Newspapers / The Franklin Press and … / Sept. 3, 1936, edition 1 / Page 4
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PAGE FOUR uirHLANDS MACGNIAN THE FRANKLIN PRESS AND THE H — €hs i&'rsjtklin Wxs66 vtnit Rtmnnxi Published every Thursday by The Franklin Press At Franklin, North Carolina Telephone No. 24 VOL, LI BLACKBURN W, JOHNSON EDITOR AND PUBLISHER Entered at the Post Office, P'ranklin, N. C,, as second class matter SUBSCRIPTION RATES One Year ’ $1.50 Six Months 75 Eight Months $1.00 Single Copy 05 Obituary notices, cards of thanks, tributes of respect, by individuals, lodges, churches, organizations or societies, will be regarded as ad«er tising and inserted at regular classified advertising rates. Such notices will be marked “adv.” in compliance with the postal regulations. Let’s Celebrate Labor Day I ABOR DAY has meant little in Franklin and Macon Coimty in the past, because this is an agricultural rather than an industrial community and, too, because the town has ne^•er provided the entertainment and gala atmosphere usually asso ciated with a i)ublic holidaw This year, however, the folks of Macon Count}’ will have occasiop to celebrate Labor Da\'. That very energetic organization, the local Post of the American Legion, has undertaken to put on a pro gram in Franklin that should hol'd interest for both young and old. ' We hope and trust that it will be a most success ful event. The I.egion, we are confident, will do more than its part to make it so. The rest is up to the people of the town and count}'. The more who take i)art in it, the merrier. ' Let’s all declare a holiday Monda}' and join the celebration in Franklin . . . and let’s make it an •annual event, something to be looked forward to each vear. t>y A. B. Tuzzle picture V/HAT ARE they THIKIKIN& ABOUT 1010 sepTeMoera M T W T C ^ „ n 16 17 20 J.' 22 35 ^ ') 21 > J rr-J Number op n i LEGAL ADVERTISP Most of US have a great deal to be happy over this Labor Day—name!}', a fair chance to earn a decent living. The gladdening sound of more and more work whistles is being heard throughout the land, mean ing employment for man}- thousands of individuals who have been idle nuich of the time these last five years. Things are looking belter for the farmer, too. There is a market for his crops and at prices in many instances double those of several years ago. He who tills the soil for a living orrce more can look to the future Avith assurance that his efforts will be rewarded. Yes, w’e have licked Old Man Depression, and the man who earns his bread by the sweat of his brow has borne his full share of the hardships and done his bit toward recovery. Collectively, he has done more in achieving this victory than any partisan political group or any combination of industrial tycoons. It is the self-assurance, the hardy inde pendence of the hard-working people of this coun try, and their unsw'erving loyalty to their ideals that has nfade recovery ])ossible, while in other nations similar trials have led to chaos. We rejoice that a brighter day is dawning, and as Labor Day approaches we pay tril.)ute to the fabor- er, whether he work in field or faclorv. Br Barton The Seeds of Inflation 'T’lTE banks of the United .States have more money on deposit than at any previous time in banking history. Not eveti at the height of 'Our financial prosperity, before the collapse of 1929, did the 5,374 national banks liold within a billion and a quarter as many dollars as the $2(1,453,000,000 which the Comptroller of the Currency reported a couple of weeks ago. In addition, state_ banks -and sav ings banks hold even more. The stupendous total of money in our banks runs to above 58 thousand million dollars. This is sufficient, some financial experts say, to permit hanks safely to lend eight times as much, or much more than four 'hundred billion dollars. If that credit could be put to work, an immediate end could be made of any remaining vestiges of depression. Unless it is lent and put to productive .use, its net effect is to increase prices of all commodities without increasing commodity production pro])ortioii- ately. ^ We have, in short, reached a stage of credit inflation where we have more money than we know what to do with. Beyond doubt this bank money and credit 'ought to be put to work. As to why it is not W'orking opinions differ. The fact is that there i,s comparatively little demand for credit. So we have the curious, even amazing spectacle of a nation hterally chocked with riches and yet does .not turn its money into productive channels. Nothing like that has ever occurred before. That the dam which is holding back the flow of credit will burst, sooner or later is certain. When that happens, we may find ourselves in an era of cheap money and- high conmiodity prices such as America has never seen. The seeds of inflation are already in the storing-room of the banks.—Selected, NO ROOM FOR WORD “NEVER” Back in 1926, I happened to be riding with a vigorous middle^ aged man who had just sold his business for several million dollars. The contract provided that he should remain acti\c in the com pany, but his intention was to take things easy. “J am never going tj let niyself have any more financial woiiies, he said. "In addition to my stocks, 1 have $700,000 in the moss-back bonds. Whatever hap pens, they can never get me.” In 1929, his stocks began a nose dive. By 1931, he thought the de pression was over sufficient^/ so that he could make a large com mittment^ on behald of one of his Iriends, The committment nearly wredved him. For five years he has worked, harder and worried more than ever before. The other night 1 saw him again. \ business is getting better, his miproving._ Always an , , “This country is going to have another very profit able period The question Vill be have we learned anything? We chdnt know enough to salt avvav our wmnings before; shall we know enough to do it this tinu'>” ^ Another man remarked recentiv ■ Aly principal mistakes have been not in believing: too much in the country but m beheving too Uttle ^ sold some perfectlv o-nnrl • . iG'^9 k r securities in 19.32 because I was per.,uaded tha his depression was different that however nobly the country h^d re-’ re- s are which I Williams, that comedian whose vaudeville drollery has made me laugh a score of times until my stomach muscles ached. Earnestly and reverently, 1 pumped his hand. If I should ne'i'er see you again,” 1 said, ‘‘please remember that you can\ with you always the undying regard of a very grateful customer.” Being a top-notcher 'he is, of course, modest. He seemed a .bit surprised that anybody should say ADMINISTRATOR’S NC Having qtialifi,ed ai,a(kiii of Alfred R. Rickman, J late of Macon couiKy, X, is to notify all persotis claims, against the estate deceased to e.xhibit them undersigned on or. before I day of August, 1937,;or tlii will be plead in bar of tl covery. All per.soBS indebtfJ estate will please make ii settlement. This 20th dav of .Augtiil JOHN E, RICKil* Administrator A20—6tp—S24 'thank you,' H e is one of stocks are optimist, he said covered before, it could never e 5 ;s to see. selling today at prices thought .1 .never should Here are two smart nieiT On a otl.er was equally sure th. ’ ery would never come in r proportions to lift 1 ' ^“^‘'‘-''ent ho^k,” Both are in'Ilr both are wronJ co.mtry; it is big en'o^eh" to" tain almost every thin^. R ? ^ IS one little word too big even for i\Lh bttle word never. ‘“’e a ))recious little g'louj) of folks to whom 1 should like to make a similar ackno'wledge- raent. Are they not the world’s most valuable citizens? Of almost C'ery kind of talent there is an over-supply, W, i,a,Q of bcinkeis, lawyers, v,riler.., income ■U.X collectors, and investment coun- . oxs. But only a handful of men ,0, ''terally make you laugh nfl you cry. If there ever should anothei war, surely ^thev should u.u.e"\h" dL.fr""’ reTOnl - I-amb’s essays , “ touching conversatio,n be- an elderly man and his wife, di-o recounting the joys of theatres they ;he „ ’r bought shoukr bv 8'olden, and youth Soukl‘ie EneTs ^op^ght, K, F. S.) '^‘^VERTISING EXECUTRIX NOTK Ha-ving qualified as ( of W. B, McGuire, decej of Macon county, N, G, fi notify all persons havins against the estate of said to exhibit them to the un( on or before the. 30th day 1937, or this natice willbt' bar of their recovery,, .^1 indebted to said estate ivi make immediate settleroe® This 30th day, of July,,IS MARGARET BULCIN Ex Jly30—6tc—S3 Ha EXECUTOR’S NOTICE A'ThS”":! of Macoi, deceased; late of ^uacon county, q thi,- EXECUTOR’S NOTl Havitig qualified as exei Raleigh L. Corbin, decea of Macon county, N. C,, t notify .all persons havinj against the estate, of said to exhibit them to the -iiii! on or before the 11th dayo 1937,. or this ■ notice will, in bar of their recovery sons indebted to saW please m^ke immediate sf This 11th clay, of A#^ T. H. STOCI^fl GEO. B, PATTC Executory. i A13—6tc—S17 notify all persons IS to having claims ■id or befo;re the ^'^t. 1937, or fhi Aug- agamst the r said deceased thi 7th this notice will be ^ t ot s; exhibit them to the undersigned plead b,ar of their r ecovery, All i persons indebted i-n . -f laughter i 'Stli' A -At an informal nart,, t . I u ^tigust, 1936 ““party in,etHerb|s3~^tp-08 CURTIS, Executor. ADMINISTRATOR’S ^ State of North Cai'oli*'# Cofuinty of Macon Having qualified* as Ad® of the Estate of J- ceased, late of North Carolina, this 'S ^ all persons having claim- the Estate of said deceas hibit the same to the ii® at Franklin, North .CaW® before the 14th 1937, or this notice wiH in bar of their recovW' All persons indeb|e4 Estate will please m&M payment. , ■, This the 12th day of CECIL LOVE, Ad® of the Estate 0 Love, Deceased. A13—6tp—S17
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 3, 1936, edition 1
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