Newspapers / The Franklin Press and … / Feb. 6, 1958, edition 1 / Page 3
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(Dt* iflnmlditt tzt a it it Cite jHigJtianiits jHarxxman Second clan mall privilege* authorized at Franklin. N. C. Puollahed every Thursday by The Franklin Press Telephone 24 "Established In INS Am The FrmnJciin Press BQB 6. SLOAN Pubhaher J- P. BRADY r Wews Editor WEIMAR JONES Editor BOB 8. SLOAN Advertising Msnegsr MRS. ROBERT BRTSON Office Manager MRS. BOB SLOAN Society Editor CARL P. CARE Operator-Machinist FRANK A. STAKRETTE Compositor C?M(LE8 E. WHTTTINGTON Pressman 0; ?. CRAWFORD DAVID ?. SUTTON Commercial Printer SUBSCRIPTION RATES One Year $3.00 fits Months ... . . 1.75 Tbree Months .... 1.00 1>fo Yean ..... IJI Thrw Years .... T.50 One Year . . % . $2M Six Months 1.1% Three Months .... l.M Two Tears, 4.25 Three Tears ... 140 IS OUR BUSINESS Following your physician's prescriptions with professional precision from fresh, potent drugs, we are in business for YOUR health. At your service, all waysl Our accuracy Is your protection CAROLINA PHARMACY Phone 84 Building And Loan Assets Rise; Officers Are Elected Assets In Macon County Build ing and Loan Association rose $261,957.43 during 1957. This Increase represents the gap between the $1,046,130.06 at the end of 1956 and the $1,308 087.49 at the close of 1957. Also, the association picked up 102 new stockholders during '57, from 703 to 805. New Loans One-hundred and eighty-two new loans were granted during the year, amounting to $437,258. Eighty-six of them were construc tion loans, totaling $191,340; 33 were for purchase of homes, $120, 650; 23 were for refinancing, $72, 100; and four were other purpose loans, $53,168. The other purpose loans included home repairs, farm buildings, education loans, and smaller debts. At the present time, the as sociation holds 561 mortgage loans. Under Roof 1 For a construction loan, a CONDENSED STATEMENT The Jackson County Bank SYLVA, N. C. December 31, 1957 i ? ASSETS Cash & Due from Banks $ 981,862.49 U. S. Government Bonds .! f 2,860,293.75 Other Bonds j * 478,225.56 Loans & Discounts 2,008,733.18 Bank Buildings and Equipment 94,490.05 Other Assets 27,137.89 TOTAL'. $6,450,742.92 LIABILITIES Capital $ 125,000.00 Surplus 190,000.00 Undivided Profits 3,477.93 Reserve for Contingencies J 70,000.00 Deposits 6.029,973.33 Other Liabilities 32,291.66 TOTAL .... $6,450,742.92 The Jackson County Bank SYLVA, N. C. Branches at Highlands, N. C. and Cherokee, N. C. Member of Federal Deposit Insurance Corporation I structure must be under roof be- \ fore an appraisal (or a loan will be made. The association has an interest rate of 4 per cent and loans at 66 2/3 of the appraised value. At the association's annual stockholders' meeting on January 16. the following directors weve reelected: . O. A. Jones. H. W. Cabe, H. L. Bryant, L. C. Hender son. M. L. Dowdle, A. B. Slagle. Frank Martin. T. H. Fagg, Nor man Blaine, and W. N. Sloan. Cabe President The directors then elected Mr. Cabe as president; Mr. Bryant, vice-president; R. 8. Jones, sec retary-treasurer; and G. A. Jones, attorney. Appraisers are M. L. Dowdle, A. B. Slagle, W. N. Sloan, and H. L. Bryant, alternate. Thirty-eight stockholders were represented at the meeting In per son or by proxy. Mr. Bryant was elected chairman of the meeting and R. S. Jones served as secre tary. Shuford Plans To Introduce Vets Loan Bill Congressman George A. Shu ford, of the 12th Congressional District, has announced that he is introducing a bill to extend and liberalize the Direct Home Loan Program of the Veterans Administration . During the first session of the 85th Congress, Congressman Shu ford's subcommittee on nousing of the Veterans' Affairs Com mittee reported favorably a direct loan bill. H. R. 46?fc, which passed the Congress but was vetoed by the president after the adjournment of Congress. Congressman Shuiord feels tnat veterans living in small cities and towns and rural areas have not had a fair opportunity to par ticipate in the Veterans' Housing Program. The State of North Carolina, like most of the South eastern states, has been hard pressed for conventional mortgage money for the past few years and has thus participated to a great extent in the Direct Loan Program of the Veterans Administration. During the year 1957, approxi mately 4,500 veterans' loans were i made in North Carolina and of ' this number 1,700 were direct loans. Congressman Shuford's bill will repeal the old provisions of the Direct Loan Program and will establish new policies and pro cedures. These new policies and procedures clearly indicate the Congressional intent of the areas to be declared eligible direct loan areas. Small cities and towns and rural areas of 30,000 population and less, removed from large metropolitan centers, will auto matically be declared direct loan areas. The bill provides direct home loan financing for paraplegic veterans, who have not been able to participate in the program Under existing law, the Veterans Administration makes a grant of 50%. or a maximum grant of $10,000. towards the purchase of a specially built home for the qualified paraplegic veteran. The remaining 50% of the cost of the Home had to be financed con ventionally. Many of these vet erans have been unable to find such financing. Congressman Shu ford's bill appropriates $10 million for loans to these veterans if they are unable to obtain con ventional financing. , Also, Congressman Shuford'c bill has a special provision to encourage veterans in the pur chase of farms or the building of a farm home on property they now own, The bill provides $25 million for this type of loan and it is Congressman Shuford's hope that the veterans in North Caro lina will take advantage of this ssr bEPA)RE?> We Service, Repair, Rebuild AU Makes Adding Machines Typewriters Addreasorrmpha We carry complete stocks of replacement parts. Hilton Bus. Equipment Phone VB7-MU MURPHY, N. C. VIEWS ? By BOB SLOAN Advertising, politics. Most of us have a some what cynical attitude to anything connected with either. At best we approach either sub ject with a, "You have got to show me", attitude. Last week in the Press there was an advertisement run by a political candidate, Heinz Roll man, who is seeking the office of congressman from this dis trict. Regradless of whether a person is a Democrat or Republican, or has already made up his mind to vote for George Shuford or San ford Brown, Mr. Rollman's op ponents, I think they stand to gain if they take the time to sit down and read this message. It is thought provoking ? and a heartfelt message, I think. See if you don't agree. If you haven't seen it, we have extra copies at the office of the Franklin Press. ? * ? The town of Franklin and the Franklin Chamber of Commerce have something in common ? they both need a plan for the future. This plan should have definite objectives with a time table of expected time of arrival opportunity to purchase a farm when the bill is enacted. The bill appropriates $150 mil lion for the fiscal year 1959 for veterans wishing to build homes in rural areas and small towns. If the bill is enacted during the last quarter of the 1958 fiscal year, the bill provides for an ad-, ditional $50 million for this period. Another outstanding feature of the bill is that it provides for advance commitments to be made to builders. Congressman Shuford feels that this will stimulate the building of new homes in the small cities and towns and ruarl areas. Congressman Shuford feels thav both houses of the Congress will support his bill and over-ride a presidential veto if necessary. for pick-up and delivery Dry Cleaning PHONE 4 CITY DRY CLEANERS We give Green Stamps as to when various objectives will be reached The (act that we don't have a single foot of sidewalk in East Franklin doesn't irritate me near so much as the (act that I have . no assurance that we will ever get any. If the present governing groups o( either body would spend this year mostly drawing up such a plan I believe that (uture boards would be glad to carry out the plans with modifications to suit , the ever changing times. But we need to know where we are going. ? ? ? The (ormation last week ?( Citizens Committees on Education to act in advisory capacity to the Board o( Education to help maintain and improve our schools is good. The scope o f the program and the make up of the committees showed that a lot o ( thought and plannnig had been done prior to the meeting. However, perhaps the best point { that was made was that the work of the committees should not be, or expected to be, a hasty over night thing. If they take a longe range view and set up long range goals and if the people then support them through their trial and tribula tions (and anything connected with the schools has trials and tribulations) much good will come from these groups. Let's all (orget the past and promise our support (or our chil dren's (uture. WHEN ITS TIME TO FUEL UP, JUST CALL 696 Nantahala Oil Co. Amoco Products Franklin, N. C. ' LIQUID OR TABLETS gives *svp;s" reukf FROM ALL THOSE MISERIES ^JseIwceTJ BUY YOUR ORCHARD SPRAY MATERIALS NOW Liquid Lime Sulphur Clean-op Ready Mix til Arsenate of Lead Captan Elgetol Wettable Sulphur Instant Copper .Sulphate Fermate (Ferbam) 25% Malathion Dithane Z78 FARMERS FEDERATION A. E. FRIZZELL. Mgr. Across from Depot Phone 92 Franklin, N. C. SW AFFORDS COUNTRY STORE Meats ? Groceries Feeds Specializing in "Courteous Friendly Service" Located on the Bryson City Road could tug TO DRIVE your car ? you mutt have '58 plates by February 16. I YOU MUST HAVE an FS-1 form* to get your '58 plates AUTO LIABILITY INSURANCE ? needed to get your FS-1 form MOW while you can still drive your car ? get with one of these NATIONWIDE AGENTS. His Auto Liability Insurance solve* the problem quick! *Or other prescribed proof of Financial Responsibility. WAYNE HARBISON FRANKLIN Tel. 10-J4 ATIONWIDB MWTWAl WUIAMCI COWANT E. T. WILLIAMS FRANKLIN Tel. 5 '
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Feb. 6, 1958, edition 1
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