Newspapers / The Chowan Herald (Edenton, … / Jan. 29, 1948, edition 1 / Page 2
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PAGE TWO Farmers Are Taking Advantage Os FHA Enables Many to Pur chase Farms; Three on Chowan Committee Farmers in North Carolina are among the first to take advantage of the newly created insured farm mort gage loan program of the Farmers Home Administration, E. F. Morgan, County Supervisor for Perquimans and Chowan counties, has announced. The program enables veterans, ten ants, sharecroppers and farm laborers to purchase farms of their own, and owners of uneconomic family farms to enlarge or develop them into ade quate units. Borrowers pay in cash at least 10 per cent of the investment in land and improvements and obtain the re mainder from a private capital source 6uch as a bank, insurance company or individual. No government loan funds are involved. Repayments are made in 40 an nual installments but families are en couraged to make advance payments in good years to avoid delinquency in years of low income. The Farmers Home Administration fully insures loans against loss, makes collections and otherwise ser-1 vices contracts at no cost to lenders. I Borrowers who can obtain credit from ' regular lending sources serving the community are not eligible for these, loans. The insured farm mortgage loan program was authorized in the Farm ers Home Administration Act of 1946, which was written and sponsor ed by Congressman Harold D. Cooley of North Carolina. The insured loan feature did not become operative until this fiscal year when Congress appro priated an insurance revolving fund. Loans are made only when farms can be bought or improved at prices in line with their normal long-time earning capacity values. An earning capacity report is developed by care ful appraisal of the property on the basis of probable production and prices over a period of years. When costs are excessive loans must be de clined. “Although it decreases the volume of loans made in the present period of inflated land prices, administrators of the program hold fast to the policy that it would be a disservice to fam ilies te help them buy or improve farms at costs so high the farms would not pay the debt on a long-time Valentine Greeting Cards Have your pick of the biggest and best selection of Valentine Greeting Cards in town. CAMPEN’S JEWELERS 0 £|'W V 'Jun.erAi rjorne Some most binding contracts are not written upon legal forms. There are heart to heart understandings that make formal agreements seem weak indeed. There is more value in honest sentiment than in treaties. Whether the service is a moderately priced one or a more expensive one, we serve with the same thoughtful, cour teous attention. Tdinet&l Home PH. 231 EDENTON/ I basis,” Mr. Morgan said. A local county committee of three successful farmers certifies the eligi • bility of applicants and approves all loans, and helps administer the pro gram in the county. The Perquimans County committee consists of Colon S. Jackson, Route 1, Hertford - Garso - D. Spivey, Route 3, Hertford, and Claud W. Williams, Route 11, Hertford. The Chowan County committee con sists of Thomas A. Berryman, Route 1, Hobbsville; H. T. Hobbs, Route 1. Edenton, and J. B. Webb, Route 2, Edenton. Under the agency’s system of cre dit combined with teaching and guid ance, trained supervisors work with families during the life of the loan and offer practical and technical as sistance as needed. E. Tolley Leaves For Selma Position ‘ i Regrets Leaving Eden ton; Family Remains i For Time Being Patrolman E. R. Tolley will leave Edenton this (Thursday ) morning for Selma, where on February 1 he will; enter upon his hew duties as chief of j police. Mr. Tolley tendered his resig nation with the Kdenton Police l<e- 1 partment several weeks ago. Mrs.: Tolley and five children will remain in Edenton until a house can be se cured in Selma. Prior to leaving, Mr. Tolley stated that he never left any place with any more feeling of regret; He was high in praise of the treatment he has re ceived from Kdenton and Chowan County people and said he will be! only too glad if at any time he can be of any service to the fine folks with whom he resided during the past! three years. He said that his leav ing is due entirely to a promotion and that if at any time any of his friend? pass through Selma, he tfill be de lighted to have them call on Mayor Leroy Haskett and Chief of Police R. L. Pratt praised Mr. Tolley as an officer, and both regret to see him leave the town’s employ. —7 wsßf' ’ A i%- Aj# " - yffcErv - f mBT * s , *3 ®|H|& ’/ y ® byt. « ’’lp r rk: - : ir t.fv.•..=- c bejv -. R ■ -- - *■ i|» This is Bernard Rawlings... T mgr .a m ■ m i He’s been “on the team”for nearly 30years... ** i r Bernard Rawlings happens to be a clerk In our Washington, N. C. bulk plant He might have been a tank truck driver, a salesman, a research chfemistyor president of our company—die basic story would run the same. He came to work for Standard Oil of New Jersey years ago. His work Ims been steady and his pay has been good. At 65, he’ll retire with a life income under the company pension plan. In the Thrift Plan, he’s got a tidy cash nest-egg saved up. He’s had regular vacations with pay, and special protection in cue of sickness or accident. . In short, Bernard has a high degree of the 1 tilings that mean most to a man with a job. He has diem because it weis planned that way. For over SO years, this company* s workers, their -j onions, and die management have worked in summon agreement that people’s needs as human I’HF, CHOWAN HERALD, EDKVTON N. (J., .THURSDAY JANUARY 29, 1948. County Agent Gives Five Point Program On Fire Prevention Overman Urges Steps to * Combat Fires Dur ing 1948 “With fire destroying more than $100,000,000 worth of farm property in America during 1947, the New Year calls for farmers of Chowan County to put fire prevention and pro tection practices to work vigorously this year,” County Agent C. W. Over man declares. Urging farmers to be prepared in 1948, Overman said, “The only way that we are going to successfully combat fires in 1948 is to take all possible steps to prevent fires and to i provide all possible protection against fires. A glance at last year’s fire loss record should convince all farmers thst don’t always happen to the other fellow,” County Agent Overman offers a five point program which farmers could • use as a guide to better fire protec tion and prevention. “The best way j to gua d against fire is to plan a sa*' ty program. The following sug gestions have worked in the post. Farmers can use them during 1948 as a basis for effective protection.” 1. —Keep your farm clean. Good housekeeping in and around all build ings will automatically get rid of fire hazards. 2. —Make regular checks on all elec trical equipment and circuits. Worn electrical wiring should be replaced. 3. Keep all heating units in good condition. Make sure chimneys and flues are free of cracks. 4. —Cure hay and grain and manure j properly. Stored hay should be in spected regularly for odors, smoke gas and heat—all warning signals. 5. —Make sure there is equipmen* on farms with which t > com hat fire? i Approved fire extingdv r- . mid h I n every home and outbuild’ - ng .Mai sure they are inspected regular!’ - an that every member of the famil; 1 know’s how to use them. “Fires are preventable, and as for' fire protection, let’s not have too little 1 too - late in ’4B. Let’s all get busy and i make American farms the safest place jto live,” Mr. Overman concludes. Consumers Urged To I Conserve Heating Oil 1 Urgency for immediate consumer 1 action in conserving home heating oil i w’as underscored in a letter addressed to all customers by J. L. Wright, divi- 1 1 sion manager of the Standard Oil ! Company of New Jersey. Citing the critical fuel oil shortage along the ; Atlantic seaboard, Mr. Wright said, J “There Is only one thing that can save ' thousands of oil users from real hard ship and that is, everyone must re duce his normal consumption by 15 ' per cen: for the next three months.” i I He exp a:ned that the industry is pro- ' during; ore fuel oil than ever .a ro. ■ j Now with ecuier-to-use PLASTIC CURLERS 4* : HOME PERMANENT T**** Deluxe Kit *2 MITGHEXER DRUG STORES Beware Coughs from common colds That Hang On Creomulsion relieves promptly be cause it goes right to the seat of the trouble to help loosen and expel germ laden phlegm, and aid nature to soothe and heal raw, tender inflamed bronchial mucous membranes. Tell your druggist to sell you a bottle of Creomulsion with the understanding you must like the wav it quickly aUays the cough or you are to have your money back. CREOMULSION For Coughs, Chest Colds, Bronchitis t beings are the most important thing in die world. And it’s not mere generosity. It has proved plain good business all along the line. The average Standard Oil of New Jersey worker today has been with us over 14 years. More than 8,000 of them over 20 years. That’s a lot of seasoned manpower to have on your side in die competitive business of making quality (Esso) STANDARD OIL COMPANY OF NEW JERSEY ‘ - I ■ but that an average - of 25 per cent 1 'colder season than last year, an in- ] 1 crease of 22 per cent in the numbei of new oil burner installations and I other factors led to the present cri- ! tical position. Mr. Wright stated that the neces sary 15 per cent reduction “could be accomplished without much discom fort” by holding down thermostats to 68 degrees in daytime, and cutting to 60 degrees at night; turning off heat in unused rooms, sun porches and gar ages; using supplementary aids such as coal grates and wood in fireplaces It was stated that the company con siders the situation' “our number one job” and was using extraordinary measures to meet it. NO JOB IS TOO TOUCH When the trouble lies deep in the motor of your auto, you can depend upon our pvn?riencod meuhanic*s to yet to the bottom of it. Drive in today for cold weather checkup. B. B H. Motor Co. North Broad and Oakuin Strert Edenton. N. C ■jflj gasoline and other petroleum products. Hr And its benefits extend Hear out to you... Right now the whole petroleum industry is straining to meet the greatest demand for its products in all history—and this staff of skilled, experienced people is your assurance that every* thing possible is being done with this company’s • facilities to meet your needs for more and bettor petroleum products. As your neighbors, too, people like these am j good citizens, steady customers of local stares, ' steady payers of local taxes. And year after year, as makers of products you depend on in your car or fattory or home or -j on your farm... they’re second to none in ability > to give good value at modest price! < s' j “LET GEORGE DO IT” | FOR SALE ONE FARM ON N. C. HIGHWAY 32 SEE / George S. TwkWy PHONE 413-W .Mutual Insurance and Real Estate Agent EDENTON, !)\ C. -
The Chowan Herald (Edenton, N.C.)
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Jan. 29, 1948, edition 1
2
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