4 ' . I - K, FRANKLIN TIMES K. F. JOHNSON, Editor and Manager ,n* v!?k, . . ?1.00 tlX months, 66 . hkek months, - - .H6 Friday, May 12 , 1911. Uncle Joe and Jim Mann are not haviny as much fun with the Democratic Congress as they had expected. This is the lamb season on Wall strept, as elsewhere, and the financial wolves are pressed up as little Marys to lead tb? binjbs up to the bargain ooHQfer, The situation of the Diaz government is evidently One ol great bayard; for in spite of the armistice the Insurreotoa are constantly advancing on the City of Mexico. The Republican United States Senate teems determined to do as little business as possible; the latest dodge is not to begin business until 2 o'clock instead of 12 o'clock as in the past. The Democratic members ot the National House of Representatives are optomistic about almost everything except their share of the patronage Which is not large enough to go around. The Democrats of the House of Representatives have determined through the committee on rules to investigate the Steel Trust, which is something the Republicans have always fought shy. of doing. Attobmky General Wickersham thinks that, the United States is n "law-ridden." The Department of Justice is certainly too much lawyerridden with high priced attorneys who don't know, or won't tackle the trusts. The Woolen Trust, that is fighting bard to prevent a reduction of . . the enormous tariff rates which protect it, declares that it is not a trust nor a monopoly, because it controls only about one-seyenth of all the woolen mills in the United States. Making arrangements for a "comfortable compaign fund" appears to be in progress by the Republican leaders; and President Taft has been dragged into the scheme and is shifting the "big givers" as ambassadors to toreign countries, so thev will "come down* more freely. Soke of those members of the Ohio legislature would stem to be on a par with the disfranchised voters of Adams and adjoining counties and the Boss Cox Dolitical ore serves in Cincinnati, if the evidence before the grand jury at Colnrabna - convinces a petit jury of bribery. ? Beeose tbat bunch of farmers, whom Senators Nelson and McCamber have invited to appear before United States Senate Finance Com mittee, arrives . in Washington, President Taft should see to it thai the "keep off the erase" signs are put up on the reciprocity reserve. There is a terrible panic among Republican legislators in Ohio, tor ' * Governor Harmon and his attorneygeneral says that they want to send every man connected with the bribery scandal to the penitentiary. Although we are Democrats we will not protpct dishonest Democrats any more than we will dishonest Republican legislators. Price and Business. Tbe price ef most farm products, except ootton, has been falling during the past year, although the Republicans insist that the tariff protects tbe farmer. But when we compare present prioee with those of a year ago on a number of commodities we find that wheat has decline in priee 17 per cent, corn 10, oats 18, flour 10, lard 17, pork 80, beef 20, butter 40, leatbei 10, iron 14, and print olotbs 12 per cent The decline in priee of the farm k prod acta make quite a whole in the ekj. income of the farmers, and of course ' it fellows tbat trade in the farming ;. i '5 regions is dull; for with less income there must be leee outgo. Business is dull, except ill the cotton states and quiet business in the agricultural districts means a stoppage of production in the manufacturing centers and in the wholesale markets; there, fore, business is quiet, many men are out of employment, and wages Are declining. The decline in the price of - necessities is a boon to the consumers in the cities, otherwise there would be greater distress than there now is, for on the ayerage eighty cents now tvitl buy the same quantity of food that required one dollar a year f ago. But falling prices always re-1 tard business, because the manufac- I turer, the wholesaler, and the re-1 laiiet fear 10 stock up when prices [ are declining, ^hen prices adyance j the manufaofurer buys fre?lt of' ' I taw material, the wholesaler stocks up, and the retailer orders more liberally; and each advises his custon^ eas to buy, for "goods are goinf^ | up." Such business conditions arej the beginning of a "boom". The j good times continued tor a while un-1 til many people beoome extravagant j and over-venturesome, and the { "boom" fades and the decline in prices follows in due course. Since the panic of 1907 we have been going through recuperating period which has been much retarded by the "effort to keep up prices by pretending that business is good. A sort of Christian Science applied to our business ills. Whether we have at last reached I thp nf LKo nvnln r\t ' ? J ? """"6 K,ivwo and may soon expect improvement is an unsettled problem. Probably it will require further time before a change for th^better cornea At least, it will require that good arops for this year shall prevail, and that next fall when the harvest is assured oonfideuce will begin to return; then more normal business conditions may be expected. After awhile prices will turn upward and the beginning of another "boom" will be j born to develop in the future. There seems to, be no escape from these downward and upward trends in business and prices. If'we were not hampered with high-tariff protection we would un doubtedly recover more quickly, tor i the tariff proteetion to the trusts and combines allows them to main-1 tain their high prices long after the law of supply and demand would have caused a reduction in prices and in the increased consumption I that always follows. Our panic of 1907 was somewhat I duplicated in England, but, not be-1 TlHg tied down hy n tnriff to keep , ! prices up artificially, values rapidly declined and consumptions increased so business there is better now titan it has ueen fsr many years, while we are still struggling with falling I nrtPoa anH /lull Knainooo I f vuo.ucoo. It is impossible to avoid the con-j elusion that oar business ills arel greatly of our own making and that} with tariff teform accomplished hard times will be less prolonged and not so disastrous as they now are. Eighty-First Anniversary. Wake Forest, N. C.?An anosuil and very interesting event was celebrated in oar town on the 30tb of April, when Mr. and MrsE. G. Lojd gave a birthday dinner in honor of the eighty-first birthday of Mr. John P. Strother, the father of Mrs. LoydIt was also the occasion of little Effie Loyd's birthday and she had a share in the honors of the occasion. Mr. John P. Strother is a native of Franklin coanty, having been born and raised there. lie has been a consistent member of tbe Methodist church for thirty-five years. He has thirty-five grandchildren and thirty-three great-grand, children. For four years he served faith, fatly in the Confederate aimy and , was with I?ee at die surrender when . the hopes of tbe Confederacy were forever laid aside. It is said that be: brought borne with him a piece of tbe apple tree Dear wbioh the sur, render was made. We extend to him the best wishes of ihe occasion and trust that he i will be spared to spend many more happy birthdays with ^is loved ones. ; s . J. G. M. ' ** =w Lpe Stbre Just Around the Corner j AlwaVs alive with the latest upttodate BARGAINS Still selling *Wre Shoes and Slippers thanj/ any store in town. If youJcant guess the reason let miyuoe you. It cost you v less /to trade at this store. SEITHIS WEEK'S . SPECIALS. tOO ladies taped rest 8c, 2 for 154, a regular 1( e yest. fcoo ladies new st collars and Jab bos worth up to 50c for 19c / 200 pairs silk 1 sle gauze 25c nose for 10 days 21c I Pure silk hose, the best pos/sible 50c seller f ir 45c. I One lot of IS 1-2 and 15c I dotted swiss curt tin mull, 10 / days 10 cts. i i / Set up ai^d Take NOTrcE The finest quality babv Irish Floupcing aim Insertion to match, 500 botes reached the importer mora than two months overdue, sjdd to him at a big discount, p will post-? tivelv save you ^TXQ on each of these handsome dresses. Another 'lace surprise. Have just opened ud a hew lot of German round thretd lace not a piece worth less tfian 10c all to be cut one half, wbar choice 5c. J The popularity WARNER'S | rust proof llpnbreakabA CORSETS is i wonderful. i this liQe just one montlol^Bb Te~ ceived yesterday a filling in order Gran my^^Bgtnal oraer amounted to. J^Hfrnsd with featherbone, r,o.^Ht. no break, an ideal kumme^^Rrset. Wfu-ner Brotherk man^Bture more Corsets than ar^^fc'Ber _ fadtcry in the wdyld. still AT 1 BIG REDUCTION Shrewmhuyers and! those who care tk says W? to R. Z.\cBRT0N I [ ' . :'"r"' WBggg^,,M**g^gll!^lB?gWe Farmers and ! /HC'5 NO RJr X (BETTER DO tou^fiOT - - ' k4r? IT 'W&OL?BI TO H/WEV"yT?T INTHC BANI You can take care of youAelf when vou ( Make Our Hank Your Bank. We pa/ liberal interest c THE FARMERS^ AND / LOUISBUR / OFFIC 0. B. Cheatham, Pres. F. K. Egerton, M. S. Clifton, Aa UNDER SUPERVISION n>r -rue I THE AYCOG x We hikve tl x Drug Stoire i X N^WS NEW Vl> X NEW POl FRESH STOClj Everything n except ourfl ~r arS | "Old Re gas/on sku BC A CIAYTON ^ Who are with us ana anxious serve all th< LJ AYCOCK DRU I LQAJISBUF ROOM S RECENTLY VACATED BY 1 AAAAaaaaaaaaaaaaaaaai WWWWWWWWWWWWWWWWWWVW* My Ice House is now open for business. To those who nave not paid their JTc^ last year ice account \ will appreciate an early aettlembTrt^Pay your accounts promptly, enables meSti pay mv accounts promptly and gar-sjrompt de- //qOA MWJ/T&rW livery. Please give youV ordb?$for Ice ( fr^ i one or two hours ahead A Leavb^your 1 I (~ > ?8?i T^ri! order with us on Saturday for Sunday. V \C^yrwk^r?J/ R LOUISBURG ICE COMPANY \ xSbZ/TI 1Y\VJ7//j Per Jno. W. clutch, which allows I / " [ Direct sight opeiflng Headquarters for b"? Everything Good lT HURSTON liU JS#ttb\ I Hy MiHM> Quick Sale* artd Small At.~~ma -1automi Quick delivery, best goods for the But \ money. Bring rafc your eggs, chicken* \ hens, butter and fell country produce? c \ Will give the higlfcet mat ket price. \ X ' ICE :\ THE YEAR ROUND I am agent for t le King Weeder. King Best grades of g Side Cultivator I nd Guano Distributors This machine pflts the guano around thh plant, where it does the moat good Com. to in me. LOlUSt J NO. VV. KING - L__j. Merchants Bank ojjjSr: WELL JR MONEY V ' [et sick if you have money in the bank; [insistent with safety 4 per cent, compounded quarterly MERCHANTS BANK g, n. c. : . ERS Vice-Pres. R. Y. McAden, Cashier, iistant Cashier. state of north Carolina ' ( Drug co. i 1 ie / prettiest X a /the State. X [TORES Z JMTA1N X JOF DRUGS T ew and fresh ^ ( force which T thev. .liables" Z AYCOC.K \ "" ^ 1DDIE \ 5 r HIGH \ i and waiting to. see and (ir friends. \ G COMPANY | IG, N C 'X HE W. E. WHITE FUUNITURB CO. ~|gggg^ Indian. : f The Best Made ide witfKeither belt or chain drive. Exclusive engine tea- j > other mabhine Automatic lubrication instedS of having: land. Cradlb spring fork instead of coil. Free engine] machine tOBtopurg Auto & Machine Co. \ LOUI8BURG, N. C.