The Wilmington morning star., 1944-10-22
CHERRY WANTS
DEBT RETIRED

w1NsToN-sALEM, Oct. 21.|R-
r. Gregg Cherry, Democratic nom
inee for governor, last night called
for the complete retirement OF the
state debt from funds row IN the
states Treasury, and said any fur-
ther surplus funds should be used
"for purposes other than current
expenditures.
In a major campaign speech pre-
pared for delivery here at a rally
OF Forsyth county democrats, Cher
nv said fund of at least $4,000, 600
should be set Up Immediately to
assist returning war veterans. ana
that still another revolving + u n d
should be established to assist the
counties in meeting post : war con-
structon needs.
1.-THE state should be prepared
further to meet the costs OF federal
aid whenever it is made available
FOR the cooperative expansion of
educational and road facilities. At
the same time, reserve fund
should be set aside to cushion
against any sudden economic stu
alton the state might be called on
to face in the future he said.
for the state, Cherry said that re-
Celebrating on his financial plans
for the state, Cherry said that re-
tirement of the state debt should
be from a revolving fund of up to
$42, 100000, earmarked especially
for that purposes. Various exit
mates have placed the states cur
rent general fund surplus at $70,-
100000.
The fund aiding returning war
veterans, he said, SHOULD be in
addition to the federal and state
unemployment funds already avail
able, and should be administered
through the veterans service center
Already established" Such fund
would be available for the Gimme
diate needs" Of returning veterans,
he said.
The state also should be prepared
to meet the states share Of the
costs of cooperating with the feder-
al government in taking care of
the educational needs of veterans.
The state will be called upon to
aid in improving facilities for this
program, he said.
The various counties are going
to need considerable help from
their state government in rebuild
ing local school facilities for post
war educational expansion" he
said. "A fund should be establish
ed as soon as possible for this
purpose. Such fund would also
take care OF requests for aid in
permanent improvements at state
institutions"
Turning to the matter Of high,
ways, the gubernatorial nominee
said the current highway fund sur
plus should be used for rebuilding
only, and to 'tgive first considera-
ton 10 rural sections of the state
b enable farmers to get to mar
kets, churches and schools"
Our major highways will need
considerable repair after the war,
but the first concern is for the
state, which has assumed the bur-
den Of all roads, to carry out it's
duty and place in all year road
at the service Of every rural citi-
zen.''
The state now has a highway
surplus fund of more than $4,000
600, comprising state and federal
monies. At the same time re-
building and expansion program
calling for the expanding of more
than $50,000,00O as soon as labor
and materials are available Is be-
ing planned by the state highway
and public works commission.
Cherry, who appeared at a rally
OF fifth district democrats at Reds
vile in the afternoon, touched on
education, social security, public
health, and aid to the needy in his
address, and concluded by urging
q careful re examination of the
taxing and fiscal policies of the
state it such is found necessary to
promote the welfare of our people
l.