Thursday, November 24, 1977
State Economy To Be Discussed
Gov. Jim Hunt will
sponsor a state-wide
brainstorming session on
North Carolina’s economy
January 9-11 when he holds
a Conference on Balanced
Growth and Economic
Development at Charlotte’s
Radisson Plaza Hotel.
. The conference, which
will bring together business
and agriculture leaders
from throughout the state, is
an outgrowth of 100 county
conferences held in October
and November.
At the county conferences,
citizens were invited to
discuss with state govern
ment officials their own
community’s economic
problems, and what state
and federal government
should do to help solve them.
Reports coming out of these
open, public meetings will
be presented to the larger
conference in Charlotte.
The purpose of the
Governor’s Conference,
which is expected to draw
several hundred persons,
involves these elements:
• To examine current and
prospective economic
trends, problems and op
portunities facing the state;
• To evaluate possible
policy directions for im
proving North Carolina’s
economy;
• To discuss strategies for
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L. . iii
development high-paying
industries and increasing
wage earnings of North
Carolinians while main
taining a posture of
balanced growth;
• To discuss provision of
services to promote iftore
even distribution of
economic opportunities;
and
• To formulate North
Carolina’s report to
President Carter’s White
House Conference on
Balanced Growth, set for
later in January.
The program will feature
a keynote address by U.S.
Commerce Secretary
Juanita Kreps; policy
workshops on such issues as
taxes, energy, human
resources and tran
sportation; an evaluation of
the state’s economic
situation, including a review
of reports from the local and
regional level; and a
presentation of policy
alternatives.
Improving the state’s
economy is a major goal of
the Hunt Administration.
“Finding the answers to
problems facing this state’s
economy is something
government can’t do alone,”
Gov. Hunt said. “We need
the ideas and the minds of
the best people we can find
to help us, because we all
5 share this problem.
1 “That’s what this con
> ference is all about —to
share our thoughts and find
f out what our businessmen,
and our farming leaders and
f our local government of
'■ ficials think we should do to
f make things better for the
workers of this state,” he
said.
i Hunt went on, “At our
> local conferences people
■ demonstrated that they
i really care about bringing
■ high-paying jobs to this
state, and improving the
> wage scale. But they also
feel we need to continue to
' protect our environment—
’ that there needs to be some
i control in how we grow.”
i The January conference,
he said, would help clarify
f the goals for the state’s
balanced growth policy.
' John Mediin, president of
l Wachovia Bank & Trust Co.,
> is chairman of the con
r ference’s state-wide
steering committee. Those
> interested in finding out
f more about the conference
should contact him or call
' Ken Flynt, the Governor’s
■ economic advisor, at (919)
! 733-4131.
»
! Thanksgiving
Service Set
According to Webster,
Thanksgiving is the act of
giving thanks, a prayer
expressing gratitude, and a
public acknowledgment or
celebration of divine
goodness and mercies. The
United States has
designated the fourth
Thursday in November as a
legal holiday for giving
thanks for divine goodness.
This day has become known
to us as “Thanksgiving.”
Dr. Fenner will have a one
hour service on Thanks
giving Day at 11 A.M. The
pastor, officers and
members invite you to join
us in this service. We all
have something to be thank
ful for, so let us come
together to worship, sing,
* pray and. give .all the ad
miration and glory to God,
for He has brought us from a
mighty long way.
We look forward to seeing
you Thursday morning.
Church School begins at
9:30 A.M. with Supt. Charlie
Downing, Sr., in charge.
Morning worship service
begins at 11 A.M. with the
Young Adult and Sunbeam
choirs serving. Dr. Fenner
will be in charge of morning
worship service.
Also, at 2 P.M. busses will
depart for worship
Ebenezer Baptist Church in
Virginia Beach, Va. Dr.
Fenner will be guest
minister and all are invited
to accompany him. Price:
$3.50 roundtrip (dinner
included). Tickets may be
purchased from any officer
of the church.
We invite you to attend
any service at Providence.
All doors are always
opened. Our Church is a
friendly Church, where
everybody is somebody and
Christ is Lord of All.
THE CHOWAN HERALD
Carlisle's Cindy
Is Undefeated
Three Year C*d
DOVER, Del.—Carlisle’s
Cindy, a three year-old filly
owned by Lorimer Midgett
and Logan Lane of
Elizabeth City, N.C.,
remained undefeated in her
three year-old event at
Dover Downs November 12.
Going from the fourth post
position with Bib Roberts at
the reins, Carlisle’s Cindy
got up for a half-length
victory over Sweet Selection
to win in 2:07.3. Paradise
Molly finished third.
Sired by the famous
trotting stallion Carlisle,
and out of Essentially by
Something Special,
Carlisle’s Cindy is the
product of well-planned
breeding by Midgett and
Lane. Midgett, a senior vice
president of the Peoples’
Bank in Elizabeth City, and
Lane, a retired North
Carolina state trooper now
an Elizabeth City
magistrate, are part owners
in all four horses and
needless to say, they’re
proud of their success with
Carlisle’s Cindy.
“We’ve watched her
closely since the day she
was foaled,” commented
Lane following the victory
at Dover Downs. “I trained
her myself right up to the
day I turned her over to Bib
Roberts at Rosecroft. She’s
the perfect horse. She’s
well-mannered and you
never have to use the whip
with her. We’ll give her a
rest now and bring her back
next summer for the four
year-old Delaware Stakes
events.”
The win for Carlisle’s
Cindy brought her season
record to 4 wins and 3
seconds in 15 starts this year
with just under $19,000 in
purses earned. She paid
$9.60 for her Dover win.
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Davis Reveals U. S. Senate Candidacy
State Sen. Lawrence
Davis announced his can
didacy for the U. S. Senate
Tuesday in the Roosevelt
Hoom of Raleigh’s Hilton
bu.
In nis prepared remarks,
Lawrence Davis
Davis said he is running for
the U. S. Senate because,
“We have national leaders
who are more concerned
about pushing special in
terests and personal glory
than they are concerned
about working together
towards common goals that
benefit the electorate. .There
is a startling lack of com
mitment to getting the job
done and a crippling
preoccupation with party
politics and personal
triumps.”
“I know it takes hard
work, attention to detail,
and singleness of purpose to
produce results. We have
made some progress here in
North Carolina with this
formula, and there is no
reason why it won’t work in
Washington.”
Davis has served four
terms in the State
Legislature. He said he
realized that running for the
Senate was a risk. “I’m
taking a chance. But the
founders of this country took
a chance too. I believe it’s a
chance worth taking,
because I know I can give
North Carolina a senator
who will be responsive, open
to talk with and listen to the
people, and free from vested
interest activity.”
He listed the major issues
of concern to the nation as
the economy, federal
spending, unemployment,
welfare reform, energy, and
integrity.
“Deficit spending is the
root cause of inflation in this
country. We mistakenly
place the blame for inflation
on one industry or another.
The fault lies squarely with
a government that refuses
to tighten its economic belt.
The enormous federal
deficit of this nation has
eroded the purchasing
power of the average
American with devastating
speed. Someone needs to
stand up and tell the people
of this country why the
economy is in such bad
shape. More importantly,
someone needs to get in
there and do something
about wreckless, wasteful
spending habits of govern
ment.”
Davis said there is no one
big area of spending that
could be eliminated to solve
the federal spending
problem, but there are
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many largely unnoticed
areas of extravagant
spending. “There simply is
not one item in the federal
budget that is labeled as
‘fat’, that we could cut out
and solve the problem. We
have got to get into every
area and trim the spending
to assure the taxpayer that
fereral spending is
producing the best results
possible.”
Davis said he does not
expect to emerge as an
immediate front runner in
the race, but does anticipate
a steadily growing base of
support. “I believe the
people of this state are
capable of choosing the
person who best represents
their goals and needs in
Washington. They will
decide who has the qualities
needed to bring our national
problems down to what'is
best for the individual. They
will know which candidate is
honest, which one will work
the hardest, which can
didate will place the needs
of the people above party
politics, personal gain and
vested interest. I am con
fident that by next May we
will have a sound victory
based on the people’s victory
Page 5-C
and demand for new
leadership whose judgment
they can tract.”
Peoples Bank
Dividend Set
24 Cents/Share
ROCKY MOUNT - The
Board of Directors of
Peoples Bank and Trust
Company has declared a
regular quarterly dividend
of 24 cents per share and an
extra year-end dividend of 8
cents per share on the
bank’s common stock for
the fourth quarter.
The 32-cent dividend
brings the total dividends
paid in 1977 to $1.02. This
represents a 9.2 per cent
increase in cash dividends
paid over 1976 after giving
effect to the increase in
number of shares out
standing as a result of the 20
per cent stock dividend
declared in November, 1976.
The new dividend is
payable December 30, 1977
to shareholders of record on
December 21, 1977. The ex
dividend date was set for
December 15, 1977.