PAGE SIX
j r .,.a | nj&_ | n||
llie National Outlook
“The State of the Union”
By Ralph Robev
President Eisenhower’s last
state of the union message is a
rather remarkable document.
These reports, by their very na
ture, are political. This means
they have a strong tendency to
be boastful. Usually the first
message of a new President
boasts of what he expects to ac
complish; the others of what he
has done. This final one of Eis
enhower’s falls within the latter
category and covers his eight
years in office.
Since most persons do not take
the trouble to read such mes
sages, or even to scan them, it is
worth listing the subjects cover
ed as one means of showing its
breadth. There is. of course, an
introduction and then comes a
discussion of each of the fol
lowing:
Foreign policy
National Defense
j The Economy
Government Finance and Ad
ministration
Agriculture
Natural Resources
Education. Science and Tech-j
nology
Civil Rights
Health and Welfare
Housing and Urban Develop
ment
. Immigration
Veterans
Conclusion
Now that is an amazing list
of activities to be of such con
cern to the federal admin stia
tion the President feels obl.gu-j
, ed to report on them to the Con
gress, and this is especially true
since in many cases several items
are included under one sub-head.
In all instances it is maintained
that substantial progress has
been made within the oast < Vint
years. This, it is said, i; true
even in the case of agriculture,
but the improvement here has
been "despite the difficulties of
administering Congressional pro-'
grams which apply outmoded
prescriptions and which aggra
vate rather than solve problems.”,
In many fields credit is taken'
for having increased government
Spending. Some of this gro.vllr
of outlays has been warr 'hied.
Tuts is true in military expend!-]
tures. But in some of the rest
of the budget there has be n n>
such justification, and r,fitly
the non-military spending has
been increasing at the most, rap
id rate. It appears a litt'c. out
of order, therefore, for the Pic.v'-
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dent to say: “balanced budgets
1 have been sought when the econ
omy was advancing, and a rigor
ous evaluation of soending pro
grams has been maintained at all
times.”
In spite of the length of the
message—l 4 legal size pages and
single spaced—there is no real
discussion of the current busi
ness situation. The nearest thing
to it is this paragraph:
"Although intermittent de
clines in economic activity per
sist as a problem in our enter
prise system, recent downturns
have been moderate and of short
duration. There is, however,!
little room for complacency, j
Currently our economy is op
erating at high levels but un
employment rates are higher
than any of us would like, and
chronic pockets of high unem
ployment persist.” <
The economic report of the
President will go into the cur-,
rent business situation in de-j
tail, and when that is submitted
to the Congress we shall devote,
a column to it.
Should the president have
made a different kind of final
message on the state of the
union'.’
That is a difficult question to
answer in the affirmative. Per-j
sonally we should have pre
ferred more discussion of the
serious problems facing the na-j
tion. But it would have been'
impossible to do that without, at
least superficially, appearing to
criticize the record of the Eis
enhower Administration. Also it,
should be borne in mind thatj
there really is nothing the out-'
going administration can do to!
solve these problems. Such aj
critical report also would havej
appeared to say that the incom-j
ing administration does not even’
know what the problems are, and]
that is certainly not true.
All in ail, therefore, this re-]
port deserves to be characterized
as good, and nothing better
should have been anticipated.
The Unfavorable
Side of 1960
Those who believe we are in
a recession have many strong ar
guments on their side. Some of
the factual points they cite are:
Gross national product is as
broad an economic measure as
any nation can have. It is the
iotal of all goods and sendees
. tii TH£ eH6ftA* HfcRALD. EftgHTOK, NORTH CfAROLIRA, THURSDAY. JANUARY 28. 1981,
produced. Since it is expressed
in monetary terms, a change of
; price affects the total. We have
an official price “deflator,” but
j it has shown little variation over
i the past couple of years. The
j all-time high of our gross na
tional product was in the sec-
I ond quarter of i 960. The figure
j was $505 billion. Since then
I there has been an insignificant
| decline, but the total should have
■continued to advance and be 1
I around $525 billion by the end I
: of the year. !
Production is measured by the!
| index of the Federal Reserve!
j
Board. This has extremely broad,
[coverage and the figures are]
subjected to every corrective
j method known to statisticians.
The average of 1957 is used as
] the base which means it is
j equal to 100. The all-time high
|of this index was 111 in Janu
] ary 1960. It dropped a couple
of points in the Spring, but in
July was still 110. In Novem
ber the index was 105. Again
this does not amount to much
percentagewise, but it is disturb
-1 ing that we have not been able
to get above the peak of Janu
. ary 1960.
j Until a few months ago our
statistics on housing starts were
collected and published by the
| Bureau of Labor Statistics. It
was rather generally believed
that the figures left much to be
desired and the task of com
| piling the information was shift
ed to the Census Bureau. The
] immediate change was dramatic
and has continued so month after
month. Now no one knows
j exactly what to make of the
' figures because they behave like
a jumping-jack, and the hous
(ing industry does not operate in
! that manner. In any event it is
, clear that the total of housing
j starts is well below 1959. To- 1
' tal construction appears to be
j at just about the 1959 level.
I Employment has done well
j during the past year—done well
|in the sense that month after
1 month a new seasonal high has
] been made. But the labor force
has been growing at an unusual
]ly rapid rate and this has re
sulted in unemployment remain
ing distressingly high. This is
serious, not only for those out
of work, but because we are
now in the period of the year
when unemployment always in
creases for purely seasonal rea
sons and, with the total rising
to above 5 million in January
and February, we are almost
certain to get some unfortunate
legislation which will do noth
ing basically to help those out
of work to get jobs. I
Corporate profits continue to'
c&cline. In the second quarter
of 1959 corporate profits before
( taxes reached a peak of ’ just
short of $52 billion. The original
budget estimates for this fiscal
year were based upon the as
sumption that pre-tax profits
I would be ssl billion. But such
was not to be. In the first quar
, ter they were $48.8 billion and
, they have been going down ever
since. This is true both in the
1 aggregate and in the profit per
[ dollar of sales.
At the start of 1960 there was
quite appreciable lessening of
1 worry over our international def
icit—the difference between all
that we receive from abroad
and what we send abroad. The
1959 deficit was close to $4 bil
lion, and the better feeling arose
from the conviction that for 1960
this figure would be reduced to
at least $3 billion and perhaps
lower. Some months ago this
conviction was shattered by the]
start of a large gold outflow.
The primary cause of the out-j
flow was the substantial differ
ence in interest rates between
this nation and foreign financial
centers. This means, among oth
er things, that our Federal Re
serve System can not do much
more in the way of lowering]
interest rates, and it presently;
appears that our international]
deficit for 1960 will approximate]
$4 billion again.
Those are merely some of the
broad developments that are cit-1
ed by those who believe we are]
in a recession. In the next col-]
umn we shall list some of the |
favorable factors.
Minstrel At Rocky
Hock February 2nd
Continued from Page I—Section 1
program will be a band com
posed of Britton Byrum, Sammy
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.Morris, Jack Evans, Sammy By
]rum and Fred Britton, Jr.
Actors for the Show will be
■ Jack Evans as Mr. Interlocutor,
Alvin Bunch as Mr. Faddlefoot,
Sammy Morris as Mr. Ham
strung, Murray Tynch, Jr. as Mr.
Heelantog, Wallace Evans as Mr.
Wigglejaw. Britton Byrum as
Mr. Tarhall, Sammy Byrum as
Mr. Fussfeathers, Lloyd Evans
as Mr. Barker, Frank Evans as
Mrs. Tiny Wigglejaw, Moody
Bunch as “Pickles,” Clark Peele
as “Prof. ReackOn.” In addition
to these there will be Carroll
Evans, Becky Harrell, Loretta,
Bunch, Esther Layton, Mary Alice !
Perry, Fred Britton, Alvin Ev
ans, Sherlon Layton and others, i
Door prizes will be given at
the end of the show. All pro-!
ceeds from the show will be,
•used to help purchase baseball
uniforms and equipment for the
ball club. This is a new base
ball club which was organized
at the beginning of the 1960
baseball season. Under the di
rection of Manager Wallace Ev
ans, they had a successful sea-1
son, winning 18 games and los
ing only seven. They were also
successful financially, using only
the gate receipts to pay all ex
penses.
Jack Evans is director of the
minstrel and a large, crowd is ex
pected to turn out.
civic calendar]
Continued from Page 1, Section 1
Mrs. Edna Reaves will begin
a six-weeks adult class, "Cloth-
I ing Construction For Beginners,"
| in the Home Economics Depart- j
ment at John A. Holmes High
School Tuesday night, January
31, at 8 o'clock. 1 |
Rocky Hock "Orioles" baseball
| teana xm present a black face
A story hour will be held et
Shepard-Pruden Memorial Li
brary for children between five
and ten years of age Friday as-j
ternoon, January 27. between |
3.30 and 4:30 o'clock. (
Chowanoke Council No. 54,
Degree of Pocahontas, will meet
tonight (Thursday) at 8 o'clock
in the Red Men hall.
The 1961 New March of Dimes
campaign is now in progress and
'will continue through the month
|of January.
j Annual meeting of the Eden
ton Savings and Loan Associa
tion will be held in the Court
< House Monday night, February
'6, at 8 o'clock. . ,
I Eden ton Lions Club will meet
. Monday night at 7 o'clock.
Edenton Rotary Club will meet
this (Thursday* afternoon at -1
o'clock in the Parish House.
A Chowan Baptist Association
mission study institute will be
I held in the Reynoldson Baptist
! Church in Gales County today,
(Thursday) beginning at 10:30
A. M.
Chowan Tribe of Red Men
will meet Monday night at 7:3f
o'clock.
William H. Coffield Jr. Post
No. 9280, Veterans of Foreign I
Wars, will meet Tuesday night
l at 8 o'clock.
A representative of the Watch
tower Bible and Tract Society of
Brooklyn, N. Y„ will deliver a
lecture in the Kingdom Hall of
Jehovah's Witnesses at 899 N.
| Oakum Street Sunday afternoon,
January 29, at 3 o'clock.
20 YEARS Ago _
Continued from Page I—Section 1
I While in Edenton an idea was
, advanced by Robert Lee Humber
slates in this count: y
Pictures of Ideal buildings war*
displayed in Person Mali Art
j Gallery at the University of
I Nbrth Carolina to show progres-
I sive architectural type* of the
18th and 19th Centuries.
Edenton High School's Band
was notified that it would lead
the parade at the Suffolk Peanut
Festival.
The Herald was informed by
E. W. Spires that a contract had'
been awarded for building a nhw\
Norfolk Southern bus station and j
that work would be started
within a week or ten days.
George P. Arrington of Ahot
kie was the principal speaker at
a membership dinner of the
Eddnfoh Merchants Association.
Mrs. Judien Wood, in charge of
Buncfchs for Britain in Chowan ’
County, reported that a large
consignment of clothing was’
ready to be shipped to New York]
from where it was sent to Eng-1
land.
A delegation of Rad Men from
Massasok Tribe in Norfolk visit-'
ed Chowan Tribe of Red Men. j
Mrs. Bet tie Boswell, 82, died
at the home of her ron, Louis
Boswell, on the Windsor high-]
way.
Improvements were made at
the Cupola house which includ
ed cleaning up the yard, trim
uing shrubbery and erecting a
wire fence at the rear of the
properly.
J. Kelly Stiles, a teacher sit
Chowan High School, died sud
denly at the home of Mr. and
Mrs. Lindsay Evans.
An early morning fire com
pletely gutted the Sutton Drug
Store on Broad Street.
Mrs. Fannie Roulhac Badham
Warren, widow of William Young J
Edenton High School Band, for
its outstanding performance in
the inauguration ceremonies in
Raleigh.
Mr*. Wood PrivotFc music pu
pils presented a pk.no recital in
the school auditorium.
Prtfdeft Promoted v
At Newport News
* V w i j-, g ,
Continued frbm Page I—Section 1,
returned to Newport News to en
ter the Apprentice School in
September, 19§4. He has Bervfcd
in machinery installation sihee
before he completed his appren
ticeship in 1938. . _ ‘ '
An apprentice instructor, foAt
year and a supervisor for fra,
he was made an assistant fore
man in July, 1947, and has head
ed the department since his ap
pointment as foreman in August,
1949.
GIRL SCOUTS MEEt
~.. ;
Girl Scout Troop No. 2 met
Monday afternoon, January 16,
at the Parish House at 3:30
o’clock. Mrs. George Twiddy
met with the girls and talked
to them about First Aid. Mrs.
Conger and Mrs. Parks, the lead
; ers, helped with the second class
] rank. Refreshments were serv
|ed by Carroll Lassiter after
which the meeting was ad-
I journed.