THURSDAY, MAY 24th, 1943
THE NEWS-JOURNAL, RAEFORD. N. C
PAGE THREE
State College
Answers Timely
Farm Questions
QUESTION: Where can I get a
wet bulb thermometer tu use along
with my regular thermometer in cur
ing tobacco?
ANSWER: These hygrometors
may be difficult to obtain at this
time. A postcard to E. G. Moss of
the Tobacco Branch Experiment Sta
tion at Oxford will bring you the
na.res of some companies to whom
you may write for this instrument.
QUESTION: What is the status of
rural electrification in North Carolina?
ANSWER: At last reports the
public, utilities had 15,907 miles of
line at a cost of $16,498,730 serving
109,183 customers. Certain muni
cipalities had invested $1,8B3.880
to serve 13,612 customers with 2,123
miles of line, REA cooperatives have
12,268 miles of line for 40,349 cus
tomers and the cost is $15,227,721.
There are 28 REA cooperative systems
in the state. Prof. David S. Weaver,
head of the Agricultural Engineer
ing department at State college pre
dicts a rapid expansion of rural elec
trification facilities in the future.
QUESTION: How is the best way
to keep feeti in the broodtr house?
ANSWER: T. T. Brown, Exten
sion poultry specialist at State Col
lege, says that he does not keep
his feed in the brooder house. If is
must be kept there, it should be
placed up off of the floor, either con
crete or wood, and not in contact
with any litter, regardless of how
dry it may appear to be. Even a
small amount of moisture may cause
the feed at the bottom of the bag
to mould. Recently Brown visited
a 4-H club boy who had been feed
ing some slightly moulded feed. He
lost 70 chicks out of 100 in 3 days.
fl
OPA announces an intensive at
tack on the rr.eat black market. The
staff- of investigators is being en
larged and more visits will be made
to stores.
Cowpeas, soybeans, and velvet
beans planted in corn wi" provide
excellent grazing for the late fall.
Twelve to fifteen tomato plants
per person are needed to furnish
fresh tomatoes and some extra for
canning.
iv i Facts frm the
LV'R f 1944 ANNUAL REPORT
f " Carolina r Company
Almost 31 cents
out o each dollar
paid or electric servict
goes to tax collector
OUR INCOME Our total eperatirj income In 1944 wai $18,-
053,936, an increase; of 1.4, or $245,528 overt 943. Net income, the amount left
after all expenses were paid, including taxei, was $2,350,114, or 6 less than
the previous year.
3J
WHAT INVESTORS EARNED out of ..t i.m.
stockholders, whose money made this enterprise possible, received $1,730,225
on their investment in the Company. These folks, who have taken the financial
risk, received over two-thirds LESS last year than the tax collectors. After pay
ing dividends out of net income, $619,889 remained. This was transferred to
surplus.
TAXES CONTINUE UP! This is no complaint. It is just a
fact. Altogether taxes charged to our electric and bus operations last year were
$5,568,763. That's approximately 31 cents out of every dollar taken in. It is
2 times the Company's operating payroll, or more than three times the divi
dends paid stockholders. Taxes on our electric business alone amounted to $350,
172 MORE than all the money received from ALL our residential and rural custo
mers during the entire year. The Company is a taxpayer ... not a drain on the
public treasury.
wmam
ON UNCLE SAM'S TEAM 386 of our employees have
been inducted into military service. Seven of this number have made the su
preme sacrifice. The employees at hoxie are busy supplying electric service to
many military camps, war industries and other war projects, in addition to meet
ing increased normal requirements of our regular customers.
WHO ARE INVESTORS 8,328 stockholders, three-fourths
of whom live in the Carolinas, own all of the Company's Preferred Stock. The
National Power 4 Light Company, which has been ordered by the Security and
Exchange Commission to divest itself of its holdings in the Carolina Power &
Light Company, owns all of the common stock of the Company. Eleven in
surance companies, all of which do business in this area, own all the bonds of
the Company. If you have an insurance policy, chances are part of your
money has been invested in Carolina Power & Light Company securities.
WE'RE LOOKING AHEAD When the war is over, the
Carolina Power & Light Company will have plenty of electric power to meet the
needs of peace. Surveys made by the Co" -any indicate that there will be a
large peace-time demand for electrici'- y customers in all classifications.
There will be plenty of power to meet c h demands, be it for a small resi
dence or a large industry.
President.
AVERAGE RATE CONTINUES DOWN
The average price for residential electric service in 1944 was approximately 2.7
cents per kilowatt-hour. That means the average price in 1944 was actually
less than before the war , . . about half what it was ten years ago . . . less than a
third the average price of twenty years ago. Throughout the nation as a whole,
the average price for residential electricity last year was about 29 per cent above
the average price paid by residential customers of this Company.
R. CARPENTER
Assistant Secretary and
Assistant Treasurer
ftaletlh, North Carolina
R. LEE ELLIS
President. Coca-Cola Bottling
Company of
Ashevllle. North Carolina
JAMES L. McNAIR
Industrialist
Laurlabure. North Carolina
BOARD Of DIRECTORS
J. L. COKER
President. Conoco Producta
Company
Hartsvllle, South Carolina
R M. HANES
President. Warhovta Bank
and Trut Company
Winaton-Salem, North Carolina
L. V. SUTTON
President and Central Mimitr
Hakiah, North Cttu.ii.a
C. J. CURRY
tocrctary and Treasurer
Raleigh, Noffh Carolina
J. A. JONES
Superintendent nf Tranwrr.iw.ot
Raleish. North Carolina
C. S. WALTERS
Vic Prenident
Manaser Wern Divlntofi
Aheilie. North Ceiolina
W. rf. WEATHER SPOON
Vl President and General
Coun'tl
llTh, North Carolina
ALEXANDER WEBB
President. The N C Homi
Inutpnre Company
truth, Norlh Caiuiina