Newspapers / Forest City Courier (Forest … / Sept. 4, 1930, edition 1 / Page 12
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SECTION TWO—: Comparative Statement FOREST CITY, N. C. WATER AND LIGHT DEPARTMENT UNDER CITY OWNERSHIP REVENUES: From Water Sales, actual collections 661.93 From Electricity Sales, actual collections "i '«4O 00 Power for pumping water (est. @2c per KWH) 1,840.00 ... .$50,550.22 Total Revenue DISBURSEMENTS: Actual Cash disbursements: Electric Department g 065.61 $33,244.29 Water Department °' V| ' Other Expenses: . fi 0 60 70 ■ Depreciation @ 3 percent on —. .$212,024.03 6,3 . Interest on $301,100.00 (Water, Light 17 408 50 and Sewer Bonds) ' Retiring Bonds, based on retiring , • 333.33 bonds in 30 years ' , $67,846.84 Total Disbursements Deficit The item for depreciation does not show in the present tax •!» »»"''» be r *' Kd " y " X " ,0 u'0.5.35» tal deficit less depreciation, or * To raise this amount, a tax rate of $0.22 per SIOO.OO is re quired. FOREST CITY, N. C. WATER AND LIGHT DEPARTMENT UNDER PRIVATE OWNERSHIP „ . $415,000.00 Bonds 8 outstanding, to "be retired (Water, Li S ht and Sewer) . 301,10U.U» Amount left after retiring bonds 113,900.00 REVENUE: Interest @ 6 percent on $113,900.00 —--- ? 6,834.00 Taxes to be paid under private ownership based on assessed valuation of 40 percent and Cit\ tax rate of $1.35 per SIOO.OO „ 1,144.90 Total Revenue $ 7,978.93 DISBURSEMENTS: (For City Services) Hvdrants 104 @ $40.00 $4,160.00 Flush Tanks 11 @ 20.00 600 CP Whiteway lights —. 30 @ 65.00 1,950.00 200 CP Street lights 80 @ 35.00 ?'592'9!! 100 CP Street lights 87 @ 22.50 1,957.50 Total - $11,087.50 To be raised by taxes $ 3,108.57 Tax rate per SIOO.OO required to raise the above amount, based on $5,000,000.00 assessed valuation 6.2 c The tax rate could be reduced 22c —6.2 c, or 15.8 c. and leave the $113,900.00 in the bank. 0 Prepared by CAROLINA ENGINEERING COMPANY By G. H. Fisher, Forest City Engineer. 917 Johnston Bldg., Charlotte, N. C. "• O . . t ; v. V • - j/ , J ' IC ' i bOMi-PA I . MONITOR TOP semes youmon^^ijJP Before you BUY—know There's not a family which can't afford a General Electric very day. it is true economy to own one. By saving your A■ food, it cuts expense. By keeping milk from |Bi t ■ ' souring, by freezing desserts—and making ice and eliminating spoilage, it cuts ' I And the General Electric has the Monitor Top! It runs your Refrigerator at a cost of \f li \ but a few cents a day! y/\ I \( Come in. We have a surprisingly easy pay- JJfJ U ment plan we'd like to tell you about. lr\g GENERAL ® ELECTRIC REFRIGERATOR Electric Water Coolers *, Commercial Refrigerator# •. Electric Milk Coolers Electric Appliance Co. Forest City, N. C. - SOUTHERN REFRIGERATION COJ Charlotte Distributors PAGE FOUR THE FOREST CITY COURIER, THURSDAY. SEPTEMBER 4, 1930. COUNTY EXPENSES FOR NEXT YEAR Cost of Operating County Gov ernment July 1, 1930-June 30, 1931, Given. Rutherfordton, Sept. I.—The op erating expenses of Rutherford county are $76,461.00. This includes officers' salarieis, jail fees, court costs, listing and assessing taxes, and other expenses. The county home, outside poor and Rutherford hospital gets annually $16,435.^)0. The commissioners recently ap propriated the following amounts for the county general fund, to pay expenses until June 30, 1931: Board of County Commis sioners $ 3,635.00 Court House and Grounds 3,145.00 Sheriff's Office 80.00 Treasurer's Office —--- 1,830.00 Register of Deed's Office 4,442.50 Clerk of Court Office 3,770.00 County Auditor's Office .. 3,027.50 County Physician 3,500.00 Welfare Officer 1,600.00 Coroner 130.00 County Jail 6,911.00 Listing and Assessing Taxes T 11,840.00 Farm and Home Demon strators 3,450.00 j Vital Statistics 650.00 j Judiciary Department 11,450.00) Miscellaneous Expenses _. 17,000.00 j Total for current fiscal year . $76,461.00 The following amounts were ap propriated out of the Poor Fund for the county home, mothers' aid, etc: County Home $ 9,535.00 Mothers' Aid 1,500.00 Outside Poor 3,600.00 Rutherford Hospital 1,800.00 Total $16,435.00 In addition to the above, there has been appropriated, out of the Road and Bridge fund, SBO,OOO for the maintenance of roads and bridges, including expenses of the chaingang. For the fiscal year ending June 30, 1931, there has been appropriat ed out of the general county debt service, other than schools, the fol lowing : Payment of Bond Princi pal ..$ 66,500.00 Payment of Bond In terest 99,728.75 Payment of Commis sions 250.00 Interest on Temporary Loans 9,000.00 Total $175,478.75 Add: Deficit at June 30, 1930 5,271.49 Total Appropriation ..$180,750.24 For the fiscal year ending June 30, 1931 there has been appropriat ed out of the county-wide six months school fund the following: Current Expense Fund ..$293,424.20 Add: Deficit Current Expense Fund, June 30, 1930 89,669.41 Total Current Expense . $383,093.61 Capital Outlay Fund .... 11,000.00 School Debt Service oth er than Special School Districts 53,717.51 Plus Deficit in School Debt Service Fund at June 30, 1930 8,231.88 Total --$ 61.949.39 In addition to the above tax lev ies were made to take up $6,470.14 for payment of bond principal, in terest and commission of the Char lotte-Asheville highway debt service fund. This levy is on the townships through which the Charlotte-Ashe ville highway passes. High Shoals and Colfax townships each have a special road bonds ser vice debt fund. A total of $974.03 [YOU HAVE A DOCTOR'S 5 WORD FOR THIS LAXATIVE j In 1875, an earnest young man began to practice medicine. As a family doctor, he saw the harm in harsh purgatives for constipation and began to search for something harm less to the sensitive bowels. Out of his experience was born a famous prescription. He wrote it thousands of times. It proved an ideal laxative for old and young. As people saw how marvelously the most slug gish bowels are started and bad breath, he?daches, feverishness, nausea, gas, poor appetite, and such disorders, are relieved by the prescrip tion, it became necessary to put it up ready for use. Today, Dr. Caldwell's Syrup Pepsin, as it is called, is the world's most popular laxative. It never varies from Dr. Caldwell's original effective and harmless formula. All drugstores have it. will be collected in High Shoals for sinking fund installments and bond interest and commission. A total of $1,623.38 will be collected in Col fax for the same purpose. There are special school tax lev ies in most of the school districts, the amounts of which have been pre viously published in The Courier. Hoover Policies Hit By Shouse Washington, Aug. 25.—An indi cation of the campaign mapped out by the Democrats for the fall elec tions was given tonight in an attack bv Jouett Shouse on President Hoov er and the Republican party in which the tariff bill, farm relief and business depression were dwelt upon. The address was broadcast over the national system and in it, Shouise, chairman of the Democrat lic executive committee maintained the tariff bill was bad and revived ! the contention of his party that the | President snared in the re*ponsibili j ty. He said some administration sup porters had contended the President should not be blamed for the bill. "I can think of nothing Demo crats have said so derogatory of the president's intelligence and cour age as this apology from his own party," he said. "It implies either that he had no opinions of his own or that he was so deficient in leader ship that he permitted his congres sional leaders to override him." The Democratic chairman said t) e price of farm products had steadily declined since the passage of the farm relief act and that the agriculture secretary and farm board chairman had united in de clarations to the farmers that they must reduce production. Mr. Hoover in speeches during the 1928 campaign, Shouse said, dwelt upon the prosperity in two prior Republicans administrations and gave assurance of the contin uance of prosperity if he were elected. "And yet," he continued, "with in nine months after Mr. Hoover became President, we witnessed the amazing spectacle of soup kitchens and bread lines ir prac tically every great city of thi: country, and a degree of unem ployment and of distress that has not been known for more than 30 years." He said he did not blame the President for all the causes of the ' Hoover panic" but added if the Republican party claimed credit for. the prosperity of the previous years "then it must in justice as sume responsibility for the condi tions that now prevail." Mr. Hoover uttered no word of warning against speculation while he was secretary of commerce oi President-elect, Shouse said. Aftei the crash, he added, the President "did perhaps all any man could do try to effect an adjustment of con ditions," but "history is apt to re cord that 'he locked the barn dooi after the horse was stolen, ". RESOLUTION OF RESPECT, "For all of us the Grim Reaper remains at once life's keenest trag-j I edy and insolouble mystery. Our heart's deepest sympathy quickly reaches out to console those whose lives have been saddened by the loss of a loved one, and oft we con template such a bereavement with wonder and questioning. Especially is this true where a life has moved on into the Great Beyond at the peak of its usefulness. "We were moved beyond expres sion when recently we were apprised of the sudden passing on of our be loved friend and co-laborer, Fred E. Webb. In home and church and busi ness and in those other important duties which are cast upon the best and most whole-hearted of us, Fred E. Webb was ever the same lovable spirit and champion of right. In every sphere of life in which he moved, he left his guiding influence of matchless charm, of unswerving geniality and of peerless masterful ness. "Though only at the age when men generally hope to be on the threshold of success, Fred E. Webb had already lived a life that had been marked by achievements and suc cess. In all the projects that looked to a more healthy and wholesome place in which to live he was a tire less leader. He was a friend to ali people and anxious to lend a help ing hand to those in trouble or in need, but God in his all wise wisdom called our beloved member of the Board of Aldermen, to the Great Beyond, and we most humbly bow to the wish and desire of cur Creater, even though in his passing, the Board of Aldermen and the Town of Forest City lost a most worthy member and citizen, and we therefore extend our heartfelt sym pathy to that dear wife and to those lovely children and his mother and for ourselves we find consolation ir ihe knowledge that Heaven is being populated with souls like that of Fred E. Webb. V. T. DAVIS, W. E. MOORE, H. F. LITTLE, JR. W.L.HORN. G. B. HARRILL. The Board of Aldermen moves that resolutions of resnect of our beloved member. Fred E. Webb, be adopted by the Board of Aldermen, and that the resolutions be record ed *"d a copy of same he published in The Forest Citv Courier, and a copy of same be sent it? family of the deceased^ the 14th day of August. 1930. :-«*• i Water systems and hydraulic lams, Farmers Hardware Co. SCHOOL TRUSTEES ! NAMED IN ACTION; Mars Hill College And For est City Churches Are Defendants. An action to divest trustees of Mars Hill college of the title to real j estate situated in St. Petersburg, Florida, valued at $375,000 was j started Thursday in Chancery court j of Florida. John W. Bolton, trustee, is plain tiff in the action seeking clear title i to an office building in Jacksonville which the late J. F. Alexander of j Rutherford county bequeathed the college and other institutions. Failure of the defendants to pay t municipal taxes on the property or J to pay interest or principal on bonds j against the property forms the basis I of the action. The Rev. J. B. Grice, pastor of the' Calvary Baptist church of Asheville j is chairman of the board of trustees ; of the Baptist school. C. B. Mash- i burn of Marshall is attorney for the! board of trustees. | Bolton alleges in his complaint, that the late J. F. Alexander, capitalist of Rutherford county, left j the property in his last will and . testament to the Mars Hill school: and Forest City churches. On behalf , of the bondholders Bolton seeks to have the title cleared. j Mashburn is expected to file an' answer to the complaint within the » next few days. j Our extra slice of pie for this! week is awarded to the advertiser who says, "I don't believe in free publicity." Charlotte s DOLLAR DAY Thursday, Sep. 11th Shop in Charlotte! This year Efird's Department Store, Charlotte, N. C.. 1b offering greater values than ever before More for your dollar, because we are interested in saving money for you our customers. Our buyers have spent weeks selecting thousands of dol lars worth of new Pall merchandise to be featured at a savings of thousands of dollars. THIS IS EFIRD'S GREATEST DOLLAR SAVINGS EVENT OF THE YEAR! This store offers you all the conveniences of a modem hotel free of charge. Make this store your headquarters All day tea room and soda fountain service downstairs Special 50c lunch 11:30 to 2:30. sth floor. If you can't I We WV aU shop in per- ■ JA**• r,:sa,J ,)rder son order by - f fft/f delivery mail. /^OEPABXl 1^1 chtrgw. I All Wrought Up Over Nothing Didn't sleep last night; too much work; the chil dren are fretful; the Boss is cranky; Mrs. DeVero didn't invite you to her party. Ordinarily you don't mind any of these things, tat today they are simply unbearable. You are nervous, that's why. M Bid you ever try Dr. Miles' Nervine? p| Just two teaspoonfuls in a half glass of Jpl water will quiet your over-taxed nerves dMgk and bring x°u a feeling of calm and peace. |3g|l Dr. Mfles* Nervine is now made in WImS two forma—Liquid and Effervescent -~,„yv frfvNrl* MgL M are the same thera- iP IB r Af all Drug Stores. G. M. Huntley Son f v . |S Funeral Directors ". W 1 Licensed Embalmer. £ Free Ambulance Service. i I DAY OR NIGHT, PHONES 292 AND 95. WEST MAIN STREET. FOREST CITY, N. C. | W J HEN y° u start at sad. den noises, worry 0 v» trifles, can't bear the noi S9 that children make, irritable and blue—ten to one it's your nerves. Don't wait until your over wrought nerves have kept v o q awake half the night and the way for another miserable day. Take two teaspoonfula of Dr. Miles' Nervine and enjoy the relief that follows. Take tvo more before you go to bed. Sleep —and wake up ready for the days' duties or pleasures. Dr. Miles' Nervine is now made in two forms— Liquid and Effervescent Tablet.
Forest City Courier (Forest City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 4, 1930, edition 1
12
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