Page 10-B
New Books Received
New books received by
Shepard-Pruden Memorial
Library include the
following:
“Mistress Nancy”,
Barbara Bentley;
“Stillness”, Nicholas
Delbanco; “The Hidden
Target”, Helen Mclnness;
CARD OF THANKS
The family of Myrtle
Furlough Ambrose wishes
to express its deep gratitude
to the doctors Richard
Hardin, Edward Bond,
Robert Lane and Mark
Walsh for their tremendous
efforts in caring for our
mother while a patient at
Chowan Hospital. Their kind
attention and generous time
devoted to her will never be
forgotten by us.
Also the nurses who cared
for her are to be com
mended for their kind and
compassionate care.
Our many thanks to Rev.
Baccus and Rev. Gloeckler
who ministered to her and to
us during this most difficult
time.
God bless you all.
The Family.
Pd.
Clothing Closet
OPEN
Mondays & Thursdays
2:00 pm to 5:00 pm
Located on North Broad Street next
to the Chicken Kitchen
Sponsored by all churches
All items
50'
5 * A AND A GOLD EXCHANGE OFFERS 5
i* INSTANT CASH ... VF > l
o GOLD WE PAY THE TOP PRICE FOR GOLD & SILVER , s
l thurs.-fri.-sat.-sun. SSh. I
SS COACH HOUSE INN, ROOM 30 ~™; o$llve . e
WEDDING BANDS . - - ■ ■ TABLEWARE A JEWELRY R
PINS WE GUARANTEE THESE PRICES knives - bracelets
asssr .js .s 5* = “
GOLD TEETH Average (23g) 118.00 89.00
. |t Large (32g) 184.00 123.00 ANYTHING MARKED
Any rams marwa Oversizes )50 g) 237.00 192.00 STERLING
10K -14 K -18 K WEDDING BANDS 18K 14K 9 Dive AMIW
REGARDLESS OF CONDITION Very Small ( sg) $ 40.00 * 26.00 0 UAIO UNLY
Average ( 7g) 34.00 36.00
3 DAYS ONLY on .... w .«. WE COOPERATE WITH
WE COOPERATE WITH U _ « THE LOCAL POLICE!
THE LOCAL POLICE! , _ , ,
“Photo Finish”, Ngaio
Marsh; ‘’Different
Families”, Alison Skelton;
“Birds of Winter”,
Theodore Vrettos; “Hit
chhiker’s Guide To The
Galaxy”, Douglas Adams;
“Sister Wolf’, Ann Aren
sberg; “Stories of Ray
Bradbury”, Ray Bradbury;
“Trapp’s Peace”, Brian
Callison; “Lost Laughter”,
Barbara Cartland; “The
Many-Forked Branch”,
Ewan Clarkson; “The
Hastings Conspiracy”,
Alfred Coppel; “Letty”
Clare Darcy; “The Very
First Lady”, Steve
Dunleavy; “Rites Os
Passage”, William Golding;
“Jack The Ripper”,
Richard Gordon; “Sea
Story”, Ronald Johnston;
“The Wizard’s Daughter”,
Barbara Michaels; “Sweet
Adelaide”, Julian Symons;
“Final Notice”, Jonathan
Valin; and “Seven Minutes
Past Midnight”, Walter
Winward.
The library will be closed
for the Thanksgiving
Holiday November 27 and
November 28 - Thursday
and Friday. We will be open
on Saturday Nov. 29th from
9:30 til 1:00 P.M.
WASHINGTON —The thought has occurred to me on
numerous occasions that some sort of consideration ought to
be given to limiting the number of consecutive terms that
Members of Congress —both Senators and Members of the
House of Representatives—can serve.
I'm not certain in my own mind, at this point, what the
precise limitation should be, but I have been working on a
proposed constitutional amendment that would specify some
sort of limitation.
The point is that there have been so many instances of
"empire building" on the part of both Senators and Represent
atives after they have been in office for 20 years or more. They
have acquired enormous power, using the support of pressure
groups—and that power has often been abused to the detriment
of the American people.
PRESIDENT? —Moreover, I am wondering if the citizens
of this country would not be better served if the President and
Vice President of the United States were limited to one six
year term.
I suspect that I will not win a popularity award for
making these suggestions, but I believe there is substantial evi
dence that far too much emphasis is placed on getting reelected
these days. As the saying goes, too many people in Washington
think about the next election instead of the next generation.
I have heard it said many times that various Presidents
began thinking about being reelected on the day they were
sworn in for their first term. It has been argued that four years
is perhaps too short a period of time for a President to get very
much done —hence the suggestion that the President be given
an extra two years, with the constitutional prohibition against
his seeking consecutive reelection.
SENATE —I have first-hand knowledge only of the
Senate, but I suspect the same is true with the House of
Representatives—that too many votes cast by Members of
Congress are "political votes."
In fact, on many occasions I have heard Senators frankly
acknowledge that they voted a certain way on various issues
because of the criticism they would receive from their news
papers back home if they voted otherwise. There have been
times when I have proposed legislation, only to see it defeated
by a handful of votes cast by Senators who were unwilling to
"take the heat."
I remember one prominent Senator who came to me after
a vote on one of my amendments; he said: "That was a good
amendment, and in all honesty I wish it had passed. But if I
had voted for it, the newspapers in my state would have chewed
me up."
I was tempted to respond (but didn't): "What do you
think they do to me?" I don't feel that votes should be cast on
the basis of probable criticism —by newspaper editors or any
one else. But that's the way the system works.
THE CHOWAN HERALD
REPORT FROM
U.S. Senator
JESSE ★★
HELMS
Farmers Must Re-Think Priorities
(Editor’s Note: The.
following editorial in
formation was submitted by
Charles A. Harvey, senior
vice president of Peoples
Bank A Trust Company.)
ROCKY MOUNT - For
many farmers in North
Carolina, the 1900 drought
was real. Net income for
some will be a defidty
figure, some will squeeze
by, a few will make it, and
less than a few will make
real profits.
Now comes decision
making time. The question
is • will you make planned
rational decisions or will
you have someone make
decisions for you?
Historically farmers have
always come up with the
right answers and proven
their ability to rebound. 1960
then, is really not just a
disaster year, it is a
challenge year, and the first
challenge is to organize your
thought process to make
Coastal Prices Higher
If you have timber to sell
in North Carolina, you are
lucky to be living in the
Coastal Plain.
Timber prices in the
Coastal Plain are nearly
always higher than those in
the Piedmont and moun
tains of North Carolina.
Leon Harkins, specialist
in-charge of forestry ex
tension for the N. C.
Agricultural Extension
Service, attributes the
difference mainly to keener
competition, better logging
conditions and better soils
for growing trees in the
Coastal Plain.
The advantage that
Eastern North Carolina
woodland owners have is
illustrated by recent timber
price information from,
around the state.
Generally, timber prices
have been down because of
the recession and poor
housing starts. As a result,
Harkins says, this hasn’t
been a good time for many
wise «decisions.
In organising your
decision making procam,,
you should commit yourself
to certain disciplines.
Them diadplinea include:
1. Face up to your
situation now! Tdl your
creditors what your
situation is and be a
cooperator.
2. Be willing to listen to
advice, be willing to adjust
your style of operating, and
be willing to analyze each
specific enterprise in your
operation from a
profitability standpoint.
(The best way to farm for
pleasure is to farm for
profit)
3. Get the facts from the
right source! Don’t depend
on your neighbor to know all
the rules. If you need funds
through a disaster loan
program, ask the man in the
bussiness.
4. Clean house - if you
don’t need it sell it!
5. Keep a positive attitude
timber owners to sell.
However, prices for
southern yellow pine in the
Coastal Plain are running
from $l3B to S2OO per
thousand board feet,
depending on size, volume,
logging conditions and
competition. Prices in the
Piedmont are $75 to $155 per
thousand, while those in the
mountains are only $55 to
$l2O.
Differences also show up
in the price of pine pulp
wood. The average in the
Coastal Plain is now about
$9 per cord, while the
average in the Piedmont is
$8 and that in the mountains
about $6.
Harkins describes the
overall demand for timber
as “fair.”
“If I had high quality
mature timber, I would
consider selling it because
this type timber is in strong
demand,” Harkins said.
- Remember who your
partners are.
After developing your
discipline list, determine
what the immediate
dedsfens you must make
are:
1. How do you divide up
your cash and inventory
without violating any legal
claims your creditors have?
2. Can you raise cash from
your other resources to
satisfy your 1980
obligations?
3. Will you liquidate or
assume more debt through
refinancing on disaster
loans and hold on for the
agridutural boom that you
have been promised in the
1900’s?
4. If you take on more
debt, what terms and
conditions will be necessary
to fit your repaymennt
ability?
Finally, before you go in
for “confession,” determine
what your real financial
situation is and develop
plans that you can sell to
your creditors that reflect
your ability as a manager.
R. Elton Forehand Agency
WATERFRONT HOME On Chowan River, ex
cellent location. 100 x 200 lot, 3 bdrm. brick veneer. One
story, year-around a-c, with heat pump. Also has
fireplace.
EXCELLENT BUY Permanent dwelling, 2 bdrms.
Ideal bungalow, custom built glassed porch that could
be used for 3rd bdrm. Also has screened porch. Large
storage utility building included. Arrowhead Beach.
LOCATED ARROWHEAD BEACH Large 2 bdrm.
mobile home, permanent with side room added. Also has
carport with out-building for tools. Completely fenced,
lot.
EXCELLENT BUY—’jr» in Cape Colony with
mobile. Located in iCIIIJLJe thicket. Includes
septic tank and is to county water system. •
DOUBLE WIDE Three bdrms., ready for oc
cupancy, less than 2 years old. Priced to sell now.
Located in Arrowhead Beach.
j m 214 South Broad Street
I tmo- Edenton, N.C. (919) 482-2102
Thursday, November 20, 1980
These two important actions
must be accomplished
before any commitment for
refinancing, extension or
1961 operating fends can be
made. More specifically
you should:
1. Take complete and
accurate inventory of all of
your assets and liabilities.
2. Develop an operations
plan. Analyze the options
that are available to you.
(This should include style of
operation, expansions,
reductions, leases on
rental agreements, con
tracts, management ex
pertise, markets and risk
protection.)
In following this outline
you will know what the real
questions are, you will
establish disciplines that
will cause you to make
better decisions and you
will have determined what
you have to work with and
how you want to do it.
Remember, that while
your ultimate question may
be CREDIT • the creditors
question must ultimately be
YOU!!!