- THE FERQU1MANS WEEKLY K5aTFUKD,.X0EtU CAlIOLIilA,! JfKXDA,. .' DECEM BEE i, !l955. L
:on Coverage; Stability
J Dollar Is Key To Benefits
UighUghtet. by the pid ppan-I of future buying power. Obvious
"t in. the private sphere oyer the I ly, therefore, fontimied stability of
tVi-t lU.iMdo, -tile fta'nP nrm ga" a
jlar-i'eachmg system of pension- pro
grams which contain the promise o
a significant measure of financial
independence for tbe great major
ity of. tb working population upon
retirement. ' '
" A major contributory factor to
, this prospect tor' millions "of . per
sons is the penitence-with -which
they have been aMjng;W their .sav.
inga yea:after year, ag evidenced
in, (he growth of tbft people's "nest
gg" fl life insurance and other
Ipng-rni-gefsonal saving to the
current equivalent of around $4,
IQQ household.
J Thee Broad Types
; The system of pension and re
tiremfnt programs in effect today
falls naturally into three broad di
visions private. State ' and local
combined,, and ' the FederaMy-spon-gored
group, They differ basically
i in certain important respects as re.
yards their origjn, operations, and
philosophy, especially those in the
Federal category'"" However, they
have two fundamentals in common.
The firstjjg that the benefits in
all the prog-rams represent clajmit
a future production. Right now
thas claims translated into bene
fits are retotiveHy. small because so
many plans are in the buildup stage
but they are certain to grow great.-
lji in the futji jThU means that
: tbe economy', must continuevto. ex.
pand and productivity to increase.
the- second is that retirement
benef ita are essentially a promise.
AFTER THANKSGIVING SALE
1 , of the remainder qf our
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irzz
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i . i 2
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Hertford Haidvarc Supply Gonrtiny
the-:-dttftar-f! ""jf vltrrt consequence
tq our increasing number of older
persons as well as to the nation at
large.
Tb Private Plans
Pension plans originating in bus
mesa and industry, Insured and
non-insured, represent- a flia jflr .segv
menj; 'of. IChe nation-It kyWm or re-
tieemtnt Jirogrcfrus. These private
ptails 'are primarily the jt4duct'o'f
free negotiation and decision.
. Private pension 'pnd' tlftjufept
plans, ''"insured 'hnd'1 nofiLMsured
combined; had' ssfit$;f ;abaut? JSB.
billions at 'the end'ef 1954,' or mofe
than a third of all the assets of the
programs for which the figures are
available.' They covered approxi
mately one out of .every four work
ers excluding those in agriculture,
awl on, the public payroll, ant they
are' growing at th irate of about
$3 billions a year. '
, The second broad type is compos-'
ed 'of State ami local retirement
urograms,' which in a number of
ways are analogous to private.
plans in ,tet-up and practice,: In
1954, State and . local programs
combined had total assets approach.;
jng JJ9 billions, and are growing at
the rate of more than a billion dol
lars u year. Cased on the, most lu
cent figures published, they cover
about two out of every- three per.
sens; of the nearly .5 pillion , on
State and local payrolls. ,i
Three programs sponsored by the
Federal Government represent the
third division of the nation's re
I ' 1 I ' I
S
r '
- n-ii . i r
: A-l :
Ml
tirement system. . Thesaj are Civil
Service Retirement, covering the
Federal civilian payroll; Railroad
Retirement, who) coverage is im
plicit in its' name; and the Old Age
and Survivors program, which now
cover the predominant park of the
working population. These pro
grama had a cembined total of ap
proximately dfi billion! ttt M8t
last year,
. Investment Pattern ,
f All three Federally-sponsored
plan are the result of Cengrea-
iksionaf action, ,,. QASI and Railroad
Retirement are further distinguish
ed fro.pi ether plans in fh'at they
aj igreinided; in the Government's
taxing power to collect the funds
i meet ttMr obligations. Also utt-
UA&ii ' neentits are not neees-
ajS! rfr tot contributions
ii Mi'uMlividnal case. .vHr v
In view of thefc size and rate of
growth, funds bf these magnitudes
inevitably have major economic as
well a-j social implications, particu
larly in view of the enormous de
mands1 for credit and investment
funds in recent years to keep pace
with the neetaeular Growth in nro.fout or we errective area or eenwoi
duetion and jobs the country ha.f 4,16 j?f,jr:i
enjoyed. Here, too, there are basic
differences between the funds. .
The private plans, and to an In.
creasing extent those of State and
loca govern meats, have become m
im)ertant. souiwe of capital and n
vestment funds for business and hv.
dustry, and are thus contributing
directly to , the dynamism of the
economy and to its future growth
potentials. For example, while the
reserves of insured pension funds
aiVj commingled with I nil : life in
surance assets, indications are that
insured and non-insured funds com
bined had approximately $10 bil
lions invested in corporate bonds at
the end of 1954, or close "to half
their total assets. They also had
nearly $3 billions in common and
preferred stocks, mostly held by
the non-Insured group, and about
$3 billions in mortgages.
In recenji years, State and local
retirement funds have put increas
ing emphasis on non-governmental
securities, .and last year had mere
than J2 billions of such - invest
mcntf, or jast under a quarter of
their combined assets By contrast,
IT.. S,-sponsored funds, rooted as
they are i(in, Government decision
ano),. action, are luu per cent in
IT. securities.
V r ' Points Of View
Poetic Raver (to farmer) : "And
does this glorious setting sun mean
anything to you ?" -
Farmer (mopping his brow)
"IH kay it does. It means I can
eventually unhitch the horses and
go home."
oBotiiess Tm
FSMESEJES.'"""
I - t i j
aa Ps i .Vfti
Bulcanm In India
SitntfJeanee Of Jeqmejr
Administration Expect Peace ;
CoAtrellin The
Washington The visit af PreiA-
iei ' Burganln and Party CKWi
&lunisJteJMV4 -lna, wfticn ie-new;
in pjwgwnv la anjeurhdy ftsT
tend aiawftcance. When viewed,
with Ji' -knowledge' that 'neither
Joseph StaW inor Geerfci MaJenKoY
wevtk) have nigd auchj a itrip, even
in theteipfiBuasia'tfawign
relations, one see. the. depart
ure from expected; procedure Bul
garia and Khrushchev are making.
Malenkov never went outside of
Russia in all his years as party
chief and then Premier.? Stalin
would journey just outside Russia's
borders en rare ocacsions, but only,
when his trips did not take him
Bulganin" and Khrushchev', are
thereby trMng harder fpr inter
national understanding and geod
will. Moreover, they are less sus.
pVioue,. anc( more flexible j their
approach to foreign relations. They
hope t convince . the world tkat
Russia really wants peace, and that
Russia's leaders are eager to- co
operate , toward 'that end which
they probably de at this particular
sage of affairs. 1
of Your Cold?
. w AM. ths iaVMttty
tainrt all ymptoma of a .",
cold. 666 eombinw 4 potent, widely
prhfH drug and (iVe pontive
Sfamatie reeuU la of heUif.
Um eambinx thewpy vei tM,
; af yP'
can match 666 liquid
or 666 Cold 7'oWi. -
AND . . .
H ? : ''."iv.--..';'-;;;K:v:-:;'-,:;''1;'' ';.:;::'.:'iy' rVi';c
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ar- , '
' t Plymouth. Together with Plymouth's low price, your' dealer
offers a modern flnaneiflg plan that can be tailored to fit
' , yur budget without pmchfng. Ask hftw about it today I '
1 . JLnil wh you're there,.be s.urtq $ry the new Hy
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r ad instant "safflty-eprint" acceleration Wlwit an cngina t;
MO V-8
MUM r
: President :: Eisenhower v cannot
match the Russians at this June
tre, mile fev mile. The paoe the
two leaders of Russia arp setting is
a -fast one and there mn signs that
it might he telling - Balganiiw
?ut the Russians might he making
progress, This i the epinien ef
some tUptomatic officials in Wash
ington, '". - 1 '
. The Red leaders made seme paro,
press in Yugoslavia. They are ex
pected to visit England next sprint"
tM are vlsltmg Burma and1 ' Af-
gnanstan after completing their
Ji8 - day Indian vlsit.l The orrent
i. thev are on wH Italte them eWt
9auw uu vu runt any ir;iruvfi.
But even if the Russians improve
their stock with some countries,
the very fact that they are) striv
ing to create friends mi imnfave
the Soviet 'position in world af
iaiva eeems to some an indication
that they .are not : expecting - any,
major,' war with the yrestem pnw
erd goon. ' They are obviously look
ing to a long-term struggle with
the U.S.., -
, In this leng-ten struggle they
will need friends and they will
have to expand trade with various
eou-nWies- of the World, It could
be that expanded trade is the real
purpose of the present Soviet trip,
In the ease of Indian- coming
llcu$ev;orf(
Easy Without ,
Nagging Cacliacb
. -Naegine eackacha, headache, ihuacula
ohea ami paina may hm m with ovsaHr.
tion, emotional upaete or JaytolayBtrBa and
train. And f oiks who eat and drink unwisely
ometimea auffer mild bladder -irritation
...-with that reatleas, iMoomfortafele-feeline,
- If yoa are muwrable awl worn out IteeauM
of these dieeomforci. Doaa'a PUkl often help
by their pain elievina! action, by their aoeth
ins effect to ease bladder irritation, and by
their meld diuretic etius through the kidney
ten dina to Vk8 the utpu ( the II
miles of kidney tubes. i
So If aassins backache makes you feel
drairffed-out, miserable. . .with restless, sleep
less nights. . . don'twait . . .try Doan's Pills...
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DoAirs Pills
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a new Plymouth
j3Xh .valto ? Wa;hpvfrom . Plymouth'
p avaflabts W.h PovrerPak in iH --w-UiNKlyi;
it 1W V lp. If P"' frr iper-icow.-.
great pewerwthe motN ts probe-
bly two&Ud, betterinf tht ntireen
the countries- and openinf up new
avenues ef trade, . ,
The; Administration takes the
view that war is not, probable with
the Russians -in the near future.
That is why defense cuts will stand
and why the President has in
structed his Secretary of State not
to do anythinf which would indi
cate that tlr United States be
lieves the cold war will he intensi
fied as a result of the failure of
the Geneva Conference. ' i v " '
I At xne 8hhi unwi, mere is ime
Jhance India will be able1 to pres
sure the U. ' S., into agreeing to
anything like a $1,600,000,000 Juan
as Iwa been suggested at New
Delhi in recent day.,' -,
The first hint o? such a desire
came from the Indian capital just a
few days before the Russian dele
gation, including' Bulganin and
ARE YOU FULLY COVERED
by good
CLYDE
PHONE 4lft6'
Jo. i
li
''?.Vi;,The!car .that's goinp; place's with the Young in Heart
' ;'-" r r If 1 1 - :;-;3 ... ;i it. i. ': ....... f
is easier to buy
- Fir'e
L
nw $5000,000 r-y
S'. P:.-rf S-burbw. Or t"-:
? f ' i f " t 6--'
1D7 r-
' tn
f
:tv.f.v--.:i-,.?V: 1:
1 Khrushchev, nrrive for It? .visit,
If the Indian iiopt to'piayfne
U. S. against Russia, and ,?ae" which
power will promise her the most
Washington will not be caught in
such a game, '
The Eisenhewer'AdmiiiBrat?H
Ts still concerned that the present
business boom could get put of
hand. That, explains th recent 3n
teresd j jhige, by Federal , Reserve
bankain all parts of the country.
: This action tame as -business rec
ords continued to topple and as job
total i 'reached; an . all-time- highi
Wages are also at an all-time high.
BuHines and corporation profits
are at a high. Construction next
year; is, expected to exceed 1955
construction and. automobile, mak
ers' ar even "now saying that 1 fW6
auta sales wilt surpass sa5es this
year. ,:. h 1;.;,-,-
With all thee factors going, with
record Christmas buying boom
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C.
LANE
HERTFORD, N. C.
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Eoct bviy riST7bcttcr
,e re and Suburban lines. In -
'cy a
) r
'
"i ft ir5 lr 1
eestjn and with stocks at feuk -ncar.bighsj'thd
gbvernnii.'..t sou .t
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6ar6 of thanks
We wish to express'our sincere
thinks and appreciation to all for
the many' deeds of kindnesa) nd '
expressions of sympathy during the'
death of our beloved Husband' and '
father, B. 'X, Stalligs, alse for the
beautiful flowers and Use of cars,
MRS. fl. T. STAW-INGS
' AND CHILDREN. "
ICELAND STANFORD
" believe that most good
y men who disagree never
have tried to understand
one another. , Tbe greatest
jruit of understanding is
cooperation." t ' '
WE study to encompass the
real needs of each occasion.
We arrange .all details with
harmony, and the service oc
: casions. respect, k fc; S '
It
: ' C
ml
1
rade-in,. too
- d r
-
I
KAMt-atlW-' W'MaW.