UMMMMO 61 Loans Now Repaid;
Some 3500,000 More Still Ont
BARNEY J. RANDOLPH
• Randolph Ends
; Marine Training
1 PARIS ISLAND, S C.,—Bar
ney J- Randolph, son of Mr. and
Mrs. J. B. Randolph of Route 1,
| Kings Mountain, N C„ is sched
uled to complete recruit training
> April 5 at the Marine Corps Re
cruit Repot, Parris Island, S C.
' The ten-weeks course covers
military drill, first aid. personal
! hygiene, Marine Corps history,
i and defense against chemical and
1 atomic attacks
] The final three weeks are spent
on the rifle range where the new
< Marins firie the. M-l rifle for qua
i Ufit-ation.
, New Chemical Spray
Is Good Grass Killer
A new chemical shows promise
in the control of Bermuda and
Johnson grass, according to Bill
Wtestmoreland, extension weed
control specialist at State Col
lege.
The herbicide is called dalapon.
State college first tested it in
1963, and in 1955 farmers used
some of the material
. Westmoreland reports that it
' Will do a satisfactory control job
If the manufacturer’s directions
are followed.
1 Dalapon is somewhat different
'than most other killers of gras
sy weeds- Twenty pounds of the
chemical is dissolved in 100 gai
jfegts of water and the solution is
’sprayed on growing plants. The
‘b^st results have been where the
spray was used on plants when I
lpw'rm&tr9
JELL IT THRU THE
jJWIIITADS
The millionth veteran has re
paid his GI loan in full, Veterans
Administration announced
As of January 31, 1956, 1,,024
919 loans for homes, farms, and
businesses totaling more than
$5.1 billion had been repaid in
full, or nearly one out of every
four GI loans guaranteed or in
sured by Va.
In the 11 years of the program,
VA has underwritten 4,599,685
> GI loans totaling $34-4 billion.
| Most of the loans, or 4,306,515
were for homes Of the remain
! der, 68,956 were farm loans and
224,213 we Be business loans.
Of the 1,024,919 GI loans re
paid in full, 809,511 were home
I loans totaling $4.6 billion; 42,
277 were farm loans totaling
$132 million, and 173,131 were
business loans totaling $420 mil
lion.
In addition to the $5.1 billion
repaid in full, VA estimated ano
ther $3 5 billion has been paid ofi
in installments by veterans
whose loans are still outstand
ing
VA has paid claims to lenders
on only 40,035 loans for homes,
farms and businesses. These
loans had an original principal
amount of approximately $200
million.
The net loss to VA has been
only $19 million, or a slightly
more than 50 cents for every
thousand dollars borrowed. VA
said the net loss is subject to
further recovery, either from the
veteran or from the liquidation
of tangible security.
Of the 40,035 loans on which
claims have been paid, 24,558 or
slightly more than one-half of
one percent of the total number
guaranteed were home loans- Al
lowing for repaid-in-full loans,
amortization payments and
claims paid, VA estimates that
$24 5 billion of the original $34.4
billion borrowed by World War
II and Korean conflict period ve
terans still is outstanding.
they were growing rapidly. This
stage of growth is usually in June
in North Carolina.
Spraying should be done before
the grasses begin to flower and
seed. At times, a thorough, shal
low disking in late May gives an
even and uniform growth, which
improved conditions for mid-June
spraying
Under most soil conditions, the
chemical will be gone in a maxi
mum of eight weeks, and often
slightly sooner. At present, any
local crop will be severly injured
by dalapon rates that give grass
control
Westmoreland feels that old
er control measures should not be
completely abandoned in favor
of dalapon.
In 1940, 'each farm worker pro
duced enough for himself and
nearly three others. In 1953, one
worker produced enough for him- j
self and 17 others.
JjTe/tTigfZZfottt.
INTELHGRAM
Check the correct word:
1— 'World air speed record over an approved
course is now held by (Britain) (U.S.).
2— It is (822) (1,132) miles per hour.
3— Move is afoot by southern members of Con
gress to (defy) (reverse) Supreme Court’s
ruling on segregation.
4— Greece (has) (has not) banned study of Eng
lish in her schools.
5— Exiling of an (archbishop) (general) caused
trouble to flame on Cyprus.
6— Jordan’s defense forces (have not) (have)
been subsidized by Britain.
7— New discovery (challenges) (confirms) Dar
winian theory of evolution.
8— Air Force Academy is located in (Colorado)
(Maryland).
9— First day of summer is (May) (June) 21.
10—It is called the summer (solstice) (equinox).
Count 10 for each correct choice. A score of 0-20 is
poor; 30-60, average. 70-80, superior; 90-100, very
superior.
Decoded Inleliigram "
aDtjsios—01 aunp—6 opejoioo—8 saSuan«iO— l aABH—fl
aqstqtp-iv—S 'sen—* asjaAOH—g qdui ZZVl~^Z ujejug—t
*
In a few days those dahlias
that you left in the ground over
winter will send up sprouts.
The yshould be dug up, divided
and replanted- If they are not ta
ken up and divided they will send
up several stalks which will give
you some nice early blooms, but
the fall fowers wii usually be
inferior.
In dividing dahlia clumps be
sure that each division has at
least one root and one good eye
or sprout. There is no advantage
in having more than that.
If you took up the dahlia
clumps last fall and put them in
storage you will find they are
beginning to show well-developed
eyes or sprouts and can be easily
divided now.
After dividing, keep them cov
ered with slightly dampened peat
moss or sawdust so that they will
not dry out until it is time to
plant In the central portion of
the state a good planting date is
May 1 to 15; in eastern areas a
few days later would be best and
in the mountains early May
would be about right.
Dahlias grow well in any type
of soil as long as it is well drain
ed If the-soil is not well drained
you may lose many plants alter
period’s of heavy rainfall. On the
other hand, it is necessary to
keep dahlias well watered dur
ing extended periods of hot, dry
weather.
Dahlia roots may be purchased
now at seed stores or from certi
fied dahlia nurseries. A few good,
inexpensive, large-flowered var
ieties are: Cherokee Brave (red),
Edna D. (red), Jersey’s Beauty
(pink), D-Day (pink), Kirsten
Flagstad (orange), California
Pageant (orange), Jane Cowl
(buff), Edgar Guest (Yellow),
Allegresse (yellow), The Real
Glory (white), 5-Star General
(cream pink), and Jean Trim bee
(purple)
Sendees Sunday
For Mis. Rayfield
Funeral rites for Mrs. J. S
Rayfield, 66, of Lowell, mother of
Mrs. Walter Farris, of route two,
wore conducted last Thursday af
ternoon at 3:30 p- m.from Lowell
Church of God.
Interment was in Shady Grove
cemetery near Cherryville
Mrs. Rayfield died Tuesday
night in Garrison General hospi
tal of a heart condition.
Survivors include her husband,
six sons, two daughters, a num
ber of grandchilrerr,, and one
great - grandchild.
Here’s the B|G Fact You Meed to Know
About the Mobilgas Economy Run!
Pontiac Beats
M Eights of All M*es in
t
Actual Miles per Gallon!
Positive Proof That Pontiac’s Great Strato-Streak V-8
Is America’s Most Modern and Efficient Automotive Engine
Official Results
Released by General
Petroleum Corporation,
Sponsor of the Event
V
1. PONTIAC 21.1098 miles per
2. CAR A.21.0420 miles per
3. CAR B.20.9012 miles per
4. CAR C.20.7124 miles per
5. CAR D.207032 miles per
4. CAR E.20.6793 miles per
7. CAR F.203217 miles per
8. CAR 6..20.4894 miles per
iiiliiii
9. CAR H.19.7044 miles per gaHon
10. CAR I_19.1552 miles per gallon
11. CAR 1.107496 miles per gal lee
12. CAR K.18.6694 miles per gallea
13. CAR L.18.0750 miles per gallea
14. CAR M.17.8341 miles per gallaa
15. CAR N.177798 miles per gallea
16. CAR 0.17.4191 miles per gallea
See Your Pontiac Dealer for the Greatest Economy plus the Greatest GO on Wheels
KINCAID PONTIAC COMPANY
Dealer License No. 1386
an W. VIBGIMIA AVE.BESSEMER CITY. W. C.
—USE HfcKALD CLASSIFIERS—
CLEVELAND COUNTY HOSPITAL
1 KINGS MOUNTAIN UNIT
KINGS MOUNTAIN, N. C.
BALANCE SHEET
December 31. 1955 Q
STATEMENT OF OPERATIONS^—OPERATING FUND
Year Ended December 31, 1955
ASSISTS
Operating Fund
CASH
RECEIVABLES
Patients-Less: Reserved for Doubtful Accounts
, The Duke Endowment
. Other Accounts
. Returned Checks
INVENTORIES (Furnished)
PREPAID INSURA'NCE
j *- „ total operating FUND
Plant Fund
CASH
t FIXED ASSETS , :
Land
j - Buildings
Equipment i
i TOTAL . iS
Less: Reserved for Depreciation
TOTAL PLANT FUND
TOTAL ASSETS
Operating Fund
Accounts Payable
Accrued Salaries and Wages
Accrued Payroll Taxes
TOTAL LIABILITIES
OPERATING FUND SURPLUS
$ 16,683.30
453,187.77
62,979.58
$532,850.65
19,007.45
LIABILITIES
TOTAL OPERATING FUND
Plant Fund
Plant Fund Surplus
TOTAL LIABILITIES AND SURPLUS
$ 28,656.49
1,937.00
7.70
194.65
402.64
$ 23,473.31
513,843.20
$ 13,109.56
30,795.84
8,959.20
$ 53,267.24
537,316.51
$590,583.75
$ 8,237.82
3,517.05
2,928.92
$ 14,683.79
38,583.45
$ 53,267.24
537,316.51
$590,583.75
Gross Income From Patients
Less: Charity Allowances, Bad Accounts, Etc.
Less: Charity Collections and Rec'overies
NET INCOME FROM PATIENTS
Operating Expenses
Administrative
Dietary
Housekeeping
Laundry
Plant Operation
Nursing Service
Medical and Surgical
Pharmacy and Drugs
Medical Records and Library
Operating Rooms
Delivery Rooms
Anesthesia
X-Ray
Laboratory
NET LOSS FROM PATIENTS
Other Income
Governments
Voluntary Contributions
Non-Hospital Services
Less: Interest Paid
OPERATING PROFIT BEFORE DEPRECIATION
Less Depreciation
NET OPERATING LOSS FOR THE YEAR
$ 58,777154
2,769.39
$ 17,140.95
26,791.73
6.029.79
5,544.75
# 7,243.67
*53,899.30
15,070.32
13,849.70
240.32
5,067.52
2,311.00
7.619.79
11,724.27
6,354.38
$ 222,641.13
56,008.15
$ 166,632t98
178,887.49 0
$(12,254.51)
$ 11,143.40
4,068.98
790.32 16,002.70
$ 3,748.19
153.64
$ 3,594.55
9,729.82
$( 6,135.27)
—AUDITOR'S STATEMENT—
The above BaJ^nce
The Patients Accounts
Sheet and Statement of Operations of the Cleveland County Hospital, Kings Mountain Unit, Kings Mountain, N. C., were
*ere not confirmd by direct correspondence, nor were we present when the Inventories were taken, which Inventories
prepared from our Audit Report for the Year ended December 31,1955.
were accepted by us as furnished by the Management.
(Signed) GEO. G. SCOTT CO.
Certified Public Accountants