Newspapers / The Franklin Press and … / Dec. 18, 1925, edition 1 / Page 5
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gy CUT OF THE HCS J ? VOLUME XL FRANKLIN, N. C, FRIDAY, DECEMBER 18, 1925. NUMBER FIFTY-ONE. BUILDIND AND LOAITRECORD Rapid Growth of Building and Loan Associations in North Carolina Valuable Service Rendered The state of North Carolina in re cent years . has experienced a rapid growth in building and loan associa tions. From 1920 to 1924 the number of associations in this state, as shown in a table published in the "North Carolina Commerce and Industry," ' has increasedt from 180 to .243, the number of share holders from 57,526 to 81,474, the number of shares from , 831,404 to 1,516,630,. the amount of re ceipts from $23,516,650 to $50,229,306 and the volume of assets from $29, 368,115 to $70,248,819. In 1924 these 243 associations financed the build ing of 7,684 Homes. , Service of Building and Loan It is estimated that building and Joan associations in 1924 aided 400,000 people in the United States to buy or build homes. In our own state, rap idly becoming industrialized as it is. a very valuable social service is being rendered by these associations in holding down the number of tenants and iiv developing a better class of citizens' by aiding the development of that pride and attachment to the community which comes from home ownership. ' Although building and loan associa tions were established primarily for the purpose of affording easy and convenient means by which tho.se. who wished to build and own their own homes .may do so, nevertheless they present a very attractive oppor tunity to those who wish to save for some other purpose, of for no definite purpose at all, but simply to prepare for a "rainy day." Features of Investment In considering any investment the features receiving the most attention are security, 'yield, and marketability. Usually when any given security is "long" on .one of these it is "short" on one or both of the others. A United States bond, for example, af fords 100 per cent security but its yield is . correspondingly low. The yield on oil stocks is often very high and just as often the risk is great. It. would be very difficult to find any one investment which combines to as large a degree these three de sirable qualities as does stock in a building and loan association. ; Building and Loan Losses. One is accustomed to think of banks as being exceedingly secure, and so ,theijq.re( but building and loan asso ciations are even more so. From the tabic; taken from the 1925 annual re por): of the secretary of the United States 'League of Local Building and: Loan Associations, it is seen that 'duririg the past five years the losses of the building and loan associations did ' not amount to as much as one hundredth of one per cent of the to tal resources in any one year. During the same period the losses of state commercial banks ranged from .17 to 1.29 per cent of their resources. This Splendid record for building and loan associations in the United States is excelled in North Carolina. There lias not been a single loss during this five-year period in this state. The , small ratio of losses by building and loan associations is to be explained by the fact that prac tically all of their loans are secured by real estate, usually on a 60 per cent basis, and in most cases are made to people , who are building their own homes. This makes the loan practi cally sure.' Marketability, although not so im portant in all cases' ,s a desirable fea ture. Investment in building and loan associations is high in this re spect, although not as high as stocks and bonds listed on the New York Exchange. Any one stockholder de siring ready, cash at any time may borrow from the association up to 90 per cent of the money paid in. He .may withdraw all he has paid in at any time, but if this is done he will not draw interest at the same rat as if the money remains in until the stock matures. Yield on Building and Loan The yield on this class of invest ment "is higher than from United States, state, county, or municipal bonds,, with which it compares , in security. The average yield is prac tically 6 per cent net, no fees for placing the loan or examination of title, etc. Moreover, this is tax. free, a feature in itself worth from 1 to 2 per cent. Also there is an intangible aimt Hears troii the I - Kiddies .. h T'CT f, 4 ban. f V ''(. :'.;. . ' . ''ji' 1 1 R ff' 1 I ' . !.'. Radio on Farms The radio is fast becoming popular in rural sections. Along the Hue of the railways, the aerials tha$ once were strance sights are now almost continually in evidence. In the more remote districts, the proportion of homes having radios is probably even greater; and there is a reason for this. Very wisely, the federal govern ment, through the Department of Ag riculture, early in the game began to take advantage of the news-spreading opportunities afforded by the wireless telegraph; and obviously the department confined its activities to items of interest for the farmers. Every afternoon, weather reports are sent through the air, forecasts for the following day. Every afternoon, the prices at various markets are broadcast. News ofany sort relating to agriculture accompanies these fixed reports. The farmer in the remote sections is thereby put on a parity with the man in- the neighborhood of the city with its regular editions of morning and afternoon papers. So much for the business side of the news service ; but there are other inducements. At virtually any hour of the day or night, the owner of a radion can "tune in" in a program of lecture pr song recital or orchestra or' band concert. The little receiver goes far to banish the monotony of farm life. Southern Planter. Glee Club to Sing Sunday morning during the excrr cises of the Wesley Bible. Class at thf Franklin Methodist . church a glee club of 12 members will sing several songs. This class is growing won derfully fast in membership. Thi? teacher, Mr. A. W. Horn, always en deavors to make the lessons not only instructive but entertaining. Here after special features such as the glee club singing will be a regular part of the Sunday morning exercises, A cordial invitation is extended to all. yield the satisfaction which results from the knowledge that the money put into the association tas been in vested in human welfare and-happiness. 'This form of investment possesses another feature found ; seldom else where. The amount invested may be as small as you please and may be paid in every week or every month, if desired. This feature makes the in vestment especially convenient for the salaried man. It tends to : de velop systematic habits if they are not already formed. , J. MERRIT LEAR. . Farmers Will Hold Meeting at Asheville On Thursday of this week repre sentatives from the county boards of agriculture of the mountain district met in Asheville to make a long time agricultural program for this section Mr. C. S. Slagle1, Mr. C. VV. Hen derson, Mr. J. D. Burnette were tc represent Macon county.' , County Agent Arrcndale and As sistant County Agent Artz were to attend a meeting of the county agents of the Western District at Asheville on Wednesday night and be present for the farmers meeting on Thursday Do You Konw? Whether your child's teacher has had adequate preparation for her work? , Whether your child's teacher is paid a living and saving wage? - How many new teachers are needed in your school district each year, and why? How many children in your city are attending school part time? How .many new school buildings arc needed? Whether efficient use is made of the school plant? Whether the school board, inlivid ual board members, or committees are attempting to do the things the superintendent is employed to do?. How many hours your child at tends school out of the 365 days a year, and how many he spends play ing in the streets? . Whc.ther playgrounds are provided so that the children need not play in the streets ? Whether there are-evening schools in your city, 'and how well they are attended? Whether the comoulsorv school at tendance law is enforced? ' Whether provision is made for health instruction? How many children in 'your town ship or county are attending one- room schools? How many of these one-room schools could be abandoned and formed into a consolidated school? Why school costs have increased since 1914? Whether the unit of school admin istration is such that adeauate sup port and professional management are possible? whether your chudrenis teachers have the advantage of professional supervision? What the clans of vour superin tendent of. schools' are for the im provement of the schools? ' ; ' FRANKLIN HIGH SCHOOL NEWS Furnished by Lanier Literary Society YOU CAN. If you think you dare not, you don't. If 'you think your'e beaten, you are. If you like to win, but think you can't. It's almost a cinch you won't. If you vthink you'll lose, you're lost. For out in the world you find ... Success begins with a fellow's will; It's aM in the state of mind. i Full many a race is lost Ere, ever a step is run ; And many a coward fails Ere. ever his work's begun; Think big, and, your, deeds will grow; Think small,' and you'll fall behind; Think that you can, and you. will. It's all in the state of mind. If you think you're outclassed, you are ; You've got to think high ..to rise. You've got to be sure of , yourself before . You can ever win a prize.' Life's battles don't always go To the stronger or. faster man, But soon or late the man who wins Is the fellow who thinks he can. Exchange. M. L. F. '26. School News. Some of the members of the high school with the assistance of Pro fessor Bramlett , and some of the teachers, gave an entertainment Fri day night. The numbers on the pro gram were picked from some of the Sociely programs and morning exer cises. It was quite a success The money taken in was $56.00 which will go for books for the library, for the Literary Digest to be taken for the hirrli .jrhool and other things. After the program a cake was sold for the most popular girl in l-rank-lin, ancl Miss Mary Louise Porter proved to be the lucky one. The cake was sold for $26.00 Tlii second vear class of home economics entertained the seniors mvallv at a six o'clock dinner Thurs day evening at the school house. The v,'nitnrs were dressed very clever ly as Christmas' packages and served a delicious dinner indeed. This is one of the busiest times of the year for the students who are all studying for mid-term exams. Those who haven't been studying are trying to make up for lost time. It had hotter be reciuested that tne pow er plant stay on all night as some of us surely have to make use of "the midnight oil." . Jokes. "A girl can be gay in a little coupe ; In a taxicab she can be jolly, But the girl worth while, -Is the girl who can smile When you take her home on a trol ley." Mrs. Sloan "Oh, Bobbie, you don't mean to say that horrid Dowdle boy has given you another black eye?" Bobbie "Yep, but I don't care. I come nearer lickin' him every time." Waiter "Yes, sir, we're very up-to-date. Everything here is cooked by electricity." ' Diner "I wonder if you would mind giving this steak another shock?" ; "Thrown up. your situation?" "Certainly I am about to marry.'J "Do you propose to live on love?" "No; on my love's father." Customer : (in barber shop) "Cut all three short." Barber "What three?" pr "The , beard, the hair UJIVI41V and the conversation." A. M. C. '26. Farm Survey Prof. G. W. Forster, head of the Department" of Agricultural economics at the state college-.- Raleigh, together with Mr. J. M. Gray, general super visor .of the county agents of the state, were in, Franklin Tuesday con sulting with Mr.;. Arrcndale relative t3 a farm survey of the county. Mr. Forsfer will return during the last week of the month and visit farmers of the county in connection with this survey. Complete details of this wojk ium11: annwr in" next week's Press Macon county is the third county of Be sure to" read about this matter in the, next issue of the Press. DODGE BROS. INC. REDUCE PRICES Company Announces Reduc tions on All Motor Cars Big Expansion Program Makes This Possible. J. S. Conley Motor Company, local Dodge dealers, have just received a telegram from Dodge Brothers, Inc.. announcing a tremendous price re duction on all motor cars made by company. The exact amount of these reductions will be made known on January 7, 1926, but will apply on all cars gought after midnight on De cember. 15 and before January. 7, will have the amount of the reduction re turned to them in cash. Dodge Brothers, Inc., have recent ly completed a ten million dollar ex tension to their plant , in thewayof buildings,, equipment, etc. This great program of . expansion has made pos sible the reduction in the prices of their cars. They are therefore giv ing the public the, benefit of a great reduction in . prices. This announcement of Dodge Brothers, made the J. S. Conley Mo tor Company, will be of great inter est to the public of ' Macon county. The County of Light Cleveland has another distinction. It is that of "the county of light.", It was in Cleveland that the move ment for erection of rural electric and power lines was first initiated and the progress made has .been so rapid that the boast is born. The Clcvclanl Star is now bragging over the circumstance that as many as 483 homes of farmers in that county are now provided with electirc lights, and likewise with power for operat ing domestic and barnyard conveni ences in the way of small power plants. These homes are served by 16 lines and the population benefiting is estimated at 2,500. These results have been secured through co-operative work, the farmers financing es tablishment of the lines and the pow er companies supplying the current. Cleveland has led the way in terrace farming and other systems of inten sive agriculture, and it is now leading in a way which in a few years is to result not only in well-lighted rural homes, but in lighted rural highways. Charlotte Observer. What Cleveland county has done Macon cn do. There is no apparent reason, why most of the homes with in a radius of 10 miles from Franklin should not be supplied with electric current. With electric lights in the farm homes and with radio installed tv,o nmhipm of keening at home the boys and girls just approaching man- hood and womannoou wui uc to a considerable extent.- It is not necessary here to go again into the many advantages of flight and power for the homes, of the farmers. What is now needed is for. some one ( or some group in each latpd section of the coun- ty to take the initiative toward build ing electric lines to tne various com munities. Mr. T. W. Angel, Jr., su perintendent of the Franklin power plant will be glad to talk this mat ter over with individuals or with committees. Baby Chicks County Agent Arrendale asks that nti farmrrs who want to order baby chicks or brooder stove? to be used in crowine out the car ; ad of fry- Arc for rh March sale 1 : him know the number and kind o" chicks and the size of the brooder stove wanted by Saturday night, December 26. According to the latest price? rinntpd the babv chicks will cost $15 per hundred and the brooder stoves from $14 to depending on tne size. ,.'' An acrirultural aeent of the South ern Railwnv has nramised to see the baby chicks loaded and ride through with them to see that they ao noi rf tnr lint Of cold on the train and that they do not get chilled in chang ing cars at, junction points. tv. iltav about this matter. The chicks should reach here on Jan uary 21 in order for them, to De ready for market late in March, See County Agent Arrendale about the size of brooder house and brood er stove for the number of fryers you will want to" grow out.
The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Dec. 18, 1925, edition 1
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