Rising Wealth Os Economte Bata
Big Factor In Progress Os Nation
Ona'of the significant develop
ments in tiie story of American
achievement in recent years has
been-ti»e growing wealth of. our
statistical and economic informa
tional - resources, and their con
tribution to public enlightenment
as to what mikes our complex
society tick and promotes pro
gress. ,
This expansion -in our store of
knowledge has come about from
the initiative and \ activities of
the private sector' oi the econo
my as well, as from government.
The life insurance business for
one has long played \a role in
this respect, in championing the
cause of a stable doilaf and
growth without inflation' bf giv
ing -the public the economic facts
in the case, and in sponsoring
economic research projeats to
fhelp broaden the people’s under
standing of some of the tyasic
issues confronting the nation!.
Importance vs. Size \,
In terms of manpower employ
ed and money spent, public and
private combined, statistical arki
economic fact-gathering repret
sents but a tiny element in are
economy the size of ours. None
theless, the results are of the
first magnitude for the people
and the nation at large. Par
ticular evidence of this is the
extent of public awareness of the
continuing inflation problem and
its longer-run threat. It is in
creasingly clear, too, that our
growing body of information on
economic trends and develop
ments, and the forces that shape
them, is becoming a major influ
ence in blueprinting the path to
be followed if we are to achieve
sound and sustainable progress in
years to come,
j By law, Government is charg
ed with the responsibility of
gathering certain bsaic statistics
with respect to population, eco
nomic activity, national and per
sonal income, etc. An outstand
ing example of this is now be
ing provided by the Eighteenth
Decennial Census. But much of
the data Government collects is
based on the cooperatio not busi
ness and industry in supplying
information respecting its own i
operations Furthermore, a large!
and expanding part of the na
tion’s statistical and economic re
sources has coiie about from the
independent and voluntary action
of non-government sources such
as individual companies, univer
sities, non-profit organizations,
and associations representing en
tire industries.
Savings and Capital Studies
Economic research projects fi
nanced by the life insurance bus
iness, and conducted independ
-1 ently by universities and pri
vate research bureaus, have been
making important contributions
in this respect. One major re
sult of this is the three-yolume
‘‘A Study of Saving in the IJnit
*l-
ymond W. Goldsmith. Another
significant work, to be published
this year, is ‘'Capital in the
American Economy: Its Forma
tion and Financing,” by Pro
fessor Simon Kuznets, in which
the author will explore pros
pects and problems of the next
15 years.
The life insurance business has
financed a number of other pro
jects in the broad fields' of' sav
ings and capital formation, post
war capital markets, housing and
residential mortgage financing,
and other areas, all designed to
shed light on growth factors in
the economy and providing in
formational tools needed to cope
with the challenge of the com
ing years.
” Sou* Major Contributors
Additional contributions of this
type are being made 'by organi
zations such as the National Bu
reau of Economic Research,
Brookings Institution, and . the
Committee For Economic Devel
opment, plus the research centers
of major universities. Besides
the regular Government agen
cies, the Federal Reserve Board,
Joint Congressional Economic
Committee, and the Council of
Economic Advisers have done
outstanding work in the field.
It is interesting to note, too,
that a parallel growth has been
taking place in expanding in
ternational statistical and eco
nomic information by such or-.
ganizatinns as United Natrons/
and International Monetidjf Fund. I
Oddly enough, the fact-gather-.
ers seem to have doife ftu?l*ss'
about the statistics of their own
tftoupntkm and activities than
[ they have in so many other
1 fields; but the U. S. Bureau of
the Bwdget has some overall data
for the Government area. These
figures show a total of only
about S4O milttons a year being
varying amounts from year to
year; but even so the annual
outlay on Government economic
and statistical programs adds up
to far less than the more than
|poo millions it is now taking
to run the Federal establish
ment in just a single day.
Health For All ]
v...... ..J..—......
Time To Take It Easy
If there’s one thing downright
annoying it’s to feel like the
dickens and have somebody tell,
you how weU you look. But
this is just one of 'the things
that the tuberculosis patient his
to put up with right after he re
turns from the hospital.
TB patients are sent home
these days when they are no
longer infectious and a danger to
others, but they are by no
means completely well. They
are still taking drugs for a time,
they still cannot work full time
immediately, and they must still
get a great deal of rest.
t On the other hand, ‘there’s no
need to make a TB patient who
&as just come home feel that
h* is going to be wrapped in
cation wool for. the rest of his
lift*. He can enjoy quiet games,
walks, and other forms of mild
exer.cise (provided the doctor
hasn't forbidden them for spe
cial reasons). He can even go
back work, in many cases.
Os course, you’re not going to
challenge him to a race the first
day h<“t’s back or urge him to
join art all-night poker party
once a \ week. Short of that,
however,! let the patient himself
decide w.bat his limitations are.
Just h«w much he can and
cannot do* has been explained
to him bjrt the hospital and by
his own doctor. Whatever the
restrictions tare, he is ready to
put up with! them. Help him to
keep within those restrictions by
not tempting! him beyond his
strength. But help him have a
good time, too!
Today a patient being
j treated at home can live. He
can have fun. \ He can plan to
go back to work. And being
home with family and loved ones
is one of the great boons of
modem medicine that other gen
erations attacked by the tragedy
of tuberculosis could not 'have.
You can help by making the
patient’s quiet life as pleasant
and comfortable and active as
possible!
• - - - - -
40 JAILED IN SEPTEMBER
Jailer Bertram Byrum reports
that during September 40 per
sons were placed in the Chowan
County Jail, with confinements
ranging from one to 22 days.
amounted to,. $366.78
which included jail and turnkey
fees and 58 cents for soap.
CONStDIK
WHY PRAY = “ ||
out of a book? Hi
_ _>
ftt tb« Mm* rtajon w* sing oat of a book. Wo
pray oat of tht sum book so that wo can all ptaV.
OOgtdtar—io aaiso& Mot many outside the Epis*
cOpal Church rcalizo that die "Book of Common
Pnytt” is tbs d« that buds this great body of Chris-1
tUas together.
To no Episcopalians, it )s thrilling to know dial 1 ,
whan wo follow our Prayer Bode in our churches
hart in the United States, there art 49 millions
throughout the wodd using the same service bat in
Adk own language, to wosdiip the living God,
Our “Prayer Book” k the guide book for the'
| -otderly Episcopal service, in which the members of,
dm congregation take on active pact. v
Wa believe ft to be tcua that the Book of Common
BssfOi) MKt only tnihe King James' version of the
Bible, baa been dm moot influential book over printed
in BngUriL When you visit the Episcopal Church
near yew, you’ll fiod-o copy of die Bode of Common
Prayer in die pew ready for your use. A fellow*
THE LAYMEN Os ST. PAUL’S EPISCOPAL CHURCH
~~ THE CHOWAN HERALD, EDENTON. NORTH CAROLINA. THURSDAY. OCTOBER I. 1980.
Sleek Impala One of 20 New Chevrolets
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Bm-rf t aft Jf Wbcy&x' 14* 1 fMm
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Designers have applied smooth, graceful lines
to the ’6l Chevrolet Impala, Bel Air and Biscayne
passenger car lines. Wings on the rear deck have
been smoothed into the body. Roof lines, as noted
in the Impala Sport Sedan (above) are freshly
contoured and are separately styled for each
evens
aiuis
Bj TW ******
Sand can be treacherous.
Anyone who has ever had his
oar stuck in sand will vouch for
the fact that it is just about as
slippery as grease. Yet, when
sand is anchored down with glue
or some other binder, it is one
of the least slippery things
known to man.
People who spend a great deal
of time around water can ap- 1
predate a surface that is skid
proof, says Tom Dolan, feature
writer for Sports Afield Maga
zine. Docks and stairways lead
ing down to docks can be espe
cially treacherous. They seem to
get smoother with the years,
and when wet are often too
slick for safety. A good coat
of floor paint that has been
dusted with sand while it is wet
will remedy this condition. Be
sure though that the paint is
still wet when the sand is put
on, otherwise, it will not bind!
Boat decks often become slip
pery. Sand can be used to skid
proof a deck, but I wouldn’t ad
vise it unless the boat is a very
old one and you don’t care
about its appearance. There are
many fine skidproof deck paints
on the market that are much
superior to sand and will give
a more beautifuul appearance.
Many summer cottages and
fishing camps have shower
rooms with concrete floors. If
this concrete has been troweled
to a very smooth surface, you
will have an accident factory!
A good grade of waterproof floor
enamel and sand dusted into the
surface (again before the paint
has dried) will make it safe, even
when soapy!
A rather common problem
among anglers is having their
tackle slide *U,;over the smooth
deck of a boat when t£ie weather
gets a little rough. Sand can
model Overall body design features gently slop
ing lines. Rear trunk deck lid now opens flush
with top of bumper affording easier loading and
unloading. Fuel tank has been repositioned for
greater safety. The Impala Sport Sedan is one of
20 body styles in the standard Chevrolet line.
also take care of this problem.]
Remove the old paint from the
bottom of the box and give it
a generous coating of rubber
based adhesive. While the ad
hesive is still wet, set the box
in dry sand. The result will be
a tough nonskid surface for the
bottom of your tackle box.
Almost all fishes can spike you,
and all of them are slippery
and hard to handle when they
are wet. You can solve this
problem quite easily. Take an
old pair of loose-fitting leather
gloves, paint the palms and low
er surfaces of the thumbs and
fingers with the rubber-based
adhesive. While they are still
wet, pour on dry sand. When
the gloves dry, you will have a
pair of nonskid, punctureproof
gloves that could be slipped on
or off in a second.
Where water or moisture is
found, it is best to use a good
grade of waterproof paint as a
binder for the sand. If moisture
is no problem, any good grade
of glue will work. However, if
what’s to be skidproofed is made
of metal, cloth, leather or any
other pliable surface, a good
grade of rubber-based adhesive
does the best job.
' I
FORMER EDENTON HORNETS
PLAY AN EXHIBITION GAME
Former football players for the
Edenton colored high school
will play a game on Hicks Field
Friday night, October 7. at 7:30
o’clock.
This exhibition game will pre
cede the game between the
Edenton Hornets and Williams
ton Tigers and should provide
an interesting feature of the
night’s entertainment.
fTHE BETTY SHOPPE
versatile wool* flannel dresses In gay, going-places colors
Young American wardrobes begin with
fashions such as these... slim | J ft f \ j J l\
ft and full-skirted silhouettes in a bevy \ ft \
IfL ” of beautiful colors... designed VWVIWJ
W for day-time, date-time, play time. C? 11 A C
teatskt sliaws. sto 15. * jR/ n—oar mStr tanas a Data ban stosOi am a A 4sw. boa-ptoatod skirt Uncluttered simplicity in a
/ criss-cross ia back; a bu.Wul bate*, asettna; adds ckana to «n jaaral stmrt-staava sheath with a
tapVyi: ' v f start Ml tl ataspat-soft baciiac audnfl oft a aacUuw dross; a jtaar-da-Ka turnover collar; a twinkling
ptoais. sto 15. flatatiwu haw. 3to U. pin at IN want 3 to 13. jawatad pin. 5 to 15.
Colored Students To j
Take Important Test
Ninth and tenth grade
at Edenton Colored High School
will get an objective insight in
to their scholastic development
by participating in the National
Educational Development Tests,’
according to D. F. Walker, prin
cipal. The tests will be given
at 9 A. M., March 7, 1961 —at
the same time the National Mer
it Scholarship Qualifying Test
will be written by juniors. i
Last year over 300,000 stu-j
dents in 2.461 schools through
out the nation took the tests.
Prepared and administered by
Science Research Associates in
Chicago, the annual three-hour
NEDT examination provides
scores in English, social studies,"
mathematics, natural sciences,
and word usage. The NEDT'
fee is $1 for each student, pay
able now.
“This evaluation of educational'
strengths and weaknesses,” says
D. F. Walker, “helps students]
plan their high school and col-l
lege courses and make careerl
decisions. The tests also enable]
teachers to spot talented stu-'
dents, so that they may receive
realistic guidance and motiva
tion early in their educational
career.”
FIREMEN MEET TONIGHT
Members of the Edenton Fire
Department will hold their
monthly dinner meeting tonight!
(Thursday) at 7 o’clock. The!
dinner will be served in the fire
station and Chief W. J. Yates
urges every fireman to he pres
ent.
TAX COLLECTIONS
Sheriff Earl Goodwin reports
that 1959 taxes collected during
September amounted to $1,605.26.
To date the balance of 1959
uncollected taxes amounts to
$15,740.13.
During the month total taxes
collected amounted to $1,605.26,
which included delinquent taxes
tor the years 1950 through 1959. 1
Total uncollected taxes for this
period amounts to $67,579.42.
lember amounted to $35.65 for
Pickups collected during Sep-
I tember abounted to $35.65 for
1948 and 1949 taxes.
| ENGAGEMENT ANNOUNCED
Mr. and Mrs. John Adams of
I Norfolk, Va.. announce the ap
proaching marriage of their
daughter. Miss Barbara Jean
Adams, to David Earl Williams,
son of Mr. and Mrs. Robert Wil
liams of Merry Hill. The wed
ding will take place the latter
part of October. Mrs. Adams is
the former Helen Spruill of
Chowan County.
j VFW MEETS TUESDAY
I William H. Coffield. Jr., Post
. No. 9280, Veterans of Foreign
| Wars, will meet Tuesday night,
.October 11. at 8 o’clock. Com
mander John Bass urges a good
turnout of members.
Edenton Bonded Warehouse
OWNED AND OPERATED BY
Leary Bros. Storage Co.
EDENTON, N. C.
... are approved to handle A and B col
toil for Government purchase and
loans.
W e are in position to buy your eotton
when you present your Grade Card
to us ... Your County Agent and ASC
Offiee will give you the proper infor
mation you need.
We also ean give you the same infor
mation if you see us.
A"
- ?■ ' ini
i * jjP'
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■■ :■ -• •• 1
■4
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TROUBLES Ex-gambler
Mickey Cohen is in trouble
with the government. He
wean an unhappy look as he
is booked in Los Angeles
after a federal grand jury
, charged’ he owed more than
a third of a million dollars in
back taxes.
Humanity is alone real; the
individual is an abstraction.
—Auguste Comte
[—Section gits
PAGE SEVEN
The reason for failure in most * .
cases is lack of perseverance. "
—James R. Miller.
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