Section C
Rep. Walter B. Jones Reports
Last week for the first time in
my political career I felt
compelled to vote “present” on
a legislative matter. The bill
involved regulatory action by
the Congress between banks
and Savings and Loans
Associations. Since I am
presently a Director of a large
Savings and Loan Association, I
felt it proper to abstain from
voting either yes or no, thereby
eliminating any possible
conflict of interest which hiight
have existed.
On May 10, the House in an
unprecedented action, amended
an appropriation bill to provide
that no money contained therein
could be spent on land, or in the
air, or off the shores of
Cambodia. Several times in the
past, the House has failed to
take a positive position on its
opposition to the fighting in
Southeast Asia. The margin by
which this mandate was
approved was rather
surprising, for it carried 219 to
188. The question concerned the
transfer of $430 million of
Defense funds within the De
partment. The opposition was
based on the fact that it was
believed that these transferred
BEDDING PLANTS
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'| GUTTERING INCLUDES:
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10’ OF DOWNSPOUTS
1 INSIDE MITRE
1 OUTSIDE MITRE
3SUP JOINT CONNECTORS
2 END CAPS
1 END PIECE (with outlet)
2 ELBOWS
15 STRAP HANGERS
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THE CHOWAN HERALD
funds would be used to continue
the bombing of Cambodia. So,
the first motion was to refuse to
permit the transfer of the funds
to the end that they would have
to be spent for the purpose for
which they were originally
appropriated. The second
motion which carried by an
even greater margin, 224 to 172,
was the one which provided that
no monies could be spent for
land, air, or off the shores of
Cambodia. The fact which
troubles many of us is that this
Administration is making all
sorts of concilliatory gestures to
both Russia and Red China.
This includes, of course,
generous low interest,, long
term credit to Russia in order
that they might purchase our
grain and other food stuffs. So,
if we are attempting to
compromise our position with
these two large Communist
nations, it hardly seems logical
that we should be fighting
communism in Cambodia. In
other words, it puts this nation
in the position of saying there
are “good communists and bad
communists.”
This office shares the
concern of many regarding the
threatened oil shortage, and
more particularly, as it might
adversely affect the tobaccc
curing during the coming
montift. In an effort to be of
assistance, the Congress has
approved legislation which
permits the President to
allocate quotas to different
sections of the country to meet
agricultural, medical, and
public needs. So, on May 10, the
U.S. Department of Treasury
announced a voluntary
compliance plan with a promise
that if this fails, more stringent
measures will be taken by the
Administration. Basically, it
provides that each refiner,
marketer, jobber, and
distributor will agree to make
available in each state to each
of its customers, the same
percentage of its total supply of
crude oil and products that it
provided during each quarter of
a base period. The base period
is the last quarter of 1971 and
the first three quarters of 1972.
Kaow Your
Social Secwity
By DONALD S. MORRIS
Field Representative
Most' area farmers are
familiar, with the farmer’s
option on figuring their self
employment income for social
security purposes. Briefly if
permits a farmer who does not
clear S4OO from his farming
operation to report 2-3rds of his
gross income up to a maximum
of SI6OO.
This method of computing
self-employment income was
limited to farmers only. The
1972 social security
amendments have changed this
and it will be available to all self
employed people for taxable
years beginning after 1972.
For non-farm self employed
people there • are some
restrictions in using the option.
First, you must have had at
least S4OO net income from self
employment in two of the three
years immediately preceeding
the use of the option. Second, it
can only be used five times. For
more information get in touch
with your social security office
at 401 S. Dyer Street, Elizabeth
City, N.C.
Edenton, North Carolina, Thursday, May 17,1973
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course. When Col. Harland Sanders heard that 19-year-old Constance Dorn of
Kinston had never seen a running of the historic Churchill Downs horse race, he
invited her over as his guest. The two took time out during last Saturday’s Derby
to pose for photographers—and to talk about the upcoming Miss North Carolina
Pageant. The 82-vear-old founder of Kentucky Fried Chicken will be honorary
chairman of the event again this year. More than 60 girls will be competing for the
right to succeed Miss Dorn when she relinquishes her crown on June 16 in Char
lotte.
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AT GOODYEAR MB UU LOW MONTHLY FAYMENTS
1029 North Broad Street Across From Northside Shopping Center
„ , STORE HOURS: Phone 482-8488
Monday Thru Thursday: Friday: Saturday: t a ■. «
•:30 A. M. to 6KM P. M. BA.M.toB P. M. 8:30 A - M. to 1K)0 P. M. EdentOrt, N. W.
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Degree Earned By Dr. Banks
CHAPKL HILL - Dr.
Kenneth Banks of Edenton
received the degree of doctor of
medicine (M. D.) from the
University of North Carolina
School oi f Medicine at
commencement exercises here
Saturday.
He is the son of Mr. and Mrs.
David Banks, Route 2, Edenton.
Dr. Banks will serve a year of
internship training at Franklin
Hospital in Baltimore, Md.,
beginning July 1.
He attended D'. F. Walker
NEW COCONUT
At least one firm has
come out with colored
and flavored coconut.
Chocolate, lemon, orange
and peppermint varieties
feature the familiar
shredded texture but with
new flavor and color,
says Mrs. Ruby Uzzle,
extension consumer
marketing economist.
North Carolina State
University.
For
MARL ROCK-FILL DIRT
AND
LOT CLEARING
CALL
OSCAR GRIFFIN
Phone 482-2859
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Section C
High School in Edenton and
completed his pre-medical
studies at Livingstone College
in. Salisbury.
Dr. Banks is married to the
former Olga Pamela Jones,
daughter of Dr. and Mrs. F. W.
Jones of Raleigh.
DR. KENNETH BANKS
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A Herald Classified.