Newspapers / The Chowan Herald (Edenton, … / Feb. 11, 1960, edition 1 / Page 10
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PAGE TWO ■enow two | No Comment ; V St JAMm W. DOUTHAT AwUUat Vice PraMwt. Oovcramei Setatleaa Dlvlafek at tke Nattoaal AaMCiatlea cI Haaataetaren HO COMMENT" U ■ report o SSSHssis!" Washington— President Eis enhower’s forecast of a $4.4 billion budget surplus for thi 1960 and 1961 fiscal years in tensified the campaign for en actment by the present session of Congress of tax reform legis lation -intended to encourage a more prosperous economy in the future. This campaign promptly col lided head-on, however, with a vociferous demand by the big spenders for using the prospec tive surplus to finance “do good” programs which they have been advocating for many years. This group eyes a $4.4 bil lion surplus the way a small boy. eyes a jam jar in the pan try. And already spending bills are pending in Congress which if enacted, would quickly eat up this prospective surplus many fold. This being an election year obviously adds to the difficulties confronting the economy forces in combatting the crusade of the spending zealots. Economy advocates were en couraged, however, by Presi dent Eisenhower’s warning, in his State-of-the-Union message: to Congress, against “the de ceptive bait of the ‘easy’ fed eral tax dollar” and his vigor- 1 ous opposition to further infla tionary deficit spending. This was generally interpret ed as a clear indication that Mr. Eisenhower was prepared—as he did last year—to veto any legis lation passed by Congress which he regards as fiscally dangerous. As for tax reform, while President Eisenhower is discour aing action this year, admini stration officials in the past nave said that they would con sider tax reduction as soon as a surplus of $3 billion to $4 was in sight. This viewpoint bolstered the conviction of tax reform ad vocates that the time' has come for action—now that a surplus of $4.2 billion is officially pre dicted for the year beginning next July 1, on top of a S2OO million surplus for the present fiscal year. Industry along with many organizations and individuals— strongly supports enactment of the Herlong-Baker bill which, among other things, provides for lowering personal and corpora tion income taxes to a maximum of 47 percent by a series of five annual reductions. This legislation is based on the widely-shared conviction that tax reform would remove formidable roadblocks to great er economic expansion that is necessary to provide essential jobs and products for the fu ture. This economic expansion, it is contended, would provide more additional tax revenue than would be lost by the suggested reductions—thus imprdving the government’s fiscal position while giving the taxpayers needed relief. Supporters of this legislation warn against political tax schemes such as a proposed in- in exemptions or a flat S2O tax cut across the board. Fortunately, the intensive study of tax problems that has been generated by the move ment toward tax rate reform— initially by the Sadlak-Herlong bill in the 85th Congress and by the similar Herlong-Baker bill in the present Congress— has brought about a substantial change in the attitude of many in Congress toward the whole tax question. The House Ways and Means Committee has just concluuded SEVEN Jgk y/pf ive weeks erf hearings on tax ( eform proposals. The witness- ( is—all specially-invited tax stu-j ents unanimously expressed the view that the tax rates are xhorbitant. The result is that at the pres nt time the push fir relief in he first bracket only (repre ented by the move to increase exemptions) is qow confined al nost entirely to the unions and inion-dominated politicians. Under the Herlong-Baker measure, every income tax pay er would obtain relief through reductions in every bracket of it least 25 percent. TRY A HERALD CLASSIFIED I Minutes Os County! ! Board Os Education The Chowan County Board of Education held its regular meet ing February 1, 1960 at 10:00 A. M. The following members were present: Mrs.' Mary Davis Nixon, chairman. Mrs. F. A, | Ward, Garland Asbell, Sherlon Layton and Marvin Evans. The meeting was called to or der by the chairman, with pray er, after which the secretary read the minutes of the previous meet | ing. The minutes as read were [ adopted by a motion made and duly passed. Motion was made and second ed that the action of the Dis trict Committee, in the election ;of Mrs. Martha S. Stanton, to j replace Miss Janie Haislip, re ! signed, and Miss Grace White hurst, to replace Robert D. I Clark, resigned, was unanimous ly adopted. 1 A motion was made by Mr. j Asbell and seconded by Mr. Ev ans that the summer school for 'make-up subjects at the Per lOuimans County High School be discontinued, in so far as it af fected students from Chowan High School. The motion was unanimously adopted, and the superintendent was requested to inform the principal of this de cision. The student driver training program, proposed bv the su perintendent, met with the ap proval ot the board by a mo tion made and duly passed. The superintendent proposed an 18- aay program in the summer af ter school for those who would like to take the course. After tha first summer, a longer pro gram could be operated in the event such could be justified. The 18-day program will take care of 12 interested students in high school 15*2 and older. Plans will be made for this num ber of students to register with the principal as soon as possible : As soon as the registration is over, plans will be made for the purchase of necessary equip ment, the date of the work tp. begin, and contract with the in structor made. The superintendent announced that the sale of the Rocky Hock School Building was still in pro cess, in that it was being adver tised for the fourth time, and that the next bid would start at $4,260.00. The recent evaluation of all school property was made by the State Division of Insurance, in the amount of $546,000.00 and the renewal policy accepted. The 1959 audit of all school accounts by the A. T. Allen and Company was presented and ac cepted by a motion made and duly passed. The superintendent reported that the four classroom addi tions to the White Oak School would be ready for final inspec tion within the next few days. The reports of the county treasurer and the local school fund treasurer were received and accepted by a motion made and duly passed. Bills paid in January were read by the secretary, and adopt ed by a motion made by Mr. Layton and seconded by Mr. Ev ans, in the amount of $10,393.18 as follows: Sale of discarded school buses. $1,300.00: current expense items. $3,085.71; teacherage. $41.00: vet erans’ program. $8.88: capital outlay items, $12.50; White Oak Special Building Fund. $5,945.09: total, $10,393.18. William Cartwright came be fore the board with a complaint relative to his son, Freddie. Af ter hearing his complaint, and considering the situation present ed, the Board of Education, through the superintendent, ad vised Mr. Cartwright to return his son to school, and with his cooperation, no further trouble would ensue. This statement and advise from the board was 1 adopted by a motion made and duly passed. There being no further busi- I ness, the Board adjourned. W. J. TAYLOR, Secretary. THE CHOWAN HEHAUL EDENTDK NORTH CAtJLIHA. THtTftfiPAY. FEBRUARY 11, 1960. r\ J;.* U. S. Commercial Armour’s Western I LEAN FIRST CUT Wm Ml TBOINE OR sirloin I p A n 1/ CHOPS CTPIDTI \ T L’DrOU orr T7V’T '<M I MKKILY 1 PURE PORK I SLICED PORK LIVER Sausage BACON » W nb lb . 25c ■■>. 35c fgt 1 mm Lamb»3 9 C I tips 1 ” 69c IHENS IMI >j-LB. COUNTRY ROLL STRICTLY FRESH Quaker 2 boxes >IBI Pattie Country gg* 27c W TZ CJ I m CJ T7 C 5c oif—Lord Calvert _ Cj VJ vJ Pure fiQ * j 1/ mm , coffee W c Zt m Kxtra Vanilla OQ Wafers |[ c SMALL SIZE WHITE 1 c£t" «*£““ 2 cans LiNTEBS POTATOES WM [Beans 25cjp eaniltR \ 33J m 1 •Lj SLICED o '-' jp** GIANT 20-OZ. CAN ratiettiffi Peaches TwCccJ c k jr ? J _ 27.25, NO. 1 TALL EATWELL PACIFIC No. 303 Va. Brand I 12 ° Z - B&K BRAND 12-OZ. SWIFT'S LUNCH MEAT Mackeral: 21 c '' a - Tomatoes [Comedy Beef PR E M Candy 6 bars I MM s? on g i ** i can^ 3 c can 45 c Pork &T§eans ■ 46 OZL,BBY _ S qt. bottle easy Monday FLORIDA PINK JUICY 2 cans 29c Limit—l 2 Cans I 1 OttiatO Juice LIQUID 1-Lb. NBC Premium I «H GRAPEFRUIT I can 29c Starch n E aa l ° r _J E 4,Q C Qt ® h^^?fancybasket^ i^h ™™ m,, ™ ,bi,, ™ , 1-LB. HARRELL’S I Tomatoes f 9*- p U k E LA R Dl^ j sf? I m Ml «| fit I sunshtn* Ul J ■■■■riHHr'VHMi IDKim iVIIIKI thic Rl I AV WEEK WnPc I ome Home Operated
The Chowan Herald (Edenton, N.C.)
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Feb. 11, 1960, edition 1
10
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