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By MARDELL GRIFFIN
Chronicle Staff Writer
Two years ago, Golden Slate
Mutual Insurance Co. announced
plans to sell an East Winston landmark,
the Winston Mutual building
at 1225 East Fifth St., after acquiring
the property in a merger with
Winston Mutual Life Insurance Co.
Community residents, however,
persuaded the building's new
owner to stay in the former headquarters
of the second largest
African-American-owned insur.
ance company in North Carolina.
On Sunday afternoon, Golden
State will hold an open house for
the public to see their newly Teno
vated third floor offices in the neart_
?ly~2(Kyear-old- stone-and beige
yorick structure.
A reception is included for the
community to meet GSM's new
district manager, Eddie I. Stanton.
And Chairman of the Board and
Chief Executive Office of GSM,
Ivan J. Houston of Los Angeles,
will be on hand to help celebrate.
"We are inviting the public in to see
their building and let them decide
what we. have to offer," Stanton
said.
; Stanton, who was born in
Birmingham, Ala., moved to Win: ston-^alem
this past April after 34
years in Detroit. He joined GSM in
1969 as an agent and worked his
way into supervision. Now, as dis__
Yes, you can
^ t' . ?
By NITA H. HIGGINBOTHAM
Home Economics Extension Agent
I
For many, the personal cash,
crunch is worsening, but for those
who are trying to squeeze more
money out of the same old paycheck
here are a few suggestions.
Check the interest rate on your
credit card and switch to a lower
rate. There is a savings for persons
who carry a hefty monthly balance.
For a listing of banks offering lowinterest
cards, send $1.50 in check
or money order to Bankcard Holders
of America, 333 Pennsylvania
Ave., S.E., Washington, D.C.
20003.
Switch from a regular checkj
; ACI named agency
Advertising Communications
Incorporated has been named
agency of record for Mechanics &
4 Farmers Bank, a statewide full-service
bank based in Durham and
with additional offices in WinstonSalem,
Raleigh and Charlotte.
Advertising Communications, also
located in Durham, will provide
complete advertising services for
the bank including design, copywriting,
market research, and media
planning and placement
a*
The United States Equal
Employment Opportunity Commis
-...
sion ruea a race discrimination
lawsuit against Devoc & Raynolds
Company, A Division of Grow
Group, Inc., of Charlotte* The lawsuit
was filed in the United States
District Court for the Western District
of North Carolina, Charlotte
House Speaker Jim
The Speaker of the House of
Representatives, Jim Wright, has
announced to Members of the United
States House of Representatives
the formation of a Task Force on
Minority Set-Asides. The Speaker
named Congressman Mervyn M.
Dymally (D-CA) as chair of the
f
^ *
Bntei
mmm
te Mutual: E
irict manager, his duties include
overseeing tne regional operation,
training managers and agents and
acting as liaison between the company
and the community.
"I'm here to make sure everybody
grows ? policy holders.
^ ^ *JSm
Eddie I. Stanton: "I'm here to mak
holders, agents and the company i
agents and the company itself," he
said.
Until their recent move
upstairs, the company operated out
of the basement. The remodeled
offices sport fresh paint, wall paper
and paneling, all designed to coordinate
with sea-green carpeting.
Rooms were repartiiioned to facilitate
maximum use of space. And
get more moi
ing account to an interest bearing
account and earn interest on your
money longer by paying the bills
closer to the due date.
Take advantage of direct
deposit (if your employee offers
this service) and save the cost of a
trip to the bank which makes the
funds available to you on payday to
earn interest or as you need it
Look for hidden costs with
your account such as a charge for
use of the ATM (automatic-teller
machine). Ask about free checking
for some banks offer it to direct .
deposit customers.
Consider joining a credit union
which is a not-for-profit operation
that pays a higher interest rate on
of record for Mecha
Division. The suit alleges that since
at least September 1, 1984, Devoe
& Raynolds has engaged in unlawful
employment practices at its
Charlotte facility in violation of
Title VII of the Civil Rights Act of
1964. The practices include subjecting
an African-American
employee to racial slurs, unequal
and racially discriminatory terms
and conditions of employment and
discharge.
Garland Jones, senior partner
in A-Quality Realty Co. at 928
Burke St., has registered to attend
the National Association of Real
Estate Brokers Inc. 40th Annual
Realtist Convention from August
21-28 at the Marriott Downtown
Hotel in Chicago, Illinois. The
theme of the conference is,
fright announces tasl
ask force and the following Mem- ;
>ers of Congress: Representatives
ohn Conyers (D-MI), Norman i
tfineta (D-CA), Pat Schroeder (D- ]
:0), and Esteban Torres (D-CA). ]
rhe Republican Members are: Rep- (
esentatives Claudine Schneider !
R-RI), Manuel Lujan, Jr.. (R-NM),
rprise
m
tunaing for t
even the light fixtures were
replaced during the renovation.
"Our expectation is to revamp the
inside this year and work with the
exterior next year," he said.
Other, offices in the structure
have been redone, and the.base m
' ' i Ufe* m
M
I r?-HHBH *
SflK ^
? ^_ JS^M _
igs ? # ?
Bk Ay. |H|
;e sure everybody grows -- policy
tseir (photo by James Parker).
ment is scheduled for an overhaul
as soon as a tenant is found for the
space. "We hope that it (the renovation)
will make the community
proud of the business and its concern
for the community," Stanton
said.
The facilities include a second
floor assembly room that is available
for public use and includes a
ney from youi
savings and offers better loan terms 1
to local members than some banks. 1
Many now offer checking accounts,
home-equity loans, a signature loan
service, a discount brokerage scruirn
an/4 rl? *%/% ~ -1 * A
ivv cuivi vjul/vk pujCIICCK UCpUSlt. 1
Invest small sums regularly into
the product of your choice.
Often called "dollar-cost averaging"
you contribute a set amount each
month no matter where the market
is heading so when the price is low
your payment buys more shares and
less when the price is high. Many
no-load mutual funds require low
minimum investments so it's easy to
begin a long term investment strategy
using the fixed monthly amount
This method works best when you
inics & Farmers
"Realtists Renaissance...Quest for
Excellence."
The National Association of
Real EstateJSrokers is a trade organization
for African-American realtors.
And over 500 African-American
delegates nationwide are predicted
to attend the convention. The
group is expected to grapple with a
host of dynamic issues that impact
all real estate brokers in general and
African-American realtists in particular,
including FHA Direct
Endorsement, and the Realtists*
concern over the FHA's five percent
limitation of sellers' participation in
closing costs.
This 40th annual meeting is
being coordinated through the
Rcaltist National Office. For more
information, Contact Joan C. Montgomery,
Convention Director, at
202-289-6655.
< force's formation
rnd Clyde Holloway (R-LA).
There are now five set-asides
in operation: Department of
Defense; Department of Transportation;
Department of State
[Anti-Terrorism and Diplomatic
Security); Environmental ProtecPlease
see page B7
he future
small kitchen and rcstrooms. "I
don't feel like there will be a
charge," he said when asked the
cost of renting the room that would
"comfortably hold around 100 people."
Office space is available for
rent on all but the third floor of the
Winston Mutual building. Model
Pharmacy and a doctor are located
on the first floor. And several attorneys
have rented space on upper
floors.
"We hope to lure more business
to 1225 Fifth St. and bring
more money into the East Winston
community," Stanton said about his
company's efforts to restore the
well known office complex and
gain a good location for directing
their expanding operations^
Amona Africon.
* m m mm V ^ 4 1 A I 1 V U I I /"I III VI 1 Villi
owned insurance companies in the
nation, the California based GSM is
the second largest in insurance in
force with policies written for over
$5 billion and is the third largest in
assets with holdings worth over
$116 million, Stanton said.
The local office serves an area
roughly bounded by Mcbane on the
east, Statesville to the west, Rural
Hall on the north and Lexington to
the south. Other North Carolina
GSM regional offices are in Rocky
Mount, Raleigh and Charlotte, all
Please see page B7
'paycheck
build the amount into your monthly
budget.
For more information about
financial management contact the
N.C.S.U. Agricultural Extension
Office's Money Management Center
at 767-8213.
* Got
a hot sports
story?
Call Randy Pettitt,
sports editor
at 723-8448 1
The selection of this agent is t
performance in service and s<
Mutual Life policyowners in the
- communities.
GOLDEN STATE MUTUALLfl
WINSTON MUT
Continuing to serve a
i
t
724-7353 JjfjjW I
Get started on a career that ThL I
Miller-Motte Business College . I
647 West 5th Street I
Winston-Salem, NC 27101 I
Across from the library > I
=FORSYTH HYUNDAI I I
Offers Cars That Make Sense! I
Buy *5420 & License I
For" " I
Only $8737 I
Per Month I
Selling Price $5420. 25% down. 60 months at 10.5 APR. Total ofpeymenys
$5242.20. On approved credit. Tax and lioense not included.
Quantities are limited on theee high demand autocnobilee. N the particular oar adwortieed a odd . I
before you get here, we wit order another one for you at the tame price.
FORSYTH rHYunPgjTi
HYUNDAI I
425 Corporation Parkway I
Winston-Salem, NC (919) 723-3524
NCL 12196
^S:y^SV9??wK?: :^xv:^^BoKH?Sc??8K^fl- > -x SPHMI^HKB
lv/lv'..,>/ly>!lvXyX;l;!;XvX,);5X;lyX;!^A'^/^^j^{||i^$yjjCv^WWPCWKW^^^!^^^ ~~
: Congratulations
! / &_ PETER SMITH , ?
t4 Golden State's
Agent For July
B Peter Smith has been with Golden State
I Mutual Life Insurance Company for 20 years
H because he enjoys working with people.
I "I feel like we have rendered a service that
B1** speaks for itself. We've done things that only
an insurance company can do. We pride
I ourselves in the fact that we are there when
I people need us
Peter is married to Rosetta H. Smith and
they have 3 children, Laura Scales, Gary
and Donald. They live in Eden, N.C. Peter
works in the Reidsvilte and Eden areas.
)ased on outstanding
lies to Golden State "I couldn't ask for anything better than . Reidsville
and Eden GoldGn ,State- K'8 a great place to work and
very well-managed."
fc
r Winston-Salem,
_ ? North Carolina
:E INSURANCE COMPANY 0n
UAL REGION Z'1U1
ill of Winston-Salem 723-0546
, . fi