ran week m WASHINGTON A IUwim of Oommntni Hap IMBiogi In tba National Caoital Even though President Tru man's fighting menage was re ceived coldly by a hostile con gress amid almost stolid silence, one man, embarrassed, shy and almost apologetic, -received a tremendous and spontaneous ova tion from Democrats and Repub licans alike when he entered the bouse of representatives on the memorable day of the President^ state of the union message to the congress. . He was George C. Marshall, secretary of state, a roan apart who flushed and smiled as he acknowledged a wild rising dem onstration from the legislators given the soldier-statesman as he fumbled for his seat. In the at mosphere of tense partianship occasioned by the . President's state of the union message, the tumultous greeting given Gen Oeral Marshall was pointed out by old-timers on capitol hill as something out of the ordinary. One thing is pertain, every man and woman in the nation can understand the President's tax reduction plan. There is no slide rule calculation necessary to de termine what the tax reduction would be under his formula of a $40 cost of living tax credit for every taxpayer and his depend ents. It is a foregone conclusion, however, that chairman Harold Knutson of the house ways and means committee will attempt to pigeon-hole the President's sug gestion in lieu of his own tax cut bill which provides for across the board cuts on a percentage basis. Consistent in his stand that government revenues should not be slashed at this time, the President's tax reduction would seek to recoup the cuts in indivi dual incomes, some $3,200,000, VISIT US FOR... Laundrall (Automatic Horn* Laundry) Elactric Mutir Rang** and Watar Haatari Stromarg-Carlaon Radioa and Radio?Phono. Combination* Fanuworth Radioa and Radio-Phono. Combinaliona Philco Aulomobila Radioa Small Homa Appliances and Eiactric Suppliaa Columbia and Dacca Phonograph Racorda Try Our Sarrica Dapartmanl ? Pick-up and Daltoary RADIO ELECTRIC COMPANY BUS TERMINAL BLDG. PHONE 240-W 000, from corporations by in creasing corporate taxes on a gliding scale with proper reduct ions for smaller corporations. Of course this has drawn down the ire of big business and most of the metropolitan press. The President also stuck to his guns by asking for his entire ten point program for combatting in flation including the power to in voke rationing and _price control at the consumer level on certain commodities if necessary. At this writing it appears the GOP con trolled congress is just as deter mined not to give him that power as when he asked for it in his recent message to the special ses sion. Senator Flanders of Vermont, however, has prepared a bill which would permit the Presi dent to invoke rationing and price control on meat, which is opposed by the Republican leader ship in the person of senator Taft of Ohio. O The sensible cooperation of President Truman and Senator Vandenburg in working out a ccompromise on the Marshall plan by eliminating all mention of the 17 billion dollar figure and providing for an appropriation of $6,800,000,000 for the first year and then providing for a con tinuing appropriation is believed to have scotched some of the ob jections raised against the ad ministration Marshall plan bill by Senator Taft. What has not been worked out, however, is the method of administration, whether by the state department or by a special governmental agency created for that purpose. Congressman Eaton of New Jersey, chairman of the house foreign affairs committee de clare* to place administration fn other hands than the President's through the state or some other agency controlled by the Presi dent, would be unconstitutional. He declares that such power with reference to foreign affairs is in the President and he has con siderable precedent to supports him. However, Congressman^ Herter of Massachusetts has an bill which seta up an indepen dent agency for management ofu the distribution of the money]! and other instrumentalities ofjl the Marshall plan, which is sup-| ported now by a majority of thefl GOP in the house. _ The best consensus? this earlyll in the 80th congress is that the Marshall plan will be enacted with some modification of the administration measure; that a tax reduction bill will be passed and very probably signed by the President; that reciprocal trade agreements which expire in June will be extended; that rent con-| trols will be Extended for an-| other year, likely with somel loosening, and that the total ap propriation measure will top the 40 billion dollar mark. " While determined effort will be made on a comprehensive hous ing act, federal aid to ,education|| and a national health measure, probably the Taft bill, the con census is that the measures are so controversial that action is not likely before congress adjourns for the party conventions. Violet Adams Greene Succumbs at Age 81 Violet Adams Greene, daugh ter of the late David and Mary Adams, was born March 19, 1866 and died January 8, 1848 at the age of 81 years. In 1887 she professed faith in Christ and jointd Cove Creek Baptist Church. In later years she was a charter member of the Flat Springs Baptist Church and remained a member there until her death. On November 13, 1887, she was married to Roby Greene, who pre ceded her in death 44 years ago. To this union were born ten chil dren of whom seven survive. They are: Dillard, Sugar Grove; Jeremiah, Whaley; Coy, Eliza bethton, Tenn.; Carlie, Sugar Grove; Grady, Clay and David of Vilas; two brothers, Amos and Enoch Adams of Vilas, and a sis ter, Mrs. Hannah Ragan of Eli zabethton, Tenn. There are 48 grandchildren and 36 great grand children. Waco, Tex. ? Separted 60 years when their parents moved away from Tennessee Jesse Poyner, 75, and Mrs. Mary Dill, 78, childhood sweethearts, were finally mar ried. They were reunited follow ing the death of Mrs. Dill's hus band two years ago. STATEMENT OF CONDITION Watauga Building & Loan Association (Copy of sworn statement submitted to the Commissioner of Insurance as required by law.) ASSETS THE ASSOCIATION OWNS: Cash on hand and in banks .$ 8,337.71 State of North Carolina and U. S. Government Bonds 10,000.00 Stock in. Federal Home Loan Bank 4,200.00 Mortgage Loans 530.865 37 Money loaned to shareholders for the purpose of enabling them to * own their homes. Each loan secured by first mortgage on local ? improved real estate. Straight Mortgage Loans 4,500.00 Share Loans .? ! 3,730.00 Advances made to our shareholders against their shares. No loan exceeds 90% of amount actually paid in. . Advances for Insurance, Taxes, Etc 162.13 $561,795.21 LIABILITIES THE ASSOCIATION OWES: To Shareholders ? Funds entrusted to our car^ in the form of payments on shares as follows: Installment Shares $ 48,095.50 Full-paid shares 399,950.00 Running Shares (optional) 7,117.75 Other Shares ?. ? $ $455,163.25 Notes payable, Federal Home Loan Bank 50,000.00 Notes Payable, Northwestern Bank, Boone 10,000.00 Money borrowed for use in making loans to members, or retiring matured shares. Each note approved by at least two-thirds of en tire Board of Directftrs as required by law. Undivided Profits 20,514.13 Earnings held in trust for distribution to share-holders at -matur ity of their shares. Reserve for Contingencies ?..r. 25,239.83 To be used for the payment of losses, if sustained. This reserve increases the safety and strength of the Association. Other liabilities (Loan fees, S. S. and W. H. Taxes and Reserve for uncollected interest, 878.p0 TOTAL $561,795.21 STATE OF NORTH (CAROLINA COUNTY OF WATAUGA ? W. H. Gragg, Secretary-Treasurer of the above named Association per sonally appeared before me this day, and being duly sworn, says that the foregofrig statement is true to the best of his knowledge and belief. W. H. GRAGG, Secretary-Treasurer. Sworn to and subscribed before me. this 19th day of January, 1948. MABEL BINGHAM, Notary Public. ?