PAGE TWO
No. 1 Pro Golfer
A. smiling close-up of Paul Runyan, White Plains, N. Y., golfer, with the
lup he won after defeating Sam Snead at Shawnee-on-the-Delaware, is
shown above. He beat Snead 8 and 7 to win the Professional Golfers
'Association championship. Five up at the first 18 holes, Runyan increased
his margin in the last 18. (Central Press)
STAR WEEPS AT LENGLEN RITES
Jean Borotra
.. . one great tennis star pays tribute to another
With head bowed and eyes filled with tears, Jean Borotra, famous
French tennis player, stands amid friends and relatives of Susan
Lenglen in final tribute to the woman who once was known as the
world’s greatest woman tennis player, during burial services at Paris.
Split Among Democrats
Not Sufficient To Lose
Forthcoming Elections
(Continued from Page One.)
such jowering between Republicans
as between Democrats.
New Dealers Strong.
The predominant Democratic wing’s
strength ig that"'it’ has scored such
overwhelming victories since 1932 as
to be supremely confident. There is
EU( jh, a- thing as being over-confident,
"Weds Mrs. Crater
w#
MBXS&StEP
Carl Kunz, 47, electrical engineer, is
Tevealed as the new husband of Mrs.'
Stella Crater, widow of Supreme
‘Court Justice Joseph Force Crater,
of New York, who disappeared eight
years ago. The marriage was re
yealed when Kunz appeared in
Homicide Court, New York City, as
defendant in an auto accident in
Which two of his friends were killed.
He himself was badly injured, as
the cast shows.
(Central Press)
but the New Deal does not appear to
be over-confident enough to be beat
en. It may lose a few congressional
seats, which will disconcert it a bit,
but that is all, in all likelihood.
On the opposite hand, the Repub
licans arc so smacked down that
their morale is shattered.
In short, the Democrats can split,
and their major wing still will out
class united Republicanism plus such
seceding Democrats as it may scoop
in. Such, at least, are the indications.
Two Forces.
The fact is, we no longer have a
Democratic and a Republican party,
in the old : mse.
We have New Dealers, and, rela
tively, conservatives.
Our conservatives are not as con
servative as conservatives used to be
—an item to be taken into considera
tion.
Nearly the whole of the prunes of
commerce come from France.
In Mattson Hoax
Frank Olson, farm laborer, who
confessed to Tacoma, Wash., polico
that he was the kidnap-murderer of
30-year-old Charles Mattson, is pic
tured above. Investigation revealed
that Olson was in a state insane
asylum at the time of the crime.
HENDERSON, (N. C.) DAILY DISPATCH TUESDAY, JULY 19, 1938
ASSETS
BANK BALANCES:
General Fund $ 3,119.90
Elmwood Cemetery 307.56
Debt Service Fund k 624.34
Water Bond Fund 187.38
Advance Payments, 1938 Taxes 4,908.02 ..
$ 9,147.20
UNCOLLECTED TAXES:
Prior Years 8,523.11
Taxes, 1937 14,699.00
23,222.11
ACCRUED INTEREST STREET ASSESSMENT 150.00
WATER DEPT.—OPERATING ACCOUNT 9,943.74
TOTAL ASSETS—MISCELLANEOUS FUNDS 42,463.05
CAPITAL ASSETS:
Uncollected Street Assessments .... 1,714.73
Properties and Improvements 1,320,276.78
TOTAL 1,364,454.56
Statement of Receipts and Disbursements, General Fund
12 Months Ended June 30,1938
RECEIPTS
GENERAL TAXES $66,173*60
OTHER TAXES, LICENSES AND PERMITS 9,003.36
MUNICIPAL COURT COISTS 4,625.02
ELMWOOD CEMETERY 1,479.54
OTHER INCOME 3,538.41
TOTAL INCOME *. 84,819.95
BORROWED MONEY 7,000.00
TRANSFER FROM DEBT SERVICE FUND 1,482.96
TOTAL RECEIPTS 93,302,91
BANK OVERDRAFT JUNE 30, 1937 1,560.78
TOTAL , $91,742.13
Statement of Receip and Disbursements, Miscellaneous Fund
12 Months Ended June 30,1938
RECEIPTS
TAXES $ 48,942.98
EARNINGS WATER DEPARTMENT 23,940.0 C
RENT—MUNICIPAL BUILDING 1,200.00
STREET ASSESSMENTS 349.26
INTEREST (Street Assessments) 92.83
BONDS SOLD 42,000.00
* TOTAL INCOME 116,525.07
gr* * f
TOTAL RECEIPTS 116,525.07
BANK BALANCES JULY 1, 1937 2,648.97
TOTAL ' $119,174.04
CERTIFICATE
We have examined the books and records of the City of Henderson, North Carolina, covering the period of 12 months ending June 30, 1938,
and have prepared a detailed audit report which we have submitted to the City officials. The above statements are taken from our reports as fol
lows: Balance Sheet of Funds Account and Capital Assets and Liabilities as at June 30, 1938, and condensed statement of Receipts and Disburse
ments of General Fund and also other miscellaneous Funds, all of which in our opinion, are so arranged as to exhibit a correct view of the Finan
cial condition of the City of Henderson at June 30, 1938 as well as the results of operations for the 13th month. Our examination, which was in
detail, disclosed no evidence of any irregularities and we found the books and records exceptionally well kept.
Respectfully Submitted,
WALTER CHARNLEY & COMPANY.
Certified Public Accountants.
By Walter Charnley, C. P. A.
CITY OF HENDERSON, N. C.
Consolidated Balance Sheet, June 30, 1938
LIABILITIES
NOTES PAYABLE $ 7,000.00
ACCRUALS AND RESERVES:
Interest on Bonds $ 2,099.35
Advance Payment, 1938 Taxes 4,908.02
Reserve for Nulla Bona Taxes 6,317.95
SURPLUS MISCELLANEOUS FUND 22,137 73
TOTAL LIABILITIES—SURPLUS MISC. FUNDS 42,463.05
CAPITAL LIABILITIES AND SURPLUS:
Bonded Indebtness 734,000.00
Reserve for Depreciation, Water Plant 61,949.22
Reserve for Street Assessments 1,714.73
Capital Surplus 524,327.56
• „
TOTAL $1,364,454.56
DISBURSEMENTS
GENERAL TAXES ' $ 872.23
FIRE DEPARTMENT 10,226.58
POLICE DEPARTMENT 14,547.74
HEALTH DEPARTMENT 877.50
PUBLIC BUILDINGS 1,861.30
STREET DEPARTMENT 40,040.45
SPECIAL APPROPRIATIONS 5,287.18
ELMWOOD CEMETERY 1,782 03
ADMINISTRATIVE EXPENSES 12,819.66
TOTAL EXPENSES 88,314.67
TOTAL DISBURSEMENTS 88,314.67
BANK BALANCE JUNE 30, 1938 3,427.46
TOTAL $91,742.13
DISBURSEMENTS
BONDS PAID $ 36,000 00
INTEREST ON BONDS 36,668.75
COMMISSIONS ON COUPONS 11106
INTEREST ON NOTES 8. .5 S 3
REBATES, STREET ASSESSMENTS 172.97
BOND EXPENSE 248.79
NOTES PAID 42,843.93
TOTAL EXPENSES 116 879.36
TRANSFER TO GENERAL FUND 1,482.96,
t
TOTAL DISBURSEMENTS 118 362 32
BANK BALANCES JUNE 30, 1938 811.72
V
TOTAL $119,174,04