The National Outlook
The President’s Economic Advisers
By Ralph Robey
at.. .. 3 r -’■ V .
Among the hundreds of ap- 1
, pointinents that President Ken-'
hedy has made is a new Coun
cil of Economic Advisers. This
council was established by the
Employment Aet of 1946 and
consists of three members. The
new appointees are Walter W.
Heller; . chairman, Kermit Gor
don, and James Tobin. All are
academic economists, as were
the members under President
Eisenhower, and none of them
has a reputation as a conserva
tive.
The Council made lis first
public statement on March 6,
before the Joint Economic Com
mittee. Dr. Heller acted as
spokesman but emphasized that
he was speaking for the council
as a whole. The statement was
56 pages long, not counting two
t lengthy supplements. The ex
planation for the presentation
was 'that “an administration has]
been organized Which looks at!
'Our economic problems in a new'
“perspective”.
That “new perspective” has
been made relatively clear by
other members of the Admini
stration. It is that we never had
a full recovery from the 1958
recession, that for the past ten
months we have been in another
downturn the fourth since
World War ll—that the growth
rate of the nation is much too
slow, that we have a basic un
employment problem, and that
there is pressure on our inter
national balance of payments.
Many statistics and arguments
were presented to support these
contentions, some of these were
impressive, and some were far
fetched.
"Nothing of Significance"
One of the impressive argu
ments was that since 1955-57 we
have not been investing enough
in plant and equipment and as a
result the age of our capital
The GROWING Ration
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plant has been increasing. We
all know that is true and that]
something should be done about)
it. But the council offers noth
ing of significance in the way
of a solution. There is no men
tion of the inadequacy of pres
ent depreciation laws and regu
lations, of the heavy squeeze on
profits, of the present burden
some tax rates on both business
and individuals, of the monopoly i
power of labor union leaders'
which forces up the costs of
production, of the inadequate
volume of savings for venture
capital purposes, or of the in
creasing difficulty for American
businesses to meet foreign com
petition.
An example of the far-fetched
arguments is found in connec
tion with the recently persistent
rise in unemployment. The fact
is that in each of the post-war
; recovery periods the volume of
j unemployment has been higher
l as a per cent of the labor force
than in the preceding upswing.
The usual explanation of this
has been a change in the struc
ture of our labor force—a larger
percentage of young workers and
of the unskilled. The council
says this is not true —that the
increase has been simply the re
sult of inadequate demand.
Plotting the Upswing
In replies to questions by
members of the Joint Economic
Committee, Dr. - Heller made it
clear that he thinks the program
which has been presented by
, President Kennedy will be suf
ficient to bring us out of the
current downturn but that the
upswing probably will not start
until after the middle of the
yev. Secretary of the Treas
ury Dillon believes we shall
t have an improvement before the
middle of the year, and Secre
tary of Labor Goldberg puts the
date as April. Since it never
THE CWWyiWmKLD, gPENTTOW, NOWtH OABOLtNA, THURSDAY, MARCH 23. 1961.
is possible to pinpoint a future
change in the economic trend,
these differences are not too im
portant. The significant point is
that all of them, and most ana
lysts, belfeve that we are close
to the improvement stage.
As to how the long-term
growth rate of the nation is to
be.stepped up, the report of the'
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Memorial Fund To Honor Tar
Heel Soil Conservation ‘Father’
North Carolina farmers willi
help this spring to create a last-1
ing memorial to a native son 1
who has been honored highly in
many other states and nations.
The memorial is the Hugh
Bennett Professorship in Soils at
N. C. State College. It is dedi
cated to the farm boy from An
son County who became one of
the world’s great agricultural
leaders.
From May 8 through June 10,
owners of ponds throughout
North Carolina will donate pro-1
ceeds from fishing fees toward j
the professorship. Plans are to,
designate from te nto 30 well
managed, properly stocked ponds
in each county as “Hugh Ben
nett Ponds” during the month.
The goal is to raise $50,000 to
SIOO,OOO to set up the professor-1
ship. An outstanding professor j
in soils at State College will be
named “Hugh Bennett Proses-i
sor.” He will receive an honor-;
arium in a salary supplement l
from the earnings of the fund, j
State College frequently loses
top men in soils to other insti
tutions, because of the relatively
low salary scale in North Caro-,
lina.
The late Hugh Bennett was
known as “the father of soil con-|
servation,” not only in Ameri-'
ca but in a host of other lands.'
He founded the Soil Conserva
tion Service and headed it for
16 years. His story may be
told simply by citing “Bulletin
55,” issued in 1909 by the Chief
of the Bureau of Soils, and 1952
statistics:
‘The soil is the one indes-l
tructible, immutable asset that
the nation possesses,” said the
soils chief. “It is the one re
source that cannot be exhaust-,
ed.”
Os that statement, Hugh Ben-|
nett said, “I didn’t know that
so much misinformation could be
put into one brief sentence.” I
Hugh Bennett retired just 17
years after the Soil Conserva
tion Service was created in 1935.
In 1952, there were 2,329 Soil)
Conservation Districts in opera
tion in the United States. The
districts were composed of 4,-
886,487 farms on more than a
billion and 305 million acres.
Soil conservation practices
adopted in that decade and a
half helped to boost sharply the
nation’s crop yields per acre.
Ohio put up a granite monu
ment to Bennett. He was rec
ommended for the Nobel Peace
Prize. A Secretary of Agricul
ture awarded him a gold medal
for meritorious services.
Singular honors went to him
from eight national societies.
He received honorary degrees
from the University of North
Carolina (his alma mater), Clem
son College and Columbia Uni
versity. Popular Mechanics
Magazine elected him to its Hall
of Fame.
The largest state in Brazil, Sao
Paulo, honors his birthday each
year with a special Soil Conser
vation Day.
Cuba gave him an Order of
[council is extrerhely hazy. At
no place is it stated that this
can be accomplished only by in
creased government spending,
but by reading between the lines
this is the clear implication.
And there is no question that
the members of the council have
no fear of an expansion of gov
ernment activities and powers.
I Merit for helping to save the
I sugar cane industry.
The Argentine people dedicat
ed a whole issue of their maga
zine, Friends of the Land, to
' him.
And a governor of North Car
olina once proclaimed a state
wide Hugh Hammond Bennett
Conservation Day.
Hugh Bennett said, “Produc
tive land is our base. Every
thing we do, all we share, even
j whatever we amount to as a
j great and enduring people, be
i gins with and rests on the sus
tained productivity of our agri
cultural land.”
The Milwaukee Journal said,
“Great men usually are memor
ialized in stone or metal, but the
| earth itself is being carved into
I a memorial to Hugh Bennett.”
I _—
l Roster Os Edenton
j Bell Battery
j ContinuedTronTpagT^
I • -inri'-j'ijJuwiAj
dick Arnold. Thomas Armstrong,
C. L. Bailey, Thomas J. Boswell,
D. D. Brickhouse, F. L. Brick
i house, T. W. Busbee, Robert D.
Bunch, Joseph R. Byrum, Alonzo
,L. Bany, Benjamin C. Bordeaux,
■ Abram T. Bush, Henry H. Boyce,
.Thomas C. Badham, Roderick
Campbell, Jordan Cahoon, Wil
, Ham H. Cale, Exum B. Clark,
J. F. Chippenwater, Jesse L.
Cooper, John C. Cullifer, Abner
.A. Combs, Ephraim B. Davis,
Silas W. Dillon, Caleb Doughtie,
'.John Dunston, Henry T. Dillon,
| Thomas H. Evans, Thomas K.
Feagan, L. Steely Fayette, Peter
| Fullerton, Thomas G. Goff,
i Thomas Gibson, Oliver F. Gilbert,
Baker F. Haisey, Isaac Halsey,
jJosiah Harrell, William H. Has
| sell, John Hasseli, James J. Hay
jman, Andrew J. Haste, James W.
Hathaway, Robert M. Henry,
[John Hollowell.
Benjamin F. Hember, Cyrus E.
; Hopkins, Henderson Harris, Ben
jjamin F. Hunter, William Hud
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son, James J. Hayman, O. K.
Howard, D. W. Hanberry, John
W. Herring, Jacob Heath, Irwin
A. Harriss, Carney Jones, Isaac
W. Jordan, William Tyler
Keough, William W. Kemp, Ash
ley Liverman. Thomas Liverman.
John W. Leonard, James R. Lar
kins, Edward J. Littleton, Sam
uel Leary, West Miller, James
Madison, James H. Manning,
Solomon M. Mann, James A.
Meekins, George Mizell, Jona
than Mizell, William Mizell,
Lemuel Mond, William M. Mond,
James A. Moxon, John E. Nix
on, Michael Newman, D. W. New
berry, George C. Newberry, John
E. Nixon, James A. Nixon, Josiah
Nowell, Uriah Overton, Rich
mond M. Only, William D. Only,
Benjamin Owen, Joseph M.
Owen, Franklin Patrick, John A.
Patrick, Josiah Perry, William
Perry, Jarvis Perry, E. Franklin
Phelps, Samuel Privott, Fletcher
W. Ramsey, Job Riddick, John
Roberts, Barney Rose.
Quenton T. Saunders, James
Swain, Absalom W. Spruill, John
A. Savage, John Tarkenton, John
W. Tarkenton, B. Alexander
Thomas, G. Goff Thomas, James
Tichett, William Tic'hett, William
Jeptha Webb, Joel H. White,
James White, John White, Wil
loughby Williams, James L. Wil
liams, Andrew Wynn, Jordan W.
White, Thomas E. Williams,
James Wills, Edward Waugh,
Joshua C. Wright, Samuel F.
Wood.
SUNDAY SCHOOL
LESSON
Coni'd. from Page 6—Section 2
from an historical standpoint, we
realize that great issues never
need repeating or redoing. When
Columbus discovered America, it
was done once and for all. Each
generation needs to learn the
multiplication tables, but the
tables themselves never need re
discovering. We have the truth
in them once and for all.
Plato, who died in 347 8.C.,
laid the basis for a spiritual,
idealistic philosophy. And even
though much philosophy has
been developed since then, his
concepts of a creation spiritual in
its foundations is permanent.
Again this is true of the work
C&666
' e _ j * 1 w,.. a a
2f you can’t find just what you want right around home
and you’re going “out-of-town” to do your shopping for
Easter, read why Norfolk is the best place to go!
There’s a wider selection in Norfolk’s attractive stores. There are more than 200 apparel stores 2OOO
retail establishments all offering a variety that will enable you to find exactly what you want.
Prices in Norfolk stores are down-to-earth! Larger volume and quick turnover mean less overhead and
lower prices. The value you receive is high the price you pay, economical and sensible.
All over town you’ll discover the latest in Spring fashions. Remember, quality merchandise and fair price*
make it a real pleasure to shop in Norfolk.
The number of convenient parking places increases every year. Traffic is lighter on Tuesdays and Wednes
day* and even more parking spaces are available.
Regularly scheduled Trailways buses make it possible for you to leave for Norfolk in the morning, do your
•hopping and return home in the afternoon.
.
' . • . *
SHOP FOR FASHION IN fpieuim v MftpmFrf
' -- - --- - - -
of Jesus upon the cross. He did
it to show men forever the glory
of the Father and the victory
of salvation. His death was
once, for all, and final.
Jesus showed us the Father,
anw now we see the Father for
ever. He conquered sin here on
earth once, and we claim that
victory forever. Once, and
therefore forever, Christ died
for us.
The crucifixion was not a
surprise to either God or Jesus.
All through John’s Gospel it is
W 'llSiiH
# I ■ 1111 l
• i ‘-V
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foreseen. Thus Jesus’ death'
upon the cross did not cheat
God’s will. It was not the work
of the Roman authorities alone,
but rather it fulfilled the divine
purpose. For this Jesus was.
born. ,
And for this great gift—this]
Divine gift—what more fitting!
ending for our lesson today, than
for us to humbly bow our heads
and give thanks for this su
preme sacrifice made in our
name, and pray: “We thank
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—SECTION TWO
PAGE SEVEN
: thee, Christ, for thy cross and
precious blood that have re
deemed us.
“Help us to know and love
thee more clearly, and to have
victory over evil, forever and
i ever . . . Amen.”
I
I These comments are based on
outlines of the International
Sunday School Lesson*, copy
righted by the International
Council of Religious Education
and used by permission}.