North Carolina Newspapers

ftTH CAROLINA TIMES SAT.. JANUARY 31. 1976 w clo SIS s UPEBQABBE?. The Board of Directors of judgement. ..any further lest blessed citizenry. United i Durham, Incorporated, postponement could have "The quality of product and meeting in regular monthly jeopardized the fundamental service, and the location, were session on January 26th, voted survival of the institution.' elements over which this Board to close the Corporation's Stewart is also Executive couid exercise substantial Supermarket operations in order Director of UDI Community influence in order to make the to preserve the Corporation's Development Corporation, a rjjj Supermarket truly tohency and assets. This non-profit Corporation which is competitive . Price, however, was decision was reached .over a legally and financially unrelated more difficult to control. We penoa ot montns during wnicn to united Durham, the Board had closely monitored Incorporated. Stewart stated the increasing drain of the ' the inordinate amount of time operation on the Corporation's our supporters in this resources. Although the closing community have put into this of the four and one-half (4&) venture in an effort to reverse its deteriorating trend can now be redirected to possibly more fruitful avenues.' Although the Corporation cut its losses at the Supermarket by more than 50 in 1975. it year old retail grocery operation will be a disappointment to the Durham community, and especially the low income and Black residents, the Corporation's Board of Directors r , ,rrm a II itiiPOKin BY RAY JENKINS EATRIG LEATHER" ft-' J acted in a timely manner in projected continuing losses order to ensure its ability to through 1976. The only possible honor all outstanding liabilities solutions appeared to be either in an orderly fashion and a,, extraordinary increase in without resort to court gross sales volume, or an increase proceeding. The supermarket m retail prices. The rather is scheduled to go into a one to disappointing level of buying by two week closing sale period actual stockholders of the starting Monday February 2. Corporation over its 4& life Plans now are for substantial suggested that relying upon a discounts to be offered. dramatic increase in sales was Financial statements unrealistic. Furthermore, an presented at the January 26th meeting indicated that in spite of heavy losses over the AVi years of its Supermarket's operations, the Corporation has sufficient liquid assets to pay all of its short term creditors. The Corporation has three active plans for alternative uses of its property, including the 6,336 square feet UDI Supermarket building at 602 North Mangum Street, and successful execution of any one of those alternative will enable the Corporation to continue to meet its long term mortgage obligations on which it has never made a late payment. Ed Stewart, President of United Durham, Incorporated, stated 'we recommended this action to rid the Corporate body of a cancerous limb which threatened the life of the institution. It was our decision to act early enough to protect the credibility of the Corporation with those who have worked with us over the years. Drastic Corporate surgery is seldom a pleasant undertaking. We have deferred this decision as long as we could in good conscience, with good sense and in exercising ... good business increase in prices at the cash register would have been counter to the very slogan of United Durham Incorporated, "People Before Profit' . Stewart stated, ' we decided that if we were unable to compete in quality of rrA(i f T i An A 1 i nPCC ff CPfVlPA 1 Atranrtnn nt rho I rtmnrittrtn uill price and location, we should , .... . . ., . i ,u w m ,, De outlined in greater detail at close the store. It would have , . , .... . u . a; ,Q the Annual Stockholders been counter productive to urge ... ... IIIvJIC 1VJI . - . Cakmam 10 a 7 1 A nm In their food at the UDI - f--. me casement 01 me aiamoro jl. had to convince ourselves, by intense examination of the facts and the performers, that we could continue to provide food at a competitive price. We made the examination, and decided that we could not." The Board of Directors stated that the community economic development goals advanced by low-income residents will continue to be the major objective of the Corporation. The thriKt nf the Prirnnratinn's new efforts will reflect the Co. At this facility, clary sage and other suitable plant crops are refined into essential oils for the experiences gained from cosmetics and food trades. The farm is near Edenton, N. C. operating the Supermarket. An affiliated non-profit Corporation, UDI Community Development Corporation actively pursuing the development of a mini-industrial park and a neighborhood shopping center in the heart of Durham's southeast quadrant. The Board of Directors expressed strong appreciation to those customers and stockholders who have remained loyal supporters of the Supermarket. The future A ngiht view of the processing facilities of the Avoca farm division of the R. J. Reynolds Tobacco . At this facility, clary sage and other suitable plant crops are refined into essential oils for tJ tmetics and food trades. The farm is near Edenton, N. C. New Law Gives Low-Income Families A Tax Break This Year poor people to pay Supermarket, especially with the current spiralling cost of food. At some point, pride and community loyalty become too expensive for those on limited budgets. We felt that point had been reached." The Board of Directors acknowledged that the closing of the Corporation's Supermarket marked the death of an important symbol of the collective effort of diverse segments of the Durham community. However, the demise of the symbol may yet enable United Durham Incorporated, and related community development activities to substitute greater substance in addressing the needs and wishes of Durham! Warren Library on Fayetteville Street. Bp! Di-Gel. The Anti-Gat Antacid. Downpayment "Mother," pleaded the broke teenager, "since you say I'm worth a million dollars to you, can I have a dollar of it now?" If your taxable income was less than $8,000 in 1975, Uncle Sam may owe you up to $400. In most cases, family assistance such as welfare doesn't count as income. Working men and women with low incomes should find out if they qualify for a new tax break called the Earned Income Credit, urges H&R Block, the nation's largest tax preparation service. The company has launched an information program, as has the government, to alert those whom th6 new law is designed to benefit. To claim the special payment as a refund or credit, eligible persons must file a 1975 Federal income tax return -even if not otherwise required to do so. It doesn't matter whether or not employers took out Federal withholding taxes since the credit can create a refund. IS YOUR "PASSBOOK SAVINGS" EARNING COMPOUNDED DAIIY? TO YIELD swo IF NOT, SEE THE FRIENDLY PEOPLE AT MUTUAL SAVINGS "WHERE YOU SAVE DOES MAKE MUTUAL SAVINGS & LOAN 112 W. PARRISH STREET A DIFFERENCE" ASSOCIATION DURHAM, N. C. 27702 Individuals who can answer yes to two key questions probably qualify. They are: 1. Was your adjusted gross 'income (including earned income) less than $8,000? 2. Did you maintain a household the whole year in the U.S. for yourself and one or more children whom you can claim as dependents and who were under 19 years of age of full-time students? For purposes of this credit, earned income includes salaries, wages, tips, and other employee compensation after the sick pay exclusion, and any' net earnings from self-employment income. A widowed, separated, or divorced mother who took a job as domestic help to maintain a home for her children may qualify. Married couples required to file a joint return to get the new tax break. However, if' for any reason a joint return can't be filed when you are married and living apart, you are considered single for tax purposes and may qualify for the credit if you meet the following requirements: you file a separate return; you paid more than half the cost to keep up your home in 1975; your spouse did not live in your home at any time during 1975; anover six months of 1975 your home was the main home of one or more children you can claim as a dependent. The Earned Income Credit gives those who qualify a 10 percent refund or credit against taxes owed based on a maximum of $4,000 of earned income. If income exceeds $4,000. any credit determined thus far is reduced by 10 per cent of the excess over $4,000. If The first time you buy it fcr its refutation. JL The second time you buy it for its taste. IMPORTED FROM ENGLAND BY KOBRAND N.Y, N.Y 94 PROOF, 100 GRAIN NEUTRAL SPIRITS lZSI lONPONDISTILlEPj K0MAP COKPOAATt(t:i(j fait u...talll lff .V II you have income of more than $8,000, there can be no credit. For example: A qualifying individual has adjusted gross income totalling' $6,000 of which $5,000 represents earned income already explained. His Earned Income Credit is $200 determined as follows: 10 percent of the first $4,000 of earned income equals $400; 10 percent of the excess over $4,000 equals $200; $400 minus $200 equals $200. Those who believe they may qualify should read the 1975 Federal tax instructions for further information. Free consultation is available from local Internal Revenue Service tax information centers and H&R Black offices. Last tax season H&R Block prepared eight million returns for taxpayers and eight out of ten were for customers who returned from the previously ear. I really can't tell you at this time who is ahead in the presidential election this year. Its simply too early to tell and I do not have enough info to make an educated guess. Nor am I qualified to say, at this early date whether it is Gerald Ford or Patrick Moynihan who leads in the "shoe in the mouth campaign.' Patrick Moynihan?He's the ambassador to the United Nations who speaks on behalf of the official position of the American government. Gerald Fordlte's the appointed president of the United States with very questionable credentials. Ford said that because we don't pay a dollar for a gallon of gasoline that the recession is all over (depression to most of us). Such irresponsible oversights kept him slightly ahead in the competition over his closest rival, Moynihan. But Moynihan, not a man to be outdone, seized the opportunity at the United Nation's Security Council meeting on Monday. The proposal was made to acknowledge nationhood to Palestine and a resolution calling for Israel to withdraw from all occupied territory in that country. The measures were killed when the United States was the only member country to vote against it thus resulting in a veto. This was not enough. By now, most of the rest of the world is on to the U. S. diplomatic policy and they know that there is only one kind coming from Washington: economics. So Moynihan followed the veto up with another of his paramount deceitful statements when he said in essence that the United States, "concerned" as they always are about the well-being of the rest of the world's people (keep your laughing to yourself), don't feel that such a move would be in the best interest of the Palestinian people. Ahh, there we have it, the "big brother' image, however, that image is fading in the eyes of the rest of the world including the American people who see the fallacy of it all. Moynihan had successfully stuffed another shoe in his mouth and pulled up neck-and-neck with his boss in the White House (all that leather!). I can't really say whether Moynihan needs his head examined or if its a simple case of his being so busy that he doesn't have time to read the newspapers, but people are not buying that mess as they used to so easily, because they know where the White House is coming from. They know that it is not concerned with the people of the world any more than they are concerned with the man in the moon. How could they be when the first priority is money? Furthermore, since when has the United States government become so concerned about Palestinians in the first place? Perhaps its the same kind of concern as that shown for the Vietnamese, or the Indians, or the Phillipinos, or the Chileans, or the Japanese or even the people of this country. That type of concern noboby needs and could live without. So Moynihan can now take a bow for joining the same club as that of the antique Model T in Washington. It looks nice and is invaluable as a show piece and even for a ride through Central Park, however, in this age of superhighways, it is rendered unusable for modern use. Coleman Contined From Page One fine techniques of finance. After two years there she spent another year at New fl.'i;i.!'.'fr-!l !':mi:H ! "LOT CLEAN-UP PROGRAM A SUCCESS": MORGAN Some 50 city-owned vacant lots have been spruced up over the past four months thanks to a newly-initiated vacant lot maintenance program the city's General Serives Department is carrying out. "There have been some surprises,'' commented General Services' Bob Morgan, who is overseeing the program. "There must have been eight snakes on the first lot we cleaned up," he said. "I thought 1 was going to lose all my men, but I didn't, they've stayed with me and done an excellent job." "They've found anything and everything on the lots," he added. They found 20 junked appliances on one lot alone, once they got some of the1 underbrush cut away." The list of discoveries includes old refrigerators, water heaters, bathtubs, furniture and "tons of cans and bottles,' Morgan said. The program was begun in September, 1975 based on a survey done by the city's real estate office. They inspected all the vacant city lots and came up with a list of approximately 50 lots that needed attention. So far 75 of the lots on the original list have been cleaned, Morgan said. However, twelve other lots have been added to the orginal list and also been cleaned. The lots range in size from a 1 0 foot long strip of land to acres and acres and they've taken anywhere from 30 minutes to two weeks to clean up, depending upon the type and extent of cleaning needed. The top priority has been given to lots that needed attention in residential areas. And, judging from the response of the neighbors near some of these lots the program has been quite successful. . 'veral times residents of the area being cleaned up i. .ve stopped by to thank the men, Morgan said. Also, sometimes residents think because we're cleaning a lot up the city must be getting ready to build something there. Usually, folks think they're getting a park. The crew, composed of supervisor Alexander Jones and laborers Ken Jackson, Charlie Barrett and Archie Jones, has . had to set folks straight several times about this, Morgan added. ' We're sorry to disappoint people, but all we're doing is cleaning the lots up." The crew is an emergency jobs crew, with their salaries paid by the federal government. So, the citizens of Durham are getting this program almost for free, Morgan added. "And, it's tough work. I've got to hand it to the crew, I've asked them to do some rather unpleasant tasks, he continued. This crew is funded through the emergency jobs program until June 30 of this year. "Once the lots have been cleaned this first time, we hope to set up a regular schedule of maintenance," he concluded. York University studying management. "Banking is z ..wide open field for women, especially for black women,'4 she says. "I find the 'industyy full' "of opportunities for them" The New York Bank for Savings, with assets of over $3 billions, has 18 offices serving Manhattan and Northern Westchester. Unemployed Continued from front page veterans, the unemployment rate for 20-34 year-old blacks in the fourth quarter, at 16.9 per cent, not seasonally adjusted, was well above the 1 1.9 per cent rate of a year earlier. The rate for white veterans was also up over the year, with the increase being proportionally similar to that for Black veterans. Among other highlights of the Nation's employment situation in the fourth quarter of 1975, reported in BLS' ''Labor Force Developments: Fourth Quarter 1975" were these: - Employment rose slightly and unemployment was unchanged from the third quarter. The overall unemployment rate remained at 8.4 per cent. - The jobless rate for male family heads declined, but the rate for female family heads rose. - Unemployment among all worker groups, including persons of Spanish origin, veterans, and residents of poverty and nonpoverty areas was higher in the fourth quarter of 1975 than a year earlier. - The number of discouraged workers dropped below the million mark for the first time since the fourth quarter of 1974. - The quarterly report provides an analysis of overall trends in the Nation's labor force -seasonally adjusted, except where specified - and includes data for some worker groups not published on a monthly basis.