2nd Class Postage Paid At
Tryon, North Carolina, 28782
Established January 31, 1928
POLK LIBRARY
->. 204 TALKER
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noy 91"
THE WORLD’S SMALLEST DAILY NEWSPAPER
Founded Jan. 31.1928 by Seth M. Vining
(Consolidated with the Polk County News 1955)
Jeffrey A Byrd. Editor and Publisher
The Bulletin is published
Daily except Sat. and Sun.
106 N. Trade St., P. O. Box 790
Tryon, N. C. 28782
The Tryon Daily \ . . n. .
* (USPS643-360) &
Phone 859-9151
Vol. 64 - No.20
nW weather Tuesday: high 59,
low 35, hum. 65 percent.
Church Women United will
kick-off their Jubilee Year
tomorrow at 11 a.m. at Tryon
Presbyterian Church by cele
brating the World Day of
Prayer.
Tliey say you can prove any
thing with statistics. Recently
we cited surveys printed in
Business Week and Fortune
magazines the results of which
praised NCNB National Bank.
Art Champlin of Tryon
clipped a recent survey from the
New York Times National edi
tion which cast a less favorable
light.
Using Shcarson Lehman
Brothers estimates, the Times
analysis suggested NCNB
might be over-estimating its
capital by placing unrealistic
values on highly-leveraged
(read that: risky) loans, and also
might be under-estimating the
amount of reserves it may need
to cover losses on bad loans.
The banks’ own estimates of
capital arc the "reported”
amounts, while Shcarson Leh
man's analysis is the "adjusted
amount in the Times presenta
tion. Champlin discusses these
(Continued On Back Page)
Printed In the THERMAL BELT of Weetem North Corollna
12 Pages Today
TRYON. N. C 28782 THURSDAY. FEB. 28, 1991 2n « Pir C °P>
Peblers, Culberson
Honored By 4-H
"The brick building" has long
needed a name, said Polk
county extension agent for 4-H.
Deborah H. Johnson.
Now it has one: The Culber
son Conference Center.
Paul Culberson, county
extension director in Polk
County for several decades, was
told of the honor before a
packed house at the 4-H
Volunteer Recognition Dinner
Tuesday night at the 4-H and
Youth Center in Columbus.
Culberson was responsible for
purchasing the 4-H center
facilities, along with the six
sunounding acres.
He also helped to establish the
4-H Education Scholarship
through the Polk County
Community Foundation.
Also honored were Emmy
Pebler and her husband, the late
George Pebler. The dining hall
behind the new Culberson
Conference Center was named
Pebler Dining Hall, in honor of
the Pebler's many hours of
volunteer service to 4-H.
George Finnic and Marty
Lippincott, Iwo outgoing
members of the 4-H Founda
tion, were recognized for their
service.
And four names were added
to the 4-H "Wall of Fame" for
outstanding volunteers: Emil
Haney, Robert 'Bob' Watson,
Virginia Smith and H.P 'Lang'
Langley.
In her remarks as guest
speaker. Dr. Cathy Hill Shore,
(Continued On Buck Page)
Tryon Budget
Woes Outlined
Tryon is likely to end up
drawing down its dwindling
savings account by as much as
another $144,270 this year.
Town Manager Matthew
Dolge said his recent estimates
show 1990-91 revenues falling
$48,062 short of the amount
budgeted. At the same time, he
estimates town expenses are
likely to exceed budget by
$29,985.
Those amounts were
unplanned. However, already
built into the budget were addi
tional draws against the town's
savings accounts: $15,610 for
the general fund; and $50,613
for the water and sewer fund.
If these estimates prove close
to the truth, Tryon will draw
$144,270 out of its savings
"fund balance" this year.
This news comes just after the
town received a letter from the
N.C. Local Government Com
mission chiding the town for
allowing a trend of shrinking
fund balances over the past few
years.
Citics and counties main
tain fund balance accounts to
pay for government operations
during the months between lax
billings and tax collections.
"While (the current fund bal
ance) appears to be adequate to
support current operations, your
government could experience
cash flow problems if unantici
pated expenditures arise or if a
significant reduction in the tax
base occurs," the commission
(Continued On Hack Page)
Five To State Finals
The Polk County Wrestling
team was well represented this
past weekend at the State Finals
held at the Greensboro Coli
seum with Polk placing 14th
out of several 1A and 2A
schools participating.
Ricky Miller, 112 lb. wt., fin
ished 2nd overall; Keith Painter,
heavyweight, finished Sth and
Eric Waddell, 171 lb., finished
7th.
Joey Couch represented Polk
in the 103 lb. and Mark Schul
man in the 130 lb.
Larry Foster is the coach.
Everette Lutz
Everette Lutz, 77, of 1015
Carpenter's Grove Church Rd ,
Belwood, N.C., died Feb. 26 at
his home.
Mr. Lutz, was the husband of
N.C. Representative Edith L
Lutz. Also surviving are one
son, Jacob (Jake) Lutz of
Lawndale, N.C.; two brothers,
Marvin L. Lutz II and William
(Bill) Lutz, both of Lawndale;
three grandchildren.
Services will be held today
(Thursday) at 2 p.m. at the
Kadesh United Methodist
Church with masonic rites
Burial will be in the Carpenter's
Grove Baptist Church Ceme
tery The Revs. Joe McMurry
and Keys Pendleton will offici
ate.
Memorials may be made to
the American Hear! Associa
tion Box 2391, Shelby NC
28151.
Lutz-Austell Funeral Home is
in charge of arrangements