Newspapers / The Carolina Times (Durham, … / Aug. 16, 1969, edition 1 / Page 14
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-THE CAROLINA TIMES SATURDAY, AUGUST M. W 4B %ifc * KiftliHMKi Ji3fifi S''" ' Submarine Scooter TOKYO - A larger Jap anese shipbuilding firm says it has developed a submarine mo tor scooter that can dive 98 feet, and travel a two knots with two people aboard. COLUMBUS AND APOLLO Two Historic Voyages—But With a Difference \\V often hear tin- lri|> of our Apollo II Astronauts compared to the voyage of diso»very made hy Columbus hack in 1492. In some ways tin' comparison is an apt one: we are certainly taking the lirst step toward vast new hori/ons and a New World. Itut any further comparison -imply doesn't hold Our voy age of discovery and investiga tion o| the moon is unlike any niT attempted hy man The hie difference is communications t ohimhus set out in three pitilully -m ill ships and at sea the a.nly ones involved in the \ \ .!_•■ "Ai re the crew members. Ap> Ho is even a smaller craft w.:h only throe crewmen. But !i' ■ r !l> ihi -usands of others arc tcinine »\cr their shoulders— in I->'"H making the trip with them I learn just how this is >» >u li t s take .1 look at a small i kajif .i»ar«l the spacecraft which allows ground control ;nTsonnel virtually to en alone with the astronauts. The hatbox si/e package, which weighs 4"» pounds, is a precision telemetry systent manufactured hv the Kloetronics Group of Harris- Intertype Corporation. It's really a 'collector*' and "trans lator'' of information to l>e sent to the eround From hundreds of points in the spacecraft, in formation al*iut heart rates, temperature, fuel, position, and other vital statistics is fed into this package in the form of electronic pulses. Here they are MONEY FACTS AND FANCIES - i- f"'-savv.sf J • k " j v .1* '* *' ' , '' V ' ' ' ' i +•" v ~ •»» —' . ..... ~ 1 i I ~ t v.. IF Did you know that a woman's picture at one time appeared on a dollar bill? That there were once three-dollar bills'.' That money at one time could be eaten? Or that in South Carolina they once had legal tender you could drink? These are only a lew of the many money innovations lor which th«' creators of early eurrencv deserve credit. That woman's picture, for ••sample, cume into view on a one-dollar I Js.'i I hank note from the Delaware City Baijk of the Kansas Territory In IK">6, also in Kansas, there were three-dollar bills! The notes featured pictures of three cherubs! Salt, valuable as a food pre servative, was scarce, durable, portable and easy to divide. Early Roman soldiers, whose Latin word for salt was "sal," received a regular salt allow ance (whence our word, "salary"), and African slaves were oi.ee sold for their weight in this precious condiment. Thus the expression "worth his salt." Liquors and other spirits have also served as money: beer was partial wages for miners in 19th century Eng land; a century before, in South Carolina, rum was legal tender! Tea, a common if blander beverage money, was used for centuries in the Far East. For ea*c in handling, it was often shaped into bricks. Tobacco automatically meanl money to our southern colonists (luring the 17th and IKIh centuries. In time, tobac co warehouse receipts were used, but originally the actual leaves circulated! Over the centuries, money has been the subject of mem orable quotations. "To have money in a fear; not to have it a grief," said English poet George Herbert in 1651. Ac cording to Benjamin Franklin in 1735, "Nothing but money it sweeter than honey." | In 1706, Jonathan Swift wrote: "No man will take counsel, but every man will take money: therefore money it better than counael." And an "M fr*«4« it that "a CHILDREN ENJOY PARK— Neighborhood children enjoy the new M. Athalie Range Park, named for the City of Miami Commissioner who played a key role in turning the valu ■" ' ■ ■ r combined into a single coded form for radio transmission to the ground. Translated and dis played. this information puts Ground Control "in space" with the Apollo 11 crew. Let's look at it from Colum bus' viewpoint. If Columbus had had even a remotely similar system. Queen Isabella would have known not only the amount of dampness and strain on every piece of heavy purse makes a light heart." i We are indebted to money for several everyday expres sions such as "getting your money's worth," "the root of all evil," "filthy lucre," "money talks," "putting your money where your mouth is," and "putting your two cents What is more, there are local sayings relating to money in different countries with differ ing mpnetary units. American counterparts of these terms in clude "penny pincher" and "dollars to doughnuts." To coin an expression, banks have become "money splendored things," but few depositors realize how much banking has changed. In the ancient world, instead of re ceiving interest on your sav ings, you'd have had to pay a bank to keep your money safe for you. Perhaps the earliest Ameri can "bankers" were goldsmiths and silversmiths. They would accept coins for safe-keeping, and lend them to qualified borrowers, and sometimes ex change one kind of currency for another. That was it—no other services were 'e. In 1781, when a m imed Robert Morris tried to . the first modern bank in America, he tried to sell SIOO 000 worth of slock in the company. All he could raise was $70,000- 17.5« Tor each dollar' he needed—but he bor rowed what he needed from France, and made such a name for himself that almost any banker you visit today will know his name. He really started something. I Today there are nearly 1 1,0001 commercial banks in the U.S. They have deposits of $132 billion—over 40 limes as much as all the gold in Fort Knox and people owe them 261 bil lion (including, probably, whatever you still owe on the car). A large commercial bank processes well over a million different checks every day,,yet banking may still be in its infancy because of a new trend in the induttry—the formation of one-bank holding companies. A one-bank holding com- able, but unused space beneath an expressway into a play ground. More than 1.000 per sons attended the dedication and ceremonial ribbon cutting July 30. wood on the Santa Maria, hut would also have known the stress and temperat re of every nail on the ship, and the physi cal condition of the crew! Harris-Intertype has a simi lar package aboard the Lunar module, too (about half the size of the Command Mudgle unit) that operates through the Com mand Module system. And that, in Columbus' terms, would take care of the Nin i and Piiita. pany's main business is bank ing, but also owns oilier com panies that provide financial services related to banking. For example, they may louse heavy equipment, sell insurance, pro vide family budgeting advice, tax assistance and charge so IT - ices for family purchases The companies have been formed because antiquated laws have prevented banks from providing new services that their customers need Not surprisingly, competitors who are not regulated by banking laws have opposed the entry of banks into areas they'd like to keep for themselves What one-bank holding companies provide is the kind of one-stop financial shopping that modern supermarkets of fer housewives for I heir lood and household need* In other words, they are money super markets where customers can get car money, education money and house money as well as help with their budget, taxes and investment and in surance needs. In the U.S., everyone "knows" thai the government keeps "all the gold" at Fort Knox, but actually, while there is SIO.B billion in bullion at Fort Knox, more than sl3 billion in gold is stored in New York City, where the Federal Reserve Bank stores it in a vault with walls of steel and oncrete ten feet thick. (Free lours can be arranged by writ ing Dr. Dave Friedman, Federal Reserve Bank of New York, 33 Liberty Street, New York, N.Y. 10045. On the tour, you get a chance to see some of the I gold.) But the New York gold doesn't belong to us. America's is at Fort Knox. The New York gold belongs to 120 different foreign countries. You can't find this kind of money growing on trees, but another kind of money once did! In 13th century China, when under the rule of Kublai Khan, the Chinese produced the world's first paper cur rency, printed on paper made from the bark of the mulberry tree. In the South Pacific, island tribes have used the teeth of porpoises, whales and tigers as money. On the Isle of Yap, huge coin-shaped stones with a hole in the middle—far too heavy for one man to lift serve as currency. ("I'm sunk," a Yapper might have to say if he tried moving his money by canoe.) But few people know how an expression still used today began with an unusual form of payment in America's Wild West. Then, many a man would carry currency in the form of a bag of gold dust He'd pay for things by allowing the seller to pick out one or more pinches of dust. And this is how we get the expression, "How much can you raise in a pinch?" Negro Minister Addresses Ky. Church Meet LEXINGTON, Ky. - An American Baptist Negro minis ter today urged the black com munity to "acquire power to change the climate in the insti tutions which affect their lives." Lucius Walker Jr. of New York City, executive secretary of the Interßellgious Founda tion for Community Organiza tion told the National Christian Missionary Convention - the black branch of the Christian Church (Disciples of Christ) meeting here this week - "we need to infuse new humanitv into this society.. This is what God called us to do. If we have to move structures, to confront power, we are still called to do it." "We want to be children of God in this world, not Utter on" he said. He said he questioned whether the church has been * serious about doing something about urban problems. The piecemeal programs have not been given sufficient financial support nor tenure to be effec tive programs, he said. The power structures, he said, "are not allowing people to rise up and express their concern for their communi ties." IFCO is "taking seriously the notion that people have to have a say themselves at the same decision making level as the planning body," he said. IFCO works to create a coalition "between black and white, bureaucracy and com munity, Indian and Mexican, while at the same time there is a emphasis on separatism," Walker said. "We live in a country which exists on the myth that this is the meeting pot. We never have the a melting pot or integra tion. This is a pluralistic so ciety in which it is proper to celebrate individual traditions. "Black separatism is within the American tradition of se paratism, but when the word black is added, it becomes a scare word," he commented. "It is important to have a strong black caucus within the white structures to keep them honest," he said. IFCO is supported by 14 religious organizations, includ ing "Reconciliation," the ur ban emergency action program of the Christian Church. The organization is "committed to as full an implementation of self-determination as feasible," he said. The National Christian Mis sionary Convention is meeting in its 53rd and final session at Lexington Theological Semi nary. IMPORTED RARE SCOTCH I MMM A iffouse]] I*' ©I^KIIMLMD 1 „ HAW „ I I SCOTCH WHISff I \j\\.^BLEND ofm/*- +Agl*J II #WWT>E»R JO«B INK ITUITI KIICI ram Mm row WHIII II HHI nut MIMM. u».. mu. HOITOIOTCOT^TOU THAN YOU PAY TOM Good Freezer Buy For Smart Shoppers Been dreaming of the convenience I I of a freezer for years? This Hotpoint 111 iT 11 " V f\ IHH / \ T\ \ I I chest freezer makes your dreams com* WB \ \ \ ■J I \l \l \ 111 It holds 700 pounds, yet measures y\l \ \l '' '' - a^Uli only 5 ft. wide! Sleek new straight line styling makes it fit right into a small ml All 20 cu. ft. inside is neatly orga- (\ nized. A divider separates it into two compartments, and two gliding bas- UHr kets save wear on your back. Wf ! 228" L - FHS2O 1 9 Frost-Free Convenience For Home Freezing No-Frost special! This king-size capacity 17.2 cu. ft. , 1 Hotpoint food freezer never needs defrosting because I * lie i| frost never forms on its interior walls, shelves or food , T' • __| !l| pockages. It freezes and stores up to 602 pounds of ' ' f°°d—yet it's only 32 inches wide. And it rolls out on " ! wheels for easy cleaning beneath and behind it. An tan 11 ! adjustable shelf, big slide-out basket, 4 door shelves ™A!' » 2 juice-can shelves in the door aid orderly food storage, and an interior light makes everything easy • """■Ml] nn nnnnnnnHl i *° see Built-in lock-safeguards the contents of the Brtffl jffffilTffreezer which, more often than not, cost mora thon the freezer itself. Magnetic door gasket keeps cold air in » warm air out. 3-year food-spoilage warranty. Come in and see it today! Only Forget Refrigerator Defrosting Forever In this day Gnd age a refrigerator has become o necessity. 1 ' but that doesn't mean it can't have luxury touches. This fidZ'"' big 14' refrigerator-freezer has those touches. Think how I | much you'd enjoy a butter spread control. Or how about a handy space in the freezer door for storing 60 extro ice t | I Of course, it never needs defrosting. The big freezer com- HII f\AIS partment holds 103 pounds of food and the refrigerator | space is 10.8 cu. ft. There are so many other special t i Jeff 1 touches in this model, too: slide out meat pan, crispers, step shelf over meat pan, full-width slide-out shelf. Come j|j| 3L 1 in to your CCF Store soon and take a look at afl the little I Jr**- fl fill luxuries in this quolity-built Hotpoint refrigerator. Only SO 0Q77 !\liLs=ssgsgsJ^^^| ■■ CTF6I4 More Food Stordgo In Loss Floor Spsce S|| CllTht • 28" wide, 9.6 cu. ft. bi 9 .m9(H W * 1 • 8.21 cu. ft. fresh food ( T)B>CL(IL storage capacity • 50.4-pound-capacity SWf ■ • I I i/| • ■ freezing compartment UlllSluG WhlT6 slidS-out chiL 7,ayl&SjSjjfeS • Accntsof wood 1 Latex or Oil Base exterior styling • 3 door shelves YOUr ChoiCC • Butter bin in door SMWIUK. • 2 cushioned egg racks Only (hqp • 2 Eos y .R,i.=„ i„ $l5O-77 Par Galloi • Automatic interior "' ht (While Supply Lasts) Central Carolina Farmers 'wgpanp Phone 682-6141, 801 Gilbert St., Durham, N. C. Oxford • Pittsboro f Roxboro • Siler City ' • Carrboro • Creedmoor • Hillsborough
The Carolina Times (Durham, N.C.)
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Aug. 16, 1969, edition 1
14
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