Newspapers / The Chowan Herald (Edenton, … / May 27, 1954, edition 1 / Page 6
Part of The Chowan Herald (Edenton, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
SUCTION ONE— Cost Os Government From 1789 Is Nearing Trillion Dollar Mark, 82% Os This Since 1940 A graphic picture of the gradual emergence of the United States as the world’s leading democratic power, and the staggering price of defending our liberties and helping other free peo ples defend theirs, are provided by a study of the Government’s accounts from the beginning of the Republic to date. ' Figures of the U. S. Treasury De partment show that accumulated Fed eral expenditures since the start of the nation in 1789 are rapidly approach ing the trillion-dollar mark. The to- 1 tal spending figure for the 165 years through the 1953 fiscal year, which ended last June, aggregated SBBB bil lions. Here is where this money went, according to the Treasury: Military expenditures (including military aid to our allies) —$506 bil lions, or 57 per cent of the total. Interest on the public debt—s 76 bil lions, or 9 per cent. All other Federal expenditures— s3o6 billions, or 34 per cent. Bulk of Spending Since 1940 AH but a relatively small fraction of these tremendous costs were incur red in the last decade and a half as the result of American leadership in the fight against the menace of to talitarianism; and it has made econo my in Government one cf the great is sues of the times. Federal expenditures for the dec ade of the Forties and the 1950-53 fis cal years added together amounted to $730 billions in all, or 82 per cent of i all Government outlays in the 1789- 1953 period. Os this total, military expenditures came to $457 billions, or 63 per cent; interest on the public debt added up to $55 billions, or 7 per cent; and all other Government expenditures aggregated $217 billions, or 30 per cent. | Thus the cost of freedom has come, high, and will continue so in view ofi tho international situation and the continuing threat to free nations. Na tional security expenditures (includ- 1 ing foreign military assistance and atomic energy) for the current fiscal year, for example, are in the neigh borhood of SSO billions, and will con tinue high for the foreseeable future. The Administration in its efforts to balance the budget has made substan tial reductions in overall Federal spending from previously projected levels and provided some needed tax reductions at the same time, but its problems have been complicated by the latest Far Eastern developments. The Revenue Side The Federal Government has also collected an enormous sum in revenues in the 1789-1953 period, with the tax burden on the people and the econo my becoming progressively heavier in recent years. Net budget receipts in the 165 years since 1789 added up to $627 billions, of which around $5lO billions, or more than 80 per cent, were collected in the 1940-53 period alone. This total, however, has fallen far short of expenditures, and the cur rent public debt is around $270 bil lions as a result. The predominant cause of both deficits and debt has been war, both “hot” and “cold”. By far the biggest single source of Government revenue has been the in- 1 come tax on individuals ancf corpora tions. In the four decades of its exist ence since the adoption of the 16th Amendment, the income tax has pro duced $440 billions of Federal rev enues through the 1953 fiscal year, or more than two-thirds of all net Gov ernment budget receipts for the 1789- 1953 period as a whole. In the earlier history of the coun try, wartime periods were followed by comparatively lengthy periods of Is A LF. IflSgfcl I Our Entire Stock of I I Early Spring HATS I I Friday Morning, May 28th I I At EXACTLY I I ■ 1 I SIMON’S Hertford, N. C. I Page Six 11 peace, in contrast with the present sJ“cold” war situation, and this facili l tated balanced Federal budgets and • extensive debt reduction. Two decades after the War of 1812, for example, . the Government was actually debt-free i for a brief period. Again, after the • War Between the States, the Govern ment ran a surplus for 28 successive years, the longest period of balanced budgets in the nation’s history. This was accompanied by a steady pro gram of debt reduction which by 1893 j brought the public debt down two thirds from its peak in the 1860’s. A rapid growth on the population and the economy in this period was a help ful factor toward these results. Past Trends and Now There was a repetition of this de velopment after World War I. The Twenties were a period consistent an nual budget surpluses despite tax cuts, and the public debt was reduced by more than a third from its wartime peak by the end of the decade. Again economic expansion in the period was an important contributing influence. The figures show, however, that ! military expenditures always fell sharply after past wars. These out lays in the Twenties, for example,, represented little more than a quarter of all Government spending for the period, or about half the rate in the previous decade. This time the situ ation is different. Right now defense costs, including military assistance ' abroad, are running around two-thirds of the entire Federal budget. That is : why in this period of crisis the Gov- * emment must watch every dollar of * its spending, and economize wherever * possible, if a further rise in the tax * burden is to be avoided. c 'Edenton’s Colonials Trim E. City 14 To 10 i i Edenton’s Colonials defeated Eliz- I abeth City in an exhibition game play- * ed in Elizabeth City Monday night by 1 a score of 14 to 10. * Each team used three pitchres, Bill Herman, Andrew Whitson and Henry 1 Allen Powell, who held the Elizabeth 11 City batters to seven hits. The Co- 1 lonials touched Gray, Cornett and < Ownley for 12 hits, led by Claude 1 Griffin who hit a triple with the bases loaded and Alton Brooks hit a home < run,. Keeter, Griffin, Rogerson and J. s Harrell each made two hits. 1 The game was rather ragged, with i 1 the Colonials charged with seven er- > 1 rors and Elizabeth Citv six, i What we have in us of the image c of God is the love of truth and jus- 1 tice. —Demosthenes. RURAL PLUMBING & HEATING, INC. f f I Raleigh, Rich Square, Edenton < I Fayetteville, Roanoke Rapids X ? % O I TELEPHONE EDENTON 300 EXTENSION 429 -> X X % I “DON’T RUN FOR WATER .. .LET IT RUN FOR YOU" < > T < j 4 AT PRICES YOU CAN AFFORD JI % i ’ 1 Free Estimates Financing !! THE CHOWAN WKRAT.n, EDENTON. N. C., THURSDAY. MAY 27, 1964. jTobout TttbllTY tv» kstroyer agBVB ’ ’fß HINTS FO HOMEMAKECS Common Causes of Dingy Gray | Laundry Dingy gray laundry has been plaguing women for centuries. But the modem housewife now has de tergents that go a long way toward eliminating the problem. Graying is caused by three things: 1. Unremov ed soil. 2. Redeposited soil. 3. Hard water soap scum. The first and third are caused by inefficient washing methods and old fashioned washing products. The ap proved new method is this: use plen ty of detergent, plenty of hot water and, if things are very soiled, give them two sudsings instead of one. Redeposited soil is that which has been washed off garments and then, because of lack of detergent or pro longed time, is redeposited on the clothes. To avoid this, clothes should be washed in a good detergent. And they should be washed only long enough to get them clean. Wash clothes that have about the same amount of soil on them together. : Do not wash a very badly soiled gar ment with one that is lightly soiled. Soil from the heavily soiled garment will be redeposited on the cleaner gar ment. Redeposited soil makes some clothes look grayer after washing than before. The secret of removing redeposited | soil: many quick, hot washes with plenty of detergent! Care of Your Washer Pays Off—Re gardless of what laundry product you use, regular care of the washer by the housewife will greatly increase its length of satisfactory service. Care can also eliminate many service calls. Always follow the manufacturer’s directions. If the directions booklet gets lost, write to the manufacturer for another. Take care of the washer after using as well as during use. The more care it has while in use, the less repair it will need. Rinse, drain and dry after each use. Flush out the washing ma chine thoroughly with plain water and don’t forget to rinse the cover of the washer, too, drying' the underneath part with a cloth. Causes of “Yellowing” Yellowing, like graying, is often caused w’hen soap is used and not completely rinsed out. Heat of ironing will often turn I fabrics yellow. Clothes can yellow during storage. This can be due to I improper washing, soap or starch left I in the material, improper rinsing and I the like. I If yellowing due to redeposited soil I or deterioration of the fabric, the j /vwvwwwwvwwwwwvwws/wwv» I On Your Farm • § 9 5^ ■You can farm better I WITH A MCCORMICK ■ W You have dear, straight-ahead vision. You have better control of your work. You have more use fill pull-power. See us for a Prove to Yourself ii demonstration... on your form. We furnish the you be the driver. Call us today.^ Byrum Implement & Truck Company [ g | EDENTON, NORTH CAROLINA ■ Ljj INTERNATIONAL TRUCKS . y - r Stapdora cf the Highway sun will not help to make the garment i white again. i Most Appropriate When the paster of a small church J finished his sermon, he gave a few ; minutes to one of the brothers to say a few words on his pet subject pro hibition. ' “Brethren,” said the prohibitionist, “if I had all the whiskey, brandy and fiiiSß3liaii3iig[i3iigiaiaiiaipiiaiiiiißliaii^liaiiaii3liaifflgigigiMgiagigigigißrßlßlßlßiaigislßigigigiaaaßßl^ ARE YOU READY FOR YOUR 1 NEW SHOUT “POGODA” HAIR CUT? Mrs. Clarence White and Mrs. Kermit L. Layton of Mae 1 1 Jackson’s Beauty Shop have returned from Norfolk, where they I I attended the Annual Beauty Show Festival. Having attended classes under Robert Fiance and Lewis S Calameco, featuring the newest trend in hair styling and hair ij cutting, they are now qualified to meet all your needs. | MAE JACKSON'S BEAUTY SHOP CALL 277 FOR AN APPOINTMENT “IT PAYS TO LOOK NICE " So low JEWELER easy •, C—nma champagne in the world, I would fling it all in the River Clyde." He sat down, and in the pause that followed, the parson himself an enemy of prohibition, arose and said “Sing hymn 167, ‘Shall We Gather at the River’?” It is sad that the phrase divine ser vice has come so generally to mean public worship instead of daily^beds. — Mary Ba>c^
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 27, 1954, edition 1
6
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75