The sun. [volume] (Newberry, S.C.) 1937-1972, June 04, 1970, Image 4
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I'AfiK 4— r rhe Newberry Sun, Newberry, S. C., Thursday, June 4, 1970
Aw,-ml winners at Commencement Kx-
mciscs of Newberry Hiyh School Friday
ni.u'ht U(M - e, from left seatc'd: Karen Kelly
lleta Club Scholarship; Nancy Floyd, A
merit an Fe^'on Auxiliary Post 24 yolu
.Medal in honor of Dr. O. I>. Cannon, and
Dan forth "I Dare You” Award; Mary Ba
ker, Maryaret Farrow Music Award yiver,
by Miss Juanita Hitt; David Reames, Har
riet Jones Mayer History Medal and tht
Woodmen of the VV r orld Insurance Com
pany history trophy.
Back row, Craiy Morehead, Student
('ouncil Medal; Jimmy McFntire, Phi Beta
Kappa Fraternity Certificate of Honor for
highest scholastic aveixiye in full collect
preparatoiy course; also the Danl'orth “I
Dare You” Award and the Bausch-LomL
Science Award for- the highest average ir
science and mathematics during four
year's; Jimmy Butler, Newberry Obser
ver gold medal for athletics and scholar
ship; Danny Moore, DeKalb Agrieultura
Association pin and Certificate of Honor
and Danny Yar borough, Key Club. Scholar
ship of $200.
Craig Morehead and Debbie Stone won
Beta Club recognition. Not pictured art
Sandra Bedenbaugh ; Home Economics A-
ward, and Doris Bedenbaugh; who was
given a Civinette Scholarship of $200.
‘Pork-O-Rama’
scheduled in
Columbia
The program has been an
nounced for the June 17 “Pork-
O-Rama” at the State Fair
grounds in Columbia, and ac
cording to County Agent A. F.
Busby "it should offer some
thing for everyone interested in
the swine industry."
Registration, commercial ex
hibits and pork snacks will be
on the agenda from 8:30 a.m.
to 10 when the program starts.
The keynote address comes at
10:10 by David H. Stroud, presi
dent of the National Livestock
and Meat Board of Chicago.
"Following his address will be
another highlight, a panel pre
sentation representing all seg
ments of the industry from pro
ducer to retailer." says Busby.
Lunch will be from 1 to 2 p.m.
m the Redwood Cafeteria, with
Bov Robert F. McNair the
speaker.
There's also an interesting af
ternoon program lined up. Bus
by says, with these speakers
and topics:
"Financing Pork Production
in the Seventies", Robert A.
Darr. president of the Federal
Intermediate Credit Bank and
Federal Land Bank. Columbia.
New Facts and Figures on
the Fconomies of Production
and Marketing of South Caro
lina Pork". Dr. W. J. Lanham.
head of the Department of Agri
cultural Economics and Rural
Sociology. Clemson University.
And. "The Job Ahead: To
Realize Our Potential". Dr VV.T.
O'Dell, director of the Ciemson
Extension Service.
Swine production has been one
of the fastest-growing farm en
terprises in S. C recently, and
authorities feel there is still
room for expansion if under
taken on "a sound basis".
"Statewide." says Busby, “our
cash receipts for swine totaled
over $2;i million in 1969. This
was up some $6 million from
1968. and production is still
growing.
In Newberry County, he says,
growth has been rather mod
erate. "We've had some expan
sion by established producers,
and some new facilities put in
by people just getting into it."
Progress in the county also
is reflected in swine production
income, totaling $220,890 in 1959
according to Busby, and hitting
approximately one-half million
for 1969.
"New technology in product
ion. the automated systems, and
the upgrading of swine stock
are bringing a new look and
new opportunity to the field."
he said.
He feels that growers in S.C.,
with the climate, corn-growing
possibilities, and other favorable
factors are in a good position
to compete.
He puts it this way:
"Swine production has a lot
in his favor. It will fit in with
almost any type farming opera
tion. We can grow the feed. Lim
ited acreage is needed, and in
this state we aren’t meeting re
tail demands. We’re still im
porting pork.
"There is some evidence that
the high markets of the past
couple of years are cooling, but
the potential should be there.
"Somebody’a going to be sell
ing. If a man goes into pork
production on a sound basis,
so that he can produce at max
imum efficiency and market ec
onomically, he ought to be able
to meet the competition and
make some money."
A Memorial Wreath is placed at the Doughboy Monu
ment on the Square on Poppy Day by Mrs. Frank Martin,
right: president >t‘ the American Legion Auxiliary and
Mrs. W. Roy Anderson, Poppy Day Chairman.
(Sunphoto)
Marriages
C. Judson Wofford, Jr. of
Columbia and Marie F. Domi
nick of Newberry were married
here on April 10.
Charles H. Gray, Newberry,
and Nancy G. Williams, Olar
were married in Newberry on
April 25.
Billy Earl Waites and Brenda
Joyce Cromer of Pomaria were
married in Pomaria on May 2.
James T. Long, Sr. and Edith
F. Stack of Newberry were mar
ried here on May 8 by Probate
Judge Frank H. Ward.
State Bank No. 67-693-532
CONSOLIDATED REPORT OF CONDITION OF
THE BANK OF COMMERCE
OF PROSPERITY IN THE STATE OF SOUTH CAROLINA
AND DOMESTIC SUBSIDIARIES AT THE CLOSE OF BUSI
NESS ON APRIL 30. 1970.
ASSETS
1. Cash and due from banks (including $
unposted debits) $ 645,848.06
2. U. S. Treasury securities ...... . 644,753.69
3. Securities of other U. S. Government agencies
and corporations 475,509.37
4. Obligations of States and political subdivisions 984,393.99
5. Other securities (including $ corporate
stocks) None
6. Trading account securities None
7. Federal funds sold and securities purchased un
der agreements to resell 300,0011.00
8. Other loans 1,712,694.97
9. Bank premises, furniture and fixtures, and other
assets representing bank premises 52,065.74
10. Real estate owned other than bank premises 5,500.00
11. Investments in subsidiaries not consolidated None
12. Customer’s liabiliy to this bank on acceptances
outstanding None
13. Other assets 22,999.80
14. TOTAL ASSETS
$4,843,765.62
LIABILITIES
15. Demand deposits of individuals, partnerships,
and corporations $1,996,708.41
16. Time and savings deposits of individuals, part
nerships, and corporations 1,506,533.01
17. Deposits of United States Government 175,047.60
18. Deposits of States and political subdivisions .. 604,687.31
19. Deposits of foreign governments and official in
stitutions None
20. Deposits of commercial banks None
21. Certified and officers’ checks, etc 7,464.82
22. TOTAL DEPOSITS $4,290,441.15
(a) Total demand deposits $2,537,671.05
(b) Total time and savings deposits $1,752,770.10
23. Federal funds purchased and securities sold un
der agreements to repurchase None
24. Other liabilities for borrowed money None
25. Mortgage indebtedness None
26. Acceptances executed by or for account of this
bank and outstanding None
27. Other liabilities 120,507.65
28. TOTAL LIABILITIES $4,410,948.80
29. MINORITY INTEREST IN CONSOLIDATED
SUBSIDIARIES None
RESERVES ON LOANS AND SECURITIES
30. Reserve for bad debt losses on loans (set up pur
suant to Internal Revenue Service rulings) ....$ 35,465.05
31. Other reserves on loans None
32. Reserves on securities Non#
33. TOTAL RESERVES ON LOANS AND SECURI
TIES $ 85,465.05 •
CAPITAL ACCOUNTi
34. Capital notes and debentures None
(specify interest rate and maturity of each issue
outstanding)
35. Equity capital, total . 397,351.77
36. Preferred stock—total par value .i. .i.. None
(No. shares outstanding )
37. Common stock—total par value 100,000.00
(No. shares authorized 10,000) (No. shares out
standing 10,000)
38. Surplus . 200,000.00
39. Undivided profits 97,351.77
40. Reserve for contingencies and other capital re
serves None
41. TOTAL CAPITAL ACCOUNTS $ 397,351.77
42. TOTAL LIABILITIES, RESERVES, AND CAPI
TAL ACCOUNTS $4,843,766.62
MEMORANDA
1. Average of total deposits for the 15 calendar
days ending with call date $4,288,228.08
2. Average of total loans for the 15 calendar days
ending with call date 1,699,782.89
3. Unearned discount on instalment loans included
in total capital accounts 28,622.29
I, Jacob A. Bowers, President & Cashier, of the above-named
bank, do solemnly affirm that this report of condition is true
and correct, to the best of my knowledge and belief.
JACOB A. BOWERS.
Correct—Attest:
RUDOLPH C. BARNES,
W. G. LYLES,
WILLIAM H. LEAPHART,
Directors.
State of South Carolina, County of Newberry,—es:
Sworn to knd subscribed before me this 11th day of May,
1970, and ! hereby certify that I am not ah officer or director
of this bank.
ANNIE R. HUNTER, Notary Public
My commission expires 1/1/80.