This Week - And Next By Aaron Einfrank At one time capitalist invest ment was a bad word in many parts o! the world, and even our own government at times has not been too sure that the spread of U S. capitalism was a good thing. The emphasis used to be on government sponsored foreign aid schemes as the sole means helping the poor countries, particularly the really back ' ward nations of Africa, Asia ?and Latin America. However. Otis situation has changed for the following reasons: First, the U.S., as well as France and other western states, has been losing enthusi asm for government-sponsored foreign aid because much of this aid has only wound up in the pockets of corrupt Afro Asian and Latin American poll tkians Second, the amaring vitality of the West's free enterprise system permits vast sums to be invested in the poor countries, a fact which not even the so cialist-minded can ignore. (It is estimated that well over ?16 billion in private funds was in vested during 1964 in the un derdeveloped countries in spite of the many obstacles which private investment still encoun ters in these areas.) A third factor is the success of the World Bank and its sub sidiary organs in channeling private investment to help meet the problem of underdevelop ment The Bank, whose formal name is the International Bank for Reconstruction and Devel opment. is an autonomous member of the U'Ns' family of specialized agencies. One of the major obstacles to increased foreign investment is the lack of private enterprise in the underdeveloped world. In many cases industrial opera tions are government-run and government-financed ? which makes it impossible for foreign private capital to participate in these often inefficient ventures To meet the problem posed by the lack of private enter prise, the World Bank in 1956 created a subsidiary, the Inter national Finance Corporation (IFC). The purpose of the IFC is to encourage private enter prise in areas where private firms find the going tough for reasons of inadequate capital or technology As ?f June JO, 1K5. IFC Shoal Creek News By Beulah Slaughter There was good singing at the Swanson Baptist Church Sunday afternoon with spec ial music by the Farner Baptist Church Quartet. _sc - Mr. and Mrs. J. R. Suit and family of Franklin N?. spent the weekend with Mr. and Mrs. E.C.Suit. -SC Mr. and Mrs. Stanley Mar tin Postell, Tenn. were guests of Mrs. Nancy Montgomery. _dU totaling la K caulrio. The IF? share capital aaaaaaia la $M million which la aah*criW4 to by 7P amber states, toeled lap the U.S. Bat plans are are being made ta hanww **** milllan Ireai the pareal Werto Bank la order to expaad the corporation's Investment activi ties. The 1FC has several methods for priming the private enter prise pump in the "have not countries. It can make loans to companies and it can buy their stock, thus providing these companies with needed capital. IFC also provides financial and technical assistance to local fi nance companies which are trying to stimulate private en terprise in their respective areas. The corporation some times acts as an underwriter for corporate securities of firms needing a capital injec tion. Finally, the IFC seeks to attract Western private inves tors for projects in the under developed countries. A typical IFC operation oc curred this year when the cor poration provided $3,190,000 for expansion to Packages Ltd., a leading producer of paper board containers and packages in West Pakistan. IFC loaned Packages Ltd. $2,310,000 and bought $840,000 of its stock One of the big criticisms of foreign investment is that it may represent a foreign take over of the economic resources of the poor countries IFC seeks to meet this criticism by help ing locally-owned firms to sur vive without being taken over by foreign capital. Due to the fact that some for eign capital or technology is of ten needed by locally owned firms, it is not unusual for an IFC operation to pool local cap ital with IFC and foreign funds in a partnership deal. The ulti mate aim of the corporation is to pull out its resources once a company is on its feet. Thus. IFC resources can be used for other needy firms in a sort of revolving investment operation. The real beauty of the IFC operation is that its loans cost the American taxpayer practi cally nothing. More important, the "have not" countries are being aided to help themselves instead of coming begging to Uncle Sam for a hand-out. Weekly Peetsree SysScsle Mrs. Florence Johnson Is home after weeks spent In Ducktown Basin Hospital. -SC Mrs. Lydia Ledford is still very ill. Visitors for her Saturday were Mrs. Beecher Williamson, Mr.andMrs.Olin Ledford, Mr. and Mrs. E. H. Boring . On Sunday Mrs. E. C. Suit and Mrs. J. B. Slaughter. -SC Mr. Kenneth Underwood spent the week end with his parents Mr. and Mrs. Harry Underwood. Cherokee County Extension News CHEROKEE COUNTY 4-H Council Officers are (seated 1 to r) Carla Beth Stiles, President; Sandy Ledford, Treasurer; Lorraine McMUllan, Secretary; (standing 1 to r) Mike Hill, Reporter; Johnny Mike Greer, Vice-President. The Cherokee County 4-H Council held their monthly meeting January 8 to elect new officers. The officers are: Carla Stiles, president; Johnny Greer, vice-president; Lorainne McMillan, secre tary; Sandy Ledford, treas urer and Mike Hill, reporter. The county council pro motes club work and develops leadership. It is the nucleus of all county 4-H club work. The council is made up of the officers of each community 4-H club of the county and all plans are channeled through the com munity 4-H club to create a strong unified county 4-H pro gram. With the help of 4-H leaders, sponsors, parents and the leadership of the council, the Cherokee County 4-H Council is expecting a bigger and better year for 1966. In projecting the image of the 4-H program you as the general public should know that 4-H is for young people on farms, in towns, In suburbs and In cities. Pro gram offerings are geared to meet the interests and needs of different age groups. The success of a 4-H club is dependent upon the interest and zeal of its members, the backing and encouragement of the parents, the competence and dedication of its leaders, the understanding and support of the communities. The 4-H movement in the U. S. has grown from less than half a million in 1923 to nearly 2 1/3 million in 1963. Since project work Is the heart of the 4-H program. It teaches the dignity and value of work through the Interest of the individual members. Four-H is tax supported from federal, state and county funds. A substantial contri bution also comes from pri vate sources-business and industry, farm and civic or ganization and individuals who believe in the worth of the program. Stop a stranger and ask what he thinks 4-H Club work is like. Most likely he will say it is a program to teach farm boys to produce lives lock and crops, andfarm girls how to cook and sew. This is only part of the program and if you will study the ideas of the 4-H program, you will understand the image of 4-H. ?????????? The County Agents Office in Murphv is now taking orders Tor strawberry plants for spring delivery. The plants will be of the Tennessee Be auty variety and will be cer tified (virus-free, nematode free and red stele-free) plants. The strawberry plants will cost approximately $1 per hundred and will be available around the first of April. The production of straw - berries in Cherokee County offers many farmers an almost unlimited opportunity for increasing farm Income. The demand for fresh straw berries far exceeds present production. Dallas Mill saps of Peachtree and Bert Gentry of the Hanglngdog community each sell around 500 gallons of strawberries each year and they do not have to advertise or make deliveries as do the. producers of other crops. They have found that the word gets around and the buyer* are ready and waiting when (he berries get ripe. Weed and grass control has long been the osmesis of str awberry growers but the recent advent of chemical weed control, such as Dlphe namld applied at planting, has taken much of the labor out of strawberry production. When selecting a planting sits It Is good so avoid old gardens and cultivated land where weeds and grass abound. "New ground" or land that ha* been In legumes Is Ideal. It Is Im portant that you pick land that Is well drained and not close to wooded areas or other frost pockets. Proper soli PH and calcium levels are very Important. The planting site should be selected as soon as possible so that a soil test can be made and lime applied. If needed. If lime Is needed It should be applied as soon as possible. Phosphate, Potash or com plete fertilizer should be app lied at least 10 days to two weeks prior to planting. Forty to fifty pounds actual Nitrogen applied In late August each Lictas* To Wad Oten Hershel Long. 21 and Phyllis Jean Carp center, 18, both of Robbinsvtlle, N. C. Grady Vincent Caylor 30 and Julie Mae Cornwall, 48, both of Murphy, N. C.Carlton Lynn Rariden 18 and Linda Lou Cellar, 18, both of Featua.Mo. Jamea Patrick White, 22 and Zelma Fa ye Moss, 22, both of Chattanooga, Tenn. Cherokee Scout It Clay County Progress, Thura. Jan. 13, 1966 year la the only fertilization necessary for maintaining the crop. Strawberry plants ahould be set 2 feet apart in the row with rows 4 feet apart. This would require 5,445 plants to set an acre. If you would like to place an order for your Tennessee Beauty strawberry plants or secure additional in formation about the production of strawberries contact the county agents office in Murphy. Cone Creek News -c Mlss Diannia Little spent Friday night with Barbara Lea Crisp, who is home on vacation from Grady Memorial Hos pital in Atlanta, Ga. ^C? Mr. and Mrs. Robert Smith of Fort Knox, Ky? and dau ghter, Susan, spent the past week with their parents, Mr. and Mrs. Clarence Little and Mr. and Mrs. Bert Smith. Mr. Smith returned u> Texas Sat urday where he is stationed in the service. Mrs. Smith and Susan are spending a few weeks more wlthMrs.Smith's parents. -C Mr. Andrew Green visited i his daughter and son-in-law, Mr. and Mrs. C. W. Crisp , Saturday afternoon. -C Mrs. Rllla Bell K11 pa trick Intermediate Sunday School i Class of Mt. Liberty Church I had a nice time Saturday night ' at the RockGym playing games and dancing. -C- | Mr. and Mr*. Ho wall Crisp and Pamela and Ma tie of Mar ble, visited Mr. Crisp's par ents, Mr. and Mrs. Jim Crisp and Julious, Saturday night. -C Mr. and Mrs. James H. Crisp and children Sherry, Tony and Steve vial lad Mrs. Crisp's father and her sister Mr. Emory Phillips, Elinor and Ruth of Warne, Sunday. -C Mr. and Mrs. Alvln Cole visited their son and daughter ln-law, Mr. and Mrs. Leroy Cole and Dlannla. Debbie and Dslores Sunday afternoon. -C Mr. Roy Payne of Dalton, Ga., spent the week end with his parents, Mr. and Mrs. WARNING PAY YOUR 1965 TAXES NOW! AND AVOID PAYING PENALTY ? THEM WILL BE AlpireMl PENALTY ON FEBRUARY lai AND 2 par cant ON AAAECH 2md AND Vfe Of 1 pwcMrPOt EACH MONTH THEREAFTER UNTIL PAID PAY YOUR BACK TAXES TO AVOID A FORECLOSURE SUIT AGAINST REAL ESTATE OR AN ATTACHMENT AGAINST PERSONAL PROPERTY. CHEROKEE COUNTY C?rlyl? P. MilktHa couwtt accountant BIG BARGAIN BEAUTY! ? Fully lighted divided cook top with two ; big 8" units; two 6" units ? Spacious oven with radiant heat broiler ? Three big storage drawers BUY THIS 40-INCh GENERAL ELECTRIC QUALITY RANGE for only *189 WT (\Jwmy auromarit rag v*wpa??iijr ? ? ? oig v aiut GENERAL ELECTRIC FILTER-FLO' WASHER Jp to 14-pound Capacit; or Hem Fabric Loads $188 CONVENIENT TERMS GENERAL ELECTRIC HIGH SPEED DRYER ?>; , SAVE WITH SAFETY! . ,:M < I,*YEAIt IT MUST II RIGHT OR Wi MUKI IT tfOHTf MURPHY TIRE & APPLIANCE CO Phone 837-2821 Murphy, N. C.