Newspapers / Gastonia Daily Gazette (Gastonia, … / March 2, 1917, edition 1 / Page 6
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TACT. TXi TBX GASTONU GAZETTE. FRIDAY, MARCH 2, 1917. 1 .- - 1 f f 1 ANNUAL REPORT of the condition of Belmont Building and Loan Association of Belmont. N. C made to the Insurance Commissioner at Raleigh, N. C, as required bylaw, for the year ending December 31, 1916. . ' Incorporated 1915. Commenced business Marcn 6, isuo. President. R. B. Suggs. Address, Belmont. X. C. cwrctirv. W. D. Crawford. Address, Belmont, X. C. Salary 25c - per ahare per year. Treasurer, VV. D. Crawford. Address. Belmont, X. C. ''' Attorney. Geo. B. Mason. Address. Gastonia. X. C. Salary, paid h borrower. RECEIPTS Cash on hand Dec. 31, per last report 1,609.00 Installments receiTed dur ing the year 10,71 4.2 Interest received during ' the year 51 1.87 Installments paid in ad vance 4 8.00 Entrance fees received during the year 130. 2j Loans on shares paid. ... 742.9a Total , i 13. S6.S2 DISBURSEMENTS Withdrawals 611.5 Loans on mortgages 8,401.2 Loans on shares 1,776.3 EXPENSES Salaries $236.20 Legal, In 8 u r- acce Dept. . . . 6.00 Advertising and printing .. . 26.92 Taxes on Asso. property ... 62.72 Prem. on Tr. bond 4.00 335.89 Total expenses 30 Day Certificate of de posit 800.0 60 Day Certiflcae of de posit 1,000.0 Bal., cash on hand $ 831.88 Total $13,756.82 ASSETS Loans on mortgages $11,351.25 Loans on shares 1.447.35 Installments due and un paid 1R8.00 Cash In banks 2,631.88 Total $15,618.48 LIABILITIES Due shareholders $15,304.00 Profits unapportioned. . . . 314.48 Total $15,618.48 PROFIT AND LOSS ACCCTXT DR. Salaries $ A dr. and printing Taxes Int. Department fees Prem. on Treas. bond .... Total profits 236.25 26.92 62.72 6.00 4.00 314.48 CR. Bal. profits last report Interest Admission fees 8.25 511.87 130, Total $ 650.37 Total $ 650.37 APPOKTIOXMKXT OF PROFITS c DC 9) 2 Q to it i e) j: CO O 55 3 o H o s 9 c 3 O 95 Men. 69 Sept 23 1915 1915 Men. 1916 1 17Bept 1916 381 158 212 283 Totals S 9 048 75 2 722 50 2 279 00 1 202 75 1034 S15 256 00 B 8 898 60 2 900 00 945 00 55 00 $12 798 60 SUPPLEMENTARY QUESTIONS , (1) To what per cent of valuation are loans limited? 75 per cent. (2) What is the'largest mortgage outstanding? $1,800.00. (3) Hare you any loans on second mortgage? If so, what amount? Xone. (4) -How often are series issued? Every six months. (5) Do you mature your series within a given time? If so. how long? We figure to in 6 1-2 years. (6) Are all the profits of the Association apportioned at the beginning of each series? No. (7) Are the dues per share payable weekly of monthly? Weekly. (8) Untfer what plan do you apportion the profits to various series? We will adopt the one, recommended by you in your journal cash booR. (9) Amount of authorized shares? 50, 000. (10) Par value of each share? $100.00. (11) Xumber of shares in force at beginning of year? 5S;i. 112) Xumber of shares subscribed during the year? 521. ' (13) Xumber of shares canceled and withdrawn during the year? 70. (14) Xumber of shares in force a: end of year? 1 03 4. .(15) Xumber of shareholders, white? 1010. (16) Xumber of shareholders, colored? 24. Etate of North Carolina. County of Oiston. ss: R. B. Suggs, President. W. D. C awford. Secretary, of the Belmont Building and Loan Association of Bslmont, State of North Carolina, be ing duly aworn. each for himself, deposes and says that they are the a bove described officers of the said Association, and that on the 31st day of December last, all the above described assets were the absolute proper ty of the said Association, free and c'.ear from any liens or claims thereon, except as above stated: and that the foregoing statement, with the sched ule and explanation therein contained, assumed or referred to, are a full . and correct exhibit of all the assets, liabilities, income, and disburse ments, and of the conditions and affairs of the said Association on the aid 31st day of December last, and for the year ending on that date, ac cording to the best of their information, knowledge, and belief, respect ively. Sworn to and subscribed before rue, this 7th day of Feb., A. D. 1917. W. H. Horsley, Notary Public R. B. SPGGS. President. W. D. CRAWFORD, Treas. State of Xorth Carolina, Insurance Department, Raleigh, Feby. 17, 1917. I. James R. Younss. Insurance Commissioner, do hereby certify that the above is a true and correct abstract of the statement of the Belmont Building and Loan Association, of Belmont. X. C, filed with this depart ment, showing the condition or said Association on the 31st day of De cember, 1916. Witness my hand and official seal, the day and date above written. JAMES R. YOCNG. Insurance Commissioner. HEWS OFJHE GQUfJTY LATEST FROM OUR CORRESPOXDEKTS Linwood College News. Correspondence of The Gazette. LINWOOD COLLEGE, Feb. 26.- On last Thursday evening the sen ior class entertained the Junior class and several of their friends in the Gaston Hall. The members of the senior class and their teacher com posed the receiving line. The mem bers of the senior class are: Misses Lois White, Mary Love, Mary Boyles, Ellen Carson. Jennie McDonald, Ma rie McAlhaney; Messrs. Leonard R. Xiell. G. C. Ferguson. W. E. Isler, W. I. Falls and P. S. White. The senior class teacher is Miss Massey. At &:jo tne receiving lin was broken, and the assemblage was en gaged in progressive conversation far an hour. Miss Delia Emerson, one of our old girls, won the vote for the best conversationalist. At 9:30 refreshments were served In the dining hall where the previous happenings of the evening took place The dining hall was prettily lighted with green lights. The refreshments were cream made in the class colors, green and white, and cake. Mr. L. R. Xiell, the president of the senior class, gave a toast to the guests. Mr. Xlell's toast was very appropriate. Toward the end of this period Miss Massey gave a toast to the senior class. The seniors, in a body, re sponded to Miss Massey. The toast- mistress was Miss Riggins, of the faculty. Naturally, yet unavoidably, the next feature of the evening was the sad tone of the bell as It said, "Leave here, leave here, leave here, etc." It was at this juncture. 10:30, that all bade their friends and "sweethearts" good evening, regret- Ing that the time had passed so quickly. The last words of the sen iors were, "Come again. Rev. A. T. Lindsay returned Sat urday from a trip to Atlanta and Chattanooga. Miss Delia Emerson, of Clover, has been spending a few days with friends here. Miss Louise Irwin is visiting her parents at Pineville. Misses McCarter, Summerford and Davidson are visiting their respect ive parents in Clover. Miss Alma Pursley is spending the week-end with her parents near Bethany. Misses Lois White and Lilage Cas tles are spending the week-end with Miss Bright Crawford near Pleasant Rldge. It was a pleasure to all of our old students to have Mr. J. E. Lindsay, one of our former students, with us during the past week-end. Rhys.' - .. . Sixth grade: Alonxo Rhyne. Dan iel Hoffman, Jennla Cauble. Mary Rhyne. . Mr. Hunter Mauney spent last week In Raleigh. Miss Bulah Rhvn ii th of Mrs. Dr. Relnhardt Sunday. Mrs. Hunter Mauney la quite sick at her home here. Mr. Svlvanus Rhvne. who has hn confined to his bed for the past few Crouse Route One News. JlItoluDfa Tke boys favorite It's Easiest I05DLACKT WHITE TAN 1QC AMMixivcac HawvoftK-te. WTPALOvM.VA Correspondence of The Gazette. CROUSE, Feb. 26. Misses Annie Mae Alexander and Pearl Hicks spent Sunday with Miss Zelda Car penter. Miles, the little son of Mr. and 1 Mrs. M. A. Carpenter, who is right sick with pneumonia is resting very well today. Mr. and Mrs. Luther Carpenter have both been sick with grip this week. Mrs. Hattie Alexander and son, Malcom, spent Sunday with Mrs. Clay Riser. Lewis, the little son of Mr. and Mrs. J. E. Carpenter, is right Bick. Lawrence Stroup, son of Mr. J. A. Stroup, who has been in the Lincoln ton Hospital the past three weeks. is at home again and is getting along very well. Miss Lula Bridges spent Saturday with homefolks at Kings Mountain. Mr. and Mrs. W. B. Elam spent Sunday at the home of Mr. W. E. Riser. The infant son of Mr. and Mrs. S. O. Murphy is right sick. Miss venia Carpenter, spent bun- day with Mrs. W. E. Riser. Miss Wadelisa Cornwell and little Miss Cathleen Carpenter spent Sat urday at the home of Mr. L. A. Bar- bee. Mrs. S. L. Carpenter spent Mon day with Mrs. J. F. Carpenter. Mr. Sid Brown, of Washington, is spending a few days with his moth er, Mrs. Andy Brown, near Crouse. Mrs. Francis Riser is spending this week with her daughter. Mrs. Luther Huss. "Mrs. Andy Brown and sons, Sid and George Brown, spent Sunday with Mr. and Mrs. J. E. Carpenter. Mrs. Wade Brown and daughter, Bessie, visited at Mr. J. E. Carpen ter's Sunday. Long Shoals Items. Correspondence of The Gazette. LOXG SHOALS, Feb. 28. Fol lowing is the honor roll of the Long Shoals school for the past month: First grade: Mamie Riser, Jas. Riser, George Hambric, Carl Disert, David Casket. Fisher Yorborough. Second grade: Earnest Rhyne, B. J. Cauble. Third grade: Hulda Casket, Ber tie McAUster, Hellie Riser, Lawson Rhyne, Dan Rash, George Hoffman. Rachel Hudspeth. .c : Fourth grade: Lillian Beattte. Pauline Edwards, Clevia and Irene Riser, Clevia Huffstetler, Vernia Rhyne, Connie Thornburg, Hunter Cauble, Malcom George, Robert Ri ser. Fifth grade: Irvin McAUster. Carl Thornburg, Alton Rasn. Grace How's This? We offer One Hundred Dollars Re ward for any cue of Catarrh that can not be cured by Hall's Catarrh Cure. Hall's Catarrh Cure baa been taken by catarrh sufferer for the past thirty-live years, . and has become known as the most reliable remedy for Catarrh. Hull's Catarrh Cur acts thru the Blood on the Mucous surfaces, expelling- the Poison from the Blood and. healing; the diseased portions. After you have taken Hall's Catarrh Cur for a short time you will se s great improvement in your general health. Start taking Hall's Catarrh Cure at tone and get rid of catarrh. Bend tor testimonials, free. F. J. CHENET CO, Toledo, Ohl Sold by all Druggists, tea u. daya, la Improvlnx. - t V - Practically everbody Ij su Bering more or less from cole and grip. Mrs. Smith Cauble, who has been sick for the past several weexa. :j improving slowly. Mr Luther Yarborou?h and fam ily were visitors at Mr. Fisher Hoff man's Sunday. Mrs. John Riser and children were visitors at the hom or Mr. Sylvanus Rhyne Sunday. Mr. Anderson Riser and family, and Mrs. Nan Rash and daughter. Miss Docla, spent Sunday with Mr. and Mrs. Will Rhyne. , Master Robert Riser spent Sunday ."-ith Master Hugh Carpenter. 00 Crouse, route one. x Mr. R. M. Davis, of Bethel, waa ! In town "Wednesday. , Dr. J. R. Patrick, of High Shoals, was a business visitor in town Wednesday. I Invite Your Attendance at My Display of 10DEL TAILORED AND SPORT HATS Wednesday Evening, 8 to 10 March 7th, and Continuing Through Friday and Saturday Now located in my new quarters with double the space, and all the newest ideas in the best line I have ever produced. I am wonderfully equipped to fulfill every requirement of the trade with special emphasis on quick delivery. Mrs. D. R Shields McNeely Co., Second Floor 226 W. Main Avenue. Opposite Realty Building DELCO -LIGHT' D if fil V ELECTRICITY FOR EVERY FARM 2 r' OELCO-LIGHT ON THE FARM DELCO-LTGHT MAKES Electricity Universal For the first time electric light and power are available to anyone anywhere Heretofore, the benefits of electricity have been confined to those who live in the larger towns and cities. Now Delco-Lijjht makes electric current universally available. S If si DeU;U6HT ffl DclovLijfht is t.vJay furnishing thousand., of fcrm-housi-s with bnlbr. I, convrnivnt. tilt ami eco nomical light. It il furnisbinjT power to operate pumps, washing traci.ines, cliurns, cream separators, milkint; Ma chines, vacuum cicnrrj, etc. It is light!. i oinwry churches, stores and publ'c halls. It is furnishing light and power to summer homes and camps, to houseboats and yachts, etc. It is lighting rural railway stations and construction camps. It is. lighting the camps of United States troops on the M extern border and it is disclosing hereto fore undreamed-of beauties in the depths of Mammoth Cave, Ken tucky. Altogether, over 1 5,000 Delco-Light ' ttanU are in operation, and Delco- , ighf offices art to be found in al most every part of the world. OELCO-LIGHT ON TNC MEXICAN BORDER III WTnFim-iir;HT'1li lit TUl . Ill ((C6mtructowCwp) Dtko-Liglit is complete tleetric plant b eogint and ty Mm ia one compact unit combined with a art of tpe c tally built and wotHtrrftilly efficient batteries for the atoriai of carreaL Ta aUat i as simp4e a chad caa care lor it, aad to ecoaomical that il actaaltjr pars for ' Hielf ia tin aad labor saved. It operatea oa cither kero reac. gasolme or aauaral gas. PRICES $275 AND $325 MICHAEL & BIVENS AGENTS FOR GASTON AND LINCOLN COUNTIES EIXCTRICAL CONSTRUCTION AND SUPPUES I . lftrDELCO-UCHTfl I IN Trie I (rjRAIWAV :STATfOQlJ I COMfpfTWaWS Alms Mm feiJ ,StW6 deico-ugwt ON TM. " YACHT' H mwm t inrrrrwio fTAVIT 7 i I -
Gastonia Daily Gazette (Gastonia, N.C.)
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March 2, 1917, edition 1
6
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