BUILDING H IT.
IKSllFtt
Means Home Ownership, and Conse
quent Improvement of Homes
and Communities.
Much has been said in recent years
concerning the material growth of
North Carolina—and indeed there is
much to be said. But after all the mere
accumulation of wealth is not the most
important factor in a state’s develop
ment. Wealth may increase and wel
fare actually decrease. Figures con
cerning wealth increase alone have lit
tle significance beyond indicating a
possibility.
(n order to put true meaning into
such facts we must translate them into
terms of living conditions. Is there any
more general happiness? Are people
jn general—as in contrast to members
of a small fortune group—and happier
Do they live better? Have they any
better homes, better clothing, and
food? Are they able to educate their
children better now than they former
ly could? If these and similar queries
can be answered in the affirmative
then the state is truly prospering.
Status of Home Ownership.
If we du-ect our attention to one of
these factors, that of home ownership,
we find that according to the 1920
census North Carolina ranks far from
the top in this respect. Her place is
twenty-eighth. A trifle over fifty-two
per cent of the North Carolina homes
were rented. Our position may he part
]y explained by the large number of
negro tenants in the state.
Making a comparison between North
Carolina and her neighbors where the
conditions are similar we find that she
makes a better showing. She ranks
above any of the Southern states to
the south of her. In Maryland fifty
percent of the homes are rented; in
Virginia forty-nine percent; imTen?
nessee fifty-two per cent; in South
Carolina sixty-eight per cent and in
Georgia sixty-nine percent.
Improvement in Home Ownership.
It is also true that North Carolina
has made some improvement in the ten
year period between 1910 and 1920.
burin'g this same period North Caro
lina was one of the three states show
ing a decrease in the percentage uf
mortgaged homes.
One of the most important agencies
i nthe United States in helping tose
who desire to own their homes r.re the
numerous building and loan associa
tions scattered all over this country.
It is perhaps not a mere coincidence
that Philadelphia is known as the city
of homes. The explanation may be
found in the fact that the first building
and loan association in tis country
was established there; and the idea
once started has grown steadily until
today and the building and loan asso
ciations of Philadelphia are among
the most flourishing in the United
States.
Spread of Building and Loan.
From the small beginning made in
Philadelphia less than a century ago
the movement has spread until today
there are more than 10,000 local asso
ciations with compined assets of more
than $:?,300,000.000.
This movement is of great interest
0 sociologists as well as economists,
It is one of the few instances of co
operation which has not only lived bu\,
grown. There have 'been isolated fail
ures here and there—and these are
very rare—but the plan has stood the
test of time.
Nature of Building and Loan.
There are two outstanding charac
teristics ot building and loan associa
tions: first, they are local in scope.
1 here are no national building and
loan associations. Second, they are
purely cooperative. There are no
stockholders to make profits. The as
sociations are usually administered
very economically, there being few'
paid officials. Because of its coopera
tive nature the associations are able
to secure much valuable advice with
out cost. The plan of operation is rath
er simple.
i unctions of Building and Loan.
These associations perform two dis
tinct functions. They afford a conven
ient method for people to make small
fyftematic savings at intervals of
week or month. A “member” may
elect to pay in an amount most con
venient to him. They are usually in
multiples of twenty-five cents. These
payments—o rdeposits—are credited
to him and interest is paid on them.
At the end of a stipulated time, six
and a half years for example, the
member draws out what he has paid
i:i plus the interest thereon, usually at
six per ce nt.
The other function is lending
money to those who have bought a lot
and wish to build a home. The associa
tion will lend the money securing'
themselves by a mortgage on the
property. At the time the loan is made
the borrower becomes a member of
the association and begins making
weekly payments into a savings fund
as previously described. This consti
tutes a sinking fund and his monthly
payments are so fixed that they to
gether with the interest on them will
amount to the loan by the time the
loan is due. Interest in the meantime
is paid on the loan and this is paid in
monthly installments also.
Growth of Building and Loans.
The importance of building and loan
associations to the advancement of
North Carolina may be estimated from
the fact that in 1923 they helped build
ov'er 6.000 homes valued at more than
‘ $17,000,000. That year they loaned in
all $21,500,000. Some idea of the prow-1
ing importance of these associations to
out state is shown by a comparison of
the assets. In 1904 they were $2,542,
800; in 1914, $12,703,300; and in 1923
$56,800,000.—J. Merritt Lear.
The overhead with which industry
is most concerned is a fair business
sky.—Norfolk Virginian-Pilot.
Intelligence is recognizing your lim
itations and then staying inside them.
A blind man is a candidate for may
or of an Indiana city. He may do if lie
doesn’t insist on a blind chief of po
lice.
The trouble about keeping boys on
the farm with tractors is that none
of them will do over ten miles an
hour.
“What is business honesty?” A
magazine writer asks. It’s selling
goods for all they are worth and no
more.
The new attorney general urges
college men to be public officials
w.thout vice. He talks like we didn't
have any now.
France is having a financial crisis,
the same as that impending in every
household when the new spring mod
els come out.
Newspaper editors will not put the
cross word puzzle and sport news on
the same page, if they want to pre
vent family discord.
What has become of the old-fash
ioned man who objected to raising
the windows because he coulun t hear
the whole outdoors?
In its recent special session the
senate ratified nineteen treaties of
peace, not counting the one that came
when the senate adjourned.
Houdini, world’s greatest lock
strategist, takes no exercise. And lit
scarcely needs any if he does all the
press agents claim for him.
The American fleet leaves San
Francisco this months to attack
Hawaii, but when the attack is made,
the fleet will have its fingers cross
ed.
Advance In Textile Hank.
(From Charlotte Observer.)
An official statement from the
United States Census office shows
that the Southern States and coun
ties moved forward rapidly in rank
in the textile industry. Rhode Island
shows a decrease in cotton spindles
as did most of the other New Eng
land States.
While Massachusetts still holds
first place in the number of spindles.
North Carolina, the second state,
gained rapidly during the past year
and close dwith nearly six million
spindles. Of the 73 counties v/ith
more than 100,000 spindles, 21 are in
North Carolina, 14 in South Carolina,
8 in Georgia and 5 in Alabama. Gas
ton County, in North Carolina, has
more ihan 500,000 spindles.
STOWE BROTHERS
New
MEAT
and
FISH
Market
NOW OPEN AND SERVING THE PUBLIC
We appreciate the patronage of Shelby’s citizens since our
opening Saturday, April 18th and orders continue to come over
PHONE 58 7. _
Let us give you and your friends genuine SERVICE. OUR
QUALITY is the BEST.
We want to prove this to you—Just Phone 587. Tell us what
you want. Our delivery system puts your order there on time.
A FEW SUGGESTIONS — EVERYTHING ON DISPLAY
Choice steaks (Sirloin, Tenderloin or Round.) Pork Sausage
(strictly pork.) Veal chops, ham, eggs (country,) Breakfast ba
con. Butter. Fresh Fish. Chickens, Celery, Lettuce, etc., etc.
OUR PRICES WILL HOLD YOUR BUSINESS
At your service— |
J. L. STOWE, Manager, |
B. T. FORD, Meat Cutter \
A* E. GREGORY, Salesman
—Location—>
LINEBERGER BUILDING
(Next To Western
Union.)
ABUNDANCE
* * * ■*>**£; * * ; v..
9y* Wf*.
Only^ One-Third of Farm
Land Tilled *
■>■ V
rttQPS A
A
&
s /
&
HARVESTEO
CROP
'Ar
365.000.0CX?
it
ARID AND
SEMI- ARID
PASTURE
£3
587,000,000
FOREST LAND
NOT PASTURE 0
v 746,000,000
HUMID . „
PASTURE /FOREST
231,000,000. / LAND
i\\ /PASTURED
JLX>\ I2Z7.000.000.
DIAGRAM SHOW I MG IlOW THE LAND AREA OF THE UNITED
STATES IS DIVIDED
DON'T worry about the United
States running short of meat
and groceries as the country
grows larger. *.
Folks supposedly "In the know"
have prophesied that in a few years,
with population increasing at its
present rate. America's supply of
agricultural products won't be
enough to feed her people and we
must turn to foreign lands for our
farm produce
President Cooltdge made a predic
tion to this effect in his recent mes
sage to Congress
But an extensive survey by ex
perts of the Agricultural L)ei>art
wont's Bureau of Agricultural
Fconomtrs seems to ease all doubts
on that score
Statisticians estimate that by 1950
the country's population will be 150
million ->
COl'LD SUPPORT 210,000.000
The agricultural experts—E. C.
Gray. O. E. Baker. F J. Marschner
and B. O Weilz—found that it will
be an easy matter to supply that
number
They found that in a pinch the
country could support a population
of 300 million'
Thes* showed that there were 973
million acres of potential crop land
in the United States at the time of
the survey « Only^Sfia million acres
of this were bein^ used for produc
tion of crops. This left a surplus of
COS million acres ’in reserve!
A great deal of this surplus mus'.'
of course, lie used for foreats and
pasture. But much of It Is Inter
changeable—that is. It could be used
for forest and pasture In rotation,
and would be Improved by the
process ♦ J*
-Still more of the surplus is now
either too wet or too dry for crops,
but could be put in shape by drain
age or irrigation. «»-»•>• ~ v
This, however, will be scarcely
necessary for many years to come.
The experts figure that by adding
only 3Si million acres to our present
crop land we could not only support
a population of 130 million but could
still devote half our present acreage
to production for export:
i INTENSIVE CULTIVATION
For this 3H million-acre expansion
there are now available 220 million
acres of forest land capable of use
for crops, 1G2 million acres of
medium textured soils which could
be improved by fertilization, and
great stretches of land suitable for1
dry farming, nr ' -»«gp>- *^HNI
The situation, then, sums up ae
We have yet to use all the agrl-i
cultural land now available without
improvement. »•
When this Is used up we can re3
claim millions of acres by irrigation
and drainage. nrtrndfcpa >
And when this Is done we can still
Increase our yield by intensive Clll^
tivailon.
75c Hose Special
This is a real $1.00 hose and a bargain at
the price, but Lam offering your choice in
a variety of new 7 Cl a
colors at . (DC,
HATS in all the Spring and Summer
shades and shapes are coming in every
week, so repeat your visits to look them
over.
DRESSES: Lot of broadcloth dresses
in the pretty styles at attractive prices.
Royal Society stamped goods always
on hand.
Miss M. Black
p
Do Away .With Your Washday Worries
By Sending Your Washing to the
SHELBY STEAM LAUNDY, Inc.
We wash your clothes with Rain Soft
Water and the Mildest and Best of sup
plies. Send us your quilts and blankets*
...We wash them with Ivory Soap.
Wet Wash. Rough Dry. Finished Work.
Phone 18. F. R. Sanders* Mgr.
Report r,f the Condition of
RANK
THE FARMERS ANI) MERCHANTS
BANK,
At Mooresboro in the state of North
( arolina, at the close of business
April C, 1925.
Resources.
Loans and discounts $17$,946.34
Demand loans 24,0C0.< o
Overdrafts, secured, $358.51
unsecured, $829.57 988.08
All other stocks, bonds and
mortgages . 2,590.00
Banking houses, $4,483.27;
Furniture and fix
tures $4,346.95 . 8,830.22
All other real estate
, owned 1,200.00
Cash in vault and net anrts.
Due from Banks, Banker*',
and Trust companies 10,741.04
Cash items held over 24
hours - 269,80
Checks for clearing _ 269.70
Expenses 336.80
Tutal $220,232.03
Liabilities.
Capital, stock paid in $ 20,000.00
Surplus fund .. . 3,600.00
Bills payable . . 15,000.00
Deposits due banks, bank
ers, nnd Trust companies 366.52
Deposits subject to check,
individual - _ 62,328.07
Time certificates of deposit,
due in less than 30
„ finVs —- 21,410.49
Cashier’s checks outstand
ing -- - — 696.45
Time certificates of deposit,
due on or after 30
days — .. .96,830.50
1 otal - • $220,232.03
State of North Carolina—County of
Cleveland. April 18th, 1925.
I, Willie Greene, Assistant Cash
ier of the above named bank, do sol
emnly swear that the above statement
is true to the best of my knowledge
and belief.
WILLIE GREENE, Ass't. Cashier.
Subscribed and sworn to before me,
this 18th day of April, 1925.
A. \ . GREENE, Notary Publie.
Correct—Attest:
W. A. MARTIN,
R. C. MOORE,
Z. R. WALKER, Directors.
Mrs. L. M. McSwair of Earl spent
Friday night in Shelby with Mrs. Will
Griffin.
Hawk-eye.
Our language changes. Pedestrian
once meant one who walks. Now it
means one who runs and jumps.—Co
A man connected with the Ameri
can film industry has been arrested
in London. If he is the fellow who
writes their film captions we are only
surprized that this didn’t happen be
fore.—Punch.
Report of the Condition of
THE PEOPLES BANK,
At Waco in the State of North Car
olina, at the clone of business, April
6, l'.*25.
Resources.
Loans and discounts _1.$95,190.29
Overdrafts, unsecured _ _ 140.41
C. S. Bonds and Liberty
Bonds. . 3,331.68
Banking houses, $1,200.00;
Furniture and fix
tures, $1,722.41 2,922,41
duo from banks, bankers,
and Trust companies 1G,105.53
1 Total .. _ $117,600.27
Liabilities.
Capital stock paid in ..__ $ 5,000.00
Surplus fund _ _ 3,500.00
l ndivided profits, less cur
rent expenses and taxes
' pai<1 - — 565.95
Deposits subject to check,
individual _ 37,961.59
Demand certificates of de
, p''sit, - 69,981.73
(,?ish?er*s checks outstand
, m>r 241.00
Accrued interest due deposi
tors ~ — — 350.00
Total ; - - — $117,600.27
Ntate of North Carolina—County of
Gaston, April 16th, 1925.
I, A. C. Beam, Cashier of the above
named bank, do solemnly swear that
the above statement ‘is true to the
best of my knowledge and belief.
A. C. Beam, Cashier.
Subscribed and sworn to before me
this 16th day of April, 1925
DAVID P. DELLINGER, Notary
Public.
Correct—Attest:
A. W. BLACK, ~
A. J. PUTNAM, ^
B. A. PUTNAM, Directors.
The Griffons
Of 1925
“GLORIFYING” THE
AMERICAN MAN Wp
Possibly you might shy away from
the thought of being “glorified.” ^
But—glorification in the Griffon way
does not imply any whirl of Urban
colors, wild and wierd patterns or '
designs. \
Griffon Clothes glorify the wearer in
subtler fashion. The finest of tailor
ing, the most carefully chosen pat
terns, the choicest of cloths are blend
ed into an harmonious whole—*.
Spring versions are now awaiting
your inspection and approval. Priced
at $20.00 to $45.00. \
New Spring Oxfords, Shirts, Ties,
Belts and Union Suits.
If its good and man wears it McBray
er has it. V
Business is good at this store. \
Evans E. McBrayer