Newspapers / The News-Journal (Raeford, N.C.) / July 8, 1943, edition 1 / Page 4
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PAGE FOUR THE NEWS-JOURNAL, RAEFORD, N. C THURSDAY, JULY 8, 1943 SCHOOL NEWS The Board of Education at its regu lar meeting on Tuesday set the dates for the opening of the schools of the county for our first 9 months term. They are as follow: White schools will open on Sept. 27th and close on June 1st. During this time at the discretion of the prin cipals, there will be school on 8 Satur days. The Negro school.? will open on Oc tober 25th and close on June 13th. leaching 16 Saturdays. The Indian schools will open Oct.i bcr 2."Hh and close on June 13th teach ing 16 Saturdays. At the same time the Board adoptee', the budget for the year 1!M:i-44 and airdered it submitted to the Board of Coun'y Commissioner" for their ap proval with the request th.it a levy of JH cents be mr'de. This w as the same as l.i.-t years levy. The Superintendent and County Auditor reported to the Boards that the fund' were in hund for the retire ment of $29.0(10.00 worth of bonds coming due this month. The teacher list was approved for the year. The Superintendent reported that all but 3 vacancies were filled. The Board approved the insurance values and ordered that the insurance be written. Alexander Geddie, principal of the Bridges Grove Negro school, has been inducted into the army ar.i has sub mitted his resignation. O New Income Tax Payment System Effective Now RURAL PEOPLE READY TO SPEND $786,000,000 FOR AUTOMOBILES (FROM THE AMERICAN PRESS) Washincton. July 1. The govern ' ment today inaugurates the most I 1 thorough-going innovation ever inau- ; , traduced into the nation's tax collec- : ti. n syitem a 20 per cent tax to be I withheld from the wages and salaries !of most United States eitbens before' I hev receive their nav. The law is ! ve-v effective for the first pav period be- ; "' 1,10 au-'vc figures are based ' "inning on or after Julv 1. meaning "1 'hp proportion of each type of ! Tn.-.t there will be n.. deductions from' K""li 1 which were said t rural rt of June. 1 America wnen tr.e iaisi census was t taken, together with other mforma- I tion which would influence sales to In rural America alone the farms and towns of under 10,000 population there will be an imme diate market, as soon as the war ends, for about $786,000,000 worth of automobiles, $2,500,000,000 worth of new homes, $430,000,000 worth of household appliance", and $350,000, 000 worth of home furnishings, computations based on a nationwide survey made by the U. S. Chamber of Commerce indicate. The Chamber of Comirerce sur- was completed at the end much higher than before the war because of the spread of rural elect rification. Many of the farm inm-ilie-. who have only within the last two or three years had electricity have never been able to purchase the appliances they will want as soon as they are available. The survey of the Chamber of Commerce shows that S8rr of farm ers who own their own homes are planning major improvements to their property after the war. 452, 000 farmers plan to build outbuild ings. 3P6.000 arc planning to to re pair barns. 338,000 will repair out- AMERICAN HEROES BY LEFF paychecks covering any pa The withholding levy is part of the broad, new pay-as-you-go tax plan adopted by Congress and signed into law by President Roosevelt after one of the most vigorous and prolonged battles in Congressional hi-tory. REPORT OF CONDITION OF THE BANK OF RAEFORD of Raeford, in the State of North Carolina at the close of bus iness on June 30, 1943. ASSETS Loans and Discounts $218,809.51 United States Government Obligations, direct and Guaranteed 559,664.06 Obligations of States and political subdivisions 83,708.28 Cash, balances with other banks, including re serve balances, and cash items in process of collection 481.091.49 Bank premises owned $12,915.07, furniture and fixtures $3,270.97 16,186.04 Real estate owned other than bank premises 1.00 Other assets 2,957.49 TOTAL ASSETS $1,362,417.87 LIABILITIES Demand deposits of individuals, partnerships. and corporations $835,450.59 Time deposits of individuals, partnerships, and corporations 211,700.84 Deposits of United States Government (includ ing postal savings) 122,367.79 Deposits of States and political subdivisions 43,282.54 Other deposits (certified and officers' checks, etc.).... 869.63 TOTAL DEPOSITS $1,263,670.95 Other liabilities 3.044.51 TOTAL LIABILITIES (not including sub ordinated obligations shown below) $1,266,715.46 CAPITAL ACCOUNTS Capital $25,000.00 Surplus 60,000.00 Undivided profits 10,702.41 TOTAL CAPITAL ACCOUNTS 95,702.41 Total Liabilities and Capital Accounts .. $1,362,417.87 ' Thi: bank's capital consists of common stock with total par value of $25,000.00 MEMORANDA Pledged assets (and securities loaned) (book value) (a) U. S. Government obligations, direct and guaran teed, pledged to secure deposits and other liabilities $229,800.00 (e). ..TOTAL ..229,800.00 Secured and preferred liabilities (a) Deposits secured by pledged assets pursuant to requirements of law 229,800.00 (e) TOTAL 229,800.00 Subordinated obligations (a) On date of report the required legal reserve aga'inst deposits of this bank was .... 178,080.00 (b,t Assets reported above which were elegible as legal reserve amounted to 481,091.00 I, W. A. McDonald, Asst. Cashier, of the above-named bank, do somely swear that the above statement is true, and that it fully and correctly represents the true state of the sev eral matters herein contained and set forth, to the best of my knowledge and belief. W. A. McDONALD. Correct. Attest: T. B. UPCHLTvCH, Jr. J. B. THOMAS F. B. SEXTON e. b. McNeill h. l. gatlin j. l. McNeill, Directors. State of North Carolina, County of Hoke, ss. Sworn to and subscribed before me this 7th day of July, 1943, and I hereby certify that I am not an officer or director of this bank. JESSIE B. FERGUSON, Notary Public. My commission expires March 29, 1944. rural America. Thus, in the case of automobiles, the census of 1939 howed that 38.7 of sales in small towns is therefore estimated at 33 "r'c of that figure. MANY INTANGIBLES l These figures can only give a guess-work indication of the actual 1 rural market after the war, how ! ever, for there are many intangible 1 factors which must be taken into i con -ideration. In the case of auto , mobiles again, that figure may give a fairly close picture of the prob j able orders dealers in small towns : will get the month the war ends, but it does not include the pur i chases of automobiles rural people will make in the larger towns. In the case of appliances, it is I expected that rural sales will be oi i tiuildmgs, 2H(i.O0il will build new barns, 206.000 will build or repair fences, 147.000 will repair tenant houses, 105,000 will paint building . 87.000 will build new tenant houses and 2.800,000 will make miscellan eous improvements. As to the amount they will spend for these repair-, 20 intend to spend over $500, 52 will spend be tween $100 and $500 and 28rr will spend $100 or less. This means an immediate jpostwar home and farm improvement market of at least $6, 000,000,000. A:i for the present financial set-up of the people in the rural areas, 31 reported that they are better off to day than they were before the war. 46 are as well off and only 23 reported that they were worse off. Furthermore, 40 feel that they have more to spend for non-essentials than they did before the war, 31 feel that they have about the same and 29 say they have les. It was also found that 53 of ru ral families are saving money at the present time which they can spend for postwar purchaser. Home-Canning Suggestions . Housewives doing home-canning ; with wartime jar caps are cautioned to follow explicitly the instructions of the cap manufacturers if they wish to avoid unhappy experiences and waste . in their patriotic effort to conserve. Spoilage of food and breakage of jars is certain to result, if instructions are ' not followed to the letter. 1 Proper methods and careful can ning will insure excellent results, more important in the present food situation than at any other time. The Glass Top Seal fruit jar cap, a wartime product developed to con serve metal, requires careful use, ac cording to the home service depart ments of fruit jar manufacturers. This cap consists of a metal band, glass lid and rubber ring. With these three widely varied materials making up its component parts, the cap must be used according to important but easily followed instructions. First of all the cap is not recommended for and must not be used in oven canning. If the food is procesed (cooked in a jar), one inch of space must be left in the top of the jar when filled, in order to allow room for expansion. If an open kettle is used, one-half inch space must be left in the top of the jar. The next step is to place the rubber around the projection on the bottom side of the lid must then be placed so that the rubber lies between it and the top edge of the jar. All jars on which top seal closures, either glass or metal, are used must have smooth top edges. The band is then applied tightly and immediately loosened slightly, about one-quarter of a turn. Bands must fit loosely during the processing, or cook ing. If an open kettle is used, the bands are to be screwed tight as soon as the jar is filled. After the pro cessing is completed, the bands are screwed tight to complete the seal. The bands may be removed 12 hours after the canning operation. At no time should the filled jars be turned upside down. TENTATIVE BUDGET Tentative budget for 1943-44 period adopt ed by Town of Raeford, Board of Commis sioners at their regular meeting held July 6th, 1943. C. R. FREEMAN, Clerk. ESTIMATED REVENUE. Tax Revenue ...... $20,000.00 Tax Penalties 200.00 Intangible Ta ...... 250.00 Water Revenue 8,000.00 Water Taps 50.00 Labor and Materials sold 750.00 Key Charges 25.00 City Court 225.00 Cemetery House Rent 75.00 Miscellaneous Revenue 500.00 $30,075.00 ESTIMATED EXPENSE. Administrative Salaries $ 2,275.00 Police Department 3,220.00 Fire Department 500.00 Street Department Labor 1,750.00 Street Department Miscellaneous Expense 1,965.98 Water Department Labor 2,600.00 Water Department Miscellaneous Expense 1,296.70 Street Lights 1,796.04 Hoke County Library 200.00 Cemetery Labor 100.00 Municipal League Dues 21.28 Bond Maturities 6,000.00 Bond Interest - 4,350.00 Sinking Fund 3,000.00 Miscellaneous Expenses 1,000.00 $30,075.00 i . i jMl MM IN Vj Beraute he sealed the walli of the fortification at Ka-lia Mcliilia, French Morocco, and from that hazardous position diverted the atten tion of the enemy with his rifle fire, enabling our troops to enter through the main (airs of the fort, Ffc. C. I Mohler was awarded the Distinguished Service Cross. He risked his life for you. How many more Bonds and Stamps can you aflord, to help him? Figure it out yourself. U. S. Trtasury Dtpartmtnt Farmers Asked To SendSawIogstoWar By A. S. Knowles County Ajfr.nt. Lumber is a critical war material. It is NOW urgently needed for war purposes. Many sawmills throughout North Carolina are now idle due to shotage of labor and logs. Farmers are being asked to help in meeting the shortage. We believe that the farm ers of Hoke County can help and will be rendering a patriotic service in aiding to get out sawlogs. Some mills operate seasonally and others are idle now due to lack of la bor for cutting logs. Many of our farmers do not have large amounts of timber for sale. Vet there are many places in which a sawmill can be op erated on a community basis by each farmer cutting a few trees 1,000, 5, 000 or 10,000 board feet and deliver ing the logs to a central point where a mill might be placed. A few spare days between crop seasons with farm labor and teams will send many saw logs to war and help in winning this war and bringing an earlier peace. Every neighborhood leader can help in organizing a "Sawlog for War Pro gram" in his or her community. We Are Asking Every Farmer who is wil ling and can cut a few logs on his own land or who is willing to aid his neigh bors in cutting logs to report to the county agent's office. We will then endeavor to help you in getting a com munity sawmill located in your neigh borhood. Harvest Your Timber Wisely. Cut your timber with an eye to the future. We will need enormous quantities of lumber after the war is won. Don't cut your woodland destructively; leave it in condition to produce anoth er timber harvest in a few years and provide a steady income. A good plan is to harvest all mature, marketable trees and thin the dense young stands in such a way that the remaining trees will make more rapid growth. Re member that a thrifty growing 10 to 12-inch tree will double in volume in ten years. Destructive Cutting is Not Necessary To Meet The Pre;ent Emergency. O Mr. and Mrs. W. L. Norton and small daughter, Harriet, of Selma and Mrs. Lila Snow of Wilmington spent the week end with Mr. and Mrs. M. M. Culbreth. LEGAL NOTICES ADMINISTRATORS NOTICE The undersigned, having qualified as administrator of the estate of the late W. D. Smith of Hoke County, hereby gives notice to all persons in debted to said estate to come forward and make settlement with the under signed immediately; and all persons having claims against said estate will present the claim duly verified to the undersigned, on or before the 25th day of June, 1944 or this notice will be pleaded in bar of their recovery. This, June 25, 1943. James Johnson, Administrator of W. D. Smith, deceased. 4-10 Garvin. ADMINISTRATRIX'S NOTICE The undersigned, having qualified as administratrix of the estate of the late James Wiley Hewitt of Hoke County, hereby gives notice to all persons indebted to said estate to come forward and make settlement with the undersigned immediately; and all persons having claims against said estate will present the claim, du ly verified, to the undersigned on or before the 30th day of June, 1944, or this notice will be pleaded in bar of their recovery. This June 30th, 1943. MRS. JAMES W. HEWITT, Administratrix of James Wiley 4-10 Hewitt. Mr. and Mrs. Harvey Townsend and Miss Mary Frances McNeill of Red Springs and Mr. H. M. Duncan of Asheboro visited Mr. and Mrs. J. E. Townsend during the weekend. Mrs. W. R. Gray and daughter, Beatrice of Baltimore, Md. spent the holidays with Mrs. Gray's sisters, Miss Annie Moore and Mrs. Lula Butler. ADMINISTRATORS NOTICE Having qualified as administral or of the estate of W. J. Long, late of Hoke County, North Carolina, this is to notify all persons having claims against the said estate to pre sent them to me duly verified, on or before the 21st day of May, 1944, or this notice will be pled in bar of their recovery. All persons indebted to the said estate will please make immediate settlement. This 21st day of May, 1943. H. A. Long, Administrator, C. T, A. A. D. Gora. Att'y. 51-5 - pd. NOTICE OF TAX FORECLOSURE SALE Pursuant to an order dated July 6, 1943, fay the Clerk of Superior Court of Hoke County, N. C, I as commis sioner will offer for sale at public auc tion at the courthouse door in Raeford, N. C, to the last and highest bidder for cash at 12 o'clock noon, on August 3rd, 1943, the following property, known aj the Mary McAlister, de ceased, estate: In Antioch Township, Hoke County, N. C, and being the 10 acres devised by Ben McRae to his daughter, said Mary McAlister, as appears at page 44 of Book of Wills No. 1 in the office of Clerk of Superior Court of said County, to which reference is made for further details and description. Posted July 6, 1943. ARTHUR D. GORE, 5-8 Commissioner SEE RED ROBINS vs. THE WAKE FOREST ARMY FINANCE SCHOOL Sunday, July 11, 3:30 Batteries: Bobbins Bill Gates and Jim Moss W. F. A. F. S. Stuka and Dawson Robbins' Park Red Springs, N. C. u 9 4
The News-Journal (Raeford, N.C.)
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July 8, 1943, edition 1
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