THE FRANKLIN PRESS
Friday, September 5, 1924
Page Two
The Franlrfm Pvcc$
PUBLISHED EVERY' FRIDAY .
J. B. LYLE
Editor and Manager
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Foreign Advertising Representative
THE AMERICAN PREftJ'ASSCCIATlOV I
Prevailing Conditions
Make Crude Oil Prices
Contrary to the firmly established
beliefs ' of many, prices of crude
petroleum aqd its finished products
are established exactly as are prices
for wool, steel or horseshoes, or in
fact any other staple or manufac
tured products. . This is one ofithe
fundamental but , little . understood
truths of the oil business. . .........
There is "no directors' room. any
where in; which a group of men can
decide whenvcnidc oil shall be marked
up or down.- i Trices are the inevita
ble result of costs.
Because there are' exchanges which
act as clearing houses for buyers and
sellers of some of the principal com
modities such as grains, cotton and
coffee, the question sometimes arises
as to why there is no petroleum boaru
of trade. There was such an -exchange
but it was in the earlier days
of the industry when practically all
of the crude came from a limited
area. This exchange failed because
transactions became purely specula
tive with the actual business of buy
ing and selling going on outside its
doors. Since . then the number of
producing fields has greatly increased
and with them the number ot grades
of petroleum.
To create now an ' exchange " to
function'on the lines of existing ex
changes would necessitate a'revolu
tion in pese methods and would
add tremendously to overneaci, ue
' cause it would be essential to create
middlemen and a.niultiplicity of ma
chinery to perform services that are
now almost wholly rendered by pro
ducers and consumers themselves.
There are in the United States
about 18,000 producers of crude and
(more than 500 refineries. For the
-most p?rt the crude oil consumed. by
refiners is either their wn or is pur-
j chased in the open market through
V direct dealing with the producers
represented by his purchasing com
pany, and the consumer. More than
two-thirds of the oil produced in the
'Mid-Continent, Wyoming and Cali
fornia fields is consumed in the field
' where the til is produced, and to sel
this through an exchange located in
Chicago or New York City would be
obviously impossible. The condition
: in the" oil business is the reverse o
that which obtains as regards wheat
corn, oats, cotton and other com
modities which are purchased from
, millions of producers who could not
do business directlv with a like num-
.' ber of consumers. The uselessness o
, the middleman in one case i? as ap
parent as is their indipensable func
nun in 1 1 j e uuici .
It is hard to explain the mechanism
of crude oil price-making because
nothing quite .like it is known in any
other industry, but the system is the
natural growth of conditions obtain
ing in the industry. And it is auto
niaMc in .its reflection of the changing
' relation between production and con
sumption.
- Comparatively few producers, large
or small, have their own refineries
The middleman who acts as broker
finding a market for the producer
and oil for the refiner, is usually a
purchasing company operating in con
nection with a common carrier pipe
line. Because this purchasing com
pany is dealing with hundreds or
even thousands of owners of wells
and cannot make a separate contract
for each lot of oil, it publishes cur
rently what it will pay for the crude
it takes. This is known as the
''posted price" and it is subject to
frequent fluctuations. Different prices
are posted and paid for different
grades of crude oil depending- on
their refining values.
TI- - . , t . ' '
me process is a natural one de
veloped through long experience to
meet conditions. It is entirely beyond
control either by producers or by the
refiners. 'The rate at which finished
products move into channels of con
sumption is the determining factor in
all prices, not only of the crude but
of the finished products. There is at
all times the freest play of economic
factors.
Back of all prices of finished pro
ducts is the cost of the crude oil.
When that advances there must soon
er -or later be a corresponding ad
vance in prices.. When it declines
the saving is reflected at the most
remote road side pump.
COME, LET US
REASON TOGETHER
On August 23. 1924, at' the close of
the Geo. W, Scbrcn School of Music
held jn 4 Franklin; there was organ
ized a fraternity? known as the ' Ma
con 'County -Singing Teachers' Fra
ternity, its object being to promote
Ihe singing interest in Macon
County. It is therefore hopeyr-hat
every singing teacher, and choir
leader in Macon County will conie
together and join hands in this
great undertaking. There was also
adopted in this organization an all-
day singing to be held every three
months, with the different churches'
of Macon County. It was therefore
voted and agreed upon that) the first
of these singings would be held with
the "Holly Springs Baptist, Church
of Macon County, on September 14,
1924, it being the seoond Sunday of
September, 1924, and what is ex
tended unto one is extended unto all.'
and that is a cordial invitation.
Come make a joyful noise unto God.
all ve lands : sine forth, the honor ot
His name: Make His praise glorious.
for-it is said, that all the earth shall
worship Thee, and shall sing unto
Thee, they shall sing to thy name.
Also let us sing of the mercies ot the
Lord forever. With our mouths let
us make known His faithfulness, to
all generations. O come let us sing
unto the Lord: let us make a joytul
noise to the rock of our salvation. O
siuer unto-the. Lord a new song, sing
unto the Lord all thc earth, sing unto
Ihe Lord, bless His name; show forth
his salvation from day to day. And
again sing unto the Lord a new song;
for he hath done marvelous things:
Now if these things were good for
the children of old, I am made, to be
lieve they will be good for us of to
day ; therefore let's all meet at the
above named place .and make it one
of the best days that old Macon has
even seen in singing praise unto our
God. There will be some short talks
on the kind of music that should be
used in our churches and what kind
of a character a person should be
who teaches and conducts choirs; it
is also hoped that there will be sev
eral of our ministers of Macon with
us on this day.
. Written by the suggestion of thc
above named organization to the
Franklin Press for publication.
W. II. D ALTON,
1 . Secretary and Treasurer
"Don't Hit Me, Big Boy!"
The other day an automobile was
driven along one of the streets of
the city, says the Columbus Enquirer
Sun, and the following printed re
quest on the cover of thc spare tire
attached to the rear end was ob
served : "Don't Hit Me, Big Boy."
Although in passing it might be re
garded as nothing more than a slang
phrase, when you come to think of
it, if means something. The driver
of the car is in your lead; he is trav
eling along, let us assume,' at a le
gitimate rate of speed; he is not vio
lating the law, and all that he asks
of you if you are driving behind him
is not to hit" him, or rather, not to
bump into his car.
And that means don't break or
smash his property; don't wound or
maim or possibly kill someone who
may be in his car by disregarding his
rights, violating the law and running
into his machine.
This request is made in a jocular
sort of way; it may cause you to
smile, and accordingly ftut you in a
good humor; and you surely would
not have the heart to run into a fel
low who makes you laugh; ' '
. "Don't Hit Me, Big Boy." Rcmem
ber that, whether you see it on the
back end of an automobile or not. It
may prevent damage to your car and
injury to yourself and others who
may be riding with you, to say noth
ing of the car ahead and those who
are in it.
"Don't Hit Me, Big Boy." .
Keep that, in mind when you are
driving your automobile. Exchange.
CO-OPERATIVE CATTLE SALE.
Since the first six co-operative
poultry sales were so fcsuccessful, it
has been suggested that we hold a
co-operative cattle sale on the plan
that has been followed so success
fully at Spruce Pine, N. C, for the
past few years.
If you have cattle for sale and are
interested in this plan of trying to
get more money for your cattle,
please drop me a card at once, giv
ing the number and description of
the cattle you have' fbr sale.
JOHN V. ARRENDALE,
County Agent.
Administratrix' Notice.
Having qualified as Administratrix
of Butler Jenkins, deceased, late of
Macon County, N. C;, this is to notify
all persons having claims against the
estate of said deceased to exhibit
them to the undersigned on or before
the 11th day of August, 1925, or this
notice will be plead in bar of their
recovery. All persons indebted to
said estate will please make imme
diate settlement.
This 11th day Of August, 1924.
. .' JENNIE JENKINS,
S5 ; ; ; 1 Administratrix.
STARTING HOME.
In my last I told of riding out of
camp.
I should have told first that in the
general camp there was a good mule
that could not be ridden. It Was pub
licly announced that to any man that
would ride it home was welcome to
it. No sooner said than a Johnsy
Reb climbed on his back and told
Viiin tn an This hp nromntlv did. and
...... .v, -- -- r- v-i - ,
as promptly Johnny was laid in tW
sand. He at once climbed onWs
mule with the same result. He went
out of sght, alternately riding
and getting up out of the sand. I
never knew how it ended. ,
When I was ready to start home it
was a real question what would save
me from the mule's sharp back. One
or two oFd army blankets and my
overcoat solved it. But what about
stirruos? My experience in the
country came to my relief, and said
make them of hickory bark, which 1
quickly did..
It seemed very difficult tor my
steed to keep up with the procession.
I . feared he was very weak, as well
as rccr. -
So when we had fallen well behind
I dismounted, did up my traps, and
turned him before me. He looked
every way to see if he were really
loose. .Being assured, he loped oil
glibly,, stopping to eat grass occas
ionally, being sure to steal on again
before I came up., At last he. was so
well entertained by good grass, I
took advantage of his blindness and
caught him. He raised his head in
great surprise to find himself in
custody again. I provided myself
with a good withe and was soon up
with my ..company. After that I had
little trouble to keep up with my
crowd. .
I found an. axe one day in the road,
which I exchangeel for food for man
and beast.
The friendly trees and starry skies
were our covering. One night a
clever farmer let us use his barn and
loft. I had a' great surprise one
night 'for supper when a friend, I
think Mr. Mark McCracken, gave me
a real cup of coffee and a generous
slice of lht bread. It tasted so good
I seem tp taste it yet.
One day at noon we found our
selves in front of Col. Hamilton
Moore's gate, six miles this side of
Asheville. We' called for dinner,
which was promptly given, though
something to eat was very nearly as
precious as gold dust.
Immediately .after, being nearly ex
hausted, I lay down to rest. All too
soon it was said "It is time to go."
I said, "Boys, you will have to go
without me. I can't go any further."
I saw them do whtit I would rather
have done than anything in the
world start home.
But there was some compensation.
Col. Moore s good Christian wife was
my own cousin. How they both re
ceived me with such open-hearted
hospitality that it was a balm to my
wounded spirit. Then the Colonel
had a brother, Dr. Jim (.bless his
memory), a returned soldier, making
a crop on his father's farm a mile
away.
He was soon called and brought his
entire stock "of medicine, consisting
ot a bottle each or turpentine and oil.
But better -still, a genial heart and
cheerful spirit. - T. R. GRAY.
Notice of Summons.
North" Carolina Macon County.
In Superior Court Before the Clerk,
Withan Penland and Wife Sada
Pcnland. Vernie Rush and husband
G. W. Rushk Lawrence Penland and
wife Cordia Penland, Sible Penland
by her next friend Lawrence Pen-
land, and Callie Penland
vs.
Earnest Penland and wife Annie
Penland, Mae Lovelace and husband
William Lovelace, Bulan .Bryson,
William Bryson, Edna Bryson, Grace
Bryson, J. B. Bryson, Gertrude Bry
son, Marie Bryson, Bland Cabe and
husband Hernie ' Cabe, and William
Penland.
The non-resident defendants Mac
Lovelace William Lovelace, and
William Penland," will take notice
that an action entitled as above has
been commenced in the Superior
Lovrt of Macon County, to sell the
lands - cf which Henry A. Penland
died seized for partition between his
heirs at law; and the said defendants
Mae Lovelace, William Lovelace and
William Penland will huther take
notice that, they are r jqu red to ap
pear before the undersigned Clerk of
:ne aurenor court ot Macon Lounty
N. C, at office in the Court House, in
the. town of Franklin, on the 10th
day of September, 1924, and answer
or aemur to the ctfmplaint or petition
now on file . in said office, within
twenty days from said date or the
relief demanded will be granted.
Done. at office this the 11th day of
August, 1924.
FRANK I, MURRAY,
Clerk Superior Court, Macon Co.,N.C.
R. D. SISK, Atty for'Plff. ' SS
Card of Thanks.
We wisii to thank our many friends
for their kindness shown us during
the serious ulness and death of our
dear brother, P. H. Justice, who died
August W, 1V24. ! v
. MR. AND MRS. J B. JUSTICE:
- MR. AND MRS. B. W. JUSTICE
AUCTION SAL
Tuesday, Sept. 16th, 1 P.M.
lJi 11 llUllLajV lliuiu wnvvv,
170 feet on Palmer Stteet, 300 feet deep.
Will be divided into small business lots
and sold at absolute auction.
' This property now owned by J. A.
Porter and W. L. Higdon.
The house on this property will also
be sold at public auction, successful
bidder to remove same.
This is your chance to secure val
uable property right in the center of
town, at your own price.
Terms, one-fourth cash, balance in
one, two and three years.
0GLE8BY . REALTY AUCTION CO.
Ansley Hotel, Atlanta, Ga.
I in ii i ! , nvr i f r , rm ,, ,
; u-
SODA FOUNTAIN TOBACCO, CIGARS
FRANK T. SMITH
PRESCRIPTION DRUGGIST
Is it not Worth a great deal to you to know that
if your prescription is rilled by me that it is filled
right. I have only the purest drugs and my prices
are reasonable. .
Thirty years experience.
KODAK DEVELOPING TOILET ARTICLES
SPECIAL
Sale on Watches, Jewelry, Etc.,
For Two Weeks.
GR0VER JAMISON
Renew
the life
wf vmif
roof
Carey Fibre Coating contains preserva
tive oils that penetrate every crack and
pore of the . composition or gravel roof,
making the dried-out roof tough and elas
tic once more. Let us know your roof area
and save your roof before it is too late.
Franklin
a in trppr
RL.
General Merchandise
LIVE STOCK
OTTO, N. C
Buy tan bark, pulp wood, chick
ens, eggs and other produce.
See Me For Bargains.
mi 9 .- Wm .