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J C i Bits of Wisdom The struggle of toda; '. not altogether for today It is for a vast future also. Abraham Lincoln. t j( iu;I if , i i ii ii imm . it A Brief Survey of Cur rent Events in State, Nation and Abroad the Facts Boiled Down to a Few Pithy . Lines. PROGRESSIVE LIBERAL INDEPENDENT VOL. XLVIII, NO. 44 FRANKLIN. N. C THURSDAY, NOVEMBER 2, 1933 PER YEAR "Z r'" 7 1 1 i ill li'i ASKS STRICTER BANK LAW Aroused by disclosures before the senate banking committee that through subsidiaries the Chase Na tional bank had in five years prior to 1932 bought and sold its own stock in' the sum of $860,000,000, Committee Chairman Fletcher has demanded new and stricter federal laws divorcing banks and invest ment affiliates. FARM STRIKE IS LAGGING Farm strike activities of the Na tional Farmers Holiday associations in six middle west states are meet ing with scant results, either in blocking milk, grain and produce from markets, or in causing any ,prir.e increases. FAMOUS ACTOR DIES Edward H. Sothern, 73, one of the nation's most famous portray ers of Shakespearean roles, died Saturday night at his New York hotel. He was born in New Or leans. RIOTING IN HOLY LAND Protesting against British orders permitting unrestricted Jewish im migration into Palestine, mobs of rioting Arabs for a week have en- Kagcu in violent ciasnes -wun po- tet in nilmprAiia tifiAfl liuntrolc nvv ii . 1 1 u 1 1 1 v i whj v. V t V. uuuuii.ua being injured and many killed. NEW FRENCH GOVERNMENT Albert Sarraut has completed a cabinet and has assumed the gov ernment of France succeeding Pre mier Daladier, forced to quit through lack of confidence in fi nance plans. STEEL MEN YIELD TO LABOR Steel interests who had hither to steadfastly refused to treat wih organized workers in their "captive" coal mines, on Monday agreed with President Roosevelt to negotiate , with union officers if named by the workers. Over 20, 000 strikers in the "captive" mine area are returning to work on basis of the agreement. DETROIT RIOTERS WREAK HAVOC Around. 2,500 rioting men in .300 jars sped through Detroit streets "onMOTtdayTlways-just-aheadf - pursuing police, and wreaked heavy damage on seven toot and die mak ing factories where strikes have been underway for a month. The shouting men hurled bricks and timbers through windows, raided offices and burned blue " prints, turned cars over in factory yards, terrorized employes. Inspects Franklin Reemployment Office ' Mrs. Mary Thompson Evans, of High' Point, regional supervisor of the federal Reemployment Service, came to Franklin Tuesday to in spect the activities of the local reemployment office. She was high ly pleased with the management of the office and complimented John W. Edwards, its director, for his efficient work in listing the unemployed - and - finding jobs . for them. - ' Box Supper To Be Held : At Coweta Church A box supper is to be held Sat urday night at Crtweta church for the benefit of the church. The proceeds will be used to defray the expense of some necessary re pairs and to buy lamps for the church. INS-LAND BANK .... .. ..... Land Bank Lends Farmers $705,000 S. L. Looney, of Tampa, recent ly elected president fo the Produc tion Credit Corporation of Colum bia, resigned last week and Ernest Graham, of Red Springs, N. C, vicq president, was promoted to succeed him. The Production Credit Corporation is one of the four units of the Columbia regional Farm Credit Administration, the other units being, the Federal Land Bank, the Intermediate Credit Bank and the Bank of Coopera tives. .' til 1 1 IV - 11V --- l l" Una, South Carolina, Georgia and Florida have been granted-loans totaling $705,000 during the flast week by the federal Land Hank President Frank H. Daniel of the Land Bank says that with the double shift which is now being employed, between 200 and 300 loans will be closed daily by the first of November. Application for loans from the Federal Land Bank andor the Land Bank Com missioner are being received at a rate of approximately fifteen to eighteen hundred a week. BANK AWAITING R. F. OACTION Plan of Reorganization Gains Tentative Approval $20,000 BEING SOUGHT Bank To Become Part of Federal Reserve System All restrictions on the Bank of Franklin, which since April, 1931, has functioned only as a liquidating agency and trust depository, are expected to be removed as soon as officials of the Reconstruction Fi nance Corporation at Washington give final approval to a plan of reorganization which already has been tentatively approved by the Charlotte branch of the R. F. C. The plan calls for a reduction of the capital stock of the bank from $65,000 to $25,000; the issuance of $20,000 in preferred stock to the K. F. C. in return for $20,000 in cash; and the collection of $25,000 in assessments from old stock holders. New common stock shares are to be issued on a basis of the reduced capitalization and pro rated to holders of old stock, and in return for each $100 paid on assessments by a stockholder he will receive an additional share of stock. Collection of the stock assessments, however, will not in crease the capitalization, for a sec ond reduction in capitalization" is provided in the reorganization plan. Stockholder Agree G. A. Jones, attorney for the bank, announced this week that stockholders already had paid in or agreed to pay in nearly all the neces-i sary $25,000 in assessments. The pres ent reorganization plan, he said,1 wa9 completed after- many weeks of negotiations for a loan from the Reconstruction Finance Corpora tion. A somewhat different plan was att first proposed, providing for theissuance of preferred stock to Jhose- paying assesments. After a careful inspection of the- bank's assets, however, a representative from theCharlottebranchofthe R. F. C. advanced the present plan. Preliminary to reorganization, the bank, at the suggestion of the R. F. C has charged off as worth less all but $57,500 of its assets., This meant, it was stated, writing off the books approximately $70,000 in notes, many of them secured by real estate or collateral which even tually will be of value. To Pfuth Collections 'Charging off these assets, how ever, does not mean the bank will discontinue its efforts to collect them," Mr. Jones said. "The fact is we are going to try all the harder to collect the notes' which have been written off. Every course of action open to us will be taken to secure payment on these accounts. Charging them off the books merely means that they are not classed as liquid assets and the notes are not renewable." When reorganization is completed the Bank--ff -F-rahklin will become a member of the Federal Reserve system and after January 1 its de posits will be insured under the (Continued on page six) Prefers Planes For Making G. L. Houk, who went to Wash ington last week to appear before the Interstate Commerce commis sion in the Tallulah Falls railway Case, loft the capital at noon last Saturday and was back in Franklin at 8:30" o'clock that night. How did he do it? Quito-simply by making the trip from Wash ington , to Atlanta by airplane, in stead of by train. Now the Frank lin school principal is a confirmed ir traveler. "In the future,"- he commented, "I'll always travel by ' plane when I have to go on long1rips; It -is more- comfortable-savcsa loi.f time and the expense is very little greater. In fact, in the case of round trips, it is frequently less expensive to travel by airplane than bv railroad." The plane fare from Washing ton to Atlanta is $35, Mr. Houk said. This includes a light meal during the afternoon. 1 The train fare would be approximately $25; Pullman fare would add $6 'more and, besides, there would be the expense of two meals, makim? the Times Improving, Subscriptions Show Business is getting better, thank you, or else folks are be coming more interested in The Press-Maoonian. Last month this newspaper received more new subscriptions and renewals than during any single month for the past three years. One subscription solicitor reported receipts of $75 in October-a record under the present man agement. We hope this is indi cative both of improved busi ness conditions' and more read er interest The larger our cir culation, the better paper we are enabled to produce. MILLIONS AIDED BY RED CROSS National Relief Agency . Reports on Past Year's Work. The American Red Cross has reached into the homes of six million families in the past year with ZunempIoymenTand disaster relief, Chairman John Barto Payne announced recently in Washington. "As the year closed the organiza tion continued in readiness to serve in the forthcoming winter at the point . of greatest need and to adjust its service to meet the calls of the emergency of un employment and disaster," Chair man Payne stated. 311-1 In a year of greatest economic distress in the nation's history, in which the Red Cross ably discharg ed a relief task in distributing flour and clothing to distressed families in all but six of the na tion's 3,098 counties, the organiza tion also was called into action in 120 disasters, of which 96 were within the borders of the United States. Earthquake, floods, hurricanes, fires and other cataclysms visited death and destruction upon the livesand Tiomes of thousands of that in the. 120 disasters almost athousand4iveswerelqstl 48,340 homes were destroyed or damaged, 13,275 persons were injured, and Red Cross relief was given to 452, 879 individuals. In giving aid in these disasters, in its unemployment relief and in handling the distribution of govern ment wheat and cotton, the Red Cross expended from its national treasury the sum of $1,070,284, During one period of twelve weeks, 46 disasters occurred in 23 states. Red Cross disaster workers were hard pressed in meeting all of these needs occurring at once, but everywhere misery was prompt ly relieved. - Support of the Red Cross work is through its annual roll call, con ducted by chapters in the period from Armistice Day to Thanksgiv ing Day, November 11 to Novem ber 30. Everycitizen who joins the Red Cross as a member aids in carrying relief to disaster vic tims and -in other Red Cross ser vices, such as preservation of life, child welfare through the Junior Red Cross, and direct service for the public health. to Trains Long Journeys total cost of the trip by train ap proximately $33.50. "The plane was as comfortable as anyone could want it," Houk said. "If you were tired of sitting, you could get up and .walk around some. And there was little noise, for the. cabin was sound-proofed. One felt just as safe, if not safer, than if he were traveling in a1 big bus. Everything was done for the comfort of the passengers. If you wanted a cold drink or a cigarette, the hostess would bring it to you. In the middle of the afternoon she served tea. If you wanted to read, shc would bringyou a magazine or newspaper." The train trip from Washington to Atlanta requires 18 hours. The airplane, one operated by Eastern Air Transport, took only four hours and 20 minutes, although it made stops at Richmond, Greensboro, Charlotte and Greenville. Mr. Houk made the trip from Atlanta td Franklin in his auto mobile and this required about as much time as the plane trip from Washington to Atlanta. WETS AND DRYS CLMtlVICTORY Non-Partisan Sees Small Repeal Majority In County ELECTIONTUESDAY Repealists Plan Meetings Saturday and Monday Nights v With the. registration books clos ed, repealists and anti-repealists are making last minute plans for Tuesday's election on repeal of the Eighteenth Amendment. Voting will be at the usual places in the various precincts of the county. . , The anti-repealists are claiming they will carry Macon county and stand a good chance of carrying the state. On the other hand, the repealists have little doubt that the state will pile up a big ma ioritv for repeal and. locally at least, they are so confident of sue: cess that they have perfected noj countywide organization to get their followers to the polls, Non-partisans have forecast a repeal vote in the state, but are dubious as to whether the vote will be on the two-to-one basis which some of the more ardent repealists have predicted. One non-partisan prediction as to Macon county gives the repeal ists a maioritv of 300 to 500 out of a probable vote of 3,000, if the weather is good. This prognosti cator said Franklin probably would vote two to one for repeal. He also placed in the wet column: Highlands, Mill Shoal, Cowee and Smith's Bridge precincts. He ven tured that Flats, Nantahala No. 2 and Sugarfork would vote for re tention of the Eighteenth Amend ment, and that the vote would be about even in Ellijay, . 'Cartooge chaye, Nantahala No. 1 and Burn- ingtown. , . Reynolds' Coming Uncertain Senator Robert R. Reynolds, who was . expected to address a mass meeting for repeal in"" the court house at 7:30 o'clock Saturday nlghfTtelegf aphed last - Friday-that he probably would have to cancel the engagement on account of . his throat giving out. He announced he would - broadcast . an address from station WWNC at Asheville Monday night, the eve of the elec tion, and repealists here have plan ned to have a public radio party to hear him in the courthouse. A radio set has been supplied by the Macon County Supply Company and will be set up in the court house early Monday evening. Sam J. Murray and John W. Ed wards, who had made arrange ments for Senator Reynolds to speak here Saturday night, were still hopeful Thursday that he might be able to fill the engage ment. The meeting will be held, as scheduled, they said, and if Sen ator Reynolds fails to appear an address - will - be made by State Senator W. R. Francis of Waynes- ville, author of the beer bill enact ed at the last session xf the North Carolina legislature. The United Dry Forces in the county have announced no plans for their campaign between now and the election, but they have been sending speakers to various churches throughout the county and are expected to make a concerted drive for votes on Sunday. Two Ballot Two ballots are to be voted on in Tuesday's election.- One will be for "convention" or for "no con vention" to determine whether a state convention shall' be called to vote on the prohibition question. The other ballot will be to name the delegate to the convention, should one be called, Dr. S. H. Lyle is the repeal candidate on this ballot and Alex Moore is the anti-repeal candidate. Affirmative votes in 36 states are necessary to repeal the Eigh teenth Amendment. Thirty-three states already have voted for Tepeal and - none has - voted against it. Five other states besides North Carolina are scheduled to vote on the question Tuesday. They are: Ohio, Pennsylvania, Utah, South Carolina ' and Kentucky. With little doubt that at least three of these states will vote for repeal, wets in states, such as New York, which do not' have state prohibition laws, are confident of having legal alcoholic beverages by Christmas. Most of the states, however, Have state laws prohibit ing the sale of liquor. Tallulah Falls Railway Case Argued Before I. G. C. A Message to Business Men On hit return from Washington, where he appeared before the Interstate Commerce Commsion in opposition to the petition for abandonment of the Tallulah Falls railway, G. L. Houk, a member of the pfublic committee fighting to save the line, wrote the follow ing circular letter urging Maoon county 'business men not to re linquish their support of the. line: To the Business Men of Macon County. Gentlemen : The petition of the receiver of the T. Ft Railway asking for permission to abandon, the road was argued before the Interstate Commerce Commission Thursday of la,st week in . Washington, D. C. At the request of the committee and others interested in retaining the road, 1 attended the meeting before the Commission and assisted in presenting the case for the people opposing abandonment. The decision will mot be rendered for some time, and what it will be is a question that can not be answered now. But I can tell you thi much: If the road can operate at a profit, it will, doubtless, be continued; if it loses money, and continues to lose money, there is no question but that it will ultimately be junked. When this is done, no one now living will ever see another train run between Franklin and Cornelia. I am writing this letter to aek your help in keeping this railroad for Macon County. We all realize that we are passing through a critical time, and if by whole-hearted, united, one hundred per cent support, the road can be kept running till normal buinessconditions are established again, the fight will be won and the future permanency of the line may be expected. I am sure that yc(u and every one else in the county want the T. F. Railroad to continue to operate, and 1 believe you will be glad to do your part by giving it all the business you can. If for any reason you are not now giving the 100 per cent of your patron age, begin now. The near future will decide this one way or the other. If the road goes down, we all lose, you with the rest I us. Don't forget that. Yours very truly, G. L. HOUK. MANY FEDERAL JOBSVACANT G ongressman Weaver Makes Public List Of Openings . Congressman Zebulon Weaver has notified constituents in this district of a long list of federal jobs, rang ing Trorntyplst and transit man to superintendent of an Indian 'agen-cy7whichare-rrew -open -to .appli cants, subject to civil service ex aminations. - -i . Application forms for the jobs are obtainable from the nearest postoffice or from the Civil Ser vice commission in Washington. List of Openings Following is a list of the. jobs open : Rodman and chainman, $1080 to tn?fl ner vear i j Surveyman, levelman, transitman and recorder, $1260 to $1500. (Applications for the above jobs must be filed with the secretary, Board of U. S. Civil Service Ex- aminers, U. S. Engineer Office, Nashville, Tenn., not later than November 14, 1933.) Student fingerprint classifier. $1440 - per -year.- Jr." librarian (prnal -institutions) $2000 - -per- year. ... Supt. Indian agency,. $4660-$3200. Assistant to Technician, - forestry, $1980-$1720. ' -1- Jr. tabulating machine operator, $1440. (Continued on page six) New Town Population Comes From Country Between 1920 and 1930, the farms of North Carolina contributed some 250,000 people' net to the towns and cities of the stale aiid nation. "Three-fourths of those' migrants wore young people between the ages of 15 and .30 years of ago and one-half of them wore between 15 and 25 years old at the time, of migration to the cities," says lir. C. Horace 'Hamilton; rural sociol ogist at State college', Raleigh. "During the ten-year period .men tioned, about one-third of the farm population- b e t w e e n the ages of 15 and 25 years left the farm for the towns and cities. The average ago at the time of migra tion' was around 20 years, though many 17 and 18-ycar-old boys and girls left." Dr. Hamilton says more Negroes than whites migrated and that the farms lost few people in the middle aged ' group. On the whole more females left the farm than did males. ,' . These figures show clearly that the city is parasitic on the coun try, he declared. HUNDRED HIRED ON ROAD WORK $100,000 To Be Spent on New Projects in Forest The United States forest service road from Kyser's store on high way No. 28, eight miles west of Franklin, throogh the Nantahala National -Fores tta.Nantahala Ra tion is to be widened to at least 16 feet all the way and surfaced with stone, it has'been" announced by John B. Byrne, supervisor of the forest. Work has already started on the project, with nearly a hundred men employed at 45 cents an hour, five hours a day, six days a week. Two crews are at work, one on this side of Wayah gap and another on the other side of the gap. The men were recruited through the local office of the national Re employment Service This project, and also two others in this county, are being financed with funds furnished by the fed eral Public Works commission. The other projects are improvement of a fire protection road in the Horse Cove vicinity and the construction of - another - road - in -the -Coweta seciton, leading from the main highway to the site . of the pro posed forest experiment station on Coweta. - The ihree projects,Ir. Byrne said, will cost approximately $100, 000. Employment of local labor (Continued on page six) "If we want to reform the city, let us begin with the country, par ticularly in the country schools," he said. "Courses in urban social and civic problems should be taught rural youth before they migrate to the' cities." The investigator also pointed out that this migration shows the need for furher tax reforms. All rural public services should be supported entirely out of state and national funds. "The recent net drift of city population' back to the farm has practically ceased. . It was a tem porary" ph'enomWotPdue" largely to the paralysis of city industries," said Dr. Hamilton NOTHER TENNESSEE DAM The Joe Wheeler dam on the Tennessee river above Muscle Shoals has been authorized for construction by the Valley author ity as soon as surveysvare com pleted. A mile long and 50 feet high, it will create a lake 100 square miles in area. Strong Case Presented Against Abandonment Of Line G. L. HOUK RETURNS Decision in Case Likely To Be Delayed for Some Time Fate of th(f Tallulah Falls rail way is now . in the hands of the Interstate Commerce;' Commission, but it is not known when that body will announce its jkcision in the case. Arguments on the petition of the receiver, J. 1 (iray, for abandon ment of the 5K-mile line from Cor nelia, Ga., to Franklin, wore heard by the I. C C. in Washington last Thursday. Appearing in opposition to the abandonment petition were G. L. Houk, of' Franklin, representing the communities served by the rail road ; Jud P, Wilhoit, chairman of the Georgia Public Service Com mission, and W. H. Hendley, traf fic manager of the Taylor-Colquitt Tie Company, of Spartanburg, S. C Arguments in behalf .of the aban- ment petition were submitted by Judge Wheeler, of Gainesville, Ga., attorney for the "T. F." and also for the Southern Railway company, and L. L. Oliver, another repre sentative of the Southern. "Judge" Gray was present, but did not ap pear formally in the case. Facts in the case already had been laid before the commission in the form of briefs. Mr. Houk reported the commis sioners showed a surprising amount of interest in the case, asking many questions. Each side in the men Viart an hnnr fnr arcriimfnt Point to Improvement Speakers against abandonment pointed to the great improvement in traffic over the "T. F.," referring to figures showing that, although a deficit of approximately $9,000 was accumulated during the first fivf months r( .. this irpar hnin4S in subsequent months had reduced this deficit to approximately $3,000 September revealed a net profit of $1,850 for the month. It was contended that with the return ot m r rm r 1 fiiintc rMilitlnne fV fj-vt i rrVl . out the country the "T. F." will be self-supporing. Attorneys for the railroads at tempted to show that the earnings of the "T. F." in recent months had been made through neglecting to make necessary repairs and replace ments in connection with mainten ance. " i Line in Good Shape Mr. Houk pointed out, however, that the line is in excellent con dition and that mode had already been spent this year on replace ment of cross ties and bridge tim bers than an engineer of the Southern railway had estimated would be necessary. fris -thought likelythat -it wi be " some weeks, possibly several months, before the I. C. C. an nounces its decision on "Judge" Gray's petition. Prizes Awarded Drawing Held at Close of Sanders' Sale More than a thousand people gathered in front of Sanders' Store Tuesday afternoon for the drawing of prizes awarded at the close of Sanders' anniversary sale. Following is a list of the awards : First prize, a walnut dresser, Mrs. Frank Tallont. Second prize, a four-poster bed, Miss Esther Waldroop. Third prize, a cedar chest, Law rencc Moffitt.V Fourth prize, server, Bill Justice. Fifth prize, an occasional chair, Forest Hoilnian. Sixth prize, an occasional chair, Miss Ova Mae Hastings. Seventh prize, a library table, Mrs. John Wasilik. Eighth prize, foot' stool. Miss Ella Stewman. ... ' Ninth prize, stool, Wiley Hol brooks. Tenth prize, magazine rack, Mrs. Alice Thompson. , FRENCH STATESMAN DIES Paul Painleve, ' 70, formerly pre mier of France and one of the na tion's most admired statesmen, died Sunday morning of a heart attack.
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Nov. 2, 1933, edition 1
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