PAGE SIX
[—SECTION ONE
The National Outlook
Policies For Economic Growth
By Ralph Robbv
It is not possible to say that l
any one thing is most important
for economic growth. There
must be capital investment, pro
ductive labor, good management
and prices which enable goods
and services to be sold without
trouble.
But those are end results. To
have capital investment there
must be adequate saving and 1
the incentive to invest. To have ,
prodective labor there must be!
freedom from featherbedding |
and artificially imposed re- (
straints on output. To have j
good management there must be !
skilled and imaginative manag-,
eis. To have attractive prices I
there must be competition and
the lowest possible cost of pro
duction.
All of these requisites are af
fected by governmental policy, |
and in some instances they are |
actually controlled by govern- 1
ment. Saving and capital in- j
vestment are an excellent ex
ample of the influence of gov
ernment policy.
Savings Don't Meet Needs
In terms of dollars, we have
an enormous volume of saving
each year in this nation. But
it still is not enough to meet
current needs. This is proved
by the level of interest rates.
If we had more saving the rates
of interest would decline, be-,
cause the supply of funds would 1
be more nearly equal to tne
volume of demand.
How can we get more sav
ing?
One way which is frequently'
mentioned is for the federal gov
ernment to run a surplus and
pay off part of its debt. Ac-!
tually. while it is desirable to
have some debt reduction, this
might or might not result in
greater saving. Whether it did
would depend upon what par
ticular part of the debt was paid
and to whom. If the debt paid
off was that held by the Fed
eral Reserve banks, there would
be no possibility of increasing
saving. This is because the
Federal Reserve banks neither
“save” nor make capital loans.
If the paid-off debt is he’d by
commercial banks the result
will be to give these institu
tions more lending power.
Whether the loans made will be
for capital purposes or merely
the customary short-term com
mercial loan will depend upon
the institution. If the paid-off
debt is held by an individual
or by a savings bank, insur
ance company, or some other
institutional investor, there can
be no increase in saving. The
most that can huppen in this
instance is mat the individual
or institution which receives
the lunds in payment merely
turns around and rc-invests in
some other obligation.
Another way frequently men
tioned to get larger saving is to
reduce taxes. Again the actual
results will vary according to
the- place where taxes are re
duced. If the reduction is all in
the lowest bracket of the per
sonal income tax, there probab
ly would be some increase of
saving, but most of the reduc
tion would go to increased
spending. At the opposite ex
treme, if the tax reduction was
in the upper ncome bracket—
which now pays 91 per cent—a
much larger proportion would be
saved.
| you sit down i you play real music I
I j the very first instant
MAGNUsSr
Mafnus k created for the 9 out of eiuy 10 folk* who
love music, but can’t reed a note of it. Simply match
number* in the aoag books to the munberod keyboard.
Out cameo real iwu>>c. with rich, meoaant chard
accompaniment, Hundreds of eeuge to play, bom
r*tT~'~T* to jaat aoafe you play your mry fir* try!
?ZZ £££££
SfIFITSMMCFWTIMKE $10095
MSB TMR MBT USTBI Tl HI
i Income Tax Rat* Reform
This does not mean that tax
reduction should be made only
in the upper bracket, or upper
brackets. We need income tax
rate reiorm from one end of the
scale to the other. We need
j such reform not only because
' the rates presently are too
high, but as well because this
tis oy all odds the best way to
| get increased saving, to help the
i incentive for work and invest
; ment. and to reduce interest
• rates.
j Such income lax rate reform
j would be more effective in
.stepping up the economic
(growth of the nation than any
‘ thing else could be.
Women Withdraw
I Green Improvement
I Continued from Page 1. Section 1
| time that they had received far
' more written letters and cards
approving the plan than oppos
' ing, plus the fact that over
i three-fourths of the people in
the Court House the morning of
the meeting were in favor of
the plan and that the organiza
tions in the community approv
ing the plan far outnumbered
those opposing. They felt that,
in effect, they had the same as
a straw vote, in that the Com
missioners were unable to make
their own decision.
The representatives of the
•club staled that through the
I years their projects had been
countywide, ' with their play
) gTound. community house, con
i' tribulions toward recreation and
I education and citizenship, and
certainly ihe Pilgrimages of Co-
J lonial Edenton and Countryside
; had been of great benefit to the;
entire eounly. They said that
this present project was intend
ed to be another step forward in
community service.
The Woman’s Club, the ladies
said, did not intend to put a
price tag on historical resources. ;
but pointed out that since this
is the county’s most natural re
source, that the economic value
could not be overlooked.
I They again informed the Com
missioners. that they were au
thorized by the Woman’s Club to
?tav that if given permission to
go ahead with the plan, the club
would underwrite the complete
cost of the whole project and
would welcome the chal'enge.
In conclusion. Mrs. Chesson
staled that “after all the untir
ing efforts of the last eleven
months on this project, we are
not giving uo unless forced to.
but you. the Commissioners,
have in effect, tied our hands".
. The County Commissioners, by
a 3-1 vote at tha March meet
ing, held Monday of last week,
decided to place the issue be
fore the voters of the county
and called for a special election,
j together with the Democratic
j primary on Mav 28. After
| hearing Mi's Wesley Chesson
j and Mrs. W. J. P. Earnhardt
1 Monday morning of this week
| the Commissioners voted unani
mously to rescind their action
jcailing for the special election.
The Commissioners on Mon
, day were convened as a board
’of equalization and review to
1 hear complaints regarding prop
-1 erty valuations.
TRY A HERALD CLASSIFIED
_
THE CHOWAN HERALD. EDENTON. NORTH CAROLINA. THURSDAY. MARCH It. DM.
H
" Jim A I “
FIRES FIRST SHOT —Indian Prime Minister Jawaharlal Nehru, usually more at hone
with a dove of peace, sights down the barrel of an Army rifle in New Delhi. He fired the first
shot opening the national rifle championships.
I AROUND THE FARMS 1 ,
fgHIN CHOWAN COUNTY
j By C. W. OVERMAN. Chowan Ountv Agent j
A sweet potato seed selection, 1
seed treatment and bedding;
i
demonstration will be held at
Raleigh Psele’s home in Rocky j
Hock community on Wednesday
afternoon of next week. March
23, at 1:30 o'clock. Sweet po
tato growers are invi.ed and
urged to attend this demonstra
tion. This demonstration is a
follow-up of the sweet potato,
growers’ meeting held at Ad- ]
vance community on February
35. J. D. Peele is one of two
growers who volunteered to con- j
duct an all-practice sweet pota- j
to production demonstration this
year. This is the first of the I
* |
field meetings to be held in con
nection with this demonstration. '
Henry M. Covington, Exten-!
sion vegetable specialist, will be
present to demonstrate the prop
er selection of seed, seed treat
ment to control diseases adher
ent to the seed and proper bed-
. AN NO U NCING _
♦
Bridge - Turn S ery i ce Station
Friday, March 18th Thru April 30th
16 Prizes To Be Given Away
YOU MAY REGISTER FOR ANY PRIZE BY PURCHASING 5 GALLONS OF
GAS OR MORE . . . REGISTER AS OFTEN AS YOU LIKE!
Drawing To Be Held April 30th - 7:00 P. M.
(YOU DO NOT HAVE TO BE PRESENT TO WIN)
Ist - PRIZE CLOCK RADIO
NEXT 5 PRIZES-FIBER BOARD FRONTIER CABINS
55 inches High - 36 inches Long - 24 inches Wide
Ideal for Boy or Girl from 1 to 12 Years
NEXT 10 PRIZES - DOLL HOUSES
16 inches High - 21 inches Wide - 9 inches Deep
Ideal for the Girls
ALL ITEMS WILL BE ON DISPLAY MARCH 18
James Dail, Prop (ego) Phone 9710;
. ' 1
.• - .....
' ding of seed potatoes,
j A county-wide cotton growers’
' meeting is scheduled to. re held ,
lat the Chowan -Community:
- Building on Thursday night of
next week. March 24, at 7:30
1 o’clock. All i-ottoTf" growers. I
I ginners. dealers in seed, fer- i
tilizer. pesticides, farm machin
ery and anyone else interested;
is cordially invited.
] Observance of National 4-H <'
Club Week in Chowan County
last week wa- a thrill to me and .
j I hope that it was to you. Adult;
; 4-H leaders and our two fine |
assistant agents. Miss Catherine |
I Araan and Harry Venters, did an |
■excellent job working with the! 1
! 4-H’ers. The 4-H Club mem- j 1
1 bers in general responded well i 1
and performed very nicely.
The County 4 11 Development 1
Fund Drive got under way last 1
1 week and we trust that it is :
making very good progress. 1 :
feel sure that Chowan County
i will reach its goal of between
I $l,lOO and $1,200 toward the one
• million dollar goal set up for the
state of Noith Carolina.
Window displays and other
4-H activities throughout last
week were channeled in observ
ance of National 4-H Week. It
is the encouragement and co
operation by parents and others
which make a program succeed
for improving our youth and
building • better citizens of to
-morrow.
1 The Chowan County Farm
; Improvement Plan sponsored by
tha Agricultural Committee of
the Edenton Chamber of Com
merce sets two goals for 1960.
The first goal is directed toward
higher yields and quality in
i peanuts. The second goal in
volves greater profits in hog
production. The Chamber of
Commerce has prepared a print
ed folder of steps toward these
goals.
I hope that every fanner in
Chowan County will get one of
these little foldeis. read it care
fully and pay attention tq the
recommendations throughout the
Chowan Receives
$13,614.24 In Way i
Os Beer Excise Taxj
According to a report of the
North Carolina Malt Beverage
Control Institute, cities and
counties in North Carolina re
ceived a total of $2,669,561 from
state beer excise tax for 12
months ending September 30.
This amount went to 50 coun
ties and 190 municipalities by
the North Carolina Department
of Revenue.
Chowan’s share in the rev
enue allocated to the counties
amounted to $13,614.24.
t
Mrs. W. D. Holmes
Endorsed By PAR
Continued from Page 1. Section 1
pacity.
• Mrs. Holmes has been a mem
ber of . the Edenton Tea Party
Chapter, DAR, for eleven years.
For ten years- she has held of
fice in the local chapter and in
the State Society. She is a past
president and treasurer of the
Edenton Chapter and served for
three years as a Vice Regent in
the Stale Society before be
coming State Regent in 1958.
In 1959 Mrs. Holmes was ap
pointed by the Governor of
N. C., to serve for a Deriod of
two years on the Carolina Char
ter Tercentenary Commission.
I She is a member of the Nat'onal
Officers’ Cluh and serves as a
member of the board of trustees
at Crossnore School, Inc.
This year is the second year
of a third year term as State
Regent for Mrs. Holmes. Her
official capacity has taken her
to every county in the state, and
n 1959 she traveled over ninei
thousand miles and attended 1
five National Board meet'ngs in j
Washington. During her term
four new chapters have been or-;
ganized. making a total of 89
chapters in the state.
year. We are confident that j
those who do follow through on
these practices will increase
heir farm income. We, your ag
'icultural workers, are anxious
to assist you in any way pos
sible. so feel free to call on us.
Ford Cavalcade Will
i Be Held In Richmond
Invitations to attend a spec
tacular kind of exhibit of farm
and industrial equipment are be
ing extended to residents of this
area by Scott Harrell of the
Edenton Tractor & Implement
'Company. This exhibit will be
tied at Richmond Thursday,
March 24. and free tickets may
be secured by calling at Mr.
Harrell's office.
Combining entertaii-sent, .edu
cation and engineering in a man
ner never before brought to a
j rural audience, and called the
J “1960 Ford Tractor and Equip
ment Calvalcade,” the exhibit
will feature an original one hour
1 and a half live musical show
; with Broadway actors and act
fr»m your own
PLANT FRESH
KEYSTONE
GARDEN SEEDS '
Golden yellow corn . . rich red Keystone
beets .. . plump |utcy tomatoes .. . iYI crriw 1
and other popular vegetables. Grow wIMBr MBNvff
them for your own dinner table from
high quality KEYSTONE garden seeds. SEEDS
Now in our seed department. • since
E. L. PEARCE, Seedsman *— ’* 4 i
PHONE 3839 EDENTON
Classified Ads
HUNDREDS OF DENTISTS rec
ommend OLAG Tooth Paste.
_ Buy at the drug store.
WE INSTALL AND FINANCE
aluminum triple track storm
windows. Only $15.95 per
window complete. Colonial
Furniture Company, Edenton.
Phone 2219.
Mar17,24,31,Apr7c
HELP WANTED MALE OR
female in Edenton. No strikes
or lay-offs. A better than
average income the year
around. Full or part time,
men or women. Insevtigate
Watkins Products, Inc., today.
Write 5071, Dept. S-3, Rich
mond, Va. MarlO, 17,24 pd
SELECTION OF USED SOFAS
. . . your choice $9.95. Two
and 3-piece sofa suites $14.95
and $19.95. Terms arranged.
Colonial Furniture Company.
Mch17,24,31c
FOR RENT—THREE-BEDROOM
house, 810 Johnston Street.
Bath, living room, kitchen
with electric hot water and
gas range. Oil floor furnace.
Will rent by week or month.
Phone Monday through Friday
9 to 5. Edenton 2101, Miss
Snell. Mch 17,24 c
FOR RENT OR SALE TWO
and three bedroom houses
Elecyfc stove, refrigerator, hot
water heater. On school bu?
route. Terms can be arrang
ed. 1,. E. Francis, Route 3
Edenton. Phone 3472.
GOOD HOME FOR SMALL
family. Westover Heights.
Very low cost. Fontaine Bout
well. Phone 3561. tfc
FOR RENT TWO-BEDROOM
house at 116 Morris Circle.
Nice, large yard. Phone Mr.
Bunch, telephone 3410.
Mar3,10,17,24c
APARTMENT FOR RENT 3
bedrooms, downstairs. See C
W. Swanner, 217 East Queer
Street. Phone 2544.
Dec2Btfc
FOR QUICK AND EXPERT
service on your radio and
phonograph, call the Griffir
Musicenter, phone 2528. Wc
carry a complete line of
phono needles.
Industrial
Equipment
Wheel Typsand Crswlsr
Tractor*
With
Loader*. Laadscapiao Rake*
[ x *
I naltMi nlr
f : 1
I WBHUMV tow *a I
resses. A “horizon-wide” motion,
picture screen with “living
sound” will also be used during
the performance for added „!lra-'
matic impact.
It is not every calamity ' that ,
is a curse, and early adversity
is often a blessing.
—James Sharp,
jit r ry-jiiT kiwsi^
right time
t* help fight 1 l
crippling 1 #
through *
EASTEft SEALS
HOUSE AND LOT FOR SALE
-708 Johnston Street. Contact
Mrs. Pearl Hughes, 314 West
Queen Street. Marttfc
FOR SALE
Waste King electric dishwash
er. Used very little. Good
as new. Price S2OO. Apply
Mrs. J. Edwin Bufflap. Phone
2438 or 2221. 1
FOR SALE —FRIGID AIRE
refrigerator and gas range, in
good condition. Reasonable.
See Mrs. E. E. Harrell at M 8
Virginia Road or Dial 2580.
Mart, lQ,‘l7c
Custom Built Homes
Built on your own lot, for only
SI.OO down. $1,695.00 up. Im
mediate financing; small month
ly payments. Health, accident
and life insurance coverage.
Star Homes, Inc., P. E. Cayton,
Representative, 500 Office S.t-
Phone 3388, Edenton. ;tfc
WATCH REPAIRING JEWEL
ry repairing and engraving
Prompt service. Ross
Phone 3525. tie
-TCTURE FRAMING—FOR IS*
best in custom * jture framing
see Jonn R. Lewis at the Eden
ton furniture Company. Cqo*
plete line of moulding to choeee
from W
-■ .. . ■ *'9
GROW YOUR OWN Fruit and
Nuts. Write for Free Copy
illustrated Spring price m
offering large assortment »nf
Fruit Trees, Berry Plante,
Grape Vines, Nut Trees, Land
scape plant material—inchgl
ing Roses. Salespeople want
ed. WAYNESBORO NURSgg
lES, Dept. Nil, Waynesbera,
Va. Mart, 10,1738 c
FOR RENT OR SALE—2-BmT
room house in Albemsjje
Court. Stove and refrigerator
furnished* also floor furnaEfe.
Phone 3122.
SALESMEN WANTED—Be yStor
own boss. Earn more
Rawleigh Products—everybody
knows and likes them. Vjjgjk
part time at start, see *far
yourself. Vacancy in
County. Write Rawleirftfs,
Dept. NCC-210-16, Richmond.
Va. Mar3,10,17,2*Mp
BULLDOZER WORK LAND
clearing and dirt pushing.
Phone, 2956, Clarence Lupfdn.
tfc 2s
FOR SALE H*
9 Cabbage Plants
9 Lettuce Plants
• ‘9 Onion Sets
9 .Seed Potatoes
9 Complete Line of
Vegetable Seeds 3“
K. L. PEARCE, Seedmu&
Phone 3*39 - Edenton £
tfc , ? *2
1 tfh
I iEJUipaUat AUTOMATIC SI
I Asanas and dbykbs
UUill
[I gtmt, Mcaeli mad rmoiOAtlwl
tj tlWlllllJ. '4'•_ /v ii