January 10, 1976
| Occupational Licesare- {
| A Medieval System J
|i|' by Charles T. Byrd Jr., CPA |
$ . vThe
relation between economic freedom and political freedom
coupled with an analysis of the role of government in a free
society produce many "areas of conflict and question" in a
democracy. One such area is that of occupational licensure.
The overthrow of the medieval guild system was an
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indispensable step in the rise of freedom in the Western world.
A sign of the triumph of liberal ideas, it meant that persons
could pursue whatever trade or occupation they wished without
the approval of government or governmental authority.
In more recent decades, there has been an increasing
tendency for particular occupations ^to?be restricted to
individuals licensed to practice them by the state. It is this
restriction on people to use their resources as they wish that has
produced a new class, of problems.
Occupational licensure is now very widespread. A few
well-known examples may include pharmacists, dentists,
accountants, lawyers, and librarians. Some rather remote
examples include dealers in scrap tobacco, egg graders, tree
surgeons, and potato growers.
Arguments that seek to persuade legislatures to enact such
licensing provisions use as -justification _the necessity of
protecting the public interest. However. the pressure to license
an occupation rarely comes from the abused public but from
members of the occupation itself.
The arrangements made for licensure mostly involve control
hy members of the occupation. Although this is natural in some
ways, it also provides a lot of pitfalls to individual freedom.
Many of the considerations examined in qualifying for a license,
have no relation whatsoever to professional competence. An
example is a loyalty oath that states that one is not Communist
nor subversive.
It is my belief that many licensing boards limit numbers and
raise qualifications, not to protect public interest, but to protect
and increase the economic rewards of their occupation. Control
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establishment of a monopoly position, is surely not the most nor
only desirable alternative for protection of public interest.
_ Democrats To I
Hold Seminar I
The Democratic Party of I
Forsyth County will hold a
seminar on January 13 at 7:30
p.m. on the delegation
selection to the Democratic I >
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seminar will be held in the / f()
large courtroom of the Forsyth I A
County Courthouse.
J ^WClEAHtHS L?U?OfBf?
Wayne A. Corpening, u"
Forsyth Party chairman said Cofporatic
the seminar was part of an Parkway
effort by the Democratic party
to assure that all members of
the party, including the
traditionally under-represented
were fullv knowledgeable
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of correct procedure for
delegate selections.
"All precinct committee
members have been notified f
of the meeting and have been f j
asked to contact all persons in V '
their precinct who may wish to
be convention delegates and
also persons who want to "
become more familiar with
party affairs. We have
contacted as many local
groups as possible that
represent the traditionally
under-represented," Corpening
said.
t
The Whistm-Salm Chnmicb
Food Towr
Food Town Stores, Inc. of
Salisbury, N.C. and Lowe's
Supermarkets, Inc. of North
Wilkesboro, N.C., jointly
announced?the approval in.
principle of the merger of
Lowe's into Food Town. The
merger would be subject to a
definitive agreement between
the parties and would also be
subject to various legal,
financial and other conditions
and would have to be
approved by the shareholders
of each company.
Under the terms - of the
proposed Merger Food Town
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its common stock to the
shareholders of Lowe's.
Food Town is engaged in
the operation of a chain of
thirty supermarkets - in the
Piedmont Section of North
Carolina. The common stock
of Food Town is traded in the
Ovef-the-Counter Market. For"
the year 1974 Food Town had
sales of $92,418,324.00 and
net income of $2,105,637.00.
For the forty weeks ended
October 4, 1975 sales of Food
Town were 595,826,423.00and
net income of $2,476,041.
Sales of Food Town for the
forty weeks ended October 5,
1975 were $68,495,523.00 and
net income for that period was
$1,386,044.00. There are
presently 915,000 shares of
common stock of Food Town
outstanding.
Lowe's also is engaged in
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JENNIE SAYS: T?//
i And howe'i
the operation of a chain of
thirty-seven supermarkets
which are located principally
in North Carolina with two
stores in Virginia and two
stores in South Carolina.
Lowe's had sales of $76,041,224.00
for the year ended
September 27, 1975, with
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charge to pass
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aa wine o. uuicmrue
8. Girl's 4. It's north of 21.
name Turkey
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11. Oil of .6. Morsels 22.
rose petals . 7. Augusta is
. 13. Firearm its capital
14. Social 9. Glossy 25.
division fabric
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16. Sign as aid 27.
correct 12. Plexus
17. Pronoun 16. Cry of 28.
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41. Wine
receptacles 5T" ~"
42. Compass
point !77 53""
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Page 9
s To Merge
earnings of $499,894.00 for
that period.. For the year
ended September 28, 1974
sales of Lowe's were $60,454,
302.00 and net income was
$440,153.00. There are presently
786,284 shares of
Lowe's common stock outstanding.
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