Newspapers / The Chowan Herald (Edenton, … / Aug. 27, 1959, edition 1 / Page 4
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PAGE FOUR I—4KCTIOH ORE The Chowan Herald Published every Thursday by The Chowan Herald, a partnership consisting of J. Edwin dufflap and Heetor Luoton, at 423-428 South Sroad Street, Eden ton. North Carolina. . *m\rTN BUFFLAP nrtftnr HECTOR LUPTON AdvertUtof Manager SUBSCRIPTION RATES: M One Tear (outside North Carolina) $3.00 One Year (in North Carolina) _—s3-50 Six Mdnths —— $1.50 Entered as second-class matter August 30.1934, at the Post Office at Edenton. North Carolina, under the act of March 3. 1879. Cards of thanks, obituaries, resolutions of re spect, etc., will be chaiged for at regular ad vertising rates. THURSDAY. AUGUST 27, 1859. Honor Well Deserved The Herald joins the many friends who congratulate John A. Holmes upon having Edentcn’s High School named in his honor. What was known as the Edenton Junior- Senior High School will henceforth bear the name John A. Holmes High School. This is an honor well deserved and one way of paying tribute to a splendid man who has contributed greatly to the educational, religious and civic life of Edenton during the 36 years he has served as. superintendent of the Edenton Administrative School Unit. Edenton schools cf today are a far cry from the schools in operation in 1923 when Mr. Holmes came to Edenton to succeed Joe Nixon, another very popular school man in Edenton. Os course, progress is more or less inevitable, but much of the progress can be attributed to Mr. Holmes and the school teachers with whom the school programs have been planned and carried out. The school trustees, naturally, relied to a great extent upon Mr. Holmes’ advise and wisdom. A gentleman in every respect of the word and a valuable citizen in every phase of the community life, Mr. Holmes well deserves the honor bestowed upon him by the school trustees. The trustees do not always enjoy th"' "vV'' v v c a'" 1 >’ ’’it ••• ac ticns, u; L tins is .one mstaiu.* >'•hen the stire populace joins in a resounding “amen" and is delighted to see Mr. Holmes so honored. As stated before, it is an honor well merit ed and The Herald is delighted to see the action taken while Mr. Holmes still remains on the scene so he can realize a deep sense of satisfaction in knowing how Edenton peo ple as a whole appreciate him an dthe work he has done for the schools, as well as Eden ton. His savory influence has been felt over the years and it will continue for a long time to come. There are a limited number of John A. Holmeses, and Edenton is very fortunate in having had one of them. It is the richer for the 36 years he has served as a citizen and a school superintendent, and The Herald deems it an honor to offer its congratulations. Good News And Bad News While Edenton joins with Hertford and Elizabeth City in regretting to learn that the Nav • plans to end its $441,000,000 Seamas ter seaplane program, which, no doubt, mc-a .-losing of the Harvey Point Naval Base, Edentc-nians are very much elated to learn that Edenton will be the location of a plant for the Seabrcok Blanching Corpora tion. The announcement that the concern will locate in Edenton was made early this week jointly by James W. Gardner of Tyrone, Pa., president of Seabrook, and William P. Jones, vice president of the Edenton Cham ber of Commerce and chairman of the Indus trial Committee, who has devoted a great deal of effort in trying to secure industry for Edenton. Hertford, Elizabeth City and Edenton had hoped to benefit economically when the Har vey Point base would have been put in fifl operation. In fact, Edenfon and Elizabeth City had hoped that the installation would help to fill a void caused by closing of bases in the two places. The new industry for Edenton didn’t just happen, for there has been a great deal of work done before the announcement was ready for release, and J. H. Conger, Jr., president of the Edenton Development Cor r poration, pledged continuous Effort on the part of the organization to find other indus trial prospects, stating that several import ant leads are in hand at the present time. Mr. Conger gave Out this information at a meeting held in the Court House Tuesday night which was attended by some 60 indivi duals who pledged financial support for con struction of a proposed plant in Edenton for $ large knitting firm. i Mr. Conger presented a detailed report of the corporation in connection with the pro posed knitting concern which reflected much activitv and that no ■p’touo was left untitfhed to land the enterprise. £ ’ 1 Mr. Con) strongly advocated that loan agreements ptfdged and signed be left with the Edenton Development Corporation so that everything will be in readiness to talk buri- Mss when another prospect is found. “If IJJearJ Cf Sen Edenton’s Aces have been taken “through the mill” the past two weeks during Just about as hot weather as we’ve ever had. They played an intra-squad game Tuesday night and the training they have received was very much in evidence. They went to it as though the game was for a championship, and despite the hard playing, none of the boys seemed to-be affected by the grind. Here’s hoping the boys are as lucky throughout the season, for injuries often weaken a team. Yep, the Aces have been practicing very hard despite the extremely hot weather, so that they should be in pretty good shape. Here’s hoping so, anyhow. Incidentally, season tickets are now pn sale. By purchasing these tickets you wiH be helping the team financially and at the same time go in the park without having to stand in line to buy your ticket. - * : ■■ But another part of football games, almost as important as the team, is the band, ma jorettes and cheerleaders. This group also • has been practicing hard for the football sea son and will, n 6 doubt, be as ready as the Aces for the opening game with Camden Fri day night, September 4. . r . r—-O . Do you have problems? Well, you are not by yourself, for Band Director Derwood Bray has probably' more than his share. He has about 70. marchjng boys and girls in the John A. Holmes ,HJgh School Band this year and on Monday , lie-had the job of- trying to provide wu forms- for the group. -. Some are plump, some skmriy, some tall and some short, so that he had a dickens of a time Monday trying to find'uniforms to fit each member of the group.- Alay.be he'll get, by providing some of the fat ones do not do much stooping. Os course, some of the short ones can tuck up the legs of their pants but the long-legged ones will just be out of luck. Anyway if the v - - npf, her-’-' one who’ll be listening for the band- and watching the performance 4 the majorettes and cheerleaders at Friday night’s game. - —o . . Do you know what “stop” means? Well, it means STOPT T found orit the other night when Patrolmen Bruce Whitehurst turned up from nowhere. He said I slowed down, but didn’t step upon entering Broad Street. It cost me two bucks to find out what stop really means when I could have looked in the dftfcjbnary ! afid fountpbUt for fiothmg. ’ -But' like former Patrolman Bob Pratt (Mice said “Sfop means stop—not crawl.” '' - o- It was mighty hot Sunday, bint Max Gar land went to. the Methodist Sunday School. However; -when the class was over Max stuck to the chair. Maybe someone has adopted a policy of putting stickum on the seats so that thpse who go to Sunday School remain for •church service, Gcsh, maybe a fellow bet ter wear heavier pants or one of these times the seat of his breeches might stick to the chair. And speaking about the hot weather one of the Methodists made a suggestion that the church be air-conditioned. Well that might not remedy the situation either. With men wearing coats and women going to church with their back bare and dresses low in front, how in the dickens can the temperature be set to siit both groups. Anyway, it’s no hotter in church than some places are where a lot of people spend the church hour. o Red Men are sponsoring the King Bros. Circus which* will appear in Edenton next Tuesday, September 1. The Red Men will get a good commission on advance ticket sales, so why not buy your ticket from them? There will be twp performances, a matinee at 3:30 o’clock and the night show at 8 o’clock. Elton Forehand wa6 among the gronp who witnessed the signing of a lease giving Eden ton a plat of land at the former Edenton Na val Auxiliary Air Station to be used as a sewage disposal sitej: Jimmy Ricks was there to take some pictures, causing Elton to-say “I didn’t vnow you were going to take orr pictures or I would have combed my hair.” It would have been more appropriate for him to have said “wash my head,” for there’s very little hair on it responsible manufacturer comes herfc.” He was so right when he stated “In talking with prospects or lending agencies there is a vast difference between saying ‘we think we can raise your requirements’ or saying Ve al* ready have your requirements!.” TB«utrh. die knitting concern has' not ma terialized, it was encouraging to hear Mr. Conger say “Edenton stills seeds additional industry to balance ami support our econ omy The' esmoration the Chamber of wily. iuc | V, ‘ V“*noer 91 TMg j * LAST RITESr-TKli moving scene was recorded by photographer Earl O. Anderson shortly bodyjpf Pamela Marftell, 11, was taken, from the* placid waters of Winnisquam Lake : in New Hampshire. Administering last rites amid ’the hushed setting is Bev. John C. Horan. Long AJiew Os U. S. Public Debt Shows Consistent Distribution Analyze Holdings Shift' A long view of the ownerShipbusinesis and. industry, and others j and distribution of U. S. Govern ment securities as compiled by the Treasury Department which gives an insight into the manner and the effectiveness with which the Federal Government has managed the public debt—a debt which has grown sixfold over the last two decades to its present record level of about $285 bil lions. There have, of course, been problems at times, inherent in a debt of the size it has attained, its enormous economic influence, and the fact that a chronic shortage of savings to meet the nation’s capital and investment needs has characterized most of the post- World War II perioj. - The Current PnjUfani ■Over the past yeafc'for exam ple, the debt and its E&nagerant have attracted widespread tion as the result of the indict of a record peacetime budget/ deficit in an inflation-charged/ atmos phere and in a period Wien the demand for savings ants investi ble funds rose rapidly In keeping with the economy’s rebound from (he 1957-58 recession. Under such conditions, the rigidity of interest 1 fate strlfetpre «|t public debt has jXftt .Federal se curities at a .'competitive disad vantage with ftmds heeded to promote produemm and economic growth. / • ipjF : Through it all, nonetheless, the basic principle of Federal fiscal policy has been maintained, to finance the public debt-put otf the savings of individuals di»d other investors to the maximum possi ble extent to promote Economic stability and to help Seep infla tionary forces in cheek- . Under the dircumstanbes, it is significant to note that the bank ing system still holds only about a third of the public debt, a pro portion which hai changed tittle in recent" years. Holdings of the public debt by, the nonteankSng public, amountirwto $l4O billions at the end of F*>ruary, are now near their all-tiitih high and rep resent about half the total debt as they have for years. The bal ance of outstanding Federal se curities is held (by U. S. Govern-, •nent trust funds and investment accounts, such 'as the Social Se curity System. Chances and Their 3rckgroundf It is natural in an economy lfke ours to find changes in the holdings of Government securi ties, as of other types, among •'arious investor grouos over the reflecting the shifting , tides of demand. ne®d and empha sis. During World War 11, for example, when the nation’s sur vival was at stake, public debt hold : ngs of certain institutional investors reached record levels to help provide the funds needed to prosecute the war. At- one tiihe during that period the life Insure ance comoanies held over s2l bil lions.of U. S. Government sec»ri ties, close to half of all th»>r assets and an abnormally high prOoortion. With the resurgence of de mands for funds in the postwar noriod from the private y-rtorg of the economy nqpeowners. FOR YOUR &DOL PHONE 2218 I * • ’ ■ _ J r > Air-Conditioned * rl a" * . I —life company holdings of U. S. Government securities were re- ? duced to more normal propor ticns to help, meet the need for] credit and capital funds to. pro-’ mote economic grpwth. Similar j trends in' reducing holdings .’of. Government securities , are found, among Other institutional invest ors, as mutual savings banks and corporate pension funds. Much of the shift of funds' from Government bond holdings’ flowed into the home mortgage 1 field to meet the housing needs of a rapidly expanding popula tion, helping millions of Ameri s cans to own a home of their own. Government encouragement to expansion of housing was provid ed by FHA ’and VA . mortgage guarantees. Right > ww the life ; companies hold an aggregate of' . sls billions of FHA and VA 1 mortgages, practically a third of these loans outstanding and mak ing the life companies the big gest single holder of 1 this Gpvera . ment-sponsored debt: The Lag in Savings i In view of the’pressures for ■ lendable funds, it is significant to • note that life company holdings, t of U; S._ Government securities' during' 1958, an<f ; that purchases in the first quarter of » 1959 were nearly double those in ■ the like period of last year. Behind: the shift in the holdings s of U. $. Government, securities of 1 institutional investors in recent i years is the great growth in the ■ demand for'capital and invest ment funds in keeping with the expansion of the economy. Sav : inga have not- been showing a commensurate growth, and an in evitable ‘/pinch” has resulted.' eo-- ; hanced by the magnitude of Gov ■ emment deficit financing. t An indication of the situation I x out of a bonk? I H For the same reasonTve sing ■ out a book. We pray out 118 \\ of the same book so that we Wjm fliwi II (V \A\\J can all pray together —in B|| m /xP unison. JVot many outside 1 XJ II (Jim I/] 7 x\|U °I the Episcopal Church rea- M llj Ijj ') ,11111 lize that the "Book of Com- ■gl I v/fcr\l IWII mon Prayer” is the tie that B I Iflfl i tlu\l binds this great body of Ms! ■ 'ItiLLF^ ..... ' I' 'll. - Christian* together. -■ -T6 us who realize this, it » thrilling to know 1 ,- •B|| ■ that when we follow our Prayer Book In our ■ B churches here in the United States, there are 45* ■ ■ millions the world around using the same service, j Bp|. -.8 bi»t in their own language, to worship tha living 8 ■ God, I I Our "Prayer Book” is the”guide book for the' <1 ■ ordeidy Episcopal service, in which the lay mem- > ■ bar* of the congregation uke an active part *BNj Wa believe it true that the Book of Common' * - M oext onl y to the King James’ version of ■I the Holy Bible, has been the most influential book 8 ev« printed in English. When you visit the Epis copal Church near you. you 11 find a copy of the ■ ■ j a _.! v • - • ,-^B ■ wmw r\j- ~u~L-ij-j'Lr.r-u~ is provided by capital market! I figures compiled by ithe life In- j 'surance Association of America. ] • These figures show that, in the J current decade demands for long term funds to meet the needs of .'business and inusrtry, Govern- Jment (Feeral, State and local) and home owners ranged from sl7 billions in 1950 to over $36 , billions last year. The maximum J ability of the, life companies and other savings institutions com jbined to meet this demand was . in»1956, when they contributed 1 85 per cent of the total. Hast ’ year, with the demand for funds two-thirds greater than in 1956, Ithe savings institutions were able to meet only 44 per cent of . the total. The gap was filled by the banking systems, Government - institutions, and other investors such as fire and casualty insur ance companies, nonfinancial cor porations, and individuals. RED MEN MEETING Chowan Tribe of Red Men will meet Monday night, Septem ber 11, at 8 o’clock. Clyde Hol lowell, sachem, is very anxious to see a large turn-out. For Sale Pullets, some laying 50%; some smaller. 50c and up Eggs—Any Size 24c Lb. CALL 2525 OR 2265 Young Collards and Vine Ripe Tomatoes 15c per lb. PLACE YOUR ORDER NOW Collard Plants The Halsey Boys I, i, .-'-T ' ■ l. , lit NAnrivOf Mulligan A" Kerryman had the misfor tune to stray away from the safari and was captured by can nibals. “Your majesty ” said the can nibal cook, “how would you like thjs man served up?’’ “I • always 'like to cook my captives in some way appropri ate to their national character istics,” replied the cannibal king. “What is this man’s na tionality?” “He’s an Irishman, your ma jesty. Is it your pleasure that I do him into an Irish stew?” “No! No.! Make soup of bim.” ;. “But, your majesty, is that characteristic of the Irish?” “Os course it is that’* the way they cook young men in Ireland. I was given dozens of books about Ireland by Irish missionaries who came here at one time or another. How of ten in the course of that read ing have I come across the typ- #«§ ANNE’S Beauty Salon fr NO - 2 WESTOVER HEIGHTS SPECIALS August thru September 15 on All Permanent Waves Anne S. Jenkins and Camilla Driver have just returned from the hffC. Convention with the newest and becoming- Fall Hair Do’s just for you. fjk/ ; Telephone 3117 For Appointment Classified Ads TARTAR REDUCED 'BY SALT in OLAG-Tpolh Pasta. , At all drug, storjjj. APARTMENT TOR new utilities ancT Excellent-lo cation. Call 2476 or call at 201 E. King Street, Edenton. Aug6,2o,Sept3c fefT—'IHREE^^ffeROOM house on East Church Street. % block from Post Office and school. Reasonable. renL Mrs. J. N. Elliott. Phone ; 2387: : aug27,septS, • - FOR RENT—4-ROOM HOUSE .with bath. Large 4qt,|gpod neighbors. Reasonable z rent. Broad Street. Phone 2369, L. H. Haskett. tfc GIRL WANTS JOB OF BABY sitting.. Any night Sunday through Saturday. Good ex perience with children from one week to 12 years old. Phone 2497. ltc FEMALE HELP WANTED— Houseworkers, live-in positions in Massachusetts, Connecticut, New York. S3O to SSO. Refer ences required. Transportation advanced. Barton Emp. Bu reau, Gt. Barrington, 'Mass. aug2o,27,sept3p Watch Repairing— For prompt, dependable ser vice See J. J. Ross, Jeweler, formerly Forehand’s Jewelers, next door to Belk-Tyler’s Store. Phone 3525. tfc FOR RENT—TWO AND THREE bedroom houses. Electric stove, refrigerator, hot water heater. On school' bus route. L. E. Francis, Route 3, Edenton. Phone 3472. expsept24 PICTURE FRAMING—FOR THE best in custom picture framing see John R. Lewis at the Eden ton Furniture Company. Com plete line of moulding to cbouat v - ; frem. ;■*. 'IH FOR RENT TWO-BEDROOJf house in Westover Heights. Rent SIO.OO per week, Photo ***** * n* l1 * v " .► p . irV- --M V ■ J l‘iiTf 1 ■ i ’A RUNNER-UP Despite a ■toothless victory - type grin, Bobby Schwenker, 8, finished only second in a blueberry pie eatfest in Schenactidy, N.Y. 'ical expression, ‘A broth of a boy’.” . COTTAGE FOR RENT KILL Devil Hill 9. Electric kitenen, : ; hot water, three bedrooms and “ screened porch. J, L. Chest nutt, phone 2389. expAu2Bc HOUSE FOR SALE IF YOU need' V three bedroom house, •contact R. T. 'Harrell. Phone 38«9> aug2o,27,sept3c FOR RENT LARGE APART ment; upstairs. Living room, dinette, kitchen, two bedrooms and ‘ bath. Private entrance. Unfurnished; rent $36 month. Screened-in front porch. Lo cated, 300 W. Queen Street. Phons 238a Aug2o,27p FOR SALE—ATTRACT! VE home..and automobile accessory store 'Jot sale in this area. Modem, new fixtures. Excel lent potential, 100% location. Owner has other interests. $12,000 investment required. Please-: contact Charles W. Eg gers, Box 20, Rt. 3, Greenville, N Gj. w gljone PLAZA 2-3950. july3o,augft, 13,20,27 c f FOR RENT THREE HOUSES with two bedrooms and car port. New paint inside. S4O; or wilL spll. Call or see Dr. A. F.jjjfewnum. tfc FOR fI&K AND EXPERT serv£p£gfi your TV, radio and call the Griffin Phone 2428. tfc * '"."V ■ P ... - FOR SALE FRIGIDAIRE elecfric refrigerator and 4- bumer gas stove. * Good as new* - Both for $75. Call at 207 u t. Eden Street. Phone 3387. tfc “Sins of Swine” , Mammauth meat type OIC. Graret Champion blood lines. Serreke «|ars, gilts and pigs. Merry Hill, W- 8i tfc I 8! • - wim 8 18 8| Ip* wtaajn Im-. » ' m Brf - uRw ' 1 S'
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 27, 1959, edition 1
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