Valley Sunday Star-Monitor-Herald (Harlingen, Tex.), Vol. [30], No. 98, Ed. 1 Sunday, July 23, 1939 Page: 1 of 18
pages : ill. ; page 31 x 23 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
SUNDAY
VALLE
T
10 Cents
THE WEATHEB
—*
Fair
FINAL EDITION
THIRTY-FOUR PAGES TODAY
HARLINGEN, McALLEN, BROWNSVILLE, TEXAS, SUNDAY. JULY 23, 1939
No. 98
BRITAIN DENIES PEACE PLAN RUMORS
*
«
#
*
«
*
«
*
Late News
Flashes
OF DANGEROUS
*
By The Associated Press
Russo-Japanese Tension Mounts
BOUNTY RATE
12 MEMBERS
NOTE SENSED
I
FOR COTTON
OF GIG GROUP
UNION
I
EXPORT SET
NIKOLAEVSK
TO BE NAMED
RESULTS FEARED
z
To Aid Market
I
TOKYO
•MUKDEN
■ Xi
*
A.-
C H
I
N A
NANKING •>
0
FDR'S SPENDING PLAN
CRITIC
I
By President
*
«
100 Degrees Hit
Fire Controlled
«
♦
Kellam
is
and
ap-
Name Retained
Notice Given
England -< -P - The
LIVERPOOL,
instructed
the
at
next
1
i
■*4
.4
*
*
E? -
Over 97 Per Cent
Taxes Collected
I
Soil Conservation
Petitions Received
—...........................................................................................
New Heads Named
For Caller-Times
Vote Is Scheduled On
Committee
GINS REPORT
33,258 BALES
Work Order Issued
On Labor Camp
Reaction Of Report
Seen On Pacts
Hospital Threatened
By Flames
Valley Press Group
Holds Meeting
Reports Are Called
‘Fantastic’
Weather for the Valley
Sunday will be fair and
< warmer. The river should
not change materially dur-
ing the next 24 hours.
A Tokvo naval ministry source said a section of the Japanese
fleet was assembling in noithern water* as the result of a Soviet
threat to confiscate Japanese coal and oil concessions in the Rus-
sian half of Sakhalin island isee mapi. A* fighting continued on
the Mongolian frontier. Japan declared 39 Soviet planes had been
shot down in a battle in the Lake Bor region.
SAKHALIN
ISLAND
govern-
that
had
9
__L
JAP A NT SE
MASS
SHIPS
far-MONITOR-herald
KnlerH aa Meaaf <!••• «•!) M paatafflM la Harllagea Texas.
M.
the
l ADlVi. ft
— *.. — m
3 *'*»
200 400 €00
-A a A > a
M!LE±»
*d from the bed of Liverpool B'y
gerly Saturday morning, but cables
slipped after she had been towed
a few ards and salvage operations
were suspended. I way* employee.
Garner Ready For Big 'Uns
Mi
T emperatures Soar
In Texas Areas
Houston
preparations for
second division
T after receiving
New Regulations Are
Put Into Effect
tion school.
The Brownsville unit of the as-
sociation is headed by Marganto to give further study to a proposed
de la Huerta. Pan American Air- emblem and report
* meeting in August.
Work Under Way
On Valley Plant
WESLACO Construction on the
new Uniled States by-products lab-
oratory building has been started,
it was announced Saturday
The new building, which will cost
$22 500000 is located on west third
Lots were donated bv the
W. E. Crawford, McAllen, is
MEXICO TRADE INCREASES
SAX ANTONIO—oP — Harry P.
Hornby, collector of customs in
the San Antonio district, announc-
ed Saturday that export trade with
Mexico fnr the first five months
of 1939. January through May,
showed an Increase of more than
gl.5M.Mt over the corresponding
period of 1939 in the San Antonio
district.
sped
provisional
maneuvers
advancing
Aug. 24 to
Perez. 18 of Sai, Rcnitn,
receiving treatment for gun-
He wa«
dance
rot
official
A.C.J.M. To Plan
Tenth Anniversary
FROWNSVI’ • E—Plans for c le-
brating the tenth anniversary of
the organization August 11 will be
made at the Tuesday night session
Subsidy Is Expected
MEETING SET
AUSTIN—T — Chairman Lon
A. Smith announced Saturday the
Texas railroad commission Mould
conduct Its next slateM ide oil
proration hearing September 18.
*
Il's no secret that Vice-President Gamer Is impatient for con-
gress to adjourn so he can catch up on his long neglected fishing
down in Texas. Here he is trying out his red and reel in his office,
which is a bit ton «mall to give him much nf a swing.
WAGNER ACT CAN WAIT
WASHINGTON 4’l— Chairman
Thomas iD-Uiahl of the senate
labor committee declared Saturday
that the house decision tn investi-
gate the National Labor Relations
Board had eliminated the possibil-
ity nf congressional action on pro-
j osed amendments to the Wagner
Act this session.
TAXI STRIKE ENDS
SAN ANTONIO—-P—Taxicab*
began running in San Antonio
Saturday as striking drivers ac-
cepted a compromise proposal to
end the walkout which began at
midnight Tuesday.
JAPS LAY MINES
HONGKONG—P—’’’he Hong-
kong government was informed
officially Saturday the Japanese
navy w as lax ing mine fields along
several Kwangtung province coas-
tal stretches, across the entrances
to a large bay northeast of Amoy
and also across entrances to Imo
bavs immediately north of Swa-
tOM .
All th? news of the World
and the Valley. Best Feat-
ures and Worldi Best
Comics.
^S^yiAKE 8GR I
MONGOLIA^U
Z JI ^HSINKING
’ / •mukdf.nc^
REPORT
39 SOVIET PLANES E
DOWNED
Proration Hearing
Set By Commission
AUSTIN P The railroad com-
mission will hold its next state-
wide oil proratmn hearing Sep-em-
ber 18. Chairman Lon A Smith an-
hounced Saturday.
The chairman scouted rumors
commission plans a revision of the
current order which requires shut-
down of wells, with certain excep-
tions. eight days each in July.
August and September.
Valley-Wide Singing
Program Scheduled
RAYMONDVILLE The Valley-
wide singing organ'zation ha* *ched-
uled a meeting Augu 6 at 7 30 p
m. at the Raymondville high school
auditorium, it w as announced Sat-
urday. AH Valley singers are in-
‘vited to attend.
CORPUS CHRISTI - P - The
Caller-Times Publishing Company
will announce tomorrow changes
in the executives of the two news*
papers made necessary by the
death last Tuesday of Col. W G.
Kinsolving, editor and publisher.
George R. Kunkel, managing
editor for the last five sears, has
been made editor. Conway C.
Craig. v ho has been assistant pub-
li her of the paper:, has ben made
publisher. Robert B. <B<>b* Mc-
Cracken. front page columnist of
the Caller, has been made assistant
to the editor and to the publisher
; nd assgned to duties in thj busi-
ness office in addition to his regu-
lar editorial work.
! HAN< -MAI -
I Pad Pi •’
Orvanff
DALL AS—4’—-C. M. /vans,
regional director of the farm
security administration, said Sat-
urday notice to proceed with con-
struction of the STM 000 migratory
labor camp in Wilacy county
near Raymondville, had been
sent H. H Moeller of San An-
tonio. the contractor.
The camp Mill be the largest
•f three to hr built in Texas and
Mill approximate in sire the larg-
est built in California, Evans
said.
POST*!. PARLEY < LOSES
AUSTIN P Texas postal work-
era ended a joint convention h*r«
Sat rday by picking Waco for ln«
‘IMO gathering.
1
farm
Last August, the
started payment of.
Siner
a bounty
bushel on
to foreign
DALLAS —P— Approximate-
ly 97 5 per cent of all federal taxes
due in the Northern district of
Texas were collected this last year.
W. A. Thomas, collector of intern-
al revenue, said Friday-
Out of the swoon non in taxes due
from his district, only about |L-
‘ 750,000 are now delinquent, ha
WASHINGTON P Senator Byrd -D-Vi.i frequent critic of
adm mstration fiscal policy, sa d Saturday night that Prt rident Roose-
vclis lending program “is a spending scheme masquerading as a lend-
Srm- member’ nf the
m-nt. incbidins Chamberlain
understood to hr aware of the dis-
cussions but held th s w;s rot a
favo-abl- time to put an
stamp on .hem
Weakening Feared
Indignant official
any appeasement
AUSTIN -P Fire of undeter-
mined origin licked dangerously
for a few minutes Saturday at the
roof and beams on the old north
ward building of the Austin state
hospital for the insane.
The flames Mere quickly extin-
guished by seven fire companies
as 283 patients filed calmly from
the three-story structure, one of
the oldest m the hospital group.
There were no bed-ndden inmates
in the d rmitnry and damage was
confined to the top floor and cupo-
las.
of the organization.
The board also was
street
city.
the -ontractor.
J. L. Heid wib continue to be
in charge of the work He is at
present president of the Weslaco
Chamber of C- mmerce and has
played a prominent rule in securing
the building for the department.
broad as tn nullify much of the
p ogram. Barkley and Senator Ad-
ams 'D-Coloi said they would uork
out a compromise proposal for sub-
mission on the senate floor.
The committee approved an
amendment to require the payment
of prevailing wages on road railroad
equipment and public x?orks proj-
ects.
Valiev Growers To Meet Fridav IMPUCATIONS
HYDE PARK. N Y P Shoving
aside a batch of communications
from Washington r.nd the responsi-
bilities of his office. President
Roosevelt motored Saturday n'ght
tn the estate of Secretary Morgcn-
thau near Fishkill for a carefree
evening at an old-fashioned Dutch-
ess county clambake.
The secretary had invited in some
friends and neighbors, members of
the Presidential party from Wash-
ington. and the week-end guests of
the Riwtscvelts-Archibald MacLeish.
librarian nf congress in Washing-
ton. Mrs. MacLeish and Alexander
Wnolcott. the writer
Th« president had spent a quiet
day at his home.
It was learned his attention was
called to news stories tha. England.
France. Poland. Germany and Italy
had reached a tentative agreement
to guarantee peace in Europe for
25 years, and that Postmaster Gen-
eral Farley had informed several
senators he was opposed to a third
term for the president
In New York Farley took cogni-
zance of the report by issuing a
statement in which he said he was
not responsible for stories which
are being inspired relative tn my
position on any public political ques-
tion.
• In the past. I have always been
frank and definite an I will con-
tinue to he in the future.” he added
"Any lime I have anything to say
I will say it publicly and definitely
and not through others.”
Long before the Farley story ap-
peared in print, the President had
made arrangements for the Demo-
cratic national chairman to be his
overnight guest Sunday And in
view of the rejxuts. some of the
persons who came from the capital
w ith Mr R mis<wit were speculating
on whether Farley would try to
pin the President down on the
third term question before leaving
for Europe next week.
FEA CONVENTION ENDS
TEMPLE -P'— More than 2 000
Texas Future Farmers of America
closed their eleventh annual state
convention here Saturday after
naming Haskell Lindley of Mount
Vernon president, and selecting
Houston for next year s convention
city.
Real Estate Dealers Clambake Attended
Gather Monday
HARLINGEN Members of the
Lower Valley Real Estate Asso-
ciation will hold meet n? at 8 pm
Monday at the Madison Hotel, here
the meeting having been recalled
bv President Lee Hinkle. W H
Moon. McAllen, is secretary of the
association.
Members will discuss the real
estate law- recently passed, and at-
tempt will he made tn get all mem-
bers tn secure licenses It is ex-
pected E D Bynum nf Dallas, sta’e
association secretary, will be pres-
ent Sid Bcrly nf Adams Gardens,
active vice president of the state
association, will also be present.
Hopes are that all 52 members of
the Valley association will be pres-
ent fnr Monday nights meeting
Plans likely will be made for send-
ing delegates to the state associa-
tion meeting, which is to be held
in Amarillo in September
NAVIGATION MENACE
NEW ORLEANS —i-P— United
States engineers decided Saturday
the 3.787-ton freighter. Edgar F.
Luckenbach. which sank here Fri-
day with a million dollar cargo,
would have tn be moved as a men-
ace to navigation.
Bv The Associated Press
Hundred-degree weather
above continued over a broad area
in Texas Saturday.
Texarkana had 110 degrees.
Gainesville 108. Hillsboro 107. Fort
Worth 105. Dallas 104. Austin 100. ,
San Angelo 100. Tyler 100. Houston
96 8. and Beaumont 94
Ike Sloan. Hillsboro negro, died
of heat prostration. It was the sec- i
ond hottest day of the year both at
Hillsboro and Fort Worth.
A cooling shower broke the heat
at Palestine.
NEW RADIO NETWORK
FORT WORTH - Formatinn
of a new regional radio network,
the Lone Star chain, of six broad-
casting stations, including KRGV.
Weslaco, was announced Saturday
by Harold V. Hough, chairman of
the operating committee, who said
that the chain will be inaugurated
Septcmbcd 25.
Ifi.OM NYA WORKERS
AUSTIN— P— A monthly aver-
age of 16.000 young men and
women will he given part time
Jobs on National Youth Adminis-
tration projects in Texas during
the 1939-40 fiscal year. Slate Ad-
ministrator J. C. Kellam said
Saturday.
, of the Associacion Cato, ca de Jo- bv Jaws were approved and adopt-
ed and the board of directors was
IS FLAYED BY
TEMPLE—up’ Seven additional
petitions fo rsoil conservation dis-
tricts were received by the Texas
Soil Conservation Board Friday
About 30 were listed Thursday
when the boi.rd received applica-
tions for the first time.
The petitions will be studied in
a board meeting M nday .
Districts petit oning Friday, by
counties, included Bell. William-
son. Milam, and Burnet, 354.484
acres; Tyler. Harrison and Marion.
1 Shelby, 600 square m-les.
MANEUVERS ADVANCED
SAN ANTONIO—oP - Fort Sam
officials Saturday
the
war
orders
the opening date L im
Aug. 14.
R1 *
ASKS MORATORIUM
WASHINGTON — <4*i — Senator
Bridges <R-NHi asked Saturday
•‘for a moratorium on spectacular
Presidential utterances and spec-
tacular Presidential actions” as a
means of aiding “recovery in this
country.”
Land Office Rush
♦ # ♦
Hits Hospital As
# *
Affrays Reported
—
WESLACO The old name of the
Rio Grande Valley Press Associa- I
tion was retained Saturday night '
when members attending a busi- 1
ness session voted down su- st- '
ions for a change.
The regular monthly meeting of
the association was held in the
Cortez Hotel. New constitution and
LIVERPOOL. England -UP-The 'enes Mexicanos C th. he Boys
3ritish Subm rine Thetis was lift- Group' at the Immaculate Concep- instructed to copyright the name
. - ....... _________.__
ing scheme."
Byrd a’tacked the program in a statement after the senate banking
cor m ‘tec had approved 93 490000.000 of lending for such projects
as r ads, railroad equipment, public works and elimination of farm
tenancy. Mr. Roosevelt originally suggested a $2.800.000.000 lending
plan. The committee reduced the total by $103,000,000 and then added
$90 (10.000 for reclamation projects in the weft.
Republicans had asserted they would attempt to make additional
♦ reductions, but the committee ap-
proved the legislation in an unusual
Saturday session without further
reducing the total.
Majority Leader Barkley <D-Kyi|
ticketed the legislation for senate
debate Monday, and said be was
hopeful it could be passed before
the end nf the week
Ajournment prospects hinged on
disposition nf the lending measure,
and leaden were hopeful that it
could be sent to President Roosevelt
by August 1 or 2.
In finally approving the lending
measure, the banking committee
elim.nated an amendment approved
Saturday which would prohibit
loans fnr any projects which would
be in substantial competition” w ith
private enterprise.
The committee agreed that the
WESLACO—Growers in
12 districts will meet Friday
night, July 28, to nominate
members of the Growers In-
dustry Committee to carry
on with grade and size pro-
visions of the present state
and fe<!?ral marketing
agreements, until new agreements
now being drafted without volume
proration provisions can be voted
on.
County agents and assistants will
conduct t' e meetings in the 12 dis-
tricts. all of whicn wr:l be held at
8 o'clock at the places designated
in each district, according to Ro-
bert C. Fvans. field representative
of the Agricultural Adjustment Ad-
ministration.
The joint committee of Valley
growers which is rewriting the pres-
ent marketing agreement* to eli-
minate volume proration was put-
ting the finishing touches on the
new pacts Saturday and S R Sm.th
of Washington, senior econonmst
with the AAA. was prcpirmg to
return to the capital after assist-
| ing the group with the phrasing of
various clauses
Tonnage Determining Factor
Most important other change be-
ing made in the marketing agree-
ments provides that members of the
Growers Industry Committee are to
be selected from co-operative and
independent ranks according to the
amount of tonnage represented by
each group the previous season The
present marketing agreement pro-
vides that four members of the
shippers committee shall be inde-
pendents and three co-ops and the
new agreements will provide for a
division of representation on the
growers committee according to the
actual amount of fruit under con-
trol.
Names of the committees also
would be changed from Growers
Industry Committee to Growers Ad-
ministrative Committee and from
Shippers Marketing Com. ittee to
Shippers Ai.visory Committee.
Revolution Passed
The GIC has passed a resolution
agreeing not to invoke volume pro-
r. tion while the new agreements
are being submitted for a hearing
and a vote of the growers Ballots
are to be so arranged that growers
desiring tn eliminate grade and size
control as well as volume prora-
tion may do so.
Present agreements are being
continued in effect so that grade
and size regulations may be in-
voked at the start of the season
before the now agreements could
possibly be declared in operation
Meetings will be hold simultan-
eously in the 12 district’ Friday
night, when producers will select
at least four nominees for the
Growers Industry Committee from
The secretarv and
will
com-
from
HARLINGEN Valiev eotton g n-
ning hit full ’tride during the
week ending Saturday, rs con-
tinued warm, dry weather kept the
•rction's many gins busy Total of
71 gins Saturday reported 33 258
bales for the season, with consider-
. blv more than half of the season
total having been ginned during
the week just endfd.
The week also saw new regula-
tions placed in effect by the pink
boll worm control authorities. D. M.
McEachern of McAllen, in charge
of the work, announcing ban on
ginning of Cameron county cotton
in other counties after many speci-
mens were found in gin trash. The
ban at present does not apply to
county-line gins pending possible
spread of infestation. McEachern
announcing that control authorities
would attempt to refrain from in-
terfering with county-line gins in
serving their normal territories.
Cameron county cotton seed must
be sterilized before being taken
across county lines, according tn ihe
new regulations Control authori-
ties are continuing to examine gin
trash and take all necessary prp-
cautmns in effort to prevent fur-
ther spread of boll worm infesta-
tion.
Hidalgo county with 26 gins re-
porting. took the lead among Val-
ley counties with Saturday s report,
when a total of 12.687 bales were
counted. Willacy county's 21 gins
were next with 11.199 bales; Cam-
eron county with 20 gins report-
ing. had 8.796 bales; and Starr
county's three gins reported 576
bales.
San Benito's five gins gave that
city the lead among Valley cities
with 3.005 bales followed by Ray-
mondville with 2.921 bales. The Ly-
■ C'ontinard tn Fag* t. < olvmn t>
HARLINGEN — The Valley Bap-
tist Hospital that reported “all
quiet” just before midnight Satur-
day. turned into a madhouse of cofl-
fusion and turmoil a few minute’
later as screaming ambulances
from various sectors of the Valley
thronged the driveway carrying
torn and mangled bodies.
Salvadcr Castille. 27. was brought
into the hospital suffering a cut
on the left elbow and a bad slab
wound in the abdomen He was
not expected to live, according to
attendant’. Castille was the victim
of a fight at Bluetown.
Augustin Rangel. 33. of San Ben-
ito. was being treated for a severe
cut on h s back received at a San
Benito dance hall.
S«~.n
was
shot wound in the back
wounded in a San Benito
hall.
Early Su. day orning officers
were investigating the affray:
STRONG-ARM METHODS
DETROIT— 4’— The strike of
7.000 skilled workers in 11 Gen-
eral Motors plants. Williaan 8.
Knudsen, president of the cor-
poration said Saturday in a state-
ment. is being "conducted by
strong-arm methods and does not
represent the sentiment of the
majority of the workers."
4
denials
overtures
been m. de or were contemplated in
the near future were based large-
ly on the fear it was bel evM that
Germany migh’ interpret the re-
ports as a sign of wer^enir.g in the
B !tish position
Some observers sau’ Indications
nf such s German ntrrpretatinn in
a Berlin foreign off-c" spokesman’s
confident forecast Friday that the
Danzig dispute would rot lend tn
war and that Britain v mild bring
pressure on Poland eventually tn
let th* Fr-~ City rejoin Germany.
Menace Is Cited
Government quarters also stress-
ed the possible harmful effects nn
British-French negotiations with
Soviet Russia for a mutual assist-
ance pact as the resu t nf any indi-
cation Britain was trying secretly
again to appease Germany.
Menacing features also wera
found in the German statement by
some political and diplomatic ob-
servers who attached the most im-
portance to the reference to ‘The
possibility of a non-praerful solu-
tion of the Danzig problem.
LONDON—The Brit-
ish government disowned
Saturday a n y connection
with widely reported ap-
peasement discussions with
Germany while some poli-
tical quarters said thev sens-
ed dangerous implications in
Nazi predictions of a peace-
ful Danzig settlement.
A foreign office spoke’ina called
"fantastic” reports published hero
end abroad that preliminary nego.
tiations already we in progress
looking tn a general European set-
tlement. such a* Prime N nistee
Chamberlain has talked about.
Dheussions Seen
Yet there were strnn” indications
that whether nr nnt they had at-
tained nffic;a1 st'* • nr reached
th* neg »tiating state discussinns
were gmng nn in imnort.int politic-
al quarters nn p tasible terms nf a
VALLEY GROUP FDR SHOVES 4. MMBJ
SLATES MEET DUTY ASIDE
HISTORIC GAVEL
ATLANTA—T—What was des-
cribed as “perhaps the most his-
toric Baptist gavel in the world”
was used Satnrdav by Dr. George
IV Truett of Dallas. Tex., to
open ‘hr sixth Baptist World Al-
liance.
each district,
commissioner of agriculture
select one member of the
mittce and one alternate
each district to admirister the fed-
eral and state marketing agree-
ments.
Schedule of Sessions
Anyone who owns a citrus grove
or an interest in a grove is eligible
to vote for the committee members
and alternates but he must attend
the meetings to vote since proxy
voting will not be permitted. Grow-
ers owning groves in more than one
district may vote in any district
in which they have a grove but
those having only one grove must
vote in the district in which it is
located
Importance of attending the
meetings and nominating th* com-
mittee members was stressed by
Evans
The meetings will be held at 8
p m Friday at the following places
and the present committee mem-
lf"’atlii»F4 *n r»ge t. C-lumn 3l
LIRA SELLS POWER
AUSTIN <A"»- The Lower Colo-
rado River Authority announced
Saturday it had executed a con-
tract for sale to the Houston Light-
ing and Power Company of 15.000
kilowatts of surplus power at
proximately $233,000 annually.
WASHINGTON — —
Secretary Wallace announc-
ed Saturday the govern-
ment would pay exporters
a bounty of 1 1-2 cents a
pound on cotton sold abroad
under a subsidy program
designed to regain for the
United Stales its “fair share”
of world markets.
An equivalent payment will he
made on exports of cotton goods
processed in this country.
Wallace reserved th* right to
decrease or increase the rate if
such a change is "regarded essen-
tial to the success nf the program ”
Opening Dale Set
The program will b"com* ef-
fective at 12:01 am, 'EST». Thurs-
day. July 27. and payments will
be made on cotton sold fnr expnrt
nn nr before June 30. 1949.
"The purnose of this export pro-
gram." Wallace said, "is to assure
the United States its fair share nf
the world trad* in cottnn and to do
sn bv restoring th* normal com-
petitive po’itmn of American cot-
ton in w-nrld mm kets ”
Increase Predicted
Exports for the season cln«inc
July 31 are expected to total about
3.400.000 bales. Ihe smallest in 60
years Wallace did nnt state what
he thought this country's “fair
>-hare” should be. but assistants said
he honed to s*ll between 6.090000
and 7 000.000 ba’es abroad during
the n-rt 12 Months.
The rates of payment nn cottnn
goods exported will range from
one cent to 2 10 cents per pound
net weight, depending upon the
character nf th* grind*.
Is Second Program
The cottnn export program is the
second nf its kind inaugurated
within the past 12 mnnth’ by the
agriculture department tn increase
sales nf surplus American
‘ products abroad
government started payment
bounties on wheat exports
language of the amendment was so that time, it ha« paid
averaging 27 4 cents a
93.000 0'1 bushels sold
buyers.
Officials attribute the sharp drop
in cotton exports in rr'cent years
in part to the governmental policy
of making loans to growers at rates
above world prices As a result.
American cotton has tended tn flow
into loan stocks, now totaling about
11 300 000 bales, instead of into ex-
port markets.
C ompetition Helped
Wallace said the bounty payment
should “offset existing price dis-
parities” and maintain American
cotton in a compe’itive position
throughout the season.
"From the standpoint of the en-
tire country." he said, “the im-
portance nf this program cannot be
over emphasized The retention of
the expert market for cotton is
necessary if we are to avoid pain-
ful and costly adjustments in the
south and elsewhere"
Wallace expressed hope “that the
need for making export payments
will be a temporary one."
Program Temporary
“In my opinion, one way to make
such a program temporary would
be the conclusion of an effective
and equitable international cotton
agreement." he said. “I am certain
that the United States will do all
in its power to bring about such
an agreement Meanwhile, other
countries may be assured that this
country has no intention of pre-
(C»ntin«*4 *«i F»«, ?. rnlanin «l
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Matching Search Results
View eight places within this issue that match your search.Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Valley Sunday Star-Monitor-Herald (Harlingen, Tex.), Vol. [30], No. 98, Ed. 1 Sunday, July 23, 1939, newspaper, July 23, 1939; Harlingen, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1327223/m1/1/?q=Lamar+University: accessed June 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .