Newspapers / The Chowan Herald (Edenton, … / Nov. 21, 1957, edition 1 / Page 6
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PAGE SIX —SECTIOK OHB | People Set New ■Savings Record At #253 Billions / 1 Adding to thetir protection, and at the same time helping to meet the capital needs of our high investment economy, the Ameri can people boosted the total of their accumulated savings in life ; insurance and other long-term thrift fnediums to above the $250 s- billion level this year. This is a new high mark in the nation’s personal thrift annuals. It was accomplished by an in crease of nearly $9 billions in the first half of this year in savings i accumulated behind life insurance ? policies, time deposits in mutual ; savings and commercial banks, and accounts in savings and loan associations, according to data compiled by the Federal Home Loan Bank Board. Significance of Thrift Trend The increase for the period in these three thrift mediums taken together was the largest in years and more than offset an aggregate decline of close to $ 1 Vi billions in two other classifications of long term savings of individuals— U. S. Savings Bonds and Postal Savings. As a result, the net in crease in accumulated long-term - personal savings came to s7'/i> bil lions between January and June lifting the total at mid-year to r new high of more than $253 bil lions. This figure is the equival ent of over $5,000 for every American household. The trend of the people’s sav ings has become of more than or dinary economic importance in view of the inflationary situatior and the big rise in the demand fo T credit and investment funds tr meet the capital demands of ar expanding economy. However though the accumulated totals have grown steadilv. new saving*- have fallen short of the expanded investment demands on the caoi tal market, bringing intensified efforts to encourage the people save more. A breakdown of the saving: data shows some significant shifts. Individual holdings of U S. Savings Bonds declined by an estimated $1.2 billions in the firs six months, the biggest net de cline since these bonds came intc being. This reduced the tota' owned by individuals to undei $49 billions at the end of June the lowest redemption value sinci the late Forties. Postal Saving;- also continued to decline, and came to just above $1 1 •» billions at mid-year, less than half their peak set a decade ago. The fac tor of competitive interest rates has affected both these forms of Government - sponsored personal savings. Composition of Savings Dollar . Time deposits in commercial banks, with a rise of more than S3V4 billions between January | and June, led the savings increase . *,ior the first time in some, years.] ’reflecting aggressive efforts by fthe banks to attract savings. 1 Rigth now the composition of the people’s accumulated long term savings consists of $84.2 bil lions, or 32.8 per cent of the total, in time deposits in commercial and mutual savings banks and in Postal Savings: $80.2 billions, or 31.3 per cent, in savings accumu lated behind life insurance poli cies; $48.9 billions, or 19.1 ner cent, in current redemption value of U. S. Savings Bonds: and $39.9 billions, or 15.6 per c°nt. in sav ings and loan associations. Men are not flattered bv be ing shown that there has been a difference of purpose between the Almighty and them. —Abraham Lincoln. Samovar VODKA I Proof "v- L FISJ O 50 pint F,014/rt o» U. 1 A. looka KomponlyO, tdHHU/, Pn. and Fr.ino, Colli. • Mod* 3 ifOm ■ 100 proof. • vRMIRBBSjKfIHK jy ■- LABOR OF LOVE — Mrs. Frances Kuchda looks with a critical eye at the results of her pains taking artistry—a crocheted version of "The Last Supper.” Mrs. Kuchda of Leavenworth, Kan., estimates that she spent two to three years in actual labor on the work, which measures 30 by 50 inches. \ Early Christmas Mailing Is Urged Continued from Pago I—Section I and “All For Out of Town De iivery,” so that you can speed ar rival of your Christmas cards by ■sorting and typing them in two separate bundles with the ad iresses all facing one way. Keep in mind that only Christ mas cards carrying first class three cent, or six cent air mail ! postage, may include a personal nessage. Nothing more than a signature is authorized on cards nailed at the two cent third class j rate; and be sure your return ad- 1 dress is on every Christmas card envelope—this is socially correct, end helps both you and your | hiends to keep your mailing lists up-to-date. I The Postmaster says he is com- , pleting advance preparations to handle the Christmas rush with u xtra mail clerks, carriers, and 1 expanded facilities all around. So, now, it is really up to you! It’s important to plan your Christmas mailings so that those Christmas cards and gifts for most distant points are mailed first. Try to get all of your out- 1 >f-town cards and gifts into the I Post Office before December 10, | and those for nearby points i should be mailed by December! 15th. 20 Years Ago Continued from Page I—Section 1 couple who would be married in the theatre on December 6. A fir 6 at the home of J. L. Wig- j gins on North Granville Street 1 destroyed a garage and an auto- 1 FRIGIDAIRE WASHER Rae Hal KS. TESTING COMPANY, INC. 4 ng Independent Testing Laboratory EANEST CLOTHES IT REMOVAL tIEST SPIN lest of six loading automatic washers under controlled itory conditions. Reports #29123 and #29123-A fr?Z//VG> KING AGITATOR ACTION Washes Clothes Up to 50% Cleaner- Leaves Less lint on Clothes than Washers , with Filters That Have To te Cleaned By e New Built-In SudsWater-Saver at No Extra > Cost. Cut Washday Costs Almost Vil e All-Fabric Washobility • Styled with the Sheer Look DO 4h —a Frlgidalre Exclusive I V |7 WITH — ONLY TRAPI Q£r7H • t4f 7H4TS A&/-55SC fTMOU/AT - . Ralph E. Parrish, Inc. "VOVR FRIGIDAIRE DEALER ” ' Phone 2421 Edenton, N. C. /HE CHOWAN HERALD. EDENTOW. NORTH CAROLINA. THURSDAY NOVEMBER 21. 1957. mobile. H. W. Batton, Henry RogeTson and S. M. Wilkins were the three winners in a Fluffy Ruffles flour contest held by W. D. Holmes Wholesale Grocery. A team comprising several mis sionaries spoke to a large gather ing at St. Paul’s Episcopal Church. Mayor J. H. McMullan praised the Edenlon High School football team and urged support of the team which was scheduled to meet Hamlet in Wake Forest for: the eastern Class B crown. Mrs. J. Roy Winslow was elect- ‘ ed president of the Wards Home Morgan’s PRE-CHRISTMAS SALE More for your money at MORGAN’S. Shop early and save ... Use our con venient Lay-Away Plan ... A small deposit will hold the item of your choice. Shop early for best selections and wise buys. Take advantage of our money-saving values during this sale. Compare our prices A visit in our store will con vince you! Sale Starts Nov. 22 Ends Dec. 24 W. M. Morgan Furniture Co. Phone 2621 1914-1957 Hertford Demonstration Club. A goodly number of Legion naires and Auxiliary members attended an Armistice program held in the Methodist Church. Hurley Ward, Ruth Byrum and Sarah Russell made perfect spell ing scores for a month in Mrs. W. S. Summerell’s fifth grade room. William Coffield and Charles Wood. Jr., were assigned to the coast artillery unit at The Cita del. I I A good name is rather to be chosen than great riches. —Proverbs XXII-1. -4-H Glib Members Honored At Meeting Continued from Page I—Section 1 cate and medal by the agents in charge were: Girls’ Achievement, Barbara A. Jordan and 'Judith Evans; boys’ achievement, Ronald Perry and H. Ivey Ward; home grounds beautification, James Turner, Fahey Byrum and Sunny White; boys’ agricultural, H. Ivey Ward, Carlton Perry, Leon Evans and Jack Perry; canning, Judith Evans, Edith Jean Nixon and Betty Gay Morris; clothing, Kay White, Patsy Ward, Sunny White and Barbara Ann Jordan; senior dairy foods demonstration, indi vidual, Kay White; team, Bonnie Lou Welch and Celia Rae Elliott; junior daicy foods demonstration, team, Judith Evans and Annie Buth Nixon; dress revue, Kay White, Barbara Jordan and gun ny White; girls’ electric, Kay Lowe; boys’ electric, Billy Good win and Tommy Parker; entomol ogy demonstration, team, Kay Lowe and’Georgia Skinner; field crops, Carlton Perry, Ronald Per ry, H. Ivey Ward and Carroll Goodwin; food preparation, Kay White, Mary Lou Dail, Judy Haste and Edith Jean Nixon; rec reation, Kay Lowe and Way White; safety, Billy Goodwin and Scott Ober; tractor, Leon Evans and E. C. Toppin; wildlife team demonstration, Scott Ober and %• wL .for outstanding p<rfQrin«BCt of M P ‘ . *i ffillllL Pure-Premium-Gasoline. M * 4 ' more records ' j than other r PURE-PREMIUM holds ''-. . » • v v .- X -, " «*'•■ * • - .\S more certified performance records than any other gasoline! The NASCAR Performance Award tells you here’s the gasoline that can give you the outstanding car performance you’ve been looking for. Again and again and again, Pure-Premium Gasoline has proved its record performance. In over 240 competitive events for power, acceleration, endurance, mileage and performance... in 38 malms and models of cars . with 123 different drivers, i.' ' . - . .jv Try Purer Premium in car soon. If a Now, more thah tvsr, you can the gasoline proved by performance atom * B. iw and again and againl Phone 33J6 ' Hertford, N. C. Gene Harrell; community rela tions, Joe Hollowell; public speaking, Kay White and Joe Hollowell; Danforth Award (to the outstanding 4-H’ers—boy and girl—of the year) Kay White and H. Ivey Ward. Other winners were: Annie Fay Hollowell,, better grooming; crafts, Kay White. Top winners in the corn meal program were: Emmy Ruth Overman, Carolyn Evans and Sunny White. Local leaders had a very im portant part in the success of the Chowan 4-H program during the past year. They held meetings, helped members with project work, and trained demonstration teams. Leaders who have been active and were awarded certifi cates for leadership by Mr. Marsh were: Mr. and Mrs. Jarvis Skin ner, Mr. and Mrs. Bristoe' Perry, Mrs. Drew Welch, Mrs. Roland Evans, Mr. and'Mrs. Marvin Ev ans, Mrs. James Ward, Mrs. Qil bert' Byrum and Mrs. Rufus White. The purpose of 4-H achieve ment day is to recognize and hon or those members who have done outstanding project and demon stration' work during the past year. Approximately 80 persons attended the event held this weelc and the agents in charge have ex pressed their appreciation for the interest shown in the 4-H pro-, gram. ] After the program, Miss Mai- dred Morris, home agent, directed group mmtipn. , Refreshments were served those present through the courtesy of tfee Barrow Bott ling Company and the P & Q Su per Market. a ' Golden mi age «g|L $2-.sc pUlf SCHEMin IISTIIKIS (0. IISTIIUI (If 6" FROM lOOX SIAIS NEUTRAL SPIRITS. H HM. BrobJjlb? ! Sgte PAGB EWHt first BEGJtpft
The Chowan Herald (Edenton, N.C.)
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Nov. 21, 1957, edition 1
6
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