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.a. k.o L.4 i, .i . !,! ,
Cop :, . Timber I
Precious and ' Semi - ' ',
prcciouV Cents :
Abundance Cood La!or 1
Facilities J I
Pure, Clear Wafer ;j
Productive Soil 1 ' 1
i 1 i
. 1 t i ry
; V a :uL .
u i ' s c. r e,".3
k & .,1
I.' 2 I. y C tty
Ci .ry, C. . ..ry
C!r?p Electric Power
Law-s Llviiiig Citizenship
sii -fcw fe .A ll
1 aSk Ik t
' - !
FRANKLIN, N. C THURSDAY, FEBRUARY 14, 1929
1 Jlu i i . ; ! (
.... . ,. .. . . t
CsntraiSsceiitieoCo. . "' ::
, Gne of Largest Finance
Will Co-operate in ; Many
Ways in Development of
VV. N. C. -- Wallace B.
Davis is President.
. Asheville Plans of the new Central
Securities company of . Asheville, Inc.,
which were announced here this week,
disclose the fact that this new fi
' nance and holding company promises
" . to be a most important force in the.
further industrial and commercial de
velopment of all Western North Caro-
lmThe Central Securities 'company,
with an authorized . capital of $3,bW
000, starts business as ; one - of the
i : largest finance v companies m tnc
L Southern states,' It was orgamzedy
V Wallace B. Davis and associates and
affiliated with the Central Bank
. and Trust company of Ashevdle Up
to Saturday ; night, ovr $70C WOO of
the' company's capital stock had been
subscribed, largely by present s 6ck
- "holders of the Centra -Bank. .Public
. S of Central Seqmtiei 7 per cent
Cumulative Preferred stock and Com
, mon "B" stock was begun this week
Central Securities company plans
principally to purchase Western North
Caroluia industrial and rnunic pa
tonds and a limited amount of stock
WanU insurance and surety com
ianies Many forms of co-operation
E?in!CL .?-JLaA . . to . present banks
be Hnanced or. purchased by the com
pany neither will real estate bond
S be originated, although real
istate mortgage bonds may eventually
be hanSed as wholesale selling agent
wherf guaranteed by responsible sure
7y coifpanies. An intensive market
ins campaign for securities .which will
oe handled by the company is soon
fo SrSituted in theMiddlewest
where branch offices will eventually
K?Jmd' R Davis, who is president
of the Central Bank and Trust com
pany as well as the aff Hated Central
new wmpMj -"---.i., '-nft
company was prmuHuj
to further the i oasic
Industries -of this section. We ex-
, pect to provide a, financial service
farge enough', and broadly useful
inough to xlaim a vital part a in the
woeress of all Western North Caro
Sd:MrDavis.V "We are high
y optimistic of thesuccess of the new
y .1 - t ot,oii Kp mv ourDOse, and
company. . . . . , .
the purpose of my associates, to de
vote our best talent and effort to
Us magement to the end : that we
may equal the remarkable success
Sat has been achieved by other com-
: panies similar to ours. An 'nvesuga
f ihe earnings ol sucn .com
HUH - .,- .
X? " ,T C v romnanv. the Citizens
and Southern company and the Hi
vmo cjpmrlties company has estab
lished the fact that their earnings
represent a larger return on capita
u,n the earnings of the banks
controlling them." - ,
t:;u .-.f 1 1P Central Bank and
Trust company stated- recently that,
during the 17 years of its cxirtcnc
the bank had earned in cash and
stock dividehds, and in the present
excess of market values uvn up
values, an average of more than JJ
""per cent per annum. A resale market
for Central Securities company stock
will be created by the establishment
of a resale department of the com
pany in Asheville . and the probable
listing of the stock, at some futurr
date, on the .stock exchange of one ot
the larger cities. . .
Officers of Central Securities com
pany are: Wallace u. uavis, y--
dent; Kussch V- j . c a
i larence i(ii-' "" t,,v".
..inlnnf Wm. ). tlar
S .HltlM ' ITW'P II I'MI I 111 ; h
i rrPtarv and treasurer: T. C.i
a,' assistant secretary audi, n rmitPfl iri intrndno. "it is
lJirectors are. v. . ,
15. VV . JHI llrti
R.issell C Davis, Clarence Rankin.
SS1 Bvnum, Wm. IX Harris, F (,
Sawyer, Came N. Jrown,
"hard Dr T. A. Sinclair, b. G- ber
nard D talnh Millard. ChV. A
Tavlor Dr. P.'R. Moale, Chas. frenrh
?oms. Chas. S. Walters George II
Wright and Wallace ,B. Davis.
Did Wind Wreck Home?
Last , week TJier 'Press carried a
news article to the -effect that some
one had attempted to turn over a
home on South Skcenah According
to reports now rcachme 1-rar.khn th'?
''damage was done by high wim. i and
not bv" human agencies, lne 1 rcss
t?!-fS 'i1f?-,:',-r( i'1 nnking this correc
tion. , .. '
In Entire South
MCI UHIS HERE
Retail Merchants of Macon
Organize Hope to Ex
tend Organization to All
Parts of County.
Thirjy retail merchants and others
engaged in the credit business of Ma
con county have organized a retail
merchants credit association. The or
ganization meeting was held Monday
night in the offices of Jones & Jones,
attorneys. Gus Leach, J . E. Lan
caster, J. S. Conley, W. T. Moore
and Joe Ashear were elected as di
rectors and were authorized( tc choose
from among themselves a president
and vice-president.., Alfred K.'Hig
don( was ' elected secretary -treasurer.
The association will meet again with
in a week to adopt by-laws. .
Other business firms in the county
are expected to join. , In all,, the as
sociation hopes to reach a membership
of fifty or more. Not only will the
association protect its members from
the menace of bad debts, but it will
work for lower freight rates and do
other things in the interest of its
tricmbi-is. " '
day night were: Oscar Bryant, .'Jim
Perry, J. W. Street, J. W. Hastings,
D. G. Stewart, Charlie Morgan, Jack
Sanders, Brodie ' Pendergrass, J. h.
Lancaster, Lester Henderson, Joe
Ashear,1 Gus Leach, Alt Higdon, Koy
Cunnincham. T. W. Anccl, Jr., W.
Moore, Roy Carpenter, J. E. Wy
man, Harold Sloan and S, A. Harris.
TO TAKE ACTION
. . " t
Attorney Prepares Bill OWi -
gating State to Assume
Payment of County Bonds
Used on State Highways.
County Attorney T. J. Johnston, at
the request of the county commis
sioners, has prepared a bill concerning
loans made by the counties to the
state for road purposes. Mr. Johns-
ton cameo tms diu o ivaiugn
days ago and requested Mr. J.. A.
tUi. hm in thp
.t t'H !" -1 t i
house of representatives. It is under
stood that Mr. Porter favors the
bill but made no definite promises
about its introduction. He was ap
parently fearful that the introduction
of the bill might react unfavorably
on other bills that he has in mind.
However, it is believed here that
Macon county's' representative will in
troduce the bill in question. , If is
said that about 30 counties hav
loaned the state money" for use on
state highways and that under tin
present depressed conditions these
counties arc hard pushed to meet the
interest on the bonds and to pav thf
principal when due. It is argued that
the state is now in use of the hi'
ways and that such roads are 1V
property of the state. The countie
loaning the state money have assistc '
materially in building the state h
111 L1L1 IU 1UU VUUVV VV- . i
nfnir : n.rf aiyi ntiH f H r t'i v na Vfra fit 1
;. ; B,:(i . ,r MW f-
fr;n,r frri hUrh hvM Thrrpforo
JiACfl fivArln (Y iVt Kill CflV that if tW.trv in the Ir-.st three weeks
.f-.f rnit,r ,-.tc tn ndii rrrliirr tax -
- L. r:,i Ktt 1.
W11 .t..,. rr Tortpr i,,,
..ri.-rrtt 'Prr. tint thp rrnrf-snita -
, uve irom nenucrson coumy .aim rwn
others' ar,; enthusiastically in favor
attornev. Lhc tax aye-s ot Macon,
in so far as thev hac been canvass -
cd, arc a unit in favor of the bill
and thev are hoping that Mr. Porter
will work tor its passage.
The bill as drawn follows:
A hill to be entitled, an ?ct? to
nrovid" for the assumi'tioti and pay
ment bv the state of the n-mci'WM
and interest of bonds ;snied bv
rious counties of the state-where the
nrocerds of said bonds have been
loaned or donated to the highw-'"
commission and expended on the statv
The General Assembly of
North. Carolina do enact:
Section 1. That in all cases where
I , ' " - " "A ,
The Franklin Press Offers
Five Prizes -
The Franklin Press will give one
free ticket to Mary Pickford's new
I picture, MY BEST GIRL, which will
, be shown at the Macon theatre .Wed-
nesday and Thursday of next week
toucach of the fi;s. fivc pe"ons wh,
printed below. All solutions should
be submitted to the editor of THE
FRANKLIN PRESS, and must be in
not later than Tuesday night, Feb
ruary 19th. The editor ot THE
FRANKLIN PRESS will award, as
ith in frce tickcts to lhc per-
' 'V , .7. . , . ...
sons brintring the tirst live corrcti
The puzzle is printed below:
A R R S N Y
R E Y F 1 B
E SPIE E
T) E C E T T
U D K S F G
II FT! I
N N O F L R
T M i U M L
E A I) N M ?
Former Q.r.rUy Agent l.ylcs Harris
states that the farmers of Macon
' county hav e t crcived 1A7M) tor poul
! resigning as county agent Air. nam
t IT .
"made arranirerr.ci'.ts to hold a iwmltry
sale at franklin each week unt:l not
I fall. The first three weeks ; of l!i
' sales resulted as stated above.
the people of' Macon arc coming to
i . . , . . . f . .. ... ...
uepena more -aim mure ,, ,n u my an
7i constant uicojTic is indicated ny iho
1 average i per um urum in.l
, for the same period last year.
Weede Likes rranklin
Fred L. Wcle. manager of 1 he
Chamber cf Commerce, Ashexiile,
i passed through 1-rankhn lucsday on.
his way to Florida where he wi'-l
distribute pamphlets, road maps, etc.,
concerning Western North Carolina.
Mr. Weede stated that tins was his
first visit to Macon county and ex
j pressed himself as delighted with the
' rnacnificent scenerv. He was also
i well pleased with Franklin and stated
his readiness tc ail this town in ad
President J. M. Ayers Names
-Has B e eh Christened
"The Appalachian 'Tours."
The connecting links in - a' newly
aligned motorway have recently been
completed between the Great Lakes
and the Gulf through the moun
tains. This f through highway tra
verses Michigan, Ohio West Virginia,
Virginia, t Tenricsscd, North Carolina,
South Carolina, Georgia and Florida,
and hni been christened "The Ap
Beginning at Detroit and Cleve
land there are two routes southward
which pass through different sections
of Ohio to Charleston, W. Va., where
they converge and cross the Appa
lachian mountain ranee in a sinirle
route through Backley, Princeton, and
Blue field. West Virginia, Abingdon
and Bristol, Virginia, Johnson City
and Elizabethton, Tennessee, thence
to Asheville, Jm. C.
At Asheville the Appalachian Tours
beeins a very remarkable circular
tour to the West Coast of Florida,
thence across the state over th
Tatniami Trail and returning up the
Florida East Coast to Asheville'. By
using this circular route the middle
west motorist would make ocn of
the most complete and diversified
tours in Eastern America.
Going South the Appalachian Tours
route trom Asheville is through.
Wavncsville. Dillsboro and Franklin
N. C. into Georgia, through Gaines
ville, l.mvreuccville. Atlanta, Griffin,
Maron. Tiftfii and Valdosta, enterinir
Rorirh at. Lake Citv. thence down
the West ("o?t through ITH'h Snnnrs
Hrooksville, Tamp-" St. . Vetersburc,
l'.rarlenton, I'unta Gorda. Fort Mvcrp.
Naolcs, the Tamiami Trail, Miati,
Palm ;Bcach,. Daytona Beach. St.
Augustifie, and Jacksnnville. No'-'li-wrvd
rrtnrn"n'f frotn H"lorid-i. tf
""v'-Thi.Tn T'nirs is routed through
vross. T'ax'vi wain'orM, pit1
AM;riist.'l i'lto' reo'",ni.. riJ ' fUi-rii"'1!
rtivr-iv.'ood :mk' CJeenvillf. Js
the""' t!'""M..-h Hen''""--fmvif, X.
,. I ro t )hi'' , IP'1 ai "'in';!! nor"
-.jnf ,)ai;.m-n nv,-
i ,et(l w;,h T)lafcs of h;etori,
, v4,;f Wntt v:: v;-,--
j Tntif.srr ptv-1 North Carolina se-
tions traversed, abound in magnnircTit ,
! mountain seenrv. The. naved hi' - '
- ilmmuli 1V1U rpmon U aifmnin i
j tho""nds of toi'rjst v.ho Inv" U-
.... . . .
1 te t,,-i. o..4,i.... '
lMfoir :)t 'C'nc ' The com
mitie inrludes M.. V). Whiescl. cv
oMttivp v'ff tireculent of the Anon
n . t-.-i-i. I-V-'nd
... v ,
TO RAISE SHEEP
Jones Willing to Place 2,003
Sheep in Macon County oa
Shares Offer Made in Re1
ply to Letter of Harrison.
That J. O. Harrison, chairman of
the county, board of commissioners, is
intensely interested in the sheep in
dustry, for Macon county was made
manifest here last week when' he re
ceived a reply to a letter he wrote
on this subject to Mr. Edward Joufcs
of Lenoir. In his reply Mr. ' Jones,
states that some steps ' will have U
be taken-'to protect the sheep from
dogs. Mr. Jones further states that
Macon county has a bad reputation
for "jdogs and suggests that Mr. Por ;
tcr v pass , a : law at Raleigh that will'
guarantee . protection tor the ; sheeft
growers. Such a law is already on
the - statute books" and no j further,
legislation should be necessary. Ifi
this law is enforced, it will afford
It will be seen from the letter of
Mr. Jones that responsible 'people o
Macon county now have the oppor
tunity to enter the sheep industry,
without a cent of : cost, unless it be
for fence and pasturage. Those who
already have pastures fenced will be
put to no expense. If there is suf
ficient interest . manifested ' in - tliij,"
n ta trankhn to talk over the mat
ter. Mr. Harrison suggests that thosa
who arc interested see or write him
giving the number of sheep desired.
Mr. Jones letter follows:
'mky; Lenoir, N. C, Feb, 6, 1929.
Mr, J. O. "'"Harrison, t '
Franklin, N. C.
Dear Sir : Wc are proposing m
place 10.000 fine young Hampshir
and Shropshire ewes among the farm-i
ers of Western North Carolina onOi
share basis. We are making them ai
good proposition and they are en
thusiastic about it. I placed 1200 -int
Watauga county in thirty days audi
will increase this number to 2000 hi
the next thirty days. Ashe ; rotutfjj
has sponcn for 2000; also, Avery .-coun
iy warns oaju, i am uuihmi wuh.
Macon county and it is well adapted ,
for sheep raising, hut has always, hadT .
a bad reputation for dogs. ; "We. are
expecting to . get a satisfactory dog
law through the legislature in thc? . ,
counties we operate in. It wquM
take only a small per cent of thej
amount collected from the dog .tax; .,
in the state to pay for all the shecrt
killed. I think we should have a 'jaw
where sheep are killed by dogs h(S
owner should get a magistrate' before
the sheep are moved and have 4he
magistrate satisfy himself that 'tha t
sheep were killed by a dog, estimate
the value of the sheep then sendjia
his sworn report and let settlerrtent
be made from the general fund ttV
lected from dog tax. The magistrate!
should burn, cut off the cars or ;ia
some way disfigure the dead sheep!
so they could' not be presented the
second time, it might be best to hava
the commissioners appoint a man to
insnect the dead sheep.
If you will take this up with youf
representative and have some law
passed for your county that will pro
tect us against the dogs 1 wit 0
glad to place from on q thousand to
two thousand, sheep in . your county.
The sheep arc available most 1 any;
time. ' -- - , -
Our company handles thousands of
breeding ewes every year. We handl
ed over 15 .WO this year.) 1 will be.
glad to hf!t you get any amount you,
want to buy. Now is an off season
to buy. breeding ewes. This , fall after
the lambs marketed will be a get
ter time. WW be glad to co-operate
with you : i all times.'
. Sincerelv vours, ' ;
EDWARD JONES. .
V. If voM vill get in touch with
vour representative. I will come t
Franklin and iro over our proposition..;
with vou. - We ran bring thousands
of dollars' to' your fanners without '
anv canital on their fart. Every
her of onr company are old ex-
perienced ;md successful sheep men.
The Mayor's Matinee
At the Mayor's matinee Monday af-
... . . ... j .. - .1
ternoon ne is sain xo pave aiutwui
a deterTniu?ion to
put a stop to
drinking in Franklin.
At any rate he
til'rcd one or two on probation with
jail sentences hanging over them m
1'k event the- do not sit carefully .on
the- water wagon. ' . .