Newspapers / The Chowan Herald (Edenton, … / Oct. 29, 1959, edition 1 / Page 10
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PAGE TWO uJBBCnow TWO The National Outlook Solution Os Our Foreign Deficit j By Ralph Robey We are still selling more goods abroad than we are buying. This is known as the visible balance of trade, and it is “fav orable”. But, the invisible balance is highly unfavorable. The latter includes all loans, payments for services, interest, payments for military expenditures, foreign aid, investments, and everything except actual commodities. The deficit over-all, including botli visible and invisible items, now •is- running over $4 billion a year. $7.5 Billion Balance Most important in the invisible balange is military spending of some $3 billion a year, foreign aid of around $214 billion a year, and pfivata investment of about 's2 a year. Up to the present most of the deficit has been taken by the foreign creditors in the form of increased balances held in this country. Last year, it -is true, they pulled out $2.3 billion of gold, but this year the volume of gold exports has been at a much lower rate. One can not be sure, however, how long the foreign creditors will be willing to continue to accumulate Ameri ca balances, and since they al ready have over sls billion in cash or its equivalent, obviously they could cause us quite serious trouble should they lose confi dence in our financial policies or in the soundness of the dollar. Is there any real danger of such a development? There is no immediate danger, but there is no time for complacency. We must materially reduce the in ternational deficit and in time, bring our international balance of payments into at least ap proximate equilibrium. To accomplish this, certain YOU ARE INVITED TO SEE AND FUN-DRIVE THE NEW 1960 LARK NOW ON DISPLAY -- AT ~ J. & B. Motor Co. WEST QUEEN STREET PHONE 2202 EDENTON ITHERE’S only one so new (and IT’S ford) Tlm gfamorovs *» Goloxie Town Sedan. \\j New Wide-Tread Design keeps you level on k rrs BIGGER INSIDE AND MORE ' y THAN EVER BUILT FOR PEOPLE Talk about ca*y-chair comfort—Ford has it! You get inches more shoulder, hip and elbow room. And there’s no more “dogleg” in the doorway, so step m and out easy as .jpoupfcar- — COME SEE THE WONDER FUI NEW WORLD Os FCUUK AT AMERICA’S \HRST COMPLETE AUTOMOBILE DEALER’S —. ? •• « mvfimMtfontoof* Lifetime ~<ggr Tit* Nmw-tia ford Tsn Worid't Mott Wtnttd Car SEE YOUR LOCAL FORD DEALER jisjly-J?',. X. " ■ gUffetj.; J. zy- :~J ; , *. steps are necessary: 1. We must work unceasingly to get foreign nations to move closer toward removing all re strictions on the export of funds. That is, we must convince for eign governments of the neces sity of permitting American com panies operating in their coun tries to transfer earnings back here. Many nations already have gone far in this direction, but there still is much room for improvement. 2. We must overhaul our farm surplus disposal program and eliminate it as a contributing fac tor to our international deficit. This will mean a new domestic farm program. 3. We must sharnlv reduce the amount we are spending on mili tary and foreign aid abroad. This will take time and will be difficult. The Administration is generally believed to hold that this cannot he done. But Secre tary of the Treasury Anderson in his address before the Annual Board Meeting of the World Bank and International Monetary fund a few weeks ago intimated that such a reduction might become necessary. More recently Presi dent Eisenhower in his address at Abilene hinted at the same thine Both of these comments were extremely guarded, but they in dicate the Administration may be willing to consider some modifi cation in the present program. Encouraoe Private Foreign Investment 4. We must continue to en courage private foreign invest ment. To the extent this takes place, and granting earnings can be brought back home, this will relieve the potential pressure upon the dollar. Do we have time to carry out From’any Point of Viewrfrom every Point of Value, these are the Finest Fords of a Lifetime. Completely new in every square inch of sheet metal... completely new in passenger comfort.. completely new in handling ease and V-8 performance, 60FORDS TOT CHOWAN HfgftALP. gPIMTOW, WORTH CAROLINA, THUMP AY. OCTOBER 29, 1888. Engagement Announced ~^ ¥ 1 Miss Sheldon Jean Long of Hertford, N. C., is the daughter •of Mrs. Shelton Long of Hertford and the late Mr. Long. Her engagement to Mr. Charlie Thomas Whit ey, son of Mr. and Mrs. Ryland Whitley of Murfreesboro, N. C., is announced by her mother. The wedding will lake p lace on Dec mber 27. Miss Long was giatualed from Chowan Jun'ii College, <l - Meredith College, and is now a student at the Univer sity of North Carolina. She will continue her siudi s. Mr. Whitley was ajso graduated from Chowen Junior College and will be graduated from the University of Ncrth Carolina wi h a major in Mathematics in January of 1960. He is a member of the Pi Mu Epsilon Fraternity, a national Mathematical Hon or Society. these programs? The answer to ; that is, of course we have the j time—if we buckle down and go j to work. i„^=^==_ frankly Speaking By Frame Roberts Television is getting to be j quite a crazy affair. Now we find out that the quiz shows ’ are rehearsed and the court i room dramas go unrehearsed. While on the subject of tele vision ... a few left-over com ments on the new season. In addition to those we checked off last week we have since j been able to catch up on a few| more. “Manhunt,” starring Vic- j tor Jory, is still another Peter j j Gun type affair. Same obvious j ! plot,, same type musical back ! grounds. “Manhunt” does have! ian authentic San Diego back-' ground. “Twilight Zone,” cre-j ated by Rod Serling, has highly imaginative stories, and is thor oughly fasiinating. The great est thing on tee-vee of late,, though, was the Sinatra-Crosby-* Martin affair. They are three of the best, but it was still Si natra’s show. Marvelous enter tainer, great singer. Speaking of Sinatra, Columbia re-issued some of his oldies in an album called “Come Back to Sorrento,” • : You can j : countonus { • for dependable deliveries : • of cleaner burning • : TEXACO FUEL CHIEF j • Heating OH, # • You can count on us for on-time aenvery of fuel oil when you need J • it. And Texaco Fuel Chief Heating Oil is best for many reasons. • • CLEANEST BURNINGI Texaco Fuel Chief is the cleanest-buruing ofl you can] _ ® buy. It burns completely—no wasted fuel. SMOKELESS, ODORLESSI No disagreeable odor-no smoke to smudge walk g and curtains. ~ , _ NO DEPOSITS! .Won’t leave harmful deposits on burners-mvee repair bilk. g • UNIFORM QUAUTY! Ordinary fuel oils vary in quality from batch to batch. # 9 Texaco Fuel Chief is always the same -you get dependable, uniform fceoC. 1 % • / eo ■ ' DEPENDABLE DEUVBYI Yon can count en • 0 L. our on-time delivery service. Wa ‘HfAWk deliveries so you never run abort. / * % • CALI US TODAY-AND FORGET ABOUT YOUR HEATING PRQKEMSC iM&JV containing some of his most beautiful waxings. Latest news i concerning J. B„ is that some I guy came dashing out of a res- j ! taurant, 'bumped into our boy,| and nearly knocked him down.! j However, reports have it that he ! was exceedingly nice, quite po llite and said “I’m terribly sor ! ry,” three times. The gent in question was ole Ern. ' In case you care, Lawrence Welk and Alice Don have made uo. She' may even re-appear with him on a guest 9pot, just to prove it. i Did you ever see one of the more successful science-fiction movies of last season? I mean the one called “The Bleb.” It, and one as yet unreleased, en titled “The 4-D Man,” were both written by Theodore Simonson, a Methodist minister. Another show-b ; z death. This tqne, music publisher Loringj Buzzell. He was married to the farmer Lu Ann S ; mms, an ex-| Godfrey protege. He was 37. Latest from The New York Times concerns the fret that Greenwich Village in New York : s seething with tensions; that the traditional artistic center, is now the center for beatings, ma rauding, racketeering, gangster ism, vice. After careful inves t gation, a New York Times re porter decided that the cause was racial enmity. Anyway, it’ll keep ’em busy cleaning out their own backyard now, and perhaps they’ll have less time to spare for tellings the South how to live. As one who was raised in the North, I know, now, that r n’y bv bving in the South, cm anyone understand the vast dis ferencs, so fa>- as peop'e and problems and mix>ng and unmix ing are concerned. My grea* respect for both races holds (and at th s r>o : nt I go into the “good and-ljad-in-every body-regard less of-ra-e-creed-or-color,” idea) but a new understanding of the problems have developed, j Clobng with this frightening, but perhaps, true thought: “A woman is like your shadow; fol low her, she flies; fly from her, 1 she follows.” f Club Calendar \ ' »*! Monday, Nov. 2 —2:30 P. M.:j Advance at community building. I Tuesday, Nov. 3 —7:30 P. M.: Oak Grove at community build ing. I Wednesday, Nov. 4—2:3d P. M.: j Chowan Home Demonstration I Achievement Day at Chowan | community building. Mrs. John Elmer Wood, Jr., Route 3, Hert ford, speaker. Wednesday,, rrov. 4-—7:30. P. M.: Gum Pond at home of Mrs. Her man Nixon. Monday, Nov. 9—B P. M.: Yeo nim at home of Mrs. Tommy Thomas. Monday, Nov. 9—2:30 P. M.: Chowan at community building. Tuesday, Nov. 10—2:30 P. M.: Ryland at home of Mrs. Leroy Bunch. Tuesday, Nov. W—7:3o P. M-: Beech Fork at home of Mrs. I. E. Halsey, Jr. Wednesday, Nov. 11—2:30 P. M.: Wards at community build ing. Thursday, Nov. .12—7:30 P. M.: 1 Enterprise at home of Mrs. Wal | lace Goodwin. Tuesday, Nov. 17—7:30 P. M.: Center Hill at home of Mrs. Ralph Goodwin. Wednesday, Nov. 18—2:30 P. | Plant Now Lawn Grass Seed Special Evergreen Mixture Annual Rye Grass Creeping Fescue Carpet Grass White Dutch Clover Cover Crops Abruzzi Rye Atlas 66 Wheat Hairy Vetch Pasture Ladino Clover Certified Ky. 31 Fescue Garden Seeds Kale Turnips Radish Cabbage Seeds Onion Sets Collard Plants SEE US FOR YOUR SEED REQUIREMENTS! , New Seed Now In Stock E. L. Pearce SEEDSMAN PHONE 3839 EDENTON M.: Byrd at home of Mrs. Shel ton Moore. Tuesday, Nov. J14 —7:30 P. M.: Rocky Hock at home of Mrs. Dfavid Ober. CENTER HILL CLUB MEETS Center Hill Home Demonstra tion Club met Tuesday night, l October 20, at 7:30 o’clock in the I home of Mrs. T. E. Chappell and’ Mrs. Melba Dußois. Mrs. B. P. Monds, president, called the meeting to order by the group singing .“God of Our Fathers” followed by a devo tional and prayer. ! Reports of the concession at the County Fair were heard and all the members were pleased at the profits made. “Dress For the Occasion,” dem onstration for the month, was 5% New Car Loans Peoples Bank and Trust Co. ? Consumer Credit Branch 210 South Uroad Street EDEYI'OY Y C j Member K !). J, ( S' f P «• • * y RESERVE I SOSO PINT 5095 * J FIFTH jpg* sx* inn K I Wtk, m/ \ 1 1 ■ Whf r ffYVYA < > SI / f’M fiMpfr wSE I \ •.. m. Bil’nr""' ifwiiinriim f t « i I'.' It V- %*> «f, f •■B* * Js&r - u • jg, Ij *£-*4 - M ' JwiwMr riiPß: . • 1 *°***4'’■% ; Si, v ®e<iiy. A.-**'i |lijS *- ■ .»• mam- ■■ 111 .. 1 mi..' “i _ i 1 j «»:..;• I given by Miss- Pauline Calloway. llt was interesting to see how accessories can change one’s basic costume the correct dress for severs dfccasions. Mrs. Elliott Belch, house fur nishings leader, gave a' report on “Seven Rules For Viewing Tele -1 vision.” | Announcements were made, of J Achievement Day, November 4, I and the husbands’ supper, No vember 18, Everyone was urged to attend these meetings. Mrs. Chappell and Mrs. Du- Bois served delicious refresh ments .during the social hour. This is no time for ease and comfort. It is the time ,to dare and en dure. —Winston Churchill.
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 29, 1959, edition 1
10
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