A UEVKBMAL Or FINANCIAL POL
ICY
What a different tale the farmers
of this country would be able to tell
and how different the telling ot that
tale would be (or all the business
Interests of\the country, II the Federal
Reserve Bank ot Dallas Is now pur
followet the policy which the Federal
Reserve Bank of Dallas in now pur
suing and encouraging Its member
banks nott? jprese farmers for their in
debtedness. This Is so complete a re
versal ot all the conditions prevail
ing ln 1921 which brought in the fear
ful deflation from which the world
is still Buffering, that a statement Is
sued by the Dallas Bank to Its mem
ber banks Is worth quoting. It Is as
follows:
"Under normal conditions the re
discounts of the member banks vitb,
the Federal Reserve Bank of Dallas
run ofT very rapidly In the fall, and
ordoarily the season has not progres
sed vei-y far before we find ourselves
with a surplus of funds. Unless we
can employ theso funds in the district
we are compelled to invest them ln
bankers' acceptances and other eli
gible paper arising from transactions
in other districts. We are quite anx
ious to use these surplus funds at
home and employ them for the better
ment ot affairs ln this district We
are not so much concerned about a
member bank paying off a maturing
farmer's note ln cash if there Is a
8<n8ibl^""re~ason why a new note of the
same farmer for a reasonable amount,
secured by warehouse receipts or
other evidences of title to cotton whlcn
he has produced, may be substituted."
Think of it, and marvel at the
change which has taken place! Here
is a distinct statement thst this Fed
eral Reserve Bank Is not so much con
corned about a member bank paying
oft a farmer's maturing nctei In cash,
if there is a sensible rearon why a
now note of the same fanner for a
ri.asoir.iJle amount can be contiuucd
l-ased on cotton. If this policy had
teen pursued by the banks of the
country in place of the deflation cam
paign, which definitely sought to
break down prices, the farmers would
be worth billions of dollars more than
they now are, and the wealth of the
country would be many billions .of
dollars greater than it is.
The new policy comes late In the
day but It only serves to indicate how
completely the general policies of the
Federal Reserve Board have been
changed under Its new management.
The tight of the Manufacturers Re
cord and the Augusta Chronicle and
one or two other papers has not been
In vain. But who knows when an or
ganisation having such limitless fi
nancial power for good or evil might
again come under evil Influences and
inflate that It might again deflate? Is
there nil remedy*
o
MORTGAGEE'S SALE OF LAND
By virtue of the power of sale con
tained In thrvt certain mortgage deed,
made on Sept. 2, 1918. by Alex Mc
Kniiilit end wife, Martha MiKuight.
4o K. G. l uster, mortgage, and :e
c.i "tied ir. Book 210. pug-! <29, Regis
try of rVanklin County, N. G., default
having been made In tbe payment of
the Indebtedness thereby aecuiti ned
demand for foreclosure having been
made on said mortgagee by the hold
er of said Indebtedness, the uudur
signol will on
MONDAY. AUGUST 20, 1923
at or about the hour of noon at the
Courthouse door In Loulsburg, N. C.
offer for sale at public auction to the
highest bidder for cash, a certain
piece or tract of land lying and be
ing In Loulsburg Township, Frank
lin County, N. C. described In said
mortgage deed as follows: Lot No.
2 and 3 situate on Granite Street In
the Liberty Heights Property, front
ing 107 feet, running back 188 feet,
with a back of 94 feet, as surveyed
and plotted by M. Stuart Davis, Sur
veyor. which said plat Is duly record
ed in "the office of the Register of
Deeds -of Franklin County, reference
to which is hereby had. n
This July 16. 1923.
E. G. FOSTER, Mortgagee to the
use of R A "Foster transferee.
Wm. H. & Thos. W. Ruffin.
Attorneys. 7-20-5t
The above sale was continued tp
Monday, September 3, 1923, at about
noon, by consent of all parties con
cerned- This August 20, 1923.
E. G. FOSTER, Mortgagee to the
use of R. A Foster transferee.
Wm. H. & Thos. W. Ruffin,
Attorneys. 8-24-2t
Subscribe to Tbe Franklin Times
Free Flower 8eede
Ton will ba (lad to kaow Utt Has I
Un?s'. "Tba Soath's tataM,' will
|tn >?v a boo; 1.000,004 HitaU at
?Ml ot tba Souths moat popular Oow
ara this aprlnr
Thar* to nothing to tba bona that ,
can ocanpara wtth rlob oolorad Oowar*.
Thay biighlas us all up and maka any
housa attraotlTa. Too oant plant too
many Qowara and thla opportunity to
??t Bhlrtay Popplaa, BrsrlaaUnc Flow
era. ttnpl??. Coamoa and Bun
la* Bush abaolataly traa, la oartalnly to
ba walootnad by all i? data ot this
pa par.
Ton oan gat thtml Juat wTtta to
Baatlaxa' tor tha naw ltll Cataloc It
tails you bow to (at Oowar aaads traa.
It baa 104 pagea ot baaaUfal photo
sraphlc ploturas and oorraot daauilp
Hons ot (ardan flowar and ttald aaads.
bulba and plants, and alao la tan ot
aim oat dally tn arary ?ooUkara bona
It's tba moat valuable aaad book ?rar
publish ad and you win ba mlrbty (lad
rou"ra got It Jaat wrfta ana aak lor
tba dmt Catalog
N. ?L HA?T1NM OO,
Atlanta, *a.
HATE TOP ET1IB NOTICED THAT
THE MEKCHAMT WHO SENDS |>
THE COPT FOB HIS AD EARLY
ALWAT8 HAS THE NEATEST AD1
NOTICE
Having qualified as administratrix
of the estate ot John Henry McGhee
deceased, late of Franklin County, no
tice is hereby given all persons ho].;
inK claims against said estate
sent them to the undersigned on or
before the 10th day of August, 1924,.
or this notice will be plead in bar of
their recovery. All persons indebted
to said estate will please come for
ward and make immediate payment.
This Aug. 9th, 1923.
8-10-St MRS. EULA McGHEE, Admrx.
NOTICE OF SALE
The superintendent of schools has
been instructed by the Board of Edu
cation to advertise and sell the fol
lowing public fchool property In
Franklin County:
One room school building in Frank
linton Township known as Popes.
The site that this building is on is not
tor sale as It reverts to the original
owners.
One room school building in Frank
llnton Township, known as Mt. Olivet,
and a one acre site.
One room school building in Frank
linton Township, known as Mitchtirars
and a one acre site.
One room school building in Hayes
ville township, known as Balance
Kock and a two acre site .
One room school building in Sandy
Creek township, known as Kearneys,
and a one acre site.
Bids for any or all of this property
will be reoelved until 10 o'clock Mon
day morning, Sept. 3rd, 1923. The
right Is reserved to accept or reject
all bids.
E. L. BEST. Superintendent
ot Franklin Co. Schools, i
8-10-4t Louisburg, N. C. 1
Habltuai woaaupatloo Cared
Ja M to 21 Dtyi^ ?
-IAX-FOS WITH PEPSBTir a specially
nropared SyrupTonlc-Laxpflve for Habitual
HBSUpatloa. It letla^a promptly but
should be taken regularly for 14 to 21 days
to Induce regular action. It Stimulates and
Regulates. ' Very Pleasant to Take-? 60o
per bottle, y'
MONEY TO LEND ON nfPROVBD
term landa. ? par emit Inter eat.
No eommlaaloa, no bonua. May ran
(or II or be paid off at optlota
of borrower. Only a abort Una re
quired to (?t tba money.
J-14-tf 8. A. NHTWULL.
A TONIC
Orove'a T uttfUai chill Toole reetorea
Boergy and Vitality by Parifylng and
Enriching the Bluoi When yoo feel Its
strengthening. ikvlitArntlng effect, tee bow
It bringa color \ to the check* and how
It lmprovae thA appktlte, yoa wtU then
appreciate lU trdfe tonfc value.
Grove' t Taateleea\obUl\ Tonic la tlmpiy
Inn and Qnlnlne arwpmaed In tynip. So
pleasant even children lite It. The blood
?aeda QUININE to VurlfyMt and IRON to
flnrtck !?. DeaUoya Malarial flermi and
Grip garma by lu SutegtbAnlng, Invlgor
f Ml>| Effect Me. \ \
What It Takes To
furnish The Gas
mean life and health to some part of the body. Exercise diet,
massage, drugB ? none of these things will re-allgn spinal bones,
so whatever you do for your health's sake, add chiropractic spin
al adjustment.
Chiropractic spinal adjustments remove the cause of disease In
aliments of the eyes, ears, nose, throat, lungs heart, stomach, liv
er. kidneys, bowels and lower organs.
Ideas may be the spark plugs of business but what it takes to
furnish the gas is good health. Whatever else you do for your
health's sake, add chiropractic spinal adjustments.
There is nothing you can do thit will re-allgn displaced spinal
bones jutc?pt to take chiropractic spinal adjustments. If a spinal
hone Is out of alignment, it. causes pressure on Spinal nerves and
a defective delivery by spinal nerves of the mental impulses that
DR. CHAS. BREMNER
Henderson, N. C.
LOl'ISBl'RG OFFICE IX .UK. D. C. HIGH'S RESIDENCE
TUESDAYS AXD FRIDAYS, 2 TO 5 P. M.
Phone III GROCERIES
Your order will receive the same prompt
attention that you get in person? and it
will save you the time and trouble of
coming to our store.
Special service gladly rendered.
J. Allen Harris
LOUISBTJRO, North Carolina
Poundwl In IM? CHarUrMI In |M?
- * TRINITY COLLEGE
*\ Otit^iam, North Carolina
Trinity College otter* the general student the choice of a wide variety ot
courses leading to the bachelor e degree. For mature students it pro
vide* also special grdupa Of atudlBs In Business Administration, Relig
ious Training, Knglneering, Pre-medlcal, General Science Work, Teacb
tlon In all Department*. School oflng and Pre-legal. Graduate Instrac
Law. Fall Term begfM M; 17, ms. ? J
For catalague and Illustrated Bjcklet addre** -
?. L. PLOWBM. tsuretary to the Corporation
- ' I ! 1 1
TUCKER'S
HOTEL and
CAF E
Main Street
LOUISBURG, N. C.
The beat of meals the mar
ket affords and prepared In
the beat of fashion.
Plenty of rooma for the
accommodation of all who
wish to spend the night, all
well fnrnlshed.
J. C. TUCKER
? Proprietor
THE
FRANKLIN INS. AND
REALTY CO.
Announce that Mr. B. Ft.
Perry has taken charge i>I its
Insurance busnessb. Mr. retry
will be glad to see his friend.;,
and when in need of ANY IvfSl)
of Insurance, see him, Mr.
Perry has had many years ex
perience in Insurance, and is
prepared to glre the public the
best of service.
For Insurance of any kind,
write, phone or see
Bennett Perry
THE
FRANKLIN INS. AND
REALTY 00.
We are glad to announce that Louisburg will be as
* ell prepared to handle the tobacco for the farmers this
year as any place in the State. There will be two open
sales warehouse with new blood and new buyers and a
Co-operative house under efficient managefment. You
are invited to bring your tobacco to Louisburg. We
will be glad to extend to you every courtesy and ac
commodation possible. We will cash your cheeks
when the banks are closed and see that you can buy
your supplies as cheap as anywhere.
Br'ng your cotton to Louisburg also. We can as
sure you the best of facilities and prices.
Wbv-n you come to Louisburg be stire to call in to
see us. We want to greet you and want you to make
our Store your headquarters.
Bring Your Tobacco
.... TO ....
LOUISBURG
F. A. ROTH COMP'Y.
. Lfouisburg's Busiest Department Store
LOUISBURG, ? ~r ? ? _ North Carolina
Member Business Men's Association, Louisburg.
Better than Memory
GEORGE BERNARD SHAW
says that no man's word la as
good as his bond, for an hon
est man's honor is better than
his memory. Make use of th's
bank and bring accuracy and
6'
system into your business.
Farmers National Bank
Under U. S. Government
Supervision *
MAIN STREET, OPPOSITE COURTHOUSE
u ... -gri- . . v *4
Louisburg, N. C.
v ? ? ?
WRKLEYS
Take it home to
the kids.
Have a packet in
your pocket for aa
ever-ready treat.
A deliciottt ctmfoo
fan and an aid to
the leetfc, appatita,
dijestion. i