Newspapers / The Kings Mountain Herald … / Oct. 27, 1966, edition 1 / Page 16
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Pag* 4 KINGS MOUNTAIN HERALD, KINGS MOUNTAIN. N. C. ^ Thursday, October 27, 1966 IMAGINE YOU can cut your fuel bill almost in half i>4 » ?’#• ' ' ■■■ ■ ■:.■ ■■■ ■■ ■'■'"'’S ■ wHh a MONOGRAM oil hoolor ftolvring Mio MAGIC MIXER BURNER ... oduaily turns fuol oil into got High, medium or low... what ever fUme you eet on your Monogram, you know the ex- cluaive deaign of the Magic Mixer Burner will give you more bent fitom every drop or fuel t/Sgt. Metcalf Finishes Couise SAN ANTONIO — Technical Sergeant Clyde B. Metcall, whose mother, Mrs. John Bridge- “Tnan; Hves at 602 York Road, Kings Mountain, N. C., has com pleted the special U S. Air Force recruiter course at Lackland AFB, Tex. Sergeant Metcalf, previously assigned at Whitemeui AFB, Mo.,, will be an official .Mr Force re cruiter at Fargo, N. D. He was picked for the special assign ment as a volunteer with an out standing military record. The sergeant was trained in 11 areas of study, including the Air Force job classification sys tem, testing procedures and commiunity relations to broaden his qualifications for presenting the facts of Air Force career' opportunities fo young mien art® women. Sergeant Metcalf, who attend ed Kings Mountain High School, has studied at Cisco (Tex "i Junior College and the College of Guam. His wife, Betty, is the daugh ter of Mr. and Mrs. L. A. Smith of 807 Floyd St., Kings Moim- tain. COOPER'S, INC. If a motorist’s driving consists of a lot of stop-and-go traVellhg, the spark plugs should be re placed more frequently than when the car is used ohvfohg trips. STRICTLY FRESH Many a ijian has ttied to puU th6 wool over his wife’s a*i j 1.3 u 11 iiiiy vf?" •yroOMMSa.O'HAAA nwimim aywi^Tf—m— Or. McWhiiter Heads Society eyes by asing the wrong' yam. • • • If people iearn through their nti^kes, there are a lew leliows'areund who seem to be getting a fantas tically breaiT education. . U a ^rsoB looks tired and nredrom'don’t suggest a vacatton. •The odds are that he just had one. * • • ' pid yhu hear about the ■ Texan who was so poor the teleidlene in his Rous-Royce was on a party line? • Hojae.sense is what keeps 'a from becoming a Q. My wife and I are both re tired and we have $52,000 in a mutual fund, from which we have elected to receive $240 a month. We also have $58,0(X) in 'savings and loans association ac counts drawing from 4.5 to 5.5 per cent, plus a bank-savings ae count- We own our home clear of debt. Could we find stocks giving us any better return than the savings and loan? Can you .'Suggest how we could improve opr investment? ■A. I see no great urgency mak ing a change in your present investment situatioiu . T-, Tbp ;i[a(tlpps .JUdayette Esca- dril^^'.Whfld I'was made up’nit. Volunteer avia- torsi. ' ’* -^<4- However, at present market prices in today’s market you c^ld buy top-grade common or preferred sotcks or convertible corporation bonds that >vould pay you the same or even a slightly better income than you are getting now from your sav- ings-and-loans accounts. On the other hat . you would of course be subject to the natural fluctu ations in the stock market -- which might make you nervous it you’re not used to this kind of investing. Go to the trust officer of your bank and get his recommenda- EVERETT ' t#r The ■. 'V; Man Long before Everett Jordan sought public office he showed an active Interest In a wide variety of public affairs. Th« Democrats of North Carolina recognized him «s a true leader, and he served as Chairman of ih* State Democratic Executive Committee under two distinguished Gkivemors. Scott and Umstead, from 1949 to 1954, at which time he was selected as Democratic National Committeeman. He served in this post until he was appointed to the Senate in April, 1958, by Governor Hodges. He was elected by tha people to serve the remainder of the late Senator W. Kerr Scott’s term in 1958, and re elected in 1960. Senator Jordan was born In 'Ramseur, N. C., the son of the Reverend and Mrs. Henry H. Jordan. Ha attended Rutherford College and Trinity, and in 1924 married Katherine McLean of Gastonia. Th^ have three children and eight grandchildren. B . After serving with the U. S. Army in Europe in World War I, Senator Jordan began work as a sweeper In a Gastonia textile mill where he worked up through the ranks to become superintendent. In 1927 ha came to Saxapahaw as a young man and organized a textile company and re-opened an abandoned cotton mill. The Jordans still live in the village of Saxapahaw, near Burlington. Senator Jordan has always taken an active interest in civic and church affairs. He has taught tha Adult Bible Class in the Saxapahaw Methodist Church and has been a member of the Board of Stewards since 1927. In recognition of over 40 years of active service to the Boy Scouts of America, he was presented the coveted Silver Beaver Scout Award. He has been Chairman of the Board of Trustees of tha Alamance County Hospital for 21 years. He was a member of the N. C. Medical Care Commission from 1945 to 1951. and a member of the N. C. Peace Officers Beriefit and Retirement Commission from 1943 to 1951. He is also a member of the Board of trusthes of Elon College, Duke University, and Amarican University, and a Shriner. ; In recognition of his outstanding community service, he received the North Carolina Citizens Association’s DISTINGUISHED CITIZENSHIP AWARD in 1965. c.. ember B, 1966 tion or to a broker you know well. If you receive social se curity payments or some other pension income in addition to the assets you have listed, I would be Inclined to suggest that you consider putting half of your saving.s-and-loan account into good-grade common stocks. This would give you a hedge against inflation that yoUr sav ings account does not provide. Q I have quite a lot of Minne sota Mining stock. A mutual-fund salesman is trying to get me to sell $250,000. worth of it to put into an irrevocable private .an nuity that will pay-me'$1O;50O'^t- .8.-p,m.-Tuesday, .Dec. a year, 52 per cent of which would come out of principal. This means that in 20 years half of the principal would be dissipated The salesman claims, however, that the principal will be re couped during the same period by appreciation of the fund; he claims this will save my heirs a lot of money in inheritance taxes, probate fees, etc. I am skeptical. A. My advice is: “make haste slowly”! be sure you have all the answers before you act. The record of the fund you mention is good; over the last ten years, figuring dividend ac cumulating and capital apprecia tion, it has averaged a com pounded annual growth rate of better than ten per cent. If the fimd is able to continue this growth for the next 20 years, then it -will maintain yohr prin cipal throughout even while pay ing you ybur $19,500 a year. The fund of course cannot guarantee this performance. Dr. Blake MeWhirter of Shel by, formerly of Kings Moun tain and son-in-law of Mr. and Mrs. A. U. Tindall of Kings Mountain, is the new president of the Cleveland County Choral Society. The Choral Society will usher in the Christmas season on Sun day, November 27, at First Meth odist church in Glen Alpine in the first of three Christmas con certs. VETERAN'S CORNER The second concert of the season will be December 4 at Central Methodist church in Shelby. Both concerts will be presented at 3 p.m. Q. — C2an I u§e>^’one certifica tion car'd to show attendance in school under the new G I Bill for a period June 20 through August 14, 1966? A. — One certification card can cover the full period when training is interrupted or com pleted. Otherwise, a card must be completed and submitted for each month of training. . Q. — Under the new G. I. Bill, when will a veteran certi fy his monthly attendance? , A. — Veterans enrolled in in- The final concert is scheduled 6 in Cherryville’s church. First Presbyterian Tax Deadline Is Odobei 31 GREENSBORO — Employers in North (Carolina have an im portant tax deadline on Mon day, October 31, 1966. This is the due date for re porting and paying withheld in come tax and soda] security tax es for the calendar quarter end ed September 30, 1966, accord ing to J. E. Wall, District Di rector of Internal Revenue. Employers should use Form 941 to report their tax liability for this period. On the other hand, you have a very fine security in 3M — a company whose performance dur ing the last 20 years has been sensational Its stock has gone from $3 to $75, and the divi dend rate has risen from 6 cents to $1.20 a share. Although I question whether 3M can main tain this record for another 20 years, the company still should do very well — and quite pos sibly out-perform the mutual fund by a substantial amount. As to inheritance taxes and probate fees, I urge you to check with your attorney as to the best way to handle this problem. You are dealing with a great deal of money. You should not hesit4te to spend some money to get* pro fessional advice — both legal and financial — before making a change. I suggest you talk also to your local bank's trust officer and, if there is a professional investment adviser or consultant in your town, consult him too. You are under no obligation to take advice of any of these people, but after hearing all of their recommendations you will be in a much better position to take the action that is becst for you. Mr. Wall pointed out that em ployers who made full and time ly deposits in Federal Reserve banks or aiuthorized commercial banks have until November 10, 1966, to file their returns. Farm Ruieaa Dinnei Thuisday stltutions of higher learning will not certify their first month’s attendance. They will receive a certification card with their first month’s check, and then must report and certify attendance for each month thereafter Veterans enrolled in institutions below col lege level will receive a card from the VA and must report the first and all subsequent months of attendance. / Q. — I am a disabled veteran. My daughter is in need of sur gery. Can she be admitted to a VA hospital for this? A. — No, not unless she is an eligible veteran. Hospitalization is not provided for dependents of veterans. Wayne Corpening, co-ordinator of Econonaic-^ Development ,_ in North Carolina, will be princi pal speaker at ’Thursday’s an nual meeting of the Cleveland County Farm Bureau at Brack ett’s Cedar Park at 7 p.m Mr. Corpening was formerly associated with Wachovia Bank & Trust Company in Winston- Salem as farm representative and was district extension agent in the Western district of the state.. He was appointed to his present position by Governor Moore. A “Dutch” supper will be served and plates are $1.60, ac cording to announcement by T. Z. Hord, Farm Bureau president. Entertainment will feature tap dancing and a flaming baton demonstration by three young ladies. Thursday, Ledford Wm AF Pioiiiotioii FAYETTEVILLE — Robert S. Ledford, son of Mr. and Mrs. Robert J. Ledford of 406 S. Thompson St., Shelby, N. C., has been promoted to airman sec ond class in the U. S. Air Force. Airman Ledford is a supply inventory specialist at Pope AFB, N C. He is a member of the Tactical Air Command which provides combat reconnaissance, aerial firepower and assault air lift for the U. S. Army forces. The airman, a graduate of Shelby High School, attended Gardner-Webb College, Boiling Springs, N. C. His wife, Abigail, is the daugh ter of Jerome Spangler of Grov er. N.' C. Anniversary S-A-L-E “Employer Tax Guide”, which furnishes more detailed infor mation on this subject, may be obtained by writing to your District Director, Internal Reve nue Service. . Rell Cable On Share Cost This Week’s Special Jerome, Ariz., is one of the country’s n^iwest ghost towns, brought about by closing of cop per mines there. Tima for a KitchanAid dishwoshar Now it Ml* tiflio to flot e now KITCHENAID CONVERTIBLE* rORTABLE DISHWASHER. ■ PirtiMt Rwr. il« HitMMiM mA ■ IniM in Mir. ■ Thru stria. TkrN prid mga • Cavwimt lrMt-la4in|. a III, wsatili cao^. ■ Pnk MIm oiratiM. ■ Eidnsivi KitckMAM 4-Way Wash aMI Fto-TImi Sryiai parfarmiMt. ■ Parctlaia aiiamil wash thimbar. ■ CtwiM al wMa V cappir Mshts. pAfS many other axclusiv* faoturas The Bell System does not have i sole ownership of undersea ca- i ble systems today. Ownership is | shared with ^overseas communi cations agencies that together witli the Bell Sysfem Tumisih overseas service. Other U. S. in ternational carriers also use the underseas cable facilities in fur nishing their services. In like manner the Bell System does not seek sole -ownership of a satel lite system The ownership of the satellite system proposed would follow the traditional pattern. Each company or agency participat ing could share the cost of the satellite system. Those not wish ing to share in the ownership could lease circuits in the sys tem, said R. B. Moore, local tele phone manager. Mount Logan in the Yukon is Canada’s highest peak and sec ond highest in North America. It is 19,850 feet high. Reg. 1.99 Up Catos KOt-aa Avil I* JWttaM ilwB fW ImPm. Ki«cli«mAi€l. Ren T. Goforth Hours 8*5; Sot. 8-12 Ph. 739*4736 * York Rood PLONK RROTHERS&CO. — ANNOUNCES — 8x10 or 11x14 ONLY (Plus 50c Handling, Insurance) PORTRAIT SPEICAL! IDEAL CHRISTMAS GIFT Photogiaphei Wll Re Available 10:00 A. M., *TIL 5:30 P. M. October 31 & Nov. 1, Monday & Tuesday ALL WORK GUARANTEED BY INGRAM'S STUDIO No Ago Limit * Full Pose Portrait Children and Adults Not Just The Head EXCLUSIVE ONLY AT PLONK RROTHERS & CO. RAILROAD AVE. QU/ r pint sue JER( RIGHT SPI V£HN1:( B ROSED/ - ti
The Kings Mountain Herald (Kings Mountain, N.C.)
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Oct. 27, 1966, edition 1
16
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