Newspapers / The News-Journal (Raeford, N.C.) / May 26, 1943, edition 1 / Page 6
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PAGE SIX THE NEWS - JOURNAL, RAEFORD, N. C WEDNESDAY. MAY 26, 1943 ELECTRICITY IS GREAT AID TO GINS AND MILLS In the Carulinas the Inifce cotton gins and textile development has had a most helpful accessory result ing from the development of electric power. At the present time a great ma jority of the mills and gins of the two states receive their power t rum one or the other of the six major power companies, strategically K cutcd for distribution. While, ns a I general rule, each serves its particu lar area, distribution facilities are criss-crossed to permit the feeding of power to another area where sur plus energy is required. Available statistics do not indicate the exact number of cotton mills using the services of the power com panies, but it is stated that the groat majority of the plants operating in the two states are largely dependent upon the major power companies for operating power. O Ginners Back Cotton Improvement Program .North Carolina cotton ginners, who are taking an active part in the one-variety cotton improv e rent pro gram and the free classing service under the Smith-Doxey Act, are not only making a fine contribution to the war demand for superior cottons but they are also helping put extra cash in the pockets of Tar Heel grow ers, says Dan F. Holler, Extension Cotton Marketing Specialist at N. C. State College. He cites the work of W. D. West brook of the Green's Creek Com munity in Polk County as a good ex ample of the cooperation between the ginner and the grower. Five years ago the farmers decided on Coker lno as the best variety for them to grow, and each year Wcstbrook has brought in pure seed for his cust omers. This spring he placed more than ten tons of special seed of this i variety with them, to provide seed plots for next year's crop. He has ' also equipped his gin so that pure seed can be ginned without mixing. Westbrook has encouraged grow ers to put their cotton in the proper condition for ginning, since it is im possible to do a good job f ginning on green cotton r wet cttn. In spite f a bad harvesting season last year, only 59 balss out of l.fi()3 bales ofcotton at the Westbrook gin were reduced as much as one grade, and this was due to the cotton being either green or wet when ginned. Holler says. Westbrook collected samples of each bale of cotton ginned for free government classification under the Smith-Doxey act and thus growers were able to determine the grade of each bale of cotton and its staple length. They were not only able to sell their cotton on a better basis but they could check it from a seed standpoint. Forty-three bales were found to pull less than one staple and the growers who delivered them have been supplied with purbred seed. NEVER T00 LITTLE OR TOO LATE Some remarkable facts in connec tion with the light and power indus try have gone almost unnoticed. For example, while wages have advanced to record highs since 1933 and living costs have jumped in proportion, the price of electricity has actually dropped 22 percent in tha t period. There has been m rationing or shortage of electric power, as there has been of other commodities, in territories served by this outstanding private enter prise . Commenting on this remarkable record. J. A. Krug. Director, Oftiice of War Utilities War Production Board, said: "Power men, public and private, should be proud of the job that has been done in providing power supply. This is in shfJ contrast to the situation as to martS other vital necessities. . . The job has been done with the minimum possible interference with the rest of the war program." REPORT i- w msm 1 A Report to the Public . . . Since your electric service company's business is so closely related to the national war program, we felt that you would like to know how it perfermed its duties during 1942, the first full year in which this country was engaged in the war against the Axis powers. The Carolina Power & Light Company is not eligible for the coveted "E" award, because it does not make goods directly for the war e!fort. Nevertheless, almost every operation in industry requires electric service in order to produce at the rapid rate now required. We are happy to say, that despite the increase in demand for our service for war purposes, both in our territory and in nearby areas, every need was met on schedule. Electricity was never too little or too late. As a result many production records have been estab lished, and several industries using our service have been awarded the "E" banner for jobs well done. The increase in the volume of our business, however, did not materially affect our reve nues for the year. During 1942 we sold 1,093,505,000 kilowatt-hours of electricity. Total revenues for this service, plus fares paid on our bus systems, one of which was sold early in the year, was $16,146,090. This amount is one per cent higher than in 1941. After ex penses of all kinds were paid, including a tax bill for $4,990,062, there remained $2,290, 094, or 24 per cent less than in 1941. Out of this sum $1,255,237 was paid in dividends to the approximately 8.000 holders of the Company pre ferred stock about three-fourths of whom reside in the CaroUnas; leaving a remainder of $1,034,857 transferred to surplus. I. V SUTTON. President. xxieieBoixxesexenxBxiexMexrxieaexi i !- fi 1 - -" uTiifti Thftr Wo iHumtwm 8O,0M Horsepower Added to System An 80,000 horsepower expansion program al our Cop Fear steam-driven electric powor plant, which wa started in December, 1940, whtn an order wen placed (or the first of two 40,000 horsepower units, U now completed, giving further aeeuranoe to our Hlitomere that they wilt have plenty o( power lot tome tin to come. The first ol these modern steam generators was com pleted and placed in service in September. 1942. The second was formally placed in service, and the entire plant dedicated, in April ol this year. The system of the Carolina Power & Light Company now has a total available power capacity of more than oJO.QOU horsepower. And that much power means there is plenty of electricity lor all the needs ol our war and civilian customers. Interior view of the rc crUy emerged Cape Tear evn.-driven pow er plant. . C.-t ca pacity it now fe n horsepower. Taxes Up to $4,9902 War coiti big money. Tit money eventually comet horn the taxpayer!. Your electric company hot always been a big taxpayer, and in 1942 ill provision lor laiu reached as all-time high ei 14,990,062. It it going to toko a lot ol taxpayers tuch at tho Carolina Powtr & Light Company to help pay for thit war. Th moro tax-free industries operated by tho Government in competition with private business, the heavier the burden will (all on the Individual tax payer. Government and municipal power systems, lor instance, have not been taxed one cent by rhe Federal Government to help pay lor the war. Last year 30 cents out ol each dollar paid ut was set aside for taxes. So you see, taxes take a large part ol the money you spend for electric service. " TAXIS H DOLLAR OF fffl ROSSMVENUI jjp Ij i- i - ffH iM j 5i jp f; ffl jp E3 ttl fi i w m w'w ft1' Rates Below National Average Tho price (or residential electricity has dropped steadily, as indicated by the chart bHow. Electric ra retire at least one item that did not go up fm rhis area last year. Actually, during 1942, the average residential customer of the country as whole paid 30 more for electric serv ice rhan the average resi dential customer of this Company paid. The Com pany's rates for commercial and industrial service are also below the average for the nation, on the basis of compara tive data available. '-.' s3 e.i r.vj t y?r ""J The chert above ihovi the average price pi id pr l"ld r,ldn,1-l lor the ywa inTiti coMMUcsi tsiotmii eimi Mining hunicii motoscoscd huhi. Miiciusmoui isl !" iL 'O J j 7 PS Hkete ike Money Ca44uom X iL JT1 l FT 3J 13 10 15 flv. c& Kg; q -Sfe tM Scz V.Oll rol 'lSUUIS ..."tll?. ISHMHC.IO.tl A Employees Tight On All Fronts Over 300 employees of the Company have answered the call to arms, and many of them are now fighting on all fronts. Over 90 ol our employes are buying War Bonds regularly, and many of them are engaged in civilian activities in support ol the war ellort. Their primary objective, however, it to meet promptly, and fully, every de mand made upon the Company lor electric power. Solee Pi 09 raw With the manufacture ol electrical devices ol most kindt curtailed or ttopped for tho duration el tho war, tho Company'! Salet Department personnel hat been reduced to a minimum, many members being transferred to other departments, and those remaining putting all their effort behind the war program. Outstanding In tuch activities was tho assistance ren dered industrial customers In planning plant conversion Iroa peace-time production to war production, ani in helping tuch customers procure war contracts. Geared Te War To help electrical dealer convert horn appliance (ale outlets to electrical equipment service establishment, the Sale Department conducted a series ol service schools lor dealer personnel. These were well attended and present indication .point te a successful change ever on the part of the dealer. . The Company' home service (tail conducted nutrition schools designed te improve tb efficiency el employee engaged In war production, and le astitt homemaker with lood rationing problems. . Accounting Conlf The long accounting controversy between the Company and the Federal Power Commission came to an end on L February 24, 1943. when stockholders of the Company approved a reduction in Capital Stock ol the Company, thun making it possible lor the Company to comply with a fedora! Power Commission order directing the Com pany to reduce the book value el Its plant account by a total el 111,(48.431. Bookkeeping changes were mad accordingly, but these change in no way oiled ed the actual value ol the Company' property. .tiled pany it in healthy condition. It it rendering c -rvice to ill customer, Induttrial and war uter. it ever ha. It power plant excansion program recently completed was well timed and has provided the Company with adequate power lor all ol the needs of its customer. The policy ol the Company I le continue te serve the Carolina and the war ellort to the utmost ol Iks capacity. Carolina POWER & LIGHT Company BOARD OF DIRECTORS t ' CCHtT rresMsel Aeri?aiesCol f sniinir JA L MrHATJI J) , -or. Mew. cwTlTTO Ullxll-ie--l Ties FTstldswl L v. "Wily MsMew wsswe CN.ieue. V B. eysT1lf3Mwjos v. ,"i-TU'.gJ'!?y,, iustn. rtorik emus Fir- si -eOw-rWOexeeel rrt Ceesexej aluaudkh w im trstim, perm arson tVeaweK t C me toeetwwe Osstees ttsielxe. Hera pwtleo OFFICERS 1. . twrrosr PrssMrai s4 Qsssrel Msseesr a wiATnuvooH c. a walttm t p. ywcxm a kotuhsou Tie sreeie s4 Unl Ctexast Tta, Pjn In le litsiltwl Ttes Pinissei xsMM Cyl" riLmm silt'r?TNTsyJSS 0 o
The News-Journal (Raeford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 26, 1943, edition 1
6
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