PAGE SIX
THE FRANKLIN PRESS AND THE HIGHLANDS MACONJAN
THURSDAY. FEZ), 4, H3T
Women in Government
Babson Outlines Program
For Financial Independence
Highlands Highlights
EDITED BY MRS. T. C. HARBISON
mm
if? t i . . .. .
POTTS-CHAPMAN WEDDING
IS BEAUTIFUL AFFAIR
HIGHLANDS, N. C, Feb. 3.
Tlie niarriage of Miss Eula May
Potts, daughter. of Mr. and Mrs.
Frank H. Potts of Highlands,; . to
Mr. Jay Franklin Chapman, of
Atlanta, took place Sunday, Janu
1 ary 31, at 5 o'clock at the High
lands Presbyterian church, with the
Rev. W. F. Beadle officiating.
The church was beautifully deco
rated with sprays of leucothia,
hemlock and -white cathedral tapers,
which were lighted - before the
ceremony by Miss Estclle Edwards
of Highlands. '.
Miss Kate Stillwell, daughter of
Prof. E. H. Stillwell,- of Cullowhee,
N. C, played the wedding music.
The preliminary program included
"Sweet Mystery of Life" played
softly while the tapers were being
lighted; "I Love You Truly," sung
bv Miss Caroline Weaver, of Ashe
ville, N. C, and "Oh Promise Me,"
. sung 'by the Rev. Robert du Prec,
of Decatur. Ga. The wedding
march from "Lohengrin" was play
ed as the processional and Mend
elssohn's wedding march was re
cessional. The bride was given in marriage
by her brother, Mr. Jack Potts.
She was dressed' in soft crepe of
Roosevelt blue, with navy acces
sories, and wore a shoulder cor
sage of gardenias.
Miss Hannah Lou Brown, of
Cullowhee, N. C, Was, maid of
hpnOr and the bride's only, atten
dant. - She wore navy crepe and
corsage of pink caillias. Mr. John
Zachery, of Atlanta, acted as best
man, Ushers were Mr. Steven
-.:Fotts,' Mr. R. L. Potts, Mr. Henry
CJeavcland, and Mr.' Guy Fatil, Jr.
P. Fol)6wing the wedding the bride's
"rfiinn. l,lv:n,M:;i:iitfiiliijaL::':'.;.:lsz
HORN'S SHOE SHOP SAYS
WE ARE STILL MENDING
SHOES
. When you 'don't have a wife.
Or husband to cheer,
We'll save your life
And your sole so dear.
HORN'S SHOE SHOP
Box 212 . Troy F. Horn
Opposite Courthouse
- xassagi "-, wy nv" y.'iu.'
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THKOAT
with a Cold
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At the first sign of sore throat due to
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with this twice. It will act almost in
stantly to relieve the rawness and
soreness of your throat. At the same
time,' take two Bayer Aspirin tablets
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approved by thousands of doctors.
Ask for Bayer Aspirin by its full name
noti)y the name "aspirin" alone.
FOR A DOZEN
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. Virtually lc a Tablet
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Awl FOR A DOZEHSiC
mother gave a buffet supper -'at
her home for the ' bridal party, a
few relatives and friends, and the
out-of-town guests. Miss Maurine
Davis, of Shelby., N. C, assisted
the hostess by presiding at the
coffee table.
Airs. Chapman was a junior this
year at Western Carolina Teachers
college. She was a prominent fig
ure in student activities and was
a member of Alpha Phi Sigma.
Air. Chapman is the son of Mr.
and Airs. J. W. Chapman, of Dora
ville, Ga., and is connected with
the postal railway service in At
lanta. Air. and Airs. Chapman left
Highlands Sunday evening and will
be at home in Atlanta this week.
HIGHLANDS EXPERIENCES
WARMEST JANUARY
The weather in Highlands con
tinued to be mild in temperature
until February 1, making January
of this year the warmest January
ever recorded in Highlands. (This
was following the mildest Decemb
er ever recorded here.) There were
during the past month 25 rainy
days, and one entirely clear day,
the remaining five days having
alternate rain, fog, or sun. The
total rainfall for January as re
corded at the weather station by
Aliss Gerirude Harbison was 14.25
inches ; the coldest temperature re
corded was 21 degrees, the warm
est being 69 degrees.
Plants continue to grow, and
flowers to blossom unseasonably.
In addition to blossoming flowers
listed in last week's paper and
others which have been opening
during the past few days. Airs.
Alary Henry, whose . skill as a
flower grower is widely known in
this vicinity, has sent in three
specimens worthy of mention,
namely : peach 'blossoms, lovely
golden crocuses, and a spray of
budded spirea. Others brought to
attention recently are jonquills in
full bloom, flowering almond heavi
ly budded, and budded pear trees.
There was ice an the night of
February. 1, . however, and Tuesday
was clear and bright, rather Cool
but with enough sunshine for the
ground hog to see his shadow and
retire in haste to his domicile,
thus presaging more inclement
weather. .
Out-of-town guests attending the
marriage of Aliss Eula May Potts
to Mr. Jay Franklin Chapman on
Sunday evening at the Presbyterian
church here included: Air. and Mrs.
David Brown, Aliss Hannah Lou J
Brown and Aliss Kate Stillwell, of
Cullowhee, N. C; Aliss Alaurine
Davis, of Shelby, N. C. ; Miss June
Burleson, and Aliss Carolina Weav
er, of Asheville, N. C; the Rev.
Robert du Pree, of Decatur, Ga. ;
and Air. John Zachery, of Atlanta.
Air. and Mrs. Tudor N. Hall .and
family, and Airs. E. R. Gilbert re
turned to Highlands Sunday after
a trip to Miami and other towns
in Florida.
Aliss Adelle Mills, of Louisiana,
is visiting her sister, Mrs. W. F.
Beadle.
Air. and Airs. C. J. Anderson and
children left Friday for Hollywood,
Fla., where tffey planned to spend
several weeks.
Air. and Mrs. Frank B. Cook
are visiting Airs. Cook's sister in
Raleigh, N. C.
Frank Potts, W. H. Cobb, W. A.
Bryson, F. A. Edwards, the Rev.
Frank Bloxham and' J. E. Potts
made a business trip to Asheville
Monday.
Mr. and Airs. Sidney McCarty,
of Greensboro, N.-'C, have an
nounced the birth of a daughter,
Alary Louise. Airs. McCarty was
formerly Aliss Bessie Neely, of
Highlands.
. Mr. and Airs. Elbert Gibson have
moved to the Quarrers house on
Chestnut street.
Mrs. W. W. Edwards is in Angel
hospital, Franklin, for treatment.
Airs. Marshall West has been; ill
for several days at her home in
Cashiers.
Lake Emory
By LUTHER ANDERSON
JANUARY RAINFALL LESS
THAN A YEAR AGO
Rainfall for January was 8.91
inches. Not a day was entered as
"clear." Twenty-two ;days were en
tered as "cloudy," and nine days
"partly cloudy." A day is entered
as "clear" when on an average, for
il:I:il;iflll
P.A.S.
WASHINGTON ... Among the
women in Washington official life
is a Treasury Department official,
Mrs. Marion Blair Banister, who
Is Assistant Treasurer ( of . tb
United States.
the' whole day, sunrise to sunset,
the sky has not been more than
three-tenths covered by clouds. .
v It may interest and surprise resi
dents of the Franklin area to be
told that the, rainfall for January,
1937, was nearly two inches less
than that of January, 1936. Janu
ary, 1936 totaled up 10.85 inches.
Some early varieties of peaches
have bloomed in the sheltered Wa
tauga valley. The common lespe
deza which makes up a good part
of the permanent pastures, is up to
a good stand. Buds on the later
peaches are so far advanced that
a' severe freeze will most likely
play havoc with the peach crop.
Some farmers, think meat in pro
cess of curing is in danger of be
ing injured or spoiled: But when
we think of what is happening else
where we are justified in singing
the song entitled "Grand Old
Alacon."
Thomas Sanders (Tom Red) has
been, ill for- several months. Mr.
Sanders is a World War veteran,
and was .at the hospital at Oteen
for a short time. He was advised
that he could be treated success
fully at home, but improvement
would necessarily be slow.
Mrs. Ada Steuman and daughter,
Pauline, of Asheville, former resi
dents here, have been visiting Mrs.
Stuman's brother, Thomas Sanders.
Mrs. J. N. Downs, who hasbeen
ill, is slowly improving.
George Sanders and Nolan Buc-
hanan, two of our popular young
men, have become CCC enrollees.
Messrs J. K. and Wallace fiowns;
of Canton, were here on business
Friday. , .
Miss Sadie Franks,' who suffered
a nervous break-down recently, is
recovering rapidly.
Mr. and Mrs. C. C. Saunders and
son, George, of Canton, spent the
week-end with relatives here.
A. ' W. Reid has been quite ill
for several weeks, but is slightly
improved.
Mrs. Victor Shidle has returned
from a visit to her husband, who
works at Marion, N. C.
Mrs. L. B. Liner, of Iotla, spent
the week-end with her parents, Mr.
and Mrs. J. N. Downs.
Lake Emory people are glad to
welcome to their community Ebion
Bullock, who has been engaged in
electrical work at Franklin for sev
eral years.
RABBIT CREEK
" Mrs. E. V. Amnions, Mrs. John
Ferguson and Mrs. B. W. Justice
attended a meeting of poultry rais
ers at Hendersonville last week.
George R. Pattillo made ' a trip
to Macon, Ga., last week. On his
return he was accompanied by Mrs.
Patillo, who, had been visiting her
parents at Macon.
Miss Margaret Corbin spent the
week-end with her family here.
Miss Evelyn Kinsland spent the
week-end with her parents and
with her sick grandmother who is
improving slowly.
Newell Pendergrass and George
Crawford were at their homes here
Sunday. ,
J. H. Dean' has returned after
spending several days at his for
mer home at Burningtown.
Ml
Warns That Speculative
Stocks Are Not
First Step
By ROGER W. BABSON
(Copyright, 1937 Publishers
Financial Bureau)
BABSON PARK, MASS. "What
are the proper steps 1 should take
in building up financial reserves?"
This question seems particularly
pertinent in view of the great
changes in business and finance
during recent years. Many people
especially the younger generation
believe that the old-financial guide
posts are of no value in the new
scheme ' of things. That is why 1
am worried by the current fLurry
among the "cats and dogs." In the
list of the daily ten most active
issues during the last month, at
least seven have been "cheap"
stocks . selling below twenty dollars
per share. 1
Old Principles Sound
Judging jfrom requests for infor
mation on "a good low-priced
stock for a turn" which are begin
ning to break my postman's back,
much of this trading is being at
tempted by small, green investors
the type who can least afford to
speculate. These people are putting
the cart before the horse in their
attempt to "create" a financial
backlog. They do not have the
slightest conception of sound in
vestment fundamentals. New deals
in 'business, finance, and politics
have not thrown the successful
time-tested principles and practices
of achieving financial independence
into the discard. Hence, particular
ly for the benefit of new and
young investors, I want to outline
a simple plan for estate-budding.
Step Number One is the budget
ing of expenditures.' Methodical
management of income is the
soundest way v for the individual to
lift his own living standard above
the national average. Financial re
serves usually start only through
savings from earnings. The ancient
"Poor Richard" axiom of "A dollar
saved is a dollar earned" is just
as true today as it was 150 years
ago when Ben Fjanklin wrote it.
Expenses must be budgeted in re
lation to income, This is the quick
est way to store up "a surplus,
which can be turned to investment
purposes. Unless saving is treated
as a definite charge against month
ly income, effective saving cannot
be accomplished.
Bank Account Essential
Step Number Two is to put the
weekly or monthly savings from
salary to work. The bank account
is the primary method of appren
ticing the first hard-won dollars.
In selecting his bank, the young
depositor should make his own in
vestigation arid his own decision.
Investment habits like living hab
its are generally formed in youth.
"Investigate before you invest" is
a mighty good habit to learn early.
The four big factors to examine in
choosing the bank are: The bank's
published . statement of condition.
Character of -assets Management.
Confidence of community.
Step Number Three should be a
reasonable amount of simple life
insurance. The basic function of
life insurance is protection against
premature death. Hence, life in
surance affords some element of
speculation, scientific speculation
based upon mortality statistics. If
the insured dies before his statis
tical" expiration, his estate receives
a higher return than it could get
in most other ways with equal
security. There is danger, however,
in over-concentrating on insurance
just as there is on any other part
of the program. Avoid taking too
much. Also remember that the
cheapest insurance is a straight
life-insurance policy unadorned by
any frills 1 '
EtaubOe-Barrelled Investment
As his income increases, the
young man then makes the most
pleasant investment, of his life
his first home. This is Step Num
ber Four. Real estate, . like other
investments, has its smiles and its
tears. Jt is the most stable form
of investment and at the same
time one of the least liquid. 'It
may take only a. minute to buy
but it may take 'years to sell. The
home has many intangible assets
such as comfort and peace of mind
which often outweigh the eco
nomic arguments. It usually
about as cheap to rent as to own.
The important point in ownership
as an investment, however, is the
increasing value of the property.
The 'key to that is the location of
the lot and a good sensible de
sign which adds to the saleability
of the house.
Step Number Five is the consid
eration of bonds and conservative
stocks. When wisely chosen, they
are the premier form of security
investment. Remember, however,
that there are all kinds of bonds
and stocks ranging from good to
bad. In analyzing a bond issye,
like any other piece of merchan
dise, the young investor must fol
low elementary fundamentals of
confining himself to types of busi
ness he understands so that he may
uv. ouii. iu iuukv II uc values. J. ucu
he should be able to see through
a corporation report. Finally, he
should consider the nature and
management of the business, secur
ity behind issue, yield and market
ability, special points such as call
price, and. possibility of inflation.
Just as in the case of selecting
your bank, seek the opinion of
others, but check your facts. before
buying.
Speculative Stocks
After the young investor has
taken these five steps and after
his salary reaches a certain, level,
then and not until then is he
ready to place money in speculative
stocks. Because stocks are certi
ficates of ownership in a business,
the man who buys them must real
ize that he is assuming all the
chances of gain or grief inherent
in any business. He . is competing
with specialists in the art. Billions
are made in paper profits and
other billions are actually lost. At
certain periods stocks become very
popular. There is a scramble to
buy and prices are bid up to fic
titious levels. At other times, there
is an equally silly stampede to un
load. Therefore, prorjer timing is
perhaps the most important of all
stock investment "musts."
This, then, is a brief outline of
the six major steps in buMding
your financial future. There is one
final and focal point, however
the plan ! For" 30 years I have
preached that the Law of Action
and Reaction applies in economics
just as it does in physics and
other sciences. Interest rates, real
estate values, bond yields, and
stock prices move in cycles. x For
my years of study of this question,
I find that the vasf majority of
people buy when they should sell,
and sell when they should buy!
The reason for this is the lack of
a coordinated plan and the char
acter and will-power to hew to
the chalkmark. Hence, my advice is
to lay out today a definate pro
gram and stick to it. It is a much
shorter , cut to financial indepen
dence than spasmodic and ill-timed
"flyers" in "low-prices" issues!
Judge "Do you challenge anv
of the jury?"
Defendant "Well. I think I ran
lick that little guy on the end."
Operator "Number, please?" '
Souse "Number, nothing. I just
put a nickel in here. Where's my
chewing gum?" .. .
MDSSSNG!
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Made since 1880 by the Inven
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