North Carolina Newspapers

    PAGE TWO
Rose’s Celebrating
. 35th Anniversary
- «
Bargains Will Be Offer
ed In Observance
Os Event
Throughout the year 1950 Rose's
5-10-25 c Stores, Inc., will celebrate
the 35th anniversary of the founding
of the company by offering special
anniversary bargains in their various
lines of merchandise. Manager Paul
M. Wallace of the Edenton store
states there will be some outstanding
values offered in these special Bales
throughout the year and that the spe
cials will be advertised, so suggests
that readers of The Herald watch for
the advertisements.
This progressive company began
its existence in the spring of 1915
when Paul H. Rose opened the first
Rose store in Henderson. His idea
at that time was to offer the most and
best possible merchandise at the low
est possible cost and on this basis he
built up his present extensive or
ganization. This principle has been
his practice throughout his successful
merchandising career and he still in
sists that all stores throughout the
five states in which they are located
give the most and best possible mer
chandise for the lowest possible cost
to the consumer.
The business of the firm was run as
a partnership until 1927, when the
company was formed into a corpora
tion. P. H. Rose, the founder, was
made president of the corporation, a
position which he still holds, and T.
B. Rose, Jr., was elected secretary
and is now the executive vice presi
dent
There are now 130 modem stores of
the corporation throughout the five
states of North Carolina, South Caro
lina, Virginia, Tennessee and Georgia
and the authorized capital stock has
been increased from the original
$250,000 to $2,500,000.
The Rose Company makes hospi
talization and life insurance avail
able at very low cost to a large part
of the employees, and all employees,
after two years employment with, the
company, share in a profit sharing
trust which has been set up for em
ployees without cost to them.
ANNUAL STATEMENT OF THE
EDENTON BUILDING & LOAN ASSOCIATION
FOR THE YEAR ENDING DECEMBER 31, 1949.
RECEIPTS
Cash in Bank January 1, 1949, $ 21,006.97
Dues collected from January 1 to December 31, 1949 _ 135,857.75
Interest collected from January 1 to December 31, 1949 31,761.76
Reserve Fund 205.00
Admission fees collected 784.00
Transferal fees collected ___ 16.25
Withdrawal fees collected 54.25
Fines collected . 95.02
Rents collected : 1,500.00
Matured stock charged to accounts payable 10,100.00
Full paid stock sold 58,100.00
Notes collected (mortgages) ; 62,246.00
Notes collected (stock) ; 2,060.00
Withholding and security tax collected 589.00
Money borrowed 42,000.00
Bonds sold ■ 16,205.00
•: $382,581.00
DISBURSEMENTS
Paid Loans to Stockholders (Mortgages)-, $242,033.50
Paid Loans to Stockholders (Stock). 4,955.00
Paid 601 shares matured stock 49,396.25
Paid Accumulations matured stock 10,871.75
Paid 691 shares withdrawn stock 17,734.00
Paid Accumulations withdrawn stock 722.14
Paid Accounts payable matured stock 300.00
Paid 95 shares full paid stock withdrawn ____ , 9,500.00
Paid Interest full paid stock 1 2,491.05
Paid U. S. and N. C. Savings and Loan dues :___ , 59.60
Paid Notes due 14,000.00
Paid Interest borrowed money . 1,386.90
Paid Taxes and licenses 761.35
Paid Withholding tax 565.00
Paid Stationery, supplies and printing 91.81
Paid Postage 18.00
Paid Expense audit , _______ 126.00
Paid Real estate repairs 3,599.06
Paid Furniture and fixtures 147.96
Paid Bond premium 159.20
Paid Fire insurance premium 450.71
Paid Balance on real estate purchased 15,487.10
Paid Attorney’s fees 54.80
Paid Miscellaneous items 76.87
Paid Salaries 3,800.00
Cash in Bank December 31, 1949 3,792.95
$382,581.00
ASSETS
Notes and mortgages face value $573,692.30
Interest due and uncollected 1,282.94
Office furniture 147.96
Bonds held 6,200.00
Real estate 16,000.00
Repairs to real estate 3,699.06
Cash in Bank December 31, 1949 3,792.95
$603,715.21
LIABILITIES
Amount due stockholders installment $376,735.50
Amount due stockholders full paid stock 112,000.00
Reserve Fund : 28,000.00
Amount due on loans granted 1,861.45
Withdrawn stock due 170.50
Matured stock due 9,800.00
Withholding and security tax —: 114.00
Money borrowed 28,000.00
Reserve invested in building repairs and equipment 3,747.02
Reserve for installment maturities 43,286:74
$603,716.21
NET RATE OF INTEREST EARNED .0670
We, the undersigned committee, appointed by the Directors of the
Edenton Building & Loan Association to audit their bookß for the year 1949,
haVe examined their books to December 31, 1949, and find the above state
ment to be true and correct to the best of our knowledge and belief. The
notes and securities are found to agree with the above statement.
JESSE L. HARRELL,
A. B. HARLESS,
R. E. AIKEN, JR.,
Committee. _
4-H Boys Continue
Thinning Os Timber
Chowan County 4-H Club members
are continuing to show interest in
forestry projects, says Assistant
County Agent Robert S. Marsh.
James Oarlton Boyce, Ison of Mr.
and Mi». Tommy Boyce of Tyner, is
conducting a project in timber thin
ning and timber stand improvement.
He has already done much work in
thinning out undesirable trees from
his stand of loblolly pines and is to
be commended for his effort. Lionel
Byrum, grandson of E. F. Jordan, is
also continuing a timber stand im
provement project.
{Town Council j
Proceedings
<■ 4
Edenton, N. C., Jan. 10, 1950.
The Town Council met this day in
the Town office at 8 o’clock P. M. in
regular monthly session. Present, L.
H. Haskett, Mayor, J. C. Leary, G. M.
Byrum, A. B. Harless, Clyde Hollo
well, W. J. Yates and J. E. Bufftap.
The minutes of the previous meet
ing were read and approved.
It is moved and carried that all
dimes found in the parking meters
during the time between January 16,
1950, and January 30, 1950, will go to
the March of Dimes.
On motion of J. C. Leary, seconded
by J. E. Bufftap, Electric & Water
Department bills amounting to $9,-
843.03 are ordered paid.
On motion of G. M. Byrum, second
ed by A. B. Harless, Town of Eden
ton bills amounting to $2,259.11 are
ordered paid as follows:
Interstate Equipment Co., $159.90;
Superior Stone Co., $77.25; North
American Steel Co., $75.96; Klimate-
Pruf Paint Co., $66.95; Dewey Bros.,
Inc., $172.48; Sinclair Refining Co.,
$272.26; Esso Standard Oil Co.,
$10.21; The Texas Co., $23.78; W. H.
Bunch’s Garage, $204.34; Chowan
Motor Co., $33.30; Hughes-Holton
Hardware Co., $19.00; M. G. Brown
i Co., $2.99; A. S. Smith Machine Co.,
$29.73; Ralph E. Parrish, $14.40; Nor
folk Southern Railway Co., $60.00; s
Thurston Motor Lines, Inc., $4.31;
Chestnutt Cleaners, $4.65; Edenton
Laundry, $6.00; Edenton Ice Co.,
; $99.38; Iredell slorist, $11.25; A. L.
, Perry, $4.00; Twiddy’s Sign Service,
. $9.50; Louise D. Coke, Collector,
’ $1.00; Railway Express Agency,
' $1.97; The Karpark Corp., $563.50;
Wesley Chesson, Jr., Clerk, $140.00;
Edenton Fire Department, $125.00;
THE rwQWAN wTT.WAT.n EDENTONJLCg 2s, 1950
R. K. Hall, Chief, (salary firemen)
$76.00.
There being no further business,
the Council adjourned.
Edenton, N. C., Jan. 4, 1950.
The Board of Public Works “met
this day in the Town office at 8 o’clock
P. M. in regular monthly session.
Present, J. H. Conger, chairman,
Ralph E. Parrish and Dr. J. A. Powell.
The following bills for the month
of December, 1949, were examined
and approved for payment:
C. D. Cavenaugh, $80.00; Eastern
Office Store, $3.80; Norfolk Southern
Railway Co., $1.40; The Portable
Light Co., $32.87; Electrical* Equip
ment Co., $438.03; Mueller Company,
# ■ ■ 1
7 can be
reached by
telephone"
Many business men who travel a lot , Will/ \\ /
have been known to operate theit | I yj/ li /
office by long distance telephone. \\J
Service is always quick— dependable
—and surprisingly inexpensive. 1. VS
While you may not run a business by l\ V 9f,
telephone long distance service is a t\\sj «
mighty handy friend to have around. 1 AA*
For no one is ever far away from you as \-jJA W
long as they’re near a telephone.
Remember, too, long distance telephone /jji
rates are especially low after 6 P. M., and ”
on Sundays.
So keep in touch the inexpensive long
distance telephone way.
Norfolk & Carolina Tel. &Tel. Co.
Elizabeth City Edenton Hertford Manteo Sunbury
■■
VifWVVV9vye^Vic , *i , vr i vvvve>t/yifififov>nnrrrav^crnnrnririfYVVYYyrYvvTY^rvv - innnnri n r r
-
andWonies JgJ
ost of Vfeathe fi ---5
/'"'vNE of the grandest things about your Buick is the
Hs| Ls way you can ignore the season—chew your way
m through gravel and dust alike, splash through the wet
stretches, snug and secure even on slippery pavements.
*** f Rough road conditions call for special attention to
your lubricants. Tires should be checked for correct
inflation —for deep, clean tread that bites on a
slick surface. Brakes won’t stop you with a sure
and gentle touch if the master cylinder needs more
fluid, or if an air-bubble has worked itself into the
line. These things, and more, should be checked to
keep your Buick at its best.
I If that sounds like more than one thought to bear
‘ * in mind —just drive into our shop and tell the man,
‘ ••lubricare , please.”
- /I Our winter Lubricare treatment covers all these points
—with specially trained mechanics following factory
WBSBfc Wm*. specifications as they go over your car from end to end.
mmm ■P» . .
¥. Drive in this week, why don’t you? The price is sur
prisingly low. The peace of mind is priceless.
' - 'il l Hi'l .i I, I \ •
' Wa ___
■: lunuii-u «ssSsj2jj2j3K?
*' s ■
> ‘‘a.A
Chas. H. Jenkins Motor Company, Inc.
105 to 109 E. Qneen Street TELEPHONED Edeltto "’ ]
$13.76; Addreßsograph Corp., $20.55;
Graybar Electric Co., $192.17; Tide
water Supply Co., $12.54; N. C. State
Board of Health, $16.00; Carolma-
Norfolk Truck Line, $8.66; The Texas
Co., $43.85; Burroughs Adding Ma
chine Co., $1.20; Gulf Oil Corp., $8.72;
Jackson’s Recapping Service, $11.25;
J. L. Batton ft Bro., $17.50; Wood ft
Berryman, $5.00; Byrum Hardware
Co., $9.45; Ralph E. Parrish, $8.79;
Railway Express Agency, $8.01;
Postmaster, $15.15; J. A. Bunch/
Sheriff, $25.40; -Wesley Chesson, Jr.,-
Clerk, $45.00; Sinclair - Refining Co.,
$69.14; Esso Standard Oil Co., $26.12;
N. C. Department of Motor Vehicles,
$2.00; Virginia Electric ft Power Co.,
$5,843.98; N. C. Tel. ft Tel. Co.,
$17.53; general salaries paid for
month of December, $2,922.72; total,
$9,848.03.
Received from Collector for cur
rent, water and merchandise, sl3,
327.67. '■%>' .‘fl
Amount of receipts in excess of
disbursement, $3,484.64.
DR. A. F. DOWNUM
OPTOMETRIST
312 Citizens Bank Building
EDENTON, N. C.
Hours: 9 to 5 Phone
By Appointment 621
SELECTED
mm
hitaetifk SOIO
|ELECTEDikj» M •
mm PINT
itseswiwT *3.40 4 /s Quart
.»«<.•. -
(MUON'S SIIICTID • BLINDED WHISKEY • E4.E PROOF • 6S* ORAIN
NRUTRAI SPIRIT# • OISSON DISTILLERS, INC., NIW YORK, N. Y.
iiilg
■ ■ -I
JACKSON
RADIO SERVICE
AM AN D FM SUPPLIES
TIRE RECAPPING
AND VULCANIZING
115 East Church Street
PHONE S6l-W
    

Page Text

This is the computer-generated OCR text representation of this newspaper page. It may be empty, if no text could be automatically recognized. This data is also available in Plain Text and XML formats.

Return to page view