Newspapers / State Port Pilot (Southport, … / Dec. 7, 1949, edition 1 / Page 11
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^ciDS SECTION I H^ . ^ are farms. But ^ are manv thousands : *, r.onfarm " dwellings, Churches, stores, com *bing* similar faC' lities. REA borrowers also serve thousands of rural industries and other commercial enterprises. Many of these rural industries themselves are operating on a co operative plan. As of Aug. 31, 1949, REA had] advanced $1,327,045,633 in loans j to its borrowers. Under REA loan contracts, advances are made I as the borrowers need funds with i which to pay for construction that i Tea members can rely on...?4 \testinghouse SieftfcZfafM ilf! See It! See It! fe big. new Westinghouse that syou perfect baking results any te in its spacious Miracle Oven feits Best Looking design that paN'ew Look to your kitchen Try its Best Cooking perform i tor real mealtime satisfaction! NEW SURFACE COOKING CAPACITY! Four, speedy Westinghouse Corox Units! New, bonus work ing space between units lets you use four 10-inch utensils at one time without crowding! NEW, Simplified COOKING CONTROLS! . . . Out of the Steam Zone! No more reaching over hot utensils . . . Tel-A-Glance Switches for every type of surface cooking, Single Dial Oven Control. Yx/eank J^../?/#YVi>Stinflh()USe I odd Furniture Co. WHITEVILLE /IS ALWAYS FIRST WITH MODERN EQUIPMENT?" TO BETTER SERVE YOU We have just purchased and placed in service the most modern equip ment available for the transfer of patients. This beautiful, comfortable Sedambulance is especially suitable for longer distances. PICTURED BELOW IS OUR NEW ? MODERN ? COMFORTABLE SEDnnBULflNCE ?-More Comfort for Potients-IEspecially on Long Trips) ??Air Conditioning Units for Your Comfort Winter or ? ? As Worm ond Comfortable OS .he Patient, Own Bed, Wmter Summer. . . ... ? r ?-At, Foam Maftre,, .... ?? Special Air-Ride T.res ??Ample Room for Other Passengers. MEARES Funeral Home Phone 166 WHITEVILLE is under way or completed. The difference between the amonmt of loans approved and the amount of funds advanced represents loan funds that are obligated to borrowers. Most of it has been further obligated fey the borrowers to fay for mater- ; ials ordered 'for 'tpe earliest pos- | Bible delivery and will be ad- 1 vanced as construction proceeds. | As of Sept. 30, my, tne bor- 1 rowers had returned to the Gov- i ernment $213,033,367 in principal 1 and interest payments on their REA loans. This included $19,782, 981 in payments on principal ahead of schedule. Only $965,241 was reported more than 30 days overdue. Only one REA loan fore closure has been necessary to date on an operating power sys tem; it was on a loan that had been made to a commercial power company. REA has made more htan 95 percent of its loans to coopera tives organized under state laws by rural people seeking electric. These groups which make up about 92 percent of all REA bor rowers are local independent pri vate business enterprises. They I are controlled by their consum l er-members through boards of I director H?fcted annually by and | frotn ? the membership. Rural electric cooperatives have 'proved the most effective instru ment for carriyng out the REA program because of their advan tages as a method of making reasonable-cost electric service available to farmers in rural areas. These advantages include: 1. REA-financed cooperatives operate on a nonprofit basis. This enables them to provide electric service at cost to their members. 2. Directors of REA-financed cooperatives are elected because of their known interest in mak ing electric service available to rural people at reasonable rates. They serve without compensation az?d keep operating expense at I ? the lowest level consistent with good service. 3. Members of REA-financed cooperatives also are interested in eelctric service at reasonable cost. | For example, they help reduce operating expense by voluntarily feporting potential pauses of ser vfde Interruptions sutjh three: limbs touching the lines. Moat' of j them read their own meters, and many make out their own bills. 4. Previous experience of farm- j ers with other types of coopera tives helps them to organise and operate rural electric cooperatives on a sound basis with a minimum of effort and expense. Lines constructed by REA bor rowers are built to serve entire areas, including less (tensely set- 1 tied sections as well as those of ( greater population. This is known as "area coverage." "Wie teat is , no longer whether an individual line or section will be self- sup- j porting, but whether the entire ! system as a whole is feasible. This policy has become increas ingly important as the rural electrification Job has progressed. ]Only through area coverage can I electric service be extended to many of the rpore isolated farms, and to others, which are remptety situated ! in "picketed"! areas far resojpved fropi ^ Any, i established, soiree of :po^er*? ( ' < u \ In every region in the United States rural electric cooperatives, have demonstrated that farm electrification, far from constitut- j ing an additional cash drain on low farm incomes, actually bripga about a higher real farm income and better farm living. It brings more business into rural com munities. It encourages new local enterprises which come about when low-cost power is available. It stimulates private business, both locally and nationally. Sur veys indicate that for every dollar invested in rural power facilities the farmer invests an additional $4.50 in wiring, plumbing and 'electrical appliances. | The use of electric power in term production and processing is constantly expanding'. To date about 400 farm uses for electricity have been reported. Electric power on the farm is an economic necessity wttlch can pay' its *ray with handsbme profits for* he farmer. Quittance is given "con sumers on REA-financed liner as to which uses are the most Effi cient and the most profitable in these times of power shortage In the State of North Carolina, at the time RE A was establish ed, only 9,672 farms, or 3.2 per cent, were receiving central ?Sta tion electric service. REA esti mated as of June 30, 1946, that 240,209 farms, or 83.6 percent of all farms in the State, were ser ved An estimated 47,203 farms In the State still were without service. Read The Want Ads. We're PROUD of the Contribution of our Bus mess to THE CYCLE OF PROSPERITY / j ? ^ . ? ... In This Community During The Past Decade Of Progress YOUR ' STANDARD OF LIVING GOES UP WITH RURAL ELECTRIC WIRES vo.1 ? .r ' When a local farm is connected to the high-line of our rural r electric cooperative, it means the beginning of a cycle of i sound community prosperity in which everyone benefits. Hie extra dollars of farm income created through the use of electricity mean extra sales for stores selling appliances and other goods? which means more money for the local theater, pharmacy and all other businesses. , This means more income taxes? and more state and com munity taxes which we pay as a co-op. It means more money to build a better community. We are proud to be one of the 950 consumer-owned rural electric cooperatives financed by loans from the Rural Elec trification Administration, which have carried modernliving to 21/2-million rural establishments in the past 13 years. We are equally proud that our local business has been able to make a contribution to the cycle of prosperity which af fects the farmer and the city businessman alike. Brunswick Electric Membership Corp. A Local Business ? "OWNED BY THOSE WE SERVE" SHALLOTTE, NORTH CAROLINA ' ? ' * . V ' ?' *V'.
State Port Pilot (Southport, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 7, 1949, edition 1
11
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