—WECTKMI OWE
PAGE SIX
NATIONAL OUTLOOK
RGSOBfiEHAOSm ■'
Job Creation In Historical Perspective
There is one critical phase of
the economic picture on which
no one is especially optimistic
at present. Unemployment re
mains at approximately six per
cent of the labor force. Inform
ed observers don’t expect it to
‘ improve much in the near future
and some think it may approach
seven percent by the end of
1963.
The problem in a nutshell is
this: during the past five years
we have been adding to our la
' bor force—the number of people
able and willing to work—at the
rate of about 780,000 per year.
• But we have been creating new
jobs at a net rate of only about
570,000 per year.
What is really alarming is that
v.'e are on the threshold of a
m ich more rapid increase in the
* 1 ’ %force. The post-war babies
v. ill be coming on the job mar
i H in increasing numbers and
, t !, e labor force will increase bv
5 about 1,400,000 persons annually
d ring the rest of this decade.
: 'n other words, the process of
j. b creation has been unable to
l>oep up with labor force growth
cf one per cent a year, and now
we are faced with a period when
the rate will rise to about two
’> per cent.
Yet when the problem is put
1 in historical perspective there is
no real cause to view it as hope
: less. During the latter decades
! of the nineteenth century, when
immigration was at its height,
the labor force increased at a
still faster rate —about three per
cent annually. Although there
were intermittent periods of un
employment in this era, by and
large we were abje to make jobs
for these people.
Why then do we seem to find
so much difficulty providing jobs
for a one per cent annual in
crease in the working popula
tion when we were once able "o
take a three per cent increase ii
stride? There is one fact whi h,
in this column’s opinion, is cen
tral to the explanation. In the
lptter part of the nineteenth
century we were setting aside, in
the form of savings and invest
ment, a much larger part of our
national income than at present.
After all, people can’t be put
to work and paid wages unless
their output is great enough to
make the arrangement worth
while to their employers. This
means that they must be well
equipped with tools, machinery,
and all the other things they
need to work efficiently. Ail
these things are capital and they;
must be paid for out of the sav- i
ingsj.of the population.
It! is surprising but well
docuhnented fact that the rate of
net savings is now much lower j
than it was three-quarters of a
century ago. According to sta
tistics of the National Bureau of
Economic Research, in the period
1869 to 1888 the share of our
national which was saved (and
therefore appeared as a net in
crease in the nation's store of
\ j\M f 1 rest easy, make more money -
my tobacco's being cured
DEPENDABLE! V You can takea real rest when you cure with Gastobac—the safest way,
i for perfect tobacco curing every season. With Gastobac in your (
m ■ m y barns, you need to keep a constant check on temperatures. •
mk £ I ffcftAf A#» = Gastobac’s automatic thermostat controls the entire burner system
Lyif S in each barn. You just set the curing temperature desired ... Sfld
V , the thermostat automatically throttles the burners, when your
_ \ / - desired heat setting is reached, to maintain an even flow of warm air
rm {jn C a / throughout the barn. You can leave your bam unattended without
3 ■ M J ■ whr" y" 11 Vn '" g r.agtnhar amnmatir fnWrrt hirers are
T m on ttie job. Make more profit—with less work and less worry the safe
|§§ J Gaatobac way, and Gastobac costs less than standard oil curing systems,
See your local GAS AUTOMATIC GASTOBAC outsells any other tobacco CUMNG SYSWM?
WESTERN GAS & FUEL OIL SERVICE
Dial 482-3122 81? 9. Broad Street ; Edenton, N. C.
capital) was 14.6 percent. In
the period 1946 to 1955 the per
:entage had sunk to. 7 0 per cent.
This is astonishing, since us
ually as an individual’s income
increases he tends to save a larg
er percentage of it. Apparently
as a nation we have been doing
he reverse. Here is one import
ant clue to the difficulties we
are experiencing in making
enough new jobs.
The problem of job creation
will be one of the central issues
jf our time. Future columns
i will return to the subject.
20 YEARS AGO
Continued from Page 1, Section 1 I
Charges against Chief of Police
G. A. Helms for illegally selling
a revolver were nol prossed in
Recorder's Court.
Mrs. Nathan Dail was elected
president of the Edenlon Parent-
Teacher Association.
In a drive to curb wholesale
war-time loafing in the man
power situation, law enforce
ment officers agreed to aid the
Draft Board in rounding up
able-bodied men to work or
fight during the manpower short
age.
William Vicks, Chowan County
Negro, found guilty of rape, was
sentenced to die by Judge Walter
Bone in Chowan Superior Court.
Twelve prominent Edenton
citizens agreed to serve as mem
bers of the Committee of Man
agement of the Edenton USO
Club. They were D. M. Warren,
R. N. Hines, J. H. Conger, Sr..
W. J. Taylor, the Rev. Lewis F.
Schenck, J. A. Moore, Lieul-Col.
Z. C. Hopkins, Mrs. W. I. Hart.
Mrs. W. W. Byrum. H. S. G.
Verlander, John A. Holmes and
Mrs. J. E. Wood.
County Agent C. W. Overman
was informed by the State Soil
Conservation Service that the
Bear Swamp drainage area had
been selected by the federal gov
ernment as a demonstration.
Eighteen while boys from Cho
wan County were inducted into
the U. S. Army. ‘aasrar-a:-:
John Wilkins, a colored man,
was found dead at a house near.
A. R. Spruill's saw mill at Val
hella when a lighted cigar set
fire to a bed while he was sleep
ing.
Mrs. R. F. Tuttle was re-elect
ed president of the Beaver Hill
Cemetery Association.
BLUSHED EOXSCORE
ON N.C. HIGHWAYS
Raleigh The Motor Vehicles
Department’s summary of traffic
deaths through 10 A. M-, Mon
day, April 8, 1963 follows:
Killed To Date 275
Killed To Date Last Year 286
THE CHOWAN HERALD, EDENTON, NORTH CAROLINA. THURSDAY, APRIL tl. T9**.
WHEELING AROUND—Fritzy, a 6-year-old dachshund from
Chicago, gets an application of wheels to help him get
around while he waits for a slipped spinal disc to heaL
cmc calendar]
Continued from Page 1, Section I
the Taylor Theatre Friday, April
12. It is sponsored by the Eden
ton Jaycees with profits going
to the hospital loan closet.
A civil term of Chowan Su
perior Court will be held the
week beginning Monday, April
291 h.
Annual fish fry of the Men's
Class of the Fdention Baptist
Church will be held Friday
night. April 12. at 6:30 o'clock
at the American Legion building.
The local N. C. department of
Revenue office will be open
April 8 through April 15. except
Saturdays, from 8:30 A. M.. until
5 P. M„ to assist in filing N. C.
state income tax returns.
Mrs. John White's third grade
and Mrs. J. J. Ross' kindergarten
class will present a play, "The
Toy Shop,'' in the Edenton Ele
mentary School auditorium on
Tuesday night, April 23, at 8
o'clock.
Fifth annual spring fishing
contest sponsored by the Edenton
Chamber of Commerce will be
in progress through Saturday,
t ENGRAVED OR PRINTED
all types of me is 1 printing is ac your J
command. We will he glad to make sug- jyw||F
gestions. show you samnles and quote
prices ... all without me slightest c 1 *- 'v rr
Wedding Invitations Jr fj iß*
and Announcements y— -J / j
In the wording, design and printing of \ / gOj
the formal Announcement or Invitation, \ / rq'
it is of the utmost importance that cor- V'’*^
rect form be observed. Our familiarity * TP
wit), the established customs applying to
quality printing will assure you satis- C C 1
f actio n See Samples at
The Chowan Herald
June 29.
An Easter sunrise service will
be held at the Center Hill
Methodist Church Sunday morn
ing, April 14, at 6 o'clock.
Classes for Civil Air Patrol
pilots and future pilots will be
held Friday night at the opera
tions building at the Edenton
airport.
A Maundy Thursday service
will be held tonight (Thursday)
at the Methodist Church at 8
o'clock.
Edenton iiotanans will meet
this (Thursday) afternoon at 1
o'clock at the Parish House.
Edenton Jaycees will elect
new officers at their meeting to
night (Thursday) at 7 o'clock at
the Edenton Restaurant.
Chowan Tribe No. 12, Im
proved Order of Red Men, will
meet Monday night at 8 o'clock.
Rocky Hock and Macedonia!
Baptist Churches will hold a
joint Easter sunrise service at the
Rocky Hock Church Sunday
morning. April 14. at 6 o'clock
A slated communication of
Unanimity Lodge No. 7, A. F. St
A. M... will be held tonight
(Thursday) at 8 o’clock.
Chowanoke Council No. 54,
Degree of Pocahontas, will meet
tonight (Thursday) at 8 o'clock.
William H. Coffield, Jr. Post
No. 9289. Veterans of Foreign
Wars, will meet Tuesday night
at 8 o'clock.
Edenton Chapter No. 302. Or
der of the Eastern Star, will
meet Monday night. April 15. at
8 o'clock.
Ed Bond Post No. 40 of the
American Legion will meet Tues
day night. April 16. at 8 o'clock.
Stores in downtown Edenton
will be closed Easter Monday,
April 15.
Fishing Contest
Brings Whoppers
Continued from Page 1. Section 1
officially weighed in.
Russell D. Chappell of Tyner
had the pleasure of bringing in
several of these well-muscled
fighters, the largest of which
may well bring in the top award
in the largemouth bass division. I
The runner-up at the moment,
said Dr. Ed Bond, Recreation
Committee chairman, is one boat
ed by Wallace Haggard of Wind
sor, a 20-incher weighing in at
five pounds and a quarter.
The heaviest crappie entered
to date, a 13-inch, pound and
one-half female wrestler, that
was caught by L. W. Stallings
of Edenton. Classifications still
to be heard from are rock, bream
and white perch.
Will the early entries get the
awards? Let’s show the world
we also have 8-pound largemouth
bass, the kind they brag about
in the “missile state.” And how
about a native rock weighing a
“stone?” (14 pounds).
Driver License Office
Will Close Two Days
The Edenton automobile driver
license office at the police sta
tion will be closed Monday.
I April 15, due to observance of
'Easter Monday.
The office will also be closed
Tuesday, April 23, flue to a dis
trict meeting scheduled to be
held at Greenville.
♦ JBk£
COOL ART—Pole of ice is the
main support for this char
acteristic figure that took its
position in the ice figure com
petition at an annual univer
sity wintepMniival in Mont
real, Capa#tp v
BIRTH ANNOUNCEMENT
Mr. and Mrs. Bob House of
the birth
of a daughter, Bonnie • Lynn,
born Monday/.' April 1. (Mrs.
House is the former Miss Bonnie
Sue Smithwick, daughter of Mr.
and Mrs. Ralph Smithwick of
Merry Hill.
I
J.WDANT
7 YEARS OLD
. , •■* »r.. . v A- ....
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K-V
Mil 86 PROOF
ggj KENTUCKY
* tTI STRAIGHT
■i BOURBON
JBI WHISKEY
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fgf *£“
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THE DANT DIStILtfRY COMPANY, CANT, KENTUCKY
'! . . ;. - • • •.. ..■!
By mm Winners ,j
At Trade Fair,
There were two winners at the
drawing held at the Trade Fair
last week by Byrum Hardware
Company. Each received two
gallons of DuPont Lucite paint;
and were Mrs. N. D. Dail and,
Mrs. Josephine Hollawell.
LIONS CANCEL MEETING
Edenton’s Lions Club has call
ed off its weekly meeting next
Monday, April 15. Cancellation
of the meeting is due to the
observance of Easter Monday.
AZALEAS
We have the finest lot of azaleas in 2/3 yr. size in Snow
(white) Coral Bell (pink) Hino (red) all have from 5 fa 7
branches, and are without doubt the finest we have ever
sold, fine roots packed in peat moss, truly a fine plant- Buy
as many as you need now, and this Fall you will h«ye a
plant worth three times what it cost, truly a wonderful value!
special 17c ea.
(add 50c per doz. postage)
1000 E verblooming Roses, nice, $1.50 value 79c
40000 3/4 yr. old Azaleas, with buds and blooming 49c
)
We have a large supply of Bedding Plants including
Scarlet Sage, Petunias, Snap Dragons, and other plants.
Azaleas are now in full bloom; come to see us as we
have some nice Shrubbery, and our prices are right!
LEDO FARMS
j GROWERS
HIGHWAY 125 HAMILTON. N. C.
I Mayo President Os
Clttb
J Continued from Page 1. Section 1
units represented at the
Albemarle Schoolmasters’ Club,
i Mr. Miller stated that the J>ro
! fessional personnel employed'
i from local funds and those hold
ing Graduate and Class A cer
tificates had shown an increase.
He stated that the financial re
port card for Northeastern North
Carolinb was an improvement
over of ten years ago.
TRY A HERALD CLASSIFIED