Newspapers / Carteret County News-Times (Morehead … / May 13, 1949, edition 1 / Page 2
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Bond ParcfcaMS vs. Higher Taxu The IMS spring United States saving bend drive, labeled the "Opportunity Drive" opens Monday. The national quota is one billion forty million dollars. North Carolina's qudA ,is $12,000,000 and Carteret county's quota is $46,000. Beardsley Ruml, a former univeraity professor anS dean, a re tailer, a directoi of several companies, and one of the group that organized the Committee for Economic Development, states that investment in United States Savings bonds is the only way to prevent higher taxes and the beat mean.f to finance government operation. His comment, as it appeared recently in Collier's Is reprinted here in part: "The time has conn' when (government) statements about deficit and surplus, income and expenditure should be made in terms of the consolidated cash budget The consolidated cash budget diUers from the conventional budget in that it includes all the transactions between the government, and the people. It is a cash budget. It shows all the intake and all the outgo on a rash basis in the year in which the transaction takes place. If we examine the federal budget as it has been presented ? the consolidated cash budget ? we note the extraordinary fact that, even after anticipating heavy expenses ahead, a surplus of $1,475, 000,000 is indicated for the fiscal year 1950 . This surplus assumes the increase projected lor Social Security ben<fits, a' well as higher rates of Social Security taxes which should be imposed from now on. If the tax rates should be irirt*eased, as has been recommend ed, to provide an additional $4,000,000,000, the excess of receipts over expenditures would be some $5,500,000,000. There is no need at the present time for a surplus of this magnitude. In view of the uncertainty as to the business outlook and the level of employment, such a surplus Is positively dangerous. Fortunately/ we have an alternative to an increase in taxation. It is effective as a deflationary measure. It is much more flexible and much more appropriate than a tax increase to the present situation. That alternative is the sale of U. S. government savings bonds to the public. The sale of savings bonds picks up purchasing power that might have to be withdrawn by taxation. It has a great advantage over taxation in that it is selective. It Goes not Impose on those who cannot afford it the nonrecurring costs of government. During the war we knew that the sale of War Bonds to private individuals was an alternative lo taxation. We do not seem to have carried this idea over to the problem of financing present necessities. In days such as these, when we an* uncertain as to whether we are facing inflation or deflation, we need in .our fiscal planning the kind of flexibility that a well organized savings bond program would provide. To sum up, the budget as presented by the President already projects a surplus in the consolidated cash budget without im posing any increase in the rate of taxation (except for Social Security). If we need to protect ourselves against possible new and unforeseen inflationary pressures we cm do so by stepping up the sale of savings bond& to the public; in case of deflation, the sale of savings Sonds can be curtailed. If we make realistic plans to sell $4,000,000,000 of savings bonds net to the public, we shall have accomplished all that is, necessary in the Administration's tax proposals. Wf shall then have the flexibility that is so essential at the present time when we do not know whether inflation or deflation lies ahead. ..." BEARDSLEY RUML Love Thy Neighbor One of the basic tenets of Christianity is brotherhood of man. There are some, we all know who fail to live by any one of the ten commandments, yet they Vail themselves Christians. ' The atheists, agnostics, and plain non church goers usually make up the vanguard of verbal blasters, wljo, seeing these back sliding Christians, therefore feel free to call all church-goers hypocrites. Neither do they confine their name-calling to laymen. Accepting the pastoral doctrine that has come down through the ages that we are the flock and the pastor is the shepherd, it follows naturally that where he leads, the congregation shall go. In actuality, this never happens, as any pastor well knows. The ministers of Carteret county, however, are taking a valiant lead in an issue which has repeatedly put this country in travail ever since the middle of the 19th century. Their county ministerial association is a practical, everyday demonstration of the Christian doctrine ot brotherhood. Members of their group are both white and Negro. They don't profess to be Christians, hong out the "whites only" sign, and then wink at the commandment, "Love thy neighbor." We know for a fact that thee are ministerial associations north of the Mason and Dixon line which "tactfully" do just that. Certain members of their congregations probably frown on the ministers' practice. Yet if these laymen profess to be Christians, what recourse have they? It takes courage, nevertheless, to da what our ministers are doing. May we point out to the atheists and others of their ilk that our Christian leaders if. perhaps, not their flocks, are doers of the Word and not hearers only? CARTERET COUNTY NEWS-TIMES Carteret County* Newspaper A Merger Of lilE BEAUFORT NEWS (E*. 1912) and THE TWIN CITY TIMES (Est. 1936) Published Tuesday* and Fridays By THE CARTERET PUBLISHING COMPANY. INC. Lockwood Phillips ? Publishers ? Eleanor? Pear Phillips Ruth Leckey Peeling. Executive Editor Publlahlng Offices At 504 Arendell St.. Moreh*ad City. N. C. 130 Craven Street. Beaufort. N. C. N Mall rates: In Carteret. Oravrn. Pamlico., Hyde and Onslow Counties $5.00 one year; $3.00 six months; $1.75 three' months; $1.00 one month. Outside the above named counties $6.00 one year; $3.50 six months; $2.00 three months; $t.00 one month. Member Of Associated Press ? Greater Weeklies - N. C. Press Association Audit Bureau of Circulations y Cntered as Second Class Matter at Morehead City. N. C. under Act of March 3. 1S79 The Associated Press Is entitled exclusively to use for republlcatlob dl local new* prtaut in this newspaper, as well as all AP news dispatches. Rijflktft of republication otherwise reserved. PUZZLE PICTURE ^ - HOT I r'<v Raleigh oundup By Eula Nixon Greenwood GOOD EX-AMPLE . . . Sim A. DeLapp of Lexington, State chair man of the Republican party, | probably set a good example for! State Democratic Chairman Capusi Waynick last week when he said : he could not serve as a vice presi- j dent of Better Schools and Roads, Inc., the agency set up to push the adoption of the $225,OfOOXKK) bond issue for roads and schools*. In refusing the fxjeitiojn, l>elj^p|> said it is probable that ther? divided opinion regarding the Bond issues and that he, as head of the I party, should not take sides. He did not say how he, personally, felt on the matter. . In contrast to this. Democratic Chairman Waynick is subjecting himself to some criticism by being one of the front-line proponents of the bond issues.* ABOUT NICARAGUA . . . Capus Waynick is the new emissary to Nicaragua. This country is a little smaller than North Carolina in siie, having 50,000 square miles t?> this State's 52,000, and is much smaller in population ? 1,500,000 against approximately 3,500,000 for the Old North Slate. Nicara gua in 1040 had 150,000 white folks, in its population. AFTER JUNE 4 . . . Waynick has said he will not go to his new position .which will pay him in the neighborhood of $25,000 per year,, until after June 4, the date of the roads and-schools bond vote. His position as party chairman is expected to go to L. P. Mc London of Greensboro or Everett Jordan of Saxapahaw. SHIN* KICK . . . The current- issue] of the American Magazine has an' interesting and timely article by. U, S, Comptroller Lindsay Warren on the wastefulness in our Fed eral Government. Since all of his tenure has been under Democratic administrations, the^ article adds up to a rather vigorous shin kick at the Democratic Party. NOT UNTII. ftvLI.: ... The committee named to find a suc cessor to Dr. Frank Graham who resigned a few weeks ago from his position as president of the Greater University of North .Caro lina to become U. S. Senator, is not expected to have a name ready for the Board of Trustees when they meet on May 20. Chances are that the now presi dent will not be chosen until late this summer. Acting Secretary of the Army Gordon Gray says he feels he is not qualified. Comp troller ft illy Carmichael says like wise. The names of former Governor J. C. B. Ehringhaus and L. %P. McLendon have been tossed about in the speculating, but since nei ther is an educator the committee is said to be looking in other directions. It is just possible that Chapel Hill Chancellor R. B. House, de spite his modest disinterest so far, will be drafted for the job. COMMANDER GODWIN? . . . R. C. Godwin of New Bern and Ral eigh, who since 1939 has been State Veterans Employment Rep J'Nivir *hould'?" put o MoFA*_Pistoi?_IIng in his n?t?l"A T You can say that again, Zekerv. There'# only one place to put - MftPffr Power* Punch Piston Rings^ That's in the engine of Dodge and Plymouth cart or Dodge Trucks that have reached the "oil-burning" age. There they restore pep ahd power . . . save on oil and gas bills. So why watte oil and hard earned money? Let us examine your car or truck. If needed we can install . . 4 * ** - fV MpPar fewer Punch Piston Rings . Foctwy Engineered and ln?p?tf?d , ' '** f Of DODGE-PLYMOUTH CARS and ~ CMSlMJ DODGE TRUCKS SiP PAUL'S MOTOR CO. (, 322 Fnat XL, Btfafarf . . . Pkm B 42S-1 ( f ^ - '? resentative (a bigger position than it sounds like), is being boosted for Commander of the State American Legion. The convention will be held in Kaleigh on June 18-22, and the GI bushes are being: shaken for support for Godwin, a 80-year Legionnaire and at present a De partment Commander, Concensus among: Raleigh vet erans seems to be that Godwin, as both veterans employment man and State Commander, would be in a unique position to be of tremendous service to veterans and their families in what is now becoming known as the "leveling off period." WALKING . . . Patrol Corporal Harold Minges rolled the Gover nor's biff packard up tb the north door of the Capitol one afternoon last week and stood for a half hour lounging about awaiting pas senger.- Being chauffeur to a Governor requires patieAce, and Minges has it. Finally, one of Scott's friends came by and said: "You waiting for the Governor? He left here about 40 minutes ago. Said he needed some fresh air and exer cise. I saw him hot footing it down filount Street like a worn out team trotting to the barn after a hard day in the field." With that, Minges smiled, gave , an understanding grunt and eased 1 the Packard back around to the I Mansion. GOOD AND BAD . . . Those 25 counties which have within the past 18 months voted special school bond issues will be in ex cellent shape if the $25,000,000 State bond issue is j <*ssed. How ever, this amount an1 the $25, 000,000 allocated by the Legisla ture is only a drop in the bucket when compared with the $250, 000,000 which is needed right now for schoolhouse construction in North Carolina. The 75 counties which have not voted local school bonds are going to find it flatly impossible to get along on the money thtey get from the State; and the people, having voted on the State's $25,000,000, will feel they have done enough and will likely defeat any local school bond vote put to them with in the next two years. Money has been set up to re duce the teacher load, but you must have rooms for teachers to work in. Therefore, the teacher load will change very little and the next Legislature will be re quested to prepare the way for i another bond issue for school | houses. HIT THE TRAIL . . . John Mar shall, publicity man for Better Roads and Schools, Inc., and Scott Secretary Charlie Parker are now busily preparing speeches and a tour for the Governor during the next few weeks. One of Governor Scott's main | speeches for the bond issue will' be made at the 47th annual con-! vention of the N. C. Merchants] Association at Charlotte on May J 23. Thoughts for an open mind ... You pride yourself on how much you know. How much are y?i doing to pass it on to otlier*? In making your living, try and make yourself agreeable to othen, and help to make the world go round more harmoniously. K Don't let ambition kill your scruples. It doesn't help a great deal to know more than others if you don't put your knowledge to work. The life of this world is a play and a sport; but if you believe and fear God, he will give you your hire, and every so 01 shall come ? with a driver and a witness. - Mohammed ? ..'I Whatever that be which thinks, which understands, which a<^?, it is something celestial and divine, and upon that account must necessarily be eternal. J ? Cicero1 ?? ? Jim Morrill ? c/l Realizing it would be extremely difficult to keep Governor Scott off his favorite toptc, the mer chants have reserved sufficient time on the program for him to talk on anything he wishes. He remarked with studied cas ual ness last week that his subject would be "The Importance of Transportation and Education to the Merchant." He said if there had been a network of good roads and telephone lines 50 years ago, the merchants would not be plagued with so much mail order competition today. WILL PASS . . . Consensus about 1 the State is that the bond issues i will pass. Road contractors have i been a little cool on the matter, i having heard that the highway forces would \o most of the work, leaving them out in the cold. ! Reports are that they have'tjow been assured that they will' be given all the work they can / fern - dle. Much of the money to pub licize the vote and carry it 'Will come from these contractors. Since there is no organized oppo sition, the bond issues will prob ably be adopted and all school busses will run on time, for'the first time, by 1952. '? ' Capus Waynick will not injlire his good name and future by sup porting them. !>?> rul no Convention Hall where the "fin als of the -Miss America Paf^&nt will be held is the most famous and one of the largest halls of its kind in the world. It seats 391000 and has a 160-foot runway. BABIES VACCINATION DOifTAGS Morehead Cily Town Hall May 18th fc 25th 9 A.M. to 4 P.M. Dr. C. E. Paden, Veterinarian T I SINCE 1933 FOOD I I COSTS HAVE S u With great regret and only because of soaring costs, the Tide Water Power Company has made application to the North Carolina Utilities Commission for an in- 1 crease in electric rates. ^ '11 iT little More Itian a Penny a ; That's all the rate increase will mean to the k average residential customer of Tide Water! * ' What do YOU do when you're spending more money than you're making? There are only two things you can do. Reduce your spending ~ or get more money. Right? Tide Water has always provided the best possible service at the low- ~ est possible cost. Since 1933, Tide Water rates have gone down 54.4%. According to the U. S. BUREAU OP LABOR STATISTICS, during the same period food costs have soared 121.3%, with other costs up in proportion. Everything Tide Water buys today costs more than ever before. Poles, wire, trucks, coal? everything. And Tide Water's rates of pay are at all* ? time highs. Ends just don't meet anymore. Tide Water cannot reduce its costs and still provide good electric serv- ' ice. That's why application has been made for an increase in rates. The new rate will still be less than half of the rate you paid in 1933 and less j j even than you were paying in 1946.Actuallytheaveragecustomerwillpey j WHILE TM? AVKM6I little More Than a Penny a Day* TIDE WATER POWER COMPANY , .. . ^ ^ , I I j, NEIGHBORS AT YOUR SERVICE, a
Carteret County News-Times (Morehead City, N.C.)
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May 13, 1949, edition 1
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