Report mi Cuuitku of
THE BANK OF FRANKLIN
mi Franklin, in the State of North Carolina, at the Gom of
Buaineae on December 31, 195fi
Aeeete
t. Cuh, balances with other banks. Intending reserve balances.
and cash Items in proosM af collacttan $342,190.97
2. United States Government nfcMgatlani. direct and guaranteed.... 1,305,844.50
3. Obligations of States and political subdivisions 182,296.05
Loans and discounts (including $ none overdrafts) 810,025.44
7. Bank premises owned $10,105.26, furniture and fixtures $10,292.37 20,397.63
8,827.97
U TOTAL A88KTS $2,687,542.56
Liabilities
13. Demand deposits of individuals, partnerships, and corporations. $1,622,583.53
14. Time deposits of individuals, partnerships, and corporations...-. 604,192.69
15. Paposlts of United States Government (including past*! savings) 77,096.19
Id Deposits of States and political subdivisions 62,746.36
it. Other deposits (certified and officers' checks, etc.) _... 20,506.42
19. TOTAL DEPOSITS $2,387,106.19
23. Other liabilities 31,805.29
24. TOTAL LlABXLrTTgS $2,418,910.48
Capital Accounts
?. Capital* $75,000.00
M. Surplus 75,000.00
IT. Undivided profits 96,632.08
IB. Reserves 2,000.00
M. TOTAL CAPITAL ACCOUNTS 248,632.08
80. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $2,667,542.56
?This bank's capital consists of:
Common stock with total par value of $75,000.08
Total deposits to the credit of the State of North
Carolina or any official thereof $29,516.25
Memoranda
31. Assets pledged or assigned to secure liabilities and for other
purposes $367,000.00
J2. (a.) Loans as shown above are after deduction of reserves of.... 22,180.00
(b) Securities as shown above are after deduction of reserves of 7,098.48
I, H. W. Cabe, Cashier, of the above-named bank, do solemnly swear/affirm
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: H. W. CABE, Cashier
FRANK B. DUNCAN,
VERLON SWAFFORD,
R. S. JONES,
Directors.
State of North CaroUaa,
County of Macon, s s:
Sworn to and subscribed before me this 11th day of January, 1957, and I
hereby certify that I am not an officer or director of this bank.
My commission expires December 22, 1957.
CBCILE GIBSON, Notary Public
Heard And Seen
ON MACON
BYWAYS
By BOLFE NULL
Hickory, dlckory. dock.
What'* happened to the town
clock ?
Again.
?
NOTES OF a Western North
Carolina wanderer;
The sidewalks in Heaven may
be paved with gold, but In Marble.
N. C? they're paved with marble.
The floor of the front office of
the Cherokee Scout, county news
paper printed at Murphy, also
Is marble.
What used to be torture, is now
a pleasant ride. Only IS or 20
minutes, from Hayesvllle to Mur
phy, via the new road.
?
ANYBODY DOUBTING or un
derestimating the power of a
woman should visit Hayesville.
There the town board Is com
posed of four people ? one man
and three women. The mayor?
Yes, a woman.
At Bryson City, Just as in
Franklin, you don't know whether
a certain building is a federal
reformatory, secret project, or
what. Nowhere, on either the
Franklin or Bryson City plants
of the Van Raalte Company, can
I find their name. Why?
?
CHARLES BAMSEY, town clerk
for Franklin, was oft asked about
in the offices of other town clerks
I visited on a swing around
Western North Carolina. Mr.
Ramsey's reputation for effici
ency and knowledge of his job is
known to many of his brother
(and sister) clerks hereabouts.
"You couldn't take them away
from our people, now that they've
had them a while," says Edmond
J. Nicholson of Sylva's one-way
streets. Mr. Nicholson is clerk
for the town. He tells of Sylva's
plans for moderti lighting for
Mill Street, the one way-street
on the lower side of the main
street, and talks of flowers this
spring on the town's traffic
islands.
?
DID THE Phillips 66 Oil Com
pany make a mistake in the sp"l
ing of their trade name, "Trop
Artic". for a brand of oil?
"It's a proper name and I al
ways thought a proper name could
be spelled anyway the person
wanted it to be spelled," says
Ed Crawford, of Franklin. Route
4. Ed, it might be added, has
CONDENSED STATEMENT
,/ "7" ? ?
The Jackson County Bank
SYLVA, N. C.
December 31, 1956
. , ASSETS
I ;
Cash & Due from Banks $ 898,225.57
I
U. S. Government Bonds ; 2,487,811.23
Other Bonds 479,065.56
Loans & Discounts 1,844,716.18
Bank Buildings and Equipment 101,351.05
Other Assets 18,728.62
TOTAT i $5,829,898.23
k
LIABILITIES
I *
Capital :\ $ 125,000.00
Surplus 180,000.00
Undivided Profits 10,554.79
Reserve for Contingencies 70,000.00
Deposits 5,414,331.63
Other Liabilities 30,011.81
TOTAI $5,829,898.23
/ # . '
The Jackson County Bank
Branches at Highlands, N. C. and Cherokee, N. C.
- Member of Federal Deposit Insurance Corporation
1 more than a speller's Interest
since be sells Phillips products.
Well. I don't know. Seemed to
me the way to find out was to
write the oil company's head
quarters In Bartlesvllle. Okla. This
I did.
?
THIS WEEK, the answer came.
It Is from P. U Rice, manager
of the company's advertising di
vision. Says Brer Rice:
"Although the dictionary shows
the correct pronunciation of artlc
as arklilt. most people do not
sound the 'c' In pronouncing the
word. That was undoubtedly the
thing behind the spelling of our
motor oil brand name Trop- Artie:
however, this brand name was ac
quired over 25 years ago from
another company which we pur
chased and the actual origin has
long since been lost."
?
NOTES OF a Piedmont wander
er:
When we say Franklin, we mean
Franklin, In Macon County. Folks
around Salisbury have a Frank
lin, too. It lies outside of Salis
bury, toward Mocksville. However,
there's no post office there, thus
no cause for mall mix up.
Funny place names in a day's
drive: Jerusalem, Thrift, Fork, and
Whynot.
?
THIS FROM the Irish Digest:
An Irish artist saw an old
farmer who would make a good
model. So he sent his maid to
bring in the man to paint him.
The old fellow hesitated. "Will
he pay me well,"
"Oh, yes; he'll probably give
you a pound.".
Still the old man hesitated,
scratching his head in perplexity.
"It's an easy way to earn some
money." the maid prompted.
"Oh, I know that," came the
reply. "I was only wondering how
I'd get the paint off afterward."
Funeral Held
For Mrs. Corn,
75, On Friday
Funeral services for Mrs. Lee
Corn were held Friday at 11 a. m.
at Mulberry Methodist Church, of
which she was a member.
Mrs. Corn, the former Miss Flora
Adeline Norton, died at her home,.
Dillard, Ga? Route 1, Tuesday of
last week. She was 75 years old.
Born in Macon County Decem
ber 20, 1881, she was the daugh
ter of Virgil and Mrs. Rosetta
Bradley Norton. She and Mr
Corn, who survives, were married
May 10, 1905.
Besides her husband, Mrs. Corn
is survived by a son, Norton, of
Douglas. Wyo.: five daughters.
Mrs. Ralph Crunkleton. of High
lands, Mrs. Cecil Holt, of St.
Petersburg. Fla., Miss Bessie Corn,
of Dillard. Ga., Mrs. William
Dean. Cleveland. Ohio, and Mrs.
Ervin Carpenter. Sylva; two sis
ters. Mrs. Mary Ledford and Mrs.
Parlee McClure, both of Dillard;
15 grandchildren; and four great
grandchildren.
The funeral services were con
ducted by the Rev. Olen Ander
son and the Rev. R. L. Poindexter.
Burial was in the church ceme
tery.
Active pallbearers, all nephews,
were John McClure, Elbert Mc
Clure. Corbin Ledford, Grady
Ledford, Dover Thompson, and
L. D. Hopper.
Arrangements were under the
direction of Bryant Funeral Home.
CJub Meetings For Week
Are Announced
Msetlnc of home <wn?niti>
tten dubs In this oounty far the
? IM week h?i? been an
nounced by Mn. Hownct 8
Sherrlll, county home demonstra
tion agent. The* are as follows:
Today (Thursday) : Hlgdonvllle
Club at 1:30 p. m. with Mrs.
Earl Finney.
Friday: Watauga Club at 1:30
p. m. with Mrs. J. P. Shuford
Tuesday: Olive Gill -Oak Dale
Club at 2 p. m. with Mrs. W. H.
Barnard.
Wednesday: Upper Cartooce
chaye Club at 1:30 with lf?.
Hlllard Solesbee.
Thursday: Clark's Chapel at
1:30 with Mrs. Otis Franklin.
NOTE: Highlands Club, origin
ally planned for January 31. has
been postponed for one week.
OUR GRAIHTUDE
This is to express our gratitude
to our neighbors and friends for
their many thouchful acts of kind
ness and sympathy at the time
of the death of our wife and
mother.
Lee Com and Children.
SPECIAL
1 ONLY
FLOOR SAMPLE
Southern Cross ? Sofa Bed and Chair
Regular Value $199.50
Now $149.50
SOSSAMON Furniture Co.
Phone 67 Franklin, N. C.
HEREISYOUR CHANCE!
FRANKLIN'S BIGGEST TALENT SHOW
WITH THE GREATEST OPPORTUNITY
FOR THE PRIZE WINNERS
If you have .talent, here is your chance to go
all the way from Franklin to Madison Square
Garden in New York.
Here is the pitch :
Thirty winners to appear in great Talent
show at Franklin Gym on February 2, will be
selected from auditions to be held at
East Franklin
School, Jan. 30th
= 7:30 P. M. =
Six winners from talent show to appear on
WFBC-TV show at Greenville, S. C.
Three TV winners to appear in City Auditor
ium, Spartanburg, S. C. Final Winner will re
ceive $500 cash and a Madison Square Garden
appearance.
Any act from a dancing bear to a "guitar
picker" may be eligible.
For a chance to go to Madison Square Gar
den, come to the Audition at East Franklin
School on January 30th.
For further information see, Woodrow
Franklin, Doug Simpson, or Bob Carpenter.
DE LUXE 7-PC CHROME DINETTE
ipp*
Large overstuffed curved form-fitting chairs
and one large chair, with upholstered arms in
matching plastic.
$49.95 and up
Macon County Supply Co.
Phone 23
FURNITURE DEPARTMENT
FRANKLIN, NORTH CAROLINA