Newspapers / The Perquimans Weekly (Hertford, … / Jan. 7, 1955, edition 1 / Page 2
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.0 THE PEIteUIMA'NS.WEEKLY, HERTFORD, NORTH CAROLINA, FRIDAY, JANUARY 7, 1956. t:u3nf.di:;vFi3ucd .. V.y Fiu3u73 LifGl!.T.3 lilCCiT ; :.::roTlia $mc:3 Dy Present Dsla , Xhe economic value of man in J i United States haa risen spec ticularly in recent years, thanks largely to the growth of oppor tunity, the rising educational level and skill t the working popula tion,- and the marked increase in the productivity of the whole econ omy. :;(;,;. A:'''; ; -v -;'.'v, . Today the average man. start ing out to earn his living has a prospective lifetime income in ex . ees of f 150.000, based on current conditions of employment, income and. survival rates and their pro jection into, the future according to, figures derived from data re cently compiled , by the. U, S. Bur eau of the Census, It is a measure of what a man is potentially worth these days as a worker and pro ducer to himself, to his family, and to society as whole; and it helps to pinpoint how much more he now haa to protect than ever before through life insurance and other savings. ' . ( Comparison With Past Comparable figures derived from the 1960 Census, of Population in - dicate that the prospective lifetime income of the average man figured out at $133,000 in 1949, projected on the basis of employment and other conditions which existed at that time. No such figures are available for years prior to 1949. However, considering income lev els and general economic conditions today as compared with those pre vailing at the beginning of World War IT, and recognizing the effects . of inflation in the intervening per iod, it fa conservative to state that the economic value of man in the United States has more than dou bled in the last decade and a half. y. Mere la dramatic evidence of what a free economy can accom plish for the average man in a comparatively short space of time. Inherent in , the Bureau of th Census study from which prospec- v meant incomes are derived. is the importance of education 'as a ractor in the increased' economic 'value of man. t The general educa tions attainment of . the popula tion nas been in; a long-term up , trend, t and this was accelerated 'during the Forties When the Im provement for youasr men, many of them war veterans, amounted to nearly two school years on the average. As a result, a selab'vely large proportion of the better educated men is sow found in the younger age groups. ' Income by Education . The figures show that, for those with only an elementary schooll education or less, chances are that! the lifetime income may not run much over $100,000 and may even be quite a bit lower, reflecting the kind of work that mast tunni this group do. Many of these per sons ao not nave enough education , to put to effective use the written material which is so essential in training persons to perform duties in our .modern society. A high school dfnloma will wfo the prospective lifetime income of a man to the neighborhood of $200,000 on the average, projected we oasis of Income and other conditions existing today. The col lege graduate, on the other hand because of the positions open to him and the chances for advancement, has the prospect of earning about $100,000 more on the average dur ing, his life span than the man whose schooling . ended with high school His prospective lifetime in come under 1949 conditions was $268,000, against $166,000 for the high school graduate. Thus the eost of a college education is like ly to be repaid man yfold. Individual Variations from one person to another, de pending on many factors such as initiative and job performance as well as educational background. For example, the records are stud- ed with cases of men who have de veloped a large income capacity and even worked their way to the top despite educational and other handicaps. The figures clearly in dicate, however, that as far as the average man is concerned,' educa tion pays.- . ; This is apparent in a break down of major occupation groups by educational attainment The retires show that most of those i the elementary school group wo.k on farms or in manual trades, average the lowest-paying rations. Tha proportion of with skills or specialties, and . greater earning power, in "m going up the educational ' r. In Ce ease of the college ' r-ven out of every eight i -i r ' r;r jobs and 1 1 . l et te entire group ' ?i I..'. : '1 ccr-v HAYSEED By UNCLE SAM '.'.-..: vS.The Years Ahead .V ! I have finished with all the years in the past: .Whatever they may have brought is forever gone. It is only the years ahead that count. f I have finished with all the years in the old and dead past. It is only the years ahead that count. I have finished with all the years of the past, their joys and their sorrows. It is only the years ahead that count. ; I have finished with all the years of the past; their successes and their failures. It is only the years ahead, that count. I Have finished with all the years of the past, their gains and their losses. It is only the years ahead that count. I have finished with all the years of the past for time - will never turn back. It is only the years ahead that count Then march on future years. I' hope I am ready, for you. For it is only the years ahead that count U. S. Government Has Large Payroll Abroad The Federal Government now has a big payroll abroad as the result of the expanded role the United States has been playing in world affairs in recent years. Figures compiled by the Joint Congressional Committee on Re duction of Nonessential Federal Expenditures show that , nearly 200,000 of the 2.3 million civilians employed by the Federal Govern ment at the end of September were stationed outside the continental United States. More than two- thirds of these were on the Depart ment of Defense payroll. - In addition, close to 400,000 for eigfl nationals, not; included in tht usual personnel report, are work ing for Vi- S. military agenciei overseas. Most of these are Ger man, Japanese and Korean. TRY A WEEKLY CLASSIFIED . STATEMENT Hertford Building and Loan Association OF HERTFORD, N. C, AS OF DECEMBER SI, 1954 V (Copy of Sworn Statement Submitted to the Commissioner of Insurance as Required By Law) ' ' ASSETS The Association Owns: Cash on Hand and in Bank State of North Carolina and U. S. Government Bonds 1 Stock in Federal Home Loan Bank. Mortgage Loans Money loaned to shareholders for-the purpose of enabling them to own their homes. Each loan se cured by first mortgage on local improved real estate. Share Loans Advances made to our shareholders against their ' "' shares. No loan exceeds 90 of amount actually: paid in. Office Furniture and Fixtures v. . .. Other Assets Total LIABILITIES The Association Owes : To Shareholders .' Funds entrusted to our care in the form of payments on shares as . , . follows: . :v Installment Shares ;........$57,961.75 Full-Paid Shares 55,500.00 Noes Payable, Other. . .. - Jloney borrowed for use in making loans to mem- - hers, or retiring matured shares.. Each note approv . d by at least two-thirds of entire Board of Direc- tors as required by-law. --.i '- ' ",' Accounts Payable Loans in Process Undlvideji Profits ; Earnings held in trust for distribution to, share holders at maturity of their shares. ' Reserve for Contingencies .' To be used for the payment of any losses, if sus tained. This reserve increases the safety and , strength of the Association. Reserve for Bad Debt '. :. :. Other Liabilities - 'Total.. STATE OF N0BTH CAROLINA COUNTT OF PERQUIMANS MAX R. CAMPBELL, Secretary-Treasurer sociation personally appeared before me this day, and being duly sworn, says that the foregoing statement is true to the best of his ItnowlecEge and belief, 'i.v , . KAX B. CAMPBELL, Secretary-Treasurer- -' '"i t er3 n " ed before me, this 4th dry rf January, lCr" 1. C. V.TTLC7, 1 ; . Vj:. WOMEN AND WHEELS ISetv Car; New Color! By Mary Lou m We called up a number of our women friends the other'day just to satisfy our curiosity on a certain point We asked them, "What uiuo uiijwnani w women in a aitoosi wiinout exception they replied, "Color; both inside uiu uui. y . . , . ' What Colort art preferred? The lighted and brighter hues. Corals, golds, mustards, a whole new range of tur quoises, pas tels and plen ty of reds- these are the sparklers women want So to please the women, the autnmn. bile industry has really done an ,' about-face since the days of the i oia expression: "Make it any ; color as long as it's black." The ratio of black today is down to , about eight out of every 100 cars produced. (As late as 1951 twenty cars out of 100 were black.) ...''Li.'''':. JL i New Lighter Colors J '' when pamt companies a few years ago came up with a new white mixture that wouldn't ; yellow in the sun, they gave the . trend to lighter colors a big push forwardLast year pastels and off-white shades began to blos 11,539 N. C. Licence Under Acting under the legal provis ions of the Safety Responsibility Law the Motor Vehicles Depart ment has withdrawn the driving privileges of 11,639 Tar Heel mo torists so far this year. The law specifies that motorists involved in accidents resulting in death, injury or property damage in excess of $100 must show proof of financial responsibility. Vehicles Commissioner Edward Scheldt said approximately a third of the driv ers involved in accidents through November did not have adequate liability insurance " ?..., : Several options, are offered; mo torists inyolVed in mishaps SctSjilt said in an effort to make clearer the provisions of the law. ., If he Ib not' protected by ade- OF CONDITION $ 6,08 1 .54 None None 124,521.90 $113,461.75 "None None 3,448.80 M,977.10 5,200.00 2,906.09 100.49 .$132,094.23 ss: , , i 1 " - 1 of the above named As ' - I HIM CkapMB ' Chapman new carx" . som on every street in America. For the new 1955 , models there are some breathtaking colors which go way up the color scale. borne of today's brilliant fln. ishes resulted from experiments wnn special -snow-car" colors u was found that customers liked and wanted the hues they saw at auto shows, even though told some of them were special colors, not offered In production automobiles. As a result, some oi tnese special "show-car" col- org now are among the most popular offerings. . The contemporary woman has Deen delighted and . will con- tinue to be by the color of her automobile. She was already well versed in ideas of color harmony from her study of food preparation, fashions and inte rior decorating. The new colors in automobiles are an exciting extension oi tnese interests. (Fashion writer, artist, and TV vvTtunamy. miss unanman u n Motive of Detroit and has spent the last several years working with automobile stylists, design ers and engineers at Chrysler Corporation.) - Motorists Lose Liability Law quate liability insurance he may make a cash deposit up to a maxi mum of $11,000, secure a release from liability, or, if within one . . ,,,-.;.yj .-.j.'.-.rr.T r.r?.1. , v: y if . r " - " Sim I Sfc i. T . f 60.00 ,-t - - . ' ...c,... . .pEULi :?;v;.-. - . '')': .:r.;;;,..,....,;..i N ,. it it Ksim -j 1 1 "' ''' 1- soat I I e" Check I 1 tioml Other maters are be- I Sif o ckan.se overtop " 1 strc'e ersines-but only. I 1 - to every trcci . j year no court action is pending the case is dropped. 1 ''Scheldt said that approximately 5,000 drivers a month file accident reports and that about 63 per cent furnish adequate proof of financial responsibility. The other third are notified their license is subject to suspension unless a satisfactory settlement Is made. . . : , ' Approximately 800 drivers a month do not comply and their li cense is suspended. There has been some confusion as to what type insurance is ade quate to comply with the safety responsibility law. : v Scheldt explained it by saying that automobile liability insurance protects the oher driver and his property and collision insurance protects only the owner's vehicle. The Safety Responsibility Law designed to afford greater 'pro tec- "iliviwinsiii ii SEE US FOR SEED BEANS Good Seed Beans will be short this Spnni It will pay you to place your order, -with-us now.to be sure of delivery by planting: time... N - . . ",J We Are in the Market For " - CORN And HOGS WE PAY TOP PRICES f - , , , . PHONE 2841 f J. F. HOLLOVELL & SOfJ WINFALL, N. C. t , v tTL JJ iL ' Look for a modern herV- V,thtga cn?nt lett hr.r, civj vi h 53 longer ring l.'fe. Thsy can (tV9 yea ip f cn csl.'r.n cf r -s b $iv,n1 size truck in a full line-evi.'rL.'a r!:" ; I AkJ 12 ysii wrr.t a SIx Ford's got the mott mcfsrn rLw - h fa jAsbsul , ' v Catwhey :'y. )i.vi-r ; . ' , ! was enacted January 1, 1954 It is volved in accidents caused by negli gent driving, . . ; LARGER PIG CROP North Carolina's 1954 fall -pig crop (pigs saved June 1-December 1) totaled 394,1)00 head, according to a report recently released by the N. C. Crop Reporting Seiice.jSuch a pig crop is 22 percent larger, than the" 650000 head saved -during' the fall of 1953, and is 9 percent larger than the 1943-52 average fall crop The fall pig crop plus the 1,01 j, 000 saved during the spring give a total of 1,812,000 for the year. This is 15 percent more: than the total of 1,381,000 pigs saved dur ing 1953 and is 12 percent i above the 1943-52 average. ' ' " YOUR V : i. - j 0 Tparm Prcd'JCtS Aid In Auto Industry The farmer feeds and clothes the nation and ho also , helps put Americans in automobiles I A vast quantity f farm products' are needed in the manufacture of automobiles, Fairfield O 8 6 0 r n points out in his new book, 'JThe Limits of Hie Earth."-' , ' To make ft million automobiles heffii' is what the automotive indus try requires from the farmer: 89, 000,000 pounds, of cotton for uphol stery,' brake linings, and safety glassr'a half million bushels of m "-mrrmirrik ri '5 1 IX ' m9 M HilSSTI IISJSMSI ybtitCHt'S 07 Pcan bl put outfl V (Commission by gummy sludge and grit When that apj ipens, oil contamination increases and so does tnifur wean rot juu protection and (cneaK and service your oil niter y Ray White, Prop. maize for rubber substituti: alcohol, and solvents; 2. pounds -of linseed oil for core oil; soft soap, and f". 3,200,000 pounds of wool i holstery, gaskets, floor co and lubricants; 20,000 hor-i ' in lubricants, oleic acid, a ' for brushes? 350.0C0' poir " hair for pile fabric and t . " and 2,000,000 pounds of . oil for making enamel. The reason why the race ci moves slowly is t because 5i move all together. ' . ' ' - Thomas I - tf - v" - ii - ii - ijwi - VMi -irirMni'tnruT'wxjaj , i f.-r - L .'V. top performance..,, let us) today. ' i-. . Sp '"" "r "i
The Perquimans Weekly (Hertford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 7, 1955, edition 1
2
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