:i..-
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THSJ(
t*PA1
The Home Front
tkmagfi, indeed, is the obseision
' mmu Amerieens that we’re go-
B to win this war simply because
■ mat .auiperiority in natural re-
•■eea and industrial capacity,
n£ GOING TO WIN THE
AM- But we’re koiok to win it
k iBinply because of our superior
resources and industrial
ity. Victory will come even
because of our intelligent
«f those thinifs.
t is the determination of the
t Production Board to use
K IhinB* inteliigrently that lies
Pa3rneClotiiingCo.
JSorth Wilkesboro, N. C.
behind its actiwi in slicing away at
civilian manufacture. Tbs neces
sarily precedes the funneling of
vastly increasing quantities of ma
terials into war production.
Reflecting this uftbending deter
mination of the WPB are two or
ders, one prohibiting the further
use of iron find steel in a long list
of products and the other calling
halt to all construction not essen
tial to the war purpose. Those
two orders call for sacrifice. But
let us keep always in mind that
sacrifice aloni will not wia the
war. It is not just doing without
something which will vanquish our
enemies: rather, victory will come
as a result of positive, aggressive
action—both on the home front
and on the fighting front.
We are now producing weapons
for our armed forces and for our
allies at the rate of some 30 billion
dollars a year. It’s not enough, of
course, but it’s three times what
we were doing last year—and our
pace is accelerating. Let Hitler
and Hirohito and Mussolini think
that over!
Three Prob'ems Face U. S.
The most important problem -w
face on the Home Front today is
that of production, but there are
three other problems to be solved
if we are to get production to the
fullest. These problems are (1)
shortages of material.s vital to the
war effort: (2) inflation, which
means that prices are getting
higher and higher and that unless
something is done we won’t get our
full value in planes and weapons
and .ships for our money: and (3)
transportation.
Transportation, both for passen
gers and freight, is going to be
come more difficult every day. Be
cause of the increasing demands
on the railroads,the office of De
fense Transportation has asked
government agencies and private
bu.sinesse.s to order only the trans
portation they know they can use
. and al.so that ro.servations be
made and tickets purchased well
ahead of time.
The pro’jlems of mo'or tmnspor-
tatioTi increase also. The Office of
Price -Administration warns that
there s no guarantee that recapp
ing material will be available even
for the tires of defen.se workers
. . . end that "national interest
and not th‘ convenience of war
worker” is the governing factor in j
allocating such material. If you
tirive to work, pool the use of your
..•ar with that of a neighbor or fel-l
iow worker—tires will last twice
as long.
n. c.
'MbNDAl
MARLOrS MEN’S SHOP
Michaels-Stern Suits—Mallory Hats
OPA Flghto bKttfei'
The OPA i combatinr lufUtUm
and the rising coet of Hying, and
this fight muet be won if we are
to defeat the Axis. Withinthe
past few days, the OPA hae added
many articles—including 44 elec
trical appliances—to a long list of
things over which it has set max
imum prices. The OPA has just
opened seven new branch offices,
and more are to be opened as the
need becomes apparent.
In Los Angeles a tire dealer has
been indicted for violating ration
ing regulations, this being the first
case of its kind on the Pacific
Coast . . . And the City of Toledo,
Ohio, lost in 8 court ruling that
municipalities must conform to
OPA price maximums. The city
was selling street railway track
scrap.
Cigarettes Feel Pinch
WPB has ordered cigarette man
ufacturers to stop wrapping ciga
rettes in lead foil after May 1, re
gardless of how much lead foil
they may have on. hand. Lead, let
it not be forgotten, is the raw ma
terial for bullets, and tetraethyl
lead going intoi the making of
hightest gasoline used in a 400-
mile an hour fighting plane.
And since lead is one of ^ the
things we need in great quantities,
it is one of the metals we must
watch for especially as we push
the "Salvage-for-Victory" Cam
paign. This time of spring house-
cleaning is a good time to collect
any scrap metal, old rubber, rags
or paper you have around your
home. Give your waste to a chari
table organization, or sell it to a
scrap dealer. WPB is counting on
it to help build the tanks, planes,
ships and guns America needs.
Clothing Affected
The need for conservation of
materials has reached into the
field of women’s styles—but not
with the same results as in the
case of men’s clothing. About the
only paralled between the rulings
affecting men and those affecting
women is that there will be no
cuffs of man’s trousers . . . Other
wise, the effect was to .save ma
terial and at the same time avoid
any drastic and arbitrary interfer
ence with style. WPB’s effort was
to strike an average and then to
move within that average to ef
fect savings. It won’t affect cloth
es for this spring and summer
anyway, since most of them arc
already made.
Named On Committee
Twelve men identified with the
Southeni hardwood lumber indus
try have been invited by the Of
fice of Price Administraton to
serve on an industry advsory com
mittee to cooperate wth OPA in
studios of the price situation con
cerning the industry. Included
THE HOME FRONT—Gal two.
among the 12 are; M. W Camp,
Camp Manufacturing Company,
Marion, S. C.: J. W. Foreman,
Foreman-Blades Lumber Compa
ny. Elizabeth City, N. C., and H.
C. Parrish, Richmond Cedar Works
Norfolk, Va.
iti
OnThcCMeTopI^^
Those ace comedians, the Weaver Brothers and Elviry, return
Thursday and Friday tb the screen of the Liberty Theatre in the new
Republic picture, “Shepherd of the Ozarks.” The Weavers are seen
as the leading citizens of a backwoods village whose peaceful exis
tence is suddenly shattered by the complications which develop when
a deposit of aluminum-bearing bauxite ore is discovered in the area.
As in all the Weavers' previous pictures, comedy and music predomi
nates in “Shepherd of the Ozarks.” The excellent supporting cast
includes such favorites as Marilyn Hare, Frank Albertson, Thurston
Hall, Johnny .Arthur, and William Haade.
Ui« ..mtifig they bAt
when ’dlaelutrged',‘’‘pr0riAetf they
were discharged .under honorable
conditions.' Rs-sBlistment is alto
I 'anthorlsed st a higher rate than
that held at time of discharge
• where the man is considered
^qualified: requests for re-enllst
meat as second clast petty officer
' or higher wilt be referred to the
Bureau of Navigation foi con
sideration. E!i-Chlef Pe'ty Offi-
eers, permanent appointment, will
I reenlist as petty officers first class
J and immediately be tesued an ac‘-
■ ing Chief Petty Officer appoint
ment.
Age limit is computed on the
basis of 36 plus the leng’b of ser
vice of the men, provided be is
not over 60 years of age. For in
stance a man who has ten years
of service may re-enlist up to his
46th birthday. Considera’ion will
be given to cases where the appli
cant has passed his 50th birth
day.
Men who re-enlist will have
their .past service count on long
evity pay and for transfer to the.
Fleet Reserve and retirement.
Further information may be ob
tained at the Navy recruiting
Station, Post Office Bldg., Salis
bury,, N. C.
BUY DEFENSE BONDS
Kaeok. troftcal ffoM tuwd AT;
iflOHKBMrtof*. pOlows. aad-hoat-
hMMtfatiny corora, can fcavar lDnl
war loBSM partly made good hy
swhetitntion of milkweed do#ai
a similar aabetanca. » '
HOTB-PROei,
Yonr hcHne for as little as
f^nmigant approved by U. 8. Dept,
of Agrf. Simple to use. Sold by
W. 8. C. S. Methodist church.—
'Phone 159 or 521.
Williams Motor
Company
T. H. WILLIAMS, Mgr.
BEAR FRAME
SERVICE
jood Used Cava, Trucks
and Tractors
• EASY TERMS •
Will Pay Cash for Late Model
Wrecked Cars and Trneka
Zomplete Body Rebuildmg
Blectric and Acetylene Welding
’PHONE 334-J
REPORT OF CONDITION OF
Now’s the time
to get on
OK USED CAR
Buy Coal Now
OPA warns that you’d better
buy your coal for next winter now
or soon ... we may not be able
to spare transportation space next
fall to get it from the mines . . .
The jewelry industry has until
May 16 to use up what silver or
gold-plated copper it has in inven
tory—and no more copper after
that . . . The supply of adult bi
cycles has been “frozen,” and bi
cycles will be made available to
•war workers first and to other
civilians afterwards . . . The Red
Cross will collect those cuffs cut
from trousers and will realize a
profit on their sale to wool pro
cessors . . . With the radio indus
try converting 100 per cent to war
work, RCA turned over the last
product of its Camden plant to the
Warm Springs Foundation . . .
The War Productive Drive pro
ceeds space with more than 300
major companies now fully parti
cipating and several steel makers
reporting all-time record broken.
. . . .Several firms have been pen
alized for violating aluminum
priorities . . . After June 30, tin
may be used to can only a limited
variety of condensed soups . . .
OPA has ruled that mud and snow
tires, with heavy rubber lugs and
(reads, can’t be replaced by new
summer tires but must stay on the
rims until worn out.
Ex-Navy Men
Mav Re-Enlist
The Salisbury Navy recruit
ing station hr.s been notified by
the Bureau of Navigation that
Ex-Navy men with liroken service
may now .-e-enlist in the regular
BANK OF NORTH WILKESBORO
Of North Wilkesboro in the State of North Carolina at the
Close of Business on April 4th, 1942
ASSETS
Loans and discounts (Including NONE overdrafts)-- $1,089,070.40
United States Government obligations, direct and guar- g.i? 3:17 39
anteed —; —leo’nuiQi
Red Cross Passes
Its $65,000,000 Goal
from your
Chevrolet de
Defense workers!
Make an investment
in long, dependable,
low-cost transporta
tion! Buy on OK used
cor from your Chev
rolet dealer and con
serve time and energy
for your job! Good
buys • • • Good prices
• • • Convenient terms.
Chairman Says Results Give
Proof of Nation’s Deter
mination To Win
PRias
good
VAUIB
SEE YOUR
LOCAL
CHEVROLET
DEALER
^ TODAY!
Gaddy Motor Company
North WOkesboro, North Carolina
Washington, D. C. — Chairman
Norman H. Davis has informed
President Roosevelt that the $65,-
000,000 War Fund goal of the
American Rqd Cross has been
reached, with additional contribu
tions .still being reported by chap
ters throughout the country.
In a letter to the President, Mr.
Davis described results of the drive
а. s ‘Tnagniricent proof not only of
the vitality of the Red Cross but
of the determination of the people
to make whatever sacrifices are
called for to win the war.”
The drive was officially opened
December 12, when President
Roosevelt issued a proclamation
asking the American people to sub
scribe to the Red Cross War Fund
of “a minimum of $.50,000,000.”
With Red Cross volunteers ac
tively engaged in the campaign in
the more than 3,700 chapters
throughout the 48 states, the mini
mum goal of $50,000,000 was
reached February 7, Chairman Da
vis said. At that time the Red
Cross asked the public for an over
subscription to the Fund which
would bring the total to $65,000,-
000. This was deemed advisable to
meet the demands upon the Red
Cross as a result of the growing
war needs of the country, Mr. Da
vis said. This goal was reached
March 26.
Thomas W. Lament, ct New
York, served as chairman of the
National Advisory Committee, and
heading the campaign as national
chairman was S. Sloan Colt, New
York banker.
Funds raised in the War Fund
Campaig(n are being used to ex
pand Red Cross services to the men
of the armed forces, wherever they
may be assigned, and on the home
front.
In his report to the President,
Mr. Davis write, “Many sugges
tions have been made that as a na
tion we are not aroused to war.
The response to the Red Cross
War appeal is evidence to the con
trary. As you know, the Red Cross
has more than 3,700 chapters and
б, 000 branches,averaglng three to
a county in the 48 states. Every
ope of these units has gone to
work cheerfully and produced
■eoeroua results.”
•Wi
Dbligatioms of* States and political .subdivisions
Other bonds, notes, and debentures —--^-
Corpmate stocks (including NONE stock of Federal Re
serve bank) — ,
:ash, balances with other banks, including reserve bal
ances, and cash items in process of collection
Bank premises owmed $41,000.00, furniture and fixtures
$1,7,57.50 — "-NCrc: i - .
(Bank premises owned are subject to NONc^ hen^ not
a.ssumed by bank)
Real estate owned other than bar k premises
Investments and other a.ssets indirectly representing bank
premises or other real estate --
Customers’ liability to this bank on acceptances outstand-
Other assets i.
168,083.31
29,969.39
NONE
1,019.263.44
42,7,57.50
NONE
NONE
NONE
2.464.47
A
*-0
TOTAL ASSETS — - — --
LIABILITIES
Demand deposits of individuals, partnerships, and corpora
.$2,608,945.90
$1,004,.505.83
Time deposits of individuals, partnerships, and corpora- ^
Dcp(«ite^ ofUnited States Government (including postal
Deposit^of ^Stales and political subdivisions
Deposits of banks
Other deposits (certified and olficers 7,7,7,'
TOTAL DEPOSITS —$2,3()8,093.11
Mortgages or other liens, NONE on bank premises and
NONE on other real estate. - , • . a
Acceptances executed by or for account of this bank and
outstanding
Other liabilities - - _
49,631.30
124.440.81
NONE
8,4.58.59
NONE
48,832.82
TOTAL LIABILITIES (not including subordinated obliga
tions shown below) -8^.dbo..(ao.a.>
CAPITAL ACCOUNTS
Capital*
Surplus —
Undivided profits —
Reserves (and retirement account for preferred capital)
99.700.00
125.000.00
15,023.96
12.296.01
total CAPITAL ACCOUNTS ^52,019.97
TOTAL LIABILITIES AND CAPITAL ACCOUNTS—- 2,608,945.90
♦ 'This bank's capital consists of $NOKE of capital notes and deben
tures- first preferred stock with total par value of $49,71)0.00, total re-
tirable value $49,700.00; second pr^eferred stock with totol par value of
NONE, tot.’J retirable value NONE: and common stock with total par
value of $.50,000.00.
MEMORANDA
(
Vt!cvxh
JEW
witfl CHARLES COBURN
Claude Rains • Judith Anderson
Nancy Coleman • Ka>tcD verne
Mtria OUSPENSKAYA • Hkxt DAVENPORT
Screen Pby by Ca«ey Roblnaon • From tbe Horel
by Henry Beltfitnenn • Music by Erich Wol^oc
KomsoU • A Wetnet BroL-nnt Nit*L Pktiirt
Pledged a.s.sets (and securities loaned) (book value):
(a) U. S. Government obligations, dmect and parantced ^
pledged to secure deposits and other liabilities - $ 1-2,1j1.)J
(b) Other assets pledged to secure deposits and other
liabilities (including notes and bills rediscounted ami
securities sold under repurchase agreement) -
ic) Assets pledged to qualify for exercise of fiduciary or
corporate powers, and for purposes other than to se
cure liabilities .
(d) Securities loaned —
84,492.01
NONE
.NONE
(e) TOTAL
206,643.70
Thursday - Friday
A UNIVERSAL PiOURE
Now Showing
AU£N
Secured and preferred liabilities:
(a) Deposits secured by pledged assets pursuant to re.
quireraents of law —-
(b) Borrowings secured by pledged assets (including re
discounts and repurchase agreements
(c) Other liabilities secured by pledged assets
(d) Deposits preferred under provisions of law but not
secured by pledge of assets
171,218.30
NONE
NONE
NONE
(e)
TOTAL —
171.218..30
NONE
Subordinated obligations: j . o in
(a) Unpu.d dividends on preferred stock and unpaid in
terest on capial notes and debentures, denied to end
' of last dividend or interest period, not included in lia
bilities or reserves abov ....
(b) Other obligations not included in liabilities wnicn
are subordinated to claims of depositors and other
(a7on*^dSe’5 report the required legal reserve against
deposits of this bank was - 2.14,108.31
(b) Assets reported above which were eligible as 'egal
reserve amounted to * ’ ’
nont:
I R, W Gwyn cashier, of the above-named bank, do solemnly swear
that the above statement is true, and that it fully and correctly
S the true state of the several mattep herein conteined and set
forth, to the best of my knowledge and belief.
Correct—Attest: R. W. GWYN Cashier
E. M. BLACKBURN,
J. A. HEX,
R. G. FINLEY, Directors
A
State of North Carolina, County of WHkeS’ ssr
Sworn to and subscribed before me this 14ta day of Ap^, 1^, and
I herdiy certify that I am not an officer or director of this bank.
(SEAL) MAZIB J. CHtTRCH, Notary Pnblie.
My commission expires Jane 8, 1948. j .iji