SPTEMI
;ER 6, 1946
THE WAYNESVILLE MOUNTAINEER
agency To Replace FSA Will
L Federal Loans To Farmers
" PAGE ONE (Second Section 1
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LAFF-A-DAY
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,! loans
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(IF THANK-
!..,nk nil' liu-aiK
k.' lin. sliou n
I'.i . sic i. ,:i 'I at I lie
.iim I ana. v
T knew there was some ulterior
motive when you bought Junior
that sand box I"
serving the FSA, w ill be appointed
to certify as to the eligibility of
applicants for loans, and that suf
ficient oredit is not available to
them at terms prevailing in the
community from commercial banks
or other responsible sources.
Tenant - purchase loans, repay-'
able in 40 years, a primary fune-!
lion under the term: Farm Owner-:
shin loan of the FSA, will be eon-,
tinned However, interest rate will
increase from three per cent to
three and one-half per cent. Vet
erans will get preference on loans,1
and disabled veterans will have one
rcstric'ion that applies to others
not applying to them: they may get
money to acquire, enlarge, repair1
or improve farm units of sullicient ,
sic to meet t heir farming eapaci-j
ties, rather than being required to;
buy only farms sufficient to con-,
stilue family-type farm manage
ment units i farm large enough to
support a family).
Small Loans
Loans under the F1IA may also
he made to farmers and stockmen
for the purchase of livestock, seed,
feed, fertilizer, farm equipment
and supplies, other farm needs,
the refinancing of indebtedness
and for family subsistence. The
Willis Smith, Jr.
Heads Duke Law
School Bar Asso.
In a recent election held at Duke
j University Law School, Willis N.
! Smith, Jr., of Raleigh, has been
chosen president of the Di:ke Bar
Association, which includes in its
, membership all students enrolled
in the law school.
Young Smith is the son of Mr.
; and Mrs. Willis N. Smith, of Ra
j h igh, and a nephew of Mrs. James
I A. Gwyn, R. L. and Tom Lee, of
Waynesville. He is a veteran of
the U. S. Air Corps, returning to
; Duke University after his dis-
, chargo.
I In anticipation of its largest en
rollment to date the law school
will count on the Bar Association
to aid the new students, most of
them service veterans, in making
, necessary adjustments in returning
to student life.
TRANSACTIONS EN
Real Estate
Beaverdam Township:
Alexander Slutmolis, et ux to
C. B. Medford, et ux.
H. M. Sisk, ct ux to Furman H
Ljreen, et ux.
I Law-son W. Henderson, et u tu
I Billy Haney. et ux.
I H. W. Jones, et ux to W. K. Wil
liamson and Charles S. King.
H. W. Joties, et ux to Thurmond
I L. Jones, et ux.
Thurmond L. Jones, et ux to
W. K. Williamson and Charles
King.
Mrs. Eva Clontz, to Ray Mathas,
et ux.
Clyde Township:
R. V. Welch to Charles Underwood.
Ivy Hill Township:
1 Ralph Knslcy. et ux to Kdna
McKay.
Albeit Howell, et ux to Hufus
Howell, et ux.
W. 11. Otto, et ux to Rulus Sut
ton, et ux
or Sanding and
Finishing
Jrge McCracken Co.
lie, X. C.
Phone 369-J
P YOUR CAR
ON THE JOB!
car "! v,, s should lie treated with care
Wm' !,,r lu1 performance. Have it
Mi'i'i !! I.y cur expert auto mechanics.
rwiiT'' . '
interest rate on these small loans
is five per cent. These will be
in lieu of rural rehabilitation loans
under FSA and emergency crop
and feed loans under FSA. Such
loans may not be in competition
with cooperative or private credit.
The initial production and sub
sistence loan to any one borrower
may not exceed $3,500. No furth
er loan may be made to a borrow
er if the amount he owes F1IA
exceeds S',000. Loans of this type
must ho repaid within fiv vnn
Mortgage Insurance
Another program the new agency
will administer is one insuring
mortages. A -farm tenant-mort- ,
gage insurance fund" of $25,000,-'
000 will be asked of Congress, and
the program will not go into ef
fect until the appropriation is
made. However, since Congress
provided for the program in the
FHA act, this appropriation very
likely will be a matter of routine.
This insurance will be done at
the request of either the mort
gagor or mortagee, with the Fed
eral agency assuming the obliga-:
lion of the loan and making col
lections on it. guaranteeing regular ;
payments to the mortgagee. If the
mortgagor defaults for more than'
12 months, he may if he desires!
give up the property. The FHA, j
however, will carry the mortgage'
for five years otherwise, and then'
make provisions for later payments
if the person who owes the money
will meet certain conditions. ;
Pigeon Township:
C. W. Wright, et ux to William
H. Warren
Waynesville Township:
C. A Seriigg-. ct ux to Joe L.
Scruggs, et ux.
II M Allen, et u to Nelson Cur
tis, 1 1 ux.
J. Haves Alley to llarrv L. Liner,
Sr.
T T. Muse, et u 0 Klmer
Green, et ux
C. A. (Iconic, el ux to Milliard
Jones, et ux
George C (Jiiecn. to W. A
Groover, et u
C. A. Geoi ge, el ux to W. A.
Groover, et ux and Mae Groover
and Kay Sharon Groover.
L. I! Franklin, et ux to Violet !
Hannah. j
Sylla Davis to T. T. Muse
Fliabelh C. Itrodsher, et vir
to W. Summers.
Laura H. Laurence to Richard'
L. Bradley
Jarvis McDonald, et ux to Clar
ence Ford, et ux
NOT AFRAID OF WOLVES
VINTA, Okla. "The boys won't
be wanting to take my woman j
away from me," Charley Pease, 39,
said as he sat up housekeeping'
w ith his 77-year-old bride, Mrs.
Elbe Day Pease, after a "whirl-j
wind" courtship.
Pease, who said he earned a
living "digging potatoes and doing,
odd jobs," returned home with his j
bride after the couple was mar
ried by a justice of the peace in
Joplin, Mo. i
The bride, sitting in a rocking
chair because she said she wasn't
as young as she once was, termed
their romance "one of those whirl
wind affairs." I
White Oak Township: j
Haywood County Board of Fdu-
cation to Libeit.v Church.
.10th Inf. Div. Holding
Reunion At Savannah
The program for tin- three-day'
reunion of the Thirtieth Infantry
division, which will be held Sept.
5 through 7 at Savannah. Ga . has
been announced by Col John W.
Blount of Savannah, chairman
Registration will begin Thurs
day morning at Ml o'clock, ami a
party anil dinner dance have been
planned for t hat night Friday
morning at III o clock a business :
session will be held and entertain- 1
merit has been arranged lor Friday 1
night Fleet I ., liners anil J
other business will he held at the
rmal business meeting Saturdav
Spontaneous Combustion
The gases and vapors from gas
and inflammable liquids may be Ig
nited by spontaneous combustion ol
near-by substances, a (lame, t
spark, or excessive heat. These have
been known to ignite gases and va
pors originating reveral hundred
feet away from where the flammable
liquids are stored or handled.
REA Joins Fight Against Inflation
By Not Buying Anything But Essentials
The recent Presidential order:
curtailing Federal expenditures for : equipment and
nublie works as an ant i-mll.it inn 1 matci laK accord in
measure will not affect the line
construction program of the Hay
wood Electric Membership Corpor
ation, but it will result in reduced
expenditures by the co-op for
"oilier Belk-Hudson Special!
Heavy Gauge
11 TTTi
Boxes
"iches long - 8 1-2 inches wide -13 inches deep
A war surplus item - limited quantity
pecial $3
tee
oSO
"Home Of Better Values"
7
m-i iiiil met ion
to I. N Davis.
president ot the oieaniation
The co-op. Mi Davis said, will
complv wilh a recommendation just
received from Claude It Wickard.
Administrator of the Rural Elec
trification Adininist rat ion. asking
that all ooopc i a 1 1 v es financed by
REA loans reduce to a minimum
their purchases of maintenance
mateiials. deler general plant im
provement ;md delay purchase of
! tools, equipment ami motor vehicles
as long as possible. Co-ops will
, continue lo complv with the regula
tions of the Civilian Production
Adminisl rat ion
"In order to lollow the Adminis
j trator's recommendation," Mr.
! Davis said, "we are going to have
to make sonic worn equipment last
a little longer, but we will continue
connecting new consumers as rap-
idly as we can get line construc
tion materials. We have plans
j completed tor (Minding service
i to more than 107') new consumers
i in our area 'I he scarcity of ma
terials is still a serious handicap,
! of course, and probably will eon-
i tinue to slow us up for some time." I
Mr. Wic kard. in his message to j
the local co-op. pointed out that
rural electric cooperatives are
exempt from the compulsory fea
tures of the Government directive
because they are privately owned. :
locally controlled enterprises that
repay with interest the Federal
funds they honow. but he urged
co-op officials "to cooperate to the
greatest extent possible in carrying
out the President's objective of
avoiding inflationary pressure." ;
"I am sure that as Americans
and farmer you fully appreciate
the danger of inflation and the ne- ,
cessity of doing everything possi
ble to prevent it." Mr. Wickard
wrote. "As farmers, you have per- ;
haps a greater stake in avoiding !
inflation and its terrible after ef-1
fects than any other single eco- i
nomic group." '
Belk-Hudson's Old-Fashioned
vx .. ill
-'
Heavy Cotton
INDIAN
BLANKETS
Wore $2. IS
Now
$2
Heavy
Aluminum Ware
' ' "mtr 'if:.- -i
1()TS - - TRAYS
PANS - - - FRYERS
SAl CE PANS
CAKE COVERS
MIRRO AND WORTHMORE
All OPA Prices Stamped on Each Item
Hand-Painted
CHINA
Plates . . Cups . . Sinners . . Cream Pitchers . .
I'owls . . Platters . . Merry Dishes . . Cereal
r -Tii
Dishes
IMS-THIRD OFF
Heavy Plaid .iti-lnch
Flannel Outing
Assorted Colors
39c
Heavy, Assorted Colors
Dish Towels
5c
Double, Double-Red Si.e
BLANKETS
All Colors . . . Were $2. IS
1!) Ity .ifi Inch
Bath Towels
Assorted Colors
FOLDING
IRONINt;
BOARD
$1.98
39c
Heavy
Plate (ilass
MIRRORS - - $2.98
Oblong; . . . Round . . . Square
(With and Without Frames)
Women's and Children's
Sandals
Half-
Price
$.48 ipi
21 liy Inch
THROW RUGS
All C'olors
Regular
$3.95
$3oOO
Heavy Chenille
Bath Mat - Seat Cover
All Colors . . . Ideal Christmas Gift
$1.48
LOOK! SPECIAL!
.9-Inch, Regular .1 9c
GABARDINE - - 25c yd.
In Short Lengths ... 1 to I Yards . . . All Colors
Belk-Hudson Co
"Home Of Better Values''