i(LY LEGISLATIVE SU::.MY
he record-breaking growth of, and non-corporate debt, which in
It in the United States over the creased around $15 billions to an
I t decade and a half, which start- estimated total of $165 billions.
4 I with the Federal Government j The leading factor in this expan
l vln World War II and was later sion was home mortgages, which
f ieed by the private sector of the
eonomv. has reached a new land
markthe $700 billion level.
Preliminary figures indicate that
gross public and private debt com
bitted irose by approximately $26
billions in 1954 to an estimated to
tal ,pf, $709 billions at the year
end. -Based on data compiled by
thU. S. Department of Commerce,
Ui 1954 debt figure was $246 bil
lWrto it 'per cent above the 1945
total and $493. billions or 228 per
cent greater than aggregate publit
and private' borrowing at the end
of 1940. r
Implications Weighed
' Both the size of the debt and the
rapidity with which it has grown
: have raised the natural question of
prudence, just how much of a debt
burden the country can bear with
out affecting economic stability or
the ultimate soundness of the dol
lar. Such questions are taking on
added force these days since, with
the return of a competitive econo
my, encouragement of debt is being
used as an economic stimulus by
; th easing of credit terms for the
, purchase of all kinds of goods and
for housing.
Of course, the growth of debt in
the private sector of the economy
in recent years has had the basis
of the tremendous' acquisition of
usets by both business and indi
viduals, and has also been accom
panied by a high level of personal
savings. For example, business ex
penditures for plant and equip
ment alone add up to around $213
billions for the-nine years from
1946 through 1954. Close to $90
Ullions of new homes have also
keen built in this period, along with
tas of billions of dollars of other
Construction. Consumer purchases
of, automobiles and durable goods
Jlve been at record levels. At the
nine time, personal savings have
been maintained at high levels, fs
Indicated by peak purchases of life
insurance and the growth of other
thrift institutions.
.. Site of Burden Indicated
The expansion in personal and in
business assets and in savings has
been far greater than the growth
in private debt. Right now the; to
tal debt in the economy figures out
around $4,300 for every person
in the population, and personal debt
lone is currently the equivalent of
about $800 per capita.
All major classifications of debt
increased in 1954. The biggest
fains were in personal debt and in
state and local borrowing, but the
(ross Federal debt rose about $4
biDions to a new high of approxi-
were up around $10 billions for the
year to a total of approximately
$75 billions at the year-end. The
home mortgage . increase in' 1954
was the largest annual expansion
on record, and some of it reflects
the little-or-no-down-payment home
loans -made possible by, the 1954
housing legislation.
BPW Club Names
Woman Of Year
(Continued from Page One)
guest prize was won by Mrs. Roun-
tree.
Mrs. Essie Burbage presented
Mrs. Harrell with her president's
pin and presented the past presi
dent's bar to Mrs. Betty Swindell.
During the evening Mrs. Viola
Nachman presented a short history
of the club and a skit of the wrong
and right way to join a club was
entertainingly presented by Mes
dames Roxanna Jackson, Mary S.
Lane, Minnie Wilma Hurdle, and
Margaret Bagley. Mrs. Towe led
the group in singing and playing
games. . '
The May business meeting of the
club will be held on the 5th at the
home of Mrs. Roxanna Jackson.
Winfall News
Mrs. H. M. Jamieson and daugh
ters, Susan and Barbara are spend
ing several weeks 'wjth her parents,
Mr. and Mrs. Fizier in Charlotte.
They were accompanied there by
Mr. Jamieson who returned home
Thursday.
Herbie Jamieson spent Wednes
day and Thursday with Bryant Mil
ler, Jr., Hertford, Route 2.
Mr. and Mrs. R. D. Jones visit
ed Mr. and Mrs.- B. G. Jones Sun
day P. M., in Suffolk, Va.
Mr. and Mrs. J. F. Hollowell and
Mr. and Mrs. Floyd Matthews visit
ed Mrs. Kawalski, who is a patient
at. DePaul Hospital in Norfolk, Va.,
Sunday afternoon.
Mrs. . G. Hollowell, Mr. and
Mrs. E. L. Bailey of Elizabeth City
motored to Norfolk, Va., Sunday
and visited Mrs. W. T. Miller and
son at DePaul Hospital.
Miss Frankie Barber of Elizabeth
City is visiting relatives here this
week.
Mr. and Mrs; E. B. Hollowelf was
dinner guest of Mr. and Mrs. Tom
my Temple iri,Newajid Sunday '
Brenda and Andy White of North
west, Va., spent Sunday with his
sister, Mrs. J. W. No well. Sr.
Mr. and Mrs. R. M. Munden and
daughter, Frances of Suffolk, Va.,
spent Saturday with her mother,
mately $293 billions, and corporate j Mrs. J. W. Nowell, Sr.
debt was up nearly $2 billions to f Miss Hatty Nowell of Norfolk,
an estimated $213 billions. Gross Va. spent the week-end with her
""p iif ;
KISS OF VICTORY Mayor-elect Roe Bartle of Kansas City,
Mo., didn't kiss any votes good-bye in campaigning for office.
' Prize-winning smooch, above was delivered to 8-months-oM Sua
Ann Falcone on election day Itself.
week-end with their oarents.
Burwell Winslow of Camp Gor
don, Oa., was at home for the
week-end.
J. Luther Winslow celebrated his
74th birthday Sunday. He, with
Mrs. Winslow and their son, Jas
per, were Sunday dinner guests of
their daughter' and son-in-law Mr.
and Mrs. Walter Nowell of Win
fa". '
"Rev. James Rahenkamp, Daly
Rountree, Misses Patricia White
and Kay Winslow left Friday for
Cleveland, Ohio to attend a Young
Friends Conference,
The' Men's Chorus of; Up River
Friends Church sang at Sandy
Cross Baptist Church Sunday. Mrs.
Ralph White was their accompani
ment. ,. . .,.;',' . ...
Rev. arid Mrs. P. M. Porter of
Tyner, Mr. and Mrs. Anderson Lay
den, Mr. and Mrs. Elliott Layden
and son, Billy of Hertford were
Sunday dinner, guests of Mr., and
Mrs. Archie' Riddick. ,.
Gale Winslow; ajrtudent of N. ?.
State College,' spent (be week-end
with his parents, Mr. and . Mrs.
Dempsey Winslow. .
Mrs. Alvin Jordan and son, Ray
Jordan visited Mrs. Alice Winslow
Sunday. , '
Clyde Lane and family visited
-Mr. and Mrs. George W. Baker of
I Hertford Sunday. '
The Tom Riddick family visited
his sister and brother-in-law, Mr.
and Mrs. Edmund Jacobs of Nor
folk Sunday. j
Mr. and Mrs. Howard Willianjs
and'ibVi Steve,, visited Miss Lena
Winslow and brother. Rranninir.
ISuhdayJP. M. -
BELVIDERE NEW&
. The .Northeastern Press Confer
ence.; of ljhe (ten schools in the dis-
trict met at WeeksvilTe High School 1
Wednesday. William Byrum and
Lois Violet Winslow from here, ac
companied a group of students
from Perquimans ' High, andi Lois
Violet was elected vice president
of the conference for the coming
year.
Mr. and Mrs. Maxie Chappell of
Norfolk, Va., were Sunday dinner
guests of Mr. and Mrs. Curtis
Chappell. . .
f Mr,, and Mrs. Carroll Williams
and children of Hertford visited
the Claud Winslow family Sunday.
Lois Violet Winslow and Ann
White attended the party, honor
iftf members of the Perquintens
High School Glee, pub,. Jdven n
the home of Mary Eiltotr'BMnn
Friday evening, following the an
nual concert.
Miss Mary Ann Roberson of
Mrs. E. L. Winslow and daughter,
Mrsi Norman Day of Edenton, Rt
n . 1 'li
Hertford spent the week-end with friends and relatives here.
Federal debt includes amounts
owed by U. S. agencies and certain
categories of debt not subject to
the statutory limit.
The largest gain last year was
in the classification of individual
Perquimans GOC Is
Alerted For Sunday
The Perquimans Ground Observ
er Corps will participate in a
twelve hour alert beginning at 9:00
A. M and ending at 9:00 P. M.,
Sunday, May 1st.
The name of this exercise is
tnown as "Skytrain 111". Its pur
pose is to serve as a training exer-
fflt'to increase efficiency at all
levels Vf Civil Defense, testing of
! eomvnunfation facilities and to de
triflp interest in Civil Defense.
..This test exercise which will in
volve several Southeastern States,
will include approximately 250 ob
. servation posts in 57 counties in
. North Carolina in the Durham Air
Defence Filter Center area.
Siife the observation tower has
' not een completed, the observers
wf report to the Municipal Build-
Safety Film Shown
At Rotarv Meeting
'-..!:'.-., -. . , .
A safety film, "On Your Honor,"
sponsored by the State Department
of; Motor 'Vehicles was the program
subject shown by the weekly meet
ing., of i the Hertford Rotary Club
last Tuesday night J. R. Futrell
wit in charge of the program for
the meeting. '
, t The film, a timely subject on the
program of highway safety, dealt
with some of the accident-producing
habits being practiced by car
drivers these days and proposed a
code of honor to be adopted by ev
ery motor vehicle operator to pro
mote safer driving conditions on
the highways.
' I Hof4 fefttnj jt is; difficult, to, be i
wisely charitable to do good with-i
out jRjdtivlying.the sources ptjeviLj
F"Hi- John Ruskin. j
mother, Mrs. J. W. Nowell, Sr.
WKITFSTON NKWS
Pfc. and Mrs. Clifford Winslow
of Fort Jackson, S. 'C, spent the
You HAVE better
auto insurance now
Since April 1 our auto insur
ance policy holders are better
protected than ever before.
On that date the auto policies
we have written were auto
matically broadened to give
you still more for your mon
ey. Want to know the "big
ger buy" auto insurance of
fers? We'll be glad to ex
plain it to you.
FIELDS
Insurance Agency
80 Church Street
PHONE 5601 OR 4511
See Us For
Rock
Sand
r Bricks ,,
Cement
tAt Screen Doors
it Screen Wire
I
Harris Plumbing &
Building Supply Co.
f, PHONE 5401,
Hertford, -- .
PREPARE NOW
For Storage of Fruits and Vegetables!
Enjoy Fresh Food All the Year!
We Are Dealers For
The Famous
"DEEP FREEZE"
Home Freezers
Sizes and Prices To
Suit Your Needs!
.TERMS IF DESIRED!
WE ALSO HAVE A COMPLETE STOCK OF
freezer faper- Coiitaiiirs f
Bags and Sealing Tape
CAN WITH EASE . . SELECT A
National "Presto" Canner or Cooker
From Our Store!
WE STOCK A COMPLETE LINE OF PARTS FOR
THESE FAMOUS CAXNE'RS.
Hertford Hardware & Supply Co.
"Trade Here and Bank the Difference' ; ; v
PHONE 3461 -:- HERTFORD, N, C.
USED CARS
1955 Plymouth
4-DOOR DEMONSTRATOR '
1953,I)odr;e '
, V-8 CLUB COUPE '
1953 Chrysler
N. Y. 4-DOOR
1953 Plymouth
4-DOOR SEDAN
1953 Plymouth
CLUB COUPE
1952 Nash
2-DOOR SEDAN
1952 Chrysler
4-DOOR SEDAN
1952 Plymouth
'4-DOOR SEDAN 1
1952 Dodge
i 2-DOOR
1952 Chevrolet
BEL'AIR 2-DOOR
. 1951 Ford
j - 'f. 4-DOOR SEDAN '
ffl95rhevrolet'i
4-DOOR SEDAN ' '
1951 Plymouth
' HARDTOP 1
1950 Plymouth
CLUB COUPE
1950 Ford
2-DOOR SEDAN
1949 Chevrolet
4-DOOR SEDAN
SEE US FOR BETTER
BUYS IN USED CARS!
msr-
For,,.
Fishing
Here are the rods and the lures that are getting the big ones -i
this year! Everything to make fishing lots of fun with more
fish at the day's end...
WEHAVE YOUR NEEDS!
rods reels baits lines
hooks-corks-siXkers-poles
? tackle boxes minnow buckets
landing nets minnow seines
BOAT SEATS AND jcUiSHIONS
LIFE PRESERVERS SPORT CAPS 5
OARS PADDLES-THERMOS BOTTLES
THERMOS JUGS AND ICEBOXES
We Also Sell Fishing Licenses and Permits
AND18HJ. Mercury Outboard Motors
Hertford Hardware & Supply Co.
v Phone 3461- ' r Hertford, N. G -
BWWBHMWLsssssssssssssBBBM
Ji o Jiine
. .
Overton 9s
LOCICER PLANT
SPECIALS APRIL 28th - 29th - 30th
FRESH FRYERS . . . Ready For Pan, lb. 49c
PHONE
5091
43c
WESTERN GRADE "A" CHUCK.
Roast Beef, lb..
. FRESH GROUND
.:Bfief,Ib.u'-.l-.
,. WESTERN GRADE "A" ,
- Rpund Steak," lb...
WESTERN1 G RADE "A" '
T-Bone Steaks, lb.
WESTERN GRADE A" : .
Cube Steaks, lb: . . -J. . :79c
Fresh Beef Liver, lb. . . .39c
Fresh Pork Liver, lb.. . . . . .29c
.79c
..79c
LEAN CUT
Pork Chops, lb 69c
CORNED J r ,;LB.
Shoulders and Butts. ...29c
Spare Wbs;li;.:39c 4
Loose. Franks, lb;. : . . . . . .35c
Fresh' 'tg$, .doz,i: : . . . .45c
Ducks,, lb. ..59c
GRADE "A"
Turkeys, lb. . T.59c
WE KILL HOGS TUESDAY-CATTLE WEDNESDAY
WE CLOSE WEDNESDAY AT 12 NOON ,
WK "DFIT.TVFTT? CAM. , VRTORY TAV
essage
Voters of Winfall
'"' ''....'.... ' ' .....'-.:.'
On next Tuesday, May 3rd, you will elect the Official Board
for the Town of Winfall, and we, the undersigned candidates,
respectfully solicit your vote and support. .
In spite of any rumors you may have'heard 'to the contrary, if
elected to serve we hereby pledge.that.w-e, wilj endeavor to carry
out the duties of the of f ices to the1 best of bur ability, giving
everybody fair and equal consideiation. o .v. ".". 1
WE WILL ENDEAVOR TO: , y y 0 ;r . ;
1. To maintain an adequate street lighting system; the up
keep to be paid for by the Town. " v
, - - y
2. To cairy out the operations of the Town of Winfall without
- any increase in the present tax rate. - ' ,;
3. To plan and carry but a street improvement - program as
funds become available which will provide Winfall with an
excellent street system.
WE PLEDGE TO KEEP OUR CHARTERER WINFALL
It will be our aim, if elected as your Official Board,' to retain
4-1
wup ijicui-yurabuig- uitj i own vi vv lazily carjvying out uie
laws as set forth in this Charter. Cl - 'X' S :V:"
axe prouu oi vvinian ana wiji worK towara ft, aqvance
and progress in, the future, as provided frwitiiift:tnl!
. - . , . "... r 1 rv '4f'"rir'T "v
We
ment
t Charter.
NATHAN MATTHEWS, Candidate for Mayor 1
D. L. BARBER, SR.,
D. R TRUEBLOOD, t
. ' -.'.."'.'.',.'.'.'... .'ii.V..'"1. - - -:" V
ELIJAH WHITE, "
t