LrSl ...
1,737,616.60
288,664.70
894,000.00
751,391.815
21,831.64
1 22,721.26
. . . i : a cf rjtth Car.. ' a tt t: clots til- its
. June 15, l'JuO , ;
ASSETS
C . ! " : .Ti At.ha hunks, tncludinsr reserve balances.
i rash items in process of collection -,.,.... $ 473,108 J.6
u... i iiea Government obligations, airect ana " . 1
guaranteed .-, - ......
Obligations of State and political subdivisions
: Other bonds, notes, and debentures ....,..,
Loans and discounts (including $59.90 overdrafts)
iBank premises owned $19,315,12, furniture and (
fixtures $2,516.62 ----
.-.'Other assets ,...'-. .--.
' TOTAL ASSETS . 13,689,333.63
'V ' . LIABILITIES!. V 1 .
' Demand deposits cf individuals, partnerships, and , ,
corporation . $1,367,138.22
Time deposits of individuals, partnerships, and , ",-, o
corporationa k.-- 2,013A64J
Deposits of United States Government (including postal ,
savings) - 19,864.00
Deposits of States and political subdivisions 85,380.73
Other deposits (certified and officers' checks, etc.) - 1,894,63
TOTAL DEPOSITS r M $3,436,9416 '
' Other liabilities - 89,099.81
I
.TOTAL LIABILITIES ,. , $3,476,041.77
y CAPITAL ACCOUNTS
Oanital fc $ 100,000.00
Surplus .,. , - ; 80,000.00
Undivided profits 33,291.76
: TOTAL CAPITAL ACCOUNTS . 213.291.76
TOTAL LIABILITIES AND CAPITAL ACCOUNTS $3,689,333.63
This bank's capital consists of: Common stock with total
par Talue of $100,000.00.
Total deposits to the credit of I the State of North Carolina
or any official thereof $ None.
MEMORANDA
Assets misdeed or asskmed to' secure liabilities and for
other purposes . i $203,500.00
Loans as shown above are after deduction of reserves of 28,586.39
Securities as shown above are after deduction of reserves of 2,812:50
I, Rosialene M. Tugsnan, Assistant Cashier, of the above-named bank,
do solemnly air inn that the above statement is true, and that it miry
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: ROSALENE M. TUGMAN
J. J. RAMSEY, Director
CRAIG L. RiUlDHSILL JR., Director
, BRUCE K. MURRAY, Director.
State of North Carolina. Oountv of Madison, ss:
- Sworn to and subscribed before me this 2nd day of July, 1960,
and I hereby certify that I am not an officer or director of this bank.
My cmnmissioa expdiies January 81, 1961. .
EFFIE FORE, Notary Public.
a P&
Your Social
Security
J
More than 100,000 housewives
- throughout tiie country may be
violating the social security laws
'. by not reporting the cash wages
v. they pay their household help', ae
. : cording to Mrs. Lucille M. Rick-
man, field representative of the
Social Security Administration.
This could mean that the house-
i: hold workers who are not being re
. ' ported are bing deprived of the
: valuable financial protection they
could have under social security.
This is especially true , of "day
- workers, 1 wnoj worit lor several
'--employees during the course of a
week.
Many housewives may not know
that the law requires them to re
port household help whom they
paid $60 or more in a calendar
quarter. Others may be ignoring
this obligation because their em
ployees don't want them to report
flie wages they get. , Each em
ployer who regularly, pays her
household worker . $4 or more in
cash each week' must file a re
turn showing the name and social
security number . of . the worker,
and the- amount of the worker's
wages; . The household ' employer
also must send in with the report,
the 6 percent facial security iax
on', the Wages Reported -3 pfercit
Harrison Hamlin, 72, of MaVs
Hill RFD 8 died at his home Mon
I day afternoon, July 4, I960.
He was a retired farmer, a life-
I long resident of Madison County
I and a member of . Upper Laurel
Baptist Church. ,
Services were held Wednesday
at 2 p. m.t in , California Creek
I Baptist Church.
The Rev. James Thurman and
the Rev. Bobby iSeagroves officiat-
led and burial was in the church
I cemetery. v'"Tom Bell, Ernest and
ITalmadge Metcalf, Kenneth Wyatt,
Oliver Hall and Otis Hall were
active pallbearers. ,
Surviving the the widow.' Mrs.
Myrtle Hall Hamlin; two daugh
Iters, Mrs. Clyde Holcombe. of
Charleston, S. C, and Mrs. John
Metcalf of Weaverville; . three
sons, John . of Weaverville ' and
Vernon and Straley oi-Asheville;
1 16 grandchildren; and two great-
I grandchildren. , -
Holcombe Funeral Home was in
I charge of arrangements.
f
Mrs. James F. Snelson
-Cttf eourtefjf Citixen-Time
iss lrene"Go3r.oIl Casomes
Dride Of Janes F. C:.3lson
Mrs. James Frank Snelson, the
former Irene Gosnell, is the daugh
ter of Mr. and Mrs. Silvanis Gos
nell of. Walnut, who announced
her marriage to James Frank
Snelson, June 25, ' 1960, at the
"home of Ralph W. Drake of
Greenville, S. C.
Mr. Snelson is the son of Mr.
and Mrs. Frank Snelson also of
Walnut He is a graduate of Wal
nut High School and has served
three years in the U. S. Marine
Corps .. .v'V.i .
Mrs. Snelson is also a graduate
of Walnut High . School and a
former employee of Mills Mfg.
Corp. , ' " , . . j.
The couple will reside in Tampa,
Florida. ' .v , - V.. '
course, may pay the whole 6 per
cent herself if tfhe wishes.
-; Also, said Mrs. Rickman, some
household employees rnsy v have
asked their employers ir to'IJ1"
the refsms ijbecause! tht j'lfo nui.
taken outi of t' . pay ofthe woi'.r: want to havetheir shae, of the
and 3 -percent! contributed by the j social security' tax taken out of
employer. The
employer,
of fttfeir pay. . Th law1,, however, Jters. -x. , - ,'
i Decoration
III
GIVE
The United Way
See the Chevy Mystery Show in color Sundays, NBC-TVl
n n r nl r ""r:: '
?,. ,, K.... . L iJy.- www -t v-'' ! '- 'J" ' ':
Czlzll"" & - r , iv ' 1
. . . Z wmMMWttMMMWl-iW : ' .: t i jmmmmiM...T 1 ..... .iJI v.:'.:'' a .
V V V V flfr $
I !! ON THE HILL AT
! PACIFIC MILL !
a e 9p 9fc tfi Pfi
Several '.of the employees of the
plant turned out for the big 4th
of July celebration and we are
glad to say. that everyone came
twI 'mi it - i.. of back to work safe and sound.
the ' Cutehaw iraveyard near ?aB B" enjye? ine
Whit Rock, , Sunday, July 10, Her fer was ome
1960, at 2 o'clock. : All singers and Ala, Also visitmg
. , I IW vet rftmnvt Dan ma .TAmmAl
Joe, and June King and chil
dren had a nieff Fourth of July
picnic supper over at Silver Mines.
Doris Holt, visited her uncle
nd aunt in Marion last Tuesday.
holds the cnrolover : responsible Bradley's sister from
for making the entire tax payment (Georgia was visiting them over
for social security purposes. See the weekend.
to it that your household employee - Tishie and family enjoyed the
don't lose their right to social Rice Reunion Monday. .
security benefits. ' Report their j Alene enjoyed Che movie Fri
earnings. The law requires house- J dy v night at Newport, .and :she
hold employers to report . their w" Marsnan baturday. ' (
employees' cash wages quarterly Mr nd Mrs. F. L. Lovin and
if the cash wages amount to $50 Paul. Sawyer of. Charlotte visited
V 1. .... !.:... i. . . If. . 1 'HJT ' Wl J .. " .
or more. - I nu mn, uuue Bawyer, ov-
Mrs. Ri' 'an ,t '11 be fa the er. ?e weekend. They enjoyed a
courthouse ,-st third '":"10 "lax ifaxcn oaiuroay.
X? ' . ,,-, . "r. aa irs. ',rj rarics went
o 1". . tJt 'is-'llio Asheville'Satuiwy: to Morris-
and assistance!!, Madison County Jefferson' Xity Sunday,
residents of social security mat- ""u "'""" ouiiuay. ;ne
end. i ' Vfa-Jiif-
Mr. and Mrs. Robert a Johnson
of Walnut and Mr. and Mrs. Fin-
ner Johnson of , Black Mountain
were Visitors of Mr. and Mrs.-J.
U. Roberts Sunday evening. 1 ;
Fays Gunter and kids spent the
,4th in AsheviHe at the park.'
V I v. Adrians Woorlv anA RiU P
jers .went to Newport Saturday;
' ( I also Adrienne spent . Saturday
night in Asheville.,
(Bill and Mary Smith and Jim
Norris enjoyed the weekend in
Charleston, ?. C. '
Bailey reports that traffic had
slowed down considerably aronnd
3 o'clock Tuesday" morning as he
was returning from Tennessee.
Wonder who the male is that
has i been chauff curing " Carol
Plymouth around? ' , ,
1 1 i
AN
1
m MRS. MYRTLE P. MORGAN, Chief Clerk, Local
Board No. 59, Madison, County, receives the Third
United States Army Recruiting Certificate of Achieve- :
ment Award from: Captain' Clyde J. Tate, Western
North Carolina Recruiting Officer, during ceremony
at the Selective Service Office in Marshall. The' a
ward was made on behalf of Lt. General Herbert, B. ,
Powell for outstanding services in connection with" '
procurement of personnel for the regular army as well
as other assistance to the recruiting service.
Spring Creek News
VIRGINIA MEADOWS, Correspondent '
Harold and Carroll Meadows
are spending a week's vacation
with Mr. and Mrs. H. C. Meadows.
The household shower for Mrs.
Jimmy Moore was very successful.
She received many beautiful and
useful gifts.
IMrs. H. E. Martin . returned
home Saturday night after a
month's vacation.
Mr. and Mrs. Ernest Beck from
South Carolina and Mrs. Carrie
Howell form Waynesville had sup
per with H, C Meadows Satur
day night .
Mr. and Mrs. J. D. Meadows and
Martha Anne spent last week with
Mrs. W. A. Meadows.
,; Most of the people on Spring,
Creek' celebrated the 4th by work
ing in some of the crops due to
so much rain. Most everyone had -something
to do rather than go to
town. '
Mr. David Ledford returned to
Michigan after spending , last '
week with his mother and sister, -Mrs.
Faye Ledford and Margaret
We are sorry to hear that Mr.
O. P. Martin is ill. . We hope he
has a speedy recovery,
Tommy Clark went to Cold
Springs Sunday.
1 . ATTKACTZ3
Cyi) ATTEIJTIOII
f jt f fhoM Tlis Kawsprpac
-.1 av
Jfr
"
Fred Marlor, 37, ,
Native Of County,
Passes Saturday K
More people are buying Chevrolets" (including
Corvairs) than ever before and Chevrolet's popular
ity leadership is reaching new, all-time highs! That
means the buying's better than ever for you right now.
So drop in for a chat with your dealer while the V
choice is wide and the time is right! ;. v :r ,
.... J: J U b bObdUiJLjQV
THE BEST SELLER'S
CAR OF THE YEAR!
)
No other car even came close to Corvair in this
year's eompetiiion for RIotor Trend magazine's
Car-of-the-Tear award. Put unless you've ac
tuary driven a Corvair eipericnced its sCken
tide, lit steering, grab-he! J-snd o traction
you can t una jjie
how quick it ret"y is to
pVase. Your deder's
Ce E?n to see. '
c
;.! Corvette at your i:caJ c'rizcl C'
for t.-HcmKt! Io&smtmk
Fred, .Marlor, 37,7 of Marshall
RFD .1, died Saturday afternoon,
July 2 1960, in a.Morganton hos
pital after a long illness. . ", ,
I Mt. Manor, a farmer, was a
'native of Madison County;;'
Survivlncr are the father. P. K.
Marlor of Marshall RFD 1; eight
sisters, Mrs. Margaret , Burrell,
Mrs. Maggie Sutton, Mrs. Delia
Buckndr, Mrs. Janie Edmonds,
Mrs, Sallie Sutton and Mrs. Lucy
Flasher, all of Asheville, and the
Misses Laura, Wilma " Jean and
Kathy Marlor, all of , the home:
and six brothers, Frank of Aslie-
ville, Wesley and Ted of Nashville,
Tenn.i and Bobby, Lloyd and
David of the home. ., - '. n ,
Graveside , eeryices were held
at 11 a. jn., Tuesday in Piriey
Crove Eaptist Church Cemetery.
The T:v. James Hunter crricia-f-J.
'Fi'l'TiJa of the family were
"'. rHor rurrral i:
- - - . . f f ' ' "
It's new in every way! New blend! New
package! Dl. newlO oz. Eize, And a new
proces3 that loclzs In tnat real cofrc o fla
vor for extra enjoyment in every cup you
drlnlc Try new instant JPG-th o new-'
: fasliioncd coffee. - '
k a it m.-m m
s;
r
V,
- -