Newspapers / The Perquimans Weekly (Hertford, … / Oct. 13, 1961, edition 1 / Page 5
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THE PERQUIMAKS WEEKLY. HEHTFORP. KCaTH CAHOLIW'A, rWPAT. OCTOBEH 181981 pacs nrc The National Oullook What the Consumer Price Index Is Saying 1 , By Kalph Kobe than it was at the end of 1959. j Pa, where they are visiting i?fsxlM!5. .(plus ;$.. billions 'from All of this is history. ; Does it j atives and friends. give us any indication of what to expect in coming months and the next-few years?,; ..."i Fortunately it does. It clearly Indicates that there is no basis U r. i . - '.v. ' C , -i indicates thajt there is no basis spent tne weeK-end V Changs of. one-tenth, of one more, than a year before it is lor expecti " sh . f and Mrs. W. J. Davis. per cent in the Consumer Price Index are not important unless they continue ; month ; : after month. When there is a decline of. this amount, there lore, . as , v consumer prices" in the next few i r h ,".- j- " . montns. ! ine : most rapid i- Thatch the index has risen a little over i v : i uj '. r vavaoc ui.uic juacA wc lldVC llttUi one per cent. That is not much, n recent vears ' was from 1956 but unfortunately the index has ipsn nH that nmnnnt- tn there was in August, it does no. been on an uptrend for the "past 'jess, than' 1F points. ,'' fuuicHi.f inai me unmoral Litmu'civ vnarv . "nn itpm amipn nac trust funds). ' .' ':-, Chairman Cannon (D-Mo.) of Wck-eM ' Guiti ,; jthe House Appropriations Coin- Miss Peggy .Parker and Au- mittee, reporting on the : fiscal brey Davis . of Winston-Salem situation, said he felt he must spent the week-end with Mr. warn the people of the United .States that the public debt is at an all-time high of nearly $293 billion. , The $23 billion increase in the Everett of; Florida, : is changing. But the history also gives us t . ; : . ... . This index is compiled by, the ithis persistentVmcrease has been we shall hav appreciably low. Bureau of Labor ' Statistics. It ervices-rent, Wdical expenses ' w consunwr xe last is .the nearest thing to-a .electricity, gasoline, barber and W the index declined from living inaex mat we- nave, ui actually it is based upon . the spending habits of only., urban workers and has only ; an acci? dental relationship to . what , it f Food is the ' most unstable contributed most consistently to ' beauty .shop prices, and so forth, ! Almost every month the aggre- j gate of these services shows a rise.'1.,"'-" '. '':' ' costs anyone else to live; . IIow--ever the figure is usecjn" all Wi ia- - i mi.:.. means that no other figurevcom piled by the government, with 'i the possible exception of that on '' unemployment, has such faf i" reaching effects within the eco- .1, .,. " i ':- . i-iiiiimi iii , wii.il m i liii i u a ir "..',. of the government, 1047-49 is V The base is, going to be changed for all indexes in a few months in order to have it more recent - is being , comijletely t revised with.' a view of making certain r that ; it reflects the goods, ser- vices and spending habits of to- large item in. the index, and ne cessarily it ' is assigned a heavy weight. It was largely re sponsible for the drop in Aug ust and it was the primary .cause for the increase of four-tenths of one per cent in July.' From faf-i thfi middle of 1958 until March 1960 there was a general down ward trend of food prices, and since then, except for a few months at the turn of this year, there has been a gentle up swing. ' ' .. j All Commodities other than food : increased in price as a frouo from " 1958 until the end of 1959, then declined until' a few mpnths ago, and recently have shown a: slight rise. AH' of these , changes have been most v t?.. si " i e j deDt during the past eight years, 5'am Jn v, Satrday..f?" he said, is equal to the total na St C ' J I' r I " S !iSU"l "onal ebt accumulated in the ing Mrs. NaPolngj ; m f the Republic. As a result, the ' total now rep resents a ; mortgage of $1,595 against every living , American i If slate and local .debts are in- j eluded, the per capita debt ap iiuAAimiiieiu I ' ' ' ' ITi'i'i " -i.-i.-i . i.i ' i -n i i, Anttw BvAME$'W. DOUTHAT i- itatunV Vc 'Frmldont, (luverninenf ne year to the next was be tween 1954 and 1955, "and that was' a period when federal gov ernment expenditures were be ini' reduced. Today, of course, government nd does not necossarily reflect i suondine is erowine bv leaDS i nAW P"cy or position. ! ficlutuinn Wivlilon nf lh. Nutli.iuil NO COMMENT; is a report oi lncinenii on tn national scale, ductivity, means more and morejvin Wright in Elizabeth City, inflation We now have both. Those from Hertford, besides "In 20 years we have lost 1 the guest of honor, were Mrs. BIRTH ANNOUNCEMENT Mr. and ; Mrs. Frazier Miller announce the birth of a second ; more than 50 per cent of the Jack Kanoy and Mrs. Walter1 son, born Sunday at the Albe marie Hospital. - Mrs. Miller Is the former Miss Nita Goodman, HOSTESS TO BRIDGE CLUB purchasing power of the dollar. J. Kanoy. Let us, in all seriousness, ask ourselves: MISS MARY THORNTON "How disastrous will it be if LASSITER DIES IN FLORIDA we continue inflation - breeding ; ' i . ,t policies which appear to be on' Tne news of tne death of Miss' Mrs. Charles Whedbee was the increase when our concern Mary Thornton Lassiter of Day-! hostess to her Bridge Club on should be for return to fiscal re- tona Beach, Florida, on Wednes- Tuesday, night at her home, sponsibility?" L I day, October 4, a former resi- Those playing were Mesdames Economy leaders have urged dent of Hertford, was received V. N. Darden, B. G. Koonce, that during the recess the peo-' in Hertford Saturday afternoon, T. B. Sumner, Donald Norman, pie back home discuss seriously ! 0ctober 7- she was the 'daueh" Roulhac McMullan, Nathan with the Senators and congres-1 ter of the late Rev- Benjamin 1 R0fe, Miss Thelma Elliott and .ional representatives the vital skinner and Mrs. Alice Gordon Miss Kate Blonchard. The necessity of cutting back on do- Lassiter. She is survived by one high score prize went to Mrs. mestic programs, when the inter-' Slster- Mrs- Louls G- Cutlar of Sumner. A. sweet course was national crisis '.efense costs. requires rising Daytona Beach, one niece and i served. one nephew. i Her father, the Rev. Mr. Las- BIRTH ANNOUNCEMENT siter, was rector of Holy Trin Mr. and Mrs. Edward Jor- ity Episcopal Church in Hcrt- min'.tie of dan announce the birth of a ford for many years. Burial day.' Such a revision is an 1 moderate, and the index . for ehoitnous job' and it, will be such- Hams is no higher, today , W $ 0.10 pint I P 0 II ::86 . ' r, KVV proqf US J ' WT 11 , SON COMPANY o ytart out 70fTaiHiuutraltvitil and bounds, and all signs point to a continuation of this unfort- ...c.,u. w .:have received a serious setback time for such outlays to work at the ' hands of the 87th Con- proximates $2,000 $8,000 for e lamiiy of four." Mr. Cannon has pointed out that it now costs $3.6 billion an nuallyover $21 million a day over Slfi.nnn pverv every ' hour of every day and daughter, Louanne Sarah, born was in the family plot in Ma Washington.--The forces sup-' night of the year just to pay Saturday, October 7, in the Al- rion, N. C. porting economy in government , the interest on' 'this staggering bemarle Hospital. Mrs. Jordan debt burden. i is the former Miss Eula Mae He said that only 23 years Morgan. ' Ika .nnnJini, Bn. ,1,. lUn 1 f , I 1 : iui tuc apcuuiiig ou- jiiij 111c: uifAi in inc triune: guv j gress through the economic system- at. least to have a direct effect tnority authorized by this .Con-' renment was less than the cost HOSTESS TO BRIDGE CLUB upon consumer prices V- but it will be only a matter of mpnths. Our judgment, therefore, is that the Consumer Price Index will remain substantially stable through, say, the remainder of gress has exceeded that of any today for carrying charges on year in history except for three the debt. war years. ; The most common rniscon- Yet the setback has not beenlceplion about the increased ex a complete rout. For the ap-1 penditurcs is that they are ne- jsropriation bills reflect serious cessitated hy defense and na tional security. But Mr. Cannon this .year, and perhaps tnrougn' w. nn 4h(. nart ,nf pnnXr the ; first .quarter of 1962, but sipna, CQtIme Vj.... , about then we shall see the be- The over.all administr4tion ginning of a rise, of disturbing budget reqUests..for the current proportions. year totaled $85.6 billion. "The W... ..".. i E House of Representatives I re- i nnnciAM a T TrntiHf C I duced this budget by more than iTCUOUAU X X SUlXkiJ I j2 billion. . . , The Senate restored some of llil Brock of From Elizabeth City . v Mr. and Mrs. J. R. Elizabeth City swent Wednesday with Mr. and Mrs. Grayson Jor dan, i From Atlantic Christian Carlyle Woodard, Hubert Bur den and Miss Mary Ann Rob ertson, students at Atlantic Christian College in Wilson, spent the week-end. with their respective parents. In Arlington v. Mrs. W, F. Edwards ;Jeffc Satt urday for Arlington, Vs., jwhere she "is visiting her daughter,) Mrs. Esther Cutler. Sunday In Washington'.. Mrs. Dirk Brewer spent Sun-. day in Washington with Tela,- . xyy.es, , , Reru'rned Home ; . Mrs. Thomas 'Tilley ; and . Mrs, Charlie Elliott 'i have : returned home after "spending 0 d:ys with Mr. and; Mrt. JohnMelby at Madison, Wisconsiii, , A ! , . i ' i '.iU ' Visifing Relatives ,,. ; ( v M Mr. and Mrs. Joe Caravello left Tuesday for; Philadelphia, ; , , v .i:f-m'mnJ ''''' ' ' J iiwir' ' - "'-a-r,r.,-,mm,,, , . I1J ; y " .IMIIWitfiWgiigW'v.v"'' " 1 ,m I . A new LESCO Homeowner... and mighty proud of it! ; "I giJrss youd call me average good job and a family that needs roorft : to grow in. We have that room now in our beautiful new Lesco, Hbrnel" ' t That's what every new Lesco Homeowner is saying. The 1961 series Lesco . ; u.Home ha$ changed space into spaciousness . ,.; large living rooms,. full dining rooms, up to 4 big bedrooms.. There's generous storage areas, plenty of ... .'!.;. closets' . . easy-care finishest modern, , built-in kitchens and up-to-date , 1 -exterior finishes.""See the best of designs' in Colonial, . ' . - 't ;"' 1961 series by Lesco Homes. , v jf .o 'T'. , - r m ... - PHONE 2163 OR 2164 For Complete Details l:st;;:lt representative V . ! P. O. r ' .' Edsiitch, N. C. the funds but still the Congress cut the -budget by $1,400,000,000 to1 '$84.2 billion over-all. Furthermore, these appropria tions include some of the funds originally intended to be bor rowed from the Treasury through so-called "back-door" financing. Despite these accomplishments the budgetary situation is very alarming. The total continues to grow, and it is widely feared that Senator Byrd's recent pre diction' will prove correct that the federal budget will reach) the staggering 'total , of $11)6 billion '.v ,J llliqn trrr has shown that while national security spending is only $500 million more than in the fiscal year 1954, other expenditures h.qve risen more than $16 bil lion or 81 per cent in eight years. Many in Congress, .have called for a continuing campaign for national belt-tightening. Some economy advocates feel that the Kennedy administration may be able to present a bal anced budget for the fiscal year 1363. but what concerns them is the high level at which the bud get may be balanced. Senator Byrd's projection of federal expenditures concluded with this warning: "Deficit spending increases public debt. This, accompanied bv increasing . wages without commensurate increase in pro- ',0 ii U Mrs. Trim Wilson was hos tess to her Bridge Club Thurs day night at her home on Front Street. Those playing were Mesdames C. A. Davenport, J. R. Futrell, S. P. Jessuo, W. H. Hardcastle, W. H. Pitt, C. R. Holmes, H. A. Whitley and Na than Relfe. The high score prize ' went to Mrs. Relfe. A sweet course was served. ENTERTAINS BRIDGE CLUB Mrs. J. D. Coston entertained her Bridge Club Tuesday night at her home. Those playingi were Mesdames J. T. Biggers.i C. E. Johnson, T. L. Jessup, C.1 R. Holmes, Miss Fiances New- by, Miss Louise Chalk, Miss I Mary Sumner and the hostess, j The high score prize went to Mrs. Biggers. A sweet course was served. HONORED ON BIRTHDAY Mrs. J. E. Everett was hon-: ored at a birthday dinner on Wednesday in celebration of her birthday. The dinner was at the home of Mr. and Mrs. Mel- From prr si riplitnn to cold rnirdic you can count on us HymptomH 1 S &-.M Pharmacy FREE DELIVERY . . . the fire and extended coverages, theft, and per sonal liability insurance you need for complete HOME INSURANCE PROTECTION Call us for rates and esti mated SAVINGS! Brinii Insurance Agency 143 North Church Street TELEPHONE 5601 Hertford. N. C. Support Your County thru Perquimans County Chamber of Commerce Thfifre1s a beautiful I difference in the low-price field! 1. I.- ,,'v,.A m m mm m W r n n nn ROOM TO RIDE ..'. sleek new dimensions haven't .diminished-Plymouth's traditional full-size room iness' family-size comfort 1 t , '' . .';'. : : ' ' . . . V .''.,'- RARIN' TO ROAM ... called by experts the hottest riewi car in.its price class, a production line Plymouth really steps out in style! BUILT TO LEAD... completely new in the way it looks, drives and saves, 'Plymouth clearly sports the look of leadership iu the low-price field 1 BUILT TO LAST. . . Plymouth is put together to stay together, return more of your, investment at resale it's quaUty-emjineered by Chrysler Corporation! There's one waiting for you now at our showroom! '' )' V T0170 : illotos -.'Company,' Inc. Dcbb St. Hertford W. 1 License Na 1690
The Perquimans Weekly (Hertford, N.C.)
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Oct. 13, 1961, edition 1
5
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