t—SECTION TWO
PAGE TWO
The National Outlook
Andersen On The Business Trend
By' Ralph Robe*
Robert B. Anderson, Secretary
of the Treasury, is one of the
most highly regarded men in
this administration. He original
ly was a southern Democrat, and
a few years ago he shifted to,
the Republican Party. But he
is not a politician, and he does i
not let politics influence his,
judgment. When he speaks of]
the business trend, therefore, it
deserves attention. This is true j
even if one can not agree with
him.
A few days ago Mr. Ander-'
son gave his views on the busi
ness outlook in an address at
the annual meeting of the
Board of Governors of the so
called World Bank and the In
ternational Monetary Fund. His
conclusion was: “While judg
ments of reasonable men can
differ, it is my strong view
that the outlook for economic
activity in this country is favor
able, both for the near future
and for many years ahead.”
That is a strong statement —
the strongest that has been
made by any top administration
spokesman. Fortunately he went
ahead to explain why he is so
optimistic, so there is a basis for
• HELPFUL INVESTMENT SERVICES
* APPRAISALS....QUOTATIONS.... §j|
SECURITIES ANALYSIS....FRIENDLY GUIDANCE M
Coll ovr Representative in this Area jig j
Carolina Securities M- w jJ rren ||
Corporation 1
" OW/Wf faSecurty (jffiSC ' PHONE 2466’ Ig
Members Midwest Stoclc Exchange
CHAtLOTTI • RALEIGH • NIW YORK CITY
■fleEEEHiniflg
You have every right to expect the best
when it comes to insurance service
and you may be certain that it's our
business to see that you get it.
R. ELTON FOREHAND
407 S. Broad St.—PHONE 3314—Edenton, N. C.
NOTICE!
To Chowan County
TAXPAYERS
The Tax Books for the year 1960 are
now in my hands for the collection of
taxes. We urge you to pay your taxes
now and avoid the penalty which will
begin on February 1.
A PENALTY OF 1% WILL BE ADDED ON 1960
TAXES NOT PAID BEFORE FEBRUARY 2. AN
OTHER 1% WILL BE ADDED MARCH 2 AND AN
ADDITIONAL V 2 OF .1% WILL BE PADDED FOR
EACH ADDITIONAL MONTH TAXES ARE UNPAID.
EARL GOODWIN
SHERIFF OF CHOWAN COUNTY
.Aje. f - Id r -A l^i• ~~ J ~ * afeSik*-
appraising his decision.
First, business is operating in
a new environment. This is
the elimination of the ’’recur
rent inflationary pressures”
which, he says, have been with
us for twenty years. This new;
environment, in his judgment,
has necessitated some funda
mental readjustments, and we
have been going through these.
Second, has been the behavior
of inventories. In the first quar
ter of this year inventories were
being accumulated at an annual
rate of over sll billion. Now
inventories are declining slight
ly, and this shift is largely the
explanation of the stability of
production while final demand
has been expanding.
Third, business investment in
plant and equipment continues
high, consumer buying plans are
being maintained, and govern
ment spending at all levels is
increasing.
Fourth, there has been a ma
jor easing in money rates and
the money supply has started
to increase. Effects of this
have been widespread. More
funds have been made avail
able for housing mortgages, and
THE CHOWAN KEHALD, EDEKTOW. NORTH CAROLINA, THuRgDAY, OCTOBER 13, 186(8.
state* and municipalities find it
easier to borrow for their needs.
Finally, our exports have been
increasing at a most encourag
ing rate. We still have a seri
ous deficit over-all in our inter
national account, but it is go
ing to be appreciably less than
in 1959, and there is much rea
son to assume it can be handled
without too much difficulty.
There is need, and the Secretary
emphasized this at length, for
other nations to carry a great
er part of the load of providing
help to the less-developed coun
tries, and he rather pointedly
mentioned Germany.
On the other side Secretary
Anderson said that unemploy
ment is “still troublesome and
aeserves continued attention,”
and he mentioned that steel pro
duction is still low in relation
to capacity.
All in all it was an excellent,
speech the Secretary made be-1
fore this most important inter-'
national audience. We he too
optimistic on the outlook for
business in this nation?
Several of the American econ
omists who heard the analysis
believe that he was overly op
timistic. There is no question
as to the accuracy of the facts
he cited, and many, of whom
we are one, agree with him that
he remainder of this year will
continue to be slightly on the 1
upgrade, and that this will re
main true until some time in
1961. The disagreement comes
on the projection for a rising
trend “for many years ahead,”
that is, on the pattern our eco
nomic system can make. From
time to time there has to be
some readjustment. The hope is
that these can be mind.
Jack Habit Awarded
Training Certificate
A certificate of achievement
has been awarded to Jack Habit,i
special representative in Eden
ton for the Jefferson Standard
Life Insurance Company, for
having completed the company’s
sales training school in life in
surance, held at the home office
in Greensboro October 3-8.
Mr. Habit was among 40 Jef
ferson Standard representatives
from 17 states, the District of
Columbia and Puerto Rico who
were invited to attend the school
because of their fine records
with the company.
“The school is designed to in
crease the representative’s abili
ty to give sound counsel on the
use of life insurance for individ
ual and family protection,” stat
ed Karl Ljung, vice president in
charge of agency operations for
the company.
“The company recognizes the
fact that sound vocational edu
cation and training broaden the
opportunities for the new agent
and help him to do a better job
tor his clients, his company and
himself,” Mr. Ljung stated.
Commissioners’ 1
Proceedings J
The Board of County Com
missknjfers held Jits regular
monthly meeting Moftttey, 'Octo
ber 3, 1960 at 9 A. M., with all
members present including W. E.
Bond, chairman, J. R. Peele, C.
J. Hollowell, J. Gilliam Wood
and Dallas Jethro, Jr.
The minutes of the previous
meeting were read &$d approv
ed and the following bills or
dered paid:
Superior Court Jury Fund.
$600.00; Mrs. Margaret S. Raper, |
court reporter, $126.60; Peoples
Bank & Trust Co., withholding
tax department, $691.07; State
Commission for the Blind,
$68.60; Holland & Warren, audi
tors, $772.50; Chowan County
Department of Agriculture, tem
porary loan, $100.00; J. L. Chest
nutt, Postmaster, postage for
Sheriffs office, $200.00; Peoples
Bank & Trust Co., school build
ing coupons and commissions,
due October 1, 1960, $3,508.75;
John F. White and G. E. Tillett,
services as court appointed at
torneys, $300.00; District Health
Dept., vital statistics, $28.00;
N. C. Dept, of Conservation &
Development, $124.02; Tom H.
Shepard, CSC, bills of cost, Sep
tember term Superior Court,
$867.70; H. S. Small, rent,
$55.00; William Mayo, janitor,
$2.50; Carolyn C. McMullan,
travel, $28.28; Norfolk & Caro-|
lina Tel. & Tel. Co., services for
Welfare Dept., $9.15; Edenton'
Postmaster, advance for postage,
$20.00; Edenton Office Supplv,|
office supplies, $3.87; Belk
Stores, $22.68; Bertram Byrum,
care of prisoners, $356.78; Pau
line Calloway, telephone services
and supplies, $29.60; Carolina
Overall Company, $3.20; Caro-j
lina Trailways, J. A. Wheeler,
agent, $5.72; The Chowan Her-|
aid, $44.75; Chowan Hospital,*
Inc., indigent patients, $173.04;
Dorothea Dix Hospital, $75.00; i
Eastern N. C. Sanatorium, for I
indigent patients, $33.60; Eden-j
ton Office Supply, $4.00; Eden
ton Ice Co., $25.83; Edenton Of-|
fice Supply, $10.37; Stanton Har- 1
rell, assisting in testing cattle,.
$85.00; W. D'. Holmes Wholesale
Grocery, $14.25; Hughes-Parker,
Hardware Co., $6.03; King Pho
to Supply Co., $41.41; Keystone
Envelope Co., $37.38; Mitchener’s
Pharmacy, $6.00; Mitchell Print-i
ing Co., $101.96; Earl Goodwin,,
Sheriff, bills and services,
$543.38; Norfolk & Carolina Tel.'
& Tel. Co., services for county,
offices: Register of Deeds $7.00,|
County Accountant $7.65, County
Jail $10.76, Clerk Superior Court
$17.65, Sheriff $11.35, Negro
County Farm Agent $11.50, U. S.|
Govt. Soil Conservation Service
$9.05; The Office Supply Store,*
90c; C. W. Overman, County
Agent, telephone service and
supplies, $27.75; Ralph E. Par
rish, Inc., $2.00; Ricks Laundry
& Cleaners, Inc., $9.55; Rose’s;
5-10-25 c Store. $4.90; Town of,
Edenton, E&W Dept., $111.12;
-Scheii leu
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B. Frank Twiddy, $65.00; Thurs
ton Motor Lines, Inc., $&50;
Woraell-Consolidated Laborator
ies, Inc., $96.39; Western Gas
Service, Inc., $21.00; general sal
aries for month of September,
$6,200.62.
On motion of J. R. Peele, sec
onded by C. J. Hollowell and
unanimously carried that J. Gil
liam Wood be given power and
authority to sign vouchers and
other documents in the- absence
of the chairman of the board.
On motion of Dallas Jethro,
Jr., seconded by J. Gilliam Wood
and unanimously carried that
Robert Bland Smith be appoint
ed to serve with the County
Centennial Committee to replace
Miss Elizabeth Moore who is un
able to serve.
On motion of C. J. Hollowell,
seconded by J. R. Peele, and
unanimously carried that Dr. L.
P. Williams be appointed coron
er to fill the unexpired term of
Hubert Williford, deceased.
On motion of J. Gilliam Wood,
duly seconded by J. R. Peele,
that a Resolution of Respect be
drawn up for the late Hubert
Williford, coroner; a copy to be
forwarded to the family, a copy
to be published in the newspaper
and a copy to be spread upon
the minutes.
On motion or Dallas Jethro,
Jr., seconded by J. Gilliam
Wood, and unanimously carried
that the Register of Deeds be
authorized to turn over to the
Sheriff the 1960 tax receipts for
collection. Amount, $247,921.97.
To the Sheriff of Chowan
County:
On motion of J. R. Peele, sec
onded by Dallas Jethro, Jr., and
unanimously carried, that you
are hereby authorized and em
powered and commanded to col
lect the taxes set forth in the|
tax books, filed in the office ofl
Register of Deeds and in the tax
receipts herewith delivered to
you in the amounts and from
the taypayers likewise therein
set forth, and such taxes are
hereby declared to be a first
lien on all real property of the
respective taxpayers in Chowan
County, and this order shall be
a full and sufficient authority to
direct, require and enable you
to levy on and sell any real or
personal property of such tax
payers for and on account there
of. in accordance with law.
Witness my hand and official
seal this 3rd day of October,
1960.
W. E. BOND, Chairman
Attest: Pertha B. Bunch,
Clerk
On motion of J. R. Peele, sec
onded by Dallas Jethro, Jr., and
unanimously carried' that Frank
Twiddy be paid $oo;0u accorunig,
to statement on file.
, On motion of J. Gilliam Wood,
seconded by Dallas Jethro, Jr., I
and unanimously carried that
$21.47 pickup- taxes be charged
to the Sheriff. j
On motion of J. R. Peele, sec-'
onded by J. Gilliam Wood, that
the chairman be authorized to
sign standard form of agree
ment between owner and archi-'
tect, pertaining to the County
office building. 1
On motion of J.-Gilliam Woqd, |
seconded by J- R. Peele and (
unanimously carried that the
chairman be authorized to re
new the insurance policies when
due on the Chowan County of-,
fice building.
On motion of C. J. Hollowell, |
seconded by J. Gilliam Wood,]
that jury fees be increased from]
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[ You Are Invited To The
i Grand Showing
[ OF THE NEW
! RAMBLERS
FOR 1961 i i
[ NOW ON DISPLAY AT OUR SHOWROOM
[ 1122 NORTH BROAD STREET
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■lwm.« immm A ml
IsßmmF mm ■:
pa—' ~ ' '
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I
,
) The 1961 Rambler Classic achieves a fine balance of line and form with new sculptured
j side styling. Other styling changes are noted in the hood lines, front fenders and bump
ers of one-piece design. Horsepower of the Rambler Classic Six, with new lightweight
I aluminum engine, is 127; the Classic V-8 is rated at 200 horsepower. Like all Rambler cars.i
the Classic series features single-unit construction for added safety and durability.
i- ■ , H;i
► . '
; m T ™ S ~~ aa. ' -
MPN t »!
Mgy ■
A four-door station wagon has been added to the newly styled Rambler American line
for 1961, along with a two-door convertible. Other models are two-door station wagons and
• two-door and four-door sedans. All are built on a wheelbase of 100 inches. Although the
1961 offerings look longer than past models they actually are 5.2 inches and three
inches narrower. .!J . 4 >
’ THURSDAY-FRIDAY AND SATURDAY
> FREE REFRESHMENTS “
.3! |
' Edenton Motor Co.
PlwneSm 1122 N. Broad St liientoß, N. C.
$4.00 to $6.00 per day.
The following reports were
accepted and ordered filed; C.
W. Overman, county agent; Pau
line Calloway, home economics
agent; Fletcher F. Lassiter, Ne
gro county agent; Onnie S.
Charlton. Negro home economics
agent; Sheriff; County Welfare
Dept.; marriage licenses issued
quarter ending September 30;
Grand Jury Report.
There being no further busi
ness the meeting was adjourned.
W. E. BOND, Chairman 1
BERTHA B. BTJNOH,
Plorlr
Mitchener’s Pharmacy
❖ —.
Will Close This
Friday Night
At 7:30 O’clock
Support Edenton Aces
* >
Football Team
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thousands of other Items at a fac
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Items brand new. For list, of tun
tlreds of U. S, Government Surplus
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overseas with pamphlet “How Gov
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plus procedures, HOW TO BUY
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mall $2.00 to SURPLUS SALES[IN
FORMATION SERVICES. P.O. Box
No. 1818, Washington 5. D. C.|