Soil Conservation
In Wilkes
By R. E. DUNN and
JASPER G. CHTFMAN
The poultry farmers in the community
round Champion, N. C. are
doing a very good Job of soil
conservation. The farms being
mostly hill country are best suited
to pasture and hay crops, and the
farmers all seem to believe In
right land use. They are using the
manure from their poultry house
to grow some of the best grass
and clover to be found in Wilkes
county. Most of the farmers feel
like by growing cattle on the pasture,
what we might term the second
use Of their chicken feed will
pay almost as much In cattle production
and erosion control as
did the first use In poultry and
eggs.
Edmund McGee a young man
who is now studying forestry at
N. C. State College has a fine
wildlife area on his father's farm
just west of Champion. This area,
consisting of Bicolor and Serecia
Lespedeza, was sown over two
years ago on land that was not
convenient for farming.
Mr. U G. Triplett, whose farm
Is near Mt. Pleasant Church informs
us that only a few years
ago he was advised that his farm
was no longer fit for agriculture.
But by the use of strict soil and
water conservation practices such
as right land use and terracing,
he now has a beautiful farm of
small high producing con crops
and good hay and pasture land.
Ill reclaiming an old farm down
Highway 421 "Dr. Bob" Brame a
local druggist, is constructing
some very good terraces.
REPORT OF CONDITION OF
The Bank of North WHkesboro
Of North Wilkesboro, Wilkes County, In the State of North Carolina
At the Close of Business on June 30, 1950.
ASSETS
Cash, balances with other banks, including reserve
balances and cash items in process of collection _
United States Government obligations, direct and
guaranteed
Obligations of States and political subdivisions
Other bonds, notes and debentures
Corporate stocks (including NONE stock of Federal
Reserve Bank)
Loans and discounts (including None overdrafts) —
Bank premises owned $40,189.79, furniture and fixtures
$13,871.56
Bank premises owned are subject to NONE liens
not assumed by bank).
Real estate owned other than bank premises
Investments and other assets indirectly representing
bank premises or other real estate
Customers' liability to this bank on acceptances outstanding
Other assets
TOTAL ASSETS '
$1,752,6*3.84
3,938,428.06
206,723.60
84,000.39
1.00
2,494,999.23
54,061.35
NONE
.NONE
NONE
21,624.04
$8,552,460.51
LIABILITIES
Demand deposits of individuals, partnerships, and
corporations . £3,509,251.69
Time deposits of individuals, partnerships, and corporations
3,753,616.63
Deposits -of United States Government (including
postal savings) 89,187.04
Deposits of States and political subdivisions 361,964.60
Deposits of banks 67,309.26
Other deposits (certified and officers' checks. etc.)_. 14,894.26
TOTAL DEPOSITS $7,796,223.54
Bills payable, rediscounts, and other liabilities for
borrowed money . NONE
Mortgages or other liens, on bank premises and on
other re^JLestate NONE
Acceptances executed by or for account of this banV
and outstanding NONE
Other liabilities 137,392.25
TOTAL LIABILITIES (not including subordinated
obligations shown below) $7,933,615.79
CAPITAL ACCOUNTS
Capital 150,000.00
Surplus ' 400,000.00
Undivided profits 57,617.26
Reserves (and retirement account for preferred capital)
: 11.227.46
TOTAL CAPITAL ACCOUNTS $ 618,844.72
TOTAL LIABILITIES AND CAPITAL ACCOUNTS $8,552,460.51
This bank's capital consists of: First preferred stock with total par
value of NONE, total retirable value, NONE; Second preferred
stock with total par value of NONE, total retirable value NONE;
Capital notes and debentures of NONE; Common stock with total
par value of $160,000.00.
Total deposits to the credit at the State of North
Carolina or any official thereof $ 27,620.801
MEMORANDA
Assets pledged or assigned to secure liabilities and
for other purposes 1,927,449 28
Obligations subordinated to claims of depositors and
other creditors, not included in liabilities None
(a) Loans as shown above are after deduction of reserves
of 50,230.93
(b) Securities as shown above are after deduction of
reserves of 28,856.40
I. W. B. GWYN, Cashier, of the above-named bank, do solemnly
swear that the above statement is true, and that it fully and correctly
represents the true state of the several matters herein contained and
set forth, to the best of my knowledge and belief.
W. B. GWYN
Correct.—Attest:
m J. R. HIX,
W. D. HALFACEE,
R. G. FINLEy,
Directors.
State of North Carolina, County of Wilkes, sa:
Sworn to and subscribed before me this 10th day of July, 1950,
•ad I hereby certify that I am not an officer or director of this
T. C. CAUDILL, Notary Public
My commission expires October 14, 1950.
Parkway Event
Postponed Year
Blowing Rock — The situation
in Korea hag postponed the dedication
of the Bine Ridge Parkway
for a year.
President Truman was scheduled
to dedicate the scenic mountain
highway at Doughton Park
(formerly Bluff Park), and the
date was tentatively set for Aug.
12.
Howver, the Blue Ridge Parkway
Associated Chambers of Commerce,
meeting here yesterday,
decided to postpone the dedication
until June of next year. The
new tentative date is June 9, 1951,
during the height of the purple
rhododendron season. The site was
not set, but it will be near the
North Carolina-Virginia border.
Ben F. Moomaw of Roanoke,
Va., a vice-president, made tht
motion to postpone the dedication
when the group was Informed
President Truman would be unable
to attend due to the international
situation.
Grover C. Robbins of Blowing
Rock, president, said all plans and
committees would be held intact
for next year. R. Getty Browning,
chief locating engineer of the State
Highway Commission, is program
chairman.
Parkway Superintendent Sam
P. Weems of Roanoke, Va., announced
that two new links in the
parkway would be opened Aug.
12 as scheduled. They are 42 miles
between the James River and U.
S. 640 in Virgina and about 25
miles between Mount Mitchell
and Asheville.
o
Macedonia News
We had a good attendance at
Sunday school Sunday. Several
visitors were present.
Mr. and Mrs. Grover C. Burchette,
also Mr. and Mrs. Charles
P. Burchette,. of Winston-Salem,
were the Sunday dinner guests
of Mr. and Mrs. Clyde Burchette.
Mr. Q. J. Crater, of Hyattesville,
Md., visited his sister, Mrs.
Clyde Burchette, and family k
few days last week.
Mr. and Mrs. T. A. Guiton, II,
and little son, Tommy, of Graham,
were the week-end guests of Mrs.
Guiton's parents, Mr. and Mrs. W.
F. Tharpe, and other relatives.
Mrs. Tommy Cousins and son,
of Morganton, visited several of
her relatives in this community
last week.
Mr. and Mrs. Glenn Bradley
and Mrs. W. F. Tharpe and three
daughters, Lowaine, Beatea Mae
and Helen, visited Mr. and Mrs.
Ed Poplin and family, also Mr.
and Mrs. Henry Poplin and family
Thursday night.
~o
Denny Grove News
The Third Quarterly Confernce
of Denny Grove Church will
convene July 22 and 23. On Sunday,
the 23rd, at 7:30 p. m. the
Rev. L. B. Speas and his choir
from Rickerds Chapel will conduct
the services with the Rev.
C. W. Bailey of St. Home Church
a master of ceremonies.
Denny Grove chureh will celebrate
its '69th Anniversary July
24-30. Dinner will be served no
the grounds Sunday, the 30th, at
2 p. m. Dr. W. S. Dacons, Director
of Evangelism of the A. M. E.
Zlon Church, will be the guest
speaker at 3 p. m.
Held As Atom Spy
ESCORTED by an FBI man, Julius
Rosenberg, 32, (left) enters New
York's Federal Courthouse after his
arrest as an atom spy. FBI Director
J. Edgar Hoover describes the former
Signal Corps employee as "another
important link in Soviet espionage
apparatus." (International)
NOTIGE TO DOG OWNERS
It has been reported that several dogs in the surrounding
community are at large with rabies. It is
very necessary that every precaution be taken to prevent
other developments.
Dog owners are required to confine their dogs
to premises Or produce a certificate showing that
the dogs have been vaccinated as provided by law.
Authorities will take the necessary steps to dispose of
dogs running at large and which have not been vaccinated.
J. R. HENDERSON,
Wilkesboro Town Clerk.
Gilreath-Vickers
Marriage Solemnized
Miss Mary Gwyn Gilreath,
laughter f Mr. and Mrs. G. M.
Gilreath, of North Wilkesboro,
Etad Clifford Vickera, son of Mr.
»nd Mrs. G. A. Vickera, of Route
Dne, North Wilkesboro, Were united
in marriage In High Point, on
Tuesday, June 27th. The ceremony
was performed by Rev. E.
P. Seagrams. . . A.1
ADVERTISEMENT FOR BIDS
North Carolina, Wilkes County.
The Wilkes County Board of
Education will receive sealed bids
in the Board of Education Office
in Wilkesboro, North Carolina, un
til 10:00 A. M. Monday, July 81,
1960, for the drilling and easing
of 6-inch wells on the following
school grounds.
Mtn. Crest School in Brushy
Mountain Township, Wilkes County.
Union Township School in Union
Township, mikes County.
Mt. Pleasant School in Lewis
Fork Township, Wilkes County.
Millers Creek School in Reddies
River Township, Wilkes
County.
Each proposal shall be accompanied
by a certified check drawn
on a Bank or Trust Company of
an amount equal to not less than
five (B) percent of the proposal
or in lieu thereof. A bidder may
offer a certified check of two (2)
percent plus a bid bond of three
(8) percent of
will be retained
Education as liquidated damages
in the event of failuxe of the successful
bidder to execute contract
within ten (10) days after fh*
award or to give satisfactoujiSpcurity
as required by law.
Specifications and descriptions
may be had m the Board of Bdufcation
Office in Wilkeaboro,
North Carolina.
The Board of Education reserves
the right to reject any or
all bids, and to waive informalities.
This 19th day of July, 1960.
BOARD OF EDUCATION OF
WILKES COUNTY, NORTH
CAROLINA,
C. '0. McNEELs Chairman.
7-27-2t-(T)