Thursday, February 18, 1962
Genuine Swiss
MBp . V :.vs® »J»L : p IbMbl
■■ ■•■■ V •/••’•'••xSSSp WST^L
Unbreakable \ MNwonKosmuiwMiD
Mainspring* 17, 1982 THRU APRIL 14, 1982
Styles!
SrssrsS SI^ ln T $100,nou ;
attractive Diantus watches i ~ ? ; ¥jjj& R©giSt©F TopeS Qnd
’ and pay just 8.99 each. (18.99 1 purchase any one
without tapes.) Diantus 1 * ° f 6 '9 ht beautifully Styled
largest selling ttf||| SWISS WntrhP9
watchmakers Europe, so i M dWISS WaTCneS
you can /HI Jf £'
dependable, f > The quality and styling of
/?- ' these precision timepieces
Each timepiece boasts quality /Jy., are Superb SO Stop
features such as unbreakable /» A throwing away those
mainsprings that prevent \\ valuable register tapes,
overwinding and rugged \t \\ 4<aaß 'cause you Can now use
stainless steel backs, so \m***'"' , ’|\ them to Save 310 off the
they’re as durable as they are :^B|^ \ V - < purchase price oHhese
Even at their regular retail 1 \ \
remarkable values....but \
only 8.99, the/re downright \ OP«,IUIiy
jj«!§r Priced
B IQ QQ Plus Tax
£ 10.2/5/ Without Tapes
Here's how this spectacular offer works: I
L ' f When you shop, get a tape-saver envelope at the Courtesy
tm* * \* ~ V. I E>esk or .checkout counter. After you’ve accumulated SIOO in
mm *' *r 'B * our register tapes, turn them in and purchase any one of the
IB" » M Eight Diantus watches shown here for only 8.99. Nothing
iHHimi I
Jerry Boucher
Manager
I
THE CHOWAN HERALD
Northside Shopping Center
Edenton, N.C.
Tornado a
Awareness Week
Continued From Page 6-B
Public Instruction and other
interested agencies. ‘’The
main focus of the week will
be a statewide tornado' 'drill
sometime during the week.
Crime Control and Public
Safety Secretary Hemah R.
Clark said, “Since 1916,‘the
first year records werekept,
78 people have been killed
by tornadoes in North
Carolina. Two died : last
year.
“Participation in the
planned drill will only take a
few minutes and will give
everyone who participates a
good understanding-* of
weather they are prepared
to deal with a tornado.
Practicing now may mean
saving a life if people ever
face a real tornado,” Clark
said. '-
North Carolina citizens
are urged to take part in the
drill. Citizens desiring more
information about it should
contact local Emergency
Management Agency “
American Dollar
In Danger
By Bob L'tliffl*
If George Washington
were to re*enact his
legendary coin toss across
the Rappahannock in 1982,
that famed silver dollar
wouldn’t carry the same
weight it did in the 1700 s - at
least not in buying pow.r.
In today's inflated
economy, George would
have to heave H American
dollars instead of one so got
a comparable Value to the
other shore, according to a
North Carolina State
University economist.
“Since the mid-19605' the
dollar has been suffering the
longest Period . , of
devaluation history,’’W ]
Dr. John S. L,app
Lapp, an associate
professor of economics,
teaches courses , in
macroeconomics, economic
theory and finance at NCSU,
and for over a decade! has
studied American inflatii n
trends and publlshdl
numerous articles Wf»' {\ s}
subject.
“Inflation Isn’t intrifisi,
the 20th Century, -i
problem goes all the w
back to the Revolutionai y
War,” Lapp said.
In an effort to pay for the
war, the Continental
Congress’ first economic act
was to issue additional
paper money, Lapp noted
“This great influx of
“Continentals’’ lowered the
value of the currency (and
gave rise to the exP>>*s>i>n
“isn’t worth #, T>nj
tinental”),
arrived,” he said
According to
flation is iflOst tiffing wa?l
in the II.S- followyaiA 3 *
when great a- " N \tflX> o!
money art* pv! l <#■
culation.
“Inflation follew«l thl
Revolutionary \Vttr, thi \Var
of 1812 and the Civil War.
But following the War
Between the StateS, for
almost a half century', until
World War I, our economy
remained constant/’ he
stated.
The inflation that We are
suffering from today h*Bftn
with the enormous ifhln
Vietnam put on BUr
economy. Rut this ' flHle,
unlike other posUWSr
economies, the problem
remains, he said.
There are a number of
factors that cause inflation,
Lapp noted
“Large quantities Os
money in circulation is
usually the big culprit,'’ he
stated. Overwhelming
financial deficits and gn
attempt by government to
stimulate the economy by
over-producing money have
contributed to U S inflation
over the past 10 yean.”
Lapp predict! that ih 1982
the U.S. Consumer Price
Index will climb to 8 new
high of 293.
“This means / con
sumers Will have to Spend
$293 to buy the same product
that cost tIOO, 15 yeaM ngi),’’
> he said.
' There is peuimllth In
Lapp’s outlook for tht’shOrt
run, but a shinier »ldp pf the
coin for the future ■■
“President RttflH's
restrictions on W*fley
Continued On Poge 8 B^-,
Page 7-B