.T
inehols It U1 w!th
^ tttaek of flu. Friondt hope for
•H'ewly roeorery.
• Hanee, of Newcastle
TOFMhlp, WM here Saturday looh-
I.IOS after bnsiuess matters.
d(r. X>ewey Byrd, of Koarins
Btrer Route 1, was a-pleasant
deller at this office Saturday.
Mrs. Comtlla Pierce is critically
Mi at the 'home of her daughter,
Mrs. Com Siler, near Purlear.
(Mrs. Bettie Beachnm, of Polk-
tta. Is here Tlslting her daughter,
M^. A. L. Aycock.
■Mrs. Myrtle Freeland Is oon-
flued to her home suffering from
an attack of influensa.
Mr. S. W. Queen was In Char
lotte today looking after hosiness
matters.
Mr. D. E. Treadaway, citizen
of the Pores Knob community,
was In this city today looking aft
er business matters.
Miss Janie Gilreath, ra.'Jident
of the Wilkesboro star route com-
nunity, -was a visitor In this city
aturday.
Messrs. C. H. Sturdivant and
Roy Myers, of the CUngman com-
mnnity, were here Saturday look
ing after .business matters.
Mr. Calvin Church, well known
'♦eeldent of the Millers Creek com
munity, has been very ill during
the past few days.
r
Mrs. Duncan Mclver, of Salis
bury, Is visiting here in the home
of Mr. and Mrs. Prank Tomlin
son.
Mr. Mansfield Robinson, well
known citizen of Brushy Mountain
township, was a North Wilkes
boro business visitor today.
Mr. John AUen, who holds a po
sition in Kannapolis, spent the
week-end here with his parents,
Mr. and Mrs. K. M. Allen.
Mr. Howard Colvard is having
an attractive new home erected in
the southwestern part of (Wilkes
boro near the residence of Attor
ney T. R. Bryan. His brother, Mr.
Sherman Colvard, is expecting to
build a new home near him in the
near future.
★
ASK ABOUT
THE RED STAR
HORTON’S CUT-RATE
DRUG STORE
I
Eller’s Flowers
POTTED PLANTS
CUT FLOWERS
funejr-al designs
—FINLEY PARK—
Telephone 398
North Wilkesboro, N. C.
We Consider Our
Prescription
Department
,»or UmUj do.*®'- ^
Mane is needed he will pre-
Then bring “8 your
acriptions. They
as yonr doctiw or-
a fresh stock of
i-^^at HORTON’S mon-
prices. Two regis-
on duty at all
!i.5?*^(^ie) Reins
Look for the Red Star
k abbot the Red Star
'ilortdn’s Cut-
^tePriig Store
Mr. A. J. McNeill, well known
resident of the Purlear oommnn-
Hy, was a pleasant caller at The
Journal-Patriot office Friday.
Messrs. P. B. Brown and C. E.
Jenkins are spending two weeks
at Sealy Springs, Alabama, at a
health resort
Friends here regret to learn of
the illness of Mrs. S. Q. Myers,
of Ijenoir, who was placed In a
hospital Saturday.
Mr. Gwyn Kilby resumed his
position with the Red Cross
Pharmacy today after being 111
for a week with Influenza.
Mr. T. H. Thompson, proprietor
jof Thompeon Re-Treading com-
I pany, is able to ibe out again fol-
j lowing an attack of flu, friends
jare glad to learn.
[ State Highway Patrol Seargent
I Carlyle Ingle is 111 ■with flu at
}hls home on Trogdon street.
Friends hope for an early re
covery.
Miss Agnes 'Elledge, daughter
of Mr. and Mrs. D. E. Elledge, of
,this dty, spent the week-end in
(Taylors vUle with relatives and
i friends.
Mr. Charles Sink, Jr., student at
the University of North Carolina,
spent the week-end here with
his parents, Dr. and Mrs. C. S.
Sink.
Mr. and Mrs. L, L. Critcher, of
Boone, are spending the winter
at Boomer with Mrs. Critcher’s
sister, Mrs. Victoria Wall, and
Mr. Claude Howell.
Mr. Edd F. Gardner, manager
of the Carolina Mirror Company,
was out again today following a
several days’ illness with Influ
enza.
Mr. A. H. Taylor, of Newton,
was a visitor to the city Satur
day. Mr. Taylor is a former resl-,
dent of Wilkesboro, and has many
friends In this community.
Mr. and Mrs. Chal McNeil and
Mr. and Mrs. J. A. Brown visited
•Mrs. McNeil’s and Mrs. Brown’s
father, Mr. J. G. Tuttle, at Stone-
ville, Sunday.
Messrs. W. W. Harris and A.
W. Greene, were North Wilkes
boro business visitors Friday.
While here Mr. Harris was a
pleasant caller to The Journal-
Patriot office.
Friends regret to learn of the
critical condition of Mr. J. I. My
ers, prominent citizen of this city,
and hope that he Improves In
health. He has been 111 for sev
eral weeks.
Mr. W. A. McNiel, president
and general manager of North
Wilkesboro Coca-Cola Bottling
company, is attending a regional
convention of Coca-Cola bottlers
in Gulf Port, Miss., this week.
Mrs. M. F. Brown visited her
son. Attorney J. M. Brown, who
is a patient at the Davis Hospital
in Statesville Wednesday after
noon. His condition is reported as
much improved.
Miss Ruth Osborne, a senior in
nursing at the Davis Hospital in
Statesville, and a niece of Mr. P.
E. Brown, spent Sunday in Wil
kesboro visiting friends and rel
atives.
Mr. J. G. Myers, of Halls Mills
postoffice, was among those
spending several hours In the
I city Ftiday. While here Mr. My-
I ers paid The Journal-Patriot of-
I flee a. pleasant visit.
t
I Mr. J. O. Brewer, prominent
|citi;:en of the Dockery commun-
I ity, was a visitor in this city to-
day. Mr. Brower Is in good state
of health and remains very active,
we are glad to state.
Miss Mary Nelson, of Raleigh,
former member of the North Wil
kesboro school faculty, spent the
! week-end in this city as guest of
Miss Kathryn Troutman and Mrs.
H. V. Overcash.
The Journal-Patriot is pleased
to receive a renewal subscription
from Mr. C. S. Prevette, former
Wilkes citizen who is now a prom
inent citizen of Blowing Rock,
where he is engaged in the real
j estate business.
I Miss Hessie Wall, member of
the Newton school faculty spend-
I ing the week-end at her home at
I Boomer, received word that New-
! ton schools will be closed this
week on account of a flu epi
demic.
Mr. Walter Presley Johnson, of
Sparta, formerly of Wilkesboro,
will enter Wake Forest College
next week for the study of the
ministry. The Baptist church of
Sparta formerly granted him per-
mlwion to preach December
thirty-first Mr. Jjbnson has
many friends in this section who
wish him every success In his
work. He is a grandson ot Jfri.
0. F, Blevina of Wilkesboro.
Dedrion k-Hnal
Congressman Writes Pa|rty
Leaders In State, Says
Mind la Made Up
Washington, Jan. 19.—^In s let*
ter addressed to the chairmen of
the Democratic county committee
of the ninth North Carolina disi
trict, Representative Robert L.
Doughton expressed the hc^ that
his friends will accept as final his
decision to retire from public life
at the end of his present term. He
expressed the belief that if the
congressional leaders “understood
fully my side of the question,”
they would' feel that he had
“reached the proper decision.”
One such letter, placed in the
mails today, was addressed to W,
S. Pattersim, chairman of the
Democratic executive committee at
Taylorsville. The letter follows:
“Dear Mr. Patterson: Wire of
January 17 signed by yourself and
other members of the Democratic
executive committee of our con-
gfressional district, including the
chairman of the district committee,
Mr. Guire, should have been an
swered earlier. However, I have
not been feeling well for the past
two or three days, and moreover, I
was at a complete loss to know
just what to say.
“Ifour wire touches the deepest
emotion in my heart and it is the
most distressing thing I have ever
had to do to feel that I cannot
reasonably comply with the ear
nest request you all make.
“I remember and appreciate the
many successful battles you all
have wagged for the DIemocratic
party, as well as for my own elec
tion, and I had rather be accused
of almost anything than in any
way evidencing ingratitude. How
ever, my decision was thought and
pondered over for months before
final announcement was made and
I believe, if you all understood
fully my side of the question, you
would feel that I have reached the
proper decision.
aay aeco^nti MPihle ndr borrow
ed money Itt our sUtemOhf of 'li-
ablllUeA^v ’’
Tour board of
l^een osotlngs during Mie year
ot 19*9, whoB|M w^^gre t«ly re
quired by l«w^,io hol'd tiri^ve.
^.Wlth your penalsOlon VlU
now submit to you thU following
facts and figures regarding activi
ties of the association for the
shares of Installment stock and
year of 1939:
We began the year with 10,824
we had issued during the year
4,290 shares, matured 287 shares
and withdrawn' 8,159 shares,
leaving total number, of shares of
Installment stock In force as of
December 81,. 1989, 11,668. Our
full paid stock we began the year
with 4,147 shares. We had Issued
403 shares and withdrawn 308
shares, leaving in force aa ot De
cember 31, 1989, 4,242 shares,
which makes a total of 15,910
shares of Installment and full
paid stock In force at this time.
Stock retired during the year
through withdrawal and matur
ity, amounted to 8140,591.00.
We paid to our stockholders in
dividends as follows:
On full paid stock 816,244.46,
on stock withdrawn 89,036.42', on
stock matured 85,166.00, making
total of 830,446.88.
I find on reviewing the prev
ious year's report that we only
paid 826,387.41 In profits to our
stockholders, which means that
we have paid 84,068.47 more in
1939 than we did in 1938.
We made a total of 167 mort
gage loans during the year divid
ed as follo'ms:
83 loans for construction of
new homes in the amount of
8109,300.00; 27 loans for the
purchase of homes amounting to
$40,150.00; 6 loans for refinanc
ing homes that were heretofore
financed through other Institu
tions, amounting to 816,900.00,
and 51 loans for other purposes,
mostly refinancing loans already
held by our association, amount
ing to 8123,160.00, making to
tal amount of mortgage loans to
our stockholders during the year
“Moreover, by this time others! j $289,600.00. We had 98
who would gladly have support^ yg„
me for renomination have made ’ .. . .
and are making their plans to be
come candidates to succeed me.
Therefore, I trust you, as well as
other members of the executive
committee, may be ■willing to con
sider the matter as settled.
“I sincerely trust that the dis
trict may make a wise choice in
the selection of my successor, as
we have an abundance of material
from which to choose.
“There are no words io the Eng
lish language ■with which I can
adequately express my deep and
heartfelt thanks to you all, and as
sure you as a private in the ranks,
so long as I live, I ■will give you
my best co-operation in working
for the maintenance of Democratic
principles and the success of the
Democratic party.”
NORTH WILKESBORO
BUILDING AND LOAN
HAS A GOOD YEAR
(Continued from page one)
have been apportioned to the in
stallment stock were .06310416,
which you will note is approxi
mately 6 1-3 per cent. In addition,
your directors have set over from
our earnings into a contingency
reserve, the sum of $5,500.00
which, of course, is subject to
the approval of the stockholders
in this annual meeting. As here
tofore, 'we have matured our in
stallment stock on a basis of eigh
ty-two months. In former reports
I have advised you that this is
perhaps the shortest time that
any associs.tion matures, as some
of them have to mature as high
as eighty-four months or more,
or rather that is the information
I have at hand.
I have also advised you In for
mer reports that we were requir
ed by the department having
jurisdiction over building anl
loan associations, to set up a con
tingency reserve until such a re
serve amounted to at least 5 pi r
cent ot all the installment and
full paid stock. With the addition
made to our reserve for the year
of 1939, we now have $24,000.00
in the contingency reserve ac
count, and on the .present value
of our full paid and Installment
stock, which amounts to $766,-
163.00, actual amount paid in,
we should have a contingency re
serve of nearly $38,000.00. By
the time we get this reserve built
up to Its full quota I am of the
opinion that our association will
have approximately $1,000,000.00
In resources which means that at
that time we should have a con
tingency reserve of $50,000.00.
On our present earning basis, aft
er we get this reserve built, then
it will mean that money loaned
to our shareholders ■will be loan
ed at a lower rate than 6 per cent
for reason that we will have to
mature In less time than "we are
now maturing.
Our statement of condition can
be found In The Journal-Patriot
of today’s Issue and you will no
tice by referring to this state
ment that we do not show any
accounts receivable nor real es
tate In. ear statament oC
a-
mountlng to $229,100.00. We
have estimated cost of new homes
built through our association and
homes purchased In North Wil
kesboro and vicinity, dur'ng the
year of 1939, to be in round
numbers, $286,300.00, which
means that we have again added
a considerable amount to the tax
able 'values of property in trar
community. We have at this time
396 mortgage loans and 43 stock
loans.
Our records also indicate that
there are 912 white stockholders
and 7 colored stockholders, mak
ing total of 919.
In no case are we loaning more
than 66 2-3 per cent of the ap
praised value of real estate and
not over 90 per cent on stock
loans. Your association does not,
nor has it heW, any second mort
gages. All loans have been ap
proved by your directors and such
action noted In our minutes. Each
loan jacket contains a final cer
tificate of title from our attorney
and also the signature of the
loan committee who went and
personally examined the property
offered to the association as col
lateral to the loan applied for.
Our statement of operations as
filed with the Insurance Commis
sion ot the State of North Caro
lina shows that we had a gross
operating Income for the year a-
mounting to $46,969.64, and ope
rating expense ot $4,307.73,
which Included salaries, taxes,
stationei-y. printing, postage,
bond premiums and miscellaneous
other expenses. Deducting the ex
pense from the gross income for
the year, leaves a net Income of
$41,661.91.
At the beginning of the year
of 1939 we had an undivided
profit account of $31,451.18, to
which has been added from the
year’s operations the sum of $6,-
391.92, making a total now In
the undivided profit account,
which belongs to the installment
stockholders, the sum ot $37,-
843.10.
I will now, with your permis
sion, submit to you a statement of
the assets and liabilities
ASSETS:
Cash on hand and in
bank — ——^ 26,088.66
U. S. Government Bonds 7,6O0.00
Mortgage Loans 766,150.00
Stock Loans 16,242.00
Office Porniture and
iF^ures 300.00
Other assets 3,383.24
total 8817,663.89
LLABHJITES:
Installment Stock $380,963.00
FuU-Paid Stock 424,200.00
Undi'vided Profits 37,843.10
Reserve for Contingen
cies ——— 24,000.00
Other liabilities 667.79
and witiiont
•obmittod fo^Uoinir in
past semnl ymn hKf- {|Q0S
promptly considered and if
proved, the loans rude
At no time since prior to the
prMpkn have wn had to ask
on# to> wait Tw thrir ra>aty, 'm
funds have been more ..Hftir
quate to^take care of al) demaf^
ma^ on the association. Tmn
have been many thnes ettpeda^
during the past twelve nKmihs,
that we have had too mneh money
idle. There has been aa much as
$50,000,001 in the banks that was
not earning anything.
In OQT 1938 report we showed in
on^ assets UniM States Govern
ment Bonds that have since been
caUed, and dne to the high cost of
bonds we have not been able to
purchase bonds tp'take their place
that pay a fair rate ^ prafits. We
have, of conrae, aa yon will note fa
our statement as assets abore.
United States Government Bonds
amounting to $7600.00.-®,-^-These
bonds are known as "United’States
Baby Bonds,” pnrehased throogh
the local post office, and inaanmeh
as we have not had them for a foil
twelve months period, we cannot
set up any earnings wtatever on
these bonds, and then at' the end
of the first twelve months we can
only set up $10.00 per thousand.
These bonds, if held the foil tmi
yeaie, ■will net the assoeistion
$2500.00, but if withdrawn eariler
the profits will tunonnt to bat
very little.
Such in brief Is the story of
this association and its progress
during 1939. We enter a new de
cade of the twentieth century
with business prosperity within
sight on the one hand and some
grave unknowns in sight on the
other. The long-feared armed
conflict between three of the
great powers of Europe has come
to pass. Forty years ago it would
have caused little concern among
the small savers of the United
States and the wage-earners and
most of the salaried people who
own homes. But the world has
grown smaller by communication
and transportation and our own
country has grown in Importance.
Consequently, the uncertainties
arising from war are still to be
reckoned with and even the ap
parent determination of our coun
try to stay out of the War does
not remove all uncertainties as to
its effect on our standard of liv
ing or our future. Be that as It
may, the American citizen who
has a growing savings account,
who is thus providing for a com
fortable margin of safety, and the
citizen who owns his home and Is
retiring the debt on it systemat
ically has eliminated a great part
of the uncertainty of life and
means ot livelihood as far as his
family is concerned, no matter
what happens. And the members
ot this association can face the
future with that assurance, which
is most valuable.
We face a new year and a new
decade of the 20th century. This
Institution is aware that a great
opportunity to expand Its services
has been created by the condi
tions of the past few years. Sav
ings and loan has grown In Im
portance and In public recognition
in the course of the great busi
ness depression. It has proved In
this trial of hardtlmes and mis
understandings that its basis of
operation is fundamentally the
soundest in the financial world.
We have a plan ot operation
which is easy to understand. It
is our hope that the members
will join us in realizing onr great
opportunity, that they will assist
us in making contacts with other
persons who may be seeking
sound investments or economical
and up-to-date home financing.
Let us continue to work together
In this Institution, in this time
ot dawning prosperity, for the
advancement of our communities
and for the entire home owner
ship and thrift position of our
country.
Respectfully submitted,
' J. B. WILUAMS,
Secretaiy-Treasurer.
W. M. R. CHURCH
CLAIMED BY DEATH
(Continued from page one)
TIOTAL ...$817,^.89
I anl sure that it is gratifying
to you as stockholders to be re
minded that your association is
continuing to grow. Tour Sec
tors have, as fa fonaer yean,
efforts
been nntirfag fa theic efforte fa
lookfag after the awodation ai^WHk^riMro.ri
faany .iam of
Ton irlll find that we do not have vafamlfa Ume ts ^
ties until a few weeks before his
death, and attended church serv
ices regularly.
He ■was a staunch Methodist
and was one of the founders of
the Adley Methodist church,
where he served as a member of
the board of stewards.
During his ministerial career
he preached at a njimber of
churches In this part of the state,
and leaves many friends saddened
at the news of his passing.
A large crowd gathered Sunday
afternoon at Adley . Methodist
church to attend the funeral serv
ice. The body Ue in state far one
hour preceding the service at
2:30 o’clock. The rite* were con
ducted by Rev. J. M- Green, pas
tor, assisted by Dr. W. J. Flint,
pastor of the Wilkesboro Metho
dist church. Judge Johnson J.
Hayes talked at the servke, pay
ing hi^ tribute to the life' of
Rev. Mr. Chtueh.
Burial ins in the family plot,
in Monnlaln Park cemetery
inilmof^
ley Hunt and W. S. Hubbard.
An abuandance ot beautiful
flowers were a tribute to tbs ee-
teOm' fa which rIv.' Mr. Chunh
>iraa held.
The obituary as read at the
tquMal foUows:
W. M. B. Chuydi was bom oh
the North side of the Tadkta
River, within about one mile of
his residence st the time ot bis
death, on November 36th, 1864,
and ^ed at .his home near Adley
church on January 19th, 1940,
at four-fifteen p. m. at the age
ot eighty-five years, one month,
and twenty-four days.
He was the son ot Joel and
Margaret Edmisten Church,' and
is descended £ram two of the old
original familiee, settlers of
Northwestern Nortjh Carolina,
who did BO much toward the
building of the present structure
of our country.
On the 11th day of September,
1879, he iwas married to Carolina
Triplett, daughter of ’Thomas and
’Theadosia Dula Triplett, which
■whs a union of two other pioneer
families, who then owned and
lived at the Goshen Farm on the'
Yadkin River, and were among
the founders of the Methodist
church fa this territory. To this
union were bore five children,
three of whom died in Infancy,
and the other two, Spurgeon S.
Church, of Troutman, N. C., and
Mrs. Daisy Church Willard at the
home survive him, with their j after,
frmilies.
After the death of the first
■wife, and on the 26th day of June,
1889, he married Eliza Ann Trip
lett, sister of the first wife to
which union one child was bom,
Roby R. Church of 'Wilkesboro, 1
North Carolina, survives him,
with his family, the second 'wife
having departed this life on De
cember 12th, 1932. He also leaves
surviving him nine grandchildren,
three great-grandchildren, and
the following brothers, and sis
ters: M. S. Church, and John T.
Church, of Wilkesboro. N. C.,
Mrs. Jane Nichols, Fayetteville,
N. C,. and Miss Maggie Church of
Winston-Salem, N. C.
It is Impossible at this day of
wealth and ease to properly ap
praise the lives of men and wom
en of the age ot the deceased.
They were born to a childhood of
sadness and gloom of approach
ing, acting and receding Civil
War, and in close proximity to
the worst of it. They saw the
death, destruction of both life
and property at a time when It
would appear that they would be
little inclined to attempt to re
store, and rebuild their homes
and country, and to a great extent
this was true, making it harder
for the leading few to carry on
their work In preparation for, and
in the work of reconstruction.
The deceased was one who had
the vision of rebuilding the great
structure of the present, he had
a body fitted and suited for the
hardships through which he must
travel, and a mind and soul that
was made more brilliant, and
more energetic by the condition,
and more determined, and -with
this equipment he started his life
course by making good his time
in the crude, and brief public
schools, and finished his educa
tion at Moravian Falls Academy
under J. F. Spalnhour along with
the student body, whose strength ^
and ability have been felt the na
tion over. During this time he
walked from his home on the
North side of the Yadkin River
to Moravian Falls, a distance of
six miles, crossing the Yadkin
River twice dally, and after com
pleting his education he became
one of Wilkes County’s Public
School Teachers, making long
trips from his home to his work
on foot, and with this he brought
with him to the youth of the
country a sparkling spirit, who
saw, and had the ability to point
out to the youth of the land the
silvery lining to the darkest
cloud, and sent them joyfully,
and earnestly on their way to a
higher and better life. He was one
of the founders, and maintalners
of the first Public Library ever
to be organized in Wilkes County.
■Wink. The many tblnfa^hat
mad» seod in did nht^proefaii:
from a ffadrle mind or Inek of da-
to do one thing ■lyoll,
but £^m naieessity of hla time) to
fill all places and fill thorn wMl
in which he on^icoeded, and
brought them all along together.
In this busy life he also conceiv
ed the idea that in the rasb.ol^.
life, the people of this state were
neglecting thtf memory of their
dead, and falling to mark
their last resting places. With
this coavlctloh’ he took emp)0fi$i
nlent from The Carolina Haride'
and Granite Company of fialfa*
bury, N. C.,' and for eighteen
years he travelled ever the WmH •'
ern half of North Carolina, in'
this work, and a great portion M
Weidern North Carolina, and mat
with excellent succees.
In hto early youth be became
a member of the church, and'
through his mature life wee a
leader in the Methodist church,
and a Steward In the church, and
for forty yekre was the Record
ing Steward of his CireniC He
was the leading charter member
of Adley Church, and bore a
greater part of the burden oC
building, and maintaining' It.
Thus ends the busy, brilliant and'
useful life, which we can only
now respect, emulate, remember,
and gently lay. his body away to
await the awakening ot the her^
Why Nobody’s Sorry Rugsia'
Quit the World’s Fair. Charles
Yale Harrison, Famous Author,
Lets the Daylight Into a Ooeet
Stuffed ■with Scarlet Skeletona.
Don’t Miss His Enlightening A^
tide on the Removal ot the Bed
Star, in ’The American We^y
Magazine ^Ith Next Sunday’s
Washington Tlmes-Herald, Now
on Sale.
Ads. get attention—and
Don't COUGH
dskfor MENTHO-MUlSiON
IF IT FAILS TO STOP YOUR
COUGH DUE TO COLDS ASK FOR
YOUR MONEY BACK 75^
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manent Wave For
$3.00
All Kind. Of OU Treat-
ments At Reduced
Prices
MAYFLOWER
BEAITTY
SHOP
—PHONE 189^
Mrs. Jake Churdi, Prop.
Notice
This is to notify all property owners
and o^era in North Wilkesboro town
ship required' by law to list property or
poll for tazsttion that
Saturday, January 27,
wUl be the last day for listag. List mm
and a'vt^ the ru^ and pco^ty pre
scribed' by law for failure to |Rst.
List Taker for North Wakfdbdrtf
-
PaU twartta
wn, T. JBa . Boope, Btaey