Commercial Bank Reports 1956 Expansion and Growth
At the annual stockholders meeting in Thomasville, George L. Hundley announced 823 new accounts in 1956 including 459 savings, 319 personal checking, and 45 business checking. Assets rose $770,519 to $5,175,203. Deposits grew $730,289 to $4,681,245. 6,067 loans were made. Board re-elected: Homer W. Beck, Arthur Black, John H. Brinkley, George L. Hundley, W. A. Kennedy, J. E. Lambeth, C. H Marriner, E. F. Mendenhall, John R. Perry. Officers for 1957: Hundley president, Cecil M. Marriner EVP, E. F. Mendenhall VP, Bernice M. Berrier cashier, Joseph M. Lloyd assistant cashier and secretary.
MENTIONED IN THIS ARTICLE
Thomasville
State Commercial Bank
George L. Hundley
Savings Department
Hundley
Homer W. Beck
Arthur Black
John H. Brinkley
W. A. Kennedy
J. E. Lambeth
C. H Marriner
E. F. Mendenhall
John R. Perry
George L. Handley
Cecil M. Marriner
Actress Tallulah Bankhead Out After Hand Surgery
Philadelphia reports Tallulah Bankhead remains under care at Doctors Hospital after surgery for a broken right hand. Both matinee and evening performances of Eugenia were canceled. officials expect her to return tomorrow night in the starring role. The injury occurred when she struck scenery during last Saturday's show. Doctors advised operation to fix a small bone fracture with a metal pin. surgery followed Monday night's performance.
MENTIONED IN THIS ARTICLE
Philadelphia
Tallulah Bankhead
Doctor’s Hospital
Eugenia
Miss Bankhead
Stock market climbs on steel and aircraft optimism
New York early trading showed a broad rise led by steels and aircrafts. Major issues gained while a few oils and rubbers slipped. the Associated Press average rose about 50 cents at noon as investors priced in steel expansion and an aircraft recovery.
MENTIONED IN THIS ARTICLE
New York
Tion
Chrysler
Ford
Studebaker - Packard
United Aircraft
Glenn L. Martin
Boeing
Douglas
Illinois Central
Chesapeake & Ohio
Baltimore & Ohio
Royal Dutch
Sinclair
Standard Oil
New Jersey
Caterpillar
Rayonier
Hammermill
Dow Jones Averages and Selected Stocks Report
New York stock action shows pre noon Dow Jones industrials at 436.22 with gains to 484.75 for the 20 industrials and mixed moves across utilities and rails. Cotton futures opened up five cents a bale while a wide list of corporations including General Motors, Westinghouse, U S Steel and DuPont show varied quotes and session activity.
MENTIONED IN THIS ARTICLE
International Nickel
Raytheon
Benguet
Bethlehem Steel
Youngstown
Republic Steel
U.S. Steel
General Motors
Associated Press
Bache & Co
New York
Mar
Vcicvacevese
Ssccsevesees
Mies Sc Cahaanewees
Cidvuxtes Sean
Secevserevees
Vass Cctcavcens
Scvnscevvases
New York Central RA
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
Goodyear Tire & Rubber
International Harvester
International Tel. & Tel
Standard Oil Co
Jones Laughlin Steel
Loew's Inc
Norfolk & Western Ry
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Proctor & Gamble
Reynolds Tobacco
Sears Roebuck
Southern Railway
J. P. Stevens Co
American Tel. & Tel
the Texas Co
Union Carbid
Federal spending climbs with wages and prices
The article notes rising federal outlays as the budget to Congress shows spending growing. Economists link higher costs to wage increases and productivity gaps, with defense and labor/material prices driving up next year’s project costs and overall living costs.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Congress
Tto
Eisenhower proposes higher outlay and limited tax cut
President Eisenhower urges Congress to approve a record outlay of 73.3 billion dollars for the next year, with total spending near 114 billion above the current plan. He defends keeping the 52 percent corporate tax rate and excise taxes, while predicting income tax receipts rise to about 41.0 billion and corporate taxes to 22.0 billion.
MENTIONED IN THIS ARTICLE
Eisenhower
Requested Legislation Presented and Tax Cut Proposals
The article notes President proposals to cut revenues via tax relief if prosperity lasts and costs fall. It highlights repeated budget requests, including a four year federal matching grant program to build classrooms with 451 million dollars to start. It also suggests raising the VA home loan limit from four percent to five percent to expand GI loan availability.
MENTIONED IN THIS ARTICLE
Congress
Veterans Administration
Budget criticisms surface over mail rate and taxes
Lawmakers react to Eisenhower budget proposals with doubts on keeping current tax levels and delaying a raise to 5 cents per ounce for letter mail. Critics include Sen. Fulbright who faults tax plans and Sen. Ellender who urges stricter economy amid calls for a new natural gas bill and housing program scrutiny.
MENTIONED IN THIS ARTICLE
Schoeppel
Eisenhower
Sen
Fulbright
D-Ark
House
Also Mentioned on This Page
Commercial Bank
Bachel Me Company
American Can Co
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Burlington Mills Corp
Chrysler Corp
Dow-Jones
Business Mirror
Tsenhour Rick
Studebaker
Studebaker-Packard
An Wohin
Studebaker Packard
Vantage
Wenatchee
Gle Elum
el Pass
Yakima
Cragun
Xal
Studebaker Packard Corporation
Burtner
The
Durer
Green ST
Bartner
Rniture CO
E. Green ST
St.Joseph
Ellender
D-La
Montana
Lewisia
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