PAGE POUR

THE DAILY REFLECTOR, GREENVILLE, N.

Monday, May 25, 1959

Monday, May 25, 1959

Above The Storm

Home-Grown Industries Deserve Aid

Pitt County,- making significant tridea in its efforts to attract more industries, more year-round jobs and larger annual payrolls for its people, should not overlook the potential of the home-grown variety of industry which means so much to- every community.

Like other counties, Pitt has its home-grown industries. Some are large, some are small. Some have been in our midst for decades and &re more or leas taken for granted. Some have been in existence only a few years, and year by year new ones are being

started. , . . i

For the moat part these home-grown industries

create only a few new jobs each when they begin.

Some have tremendous growth potential which is never

healized because of limited financial backing, inade-

(iuate support or any of many other reasons. Others

have limited potential, but prove to be sound, steady,

even though amall in the number of new jobs

they provide in the area.

Collectively, however, these home-grown industries provide a large number of jobs throughout Pitt County, and th^ likewise play an important role in the overall economy of the county.

The more such industries an area has, the more diversified they are, and the more they are encouraged, the broader ihe base of the area's economic .situ-ation. They serve not only to strengthen, but also to elevate the economic level of the area.

Most Pitt County communities now have their own organizations working in cooperation with the county-wide Development Commission. These individual groups are or should be aware of the home-grown industries which already exist in their respective communities. ThW groups also are aware of opportunities for development of new small industries locally

Delighted Over .arger Outlays

By LYNN NISBKT

HAPPY Rep. John Uinstead of Orange ia among the happlcat people around the Legislature, Aa chairman of the Hoapltala Board of Control and as a trustee of the Unlveralty he ha been r.specially concerned about appropriations for theae agencies. While the bills have not been enacted into law. action of committees gives positive assurance that the mental hospitals will get Just about all they asked for and the Unlverstty will get better than 95 per cent of Its requests. Umstead also advocated higher salarle for teachers than appear likely, but he philosophically comment. "You cant expect everything.

RKTIREMENT Sen. Grady Shelton of Edgecombe Is one of a growing number of people greatly concerned about the nonchalant extension of Judicial re-tlrement benefit to other than Judges. Unlike most State officers and employees the Judges of the SuperlfJ Court and Justices of the Supreme Court make no contributions to the rellrenient fund, yet they can retire on formula including age, tenure and physical ability at two-thirds of the annaul salary they were drawing at time of retirement. They are subject to recall (or emergency duty, for which extra cobipensated Is allowed.

The 19f)7 session extended Judicial retirement benefits to the Attorney General and provided that prior service as solicitor, attorney general or Judge wuiild count in the tenure quallflCHtlon. Bills are penllng In the current session to bring solicitors, meni-beis of the Utilities Commission and the Industrial Commlsslon under provlsiorts of Judicial retirement two-thlrda of salary

* at retirement wlthojit contribution Irom the l>enerielarles.

FRANKENSTEIN The fear Is expressed In some (luarters that unbridled extension of "Judicial privileges U) officers whose Judicial connection Is Inculenlal may create a Frankenstein monster.

Retirement benefits In Ihe Teachers and Stale Employees Retirement System are based on actural statistics and Joint participation of the employing Stale and ihe indlvhlual btmeflclary. The benefits are only what the premiums paid Justify, This .sys-

* tern has been liherRllr.ed by nearly every Leglslalure since 1941 whon it was established, by Increasing beneflls, reducing eligibility requirements and otherwise, For example, some eUl-eiiy teachers who were past the age of fid when the act w'as pa.s.s-ed have been given retirement pay. This and a few other In

stances might be classed as "pensions". For most part the regular retirement system is a sound Insurance program.

In addition to pending bills for including solicitors, industrial and utUitles coinmlsaloners In the non - participating retirement pay there is one to make some features of the Judicial retirement act retroactive to January I, Idrgi. Sponsors of this bill cite the need of certain actual or hypothetic needy cases of widows of Judges.

All of these llbcraliztng measures have substantial support in the General Assembly. Objectors are reluctant to speak out lest they be accused of hurting some potential recipient Some of these objectors privately complain they are being pressured on personal grounds to approve what they sincerely Ik*-lleve to be unsound legislation. And they wonder where it will end. The bill to Include members of the Industrial Commlsalon makes it applicable to cominlssloners who have previously retired, as well as to present members, under some conditions.

POTPOURRI Rep. Cliarles Hostetler of Hoke found himself on the losing side of nearly every note in the Hotwe the other (lay. "I know now how a Republican In Hoke must fed, he said . . .

Legislators from every section naturally think their part of the staU* Is the best and they are disposed to brag about It Far eastern coastal menilK*rs have given several parlies whlclt featured seafoods, anl the mountain men had to agree that oysters, shrimp and salt water fish made good eating. Then the western tMys gave a party at wlUch mountain trout was the featured dish. The eastern and mkl-state guests had to concede that was fine eating, too.

It is estimated tliat there are more than 3t>.tkH) farm ponds In North Carolina, representing an Investment of $H5 julllton. besides affording water supply for bilgatlou and other farm pro-jects, these ponds yield almost half 8 million pounds of fish. Wildlife experts say that with proper management the yield In food fish could l*e seven or eight times that much.

Legislators and other elective officers are looking with envy at the vole getting record of William P. Saunder.s as a lru.H-lee of the University. .The CAD rilreetor got every one of the fil votes cast In the Joint nominating commlUee and he Insists that he didnt ask anybody to vole for him nr ulherwise wage a campaign for rlccllon.

which could help boost the economy of the community and thereby help boost the economy of the county as a whole.

Offering assistance to existing home-grown industries, and seeking to develop new ones should be one of the primary purposees of any community economic development group. And in Pitt County there is a tremendous potential for further development of our home-grown industries.

It is a matter which should be given attention by both our county-wide development commission and also by the individual groups in each of the communities of the cpunty,

Dulles Gave All He Had To Assigned Task

John Foster Dulles, whose death the nation morns today, will be remembered by those of this generation as the Secretary of State who was almo.st constantly the center of controversy, who stayed on the go, and the Secretary whose aggressiveness was the foremost characteristic of his career.

Dulles, ranked by many as the greateest Secretary of State in modern times, likewise was the object of some of the most severe criticism ever leveled at a man who was in charge of the nation's foreign affairs.

More than mo.st m^ who held the important po.st before him, Dulles was more completely in charge of the foreign policies of the United States than any other Secretary of State. It was due, of .course, to the tact that he enjoyed the complete confidence of the President. Time and again during his career he led the United States to the brink of war and away with his determined, tough policy toward the Soviet Union.

Dow great his contribution to world peace in a troubled time, how effective his policies in dealing with difficult world affairs, the historians will decide In years to come. But during his active career as Secretary of State, he was respected by admirers and critics alike for his aggressivene.ss and for his untiring and complete devotion to the task of administering the foreign policies of the United States.

He gave all he had to the task assigned him, disregarding his own welfare and exhibiting a capacity for work of which few men are capable. John Foster Du11(h whs h man who will be sorely missed by the people of this nation, and particularly by their President.

1

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By RALPH ROBEY

Frorn the point of view of final safety there are no ecurlLe better than those- of the United States Oovermnent. There Is no question but that at maturity they will t>e paid In full. And currently the rate of return, four per cent or a little better. Is good for a top grade investment. Neverthless, the market for U.S. securities Is having a hard time. Government Bonds Lose Appeal

For example, government bonds have been making new lows almost every week recently and several Issues are In the low eighties. In the lal4!st Treasury financing, an offer for exchange of maturing securities, some 31 per cent of the holders selected to take cash rather than new eertlflcales yielding 4 05 per cent Ihls was the sec-oj^Kt highest rate of attrition In recent years. In May 1955 there was .32 per cent attrition, and last January there was a rell-nanclng In which the attrition was 2 per cent. At that time the TreR.HUry had to return to the unirket almost Immediately to replenish Its ca.sh holdings, 'rhi* time ihe Treasury has announced that such leplenLshment will not be nece.ssary.

Whiii are the rea.sons for .such difficulties?

First Is the widespread expectation of Inflation. This, perhaps. Is iH'.st shown ly the behavior of Ihe stock nuukel. While Uie bond market has been making new lows, the stock market ha.s leen making new hlgha. This Is normal prtKtedure In the face of Inflation The reason Is that common stocks are supposed to give at least some protection agaliwt inflation; bond.s do not. In other words, stocks are pre.sumed to rise wllli the price level and bonds do not,

S(cond, the volume of necessary Treasury borrowing Is enormous This year the Federal Oov-eminent l.s running a deficit of some $1.1 billion and there still l.s fear of another deficit next year Throwing any such total of secm die.s Into the market Is certain to make Interest rales ad-\anre. When Interest rates advance it Is Inevitable that out-slandlng l.s.<uies deline In price. This Is not a reflection on the soundle.vs of the .security.; It la a purely mathematical result. The extent of the decline will depend upon the maluiily of the Issue the longer the maturity

By SAUL PETT

Gossip, Spice Of Life

the greater the decline and that has been taking place In the market for many months.

Third, the demand for credit from other sources has been increasing. Consumera are buying more on time, business la borrowing more to help It finance improved sales and higher Inventories, and states and localities are offering more securities to carry out their spending programs. In the aggregate these demands total more than current savinga, and that puts pre.s-sure on Interest rates. The Federal Reserve System could ease this situation by pumping more reserves Into the commercial banking system, but that would enhance the possibility of Inflation, and theres no reason to assume the Reserve System will move In this direction.

Finally, under the law there' is a limit as to how high an Interest rate the Federal Government can pay Specifically, on any .security of five year.s or longer maturity It can not offer more than 44 per cent. Of course this law coul be changed, but that would not be of any great help. The total government debt at present Is alx)ut $285 billion.

A substantial proportion of this is medium and long term. If the Treasury were to offer a higher interest rale all of these Issues would decline In price decline enough to bring their yield to that of the new Issue,

This mcRiis that It would not solve the problems of the government bond niarket to tncrea.se the rate of interest. What, then, IS the method for eliminating this headache?

We Must End Fear of litflation

It Is fairly clear cut. We must balance the budget and thereby make U possible for the Treasury to stop borrowing so much. We miust have basic tsx rale reform in order to encourage and make possible, a larger volume of .saving. We must pul an end to the expectation of Inflation. To do this It is nece.ssary for the Federal Reserve System to continue to hold a tight rein on credit expansion, and wage In-crea.ses which lift the ckUs of production must not be granted.

Thts is an entirely feasible program. it will take courage and stalesmansbtp but it can Iw* carried out if there Is the will on the part of the public, the t'ongre.^s. business management, and labor leaders.

NEW YORK AP) I don't know how gossip got its bad name, but Im coming out in favor of It, foursquare.

Most people, If they were frank, if theyd drop hypocrttlcal pretense, would agree with me, Ill bet. After all. gossip is simply the receipt of. the mulling over and the transmission of information. Where would we be without It? Does the nature of the information taint the listener? Does the Invention of the atom bomb make the scientist a murderer?

Anyway, isn't it a question of semantics?

If four old buddies sitting on the front porch sip lemonade and chew up the neighborhood, why call that gossip? Why not call It news analysis? Arent they, like Walter Llppmann or Ed Mur-row, trying to understand the world around them, trjdng to satisfy a basic curiosity?

Isnt gossip in its broadest sense the basic drive behind every good reporter, research scientist or counter spy? Personally,

I find that nothing brightens or uplifts or adds a dash of color to a dull day than a choice bit of gossip.

If Charlie Jones, who lives

three doors down the street, belts his wife, I want to know about it. I find such information timu-latlon. If, It develops, the boss secretary is showing for a trousseau and baby clothes at the same time, I do not feel degraded hearing about it or even asking for more information.

Gossip, after all, provides the excitement In the drab Uves of the rest of us who cant afford to or lack the temerity to do the things people get gossiped about. If you know a man who shouts down his mother-in-law after two beers, dont protect me from the news. It may be inspirational.

Have you ever seen greater esprit de corps or a greater sense of vltaUty in the office that exists in the group of gossips buzzing around the water cooler? Gossip is a vintage champagne. It mkes life worth Uvlng and a dull Job worth working. It management were really enlightened, theyd plant more gossip for employes to dissect. It could reduce absenteeism.

When you get right down to it, gossip is the basic appeal of Shakespeare and the soap operas. True, the poetry and human insight of Hamlet helps but arent you also titillated by the Jui-

Other Editors Saying.., Money And Education

(Rocky Mount Telegram)

Closely related with the pressing problem of finances In our school systems is the question of how our children are actually being educated. For the memberu of the National Congress of Parents and Teachers the basic problem Is: "How do we educate the youth of today to be the responsible adult of tomorrow? The PT members are more concerned with delinquency than dollars, more Interest in children than In bond issues.

True, these objectives could never be reached unless the un-plea.sant subject of money was injected, for we must have school plants and facilities and faculties and other necessary element* all of which cost money. But along with tts financial end, one must consider how these facilities are going to be used, once they are obtained.

Delgalo. to the recent convention of the National Congress of Parents and Teachers in Denver were asked to name the most pressing educational problem, Some of the answers srs interesting:

Educate our young people to the best of their ability. More discipline is needed and fewer thrills. Allegiance to lifes true values should be taught. We must do more to make our children want to stay ki school. Special programs for exceptional children. both the mentaUy retarded and the gifted.

Ironically, the matter of money cropped up. The delegates to the convention said many of the present problems in American education would disappear if teachers pay was raised. Thus we see one instant in which the use of more money could conceivably eliminate .ome. of Pp educational ills of today. There Is no getting around it: our'curreut problems are tied up with finances. and the key to the solution appears to be in getting the most mileage out of what appropriations we now are getting.

We could have unlimited funds for oitr school programs, but if these are not used wisely, we should Just IS well not have a program. Wise handling of our children, thoughtful educational pTocedures. these, too, are important.

cy family scandal?

Soap operas give you a new scandal or crisis every day but the trouble with soap operas is they give you too many facts. They leave nothing to challenge the imagination. And nothing kills gossip like all the facts. Real, active, dynamic gossip needs a Uttle elbow-room, a tiny area of ignorance and mystery to grow on.

But to achieve respectability, gossip needs a set of ground rules. If you hear a nasty bit of gossip about an enemy or competitor and you pass it on to your wife and three beat friends, thats acceptable. But fiu*ther circulation Is malicious. You, as the circulator, are suspect, of course.

Coloring the gossip you hear by say, 40 per cent. Is just ordinary, garden variety, healthy American, idle gossip. More than 40 per cent, its malicious.

I dont say there should be government controls but complete-Ur free enterprise operating in gossip can be inefficient and chaotic. If four people hear the same choice bit at the same time and all four are sworn to secrecy, none should be allowed to spread the word in less than, say, an hour. A common release date binding on all contractual parties give everybody an equal chance to enrich the news and avoids a stampede to the nearest phone booth.

Gossp. I say, but lets be fair about it: lets do it in the American way.

Opinions In Brief

"ThLs year the cost of operating the Department of Agriculture for all purpose is e.stimated to be approximately 16,500 million. Yet the estimated net income of all American farmers for this year Is a little more than 113 billion. Tho.se facts ought to attract the attention of every Member of the Senate," Sen. Homer Gapchart, (Ind.)

"Springtime note to parents: a boy IS growing up when he stops memorizing ballplayers batting averages and starts memorizing movie actresses' mea-surement.. Greenville (S. C.) Piedmont.

"To amateur gardener.: If it grow* like a weed, it probably Is Greenville tS. C.) Piedmont.

.ooKing

At Sec. Herter

By ROGER BABSON BABSON PARK. Mass. John Foster Dulles 1* % man of the highest character and a great student of law; In fact, he has been Senior Partner of Uic finest law firm in New York City, SulUvan As Cromwell, of which I have long bad the honor at being a client. ,

CThflstian A. Herter ia also a man of the highest possible character and a great student of hlsUxT. He had been a most efficient Governor of Massachusetts. in which state 1 am proud to be a voter.

WHAT HISTORY TEACHES We know that an able Jurist like Mr. Dulles expects nations and Individuals to carry out their agreements, and for this policy he has given his life. Mr. Herter expects history and events to repeat their actions, and upon this he bases his recommendations. Although he has always gone alcmg with the "team of which he was a member, he fear* le&sly states his belief. Mr. Dulles has referred to Russian agreements as "the crust of a ide to be broken: while Mr. Herter has learned from history that progress has sometimes come even from broken agreements.

History shows that from the earliest days of Babylon, Phoenicia, Persia, Egypt. Greence. and England, the "underdog has eventually won. As a result, the world has been better and legitimate investors have been safer. I recently returned from Africa where the natives are emerging from years of suppression, and where Democracy is fighting Colonialism. The same situation exists today in China, India, the East Indies, and perhaps the people of Russia are likewise awakening. I do not know Russia, although I have been to Europe many times. I do not believe in Communism, but probably Khrushchev and other Russian leaders do not believe in Communism either- They, however, have probably learned that such talk gives them followers and power.

History teaches that conflict has always existed between the the "Haves, but possessions Progress has been initiated by the "Haves. but possessions have usually undermined the generations following. Suppression has resulted in revolt, from which the Haves have temporarily suffered but in the end have been better off. This certainly was true of our poor farmers who fought the Britijtii in our Revolutionary War. It was an underlying factor in our Civil War. Mr. Herter could show that a similar relationship applied in World War I and World War II. WHAT SHOULD WE DO NOW?

I have great respect for President Eisenhower and believe that we and the entire world are very fortunate to have him for our President. He, however, has been trained as an army officer to give orders and expect them to be carried out. I wonder hciw much study he has given to history? I believe in the present military policies of our government and the billions which are being spent on missiles and antimissile missiles, atomic submarines, and other weapons. In fact,

I have just returned from a visit to Cape Canaveral, where I was greatly impressed by the organization of loyal officers, scientists, and workers under the leadership of one of our greatest living generals. General Donald N. Yates. On the other hand, I wondered whether a World War III would be between the people of the United States and the people of Russia or only between our political leaders and those of Russia. Do we represent the "Haves and the Russians the "Have nots? I dont believe the people of either country want Communtem; tiicy believe in their hearts that it would not work or last.

I repeat that Secretary Herter will play with the "Team,* but I believe his advice will be more liberally based upon history than has been Mr. Dulles* advice. I feel that Mr. Herter will ask the Team if It might not be better for us to five some of our foreign aid to the Russian people if they need food before this-cold war is over. Mr. Herter, with hi* first name "(Christian, cannot forget the struggling masses of all nations while We have millions of tons of food wasting in storage.

1 do not know the answer! My purpose today is merely to Conttmied On* Page

More Look-Aheads For Business

Strength For Today

Bv EARl. I.. DOUGLA.S.S BEYOND 01 K KNOWI.EDUE

Life! We were considering it ) ('..lerday i eni(*mlK*r ?

What 1. life? one knows .tt\e that U is a vast *811(1 vilal force whjcli pel vade,s the planet on which we live, and, a. we look oqt at other dbdance., we have the conviction that life is thcie abo.

One thing we do know about life that it comes from OikI There may lie a few atheists In Ihe world, hut they are few indeed. Most iieoplc have .some belief fn a (rentlve' Pywer, Sciudble people all a.*4j>ume that there b some source for this thing cnlhnl Life. A Powt'i create. it and a Power conl*'i.s U

The Bible ,sp('ak. freqin'iitly about bt'ihg liorn of God Rallona-lusts mai uy to llu u.l this state

ment a.Ule, but It b hard to move it out of the thinking of fsciuslble people. God b the great gtv(*r of Itfe. In the beginning It WIU a world He created. Its crea.Htures. Ihe heaveiui. and last and greate.sl of all. Man. Now. the creation aceomplbhed. God keeps on pouring life Into Hi. unlver.se Not only are people born physically, they are born spiritually They ai-e aLo born mentally with their thinking suddenly taking on vitality and carrying them on to real achievement

It is a marvelous thing to get the feel of what b going on around about us. The Creator Gixt b still at work conferring life Our universe b a living uulversr Our own dull Uves are coiistantly being assailed by pow er which, if we .so p*'rmlt. wilT caiuse us to Uve abundantly.

By ELMER ROE.SSNF.R More biuslness look - ahead*, ba.d on tips and analy.nb;

Hope for aleel peace. The public b showing a rare interest in labor-management negotiations and rare annoyance at both sides. Thb b botisting chances of a settlement because neither aide wanb to rbk a stand that will provoke public support for restrictive legislation Higher nickel deinaiHl. Advance order. indicate total sales may be second onlyflpt^ recoid-making 1957 ^

More demand for import curb*. As highwage American tndiust-rie.s are priced out of more foreign markeUs, they will intensify demaiul that compelittve foreign imtHjrts be resU'icted The protests will Involve Con-tinr-NS as well as the Tailff Com-mKsion

IIOl SiNt; PRONPECTS IMPROVE

More hoiiHina support. Strong CongreAsioual action to .ppport home buildmg legi&laou u Uka- >

ly New Dealish Democrats will use President Ebenhowcrs own caU for Congressional speed-up to vote for a housing bill with more giveaways than hell like.

Road-building slowdown. Because of higher prices, the government road-bulWlng program b lagging.'Congress will be under pressure from contractors and land speculators to increase available funds fi)r road.

Aiiiminum boom. The possibility of higher steel prices see "Hojre for Steel Peace above L opening new markets for aluminum. Each rbe in steel pnces gives another edge to aluminum Meali* vMceination. Medical sources say a breakthrough in devising a satisfactory preventive for measles L near.

('ostlier narpei. Recent strength in wool prices makes U highly likely that wool cartietlng pnces will rbe soon. Industry leaders are talking about U

not with each other, of ca^u'se

Ip; Orange concentrate. Pri

ces of fresh oranges have been rising in Florida and this will soon be reflected in the prices freezers charge

Ben-Hurs been here. Anotiier licen.ing spree, similar to the Davy Crockett madness, b about the engulf us. The new movie based on the Lew Wallace classic b getting high-pressure exploitation, and you will see Ben-Hur garments, Ben-Hur kosher sandwiches, Ben-Hur neckties and, perhaps. lltUe boys flailing each other with Ben-Hur swords.

Cheaper almonds. For the first time in three years, therell be a good American crop of almonds More maiTipan; more .altcd almonds on bars.

Better remridini tape. S('veral manufacturers are spending large sums to improve recording tapes; some moving onc-third as slow and others with additional chan* neb are in laboratories, soon to emerge

ANTITREST PROBE

A craclMtawa m saiaiBg caua-

panies. Some have been flirting with international carteb, and the Attorney General ha* been quietly looking into possible violations of antitrust laws.

CosUler tomatoes. Canned tomato product* have been at bargain prices recently, as housewives know. Canner* who have been suffering losses are talking abmit cutbacks tiib season, which would "rectify prices. That means you'll pay more. AM.AING AMERICAN MORALS ON VIDEO A message from the Old Promoter;

"If you didnt aee 'The Untouchable on TV, .watch for It as a rerun, which it surely will be. TV reruns everything, even the boo^boos.

"Thb story of A1 Capone shows businessmen they can get away with mayhem, murder and mopery but (hey cant get away with tax evasion Internal Revenue couldn't have a better commercial 1111 bought a oetwork.**