fIHKJ . v -AV » -J tM (M| ’ ’r*r T ' •; SfT'
coiiooiicolly
111 Actions view of 'the
Wgrovvth and development shows
■ that • Presidential election years
KES^£l^
often than not.
IB This trend is clearly apparent
ji|j£ , iy going back over
W thq-jpast century, and part^sf^hr
-9 ly in tfie |ast two decades when
I 6oQ%t of tJ|e nation’s best growth
I re&rds were achieved; and it
I# Bddg“enotther element of,-pqnfi-
U deattjin the outlook for the -tur
; rent year 'as the prelinftnaHes
I • get wilder way for the election of
the 35th rVesident this Novem
| ber.i » » /
| ' Th« Prospects Ahead
T As it is, though exuberant
l| year-end fot-ecaSts have moder
\ ated recently, the indicatioh’s are
l-ihat 1960 will, prove to be an
other Jandmark year in Ameri-
annals. Our first
f t>OG billion gross national pro
- JBuct, as against under 5480 bil-
in 1959, is still the general
t expectation, along with the es
| tablishment of other records in
such fundamental yardsticks of ‘
progress as employment and in
come. Personal savings, too,
should keep pace with this trend,
and in fact their growth will be
essential to broaden the protec
tion for the individual and the
family, and at the same time to
help provide the capital and in
vestment funds which the econo
my will need to grow.
The economic records show
that with all its cyclical nature
and ups and downs, a propen
sity toward growth and pros
perity has been an outstanding
characteristic of the American
economy from its earliest days.
These rhythmic swings are ap
parent in the economic box score
of Presidential election years, ac
cording to long-ter mdata on an
nual business activity compiled
by the Cleveland Trust Com
pany.
What the Record Shows
During the 25 Presidential
election years in the past cen
tury 1860 through 1956, the fig
ures show that economic activi
ty was on the upbeat in ,14 of
■fcihose years, declined in eight,
j|||Md. was mixed in three. For
|BHe 15 Presidential election years
Hgßce the turn of the present
when the economy as
it now began to take
the economic returns were
eight years of rising activity, five
years of decline, and two years
of irregularity.
Thus for the last century as a
whole, expansion has character
ised more than half of the Presi
dential election years in the pe
riod. The score for the last two
decades is even more impressive, l
with marked growth trends in
four of the five Presidential elec
tion years since 1940. War and
its; aftermath have, of 'doorse,
the .-econofrny’s per
formance since the Forties, just
as..depression left its imprint on
the results in the Thirties.
Some of these Presidential
election years stand out more
Utah others in their economic
performance and qualify turn
ing points in the subsequent
course of events. One such in
relatively recent history was
1920. That was the year during
which the persistent inflationary
trend of the first two decades of
tfcfe century, which took on
runaway aspects in the First
World War period, came to an
abrupt end, falling of its own
\ 1 excesses and carrying the whole
' economy with in in a short but
deep recession.
The Challenge We Face
The behavior of the economy
since the end of World War II
shows that we have learned
mudh from the past in avoiding
boom-bust cycles by holding eco
nomic adjustments in check
through stabilization programs
and other measures. But there
Is one basic problem that has
been building up steadily and,
considering the trend of events
abroad as well as at home, in
sistently calls for a decision.
fH»t is the problem of infla
tion and the stability of the dol
lar. After two decades of a de
preciating dollar and an even
< longer period of inflation-breed
ij Jpg Government deficits, • the
I question of economic growth
l without inflation remains one of
out foremost and a
key factor in our progress and
jkfDfc dheadto the future.
ftSbit the country has taken up
challenge and is not pennit
-1 tfir-h $• go by default. Th<
~ jffications are that the Ameri
r (ffidublic fa more alive to the
> A WPfcion danger and the tied to
>WBtajn it than ever before in
History. The long rise in
eral budget is in prospect for the
current fiscal year and a large
surplus to be used for debt re
duction has been projected for
th* next fiscal year which be
gins bn July 1.
Important Dates For
Fahners In Chawon
V ' *. ■ ;
H. O. West, local ASC office
manager, releases a list of im-
A CARNIVAL OF
VALUES
YOUR CHOICE
16.8 Cii. Ft. Coldspot Upright Freezer
1-Year Free Service 2-Year Food Warranty
5-Year Guarantee on System Holds Over X A Ton
♦
17 Cu. Ft. Chest Type Freezer
1-Year Free Service 2-Year Food Warranty
Holds Over 600 Lbs.
12 Cu. Ft. Refrigerator Freezer
1-Year Free Service 5-Year Guarantee on System
Fully Automatic Defrost —Top-to-Bottom Door Storage
“£“sl99-00
AND ONLY $5.00 DOWN
&2&fedfa 'OCCen6UtZeect minr 325 south broad street
etjummoney 6ic&" jtAKj 1 Slmojl 86 * ’
■ i. ■ ... ■ ■■ ■»■■■ i ■MMM iHaouM.wxww.a i-mmr*™*r*-■ m i.li jiwbwhljii j
■■■■»■— 11
'flH| x WSl *■ jniK:'
i* iiYrif iJfltHfrYli - • ;y : ary dt-
PURE gasolines have set 244 certified
performance records*for power,
mileage and eeonomv.
Get PURE-PREMIUM |Sf
...it’s super premium now
KnMt t> N*3CAR ALa. LSaC see A / Ntw
y IHUM Own ml
Winslow Oil Company'™".
Hertford
THE GHOWAW HERALD. gPEKTO*. SCOT?! .CAROLINA. tKfIOTDAT. JANUARY 5, 1961.
portent dates for Chowan County
to remember. In the list are the
following:
February 15—Closing date for
accepting applications for new
grower cotton allotment.
April s—Closing date for ac
cepting released cotton allot
ment.
April 10—Closing date for re
apporting released cotton allot
ment.
February 15—Closing date for
accepting applications for new
growers tobacco allotment.
February 15—Closing date for
accepting applications for, new
growers peanut allotment.
March 15 —Last day to return
peanut marketing cards' to ASC
office.
March 31 —Closing date for de
livering wool receipts to ASC
office for wool payments.
January 30—Closing date for
making application for loans on
small grain.
January 15 through January 31
—The initial sign-up period for
accepting requests for 1961 Soil
Conservation Practices.
RED MEN MEETING
Chowan Tribe No. 12, Improv
ed Order of Red Men, will meet
Monday night, January 9, at
7:30 o’clock. All members are
requested to attend.
"SUPER-RIGHT" HEAVY GRAM FED BEEF CHUCK BLADE
Edenton
BONELESS CHUCK ROAST 3 . 55c
BONELESS LEAN STEW E”' "e
"SUPER-RIGHT" (.IAN, FRESHLY GROUND
k A A '‘Super-Right’' Quality Specially Priced!
vpr I rVv# Pure Pork Sausage 67c 3s SI .00
j Ceil. Twin-Pa. Morton Meat Dinners . 49c
\ Potato Chips % White House —An A&P Exlusive Brand
< ,0.0.. AO < EVAPORATED MILK 6 179 c
w pk - SrllC Outstanding Low Price Prepared
A-n JT AUSTEX BEEF STEW 2St 65c
r vV BREMNER JUMBO PIES ’&?• 39c
JANE PARKER LARGE ANGEL FOOD OR LARGE CHERRY
#FREE! >
One Package Sparkle Reg.
Pudding With Purchase of .■?****££'' j, f
Four Pockoges of Reg. Price!
O Pkgs. AN N PAGE SALAD Jar V
Regularly 4 Pkgs. For 29c I Dressing 430 1
Ann Page Pure Fruit Ann Page
Strawberry Preserves 2 Jo?' 55c tomato K*'c!r.:p ’tn 7 ' 21c
Large Dozen Size Ar*—,
FRESH CELERY JL Stalks | C
Fresh Florida f% Ik AmA raSHE
GRAPEFRUIT O b O9 45 c M pounds
B for Hml
Bog OUC J 1
—- Prices in this ad are
mm
TOadifflM K>mi Green Peas 2 49c 1
Mortis*l A&P BRAND FROZEN C
{Spin ac h 4 45c |
PAGE FIVE
—SECTION OKS