Newspapers / The Waynesville Mountaineer (Waynesville, … / Aug. 9, 1956, edition 1 / Page 3
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Waynesville, Maggie Valley Kiwanis Plan Joint Meeting i ? The Waynesville Kiwanis ciud Mill hold its fifth annual "Florida Night" program and the Maggie Valley Kiwanis Club will observe its first anniversary at a joint meeting next Thursday night at Maggie. The meqting will start at 7 pm I with a dinner served on the lawn - of the Maggie Sehool by women Of the Maggie Methodist Church, to be followed by a program at the Maggie Playhouse. The program will include ex hibition square dancing by Sam j Queen's Soco Team and dancing i for guests, songs by Betty Row land. accompanied by Pat Messer, and a talk by R C. "Bob" Francis, farmer-humorist of Ratcliffe Cove. Or. Robert Owen of Canton, j lieutenant governor of Kiwanis Division 1. will serve as master of ceremonies. I lye Sheptowitch, past president of the W'aynesville Kiwanis Club, and Sam MeCrary, president of the Maggie Valley Kiwanis Club, are co-chairmen for the event, expect ed to be attended by 200 persons. A special invitation has been ex tended to all Florida Kiwanis i members. An^^l Henry Reunion i Is Set For August 19 The annual reunion of the de scendants of Captain John Henry will be held Sunday, August 19, at 11 a m. at the Maggie Methodist Church. A picnic lunch will be served at 1 p.m. The program for the afternoon is to be announced. Ten universities, from Connecti cut to California, now admit women students to their Air Force Reserve Training Program. NEW 20 FT. NORGE deep freeze. $250.00 today. Hay- I wood Furn. Store. A 0 REAL ESTATE: New three bedroom homes, two baths, i with showers. Insulated overhead and side wall. Hot j air heat, automatic oil furnace. Weather stripped windows and doors. Kentile kitchen and bathroom floors. Factory built wood-1 en kitchen cabinets by! Marsh, with heat and acid resistance tops. Fireplace with raised hearth. Plaster on inside walls. Brick out side. $1-1,500. 5 LOTS 100 x 200 ft. Wooded on paved street, with water and sewer. Nice view. $2,000,00 each. See Homer Justice. Haywood Furn. Store today. A 9 This Is The LAW By ROBERT E. LEE (For The N. C. Bar Association) Interest What is the legal rate of inter est in North Carolina'' Six per cent a .war. That is. for a loan of one hundred dollars for a period of one year, the interest on the same is six dollars. By an agreement between the parties, the interest may he at a lessor rate of interest. The rate of interest is not necessarily all of the expenses in curred by a borrower on a loan. These additional expenses may de pend upon the business practices and policies of the particular lend er. the financial responsibility of the borrower, and the type of property the borrower ofTers as se curity. For example, if a person is bor rowing money on real property, the borrower is customarily required to pay the lender for the services of the attorney employed to search the title to the property and to draft the necessary legal docu ments. The cost of registering the legal documents in the court house is paid by the borrower. Some lenders insist that title in surance be purchased and that a survey of the property be made, the cost of which to be paid by the borrower. The lender may also insist that adequate fire and casu alty insurance be carried on the property. There is occasionally paid for the securing of the loan a brokerage fee or commission. The latter is sometimes called a "serv ice charge." "origination fee." or "settlement charge". Industrial banks and licensed loan agencies and brokers are per mitted to charge a statutory loan fee and to deduct in advance "in terest at a rate not exceeding six per Centum per annum upon the amount of the loan from the date thereof until the maturity of the final installment, notwithstanding that the principal amount of such loan is required to be repaid in installments " Jones borrowed $1,000 froni Smith and agreed to pay him inter est at the rate of 8 per cent per year. How much interest can Smith recover from Jones at the end of the year? None. By charging a greater in terest than 6 per cent per year. 1 Smith forfeits under the law of North Carolina all interest on the debt. The debt is stripped of all its interest bearing quality, and the lender is permited to recover only the principal sum loaned. If Jones has already paid to Smith the agreed interest of 8 per cent per year, he may recover fron Smith within two years after doin so twice the amount of the interps paid. This is a penalty that Smitl has to pay to Jones for receivin; from him more than the legal rat of interest. Adams recovers a judgmen [against Butler for personal in ; juries. Does the amount of tin I judgment automatically bear in i tcrest from the date it was ran dered? Yes. Interest is allowed on tin principal sum of the judgmen I from the time ij is rendered unti it is paid and satisfied. IT'S BFFV DRY LATELY, so Joy Woody took time oft from her duties as secretarv at the First National Rank to water the hurley tobaeeo and flowers in the bank's flower bed across from the drive-in window. It is not expected that the Find National's new crop of hurley will have any ma jor effect on the Western North Carolina tobacco market this year. (Mountaineer Photo). WCC Alumni To Meet Aug. 18-19 Tyree H. Kiser, Jr., Alumni Sec rotary at Western Carolina College i has issued an appeal to all Hay | wood County alumni to make reset j rations for the week-end of Augus '?18 and 19 at the college. He said, "Those who live at ; greater distance from the collegt ! are usually earlier in getting it their reservations. Many of thost in the nearby counties do not re serve rooms in the /? dormitory therefore, do not realiee the im portance of letting us know abou I the other events they plan ti attend " Kisor explained that since the school term wilt be over, accurate I ' preparation must be made for the 1 ! banquet Saturday night and the . picnic at Cherokee Sunday night In addition. Cherokee officials need notice as to tHe number of tickets to provide for admission to the various attractions there. Kiser said he is looking for ward to having a large number of Haywood County alumni present for the two-dav event, which begins at two o'clock Saturday afternoon, i the eighteenth, and closes with at- I tendance at the drama. "Unto i These Mills". Sunday night. ? ... Mrs. Clark Dies At 84 Mrs. Harriett Margaret Suttles Clark. 84. of Clyde. Route 1. died j ? Monday at 5.80 p.m. in the home of j a daughter. Mrs. Grover Rathbonc, j after a long illness. ( 1 She was the daughter of the late;, Robert and Mary Turner Suttles of ' Madison County and had resided t most of her life in Haywood j 1 County. Surviving in addition to Mrs. " Rathbone, are one brother, Jim ? Suttles of Flat Rock: one sister, Mrs. W. N. Jones of Leicester; i ' and five grandchildren n Funeral services were held Wednesday at 2 p.m. in Fines I Creek Methodist Church. [ ? The Rev Mrs. M. B. Lee and , f the Rev. Pete Hicks officiated, j (l Burial was in the church ceme-1 | trry. L> | Pallbearers were nephews. Crawford Funeral Home was in1 ' charge. t j ~~ ~~ i Local Church Has Answer To War, Flemming Says Dr. Arthur Flemming, director ' of the Office of Defense Mobili/.i-, ' fion, said in an address at Lake: ( _ Junaluska Monday evening that | ^ "the greatest problem facing the I world at this time is the issue of j . war or peace." ; Ih' said in referring to people | of the church that in dealing with It this issue "If we arc making the! ; greatest-'contribution to Our local , I ichurch, then we are answering the ; problem If We are not . , .' then t i. we arc a part of the problem." i Dr. Flemming, who is on leave ' j as president of the Ohio Wesleyan ; University, spoke at the lake under 1 the auspice- of the Leadership 1 School currently in Session there. He used the "Local Church an<1 iVar or Peace" as his topic 11... said that never before In his ory has attention "been focused ?s it has today on the coal of he Christian ideal." lie told his audience that 'Christ's church is Ihe one organi sation through which we can reach this coal." lie continued that to reach it we must keep in mind that it neces sary to accept the fact that "we are stewards of all We have" and that it is necessary to do a "better job of defining or redefining I tie ob jectives of Ihe local church." Dr Klemming said that "when the local church is fulfilling its mis sion, men and women are learn ing . . . that our greatest satisfac tion comes from helping our neigh bor." He said that people of the church "must keep our sights high and go out and recruit men and women capable of handling the programs of the church" and that "we must take more time in developing our local programs." DEATHS MRS. ELIZA JOHNSON Funeral services were held ws erday .afternoon in the Hazel wood 'resbyterian Church for Mrs, Cliza Harrison Johnson, (16. who lied Sunday following a brief ill- j less. The Rev. Paul N, Gresham and he Rev. VV. It. Marquis officiated.,' turial was in Buchanan Cemetery. Pallbearers were Lloyd and Rob- j >rt Buchanan. Don McCjure, ; rharles Mitchell, Jack MehafTey, ind Gene Burleson. Mrs. Johnson, a former resident if VVaynesville. died in a hospital n Norfolk. Va. where .she was vis ting. She was a native (>f II a,V vood County where she lived until die moved to Ashevllle about 10 ? ears ago. Surviving are four daughters, llrs, Alfred Knight of Huntsville, Ma., Miss Selnia Johnson of Ashe-' vill?r*. Mrs. P. II Henley of Waynes- , . ille, and Mrs. E. ft. Cox of Nor- ; oik: three sons, GrarTj Johnson if Waynesville, Leonard Johnson if the Navy, stationed in Norfolk, ind Joe Johnson of Ashevllle: one aster, Mrs. Walter Buchanan of Waynesville. Rout.? 1; one brother, Wilbur Harrison of Sedro-W'Ooley, Wash.; and a number of grand- j ?hildrcn. Arrangements were under the lirertion of Garrett Funeral Home. IAFF-A-DAY * f V T " I Ji. w Pfik im, "wnww -!<*!??* ? , "I promised vou a fur coat and you're going to GET ? a fur coat!" A Wise Man Once Said... 'The Future Belongs To Those Who Plan e For It Today!" So if you're saving for your family's future . . . W HERE you SA\ E does make a difference. Savings at The First National Bank means many ad vantages. Of primary importance is the attractive dividend we pay on savings. Service is also an important item. ( ome in today and open a Savings Account with us and insure your family s future. ? Your Money Earns 2V2% Interest ? 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The Waynesville Mountaineer (Waynesville, N.C.)
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Aug. 9, 1956, edition 1
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