J

PAGE FOUR

THE DAILY REFLECTOR, GRE

E. N. C

Friday, March 4, 1940

Friday, March 4, 1960

Starting To Doubt Its Really Gold?

What The Company Was Seeking

Many communities seeking to further their own economic developments fail to realize that the way they stack up on a prospects data sheet may depend just as much on what the community is doing for its own citizens as it does on what the community has to offer a prospect in the way of s* es, utilities, transportation and other facilities normally associated with industry.

We recently had an opportunity to talk with a representative of an industrial firm whose job it was to sur\*ey communities for possible plant locations for his company. He was interested in transportation, utilities, sites and many other things of course. But he was just as much interested in the community itself and what it was offering its own people.

When the company considered a community for a possible plant location, it was interested in knowing how many of its youngsters were enrolled in the public schools; how many went to high school, how many continued their education after finishing high school. The company was interested in how well the public schools were supported by the community, how much had been spent on public school improvements in recent years, whether there warp any double-shifts in the public schools.

The company was interested in knowing how many Boy Scout and Girl Scout units there were in a community and how many young people were served by these organizations, it sought to determine how many young people were served by these organizations. It sought to determine how many other service organizations there were in the community, how active they were, how well they were supported financially through public contributions. It was interested in civic clubs, churches, and other community institu^i4|l and organizations.

renovated in recent years, whether their outward appearances had improved. It wus also interested in the appearances of residential sections from the most expensive to the poorest.

In short, the company was interested in the whole scope of community life and what the community already had and was doing for its people. It was as much interested in these factors as in what other benefits the community might offer a new plant.

In the quest for economic and industrial development, it is important that communities of Eastern North. Carolina keep in mind the fact that most prospects judge a community by what it does for itself ... not by what special concessions it might offer in order to attract a new plant or industry.

An industry looking for a new plant site is similar in many ways to a family looking for a new town in which to settle. If the community is serving as it should the people already living there, the newcomers may be assured they will share in future benefits that will accrue to a progressive community. They are more interested in the community as it exists at present that in ^ glib promises that may be offered for the future. ^

Greenville, as it seeks to continue its economic development, should constantly evaluate its progress in other phases of community life which go to make up a good town or a good city in which to live.

Presidential Tours

Alone Arent Enough

%

President Eisenhowers four-nation tour of South America which ended yesterday pointed up favorable

The company was interested in the appearance of relations toward the United States in sharp contrast

m m 4* V\ Ak W<k4' A M ^ ^ J. VT*_____ 1_ _

the business district, whether or not stores had been

^i^epublicans See ^Reason To Hone

inerved By Squawk Box

By LYNN NISBET CHALLENGE Republicans this year offer a more serious challenge to the complete dominance of North Carolina by the Democratic party than they have presented since 1928. That waa the only time since 1876 that the North Carolina electoral vote went for a presidential candidate other than the Democratic nominee. The occasion is still referred to among politicians as the Al Smith debacle. Not only did the electoral vote that year go for a^ Republican President, but two congressional districts elected members

State Is taking an Increasingly subordinate position, and Federal authorities are moving in to run affairs. Almost 90 per cent of all State tax collected money goes for education, highways and welfare. And it becomes more evident every day that Federal bureaus are calling the tunes for these services.

CONTROL Multiplied mU-lions of dollars collected from North Carolina citizens by North Carolina tax collectors under authority of State law have been channeled into road building as ordered by Federal engineers. An act of the General Assem-

of the Congress and there were "bly providing for some control

more Republicans in the General Assembly than any time nce the turn of the century.

The people of the state and the nation repented and in the next presidential election Democrats took over control of the White House and the Congress. They have retained control of the Congress every session since except one, the 81st Congress elected in 1948, and occupied the White House for 20 yearslosing it in 1952 to the . magic of the Eisenhower name. North Carolina resisted that

* pressure so far as the White House was concerned, but yielded one Congressman to the RepublicansCharles Raper Jonas In the 40th district. He has been re-elected every time since, but strenuous efforts on part of the Republicans have not resulted in electing another member of the Congress.

The significant fact is that the Democratic majority for President in 1940 was nearly

400.000, in 1944 it' was about

260.000. in 1948 about 190.000, in 1952 about 94,000 and in 1956

Just a little more than 15,000.

' This consistent trend toward decreasing majorities for the

* Democratic President give Republicans, reason to hope they will carry the state In 1960.

IN STATEWhile Democratic majorities for President were consistently declining, the Democrats were tightening their control over State government. The 1959 General Assembly had only five Republicans among Its 170 members one Senator among 50 and four Representatives among 120.

Democrats are happy about this: Republicans are restive and resentful. The happiness and the resentment are considerably modified by reco^ition of the fact that in oveall government administration the

over State money spent for dependent children and other welfare purposes was negated by a decree of a Federal bureau.

The State Board of Education was happy last year in the belief that several million dollars under the National Defense

with the reception given vice President Nixon on his tour to South America in recent years.

For the most part President Eisenhower received a warm welcome in the South American cities he visit- "Rv PATPTriA MOnPTT* ed. There were just enough small anU-American dem- ^ muuiiJl.

onstrations, however, to point up the fact that the United States still has a good bit of fence-mending to do with its neighbors to the south.

That the Presidents historic tour helped to further improve relations between the United StatesXand South . wnnn annnr rmr inrAT American nations is^evident. It must be realized by the fire horn. . .it can hardly top State Department officials, however, thBi frequent be said by anyone that the fire presidential tours are not sufficient to iSintain the ^ Greenville is beautifully strong friendship between this county and others of

^ *he wei- Qihei EdtOFs Soylng

The anti-American demonstrations, particularly _ _ ^

the one in Uruguay, suggest there is more than an AmiTnH

undercurrent of misgiving toward the United States on kJ^OOiwiio

the part of some people of South America. The fact (Washington Daily News)

that most of the unfriendly demonstrations were by When the American people students and other younger people is further evidenc read that the United States sen-of the need for closer attention to South American na- dk

tions by the United States in planning implementing its the Southern fibuster. then ad-foreign policies. wocltes of a sMong civU rights

'Gict wm find npch

melodious, which we pres-sume is not its purpose in the first place.

Its purpose presumably is to

President Eisenhowers tour showed U. S. good will. It will be up to the State Department to see that ers look at th so^c^^d

through its policies and programs and good will be- filibuster as a means of pretween the United States and the nations of Central a strong civU rights

and South America continues to improve. iZ' .Ttl

We can t rely on one presidential visit every can be broken by use of such

Education program would b^decade or so to keep our close ties with other nations, tactics.

available to North Carolina schools without control. The school folks later learned that in order to qualify for the Federal aid they would have to revamp the whole secondary education program to meet bureaucratic specifications with respect to separate junior high schools.

LAST WORD - This goes back to the opening sentence of this column, to the effect that the Republicans offer the most serious challenge in more than 30 years for complete dominance of North Carolina. State government is more and more controlled by edicts of Federal judges and Federal bureaucrats, whose interpretations of congressional acts nd constitutional provisions are enforceable from every practical viewpoint, however much they may vary from precedent and tradition.

The Republicans gathered here at their state convention last week talked a lot about wishes and prospects for electing more members of the General Assembly and more county officials. Most of their efforts are directed toward retaining the White House and capturing the popular branch of the Congress. They are practical and realistic enough to know that if they can control the appointment of Federal bureaucrats it will not make a great deal of difference which party has a majority in the State captol and the county court house. Republican appointees in Washington will make the rules and enforce them.

Interest Dyir^ ..n Thq Tourists

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By JA.MES MARLOW

WASHINGTON (APIYou can run your own test on how much interest you have in President Eisenhowers present journey to S()uth America and Premier Nikita Khrushchevs present tour of Southern Asia.

Just ask yourself how much attention youve been paying to the day-by,-day stories about both men and particularly how much, of all they have said in all their speeches, have you read or even wanted to read.

The answer is probably: not much. And, if this Is true in your case, there are three handy reasons:

1. Since theyre both on a selling campaigntrying to win good will for their own countries, they are not going to say anjlhing which angers or alienates their hosts. That makes for unexciting speeches.

2. Since both men are going to meet in a May summit conference,* neither is likely to say anything so inflammatory it could be interpreted as a deUberate effort to wreck the conference before it starts.

3. We happen to be in a relatively quiet interval which began with the Eisenhower-Khrush-chev meeting in the United

States in 1959 and will almost certainly extend to the time when the two men face each other again at Paris.

Until they met here last year there had been steadily mounting tension over Berlina tension deliberately created by Khrushchevbut he took the heat off and the world returned to calm, waiting to see what Paris produced. Khrushchev on his current tour is speaking out again about Berlin, but he hasnt yet returned to threats or utimatums and isnt likely to before the summit meeting

So its no wonder there has been little or no excitement in anything either man has said.

Something else seems to have happened, too,

'There was tremendous interest in Khrushchevs trip to this country and in Eisenhower's trip later in 1959 to Europe, Asia, and North Africa. But this second go-round of trips by both men has taken the edge off their expeditions, in this country, at least.

This is a curious development in international dealings when it is remembered that a tour of nations by an American president or a Soviet premier was unheard of just a short time ago.

We now read that beds are bqing brought into the senate committee rooms so that senators might be able to sleep there and thus be on hand quickly should they be needed in the senate chamber.

The entlmiBiMkure becomes an emotional one. It partakes of the Idba of physical stamina. The fight for civil rights as an act of law isfi>eing pushed into the background and the fight now becomes one of endurance. Southern senators are badly outnumbered. If they must hold the senate floor all day and all night in' a continuous session, then only a miracle can prevent the passage by that body of a strong civil rights llaw. After there is a limit to human Tndurance.

When fankind becomes physically and mentally tired, then rationalism often becomes lost In the shuffle. When senators engage in an endurance contest, then we might ask ourselyea what type of legislation might we expect. If senators cannot think cleagiy because of the physical strain, then we might expect legislation conceived and passed under strain and stress.

There are so many very important matters in which need the attention of the American senate right now. But this being an election year, so many senators tend to become politicians rather than statesmen. The voters back home must be appeased. That is particularly true in areas where a minority group holds the balance of power.

There are 100 senators today In this country. Of that number

the South can count on only 18 .senators to try to "hold the line. These 18 senators come, from North Carolina. South Car-(^ina, Florida, Georgia, Virginia. Arkansas. Mississippi, Louisiana. and Alabama. No longer can the Southern group depend upon senators from such states as Texas, Tennessee, and Maryland for any help whatsoever.

The 18 senators from the states listed above have a tremendous burden in this filibuster upon their shoulders. The filibuster might be broken in the days and weeks ahead. But before the filibuster Is broken, the strength and stamina of 18 men must be sapped.

With 18 senators on one side and 82 senators on the other, the odds seem to be right much out of proportion.

It. seems almost cruel to think now in terms of emotion rather than reason. But the die seefs cast, and there seems to be no area of compromise. This appears to be an all out fight.

The 18 senators from the South have theif hands full.

CHILD WEDDINGS

(The Dallas Morning Nrws)

The courts have at last decided that school authorities may deny to married high school students the right to participate in school dances, athletics and athletics and other extracurricular activities. It is a reasonable decision.

Of course, when Susie and Billy get so enraptured that they cant live apart, the best thing is for them to live together. But It should^ be understood by all conceriied that, from and after marriage, the pair will be held to adult standards and that it is time to put away childish things.

Billy had better be getting ready to earn a living for Susie, And Susie had better begin getting ready to set up housekeeping for Billy. A little more high school empha.sis on the seriousness of marriage will be good for everybodyBilly, Susie and their fellow students included.

give in code the location of firea. which it does In a series of short and long squawks. Evidently the system is effective.

Nevertheless, there are newcomers in this town who havent been oriented to such a system.

Imagine a new family in town, just moved into their home within fairly good hearing distance of the siren. The baby, three years old, is adjusting to her new situation, making new friends and learning her way about a new playground.

When suddenly she hears the terrible squawks. . .Runs belter skelter for home and her mother. The mother is not quite as terrified, but is equally bewildered. The situation persists for several weeks. Every time the siren goes off. and this may include the regular 6 p.m. daily blast, the baby tunes up and cries and the mother shudders, thinking of air raids and similar things.

The family knows no one to ask about the terrible noise. Then finally, in a run-of-the-mill conversation with friends, they discover the source of their fret is the fire siren.

It may not be said in this case that ignorance is bliss Rather, wisdom hath brought contentment.

FUR COATS. . .especially the mink variety, are desired by almost every woman, while the husband or father shuns the accompanying price tag. Now we are talking about the desirability of the real fur coat, like from minks, ermines, beavers, muskrats, seals, squirrels and, of course, raccoons.

The new scientific approach by the typical husband, instead' of the price difficulty, is this, and we quote:

With all the money that has been spent in recent years by researchers aeveloping man-made fibers, and consequently fur coats, why does a woman still want to go out and cover herself with a piece of skin from a dead animal? Why the cave people did that.

This genius wife agrees with his logicbut she still wants a mink coat.

Ah, logic and wants. But Ah doesnt want logic. Ah wants a fur coat. So says the wife.

EVERYBODY TALKS ABOUT ABOUT THE WEATHER . Mark Twain (Samuel Clemens) said, but nobody does any-tiiing about it.'* And what, we ask, can we do about it. Men have tried to make rain with dry ice in years past. We dont hear so much about all that (Continued on Page 5)

Worlc,

Court

Cebate

By GEOBGE E. 80K0LSKT COPYRIGHT, 1969. KING FEATURES SYNDICATE, INC.

The Connolly Retervotlon is again before the Senate. R is a sign of the times that the people are not as excited tbout it in 1960 as they were In 1946 when it was passed. This Reservation is a declaration limiting the acceptance by the United States of the compulsory Jurisdiction of the World Court. Were It not for the Connally Reservation, the World Court could have rendered decisions which might have meant Inter-, vention in the internal affairs of the United States.

The passage of the Connally ReservaUon disappointed those who had sought to develop the United Nations into a world government. In this, they failed at the time that the San Francisco Treaty waa signed and whatever efforts they have since made have also failed because of the Russian use of the veto, the ganging up of the Asiatic and African nations on the United States, and Um ner-gence of the underdeveloped countries. Practically every signtficant International conference, in recent years, has taken place outside of the United Nations, just as the planned Summit Conferences will take place outside of the United Nations-

The World Court Is a useful body, but it was clearly understood at the time of the San Francisco Conference that the United NaUons and the World Court would not interfere with the domestic affairs of states composing the United Nations. The World Court is composed of 15 judges, of whom Prank E. Holman, an outstanding lawyer who has specialized in this . . Only three judges are '. . .Only three Judges are from common law countries, four are Latin Americans, two are from Moslem countries, two are Communist, one Chinese and one each from Greece, France, and Norway.

These divergent legal and historical backgrounds undoubtedly condition the thinking of the judges and it is impossible to know under the present rules of the Court which legal system prevails- Frank Holman raises an interesting point concerning this:

Under the terms of the Charter ,vwe pledge ourselves to promote full employment and social and economic progress for all peoples. Who is to say that the World Court would not consider this an international legal dispute and render judgment against us accordingly If aome other nation made a showing that we have not lived up to that pledge of the Charter by not furnishing such aid to promote full employment and social and econoniic progress in a particular nation? Again, the question of when, to whom, and to what extent we fumsh foreign aid is a matter of our own business. Except for the Conal-ly Reservation, we could not determine that matter for ourselves

This hits the nail squarely on the head. As a matter of fact, the World Court is not bound by any system of Jurisdiction. It is not bound by any enacted International lawsuch law ha.s never been enacted. The Judges may roam the Earth to discover a basis for a decision.

The ConnaHl Reservation represents an assertion that while the United States Is willing to co-operate with all the countries which are members of the United Nations to achieve international peace, the Senate decided:

. . .the jurisdiction of the World Court shall not apply to disputes with regard to matters which are essentially within the JurlsdicUon if the United States, as determined by the United States-

It is this which thoee who want the Connally Reservation repealed, seek to . have withdrawn. I have seen o argument in favor of repealing the Connally Reservation' which has any purpose other than to establl.sh world government over the United States. Will Russia accept wb.'ld gjvernment over the Soviet Universal State? Will Poland or any other Soviet state (Contmued on Page ) -

Strength For Today friable Annuities Are Coming

Bv EARL L. DOUGLASS IN A FREE COUNTRY A number of us of varying age groups and of different political parties and philosophies met at lunch. We argued. We pounded the table. We shook our fingers at one another declaring that this political party or that would ruin the country. We viewed with alarm many modern tendencies. One moment world was

Within five minutes everyone was defending the proposition that a millennium was about to open before us.

As we came to the .close,^ we did not exacy feel that we had solved all the worlds problems but felt we had made a dent in some of them. No one had convinced anyone else. We walked away ' from the luncheon table carrying our prejudices with us. We were dead sure we were right and thse'who had opposed us Were wrongs pne of those who had been most vociferous in the discussion and had been stepped upon pretty heavily by everybody slapped the hoist on the back and said..

We all felt the same way. The marvelous thing was thaf we happened to live In a country where free discussion of that sort could be held. We knew ourselves to be free beings living in a free country.

The best luncheon everthis was an unanimous opinion.

nioaern lenaencies. tit we were sure the 4 ^

agoing to the dogs. i^Dinions

I minutes evervone ^

In Brief-

With just a little effort on our part we can have good manners on the highway just as we do.in everyday life. Remember, you dont -have to drive down the white line to prove you are sober.Star City (Ark.) Ledger. ,

Thats the best ever attended

luncheon 1

. Certain childhood ailments used to be treated by making the children chew tobacco. This may not have cured the ail-ment.s, but it cured many a small boy of hankering to chew tobacco." Pike County (Ga.) Journal

By ELMER ROESSNER There will be a tapping at your door soon if you live in a state in which laws permit the. sale of variable annuities.

The Securities and Exchange Commission, given control over this form of. Investment, has issued regulatimia-.for two companies in the field. This will enable these companies to begin offering variable annuities. The same regulations will apply to other companies, and it is likely many new ones will be formed. Some insurance companies may create variable-an-nuity subsidiaries.

A variable annuity is an agreement in which the company con-stracts to pay the buyer annuities that will go up and down approximately as does the cost of living.

If a person buys an ordinary annuity he may, for example, get $10,0(X)ijHpUr. for a certain number, of^pars. or for life, depending ^the contract. And while that may be an adequate amount "today, by 1970 <10.000 a year may be enough for only one meal a day, inflationary hazards being what they arc.

But under a variable annity

contract, payments would rise with inflation and decline with deflation. This is made possible by investing the companys assets in common stock, which generally rise and fall with the purchasing power of the dollar.

The variable annuity idea has long been considered, but until now most projects have been blocked. Old-line insurance com-panies fought them bitterly, perhaps because they keep reminding the public of the weakness of life insurance policies: the purchasing power of the death payments is constantly being diluted by Inflation.

Several companies, including one major insurance company, tried to get approval of variable annuity policies but were blocked by state laws and court decisions Then two companies, the Variable Annuity Life Instirance Co. (known as VALIC), and the Equity Annuity Life Insurance Co. (EALIC). both of Washington. D.C.. proposed variable annuity policies. They sought to Operate under the the District of Columbia insurance Department, reputed to be easier to get along with than some state insurance commissions

SUPREME COURT RULES

Their applications were chal--lenged on the grounds that variable annuities were security investments more than insurandfe. The matter was taken to the Supreme Court'which ruled that they were truly Investments and therefore under control of the SEC.

VALIC 'and EALIC applied to the SEC for authority to operate, asking to be exempted from certain regulations. The SEC had granted exemption from some and refused from others. But It granted a key exemption, permitting the companies to Issue senior securities. A senior security Is one that has first claim on a companys assets. And to make variable annuities attractive, a company would have to make the annuity contract a senior security: that is, it would have to give buyers a claim on assets ahead of the companys stockholders.

To what extent the two authorized companies can operate outside the District of Columbia, or the extent to which variable annuity companies can be formed ouLside the district, are still not clear. Each states insurance

and blue sky laws must be taken into account. But it is expected that many states will welcome operation of such companies and that variable annuities will some day approach mutual funds in volume of business, and in providing employment.

SHORT AND SIGNIFICANT BITS OF BUSINESS Magazines will do better this year than last, according to the seventh annual survey by the Gallagher report. . .After four years of experience. Max Hess reports that women can sell mens suits, coats and ahoes as well as men. . .The average American consumes 90 pounds of sugar a year, a statistician finds. . .Grocery stor prices are actually lower than they were in 1952, says Paul S. WlUls, president of the Grocery Manufacturers of America. . Jtus-tralla delivered 5,631.360 pounds of frozen beef, at American ports last month. . .All United States exports of dairy products except condensed milk declined in 19.59. . .Last years U.S. ex-ports of chickens and turkeys was more than double the 1958 totals