Source: Robert Morgan Papers (#237) East Carolina Manuscript Collection Staff Person: Dale Sauter Description: Letter from President Richard Nixon thanking Robert Morgan, North Carolina Attorney General, for his support of Nixon’s planned measures to end the Vietnam War.
Source: The Daily Reflector Image Collection East Carolina MC #741.28.f.45 Staff Person: Dale Sauter Description: Over seventy years ago, on December 2, 1942, the first self-sustaining nuclear chain reaction was initiated. For more details, see the source link http://en.wikipedia.org/wiki/Chicago_Pile-1 This week’s staff pick is a reminder of the public’s awareness and fear after the start [...]
Source: Jack Holland Spain Papers, Manuscript Collection #1122 Staff Member: Nanette Hardison Description: This image from 1973 is a portrait of Senator Sam J. Ervin with a written note of appreciation to Jack Spain for his service as the Senator’s administrative assistant. Senator Ervin served as a North Carolina senator from 1954 to 1974. During his [...]
Source: Benjamin B. Winborne Papers #691-005, East Carolina Manuscript Collection Staff Person: Dale Sauter Description: Today’s staff pick features an original handbill (circa 1868) promoting the election of William Woods Holden for Governor and Tod Robinson Caldwell for the first ever position of Lieutenant Governor in North Carolina. They were both elected to office. Holden [...]
United States Senate
WASHINGTON, D.C. 20510
January 13, 1988
Dr. and Mrs. Keats Sparrow
307 Queen Anne’s Road
Greenville, North Carolina 27858
Dear Dr. and Mrs. Sparrow:
Thank you for your letter regarding the proposal in the original House reconciliation bill that would have disallowed the future amortization of intangible assets, such as customer lists.
While it is important to study all options when searching for revenue sources to help balance our budget, we should not indiscriminately tax any or all of the sources of income we are able to discern. It is important to weigh the revenue potential of any suggested tax against its potential economic cost. Often this cost can far exceed the revenue potential of any given tax.
In the case of this provision, I was concerned that the arguments supporting the provision might be flawed. I therefore sided with the IRS [Internal Revenue Service] here; I think it is a mistake to disallow the depreciation of the intangible assets of a company when such assets are arguably depreciable.
I spoke to Senator [Lloyd] Bentsen and to the Senate Finance and Budget Committee staffs on this matter during the conference on reconciliation and fortunately the provision was removed from the final version of the reconciliation bill which passed on December 21, 1987.
Thank you again for writing me regarding this tax provision.
With best wishes always,
Sincerely,
[Signature]
TERRY SANFORD
United States Senator
TS/mjm
Source: Daily Reflector Negative Collection #741.33.b.4 Staff Person: Martha Elmore Description: In Greenville, N.C., before the era of quick electronic vote tabulations for election results, people used to wait outside the Daily Reflector office and watch as vote tallies were posted and updated on the tally board. This June 1964 photograph shows the vote tally being adjusted while citizens [...]
Source: The Fugitive Slave Act, East Carolina Manuscript Collection MB0001 (Miscellaneous Broadsides) Staff Person: Lynette Lundin Description: In the 1840′s the Underground Railroad was very busy due to the 1842 Supreme Court ruling of “Prigg” v. “Pennsylvania,” which held that states could pass laws prohibiting interference with runaway slaves. This era ended when Congress passed [...]
Source: Guide to the Daily Reflector Negative Collection, ca. 1920-1967, East Carolina Manuscript Collection, #741 Staff Person: Nanette Hardison Description: The image shown above (1951) is of two men in a cart drawn by a mule with the purpose of persuading voters to cast their ballots for Adlai Stevenson in the 1952 Presidential Election. The [...]
Source: Preliminary Inventory of the Carroll H. Leggett Collection, 1970-1990, East Carolina Manuscript Collection #856 Staff Person: Nanette Hardison Description: On January 20, 2009, Barack Obama became the 44th President of the United States, an event of great historical significance because he is the first African American to be elected to the office. Another historical [...]
Source: Joseph F. and Lala Carr Steelman Papers, East Carolina Manuscript Collection, #924 Staff Person: Dale Sauter Description: Today’s staff pick is a John F. Kennedy campaign poster (circa 1960) from the Joseph F. and Lala Carr Steelman Papers (#924). The Steelmans, who taught in ECU’s Department of History for many years, were active politically. [...]