A. TONKEL, Louisburg's New Store
CALLS YOUR SPECIAL ATTWTTION FOR
Thursday, Friday and Saturday Savings
Ladies Bungalow Aprons, for 3
days only
69c each
New Summer Dresses of Printed
Voiles and other leading fabrics in
all the high shades, values up to
$7.50, for 3 days only
$1.95, $2.48, $2.95, and $3.48
?
32-incli Dress Ginghams in all the
newest patterns for 3 days only,
Per yard 19c
Silk Canton Crepe and Alltymo
Crepe Dresses, values lip to $19.50,
for 3 davs only, vour choice
$4.95' $6.95, $8.95, and $10.95
Best grade of Unbleached Sea
Island Domestic, worth 17%c, for 3
ilavs only,
Per yard 1214c
Don't forget the big Remnant
Counter, where you can get suited
for all purposes.
New Millinery received every
day and will be included in this 3.
day apenial, Huts up to $3.00, for 3
days only
? ' 98c
$5.00 trimmed Hats, your choice
$1.95
Hats in the very latest mid-sum
mer styles, for 3 days only
$2.95
10 pieces of 36-inch White Or
gandie, worth 39c, for 3 days only,
Per yard 19c
One lotTrf beautiful F inted Voil
es, worth 50c a yard, for 3 days only
Per yard 26c
Bathing Suits for Men, Women
f>nd Children included in this 3 day
special.
Shoes, Slippers 'and Sandals will
make a hit at the low prices offered
during thre 3 day special.
Men's" and Boy's Clothing bar
gains will be immatchable during
this 3 day special.
A. TONKEL, ? ? louisburg, n. c.
; . f ^
| ?? **
THE FRANKLIN TIMES
Am r. JOHNSON, Editor and Manager
Oh Year $1.60
light Mentha l.M
Six Months 71
ronr Months 40
Foreiini Advertising Representative
I THE AMERICAN PRESS ASSOCIATION ]
Entered at the Pont Office at Loula
fcnrg, N. C-. as second class matter.
TtK- memDers or tne CO operative
Associatioln of this District arc plan-^
ning for a big picnic at Xorllna oif
July 20th.
Senator . Simmons has endorsed
Speaker Dawson. of Kins;on, for the
Chairman of the Democratic Execu
tive Committee of North Carolina.
Quite a lot of complaint ts heard of
the several crowds who arc dynamit
ing fi?h in the river. We understand
.the names of some are known and that
very probably indictments will follow.
There seems to be some talk about
Dr. Francis A. Macon, of Henderson,
opposing Hon. E. W. Pou lor Con
gress from this District. There is no
doubt but that he would get quite, a
n,lce vote. '
The Town Commissioners are to" be
congratulated upon their effort to get
some revenua from the Opera House.
We understand that II the building
Is safe it can be rented. A number
are after it. so we learn, for a moving
picture theatre. Lets hope the ef
forts of the Board may materialize in
the Interest of the Town's Treasury.
The House has been a burden long
enough.
In the Interest of complying with
the law and lifting the cloud upon the
legal acts of the town why not the
present Clerk resign his position as
Commissioner or Clerk, and hold that
which he prefers. The Town cannot
expect the citizens to be law abiding
,when Its officers fall to see the re
quirements. This action would not
mean any loss to the present Clark
as the position of Commissioner pays
nothing at all.
The people of this community
should feel proud of the fact that they
have such' a wholesome p>lac? of
amiiseroent an Punltln Centre located
so ?ootenlent. It Is true that there
mat. some of our older citizens
who dp not approve of thin kind of
enttjnaent but It Is also a r?ct that
the young people are froing to iMk
amusement somewhere and to our
wny-fet thinking It Is a great deal bet
ter to* safer to provide It near home
vrhdfci we ?/111 know i hat its super
vision \?ill be such as guarantees the
rlgbt kind of amusements. The man
agement of this project Is wol. knov n
to our feople as pmon;.' Its lioct citi
zens who would not offer to anyone
elsel^lut which they would not in
dulge themselves and knowing the
peoAttrho will furnish the patron
age n|( ifr tatu'al'y could not ofler any
thing except the best and most refin
ed. PtUikln Centre affords amuse
ment .far our young people in a
viiol(rt<mie and refined manner and
donirteUe approval and patronage of
out t>eovle.
fcN fitfrtolNANCE AUTHORIZING
TrffiSlSSUANCE OF $50.000 00
BO** OP THE TOWN OF LOUI8
buHTn. c. for funding out
8T?|?NQ INDEBTEDNESS.
Tkjlki?r'l of Commissioners of the
ITownit LouUburg, N. C. do ordain:
?wJUfl. Negotiable bonds .of the
frown Eontisburg, N. C. shkll be ls
? gued fgrmrnt ?o the provisions of
the Municipal Finance Act of North
Carolina as re-enacted and amended
by the Extra Session of the North
Carolina Legislature 1921, it being
Chapter 106 of the Extra Session Pub
lic Laws 1921. entitled, "An Act to
Amend and Re-enact the Municipal
Finance Act. being Sections 2918-2961.
| Consolidate Statutes of North Caro
i lina," for the purpose of funding the
i Floating Indebtedness of said town.
Section 2. That the maximum prin
cipal amount of the irsue of bonds for
funding the Floating Indebtedness of
the said Town shall be 150,000. The
maximum rate of interest which said
bonds shall bear shall be six per cen
tum per annum; the maximum period
within which said Bonds shall ma
ture shall be twenty-five years.
? St'CLlun 3. ? That ii t.ix suHicient tu
tay the principal and interest of said
bonds shall be annually levied and
collected
Section 4. A statement of the debt
of the Town of Louisburg, N. C. has
been filed with the ClerR of said town
pursuant to the said Munlcilpal Fi
nance Act, Chapter 106 Extra Session
Public Laws 1921, and Is open (or
I-ublic inspection.
Section 5. The average assessed
valuation of property subject to tax
ation by the town of Louisburg, N.
C. for the last three fiscal years In
which taxes were levied as shown by
said statement is $2,093,755.00; and
the assessed valuation of property as
last fixed for municipal taxation in
said town Is $1,673,329.00.
Section 6. The amount of tha net
debt of the Town of Louisburg. N. C.
outstanding, authorized, or to be au
thorized, as shown by said statement
is $121,040.52.
Section 7 Th'at in fixing the max
imum period within which the bonds
hereby authorized shall mature, it
has been determined by this board
that the shortest period within which
the floating debt now outstanding can
be finally paid without making It un
duly burdensome upon the taxpayers
of the town, is twenty-live years.
Section 8. This ordinance shall
take c-ffact upon its passage and shall
not be submitted to the voters of the
Town of Louisburg, N. C., the bonds
hereby authorized being exclusively
for the purpose of funding the float
ing indebtedness of the Town, and
a necessary expense to said Town,
be id indebtedness being Incurred
prior to Dec. 5, 1921.
Section 9. This ordinance shall be
published once a week' for four suc
ui'bsln' weuk 111 the Piaiihllu Times,
a newspaper published in Louisburg.
N. C.
L. L. JOYNER, Mayor.
J. J. BARROW, Town Clerk- .
The foregoing ordinance was pass
ed and adopted on the 28th day of
June, 1923, and first published ?n the
?;th day of July. 1923. Any acttftn or
jroceedings questioning tho validity
of said ordinance must be commenced
within thirty days alter its first pub
lication or posting.
7-6-5t J. J. BARROW, Town Clerk.
A. N. Chew, of St. Louis, was fined
$50 for biting Avery Pickerel. Avery
claims he Is no fish. '
Australia has her kangaroos, but
we have our pedestrians.
Kansas City parachute jumper Who
landed on a cow can be thankful it
wasn't her husband.
REPORT OF THE CONDITION OF
The First National Bank
A Louisburg, Id the State of North Carolina, at the close of business on {
June 30th, 1923. .
RES OURCES
Loans and discounts, including rediscounts, accep
tances of other banks, and foreign bills of ex
change or drafts sold with indorsement of this
bank _ J 468,747.73
Overdrafts, unsecured 298.00
Deposited to secure circulation (U. S. bonds par value) 50,000.00
All other United States Government securities 16,154.00 66,160.00
Banking House $25,000.00; Furniture and fixtures $4,000.00 29,000.00
Real estate owned other than banking house 11,153.27
Lawful reserve with Federal Reserve Bank" 26,969.16
Cash In vault and amount due from national banks ? 29,107.3*
Amount due from State banks, bankers and trust com
panies in the United States 6,272.66
Checks cn other banks in the same city or town as reporting bank 464.91
Total of Items 9, 10, 11, 12 and 13 $ 35,844.90
nnifcci lUilCTJUO CooR IlTTUlH .' ^ ? ? ? ? O , A 1.2 . X 9
Redemption fund with U. 8. Treas. and due from U. S. Treas 2,300.00
Total L $647,894.06 |
LIABILITIES
Capital stock paid in $50,000.00
Undivided profits 18,783.07
Reserved for interest and taxes accrued 2,300.00 21,083.07
Less current expenses, Interest and taxes paid 12,965.85 8,117, $2
Circulating notes outstanding 48.700.00
Amount due to Federal Reserve Bank (deferred credits) -^7,641.32
Certified checks outstanding 2,143.88
Cashier's checks outstanding 868.'
Total of Items 21, 22, 23, 24 and 25 10,653.64
Individual deposits subject to check 160,483.22
Certificates of deposit (other than for money borrftwed) 126,275,09
State, county, or other municipal deposits secured by pledge of
assets of this bank or surety bond , ; 19,081.31
Other time deposits ( ... _ 198, 670. ft
Total of time deposits subject to Reserve ?_ 343,926.99
Notes r.nd bills redlscounted, including acceptances of other banks
and foreign bills of exchange or drafts sold with Indorsement
of thin bank * ? ... 26,1 12 J
Total ? . $647,894. 1
8tate of North Carolina, County of Franklin, as:
I, F. J. Beaaiey, Cashier of the above-named bank, do solemnly swear that I
the eboye statement is true to the best of my knowledge and belief.
r. r. BBA0UPY. Cashier.
Correct? "-Attest :
D. F. McKINNE,
WM . H. RUFFIN.
, . , * "
Subscribed and sworn, to before me this 3rd day o^ Jul y.
C. W. EDWAPOe, Notary Public. * ~
"% f- " ?
ORDER
At a special meeting of the Board
of Commissioners held in the Mayor's
office, July 4th, 1923 J. S. Howell F.
N. Spivey, Q. S. Leonard, M. S. Davis
J. J. Barrow and J. W. Perry present
it was ordered that the resolution in
regard to advertising taxes for 1920,
1021 and 1922 ordering D. C. H'eh,
Tax Collector to force the collection
of taxes acoordln* to law, be amend
ed, go as to read, one-third of said
taxes to be paid on or before the 14th
day of July, 1923, one-third to be paid
Ibe 10th day of August, 1923 and one
third to be paid the 10th day of Sep
tember, 1933, and in the event thdt
any or all of said payments be de
faulted in, then the Tax Collector, be
and he is hereby ordered and directed
to advertise and sell immediately the
property to pay said taxes.
This July 4th, 1923.
By oraer of the Board of Town Com
missioners of Louisburg, N. C.
L. L. JOYNER, Mayor.
J. J. BARROW, Clerk. 7-6-2t
Tndla has her earthquake, but we
have our presidential election.
Italy has her volcano, but we have
our William Bryan.
The Balkans have their wars, but
wo have our prize fights.
DON'T
FORGET
TO SEND
i. ADVERTISING
COPY IN EARLY
HATE TOD EVER NOTICED THAT
THE MERCHANT WHO SENDS IN
THE COPY FOR HIS AD EARLY
ALWAYS HAS THE NEATEST AD I
Getting Ready
Mike McTiguo has begun train*
ing at Babylon, L. -I., for a return
bout " with Battling Siki, from
Whom ho won the light heavy
weight championship. The match
la scheduled to be staged in Dublin
In 8' jptember, . .
THE FRANKLIN TIMES
k. F. JOHNSON. Editor and Manager
?TAR DROPS?
? Misses Kate Ballard and Nell
Joyner, of Franklinton arc guests of
Dr. and Mrs. R. F. Yarborough.
? ?
? Most business was . suspended In
Louisbirrg Wednesday afternoon, July
4th.
? ?
? Quite a large number o? our peo
ple spen' 4th nt PynMn *>"<?"?
? ?
? The enforcement of the automo
bile laws Is making driving on the
streets In Loulsburg a great deal more
safe.
? ?
?Information from Franklinton
states that Mr. H. L Strickland has
a sow that found 20 pigs n few days
ago. Quite a good find.
* t
? Kate N'eal, colored, of near Seven
Paths, was turned over to the Courts
for prosecution for concealing the
birth of a child and burying same
without a permit, by Coroner N. B.
House Monday: The child's body was
found by officer L. G. Turnage and
others, and a post morurr examina
tion was made by Dr. J. E. Malone.
* ?
? Mrs. W. P. Long, of Cedar Rock,
s spending the week with hor broth
er, Mr. J. W. Ferry.
? ' ? ,
? Work Is progressing nicely on
the new Graded School building.
I
DUET I