’HEaaiIICEYgRECMDM V«lmm 33 Tomatoes Boost Our Economy There was a great deal of enthusiasm generated at the 2nd annual meeting of the T&n cey County Producers Associa tion held a few days ago. The Growers are planning for the 1970 operation and look for ward to having more tomatoes for the expanding market This year's growers will be talking to other prospective growers and it is hoped that at least 130 acres will be under culti - vation with tomatoes next ye&x. Success stories were told which will be written up about individual growers for publi - cation in the Yancey Record and over WKYK Radio St a - in the future. The Tomato Co-op is a great boost to the economy of Yancey County, said James Ray. He reported that four times as many Tomatoes were grown in 1969 as over 1968. The Audit showedthat in 1968 tomato sales totalled only $43, 379.50 as compared to the 1969 sales which total led $156,277.75. The growers and the La - bor Force payments came to $127,285.44. This substan tial amount shows that the co op benefits are heading in the right direction as a majority of growers and labor are in the lower income bracket. An election of Board Mem bers included these from the Class of '73: Lawrence Ray, Yates Bailey and Law re nc e King. The new Board elected the following officers: John E. Powers, President; Hugh Pate, Vice President; John G. Ramsay, Secretary James Ray Treasurer. 'Sorry About That’ Due to a fire in the Re cord building and resultant heat and water damage to machinery, the Yancey Record was not publish ed last Thursday, October 2. We are happy to re port that business is pro ceeding as usual now. Watch for the announ cement of our relocation in the Phillip Ray Building across from Higgin's Me morial Methodist Church. -Ed. and Staff. Competitive Banking Needed For Progress In Yancey County By Carolyn Yuziuk John Smith wants to open a bakery in Burnsville He be lieves, since there is no bakery in Burnsville or in all of Yancey Comity, that he can enter into this business ven ture with a good likelihood of success. Fortunately, the government agrees with him and the Small Business Ad - ministration guarantees to back 90% of the $15,000 John needs to borrow to start in business. Full of optimism and enthusiasm, John arrives at his local bank to receive his business loan, and finds to his dismay that his bank wants him to repay the whole amount in 6 years time -a time limit that would set his monthly payments at more than S3OO - an impossible figure for a newly-formed business to meet. "The Banks policy ", John was told. Impossible? Unrealistic? The answer is no. This account is true, although the name and business were fic tionalized. Commissioners Announce H Snles-Use Tax Funds Would Go To Education On September 23, 1969, the Yancey County Board of Commissioners met and agreed that 100% of all funds collec ted as a result of the l