The Clinton chronicle. (Clinton, S.C.) 1901-current, February 01, 1951, Image 3
^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.
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