Newspapers / The News-Record (Marshall, N.C.) / July 26, 1973, edition 1 / Page 6
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r-urs i Vy, July M, 197J The Real estate as a sound NEW YORK (UPI)- Real r estate investment trusts have come of age, according to a leading real estate financier. ' "When REITs first began to : attract Investor attention a few yean ago, many analyst felt that their high growth rate was entirely due to the tight money market," says Nils A. Lundberg, president of the national real estate financing firm of Brooks, Harvey It Co., Inc., an associate of Morgan Stanley it Co., Inc. "Over the past few yean we have teen the economy move from an extremely tight money situation through a period when money has been relatively plentiful, Lundberg said. "While the earnings of some trusts slowed, overall, REITs have adjusted well to the changing cost of money and maintained their steady growth. Trust assets have grown from $1 billion at the start of 1970 to almost $12 billion today." Many observers also firedicted there would be imited acceptance of the Deaths and Funerals EDWARD GRIFFIN Edward Griffin, SO, of Morganton, formerly of Marshall, died Saturday July &, 1973 at his home. A Madison County native, he had lived in Morganton for the past 10 years and was em ployed by Drexel Enterprises and also a World War II veteran. Surviving are the mother, Mrs. MoUie Buckner Griffin of Morganton; two brothers, the Rev. Jay Griffin of Marshall and Willie Griffin of Kings Mountain, and a sister, Mrs. Cora Coates of Asheville. Services were held at 2 p.m. Monday at Upper Walnut Creek Baptist Church. The Rev. Joe Bradley officiated. Burial was in Rice Cove Cemetery. Nephews and cousins were pallbearers. Bowman-Duckett Funeral Home was in charge. CHARLES ALBERT COX Funeral services for ..."v. we don't m-! r n F f!x-: ( o ) News - Recerd af f trust seen investment REIT concept because of the complexities of real , estate financing. It was thought that the use of such technical terms as "cash flow", "leverage" and "depreciation" would discourage a good many investors. "Understanding real estate financing is not easy," Lundberg said. "For instance, even some securities analysts had trouble In grasping the fact that while property could be depreciated for tax purposes, its market value, in many instances, was increasing." However, he said, the amount of information about REITs has proliferated in the past few years and investors now have available a great deal of information on trust operations on which to base their decisions. Lundberg said publicly owned REITs are more open to scrutiny of their performance than are the stocks of other types of public companies. Charles Albert Cox, 81, of the Dunean community of Greenville, S. C, who died Monday, July 16, 1973, were held on Wednesday afternoon, July 18th, at 3:30 at Thomas McAfee Funeral Home. The Rev. Woodrow Harris con ducted the service and burial was in Woodlawn Memorial Park. Mr. Cox was the husband of the late Bertie Jones Cox, sister of Mrs. Dora Ramsey, Mrs. Minnie McLean and Mrs. Willie Runnion of Marshall. Mrs. McLean, her son, Talmadge; Mrs. Runnion and Mrs. Otto McDevitt attended the service last Wednesday In Greenville, S. C. Mrs. Mc Devitt's mother was also a sister to Mr. Cox's deceased wife. I'tah's mam industries are mining, farming manufacturing, petroleum, transportation and recreation. h noise ah jt our saving plans. But iwr new fViT Saving Ccnifiorte K wirth shouting ahuut. It lse only $500 rmnimurn to open, n Nmust remain onckrxrsit for ai minimum sT2"j jv.-irv It s a great wsrj to make il big with pair saving. ' , . :'. uA Hir new 5 fUvuliir Saxirvs. nrr5 O- ' n P.isH Sjvinw and our tine vear 6 Savino Certificate lot.! " Homes and Site of Ecological Village Show Wood Is Good ' Handsome homes and a rustic site are offered in this ecologically-oriented community. The "wood look" is re flected in building design and materials. Ponderosa pine windows and patio doors with insulating glass (to cut heat loss and conserve fuel) were used throughout. More than half of the site's 161 acres have been left in their natural wooded state. Among serious environmen talists, wood's the good word appreciating It, replenishing It. using It wisely. Not surprisingly, then, wood "with its quality, warmth and beauty" is the theme of an eco logically - oriented community In New England. The homes handsome luxury apartments and condominiums are pre dominantly wood. The 181 -acre site Is a 40-year-old forest. In conception and develop ment. Talcott Village hews to a belief In the importance of nature to architects, builders 00016 focal points of stairways and homeowners. The village and rooftop clerestories. Qlid ls only 12 minutes from busy mg pati0 doors lead to spacious downtown Hartford, Conn. But balconies and terraces, and you'd never guess It from the open each home to Its rustic forest site, more than half of surroundings, which has beeO left In Its natu- Another reason for use of ral state. Owner James Mlnges wood windows and doors Is believes so deeply In environ- their superior insulating capa mental preservation, that he Is btllty. Although the homes are absorbing a $1,500 additional gas heated, all outside walls cost per living unit to save the meet building specifications for trees. His son, sculptor -archl- electric heat (which requires tect James "Blue" Mlnges, Jr.. fuU thermal insulation). In says the community's over-all electrically-heated homes, the design was "calculated to make recommendation Is for sash residents feel challenged by the and frame materials that "pro environment, not bored with vi,ie no continuous metallic 11 " path from the Inside of the This necessitated an lmagl- structure to the outside air," native adaptation of wood. In- efficient weatherstrtpplng and 4 I side and out. The Mlnges' boast that In Talcott, you can "look out a wood window or patio door In any direction and see a tree." The windows and patio doors all ponderosa pine units with Insulating glass are major contributors to the communi ty's "wood look." Casements and awning windows In differ ent sizes and combinations add Individualism and visual inter est to residential units. They highlight overhanging bays, light up room corners, and be- insulating glass or storm sash. Good - Insulation and the re sultant reduction of heat loss and fuel costs were considered essential for operating econ omy, as well as for energy con servation. Wood is present In other as pects of building design, Wood chimneys conceal heating and fireplace vents. Trash recepta cles, mailboxes and utility me ters are "hidden" In wooden surrounds. To save mainte nance, attractive crushed bark was used as ground cover. Begun In 1969. Talcott Vil lage has more than 100 apart ment units and 128 condomi nium units. Additional condo miniums and single - family homes are planned. There will be a 265.000-square-foot com mercial mall, with specialty shops and professional offices adjacent to the village. It will Include a movie house, health club, motor-Inn and conference center. GIVE YOURSELF A SPORTING CHANCE Trail riding with a Kawasaki can add a new dimension to a hunter's and fisher's avoca tion. With the new Kawasaki G-4 100 Trail Bike, for in stance, you can go exploring for a good 100 miles in back country , selecting many places to fish and hunt without ever worrying about refueling. It has a total of 10 possible gears, and in low range it can climb a 40 degree hill. The 0-4 has just the per fect combination of balance and pulling power, plus knob by studded tires, to make it the king of the off road The rear shocks are so fine that the bike won't seesaw at high speeds when you go crusading across rough and rocky terrain or whizzing along a sandy beach. The muffler is quieter and a spark arrestor has the approval and blessing of the Forestry Code. The G-4 has a rear luggage carrier designed for the sportsman in mind .to give him more than a sporting chance to take whatever he needs with him due Tf-X - .fl . MOWS YOURj C-V ll mm f- - - - AT THIS RATE, FARMERS COULD GET EQUAL RETURN Sy PUTTING THEIR MONEY in GOVERNMENT BONOS" Compost Pile Can Be Answer to 2 Problems If you're like many homeowners, you prob ably have two problems that could provide their own solutions if they were only brought together in the proper way. An abundance of leaves, grass clippings and other throw-away materials is one of the problems. The other might be poor soil condi tions in the yard, garden, foundation plantings and elsewhere. The suggestion is, why not make a compost heap out of the waste materials and eventually Life in one-room schoolhouse Bit; TIMBKR. Mont I LI' 1 1 One room? Its all you need. In fact, says Mrs. Byron Orosfield, one-room country school are so backward they have become avant garde. "Progressive city schools are just now getting around to doing things that we have long taken for granted." she said. "We have individual in struction, ungraded par ticipation and all the things that modem city schools are tearing down walls to achieve." Mrs. Grosfield is the faculty of Bridge School a one-room school eight miles west of Big Timber. Bridge School is Sweetgrass County's last one nxm facility, although there are a dozen or more elsewhere in Montana. A collection of country kids, freckled and shy make up the student body of about a dozen. 'I'heir school sits atop a hill, looking out on the Crazy Mountains along the Yellowstone River. On the walls inside, above a hardwood floor, hang the traditional portraits of ashinglon and Lincoln. An American flag completes the wene. Mrs. (irosfield is convinced it's the ideal situation for rural students. Rural students, she says, tend to he shy. "ou can't take the country out of the kid," she savs. "In the family-like at mspherp of the one-room school, they learn to overcome inhibitions while shvness turns to seriousness. "They really learn to con centrate and study in this setting. I like to let these kids he individuals. 1 want them to do their own thing." The students do just that. Their selection of school colors, purple with pink polka dots, is an example. Doing their own thing also is encouraged in their studies. "Here slow students are given a chance to catch up. In a larger school they might be left behind," she says. At the same time, brighter students are urged to carry on. "All this modern education we've been hearing about it really pretty old fashioned," she added smiling. The "modem education" she referred In is the so-called "open clasnronm" essentially a one mom school. It is a school without partitions separating the grades and a school in which all kind ut activities go on at once, each groan' nf student doing its mrn thing: learning fast or (earning slowly, depending na the eduralional ability. The farva. daaarrmm as besng Vailed : in ' many (durational Hrrles a the n-alkjr enlightened . way In aura the Irarnm to the kirk. . -' ' a. Mra. Graafolri M r again? , w bat do von Uriah? X ' The American etm tr b ksowa botantcally as Uimas twrtcsns. ... tfET FARMERS RETURN on their: INVESTMENT IS ABOUT & COMPARED WITH AROUNO 10 IN ALL MANUFACTURNG use it to improve that poor soil? It'll certainly beat packing the leaves and grass clippings In bas kets or plastic bags and hauling them off, throw ing them in a field or setting them out for the trash collector. If you have a vegetable garden, there is all the more reason to have a compost heap. All those vines, stalks, etc. left after harvest could be used In the pile and the compost later used in the garden. North Carolina State University extension spe cialists point out that compost is more than a low grade fertilizer when added to the soil. It lnproves water-holding capacity and texture of poor soil. For the compost pile, use an open-ended bin or box about three feet high, three feet wide and of any length. The pile should be located In a shaded area. To start the pile, use six to 12 Inches of leaves, weeds, grass clippings, etc. Add water if the material is dry, then add about a cup and a half of fertilizer for each bushel of organic matter. Cover with about a one-Inch layer of soil. Continue to alternate the layers of organic matter, fertilizer and soil, ending with soil on top of the completed pile. The pile should be kept moist but not soggy. The compost should be thoroughly rotten before being placed on the garden or wherever you plan to use It. Unrotted material will take nutrients from the soil rather than adding to them. The decomposition will take about a year. Bachelor aided brides NEW ROADS, La. (UPI) -Julken Pay drat, a statesman, poet and philanthropist who died a bachelor In 1824, bequeathed to the Parishes (counties) of West Baton Rouge and Point Coupee $30,000, the Interest from which he directed to be paid yearly to brides in these Parishes who were "in pitiable circumstances." The bequest still is bestowed annually to West Baton Rouge Parish brides who apply. German doctors BONN (UPI) There b a doctor for every 620 West German citizens, accord inf to figures released by the Ministry of Public Health. The ere rare age of doctors in the Republic is 60 to 60 years. Family shorts . Garden Time' Ants in Your Peonies? THeyre froing no Harm By M. E. Gardner N. C. State University We are aa dry now in our area as we were wet two weeks ago. We did have a stingy sprinkle this morning (April 25) but not enough to help. Hope we get a good rain before the clouds move out. We have been irri gating some early planted crops for several days. I point out, again, the need for adequate water if you expect maximum perfor mance from your plants. Have you ever ob served ants feeding on your peony buds ? Do not let this bother you too much as they are feeding on a sweet substance se creted by the buds. Dahlias planted in late May or early June will give better results than earlier planting. They will produce their finest blooms during flower show time in September and October. Tender vegetables may be planted now, If not already planted, in the lower Piedmont and coastal areas peppers, eggplant, beans, spinach, okra, sweet corn, sweet potatoes, cantaloupes and watermelons. Walt until the danger of frost has passed in the mountains. If you have a pond or pool, water lilies and other tender aquatics may be planted as soon as the water is warm enough. &Xi0C.Tuekg,3e., V is not omlv rut 172 PK IPt NT Of THC NATionAl. iOClTION OF 6STATS (OAOPi.SUI AliO a Mrwate of peatviur BOARD AKP Hf AT OF IWPlAMAPOuV FAMtP 500 fl JTIVAL" CtVtlKlUC AROUUP THE MEU-'KlAL PAY KACe C A OH ATE Of PtTAUrV IhVOLVftt? IW TW4 KlflTALIJ aTiJaJ QOJhJ TOWU INpiAWAPOt i A A MEM&CK Of THf tfikJT rOvr, ! BtTLifVe- THAT MO-'TOP u All A iK E THAT OUlfOiS MOUtT HI E HVl P AS iOCN A - r" H f H M APE TO WOE 0T k , -f WOU-P HAVE ANOtHt kVuaJt1 MO THILIIWO iwFiTiOW, l WOnT t oua uoe Ttf Ate sovhi t i'uy OP AWP V WOUll' Hf FALir WITH WWi.IAajVr.aaaaWaU WT Meet the payments with monthly meetings. Hours 11 -6' Ponland & Sons Color Portrotf '' Monday, August 6th 7 95 . J, Free chcrm with pkg. t,-;rj,.i;- Tender annuals may be planted now In moat sections of the state petunias, zinnias, mar' lgolds, snapdragons, celosla and others. Petunias are fine for planting over spring flowering bulbs if you plan to leave them in the ground rather than lift and store during the summer months. This may help fill planting gaps after the leaves of the bulbs have turned brown. If you haven't "gotten around to it," fertilize azaleas after they finish blooming. It is best to remove the mulch, fer tilize, and replace the mulch. Add more mulch ing material if needed. Feed your roses regularly, usually about once a month. It is very important that they be sprayed or dusted regularly, too, if you want to have lush perfect foliage and satisfactory blooms. Mulch and water as needed. You might remember that Malathlon and Sevln are two of the most effective and safest approved Insecticides for general use on all plants around the home. Either one of these materials, mixed with Captan, will provide a good combined insecticide and fungicide. I would not use Sevln on beans when they are In bloom as it may cause some thinning of blossoms. f V TATE rtO t lO vGVfcRS f HAU A T KAl't rV-tUbO AJHlf M HE FV t I ft fcJ r t 'F HOTM T Hf IAMAFO. r. fl f Ml BOABP . THt ia.pt k'Mt 1AIf Cle''W W H L M SJOfc't T HIM THE it ' LI U-'lv' 'F mI VI AH " r j 1 ijk, rr vsf a Aav av ereec W A(i(i"u Tht PKtr(Pfv,y f tm( i-o ,-c Ml "Ht R kt. ' . I. rA, uit '!... 1, If ' I - ri . 1 , OS . . I. . t I . ' Ak. D I'll . . J I llwo ' 1 I . ' . a.'ul'l "Ci 'i: -a ti r MOt-AW FOB 1M i Ah MIL AM K,.' f ,i . T v( h'TPAT a I 11 x 14 I
The News-Record (Marshall, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 26, 1973, edition 1
6
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