Newspapers / The Enterprise (Williamston, N.C.) / Jan. 23, 1942, edition 1 / Page 7
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Guaranty Bank Has A Thriving Business During the Past Year Annual Meeting of Directors And Officers in Green ville Few Days Ago * Meeting in their annual session at the home office in Greenville a few days ago, officers and directors re viewed a successful year of activi ties for the Guaranty Bank and Trust Company. The meeting, the forty-first for the bank, was held in the Sheppard Memorial Library. A large number of stockholders were present in person to hear and discuss the reports of the officers. The meeting was presided over by Colonel E. G. Flanagan, who has served the bank as president since 1912. W. H. Woolard, executive vice president, commented on the bank's increase in resources, deposits, in vestments and profits. In his report he stated that the market value of the bonds owned by the bank was 10 per cent in excess of the book vplue, or cost, and that the bond fjaarket could suffer a 10 per cent grop in prices without loss to the bank. He advised the stockholders that the employees of the Guaranty Bank and Trust Company and branches had unanimously signed up for payroll deductions for the pur chase of Defense Savings Stamps or Bonds, of which we felt very proud. J. H. Waldrop, cashier, read a re port showing totnl nntict^ of (11 866 508.44 at the end of 1841 as compar ed to $8,584,989.65 at the end of 1940, an increase of 40 per cent. The prof its forthe year, as shown in the cash ier's report, exceeded any previous year. Dividend checks representing a 15 per cent cash dividend were dis (25 Buys Cottons For Five Persons College Station. Texas?How much clothing will $25 buy? That was the problem faced by the Texas agricul tural extension service in planning low cost wardrobes for farm fam ilies. By careful buying it is possible to buy cotton wardrobes for a family of five, extension workers told the National Cotton Council and Cotton Textile Institute. The wardrobe, which is made up of 67 garments, includes articles such as men's overalls, underwear, socks, shirt and trousers; women's dresses, slips, gowns, underwear and hosiery; girl's dresses, underwear, hosiery and sweater; boy's overalls, jacket, shirts, underwear and socks; and child's dresses, sweater and socks. tnbuted to stockholders. A number of stockholders compli mented the bank on its time tested service over a period of 41 years and commended the officers' and em ployees' progress throughout the years. The entire Board of Directors was re-elected as follows; A. W. Ange, J. S. Ficklen, E. G. Flanagan, A. M. Moseley, Dr. L. C. Skinner, R. L. Smith, J. A. Staton. J. H. Waldrop. N. O. Warren, J. J. White, W H Woolard, Dr. W I Wooten. Immediately after the meeting the Board of Directors met and perfect ed the following organization: E. G. Flanagan, president; W. H. Woolard, executive vice president; Dr. L. C. Skinner, vice president; J. H Wal drop, cashier; A. J. Moore, assistant cashier; M. L. Cowell, assistant cash Terr Jos. S. Moye, assistant caslhei. J. W. Overton, auditor; J. H Moye, trust officer; R. H. Staton, cashier, Dickinson Avenue, Greenville; S C. Ives, cashier, Bethel; J. E. Edwards, cashier, Belhaven; A. G. Small, cash ier, Elisabeth City; D. R. Everett, cashier, Robersonville; V. N. White hurst, cashier. Snow Hill; A. F. Best Wishes to You Belk - Tyler Co. You are making a start in a new home. We sincerely hope that you will make a great sueeess in this new venture. Clark's Pharmacy Sincere Good Wishes Belk - Tyler Co. ON THE OPENING OF YC^HR NEW STORE. We exleml our heartfelt congratulation)! to you and wiah you continue*! huc (?cm in your new home. Alpha Cleaners We Take Pleasure in Acknowledging Any Public Improvement Belk - Tyler Company's NEW STORE Is a decided asset and improvement to the business section of Williamston. We gladly call your attention to the opening of this new store and we extend sincere Best Wishes and Congratulations to this firm. Guaranty Bank & Trust Co. America's Air Guardians Ready for the Enemy Pilots of a U. S. Army pursuit plane squadron (top) are shown rushing to their skips during a drill at a strategic airfield on the Atlantic coast. Bottom left, they relax in their quarters. Bottom right, the pilots crowd through the door as they dash for their ships to answer an aerial alarip. Navy Honors Kearny Officers C. I\ VUoneitholo Here are four of the fourteen officers and sailors of the Kearny who were rewarded by the Navy for "heroism, gallantry, and devotion to duty." Lieut. Robert J. Esslinger (top left), Ypsilanti, Mich., engineer officer, and Lt. Com. Anthony L. Danis (bottom right) of Washington, D. C., commander of the Kearny, were awarded the Navy Cross. Ensign Reuben Perley, Jr. (top right), Riverside, Calif., and the destroyer's executive officer, Lieut. Eugene S. Sarfield (bottom left) of Rrooklyn, N. Y., received official letters of commendation. Whitley, cashier, Vanceboro; H. S. Gurganus, cashier, Washington- 1> V. Clayton, cashier, Williamston Willkie Sees FDR Wendell L. Willkie speaks to a re porter as he arrives at the White House for a luncheon appointment with President Roosevelt. It is rumored the 1940 presidential can (lidate may accept an important gov- _ ernment position. Vouch Of White Is Boon In Blackouts New York City?l/inking to Lon don for guidance in designing new black-out clothing, fashiontsts hrrc are delving into the possibilities of more generous use of white They say that "white touches" will be help in getting around blarked-out streets at night Finding most favor at present are white belts, white collars, white cuffs, white hats, and white gloves. Later, of course, as the season ad vances all-white frocks will be pre valent. 'otton Shoes Make High Fashion Hid St Uouis, Mo Cotton sports shoos, more formal than the tennis variety, hid to bo high style next spring in view of a possible short ago in leather and linens, manufac turers here told the National Cotton Council and Cot toil-Textile Insti tute. To meet, possible rationing of lea ther and linen, a new shoe fabric of woven cotton, called cotanna, will he introduced on this market for spring and summer sales. The cotton! fabric cleans easily and is resistant j to soil. It is expected to prove inr- j portant in shoes of the casual type. Falling in line with the trend to'] cottonl manufacturers of handbags Nazis Saitl To Have No Metal Shortage Contrary to some reports and gen eral belief. Germany is surprisingly well supplied with minerals for es sential military needs, according to a report coming from the Interior, Departments Bureau of Mines this week. Thj? conclusion was reached in a report submitted by Charles Will Wright, the bureau's foreign miner- : als specialist, to Secretary ? Ickes. j He found that Germany was assur- j ed of ample supplies of lead, zinc i and mercury for all essential needs, and now controlled enormous re-! sources of iron ore. manganese and coal capable of supporting an iron and steel industry which can com pete with thiit of Great Britain and .the U. S. A. "Blast furnaces now within the German sphere of domination pro duced 44 per cent of the world's pig iron in 1940, and the Axis is divert ing a larger proportion of its steel to military needs than are the dem ocracies," the report said. "Germany also has available large reserves of regimented labor, and if she.' is successful in controlling the areas now occupied and in reorgan i/mg industry and transportation to meet military requirements, she should be able to wage war effect ively for some time." The report said Germany, was out producing the U. S. A , Great Brit a in and Canada up to 1941 in alum inum and magnesium, vitaj to the production of airplanes and incen diary bombs. But it believed that the nibim d?aluminum output of the three Allied countries now exceeded that of German-dominated nations, and the Allied production is expect ed to Ix- nearly doubled by the end of 15)411 are making many of their new lines from eotanna. providing matching shoe and bag ensemble. The most popular color is a natural tan biege 46 Chaplains Now At Fort Jackson Fort Jackson, S. C. ? Forty-six [chaplains, representing nine differ I ent religions, are now ministering to | the religious needs of the soldiers of I Fort Jackson. Baptist and Presbyterian clergy I men predominate among the mili tary spiritual advisors with eleven representatives of each faith station ed at the post. The chaplain roster al jso includes eight Methodists, seven Episcopalian, four Roman Catholic, two Disciples. ?ne Lutheran, one Congregationalist. and one United Brethren. Although religious duties consti tute most of their work, the Army chaplain at Fort Jackson also take Ian active part iri morale work and assist the morale officers of the var I ions divisions and regiments in ar [-ranging entertainment and recrea turn for'.tin- soldiers. They are also field first 'aid under the direction of I medical corps officers that is design ed to equip them to give emergency treatment ojj the battlefield. Virgil |alley and Delitia Hopkins hav i- igned their - positions in the V h 1' and have taken defense jobs in Norfolk American and British production of magnesium was believed to equal Herman production now, "while American output alone by 1943 will be more than four times Germany's expanded 1941 production." ?The i i 1 noted?Unit Hi iiiuiiy ' lacks coppn tin. tungsten, nickel and petroleum but these deficiencies I have been made up in part by sub stitution, reclamation, stock-piling, ,'ahd increased production, mostly from suhmaiginal deposits. There is no immediate prospect | of a collapse of the military machine because of shortages of any ot these minerals," it said CONOKATl LA HONS TO VOU Belk - Tyler Co. We >?Uli you llir l>r*l of lurk in your ut'? liomr. Vou have dour your bit for llir iui|irovriiirill of illiaiiMou. Woolard Hdw. Co. OnlyAtBelk-Tyler'sGrandOpening Sale Can You Find These Values t'.ontiiiuiiifi Satiiriluy II illi Slill Mori' \<??' irrirols Iff Them' Sensational "JViw Store" lliiryttins.' > < >11 CAIN SLIP UNTO OINL OF TIILSL CAA SPKINC PRINTS FOR ONIA A )VFI A IK, IK LI) PAS ILLS AND SAVA PRINTS. WASIIAKLL CKLPLS In ii Soil Lustrous Weave . . . TIILSL WOULD COST SI.IM) LLSLWIILKL! $2.39 spakklinu inkw Plaid SUITS Thai Have Krai Spring Appeal . . $7.95 - $9.95 In Soft Pastels of Your dolor Choice IICMHtl hS ARK TALKING OF THFSF. AMAX ING VALUES! A Value Sensation That Is Startling F.ren Tin- I'llrti Thrifty fi Iff I ff FffI I fff If f f f f f f T 5 5 5 " BFLK-TYLFRS SALE OF SPRING COATS In Plaids. Solid I wilk Pastel Shetland* and Novelty Fabries sin.mi VALUES FOR ONLY $6.88
The Enterprise (Williamston, N.C.)
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Jan. 23, 1942, edition 1
7
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