Newspapers / Oxford Public Ledger (Oxford, … / Dec. 9, 1955, edition 1 / Page 10
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SPENDING CRAZE HAS SUPPLANTED THRIFT, ROGER BABSON SAYS By ROGER W BABSON NEW YORK Dec. 8.—There are many reasons for inflation. Most important has been the fact that inflation comes when the supply of money exceeds the supply of goods We Have A Choice The above can occur either by (1) * The Mao Who rayo the ftetfnt — Samoei Davis Hardware., ine Ciarhsviiie. Va O 88 ea fri tf an increase in government or pri vate credit which resuits in higher prices and higher wages or (2) an increase in the circulation s,f mon ey, which can have the same effect as more mauley; this tatter comes as a resuit/of boom times such as are now being enjoyed by New York and other barge cities. Contrariwise, if unemployment in creases and advertising appropria tions decrease, retail trade will de YOUR WATCH !S A DEUCATE tNSTRUMENT AND SHOULD HAVE THE BEST OF CARE If the balance wheel in your watch were rolling in one direction, it would travel nearly 4,000 miles in one year. Without an oil filter, you would change the oil in your automobile every thousand miles. Why not change the oil in your watch every 4.000 miles? To prevent much wear and many troublesome or serious consequences, your watch should be thorough ly cleaned and lubricated at least once a year. For the Best in Watch Repairing at the Most Reasonable Prices See CHARLES BR!NKLEY 318 Spring St Oxford, N C. ALL WORK GUARANTEED YOUR ZEN!TH TV DEALER )n Oxford )s HARRELL SRAD!0 & TV SERV!(E Phone 3230 HH!sboro Street HARD TO HANDLE The mayor of Meridian, Conn., vetoed women at tending police judo school to learn to protect them selves—"Women are pretty hard to handle already!" Rut if it's money you have trouble handling, open a checking account with UNION NATtONAL BANK Oxford, N C. WEBB 36ENCY Don't put it off Wake up now to the need for a weii rounded insurance program. We'U heip you pian tor reai protection of your home, your automobile, your tMSURANCE AT REDUCED COST FOR HOME-AUTOMOBlLE-BUS!NESS cline and Inventories accumulate I Ihen the supply of goods will In crease. credit and money will tight en. wages will decline, and we will have deflation It's the old story: We cannot have our pie and eat ! it too "We can choose between full ! employment with higher wages and higher prices, or unemployment with lower wages and lower prices. Today's New Factor Since Worid War n. another very important cause of Inflation has ' become operative. This may be call ed psychological cause; but it is ! really due to the talk about "atom ic. bombs," "hydrogen bombs." and j guided missiles." To scare us into demanding great : er expenditures for defense and a ' willingness to be taxed therefor, we are fed with this probable fact - namely: If World War III should now come, the 20 largest U. B. clt i ies with 30,000.000 iunocent U. S. people would be wiped out. Saving Becoming A Lost Art Constant talk of this sort in the press and over the radio is destroy ing the American nabit of thrift, substituting therefor a spending craze. Before we heard of atomic bombs, people wouid get a mortgage for oniy about 60 per cent of the cost of a house. Their ambition then was to pay up this mortgage and have the house free and clear "j Furthermore, most mortgages were ! written for a term of not exceeding , five years. Now. as a bribe to voters, the ; government offers or guarantees j credit so that a new house can be i mortgaged for 93 to 100 per cent of the cost, with from 20 to 30 years to pay the mortgage. In view of the talk that Worid War III is inevi table—although it ptobably wtli not come for fite years"—people are reasoning as foiiows: "World War m will wipe out both me and my house—then I'ii never have to pay the mortgage. Or esie the inflation coming with or after World War III wiil cause the value of our dollar to go down to ten , cents. In that case, if the house and I continue to exist, I can pay this mortgage with these ten-cent dol lars." The same reasoning applies to enjoying automobiles, TV sets, washing machines, and even luxu ries now on borrowed money, rather than waiting until World War III when one would have neither these things nor the money, and would perhaps get killed to boot. "Eat. Drink and Be Merry New" Although the above is very con trary to the way we older people were once taught, yet it is the way young people are now reasoning. I hate to admit it. but may be logical reasoning under the terrible threat of World War II. This threat our boys are today being fed by their superior officers while in army training. Surety this is the basis reason for the prosperity which I find today in New York and the other 20 cities which we art told are liable to be destroyed. In addition to the above econom ic reasoning, there ts an important political influence—one which both Republican and Democratic lead ers recognize. This is that in order to "stay in" or "get in" office they must have, or promise, full em ployment and prosperity now. In order to give this to the voters, the government must supply more credit, favor higher wages, and make it easier f tr the vottrs to buy —without money—houses, automo biles and anything else they want. This means more inflation. Since the great number of voters are in dustrial v.ageworkCiS who arc be ing fed the scare threat that Worid Wat III wiil come wtthm live yews do you biame them for their short sighted income reasoning? FERTH.IZER FROM COAL A singie plant of the E. 1. duPont de Nemours Co., located at Beilee. W. Va., produces from coal every year more than 150.009 tons of fer tilizer. or enough to fertilize 4.000, C00 acres of iand under cuitivation. CHURCH NOTES GOSHEN PRESBYTERIAN CHURCH 7:46 p. m. Evening worship. Ser inon by Rev. T. T. Traynham. HERRON AND OAK HULL Rev. R. L. Berry, pastor. wiU preach at Hebron Presbyterian Church at 9:45 a. m Sunday and at Cak Hiii at ii a. m. KINGDOM HALL Eucating Ourseives for Peace and Life" wtii be the topic of the address to be given by J R. Brown, representative of the Watchtower Society, at Kingdom Haii. 509 Broad Street, at 3 p. m. Sunday. Dec. H. ST STEPHEN S EPISCOPAL Rev. Aiban Richey. Rector 8 a. m. Ceiebration of Hoiy Com munion 9:43 a. m. Church School and Aduit Class'. ii a. m. Morning prayer and ser mon. s 6:30 p. m. Young People's Service League. OXFORD PRESBYTERfAN CHURCH 9:45 a. m. Church Schooi. Baird Bibie Ciass wiii meet with Method ist Men's Class at the Methodist* Church. 8:45 to 12: Nursery and kinder garten. ii a. m Morning worship. Ordi nation and instaliatiin of ruling ei ders and deacons. 6 pm. Senior High Fellowship Supper and program. Pioneer meet ing. Supper and program. Wednesday: 3:30 p m. Junior choir rehearsai. 7:30 p. m. Prayer and Bibie study. "The Life and Teachings of Jesus ' Thursday: Chancel choir rehear sal. CHRISTIAN SCIENCE . How safety and strength may be maintained through steadfast trust in God's power wiil be brought out at Christian Science services Sun FKHT FAMtLY COUCHS & COLDS Soothe Sore Throat REXALL LOZOTHRK1M THROAT LOZENGES jL Not just flavored rough drops but an nnt^rofrc formula with' lyrothricin. Swift re* Mefforsimplesore throat and coughing caused by colds. Rdieve CoMs in Any Stage REXAU ANAPAC TABLETS Antihistamine with APC -aspirin, phenacetin and cafTeine — for quick, pro longed, * **X relief of ^ ** ^old misery at every stage. Thefamity Cocgh Syrup REXAU CHHMMOTE Combines 12 proven ingredients to relieve tickling throat and helpquiet spells of coughing caused by colds. Pleasant tasting. We FiM Any Doctor's Prescription HaH's Drug Store 4111—Rial—4112 Time To Condition And Train Hunting Dogs Clyde Morton, nine-tune winner of the National Cham ponship Trials, says, "Both men and dogs need pre-seaaon workouts. "As hunting season approaches both need training to get into condition and to sharpen their hunting skills. That's why I recommend man and dog train together, start ing 6 weeks before the season. It never should start less than 4 weeks before opening day. " Your dog will go for Purina Dog Chow available in Checkers and Kibbled Meal. It's built to meet dog's nu tritional needs, tested on thousands of dogs at the Purina Research Kennels and proved by thousands of satisfied own ers of pets, hunting and farm dogs. TAYiOR from "Science end Reeith with Key to the Scriptures" by Mhry Better Eddy viC be the foiiowins t44t:i0': "Step by step eii) these vho trust Him find that Odd is our refute end strength, e very present help tn trouMe." Scripturei selections wi!i inciude the fottowtnE frost Peahna (M:i< "He that d<he!leth in the secret place of the most High shat! abide under the shadow Of the Aimiyhty " Heat Adtnira) Richerd E. Byrd was ftrat to By over both the North and South poits. !.MW TONS pF COAT NEEDED DABLY Detroit BdMn?obAi!&!^'s New River Rouge piant WiU begin opera tion: in February, 1936. and when the first three unita ,a?e, pperaUng in November, 1M7. they #Mi re quire 7.S00 tons of coat a day. -4 GttYowurOapy DKtEMMK WOMAW'S MT Per Copy -^AME PARKER Famom Fruit Cake yaat***#*t*V*tM* " "Saper-Righr Meats AtP "Suptt Right* mMt< tn taMbt.Mcytutttwytimtbt ? aMaetM&pMittptchUytt kcted iat Set qntlity. Wa won ' . dty tiMy*rt ftmomt (at taiut! HEAVY WESTERN CRAtW FED REEF ng 7-in. Cut ) ROAST - - n 63c er Or Bonetess , K ROAST ^ 5Se "Super-Right" Freshty Ground tOURD BEEF L. 35c Hreah Pork Loin-Haif Or Whoie FORK ROAST - * 35c "Super-Right" Siiced FORK UVER - 1!c MJCFO BACORls 35c "Super-Right" Pure Fork Sausage - ,R !5e "Super Right" Center Cut Loin FORK CHOPS .. 55c "Super-Right" Ai! Meat Frankfurters - - ^ S9e FMMHDER - -ft). 45t GaR^HsAn s Standard Fresh Oysters - ss? SSe LEADER yALt/E/ sh.r Gr.it. SBETMM MCE LEADER yAH/E/ cutstyie HA. B.t .-ijii.i't MM BEETS LEADER VAL^/E/ A&P Brand—"Our Finest Qnnii'.y" FRU)T MCKTA!L LEADER yALEE/ Packers Labr SP!CED PEACHES 7., Wo M3 HJOr Cans wo. Can ' " No 2'A - - * Can 35c 10c 35e 2tc HOUDAY NUTS Large MAULS m 45t Ctean—Mixed HUTS m Mt Large English WALHU1 5St Large Meaty PECAMS m 69t Scott Brand Toiiet Tissues 2 R°"s 23c A&P Fancy Whttc Meat TUNA F)SH- -- S 29c With Beans AUSTEX CHILI25c Jane Parker DouMe Crust LEMON PIES - ""'39c # JAM MSMS AMCtL MOb # R!M s 39c En/op Plenty Of <4<&P's Far?w FrpgA Fruits & VegetaMes Juicy Fiorida Large Juicy ,. ^ * Fiorida Grapefruit -,8 & 39c Sweet Faii Russet Bose. Peat^s Lb. 14c Thin Skin— Easy To Pee) Florida Tangerines — Lb. 10c Fancy Western Red De!iciousApp!es —-J-Lb 17c FuU Ears Tender Fresh Corn - 4^ 25c ORAWCES Coiden R Gerber's Baby Foods Strained ^ Jars 29c Chopped j.r 14c Shortening SPRY 'X 31c ^ 85c A&P's Own Detergent SA!L 23cpkg49c Cheese Crackers - 19c Swt. Mix. Pickies - 19c pewco $hoe Peg Corn - - - 2 35c Krispy Crackers - - sunshm. ^ 25c . AMV /MGE . Satad ^ — . Jar DresMwg GRAPE JAM - - PLUM Pre$efve$ Our Own Tea ' Rajah Cocoanut - shaded Nibiets Corn wh.i.Kernei An^ Page B!ack Pepper - dMiMince Meat .—._ 4-Oz. Pkg. 12 0! Can 1-Lb. Pkg 290z Jar . Holiday Camdie: . Worthmore Oid Fashioned Choc. Drop: a? 25c Worthmore Marshmaiiow Choc. Sanlas 25c Warwick Choc Covered IhmMmis m 3Sc Hershey s Choooiat? Min&iaf*: ^ 49c rhMt Prices E/fec!iue Thru Saturday OBC. Mth
Oxford Public Ledger (Oxford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 9, 1955, edition 1
10
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