Newspapers / The Chowan Herald (Edenton, … / June 25, 1953, edition 1 / Page 16
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SECTION TWO- MtSCELLMEOUS IffiCOPTS SHOW U. S. IN WK OtVERSTTY Os ACTIVITIES An eye-opener to how big and sprawling the Federal establishment has become, and the extraordinary di versity of its activities, is provided by a breakdown of an obscure classifica tion of the Government’s budget call ed "Miscellaneous Receipts." As total Federal revenues go these days, these miscellaneous receipts to gether don’t add up to much more than "pin money.” For the fiscal year 1952, as an example, they amounted to $l.B billions in all, or on ly about 3 cents of the Federal in come dollar. Besides, miscellaneous receipts are merely income and not net revenues, and do not take into ac count the costs of the operations in volved or the fact that a great many are actually run at a loss. No Item Too Small Money aside, however, these re ceipts portray the Government en gaged in a bewildering number of ven tures, enterprises and activities. The Bureau of the Budget, it its break down of this classification, lists about 280 separate items of revenue for the U. S. Treasury. They run the gamut from the sale of such things as live stock and power to matters like su pervising the affairs of Indians. The figures indicate that no item is too small to be included. For ex ample, the data for the 1952 fiscal year contained an entry of $3 for the handling of penalty mail. There was another item of $4 for “Reimbursement of expenditures. Coos Bay wagon road grant lands, Douglas County, Oregon.” On the other hand, these miscel- < laneous revenues contained some large < items as well. Leading these in the 1 last few years has been the Federal ' Reserve System. In the 1952 fiscal year, the System turned over $277.6 millions to the Treasury. This was in compliance with Section 16 of the Fed eral Reserve Act which provides that 90 per cent of net earnings, after pay ment of a 6 per cent statutory divi dend to member banks, shall be trans ferred to the TJ. S. Treasury as an in terest charge on Federal Reserve notes not covered by gold certificates. Size of Utility Operation The figures likewise give an ink ling of how big an operation the Gov ernment is now conducting in the pub lic utility field. Revenues under the classification of sale of power and utilities amounted to more than SB2 ; millions in the 1952 fiscal year. For the current fiscal year which ends on June 30, these power revenues are - expected tc exceed SIOO millions. The figures do not include the Tennessee Valley Authority, which is run as a separate Government corporation; nor do they count the expense of the Gov- I STBUGET BOBEBOE WEISKII | 1 * IWS WHISKEY IS 4 TEAKS OLD I \ Hmmiiiui, ••« miff * "'I Page Eight emment’s power operation. Less than ; a dozen of the nation’s privately-own ed public utilities are in the SIOO-mil lion income class. In recent years, the Federal Gov ernment has engaged in vast lending and credit activities. These brought in a qaurter of a billion dollars in in terest in the 1952 fiscal year, and are expected to yield SIOO millions more in the 1953 fiscal year. The biggest single interest item last year was $75 millions on the British loan. One of the entries reveals the exist ence of a “Conscience Fund” to which anyone who feels he may not have done right by Uncle Sam can con tribute. In the 1951 fiscal, such con tributions exceeded $7 millions, but the year after they fell to $293,000. From Coins to Seals The Government made some $66 millions on its right to coin money, representing primarily the difference between what it paid for silver and its value as coined money. It collected nearly sls millions from taxes on hunting and fishing equipment, and its monopoly of the seal fisheries on the Pribilof Islands, off Alaska, brought in over $3 millions. Other unusual items of revenue, and their . amounts in the 1952 fiscal year, were: Permits to enter national parks, $3,148,678; business concessions, $4,- 398,469; registration fees for corres pondence courses, $400,072; migratory 1 bird hunting stamps, $4,335,975; un- ; claimed money and property, $1,376,- ' 763; charter hire of vessels, $11,333,- , 574; sale of hogs, $14,373; sale of oc- , cupational therapy products, $22,549; , costs collected from estates of deceas ed Indians, $44,216; and laundry and i dry cleaning, $21,054,576. 1 HIGH, LOW MASSES SUNDAY EDENTON CATHOLIC CHURCH 1 Every Sunday (except First Sunday of every month, when first Mass in Palace Theaitre, Windsor, at 8 A. M-), a High Mass (Missa Cantata de Ange lis) will be sung at 8 A. M., and a Low Mass celebrated at 11 A. M., EST, each including Sermon, Holy Com munion, followed by Rosary in Honor of Our Lady of Fatima for. Conversion of Russia soon, Universal, Everlast ing Peace, Sunday School, with Con fessions for hour before Services, in St. Ann’s Catholic Church, Edenbon, stated Father F. J. McCourt, Pasto r , who invites everybody to all Services. Week-days 7:30 A. M., Mass, Riosary. Saturdays 7:30 P. M., Choir meet. HONORED BY DON JUAN CLUB Mrs. Kathleen Byrum Chappell, who became the bride of Russell Chappell on February 21, was honored Wednes- THE CHOWAN HERALD, EDENTON, N- C., THURSDAY. JUNE 25,1953. I day evening, June 17, at a miscellan eous shower by the Don Juan Friend ship Club at the home of Mrs. Oris , Rountree on Woodland Circle in Hertford. Mixed gladioli and other summer flowers were used in decorating the ( home. Mrs. Chappell was presented a gift of silver by the hostess and a bedspread by the club. Mrs. Rountree was assisted in serv ing by her daughter-in-law, Mrs. Kel ly Byrum. There were 18 guests. TOUR IN SEVERAL STATES Elwood Copeland of Ryland and Donald Warner of Suffolk spent the week of June 7th motoring through Virginia, West Virginia, Pennsylvania and Ohio. From Ohio they traveled through Michigan to the Canadian line and spent four days in Canada visiting various points of interest at Niagara Falls, Hamilton and Toronto, Ontario. Mr. Warner remained in ; Ohio another week and Mr. Copeland returned to Norfolk by Way of the Norfolk & Western Railway. Minutes Os County Board Os Education The Board of Education held its regular meeting June 5 at 10 o’clock in the office % of the Superintendent. The following members were present: Carey Evans, D. H. Berryman, Conroy Perry, G. E. Nixon and G. B. Potter. Mr. Potter, chairman, called the meeting to order by having the sec retary read the minutes of the previ ous meeting. The minutes were read and approved by a motion made and passed. The reports of the County Treas urer and the local school fund treas urer were read and same were adopt ed by a motion made and passed. ' The election of Miss Reva Rich, | commercial teacher for Chowan High School was approved by a motion made and passed. A motion was made and passed to approve jointly with Edenton and Perquimans County the re-election of the Negro supervisor, Mrs. Elizabeth L. Byrd. The school lunch agreement between the State Department of Public In- Flowers Choice of Freshly Cut Bouquet* Carefully Ensembled Corsages or Deco-Right Potted Plants PHONE 342 Lula White’s Flower Shop -203 WEST, CHURCH STREET struction and the County Board of Education was considered, and upon motion made and passed, the agree ment was apm'bved. The Superintendent presented the question of the amount of the tuition to be charged students taking the commercial courses. In line with oth er systems, a motion was made by Mr. Perry and seconded by Mr. Ber ryman and same passed that each student should pay a fee of $2.00 per month or SIB.OO per school term, and that the fee be collected at the same time Jiook rental fees are collected during the Brat week of the fall term. The 1953-54 school budget was pre sented by the Superintendent Alter due consideration was given to each item, in view of the school needs, a motion was made by Mr. Berryman and seconded by Mr. Perry that the school budget in the amount of $27,- 743.10 be approved. The motion ap proving the adoption was unanimous ly passed. The Superintendent read the bills paid since the last meeting in the amount of $7,506.21. Upon motion j^shoe SHINE IN TOWN! I STILL 10c W. M. RHOADES Shoe Repair Shop 429 S. Broad St. Edenton ■ 1 ■ 11 M VBaSC-MPaxWATOP- IF STOP THE CM*!_ . _ . ,57 WHAT* •TMB'ipeA “_7 I<.CHTA HORRYIF xVwnl YOUR CAR HAS BEEN I SEE ©ME wMIW* VOP THE MILK BUCKET? T» MILKHR OWE MOKE j COMPLETELY RECONDITIONED fSf ON THE f- Aifif AAlUftf TRACK AND THE iXFWIfS — ll . oBT» HIR.I ■ ALBEMARLE MDTDR CD.I B WtSI hiCKS SI ZjaUs PhONE 289 J §tmefe inj]! * MM pldkap **fcl» ovoflablo, ____ S 4. %, sad 1-too suss, 6V4, 8, and Woof boM. Ad-A-Rak attach- ■Matt avatlobUfor all uzm.GVW . H eatings, 4,200 to lbs. Price Reductions iiE I * I ■ || A ' 1 m . MM J I. § iiphi'**iir«wW iji]if mimics Byrum Implement & Truck Company , ‘ • v * , # - w - • ... Edenton, North Carolina if jftriff* " r - - -f • ■ . ' made end paeeed, the Mheh, een , approved: . . Capital outlay, $2,409.59; Edenton City Schools, per capita, $816.84; cur ■ rent expense, $2,153.98; vocational teacher’s salary and travel; $1,456.25; veterans program, $648.83; Chowan . ,:.ni ‘ ni.ij n ,n» *2as ,H *3-65 IClenmore I ■ utmonr I ■ iruistr ■ ■ MUNI ■ ■ WVItKtT H —■ / IKENTUCKY \ / STRAIGHT \ / BO U R BON \ I GLENMORE t GIEHMORE DISTILLERIES COMPANY • LOUISVILLE, KY. 86 PROOF A new International pickup with Ad-A-Rak at tachments gives you 3 Isom trades in 1! t * * Vi ■ >■* - J v ™ 1. The roomy all-steel pickup body handles scons of jobs. .. r . ‘f.. ''fmjMji \ « 2. Ad-A-Rak Raintight all-steel sideboards in crease capacity by 75%* 3. Ad-A-Rak stake attachment adds even move space for hauljng livestock and bulky loads. See-the pickup that gives you 3 tracks 10*1! Con venient terms available Let Us demonstrate today. High School Teacherage, $25.72. v There being no further business, th# i Board adjourned to meet with the . Board of County Commissioners on I budgets for 1953-64. G. B. POTTER, Chairman, i W. J. TAYLOR, Secretary.
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 25, 1953, edition 1
16
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