Newspaper Page Text
Thursday, March 15. 1962
The National Outlook
BY RALPH ROBEY
Consumers Start to Borrow
and Spend
One of the worries in 1961
was the hesitancy of consumers
to spend. Their income rose
month after month but total
■consumer outlays remained be
low the level which previous
recovery periods indicate as
normal. Only in the last month
or two of the year did purchas
ing really increase. This was
enough to make retail sales
show a slight improvement
over 1960, but the rise was
small and it was spotty.
Paralleling this spending re
cord was the behavior of instal
ment loans. During the first
three quarters of the year there
STARTING TODAY there will
be specific weather forecasts
for Newton-Rockdale area.
Heard twice a day, 7 days a
week. Mon. thru Sat. 7:15 a.
m„ 12:15 p.m., Sun. 8:05 a.
m. and 12:10 p.m.
This service is being made
available on WGFS, Coving
ton, from the Lockheed Me
teorological Service.
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was a decline of thia type of
credit. In the final three months
there was an increase which
was large enough to offset the
decline in the first nine months.
But for the year as a whole the
increase was only $575 million
as compared with a growth of
$3.6 billion in 1960.
Total consumer credit out
standing in the nation is a lit
tle# over $57 billion. Os t h i s
some 75 percent is instalment
credit, and of this instalment
credit about 40 percent is auto
mobile paper.
The total of automobile in
stalment credit outstanding de
pends, of course, primarily up
on the n,umber of cars sold and
the rapidity with which such
loans are repaid. Since 1961
was not too favorable from the
viewpoint of automobile sales
the volume of instalment cre
dit tended to be held down.
And the public used the occa
sion to pay off its loans. Even
at the end of 1961 the total
volume of automobile paper
outstanding was $484 million
less than a year earlier.
But — and this is the most
important point— starting in
October the volume of automo
bile instalment credit sharply
increased and this was also true
in November and December.
This was the first time during
the year that there were three
consecutive months which, on a
seasonally adjusted basis, show
ed an increase of automobile in
stalment paper.
Automobiles are only one of
innumerable big-ticket items
sold upon the instalment basis.
The credit extended on these
other consumer goods rose SB3
million in December, whc i h
was one-third more than in
November, and the greatest ex
pansion since the second quar
ter of 1960.
Now there is a limit as to
: how much consumer credit, in
cluding both installment and
I noninstalment paper, may safe
ly and properly be outstand
ing. No one knows exactly what
this limit is, or just how to de
termine it. But among those
who are regarded as experts in
this field, it is not believed that
we are close to that maximum.
In 1952, for example, consumer
credit was about 10 percent of
personal income. Today it is
under 8 percent.
Granting that there is room
for substantial further expan
; sion of consumer credit, this
recent upward trend is m o s t
encouraging. It means that re
tail sales should continue to
improve — not spurt upward,
but gradually rise month after
month. And this improvement
should be pretty well across the
board — automobiles, house
hold major appliances, furni
ture, soft goods, and so forth.
. It also means that there is
■ no reason for worry about in
adequate purchasing power,
and there is no justification for
. the federal government to in
crease its spending for the pur
pose of getting more buying
capacity in the hands of con
sumers. Finally there is no le
gitimate cause for our Federal
Reserve officials to maintain
artificially low interest rates.
In fact if the federal govern
. ment persists in pumping pur
chasing power into the econ
omy it unquestionably will add
to the danger of price increases
of an inflationary character.
This will be true even though
the budget is balanced — and
there is no basis for assuming
that we shall have a balanced
budget even in the fiscal year
which begins next July.
Alfalfa requires a lot of lime
and won’t produce profitably on
acid soils, say Extension ag
ronomists.
THI COVINGTON NEWS
Georgia Department of Commerce
GEORGIA HISTORY RELIVED
AT FORT FREDERICA
Giant oaks, bent with time and parasitical Spanish moss, spread
their lazy branches to encircle and envelope this ghost fort. The people
who founded and inhabited this community are gone. The houses that
sheltered these citiaens are long-buried foundations, only recently un
earthed. The fort so alive with domestic and military activity is still,
the cannons silent. Yet the dormancy of these surroundings seems to
accentuate the story of a dream come true—a dream of freedom and
colonisation and. at length, victory in the new world.
An old British fortification dating from the early days of Georgia
history, Fort Frederica represents Great Britain's determination to
occupy the coastal lands of south Georgia—lands claimed by the
Spaniards and the French. The remains of the Fort relay the story of
fortitude and fearlessness of its settlers.
Excavations have unearthed the long-concealed foundations of
many of the old dwelling houses of Frederica, facing one another across
now-imaginary Broad Street. Within the fort area two storehouses, the
King's magazine, the guard room, the blacksmith's shop were exca
vated. and also the town gate, the moat, the bastion towers and barracks
building. These foundations have been left exposed and markers erected
to explain them.
A modern visitor center containing pictorial panels, lighted maps,
a diorama and excavated objects, tells the story of the old town and fort.
Near Military Road, behind the visitor center, is the burying
ground. Lichen covered, these brick, arch-like vaults are lasting monu
ments, to the colonizers and defenders of the Fort.
Fort Frederica National Monument is on St. Simons Island, 12 mllss
from Brunswick. It may be reached by the Brunswick-Saint Simons
Highway (toll bridge) or by the inland waterway.
by LAL RIE ANDERSON
\ ABUNDANT LlFy^jj
•*^*** — by ORAL ROBERTS
COUNT YOUR BLESSINGS
A housewife had had an aver
age day, caring for the children
and doing her housework. She
had done jobs that she would
repeat the next day, and the
next. However, it had been an
unusual and heart-stirring day
for her young son. He and a
group of youngsters had gone
to visit and pray with some
shut-ins. When he came home,
be was full of talk of the visit
and of the sick ladies.
When her son went to bed
that evening, she listened as he
said his bedtime prayers. His
praver wasn’t the same as usual.
“Please, God.’’ he prayed
earnestly, "help those ladies get
well so they can hang out
clothes and cook and clean
house like my mommy.”
She stood in the dark room,
looking down at her young son
as he fell asleep. She realized
that a life like hers was the very
best way her son could hope for
someone else.
She was glad that she was
aide to work and serve her fami
ly in love. She said a prayer
of thanks for her health.
Health is truly a blessing and
a gift from God. God offers us
healing because he wants us to
live full and happy lives. Life
Chipmunks and Medicine
In miserable winter months
humans may have envied
ground squirrels and other hi
bernating animals their warm
winter’s rest but few have
thought Alvin the chipmunk
might give tips to the nation’s
scientists. Yugoslavians Pava
and Dr. Vbjin Popovic, now at
Emory University are studying
the hibernation process.
The uses of artificially creat
ed hibernation for medical pur
poses might be far-ranging if
research can ever make this
possible.
Humor Saves U. S. Politics
A German voter is suing a
German politician for a breach
of promise—a campaign prom
ise.
It could not happen in Amer
ica. Politicians may say rough
things about each other and
promise too much but after it
is all over they laugh and shake
hands.
It is evident in the workings
of the American Congress in
mainta ini n g communication.
“You know it takes some sense
of humor for a southern Dem
ocrat and a New York Demo
crat to stay in the same party,”
Dr. Schoeck adds with a smile.
Who Must File—Under S6OO
If your gross income for the
tax year was less than S6OO
($1,200 if you are 65 years of
age or over) but all or part of
it was subject to income tax
withholding, you snould file a
return to get a refund of the
tax withheld,
is not abundant when sickness
i mars our days.
We couldn't begin to number
I all of the blessings that God
■ has given His children. There
i are so many that we often take
/ them for granted. We don’t
i recognize them as blessings.
5 Vision and hearing are two
s of God s many gifts. The sights
, and sounds we see and hear
t every dav sometimes become
commonplace. Open your eyes
1 and look around you at the gifts
> from God. Notice the crimson
! sunset, the robin's cheerful song
. and the trees as their leaves
I rustle in the wind.
t The flowers do not just hap
t pen to bloom in the spring,
i Even so, the goodness which
comes your way is not just luck.
, God is the creator and controller
i of our lives. He pours out His
I blessings to His people. Cod’s
' abundance has no end.
A wealth of healing, love,
Ceace of mind and success can
e yours today. These things
He offers to you. His love will
■ refresh your soul and open your
eyes to the wonders of life.
I Enjoy His blessings and good
; ness every minute of the day.
i Take time to live. Express your
■ thanks to Him.
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MIXON MARINE
Sales & Service
Phone 786-7340—Atlanta Hwy.
(Largest Coverage Any Weekly Tn The State)
Newton FHA i
Plans Ahead
The Newton High Chapter of
the FHA met on Wednesday,
February 28, in the home eco
nomics department. President
Ann McLendon began the meet-!
ing by leading the chib tn our
opening ritual.
The club will have a cover
ed dish supper on March 13;
this supper is to carry o u t
the national project which is
"Family Unity." The members
and their parents are invited to
attend.
March 31 is the date for the
district meeting in Carrollton.
Georgia. Nance Blankenship
will represent the district by
giving the response to the wel- j
come.
National FHA Week is April
1-7. On Sunday — attend
church with family; Monday
—do a job for mother at home;
Friday — fun-night for the
girls and their dates; Satur
day — “do your-neighbor-a
favor” day. Tuesday, Wednes
day and Thursday are o p e n.
dates.
The state projects commit
tee chairman reported that sev
eral girls made twenty boxes of
candy and cookies and sent
them to Newton County pa
tients at Milledgeville State
Hospital.
The program was' presented
by Mrs. McGiboney. home dem-
Patrick Feed & Seed Co.
service
bulletin
NEW
PURINA EX '
2-WAY CHICK “
HEALTH
PLAN X. t
r IgL - v Mb ■
~ 11 M
i I Rk
-jMAiaiS3
lllilS P unna Chick Startena
for vigor
K 2. Purina TYLAN" to
knock out CRD
For the first time you can help get your baby
chicks off to a fast, healthy start with this low.
eos t easy-to-follow Purina Chick Health Plan.
Chicks need the fen growth-boosting ingredi-
Cn * s ' n Chicle Slartcna to help give them a pro
fitable start. New Purina Tylan Soluble contains
tylosin, the first really effective antibiotic that
fights CRD organisms present in a baby chick's
system.
Save 25^ on every 60 chicks you start!
When you buy Chick Stertene, you can get you need at our Checkerboard Store when
a regular 60-chick packet of Purina Tylan you order Chick Startena. But be sure to get
Soluble — worth $1 —for only 75c. That's both, and reduce the danger of early CRD
a saving of 25c on every 60 birds you start, losses for less than I'/a a per chick.
Pick up as many packets of Tylan Soluble as
Patrick Feed & Seed Co.
102 W. Usher St.—Phone 786-3220—Covington, Ga.
■■■■■■■■■■■■■■■■■•■a ■■
onstration agent in Newton
County. Her topic was “Our
Future in Home Economics."
The meeting was ended with
our closing ritual.
Brenda Chambers
Reporter
Through the use of high
strength, low alloy steel, a new
railroad car to transport auto
mobiles has been made which
weighs 30 per cent less than
its older counterparts.
NOW OPEN
FOR BUSINESS
in our new
WATCH FOR OUR OFFICIAL
opiNIMG SOOH
Formerly operated by
CHAPMAN'S CAFE
403 C,ark Street
X Come by and Browse Around
' See our Display of permanent
Flowers and Arrangements!
WE WIRE FLOWERS
McCullough flower shop
Mrs. J. Q. McCullough — Miss Hester Moatet
Owners and Designers
403 Clark St. — Phone 716-5635 — Covington, Ga.
PAGE FIFTEEN
Planting Forest Trees
Forest tree seedlings planted
too close together will usuallv
need thinning before they reach
merchantable sue. Extension
Forester George D. Walker
suggests planting trees about
eight feet apart or wider un
der average conditions. This
would require 600 to 700 trees
per acre. Fewer trees should
be planted on poor soil and moi a
on fertile soil.
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