Newspapers / The Chowan Herald (Edenton, … / July 30, 1959, edition 1 / Page 11
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■ 1 ' rtf’ Three Fs ] | PERSONAL AND fj PRIVATE PROBLEMS VrMa colomn wiu attempt to aanSiJ nertunul and private problema at in* ■lviuauls who submit their a nee tl on to thia column. Those inquiries to in elude family and social problema and; -will cover questions that come on in ,ndjuatln( oneself to Society; economic questions to include adjustment to busl* ness life and careers. All inquiries correspondence; and names will be hold In the strictest confidence. All IneHilr* les and questions should be addressed • to ‘'Three P'eV. care ot The Chowan He>ald. Edenton. N. C. —Vladimir It. UeUor. Counselor. Three P’s Recently I have been reading! 5n the newspapers about various disputes going to arbitration. jWy one dispute arbitration itself was an issue in the dispute. If arbi tration is a method of settling issues why is there so much, op position to it? I have observed that in several instances the is sues involved were not given but rather the uestion of arbitration. Can you explain this? —Puzzled. Cigar Puzzled: r Arbitration is not new; it is as old as the hills. Where indi viduals could not settle their dif ferences between themselves an arbitrator, umpire or referee was chosen to consider the facts and .to render a decision. This meth od has been used over the years and the arbitrator was usually a neutral person who had nothing to do with the facts in the case ■or the individuals involved. In recent years there have been so many disputed law suits where the parties have' not been able to ■agree that arbitrators have been used. Arbitration has grown in to big business and there is an organization of professional arbi trators with their own society and publications to keep inform- 1 ed in the field of arbitration, j people in'this field make * a good living out of this pro fession, and in an involved con troversy they are paid fees from thirty-five to fifty thousand dol lars plus expenses. Some arbi trators have become wealthy and' well known and have written books on thhir experiences.' However, it seems that arbitra tion does not really settle issues on the merits of the facts in volved, but rather has develop ed a philosophy of compromise as a matter of expediency. As a result there is growing up a ten dency to eliminate arbitration unless the law requires such 8 method of settling disputes. Most of the arbitration cases involve labor disputes and that is where the trouble is coming to light, f In a great many union contracts the union fights for compulsory arbitration and a clause in the j Contract that the parties involv- will have to accept the re ' suit of the arbitration. In all la bor disputes it is a well known fact that labor leaders demand a great deal more than they expect tri get and a great deal more ffian they deserve. Business has no defense except to refuse ex cessive demands and this some times results in a long pro tracted strike. However, where there is a compulsory arbitration clause in the contract it usually provides for each side to pick gn arbitrator and then these two select another. From recent re-' suits of this method of settling disputes most arbitrators work toward a compromise, regardless Os the justice of the demands of labor, so that you may rest as sured that business will have to pay the bill. There is no record of recent cases where the arbi trators flatly went against labor and the excessive demands, and as a result,^where the arbitra .tion is compulsory, business must -l£ssume more increases in wages Notice Os Public Hearing i Notice is hereby given in accordance with the requirements of Section 160-177 of the General Statutes of North Caro lina, that the Zoning Commission and the | r f Town Council of the Toftm of Edenton t will hold a public hearing of the proposed Hn U. S. Highway 17 nexed by act of the ral Assembly, at 8:00 1969 at the Town of Building. All inter itedth attend. ||p;§|! r »■ v; y H gr ■ *j Vi. ■ ' ■rS&v w P"p P GRIM REMINDER—Two empty shoes are grim reminders of an accident that killed 81-year old Joseph Paganetto on the steps of his San Francisco home. Brakes of a neighbor’s auto failed, and driver turned into curb to avoid school children at a crossing. As he struck the brick steps at left, Paganetto stepped into the car’s path. and fringe benefits, which ulti-i mately increase the cost of their | product to the consumer. For j this reason, some concerns are. resisting the arbitration clause in labor contracts, as arbitrators do not consider whether the in crease in wages or fringe bene fits is justified, but rather try to compromise by giving labor some portion of their demands. There is some feeling that pro fessional arbitrators do not go into all the facts and the ap parent result on the buying pub lic, but try to settle on the basis Os give and take. It is interest ing to ftote that because of the log jam in local and federal courts .in civil suits, particularly damage suits, that the courts to ,Telieve themselves of the ter rific backlog of cases is consid ering arbitration or the appoint ment of masters or referees to consider the issues and to make a recommendation to the courts. In the whole field there does not seem to be any development of sound principles other than com -1 promise. It will be interesting to note just what will develop. Os course the U. S. Department of Labor does not settle disputes but rather strongly backs arbi tration. Dear Three P’s: For some time now I have been having an argument with my husband about vacations. He is a wonderful man but he geits fixed opinions and nothing I can do will persuade him to recon sider. He wants to take a long automobile trip to Yellowstone [Park with the two children who I are five and seven. Personally . I would like to go to a quiet [place where I can get some re laxation and watch the children. Such an auto trip would be tir ing and trying for me and the children. What do you suggest? —Phyllis. Phyllis: Your problem is one that would take more than a Solomon to solve, particularly where a person is involved with a deter mined fixed opinion. Os course, the old axiom of .using honey rather than vinegar still works. Why do you not discuss the de tails of such a trip with the children, the cost, the necessity of watching the children, the boredom of such a long trip, but indicate after you discuss all the worst side of the trip that per haps you will go if that is what he wants. Then in a concillia tory way just suggest that he may need relaxation and rest and would he just think of some quiet place to go. In the end discussing such problems in a friendly way accomplishes more than trying to stand up for your side of the question. Try it out. , THE CHOWAN HERALD, EDENTON. NORTH CAROLINA, THtTRCDAY. JULY 30, 1959. —i 1 1 i i ~ r 1 iini i i —i | The National Outlook * I Monkey Business On the Interest Rate By Ralph Robey V Some weeks ago this space was devoted to a discussion of the request of the Administra tion for an increase in the fed eral debt limit, for an elimina tion of the present 414 percent ceiling on government bonds of i over five years’ maturity (there is no ceiling on obligations of shorter maturity), and for au thority to adjust the rate of in terest on E and H savings bonds. At that itime it was the expec tation that the House would meet the request promptly and without difficulty, but that in the Senate there would be a substantial squabble. We ex pressed the opinion that after the Senate argument the Ad ministration would obtain what it had requested. Raising the debt limit was promptly passed, although by a smaller amount than the Treasury wanted A Guest Witness The trouble started in the Ways and Means Committee, to which the Administration re quest was referred. That com mittee had three days of. hear ings (June 10, 11 and 12) and all the witnesses with one ex ception were connected with the government. The one ex ception was Gerhard Colm. He is chief economist of the Na-[ tional Planning Association and | appeared at the personal invi-i tation of the committee chair man, Wilbur Mills (D-Ark.). The questioning of the witnesses 5% New Car Loans Peoples Rank and Trust Co. } Consumer Credit Branch 210 South Broad Sired EDENTON. Y C. | Member E. D, I. C. How to avoid teen-age telephone traffic jams ij ► fy look "Teenie"! We know / the telephone it the life line •f your social life but when you tie up the family phone, your friends can't call you. Se be a good party line neighbor. Space your calls, keep them brief, and hang up the receiver carefully. * fjHKRj The Norfolk & Carolina M was lengthy but there was no intimation of revolt by the com mittee against the wishes of the Administration. Following the hearings the committee went into executive I session with Secretary of the Treasury Anderson and Federal Reserve Board Chairman Mar tin, for the purpose of working I out a bill which would be sat isfactory to all concerned. This objective was never realized, al though a bill was adopted by the committee by a fairly sub stantial majority. This bill does not lift the in terest ceiling, but it authorizes the President for two years to declare that it is in the na tional interest to offer more than 4'4 percent on bonds of five years or longer maturity, and to make an upward adjust ment in the rate paid on E and H savings bonds. The obvious purpose of this provision is to put the stigma of higher inter est rates upon the Republican Administration, rather than up on the Democratic majority in Congress. i The bill also carries recom mendation that the Federal Re serve System discontinue itr limitation of open market op j erations to short-term govern | ment paper, and start to buy i long-term government bonds) These purchases are one of the means by which the Federal Re serve System controls the lend- ing power of the commercial banks. The recommendation was made by Gerhard Colm in the hearings, and it was agreed to by Chairman Mills Neither of its provisions is sound and neither will contri bute to the public welfare. Requiring the President to> de clare that the national interest makes it npcessary to offer more than a 414 percent rate on bonds is certain to upset the government bond market, and that market has been having enough trouble without adding a new disturbing factor. Congressional Interference The recommendation to the Federal Reserve System is just as bad, and probably worse. Chairman Martin says the rec ommendation is either meaning less, and if so it should not be: in the bill, or it means what it says, and if that is the case' then it is a direct Congressional j interference in the management of the money supply by the Federal Reserve authorities. This is a logical and well taken point of view by Mr. Martin, for it is obvious that the Con gress does not have, and cannot attain, the knowledge necessary to supervise the money supply on a day-by-day basis. | The most persistent argument made against removal of the j interest rate ceiling is that itj would cause an increase in the carrying charge of the public debt. This is not true. If the Treasury had the freedom to take advantage of the whole range of investment funds avail able, the total burden of the public debt might well be less than it is today. Further, present interest rates are not high by historical standards— they are high only in relation to the past several years. And forcing the Treasury to do its financing solely in the short term market will not save money. This was proved in the recent issue of a $2 billion issue j of one year bills. What is taking place will help; no one and, if continued, will. cause trouble and embarrass ment Vets’ Interest Rate Now 5V 4 Per Cent The maximum interest rate 1 that may be charged on GI loans | is now 5Vi per cent, Veterans j Administration said. Previously the maximum was! 4% per cent but the new rate j became effective on July 2. VA direct loans will also car Further Reductions 1 D IfSr DURING OUR JULY V k l Clearance Sale j ’ Summer Dresses J||) f | AND ONE GROUP I ;; LADIES’ SUITS ipp | ii Shorts and Blouses J ■ \ ' Summer Robes ... Shorty Gowns, Pajamas (( w And Special Group of Sportswear ( , ji f Summer Jewelry To Go At V 2 Price . 1 • T —* — Y ry the increased interest rate, but the new rate does not ap ly to loans previously closed or | already in existence, VA empha sized. The increased rates were based on provisions of Public Law 86- 73 which was approved by the President on June 30. # " Loans closed on or after the effective date of July 2, 1959 may carry the new rate unless the lender had made a commit ment to grant the loan at a low er rate, VA said. The new law also authorized the Administrator of Veterans Affaids to request an additional SIOO million for direct housing loans to veterans. VA said July 25, 1960 is the deadline for World War II vet- ] erans to apply for GI loans and | j Korea veterans have until Feb i ruary 1, 1965. : jy I mm! ji New 1959 Lark Deluxe 4-door Sedan j 1957 Plymouth I j 9-passenger Suburban Station I Wagon—(new motor) I 1956 Plymouth 1 Belvedere V-9 Hardtop Sport Coupe ... a very clean car 1954 Chevrolet 2-door Sedan | 1954 Chevrolet 4-door Sedan 1954 Ford V-8 Pickup Truck 1953 Chevrolet Belair 2-door Sedan 1952 Pontiac “8” I 4-door Sedan 2-tone Paint | . 1951 Ford V-8 Pickup Truck 1950 Dodge 4-door Sedan WE PAY TOP MARKET PRICES FOR GOOD USED CARS! 1 I 0 | J. &B. Motor Co. west; queen street Phone 2202 Edenton Dealer's License No. 2899 | JILL Shoppe Revival At Whiteville Grove Begins Aug. 2 The Rev. J. Paul Heloman, , pastor of the Whiteville Grove Baptist Church at Belvidere, an nounces that revival meetings will begin at the church Sunday morning, August 2 at 11 o’clock and will continue each night through Saturday night, August 8. The services will begin eaoh night at 8 o’clock. The Rev. Bryan W. Hollowell, Jr., pastor of the Bethel Baptist Church, will be the guest speak er. The public is cordially in vited to attend any or all ser vices. | TRY A HERALD CLASSIFIED j Legal Notices i LEGAL NOTICE Notice of unclaimed fund held 'or owing by Metropolitan Lite 1 Insurance Company, 1 Madison (Avenue, New York 10, N. Y., for ' Rogers R. Jones, Edenton, N. C., I Benf. Rebecca Reddick. $61.00. ' This fund will be paid by the Company to persons establishing to its satisfaction their right to receive same on or before De cember 1, 1959. After that date | said fund will be paid to the | University of North Carolina to |be held in trust of the owner ' as provided by law. j july2o,aug6c ADMINISTRATOR’S NOTICE Having qualified as admini strator C.T.A.. of the estate of Addie N. Warren, deceased, late of Chowan, County, North Caro lina, this is to notify all persons having claims against the estate of said deceased to present them to the undersigned within one year from date of this notice or same will be pleaded in bar of their recovery. All persons in debted to said estate please make immediate payment. This 2nd day of July, 1959. DAVID M. WARREN, Administrator C.T.A. of Addie N. Warren. ju1y2,9,16,23,30,aug6c EXECUTOR’S NOTICE Having qualified as Executor of the estate of Clara L. Good win,, deceased, late of Chowan County. North Carolina, this is jto notify all persons having I claims against the estate of said | deceased to present them to the I undersigned at Tyner, N. C., within one year from date of this rtotice or same will be pleaded in bar of their recovery All persons indebted to said es tate please make immediate pay ment. This 25th day of June. 1959. RALPH GOODWIN. Executor of Clara L. Goodwin Est. ju1y2,9,16,23,30,aug6c I—BECTION TWf> PAGE FIVE ADMINISTRATOR'S NOTICE Having qualified as admini strator of the estate of N. E, Hollowell, Route 1, Edenton, N. C., deceased, late of Chowan County, North Carolina, this is to notify all persons having claims 'against the estate of said deceased to present them to the undersigned within one year from date of this notice or same will be pleaded in bar of their recovery. All persons indebted to said estate please make im mediate payment. This 2nd dav of July, 1959. N. E. HOLLOWELL. JR., Administrator of N. E. Hollowell. ju1y2,9,16,23,30,aug6c EXECUTOR'S NOTICE Having qualified as Executor of the Estate of Archie Asbell, deceased, late of Chowan Coun ty, North Carolina, this is to no tify all persons having claims against the estate of said deceas ed to exhibit them to the under signed at Edenton, North Caro lina. on or before the 25th day of June, 1960 or this notice wiil be pleaded in bar of their recov ery. All persons indebted to said estate will please make im mediate payment. This June 18. 1959. W. S. PRIVOTT. Executor of Estate of Archie Asbell. june25,ju1y2,9,16,23,30c BOND ORDER AUTHORIZING THE ISSUANCE OF $60,000 SCHOOL BONDS OF THE COUNTY OF CHOWAN. Whereas, the County Board of , Education of the County of . Chowan and the Edenton City Board of Education have deter , mined that it is necessary to provide additional school plant facilities hereinafter described, . so that the public schools in the ! County of Chowan may be . maintained, as a part of the sys ! tern of public schools of the ; State of North Carolina, for the , nine months’ school term re quired by law, and that it will be necessary to expend for ' such school plant facilities sums • amounting in the aggregate to more than $60,000, in addition to ! other monies available therefor; now, therefore, Be it ordered by the Board of Commissioners of the County of Chowan, as follows: Section 1. The Board of Com missioners of the County of Chowan has ascertained and hereby determines that it is ne cessary to erect and equip in the Chowan County School Ad ministrative Unit an addition to the existing building used for the White Oak School, and to erect and equip in the Edenton City School Administrative Unit an addition to an existing build : ing used as an elementary school, in order to enable the County of Chowan, as an ad ministrative agency of the pub lic school system of the State of North Carolina, to maintain public schools in the Chowan County School Administrative Unit and in the Edenton City School Administrative Unit for the nine months’ school term prescribed by law. and -that it will be necessary to expend for such purposes not less than $60,000 in addition to othet monies which have been madfe available therefor. Section 2. Bonds of the County of Chowan are hereby authorized and shall be issued pursuant to the County Finance Act of North Carolina to erect and equip such additions to said school buildings. The maximum aggregate amount of said bonds shall be $60,000. Os the monies raised by the issuance of said bonds, $40,000 shall be expended for said addition to the exist ing school building used for the White Oak School in the Chowan County School Administrative Unit and $20,000 shall be ex pended for said addition to the existing building in the Eden ton City School Administrative Unit used as an elementary school. Section 3. A tax sufficient to pay the principal of and interest on said bonds when due shall be annually levied and collected. Section 4. A statement of the county debt of the County of Chowan has been filed with the Clerk of the Board of Commis sioners of said county and is open to public inspection. Section 5. No debt shall be contracted during any fiscal year by the issuance of bonds pur suant to this bond order if the amount of such debt and of all other debt contracted during such fiscal year shall exceed two-thirds of the amount by which the outstanding indebted ness of said county shall have been reduced during the next preceding fiscal year, unless the incurring of such debt shall be submitted to a vote of the people of said county and shall be ap proved by a majority of those who vote thereon. Section 6. This, bond order shall take effect thirty days after its first publication after final passage, unless, in the meantime, a petition for its submission to the voters is filed under the County Finance Act, and in such event, it shall take effect when approved by the voters of said county at an elec tion as provided in said Act. The foregoing bond order has been introduced and a sworn statement has been filed under the County Finance Act, showing the assessed valuation of the county to be $20,000,000, and the net debt for school purposes, including the proposed bonds, to be $363,300. A tax will be levied for the payment of the pro posed bonds and interest, if the same shall be issued. Any citi zen or taxpayer may protest against the issuance of such bonds at a meeting of the Board of Commissioners to be held at the regular meeting place of said Board in the County Court House in Edenton, North Caro lina, at 9:00 o’clock A. M., on the 4th day of September, 1959, or an adjournment thereof. •< BERTHA B. BUNCH, ; Clerk of Conumssion-
The Chowan Herald (Edenton, N.C.)
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July 30, 1959, edition 1
11
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