Newspapers / The Perquimans Weekly (Hertford, … / July 16, 1954, edition 1 / Page 4
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TAG3 FOU-t TnsuniANs vrrrLT, ettosd, n. a, tzidayjcly is, r-:. TIl Perquimans Weekly Published Friday at Hert ford, North Carolina. MAX CAMPBELL. .Editor Entered as eeoond class matter November 16, 1964, at Poet Office it Hertford, North Carolina, un der the Act of March, 1179. SUBSCRIPTION RATES $2.00 Per Year Advertising! rates furnished by request.. FRIDAY, JULY 16, 1954. New Wheat Production Cutback The Eisenhower Administration has called for. another drastic cutback in wheat production, which will probably trim planting- acreage to 65,000,000 acres. In addition, the Department of Agriculture has announced that farm ers will be compelled to abide by pro duction restrictions. The Government, is in effect, at tempting to check the heavy flow of wheat into Government storehouses and get the Department of Agricul ture out of the wheat-buying business to such a large degree. The new cutback in wheat produc tion is expected to reduce the wheat crop by some 7,000,000 acres. It is estimated that 62,000,000 were planted to wheat this year. Two years ago the acreage was 78,000,000. The latest Department of Agricul ture estimates predict that this year's wheat output will be about 1,000,009, 000 bushels. The present surplus is approximately 875,000,000 bushels and it is estimated that at least 100,000, 000 bushels of this year's crop will be added to the surplus, thus making the surplus almost as large as the year's crop. ". The effect of the new policies on the wheat farmer is likely to be notice able, in many cases, since an acreage reduction will have a direct effect, and because of the uncertainty of price suports under the prospective flexible price support system. If both these factors work against the wheat farmer, the effect of these policies will become a hot political issue in 1956.'."- . latre at Kili told the U. S." reporter Bikinians' old clothes were falling off and that they were hungry and that they looked, to the united States to do something for them. 1 Unfortunately, the United States' is not what it should be in our his tory of dealing with Indians, and other displaced peoples. While the case of the 200 Bikinians may not be of ma jor significancee to many people, the U. S. Government's reputation is at stake and has been and our rcord of the last seven years with these people is a sorry one. , One need only imagine what Communist propagandists can do with this sort in humane bungling in Washington. , i j Summer Theatres In State Now Showing Drama under the stars is again at tracting large crowds in North Caro lina's mountain and coastal vacation lands, where three big outdoor dramas reopened the last week in June and will play six nights, weekly through the first week in September.. The dramas are "The Lost Colony" at Manteo, on Roanoke Island, nightly except Mondays through September 5; "Unto These Hills," at Cherokee in the Great Smokies, nightly except Mondays through September 6; and "Horn in the West," at Boone in the Blue Rdige Mountains, nightly except Sundays through September 6. All of these dramas are presented in am phitheatres seating up to 3,000 per sons. A fourth drama, "The Sword of Gideon," will re-open July 22 at King's Mountain and play Thursday, Friday and Saturday evenings through August 14. Fa I f 1 SENATCl. IETM f niLj Washington The Senate will prob ably be wrestling soon with a request from the Administration to raise the statuatory debt limit . Debt Limit I do not believe the Administration has made a case to prove that this step is necessary. To me, this is a dangerous habit. If we are in war or some other grave emergency, that is different; but I can't subscribe to the theory that we must continue to bor row money to saddle future genera tions with debt unless we have done everything to cut the fat out of our spending. I voted against extending the debt last session and I expect to do so at this session. Economic Aid The Mutual Security Act is a very complicated matter. It covers all phases of foreign military and eco nomic assistance. As you know, last year aid cost around seven billion dol or Administration and it left a deficit in the budget of almost $3,300,000,000. For this reason, I plan to vote against what I believe to be wasteful foreign economic spending. At the same time, I will support necessary foreign mili tary spending. ...;;;.:::.-': Red China I have been asked about my position on the admission of Red China as a member of the United Nations. 1 My reply is that we must vigorously oppose admitting Red China. No only does Communist China have the blood of American soldiers on her hands, but she has also been at war with the UN, she still holds American men as prisoners, and many other rea sons compel us to resist her admis At this time, I cannot go so far as to say that we ought to withdraw our membership if Red China were admit ted. I think it would be better to I Ridge Divide , jtfojth. Carolina,. f It . is a paved four-lane Jink on transcontinental U. S. Highway 70 be tween the towns of Old Fort and Ridgecrest, and was 'Completed at a cost of $8,000,000 jto replace the hair pin curves and steep grads of the old two-lane concrete section built in the early 1920's. l Construction, of the new road in volved the greatest earth-moving pro ject in the history of North Carolina's extensive road , building program. Three million cubic yards of earth and Btone were whittled off mountains and pusd 1 1nto filfs before IftumlnouB pavL: began on the 6.15 mile stretch . of highway. At one point, the road's, two 22-foot wide sections rest, on a 185-foot high fill containing almost a million cubic yards of earth and stone. The new highway climbs 1,420 feet with a maximum grade of 5 per cent . and 19 easy spiral curves; on the 8-r mile section of U. S. 70 which it re- ' places there are 98 sharp curves on an ascent of 1,215 feet The men of action only the unconscious the men of thought are, after all, instruments of Heine. lars. It is proposed to-cost less thisi",::u ffiTT-ST "T Since 1940. Uncle Sam has ex-""1 - "lc "i"" ne m KeeP M ELLERY QUEEN WRITES OF ITALY MURDER The strange death of a pretty young woman that created a sensation in high Italian government circles is the subject of a mystery thriller by El- lery Queen, famous detective-writer. Don't miss this exciting feature in the July 25th issue of THE AMERICAN WEEKLY Magazine in Colorgravure with the BALTIMORE SUNDAY AMERICAN Order From Your . Local Newsdealer year. tended almost $100 billion dollars in grants and credits to foreign govern ments. Grants are usually outright gifts. A large portion of this amount has been in economic aid. I believe any thinking person felt the necessity to go to the aid of war-destroyed econ omies and suffering people to help .them get on their feet after the war. We did that cut now the question is will there ever be an end to costly foreign aid? I sincerely doubt that we can, in the immediate future, elim inate foreign MILITARY aid, but I think we must eliminate foreign ECO NOMIC aid so long as our nation's bud get remains .unbalanced. -I k- '. i National Debt Our total national debt, subject to statuatory limitation, is now running around $270 billion dollars. The fiscal year ending June 80 was the first full fiscal year in office for the Eisenhow- What Of the Comic Books? Every once in a while we run across the fact that parent-teacher groups and others interested in the welfare of children, express the belief that fewer "blood and thunder" comic books would aid in combatting juvenile de linquency. . The possibility exists that these in dividuals are correct but in their criti cism of the literature of youth, they are following the example of earlier generations. There has hardly been a time, in the history of the country, when the adults of the nation did not criticize and condemn the literature of the young people of their day. The modern comic book, and its counterpart, the radio serial, probably provide modern youth with the same thrill that their elders got out of the "dime novel." It might be better, of course, if youth would take to the reading of .the classics, or some use ful and informative tomes on practi cal subjects, but the way .to persuade them to make the change is not appar ent. With many of them, it is a case of reading the "comic books" or read ing nothing. Injustice: U. S. Style A reporter recently visited the island of Kili, in the Marshall Islands, to see how 200 Bikinians were faring in their new home. The United States moved eight years ago when it began tests of these 200 former inhabitants of Bikini atomic weapons in that area. V The story which confronted the re porter on his arrival is not a hannv one. In. the first place, Bikini was about ten times as big as Kili, It in cluded some 36 islands, surrounding a lagoon, which had: a plentiful supply of fish year around... Fishing, , therefore, was the pri mary occupation of the Bikinians. However, on Kili, there is no fishing seven months in the year, because the high surf makes it almost impossible during this period. . The lives of 200 natives may not have a major effect on the outcome of the struggle between the free and Communist worlds but a better fate is due the 200 Bikinians who were mov ed from Bikini some seven years ago. They spent two years an another at oll, after which time they were moved to Kili. They were driven from their first new home by hunger, and it seems that they are facing the same problem in their new island location. An idea of the neglect of these na tives, for which the United States Government is guilty, comes from the reporter who visited tie island. ' His visit was the first time in six months an American had called at Kili. The number two man in the Bikinian vil-l SALE SALE SALE! I Friday, July 16, Through Saturday, July 24 I WAOT TO TURN SOME OF MY PRESENT STOCK INTO CASH! I have in stock a lot of Ladies' and Children's Dresses, Nylons, Linens, Taffetas and different material. I have Blouses and Skirts, Men's and Boys' Sport Shirts, Ladies', Men's and Children's Underwear, Yard Goods, Men's Work Clothes, Hosiery and Towels, and many other items too numerous to mention. ALL ON SALE ATA BIG SA VINGt Ladies' Dresses (all new stock).. $2.49 to $4.98 MRS. RbYE PARKS RYLAND, N.C. ii.nrr ,, it t., ,.4 i. r,.irr I REPORT 6f CONDITION OF HERTFORD BAfiiUNG COMPANY Of Hertford, in the State of North Carolina, at the close of business on June 30, 1954: ASSETS 1. Cash, balances with other banks, including reserve balances, and cash items in process of collection ;$ 627,138.28 2. U. S. Government obligations, direct and guaranteed 1,071,022.50 3. Obligations of States and political subdivision 340,478.52 4. Other bonds, notes, and debentures 67,855.63 6. Loans and discounts.... .. , 798,157.13 7. Bank premises owned, $19,297.40; furniture and fixtures, $8,844.40 28,141.80 Other assets 8,325.36 11. 12. TOTAL ASSETS .... ; $2,941,119.22 LIABILITIES 13. Demand deposits of individuals, partnerships and corpora tions ; . ?1,453,708.3 ilHAn.'tfl C !:; J..l. l l 1 1 a ' Arn nn. . i 14. Time deposits of individuals, partnerships, and corporations 10. Deposits oi v. a. government (including postal savings) ; 16. Deposits of States and political subdivisions . . 18. Other deposits (certified and officers' checks, etc.) 19. TOTAL DEPOSITS :' $2,577,283.32 20. Bills payable, rediscounts, and pther liabilities for borrowed money '. ;: . 23. Other liabilities . .... 953,221.64 34,574.65 132,023.28 3,755.52 100,000.00 6,762.00 24. 25. 26. 27. 28. .9. 30. Capital Surplus CAPITAL ACCOUNTS Reserves (and retirement account for preferred capital) ..$2,684,045.32 .$ 25,000.00 .. 150,000.00 64,216.56 . 17,857.34 ..$ 257,073.90 TOTAL CAPITAL ACCOUNTS .. .. TOTAL LIABILITIES AND CAPITAL ACCOUNTS. .$2.941,119.22 This bank's capital consists of: Common stock with total par value of $25,000.00. Total deposits to the credit of the State of North Carolina or , . . any official thereof : None. ; 4 , . , MEMORANDA 31. Assets pledged or assigned to secure liabilities and for other purposes .. $ 233,012.85 I, R. K Stevenson, Cashier of the above-named bank, do solemnly affirm that the above statement is true, and that it fully and correctly represents the true1 state of the several matters herein contained and set forth, to the best of my knowledge and belief. " R. L. STEVENSON '::...'? ' Correct Attest: v :,:. CHASTE.. JOHNSON, - R. H. RIDDICK, , V. N. DABDEN, V Directors.. ; : State of North Carolina, ., County of Perquimans. ' ' ; Sworn to and subscribed before me this 9th day of July, 1954, and I here by certify that I am not an officer or director of this bank. i . ' a . (S51) " D. F. REED, , Notary Public, '. My commission expires March 80, 1956. ' ' irom Happening, i believe we can. We must never let ' communism . take over in the world through a diplomatic forfeit by the United States. Spectacular Highway . Now Open For Travel A spectacular new stretch of high way has just been opened for smooth,! easy motoring up and down the Blue IMP AT YOUR A SERVICE WE HAVE A COMPLETE LINE OF OIL F I LTER CARTRIDGES TO FIT ALMOST EVERY TYPE OF CAR, TRUCK OR TRACTOR Save Costly Repair SiUs by Seeing US For NEW OIL FILTER CARTRIDGES TODAY! JOE & BILL'S SERVICE STATION RAY WHITE, Prop. PHONE 8601 j " "i-'ws t " vrrr 'ii vriVVYYyvvvvvtfvvyvvft KM OCT: : BBW '. . - ,.. .. ... x ,.. '";: -...;.-:' J, l-WAY 1.55 v Round trip $2.80 Norfblk 5 departures daily Manteo i.way$2.10 Lv. at 12:36 P. M.,ahd 4:11P.M. Rouiid ii-ip $3.$6 New iTork i:wir;$S5 5tHps,2wiiiioutchilfllifi; V , i .KWhd' trip $17.40 (plu3tax) -'t-.-.f i -t-- kERf FORD BUS Sif M I aiurch Street . . . .. ..
The Perquimans Weekly (Hertford, N.C.)
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July 16, 1954, edition 1
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