Newspapers / Jones County Journal (Trenton, … / June 29, 1967, edition 1 / Page 5
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...I, —— ■ ■ * ... I ..— — -.., - ' PrX* The Painting Business Moves Upward, by Degrees '- .- -. .. This is not really a newsworthy kind of picture, except that anything that is done to make any part of a community more beautiful is of interest. But the relative positions of these four painters was interesting from a photo grapher's point of view. The four were at different stages on the job of giving an early-summer paint job to Kinston's Queen Street Methodist Church. Also from this particular photographer's point of view, he'd prefer the job of the man working nearest to the ground. Sharp Increase in Bank Deposits in Lenoir County in Past Two Years If money in the bank is an indicator of economic strength, then residents of Lenoir County are in comparatively good fin ancial shape. Despite their record outlay in the past fiscal year for goods and services, they ended up with more liquid assets than usual. Figures bearing this out have just been released by the Fed eral Deposit Insurance Corpora tion, following a survey of all banks in the United States. They show that the combined deposits in savings and commer cial banks in Lenoir County reached a total at the end of the year of $36,215,000. It was a marked increase over the a mount on deposit two years pre viously, $29,127,000. This included money in the checking accounts of individuals, partnerships and corporations, $18,217,000, and savings ac counts of $14,040,000. Inter bank transactions made up the difference. Also on hand, locally, was cash in safes and in private vaults and money in people’s pockets. The survey is the first that was made in such detail by the FDIC. Somewhat similar studies had been made in the past, every two years, by the Federal Re serve System. The amount of money on de posit is considered a major fac tor in a community’s economic health. These funds, which are put back into circulation by the banks through loans to business concerns, to prospective home owners, to automobile buyers and others, serve an important function, it is pointed out. I As to the $36,215,000 on tap NOTICE OF SERVICE OF PROCESS BY PUBLICATION STATE OF NORTH CAROLINA JONES COUNTY IN THE SUPERIOR COURT CHARLES HENRY STRAY HORN VS ISIAH HILL, THOMAS LEE BERRY, FATE BERRY, ROBERT LINWOOD CREECH, AND CAROLINA DAIRIES, INC. To Isiah Hill: Take notice that a pleading seeking relief against you has been filed in the above entitled action. The nature of the relief being sought is as follows: An action to recover damages from injury received in an au tomobile accident, which occur red on the 13th day of August, 1964. You are required to make de fense to such pleadings not later than the 22nd day of„ August, 1967, and upon your failure to' do so the party seeking service against you Will apply to the Court for relief sought. This the 21st day of June, 1967. /s/Walter P. Henderson Clerk of Superior Cotirt Donald P. Brock Attorney at Law Trenton, N. C. J—June 29, July 6, 13, 20 NOTICE OF SERVICE OF PROCESS BY PUBLICATION STATE OF NORTH CAROLINA JONES COUNTY IN THE SUPERIOR COURT JASPER JONES, Petitioner v* TOM JONES, H Defendant To Tom Jones: ■ Take notice that a pleading seeking relief against you has been filed in the above entitled action. The nature of the relief being *0l&iic C .i'.i sought is as follows: An action commenced for the purpose of selling land in Jones County for partition. You are required to make de fense to such pleadings not later than the 14th day of August, 1967, and upon your failure to do so the party seeking service against you will apply to the Court for relief sought. This the 21st day of June, 1967. ' /s/ Walter P. Henderson Clerk of Superior Court Donald P. Brock Attorney at Law Trenton, N. C. J—June 29, July 6, 13, 20 Legless Man Steals Sheriff Dept. Car In Lenoir County Recently a young man named Noah Thomas Small has given his family and local authorities many headaches. Tuesday he added one more. A deputy in the sheriffs office noticed one of the department cars slowly leaving the parking lot, apparently without a driver. He rushed out to find Small, who lost both his legs several years ago in an auto accident, driving the car toward King Street. Steering with one hand, the legless young man was, manipu lating the clutch and accelerator with the other hand. CAUGHT WITH GOODS William A. King of Kinston route 1 was caught by ABC offi cers last week after a high speed chase near Deep Run with 3C gallons of stumphole whisky in his car. He was charged witl transporting this illicit elixir speeding and reckless driving His car was held pendng confis cation. vC '-k 4-’ Read This and Decide Where You Stand On the Giving or Taking Side of Taxes uuw in uv »i urn licuuu v^v/Uii ly residents pay, on the average, in Federal, state and local taxes in the past year? What did they get back for these payments in the form of roads, schools, protection, health care and other public works and services? This relationship, between tax burden and benefits, is the sub ject of a special national study just completed by the Tax Foun dation, a non-profit research or ganization that serves as a watch dog on government finances. Its figures show that the taxes paid and the benefits received do not balance each other except for families with net incomes of about $6,000. Below that level, the benefits derived are greater than the costs. Above it, taxes exceed benefits. Residents of Lenoir County, whose incomes averaged $6,547 per family in the past year, af ter deduction for personal taxes, had tax bills of approximately $1,910 per family, according to the Tax Foundation’s figures. This takes into account all tax es, direct ones and hidden ones, collected by all levels of govern ment. In return for this outlay they received benefits estimated al $1,830 per family. For local families 'with net in comes of $10,000, taxes amount ed to $2,830 in the year and the benefits received came to $2, 190. Those with incomes of $3,000 on the other hand, had taxes ol $780 and benefits of approxi In the Tax Foundation study the benefits are divided into tw< broad groups — specific ane general. In the specific category are education, highways, public wel fare, veteran benefits, labor and manpower, agriculture and so cial insurance. The general benefits are the ones that result from govern ment spending for health and sanitation, national defense, commerce and finance, civilian safety, international affairs and general government administra tion. For most people in the United States, earning the money to pay their taxes takes the biggest part of their working day, the Tax Foundation states. On aver age, 2 hours and 25 minutes of GILT SHILLIN’ 100% BLENDED SCOTCH in Lenoir County, if it were di vided equally among the local population, it would amount to $586 per capita. By way of comparison, there was $488 per person available two years ago, when the former survey was made. Savings accounts, especially, have been on the increase in re cent months. People have been stashing away a bigger portion of their income than usual. Nationally, they are putting it away at the rate of $34 billion per year. They are using some of it to reduce their outstanding debt. With their credit in good shape and with their savings above average, they are in a fin ancial position to do some real spending when they feel the time is right. At the moment, however, be cause of the economic uncertain ties, they are scaling down their purchases of big-ticket items. This survey does not include savings held by Savings and Loan Companies. Grainger High is Represented on School Press Board New officers of the N. C. High School Scholastic Press Institute were announced by University of North Carolina Journalism Professor Walter Spearman, di rector of the program. The officers were elected dur ing the 26th Annual Institute just concluded on the UNC cam pus. A total of 326 students and advisors from 56 schools across the state participated in the three-day program. Von Underwood, copy edtior of the yearbook at Cary High School and treasurer of the In stitute last year, is the new presi dent. Steve Ayers, class editor of the North Forsyth High School yearbook in Winston-Salem, is vice-president. Gail Fiveash, clubs editor of the Grainger High School news paper in Kinston, is secretary and Doug Swain, sports editor of the Boyden High School year book in Salisbury is treasurer. Oran K. Perry of Grainger High School in Kinston will serve as newspaper advisor dur ing the year. Mrs. Marjorie O’ Keeffe of Cary High School will be yearbook advisor. work is needed to meet Federal, I state and local taxes.
Jones County Journal (Trenton, N.C.)
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June 29, 1967, edition 1
5
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