Newspapers / The Chowan Herald (Edenton, … / Oct. 21, 1982, edition 1 / Page 4
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fliower Farm Loan Rates Reflect Decline Os Inflation Interest rales on most loan programs at the U.S. Department of Agriculture’s Fanners Home Administration were lowered October 1, State Director Larry W. Godwin announced. , Godwin said the reductions, jrhich will be as much as a full percentage point for farm Operating loans and market rate community facilities loans, reflect progress in the nation’s drive to roll back inflationary interest rates. Reductions will apply to farm, community, and rural housing loans made by the rural credit agency. “We are able to lower our in terest rates because the cost of money to the U.S. Treasury has been down in recent months and the average yield for municipal bonds also has been lower,” said Godwin. In farmer programs, the in terest rate for farm operating loans is reduced from 14.25 per cent to 13.25 per cent. For long - term farm loans, such as farm ownership, soil and water, recreation, grazing associations, irrigation and drainage and Indian land acquisition, the rate declines from 13.25 per cent to 13 per cent. For limited resource borrowers operating loan rates drop from 11.25 per cent to 10.25 per cent and farm ownership loans move downward slightly, from 6.625 per cent to 6.5 per cent. In the emergency loan program, the rate drops from 17 per cent to 16.25 per cent on actual loss loans for disasters occurring after October 1, to applicants who can obtain credit from other sources but choose to borrow from the agency. For borrowers unable to obtain credit from other lenders, actual loss loans will continue to be made at 8 per cent. For borrowers eligible for continued annual production loans, the rate goes down from 16 per cent to 15.5 per cent. Under the agency’s housing programs, the interest rate drops from 13.5 per cent to 13.125 per <spt for ..single family housing,, rural rental housing and housing ste loans. ‘the rate for housing loans to above - moderate - income borrowers (and moderate - in come borrowers who can afford Housing and Urban Development Department rates) was lowered from 15 per cent to 14 per cent on September 20. For community facility and water and waste disposal loans, the full interest rate drops from 11.625 to 10.625 per cent. This rate is based on current market yields for municipal obligations. The intermediate rate, for com munities of moderately less than average means, declines from 8.375 per cent to 7.875 per cent. The rate for lower - income com munities remains unchanged at 5 per cent. Godwin said the intermediate rate recently introduced by the USDA agency “will keep credit resources alive for many com munities that need public facility improvements to create job op portunities or maintain present employment.” Guaranteed loans for business and industrial development continue to be negotiated between borrowers and lenders. Loans made by Farmers Home for small scale biomass energy projects will be made at 13 per cent instead of the previous rate of 13.25 per cent. The Chowan Herald (USPS 106-380) P.O. BOX 207. EDENTON, N.C 27932 Published every Thursday at Eden ton by The Chowan Herald, Inc., L. F. Amburn, Jr., Editor and Publisher, 431-425 South Broad Street, Edenton, North Carolina, 37982. Entered as second-dass matter August 20,1984 at the Poet Office of Edenton, North Carolina, under Act of March 2,1870. L.F. AMBURN. JR. E. N. MANNING Editor A PnMbher General Manager SUSAN BUNCH 1 J. ED WIN BUFFLAP Office Manager Editor Emorhas One Tear !!?!!!.>.. HIM One Year (In N.C.) ......MM* Ms MUM (intoldiN.C.) 91M Ms Norths <ln N.C 93 JO FHnnlon N'v-tt’ CnmUnn ThurvJfly, October 21. 1982 ‘ ' Farmers Home Administration is the rural credit agency of the U.S. Department of Agriculture. It makes a wide variety of loans and grants and provides technical assistance to help improve economic and living conditions in rural America. Its loan services, like all programs and services of the USDA, are available to everyone without regard to race, sex, religion, national origin, marital status, or handicapped condition. Services of the North Carolina agency are delivered through a system of 88 county offices, 11 district offices, and the Raleigh State Office. The location and phone number of the local office serving each county is listed in the telephone directory under U.S. Government, Department of Agriculture. Williams Gets Continued From Page 1 Gerald Thomas Lassiter, Jr., found guilty of injury to personal property; sentenced to 30 days, fined SSO, cost of court and had to pay a restitution of $131.85. Robert Franklin Lassiter, found guilty of giving aid and abetting in the injury of personal property; sentenced to 30 days, fined SSO, and cost of court. Rickey Norman Holley, found guilty of going 61 in a 45 zone; fined $lO and cost of court. Donald Clayton Madry, found guilty of going 56 in a 45 zone; had to pay the cost of court. Scott Allen McDowell, found guilty of exceeding a safe speed; fined $5 and cost of court. Anthony John Warren, charged with possession of Marijuana; case dismissed. Charge of lar ceny; given eight days credit for the time had had served. Edward Earl Minshew, found guilty of exceeding a safe speed; fined $25 and cost of court. Garfield (NMN) Biggs, found guilty of misdemeanor breaking and entering; sentenced to six months two years suspended, fined SIOO, cost of court and or dered to remain off the property of Lydie Person. Arthur William Jordan, Jr., granted a Prayer for Judgement Continued upon payment of cost for the charge of assault. Chamber Banquet Continued From Page 1 Edenton Mr. Collins lived at the Heritage House. Most of the land around Somerset Place was cleared and drained through the use of slave labor. The upkeep of the extensive holding of the Collins family through the years up to the Civil War took around 300 slaves as laborers. It is the hope of all at Historic Edenton that during the weekend of October 23 and 24 that you come out and see this expose on Afro - American Culture from the 1700’s. Archaeology Continued From Page 1 qualified to inspire enthusiasm in others. Tickets for the evening priced at $lO per person, may be obtained at the local banks, Edenton Savings & Loan and the Chamber office. Chamber members, and their friends are encouraged to attend. ■ ' ' ; ‘ . ' COURTESY TO FLAG—Mr. Johnson and Mr. Miller of the Fleet Reserve Association Branch 293, demonstrate the proper method of folding the United States flag at Chowan Jr. High. Along with the demonstration, they gave a short lecture on flag etiquette and a pic torial history of the United States Flag. FBI Agent Addresses Law Officers Banquet Special Agent Robert L. Pence of the Federal Bureau of In vestigation was the featured speaker for the Twelfth Annual Appreciation Banquet for Law Enforcement Officers that was recently sponsored by the Edward G. Bond Post 40 of the American Legion. Mr. Pence, an Agent with the FBI for 20 years, started his talk with a quote from Charles Dickens’ “A Tale of Two Cities”. The quote stated that these were the best of times and that these were the worst of times. Mr. Pence reflected on these words and came to the conclusion that these words though written about the French Revolution were, relevant to day. Relevant, because of all the modern con veniences that the people of this country have to enjoy and relevant because of the increase number of crime. He noted several startling statistics about crime and guns. Mr. Pence said that there were two million hand guns sold per year in this country. He also stated that one hundred million weapons were in the hands of individuals in this country . Another statistic that he quoted was that only about half of the crimes committed ever get reported. The other 50 per cent may be reported for one of three reasons; 1) that the people who were the victims are afraid of the police, 2) that it is inconvient for the witnesses to report a crime, 3) Savings Are Estimated DURHAM North Carolinans covered by Blue Cross and Blue Shield in surance saved an estimated $749,966 in 1981 because of the increased use of seven ambulatory surgery procedures, the state’s largest health insurer an nounced. The savings were due to the avoidance of hospital charges for 1,771 procedures performed on,an outpatient basis in 1981 that would have been done on an inpatient basis during 1979, the year the ambulatory surgery program was begun. Savings from the increased use of ambulatory surgery in 1980 and 1981 totaled $1,078,850, BCBSNC reported. A total of 6,370 of the seven procedures were performed mi an outpatient basis in 1981. By comparison, 12,316 of them were performed on an inpatient basis the same year. In 1980, a total of 5,994 of the seven procedures were performed on an outpatient basis and 14,736 were performed inpatient. The seven procedures monitored are myringotomy (tubes in the ears), ton sillectomy, adenoidectomy; dilation and curettage; laparoscopy with tubal ligation; inguinal her niorrhaphy; excision of breast mass; vasectomy; seven were selected because they are commonly per loaned tn about US of th. OUtIC O BvllVC VW I* that the individual fears reprisals from the individual who com mitted the crime or others associated with that individual. Mr. Pence was pleased to an nounce, however, that the crime rate has seemed to level off over the past year despite the cutbacks in personel and budgets. What all this may mean is that the police do not have that much effect on the crime rate. “But, what has brought the country to the problem that it presently has with crime?” was the question that Mr. Pence now posed. His reply was, “We have gone to far, to fast and have to much.” He went on to define what he meant with a series of short statements: “The population has surged in the last several decades: We have clogged highways; The courts are clogged; Families are breaking up; Everything is going to fast; The work ethic is decreasing; and, Discipline is evaporating.” Aces Roll Over The Ahoskie Cougars, 27-13 I The difference between’’the 1 soore of the game -as'LtMiTrfflr Ahoskie Cougars’ and the Edenton across the goal line. The point Aces’ plan of attack during last after qttqpipt was good and the Friday’s football game was as the score was 7to 0. difference between left and right. The Aces first score came on The Aces fought the battle by their third possession during the sending the ball to the air. The third quar ter. The Aces on their Cougars, in contrast, slugged it own 25 y ard line gave the ball to out on the ground. In the end, Earl white who picked up 13 yards however, it was the Aces game but a t the cost of straining the plan that prevailed as they took ligaments in his knee. Hollowell the game by a score of 27 to 13. passed to Darren White two plays Edenton’s Joe Hollowell was the later for a gain in yardage of 43 key to the Aces air game as he yards. The Aces now on the completed two- thirds of the Ahoskie 20 - yard line gave the ball passes he attemped for a total of 1° the fullback, Milton Hedgebeth 194 yards. The Cougars only had 56 who added 10 yards to the take, yards passing in comparison. The very next play the ball was During the first quarter the returned to Hedgebeth who scored Cougars rushed for a total of 101 Edenton’s first touchdown. The yards but after that the Aces point after attempt was good and defense held them to 41 yards for the half aided in a7to 7 tie. the rest of the game. The Aces Throughout the year the Aces were only able to obtain 95 total have been held scoreless during yards on the ground. the second half but was changed The drive for the first score of two weeks ago when they scored 13 the game came when on Ahoskie’s of their 15 points against second possession Clayton Lewis Plymouth. The Aces continued the got outside for a35 yard run. Two new trend of scoring heavily plays later Lewis found himself during the second half against the free of defenders again as he ran Cougars. for another 31 yards. After two The Aces second - half scoring more plays Ahoskie had the first drive started immediately as they gag. . . ANNOUNCING NEW OFFICE LOCATION Marshall S. Redding, M.D. and The Albemarle Eye Care Center, Ltd proudly announces their new location , Mitchener Village, 707 N. Broad Street Edenton, N.C. effective October 10,1982 | In other words society is losing sight of where it came from and as Mr. Pence quoted another author, ‘“When a society parishes it is because it has lost sight of where it came from.’” / Mr. Pence went on to state that we are never going to eliminate crime and that the people of the community will always be in need of police. The police, however will always be asked to do more with less. The problem faced by most police departments as Mr. Pence sees it is a people problem. People want to help fight crime and the law enforcement agencies need to match help with what the people can do. One thing we all can do ac cording to him is to “Tell a kid about drugs and what it does to an individual.” In closing Mr. Pence said, “The .fate of the country is up to us.” Mr. Pence by stating this brought his entire talk into perspective - We are responsible for ourselves, our community and our Country. Improvement ... RALIEGH A study calling for widening and improving US-17 from South Carolina to Virginia was presented to the North . Carolina Board of Transportation ( at its meeting Friday by a ? representative of the engineering \\ firm of Kimley Horn & Associates. The suggestion, a result of the ' j study conducted by the firm, basically called for a four - lane divided highway with some five - lane sections through com munities and bypasses for all ; urban areas. } [ ( Secretary of Transportation - William R. Roberson, Jr., noted, “US-17 serves as the major north • south highway in coastal Eastern North Carolina yet the most part of it is only a two- lane facility. Because this highway is vital to the economic development of this region and plays such a major role in the state’s transportation * system, we have been aware of the need to upgrade it.” The corridor study by the firm includes five priority levels: committed projects' (those already included in current Transportation Improvement ■ Program (TIP); Priority 1, J Priority 2, Priority 3, and a long - range category. There is no problem for im provement of the highway in Chowan County in Priority 1. In Priority 2 is the linking of the Edenton and Hertford bypasses (7.6 - miles) at a cost of SIO.B • 1 j million. Replacement of the Chowan J River Bridge (2.3 - miles) at a cost { of $16.9 - million, is placed in $ Priority 3. In the Long • Range group is the four - laning of the f Edenton bypass. “Although no formal action was f taken by the transportation board ; at this time, the information j provided by the study will assist the board in future programming of US-17 improvements in a timely i manner for the greatest regional $ benefit,” the secretary explained. , U<4 recovered-an on-side-kick at the * | Ahoskie 45 - yard line. A pass of 18 3 I yards to Brothers put the Aces on || the Cougar 25 - yard line. A pass to , y Cofield was completed for another : | nine yards. Two plays lata-, | Hedgebeth scored from the one | bringing the score to 13 to 7. The \ point after attempt failed. The Cougars’ next scoring drive ! began on their own 38 - yard line ; I when Rodney Holloman’s pass to Lewis put the ball on the Edenton 13 - yard line. Stacy Moore carried the ball from the three yard line, five plays later to tie the score at 13 all. The Cougar’s point after attempt failed. The Aces became charged as they received possession of the j f ball. Hollowell passed to White who outdistanced the Ahoskie defenders for a spectacular 48 yard touchdown run. The Aces defense broke up Ahoskie’s next possession as Jared Bond intercepted a pass on the Ahoskie 15 - yard line. Hollowell then ran for another 14 yards putting the ball on the one yard line. He ran again and scored the final touchdown of the game. The point after attempt was good and the final score held at 27 to 13.
The Chowan Herald (Edenton, N.C.)
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Oct. 21, 1982, edition 1
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