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Serving All Of Franklin County
T?l. GV 0-3283
Five Cents
Louisburg. N C-, Tuesday, January 21. 1964
(Eight Pages Today)
94th Year? Number 96
1st Federal
Has Biggest
Year Yet'
At their annual meeting on
Wednesday, January 15, 1964,
the Shareholders of First
Federal Savings and Loan
Association of Rocky Mount
heard a report from their presi
dent, Henry Gregory, in which
he called "1963 another won
derful year for First Federal'
and stated "our steady growth
not' only continued, but our
assets increased over two mil
lion dollars, giving us, at the
close of the year, assets of
$19,736,104.96, Actually, this
represented the greatest growth
-the Association has experienced
In recent times".
Gregory commented, "our
gross loans In 1963 exceed
four million dollars, and our net
loans exceeded three and a half
. million dollars. Approximately
20%, or $800,000.00, was loaned
by our Louisburg Branch
Office".
Shareholders learned that
"over $600,000.00 was paid In
dividends to our savers, and
saving Increased more than
one melton dollars. After pay
ing expenses and dividends,
over $70,000.00 was added to
(its, which at the close of the
year, exceeded $1,277,000.00.
In addition to these reserves
and undivided profits, the As
sociation continued to carry a
healthy reserve in United states
Government Investments, which
at the year end, exceeded $2,
800,000.00."
"During 1963", presldentGre
gory declared in his report,
"we were able to complete our
enlarged home office quarters
and the planning of new quarters
for the Louisburg Branch. The
Association occupied its re
modelled quarters In March,
1963, and had its formal open
ing In April. It was the con
census of not only the directors
_ n^nagement and staff, but of
hundreds of our many friends,
that the opening was a mag
nificent success. The opening
was attended by not only our
many friends from Rocky
Mount, but a number of our
friends from Louisburg, and
other areas."
Commenting on the Loulsburg
Branch, Gregory reported,
"The Loulsburg Branch was
opened In Febrary, 1962, had
Its first full year of operation
In 1963, and not only has it
had steady Increase In new sav
ings accounts and new loans,
but the overall progress of the
Branch Is demonstrated by the
fact that our directors have
authorized plans and specifica
tions to be prepared and sub
mitted for bids for the erection
of a new Branch Office build
ing at 200 North Main Street
in Loulsburg, which wtill pro
vide a drive-in window and ad
equate parking space. It la the
unanimous feeling of your di
rectors and management that
this is a sound and healthy
operation, and we should ex
pand to permit healthy and sound
growth". President Gregory
expressed appreciation to
Messrs. James M. Allen, Jr.,
T. Mort Harris, and Julius
P. Tlmberlake, members of
the Loulsburg Advisory Com
mittee, for the major contri
bution they have made during
the year to the Loulsburg
Branch operations. He also
commented on how well pleased
the directors and management
have been with the fine Job
being done by Assistant Vice
President and BranchManager,
Frank A. Read, Jr., and his
competent associate, Mrs. Em
ma D. Davis.
"We feel sure", said Gre
gory, "that our Branch Office
In Loulsburg has meant a lot
to the economy there. In mak
ing loans of approximately f 800,
000.00 during the year of 1963,
many people have benefited as
a result. Each time a mort
gage loan Is made, fu.ids are
pumped Into the economy
through real estate sales, pur
chaws of building supplies, em
ployment of plumbers, electri
cians, heating and air condition
ing firms, work for painters,
brick mason, landscapers, and
numerous other Individuals and
businesses are affected."
Gregory's report continued,
"Our saving* in Loulsburg In
creased substantially, and over
$25,000.00 was paid in dlvl
( See FIRST FEDERAL Page 8)
Damage Reported:
Wind, Rain, Hail
Rake County Area
A line squall proceeding the
passage of a high pressure cold
frontal system across the State
brought rain, hail, lightning and
damaging winds to Franklin
County early Monday alter
noon.
Tornado like winds accom*
panylng the spring like elec
Firemen Subdue Blaze In Home
Louisburg Volunteer Firemen,
unable to reach the flames by
ordinary methods cut their way
through metal shingles to get at
the fire in attic of Green resi
dence on Bickett Boulevard here
Saturday. - Times Photo.
Firemen Quench Furious
Fire In Boulevard Home
Fire believed to have origi
nated from a defective chim
ney, severely damaged a two
story negro residence on Blck
ett Boulevard adjacent to
Wynne's Body Shop Saturday af
ternoon.
Louisburg volunteer firemen
were forced to scale the steep
ly sloping roof and break
through into the attic before
being able to control the fire.
Fire apparatus and hose lines
completely blocked the heavi
ly travelled US 401 bypass forc
ing traffic to be re-routed
through the business district.
The fire, discovered by a
passerby, who noted smoke
pouring out under the roof and
turned In the alarm from a
service station across the
street, had gained such headway
by the time firemen arrived that
It appeared It would be lmpossl
ble to control.
And while the local volunteers
were forced to give it all they
had, they did manage to con
fine the fire to the second story
and attic, although the first floor
of the house suffered heavy
water and smoke damage.
A fire department engineer
quoted the owner, Annie Green,
as saying that her loss was
partially covered by Insurance.
Local Man Wrecks While
Fleeing From Accident Scene
A 28 year-old Louisburg
plumbing contractor was seri
ously Injured Friday night when
his panel truck loaded with fix
tures and tools plunged off the
River Road into a ravine several
miles west of here.
Julian Finch was given emer
gency first aid at the scene and
rushed to Franklin Memorial
Hospital by the Louisburg Res
cue Service.
A Louisburg Fire Department4
pumper was summoned to the
scene of the accident by Res
cfters when It appeared the truck
might catch (ire before they
were able to properly effect the
rescue. Finch, thrown partial
ly out, was bleeding profuse
ly from a large gash on the
right side of his head and Res
cuers were also fearful of oth
er Injuries.
Loulsburg police were look
ing for a vehicle of this same
description at the time of the
jstfct^iit report following a re
port earlier by residents In
the vicinity that a panel truck
had jumped the sidewalk and
rammed a stone retaining wall
on East Nash Street across
from the Agricultural Build
ing.
Officers said that Finch sub
sequently admitted not only to
the accident on Nash Street,
but to driving with an expired
operator's license as well.
He was charged with driving
without a license and careless
and reckless driving.
Teer Installed As Scout Chief
Scouters from the 12-county
Occoneechee Council Installed
a new president Monday night,
Food Office
Relocated
After today (Tuesday, January
21 ) persons In Franklin County
wishing to make application (or
surplus food should to to a new
office located upstairs over the
Welfare Office on Court Street
Instead of the office on Justice
Ave., according to an announce
ment by Mrs. Jane M. York,
Director, Monday.
The Justice Ave., office In the
old Loulsburg Bridge Assoc
iation building Is being closed
honored him with one of Scout
ing' s highest awards, and paid
tribute to Gov. Sanford (or his
Scout leadership In 1963.
Nello L. Teer, Jr., of Dur
ham was Installed as Council
president, succeeding Arml
stead Mauptn of Raleigh. Teer ;
also received the coveted Sil
ver Beaver award for leader
ship in Scout work. ,
Governor Sanford received a ,
special commendation for his
role as chairman of the Coun
cil's Together Plan, under
which more than 100 new Scout
units were formed In the Coun
cil during the first half of 1963.
The 300 adult leaders attend
ing the dinner meeting at the
Sir Walter heard remarks bj i
the new and retiring presidents, i
the Governor and by Dr. Gun- ,
nar Berg of Atlanta, for 25 '
years national director of pro- '
fesslonal Scout training and now
professor of humanics at Ogle- j
thorpe University; and Spur
geon Gaskln of Atlanta, re
gional Scout executive for four ,
Southeastern states.
Dr. Bill Noel of Henderson, j
member of the Scout's regional
executive committee, Installed
new officers. The meeting's
closing ceremony was conduct
ed by the Temple Beth Or troop
of Raleigh headed by Scout
master Ben Sauber.
The Occoneeche? Council en- '
compasses more than 1,100 ?
units and 30,000 members In
Wake, Vance, Durham, Cum
berland, Warren, Granville,
Orange, Franklin, Moore, Lee, '
Chatham and Harnett counties. '
I trlcal storm took the front
I porch off Bowers Grocery at
Katesville and set it down on
top of the gas pumps, barely
missing a car that just pulled
up to the pumps for service.
The high winds also- felled
a huge tree Just across the
road at the Kearney residence,
blocking the driveway to the
house.
Here In Lou is burg the sud
den passage of the frontal
storm went almost unnoticed
by some. There was some
wind, heavy rain and hail, but
no damage was reported from
same.
It was much the same else
where throughout the county.
Some people reported that they
were not even aware of the
sudden storm until after It
had passed and they went out
side to discover downed trees
and other minor type damages.
Pulpwood
Worker Is
Overcome
A negro pulpwood worker was
apparently overcome by gaso
line or exhaust fumes and
another became violently sick
while riding to work In a panel
truck early Monday morning.
James A. WlUlams of Louls
burg was still unconscious when
Rescuers reached the scene
several miles sougheast of
Loulsburg on N. C. 39 about
7:30 Monday morning. While
Rescuers were attending to him
another of the passengers In
the truck fell suddenly and be
came violently 111.
Williams and the second
stricken man, John Earl Strick
land, 29, of Route 2, Louisburg,
were both taken to Franklin
Memorial Hospital.
The driver of the truck and
another passenger neither ap
parently suffered any effects
from whatever was the cause
of the sudden illness. All four
were employed by Billy Hud-,
son In the pulpwood industry.
Watershed
Meet Planned
Thursday
A meeting of all farmers on
Cedar Creek and Wolfpen Creek
drainage area In Franklin Coun
ty will be held at the Court
house In Loulsburg, Thursday
night, January 23, at 7:30 p.m.,
according, , to W. U. Smith,
Franklin County Soli Conser
vationist. The purpose of the
meeting Is for the people of the
area to decide whether or not
to file application for a govern
ment watershed project.
Bryce Younts, Administrative 1
Officer of the North Carolina I
Soil and Water Conservation
Committee, and David Dixon,
\rea Conservationist, Soil Con
servation Service, will be on
Hand to discuss the proposed
proJBg^ Including the type of
legal organization needed for
a watershed project.
Mr. Smith stated that It was
very Important for everyone
Interested In the project to at
tend this meeting.
Library Gift
The Loulsburg College Llb
-ary was given $250. for the
wrchase of books last week by
i Loulsburg native now living In
Torest city.
Mrs. T. Max Watson ( nee |
Lillian Beasley) made the do- ,
latlon In memory of her slater,
he late Cora Beasley. '
Wind Storm Damage
A large tree was felled across
the drive of this residence near
Katesville,( Top Photo ) by winds
during a storm Monday after
noon that also took the shed off
a grocery store across the
street. Workmen ( Bottom Pho
to) are pictured clearing up the
debris this morning. - Times
Photo.
Loot Recovered Before Missed
~~^i ?
Henderson Trio Held In
Rural Bunn Store Robbery
Three young Henderson white
men stole over $1,000 worth
of merchandise and other val
uables from D. C. Winstead's
Store near Bunn Monday night,
but got no further than Louis
burg with the loot before fall
ing into the clutches of the law.
Thomas Hunt, Jr., 21, Vance
W. Johnson, 17, and Robert
Medlin, 19, all of Henderson,
were taken into custody by
Louisburg police Patrolman
Earl Tharrington and Hubert
Shearon when the officers stop
ped their car on Bickett Boule
vard near the hospital for a
routine check and observed the
car loaded with loot.
All three were jailed on
charges of breaking, entering
and larceny.
Louisburg Chief of Police Wil
liam T. Dement commended t^c
two officers for their alert
ness which resulted in the ar
rests and recovery of the stolen
goods even before the robbery
had been discovered.
The -merchandise, Including a
cash register and electric add
ing machine along with a quan
tity of tools, was returned to
W instead this morning after an
inventory by Franklin County
Sheriff's Deputies. *
Stolen Bread Leads
To Man's Arrest
Loulsburg Chief of police Wil
liam T. Dement Monday an
nounced the arrest of a 30 year
old Louisburg man on charges of
stealing six loaves of bread
from the local IGA Super Mar
ket.
Dement said that Thomas Lof
tls was arrested by officers
T. B. Bottom and Earl Thar
rington about 4 a.m. Saturday
following the discovery of the
bread in his car duiji,ng-a rou
tine check.
Dement said that Loftis ad
- <
mitted picking up the. toread
from the sidewalk in front of
the store where it had been put
out by the bread routeman.
Loftis, the officers said, had
$120 in cash wages in his pock
et at the time of his arrest.
The two officers were com
mended by Chief Dement for
their alertness in bringing
aljgut the arrest of Loftis and
recovery of the bread even be
fore its loss had been noted or
reported.
Recovers Stolen Merchandise
D. C. Winstead is shown here
;his morning admid the loot
aken from his store near Bunn
ast night and recovered by off
leers here before he knew It was
missing. Three young Hender
son men were arrested and
charged with the crime.