Newspapers / The Perquimans Weekly (Hertford, … / June 14, 1957, edition 1 / Page 2
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1 . anient Spending Exceeds & - - . , i '-V -. ! the ?104.4 billions of .men t And liUts umsumer As Vital Economic Force Icantv Change' Takes "Place Affecting Dominant Driving; Forces In Nation's r s Economic Progress , . ' ling1 Vle1 of the American i omy and the sources tf its ae and growth over the ' years vs' thil, a significant change taken place affecting the tra il roles played by the con and by private' capital in "ntri'th past 'as 'the dorm riing forces hvthe nation's omic. progress. M ..iSchange in the structure of r' economic activity has a direct ;.;g oij two of the major prob 5 that are plaguing the nation . c Jjtnd fcluril Going fChopplnt- 4 tri y caii to aw a.Wk Whatever you need . . . ' from food to floweri . i . turn to your telephone for the fattest shopping ; anywhere. ' The grocery store, . the drug star, or the florist shop you're Just a few steps awoy non ,eerywnr uy tetephone. fEB NORFOLK & CAROLINA TELEPHONE ft TELEGRAPH COMPANY B. City . fcdenton - Hal today the shortage of savings to finance the1 growth needs of an ex panding economy, and the persist ence of' inflationary ' pressures which "have manifested themselves in 'record high living costs over the past year. .'.- l-.-Rise of Big Government The key to what has taken place is provided by the U. S. Depart ment of Commerce in its data on the gross national product and Us composition. 'These figures show that Government (Federal, State and local combined) has not only supplanted capital : investment - as the Noi 2 market for goods and services, but has also made deep inroads into the contribution of the consumer and his spending and saving decisions to overall econom ic activity. Except for war or de pression, such relationships are not found in the past. ' .' 'Tne big shift has taken place from the consumer to the Govern ment side of the gross national pro duct ledger, reflecting the size of the tax burden borne by the public to support Government establish ments of the present size. Based on relationships that prevailed in the prosperous Twenties, . this change represents more than a tenth of the entire gross nation al product, anil is the equivalent of sum of around $45 billions at to day's levels of economic activity, t Obviously, even a fraction of a su op this size, channeled from the spiding to the saving stream, would make a basic contribution to easing the spending pressures in the economy ami to answering the question of where the money is coming from to finance the nation's expandingcapRal needs, now and the futurtf, f, Data ton the Shift ' , , i ft, Representative ' of the composi- hiv in the' gross national product1 b I gan to mows bji in the tteprewwn ! of the 'Thirties, primarily as an off- economic ac-l here is howi 1104.4 billions of gross na tional product tiroke down in 1929, 1 : i. - iV. TT o - 1s. WW W T VOtUICIl SA" "rfod, however, it never went above m 15 per eent of the total, and the bil-j consumer share remained afl high as it had been in the Twenties t tit .aha re rf (ivrnihatit or.. penditures for goods and services! Japan and the Ameri of Commerce Consumer expenditures 79 lions, or 76 per cent. ; ,' Capital investment- f 16.2 lions, or 14 per cent,. Government expenditures $8.5 billions, or 8 per cent.. . r. .' By contrast, this is how the na tion's economic activity shapes up today, based oh the composition of the $412.4 billions of gross na tional product in 1956: f Consumer expenditures l- added up to $265.7 billions for the year, over three times the 1929 figure, but representing only 65 per cent of the total product . o ' : Capital investment by business and individuals, principally new nonfarm homes and plant and equipment';' expenditures, .totaled $65.4 billions,' practically four times the 1929 total but representing less than 16 per cent of the gross na tional product. Combined expenditures for goods and services. by Federal,. State and local governments came to $79.8 billions for .the, year, over . nine times the comparable : 1929 total, and made up more than 19 per cent of the gross national product. ' Impact on the Consumer . " .These figures thus show that the consumer today is the source of lees than two-thirds of the na tion's economic activity whereas his contribution In .the Twenties was three-quarters of the total, Capital investment is barely man aging to hold-its own. - The Gov ernment share, by contrast, has gone up 1y 150 ner cent. ; Combined Government pnrcnases of goods and services in 1956 of just under $80 billions were the fourth highest on record, and were exceeded only in wartime in the past, in 1953 during Korea, and from 1943 through 1945 during the height of World War II spending. It should be. noted, too, that total Government - spending . was some $20 billions greater than this fig ure in 1956, due to transfer and interest- payments and other outlays besides goods and services.' ' The cost of World War II sent Government outlays up to nearly half the gross national producjt for ft time . ' '(,! There was a substantial' decline' after the end of hostilities in 1045: to a closer approximation of ty? proportions prevailing in the past,) but Government spending, or goods, and services moved f.W sharply in 1961. Since then it ha? consistently represented about a fifth or more of the gross national product," with the shares ' of the consumer and investment both af fected By this shift . ' w can representative on tat joint committee, who were thoroughly familiar with the facts,' were of the opinion that the death of the Japanese woman arose dut of , an act done by Ciirard in the per formance of his official dury.:The Japanese representative of thte joint committee was of the opin ion that While'Girard was on duty at the time of the unfortunate ac cident, the Japanese court' had SOMATOn, SAM mmn SAYS RUDDERIZED :-t .. ... r ': II a r'Ji FOR WALLS Aria W0C3W05 Rubber tovjjh . ,., not only, guaranteed wOthoat but orvbbablo. .' ' ECONOMICAL. ' Sav time , ovo fabofc v Finish walls, coilingv wood K . work with fhi wonderfvlly diffartni rubberized point. '. QOICK DIYIN4 Faint your roomr them the tame 4ayr twnr ry-Safitt We In 30 Ufa';'! tew rt,,rimV life Wif reety soot u$t don't od -ttere to LuxNy-$atfai' ki like surface. n KB fiSWHlU RUDDER C . ATHIY PAINT CO, VLJk ' . I i Washington Much interest has been . aroused throughout the country by the decision of the De fense Department to permit Wil liam S. Girard, a soldier from Il linois, ,to be tried in a Japanese court for the alleged negligent slaying of a Japanese woman.-. , $tatus Of Forces The.'i peace treaty oetween the United States and Japan became effective in April 1952. The Ex ecutive Branch of the United State Government bases all other argeementr with Japan in respect to our servicemen in Japan upon a clause of the treaty which stip ulates, In substance, that the dis tribution of the armed forces of the United States in and about Japan is to be set forth in an "ad ministrative agreement." ' The administrative agreement became effective on the same day as the treaty.- It provided; in es sence, that whenever the Status of Forces Treaty which' had been negotiated with the NATO coun tries became binding upon the: United States, the United States and Japan would enter into a sim ilar agreement in respect to jur isdiction over crimes committed by American servicemen-'in Jai pari. The Status of Forces Treaty with the , NATO countries, was ratified by the Senate in ; August 195JI Shortly thereafter,1 namely; dp September 29, 1953, a "protocol", was entered into between-; the United States and' Japan provid ing, among father tilings, that the military ' courts of the United States should have primary juris diction of "offenses arising out of any act oi omission done in tne performance of- official duty.'' The -protocol further stipulated .that -the1. United States ooitld waive ' its primary jurisdiction over such' offenses . and permit them to- be tried bw Japanese courts instead ' of 'American mili tary courts. ; On the- same day the United States and Japan entered into: an additional agreement en- tilled "agreed official minutes." The only agreement with Japan actually, ratified by the Senate was ithfe. orlginaX;r peace treaty. Since; the : Constitution contain plates that all substantial agree ments between the United States and other' nations should be era bodied in or authbrited by treat les ratified by the Senate, I have grave misgrvings'as to the validi ty of the administrative agree ment, the protocol and the agreed official minutes.- This is true be cause the stipulation in the peace treaty referring to the distribu tion of American military forces does not seem to authorize the provisions , Of the administrative agreement, the protocol and the agreed official jnlnutes. ?' " f, AMitttk. V Assuming however., that the agreement, -the protocol and the agreed official -minute are valid, II am convinced that -the Defense Department made a mistake in its Under the agreement, Jthe pro tocol and the 'agreeed, official minutes, a joint committee com-. J posed of I Arnerican and 1 Japa nese was autnorizea to aetermine which nation should have juris diction -to try ,an American ser viceman in cases of conflicting claims. These ' documents fur ther provided, that in' the event the joint committee should"1 dead lock toi "this- wuestieA,' the matter could be referred to the two-gov-, of any act or omission done in the ; home with her. . . .f.'.lI J.A ' A . -.. f it is, the Defense Department has surrendered its position without4 establishing any precedent for the future save that of surrenders) '"f. There ia one provteion of the agreed official minutes to which I cannot possibly give assent. -As I construe this provision, it speci fies in' substance." that' 'in the event' disputes over jurisdiction are riot settled y the joint e6m' nrimary jurisdiction.' because, tbe'mittee bry'hegotiatlon between act resulting in the death was not the two nations, a "Japanese court specifically authorized by Girard's :b to tnke final 'aefermuiatiori; of superiors. " ;: , '; : ; ; ' ; I the' qudtion under ArticVsIt of "The American commander re 'th Japanese cods' of criminal borted the disagreeenient of the procedure. , V consider this; pro joint committee to the Defense vlslon! indefensible Department in Washington. The it, hit, anq, Mrs.- ma tKon,aiiu children . of Chattanooga, Tenn,. arrived - Monday to spend some time with her! mother, Mrs. J:. C. Wilson aiid to attend the wedding of her sinter. Miss Louise IVilson, which will .take -place Saturday. : Crawford ; Wilson of Bermuda arrived home - Sunday. '; Mr. and Mrfli Peter A. Warren and family of the Canal Zone Will arrive; this week.' r'-'1"".. ' ;..- ..'.-." Captain' and Mrs, Calvin Wilson and' children of Massachusetts and Curtis ' Wilson of Daytbn, Ohio, are here to' attend the wedding of Miss Louise Wilson and Robert S Marsh.'.-:'' Mrs. Howard Perry and son of on ! Qak . Grove, Va., . soent ' several days last week with Mr.and Mrs." Joe White and Miss Gracie Fer rell. . --'V- ' . Miss Anne Harrell spent f last Thursday night with Miss Brenda Smith. 4 t . ' ' " "j i ' ' , Charles Elliott-joined the Na' tional Guard and is noW at Fort Bragg lor a 15-day encampmeiit. Ur. and Mrs. Cary Quinoy and Defense Department issued an or der which, in substance, directed the American representative the joint committee to permit Gi rard to be tried by a Japanese court rather than an American military court. V. S. Jurisdiction ' - In my judgment, the United States had primary jurisdiction of! the offense, and the Defense De-i partment 'ought to have insisted! that the trial should be conducted I uy mi .inw !..,, -vut. family of Norfolk, Va,' .visited) his If it coujd not obtain agreement : -parents, Mr. and Mrs; --C; R Quin on the part of the Japanese rep-Jcy Sunday afternoon. - "if i resentative oh the Joint Commit-i Mr.-and Mrs.. Joe. White arid tee. th Defense Department . children, Miss Gracfe-Ferrell and wiouiu nave ,e uie aeuiemem oi father, Joe Ferrell, spent ' the week-end with Mrs. C R; tlombs at Manns Harboroi ' T . ri! v I : Mr. and Mrs. Paul Vaughan1 arid Mr. and Mrs. John Symons had as their guests for dinner on Sun day, Mr. and Mrs. Cecil Garrett xf EHzabetK' City, , - Ringling Bros. ; ; Ciriis To Be In Raleigh June 17 Keal !rjjTiilds Coliseum at Noi .1 Carolina. Stqte College June 17-23. Six performances of the circus will be .given in the State C?'cge Coliseum, The opening show will be staged Monday,: June 1 at t:30 P. M. Other night peKorm ances will be presented Tuesday through Thursday, June 18-i3, it 80,PM:i ahd there will be mat inees Wednesday' and Thui '., June 19. and at 2:30 P. K Theweblorful show U1 feature the traditional melange of clowns, trained animal acts, trapeze, high wire, and. balancing, performers, s The- show this .season features four big spectacles, .The Corona tion of Mother Goose," "Cherry Blossom Time," "Saratoga Racing Ball of ,1913" and "Carnival in Venezuela." These offer, the showy side of the circus:' But the backbone of ahy circus is the nets, and on this score the 1957 version of Ringling Bros, and Barhun& Bailey is &s strong and as varied as ever. h ' ' . '" rib'y Ai; Pleasure I fi? ?( j Londorer I suppose it was' no The fabulous Singling Brothers trouble at all for you to. drop ' l and Barnum & -Batjey Circus will i into our ' tea-drinking ' habit."'". bring its colorful array of acts, .- Bostonian Oh, no trouble at ammais'and stars to the William all after tasting your conee. - ; the controversy to negotiation be tween the two governments. If it had done so, it is reason able to assume that the "United States end Japan could - have agreed upon an authoritative pre cedent establishing, the meaning of the words "offenses arising out children of Portsmouth, Va., &pent Sunday afternoon with Miss" Lena Symons end brought her mother Mrs. Irma Dorsey, who has been visiting there for several weeks, We Are Paying TOP PRICES WHEAT for ;X 1 CORN it. OATS Bring Us Yours Today I ,V -,-'.! J.f "id,,.- Will it be a RUSTY SUMMER for your storage, tank? ; ir, ft 7, 3TK J TT -'jjJHgs Bought ;.Daily; J F.-H6lloweU &; Son PHlONE 2841 ,W1NFALL, N". 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The Perquimans Weekly (Hertford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 14, 1957, edition 1
2
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