Newspapers / The Franklin Press and … / May 6, 1937, edition 1 / Page 6
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PAGE SIX THE FRANKLIN PRESS AND THE HIGHLANDS MACON IAN THURSDAY, MAY 6, 1SS7 Historic Boulder Is BeingChi One of North Carolina's historic aboriginal treasures an jmmense Indian treaty boulder near Collo whee faces gradual extinction ' un less "proper authorities take steps to preserve it." The warning Was voiced by Dr. G. N. Leiby, consultant on making pped Away motion pictures of historic land marks. The Jullicullah (Cherokee for Goliath or huge) boulder,, whose queer hieroglyphics testify that in some unrecorded age gone by the Cherokee and Catawba Indians signed a treaty to stop warfare, is being chipped away by souvenir ANNOUNCING THE OPENING OF Esther's Beauty Shop Together with a wide experience and the latest and -most modern equipment, we are pre pared to render the best of service! You are in vited to visit our new Beauty Shop. Over the Macon Theatre ESTHER CLOUSE, Prop. Phone 152 Franklin, N. C. Don't Forget That Next Sunday Will Be Mother's Day HERE'S always a real joy in buying a gift' for mother . . . and Mother's Day is the grandest day of all for this occasion. You will find Candies, Cards, Pictures, Novelties in fact many appropriate sug gestions in our store, and it is a pleasure for us to assist you in any way we may in making your selection. New 5 & 10 Store FRANKLIN, N.C S s N a i i r . 7 777723 $5.00 WILL PUT A WESTINGHOUSE IN YOUR HOUSE Bryant Furniture Co. FRANKLIN, N. C hunters, according to. Dr. Leiby, who recently took pictures of the rock. The boulder rests in . a broad meadow six' miles from Cullowhee and about 25 miles from the Chero kee Indian reservation. Not only is it being chipped away, but "children and others are carv ing their initials on it, thus defac ing it, while wind and rain are wearing it down," Dr. Leiby point ed out. He said priceless hieroglyphics, which a missionary from China two years ago pronounced bore a remarkable resemblance . to the modern Chinese language, should be preserved at any cost, and sug gested the "proper authorities" take charge of the landmark. The rectangular rock, 9 x. 12 feet, has a deeply-carved line running through one side. , Dr. Leiby said. This line, according to Indian le gend as related by Chief Blythe of the Chcrokees marks the .boundary line between Cherokee and Cataw ba hunting ground, as agreed to by treaty. Dr. Leiby said the rock contain ed the imprint of a foot at least 20 inches long. He was unable to distinguish the type person or ani msT to which ( it once belonged or ascertain its purpose on the rock. An inverted pine tree, whose sig nificance is unknown, is also carved upon one side of the rock, Dr. Leiby said. Underground Banking Is Established In New York New York has an underground banking system that makes some transactions of Wall Street look like child's play. It operates without much cash.. It has no tellers, no vaults, nor even any banks, but . it does a thriving business with a select cli entele at a profit. The men who run it are myste rious folk known to customers as duebill brokers. The system begins with John Doe. Maybe John owns a night club. Business is declining. The place might be popular if it were reno vated, but John has only $3,000 and the improvements would cost $10,000. John would borrow from a bank if he could, but he is already too much in debt. So he goes to the duebill banker. John won't tell his best friends who the banker is, or where His money comes from. The important thing is that the banker has the cash when John needs it. The banker gives John the $10, 000, and in return John gives the banker $20,000 in duebills, which are merely a form of I.O.U. pay able in merchandise at the. night club. When this transaction is com plete, the banker parcels out the duebills among a number of brok ers, selling- them at 60 per cent of their face value.' Thus the banker collects 20 per cent profit on his investment. The broker then peddles the due bills to people who want to go to the night club. His price is 66 2-3 per cent of the face value, and his profit is nearly 12 per cent. By the time the night club goer gets the duebill, it is in the form of a check, made out, perhaps, in the sum of $20. It can purchase only food, or pay cover charges; it is not good for liquor. But what it does buy the customer gets at one third less than the listed price. Suppose the customer spends $10. Before he leaves, the club that amount, the date, and the custom er's name are marked on x the back of the check, along with the bal ance ' of the duebill's value. , Next day the customer takes the due bill back to the broker; pays $6.75 for his $10 'worth of entertainment, and the broker peddles the re mainder of the duebill to somebody else. ' System W-ookt Well It's a marvelous system. The night club customer saved money, the broker made money, the Jbank er made money. At first glance it appears that the night club owner foots a heavy bill, but he gets the money he needs to improve his business, and he repays the loan not in cash but in food he sells at a profit. By the time it's all fig ured up, he figures he has had an even break. Many New York night clubs have resorted to the .duebill Rank ing system at one time or another. So have some hotels and other es tablishments. Not all .duebills are handled by brokers. Some are handled directly by decorators or builders who make improvements on the "payment-in-kind" basis. In these cases, the decorators or builders act 'as their own brokers and use the same system. . The house rat is public enemy No. 1 of the animal world, as a menace to man's health and as a destroyer of property. A Japanese 1 physician says that flying in high altitudes may. affect the teeth, causing aviators to suf Many Noted Visitors To Appalachian Forests Arrival last week in Asbeville of Dr. Siegrried von Cirlacy-Wantrup, of the University of Bonn, Ger many, marked the third distinguish ed foreign scientist or economist to visit officials and observe the re search work of the Appalachian forest experiment station this year. Especial interest attached to Dr. von Cirlacy-Wantrup's trip here because his country is generally recognized as the cradle of for estry practice. He came to this country under a Rockefeller Foun dation fellowship and was shown over experimental units of the sta tion by Director C. L. Forsling. In March, Amihud Grasovsky," at tached to the Jerusalem headquart ers of the British Colonial office, was here to inspect the methods used at the Coweta experiment sta tion near Franklin. Earlier in the year came Paul Topham, from far away Zomba, Nyasaland, a British protectorate, to study the soil conservation pr6 gram in this country. Traveling under a Carnegie Foundation grant, Mr. Topham came " here to study the technical and social aspects of forestry and soil conservation as practiced in this highland. Former. Governor Gifford Pin chot, first chief of the United States forest service, was in Ashe ville and visited sections of West ern North Carolina in which he first launched a nation wide for estry program with H. E. Ochsner, supervisor of Pisgah national forest. According to United States law, butter must contain "not less than 80 per cent by weight of milk fat." There are about 379 radio bea cons in the world, aiding naviga tors, and one-third of these are in United States waters. It' costs 10 cents a day to feed a cow on pasture and 38 cents a day to feed her in barp, farmers in New York state have, learned. SLACKS $1.25 to $2.85 PINE cotton slacks . . . made from tight: ly - woven, sanforized fabrics, and tailored to fit. Stripes, checks, .plaids, p 1 a i n colors. First choice for all sports and vacation wear. Sanders' Store Franklin, N. C. GIFTS FOR MOTHER fit di , v f Dresses Silks, Chiffon, and Voiles. Purses White, Grey, Black, Navy. Hosiery Archer, and Humming Bird. Underwear Gowns, Slips in crepes and satins. House Coats Silks and Cottons. Gloves Kid, Doeskin and Silks. Handkerchiefs In Printed and Sheer White Linen. E. IC. Cunningham & Co. THE. SHOP OF QUALITY FRANKLIN, N. C. fer from dental decay,
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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May 6, 1937, edition 1
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