Newspapers / The Carolina Times (Durham, … / Jan. 15, 1938, edition 1 / Page 8
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sMrm sHAW-^ Cmnammm4 PNt« .,ut «ii* th«- brUli»nt pbyln? •>» •!> dtap long frftm Uh- fourt untf the rul,, A The moat »^n*»tioii»l mnd «pe*e- ]>U3m of A* »*«« performed by I^cw- CM dropp«l two perfect Buffet Tables Acclaimed By Editors’ Jury from center «fcttTT to iaersuM th« Bulla Im4. €^tioa ami Boulwar* with fee *ld id th« two mo*t dangerou* plmjtn on the court fi'omra and Oliver con- 'roUUu|> .jcocei for .the QuIIa. With the fh-ing of the gmi, the gente ended Smith 44 »nd Shaw 8S. MaVafcle from Shew lira ■ t\f ♦Ka jramii LINCOLN lAiKETEERS— Ceatini*ii from peg* MTen centafftf »nd Strothenr 1 out, of 6 for .167. Miller had ope try, and mi»*ed. [ jlC tang vest, during w^leh isne| fc«*t tk«p| are la -T«Tnrnti’v nt T .yniveraity [ *h* draw of Ufa ihM h»»«i eaa- wlU eome^ to an- end wit}^ Ita final | tA.»raelwiiily -to ilf pr exan^lnntlon and another will got »•■••• of *»«• r*c». Hot only ar« anderway, awaitt the Lfneoln ther* eoniributloM but th«r« i>a.*4cetb«ll pUyefi. During Peb- j f«e»* which wm thould Iimow, rur*y they will resnme comntti* | !-•* «• «ne««Hon a 'faw ol tion, with colegiate oppoiition, ■ engaging member, of the M^d- j Banneker, i^egro «a- ler, made the flmt eloek Iped to survey and lay out WashJp^on, D. C. BY CHAKLEa OOOM) Fr»« par* fmeU foum^ them^gk ree^refc ud gaaaral ear- tmia amMiBg . tmlhf that w* •fconW know hava narar baan ralatad I* «• «t • whole, kaiie* th« Nagrf ha« not I>mm glvan tba prepar CltEDIT for hi* plaaa In tha worM, Y** kmmf mm4 ieei •boat our >3ra«t Negra hmJkr, ot Creedmoor * dent . *f CerpoMtiMi ^ s #ed iSe'Taat weEWtHET tmM West Ai«ocl6t|()n, l*ngB^n, Moyne, »nd possibly Bishop and I . WiU« I An attractlva buffet U created l|y th« use of Th* ¥we4l anti tree eerver, in the center, liden with detleaoiea, Offero • lompTJS w^lea fo“ II oeclon.. Th. Coffee Robot. In the uPl-j; h*mi corner, ti “top." In any pl.ee, for It. .utomaWe P»rfotmai^9 fclway. Buwantee. fre.h, dethileu. eotlee. Th. chromlMm eoektall eet, In th. Spptr left htnH corner, flr.eefully dwilgned by b^ next to It, ad*pt»ble to many compl«. th. perfect ».ttln# |«f a buffet repa.t. Gleaming chroniium ware U the B«west nole lu wbal the well- dreiMwd hulfen.TO ifcnT wekr. TTits is tBe' optittmr of « Jwy of home inagaUne editors who recently de- cttred tbat wise nof.tesse» will find products made of this sleek endur- inic metal certaii^ to enhance the atlraetlTenegs of buffet settings. Chromium products fashioned by Farberwsre hare been designed with a two-fold purpose—to be' decora- tife as well as useful. A boon to e«ry hwrtes* is the Coffee Eobot, an ingenious electrical coffee maker; entirely self-reliant once you have connMted the elec- jtrlc currwt. It brews the coffee, turns the current off automatically .when It is done, stirs it constantly, aud keeps it perpetually hot and de* jlicloBs—all without the slightest bit “TSnntnnra attention. ^ Hie well and tree s«rver, by Farb- erware. deserves a suprune posl- ’tlon on the buffet, for, In addition to it* smartness. It performs a com plete service. Tha center of the tray can be used for meat or fish, and tahlas and caaapeL It is provided with the advantage of a ribbed erys- tsl glass insert which is Ideal for serving cold cttts*mnd salads. The cocktail set is an important adjxttet to the holiday buffet supper, Th. chromium shaker and si* matching cups stand gleamlngly anxious to restore shrunken anpe tites and faded iplrits. Chemical anaiysia has proven that these pro ducts, plated inride and outside, trill not impart a metallic tast. to th9 cocktail. I^e punch bowl rightfully occu pies its place on the buffet Its use can be determined according to the last minute’s needs. It is ready to serve as a bowl for punch, salad, Irult, or.. Jmt »a a flecoratlte een-- terpiece. If you would be modern then- set your buffet table with this fine Farberware chromium. WHey. '■* ILImlted thua far this season to comiaetH^ott wllh Indepepdent teams, tJie Lincoln playjers th ^ight games have emerged vic^to- rfous in five and ammas^ed a 4q- tal of 917 points to the oppo nents’ SC'S. Teams played aiH3 de feated before the recent good- will tour are the 5culliri~ HtoeT Five of St. Louis,: Camdenton Club and St. Glair ,Club. the lat- tea. two w9iite ikeama of the sur rounding counties. Coach Ray Kemp Journeys to ^Frankfort, Kentucky, Friday The RUIside High School Foot ball Squad is to 1m honored banquet and dance Friday Night iti the i^^onqnin Hennli^ Club House. Titu entertainment la being mo&l^ You&g ladies 'haTe been •d to tke danee whkh will be given Immediately following th*. vlved by one son and twodaugh- Win- , atoo, 88 r**rt old of Creedmoor in Mmb* c*mmUtr !• N. C„ died at her home here ed by a aistar and aih«r rd»- in Granville County and is *ur prdgrmm and banquet. Hie Committee on arrange- In a group of NIegroda in Richmond. Va.. met t ooppose deionising Negroes “' In Ltbeiia, West Africa. ‘ irmn and financed by faetihy thank the fi^llow- the school and Ne^o baaine.,contribution which men of iSey Is commitlee, and an alumni^s of the f'hatrma^ of the businMs men. Theae jtwo people are making flji-Horate arrangements to make the affair a auccesa. Not only will this be an entertainment to close fdotJsall activities for the year but it-will also he a celrf>rt- tion of the team** winning tha. state championship. tert of Granville County, MR. JOHN HAIUtlS WateB Ceuirty—Funeral, vltea were hdid. - here last week for, ^ HnspltaU Janvta^ 5, Clyde * W38. He was burled In Waki County and ia survived by o)pe i^aghter and ^0 ■oni. Sirman ^rtS”fticuHy !B^orl*Dr^ ! John aarrls, 88.years old resi ^ T^ ^^llliAre (Dr. Y. D.^ Garrett, mp). dent ct Wake County who died school ia i-* . t s MgrT), Wm. Boykins( Dr. Donnell, R. Harris, C. J. Gates, I>, Gilmora, W. D. Hill, Dv. A. S. Hantji^ jf. S. Hu^ison. CoUtfge Inn (W. Jonas, Prop.) B. W. Kennedy, W. J. Kennedy., H. M. Michaux, 1!^ R. Meirick, J/ C. Scarbc^rough, Jr, CvSpauld- lHir» C. C," Spaulding, Dr.- J. £- Shepard, A. M. Shearin, J. T. Taylor, Atty. M. Hugh Thampfon W, J. Walker, E. L, WUson. SAM TAYUJR Sam Taylor, auicide victlMi, 45 years old-died here iMt waek in Lincoln Hoapital. Intamant was held is Itleechwood eametery. He is lurvived by wife and father. MR. JASPER REEVES, JR. Interment w»a held in Beech- wood cametery laat week ■ for Mn. Bother Hester gS yea» old jesidpnt' of Lynchburg St. Sbe is survived by a daui^ter and other relatives. John M. Langston was permit ted tc priictl'e law before fha U. S. Supreme Court. iRichard Allen Pounder of the AME Church was born in Phila. ITfllO. ^ ^ ' The banquet is seheduled to begin at 7:t5 P. M. at which time several prominent business men ^frill appear on program, l^ose who wijj ag>pear as gutst are: G. W. Cox, Director of At- i genta and Vice President of tha Nbrth Carolina Mutual Life In- surutee Company; Coach. Burg- diaelosed thaf he had no weapon hart,' NIorth Ca^oliifa College}; I Attorney R. O. Bverett argu- R. N. Hari-ii, Seeretary-Manager, ed to the court that even though T, D. PARHAM— CoBtinuad from ipaga pm» Vanho he ■ I Bankers’ Fire Insurance Conu- Vanhook ha4 a bad record that A Nocto slave firrt concelvod “"^5 W. G. Pearaon, Princi- Parham had used more foree u*n. 1 with o^eu^ of the^ Sel»QgUi-titiU> Ut*.. OJemiitted Lincoln athletic committee for the annual conference oi the Mid West Athletic body. Those escpoo- ting to attend the sessions from Lincoln are M:^. M. C. Hariman, chaiman, Lincoln Athletic Com mittee; Mr. Erio Epps, director of physical education at lincol i Mr. "Eiomas JH. Miles, Mr. Cecil Heariold, MrrT;*C. TqU and Jm, Parks. PALMER’S NURSE DIES— •no aSirf nioJ| paaa!)003 4 vice to. the d^eyeJciPinent of the ideals of the institution whjcn she served. She will be missed, but the mo- Mr. W. F. Warren, Supt., Dur>- under the circumstances, and Jasper Reeve. Jr., of 606 r’oa-’ ter St. died here, Thursday Janu- ^ ary 6th.^e ^ CALLIE HARRIS JHe is aorvived by hit auat, Mrs. | Anna Lyons. . Burial held in the Grove Hill Ceifletery. MRSi HATHE BRATCHETT Last rites were held for Mrs. Hattie /Eiratchatt 30 yrs. old of SI'S Elm St, who died Janu&rv 6, 19S8. She ii’^ survived by * hual«nd, daughter, mother and father. Interment was held in Grove i(lir Cemetery. Callie Harris, M yeaw old waa buried here laat week Jn Harris’ cemeteryi He ia fcurvived by hi^ wife, daughter and other rela tives. I' NA-CHaHiEL COLLINS Funeral service* were Jield for 2S years old Nathaniel Col- Report Of Condition Bank ^i' OF DURHAM & RALEIGH IN THE STATE OF NORTH CAROLINA AT THE CLOSE OF BUSINESS ON DECEMBER 31, 1937 ^ 'Assets ■ Cush, balances witln' other banks, and cash items in proce&s ^ of eolledion i.. $ 246,517.86 United States Government obligations, direct and fully guaranteed .'.t; .. 100,000.00 State. countyT and munit*ipal obligations 482,552.39 Other bonds, notes, and debentures .. .T.. 138,193.75 (’orporate,'stocks : . 39,235.00 . L ans and discounts ....» 404,442.44 OvTdr^fts ^ 186.10 Banking iiouse owned, furniture and fixtures 36,729J7 Othe:- real estate owned 34,l4o.05 ‘ Other assets . '3.. h-r.{ , 8,584.26 J - ^ TOTAL ASSETS i.,,... $1,490,566.62 liabilities''and capital . Deposits of individuals, partnerships, and corporations: (a) Demand deposits ; : $ 298i>£135.95 (b)ji,Tirae depflslts evidenced by savings pa^ b'ootes ...r..™..........'.. 411,770.50 (c)^ Other time deposits ; 17,544.12 United’Sfatra 06vefnment a^d pegjal sa^ii^^dfiposits 328,688.20 I State,•■eounty, and miinieipa} deposits .....v.......~ .T.;:;:.:...: ‘iJ9|790.24- Deposits of other banks .......i..,. ,...[ 11,613.78 Certified and officers’ cheeks, letters of credit and tfaveler§’ cheeks' sold for cash, and amounts due to Federal beser\|e bank (transit account) ...' , 18,509.43 -TOTAIi DEPOSITS i |....$1,200,961.22 Dividends declared but not yet payable 1,750.00^ Other liabilities 7,302.^72,- „ , . ( . TOTAL LIABILITIES EXCLUDING CAPITAL ,:,t ACCOUNT $1,210,013.94 CapiTat a’count: J ~~ ' J ~ '' * ' »■ > a.)iCV.pitaI stock and oapitaj notes and *tleb'nturesf $214,000,00 (b)-Sarp:-s ^ 30,000.00 e) l^divitl d pfofit^ 2,872.68 ., * , j(d) ReKerve-i-. 33,680.00 f ^e)'" *^ Total capital account 280,552.68 , ' ■ . ■ AJTXES AKD CAEITAJL „...$1.490,566.62. 0» De-cmbcr 31,T^57, the required legal rescrva against deposits of this bank ' Assets reported abuve which were eligible as legal reserve amoonted to $246,517,80. ’ tThis ba^’s capital ia represented by 10,000 shares of first preferred stock, par value $10.00 per share; and 4,5o0 shar^ of common stock, par $25,00 per share. , - MEMORANDA Pledged assets (c-xefept feel Estate), redjseounts, and securities loaned: (a). U. B. Goverpm^t (rt>ligatioas, direct and fully guaranteed, pledged 4o f - s«ettre liabilitiM — 76,000.00 * (,b) Other assets {except real estate) pledged to secure liabilities (includ- ■ ing note, and bills rediBCOunted ind swuriUes sold under reputehasi I ^ agruemeut) j - ;... .L 348,000.00 __—. ,, fi^tired~’aad preferred li»bilitie«; -f , , i (A) Deposits seeured'ljy pledged assets pursuant jtp requi|ement gf law 448,457.44 ^ it) - TOTAL ...i..,^4i^4^« _ r ' ~ I, R. IZ McDougald, of the above-ntm.^^d llank, do solemnly swear that the ~t-' .'«t»teinent i* true, and that it fully and cSJ^ectly represent* the true%iate Of ihe eyyeipl matters hereip contained and set forth, |tp tfai^ best of my fcnowledipe and 4— r—:——^ — ygrr.ft • rtttsni- —1|'. '■4- -i- --- ——=‘- •! .. u ■ ^ C. C. SPAULDII^G - ' — 8. JL. WABfiEN # * E, E. MEERICK V' Directors, * ei ttoHL e^lina, County pf Durham, , ’ «i*aet&6d before We this 12 dajf of January, l@38, and" I hereby ’ ^Jil'ftfy I mtfi •*' offiecr or dlroct br 97 thjs bank. , V 19B9. EUiAB. P£MS£^3^N, .Motary Public. ■■ In 1770 the first blood shed^**" SchooJa; E. ®. Avant, siiould be held ^or the graail[lina of 1206 Avery St,, who died for indewnrfehce' of colonies alumnus of the jury, LIZZIE I^ENNINGTOH ; Mrs. I^uie Pennington. 103 ^t«rpria« St. .iaai^ry 8. 1938. JULIA MOm Mrs. Julia Mpor of 420 Blade- well St. died' Januitry 7, 19SS. ^rom England was by a Negro. ‘ Bualnew Hriepus Attucka. Manager, Durham City Schools; L. E. Austin, EaitOT Caronna 1S70. Thom«»s Peteroon was **..«. Riddick. Coach «r»t Neero to vote in «ie V. S., Hillside High School Football ^he dav aft^r l«th amendment Team. The response to these re- had been ratified. 1S9S. N. C. Mutual Life Ins. Co.. orsraniaed'by John Menick artd Dr. A, M.'-Moore in Dtohnm N, C. ^ Over 2OO.O1OO Negroes fought as soldiers during the Civil’War, marks will be made by tfattbew Davis, Captain of the Htllslde Team, P. G. Burnett Asdatant Coach will .act as iKiaster ot eere- There are over 1*7T8,2I1 po tential Ne^o voters outaide of the Soutbem states. SAY YOU SAW IT IN T«E CAROLINA TIMES ^Tliere are only four Negro graduates of West Point Military mory of her .loving presence -wdll Academy. They are Flipper, ’87; ever linger within the walla of ( Alexander, '87; Col. Young, ‘8^; the Institution she helped to and Davis, Jl'., ’3(6. ~ build. Dr. Charlottf Hawkins.) Brown, president of the institu-! The above mentioned are aot tion, and Dean Ajpy , I*. lE'^es, j There are millions of other Dean of Women, accompalned facts that we should know. But the body to G^insville, Ga. where you muSt find these out for your- it will rest beside her Motligr’s} No one will ev^r tell you Although she Is resting beneath : and the only way to get the pro- the clayjn Ga., her influence 5n j per CREDIT for these facts^^lo her adopted state, North Caro- g*J^ into the dim dismal past Contest! It is not tpo January 7. li&S8. He is aurviV-nl Other vritness called were by a wife, mother and father, Loftin White and Ward Pkrham, •"d a number of brothew and 14 year old ion of the freed .eiaters. man, both of whom witnessed NERGO HiarrCMIY— Centlauad ffrea. pag* Week, The first, a ]|4ay entitled '“William and Mary Craft”, a sketch based .on. thfi, days of slav ery b^ore the Emanelpatlon Pro> - clamatlon. The characters Are the shooting. Mr. White'* testl- JAMES VANHOOK William C-^aift, HaJ-lod WhlU; mony corroborated that of I^r-I Funeral and burial was held E’len Craft, Martha Grady; ham’s. Ward told how Mr. Van- here, Friday afternoon for Jns. Aunt Mandy, Mildred Blgabee; hook had feone. to the printing Vanhook, 87 year* old who tyas Sam Junius ’Torsin; The sketch establishment earlier in tbe day shot last Tuesday evening, inter- is based upon Negro life on the of tbe shooting and slapped him'raent was bald .in the Beechwood nnner Mississippi befoje the down, Leo “Hownsend, 14 year cemetery, Vanhook is survived Civil War, old employee of the place also *>T his mothtr, Mrs. Edna Van ^ The second iplay takes place testified a» ~to^ the -^shooUac. ili* etated he did not see it iJl be cause he ran in the* rear of the placeSkfter^the first ■shot was fir ed and remained there it waa BICYCLE CONTEST IN FULL SWING and.aialer. !- tb.® J?u?* I - , ther n«^h in Baltimore,»» Mary- WYNDER MORGAN j land, it is based upon tba lile of Wynder Morgan, 42 years old, Ae ■greatest N^ro, ebator, abo- resident ojf 1014 Fairview St? Htionist, and joumaMat of pre- was buried here last week. He Civil war days, whose name was leaves a wife, Mrs. Magaline M. Moi^n and I other rslatives. In terment was held in Beechwood cemfetery« , • ' Frederick Douglass. The charac ters are:,.Fre Douglass, a youni? slave man, l^iomas D«vi»; Alin, his sweetheart freewoman, Thel _ma . Beatty; iKud, Annas brother, I Earnest Blaek; Jake, ' as old SALLIE BASS SalHe Bass, years old xeai^.l slaW," Aaron Smith. lina, will never cease to be a virtue and a precious memory to those who knew and held her dear. and bring them to lighb. When I this has been done you can say [ “Well done, my good and fa^th- ! ful servant!” Everyday Cooking Mii’acles * BY VraCINIA FRANCES Direci9r Hot^oint Eimetrte Co«k0ry fnUitutm Homemakers, we've, got a, real fouble-barreled sco«jp*for you today, t concerns an all-of-a-sudden choc olate cakie and a quick-as-a-iRash broiled butterscotch icing., No, that’s not a mistake—the word ly is "broiled.’* And as &eir names 3. Pour boiling wate over the mixture, * 4. Beat for about 3 miitutes, 5. Bake in a| cold or preheated oven. Temperature: 325°. iTime: 40-45 minutes. ' ' m t. The lersatile broiler of ihs electric range finds a new me in.thi$ delictout hroiled hnttefscoteh icing. f I , - ^ly, oiefC two delec.tablgs can-be made In ttoee shakes, of the well- known lanftb’a tail. , ^ It almo«r'Wem% tk if^this cake were thrown togethierwithout rhyme or reason. But jtist wait until your family pass their verdict. They’ll probably sentence you to a lifetim. of imldn^'this! cake with its won-. derfql broiled icing. Of course, we. must giv|| credit where credit is due and in tms case a lot of credit goc^ to the miracle oven of the Hetpoin'J electric range, where this^caW blos somed ‘into feathery-liigirtnes^- and reached lofty heights^ under the L magic of the oven’s heat-and-mois- ture control. Of course, in a way, you can't call this successful bak- mg "magic,”- because magic works, oiuy once in- a while, but th* mod ern electric oven cSn always be de pended upon to turn out a glorified “sometbing-to-eat." J\ -■■■: Her*!* the cake recipe: ...« rfV.fi.li-~ K IjUicie ^701 TO^WUiar cup riiortening % cup milk 1 «KK. 1% cups general purpose flour ^ teaspoon adt 1. Into mixing boWl place sugar, riu^ening, milk and egg (uhbMten)., 4. SUt into above mixture (but do ^ flour, salt, bak^f pow- r*»f/cb«oa aiiff fciaa; “ 1 ing powder U cup cocoa % teaspoon Soda ^ cup boiling water ^ As-yeu^-s.e, j4u «an bdte^ ji«ar cake in a cold er preheated oven, according to. your prelemKfts^ for there , are. "musts” in electric cookery. Of course, you will set yOur autonfatic timer,clock for the required baking time and let the chef’s brain, as it is caUsd, clock your cooking peyiod for you. And now for Tite broiled king. You can put t^e cake right on the plate m which you are going to serve and spread the icmg over ilt» 4«p of tha warm cake, wbuWc^it undcf “jRSpr sJhokeless-spatterless, even-browning electric broiler for. a few seconds and there you are I Here’s the recipe for a deli ciously different id^:- ‘ BroilaJ Buttarseatak Jciag 3 tablespoons 3 tablejpoooi butter cream (acaUed) Ya cup light Yx cup shreddy ' ‘Erovrn'sugar cocaBRit 'buttej-,. latel You may be the one to win! Enter your name with the Circulation Manager before. 4 o’clock Thursday afternoon so that you may be able to win this brand new Elgin Bicycle _for boy or l^rl! ' T—- The official standing as re- orted by the cinulafion manager at ^e close of last week’s en trants are as follows: Abraham Graham Lonnie Rogers Pbillips Robbins Charles Ansley Andrew Clemmons, Jr. Roy Crawford Percell Morgan James Rogers Nathaniel Clemmons Bldrige Coleman Linwood Thorpe Don’t forget boys that it is not too Ute to enter. The last person may be the winner. ReiPQirt your eales to the dEfe of the Cawllna ( Times before Monday evening at 4 o’clock. OPEN HOUSE b/^NCE- CoBtiaiiad from paga two tor, Haye^ Rsyton, Dramatic ©i- reetor, ^and Eugene Lorette; A«- aii^Ant Athlatie Director^ Social Racraation Program ^ At Canter Several sma|ii*coinmuinity so cials .have been«.held from time in~. time. T'he Center , social clubs. Brown |Bombers Glub, Three Star Club, %)id YMCA Social Club have held dances at the Center. Social activities of the "Wlhdsor^XJenter TSfff“tmder the direction of Miss X. Marie Allen, newly appolfifed Director of the Girls and Women’s A«ti!^ties of the Center, CQmmunlty .soci.'sls will be held regularly durinpr th^ yeaa according to the directors to ihclude dances", parties; social games, indoor, picniel, banquets j luncheons, teas; hikes and social Btimts,. 40ciaL, clubs at the Center already number a mra^ bership of over 160 young men and women. The Center staff is_ scheduling •, varied acti^ties in ^*th«Jtield of social recre^lon an^ cb-recreation, one of the recent trends in. modem * recreation and fpBy>lol Are being scheduled to serve school* teasbooft ba%- -^^’Add **ag*r and Uaad. liM SoSfeShltir teaspoon pas- - . r.-j xu.i,. o/.*L o^igWy. 3. Add cream and shredded co- coanut 4. Spread on cake while still hot, 5. Place on broiler rack. 5,* Turn s^tch *0 BROIL or ON> and heat until - glftwing red, iperature dbntrm to 550°;, 7. Set brgiter pan under s- Tetep.ratttreConn-ol:550^. Tlffiie: A ffw'iecondi. and arranging their social aeii- vitifls. Thii is one phase of the Servfee Biireau of the Eacreafcloii CoriuBfaaok IS1* Ceat!|y, an^- rtum ia also avaiWWfo ler the use at communl^ orpwO^MJa, such as Womea's CfuSbs, ‘^aternltiei^ dvic grobpa, and -fliher adclfl mtizitty i(^M activity. STATEMEWT OF CONDltiON Mutual Building And tban Asjsocition 7 ^ ‘ J of Dn^kam, N. C.« •• of December Slat. 1937 (Copy of awora .tatement .wlMBfttod to iaaiiraneo J _ 1- cemmisMOaar a» reqairiod by.bw.). ASSETS THE ASSOCIAiTION OWNS: Cash on Hand and in Banks — State of North Cai^olina ant V. S. Government, Mortgage Loans — — Money loaned to shareholders for the purpose of enabling them to own their homes. Each Loan secured by first mortgage on local im / proved real estate. ' . Stock Loans ^ Advances made to our shareholders against their stQCk. No loan exceeds 90 per cent of loa nse«ured by first paid In. Accounts Receivable —... ... Temporary Ad.Tances for l|iisurance. Taxes, Etc. ' *■ " Qftke IHiVniture and IF^tures Office Building Real Estate Ovraed $3>1,062.€9 Real Estate S«ld Under Contract 7,484.72 Other Assets 92,218.2^ .. 4,400.00 _ 179,889.55 JL^51.50 420.73 T10TAL iKltiewRW 003.00 10,000.00 38,637.31 1,168.14 f237,eS«,40 UABILITIES THE; ASSOCIATION OWES: * To Shareholders , | Fuads entrusted to our care in. the forih o > payments on stock as follows; Installment Stock $ 69,208.87' Full-Paid Stock 126,800.00 $196,N)8.87 14,100.00 Notes Payable, Other ^ Money ibofSowed^i-Tuse in nftakiKg^ limns *. members, or retiring matured BtQcli. Each note, approved by at least two-thirds of en- toe i^ard of Directors as requiried by Iftw. Accounts l^ykbie 7,180.^3 Undivided Proflta 10,888.02 Earnfoga held In trust for- distribution to, I shaj^e-holder* at maturity oi atoeU. - " ■ Besei^e for Coatingenciea To be used for the paymSB*. of any* losses, if sustained. , This resewe Increases the ^ . ufety and steng& of tfaw AMociation. Other liabilitiw 1 9,427.72 TOTAL 1,838.81 $237,998.46 S^te of Norflj Carolinai County of Durham. £. T. T^|.A«yi».yr AMociation ipersonally appeared tlje^re me this day, and duly wvorh, th» fawning yegMyt- j>eet nt ^ bii know^ed^e and bellaf,-^^^^“ , ■" T " ^ - ' i McDOj(W^©, . ' :" " Seeretary-Treaaurer, iSworh to and subscribed before me, this IS day of Jgnmrr vm - ' ^ t ^ , 3 . . SiiNA B. WESCBEB70N, Nol«ry.«S»bUe My Commissien Kcpipar July W, 190^. — ,v-
The Carolina Times (Durham, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 15, 1938, edition 1
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