Historical Newspapers of South Carolina

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The Newberry Sun, Newberry, S. C., Thursday, Dec. 28, 1967—PAGE 3 BABSONS FORECAST (Continued from page 1) high-quality (only) bonds of long maturity—both taxable and non-taxable—should pro* vide excellent long-range in vestment opportunities for those seeking income during the first half-year. 38. If we are correct in the above assumption, we cannot be far wrong in predicting tha the better electric-utility com mon stocks may also prove to be outstanding purchases for long-term growth. 39. Among the “old aristoc racy of the blue chips” there are a number of industrial areas that have been pounded down in price to a point where real solid substance is clearly visible. One such group is the chemicals. The old-line major companies here—one that en joy a great bull market in the 1950’s—may be in a buying range during 1968. 40. Still not among today’s much-sought after “perform ance” stocks . . the big mul tiple-risk insurance concerns represent another type of equity investment that could well afford high opportunity over an extended period of time to those who have the courage and foresight to pick them up when they have few friends. And they may have more “glamor” than many think . . as they are showing a develop ing trend toward “conglomer ating.” 41. Another group that could reach long-term buying levels next year is banks. Al though their profits are up now, they have not been pop ular. The reason: Every period of money squeeze raises doubts as to the degree of “wringing out” that bond portfolios and loans will have to take when money passes its crisis. That time may come in 1968. 42. High money rates have raised havoc with the prices of many of the large finance com pany stocks listed on the N. Y. Stock Exchange. Some of these have broad holdings in other lines; yet they are selling close to their “cellar” lows: When money rates froth up and crest over next year—as we predict— a good investment opportunity will be presented in this group. 43. It seems almost a fore gone certainty that auto pro duction will soar . . . When th ; strike-struck plants finally ge ; back to work. For a while the. there might develop a specula r i Dr. George S. Benson President tk NATIONAL EDUCATION PROGRAM Searcy, Arkansas i PENTAGON “PEACE MARCH’’ A COMMUNIST VICTORY World Communism, with its continuing determination to destroy the United States and conquer the world, achieved one of its biggest propaganda victories on Saturday, October 21, at the Lincoln Memorial and the Pentagon in Washing ton. Our National Education Program staff covered the “Peace Rally’’ at the Lincoln Memorial and the “Peace March’’ as it stormed the Pentagon. It was a frightening, disgraceful and evil spectacle organized and directed by Communists. But this was not the picture that much of the press — via TV, radio, wire services and special report age — beamed to the U. S. and the rest of the world. We decided to make a motion picture record, and with staff coverage, document the true nature of the “march” and its leadership. Widely ad vertised as a national “demon stration to end the war in Vietnam,” it was actually a skillful Communist operation, a propaganda device to give great prestige to the movement clamoring for U. S. withdrawal from Vietnam in a manner as suring utter capitulation to the Red enemy. Communist North Vietnam flags were brazenly hoisted by members of the well-disciplined vanguard which assaulted the Mall Entrance of the Pentagon. As TV and movie cameras ground out the scenes to be shown throughout the world, the grim assault cadres of well- trained men, followed by hun dreds of emotionally-encited “hippies” and “peaceniks” were repulsed amidst flying night-sticks of Army MP’s and the crashing gun-butts of para troopers. The Communist pur pose was to depict an outpour ing of innocent, respectable peace-lovers (“Doves”) repre sentative of a nation-wide cla mor for U.S. withdrawal from Vietnam, being beaten down bloodily by a sadistic military dictatorship. Regardless of what you, the readers of this column, may have read in the press or viewed on TV, the facts, gatherd at first hand on the scene of the rally and march, are as follows: Approximately 5,000 people gathered at the Memorial and along the turfed aprons of the great Reflecting Pool fronting it. Many of their banners were profane, obscene, unprintable. Possibly 5,000 were decent, patriotic citizens who abhor war, including curious teen agers from the Washington area who came to watch and then marched with the others to the sprawling North Parking Lot at the Pentagon’s Mall entrance, not agitating for or expecting violence Additional Facts The other 45,000 included at least 35,000 “beatniks”, “hip pies”, and “peaceniks”, vul garly clad, profanely vocal against the U. S. government, militantly ready to act upon the emotional encitations that grew in volume and shrillness as the mobs approached the Pentagon Mall entrance — led by their own coldly dedicated cadres of “marshals” who con trolled the mob. From beginning to end, it was an unrestrained public spectacle of obscenity and im morality, an incredible chal lenge to all rules of moral con duct. Approximately 50 men, white and black, formed the van guard for the assault. Obvious ly, they were carrying out well- laid and well-rehearsed plans. The plan called for these “civil disobedience” leaders to make first bloody contact with the MP’s and troops guarding the Pentagon, followed closely by surging mobs of the “peace niks” and “hippies” who had been encited to riot by loud speaker exhortations blarring from platforms hastily set up at the Pentagon steps. We heard the exhortations. We saw the “hippies” and their “peace nik” pals, male and female, rush in behind the vanguard cadres and advance on the MP’s and Federal Marshals, spitting in their faces, reviling them with obscene profanity, and, yes, attacking the militia and getting their heads bloodied ... a propaganda victory for Ho Chi Minh and World Communism of incalcu- able value. The front man for the mam moth operation was David Dellinger, chairman of the “National Mobilization Com mittee to End the War in Viet nam”. The New York Times and other newspapers pictured Dellinger, a New Yorker, as a lifelong “pacifist” and a pre sent day “cool critic of war”. But the Washington Star of Friday, just before the Satur day march, declined to butter- up the Yale-educated 52-year- old radical. It said that (at a time when he apparently did not know he was to be selected to lead the march on Washing ton) he had described himself as a “non-Soviet type Commu nist.” We Are Pleased To Announce Our Semi-Annual Dividend Payable As of December 29, 1967 AT OUR CURRENT RATE of r-T» Per Annum Each account is insured up to $15,000.00 By the Federal Savings & Loan Insurance Corporation Member Federal Home Loan Bank Building and Loan Association Mm ffei m m m Is! I t?' ^5. m t ' : ip m m IP ‘yfrS-- n rag urn# 1117 BOYCE STREET DIAL 276-56M wfc. Nv. A ' a V VK A >A* ".- i Newberry, South Carolina OFFICERS, DIRECTORS AND STAFF R. B. BAKER, President THOMAS H. POPE PINCKNEY N. ABRAMS, Executive R. AUBREY HARLEY Vice-President and Secretary LOUIS C. FLOYD MRS. DORIS S. SETZLER, Treasurer MRS. AL1ENE A. REEVES, Bookkeeper MRS. SHIRLEY M. LIVINGSTON, Teller MRS. CAROLYN A. SLIGH, Teller