PAGE EIGHT
‘ —SECTION TWO
Negro Home Demonstration News
By it*B. ONNIF 8. CHARLTON, Out» N«cr* Bum Kc*mallei Afeat
Everyone is invited to the
Awards Program on Communi
ty -Progress, Monday, January
25, at White Oak Consolidated
School at 7:30 P. hi.
FiVe communities will be rec
ognized for their work in the
coiitfgißt. They are: Canaan
Temple, Center Hill, Hudson!
Grove; Triangle and Warren
GrtrveJGreen Hall.
At this program information
on thii, 1960 contest will be ex
plained. We would like to see
men, rWomen and older youth
there xrom all neighborhoods in
the county—bring the children,
too, if you wish. The Communi-;
ty Progress Contest is sponsored
by the Agriculture Workers
Council and financed by the
Peoples Bank & Trust Company
of Edenton.
The County Council cf Home
Demonstration Clubs will meet
January 29, at the Brown-Carver
Library, 10:30 A. M. All offi-l
cers from each home demon-1
stration club are members of
the Council. Please be pres- 1
ent.
The 4-H County Council will
meet January 30. at the Eden-;
tpn High School cafeteria, 1:00 1
P. M. All club officers and 4-H!
Club leaders are asked to be
present.
MM Wk:
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*
■ |lfP ""-jßr
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JOE THOBUD SAYS:
Looking o
for a \\
Common Stock f 0
Mutual Fund?
MUTUAL INCOME
FOUNDATION...
. . . organized in 1933, is a
Mutual Fund which gives
most attention to common
stocks which combine
growth prospects with a
comparatively high divi
dend income. For a Pros
pectus and a new Informa
tion Folder without cost or
obligation, phone, write or
visit:
JOE THORUD
204 Bank of Edenton Bldg.
P. O. Box 504
PHONE 2429
* roprtsanilng
Heritage securities, inc.
home office: Columbus, Ohio
BELK-TYLER’S
Jk Ladies’ Raincoat
& SALE
O ur buyers have just rushed this item to us straight from New
IBM York! Each coat would sell up to 510.99 regularly, but we scooped
! !■ the market with this “red hot” fashion item! Each coat is water
re P e H en 'tl Sizes 8-18! Some with caps and some with hoods; some
are even reversible! They’re real values you can’t afford to miss!
PPB Regular Prices £1 A
E| | Selling lo $10.99 Each
1 BELK-TYLER’S^ent..
» ■« ■- 1 ' tn.
i The Edenton Home Demon
- stration Club had a special
r meeting Friday night to see and
[ discuss “Dress For Occasion.”
Club women acted as models
and explained what should be
, worn on different occasions.
, First to appear to soft strains
( of music were Mrs. Eva Riddick,
( Mrs. Catherine Lewis and Mrs.
Christine Satterfield showing
what the high school girl should
1 wear. In succession Mrs. Alethia
Brinkley, Mrs. Jessie Badhams
and Mrs. Marie Reeves modeled
1 correct dress for “Traveling”:
1 Mrs. Mary Blount and Mrs. Eva
1 C. Cox, “Visiting”: Mrs. Emily
( Brooks, “Shopping”; Mrs. Clara
Simons. Mrs. Elnora Barnes,
1 “'Church”; Mrs. Mable B. Jor
dan and. Miss Gussie Elliott,
“Afternoon Tea” and “At Home”
affair: Mrs. Lindsay Blount,
Mrs. Ella Foxwell and Mrs. Lil- 1
- lie Brown. “Formal and Inform
al Affairs.” A question and an
-1 swer period followed. Here we
1 discussed dress for Home, Club
! Meeting, Gloves and Hats, Veils
! and Jewelry.
i
i Speaker Points Out
i Importance Os Water
i Continued from Page 1. Section 1
municipalities and industries re
turn about 80% of the water di
rectly to streams, while agricul
ture does not return any water
used directly. He also pointed
out that the use of irrigation has
i gone up 5.000% in the last ten 1
years, and the potential supply
of water in streams is limited.
Mr. Long emphasized that in
i' austry and municipalities, are
finding ways to re-use water as I
! much as possible, and must con-1
i tmue to do so. He stated em-!
: phatically that it is squandering
; nature’s resources to use water
once, pollute it beyond redemp
tion and cast it aside. “Water
must be made to do more and
more work for more and more
people by being used over and j
over again,” he stated. With
these remarks as a background.
Mr. Long read the North Caro
lina law as adopted in 1951, with,
amendments thereafter. The j
first public health law’s were en- i
acted in 1893, at which time:
water w’as considered only for |
domestic use. By this time the
state has become equally con- <
cerned with the usese of water
by industry, agriculture and rec
reation. The law set up the
Stream Sanitation Division and
gave it the responsibility of de
| veloping a series of classifications
and standards by which to mea-
I sure pollution based on the uses
jof a body of water. The divi
! sion. after a considerable amount
]of study, established the follow
ing classifications:
| A-l—Sufficient for w’ater sup
, ply without treatment except
chlorination. This type of water
supply is found only in the west
ern part of the state.
A-2—Suitable for public water
supply with usual treatment
methods.
B. —Suitable for outdoor bath
ing.
C. —Suitable for fish and wild
life propogation.
D. —Suitable for agricultural
i and industrial uses.
I E.—Suitable for navigation and
j waste disposal.
1 The same classification is ap
~ plicable to salt water streams.
TIB CHOWAN HPIALP. EDENTON. NORTH CAROLINA, THPMPAT. JANUARY 21. 1960.
—fAXTACfc FOt THi HOKiOWNEK NO. 1— ~~
Buying, Selling Or Improving
Your Home
f This is one of a Series of articles on federal income tax
filing. The articles are based on information provided by the
American institute of Certified Public Accountants and the
North Carolina Association of Certified Public Accountants,
in cooperation with the internal Revenue Service.)
F TODAY’S economy, with constantly rising prices and
land values, it is quite common for the family man to
look upon his home as an investment. Not that he“ enter
tains the idea of selling it necessarily, but at least he knows
that it will probably climb in value, and that he could then
sell it if he wanted to. However, as an investment, the owner
ship of a home differs in many respects from the ownership
of stocks or bonds, and these differences have important
tax implications that you should be aware of.
Changing Your Residence
If you sell your house (which
is your principal residence) at a
profit and move to a new house,
you may not have to pay tax on
the profit. Let’s say you bought
a house five years ago for $15,-
000, which you sold last year for
$20,000. Since you held the house
for more than six months, the
profit of $5,000 is taxable as a
long-term capital gain at a maxi
mum rate of 25 per cent. How
ever. if you move into a new
house either one year before or
one year after the sale, and if
the new house costs $20,000 or
more, then you pay no tax on
the $5,000 profit. If you are
'having the new house built for
i yourself and construction begins
[either one year before or one
year after the sale of the old
{house, then the period of replace
ment is extended to eighteen
months from date of sale, provid
ing you occupy it within that
period.
The important point here is
that the new house must cost as
much or more than the amount
you receive for the old house. If
.it cost only $19,000, you must
jpay the long-term capital gains
I tax on the balance of SI,OOO.
j Tou could actually sell your
i house at a profit and buy a new
one every few years without pay
: ing a tax on the profit, but you
'aren’t really avoiding the tax,
i you are merely postponing it.
The cumulative gain will be
taxed when the last house is
finally sold without being re
placed.
Expenses of Owning a House
i A home owner is usually in a
more advantageous tax position
than a person who rents. This is
because home owners who elect
to itemize their deductions
rather than use the standard 10
per cent deduction are allowed
Next Article: The Home as an Income Producer.
Dr. Long pointed out that a
classification of a stream takes j
about two years. In discussing |
BOATS for SALE
New 1960 25-Ft. Chris-Craft Cavalier
Express Cruiser lB5 V-8 Motor
Used 27-Ft. Chris-Craft Cruiser
130 H.P. Motor
Used 18-Ft. Chris-Craft Runabout
60 H.P. Chris-Craft Motor
Used 18-Ft. Commodore Cruiser
Two 35 H.P. Johnson Motors
On Display At
J. D. McCOTTER, INC.
BUILDING SUPPLIES READY MIXED CONCRETE
SAND CONCRETE BLOCKS CRANE SERVICE
Phone 3298 - Edenton
to deduct interest and property
taxes paid during the year. They
can also deduct the loss on dam
age to their house and grounds
resulting from a fire, storm,
earthquake, or other casualty
(this was discussed in the first
article of the series). Taxpayers
who rent their homes from
others undoubtedly are paying
for these costs by rent, but they
cannot claim any tax deduction.
Home improvements and Repairs
Repairs to your home are con
sidered personal expenses. They
are not deductible, and for tax
purposes, do not increase the cost
of your house. Although repairs
and maintainance costs are not
deductible, they can be used to
reduce the amount which must
be spent on a new house in
order to postpone payment of
tax on the gain. However, this
only applies to such costs if thqy
are incurred within 90 days be
fore contract!#; to sell the house,
or paid within 30 days after.
Improvements to your house
are not deductible either, but
they do increhse the cost of your
house. This is an important
point to remember when plan
ning to sell your house. To de
termine the amount you will
gain from the sale of your house,
add the cost of improvements
you have made to the original
cost of the house and subtract
the total from the selling price.
If you bought it for $15,000,
added $2,000 worth of improve
ments, and sold it for $20,000,
your gain would be $3,000.
When you invest in a home, it
is almost like investing in a
business. To be able to take ad
vantage of the legitimate tax
considerations you are entitled
to, you will need to keep ac
curate records of your various
expenses. So don’t forget to save
your paid bills from year to year.
this procedure he pointed out
that the water is checked above
and below each municipality or
] industry located on a stream
from the headwaters to its term
inal point at the Atlantic (Ocean.
A composite study is made un
der laboratory methods. This
composite is made up of samples
taken from the water at in
itervals determined by the flow
•of the water. The data com
piled by the 1 laboratory is then
published and mailed to every
municipality and industry on'
the river basin, and advertised
in each paper in counties affect
ed in the basin before a hearing
is held. At the hearing every
thing said and done is tape re
corded. At the hearing the
Stream Sanitation Division rec
ommends its classification and
the people have a chance to
have their say. The effort is
toward protecting the stream
for the best use made or
to be made of it. Then the
technical report and proceedings
of public hearings and the final
classification of the river basin
is published. Then a compre
hensive pollution abatement plan
is made. This plan sets out
what each community must do.
Mr. Long gave a progress re
port on these activities. Since
1951 the following streams have
been studied and plans prepared:
Yadkin, White Oak, Chowan, Ro
anoke, French Broad, Cape Fear
and Neuse (67%) of the state’s
area. Field studies have been
made of the Pasquotank, Little
Tennessee, Hiwassee, Catawba
and Tar (22%). Studies are un
der way on the Lumber and
Broad River Basins (9%). The
remaining 2% of the state’s river
basin area is comprised by the
New River and the Watauga
River. All streams should be
studied by 1962.
Mr. Long concluded his pre
pared speech by pointing out
that it is imperative for the
• BRAND NEW GIGANTIC
Special Purchase
COAT SALE
Everyone knows that you get the
biggest coat bargains in the month
of January and Belk-Tyler’s buyers
bought the cream of the crop from
u > .1 , • , , New York’s top makers!
Here s the biggest bar- Mffgjm. •
ga mAT W DmT ear \ a\ t 1 nSfjl Here are coats that would usually'
a COAT RIOT priced at VSfe v/i sell for twice these low prices in*
low, low prices. most ladies’ shops in regular season,
' IS* ’ T but now Belk-Tyler’s brings them to*
jl you these special low prices!
Tweeds, Plaids, and solid colors are
available in the richest of woolen
fabrics! Buy now and save! You
N can’t afford to miss this sale!
All Wooi: ' alues *<» 91 9.99
* a _ M 81
fashion styles llW' _w.
that’ll give A T
you years of ■
good wear! _ _ _
values to $29.99
V I*' 4dfl| 1
.JMdB.OO
COAT sale... Rplk . TL*l Ar ’
SECOND FLOOR! OClik
BBv* /-\ jp i ,¥-v i~^xTmA\t
>¥:-' ■ .!■■*■ ■ iijiJiaX I*l IN —....
- . .-Jk • .»•.--
public so be educated about
stream pollution and the cost and
necessity for correcting stream
' pollution. He cited the tremen
! dous cost to the state and na
tion of polluted and inefficient
streams.
After his speech Mr. Long
was besieged with questions
concerning sewage treatment as
it pertains to Edenton. In his
answers to questions, he stated
that the Chowan River and tri
butaries around Edenton had a ,
classification of “C,” which
means fish and wild life propo
gation. He pointed out the al-!
M&JSWts
/ 1 STRAIGHT
BOURBON
WHIS K E Y
I JliSSp? f s^2s
II Ml
II ifcQKft
II fjj «P-I3U 88
1 PROOF
% 'fgfjgj JAMES w A LSH & CO.
I I mm K / KENTUCKT
ternatives if the bond' election is
defeated by the voters, which
were that the state would issue
an order, appealable to che
courts, and that thereafter if the
order held,. the financing’ cost
would be higher. He stated that
federal aid is available, but in
adequate ana very low. He told
the group tne steps that were
necessary in order to secure a*
high place on the waiting list
.for federal aid. The speaker
graciously remained at the po- 1
dium as long as there were
questions.
rfHBP* Bnunri
Taylor Theatre]
EDENTON. N. C. «
a
■ a
Thursday and Friday.
January 21-22
Brigitte Bardot in a
“NIGHT OF LOVE” \
ADULT ENTERTAINMENT *
■
Saturday, January 23
DOUBLE FEATURE i
Audie Murphy in
“CAST A LONG SHADOW" <
—a Iso-
Barry Sullivan in
“DRAGON WELLS
MASSACRE"
CincmaScopc and Color
0 ;
Sunday and Monday.
January 24-25
A NEW COMEDY TEAM
Timmy Noonan and
Pete Marshall in \
"THE ROOKIE" *
. J
Tuesday and Wednesday,
January 26-27
Diana Dors and
Herbert Lom in
"ROOM 43"
ADULT ENTERTAINMENT t
Coming: January 28-29-30
Pat Boone in
"JOURNEY TO THE
CENTER OF THE EARTH"
Cinemascope and Color