PAGE TWO
THE FRANKLIN PRESS AND THE HIGHLANDS MACON IAN
THURSDAY, JANUARY 16, 1M1
Broughton's Inauguration
Largest In State History
Summary of Address With I overhead.
Kecommenaauons Dy
New Governor
The inauguration of Joseph Mel
ville Broughton as the 31st Gov
ernor of North Carolina last
Thursday brought the largest out
pouring of people in the history of
the State Capital. The Raleigh
Auditorium was packed with more
than 5,000 people, and thousands
more heard the inaugural ceremon
ies and address over loud speak
ers. '
Perfect weather welcomed the
throngs and the coUrful parzic
The buildings were bedecked with
flags and the presence of. khaki
clad forces of the nation's pre
paredness program .some on foot
and some riding big guns lent a
military touch to the procession.
Planes and an army blimp flew
FFATSoFOVJER
jf rSAi BOfcR or
ZfwMj&Jt SCORED
ftSffii XCOMJECUTIVE.
YOULL WIN EVERY
START WITH -
EXTRA
PUT MUSCLE
INYbUR MoToR
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The
IFiraokMra
IPress
and
Highlands
Maconian
Crowd Of 125,000
The mass demonstration marked
the esteem of all for the outgoing
governor, Clyde Hoey, whos ad
ministration has been marked by
goodwill and progress, a well as
a welcome as notable and impres
sive as any Governor ever received
at his inauguration. The retiring
and incoming chief executive Of
the state and their friends rode
together and left ,the auditorium
together as a 19-gun salute boomed.
The oath of office was admin
istered to the 52-year old attorney,
first Raleigh native to become gov:
ernor, by Chief Justice Walter P.
Stacy in the executive, office erf
the Capitol, receiving the symbol
of office, the keys and the great
seal of North Carolina from the
hands of Governor Hoey.
A luncheon, reception and in
augural ball filled the remainder
of the day, and late into the eve
ning, all attended by unprecedented
numbers.
Police estimated the crowd at
125,000 largest ever to gather in
Raleigh. In the inaugural parade
was massed more military might
than had been seen in the capital
since Sherman occupied it in 1865.
Broughton' Speech
Broughton's iinaugural speech was
ontimistic ' concerning the states
financial status, but contained many
sober references to the world
crisis. ' i .
Applause interrupted several
times, thev loudest burst coming
when the new governor pledged
the state's cooperation and support
to President Roosevelt's internal
and foreign policies.
The following summary of Gov
ernor Broughton's address contains
the specific recommendations that
will mark Iris administration :
Briefly reviewing the progress
made in the past, the Governor
pledges allegiance to North Caro
lina's tradition of progressive con
servatism, points to the resources
of the slate, and promises co-oper-'
ation with the General Assembly
in a program designed to benefit
the state, lie urges a ''reasonably
sliort session".
Taxation '
The State must adhere to its
policy of a balanced budget. Minor
amendments to the permanent Rev
enue Act . may be necessary, but
there should be no substantial'
changes in the .tvies "fixed in
1939.
Due to revenue needs for social
and humanitarian ' purposes, the
sales tax should be continued, but
should be removed from all essen
tial foods for home consumption,
by adding to the list of exemp
tions already made.
Public Schools
Remarkable progress has been
made in the .school system, but
there Is much remaining to be
done:
1. An adequate and fair teacher
retirement bill should be enacted,
preferably one embodying the rec
ommendations of the State Retire
ment Commission, which would in
dude all state employees.
2. The appropriation for voca
tional training and guidance should
be increased and an adequate
number of trained teachers in this
field should be provided. It is
also recommended that the Legis
lature provide for a thorough
study of the .subject.
3. Teachers should be protected
so as to give reasonable continuity
Coffin a Bomb Refuge
VV1'""' ";'
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i -
If fcnfrjliTYmoff,initiiiiMiiiMiri'itt
A 400-year-old stone coffin in the crypt of the Church of Christ Spit
alfields is the bed of Michael O'Connor, a London East End laborer
whose home was destroyed some months ago by a Nazi bomb. Hundreds
sleep in the crypt, a. refuge from air bombing. '
Nantahala
National Forest
Did
You
Know
TL.i
$28,000 worth of National Forest
timber has been cut during the first
six months of the fiscal year 1941
This amount falls just $3,000 short
of the total amount cut during the
entire previous 12 months.
The major portion of this revenue
was received from the sale of saw-
timber. One sale in Macon county
has "averaged better than 400,000
board feet per month, and on one
occasion cut over half a million feet
in one month.
Sales to small timber operators
are more numerous than ever, there
having been a total of 60 timber
sales less than $500 in value made
during six months as against the
same number for the previous 12
months.
Timber sale activities on the Nan
tahala National Forest continue at
fever pitch. Many of the sales have
been the result of increased activity
in the National Defense Proeram.
such items as chestnut and hemlock
sawtimber are being sold as rapidly
as they are placed on th market
There have been 3W million feet of
chestnut sawtimber sold during the
past three months and another 800
M is now in the process of being
advertised for bids.
Two scalers are kept busy con
tinually in administering these sale.
The three Forest Rangers located
on the Nantahala National Forest
spend from on t-third to one-half
of their time appraising, marking.
aa4 scaling timber,
of employment by amending the
School Machinery Act.
4. Though .the local units should
still be allowed to supplement and
expand school service, it should
not be forgotten that the schools
are part of the state .system. The
goal of a uniform nine . months'
term and a 12th grade for all high
schools should have early attain
ment.
5. In view of labor , law changes,
consideration should be given to
raising ttie school attendance age
limit from 14 to 16 years.
6. There is considerable duplica
tion and overlapping in the public
school system administration. If
these are found to hamper school
development, the General Assembjv.
should consider submitting to the
Voters a LonsfiUUonal Amendment
creating a state hoard of educa
tion With lull responsibility and
powers for the administration of
the state school system.'.'
7. ''Increases should be made in
the admittedly inadequate salaries
of school teachers, insofar as this
is possible within available revenue.
8. Continuation of the program
of adult education in cooperation
with Federal agencies should be
favorably considered, in view of
the results attained.
Other Educational Agencies
The needs of the Greater Uni
versity and teacher training schools
for . adequate appropriations should
be carefully considered.
ine state has been laggard in
.supplying public libraries, and
should now share in providing
them, particularly in rural areas.
Public ftoada
Many sections of the state's
great system of primary highways
are now proving inadequate and
must be revamped or rebuilt. The
General Assembly and the High
way Commission are urged to make
adequate provision for farm-to-
market and home-to-school rural
roads. Funds collected for ' road
purposes should be used wholly
for these objectives and not be di-
verted for uses unrelated to the
road and highway program, and
the principle of a state highway
system should be upheld.
Agriculture:
The Governor suggests important
changes in our agricultural meth
ods, asks even greater emuhasis
on the program of diversified
farming, and approves appropria
tions to agricultural agencies suf
ficient to encourage the raising and
marketing of livestock. The "Dec
ade of Progress", program merits
"heartiest, cooperation". Friction,
overlapping and duplication between
state agricultural agencies should
be terminated.
Goneervatioa And Dereloomant
The Governor endorses the state's
enlarged conservation program and
makes these recommendations: (a)
provide for timber conservation and
tire protection out of the general
tuna; (b) apply the entire uro
ceeds of fishing and hunting li
censes, less cost of administration.
to propagation and conservation of
fish and game: (c) supplement and
extend state geological facilities
and closely coordinate all agencies
dealing with ceramics and mining
industries, to meet the urowins:
defease demands of commerce and
industry; (d) enlarge the division
of commerce and industry. Main-
tenance of the state's new Wash
ington office to attract new indus
tries and secure defense contracts
for the state is desirable.
Transportation And Freight Rates
the handicap of freight rate dis
crimination is a matter of vital
importance to agriculture and in
dustry in the state. Aa addition
to the appropriation for the Util
ities Commission has been asked in
an amount sufficient to enable the
state to participate actively in an
investigation of ;the problem, now
being conducted by the Interstate
Commerce Commission.
Health And Humanitarian Agencies
The message requests adequate
provision for pivblic health and for
the various state hospitals and in
stitutions for the afflicted. Funds
for the completion of the Eastern
Carolina Tuberculosis Sanitorium
authorized by the v 1939 Legislature
are needed. Legislators are urged
to provide for training prisoner,
in useful trades to further theit
rehabilitation, and the "bwsr! ana industries are condemned s "are
correctional treatment of prison
ers is endorsed as part of the
state's velfaret program.
Department Of Labor
Careful consideration of the re
port to be made by the commis
sion appointed in 1939 to study
wage and hour, legislation is urged.
Law Enforcement And Civic
Righteousness
The General Assembly is asked
to give much attention to law ob
servance and eniorcement . The
highway patrol should be relieved
of any tax collecting duly and
should devote itself exclusively to
law enforcement duties. 'Patrol ad
ministration and personnel should
be removtd from politics, and rec
ommendations for legislation af
fecting administration' of the patrol
and "other agencies related to the
regulation of motor vehicles" are
promised. Immediate laws should
be enacted prohibiting "the unre
stricted and unregulated sale of
so-called fortified wines". Slot
gambling machines should be bar
red, "with 'no kjtopholcs in the law
either for revenue or other pur
poses." Reapportionment And Redistricting
The creation of a twelfth dis
trict from which to elect the ad
ditional Congressman to which the !
....... :.i J.. h lOJil I
census is . preferable to provision
for a congressman-at-large. Reap
portionment is a duty at the pres
ent time under the mandate of
the1 State Constitution.
Cooperation With Federal Agencies
Cooperation "in every reasonable
way" is promised in the effort to
obtain (a) fair share of such ......
benefits as rural electrification,
NYA activities, CCC camps, farm
aid, social security 'benefits, includ
ing unemployment compensation
and old age assistance, public wel
fare and relief contributions, and
all other benefits available under
the, program inaugurated by the
Federals-government
National Defense And Related
Matters
The state will cooperate fully
with military and naval training
posts and defense industries etsab
lished within its bounds. Harmon
ious relations between capital and
labor are imperative. Strikes af
fecting essential, war or defense I
Auto Tag Sales
Reach New High
Sale of 1941 automobile tags in
dicates that a new high record
will be set this year, revenue de
partment officials' said today. .
A total of 473,601 pairs of plates,
were sold through January 8, com
pared with 440,379 through the
same date last' year, when an all
time record was set. 1
Former Franklin Boy
Trains At Key . West
Joe Duncan, son of Rev. N. C.
Duncan, formerly of Franklin, ra
dio engineer for Station WWNC,
Asheville, and a member of the
U. S. naval communications re
serve, has been called to active
duty in the underwater sound
school at Key West, Fla.
The Key West school specializes
in training naval . men in the work
Of detecting approadiing craft at
great distances through underwater
radio and sound instruments.
attempts by employers to exploit
labor or to destroy the well earn
ed rights of labor under the guise
of emergency or pretense of patriot
ism. The President's policy of furn
ishing: England all possible aid
snort of armed intervention is ap
proved. Any legislation necessary
to provide an adequate homeguard
and to strengthen state and local
law enforcement agencies should
be given first attention.
Better Food
) In abundance, prepared:
to suit your taste
j COME IN FOR A SANDWICH!
OR A MEAL
CAGLE'S CAFE,
A. G. CAGLE, Owner
FRANKLIN, N. C.
) We Appreciate Your Patronage
J. E. Potts & Son
Funeral Directors
SOLID OAK CASKETS
AMBULANCE SERVICE
IS f.uUa, M
REPORT OF CONDITION OF
TAME B Aim 0IF MB AME&LM
Of Franklin, in the State of North Carolina, at the Close of
Business on December 31&t, 1940
: ASSETS ' '
L Loans and discounts (including $.. ...... overdrafts)................ $144,264.69
2, United States Government obligations, direct and guaranteed........... . 18,501.00
3. Obligations .-of States and political subdivisions '. ....' - , 40,425.61
6. Cash, balances with other banks, including reserve balances, and cash
items in process of collection 267,61178
7. Bank premises owned $5,325.01, furniture and fixtures $1.00. . 5,326.01
(Bank premises owned are subject to no liens not assumed by bank)
8. Real estate owned other than bank premises 1.00
11. Other assets ............................ 653.56
12. TOTAL ASSETS v.. ..................... $482,783.65
LIABILITIES
13. Demand deposits of individuals, partnerships,, and corporations..... ... $311,425.27
15. Deposits of United States Government (including postal savings).'..... 37ik2i
16: Deposits of States and political subdivisions.... 99,80626
18. Other deposits (certified and officers' checks, etc.)... 2,057.50
19. TOTAL DEPOSITS . .-. $413,669.26 j
21. Mortgages or other liens, (none) on bank premises and (none) , on
other real estate.
23. Other liabilities 4,355.22- .
24. TOTAL LIABILITIES (not including subordinated obligations
shown below) i.. . $418,024.48
CAPITAL ACCOUNTS
25. Capital ....... $25,000.00
2b. Surplus .... 35,000.00
27. Undivided profits ...' . 3,759.17
28. Reserves (and retirement account for preferred capital)........... 1,000.00
29. TOTAL CAPITAL ACCOUNTS $64,759.17
30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $482,783.65
This bank's capital consists of $ of capital notes and .debentures; first
preferred stock with total par value of $....-... , total retirable value $
second preferred stock with total par value of $. ;.. ., total retirable value
$. and common stock with total par value. of $25,000.
MEMORANDA
31. Tledge assets (and securities loaned) (book value):
(a) U. S. Government obligations, direct and guaranteed, pledged to
secure deposits and other liabilities $14,000.00
(b) Other assets' pledged to secure deposits and other liabilities
(including notes and bills rediscounted and securities sold under
repurchase agreement) .. 41,000.00
(e) TOTAL $55,000.00
32. Secured and preferred liabilities : .
(a) Deposits secured by pledged . assets pursuant to requirement
of law 55,000.00
(d) Deposits preferred under provisions of law but not secured by
pledge of assets 37823
(e) TOTAL ............................ .............. $55,378.23
34. (a) On date of report the required legal reserve against deposits of '
this bank was v, 62,050.40
- (b) Assets reported above which were eligible as' legal reserve
amounted to 267,61178
I, H. W. Cabe, Cashier, of the above-named bank, do solemnly swear that the above
statement is true, and that it fully and correctly represents the true state of the
several matters herein contained and set forth, to the best of my knowledge and belief
' . H. W. CABE, Cashier
Correct. Attest:
M. L. DOWDLE. Director
- GROVER JAMISON. Director
SUU of North Caroline
County of Macon.
Sworn to and subscribed before me this 10th day of January, 1941, and I hereby
certify that I am not an officer or director of this bank.
w r .- '. a " RACHEL SLAGLE, Notary Public
My Commission expires March 9, 1942.