2, The Chronic!*, Saturday, August 18, 1979
gj&fj ^ Jt' "
: - ?V
Maceo A. Sloan
Jtetail Credit
To Tighten
InRecession
o %?
By John W. Templeton
Staff Writer
GREENSBORO -- One of the country's leading black
businessmen has predicted that consumer credit will
tiohtpfl a c a mohI* 5 ' *
? tvauu ui uic recession tnis country is
entering.
Maceo A.' Sloan, chief operating officer of N.C.
Mutual Life Insurance Co. and newly-named chairman
of the board of the Federal Reserve Bank of Richmond,
mage his comments during a forum at the black-owned
Greensboro National Bank.
In response to a questioner who mentioned that her
credit lines are increasing as fast as the inflation rate,
Sloan said, "There'll be a day of reckoning coming,"
' 'Take for instance, a car; your loans now43m for 48
months and 52 months,*' said Sloan. "You're not
buying a car, you're leasing it. It'sallfor the benefit of
the retailer so they can keep sales going."
Sloan said retailers are making sure credit is paid
back by beefing up collection staffs and responding
quicker to late payments.
The N.C. Mutual executive agreed with the
conventional wisdom that,, the recession will affect
blacks more severely. "We're going to be worse off;
we're always the first fired and last hired."
Sloan said government aid to groups facing high
unemployment should be targeted instead of throagh
fiscal stimulus such as tax cuts.
He said stimulus measures designed to reduce
unemployment in the past two years have backfired and
created inflation.
"There was a failure to recognize the strengths in the
economy and changes in the structure of employment,"
said Sloan. In his opinion, the country^s near full
employment and increased numbers of two earner
households are creating current unemployment problems.
Sloan said the fundamental cause of the recession is
"inflation that sapped the consumer purchasing
power."
i ne new Federal Reserve official has held the post
for two months. He is also a member of the Board of
Governors of the University of North Carolina. Sloan,
who is in charge of insurance operations at NCM,
started as an agent for the firm in Richmond.
Diplomat Posts Open
WASHINGTON-The U.S. Department of State has
announced two affirmative action programs to attract
more blacks and women for diplomatic positions.
Jobs in Washington and abroad deal with political
reporting, economic/commercial work, consular affairs
and administrative activities.
Candidates for Junior Foreign Service Officer posio
tions must be at least 21 years of age, a U.S. citizen and
hold a bachelors degree. Salary range is from $13,000 to
$18,250 annually.
For further information, contact the Special Programs
Recruitment Branch, Department of State, Box 9317,
Rosslyn Station, Arlington, Va. 22209.
. Applicants for mid-level Foreign Service Reserve
Officer posts must be at least 30 years old and have
relevant education and work experience.
For further information, contact the Office of
Recruitment, Examination and Employment, same
address.
The Wta&ton-Salem Chronicle is published every
Thursday by the Winston-Salem Chronicle Publishing
< Company, Inc. 516 N. Trade St. \M*i1ing Address: P. O.
4 < Box 3154, Winston-Salem, N.C, 27T?: I'S.ne: I'll *624.
Sccond Class postage paid Jt Winston-Salem. N.C.
Subscription: $9.6<) per vear payable in advance (N.C.
sales tax included).
Opinions expressed by columnists In fhU newspaper do
not necessarily represent the policy of thi* ^aper. M umber |
N. C. Black Publishers' Ahtnclstlon. >
PI'BLICATION USPS NO ?
?
Beach
By T. C. Jervay
Wilmington Journal
Which is more important: the
convenience of commercial fishermen,
other businessmen, and pleasure seekers
or the property rights of others,
especially property which has been in
families for scores of years. And,
I Trade Fair Schet
The second annual Statewide Mil
1 Fair has been scheduled for Wed
I Thursday^Oet^ 3-4 at the Charlotte C
Mrs. Catherine Szucs, minority bush
ist with the Charlotte office of the Sm
Administration and trade fair chairmai
iL 1 rVAA ? I
uian purcnasing agents are beir
the fair.
"It is an established fact that trade 1
an unique opportunity for the estat
producitve relationships between 1
sellers," said Mrs. Szucs.
Thr fair is sponsored by the Carolii
tion of Regional Minority Purchasing
grouping of three such councils est
promote expanded use of minority con
suppliers. ...
Businessmen wishing to attend are
to set up booths featuring displays of th
or services. Ther is a cost of $100
There will also be a banquet Wedn
~ with the speaker, Ms.?Margaretexecutive
director of the National Mine
sing Council.
) $
; >
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I 942 Alcoholism The Scope of
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10 Poisons in The Home
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49 No-No Whdt Dog*.. M |
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I 200 Normal Feet m Cnitdrco
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I 232 Speech Problems >n
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239 NeceiftAry Inoi" yia'iona
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formerly, valuable property, too.
The case in point is the Carolina
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Mr. and Mrs. Frank Hill came home
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260 Supplies For The 471 Children *
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241 Care Ot The Newborn 473 Facts and
262 Sudden Infant Death Contact l<
263 Teething 474 Presbyopi
361 Muscular Dystrophy in I Need Rea<
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401 When Your Child Goes to *
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402 Where Old I Come From. Electrical
Mams'* I ? Shock
96 Poisoning
DC WTAL HEALTH I M Heading
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302 Effective Toothbrushing 101 Thermal E
303 Dental Plaque 102 Mouth To
305 Malocclus?on - Crooked tat ion (Sn
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307 Seven Warning Signs O* 107 First Aid I
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309 Canker Sores And Fever Hoart Att?
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310 How Important Are Baby 109 Epileptic
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311 What Not To Do For A us Animal Bi
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313 What You Don't Know 122 Cuts & La
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314 We Know What Causes
-Bad Breath Do You' GENERA
31ft Are Dental X-Rays fteaUy 17 lock|aw
Necessary 34 A?em*a
OIABETES ^ Understa
11 ^ Have u'abe,es 37 SJ^Jchc
And Not Know It . ,.mot ar
233 Diabetes In Children 46 I? ?* $
609 Answers To Questions . r
Often Asked About D.a- 61 ^
betic Diets 70 Sore Thf(
DIGESTIVE SYSTEM JJ Kidney Si
2 What Is A Normal Bowel'
4 Hemorrhoids IJ
aa i ii " Epilepsy
!? , 147 The Ladv
45 indigestion ,, * ? \
7% Appendicitis 1M How 1
196 Peptic Ulcers ,urc Pu'a
196 Hiatal Hernia ?_4 ''.on
199 Colitis And Bowei D.s- a*!??*?
219 Laiathres 194
630 D-arrhcd 2?rw
Ml Gall BldOdc Trouble ^ ^IdOTf
DRUG ABUSE Vounn C.\
130 Drug Abu'iti RciOo'cei ,n 565 Hypogiyc.
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134 LSD Multiple !
136 Amphcl*rr?incs And Bdr- 1030 Rocky Mi
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137 Marian* Problem
136 Narcotics 1<*2 Sports Ti
Youngstt
iVE CARK AND 1101 t?ercfcir
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S Glaucoma 1140 Blood In
45 Pesky Pinkeye 1141 Kidney A
231 Hearing Loss In Children Infection
4 SO f rom Hearing Loss To
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451 Hoanng LO'^S t'orr No-SC HEART
470 Seeing Spots And
^loateri 23
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Fight Engii
Mrs. Hill, the former Lulu Freeman, a
member of the famous Freeman clan of
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Ocean. They envisioned selling lots for
cottages on the beach front, but many
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Vision 25 Hypertension And Blood
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enses 27 Health And Heart
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For A Person MENTAL HEALTH
j O' Having A 21 Coping With Stress
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59 Positive Communications
77 and Sexual FoMtHmeot m
^ Marriage
* 59 Fair Fighting in Marriage
cerat o s ?o Understanding Grief
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143 Death and Dying
L 149 Oivorce ? if Coutd
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197 Building Self-Confidence
439 How To Deal W?th
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144 Emotional Experiences
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w 403 The Young Cn^d - Eat?ng
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* S01 Low Salt Diet
J, , , A?? b02 How Important AT Trace
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r .903 Break fast Whv .? it
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itrrn. 604 A Gu,<Je T? Go?^
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ig - Warm Up I 50 Te?n v?*rV.* A9? 0?
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The Unhc I S1 When A Nc* Baby
n<J Urinary Tr<i?t I Creates Jealousy
133 fdwtce for Porent.s 0
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I 226 Should I Keuo My Child
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405 The Smqle-Pd'enl Fjm.iy
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JUS& ' ir* -eLa&ya^eE ? ? ajprn-frnf
by The Wineton-Salem CI
neers
whites in that area did not wish blacks to
come thru Carolina Beach to get to the
Freeman property, although blacks
would be traveling on public streets.
One Sunday, a white resident claimed
that blacks crossed land, although in
reality (the JOURNAL investigation
See Page 5
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12 Am I Really Pregnant"* I ,
14 Family Planning
24 Abortion |
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2 The Premature Baby
M What Cause* Miscarriages''
7 Warning Signs In
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M Infertility
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Venereal Disease
52 Lice Pubic. Head and I
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162 Hepatitis
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1&4 Medicaid
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431 Child Protective Serv>cos
433 Full-Time Foster Care of
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3 38 Influenza I
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662 Shortness of Breath
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60 Ringworm
62 Why The Mystery About
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172 Acne
516 Itching 6*,ri '
VEMEREAl DlftFACF
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WOMEN | I /
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39 Feminine Myg-ene
42 Im Just Tired Ooclc
173 Menopause
182 What It A Pap Test1
881 Breast Feeding Your
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882 Emotional Feelings After
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83 Caring For Vou'soil After
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888 Hysterectomy
898 Female Sexual Response , |
8tf Ripe A Crime o* Violence I
Agam?t Women
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