THE FRANKLIN PRESS AND 1HE HIGHLANDS MACONIAN
THURSDAY, MARCH M, Ittl
By-Law Amendment Assures
Fariyiers' Control Of Go-Op
PAGE SIX
ASHEVILLE, March 29. Contin
ued control of the Farmers Federa
tion by farmer .stockholders was
assured by an amendment to the
by-laws of the cooperative adopted
at the annual meeting of stockhold
ers Saturday morning in As'heville.
The amendment, proposed by H.
A. Coggins, of Swannanoa, provides
for the substitution., of preferred
.shares for common stock held by
any person who now is or who may
later become a non-producer of
agricultural products."
"This amendment," its sponsor ex-(
plained, "guarantees control of the
federation by farmers, for under
our plan of organization only those
who own common stock have the
right to vote."
Federation officials explained that
this amendment was suggested as
a wise measure by experts on co
operative organization.
One other amendment to the by
laws, Also submitted by. Mr. Cog
gias, was. adopted. It specifies the
fourth Saturday in March as the
date for. the annual meeting of
stockholders a time customarily
followed in the past but not defi
nitely stated jn the by-laws.
A statement read by " Guy M.
Sales, general manager, reflected
improved financial status, and re
' ports submitted by James G. 'K.
McQure, president, and other fed
eration executives revealed contin
ued progress by the organization in
the face of last year's general re
cession in business.
The .stockholders elected 14 di
rectors and three directors at large
to fill vacancies on the co-op's
board of 31 members. Later in the
day the directors met and re-elected
James G. K. McClure president';
R. ' C. Crowell, of Candler, vice
president, and O. J. Holler, of
Union Mills, secretary and treasur
er. They also elected an executive
committee composed of Mr. Mc
Clure, Mr. Crowell, Mr. Coggins,
L. L. Burgin, of Horse Shoe; C. C.
Cook, Asheville Route 4, F, E.
Lykes, Arden, and H. Arthur Os
burne,' Canton.
Directors named by the stock
holders (most of -them re-elected)
were:
Regular directors James G. VK.
. McClure, Buncombe county; H. A.
Osborne, Haywood county; L. L.
Burgin, Henderson county; Thomas
A. Cox, Jackson county; Jerry
Franklin, Macon county ; Ben Gibbs
and C. G. Hicks, Burke county; J.
T. Waldrop,' Polk county; O. J.
Holler, Rutherford county; Wins
low Burgin, McDowell county; J.
H. Hampton, Cherokee county;
Lloyd Cantrell, Transylvania coun
ty; the Rev. Hugh Dobbins and
Daniel Tuttle, Caldwell cdiinty.
Directors-at-larger-R. C. Crowell,
Buncombe county ; Ed . B? Byrd,
Macon county; F. E. Lykes, Bun
combe county. .
Ten regular directors -and four
directors-atlarge who were elected
at last year's meeting of stockhold
ers carry over until the 1940 meeting.
Submitting a financial statement
as of December 31, 1938, Mr. Sales
reported total assets of the business
as $473,533 as compared with $410,
500 at the end of the previous
year. Net worth showed a gain
from $180,773 to $193,54,5, and the
surplus 'account showed a balance
at the end of 1938 of $100,309 as
compared with $94,677 for the pre
vious year and $50,288 in 1935.
. Sales declined to $966,691 in 1938
from $1,143,559 in 1937; but this
was accounted for by declining
prices rather than a decrease of the
volume of merchandise ;and farm
produce handled. Actual tonnage,
Mr. Sales added, was as great or
even greater than in the year pre
vious. A net profit of $11,588, or 1,2
per cent of the volume of "business,
was reported for last year, this en
abling the federation to pay cash
dividends on both common and pre
ferred stock at the rate of six per
cent and also a patronage dividend,
payable in credit toward stock
.shares, at the rate of three per
cent. '
Mr. McClure reported increasing
returns of patronage coupons as
significant increasing interest in the
federation. More than $90,000 in pa
tronage coupons were turned in on
1938 business, he .said, and this was
the largest return since patronage
dividends were started three years
ago. Through the patronage distri
bution, he said, many persons had
earned . one or more fully paid
shares of stock. One man, J. R.
Neville, of Hendersonville, earned
$50.73 in stock and several others
received as many as three shares
of $10 par value.
Membership of the organization
was reported as 3,863, a gain of 421
since the last annual meeting;
HELP STOMACH
DIGEST FOOD
Without Untrre ud YwH El
Everything from Soap U Nats
Ths itomseb should dttwt too pounds f toot
dally. When yoa set hmtt. cnuy.
rich food or wtwa yoa ex nemos, barrUd
chew poorly your stomach often poors oat t
much fluid. Tour food dostn't dice and yom
have (u, heartburn, nauaes, pain or soar
stomach. Too feel sour, skk and apse an
Doctors say never take a lazatlr for itmatk
Sain. It Is danteroos and foolish. It takes Umss
ttle black tablets called Bell-an for IndigMtloa
to maks the noses stomach fluids hannleaa. rails)
dlstreM In no time and put yoa back an yow
feet. Belief Is so Quick tt Is antaxlnf and on )
packags profss it Asm for iMu-aaa isv J
Simple - Durable
Dependable
This McCormick-Deering
CORN PLANTER
WILL SAVE YOU MONEY
This corn planter has been the leader in this
section for years. . x. . It is still the farmers'
favorite. You can handle the planter anywhere,
and when it comes to twisting rows in terraced
land, or on, hillsides, it's the sweetest handling
planter you ever saw. x ,
This store carries the most complete line of
farm tools and implements in Macon County. If
you .want a hoe or a mowing machine, see us.
Also a complete line of quality garden and
grass seeds
Macon County Supply Go.
FRANKLIN. N. C.
Dve lira yoofltr Poll
Tax listers will be at the following places in the
various townships on the dates given to list property
for 1939 T.axes.
Franklin Township
Smithbridge Township
J. J. MANN and a . T. M. CABE, Township List Taker
fcLJZAlifclH MEADOWS, Township ListTakers. Mulberry Schoolhouse, April 6
Ulive Hill Schoolhouse, April 6
Ray's Store, April 7 " .
Clark's Chapel Schoolhouse, April 8
Union Schoolhouse, April 10
Roan's Store, April 11
Courthouse, April 12, 13, 14, and all other
' dates during April
Lower Tesenta Schoolhouse, April 7
Hickory Knoll Schoolhouse, April 8
Otto, Aprif 10, 11, 12
Brown's Store,, April 13 ,
All other dates during April, at my home
Millshoal Township
PAUL AM MONS, Township List Taker
Watauga Schoolhouse, April 6"
Oak Ridge Schoolhouse, April 7
Holly Springs Schoolhouse, April 10
Mountain Grove Schoolhouse, April il
All other dates during April, at my home
Ellijay Township
SAM A. BRYSON, Township List Taker !
Joe Henry's Store, April 6
L. L. Holland's Store, April 15
Charlie Crawford's Store, April 8
Mashburn Branch Schoolhouse, April 10
L. D. Norris' Store, April 11
Cullasaja Postoffice, April 12
All other dates during April, at my home
Sugarfork Township
EZRA SHOOK, Towaship List Taker
Buck Creek Schoolhouse, April 6 V
Pine Grove Schoolhouse, April 7 '
.. O. C. Corbin s Store, April 8
Gold Mine Schoolhouse, April 10
Walnut . Creek Schoolhouse, April 11
All other dates during April, at my home
Highlands Township
PORTER PIERSON, Township List Taker
Highlands v
All dates during month of April at .
W. P. Pierson's office
Flats Township
EARL DRYMAN, Township List Taker
Scaly Schoolhouse, April, 6; 7, 8, 10
All other dates during April, at my home
Cartoogechaye Township
BOB SOUTHARDS and
EARL HARRISON, Township List Takers
Kiser's Store, April 6 ,
Slagle Schoolhouse, April 7
Rainbow Springs, April 17
Joe Hopkin's Store, April 10, 11
Tom Dills' Store, April 12
Joe Hasting's Mill, April 13
Southards' Store, April 14
All other dates during April, at our homes
Nantahala Township
CLINT MAY, Township List Taker
Ray's, at Beechertown, April 6
Fairview Schoolhouse, April 7, 8
Clint May's, April 10, 11, 12
O. C. Hall, Kyle, April 13, 14
Luther Jacobs', Aquone, April 15
All other dates during April at my home
Burningtown Township
JUD WILD and
BILL PARRISH, Towaship List Takers
Tellico Church, April 6 v
Morgan Schoolhouse, April 7
Burningtown Schoolhouse, April 8, 10
Oak Dale Schoolhouse, April 11, 12
All other dates during April, at our homes
Co wee Township
S. C. LEATHERMAN and .
R. C. RICKM AN, Township List Takers
Rose Creek Schoolhouse, April 6 '
lotla Bridge, (Chas. Bradley's office) April 7-'
Harmony ' Schoolhouse; April 8
Leatherman (E. O. Rickman s Store)' April 10
Oak Grove (Etna P. O.), April 11
, Cowee, (T. M. Rickman's Store), April 12
All other dates during April, at our homes.
AH property owners are required to return to the List Taker all the
real estate, personal property, etc., owned by each on the first day of April.
All male persons between the ages of 21 and 50 years are required by
law to list their polls during April.
AH persons who own property and fail to list it and all who are liable
for a poll tax and fail to give themselves in will be deemed glilty of a
misdemeanor, subject to a fine or imprisonment upon conviction.
FARM CENSUS NOTE
Each farm owner shall prepare a list of the acreages of each
crop grown, including tenths of acres of truck. The list should1
show the total acres cultivated by the owner, also the Acres culti
vated by all tenants on each separately recognized farm the acre!
in improved pasture, woodland, idle and other lands He shall be
prepared to report the numbers of bearing fruit trees, the numbers
of livestock of breeding age, number .of hogs, sold or slaughtered
during past 12 months and tons of fertilizers to be used during
'this crop year. This information is kept confidential and has no
relation to taxes. Its purpose is for agricultural education, eco
nomic analysis and safer guidance of county agents and farmers
generally. . ; .'. . . ,',
LESTER L.
ARNOLD
Sup
ervioor