Page EIGHTEEN
THE PILOT—Southern Pines, North Carolina
THURSDAY. FEBRUARY 28. 1957 %
————— I ——
YEARS
OLD
Bellows
Bourbon
BELLOWS & COMPANY,
DIVISION OF NATIONAL
DISTILLERS PRODUCTS CORP.,
NEWYORK,N.Y.
STRAIGHT BOURBON WHISKEY
86 PROOF
Womei^ Parents,
Men Teachers Win
Annual Cage Tilts
Teachers and parents of chil
dren in the Southern Pines
school had their annual night of
basketball fun Tuesday and, not
withstanding sore muscles and
bruised shins, managed to com
plete the two games, with the
parents winning the women’s
contest and the teachers taking
the men’s.
Both games were decided by
one-point margins. The men
teachers won 55-54, with George
Short collecting 21 points and
Jimmy Mann following with 16.
Irie Leonard had 12, Roger Gibbs
and Sammy Self had two each,
and Ernie Boros and Kenneth
Miller one each.
For the parents, Joel Stutts
had 14, Jack Barron 12, with the
rest of the scoring about evenly
divided between Curtis Bdttini,
Gary Henry, Harry Chatfield,
Fred Peters, Davis Worshamr M.
G. McRae, Dr. Dave Whitehead,
Andy Page and Wilbur Currie.
In the women’s game, which
the parents won 22-21, Miss Jean
Saunders scored eight points for
the parents to take the honors.
Others making points included
Mrs. Olivia Self, Mrs. Maybelle
Britt, Mrs. Tom Nicholson, Mrs.
Joseph Hiatt and Mrs. Raymond
Cameron.
For the teachers Miss Kather
ine Childs led with nine points,
followed by Miss Kay Buice and
Miss Vie Rodgers with five each,
and Mrs. W. A. Leonard with
two.
Harry Chatfield served as
coach for the parents while Al
len McLaughlin had a similar
chore for the teachers.
Don Traylor coached the men
parents. None was listed for the
teachers.
Funds collected—^more than
$80—will be used by the Junior
Class in its activities.
■INCOME TAX FACTS No. 4-
Claim All Exemptions for Yourself
and Dependents
Charles Stitzer,
Family Acquires
New Jersey Hotel
Charles W. Stitzer, Jr., who
was owner and operator of the
Highland Pines Inn here until it
was destroyed by fire about a
month ago, has joined with his
family in acquiring a long term
lease on a 13-story hotel on At
lantic City’s boardwalk.
Stitzer as yet has announced
no plans for rebuilding a hotel
here or otherwise disposing of
his holdings.
’The new Atlantic City hotel,
the 13-story Madison, has 220
bedrooms and is the meeting
place for many conventions and
local groups.
Stitzer wiU become the general
manager.
(This is one 0/ a series 0/ articles on federal income tax
filing. These articles ore based on information provided by
the American Institute of Accountants, and the North Caro
lina Association of Certified Public Accountants in coopera-g
tion with the Internal Revenue Service.)
Many people overpay their taxes because they cheat themselves on
their personal exemptions. ,
Here is how to count your exemptions (each one takes $600 off your
taxable income): .
One exemption for yourself, two
if you are 65 or over, two if you
are blind, three if you are both 65
and blind. The same applies to your
husband or wife.
If your husband or wife died dur
ing 1956 you can still file a joint
return claiming the exemptions, in
cluding those for age or blindness,
to which the deceased would have
been entitled at the time of death.
Who Qualifies
One exemption of $600 can be
taken for each person who fits the
definition of a dependent. This $600
is not doubled for age or blindness,
however, as in the case of your per
sonal exemption.
To count for an exemption, the
dependent must;
(1) Have less than $600 gross
income for 1956 (except that this
does not apply to your child if he
is under 19 or is a full-time stu
dent).
(2) Have received more than half
of his support from you, unless you
file a Multiple Support Agreement
(see below).
(3) Not file a joint return.
(4) Be either a citizen of the
U. S.- or a resident of the U. S.,
Canada, Mexico, Canal Zone, Pan
ama and in some cases, a service
man’s child living in the Philip
pines.
(5) Live with you (absence while
attending school does not interfere)
or be a close relative as defined in
the instruction book or be a cousin
receiving institutional care for
mental or physical disability who
had lived with you before going
to the institution.
Multiple Support Agreements
If you shared with others in the
support of a dependent, but none of
you provided more than half the
support, you may still be able to
arrange among you for one of the
group to have the $600 exemption
You might agree, for example, to
take turns in having the exemption
from year to year.
The one who claims the exemp
tion must have contributed more
than 10 percent of the support, and
he must be a member of a group
who altogether provided more than
half support, and that person must
have been entitled to claim that
dependent except for the require
ment of providing more than half
support.
In order tor one of the group to
have the exemption all other mem
bers of the group who contributed
more than 10 per cent must sign
declarations that they will not claim
the dependent. The Internal Rev
enue Service provides Form 2120
(Multiple Support Agreement) for
this purpose.
Children and Disabled Dependents
There is a deduction of as much
as $600 for care of children under
12 while the breadwinner works.
This child-care deduction is avail
able to mothers, widowers, divorced
and legally separated persons, who
are allowed to deduct expenses paid
to someone other than a dependent
for the care of a son, daughter,-
stepson or stepdaughter under the
age limit. This regulation also ap
plies to any dependent of any age
who is mentally or physically in
capacitated.
A working wife is entitled to this
deduction if her husband is physi
cally or mentally incapable of pro
viding support. Where the husband
is not disabled, the working wife
may also tak,e the child-care deduc
tion only if a joint return is filed,
and the $600 limit must be reduced
by the amount of the couple's gross
income exceeds $4500. It should be
kept in mind that you can't take
this deduction if you take the stand
ard 10 percent deduction.
The instruction book which comes
with your tax form gives further
Information. Help is ^so available
by telephone or at offices of the
Internal Revenue Service. The Rev
enue Service urges you to consult
a properly qualified advisor if you
decide to seek outside help.
Next Article: Personal Deductions
May Cut Yoor Tax BilL
Charles Sinclair,
Oldest Merchant
In Carthage, Dies
Charles T. Sinclair, 83, the old
est active merchant in Carthage,
died Sunday morning in Moore
County Hospital.
Mr. Sinclair started his business
career with his brother, the late
John Sinclair, in a small grocery
establishment in Carthage. They
built the firm into one of the larg
est in the county before selling
out before the depression.
He retired after that but went
back into the merchandising busi
ness about 15 years later, opening
one of the most modem stores in
the state. Mr. Sinclair and his
son used an old mansion as a
showroom and built his store
aroimd it, giving him thousands
of square feet of floor space. The
idea has received wide acclaim.
He was active in the furniture
business until ill health forced
him to retire a few years ago.
Funeral services were con
ducted Monday afternoon at the
home by the Rev. M. C. Hender
son, pastor of the Carthage Meth
odist Church, of which Mr. Sin
clair was a trustee and longtime
member. Burial followed in
Cross Hill cemetery.
Survivors include his wife, the
former Mamio' Petty; one son,
Charles T. Sinclair, Jr., of the
home; and one sister, Mrs. U. L.
Barrett of Carthage.
quired for all contractors (except
equipment) in an amount equal to
100% of the contract price guar
anteeing the faithful performance
of the contract, and a separate
payment bond in an amount equal
to 100% of the contract price,
guaranteeing payment to all per
sons supplying labor and|or mate
rials for the construction of the
project. J[n addition. Contractor
wUl furnish Owner’s Protective
Bond on standard A.I.A. Form B1
“Owner’s Protective Bond.’’ The
Performance Bond and Labor and
Material Payment Bond shall be
executed ,on standard A.I.A. form
107 so titled.
The Owner reserves the right to
reject any or all bids, or to accept
the lowest legal bid deemed in
the best interest of the Town of
Southern Pines and to waive in
formalities.
Contracts may be let on the
basis of combined proposals, sep
arate proposals, andjor alternates.
LOUIS SCHEIPERS, Jr.
Town Clerk.
Thomas T. Hayes, Jr.,
Architect, A.I.A.
Southern Pines, N. C. f28
Home Demonstration Club News
ARMED FORCES
Pvt. Thomas B. Ray. 20, son of
the Rev. and Mrs. J. D. Ray, Sr.,
490 N. Hardin St., Southern
Pines, recntly was assigned to
the 569th Transportation Com
pany at Fort Eustis, Va.
Ray, a stevedore, entered the
Army last November and com
pleted basic training at Fort Ban
ning, Ga. While a civilian, he
worked for Lutz Cleaners.
Ray was graduated from West
Southern Pines High "School in
1955. '
& - 'iV >'
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DRIVE A '57 OLDSMORII-P AT
PHILLIPS motor sales. Xbc.
Southwn PiaM, N. C. PhoM 2*4411
N. C. Dealers License No. 1966
DRIVE CAREFULLY—SAVE A LIFE
Cameron Club
When the Cameron club mem
bers met in February with Mrs.
W. B. Sellars, they were delighted
to have Moore (lounty Assistant
Farm Agent Thomas Hall as guest
speaker on the control of insects
and diseases of the garden soil
He told why we had only one crop
of tomatoes, then the vines died.
It was the result of nematodes in
the soil that attacked the roots of
the vines. He told us how to use
the fumigant “DD” in the prepar
ation of our gardens.
Mr. Hsdl also advised us to
grow our own plants in sterilized
soil in order not to bring diseases
to our gardens from the soil on
the plants.
We invited Mr. Hall to visit pur
club again soon.-,-By Mrs. W. B.
Sellars, publicity chairman.
Cranes Creek Club
The Cranes Creek Home Dem
onstration Club held its February
meeting at the home of Mrs. Rob
ert Hendricks. There w;ere 15
members and one visitor present.
‘Gardening” was the timely
subject of the lesson. Miss Flora
McDonald, home agent, discussed
the 1957 recommended vegetable
varieties for the garden. She also
made anpoimcements of several
important meetings pertaining to
club work, that arei to take place
in the near future. Miss McDon
ald introduced Thomas Hall, as
sistant farm agent for Moore
County. He explained in detail
the garden from the selection of
the location until the garden was
producing food for eating or pro
cessing purposes.
The time and money spent for
INVITATION FOR BIDS
MUNICIPAL BUILDING FOR
SOUTHERN PINES.
NORTH CAROLINA
making a garden is very worth
while, as a vegetable garden will
save you money, furnish better
quality vegetables, cause one to
eat more vegetables, provide
training for children by their
helping in growing a garden. It
also provides a hobby especiaUy
for the person who does non-fsirm
work, and helps one toward hav
ing better health. We tnow vege
tables axe among Nature’s best
foods and they furnish valuable
materials for building and regu
lating the body for better health
and growth. — By Mrs. R. R.
Thomas.
Eastwood Club
The Eastwood Home Demon
stration Club got off to a good
start for 1957 with 100 per cent at
tendance at the first meeting in
the New Year. The president,
Mrs. Robert Lea, found it neces
sary to resign. Mrs. Gerri Mc
Kenzie was elected to fill out her
term of office.
Our club has had a busy year.
Some of our members have built
new homes and some have remod
eled and made new things for
their homes. Some of the other
highlights in our club work for
the past year as as follows: each
member that was sick was visited
by another member with a gift of
prepared food in the name of the
club; the club gave a donation to
the cancer fund with a member
of the club as a community work
er for the Cancer Drive; one of
our club members, Mrs. Sam
Boggs, won first prize in the mail
box improvement contest for the
county.
NOW!
Fresh Fish
Every Day
We are endeavoring to carry everything you might
want in fresh Fish and other Sea Foods.
McAllister & hobbs
Phone 2-7514 SOUTHERN PINES
Sealed proposals wUl be receiv
ed by the Town Council, South
ern Pines, North Carolina, at
Civic Club (corner Pennsylvania
Ave. and Ashe St.) at 2 p.m. on
March 19, 1957, for the erection
and completion of the foUowing:
MUNICIPAL BUILDING FOR
SOUTHERN PINES, N. C.
Plans and specifications for the
proposed work will be on file at
the City Hall, Southern Pines, N.
C., smd in the offices of the Asso
ciated General Contractors and
the F. W. Dodge Plan Rooms in
Charlotte, Raleigh, and Greens
boro, N. C. One copy of plans and
specifications may be obtained by
licensed contractors upon written
request to Thomas T. Hayes, Jr.,
Architect, Southern Pines, N. C.,
accompanied by a certified check
for $50.00 for general contractors
and $35.00 for mechanical contrac
tors, made as a deposit. AU of
said deposit will be refunded to
bona fide bidders upon return of
plans and specifications to the ar
chitect. Cost of plans to subcon
tractors and material, suppliers
will be $35.00, $10.00 to be re
funded upon return of plans and
specifications within 10 days
after receiving bids.
Separate bids will be received
for General, Electric, Plumbing
and Heating.
Bidder’s proposal for the job,
except for equipment, must be ac
companied by bid bond for at
least five per cent of the amount
of bid, or a certified check made
payable to the Town of Southern
Pines, for five per cent of the
amount of bid. As a further al
ternate, the bidder may accom
pany his proposal with a cash bid
deposit amounting to five per cent
of the amount of the bid. Said
deposit may, at the discretion of
the Council, be retained in event
of failure of the successful bidder
to execute the contract within 10
days after award or failure to give
satisfactory surety bond as re
quired.
General Contractors are noti
fied that “An Act to Regulate the
Practice of General Contracting,”
ratified by the General Assembly
of North Carolina on March 10,
1925, and as subsequently amend
ed, will be observed in receiving
bids and awarding the general
contract.
Plumbing and Heating Contrac
tors are notified that Public Laws
of 1931, Chapter 52, as amended
by Public Laws of 1933, Chapter
57, will be observed in receiving
bids and awarding plumbing and
heating contracts.
Electrical Contractors are noti
fied that Public Laws of 1937,
Chapter 87, and as subsequently
amended, will be observed in re
ceiving and awarding electrical
contracts.
In consideration of the Council
receiving his bid, each bidder
agrees that no bid may be with
drawn after the scheduled closing
time for the receipt of bids for a
period of 30 days. It is the inten
tion of the Board to return all bid
deposits, except three lowest bid^
ders which wiU be held until con
tracts have been awarded or de
ferred, in no event longer than 30
days. J
A Performance Bond will be re-
PRUDENTIAL LIFE SALES HIT
RECORD $8.2 BILLION IN ’56
Jacksonville, Fla., February 25, 1957.
During 1956 life insurance sales of The Prudential Insurance Co.
rose 33.9 per cent to a record high of more than $8.2 billion, according
to a preliminary year-end report being issued today by Carrol M.
Shanks, Prudential President.
This was an increase of $2.0 billion over 1955, when sales totaled
$6.2 biUion.
Mr. Shanks said the firm’s total insurance in force at the end of
1956 amounted to $58 billion. He noted that over the past 10 years
Prudential’s outstanding life insurance coverage has increased by
,122 per cent.
He also reported historic highs in other areas of Prudential oper
ations. ,
Assets climbed) to $13.2 billion, an increase of $740 million over
1955.
Payments to policyholders rose by $95 million, reaching a total
of $1.1 biUion for the year.
'Through Mortgage Loans and the purchase of Securities, the com
pany invested more than $900 million in industry, agriculture, and
commerce in 1956. The total Prudential investment in these fields
rose to $6 billion. '
Prudential maintained its position in 1956 as the world’s largest
•private financer of Home Ownership and during the year provided
an additional $700 million in residential mortgage loans. At year’s
end. Prudential investments of this type totaled $4.4 biUion, some
19,000 over the preceding 12-month period.
The Company’s investment in United States and Canadian govern
ment bonds, and the bonds of political subdivisions of the two na
tions, totaled $1.1 billion, compared with $1.3 billion at the end of
1955.
The rate of investment earnings after federal income taxes aver
aged 3.47 per cent, compared with 3.37 in 1955. The 1956 rate was,
the highest since 1939. Before taxes, -last year’s investment return
averaged 3.76, compared with 3.62 the year before.
Total Federal income taxes for 1956 amounted to $35 milUon.
Other Federal and local taxes accounted for $46 million, bringing the
Company’s total tax biU to $81 miUion.
Mr. Shanks also reported that the PRUDENTIAL’S FAMILY
POLICY, introduced in August 1956, accounted for $1.5 billion in in
surance sales, making it the most popular policy in the Company’s
history. Under this new coverage, all members of a family are pro
tected by a single policy. In addition, each child bom after the policy
is issued is automatically covered at no increase in premium when he
becomes 15 days old.
Mr. Shanks said that 190,000 families were protected by the new
policy at the end of the year. Principal purchasers of the plan have
been young parents and newlyweds.
Reporting on other'aspects "of the Pmdential operation, Mr.
Shanks noted;
One—The number of persons insured by one or more Prudential
Policies rose to 33 million, one million more than the 1955 total.
Two—^Mofe than $5.1 biUion in ordinary Ufe insurance was sold,
including sales of the Company’s Employee Security Program for
firms WITH AS FEW-AS FOUR EMPLOYEES. In 1955, ordinary
insurance sales reached $3.6 biUion.
Three—Group Ufe insurance sales totaled $1.9 biUion, which was
$500 milUon greater than in 1955 and an aU-time record. Group acci
dent and health sales amounted to $22 miUion of annual premiums,
an increase of more than $6 miUion over 1955.
Four—Annual premiums on new sickness and accident insurance
policies for individuals totaled $24 miUion, up $2.4 miUion from the
preceding year.
Watch Prudential's Televised air Power Series on "You Are There'
Program Sundays at 6:30 PM most stations.
SEE YOUR PRUDENTIAL AGENT
L. T. "Judge" Avery. Box 1278,
Southern Pines,; N. C.
ECHO SPRING
KENTUCKY
BOURBON
45,
ran
$3.85
4/5 Of.
II rilir • ECRI SMINt IISTIlllNE CIMPIIIY, lOUISVIUE, EIITIItKY
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