University of South Carolina Libraries
The Newbery Sun, Newberry, S. C., Thursday, July 6, 1967—PAGE 5 Hollings seeks more funds for rural areas Senator Ernest F. Hollings (D-S.C.) has become a co sponsor of Senator George Aiken's (R-Vt.) proposal to greatly expand federal (rural development programs funded through the Farmers Homcj Administration of the Depart ment of Agriculture. The amendment introduced in this session of the Congress by Senator Aiken would give the FHA new authority to loan and grant funds for community centers, increase the author ized grant funds for rural water and sewer systems from $50 million to $150 million and eliminate the FHA’s present loan ceiling of $450 million. Authorization for water and sewer planning funds would also be increased under the Aiken amendment. Hollings said “no need has been made clearer to me since coming to Washington than the need in South Carolina to encourage and assist in the development erf rural towns and communities. The Farmers Home Administration has a good record for spending wisely and has made an initial import ant investment in those areas.” “ Development of the rural areas in South Carolina is necessary if we are to continue the economic progress that has boomed in the last few years. An increase in the FHA pro gram which is extremely sen sitive to local conditions, is the best way to help our rural areas without giving them a handout,” Hollings said. Dr. Scurry, 73, Dies; native of Chappells Dr. Carrol Jenkins Scurry, 73, Greenwood’s oldest active physician and surgeon, died Saturday morning at his home. He had practiced medicine in Greenwood since 1919 and had been active in the civic, relig ious, social, and cultural life of Greenwood. He was born at Chappells, a son of the late Dury Ralph and Nancy Bu- lock Scurry, and was a grad uate of Wofford college and of Emory University Medical School. He served as a medical officer in World War I. Surviving are his widow, Mrs. Lila Malone Scurry; two sons, Dr. John C. Scurry and Dr. Ralph B. Scurry, and one daughter, Mrs. W. K. Charles Jr., all of Greenwood; three sisters, Miss Lillian Scurry of Chappells, Mrs. Bradberry Dyer of Madison, N. J. and Mrs. Lu- cien Sammons of Huntington, W. Va.; four brothers, Roy of Summerville, Grady of Laur ens, Ralph and Wilson, both of Chappells. PROPERTY TRANSFERS DEED TRANSFERS Newberry No. 1 Pope L. Buford, Jr. to William R. Bufou., one lot on Hunt St., $5. Bennett L. Bishop to Thomas J. Dominick and Anita F. Dominick, one lot, $5. James P. Bishop to Thomas J. Dominick and Anira F. Dominick, one lot, $5. Fay M. Gray fo William H. White and Mary Frances White, two lots nnj one ouild- ing on Hillcresi Kd.. $5. Hal Rohn, Sr tc Mutual £uildert> Inc., one lot. $5. Mutttfu Rudders. Inc. to Dock Braxtofr Hayes, Ji. one lot and one building on Harrington St., $14,5<ty' : Emhia Miller to James L. Mack ihd Mary Ruth Mack, one lot on Wheeler St., $5. James L. Mack and Mary Ruth Mack to Raymond Lee Koon, one lot on Wheeler St., *5. Jim W. Nelson and Jean C. Nelson to Herbert L. Stutts and Vivian D. Stutts, one lot and one building on Heroes Ave.,. $5. Eliza Jane McQueen to Cora fames Glenn, one lot on Harris St., $5, love and affection for sister. Whitmire No. 1 J. M. Flowe to Jesse Carrol Roller and Sandra L. Roller, one lot and one building on Brown St., $5. Prosperity No. 7 Eula J. Bedenbaugh, David E. Bedenbaugh and Earl J. Bedenbaugh to George Ernest Shealy, 69 acre, $5, gratitude and reward. Alice C. Fowler to Roy B. Gregory and Frances L. Greg- org, one lot, $5. STATEMENT OF CONDITION The State Building & Loan Association Newberry, South Carolina After the Close of Business June 30,1967 ASSETS LIABILITIES f FIRST MORTGAGE LOANS Loans on properties in Newberry and vicinity being retired in month ly payments $6,428,740.17 SAVINGS AND INVESTMENT SHARE ACCOUNTS Funds placed into the Association for savings and investments $7,487,261.77 SHARE LOANS Loans secured by Savings and In vestment Share Accounts of the As sociation 83,472.59 LOAN S-IN-PROCESS Undrawn balances on construction, repairs and modernization of homes. Also, deposit for purchase of homes. 134,273.80 REAL ESTATE SOLD ON CON TRACT REAL ESTATE OWNED OFFICE BUILDING Less Depreciation MISCELLANEOUS ASSETS This consists of furniture and fix tures owned by the Association and certain expenses prepaid. 3,130.67 4,659.28 52,151.01 124,693.54 < SPECIFIC RESERVES RESERVES AND UNDIVIDED PROFITS These reserves insure the stability of this association and protect mem bers against all possible or contin gent losses OTHER LIABILITIES 6,810.58 429,165.92 845.30 FEDERAL HOME LOAN BANK STOCK 60,500.00 Our membership in this Bank Sys tem places at the disposal of our Association $2,470,000 of addition al funds if desired • U. S. GOVERNMENT SECURITIES . 600,000.00 OTHER INVESTMENTS 6,396.49 CASH ON HAND & IN BANKS .... 694,613.62 This amount provides ample funds to cover all approved loan applica tions as submitted and accepted $8,058,357.37 $8,058,357.37 HOME LOANS INSURED SAVINGS Dividend Rate 4 1 /2 ( fo Per Annum, PAYABLE SEMI-ANNUALLY AH funds placed with the State Building and Loan Association by the 10th of each month will receive earnings from the first of that month. Each savings account insured up to $15,000.00 by the Federal Savings and Loan Insurance Corporation, Washington, D. C. Use Our Convenient Drive-in Facilities OFFICERS R. B. Baker, President Pinckney N. Abrams, Executive Vice-President & Secretary Doris S. Setzler, Treasurer DIRECTORS Louis C. Floyd R. Aubrey Harley Thomas H. Pope R. B. Baker Pinckney N. Abrams —MEMBER— Federal Savings and Loan Insurance Corporation United States Savings and Loan League Federal Home Loan Bank System South Carolina Savings and Loan League