PAGE TWO
N.C. Bankers join In
Fighting Inflation
Individuals Are Asked
To Take Part In Five-
Point Program
Banks of North Carolina have join
ed with the 15,000 banks of the Unit
ed States in a nationwide program to
fight inflation, it is announced in a|
statement by Fred W. Greene, execu
tive secretary of the North Carolina
Bankers Association.
Inflation cuts the value of every
body’s dollar and threatens every
body’s security, Mr. Greene says.
Therefore, it is everybody’s job to
help fight and beat inflation. No
single group can do the job alone.
This is a two-way proposition in
which the banks and the public are
partners. One of the most effective
ways to combat high prices and in
flation is for individuals to practice
the following five-point personal pro
gram:
Buy only what you need now.
Borrow only for essential pur
poses.
Spend carefully avoid black
markets.
Save regularly in a bank ac
count.
Invest regularly in U. S, Sav
ings Bonds.
These five ways are only American
common sense. If everybody would
practice them, it would have a pro
found effect on the national welfare.
The program adopted by North
Carolina banks is a part of the na
tional program which is
being actively carried on by 15,000
banks of the United States in co-
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I operation with the American Bankers
Association and the North Carolina
State Bankers Association. It stresses
the importance of the sound use of
I bank credit for productive purposes
I and the need to discourage credit for
| speculation and unnecessary expendi
-1 tures.
1! The commercial bankers of this na
■ tion have been and are fully aware of
their responsibility for the proper use
iof bank credit. They have met the
Credit demands of business for pro
ductive enterprise and must- continue
to do so in order to maintain the na
tion’s economic well-being. Even
j though the total of bank credit has
risen to a high level, this expansion
has been necessary to supply working
capital needed by business to main
tain or increase production at rising
prices.
However, we feel that in view of
the inflationary forces currently at
work, a voluntary program of coop
eration to increase production and
distribution of needed food, goods and
services and to discourage loans that
are speculative or otherwise
ductive will assist in checking infla
tion by helping to increase the supply
of goods.
The campaign against high prices
and inflation being carried on by the
banks does not mean any lessening of
bank credit services to individuals, I
business firms or farmers, Mr. Greene I
points out. We simply urge that l
people avoid increasing inflationary
demand for goods by postponing pur
chases. If history repeats itself their
dollar will buy considerably more
later on.
Tiie same thing applies to farmers
and business firms. Banks will seek
to encourage their customers to cut
down excessive inventories and to
postpone non-essential construction.
However, where a bank loan will help
to increase tne production and will
improve the long range prospects of
the business, there will be adequate
bank credit to meet these needs. In
the case of individuals, we believe i
that money set aside in the bank ac-1
count is postponed spending power J
that does not bid up prices and which
will buy much more later, while in- j
vestments in U. S. Savings Bonds 1
build security for your family’s fu
ture. With ea h bond purchased, you
1 strike a blow at today’s inflation.
Banks of North Carolina want your
help in carrying out this program.
Their financial services and experi- -
ences are yours to toward that ■
end, the announcement says.
117 Share In Old Age
Assistance In January
One hundt 'd seventeen people in
Chowan County shared in •'d age as
sistance during the month of January,
the amount distributed being $2 -
430,50. Nineteen received a : d for d<>-
i ' ". sJKWd^^vMk
e gofa-*---^^ , >^'* mm ''' i ”™*^ 7 «sgw' .Jmi R1 TML
'" t -“f - *
Buick takes the bows — with ten sparkling models, a new
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The curtain’s up the show is on
and square in the spotlight of public
favor is this fashion-plate Buick.
This bonnie, brawny beauty is tak
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ten stunningly-smart models . . .
Catching bouquets on the utter bril
liance of Hi-Poised Fireball power...
Getting applause for Safety-Ride
1 rims, pillow-soft tires, all-coil
springing -%for bodies newly shel
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WHEN BETTER AUTOMOBILE ARE BUILT BUICK WIĹ BUILD THEM
THF. CHOWAN HERAT,D, EDENTON, N. <J., THURSDAY, "ÜBRUARY 5, 19
pendent children in the amount of
$696, while $2lB was distributed
among 10 blind aid cases.
During the month, according to the
I report of Mrs. J. H. McMullan, wel
fare superintendent, $45.50 was used
for hospitalization of two persons
| outside the county; $55 for boarding
[home care for two persons; $lO for
ambulance service for one person; six
| adult parolees under supervision; 13
| received care from VR in cooperation
with DPW; two child labor certificates
issued, and 11 children received in
dividual service.
Youth For Christ Rally
Saturday, February 7
A Youth For Christ Rally will be
held at Albemarle Christian Church |
' near Columbia on Saturday night,
| February 7, at 7:30 o’clock with the
theme being “Christian Unity.”
Those appearing on the program
are young people representing Philip
pi, Scuppernong and Albemarle
churches. The principal speaker will
be George Bon Durant, Roanoke Dis
trict evangelist, who was previously
president of Atlanta Christian Col
lege, Atlanta, Ga.
Adult advisor of the rally is G. C.
Bland, and all are invited to attend.
Hospital Notes
The following patients were admit- j
ted to Chowan Hospital from January
26 to February 1:
White Patients
Murray Jack Peeples, Edenton;
Thomas W. Rowell, Edenton: John
Perry, Jr., Tyner; Miss Sylvia Jane
Turner, Edenton; Mrs. Lloyd White,
Edenton; Mrs. Esther Jordan Lassi
ter, Creswell; Mrs. Willie B. Chesson.
Columbia; Mrs. Herbert Edwards, and
baby girl, Edenton; Mrs. Raymond
Walraven and baby girl, Edenton.
Colored Patients
j Baby Girl Holly, Edenton; Nettie
Jane Askew, Powellsville; Rosa Brick
house and baby boy, Creswell.
Crusade Assembly In
State Being Planned
The Christian Churches of North
Carolina are joining with the Broth
erhood of Disciples of Christ in hold- j
ing a series of four Crusade Assem
blies in the State from February 23 j
to 26. These Assemblies will be held
at the following places and churches:
Winston-Salem, First Church, Febru
ary 23; Raleigh, Hillyer Memorial
Church, February 24; Kinston, Gor
don Street Church, February 25, and
Washington, First Church, February
26.
These Crusade Assemblies are the j
first of a series being held across th '
CHAS. H. JENKINS MOTOR COMPANY
105-109 E. QUEEN ST. EDENTON, N. C.
, /
f nation throughout this fall and win-
I ter in which will be presented the ob
jectives and program of ‘‘A Crusade
s for a Christian World,” which, is be
■ ing conducted from July 1, 1947, to
I June 30, 1950 by the Disciples of
> Christ. The Crusade will attempt to
; j add 900,000 people to the church rolls.
The First Christian Church of
: Washington has been designated as
1 the meeting place for the Crusade
i Assembly for Eastern North Carolina.
; People from 86 churckes in'Beaufort,
Chowan, Craven, Currituck, Hyde,
Martin, Pamlico, Perquimans, Pitt,
Tyrrell and Washington counties are
invited to attend this assembly on
. February 26. There will be an after
noon session beginning at 2:30 and a
supper n:c:‘.! for the youth al 0
o’clock. The night meeting for youths
land adults will beg'n at 7:30 o’clock.
State Slaughtering
Declined In 194/
I
First Nine Months Be
low Same Period
In 1946
Slaughter of both hogs and cattle
at non-federally inspected plants in
North Carolina declined during tilt,
first nine months of 1947 compared
I with the comparable period for 1946.
Slaughter of calves, however, was up
slightly from 1946.
Hog slaughter during the first nine
months of 1947 totaled 242,000 head,
30 per cent fewer than the 344,000
DARING OCEAN RESCUE WINS
MEDAL OF HONOR
The climactic underseas rescue of a
Navy salvage diver-—trapped 250 feet
down under a raging surf —by hi;-
“buddy” provides a thrilling tale
Read this exciting sea saga, “Hero of
the Ocean Depths,” in the February
15th issue of
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DUE TO EXCESS ACID
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MITCHENER DRUG STORES . I
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One is the fabulous new Dynaflow
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Other star feature is the Vibra-
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head slaughtered January through
September, 1946. Pork production
(excluding lard) totaled 53,871,000
pounds at these plants during the
nine months period.
Slaughter of beef cattle totaled 80,-
300 head, compared with 94,600 head
slaughtered during the first nine
months of 1946. Production of beef
at these plants totaled 62,127,000
pounds for the 1947 period.
Calf slaughter totaled 90,700 head
and was the only species showing
more slaughter than a year earlier.
Slaughter of calves during the 1946
period totaled 76,200 head. There was
15,713,000 pounds of veal produced at
these plants through September for
1947.
METHODIST SERVICES
After cancellation of services so;
two Sundays, first due to a defectiv
boiler and last Sunday due to th.
snow storm, regular services will be
held in the Methodist Church next
Sunday. The pastor, the Rev. W. L.
Freeman, Wil| preach at the morning
service at 11 o’clock.and aga : n a* 7 “«'
at night. Church School will convene
at 9:45 Sunday morning and th
Youth Fellowship meeting will be held
at 6:30 Sunday evening. Mid-week
prayer service will be held Wednesday
night at 7:30. The public is cordially
invited to attend all services.
Rat?b Service
For qii’-'k and dependable
radio service, call THOMAS
JACKSON at Hughes-Holton
Hardware Store.
Jackson Radio Service
WCK-UP AND DELIVERY
SERVICE
■■ i .i. .i i - : :
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liquid medicine is bitvir
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WEST EDEN STREET . . .
JUST OFF BROAD
Guaranteed
Repair Work
Quality Materials
WAIT SERVICE
Your Business
We Have Always Appreciated
Be Quick To Treat
Bronchitis
Chronic bronchitis may develop If
your cough, chest cold, or acute bron
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Creomulsion blends beech wood creo
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No matter how many medicines you
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