PAGE TWO
I—SECTION THREE
Cost Os Government And Its Impact
United States Revenues Last 10 Years
Dwarfed Preceding 159-Year Period
The Federal Govemrtient took
in about two-thirds- as much
again in budget receipts in the
last 10 years as it did in the En
tire preceding 159-year history of
the Republic, a period including
World War 11, the costliest war in
all history.
Despite this enormous harvest
of revenues, amounting in all to
well over half a trillion dollars,
the Federal budget wound up
substantially “in the red” for the
1948-57 period as a whole, and
with the public debt Within strik
ing distance of its all-time high.
Background of Prosperity
The disconcerting aspect of this
showing js that it occurred during
the greatest period of prosperity,
that the nation has ever known. I
Between 1947 and 1957, for exam-!
pie, the gross national product
rose by more than S2OO billions, or
87 per cent, and incomes and oth
er yardsticks of economic pro-1
gress showed equally striking;
pains. The fact that the Govern-j
ment spent more than it took in
under such conditipns is particu-1
larly disturbing since it is now
embarked on another period of
deficit spending for anti-recession,
purposes and to meet the Russian
threat in missiles and rocketry.
Here is the greatest challenge |
facing the American people on the
domestic front, one that trans- [
cends the current business ad- j
justment from the longer-run
point of view. Considering the
growth record of the American j
economy and the inherent dyna
mism it has displayed, the pres
ent downtrend is certain to prove
just another pause in the nation’s;
long-term economic expansion
and rising living standards, as has
been the case in the past. But j
the problem of inflation-breeding |
Government deficits is still to be
solved. As it is, the cost of liv
ing has risen by 28 per cent from
1947 to date, and there is no cer
tainty that it has stopped going
up.
A Harvest of Revenues
Figures compiled by the U. S.
Treasury Department on the an
nual finances of the Federal es
tablishment show that Govern
ment budget revenues added up
to $554 billions for the decade
which ended with the 1957 fiscal
year last June. Treasury data for
the entire preceding period, from
1789 through the 1947 fiscal year,
show total budget receipts of $332
billions for all those years taken
together. Thus the Government
tpok in $221 billions, or practical
ly two-thirds, more in the decade
WWch ended last June 30 than it
did in the whole preceding 159
years. These figures are bud
get revenues alone, and exclude
employment taxes involved in op
erations of.trust funds.
Federal budget expenditures,
also excluding trust funds, came
to a total of more than $564 bil
lions in the 1948-57 fiscal period,
according to the Treasury De
partment. The hostilities in Ko
rea and the cost of the cold war,
of course, are largely responsible
foi/the magnitude of these ex
penditures, but the last few years
have shown a significant growth
in nondefense spending as well,
particularly in such areas as in
terest on the public debt and ag
ricultural programs. Government
spending in the 1948-57 decade
was only about $23 billions lower
than the total for the period from
ACT NOW
AVOID
THE RUSH
THE TIMS
. IS RIGHT
Get Your
DEKALB
||>rid Sorghum
Leary Bros.
1789 through the 1947 fiscal year.
The figure here was $587 billions,
of which about half represented
the cost of World War II alone.
With six years of budget de
ficits in the period from fiscal
1948 through last June, aggregat
ing $2516 billions, and four years
of surpluses coming to just over
sls billions, the Federal budget
! ran a deficit of slo*6 billions for
the decade as a whole. As a re
sult, the public debt stood at over
$270 billions at the end of the
1957 fiscal year, only a few bil
lions under the highest level ever
reached at any comparable period
in the .past. On the same date a
decade earlier the public debt
stood at $258 billions. With Fed
eral spending headed higher and
budget receipts feeling the impact
of economic'conditions. Congress
recently boosted the $275 billion
public debt limit by $5 billions.
The 1958-59 Prospects
The most recent estimates on
Government budget revenues and
expenditures for the 1958 and
1959 fiscal years show a substan
tially higher average in both cases
than in the preceding decade.
The two years taken together
were expected to balance out at
about $147 billions of budget rev
enues and expenditures, but this
anticipation is unlikely to be rea
lized in view of domestic and in
ternational conditions.
Reflecting the high cost of de
fense in a troubled world, nation
al security outlays for the decade
which ended last June added up
to $334 billions, or some S4O bil
lions more than total military
outlays for World War 11. Inter
est on the public debt for the
decade aggregated just under $62
billions, and all other budget ex
penditures came to almost $l7O
billions.
The individual income tax has
become bv far the biggest single
source of Government receipts,
and is currently contributing
about half of all budget revenues.
* ...
INSPECTOR This big-eyed
young lady inspects the latest
electronic marvel to rival the
transistor. As big as a peanut,
it’s called the silcon-controlled
rectifier. Manufactured at the
General Electric plant in Clyde,
N.Y., its principal use is to con
trol the flow of electric current. 1
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» THE NEW WORKALL ROTARY CULTIVATOR NO. 499
A : ; -
T his is the latest design in a Rotary Cultivator —two years’ advance . . . No other Rotary Cultivator
will work crop ac large.
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This machine has one wheel (wheel has bronze bushing),.one main drive shaft only, no grease bearings.
Cultivate top of row before planting, especially if land is hard.
t Spikes are longer so that the plants can be worked much larger in season. Plants will thrive much
faster where soil is beat up fine. ' '
i N. These Cultivators aje f.o.b. Plant. See one of these machines at Byrum Implement & Truck Company.
, CAUTION! No Cultivator should be run with dogs over V/ 2 inch® to 2% inches deep.
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1 Nixon Manufacturing Company
■X"' Manufacturers of Farm Machinery
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THE CHOW AW HERALD, EDENTON, NORTH CAROLINA, THURSDAY MAT », 1151.
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TEAK TIME Mrs. Helene
Feldman of Santurce, Puerto
Rico, models a dress in Chicago
that won’t appeal to moths but
may be bothered by termites.
It’s made entirely out of teak
wood and prima vera. The dress
and hat are made by a new
process developed by Mrs. Feld
man’s husband, David. It gives
wood veneers the durability of
metal and flexibility of fabric.
Three Edenton Boys
Now At Fort Jackson
Private Thomas E. Haste, Jr.,
son of Mr. and Mrs. Thomas E.
Haste, Sr.; Private Stephen F.
Hicks, Jr., son of Mr, and Mrs.
S. F. Hicks, and Private William
B. Gardner, son of Mrs. W. H.
Gardner, have been assigned to
Co. B, 4th Bn., Ist Training
Regiment at Fort Jackson for ba
sic infantry training.
Upon their arrival at Fort Jack
s6n, they were initially assigned
to the U. S. Army Personnel Cen
ter where they were issued cloth
ing, given a complete physical ex
amination and a comprehensive
battery of aptitude tests to deter
mine the Army duty assignment
for which he will be best fitted.
During their basic training they
will be taught to fire the M-l
rifle. Also included in the train
ing will be instruction in such
subjects as military courtesy,
first aid and personal hygiene.
Upon completion of their basic
training, they will receive further
advanced infantry training or will
be assigned to an Army school.
Fort Jackson offers schooling in
several specialties associated with
an Army division.
Fort Jackson is one of the coun
try’s largest Infantry training
Centers and also conducts a pro
gram of training for men under
the provisions of the Reserve
Forces Act of 1955.
AT TRAINING PROGRAM
Joseph M. Thorud, representa
tive of Nationwide Insurance in
Edenton, was one of 55 agents
attending the training program
conducted by his companies at
the Goldsboro Hotel, Goldsboro,
May 13 and 14.
Thorud qualified to attend
this program, which is designed
to help him render better ser-,
vice to his policyhoders. This
program was one of a series of
training courses held periodical
ly by the companies.
Cotton WeOk May 19-24
Governor Luther H. Hodges signing proclamation designat
ing the weak of May 19-24 as Cotton Week ife North Carolina.
Present with the Governor as he signs the proclamation are
two officials of the North Caro’ina Cotton Promotion Associa
tion, Wiley J. Long of Roanoke Rapids, president, and F. H.
Heidelberg, executive vice president.
TATE COLLEGE
ANSWERS
TIMELY FARM OUESTIONS
Question: How long should I
continue blue mold treatments in
my tobacco plant beds?
Answer: Treatments should
begin when the plants are about
the size of a dime, or a little
smaller, and continued until
transplanting is completed. Ap
ply two treatments each week
and keep plants covered. If it
rains, a third application may
be needed. Any of the fungi
cides containing ferbam, zineb or
rn.aneb are effective when used
as either a' spray or a dust.
Question: What are North
Carolina’s 10 most poisonous
plants, as far as livestock is con
cerned?
Answer: We have thousands
of kinds of flowering plants in
North Carolina but only about
50 to 60 are poisonous. Os these
only 10 appear to be responsible
tor most of the losses. Here are
the common names of the cul
prits: White snaqeroot, lamb
lilmia, mountain-laurel, black
cherry, common chokecherry,
spotted waterhemlock, Carolina
jessamine, yellow buckeye, crow
poison, and pink deathcamas.
Prevention in the case of live
stock poisoning is easier than the
cure. Cattle usually will not eat
more poisonous plants when pa
latable forage is provided.
Question: Is there any way
$ ' * v #||g
f
to get rid of Bermuda grass in
my flower and vegetable garden?
Answer: Yes. You can. do it
the hard way—by digging. Or
you can do it the easy way—by
chemicals. It’s a good idea to
get rid of the grass before plant
ing flowers or vegetables. Re
move the grass by treating the
bed with methyl bromide, by re
moving all roots by hand or by
treating the area with soil steril
r.nt such as “Atlacide,” “T.C.A.,”
or “Dalapon.” (If soil sterilant
is used, you’ll have to wait sev
eral weeks or months before
planting in the area).
Question: How can I keep my
soil from becoming packed like
concrete?
Answer: Here are three sug
gestions made by an agronomy
specialist: (1) Don’t put machin
ery into the field when the soil
is wet, (2) develop a minimum
tilling system (in other words
tilling the soil as little as possi
ble), and (3) rotate soil with pas
ture or grass crops or green ma
nure crops. Ask your county
farm agent for advice on this
problem.
Question: How can I get rid
of Bermuda grass in my garden
plot?
Answer: You can remove the
grass by treating the bed with
methyl bromide, by removing all
Vdte For
Ernest White, Jr.
—for
CLERK
—of
Superior Court
—of
Chowan County
Subject To Democratic
Primary Election
May 31,1958
YOUR SUPPORT WILL BE
GREATLY APPRECrATEE
When Spring cleaning time
rolls around, it’s a wise woman
who remembers that one of the
most important places to start
her work is in the kitchen. How
ever. one consolation to the busy
homemaker as she tackles this
annual chore is the fact that
most modern kitchen appliances
are finished with porcelain en- 1
amel, a glass-hard coating that
is odorproof, burnproof, scratch
resistant and—best of all—easy
to clean. This young lady has
discovered that defrosting and
cleaning the inside of her refri
gerator is a simple job because
the liner and hydrator paha are
made of this durable material,
and spilled foods and stains wipe
up in a jiffy with just soap and
water. Ranges, sinks, ovens, dish
washer interiors, as well as many
cooking accessories and small ap
pliances. are just a few of the
household necessities that are
virtually coated with glass for
.permanent, non-fade color and
!iong wear. Whether it’s a once
a-year chore or everyday clean
ling job, the advantages of porce
jlain enamel are a boon to tlje
busy, modern homemaker./'^.
roots by hand, or by treating the
area with soil sterilant such as
“Atlacide,” “T.C.A.,” or “Dala
pon.” If you use soil sterilant,
you’ll have to wait several weeks
before planting. Once all Ber
muda grass is removed, chemi
cals can be used around the gar
den and along the borders to
keep the grass from re-entering.
If it creeps back into the gar
den, however, it’ll have to be re
moved by hand.
Question: What is the best
way to control alfalfa weevils?
Answer: Control centers around
the use of heptachlor, either as a
dust or spray. It takes 10 to
15 pounds of a 2.5 pet cent dust
or one pint of a 25 per cent
emulsifiable concentrate in water
per acre according to the capa
city of spray equipment used.
Heptachlor may be used up to
one week prior to cutting.
Philanthropy is almost the
only virtue which is sufficiently
appreciated by mankind.
—Henry David Thoreau.
6 YEARS OLD
Gletunote
KENTUCKY STRAIGHT
BOURBON Ipll 86 PROOF
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choWan «d club meets
The Chowan Home Demon
stration. Club met Monday after
noon, May 12, at 3 o’clock. Mrs.,
E. N. Elliott was in charge of
planning a rhenu for the Ruritan *
supper to' be served Monday,
May '26, and each decided what,
to furnish. All members were
asked to be at the club house j
by 4 o’clock so that supper will I
be ready by 7 or 7:30 o’clock.
Mrs. Roland Evans, Mrs. E. N.
Elliott and Mrs. Bob Hollowell
presented a radio program May
7, the subject being National |
***• - - ?—-ti.
g>®®®®®®®®®®®®s
«CH
'
FT
INTY
"S ✓
l am a candidate for re-election to the
office of Sheriff of Chowan County. It
has been impossible for me to personally
contact all of the voters of the County, so
that I am, through this means, soliciting
the support of all the voters in the County.
I- will greatly appreciate ‘any votes and
support the vdters will favor me with in
the Democratic Primary Election on Sat
urday, May 31st.
Home Demonstration Week and
also madj£' honorable mention to
the Leader, Mrs. Corprew
on the dancer drive .on May 7.
Five members went on the tour ,
of homes in ihe county agd tea
at Joseph Hewes Hotel. Mrs.
Roland Evans attended the Com
missioners’ luncheon and Mrs. E.
N. Elliott was on the planning ,
committee for a fine meal.
Mrs. Roland Evans also at
tended the UN meeting at Pul
len Memorial Baptist Church in
Raleigh on May 12.
( Hostess for the meeting was
Mrs. J. H. AsbelL