Yets Experience Best
Break Yet On GI Loans
347 Applications For GI Home Loan
Guaranties Taken In NC In October
Veterans today are experiencing
less difficulty in obtaining new in
terest mortgage financing for
homes purchased with loans
guaranteed under the GI Bill than
at any time in the past year.
C. H. Ball, Veterans Adminis
tration loan guaranty officer for
North Carolina, today said that
347 applications for GI home loan
guaranties were received from len
ders in October. This represents
the highest number received in
any month since August 1948.
Applications have been rising
steadily since January 1949 when
the long downward trend from the
peak of nearly l.OCO in October
1947 was reversed. Applications
hit a low of 153 in January of
this year.
The national figure of nearly
40,000 applications received in Oc
tober was the highest number
since November 1947.
A combination of factors was
cited as probably responsible for
the upturn. Ball said that an im
portant influence was the large
amount of mortgage money sup
plied through the Federal National
Mortgage Association, a govern
ment corporation authorized to
buy GI loans from private lenders.
An increased willingness on the
part of private investors to finance
mortgage loans at 4 per cent in
terest- the maximum rate charge
able on GI home loans—and a
gi eater availability of lower-priced
homes were other important fac
tors.
Ball added that the home buying
veterans’ prospect of obtaining 4
per cent mortgage financing
should be even further improved
by a new law which became ef
fective October 25. 1949. This law
expands the mortgage purchase
authority of WNMA, permitting
sale to the government by private
lenders of most GI mortgages
without restriction.
In North Carolina, 27.530 World
War II veterans have used part or
all of their entitlement to finance
the purchase of a home, farm or
business. Of that number, 26,238
bought homes. Their VA-guaran
teed home mortgages had a face
value of $125,873,490, while the VA
guaranteed portion was $53,331,
678.
Eligible veterans have nearly
eight years left in which to use
their loan guaranty rights. In view
of this, and the fact that it is a
benefit which may be used but
once, the VA advised veterans to
consider all factors carefully to
avoid rushing into what may prove
to be an ill-advised purchase.
Production of alfalfa hay has
increased 50 per cent in the last
10 years.
For Christmas
Hurry Now To Abernethy’s
M \KE I P YOUR LIST FROM
THESE SIOHESTIONS
Men’s Shave Sets
Men's Old Spice Sets
Billfolds
(.'osmetic Sets
Overnight Bags
Stationery
Comb-brush Sets
Photo Albums
Clocks
Fountain Pens
Henson Lighters
Key Chains
Electric Shavers
Electric Irons
Cameras and Film
HOEUNHSWORTII AND HALES FINE
CANDIES
A b e r 11 e l li y ’ s
A Hood Drug Store
Rhone 12
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IT’S THE BENRUS
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WATCH
Every watch has been tested at the
equivalent of over 60 ft. of water.
However, if opened for any reason,
this watch must be reclosed by a com
petent watchmaker, using genuine
Benrus repair parts, if the waterproof
qualify of the watch is to be retained.
(
W. M. Wall
Elkin’s Leading Jeweler
Phone 56
CANADA'S FIRST SIAMESE TWINS
WEIGHING A TOTAL of nine pounds and twelve ounces, these Siamese
twin baby girls are held by their parents, Mr. and Mrs. Bud Townsend
of Edmunton, Canada. Born on November 17, the babies are the only
known Siamese twins to be born in Canada. They are united at the
abdomen, but are otherwise normal infants. (International Soundphoto)
Former Yadkin Man
Dies In Knoxville
Robert F. Logan, 45, of Knox
ville, Tennessee and formerly of
Yadkin county, died at Knoxville
Wednesday morning after a short
illness.
He was born in Yadkin county,
a son of the late J. S. and Cor
delia Logan. Mr. Logan was a
member of the Yadkinville Lodge
102, A.F. and A. M. He had been
living in Knoxville for two years.
Survivors include the wife, Mrs.
Grate Mitchell Logan; one daugh
ter, Madge Logan, of the home;
OOPS!
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YOUR WATCH
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good time?
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on our ■ n 11»
It prints a record showing
the exact rate and condi
tion of your watch.
WATCH REPAIRS
BY EXPERTS
PROMPT ECONOMICAL SERVICE
W. M. Wall
Elkin’s Leading Jeweler
Phone 56
I
1
By A. Dan Hudspeth
1
OXAT.__
"Must be lime for a change.”
\ flat tire can cost you time,
noney, inconvenience — have
t fixed the fast, economical
?asy way! Simply phone 379
ind we will collect it and de
iver it in record time at low
est cost.
SHELL SUPER
SERVICE
fl3 N. Bridge — Phone 379
SALES SURPASS
RECORDS IN NC
Retail Trade Exceeds Two
Billion, Wholesale More
Than 1,290,000,()()()
LARGEST IN HISTORY
Retail trade exceeding two bil- I
lion dollars and wholesale trade of
more than $1,290,000,000 were re-;
corded by North Carolina retail
and wholesale dealers during the
past fiscal year, the largest of
both in the history of the State
and a sizable increase over the pre
ceding fiscal year, it is shown in
the merchandising issue of “The!
E.S.C. Quarterly," published by
the Employment Security Commis- '
sion of North Carolina.
The Summer-Fall, 1949, issue of
this 60-page magazine gives im
portant information on both retail i
and wholesale trade in the State |
in up-to-date factual articles, as
well as a look into the early days
of trading paths, packs, trade
routes and barter in the colony j
which became the State of North |
Carolina.
Special articles trace the devel
opment of four huge merchandis
ing firms which started in North
Carolina and the men who promo
ted these far-flung retail systems,
including W. H. Belk, J. B. Efird
and J. B. Ivey, all of Charlotte
and all heads of department store
systems, and P. H. Rose, Hender
son, head of an extensive chain of
variety stores. Development of
many other department store
groups and at least 42 variety
chain store systems with 250
stores, all originating in North
Carolina, is detailed. Articles re
count the development of two
huge machinery and .equipment
firms which started in Raleigh
and now cover wide areas in this
and other states.
North Carolina has eight whole
sale drug firms with a combined
age of 433 years, average 54 years,
the oldest of which is 80 years old,
whose successful records are re
counted. Hundreds of other whole
sale firms have operated success
fully for many years, the oldest
wholesale grocery firm being that
of J. G. Ball Co., Raleigh, 60 years
old. Thomas & Howard Co., start
ed in Durham, is the largest, wuth
10 units in the State and 12 units
in South Carolina. The Atlantic
Tobacco Co., Wilmington, is proba
bly the second largest wfth several
units.
vjne section is nevoieo 10 oiu,
odd and interesting retail firms,
such as Blanchard’s in Hertford,
operating since 1832, and numer
ous others. Articles are carried on I
many other local and nation-wide
chain stores, with operations in
North Carolina.
Authors include William S. Pow
ell, on early merchandising in the
State; Willard L. Dowell, retail
merchants: E. S. Yarbrough,
wholesale merchants: Mrs. Bessie
B. Ballentine, automobile dealers,
and M. R. Dunnagan, editor of 1
the magazine. Mrs. Viola T. March
writes on the GI Bill of Rights j
operations in the State and James;
Chadwick contributes a poem!
"North Carolina.”
one son, Robert F. Logan, Jr., of
the home: two brothers, A. H.
and Howard Logan of Yadkinville; i
four sisters, Mrs. Earl Stryker
and Mrs. C. N. Dobbins of Yad- i
kinville, Mrs. Frank Mullins of
Midway Paik and Mrs. S. R. Mox
ley of Roanoke, Va.
Funeral service was held Sun
day afternoon at Harmony Grove
Church Cemetery by the Mason
ic Lodge.
North Carolina hatcheries pro
duced about 3,291,000 chicks dur
ing October. This is the largest
October output on record.
Galoshes Are Tipoff
Bad Imitations Make
it 1 difficult For Santa
By CYNTHIA LOWRY
A I* N ewsfe.it n res Writer
There are more people around
today doing bad imitations of
Santa Claus than there are
people doing bad imitations of
Hildegarue, A1 Jolson and Bette
Davis.
This is a very serious situation,
as can easily be seen, which is
making it difficult even for adults
to believe in Santa Claus.
Personally, through long prac
tice, I am able to spot, a phony
Santa Claus from a distance of
two blocks or the length of a de
partment store. But even before
I was an expert in the field, I
was never taken in by skinny char
acters in dirty cotton beards and
outside suits soliciting Christmas
alms on street corners. The tip
off, of comse, is that they stand
on pieces of board or wear regula
tion galoshes. Santa Claus wears
boots and his feet never get cold.
I have known people, however, who
believed anyone in a red suit trim
med with fur was Santa, no mat
ter what he was doing.
Of course, I have met the
good Saint Nick in stores many
Driver Permits Must
Be Renewed For L,M
Many I. and M drivers who have
been operating motor vehicles for
a number of years do not realize
that they must pass a road test
before getting a license renewal,
Driver's License Examiner T. A.
Stewart reported here today.
Persons whose surnames begin |
with L and M must have their li- ;
census renewed before December!
?1
“Every day or so someone who
holds an old licence tells me If?"
did not understand that he had to
stand a road test since he had been
diiving for years,’’ Examiner Stew
art said. “Usually these applicants
report to me late in the afternoon
and then have to return the next
day because I do not have time to
give them a road test before the
station closes.” he continued.
To avoid unnecessary loss of
time, drivers whose last names be
gin with L and M were urged by
Examiner Stewart to report at his
station at Elkin in plenty of time
to take the entire examination,
which consists of vision, road sign,
road jules and diiving tests. The
driver’s license examiner unit is a
part of the Highway Safety Div
ision of the North Carolina De
partment of Motor Vehicles.
Furnish Leaders
Wichita Falls, Tex. (AP) -
Wichita Falls lias furnished the
University of Texas a football co
captain for three straight years.
This season it was Bill Pyle; in
1948 it was All-America Dick Har
ris dnd in 1947 it was Max Bum
gardner. Joe Parker, tri-captain in
1943, also was from Wichita Falls.
The “M”. is a good-looking
tractor and it’s just as good as it
looks. It’s a simple, sturdy tractor
with every feature you want . . .
built-in l'ouch-o-matic hydraulic
control, air-cushioned seat, ad
justable steering wheel, ease of
servicing, wide adaptability with
speeds varying from 1-5/8 to 12
M.P.H., plus a variety of "Quik
Tatch” working equipment that
no other small tractor offers you.
Come in and get full information.
Hinshaw Hdw. Co.
Elkin, N. C.
JOHN DEERE /Pbne.
JOHN DEERE
Model M Tractor
times, but I have also encoun
tered some bad actors pretend
ing they were Santa. Imposters
usually can be rieiecieu by a
bored attitude and a certain lack
of interest in the whole subject
of toys.
Some people are even making a
profitable business out of imitating
Santa, which is pretty reprehen
sible when you realize that this
is his busy season and he can't
take time out to protect himself.
One man has opened a school
to train people to become better
imitation Santa Clauses. He has
classes on how to paste a beard
cn properly, and how to stroke it
thoughtfully without its becoming
loose. He warns them not to
smoke anything but a hookah be
cause of the fire hazard. He teach
es them how to laugh so their
abdomens "shake like a bowl full
of jelly,” but what's more impor
tant he teaches them how to
counterfeit Santa’s laugh. The
proper guffaw, as I understand it,
is "Ho-ho-ho-ha-ha.” Seems un
trained Santas are apt to go just
"Ha-ha-ha-ha.”
I'm against this trend. But I'm
more opposed to the way certain
enterprises are implying that
Santa Claus has changed his tra
ditional methods of operation.
Santa Claus has made no changes
these many years except that*in
cities lie will enter apartment
dwellings without fireplaces by
coming in a handy door or win
dow. I also understand he had a
bad time recently by landing in
the middle of an oil burner, and is
being a bit more careful about all
types of chimneys these days.
Any time you see a purported
picture of Santa riding in an
airplane or automobile of any
type, it is an unauthorized por
trait and the central figure pro
bably Is one of the Santa imi
tators.
Santa Claus is an ageless good
humored man who wears an un
usual costume, lives at the North
Pole, ti avels by sled and rein
deer through the skies and brings
toys on Christmas eve to good
children.
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and your family pleasure for many years. Come in today.
Bendix prices will please and surprise you.
Give A Bendix To The
Family Christmas
Hinshaw Radio Sales
and Service
tCTw'.
l
Where Radio Is A Business, Not A Sideline
W. Main Elkin, N. r
JW • >~V
TRIBUNE ADVERTISING GETS RESULT
as seen in
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skirt. Junior sizes 9 to 15.
GALLANT SUITOR, a well-bred two-piecet
borrowed from the gay blades of the past!
Note the eyelet cuffs on the push-up sleeves,
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