Newspapers / The Perquimans Weekly (Hertford, … / July 25, 1952, edition 1 / Page 6
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ford, KorvA Caion. w , t liar' RnfomH i aeaand elrSS November 15, 1934, at Port (fcet it Hertford, North Carolina, ua der the Art of iiajach, 1S. -.. .-. SUBSCRIPTION RATES $2.00 Per Yen ,r ' Advertising rates furnished by request. FRIDAY,' JULY. 25, 1962. Auto Shortage? The prolonged steel strike is sure to cause short supplies of new auto mobiles in some areas, and likewise certain o improve the used car deal - er's market The strike hasn't as yet caused much panic buying, such as dealers enjoyed in I960, after the Korean war broke out. v The strike will cause another change in the industry- scene. New models, which were being readied by most of the major, companies, will probably make their debut later than bad been anticipated. . It is now esti mated that many new models will not appear on the market until 1963, whereas they were originally schedul ed to reach retailers late this year. There have been reports that deal ers in some areas stockpiled new cars early this year, in anticipation of a mid-summer buying spree. Others might have stocked new cars because sales were slower than they had an ticipated. -These stocks, what there were of them, are now exhausted. ' One can only hope that renewed output of steel will take its effect in the industry early enough to prevent another new car shortage. M ; .J . ; , The Olympic Games The Summer Olympics, which are ' now in progress in Helsinki,' Finland, will give United States athletes a chance to dispel the Soviet myth of athletic superiority. !From early indi cations, it appears that the male mem bers of the U. S. team nHU be a hard ! i'group to defeat On the eaherandias indicated in the following compari-1 most reporters look for a Russian tri- "umph in the women's division; point- ing out : that Russian women; are- much Rougher than our own female athletes. ; Russian propagandists claim ' that Kussian women are given equal oppor-' tunitiea and Job considerations with Russian men, even in the Red Army. These propagandists say the Russian . I- IT- - j. ..1. J wuuian is me most useiui sua appre ciated of all the world's women. Whether a triumph in the women's events of the Summer Olympics would -prove that contention or not is highly doubtful. Nevertheless, U.S. f airer-J sex athletes art. expecting still com petition from the Russian girls, who are described as typical Communist "toughies." i One recalls that the super-race was in full bloom in Germany when the 1936 Summer Olympics were held in Berlin and that a victory by the U. S. teani at that time deflated the ego of some of Hitler's super-men and super-women. One wishes the athletes from the country of s the glorious revo lution! the same fate. ' . The First Successful Atlantic Cible On July 27, 1866, Europe and America were connected by electric telegraph cable after -10 years of heart-breaking failure. The efforts began shortly after the Federal Gov ernment had discovered a plateau in the bed of the ocean on Which a cable ' could be laid. This was.in ,1856,' four years before the War Between the States. , , In August of ,1857, an attempt was made to lay a cable from the Irish Coast westward, but the cable gave way. -The next year, in 1858, another attempt was made, the cable . again breaking, later that same year, a third attempt was made and a cable ' was actually successfully laid between Ireland and Newfoundland and, on the -M A i . ... rt r a . . xvui in aukubi. looo. wueen Victoria sent a message to President Buchanan. While the celebration was continuing, this cable also broke. After the war, the largest steamship , afloat .was chartered and h laid an other still heavier cable. It started westward on June 25th and again the cable broke. The next year, a final attempt was made ,ana a heavily re inforced cable was successfully laid from, Ireland to Newfoundland. It - bad been reinforced 'sufficiently and This was 83 .years ago, the 27th of this month. L -ice t "t f-ne, mil-' lions of mearrr-s 1 r 1 from one country to 1 r v't ? t '3 a f 'i e'ec- trie cable. Atlantic c Pacify. ' , wave ri. ... -thet ' -d c c nenis a.-i r V Ur An ! Abiioriiial Amour.t Of Money Accumulat ed and Held An interesting phenomenon that l a prevailed in! this country since the end of the last war is tne aonormaj amount of cash that ha been aoounfo. lated and held by the people at larre, contrary to prudence and to sound individual money practices.- r The total of currency now outside the banking system figures out to the eauivalent of around $400 for every member of the working popu lation, including the armed forces. The comparable figure in 1939 was only 4115, while throughout the pros perous period of the Twenties the total currency in circulation outside banks was never more than the equiv alent of 1100 for every person in the workine population. What makes this expansion all the more unusual is that an increasingly large part of the money in circula tion consists of bills of denominations that most people would not ordinarily use in every-day transactions. For ex ample, bills of $20 and "more, con sidered together, now make up more than three-fifths of all the cash out standing, as against less than half be fore World War II. And $100 bills alone, of which there are snore than $5 billions now outstanding, repre sent nearly one-fifth of the total money in circulation. . ' . .'. Figures compiled by the Federal Reserve System show that money in circulation , outside the banking sys tem reached a peak, of $26.7 billions at the end of 1946, more than four times the 1939 total In the next fours, 1947: through I960, the total dropped more than a billion dollars., This downtrend was reversed last year, and the current figure for cash outside the banking system in the neighborhood of $26 billions. About four-fifths of this cash belongs to in dividuals. .', f ' civ - The whole economy, of course, 'has. grown greatly in the past decade, and the general . price level has nearly doubled as well. These and other fac tors would help to explain the need for a very much larger amount of cash for personal and business reasons than existed previously. t Nonetheless, the amount of easb now in the hands of the public has grown substantially more than can be attributed to economic factors alone, ; sons between 1939 and 1961: Gross national product up' from $91.3 billions to $327.8 billions, a rise of 250 per cent. Total wage and salary income up from $45.7 billions to $169.7 billions, a gam of 271 per cent. Consumer expenditures up from $67.5 billions to $205.5 billions,- a gain of 204 per cent Currency outside banks up from $6.4 billions to $26.3 billions, an in crease of 311 per cent Cash in circulation has also in creased considerably more proportion- i.1 1 1 1 . ' rm . ately than have bank deposits. amy inaii uave uaaa aepoBiis. ine total of currency outside banks is now the equivalent of around one-seventh of all bank deposits in the nation, in cluding savings accounts and Postal Savings, a ratio nearly half again as great as j prevailed before World War II. : . vS-,V-- It ' is natural for a situation like this to arouse, widespread specula tion as to its Causes. There can be little doubt, for one, that the savings element has been a significant expan sion factor, even though stashing away cash Is hardly a sensible or economi cally productive way for an individual to save. In this connection, it should be noted that the growth of money in circulation over the past year coin cided with a marked increase in per sonal savings in general. v u Nonetheless, considerable susbicion exists that tax evasion and hoarding havje played an important role as welL This suspicion is strengthened by the Federal Reserve figures showing the extent that the bills of large denomi - NOTICE OF SALE OF NON-PAYMENT 1S51 TAXES A ' (Continued from Page Two) White, Mrs. J. R., 15 acres Swamp Land Wilson, F. M., Jr., 1 Home and lot ... . .-. wood, watton, 1 jot NEW HOPE NO.- 2' omm, uenreTta, V.acre Johnson Land Gramby, Lee and Wife, 12 acres Henry Skinner Land 15 acres land Gramby, Tony, 13 . 510 - acres Winslow-Ciramby Land, 28 acres Margaret Land , I y : Harris, James E., 1 'School House' lot j. .,,... Hoffler ' A. W, M acres Lamb Land V. , , f , ',. James, Rufus 2 acres Home Land, 2 ees Collins Laid t Johnikins, Howard. 1 acre New Hopr Road Pool Land a. Johnson, Hannibal, Heirs, 1 acre Home Land , uns, warier, 1 lot and new. honse Leigb, Ateus, 28 acres Rose Leirliand Leig h Robert A.,:;Jr 1 acre Margaret fcu-.a Land J'allory. Qeophus, 165 acre Sawyer Land .i., ,, ,,' ,, , ',. ,. Mallory, Enos, 8 acres Overton Land, 45 acres V, Ute-Roberson Land Moore, E3 t, 71 wi MullinJWilson Land . . Moore, -tZi -iiie t i acres Mullen Land Overton, J a.. - Li., 13 acres Overton ln ', 10 Overton, JamtA 610 acre pH Pool I? 1 Sawyer; Harry V., 10 acres htE I -Jrx. 5 "omi. K. W 1 tn mnA ku. ; .fill l i Tier, Jiis E., 25 acres i r I .:man, r. 1 X acre i- J - t : 4 2 i A Li .rren, Lr i (nations have exceeded Le rate of gain of the' smaller bills thrt &e average person is accustomed to ttsirjr., Right now the total of t-0 bills outstanding, by far the larsat amount of any- single denomination, is nearly six times, greater than in 1939and the $60 and $100 bills are not far be hind in their rate of growth.- By contrast, ' there are three and one half, times the amount of 10 bills outstanding now as in 1939, and only twice the amount of $1 and $5 bills. MASSES SUNDAY IN MARINE CHAPEL AND' EDENTON CHURCH July 27 the Most Holy Sacrifice of the Mass will be offered at 7 and 9 A. M-DST, in Marine lAir Station chapel, near Edenton, and at 11 A. M. EST, in St. Ann's Catholic Church, Edenton, each including sermon on "The Love of Our Neighbor," Holy Communion, followed by Rosary' for Peace, Sunday School, wKi confes sions, tor naif naur Before services, stated Father F. J. MdCourt, who in vites everybody to all services. . Week mornings in Marine chapel: 6 DST confessions, 6:16 mass and Rosary. Lesson -'-Sunday School - ' ' Continued from Page Seven) way he should go is to travel that way yourself." t , '. (These commentaries are based on copyrighted outlines produced by the Division of - Christian Education. Na tional Council of Churches of Christ, UJS.A., and used by permission). : Whoever ehallenjres : the errors of others '.and cherishes his own, can neither -help himself nor, others; he will be called a moral nuisance, a fun gus, a microbe, a mouse snawmg" the vitals of humanity. ' Mary Baker Eddy. , Classified end LcgL's FOR SALE-DEUUXE ROPIER GAS range. In perfect condition. Price ' Appliances, Sales and Service, Bel- videre, N.p. , . J , . ang 1 NOTICE OF ADMINISTRATION . Having qualified as AdmlnistraW of the estate of H. E. Bogue, deceased, nZL lTJ': late of Perquimans County, North i, ZZ having claims against the estate of said deceased to exhibit them to the undersigned at 1202 Harrington Road, Elizabeth City, N. C, on or before the 23rd day of June,-1953, or this notice will be pleaded in bar of their re covery v All persons indebted to said estate will , please make immediate payment ' This 23rd day of June, 1952. . W. 'A. BOGUE, ti. Administrator of H. E. Bogue. June27July4,ll,185Aug.2 NOTICE. OF ADMINISTRATION Having qualified as Executor of the estate of Julius Moore, deceased, late of Perquimans County, North Carolina, this is td notify all persons having claims against the estate of said deceased to exhibit them to the undersigned at 209 East Albemarle Street, Edenton, North Carolina, on or before the 11th day of June, 1953,' or this notice will be pleaded in bar of their recovery. All persons indebted to said estate will please make Im mediate' payment 1 - ' This 11th day of June, 1952' ' W. H.. DAVIS, , , ,. . .Executor of Julius Moore. june207July441,1825 NOTICE OF ADMINISTRATION .. Having qualified as ' Administrator, CTA., of the estate of Mrs. OlKe Boyce Lamb, deceased, late of Per quimans County, North Carolina,' this is to notify, all persons having claims against the estate of said deceased to exhibit them . to . the undersigned at 'Tyner, N. Cr on or before the 16th REAL PROPERTY FOR 2.85 .29.13 -41.13 $ 4.27 21.09 14.18 11' 0 1 ' 7 i. i ISM 7.07 r3 'lS.o7 tui 1 2.78 5S .21.74 - 7 -1. ..-II ? Overton Land - 'n - -. , . 1 t Land ; 1 f "d, 5 acrrs L -inner Land . ver Land - 1 i ad D. i. .. . .1 1 1 J.'l j: i L.: " - ' ( lj'.ei :al " . . .luis lC.j Lrf . 1 Adminictrator, C - ct I" j. ' Cie 1 june2a7jiIy4A18; . J " NOTICU Cy AC! f Having qualified as Lu jt of the es1Ae f B. C 1 ? f jiS ledv late of iPerquimans C"' '7, AVer Carolina, .this, is to i 1 per. sons havif? claims, . : t -t" rt. tate of- sa;l deceased! t r ' " t i i to th ntir!.rieTMwl at 1. ' 1. TI. n on or before ttie 29th cVv f June, 1959, or this notice will f plesd in bar of their recovery. L I pc-gous indebted to said estaU nil- please make immediate payment. m This 8tb day of Ju-e, 1CX2. . MRS. MAUBE IB. "XJEt, ' Executrix of IB. . i Thswh. july4AlA86,augl . . . A NOTICE CXF ALMHNI3THATION Havinv caulified as Admiairtn of the estate of Mary J. Tbillirs, de ceased, late, of ' Perquimans County, '.. -WE HAVE A COMPLETE LINE OF v ' OIL FILTER CARTRIDGES jTO FIT ALMOST EVERY TYPE OF CAR, TRUCK , , ; 1 OR TRACTOR. ' ; r" Save Costly Repair Bills By, Seeing US For-' ? NEW OH. FILTER CARTRIDGES TODAY! i JOE fc DILL'S SERVICE STATluli . RAY WHITE, Prop.; ' 1 u U : . .... ' " " :a : Ji .'AUt :itr. ,v:;i 3 r IKK of I ti t i i the v n i.l j ?efft, 1 . i v. . t, N. C, on tr v .ue & v , a dly, iw3, ct this noce v-.' 1 1 i Zi in bar f their recovery. All persons indebted to said estate wlU p'.cxs make imme diate taymenti - " . . , . iTfcis 16th d?y f JJ7, 1:.1 . gAiiL l i. irzzzrs, Administrator of Hary J. rhillips. , , En Aur 29 - . . ' H OT I CE Until further notice my 6f- ; fice will be dosed all day , on Wednesday. ,r As D. Cw....r,Cj6 , : ; AT YOUR ; SERVICE . IJ ; PHONE 8601 1 - 4 000 4 ' i.y-: . ' " w t ,v( - , , , , r ' '' t . i i 4 .'. : "-! w '' v dionK'o. Vj i by J-y 1 ant 6nynt.:. ..... ... A-.nHt.'M H'l U ra bppv i X y . ... a t IS ' t - .i 4 t SMh,et wat C 1,4-4 tutei : . Do'nL:j L'tiLb fl:hha' COID VP! 'VI t When your telephone xecehret v is' caieleisly left off 1 book, 1 you art robbel of . iticcinlng: calls. One receiver off the book . ' on iftrrf line, and no one can receive incoming or make ;.. outsoing calls. Always replace , die receiver carefully and you'll ....I-.: L. L -I J never dc a pairy tu a uy. TfiB NORFOLK, at CAROLINA 'TELEPHONE ft TELEGRAPH - ' ;P0MPANT ' K7iiabeth Qty - Edenton - Manteo e ' ; ' " X - 1.) KvU-,, V. I
The Perquimans Weekly (Hertford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 25, 1952, edition 1
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