The sun. [volume] (Newberry, S.C.) 1937-1972, July 06, 1967, Image 5
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