Newspaper Page Text
Thursday, January 21, 1966
Sen. Pennington’s Resolution
Calls For Constitutional Meet
Senator Brooks Pennington, Jr.
will Introduce In the Georgia
Senate a joint resolution to peti
tion the U.S. Congress to im
mediately call a Constitutional
Convention to consider the ques
tion of authorising each state to
Grier Stephenson
On Graduate Study
PRINCETON, N.J.—Thirteen
Georgia secondary schools
whose graduates won Woodrow
Wilson Fellowships for first year
graduate study In 1964-65 are
new on the list of schools which
had winners In the national com
petition since 1958 for “College
Teachers for Tomorrow.” This
was reported today by the Wood
row Wilson National Fellowship
Foundation following a study of
the high school origins of its
Fellows.
The 13 schools are: Atlanta’s
Brown High School and S. H.
Archer High School, Gordon Mil
itary Academy in Barnesville,
College Park High school, Cov
ington’s Newton County High
School, Fairburn’s Campbell
High School, LaGrange’s Troup
High School, Macon’s A. L. Mil
ler High School, Norcross’ West
Gwinnett High School, Rome’s
The Darlington School, Benedic
tine Military School in Savan
nah, Swainsboro High School and
Waynesboro High and Industrial
School.
Nineteen of the Woodrow Wil
son Fellows for 1964-65 were
graduates of Georgia secondary
schools. This brings Georgia’s
total of high school graduates
who won Woodrow Wilson Fel
lowships in the last seven years
to 137.
D. Grier Stephenson, Jr. of
Covington is a Woodrow Wilson
Fellow elected for 1964-65.
Top honors in the state go
to Henry Grady High School in
Atlanta which has graduated 11
who later became Woodrow Wil
son Fellows. In second place
with six Fellows each are Athens
High School and Atlanta’s North
Fulton High School. Three
schools in the state each pro
duced five Woodrow Wilson Fel
lows. They are Atlanta’s Booker
T. Washington High School, Grif
fin High School and Decatur High
School.
Charter No. 15148
REPORT OF CONDITION
OF THE
FIRST NATIONAL BANK
OF NEWTON COUNTY
IN THE STATE OF GEORGIA, AT THE CLOSE OF BUSINESS
ON DECEMBER 31 ST, 1964 PUBLISHED IN RESPONSE TO
CALL MADE BY COMPTROLLER OF THE CURRENCY. UN
DER SECTION 5211. U. S. REVISED STATUTES
ASSETS
DOLLARS CTS.
I. Cash, balances with other banks, and cash
items in process of collection 255,163.30
2. Unted States Government obligations, direct
and guaranteed (net of any reserves) 250,512.10
3. Obligations of States and political subdi-
visions (net of any reserves) 4,000.00
4. Other bonds, notes, and debentures
(including $215,000.00 securities of federal
agencies and corporations not guaranteed
by U. S.) (Net of any reserves) 215,000.00
5. Loans and discounts (Net of any reserves) 857,504.79
6. Federal funds sold none
7. Direct lease financing none
8. Fixed assets 115,838.82
9. Customers' liability to this bank on accept-
ances outstanding , Q > none
10. Other assets < 0 0 7,572.77
0 )
11. Total Assets ) 1,705,591.78
LIABILITIES
12. Demand deposits of individuals, partner
ships, and corporations 562,830.03
13. Time and savings deposits of individuals,
partnerships, and corporations 347,230.33
14. Deposits of United States Government 103,585.59
15. Deposits of States and political subdivisions 335,935.84
16. Deposits of banks none
17. Certified and officers' checks etc. 44,926.73
18. Total Deposits $1,394,508.52
(a) Total demand deposits $ 849,525.68
(b) Total time and savings
deposits $ 544.982.84
19. Rediscounts and other liabilities for borrow
ed money none
20. Federal funds purchased none
21. Acceptances executed by or for account of
this bank and outstanding none
23. Total Liabilities 1,394,508.52
CAPITAL ACCOUNTS
24. Debentures none
25. Preferred stock —par value per share $ none
No. shares outstanding none Total par value none
26. Common stock —par value per share $20.00
No. shares authorized 7,500
No. shares unissued none
No. shares outstanding 7,500
Total par value 150,000.00
27. Surplus
28. Undivided profits 61,083.26
29. Reserves none
30. Total Capital Accounts 311,083.26
31. Total Liabilities And Capital Accounts 1,705,591.78
I, Billy E. Nalls, Cashier, of the above-named bank do
hereby declare that this report of condition is true and cor
rect to the best of my knowledge and belief.
BILLY E. NALLS
We, the undersigned directors attest the correctness of
this report of condition and declared that it has been examin
ed by us and to the best of our knowledge and belief is true
and correct.
DIRECTORS
GUY V. EVANS
WALKER HARRIS
T. RUCKER GINN
(Beit Coverage: Newi, Pictures, and Features)
constitute one house of its legis
lature on factors other than popu
lation. According to the informa
tion Senator Pennington has re
ceived if 25 to 30 States adopt
a similar resolution the U.S.
Congress, on its own Initiative,
may decide to propose a Con
stitutional Amendment along
these lines. If not, and 34
States adopt the resolution Con
gress must call a Constitutional
Convention for that purpose.
The Georgia Farm Bureau
composed of 43,000 farm families
and the American Farm Bureau
composed of 1,647,000 family
members have indicated their
support of legislation similar
to senator Pennington’s resolu
tion.
Senator Pennington stated that
this is more than a rural effort
and that it is time for every
red blooded American to stand
up and be counted for Constitu
tional government.
For nearly 200 years the Unit
ed States Federal Government
has enjoyed the apportionment of
one brance of the legislature on
the population basis and the other
one on geographical basis. Under
this system the United states
has surpassed other nations in the
world In granting their citizens
freedom, opportunities and eco
nomical advantages.
Should the Georgia Legislature
adopt Senator Pennington’s re
solution and should the U.S. Con
gress act along the lines out
lined in the resolution Georgia
would continue to enjoy one of
its legislative houses on a popu
lation basis and one on a geo
graphical basis as does not the
U.S. Federal Government now
enjoy, thus reapportionment of
the Georgia House of Representa
tives on a strictly population
basis would be un-necessary.
A MASTER PLAN
Trees/ shrubs, and flowers
are ofter^ planted in places a
round the home where they don’t
live or do very well. And small
plants have away of growing
big and t becoming out of place
in some locations. T. G. Will
iams, Extension Service land
scape specialist, says a master
landscape plan is helpful in elim
inating those expensive mistakes.
THEHF'S SOMETHING HOIK M
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THE COVINGTON NEWS
(Our Advertisers Are Allured of Beit Reiulti)
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