The Carolina Times (Durham, … /
Jan. 16, 1954, edition 1 /
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m CAKOLINA TIMXS SATURDAY, JAN. II, 1»S4
(Contlnuad Page One)
construction will include in ita
■ervice on the inside checkins
snd nvins accounts, safe deposit
boxes, a night depository, travel
ers and official checks and col
Erected at an approximate
cost of $98,000, including furn
ishings and fixtures; the branch
is the most modem in equip
ment and design of any other
twnk braiu:h in the city. It’s
drive-in teller’s window is
equipped with bullet proof glass,
and all of the other windows are
fitted with themopane, bullet re
It was designed by R. R.
Markley, Durham architect, and
George W. Kane was its con
tractor. Work was begun on the
structure last July.
In addition, the branch will
be provided with direct com
munication with the main office
downtown. Telephones in each
of the teller’s cages of the bran
ch are on the same line with
that of the bookkeeper in the
On the outside, a drive-in tel
ler window will enable custom
ers to make deposits and cash
checks from their cars. In ad
dition ample off-street parking
space has been provided.
J. H. Wheeler, president of the
bank has assured all old and
new customers of the bank that
a checking account at either the
main office or the Fayetteville
Street branch will make it pos
sible for them to “make deposits
or cash checks at the new Fay
etteville Street office without
transferring their accounts.”
The Fayetteville Street bran
ch of the Mechanics and Farmers
Bank was made mandatory be
cause of its growing popularity
and the large number of custo
mers served by the main office
on Parrish Street. It is hoped
that the Fayetteville Street
branch will relieve to some ex
tent the long Waiting and park
ing problems many of its cus
tomers have experienced dur
ing rush hours.
According to president Whee
ler, the Fayetteville Street
branch, for the present, will
be under direct supervision of I.
O. Funderburg, cashier of the
bank. The remainder of the per
sonnel will be Raymond R.
The Carolina Times’
For your convenience—These
advertisers are as close to you
as your telephone. Call them
for service or an appointment.
Advertising Rate For This
Service Is Moderate. Phone
5-0671 or 5-QB73 for Insertion
of your message or business
Mrs. James Alice Blue
A COMPLETE BEAirTY SERVICE
ie«l Sooth St.—Phone 9-3110
Telephanes: Day 4-1Z9S
rUOWZKM roR all occasioss
591 FajetteTllle Street
'O. K. in Every Weigh”
M. H. Head and Son
McGhee Goal Co.
LADIES, Avon Conneties are
In great demand. Work In
yonr spare time. For inter-
Tiew write Mrs. Gaynelle
Brooks, Avon Blanager, Box
2271. Dnrham, N. C.
TO RENT MAN AND WIFE
to* share furnished home. Call
AUTOMOBILE FOR SALE
’52 — CHEVROLET Power
Glide Bel-Air, RAH, $1,495.
WAGNER’S USED CARS
293 S. DUUrd 4-5302
Fine Piano Toning And Re-
Ted Sndarsky Phene 9-7612
AUTOMOBILES FOR SALE
Bny A Better Car. Buy At
1953 Nash, 4-Door, R. and H.
1952 Bolck Snper, 4-Door.
1952 Naab Rambler, Hard-Top
R. and H. Overdrive.
1959 OldamobUe “9>” R. ft H.
1949 Ford Fordor R. and H.
Pull Um Of Pre-War Cara—Fordi,
ChcvToiets. Buicfc and Btudabakar*.
TERMM TO 51/IT PVRCBAMER.
WRKNN’S AUTO SALES
(Continued from Page One)
The year 1018 was one of
change for the ten-year-old ven
ture. That year saw the death of
its president, John Merrick, and
its cashier, Dr. George Adams,
and the employment of a young
seaman, just returned from the
wars, R. L. McDougald, Dr.
Warren assumed the presidency
following the death of Merrick
and served for two years; Char
les Clinton Spaulding, who be
came identified with the bank
shortly after its doors opened
for business—Just as did J. C.
Scarborough and Dr. Clyde Don
nell—became cashier; and' Mc
Dougald was hired as a teller.
In 1921, Spaulding succeeded
the deceased Dr. Warren as pre
sident and held the position un-'
til his death a little over a year
ago. A year later, the bank es
tablished a branch in Raleigh on
Hargett Street which J. E. Stric
kland, a vice-president, now
The Bank’s present president,
Wheeler was hired as a teller in
1929, and the following year, it
took over the assets of the Fra
ternal Bank and Trust Com
pany, an establishment founded
by Pearson and located in the
Hayti section. In this transac
tion, the bank not only gained in
material property, but also gain
ed the services of T. D. Parl^^,
who later came to ' head the
In the late 20’s and early 30’s
came the years of financial crisis
for America, but Mechanics and
Farmers bank weathered the
storm in sound condition. It did
not close until 1933 when Presi
dent Roosevelt declared a bank
holiday, and was among the first
in the state to reopen. In fact
its branch in Raleigh and the
Wachovia branch there were
the only two allowed to serve
the state capital for several
months after the holiday.
In 1944, death came to its
gald, and Wheeler succeded him
in that post.
I. O. Funderburg, its present
cashier, was hired as a teller in
1947 and elevated in January,
1952 to the position of assistant
cashier. At the death of its presi
dent, Spaulding, in August of the
same year, Wheeler was elected
President and Funderburg suc
ceeded him as cashier.
Second largest of its kind in
the World, the'bank started with
$10,000 in capital, and its year
end reports for 1920 showed
$112,000; 1930, one halt million;
1935, one million; 1944; two and
one lialf millions; and 1953, well
over six millions.
(Continued from Page One)
benefactor is also a neighbor of
! the estate where Mrs. Laadis’
father works. It was her father,
Irving Grant who broke the case
by going to the police with a
parcel of the stolen bills
(Continued from Page One)
Sunday School Convention; Ar
thur Williams, president of the
State Ushers’ Convention and C.
F. Graves, president of the State
The new headquarters con
structed at a cost of $62,000.00
has a main floor with six offices,
a book store, a conference room,
two rest rooms, and a full size
basement. It is. air conditioned
and has one of the most modern
heating systems available.
For the last twenty years.
North Carolina Baptists have
had headquarters on the campus
of Shaw University. With some
800 supporting churches the
Convention has five state auxili
aries, and employs ten full-time
workers to promote its program
of Missions and Christian Edu
cation. Receipts during the past
eight years for missions have
amounted to approximately
(Continued from Page One)
and the operation of ia savings
and loan association.
Following the business session
shareholders gave remarks tell
ing of what benefit the Associa
tion has been to them in provid
ing home financing and a sav
All directors were re-elected,
and Thursday, January 14 at 4
P. M., the officers for the year
1954 will be elected. Directors
renamed are: G. W. Cox, Clyde
Donnell, A. Elder, J. W. Goodloe,
R. N. Harris, W. J. Kennedy, Jr.,
G. W. Logan, D. B. Martin, E. R.
Merrick, H. M. Michaiix, T. D.
Parham, A. T. Spaulding, C. C.
Spaulding, Jr., J. S. Stewart, J.
H. Wheeler and J. W. White.
When You Need
Mrs. Dora McCoy
Your New Stanley
913 WILLARD ST.
TWO TIMES DAILY
Gives You Music,
weather, time and
Study In Brown
6:05 AM and 4:30 PM—Mon. thru Friday
t‘UU — Nl
LAST DATS OF CLEARANCE SALE—
FLOOR SAMPLES MUST GO!
117 WEST CHAPEL HILL STREET
PRICES REDUCED ON ALL FLOOR SAMPLES, LAMPS,
TABLES, BEDSPREADS, FURNITURE, ETC. FINE BUTS
« AT A SAVINGS TO TOU!
A Direct Shipment
Of Imposied Ger
man And Italian
Above is shown ERROLL GAR
NER, DIZZY GILLESPIE and
STAN KENTON who will ap
pear in THE FESTIVAL OF
MODERN AMERICAN JAZZ
at the RALEIGH MEMORIAL
AUDITORIUM on Friday eve
ning, February 5. Other stars
that will be co-starred in this
grand show is JUNE CHRISTY-
STAN GETZ-CHARLIE PAR
KER-LEE KONITZ, CANDIDO
and others. FESTIVAL OF MOD
ERN AMERICAN JAZZ is a
follow up on the BIGGEST
SHOW—yet a different show—a
bigger—better and greater show.
STAN KENTON will feature his
GREAT ORCHESTRA and ER
ROLL GARNER will feature hU
famous TRIO. The auditorium
will be reserved by individual
seats and Hamlin Drug Com
pany will handle the mail order
and ticket sale for Colored pa
NAACP's Top Executives Renamed
To Serve For Another Year
Unanimously re-elected, Ar
thur B. Spingam begins his 15th
consecutive year as president of
the National Association for the
Advancement of Colored People.
Spingarn was first elected to the
post in 1940, succeeding his bro
ther, the late Joel E. Spingam.
The board of directors again se
lected him to head the organiza
tion at its regular monthly ses
sion here following the Associa
tion’s annual meeting on Janu
Also reelected at that session
were Dr. Channing H. Tobias,
chairman, board of directors;
Dr. Robert C. Weaver, vice-
chairman; Dr. Allan Knight,
Chalmers, Boston, treasurer; and
Judge Theodore Spaulding, Phil
adelphia, assistant treasurer. In
addition the following vice pre
sidents were elected: Mrs. Mary
McLeod Bethune, Rabbi Judah
Cahn, Hon. Harry E. Davis, Mrs.
Grace Fenderson, Oscar Ham-
merstein U, John Hammond,
Prof. C. L. Harper, Rev. John
Haynes Holmes, Dr. William
Lloyd Imes, Dr. Allen F. Jack-
117 WEST CHAPEL HILL ST.
Mechanics And Farmers Bank
it o r^gittf^d hadt-mork.,
Coke is at Hs delicious best when
served ice-cold. Keep it In the
coldest spot in your refrigerator.
•omw VHOn AVTNOMTT Of fMi eOCA^COU COMPAMT ev
Coca-Cola Bottling Company
W. K. RAND, OWNER
25 POUND BAG
PINTO BEANS 39c
5 POUNDS .
OLEOMARGINE ., 29c
CABBAGE 2 lbs. 13c
TURNIP GREENS 2 lbs. 25c
ONIONS 2 lbs. 15c
ORANGES .1... doz.29c
SPARE RIBS .lb. 49c
i™URGER MEAT lb. 35c
SAUSAGE Ib. 55c
Dillard's Self-Service Market
• “We Sell The Best For Less** •’
ONE MILE SOUTH OF BEECHWOOD CEMETERY
ON FATETTEVILLE ROAD
PRORH>T DELIVERY SERVICE
CALL 4-1748 or 6-2386
son, Hon. Ira W. Jayne, Eric
Johnston, Eugene Martin, Dr. O.
Clay Maxwell, Miss L. Pearl
Mitchell, Hon. Wayne Morse, T.
G. Nutter, A. Philip Randolph,
Ike Smalls, Willard S. Town
send, Bishop W. J. Walls and
Staff executives re-named by
the board were Walter White,
executive secretary; Roy Wil
kins, administrator; Thurgood
Marshall, special counsel; ,
RALEIGH MEM. AUDITORnJM
Friday Eve. 8:15 February C
MAIL ORDERS AND TICKET SALE—HAMLIN DRUG CO. .
WE OF MUTUAL SAVINGS AND
Wish You Of Mechanics And Farmers Bank
A Very Successful
Of Your New Branch Drive-In Bank and we hope your
success is continued throughout the coming years.
MUIUAl SAVINGS AND
112 West Parrish Street
Durham, N. C.
STATEMENT OF CONDITION
Mutual Savings And Loan Association
Of Durham, N. C., As Of December 31st, 1953
(Copy of Swom Statement Submitted to the CommlMloner of Insurance Required by L«w.)
The Association Owns:
Cash on Hand and in Banks ^ $
State of North Carolina and U. S. Government Bonds
Stock in Federal Home Loan Bank
Mortgage Loans ^ 2,
Money loaned to memb^i for the purpoM of enabling them to own
their hornet. Each loan eecured by firtt mortcage on local improvad
Advance! made to our ihareholdera asalnst their iharei. No loiin ax-
exceedii 90% of amount actually paid In.
Advances for Insurance, Taxes, Etc.
Office Furniture and Fixtures “
Real Estate Owned
Other Assets ^
Fhe Association Owes:
Fund* entniated to our care in the form of payment* on iharai aa
Notes Payable, Federal Home Loan Bank 200,000.00
Money borrowed for uie In making loans to members, or retiring ma
tured ahares. Kach note approved by at least two-thirds of entire Board
of Directors as required by law. ^
Accounts Payable , 5,890.61
Loans in Process 315.56
Undivided Profits 12 000 66
Bamlngi held In trust for dlstrlbuUon to share-holders at maturity of ’ i
Federal Insurance Reserve 64,553.67
Reserve for Contingencies
To be used for the payment of any losses. It sustaliud. This rewr^
Increases the safety and strength of the Association.
State oi North Carolina—County of Durham, bs;
J. S. STEWART. SMretary of the Above named Asaoclatlon, penonally ap-
peared ^fore me thlg day. and being duly sworn, gays that the foregoing state
ment is true to the best of hla knowledge and belief.
J. S. Stewart, Secretary-Treasura'
Sworii to and subscfribed before me, this 9th day of
VIVIAN ROGERS, Notary PubUe.
My commission expires July 17, 1954.
OFFICERS AND STAFF DIRECTORS
*. R. MERRICK Pnrtdtnt
CLYDE DONNELL .. Vlcs-J>r«fW«n« O- W. COX
W. J. KKKNEDY, JR. .. Viet-PrtMttU CLYDE DONNELL
J. W. GOODLOE
R. N. HARRIS
-W. J. KENNEDY, JR.
O. W. LOOAN
D. B. MARTIN
O. W. LOOAN VICs-PrssMent
O. W. COX Vict-Prt$Uant
J. S. STEWART .. SMT«tari/-Trsasurer
F. V. ALLITON, jr.
MRS, JOHNNIE W. BROWN
MRS. JOSEPHINE 8. STRAYHORNX
E. R. BIERRICK
B. M. MICHAUX
T. D. PARHAM
A. T. SPAULDINO
c. c. sPAinjimo, jr.
J. S. STEWART
J. H. WHEELER
J. L. WHTTE
The Carolina Times (Durham, N.C.)
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