Newspapers / The Chowan Herald (Edenton, … / June 18, 1964, edition 1 / Page 3
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tu Stormy, or GomraHy Pifet Last Weelc we discussed in j this space the qtfestttth of when' the neict business doWntufti Will 1 begin, But more important than “When” is the question of “how bad”. Will it be a minor tem porary readjustment or arts we in for a major setback that cottld plague us for a prolonged pe riod? . * This writer recently listened tt> a discussion -of the business out look by a group of top-flight in dustrial economists. He began 1 to Wish he hhd taken up dome feasy 1 field of study, like higher mathematics, instead of econom ics with all its doubts ahd com plexities. ' " The views of this group, and of Other knowledgeable pOopfe whose opinions have appeared recently in print, range from ex treme optimism to extreme pessi mism'. We will 'try here to sum-, marize. briefly , these two ex-! tremes, recognizing that np one individual would agree that eith er description does justice to his own opinions. Divergent Views The extreme pessimists believe that disaster lies ahead because we have been retying On exces sive expansion of 'credit to sus tain prosperity. We have had an inflation in recent years, al though it hasn’t expressed itself j in rising Commodity prices. The| situation, according to proponents | of this view, begins to look omi nously like 1929. Credit expan sion can’t go on forever at this rate, ahd when it states revers ing itself the process will be like a snowball fdlllhg ’downhill. It is not clear when the reversal -will occur, but the longer it is delayed the Worse it will be. At the Opposite pole; there is a school of extreme optimists who believe that we will have, between now and 1975, the greatest business boom in his tory. Population -growth and family foiiWatiort wTtt be rapid and ample money and credit will be provided for meeting the re sulting needs. The new empha sis in federal fiscal policy on tax cuts, rather than spending in creases, will biioy up business confidence. The economy has grown up to the productive ca pacity created in the 1950’s ahd there will be a new boom in capital spending. Although set backs may occur from time to time they will be brief and mild. This column’s own view? We would not place ourselves at either end of this spectrum, but not at the exact center either. Say halfway betweep the center and the optimistic view. The economy will grow in the next ten years afo around the historical Fate, which isn’t bad wh^n> 'you think of it. Re cessiyqs will occur from time to out they will be distressing rather than disastrous, t Os course, major mistakes in national policy would upset this relatively rosy forecast, as the most optimistic economists recognize. But thtfiyrffbtakes we have made so far in the post war period,/ Serious though they h4Ve‘Be*n, nave not as yet made dkaster inevitable. !'One other caveat: even if we I ■ ,JV • * . .■•■{/ \. <,c Think of ail the cars you could buy for under $2,4000° Now think of this: Wouldn't you really rather have a Buick? m / — ■ rz \> üßj 1 64 B * k S 2 343^ Suo«*«M RiUil Pric* for Soodal V« 2 door Man. Prtca inctudas rdlmbursvmant tor F*d»ra' E«e»o* Ta« tnd W** < o«stf d Oifctfe owivtry and WemdUiSf Charges charges, accessories, optional equipment, state and local taxes additional)* //., : v SEE YOU* LOCAL AffTHOMZEO WICK DEALER. AUTHORIZED BUICK DEALER 01 THIS AREA: '_r .-_ Sunbiiry Youth I lnds Rock In Dare County Waters WBKm mJmt & a pp W m mB A *■ I H,i ijP j * V ± „ M'lv -w* w(SI ****** y*^** l^^ •* ufM jm Bill Jackson. 15-y#a*-eM son of Mr. and Mrs. Dallon Parker of Sunbury, landed these two fish in Dare County waters wh-1* trolling with his grandfather, Wasson White of Edenton. using a rod and reel with pet sneon bait. Bill's excitement over the catch of the 7-pound rock held by his n:ne year-old brother, Murray (r.ighi), mounted when he brought in the 15-pounder he is holding. His pride khofrs no bounds 6i having outs!ripped the record of many adult fishermen in the county. have economic growth which | looks good in all other respects it will not be easy to get un employment much below its present rate of 5.4 percent. But this is (he subject of a future column. Over 750 Attend 4'H District Meeting Continued from Page 1, Section 1 ton; Janice Lowery, Trenton; Shirley Gene Bright, Elizabeth City; Nancy Matthews, Hertford; Alice White, Columbia; and Ei leen Jones, Moyock. Simplicity Pattern Co., New York, N. Y. Egg Cookery Mary Alice Tynch, Eden ton. N. C. Egg Mar keting Assoeiaition. Electric (boy)—Gary Salt, Cove City. Tarheel ’Electric Member ship Association, Raleigh. Electric (girl)— Maureen Nixon, Hertford. Tarheel Electric Mem bership Association, Raleigh. Entomology Vickie Whitley, Elizabeth City. Carolinas-Vir ginia Pesticide As sociation, Raleigh; Farmers Co operative Exchange, Raleigh. ■ Farmer Cooperative Janice Lowery, Trenton; Joan Stroud, Dover. Farmers Cooperative Council of N. C., Greensboro. Forage Crops—Sccrttie Whit ford, Grantsboro. The New Jer sey Zinc Co., AUStinville, Va. Forestry—David Boyce, Belvi dere. Southern Bell Telephone and Telegraph Co., Charlotte. Fruit and Vegetabje Marketing —Sue Hollowed, Bayboro. N. C. Apple Growers Association; N. C. Mutual Peach Growers Society. Fruit and Vegetable Produc tion—Phyllis Smith, Bayboro. American Potash Institute. Fruit and Vegetable Use — AHcte White, Columbia. Farmers Cooperative Exchange, Raleigh. \ Livestock Conservation Ron nie Armstrong, Columbia, and jTortimy Cohocm, Columbia. Re public Steel Corporation, Agri cultural Extension Bureau, Birm ingham, Ala Poultry Barbee Paul Cope land, Tyner. Sears Roebuck Foundation, Inc., Atlanta, Ga. ■; Poultry Marketing—Lester Ray •THE CHOWAN HERALD, gPgNTOW, NORTH CAROLINA. THURSDAY. JUNE It. lMt. ■BL - ■- ■—- -- - - -- ■ Copeland, Tyner, and Ariyn Ray Dail, Tyner. Farmers Coopera tive Exchange, Raleigh. Public Speaking (boy)—Burton Brinson, Jr., Grantsboro. Pure Oil Company, Chicago, 11.. Public Speaking (girl) -=- Mary Helen Williams, New Bern. Rural Civil Defense—J. N. Hill, Dover. N. C. Farm Bureau. Sewing—Linda Bright, Eliza beth City. Lily Mills Co., Shel by. Soil and Water Conservation (individual) Ronnie Swindell, Scranton. (Team) —Arnette Co hoon, Columbia and Kenny Bate man, Columbia. N. C. Associa tion of Soil Conservation Dis- VACATION TIRE SALE MONTH OF JUNE 6:70x15 GUARANTEED 18 MOS. $10.36 7:50x14 GUARANTEED 18 MOS. $13.75 TIRES ON HAND FOR IMMEDIATE DELIVERY CALL STEVE HAMPTON Sales Representative, 482-2186 Sears Catalog Sales Office 325 S. Broad SI. Phone 482-2186 Edenton, N. C. tricts. Tobacco—Teddy Jones, Forrest City. Naugatuck Chemical Co., Gastonia. Tractor Operator-—Larry Ask ew, Plymouth. American Oil Co., New York, N. Y. Wildlife—Kitty Reed, Winfall and Carolyn White. Winfall. N. C. Wildlife Resources Commis sion, Raleigh. Talent (blue ribbon group)— Phillip Smithson and Bernard Byrum, instrumental and vocal duet, Chowan County; Vicky Leary, Chris Hollowell, Robin Hendrix and Shelia Byrum, tap dance routine, Chowan County; Sanfra Ange, baton twirling, Chowan County; Gilbert Tun nell, Jr., musical reading, Hyde County; Ronald Griffin, Jack sonville, organ sofb; Larry Culli pher, vocal solo, Pasquotank County; Jane Hearn, vooal solo, Pasquotank County; Susan Stea gall, tap and song, Tyrrell Coun ty; “Blue Tones”, song group, Baker Brewer, Vickers Chappell, Harrison and Peggy Ambrose. Edenton Merchants Open On July 4th Continued from Page 1, Section 1 12,304 parking tickets had been issued the past 12 months for overtime parking and that the 5c overtime parking fine was re sponsible in his opinion for this large number of violations and that if the fine was increased to 25c it would act as a deterrent. The Town Council will consider the matter at their July meet ing. During discussion of the park ing and traffic problem in the downtown business district it was suggested that there might be an ordinance change to allow right turns on red lights at Queen and Broad to expedite movement of traffic in this area Don’t Let Them Fool You On The CIVIL RIGHTS BILL! PREYER HAS TAKEN HIS STAND AGAINST: The Civil Rights Bill and All, Its Sections FOR: The North Carolina Way In Rare Relations Dan Moore has tried to spread rumors ... twisting words and telling half-truths. Don’t let them fool you! Preyer has taken his stand. “We can handle our own problems in our own way, and we don’t need the federal government or anyone else to come in and handle them for us. I be lieve in local initiative, so that each community can approach this problem in its own way.” s/s: Richardson Preyer s./s: Richardson Preyer i. • ' “The only honest thing that any man can promise about handling the race issue, is that he will try to deal with it fairly, honestly, and firmly uncontrolled by ex tremists on either side and with the help of God.” s/s: Richardson Preyer A SPECIAL MESSAGE TO DAN MOORE... If you’re convinced that there is a legitimate issue on either the Civil Rights Bill or race relations, why won’t you debate these mat ters before the people? The Gov ernor of North Carolina must be VOTE FOR PREYER . CHOWXK bower* PEOPLE FOR PREYER. which at times prevents entrance to the municipal lot off Broad Street. Chief Griffin agreed that this change would be beneficial and agreed to investigate such a traffic ordinance change as suggested by the Merchants Committee, which, coincidentally was split 50-50 on a vote to in crease the overtime parking fine to 25c. / Spruill Is Invited To Play In All-Star Game Continued from Page 1, Section 1 Gravely of Murfreesboro. South teams will be Alton Brooks of Lumberton, head coach; with Norman L. Clark of Morehead City and Jack Crenshaw of Ab erdeen, assistants. Last year, the first Boys’ Home Bowl attracted nearly 5,000 peo ple and the Jaycees turned over $5,000 to the Boys’ Home. Included on the north team is Harry A. Spruill, an out standing member of the John A. Holmes High School Aces. Spruill has been chosen for a back position. The wise old soldier is never in haste to strike a blow. —Pietro Metastasio. K B ■ Vi » WHAT COULD 1 a Jsm BE EASIER? M tssal % | 'c*.oss^ tffif if ? ~ ; f Irak ICKER Mrv * r ’ W t,v^ fcftte set! F oitftble. ■ 7 \ A IdAHOaB \ m J ) •*HtW T 7 ft-*** table, I i . t * 8-3303 |s £ I V +J J mllllnf §-4410\ B C -UE : fis F \ 1725 RPI Vh?*a\ Just relaxl Let Want Ads do the jflt job for you. It pay* to use the Want Ad* ~, when you wan* to sell, rent oc fcuy. j JM ft pay* to read the Want Ad* ... for bargains, opportunities galore. e’ r poi £J Bci ctv? ft. site ttt'.hcnl •0 The Chowan Herald 41 Gas tl bam) I ttaifaw pmk.'STTae ihi" T »«**w , JSr7*l'z»* "lumlluft 1 »e»r,Mi>.„lrailwooa. «» ftiaint. fibr*. S Z ' TPCII R. (' 1 “I believe in the North Carolina way of approaching race relations ... the way that avoids violence and preserves law and order for everybody. The people of North Carolina have demonstrated good will and made us all proud to be called North Carolinians”. able to face the pepple, discuss questions, and take a stand. •a ; i Preyer has taken his stand and is ready to debate “any subject, any time* and any place” —SECTION ONE , PAGE THREE
The Chowan Herald (Edenton, N.C.)
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June 18, 1964, edition 1
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