PUBLISHERS
Gordon H. Greenwood
George W. Dougherty
EDITOR
. Gordon H.
PRESSMAN
Partner
Partner
Greenwood
Herman L. Talley
SOCIETY EDITOR
Mr». Elizabeth Dinwiddie
MECHANICAL SUPERINTENDENT
. George W. Dougherty
LINOTYPE OPERATOR
. Roy L. Russell
MEMBER
WESTERN NORTH CAROLINA PRESS ASSOCIATION
SUBSCRIPTION RATES
Buncombe And McDowell Counties $2.00
Outside Buncombe And McDowell Counties $2.50
Entered as Second Class Matter September 13, 1945, at the
Pest Office in Black Mountain North Carolina, under the Act
of March 3, 1879
For A Third of A Century ....
The armistice had just ended World War
I. Kaiser Wilhelm’s storm troopers, 1918
vintage, had just quit cold to retire beyond
the home borders, and the victory celebra
tion was still just a plan in the mind of
some energetic soul when a man born in
the flat country of Middle Tennessee put
in his appearance to take over the position
as bookkeeper at Blue Ridge Association.
The date was January, 1919. the man
Herbert W. Sanders. Today, 34 years later,
he has stepped down after a successful
career as bookkeeper, business manager,
and finally resident manager. For one year
during the war he operated the assembly
alone.
A career that has had a part in shaping
the lives of hundreds of the South’s finest
young men and young women who have
come here to serve on the junior staff at
Blue Ridge, needs no words of praise to
make it complete. But to let it go unnoticed
would be, to our way of thinking, a sad
mistake.
The 34 years at Blue Ridge have not been
without their trials and troubles. They have
not been years without problems. But what
ever the situation it has been met by the
man who had a job to do and did it without
regard to the number of hours required.
Through the years so close w'as his as
sociation with Blue Ridge that the thousands
who come here each summer, as well as the
citizens of the community, came to think
of the tv.~ almost as one. “Herb” Sanders
and Blue Ridge were synonymous. And
both were highly regarded.
Even though his principal task was at
Blue Ridge, Mr. Sanders found plenty of
time to devote to civic and religious affairs
of the community. No good cause was ever
turned aw^ay and no worthy plea went un
answered.
Mr. and Mrs. Sanders have meant much
to the community and the community is
happy that they intend to remain here and
make this their permanent home. After
all 34 years is pretty permanent.
Someone has said “A successful life is
a life of service.” Yve should like to join
the thousands who have come to know Mr.
and Mrs. Sanders during their third of a
century at Blue Ridge in saying “‘Congrat
ulations. You have been more than suc
cessful. All the best for the future.”
KIDD BREWER'S
MAIL—Most of Gov. William B.
Umstead’s mail nowadays is con
cerned with recommendations for
the various appointments which he
Will be making between now and
July 1.
The Governor is scheduled to re
turn to his office the latter part
of next week. The principal du
ties facing him—other than greet
ing the scores who happen to
“drop in for a brief chat”—will be
making final decisions on the ap
pointments.
Many of them will be of the
sugar plum variety, but the vast
majority of course will be to
boards and commissions. We were
talking to a friend the other day
about the vast quantities of mail
reaching the Governor advising
him as to the proper persons for
the vacancies. He estimated it
would run into the thousands of
pieces.
You see, if a Governor is in the
office each day, the delegations
can pour in upon him. The fact
that William Umstead has been ill
has increased his mail tremend
ously.
Here is hoping callers will try
to stay away from the office until
the Governor is thoroughly recov
ered.
MILK—Nobody seems to know
yet just what the powers of the
new Milk Commission will be. And,
to muddy further the water, there
may be a test of the entire consti
tutionality of the law. While they
are not saying much about it, there
is a group even now considering
making this move.
A court test, plus a possible in
junction here and there, could de
lay the operation of the milk law
for many a moon
Meantime, however, both sides
in the bitterly contested legisla
tive battle are lining up their
choices for members on the com
mission. News on this could break
any moment.
EQUALIZATION — Decision ef
the Senate a few days ago to give
the states concerned tidelands oil
recalled to many North Carolina
educators of yesteryear the Old
North State’s decision on the mat
ter of educating its youth.
Those favoring Uncle Sam’s
owning the tidelands oil saw its
possession by the Federal Govern
ment as the one sure opportunity
to achieve equality in educational
advantages in the United States.
Our State in legislative acts of
1925 and 1927 paved the way for
a child in tax-poor Dare County
to have the same educational op
portunities as a child in wealthy
Guilford. We said that children
aren’t responsible for the place of
their birth or raising and that we
should not permit children in the
poor areas to grow at a disad
vantage.
So it was that the old Equaliza
tion Board was established in 1927.
This was a step in the right direc
tion. We were follow-ing merely
the great goal established by Gov
ernor Aycock: the equal right of
every child to burgeon out all that
lies within him. He said that
equal is the word.
Then, in 1933, the State took
over the schools and equality
ceased to be merely a goal at
which to aim. Now, as North
Carolina counties were 30 years
ago so are the states today. There
is no comparison in the education
al advantages provided the chil
dren of Alabama, for instance, and
those provided those of, for in
stance, Pennsylvania.
When the Federal Government
moves boldly into the educational
picture—and it is only a matter
of time until it does—these tre
mendous inequalities will be abol
ished. Last week you read, fin
ished reading, the first chapter in
the huge book on Tidelands Oil.
The decision which will finally be
made will determine to a great
extent the general direction in
which education of national im
portance will flow during the next
century.
Although most of the Southern
senators, including both our own,
voted against Uncle Sam on the
subject, the South has more to
gain from Federal ownership of
Tidelands Oil than any other re
gion of the nation.
And, as for North Carolina, we
decided the course we would take
20 years ago this month. The
counties traded some measure of
independence in education for
school plants and opportunities of
which they hardly dared to dream
50 years ago. Equality became
the word.
No region of North Carolina
would go back to school conditions
of the 20’s. That’s why we are all
watching with interest the final
outcome of the battle of Tidelands
Oil . . . as we prepare to take
further giant strides towrard Equal
ity, the foundation stone of true
democracy.
DUPLICATION? . . . You won’t
be reading much about it for sev
eral months yet, but our inform
ation is that Agriculture Secretary
Ezra Benson is now setting up a
special committee to study over
lapping duties of county agents,
their assistants, and those of vo
cational agriculture teachers. The
same study w'ill include home
demonstration agents and home
economics teachers.
Special questionnaires on the
project are now being prepared
and will be distributed within 60
days.
SALES TAX—Our Washington
advisors tell us on the quietus that
Treasury experts are now looking
hard in the direction of a Federal
Sales Tax as a producer of reve
nue.
You can find Democrats in
Washington right now—and some
Republicans—who will bet you ten
to one that a Federal sales tax
will be enacted early in 1955 if
the GOP has not suffered serious
Congressional losses in the general
election in November of 1954.
Should a Federal sales tax be
put into effect prior to 1955, there
is a good chance the Legislature
would meet in special session for
adjustments, etc. as between the
N. C. sales tax of three per cent
and that of the Federal, which
is now expected to be at least
five.
NOTES—With more than two
weeks still to go on this year's
term, want ads begging for teach
ers have already begun. The
shortage of teachers is much more
serious than we like to admit . . .
and every month we are pulling
into better-paying North Carolina
teachers from S. C., Ga., Ala., and
other states of the Southeast.
Many of Kerr Scott’s friends
who have been sure we would op
pose U. S. Sen. Willis Smith are
not so certain now after the Scott
statement pointing to his need for
money, and “other considerations,”
the opposition of Mrs. Scott, and
the apparent lack of money-raising
interest in his possible candidacy.
But Willis Smith, anticipating
opposition, has already reserved
campaign headquarters at the Ho
tel Sir Walter.
Some leading Democrats, includ
ing a half-dozen of the more prom
inent legislators, are predicting
Governor Umstead’s bond issues
will not pass. This may mean that
solid Umstead support is cracking
SECRECY—Recently, one of
Governor Umstead’s closest friends
and advisors was called to the
Mansion to advise and counsel with
the Gov. on appointments. When
he entered, he was sworn to secre
cy. When he departed, he was
again sworn to secrecy and remind
ed that in the event any informa
tion got out, he would be held
responsible.
Once outside the Mansion, he
thought of what had transpired, of
the warning, his being cautioned
on secrecy, being held responsible,
etc. for any leaks. He scratched
his head, thought hard, and for
the life of him could not think
of anything he had heard inside
worth telling—-or keeping.
LETTERS
TO THE EDITOR
THANKS CONTRIBUTORS
May 4, 1953.
Black Mountain News,
Black Mountain, N. C.
Dear Editor:
The Chamber of Commerce
booklet, out today, which describes
the advantages of year-round liv
ing in Black Mountain, is the re
sult of the effort of many persons
in this community. As chairman of
the committee which prepared the
booklet and on behalf of the Cham
ber of Commerce I would like to
take this way of thanking all those
whose splendid cooperation made
it possible.
The pictures were obtained from
Ellington Studios, Edward DuPuy,
Jr., and Elliott Lyman Fisher. We
are indebted to Otto Lindstead of
Swannanoa for help in selecting
and preparing the pictures for the
printer. His many years’ profes
sional photographic experience
with General Motors and other
corporations was most helpful. We
want to thank Dr. S. S. Cooley
for the fine relief map which he
prepared and contributed.
The manufacturers, hospitals,
assemblies and colleges and their
personnel were most helpful in tell
ing their story in very condensed
form. Among individuals contri
buting information for the book
let were: R. S. Eckles, Finley
Stepp, G. C. Carson, Owen Walk
er, Ray McSwain, Fred Lucas,
Charles Spencer, Mrs. William Hol
comb, and M. E. Rondel. Those
who contributed their time and
skill to prepare and edi tthe copy
were Dr. Frank H. Richardson,
Gordon Greenwood, and Miss Mary
Walters.
A special kind of thanks should
go to the writers of the testimon
ial letters published, for theirs is
a continuing job answering indi
vidual letters as they may be re
ceived. Gorman Matffison, pub
licity expert from Charlotte, and
Elliott Merrick, eastern states ed
itor of the US Forest Service, do
nated their professional skill in
giving the form to the booklet and
a final check on everything before
the printer received it.
It is a pleasure to work with
others in such a project as this
when there are so many in the
community willing and aide to co
operate.
Sincerely yours,
H. McGuire Wood.
Folks who sez things before
they thinks is usually de folks
who is sorry’ later for what they
sez.
Officers Named
For Garden Club
The Black Mountain Garden
club held their annual meeting
at the community club, fifty mem
bers and guests enjoying a cov
ered dish supper.
The new officers for the coming
year were elected as follows:
president, H. It. Leitenberger;
vice-president. Mrs. Otto Lin
stead; treasurer, Miss Lela H.
Walters: recording secretary,
George Moray; and corresponding
secretary, Miss Sarah Kirby.
The program included the
showing of a sound film of the
Jackson-Perkins Rose Gardens in
Newark, N. J. This rose garden,
the largest in the United States,
has 35,000 roses and is visited by
500,000 people yearly. Particular
ly interesting was the description
of how hybrid tea roses are prop
ogated.
Another unusual feature of the
program was a tape recording on
what should be done in the
garden now. H. R. Leitenberger
had interviewed club members.
These included J. H. Gruver who
was enthusiastic about his spinach,
kale and carrots. He told how he
transplanted the young plants in
early spring. J. H. Bergthold told
of his fine wild strawbery bed.
Mrs. Olga Phillips spoke of her
mustard greens. Miss Lela Zernow,
after telling of their many spring
flowers, said they now had spin
ach ready to eat. Mr. Davis, an
old time gardener, had had good
results by always planting by the
dark of the moon. Miss Ruby Hall
had explained what should be
done for laurel bushes whose
leaves had dark spots. They should
be dusted with precipitated sul
phur. Mrs. H. McGuire Wood,
whose hobby is a wild flower
garden, told of how such a garden
could be developed.
The last item on the record
ing were solos by Mr. Newman,
a baritone accompanied by Mrs.
Newman. Mr. Newman has sung
in the Metropolitan Opera. The
last number, The Lord's Prayer,
being beautifully rendered. Mr.
and Mrs. Newman live in Skokie,
m.
The next meeting of the club,
June 12, will be held at the home
of Mr. and Mrs. .T. H. Leiten
berger on Farm School road.
More About—
Sanders Retires
From Page 1
vice to the young people of the
South, the retiring resident man
ager, who married Miss Lyda Bell
of Murfreesboro early in his
career, lists as one of his most
gratifying experiences the oppor
tunity of associating with the out
standing young men and women
of the junior staff.
“The junior staff at Blue Ridge,
comprised of college boys and
girls, numbers into the hundreds,”
Mr. Sanders pointed out. “It has
been a most pleasant experience
to have been associated with this
group for the past 34 years.”
Many of these staff members
have been very’ successful in the
business and professional world
and now hold responsible posi
tions. Among them are Senator
John Sparkman of Alabama, vice
presidential candidate last year,
a vice president of a major air
line, a supreme-court judge of
Louisiana, youngest in the state,
and in the YMCA field, national
and international staff members,
local secretaries and many others.
Mr. Sanders has definite plans
for the future. He’ll remain at
Blue Ridge where he and Mrs.
Sanders will occupy the same
home in which they’ve lived for
the past 16 years. They’ll be on
hand to greet their friends who’ll
start arriving with the conference
groups on June 1.
The retiring resident manager
has served the community in many
capacities during the past years,
both civic and religious groups.
He is a member of the board
of stewards of the Methodist
church, chairman of the church’s
finance committee, past president
of the Lions club, past district
governor and now international
counsellor, member of board of
directors of the Black Mountain
Chamber of Commerce for the
past 16 years, former memoir of
the Boy Scout council, and for
several years has served as chair
man of the Black Mountain re
creational committee which was
recognized nationally for its work
some years ago because of its
uniqueness.
Du Jig World War II he was
a member of the Black Mountain
ration board.
PTA Officers
To Be Installed
Here Next Week
New officers of the Elementary
School PTA will be installed
Thursday, May 21, at 7:30 p. m
in the school auditorium.
Final committee reports for the
year will be made that evening
and new committee chairmen will
be announced by Fred Higgin
botham, the incoming president
of the organization. Others who
will be installed are Mrs. Gordon
Greenwood, 1st vice-president,
Mrs. C. W. Konrad, 2nd vice
president; Mrs. Arthur Smith,
secretary, and Frank Watkins,
treasurer.
Officers for the coming school
year will meet with this year’s
executive board tonight at 8
o’clock at the home of Mrs. R.
T. Greene, president.
BLOODMOBILE WILL
BE AT PRESBYTERIAN
CHURCH TODAY
The Red Cross bloodmobile
will be at the Black Mountain
Presbyterian church today
(Thursday) from noon until
= p m. One hundred donors
between the ages of 21 and
59 are needed to fill the quote
of 100 pints of blood for this
visit ol the bloodmobile.
More About—
Club Honored
From Page 1
Mrs Whitaker attended a Jr.
luncheon at the Cape Fear hotel
in Wilmington, with Mrs. Henry
L Harkey presiding.
On Thursday evening all Jr
club members were honored with
an informal party at the Landis
hotel. „ ..p-,
On Friday evening Mrs. V hit
aker led the procession for the
Elation of officers and later
attended a reception honoring Mrs.
W. B. Umstead.
The American Home and t ivic
club and Jr. Woman’s club of
Black Mountain received outstand
ing honors, with the American
Home and Civic club winning 2nd
place on Scrap Book awards and
the Jr. Woman’s club winning
3rd place. The Jr. Woman’s club
won 1st place on their Year Bonk.
The Jr. Woman’s club won 2nd
place in the state on the Child
ren’s Home Society contest, and
the American Home and Civic
club was presented a certificate
of awards from the Children's Home
Society of N. C. for outstanding
sendee to homeless babies of the
state.
The Sr. and Jr. Sorosis clubs
of Wilmington were hostess clubs
foi the convention.
Town Board Has
Busy Evening
The privilege license ordinance
was adopted on the first reading
with no increase in rates by the
board of aldermen Tuesday even
ing. Mayor G. L. Kirkpatrick pre
sided.
The board certified the results
of the town election and voted
to rent the club house to Ray
mond Peek at a fee of S20 per
night for square dances during
the summer. The resignations of
two members of the town library
board, Cecil Nanney and Mrs.
Rush Whiteside, were accepted
with regret.
At the swimming pool this
summer Shirley Mull will be
ticket taker. H. B. Wilson was em
ployed some time ago as care
taker. Jimmy LeVine will be life
guard.
Hurley Brandon applied for and
was granted permission to operate
four taxis under the name of
Safety Cabs. He purchased the
business from Boyd McDonald.
The problem of speeding was
discussed and the board asked
that signs be erected calling at
tention to the speed zone. The
laws will be strictly enforced.
George E. York
Is Promoted At
Fort Belvoir
FORT BELVOIR, VA.—George
E. York, son of Mrs. Faye B.
Quinn, Black Mountain, N. C., was
recently promoted to corporal
while serving with the 71- Anti
Aircraft Artillery Battalion at Fort
Belvoir, Va.
The 71st AAA is part of the
air defense forces providing
security for the vital Washington,
D. C. area.
Corporal York, a radar operator
in the battalion’s Battery C, at
tended Black Mountain High
school before entering the army
in April, 1951.
More
Reflections
From Page 1
several more such fish in the
vicinity. Perhaps we should say
"were several more", since the
prize catch seems to have given
considerable encouragement to
other fishermen of our acquaint
ance."
GIRL SCOUT DAY CAMP TO
BE AT RANGOON LODGE
The Girl Scout day camp will
be held at Rangoon Lodge July
6 through the 9th and July 13
through the 16th. Girl Scouts and
Brownies must register with their
leaders before June 1. After
this date the camp will be open
to non-scouts if the quoto is not
reached.
Miss Enid Ayers of the Ashe
ville Girl Scout office will direct
the camp assisted by local women.
As more helpers are needed any
woman who wishes to assist please
call Mrs. Anne Harrison at 5693.
At a meeting Monday of lead
ers and assistant leaders plans
for the camp were discussed. A
training course for those helping
with the camp will be held May
20 from 9:30 a.m. to 2 p.m.
CO-WORKERS CLASS
MEETS FRIDAY
The Co-workers Sunday school
class of the Methodist church will
hold their monthly meeting and
covered dish supper in the fellow
ship room of the church at 6:30
Friday evening.
All members and friends are in
vited to eome and bring a covered
dish.
CHURCH NOTICES
BLACK MTN. CHRISTIAN
CHURCH CALENDAR
M. J. Jeffers, Minister
All services are held in th<
Junior Order Hall. Bible Schoo
each Sunday at 10:00 a m. Glenr
Morgan, superintendent.
Worship service, 2nd and 4t!
Sundays, 11:00 a. m. Fellowshij
dinner for members and friend
of the church, first Wednesday it
the month. 6:30 p. m. Christiai
Women’s Fellowship. 2nd Monday
7:30 p. m.
BEE TREE CHRISTIAN CHURC1
M. L. Jeffers, Minister
Bible School. 10:00 a. m. cacl
Sunday. Mac Carson, superin
tendent. Worship service. 1st am
3rd Sunday, 11:00 a. m. Women'
Council, 2nd Wednesday in cacl
month. Official Board meeting th>
first Sunday following worshi]
service.
CHURCH OF GOD
MOUNTAIN ASSEMBLY
The Church of God Mountaii
Assembly extends a hearty wel
come to the public to attend churcl
services at 125 Cherry street.
Prayer meeting is held eacl
Wednesday night at 7:30 o'clock
Sunday school at 2 p. m. an<
church service at 3 p. m. The Rev
Loyd Camp is pastor. Everyon*
is welcome. Mrs. Ada Frady i
state secretary and treasurer.
regular servic
Sunday schoc
FIRST CHURCH
OF CHRIST SCIENTIST
North French Broad
Asheville, N. C.
Schedule of services:
Sunday:
11:00 a. m.
11:00 a. m.
Wednesday:
Regular service 8:00 p. n
Second Sunday of each mont
regular service 5:00 p. n
Subject for Sunday, May 17, 1953
“Mortals And Immortals” is tli
topic of the lesson-sermon in a!
Churches of Christ, Scientist, nex
Sunday.
The Golden Text is from Ron
ans 8:6 “To be carnally minde
is death; but to be spirituall
minded is life and peace.”
Passages from the Bible include
“Thou wilt keep him in perfec
peace, whose mind is stayed o:
thee: because he trusteth in thee.
Isaiah 26:3.
And from “Science and Healt
witli Key to the Scriptures” b
Mary Baker Eddy, "To be in
mortal, we must forsake th
mortal sense of things, turn fror
the lie of false belief to TrutI
and gather the facts of being fror
the divine Mind:” p. 370.
H. A. (DOSS) KERLEE
LIONS SPEAKER TONIGHT
H. A. (Doss) Kerlee will tali
on town government as it existei
during the “Old Days” in Blacl
Mountain at the Lions club me H
ing Thursday evening at ill
giammar school cafeteria.
R. T. Greene, Town of Blaci
Mountain business manager a
present, will tell how the syster
operates today. A question an,
answer period will follow.
Dr. F. II. Richardson is pro
gram chairman.
FIRST BAPTIST CHURCH
HOMECOMING MAY 31
Homecoming will be observe*
Sunday, May 31, at the Blacl
Mountain First Baptist church
Pastor W. A. Huneycutt has an
nounced.
All friends as well as member
are invited to bring a picnic din
ner and enjoy the fellowship
There will be dinner on thi
grounds at noon.
There will be no afternoon ser
vice. This time will be given t<
fellowship.
MEETING SCHEDULE
SWANNANOA LODGE
Swannanoa Lodge No. 561 AF &
AM, stated communication firs
Thursday each month, Masonii
hall, old post office building
Arthur R. Cannon, master.
ORDER OF EASTERN STAR
Black Mountain Chapter No 200
first and third Tuesdays of eael
month, 7:30 P.M. Mrs. Addi.
Gaskins, W.M.
Sw’annanoa Chapter No. 132 meet'
second and fourth Thursday
Masonic hall. Mrs. Margare
Kelly, W.M.
JUNIOR ORDER UNIT
AMERICAN MECHANIi
Black Mountain Council N
Every Monday at 7 30
Harvey D. Melton, Sr., Cot
MASONS
Black Mountain Lodge N<
AI & AM. Stated Commun
dm1 Ilr!ciay of each montl
PM. John Boring, Master.
Swannanoa Camp 97(
WOODMEN OF Till w!
Swannanoa Camp 970 Wo
of the World meet fourth \\
7 0? fJ M- Woodmen
Buckner building, Swannano
\\ right, council commande
Boys of Woodcraft, every ft
night, 7:00 P.M., W.O.W.
rp, .. . <^DD MEETINGS
The D.A.V. meeting will b
2*h and third Mond,
each month at the main er
AllMm0IV A hospital at 6:3
All members are cordially
mandef W’ R‘ CoPela"*
Poet’s Corner
Conducted by
Anne K. Sharp, Chairman,
Creative Writing Group
mother
She never touched, with skillful
i brush, the canvas
And left a picture that the world
might praise;
Or, with inspired fingers on the
keyboard,
Sent down with eyes tear-stained,
yet looked upward,
' With smiling almost to the vale
of shadows
1 To being a little new-born soul
from God.
! She never sang a song of joy or
sadness
! In clear, sweet tones to make us
smile or weep;
’ Her voice too weak to win the
world’s approval,
Was only to hush a habe to sleep;
She never penned a book whose
glowing pages
1 Might lift us up and help us
in the fight.
; But day by day, she sought with
1 loving patience
“ To guide two little stumbling feet
’ aright.
And yet mayhap, when at the gate
of Heaven
She paused, God looked at hei and
smiled; .
1 With hands outstretched, His kind
voice spoke a welcome
1 To her, the mother of a little child.
-Anonymous.
1 Read Tennyson's “Mother” and
Grace Noil Crowell’s
I'a>' ’—two poems your
would have used had s!„ ’0
to secure permission f - e
publishers. «
Anne Kendrick Sh;t
Chm. Poet’s Corne'
Creative Writing ,
I THE WASH’lTsHlUr
I SELF-SERVICE LAI Ndry
Now On Highway 7fl
Swannanoa, N. ^
$1,75010
U. S. SAVINGS
BONDS
Nothing to buy—jUst
register at Mac's dur
ing May and June
MAC'S TIRE &
SUPPLY CO
AUTO PARTS 3. ACCESSORIES
Household Appliances
Hardware - paints
Sporting Goods - Wheel Goods
Swannanoa, N. C. Ph„n,. 7283
I
report of the condition of
Swamutnon Bank & Trust Co.
At Swannanoa, North Carolina
To The Commissioner of Banks
At the close of business on April 20, 1953
ASSETS
1 Cash balances with other banks, including reserve bal
ances. and cash items in process of collection
United States Government obligations, direct and
i guaranteed .
• Obligations of states and political subdivisions
: (N. C. Bonds) ,
“ Loans & Discounts (including no overdrafts)
* Bank premises owned $3,662.45
t iBank premises owned are subject to no liens not
assumed by bank)
Furniture and fixtures LOO
1 Beal estate owned other than bank premises
1 Other assets .
TOTAL ASSETS
1 LIABILITIES
l
’ Demand deposits of individuals, partnerships and
corporations .
i Time deposits of individuals, partnerships, and corp
orations
Deposits of United States Government (including postal
savings)
i Deposits of States and political subdivisions
Other deposits (certified and officer’s checks, etc.)
1 TOTAL DEPOSITS $975,351.66
Other liabilities .
TOTAL LIABILITIES (not including subordi
nated obligations shown below)
$ 302.850.1
145.000.1
99.6421
548.370.1
- 3.663 -
390.1
SI.099.917.;
$ 540.294.!
402,194.1
760.1
30.000.C
2,102.1
9.329.C
$984,680.6
CAPITAL ACCOUNTS
c
1 Capital* 25.000.0
c Surplus 60.000.0
* Undivided profits 30.236.5
TOTAL CAPITAL ACCOUNTS 115.2365
. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $1,099,917.2
♦This bank’s capital consists of:
Common stock with total par value of $25,000.00
, Total deposits to the credit of the State of North Carolina or an;
official thereof . . S 25.000.0
MEMORANDA
Assets pledged or assigned to secure liabilities and for
other purposes . $ 25.000.01
1. Roy W. Alexander, Cashier of the above named bank, do solemnl]
swear that the above statement is true, and that it fully and correct!]
1 represents the true state of the several matters herein contained an<
’ set forth, to the best of my knowledge and belief.
ROY W. ALEXANDER, Cashier
Correct—Attest:
s D. W. Harrison
George W. Craig Directors
J. H. Smith
State of North Carolina, County of Buncombe—ss:
SEAL Sworn to and subscribed before me this 5th day of Ma]
, 1953, and I hereby certify that I am not an officer or d
rector of this bank.
VIVIAN P. NICHOLS, Notary Public.
My commission expires 7/24/53
Joe Porcher’s Garage
Phono AAdl «■_.inna. N