Newspapers / The Duplin Times (Warsaw, … / Dec. 29, 1966, edition 1 / Page 1
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A.M. Tuesday. Dumber 27; jj ^. 1^ \V |^^A]| ^ 1 P Killed toDate. 1652 ^ ^ Jl SiL?^p"r to J* SW^^t^SUOii^ H^> ^DuX. v Killed to Date Last Year..J624 ft ft ' ? (6,89 detths per 100 million HHI^l. flB^ mhm ib mhim M?gA flHflflHH ?? PROGRESS SENTINEL 1 ?!??. Ml HI I | ? . VOL. xxxm NO. 62 DECEMBER 29.1966 KENANSVILLE. N. C. pR1CE 10i pLUS TAX 1 u J>. i l 'V-'i. ?? ? ? ?????????????????????????^ Babson's Business and Financial Forecast for 1967 The close of 1966 marks the seventieth consecutive month in the life span of the longest business boom of all time for the American economy. How ever, "trees do not grow to the sky." Already, signs of deter ioration in the expansive visor that characterized the earlier outlook for business and finance in 1967 is of greater-than-usual Importance. Lest readers of this column be tempted to "push the panic button," however, let me state that it would be unwise to ex pect a major depression in 1967. Our greatly expanded economy stQl has a considerable degree of momentum. The spotlight on 1967, therefore, should focus upon those factors which are likely to cause a breathing spell in economic activity. Politi cians and labor leaders have a phobia against even a hesi tancy in business, and rush headlong into measures design ed to treat a case of pneumonia when cold pills would be more appropriate. 1. Although business and fi nancial problems loom large in the prospects for 1967, I must first warn readers that the greatest danger for the year ahead does not exist on the domestic front. Surely it will be developments abroad that will hold the gravest threat to our country. These could be economic as well as military or polltlcaL 2. 1 foresee no war between the United States and Russia in 1967, However, tensions be tween the two world leaders may seem to reach the break ing- point as the Kremlin "goes all oi"" to cre?te diversion .to .Wr dS.oits ln>viunam. for Moscow to throw salt on festering wounds in the Middle East, Africa, and Germany. 3. I am also hopeful that a direct clash between Red China and the u. S. can be avoided In 1967. Internal dissensions are rampant throughout Main land China, and a great scram ble for power Is In full swing. Sabrerattllng may help to unify the people; but pressing pro blems of low productivity, plus the demands of her nuclear program, should restrain Red China from direct attack upon the United States. 4. The struggle for leadership of the Communist world camp will continue unabated through out 1967. Full political attack will be mounted by the Kremlin against Peking. It will be tough and go. however, whether Rus sia can persuade her wavering satellites to sign a final mani festo reading Red China out of the Party. 5. Recent elections In west Germany have fanned the em bers of nationalism Into a tiny flame. This has surely thrown a scare Into Russian leaders. I predict that they will take a harder line against Germany In 1967 than In some time, I feel that we should particularly watch General de Gaulle, who Is playing closer and closer to Moscow from month to month. 6. Heavily armed with Soviet weapons, the Arabs of the Mid dle East - squared off against Israel - present a grave threat to world peace. Nevertheless, I do not believe that Russia or the United States afford a direct confrontation at this time; hence my forecast that the smoldering conflagration there will not erupt Into world war III. 7. While all reasonable peo ple are hoping for a genuine peace In Vietnam, I predict that the Issue will not be resolved In 1967. Though the tide of bat tle In swinging In our favor, we may be forced to Increase our commitment In order to retain this upper hand. 8. I predict, therefore, that military spending will be raised In 1967. This can help soften the Impact of any easing In the private sector of the economy. 9. Turning now to domestic conditions, I foresee a definite deceleration In business activi ty In 1967. The fantastic boom Is In need of a rest. Instead of the strong uptrend of recent years, I look for a high level of Industrial production early In the year; but unless some new stimulus Is Introduced, 1 fear that a crestlng-over pattern Is likely to develop as 1967 pro gresses. 10. I forecast a continuation of the tug of war between In flation and deflation In 1967. Tight credit, and lncreasedpro ductlve capacity resulting from the flood of business capual ex penditures In recent years, are deflationary. However, I can see no substantial relief from the inflation In labor and other operating costs. In short, we can have "cost-push" Inflation co-exlstlng with deflation. 11. A key factor In the bu siness and financial outlook for 1967 Is taxes. With defense outlays climbing, I look for a rise In corporate and personal taxes In 1967. Moreover, I fore cast that various levies at the state and local levels will con tinue to Increase. 12. The tlghtenlngtaxsqueeze on all fronts will worsen as the year advances. And there will be rising complaints from both businessmen and employees that social security taxes are becoming unbearable. 13. Results of the recent elec tions Indicate that the headlong run of the Great Society Pro gram must take a breather along with the economy. Gains scored by the Republicans have altered tne balance of power sufficiently to force a more sober look in public spending. 14. One of the primary rea sons for expecting a decelera tion in the economy Is the like lihood that business capital ex penditures may ease. Tight cre dit, suspension of accelerated depreciation guidelines, and suspension of the tax credit on business capital outlays will be tough obstacles to surmount. 15. Except In defense Indus tries, I look for an abrupt switch during 1967 from a bu siness policy of Inventory ac cumulation to one of Inventory liquidation. 16. I forecast that scarcity of credit will continue to be a problem with which business must contend In the early part of 1967. The money managers should keep enough credit avail able for legitimate business needs, but I expect no early radical easing of credit. 17. However, 1 do foresee enough of an easing In credit to permit more orderly mone tary conditions. If the economic situation falters badly, money rates will, of course, move downward sharply. 18.1 predict that commercial and Industrial building will trend lower In 1967, reflecting the tapering off in capital out lays. Continued to Page I Rich Is Given Executive Post-Over 21-0ffice First National System JACKSONVILLE (Special) J. Hugh Rich has been promoted to executive vice prsldent of the First National Bank of Eas tern North Carolina which has 21 offices In 14 Tar Heel cities. The announcement was made here today by M. F. Allen. Jr., president of the system which started 14 years ago with only $150,000 assets ana which recently hit $50-million assets. Rich was promoted from se nior vice president where his primary responsibilities were in loan and Investment opera tions, "With this promotion by the board of directors. Mr. Rich becomes active in all areas ot First National operations throughout the system," Allen said. J. HUGH RICH The president also paid spe cial tribute "to Mr. Rich not only for his loyalty and effort since jolnlngjhe bank 14 years ago but also for the incalcul able contribution he has made to our conspicuous growth dur ing those 14 years.' Rich will continue to make his headquarters at the bank's cen tral offices In Jacksonville. Dr's. Office Robbed Deputies Graham Chest mm and Alfred Basden are inves tigating a break In which occur red during the holidays at Dr. H. T. Ray's office In Warsaw. About $25.00 In cash was miss ing and a cabinet containing re cords was ramshackled. In vestlgatlon is continuing. BRIEFS SHORT COURSE The 30th Annual Nursery men's Short Course Trade Fair will be held at the North Caro lina State University In Raleigh January 1st through 3rd. Mr. George Wellons, Assistant County agent said that he ex pects Duplin County to be re presented at this Snort Course as It is a wonderful opportunity for them to gain valuable in formation. 'Fortune-Ate* Message At Home Federal 1 At this _tlme of year, every >ne Is wondering whst their lew Year will hold In store. 3ut the people who visit Home federal Savings and Loan As sociation, South Pine Street, In Warsaw, or any of their offl :es In Klnston. Snow Hill or racksonvllle, will have a look Into their future! All who visit he association between Decem Jer 27 and January 16 will receive a fortune cookie with their personal "fortune-ate" message tucked Inside. "It's our way of telling folks how we appreciate their busi ness." Robert F. Kornegay, Asst. Vice President of Home Federal, said, "we also have gifts of a slxteen-plece set of International stainless steelta Contlaued to Page l Avoid Bang-Up New Year If you're raring to start off New Year 1867 with a bang, don't overdo it by carelessly banging into one of the thou sand accidents the N. C. State Motor Club warns may take at least 22 lives on North Ca rolina's streets and highways during the long holiday week end. The state will count its .new Year's traffic toll from 6 p.m. Friday, December 30, through midnight Monday, January a, a period of 78 hours. In the same 1965-66 three day period, new traffic death records for the turn-of-the year week end were set In North Carolina with 26 and over die nation with 562. Another 499 persons suffered disabling in juries in a total of 1,010 acci dents in the state. Leading driver violations were: speeding, 217; driving left of center, 120- failure to yield right of way, 112; and following too closely, 78. "Drive with care and skip the tricks these last few days of '66," urged Thomas B. Wat kins. president of the motor club. "The New Year will look mud) more promising and lnvlt w-9 " lng If ytM don't have to greet it from a hospital bed as the result of an automobile acci dent.' Firey Wreck On 117 North cf Calypso Mt. olive Gas Company truck turned over three times Tues day night blocking traffic for hours on the highway between Calypso and Mount olive near Carver School. Loran outlaw, young Mt. Olive man miraculously es caped death when the GMC bulk gas truck was demolished. Un confirmed reports said the truck had just been released from a local garage, it ap peared that a U bolt came loose on one side causing the tank's weight to shift to the other U bob, which also broke and put the truck Into a roll. Fire departments from near by towns were called to the scene as were many law enforc ing officers for the truck was expected to explode momentari ly. The gas drained from the tank and It was decided that as a precaution to burn the gas on the ground. Mrs." J. J. Whltehurst and daughter Helen W. Caveness, owners of the company were out of town attending funeral of a relative and no estimate of da mage was available. d'| ?J *f Happy | New Year | The year it new, but ft our with it the tame: II that we may continue to l) terve you at we have in 11 ( the patt... to the bett II I of our ability) Have a 1 1 happy, healthy and % I protperout New Year I I Mrs. Hoover Receives Injuries' Mrs. Wayne Hoover of Char lotte received serious back In juries In a wreck about eight miles West of Magnolia Satur day morning. Her condition at Duplin General Hospital was listed as satisfactory. Mrs. Hoover, the farmer An nie Louise Jones, with her hus band, and four year old daughter were enroute to Magnolia to spend Christmas with her fa ther, Mr. Dallas Jones, and other relatives. The 1964 Pon tine in which they were riding was demolished. Mr. Hoover and daughter received minor Injuries, were treated at the hospital and released. Attempting to avoid an on coming Mustang driven by a Hill man of Chinquapin the Hoo ver car was reported to have had all four wheels on the shoul der when hit headon by the Mustang. Frank Evans, Route 1, Rose Hill, driving a Chevrolet con vertible, applied his brakes In an attempt to avoid the two cars, went off the road and overturned, receiving only mi nor Injuries. Beulaville Lions Present Gifts To The Blind At Christmas Time .^ulavtlle Lions pressor a Tape Recorder ? Johnny Brown who menda state School for the Blind In Raleigh, to the left la Lion A*ln Simpson and to the right. Lion Cecil A. Mfller. - . i?v. ? '? Seateu In the center If Johnny Brown who plans to use the recorder In his music career. He Is lead trumpet player In the School Band. . V- J ' ;-y^ . J^r'rWk 1 The Beulavilie Lions Club presented sifts to the Blind in the Beulavilie Area. They pre sented aTapeRecordertoJohn ny Brown. He attends the N. C. State School for the Blind in Ra leigh, N. C. and Is an outstand ing student. Johnny states he wfll use the recorder in his music career as he is the lead trumpet player in the School Band. He also makes talks to various organizations. He Is the son of Mr. and Mrs.nRussell Brown. Other gifts were presented to the following: ike Houston, Beulah Jones, Susie Jones, Mrs. Eddie Hall, Mrs. Roy Exum, Hester Chasten, Walter Chasten and CalSoutherland. Every per son said they were Thankful that die Local Lions Club visited them as well as Thank You for the gifts. The Beulavilie Lions pre sentiqg the gifts were Clarance PhUvaw, Graham Frazelle, Carl D. Pate, Millard Decker, Avln Simpson and Cecil A. Mll ?,-'v.. Pedestrian Fatality Roger "Chee Boy" Williams, negro male, about 50 years old, was killed instantly Satur day, December 24, when he walked into the path of a Chevy II Station Wagon, The accident occurred on highway 41 in the southern edge of Beulaville. The driver of the car, 1' Mrs. Sheppard of Wilmington was quoted as saying she Blew her horn, but In spite of her efforts to avoid him, Williams hit the car just above the left head light. She swerved the car to avoid running over Williams. By the time she got out of the car and back to Williams, there was no evidence of pulse or heart beat. Beulaville police chief, H. J. Brown said Mrs. Sheppard was on the way to Klnston to spend Christmas with her daughter and family. He also stated that there was no evidence that the lady was speeding. A coroners Inquest is set for 8 p.m. Thursday night in the Courtroom in Kenansvllle. L Two Kenansville Girls Outstanding Young Women of America two young Kenans vine ladles have been selected to appear in the 1966 edition of Outstand ing Young Women of America. These ladies have been honored because of their outstanding contributions and accomplish ments in Civic endeavors, re ligious, professional and poli tical activities. Miss Zelle Pollock (Polly) Brlnson and Miss Frances Lee Stroud were nominated to this honor by the KenansvOle Chap ter of Eastern star. Mrs. Lyndon a Johnson, who serves as honorary chairman of the Board of Advisory Editors for the publication, has said the book is especially meaningful to her because the achievements and abilities of women in a sub ject close to her heart. Selections for OUTSTAND ING YOUNG WOMEN OF AME RICA are made by the Board <3 Advisory Editors. United States Senator Mar garet Chase Smith said, "This book calls attention to the great capabilities of our young wo men and their ability to get things done." Miss Eva Adams, Director of the united States Mint, says the OmtfMed to Pare S Miss Frances Lee Stroud, daughter of Mr. and Mrs. J. B. Stroud ot Route 1, Magnolia, Is a senior at St. Andrews Presbyterian College In Lau rlnburg, N. C. She has served with the college senate (which Includes Student Government) all four years at St. Andrews, works with the College Debuta tlon team, and the campus Peace Corp. and Is active In the cam pus Young Democratic Club. Frances Is a member of Grove Presbyterian Church where she has taught In Bible School for many years and Is substitute teacher. She is a 1963 graduate of James Kenan Hlch School where she was saiutatorlan u her class. She was active In the Beta Club, served as an officer of her class and cheer leader. Active In all phases of girl scouting, she was an outstanding 4-H clubber. Miss Zelle Pollock (Polly) Brlnson Is the daughter of Mr. and Mrs. woodrow Brlnson of Kenansvllle and Is a senior at University of North Carolina at Greensboro. She has been a member of the Court of Regula tions for three years. Is se cretary of College election board, member of the Golden Chain, The Square Circle and Student National Education As sociation. A member of the Kenansvllle Baptist Church she has taught In the Bible Schools, and Church School, Is substitute pianist. A 1963 graduate of James Kenan High School she was Bu siness Manager of the Annual Staff, Secretary Treasurer of Beta Club ana active In all class activities. Polly was an active girl scout being a Scribe and Patrol leader and earned the curved bar rank. New Legislation To Help Duplin FamiliesHousing The U. S. Department of Agri culture's Farmers Home Ad ministration Is better equipped to handle the housing credit needs of low and moderate In come Duplin County families as a result of legislation recently signed into law, according to Rhone Sasser, Farmers Home Administration county supervi sor. Sasser said the Demonstra tion Cities and Metropolitan De velopment Act, signed last month by president Johnson, makes it possible for a broader range of Duplin County families to quallfv for housing credit under expanded nouslng loan authorities of the Farmers Home Administration. The new legislation Sasser continued, makes more mort gage credit available to low and moderatelncome families in Duplin County by increas ing the level of activity of the agency's rural housing loan program. Here are some of the other changes in the rural housing loan program administered by Duplin County Farmers Home Administration; - Many Duplin County fami lies who had to go the long route of planning, contracting and building a home can now buy newly constructed build ings. Before the new legisla tion, these families could only purchase previously occupied buildings. - Qualified low-Income fa milies can now obtain housing credit from Farmers Home Ad ministration on the basis of a cosigner. Previously, only those rural persons 62 years and older qualified for this assistance. - The new legislation In creases from gl.000 to $1,500 the maximum amount of assis tance the agency can make for emergency repairs or Improve ments to owner-occupied rural housing or farm service build; ings. This credit is not de signed to upgrade a building , but only to remove the hazards Coatinaed U Pap t Shootings Mar Christmas Celebration Two separate shootings hos pitalized three persons from the BeulavUle area as the Ch ristmas celebration got under way. David Moore, negro male age 2i of Maple HOI. has been charged In two separate warrants of assault with a dead ly weapon with Intent to kill, inflicting serious bodily injury with 22 caliber weapon to it A. Evans and Charles Pickett. The shooting occurred Christmas eve night at the home of Irene Hlghsmith In BeulavUle. The two men were taken to Onslow County Hospital. Bocn are na tives of BeulavUle but are pre sently residing in New Jersey. Deputy Alfred Basden In vestigated. A second shooting occurred Christmas night when Jessie Ray Hill, negro, male, age 21. of Route 1, Beulavllle shot his wife Erlene Hill, in the shoulder with a 25 caliber pistol, she is In Sampson Conry Hospital. Hill has been charged with as sault with a deadly weapon with intent to kill, inflicting serious bodily injury. Investigating the shooting was deputy Affred Basden. assisted by deputy Glenn jernlgan and special deputy jimmy Hatcher.
The Duplin Times (Warsaw, N.C.)
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Dec. 29, 1966, edition 1
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