Newspapers / The Carolina Times (Durham, … / June 4, 1966, edition 1 / Page 7
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. jr jK EMPLOYED AS TELLERS at tha Mutual Savings and Loan Auociation pictured above ara, at l«ft. Mrs. Wandall L. Haith; Historical Sketch of Mutual Savings & Loan Mutual Savings and Loan As sociation, formerly Mutual Building and Loan Association, was organized Jan. 25, 1921 with assets of approximately $425 by the late R. L. McDou gald and orginally operated out of one windown in Mechanics and Farmers Bank. McDougald was only 25 years of age when the association be gan and was encouraged in his efforts by the late Dr. A. M. Moore, co-founder of North Carolina Mutual Life Insurance f8 Sillill J OUR Best Wishes TO THE Mutual Savings & Loan ON THE FORMAL OPENING I M Christian Harward 9lnc« FURNITURE COMPANY, INC. 1899 m I 120 WIST RARRISH STRUT DURHAM, N.C (JSedt VIU for Coni'inusd Success to Our Sister Institution Mutual Savings & Loan Association On Your Grand Opening In Your New Building.... NORTH CAROLINA MUTUAL LIFE INSURANCE COMPANY center, Mi»* Louisa V. Fraaman and at right Miss Annia M. An derson. Tha thraa young ladies ara adapt and trainad in ax The first president of Mutual I Savings was Charles Clinton Spaulding, Sr., who served from 1921 until his death Aug. 1, \ 1952. Also a co-founder of j North Carolina Mutual, Spauld ing was a guiding light during the association's early years. Frank Lawrence McCoy, who was born in Danville, Va., and earlier was a practicing chiro podist, was the first secretary [ of Mutual Savings, serving from j 1921 until Jan. 21, 1936 when plaining to customer! and pro»- I pactiva customers tha angle* ' pertaining to available saving | plans. | he retired from full-time serv ice and became chairman of the board. He remained as board chairman until his death on i May 11, ?951. E. R. Merrick succeeded Mr. j Spaulding as president in 1952 and continued until 1962. A re tired vice president and treas urer of North Carolina Mutual, Mr. Merrick is now chairman jof the association's board of ' directors. The association's roster of charter members is as follows: C. C. Spaqlding, Sr., R. L. Mc- Dougald, Dr. A. M Moore, J. M. Avery, E W. Cannady, W. Wilson, F. L. McCoy, J. L. Cooper, George P Holloway, j Sam Wolfe, and W J. Kennedy Jr. Mr. Kennedy is the only living charter member and I serves on the board and as a j director. The first state-chartered as sociation ir Durham to join the Federal Home Loan Bank and Federal Savings and Loan In surance Corporation, the asso ciation has participated in the financing of numerous develop ments in Durham and Orange | Counties. During World War II j it purchased and served as an issuing agent for U. S. Savings \ Bonds. NORFOLK, Va.—Navy WAVE Aviation Storekeeper Airman Apprentice Teddy J. McLaugh lin, USN, daughter of Mr. and Mrs. 0. H. Burnette Jr. of 3128 S. Roxboro, Durham, has re ported for duty at the' Naval Air Station, Norfolk, Va. The air station is the avia tion center of the Norfolk Na val Complex, one of the largest military communities in the world. ♦Jk u ■L FRANK L. McCOY, first tiry of Mutual Savings. Mc- Coy died in 1951. In addition to serving as secretary of the Association McCoy was also a member of the Board of Direc tors of the Mechanics and Far- n LI RICHARD LEWIS McDOU GALD, founder of the Mutual Savin?* and Loan Association. McDougald passed in 1944 at which time he was also execu five vie* president of tha Me chanics and Farmers Bank and various other boards of Dur ham's major and smaller busi ness institutions. T~ v : Jr MISS EVELYN PATTERSON ENAGED TO ADAM WALL Mr. and Mrs. Percy Joyner of 14-D Dorothy Drive announce the engagement of their daugh ter, Miss Evelyn Patterson to Adam Wall, Jr. Wall is the son of Mr. and Mrs. Adam Wall, Sr. of 1310 Scout Drive. Miss Patterson is a 1965 grad uate of Hillside High School and attended Croft Business College. Wall '*ill graduate with the 1966 Hillside High Class on June 10. A July 3 wedding is planned at Wall's home. v ■ -V MORRISON FORMER LOCAL YOUTH MAKES IN GOOD SCHOOL Ist Lt. Henry W. Morrison, 16, son of Mrs Mary C. Mor rison and grandson of the late Mrs. Mary E. Cobb. Lt. Morrison formerly attend ed Lyon Park School. He plans to enter American University specializing in Busi ness Administration. The Lieu tenant entered St. Emma Mili tary Academy September, 1962, making the Honor Roll in his first semester. He was an out standing student in 1963 be ing Cadet of the month, Honor Cadet, promoted to private first class, received the U. S. Army Superior Cadet Ribbon with Citation from the General of the Army, then promoted to Corporal. 1964 he was promoted to Staff Sgt. was NCO of the month and for the second time received the U.S. Army Super ior Cadet Ribbon with Citation from the General of the Army, with a promotion to 2nd Lt. April 1968 he was promoted to Ist Lt., he was active on the Debating team, also a member of the Drama Club. Lt. Morrison was awarded the Louis Roy Scholarship Award for a deserving student. With Our Men in the Service SAN RAFAEL, Cillf.—Tech nical Sergeant William P. Al *ton, son of Plummer Alston of Rt. 2, Halifax, has beea graduated from the U S. Air Force Senior Noncommissioned Officer Academy at Hamilton AFB, Calif. The sergeant, who received advanced military leadership and management training, is a supply inventory supervisor at Lockbourne AFB, Ohio. He is a member of the Air Defense Command which provides aero »pace defense against hostile aircraft and missiles. Sergeant Alston is a gradu ate of John A. Chaloner High School, Roanoke Rapids. NAHA, Okinawa—Staff Ser geant Robert E. Slade, son of Mrs. Queenie S. Garner of 909 Onslow St., Durham, is a mem ber of the 82nd Fighter Inter ceptor Squadron recently de ployed from Travis AFB, Calif., to Naha AB, Okinawa. His F-102 Delta Dagger squadron replaces rotational units used for air defense of U. S. forces on Okinawa. It is the first Air Defense Command unit deployed to an overseas base as part of the command commitment to protect against enemy air attack. He is a graduate of Hillside High School. WICHITA FALLS. Texas Airman Third Class Clark C. Haskins, son of Mr. and Will Haskins of 3304 Dearborn Dr., Durham, has been graduated at Sheppard AFB, Tex., from the training course for U. S. Air Force aircraft mechanics. Airman Haskins, a graduate of Hillside High School, is be ing assigned to Bitburg AB, Germany, for duty with the U. S. Air Forces in Europe. \ l / s FROM ONE _ ~ DO-GOODER True, we are competitors. True, we play on different teams True, non-savers will find it hard to understand. But we know the truth about prosperity. We know that it reolly does make a difference where you save. We know that only savings and loan associations pay top divi dends and offer all the other advantages such as insurance and avail ability of money that will eventually win this war on poverty. So now you've got a fine new office So now you are a more formidable competitor. Well, we know how it feels to wage the good fight. Congratulations, Durham is the better for you and your new facility. NOKTHGATI: ot Club Blvd. and Watts St. •UTNER: at Central Ave. and D St. IS I M H ALSTON .••AI'A. - , * T -J I BALDWIN SAN ANTONIO, Tex. Air j man James W. Baldwin, son of Mr. and Mrs. Leroy Baldwin of 812 S. 14th St., Wilmington, , has been assigned to Barks- ! dale AFB, La., after completing ' Air Force basic training. The airman, a 1965 gradaute I of Williston Senior High School, will be trained on the job as an air policeman with the Strategic Air Command. SATURDAY, JUNE 4, 1988 THE CAROLINA TIMES- SAN ANTONIO, Tex.—Len ard G. Allen, son of Mr. and Mrs. Walter E. Allen of 4410 S. Alston Ave., Durham, has been commissioned a second lieutenant in the U.S. Air Force upon graduation from Officer Training School (OTS) at Lack land AFB, Tex. PHONE 682-9295 MO lIM j) Laundr y an * I[l [em [) (l[eHicJ Dry Cleaner* I CASH A CARRY OFFICES Corner Roxbors and Hoi to way Streets Quiet As A Wiak—Roxbaro Kd. at Avoadatc Dr. Drtre-Im, Car. Broad and Eaglewood Art. No Money Down 1965 FORD $2395.00 Conv. 2 Door, AT, Radio and Heater 1965 FORD $2295.00 2 Door, HT, AT, Radio and Heater 1963 PONTIAC $1595.00 Grand Prix, 2 Dr. HT, Radio and Heater 1961 CHEVROLET ... $35.00 Mo. 2 Door, Std. Trans. Radio and Heater 1961 FORD $30.00 Mo. Standard Trans. Radio and Heater 1959 PONTIAC $40.00 Mo. 4 Door, HT, AT, Radio and Heater 1950 CHEVROLET $40.00 Sta. Wsg., 4 Dr., Std Trans. Radio and Heat, Rigsbee Motor Sales. Inc. 414 PtlOlßll AVI. PHONB 612-2347 The lieutenant, a graduate of Southern High School, re-, ceived his A.B. degree in math ematics from the U. of N. C. links To Pound Count on a one-pound package of (mall link sausages contain ing from 14 to It links. 7A
The Carolina Times (Durham, N.C.)
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June 4, 1966, edition 1
7
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