PAGE FOUR
Home-Owned Electrics Serve
16,000,000 Rural People
Continued from Pagv On*
of people served, as, well as loan
repayment record, attests to the
increase of this importam and
jjeaceful revolution of rural
America.
Although 96 percent of rural
Americans now enjov the bene
fits of electric light and power,
scattered across tlie Nation atv
an estimated Imillion people
who still do not have centra*
CONSUMPTION JUMPS
WITH LOWER RATES
Residential use of elect rich v hi'
the TVA region the first of this
year was at the rate of nearlv '
8.000 kwh per year. At the same
time municipal distributers in
the area averaged moiv than
10.000 kwh per year per eon
sumer.
"Industry predictions nix' that
the national average domestic
Here’s the presidential order that made rural electrification
possible:
EXECUTIVE ORDER
No. 7037
ESTABLISHMENT OF TIIK RIRAL ELECTRIFICATION
ADMINISTRATION.
By virtue of and pur.-riant to th« autlar tv \> <t«d in me under the
Emergency Relief Appr. t>r<at . Act «>; ISIS. >‘,nv-nrl April 8. ISA.S
tPublic Resolution No. It, 6 »- - eby_estafinsto. an
tgency within tire Govomnr Nr. ,vn rs the Rural t.leeui
trcation Administration," the r.cad tlwi-cof to be' known as the
Administrator.
I hereby prescribe Uvo full*'. b tiii'U’s -I'ut fUwctil<i>nS v>f t-it* Scud
Itural Elecli ilkation Admass:.,«V tv ext'ivistxl and pv: funned
by the Administrator tiu ;<•'>: . * IvcyoidVr a}>wuiUHl;
To initiate, formulaic* dtimittislrr, and supervise a pr*>-
gram of approved with rcvjßHl iw
transmission, and distribution of rlrxirio energ* rural
areas.
In the performance of such du: :i < r.nd uiincUons* expenditures are
hereby authorized tor. iseci. ssor> v.r-a xspdpment; law books
tnd books of reference, do t<l * > • cr: newspapers and
press clippings; travel' exfu :.>e>. u.; .. -i.i'x the expense of attendance
set meetings \vhen spec ate,! fix antr. : t'd by the Administrator;
rental at the seat of Gov< • nn.i .*v.d olsewUerv purchase, opera
tion and maintenance it;-' > 'v,. vehicles; printing and
binding; and incident a 1 < n. •.><•>; . d I meoy authorize the Ad
ministrator to accept arid • y arid utie.ompensated
services and, with the e. ot the State, such State and local
officers and employees, and .... i-o.n'L -boat regard to the provisions
of the civil service law s, such < ;IVC< : s *;;d employees* as may be
necessary, prescribe their dutit s .'id i 1-. .xisibihties and. without
regard to the Classification Act f 192S* as airciuted- fix then* com
pensation: Provided, That ir. >■ as p; the persons em
ployed under the aulhnritx of. this i:\ccntive Order shall be selected
from those receiving relief.
To the extent non - .. i > >c. >s it the provisions of this Execu
tive Order the Administrato: is . n;.x d !,*■ ac\|u;re. by purchase
or by the power of emimnt d. : ouy a. I properly or any inter
est therein and improve, develop, rant, sell, lease vwith or without
the privilege of purchasing*, or < hvrwt-e dispose of any such
property or interest therein.
For the admimstialive t\pei><> of the Rural Electrification
Administration there i> hereby oi. ..’o v?u \dmuu>uatu»n troni
the appropriation made l*\ ih« i •*'■*> Rebel Appropriation
Act of 1935 the sum of s7:unh* A.,.u ..a, ..,11 be made her emitter
for authorized projects,
Th« VVliite House,
May 11. 1935. f
l lonGßßiumTions
. w on 25 years of progress in the
Rural electrification Program!
Albemarle Electric Membership Corporation
W:i *"TI**SS®PB& ' AS! ]
\ \ fj
I WE INVITE you to see our
i -mm Westinghouse Appliances
[ And a Host of Small Appliances
y v,. • # ... (<v .; ,'v .
Hertford Hardware & Supply, Inc.
station electricity.
ProvKluW electricity to those
still without it. lowering the
<x»si; improving the service, and
heavying-up electrical service to
supply demand that is doubling
every five to seven years (almost
twice as fast as the national
average; ranks high on the agen-,
da of America's Rural Electric
Systems.
use of electricity is not expected
to roach that high level until
1 1972." according to the annual
'report of TVA
Low-rate, high-use policy is
credited for the phenomenal
consumption in the TVA area.
Directors of the Tennessee Val
iev Authority predict an annual
ave age use of 20.1KK) kwh per
consumer in a relatively few
\ ears.
~ THE CHOWAN HERALD, EDENTON, NORTH CAROLINA, 4 mtttSDfoY, MAY 12, 1966.
City Folks Move To Country;
Electricity Sales Go Up
According to the Rural Elec-"
trificaiion Administration, rural
electric systems connected 139,-1
000 consumers during 1959—an|
increase of about 10,000 over the
previous year.
This brought the total con
sumers served by the systems to
. 4.736.000. Better than 96% of all |
U. S. farms are now electrified, j
with America’s Rural Electric;
Systems serving slightly more
than half. Although rural elec
trification often is thought of as
a program for farmers, many
new consumers are City folks
; who have moved their families
out into the country.
Sales in 1959 totaled 25.3 bil
lion kilowatt hours, compared
with 21.9 billion kwh the year
before. REA Administrator Ham
ul attributed the big increase to
| the expansion of rural business
>cs and suburban-developments,
along with stepped up farm con
sumption.
"More and more farmers are
using electricity to handle chores j
automatically,” Hamil raid. !
While consumption was climb-1
ring, the average price per kwh;
to rural electric consumers was ‘
declining. It dropped from an
average of 2.48 cents per kwh j
in 1958 to 2.36 cents in 1959. j
The average monthly residential |
bill increased from $8.23 to|
$8.64. j
The report also discloses that j
total REA electric loans ad- 1
vanced since 1935 amount to
nearly $3.5 billion. The loans
are repaid, with interest, on reg-!
ulac schedules.
The rural electrics made pay
ments to the Government total
ing $145 million during 1959.
This includes principal and in
terest due. plus an additional
$15.2 million in payments made
in advance of due dates.
The balance of advance pay-;
ments which electric borrowers j
have with REA now stands at.
, $154.1 million. Including that;
| amount, they have repaid more i
i than $323 million in principal, i
| and $397 million in interest. j
i MIR Signed! Order I
j Thai Electrified
Rural America
Continued from Page One
ing for electricity. American
farmers rolled up their sleeves
to supply themselves with elec
trical service they could get in
no other way. They organized
into groups, formed corporations
and applied for REA loans to
I build electric lines.
Before the end of 1935, some
ri6 loan applications from us
many states had been approved
by REA, poles were going up, 1
H' - .■■■■ ■
and the Rural Electrification
(.Program was well under way. ,
I About a year later on May 20, |
11936, the Norris-Rayburn Act be- j
came law and established a 10-
year program of rural electrifi- j
cation promotion. The new Act i
established REA as an agency)
lof the government for the lend-;
j ing of funds to "persons, cor
i porations, states, territories, mu-;
nicipalities, utility districts, co-(
operatives, and associations” for
the express purpose of extend
ing electrical service into rural
areas. Now, 25 years later, this
still continues to lx* the basic
purpose of REA.
Despite admonition from some
quarters that farmers should
stick to the plow, the end of
1936 saw approximately 100!
loans- approved. Most of these;
were made to cooperatives own
ed and operated by farmers.
Progress in rural electrifica
tion has been constant since the
i first REA loan was made in
! 1935. In the ensuing 25-year pe- 1
• riod, 1,085 borrowers, including a!
j few power companies, a number \
i so public utility and power dis-i
; tricts, and many cooperatives'
■ have used REA loan funds to
We’re Happy fa Salute
Albemarle Eleelrie Membership
Corporal ion
... for the Round in
vestment you have
made in better living
/\i''a rt for more people. Con
-4 gratulations on the
Silver Jubilee and
ft the important part
1 xVl —& you have played in
the progress of rural
electrification.
Happy Birthday!
t T OUTS WTNSLOW
-V Your Kelvinator Dealer
BELVIDKRi:. X. C.
build electric lines to serve the.
unserved rural areas.
The farmers’ credit record is
the envy of private bankers
everywhere. Interest and prin
cipal payments have been made
on or ahead of schedule. More
than one-billion dollars have
been paid to REA ip principal
and interest on the nearly $3 Vi
billion loans.
Problems Beset
Forecasting Os
Budget For 0. S.
An insight into some of the
difficulties encountered in the
Federal budget-making process,
and the difference between anti
cipation and realization, is pro
vided by the U. S. Bureau of
the Budget covering the fiscal
years in the post-World War II
period.
In only two out of the 13 fis
cal years since 1947 were budget
surpluses actually forecast and
realized. The three other sur
pluses in the period were origi
nally expected to be deficits.
In three additional cases project-1
ed surpluses wound up- “in the
red.”
Even at best the task of fore
casting the Federal budget could
qualify as a “hazardous” occu
pation in view of the size Gov- 1
ernment has attained over thel
past two decades and the scope!
and complexity of its operations.
This is the more true since ini
tial estimates presented to Con
gress require looking more than
a year ahead in a fast-moving
world. However, two powerful
forces of relatively recent ori
gin and intimately interrelated,
have greatly complicated the
budget job in the postwar pe
riod and the attainment of bal
anced budgets.
The Inflation Factor
One of these is the inflation
that the nation has experienced
over the past two decades. The
record shows three distinct
rounds of inflation since the ‘
Anniversary Congratulations
TO YOU AND YOUR MEMBERSHIP
FOR 23 YEARS DEALER
IN FRICIDAIRE APPLIANCES
FRIGIDAIRE AIR-CONDITIONF.RS
FRIGIDAIRE COMMERCIAL REFRIGERATION
RALPIT E. PARRISH, INC.
409-11 S. Broad St. DIAL 2421 Edenton, N. C.
end of World War II on top of
the price rise during the war It
self. As a result, the cost of
living is today more than 60
percent higher than it was when
hostilities ended in 1945.
It is true, of course, that in
flation may increase Federal re
ceipts because of its “shot-in-the
arm” effect on the economy and
the progressive nature of the in
come tax structure. At the same
time, however, it is a spending
booster of the first' magnitude
affecting, all the goods and ser
vices that Government buys, and
U. S. Department of Commerce
figures show the cast of Gov
ernment to be one of the areas
most sensitive to rising prices.
Furthermore, inflation contri
butes to economic instability,
and its impact is discernible in
the three recessions the nation
has suffered in the post-World
War II period and their effect on
Government accounts.
Pr—auras For Mon Spending
The second complicating factor
is the intensity of the spending
pressures on the public purse
which have been characteristic
of the postwar period.
The problem of Government’s
living within its income is of
particular importance today in
view of the prospect of a bal
anced budget for the current fis
cal year and a much larger one
for the fiscal year which be
gins on July L Preservation
of these surpluses is of vital im
portance if the recent modera
tion of inflationary pressures is
to continue; and if is here that
the widest possible public sup
port is essential if the objective
of economic growth without in
flation is to be attained.
Few men survey themselves
with so much severity as not to
admit prejudices in their own
favor. —Samuel Johnson.