NCSU Offers
Guide To Crop
Varieties
Detailed information on
varieties of fall liarvested crops
for 1969 is now available to
Tar Heel farmers.
The information is
contained in the Research
Report No. 33. a summary of
the university's Official Variety
Testing Program.
Dr. John C. Rice, head of
the Variety Testing Program,
said the report contains
information on all fall
harvested crops. Included are
corn hybrids, grain sorghum,
corn and sorghum silage, and
soybeans and cotton.
The information on tobacco
varieties for 1969 was released
earlier tn Research Report No.
32.
"Selecting the proper variety
of seed is becoming more
important each year," Dr. Rice
remarked. "Information
available in these publications
should be extremely valuable
in making decisions on what
variety may be best in a
particular area."
All varieties ot seed sold lor
fall harvested crops in North
Carolina were compared on the
basis of yield, agronomic
characteristics, and quality at
over 60 locations. These
locations include both private
farms and research stations.
WASHINGTON - Congress
eturns to Capitol Hill this
*eek with many of the issues
jf the first session still
pending. These include: new
arm legislation, postal
eorganization and reform,
rnvironmcntal quality control
measures, electoral college
eform, new revisions of the
Jraft, anti-crime bills, and
teveral consumer protection
proposals.
Carried over, too, are
ippropriation bills for foreign
hd and the Departments of
Labor and Health, Education,
ind Welfare. Congress could
not agree on linal versions of
sither of these money bills at
the first session.
House and Senate conferees
an December 19th agreed to a
S2.5 billion foreign aid
ippropriation. but action was
held up when the Senate
objected to earmarking $54.5
million in military assistance to
finance a squadron of jet
planes for Nationalist China.
The S21 billion Labor - HEW
money bill became enbroiled in
an Executive - Legislative
battle over the budget in late
December. The President
threatened a veto because he
said the appropriation
exceeded his money request.
Congress did not press the
matter further at that time.
Thus, these money bills arc
now before the Congress again.
The major issue of the
session is not likely to relate to
these matters, but rather to the
allocation of Federal funds for
the hundreds of programs that
make up the Budget. Congress
imposed a S192.9 billion
ceiling on Federal spending for
the current fiscal year. The
President is now wrestling with
the problem of compiling a
new Budget for the fiscal year
beginning July 1st which meets
our national needs and,
hopefully, will not exceed
anticipated revenues.
The importance of the
Budget is that it not only funds
services and programs of the
Federal Government, but it
controls the tone of the
economy. An inflated budget
could wreak havoc with the
economy in the months ahead,
because the nation is already
experiencing a rising cost of
living at an annual rate of
about 6 percent. On the other
liand, just to keep existing
Federal services and programs
going will call for more money
than th? current Budget. Rising
interest rates and the steady
increase of the cost of existing
programs will see to that. For
these reasons, the President
and Congress are faced with a
potentially larger Budget from
these items alone.
It is unlikely, too, that
Congress, which voted a tax
reduction in 1969, will vote
any major tax increases in
1970. Thus, any realistic
Budget should be based upon
anticipated revenues from
existing sources.
As of this writing, the
President has not finalized the
new Budget which must be
approved by the Congress. It
seems certain, however, that
there will be more emphasis
tliis year on "holding the line"
on military, space, foreign aid,
and research and development
spending than in former years.
These are the areas that are
most likely to get critical
Congressional review. Fven so.
there will be a lot of give and
take over Federal spending at
this session, and it is too early
to predict just what the result
will be when all sides have been
heard.
Johnson
To Direct
Poultry Meet
Marvin Johnson of Rose
Mill. North Carolina will direct
activities as chairman lor the
world's largest poultry
gal he nng which opens for
three big days next week in
Atlanta. Georgia.
Johnson, vice president of
Nash Johnson & Sons Farms,
Inc. at Rose Mill is Nice
President of Southeastern
Poultry & F.gg Association,
sponsor of the 23rd Annual
Southeastern Poultry &. 1 gg
Association Convention and
International Trade F.xposinon
held at Atlanta's new Civic
Center.
Joltnson has announced an
expected attendance of well
over 7 - thousand people from
all segments of the broiler, egg,
turkey and allied industries,
with over 250 commercial
exhibitors showcasing their
products and services.
Johnson has a long record of
service in Southeastern, having
served on the board of
directors for five years. He is
past president of the National
Turkey Federation and a past
president and director of the
North Carolina Turkey
Fede'ation. Tie is president of
Raetord Turkev Farms.
Army Cited For
Topping Goal in
DOD Fund Drive
WASHINGTON < ANFI ?
The Department of Defense
Combined Federal Campaign
(DOD CFC) Committee has
honored the Department of
the Army (DA) for exceed
ing its goal during the 1969
fund-raising drive. This
marks the second year in a
row that the Army has
topped its grra'.
Everett L Butler, vice
chairman for DOD CFC,
highlighted the occasion by
presenting a plaque to Un
der Secretary of the Army
Thaddeus R. Beal at an in
formal ceremony at the Pen
tagon.
Butler cited the Army for
pledging 1773,430 and ex
ceeding its $755,000 goal by
more than $18,000.
In presenting the plaque,
Butler thanked the Army for
assisting DOD to exceed its
goal of $2,150,000 by more
than $100,000.
Singled out for special
praise by Secreta'ry Beal was
MaJ. Gen. William H. Nutter,
chairman of the DA CFC
Committee.
Lb
U.S.IihIW'U"'"'
taxpayers Ask IRS
list
This column of questions and answers on federal provide* more room to
tax matters is provided by the local office of the l.S. J^'nae* X^churiuMe^'ontrl
Internal Revenue Service and is published as a public button* than was available on
service to taxpayers. The column answers questions w' t',? ?'1' ^orm
most frequently asked by taxpayers. Q> Where can 1 pet a copy of
your ta\ guide?
Q) I kept a record of my
earnings and withholdings for
the year and am all set to file
my return. Do I have to wait
until I get my W-2?
A) Yes. one copy of all W
2's must be attached to your
tax return when you send it
in. Processing of the returns
and refunds are delayed if this
is not done. You should receive
your W-2 no later than Feb
ruary 2.
Note that this year, the W-2
should be stapled to the bacfc
of Form 1040 rather than the
front.
Q) Is there any change in
who has to file a return for
1969?
A) Filing requirements for
1969 Federal income tux re
turns are unchanged from iast
year.
To summarize them, a re
turn must be filed by every
person under 65 who had gross
income of $600 or more for the
year. For those 65 or older on
the last day of tax year, a
return does not have to be filed
until gross income reaches
$1,200.
Also, anyone who has net
earnings of $400 or more from
self-employment, is required to
file a return and pay self-em
ployment tax.
Filing requirements also ap
ply to minors. A parent or
guardian should file a return
on behalf of a child who has
gross income of St'00 or more
during the tax year. In every
case, you must file a return to
get any refund due.
Q) I'm a senior at college
and I'm due a tax refund 011
some part-time work I did. Can
I claim my own exemption
without causing my father to
lose the exemption he claims
for me?
A) Yes, if you were a full
time student during some part
of five months of the year, you
can claim your own exemption
and your father will not lose
you as an exemption, so long
as the necessary dependency
tests are met. In this situation,
the same exemption can be
claimed on two returns, yours
and your parent's.
Q) What taxes can 1 deduct?
A 1 If you itemize deduc
tions, state and local income,
sales, gasoline, personal prop
erty and real estate taxes may
be deducted. These should he
listed on Schedule A Itemized
lb-duet ions, and attached to
your Form 1040.
Those who itemize will find
that using the new Schedule A
At A copy of Your Federal
Income Tax 1P70 edition may
be purchased front most IRS
offices for CO cents. You may
also obtain this publication by
usinjr the order form on the
inside cover of the 1040 tax
form package. Send a check or
money order with the order
blank to the Superintendent of
Documents. Washington, D.C.
20402.
(}) Other than the fact that
color makes the form look
nicer is there any advantage in
having red. white and blue tax
forms?
A> It is expected that color
will draw the taxpayer's at
tention to those areas on the
tax form where errors are
made which lead to delays in
processing returns and issuing
refunds. The ins'tructions for
using the pre-addressed name
label and signing the return,
for example, are highlighted
in red.
Common reasons for delays
in processing returns and is
suing refunds are a missing
or inaccurate Social Security
number or nr. illegible name or
address. When a return is filed
using the label showing the
taxpayer's correct name, ad
dress and Social Security num
ber. this cause for delay is
removed.
Buy U.S.Savings Bonds
It costs loss than a nickel a day. Or as little as $1.25 a
month, plus tax and installation. Put one in the kitchen,
flail ",u;i~ """ make
your three-minute egg.
? ? ' " ? "? - '> "
.<?? '<v;t . .
?r
^ A
row SALES
PROBLEM
IF YOUR CASH REGISTER
HASN'T BEEN RINGING
ENOUGH, GIVE US A RING
The staff of our Display Advertising
Department are specialists in recogniz
ing and solving sales problems. They
have helped many merchants in this
community to increase their sales, by
understanding their particular prob
lem*. They can help youl
FOR HELP
FOR THE KST M NEWSPAPEI ADVEITKIM, ON YOUR
WE OFFER THE STAMPStQMUlM SERVICE PROBLEM
CALL
875-2121
CnM875-2121
C/ie ^Ylew* - cf-ourncd
NOTICE OF CHANGES
IN BANKING HOURS
Beginning February 1, 1970
The Following Changes Will Be Made
In Our Banking Hours On WEDNESDAYS And SATURDAYS.
Effective Wednesday, February 4, and Thereafter
Our Banking Hours On Each Wednesday And Saturday
Will Be From NINE A.M. To TWELVE NOON.
We Urge Our Customers And Friends
To Please Take Note Of These Changes In Our Banking Hours.
Southern National Bank
AND
The Bank of Raeford
IAL R At FORD, NORTH CAROUNA
I THURSDAY, JANUARY 22.1970
MCGOUGAN SCORES - Danny McGougan, one of the Buck
reserve, entered the game Friday night and hit his first shot from
the floor and two of the four shots he took during the action.
Because of his fine play recently. McGougan is expected to play
a greater part in the Bucks' game plans in the future.