Newspapers / The Kings Mountain Herald … / May 18, 1972, edition 1 / Page 19
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M n 9 ,0. ■ !■ -r., ThursHay, May 18. 1972 ' . elected' Mrs M. D. Phifcr w«.s ,.Icct«l to a three-year term on the Par-1 onts ^uncil of the Er.skino Col- Je;»e Pan^ms Association at the annual moetin^r Saturday. Dr. • Janies P. epaino of Anderson was ^ re-olmod prosident. The as.soc*ia-; raised WO.oO for soccer uniforms and hicycle racks for Erskine studrmts. This Is The Law TO FOOD CONVENTION Mrs. Helen Ix^gan, Mrs. Joyce Hord, Mrs. Ruth Lynn. .Mrs Kathleen Goforth and Mrs. Charles Goforth attended tlie N. C. Food Service As.sociation conventional Wilmington last wet • ■ - u rooi By ROBERT E. LEE (Sponsored by The Lonvyeis ot North CoroliiM) CONSTRUCTIVE TRUSTS Jones takes out an insurance policy lor $10000 on his own life, payable on death to his daugh ter. He dies shortly itihereatter from a heart attack. Smith can prove that $150 oif ; the premiums were wrongfully I paid with funds that Jones was ^ holding in trust for smith, and I that the remaining $50 in prem- ! iums were paid by Jones with ' ■ owm money, of the Smith most bntitled Df the en- THE KINGS MOUNTAIN HERALD. KINGS MOUNTAIN. N. G ilimmyMauney On Study-Tour 'County Supports Bowles. Wallace force a “corustru'etive trust" ui)on a proportionate i>art of the pro- Jimmy Mauney, of Kings Moun-j Cleveland C,ounty still liked eeedS' in such roportion as the tain, a rising junior at Preir,''er .Mabama Governor Georm Wal- amount of his funds so used have college, will fly out of New York law in Saturday s DerniK-rutie to the total amount of the prem- City on May 15 for a three weeks! primaiy, as it did wlien he wa.'-- in this case, Ffeiffer Economics field studies the American party candidate for program in western Europe president in ’ the 19G8 iunis paid—which, was three-fourths. Smith is entitled at his option to an “equitable lien” olf $1.50 up on the proceeds of the policy. It is, of course,'more advantageous for Smith to assert a “construc tive trust." A minority group of states. In of situation such as this, will lim it Smith to an “etiuitable iicn" for the amount of his money which was wrongl.'ully used in paying the premiums. No North Carolirra cases have been found holding either way. - . • - - gtMieral Europe. Also traveling with the tour from Kings Mountain i.s W. Kemp .Mauney, III, a . tulerit at .V C. State University. Jimmy .Mauney is the son of .Mr. and .Mrs. George H. .Mauney,: . r.; K' KM Piedmont Avo., is an ccono-l -.1?., ^ 3368-vote mic.s major and a gi a li'ali of I Kings Mountain high scliool. i In the thrce-(.-ounty 271Ii judi- Twenly-eight PfeiHer students, <-ial district, Clevrdanders ion with Judge Lewis Bulwinklc, who defeated Solicitor Bill .Morris, and lost with former Judge Jolrn Mahoney, defeated by recently- ^ appointed Judge Ralph Phillips. | elt'clion. Wallace dofcaled former North Carolina governor Terrj' Sanford statewide, giving liim 37 and .San ford 27 of the state’s c'onvrmtion delegates, as Cleveland was giv- margiir, Chemistry Group Taps Manor tov« Blrtstandlng Mgh school tain. department of eiiemistty presid- (M at the awards luncheon. .He seleeiMl tile five finalists frjm Some ].")() students. who will make up the study tour group, began their academic , preparation for this trip in early Adams owns a home. He takes ! April. out a fire insurance policy , on i They will meet with t'rp eco- „ his home- payable to himself, j nomie, banking, trade- indus-l cieveland supported' Buiwinkle The premiums for the year east , trial and political loaders in the 15999 -to 3399 and Mahonev (Ms $200, During the year, the house . Netherlands, Belgium, Great! to 4321. . ’ ^ was completely destroyed by! Britain, France, .Switzerand anu fire- : West Germany. I Tlte county went with the Goldfish can prove that ail otf I The study tour i.s under the jloader for governor, the $200 in premiums were, direction of Pis»fessor Bruce | l^kipper) Bowles bv 730 wrongfully paid from Funds that Ge<jrgc, head- the Pfeiffer dej.art-' Taylor, 5815 to Adams was holding in trust for ment of economies, who .spent ■ &od supported U. S. Senator him. How much, if any, of tlie many months working with finan ' '>ver U. S. Rep. chemistry students were recog- .Selected for their performances I tectlon, Americltn^iii^r ^ 'aw^rdT'd^^w'I"*"' ciety. ■ 1 , ‘-'‘ "”’"^,l>«'f'™''i'ma-leupthechemi.srv and ph.N.sics hamihuoks and eachl.^cetion of the C’. Academi'c Students lionored were William j '"H reis-ive $I(|0 conte.si this vear. Franson .Scott and Charles j^.! f"’’'l<‘l';irlmenls. sep-h Plorier, both of Durham Wagman was chosen by an * rt'm*Jor-j ACS committee as the lop linal - The giuwl), rale of jobs for <irr school. Durham; Rob-. ist. He will receive a jdaque at .scientists and engineers which 'Mniintni.T'fKings the .\.,C. .section, AC.S meeling increased during the lUtid’s slow- Elliott -^cl'.ool,- and .Mark ' in miniature at Gross laboratorv, led in 1970 aec-ording to a Bureau son hiai Sander- Duke university, Friday. Ail five of I-abor Slaiistics survey. 'I'lio nigh school, Ralcigli, finalists will he recognized at j 1970 ficure of 1,075.000 is aii- Maner i.s the son of Mr and meeting. h r .,\imalely the sami'a.- the 1969 -Mrs, B. F. Maner of Kings .Moiin- Dr. Donald C. Jiehe of the r.\c' f'-”''''- 1ST QUALITY DENIM $1.50 REG. 59c YD. DRAPERY NOW 50c YD. KETTLE CLOTH REG. $1.29 NOW 79c YD. $39,000 to be paid by the insur- - cial trade and industrial organ ance company can Goldfish get? izations in Europe ing makin In most states Goldfigh woulir; preparations for the -tour. He be able to recover only $200, He ■ gave the following details on the is entitled to onlp an “equitable tour. ien” upon the proceeds for the “It is difficult for many stud- amount of the premiums paid ents who have not grown up as- with his money, since they are in . sociated with foreign travel or no true .sense the product solely [ international eamomics to fully of his money. ; appreciate the complexities of A fire insurance policy, unlike | international trade as well as a life insurance policy, is a con-' comparative economics systems tract df indemnity against loss, in a classroom setting. “Our goal in this study tour is to show the relationship between theory' and current economic and trade realities. We expect to come to have a better understanding and current monetary and inter national trade uotlook, especially as it relates to the strength of DOTTED SWISS i 79c YD. 1 CREPE PRINTS $1.29 YD. WHITE EYELET | VOILES 65c YD. 1 4 79tYD. One Table ODDS N* ENDS - 39c YD. Go^ Buy POLYESTER $2.79.$3.0q. $5.50 Yd. Foote Gives Annual Report PHILADELF’HTA, Pa. — Dr. Wayne T. Barrett, president of Foote Mineral company, told I shareholders at the Barclay ho- j tel that the improvement e.xpei- ieneed in the first quarter of tiie I year over the two preceding quar ters is expected to continue. He cited the slowness of the steel in dustry in the second half of 1971- and increased pressure from steel and ferroalloy i.n- pnts as the principal factors in the company’s recent lower sales volume. He warned that he ex pected the balance of 1972 to be ’ “trytm-g.” Longer range, Barrett poini- j ed to a $6,5 million expansion ^ program at the company’s Gra ham tW. Va. I ferroalloy plant, ! which,- when completed, will the American dollar and bal ance of trade problems. “We also will study carefully the trade trend in the European Common Market and political implications. Students, who de sire, through written reports and other activities may receive up to six semester h.jur academic cred its for their studies.’’ Pressley Wins At Hickory HICKORY. — Bob Press€y shook off hi.s jinz al Hickory Spoodway .Saturxlay night by Wayside Fabrics ON RAILROAD AVENUE Open 9:30-5 p.m. Monday thru Friday 9:30-4:30 Saturdays make it “one of the most el- ‘’basing down Ned Setzer on the ficient in the country.” He al.so j f-econd lap and converting it into announced that the company is Sportsman victory at studying -the desirability oi' es- last .November. - .Shepherd at the fuiished. Bosco i Lowe was third. -The Bureau of Labor statls- j Rookie Ronnie Austin of Hiek- B^^S^-^dUior of 'th: was injured wtn he cr,”h^ n , u . pt^cup®- broadside into the fourth tu;n tional Outlook handbook. The wall. He was taken to a neatby 8^age volume reports on job : hospital for observation and treatment of pos.sible broken . j occupations and 30 major indus- 11 tries in the 1970’s. WE'RE HELPING to PUT OUR COMMUNITY TO WORK. . The money you save with us Phelps your neighbors buy homes. And that means jobs ’ for construction workers/ landscapers, stores-ali the^ people who produce and sell things needed in homes.^ I Where you save does make a' I difference'^^a difference to' I you andjo your neighborsj( Kmgs Mountain Rovings I Loan Association P. O. lox 746 KINGS MOUNTAIN, NORTH CAROIINA 28086 bones. The impact was so great that the gas tank and par's of the car’s body were t hrowi clear of the smoking wreckage. _M'hile Pressley was collecting $590 for the 50-lap main event, S< tzer found his black cloud still o\erliead. Tlie Claremont dtiver lias won the p-ole on four occa- soins this season but has Jed only one lap. He spun on the backstretch after a brush with Shepherd and finished in 10th place. j Fans were on their feet later! in the race when Setzer and shep-; herd brushed a second time. Shepherd claimed it wag an at tempt to crash his oar. In an action-'filled Tabby fea ture, Ronald Fox tooled his six! cylinder Chevy past pole-setter John Settlemyre and his V-8 Chevv'y II to notch his third win of the season. The race was a re run of the contest of last Satur day when Fox was leading and | Settlemyre was on his bumper. Fox was spun in that race and Settlemyre went on to win the top money and a $50 fine ar.d probation for rough driving. This time the half-p-int driver from Taylorsville was first to the checkered flag, a whisker out front. iHariy Gant- nursing an ailing engine, was fourth in the Sports- ma contest and Benny Kerley was fifth. Larry Starnes, Roy Chatham and Roger Starnes were third through flftti in the Hobby feature as six-cylinder j cars dominated the action. | Eddie Lutz, celebrated an ear-i ly high school graduation byj winning his second rookie race. 1 He has the distinction of winning' every race he has driven in. j The year’s annual Powder Puff! Derby, an event for women, was! won by Adelyn Setzer of Hick ory. This next Saturday the track has scheduled a 99-lap Sports-, man race wHp the action begin- 8 p.. m. An aerial act by rhe Great Boros will be an added ' attraction. Single men accounted for 43 per cent of the annual increase in the labor force for the year ending .March 1971. Cutbacks in the military draft and a steady floMi of returning veterans help ed boost the number of single men in the civilian population. rescnlalive .Nick Galifianaki.s by 866 votes, 618<J to 5314. The Sen ator trailed the Repre,sci/tative in stale-wide voting. The county supixirted the three winners in -the four-man race for the .North Carolina House of Ib'pre-scntatives in the tliree- county 40th di.strict. They are Dr. Jack Hunt, Representative Robert (Bob) Jones, and Repre sentative Robert Z. Falls, wlio fln-Lshod in that order, trailed by ! Earl Owensby. • Owen.sby protested to the coun ty elections board the faet that ’! the “Dr" was used witii the name' of Dentist Hunt, but the state ooard secretary indicated he felt there w'as not sufficient ground.s to invalidate the Hunt vote total. THANK YOU I deeply appreciate the vote and support given me by the people of Cleveland County .in the May 6th Primary Election and look forward to your con tinued support in the second primary election, Sat urday, June 3rd. PAT TAYLOR Lt. Gov. of North Carolina Cleveland County Taylor for Governor Comm. Cecil L. Barrior, .M.D. Co-Chairman It all started when I was 2 ft» > II with a Home Savings&Loan Savings account My parents opened it for me and added to it each week, so that I'd always have some money of my own. We named it the Dream Fund — it was supposed to help make dreams come true. It did ... a lovely wedding, a new apartment, and a nest egg, too. inteiest compounded quarterly ■ / << All Earnings are paid 4 times each year as of the last day of March, June, Septem ber, and December. If your present certificates merit a change to earn the higher rales, we will be hap py to change them. ^ Savings deposited on or before the 10th of ooch month eom dividend for the whole month. Savings insured by the Federal Savings and Loan Insurance Corporation to $20,000.00, Home Savings & Loan Association East Mountain Stroot Established 1923 Ph. 739-2531
The Kings Mountain Herald (Kings Mountain, N.C.)
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May 18, 1972, edition 1
19
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