Newspapers / The Franklin Press and … / Aug. 31, 1939, edition 1 / Page 2
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PACE TWO FH A Announces Lending Plans For Low Cost Homes The federal housing administra tion lias announced a plan for fi nancing construction of .small homes which will require the purchaser to make only a five per cent "down payment" on a house costing no more than $2,500. . Stewart McDonald, federal hous ing administrator, said regulations making the program effective Sep tember 1 already had been mailed to banks and other lending institu tions. The FHA does not lend mo ney itself, but insures construction loans made by private institutions. The new plan will be limited to LEGAL ADVERTISING NOTICE OF SALE State of North Carolina, County of Macon. Macon County, Plaintiff. vs. ' ' . George B. Patton, et al, Defendants. Under and by virtue of a decree of the Superior Court of M'acon County entered in the above en titled action on the 14th day of August,' 1939, the undersigned Com missioner will on the 15th day of September, 1939, at 12 o'clock, noon, at the Courthouse door in Macon County, North Carolina, sell to the highest 'bidder for cash the follow ing described real estate: In Burningtown Township': BEGINNING on a Lynn at the north side of the mountain nearly opposite Cabby's at the junction of the SW line of llaye's and the West boundary line of Hampton's entry; running thence N 70 V 4 poles to a locust; thence S 20 W 130 poles to a , black oak;, thence S 47 W 300 poles to a black oak; thence S 70 E 32 poles to a chestnut; thence N 47 E 250 poles to a black oak; thence N 20 E 83 poles to the Beginning, contain ing 50 acres, more or less, being Grant No. 2892, entry No. 7238. This, the 14th day of August, 1939. R. S. JONES, Commissioner. A24-4tc S14 BARGAINS! FACTORY RECONDITIONED SINGER SEWING MACHINES AT ONE-THIRD THE ORIGINAL PRICE Bryant Furniture Co. IS (Lib LEJi L2J o DURING MONTH ONE TABLE With Each STUDIO COUCH FREE ONE RUG With Each LIVING ROOM SUITE low-cost home, none financed under it may cost more than $2, .1(10 and will not affect the ores- ent FHA program of financing higlier-cost homes on a basis ot a 10 per cent minimum down pay ment and a tyx per cent mortgage, plus a one-half per cent insurance premium. - Diaoourt Rate Under the new ulan. loans will be made at a discount rate of $3.50 per $100 borrowed. Officials said this figured slightly higher on a true interest rate than the interest rale on- present FHA-insureda mort gages. The plan requires, however, that the lending institution pay the insurance premium of one-half per cent per year of the face value of the loan, instead of. passing this charge on to the borrower. , ' . The borrowers under the new plan also will be required to pay off the loan in 15 years whereas under the regular FHA program loans may extend for a maximum of 25 years. An official explained that ' the shorter term limit was decided on because requirements as to neigh borhood and zone restrictions would not be so .strict as for higher priced. FHA-financed construction. The requirements under the regular program are aimed at pre venting a loss in the value of the home because , of changes in the neighborhood which would make it a less desirable residential com munity. This safeguard, an official said, permitted loans for a longer period than is contemplated under the new program. Low Payment The FHA said families with in comes ranging from $900 to $1,500 annually should be in a position to lake advantage of its new financ-. ing plan. Monthly payments on a home valued .at $2,000, it said, would be a little less than $17 a month, not including taxes and fire insurance. ."Its greatest use," the announce ment added, "w ill probably be found in the smaller cities and towns and in those places where land values are relatively low." An official added informally that it was expected the program would be particularly well received in the south and in other sections where building costs are relative low be cause the climate premits construc tion without the insulation and more expensive heating systems neces sary where the winters are severe. Free Free ONE RUG With Each RANGE Macon THE FRANKLIN PAESS AND Harris Says To Sow Lawns In September v ) Green grass in winter mean sowing Italian rye grass and other lawn mixtures in September, ad vises John H. Harris, landscape specialist of the State college ex tension service. .(In his list of sug gestions of "What to Do in Sep tember" to beautify the home grounds, Harris paramounts sow ing of grass seed. . He "also recommends prepara tion of the spil for fall . planting of bulbs, removal of "dead limbs from deciduous trees, planting of peonies, re-making of lily-of-the valiey beds, and the cutting back of Iris-that is infected with leaf spot, during the month of Sep tember. In his discussion of winter lawas, Harris says: "Most people get bet ter results by raking in the rye grass seed rather than leaving them on top of the summer sod. A good scratching of the summer sod will not damage the existing grass, but will improve it for the next year, especially if a liberal application of fertilizer is applied when the rye , grass seed are sown. "The newly-sown lawn should be mulched with wheat straw, which prevents washing, retains moisture for the grass, and pro tects tender grass .from the hot sun. The .straw should be removed when the grass is well established." To prepare soil for. the fall plant ing of bulbs, the State college specialist suggests the application of well-rotted stable manure sever al weeks before the bulbs are plant ed. The manure should be supple mented with a complete fertilizer such as 6-8-6, applid at the rate of three or four pounds per 100 square feet. State College Answers Timely Farm Questions " Q. How long does it take to cure sweet potatoes? A. Proper curing usually requires about two weeks but the individual barns may vary from one to two days from this figure. The tem perature for curing should range from 80 to 85 degrees and the sweets should be watched for sprouts as ( when these appear, the potatoes are cured. After curing the temperature should be main tained at 50 degrees and should never go below 40 degrees during the storage period. Q. What is the best grain or scratch feed for poultry? A. There are too many good mixtures that give economical re turns to say which is the best, but the most common grain mix ture used in North Carolina is composed of 60 per . cent yellow Free ONE SET OF DISHES With Each KITCHEN CABINET FREE ONE TABLE With Each RCA VICTOR RADIO Free ONE RUG With Each DINING ROOM SUITE .Fuirrataire Company, "Macon County's Furniture Store" YOUR CREDIT IS GOOD WITH US THE HIGHLANDS MACON IAN corn and 40 per cent wheat. How ever, this grain ration should be largely governed by what is .grown on the farm and the cost of the grains which must be purchased to make the . desired ; ration. Heavy barley or heavy oats may be sub stituted for a part of-the corn and wheat in the grain ration but rye should not be used as this is a poor grain for poultry. Better to sell the rye and buy some other grain such as corn, wheat, oats or barky. Q. Does it pay to put fertilizer on- pasture land ? A. Recent experiments have shown a remarkable increase in grazing from the use of fertilizers when applied to new pastures. The fertilizer mixture is usually the same as for corn in the locality and on new pastures, the applica tion may be harrowed in before seeding or drilled in with the seed. After the first application, the pas tures should be top dressed about the first of March each year. For very acid soils an application of from 1,000 to 2,000 pounds of lime stone to the acre will be beneficial. Important Triple-A Announcements' Made E. Y. Floyd, AAA executive of ficer of State college, made two important announcements this week which vitally affect the agricultur al conservation program in the state. The first concerned the rate of 1939 conservation payment on cot ton. A. tentative rate of two cents per pound for the allotted acreage times the normal yield was an nounced last November. But, when more than 90 per cent of the cot ton growers in the nation planted within their acreage allotments, it was found that insufficient, funds to make the full ' two-cent-per-pound payment were on hand. The other announcement by the Triple-A officer was the abandon ment of the previously announced plan to make hairy vetch and Austrian winter pea seed available to farmers in 41 Eastern North Carolina counties as a grant-of-aid, .similar to the lime and phosphate program in the state. The plan was abandoned, Floyd said, because of a seed shortage in the Pacific Northwest - producing states, which caused bids on 5,512, 000 pounds of seed sought by the AAA to be excessive. However, Floyd said that county Triple-A committeemen and farm agents are making arrangements with, local seed dealers to supply vetch, Austrian winter pea, and crimson clover seed to farmers up on consignment of their soil-build ing 'payments. OF SEPTEMBER Church Services Baptist Church Rev. C. F. Rogeri, Paitor 9:45 a. m. Bible school. 11 a. m, Morning worship. 6:45 p. m.-B. T. V. 7:45 p. m. Evening worship at Tabernacle, where Dr. Fox and Rev. Paul Fox will conduct the service. Prcebyterian Church Rev. J. A. Flanagan, Paitor Franklin (Each Sunday) 10 a. m. Sunday school. 11 a. m. Worship services. Morrison (Each Sunday) 2:30 p. m. Sunday school. (Each 2nd and 4th Sunday) 3:30 p. m. Worship services. St Agne Episcopal Church The Rev. Frank Bloxham, Rector No .service Sunday, diie. to ab sence of Rector. Franklin Methodist Church The Rev. lvon L. Roberts, Pastor (Each Sunday) 10 a. m. Sunday school. , 11 a. m Worship services. 7:30 p. m. Vesper service. Macon Circuit Rev. J. C. Swaun, Pastor First Sunday, U a. in. Union; 2:00 p. m. Hickory Knoll; 7:30 p. m. Asbury. . Second Sunday, 11:00 a, in. Mt. Zion; 2:30 p .m., Maiden's; 7:30 p. m. Patton's. Third Sunday, 11:00 a. m As bury; 2:00 p. m. Mulberry; 3:00 r. m. Dryman's; 7:30 p. m. Un ion. Fourth Sunday, 11 a. m.-r-Fat-ton's;'2:30 p. m. Maiden's; 7:30 p. m. Mt Zion. St. John's Catholic Parish Schedule of Masses: Franklin: 2nd and 4th Sunday, 8 a. rn. Murphy: , Every 1st Sunday, 7 a. m. Hiwauee Dam: 1st Saturday, 8:30 a. m. Cherokee: Every 3rd Sunday, 8 a. m. Wayneeville: Every Sunday, 11 a. m. ABANDONED The agricultural adjustment ad ministration was forced to abandon its plans for distributing winter legume seed to farmers as grants-of-aid because of a shortage of seed in the Pacific Northwest states, where most of the seed are produced. Free ONE MATTRESS With Each BEDROOM FREE TWELVE RECORDS With Each VICTOR TALKING MACHINE Free ONE SET OF STRINGS AND PICK With Each GUITAR foe. - THURSDAY, AUGUST 31, 1939 BOLL WEEVIL . There was a reduction in the number ol small cotton producers who planted cotton in Bladen coun ty this year, but the boll weevil is taking a heavy toll of the crops of those who did plant, says J. K. Powell, farm agent. Loyal Order of Moose Franklin Lodge, No. 452 Meets In American Legion Hall Second and Fourth Thursday Nights 8:00 O'CLOCK Billy Bryson, Secretary CAN YOU AFFORD TO BE WITHOUT IT Funeral Benefit Insurance Costs Are Surprisingly. Small Rates From 24c Month Up According To Age Benefits are Provided in the .Amount of $100 for Persons Over 10 Years of Age and in the Amount of $50 for Per sons Under 10 Years of Age. Bryant Burial Ass'h. Franklin, N. C CAGLE'S CAFE GRDE WE SPECIALIZE IN Steaks, Chops, Fried Chicken and Fish Let Us Help You With That Hurried Meal or Picnic Lunch Try Our Cold Drinks After the Ball Game or Show A. G. CAGLE, Owner FRANKLIN, N. C. WOMACK'S SERVICE STATION On Atlanta Highway Washing Polishing Expert Lubrication Phone 1904 Franklin, N. C SUITE Phone 150 Franklin, N. C.
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Aug. 31, 1939, edition 1
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