Monday, February 26, 1962

Another Outstanding Contribution

Tell Bobbie Pm Gunning fo Him!

It was anothr feather in the cap of East Carolina College for its Playhouse to present the American premiere of The Wages of Sin, a political drama by Burmese Prime Minister U Nu.

Well done by the cast of East Carolina students and faculty members, the drama afforded the local college an opportunity to move into the front line of the international cultural exchange program that has done much to lead to a better understanding between people of different nations with different backgrounds.

Through the three acts of the play, U Nu pushed home his central theme that the greatest threat to democracy is the. corruption of high public officials who misuse the powers of their office and pave the way for communism by' disillusioning citizens who have believed in democracy.

From the standpoint of its content and message, it might well have been a play written by an American and placed in an Asiatic setting. The fact that it was written by the Prime Minister of Burma authenticates the assertion that nations far removed from each other by geographic conditions, background, the degree of development and many other factors still can hold common ideals and seek the

same goals of freedom and democracy. Though circumstances may differ, similar problems face those in positions of high responsibility as they struggle against the common enemy of communism.

In addition to the American premiere of the play itself, the drama here afforded East Carolina College and Greenville an opportunity for closer association with responsible officials who represent the Republic of. Burma in this nation. There can be no doubt that the p|esentation of the drama here, and the visit here by Ambassador U On Sein and other representatives of the Burmese government created an atmosphere for better understanding between citizens of -the two nations.

Certainly East Carolina College and its Playhouse director Dr. J. A. Withey desene the commendation of this community for making this the site of the Ameriaan premiere of the Wages of Sin and for the contribution this will make to better relations and better understanding between the United States and the Republic of Burma.

It represents another of the outstanding contributions East Carolina College is making to this section and the nation considerably beyond the normal range of academic instruction so often associated with institutions Of higher education.

aaouuitttcu witii insuLunuiis oi nignec eaucatK

Sq16 Of StOtG President Sustained

Land Studied Americas Position

By LYNN NISBET STATE LAND-State officials are ccmsidering all angles of the quesUoD Involved in proposals to sell land owned by the whole State but under control of the Prison Department. Main Interest centers in the Polk Camp land adjacent to the city of Raleigh, but there Is questimi about sale of land at s(ne 80-odd prison camp farm* all over the state. Changes in farming methods and prisoii administration have rendered much of this acreage "wrplus so far as State needs are concerned. The prista can no longer use the land to advantage, but it can use the cash for development c' industries which have been substituted for farming.

The Camp Polk land presents particular problem, because of Its preudmity to large holdings of other State agencies and to the city of Raleigh. It Is in demand for Industrial, institutional and residential de-velojanent. Big question is whether this Camp Polk land should be sold at all. Perhaps it stanild be retained by the State for future use. There is'a ready answer to those who say the State will never need it. Never is too long a time to speculate Mi. A story has been goi.ig around captol square circles for years about an opportunity the State missed to get some valuable land around the captol.

Some search <rf Council of State minutes, although the search has been thorough or exhausting, falls to discover any mention of the Incident, but oldtlmers report it with glee. The story goes like this: LAND ENOUGH-Back during the administration of Governor Kitchen or Governor Craig, between 1909 and 1917, the congr^tion of the Negro First Baptist Church offered to trade lots with the SUte. The church offered its lot on the southeast comer of Morgan and Wilmington streets, diagonally across from captol square in exchange for the State owned property on South Blount street which had just been abandoned ,as tbe site of the Negro school for the blind and deaf. Whether cash boot was contemplated either way is not known. The proffer was turned dou-n by tbe Onmcil of State on the ground that tbe State already owned all the land and buildings It would ever need for office spac.

Since then the State has bought land and erected buildings to house the revenue department and related agencies, the highway commission, the education and CAD building, the justice building, the employment security building, the

health budlng, motor vehicles building and othersincluding the big new State House. Besides these buildings the State has purchased and CMiverted to office use the old Mansion Paric Hotel, the YMCA building and half a dozen residences adjacent to the square as well as many lots on which buUdings have not been erected. And still the demand for more space is almost desperate. Meanwhile, the Negro Baptist Church remains on its comer, occupying some of the most valuable real estate per square foot all of North Carolina.

When and what to buy or sell must be determined by the best judgment of IKate official incumbent at the time the opportunity presents itself. They should not be held too much responsible when unanticipated changing conditions make their decisions look foolish.

RESIDENCE - Mecklenburg-ers are displeased that their new eighth district selected Miss Edith Marsh to represent it on the platform cornmittee at the next Democratic state convention. The Mecklenburg-ers may have something if they want to follow through on It. Miss Marsh is a native and was for many years a voting citizen of Union county. She hasnt lived in the county much lately, working at Washington and Raleigh for the Federal or State government. The constitution and statutes permit persons in government service retain voting citizenship in the home bailiwick, even though they live somewhere else. Such privilege is not extended employees of private enterprise. And for several years Miss Marsh has been employed by Westlnghouse at Raleigh. She has spent a lot of time at home and her family is active in Uniwi county. Her right to vote there has not heretofore been challenged.

President Kennedys forthright rejection of the latest Khrushchev demand for a summit conference at the outset of the Geneva disarmament talks makes clear the U.S. position that a chiefs-of-state meeting should come after concrete progress on issues is made at a lower level. >

Although Soviet Premier Khrushchev suggested insincerity on the part of the United States in his latest message, the reply by President Kennedy clearly places the burden of proof of good faith upon the Soviets. It leaves the way open for a summit conference after significant progress on disarmament is made at the foreign minister level,

* Khrushchevs message continued the overtones that the Soviets might turn the Geneva disarmament into a propaganda program either by directing the initial attendance at the conference by communist heads of state, or by sending representatives below the foreign minister level. In either event, the result would show conclusively that the Soviets are more interested in gaining a propaganda forum by the conference than in making real progress toward an international disarmament agreement.

Without saying so directly, President Kennedy has sustained the American position that the Soviets should show faith in negotiations before it is practical for international issues to be resolved at a summit meeting. This, in our opinion, is the sound course for the President to follow and we are pleased that he has elected to continue this course.

''nterest Rates

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Smal

By GEORGE SOKOLSKY

The 'Burden Of Proof

In ine UDswina

Copyright, 1962, King Features Syndicate, Inc.

The Russians always want to be first about everything, but now the burden of the proof is 0.1 them. We opened every window We showed every instrument work. It is not necessary to send a Klaus Fuchs to find out what we do and how we do it. Stand in front of a television screen and look! Its a free show for all.

The .Russians now want to pool knowledge. We always pool knowledge, Tovarisch! Maybe the American people are not too smart, but we do not like secrets. Since the end of World War n, the United States has been ready to agree upon a formula to pool atomic knowledge and to put it under the control and inspection of the United Nations. That was the Baruch Plan.

They thought we were failing. We seemed to muddle all

over the place, losing time In what seemed endless discussion as obscure people expressed their ideas and brought in blueprints.

We let everybody see our failures because we have a peculiar notion that there is no monopoly on brains, that sometimes the simplest man can solve the most complex problems. We recall that /Thomas Edison never went to college; we know that Henry Ford was a mechanic.

And so, we let everybody take a try at things and bring in their plans and meet the cold face of a uniformed expert or sit in front of a banker who cannot understand why this fellow wants to borrow a million dollars when he ought to be holding a job at union pay. But in the end. we put the thing together and there is always a Lindbergh or a John Glenn w'ho will risk his life for God and

POTPOURRI The papers are filled these days with notices that such a persMi has decided to run for re-election or to make a first try for some political office. There are publicity seekers who get mi the front pages sort of by the back door. These are the ones who get headlines for announcing they will not run. . . .

Most folks will be pleased at Governor Sanfords statement that his office is through with the Brewer-Burch highway sign matter, and the from here out it will be left entirely to the courts. That probably will mean less publicity, since the court processes afford much le.ss chance for political propaganda than does the executive handling of such matters. . . .

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By RALPH ROBEY

One of the efforts of this ad-mlnistratMi has been to make certain that the business upswing will not be halted tod early by rising interest rates. Back of this Is a belief that the recovery from the 1958 reces-5M1 was needlessly checked by the Federal Reserve Board tightening credit too early and too strongly. This is an issue that sincere indents can argue about by the day and never come to a conclusion as to which side is most nearly correct. But in any event the behavior of the interest rate structure has been materially changed in this uptrend from that of earlier recovery periods.

The m<t volatile interest rate is that for 3-month Treasury bills. These are bid for by the banks and other interested investors. and since the volume outstanding is enormous and constantly turning over, it is ' seldom that two consecutive issues will be sold at the same price During 1954 as a whole the rate cyi this type of government paper was below one per cent. From this it rose fairly constantly to over 3't per cent In 1957. Then in 1958 the rate again dropped to below one per cent, and from this rose rapidly to a little above 2^4 per cent, and ultimately to above 4 per cent at the end of 1959.

During the first half of 1960 this rate plummeted to below 2H per cent and for month after month remained around that figure. Recently there has been a slight Increase, but the rate is still below 3 per cent. No other interest rate has gone through such wide gyrations, but almost all tbe others have shown increased firmness in the last few weeks. It is time, therefore, to make a guess as to the future.

Before predicting, however, there are three basic facts that must be mentioned.

First, the Federal Reserve System has deliberately kept from driving this short term rate too low. The reason for this has been that it did not

want funds moving out of this nation to foreign money centers because of a difference of interest rates. In its open market operations, therefore, the Federal Reserve did not limit itself to buying bills, but rath-;Cr also bought government securities of longer maturity. This tended to keep the rate on longer ^ues lower than it otherwise would have been, but there is no way to measure this effect.

Second, the Federal Reserve authorities have been cooperating ^ith the adminLstration in keeping interest rates from needlessly rising. This does not mean that the Federal Reserve has given up its independence. It means merely that up to this point there has not been enough evidence of inflation, or of misuse of bank credit, to justify putting on the brakes. Even before the 1960 downturn of business the Federal Resen^e started to ease credit conditions and it has continued a policy of relative ease ever since. Specifically, the Federal Reserve has kept the net free reserves of commercial member banks at about S500 million. This is the figure which determines the potential lending power of the commercial banks without further borrowing from the Federal Reserve.

Third, the demand for credit has been growing. Total loans and investments of commercial banks has increased by over $15 billion within the past year, and the money supply which means currency outside banks and demand deposits has risen sharply in the past few months.

Now the prediction:

There is no reason to assume that the Federal Reserve will make a sudden shift in Its policy of credit ease. But there also is no reasOTi to assume that It will continue this policy indefinitely.

On balance, the likelihood would appear to be that before long we shall .see a firming of Interest rates in all categories of lending.

Other Editors Saying.,. We Hope Hell Stay

(Washington News)

It is oftentimes difficult for any man to remain in a position when a larger position looms in the distance.

A greater challenge, more pay, a higher rung in ones chosen profession, and a sincere desire to better ones station in life are factors which are bound to be considered any time an offer Is made.

Dr. Leo Jenkins, president of East Carolina college in Greenville, has been contacted by the University of South Carolina in regard to the position of president of that fine institution.

Very naturally Dr, Jenkins is complimented by the fact that he is under consideration for that job. He must weigh the pros and cons carefully, and he must himself make the ultimate decision.

If he were a man who is satisfied with every condition as he finds it, he would not now be president of ECC, and he would not now' be under consideration for the presidency of

use.

Admitting the ^greater scope, which he will find at South Carolina, there is still a terrific challenge at East Carolina college for him. Not only the college as a great educational institution, but Eastern North Carolina as well today need the leadership of Dr. Jenkins.

As president of East Carolina college, he has distinguished himself not only as an educator and an administrator but as a guiding force for so many to

look up to for leadership in our area. He is a man everyone can talk with. We dare say that in the student body of more than 5.000 boys and girls today at ECC, there is hardly one who would hesitate to take a problem to him. Such men are few and far between.

East Carolina college is a growing institution. Growing pains require expert diagnosis and treatment. Dr. Jenkins is that expert, and the treatment he is now giving there is improving the patient considerably with each passing day.

East Carolina college Is just before moving up into the Southern conference. It is today one of the larger educational institutions in North Carolina. There are ample opportunities for services, leadership, and ability right in the position he now finds him&elf.

Frankly, we need Dr. Jenkins right where he is. As we view the picture and despite what seems to be larger challenges in South Carolina, to lose him 'now would be equivalent to losing a horse in the middle of the stream.

He has given ECC and Eastern North Carolina what we need a balanced diet of education, leadership, and character building.

If 'we, as Eastern Carolina people, will realize what he has done, is doing, and will do. then we readily understand why such a loss will be a tragic blow.

We urge Dr. Jenkins to stay put. We need him so much In 'this hour.

country.

All the world saw John Glenns family his father and mother, his wife and two children. There they were on the screen, modest, quiet folk who prayed to God that it all might go well but who knew what was happening. We had no secrets from them. The children knew every move that their father would make.

The burden is now on the Russians. Let us see them at work, out in the open. That is another thing the Russians can learn from us: we are not afraid of failure and do not hold it against a man. In fact. Instead of calling ours the private enterprise system, a better, simple explanation is that is is the risk system. Every enterprise is undertaken at risk. We never used to guarantee anyone that just being lx)m was a free pass to anything. We expected a man to use his initiative and to have an Incentive to produce. to benefit by his labors but also to risk the possibility of it not turning out.

That Is our story, Tovarisch! For more than 300 years our people have lived that way. Perhaps it is difficult to understand these small towms in Ohio which you watched on the screen. There are no rich people in those towns, no exploiters of anybody or anything. Just plain working people and small storekeepers who a 11 earn about the same, who ask for no special benefits but Just a fair chance. Nobody in one of those towns has to Join a party to get along in this hard world.

You used to talk about the power of Wall Street. You stopped that when you discovered that Wall Street was just another of thousands of streets where Americans did commerce with their savings. Then you used the phase, powerful political circles. The truth is that we really dont have any very powerful people in this country.

We are a nation of very simple people, folks like that family of John Glenns that you saw on the television screen, folks that do not ask too much of life, only to be let alone, to dream and speak and read and write and worship God as each one has it in his heart to do.

That is why a w^hole nation stood still while John Glenn rode the clouds. We were not boasting. We were not asking for first place. Behind every instrument stood a person Uke John Glenn not great generals or political strategists just simple men who did their duty.

Now It is up to the Russians to produce their score card.

.riouses

By ROGER BABSON

BABSpN PARK. Mass., -A few weeks ago 1 wrote about how the Teamsters Union had taken over a large real estate development near Lake Wales. Florida. Such purchases have been going on for some time. The latest news is that the owners of Look Magazine have bought into the General Development Corp. probably the largest builder of small homes and the creator of Port Charlotte, the Florida city which was started from scratch.

SURPLUS OIB SMALL HOUSES Upon checking up with other states I find a surplus of small homes almost everywhere. Such houses should soon be cheaper. Ten years ago there was a shortage of one-family y houses to sell for $10,000 to $15,000. Like almost everything else, however, a shortage is followed by a surplus. (The only thing of which there Is a shortage now is parking space! Even President Kennedy has excess stockpiles of metal and other commoditiesnot to mention wheat, com, and other farm products.

If you chart the nations birth rates you will be able to forecast when marriages will be at their peak. We were in such a period a few years ago. This resulted in the great demand for two-bedroom single houses. This situation caused development companies to be formed,especially in the suburbs of almost every city. More real estate agents per KXX) of population exist today than at any previous time. They now average about 75 real estate salesmen for each 10,000 of population. I Include the licensed realtors and their salesmen.

EASY TERMS FOR PURCHASLNG The offering price for new^ vacant houses has not yet been broken in most sections; but the terms of purchasing have been severely cut. A veteran can buy a house without putting any money down; while any young couple can get a home for 10 percent down, and a small monthly pajment. When the newly married couples do a little figuring they find that the monthly payment is no more than they would pay for rent, only then they would not have a new house. Talk it over with the FHA (Federal Housing Administration). You can get information on your problems by writing the Public Information Office, FHA, Washington 25, D. C., or a local FHA office.

When the young couples must move to some other city, some foolish ones do not hesitate to move but sometimes at night and leave a note stating that no more monthly payments can be expected! The furniture has mostly been bought on installment payments. This they are willing to have the dealers repossessor they will make v deal with some truck driver to take their furniture some night to the new location when they have bought another house. BEWARE OF A BAD REPUTATION The above program is being followed continually by young home buyers who think nothing of their reputation. But it is wise for a young married couple to establish a reputation for honesty and reliability. This is very important. Young people may get married without money; but they should have an Insurance policy (upon which they should never borrow)and good credit.

The real estate men combine Into associations which report to one another. The bank where you as a new resident will be cashing your monthly check in the new city will get a report upon you from Its correspondent banks in the city you are leaving. So be sure to establish good credit. Be able to refer to your school principal and your minLster or priest and especially to your former employer. Be above board in all your transactions with- your real estate agents and with the storekeepers. BuUd up good credit wherever you are and save a Uttle money each month after pajing your insurance premiums, which should be a MUST.

Sales Increase Well Distributed

Strength For Today

THE ONE REMAINS

Are you discouraged?

So many people are. these days. So many people, especially those who are older, find the world of the 1960s a fantastic, frightening place that seems to have lost Its stability. The face of the earth has shrunk so that our enemies are only a few hours away by missile and airplane. The old familiar skies are criss-crossed by the paths of space vehicles travelling at unhcard-of speeds, some perhaps. the potential bearers of our destnjction. Unrest, tyranny. and open strife in a dozen different areas threaten the peace of the world. The present Is dark, and the future looks

I

darker. No wonder so many people are utterly discouraged with life.

The things of this world do not offer us security. They never have; they never will. When we put our trust in people, in weapons, in money, in human power, our trust will fail us sooner or later, for all things will pass away, as they always have.

The One remains, the many changes and pass;

Heavens light forever shines, earths shadows fly.

.To put aside discouragement, to find real security, we must lift our eyes above the mlssile.s, and the ominous clouds, and the ^rbiting satellites, to Gcxi.

By ELMER ROESSNER Most departments in department stores did pretty good last year, but none did better than the womens and childrens gloves, and the radio, phonograph and television departments.

Those two departments increased sales by 12 per cent, the Federal Reserve Board's summary of sales shows. The total increase for the entire typical store was 1 per cent, it found. '

On the whole, the increase was fairly well distributed. Most departments reported sales ranging from a drop of 1 per cent to a rise of 2 per cent.

Those departments catering to shoppers with money seemed to do better than others. Over-all. basement sales showed no gain, but fine Jewelry and watch departments and fur departments showed 6 per cent gains. Women's and misses coat , departments upstairs showed an 8 per cent gain, whlit the same department in

the basement was up 5 per cent. Main floor juniors coats, suits and dresses showed a 5 per cent gain. Records, sheet music and instruments were up 5 per cent. Luggage showed a 4 per cent gain, but all other departments showing gains had less of a rise.

Of the declines, the largest Was in linoleum departments,* where the aggregate decline was 7 per cent. On the other hand, rugs and carpets held even with 1960.

Other departments showing losses were handkerchiefs, dowm 4 per cent and china and glassware, down 4 per cent. No other departments showed* that much loss.

BETTER THAN IN 1961

On the whole, both gains and lasses were moderate, and the gains were largely in the area of luxury purchases.

Meanwhile, the Department of Commerce reported that retail sales declined In January, compared with December sale. However, at $17.8 billion, they

were 5 per cent above sales for January, 1961. which was good in anybodys money.

The December - to - January drop ,was largely blamed on (1) the weather and (2) the decline in auto sales which, in turn, was blamed wi (1) the weather.

Department store sales In January and on into February, however, have been encouraging. Sales in the week ended Januay 20 were 17 per cent above those in the corresponding week in 1961, and sales In the Bostmi district were up 52 per cent, largely because of (1) the weather. That week they were up 75 per cent In suburban Boston and 60 per cent in Quincy. ~ -

They were also up a phenomenal 61 per Cent in Philadelphia. 57 per cent *ln Wilmington, and 47 per cent in San, Diego.

Sales in the week ended January- 20 were up 14 per cent nationally and in the weeks ended February 3 and lO they

were up 8 and 6 per cent respectively.

STORE USES PICKETS TO BOOM SALES

Goldeen's furniture and appliance store in San Jose, Calif., staged a picket sale with what it said was wonderful results.

RetaU Store Employee Union Local 428 is picketing the store. Goldeens took full page newspaper ads to announce that anyone iMlnglng in a handbill passed out by the pickets would get a 10 per cent discount on any purchase.

If you havent one on hand, hurry down to Goldeens. the ad read. Our pickets will have (MIC for you.

Goldeens and eight other furniture stores In the County won a NaUraal Labor Relaons, Board decertification election last year, but the union is trying to reorganize the , workers and is picketing Goldeens an'< several other stores In 10 campalgiL , <