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FCCIT AWARD WINNERS— (Left) James C.
Black, director of the FCCIT (Five Colleges
Consortium Innovative Thrust program) pre
sents certificates for the highest academic
UDI CORNER *3
w
This corporation (United
Durham, Inc.) is one which
was developed by and is con
trolled by the low-Income
("low-income" established in
accordance with Poverty
Guidelines) people of Durham.
It is a for-profit corporation
and is capitalized primarily by
a Special Impact Grant from
the Office of Economic Op
portunity in the amount of
$900,000 and by two kinds of
stock: the first is common
stock which can be purchased
only by low-income people
and the second is preferred
stock which is available to all
interested parties, including
the low-income. Approximate
ly two thousand individuals
and institutions now own one
or both classes of stock.
Under the UDI charter the
common stockholders (poor
people) elect two-thirds of the
board of directors. The remain
ing one-third is elected by the
preferred stockholders. Both
classes of stock carry a one
man, one-vote provision so
that no individual stockholder
can control the board. At the
first shareholders' meeting
those persons who had func
tioned as leaders in the neigh
borhood councils were elected
to represent the common
stockholders on the board.
The preferred stockholders'
representatives are local busi
ness and professional people.
The board adopted the
motto: "Where People Come
Before Profit" and made the
decision to engage initially in
CHEYENNE
SCOUTS KM
CORNER.
YOUR BOY AA
By E. L. KEARNEY
Continued from last weejc
Noise and boys are natural
companions. They run more
often than they walk. They
throw things down more often
than they lay them down.
They slam doors more often
than they close them. All of
this produces an amazing
amount of noise.
You can attempt to correct
all these noisy habits, but its
best that you know in advance
that you are not likely to
succeed. Therefore, the only
realistic conclusion to which
you can come is that you
must leam to live with a cer
tain amount of noise while
your son is growing up.
Perhaps the best you can
hope to accomplish - with
out too greatly smothering
your boy's natural exuberance
• is to localize and time some
of the noise. While showing
him that you expect some
places when and where it will
be most welcome.
Deatructiveness - Boys
rarely sit in chairs. TTiey fall
or jump into them. Boys are
not satisfied merely to look at
thing*. Hiey must squeeze
them, turn them over, shake
them.
averag in the FCCIT program, as well as the
freshman class, to Mrs. Doris Holden of Ral
eigh and Carence Anderson of Charleston, S.
C., psychology majors.
those ventures which would of-
fer products or services to sa
tisfy the basic consumption
needs of people such as food,
shelter, clothing and medical
services. Although it wishes to
earn a profit, UDI offers price
advantages to its low-income
customers. It is also dedicated
to hiring as many unemployed
and underemployed people as
possible in all of its ventures
but clearly recognizes the
need for top quality manage
ment and training programs.
This corporation was desig
nated by the Durham County
Commissioners and the City
Council as a Community In
dustrial Development Corpora
tion so that its stock could be
sold door-to-door, without us
ing a registered broker.
UDI serves the low-income
communities within Durham
County by creating successful
businesses and industries
which promote economic de
velopment. It invests dividends
in uplift projects by issuing
shares, equaling the Federal
dollar input in UDI to a com
munity chartiable trust, the
Durham Opportunities Founda
tion. This chartible trust is
controlled by low-income per
sons who will use UDI divid
ends for projects to improve
the quality of life in impo
verished areas in Durham.
United Durham, Inc. is now
in the business of producing
modular homes and plans the
opening of its first supermar
ket some time during the latter
part of May.
It is interesting for boys
to see how far they can tilt
back in the dining room chair
without falling. Its fun to see
how many passes can be piled
on top of one another when
setting the table. It's exciting
to see how close they can
come to the window when
bouncing a ball against a
house.
Added to all of this boys at
eight or nine are naturally
clumsy. They drop things,
back into things, knock them
over with their elbows. They
don't just pick things up they
grab them. In the process of
getting grabbed, things are
often likely to get torn or
broken.
Yet chances are that your
boy is not just destructive
on purpose. Accidents follow
him wherever he goes. Patience
is almost the only situation for
parents. You must help him
to see that accidents are not
merely things that happen to
people but things that people
cause to happen.
Get him to help you repair
the dining room chair when it
comes of second best in a
tilting experiment. Not as a
punishment, understand, but
as evidence that he is getting
LETS TAIE A LOTMC
Stirring musical tributes, majes
tic marches, hand-clapping tent
show gospels, spirituals from
the cotton field, jazz and blues
—all innately American—have
enriched our country from its
very beginning. From The Bat
tle Hymn of the Republic to
The Yellow Rose of Texas,
they provide decidely patriotic
notes.
big enough to help with home
jobs. As he discovers that
accidents end in walk, the
accidents may decrease a bit.
. Let the
achiever company
show you how
to meet your goals.
With the right kind of planning, any goal
can be met. There's no maybe about it.
Your North Carolina Mutual Man knows how to
do the right kind of planning. He's an
Achiever. And every day he works with
achievers like you, who want something more
for their family. And the future.
North Carolina, Mutual understands achievers.
We've been helping blacks reach their goals
since 1898. It's made us the largest black
operated financial institution in the nation
today. And we're ready to help you.
If you've got something you want to achieve,
call the achiever company. We understand
your goals. And can help you reach them.
Gu! NORTH CAROLINA MUTUAL
"TTJ MPS INSURANCE COMPANY
MUTUAL PLAZA
DURHAM, NORTH CAROLINA *7701
An equal opportunity employer.
See your North Carolina Mutual man in any of
these states: Alabama, California, Florida,
Georgia, Illinois, Maryland, Michigan, New Jersey,
North Carolina, uhio ( Pennsylvania, South Carolina,
i Tennessee, Virginia, District of Columbia.
I
Hp Chickie Harris^
Hi soul brothers and soul
sisters, and of course, any one
else who care enough to want
the very best. On this Sun
day, May 9, we will celebrate
a day in which you truly
think is the most important
day in the year, Mother's
Day. To me, every day should
be Mother's Day for there is
no greater love on earth than a
mother's love. This has been
proven from the very first of
recorded history. Unlike
others, mothers earn their day
on the backs of others, on
the wisdom of others, on the
talents of others, mothers
earn (heir day the hard way;
by their own wisdom, courage,
understanding, and just plain
hard work. Yes, I do say,
she does deserve more than
one day per year. Some people
feel if they shower mother
with gifts on Mother's Day,
it is really showing their ap
preciation (which is good),
but I feel mothers would
rather have Love and Respect
every day of the year, than a
shower of gifts one day of
the year.
It is sad to see so many
of us wait until that day to
try and show mother that we
love &nd appreciate her. If
we would only stop to think
that nothing but nothing can
compare in beauty and
wonder and admirableness,
and devinity itself to the si
lent work in obscure dwellings
of "faithful" women bringing
their children to honour, vir
tue and piety. It has been
said that when God thought
of mother, he must have
laughed with satisfaction and
framed it quickly - so rich,
so deep, so devine, so full of
soul, power, and beauty was
the conception.
I always tried to do things
that I thought would make my
mother happy, or to show
her that she has a special
place in my heart, but when
she parted this life on Octo
ber 4, 1970, I suddenly rea
lized maybe I could have done
more. As time passed, I then
realized never can enough be
done for one's mother.
With this I leave with a
very beautiful thing I once
read by Philip E. Gregory.
"How sweet are the thoughts
that fill my heart today dear
mother of mine. Memories
that stand in the mist of the
year, fadeless, enduring for
ever. The comfort of your
arms - my first cradle, the
solace of your voice • my
first music, the tenderness of
her hand - my first shelter.
How lovely you stand today
pictured in my heart and en
shrined in the Sanctuary of
my Soul."
Helps Shrink
Swelling Of
Hemorrhoidal
Tissues
caused by inflammation
Doctors have found a medica
tion that in many cases gives
prompt, temporary relief from
pain and burning itch in hemor
rhoidal tissues. Then it actually
helps shrink swelling of these
tissues caused by inflammation.
The answe«- is Preparation H*.
No prescription is needed for
Preparation H. Ointment or
suppositories.
'»-* • ■ « ■*•»» ■■■■« - rr j
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-r-'«•>«,', ' • • i "VUj fi»i
'A* Durham Petition* Cr*r+r~-* : ~*, *etept ms
ottr kttk principle the brotherhood o' v%~*, , 4*|
men nre crest** en": f# 'r~rhont *+f ( ■
one race, religzor, rofoi or heritage being to —other.
IT c believe tb*t every person has teorfh mntt
luve the opportnruy to wort, Irve, enjoy hit *'—-r h tbe>
u nrid with dignri 7 md ftntire.
We pledge, tndividmaUy em 1 collectively, to do everytOH* '
in ortr power to brunt each right to participate —r*he>~t
' hcrimhtatiou in e'.l arts; of life morr "mmmty - m eJfHvtioc, |
:u rmployment, ra homing, in recrer*':v*, m pmh'ic rTor~-
•1 i'ttont, sni ;r arty ■•/ her etrocratror b? may have tei*!- b~
'. How men. *
May 12, 1970 The Hum?n Pf'r'ion» Commtfwn
Of "Hie Orv n*
ALL PEOPLE SHOULD LIVE BY THEM
# PRINCIPLES I ALWAYS HAVI AMD
I STILL LIVE BY THEM.
|
! J. LESLIE
ATKINS.
INDEPENDENT City Councilman Word 4
RESPONSIBLE PULL LEVER NO.
QUALIFIED
CONSOLIDATED REPORT OF 1 CONDITION OF
TjW
MECHANICS & FARMERS BANK
of Durham in the State of North Carolina and Domestic Subsidiaries
at the close of business on April 20, 1971.
ASSETS
Cash and due from banks $ 1,869,*675.61
U.S.' Treasury securities 3,241,400.62
Securities of other U.S. Government agencies
and corporations „ 4,177,057.82
Obligations of States and political subdivisions.'. 2,645,'756.51
Otßei" Securities:' .'P. ?».« 2,792.82
FeteraHwnd%sos purchased ußg** >asvv u? ~I L
agreements to resell 4,000,000.00
Other loans ! .'.'V-. ..'. . 9,606,613.19
Bank premises, furniture and fixtures, other assets
representing bank premises 840,373.48
Real estate other than bank premises 11,860.69
Other assets 240.076.03
TOTAL ASSETS $26,635,606777
i ■
LIABILITIES
Demand deposits of individuals, partnerships,
and corporations $ 8,828,834.01
Time and savings deposits of individuals, partnerships,
and corporations 10,976,394.22
Deposits of United States Government 1.233,484.55
Deposits of States and political subdivisions 2,686,233.21
Certified and officers' checks, etc 472,999.06
TOTAL DEPOSITS $24,197,945.05
(a) Total demand deposits 11,431,550.83
(b) Total time and savings deposits 12,766,394.22
Mortgage indebtedness 244,170.87
Other liabilities 209,031.79
TOTAL LIABILITIES ."$2^651,14771
MINORITY INTEREST IN CONSOLIDATED
SUBSIDIARIES 20,153.81
RESERVES ON LOANS AND SECURITIES
Reserve for bad debt losses on loans (set up pursuant to
Internal Revenue Service rulings) 4 $ 143,283.16
Reserves on securities -T? lisOO.OO
TOTAL RESERVES ON LOANS AND SECURITIES 144,793.16
CAPITAL ACCOUNTS
Capital notes and debentures $ 200.000.00
(specify interest rate and maturity of each
issue outstanding)
Equity capital, total 1,619.522.00
Common stock-total par value ; 568,895.00
(No. shares authorized 200,000)
(No. shares outstanding 113,779)
n U T' U w y"" i". • • 806,587.00
Undivided profits 24404009
TOTAL CAPITAL ACCOUNTS 1 819 522 09
TOTAL LIABILITIES, RESERVES, AND
CAPITAL ACCOUNTS $26,635,606.77
MEMORANDA
Average of total deposits for the 15 calendar days
ending with call date $23 346 464 00
Average of total loans for the 15 calendar days
ending with call date. 0 402 252 00
Total deposit to the credit of the State of North Carolina or
any official thereof. t $660 559 29
I, D. L. HARRISON, Cashier, of the above-named bank, do solemnly
swear that this report of condition is true and correct, to the beet of mv
knowledge and belief.
D. L. HARRISON
Sworn to and subscribed before me this 4th Correct— Attest:
day of May, 1971, and I hereby certify that I am not CLYDE DONNELL'
an officer or director of this bank. J. H. WHEELER
'JOSEPHINE S. STRAYHORNE, Notary Public J. S. STEWART
My commission expires December 10,1974. Director*
SATURDAY, MAY 8, I*7l THE TOM-
3A