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PAGE SIX
The National Out}ook
1960 Prospects—ll
By Ralph Robey
There are many problems fac
ing the nation today which will
have a profound influence upon
our future. Among the more
important are:
1. Management of the public
debt. Our federal debt is now
about $290 billion and too much
of it comes due within five
years. Every possible effort is
being made to change this but
not much can be done. Many
of the longer term issues already
outstanding are selling at prices
which give a yield of above 4Vi
per cent, and since under the
lr.-.v that is the maximum rate
which can be offered by the
government we are faced with
the fact that tne Treasury can
not sell any ob’igation of five
years or longcn maturity. Smcc
the ceiling does not apply to
anything with a maturity of less
tiian five years, the Treasury is
forced to do all its borrowin’
and refunding in this short end
of the market. The net effect
of this is to drive up short-ter-* -
interest rates and inereas r.-
cost of carrying the public debt
2. International deficit. 'JUr
rently we are running a deficit
in our international balance of
payments of approximately Si
billion a year. We are still
selling more goods abroad that,
we are buying and there it
every reason to. assume that this
will continue. The deficit comes
from various linancial trans
actions. Secretary of tr.e Treas
ury A".dcr‘ , en recently summar
ized the complicated statistics in
this area by s-ying that we are
spending ah.ut $3 billion a year
on the military abroad, some
$2 >2 billion on mutual aid. and
that there is about S 2 billion of
private investment. Each of
these invoices basic policy mat
ters, and reducing them appre
ciably will be extremely diffi
'duii.
MR. STORK
EXPECTED?
See us cfaout t’te
credit needs invol/c^!
Peoples Dank &
Trust Company
Consumer Credit Branch
210 South Broad Street
EDKNTON, N. C.
Taylor Theatre
EDENTON, N. C.
Wednesday, T'-ursday and
Friday, January 6-7-3
Anita Ekberg and
George Marshal n
"SIGN OF THE
GLADIATOR"
Cinema Scope and Color
Saturday. January 9
1)01 BI.K I 1..V n i£K
George Montgomery in
"LAST OF THE BADMEN"
Cinemascope anti Color
—also—
Red Skelton in
"PUBLIC PIGEON NO. 1"
Technicolor
Sunday, Monday and
Tuesday, January 10-11-12
The Biggest Fun-Show’s Here
"LI’L ABNER"
10 smash nrr Mixes
Technicolor
with
and Leslie Parrish
NO ADVANCE IX I'KICES
Wednesday, January 13—
TO BE ANNOUNCED
j' sure lire prescription ']
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-
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I home with the •. e l
Ai H^^jSSfc
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\offisT Coastlancl Oil Company
DISTRIBUTOR GULF OIL PRODUCTS
®fck Dixon, Mrr. Phone 3411 Edenton. N. C.
3. Inflation. On .an over-all
basis wholesale prices have re
mained stable for the past two
years, but the stability has been
only on the surface. The prices
iof farm products and processed
• foods have been declining and
the drop in these has been suf
ficient to offset the rise in other J
items. For several months we j
also had the same type of off- 1
set in the Consumers Price In- ,
dex. Food declined enough in :
price to counter-balance tises in
all other categories. In six of
the part seven fnonths, however,
the index has risen, and it now
stands at an all-time high.
4. Inadequate saving. In dol
lar amount the volume of sav- j
ing in the country is enormous.
In .-pltc- of this it is not large
enough to take care of the de- 1
mand except at what are termed
high rites of interest. For the
> edcral Reserve System to at
tempt to change this situation
by providing more lending power ’
to the commercial banks would
give a Xui (her impetus to in
flati'.p:, arid there is no reason
to assume that, any real move
:n this direction will be made.
The only sound answer is given
in the following paragiaph:
5. Taxes and government
spending. There is no paiticular
percentage of national income
which when exceeded by taxes
means . private enterprise must
wither and die. But there is a
proportion beyond which growth
and a rising standard -J living
is severely Hindered. We r.ave
passed that point. It. is impera
tive that government spending
be reduced and that we have
basic tax rate reform. Onlv in
tf.ls way may we got the sav
ings necessary to reduce interest
rates and finance any desired
growth of the nation.
6 Labor. A few months ago
the Congress passed a labor law.
It was a good measure—much
bet'or than had been antici
pated. But even so the law
does not touch the basic labor
problem facing the nation. This
pro ..’em is the monopoly power
of i ibor leaders :n our basic in
dustries. It was the exercise of
this lnonopc’y power which shuF
down steel.
In time all of these problems
must be, and will be. solved.
How soon this is accomplished
may determine the length and
magnitude of the present re
covery.
PSP
i ‘:11c who opposes me with
\ open argument docs both me
] and my country a service.
I Hr that whispers against me
j is damaging both his charac
! ter and his country
The services perform our
j staff are spoken of in words
of commendation. Our organi
ation is known for its skilful
and honorable conduct.
THE CHOWAN HERALD. EDENTON, WORTH CAROLINA. THURSDAY. JANUARY 7. 1960.
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Nf* t||j
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■ * i. 3*
The wedding v* Miss Sheldon
Jean Long, daughter of Mrs.
Shelton MeMulien'Long of Hert
ford, and the late Mr. Long, to
Charlie Thomas Whi'V.- . au.i of
Mr. and Mrs. ivyland Washington
Whitley of Murfreesboro, took
place *~;l Decor..her 'll] at Bethel 1
Ba’'v.sl Church.
a he Rev. Bryan .Holloman, pas
tor of the bride, and the Rev. j
Phi: lip Quidley, former pastor of j
the bride, now of Atlantic, N. C„;
officiated with tl.- double ring;
ceremony.
Miss Mary Lee Lassiter, organ
major at Meredith College, and
Robert Fm; Williamson, voice
major the University of
North Carolina, nresented the
wedding music. Mr. Williamson
—nj —Love —ThOc” —by—Grieg;
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Recent Bride
."Song of T>. A”, and “The Great
j est of Tl ygn j; l.ove”.
I T.,e ceremony took place in a
; setting of baskets of white mums
, and glads centered by an all
white star made cf white mums,
j candles, palms, ferns and mag
! noli a leaves.
The bride, given in marriage
by her broth o *-, Edgar Long,
| wore a gov. : .vnich she designed
! and whic.i was made by a cousin
jof the bride. Mrs. John Nowell
lof Ai-A.frier and the bride’s
| mo'ttr. It was of winter white
Duchess satin and imported
French Chantilly lace. The por
trait neckline was edged with
ehantilly lace and re-embroidcr-;
ed with tiny seed pearls. Thej
full skirt extended into a lace j
cathedral —train. Her —fingertip-
■ , u
l! veil of hand-rolled French il
jjlusion was attached to a pearl,
i lace, and illusion cap. She car
i ried a white prayer book show-
I. ered with royal orchids and
stephanotis. The bride also wore
/cultured pearl earrings, a gift of
the bridegroom.
Miss Lorraine Robins of
Achilles, Virginia, was maid of
honor. Bridesmaids were Miss
Barbara Russell, former room
mate cf the bride, of Hertford |
and R-leigh, and Mrs. Bill Dan-|
sey, cousin of the bridegroom of j
Murfreesboro. They wore iden-|
tical street length dresses of Dior'
blue peau de soie with matching ,
accessories and carried crescent I
shaped bouquets of white chrys-j
anthemums. Each wore pearl l
.arrings a gift of the bride. |
The hridogroom’s broth er, I
James Whitley, USN, was bestj
man Ushers were Richard
Hastings of Jackson and Chapel
Hill, and former ronmrr"(i_- of the
bridegroom; Ruuert Storey of
Durham. William Edwards, Jr.,!
cousin rt the bridegroom, Mur
free-r.'uro, and Dudley Vann, un
cle jt the bridegroom of Frank
lin. \ j.
i
Miss Linda Evans, cousin ofj
the br,ue, was flower girl. Shei
wore a gov.-", identical to t'natj
of tnt unde and carried a basket
of white roses. The ring bearer
was Marter Jimmy Vann, cousin
o. th ; bridegroom,
j Mrs. Long, mqther of th"
j bride, wore a lace and peau '.re j
scie Httrnoon di'tss of wedge- j
wood bln.- vVith harmonizing ac
cessories. rt n flowers were pink'
ro=-o buds Mrs. Whitley, mother,
of the bridegia,,in. uoio an af
te- oi*r. dress of teal nine s : lk!
crepe a lid luce with harmonizing j
j access.-lies. Her flowers were,
Jj also pink rosebuds. Mrs. Laura
Elliott, maternal grandmother of 1
the bride, wore a dress of grey
wool with ’hack accessories and
a corsayu ci white carnations.
Mrs. Fij'fiie Vann, maternal i
grand.nother of the bridegroom,
wuic- a black c-upp dress with
matching access,■>' .as and a cor-1
sage cf white , amotions.
Mrs. Ileii. White ,f Hertford'
was mistress of ceremonies.
'She wore a dres- mau e lace
; and chiffon. Her flcwe* s were
j pink roses. |
! After a southern we .’ri ng trip,
“the —bride —and —bridrgr* cm —whi"
he at home at 425 West Cameron
Avenue, Chattel Hill, and they
will resume their studies at the
University of North Carolina.
Mr. Whitley will be graduated j
in January, With a B.S. in|
mathematics; Mrs. Whitley will.
continue her studies as a voice
major.
Following the ceremony, a re
ception was given at the church
parsonage by the mother of the
bride. Mrs. Elijah White serv
ed tlie wedding cake, assisted by
Mrs. Emmett Long, and Mrs. Ed
gar Long served punch. The
founer is sister of the bride,
the latter two are sisters-in-law
of the bride. Cousins of the
bride assisted.
Preceding the ceremony sev
eral parties were given in honor
of the bride. A shower was]
given on November 27 by Mrs. |
Lloyd Evans, Mrs. Lonnie Proc
tor, Mrs. Beulah Williams. Mr l .
John N.well and Mrs. Robert
Evans. About 75 attended or
brought gifts. A luncheon was
given by the sister of the bride,
Mrs. Elijah White, at her home
in Wirlaii on December 23. A
RESOLUTION OF RESPECT
Vv oou Aimigniy on
November 14, it»s9, saw tit to
can io iiiiiuci me sou, of naM
vc, non Vvnue; ana,
WfiLREAs, fiank Vernon
White had served the County
■ji cnoWuii ana mate of i\o,li
Laronna iaitnfttlly and efneient
,v as e orest Ranger lor a pe
nod "f more tnan twelve years
and haa thereby contributed ma-
to the best interests of
Out County and State ana, Dy his
death, we have been deprived of
the services ot an efficient oub
,.c pipcitJ and valued citizen:
THEREFORE, Pu it resolved
that the Board of Commission-
L-is et Cncwan County at its leg
u,ai meeting neiu on Monuay,
January 4, otticially and
lridiviauaiiy, d-.cs hereby ex
piess to me family of Frank
Vernon Vv.nite their sincere
svmpathy and rtg,c*. in tneir
ouieav cment
nE IT FURTHER RESOLVED
that a cooV cf this Resolution
be spread upon the official min
utes of this board, that a copy,
be forwarded to the widow of
the said Frank Vernon White
and tfr't a r-"ny be turnished
The Chowan Hetald for publica
tion.
BOARD OF
COMMISSIONERS.
CHOWAN COUNTY
B. W. E. Bond,
Chairman
Atiu-H Bertha B. Bunch.
Clerk
silver traj* was presented Miss
Long. A Coke party was given
by Nelly White at her
home near Hertford on Decem
ber 26. A gift of silver was
presented the honoree. A cake
cutting was given by the mother
of the bride on Saturday night,
following the rehearsal. Mem-i
bers of the wedding party and
their guests attended.
i . ;
EARL SMITH ON ESSEX j
Earl W. Smith, chief avia
tion structural mechanic, USN,
son of Mrs. Sally Smith, 223
East Queen Street, Edenton,
aboard the attack aircraft carrier
USS Essex, witnessed the'
95,000th arrested Aircraft land
ing December 16, while the
cairier, accompanying the i.eavy
cruu.cr USS Dos Moines with
Carolina Securities
Corpora/
"ySfV'litMP/tIS to*
Charlotte New York City
ArtLEICTI |
». M. Warren 20# W. Eden St.
. Phone 2tS6 Edenton |
5%
New Car Loans
Peoples Bank and Trust Co.
Consumer Credit Branch
210 South Broad Street
EDENTON, N. C.
Member E. D. I. C.
iP^nv
Long distance telephone service is a
real bargain anytime, but you’ll 1
really be surprised at how much you can save when
you place your long distance calls after 6 P.M. and
on Sundays. ||
These are the hours that service is faster than ever.
So you save time as well as money when you call long
distance after 6 P.M. and on Sunday. _—.
The Norfolk & Carolina
Telephone & Telegraph Co
Sir
jl UmA o, f j /
I (Eimstmas :j
j jlabntgs |Jlmt j
Lx | • <
j tint (pm- t - f y
£ jiip
mw
Jr' /
You can save a lot of ' . *
money on .your shopping next Christmas if you
buy all year at progressive stores and service sta
tions that feature low prices and give extra values
in S&H Green Stamps.
With your filled books of stamps, you can get
.•all kinds of beautiful and useful gifts for your
family and friends at S&H Green Stamp redemp
tion centers. Or if you live more than 20 miles
from an S&H Green Stamp redemption center,
you can redeem your stamps by mail.
So, start saving S&H GREEN STAMPS
now for your 1960 Christmas gifts.
You'll be doljap ahead when you do*
I - . v ~ - WSsFM ■
j _________________________________
1 party to Tu
! nis. i
The Essex’s total- landings to
■ date futls a' little short at the
Navy’s all 7 time record set by
i tiie fid aircraft carrier USS
; Saratogas, The SaraV 97,549
j I aidings were made before 1948
when she..was sunk by the U. S.
!if A-tggnb tests held at Bikini.
After the Essex returns to the
| states early in 1960, she w',ll
;be converted to an anti-sub
marine aircraft carrier.
.naißßaweca—B^i—MM
use^sso)-
HEATING OR
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CALL 2319
Harrell Oil Co.
West Water Street
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