North Carolina Newspapers

1.1, J I J. i I; " -c. 1 a! r r 1 .a. k.o L.4 i, .i . !,! , At..lve Materials Cop :, . Timber I F!i Precious and ' Semi - ' ', prcciouV Cents : Abundance Cood La!or 1 Ample Transportation Facilities J I Pure, Clear Wafer ;j Productive Soil 1 ' 1 4 - I 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 Excellent II'.way C!r?p Electric Power Irt'jEtrie Law-s Llviiiig Citizenship sii -fcw fe .A ll 1 aSk Ik t 7 ' - ! "VOLUME XLIV FRANKLIN, N. C THURSDAY, FEBRUARY 14, 1929 NUMBER SEVEN 1 Jlu i i . ; ! ( .... . ,. .. . . t ... . 7 r-y- 4 CsntraiSsceiitieoCo. . "' :: , Gne of Largest Finance Companies 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 $70C WOO of the' company's capital stock had been subscribed, largely by present s 6ck - "holders of the Centra -Bank. .Public . S of Central Seqmtiei 7 per cent Cumulative Preferred stock and Com , mon "B" stock was begun this week Central Securities company plans principally to purchase Western North Caroluia industrial and rnunic pa tonds and a limited amount of stock WanU insurance and surety com ianies Many forms of co-operation E?in!CL .?-JLaA . . to . present banks be Hnanced or. purchased by the com pany neither will real estate bond S be originated, although real istate mortgage bonds may eventually be hanSed as wholesale selling agent wherf guaranteed by responsible sure 7y coifpanies. An intensive market ins campaign for securities .which will oe handled by the company is soon fo SrSituted in theMiddlewest where branch offices will eventually K?Jmd' R Davis, who is president of the Central Bank and Trust com pany as well as the aff Hated Central ?ecJrities M:$JS 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 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 ) i. lJirectors are. v. . , fkn hnnrd 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 LI ORGANIZATION 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. POUTER ASKED 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 MoVm'c mimiv j 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 highway system. The General Assembly of North. Carolina do enact: Section 1. That in all cases where I , ' " - " "A , ...vT-yxv::';:- - WALLACE TO SEE TJARY PIGCFORD 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 answers. The puzzle is printed below: A R R S N Y R E Y F 1 B E SPIE E , YT1NSS 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 ? FROM POULTRY Former Q.r.rUy Agent l.ylcs Harris states that the farmers of Macon ' county hav e t crcived 1A7M) tor poul lWo"f ! 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. That 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. j ' 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 BIG RETORKS ' V9 "j ' C. DAVIS THRU MAIM President J. M. Ayers Names Inspection Committeemen -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 palachian Tours." 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. to ho"''''... ,. 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- .... . . . -.,.,. v..:. ' ; w 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 A Wi'-or V ... ... v , At OPPORTUNITY TO RAISE SHEEP urmouT CAPITAL 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 ample protection. 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 liieiriner 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. ' . . Roscoe A. Marvel Asheville. : ' - '4