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EIGHTH PAGE
T H E RE WS-R E C ORD-
NOTICEOF SALE .
Notioe is hereby 'given that the un
dersigned Trustee, acting under and
by virtue of the power of Sale con
tained in a deed of trust from E. S.
TWEED and wife, SOPHRONIA
TWEED to C. E. RECTOR, -Trustee,
dated January 12th, 1925, and' record
ed in the Office of the Register of
Deeds for Madison . County, N;. C. in
ook 29, at page" 1JU will on toe 28th
day of February, 1929, at 12 o'clock
noon, bffer for sale by public auctrott
to the highest bidder for cash at the
Court . House door, in the town of
.Marshall, N. C. the following deacnb
ed tracts' -of land:
JTRST TRACT
go 19 ufrpii mnrw or
vo2iiaiinuK - ' . , warns wna
Jess and being the same waw pi n ,.,trot(wi s f0nows: George has a
S".IVIbicycU and wants a sh otgun. It may
- . - , -4 n.y. mOC cqiH 1 AAnmHortih P timf. td Tina J Oil II
aated Jan. lzxji, xvau, ,.-. ithuuo
deed duly registered in the Office wk0 p08sesses a shotgun and who at
. utl - in rtaaAa fnr Madison I . , u : i t
SB
More Than $50.00 To
Be Given
(Continued from First Page)
developed with the Indians. Blanket,
ornaments, guns, jbramunition, and
manv other things were exchanged
fdi.f urs and other products possessed
by the Indians. Fot hundreds of
years primitive people exchanged
products for products. In even mora
recent times men' have been bird and
their services paid for in wheat and
other farm products.
Barter has many disadvantages. In
the first place, you must find someone
who has what you' want and wno
wants what you have. This may be
Money a Measure o f
Value
For a moment assume that money
did not exist. Then ask what a bush
el of wheat or a suit ot clothes is
worth. You would hesitate to ans
wer, and this very fact causes you to
afanreciate another service rendered
by money. Just as scales measure the
weight of a given article, w a yard
stick indicates the length or width
o- a piece of cloth, so money meas
ures value.' The customer asks the
shoe dealer the price of a pair of
shoes and the steel manufacture re
quests price quotations of coal. In
. in it i
eacn case me answer win u c
in terms of money of dollar. Mon
ey is a common denominator iilto
which all values are translated.
Mrshllt N. C. Feb. 10, 1928
the same time desires a bicycle. In the
second place, commodities have une
qual value.
uulu v' u. ' r
itarriator nf Deeds for Madison
Cifunty, N. C, in Deed Book 45, iit
.Wage 426. And for a more full and
n&.niaf ,l.rint inn as to metes and
Aounds reference is hereby made to 1 10 exchange a horse for a cow, but
the. aforesaid deed registered as a- j term3
sSirONI) TRACT i The difficulties inherent in a barter
'All that certain piece or parcel of stage of industry would make modern
j ;tfo ivinir and beinar in No. : ,,.L-otlr,o. nhsnlutelv imuossible. Put
inUU, OlVUOWl J O ' w IIIUinv.-B "
.. 1 1 .1 1
in another way, it was me ueveiup
ment of modern industry that nade
necessary the use of money as a me
dium of exchange and a measure of
value.
3 Township, Madison county, oiaie
of North Carolina, containing jo
acres more or less, on the Hunter
ridge road, about 4 1-2 miles from
the town of Marshall, having such
shapes, metes, courses and distances
ts will more fully appear by reference
o a plot thereof, made by George t,.
Sprinkle, Surveyor, on the 21st day
of September. 1922, the same being
i . Sounded on the north by the lands
of Bob Metcalf, on the east by the
, hjg nf .1 w Hunter ana . n
kmds of G. W. Sams and Bob Metcelf been used as money at one time or j ag siiver, nickel, bronze and paper
The Gold Standard
In the United States gold Is freely
James may be wi'.'.ing . accepted at the mint and coined into
money, which means tnat mere is no
difference in value betwn an ounce
of uncoined gold and an ounce of gold
coined. If the value of gold in the
form of coin should become greater
than o-nlH in the form of bullion,
more bullion would ne taken to the j
mint and the difference in value
would disappear. In this manner gold j
bullion and gold coins are kept at
parity. When gold alone is freely !
T I T r M .v I accepted at the mint ana cornea into
h e Use ot Money ,oney as in the United stateg the
Gold and Silver monetary system is said to be based j
The second or money stage of in-1 UDOn the eold standard.
tends of J. W. Hunter and jn. n. m no). b -n with the use of B needs of tra(Je require mon
dSnnter. on the south by the lanas oi u; , i,o. ! i. ...k i
riilia Tweed, on the west by the gold ana silver, many i.1....Bo jey composea oi umer iuw., ,
iands of G. W. Sams ana uod iH.ei.ccn been used as money at uuc ." j8s silver, nicnei, Drome ana puyvi.
and more particularly bounded rd ;another ;n econ0mic history; cattle : The value of our silver coins as well j
SPINNING on a white oak Bob Poetically everywhere; lurs in lne(a9 our nickeis and paper money, is i
Metcalf's corner, on a ridge, running northern countries; wampum among : determined by the Government, for j
with said Metcan s line ii itne eariy cuiumais, j une ouiiion vaiue ui iuck mna m
. or 1 A VilaiL. nnlf Rtnmn on i a i ir::.;n . ,J .i a ti i n A i-a Ki u i i i . .1 .AnU ! n .
1 o-u pvitsa w o , " " w . lana ana virS"ia, " : equal in value men (uuiio.vii5
ridge; thence N. 80" 15' E. 6 poles baaer meta,s such as iron j , r The United States Govern
tn a it-kp corner of Dower tract, , 'r , .
then S 32" 45' E. with said dower, many countries. In the coursa of , ment recognizes five silver dollars,
tract 40 poles to a stake by a white j time gold and silver came to be most ' ten half dollars, or a five dollar bill
ttine sprout; then S. 21" 45' E. 62 acceptable as money. There are sev- jas having equal value to a five dollar
olestoastakeonaruige;thenwith,ral reagons why goid and silver have ' ?0id piece. it is because of this
said dower tract and N. H. Hunters i . . niHftn tvaf n,npr
( 1 ) They have a high value in pro- j m0ney and coins of baser metals can
portion to their weight and be safely used.
bulk. This quality makes
these metals easy to carry or TL IT-- nf Credit '
'fine S. 43" 45' E. 64 poles to a stake,
'aid N. H. Hunter's comer; then 5 i
41" 45' W. 29 2-5 poles to a staka in j
.fee ridge road S. E. Tweed's corner;
then with said Tweed's line 60" 15 j
W. 46 poles with said road to a tfa.ee j
I ftelow the Hunter Graveyard; then i
. continuing with said road N. 64" 30'
W. 17 poles to a stake; then N. 86 !
SO' W. 14 1-5 poles to the public road; ;
then with said public road as follows: j
k. 24" 30' W 13 2-3 poles N. 42 W. I
& 2-5 poles, N. 6" 15' E. 8 1-4 poles,
HJ 21" 45' E. 31 3-4 poles, then leav
mg said road N. 6" 15' W. 10 poles to
i stake in the woods, then S. 88" 45 ,
E. 6 1-3 poles to the beginning. Con
taining 49 acres more or less.
One acre reserved from the above
fends same now being used as, a
(2)
(3)
(4)
jrraveyard.
The above mentioned Second Tract
sold subject to a prior uen neia uy
, , v We have now considered!, two of
They are durable, thus mak-
... . ., the stages in me exenange or mann
ing possible constant use for a j 6
. ing of products barter and money,
great many years. 1 , , . . .
z,. i i f If you study modern business c:ire-
They are easily coined into
... j .; 1 fully, you will find that most products
convenient shape and readily i . . ..
recognized by all people. ichanSe hands wlthou an "edlate
They are very generally desir- Pyet of money. Some merchants
ed in the form of bullion inde- i "trust" their customer, until t),e end
pendently of their money use, f the month; farmers yery.,of en
which gives them greater se-,b"- agricultural implements w,th the
, . fu understanding that they can pay for
cunty and value in the minds B
. .. , ithem at some future time; coal, lum-
of the people. I , - ,
' ber manufactured products, and
of business depends upon the
ability of the man in charge
to bring these factors into the
... greatest cooperation. .
8., In modern business products
are continually c h a n g ing
i hands or being marketed. One
. of the most stiking character
istics of present day industry
is that men produce goods for
the use of others. There have
been three stages in the devel
opment of marketing!
(a) In the barter stage products
and services were exchanged
for other products' arid serv
ices. Barter would be too slow
and cumbersome to serve busi-
" ness of today.
(b) The use of money intro
duced a second stage in mar
keting. Money serves first, as-
medium of exchange, and sec
ond, as a measure of value.
As a medium of exchange it
is accepted by every, one for
products and services. As a
measure of value it permits
every one to express the worth
of a thing in terms of dollars
and cents. Although many dif
ferent products have been
used as money, gold and silver
have proved most satisfactory
due to their value, durability,
and ease of coinage.
(c) The United States and all
leading nations of the world
have adopted the gold stand
ard, which means that gold is
freely acceptable at the mint
for coinage and that all paper,
silver, nickel, and bronze mon
ey is sufficiently redeemabel in
gold to make its use general.
(d) The third stage of mar
keting involves a study of
banking and credit. It is said
that 90 of our business
transactions are settled by
means of credit. The ques
tion naturally arises: What is
the business man willing to
accept for his products in the
place of money? I am going
to answer this question in : thej
next talk which deals with the
third stage in the marketing
of products banking and
credit.
,l&ef Myrtle ;
Featuring These
iicts at New Low Prices
Tor One Week
Prod-
IPEACHES
Yellow Cllnd Can
Halves or Sliced
Fruit Salad, ' No. 1 Can.
Cherries, Royal Ann No. 1 Can
Pineapple. Crushed No. 2 Can
23c
23c
19c
PINEAPPLE
Apricots Larrfe Can
Spinach Larrfe Can
Raisins, Seeded or Seedless
Pkd,
I
,iu ; - r ,,,,!, fnoHstnflts are shiDDed todistant Places
p Atlantic joint otutn. uo"u . rin l, i
f Raieiuh N. C. Said Deed in Trust money mcuiuiu w m.a- , payment to be made in thirty, sixty,
'egistered in ueea in nus.. Ctiailfife
l. on page 374 el seq., ,. m
fo which book and page is hernoy ; n one wexe lu vC.BC ......
aje , to make a list of the things that he
This sale is made after default in conaidered wealth, money would oc
b;, rer,t of the indebtedness secured importance. This
lu rlped of trust, by wmcn fle-r"" . , . .. ...
'payment to be made in thirty, sixty,
or ninety days; some business men
do not have enough money of their
own to start or continue a business,
but are able to borrow from others.
All such transactions are based upon
QUESTIONS
1. What are the chief reasons for
the development of wealth in the
United States?
2. What four factors enter into the
production of all wealth?
3. Explain the nature of barter and
point out its disadvantages.
4. Why have gold and silver come
to be most acceptable as money?
5. What is meant by saying that the
United States is a gold standard
country?
From WHITNEY., S. C.
Asparagus Tips 2 & 35c
, Other Excellent Values
Fancy Celery, Lare Stalk ISc. Lettuce 15c
INo.l Irish Potatoes 15 lb. 45c
Cabbage - lb.
immm
I Tomato Sauce
1 i r...
25c
Beans. Sultana Red Kidney No. 2 Can lOc
Peas, Iona Black Eye No. 2 Can Mc
Mrs. Essie Crow and Misses Mary
cudv a place ot nrst importance, mis au such h buooi. huuo c o;u . .
. ' . , . , r ! m ...i,;i. tuf cmfatHno. Crow and Ghassie Thomas, Louis Fos-
is a most natural conclusion, iur vaB- ticim, nu,.. iEc..o v... ...w ,
!es and salaries are expressed in terms of value is delivered to a person in ter O dell Pru.tt went kodaking last
of money; the things we desire are exchange for a promise to pay for it Sunday afternoon,
obtained in exchange for money, and at some future time. But good busi-! Mrs. Mary Crow of Johnson City,
our savings are reckoned in dollars ness requires that the promise to pay Tenn., spent the week end with her
and cents. I be supported by some evidence and j sister-in-law Mrs. L. C. Crow. .
I .... TV;. llj, I Everyone seemed to enjoy tiiem-
nUWCVCl) a 1 1 1. 1, i . IV im i ."'I . . . . . i. . . j n - -
'clear the fact that money is but a, of business paper
means to an
end. What we really! bills of exchange), generally "kndwn I M'saes Dorothy Laws
i'u'.t said power ot sale nas Decume
operative. .
This the 30th day of January, 1928.
C. E. RECTOR. Trustee,
t) I'eb. 24, 1928. ch.
V NOTICE!
ADMINISTRATOR'S NOTICE
" Having qualified as administrator
$f the esUte of A. J. Ramsey, deceas
ed, late of Madison County, N. C,
tfhio i ts notifv all persons having
i claims against the said estate to file for a certain amount of money and jthe marketing of products.
tnem witn ine uuuei3iB"" )n turn purchases tne necessaries oi j
.&re the 4th day of January, 192SJ, or ( yle Tf y0u were to ask any business
... . .. ... i 1 1 - J L.. r9 , .. . i i
nis notice wm De pieaueu m man t tell you how mucn capital j
'their recovery. All persons owing ( ne useg m h;g business, he could ans- j
anything to the estate are hereny no- j wer oniy m terms 0f dollars. If you
PEAS
2 s- 25c
Tender
Tasty
Evaporated Milk, White House, Tall Can 10c
PUIsbury Pancake flour Pkrf, 12 l-2c
18 O'clock Coffee - 35c
OMmmmmmmmmmmmmmmmmmmeMmmmmmmmmm
TTHE
biictb ilia 1 1 j xvssivia j - - -
(checks, notes, I selves at Miss Mary Crow's party
desire is a home, clothes, food, edu
cation, and travel. The farmer rais
es wheat, sells it for money, and in
and Dora
in Whitney
.tified to please make
' '4he same at once.
''"This 6th day of January, 1928.
HR;-. RAMSEY, Administrator of cs
. Jate of A. J. Ramsey, deceased.
Vtf-Feb. 10, 1928.
V We are users of Hammermill Bond
as credit instruments, are continuity j Gosnell were visiting
C 1
changing hands. In order to under-. ouiiuay.
.j ,.. t U ! Mrs. Charlie Bridsrett and Mrs. L.
es wneat, sens it ior money, aim m laiaim ticuu .v i ,
turn buys farm machinery, clothes, something about banks. Banking and C. Crow went to see the Dmne Heal-
and groceries. The laborer works; credit constitute the third stage in " iui., u.
ville Sunday to visit, her son Robert.
The Ladies Aid will meet at Mr.
John Franks Friday night.
Messrs Lous Foster and William
Lanier are regular visitors at Mr. L.
C. Crow's .
Mrs. Ella Thomas is expected to
be here soon. v
We would like to hear from Dew
Drop and Pmey Grove.
really consists, he would reply by e
numerating the things which compose
his plant or business. By this simple
analysis we are able to see that mon
ey serves to hire labor, equip fac
tories, buy clothes, and save for the
future. This is what is meant by
saying that money is a medium of
It is something acceptable
'gnnting Jjeiver ncaua, eic, ivk uui -
'customers in the job printing line, by everyone in exchange for products
Get our prices 'and services.
Summary and Con
clusion
Wealth consists of everything
useful to mankind. The 'word
should not be associated' with
the rich, but should include
all things that have usefulness.
The wealth of the ' United
States has been said - to be
three hundred billion dollars.
Four factors enter inter the
production of all wealth
land, iabor, capital, and' busi
ness intelligence. Success ' in
From BIG PINE
Mrs. Ethel Askew was visiting her
parents Saturday and Sunday. '
Mr. and Mrs. Berry Davis are on
farming or in any other form : the sick lLst,
Mr. J. W. Fortner has put up a
shingle mill for which we are glad".
Qur singing school has closed and
it was a great success.
Mrs. Vina Worley and two daugh
ters are visiting on Big Pine.
Miss Riddie Davis called at the
home of Mr. J. M. Davis Saturday
night
Miss Robbie Davis visited her' par
ents Wednesday night.
Little. Ruth Baker is ill at this time
Miss Evelyn Wild spent the week
end at her home.
Mr. Lige Fortner called at Mr. 3. M
Davis aturday.
Mr. Lige Fortner was sawing shin
gles Saturday with a Ford car.
Mrs. Vanie Roberts is better at
this writing. '
Saturday and Sunday were our re
gular meeting days and Rev. Everett
Sprinkle preached an interesting
sermon both days.
WHAT I CAN I WILL
If I cannot compass great things
That would bring undying fame:
If I cannot with earth's gifted
Share exalted place and name;
Then in simple ways I can
1 will aid my fellowman. ' .'
If I cannot frame Immortal
Masterpiece of prose or verse,
Which the generations after
Would with highest praise rehearw
Lowly lines I can idite,
Lending cheer, these will I write.
If I cannot scatter millions
With a free, unstinted hand,
If my meager benefactions
Can no stately cause command, '
Still, though few my gifts and scant,
Boon I can yield, I will "grant -"What
I can, I will :" this motto a
Ever lei me study welL? '.'
That in part, at least its meaning
Shall my quickened service tell;
wnat i can, i win waay,
Then tomorrow, if I may.
By Phillips Burroughs Strong,
V
r .
THE FEATHERHEADS
' ..JMttg?-, Atta Boy, FeDx, 01' Kidl ' 1
mm sa i m m an m a - m vim .u jf m m a i r a r w vm jbmbwt n' m m m mi m i' w m