THE FRANKLIN-TIMES Issued Every Friday 815 Court Street Telephone at?-l A. F. JOHNSON, Editor and Manager James A. Johnson, Assistant Editor and Manager SUBSCRIPTION RATES One Tear $1.1*0 Right Months .... 1.00 Six Months 70 Four Months SO Foreign Advertising Representative AMERICAN PRESS ASSOCIATION N?v York City Entered at the Postoffiee at Lonlsburg, N. C. as second class nail matter. CONFLAGRATIONS STILL HAPPEN "The day of conflagrations is not past," says F. D. Layton, President of the National Board of Fire Under writers. And he has plenty of evidence to support his statement. 4 Last May a Chicago granary fire and explosion devas tated an area one-fourth mile square, took eight lives and destroyed property valued at more than $3,000,000. Ear lier in the year, fire razed a business block in Sandusky, Onio, causing a million-dollar loss. Several buildings . went up in smoke in Halifax, Nova Scotia ? to the tune of $800,000. As Mr. Layton also says, "The threat of great fires is present in most cities." Inadequate or outmoded build- '? ing codes ? the existence of ancient firetraps and tene ments ? poorly organized fighting facilities ? unstable water supply ? these are a few of the hazards that may, at any moment, produce a hell, of smoke and flame which will leave death and destruction in its wake. * Further, the conflagration danger is not confined to the larger cities of the country. A quarter-mile fire such as that which occurred in Chicago is soon forgotten in a metropolis ? a fire of similar size in a small town would destroy it completely. In many of the small com munities a single factory is the main > o nce of the town's jobs and ineome. If that factory burns, a blow is struck from which the community may never he able to recover. Here is where "the eause of fire prevention comes straight home to us all. To help prevent fire is a per sonal job. 0O0 ENCOURAGE PRODUCTIVE INVESTMENT In this' time of crisis abroad, the problems faced by those financial institutions which serve the economic needs of this "country inevitably become more serious and varied. And the efficient functioning of these in stitutions becomes of even greater than normal impor tance to the nation ? its workers, producers, industries. It will be a grave disservice to the cause of American progress and security if in the press of the hysterical [ sentiment a foreign war generates, we take hasty and j ill-advised "emergency" steps which will impair the ! operation of the financial machine. Banking is a case in point. The banks have been ac cused of practically every sin on the economic calendar. The cold truth is that the banks, with few exceptions, have served the country exceeding well. Instead of "hoarding" funds, of which they have been often ac cused, they have made every effort to find safe avenues ? 0,f investment, in the light of the legal restrictions gov- ? erning bnrik loans, and of their obligations to the people who own the money. They have solicited the small borrower no less than the large. There is a dearth of , normal investment, of course ? but the general uncer- ! tainty and fear that have blanketed the countrv for ! years are the prime cause. *. .>?? * -< ? - At this time it would be ruinous to lay further legis lative burdens on the functions of banking. We must realize thoroughly the great difference between curbing dangerous war speculation and preventing legitimate, necessary investment. "What we need to do is to en courage honestly productive investment and the earn ing of fair and reasonable profits. There must be an armistice on untried and disturbing experiments by gov ernment. There must be a calmer and broader public understanding of the difficulty industry faces ? and which our financial institutions, as the servants of pro ductive, employing industry, face with it. The war abroad will cause abnormal and as yet unknown strains on our entire economic system ? and it is our task now to make necessary readjustments as easy to take as possible. ^ ? . . . .. . > oOo ELECTRICITY DOESN'T PRODUCE REVOLUTIONS . V Those who listened with full belief to the early claims of the proponents of public power development must wonder why, now that some $2,000,000,000 has been spent in six years for this purpose, the forecast indus trial revolution hasn't taken place as scheduled. The New York Herald Tribune explains this simply enough whpn.it says: "The cost of power, except in , the case of a handful of industries, is a comparatively inconsequential item of manufacturing cost. It is not an important enough element to encourage factories to move from the large industrial centers, where the avail ability of labor, transportation facilities and the prox imity of markets are vital considerations. In the case of paper, chemicals and cement, power is a fairly impor tant consideration, but even here it represents only from 2.9 to 8.3 per cent of the wholesale cost of the pro duct* ? ? ? i i "The notion that t,l?e existence of cheap power alone will cause industry to be torn up by roots and moved from one end of the country to the other is only one of the ifftjaions that prevail concerning the boon of 'cheap electricity. ' " ^ The United States government itself, curiously enough, has thoroughly exploded the argument that the cost of electric power is a hindrance to industry. A Cepsys Bureau study shows that the combined cost of fuel and purchased electricity by all manufacturing in dustries in 1937 came to less than 2^ per cent of the wholesale value of the products made. And an expert, in commenting on this, observes that, as much of the fuel was used for heating, it is probable that the cost of electricity alone in these industries was little more than 1 per cent of the wholesale value of their products. The cost of labor, taxes, supplies ? these are the great items of manufacturing cost to any industry, even as power is a microscopic element in the balance sheet. And that's percisely why socialized power, incredibly expensive as it has been to the taxpayers, has failed al most 100 per cent in producing the great industrial shift and expansion predicted by those who favored it. YOU CANT QUIT ADVERTISING YOU'RE TALKING TO A PARADE NOT A MASS MEETING _ ^ YOUR HOME MERCHANTS ASK you TO "BUY AT HOME" ? ???????? HOME DEMONSTRATION DEPARTMENT Ullie Mae Braxton, Houie Demonstration Agent *?????? ?? Home Agents Schedule October 23-28 Monday ? Office. Tuesday ? Gold Sand. Wednesday ? Cedar Rock. Thursday ? Pearces. Friday ? Popes. Saturday ? Federation. The Fall Federation meeting of the Home Demonstration clubs ' has been postponed one week and will be held at the Agriculture building Saturday, Oct. 28, be ginning at 10:30 A. M. The (all Federation meeting is an achievement day. Miss Anne Ben son Priest, a former Home Agent in this county is to appear on the morning program and give a re port on her trip to a meeting of the Associated Country Women of the world, which met in Lon don this year. The afternoon program is to be a joint celebration for men and women of the 25th year of exten sion work. The men are invited to spend the day. Dr. Jane S. Mc Kimmon has been invited to speak in the afternoon in behalf of the woman's work and some man will tell something of the The Rhoades Family ... by Squier 1 a LOAD OF TAXES? Truck* pay IS tlMM a* Heavy taxM par ton aa do Ilia railroad*. If a freight ear of California orange* going to Now York were to pay truck tax**, the tax hill would he more than $840. The tax eo*t oa the coa?t to coatt trip of the loaded freight car i* now only $54. Co*t* of torn food* would go *ky high If the railroad* war* taxed like truck*. work of the Farm program. The special interest meeting on Mattress Making which was sched | uled (or Oct. 23, will not be held. RENEW YOUR SUBSCRIPTION I J We know a Louisburg married man who is always outspoken ? by his wife. Perhaps its easier for a girl to walk the straight and narrow path when she has a shape like that. TONKEL'S DEPARTMENT STORE 02 Come in and see hund reds of pairs Men's WORK SHOES at 148 *nd '1.98 v " a pair h Men's Work Shoes, Na m tionally advertised Ball * Band, Wolverine Horse h Hide and Top Grade Endicott Work Shoes at the low price, $2 ^ a pair Men's and Y oung Men's GRIFFON SUITS The kind that you have to pay up to $35.00, At Tonkel's Now $22-50 and $2g.00 NOW READY TO DISPOSE OF THEIR COMPLETE STOCK OF BRAND NEW FALL AND WINTER MERCHANDISE AT A GREAT SACRAFICE! Men's and Young Men's New Style FALL SUITS All the Newest models and ? patterns. 100 SUITS FOR QUICK SALE ! TONKEL'S LOWEST PRICE IN YEARS. !9-95 and 12-50 A Suit. LADIES' DRESSES In the newest materials such as wools, silk crep es and shally cloths. Reg. $5.00 values, * Now ? *1.88 *nd '2.88 Ladies' Fall Coats, Fur Fabrics, the newest ? tweeds in the very lat- w est styles. The low price ? '4.95 ? '6.95 %95 Ladies' Shoes and Ox fords, in all widths and colors, medium, high and low heels. Price *149 ? 198 '2.95 IT* 1 - The World's Lowest Price on Piece Goods in the face of the Big Advance ? Remember Tonkel's Motto: ? E SELL IT FOR LESS