From The Office Of Congressman Fountain \ Washington, D. C. -- Con- 1 gressman L. H. Fountain In- 1 troduced a bill today to pre vent or eliminate abuses In the use of tax exempt Indus trial bonds Issued by state or local governments. "This bill In no way affects the general practice of Issuing Industrial bonds or the right of states or cities to Issue them," Fountain said In a statement. "Specifically, my bill would prevent a company from claiming Federal tax exemp tion on the Income from any bonds It purchases If the boiAs were Issued for the purpose of building facilities for the company. "This has happened In a number of instances: a mun icipality has Issued bonds to build a plant for the use of a particular firm and then the company has bought the tax free bonds itself. "This Is a double bonanza for those private firms at the expense of all the nation's taxpayers, "Without the protection af forded by my bill," Foun tain said, "continued abuses in some places could result In the removal of the tax ex emption. "Pressure has been build ing In Congress -- especially from representatives from j some urban, industrialized states -- to remove or re strict the Federal tax exemp tion which state and local gov ernments traditionally have enjoyed on their bond Issues. "It would be unfortunate If a few states could prevent other states from using a legitimate plan to Improve their bond Issues. "It would be unfortunate If On Social Security President Johnson continues to press for his proposed Social Security hikes. He said that nearly 40 per cent of the nation's elderly citizens have total assets of less that $1,000. Consolidation Off The Administration does not plan to seek congressional approval for consolidating the Labor and Commerce Depart ments at this time. The report said this was one of the Ad ministration's plans on gov ernment reorganization. On Silver Supply The Treasury Department has asked for permission to stop redeeming "sliver cer tificate" paper money with silver. Bills Issued now are all federal reserve notes, which makes no such gua rantee. Industrial use of sil ver Is causing a government supply shortage. Trinidad, southernmost of the West Indies, stands only seven miles from the South American coast, the National Geographic says. ALL THE ICE YOU NEED Jor p enn,ej/ 0 low-cosr* StffotTffifoz* AM IASY TO INSTALL ?-The finest "crushed" type at lpe. . .clear, hard, 100% pure individual bits. . .can be yours for as little as 7? to 10 f per 100 lbs. with the treat line of Scotsman Super Flakers. Eight modal*, to meet every Ice need. They're simple to Install with no complicated connections. Economical to operate, and they connect easily Into standard electrical outlets. ~ OUItTANMIM NATMCS A. M. I^uthiin Refrigeration Co. ?AC.KS AND SCMVIuff Phone TE 3-B70? 1147 ?? SAUNOKPIf ST. P.O. BOX 10004 . NALIIOH . N.C . - ? ? ?? . i' J i lew states could prevent other states from using a legitimate plan to Improve their communities." Foun tain said. "The use of tax-exempt bonds Is legal In 30 states. My bill would eliminate abuses wherever they occur. " Governor Dan K. Moore, In his budget message of Febru ary li, said he had concluded reluctantly that North Caro lina should adopt the Indus trial bond technique to re main competitive with other states in attracting new In dustry. Fountain said he agreed with the Governor that such a prac tice , If made legal In North Carolina, should be used care fully. "The bill I Introduced today Is Intended to make sure that the bonds serve the purpose for which they were Intended. That Is, to help a community help Its people and to give a new industry an honest and reasonable return. "Certainly," Fountain said, "no one ever Intended that a company benefiting from the use of a plant or other facility constructed with public funds should then be allowed the windfall of tax-exempt Income from the bonds Issued for Its benefit." Aluminum Car i Ports Storm Doors \ & Windows j Venetian Blindsl BLINDS REPAIRED 1 Ornamental | Iron Aluminum & Canvas Awning jj FREE ESTIMATES | M. G. WILDER "MONK" 417 W. Noble St. LOUISBURG, N. C. In Land Judging Pictured above, left to right, W. T. Wlnborne, adviser, Steve Crowder, Tim Shearln, Bobby Murphy and Edward Shearln of Edward Best High School. --Staff Photo by Clint Fuller. Ed Best FFA Wins First Place The Edward Best Future Farmers of America placed first in the fourth District In .the F.F.A. Land Judging meet held at West Colum bus High School, Cerro Gordo, In Columbus County, North Carolina, Saturday, April 1, 1967. ' ' The purpose of land Judging is to learn first to recognize and evaluate the physical characteristics of the soil which affect crop growth, and land use, and second todeclde what soli and water manage ment will be required to pre serve the soil, and malntalr It In profitable production un der its most intensive use capability. The four member team con sisting of Bobby Murphy, Steve Crowder, Edward Shearln, Tim Shearln and Advisor Mr. W. T. Wlnborne, represented the Gaston-Tar Federation at the North Carolina State Land Judging meet. The winning team received Elimination After grandmother had given Susie a -scolding, she over heard the youngster remark to herself: "Somebody Is cross in this room; 'taint me,' 'taint kitty'. I wonder who It Is?" 350 and a Bronze Plaque, given by Carolina Power and Light Company and -The North Car olina Bankers Association. Phone 496-3722 ? ShMtrock ? lumbar ? Shingles ? Insulation ? Paint ? Moulding ? Aluminum S Jr., national traffic safety ad ministrator, said that hood decor and other protrusions ? "on the fronts of cars Injure about 1,000 pedestrians dally. At TAYLORS 'advertised inI UH?K a T/4"aaw for /ess than a Black a Decker ' U-130 Utility CIRCULAR SAW I ? cuts 2" lumber it 45* ? sawdust ejtctlon ? ewey from vision ind line of cut. ? Price includes rip fence. 20" ROTARY MOWER ? I rouble-tree iVi M.r. briggs & Strotton Engine. ? Easy-Spin Recoil Starter, e Handle-Mounted Controls. o Adjustable Cutting Height. AQ95 CAjl REG. ? W 54.95 ALUMINUM YARD FURNITURE 3-PC. SET $11.98 CHAIR - 2.99 CHAISE ? 5.97 HEAVY DUTY cosco CARD TABLE SETS Carpet Sale NEW SAMPLES - MANY NEW COLORS AND PATTERNS AT REDUCED PRICES. NOW'S THE TIME TO DRESS UP YOUR HOME AT-=| BUDGET PRICES. FIRST QUALITY SPECIALS REG' SALE 100% CONTINUOUS FILAMENT NYLON SCULPTURED PATTERN 5.50 SQ. YD. 3?s 501 NYLON SCULPTURED PATTERN 7-25 5?5 SQ. YD. 501 NYLON DEEP ^ _ SCULPTURED PATTERN 8.50 SO vr RANDOM SHEARED ACRILAN 9-75 SQ. YD.I 7?5 ? SQ. YD. TABLE & 4 CHAIRS REG. 39.95 SPECIAL! $29.95 PAINT SPECIALS INSIDE LATEX WALL PAINT EXCELLENT COVERAGE WASHABLE. MANY BEAUTIFUL COLORS Gal 3.49 SPRED SATIN 100% Latex Paint For Walls & Ceilings. Matching Colors In SPRED LUSTRE All Purpose ALKYO Semi-Gloss Enamel ONLY 5.95 Gal. OUTSIDE WHITE EASY TO APPLY READY MIXED PAINT goes a long way FINEST DUALITY - WHITE AS SNOW C OQ c.i Reg. Price 6.95 SPECIAL AT HAR.DWAHE PUfWTUREl \ lousewares - Plumbing & Electric Supplies - i Heaters - Farm Supples - Sporting Goods - Rugs - Giftwares - Furniture - Draperies ? Anything For The Farm & Home. mm a ^ Alfc A.. I pnone cy q-ms tasx wasn sireex Louisourg, w. t.