Newspapers / The Franklin Press and … / Nov. 1, 1934, edition 1 / Page 5
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THURSDAY, NOVEMBER 1. 1934 LEGAL ADVERTISING Tim FRANKLIN PRESS and THE HIGHLANDS MACON IAN LEGAL ADVERTISING .l I irr.Ai Anvricmr - MilkHa m A. M ft , aon Tn snnthr ctnro ocU kJ LfcUAL, ADVERTISING PAGE FIVE NOTICE OF SALE OF REAL ESTATE North Carolina, ...County of Macon. Under and by virtue of the power and authority contained in that cer tain deed of trust executed by Floyd S. Myers (unmarried) to The Rakigh Savings Hank and Trust "Company, trustee, which said deed of trust is dated June 1, 1926 and recorded in Book 30, Page 125, of the lacpn County Registry, default haying been made m the payment of the indebtedness thereby secured and in . the conditions therein se cured, the undersigned substituted trustee by instrument recorded in Book 32, Page 593, Macon County Registry, will on Thursday, Novem ber 22, 1934, at or about twelve o'clock noon, at the courthouse door at Franklin, North Carolina offer for sale and sell to the highest bidder for cash the following de scribed property: All that certain piece, parcel xr tract of land containing sixty (60) acres, more or less, situate, lying and being within about one-half of a mil from State Highway No. 28, about three miles almost East from the Town of Franklin, in Franklin Township, Macon County, State of North Carolina, having such shapes, metes, courses and distances as will more fully appear by reference to a plat made by W. J. Jenkins, Surveyor, on the 12th day of May 1926, and attached to the abstract of title, now on file with the At lantic Joint Stock Land Bank of Raleigh, North Carolina, the same being bounded on the North by the lands, of Bedford Horn and C. L. Garner ; on he East by the lands of Jake Palmer and Sugarfork Riv er; on the South by the lands of Sugarfork River; on the West by the lands of C. L. Garner, and be ing the identical tract of land con veyed by deed from Brabson Angel and wife, Nina Angel to Floyd S. Myers, of date November 22, 1913, said deed being duly recorded in Deed BckJk Q-3 at Page 424, Office of the Register of Deeds for Ma- County. North Carolina, to CREDIT it obligations con which reference is hereby made for a more complete description of same', -and being more particularly described as follows: Beginning at a boxwood on the Nbf th bank of Sugarfork River op posite G." N.' Penland's bottom; runs then-North 16 East 52 poles to a road, leading to J. Phillips' ford, theii "l0, East 14 poles to a stake; then North 3354 East 12 poles to a stake; then North 80 East 21 poles to a stake; then North 62 East 6 poles to a stake on East side of roajr leading to the house ; then North1' 20 East 4 poles to a stake at the road; then Northward with the road 24 poles to a white oak; then North 81 East 47 poles to a stake in road in Roger's line; then South with said line 26 poles to a white oak near the bank of the River; then down the river with its meanders to the beginning, con taining sixty (60) acres, more or less. Terms of sale cash and trustee will require deposit of 10 of the amount of the bid as evidence of good faith. This the 22nd day of October, 1934 JOSEPH L. COCKERHAM, Substituted Trustee. Robert Weinstein and W. D. Sabistirv Jr., Attorneys, Raleigh, N. C. 025-4tc N15 . NOTICE OF SUMMONS AND WARRANT OF ATTACHMENT North Carolina, Macon County. In the Superior Court Ada McCoy, vs I. H. Vanhook and S. A. Vanhook The defendant, I. H. Vanhook, above named, will take notice that a summons in the above entitled action was issued against the said : defendant on the 29th day of Sep tember, 1934, by the Clerk of the Superior Court of Macon County, North Carolina, for the sum of $2031.11 due the plaintiff as a balance on a certain promissory note executed by the defendant, I. H. Vanhook which summons is re turnable before the said Superior court. The defendant, I. H. Van book, will further take notice that a warrant of attachment was issued bv said CLERK OF THE SU PERIOR QOURT against the prop erty of the said defendant, which warrant is returnable before the undersigned, at the time and place the return of the Summons for 'Relief, when and where the sail' The whole trouble with the cred it situation today, as a banker friend of mine explains it to me, is that the people who are asking for credit are not entitled to it and those who are entitled to it are not using it. To be entitled to credit at a bank, a man must either be the owner of property which can be thrown on the market and con verted into cash quickly, to meet his loan when it comes due, or else be able to show that there is a better than even chance that by using the borrowed money in busi ness he can make enough to pay off the loan and leave himself a profit. Too many people have the idea that everybody ought to be able to walk into a bank and borrow mon ey, regardless of his prospects of repaying it. The honest banker, responsible to his depositors for the careful investment of their mon ey, can't lend it out that way. Very few people in any community know how to use money profitably; if most of us did more of us would be rich. I think one of the principal caus es of the present distress is that too much credit was extended in boom times to people who- were not entitled to it and who did not know how to use it CASH . . it's scarce The other day 1 talked with five or six of my country neighbors in the course of one Saturday morn ing. Every one of them said that cash was harder to get hold of than it had ever been in their memory. I went to New York and met a couple of business men whom I know well. Both reported that business was good one said better than for years in t volume and price but that collections were slower than ever. Even the largest corporations were taking from two weeks to two month longer to pay their bills than they had ever done before As I write this I have just come from lunching with, another busi ness man. He gave it as his opin ion that people are feeling the de pression worse this year than at any previous time. More folk are going "on relief" because they have come to the end of their reserves. Thy cannot buy anything because they have no money left with which I to buy. I have a distinct feeling that no body, in or out of Government, has yet put the finger upon the weak spot in our econmic system which makes it possible for such condi tions to continue. PRICES in the city City folks are paying more for what they eat and wear than for several years. Prices are going up. But how far that benefits the farmer I am somewhat doubtful. The general effect, as far as I can observe it, is that most city people are cutting down on their food, either eating less or buying cheaper grades and kinds of food than they have been accustomed to. So far as clothing is concerned, there is a great turnover in the very cheapest lines of men's and women's clothing, but many mer chants who handled only high-grade garments are closing their stores. More men that I meet are wear ing old clothes than ever before. More women are doing their own dressmaking and making over last year's clothes to this year's styles. It is a fact that city people's in comes, from salaries, wages or in vestments, are not going up but, in many cases, are still going down. INVESTMENTS . . . diamonds 1 talked the other day with the diamond expert of America's most famous jewelry house. He told me that the prices of good quality, well-cut diamonds are nearly double what they were three or four years defendant is required to appear and answer or demur to the complaint, or the relief demanded will be granted. This the 16th day of October, 1934 FRANK I. MURRAY, ' Clerk of the Superior Court of Macon County. 018 4tc Mc N8 ago. In another store r asked the head of the diamond jewelry de partment how business was. He replied that they were selling more diamonds, and at better prices, than for years. People with some capital reserves, he explained, are putting their mon ey into diamonds as the safest way of conserving their capital, possibly increasing it and converting it back into cash over night. Europeans, taking advantage of the depreciat ed dollar, are sending to America to buy diamonds. These diamond purchases repre sent largely, capital that ordinarily would go into industrial or com mercial investments. Its owners are afraid of such investments now, but they want their money where they can get it out quickly if the up turn comes, and the diamond mar ket has always been an instan taneous market, in which minimum prices are rigidly maintained by the South African Diamond Trust. FRANKLIN SHOE SHOP SAYS: WE ARE STILL MENDING SHOES . When your soles rip And your heels rock Before you slip. We'll save your sock. Troy Horn. FRANKLIN SHOE SHOP Onooiite Courthouse "We Buy and Sell" Box 212 Troy F. Horn NOTICE OF SALE North Carolina, Macon County. Under and by virtue of the pow er of sale contained in a deed of trust executed by W. B. Parker on January 29, 1932, said deed of trust being recorded in the Office of Registar of Deeds for Macon County, North Carolina, in Book of Deeds of Trust No. 32, at page 351, I will, on Wednesday, November 28, 1934, at 12:00 o'clock noon at the County Courthouse door in Franklin, North Carolina, sell to the highest bidder for cash the LEGAL ADVERTISING following described lands : Situated in Smithbridge Town ship, Macon County, North Caro lina, described as follows: Being a deed by L. C. Holbrooks and wife, S. A. Holbrooks, to W. B. Parker and wife, Partheny Parker, said deed dated 2nd day of November, 1917, and recorded in the Register of Deeds' Office for Macon Coun ty in Book B-4 of Deeds on page 153. For more definite description reference is hereby had. This the 27th day of October. 1934. J. E. CABE, Trustee. Nl-4tp-N22 "AA" QUALITY FERTILIZERS Agrico-Mohawk and Camel Brands Superphosphate FOR SALE BY G. C STAMEY We Take Produce in Trade and Allow You Best Market Prices FRANKLIN, N. C SEVEN AUTOMOBILES To Be Given Away BEFORE CHRISTMAS By Ashevitte Merchants During Great 1 Jl 7 1 i,A Any Asheville Merchant Will Give You Full Information Cars To Be Given Away Include: STUDEBAKER 2 DOOR SEDAN PLYMOUTH 2 DOOR SEDAN PONTIAC )R SEDAN 2-1 JOG Two FORDS R SEDANS 2-1 JOG Two CHEVROLETS 2-DOOR SEDANS Any Bona Fide Resident of Western Carolina May Enter This Contest. For Full Information, See Any Asheville Merchant. . .or Write, Wire or Phone ASHEVILLE MERCHANTS ASSOCI ATI ON Phone 6274 Asheville, N. C
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Nov. 1, 1934, edition 1
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