Newspapers / The Chowan Herald (Edenton, … / Aug. 23, 1962, edition 1 / Page 11
Part of The Chowan Herald (Edenton, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Hie National Outlook • Confusion on Tax Bills -By kalfh Kubiv It is almost impossible to con ( ceive the confusion on taxes in Washington at present. There have been times in the past when it was impossible to de termine whether taxes were go ing to be changed. But the current situation is much worse ' than that. Three tax bills, or proposals, are involved. 'hirst is the request made by President Kennedy many months ago that the Congress delegate to him the right to reduce tax es under specified conditions without further legislation. The chief executive gave another plug for this in hife - ’press con terence a few days ago. There is little chance that this recom mendation will be acted upon by this or any future Congress. Second is the broad program which was sent to the Congress last year. This is -the bill Which provides a tax credit for certain types of business investment, makes a fundamental change in the handling of foreign earnings, imposes a withholding tax on interest and dividends, and so forth. That program Was pass ed by the House some time ago and recently has been the sub ject of extensive hearings and debate by the Senate Finance Committee. This group has eliminated the withholding on j dividends and interest and has made other significant changes in the suggestions for closing so- J called “loop-holes.” The bill is now ready for presentation to | the Senate. And no one knows what will happen. At the mo ment it appears about a .fifty- ! fifty chance that the bill will be- 1 come law. Some close followers of the legislation think the odds on passage are slightly better than that. They hold that the Administration will make almost any concession to get ihis bill through. Third, and this is where we have real confusion, is that we should have a “quickie” reduc ' tion of taxes to give the busi ness trend a lift. The discussion 6n this is almost endless and goes in all directions. Within the Administration there are some who are firmly convinced that we should have such re duction immediately. There are others who are equally convinced that it is not needed and in any event should be postponed until next year. There is equal ly wide disagreement within the Administration as to what type of reduction should be made. Some believe it should be the same percentage cut 'across the board, covering both individual and personal income taxes. Some think the whole reduction should be on personal income taxes and be limited to the low er brackets. And some contend Isjat major attention must be ''given to the higher brackets in order to increase the Volume of venture capital. Outside of the Administration, one finds the same type of dis agreement. # George Meahy, head i of the AFL-CIO, and various other top labor leaders insist that there should be no reduc tion in corporate taxes but everything should be concen trated on lowering the rates in the lower personal income brac kets. The argument, of course, is that what we need is greater purchasing power—not more cap ital investment. Neither facts nor logic support this contention. The U. S. Chamber of Com merce recommends an immediate tax cut, with reductions in both corporate and personal income rates, and with the lowest brac ket divided into two categories, the lower of which would have its tax rate reduced from 26 percent to 15 percent. The National Association es ‘Manufacturers, which has been working long and assiduously , for income tax rate reform, is vigorously opposed to using the tax system as a means of at tempting to control the business trend, but it is equally con vinced, and rightly' so, that the nation is greatly in need of low er taxes. It believes that, for the 'safety of our citizens, the 'only feasible means for accom plishing the type of rate reform which is so essential is by a for flto best in... .^control* Service i x&u&F :Z ’ fairly long-term program. Hundreds of other groups and individuals have ideas more or less at variance with those just stated. Even if a bill could be de veloped it is doubtful whether this Congress would pass it. iAt the moment, therefore, the I . ~ situation sums up as follows: Not a chance of the Congress 1 delegating tax reduction powers to the chief executive. About an even bet that the old Administration bill will be passed in some form. Little likelihood that this Con i gress will pass a reduction of i taxes for the purpose of helping the business trend. Another Cancer Clinic Sept. 7th The Northeastern Cancer Clin ic will be held on -Friday after noon, September 7, with regis tration beginning at I o’clock. A chest X-ray will be given to anyone wishing it along with the examination of the five areas of the body where cancer is most easily found and cured, j There are no limitations as to sex, race, physical or economic ! status at the center. However, I women should be 35 or more and [ men should be 40 or over unless referred by a doctor, or unless | one of the “Seven Banger Sig- I nals” or “symptoms” are pres j ent. Only 30 people can be seen at the Center each month due j to limited facilities, so it is sug i gested that anyone who wishes | to be assured of an appointment ! should write the Cancer Cen ter, Health Department, Eliza beth City, N. C-, for a priority. Examinees are asked to bring a robe or housecoat with them. The sweet ai»d sacred sense of the permanence of man’s unity with his Maker can illumine our present being with a continual presence and power of good, opening wide the portal from death into life. —Mary Baker Eddy. Contentment with the past and the cold conventionality of materialism are crumbling away. —Mary Baker Eddy. f 1962 General Electric Filter-Flo Washer [ WASHES 121 b. LOADS! New Beauty Performance ' M| 2 ' WASH SPEEDS TEMPERATURES \j TEMPERATURES - Washer WA-650W Think of the time and work you save when you can wash 12 lbs. of clothes in one load. Thorough washing action to get every I jc piece in this l big load really clean. New wash basket, more pow-V J erful G-E motor and new spiral activator do the job . . . easily. * M m # Jm Quinn Furniture Company OF EDENTON, INC r * Phone 2425 “Home of Quality Furniture”’ Edenton, N. C. TUB CWOWAH WCTALD. EPEWTOIt. WORTH CAHOLTWA. fHTOSDAY, AUGUST 23. 1962. SKI BKKK/.K <*alanci!u: atop an ordinary kitchen stepping Stool is a breeze for Nancy Andrews, as she Zips along Kaneohe Bay near Oahu, Ha waii, at about 11 knots. i Legal Notices North Carolina, Chowan county. NOTICE OF SALE OF VALUABLE PROPERTY Under, by virtue of and pur suant to the power and authori , ty contained in and conferred by j tnat certain deed of trust exe | cuted by Edith White to Sam 'S. Woodley, Trustee, dated June 24, 1907, and of record in book 71, page 540-541, of the public registry of Chowan County, de fault having been made in the payment of the indebtedness thereby secured as therein nro vided, and upon the demand of H. T. Davenport, the holder of the bond of indebtedness there by secured, the undersigned, Sam S. Woodley, Trustee, will on Tuesday, September 18, 1962, at 2:00 o’clock P. M., at the Court House door in said county, of fer for sale at public outcry to the highest bidder for cash the lands and premises described in the said deed of trust as follows, to-wit: That certain parcel of land on which Edith White now lives and located about .15 miles north wardly of the town of Edenton and bounded on the south by the Yellow Hammer Road, and on the east, north and west bv lands of Archie Asbell. The said lands, were conveved to the said Edith White by the said Archie Asbell. j The said lanfls will be sold subject to all taxes and spe cial assessments due or to be come due thereon. A deposit of 10% of the amount of the bid up to and in cluding $1,000.00 and of 5% of all amounts over $1,000.00 and in any event not less than $25.00 will be required of the success ful bidder as evidence of good faith. This the 4th day of August, 1962. SAM S. WOODLEY, Trustee. Aug23,30,5ept6,13c EXECUTOR'S NOTICE , Having qualified as executor of * the estate of Clara B. Pres ton, deceased, late of Chowan County, North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the undersigned at ’Edenton, North Carolina, on or before the 16th day of February, 1963, or this notice will be pleaded in bar of their recovery. All persons in debted to said estate will please make immediate payment . RICHARD N. HINES, SR., Executor of Estate of Clara B. Preston. Aug16,23,30,5ept6 EXECUTOR'S NOTICE Having qualified as' executor of the estate of Eva F. Byrum, deceased, late of Chowan Coun -y North Carolina, this is -to notify all persons having claims against the estate of said de ceased to exhibit them to the undersigned at Edenton, North Carolina, on or before the 9th day of February, 1963, or this notice will be pleaded in bar of their recovery. All persons in debted to said estate will please make immediate payment. This August 9,1962. PEOPLES BANK & TRUST COMPANY, Executor of Estate of Eva F. By rum. Aug 9,16,23,30 Glenmore 1 DISTILLED T 1 London Dry fiH * gin mjm Glenmore London Dry GIN ***‘ > * t MUUIi »»*■ MM cu.mimi iwnuiiiu -00 PROOF %jj=====^s 100% GRAIN NEUTRAL SPIRITS , OLENHOBE DISTILLERIES CO. "WHERE PERFECTION Os PRODUCT IS TRADITION" LOtIISVIIIF, KENTUCKY I NOTICE OF SALE North Carolina. . Chowan County. I Under and by virtue of the power of sale in a certain deed of trust executed by Willie ■Overton, aated tne Uth day of ; February, 1956. and recorded in Book 69, page 499, in the office of the Register of Deeds of Cho wan County, North Carolina, de- 1 fault having been made in tne payment of the indebtedness thereby secured and said deed j lof trust being by the terms ! thereof subject to foreclosure, the undersigned trustee will of ! fer for sale at public auction to ; highest oidder for cash at I the Court House door in Eden ! ton. North Carolina, at 12 o’clock noon on the 17th day of Sep -1 tember, 1962, the property con veyed in said deed of trust, the same lying and being in Yeopim I Townshio, Chowan County, North Carolina, and described as follows: i Beginning at a ditch, the northwest corner of the land belonging to John Jordan, Sr., thence running south 4 deg. ] west 400 feet to an iron stob; j thence north 87 deg. au mm. west 332 feet to an iron stob in the line of O'. C. Byrum estate; thence north 5 deg. 15 min. east j along the line of the late O. C. I Byrum land 420 feet to the cor ner of the land sold to Russell Cox; thence south 82 deg. east 330 feet to the place of begin ning, containing three and one tenth (3.1) acres, more or less, and being the same land con veyed to Willie Overton by Wil liam Stallings, by deed dated Jarmafy 20, 1956. This 14th day of August. 1962. JOHN W. GRAHAM. Aug16,23,305ep6 Trustee. ADMINISTRATOR'S NOTICE Having qualified as Adminis tratrix of the estate of James T- Sampson, deceased, late of Cho wan County, North Carolina, this is to notify all persons, firms and corporations having claims against the estate ot raid de ceased to exhibit ‘hem to the undersigned at Edenton, North Carolina, on or before the 2nd day of February, 1963, or this notice will be pleaded in bar of tfieir recovery. All persons in debted to said estate will please •make immediate payment. I This July 29, 1962. { DOROTHY E. SAMPSON, 1 Administratrix of James T. Sampson Est. Aug2,9,16,23c North Carolina In The Chowan County Superior Court I NOTICE SERVING PROCESS I BY PUBLICATION Keith J. Reeve, .Administrator of Estate of Harley B. Button, de i ceased, Petitioner, | vs. Mrs. Ila P. Batton, widow, Clif ford B. Batton and wife. Mrs. Clifford B. Batton, Donald H. Batton and wife, Mrs. Donald H. Batton, Eugene Batlon and wife, Mrs, Eugene Patten Hor ry D. Kashouty, Administrator of Estate of Harley B. Batlon, ®. T. pickier ana Dongm | Faircloth, Defendants. To Mrs. Ila P. Batton. widow, Clifford B. Batton and wife, Mrs. Clifford B. Batton, Donald H. Batton and wife. Mrs. Donald .H. Batton, Eugene Batton and wife, Mrs. Eugene Batton and Henrv D. Kashouty, Administrator of Estate of Harley B. Batton, de ceased— lake notice that A pleading seeking relief against you has been filed in the above entitled action. The nature of the relief being sought is as follows: A special proceeding brought by petitioner to have one-third undivided in ON ALL GULF-TIRES! / i * A ”^| ion 9sl • mack 01 - White .|P C ||JV GULF;CUSHION q r mrm • Rayon—Blackwall— jy m # 3 \ netn»ent' > danviie) intentional, or Evety Gulf • Tire at Big Savings. See your nearest Gulf dealer j!rice'TOne«!^ l ta' , IS' ,ta, «^o" e °° r t°e ,, pur?hasJ (listed below. ■= B =«»**^*aa=M*=a==== = i ==== w Coastland Tire Co. ) Telephone 4303 Edenton, N. C. U. S. HIGHWAY 17 NORTH terest in real property in Eden ton, North Carolina, sold to make assets to pay debts owed credit ors in North Carolina and else where. You are required to make de fense to such pleading not later than' September 30, 1962, and Notice 1 To Administrators, Executors And Guardians The law requires an A\M AL AC COCM to he made each year and an Inventory to he filed within 90 days after qualifying. If vour Annual Ac count. Inventory or Final Account are past flue, we respectful!v urge that you file same at once, as we are required to report all such eases to the Cram! Jury, which will convene at the September term of Chowan County Superior Court. Sept. 10th. VCH R COOPERATION WILE PE VERY MI CH APPRECIATED! LENA M. LEARY Clerk of Superior Court PAGE THREE TWV upon your- failure to ,do so the ; party seeking service against you will apply to the court for the relief sought. This 18th dav of August, 1962. LENA M. LEARY, Clerk of Superior Court Aug23,30,5ept.6,13,cJG
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 23, 1962, edition 1
11
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75