TZZ CHOWAN HERALD. EDENTON, NCr.Tn CA.T ZLl'.-X, TTJDAY, DECr:S 3, D;;.
NO"
health In Decade
A spectacular increase, in the
pie's material possessions and
. ; the nation's over-all stock of pri
"v Jy-owned capital assets . has
f ne hand in hand over ' the last
w :ad with the great growth of
t a American -economy, now some
ur-fiftha bigger than it was at
I end of World War II in gross
tiortal product - ,
An analysis of figures compiled
I j the U. S, Department of Com
Hiere shows that a vast sum add
iig up to more than $700 billions i
la been spent by the people and
X y. business since the beginning of
l4& to' expand their ' tangible
wealth in the form of producers'
and consumers' durable goods.
; - The Breakdown
ftF&r the 1946-55 period as a
rhole, these figures break down in
t three broad components as fol
lows: '
. A total of more than $340 bil
lions in business investment, pre-,
dfminantly in new plant and equip-
Went, commercial construction, and
inventories. '.
I Qose to $260 billions in con
sumer durable goods, of which au
tomobiles, represent nearly one
third; and
More than $100 billions in resi
, dential nonfarm housing,
f This, accomplishment in such a
' comparatively short space of time
, is without parallel in the history
of this or any other nation. It is
indicative of the stimulating force
of credit and investment on Amer
iiaitt economic growth and pro
gress, and testifies to the effec
tiveness with' which the capital
market, aided by the people's thrift
institutions, has supplied the ris
ing need for lendable funds.
r . ' Savings Up Sharply. Too
While adding to their tangible
possessions at a record rate, the
American people also greatly
broadened the base of family se
curity and protection through sav
ings ' and life insurance. Total
. long-term savings of individuals,
for example, are now in the neigh
borhood of $230 billions, same $90
. billions more than they were a
decade ago. Life insurance protec
tion in' force is currently well over
$il50 billions, or more than double
the' total putstanding at , the end
Of 1045.
grtjtermbre, assets of private
pension funds, ' insured and non-in-
: sured combined, which now cover
about one out of every four work
ers excluding those in agriculture
and on the public payroll, are rap
idly approaching the. . $25-billior.
' mark. They added up to $21 bil-
lions at the end of last year, and I
are growing at the rate of about $3
billions a year. In addition, there
has been a spectacular growth in
Income protection in the form of 1
health insurance in recent years,
thus enabling an increasing part of
the population to meet the unex- j
pected costs of accident and sick-1
ness without undue strain on the 1
family budget. -
: Big Debt Expansion !
' At the Bame time people have !
gone heavily into debt to buy their ,
homes, cars and other tangible pos- j
sessions, and business borrowings
have increased greatly as well.
ttet debt in the private sector of
ihe economy corporate, individual
"uid noncorporate combined more
1ian doubled in the 1946-54 period
ENGRAVED
all types of social printing is at your
eommand. ' We will be glad to make sug
gestions, show you samples and quote
prices . . . all without the slightest ob
ligation on your part
Wedding Invitations
, and Announcements
In the wording, design and printing of
the formal Announcement or Invitation,
it is of the 'utmost importance that cor
rect form be observed. 1 Our familiarity
with the established customs applying to
THE PERQUIMANS
itendTangible
to exceed $340 billions at the end
of last year. ' Personal debt has
shown the greatest relative in
crease in the period. It is the
rapidity of the rise more than the
over-all size of the debt that has
aroused some concern, and explains
the recent credit restraints impos
ed by Governmental authorities to
help prevent the boom from getting
out of hand. . ;
The biggest single element in the
business investment figures comes
under the classification of produc
ers' durable equipment. This add
ed up to more than $200 billions
for the decade, in addition to which
$112 billions were invested in new
plants and other commercial and
industrial construction, and some
$28 billions more in inventory ex-1
pansion. .expenditures on new
equipment thus represent $3 out of
every $5 of all business investment
outlays in the last decade. - Auto
mation and research are playing an
increasing role in such outlays, and
the current expectation is that new
plant and equipment expenditures
will reach a record high in 1956.
Role of Capital Market
More than 10 million new non
farm dwelling units have been built
in the period since the end of
World War II. This has been ac
companied by a new peak in home
ownership, with an estimated 55
per cent of all homes in the coun
try now owner-occupied.
. These and other investment-type
expenditures by the people and by
business, combined with the needs
of Government, have brougth a rec
ord demand for funds on the capi-
J.-1 1--J. T: . 1.
uii niaiKeu figures compiled oy
tne lAie insurance Association or
America show that the capital mar
ket supplied a total of $200 'billions
j in new money to business and in
dustry, nomeowners, ana uovern
menfc (Federal, State and local
combined) in the 1946-54 period.
This figure accounts only for the
net increase in outstanding loans
and investments which passed
through the capital market in the
period, and does not include retain
ed earnings invested by business
firms and other direct expenditures
for 'construction, real estate, and in
ventory. The people's savings sup
plied nearly two-thirds of all the
net new capital funds made avail
able in the 1946-54 period, evidence
of the dynamic role of personal
thrift in economic progress.
Survey Shows Small
Group Enter College
(Continued from I'age One)
college; 13.2 county and 10.8
city unit students entered business,
trade and nurses training; .3 and
.2 county and city respectively
entered military service; 62.9
county and 48.2 city students
terminated their education.
A comparison of Negro boys
from county and city units shows
that 22.8 county and 32.4 city
students continued formal educa
tion; 20.3 county and 27.7 city
students entered college; 20
county and 26.4 city students en
tered senior college and .3 and
1.3 respectively entered junior
colelge; 2.5 county and 4.7 city
unit students entered business,
trade and nurses training; 19 and
21.9 respectively entered military
training, and 58.2 county and
45.7 -city students terminated for-
OR PRINTED ,
mal education.
A comparison , of , Negro girls
from county and city units shows
33.5 county and 45 city stu
dents continued formal education;
23.5 county and 30.4 city en
tered college; 22.8 county and
29.3 city students entered senior
college, while .7 and 1.1 re
spectively entered junior college;
10 county and 14.6 city stu
dents entered business, trade and
nursing training; .3 county and
.4 city students entered military
I service; 66.2 county and 54.6
city students terminated formal ed
ucation. M.
Other comparisons may be made,
but these are sufficient to indicate
the differences that exist in these
several groups and to make the
following conclusions: - r.
Forty out of each 100 high school
graduates continued their formal
education Formal education in this
instance means those going to col
lege, to business 'school, trade
school and those taking nurses
training.) -
Thirty-one of each 40 graduates
entered college.
Eight of each 40 entered busi
ness or trade schools or nurses
training. '
Seven of each 100 entered mili
tary service.
Fifty-three of 'each 100 terminat
ed their formal education.
Forty-one of each 100 white stu
dents continued their formal educa
tion as compared with 33 of each
100 Negro graduates, v.:
Thirty-four of each 100 students
from county units continued their
formal education as compared with
50 of each 100 students from city
units. .
Thirty-nine of each 100 white
boys and 42 of each 100 white girls
continued their formal education.
Twenty-six of each 100 Negro
boys and 37 of each 100 Negro
girls continued their formal educa-
i tion. . .
Thirty-two of each 100 white
i boys from county units as compar-
g(j
with 51' boys from city units
continued their formal education.
Thirty-seven of each 100, white
girls from county units as compar
ed with 52 girls from city units
continued their formal education.
Twenty-three of each 100 Negro
boys from county units as compar
ed with 32 Negro boys from city
units continued their formal educa
tion. ' , ,
Thirty-four of each 100 Negro
girls from county units as compare
ed with 45 Negro girls from city
units continued their formal' educa
tion. " ;
Recorder's Court
In Recess Tuesday
Perquimans Recorder's Cpurt,
observing' the" business Tiofiday'bn
Tuesday was in recess and all cases
listed on the court docket for this
week was set for hearing on Tues
day, January 3. ' , :
Rotary Entertains
Wives And Guests
. Members of the Hertford Rotary
Club entertained their wives and
a number of special guests at a
Ladies' Night party held Tuesday
at the Hotel Hertford. ;
A. W.'. Hefren, president of the
club, welcomed the guests after
which the program was conducted
by a committee composed of Jack
Kanoy, Henry C. Sullivan, John
Costen and Robert Hollowell.
Prizes awarded for events were
won by Mrs. W. J. Kanoy, Sr.,
Mrs. W. F. Ainsley and Mrs. R. S.
Monds, Jr.
Pleasure "and pain are the only
springs of price of pain. ',
: . . George Pettie.
WEEKLY
TT
A. '
J ! T"- "
j The New Yew bell ring out
The New Year
with our best
one for '56. We hope tluVyear
will be a wonderful one for you
,. rich in happiness, bright
with success 'A full to over
flowing with warm, lasting
friendship! and love.
THE EDITORS.
Veterans Urged To,
? ' s s .,v; vi !---" t
Veterans are advised by the Vet
erans Administration to keen their
GI insurance policy beneficiaries ijp
o date. ; i t!, . ' , t
i If ia beneficiary "has been, desig-.
nated by 'the insured, then the pro
ceeds oft the policy will be paid
jupori his death to the. designated
pers6n or persons, the agency said.
Since a veteran might get mar
ried or if married might have a
ew ' child' since he originally got
his GI insurance and made out his
first designation of beneficiary, it
lis important to check that list and
ibring it up to date, 7
The" designation 5f t beneficiary
may be added to 'or changed by the
insured person : at 'any time he
iwishes, without knowledge or con
sent of the person or persons al
ready named.
The person insured may alsoV
specity the way in which the pro
ceeds of the policy will be paid fol
lowing his death. "
Veterans may make any changes
desired through their nearest office
of the Veterans Administration or
by writing to the Veterans" Ad
ministration District Office, P.; O.
Bo'X-8079,. Philadelphlay Pa.i WfceaL
wiiLing, a vcierun snuuia inciuue
the number of his GI policy if
known and if not, give' his com',
plcte name and address and service
serial number.
Winfall ewa
Mr. and Mrs. Wesley Pike and
neepuieinsurance
Policies Uji To Date
Mr. and Mrs. Calloway of Moyock j Christmas with their mother, Mrs.
and Miss Myrtle Pike of Baltimore,! J. H. Baker. : '
Md., spent the holiday with Mr. Mr. and Mrs. D. R. Trueblood
and Mrs. B. F. Pike. land son and Mr. and Mrs.' J. L.
Mr. and Mrs. J. W. Byrum andjDulaney left for Lakeland, Fla.,
children, : Wesley and Karen of Monday to visit relaties.
A-l Uscid Cars & Trucks
1954 FORD 2-door Vr8
,i' BlacH; heater, .
: 1953; FORD V-8 2-door .
'" 1 Green; radio and heater.
1952 FORD V-8 2-door
Blue; radio and heater.
1950 FORD V-8 2-door
Green ; radio and heater '
1949 FORD n 2-door
Black; radio and heater.
1948 FORD Vrdopr ;
Green; rdio angf heater.
1947 FORD V-8 4-door
'. ! GreenJ radio and heater, i t
1953 CHEVROlilT BelAir 2-door
Power-Glide, heater, wtires,
tinted glassL . , i ,
1953 F350 Ton
vi:jslo;7.c!zt.d r:oTe co.
DEALER'S
PHONE 353 1 , -
bell ring out
wishes for every
Charlotte spent the Christmas holi
days, with. Mrs. W. G. Hollowell.!
Mrs.' W. G. Hollowell had as din
ner quests on Christmas eve, Mr.
arid Mrs'.' Egbert Ia Bailey and son
of ' Elizabeth, City, Mr. and Mrs.
W. J. R, Earnhardt, Sr., of Eden-
ton,' Mr. and Mrs. 'J. W. By rum and
children, Wesley and; Karen Marie
of Charlotte. '
Mi.
and Mrs. E, B. Hollowell
host ftoa lovely dinner , .on
i- ! '
I were
Christmas Day to Mr',' and Mrs.
Bailey Temple, Willie) and Earlene,
Mrv.snd; Mm Tommy Temple,. Jijne
and Johnnie Martin, Mrs: J. E. Hol
lowell, Mr. and Mrs. J. F. Hollo
well -and Sons, Joel, Jr., and Grav
er. ? t . f
' Mr. and Mrs. E. J. Roberson and
son, Paul Scott of Norfolk, Va.,
are spending the holidays with her
parents, Mr. and Mrs. J. W. Lane.
1 Mrr and Mrs: Reginald Jones find
children of Fairview, Pa., and Mr.
and Mrs. Bill G. Jones of Suffolk,
Va., spent Christmas with Mr. and
Mrs. Rex Jones. -
Mr. and Mrs. Elijah White were
dinner guests of Mr. and Mrs. S. M.
Long in Bethel on Christmas night.
'vW. W.'Da'ughtrey spent the holi-
day .week-end with i relatives in
Greensboro.
' Pvt 'and Mrs: W: L! Humphlett,
Jr., and daughter, Susan of Georgia
spent Christmas with Mr. and Mrs,
W. L. Humphlett, Sr. .'
E. M. Hooper l& spending some
time with' his daughters, in Nor-
,.ya;..
. The Rev. and Mrs. E. R. Meekins
had as their guests for Christmas
Mr. and Mrs.; Evans and children
of Manteo and Miss Mary Meekins
of Greensboro.
Howard C. Baker of Arlington,
Va., Horace Baker of Mt. Airy and
Polly Baker of Raleigh spent
1
Truck
N0.1741'
ovp;rtF0RD, N.
j ,:: I TT
VCTTOkMt WITH Gl LOANS CAN
MAKfe t'XTRA PAYMENTS
TO THEIR LENDERS AT ANV
TIME OB CAM PAY OFF THE
ENTIRE LOAN WITHOUT
. , PENALTY CHARGE
t..n i.rrmilnM rnntftct your nearest
VETERANS ADMIN ISTKATION ottico
' Belvidere News
Whiteville' Grove Sunday School
had its annual Christmas program
Tuesday evening in the form of
"Family Night." -?The
congregation of the Friends
Church v here enjoyed the Peace
messages of Miss Rachel Spivey
of Durants Neck and Miss Jean
Edwards of Hertford Sunday morn
ing during the .'worship hours.
Their parents, Mr. and Mrs. Carson
Spivey and Mr. and Mrs. A. H. Ed
wards accompanied them.
Home for the holiday season
were Tilson Chappell and Bobby
BIBElBlBiaBtBiamiPMM
,
. I ' -'T -- ""
WE ARE DOING
Business As Usual
.J. despite the fact that our store front was
badly damaged when struck by a car bti:
Christmas morning. !.rj,
' Our store will be open for businessf duri
ing the time contractors are repairing the
damage . . . we ask our customers ftp bear
with us the inconvenience while the re
pairs are under way.
Meanwhile, come to see us for your jew
elry needs!
W. M. Divers & S on,
JEWELERS:'!U'),
CHURCH STREET
AS
Enjoy
room
isters
m 1 " r m
, r
Discover the miracle of Siegler't exclusive
"Traveling Heat" and live more comfortably
this winter! ( 1 , 1 ' '
" A Siegler actually pays for itself with fuel it
saves! You get up to twice the heat! You save
uptoAqlf the fuel! '
r Come in . . . See Siegler . . . it's the biggest
bargain in, home heaters today!
.'--".:';j'' . " '".j-SX'-T-., : rW
ONLY
GIVES YOU ALL THIS!
rATiriTtD KSAT TUBES
hottest heat! .f
PATCMTE3 BUILT IN BLOWER $YS-
TZM forces heat down to the floor.
"travels" it Jo every
Harrbll Gas & Gonipanv
- , NEXT 0 PERQUIMAkS HIGH SCHOOL ' " ' "
rhone3881
Smith, students at State College;
Miss Marietta Jolliff, teacher in
the Elizabeth City Schools, and
Miss-Carolyn JHLuUeculty mem
ber of Newport News schools.
Mr. and Mrs. 'Jack .Porter and
their children of Greenville, S. C,
spent the Christmas holidays with
the Thurman Eiddick family and
other relatives here and in Pokono
and Norfoik, Va. J ,i
Mr. and Mrs. , L. Jay Winslow
left - Wednesday to spend' some
4
time in JNonoiK, va. .
-Sunday gtests of Mr. and Mrs.
Thurman Riddick. '"ol'i"gd "'t1? I
Jack: Porter .family of Greenville,v
S. C, Mr. and Mrs. F. M. Matter
and three children of Norfolky'lffr.
and Mrs. Tim Jessup of Hobbsville, '
Mr. and Mrs. Walter McCoy of 1
South Mills and Mrs. Blanch Per
ry of Washington,' D. C. ; : '
The Louis Winslow family mov
ed into their new home here last
week. ,'': -
Monday evening visitors with Mr.
and Mrs. Lv J. Winslow were Mrs.
Caleb ' Raper and Mrs. Thomas
ButtjS.
IN GERMANY
4th Division, Germany Pfc Z&ck
D. Robertson, Jr., 20, son of Mr.
and Mrs. Z.,D. Robertson of Hert
ford, is a member of the 4th In
fantry Division in Germany.; j
:. Private First Class Robertson, a
-HERTFORD, K. 'Ci'
llhtRpii'' ,,,r,,:
PATENTEOi
U AUTOMATIC
HrJ3G' HGAiTnQ
with, exclusive
mi
Warm Floors! Heat "travel" fo
without costly furnace pipes
to install I
l'-'i.,V,: '"
.V.
that use the'
,. , ,
o kzavt cast i-c:i cc::;t"jc:.
W.: fcljl B RW-4 t V-'-b..J. I M. mm it f '.";.".
A.O.A. , .-
room! ,
HEATS LIKE MAGIC -even with the
" 1 " . '
:1'-fr
Jeep driver in Company
division's 12th Kegiment, ... 1
the Army in June, 1954 anJ r ..j-
ed overseas last September.
A Matter Of Prie
v One night Joe came homp l'.h ?
lipstick on his collar. "Where did
! you get that?" demanded the little' :
woman, "from my maid? .
"No," Joe replied. V . r.
"From my governess?" she r
snapped.
"No," repeated Joe, adding in-
iri.vnnnriv "rWf von think I have
my own friends?.. , . , -. '
mMUJ wwwwui .rmiwi
USED CARS
I c.,, , J
1954 Chevrolet
' 2-DOOR -
? 1954 Plymouth
4-DOOR ,t. r ;
1953 Ford '
2-DOOR
1953 Ford '
.: j 4-DOOR
1953 Chrysler
. 4-DOOR
1952 Chevrolet v
2-DOOR -
; 1952 Plymouth
. 4-DOOR SEDAN . ,
1951 Chevrolet
. . - 2-DOOR ' '
, 1951 Ford ;
. .1 ' , 4-door
1950 Chevrolet '
' ' "2-DOOR, K -,t , '
; 2-DOOR i '
1950 Plymouth'-,-
, 4-DOOR - ,-
1949 Chevrolet"
r 4-DOOR -
SEE US FOR BETTER
BUYS IN USED CARSf
nnr?
11
every
or reg
gas off I
v Hertford, N.
C.
71 I. 1 ' ' t ...I
1 i-
VP'Vi :i?&iCiif-t frit r