THE PERQUIMANS. VIErJKLY. HERTFORD, N. FRIDAY. FEKRUARY 2,', 1S4JJ.
PAGE THREE
JMGODOF 1
New SelTeJ Cstal '
Suggested: Pr Expert
". The ' construction of
canal ia suggested by the conclus
ions of xperts,' who, after, an Iih
vestigation, report .that it ia practic
ally certain that an enemy attack,
using new and modern weapons, could
'damage the Panama .Canal.
4 store German production without per-.
1 . . i ' mftting the German war potential' to
a aea-level menace the rest of the world. ', ' k j
General Lucius D., Clay, American I
Military Governor, points 1 out' that
Germany is producing only forty-two
per cent of its pre-war level, although
jthe rest of. Europe averages eighty
fiite per cent'." ', ' ' ''.'
I A aea-level canal includes some .dif
ficulties,. The maximum tide on the
Atlantic aide is only two feet, but on
the Pacific side, the water drops or
rises sometimes as much as twenty
feet This would cause a current
through the Canal unless regulating
structures were constructed on the
Pacific side. These could be damaged
by enemy bombing, it is admitted,
but the Canal would not be put out:
of business. i
The experts report that the Panama
- Canal locks can.be easily damaged by
.As long as German, production 'is
an lmir fliA wVinla rAPflVfirv"! Timer-Am '
UV .W.T, kJ'.VJ I. - J I O j
for Europe will lag. Consequently,
the United States and Great Britain
have' joined their 'zones of occupation
for economic cooperation. ; The hppe
is that Germany, at least that part
occupied by the Anglo-American j
forces, will become -self-supporting.!
This will, of course, save money for
both of the English-speaking nations.
General Clay does not think that1
the German people, when they look
around at their ruined cities, think
bombing and that the possibility ex- mucn r tneir wrmer military ieaa-
ists that the retaining walls of Gat- - in y.
urn, the artificial - lake, couW be P'esent if to better standard
breached. This would permit the . llvin' but h? Pint that when
waters to drain and more than a year I th is accomplished, will, be neces
would be required to accumulate suf- "y watch out for, the develop
ficent water to make the Canal func- went of a strong nationalistic feeling,
tioa. j Nation Headed Fof Crash ,
German Production Vital j Unless Congress Acts At Once
To Recovery Of Europe I The nation is headed for an econ-
, The problem of the victorious allies omic crash unless Congress does
in connection with Germany is to re- southing to stop the spiral of in-
NiW. STKIAaltlNtP f EESUS I , J
BALL POINT PEN 0
WITH A 1 YIAI WUTTtH UARANTEI
WUTIS TO I YIAH$ WITHOUT RffllUNtV :
J ah Sat aatlilaa Uw.k taa faawaa mitlwlUr adnrtiaMl
anr Ml hW paa i$M aaa). Siaaata-nawlaa;. iniMn
taaia. vmn imin, aaai mm. imh nraw. "" a a
. a, , i -- -- .. . - autal MB. Laaka Ulw a SIMS HO.
aawjmtaa fwaadaa. M Mta lM lit tatia, Uvnr. Snap Q
ill iiaiamiaU .
Roberson's Store
'OH The Corner" r
QDDD
t0000O0O000t0f
IN STOCK
"Hollovell"
twrow tractor drawn
5 1 ALII CUTTER
s Mounted on Wheels ,
S? $110.00
fl. L H0LL017ELL & COMPANY
PHONE 2406
HERTFORDN. &
ts. i'mi ttss: iw n aafl
BBER isMriWs imnkt MUtmUm
THIS TWO-FOLD
OBLIGATION
: V".
, Ruts tn Tht Beer Retailers
i-':'. jf North Carolina
To Us fellow oidzens, d beer dealer owes law
' respecting oonduet ol n business which thejr
haye liven him lioenee (0 operate .. .
' A business, incidentally, that brought $1,784,821.12
y: In tax money for the third quarter of 1947 alone,
! to . nW ' counties and munioipalidea of Nordt
: Caralinn wherein beer is licensed to be sold. ,
(Hereafter, distribution of this tax money will ,
' be made annually and local government units
wiU continue to profit generously.) t (.
, To j! leer industry, die beer retailer owes r
'oarer J (jardini of its good reputation.'
7 Assist,: 1 1 tl f j'JUHng of these obligations Is f
; - this Cook:--" 'a raajor work. Our program of i
Self-Reiulac:. I :-a ia has had notable
success in wt: " Cit tLose who treated these
obligations lii!. . 1 ,
Suocess, yes ani ii I - come Iaifely from sup
' port given by our Ncr& Carolina public, press
' and law-enforcement -e'es. Thank you and
Jet t conbnue our cooperative work! -
4
: r r:'j:::.::j
SAM 11. 1 r Dfawtec
A.
creasing . prices, declares : Resident
Truman. ' ,
: The President's warning came as
stock "and; commodity - markets ex
perienced their sharpest "slump since
the spring of 1947. The occasion
gave him an opportunity to repeat
his request for legislation to control
inflation 'and prevent such a catas
trophe. ' T ' "
The President backed his warning
on inflation with some Bureau of
Labor statistics; which ' revealed that
retail food prices had increased 21
per cent between mid-November and
mid-December. ' This steady upward
trend, which began, last May, has
been interrupted by' only a slight
fluctuayoiy ana retail food prices are
higher than ever. . f
The figures show that the index
of food prices hit 206.9 on December
15th, 1947, which is a record high
and means that prices are forty-two
per cent higher than they were in
June, 1946 and twelve per cent high
er than, they were at their highest
peak after World War I, in June 1920.
With this background, Mr. Truman
reiterated his conviction .that Con
gress should do something to stop the
increase in' prices. Naturally, he
stated his belief that the President
should be given the powers requested
last autumn. This request, it will be
remembered, brought forth charges
of playing politics from his adver
saries. Nevertheless, if the Congress
does not care to give the powers that
he insists are necessary to avert a
more dangerous inflation, then Con
gress must act on its own initiative
and assume responsibility for what
occurs. '
Scarcity Of Food Is
World's No. 1 Problem
The most complete survey yet made
of the post-war world's economic
problem comes from the Economic
and Social Council of the United Na
tions. Its conclusion is that shortages
of food are the world's number one
economic problem.
The scarcity of food, according to
the Council, is the principal cause of
the inflation spiral. It reveals that
1947 production of key -foods was
seventy per cent below 1937, although
the output of some was almost back
to pre-war levels. Principal reasons
are given for the shortage that con
tinues in almost every country:
(a) World population has increased
'ten per cent since the outbreak 5f the
war. I
(b) Production in the United States
almost alone accounts for the high
agricultural and industrial output
European production was worse af
fected than any other region.
The Council points out that Europe
still absorbs the, bulk of the United
States' export surplus and that this
fact largely accounts, for the intense
dollar scarcity.'
tFood, fuel, steel and transport are
the principal barriers to increased
production throughout the world, but
timber and fertilizers create special
problems in some countries. The
Council admits that the shortages
which hold back production in devas
tated and under-developed areas can
not be overcome by imports and that
overcoming the shortages requires
"strenuous and heroic efforts on the
part of the deficit countries."
Terming 1947 a year of "frustrated
hopes", the Council says that the ec
onomic potential of the United States
looms large throughout the world,
having enormously increased 'during
the war, while the importance of other
production v. centers has considerably
diminished. This shift is what causes
the present dollar shortage and also
explains the apprehension that exists
in other countries in regard to econ
omic conditions in the United States. .
Sodden Drop In Prices
Puzsle Economic Experts
The experts find it difficult to ex
plain the somewhat sudden drop in
the prices of commodities, followed
by the slump in stock prices that con
stituted, the worst decline on the
market since early last summer.
' The probability is that commodity
prices were, as Secretary of Agricul
ture J Clinton P.j Anderson asserts,
"too high", and that traders began to
suspect ?; the fact The decline in
stock prices may have b'een sympath
etic, but apparently traders in stocks
do not pay much attention to the
earnings of the corporations.
The. drop in prices may be some
thing of a warninor of more serious
declines ahead. The probability is
tnat this is true in j-eerard to com
modity prices and, it might be added,
some other prices. The rumor is
abroad in the land that the consumer
is not quite as quick to buy and the
suspicion la general that the produe- lot of high-priced cars they can't sell
eri of some goods havepriced, them-, ceilingg ,re imposed.. !
selves out of the market ' '1 .t - ,1 - t, ' -g
Dealer Urge. Congress I ' About the same time' hr!d ff
To Cental Price. , Sn' f?'mer. GT: f f
1 ... . x sota, speaking in Maine, declared for
- The Senate .'Banking Committee ' giving the Government "excess in-
heard somethipg new recently when ' ventory power-as a weapon against
Oliver W. Wood, - president of the 1 hoarding, profiteering and semi-mono-
National Used Car Dealers Associa-' poly" This is not quite the same
tion, asked the Congress to prohibit thing as price control but if the gov
the sale of a used car, at a higher ernment should use some form of
price than a new car of the same control to avoid present economic
model and make. This is what used ills, it becomes largely a matter of
to be called "price control". The ' opinion as to which controls are the
dealer explains-that his associates are! mst effective.
afraid that they will be stuck with a' Undoubtedly, the record t discloses
that price controls prevented greater
increases in the cost of living until
they were removed s by' Congrese.
Equally obvious is the fact that the
price ceilings were violated by black
market operators, who, despite their
violation of a war-time regulation,
waxed fat and continue to retain the
respect of their friends and
ciates. ' ;
1. NY?.!.;
illel-
, And Your Strength mad
K -i Energy I. Below Par
tt nay b auml br dbortor of kld
Mjr (unetloa that permit! poiMsow
wart to aecumuiat. For truly many
pwpte ImI tlrad. wak sd miambte ,
whm tht kidnaya (ail to nmeva awna
aeida and othar vaata nattar inm tha
Wood.
. Yon auy toSar aagflnf baekaeka,
riMamatla paina, haadaekaa, diaaiMa,
SMtiBf ap nigata, lag paina, wl.a. 1
Soawttana iraquant aad aeanty ariaa
tioa with anarting aad burainf ia an
othar aica that aonuthiaf kt wtaos with
tha kidnaya or biaddar.
Thai ahould ba ao doabt that prompt
traatmmt ia wiaar tbac aaglaek. Uta
poan't PilU. It ia battaT to tahr as a
Moicina that aaa woa onrywld ap-
Erovai than oa aoaMthlag taal laTorably ,
nown. iM'( hava baaa triad aad taa.
ad auny yr. Ara at all drag atona.
bat imn' t v. ' . '
f t - -
rt3
As If She Didn't Know
Doctor You are too fat, lazy, eat
too much and want more exercise.
Patient Put that down in Latin
so I can tell my wife.
MeettMg (Q)f JSmvd (0)f
ESqiimaEnzatrfim Amidl
Review
The Board of County Commissioners of Per
quimans County will meet as the Board of Equal
ization and Review in the Court House on Mon
day, March 15, 1948, at 10 o'clock A. M, for the
purpose of hearing complaints and the equaliz
ation of property values, and said Board will ad
journ from day to day until this work is completed.
i Register of Deeds, Perquimans County i
Only
NEKf CHEWL
HI W CWVtOUT 4-SPHD SYNCH! O
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Chavrolat-davalopad Synchro
Math trontmluion providat now
oota and afflclancy.
HIW CHEVIOUT ADVANa-MSICN
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ires
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if.
1 1
Hi
CHEVROLET
and ONiy Chevrolet
; IS FIRST !
SkCa mmm L " ,,, at tt
Trvsn war ngajn amsj vvsrriisjniifj -
Chavrolat's foot-oparatad park
ing broka on mod all with 3-tpaod
tronsmittion provldas now door
floor arooJ
HIW IMPIOVED CHEVIOIET
VAIVC-IN-HEAO ENSIHI
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darabWry and oparaHng affldancyl
mw sfUiTirii-riaTMti
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Now apaoad raor-axla aWl
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baaay-duty atodabx . . . Haaviar
hoajrlag-toal daalgn.
r -X-lrMlbi'U "-.Clivro!
IP' '"t myA:fM:&m
a ''Kvl'T,",,; 'V .1 Yv ". .
4T m''
3t
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