Newspapers / The Franklin Times (Louisburg, … / July 23, 1926, edition 1 / Page 8
Part of The Franklin Times (Louisburg, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
PENDER'S YELLOW FRONT STORES BE THRIFTY Shop at a Pender's Store Franco American Spaghetti, can 10c ? a"? Peas, No. 2 can 12c Snowdrift Lardt 4 lb. can 77c Eagle Condensed MilK, Can 19c Go smart's Ginger Ale 15c C. & C. Dry Ginger Ale 18c ?rd FLOUR 12 lb. Bag - 241b. Bag 48 lb. Bag 62c $1.21 $2.36 8 Asparagus Tips, Can 39c French's Mustard 14c . Squire Brand Mustard 10c Land o' Lakes Sweet Cream Butter 45c Hondew Preserves Large Jar 35c Za-Rex Fruit Punch 37c D. P. TEA 21c WATCH YOUR STEP 17 Accidental deaths in North Caro lina last week. 8 by Automobiles and Trains. 9 from other causes. Better ba prepared by getting an Ac cident Policy today from, T. W. WATSON Kumely harm Machinery We have just added the Rumely Farm Machinery line to onr business and can equip you with the famous Oil Pull Engines and Tractors. Let us show you how we can save you money on your farm machinery pur chase. . ' Or garage is always at your service and all are pre pared to give you the best of service. Youngsville Garage J. H. Holliday, Prop. Youngsville, N. C. TO UUCU ON IMFROVKD ? of borrow*!- Only. *nll*4 to *K th* M< ?? A. "I'm ?onr. old tap!" "Sorry whyr "My wlf? )ust bought ? new hat an ?he h?a gone to show it to your wife. a man haa ao tnnch t hla credit he can't pay. WMAY IS HURTING MUNICffAL CREDIT t addressed th?~tel lowing communication to all oounty, city, town and dlatrfcfc officials in North Carolina who hare bonds or other obligations outstanding: "Municipal bonds?State, county, oity and district bonds?constitute the highest form of credit. They bear the lowest Interest rates [known.. One reason of their popularity lies In the expectation of absolutely prompt payment of principal and In terest The owner of a municipal clips his coupons a few days before they mature, sends them to a local hunk, and restg in the comfortable assurance that on the exact day of their maturity his bank will notify him that they hare been paid. With few exception!. North Caro lina counties, cities and districts real lse the responsibility of paying these coupons when due and at the place where due the place usually being i bank ir, a financial center. It is the fact that there are excep tions to this promptness that Is like, ly to reflect upon the credit of the State and is hurting the credit of all its counties, cities and districts. The State officials, under necessity of borrowing millions of dollars ev ery year forroads and permanent institutions, are again and agala con | fronted by the statement of some New Yoik banker lha? he Is unable I to get certain county town or district I coupons paid. Often the complaint is that the lo cal treasurer defuses to remit the funds, or has forgotten to do so, to the bank where they are payable. ' Every such failure constitutes a "default" A default bars savings banks and trustees from further In vestment in the bonds of the default ing district, under nearly all lawa re Aulating investment. The direct ef jfect upon the defaulting county, tc^wn Lor district is a stigma requiring yekrs 'to live down. But there is an indirect effect upon other districts and municipalities la the same State and even upon the State itself. There are counties, cities and town in North Carolina unable to borrow money today at the low In tereat rate that their own credit war rants because of the occasional care lessness of some county, town or dls. trict official in falling to remit funds for interest coupons at the right Hww? [and place. Within the last two years one of the States?not North Carolina?omit ted to pay promptly when due Interest on certain of Its obligations held by a department of the same State. That t"cpartm"L- exerted no prfssu'e and was evidently content to wait for Its moaey. But the New York State Banking Department was not content and promptly forbade the savings banks within the State of New'York from making further Investment In any bonds or securities of that State. If public officials realised the vital importance to their own communities and to the State' at large .of main taining absolute strictness as to the time and place of making payment upon bonds and interest, and if they appreciated the spirit of the financial world In referring to short defaults as constituting breaches of "honor," these things would not happen. Chapter 100, Public Laws of 1926 is an attempt to put a stop to all mu nicipal bond defaoits in raig Stmts. The clerk of every board lssuliw bonds to required to register with the State Auditor al^ bonds before their issuance. The act makes It a doty of tha State Auditor to notify every disburs ing public officer, whether of county, city, town or district thirty days before -he time for disbursing funds upon principal of ln erest of bonds advising hb.- of the tl"ie sod place of tem.-.'yr.? Every failure of a disbursing of*. ? fleer to remit principal and Interest funds at the right time and to the right place s made ' mistic manor by this act, and any tax payer or I holder of obligations not promptly paid may sue and collect from the defaulting officer the sum of $200 for every failure. Some counties In North Carolina unfortunately, have m reputation In New York financial Circle# for fail nree to make prompt payment of in terest. The bonds of these counties and their cities and towns sell at I higher Interest rates than the normal rates. Officials who ars about to, offer bonds for sale receive printed blanks from bond investment houses, asking! for descriptions of bonds and of the issuing municipalities. One of the questions which every such blank pre sents for answer Is "Has your city ever defaulted In the payment of prin clpal or Interest of its indebtedness T" I It should be the aim and pride of evsry public officer to be able to | ?newer that question with a catego rical "no." In the interest of the tax payers and In order to preserve the financial reputation of the State, tfik counties dtlee, towns and local districts, 11 earnestly urge to the officials who are charged with these Important du ties to see to It that their obligations are met on the day they aru dne." An attractive roadside market will appeal to the hot, tired traveler and offers a good opportunity to sell sur plus prodnoe, find many farm folks in North Carolina. To stop a Cough Quick ? H ?* HAYES- HEALING HONEY* a ? ~ i the cos* by I aAvSVJhSES JSKS^S Qoup la enclosed with everr hush ?r Bilious Bull feeling "MY old atand-by la Thedfbrd'e "X Black-Draught?I have used it off and on for about SO yearo," aaya Mr. W. & Keynolda, of R. F. D. *, Arcadia, La. 1 gat bflioua and hava a bad in my mouth. My bead taH. I dont just feel like _ armmd and doing my work. I know it iaut laitnaaa, but bUouaneaa. "So I take a flaw doaee of Black Draught and whan it acts wall, I get up foaling like near?'foil of pep" and na^y for ai^ kind of work. lean certainly reoomTrvwnd ft" In case of MHousneee and other dlsagrawahla conditions due to inactive liver, Black-Draught to drive the poisonous tm PB out of the system and tends to leave the cagans in a state of normal, healthy activity. Black-Draught is made entirely of pure medicinal roots and harbe and mutaina no harmful mineral druga. be safely taken by Sold everywhere. Price 26c. Tht'iiiorti's LIVEKMtOK'Ni FOR FIRST CLASS JOB PRINTING PHONE 183 SEABOARD AIR LINE RT. Effective May 10th, 1925 Louisburg, N. 0. Trains Daily Except Leave Sunday No. 330 8:30 A M. No. 312 11:40 A. M. No. 334 5.-00 P. M. Trains Daily Except Arrive Sunday No. 331 10:15 A. M. No. 311 3:40 P.M. No. 335 6:45 P. M. For information regarding rates and schedules apply tft L. L. JOYNER, Agent, Louisburg, N. O. JOHN T. WEST, D. P. A., Raleigh. N. C DR. J. C. MANN the well known Eyesight spe cialist and optician will be at the Leonard Jewelry Store, Lou tsburg, N. Cm every first Thurs day in each month. Headache re lieved when caused by eye-strain. Office equipped with the latest examining instruments. When he fits yon with glasses you have the satisfaction of knowing that they are correct. Weak eyes of children should receive expert attention. His next visit will be Thurs dar,?August 5th, 1926. Office hours 10 A. M. to I P. M. 30 Days eduction MSB'S SOLES, SEWED 75 CENTS PAIR ?jr.Amgfl SOLES, SEWED 50 CENTS PAIR MEN'S GOODYEAR RUB 35 CENTS PAIR LADIES RUBBER HEELS 25 CENTS PAIR . Ladies leather taps 15 CENTS PAIR it 7" ji? * ''f LOU1SBURG REPAIR SHOP J. LFHMAH, PwpriOll. t doom MMv r. i Rotk'i Attractive Excursion Eares VIA SEABOARD AIR LINE RAILWAY SUMMER EXCURSION FARESt On sale dally until September 30th. with final limit October Slat. 1926. To aummer reaorta Potnta In United Statea. Hound trip fares Raleigh to Los Ange > lea and San Francisco, Cal, 1138.30. Good for stop.OYer at all Intermediate points. SPECIAL EXCURSION FAKES t To Niagara Falls, N. T. and At lantlc City, N. 7. Sold only on certain dates, with limit of IS days. Round-trip tares from Raleigh to Atlantic City 616.86; to Niagara Falls <26.70. WEEK-END EXCURSION FARESs Sold only on Fridays and Sat urdays, good returning until Midnight of Tuesday after date of sale. Round trip fares from Raleigh to Portsmouth-Norfolk $7.60; to Virginia Beach $8.16. For Schedules, rates and other Information apply to nearest tick et agent, or to S. C. High, C. T. A. John T. West, D. P. A. 11 W. Davie Street Phone >700 Sir Walter Hotel RALEIGH, N. C. | Refrigerators | J All Kinds of Porch Furniture and Rugs J i 3 Piece Fibre Suits i i W. E. White Furniture Co. LOUISBUBG, N. 0. That Blissful Feeling There's a feeling of comfort when you slip on a pair of Florsheims that starts from the toes and spreads and spreads till you feel good all over! And say, Florsheims look every bit as grand as they feel. Take this tip-they're the best buy in shoes there is. Our line of Spring wearing' ap parel is the most complete and attractive we have had and at reasonable prices. Call and let us show yon. With every purchase we give you a ticket. When you have traded $20.00 worth you get $1.00 free. If you trade $10.00 worth you get a chance at a piece of china, and when you trade $2.50 you get a child's parasol free. And we don't charge you any more for your goods. . ? - '?* *V; ?#. T.C. YOUNGSVTLLE, N. 0. ; * * i u * hi. *' t {~J ? i V . \ /!?11 ' *. - , ? -
The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 23, 1926, edition 1
8
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75