The Ladonia News (Ladonia, Tex.), Vol. 77, No. 35, Ed. 1 Friday, January 17, 1958 Page: 3 of 4
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State No. 1590
Reserve District No. 11
Report of Condition of The
FARMERS & MERCHANTS STATE BANK
Of Ladonia, Texas
at the close of business December 31, 1957
A State banking institution organized and operating under the bank-
ing laws of this State and a member of the Federal Reserve System.
Published in accordance with a call made by the State Banking
Authorities and by the Federal Reserve Bank of this District. -
ASSETS TOJ2
Cash, balances with other banks, including reserve 00
balance, and cash items in process of collection .... $ 198,542.16
United States Government obligations, direct
and guaranteed ........-..................
Obligations of States and poltical subdivisions ...
Other bonds, notes and debentures .............
Corporate stocks (including $1,500.00 stock of
Federal Reserve bank) .....................
Loans and discounts (including $73.61 overdrafts)
Bank premises owned $9,801.14, furniture
and fixtures $6,021.91 .....................
Real estate owned other than bank premises ...
TOTAL ASSETS .........................
407,500.00
41,674.90
40,000.00
1.500.00
173,281.33
15,823.05
1,900.00
880,221.44
LADONIA
School News
Senior News
The Seniors have really been on
the ball this week and have found
out many interesting things.
Among these was a letter writ-
ten to “you know who” by “we
know who."
It reads as follows:
Dear............
“I feel that you are one of the
finest and sweetest boys I’ve
met.
Cute too. Luck will really come
your way. You have a wonderful
personality. Keep it and you’ll go
far.
THE LADONIA NEWS, FRIDAY, JANUARY 17, 1958
THE
31:
SPEAKS
International Uniform
Sunday School Lesson*
BY DR. KENNETH J. FOREMAN
Bible Material: Acts 2:42-47: Romans
15:1-9; Ephesians 4:17-32: philippians
1:3-11. 5 -
Devotional Reading: Galatians 5:13-26.
Fellowship: Why?
Lesson for January 19, 1958
LIABILITIES
Demand deposits of individuals, partnerships,
and corporations ..................•......
Deposits of United State Government (including
postal savings) ........................
Deposits of States and political subdivisions ..
TOTAL DEPOSITS ....................
Other liabilities ............................
TOTAL LIABILITIES ..................
CAPITAL ACCOUNTS
$770,585.71
.....$
707,989.48
5,933.50
56,662.73
440.20
771,025.91'
Capital .
.... $
Surplus .............................................
Undivided profits .....................................
Reserve (and retirement account for preferred capital)..
TOTAL CAPITAL ACCOUNTS .................
25,000.00
25.000.00
43,968.02
15.227.51
109,195.53
TOTAL LIABILITIES AND CAPITAL ACCOUNTS $ 880,221.44
*This bank’s capital consists of:
Common stock with total par value of..............$ 26,000.00
MEMORANDA
Assets pledged or assigned to secure liabilities and
for other purposes ..........................
47,000.00
I, Frances Land, Assistant Cashier of the above-named bank,
hereby certify that the above statement is true to the best of my
knowledge and belief.
FRANCES LAND
CORRECT—ATTEST:
L. F. FRY
I. B. FRY
W. R. PORTER
Directors
STATE OF TEXAS
COUNTY OF FANNIN ss:
Sworn to and subscribed before me this 8th day of January, 1958.
J. B. EASTMAN, Notary Public
Love........
Senior famous last words: “Bles-
sed are they who go around by
pull for they shall be known as
jerks.
Some body News ???
Our Personality is:
Name, Lynda Scoggins
Age, 13 years
Birthday, June 6
Favorite boy, Bill Tom Lowry
Favorite Girls, Joyce, Wanda, Gin-
ger, Thera.
Favorite song, "Julie"
Favorite singer, Cam Cook
Favorite sports, Basketball and
skating
Lucky number, 10
Ambition, “To Be Cheerleader”
Gossip
Freddie, do you like to skate?
Thera, do you like “Julie?”
Joyce, who’s picture do you get
lipstick on?”
Ginger, why do they call you
Bacholar ?
Wanda, how much mouth exer-
cise have you been getting lately?
Jerry, I thought- it was Sammy
Kay?
IN a “Hamfest” everybody is
1 there because of the same in-
terest: amateur radio. At a phila-
telic convention everybody talks
stamps. They have no other reason
for getting together. At a funeral,
or at a wedding, you sometimes see
odd assortments of human beings,
most
never
of whom
another
saw one
before,
all having only
this one thing in
common, having
met the departed
(by casket or by
honeymoon car)
at some time be-
fore. There are
other kinds of
Dr. Foreman
Mile Run Under
Four Minutes 12
Times in 1957
NEW YORK, N. Y.—The four-
minute miles of 1957:
3:57.2 world record — Derek
Ibbotson, Great Britain, July 19 at
London.
Hotels Accused of
Price Gouging by
UT Football Fans
All Prices Boosted
For Sugar Bowl
In New Orleans
3:58.4
Glasgow.
3:58.5
Ibbotson, June 15 at
Dan Waern, Sweden,
Sept. 4 at Malmoe, Sweden.
3:58.7 — Don Bowden, University
of California, June 1 at Stockton,
Calif.
3:58.8 — Ron Delany, Ireland,
July 19 at London.
N-3:59,1 — Staislav Jungwirth,
gium, Sept. 4 at Malmoe, Sweden.
3:59.0 — Mervyn Lincoln, Aus-
tralia, March 23 at Melbourne.
N-3:59.1 — tSanislav Jungwirth,
Czechoslovakia, July 19 at Lon-
don.
N-3:59.3—Ken Wcod, Great Brit-
ain, July 19 at London.
3:59.3 — Waern, July 19 at Stock-
holm.
3:59.5 — Waern, Aug. 26, at Gote-
berg, Sweden.
3:59.7 — Waern, Aug. 6 at Mal-
moe, Sweden.
N—Denotes non-counting race.
AUSTIN, TEX. — University
of Texas football fans, fresh
England Testing New
"Amazing Little Car"
LONDON, Eng. — The Sunday
Dispatch said Sunday the British
Motor Corp. is secretly testing an
“amazing little car” that uses a
water-filled hydraulic system in-
stead of springs. It said the car
“can corner at 70 miles per hour
without rolling or sliding, and at
30 m.p.h. it has ridden smoothly
over 14-inch deep potholes.
Attend church Sunday.
Dr. Gordon A. Marcom
Physician and Surgeon
LADONIA, TEXAS
100 Bonham Street
FINE WATCH REPAIRING
STATEMENT
Of The Financial Condition Of The
Farmers & Hlerchants Shake Bank
Ladonia, Texas
At the close of business December 31, 1957
RESOURCES
State To Open
Bids On Two .
Fannin Roads
gatherations, too. There are college
fraternities, the main point of each
chapter being that the boys, or
girls, find one another good com-
pany. There are also fellowships
based on some common expe-
rience, like a shipwreck, or having
attended the same high school.
Unique Fellowship
The Christian Church is a fellow-
ship, and when it is not, it has lost
the right to the title of true church.
But it is not like any of the fellow-
ships above mentioned. It has been
called the fellowship of the un-
congenial. That is an exaggeration;
two members of the church may
have been close friends before
they joined it. But natural con-
geniality is not and never was a
necessity for membership. It is
a fellowship of persons who have
all experienced God’s forgiving
grace, whose loyalties are centered
in Jesus Christ. It is said that on
the same morning at the same
service Chief Justice Hughes of
the Supreme Court and a poor
Women's Headgear
Will Have Higher
Crowns for Spring
NEW YORK, N. Y. — Women’s
headgear for spring goes highhat.
The newly formed Millinery Cre-
ators of America, a group made up
of 18 leading New York designers,
referred to the new trend as the
“up-swept look.”
Hat crowns are higher, even on
the sailor; turbans tower upward
eight to 10 inches frrom the brow;
brims turn upward; and even trim-
ming flies high.
Some of the designers at the Cre-
ators’ first fashion show also fea-
tured hats big enough to make a
Texan’s 10-galloner look dwarfed.
Brims measured as much as 25
Loans and Discounts ..
Banking House .......
Furniture and Fixtures
Other Real Estate ...
$157,597.13
9,801.14
6,021.91
1,900.00
Quickly Available Cash:
Bonds of U. S. A. ...
... .$407,500.00
Stock in Federal Reserve Bank . . 1,500.00
Other Stocks and Bonds........77,628.90
Warrants and Vouchers ........4,046.00
Cotton Loans (C.C.C.) .........15,684.20
Cash and Exchange ...........198,542.16
$704,901.26 704,901.26
TOTAL
$880,221.44
LIABILITIES
Capital Stock .................................
Surplus .......................................
Undivided Profits ..............................
Reserve for Contingencies ......................
Deposits ......................................
Withholding Tax ..............................
TOTAL .......
The above statement is correct.
$ 25.000.00
25,000.00
43,968.02
15,227.51
770,585.71
440.20
$880,221.44
FRANCES LAND, Assistant Cashier
D
FUNERAL HOME
E
BURIAL ASS’N.
Mr. and Mrs. Henry Lamb and
Mr. and Mrs. Albert Wooten plan
to leave Friday for Washington,
D. C., where they will visit Mr.
and Mrs. L. M. Martin.
L
and
T
FURNITURE
A
STORE
Phone 7-2222
Ladonia
Mr. and Mrs. Curtis Shires and
Debbie of Dallas visited Mr. and
Mrs. Hershall Huffines last week-
end.
Mr. and Mrs. Roy Sheffield were
in Sherman Tuesday and Wednes-
day with the Thomas Joe Hulsey
family.
COME TO SEE US
FOR ALL KINDS OF GROCERIES,
NICE CLEAN STOCK, PRICED RIGHT.
See us for Johns-Manville Asphalt
Shingles and Colorbestos Sidewall.
Two Fannin county farm roads
are included in the list of projects
on which the State Highway Com-
mission will open bids Jan. 22.
Joe C. Clark, senior resident en-
gineer of the Texas Highway De-
partment, said that the two pro-
jects would total 9.622 miles in
length.
One of the projects calls for the
extension of FM 1743 from its pre-
sent terminus in the Flag Springs,
three miles south of Windom, to
intersect with FM 1550 at Bartley
Woods ,a distance of 3.522 miles.
The bid will include grading, drain-
age structures, base and surfacing
on this project.
The other project is 6.094 miles
on FM 2320 from Bailey to the
Hunt county line, near Wolfe City.
The bid on this project will include
grading and drainage structures.
The design on FM 1743 consists of
a 28-foot crown, approximately six
inches of white rock sub-base for
the full crown width, five inches of
flexible base 20 feet in width and
a two-course surface treatment,
Clark said.
The design for FM 2320 consists
of a 37-foot dirt crown width,
Clark said, adding that the base
and surfacing on the project would
be placed under a later program.
FM 2320 will follow the old Cot-
ton Belt railroad right-of-way. Al-
ready sections of the highway have
been completed from Randolph
west through Whitewright to Torn
Bean in Grayson county.
Clark said that the two projects
had been combined for contracting
purposes because of their proxi-
mity and a saving in cost. The pro-
posed work is scheduled for com-
pletion in 150 working days.
Bids on these two roads were de-
layed several times due to failure
of landowners to sign right-of-way
deeds.
Surveyors of the highway depart-
ment are now surveying a route
for the farm road from Highway
78 through Nunnellee and Ector
to intersect U. S. 82 at Ector.
inches tip to tip. And one hat in
the group, from John-Fredericks,
woman who took in washing joined a4 ,
,was a copy of the sombrero.
the same church. It is highly un- — -
likely that the jurist and .the wash-
from the Sugar Bowl game, today
accused New Orleans’ hotels of
price gouging in a royal way.
They also protested being dock-
ed $1.55 in a French quarter night
spot for a nickel soft drink.
“I’ve been to New Orleans be-
fore. Normally, you’d pay 50-cents
for a coke. I don’t mind that,” said
Jack MaGuire, executive-secretary
of the University of Texas Ex-
Students Association.
A University of Texas Athletic
department spokesman hinted at
being miffed, too—but kept mum.
Wilbur Evans, director of sports
publicity for the Longhorns reluc-
tantly recalled the 39-7 drubbing
given Texas by Mississippi, and
said:
“No one at the university wants
to criticize the situation in any-
way, particularly after the lick-
ing we got.”
No ‘Sour Grapes’
Evans implied somebody might
reply “sour grapes.”
However, he confirmed the
University of Texas football squad
was billed for three days in a
hotel—despite the fact the team
spent on] yone night in New Or-
leans.
“I expect,” Evans added, “we
feel the same as everybody else.”
But he shied at saying how ‘every-
body else” felt. ‘I really don’t
know,” he said when asked.
MaGuire, however, readily volun-
teered that "fussing" over prices
broke out in New Orleans and con-
tinued back to Austin on the spec-
ial Sugar Bowl train.
Hotels Worst
“The hotel situation brought the
most gripes,” he expalined.
“They insisted on three days being
paid in advance, that rule is in-
violate, and there is no refund if
the reservation is cancelled,” he
said. Hotel and motel prices, Ma-
Guire, said, were “doubled or trip-
led.”
Visiting Mr. and Mrs. Hershall
Scott last week were Mr. and
Mrs. H. C. Troutt, and Mrs. Vir-
ginia Priestly, all of Dallas.
H. S. Winans, Jeweler
8815 Lee Street
Greenville
1
There also are brimless
hats,
Let Us Check Your Car Or Truck
For The Months Ahead.
CARS WASHED With Good Water
BATTERIES CHARGED Fast or Slow
Supply of PRESTONE ANTI-FREEZE
ALL POPULAR BRANDS OF OIL
Doug Raney Service Stati
Phone 7-2061
BiitesuanzEt
BZ
29807882
WE SAFEGUARD
YOUR HEALTH
Where your family’s health is con-
cerned, you can place complete
We invite our friends to visit us
for their Mound City Paints,
Hardware and Implement Repairs
A. B. CAIN HARDWARE
Complaint
Sam got a dollar too much in
his pay envelope one week, but
did not say anything. The next
week the paymaster discovered
the error and deducted a dollar.
"Say," Sam said, “I’m a dollar
short.”
“Well,” said the paymaster,
“you didn’t complain last week
when you were a dollar over.”
“Yes, but a guy can overlook
one mistake. When it happens a
second time, it’s time to com-
plain.”
erwoman could have had much
fun on a picnic together or would
have made good partners at a
dance. But they both knew in their
hearts what it was to love the
Lord Jesus.
Fellowship With a Purpose
But it is not only a past exper-
ience, however treasured, that
binds together the fellowship of
the family of God. It is both pres-
ent experience and a living inten-
tion: that is, what is happening to
us and in us now, and what we
unite to do, that also makes this
fellowship unique. Consider those
four items mentioned in Acts about
the earliest Christian church: (1)
the apostles’ teaching, (2) fellow-
ship, (3) breaking bread, (4) pray- I
ers. The Christian church is the
only group, organization, or society
in the world that stresses this com-
bination. It is the only fellowship
where the Bible is regularly studied
(the apostles’ teaching); where
fellowship is based on relation with
the Son of God; where the sacra-
ments are observed; and where
| people learn to pray. (By the way,
what does your church do to teach
its members how to pray?)
Harmony of Glory
I There are many expressions in
the New Testament putting the
purpose of the church, or one part
of its purpose, into a single happy
phrase. One such is in Romans
15:5. Abbreviated, it runs: “May
God grant you to live in such har-
mony with one another, in accord
with Christ Jesus, that together
you may glorify God.” We said
that the church is the fellowship
of the uncongenial; but the mir-
acle the true church works is de-
veloping a divine harmony even
among these many sorts and con-
ditions of Christians. But harmony
for what? Not for its own sake,
but to glorify God.
This does not mean the church
is to be a hymn-singing society,
though a church that won’t or
can’t sing is certainly in a bad
way. To glorify God does not mean
simply to praise him. It means'
(in the New Testament sense) so
to live, as sons and daughters of
God, that other persons will be
attracted to God through you.
Every church member ought to be
one good reason for believing in
God. When a Christian says “I
believe in God,” if he told the
many of them with cone-shaped
crowns.
One thing all the hats do is show
the face—a welcome switch from
that style of a couple of seasons
ago when about all you could see
of a girl’s face under the hat was
her chin.
The upswept look, the designers
said, is necessary to provide cor-
rect proportion with the shorter
skirts and chemise silhouettes of
spring dresses and suits.
Mr. and Mrs. John Paul Ro-
derick, John Dale, Mrs. Laura
Tidrow and Cecil Scarborough
spent Sunday in Walters, Okla.,
guests of Mr. and Mrs. E. P. Tay-
lor and other relatives.
B. J. Erwin of Dallas visited
his mother, Mrs. G. M. Erwin dur-
ing the weekend. Mrs. Erwin re-
turned home with him for a few
days visit.
Attend church Sunday.
*0
.4s”'“
0 BLIND AREA
Now you can wear bifocals with comfort.
No jump, blind area. You walk, read and
step naturally and normally. Let us show you
the new Panoptik Bifocals.
DR. CRAWFORD'S CLINIC
SULPHUR SPRINGS
Convenient Terms Pay Weekly
Good Glasses If You Need Them—Good Advice If You Don’t
Capt. Elvin Fisk, who is at-
tending an Army Medical School
at Fort Sam Houston, San An-
tonio, plans to be home with his
family for the weekend.
Mr. and Mrs. W. G. Bridges and
C. W. Osborne, all of Dallas, were
here last week to visit the A. L.
Osborne family and also to attend
the funeral services of A. J. Pear-
son.
Visiting Mrs. L. A. Sealy Sun-
day were Mrs. Gracie Harris and
Ann, Mr. and Mrs. Bobby Woods
and son, all of Dallas, and Mr. and
Mrs. Charles Montgomery and
Diana of Commerce.
Peggy Raney of Paris spent the
weekend with Mr. and Mrs. F. D.
Raney.
Mr. and Mrs. Hershall Burrell
of Bonham visited Mrs. Estella
Erwin, Sunday.
1858
9.
faith in our professional coopera-
Non with your doctor. Well fill his
prescriptions accurately ... give
you prompt, while-you-wait service.
FRY’S DRUG STORE
WE APPRECIATE YOUR BUSINESS
PHONE NUMBER 7-2161
Air Conditioning-temperatures made to order—
• for all-weather comfort. Get a demonstration I
Branch Office
A panhandler with a hat in each
hand approached Mr. Jones.
“What’s the idea of two hats?”
he asked.
“Oh,” explained the panhandler,
“business was improving, so I
opened a branch office.”
Mr. and Mrs. C. C. Barnett and
Mr. and Mrs. Bobby Roach and fa-
mily, all of Fort Worth visited
Mr. and Mrs. Roy Porter and Mrs.
W. T. Porter of Windom, Sunday.
J. R. McFarland of Dallas was
in Ladonia this week on business.
Income Tax Work
C. A. Cockrell
PECAN GAP, TEXAS
whole story he would add: “_be-
cause of’ So-and-so,—because of
certain people I can name. I be-
lieve in God because I saw what
God can do with people, what he
made out of them.” It is a terrible
thing when it is the other way
around, and a man says, “I should
like to believe in God but can’t.
I ve known a few church members
and if their God had anything to do
with making them what they are,
I for one don t want anything to
do with him.” Let the church glo-
rify God, not slander him!
Mr. and Mrs. Albert Wooten
have returned home from Rolls,
where he has been employed for
the past several weeks.
Mr. and Mrs. Jack Deatherage
and Mrs. Trula Deatherage were
in Dallas, Monday to be with Coy
McClanahan, who is ill.
Dr. JOHN E. PRICE.
THURSDAY and SATURDAY
AFTERNOONS
MATTHEWS CLINIC
E. SIDE SQ. HONEY GROVE
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Morrow, Joe T. The Ladonia News (Ladonia, Tex.), Vol. 77, No. 35, Ed. 1 Friday, January 17, 1958, newspaper, January 17, 1958; Ladonia, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1650396/m1/3/?q=Lamar+University: accessed June 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .