nuTu.u savi::gs t.::d to::: Asstiaraio::
"-.. PAYS RECORD, DIVIDEND TO SAVERS
At the annual sharehold
er! meeting of Mutual Savings
ana' Loan Association, F.Vv
Allison, Jr.vice-president and
secretary, reported that th&
association paid it savers the
largest dividend in the his-
iory 01 me organization. The '
acting managing officer said'
Srn-SJ011 P' "vers "
$702,609. in dividends during
6 as "opposed to 166,914 !
or ten per cent over fte pre
vious year. '-t''"
Allison also ' informed the
shareholders at the, well-attended
meeting that Mutual"
s financial statement at the
end of 19,76 showed that the
assets wercup by $866,728
or 6.27 over the ' previous
year. 'r, . v
In the January 11 meet
ing Allison told the share
holders Savings deposits were
slow, at the beginning of the
year. However, beginning with
the second quarter, the savings
showed a steady growth thro
ought the balance of the
year. At the dose of 1976,
savings balances at Mutual '
Savings amounted to $12,079,
035. This compared to $11,
134,960 at the close of the
previous year, represents an
increase in savings accounts
in the amount of $944,075."
The appointment of Ra
lph A. Hunt as a new dir
ector of the association for
1977 was announced. The
new director is a member
of the Durham City Council
andk is' the executive ' vice' ed serve as Director Emeritus,
president of the Durham Bust ; - Officers of the associa
ness and Professional Chain, tion also reported that Mr.
A graduate" " of Johnson Jaryis , Martin was recently t
C. Smith Umversity and, North - appointed to serve - assistant
Carolina Central , University, secretary-assistant treasurer for.
Hunt is active hv imnv civir. the association.
affairs. , : Martin previously worked
; The retirement of Asa as a business development
T. Spaulding, ' Sr. as a dir- officer for the Durham Bin
ector : was also announced, siness and Professional Chain.
Spaulding was presented with for the past three years. Be-.
a plaque in '' appreciation of fore that he was a bookkeep-.
jj l 11- i .1 e j l-
uuciiui. nc wu man cre-i- iui uvia, im.
' m v mm M mm m
IT
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p t DR. ASHANTI
paggnc
!Z2 !m L-l Mi J
SAT., JANUARY 22, 1377 , THE CAROLINA Tl'.'.ZS 5
y By Dr. Faheem C. Ashanti
Department of Psychology
North Carolina Central
University
3
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is v i f i U
- :J tthf? ill
1 I
or
OOPS, WE GOOFED .
V
DIRECTORS MEET-Ntw director of Mutual Savings tnd
Loan Association Ralph A. Hunt (left) txchanga greetings
with retiring director and now Director Emeritus Asa T.
Spaulding, Sr.
LmjQ
YOUAiEttEfttHAN
' , . '!Mir 'til- u.. i .
YOU THINK
' A Bflahan (Black) 'tiZmtJ
or student does not by pngfiTP' jntnresaveVdmarks. The
background belong td the .' Biiick Mn OT rtudcnt can
c. so , suDuminauy seaucea oy
! these ' attempts to give a philo-
sdphical or religious account of
.. me, , universe, uiai nc suiieu-
' 'A Jjl" t! t- ' lu..
ueis vais wnoie pcisonauiy
(mind) to them. When he or
. jshe ; does that, that person
i Jose?, sight of the basic social
s fact, that he is buying into a
ibbelief i that eliminates his own
jrich;World view. In this way,
.the. individual does not draw
;;fcojn .his experience or educa
tion, and from the concern
shown by the great European
philosophers for human pro
blems, anything . which he
might use or relate to the
very real problems of his life
space. In this particular case I
am talking about the process
that has taken place (slavery)
and the ideas of inferiority
still (in certain instances) being
promoted and you buy or
believe them.
However, as a strong
' Due to a human error
the January 15, 1977 issue '
of The Carolina Times:!
contained an error which:!
was pointed out by?ui ?
ardent readers. The phor
tos for Mr. JohncHti
Wheeler,, who received .the j
Black Enterprise Annual;,
Achievement Award m the
field of finance, and, Mr.
John Allen Umstead, whp
recently passed away, were ?,
transposed. We are sorry
for this mistake and ex
tend our apologies to Mr,
Wheeler, . the family of
Mr. Umstead nd to those
in our readership who may
have been confused.
proud (Bilalian (Black) people
along with the dedication of
our older parents; leaders, and
educators we have not totally
succumbed to being dehu
manized. White individuals of
goodwill have also ably assist
ed and financially support the
Black. American. : When one
studies the history of the Black
American," he will find many
white people who have not
only stood side by side in the
strucde for freedom but also
fought and died with ' thV
fellow Black brothers and sis
ters. Had it not . been for the
white country of England, the
slave trade would not have
stopped, when it did. I will
not out the baby with the
bath water in the process of
our family discussion.
, True - it is a fact that
our ancestral world view and
geniuses have been left out of
philosophy, " religion, and
education on the whole. How
ever, much progress has been
made, especially, since the
modern contributions of
leaders like Marcus Garvey, Dr
Dr. Martin Luther King, Jr.,
Malcolm X, Elijah Muhammed
and Whitjyy Youne.
There was and is much
psychological comfort in being
able to attribute your own
shortcomings, and failures to
white racism. You do not
appear to like to face up to the
very real fact that you are not
prepared to accomplish your
goals that you want freedom
without a struggle, material
things without saving money,
jobs without creating your
own, knowledge without study
and respect without being re
spectful, to lose weight with
out changing your diet and
eating' less, and finding peace
of mind without God. -
It appears that you want a
beautiful morning without the
eye of God (sun). It is now half
time hi the football game, stop,
slowdown THINK, you hare
all that you are Karching for at
your finger tips. If you were a
snake, you , would bite your
self. You have been programm
ed to be great in your own
way. Help yourself, you are
Better than you trunk.
When one begins to blame
white racism for his lack of
achievement or progress, he
sets himself up unknowingly
for second class citizenship. He
will become satisfied with
being the assistant instead of
the director, the player instead
of the coach, always the stu
dent but not the teacher, the
also ran but not the-winner.
Before he or she begins each
new race (job) he looks for his
old reliable - the crutch of
white racism to lean on
without ever considering using
Ms own strong legs and tfi..i
If you da not have the know
ledge a3 at opce - ask for
! asastance1, seek you
find. Actually, people are
'flattered and. honored wften .
someone comes to them for
their assistance and advice.
You most drop the habit
of being led Eke a child and
defeating yourself. If there is
something you want to do, pre
pare yourself and try.- If you
do not try, do not blame wru'te
racism blame yovielf.
Whites do not put dope in your
arms, make you disrespect
to your fared ones, not ' V
your homework you do this
yourself. You may be led to
the table but you cannot be
made to eat. I '
Interestingly, I overheard a
conservation that stated
"White racism is not the pro
blem in our struggle, it is the
Black woman." What are your
views on this topic?
Write to Dr. Ashanti, P.
O. Box 19&49,-North Carolina
Central University, Durham,
North Carolina 27707.
AT THE FUTURE BOUTIQUE OUR BUSINESS IS
Leather uarmenu Kepair
7
& Restoration
I We Repair Rips and Tears, Clean and Ref 'mis
To remake your valuable leather rtene
FUTURE BOUTIQUE
2501 Fayctteville St., Durham
We a I vi nuke custom nude leather tjrmcnti
STATEMENT OF CONDITION
MUTUAL SAVINGS AND LOAN
ASSOCIATION
OF DURHAM, N. C, AS OF DECEMBER 31st 1976
ASSETS
THE ASSOCIATION OWNS:
Cash on Hand and in Banks , $- 278,004.27
State of North Carolina and U.S. Government Bonds .... 515 875 00
'Stock In Federal Home tarvBaftk . . , . . . 120.000m
Share Loans
Advances made to our shareholders against their shares,
Advances for Insurance, Taxes, Etc
Office Furniture and Fixtures
Office Building
Other Assets
TOTAL '.t.
LIABILITIES
THE ASSOCIATION OWES:
To Shareholders . ij;
Shares Outstanding
'
Notes Payable; Federal Home Loan Bank
156,014.46
13,000.00
11,351.25
143,956.16
534,814.24
$14,689,215.96
.$12,079,035.98
1,000.000.0a ;
'it v .
Accounts Payable
,Loansin Process
Undivided Profits
Federal Insurance Reserve
Reserve for Bad Debts
Other Liabilities . .
TOTAL
8,4709
234,483.78
240,550,64
541,093.00
331,692.89
253,889.18
; 7Tfr689.21&96
.
STATE OF NORTH CAROLINA
COUNTY OF DURHAM, ss. " ' :J jjJi
:-M.tF,''V''AlLISON,'.-JR.if.SecrBtary.of. the above named Association per-! ;
sbnally appeared before me this day, and being duly sworn, says that the
foregoing statement is true to the best of his knowledge and belief, y 1
"k V. ALLISON, JR.
'. ' 'sSSecretary
Sworn and subscribed before me, this 18th day of January, 1977. VTVJ AN R:
PATTERSON, NOTARY PUBLIC. My Commission Expires July 21 , 1980. : ; ' ;
OFFICERS AND STAFF
; , W. J. KENNEDY, JR.. . . .Chairman of the
v"'" " ' " ":.' " "Board
F. V. ALLISON, JR. . . . . Vice President -
: Secretary
V J. W. GOODLOE ... Vice President
A. T. SPAULDING ...... Vice President
MRS. JOSEPHINE S. STRAYHORNE
........ Treasurer-Assistant Secretary
MRS. ANNIE A. JOHNSON . . . .Assistant
. ' Secretary
MRS. MARGARET H. DAVIS
MISS VALERIA J. JARMAN
MISS RUTH E. MCNEILL
MISS ESTHER F.PEGRAM
DIRECTORS
.: )."! .-lis
-;;,FAiJi fft ,
R.E Dawson
J.W.Goodloe
J.J.Henderson
William Jones ?' ;.
W. J. Kennedy, Jr. :
A. T. Spaulding ' ?
C.C. Spaulding, Jr. ' 1 -Mrs.
Josephine S Strayhorne ';, '
J. H. Wheeler,
Nathaniel B. White '
DIRECTORS EMERITI, ,. ,.;
. G.W.Logan ! . ,
H. M. Michaux '
, .....
This is'fheyeor Ford Motor &)mpssiry
to md vlhaar cors irusf iresistaimt.
... ..Have you seen the new 1977
Forercury grKtWoln cars?
You can't telf by looking at 'era
but these cars fiave more rust
protection bdilt into them than
any cars Ford Motor Company
has ever built. It's true... 'cause a
Cosby don't lie.
Zlncronwtal stol.
W use a lot of tt.
'Caus rust hates H.
fx
CI
;
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Wm m JCim m m-jw- r M MT-tr M MW w m r UjT
AT AWf M MUr at M Mi aT -AT M AT M
aVat' I aT aw M r at I w
P 17 fS
ZAPI It's how nwtd grabs
paint and hangs on Oca a magnet.
Zap! Metal grabs hold of
primer paint and hangs on.
Like a magnet!
Then ... on go vinyl sealers.
Sprayed into little seams an';
joints where rust likes
to sneak in.
See the holes in the
doors? They're
") y """fl J
eMeistMassaBMsaasa
mm. p"Slls
If v.
( "
n r j
I i
.mA I. V M M . L.I
. 1 wnere san ana nwa m kk id worn
TO DOKe wanas away at metal... on go vinyl sealers.
into ... to spray
r 1 'it u. .:u l u. .
uiuiiiiMicu proor cur nabn r ueenuum yci...uy
wax inside door anybody.
panels and other But this is the year Ford Motor
hard-to-get-at places. Company's done more than ever
men... us an to make meir cars hjst resiSTam.
wrnnrvd unin It'ctn ip
alumlnjxed wax goes In ... to keep rust out. g coats of
at,
Firstthing they're
stiii using ioib ui If v-r
Anrl met rfcktrint !' .. t-
Zincrometal steel. ' - 1
Lots of it . . . 'cause
rust hates it.
And when the V See these holes? This Is where
whole body's built,
they spray it with primer paint.
Or it gets dunked in a tub of
primer paint . . .where the body
gets an electrical charge that's
positive . . .and "the primer gets
a negative charge.
tough acrylic enamel.
It's simple. Ford wants
to be your car company.
' I'
V ) SSmm9'
- 1 miiirmnw-v
Zincromrtol o registered frodemor d Diamond Shamrock Corp
Every ear gets 3 coats of towah acrylic enamel on toe ol the rimer.
This Granada wears more paint than my Aunt Flout.
i - .
NMMHIHtM
6 - 4' "
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