CRAWFORD
D IN JUNE
dmiral and Mrs. fleorge
Crawford announced the
:t of their daughter,
lyn Crawford, to Donald
haughnessy, son of Mrs.
ugh ness y of New York
the late Mr. James
sy at n reception held
miral Crawford is Com
U. S. Naval Rase, Nor
and formerly command
Naval Rase, I.ong Reach,
Crawford is a graduate of
i College of the Univers
North Carolina, Greens
d received her master’s
fct University of North Car
apel Hill. She is now on
lty of the University of
Austin.
haughnessy received his
d M. A. degrees from the
ty of North Carolina and
ntly working for his PhD
bia university. He is a
of Phi Delta Kappa na
norary fraternity. He was
gn in the Navy during
t War II.
wedding will take place in
y-- thanks for reporting
•nr forest fire to the ^
BEST Fire UARPEN! we GOT
IN TiME-"V£AH,SUCE 6W/EP
icrroF timber from BuftN
& up/
[WESTERN BANK
From Page 1
Hickory, C. L. Whisnant
lory, Gordon H. Winkler of
and Herbert M. Yount of
‘directors in meeting follow
stockholders meeting re
all officers as follows: I)r.
’Dougherty of Boone, presi
Edwin Duncan of Sparta,
live vice-president; W. B.
of Kingsport, Tenn., vice
#nt; Wade H. Shuford of
jty, vice-president; W. B.
of West Jefferson, vice
Bnt; D. V. Deal of North
!>oro, secretary,
lowing are excerpts from the
of Edwin Duncan, cxeeu
Fice-president, to the stock
year just closed was the
four years that we have
d under a peacetime eco
Phe re-adjustment from the
years had proceeded satisfac
to all of us. There had been,
lirse, some dislocation in bus
Some companies and in
is found themselves to be
al operators and they were
to either quit or to re-ar
their business so that they
[compete. Now we face again
»ls and enter into a period
best, semi-free economy. No
■knows what effect this war
t have on the profits of the
[ Certainly, we know that
will be much higher in 1951.
Ihall do all in our power to
service to our communities
Heir preparation for defense
ur nation without thought of
1947 The Northwestern
found itself operating with
il capital account of $1,542,
and with loans of approxi
Ijriy fourteen million dollars.
| management undertook a pro
of strengthening the capital
f reserve of The Northwestern
in order that the Bank might
Me to fully serve its custo
, In 1948 the Federal Govern
allowed banks, for the first
to set up a reserve for losses
Joans based on experience of
Bs suffered by banks in the
aunities served by this bank.
^Computing the losses of the
inks that had to close in our
lory, we were allowed to set
reserve of $670,500.00, or
15110.00 per year, or one and
third times the size of our
We doubted that we could
Mish this reserve in three
; however, you will note in
statement the reserve is
This reserve has
to tWe advantage
the stockholders. During the
years ending December 30,
we had increased our capi
ind reserves to $2,894,584, or
established.
Cted greatly
“A stitch in time
$1,361,796.00, or percentage-wise
about 90 per cent. This remark
able achievement was accomplish
ed through the sale of 12,000
shares of stock in 1948 for $:S90,
000.00 and the retention of pro
fits of $961,796.00 in the busi
ness. The management of the Bank
wishes to take this occasion to
thank the stockholders for their
patience in allowing the bank to
accumulate this capital and re
serve account. We are now able to
carry a larger amount of loans
safely than ever before in the his
tory of the bank.
"The 104 employees of the bank
have worked hard. We believe that
no more congenial and loyal em
ployees are enjoyed by any bank
than those that work for The
Northwestern Bank. We greatly
fear that the coming year will see
some change^ in personnel due to
the war and each change will he
detrimental to the hank. For the
protection of our employees we
have this year set aside $10,300.00
in a retirement fund and we be
lieve this action will he apprec
iated by the fine men and women
who represent us in opr contact
with the public.
“It is most gratifying to us that
we have over 30,000 deposit ac
counts; that the deposits increased
from December 31, 1949 to Decem
ber 30, 1950, $1,500,000.00; that we
have a greatly»diversified business
that is not dependent on any one
industry or crop. For the results
achieved, we wish to thank each
of the 104 employees, and each
of the 650 stockholders — a great
family of people working together
in ten great counties in Western
North Carolina to make better
conditions in which to live.”
William Hickey is cashier of the
Black Mountain branch and Paul
Richardson is in charge of the
Old Fort Branch. Other employees
at Black Mountain include Joe
Nesbitt and Mrs. Violet McGinnis,
tellers, Mrs. Katherine Nesbitt and
Mrs. Mary Sue Turner, boookkeep
ers. Mrs. Faye Faw is teller at
Old Fort.
JOIN THE MARCH OF DIMES
JANUARY 15-31
see the/u
M EVERY
OEMRTAIENf
Pet Milk
2 III 29c
♦ •
2 S' 15c
PURE
VANILLA
EXTRACT
3
2-OZ.
Btl.
vl’.v.y.v.'.v/.owi1
iv+^!*vivXvMvIv
High Grade Foods
Premium — Lb.
Crackers_28c
J. F. G.
Coffee
_ lb.
85c
Dinner Party
pt.
Campbell’s
VEGETABLE
SOUP
2 n 29c
Comb
Honey
2lb. jar
75c
Lb. — 32c
luumm
ft*§reamo
■co«nmm» »%««»»
^^oleomargarine
You’ll Lika lU
FINE TEXTURE
A«k
For ft At Your
FAVORITE GROCER
HOME MAOE
RELISH
®p$li.
mmm ft.
28c
CHUCK ROAST , 69c
FRESH
GROUND MEAT ,, 65c
Skinless
FRANKS
ib. 48(
All Pork
SAUSAGE
ib. 48c
Ell I E T PERCH .lb. 39c
I s L L L I HADDOCK . lb. 39c
[RECIPE OF THE WEEK
^ fy. Tfaty Jjce
Apple Sausage Loaf
Broadcast: January 20, 1951
1 lb. bulk pork
cup $et Milk
V) cup conned apple
Peach — 12-oz. (Pass
PRESERVES. 24c
Strawberry - 12-oz. Jar
PRESERVES. 35c
1 Vj cup* day-old
bread crumb*
8 small sweet potatoes,
cooked or canned
Turn on oven; sec at moderately slow
(350). Mi* sausage with milk, apple
sauce and bread crumbs. Shape into
loaf with wee fingers. Put into shal
low baking pan. Bake 1 hour. Ar
range potatoes around loaf. Spoon
fat in pan over potatoes. Bake 20
min. longer, or until loaf is brown.
Make# 4 servings.
You Will Need:
Pet Milk, Bulk Pork Sau
sage, Canned Apple
Sauce, Sweet Potatoes.
Gallon
CLOROX.35c
Dial — 2 Reg.
SOAP . 29c
efrukW'
home made
MAYONNAISE
COLORED
NUCOA
In Vi lb.
Sticks Ib.
37c