Newspapers / The Chowan Herald (Edenton, … / Oct. 9, 1958, edition 1 / Page 11
Part of The Chowan Herald (Edenton, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
The National Outlook 1 Continuing Problems Os Small Business I By Ralph Robey I Small business problems have | had top billing for many months in Washington. Some of the con-1 cern has been political. There ( are, however, some real problems: facing small business and the Congress did try to help solve ( them. Congress made the Small Busi-j ness Administration a permanent' agency and also passed a law making it possible for groups to be -established, with government aid, for providing equity capital or loans to small business. It liberalized the depreciation charg es which a small business may make and, in the case of closely held organizations, provided that; estate taxes may be spread over a period of years. There also is a j law which makes it possible for a partnership to pay taxes as a corporation and vice versa, if it is so desired. Now what are the problems of 4 small business? Fundamentally the problems of all sizes of business are the same) —obtaining adequate capital,' profits, research, and labor. But there is a significant difference in the impact of these problems upon organizations of various sizes. On the question of obtaining adequate capital, some of the best! credit risks are small businesses, j but they do not have the same; entry to the capital markets as 1 medium or" large business. One of the reasons is that it costs al most as much to make the under writing investigation for a hun dred thousand dollars as it does for a million or ten million dol-j lars. A company which wants only a i mqdest amount of capital finds the charge much larger percent-] age-wise than a company which wants a large amount. In fact,] the charge may be prohibitive to' the small concern, and yet there) may be no other source of funds! available. On sales the difference is that small business cannot put on the same kind of campaign that a large unit is capable of conduct ing. This is not necessarily a dis * advantage, because large sales campaigns are not always success ful. The small business, however, may well feel this is an operation al handicap. | < On profits the difference is not j too clear cut. At times large units) are the most profitable, at other| times the most profitable are the IT’S NO S SECRET! S 9 1 HEVROLET new again! newest again! j • new grace • new feel • new space MEW ’59 Trucks too! OCT. 16 ACE YOUR ORDER NOW! George Chevrolet Co., Inc. 1100 N. BROAD ST. PHONE 2138 EDENTON, N. C. No. 669 Knocked Ou^ l‘. Kwa Cw* OH Fitter can be pot oat <4 commission by gummy sludge and grit When that hap, pens, ofl contamination increases and so does engirt* I; wear / For fuß protection.and top perfbaaaiice...)ot 00 |_V check and service your oil filer todays . J.CPAItKS I small units, and- at still other j times it is the medium sized units I which make the greatest profits. I This variation depends upon a host of factors: the general eco nomic situation, efficiency of pro i duction, wages, marketing pro | cedures, and so forth. , | In the case of research small is ; at a definite disadvantage, except for the fact that there now are numerous organizations which carry on research for businesses which can afford to pay for it and i which do not choose to undertake jit themselves. The difference, ] therefore, is not so great as one j might assume as between big and j little business, because not all re search pays or guarantees pro fits. On labor the issue is both good and bad. Those industries which are characterized by large produc ing units are the same industries in which the capital invested per worker is large. This means that the labor portion of their cost of ! production tends to be lower. When these large business indus tries make a labor contract pro viding for a wage increase, the I raise is less important for the | company than it is for the small , business in which labor is a larg-' 'er proportion of its cost of pro duction. The small company, 1 j therefore, is hurt much worse than the large company. On the other hand the small company, as a class, is less likely to be under the domination of an all-powerful union leader. It may i be better able to resist wage in j creases’than a large company. I Is there anything that could be | done which would be of genuine I benefit to small business? There | are two things. F.rst would be j the enactment of a real labor bill i—a bill which would eliminate , the monopoly power of labor un don officials. The second would .be income tax rate reform. Most I small businesses are un-incorpor ated and hence have to pay taxes as individuals. If we had some basic reform of the rate structure, there would be more capital avail able, and there also would be | more incentive to invest —invest in small and growing businesses, j Such labor and tax legislation l would also be good for the nation | jas a whole. Special attempts to help small business, such as pass-' ]ed by the last Congress, will j prove largely futile, and next year we shall probably hear about 1 THE CHOWAN HERALD. EDEHTOR. NORTH CAROLINA. THURSDAY OCTOBER 9, 1958. as much of the small business I problem as we did this past year. SUNLAY SCHOOL | LESSON | ” —' 1 ...... f 1 ~ Continued from Page 4—Section 2 searching for him, the child an swered: “How is it that ye sought me? Wist ye not that I must be about my Father’s business?” (Luke 2:19). Thus we see that Jesus, himself, saw himself not as a Messiah to the Jewish nation, but a Saviour to all mankind. When Jesus came into the world redemption took on a new dimen sion. It was for everyone, not just a chosen few. How can we forget the rebuke Jesus thrust out to those who felt spiritually secure when he said: “Those who are well have no need of a phy 7 sician, but those who are sick.” (Matthew 9:12). Both his words and his actions throughout his life constantly showed that his heart was filled w'ith love for all man kind. Jesus revealed God to all people—to the lowly as well as to the highest in the land. The essence of Christianity is that God became flesh in order that men may behold the glory and grace of God. It is through the Incarnation that God express ed himself. Jesus, through enter ing the flesh, proclaimed that God is among us, and that our bodies, • too, may become God’s living temples. The Word, in becoming flesh, pointed to the spark of di vinity in our own lives. We would do w-ell to pause and ask ourselves if our church is do- ] ing its share in witnessing for Christ. Are we holding fast to our sense of Christian fellow ship? Are we passionately con cerned, as a body of Christians, for the salvation and welfare of others? When Simeon said that Jesus would bring glory to Isra el, it was because Israel would help show the TRUTH to the Gentiles. Likewise in our own day the church’s sharing of our gospel with others brings to it the only lasting glory. No truth is more plain than this: Any Christian church that does not possess missionary concern is dis loyal to the gospel it proclaims We must, each one of us, be on , guard against indifference. We must remember that it was the ] passionate concern of one man, j William Carey, preaching in Eng ! land against the criminality of . supineness to the cause of God, that started the first missionary! ■' 1 For Free Inspection Coll "Otto" the Orkin Mon ORKIN EXTERMINATING CO., Inc. 3223 j WORLD'S LARGEST AUCTION SALE! CHURCH HILL FARM (Located Highway 32 Near Evans Church) Sat., Nov. 1,10 A. M. ON PREMISES 200 Acres - Approximately 60 Acres Cleared Two 2-Story Dwellings and Barns ALLOTMENTS 10 Acres Peanuts 6 Acres Cotton 1.34 Acres Tobacco * SALES AGENTS CAMPEN - SMITH, Auctions REAL ESTATE Dial 2412 or 2121 Edenton, N. C. Weekly Publisher Writes Book On Status of Indian A Kentucky weekly news paper publisher is the author of a book that exposes the sordid economic, social and political position of the American Indian after a long history of governmental con trol. He is Carlos B. Embry of Beaver ' title of his b| ! | tion Camps C. B. EMBRY —The Facts About Our Indi an Reservations Today (Mc- Kay’s, $3.50). Today’s reservation Indian remains under the guardian ship of Uncle Sam. He is an “incompetent” without effec tive control over his land or affairs, Mr. Embry says. As a result, he is ill fed, ill clad, ill housed—and illiterate. Widely reviewed, the book 3s having a definite impact on American thinking. It is “A newsman's provocative... challenge to the American conscience,” says The Chris tian Science Monitor. society, from when comes our 1 1 modern missionary movement, whereby we carry the love and • Concern of our Saviour to peo- j pies all over the world, bringing them hope —a precious com modity indeed, in these dark days ; when there are so many oppressed 1 and despairing peoples in this' world of ours. (These comments are based ' on outlines of the Internation al Sunday School Lessons, 1 copyrighted by the Interna- Conal Council of Religious j Education, and used by per mission). New Law Affects Peanut Farmers j Tar Heel peanut farmers are, advised of several changes that: will affect their operations be-1 ginning with the 1959 crop. Ir “Wisdom of the Ages” “Perfect I call Thy plan-. !KdL thanks that I was a wan. plete—l trust what Thou INTELLIGENC?~sbows iT self in a proper humility. A thoughtful reqard for the ROBERT BROWNING feelings of others denotes a real civilization. making the announcement, Zeno' O. Ratcliff, Jr., chairman of the Agricultural Stabilization and .Conservation State Committee, 1 ] explained that these changes! were brought about by new leg- j • islation passed by the 85th Con- j gress and recently approved by | the President. Under the new law the pro-! duction of peanuts on a farm for which no allotment is estab lished will no longer make the farm eligible for an allotment in the succeeding year. Such production under the new law’ shall not be considered as pea nut producing experience for jany producer on the farm. ! According to Ratcliff, another ] provision of the new law pro vides that production of one | acre or less of peanuts on a farm 1 without an allotment will not •incur a marketing quota penalty 'only when the persons to.share !in such peanuts do not share in | I the peanuts produced on any 'other farm. If the persons to ) share in the peanuts produced on a farm where the acreage is! one acre or less also share in j peanuts produced on any other ' farm the peanuts produced on i such farm, on acreage in excess jof their allotment, if any, shall! (be considered as excess peanuts .j and shall be subject to the mar-1 keting quota penalty: Ratcliff said, “it is the desire ! of the ASC folks in every pea 'nut producing county in the .'state that these changes in the 1 law. be thoroughly understood iby farmers in the county.” If peanut farmers have questions las to how these changes will 'affect their farming operations , they should contact their local ASC office before planting their | 1959 crop, he said. Planting Trees Is Source Os Ineome Under Soil Bank I I “Planting trees under the Soil , Bank may be a good idea on your : I farm.” says 11. V. Mangum. pro ! gram specialist for the State ASC ' office. I He points out that all crop or j tame hay land is eligible to be 1 placed in the conservation reserve, 1 and planted to trees. It is esti- I mated that the average land in nNorth Carolina will earn fivedol- lars or more per acre per year, | if planted and harvested for pulp wood at the end of twenty years, j “From $9 to Sl2 per acre per | year will be earned if you wish ] to grow' saw timber and thin for pulpwood,” says Mangum. "At j the end of the ten year rental pe-1 riod under the conservation re- ! serve program your trees should ' have a potential value of SSO or j more per acre.” ■ The average rental payment for! land placed under the conserva-* tion reserve in North Carolina is sl6 per acre per year. This av erage payment varies from county to county and may also vary with the productivity of the land, j Farmers who plant some of their | eligible land to trees , under the | conservation reserve program will ; also receive a cost share payment | of sl2 per acre which should cov- i era good part of the cost of plac-1 ing the trees on the land. Men or Women GOOD STEADY WEEKLY INCOME NO SELLING NO EXPERIENCE NECESSARY OPERATE FROM HOME Ht* I'larc and I.ma ll* All Display Cabinets l'raminnut Name Brand Product Os Waltham Watch Co. IN Kt SIN ESS SINCE 1850 SPARE OR FULL TIME hxcellent Wct'klj income servicing Waltham Counter Display Cabinets placet! in leading retail outlets in your area. .Must ha\e car—refer ences—five hours spare time vveek l\—minimum rash investment 81,111-1 protected by Invent. tv, ( jMi repur chase and li mins plan. W*• have excellent bank references. Write it nnct for local interview with eo*»»- Pin> executive, giving address and phone number. TIME INDUSTRIES 170. W est 74th St. New York *3, X. Y. new performance! teM MM M J : : : ;jf SiEGLER pours 4 times more heat over your floors for FULL HOUSE HEATING! The biff, furnace volume blower drives 4 TIMES MORE room air through the heart of the lire and out over your floors. You get furnace comfort in every room without costly pipes and registers to install. No more living in one room when tire temperature drops. Siegler is built to heat youi entire home! new economy Ordinary healers waste heat on the ceiling and out the chimney. Siegler. with the patented Inner Heat Tubes, captures this wasted heat and pours it over your floors. If you want the finest in comfort 1 and the lowest fuel bills, be sure the heater you buy has Inner Heat Tubes and a built-in Blower System. - i _ . new styling ' If you prefer modem furnishings, you’ll love the glamorous new ' contemporary styled Siegler Heaters. The smart cabinets are in * rich leathertone or golden suntan porcelain. Models in traditional d.esign are available in two-tone walnut and blond maple. see the Siegler soon! Quinn Furniture Company Edenton, N. C. SIEGLER GUARANTEES MORE HEAT , OVER YOUR FLOORS THAN EVER BEFOREI\ Samovar 100 PROOF VODKA !. it U.i; : ! Samovar i VODKA ~'»!* ■——mm i -sites ' mV 270 Q7O pint /J jj 0 4 /S« T - Ol STILLED FROM ORAIN. SCHENLEY DIST. CO.. N.Y. C. PAGE FIVE !—SECTION TWO
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 9, 1958, edition 1
11
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75