The Dade County times. (Trenton, Ga.) 1908-1965, February 05, 1948, Image 4

Georgia Historic Newspapers

The Dade County times., February 05, 1948, Image 4

About The Dade County times. (Trenton, Ga.) 1908-1965 | View Entire Issue (Feb. 5, 1948)

Page of 4

Prev Issue Next Issue

Text PDF JP2 (4.9 MB) Clip/Print Image

Page of 4

Prev Issue Next Issue

Return to Top

Newspaper Page TextPiney Grove News Mrs. I. W. Orton Piney 3 Grove is sorry to the death of Mr. Price who was a resident of Grove for many years. His ter' Mrs Jeff Powell, was from Louisville, Ky., to be him in his last hours She State of tfaufla Statement of tfument (?cxdctic;z • DECEMBER 31, 19-17 testa Call In Stale Treosury............. $41,303,356.23 Cash in hands of State Departments....... 28,340,605.04 tosh due from U. S. Government on Reimbursements 2,845,397.10 total Cash Assets...... . - • • $72,489,358.44 CURRENf Accounts Payable...... ........... * 4,930,479.tr •SERVES for Commitments Outstanding .............. $ 3,603,372./"> for Board of Regents Bond Funds for Construction....... 272,007.2t Pcr Sinking Fund to retire State Bonds and County Certificates . . 3,830,500.04 (See opposite page) Vor Highway Contracts to Mature............. 10,465,452.33 for Matching Federal Road Funds accrued to December 31, 1947 13,719,044.72 Par Land Title Guarantee Fund.............. 5,987.89 lor Federal Funds on hand................ 2,816,913.08 lor Agency Funds on hand................ 3,729,261.54 for Teacher Retirement Trust Fund............. 8,546,390.77 for Unearned Income.................. 166,78871 far Revolving Fund of Agencies payable 10th January..... 6,806,271.25 far Maintaining Aid to Common Schools.......... 3,843.318.35 far Memorandum Operating Allotments........... .00 far Income Equalization Reserve.............. 112,799.59 Total Reserves............. $62,918,107.>« Total Accounts Payable ond Reserves . . . . $67,898,587,19 SunfiCua tUftmiSi (Cash over Accounts Payable and Reser -. Applied on fixed debt,) ..... • e $ 4,590,771.99 (*) Highway Department Contracts to Mature Mcrive Suspended U Total Contracts.............. $20,895,098.52 $ 68,385.54 $20,9 lee* Regular Federal Fund Participation .... 10,598,031.73 ___________ 10,598,031.73 Net State Obligation for Contracts to Mature......... $10,297,066.79 $ 68,385.54 $10365^45^ 0 ?utcvte ’Tttatu'iuu} S J e6t Pcactcsn o£ State 4 OBUGATIONS—State Authorized uec. 31, 1940 Dec. 31, 1942 Dec. 31, 1946 Dec. 31,194? Highway Obligations ta Mature......... $10,733,955.34 $14,088,985.60 $10,465,452.33 <* Generol State Bonds of 1838 .......... 3,203,202.17 97,500.00 80,500.00 m Highway Refunding Bonds of 1939 ........ 7,950,000.00 5,325,000.00 2,650,000.00 (3) County Refunding Certif. of 1931........ 8,000.472.87 0 0 f W A A Rental Discount of 1931 and 1938 ..... 3,780,000.00 1,636,000.00 1,100,000.00 (4) Hospital Authority Bonds of 1939 2,294,000.00 0 0 Tattnall Prison Debt.............. 0 0 0 Total................ $35,961,630.38 $21,147,485.60 $14,295,952^®^ lets Cash. Accumulated Operating Deficit ........ Accumulated Operating Surplus........ 7,619,494.57 1,002,260.31 4,590,771.27 Highway Contract Reserve.......... 0 14,088,985.60 10,465,452.33 Staking Fund Reserves............ 2.546.720.00 7,058,500.00 3,830,500.00 Total ...... , , $10,166,214.57 $22,149,745.91 $18,886,723.60 Net Obligotions-Stote of Georgia ........ . . $53,1/0,146.09 $25,795,415.81 Net Generol State Surplus ........... $ 1,002,260.31 $ 4,590.771.27 (*Net cash deficit.) OBLIGATIONS—Regents Authorized Georgia School of Technology Dormitory Revenue Bonds issued May 1, 1946 ....... j?750,000.00 $ 3,750,000.00 Total Regents authorized Obligations . . . 1 $ 3,750,000.00 $ 3,750,000.00 less Cash. Staking Fund Reserves ............ .Oj .00 Net Obligations—Regents Authorized...... . $ 3,750,000 00 $ 3.750,000.00 Net Obligations—State ond Agencies ....... $25,795.415 81 $ 2,747,739.69 (1)—“Highway Obligations"—The amount of Stote Funds required to complete all contracts outstanding ond there Is a cosh resetVB ^ So liquidate this item which is payable as work progresses. ^ Ph-AM "General State Bonds" outstanding are past due, but have not been presented for redemption. Cash reserve of $80,500.00 is held in State Treasury to liquidate this obligation. (3)—Of the "Highway Refunding Bonds" outstanding $2,650,000.00 in bonds mature March 15, 1948. Cash Sinking Fund is held in the Stole Treasury to liquidate this obligation in full. 14)—Of the "W & A Rental Discount" warrants outstanding $20,000.00 in warrants are past due but hove not been presented each foe redemption, the remaining $1,215,000.00 mature $45,000.00 on the first day of month beginning January 1, 1948, ond for month thereafter through December 1, 1949. Cash Sinking Fund is held in the State Treasury to liquidate this obligation in fvll. i The Regents by exercising the powers of o corporate entity issued the Dormitory Revenue 8onds for the benefit of the Georgia School ol Technology. There is no specific oct of the Generol Assembly authorizing the issuance of these bonds, nor was the action sub 4 |ect ta the approval of the Governor, Attorney Genera! or the Budget Bureau of Georgia. See Auditor's notes in financial ftpOtl j of Sept. 30, 1946, for opinion of Attorney General as to the legal status of this obligation. Ruling was that this item was not an 1 1 Obligation of the State that it could not be retired from tax or appropriated funds, being an obligation of and payable Only frOIR tm earnings of the dormitory. y\iudUvi'e 'Hete* a THt State of Goorgio for the quorter ended December 31, 1947 had a total income of $27,379,438.88, and the fcvdfce? ftMrtv for the operations of the various Agencies of the State for the same quorter totaled $26,688,032.66. Therefore# the Stoto gained % Ki tnontiol position by the omount of $691,406.22 for the quarter. The situation for the past quorter is very different from that of the previous quarter when the income of the State WOt J11,373,186.99 ond the budget allotments were $27,596,322.61 making it necessary to utilize $9,223,135.62 of the surplus and gperrei brought ©vet ol the end of the fiscal year June 30, 1947 in order to operate. i kbiobs notad that the Slate of Georgia is still completely solvent os of December 31, 1947 in that it has 0 svfplvt of © 40 77 ) .27 above every obligation ol the State ond its Agencies of every type and form. , 6 k h also to be noted that the State hos on hand the State funds required to liquidate the Federal ond Stote Highwoy contract! OVMandUtg as of December 31 of $20,963,484.06. The State also hos on bond in reserve $18,719,044.72 to match Federal rood funds accrued to the State ond by continuing to bold these funds it will be possible to give the people of Georgia the benefit of approximately $37,000,000.00 in highway construe. Oats, which is badly needed in this State and particularly in the rural sections, os contemplated by the Generol Assembly. Alto there is carried the statement of reserve of $8,546,390.77 for the Teacher Retirement Fund which is derived from the teachers' contributions of 5*7. of their salaries ond governmental contribution ot 6.83% of the salaries. This is building towards the binds required to guorantee the teachers of the State the prompt payment of their retirement benefits. The funds hove been invested in government bonds ond the omount of the bonds is corned as part of the cash on hand. Inosmuch os the period from January 1, 1948 to June 30, 1948 is the heavy tax collection period for the Stote ond the period beet July 1, 1948 to December 31, 1948 is the low collection period, it is absolutely essentiol that the State follow a rigid budget allotment system for the next six months so that sufficient funds con be carried over at June 30, 1948 ta poy in cosh for th% services Id be rendered by the Stote for the six months oftui July 1, 1948, ond there is no doubt but thot oil Agencies of the Stole will cooperate towards this end. The lest of the 26 million dollar deb* assumed by the State for the benefit of the various counties in connection with rood construction which the Stote begon paying m 1936 will be paid on March 15, 1948 by the payment ot S2,650,000.00 for which fends ore held ta poy when due. The State still hos on hand $80,500.00 with which to poy the Generol State Bonds which are post due but have not been presented for redemption. The Stote is dependent on the owners ol the bonds presenting them for payment os the bonds OlJtOl •egtitered in the name of ony person. —t JSir’S’sE ass “ rsr,;; Kih . Sited ,lto receipt; report on Jan. 14. 1948. This pubi.«t.on 7 cloes the_ not fainr-oort include the portion of the report “ nd Chowin Of and allotment, to * .up, ‘m. utOMPSud, Acting ^ : Governor •vaitcb tie in the off.ee ot tit« but# Auuitor E. turned home Friday by plane. Mr. T. A. Conner is ill at home here. Mrs. L. A. Mitchell is recover- in S from an a ^ tack of flu ' Mr. Charlie Quinton is , recov¬ ering from flu. Messrs. Claud and Alvin Taylor visited Mr. and Mrs. Tom Sunday. i BIRTHS—Born ta Mr. and THE DADE COUNTY TIMES, TRENTON, GEORGIA, THURSDAY, FEBRUARY 5, 1948. James Raines, a Gale; and to Mr. and G. Wheeler, a girl. In Recorder’s Court Recorders court January 24—Grady conduct. Fined January 31— Art Buckles orderly conduct. Fined $10. New Salem News After being out of school for a week on account of snow and ice the children of our commun¬ ity are glad to be back in school, j Sorry to report Mrs. J. H. Brad¬ ford ill of flu. Mrs. Buff Bradford was visit ing her mother Mrs. R. W. (Aunt Nan) Collins one day last week. Mr. and Mrs. Cecil McKaig Mr. and Mrs. Martin Bradford and children and Mr. and Mrs. John Plott and daughter were Sunday visitors of Mr. and Mrs. R. A. McKaig. Glad to say Mrs. McKaig is improving from a re¬ cent illness. Mr. and Mrs. Paul Craig of Hinkle spent Sunday with the latter’s parents, Mr. and Mrs. C. L. Moore. Mr. and Mrs. J. C. Abbott an¬ nounce the birth of a daughter, Sarah LeEtta. Mrs. M. G. Bradford had as her week end visitors Mrs. Ruth Snyder, her sons, Shorty and Grady Bradford all of Atlanta and Miss Juanita Graham of Chattanooga. Mr. and Mrs. Willard Daniel spent last week with her parents, Mr. and Mrs. J. J. Neal Wedding bells have been ring¬ ing around here again L. J. Neal Jr., son of Mr. and Mrs. Lunsford J. Neal and Miss Virginia Castle¬ berry of Rising Fawn, were mar¬ ried January 22, We wish for them a long happy life. Jr. will be leaving soon as he is still in the U. S. Navy. Mr. and Mrs. Tommy Jones were called to Chattanooga due to the serious illness of his brother. Geraldine Gray and some friends visited Berry Schools Sunday. Mrs. Terrence Moore and daughter, Sarah visited Mr. and Mrs. Scott Gray and family Sunday afternoon. The mumps are still raging around here several of the young people have them. Cecil Massey, Jannie Mae Bradford, Ralph Doughtery, James and Aline Woods are some of the ones that have the mumps now. Mr. and Mrs. Olen King, Mr. and Mrs. Lloyd Moore, Mrs. Art E. Moore, and Herman and Mabel Moore were visitors of Mr. and 4rs. Leon Moore Sunday. Mr. and Mrs. William Nicol have gone to Florida for about six weeks. Mr. Nick can pretty well pick a good time to be away on vacation. What about this weather? Who said winter here is like Miami, Fla.? The weather man has thrown everything at us but $10 bills, and would I be surprised if they start falling— Yes I guess so. I haven’t been able to see our weather man of the mountain lately the high¬ way has been covered over with snow and the grapevines with ice, but I hope to see (Uncle Wes) just as soon as I can make the trip to Bear Creek. I don’t be¬ lieve he saw his shadow yester¬ day because he usually sleeps in day time and hunts foxes at night. This was a happy day indeed for the candidates of Dade County most of them thawed out and it was warm enough to keep their hands from freez¬ ing while they were dishing out the back-slappings and shakes. Oh Boy! how I wish I was in good standing with my family with all the politicians in this race with the large family I have I’m sure I could choose my office. Mr. and Mrs. Tom McCauley will have as their guests their daughter, Mrs. Cecil Adkins of Ohio. The other married daugh¬ ter, Mrs. Fred Pickett, is expect¬ ed to arrive for the week end. Seems as if Mrs. McCauley and daughters all have birthdays in February, so they are planning on a day to-gether to celebrate the events. Mr. L. W. Moore Jr., Mr. Arlie Bradford and Mr. Herschel Pen¬ nington have gone to Carters ville to do construction work. Mrs. Terrence Moore and daughter, Sarah spent a few days last week with Mrs. Moore’s family in Chickamauga, as sev¬ eral in the family were ill. Glad to see her home again. Our school lunch room is open la^t and Mrs. Grace Gray assisted by Mrs. Claude Martin is in charge. We feel like it will a great success and a big benefit to all the school children Let’s all help the 4-H boys and girls with getting subscriptions r the Dade County Times. It’s a great help to the young folks to know us older ones are behind all their projects for im¬ provements. •' OOuOPOOOOOOOOOOOOOOOO 1 Tenth By Junior Grade Wizard News f 2roTnnnnnnnr^7nnrB7r67nrY7n> Here we come again with some more shocking news! The Home Ec class received a beautiful refrigerator for our use at the Home Ec building. Carol Kennimer seems awful happy nowadays. Wonder if R. C. knows? Beatrice Williams, Cynthia Moore and Louise Sims are all out of school with mumps. Poor things! Beatrice Castleberry seems aw¬ ful happy nowadays. Wonder if Bob Wallen has anything to do with it? Betty Blevins and Glenn Smith are still doing just fine. Audrey Doyle keeps busy these days working algebra in hopes she will pass. Mary Chambers is advertising for a man. First come, first served! Frances Barton seems to be do¬ ing pretty good with a man by the name Wilson. Well. I guess this will be all for this week. So long. //’s to tim file returns on your STATE INCOME TAX Returns for State income tax must be filed on or before March 15th. Forms have already been mailed to those taxpayers who made returns last year. Persons making returns for the first time, or needing additional forms are urged to write this office for them at once. Prompt filing of returns helps both you and your Statel Forms may be obtained promptly from INCOME TAX UNIT STATE DEPARTMENT OF REVENUE Siaie Capitol , Atlanta , Georgia / it sj jr: 32305 For County Treasurer After much thought, I have decided to be¬ come a candidate for County Treasurer subject to the Democratic Primary to be held in Dade County on March 6, 1948. J he first eighteen years of my life, happy years, the family very were spent on farm in Noiih Carolina, for which I have no apologies to make except to the mules which I plowed too long and hard and to the shoe industry which I largely boycotted except on Sunday. ‘ For ten _\ eai s, 1 have farmed in this County; and through my connection with our Farm Bureau Federation and the Dade County Soil Conserva¬ tion and Improvement Association, I feel that I am well posted on the rural problefs of this County. For over twenty-eight years, I have' been connected with one company and conduc¬ ted their operations over six states doing a con¬ siderable volume of business with the leading manufacturers over my territory. I feel this experience has qualified me to take care of the few duties of County Treasurer in a business¬ like manner, and I have sufficient time to do so without any inconvenience. Tf elected, I would turn the income received from the office (probably $8,000 to $10,000 dur¬ ing the four year term) over to non-profit or¬ ganizations of this county for use in providing glasses for under-privileged children, to buy calves and other things for 4-H boys and girls, and for various school, religious, and civic pro jects. As to whether I deserve, need, or do not need the office, is not a qualifying condition or a matter for consideration, but I would certainly not derive any financial benefit from it. How¬ ever, in behalf of these worthy causes, T solicit the vote and influence of all who are interested in the advancement of these things. I am aligned with no group or faction and have pledeged my vote to no one. On election day, T will cast my ballot with an open mind for candidates whom T feel can best serve the interest^ of all the people of this County. Flake N. Belk. i w j cy .' <> OOOOCOOO OO O » OOOooooOoy > SENIOR SCOOPS BY OLD MAN SNOOP tiooecccri<>vyTaoouc<xAJUuuJ (Intended for last week) For the past two weeks, the seniors have been engaged in selling magazine subscriptions to raise money for our senior trip. We appreciate-all the subscrip¬ tions that were taken from us in Dade county and elsewhere. The class was divided into two groups for the purpose of seeing which group could raise more money. Joe Owens was captain of the Maroon side and Ruble Livingston was captain of the White side. The White team won, and the Maroon team is now planning a party in their honor. The latst seniors to develop the mumps are Rose Dyer and Imma Dean Lacy. Congratulations to Charlotte and Sawdust and Billie and Lu¬ ther on their engagements. Prayer is not overcoming God’s reluctance; it is laying hold of His highest willigness.—Trench ANNOUNCEMENT To the Citizens and Voters o Dade County: I hereby announce my candi¬ dacy for reelection to the office of County Superintendent o Schools, subject to the vote ii the primary March 6th. *» I have held this office for the past seven years, which have been most diffcult years fo school administrators in thi tate from all angles of adminis¬ tration. It has been impossibl o employ sufficient number of qualified teachers due to the fact hat they have left the profession or better paying positions. The transportation of pupils has beei jad because of the inavailabiiity of transportation facilities. The bond money for buildings n the various districts has not Jeen diverted to other districts ind will not be as long as I am your Superintendent, it is on time deposit in the Hamilton National Bank in Chattanooga and is fully protected against oss by bank failure or otherwise, by the deposit of One Hundred Thousand Dollars in Government Bonds, held in escrow by Central Hanover Bank and Trust Com¬ pany, New York, for which I hold- receipt, so you can see that we are fully protected against loss through bank failure while we are not using these funds. I want to assure you that as soon as the funds in hand are sufficient to do the construction that we believe to be necessary the Board intends to start build¬ ing. Right now the cost of building is the highest in history We are hoping that in the near future there will be a great Im¬ provement in building condi tions, also in teacher and trans¬ portation conditions. I would like to be your Super¬ intendent for another term therefore will appreciate your active support in this primary election. Sincerely yours, L. M. ALLISON. WANT ADS riGS FOR SAL E—E G. WRIGHT, Trenton. 3t pd 3 12 WANTED—To make long term farm loans through the Fed¬ eral Land Bank—purposte of loan to pay farm mortgages, build new buildings on farm, buy farm machinery, etc. If interested see T. W. Price, Sec.- Treas, of the National Farm. Loan Association in LaFayette each Wednesday morning at the Ordinary’s office, or write Box 12, Dalton, Ga. 9-2S—tf FOR SALE 120 ACRES ON SAND MOUN¬ TAIN; 4-rm. house, good barn, lights, pasture with running water, stock and farming tools —$4000. Clarence Carroll, Ay- ans, Ga. 3t pd-2 12 ta _____ WANTED — SHARE TENANT' FARMER. Good land, good tools, stock, and house furn¬ ished. L. L. McCurdy, Pud- din’ Ridge Fruit Farm, Rising Fawn, Ga. 3 18—>pd FOR SALE—8 YR. OLD BLACK MARE, weight around 1300 lbs. Will work aynwhere. See me after 4 p. m. Ted W. Alley, Trenton, Ga. 3t-pd. 1 29 FOR SALE—GIRL’S BICYCLE in A—1 shape. Price $25.00. O. F. Greene, Case’s Store Trenton. 3t-2 5 FOR TREASURER I wish to announce my candi¬ dacy for Treasurer of Dade County, subject to the action of the Democratic Primary which be held March 6, 1948. I believe that most of you are 1 acquainted with me, but for the of you who have recently moved into the county; I was born and raised in Walker Ga. I was in the armed forces of World War I, most of which time I spent overseas. For the past twenty-four I have been associated with people of the entire county, for the past sixteen years I have lived in Dade County I now live. 9 I feel that I am qualified, and elected, I will, to the best of ability, conduct the office a business-like manner, be¬ courteous to all. If elected, I am depending on’ as a means of supporting family. I shall appreciate your inter¬ and support. Your friend, FRED A. MORGAN.