PAGE SIXTEEN
THE PILOT—Southern Pines, North Carolina
THURSDAY, OCTOBER 29, 1964
STATE TO VOTE
(Continued from Page 9)
above purposes, the unneeded
funds may be used to retire out
standing school bonds issued by
the county or municipality in
which the administrative unit is
located. No other use of the bond
proceeds is permitted by the act.
Question: What are the steps
that a local administrative unit
will have to take to receive its
share of the bond proceeds,
should the bond issue be approv
ed by the voters on November 3?
Answer: A—To receive funds
for actual school construction, re
construction, etc. as specified in
the Act, an administrative unit
wiU be required to submit to the
State Board of Education for its
approval “a plan or plans of ex
penditure and of school organiza
tion.” The State Board, in ap
proving such plans of expendi
ture must give priority to “basic
facilities and equipment essential
to an adequate school program.”
B—Should an administrative
unit desire to apply part or all
of its share of the bond proceeds
to the retirement of outstanding
local school bonds, it will have
to demonstrate to the satisfaction
of the State Board of Education
that such funds are not needed
within the unit for the stated
purposes for which the bonds are
to be issued.
Question: Will the State of
North Carolina have to increase
taxes in order to repay the pro
posed bonds?
Answer: At the present time,
the General Fund tax revenues
exceed $400 million per year,
from income taxes, sales taxes,
franchise taxes, beverage taxes,
and the others. These revenues
are growing at the rate of $30
million per year. It has been es
timated that the repayment of
the bond issue, and interest,
would amount to less than $7 mil
lion per year. Debt service on
the bonds would thus amount to
less than 2 per cent of annual
General Fund revenues, and far
less than the annual increase in
revenues from existing taxes. The
State of North Carolina is thus
quite able to take care of re-
payment of the bonds from the
increasing revenues from exist
ing taxes.
Question: If instead of a State
bond issue, the money were rais-
* , >' *
1-4 ^
General View of Enlarged and Redecorated Store
(Pilot photo)
‘Expansion Celebration’ Conducted at
A • . j _ 4-l^yv
Collins Department Store in
Aberdeen, which for weeks had
been struggling through a period
of enlargement and refurbishing
while carrying on business as
usual, presented to the public an
entirely “new look” when after
one day of being closed it open
ed its doors at 10 a. m. last
Thursday to launch a three-day
“expansion celebration.”
Enlarged by around 40 per
cent, newly decorated throughout
and equipped with modern fix
tures for effective display of an
enlarged stock merchandise, the
store drew many favorable com
ments. During the three-day
period six merchandise prizes
were given away every hour,
ending with 10 Saturday eve
ning.
Prior to the opening, the Rev.
C. W. Wooten, Methodist min
ister of Vass, conducted a brief
devotional period with the staff,
with the exception of C. L. Ty
son, manager, who is ill, and a
group from Charlotte present.
The Aberdeen store, establish
ed 29 years ago, is one of 20 Col
lins stores headed by W. A. Col
lins of Myrtle Beach, S. C. They
are located in the two Carolines
with main office in Charlotte.
This office also serves the stores
of Harold Collins of Southern
Pines, a brother of W. A. Collins.
In Aberdeen several days to
assist with the opening were the
following from the Charlotte of
fice; A1 Bruce, merchandising
manager; Lawrence Smith,
men’s buyer; James Cashion,
ed by county bond issues, would
the county have to pay more in
terest?
Answer: The average county
would certainly have to pay
more interest if it borrowed the
money itself. The State has a
Collins Dept. Store
boys’ buyer; Norris Van Dyke,
promotional manager; Horace
Noble, ready-to-wear buyer
James Hartsfield, home furnish
ings buyer; and Mrs. Macy Har
ris, sportswear^ buyer.
'The regular ' Collins staff at
Aberdeen consists of C. L. Tyson,
manager since the store was
opened; Thad Lowder, assistant
manager who has been with the
organization almost as long; Hur
ley Short, Mrs. Elsie Lawrence,
Miss Bessie Monroe, Mrs. Verla
Aldrich, Mrs. Lena Phillips, Mrs.
Sarah Veasey, and Miss Julia
Weaver, cashier. (
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Geo. H. Leonard, Jr.
James Hartshorne
QTlacQienzie 0iUg.
Southern Pines, N. C.
Ph. 692-2152 Ph* 692-2841
very high credit rating, and a
strong fiscal position. For this
reason, the State can borrow
money at a lower interest rate
than the counties as a whole can
borrow. A State Bond issue thus
presents a very real saving to all
of the people because of the low
er resulting interest rates.
Question: If the State provides
the money through a State bond
issue, will the State tell the
counties how to spend the
money?
Answer: No, the decision on
what schools are to be built,
where they are to be built, re
mains a matter for the board of
education in each school adminis
trative unit. The Bond Issue thus
will not interfere with local de
cisions on school organization.
The General Assembly did re
quire that each board of educa
tion prepare a plan of expendi
tures of the funds, but the Gen
eral Assembly did not authorize
the State Board of Education to
tell county and city boards of
education how and where to
build local school buildings.
KiLomn DOCTOR
THE STORY OF
LITTLE FREE WORKERS
THESE ARE THE WORKERS
RftILRO/iDER i^lNER STEELWORKER FARMER LAWVER GROCER SALESCLERK REPORTER
MANPOWER ENGINES
Bucket brigades and fire en
gines moved by manpower in
stead of horsepower in the 1800’s.
This equipment may be seen in
the Market-Firehouse in Old
Salem, one of the exhibit build
ings at Winston-Salem. The fire
engine was reconstructed from
many parts.
Ten little hee workers in this country line and fair.
But if you cherish your freedom—worlcer have a care/
Ten little free v/orkers—Reddy was doing fine
Until the socialists got him—(hen there were nine.
^ ^ S ^ ^ ^
Nine little free workers laughed at Reddy's late
Along came federal medicine—(hen there were eight.
A S3. A, Ivf) 4
Eight little free workers thought this country heaven
But the government took over the railroads, then there were seven.
W. LYNN MARTIN
CAPABLE
AND
QUALIFIED
CANDIDATE
INTERESTED
IN
MOORE
COUNTY
DEMOCRATIC CANDIDATE
FOR
County Commissioner
DISTRICT 2
Your Support Will Be Appreciated
Paid Political Advertisement
o22,29
1^
Seven little free workers—'till the miners got in a fix.
Uncle said coal's essential and took over leaving six.
Six little free workers 'till the day did arrive
The steel mills too were federalized—then there were five.
Five little free workers—but the farmers are free no more
The farms have been collectivized—that leaves only four.
Four little free workers till the government did decree
All mus( have free legal advice—then there were three.
Three little free workers—the number is getting few.
But with government groceries selling food—then there were two.
Two little free workers—our story's almost done.
With clerks at work in federal stores—that leaves only one.
One little free worker—the reporter son-of-a-gun
Mustn't criticize government—so now there are none.
Copyright 1961
Ten little workers—but they are no longer free
They work when and where ordered, and at a fixed rate you see.
And it all could have been prevented if they'd only seen fit to agree
And work together instead of saying "if never can happen fo mel"
Yes ... this could happen to you. This little story could come true unless each ol us works to
preserve free enterprise. What can you do? Write your Congressman and ask him to keep
government out of business.
CAROLINA POWER & LIGHT COMPANY
Art investor-owned, taxpaying, public utility company