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