Newspapers / The Chowan Herald (Edenton, … / July 10, 1958, edition 1 / Page 10
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PAGE TWO -rvwt , —, SENATOR fg\ A SAM ERVIN &|ti&| Washington The grand to tal of all debt, pnblic and pri vate, in the United States is a staggering SB2B billion, based on the Treasury reports as of the end of 1957. I Trillion Dollar Debt j Wet are approaching a trillion dollar debt at a rather rapid rate, 1 an amount that is almost be yond comprehension. The amount of the deficit for the fiscal year which ended on June 30 has not yet been releas ed. It is estimated at about $3 billion. Informed observers of the national debt picture predict that next year’s deficit for Uncle j Sam may run as high as sll bil- J lion. ! One of the most significant potential dangers lies in the con. stant threat of runaway infla tion. The fact that only a few prices have dropped during the current slump indicates to me that there are unnatural forces prresent that can play havoc with our country. Increased Limit There are now certain signs that the Administration will be forced to ask Congress to in crease the national debt ceiling for a second time within only a few months. There is no doubt that the slump in business has made it advisable to accelerate! spending for sound projects. Such action is calculated to pre. vent a depression. But priming the pump should be abandoned at the very earliest moment prac ticable when there is conclusive evidence that the economy is snapping back. All pressures for new programs and additional spending must be studied with a view to the impact on infla tion. The Treasury’s figures on the gross debt of our country, pub lic and private, at the end of 1957 show this information: Cor- . porate debt, $277 billion; pri-: vate (individual) debt, $222 bil- i bion; state and local debt. $54 billion; Federal debt, $275 billion. In any reasonable discussion, ’ of the debt picture one has to < take into consideration the rela- 1 tive position of debt to gross na tional product, but there is no doubt in my mind that a sub-1 WE ARE PROUD TO HAVE BEEN THE To Remodel The Building Now Occupied By PHTHISIC’S NEW SOPER MARKET When In Need Os Any Kind Os Construction Work Call R. T. PICKLER or D. R. FAIRCLOTH TRADING AS Edenton Construction Company PHONE 3315 Member The Associated General Contractors of America, Inc., Washington, D. C EDENTON, N. C. stantial rise in the figures will increase the threat of disastrous I inflation. This is one reason why I have opposed tax relief now and favored a reduction in ! such programs as foreign aid. j Some have pointed out that the United States Treasui'y could 1 not liquidate our national debt by the payment of the $276 bil-. ! lion listed debt. They argue this ' is so because of large-scale guar- j antees. participations and com mitments of various descriptions that would far exceed the listed , amount. It is also pointed out 1 that contingent and suspended j liabilities such as taxes collected 1 for social security and numerous [other programs would add a whopping amount to the figure. No Easy Formula This indicates the urgency of j wise management of our debt, private and public. It is no easy or simple task to maintain desir able growth of our gross nation al product, prevent inflation, halt recession and provide the formu la for equitable sharing of the tax burden of this country,. Mrs. Betty CulHnher Dies Near Colerain Mrs. Betty Vashti Cullipher, 138. died Friday night at 11:15 o’clock at her home near Cole rain after an illness of six months. Surviving are her husband, Ed gar M. Cullipher; her parents, Mr. and Mrs. James H. Cobb of Merry j Hill; two sons. Jackie Bruce and Edgar Ronald Cullipher, at home; two daughters, Mrs. Doris Ann Harden of Windsor and Danice Mae, at home; a brother, the Rev. George L. ,Cobb of Whaleyville. Va : three sisters, Mrs. George W. Miller of South Norfolk, Mrs. Franklin Belch of Colerain. Mrs. Lor : s Pierce of Windsor, and two grandchildren. She’ was a member of the Per- ' rytown Assembly of God Church, where funeral services were held Sunday afternoon at 3 o’clock. The Rev. Glenn Lawrence, pastor of the. Assembly of God Church in Hertford, officiated, and bur ial was in Hillcrest Cemetery at Colerain. Pallbearers were DeFord Pierce, j __ , ' . „ THB CHOWAN HERALD, EPENTOfr ftbßfH CAROLINA. TOtfttSDAT JULY 10. 1958. J. G. Pierce, Garvin Todd, Isaac Easnight, Z. H. Harrell and Ken n'eth Harrell. I I Hospital Patients! IV I Visiting Hours* 10 to 11 A.M.. I 2t04 P. M., and BtoBP. M. Children Under 12 Years of | Age Not Permitted To Visit Patients. Patients admitted to the Cho wan Hospital during the week of June 30-July s,Were: White Miss Barbara Ann Bell, Eden ton; Mrs. Peggy Hollowell, Ty ner; Mrs. Mary Ann Akehan, I Edenton; Masttr Richard Skiles, 1 Woodland, N. C.; Billy Chappell, Hertford; Mrs. Frances Ann Joy- I ner, Tyner; Miss Laura Penning |ton, Hertford; Mrs. Kines Cope, land, Ryland; Burton Allen Mit chell. Tyner; Mrs. Charlotte Lewis, Hobbsville; Mrs. Evelyn Gertrude Huston, Roper; Miss | Rachel Ann Powell, Edenton; .Miss Martha Lee Phelps, Roper; I Ellie D. Byrum, Tyner; Mrs. | Grace Ann Madden, Edenton; Ottis Carney Spruill, Roper: Miss Mary Frances Cox, Hert. ford; Mrs. Jean Hollowell Leary, Edenton; Mrs. Lillian Joyce Fry, Edenton. Negro Elnora Phelps, Creswall; Alice Mae Sutton, Merry Hill; Gladys Lucile Copeland, Hertford; Jose phine Matthews, Edenton; De- ‘ lores Powell, Edenton; Irene Hardin, Edenton; Edna Basnight, Columbia; Clotie Banks, Har- j risonburg, Delaware. Patients discharged during the same, week were: White Jack Badham, Edenton; Mrs. J Mary Ann Skehan, Edenton; j Watt Sopeland, Hertford; Mrs. \ Joyce Wise. Edenton; Frank W. Fortescue, Tyner; J. D. Stallings, | Belvidere: Master Richard Skiles, | Woodland, N. C.; Miss Barbara Ann Bell, Edenton: Mrs. Peggy Hollowell, Tvner; Bily Chappell, j Hertford; Mrs. Kines Copeland, LISTEN EACH SUNDAY AT 8:45 A. M. to The Melody Five Eden ton’s Own Spiritual Group J " - OVER RADIO STATION WCDJ y--ritoSßSzZ'j;: '* Gary Cooper, as "Joe Chapin," is starred in Twentieth Century- Fox's Cinema Scope production of John O'Hara's much lalked-of novel, "Ten North Frederick." Diane Varsi and Susy Parker also star in the Cher'es Brackett produced, Philip Dunne direct ed film, showing at The Taylor Theatre July 13-14-15. Ryland; Miss Laura Pennington, Hertford; Mrs. Charlotte Lewis, Hobbsville; Mrs. Evelyn Gert rude Huston, Roper; Miss Ra chel Ann Powell, Edenton; Ellie D. Byrum, Tyner; Miss Martha Lee Phelps, Roper; Francis ■ Hicks, Edenton. Negro Fannie Tripp. Edenton; Elnora i Phelps, Creswell: Alice Mae : Sutton. Merry Hill; Willie Thom as Harrell. Hertford; Irene Har din Edenton. Births j Births during the same week I were: Mr. and Mrs. Edgar j Lewis, Hobbsville, a daughter; : Mr. and Mrs. James Huston. Rop. j er, a son: Mr. and Mrs. Wal'er Sutton, Merry Hill, a son; Pfc. aid Mrs. Kenneth Madden, Eden | ton, a daughter; Mr. and Mrs. | Charlie Basnight. Columbia, a son; Mr. and Mrs. Thomas W. I Leary, Edenton. a son. TRY A HERALD CLASSIFIED' A woman may consent to for get and forgive, but she never will drop the habit of referring to the matter now and then. —Unknown. GALOSHES? EQUIPMENT? You’ll find everything fast in the Classified Section of d/Sth Your Telephone Directory \jijmn •tUnipi. s ' * ' • •* » The Norfolk & Carolina „ f Telephone & Telegraph Co. Pension^ Widows Raised More than 82,000 widows of U. S. veterans of wars before World War I will receive increases in l their Veterans Administration pensions next mohth, VA said. j •The wars concerned. VA ex-1 plained, are the Spanish-Ameri-' can War, Indian Wars, Civil War, j and the Mexican War of 1846-' 1848. ' 1 The increases, which will range from $7.27 to $12.50 per month and will be reflected in the pen sion checks mailed out at the end 0o 0 i ! v °uneed'\. I dentists say "wsaderfat* .. • “best I’ve ever used” ... “best tooth paste oa the auiriser of July, are authorized by Public Law 85-4% , I Slated for increases are all 1 widows of veterans of the Span-j ish-Ameriean War or the Mexi-| can War of 1846-1848, who are re ceiving VA pension. Also sharing in the increases will be most—but not all—widows I of Civil or Indian Wars veterans. I VA pointed out that the law does not provide an increase for such j widows who are less than 70 years ALUMINUM • AWNINGS Baked-on Enamel ... Any Style! also t • Rock Wool (blown in) • Storm Windows and Doors I • Aluminum Screens * AHOSKIE INSULATING & WEATHERSTRIPPING CO. Manufacturers Os ’ ALUMINUM AWNINGS AND SCREENS P. O. Box 342 AHOSKIE, N. C. Phone 3139 MjMBBja|BHMMMSaRjaEEjMIBSEapEBpEES|SgipBWREMMMRSREIERIERIMIRII I Seagrams Crown 1 MP / S f Q ’° Wn / SEAGRAM-DISTILLERS COMPANY, NEW YORK CITY. BLENDED WHISKEY. 86 PROOF. 65% GRAIN NEUTRAL SPIRITS. of age. VA emphasized that widows al- I f«ady on the agency’s pension i rolls need take no action to get the raise. It will be paid auto matically. * * , , We need not power nor splendor, Wide hall nor lordly dome; i The good, the true, the tender i These form the wealth of home. ' —S. J. Htde.
The Chowan Herald (Edenton, N.C.)
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July 10, 1958, edition 1
10
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