HERALD MYSTERY FARM NO. 20 — Can you
Identify this farm? If you can you are invited to
telephone the Herald office (phones 167 or 283)
and enter your guess. Deadline for the contest is
Friday at 6 p. m. Winners of four theatre tickets
will be announced in The Herald next week.
No one knows the identity of the above farm,
not even the photographers. The owner is re
quested to supply identification of his farm at the
newspaper office and when he comes by will re
ceive an aerial photograph of bis farm. (Photo
by Zekan-Robbins, Harlan, Iowa.)
Watterson Dairy Farm On Cherryvilie Hoad
Was Mystery Farm; Dewitt Randall, Operator
_ ^------ -
Herald readers found identifi
cation of Herald Mystery Farm
No. 19 not too difficult as 49 read
ers submitted correct entries, i
dentifying the farm as Mrs. J. W.
Watterson’s dairy farm on route
onfe.
Winners of complimentary tic
kets to Joy Theatre are Mrs. Her
man Blalock, Pat McDaniel, and
Jane Hayes, all of route 2, and
Mrs. A. L. Putnam, of route 3.
Passes were mailed to the win
ners on Saturday. None of thfe
four winners this week have won
passes in the farm contest before.
Any reader may enter the farm
contest by entering his gutess on
the mystery farm by telephoning
the Herald office (phone 167 or
283) by Friday at 6 p. m. All per
sons’ names are placed in a hat
for the Saturday morning draw
ing, and passes are given to win
ners via the drawing. All entrants
are listed in the newspaper.
No one knows the identity of
the farm, not even the photo
graphers. The Herald is relying
on its readers and the ownfer of
the farm to supply identification
of the farm pictured in each
week’s edition. When the owner
comes by the newspaper office to
idtentify his property, he is given
a free aerial photograph of his
farm from the Herald.
Mrs. Thomas Meacham, a mem
ber of the Herald staff .drew the
winning tickets from the hat.
Other leaders correctly identi
fying thle farm, the 19th in the
Herald series are:
Hall Goforth,' Mrs. Bill Mc
Daniel, 206 W. Gold st., Bill Mc
Daniel and George Blalock, 104
City st., Mary Lou Wright, Mrs,
Charles E. Blalock, Mrs, Harold
Hord, Mrs. Forrest Hord, Judy
Watterson, Mrs. T. F. Ware, Mrs.
Paul Ledford, and Harold Wright,
ali of route 1, Joel Whisnant, Mal -
tha Randall, Haze] Bolin, Ear'
Spearman, John Lewis Hughet,
Mrs. Earl Sptearman, Mrs. Con
rad Hughes, Mrs. Homer Har
mon, Ray Childers, Conrad Hugh
es, Mrs. Ray Childers, Shirley
Hughes, Mrs. D. L. Sanders, Her
man Blalock, Dathia Sanders,
Ken Randall, Wayne Wells, Steve
Sanders, Carveth Wells, Mrs.
Whitney Wells, Mrs. Wayne
Welis, Whitney Wells, and Jeff
Wells,, all of route 2, and Rae
Falls, Mrs. Sam Bell, Mrs. Wil
liam Wright, Mrs. Henry Foster,
Mrs. Giles Sellers, Henry Foster,
Mrs. Frank Hamrick, Bessie
Falls, Mary Wright, and Mrs.
John B. Plonk, all of route thrtee.
Mrs. Will Watterson was owner
of Herald Mystery Farm No. 19.
She made identification of her
farm Saturday morning when
she came by the Herald office to
pick up the free aerial photo
graph of her farm.
The 100-acre farm is located on
Cherryville highway, route 1.
Mrs. Watterson and her husband,
the late -T. W. Watterson, purchas
ed the farm 13 years ago. Since
that time the home has been com
pletely remodeled, several build
ings added, and operation of a
Grade “A” dairy business begun.
Sixty acres of the land is sown
in permanent pasture. The farm
is operated by Mrs. Watterson,
her children, Billy, 15, and Judy,
10, both of the home, and Dewitt
Ftandail, a son-in-law. who lives
with his wife and family near
the Watterson home.
Another daughter, Mrs. Wil
ard Boyles, lives in Clearwater,
Florida. Mrs. Watterson has one
grandchild, Keith Randall.
The Wattersons are members
}f Oak Grove Baptist church.
Thb retirement pay of a mas
ter after twenty years of active
service is approximately 130
dollars a month. After thirty
years of active service a master
sergeant receives approximately
230 dollars a month.
Many Additions
To Security Roll
On January 1st ;
January 1 was the first effec
tive date for a number of impor- ■
;ant provisions in the 1954 A
mendments to the Social Security
Act. Joseph P. Walsh, manager
of the Gastonia social security
office, reminded that people in
this area should know how they
are affected by these changes,
which were signed into law by the
President on September 1.
About six million more workers
were automatically covered by
social security on that date; ap
proximately four million more
may be brought under social se
curity on an elective basis. Earn
ings up to $4,200 received in a
year are starting to count toward
future benefit payments, and a
beneficiary may get all his insur
ance benefit payments while earn
ing as high as $1,200 yearly. Ap
plications for the new disability
“freeze” could be made beginning
with January 3, first business day
of the new year.
Walsh pointed out that nine out
of ten persons who work for a
living are now in employment or
self-employment that counts to
ward future benefit payments;
coverage is nearly universal.
The largest group of gainfully
employed people in the nation not
heretofore covered by social se
curity has now been brought in—
he 3.6 million self - employed
farm operators. Commencing
January 1, these farm operators
are covered on the same terms as
other self - employed people, ex
cept for special provisions under
certain conditions for figuring
the amount of their net annual
earnings.
A change in the old require
ment that farm workers be regu
larly employed by one employer
means that over two million addi
tional farm employess will start
earning social security protection
for themselves and their families
in 1955. The new provision re
quires only that the farm hand be
paid at least $100 in cash wages
in a calendar year by one em
ployer.
About 200,000 more domestic
employees in private households
are covered by the amended law
because of the removal of the ear
lier requirement that the domes
tic employee work 24 days in each
calendar quarter in any one
household. Now the requirement,
beginning January 1, is the pay
ment of $50 or more cash wages
by one household employer in a
calendar quarter.
About 3,500,000 employees of
State and local governments, ex
cluded up to now because they are
under a retirement system, may
now be brought undert social se
curity if they elect coverage by a
referendum. And members of the
clergy, whether employed or self
employed, may come under the
law as if they were self-employed
persons.
Other self - employed groups
covered for the first time by so
cial security as of January 1,1955,
are professional engineers, ac
countants, architects, and funeral
directors.
Public assistance grants are
based on need. Assets and income
of the applicant and the ability of
close relatives to support him are
taken into account in North Caro
lina in determining need.
EXECUTRIX'S NOTICE
Having qualified as executrix
for the Last Will and Testament
of J. C. Lackey, deceased, all per
sons having claims against said
estate will please file same with
the undtersigned on or before the
16th day of December, 1955 or
this notice will be pleaded In bar
of their recovery.
All persons indebted to said es
tate will please make immediate
payment
Mrs. Mary Ellen Lackey,
Executrix for the estate
of J. C. Lackey
Davis and White, Attorneys
12:16-1:20
• 1 «
Mourning
Alter
THE DAT AFTER a fire...
if you weren't insured . . .
you'll either lose your home
or spend your bankroll (if
you're lucky enough to have
one) rebuilding.
Obviously, it's much better
to be insured. Call on us to
day.
C. E. WAHUCK
Insurance Agency
State College Answers
And Timely Farm Hints
QUESTION: Is there any way
hat I can estimate how much
railk a young cow will givte at
maturity?
ANSWER: Yes. So-called "age
conversion factors” not only can
help a farmer decide whether a
young milk cow is worth keeping
hut also her sire's desirability as
a breeding animal. Farmers can
obtain a table giving the conver
sion factors from U. S. D. A.
QUESTION: Why do eggs pack
ed with large end up grade high
er?
ANSWER: Because when eggs
are packed with small end up, the
yolk has a tendency to rise, caus
ing the bgg to grade lower when
candled. To grade "A” or better,
an egg must have a well-centered
yolk.
QUESTION: How does North j
Carolina rank among other states i
as far as agriculture is concern- !
ed?
ANSWER: In cash Income
from agriculture, North Carolina
ranked fourth among the slates tn
1053. However, this state has the
largest farm population in the
nation and ranks second only to
Texas in the number of farms.
SUBSCRIBE TO THE IIKUAI.n
Only in America's First-Cho/ce Truck
All These First-Choice Features For Youi
■55 CHEVROLET TRUCKS
s t f i v k v i
No other trucks offer you all
these hour-saving, dollar-saving
features. And Chevrolet’s the
lowest-priced line. So, naturally,
It’s the best seller.
AMERICAS FIRST
CHOICE TRUCK I
Dollar-saving engine features! Gas
ssving high compression performance.
Aluminum alloy pistons. All-weather
ignition system. Full-pressure lubrication.
Advance-Design cab features! Cab is
shackle-mounted to reduce vibration.
Has one piece curved windshield.
Work-saving control features! Ex
clusive Recirculating-Ball steering.
Torque-Action and Twin-Action brakes.
VICTORY
54-HOUR WRECKER SERVICE
CHEVROLET COMPANY
CORNER MOUNTAIN & RAILROAD
STATEMENT OF CONDITION
HOME BUILDING & LOAN ASSOCIATION
of Kings Mountain, N. C., as of December 31st, 1954
(Copy of Sworn Statement Submitted To tbe
Commissioner of Insurance As Required By Law.).
ASSETS
THE ASSOCIATION OWNS:
Cash on Hand and in Banks ...$ 157,815.60
State of North Carolina and U. S. Government Bonds $ 60,000.00
Stock in Federal Home Loan Bank.$ 24,000.00
Mortgage Loans .$1,490,002.80
Money loaned to shareholders for the purpose of enabling them
to own their homes. Each loan secured toy first mortgage on
local Improved real estate.
Share Loans .,. . $ 13,687.00
Advances made to our shareholders against their shares. No
loan exceeds 90% of amount actually paid in.
Advances for Insurance, Taxes, Etc. . .. •..$ .
Office Furniture and Fixtures .$ 3,873.87
Office Building .$ 13,702.89
Real Estate Owned .$ .
Real Estate Sold Under Contract.$ .$ .
Other Assets .$ .
TOTAL .$1,763,082.16
LIABILITIES
THE ASSOCIATION OWES:
To Shareholders
Funds entrusted to our care in the form of payments on shares
as follows:
Installment Shares .$ 21,937.25
Full-Paid Shares .$ 860,700.00
Prepaid Shares .$ .
Running Shares .$ 703,357.96
Other Shares .$ .$1,585,995.21
Notes Payable, Federal Home Loan Bank.$ .
Notes Payable, Other ...$ .
Money borrowed for use in making loans to members, or retir
ing matured shares. Each note approved toy at least two-thirds
of entire Board of Directors as required toy law.
Accounts Payable .$.
Loans in Process.$ 33,935.50
Undivided Profits .$ 2,500.00
Earnings held in trust for distribution to share-holders at ma-,.
turity of their shares.
Federal Insurance Reserve (If Insured) . >.$ 10,953.51
Reserve for Contingencies .$ 129,342.34
To toe used for the payment of any losses, if sustained. This
reserve increases the safety and strength of the Association.
Other Liabilities .$ 355.60
TOTAL . .'.$1,763,082.16
STATE OF NORTH CAROLINA
COUNTY OF CLEVELAND ss
A. H. Patterson, Secretary-Treasurer of the above named Associa
tion personally appeared before me this day, and being duly sworn,
says that the fore-going statement is true to the best of his know
ledge and belief.
Sworn to and subscribed before me, this
5th day of January, 1955.
Jack H. White, Notary Public
My Commission Expires: 4-18-55
A. H. Patterson, Secretary-Treasurer
Organized 1923
OFFICERS
DR. J. E. ANTHONY
President .
G. A. BRIDGES
Vice-President
J. H. THOMSON
Vice-President
A. H. PATTERSON
Secretary-Treasurer
DIRECTORS
Dr. J. E. Anthony
G. A. Bridges
J. H. Thomson
I. G. Patterson
L. L. Alexander
J. B. Mauney
B. S. Peeler
B. D. Ratterree
A. H. Patterson
OFFICE PERSONNEL
A. H. Patterson
Secretary-Treasurer
Mrs. Fpiry L. Patterson
Asst. Secretary-Treasurer
Mrs. Emily A. Herndon
Clerk
ATTORNEYS
Davis & White
Member
Federal Savings & Loan
Insurance Corporation
Federal Home Loan Bank
U. S. Savings & Loan League
N. C. Savings & Loan League
“The Asset We Value Most~
The Good Will of the Public”
Home Building & Loan Association
Corner West Mountain and Cherokee Street
Phone 98