'U - -V", THE i'KlCCjUlMANS WKEkLV.'afaUfFOKii, N.'C yHAX,' JAN U A It Y .M, r 7. i ' , 1 . t t 1 y 'A 1 Y 5 E I f ? it !)' l 7 e Perquimans Weekly Published evevy Friday by the Perquimans Weekly, partner ship consisting of Joseph G Campbell and Max R. Campbell, ot Hertford, N. C MAX CAMPBELL Editor T Entered as second class matter November 15, 1934, at postoffice at Hertford, North Carolina, un der the Act of March, 1879. SUBSCRIPTION RATES: One Year l-80 Cards of thanks, obituaries, resolutions of respect, etc., will be charged for at regular advertising rates. Advertising rates furnished by request. FRIDAY, JANUARY 31, 1947 Price Control Missed The abolition of price control has resulted in steadily increasing prices. Whether one liked restrictions or not, there can be little argument over the effect of ending the controls. The proof is easily available. Rents, which continue to be somewhat controlled, had a base number of less than 110 in 1939 and the figure re mains below 110 today. By contrast, index figures for food, clothing and "all items," which were around 100 in 1939, have moved sky ward. "All items" advanced to about 130 in 1945 but the index has now gone about 150. Clothing is at 170 and food has almost reached the level of 190. About the only hope for the public, it seems, is the recurrent rumor that prices have gone so high that buyer resistance is beginning to bring them down. This may be true but it will take something of an economic up heaval for buyer resistance to equa lize the lure of profits that stir the minds of sellers. Loans To Insure Peace An interesting suggestion to "change the entire tide of world his tory," is made by Chester W. Bowles, former Director of Economic Stabiliz ation, who proposes that two per cent of our national income be invest ed in the economic development of less fortunate countries of the world. Mr. Bowles would make the loans for a period of ten years as "the world's cheapest peace insurance," and says that this investment would enable American people to modern ize "peaceful industries in many parts of the world" and that this would, in turn, "substantially raise living stand ards in Europe, Asia, India, South America and Africa and enable count less people to become customers for the goods produced in ur own fac tories." It is, of course, doubtful if the people of the United States are ready for such a program, but that does not necessarily say that the plan would not be a part of wisdom. It is cer tainly not to be expected that the members of Congress will vote to in vest four billion dollars a year in the economic development of less fortun ate countries. They would insist that the money be spent in the United States for the purpose of taking care of various projects, many of the pork barrel variety. We call at'.ention to the suggestion of Mr. Bowles because it deserves serious consideration. The peace of the world probably depends upon the economic stabilization of world trade, which would give the people of other countries an opportunity to raise their standards of living. So Icing as the proud boast of the people of this country continues to be the superior ity of their standard of living, with out making any effort to permit other peoples to do likewise, there will be envious eyes cast upon our capitalistic economy. j Time To Reduce Debt With the national debt standing close to $260,000,000,000 and with the business of the nation operating at 'a richer level than ever, one would think that there is sense in the sug gestion that the Federal Government take advantage of the good times to collect taxes for the reduction of its debt. Plainly, if the Federal Government is unable to reduce its indebtedness while the nation enjoys unprecedent ed prosperity, one wonders when the , sHanbt Carolina vtv MISS AM0CIATKOT1 Virginia Electric and Power Company Common Stock N ( When Distributed Basis) Bougbt Sold Quoted Inqmiritl Invited ftmcnoimsTJSOJD iISlRANCC BUILDING, RALEIGri, N. C. - time will comeu , Obviously, the pay ment of a sum owed Is easier when money is plentiful than when money becomes relatively scarce. "."uvVv In the face of these facto, there are many Congressmen, belonging to both parties, who ardently advocate the reduction of taxes. The argument is advanced that a reduction in the tax rate will stimulate business and give the Government a larger return. This may be true or it may be false, but it is difficult to understand the financial wisdom of abandoning tax incomes that the people and the na tion's businesses are able to pay. Much can be eaid for the reduction of governmental expenditures. There are undoubtedly some duplication and some unnecessary spending. These should le eliminated but the people of the country should not become so tax-reduction-conscious that they demand lower taxes regardless of what has to be thrown overboard. The expenditures for national de fense represent a considerable sum. In fact, it is amazing by comparison with pre-war expenditures. Never theless, if adequate preparedness for warfare is necessary to the safety of the nation, we should understand very readily that we did not have such pre paredness in pre-war years. What ever it costs the United States is able to pay and should pay rather than take a risk for the sake of tax reduc tion. BELVIDERE NEWS Miss Katherine Lane of Ballahack spent the week-end as guest of Miss Jean Chappell. Mrs. A. D. Ward of Gliden is con valescing at the home of her parents, Mr. and Mrs. C. T. Rogerson after an operation for appendicitis at Albe marle Hospital, Elizabeth City, last week. . Mr. and Mrs. Estes Copeland and son, Raiford, of Sunbury, were guests of Mrs. H. P. White Thursday night. Mrs. T. C. Perry spent Thursday as guest of Mr. and Mrs. Bill .Wins- low of Whiteston. Mr. and Mrs. Emory Rountree and children. Novella and Nancy of Sun bury were guests of Mr. and Mrs. W. L. White Sunday afternoon. Mrs. H. P. White and Miss Cath erine White visited Mr. and Mrs. Charlie Pe'ele of Rocky Hock on Sun day. Lloyd White of New Hope spent Tuesday night as guest of Billy ChappelL Mrs. B. W. Copeland has returned home after an operation at General Hospital, Norfolk, and is convalescing nicely. T;wLa7eTdassi GET SPECIAL FEBRUARY PRICE on Superior Baby Chicks. Rocks, New Hampshires, White Leghorns. ' Hatches Tuesday. Superior Hatch ery, Edenton, N. C. Mar 1 TAYLOR THEATRE EDENTON, N. C. Week Day Shows Continuous From 3:30 Saturday Continuous From 1 :30 Sunday Shows 3:30 and 9:15 Today (Thursday) and Friday, January 30-31 Joanne Dru and Richard Norris in "ABIE'S IRISH ROSE" o Saturday, February 1 Roy Rogers and Gabby Hayes in "HELLDORADO" Sunday, February 2 Sidney -Greenstreet in "THE VERDICT" Monday and Tuesday, February 3-4 Wallace Beery in "THE MIGHTY McGURK" o Wednesday, February 5 Double Feature "MR. HEX" Louis Jordan in "BEWARE" o Dennis Morgan and Jack Carson in THE TIME, THE PLACE AND THE GIRL" fl m D)ffimS Saturday and Monday, February 1-3 (ILIEiKf Of All Remaining Winter Clothes ! ! PRICES REPRESENT A MERE FRACTION OF THE ACTUAL WHOLESALE COST . . WE MUST MAKE ROOM FOR OUR SPRING MERCHANDISE ONE RACK OF DRESSES $2.95 Formerly Priced to $8.95 mm Other Itcois on Sl1 3 nun, l?H1w&'mt Am. (S 0 Pay Unrestricted Choice of All Unrestricted Choice of All ALL REMAINING LADxES' WINTER HATS $1.00 Unrestricted Choice of 2-p; -ce During This Two Day C!n Svecp of VLitor Cioibs. . , i ,TI17PT17fiPTi : xrnTiTii r A PAT 0. M o o Winter 0 i. formerly priced to $11.95 Winter formerly priced to $24.75 LADIES' AND MISSES' LARGE ASSORTMENT SWEATERS $3.95 Winter iX h x fTT xTt H I TT ' formerly priced to $24.75 taafit.ft4: i i i r TV J A , tit i 1 TM 2-1711 NEW YORK ' - - CHARLOTTE i-1 '- I 1 1 Y1