The Wilmington morning star. [volume], November 24, 1944, FINAL EDITION, Page 13, Image 13

About The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990

Image provided by: University of North Carolina at Chapel Hill Library, Chapel Hill, NC

                
READJUSTED u. s.
debtadvocatee
BV ROGER BABSON
„in.coN PARK, Mass., Nov. 23
BA«n the huge postwar U. S
HoW'ment debt be serviced'
Gov(a] annual expenses o:
^Povernment under Presiden
tf'L (including Army, Navy
C -ofc D°ht Interest, etc.) only
P three billions, how can i«e
*ere. ‘ the money to pay inter
prfn of six billions?
e£iaJl‘r national income was
Pft sixty billions. Our bankers
* ■ that Washington will provide
s!a 6 Lcsarv money to pay inter
tf'e ne the 5300,000,000,000 debt by
«' !L this national income. By
dcut;"L c ices, land values, etc.,
'nCie8prhaPS can be done; but 1
^ not wo sure- Certainly' infla'
am a-nuld be a dangerous way
tion w°UIU
^Statisticians believe that all na
5 m„?t make some readjust
tl0Mt?Tn their huge debts after the
, tHpv see no reason why he
,a.r; , cHec — if we want our
C of foreign trade-should not
"£,how ™y
debt be readjusted.
iL dav t h e banks, together
“ the railroads, public utilities
*7 certair. large corporations,
a av be taken over by the Govern
z -, Thi? will not happen until
5?’next business depression. One
n however, we may expect any
This will be to nationalize
rtTlwelve Federal Reserve Banks
a (his save the Government the
interest on bonds held by these
..a Ranks.
The Federal Government also
mld institute a 100 per cent re
serve policy and thus save - Gov
ernment the interest on all Govern
ment bonds held by t h e banks.
Tfcis now is being advocated by
He "London Economist”. In fact.
Geoffrey Crowther recently urged
such a program before the Man
chester (Englandi Statistical Soci
ety This could be done, he claims,
in a way not to hurt the banks,
al hough I am not too sure of this.
My own guess is that the ”E”,
"F" and "G's" become due, a new
system of refunding will be insti
tuted which will save the Govern
ment money and not necessarily
turt anyone. For instance, matur
ities up to a limited amount—say
Sd.000—will be paid in cash. Larger
holders can be given the option: —
(1) oi accepting 2 1-2 per cent
registered fifty year bonds — two
per cent being retired by lot at
par each year, it being understood
that the Government shall not buy
any in the open market under par;
or (2) of accepting 1 per cent
coupon ten year bonds which would
have a free market and have some
lay advantage.
Along with such refunding, legis
lation will be passed by Congress
whereby insurance companies (and
this now w'U be possible under the
recent Supreme Court decision)
wih be allowed to value such 2 1-2
bonds at par; and banks will be
allowed to value the 1 bonds at
par. — whatever either issue may
le selling for in the open market.
This program could result in cut
ting the Federal interests costs
about in half and ultimately in re
tiring the bonds.
■Jot. fJhA
As The Princeton Blew Up |"
r i 4 terrifying moment is caught by a naval camera
man as the powder magazines aboard the light carrier Princeton ex
wreck the ship after she had been hit by Jap bombs during
the Philippines Sea cattle. Official U. S. Navy photo S
NEGRO CONVICT SLAIN
BY CROWD FOLLOWING
THE DEATH OF WOMAN
PIKEVILLE, Term., Nov. 23.—
Chief of Police W. M. Toilet said
today that a Negro trusty at the
Tennessee State Training and Agri
cultural school near here was shot
to death after the daughter of the
superintendent of the school had
been killed and his wife severely
injured.
The trusty, James T. Scales, 17,
who had been sentenced from
Nashville on a robbery charge was
‘ shot to death,” the police chiei
said, by a small crowd who took
him from a woman employe at the
jail while Sheriff Henry Goforth
was absent.
The Negro had been taken to the
jail after Mrs. Gwinn McKinney
had been found dead and her moth
er, Mrs. H. E. Scott, unconscious
at their residence. Superintendent
Scott was in, Nashville at the time.
Chief Tollett said he had been
informed that before he was shot
Scales had admitted attacking the
women with a hammer and knife.
CHANCE TO RECOVER
IS GIVEN NUBBINS
BY DENVER DOCTOR
DENVER, Nov 23.— UP—1The par
ents of Forest (Nubbins) Hoffman,
3 year-old Cheyenne, Wyo., young
ster who celebrated Christmas last
Sunday, have lots to be thankful
and hopeful for today.
A Denver urologist said Nubbins’
temperature has been normal the
last 24 hours, that he is eating
well, that he is holding his own
and has “a whistling chance to get
well.”
Nubbins will remain in the hos
pital several weeks in the hopes
his strength and general condition
can be built up so that an oper
ation can be performed to correct
what the urologist described as a
congenital obstruction at the neck
of his bladder.
-V
buy war bonds and stamps
Movie Couple Plan
Marital *Vacation9
--
HOLLYWOD, Nov. 23.— UP) _
There’s nothing wrong, Actor Bob
Livingston said today, but he and
his wife, Actress Dorothy Gee, are
j going to take a year’s marital va
j cation. No divorce is contemplat
ed. he said; it’s sort of an experi
ment.
“Just as soon as we can find
separate residences,” he added. “I
i think we’ll be better friends than
ever.”
The Livingstons have been mar
ried nine years and have no chil
dren.
sn lrrjur/a
MTOACOID^* k
OPTOMETRY
: OPTOMETRIC SCIENCE
MARCHES ON
Science, like time, marches forward. The science of Optometry has
kept pace with the development of time. The methods of eye examina
tion used only a few years ago. are now inadequate and obsolete.
| VISUAL ABILITY
I NOT VISUAL ACUITY
The measurement of visual ability is no longer that of acuteness of
vision. The ability to accomplish work with the eyes has come to be
the accepted method of measuring one’s visual ability.
OPTOMETRY'S ACCOMPLISHMENT
Good vision in terms of what it takes to compete successfully with oth
I ers, is not merely a matter of being able to see what you want to see
1 when you want to see it. Real efficient vision is the kind that enables
| you to absorb and remember what you see.
it _ ! l
! OPTOMETRY'S OBLIGATION
TO THE PUBLIC
To render and maintain for the patient that type and quality of vision
needed in his or her daily tasks. This cannot always be done with, one
simple and hurried examination and the prescribing of a simple pair of
glasses.
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j Pancake Flour V: 10*
l Kellogg’s All Bran • V°£ 11 *
J Salad Dressing MOTHER'S Jar 33 *
t Brown Sugar LIGHT Ctn. 7^
l Libby Olives Placed Queen Jar 22*
j£ Colonial Milk ■ ■ ■ ■ 3 sa 26*
J Dill Pickles um Qr 24*
J Ritz Crackers % 24*
* D. P. Vanilla extract Bottle 22*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
OLD
> DUTCH
1 CLEANSER
2cans 15°
Meats Of Merit I
*
FRESH HOME KILLED PORK *
FRESH HAMS JX lb. 35c 5
FRESH SHOULDERS lb. 32c *
FRESH PICNICS.lb. 29c *
TYPE 2, COUNTRY LEAN *
SAUSAGE. Pork.lb. 29c 5
GRADE “A” VEAL „ *
LOIN CHOPS.lb. 40c t
SHOULDER CHOPS.lb. 27c *
BEEF LIVER. . . . lb. 29c *
FANCY GRADE “A” LAMB *
SHOULDER T lb. 32c $
LEG O-LAMB.lb. 38c *
FRESH COUNTRY “TYPE 2” *
BULK SAUSAGE.lb. 33c t
■■ I *
NEW — FALL CAUGHT — SALT FISH *
CORNED MULLETS.lb. 26c «
CORNED HERRING 2 lbs. 31c *
^ Step into Our Garden
*
^ Sweet Juicy Florida
j£ Oranges ^ 47c
* Homegrown Green
l Cabbage 4 lbs. 15c
* — " --
>f Sweet Juicy Florida
t Tangerine? 5 lbs. 49c
iL, ___
Fancy Homegrown Savoy
l Spinach 2 ibs. 29c
J U. S. No. 1 Sweei
♦ Potatoes 5 Ibs. 29c
*■ »____
^ Fancy Florida Siringless
l Beans 2 Ibs. 29c
..
if Medium Size Canadian
♦ Rutabagas 3 lbs. 9c
f j Fancy Cuban
l Pineapple each 33c
J Sweet Juicy Florida
l Grapefruit 4 for 28c
f
f - - 1
Double-Fresh ^
Rich-Full Bodied Mild and Mellow
Gold Label Silver Label *
COFFEE COFFEE *
it 24* 2 £ 41* t
Libby's
Sweet Spiced
GREEN
Tomatoes
r1 28*
i _
/ CAKE tin_
/ p»esEo5L-- - ff;
/fiaftuS"il* /
/ jofe “ *£ /
'80ft?vL i.f.
*° «««,, W*/
Can 14* 1/
Best Bread Buy
Triple-Freih
SANDWICH
BREAD
IHb. \
Loaf A JL
If*
r
SWEETHEART I %
SOAP *
2 13* I {
PALMOLIVE i
SOAP | *
3 20* | *
PALMOLIVE t
SOAP *
I Jr
*
Jr
auper-ducis *
Med. Pkg* Large Pkg. M
91* 23* *
OCTAGON t
TOILET SOAP | *
2 ■ 9* h
OCTAGON *\
CLEANSER * j
Pk9*- 9*ij
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