Newspapers / The Chowan Herald (Edenton, … / Feb. 1, 1962, edition 1 / Page 5
Part of The Chowan Herald (Edenton, 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
N. C. Population Expected To Ijop Five Million By ’66 Or ’67 While the exact time is Un nredicthble, North Carolina’s population is expected to hit the 5 million mark in 1966 or 1967. “Certainly, it should be no later than the first half of ’67,” says Dr. Selz C. Mayo, head of the Department of Rural Soci ology at North Carolina Stat Collect. “Incidentally,” Mayo added “North Carolina’s population should reach 5 million at about the same time as the Nation’s population reaches 200 million." North Carolina had 4,556,155 people in the census of 1960. or 12.2 per cent more than in 1950. Mayo bases his estimate; for future growth on these fig ures. “The growth of North Caro lina's population during the past century and a half is an excit ing atpry,” Dr. Mayo said. , . In T IBOO, less than a half mil lion people lived in the state, i By the census of 1870, the pop- j ulation was up to one million. ; j The second million was re- j corded in the census of 1910,' Atkinson, White And Davis Are Promoted Continued from Page 1. Section . following the stockholders ses sion, Richard S. Atkinson, Jr., was promoted to vice president and cashier from vice president; R. Graham White was promoted to vice president and trust of-, ficer from cashier and trust of ficer, and J. W. Davis, public relations officer, was elected a vice president of the Edcnton branch, i * In President Shaw's report he said, “With a noticeable rebound i in general business momentum and with* increased prices for most ’ agricultural products, we were ablq to establish a new record for net operating earn-1 ings in the year just completed, i While the demands for credit were comparatively moderate! during all of the year 1961, the! increased volume of assets avail-1 able to the bank enabled us to | »substantially increase our gross > operating income.” The report showed that net earnings per share ..amounted tc $1.79 as compared with $1.53 in 1960. There are (00,000 shares of $5 par stock outstanding and they are held by 1,025 stockholders in this community and throughout "Northeastern North Carolina. The dividend paid for the year was $1.15 per share. “Reflecting our ddsirc .to make reasonable bank credit avail able to every Customer of this bank,” Shaw said, “Our con sumer credit departments con tinue to produce the largest vol ume of loans in number. Dur-1 ing the year 12,353 consume -1 loans more than $6,000,- 000 were *made by these depart- 1 ments of the bank.” “The assets of the trust de partrttgnt * rose ! steadily the ysar aftd reached a new high of $10,5001)00 hy the end of the year Jor 4 net gain of over $2,- 1 400.00j3. The assets of the trust | V department are carried on our i booksj at i original inventory or j cost Values. . The trust depart- j ment’jis aware of the fact that j ‘ it has only services to offer and- i 2 must therefore constantly and improve wherever possible the quality of those ser vices,? Shaw said. Th4»adding of a forest special ist to£ the staff of the trust de partrpent is a first jn North Car olina‘banking, and the service has been well received by pres ent "frost custodiers and has brought new trust and banking! customers seeking forest man- : agemiant. The. experiment is proving imminently successful his report pointed out. Injtursuit of the policy of the' bankjof remodeling or rebuilding Quarters that do, not adequately serve new needs of modern bankjhg, the enlargement and complete renovation of the En field Tbffice was completed dur ing &61. Also, the installment loan "department of the Hender son Office was moved to a new location, making room available for jgrther expansion of com merced activities in their main pffkre. Their drive-in office Was remodeled additional firiveTn window installed. Spme wirk of Aif? nature In If special tribute Shaw said, isswith profound sorrow and a del? sense of personal loss that yecord here the deaths of he third million in the census! )f 1930, and the fourth million in the census of 1950. While the number of Tar Heels is increasing rapidly, Mayo points out that the State’s rate of growth was considerable un der the national average durin; decade of the 'so’s. This was because the stale har' a net loss from migration of 330,000 people. One immediate tangible result of this migration was the loss of one congressman To make North Carolina’s present growth pattern more meaningful, Dr. Mayo describe what is likely to happen within one year—l 962, for example. “During this 12 months,” Mayo explained, “the natural increase (births minus deaths) of our population will be sufficient to build a city the size of Durham “We can expect to retain enough of the natural increase l to produce a city about the size iof Wilmington. But we will ex j port (lose by migration) enough ; young people to produce anothe: j community about the size ol 1 Burlington.” bank and contributed much to its successful organization and growth. His interest in the bank was always paramount and his counsel and leadership will be solely missed. He became a ntember of the board on January 15, 1958 and served as a mem ber of the finance and executive committees. Thomas L. Simmons died on January 6,1962. He was a charter member of the board and devoted much of his time 1 and talents for the benefit of ' this organization. , “A large portion of our suc ! cess is due to the loyalty, de motion to duty and outstanding qualifications of our 172 em - ployees. They have continued to meet their civic rcsponsibili ! ties. Their record is outstand -1 ing, both as to financial support of worthy causes, but more im j pertantly. their contributions of ; time and leadership. We have i every reason to be proud of ! them,” Shaw said. In closing his reoort to the stockholders President Shaw said “The record of 1962 re mains to be made, but if pro jections of business analysts prove to be correct, we should look forward to an exciting and fruitful year with new records to be set in most departments of economic activity. We start the new year in a healthy con dition and your bank can expect to participate fully in many ex panded programs. The contin ued growth of the bank repre sents the cooperative effort of our customers, stockholders and employees, and the management wishes to express its sincere thanks to all'of them.” In addition to the elevation of | Atkinson to vice president and ; sashier, White to vice president and trust officer and Davis to i vice president, all of the Eden ton Branch, the directors re elected the following officers: j John G. Wood, Jr., chairman of the local board; John A. Kra j mcr, executive vice president: | George C. Hoskins, assistant i cashier; George W. Lewis, farm | relations officer. Edenton Consumer Credit Branch: W. H. Easterling, cash ier; E. L. Wells, Jr., assistant cashier. Baptists Plan To Hold Family Night Continued from Page I—Section 1 and it is hoped many members of the church will attend. An insert will appear in next Sunday’s bulletin and everybody j who plans to attend is requested to indicate in the space provided on the insert the number ex pected to accompany them so that proper preparations can be made. The form should be, placed in the collection plate or sent to Pete Manning, co-chair man of the Family Night Com mittee, 216 West Eden Street be fore Monday, February 12. The supper will be held in the Beginner Department of the church and if successful similar affairs are planned for the fu ture. DEDICATION SERVICE AT KADESH CHURCH SUNDAY A dedication service will be held at Kadesh A.M.E. Zion Church Sunday afternoon, Feb ruary 4, at 3 o’clock. The pub- , the i gu«rt i speaker Wend THE CHOWAN HERALD, EDENTON. WORTH CAROLINA, THURSDAY. FEBRUARY 1,1962. ■ H H ___ MILD AND MELLOW 6«M»n Treasury EIGHT O'CLOCK of Knowledge COFFEE IS NOW AVAILABLE—COME SEE ' BfcdL dB 1 . /' j book Jt On Kiaiililmin ■ti|y s* BUY A BOOK A s c £t m ! plete IMwm 3-LB. BAG $ 1,45 MJF "SUPER-RIGHT" SHORT SHANK l2 to 14 POUND AVERAGE SMOKED ■ ■ HA WHOLE JHB HBI m 1 HH or shank ™ -s|r jg PH iM hi mtr I mm I Hi WHi LB> wr HAM BUTT HALF. lb 49c HAM CENTER SLICES -lb 85c HAM SHANK PORTION -39 c illlmim i fl I M 4 JESSE JEWELL FROZEN BEEF, TURKEY OR CHICKEN Wxim MEAT POT PIES 4ss 59c "SUPER-RIGHT" QUALITY DELICIOUS ALL MEAT FRANKS 5,49 c CAP'N JOHN'S FROZEN CONDENSED "SUPER-RIGHT" HEAVY GRAIN FED BEEF 7" CUT RIB ™.°' 29c BOAST C VITAMIN RICH, FLORIDA ORANGES * 5 lb. bag mm U. S. NO. 1 WHITE p hh& POTATOES *lO LB. BAG H GRAPEFRUIT *5 lb. bag I H ALL PURPOSE, ROME Ml'/ APPLES*4 LB. BAG .■& ico—r" I I HOUSE PLANTS A *r- 3 79c I Dinner Size Napkins . SCOTKINS, 2 50ct. pkgs. 49c SCOTTIES®- 400 ct. pkg. 29c IRnH “Our Finest” Small HHE99S&O cut-ritl' 125 ft. roii 27c A&P Green Limas2 Vans’ 29c Yellow Cling Breeze * ona eac^es 2 cans’ 49c ‘T.7M Chocolate Coated % 35c *. 83c Mmm WARWICK aa ' -29 c iwi Founder's Value! Stock Up! so- »»* SNIDER CATSUP 3 - 49« Pkg. 35C Pkg. 85C Bremner Brand 3 Varieties _ c—,, jumbo pies 12 « 35c JANE PARKER FRENCH APPLE 24-Oz. 3Q_ 1f)-0z. 7Q- pkg. J/C Pkg. /7C ■■■ ne <V>PIE 45 c . 3 P L £. 79c Lin ' „ 4 ■*’ f * ' % lona Tomatoes • lona Cut Green Beans Rinso Blue .# A&P Sliced Beets • lona Small Limas Lg- da at. qi • A&P Sauerkraut • A&P Irish Potatoes Pkg. JlO Pkg. OIC g| YOUR hf 49c CHOICE! CA "IIbS% or -athxoom tissue 701 N. Broad Street - Edenton, N. C. ‘ . SPECIAL! BLUE WILLOW CHINA ] 6-Piecc Starter Set $249 I “SUPER-RIGHT ’ FRESHLY GROUND BEEF lb. 39c 3 Lbs. . . . . . &1.17 LAKESIDE WHITE SHOE PEG CORN 2Mb. cans^^C JANE PARKER RAKE *V SERVE TWIN ROLLS 2 pkgs. 39c JANE PARKER ORANGE FILLED COFFEE CAKE each 35c JANE PARKER SUGAR, CINNAMON OR PLAIN DONUTS pkg. of 12's 21c A&P NO. 303 CAN APPLE SAUCE 2 cans 25c ' ' 111 ' PAGE FIVE —SECTION ONE
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 1, 1962, edition 1
5
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75