will be some life insurance, some sav ings, a small bank account, maybe a pension credit from the husband’s company, maybe a house. A widow needs a minimum of $150 a month, but can get by with a few dollars less if she owns her house. It takes $45,000 invested at 4 per cent to get a monthly in come of $150. If the hoard adds up to this, the widow should put it in a savings account at a bank, in an insured savings and loan association, or in high-grade se curities recommended to her by a highly reputable investment house. If the hoard doesn’t add up this high she should ask a life insurance company if it can give her, in an annuity, a mini mum of $150 a month on what she has A job, or moving in with the children, or renting out ‘ rooms in the house are the alternatives. The second consideration of the widow must be what she is going to do with her life. It goes on, maybe 20 years beyond the hus band’s death.. She will find friends and neighbors can’t do enough for her die first year of her be reavement After that, she will find, many of them can. She must make a life by herself. The usual course is to volunteer for church, civic and charitable chores. It is seldom satisfying. Nor does it pro duce many new friends. Whether she needs the money or not a widow will usually find that a commercial job with a weekly paycheck, or a small com mercial business of her own, will give her more purpose in life and more satisfying friends than any thing else she can do. And since the evenings are the drab part of her life, with her husband gone, she should seriously consider an evening job. For a copy of the new Golden Fears booklet by Thomas Collins, send 33 cento In coin (no stamps) to Dept. NWNS, Box 1673, Grand Central Sta tion, New Fork 17. N. F. ••••••••••• # Dean Manion THE MANION FORUM The American Constitution and the Bill of Rights were projected upon the theory of inalienable, God given personal liberty that had been proclaimed categorically in the Declaration of Independence. For that reason, American consti tutions, state and Federal, were drawn in the form of definite lim itations upon the powers of gov ernment. Every government officer was required to swear or solemnly af firm that he would operate his office within the prescribed limits of the Constitution. Personal rights were made enforcible by the individual person, against any and all officials of the govern ment for any failure to live up to the oath taken, in established courts of law and equity. This is the distinguishing fea ture of the American constitution al system. Never before in history had the individual citizen been legally authorized to enforce his God-given rights against all the power and majesty of his govern ment. In the first century of our his tory officials were extremely sen sitive to the limitations placed upon their powers and duties by the Constitution. Really great con stitutional debates then took place in the Congress, rather than in the courts. For many years, Presid ents were also conscious and con scientious about Constitutional limitations. Passing time has calloused the Constitutional conscience of both Presidents and Legislators. In our time, “leave it to the courts” has become a stock answer to any Congressman who may worry about the Constitutional limita tions he took an oath to observe. The logic of leaving Constitutional questions to the courts is not as simple and as satisfactory as it sounds. Courts have taken the position that they should not ques tion the constitutionality of any legislative or executive action and that such a challenge can be made only upon a proper petition pre sented by an injured citizen. In theory this sounds fine, but tions. By statutes, which regulate Federal judicial procedure, Con gress has made it extremely diffi cult for an ordinary citizen to challenge the Constitutionality of a Federal law in other than crim inal cases. In the unlikely event that the petitioning citizen successfully hurdles the statutory traps and persuades the hearing judge to agree that Congress has violated the Constitution, the government then may appeal directly to the Supreme court, a procedure de nied to the petitioning citizen. The procedure is pure, simple in practice, this attitude has lib erated Congress and the President from all Constitutional restraints in most of thir customary opera- and deliberate frustration of the one distinguishing feature of our Constitutional system. In defer ence to the popular presumption that the Federal government is all powerful and always right, the Federal courts work under a self- imposed official reluctance to consider any citizen’s petition which alleges that some branch of the government has gone outside of its constitutional boundaries. In most states of the union, an ordinary taxpayer can still go in to court and restrain city, county and state officials from spending public funds in violation of the State constitution. Under current court rulings, our Federal spend ers are immune from this sensible and necessary restraint. Why are the bureaucrats per mitted to spend your money for unconstitutional purposes? Where, in the Constitution of the United States, is Congress authorized to spend tax dollars for billion-dollar boondoggles all over the world? What provision of the Constitution authorizes Congress to raise this money by impounding the wages of all American workers, and im pressing every American employer into involuntary, unpaid servitude as a Federal tax collector? Looking Ahead ... by Dr. G«org* 5. Benson PRESIDENT—NATIONAL EDUCATION PROGRAM Seercy, Arkanm PATIENTS IN THE HOSPITAL Dan B. Bledsoe, Saluda. Mrs. Carrie M. Bedenbaugh, Newberry Mrs. Rae T. Beck, Newberry Mrs. Lois Boulware, Newberry J. Dave Caldwell, Newberry . Robert E. Gee, Newberry Mrs. Cora S. Fellers, Prosper ity. Mack Eargle, Pomaria Mrs. Bertha K. Dowd, Newberry Mrs. Earline Lillian Huneycutt, Whitmire Ben H. Hamm, Newberry. Mrs. Nancy R. Hawkins, New berry Mrs. Mamie H. Hamby, Pros perity ' Miss Lillian Edith Jones, Saluda Mrs. Sarah W. Kean, Newberry i Mrs. Leila M. King, Whitmire I Noah Kirkland, Newberry Mrs. Ada Wilson Kinard, New berry Mrs. Rebecca Long, Pomaria Mrs. Louise H. Longshore, New berry Julian C. McLeod, Newberry Mrs. Betty S. Monroe, Newber ry Mrs. Marzelle Mills, Newberry Louis Morris, Newberry Mrs. Lucy Rivers, Newberry Mrs. Eva C. Riley, Saluda Mrs. Leila S. Ruff, Newberry Lance Reid, Newberry Curtis A. Rikard, Newberry Mrs. Laura Robbins, Newberry Mrs. Nancy Jean Shealy, New berry Mrs. Martha J. Sanders, Dalzell. William E. Taylor, Newberry Miss Jacqueline Tarlton, New berry J. T. Turner, Newberry Mrs. Ada Thompson, Newberry A round-up story in the Wall Street Journal recently assembled data describing what amounts to a boom in white-collar jobs. This information might justify some new ways of looking at the unem ployment picture. Our time may soon be referred to as the “age of the white collar.” In a period when unemployment is so much empha sized, with blue-collar and farm jobs having declined by some .2.6 million since 1947, it is interesting to note that 10 million more white collar workers are on the job now than were then at work. This white collar multitude now comprises about 30 million. It out numbers the farm plus blue collar category by nearly a million. Just the increase of 10 million since the war, says the Journal, equals the population of Los Angeles, Chicago, Philadelphia, and Det roit. (Service workers, not includ ed in these figures, also have in creased 50 per cent.) It is possible that some new viewpoints may arise toward national issues and problems, because of the weighty balance favoring the white collar crowd. At least, this comprises a new description of a work force produced by our post-war economy that has created four new white collar jobs for each blue collar and farm job lost through technology. Jobs To Spare With labor such a scarce com modity in the more highly special ized fields, many such jobs are go ing begging. The rapid increases in salaries also reflect the demand for skilled white collar workers. Just since 1955, average salaries for general nurses have gone up 40 per cent, public school teachers 45 per cent, and clerical workers 35 per cent. Unfortunately, not many unemployed coal miners and steel workers can fit into such jobs, nor can retraining make white collar men out of them. It is notable that in industries employing large numbers of blue collar workers, the ration of white to blue is now favoring the white. In chemicals and petroleum, for example, which in 1947 had fewer than 25 per cent white collar per sonnel, the proportion is now 40 per cent. Rubber companies are now hiring one white-colar worker for each three blue collar worker and so does the transportation equipment industry, including au tomobiles. Their 1947 rate was less than one in five. Jobs And Automation Apparently we are not yet ap proaching the period when auto mation will give, if it ever does, extended if not permanent vaca tions to all of us. Other reports in dicate that many jobs involving automation and computers are al most everywhere available. These jobs may not increase in every in dustry quite as rapidly once auto mation is achieved. But right now the dull, monotonous jobs are be ing eliminated by the computers. As this is done, there will be con tinual upgrading of personnel and clerical workers who have superior ability. At present, many employers say they are hiring more people be cause of automation. This has been reported by Aetna Life In surance as well as Bell Telephone system. The latter, although it has 6000 fewer operators than it had after the war, has increased its total work force by more than 250, 000. One of the major automobile makers reports that its white collar ranks have increased des pite extensive use being made of computers. Rely On Freedom It is unfortunate that anyone should belong to the ranks of the jobless. And it is too bad that re training will not make many elec tronics experts out of coal miners. But their children, as well as other youngsters with a flair for math ematics and some reasoning abil ity that leads to problem solving, will have many opportunities. Au tomation has not yet led to the brink of disaster. The forward looking are saying these develop ments will, in time, lead to en tirely new challenges that are barely dreamed of today. Does all this look like the Am erican economy has failed, operat ing as it has been largely in the freedom of private hands? Hard ly. We cannot cast aside the tra ditional patterns of freedom that have enjoyed such a large meas ure of success. We should not be come a nation dedicated to social istic planning and ownership sim ply because readjustments of jobs to people and people to jobs look difficult. Government spending is hardly the proper route to perm anent jobs and sound economy. Let’s keep on trying freedom of enterprise, while we up-grade our skills! * — Mrs. Lessie B. Wood, Newberry. Tried it yet? Seal Gloss acrylic finish for vinyl and other floors. It’s terrific. Whitaker Floor Cov erings. Recent Marriages David Boyd Parr of Newberry and Margaret Ravenel Ervin, of Florence, were married on July 9 at Florence by Rev. W. G. Fos ter. Billye L. West of Newberry and Peggie Ann Smith of Cameron, were married by Rev. W. Ray Ar- ant at Cameron on June 30. Kenneth William Avery of Pittsburg, Pa., and Marian Sing leton Harrison of Newberry were married on July 7 at Newberry by Rev. Raymond Timmons. FARM NOTES . . . (Continued from page 2) ness. We were told that recently the State of New Mexico had been through a milk-price war such as the one we have underway in South Carolina. The price war is now over we understand. The result ? All small dairy farmers were now out of business, those still in business are operating un der Federal Milk Marketing or ders, the milk supply is coming from outside the State and finally —consumers are now paying more for milk than they were before the whole thing started several months ago. It seems we should be able to learn from the exper ience and consequences for our selves. But the point we are trying to make here is that every dairy farmer should belong to a produ cer’s association. No longer can we let the other fellow do it. We must everyone contribute toward solving this and other problems that will arise in this business of dairy farming. Unless we do, we cannot expect a continued satis factory market for our product. See aboutjoining today. SOMETHING TO CONSIDER In care you’ve been complain ing about too much rain recently, thought you would like to know about this. Some of our kin from Virginia were here for a visit this week. Things are so dry in that area that farmers are out of feed, pastures and hay crops have fail ed completely and some livestock men are being forced to sell their cattle. As we’ve said a number of times, it’s always better to have to live with rain than without it. In fact, aren’t we beginning to need another shower? CORN’S A-GROWING Corn perhaps more than any thing else has responded to recent rains with almost unbelievable growth. We thought year before last was about the best corn year ever seen in these parts. Now it looks as if this year might be even better. Take the Smith Brothers, Clif ford and I. M., up in the Bush River section of the county. For the last half-mile on the Bush River road before you come to the county line, I. Ms corn towers on the left side of the road and “Cliff’s” seems to be trying to out do it on the right side. If we get a couple of rains, you may have to drive this stretch of road with your headlights on in the daytime! Newberry is a livestock county. It’s always good to consider the prospects of full haylofts and full silos and corn cribs. Means our livestock will fare well this win ter and just maybe our farmers will make a little profit from their livestock operations. 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M. to 4 P. M. . " .'i -- .- r . • _ * r • w ' * MONDAYS through FRIDAYS and from 7 A. M. to 11 A. M. Saturdays Special dumping permits may be obtained by contacting the Street Department, located on _ i Power House Alley, prior to 11 A. M. Satur days.