Newspapers / The Franklin Press and … / Jan. 15, 1942, edition 1 / Page 2
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THURSDAY, JANUARY 15, 1942 THE FRANKLIN PRESS AND THE HIGHLANDS MACONIAN PAGE TWO BANK ORY TOLD Organized In 1903 With $10,000 Capital; Assets Now Half Million The Bank of Franklin was organ ized in the Spring of 1903, with a capital stock of $10,000. The early days of the bank is a story of small beginnings with the normal, steady growth that marked those years of slower tempo that the older citizens can still remem ber. The first location was the small Munday "bank building" still stand ing o,n Main Street, then owned by the late George Jones who was the first president. The first safe,, which weighed four tons (the door alone of the present safety deposit vault weighs six tons) was deliv ered at Dillsboro.. lit was hauled over-the Cowee mountains on the old waeon road by 13 ill Jones and. H. G. Trotter with a team of eight horses. The time required for the trip is not recorded. The first board of directors were Jesse Sloan, F. S. Jolwitson. George Jones, president, Lee Crawford and S. L. Rogers, who was vice-president, f. G. Siler wa cashier. The Macon County Bank was chartered in 1907, continuing for four years, and merged with the Bank of Franklin in 1911. Depression Year When the bank panic came late in 1930, the Bank of Franklin', with other .small banks of western North Carolina had to close its doors on December 15, soon after the fail ure of the Central bank in Ashe ville. After a great effort on the part of stockholders and deposit ors, which' involved cooperation necessary to freeze 95 per cent of the deposits, the bank reopened under restrictions on April 27, 1931. The spirit of all pulling togeth er made possible the reopening of the bank without restrictions on February 14, 1934, without loss to depositors. The resources at this time were around $100,000. At a time when the whole finan cial structure of the nation was tottering and when few escaped the loss from bank failures in al most every community, the solvency of the Bank of Franklin at this critical period was a exception worthy of note. The greatest contribution made by any one individual in pulling the affairs of the Bank of Frank lin through this critical period was M. 1). Billings, who was appointed liquidator, and whose knowledge of finance and patient performance of his duties were responsible for the final satisfactory settlement and reopening on a sound basis. The bank is now a member of the Federal Deposit Insurance Cor poration which insures all deposits up to $5,000. The assets now total more than half a million dollars. Directors And Officer Dr. W. A. Rogers is president of 'the bank and also a director. Until his death last week, M. D. Billings was vice-president and di rector. His successor has not been appointed. Henry W. Cabe is caslf- ier and director, and C. F. Moody chairman of the board of directors, member of the board since 1932 Other directors are M. L. Dowdle, Grover Jamison and R. S. Jones. These have served approximately LOCAL HIM MR. FARMER LISTEN TO THE NEW AND DIFFERENT RADIO PROGRAM THAT PUTS MONEY IN YOUR POCKETS aw -mm avaw urn aaar svi aw iH a mmm mmm Mm Bawfl aB aMk, IBressing him M LLL states Mt and bbV Ammm aaV Am WmLL aH I 1H aK. . m mm I Bices ten years. Mr. Cabe has been a and cashier since 1922. George Deart, assistant cashier, succeeded Lawrence Liner the first of November when the latter re tired to devote his time to private business. Mr. Dean Had previously served as assistant cashier from 1922 to 1931, when he accepted the office of clerk for the town of Franklin. Grover Jamison, Jr., has held the position of bank clerk for the past two years. Ellijay By HAZEL AMNIONS Alex Berry who has been a pa tient at Angel hospital has return ed home. Mrs. Carrie Henry who has been seriously ill at her home has great ly improved. Mr, and Mrs. Bill Haskett have moved to Tennessee, where Mr. Haskett is employed. Cecil Pendergrass and Tobe Myers of Franklin, have started a timber job on the head ai Ellijay- Gordon Everett who has been a patient at Angel hospital has re turned to his home. He is recov ering rapidly. Mrs. Hunter Young has return ed .home after a visit in Gaston with her parents, Mr., and Mrs. L. L. Snook. Mr. and Mrs. Wendell Moore and family of Franklin, are visiting Mrs. Moore's parents, Mr. and Mrs. Vance Jennings. Miss Stella Coggins of Higdon ville, visited her sister, Mrs. Fred Rogers last weekend. Miss Sara Amnions has been ill at her home but is somewhat im proved. News has been received on Elli jay of the marriage of Miss Betty Shook to Sidney Clay of Gastonia. Miss Shook is the daughter of Mr. and Mrs. L. L. Shook,, also of Gas tonia. They were former residents of this community. .Mr. and 'Mrs. Clay are residing in Gastonia where they are employed. - There will be Sunday school every Sunday afternoon at 1 :30 o'clock at the Ellijay Baptist church until warmer weather. Officers Elected For St. Agnes Church At the annual congregational meeting of St. Agnes Episcopal church held last Friday evening at the rectory, the following of ficers were elected : Warden, Allan Brooks ; treasurer, Charles E. Thompson ; clerk, Mrs. Thomas J. Johnson. The rector, Rev. A. Rufus Morgan, and officers made their annual reports. The meeting ex pressed appreciation of the serv ices of -Ben Woodruff, retiring warden, who is leaving Franklin for residence in Charlotte; and John Ansel, retiring treasurer, who expects to join the army at an early date. Lake Emory By MRS. O. V. MINCEY Rev. Lee Crawford underwent an operation at Angel hospital, and is reported to be improving. Mrs. Joe Johnson has been iin Angel clinic for treatment. Bill Mincey and J. B. Saunders left January 1 for Norfolk, Va., wrere they are hoping to find em ployment in the Navy yard. , J. A. Mincey has returned home STRIKES FOR after spending a few. months in Norfolk, Va. He was employed in the Navy yard. Charlie Shuler, of Hope well, Va., spent Christmas holi days with his parents, Mr. and Mrs. Bynam Saunders. Miss Louise Shiddles left Sun day for Webster where she will continue the remaining term of Webster nigh school. HARRY. L. (Chick) RIDDLE Recently Elected President Of Young Democratic Club Riddle Heads Young Democrat Organization Harry L. (Chick) Riddle, Jr., of Morganton was recently appointed Western Organizer for the Young Democratic Clubs of North Caro lina by State President A. Leo nidas Hux of Halifax. The Western District over which Mr. Riddle will have jurisdiction, as Organizer, include all of the counties of the fifth, sixth, eighth, ninth, tenth, eleventh and twelfth congressional districts. Riddle's work may have a part in the Civilian Defense Program, since it is rumored in the East that the President is contemplat ing calling a joint meeting of the State Executive Committee and the- Organization Committee for the purpose of taking action to discontinue political activity for the time being and remold all Young Democratic Club activities in a Civilian Defense Group. He has been quoted as saying, "We are organized and devoted to the public service and at a time like this all party lines and politics must be set aside under the stress of National Defense." Riddle attended the University of North Carolina and received his B. A. degree in 1936. He is a graduate of the 1938 Law School of the University and served as President of the Young Democrat ic Club of the University of North Carolina during that year. Riddle served as Vice-Pre&idejnt of the Young Democratic Clubs of Burke county in 1939-1940 and is now President of the Burke County Club. In 1940 he was appointed Prosecuting Attorney of the Burke unty Criminal Court. He is ac- y affiliated with all construc- organizatjMc in his City Hp FREEDOM Upper Cartoogechaye By Mies Agues Waldroop The Allison Creek Sunday school seems to be progressing nicely with our new Superintendent Marritt Beck, and our Hymn Leader "Uncle Charlie Dills." Walter Arnold of this commun ity has been quite ill for the past few weeks, but his condition is reported satisfactory at present. Miss Cora Krnizey has been quite ill, but is reported much improved. To the many friends and rela tives of Uncle Bill Ledford, who died recently, we wish to extend our greatest sympathy. C. S. Battles of West Virginia was visiting-- his daughter, Mrs. Grady Waldroop, recently. Frank Kimzey spent the Christ mas holidays with relatives and friends of this community. Ppr the past few years he ras been mak ing his home at Cashiers. Glen Beck returned home after visiting a few days with relatives at Bryson City. Jessie Guffie of Shooting Creek, snent Christmas with Mr.. and Mrs. Dave Guffie and relatives of Car toogechaye. Dover Waldroop has returned to Baltimore, Md., to his employment, after spending the weekend with his parents, Mr. and Mrs. Jake Waldroop. i F'red Conley, employed with the TVA at Murphy, spent the week end with his family. Miss Myrtle Cruse of Andrews, Church Services FIRST BAPTIST CHURCH Rev. C F. Kogera Sunday, January 18 9:45 a. m. Bible school. 11 a. m. Morning worship. 6:30 p. m. B. T. U. 6:30 p. m. The Brotherhood. 7:30 p; m. Evening worship. FRANKLIN METHODIST CHURCH Rev. J. L. Stoke. II 10 a. m. Church school. 11 a. m. Worship service. 6:00 p. m. Young Peoples Fel lowship. PRESBYTERIAN CHURCH Rev. Hubert W.rdlaw 10 a. m. Sunday school. 11 a. m. Services. 7:30 p. m. Christian Endeavor. ST. AGNES EPISCOPAL Rev. A. Rufu Morgan 3rd Sunday: 5 p. m. Evening prayer and sermon. FRANKLIN METHODIST CIRCUIT Rev. Philip L. Green 3rd Sunday: 10 a. m. Louisa 11 a. m. Clark's Chapel. 3 p. m. Salem. 7 p. m. Bethel. MACON METHODIST CIRCUIT Rev. J. C 3rd Sunday: 11 a. m. Asbury. 2.00 p. m. Mulberry. 3 p. m. Dryman's. 7:30 p. m. Uniotv ST. JOHN'S CATHOLIC PARISH Rev. A. F. Every First Sunday: 8 a. m. Bryson City. Seoond and Fifth Sunday Franklin. is or a short visit with relatives here. Mr. and Mrs. Frank Clark, for merly of Milan, Tenn., spent a few days with Mr. and Mrs. Lester Waldroop. Mrs. Norman Burcr, 74 years old, enjoyed the Motion Picture show '"Sergeant York." Aunt Dock Waldroop celebrated her 84th birthday January 6. Hickory Knoll By MRS. R. IN. STILES Our Sunday school is progress ing nicely under the leadership of Mr. J. L. Young. Mr. and Mrs. E. B. Hoglen en tertained wiith a birthday dinner at their home or Sunday, January 4th, honoring their son, R. L. Hoglem, Jr., on his 21st birthday anniversary. A beautiful cake with candles and happy birthday cen tered the table. The "Happy Birth day" song and "He's a Jolly Good Fellow" were sung by the guests. Guests included Gene Bateman, Hoy-Pendland, Sue Dell Kimsey, Virginia Penland, Carrie Stiles, Mattie Fay Rogers and J. B- Hog len. Mr. and Mrs. R. N. Stiles, Mrs. T. S. Penland, Jud Tallent, Mr. R. L. Hoglen and Mr. Jim Rhodes. An old fashioned singing was held at J. L. Young's Sunday night. George Johnson, a cousin to Mrs. J. L. Young, is a guest at their home. Mrs. T. F. Brooks of Harriman, Tenn., and Mrs. G. C. Dowdle vis ited Mr. and Mrs. R. N. Stiles on Monday. Tfc. f.Hr NORTH CAROLINA FACTS ! ONLY ROSE BOWL 1cS' 1 op Ttti Rose Bc--JfPpg DUKE. VS OnE&OM 8TATB. 'tWy "f ON UANOAfW I, Ammm mmW ' iM 1 I H H I IalavaJlBaWT''yPPJ''' "X" M I fW J FIRST AIRPLANE FLIGHT M mi-I HIST0RY MADE w wma jHj HV BROTHERS AT KITTY HAWK. OVER I.30QOOO VISITORS CAME TO THE 3Sr OREAT 8M0KY MOUNTAINS NATIONAL HKRK EL ) IN IQIB THE LEGAL BEER INDUSTRY PROVIDES AN ANNUAL PAYROLL Of llaVOOOOOO TO NORTH CAROLINA WORKERS ! Only t dwindling few retailer Dermit anti -social our "dean up or cloee up" campaign during the New Year by giving your patronage to the great majority who operate strictly within the law! BREWERS AND NORTH CAROLINA BEER DISTRIBUTORS COMMITTEE EdgarRBaia, Sttk Dirwdtr, Srih 8B-&I7 C ! rial BMf Rafael Nantahala Oscar Passmore and Oscar Mor gan were visiting at Jud Macks Sunday, January 4. Mr. and Mrs. Floyd Dills from Almond were visiting Mr. and Mrs. W. I. Dills in the Camp Branch section Saturday, Jas. 3. Miss Ollie Dills and Alice Ben nett were visitors at Mr. and Mrs. Will Dennvs recently. We have had a very mild winter in this section so far. Clef Douthit has almost com pleted his house. Glen Dills purchased a car re cently. Miss Ethel Morgan has return ed to her home in this section after spending a few days in Franklin. To reltevef f I T C Misery otVLUj LIQUID r r f TABLETS hnh salve IIUU NOSE DROPS COUGH DROPS Try "Rub-Mr-TUm" Wonderful Liniment Ease their gas from over-acid stomach and relievo temporary constipation quickly with Witsell 'a Caatoria Only 25c a bottle. Sold everywhere. Ask for it today. Witm. CASTORIA WEAVER COCHRAN Flats, N. C. ft rartaV "black aheeo" i oractice. Hero ua in V i wm Tui mm i
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Jan. 15, 1942, edition 1
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