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-V", THE i'KlCCjUlMANS WKEkLV.'afaUfFOKii, N.'C yHAX,' JAN U A It Y .M, r 7.
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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
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Richard Norris in
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THE TIME, THE PLACE AND
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