Newspapers / The Perquimans Weekly (Hertford, … / Aug. 19, 1955, edition 1 / Page 3
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TH2. FEaQUIMANS WEEKLY, HERTFORD, KCTH CAROLINA;. PRWAt'AUGUST 19, 1955. PACE T.i ; C vd- $20 DiUiono During '54 he 14 million persona in the eld- W4J pvpuitlKlvii .V luv UlllU States, those 65 yean old and over, 'had a. money income of approxi mately . $20 billions in the aggre gate last year. ', , his ram does not include sev ' eraf billion dollars more' accrulntf home! owtjership "and other income - in kind,, lump-sum insurance fpay. menti, and other, receipts not de fined: as" money income m It recent ' Btitcty of the economic resources of , pel-sons '65. and over made by the f U.'; 8jpepartmentf Health, du '' catipii.and .Welfare; , The money in. . eomeal"oien:yas.thp!equilent.ot Mput' ents of ewyy dollar eto-, tI jamonal "'income, in the United dtAabb$yeaW 'TMb proportion V lurebnttdby ;the. 65 and bolder aATantiVare .considered. " - ".Importance of arntaga v Vroithirds' o the monejr income " v of jthe' elderly - population, estiriiat led.a't so)ni.fl3 billions, came' from ejLnriinjgs ftortt emglyment combin ed with the - return'' received from l6nSf-t6rW'wVvihgs? and "personal prde5tion . programs. The latter , included interest,- dividends, rents, . payments; ;pnder individual annui $ie , jnd supplementary insurance Contracts, -and benefits under pri yatjengipn and, retirement pro-, , grams. these, types of income are, -: ereforti''tte' result of, tBeindi yidyal'fl voluntary decision and ac. ' iionj.tiast and present. Earnings , f ronrernployment alone added up to an estimated' ?9 billions for .J954, f nd represented by far the biggest single-source of income for the el- flerly part.of the population, as it ' Aas jnt along. a The 'balance of the money in come of the 65 and over group last year, amounting in all to nearly $6 billions, came from a combina tion of Government-sponsored or supported programs. Of this sum, close to (5 billions canie from So-' Old Age and Survivors' benefits, Social Security and related pro grams,! Railroad RetosmenV puWie employees' retirement programs and veterans' pension or compensation prbgrains!: . Public assistance 'made up1 thf restl. 1 ' '.- Home Ownership Big Help A m$jor source 'pf supplementary income ,top j persohB 65i and over' is income in kind'.! This. 'ame' 'to 'more than (2 billions in all in 1954, l it Ms estimated, and is represented Jy honje ownership, rent-free living quarters- provided to many elderly persons by relatives and other, and the Value of food raised for horns consumption, by the several million persons 65 and older who live out side urban areas. By far the big gest element here is; home owner ship.. Over Jialf of all persons in the 65 jln,d over nge bracket Jive in their own homes, the great maJorL ty.of which are mortga'ge'-f ree. ".'' Other types of Income excluded from the money income definition of the U. S. Bureau of the Census include funds received from the sale of property, withdrawals of bank deposits, tax refunds, gifts, and lump-sum inheritance and insur ance payments.-for example' Jofal lump sum death ijenefita 'Jajd by legal reserve life insurance com panies last year exceeded $1 bil lions. There is no age breakdown of recipients of these benefits, but there is every indication that a sub stantial part of this sum went to older people. Jobs and Production From '.the overall point of view, - the most' striking-element fa the income of ' heN population! 65 and over is the continued importance of earnings, r The ""significance of this is social and psychological as well as economic. .Over 'recent years, around '8 million elderly per sons have been consistently classed as earners every year. 'With their dependents, they represented well over a quarter of all persons 65 and over in 1954; It is estimated that close to 1 million of those em ployed last year could have quali fied, for Social Security retirement benefits, indicating ' 'the ' desire' of elderly people to keep working as long-us, they, are, able and can find .Continued employment of .older people is also important ; from its contribution, to total production of goods and. services.' t Far-sighted observers are.' showing -a growind concern over ;the ; growth trend 'of the .claims on-tibe production of the economy. The young and the .eld erly -the two dependent groups in the populationhave been showing a greater rate of growth than the productive agei groups, for . years. Furthermore, . the jou,mber. of pen sioners has been increasing rapidly and will continue to-grow, and there has also been a . strong trend toward liberalizing retirement benefits under both public and pri vate programs. it.'',,t wti..',:;; ,' L,t wt tv; 1 i , p r ' , ( , .Jf V 8V4 jA Hrf , ; ' flj w -' 1 -1 ' v Ms i The humility of .hypocrites is, of Better is a neighbor that is near than a brother far off. , Proverb xi, 12, RIDERS IN THE SKY No "ghosts" these; but fighting men of the U.S. Army's 8Jnd Airborne Division pbotffirphed Burlng a practice jump at Fort Bragg, N.C. Airborne seldikrs must make five jumps from 1,000 feet to Qualify as ba4i wearing paratfoopers. Traffic Signs Give ,. Tim:ly Messages To f'otoring Public "Traffic Signs are Signs of Life. Know Them ana Ossy Them." Major W. B. Lentz-of the State Highway Patrol gave that advice to Tar Heel motorists this week in support flf one phase of the traf fic safety program, the Signs of Life., The progran is designed to pro mote better knowledge of traffic signs and signals and to encourage strict obedience to them, "Traffic sign locations are deter mined by careful engineering stu dies," Major Lentz said. "When ever you see one there's a sound reason for its presence, and it's to your advantage to- obey it." Major Lentz emphasized that traffic signs, signals and pave ment markings for both motorists and pedestrians should be given the same obedience accorded a traffic officer. He.advisetl motorists to learn the Signs of Life by shape so that they may be recognized on sight. Due to recent revisions' in the Nabual on Uniform Traffic Control Devic es, he said, vacationing motorists may see signs of unfamiliar shape and color. The manual now recom mends that the octagonal stop sign be red instead of yellow. It also recommends the use of a j Yield Right of Way Sign, triangular iri shape, and yellow in color., This brings the number of basic sign shapes to six. Major Lentz list ed them as follows: ' 1 1. Eight-Sided, yellow or red. This sign means STOP-r-one mes sage,, one requirementr-never any thing else. , . . 2. Diamond, yellow. This sign indicates danger ahead, carries such messages as Slow for School, Narrow Bridge, Men Working, or the directional, symbols describing curves, intersections, side roads, -ect. ,It means sIqw down, stay alert. .- 3. Kectangular, white. Tells of speed limits, marks no passing zones, gives other, regulatory infor mation such as parking rules. Obey its message. 1 4. Triangular, yellow. This sign is the Yield Right of Way. It tells the motorist to defer to the driver on the - intersecting street. How ever, he need not come to a full stop except when : necessary to avoid traffic on the intersecting street. . 5. Round, yellow sign warns of a highway-railroad intersection 300 to 500 feet ahead. This sign calls for 'reduced speed and extra cau tion, so the driver can make sure no train is coming before he drives across the tracks. 6. Railroad Crossbuck marks the intersection of highway and rail-1 way. Cross only when the way is clear. promoter I . - CpU. , .obnti Freemen ManefieldV who is! serving with the , armed forces in Pariafiift.l $as' recently been promoted to Sergeant Mans field is the son of Mr. and Mrs. t, N. Mansfield of Route 1. Worthwhile Reading . , ... for your whole fqmUy in the world-famous pogej of The Christian Science Monitor. Enjoy Erwm ' O.f Canham's newest stories, penetrating national and in ternational news coverage, how-to-do features, home; making ideas. Every issue brings you helpful easy-to-read articles. - . You can get this interna tional daily newspaper from Boston by mail, without extra charge. Use the cou pon below to start your subscription. The Christian Science Monitor ' , One, Norway Street Boston 1 5, Moss., U. S. A. Please send the Monitor to mt ' for period checked. - , 1 year $16 6 months $8 Q 3 months $4 Q . fname) (addreu) TRY A WEEKLY CLASSIFIED icityl (zone I Utotel . i fME WW FBWNTIER MAS A NEW HUNG! "WWWWMMIWilM. . .r . -.ir, nJ1AArwu- nn Annn'. LI W vlil u y ; , , With a 2Vcw Custom Paint Dept. - . -. 1 f - : ' lVt OFFER YCO j: ,.riv,.',S t -A 25 241 DIFFERENT mm COLORS , - V . - E . j bEflgTirUL fi::ic:ies , i..-, '-i . -v,v--- FLAT W'$Ub:- y cvmiDE PAINT , 1 Ut , 4 ? 11 1 UI-HMUAl Ill 1, mi Jn.L.y.ll ,, UMIWJMJW II III - .jdM. ! -w'w r. -.-I .-tiH ' " M jr. ": .: - V7 .Vl 1m 1 - . . - .,w ' '"V'y- sw;',. , s; v -v" T V "77 i4Z r.ii: THE DIZTRLNCL" -' tireat Features back up Chevrolet Performance: Anti-Dive Brakig-Pall-Raee Storing Outrigger Rear Springs Body by Fisher 12-Volt ; " " Electrical System Nine Enline-Drive Choices in all models and, finally, the great scientific, technical and engineering resources of General Motors, t . The new Chevrolet has proved itself all K-I-N-G in today's toughest driving competition! . Starting at Daytona Beach last winter, the new Chevrolet swept aside all competition in its class in acceleration tests. It lambasted every car in its field and all but one of the high-priced cars down there on .the fast, furious frontier of NASCAR "-sponsored trials.' ' .. And since then what's happened: The latest figures on hand show that 80 far Chevrolet has piled up a total of 196 points in NASCAR Short track Standings-which puts Chevrolet in FIRST PLACE with a commanding lead of 99 points over its nearest rival! And thai rival is 9 medium-priced carl . What makes Chevrolet such a winner on the tracks? Faster accelera tion, for, one; Superior handling qualities, too sure,-steady cornering; Combine your new Chevrolet purchase with yeur vacation plans! Ordtr a new Chevrolet through u, then pick il up at the plant In Flint, Michigan, lee Chev rolet built, it you like, and drive yours home. Chancel are. you'll lave a tubitantial (hare Of your vacation travel coittl if quick, accurate steering; and smooth, positive braking. And these very same things, clearly mean more safety and pleasure for you on the moiety frontiers of our nation our highways! . Whenvwould you like to try out this new King? .Why not make it real soon! 1 , ' , , Nafono Association tor Stock Cor AufoJtocng Orlvi with eiri ... EVERYWHERE! America's hottest performer because - . - -i i- - ' - it's got America's most modern V81 3. q I!to !i Gli 'e v t o 1 et Comp any " PHONE 2151 ' HERTFORD, N. C.
The Perquimans Weekly (Hertford, N.C.)
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Aug. 19, 1955, edition 1
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