THE FRANKLIN TIMES
Issued Every Friday
aia Court Street Telephone 283-1
A. F. JOHNSON, Editor and Manager
James A. Johnson, Assistant Editor and Manager
SUBSCRIPTION RATES
UOne Tear flJJO
Eight Month* .... 1.00
81* Months TO
Four Month* .... JJO
Foreign Advertising Representative
AMERICAN PRESS ASSOCIATION
New York City
Entered at the Poetoffice at Loulaburg, N. O. as second
class mall matter.
PROTECTING THE CONSUMER
The American Home Economics Association lias an
nounced a "Platform For Consumer Relations with Bus
iness." Its purpose is to define the consumer point of j
yiew and to help consumers work with producers, dis
tributors and related groups in an effort to improve
marketing practices.
The platform says, in part: "The goal of cooperative
Work between consumers and business should be: An
intelligent and sympathetic understanding of the prob
lems of business by consumers, and the problems of con
sumers by business; active work on the development of
useful and accurate definitions, standards and perform
ance specifications for consumer goods and services
which will make intelligent buying and selling possible;
active promotion of the use of sound factual informa
tion now available in the distribution, promotion and
sale of consumer goods."
Work of this character can obviously be of consider
able value to the consumer, and to manufacturing and
retail business as well. But, if the consumer is to be
adequately protected, another step must be taken ? and
that is organized consumer opposition to unsound, un
necessary laws whose result is to reduce merchandising
efficiency. Practically every state has laws falling in
this category now on its statute books. They range
from class taxes to laws permitting price fixing.
The whole tendency of punitive and class taxation is
to inflate the cost of living. In brief, such legislation
which encourages waste, penalizes efficiency and dis
courages competition, is one of the most serious prob
lems the consumer faces.
?uuu
LABOR'S WORST ENEMY
Labor's worst enemy today is Federal spending and
its allied evils, debt and taxation. Uncontrolled spend
ing accompanied by aimual deficits of two to four billion
dollars are a threat to the security and the existence of
every job.
Last year 163 typical Americdn~coinpanies, employ
ing 2,854,000 workers, paid total taxes of $1,643,000,000
? the equivalent of $576 per employe. This staggering
amount could not have been paid unless the companies
had tirmmed operating costs to the bone. That meant
fewer jobs and less wages.
Moreover, that part of government spending not cov
ered by present taxation must be made up in the future.
And there is no one to make it up but America's work
ing middle class. The fat has been sweated out of the
rich. If total income of all those receiving more than
$100,000 last year were confiscated by taxation, it would
pay cost of Federal government for less than 15 days,
according to American Taxpayers Association.
/The one solution to this problem lies in removing pol
itics from our tax system. It sounds impossible, but
until it is done there can be no relief from reckless po
litical spending and the growing spectre of national
bankruptcy.
American labor has a vital stake in the issue, and the
power to do something about it. Heretofore labor has
not been slow to seize opportunities for betterment. By
demanding the removal of politics from taxation, it
would benefit not only itself but the nation.
It is much more difficult to succeed in business today
than in pre-depression years and the rewards for suc
cess are far less, due largely to taxes. This explains
why "venture" capital ijs lacking, hence fewer jobs.
Opportunity for employment depends on taxation and
legislative policies which enables business to look to the
future with confidence.
, l <
? ? ?? oOo
BLOODSTREAM OF BUSINESS
In a recent address, Giles H. Miller, president of the
(Virginia Bankers Association, observed that past indus
trial achievements of this nation have been the envy of
the world ? nowhere else has business done so much to
benefit all kinds of people. And he then said: "It is
inconceivable that this system of American business
could have been built up, or could be maintained, with
out the aid, counsel, and cooperation of the banks.
Banks are absolutely indispensable, not only to big bus
iness but to small business, the laboring man, the house
wife and to millions of plain Americans. Banks are the
bloodstream of business, and any disruption in the flow
of banking funds into legitimate enterprise has a dis
astrous effect on the business of the country."
There is, unhappily, a more or less widespread public
misunderstanding of the function of banking, and of the
regulations and obligations the banker faces, which
force him, regardless of personal desires, to refuse a
?small percentage of loans. The protection of his depos
itors who own the money in his bank comes first. The
fact is that banks are eager to make loans? they adver
tise for them, and pursue them in other ways. But there
l?a certain small percentage of cases where sound bank- j
|ng practice, plus legal strictures, makes refusal un- j,
avoidable. And in those cases, the potential borrower (
is benefitted no less than the bank ? it does no man good ?
to be granted a loan he probably cannot repay.
No one denies that improvements in banking legisla- ]
tion and in banking policy may become necessary and
desirable to meet changing conditions. But -that doesn't
mean private banking should be "revolutionized" or
"socialized." There is no question of the value of the
service banking rendered this nation in the past and
renders today.
?Oo? * ?
BANKS AND NEWSPAPERS i
Newspapers and banks have at least one thing in com
mon, in the opinion of the Outchita Citizen of West
Monroe, Louisiana. Both of them get plenty of criti
cism.
"The most difficult task that we can think of at the
moment is to run a bank or a newspaper to please every
one," says the Citizen. "If the banker is conservative
he is charged with not being helpful to the community.
If he lends the depositors' money too freely he is criti
cized when the borrower can 't repay and the bank clos
es. The newspaper man who prints all the news regard
less of who makes it, is criticized and called sensational.
*If he leaves it out he is charged with being afraid to
print the news. The best plan for the banker or the
newspaperman to follow is to run his business the way
he thinks it should be run and let the critics criticize. ' '
It would be an interesting experiment if "self-start
ing" critics were given charge of the nation's banks and
newspapers for a period. It's a safe bet that they'd ra
pidly learn a sad lesson ? and an equally safe bet that
the public which depends 011 banks to safeguard its mon
ey and newspapers to give it the news of the world,
would take a terrific beating. Amateur banking and
amateur journalism would be a far cry from the real
professional articles.
Banking has given the American people and American
business unparalleled service ? it furnished the financial
lifeblood that built this nation in world record time.
The American newspaper gives the people better, more
complete and more accurate coverage of what is hap
pening a mile away or ten thousand miles away than the
press of any other country. The bankers and the edi
tors will go on doing these vital jobs while "the critics
criticize."
ooo
Generally speaking we admire slim figures, but not
when they appear on our bank balance.
0O0
A window smasher took a dozen sets of false teeth from
a display in the office of Dr. R. C. Krull in Flint., Mich.
0O0
We read that Nicauragua has a balanced budget. But
of course Nicaragua is a rather backward country.
JANUARY
SALE
SUITS
Regular Retail Price
$10.00 & $12.50
. ALL OVEROOATS
Drastically Reduced !
We are Continuing our
WHITE SALE
through Saturday, Jan. 20th.
DON'T FAIL TO GET IN ON THESE
SUPER VALUES !
? , SAVINGS IN EVERY DEPARTMENT ?
OtJJT1
"LEGGETT'S LEADS IN LOUISBURG"
? ??#???????
> bomb DEMONSTRATION ? I
> DEPARTMENT ? I
> ? ? ? '
> JJllle Mae Braxton, Home *
? Demonstration Agent * '
? ??????????
Schedule of Meetings
Jan. m - 27
Woouiu Clubs:
Monday ? Hickory Rock.
Tuesday ? Gold Sand.
Wednesday ? Cedar Rock.
Thursday ? Pearce.
Friday ? Pope.
Saturday ? Couuty Federation
Meeting.
4-H Clubs:
Monday ? Epsom.
Tuesday ? Justice, Edward Best
H. R.-W. L.
Wednesday ? Harris, Pearce.
The County Federation meet
ing which was originally schedul
ed (or Jan. 20, is postponed until
Saturday, Jan. 27, the fourth Sat
urday as has been the actilon for
many years.
Bunn Woman's club has start
ed work on furnishing a club
room. A room in the frame buil
ding has been served for the use
of t/he women. The women al
ready have seats in their room and
have purchased an oil stove. The
club bought the material for the
seats and Mr. Rochester the vo
cational agricultural teacher, and
tihe boys made the seats.
Mra. S. B. Nash, the club presi
dent, appointed a committee at
the regular club meeting Friday,
Jan. 12, to complete plans for a
rummage sale. The proceeds of
the sale are to be used in pur
chasing other equipment for the
club room.
Since culling his flock of lay
ers to 30, W. L. Stewart of Bak
ersville, Mitchell County, has been
gathering an average of two doz
en eggs dally, production reach
ing 29 eggs one day.
The U. S. Agriculture Depart
ment has stopped paying subsidies
on most wheat exports In view of
prospects for a short crop bhis
year and relatively favorable do
mestic prices.
We can easily believe that some
hospital patients are more inter
esting than ot>hers.
Nurse ? That new patient In
Ward 34 is very good looking.
Head Nurse ? Yes, but don't
wash his face. He already has had
that done by six nurses and he's
beginning to complain.
? l
M \TS THE TUBES'.
in a i??l
Twor?d.o..V^?^lers T1m:
One squaw" ana y #
other p,"T8 alons .<"*
If your radio
is acting ?p
COMPUTE I $|.50
j polhTj^WftW .
1
k * VmSect ?nd ck,n I
*tr^"^in,u,U,ironl
*? free eottmate on I
'?smT? ? rrp"rt
RAYNOR'S
Radio And
Jewelry Shop
"We Sell The Best and*
Service The Rest"
LOUISBURG, N. C.
/
Another present-day trouble ta
;hat bo many people can't afford 1
to work for what they are worth,
rhey insist on having more.
Yes, and in Your
Attic Too!
Turn Those Things
Yon Don't Want Into
Money with a Want Ad
?OR FIRST CLASS PR1NTTNO
PHONK 288-1
That Na^in<3
Backache
May Warn of Diaovdarcd
Kidney Action
Hotel Ut* with tta harry aad wwijz
tnpropw oatiaa mad
JdupowiuSW
j hMTy atrala ?a the
?I the kidney*. They an apt ta >mai
?wttud aad fan ta altar una ad<
?ad other laiporltlM Iran the Ule-CMac
To? an suffer uncling tiaehaehe.
headache, dluineea. getting ap nightn.
Us peine, swelling ? (eel eoaetaatljr
tlred. Qerroue, all wont oat. Other sign*
of kidney or bladder disorder ara HM
time* burning, gcuty or toe Iraga? t
urination.
Try Doaa'a PitU. Domn't help tha
kidneys ta psss off harmful limes body,
wsete. They ha?. hnd mora thaa half a!
? " , Are r
tury of pubUe epprorel. .
aded by greteful am *
t (oar nrifkborl
Doans Pills
LIST YOUR TAXES
Tax listing for 1940 must be done
in the month of January ? Meet your
List taker at the place and date shown
below:
DUNN TOWNSHIP ^
J. 0. WILLIAMS, TAX LISTER \
Pilot, H. E. S tailings Store, Fri & Sat., Jan. lJNfc 20th.
Pine Ridge, S. D. Pearce's Store, Tuesday, Jan. 23hL
Russell Taylors Store, Wednesday, Jan. 24th
E. P. Privette Store, Thursday, Jan. 25th.
oOo
HARRIS TOWNSHIP
H. T. ROGERS, TAX LISTER
At Youngsville, Route No. 1.
oOo
- YOUNGSVILLE TOWNSHIP
G. E. WINSTON, TAX LISTER
Mayors Office, Youngsville for Entire of January.
oOo ')
FRANKLINTON TOWNSHIP
H. G. JONES, TAX LISTER >
Holmes & Jones Store, Tues., Jan. 23rd 9 to 12 A. M.
Vanco Mills, Tuesday, Jan. 23rd 1 to 5 P. M.
Mayor's Office, Franklinton, Jan. 19, 20, 25, 26, 27.
At H. G. Jones' Store every day and night in January
not mentioned above.
oOo ?
HAYESVILLE TOWNSHIP
J. H. GOODSON, TAX LISTER
D. T. Dickie Store, Saturday, Jan. 20th.
Rocky Ford Old Church, Friday & Saturday, Jan. 26 & 27
SANDY CREEK TOWNSHIP
G. C. PARRISH, TAX LISTER
Mrs. C. B. Kearney's Store, January 19th.
J. J. Faulkner Store, January 20th.
H. T. Edwards' Store, January 23rd.
C. G. Cash's Store, January 25th.
C. E. Edens Store, January 27th.
oOo
GOLD MINE TOWNSHIP
MRS. LILLIAN PARRISH, TAX LISTER
Centerville, Raynor's Store, Saturday, Jan. 20th.
V. E. Osborne's Store, Wednesday, Jan. 24th.
Centerville, Raynor's Store, Saturday, Jan. 27th.
oOo
CEDAR ROCK TOWNSHIP
T. A. COLLIE, TAX LISTER
E. N. Smith's Store, Saturday, January 20th.
Herman Dickens' Store, Saturday, Jan. 27th.
At Home or G. D. Long's Store every day not mentioned
above.
-oOo
CYPRESS CREEK TOWNSHIP
ARTHUR STRICKLAND, TAX LISTER
G. H. Harris' Store, Saturday, January 20th. -
Seven Paths, Saturday, January 27th. ? j
oOo ?
/~l~T
LOUISBURG TOWNSHIP
B. B. MASSENBURG, TAX LISTER
At The Court House.
B. N. WILLIAMSON, JR.,
COUNTY ACCOUNTANT.