Review Of • State, National And World News During The Past Week
»SERVICEMEN KILLED
N ARIZ. BUS ACCIDENT
Kingman, Ariz. — Twenty-five
aviation cadets, a gunnery in
structor and their bus driver, an
army private, were Wiled Friday
night in a collision of an army
bus and a fast Santa Fe freight—
the worst crash in Arizona his
tory.
In addition to the 27 dead,
Kingman army air field officers
reported that eight other cadets
were critically injured and that
none of the 36 servicemen aboard
the bus escaped injury.
The collision came at 9 p. m„
near the entrance of the field as
the bus was returning the young
fliers to the base from a gunnery
range across the railroad tracks
after a night gunnery mission.
SET PROFIT LIMIT
ON WAR CONTRACTS
Washington — The White
House, laying down principles
for termination of fixed-price
war supply contracts, has fixed
6 per cent as a maximum profit
which will be allowed on con
tract work begun but incomplete,
and ruled that expense of con
version of facilities will be ex
ied in calculating the con
ar’s cost.
le principles, first important
move to establish definite proce
dure for ending war contracts,
were incorporated in a directive
from War Mobilization Director
James F. Byrnes to all procure
ment agencies. They took the
form of (1) a uniform contract
cancellation clause and (2) a
’’statement of principles.”
GERMANS WARNED THAT
END OF WAR IS NEAR
London — The R. A. F. is drop
ping leaflets warnling the Ger
mans that the world is mobilized
against them and that “the time
is exactly a quarter to twelve,”
The Daily Mail said in a dis
patch from Stockholm.
Some of the leaflets accidental
ly fell in Sweden during the
Wednesday night raid on Stettin
and the dispatch reported they
said in part: ,
“At exactly a quarter to twelve
world mobilization against Ger
many for the second time faces
ruin. Shall the Germans' escape
at the last minute before mid
night? Time is short. The time
Inexactly a quarter to twelve.”
Buy War Bonds lor Victory—
the ideal gift
Legion Backing Broad Bill
To Help Veterans Of War
Washington — The American
Legion with some strong con
gressional support have pul
forth a broad legislative pro
gram intended to assure the vet
erans of World War II sufficient
Federal financial aid to bridge
the gap between military and
civilian life.
Called “A Bill of Rights for G
I. Joe and G, I. Jane,” the legis
lation introduced Monday provid
ed for demobilization pay up to
$500, double unemployment com
pensation, Federal help in pur
chase of homes, Government-fi
nanced education and designa
tion of the Veterans Bureau as
the top agency to provide ade
quately for servicemen.
Chairman Rankin (D-Miss) ol
the House Veterans Legislation
Committee, declared the bill’s
first objective is “to remedy cha
otic conditions of bureaucratic
red tape under which divided
authority and responsibility has
victimized thousands of already
discharged veterans of this war."
The legislation for which the
Legion pledged “a vigorous cam
paign,” calls for:
1. Demobilization pay of $50C
to veterans serving 18 months oi
more; $400 for 12 to 18 months:
$200 for three to six months, and
$100 for lees than three months
2. Designation of the Veterans
Bureau as a “vital war agency’
with priorities for materials and
equipment second only to the
War and Navy Departments foi
a hospital construction.
3. Unemployment compensa
tion credit double the amounl
veterans would have received ir
civilian work through the period
of military service.
4. Payment of Federal aid tc
States planning to lend veterans
home building funds at low in
terest rates.
5. Education allowances of $5(
monthly to single veterans anc
$75 to married servicemen plus
all educational expenses in es
tablished colleges and universi
ties up to four years.
6. “Adequate provision” by th<
Veteran’s Bureau for the physi
cal welfare and financial aid o:
all wounded, diseased or other
wise handicapped veterans be
fore discharge from service.
These points, said Rankin, “pre
sent the minimum of the jusi
dues owed to the men and wo
MRS. H. HOOVER WAS
BURIED ON MONDAY
New York — The funeral of
Mrs. Herbert Hoover, wife of the
former President, in St. Barthol
omew’s Church, was held here at
11 a. m. Monday.
She died of a heart attack Fri
day night in her Waldorf-Astoria
suite at the age of 68.
Herbert Jr., and Allan, the
Hoover’s sons, arrived Sunday
from the west coast. Burial was
at Palo Alto, Calif.
Mr. Hoover was with his wife
Friday night when she was
stricken.
CHICAGO IS PLANNING
FOR REPUBLICAN MEET
Chicago — The Chicago Citi
zens’ Committee announced that
it will submit a formal invitation
accompanied by a $75,000 pledge
to the Republican National Com
mittee for the 1944 convention.
Silas H. Strawn, committee
chairman, said a similar bid will
be made to the Democrats when
the party’s national committee
men gather in Washington, Jan
uary 22.
Strawn said the citizens’ com
mittee, a bi-partisan group com
posed of Chicago business and
political leaders, completed ar
rangements to extend the invita
tions this week.
ROBERT TAYLOR GETS
WINGS IN NEW ORLEANS
New Orleans — Lieut, (jg)
Robert Taylor, on wartime leave
from the screen, has received his
wings and an instructor’s certi
ficate as a member of a class of
primary flight instructors gradu
ating from the naval air station
here.
Commander R. E. Gillespie,
station commanding officer,
praised the actor, saying: “Lieut.
Taylor finished his, training with
one of the best records among
the graduates.”
Lieut. Taylor’s wife, Cinema
Actress Barbara Stanwick, was
i prevented by illness from attend
ing the graduation but wired con
, gratulations.
men of the armed forces for their
services in the preservation oi
the nation in World War II.
RATION FREE!
Released by OPA
Women’s Shoes
15% of stock of September 30
inventory
$3.00
and under.
From January 17
Through January 29
The Office of Price Administration has permitted us fa release
RATION FREE, 15% of our stock of women’s shoes to be sold at $3.01
and under. Here is your opportunity to buy that pair of shoes yam
have been wanting, ladies — and without a ration stamp! Come in
and select your pair of shoes early. And while you’re in our store, wc
invite you to look over our stock of rationed shoes. Just, the thing for
every member of the family.
Sparta, “The Place For Bargains” N. Carolina
The Northwestern Bank
Sparta, North Carolina
North Wilkesboro, Jefferson, Boone, Blowing Rock, Taylorsville, Valdese, Burnsville, Black Mountain, Spruce Pine, Bakersville.
* Statement of Condition December 31, 1943
RESOURCES
Cash and Due From Banks_
Bonds, Stocks and Accrued
Interest _____ _
Loans ________
II Banking Houses, Furniture
and Fixtures, Less Depreciation
■ Other Real Estates _ _ _ _
Other Assets ______
$3,978,493.17
6,348,851.62
3,784,120.94
90,810.11
4,325.64
, 953.41
Total
$14,207,554.89
LIABILITIES
Capital Stock (Common) _ _ $ 280,000.00
Surplus _______ 220,000.00
Undivided Profits _ _ _ _ 244,215.86
Reserve For Contingencies _ 7,500.00
Reserve for Interest Due Depos
itors, Taxes, Etc. _ _ _ _ 65,208.54
Deposits of Dealers as Guarantee
For Loans _____ 10,43437
Other Liabilities ___ ^ 4,408.17
DEPOSITS_ 13,375,787.95
Total __1_$14*207,554*89
& A. DOUGHTON, PRESIDENT
EDWIN DUNCAN* EXECUTIVE VICE-PRES.
ALTON THOMPSON, CASHIER
si
Member Federal Deposit Insurance Corporation
_
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