Newspapers / The Chowan Herald (Edenton, … / Nov. 10, 1960, edition 1 / Page 2
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PAGE TWO i iurTTni n No Comment ] By JAMES W. DOUTHAT VMiaUat Vie* rraltat, QovM»me»4 DinMl •» tfca Nalbul ff Mlllflrtllin HO COMMENT" Is ■ report ot ncidants on tho national scene, nd does not necessarily reflect IAM policy or position. Washington Conservatives n Congress contend that the tax >rogram being advocated by the rFL-CIO would be a major de errent to expanding the nation’s conomy and assuring that the Jnited States keeps well ahead f Soviet Russia. This would result, it is as srted, because the program /ould impose serious restrictions n the ability of industry to perate and on the ability of idividuals to provide capital ssential for business expansion. Here are some of the things dvocated in the AFL-CIO tax tudy: 1. Repeal the system of de letion allowances so that “in ividuals and corporations in the lineral and allied industries are ermitted to deduct only de reciation allowances equal to hose received by other indus ries on their invested capital.” 2. Repeal the provisions in the 954 Revenue Act allowing more iberal deductions for deprecia ion. 3. Repeal the four percent lividend credit and the SSO ex imption for dividend income. 4. Reduce personal income axes in the lower brackets by ncreasing the personal exemp ion (now $600) or split the first iracket in half and impose a ower rate, 10 or 15 percent nstead of the present 20 per ent, on the lower half. A 15 iercent rate under these circum tances would cost approximate y $3.5 billion of present rev enue. 5. Raise substantially, or elimi late entirely, the present $4,800 alary base on which Social Se curity taxes are paid. 6. Repeal the split income pro vision and require that married couples pay the same tax as i single person on the same taxable income. 7. Tax expense account spend ing above a “reasonable” maxi mum.” What would be con sidered reasonable is not de fined. 8. Eliminate the stock option privilege. 9. Extend tax withholding to dividends and interest. Tax experts contend that this program, in general, would pen alize success and would tend to discourage investment in indus : try which is essential to the na tion’s economic growth. • Any program which retards industrial expansion, it is as serted, would seriously jeopar dize the nation’s ability to pro vide military security, jobs for future generations, and the pro ducts that the nation and the world must have. What is needed, it is explain ed. is a measure along the lines of the Herlong-Baker bill which, among other things, would low er personal and corporation in come taxes to a maximum of 47 percent by a series of annual eductions spread over five years. The corporation rate now is 52 percent. The personal in come rate now ranges from 20 percent to 91 percent. Under the measure, the bottom rate would drep to 15 percent and the top rate would be 47 per cent. There would be corres ponding reductions in the inter mediate brackets. Advocates of the Herlong- Baker bill explain that the busi ness expansion expected to re sult from its enactment would provide more tax revenue in the long run than would be lost ini- Plants & Shrubbery FOR SALE Steel’s Jumbo Panies in mixed and separate colors, Sweet Williams (tall and dwarf), English and Shasta Daisies, Candy Tuft, Bas ket of Gold. Nursery Stock Hollies, Aaleas (tall and dwarf), Camellia, Junipers, Legustum Pyracanthia. ❖ We Guarantee The Plants We Plant! Leary Plant Fann igwnnxm, *. c. tially by lowering the rates. In addition, lowering the cor poration and personal income tax rates would tend to stimu late investment in industry, thereby producing a stronger and more vigorous economy. In substance, the AFL-CIO program is the one it has been advocating for many years. But it is now stepping up its activi ty looking toward the new ses sion of Congress opening on January 3. It has issued a 118- page discussion of federal taxes which has been sent, among oth ers, to the two presidential can didates. Frankly Speaking By Franz Huberts The Radio Advertising Bu reau recently took a poll and discovered that Americans are better able to identify local ra dio personalities than national political figures. Make of it what you will. This column is written Monday but released af ter election day. However, I think it’s safe to say, that my man won. The number three: Last week three Marlon Brando pictures were playing on the same day in Elizabeth City. They were “On the Waterfront,” | “Sayonara,” and “Wild One.” | And last week, three show-biz i deaths, including country sing er Johnny Horton, Wagon Train] star Ward Bond, and movie gen-| ius Mack Sennett. Bond and Horton both passed away the same day in the same state. It I finally happened, just as I’vej seen it done on television. ] Someone actually recommended a household product. It was a professional man recommending a cleaning product. One of the world’s prettiest sights: Edenton in the fall, with the leaves turn ing color. This 1960 election year proved to be one of the most fascinating in a long, long time. Recently saw an old movie starring Bing Crosby’s late wife, Dixie Lee. She was certainly very pretty. A bit of new scheduling on WCDJ as Tom Shields takes over as host of “Best On Wax,” from 1:30 until 3:45. I’m back with part two of the Carolina Farm and Home program from 12:30 until 1:30 every afternoon. We’ve al so added an unusual news pro gram, Featurescope, to our schedule. That’s 11:15 every ayem. A couple more handsome chores for me. I’ll be back at the library on the 17th and 18th from 4 to 5 to read more stories for the youngsters in the 5 to 10 age group. My lovely wife gets in on the act, reading to the 3 and 4 age group on that preced ing Wednesday. All in celebra- Toy land Opening boon at PERRY’S SALVAGE STORE Building Formerly Occupied By Chowan Motor Company WEST WATER STREET / ***** M Old tion of another National Li brary Week. A couple weeks later, I’ll keep busy as beauty : contest judge. The date is De , cem’ber sth, when we’ll be at Perquimans High looking for Miss Perquimans. Had fun last year, expect to enjoy it this year, too. Special guest this year will be 'Miss North Caro lina. This past week revivalist Gregg Walcott appeared on three one-hour shows, each getting under way at 7:30. “Riverboat,” on Monday night, and “Chey enne” on Tuesday night and “Wagon Train” on Wednesday night. An excellent actor, who always plays villain’s roles, spends his spare time conduct ing revival services. He was well received in this area. Gregg Walcott is the younger brother of the Rev. Mr. Mad dox, former Hertford Baptist Church pastor. Did you catch the movie ad for a certain thea tre in Norfolk? It read like this: “Kiddie show tomorrow. Blood of a Vampire.” By the way, it’s not true this movie was 1 made in New York at the Vam pire State Building. Closing thought: When we have not what we love, we must love what we have. Peanut Producers Urged To Survey Next Seed Stock Very Important For Having Sample of Soil Tested Farming is a never-ending op eration. The activities of the smart and wise farmer overlap to the extent that before he can finish the harvesting and mar keting of one year’s crop, he is into the preparation for the next year’s crop. Tliere are two things right now which the peanut fanner could and should be doing to help assure a good harvest in 1961. One is the careful man agement of his seed stock and the other is fertilization. In relation to seed stock, it is wise at this time to observe the peanuts carefully and harvest and select those which are from the higher producing areas of the fiejd or fields and which grew with little disease and in- damage. The peanuts so selected should be handled care fully during the picking opera tion, being careful that the har vester is not run at too high a rate of speed which will cause damage of the seed within the pod. Also, when the peanuts are picked, the moisture content 752 CKSkVAi? 3SEBAL3. ES2STGB. RGST» CASC2JKA. TSTOE3BA7. NOVEMBER 10, 1880. * should be carefully checked to assure good-keeping moisture level and they should be stored in a good, dry, rat-proof stor age house. In the area of fertilization, if the soil on which peanuts are to be planted in 1961 has not' been tested, a sample should be taken now in order that the recommendations as a result of the soil analysis can be follow ed. To know the contents of the soil now will give adequate time to apply lime and potash for the 1961 crop. Let us not put off until to morrow what should be done to iay as “too late” arrives “too soon" in the rush hours of late spring. Ten Leaders In Bridge Marathon Dr. Richard Hardin and Joe Thorud continue to lead in the jridge marathon sponsored by :he Chowan. Hospital Auxiliary. At the end of the third round the ten leading teams and their scores follow: 1. Dr. Richard Hardin and Joe Thorud, 18,270. 2. Mrs. L. A. Patterson and Mrs. W. B. Rosevear, 17,470. 3. Mrs. Riehard Goodwin and Mrs. Elton Forehand, Jr., 17,360. 4. Cecil Fry and Mrs. J. M. Thorud, 16,050. 5. Mrs. Oscar Duncan and Mrs. J. B. Harrison, 15,130. 6. Medlin Belch and C. A. Phillips, 14,750. 7. Mrs. Thomas Shepard and Mrs. R. G. White, 14,189. 8. N. J. George and Hiram Mayo, 13,390. 9. Mrs. H. A. Campen and Mrs. A. M. Forehand, 13,360. 10. Mrs. Willie White and Mrs. L. H. Haskett, 13,200. V-•.«_'. . - _ * r* PURE gaßolines“hold more O ■ Pm records for performance than any other”* FXJRE have sparked 38 different males and models of can to over, /d^allHC mtn 240 certified performance records. Records for acceleration, power. i 1 And now Pure-Premium has been boosted in octane ... boosted into the super-premium el««a_ It delivers more anti-knock power than ever before. So drive into any Pure Oil station and get Pure-Premium. It’s tuner duality ... ready to give record road performance in your car. f •Certified by NASCAR (National A.uociatinn for Stock Can) Get g PURE-PREMIUM Elementary School Lunch Room Menu V. I*.’ Menus at the Edenton Elemen-! tary School lunch room for the] week of November 14-18 will be as follows: • Monday: Luncheon meat, toss salad, sandwich bread, green beans, chocolate pudding, milk. Tuesday: Hamburgers, school baked rolls, creamed potatoes,! The dynamite behind the BmckFoDSn! ■i wmmr iml Hro™” TL T’if if*— —M J d IEaLmII Lift fAx sr. .............. . life ...... Buick’s new Wildcat go, new Clean Look of action, roomy . easy-living have sales zooming! Buick for ’6l is selling great . . . and its new Wildcat V-8 is one big reason why. Refine-* ment after refinement gives the extra go-power people go', for (and on less gas)! And Buick’s new Turbine Drive (now', Standard on all full-size Buicks) boosts gas savings ... and go ... even more! Add more head, leg and shoulder room ... 105-109 East Sueen Street pineapple, buttered peas, but-! ter, milk. Wednesday: Vegetable beef] soup, crackers,!, peanut butter ! sandwiches, block cake, milk. Thursday: Meat balls and t spaghetti, candied yams, school' baked rolls, milk, sliced peach es, butter. Friday: Macaroni and cheese, buttered corn, turnip greens,! school baked cookies, corn bread, • butter, milk. COLONIAL MOTOR COMPANY, INC. ROTARY MEETS TODAY Eden ton’s Rotary Club will meet this (Thursday) afternoon at 1 o’clock in the Parish House. The program will be in charge of C. W. Overman and President Elton Forehand urges a 100 per cent attendance. LIBRARIES CLOSE NOV. 11 The Shepard-Pruden Memorial and Brown-Carver Libraries will be closed Friday, November 11, in observance of Veterans Day. flatter floors, wider doors ... a new satin-smooth ride ... it . new Clean Look of action . . . and you’ve got the exciting story behind Buick for ’6l. See your dealer today! mu soi ’6IBUIGK EDENTON, N. C. | POCAHONTAS MEETING * I tonignl vTnursday) at 8 o’clock. 1 Mrs. Barnie Brooks, Pocahontas,' all members to be' pres ent - ■ • - ■ 1 VFW MEETS TUESDAY 1 William -H. Coffield, Jr., Post | No. 9280, Veterans of Foreign I Wars,will , meet Tuesday night, November 15, at 8 o’clock. Com 'mander John Bags requests a 'large attendance. Dealer License No. 1263
The Chowan Herald (Edenton, N.C.)
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Nov. 10, 1960, edition 1
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