Newspapers / The News-Journal (Raeford, N.C.) / April 2, 1970, edition 1 / Page 2
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u.<n NATIONAL NEWIPAKR ?BE omljbL tiwWw ? mu uroww g MBNO-1I7I CYl<ew6 - journal Qmo&ho, PRES S ASSOCIATION Published Every Thursday at Raeford. N C 283"(> 119 W. Elwood Avenue Subscription Rates In Advance Per Year - S4.00 6 Months - S2.25 3 Months ">1.25 PAUL-DICKSON Publisher- Editor SAM C. MORRIS U leral Manager LAURIE TELFAIR Kepoitc; MRS. PAUL DICKSON S.vuts iduor Second-Class Postage Paid at Karford. N C Your Award - Winning Community Newspaper "It is better to light one candle than to curse tJu J-T'C.. >?.' THURSDAY, APRIL 2. 1970 Where mortgage money M en I Ah over the country these days, you hear that people can't find money to buy houses. Mortgages simply aren't available. Or when they are, the rates are awfully high. Why has this happened? Where did the money go.' The answers are not that complicated. The great bulk of the money that finds its way into home mortgages - about eight out of every ten dollars comes from mutual savings banks, savings and loan associaitons (S & L's) and commercial banks. But many people haven't been "putting their money in the bank." Instead, they've been using the money they normally save to buy U.S. Treasury bills and other kinds of securities that pay 7-8 percent and more, against the 5-6 percent savings institutions are permitted to pay. Those who did so were helping the process of what's called "disinteimediation." This is a ponderous word for taking money out of the regulated organizations through which mortgage money usually flows to "the housing market and putting it in the free market where it can earn more interest. The figures are astronomical In 1%9 when the Federal Reserve Board wa> pushing up interest rates, people pui S10 billion less into commercial bank savings accounts than they did the yeai before. In 1969. they put almost half a; - much in S & L's as they had in 19e>?. In the tourth quarter of last year, people actually withdrew about S500 million compared with the previous year when they had added more than S7 billion to their accouts in savings institutions. This is disintermediatiun with a vengeance. And when you remember that in the long run. the banks and S <k L s can't make mortgage loans unless they can attract people's savings, it's no wonder that mortgage money is hard to find. Of course, you can't blame people for wanting to get as much interest on Browsing in the files of The News-Ju.j.nu 25 years ago April 5, 1945 According to H.R McLean, district game protector, the fishing season closes after April 5. and will remain closet} until May 20. McLean also stjles that lie intends to enforce the law against dogs chasing deer. "There is no excuse for this, and none will be accepted." the game protector said. Carl Riley was elected chairman of the Hoke Counts school board at its biennial organizational meeting Tuesday, succeeding A.W. Wood, who has been chairman for the past several years. Mr. Wood refused to stand for re-election to the post Robert Gatlin. recently named to the board by the General Assembly to succeed W.M. Monroe, attended tne meeting for his first session. Other members or the board are D.B. McFadycn and A.D. McPhaul. The board reappointed all members of the district school committees. They arc No. I.Raeford L.M. Lester. Walter Maxwell, M.C. Dew No. 2, Ashemont: F.L. Eubanks, W.L. Thornburg and Dewey Strother; No. 3, Rockfish: D.K. Parker, C.L. Wood, Pearcc Gillis; ^No. 4, Mildouson Norman Mclnnit, Leonard McFadycn, Frank McGregor No. 5, Anlioch: Arch MeGougan. D.W. Gillis, Mrs. W.C. Hodgin. ???? Pfc. J. tannic Teal, Jr., 21, son of Mr. and Mri. J.L. Teal of Raeford, lias been reported in action la Germany, iii i i?i Matted their motley . > p. -thic. H blame regulaiois !. : :i Leor.-. While tlu- Ud.rd !<.?.? squeezing the .up; 'y . ? pushing u; interest ;..tc market, il ami .itlie. tv.via ??;> kept the lul tne aies ih.il h. S & L s vould p-.s. li en customers. liven. s?.eine tin.i was wrecking ;U home kuUsi:.; reguhitois 'us'ieJ !? 1'- ..n. >?: ' in interest rate i little and too Lite Tile resulting o i:?.o? reasons s\t;> IV. L:.,.i Vi\ recommend; d ? :n.ii"i ?> institutions. S. \ v.. to give ah Kn:!.. J S i , - flexibility to >eiv e s- t. . ? rapidly glow u.g si.oeei : . i . . /Ve/kO jV. ; . Old boom-tiuu- hub Mi" Business In nI, .\\ ? si|uoe/cd and : . declining \cc ; "Industry !ia> since OctoK. eniployiiMi; >? ;h>\ August. Ri i.; n.i Peceinbei w..s merchants dosj spurt in n.!.v> 11 \\v u: i nv s in ; slowdown in piugi would ?.nil.-'.i-.o i>> i ml In pi nNjhie ,i> company lor > !,>. apparently tin. i >n changed turn. ho.: tilings. Rcpeatc i!> that ll.is is the >?; big wage increases which the n.-'.i : inflation w ith.vit temporary pan i. . >. connoK wi'i be | i ! Monday by Ins im-n c i !:nm the Wji Depaiintent Pic. Teal wjs ?er\ihg with the 70; h |nljut:\ |Vu m.. and lias seen action liuoiig < til lliC humpcun campaign. Letters iiave been ncc.scd from Stall Sergeant William Lent/ vslio is in |tui\ C .P. knlluw. S I a. > a patient at a liosp. a. in Bieinerton. Washington wt.ete Ire leeently underwent a trinoi operation. Only 35 passcngci eai lues ate available for rationing to Hoke County moloiists in April, as compared with I 15 available in March, according to Miss Marion Maxwell, clerk of I lie local OP\ Tins represents a cut of slightly ovei 50 per cent. 15 years ago March 31. 1955 At the annual election meeting of the Raelord Junior Chamber of Commerce Tuesday night Angus J Come, popular young Bank of Racford teller, was elected president for the new year, succeeding Peter McLean. Rep. Charles B. Deane of the Eighth Congressional District announced Tuesday that the Farmers Home Adtninisiiution has authorized production emergency loans to peach growers in each of the peach growing counties of (lie district. Jimmv White of UNC, Chapel Hill, spent the week end with his .parents. Mr. aud IV. I In.ill I Hi Si IV l.llOll 1.0,1 ?* this '.-n k i pi:.,, i! Hi., litv. os 1 Stli-tft . Avenue ?... . e.l v.i. Opet lie. tilnlk ?' o? Hi*; * I i ii i- K Quiko ' . llljtlil) Mini revival MH'ciii B apt im! Cl'ii Mis Mcli.n;> 5 years ug< April 1. 19i>5 The White H>... ,;uoi last week that ! .'...i !ie> i, the United S; iis.?. : idnij Hoke and 16 ? ?tl.ci> .. \oii! Carolina. w?ie choline i.m IOv pei cent leder.il an! :i. the anti poverty piogiam because the; are too pooi to he!| themselves. Plans have been announce! for the first Woman's Clul horse show, now scheduled u be held May 7 and 8 at th< Hoke County Tairgruunds If we had to put it in our yard we'd begin to realise... German Measles Vaccine Can Wipe Out Disease 4 U> t untie felly ire ? at the National r ce"ic Diseases ("enter - e tlic end of a ?.i i*c o! birth delects -- : 'ilC.isles within the ? \ us, but so fat the the vaccine, which ?viu.b available tins fv.-ti less than they !m .i- t l-rcckleton. of . . s.ud "it is not b to expect that measles will, be ?o the next Toe ? ? mmum/alton ot ,;.ie :i children from re to the K'ginning ol , : v??,?? has not Deo11 , , f .? , ;v hi Raetord, i- K be,! Tovvnsettd ? t. u t he had the !? -.lit available and . ?.?in, injections. i< k evety child should . ,. .ii ?? 1 against (ictmaff' .e said. "However, it ?? t jr.: as the tegular *.h vhic. Health Department satd that so far no ,i;.. measles vaccine was ?hete i,, iti..i-ies is a mild ,; . ,| dtsejsc *? it a child If a woman . ?!. i tie . n .is dunng the . -eks t picgnancy, I,ci baby may be v i! sew :e bn ih detects, i _ . ,c l.-st severe rubella c there were 30.000 20.000 severely m'led babies botn to who had had the .. i n .ne early pregnancy. !' i \ mat ion program is children aged one id, puberty in order in, vc the most frequent the virus to . \;n . ? otiuMv. "(.ernati measles can best '?t e .nlic 'ted by eliminating ?! t-j,.si!iiss;on of the virus i i ,.ie children, who are the tti.im souiwC ot inlection fot mcpt.iMe pregnant women.' ?be Amciican \caJemy of I ,:>s repotted in a c'rTek Philosopher I '? e.?. ? .:a- n: a while. to get ii' it.,ad il! tltc trials and ; j'.. i:s of the world. I .Jading a newspaper ha s .'. aids, starting with tlie i-: page a.id gradually working a\ iroin right to left. ;>? stp. nng as long as I can w ,.i some people call the i. >f the front page It s suipnsing how much ..1.tuble news sou can pick up tins wax. for example, last night 1 icad in a short article under a cake lecipc that the L.S. h tenor Department and Army scientists arc urging further siudy oi an idea to Ormg fresh watei to water ? short areas of the country by towing icebergs from live Antarctic. That's right. Icebergs, it said, The vaccine is not recommended for use by women or girls of childbearing age. German measles epidemics appear to run in cycles every seven to nine years, and most cases occur in the winter months with a peak in number during March and April. The last severe epidemic occurred in 1964 ? 65. However, Dr. Townsend said he had not treated any cases of German measles this year. Tl?e virus usually lasts three or four days, with a rash accompanied by aching joints and fever. It is most harmful when contracted by a woman during the first three months of pregnancy. Studies reported in the 1966 ? 67 Year Book of Obstetrics and Gynecology found only a 35.8 per cent STORIES BEHIND WORDS by William S. Penfleld Hypocrite The ancients noted that a person might exhibit the charactenstics of an animal. For instance, a person might be rlAC,-rik??rl ic "libo i linn" r\r <1 iorl/al * Ci/antnollsr description was shortened, and the person being described was called a "lion" or a "jackal." The word "hypocrite" took this course. The Greeks called an actor "hypokrites." They noticed that in everyday life some persons pretended to be what they were not. Such a person was said to be like an actor playing a part on stage. The next step was to call such a person an actor or "hypokrites," the forerunner of the F.nglish word "hypocrite." Augur The Romans believed that the gods made known their will by certain signs or omens, and that these signs could be interpreted from the actions of birds. There were certain men whose duty was to observe birds - noting their flights, feeding habits and even their singing - for indications of what would happen in the future. These men were consulted before any important event. If the signs were unfavorable, the event was postponed. The bird watchers were called "augurs" ~ probably from "avis," the Latin word for bird, and "garrire,* to talk. The F.nglish very "augur" ? to foretell or anticipate - retains much of the original meaning. consist of frozen fresh water, in fact 80 per cent of the world's fresh water is contained in the icebergs up t lie re, so why not have tugs tow them to water ? short areas in the United States? That's all the article said, but it's enough, leaving a man's mind free of the depressing front page news while he meditates on the sight of a tug towing an iceberg to the Atlantic coast and then somebody's hooking on to it with a tractor I suppose and driving like mad to get it to Arizona before it melts. Somehow this reminds me of the man who spent years working on a better mouse trap and finally invented one ana I tad already marked off where he wanted the path beaten to chance of a normal infant being born if the mother had had German measles during the first 8 weeks of pregnancy. If rubella occurred during weeks 9 through 12, then 7.9 per cent of the babies had gross birth defects. The common problems found in rubella babies are blindness, deafness, heart malformation and mental retardation. The indirect attack against a disease that harms only babies in the early weeks of development by vaccinating the main carriers of the disease - children - depends on wide ? spread vaccination of all children. As long as there are susceptible youngsters to spread the virus, German measles will remain a serious threat to the lives of countless unborn babies. hit door when some smart ? alec invented rat poison. You can't get to his place now for the weeds. And titen there was the man who opened up a chain of livery stables just as the automobile was catching on. Busted, before welfare wit started. Nothing is said to be more powerful than an idea whose time has arrived, but next to it fur some people is the idea whose time has expired. Try it sometime. Read a daily newspaper from back to front. It conditions the mind for the state of the world that day. Of course, this is hard to do with television news. Yours faithfully. .. 1A. Just One Thing"?"! After Another By Ctrl Goerch The other night t group of. friendi were discussing the origin of the name ScckeT pear. A lot of people mistakenly pronounce it sickle. It reminded me of an explanation the late John Bragaw gave us which went like this: David Seckel was a prosperous butcher in the city of Philadelphia more than a century ago. David owned a farm in '"Die Neck" section of South Philadelphia, about one mile above the iuction of the Delaware and Schuylkill rivers. He gave the farm to his son, Lawrence Seckel, who was a wine merchant and lived at Fourth and Market Streets in the same city of Philadelphia. On that farm was a lone pear tree which had been planted years before by some previous owner of the farm, some Swede or Dutchman - the record is not clear just which. No one paid much attention to the tree - the pears it bore were small - until one day in the fall of the year, Lawrence Seckel, on tlie place to sec his tenant, chanced to eat one of the pears, then another, and anotner, enjoying the delicate taste of it. Later, Seckel sold the farm to Stephen Girard, the famous merchant and philanthropist, but meantime had made many cuttings from the pear tree, rooting them around his family mansion at 12 North 8th Street. Today the Seckel pear is found in many orchards in this country, and, throughout the world. The wine merchant, Lawrence Seckel, whose keen taste made the pear known to posterity, died in 1823 at the age of 77, but it is said that the original tree outlived him. A lady friend of ours begged her husband for months to have his picture taken. At last lie decided to go through the agony, but when the proof* arrived, the exclaimed in horror, "Oh, tire re's only one button on your coat, dear!" And he replied, the cruel man: 'Thank heaven you've noticed it at laid" Baxton F. Wade, of Jackson, Mits., it all upaet about a classified advertisement that appeared recently in the Jackson Daily News. Here it is WANTED - Man to work in garage. Must know how to milk. Apply in person. Sellers Motor Company. 'This advertisement," writes Mr. Wade, "may not be unusual to tome folks, but it certainly is to me. I can't figure out what the Buick garage in Jackson would want with a milker." The only solution we can think of in connection with the problem is that Sellers Motor Company lundles a variety of cars, and not merely Buicks. Maybe a milking mechanic is needed to work on these udder A friend writes in and asks a question concerning the speed of an airplane under certain hypothetical conditions. "An aviator starts westward just as the tun is sinking behind the horizon," he writes. "At what speed would his plane have to travel in order to keep the sun in exactly that same position." It all depends where the plane is. The principal factor to be taken into consideration is the rotation of the earth. At the equator, the plane would have to travel slightly more than 1,000 miles an hour. In the latitude of New York City, the speed probably would be around 750 or 800 miles an hour. The further north you go, the less (he speed would be. Anyway, that's what a friend of ours tells us. CflNll^y BLUE ? ? ? People & Issues SOFTENING - In recent years a softening attitude seems to have developed in many of the courts of justice toward criminals. In the wake of this attitude crime lias been increasing by leaps and bounds. I am concerned over thtf* need to make our system of justice more attuned to the protection of honest, law - abiding citizens, rather than going overboard in deference to the criminals. I believe that the attitutde of the courts beginning with the L.S. Supreme Court, has Itad more to do with the increase of crime than any other one thing. On the other hand the courts are not likely to change their attitude until the great "silent majority" make their wislics known. We have militant organizations from both the left and the right, but the great middle group seems to be too pre ? occupied with other things to become involved in a crusade in which they have a tremendous vested interest - law, justice and representative government. HISTORY - History tells us that 63 years ago Communism was confined to a rented room in Zurich. Today, it has engulfed much of the earth because a well organized minority banded together and overcame a dormany majority. A well organized minority can often overcome a dormant and disorganized majority. THIRD PARTY - President Nixon and Spiro Agnew are very much interested in seeing George Wallace defeated for the Democratic nomination for Governor of Alabama. A Wallace defeat, they feel, will make it much easier for Nixon to carry the South in 1972. But, should Wallace be defeated, and we seriously doubt that he will be, the Third Party threat may not vanish. Last week President Nixon sent Spiro Agnew down to Louisiana to talk with Governor John J. McKeilhen about school integration and other matters. But when the meeting was over, Governor McKiithen, who was a supporter of Humphrey In 1968, said he would be wilUne to "run for president on a third party ticket if I think k'a mi required, as I say, to get fair treatment." Governor John McKeitlrcn of Louisiana who is related to the McKeithens in North Carolina may not be as flamboyant as George Wallace but he is regarded as a very able and astute political leader who may well pick up the flag should Wallace fall by the wayside! PRESIDENT PRO - TEMPORE-Thrcc names have been mentioned as candidates for president pro ? tempore of the State Senate in 1971 - Senator Elton Edwards of Guilford, Senator Marshall Rauch of Gaston and Senator Frank N. Patterson, Jr. of Stanly. Rauch is unopposed in the primary but Patterson and Edwards have primary opposition. RALPH SCOtT - Ralph Scott, out ? spoken liberal of Alamance County who never flinches from a scrap when lie feels the cause is worthwhile escaped opposition in the primary. Senator Scott is a member of the Advisory Budget Commission and a power in state government. CUMBERLAND ?? Cumberland County is unfortunate in that two strange slayings tragedies have taken place during the past few weeks. In February an Army doctor's wife and two small .children were killed and the husband and father, Capt. Jeffrey MacDonald found wounded and dazed. Then a little over a week ago Mrs. Roberta Coxe Huske, 78, a member of a prominent Cumberland County family was found in her lioine bludgeoned to death. No arrests have been made in either case. The reward for information leading to convicition of Mrs. Huske's killer had reached S6,000 last week. WALLACE'S PARTY - George Wallace's American Independent Party (AIP) is liaving a feud over who is iu head in North Carolina. What we can't understand is why the AIP don't hold a convention and elected a chairman instead of foing to court with the squabble. This fussing and squabbling doesn't help the party ima?e by any msans. However, North Carolina is not the only state whan the AIP la having ha
The News-Journal (Raeford, N.C.)
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April 2, 1970, edition 1
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