9 •
Page 4
VaideUNeal
To Ee Honored
Vardell L. Ntal r>f the Kings
Mountain braivch {>fficc of Liber
ty Life Insurance Company will
be amonr the 17 representatives
^onored at the company’s region-
lal sales conference being hold
January 27.
' Mr. Neal will be presented with
'a gift and a service emblem for
'20 years with the company as an
'.agent.
• Francis M. Hipp, president and
^airman of tiho board of Liberty
Life, will make the principal
‘■kpecch at the banquet at the
iWhite House Inn. Appro.\imatc-
'ly 270 representatives from 191
toranch offices in tlie Charlotte,
darea will attend tlie confeiente,|
iWhich includes an afternoon bus-!
ilness meeting for managers and
istiil f members. ■
•< Attending are repre.sentative.s
'ifrom Alb<‘marle, AshCboro. Bur
lington, Charlotte^KasI, Charlotte-
jWest, Concord, Forest City, Gaff-
iney, Gastonia, Grt'enshoro. Hick-'
Pfitii, Kings .Mountain,
oMonroe, Morganton, Rock Hill,
Salisbury, Shelby and Statesville.
THE KINGS MOUNTAIN HERALD. KINGS MOUNTAIN. N. C.
Thursday, January 23. 1969
School Gets
Dimes Gilt
The school for the handicapped
in Shelby Tuesday received a
check in the amount of $250
from the Cleveland County Chap
ter of the .Mauh of Dimes.
The check was presr-nted to
Mrs. Robert Burns, director of
■ the school, by Cliarles Harry, III,
and Boy(* J, Hanna, fund drive
chairman for this year's drive.
The che.k was presented at thej
Hunter .Scliool where classes are
held for the handicapped chil-i
dren.
-Mr. Hanna sail it was import
ant that citizens are aware of
the work being done for handi-'
capped children here in Cleve-j
land County, and it is also sign!-;
ficant tliat a part of the funds^
collected each year in the drive,
is usckI here in our own area.
This year's March of Dimes
Fund Drive will be climaxed by
the Mother's March which will
be held between nrnv and the end:
of the month. The American Le-;
gion members collected dona-1
lions in downtown Shelby last
.Saturday, with collecliors show-
Wright Wins
Aimy Medal
U. S. ARMY, VIETNAM (AH-
TNCi Specialist Five James
H. Wright, 21, son of Beck H. |
Wright, Grover, N. C., recently
received the Army Commenda
tion Medal while serving with the
1st Cavalry Division (Airmobile)
in Vietnam.
He earned the award for meri
torious service as a gunner in
Battery B, 2nd Battalion of the
division’s 19th Artillery. i
The Army Commendation Med
al is awarded to personnel who
while serving with the Army dis
tinguish themselves by heroism,;
mcritoriocs achievement or meri-j
torious service. The medal was
established by the Secretary c(f|
War on December 18, 1£M5.
Speeding is involved in more
than one-third of all fatal auto-1
mobile accidents in North Caro-!
lina.
World Oi Karate
(Continued From Page Three) \
opments abroad are well worth
pondering. A strong youth pro-j
gram in any country is, of itself,!
going to foster a strong growth,
in the arts in any country. Young-;
sters take up the arts earlier and
stay with them longer. And, of
great importance, in starling!
early they build up greater pro :
ffciency in their art, thus raising
the general levels of skill. 1
Tills is the sort of general ap-
proach to the arts that everyone,
it seems, could agree on. Yet, sad
ly, there just is no well thought-;
out and directed youth program;
in this country. Oh, certainly,
every major figure in the martial;
arts and sports solemnly unbur-;
dens himself from time to time
to say that he is in favor of more;
young people taking up the arts.
But that's generally the end of
it. No action is taken. No plans
are drawn. No organization is
set in motion. The same old iner
tia sets in, and almost eweryone!
goes on aliout his liusiness as be-,
fore. The result is a c-olossal fail-j
ure in this counti-y, at least until
(|uite recently, of any major pro
gram to introduce the arts into
the schools. And yet there is not
the slightest doubt that a great
number of the nation's grade
school and high school students
would gi d.sp at the chance to take
up one of the arts. '
TAYLOR'S
UPHOLSTERY
SHOP
All Work Guaranteed
— FREE ESTIMATES —
504 E. King St.
Kings Mountain. N. C.
PHONE 739-6661
6:13tfn
I
ing just over one hundred dol-j
lars. The tentative goal for this
year’s fund drive was set atj
$7,000. 1
STATEMENT OF CONDITION
HOME
SAVINGS AND LOAN ASSOCIATION
OF KINGS MOUNTAIN. N. C.. AS OF DECEMBER 31st. 1968
(Copy of sworn statement submitted to the commissioner of insurance
as required by law.)
ASSETS
THE ASSOCIATION OWNS:
Cash on Hand and in Banks S 355,314
State of North Carolina and U. S. Government Bonds 440,242
Stock in Federal Home Loan Bank 71,500
Mortgage Loans -S 9,284,892
Money loaned to shareholdor.s for the purpo.se of enabling them
t'- ovvm their home.s. Each loan secured by first mortgage on local
improved real estate.
Share Loans $ 211,251
Advances made to our shareholders against their shares.
Office Furniture and Fixtures 23,702
Office Building S 97,234
Other As.sets $ 132,752
TOTAL ~.yi0,616,887
LIAtBILITIES
THE ASSOCIATION OWEST^'
To Shareholders
Fund.s entrusted to our care in the form of payment on shares
as follows:
Full-Paid Shares $3,509,300
Optional Shares .$6,032,724
Other Shares $ 9,542,024
) Notes Payable, Federal Home Loan Bank $ NONE
) Notes Payable, Other $ NONE
-Money borrowed for use in making lotins to members. Each note
approved by at least two-thirds of entire Board of Directors as
required by law.
Accounts Payable $ 1,991
Loans in Process $ 288,866
Undivided Profits $ 54,633
Re.serve for Uncollected Interest $ 1,700
Federal Insurance Reserve (If Insured) $ 423,436
Reserve for Bad Debts $ 289,701
To be used for the payment of any losse.s. if substained. This re
.serve increases the safety and strength of the Association.
Other Liabilities $ 14,536
total .$10,616,88'7
STATE OF NORTH CAROLINA
COUNTY OF CLEVELAND ss.
Thomas A. Tate, Secretary-Treasurer of the above named Associa
tion personally appeared before me this day, and being duly sworn,
says that the foregoing statement is true to the best of his knowledge
and belief.
THOMAS A. TATE,
Secretary-Treasurer
Sworn to and subscribed before
me, this 21st day of January, 1969.
EMILY A HERNDON.
Notary Public
My Commission Expires Jan. 26,
1970.
1-15-63—IM
COMPLETES SCHOOL — Army
Pvt. Ned E. Bridges recently
completed eight weeks of mis
sile school in Fort Bliss, Texas
and is now serving with 6th
Bn.. 60th Arty. Division, Graif-
enwour, Germany. Pvt. Bridges
parents, Mr. and Mrs. Clyde
Bridges ond wife, Wanda, re
side at 1107 Gold St Ext, Kings
Mountoin.
Baptist Set
Layman's Day
Layman’s Day wil be observed
Sunday at Kings Mountain Bap
tist church. 1
iMarion Dixon is chairman of
the committee on program ar-
rark-jiements for the day. At the
11 o'clock morning hour Mr.
Dixon, J. C. Bridges, Bob HuU-
caider. Dr. D. F. Hord, Reg Weav
er and Willie Williams will lead
the service.
At the evening service the Rev.
James Wilder, pastor, will use
the sermon topic, ''God's Message
of Comfort and Assurance.”
A&PTea
Decentializes
NEW YORK — The Great At
lantic & Pacific Tea Company,
Inc. has announced a major de
centralization move el.'fective
w:hen the nation’s largest food
retailer begins its new fiscal
year February 14.
Melvin W. AUdredge, chairman
an'.l chief executive officer, said
“the new organization structure
is designed to facilitate decision
making by local management and
to provide more flexibility in
operating store groups averag
ing more than $150 million a year
in sales."
A & P is delegating operating
authoritSy for its 4723 stores to 33
autonomous Divisions in the,
United States. Canada will con
tinue to operate as a subsidiary|
company. The Great Atlantic &
Pvc'fic Tea Company, Limited.;
U. S. Divisions will be grouped!
into four regions - Eastern. Cen
tra). Southern and Western.
‘tin today's fast-moving, keenly;
ermpetitive business of food rc-|
tailing,” Mr. Alldredge said, “it;
is important that the men re
sponsible for buying, distributing
and selling, and the operations
of our stores, be in position to
move quickly in response to the
needs of their local markets.”
The .33 neiw U. S. Divisions each
will be headed by a general man
ager, who also will bo a regional
vice president.
Present division presidents,
who also are corporate vice pres
idents, will continue as company
officers at New York Headquar
ters and will have liaison respon
sibilities for regional areas. They
will have offices in New York
and also maintain offices in the
respective regions.
Increased flexibility at the new
divisional level js expected to ex
pedite operating decisions and
administrative procedures by es
tablishing direct communication
between Headquarters and the
selling divisions, Mr. Alldredge
said.
The decentralized structure is
consistent with the faster-paced,
more streamlined approach to
the business reflected in policy,
personnel and other changes that
have occurred since last June
when the present executive man
agement team was installed.
J. H .Cornelius is vice-president
in charge of the Charlotte, N. C,
division.
PLONK’S
if
ALL LADIES' DRESSES, COATS,
SUITS, SKIRTS, SWEATERS,
SLACKS, KNIT TOPS
PRICE
Entire Stock Men’s
SHITS
Were .$49.99 to $95.00
$35.88 to $72.88
All Men’s Felt
HATS
Vs OFF
Men’s Famous Brand
SWEATERS
‘A OFF
Group Boys
SUITS. SPORT COATS Vz Price
Men’s Up To $13.99
LOAFERS
$5.88
All Boys’
SWEATERS
Vi Price
All Men s Up To $6.99
SPORT SHIRTS
S3.99to$199
One Group Ladies’
RORES, HOUSE COATS . ‘A OFF
Entire Stock Boys’ Long-Sleeve SPORT &
SPORT & KNIT SHIRTS 1.44 - 2.99
Entire Stock Men’s Long-Sleeve Were .$6 to $9
KNIT SHIRTS S3.S3 to $5.99
Nvlon-Ravon Were $5.99
Thermal rlankets $4.44
All Men’s Winter
SPORT COATS
Were $23.99 to $54.99
$16.88 to$39.99
Entire Stock Ladies’
RLOUSES
*A OFF
Group Men’s $6.98 Value
WESTERN lEANS
$3
Entire Stock Men’s
LINED lACKETS.
20% OFF
All Bovs’ Lined
lACKETS
20% OFF
Ladies' Seamless Mesh
HOSE
3pr.$l
Boys’ Fleece-Lined Hooded
SWEAT SHIRTS.
$1
N.vlon-Rayon Blend .S4.99 V'alue
RLANKETS
$3.44
Boys’ Zip-Turtleneck
VELOUR SHIRTS
$1.77
Men’s Zip Turtleneck (s-m-l-xl)
VELOUR SHIRTS
Entire Stock Men's
DRESS PANTS
Were $6 To $18.99
$4.44 to $12.44
PIECE GOODS
KNITS — DACRON & WOOLS —
lEWELL TONE PRINTS — DRAPERY
MATERIAL — CORDUROY —
DACRON & COTTONS — PERMA-
PRESS SUITINGS
VALUES TO 3.00
58c Yd.
PLONK’S
Bankamericwd
CITY TAX USTIIE UNDERWAY
City Hall Courtroom - Monday thru Friday 8:30 to 5
List Early and Save Time-Listing Period Ends F eb 3-PenaIty F or Late Listing