Newspapers / The Chowan Herald (Edenton, … / May 29, 1958, edition 1 / Page 17
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
f The National Outlook; The Moire Favorable Business News By Ralph Robey V i J More and more persons are convinced that we are now trying to find the bottom of the reces sion. This results in almost ev eryone looking for signs to sup port such a conclusion. Follow ing are some of the more convinc ing items being cited: 1. Housing starts in April rose, on an annual basis, to 850,000. ' The April rise followed two months of decline, and lent sup port to those who believe we shall see a minimum of one million private starts this calendar year. Construction as a whole continues to set new records because, of the heavy volume of public l^uilding. 2. Farm prices and farm in come have both shown apprecia ble rises. In the case of prices, the rise started last September and- has continued each month since then. Farm income was slower in moving up but now is well above its low of last year. .It used to be said that recessions and depressions are bred and fed on the farm. Obviously, this time that is not true. 3. Over-all personal income showed an increase in April, for the first time since last August. The increase amounted tt) S6OO million. Unfortunately the en tire increase was the result of so called transfer payments—-unem plpvment compensation, social se curity, and the like. Wage and salary payments continue to drop. 4. Personal consumption ex penditures continue to hold up well.! Durables, especially auto mobiles, are still moving at a slow pace, but nondurables and services are both higher than a few months ago. These expendi tures have been one of the strong er elements in the economy all the way through the recession. 3. Machine tool orders have in creased for three consecutive months. The total still is not high, but at- least the recent trend has been in an encouraging direc tion. The trouble here was that the machine tool industry had an unusually sharp decl-ne at the end of last year. Even three months rise still leaves the total well below the figure of a year ago. 6. Steel production has recent ly shown a slight increase. It is still only about 51 per cent of capacity, but it was considerably below this a few weeks ago. It is expected to show a further in crease of moderate proportions in coming'months. This expectation is based upon the belief that in-1 ventories have been reduced to' below normal. 7. Various companies are be ginning to report that they be lieve they have passed the low point. This is true for example, l in the textile industry, and the farm implement industry is en- 1 joying a positive increase as a re sult of the improvement in farm income. 8. Interest rates have been low- j ered to the point where it is pos- J sible to get loans at .well below , the recent peaks. The banks, too, have plenty of reserves to meet whatever demands for loans they | receive. Both of these develop ments have been caused by ac-, tion of the Federal Reserve Sys-j tern in repeatedly lowering the, rediscount rate and by reducing ( the percentage of required re serves against deposits. ' 9. The stock market continues \ \lew 58 FRIGIDAIRE "A W ' Room Conditioners with amazing l,< 1 DRY-COO LING l REMOVE up to A BARREL of \ WATER a WEEK from the AIR YOU LIVE IN, SLEEP IN ■ g 1— end* clammy cold ! \ Conditioner*- am 00. 10,000 Btw/kr Ac? 75 “ t \ ® Wo6k o fter email / V dawn payment m Mwcct ■ **& -»==- ralph e, parhish, l>u r ; l w i to show strength. Aftei making ; a new high it has backed away , a bit, but the general level of the ! market is still not what might jbe expected in a recession. Whe ther the market is forecasting a rise of business in the near fu ture, is merely anticipating infla tion, or is reflecting continued . buying by institutional buyers, is i a ’ matter of debate. Probably ' there is some of each of these fac tors in the behavior of the mar ket. , • These are perhaps the more im portant favorable elements in the , present business situation. Os course these are unfavorable ele ments as well, because there is no statistical basis for assuming that we have actually hit bottom. • Likewise there is no statistical I basis for assuming that we have ! much more decline ahead of us. i This means that business man agement, and everyone else, should begin to have confidence in better times. Improvement will not come in all industries' simultaneously, and it may not get started for some months, but it is no longer the part of wis dom to remain deeply pessimistic. SCHOOL II J i rcenM . Continued from Page 4—Section 3 his magnanimity . . . having led i his charges through the wilder ness for forty long, weary years toward their goal, Moses relin quished to Joshua the culmination of all his efforts, the actual en trance of the Israelites into the Promised Land. Moreover, he re linquished his leadership willing ly, without jealously, his main ! concern being for his people. This is an epic example of char acter in action. I • Another very important facet of, Moses’ character and of his fit-i ness to be a leader was his will ingness to give hi s life for the sake of others. Certainly he was a prototype of Jesus in this will - ingness of his to live or to die for others. Moses also possessed enthusiasm . . . enthusiasm for 'God, and his faith was contagi ous. He was a dedicated man. He had an unfailing sense of the presence of God. His life was a J life of prayer. | Joshua, too, had good prepara tion for leadership. For forty years he had been “Moses’ min (ister,” and he could have had no .better preparation. He was also ( a man '“full of the spirit.” That j is, he also had a special capacity . for awareness of God and of his will. He had vision, too —he saw clearly what could be achieved, l if Israel were really loyal and ( lived up to God’s expectations, i And, lastly, from Joshua we learn that the greatest thing of all is i to "know that whatever happens I “God is with you wherever you | go.” Our generation has not had an I enviable record in the selection of its leaders. Investigations of recent years into the character ( of men in high offices in govern, ment, in business, and in labor, ,are extremely humiliating to all j who have a sensitive conscience.. ( If we are to live as God’s peo ple we mpst be discriminating in .electing our leaders; with us lies I the responsibility of selecting the leaders who are to serve us in ; fWI OHQWAX HERALD, EPEKTOK, NORTH CAROLINA, THURSDAY MAY 81, IIM. I By ■ & . /; - - - , Hi fife: '*■<' ■ ••••■• ■' ■ -x»> J I* . <• ||r| -Blip ». • f*i-~T liißßai iBMHHRmHHIH BBkeT'slS iWOULD MAKE STRONG MEN WEEP— The largest illegal moonshine operation uncovered / fin'Pittsburgh, Pa.', in the last five years comes to an abrupt end. Police, at left, hold a barrel of ■ ■gSgstuff; preparatory to dumping it. _ Photo at right shows the bootleg whisky cascading dowm' many capacities. When our leaders have their moral charac ters firmly rooted in faith in God and commitment to His will, they can’t go far wrong. In choosing them let us look for moral integrity, thoughtfulness for others, generosity of mind and soul, dedication to the task on hand, enthusiasm, and vision. And while we are looking for these character traits ip our pub lic figures, let us not forget to examine ourselves. It is fine to have good leaders, but good lead ers will not get very far unless they have a worthy flock to lead ' t These comments are based on eullines of the International Sun day School Lessons, copyrighted by the International Council of Religious Education, and used by permission.) NO COMMENT * JMIB 1. MfNMf Washington An effective co-1 alition of Republicans and South- ■ ern Democrats believes it scored a ' notable victory in bringing about defeat in the House of a proposal to convert expanded unemployment compensation pay ments into a dole. This coalition, frequently hold ing the balance of power back in the Trunaan Administration, gave the present House Democratic leadership one of its worst beat- ings in recent years. Conservatives hope that the co alition will continue to be effec tive. In the past it has been a bulwark of strength against radi cal New-Fair Deal legislative pro- < posals. While the victory was out standing, it nevertheless was in -dSchenleq *3- ' MINItY 01 JT,UE * S CO ■ N V C BttN DtO / * ' ***"* ———i' the nature of a negative tri i umph. The coalition members were delighted to defeat the dole, but it must be said that at least some of them were not at all hap py with the compromise measure which the House approved. They think, however, that it was the best solution permitted by the politics of the situation— and they point out that politics was very much in evidence both during and before the House vote. The battle now shifts to the Senate where a determined effort has been promised to obtain ap proval of the measure rejected by the House. The outlook is not yet clear. I In the House the coalition ob tained approval, by a 223 to 165 i vote, of an unemployment com pensation amendment offered as | a substitute for the dole propos al advocated by the Democratic leadership. Then, as amended, the bill was ' passed by the House by the over whelming vote of 370 to 17. Under the measure, the Fed ! eral Government would, in effect, NOTICE OF A PUBLIC HEARING RELATIVE TO A PROPOSED AMENDMENT TO THE TOWN OF EDENTON ZONING ORDINANCE. Notice is hereby given that a public hearing will he held by the Town Cduncil of the Town of Edenton at 8 P. M., June 10, 1958, in the Municipal Building to consider a proposed amendment to the Town of Edenton Zoning ordinance. The amendment would rezone the property of M. L. Flynn at the corner of Morris Circle and Virginia Road from RAS Residential to Neighborhood Business. All interested persons are invited to attend. TOWN OF EDENTON Ernest P. Kehayes, Mayor ' Ernest J. Ward, Jr., Clerk offer to lend funds to the states for the purpose of extending the duration of payments of state un employment benefits. The extension, in each individ ual case, would amount to 50% of the benefits for which the in dividuals had previously been eli gible. There is no element of compul sion on the states to borrow the money. It merely authorizes a Federal loan. Repayment would be expected. Funds would be available only to persons who had been covered by the unemployment compensa tion program. Members of the coalition point out that legally the bill adds al most nothing to present law. A state now can pay benefits for whatever period has been author ized by its legislature. If the state runs out of money it can borrow funds now from the Fed eral Government. Actually, it is contended, the only thing that the House bill adds is authority for a state to borrow the money before it needs it—a situation not likely to be regarded realistically as an emer gency. However, from the standpoint of political expendiency, the ef fect of the House bill likely would be to bring heavy pressure upon Governors to call special sessions of state legislatures and then, in turn, to bring perhaps irresistible pressure upon mem bers of the state legislatures to extend the duration of benefits. The question the would arise as to whether, the extension of benefits voted by state legisla tures would be temporary or per manent. History affords few il lustrations of government bene fits that are permitted to be tem porary. The Democratic bill provided for outright Federal gifts to the states to pay an additional 16 weeks of benefits to those who had exhausted their state benefit rights. It also provided for paying the same benefits to persons out of work even though they had not been covered by the unemploy ment compensation system. Objection to this part of the proposal was put graphically by Rep. Smith (D-Va.), Chairman of the House Rules Committee. He called it “pure, unadulterated, un disguised, unabridged and una bashed socialism.” Rep. Smith also pointed out that the proposed legislation “carefully refrains from any needs test.” “It does not make any differ ence whether you need the money or net,” he explained. “It is go ing to be dished out to you if you ask for it and if you are unem ployed.” Those eligible for unemploy ment payments, Rep. Smith said, would include: Retired millionaires, thousands Nagging Backache 'Sleepless Nights Naggingbackache, headache, ormuscular aches and pains may come on with over-ex ertion. emotiona 1 upsets or day to day stress and strain. And folks who eat and drink un wisely sometimes suffer mild bladder irri tation ... with that restless, uncomfortable feeling. If you are miserable and worn out because I of these discomforts, Doan’s Pills often 1 help by their pain relieving action, by their soothing effect to ease bladder irritation, and by their mild diuretic action through the kidneys-tending to increase the out put of the 15 miles of kidney tubes. So if nagging backache makes you feel dragged-out, miserable . . . with restless, sleepiest nights... don't wait.. try Doan’s Pills.. get the same happy relief millions have enjoyed for over 60 years. Get Doan's Pills today 1- • Doan’s Pills Ad No. 116-41 lines * tit —=-^ Nitrogen Solutions LIQUID NITROGEN You Get These Advantages I/ ECONOMICAL NITROGEN . . . SAVES MONEY • • • ... SAVES TIME AND LABOR. 2. LOW PRESSURE SOLUTIONS ARE NON-HAZ ARDOUS TO APPLY... NO DANGER TO NEAR BY CROPS. 3. PROVIDE FASTER MORE EVEN CROP RE SPONSE TO NITROGEN. 4. SUPPLY QUICK ACTING ... LONG LASTING FORMS OF NITROGEN (approximately one-third Nitrate and two-thirds Ammonia Nitrogen.) 5. NO DEEP DIGGING INTO YOUR 501 L... MAXI MUM DEPTH OF APPLICATION 2 to 3 INCHES. FOR CUSTOM SERVICE AND FURTHER INFORMATION SEE US BEFORE YOU BUY! e Home Feed & Fertilizer Co. W. Carteret St PHONE 2313 Edenton.N.C. of retired people in the Armed Services “drawing their generous retirement pay,” retired civil ser vice employees who receive re tirement pay, retired (either vol untarily or involuntarily) mem bers of Congress, and unemploy ed men with wealthy wives. Yam Plant Shortage Creating Problems A serious shortage of sweet po tato plants, due largely to pro longed wet, cool weather, has cre ated another problem for Tar Heel farmers. Henry Covington, horticulture ®sXl)®®a>®®<!XsXsXsXsXS<sXS)®®®<SXi^ VOTE FOR J. A. BUNCH for SHERIFF CHOWAN COUNTY | * * Jlh| II am a candidate for re-election to the j office of Sheriff of Chowan County. It ; has been impossible for me to personally < contact all of the voters of the County, so j that I am, through this means, soliciting ‘ the support of all the voters in the County, j @ I will greatly appreciate any votes and j I support the voters will favor me with in \ | the Democratic Primary Election on Sat- ' f urday, May 31st. < is a I—SECTION THREE PAGE FIVE specialist for the N. C. Agricul* tural Extension Service, cautions against buying plants “just any where.” Buying plants without knowing the condition under which they were grown is poor business, declares the specialist . . . “You may easily get, along with the plants, diseases such as wilt, scurf, and black rot.” The best thing to do, adds Cov ington, is to buy certified plants, or plants grown from certified seed. The quality of the crop produced is never better than the quality of the seed. Cheap plants .are usually the most costly in the long run.
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 29, 1958, edition 1
17
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75