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^ursday^F>bruary 1, 1951 THE CLINTON CHRONICLE Pajfe Three Boy Scout Week To Be Observed Nation-Wide, Week Feb. 6-12 President Truman will greet twelve outstanding Boy Scouts in the White House at noon next Tuesday, Feb. 0 and most Governors will re ceive Scouts at state capitals to mark Boy Scout week when more than 2,- 750,000 members will celebrate the organization’s 41st birthday . Observed in every city and town and most villages and hamlets by more than 75,000 units, Boy Scout week, (Feb. 6-12), is the largest sin gle birthday observance by young Americans. On Thursday, Feb. 8, the day that the Boy Scouts of America was in corporated at Washington, D. C., the entire membership will recommit themselves to the Scout Oath or Pro mise at 8:15 p. m., in the four time zones. Anniversary Theme "Strengthen Liberty” is the anni versary theme. The organization has completed two years of a program known as “Strengthen the Arm of Liberty” which already has made it possible for four hundred thousand additional boys to enter Scouting’s ranks and for all members to enjoy a richer experience. There are now 831 Scout Council camps totalling 288,545 acres valued at more than eleven million dollars in land and eighteen million dollars in facilities and equipment. The largest single encampment ev er held in the Western Hemisphere was the National Jamboree last sum mer when 47,163 Scouts and leaders camped at historic Valley Forge, Pa. President Truman opened the Jam boree and General Eisenhower, a member of the Boy Scouts’ National Executive Board, spoke at a great Fourth of July ceMbration. During Boy Scout Week the Jamboree camp ers will hold reunions, show their GOLD THEATRE JOANNA, S. C Fit Fefc. 1-2 Branded Aba Udd la C olor Saturday Fab. S Grand Canyon Roy Rogers Ichabod And Mr. Toad Feb. 5-6 To Please A Lady Barbara Stanwyck Clark Gable Feb. 7 Wednesday Angel Of The Amazon George Brent Also CASH NIGHT NEXT— Two Weeks With Love Jane Powell films .pictures and mementos and re live thdlr experiences. The Jamboree, said Walter H. Annenberg, one of America’s leading newspaper publishers, was “a series of unforgettable images of youth dis playing its innate sense ot sportsman ship, comradeliness, ingenuity and steady responsibility.” “There at Valley Forge,” he said, “we sdw the best hope of human freedom. We saw there the power and enthusiasm that can shape to it? intended ends our still imperfectly achieved democracy.” Report to The Nation The twelve Scouts will present a “Report to the Nation” to President Truman in the White House summing up the service projects undertaken by Scout units throughout America last year. Nearly 100 leaders representing the Cabinet, the Senate, the House of Representatives and national organi zations will attend a breakfast in Washington, D. C., on Wednesday, | Feb. 7, with the twelve Scouts. Fol lowing sightseeing and visits with notables at the nation’s capital, the Scouts will go to New York to take part in other Boy Scout Week obser vances. Community Celebrations Representatives of churches, syna gogues, business and local govern ment will share in anniversary ob servances with the Scouts'in thous ands of communities.” There will be unit “open house” parties at which parents, relatives and leaders of in stitutions chartering Scouting will hear of the year’s accomplishments, programs, service projects and mem bership gains. Civil defense and conservation of the nation’s natural resources will claim a major share of the Scout's attention this Boy Scout Week. Mem bers will also inspect their homes to make certain no hazards exist Scout efficiency in emergencies, will be tested through surprise mdbllizatioos. Boy Scout Sunday will be observed Feb 11 In many churches with Scouts and leeden attending services in uniform. Those of Jewish faith will hold their observances in syna gogues and temples Friday evening and Saturday, Feb • and 10. Six-Inch Sermon Street Assessments, 1939—Schedule 15 10.43 Unpaid Taxes—Schedule 14 3,069 29 1 n v e n tones . *............................................................ U. S. Government Bonds—Series E Total Current Assets INVESTMENTS: Municipal UtiUties $ 790,212.40 Sinking Fund - 92,636.47 Total Investments FIXED & PASSIVE ASSETS: Departments’ Equipment $ 30,724 52 Streets, Sidewalks 8c Sewefage - 870,401.01 Land 8c Buildings 35,820.87 Total Fixed 8c Passive Assets RESTRICTED FUNDS: Utilities Construction $ 113,062.25 Street Improvements 36,263.73 » ■ Total Restricted Funds , ; Total Assets LIABILITIES CURRENT LIABILITIES: Notes Payable—Schedule 16 - Accounts Payable - Payroll Taxes Deposits—Water 8c Lights Due to Firemen’s Fund Total Current Liabilities FIXED LIABILITIES: Bonded Indebtedness—Schedule 17 Surplus: Surplus, September 1, 1949 $ 1,137,937.18 Less: Adjustment Water 8c Light Deposit 36.00 $ 1,137,901.13 Add: Net Operating Income Exhibit G $ 71,293 99 Less: Sinking Fund Loss 2,143 66 69,152.31 Surplus, August 31, 1950 Total Liabilities BALANCE SHEET—GENERAL FUND As of August 31. 1950 ! ASSETS CURRENT ASSETS Petty Cash $ 85.00 Cash In Banks - 29.082 54 Accounts Receivable Water 8c Lights -• 1«.4*4 16 Cemetery Lots — 280 00 Street Aaeeeement. 1939 10.43 Taxes—1848 1.833 82 Taxes—1848 68165 Taxes—1847 563 82 19,863.88 Less: Police Insurance 8c Annuity 900.00 ! Less: Parks 8c Playground Commission $ 57,043.411 Abattoir Income Less: Cost of Sales 832,848.87 936,946.40 $ 16,141 39 1,734.57 14,406 82 $ 4.137.63 3,285 57 852 06 360 00 $ 3.360 00 840 00 2,520 00 Miscellaneous 80 26 149,325.98 Total Income. EXPENSES: Administrative Expense—Schedule 1 Fire Department Expense—Schedule 2 Police Department Expense—Schedule 3 Health 8c Sanitation Expense—Schedule 4 ... Street Maintenance <5: Garbage—Schedule 5 Cemetery Maintenance—Schedule 6 General Expense—Schedule 7 Sewer Maintenance—Schedule 8 Public Library Maintenance—Schedule 9 $ 331,963 46 Water 8c Light Plant Maintenance—Schedule 10 $ 2,026,164.661 Power Purchased Donations—^Schedule 11 Interest Paid—Bonds 8c Notes Bad Debts Charged Off—Schedule Other Expenses—Schedule 13 53,400.00 17,057.43 509.00 2.967.00 3,177.74 1?. 13.461.16 12,043 08 34,161.68 3,729 55 45.687.17 6,55265 2,762 00 1,183 31 1.047 62 27,844 54 59,954 09 350.00 28,942 00 648 81 22,088 81 Total Expense 260,667 47 77,111.17 742,000.00 Net Operating Income—Exhibit A SINKING FUNDS As at August 31, 1950 Cash in Bank, Schedule .... Citizen's.Fed. Savings 8c Loan Association TOWN OF CLINTON BONDS: No. 36, 37, 41 A 48 Waterworks Improve- '1.295 99 233.91 10,750.50 ment Bonds—4% $ ; No. 64, 65 8c 66 Street Improvement Sc Main tenance Bonds—5% No. 63 Street Improvement 8c Maintenance Bond—5% 4.000 00 3,000 00 1,000 00 8,000 00 1307.053 49 L s GOVERNMENT BONDS: « 9 {*>* «« Senes G, No. 273188G—Dated Jan , 1942 ... $ * ' Series G, No. 273189G—Dated Jan , 1942 Series G, No. 2185937G—Dated Dec , 1942 iSeries G, No. 2311122G—Dated Sept., 1943 .... Series G, No. 2311123G—Dated Sept , 1943 . . Series G. No. X868-489G—Dated July, 1946 „ Series G, No. X0O0-498G-Dated July. 1946 „ < Senes G, No X706-864G—Deted July. 1946 „ $ 29,107 54 Senes F. No X336042F—Dated Aug . 1949 Series F, No. X317-703F—Dated Aug . 1949 5.000 00 , 5.000 00 5,000 00 5.000 00 5.000 00 10.000 00 10.000 00 5 000 00 7.400 00 3.700 00 01,100 00 Land For New City Hall .._ 12.508 00 Total Sinking Fund _ . 0 92.088 47 Inventories By REV ROBERT H HARPER Total Current Assets FIREMEN’S FUND-CONTRA: Cash in Bank - i US. Gov't. Savings Bonds—Series STATEMENT OF WATER & LIGHT OPERATIONS .9 863 .id Far Tear Ended A INCOME 4.834.25 Water Revenues Light .Reven ues 31. 19M $ t 53.8051: 32.090 57 140,533 03 S 101.223 00 Penalties 007 82 2.277 74 100 3.17T74 JESl'S MEETS GROWING HOS TILITY (TEMPERANCE i Mark S: Ml. Memory Selection: Mark 1: 17. The paralytic borne of tour is a fine example at Rm readiness at good men to help a man in distress, as, hearing of Jesus, they arranged to bear the helpless man Into the presence ot Jeeus They were ready to meet the cost in effort. They prepared some way to carry the bed. with the man lying on It, to rough the streets. They may teach us <d the wisdom of coopera tion in a food deed They may show us perseverance and resourcefulness under many difficulties Unable to reach Jesus through the throng about the door at the house where Jesus was. they toiled up the outside stairs with their burden and then let the man down through the roof at the very feet of Jesus. The house was the flat-roofed house of the East, and the men made an opening through the roof and let the man down. They were also men of faith to persevere in such fashion. Their faith, and that of the palsied man, was recognized by the Lord, and he said unto the afflicted man: “Thy sins be forgiven thee.” The temperance element in the lesson is inferential. The statement of Jesus, ‘Thy sins be forgiven thee,” indicates that the man’s terrible phy sical condition was due to a sinful way of life. The reader may be warned that nature will not pardon but will exact the penalty by and by. Thft_paly ^afe way is abstinence from sensual indulgence. FIXED ASSETS Fire Department Equipment Police Department Equipment „ Water ic Light Plant Equipment Street Department Equipment ~ Cemetery Equipment Office Equipment New City Hall Equipment Cemetery Property—Lota - Tout Income Less: Power Purchased $ 111.91142 39 954 J0 7,027.07 3.580 50 2.021 24 10,401 40 180 00 1.19087 Grom Income EXPENSES > 121 JOT 33 6.31050 ■ w. ..... Total Aasets ! Salaries Wages Supplies A Other Materials 30.734.52 Truck Expense 1 Tel. it Telegraph 17,707 J3 Chemicals LIABILITIES Notes Payable Accounts Payable . Withholding Tax _ 53.400 00 17,057 43 508 00 Water Analysis Bad Debts Depreciation Water Lights t Total 11.923 19 t 3,530 94 $ 3.883 87 • 420 01 2302 11 1.453 09 3.737 JO 284 01 788 91 1.074 32 •3 42 109 07 302 49 1.443 7) 1.443 73 28 00 20 00 040 01 200 00 721 88 921 M $ 7,900 81 S 8.190 02 9 29.414 43 29.414 43 Total Current LUfciUties OTHER LIABILITIES Depoelta—Water ic Lights Firemen's Fund—Contra 70.900.43 2 JOT 00 3,177 74 Surplus. August 31, 1950 0.144.74 10,050 70 Net Income 0 92.542 90 Note The above statement does not inoiude any charges for Bond Interest or Overhead expensas Total Liabilities BALANCE SHEET—CAPITAL FUND Aa at August 31. 1950 ASSETS UNEXPENDED BOND FUNDS: Utilities Construction Street Improvements t 07.707 93 3000000001 113 ,002 35 36,263 73 I 149.325 98 CALL 74 FOR TOUR PRINTING AND OFFICE SUPPLY NEEDS CONDENSED STATEMENT FROM CITY AUDIT AS OF AUGUST 31, 1950 Audit made by Robert B. Roper, Certified Public Accountant, of Laurens, at direction of City Council. CONDENSED BALANCE SHEET As at August 31, 1950 ASSETS Increase Aug. 31, 1949 Aug. 31, 1950 Decrease Current Assets - $ 39,566.53 $ 57,043.41 $ 17,476.88 Investments : 616,033.57 882,846.87 266,815.30 Fixed 8c Passive Assets 934,43358 936,946.40 2,512.82 Restricted Funds 393,564.22 149J25J8 244,238.24 Total Assets $1,983,597.90 $2,026,164.66 $ 42,566.76 LIABILITIES Current Liabilities $ 73,160.72 $ 77,1 U.17 $ 3J50.45 Bonded Indebtedness 772,500.00 742,000.00 80,500.00 Surplus 1,137,937.18 1,207,053.49 69,11631 Total Liabilities - $1,983,597.90 $2,006,184.66 $ 42,566.76 CONSOLIDATED BALANCE SHEET Aa of August 31, 1950 ASSETS . CURRENT ASSETS: Cash on Sc In Banks—Schedule 31 $ 31,446.28 Accounts Receivable: Water St Lights — — — 3 * 404*10 IS 390.00 MUNICIPAL UTELITIBS: Light Plant 8c Extensions Light Plant Extension—White Way .. Water Plant , Expenditures—Current Bond Issues: Uuiities Construction 217,29731 15,723 12 319,757.97 237,434.10 790,212.40 PASSIVE ASSETS: Curbing 8c Gutter Sewerage System Street Construction—Unpaved Street Paving Sidewalk Paving Expenditures—Current Bond Issues: Street Improvements 81,674.68 114,633.08 54,437.75 550,996.12 54,634.78 14,024.40 870,401.01 FIXED ASSETS: Abattoir Copeland Park Public Library Building Street Department Barn & Lot John H. Young Recreation Center 3,523.22 800.89 27,43031 3,066.45 1,000.00 35,820.87 Total Assets $ 1345,760.26 LIABILITIES BONDED INDEBTEDNESS: Bonded Indebtedness Surplus—August 31, 1950 .... $ 742,000.00 1,103,760.26 —:—; Total Liabilities STATEMENT OF OPERATING INCOME AND EXPENSE For Year Ended August 31, 1950 INCOME:. Property Tax Assessments $ Less: Nulla Bonas r : Savings Accounts 3%—DIVIDEND—3% 'We invite savings accounts from the people of Clinton and vicinity. You will like our friendly and efficient ser vice, and you will receive your dividend promptly each January 1st and July 1st. Any amount — from $1 up — opens an account. Each account is insured up to $10,000 by the Federal Savings and Loan Insurance Corporation. Two people may have up to $30,000 fully insured. Accounts by mail promptly acknowledged. Chartered and Supervised by the United States Government Laurens Federal Savings & Loan Association Telephone 22271 LAURENS’ LARGEST SAVINGS INSTITUTION 104 West Main Street Laurens, S. C. tammmmmssmsmmmmtmmmsmsmmstmmmummttmmm $ 1,845.760.26 06,876 97 2,902 51 $ 93,974.46 Licenses 8c Penalties Drivers’ Permits 8c Bus Licenses Light Revenue J. : Water Revenue Penalties: Tax Assessments Light 8c Water 12,64523 319.74 148,533.03 32,680.57 21464 687.82 90246 State Aid: Motor Transportation Fund Bank Tax Beer St Wine Liquor 0,11033 1,040.97 4,070.12 12J4S.41 24,078.13 LOANS LOANS ON AUTOMOBILES, SIGNATURE, FURNITURE, APPUANCES Friendly, Confidential Service A. B. C. Finance Co. 104 PITTS STREET CLINTON, S. C. \ - L