DAYTON TIRE SALES COMPANY
Tim, Batteries sad Seat Covers
210 W. Morekeod __ Tet 3-3171
CHARLOTTE. M. C
SEE
HOY FERGUSON
' For Best loryrim in Used Core
See Me Before Buying or Selling
IlHr and Brevard Streets
CHARLOTTE. N. C
Tel. 4*5136
and 5-78JS
COMPLIMENTS OF
FAUL & CRYMES, INC
SPORTING GOODS
410 So. Tiyoa Jt
CHARLOTTE, N. C.
Tol. 4-0897
Some of The Things We
Lend Money on
Di*jn Mb
W««cL<m
Jmrtlrj
Mcf’^ CMUm
Tooto
Silverware
Shot Gaaa
Rifle*
Pistol*
Tranks
Addins Machines
Monica) Imtr anu
Kodaks
Typewriters
AH Business Strictly Confidential When in Need
of Money We Never Fail You.'**
8m m for bargain in diamond*, watch**. Jewelry, clothing, etc.
RELIABLE LOAN CO.
201 EAST TRADE 8TREET
U. & HOUSING CURBS
HURT WAGE EARNERS
(Continued Irm Pi|( 1)
1960 I* )(H than hall of that
authorized by the Housing Act of
1946.
.. (2) Down payments have teen
substantially increased for pri
vately built housing constructed
under the FHA and VA pro
grams, thus making it very dif
ficult for families without large
accumulated savings to obtain
any new privately built housing
The restricted housing pro
gram will produce dwellings al
most exclusively for higher in
come groups. The immediate re
sults. in terms of conservation
of materials and manpower, more
over, seem to have been nil.
Because' wp recognize that the
President’s restrictions were es
sentially an emergency action
and do not necessarily represent
a permanent policy, we are urg
ing that our entire national
housing policy now be recon
sidered. We would suggest that
the following principles be ap
plied in our general housing pol
icy during the coming period:
<1) Review of entire construc
tion program: limitation on those
parts of construction industry
utilising unnecessary quantities of
scarce materials needed for de
fense program.
(2) No further cu4bacte in the
low-rent public housing program
for low-income famili«4. Since
this program represents the only
possible means by w^iich low-in
come families can obtain decent
housing, it would be ehth^y un
fair for the group with the most
acute housing need to be cut off
from its only method of obtain
ing decent housing. ~
' <3) Passage ly Congress of
the co-opt r-tive Wa*i ng program
for mukUt-income families which
was defeated by • narrow mar
: (-in in the present se scion of
Congress. This program is ail;
the more netessary because in-,
r rraaed down payments and high- j
er selling prices for the newly
built houses deprive this- croup
erf any chance for new housing,
i (4) Instead of increasing down
payment requirements fo homes
built under the FHA and VA
program*, all classes of luxury j
housing should be, directly pro
hibited. This will result in con
1 serving building materials and
manpower and at the same time
will permit a more equitable dis
tribution of new housing among
the various income groups.
III. Special Requirements in
Expanding Communities
It is very important that some
of the disastrous experiences in
the war boom areas during World
War II should not be repeated
daring the present period. Wher
ever industrial, areas are expand
ed as a result of the migration
of large numbers of workers to
war production areas, these work
ers must be assured of decent
’•ousing and adequate community
facilities.
IV. Need For Strengthened Rent
Control
Recognizing the continued short
age of housing in many areas of
j the country, the American Feder
| ation of Labor has consistently
, opposed the weakening of the
: rent control law. It is obvious
that the rent control law which
■ was recently passed by the Con
gress is certainly not adequate
Tbr the period which we are en
tering.
f Rent controls must be contin
ued" "Beyond December 31, 1950,
«"d unless there is m drastic
change in the international situ*
■tioa, beyond June 3ft. 1961. The
rent control law must be immed
iately amended not only to pro
vide for eatension beyond its
present date of expiration, bat
also to permit recontrol of decon
trolled communities.. The Hono>
in* Expediter should be given
sufficient funds to permit a strict:
enforcement* of rent controls and
to prevent a skyrocketing of
rents.
201 CITIES ASK
HOUSING FUNDS
Washington.— Reservations of
capital grant funds under the
1949 Slum Clearance and Urban
Redevelopment program have
been made on proposed slum
clearance projects for 201 local
ities in the continental United
States and insular possessions.
Reservations are made on re
quests by governing bodies of
local communities, which certify
in official resolutions that the
communities intend to proceed by
July 1, 1961, with projects- quali
fied for federal aid under terms
of Title I ol*" the Housing Act
of 1949..
i. •. * V
ywvo* tt>
»Vt vf l.
•‘;wtw*.>w.»$ st»v ter
i»(k ivi* fi.;t a\ KAi’WkAi: -
, K&1* mam
fe*r*W»>f' rtru^tr.iriisr
**»3!*«
. in jaifjvrt «f‘ tin
14V,’ feint ;H>p .t:
■ t v ..
A millionaire told me this***
*♦
THEM ARIK’T many millionaire* left
today, I guess.
But my dad went to college with a man
who is now a millionaire. Dad took me to
lunch with this man a year ago—let’s call
him Murray Goodwin.
While they were lighting up their cigarr,
Dad asked Mr. Goodwin if he had any
good advice for a youngster like me. The
millionaire looked at me thoughtfully.
*Tve got some good advice for anjr man
who's working on a salary today. In fact,
you'd never hear better!
"Always remember,'' said Mr. £oodwin,
tapping the table, "that the only money
you’ll ever have is the money you’re sav
ing right now! Saving part of each pay
check is the ONLY way to save!
"And the BEST way to do it is to buy U. S.
Savings Bonds through your company’s
Payroll Savings Plan! These Bonds are the
safest, wisest investment you can make.
They're backed by the U, S. Government
"And," concluded Mr, Goodwin, knock
ing the ash off his cigar, **U. S. Savings
Bonds return $4 for every $3 invested—ten
years later!
This kind of saving is automatic, pain
less. You never feel it Try it!"
• • •
1 went on my firm’s Payroll Savings Plan
the very next day. And everything the
millionaire said about it is true!
YOUR PATRONAGE APPRECIATE*
BUTTERCUP
ICE CREAM
HAMLET, N*.a
4
TWJ1TT MANUFACTURING CO..
MECHANICAL SPECIALTIES
• Phone 2-2291
GREENSBORO. N^ <K
■*> •"’•LT*.
can beat
For Baking ...
400° Ovm in 6 MmvtM
For Fast Boiling ..
r#rk» CoffM in i MintH
For Profsuro Cooking
Snar to Sinmnr in Yl *rrnr4
$159.95
See
?:0fKTICN
in Action
Here!
STERCHI’S
425 S. Try on Street
129 S. College St.
Tent *T Q,** el oouresi to year "Intelligence
Qeotieet" Ik Mb bow huiI jret in. Bet whet about
you 'Heeponaibility Quotient"— that shows how se>
apcoatbla you ecu la the ooslect of yooz business?
To nu> e business successfully—to ossa sad hoop
yeas community's suspect—tskss e high TL Q." Tees
ability to moot year responsibilities is Judged by tto
promptness with Which yea psy hills sad tones...
sad by the community service your business renders
es s legal, law-abiding source of Jobs end wages.
Quo business fen particular that strives to maintain
a high "IL 0*to do beer industry. Respected as a part
el the responsible business Hie of your community,
the industry is seeing to it that it heaps that respect
The Brewing Industry keenly desires that only
isupons/hfa people will own or manage retail beer
outlets. That's why it is united in its support el the
Malt Beverage Division of the North Carolina ABC
Board ... and that's why conditions in North Cere*
line's beer ballets show increasing improvement
North Carolina Division
tmmi> STATS MUCWSHS FOUNDATION. WC