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i 9 Page Four THE NEWBERRY SUN. NEWBERRY SOUTH CAROLINA THURSDAY, MAY 16. 1963 THE “SPECTATOR'S” COLUMN One hundred thousand fore-1 closures of mortgages on homes I in our Nation may bring sorrow; to that many families, according to a report in the newspapers re cently. I quote the newspaper ac count: Close to 100,000 people will lose their homes through mortgage foreclosures this year. Most of the homes will be small houses in the $10,000 to $15,000 class. Some will be now. Others will be older homes the typical owner will have had his house less than three yers. The number of foreclosures is high—too high—and it is causing worried discussions within the administration and in congress. The Federal Housing Administra tion recently completed an elab orate study of the problem. The Housing and Home Finance ag ency is conducting an investiga tion. The Senate Housing Sub committee staff is preparing a special report. This year’s expected 100,000 foreclosures will be more than last year’s 86,444 and that was the largest number since the de pression year of 1939. The record total came in 1932 when 252,400 people defaulted on their mortga ges. ‘It’s not an alarming situa tion but it isn’t healthy’, a top government housing' official de clared. A great many people are being hurt. The number of foreclosures has been rising almost steadily since the end of World War II. The only bright spot is that the volume seems to be nearing a peak. But no one believes that the tide will recede any time soon. The foreclosure situation doesn’t look quite so bad if you put it in statistical percentages instead of people. The number of homeown ers is increasing steadily and only four-tenths of one per cent of the mortgaged homes were foreclosed in 1962. The poorest performance is be ing turned in by the government- backed mortgages. Foreclosures of FHA-insured mortgages are running at about 1 per cent rate while foreclosures of Veterans Administration guaranteed mort gages are at a higher rate 1.72 per cent. The FHA and VA programs were created to help people buy homes and the foreclosures are the price that is being paid. Con gress has made it possible for a man to buy a $15,000 house by making a 3 per cent, $450 down- payment. He can borrow the re maining $14,550 from a private lender who will be insured by the FHA. If it is a new house, the borrower can have 35 years to pay. If it is an existing home, the maximum is 30 years.” You will note that the hundred thousand cases are for this year, but little encomagem$nt can be found in the general condition when we keep .in^ nrii^d^ tfeat the foreclosures last year numbered 86,444. v Since the figures appear to be foreclosures under Federal loans we may well conclude that quite a few thousand people lost their homes because of failure to pay loans from other sources. As used to be said, the foreclos ures give us considerable pause for they indicate a decidedly, un healthy condition. One may well conclude that credit has been too easy: many people have built homes and moved about freely with little loss because often the payments have been even less than rent. When a man works and saves for years he regards his home as a castle to be defended at all costs, but if his down payment is very little and his monthly in stallments less than rent he has no cherished regard for his house: it isn’t like a castle, to be held in- vioable. boys, columnists, pieces of paper, and the household chores—you get the urge to go away from here. Going fishing is the only explana tion in the world that even skep tics will accept.” “Next to prayer, fishing is the most personal relationship of man; and of more importance, everyone concedes that the fish will not bite in the presence of the public.” “This civilization is not going to depend upon what we do when we work so much as what we do in our time off.” “The break of waves in the sun, the contemplation of th« eternal flow of the stream, the stretch of forest and mountain in their manifestation of the Maker —it is all of these that soothe our troubles, share our wicked ness, and inspire us to esteem our fellow men—especially other fish ermen.” Yes, verily. “When I behold thy heavens the work of thy fingers, the sun and the moon which thou has ordained, WHAT IS MAN, that thou art mindful of him?” That was David marvelling at the handiwork of Jehovah. David was a sort of spiritual uncle of Mr. Hoover. ‘ The earth is the Lord’s, and the fulness thereof; the world, and they that dwell therein: For he hath founded it upon the seas, and established it upon the floods. Who shall ascend into the hill of the Lord ? or who shall stand in his holy place? He that hath clean hands, and a pure heart; who hath not lifted up his soul unto vanity, nor hath sworn deceitfully. Whc} is the king of glory? The Lord of hosts, he is the King of glory. Selah.” (Psalm XXIV-vs. 1, 2, 3, 4, and 10). Mr. Hoover, naturally a de vout man, must, like David, sit in quiet meditation, letting his mind play on the contemplation of the Most High in His daily pro vision for mankind everywhere. Mr. Hoover, after a long and eventful life, with technical pro fessional service as a Mimng en gineer in far off places; and ser ious dedication to the public here, turns from the “maddening crowd’s ignoble strife,” to the calm and stable things of life. Boys In Service U. S. FORCES, GERMANY (AHTNC)—Army Specialist Five Joe E. Dowd, 26, whose wife, •Brenda, lives in Prosperity, took part in Exercise GRAND SLAM II May 2 through 7 with other members of the 69th Engin'er Company in Germany. Specialist Dowd, who arrived overseas in January 1961 on this tour of duty, is on offset press man with the company in Germ any. He was graduated from Littl® Mountain high school. His parents Mr. and Mrs. J. C. Dowd, live on Route 3, Prosperity. tm 111 Well, here’s ex-President Her bert Hoover, telling of the philo sophic angle of fishing: “All men are equal before fish.” “When you get full up of tel ephone bells, church bells, office Now Serving Newberry and Surrounding Areas WARKMEISTER ELECTRIC SERVICE 1603 Johnstone St. Newberry, S. C. Phone 276-5109 '/5AFETV IF YOUR r * A r E • T OF YOUR INSURED There Is a Difference... There’s a big difference between banking and sav ing. Your’re banking when you deposit “put and take” dollars in an account for day to day use. You’re saving when you add regularly to your re serve savings account at Newberry Federal. Highest rate of dividend with guaranteed safety and immediate availability. Twenty-eight years of uninterrupted dividends. Paid twice a year, June 30th, December 31st. If you wish to open an account by mail, simply for ward your check to the association giving your name and address. Your savings account book will be for warded to you the same day the investment is received. CURRENT DIVIDEND RATE 4 0/ PER /ft ANNUM (Compounded Semi-Annually) ifl* hPl favisos amd Loam Assocjatjom J. F. CLARKSON M. O. SUMMER A SAVINGS INSTITUTION FOUNDED ID'35 I88R COXJLSOB 8TB81 DIRECTORS G. K. DOMINICK J. K. WILLINGHAM BRANCH OFFICE —Baiesburg, S. C. r, 8. c- E. B. PURCELL W. C. HUFFMAN mil Wm mi. m m m Winthrop Senior Bamma Kay Ashley of Whitmire is a candi date for a Bachelor of Arts de gree in English at Winthrop College commencement exercis- e s May 26. She is the daughter of Mr. and Mrs. Ben F. Ashley. CLASSIFIED! ADS We have a product for vinyl and other floors known as Seal Gloss acrylic finish. It’s terrific. Whit aker’s Floor Coverings. HELP WANTED—If you will work you can earn steady income selling Rawleigh Products. No Capital necessary. Write RAW LEIGH, Dept SCE-361-883, Rich mond, Va. M2,9,16,23,30 SPARE TIME INCOME—Refill- ing and collecting money from NEW TYPE high quality coin op erated dispensers in this area. No selling. To qualify you must have cp , references, $600 to $1900,00 sh. Seven to twelve hours week ly can net excellent monthly in come. More full time. For personal interview write P. O. Box 4185, Pittsburgh 2, Pa. Include phone number. RITZ Theatre THURSDAY, FRIDAY AND SATURDAY Frankie Avalon, Mariette Hartley, Lloyd Bochner Drums of Africa MONDAY & TUESDAY Pat Boone, Barbara Eden, Steve Forrest, Jack Klugman The Yellow Canary CLOVER LEAF DRIVE-IN Theatre FRIDAY AND SATURDAY The War Lover St e ve McQueen, Robert Wagner, Shirley Ann Field SUNDAY The 300 Spartans Richard Egan, Diane Baker, Sir Ralph Richardson Always a COLOR CARTOON •v ^ - n — ' S&M 11 $$$! m Winthrop Senior Maeberta Bobb of Newberry is a candidate for a Bachelor of Scienc* degree in physocal education at Winthrop college commencement exercises May 26. She is the daughter of Mr. and Mrs. Carl F. Bobb. ■Si i* X'-:---: >' . x : mm m x?:5@ : .vXX ass? •lr xx:Xxg:i !■ ils llii Winthrop Senior Kay Livings ton of Newberry is a candidate for a d e gree of Bachelor of Arts degree in English at Winthrop College commencement exercises May 26. She is the daughter of Mr. and Mrs. Aubrey Davis of this city. : >x : x : : : x : :*x¥ : ; ; : : : : : : ; :'XvX : : : x x-x-x-x-x-:- • mmm x-xx-x:- tm St •x*M<-X‘:*: , x%vXvvf: , x-:*xwX , 5n88x?:*x*xw , :v: , .*i v.’.v.’.-.v.vo'-’-S’.w.v.wXv.-.-av.V.'.V.M •x «- x. ip* • | X.JvX-JwX'X-X-XvX-Xvft'Xv Winthrop Senior Martha Jean Longshore of N e wberry is a can didate for a Bachelor of Arts degree in Spanish at Winthrop College commencement exercis es May 26. She is the daughter of Mr. and Mrs. James M. Long- shor*. m ::#xixx fx-Xy P» X : X;X iiisl wm Winthrop Senior Sylvia Lee Rayfield of Newberry is a can didate for a Bachelor of Arts degee in Spanish at Winthrop College commencement exercis es May 26. She is the daughter of Mr. and Mrs. Horace Bivens Rayfield. Cook-Johnson Vows Exchanged Mr. and Mrs. Harold O. Cook announce the marriage of their daughter, Susan Arlene, and Mr. Sammie Earl Jqhnson, son of Mrs. Mary L. Johnson of Orlan do, Florida. The marriage was performed in Lincolnton, Ga. on May Sixth. Recent Movings Mr. and Mrs. Harold Coates moved to their new home, 2247 Derrill Avenue. Mr. and Mrs. Earl Bigby have returned to Newberry and are making th®ir home at 1446 Cal houn street. Named Kendall Vice President BOSTON, May 14. — George McQuilken III, newly appointed manager of the Kendall Comp any’s Textile division, has been elected vice president of the com pany, Kendall President Harold T. Marshall announced today. The headquarters of Kendall’s textile operations are in Charlotte,, N. C. Mr. McQuilkin succeeds L. A. Savage, who retires at the end of next month after 36 years of ser vice with the company. The Ken dall company also manufactures surgical dressings, elastic webs, nonwoven fabrics, elastic stock ings, and polyethylene adhesive tapes. Mr. McQuilkin joined the Ken dall company in 1938. During World War II he was in the Air Force and then was associated with Lybrand, Ross Bros, and Montgomery before returning to Kendall in 1948. He served as con troller of the company after being controller of both the Textile and Chicago divisions. Mr. McQuilkin has been in full charg* of the functions of the J. W. Wood and company since its acquisition by Kendall in 1961. An alumnus of Pennsylvania Military college, he is also a grad uate of the Harvard Business school. Smiley Porter of Florence spent several days last week in th e city on business. iii Australia leads the world in wool production. The annual clip from the country’s 131,000,000 sheep sells for about $900,000,000. • • • The composer of “Carry Me Back to Old Virginny”—James A Bland, was born in Fiuihing, New York. • • • An estimated 60 per cent of the total free world nickel supplies available in 1957 was dauirered to the United States. * • • e Bituminous coal moves by barge over the Ohio River at the rate of 18 mtDton tons per year. I '< ■. EvX>X wm* m ■mm ■lil imm X ; x : : : ■ ! m Svivix.:? I r. / k xx,: :-x- mmm, X. ■■ X ■i&ti mm i' i I s J “THE GAY NINETIES” was the theme when the Junior Class of Newberry High School honored the Seniors last Friday night at the school cafeteria. Among those enjoying the occasion were, from left, Murrie Alice Shealy, secretary-treasurer of the Junior class and her escort, Ben Rook; Martha •Brown, president of the Senior Class and her escort, Neal Dickert, president of the junior Class; Bubba Coleman, vice-president of the junior class a and his date, Luellen Neel. (Sunphoto.) Notice to Citizens of Newberry Due to some apparent confusion concerning the ordinances regulating garbage collection and lot clean ing, those sections of the ordinances pertaining to these matters are published in full elsewhere in this issue. Citizens are notified that limbs, leaves and matter of this nature is now handled by the street department, and matter of this nature should be left at the edge of the street to be picked up. If such matter is in a yard, the street department must be notified by calling tele phone No. 276-4193, and the trash will be picked up if in a location conveniently available to the trash truck. FOR FURTHER INFORMATION OR SERVICE, TELEPHONE 276-4193 City of Newberry