Newspapers / The Franklin Press and … / Oct. 23, 1947, edition 1 / Page 5
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Kyle (Written by Seventh Grade Students of Kyle School) New stoves recently were In stalled In the Kyle school, and two truck loads of coat were received. Many tourists are passing through this community. One of them, a woman from Indiana, stopped M make pictures of Neil Kitchens Is going to move FIRST y (t w? * V4/ I. ROY CUNNINGHAM FRANKLIN, NORTH CAROLINA HERE'S HOME OF FRANKLIN FROZEN FOODS ? Above is an exterior view of the ultra-modern freezer locker plant just completed by Franklin Frozen Foods, Inc. The plant, situated on West Main street, opened for business last Saturday. pupils at the school here. his sawmill near Craig Steppe's home. The Rev. Weldon West re cently held a one-week revival meeting at tUe Aquone Baptist church. Mr and Mrs. Luther Jacobs have announced the birth of a daughter, Carol Sue, October 2. Vernon Baldwin, of Franklin, was here recently to visit his grandmother, Mrs. W. H. Bald win. Say; "I Saw it advertised in The Press". v ' State No. 66-294 Report of Condition of / The Bank of Franldin of Macon, in the State of North 'Carolina, at the Close of Business on October 6, 1947 Assets 1. Loans and discounts (including $ none overdrafts)..... $363,435.46 2. United States Government obligations, direct and guaranteed.... 1,024,050.00 3. Obligations of States and political subdivisions ,. 30,500.00 6. Cash, balances with other banks, including reserye balances, and cash items in process of collection 509,568.78 7. Bank premises owned $26,215.44, furniture and fixtures $5,448.96 31,664.40 11. Other assets . : . .: 4,167.91 12. TOTAL ASSETS ?. $1,963,386 55 Liabilities 13. Demand deposits of individuals, partnerships, and corporations $1,570,106.29 14. Time deposits of individuals, partnerships, and corporations ~ 165.64 15. Deposits of U. S. Government (including postal savings) 84,70243 ^16. Deposits of States and political subdivisions 156,903.25 18. Other deposits (certified and officers' checks, etc.) 15,426.15 19. TOTAL DEPOSITS $1,827,303.76 23. Other liabilities Li .......... 7,852.59 24. TOTAL LIABILITIES (not including subordinated obligations shown below) $1,835,156.35 Capital Accounts 25. Capital' .'. $50,000 00 26. Surplus 55,000.00 ? 27. Undivided profits 21,230.20 28. Reserves (and retirement! account for preferred capital) 2,000.00 29. TOTAL CAPITAL ACCOUNTS $128,230.00 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS I..., $1,963,386.55 *This bank's capital consists of: ? Common stock with total par value of $50,000.00 Memoranda 31. Pledged assets (and securities loaned) (book value): (a) U. S. Government obligations, direct and guaranteed pledged to secure deposits and other liabilities. $321,000.00 (e) TOTAL .7..... $321,000.00 ? 32. Secured and preferred liabilities: (a) Deposits secured by pledged assets pursuant to re quirements of law ;. $241,605.68 (e) TOTAL .". 1 $241,605.68 24. (a) On date of report the required legal reserve against deposits of this bank was 274,105.90 (b) Assets reported above which were eligible as legal re serve amounted to j Li 509,568.78 I, H. W. Cabe, cashier, of the^ above-itemed bank, do solemnly swear /affirm that the above statement is true,' and that it fully and correctly represents the true state of the several matters herein contained and set forth, to the best of my knowledge and belief. Correct? Attest: H. W. CABE, Cashier, A. B. SLAGLE, 1 J GROVER JAMISON, ^ * "* R. S. JONES, Directors. State of North Carolina, ' t County of Macon, ss: 8worn to and subscribed before me this 14th day of October, 1947, and I hereby certify that I am not an officer or director of this bank. My commission expires December 2 X, 1947. * CECILS GIBSON, r* ' * 1 Notary Public. (Seal) ? ' * ;? ? jf YX.a mmm SIMPLE AS ABC ? Miss Carolyn Corry, Macon County home demonstration agent, is shown above demonstrating the use of a freezer locker at the plant of Franklin Frozen Foods, Inc. After being processed and wrapped, frozen foods are placed in the lockers for use when needed. The photo sbnws only a single section of the big locker room which contains 480 lockers. Kaiser-Frazer Has Designed and Built This Car For You! Two years in preparation, the Frazer Manhattan is a 100% postwar automobile? a masterpiece of functional beauty em bodying all that engineers and designers learned from the accel erated technical advances of four years of war! In performance, roominess and ride, this newest fine car is in a class by itself. Willow Run is now building better than a car a minute! We are getting our share? and arc delivering now! Come and take a ride. V R/ JtL 5K *3 R/ (DEALER'S NAME HERE? Addres* and Phone Number Here) MOONEY MOTOR CO. Phone 250 FRANKLIN, N. C.
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Oct. 23, 1947, edition 1
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