Newspapers / The Cherokee Scout (Murphy, … / Oct. 1, 1964, edition 1 / Page 12
Part of The Cherokee Scout (Murphy, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
As We Move We Pause To Extend Congratulations To The Cherokee Scout On Its 75 tb Anniversary Factories use electricity to power tools and machinery and to heat and air condition buildings for em ployee comfort. They are finding that electricity performs for them efficiently and economically. Down through the years local business and industry have had an abundant supply of low-cost electricity. . . electricity that means more productivity, higher profits, and more jobs. One of our consumers is Tycora located in the Peachtree section of Cherokee County. Financial Statement BALANCE SHEET 1963?1961* Capital Assets: 887 707 13 Less Depreciation 26$ 562 86 1U> 57 Other Assets: Depreciation Funds 15 863 10 Special Ponds 5 6t?5 92 Cash - General Use 8 382 39 Accounts Receivable 23 399 OU Materials & Supplies 20 U98 20 Prepaid Insurance 2 629 53 Other Assets 1 019 00 Total Assets 699 581 U5 Liabilities : Contribution for Debt Service 31* 1*82 70 Accounts Payable 16 725 51* Customers Deposits 15 353 11 Earned Surplus to date 633 020 10 Total Liabilities 699 581 l?5 a message from the board and manager We are happy to report that your system has an abundant supply of wholesale power at its command. Through a long-term contract with the Tennessee Valley Authority, we are assured of low-cost power for years to come. This is the reason your system's in business ? to provide you with the best possible ser vice at the lowest possible rates consistent with sound business practices. Your system is modern in every respect, capable of bringing this low-cost power to your home, business, or industry in the quantity you need. We serve you the power you require at one of the lowest electric rates in the United States. In addition to these services, your system serves in two other important ways. Realizing that industry is the lifeblood of any community, we search for industry and more economic strength for our area. Our abundance of low-cost power is a tremendous selling point, and we do everything possible to get this mes sage across to as many industries as we can. The other way we seek to serve you, our consumers, is through FREE engineering services - - - No matter what electrical problems or questions you might have in your home, business or industry, our engi neers are available to help you solve it. We provide their services free of charge. We are also happy to report that your system is in sound financial condition. The balance sheet for the current fiscal year is in this report. Your electric power system is twenty - five years old, still young and vigorous, because we have kept pace with our consumers and their needs, and with our community and its business and industry, and with the economy that has created more change during our lifetime than any other period in history. Members of the Murphy Electric Power Board are (L-R) John H. "Buster" Bayless, J. H. Duncan, Frank Forsyth, Noah W. Lovin good, Herman Edwards, and Hobart L. McKeever. Here is Another example of all-electric living. This lovely home belongs to Mr. and Mrs. Tommy Gentry, Andrews Road, Murphy. Any style home in any price range can economically be equipped for the benefits of carefree all-electric living. 71 Thta beautiful homr of Mr. ?nd Mrs. Oran Win of the Peachtree area, Is typical of many aU electric homes here. Mr. and Mrs. Witt are enjoying the wonderful benefits of dependable, con venient, and economical electrical living. After Our streets are safer with improved street lighting. I
The Cherokee Scout (Murphy, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 1, 1964, edition 1
12
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75