Newspapers / The Cherokee Scout (Murphy, … / Oct. 11, 1956, edition 1 / Page 9
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iwsmm - AAA Tests Prove New Power-X Eliminates Power-Robbing Engine Deposits j TtSTS of DMr Sinclair Power-X Gasoline with X- Chemical ware conducted by the American Automobile Aeeoriation Using both new and old cars, tests ware equivalent to 4 years of typical driving. Exclusive | X-Chemicol | in Sinclair Power-X I Increases Power in Older Cars Retains Peak Power in New Cars v CUTS OPERATING COSTS IN ALL CARS- Because it eliminates power-robbing engine deposits, new Sinclair Power-X Gasoline increases power, cuts operating costs as you drive. 90% MORE EFFECTIVE than any other gasoline additive in ( _ preventing spark plug fouling. (Other gasoline additives actually build up harmful deposits of their own.) 70% MORE EFFECTIVE in preventing power loss from pre ignition. After just 3 tankfals of new Sinclair Power-X, you can feel the improvement in power and performance. ALL CARS NEED IT - ONLY SINCLAIR HAS ITI See your Sinclair Dealer and power up with new Sinclair Power-X. d NEW SUPER-PREMIUM GASOLINE SINCLAIR POWER L JUST LIKE A FURNACE... BUT WITHOUT ALL THE COSTLY DIRT COLLECTING PIPES AND REGISTERS SIEGIER*? working together on ONE fire to hoot ovory room in your homo ! HEATMAKER No.1 PLUS HtATMAKE* No. 2^ 9 Tha pomrad-air, fan* baat * Mm. Room tir U forced through tha haart at tha hot taat fin...ud poorad <rm fefkr k arf a tfK? batar Hat nM larf Wf lb Hmmj ui M Hm ctllafl fwdag yaa la ttw la MM rf IM mu. Starf* barf ? cMlni taki phrf ?rt apaialMMail Sitfltr Is a rtvolvtiMory mIM of WAMM FLOOR HEATING /? $vry mm BUT iRNOUT OOtTlY MKT COUBCTMO ffB AM tHRTBt r M 100K-4m1 U t*hw4 kr m Ma??l Fanners Home Officials Discuss How the credit needs of a larger number of farm families can be served by the Farmers Home Ad miration under recently enact ed legislation was discussed at a agency officials ^ku V, W6?k at George Van derbilt Hotel, Asheville. l*e new law provides broader authority to assist family-type armers with loans to improve and operate their farms. It also author izes, as a part of the rural devel opment program, loans for operat ing and developing farms where the farmer has part-time employ ment off the farm. Included in the broader authority are loans for re financing existing debts, and an in crease in the maximum amount that can be advanced for operat ing loans. ^ AU of the present loan services o the Farmers Home Administra tion which include loans for the op eration development and purchase of family-type farms, farm h<*is ing, soil and water conservation, and loans to meet emergency cre dit needs will continue to be avail able. Taking part in the meeting were Horace J. Isenhower State Direc : "el?an Higgle, Ralph Turner and Buck Buchanan of the State Office, and Joe Cash and Paul ughrun, Area Supervisors. County office employees of the armers Home Administration in Cherokee, Clay, Graham, Buncom be, Madison, Catawba, Macon !^S?n' Swaln' Henderson, Hay wood, Burke, Watauga, Caldwell, Yancey, Transylvania, Mitchell Avery, Rutherford and Polk coun ties received the new instructions and are now ready to process loans within these broader authorities The loans to refinance existing dews win t* available until June 30, 1959 to owners of farms no larg er than family type. These loans will help farmers who have ade quate real estate security and who are otherwise in a sound position but who are unable to meet their Pr^?.nt credit obligations and need credit on more favorable terms and conditions than is currenUy available from other lenders. debtS are refinanced by the FHA the payments will be schedul ed according to the ability of the borrower to repay. In the past, the agency has only refinanced exist ing debts when the refinancing w.,s incidental to the making of a real estate loan for purchase or im provement of family-type farms. There is a limit of $50,000,000 a year on the amount of this type of credit that can be extended on an insured basis. Insured loans are made by the FHA from funds provided by priv ate lenders. The loans will bear 3Vi percent interest plus a 1 percent insurance charge. The amount of each operating loan made by the Farmers Home Administration is based on the needs of the applicant and his abil ity to pay. In addition there is a ceiling on the total indebtedness of each operating borrower. In the past the maximum amount that a borrower could be indebted has been set at $10,000. Normally the credit needs of borrower can be met within such a ceiling. How ever, under the new law when a borrower needs additional credit be cause of the type of farming opera tion which be proposes to carry out, loans may be made up to a total debt ceiling of $20,000. No more than 10 percent of the, annual appropriation fot operating loans can be used to make loans which would cause a borrower's indebted ness to exceed $10,000. The operating loans are used for the purchase of equipment, live stock, fertilizer, seed and other farm and home operating expenses needd to carry out efficient opera tions on family -type farms. The in terest rate remains at 5 percent For the fiscal year 1957, $165,000, 000 plus a contigency fund of $15, 000,000 to be used if necessary, has been appropriated for operating loans. The increase in the maximum limits of these loans will enable the agency to serve farmers and ranchers in areas where heavy investments in machinery, live stock and farm operating expenses are necessary. Operating loans are repayable over periods up to 7 years. Under the former law no new credit could be extended to borrowers who have been continuously Indebted for 7 years. Hie new law increases from 7 to 10 years the period dur ing which additional credit can be extended in hardship cases when the Inability of the borrower to re pay Us indebtedness within 7 years is due to causes beyond his control. nL will also he available apsh apb Lochs w ffl a lso be available *-s A ?11 flTMl MBQ Administration Credit Program farm income for their livelihood, and who are conducting' substan tial farming operations and spend ing a major portion of their time farming, ueh operators must have dependable sources of outside in come. The primary objective of these loans is to help farmers who live in area designated for the Rur al Development Program, who are unable to obtain enough land re the inability of the borrower to re pay his indebtedness within 7 years is due to causes beyond his control. Loans will also be available for operating and developing less than family-type farms if the applicants are established bona fide farmers farmers who have historically re sided on farms and depended on farm income for their livelihood, and who are conducting substantial farming operations and spending a major portion of their time farm ing. Such operators must have de pendable sources of outside in come. Tre primary objective of these loans is to help farmers who live in area designated for the Rur al Development Program, who are unable to obtain enough land re sources to develop full-time farms. The interest rates and terms on these loahs for operating and de veloping less than family-type farms will vary depending upon the purpose for which loan is ob tained. Loans tot operating ex penses will be repayable over periods up to 7 years at 5 percent interest. Loans for realestate de velopment will bear changes of 4V4 percent and will be repayable over periods up to 40 years. These loans will only be made when the applicant's income from his farm and other resources ap pears adequate to enable him to meet living and operating ex penses and to repay his debts. The new act also Extends until June 30, 1959, the authority for special emergency loans and in crease from $15,000,000 to $65, 000,000 the total amount that can be advanced for these loans. Spec ial emergency loans are made in in areas designated by the Secre ary of Agriculture to enable farm ers to maintain their operations when they are unable for a tem porary period to obtain needed credit from other sources. At present no areas have been desig nated in this State for special emergency loans. All of the new loans, like the loans already available from the Farmers Home Administration will <4 BIG STUFF Ot LITTll (TW . . . Woodcutting's * Ffi?y vim THI NEW h HOP^LITE CHAIN SAW / hevet iwiu< ? rut a caan i u? been developed that has so much power, so little weight and is so essy tn handle. Starts quickly . . . cuts faster through big hardwood or soft pulpwocd trees . . . ani keeps on cutting with minimum main tenance. It's so simple !a opr-''1 that no ex perience is neccsnry. " The new Homehte Model ?-*u is not only packed with power, but it's convertible too. Clearing aiid Brush Cutter Attachments savi you time and money by doing many other wood cutting jobs moie quickly and mote easily fnn you'v iver done them before. Slu,. .1 today If m frt* domomtralion, and ask about avr Tlmo Paymtnl Fiaa. RADFORD SAW SERVICE Dial VE7 - 2419 MURPHY, N. C. LOST YOUR KEYS ! - DIAL ' VErnon 7-Z4VU CITY LOCK SERVICE Key it by Code or DapUcttfoo OomWmtloni Ownged .. be made only to applicants who are unable to. obtain adequate credit from other sources. With most types of loans supervision in the development and carrying out of balanced systems of farming will be provided. Broiler During the week ended September 29 there were 1, 3*7,000 chicks plac ed with broiler grower* in North Carolina This compares with a total of 1,314,000 placed during the preceding week. Placements in the Central Western areas totaled 1, 261,000 last week compared with 1,267,000 during the week before. Hatcheries in the State set 2,215, ? 000 eggs for broilers last week com pared within 2,177,000 set the week before. For the same period broil er chicks hatched totaled 1,677,000. WEW aad USED TIBES Eieetroiite Batteries COOK TIBE SEBVIICE HI W ASS EE ST. .'DIAL VE7-J#t? .. Next Door To Cherokee Hotel RUPTURE-EASER T.H. B<! O.S. r?L on. I A PIMr lm Twmu awr" ^S495s A strong, form -flume sraababie ?if> port for reducible InrulnaJ hernia Back lacing adjustable, maps up ui front, ?dilutable 1m strap. Soft, fiat rr n pad. No ct*el or leather bands Frr ?id, wtacB, children Mai! ord*r? rive measure around lowest part ef ?sem, sUto right, left side, double. MAUNEY DRUG CO. MURPHY, N. C. Miss Stinson Addresses Teachers Miss Nell Stinson, president of the N. C. Classroom Teachers Association, spoke at a meeting of Teachers of Murphy Schools Tues day. Miss Stinson,. a social studies teacher at Needham Broughton High School in Raleigh, is on leave of absence from the school this year while she serves as head of the CTA. Miss Stinson said the CTA's pur pose is to strengthen the NCEA and the NEA and to develop a high code of professional ethics among classrooms teachers. She was introduced by Mrs. Constance West president of the Murphy Chapter of NCEA. Sev eral Cherokee County Unit teach ers also attended the meeting which was preceeded by a social hour during which punch was ser ved. They're Here 1 NeiV INTERNATIONAL Heauv-Duty V-8's ! With the most GO unc~, any truck hood / Com* in and m* the tracks deliberately built to save you the BIG money under today's traffic conditions! Three treat new V-ffs-206, 226 and 267 hp! New Intbnaiional V-Line! More power per pound! More GO . . . more KEEP GOING! Shorter trip time! More ton- ' miles per gallon! Thstod in more than 2,500,000 miles of actual fleet opera tions by profit- minded truckers with a gimlet eye on costs and performance. Their conclusion: "GREAT, on every count!" / We'll be glad to show you the detailed reports when you come in to look over these gnat new, heavy-duty V-t's. And wbaf s ? batter time than today? World's most modora V-? trvek footer** ? "W?r MptomrfUs txhan* Vohr* OvMm ? PmMvi Volv? IoMwi ' ? Exhaust Vol** Focvs and Scats of S??l!ll? ?'19 lb. Aluminum Bywtml ' ?,W*h ? Cob
The Cherokee Scout (Murphy, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 11, 1956, edition 1
9
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