Newspapers / The Chowan Herald (Edenton, … / April 30, 1953, edition 1 / Page 3
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BUREAU OF BUDGETS ECONOMY HUNT RECALLS IKIMN AND PURPOSE The 32-year-old Bureau Os the Bud , get, under new direction and leader ship, has again become a national symbol of the original purpose for which it was created, economy and ef ficiency in Government. The Bureau is playing a key role on the current drive to cut all waste and extrava gance out of the Federal establish ment and to bring outgo into balance with income. The importance of the effort is heightened by the pressure to ease the record tax burden borne by the people and by business. The Admini. stration has urged that Federal fi nances be put on a sound basis and that a balanced budget be brought into SENOIX s i eq qR DItUMAIK WASHER I'loy l ' loy 5,0 SPECIAL LIMITED OFFER Kennan & Corey Plumbing Company 105 W. Eden St. Edenton, N. C. MR. FARMER: Let Us Vulcanize Your TRACTOR TIRES We Have New and Complete Equipment i vL. r ®^ BS> * ;,>, * **\ > r . '9m?l :v< wi lU^ f ■:••>:■- /J>*&.-.- > Jjg ' ■ '■'• ■ '•**■ > ■ ' ''• • v ~ ffiymfe : > JACKSON'S TIRE RECAPPING SERVICE USE. CHURCH ST. PHONE 361-W Thompson ■*■ BRAND . - ■ | ... i!?! a . w |ww Old Thompson is a blend iSfjffifi of Gienmore whiskies and UjHJj REMO WBJin, II I NOIf. TK STMIOT I WUMIUMIIU MWCT U£ fill THU tZZZMM M, M NIK ftl- V'A% SIMMT MSHES Jpg klSgSgSflgM -MPi%BUM«ai»ttJH«iit L 2 ~l p‘“pi^j sight before taxes are reduced. Background of Bureau The Bureau of the (Budget was established under the Budget and Ac counting Act of 1921 after years of agitation that some such Government agency, anchored in the powers of the President, be created to permit the Chief Executive to fulfill his bud get responsibility and to give the nation dependable budget machinery. Its first director was General Charles G. Dawes, later Vice-President under Calvin Coolidge. 'A decisive element in the passage of the law was the ex tent to which Federal expenditures had grown as the result of the (First ‘World War and the concern this m CHOWAN H&RJ-LD, EDENTON, N. C., THURSDAY APRIL 30, 1968. aroused in Congress and the nation at large. For 180 years before the (Bureau of i the Budget was created, the various departments of Government used to i estimate their needs and submilt them to the Treasury. There was no su perior review, as there is today, nor any real effort to consider over-all expenditures in connection with rev i enues. The Treasury merely passed ■ on the “book of estimates,” as it was ! called, to. Congress which has always ; controlled the nation’s purse strings. Necessity Becomes Urgency If economy was necessary in 1921, it is urgent today. The figures show s that ths Federal budget was in bal , ance in 1921 and, in fact, continued i so throughout the Twenties, permit • ting a big reduction in the public ; debt. Federal expenditures in 1921 • were $5.1 billions, a half billion dol i lars under net budget receipts of $5.6 t billions. The total gross public debt I in that year was $24 billions, or about $221 per capita, and interest on this debt came to about a billion dollars a year. Today the Federal Government is again running “in the red,” as it has in all but three years since 1930. For the fiscal year 1952, net budget ex penditures were $•66.1 billions and re ceipts $62.1 billions, leaving a deficit of $4 billions. A deficit half again as high is stdmated for the 1953 fiscal yedr which ends on June 30. As the result of 20 years of un balanced budgets, the gross public debt is now more than $267 billions, the equivalent of $1,700 for every wwrn, woman and child in the country. The interest cost alone on this debt ex ceeds $6 billions a year, in itself sub stanially more than the entire cost of Government in 1921 when the Bud get Bureau was established. Today’s Problems Three decades are a long time in a rapidly-changing world, and there are new problems that complicate the task of putting the nation’s financial house in order. The dominant factor now is the “cold war” and its financial and fiscal repercussions. Over 70 cents of every dollar in the present budget represents expenditures for major national security programs, with about 20 cents more consisting of such items as interest on the public debt, veterans’ benefits, and others {tayior theatre EDENTON, N. C. | Week Day Shows Continuous From 3:30 Saturday Continuous From 1:39 Sunday 2:15, 4:15 and 9:15 I o Thursday and Friday, April 30 - May 1— Rosemary Clooney and Lauritz Melchior in ‘THE STARS ARE SINGING” RUSSELL 'A. CHAPPELL Saturday, May 2 Jeff Chandler in “RED BALL EXPRESS” Sunday, Monday and Tuesday, May 3,4, 5 Doris Day and Gordon Macßea in “BY THE LIGHT OF THE SILVERY MOON” MISS TULLIIE MUTH Wednesday, Thursday, Friday, May 6,7, 8— Tyrone Power in “MISSISSIPPI GAMBLER” LEON IMALSEY EDEN THEATRE Friday and Saturday, May 1-2 ■ Double Feature Gregory Peck in “YELLOW SKY” Penny Singleton in “BLONDIE IN SOCIETY” HI-WAY 17 Drive-In Theatre EDENTON, N. C. o Friday and Saturday, May 1.2 — John Payne and Arlene Dahl in “CARIBBEAN” E. W. TOULEY rr -O Sunday, May 3 John Payne in ,*THE BLAZING FOREST” BEORBE T. WHITE o Monday and Tuesday, May 4-8— V ♦ Janies Cagney and Dan Dailey, in “WHAT PRICE GDORY” V. C. WARD Wednesday and Thursday, Barbara Stanwyck in “LADY OF BURLESQUE” WS*d in the *L) -V—— omm —l. : not subject to annual budget review. Another major factor in today’s situation is the great growth of Gov i emment itself and the extent it has » permeated the entire economic fabric i of the country. Expenditures «f the • Federal Government alone now rep • resent more than 20 cents of every l dollar of total national output, triple . the proportion of three decades ago. 1 Support of Public Vital } With all the need for economy, s neither the Bureau of the Budget nor the Administration as a whole can af fect any major reductions unless fully t supported by Congress and by the r public at large. This is as true today . as it was three decades ago when ISen -1 ator King of Utah, speaking during _ the Budget Act Debate, uttered the : following words:. L “We cannot have economy so long . as the American people demand that 5 Congress shall undertake the duties t of individuals and assume the re t sponsibilities of the States. We can -3 not have economy in this Federal Gov ■ I HOUSE FOR SAII 6-ROOM HOUSE t IN MORRIS CIRCLE s Garage, Floor Furnace, Hot Water Heater t CAMPEN-SMITH ' Auctions - Real Estate a Phones 141 and 8 EDENTON, N. C. I William . Penn Blended ' Whiskey Price 86 Proof THE STRAIGHT WHISKEYS IN THIS PROOOCT ARE 4 YEARS OR MORE OLD. 35 % STRAIGHT MMSKEY. 69% NEUTRAL SPIRITS, DtSTSU* FROM GRAIN. ENMHJUi I WITS UWTD, KMt. UMB wwwwvwvwww>a/ww>^wvwvwwwwvwwvwv>^^^^AA^^/V^A^AA^». I On Your FarmT» s X \ ——— Bp.aiSßaaa’iL ~!_j '1 You have dear, straight-ahead vision. You have " better control of your work. You have more use ful pull-power. See us for a Prove to Yourself I demonstration... on your farm. We furnish the you be the driver. Call us today. * Jb BfflUM IMPLEMENT&TRUCK CO. "YOUR INTERNATIONAL HARVESTER DEALER" Phodfe 299 «tooii,N.C. ■ ' '«»■""» -v ' ' • " ■ . I! »»' emment so long as the people believe that the Federal Government is the i guardian of their live s and the aulthor 1 of their fortunes and misfortunes, and by the creation of boards artd depart- i i ments and bureaus and commissions must take control of the business and ’ lives and activities of the people.” Ordinance Regarding Septic Tanks Explained Plumbers of (the Health District \ <>n Monday night meit in Elizabeth City to consider the recent septic tank or | dinanoe passed by the District Board of Health. The ordinance was ex ’ plained in detail by E. K. Eyer, sani -1 tary inspector and plumbers and gerfi * eral contractors were all in accord with the provisions. j : —-FOR I ■ I Councilman -At - Large | ¥ X x j»p* | . - x <f> % I'W&tMwt niiir- IRil % pPNi. j||S f J. EDWIN BUFFLAP 1 Due to my duties, it is impossible for me to personally see % all of my friends and acquaintances to solicit their votes for re- % election as Councilman-at-large in the Town election next Tues- J> day, May sth. I am, therefore, using this method to solicit your % vote and support to be returned in office. I My record as a member of Town Council will show that I T am interested in progress, that I have had no favorites in ad- f ministering the affairs of the Street Department, that I am in f favor of improvements so far as funds will permit, that I am not f influenced by any one or group of persons. % If elected, I intend to use my efforts for the best interest of t the Town as a whole. To this end I respectfully solicit your % vote and support in Tuesday’s election, for which I will, indeed, f be very grateful, t J. E. BUFFLAP You can farm better I WITH A MCCORMICK fl farmall Super C I O iiHTir" iiii ■ PAGE THREE in *" 1— ' nd-rn _ ISeptic tanks must be built (accord ing Jbo mihimum requirement* of the State Board of Health, but a permit must first be secured and an inspec tion made before using. ■■■■ "LET BEORBE OB IT" EBBI FOR SALE Komer Kupboard Restaurant. Equipment and Soda Fountain. Im mediate possession, ff. S. Highway 17 amd N. C. 32 Ideal Location Twiddy Insurance & Real Estate Co., Inc. PHONE 418
The Chowan Herald (Edenton, N.C.)
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April 30, 1953, edition 1
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