Newspapers / The Perquimans Weekly (Hertford, … / Feb. 3, 1950, edition 1 / Page 3
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THE ri&QUIMAN3 WEEKLY, HERTFORD, N. C., FRIDAY, FEBRUARY 6, 1950.' ' PAGE THREE mSHINGTON 3 balancing the farm : Support program , Crop production iwaa pretty good in the United States in 1949 and the government, under its. price support programs, had to take over a vast amount of farm products. This does not mean ; that .' most . of the money ' invested in these commodities will be lost., gome may be but bad weather and poor crops might change the picture in 1950 and enable the govern ment to make a profit on some of its Supplies. This has happened before. - It Is interesting to note, for the benefit of those Who still belabor the price support program, that the pro- posed federal budget for the fiscal vear 1951 calls for nnlv S9R2.nnn.nnn for farm price supports. "This com pares with $1,600,000,000 in 1949 and almost as much in 1950. The expecta tion of decreased demands is based Upon the elemental fact that control -programs have been initiated and that they will have some effect upon the coming season's production. f - With close to $3,500,000,000 invest ed in farm surpluses the government 1b not anxious to augment the total. Sweeping cuts in acreage and drops in the support price level for pota toes and eggs support the hope that the program will cost Hess and that world market conditions may become .-. While 90 per cent of parity con tinues to be the plan for the six bas- . ic commodities, including' wheat, corn, cotton, rice, peanuts and tobacco, the . support to be accorded potatoes has been cut to 60 per cent and, in the . case of eggs, to 75 per cent These two commodities, both being perish able, caused much of the headaches that have plagued the present sup- port, program. ,fc So far as the six basic crops are concerned three are under the dual - restraint of acreage allotments and marketing, quotas; These are pea nuts, tobacco and cotton. Com, .wheat and rice are under acreage con trol but not marketing quotas. Thus, it seems, the growers of these crops, "jactiiyr wisely, have cooperated in steps designed to reduce output un til carryovers become- nearer their 'Usual size. ; , .The peoples of the world, it may 'be said, can use the entire production :of American farmers. That is true but there is no way for them to buy our surpluses. Our foolish internat ional trade policy, including the high tariff,; prevents other nations from eUing-tbeir goods on the U.,f3. mar- . Ir&fr Invut -tltno vmqItas i imnsvnaiKi a trvr . them to get the dollar exchange nec essary to buy farm products. The reduction in plantings which -means a severe cut in production, is deplored in some circles but it would fits VAwmeiy ivuiuu iui Aurcxiuau farmers to plan bumper crops until, land unless, there is a market for them at a: fair price. When the demand drops,1 the agriculturalists, with gov ernmental guidance, should do what every factory does, reduce output un til demand increases. ONR DEFENSE LINE EAST. OF FORMOSA ' The attitude of the United States toward the advance of GommuniBm in the Far East was explained to the Senate Foreign Relations Committee recently by the Secretary of j. (State , Dean Acheson, who stood his ground before critics, anxious to promote de ciSive action about Formosa. , According to reports of the meet- -ing,. the Secretary pointed out that the line, Japan-OkinawPhahppines, is our line of defense in the Far East ", ind that it is East of Formosa. In xhlg line, according; to Mr. .cneson, the United States has an impregnable - defense in the area. r - I the Secretary, .who does not advocate . the arming of Formosa ' discussed Southeast Asia, inoluding Burma, In dia, Siam, Indo-China and Indonesia. He expresed the ' belief that condi tions in these areas are better than in the past and suggested - that about the most of the United States can do is to encourage these nations and give them Some aid under the President's plan to provide technical training and professional advice in connection, with improving their economic status. V. 3. FACES A LARGE DEFICIT The President has proposed in bis annual budget message- to Congress, expenditures of $42,439,000,000 in the face of expected receipts of 137,306,- 000,000. These figures contemplate a deficit of $5433,000,000 for the fis cal year which-ends June 80th, 1951. The figures under discussion in Cogress relate to the operation of the Federal Government from July 1st, 1950. While the amount, to be spent seems prodigious, involving the third largest defit in time of peace, and analysis of the proposed expenditures reveals that seventy per cent of the total cost of government is due to past wars and the possibility of a fu ture war. For national defense, the sum jf $13,500,000,000 w proposed. The Vet eran's program will cost $6,100,000, 000 interest on the public debt will be $5,600,000,000 and foreign affairs, including the non-military cost of the SINCLAIR PRODUCTS GOODYEAR "and U. S. ROYAL TIRES and TUBES ?U Us Service Your Car Today,"' ., TAYLOR THEATRE EDENTON, Hi C. Week Day Shows Continuous From 3:30 Saturday Continuous From 1:30 Sunday, 2:15, 4:15 and 9:15 Thursday and Friday, February 2-3 Glenn Ford and Gloria DeHaven fci "THE DOCTOR AND THE GIRL" o Saturday, February 4 Johnny Mack Brown and Max Terhune in "RANGE JUSTICE" ' Sunday, February 5 Robert Sterling and Gloria Grahame in "ROUGHSHOD" Monday and Tuesday, February 6-7 Randolph IScott and Jane Nigh in "FIGHTING MAN OF THE PLAINS" o Wednesdav. February 8 Jon Hall in "ZAMBA" William Tracy in "HAYFOOT" Eden Theatre EDENTON, N. C Week Dar Shows 7 and 9 P. M. Saturday Continuous From 1:30 Sunday 2:15, 4:15 and 9:15 Thursday, February 2 George Houston and Fuzzy St John in "THE LONE RIDER FIGHTS BACK" Friday and Saturday, February 3-4 Abbott and Costell in "RIDE 'EM, COWBOY" Sunday and Monday, February ,5-6 Bill Robinson and Lena Home in. JJSTORMY WEATHER" ''V, o- Tuesday and Wednesday, February 7-8 Laurence Olivia and Jean Simmons in "HAMLET" Shows 4:00, 6:30 and 9:00 P. M. Adults 90c to 6 P. M.;. after $1.20 , School Children All Ages 50c AT YOUR SERVICE For the Best In , . , . O GAS - OIL GREASE TIRES '- O BATTERIES -'O WASHING HE fc D'll'S SERVICE STATIOJI RAY WHITE, Prop. PHONE 86or- cold war, account for $4,700,000,000. - Even after making allowance for the fact that slightly more than seventy per cent of the total budget represent the "cost of wars, past or future," one''faces the fact that there remains slightly more than $12,500, 000,000 for the other functions of government. This is not chicken feed. It represents a staggering increase in the cost of government since the early twenties, when Congress appro priated a billion dollars. In this field of activity, there is undoubtedly money to be saved by economy and efficiency in govern ment, but exactly how much, no one can say. Even allowing for the tra ditional fact that democracy costs money, there would seem to be a pos sibility of substantial reductions. The President's figures do not come out of thin air. Where the money goes can be seen from studying the complete budget which runs just two pages short of a thousand. Even the President's message, outlining the budget, requires nearly six newspaper pages. Obviously, the average voter has not the time and many have not the ability to understand the some what complicated picture that the figures present 1 The estimated deficit of more than $5,000,000,000 will be the nineteenth in the. last twenty-one years. Sur pluses were available only in 1947 and 1948. Because of these two years the Eightieth- Congress reduced taxes about $5,000,000,000. Consequently, Mr. Truman repeats his thesis that the 1adly devised tax reduction" is chiefly responsible for the current deficit . SOUNDS LIKE v MOSCOW'S PROPAGANDA The recognition of Communjst CMna by Great Britain immediately produced demands in the United States that this country reduce its assistance to the British because of their failure to do as we do in regard to recognizing the Communist govern ment in China. The implication behind such de mands is that our economic assist ance program is intended to require other countries to acept the leadership (Continued on Page Six) WORLD TELEPHONE SERVICE TELLS A LOT ONE TELEPHONE TO EVERY 188 PEOPLE ONE TELEPHONE TO EVERY 10.8 PEOPLE ONE TELEPHONE TO EVERY 4.5 PEOPLE THE NORFOLK at CAROLINA! TELEPHONE & TELEGRAPH i COMPANY Elizabeth City - Edenton - Manteoj Hertford - Sunbury Building Materials For Eveay Purpose We have just received several car loads of BUILDING MATERIALS . . . things you will need for your Spring building jobs. We suggest you come in today and place your order for PLASTER BOARD in 6 to 10 ft. 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The Perquimans Weekly (Hertford, N.C.)
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Feb. 3, 1950, edition 1
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