t-cfCTzox on PAGE FOUR ’The Chowan Herald q.*fci r j Published every Thursday by The Chowan Herald, a partnership consisting of J. Edwin Bufflap ana Hector Lupton, at 423-425 South f , Broad Street, Edenton, North Carolina. S’ J. EbWIN BUFFLAP Editor HECTOR LUPTON Advertising Manager SUBSCRIPTION RATES: One Year (Outside North Carolina)— $2.50 On* Year (In North Carolina) *2.00 { Bix Months sl-25 Entered as second-class matter August 30, < 1934, at the Post Office at Edenton, North Caro lina, under the act of March 3. 1879. Cards of thanks, obituaries, resolutions of respect, etc., will De charged for at regular ad • t vertising r>tes. THURSDAY. AUGUST 21. 1958. A LIFT FOR TODAY i ir ... I will arise and go to my father. —Luke 15:18. TEMPTAHON is ever near. Only wisdom j teaches that we should seek the Father first of all, as He is able not only to deliver us from evil but to keep us from falling. May we Our Loving Fafher. learn to walk in Thy Co mmandmenls. Void Hard To Fill • , Though not unexpected for about a week, the death of West W. Byrum Friday night cast a pall of sorrow over the entire com tnunity. In. his death Edenton and Chowan County have lost a valuable citizen, one whose shoes will be hard to fill. Mr. Byrmp for many years has taken an • active part iff the affairs of the entire county and having served for over 13 years as chair man of the County Commissioners he, no cloubt, knew the pulse of the entire county better than any other person. He was called upon for his services and advice on many occasions and was one of those men who could always be depended upon when asked to perform some duty, piany times sacrificing his personel business and convenience. In his passing Edenton and Chowan Coun ty have lost a valuable citteen, his church a loyal member and his family a dutiful and devoted husband and father. His passing leaves a void which will be hard to fill. The Herald joins numerous friends of the family in extending its sympathy to the be reaved ones, and commending his exemplary life as a benediction in the time of sorrow. Hard To Understand Jhe Herald likewise extends its sympathy to the families of Joseph K. Swanner and Chief Pharmacist Mate and Mrs. Richard Whitaker. Both families had the misfortune to lose a son in automobile accidents which were shocking to the entire community. The lives of both boys were snuffed out almost instantly, thus increasing the shock and deep sorrow of both families. Death causes a great deal of sorrow even when it is expected, but when a boy, full of life and apparently healthy in every respect, is alive one minute and the next a lifeless body, causes a burden which is hard to bear and hard to understand. Beth families have been robbed of a ten der Soul causing heartaches which are hard to . heal. But, like many of the mysteries of fife,: a kind Providence doeth all things well, IP'’that some day they will understand. The Herald, therefore, commends to the bereaved families, the Father of us all who alone is able to soothe the wounds caused by the tragic and untimely deaths of the two pre cious boys. Hard Way To Die Nothing is more horrible than death by fife. And this grisly way of dying is suffered b|y someone every 47 minutes in the United States. i The greatest single death in our his tory occurred on October 8, 1871, when fire Ptrgulfed the town of Peshtigo, Wisconsin, and cJaihied 1,152 lives. That disaster is immor . talized in history, and people still write about it. But Peshtigo was unique only in the fact that so many perished in so brief a period of time. The truth is that our average annual fire toll is more than 10 times the Peshtigo figure. : , • ' Last year, for instance, fire killed 11,300 people. The average over the last seven years has been 11,616. And, as is to be ex pttted, fire-exacts its largest human toll among tip old and the young—the two extremes of tht human spectrum. The highest death rate k hnttong persons 65 or older, and the second highest is among infants under five. Will we continue to endure what amounts to 10 Peshtigo cataclysms every year? The I answer to that can come from only one ftfatrce —the people of this country. Almost all I ffres are the result of human error, ignorance, lor fcarelessness. Almost all fires, therefore, I fletd never htown If everyone in the cotlD* I try Would do his share in the great cause of I fife prevention we would save thousands of I fives a year—to say nothing of hundreds of I millions of dollaT? worth of property. I Optimism is that quality that permits us I so hope that somebody else will do something I- dl l W US. 4 Jdeard & Seen By Buff II It was suggested at the meeting of the exec utive committee of the Chowan County Chap ter of the American Cancer Society Friday night that Dr. Frank Wood make a speech at a meeting of the directors scheduled for Wed nesday night, October 15. “Nope,” said Doc, “I stutter and will not make a speech.” But Mrs. Bert Tyson, field consultant said, “That’s all right. It will allow the directors longer time to think about what you say.” At any rate Doc will not speak and instead a cancer film will be shown. Which reminds me that if some of the speakers I’ve heard al ready stuttered, it would have been a case of spending a night at a meeting. Seems like some of ’em would never wind down. o At the rate of births, the gals about 15 or 16 years hence might find it a little difficult to catch a beau. Os the 14 babies born at Chowan Hospital last week, 10 of ’em were girls and four boys. And last Sunday’s Sun day School lesson was something about the minority groups. o Edenton Bay the last several days has been a mecca for rock fishermen. It hasn’t been unusual for a single fisherman to land as many as 28 of the rockfish and at times the bay put a fellow in mind of Ocean View when the croaker and spot fishing attracted many a fisherman. o Edenton Jaycees and their wives enjoyed an outing at Sandy Point Beach Thursday night instead of holding their regular meeting. From reports of some of the Jaycees, it was one of the most enjoyable affairs held by the local group. ' o Mrs. Joon Aynes, who made many friends in Edenton while her husband was stationed at the Edenton base, is now living at Corona Del Mar, California. Mrs. Aynes renewed Her subscription last week and in a note said: “Enjoy The Chowan Herald and reading about the activities in Edenton. Each edition is like meeting old friends. I would like to say how much I enjoyed Irene Jordan’s writing of the NAAS Notes. And. of course. I always read your editorials with interest. Major Aynes is now in Japan with many of the Marines who have been at Edenton and I want to be able to send him clippings from The Chowan Her ald—especially about any of the activities at the base.” Many of the Marines who have been stationed here miss Edenton and it works the other way around, many Edentonians also miss the Marines and are sorry they had to leave. o An interesting visitor in The Herald office the other day was the Rev. R. E. Walston, former pastor of the Chowan Circuit of the Methodist Church. Mr. Walston saw a copy of The Herald in which Mrs. Emmett Jones WRs pictured as “Homemaker of the Month.” He officiated at Mrs. Jones’ marriage and wanted a copy of the paper for he’s proud of her achievement. He’s now preaching at Camp Ground Church near Fayetteville. o Something new in these parts was on dis play last week when an armored car was parked at the Peoples Bank & Trust Com pany. The car is owned by the bank and will be used as a pick-up and delivery service of bulk currency and silver between the bank’s various branches. It’s a good thing to have, for there’s some people in this world mean enough to knock a fellow in the head for a dollar or two, so it’s wise to have such a truck to prevent some hard-boiled guy from trying to get some “easy” money. o It’s not altogether football weather, but Coach Bill Billings has a group of boys who are ignoring the hot weather in order to get in shape for the coming gridiron season. They are going through the paces and while it might seem like hard work, the boys later in the season will, no doubt, be glad they underwent the “tortuous” training to be in proper shape. It’s better for ’em to have their tongues hang ing out now instead of when they’re in a game of football. Here's hoping the Aces will again round out into a championship aggregation. o Youngsters and grown-ups alike will have an opportunity to see a circus Wednesday, September 10, when the Beers-Bames Circus will present two performances on the field op posite the Coastland Oil Company. The cir cus is sponsored by Chowan Tribe of Red Men, members of which hope many people will patronize. A good program is assured and it will not be necessary to travel many miles to see what a circus has to offer in way of wholesome entertainment. The Red Men are anxious to make some money on the deal, so here’s hoping large crowds will turn out. • o Just as The Herald went to press a news release was received that the drawbridge across Albemarle Sound will be closed to 'igavigation Tuesday, August 26, from 7 A. M. to 7 P. M., to make some repairs to the op erating machinery. THE CHOWAN HERALD. EDEKTQM* JIOHH CAROLINA. THURSDAY AUGUST 21. I#s». New Push To Debt Growth Looms In Trend Os Finances In United States E A new, and by past standards unusual, push has been’develop ing on the debt front as the re sult of simultaneous boripwing on a major scale by both the public and private sectors of disecono my. The prospect that this will be accentuated is inherent in the ex tent that the U. S. budget is now running “in the red,” and in fore casts that the deficit fel the cur rent fiscal year, which started on July 1, may be of the magnitude of $lO billions. Deficits of such a size were incurred only in war time in the past. A prolonged 'period of Federal deficit financing, superimposed on the normal and necessary capital and credit needs of a high-invest ment economy, and continue large State and local government borrowing for schools, rpgjls, etc., is practically certain to compli cate the fundamental problem of maintaining economic stability and of holding inflationary forces in check. It likewise puts a dif ferent complexion on the entire question of taxes. Without Exact Parallel This debt development has no exact parallel in the records. Long-term data compiled by the U. S. Department of Commerce show that public and private debt rarely scored major increases to gether for any considerable period of time in the last four decades. Usually one dominated while the other was quiescent. Historically, for example, Federal borrowing has always gone up greatly in wartime. Up to the Thirties this was always followed by an extended period of debt re payment. The rise in U. S. debt during that period, and the trend in recent years, have reversed a tradition going back to the coun try’s earliest days, of reducing a war-time incurred debt in peace time. Usually Unchanged Over the years, private debt has usually changed little or gone down when the public debt was expanding, and then climbed as a normal peacetime characteristic in keeping with economic growth. Increase in private debt is invari ably tied up with providing the production facilities, homes, and other capital and credit needs of an expanding economy. For ex ample, the, rise of some $340 bil ions in private debt from the end of World War II through 1957 was based on expenditures of nearly SSBO billions during the period for plant and equipment, new Homes( and other investment outlays, ac cording to gross private domestic, investment data of the U. S. De partment of Commerce. Growth! of the people’s savings In. life in- 1 surance and other thrift' institu tions has been a major source of capital and investment funds in this period. As it is, the total of. debt in the economy, has reached record proportions. Department of Com merce figures show that aggregate gross public and private debt reached a total of $852.7 billions at the year-end. The rise during 1957 Was about s3l billions. The gross 'debt of the economy now works out to the equivalent of just under $5,000 for every person in the population. Private Debt Trend Growth in the private sector has been the dominant debt fac tor during the post-World War II period. Actually, private debt de clined $25 billions from 1929 to 1945, a period in which the gross public debt went up from around *35 billions ;.to just under *3lO billions, practically * a ninefold rise. Since the end of 1945, grew private debt has incensed from P WHEN THE FOG CLEARED—BIack smoke from burning gasoline rises to the leeward of i SS Graham, a 1,475-ton coastal tanker that collided with the tanker SS Gulfoil, at the entrance* 'to Narragansett Bay near Newport, R.I. .Navy and Coast Guard firefighting crews abandoned ' attempts to extinguish the inferno. Though the Graham was carrying one million gallons of., gasoline, when the collision occurred in dense fog, her 13-man crew escaped. Not so lucky was | the 16,000-ton Gulf oil .where 15 .crewmen died, including the skipper, Capt Montreville EdCOOt Port Athur, Tex- • ‘ $154 billions to just under SSOO billions at the end of last year, a rise of about 225 per cent. Ap proximately 45 per cent of the' gross private debt total is indi vidual and ’noncorporate, with home mortgages and consumer credit major factors. In the public sector of the econ omy, gross Federal debt which stood at $292.6 billions at the end of 1945 declined during the im mediate postwar years but has risen from $268.4 billions at the end of 1950 to $301.7 billions at the end of 19S>7. State and local debt, in contrast, has risen stead ily since 1945, going from $16.6 billions to $52.5 billions. A sub stantial part of the net increase of $45 billions in the public debt since 1945, from $309 billions to $354 billions, represented state and local borrowing to meet social investment needs of the expand ing population. Gross Federal debt includes amounts owed by U, S. agencies and certain cate gories of debt not subject to stat utory limit. ! ' • Jj §L /\ ill Hill !»' mmm. t. 'i-id Jmß • Hm&b**..bbl ■n m I - f M Pi ' |b ilEilp ilbbhbbbbbhii ||||§| *’ N Aral vlf He was tired •• • now he’ll sleep foreve? illg mmsk ls was on| y fift y miles ,0 a 9ood night's sleep. He road and give in. Take a cat lose MBl I|l| WQS sUre he COuld make if 0,1 ri 9 ht ’ • ’" not much a little time-but it's better to be late and alive, j traffic." That's just what they Kiid when they found Too many of the nearly 40,000 who died on our ' WlSm MMmk . for °y- you can t fight off sleep at the takes. Good drivers never take risks—with the lives "W' Whee ' When yOU feel drOW,y ' S,op ~ oet off th « others or their awnl * W^m Help stop senseless killing on our highways. Drive safely yourself! Insist on strict law enforcement for your own Work actively with others to support your local Safety Council Remember—where traffic laws are strictly enforced, death** go downT ENGRAVED OR PRINTED | all types of social printing is at your command. We will be glad to make sug- to /w gestions, show you samples and quote VB§§« ™ ✓#’’9 prices ... all without , the slightest ob- X. i ligation on 'your park Wedding Invitations and Announcements M ' j fj3rCj In the wording, design and printing of \ ff, the formal Announcement or Invitation, \ it is of the utmost importance that cor- y „ rect form be observed. Our familiarity with the established customs applying to *■ SEE SAMPLE AT j THE CHOWAN HERALD Firemen Called To Three, Fires Edenton firemen were called out three times within a week, one of which was about 9:20 O’clock Wednesday night of last week. A Dodge truck on U. S. 17 south caught fire as the result of- driving with the emergency brake on. At 11:30 Saturday night a 1954 DeSota belonging to Will Hill on West Albemarle Street extended caught fire and was practically destroyed. No cause of the fire could be learned. Sunday morning about 4 o’clock the firemen were called to the farm of L. C. Bunch in the Han cock section. One of Mr. Bunch’s tobacco barns caught fire and was destroyed along with the to bacco in the bam. Love betters what is best Even here below, but more in heaven above. —Wadsworth. Whatever enlarges hope will also exalt courage. —Samuel Johnson. I have never been hurt by anything ,I, didn't say. v —Calvin Coolidge! CShUna Securities Corporation * Swestnvnts Chutalie New York City Ji RALEIGH D. M. Warren SOI S. Granvile FhoneJK Ideataa (*" PEST > FREE INSPECTION SERVICE^! W HOMES • STORES • INDUSTRIES I FOR A A DAT I',

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