Newspapers / The Perquimans Weekly (Hertford, … / July 18, 1952, edition 1 / Page 10
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The American sarer, Ion; adverse ly affected by the workings of the Government's "cheap money" policy, has recently been setting the firat en- ditions, rising costs of operation, e'-j. ., 'AO in alii however, the imrov ment in the return on invested eav town has been extremely modest t? couragement in years, even though KfTlZT modest, for his thrift and self-denial in the form of a slightly better re jturn on a substantial portion, of bis savings and investments. This is a' welcome development af ter a period of nearly two decades in which invested savings lost a large ' part of their earning power. ' flow ever, the improvement 4o date has been small and far from uniform, and a setback is easily possible as a result of the resumption of Federal deficit financing and its renewed inflation of credit and the money supply. . HA11 in all, therefore, in the ngbt of the boom in the economy and the de preciation in the dollar's buying pow er, there has as yet been no material change in the saver's role as the "for gotten man" of our times insofar as the reward for his thrift is con cerned. As a matter of fact, figures compiled by the U. S. Department of Commerce show that the aggregate return on invested savings personal interest, dividend and rental income was still virtually at its all-time low level in 1951 gauged by its propor tional contribution to total personal in come for the year. It is significant to note, too, that investment income in the United States, judged by the trend of long term Government bond yields from the end of World War II to the present, has, gained less percentagewise than that of other countries, such as Eng land, France, Holland and Canada. In fact, U. Sf Government bond yields are the lowest in the world. ' The major factor in the improve-1 ment in the earning power of invested savings was the agreement between the iU. S. Treasury and the Federal Reserve System to unpeg the Gov ernment bond market This brought about a modest rise in the yield on Government and other high-grade se curities and a firming up of money rates in general. ) More recently, the Treasury in creased the yield on U. S. Savings Bonds' from 2.9 peB cent to -3 per cent if held .to maturity. In other areas of the thrift field, a large num ber of banks has increased interest rates on savings and time deposits, and many savings and loan insti tutions have done so, too.- However, the changes here have been far from umiorm or universal such as local con records of the life insurance busin and its investment experience v. the pooled funds of its 86 mill, policyholders. ;v . V v . The figures show that back in V Twenties the life companies comblr.J earned a net rate of interest of bet ter than 5 per cent annually on their investments. Beginning in 1931, in vestment yields began to drop rapidly. By 1940, the life insurance 'net in vestment earnings rate bad fallen to 3.45 per cent for the year, and seven years later it had slipped to a record low level of 2.88 per cent as the re sult of conditions in the investment market . There has been some recov ery since 1947, but even so the net earnings rate on life insurance funds after Federal income taxes barely top ped 3 per cent for 1951, a two-fifths drop from the Twenties. ; In view of the diversification and national distribution of life' insur ance funds, their earnings rate is a barometer of the return on invested savings in general. Of added import ance to the owners of life insurance earnings contribute a material part of the cost of life insurance, thus keep ing premium payments lower than they would have t be otherwise. - GOLDEN ANNIVERSARY ' , V (Mr. -and Mrs. Horace Boyce of Hertford Route One celebrated their golden anniversary Sunday with their children, grandchildren and friends at a picnic dinner being served on the beach at Harvey Point. l. ; Those attending included Mr. and Mrs. Horace Boyce, Mr. and Mrs. Dal las White and daughter Delphine, Mr. and Mrs. Roy Boyce and children, Mr. and Mrs. A. M. Copeland and chil dren, Mr. and Mrs. Dave White and children of Elizabeth City, Mr and Mrs. Bill Elliott and children of Great Bridge, Va., Mr. and Mrs. I. A. Coop er of Elizabeth City, Mr. and Mrs. Jo seph Asycue and daughter of Great Bride, Mr. and Mrs. Tolliflf Ward and daughter of Great Bridge, .Mr. and Mrs. Avery Ward of Great Bridge, Mr. and Mrs. Jimmy Ward of Great Bridge, Mr. and Mrs. W. W. Tempee of Great-Bridge, Mr. and Mrs. Wen. dell Sawyer of Great Bridge, Albert nyers of breat Bridge, Mr. and Mrs. ' - J." At 1 w .... -A and Mrs. Horace' t. t 'Mren, all of Elizabeth CI ITr. aad r. . y :" . . j um. Iync'h, Sr., 1 I "rg. Col- .jn, Jr., Eon I r, llr. and 3. Charlie Winslow and daughter. and Mrs. Sidney Ccpoland and vjhter,. T. C. Proctor, Eay Ayscue, 11 of Hertford, Miss Lydia Ann Saw' sr, Mr. and Mrs. J. R. Byerly of Powell's Point i" Nathan White. Mrs. Julia RtrwwH. Mr. ............. t-inr rnrir J.nr,rtfJMVWMWWVAAAA , . CHAPPELL HILL WINS. Chappell' JIul baseball1 1 team .won two games from Newiand during the oast week-end, winning bataraay by a score' of 12-6 .'and- JSunday.by a 5-2 margin. Ted Chappell and Paul Chap. nell did the prtcmng for Chappell Bill while Arnold Chappell and Durwood Twine were the receivers. Chappell Hill is playing in a laegue composed of teams from Chappell Hill, Whites ton, Newiand and Sootb Mills. . AN EXPRESSION OF GRATITUDE On Monday night," June 80 the Per quimans High School-Veterans Far. mer Training Class and . instructors, in order to show their gratitude and appreciation to G. C. Buck, their ag riculture leader and advisor for the past several years, called him in and presented him a 100 savings bond as a gifrfrom the class and instructors. WHITESTON NEWS Mr. and Mrs. A. B. White, Misses Marjorie. Thelma, Patricia and Mary Frances White apent last week visit ing relatives in (Washington, D. C, Roanoke, " Va., and Wmston-Salem, N. Cj . .'. -- Mrs. R. R. White spent last week in Washington, D. C, with her daugh ter and son-in-law, Mr. and Mrs. Fred Upton. , , j .. Mrs. fLou Morgan of Elizabeth City is visiting her sister, Mrs. Mary Wil liams. ' , (Recent guests of Mr. ' and Mrs. 8. N. Riddlck were Mr. and Mrs. Reapes Jones and Mr. and Mrs. William Jones of Elizabeth City. 1 : Mr. and - Mrs. (Leslie White and daughter of Woodland spent the week-end with. Mr. and Mrs. Lyndon White. ' . Miss Dorcas". White af Winston- Salem is visiting Mr. and Mrs. A. B. White and family. - ' Mr. and Mrs. 'Johnnie Moore and daughters; Effle Marie and Delia Jean, of Newiand were, recent visitors with Mrs; Ida Winslow and family. Sunday guests were Mr. and Mrs. Johnnie Baccug and family of .Hurdletown, Mr. and Mrs. Leslie Hobhs of Seaboard, N. C, and Mr. and Mrs. Paul Bunch of Hobbsville, 7 and . : I';;M - I . r. and i dai- ters, C.wl anj c f folk spent the weci. i s Lasaitera parents, Mr. , . Irs. J- ;s Lar-fter. . . Miss Dorothy Jean V ..low in vli- iting relatives in Norfolk, l-rs. L. L. I -M, JT" ,T "' " -n Mrs. Clyde Line and ., vlyde Emory and Joyce, spent ThursJav in Norfolk with Mrs. Russell Smith." . i i .1 1 aaj i.r. and L -Uren of i. , jius Wini,lj. Ht. and lire. Johnnie Brads! aw and three children; of Guilford Col '.r-re called on friends in the village Wednesday. Mrs. W. T; Smith, who has been with her husband while in a Richmond hospital, has returned $ome for a few days and reports Mr. Smith is recov ering nicely from his operation. ; TT7T irmTunn -1 r-' ana jaTa' " "..-uiappell and OilJjllJIM!u.iditi'Aehndr'Mly..Ui and Mm. r"A -i ; T,:,m . j i) -Vi j i ,-i iSvmons, snent Sunday and Mondav in Mrs. Ella r Weacott- snd drc-Mvl Washinston. D. C Mrs. Symona 'rm. Emily of Blue Ridge and Ur.Vnd Mrs, .mained to, visH friends tiiere this Juwwy ox ' L.bOfcbd iaty. wees. ' .-. , -r ; V Li V W. Koutc inree were unu y . uest of Mr. and Mr (Tarlie Twine.c They were also . Tuesday ;,visitors "in the home of .Mrs. Mamie lAsbell anii family. Mrs..' Martha s Young' of Orlando. Fla- who has beenrvisitine Mr. and Mrs. J. M. Copeland, left iSunday' for west Virginia to spend'- some time with relatives - Mrs. Bertha j White spent the week-end with friends at Woodland, near Goldsboro. Lois Violet ' had : as her dinner guests Sunday Ann ' White, Avis and Judy Winslow. LaClaire Winslow has as her meat tnis week WINFALL NEWS Miss. Myrtle Pike of Baltimore. Md, h spending some time with her par ents, Mr. and Mrs. B. F. Pike, j Mrs. C. " W. Tyree and Mrs. J.-.I. Tyree spent Sunday in Plymouth Miss Barbara Divers of Hertford is visiting her grandparents, Mr. and Mrs. W. J. Stanton. Mrs. Charlie Umphlett and children have returned from their cottage at Mr. and Mrs. E. B. HoUoweU visit- ed Mrs. Hollowell's father, the Rev. J. E. Copeland of Askewville on Snndav. Mr. Copeland suffered a lisiht. strnkn and Marv TW 0,1, ttJrrr? conaraon W rL d:-.? "UTZrr-l improvea Tuesday Avis,; Judy, Lois Violet Winslow and Ann White joined them hi a oeacn party at Hertford Beach. Sunday School Class No. 7 of Up River .Church -met . with Mrs. L. C. Winslow Monday evening for its regu lar monthly meeting. Mrs. Thomas Winslow, assisted by Mrs. Claud Winslow and Mrs. Oliver Winslow entertained the United So ciety of Friends Women Baturdav afternoon in . her home. The haw president, ' Miss Lucy White; preaid- iMrs. R. E. Waiters and daughter Ann of Orlando, Fla.; and Mrs. Ray mond Christian of Clearwater,' Fla.; are visiting Mr. and Mrs. J. L. De laney. t Mr. and Mrs. G. F. Hollowell and son and E. B. Hollowell visited Mr. and Mrs, J. M. Matthews of Elizabeth City Route 1 on Saturday. Mr. and Mrs. Bailey Temple and sons of Newiand visited Mrs. Temple's parents, Mr. and Mrs. E. B. Hollowell, on Saturday. .- 7: ' Mrs. W. G. Hollowell nan returned ed and presented the day's lesson- hm fm vs . v.. two Latin i American ' . chaiiu4Av'nni. .i. u .i ."I"""!! T " V JJCT WbvOjV. I . . ' i. -1 1 .. r A T . ... ' . ! i mm. a. a. .winsiow ; na as her: 1 guest at Kill Devil Hill Mr. and Mrs. sketches, LaRue Chappell of Miasiasi- 1950 Plymouth 2-Docr 1952 PIyir.outh CDocr 1942 Plysncsth 4-Door l949CheyTeIst,2-J)ocr 1949 Chrysler, Sedan 1948 Plymouth 4-Door 1946 Chevrolet, Sedan 1950 Chrysler 4-Door 1940 Dodger-Door ; 1948 Chrysler 4-Door : 1950 Chevtoletf Club Coupe 1949 Ford, Coach: j 1951 Plymouth ; (Club Coupe) I i942Pontiac2-Door ! v;rJ V.-, yy?f,-r--W-.:,.p - i SEE US FOR BATTER BUYS - IN ' USED ' CARS ,; FOR PLUMBING MATERIALS WE HAVE A LARGE SUPPLY OF . mm m wkv ELECTRIC VMR PUn'PS CADRIET SluKS (single or doisdrobrrds) BATH TUBS TOM COi'IMIS ? n uX " " i . ; ! j: i in - ' li rf ' ,:. u u Li-u u yj Jj"" tt 'if mmm : f;?e fitti::ss soi pipe na fiTn:3 I Tiif 6 i V . :'. t'-r... V " f' ' ' ' ' ' 1( sf- X I (Chrome or Black) YOUXL FIND WHAT YOU NEED AT r V- - IEHTT03D, N. a ' r ; Oi7 SA TURD A Y JUL Y 19. w 'wHl 'C;-'' . . . cnl7 newf ILn of general-purpc tractors tuc- ' , ccrrcrsto th f c:cus John Deere P.lcde!j WAW 'esdf "3.") : T J Peerc tractcra feature ns;rr c-bceri " ' On? cfthc- ncT7 pccb trD Ho f : ' :y ct cur It ;, ; i' ' rT x v,. wv.w;..vi( v.unvuc.ti.,; W f A r 4 r -J. A H.JDf 1J Ca 4 if. ifJJ(--w.4 r'44- '
The Perquimans Weekly (Hertford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 18, 1952, edition 1
10
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