trust funds
bare been excluded from the
regular Budget presented to
Congress. Trust revenues for
fiscal 1909 are estimated to
provide a surplus of several
billions of dollars to offset ex
penditures in the traditional
departmental and agency ac
counts, and thus the $8 billion
deficit which the fiscal 1989
Budget reveals rises to $11.8
billion under the yardstick used
until this year. Still this as
sumes a tax increase.
One of the difficulties in
analyzing Budgets is that cir
cumstances arise quickly in a
perilous world to outdate them.
There is a strong belief that the
Pueblo incident which occurred
six days before the Budget
came to Congress has aggravat
ed the spending problems of this
Nation even more than this Bud
get reveals.
What all of this means is that
this Nation must reexamine its
commitments at home and
abroad. Priorities must be as
signed to programs that are es
sential to the survival of this
Nation and the functioning of
its government. Those spend
ing programs that can be defer
red will have to be or we face
even greater problems ahead.
NOTICE
State of North Carolina,
County of Transylvania.
In The Superior Court
BEFORE THE CLERK
DUKE POWER COMPANY,
Petitioner,
vs.
EDDIE WOLOSON and wife,
JUDY WOLOSON; LEWIS P.
HAMLIN, Trustee for Brevard
Federal Savings & Loan Associa
tion; BREVARD FEDERAL
SAVINGS & LOAN ASSOCIA
TION; LEWIS P. HAMLIN,
Trustee for C. L. Justus and
wife, Malvena Justus; and C. L.
JUSTUS and wife, MALVENA
JUSTUS;
Respondents.
The respondents, Eddie Wolo
son and wife, Judy Woloson,
will take notice that an action
entitled as above has been com
menced against them in the
Superior Court of Transylvania
County, North Carolina, and that
the purpose of said action is to
acquire a right-of-way and ease
ment over your property locat
ed in Transylvania County,
North Carolina.
And the said respondents
will further take action that
they are required to appear in
the office of the Clerk of die
Superior Court of Transylvania
County, and answer or demur
rer to the petition in said ac
tion on or before the 4th day
of March, 1968, or the petition
er will apply to the Court for
the relief demanded in said pe
tition.
This the 19th day of Janu
ary, 1968.
J. O. WELLS,
Clerk of the Super
ior Court
l-254te
Science for You bob So™
PROBLEM:
W
1 cup
map.
dered dry yeast, 1
cup Sour, two bowl*.
DO THIS: put a
half-cup of water
into cadi bowl, and
add one op. sugar to
each. Put the yeast
in only one bowL
Put a half-cup of
flour in each and
mix. Set in a warm
place.
WHAT HAP
PENS: in an hour
or so the bowl in
which the yeast was
placed will contain
a bubbly mass, while
the other remains
almost unchanged.
lne yeasf, wnicn consists or tiny plants, iecas on me sugar ana gives
off alcohol and carbon dioxide. If this takes place in bread, the car
bon dioxide gas makes the bread rise, and the alcohol is boiled off
in the baking. The heat of baking also kills the yeast plants.
This special "Science For Yon” feature Is sponsored by
Olin Matkleson Chemical corporation at Pisgsh Forest In
cooperation with Hie Transylvania Times.
BOOKS
By Friends of The Library
ra
Two recent books from th<
Transylvania County Library
tell otf different phases of th<
(building of America. They an
OUR CROWD by Stephen Bir
mingham (Harper - Row), ant
THE ROAD by North Carolina
author, John Ehle (Harper
Row).
OUR CROWD is subtitled
“Great Jewish Families of Neu
York. It is truly a collection oi
rags to riches success stories
And what success! Millions o
dollars are made, spent, saved
invested, and given away by th<
families described.
The accounts of the familie
founding the famous firms o
J. & W. Seligman & Co., Abrt
ham Straus, M. Guggenheim l
Sons, Goldman Sachs, etc., etc
are well researched. There is i
distinct similarity in the his
tories of their founders. Mos
of them came penniless to Amer
iea and in the space of a gen
eration acquired riches beyond
most people’s imagination.
Marrying within their German
Jewish circle they founded no1
only family firms but an exclu
sive close knit colony or
“crowd” of people with lie in
terests, background and abili
ty
The book is a well-document
ed social history written in a
ehatty style. There are several
KEEP YOUR RADIO DIAL
SET AT
1240
WPNF
Brevard, N. C.
News & Weather every hour on the
hour. Weather at 27 minutes past
the hour.
F-.
WPNF
Fine entertainment in between.
News At
Noon 6:00 PM.
7^0 AM.
■
mmm
i pages of photographs of the
' people and of their homes.
Jewish business men are
said to have carried their money
in their top hats. As the work
ing day progressed the hats
would ride ever higher on the
wearers’ heads. Jacob Schifif
started the custom of matching
gifts (I give a thousand if you
match it), so widely used to
day.
In the years following the
Civil War fortunes were amass
[ ed in America on a scale never
before imagined. (Today mu
seums, hospitals, foundations
i and many other charities bear
1 the names of these families.
’ In chronicling these histories
! Mr. Bingham sometimes con
' fuses the reader by jumping
; from the 1800s and back again.
’ The entire book is, however,
quite readable and of value in
showing a part of American his
tory seldom encountered in his
tories.
THE ROAD is a novel. Its
somewhat weak plot is subordi
nate to the description of the
building of the railroad from
Old Fort to Asheville. Mountain
scenery and moods are outstand
ingly familiar and skillfully de
scribed. Strange and wonderful
stories are told of incidents dur
ing construction
Convict labor — black and
yhite, male and female — was
used. Hair-raising danger —
snakes, landslides, fire — are
encountered. Mir. Ehle is an ac
complished teller of tales, and
anyone living in Western Car
olina will be interested in the
book about the road that chang
ed Asheville from a village
smaller than Brevard is now in
to the city it is since the turn
of the century. '
NOTICE
State of North Carolina, ;
County of Transylvania.
The undersigned, having qual
ified as Executor of the Estate
of Evelyn K. Baynard, deceased,
late of Transylvania County,
North Carolina, this to to notify
all persons having claims
against the estate to present
them to the undersigned on
or before the 15th day of Aug
net, 1968, or this notice will be
pleaded in bar of recovery. All
persons indebted to said estate
will please make immediate
payment to tile undersigned.
This the 22nd day of Jwmr,
1968.
GAEL R. BAYNARD
Executor of tbs Estate
of Ertiyn K. Baynard,
c/o Hamlin, Potts A
From Washington
By
John Chamberlain
I
Either wilbnr
Mills of the House Ways and
Means Committee has sec
ond sight, or he gets early
news front the Detroit grage
vine. For, no sooner had he
csst a cold eye on the Ad
ministration's renewed de
mand for the ten per cent
surtax than the gloomy tid
ings of lagging January car
sales began wishing the fi
nancial page headlines.
Secretary of the Treasury
Henry H. Fowler and Federal
Reserve Board Chairman Wil
liam McChesney Martin have
been unduly insistent that a
tax increase is needed to head
off the inflation that keeps
foreigners from paying , decent
respect to the dollar But the
pragmatic verdict of Detroit
seems to be that we’ve had the
inflation already: its market
expression in the high price of
cars is getting its comeuppance
in a customer strike. People
just aren’t buying cars in the
quantity that bad been pre
dicted when the auto companies
were making up their prelimi
nary estimates of 1968 sales.
To be sure, the auto manu
facturers are still optimistic
about a springtime upturn. As
of the third week In January
they were still scheduling big
February production, with
GM planning a fifty per cent
increase over February of a
year ago, Ford going for a six
ty per cent increase, and the
American Motors Company
tripling its planned produc
tion. But the January sales
have not kept pace with de
liveries, and the inventories
of unsold cars in the deal
ers’ hands have been mount
ing.
So Chairman Mills’ premoni
tions have (been more trustwor
thy than all the "fine-tuning”
prognostications of the Hellers,
the Ackleys, and the Okuns who
make up the forecasts on which
LBJ depends. It would toe a
transcendent joke — though a
sour one — if the 1968 situation
required a tax cut to stimulate
the sales that are needed to
give the President the tax vol
ume he must have to carry on
the war in Vietnam and to win
the election next November.
The Administration is al
ready the victim of a sour
joke. Following the prod
dings of Ralph Nader, it went
all out for car safety. So the
auto companies added the re
straining belts, the collapsi
ble steering wheels, and the
other devices recommended
by the safety engineers. Nat
urally, the safety coats had to
be added onto the price of the
car. Far from appreciating
what Nadar has done for him,
the customer has tended to
draw back. Rather than pay
the higher Monetary price for
safety, some people have ap
parently decided to go a lit
tle longer with the unsafe
old car. Others are buying the
Japanese Toyota. The Toyota,
like the Volkswagen, |o one
of the smaller makes, which
automatically means leas safe
ty on the truck • crowded
American highways
Since labor contracts are writ
ten for a number of yean
ahead, there Is no immediate
way of cutting the labor coot
out of prices. Nobody is going
to sell below the costs of pro
duction. The only way the gov
ernment can spark the boom
that is necessary to keep its
tax volume up is to leave mom
money in the pockets of pros
pective buyers. Apparently thli
is what Congressman Mills feac
in the back of his mind whei
he indicated that he could giv<
Secretary at the Treasury Fow
ler no hope for a tax increase
without really significant cut
in government spending. Th<
Ways and Means chairmai
doesn’t see many spendthrift
around clamoring to get rid a
their cash; indeed, the news h
that the rate of savings deposit
increases is up.
K (he hoped - for automo
bile boom doesn’t materlal
ixe within the next few weeks,
the effects will be felt all
through the economy. As De
troit goes, so goes steel and,
to a lesser extent, aluminum.
With steel down, there Will
be less income to be taxed—
or surtaxed. Not even the
prospects of a steel strike
wiH lead to the forward bay
ing of raw steel that the Ad
ministration has been count
ing on.
The European central bank
ers have been telling the Amer
ican banker representatives ir
the. international “gold pool’
that the ten per cent surtas
would help restore confidence
in the U. S. dollar. But if the
U. S. domestic economy falters
because of consumer resistance,
imports from Europe will fall,
too. Production, not taxes, is
the key to everybody’s troub
les, both in Europe end in
America
The central bankers may
keep their eyes on gold bal
ances, hot this column keeps
its eyes on Detroit, which is
the city that must be con
sulted before tax decisions
are taken.
i
■
'—to* yfc
OoMl League was formed, tod
consisted of eight hesebsll
teems, Boeton, Chicago, Cin
cinnati, Hartford, Louisville,
New York, Philadelphia and
Sti Louie.
_.Feburary 6, 1982 _ King
George VI died and his daugh
ter, Print ass Elizabeth, suc
ceeded him to the throne, tak
ing the title Queen Elizabeth
II. h
February 12, 18*5 - Creek
Indian treaty signed. Tribal
leaders agreed to turn over aH
their lands in. Georgia to gov
ernment and promised to mi
grate to the West by Sept 1,
1862.
February 17, 1948 — Ameri
can patratrooper* started laud
ing on Oorregidor in the Phil
ippines and planted .the flag of
the United States on a half
mile stretch of land there.
. February 21, 1928 —The first
edition of The New Yorker
magazine was published.
February 25, 1798 — The
heads of the various govern
ment departments met with
President Washington at his
home, the first recorded meet
ing of a President’s cabinet.
If a man is overweight and
out of shaipe, he Should see a
doctor before shoveling snow
even if be has no symptoms of
ill health, advises the North
Carolina Heart Association.
Chiropractic Treatment
Dr. L. G. Sumner
HENDERSONVILLE, N.C.
702 Fleming Stoat
693-4048
Asheville’* Only Key Club
Call AL 3-3068
I WAS '
WITH MY ^
* MOTHER
To tender loving care of the sick, add
prompt medication with modern
drugs and you have an unbeatable
combination for the quickest possi
ble recovery. We at Morris Phar
macy stand ready to serve you.
Morris
Your Farm!n DRUG* STORE
%*bdy but your
. newest rooftinc
T«SriHo. Or
fcuuMJy