».y \ %^iH
•"'
- . ]"'"'" ~ m f ' " '" 7
QUESTS AT RECENT LUNCH-
I:ON at Raleigh's Downtowner
Motor Inn are pictured with
Mrs. Willie Otey Kay (left), the
NMA Donates $2,000 to United College Fund
NEW YORK—Dr. John L. S.
Hollcman last week presented j
a gift of $2,000 to the United i
Negro College Fund on behalf |
if the National Medical
elation. Dr. Holloman is presi
dent of the medical group com-1
pospd of N T r>»ro physicians from |
a" part" of the country.
In accepting the contribu-1
tion. Dr. Stephen J. Wriyht, i
president of the Fund, noted: j
"The National Medical Asso-1
ciation's continued support of |
the Fund exemplifies the grow, i
ing determination of Negro]
professional groups to advance ,
and accelerate educational op-;
portunities for Negro youth. |
"Fully 80 per cent of all Ne- |
gro physicians," Dr. Wright |
added, "received their tinder-1
graduate training at UNCF j
member colleges and univer-!
si ties.
Dr Holloman is a»9sduate '
If you think
going to school
is kid stuff...
%
• * ; -j
you've got to be kidding!
.t> * •
' v «i
Employers don't kid around these days. If you a really successful and rewarding future
don t have a good education, you just don't have So, if you're in school now... stay there! Learn
it. Period! But lots of other people do. And they'll all you can for as long as you can. Jf you're out
be the ones who get the good-paying jobs ... not of school, there's plenty of valuable training
you. YouH be lucky to get what's left qver. available outside the classroom. Find out about
Today, to get a good job, you need a good edu- it. Get in touch with the Youth Counselor at the
cation. Employers insist on it. Good jobs demand local office of your State Employment Service
it. So you'd better get it... if you want to enjoy Or visit a Youth Opportunity Center.
To get a good job, get a good education
. Published m A public service in cooperation with The Advertising Council.
-- ''V • .... ' ' '
honoxee, and Mrs. Robert ,P. |
Daniel (r ght), hostess are Mes-j
dames Asa Spaulding and Al
fonso Elder, Durham; and Mes-1
sity. and is a prominent New
York Crtyl practitioner" He is
also co-chairman of the Medi
cal Committee for Human
Hights. an organizat'on which
supports civil rights activities.
lie edditiof!?!!" servos 3s 3
member of the UNCF's Medi
cal Com-nittee, composed cf 46
outstanding Negro and white
physicians. Most of these are
Fund Raisers at North Carolina
College to Visit Four Cities
North Carolina College fund
raisers. Professors George Nix
on and Herman H. Riddiek,
will fake personal appeals for
support to local NCC alumni
chapters in four North Caro
lina cities in the near future
dames James Gordon Taylor,
Frank, Constant C. K. Otey,
Garrett Laws, Harold While,
| presidents or presidents-elect
"f county medical societies in
I 'ho New York City area.
The United Negro College
Fund is the fund-raising arm
33 fully-accepted, private
• Ilexes and universities. Dur
ing the past two decades, the
n - tnd has rasied more than $95
-v.Von to help support these
I institutions.
f.rship fund drive by alumni.
A challenge gift of $33,000 by
1 -e Alfred P. Sloan Foundation
attaches a premium to alumni
giving. Alumni gifts will be
matched dollar for dollar, gifts
by private donors in .North
Carolina will be matched at
rate of one dollar for every
two dollars, and other contri-
Ralph Campbell, James A.
Boyer, and P. R. Robinson, all
of Raleigh.
butions are to be matched one
dollar for every three dollars.
N xon and fofmer head foot
ball coach Riddick will be at
the Hayes-Taylor YMCA in
Greensboro at 8 p.m.. Tuesday,
January a 3l; at the Phyllis
Wheatley YWCA in Wilming
ton at 7:30 p.m., Friday, Feb
ruary 3; at the home of Mr.
and Mrs. Glover Hill, 3005 Te
-esa Ave , Winston-Salem, at
7-30 p.m., Wednesday, Febru
ary 8: and at ,the home of Mr.
ind Mrs. Samuel Chess. Penny
wood Road, High Point, at 7:30
p.m., Wednesday, Feb. 15.
WOMEN PAST 21
WITH BUODIR IRRITATION
Suffer Many Troubles
After 21, common Kidney or Bladder
Irritations affect twice ai many women
as men and may make you tense and.
nervous from too frequent, burning or
itching urination both day and night.
Secondarily, you may lose sleep and
suffer from Headaches, Backache and
feel old, tired, depressed. In such irri
i tation, CYSTEX usually brings fast,
relaxing comfort by curbing irritating
•arm in strong, acid urine and by anal
YOUR FAMILY FINANCE:
B] WHAT MAKES
\s>y BY O&sryocorL
What's tight money all about?
Just what does the term mean?
How doeft it affect you—the wage
earner, the housewife, the fam
ity-and what can you do in
planning the family finances to
take the tight-moneysituation
| HSSMj
answers, we IB
talked to one of W L.
the country's
top monetary UV
experts, Dr.
former as
to
Secretary
the Treasury-and, before that,
vice president and economic ad
viser of the Federal Reserve
Bank of Dallas-Dr. Walker has
been since 1961 executive vice
president of the American
Bankers Association.
Here's how part of our inter
view went:
Q. Dr. Walker, how does a
monetary expert explain "tight"
money? What does the term
mean, and what causes it?
A. "Tight" simply means
"scarce." There's a heavy de
mand for money, from people
who want to borrow for one rea
son or another, and there isn't
enough money to go around.
It's as if you had a room with
10 chairs in it, and 12 people
wanting to sit down.
Q. Where did the money go.
to create this scarcity? What
happened to it?
A. It isn't a matter of there
being less money. In fact, our
nation's supply of money has
been increasing all along. It's as
if you had nine chairs in that
room yesterday, and you
brought another one in today
but at the same time, three
viRS. ROBERT P. DANIEL FETED IN
RALEIGH AND WASHINGTON. D. C.
PETERSBURG—Mrs. Robert,
T> . Daniel, whose recent mar
nage to Virginia State Col
lege's esteemed President was
one of the Mid-Atlantic's social
h ; ghlights. has entertained and
has been feted in a round of I
activities in Raleigh and Wash
ington.
Dr. and Mrs. Daniel were
guests of Attorney and Mrs.
John O. Plummer, Jr. in their
Washington, D. C. home. Atty.
Plummer is the brother of Mrs.
Daniel.
Mrs. Daniel entertained her
niece and husband, Major and
Mrs. William Ford of Balti-
BLAGUES OF LOCUSTS WER.E SO ORB A PEP
IN EARLIER DAYS THAT THE INSECTS OFTEN
APPEARED IN MYTHOLOGY AS A MONSTER .
f i
COVERED ALMOST 2,000 Ej riling _
SQUARE MILES. A 6WAUM J|j-
WEIGHING ABOUT ts"o
OO GetAl PAAAAGC TD | I
Hra =r— . RANCtIANP GRASS AMMGRICULTURAL
■■ •- "= CROPS EACH YEAR -- MOCE TWAM
(■» M — ~ ~TsT~~ i2O MILLIOM WORTH IN TU£
~~ U.S. ALONE . EXTENSIVE
chemical cornea.
PEO6PAMS ARE FRfQUEMTLV
U' TO peo tect ceo ps m
MAR 1 'J total pestkuction-
Weather Ahead. Let U* Cap
When you're driving on RJgsbee Tire Sales snow
m-M treads. yoo'U (o in the snow. But now, Rigsbee (
Tire Sales makes your car go on Ice. too. We can J - V - INGRAM ( 1
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H||||| so you can ride without chains .. . Studs dig on ice Rigsbee Tire Sales of
g|ggj| to five yon needed traction. The carbolold tips on fers YOU the finest ' >
these studs wear with the rubber so you get anti- SERVICE on all items '
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cost is economical, so drive In or call either of our possible and flexible 
two convenient locations now before more snow and TERMS. (We handle  '
ice comes. our own financing.) >
HERCULES— Best rubber on the road 1 i
Stewart Rigsbee—J. D. Brothers
!!■■/ 108 Laltewood AT*., 688-1388
2720 Hillsborough Road, 286-4444 1 (
vrj Closed Wednesday 1:00 P.M.—Open All Day Saturday '
more people came in looking for
a place to sft down.
Q. Then the question seems
to be, "Where did all those peo
ple come from?" Who are they?
A. Let's go back about a year.
Our economy was riding the
crest of a long, uninterrupted
period of economic expansion.
Four or five years earlier, un
employment had been a prob
lem. Now employment was so
high that production bottlenecks
were developing, because of la
bor shortages. The machinery
of production was almost fully
employed, too. Our whole econ
omy was produemg almost at
full capacity—cranking out all
the goods possible with the
available supply of men and
machines. And just then, in mid
'65, we suddenly asked the econ
omy to do more—to turn the
crank even faster.
Q. This is when we had the
big escalation of the Viet Nam
war?
A. That's right. War, of
course, consumes enormous
quantities of material—not just
military goods, but everything
from steam boilers to shoelaces.
And our economy was asked to
produce all this in addition to
what it .was already turning out,
working at nearly full capacity.
Q. Which meant that produc
tion facilities had to be expand
ed
A. And financed. A company
that needs half a million dollars
for added plant space, new tools
and machines, will usually look
to a bank to furnish part or all
of the money needed. So many
producers of goods wanted
funds, in order to increase out
nut, that the demand for money
began to surpass the supply.
Q. So that's the story of what
made money tight?
A. Not the whole storv Pro
I more, Md., with a dinner par
ty at the S'leraton-Carlton Ho-~
tel in Washington.
Mrs. Daniel sponsored a spe
cial luncheon in Raleigh for
Mrs. Willie Otev Kay, Mrs.
| Daniel's aunt, and in recogni-
I tion of other relatives who
served as hostesses—Mesdames
James Gordon Taylor, Frank
Constant, Garrett Laws, C. K.
Otev, all of Raleigh, and Mrs.
Donald Hayes of Atlantic Ctiy,
N. J., all aunts of the First
Lady, and cousins: Mesdames
1 j Harold White, Nelson Greene,
i Ralph Campbell and John Kay.
I
SAT., FEBRUARY 4, 1967 THE CAROLINA TIMES-
ducers of goods haven't been
the only people demanding
money. With everybody so busy
and prosperous, consumer in
come hit new highs. We've all
been buying new cars, tele
vision sets, appliances, boats
hundreds of things, in record
quantities A great deal of all
this is financed, directly or in
directly, by the same banks
being, asked- to finance new
production facilities. And final
ly, let's not forget the biggest
borrower of all the govern
ment. Domestic spending on the
various federal programs, in
addition to the cost of a war
resulted in heavy government
borrowing. Add up all of these
demeands on the money supply,
and there just isn't enough to
go around.
Q. How does all this affect
family finances? What should
the average family take into ac
count in its spending, saving,
and financial planning?
A. The consumer public has
felt the pinch of tight money
principally in the mortgage
market Other than that, con
sumer credit hasn't been seri
ously restricted Banks have
had to be more selective about
the loans they make, but the
money supply hasn't dried up
entirely, by any means, and
banks are making every effort
to meet the legitimate financial
needs of the people in the com
munity. Anyone with good cred
it who really needs a loan for a
good purpose will usually be
taken care of somewhere. And
there are signs indicating that
Ihe worst of the problems about
mortgage money is already be
hind us. Loans will probably be
more available in the near fu
ture. though interest rates aren't
likely to drop back all the way
down to the old levels. Monev is
3-IN-1 IDEA
. "  ar
a
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and a storage area—these are
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by use of doweled joints, and
all bonding is done with the
unique Thermogrip electric
glue gun developed by USM
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.
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WHEN YOU CONSULT Ub ABOU f REAL ESTATE
PROPERTY MANAGEMENT AND INSURANCE
MATTERS. OUR MANY YEARS OF EXPERIENCE
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Rent or Renovate
Union Insurance & Realty Co.
814 FAYETTEVILLE ST. # PHONE MMI 33
1
! '
likely to remain relatively tight
for some time. But what can
have the most serious conse
quences for family. finances is
continued inflation.
Q. What's the relation be
tween tight money and infla
tion?
A. Tight money is a kind of
safety valve. When money gets
scarce, and it becomes harder
to borrow and spend, that tends
to check the kind of inflation
you get from "too much money
chasing too few goods," in the
classical phrase. Tight money
has created problems for the
banks atanfr with the banks'
customers, but I think we all
agree that the pinch we've felt
is a small price to pay for any
thing tending to control infla
tion. That by itself, though,
isn't likely to be enough to stop
inflation entirely. The heaviest
spender, again, is the govern
ment. and unless we move in
the direction of a balanced Fed
eral budget, through reduced
nondefense spending, we're in
danger of more inflation, and
more of the rising prices that
already have stirred up a lot of
housewives.
Dr Walker, along with other
economists we've talked to,
thinks tight money will be with
us for a while vet. Home own
ers. in particular will find inter
est rates pegged near present
levels, while increased costs of
material and labor will be re
flected in substantially higher
prices of new homes.
Whether we'll get the same
kind of increases, across the
board, in the cost of living—
that's something few economists
are willing to make firm predic
tions about. Too much depends,
they feel, on government's will
ingness to do something about
living within its means.
Firm Plans
Boat Plant
NEW BERN, - The
i Hatteras Boat Building Co., of
I High Point plans a plant near
; New Bern, but has not an
nounced when construction will
begin or how many persons it
will employ.
David Parker, company
president, announced Friday
I night at a banquet in New
Bern that the firm had pur
| chased land for the plant about
! a mile north of New Bern,
I
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Poleroid Camera $24.95
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Durham. N. C.
3B