FRANKLIN, N. C, FRIDAY, MARCH 13, 1925.
MACON COUNTY B.& L ASSOCIATION
HAS ACCOMPLISHED MUCH GOOD
THE CLUB MEMBERS ARE ENTHUSED
OVER THE EXTRA LARGE PRIZE LIST
Many Homes Erected Sav
' ings Accounts Established
Read of the Opportuni
In 1922 there was founded in Ma
con County an institution that does
not seem to be very widely-known,
but every one should be familiar with
'he work that it is doing. What the
Federal Loan systssi does for the
farmer, the system of Building and
Loan, Associations, which 'has been
built up in North Carolina is doing
for the home builder, and. more.
Like the Federal Farm Loan -system
its loans are made on the amortization
plan. Elsewhere in this iSsue appears
an explanation of the Farm Loan
system by Mr. Cabe, its local secre
tary. The Building and Loan and
Federal Farm Loan systems are alike
.in that they both loan on the amorti
zation plan, taking as their security
a tirst nen on real estate, ine man
ner of securing a loan and the re
quirements to be met in each instance
are very much alike. The essential
differences are :
1. The Federal Loan covers an
amortization period of 33 years; the
Building and Loan covers a period
of a little more than six years.
2. Under the Federal Farm Loan
system only 50 per cent of the ap
praised valuation of the land is
loaned; under the Building and Loan
system 66 Z-3 per cent is loaned,
3. The Federal Farm Loan system
ts designed to meet the repuirements
of the farmer toward the successful
equipment and operation of his farm.
The Building and Loan is designed-to
meet the requirements of those de
siring to own their own homes,
whether they be farmers or not.
4. The Federal Farm Loan is "out
side" luoney. The Building and Loan
loans lo-al savings
' The Building and Loan . does not
work in opposition to the' Federal
Land Banks, or either of the local
banks, for it handles a class of loans
and a class of savings accounts that
the loa! banks do not care to, and
are not equipped ' to handle. The
Building and Loan is at once a me
dium through which a systematic
savings account may b.e accumulated
and through which loans may be se
cured with which to purchase, build,
repair, or pay encumbrances off of
home. None but members of the
local association may secure a loan.
Any person, and, the' State law
makes a minor over tw ?Jve years of
age competent to contract, with
P.iiilrlinar anrl . I nan A CQficiat inns px-
.ti.i. - - -
cent as to loans- may become a mem
ber of the association by taking one
i e i i- a :
Or more snares or stock. savings
account is immediately started. On
each share the shareholder pays 25c
per week.i These payments may be'
made monthly if the shareholder
prefers. At the end of the year the
accrued interest is added to the
amount so paid in. This runs until
the instalments paid ana tne accrued
interest amounts to $100.00. . Then
the share is matured, and is paid the
subscriber.' The amount paid in as
principalis approximately $83.00, the
accrued interest making up the re-'
maituler. It takes a little less Athan
gix and a half years for a share to
Suppose you want to secure a loan.
' This money is loaned to the mem
bers as it accumulates at 6 per cent
interst, for the purposes above enum
erated. The loans are made in re
gard to priority of application, or
"first come, first served." Your ap
plication is passed on by the Board
of Directors. If favorably passed
"the Board of appraisers fix the value
or tne property oiterea as security,
and if themount of the loan desired
floes not exceed two-thirds of the
value of the poperty, the loan is
granted, subject to the report of the
title examiner.1 If the title is found
to be good,- the borrower executes a
deed of trust to secure the loan One
cannot borrow on 'more than the
amount of stock he carries. For
example, if you carry ten shares of
' stock, you cannot borrow more than
$1000.00. . ' : : , ..--'v
" Oh this loan you pay , the interest
each week, or by the month, as you
' prefer. You also continue to pay
the instalments on ' your stock.
When your stock matures, is worth
$100.00 on the share, it is taken by
the association and your loan, paid
off with it., A person may give lib
erty bonds as security as well as
Teal est?ie. '
: Your savings in the Building -anti
Loan, by State law, are not subject
to taxation. The Macon Countv As
sociation issues a second form
stock -wich-is -different from the .form
above explained. This is known as
paid up stock. This stock is issued
in denominations of $100.00 per snre
and bears five and a half per cent
interest payable semi-annually on
January 1st, and July 1st, of each
year. This class of stock anay be
withdrawn on any interest paying
period upon giving thirty days notice.
This form is also non-taxable. Sub
secribers may withdraw their com
mon stock at any time upon giving
30 days notice.
The local Building and Loan has,
during the short period of its ex
istence, already rendered a vast ser
vice to home owners in this county.
A numebr of homes have been built
that would not have been built with
out its assistence. Others have been
repaired, and from others the mort
gage is steadily being lifted. The
service that it will render in the
future depends upon the support that
is given it. .
If you have a $500.00 lot of land the
Building and Loan will loan you
money with which to build a $1000,00
house on it, and you pay it back at
the rate of $2.50 a week plus interest.
In less than six and a half years it
is all paid for.
If you own a $1500.00 home and
owe $1000.00 on it,, the Building and
Loan will lift your mortgage, and
you pay them back at the same rate.
If you have a child that you wish
to send to college later on, ten shares
of Building and Loan stock, or $2.50
per week will enable you to send
the child to college.
If you have ready cash you wish to
invest, Building and Loan paid up
stock will be hard to beat, as a safe
If you want to put aside something
each week or month, in addition to
what you have.alreaty saved, noth
ing offers you a more satisfactory
service- than the Buildiffg and Loan
ar.tl you; get' .; interest : compounded
rm.vi&lly on your savings. These
savings are also non-taxable.
If you don't , own a foot of land,
if you don't own a thing but tbe
clothes on j-our back, if you just
naturally can't get ifltartr'bat 'want
to, the Building and Loan will gladly
give you a start.
Miss Helen Moses and her brother
Carl of the Cullowhee School, spent
the week-end with their parents,. Mr.
and Mrs. D. J. Moses.
Mr. and Mrs. Fred Mincy, Mr.
LesterMincy and Mr. Carnegie Greg
ory came in frdm Gastonia yesterday
afternoon. They report that business
is' not quite so good down there as it
has been during much of the pst
vcar. .;- ,
. Mr, Jim Webb and fa:n;:y . liave
moved. back tvom Gatonia, tco.. Here
haifclsiwke vi welcome for all of
our ok Iftoghbors who return. '
Mr. Pefer Moses has just purchased
a new Ford. He and his brother will
probably 'have ' a great deal of fun
while learning to contoj the , machine
to best. advantage.
Mr. Clint .Donaldson is visiting
friqnds on Ellijay. '..
Mr. W. M. Peek retimed. a few' days
ago from a visit with his son Avery,
who lives in Sunburst. .
Messrs Fred and Canton Henry
made a business trip to East La port
a few days ago.
A considerable part of the peach
crop that we hoped to have this
year has been killed by the alternat
mam and cold days.
A number of our Ellijay people have
paid visits to Mr. Holt's .singing
school at Mountain Grove. Plans are
being developed for a singing school
here to be taught by Mr. Holt after
he finishes at Mountain Grove and
teaches for tendays in Highlands.
Thejjinotto of the Press once was
"Progress and a fearless pen." We
hope: that the pesent editor will con-
'tinue'to live up' to that slogan.
Mr. and' vMrs. Earnest Dills and
Earnest's sister, Hallie were visiting
at Mr. and Mrs. Jno. T. Henrys last
Saturday and Sunday. ,-.
' r Tommy on Twins
A boy's composition on Twins:
; "Twins is a baby, only, its do ibV.
It ususally arrives about 4:37 in the
morning, when a fellow is getting in
his best licks sleeping". Twins is
accompanied Jjy excimcnt and a doc
tor. When twins do any thing wrong
their mother can't tell which one to
licjc. sohe gives it to 'em both to
make sure. -We got " twins at our
house and I'd swap 'em any day for
an airdale or most anything.'.V-Boston
j Transcript. v
FOR BALL TEAM
Money Is Now Being Sub
scribed to finance a BaF
Team Grounds Are to be
A good baseball team is one of the
best ways to advertise a town. Pros
pects now appear bright for Frank
lin to have one of the best teams in
this section of the state during the
coming season. Already a thousand
dollars have been subscribed hy
forty citizens of the town to this end.
Enthusiaism is running high ana
subscriptions are being received
daily. ' ' "
Jt is the intention ot those m
charge to build a .fence around the
diamond on the river and erect a
grandstand. It is believed that a good
team will finance itself. Those who
ar: l cv subscribing $25 each are
doing so with the understanding that
this money will be returned to them
in the event tht gate receipts so
The services of an excellent pitcher
and a good catcher have been prom
ised as have the' services o1 some
infielders and outfielders. The nu
cleus of a good team is thus assured
Scouts are now busy scouring the
country for good baseball material,
Let's all get behind this proposition
and secure a good team for our town.
Mr. Horn Is Back
Representative A. W. Horn of Ma
con County returned from his legis
lative duties at Raleigh last Friday
Due to a slight attack of HlncsssMr.
Horn was given permission to', re- j
turn home a few days before ad-j
Mr. Horn made an enviable repu
tation in the legislative -halls of the
State -and ...talks-cinterestin-gly , of 4he
various bills that were passed and of
those that were defeated.
Mr. Horn was a member of the
important Finance Committee of the
house whose duty it was to raise
sufficient revenue to pay off the State
debt. In this connection what im
pressed Mr, Horn more than any
thing else, was the patriotism of the
business men, and big corporations ot
the State. Representative business
men and, representatives of the big
corporations x . the State "appears
before the committee and voluntarily
agreed in most cases, .to pay three
times the taxes they are now paying.
So long'as the State is'' supported
in this manner it is on-'usolid foun
dation. Central -Meeting Methodist
Our Centra! meeting for March was
held at., the parsonage with a large
Reports from all departments were
given. AH officers but one were
It was decided that the Central
meeting be held once a quarter in
stead of once a month, hereafter.
The meeting to be the first Sunday
of the quarter.
The Educational Class was organ
ized to meet twice a quarter. The
meeting for March will be with Mrs.
Zeb Conlcy, Thursday, March 19.
The Young People, with Mrs. Tom
Porter, leader, are meeting once a
month on Sunday evenings . at the
church and having a social meeting
once a month at the homes. There
is a good attendance at both meet
ings and these young people are or
ganizing a Sunday night choir, and
are active along other lines of church
The Juniors, tinder the leadership
of Mrs. Gus Leach and Mrs. Robt.
Shields, are meeting regularly with
a good attendance, and are getting
very much interested with these good
leaders. .. -
The work with the young people
and juniors can not be estimated for
the harvest of these good seed sown
--for "The world moves forward on
the fee of little children."
The parents of both young people
and juniors are invited to meet with
them and encourage these faithful
SUPT. STUBY AND PUBLICITY,
A LETTER FROM MRS.
J. V. ARRENDALE
Mr. S. A. Harris,
Editor Franklin Press.
Dear Sir Replying to your letter
asking if I were interested in the
beautifying of the school KTOiincls
and my idea of how this shouid be
done I will say I am heartilv in favor
of this work being done. fhc sooner
tin better, for the first impression of
that property is very depressing to
say the least. Not a citizen of this
town can feel proud to show the
school property to a cultured
fii?ngcr. It is -nothing short of dis
grace; but as to how to get about
doing this work I am at sea and am
earnestly seeking advice along that
Mr. J. M. Gray last fall advised us
to plant the whole ground, in grass
and let it be ready for a landscaoe
gan'uer when we could secure t!Te
stmces of one.
Mr. Ak S; Redding was kind
enough to look the grounds over and
wrote me that practirally nothing
need be done until tl:e humps w?re
removed and holes filled to make a
smoother surface .and. then rave the
grass planted. Anything else under
taken before the grass 'planting would
be a loss.
To ei a road, a hard-surficr! yard
(grounds started in the way of im
provement was the goal set for our
association for this year when I was
elected president but although I have
done what Seemed ,my best, nothing
tangible has been accomplished.
However, I ain not entirely dis
couraged. There are a 'faithful few
whom I can count on. and your in
estimable service through your paper
spurs me on to more determined
" Earnestly yours, ,
MRS. J. V. ARRENDALE,
Pres. P. T. A.
W. L. HIrDON RESIGNS
On the 25th of February Mr. W. L.
Higdon resigned hi office as Alder
man. Hon. Sam L. Rogers was
chosen by thetown board on the 7th
day-of Match to .serve .the "unexpired
term of Mr. Higdon.
Mr. Will Moses of Jackson county
was visiting relatives here Sunday.
Saturday Mr. Roy. Keener brought
his wife and little tiny daughter, Vir
ginia Annett from Cullasaja up to his
father's house, Mr. W. A. Keener.
Both mother and baby are is very
poor Jicalth. We hope each may
grow stronger as the days go by.
Mr. J. D. McCoy of Gneiss was in
our community on business recently.
. Mr, Wjllie McCoy; has moved his
family from Mr. Tom Fore's home up
to his old home.
Mrs. Jim Keener was visiting Mr.
and Mrs. J." D. McCoy Saturday at
A number of men arc making
"starvation peps" as they call them
pud are sealing them at the milt at
the mouth of W alp ut Creek.
Messrs. C. N. Jones and W. A.
Keener, who are at work in Jackson
County on the State Highway spent
Saturday1 and Sunday at home.
Aunt Ann Jones arid Miss Katy
Jcnes spent Saturday night with-Mr
Jake Henry's family on Ellijay. They
report as having a fine time.
Quite a number of farmers and
farineretes report raising-one or two
fine hogs. Why not start at once and
see how many farmers in Macon
County can raise pigs this year?
Meat is going to be scarce and high
owning to the shortage of hogs, so if
we could get busy and raiseu enough
to- supply home., consumption, we
would beat what has been done in
People of Macon, can we not pos
sibly raise enough hay and roughness
to do us if the season is favorable?"
It seems too, bad, for us to import
hay corn and shucks when we could
raise them at home every year that
the seasons are favorable. Let's put
our brains to work and plan our
work, and work our plans. . ( ,
"A Franklin Quarter"
I am twenty-five cents.
I am not on speaking terms with
I am too small to , buy a " quart of
I am not large 'enough to purchase
a box of candy.
I am too small to buy a ticket to a
J I am, hardly fit for tip, butbelieve
me, when I go to church on Sunday
I am considered some money' The
Christian Evangelist. (St. Louis)
Big Advantage Comes With
Early Start Now's the
Time Many Communi
ties Without Members.
Don't forget this is "Nomi
nation Week" in the Circula
tion Campaign. We extend you
a special invitation to send your
name in and participate in the
most talked-of event in the his
tory, of this section The Frank
lin Press Circulation Campaign.
Nothing counts so much in life
(except success) as determination to
succeed and quite a number of per
sons have already entered the Circu
lation Campaign with a determina
tion that bespeaks success.
There is plenty of room for more
workers, as the more there are in the
race the easier it will be to win the
work will be more evenly divided
among all, and consequently it will
take fewer subscriptions or votes in
order tor one to gain a majority.
Evvery town, hamlet and , village
should be represented in the Circula
tion Campaign . and several "soft
spots" we mean towns where The
Press is greatly in demand, , have
been overlooked thus far and have no
representative entered, up to the
present time. It is an easy matter
iui uuc iu gain uie suppun oi an
entire community in -a competitive1
enterprise, such as the Circulation
Campaign, provided of, course, they,
get off right and impress the said'
community with their determination
to finish high in the lis't. V
The start is the necessary thing,
and it cannot he; impressed too forci-i
bly upon the "minds of those who ev-;
pect to enter . the race that an early
start means victory. People like to
vote for the winners, and those who
entei now and show a determination,
to succeed will merit the support of
The Circulation Campaign Ins the
endorsement of the entire commum
ty. It has met with the hearty ap-,
frovsl- of all, and the enthusiastic1
manner in which it has been received
is unprtcf. dented. The Press is not
attempting to decide the most popu
lar man or woman, there is nothing
about- the campaign that savors of a;
''cor'tcst." It is simply a dignified
method of winning a big reward for
o te':- spare moments put to 'good ad-j
vantage. The campaign is such that
the ones who do the work and ac-i
ccmplish the best . results, get thei
best pay. The same applies to every
line of endeavor, , regardless of ita
natnre-the r-"result getters" are the)
ones who receive the mpst attractivei
checks and the heaviest and healths
iest pay envelopes.
We want YOU'to enter the Circu
lation campaign-. We have a suspic-;
ioii that you,.8re fuljy aware of the
possibilities pffered you by it. $e
yond a shadow of 'a doubt,' you will
pass up onc'of the very best oppoH
tun ities you 'i will ever have if you
fail to1 enter the race' and compete
for the big prizes. Could you imagine
ai.eaiert method of acquiring a fully
equipped n Chevrolet touring car
valued at $650.00? .. . , : ,
Pages devote( to praising the
Chevrolet could not heighten the
public opinion of this wonderful
automobile. It is the last word in
motor car construction, and ncasly
everyone's ambition is to own one at
some time or other. -We 'are going
to give one away and the winner or
this .nragnificient; pri::f will have no
investment whatsoev . with the ex-i
ception of spare ti ve devoted to
taking subscriptions t; the Frankliir
Press. : '-'
It is a bad word It .will always
keep you from doing things espec-;
ially-things like', this that . reallv
count.' Just a little thought and con-
'l --..4; ..-II . il . .1
siueijdiion. win convince you mat 111c
Circulation Campaign is really yoiri
opportunity it may mean the be-
Two thousand dollars in speed -and
luxury and power - and beauty an
array of prizes never "equalled in any
similar; event- is this or ; adjoining
counties, even the other prizes are
well vvirih tne spare hours one would
spend, in winning one of the hand
some grand prizes. Don't postpone
your entry too long each spare hour
spent this week . means perhaps
thousands of votes and a fine auto
mobile after the campaign actually
'K'gin;-. "Procrastination is the thief
cf tiuifc" vcfv truthful words, hi