A.'I'w o
lij'io
H
She
tht* eveitiiiK
There' uiid "Jn.'i
Wilh Thee *
CiLwriiii pupll^ i
peiii^i with titliei
bull Kttiiies lit liitr
s.vJ.S>l|i. Obeillii
xuiitf “No Ni«ht tJjiifii-lil ill
A ,'lu.Mr W.ilU iMiiiu MjJii.
id., hi ll
him
Niihi.l
• :j ^c
■ iii.idi
III" Niiun 'Ml'I.rniloii lit
( li.i\i> U4>. (hi- first ctiliiri-i
I'suii ill tht' iiorlil to i>u> 4 lirkct
sfi- lilt* lu'w. Kiy roiiuuilic
1.0,. -riir Brill.- tVi»n* Bii.its."
ii'iiiK Karh4r4 Muiivvyrh. Ko-
hert Cummings. 1)14114 l.yiui 4ii(l
Willie Best, whieli m-eiitly helii
itM Wiirld Brriiiiere 4( the Aiaba^-
s4()ur Thrutre. K4lei|th. Miss Mr-
I.eiidun is employed by Tlie
(itrulitiiitii.
Raleigh Personals
iiv • I'l.TI.’ UIf.Pil.K
t K Edinujiii
i"tii.->l $tudeli’
Ij.
-il J Wil-s-..
tlh.r.4 Hi-wlitt iiii-ler Bti.U
uolf i'u-oi-dlll:ili)r lul ’he Uei:
Sif-I!i4 Thela S.iuMf. left Kililny
i.iKhI toi her huioe 111 liiluii.
•1. He'.Meit wsa one •■( the Nj
tioniil officers of the D>lt4 Uorci.i
who 4i(t-uded tn the Ea-^lein Rnr
looal While in B:>eigh she Wa
hte eue?t oi Mu C T. Toole
ni(Ojl l-n
(ti.
.1 u.
po. ...I 4 pi. 4l M Mut!
AMR C'l.Kti'h, Sunday ni^h*
t^ti, rfi b lAi p m. The publii- 1
the tweiit..
e Kverpiee.,
e Club IimU '
Pit
iBip SOI III -
OB'ir i‘.ikii' ot the \\.V( pie-
tuiitl UiKilr, vitiu has just tr-
. .•J fii.in uier^tas dutv made
h>r- III I tup suiilh iihi-ii ^he
I •‘••I lie! juiii Miss Kv’4 Park-
)llJH:ir.-i -iiii> ilr iM-i’iiiin .
The lepoil Wa: ilia---
Ai. ..t Ihi 41.IUM-.:4iy Mrvu-t'
Si.iahil M..y 17 ;.l 'he .spjc-
bUlllihllH ol the Si-hi. 4itd
'll f Mil - y 41.il Note*. Fa I
Kw \l C.
r 1 ti.t h> Hei
l;.e .-p.
m1--
..t I
I f.- I I iin* SOI I il — Pvt
Iti'ir IMikii il the \\.\i pM"
'.jti.l :ii.oii. iihii has just le-
• i ri..iii u.i-i'4s (lull, iiiaile
h'.- lli i tiiji Suulh tiheii ■111-
■ : iioi I..I .iiilil .Ml--. 1(0-4 P.uk-
- . «i n : I ' W.il on -heel. 1(4-
hi'li it.riiMi. she lias aii'oiii-
1 .‘i.i III III'. Addle Broun of
Piiil.dilpl.ij. I'4. s|.(rr ut Mr--
t-jikti
The i.iiii.Uil iep..rt of the tWrilt.. :
.mill i.i.r;iv.-i-4i I oi 'he Fveipreeii ;
t'hb. di.i-loid l!ie Club huU '
. .d Ml.'a:if.-i '.nir- iis U’piniii-;
.1. lilli 'I'he lepiiii wu; iiibde ‘
known III ihi uiinivouaiy s.-rvici*' j
h.hl Suniljy. M..y 17. :.l the spac- j
loi - Liiilding of the Si.-lerM and j
Mioihi-i' - f .Mii'-v arni Hope. Fa I ■
H..i;.’.it t'.tiMt hVv M C. Wih't-rj
U..S Uie ?pe;ik«l, 4^.-l:•^«d hy Itev |
i:.l.p, i.l-i. ot thh. .‘Il\. I
1*1.' f-nh
H ,tI 1 01 IIMl
.h.s i:.oi;na B M-Nair left the
• itv vl.'iiilav i.if'ht lor Uutfalo. N
Y. after an extmd.d vi.-it with
tiiei.ov ‘.Vhlle m iln iHy ..li> Mr
. a> till; “oe-i 1.1 Mha Maini.'
Hi-ki and Mr.- th.Me H Chavu.
l:l'J Smith fdieel
Tl
- ll.lpn.
Mi
n.
We
Hand ( hib met will
I'h.iVi' 4'.t9 Smile
-dav iiiehl After
d..-- ,.1...
1 H..|. i I
' I d id i"
'I he tui
u. ! Ih..!--
ellloVed by all
. .1 .-..li .(.t 1*.
I seivir. s fni Mr Sam
ele held at the liOli'.e
Sii.ii Satin.lay at
lU at -1 :iil p m Oi
Iln- Rev 1; C I.i
nii.i-lei -I (•.)niie.>..tio
t'ni.irll lliteim.'ld UI- III -Mol
Hop- CVmei.-iy
l.V.nli: •'
lUil
l.t- I
:■ -..ton the Ch.illlii.i
- ■ . .Ml.,!
!] I I II-.. -I. II (' li.'
. • r-.l .. .1 • ..l.d.d.di-
Hi
Ji.iPe Che-!,.i I'a ; line.- M.-t.Vv
.1; Jhatl H.iiuloii Mr- ni.iiii'he!
•1 and .Ml-^ KU/.d.i-lh .Milrholl:
biolln-is Will Drake and Th«-:.-
Mllciiell ' I
.•ti.ll
I.
f
.1 . - ..nd to oHi.' mfo'
y. 11.1 I Alt.m- Coimi (t
.« , ; I iM .1 la.Ill'll not- d W.lll
... ill • • ' 'i,. i.eidid.de- tin. !
-id a -..mpli- b.ill-.t un
*•: .Ill’ll, '.liaid m 'I.e eiili.iiive
.A A Ih.- ■. VVCA
Tl.e I'oMi.- Ml...;- i’..mmil’.-e
"i . ... .• a. 1.'. nil- In ih. .-jily
\1i- Fh.u-Iiie H livilip. daimhier
f -Mr and .Mi- C tJ Iivm..:. Soiilh
Ka-t Street 1- 1:1 the ..tv for a It-ie
•lai- SI,.- IS I, Civil Seiviee em
ph.iti in Wii'hiiii'ltiii. U C
( IIWIS IlkKJITS
I'. nK. I I' W:e!.ii.;'lon ri.in
. : .Mond..,-. n. .,l..y “71-.
1 .- 1 e c-.| .111 ..nil .Mn. Cu!.-
, t W l-ii.oir Streei
!. • M:- l.Vit.a {'oLb Jinl
1 l-i. - Idel.l. M-
The Hi-v .M W Williams. l.K-a!
pii'lor iii.d iiiilh'.i. led early Moii
dai Inf Philadelphia. Pa, whir-
he' will viiiidml vl.i.s-ies III botii
• li.iit-li and SiiJiday Sih ul ivurk
a Ill. Will’- Roi-k Hiptn.l Church
Anthin lit “The Deai'on's Place ii.
the Ctiiiiiir and “Who's Wlm
Amoiiit Negro Bapti-ts In North
Carolina.' his iieir.and as a teach
er grow-; out of the popiilaiiiy oi
Ills b•'ok^
...V- —-
Or.l'TI.IN M'lWS
' hail.- f(..h.rs..i
....ra ..f Itl Cl...VI
..die Itoll
f ,1 • ll.ipt, t s.mih.v
. p:e.e..l ..t III :J0
I!!..
1
'inth
Mri. Si.'■an V Crump is viaUp.g
her dauj'hter Mn- Julia Crump in '
:sev. Yolk City, who is a «raduaift
■t Sh'.w Uiiiverrilv Mu Crump
1- al->. the mother of Jasper Crump
oi Wot haleigh. I
Mr and Mrs C. W. -Morgan cele- ,
Liniiii iheu birthday. May ItSih. -t
j dinner civi ii in hoie r of their
..i the iiuiiie of Mr and Mr.’;. Be.i- .
i.tinm .\1i.i^.in on Clniiiiberldiii
. i-. I'..,.0.1 ..t Ti-
' ..11" .M: \ i.
\ I. .U.p naiM. il J.n k
......., t. ce,K i:--!..
. ('...inlv ? ..faim-T
• n a« Jack thr vorm kiM.-r
.utt he worms tobacco i.l;c
.aih only b ;uer.
rie- Ttiai.gle Club l.eld iU weiJ;-
1'. n.eetll.g at the home of Mls-
J-.h'.-.e riai-y Tl.e club honored
.d‘ C W .Mor-'aii by showering
h-r ut.h .1 ..ny h.vely i-.ift-.. A mce
>el... t ol I e I'l.aili .Ilui cookie:
IV > d ny the ll■>atcsH
'Ihe I..,.Ill- .-^Iisil nv met at Hie
> n- -f -Ml- .-\ddu- SV’right .M-n-
:.l.v Jnth,
till la-t Sunday, lie tifth and
■ Venlli III .111- i huiii-es of the Obei-
Im School appealed .d the Oberlin
' Raiiti--t Church m h Tea They ren
dered foi.r spirituah. Joseph.ne
Trice, a member of the fourm
grade, was outstanding sclotst of th?
lu-y decisiuii. In this
Ctiilhetie and Woilli
1 .'L-or.- each. Wil-
ai.d Hubert Lewis
V- each; and Fred Wil-
1 .4.-ni*- Thi.- name uiia
till* Ubei-hii iCunipusi
and Joseph Hunter made 1 score year old boys of Oberlin. During Rev W. J. Cameron has been
each. this game, William Campbell mao. kind enough to help coach the
Last Tuesdiiy. Crosby-Garfield 'J scores. Majnrie Guthrie. Robeit Oberlin team. Mr. J.'.hn Baker serv>
egistered u IM-ti win over our boys. Kearney. Claude Kearney and ed "-1 '•mpi*-e for these earoefi.
•Schoi I dianuuid.
In the second came wnicli
held ’ll the Oberll'. fi-ld. the Oh.i-
hn b'i.vs v.ipliiri-u a G-3 lilumph ... .
nvi r Lui-iik- Hui.tei In HiIa guiiie The heavy weight teen agers of Worth Rochelle made 1 score each. Harold Dimston oi th* StSrentb
KoOirt Kearney. Freit William.->. Crusby-Catfield proved to be too ^ This game wa.s played at tlie Chavis grade is marble chambifn tor th«
Willie Campbell, Worth Rochelle, strung for the eleven and twelve Heights Center. Oberlin School Uus year.
C. P. 81L. reports to you
III
To Our Custemers and Friends!
The iniormutoin shown below is taken from out
Annual Keport lor 1945, a copy oi which has been
moiled to c-ach ot the 6,780 holders oi tiie Company's
preierred slock.
Tne most important occurrence in 1945 was the
end ci the war. Inasmuch as the industries served by
the Company were predominantly oi the peacetime
variety, the Couipuny is iaced with no major problem
ol reconversion or readiuslment. Its property is in
good condition in spite oi the ditiiculties experienced
in obtaining inuteriuls and manpower during the war
years.
Following the removal oi restrictions on the con»
struclion ci lines alter the end oi the war, the Com
pany began u rural electrification program which
ultimately wil! result in the construction oi some
3.300 miles oi lines to serve approximately 15.000
new rural customers. The largest item in the 1946
construction budget is the appropriation oi $3,500,000
lor the portion oi this program expected to be com
pleted during the year.
Tt should be of interest to our customers to know
that no curtailment ol the Company's service has
been necessary us a result of the coul strike. Since
the Company's generating iacilities are predominant
ly hydro, it has been able to meet all the demands-of
Its customers, and has supplied a substantial amount
of power to a neighboring company.
The Company recognizes its responsibilities to
its customers, iti? emoloyeet, and its security holders.
It supplies first class service to its customers ut low
cost, and it tries to induce them to make lull use oi
its service facilities. It endeavors to promote the
welfare oi Its employees by providing security and
stability of employment under good working condi
tions. It is an integral part of every community in
which it does business, striving at all times to be a
good citizen, and by its tax payments substantially
supporting the many public institutions so essential
to health, educalioa. and well-being oi all ciliiens.
.Qt ' B«*p«ctfu])y submitted,
1. V. SUTTOK, President
luaiily !• k>»llftbl » wnUu i* u«
ir*l orfic«$ «t ikt Cmmst U S4-
i«ub M r.
INCOME DURING 19457
i EXPENSES DURING 1945
TAXES
•: -'-ry ?t
A-j-;' '*
RATES
The FUTURE \
Tlie Cotiipaiiy’s l»45 tax bill was $5 57!»374 De-
ductiun:! fiuin iiveiuirs fur t.'i.xvs w-iv $5555,103. ur
the t-quivali-iit uf appiuXliiiatvly 3U veuls uul of eveiy
dollai of its optrialiiig rtvi-nues. Approximately two-
th'.ids of the Compaiiy's 1045 lax bill will be poid
to the Fi-deial (aoVTianeiit.
Indudi-d in Fedeial taxes Is the so-called excess
profits tuX. This was an emergency wsitime tax
levied on an arbitrary ba»is and avsigned a most
misleading caption in so far as It applied to this
Coiiipany, binie the C'oinpany had no exi-eamva war-
tune pUif.t!!.
The average price paid for electilc service by
household customer^ throughout the nation In 1945
was 25 per cent higher than the aveiage puce of
2 7 cents per kiluwatt-hour paid to the Company for
household electricity. Electricity it one of the very
few items that did NOT INCREASE in piive duiing
the war years. Today household cuatonicrs seived
by the Company can use. on the averag'.*, iiiore than
THREE TIMES as much electik-rty as they uaed
twenty years ago for the SAME Af'OUNT OP
MONEY.
All appropiiatiun of $3 50U.UUU to be
lofal electiii>i.4tlun. is tlie Imgesl item Ut tne Com-
pony » 194d loiisliui'tion budget uf $5M3.IMSd.
Upon the removal of reftiici.uiis on the con-
jUuitiwn of lilies 111 iiie toll of 1945. 'he Company
bceoii 4 new iuimI electritlitfl.oii piogi4iii whui,.
wnei. cuir.pieled. will ie>ult in an expenditure uf more
ituii $4U(Xftx>U and in the cumiroitiun ol 33uU miles
of I Ural lines to serve more man i5,0(Xi new rurai
cusiumers II is expected tliat me Cunrpany wiU be
able to compl>te at least rhree-founhs of this pro-
glam during 1943 Un this basis the CoOipany will
be serving $4 UUO lural lusiuiiiers finni approximately
bJiU ii.ilev of iiii.it h’.rs
\
Savings to Iht* Company by the eliininalion of
the excess profits tax will be siibstanti.dly less than
Ihe amount of stii-h lax. siiue that poilion of reve
nues which ha.s bi-tii iubject to rxciss profits taX
Will now be subject ti> Fideial iioiinal iiicome tax
and Ptdeial suit.ix. Eveii w.ih the riJuction in
(axes lesultltlg fi.Jin the levisloil ul tl.e Fedeial
ReveliUe Act. the piupultiull of Cutiipaiiv reveli..cS
that will be abi.-ibed by laXeS la 1940 wilt be suD-
ataiitialiy higher than fur must v,thcr types uf
ihdusiry.
In view ot the fact that rates charged by bus!-
ness-inanaged companies must pay fur all the costs
of doing business, lucludmg Udeiest on borrowed
money and taxes. Carolina Power & Light Company
Iras ri.ade a noteworthy record in keepii.g ave price
of electricity UuWN while puces geneially are
going UP, ^,
Tne coiistructlun budget as approved cor.lauuog
i.eaiiy wu difTerriii I'rms, miiudes tui.ds fur high-
vuitaye transmission lirir*. si.bstatioiu. liaiiafuimars
tubslation improvement and enlai aertieiA additional
equipment f-i proteiiioii against lightning and plant
ui.pU'vemeiit Fruvisioii w«a made foi the extct.sioa
of elr.liiv lines 111 towns and dies throughout the
svstein lu add about 5 000 new uibaii custumers funds
ai>o were approved fur tl.e puiinasc of new tmsees
trucks, and autoji.obilcs The Cconpany has liad busau
Oh older for eevetal years, nut tbose aveiUiaie were
d.>eried to deteuoe arcea.
CCAROLINA POWER & LIGHT COMPANY
BOARD OF DIRECTORS:
R B CARPENTER
Am.,:,..: s.vi.u, - ...J
R. LEE EU.1S
Piostasi.: Cuku-Oui, U.t
JAMtB L McN.iiR
U.SU. N.im Ca..
R M HA.NE3
L V SUTTON
Pie,:a*i.t ana Uei,«ta. stoi
kaieian. huxia Co-uiu,
J A. JONES
•asietmt«iv4sM ul rtoRsn.
Baistat. is..^ui Coi^ui
C. S WALTERS
V..a P>e».a«i.l
W H WEATHEKSFOON
V;., fita-Jai.i a,.a Cfcnaiat
Nona Cojauna
ALEXANDER WIBA
i Prtoideni. The N C iiaove
.'A li;sutM;ce CeBiOeay
Banun Martb CweOaa