Newspaper Page Text
NATIONAL WEATHER SERVICE FORECAST *• 7AM EST 1-17-75
f k ? I
I / xTh xL*
v\ \/ I WtW
ban fbamcibco fßelXtul *Y JL
\ \ A H/ JL 1
r- W • ( / I \ -4
-Lr X~B ©ALL AB \ <-X >
LOWEST TIMFERATURIS \ R
f •
32 a » n fevxhMow
rrrrn air
V SHOWERS Flow
UH WEATHER FOTOCAST •
FORECAST FOR GRIFFIN AREA—Partly cloudy and cool tonight with low in the low 30s.
Fair and a little cooler tomorrow with high in the mid 50s.
Mrs. King denies rift;
SCLC sees hostility
ATLANTA (UPI) - The cast
read like Who’s Who of the civil
rights movement, but the
actors were clearly divided.
On one side —Mrs. Coretta
King, widow of the late civil
rights leader Martin Luther
King Jr., her family, the
organization she founded in her
husband’s name, and her
supporters. Mrs. King’s group
is building a center to carry on
King’s work.
Also carrying on his work but
with different methods is the
Southern Christian Leadership
Conference, which King found
ed and is now headed by his
REPORT OF CONDITION, CONSOLIDATING
DOMESTIC SUBSIDIARIES, OF THE
FIRST NATIONAL BANK OF GRIFFIN
OF GRIFFIN, GEORGIA IN THE STATE OF GEORGIA,
AT THE CLOSE OF BUSINESS ON DECEMBER 31,1974
PUBLISHED IN RESPONSE TO CALL MADE BY
COMPTROLLER OF THE CURRENCY, UNDER TITLE
12, UNITED STATES CODE, SECTION Ml.
ASSETS
Cash and due from banks (including snone
unposted debit5)2,572,439.09
U.S. Treasury securities929,34o.2l
Obligations of other U.S. Government agencies
and corporationssoo,ooo.oo
Obligations of States and political subdivisions 7,252,757.44
Other securities (including Snone
corporate stock)40,000.00
Federal funds sold and securities purchased under
agreements to resell 3,950,000.00
L0an519,054,505.97
Bank premises, furniture and fixtures, and other assets
representing bank premises 777,432.45
Real estate owned other than bank premises 10,750.00
Other assets (including ONone direct
lease financing) .401,190.51
TOTAL A55ET535,019,144.11
LIABILITIES
Demand deposits of individuals, partnerships,
and corporationso,2o4,l2s.o4
Time and savings deposits of individuals,
partnerships, and corporationslo,37o,o4l.so
Deposits of United States G0vernment252,574.74
Deposits of States and political subdivisions.. .2,770,424.04
Deposits of commercial bank 51,229,000.00
Certified and officers' checks, etc 95,305.10
TOTAL DEPOSITS .530,933,292.42
(a) Total demand dep05it5.510,140,431.04
(b) Total time and savings deposits $70,794,441.54
Other liabilities 1,421,755.13
TOTAL L1A81L1T1E532,754,547.75
RESERVES ON LOANS AND SECURITIES
Reserve for bad debt losses on loans
(set up pursuant to IRS ru1ing5)313,403.73
TOTAL RESERVES ON LOANS AND
SECURITIES 313,403.73
CAPITAL ACCOUNTS
Equity capital-total 2,751,194.43
Common Stock-total par valuel,ooo,ooo.oo
No. shares authorized 100,000
No. shares outstanding 100,000
Surplus ;1,000,000.00
Undivided pr0fit5,751,194.43
TOTAL CAPITAL ACC0UNT52,751,194.43
TOTAL LIABILITIES, RESERVES,
AND CAPITAL ACC0UNT5.35,019,144.11
MEMORANDA
Average of total deposits for the 15 calendar
days ending with call date 29,700,724.41
Average of total loans for the 15
calendar days ending with call date 19,020,205.95
I, Ronald W. Massey, Cashier, of the above named bank
do hereby declare that this report of condition Is true and
correct to the best of my knowledge and belief.
Ronald W. Massey
Cashier
We, the undersigned directors attest the correctness of
this report of condition and declare that it has been
examined by us and to the best of our knowledge and
belief is true and correct.
John T. Newton
R. W. Cheatham Directors
C. A. Knowles -
hand-picked successor; the Rev.
Ralph Abernathy. The group
continues nonviolent protests —
marches and boycotts —which
catapulted King into promi
nence in the 1950 s and which
they think are more in line with
King’s dream.
Mrs. King denies there is any
rift between her husband’s
followers —those who have
chosen to work with her or the
others who have stuck with
SCLC.
“I don’t see any basic conflict
between what we have set as
our goal and what any other
organization would set as its
goal,” she said Wednesday, her
husband’s birthday.
“Every organization has a
right to whatever methods it
sees. I don’t there is any basic
conflict because I think we are
all working for the same
thing."
But the SCLC, which King led
in massive civil rights demon
strations until his assassination
April 4, 1968, believes the
Martin Luther King Center for
Social Change, Mrs. King’s
group, has shown animosity to
the SCLC.
“The center has been very
hostile and anti-SCLC,” Tyrone
Brooks, a spokesman for the
Atlanta-based SCLC, said re
cently.
“The people who make up the
center’s board of directors are
powerful, rich people; people
we have been fighting across
the country. They don’t feel
they can have a relationship
with SCLC because we’re too
controversial.”
The center held a conference
Monday on extension of the 1965
Voting Rights Act, and Brooks
was highly critical of the
meeting.
“We feel like we can’t just sit
and theorize about the him
(King) in conference,” Brooks
said. “If he was alive today he
would be holding demonstra
tions against unemployment
and hunger, not just sitting in a
room talking about it.”
The Rev. Calvin Morris,
executive director of the center,
thinks the criticism is unfound
ed and that both groups are
addressing relevant problems.
“Voting rights is an issue
that we can’t let die,” Morris
said. “Someone has to address
himself to that. And someone
has to address himself to
unemployment.
“There is alot to do and one
group should not criticize
another for having another
focus. I can’t imagine why
anyone would say we’re against
the SCLC because we don’t
ever say anything about the
SCLC. And we certainly don’t
say anything bad about it.”
But the split between the
people who followed King was
pointed up Wednesday when the
different groups observed his
birthday with separate activi
ties—only yards from each
other.
Mrs. Rosa Parks, who
refused to move from her bus
seat for a white man in the 50s,
entertainer Harry Belafonte,
Mayor Maynard Jackson, and
other dignataries joined the
King family in dedicating
King’s birth home and breaking
ground for the center adjacent
to Ebenezer Baptist Church.
The SCLC, and various labor
and community groups
marched from the church to the
state Capitol to protest unem
ployment.
GRAVE SITE
LA GRANGE, Tex. (UPI) -
Near this south central Texas
town are the graves of nearly
30 Texans executed by the
Mexican army for attempting
to escape as prisoners of war.
The men were part of an
expedition against the town of
Mier, a battle which they lost.
They escaped and when recap
tured had to draw lots to see
which one in ten would be
killed.
Congress not shifting on trade
WASHINGTON (UPI) - Con
gress shows no sign of changing
its position in favor of
increased emigration of Rus
sian Jews, despite administra
tion statements that this was
what prompted the Soviet
Union to reject the 1972 trade
agreement.
The reason for the rejection
is still confusing. There were
indications it may indicate a
shift in Kremlin thinking. Some
members of Congress feel a
JCPenney Pre-Inventory
SALE. GREAT SAVINGS! I
JCPenney's White Sale
Good Through Saturday
Entire line reduced T . ? 07*
/ w Featuring Our Dermity Printed Sheets Twm 5,49
Full 6.49 4 74
Prints ■ Checks ■ Wh,t« 4 M 3 „
Special Mattress Pads Boys' Special Sweaters
100 Percent Polypropylene Cover 100 ? Brce ?*A cr,l ' c
Machine Washable Sizes 818
Twins Fu " Pullovers Turtlenecks
Electric Blankets Men's Closeout Dress Slacks
100 Percent Virgin Acrylic
100 Percent Polyester 5.99'-8.99
Full Size Only Assorted Styte - Colors
5 Year Guarantee Machine Washable 400 4 00
2MO Now JO 00 a™* 42
Special Thermal Blankets Ladies Dresses — Pant Suits
Fits Twin and Fulls Reduced
Honeycomb Weave orig. Now
100 Percent Polyester _ OO
Junior ■ Misses ■ Half Sizes 50.00 35 00
JBB Polyester-Cotton 25.00 17 00
9 00
Men's Sweaters Reduced Ladies Blouses Reduced
100 Percent Acrylic ori» Now
Assorted Sizes - Colors p n i ufl<tor rnHnn
Machine Washable Long Sh’Xe ™ ’ 2 °°
Orig. M £OO Junior - Misses Sizes 13.00 ] 0 00
12.98 Now Q 16.0 Q 11 oo
Men's Velour Robes Reduced Girls' Pajamas Reduced
80 Percent Tricetale - 20 Percent Nylon Percent Cott° n
Only 4 left Panted Syte
Site 7-14
°* M £OO Ono „ 000
17.90 Now Q vv 4.00-5.98 Now
Men’s Shirts Reduced Ladies Rain Wear Reduced
Polyester Cotton Now
Dress-Sport-Turtleneck-Winter Wgl Junior-Misses Sizes 38M 2Q oo
Polyester-Cofton
50 COO Assorted Styles «•«> 30°°
- O 15.99 ]Q°°
Girl's Sweaters Reduced Ladies' Jackets Reduced
100 Percent Acrylic Assorted Styles
Sizes 3-14 Broken Sizes
3.9?U.99 NOW 2" " 3" N » w " 45° 0
Family Shoes Reduced Reduced - An Assorted
Assorted Styles Selection of Girl's Clothing
Broken Sizes Orig. Now . x* •. nl
9M 3 40 Dresses - Pant Suits - Blouses -
Giih- 8.99 9.99 3« Sweaters Broken Sizes
ten*' 8.99 4" Great Savings |
restriction of Export-Import
bank credits was more signifi
cant than the emigration
question.
The agreement is considered
a cornerstone of detente be
cause a major Soviet goal was
access to American technology
and markets. Congress felt the
Russians should pay for that
achievement by allowing more
Russian dissidents, especially
Jews, to leave the country and
go to Israel.
Detente endangere
The administration kept push
ing for just the trade
agreement, which would have
given the Soviet Union most
favored-nation status, the same
accorded to the Western na
tions. Congress, led by Sen.
Henry M. Jackson, D-Wash.,
and Rep. Charles A. Vanik, D-
Ohio, held out.
Finally, an agreement was
reached, which allowed in
creased emigration and Presi
dent Ford finally signed the
Page 11
— Griffin Daily News Thursday, January 16,1975
agreement on Jan. 3.
When Secretary of State
Henry A. Kissinger announced
the rejection of the agreement
on Wednesday, he said the
Russians feel the law violates
“the principle of noninterfer
ence in domestic affairs.”
In his State of the Union
speech, Ford added a statement
that underlined Kissinger’s
criticism. “If our foreign policy
is to be successful,” he said,
“we cannot restrict in legisla-
tion the ability of the President
to act.
The leaders of the congres
sional fight for freer emigration
— Jackson, Vanik, Sens.
Abraham Ribicoff, D-Conn.,
and Jacob Javits, RrN.Y. —
expressed disappointment that
the agreement had fallen
through, but gave no indication
they would change their minds.
The amendment had passed,
319-80, in the House and had
been sponsored by over two
thirds of the Senate.