Newspapers / The Chowan Herald (Edenton, … / Aug. 22, 1957, edition 1 / Page 4
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4 I—SECTION ONE Chowan Herald ievary Thursday by The Chowan L consisting of J. Edwin pton, at 423-425 South S£**t, Eden ton, North Carolina. S, EbWIN BUFFLAP Editor ■ r HECTOR LUPTON___Advertising Manager Si SUBSCEIPTION BATES: Ong Year (Outside North Carolina) $2.50 (Me .Year (Ip North Carolina) Mt Entered as second-class matter August 30, u the Post Office at Edenton, North Caro t Ena, under the act of March 3, 1879. 1 r Cards of thanks, obituaries, resolutions of P'lribect, etc., will be charged for at regulaa ad £ eyeing rates ITlift for today ft J ! !• f i .. The effectual fervent prayer of a righteous iian availeth much. —James 5:16. WE REALIZE the unmeasured spiritual re- P available to us when we really pray? Is tyer like the tuning of an instrument to in tune with heaven’s melody? Ia it not mistry that turns all life to gold? Father, may we be righteous enough for tS to release Thy redemptive power through us the advancement of Thy work here on earth. { ” Farmers Should Vote "Chowan County farmers will have an oppor tunity to participate in two very important ref ■rendums Friday of this week. The two refer i ipdums are “Nickels For Know-How” and the ‘piijje Per Bale For Cotton Pronrotipn and Re search.” The “Nickels For Know-How” requires a fanner to pay five cents per ton oi\ feed or fer trliier used, the proceeds of which are used to agricultural research and teaching, thus 4sfehffiting farm people by coping with the jaany problems they face. The “Dime Per Bale For Cotton” provides for $n assessment of 10 cents per bale with (he tnoney turned over to the North Carolina Cotton Promotion Association to be used in cotton projects which are aimed at increasing the revenue from cotton. Though Chowan is one of the smallest coun ties in the state, farmers stand to gain just as much in proportion as any other county in the itaite. Whether any farmer is in favor or opposed to the proposed programs, a vote should be cast (ft both referendums. All Should Help pilliam Wood, who is vitally interested in the resurrection of an active Chamber of Com hveree, should have the full cooperation of Edefrton business people in general. In order to stimulate interest in such an organiation, he hs4 sent out a batch of letters pointing out the need for a Chamber of Commerce and pro tiding to call a meeting in the near future to fjrvrjt the matter serious consideration. . of a Chamber of Commerce s pdt a one man’s job, so that Edenton busi es concerns and individuals as well should 4lly to the support of Mr. Wood to the end bat ;Edenton should realize one of its pressing f&ds. Edenton has joined Hertford and Elizabeth City in an effort to secure new industry for the Albemarle area, so that the town should have an* official mouthpiece not only for industry, but along other lines as well. If Edenton is to make progress of any consequence, a wide gwake Chamber of Commerce is one of the first fssphtials, and the first essential for an active pbamber of Commerce is a capable and aggres siye secretary. There are some civic-minded People in Edenton who have spent time and ef fojjt in the interest of progress, but in this era ff organization Edenton cannot so gorward as H should without the combined voice of the town as a whole, which is where a Chamber of Commerce comes in. Point out a progressive town and there you will find an aggressive Chamber of Commerce. Mr. Wood points out that the proper kind of a Chamber of Commerce executive will cost fnoney and he is right. He also asks the ques 't»op “Who can estimate what a tremendous ippi it costs us now to be without the services Qljb Chamber of Commerce?” , 'Edenton on a few occasions had a Chamber # Commerce and in this day and time the need jsven greater. So that it is hoped business feopte will seriously consider Mr. Wood’s let ter' and plan to attend a meeting when it is called. ; one important phase of a Chamber of Com merce executive is that the town will get just fbbut what it pays for, and to have an effici ent Chamber of Commerce a good executive Wifi be the first step to take. • One-half of the people seem to think they hive been commissioned to tell the other half what to do. i-.vT; \ tfbe complete separation of Church and State Is still a sound doctrine for any progressive na —• The trouble with most speakers is that they £bout too loudly for the little they have to say. yjj’eard Os Seen i By Buff ' | Just about the busiest guy in town of late is Mayor Ernest Kehayes. Aside from run ning his restaurant, he is burdened with a mul titude of town affairs. Then on top Os that he is fixing up Bennett’s Mill, where he has a new dam installed and is nearing completion of the mill where he will make honest-to-goodness wa ter-ground meal. The place, with cofferdams and water blocked off looks as though an atom bomb was dropped. Anyway, he’s expecting to soon have the place in tip-top shape with fish and all in the pond. Bennett’s Mill Pond has in years gone by been a mecca for fishermen and Ernest says it will again become one when the dam is completed and in operation. 0 ' Going on a little trip last week to the moun tains of Western North Carolina, one thing which impressed me was the huge crop of pumpkins in the mountain area. From the ap pearance of so many pumpkins piled along the highway, there must have been a bumper crop. I asked one fellow what they do with so many pumpkins and he said there is a big demand for ’em. Well, if they sell all of ’em to the tour ists passing by, there will be, sometime or oth er, a traffic jam on those crooked roads. I bought two of the things and paid two bits for pumpkins about as big as my head. If that’s the price pumpkins bring, maybe a lot of peo ple should hook up with'Edgar Pearce’s pump kin raising contest in connection with the Cho wan County Fair. But. speaking about the crooked and up-and-down roads in the moun tains, it appears sometimes that a fellow should meet himself. Be that as it may, there’s a tre mendous amount of tourist travel, which drops off a lot of money as Ernest J. Ward, Jr., has pointed out. Speaking about pumpkins, John Holmes was telling me about an experience he had when he lived in Raleigh and attended the State Fair. He was looking at what he considered the larg est pumpkin he had ever seen when a woman standing nearby said, “Do you think that’s a big pumpkin?” Mr. Holmes replied, “Yes, I think it’s the largest one I’ve ever seen.” The woman then replied, “Well, you should have Seen the one I had. It was ten times that large, but rolled off the wagon on the way to the Fair and busted.” But about that time John saw an attendant waving for her to come over to a group of women. It so happened that the wo man was one of a party from the State Hospi tal who were taken to tlte Fair under super vision of an attendant and apparently wandered away from the party. O Though highways are pretty well marked, a fellow sometimes gets lost and must make some inquiries. Such was the case on one of my trips this summer. Arriving at a circle where four or five streets intersected, I picked the wrong street and after going some distance rea lized I had picked the wrong way. Seeing a fellow leaning against a pole, I stopped and asked how to get on the road I wanted. How ever, the guy was rather tipsy and sort of thick tongued he said, “Dog-gone if I know. I’m a little bit confused,” and pointing to a road, he said “Why don’t you try this one?” And talking about embarrassing moments, I saw one on a recent trip. At about dusk we stopped at a Howard Johnson restaurant to eat supper. The place had an automatic sprinkler to water the shrubbery about the building, and while waiting to be served the sprinkler went into operation. One man sitting near us heard the water and jumped up, saying, “Holy smoke, it’s raining and I didn’t turn my car windows up.” He raced out the door and upon re-enter ing, told his friend, “Well, I wasn’t the only one who was fooled.” With schools scheduled to open Tuesday, September 3, students going to the Edenton Junior-Senior High School will find a big im provement. A curb and gutter has been con structed on the school side of the street, as well as a new sidewalk. Now the students will not have to take a hop, skip and jump from the street to get on school property and the im provement adds considerably to the appearance around the school. About SO boys answered the call of Coach Bill Billings for football practice last week, and the boys are being put through the paces in •preparation for the coming gridiron season. If all the boys are in the same shape as the three at my home, the drug stores ought to put on a reduced price for liniment. Anyway, here’s hoping the Aces will develop into another championship team this season, and here’s one rariji’ to see ’em go. And here’s hoping, too, that some of the news “hounds” lost some weight during the summer, so that a fellow can get in the press box and somehow squeeze mto a seat. And here’s hoping Bus Wozelka is get ting his loudspeaker oiled up so that the funs can better enjoy thfe game with his play-by-play broadcast. It’s too hot yet, though, for coffee in the press box. ■WE CMOWMC HERALD, EDEETOH. SOUTH MUQUHA, ■THOMDAT. MTOOET M, IM7, Growth Os Thrift Institutions Told In Bank Study A picture of the gradual build up and rising importance of the people’s savings as a source of credit and investment funds and as a force in economic progress emerges from a long view of the nation’s major financial institu tions and their comparative growth trends over the years. This change, wfcicn began to manifest itself in the Twenties, picked up momentum over the past decade. As a result, the com bined assets of the people’s lead ing thrift institutions—life insur ance savings and loan associa tions, and mutual savings banks —have grown to represent. cent of the total assefcr ■ajpNrti major financial institiifioijß'***:&*t the end of 1956. This is half agilirf as great as the comparable pro portion of 30 per cent in 1945. Sears Annual 803 i % SALE IS ON NOW t It’s Always First To Sears ... Then To School... At Sensational Savings! SATISFACTION GUARANTEED OR YOJJR MONEY RACK >• y l * : '-8 Order Now From •/ *• -‘3** ... # “'• Sears Catalog Sales Office 325 S. Broad St. Rhone 216 d ~ Eddif»a __ DSTA-vts Trend of Bank Assets The balance of the assets of the major financial institutions is held by the commercial banking sys tem. Though still far out in front as far as totals are concerned, combined assets of the commercial banking system have shown a j much smaller rate of growth in recent years than have those of leading thrift institutions. Restrictive monetary policies to help curb rising inflationary pres sures in the economy has been an important factor affecting the banking system in this trend.' So, j too, has been the intensive en couragement of personal savings to meet the record capital needs of an expanding economy and at the same time help put a check rein on rising prices. With all their g^^^^weve^^^^^^vg Figures compiled mr tne‘ Fed eral Reserve Bank of St. Loui •show >that total'Aaaets ol thfemg per cent. As against: Oils 'flV'CTan result, here is how the individual groups of institutions fared. Summary of Results Commercial banks—assets up from $160.3 billions to $213.8 bil lions, rise of 33 per cent: their proportion of total assets of major financial institutions down from 70 per cent to 55 per certt. Life insurance companies—com- bined assets up from $44.8 bil , lions to $96.0 billions, gain of 114 per cent; proportion of total assets of major financial institutions up from 19 to 25 per cent. Savings and loan associations— | assets up from $8.7 billions to | $43.1 billions, rise of 393 per cent; proportion of total assets of ma jor financial institutions up from 4 to 11 per cent. Mutual savings banks—assets up from sl7 pillions to $33.3 bil licjis, gain of 96 per asati ors -> on of total assets [WniSjbV 1 r.Hcial institu tions upW?>m/7 Wff. FARMER: LET SCOTT & ACKISS RECAPPERS Repair Your Tractor Tires ijjp Latest Kind Os Prices Are Scott & Ackiss Recappers Plant Formerly Operated by Jackson’s Recapping Service . J W. Eden Street Renton, N. C. 9 per cent ■ Over the longer view, from 1910 to the present, the dollar figjires show that the life insur ance companies have been (he only one of tne four groups of in stitutions to show consistent asset growth year after year, though all four have shown flucuations in their proportions of their com bined assets. ■ If you divorce capital from labor, capital is hoarded, and labor starves. —Daniel Webster. Crash “1 see you’ve given up teach ing your wife to drive.” “Yes, we had an accident. I told her to release her clutch and she let go the steering wheel.” | How Christian Science Heals I RADIO WPTF (Raleigh) SUNDAY 8:15 A. M. TV—WITN SUNDAY 1:00 P. M. Vk ■ «■ (© U fl W Printing - 1 That Speeds J Jji Operations /■ ■ . We'll design forms to streamline and MX. speed-up the routine of your office or shop. « W ' Get our suggestions, without obligation, H on anything from a shipping tag to a coor- S ts&/j dinated system of forms. . ■ JK The J BL . Chowan Herald J ' . q-W A* hfN; I I "* * ■ *u. a&et nun urn MMomr t*e*»T CAMNIft TV THt feOHL** MBT HCUCOmR AMAUtT UPfeCI lIAMP TW« tlTWggfeUV. THg —VggßUggg ~4 Etttwfevtu asm» I.U ■ m .l fe— ■ * * * «* m‘ As you grow ready for: R, M somewhere, or other, you- will find what is needful for you in 1 a book —George Macdonald. Pray as if it ?11 depended OJV > God, but work as if it all de‘- pended on you. —Laurence Jones. _ _ _ i* -j
The Chowan Herald (Edenton, N.C.)
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Aug. 22, 1957, edition 1
4
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