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-PAGE TWO THE KINGS MOUNTAIN HERALD, KINGS MOUNTAIN. N. C. 1973 Established 1889 . I The Kings Mountain Herald 206 South Piedmont A*«. Kings Mountcda, N. C. 28088 ^ wp<^kly newspaper devoted to the protnotlon of the general welfare and published »or ths enliglp.cnment, entertainmat and benefit of the citizens of 'Kings Mountain uid Its vicinity, published every Thursday by the Herald Publishing House. Sntered as second class matter at the post office at Klnjrs Mountain, N. C.. 28086 under Act of Congress of March 3, 1873. EDITORIAL DEPARTMENT Mar*'n Harmon Editor-Publisher Mis mizaheth i^tewart Circulation Manager and Scx;lety Editor Tony Tompkins Sports Editor vlisb inotnourg Clerk, iJooldceeper Socky Martin KECBANICAL DEPARTMENT Alien Myere Roger Brown Paul Jackson M.UI. SUBSCHIPllON RATES PAYABLE IN ADVANCE In North Carolina and South Corolina One year $4; six monttis $2.25;. three months $1.50; school year $3. (Subscription In Ni>rth Carolina subject to three percent sales tax.; In AU 'btRer States One year $5; six months $3; three months $1.75; school year $3.75. PLUS NORTH CAROLINA SALES TA.X TELEPHONE NUMBER — 739-5441 Woe to him ithut buitdeth a toxon xvith blood, and establishcth a city xcith iniquity. Ikibakkuk 2, Our Heart Goes Out... Oui' heart goes out to the oil indus try, now choking with embarrassment over third-quarter profits. At the very moment the Arabs have us in an oil squeeze and the nation is being asked to turn down the thermostats to save fuel, the oil big.s are forced to admit a tidal wave of earnings. The Wall Street Journal in a re cent edition commented at length on those oil company profits. Said The Journal: Exxon Corp., the biggest of all, turned a .SeSS million profit in the third quarter on revenues of .^7.32 billion, a spectacular earnings surge of SO'.i over the same period of 1972. Mobil’s profits are up to $231 million. Gulf Oil jumped 91‘c to .$210 million. Shell is less shamefaced with an earnings jump of only 23'J'r. The only relief in sight for this em barrassment of riches is the possibility that the Middle East oil .squeeze will force the industry to cut back on its capacity, especially in Eastern Hemi- spnere operations where the greatest .surge in profits has come this year.. And profit margins are bound to be adverse ly affected by the steep increases in tax and royalty payments dictated by the producing countries. But as long as they can get the crude, the major oil com panies can hardly escape tidy profits for quite a while. What seems quite remarkable to us is the defensive posture that majors have struck in trying to apologize for or explain away as anomalous the pro fits they are now reaping. Of course, some of the increases reflect a rebound from the diminished profits of 1972. Yes, accounting practices on treatment of inventories when coupled wifh the inflation of 1973 have produced some temporary profit illusions. And it’s true that much of the steep earnings curve can be attributed to foreign, not dome.s- tic earnings, which have climbed more nearly in parallel with volume. Put all these apologies aside, though, and it remains that the oil in dustry is doing very well indeed, and for a nation beset with energy short ages that is very good news. How else can the United States pull itself out of the energy hole if not through an Indus try that finds itself able to generate the capital that task will require? Early this year, Chase Manhattan Bank esti mated that the world oil industry would require capital investment of $565 bil lion between 1970 and 1985, and another $35 billion of geological, geophysical and leasing expenses. The industry cer tainly could not hope to attract that kind of capital if it were stumbling a- loncr on the average profits of, say, the railroads. The reason profits have soared is that the industry has been operating flat out in the production, refining and marketing of oil products. There is no excess capacity in the system and effi- cieneijs ai-e at a peak. The rearon there is no excess capacity is that it was not l)uiK when it should have been, because the government was both limiting the importation of oil and holding dow’.n earnings with price controls. W'ith corporate coffers now finally filling with cash, the industry is getting in a position where it can affo*’H to add to refinery capacity, to develop syn thetic fuels, to explore for and develop nevz sources of petroleum. In fact, spe cialists at Chase Manhattan estimate that the industry’s income growth, which now' averages 8.1^ a year over the past decade, has to go to an annual increase of 16%, if the industry is to meet the stupendous capital require ments it faces. There’s no need for cor porate spokesmen to apologize for the third Quarter. As long as they don’t .squander their eai-nings, the nation will be well served if tlj4y do even bdtf&r in the quarters ahead. Vote Yes For Clean Water One of the questions facing North CaCrolina voters in the November 6 election is approval or disapproval of a technical amendment to the State’.s Clean Water Bond Act of 1971. Adoption of the amendment would release about $30 million for helping local governments build or improve wastewaler treatment facilities. The $30 million is part of a $50 million allocation sel up by the bond act to meet Federal reciuirements for State matching funds for local projects which w'cre approved for Federal assist ance. About $20 million of this alloca tion has been committed for this pur- po.se. Late last year, however, Congress eliminated the matching requirement. This action had the effect of freezing the $30 million balance in the account, since the monay can be spent only for matching grants. The 1973 General Assembly author ized a referendum on a proposed amend ment to the bond act which would al low the State to use the $30 million for grants for local projects rather than re stricting their use for matching Federal grants. The money itself is not at issue in the election, nor are any other of the clean water bond funds involved. “The need for State assistance to our local governments is just as clear now as it was last year when the voter.; overwhelmingly approved the Clean Water Bonds,’’ said Jarp.es E. Harring ton, Secretary of the State Department of Natural & Economic Resources. “I hope the voters will go “FOR ” is sue No. 2—the bond law amendment — on November 6 and nyike it po.ssible for the $30 million of State aid to be put to work. A favorable vote on the amendment is essential to the continued progress of our clean water program in North Caro lina. RALEIGH TIMES State Has Surplus oi Needs Senator Ralph Scott’s opposition to a tax cut by the 1974 General Assembly is both well-founded and welcome. In his opposition, he joins Governor Hols- houser, Lt. Gov. James B. Hunt, Jr., House Appropriations Chairman Carl J. Stewart, Jr., and Frank R. Justice, legis lative budget analyst. Senator Scott, a legislative veteran, is chairman of the Senate Appropria tions Committee and is chairman of the Advisory Budget Commission. Some legislators have been talking about tax cuts, apparently seriously. And, there may be a credit balance as high as $150 million for consideration by the 1974 legislature — but a credit bal ance isn’t a true surplus. Any credit balance should be used to meet very definite needs for state services. There must be substantial pay raises, for example, to help battle infla tion. There are the needs of the mentally ill, of the school children, of higher edu cation, to mention only a few. In a recent speech, Senator Scott gave his reas ons: “I am against a fax cut in 1974. North Carolinians don’t like taxes any better than other citizens do, but they are reasonable folks and they know the .services they demand and deserve cost money. “Maybe I haven’t^ been ialking to the right folks, but I fiaven’t heard any great hue and cry for a tax cut. What I have been hearing are demands for new and improved services. Has North Caixilina advanced so far so fast in any category in ^ny national ranking of states you can think of, that she can meet new demands for services and cope with inflation by means of a tax reduction? “We may have a surplus of money, but we also have an even larger surplus of unmet needs which involve human beings and their lives and di'eams. Un der these circumstances I think a tax cut tVOuK! bo a delusion. Whatever we do, let’s not fool ourselves.’’ Broyhill Will Override Nixon Veto Viewpoints of Other Editors of a MotlelT or Model -A who' thought ''men from Mars” were' invading our universe. And thiS| was before Orson Welle.s became there. i famous! Proba'-ly the star that guided I But the bad part about our the magi to Bethieliem W’as the’Japanese lanterns were that Since man first looked heaven- j,reate»t original unidentified fly-ilho/ became heavy with the W'ard, he has been awed by the ing object. j damp atmosphere and sometimes “He’s "Dorolhy 15. It.ib HE HELPED LAUNCH UFO's Thursday. November OUR COLUMNIST SAYS QUOTES OLD AND NEW I feel that the greatest reward' for doing is the opportunity to do more. Dr. Jonas Salk. plans to Congiessman Jim Broyhill (10th DLstrict, N. C.) today announced! that he will vote to override; I’resldent Nixon’s v(‘to of tliej Lettei To fditoi "war powers” bill. This legislation, which was; passed by Congre.;s earlier this WILL KINGS MOUNTAIN SLEEP A SECOND TIME Will they? No I don’t think so. month,” would .-equlre that any They can’t afford_ to -they have at. road in hostile or war like cir- busy theyie a progie-s- cumstanccs be approv’ed by Con- ‘’."J - I don t intejid toereate a jgress within 60 days of the, I liress wiinin uays oi xnei , U rV s.VJ troop, commitment. The House of. Representatives is e.vpected to someone said VV*> don t need the I vote on the presidential veto°'“ M<«s administration a n y message sometime next week. i things sounded di^r- j ent October 10 when certain irre- Representative Broyhill, the sponsible people .;egan making I'rustration causes glimmer of the stars, halos ^ »..ong bi’fore recorded history,' fell into dry fields and wood- wi ^ ai'ound the moon, and anything' mankind gazed into the sky and lands with their candles still 'u a dithei, llial loolcs like it doesn't belong \--ondero<i about the bright flashes flickering. Usually we, or others bins. of color he saw, and long aflei who had sighted our UFOs, had the people of Ahoskie have de ! followed them to where they ^ “wonvan driver” is one who part^ this scene, people will gaze fell, but sometimes they get' ng,. a man and gets hlam- at bright oiojeets in the darkened , away so fast we lo.st touch. j, Patricia Le<lger. skies in wondeiTnent. Many of the UFOs in recent weeks have ultimately betm iden tified as scientific experiments being conducted by responsible professors at In-stitution of high er learning, as weather ob-serva- tion paraphei-naiia hoisted by '-alloons, as stars and planets in our galaxy, and as pranks per-. pertrated by college bu..s and' other persons. i Almost 40 years ago I joined iN owspapeis canned stoiies a' out the resulting fires and ask ed that such hazards not he .sent Don't let life discourage you; into the air. But it was fun while evei vone who got where he is' it lasted!—.By Pete Hulth in the had'to begin where he was.— Smlthfield Herald. Richard L, Evans. 12 Lenoir Republican, said “My de-lnews coverage that embarra.sswl Uyith other boys in my neighbor- cislon to cast a vote to override jits good citizens. hood in Columbia, .S. C. in send- I the Pre.'-idenl’s veto of the "war! Eyes began to open; minds be-1 ing things aloft. We were not j powers” bill next week is in nojgan to clear, someone said, “It j p.ranking—just experimenting in 1 way a criticism of his handling I could have been tlie sandman nur own meager scientific way. I of the Mid-E;ast crisis. Bui this that dumped sand in my eyes," -j---.!—C .u.. I crisis has servesl in my mind to but even so there were others I highlight the need for an effec-i Who wondered—who cast an evil I live Congres.sional respon.se to'thought their way, even the Big situations involving U. .S. troop i Man is confused. One day f saw commitments.” j him sitting in the .Senior Citizens . (Park, chatting. Yes! I really did Bro.hill continued, “The his- see him; he said he couldn’t wait tory of the pa.st decade illustrates; until he could see the mall sur- that present Congressional me- j-ound the park. I couldn’t be- chanisms in respect to U. S. mili- Ueve him! One passersby was j tary involvement abroad are overheard .saying, he thought he clearly inadeciuate. .Short of de- ^^-ouId go on down to the hai-d- I daring war, there is little Con- ware store and get some rccrea- I gress can do to deal with sil’aa- ticn equipment. “You see” he I Hons like Vietnam or the Mid- said to his friends, “'When the I.art. A clear-cut Ccngrc-sslonal John Henry Moss lake is offlcial- proceciuie, such as that outlined 2y opened. I want to be ready." in this legislation, can prevent vv'hat recreation can a lake of- U. S. involycm^ent in future n^ for Its citizens-many, but me, I’ll' blow up the 'balloon. When re-i win conflicts by an early stat^ settle for the fishing and hunt-1 leased, the balloons, some of mont of the intentions aud will ing. gay, where were you -Mr. | them sllverish, would soar until of Congress and the Amei lean citizens Who knews, this is a'they swelled and 'tur.st or dis- I'coplc. day of progress! You don’t need appeared out of sight. ! the sand story aa an alibi, why ! r-rtv Bian Mii/'iinTUTTR- '■ <>u’rc too smart for children’s' But the night antics were the! ap DHPar I i 'Stones, So you are going to re- : ones wliich, unfortunately, got 'consider good! You're doing ail into the newspapers. ; Defenders of President Nixon’s this for your city -wonderful! Some of my playmates were; • dismissal of special Watergate .Vl'ell, there’s my children, grand- Japanese, and they had bright-,^ I prosecutor ArchibaiJ Cox hare children, and then there’s my ly colored tissue paper lanterns | j likened this bold action to Presi- neighbors. I tell you. Tvo got; from Ja[x\n. We'd .Simply seal off • dent Truman’s dismissal ot Gen- some good neighliors. You .see— the top of a lighl-weigiit Ian eral MacArthur from his Korean I’ve been thinking, recently; I terr. with more tissui* paper, dan Our daytime UFO of that era ; was most simple, but based on science and chemistry. We'd take soft-textured rubber balloons, fill them with gas, and send them “to the moon.” And we made our own gas. A nine-yearold at the time, I can’t remember the gas we created, but it pro,ably was hy drogen. We would put some Red Devil lye in a jug, toss in a small piece of alumium, pour in j a bit ot water, and place the bal-1 loon over the mouth of the jug. In short order the water would melt the lye, the ike would eat, the aluminum, and the resulting ^ chemical reaction would give off a light gas with enough force to war command in 1951. Nixon don't rhink it's fair to try to pro- gle a birthday candle in the hot-! apologists take heart y recall- vent progress. No! My conacleiice tom of the la.nteiTi, maybe give ing that Truman weathered a won't let mo. Honestly, I’m ser- it a boost of hot air from a rtorm of criticism and ultimate- ious a town needs to progress, piece of burning wood, and the ly won the electorate to his side Last week, while visiting frienJ.s, candle would give the lantern In the MacArthur controversy. I realized how nice the low rent enough fuel to carry it aloft. ! But the parallel is false. housing was-and when I heard When the lanterns soared low: the remarks y some -Senior Clt- over the roof tops-- ' e they gi-een General MacArthur was firerl izer.s, and saw the smiles on or red, or yellow, rr orange ^ because he in.-iisteii on taking U. their faces, 1 knew f could not do they’d ratch the eye of a driver I S. foreign poiicy into his military h. ,\fo! I'm joining the progress hands, going beyond what he v\-agon. Let’s see -I think I'Jl in- ———————— was assigned to do when he ig- vite the poltre chief- he’s done n.ored President Truman's limited jupb a remarkable job training wai' policy. our police force. Yes, that’s Proserutor Cox was fired be- !;lf j causa he insisted on doing Ihor Kings Mountain District Schools Statement of Audit Year Ended 6-30-73 BALANCE RECEIPTS EXPENDITURES 6-30-73 CURRENT EXPENSE: ailance-June 30, 1972 $164,826.99 Total Receipt.^ 815,714.71 Expend! ture.s: » General Control S 30.997.U> Instructional Service.-; 474,575.72 Operation cf Plant 34,311.6;') Maintenance cf Plant l(;i),7K9.tW) Fixed Charges (;T,447..39 ‘ 1 Au.xiliary Services ■ | 19,6.37.;5() 785,7.59.38 $192,782.32 CAPITAL OUTLAY: : "«7 I Balance- June 20, 1972 $ 3.58,657.39 • Total Receipts 2,676,227.79 333,603.63 2,701,281 ..55 GRAND TOTAL $4,015,426.88 $1,121,363.01 $2,894,063.87 Audit Made by: A. M. PULLEN & COMPANY 700 Cameron Brown Building -• -pinp Charlotte, North Carolina 28204 I oughly what he vr as e.-nployed ' to do. ed. I’m sure he will want to ride tills progress Iriln. Yes, it’.s a city I’m proud of. You know. I’m glad I talked with you today— MacArthur w.antei to carry the iM'caase No'/ember 6 is declared, war to China- in defiance of the "No sand;nan day ii. giKid old Truman policy to pre.serve .South Kings Mountain.” Korea’s independence and to' Thanks You, avert wholesale war in the Far' A CONCERNED CrTtZE’N. Eart. MacArthur threatened to LGLTSE FRI ...MA.\. overturn the democratic tra'Jillon' — of keeping fk S. military author- SPEAKING IN GENER.VIJT.'ES ity su’oordinate to dvliian author- ity. ! Having read .Senator Je.ssi' [ Helms’ rectmt News I.etIPr in Cox was in a Wholly different; regard to his warning ot tlie al- pc.sition. President Nixon Nad a.:- te-mpt to sociall/.e medicine in the pointed him to investigate any U. S. criinina! activl'i.' related to Wat-' Caption: ".S(iclallz«'d Medicine ergate. He w .m pi .-;H'iiy given a Is Threat To U. -S.’’ The following fiec hand. It wav uiidersUKxi that remarks, as f|Uoie; The prnhlems not even the Preside! t would be ot socialized moiicine are com- above and outside the law. But parable to fisleial control of Cox was tiled when he clemande:! schools, Heims said. Quality that Pi'c idem Nixon comply midiclne will fee destroyed as with coiu't orders to make taprel were the schools. If these poli- infol-m.ation pertinent to Water- Ucal efforts are successful, it gate avalli.' .le to criminal investl- "■'HI 3 sad day for the Amerl- gators. I fsb people. “The cry of Washing ton Ie to put more federal con- Mac.\!’thur defied law and or- trols on the med-professlon.” Will der in the realm of U. S. Inter- vve never leain?” he continued, nmion.al policy. President Truman Nothing that comes out of, championed law and order by Washington is “free” and feder- j firing him. But Co.x was fired for al controls do nothing but disrupt being a Wiampion of law and or- and destrcjy the quality Instltu- der on the domestic scene. Pre.d- tions very dear to all Ameri-1 dent Nixon was the deHant one. cans. Look at what has happen-1 The difference is (|uile clear— ed to our schools since congress except to Americans who wear and the federal bureaucrats and blinders in fear of seeing their the federal judges moved in toi heroes as they really are—The take over. I r.mith field Herald. Pvt. C. A. Alexander Finishes Training I And far from being “free” when I jthe federal government starts I dishing out money, you and othei-! I hard working taxpayers always I pick up the tab. Hhid ciuote. | I Which should be a reminder to I the citizens of our fair city. As i FORT J.A.CI<'CN. S. C.-Army our downtown area looks as I Private Cleveland R. Alexander, though some one were having IS, son of Mr. and Mrs. Clarence their eeth pulled. Every other R. Alexander, 905 W. Alabama building a back alley so too Ave., Besse.mer City. N. C., com- speak, '’retween one another., pleted eight weeks of ■ a.sic train- Which reminds me of a conver-; ing at Fort Jackson. sation between some students; He received instruction in drill from our local schools. As quote: ; and ceremonies, weapons, map What are the school students reading, com'-at t.actics, military supposed to do- courtesy, militaiy justice, first. They are taught from their aid and army 'listcry and tradi- j mother's knees to go to ehurcli I and to believe in God. Yet they ‘ are being taught that they have 1 come from the Ape family. It I could well be said that perhaps ! some of our learned sahool and tions. Pvt. L. M. Mullen Finishes Training political leaders did spring from Let’s Get Job Done 'ff LETS GET THE JOB DONE ON NOVEMBER 6 BY VOTING FOR Corbet Nicholson A member and Deacon ol Temple Baptist Church I such. As there seems to ' e a lo FORT JAtTKSON, S. C.-Army | of "monkey business” going on Private Lenotard M. McMullen Jr., LS. son of Mrs. Kizie McMul len, Route 4, Kings Mountain, N. t*., completed eight weeks of basic training at Fort Jackson. Rereceived Instruction in drill, and ceremonies, map reading, combat tactics, military courtesy And perhaps from the Jack-as famIV. As some are actirg a su h. Really though it i-s Hear breaking to hear students re.-nar’ "What are we to believe in School bonds? Instead of payin" parent.' should begin praying fc their off-springs. If not, 1st just military justice, first aid, and might happen, suddenly from o'; army history and traditions. of the blue, Mary and Jill wd" His wife, Mary Ann, lives on come swing out on a limb. Eve' Route 4, Kings Moiinfatn. i a (Shlld is human. Right - 1 EVERETTE H. PEiARSON. A Local Businessman I am not sponsored by any person or group of persons. I will work with the other elected commis sioners. Vote November 6 For GOBBET NICHOLSON (Paid Political Ad.) little happ siona \ skins the I tieJph \ tions 1 hac one t bring lor a let’s predb take slalec A about the iW claw pack play I good A would U Comp U shoult V\ eyes c O just h lerbat ACC says ] right but h see, C K They unbea have c of Ma 'D time. BASK ■! U SOy I couple I M peembt make cn (21 rebou: Lucas hand! are (I or rec After found year. D player so 12- who 1 Bob F Coach with I whom anccs. last s( outsid T lained teams PeeWi 34 to T for It A in Joh Ir of fani in act the Ir LMounl
The Kings Mountain Herald (Kings Mountain, N.C.)
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Nov. 1, 1973, edition 1
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