The sun. [volume] (Newberry, S.C.) 1937-1972, August 09, 1962, Image 4

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J. V PAGE POUR THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA THURSDAY, AUGUST 9, 1962' Those of you who like to select, your clothes from the earlier arrivals should come soon to ... Carpenters NEWBERRY. S. C. RITZ Theatre THURSDAY, FRIDAY Shirley MacLane. Yves Montand, Edward G. Robinson, Bob Cummings MY GEISHA Also a Color Cartoon SATURDAY, MONDAY, TUESDAY, WEDNESDAY John W T ayne, Hardy Kruger, Else Martinelli “HATARI” Also a Color Cartoon CLOVER LEAF DRIVE-IN Theatre THURSDAY ; Peter Ustinov, Sandra Dee, John Gavin Romanoff and Juliet In Color Also a Color Cartoon AMERICANA CoVege Notebook Drexel Institute oE Technology EiUm I Drexel Institute of Technology, founded in 1891 by Anthony J. Drexel, Philadelphia financier and philanthropist, was originally named the Drexel Institute of Art, Science and Industry. The present name, more descriptive of the Institute’s current major function in the field of higher education, was adopted in 1936. f LECTR/c p/wp. AM ANNUAL BUSINESS MEETING NEWBERRY COUNTY FAIR GROUNDS THURSDAY, AUGUST 16, 1962 — 7:30 P.M. Prizes and Entertainment! ENTERTAINMENT WILL BE IN THE FORM OF A VARIETY SHOW FEATURING: Arthur Smith & His Cracker jacks WeU-Known Radio and Television Stars from WBT & WBTV, Charlotte, North Carolina Also a Number of Nice Prizes Will Be Given To The Lucky Registered Members Business Meeting, Too! In addition to fun and entertainment, there will be an im portant business meeting’. You will hear reports from the of ficials and employees regarding the operation of your Cooper ative and you will elect three directors. Plan Now To Attend This Annual Meeting. It Is Your Privilege — Your Responsibility! NEWBERRY ELECTRIC COOPERATIVE INCORPORATED HOME OWNED BY THOSE IT SERVES FRIDAY & SATURDAY James Brown, Frances Rafferty [s of Chance In Color Also a Color Cartoon SUNDAY, MONDAY & TUESDAY Mamie Van Doren, Tuesday Weld, Mijanou Bardot Sex Kittens Go To Collegi Also A Color Cartoon Like other institutes founded at the turn of the century, Drexel rapidly affected changes in cri teria for admission, standards of accomplishment and curricular content which led to collegiate status for its work. The first bachelor’s degrees were granted in engineering in 1915, in home economics in 1919, and in business administration in 1926. Today, the Institute consists of a College of Engineering, A Col lege of Business Administration, and a College of Home Econom ics which grants bachelor’s and master’s degrees; a Graduate School of Library Science, which conducts a one-year-full-time course and a three-year part time course, each leading to a master’s degree; and an Evening College and Diploma School offering cur ricula in architecture, engineer ing, business and industrial ad ministration, mathematics, phy sics, and chemistry leading after eight years of evening study to the Bachelor of Science. Total enroll ment is in excess of 8,200, with Evening College students approx imating 2,800. Dr. James Creese is the Institute’s president. A notable feature at Drexel is the plan of cooperative education, in operation since 1919, under which business and industrial or ganizations cooperate with the Institute by enabling students to acquire practical experience re lated to college studies through alternating periods of service in their organizations. Each year some five hundred firms located in fourteen states and the District of Columbia employ Drexel stu dents on cooperative assignments. Cooperative educ-tlcu is required of engineering students and is optional for those enrolled in home economics and business administration curricula. Drexel Institute of Technology is a member of the Association of r American Colleges, the Asso ciation of Urban Universities, the American Council on Education, and the Middle States Association of Colleges and Secondary Schools. Biq REDUCTIONS on a All cotton satins—$1.19 & Sand Crepes—1.39 and 44’ Dark cottons in a variety of II Summer Materials! 98c—Now 79c wide. Now 98c patterns and prices. CAROLINA REMNANT SHOP - WANTED - Black Walnut Logs and Timber Highest prices paid for logs delivered our yard on 321 By-pass, Winnsboro, S. C. Log buyer on yard every other Thursday, 8-12 A. M. FREE ESTIMATE ON STANDING TIMBER For more information call or write: WOOD MOSAIC CORPORATION Box 5234, Asheville, N. C. ALpine 3-0401 t FLAT-FOOT... St. Fla., pelican with fury as he hr jndden downpour. He , a wet hen • •. er, peUcSB* CONDENSED STATEMENT OF CONDITION THE SOUTH CAROLINA NATIONAL BANK Oldest and Largest in South Carolina JUNE 30, 1962 RESOURCES Cesli end Due from Banks Securities: U. S. Government State, County and Municipals Other Federal Reserve Bonk Stock .. Total Securities Loons and Discounts Less: Reserve for Possible Losses G. K. DOMINICK DAVID l. HAYES ML C. A. KAUPMANN W. HENRY LOMINACK JOHN T. NOWS E. B. PURCELL M. O. SUMMER T. ROY SUMMER Net Loans and Discounts Bonk Buildings Furniture and Equipment Income Earned—Not Collected Prepaid Expenses and Other Resources Total Resources .$ 56,505,678.21 .$ 77,797,946.03 . 12,410,603.27 . 1,124,434.46 510,000.00 $ 91,842,983.76 137,489,704.17 , 2,900,000.00 .$ 134,589,704.17 _$ 4,158,625.00 _ 1,511375.00 501,299.46 907,465.10 .$290,017,130.70 LIABILITIES, CAPITAL AND RESERVES Deposits: Demand Time Total Deposit Liabilities Net Worth—Invested and Earned: Capital—Common Stock ($5 Par) Surplus Undivided Profits .$216,142,131.59 . 39,239326.05 .$255381,457.64 $ 4,608,890.00 _ 12391,110.00 4,122339.71 Total Capital or Net Worth Federal Reserve Bonk—Deferred Credit.. Reserves: For Dividends For Income Collected—Not Earned For Federal Income Taxes 21,122,539.71 6362,566.52 230,444.50 3342,582.21 1,124,500.00 2,553,040.12 $ 7350,566.83 Total Liabilities, Capitol ond Reserves —$ 290,017,130.70 For Accrued Expenses ond Other Reserves — SOUTH CAROLINA NATIONAL M*mb«r Federal Deposit Insurance Corporation J/te &ank fa* Co&ufaodtf. Hove Describes New Equipment J. M. Hove of Newberry Cream ery has completed a comprehensive training session on the new De- Laval milking system. The session was held at Columbia on June 13. “This new milking system,” says Mr. Hove, “is really going to give dairymen impressive time savings and bring herds up to their full profit and production potentials. I’ve seen the results of its use and there’s no doubt that it provides the fastest, cleanest and healthiest milking possible. It even eliminates hand stripping on all but the slowest milking cows and really gets all the residual milk.” Mr. Hove points out that the new system is applicable to any installation—pipeline, suspended, floor-type and cow-to-can. There has been no increase in price over previous equipment. Mr. Hove is now scheduling free trial demonstrations of the new milker. Champion Pays Dividends At a meeting of the Directors of Champion Papers Inc. today a divi dend of $1.12 Vi per share was de clared on the preferred shares, payable October 1, 1962, shares of record September 4, 1962. Also a dividend of 30 cents per share on the common shares, payable Sep tember 1, 1962, shares of record? August 13, 1962. SMYRNA PASTOR ON VACATION The Rev. and Mrs. Otis Brown are spending their vacation at Montreat and Niagara Falls. While they are away the Smyrna Presbyterian church will have Sunday school at 9 a.m. next Sun day and worship services at 10. The Rev. Frank M. Brown, son of Rev. and Mrs. Brown, of the For est Hill Presbyterian church of Charlotte, N. C. will bring morning message. The congregation is asked note the change in hour of service. the INVITED INTO HONORS PROGRAM Three young women from New berry County are among the 131 Winthrop College freshmen who have been invited to participate in the college’s honors program for the academically gifted. They are Arianne Graddick and Pamelia Senn of Newberry and Barba Anne Lindler of Little Mountain. ATTEND EDGEFIELD SOCIETY MEETING Sydney Carter has returned to his some in Charleston after a week’s visit here with his grand parents, Mrs. and Mrs. Richard L. Baker. W T hile here, Mrs. Baker r Sydney and Judge Eugene Blease attended the 23rd annual meeting' of the Edgefield County Historical society on August 1st. CLASSIFIED! * \ ADS * ^ REUNION TO BE HELD SUNDAY The Carter Wilson and . Ellen Oxner reunion will be held at Mt. Bethel Garmany school house on August 12. All descendents are invited to come and bring a pic nic lunch and sweetened tea. Din ner will be served about one p.m. Mr. and Mrs. Joe Campbell are now residing at 1531 Caldwell St. I Carpets clean easier with the Blue Lustre Electric Shampooer only $1 per day. Richard L. Baker. WE ARE PRICING and putting on the floor, right now, five cases of European merchandise- We still have our regular stock of American goods and expect another American load soon- NOAH’S ARK, Abbeville, S. C. 14-3tc DAIRY DISPOSAL SALE—DAY- SON FARM, D. T. Davidson, own er, CHESTERFIELD, S. C. 12:60 NOON, AUGUST 10, 1962. 91 Guernsey to be sold at Auction; 18 just fresh, 31 calving for Fall base production. Also 32 open hei fers and 2 young bulls. Contact r N. C. G. B. A. & S. C. G. C. C. Mack H. Alman, Field Represen tative, P. O. Box 1961 Spartan burg, S. S. Telephone 582-4879. 2t HELP WANTED—See me for a good Rawleigh business in Immed iate area Products well establish ed. Good permanent business for steady, dependable man. I sell nearby. Will help you. See or call B. H. BAGWELL, Route 3, Box 171, Newberry, S. C. or write to- Rawleigh, Dept. SCH-361-805^ Richmand, Va. Aug.2,9,16,23,3(> FOR SALE-—134x192 depth lot frontage, good location on Douglas street, Phone 305. NEWBERRY PHONE 1549 1119-21 BOYCE ST. Continuing... Our 78th Anniversary Sak Tremendous Savings in MENS WEAR Florsheim Shoes $15.95 25% Savings on Fall Suits, Sport Coats, Slacks and Sweaters. many, many other big sav- thruout the entire store dur- >ur Anniversary Sale! SI. £>ummrr, Jtor. (The JHan’a g>fjDp P.S.: Sorry, cash only - no charges.