The Wellington Leader from Wellington, Texas on May 14, 1964 · Page 14
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May 14, 1964

The Wellington Leader from Wellington, Texas · Page 14

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Wellington, Texas
Issue Date:
Thursday, May 14, 1964
Page:
Page 14
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Th (TEXAS) LEADER , M*y 14, 19*4 ,, ,.1 .. ___r i , , • ^ , Watering Peaches Can Add $100 Acre Income spj. CoHingsworth county farmers Igmay get over $100 per acre '^return ,per' inch of water applied at the right time in a supplemental! Srrigation program. Four inches of irrigation water increased (per'acre value of peaches $478 last year at the Texas A&M University Fruit Investigation Laboratory at Montague, reports U. A. Randolph, horticulturist in charge of the lab.' ' >" In the experiment!, two inches of water was applied in each of two applications. The first application was two weeks before harvest and 1 the second application was made two days after harvest began. Randolph said irrigating during ' this • crucial ; period when peaches are in the swell stage, increased the size of the individual peaches. This raised total yield and' increased the per- bushel price. Non-irrigated trees produced 139 bushels per acre of ipeach- es 1% to 2 inches in diameter. Irrigated trees produced 216 bushels per acre of medium to large peaches 2% to 2% inches in diameter. The non-irrigated peaches sold 1 for $2 -per 'bushel at the orchard, or $278 per acre. Irrigated! peaches sold at the orchard for $3.60 or $756 per acre. Randolph pointed out that the fruit laboratory, located about 100 miles northwest of Dallas, is in an area where extensive irrigation is not practical because of the limited water supply. However, he believes irri- REAL ESTATE TRANSACTIONS Jerry Ivy" and wife >to S. T Hollingsworth—lots 3, 4, ahc 5,- block 46, Wellington. James Edward Nix to Pau J.'BeQl—S/2 section 79,' block 21. •' C. D. Shamtourger Lumber Co. to John- M. Harris—lots 21 and 22, (block 120, Wellington. Cemetery deed: -City of Wellington to Mrs. P. E. (Lowrie— N/2 lot 3, block 163, Thomas and Cook Cemetery. Ida Riley to Houston .Green —lot 22, block 162, .Wellington. Edna W. Smith to, Roy D. Lucas and -wife—lots 23 and 24, block 138, Wellington. Frank Turley and wife to Eugene Morrow—lots 17 thru 22, .both inclusive, block 191, Wellington. Julia 1 Emmert to Ervin Emmert;—one-half , interest in sec- ions 79 and 81, block 12. Julia Emmert to J. C. Emmert, Jr.—one half interest in section 100, block 12 and'sec- ion 2, block 13. Katie Isbell and others to Wayne Cummings— South 20 acres of NW/4" section 72, in dock 15, and the North 30 acres of the SW/4 section 72, )lock 15. S. H. Daffron amd wife to [enneth Daffron—SW/4 and !/2 of SE/4 section 25, block 6. S. H. Daffron and wife to Tommie Knoll—North 240 acres f E/2 section 25, block 16. Dorothy J. Hoilman to H. S. liggs—lots 19 andi 20, block 62, Wellington. ike fruit, vegetables and pea- ,uts wouM be profitable. There are 70 different varie- ;ies of bananas. no defrosting ever... with a Frost-Proof electric refrigerator-freezer Model FPDS-14 T-2 .Net Capacity—13.81 cu.ft. Freezer capacity—100 Ibs. 4 colors or white and this isn't all! check these fabulous features: more cubic feet inside—less outside Roll -To -You shelves butter conditioner compartment large vegetable hydrator giant meat tender Flowing Cold for faster chilling 100-lb. Zero Zone food freezer roomy storage door I year warranty plus 4-year Protection Plan on parts Pit a Mptr Mrktt ki ytv bMM... fay • fost-prwf RKIDAIRE tltctric rtfriprittr-fritur f«r atro rftfftfi •• fHGIDMU frMf-jmtf rtfrlftratfti (iff •f visit ywr faff Wiif tan VHfifto . National Fripjdgirejtfeek West Texas Utilities Company [ an investor owned company Mean to Collingsworth Cou Wellington and Dodson ! There ore those who would hove you believe thot Co-operatives ore Tax-Free ... that they get a free ride at the expense of the taxpayer. Here are the facts: The three co-operatives located in Collingsworth County pay taxes, they contribute to charities, they support local firms with which they do business They have large payrolls, adding to the community's income and in many cases offer services and facilities that would not be available without them. Also, patrons of these institutions, that pay patronage dividends, pay Federal Income Taxes on these profits that are returned to them. Here are some of the combined totals taken from the individual reports shown on this page. Wages and Salaries $205,756.25 Property Taxes 6,035.35 Other Taxes 7,834.20 Dividends 364,896.26 Donations and Dues 1,042.60 Local Hauling and Freight 91,155.69 Total Spent in County $676,720.35 When you check these reports you will find your co-operatives are a very vital part of the community . . . a part few citizens would want to do without. Below are more detailed reports of the finances, operations, and services of the three Co-operatives which we believe you will find interesting. Farmers Co-operative Enterprises, Inc. Edwin Crowder, Manager Dodson, Texas Salaries and Labor $ 45,425.87 Fuel and Power Costs 12,429.44 Repairs and Supplies 23,953.02 Hauling Paid 16,178.11 Telephone 880.59 Local Taxes 1,641.29 Other Taxes 1,536.54 Depreciation 18,353.19 Interest and Exchange 6,006.53 Insurance 6,545.43 Sundry Expense 5,755.46 Donations 267.80 Total Expenses $138,973.27 SAVINGS ALLOCATED — $43,434.93 SALES FOR FARMERS Cotton _ —— $994,287.67 Cotton Seed 190,999.93 Wheat _ 147,661.69 Milo - 39,717.56 Rye :_ — 1,826.52 $1,374,493.37 SUPPLIES PURCHASED FOR FARMERS Planting Seed $ 46,366.58 Fertilizer _ 30,993.68 Insecticides _ __'_____—_—_— 29,679.66 Feed _ _—_ 25,364.14 Others - 86,521.81 $212,925.87 Farmers Co-operative Gin Society No. 1 W. E. Marchant, Manager Wellington, Texas Wages and Salaries $ 94,010.30 Repairs and Supplies 28,890.93 Utilities and Power 23,041.29 Truck and Tractor Expense 3,660.82 Depreciation _ __ 18,346.32 Insurance _ . 7,644.95 Telephone and Office 1,793.60 Property Taxes 1,500.19 Other Taxes 3,001.69 Advertising 1,550.73 Interest 263.00 Other Expense 3,465.43 Local Hauling and Freight 66,944.65 Donations and Dues 609.80 Micronaire Service 1,568.05 Total Expenses $256,291.75 For Year Ending Feb. 29, 1964 Profit for Season $287,622.95 Patronage Rebates Paid April 11, 1964 - $262,622.95 Greenbelt Electric Co-Operative, Inc. George Henry, Manager Wellington, Texas Salaries _ _ _ <t gg 320 08 Property Tax Paid to Collingsworth~~County~" 2'894'l5 Professional Service 'A on 'on £«!% Bills (office) "III:™:' 1JS0.28 Office Supplies 2,697.71 Advertising 380>80 Donations and Dues 155 QQ Transportation Expenses a QQO qq •»*•* -., __ *• ————^-——-————__._ Qt\JO£i,Jij Miscellaneous Expenses 2251.75 Total 9 84,492/70 Other Expenses That Might Be of Interest West Texas Utilities Company (Power Bills) ? 76,828.74 Southwestern Public Service Co. (Power Bills) 30,317.48 Interest to Federal Government 43 975.80 Principal Payments to Federal Govt. 119,406.01 Property Taxes paid in Other Counties 4,915.94 Other Taxes ___ 3,295.95 NET MARGIN for 1963 to be assigned to Members $ 58,842.38 For Year Ending Dec. 31, 1963 STATUS OF ADVANCES FROM REA AND PAYMENTS TO REA It is necessary for REA to continue making Joans to make it possible for the co-operatives to meet the ever increasing demand for more power to Rural America. t However, it does not necessarily mean that we are increasing the tax burden of the American public n Jl, T i S AT^ l ist n£ adv ances from REA and' «he amounts PAID to REA on our loans. Year 1960 1961 1962 1963 1964* Advance from REA Principal Paid to REA - Princpal Prepayments Interest $ 52,445.37 ? 66,110.54 * 27,095.16 S 40,282.66 105,467.36 73,929.48 31,577,27 41,997.42 71,963.30 78,826.05 32,708.74 44,967.07 108,757.08 84,483.17 34,919.84 43,975.80 . 21,419.91 648.51 10,992.39 Total $338,633.11 $324,769.15 126,949.52 $182,215.34 Total Payments to REA Advances from REA Net to REA * As of February 29, 1964. $633,934.01 338,633.11 1295,300.90

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