Newspapers / The Kings Mountain Herald … / March 3, 1966, edition 1 / Page 14
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KIHGSXOUNTAIN heKald. kings mountain, n. c. Thursday, March 3, 1966 £!>■ toL Libei^ Loan Up Net earnings of Liberty Loan Corporation for 1965 were $6.- 014,436: up from $5,004,690, as re- ^ ported, for the year 19W. This increase over 1964 is $1,009,746 or 2:21 6:2 20.2%; aAd is the first time in the Company’* history net earnings exceeded $6,000,000. New highs were achieved for the eleventh consecutive year in net earnings, volume of business, offices in operation, and capital funds, Da vid B. Lichtenstein, President, re ported today. outstanding at year end as com- pareti with $5,004,690 or $2.12 per i CO r m ^n share on 2,185,023 shares' out.standing in 1964, an increase | of 11'r in earnings pei' common; sham. The net earnings of $6,014,436 for the year after pieferred and preference dividends is $2.35 per common share on 2,241.776 shares SEAMLESS: Plain . . . iun-resistant meih, twin threads vn'th double thread protection! Junior stretch for the petite and teen miss. •van mirocle-flt Cantrace* WlTHSEi protection. s: 60 gouge, 15 denier... twin threads with double ruit, SAVE ON SUPPORT NYLONS our sheer lycra* spandex Welcome savings to yvaOWSL know their sheer luxury and eomferti Best of oil, new feature helps eliminate binding at top. Dusk, Doybreok, Twilight, professional white shades. 8V4*I proporlior.ed. REGULARLY 2.99 Receivables outstanding a t year end 1965 were $281,223,996, an increase durinijr the year cf $51.ST2,954 or 22.6% the Ptesident rep n ted. -Loan offices in opera tion increased 119 or 22.3%, and th' Company’s services »at year end were offered in 647 ofllcoa in -191 cities in 32 states. Mr. Lichtenstein reported that during 1965 the Campany ac quired two multiple office com panies with a total of 110 loan office.s, one with 24 offices locat ed principally in Texas. The ac quisition of ^ offices located in I six .^southeastern states, for ac-1 counting, purposes, was treated i as a pooling of interest. The ex-1 tension of services to these new i communities materially improved j an "already favorable geographic' divci-sification Early ih 1965 the Company placed privately and through its own facilities a 15 year 4 7/8% $25,000,000 Senior Note. Since year -end unsecured bank lines have been increased $6,200,000 brin.ging the total to $81,215,000. These are unseci^d lines at the prime rate of iatwi-est which is the most favoraWe rate of inter est accorded to the top compan ies. Mr. Lichenstein stated that the tightening of money sources has resulted in increases in rates of interest the Company must pay for its borrowed funds. These increases, which came generally late in the year, had ao material effect on interest expense for 1965. However the Increases will affect interest costs in 1966. Bas ed on the rates of interest and usage of borrowed funds by Lib erty at year end increased inter est cost, after taxes, V in .1966 would be'approximately $240,000. Shareholder equity at year end was $44,710,063, an increase dur ing the year of $5,794,681. Mr. Lichtenstein reported tfhe Com pany has ample funds for its an ticipated ne^s during 1966. A very interesting letter has been received from Dr. Dwight Nichols, publisher of the Wilkes Journal-Patriot. Supposing that other readers may have similar pro'oleLT.s, I have elected to de vote this column to answering his questions. Lai^ winter Mr. Nichols re quested heip concerning insect and disease problems he Was having with his bunch grapes. I suggested a spray schedule which, he Says, “was a perfect solution. I had top quality grapes in eight varieties and hope to have 10 bearing this year.” If you need a spray calendar, see your county agent or write me for one. He continues: “I have another problem. Five years ago I set an Abundance plum and Burbank for cross pollination. Last year the Abundance produced at least a bushel of fine plums. The Bur bank had only two or three plums because it blooms in March and has no chance getting by freezes. Is there something I can put in place of the Burbank which will bloom alon(g with the Abundance, some two weeks lat ter?”’ The question puzzles me a lit tle, but this is the way it looks to 'me with the information at hand Most of the Japanese (Ori- en(^al) plums are self-tunfruitful, when planted alone", but produce very well when two or more va rieties are planted together. Both Abundance and Burbank are in this group. Also, these varieties should bloom closer together than Mr. Nichols indicates. At least the blooming periods' should overlap enough to give a fruitful combination. I am writing Mr. Nichols for ad ditional informatioin, but ia ci der not to ..leave y.u in a q-an dary, am' suggestir^ varieties o plums which should give a fruit ful CP r bination in case you want to plant trees this spring. You will find these varieties satisfactory and they are listed approximately in order of ripen ing: Methley (reddish purple) Red June (mottled garnet red) Abundance (bright cherry red) Burbank (bright reddish purple) Santa Rose (purplish crimson) Stanley (deep purplish blue). Shropshire (dark purple). Shrop- ■ shire is a Damsan type plum. ! From this group, select two or imore varieties always includin'? Santa Rose as one of them as it is a good pollinator for other va- I rieties. j Mr. Nichols -also poses a straw- j berry problem. "It looks like I Tnnnes^ee Beauty Is on the de cline. Last sp^ng I set some of them along with Surecrop, Poco- hontas and Midway. All grew weir except Tennessee Beauty which made few plants and poor growth last summer.” It is my opinion that the “de cline” of. Tennessee Beauty was caused by one of the virus dis eases or by red stele, which is a fungus disease. Only disease free (certified) plants should be pur chased. Sometimes, even with the best of care, these diseases will slip by the nurseryman. Routine Docket Ahed Monday !n City Court AT REESE AFB — Airman Von W. Holcomb, son of Bon- jlman A. Holcomb of 7270 Midpines, has been assigned to Reese AFB. TOx., after com pleting Air Force basic train ing. The airman, a 1965 grad uate of Kings Mountain high school, will be trained on the job as a transportation speciol- ist with the Air Training Com mand. The sex life of plants is more than complicated so I will not pursue the problem further here. I have just finished reading 'mi article which brings into sharp focus some of the things I have been trying to pass on to you from time to time. The story was written by a lady who lives in Illinois and was printed in a national magazine. The, title—“It Pays to Think Ahead Before You Plant.” I will quote much of what she has to say because it is so typi cal of what can happen to you and me if we do not plan-careful ly and well—especially lor new homes “When we moved into our new home—we knew nothini? about gardening but that didn’t bother us. ^day, 12 years later, I only need to think of ail the trees and shrubs we planted in the wrong places and my back starfs ach ing again. Most of our difficulty arose because we failed to envi-i sion what our plants would look like once they were fully grown. “Our trouble began one spring day when we fell in love with a young weeping willow — we thought it would look charm.ing in our small front yard. It did. But after eight yeare—it buried the yard under a mass of dangl ing branches, ou could hardly see the house. Worse, the root.'j reached into the sewer—and we had to take it out. “After this unhappy experience we consulted an experienced nurseryman—and he subbested a weeping Japanese cherry—at last we were happy with our front yard. “Unfortunately, we were not quit^ as happy with the big ma ple in the back yard. When we planted the young tree we didn’t look at the utility wires overhead until the branches reached them. From then on it became a never ending task to keep the wires and tree apart. If we had planted the maple a few yards to the left, we.would have had the .-ame amount of shade and much io.'.'s work. “We wanted some bush hnney.- -urklcs and we knew they would gi-ovv 10 feet tall but were -sur- > piised to see thetm grow 10 fbet | wide also. We hayie.ja, constant job of trimming to W%p the plants from smothering, me flo wer border in front of them’ “Yes, we made many mistakes during our early years of garden- ing. I’m not going to talk about the tiny holes vVe stuck our first 'hrubs in and then-' wondered why they didn’t grow. “Today, when we bhy a shrub we sleet one which, at" maturity, will be the size vve want it. We A routine dpeket was aired in Monday’s session of City Record er’s Court at which tirne the fol lowing cases were heard by Judge George Thomasson: Franklin B. Hall, 26, Charlotte, driving while intoxicated, 12 months suspended upon the pay ment of a $1(X) fine and the costs; driver’s license revoked ac- coiding to law. Maria Johnson, 28, worthless check, capias issued. Burley E. Strickland, 40, 515 Broad Street, using prafape'lan guage, 60 days suspended upon the payment of a $10 fine and the costs. Person Wardrup, 47, c/o Unit ed States Air Force, stop light violation, continued. Paul Melton, 32, 314 South Cansler street, assault on a fe male, four months suspended up on the costs. Edward D. Husa, 19, 307 Blan ton street, assault on a female, continued.- Thelma Edigerton, 21,110 North Cansler street, resisting arrest, 60 days suspended upon the pay ment of a $10 fine and the costs. William Kennedy, Jr., Kings Mountain, breaking and entering, hearing waived. Submissions included: Johnny R. Short, 30, 22 Walk er street, i'Tproper tag, costs. Robert Short, 44, Shelby, viola tion of prohibition laws, $5 fine and costs. Fred McClain, 52, 309 Watter- scHi str^t, driving while intoxi cated, failure to stop for siren, posted $6 jury fee and court costs. Paul C. Man*, 21, 510 Broad street, following too closely, half costs. Lyman D. Knop, 38, Fayette ville, improper tag, costs. Billy M. B.aigwell, 36, 401 Cher okee street, assault with a dead ly weapon, posted jury fee and court costs. Arvillp C. Byers, Route 2, Bes semer City, half costs. Jeffrey L. Patterson, 18, Route 3, exceeding a safe speed, half costs. Richard K. Goins, 33, 916 First street, resistins arrest, costs. Richard Goins, 33, 1116 First street, assault on a female, post ed jury fee and costs. Six public drunkenness, costs of court. think long and hard about plan ning a'ncj_/p].antin^.” Settle back in your easy chair now and see how many times you .can multiply the mistakes this lady made b^^ your own. There is JrT' no excuse for repeating mistakes! keep step in patent! classk: pumps 8.88 USUAi.LY 10.99 Evorybody loves our classic leather pump, and, no wonder! We Use only the softest select leathers, we style to the latest, loveliest this-minute lines.- the " perfectly curved throotUne, theoewest in tke slim heel look! Quality construction includes full leather linings, leather soles, all the inside comfort features you expect. Gleaming black potent leather; soft, full-grain calf leather in black, red, navy, white. Sizes 5yj-9. Mid or High heel. No Takers A real estate agent in Sud bury, England, who offered “a new car waiting for you in the garage” with-each $19,380 house purchased, complained that nobody took him seriously. “Most people thought the offer was a joke and I had a job convincing them it was genuine,” the agent said. j C. L WPUCK INSURANCE AGENCY Insurance Protection Business 9 Auto 9 Home Dial 739-3611 110 W. Mountain SL 4:23-tfn LENTEN ELI Sunday, March 6 — 11 a.m. SERMON: “The Cross Speaks Of Our Virtue” SCRIPTURE: St. Luke 23:39-43 Sunday March 6 —^ 7:30 p.m. SERMON: “Humanity, Weep For Yourself” SCRIPTURE; St. Luke 23:27-31 Special Music By The Choirs Under Direction of Mrs. Dick McGinnis ORGANIST: LUTHER DAVIS REV. DAVID L. CASTOR, Pastor Resunection Lntheian Church CRESCENT CIRCLE KINGS MOUNTAIN. N. C. The public is cordially invited to attend these and future Lenten services continuing through Easter. lliurscla' “SI PRIC EFFE SATI MAF “S • "S RC
The Kings Mountain Herald (Kings Mountain, N.C.)
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March 3, 1966, edition 1
14
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