PAGE FOUR
THE FRANKLIN PRESS AND THE HIGHLANDS MACON IAN
THURSDAY, JULY 10, M4I
k fi x a nklin Tfyv ss
Published every Thursday by The Franklin Preti
At Franklin, North Carolina
Telephone No. 24
VOL. LVI
Number 28
Mrs. J. W. C. Johnson and W. S. Johnson.
.Publisher
Entered at the Pott Office, Franklin, N. C.( as second class matter
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This newspaper invites its readers to express their opinions on
matters of public interest through its columns. The Press
Maconian is independent in its policies and is glad to print both
sides of any question. Letters to the editor should be written
legibly on only one side of the paper and should be of reasonable
length. The editor reserves the right to reject letters which are
too long, are of small general interest or which would violate
the sensibilities of our readers. .
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lodges, churches, organizations. or societies, will be regarded as adver
tising and inserted at regular classified advertising rates.
BIBLE THOUGHT
1 am the light of the world: he that followeth me shall not walk
in aarkness, but shall have the light of life. St. John 1:9.
We look to thee; Thy truth is still the light
Which gnides the nations, groping on their way,
Stumbling and falling in disasterous night,
Yet hoping ever for the perfect day.
Theodore Parks.
Frank Graham Speaks On Freedom
P"RANK GRAHAM is perhaps the best gift of
North Carolina to the nation in this critical
hour. Recognized with important responsibilities by
President Roosevelt since the beginning of tlie ad
ministration, President-Graham of the University
of North Carolina has come to represent in the
counsels of the nation all that his friends have
known him to be.
Greeted enthusiastically by Atlanta alumni re
cently, Ralph McGill in the Constitution pays trib
ute to Chapel Hill's Graham, " . . . a quiet man"
. . absolutely fearless . . . splendid job on Medi
ation Board. People trust him. They have reason
to trust him, . . . He has been in the sharpest of
controversies. He never loses his temper. He is
tolerant of criticism that has been heaped upon
him."
At Montreat oh the Fourth of July, Dr. Graham
revealed the roots of his strength and the found
ation of his personal and political principles in
these words :
"On the principle Jhat religion with its concep
tion of one God, one human family, and of all men
as brothers and sons of God is the basic source of
freedom and democracy in the modern world. Dr.
Graham traced the rise of freedom through the
church, the parliament, corporation, cooperative
societies, the labor unions, the press, the schools,
and the universities.
"These are the institutions which the dictators
had to strike down on their way to totalitarian
power. These are the institutions . whose freedom
is at stake in the world today and for whose total
defense we are organizing in America."
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all probability, find it harder to obtain federal aid
in the future.
Upon realization of the urgent need for this
building, we feel that the Commissioners are to be
congratulated for taking the initiative ,to solve a
problem which we have faced for a long while.
Dr. M. B. Stokes To
Preach Sunday, July 13
Dr. M. B. Stokes will preach
at the regular morning service at
the Franklin Methodist church,
Sunday, July 13.
Dr. Stokes, father of the 'pastor,
the Rev. J. L. Stokes II, is at
present a missionary to the Isle
of - Pines, . Cuba. For 34 years he
served as missionary in Korea but
recently had to leave that country
due to present world conditions.
Letters to Editor
Our Chance For A New Courthouse
'THE county commissioners have decided to place
before the people of Macon county for their
approval a $60,000 bond issue. This money, with
the aid of federal funds will be used to erect a
courthouse and jail, the cost of which is not to ex
ceed $150,000 as a WPA project.
The present courthouse is approximately 60 years
old; its facilities are not adequate to meet the pres
ent and future needs of the county. Two facts which
point out the inadequacies of the present building
is the fact that the county has to rent office space
for at least three of its agencies and the lack of
proper tire-proof storage for valuable records
which could not be replaced if destroyed by fire or
otherwise.
There has long been a complaint by many citi
zens that the courthouse is unsanitary. Much of the
filth is caused by overcrowding and congestion
which is unavoidable.
Any individual who recalls the number of jail
breaks which have occurred here in the past few
years-realizes that our jail, which was condemned
at one time, does not serve its purpose properly.
A considerable sum of money and time have been
spent in the recapture of escaped prisoners. Investi
gation will also show that the jail does not have
either proper sanitary or housing facilities for lodg
ing prisoners decently.
"If the courthouse were to burn Macon county
would lose at least $100,000 worth of records which
could not be replaced, due to lack of proper storage
space," according to Sheriff A. B. Slagle.
By the passage of the bond issue and with the
aid of WPA money a courthouse and jail can be
built which will remove the present deficiencies and
which will furnish ample storage facilities and of
fice space for the needs of the county for many
years to come.
There should be no delay in taking this action.
Not only would delay find us confronted with a
higher cost of construction, but we would also, in
Aquone, N. C.
July 7, 1941.
Dear Editor :
Will you give me space in your
paper for a few words, pertaining
to things of interest and about the
third term man one of the most
outstanding gentlemen that God
could have chosen to lead His
people. This man looks out for the
best interests and best things in
life for the poor working men
and women. Of course these little
two by four Senate and Congress
men try to tie his hands behind
him. But thev don't auite set it
done. What ever he says just
goes.
I voted for him in the third
term race and would vote for him
in the fourth term if he were " to
run, but he will not run the fourth
term.
J just want to call your atten
tion to the times now and 1931-32.
Is not there quite a difference in
1931 and 1941 ? We were all on the
brink of starvation in 1931 and
1932, but God sent us a ' man to
look after the situation. The man
who made the poor , Beanie of
America happy. I expect there are
some who he is feeding and tak
ling care of who are abusing his
name now" and talking about him.
But we will consider the source it
comes from.
A man for peace and freedom.
a man for citizenship and prosper
ity, a man who believes in God.
and a man to help the poor class
of people. If you are down . he
believes in helping you up this
gentleman s name is Franklin D.
Roosevelt may God bless him and
take care of our President, and
may God bless the people who
persecute him.
I just received a letter from our
President.
Oscar Raby,
A Roosevelt man.
PUT UP
MORE FRUIT
Fill up that extra cellar space
with canned preserves. They'll
come in handy later on. You'll
find all the supplies you need
for better and quicker canning
in our store.
PRESSURE cooker of alum.
12 qt Cans in - $10 AC
one-half the time, at
JARS. Quart size, clear class.
One Dozen, with QCe
caps ''
Franklin
Hardware Co.
Tesenta
By MRS. LEWIS NORTON
Shirley Keener who is employed
with B&n's Hardwood Lumber
company visited his parents here
the 4th of July.
Hurman Buchanan of Lawrence
ville, Ga., is visiting his parents
here.
Eddie Brooms of Robbinsville,
spent the Weekend visiting friends
here.
Bill Long who is stationed at
Fort Bragg visited his home the
4th of July.
Harley Rogers who was stationed
at Fort Bragg is home now.
Helen Lewis of Rainbow Springs
is visiting Miss Geneva Frady this
week.
Norman Henry who received a
broken leg last week when he fell
out of a tree is reported to be
getting along nicely.
Harry and Paul Ramey, Misses
Virginia and Hazel Ramsey, and
Ralph Kirk, all of Cambria, Va.,
visited friends in this community
and in Otto last weekend.
Pvt. William Conley, who is sta
tioned in the Army at Fort Bragg,
visited his parents, Mr. and Mrs
Ingram Conley over the weekend.
Miss Fairy Moore, of Atlanta,
Ga., Miss Ella Moore and" Mr.
and Mrs.' Tearle'y Picklesimer of
Highlands, visited their mother,
Mrs. W. H. Moore, Sunday.
Mr. and Mrs. Eugene McKay, of
Spartanburg, S. C, visited Mr. Mc
Kay's parents, Mr. and Mrs. Jesse
McKay, last weekend.
Pvt. Robert L. Brabson, who is
stationed in the Army at Fort
Bragg, spent last weekend with his
parents, Mr. and Mrs. A. N. Bralb
sqn. Mrs. Lewis Hargett and children,
of Richmond, Va., are spending
several days with her mother, Mrs.
G. C. Dowdle.
Mr. and Mrs. Eugene, McCoy
and small daughter, of Clayton,
Ga., visited Mrs. McCoy's parents,
Mr. and Mrs. J, T. Gabe, last week.
Pvt. Garnell L. Woods wtho is
in the Army at Fort Bragg, spent
last weekend with his parents, Mr.
and Mrs. J. M. Woods.
Mr. and Mrs. Dexter Roberts
and children of Hickory Knoll,
spent the latter part of last week
with Mrs. Roberts' parents, Mr.
and Mrs D. C. Stockton.
Garland Bateman, of Mt. Holly,
is spending several days with his
parents, Mr. andMrs. T. A. Bate
man. ' ' V' , ,v
, Harold Cook, who is in the CCC
Camp at Fort Bragg, visited rela-
Rev. C. Satterlee Holds
Services At St. Agnes
The Rev. Capers Satterlee, of
Mobile, Ala., who is spending' a
short vacation in Franklin,, con
ducted the services at St. . Agnes
church last Sunday, and is expect
ed to preach at the evening serv
ice' next Sunday, in place of the
rector, the Rev. A. Rufus Morgan.
Mr. Satterlee is' occupying the
rectory during his stay here.
tives and friends in this commun
ity last weekend. '
Good Food Is
Good Health
lEnjoy Good Food and.
Good Health
DINE AT
CAGLE'S CAFE
A. G. CAGLE, Owner
FRANKLIN, N. C.
Rabun Studios
810 Madison Avenue
New York City
announce the opening to
visitors of . their Weavers
of Rabun Workshop on
Betty's Creek, 4 miles from
Dillard, off Hfehway 23.
P. O. Address
RABUN GAP,
GEORGIA
O
7
PHONE 106 NIGHT PHONE 70
$178,794.00
18,501.00
45,733.95
1. Loans and discounts (including ..overdrafts)
2. United States Government obligations, dircet and guaranteed...
3. Obligations of States and political subdivisions
6. Cash, balances with other banks, including reserve balances: and cash
items in process of collection ; 231,999.10
7. Bank premise's owned $19,698.44, furniture and fixtures $215.80.......! 19,914.24
loamc premises ownea are subject to no liens assumed by bank)
8.
11.
1Z
Real eseate owned Other than bank premises
Other assets
1.00
738.57
TOTAL ASSETS
LIABILITIES
13. Demand deposits of individuals, partnerships, and corporations.....
14. Time deposits of individuals, partnerships and corporations.......
15. Deposits of United States Government (including postal savings).
16. Deposits of States and political subdivisions.........
18. Uther deposits (certified and officers checks, etc.).....
19.
23.
24.
TOTAL DEPOSITS
Other liabilities .... ....
$420,445.09
$495,681.86
347,895.20
412.38
565.24
70,528.52
1,043.75
4,885.75
TOTAL LIABILITIES (not iincluding subordinated obligations
shown below)
CAPITAL ACCOUNTS
25. Capital
26. Surplus
27. Undivided profits .............................;......
28. Reserves (and retirement account for preferred capital) .
$425,330.84
$25,000.00
35,000.00
9,351.02
1,000.00
29. total Capital accounts $70,351.02
30. total liabilities and capital accounts. $495,681.86
This bank's capital consists of $....t of capital notes, and debentures:' first
preferred stock with total par value of $..... .., total retirable value $....
second preferred stock with total par value of $ total retired' value
31.
. ; and common stock with total par value of $25,000.
MEMORANDA
Pledged assets (and securities loaned) (book value) :
(a) U. S. Government obligations, direct and guaranteed, pledged to
secure deposits and othc liabilities
(b) Other assets pledged to secure deposits and other liabilities
(including notes and bills rediscounted and securities sold under
repurchase agreement)
$14,000.00
41,000.00
32.
'..(e) TOTAL
Secured and preferred liabilities:
r () Deposits secured by pledged assets pursuant to requirements
; of law
(d) Deposits preferred under provisions of law but not secured by
by pledge of assets
$55,000.00
55,000.00
565.24
$55,56524
() TOTAL
34. (a) On date of report the reauired leeal rrwrvr arainct dMincit.
of this bank was .' 6306670
(b) Assets reported above which were eligible as legal reserve
amounted to ; -v...... 23199910
I, H. W. Cabe, Cashier, of the above-named bank, do solemnly swear that the above
statement is true, and that it fully and correctly represents the true state of the
several matters herein contained and set forth, to the best of my knowledge and belief
Correct Attest:
SUU at North Caroling
Ctmnty of Macon,
H. W. CABE Cashier
M. D. BILLINGS, Director
M. L. DOWDLE, Director
GROVER JAMISON, Director
Sworn to and subscribed before me this 9th day of July. 1941, and 0 hereby certify
that I am not an officer or director of this bank.
My Commission expires November 29, 1942.
HELEN HENSON, Notary Public
Notary Public.
REPORT OF CONDITION OF
TDo4 DBi&nak Q)f Franklin
Of Franklin, in the State of North Carolina, At the Close of
Business on June 30, 1941
. ASSETS .' ''
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