Newspapers / The Chowan Herald (Edenton, … / July 24, 1947, edition 1 / Page 2
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PAGE TWO Scoutin' Around By PETER * . CARLTON “INEXCUSABLE” depression talk: “We are not heading for a depression, and could not have one if we wanted to,” says Arthur D. Whiteside, president of ‘Dunn and Bradstreet. “We had better business last fall and the first quarter this year than ever be fore, and with very few exceptions, are still having good business. There is no reason why business in general should not continue at a highly profitable level with segments slowing up from time to tipie as production exceeds the current demand.” o Healthy conditions seen in U. S.: “The United PETER CARLTON States may get a mild depression, due to post-war distortions,” Win throp W. Aldrich, president of the International Chamber of Com merce, said. “Corrective recessions of this character are not accom- panied by large unemployment or great deflation. They are necessary to reduce costs and prices to a level which permits an economy to func tion to best advantage. Moreover, they serve to increase labor produc tivity and managerial efficiency, and lay the basis for further improve ments in living standards.” o Depression ahead just talk: “The possibility of an imminent economic recession was dampen ed by Jesse H. Jones, formerly Federal Loan Administrator and Secretary of Commerce and one of the country’s leading financial figures. “I see no possibility of a depression in the near future. There is urgent necessity of con struction work of every charac ter, public and private, through out the country. There is a shortage of homes to live in, and homes for business. There is probably not a city, town or vil lage in the entire country which is not far behind in essential im provements, that have been neg lected during the war period. Most public utilities have im provement or expansion pro- PARTY CAKES FOR THE KIDDIES GOODIES FOR ANY TYPE CELEBRATION BY Walter Bond “YOUR HOME-TOWN BAKER” STOP IN OR CALL South Broad Street Phone 440 EDENTON, N. C. Tile cab is ILKHI-Mouicnai— cushioned on rubber against road shocks, torsion and vibration!... Driver's compartment is wider, with more leg room. Wider, deeper windshield and windows increase visibility by 22 %! Panels and pick-ups have \fiS INCREASED LOAD SPACE. ... W New, stronger, sturdier FRAMES are designed to carry greater loads greater distances for a longer time 1 Tha Cab that "Breath#*" Fresh air is drawn infrom theout- tide heated I - incold weather —and used air is forced ottfl* / Longer wheelbases give yoa better load distribution. ... Chevrolet’s famous FULL-FLOATING HYFOID REAR AXLES are geared for the loadl Chevrolet valve-in-head TRUCK engines are world's moat eco nomical for their size. ...HYDRAU LIC TRUCE BRAKES are «x£hu«M<7 r dedgned for greater brake-lining 8.8. H. MOTOR COMPANY N. Brood and Oakum Streets Edenton, N. C. „ grams. Railroads, highway con- I struction, public schools, hospi tals and civic improvements gen erally are far behind. Alto ’ gether, there is so very much to I be done, which necessarily has been neglected for the past half dozen years, that business should be good for quite some time.” o Rail crisis on hand. Mounting in dustrial production coupled with heavy export wheat movements today led federal transportation experts to “predict” a minor transportation “crisis” by mid-July, in view of an apparent slow-down in freight car construction. It can well develop into a major catastrophe by August. o Consumer credit on upswing: Now at all-time peak, but below pre-war relationships. A large number planning 1946 purchases were unable to obtain goods; there is a likelihood that—pro vided they can get automobiles, refrigerators and the like this year, the volume of installment sale credit is expected to expand at a more rapid rate than during 1946. KC atuCjec the cab, -Sic ... /V, Mb America’s First Advance-Design Trucks . . . acclaimed from coast to coast! Everywhere ... wherever you go ... truck users are. praising the sensational new line of Advance-Design Chevrolet trucks. Reason? They’re realty new, really different, introducing the unique cab that ’‘breathed” —that almost literally "inhales” fresh air and "exhales” used air,* plus scores of other new features and innovations long-awaited—long-wanted 1 Built to be first, and built to last, they’re big-looking, big-loading, powerful yet economical tracks to do a more profitable Job for you. See (hem now. •qrmsk-ulrjtmllmgm dmmtOsHmasmsmstHonmlt mtrmss*. CHEVROLET TRUCKS THE CHOWAN HERALD, EDENTON, N. O, THURSDAY,JULY 24,1947 Farmer family passes city family: The only general group that has more surplus cash to spend than in the so-called “lean days” before the war is the farm population. In 1939 the average farm family’s income was but 41.6% of the average non-farm family’s. The farm family now makes more than the non-farm fam ily. o Vet population to be almost half the U. S.: .The Veterans’ Administration predicts that Vets and their families will make up 43% of the population by 1952. By 1957, the figure 62.5 million. o Optimist’s views gain as business holds: Business discussions center around the following issues which will be more definitely decided in the coming months. (1) Foreign trade is bursting with a sixteen million dol lar annual rate of exports— the pessi mists say the dollar shortage abroad can’t support this level which would take the bloom off the boom, while optimists say this high level will have to be supported to check Com munism. (2) The price level is. in flated—pessimists say severe price corrections have always followed wars but the optimists say prices are lower after this war, and only farm prices are badly out of line. Also wages are holding. (3) Inventories are inflated—the pessimists say that this overstocking means a decline. The optimists say that inventories are in balance with sales. (4) Build ing has bogged—the pessimists say that building contraction set off the ’2O-21 recession, yet the optimists claim the resistance to building has come in time to' make necessary slight adjustments. 4 o Continuation of high prices ex pected: A survey sponsored by the National Industrial Confer ence Board, of the price, wage and sales prospects in the U. S. for the remainder of 1947, has produced the following conclu sions: (1) Don’t expect major price reductions until the end of the year. Expect some price in creases. (2) Don’t look for a de cline in wage rates. Expect new demands which will force pay levels higher. (3) There is plen ty of demand for products of manufacturers, so don’t antici-* pate any major scale-down in scales. o Fear is a terrible force. With fear as the master of anything, the results can be world shaking. Unreasonable fear can cause disaster. Unreason able fear can cause the depression “everyone keeps talking about—and everyone keeps looking for”—just like some dreadful, horrible plague. WE CAN TALK OURSELVES INTO THE DEPRESSION! And it doesn’t .take any psychological expert to tell us that. There will be no problems solved with everyone fear-bound. Let us have faith in the unbounded re- • T 1 sources of our great country—re i sources in ability, leadership and democratic reasoning, as well as the i material resources. (The next sour puss you run across—shake him up and tell him to ACT LIKE AN AMERICAN. The Russian belief that America is headed for a smash up IS NOT TRUE—if you and you and you make it “not so.”) o Boy Scouts, Girl Scouts, Cub Scouts, Church Young People’s groups, Civic Clubs, Vets’ or ganisations, 4-H Clubs, FFA groups and citizens of the Albe marle are invited to make use of the tremendous pool at the Air Base. Why not make a party of it and have a special day at this rapidly growing recreational cen ter of the Albemarle? There are tennis courts, horse-shoe courts, places to take sun-baths and pic nicing areas. o— — Thousands upen thousands of can taloupes were hauled off to market last week in huge trailer trucks from Chowan County farms. Already the watermelon boats are making an ap pearance. “The Pride of Chowan” melons and cantaloupes. “Chowan Hams”—“Chowan Pickle Delicacies” —“Chowan Furniture, Colonial Period Brand”; “Chowan Roasties (pdanuts) —to set off that Double Cola.” “Cho wan Shad”—“Chowan Herring”—the field is unlimited. All we need is the initiative, and practical business sense to make these “home products” a re ality. It is possible—Most Possible— to make Edenton stand out over the nation in the production of such ne cessities. We have the brains—we have the resources—we have the lead ership—and there is capital—in Eden ton and Chowan County. Acres of diamonds right here in our own back yards—and where are we looking? BIRTH ANNOUNCEMENT Born to Mr. and Mrs. Calvin S. Sexton of Knoxville, Tenn., a daugh ter, Gail Yevonne, on June 28. Mr. Sexton is a former resident of Eden ton. .. —.-... „ r A jl’t 011 your,.. fours because it's self-conforming * ' I j -'imH and moulds itself to you ... to your> II j 3R bust, to your hips, to your midriff., I ■ It's the new Corette that took years j 1| ||l| I to perfect. The all-bias slip designed I with four one-piece pane/s from tho. I '’.Hi ! ||li neck to the hem. It keeps to your J .JR jH' new dress hemline while you walk,', | J llli e when you sit. I 111 -JI Short, average or toll, ff’s your slip• I irß £ hH lHj ‘ because it's made in your length. | -]*■ ,j® JH But most of ad, your slip because it’s] j * , jH. vl 1 a Corette, the slip more women. 'IHi % prefer for day in, day out wear.’ >4 V_ tHt* Os tub-loving rayon crepe, sewn wilts' I . H the tiniest stitches, and long* l\ 1 \ v wearing re-infbrced seomstj i ' w \ \ Vs „ white: petal pink - black -A Y v \\\ % 1 |p£ p* f j p The Betty Shoppe - I Golden R. Frink has been notified by M. Hugh Thompson, vice com mander of Section "B” of the Ameri can Legion that he has been selected and accepted by the Department Executive Committee as a member of the Administration Committee. In being informed of his appoint ment, Frink was told that it was based on his ability, interest, charac ter and integrity, and that it will mean work and sacrifice. It is the goal of Section “B” to go J * .f/ fIY lon« dbtaaM nes aw so busy distance telephones are carry heavier traffic load today than in wartime. Business men in i of merchandise, manufao i and buQdeni in need of eqpip* it, naturally use the telephone i die quickest way to reads suppliers. Our long distance lines are still overloaded, so telsphone "traffic jamrf* occur. If yw^hcYS^n^wr blfpstient. Today, as si ways, tttopboc^cai^a Norfolk & Carolina Tel. & Tel. Co. j ! to lend his efforts in boosting local | Legion membership. ORPHANAGE VISITOR Mildred Rogers, an inmate of thas| Methodist Orphanage at Raleigh, who ! is supported by the Women’s Society of Christian Service of the Edentoh rl Methodist Church, will arrive Friday -‘i i to visit members of the society. She will visit Mrs. E. L. Ward first, but during her stay she will spend some time among other members of the^
The Chowan Herald (Edenton, N.C.)
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July 24, 1947, edition 1
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