The Houston Post. (Houston, Tex.), Vol. 36, No. 332, Ed. 1 Tuesday, March 1, 1921 Page: 1 of 18
eighteen pages : ill. ; page 21 x 16 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:
f
MM
r r
THE
USTON POS
VOL. 36, NO. 332
HOUSTON, TEXAS, TUESDAY, MARCH 1, 1921
18 PAGES—PRICE FIVE CENTS
PROFITEERING LAW
IS INVALID; CASES
TO BE THROWN OUT
. %
Levei' Food Control Act
Declared Unconsti-
tutional
"Greatest" Convention Opens
Here For Texas Shoemen
Presiding Officer
BILL RESULTED
IN MANY SUITS
Statute Is "Broad as Human
Imagination," Justice
Says
Associated Press Report.
WASHINGTON. Feb. 28.—The su-
preme court Monday held unconstitu-
tional the sections of the Lever act un-
der which the government stopped the
cgal strike of 1010 and subsequently
launched its campaign to reduce the cost
of living by prosecuting alleged hoarders
and profiteers in foodstuffs and other
necessities.
The court's opinion was rendered spe-
cifically in an appeal by the government
from a decree in lower courts quashing
an indictment against an alleged profiteer
in sugar, but it was sweeping in its terms
and will have the effect of ending all
prosecutions begun by the department of
justice in its cost of living campaign.
Miners' Case Affected.
Action of the government in obtaining
junctions to stop the strike of bitu-
minous miners in November, 1010, was
lot before the court, but department of
uxtice officials said that it was under
ection 4, which was held invalid, that the
government had proceeded against the
/ miners.
The opinion of the court was based
largely on the indefiniteness of the sec-
tions under review. Chief Justice, de-
parting from his prepared opinion, re-
marked that the scope of the sectons ap-
parently was "as broad as human imagi-
nation" and that the "degree of crimi-
nality was left to ever changing stand-
ards."
Conviction of the L. Cohen Grocery
company of St. Louis, in having charged
n unreasonable profit on sales of sugar
'was set aside by the court.
Lower Courts Sustained.
In taking this action the court sus-
tained decrees of lower courts which had
sustained a demurrer to the indictment
Sof the grocery concern. The specific
charge was that the defendant charged
| $10.70 for 150 pounds of sugar, or at the
rate of more than 20 cent# a pound.
The conviction of the firm of Weeds,
Inc., of Bingbamton, N. Y., also was set
aside.
Hundreds of cases growing out of the
government's campaign to reduce the cost
of living are affected by the opinion. A
number of these cases have reached the
: supreme court, while many others are
. pending in lower courts.
Constitution Violated.
The court sustained lower courts in
granting to 13 retail merchants of Den-
ver, Colo., an injunction restraining the
federal authorities from enforcing pro-
visions of the Lever act.
Practically all of the attacks against
the act were based on the ground that it
violated the fifth amendment to the con-
stitution in that it deprived the defend-
ants of their property without due pro-
cess of law. Other arguments were
based on the allegations that enactment
of the law on October 23, 1010, after hos-
tilities had ceased, was not a proper ex-
ercise by congress of its war powers. It
also was argued that the sales were en-
tirely intrastate and therefore outside of
federal jurisdiction.
.
Believe Miners' Case
Will Be Thrown Out
Associated- Press Report.
SPRINGFIELD, 111., Feb. 28.—Belief
that the suprece court's decision denying
constitutionality ## sections of the Lever
act would throw the Indianapolic coal
■, indictments against miners and operators
out of court was expressed here Monday
afternoon by Vice-President Harry Fish-
wick of the Illinois United Mine Work-
ers of America, one of the miners' of-
ficials under indictment.
♦ ♦ ♦
Newberry Case Still
Not Passon On
Associated Press Report.
WASHINGTON, #eb. 28.—Important
cases in which tb« supreme court failed
Monday to render opinions included those
' of Senator N«rwb*rry of Michigan, con-
victed in lower courts of conspiracy to
violate the federal corrupt practices act;
the suit of the Coronado Coal company
against the United Mine Workers of
A'nerica for damages under the Sherman
anti-trust act; the so-called invested
capital case and the child labor case.
♦ ♦♦
LOWER COURT UPHELD.
Associated Press Report.
WASHINGTON. Feb. 28.—The su-
preme court Monday affirmed lower court
decrees restraining the secretary of the
interior and the commissioner of the
gei. al land office from rejecting a land
i<e.r. ion list filed by the Central Pacific
railroad involving tracts now included in
power sites reserved in California. '
The land involved was included in an
"indemnity selection list" filed by the
(V- tral Pneifie in the land office at Red-
dini*, California, in February. 1010.
Before the list was passed upon by the
Cvernment officials, however, the lands
d been withdrawn for power site re-
serve*.
j ■ /. ...
T. M. Scoggins, Late Presi-
dent, Honored at Open-
ing Session
L. E. LANGDON.
Vice President Texas Shoe
Association.
Retailers'
37 BODIES ARE
RECOVERED FROM
INDIANA WRECKj
Identification of Victims
Slow; Process May
Take Weeks
Associated Press Report.
PORTER. Ind.. Feb. 28.—The last
body Monday night was believed to have
been removed from -the debris of the
wreck Sunday night when a New York
Central train cut in two a Michigan
Central flier at the intersection of the
two lines here, but identification of the
dead was still progressing slowly.
The oficial list of dead Monday night
stood at 37, but only about 30 had been
identified positively.
Seven or eight of the bodies' may never
be identified. The wreck left them in
such condition they can not be recogniz-
ed.
Only one part of the debris remained
to be searched Tuesday, the twisted,
broken hulk of the New York Central
engine which tore through the wooden
Michigan Central passenger coach with
such force that it was buried several
feet in the soft earth.
This had been partly undermined.,
however, and it was thoaght that all of
the bodies had been recovered.
Monday night 41 of the dead had
been taken to the little furniture store
morgue in Chesterton, one mile away,
and the other two had been removed
to Michigan City, Indiana.
Only six of the bodies^) been taken
from the Chesterton m«/»e, the slow
identification probably berfig responsible
for failure of relatives to 'call for them.
Many Versions of Wreck.
Early Monday the ground around the
wreck, within a radius of 200 feet, was
strewn with pieces of clothing, and in
some instances parts of bodies were re-
covered 100 feet from tbe wreck.
Rails were bent at right angles, ties
torn up and the roadbed cut up until it
resembled a plowed field.
There were almost as many versions
of the cause of the wreck as there were
persons giving these versions.
The statement of the towerman that
the New York Central train had the right
of way was upheld by his fellow-citizens,
but Michigan Central trainmen who came
to help clear away the debris steadfastly
maintained that the Michigan Central
engineer was not to blame.
The condition of the Michigan Central
train after the wreck presented what
would appear to be a phenomenon to the
laymen.
The engine and two baggage cars of the
train were athwart the crossing and were
not off the tracks. The next two coaches
were smashed to pieces and the last four
had been derailed.
Missed Block Signals.
This led some to believe that the train
might have had a clear right of way
over the crossing and that the derailing
(Continued on Page 2—Column 1.)
When Mayor A. E. Amerman Welcomed
the Texas Shoe Retailers association and
the Southwestern Shoe Travelers associa-
tion to Houston Monday morning at 10
o'clock at the Rice hotel for the purpose
of holding for three days their ninth an-
nual convention, he welcomed the largest
convention of its kind that has ever come
to Houston.
W. C. Munn. general chairman of the
Houston committee, called to order at
10 a. m. the meeting which officially
opened the convention. Following a few
appropriate remarks, Mr. Munn intro-
duced Dr. William States Jacobs, who
pronounced invocation. Mr. Munn then
presented to the shoemen Mayor Amer-
man, who told them of the welcome with
I which Houston greeted them. In his talk
i he took occasion to have a bit of fun with
I the shoemen as well as compliment them
I as business men who ranked among the
highest of citizens. He qualified his re-
marks by stating that a man can not stay
in the shoe business and not be a good
citizen. He said that the shoe merchant
ranked with t^e banker as a power in the
community.
L. E. Langston Responds.
L. E. Langston of Fort Worth, first
vice president of the retailers, responded
to the mayor's address. He said that
through an unfortunate occurrence it was
necessary that he and not another man
should respond to Mayor Amerman. He
then told of the death of their late presi
dent, T. M. Scoggins. As Mr. Langston
was eulogizing the late president, a bell-
boy entered bearing a huge wreath, a re-
membrance from the shoemen. All stood
in silent prayer.
Speaking of other conventions, Mr.
Langston said that the Houston conven
tion is the greatest that he has ever at-
tended. He praised the efforts of the
committeemen who planned and prepared
the convention, and said that unless his
fellow shoemen have been to a large num-
ber of conventions, it would be difficult
for them to realize how much preparation
had been spent toward making the Hous-
ton convention a success. In closing, he
urged all members to be prompt in at
tending the meetings which the commit-
teemen had scheduled. Otherwise, he de-
clared, they would be shown a marked dis-
courtesy.
Dr. Jacobs Speaks.
Due to the absence of Thomas B.
Lewis. Dr. Jacobs also responded to the
address of welcome. "Clothe both ends
of the man," he said, "and that man will
be well dressed." He declared that no
matter how good a man's suit may be,
if his hat and shoes are shabby, then the
whole man is shabby. "Many," he said,
"judge a man by his face, but I can tell
a man's character by the way he keeps
his shoes." Dr. Jacobs urged the shoe-
men to advocate and support sensible
styles in shoes, for much of the world's
troubles are caused by ill-fitted feet, he
declared.
With the conclusion of Dr. Jacobs'
talk, the meeting was turned over to the
State officers. A number of the mem-
bers of the shoe travelers were in the
room. They retired into another room
and went into session.
Personnel of Committees.
The session of the retailers was con-
tinued after the travelers left the room.
Questions of a routine nature were dis-
cussed. The meeting was concluded
with the announcement of the personnel
of the committees by Secretary E. L.
Kelton as follows: Executive—O. A.
Murphy of Denton, chairman; R. D.
Chastain of Beaumont and M. G. Mor-
ris of Palestine. Finance—Harry
Wheeler of Waco, chairman; R. M. Lo-
gan of Fort Worth and W. E. Buckley
of Houston. Legislative—L. F. Tuffly
of Houston, chairman; W. H. Watson of
San Antonio and E. M. Thomas of En-
nis. Membership—A. E. Kahn of Port
Arthur, chairman; W. H. Longmoor of
Denison and E. M. Thomas of Ennis, H.
A. Miller of Waco, E. L. Kelton of
Houston. Freight and transportation—
M. L. Bridges of Dallas, chairman;
George Volk of Dallas and W. E. Buck-
ley of Houston. Insurance—H. W. Sut-
ton of • Beaumont. Arbitration—B. E.
Weber of San Antonio, chairman; R. D.
Chastain. Credentials—L. E. Langston
of Fort Worth, chairman; E. M. Thomas
of Ennis and E. L. Kelton of Houston.
Style—R. M. Logan of Fort Worth,
chairman; L. E. Tuffly of Houston, Will
Griffith of Dallas, R. D. Chastain of
Beaumont and Ben Weber of San An-
tonio. Nominating—L. F. Tuffly of
Houston, chairman; A. E. Kahn of Port
Arthur, R. M. Logan of Fort Worth, E.
M. Thomas of Ennis and W. E. Buckley
of Houston. Resolutions—George Volk
of Dallas, chairman; E. L. Kelton of
Houston, Joe Baehr of Houston and E.
M. Thomas of Ennis. Press—Arthur
Johnson and W. E. Buckley of Houston.
Business Session.
The morning meeting was the only
business session held during the day.
When this was over the shoemen had the
entire afternoon for giving Houston the
"once over" and inspecting the shoes on
display' at the auditorium. Many of
those who had not registered in the
morning did this important feature in the
afternoon. By evening several hundred
names were on the list. Although there
are not that many names on the register,
it is estimated that there are at least
2000 visitors in the city. A large num-
ber of these are men who came here
with exhibits from the east and north.
By Monday afternoon the city andito-
(Continued on Page 3—Column 1)
COSTA RICAN ARMY
SURRENDERS COTO,
WAR IS AVERTED
Enemy Forces Capitulate in
Presence of Panama
Volunteers
INVADERS SOON
MEET DISASTER
Attempt to Seize Land East
of Golfito River Aban-
>
doned, Is Belief
Associated Press Report.
WASHINGTON, Feb. 28.—Threatened
war between Panama and Costa Rica was
averted early Monday with the surrender
of the Costa Rican army in Coto, accord-
ing to word received here by J. E. Le-
fevre, charge d'affaires of the Panaman
legation.
Mr. Lefevre called on Secretary Colby
and informed him of the changed aspect
of the situation.
Following a conference with Ricardo
J. Alfaro, Panaman minister of interior,
and Secretary Colby, Mr. Lefevre said
he understood that the Costa Rican at-
tempt to seize territory east of the Gol-
fito river, recognized as Panaman-under
the "status quo of the Pacific," had been
abandoned.
* + ♦
2 Costa Ricans Killed;
35 Taken Prisoner
Associated Press Report.
PANAMA, Feb. 28.—Two Costa Ri-
cans were killed and nine wounded and
two Panamans were wounded in fighting
at Coto, on the Pacific side of the Costa
Rica-Panama frontier. The entire Costa
Rican force which occupied Coto, was
captured.
Thirty-five additional prisoners were
taken when a Costa Rican launch was
captured by Panamans. Their arms and
a machine gun also were taken.
It is not known here whether casual-
ties resulted when Coto, which was seized
a week ago by the Costa Ricans, was
retaken by the Panamans or from the
engagement Monday when the armed
launch was captured.
Coto was re-occupied by the Panamans
headed by a force of 100 cavalry com-
manded by Colonel Lr.;;vno Gaston.
Another demonstr'at'on against Presi-
dent Porrias took place Monday after-
noon. Americans are still guarding the
presidential palace.
EMERGENCY1
PASSED FINALLY BY
SENATE; 49 TO 36
Measure Goes to President,
Who Is Expected to
Veto It
VOTE SEES PARTY
LINES BROKEN
Opponents Make Final Bit-
ter Fight Against
Bill
Previous dispatches concerning the
trouble between Costa Rica and Panama
have contained no references to demon-
strations aganist President Porrias nor
have there been any intimation that
American forces were guarding the presi-
dential palace.
BOY FOUND HANGING
BY CLOTHES LINE AT
HOME AT HEIGHTS
Mother Discovers 15-Year-
Old Son Dead in Own
Back Yard
Herman T. Fowler, 15 years old, hanged
himself Monday night from the cross-
tree of a clothesline post at the rear of
his home, 843 Rutland street. His body
was found about 11 o'clock. Indications
were that he had been hanging since
about 8. No motive could be advanced
for the lad's act. The discovery of the
body was made by his mother and grand-
mother. Westh'eimer's ambulance was
immediately called. Funeral arrange-
ments will be made by that company.
The boy, from all that, could be learned
Monday night from his parents and
grandmother, was an impressionistic
youth. He stood well in the seventh grade
of the Houston Heights grammar school,
where he entered into the spirit of' all
scholastic events and was very popular.
He read lurid stories of a romantic na-
ture which not not please his mother and
step-father, though they did not suppose
he would be so impressed with all that he
read. He received a scolding a few days
ago for some trivial offense and he had
seemed to brood over that considerably.
When he did not come into the house
last night, his mother, Mrs. T. Moore,
and grandmother, Mrs. Laura Moorhead,
went to the porch frequently to look for
him. Finally, going into the back yard
about 11 o'clock, his mother, followed by
Mrs. Moorhead, saw him presumably
standing in the darkness. Mrs. Moore
called to her son, and when he neither an-
swered nor moved, she became frightened
and running to the spot, discovered him
hanging from the crosstree by a bit of
clothesline.
Obtaining a knife, the women cut him
down and carried him into the house and
summoned a doctor. The latter found he
had been dead for some time.
The boy's step-father knows nothing of
his death, having recently gone to Hull to
look after some interests there, and all
efforts to communicate with him last
night failed.
The boy was born on August 15, 1005,
in the State of Oregon, but for the past
few years had lived in Houston with his
mother and step-father.
Funeral arrangements will be an-
nounced later.
Associated Press Report.
WASHINGTON, Feb. 28.—Congres-
sional action on the Fordney emergency
tariff bill was completed by the senate
Monday and the fate of the measure
designed to defeat the slump in farm
commodity prices, now rests with Presi-
dent Wilson.,
Seuate action which was to approve
the report of its conference committee
was by a vote of 40 to 36. Eleven dem-
ocrats pulled away from their party po-
sition and supported the bill, while four
republicans voted against the measure
The house adopted the conference re-
port Saturday by a vote of 205 to 127.
White House Watched.
Supporters of the bill turned Monday
night to watch for the next move at the
White House. Senator Underwood of
Alabama, minority leader in the senate,
recently stated he had assurances that
the president would withhold his signa-
ture. Due to termination of this con-
gress within less than ten days, the
president either can veto the bill and
send it back with his reasons for so
doing or he can simply destroy it by a
pocket veto, which would not give an
opportunity for congress to attempt to
override his wishes. Final votes on the
measure, its opponents declared, showed
slight possibility of the necessary two-
thirds majority being given either in
the house or senate for overriding a veto.
Another sharp fight over the bill took
place before its passage.
Democratic opponents charged that the
republicans were casting the products of
the country into the hands of sugar,
beef and wool trusts, and Senator Sim-
mons. democrat. North Carolina, pre-
dicted that if President Wilson vetoed
the measure, congress would not give
President Harding a chance to sign it.
"Mongrel Legislation."
Senator Thomas, democrat, Colorado,
said that if he were an ill-wisher of the
next administration he would "pray that
Woodrow Wilson sign this piece of mon-
grel legislation."
"Nothing could do more damage to the
republican party," he declared, "than for
this foul tariff to be signed and actually
put into effect."
Senator McCumber, republican, North
Dakota, said he hoped "someone will call
the attention of President Wilson to
conditions in the great northwest" before
he acts on the bill.
"Opponents of this measure," he added,
"should remember that Mr. Wilson is
president of the United States and not
of the democratic party."
Navigation Funds Can't
Be Used for Lobbying
Houston Post Special.
AUSTIN, Texas, Feb. 28.—Funds of
the Houston ship channel navigation dis-
trict raised by taxation can not be used
to defray a portion of the expenses of a
committee in going to Washington to
lobby for additional appropriations by
congress for the ship channel improve-
ment, held the attorney general's de-
partment Monday afternoon in an opin-
ion to C. L. Washburn, county auditor of
Harris county.
"Navigation districts," the opinion
states, "are public instrumentalities com-
monly denominated quasi corporations,
and as such have no powers other than
those conferred upon theA by consti-
tution «r law. either expressly or by
necessary implication."
Champ Clark's Condition
Takes Turn For Worse
Associated Press Report.
WASHINGTON, Feb. 28.—The Condi-
tion of Champ Clark, democratic leader
of the house, who has been ill for 10 days,
was described as critical in reports re-
ceived from his bedside Monday night.
Fears were expressed by his colleagues
that he might not live throughout the
night.
Physicians attending the former speak-
er stated early in the evening that a turn
for the worse had developed.
Soldier Found Dead With
Bullet Wound Near Heart
Houston Post Special.
SAN ANTONIO, Texas, Feb. 28.—Pri-
vate Frederick E. Ide, l£th field artil-
lery, was found dead on his guard post at
Camp Travis early Monday morning, with
a bullet wound near the heart. His re-
volver and other effects were turned over
to an investigating board. Officers Mon-
day would not express opinion as to how
he was killed. Ide's home was Skaneatles
Junction, New York.
EDITORS TO MEET.
MILWAUKEE, Wis., Feb. 28.—The
1021 convention of the International Ed-
itorial Association, Inc., will be held in
Milwaukee Friday night, Saturday and
Sunday, May 20-21, according to an-
nouncement Monday.
Land Bank Act Held
Valid; Millions Ready
For Loans to Farmers
SENATE CONCURS
IN REPEAL OF ALL
WAR TIME LAWS
Prosecutions Already Begun
Will Not Be Affected,
It Is Provided
Associated Press Report.
WASHINGTON, Feb. 28.—The house
resolution providing for general repeal
of wartime laws was adopted Monday
night by the senate and sent to confer-
ence.
Virtually all laws passed during the
war will be repealed by the resolution,
except a few given special exemption,
including the trading with the enemy act,
the Liberty bond act and the act creating
the war finance corporation.
Among the laws which the legislation
would repeal are the Lever food and fuel
acts, part of which were declared un-
constitutional Monday by the supreme
court. The senate judiciary committee
had recommended that the Lever law-
stand but the senate Monday adopted an
amendment by Senator Reed, democrat,
Missouri, including the food and fuel law
among those to be repealed.
The senate adopted a resolution by
Senator Walsh, democrat, Montana, pro-
viding that prosecutions brought under
laws which the resolution would repeal,
should not be affected by the reneal. The
resolution passed the senate and the
naval appropriations bills were laid aside
temporarily. There was no record vote
and no debate except that on Senator
Reed's amendment to strike out the Lev-
er law. In addition to the trading with
the enemy act. Liberty bond and other
laws which are exempted from repeal,
the resolution would restore the original
espionage act of 1017, repealing the
amendatory statute of 1018.
Another provision of the resolution de-
clares that it shall not operate to pre-
vent prosecutions of army and navy de-
serters or of persons charged with vio-
lating the selective service law.
Supreme Court Holds Congress Had Full Authority to Es-
tablish Banks and Exempt Their Bonds From Taxa-
tion—New Bonds Will Be Issued at Once—Funds to
Be Available For Farm Credits Within 30 Days.
Associated Press Report.
WASHINGTON, Feb. 28.—The farm loan act, designed to assist agricliitu-
ral development of the United States by providing readily accessible credits
to farmers through federal land banks, was declared valid Monday by the
supreme court.
In an opinion which Commissioner Charles E. Lobdell of the farm loan
board declared "clears away every legal question and removes every shadow
of question as to the legality of the banks or their bonds," the court held that
congress had full authority to establish the land banks and the authority
■®exempt their bonds from State taxa-
tion.
Bonds to Be Issued.
Commissioner Lobell announced that1'
there would be an immediate issue ofi
farm loan bonds "to an undeterminate
amount" to finance the hundreds of mil-
lions of dollars in loans which already
had been approved by the board and
which were held up pending the court's
decision.
A bond offering will be made as sooni
as the bonds can be made ready," Mr.,
Lobell said. "And immediately there-
after distribution of the funds begun. It
will be at least 30 days, however, before
t Is are available for actu.l loaning.
Ihe farm loan board is hopeful that
the market may absorb rm 'o "• bonds
equal to borrowing demands of farms of
the country, but no one can predict with
safety the result of a financial operation
of this magnitude."
Lower Court Upheld.
The case decided Monday was an ap-
peal from lower court decrees refusing
an injunction sought by Charles W.
i>niith, a stockholder in the Kansas City
litle and Trust company, to restrain that
institution from investing its funds in
securities of the land banks. Contention
was made that the farm loan act was
invalid as congress had neither the au-
thority under the constitution to estab-
lish banks or to exempt their securities
from State taxation.
The court upheld the authority of the
government in both instances. Power to
designate fiscal agencies has been con-
ceded to congress since the days of Chief
Justice Marshall, the opinion held, and
the tax exemption provision was a neces-
sary protection.
Within Scope of State Laws.
Justices McReynolds and Holmes, dis-
senting from the majority of opinion, ex-
plained that they took exception to the
court's assumption of jurisdiction, rather
than to the findings themselves. The case
should have been dismissed they said, as
a matter entirely within the scope of Mis-
souri laws and State courts.
Justice Day, who delivered the opinion
for the court, said it had been contended
"that the power to designate these (the
joint stock land banks) as depositories
has not been exercised by the govern-
ment," but added that "the existence of
power under the constitution is not de-
termined by the extent of the exercise
of authority conferred under it."
Congress declared it necessary to
create these fiscal agencies," he added,
"and to make them authorized deposi-
tories of public moneys. Its power to do
so is no longer open to question."
♦ ♦♦
Houston Land Bank to
Resume Operations
After many months of involuntary in-
activity, the Federal Land bank of Hous-
ton will immediately proceed to conduct
its business as before, an* the 94,000,000
of farm loan applications on hand when
the bank temporarily ceased operations,
will be given prompt attention and clear-
ance? The above sum represents Texas
applications wholly, and does not include -
those of other States which are handled
through other federal land banks.
The decision just handed down applies
equally to the Joint Stock Land bank.
O. S. E. Holland, president of the First
Texas Join! Stock Land bank of Houston
and vice president of the Lumbermans
National bank, on being infromed Mon-
day of the decision, issued the following
statement:
Big Aid to Farmers.
"The constitutionality of the Federal
Farm Loan act as to the sale of Fed-
eral Land bank and Joint Stock La?#
bank bonds free from tax as per 'this
decision rendered by the supreme court,
is the greatest aid that has been given
the farmers and stockmen of the country
since the stagnation in the market of
farm products set in.
"It must not be presumed that this
money will be immediately available to
the farmer, but that it will be made avail-
able within the next few months, there is
little doubt.
"The First Texas Joint Stock Land
bank of Houston will begin to receive
applications for loans at once, subject
to the sale of their bonds. The actual
money will not be put out until arrange-
ments can be made to place the bonds on
the market at par.
"Farmers and stockmen will again be
able to secure long time loans at a small
rate of interest, which privilege has been
denied them for the past 14 months, as
many trust companies and insurance com-
panies have run the rate of interest up
to 0 and 10 per cent and compelled the
borrower to borrow on terms of five j
years time.
Today's Calendar
foeii-st.: of the vtheh.
Associated Press Report.
WASHINGTON, Feb. 28.—East Texas
Tuesday and Wednesday, partly cloudy
to cloudy.
West Texas—Tuesday and Wednesday,
partly cloudy to cloudy, colder in north
portion Wednesday.
Louisiana—Tuesday generally fair;
Wednesday partly cloudy to cloudy.
Arkansas—Tuesday generally fair,
warmer: Wednesday unsettled.
Oklahoma—Tuesday generally fair,
warmer; Wednesday unsettled, colder.
Forecast for Houston and Vicinity Tuesday
—Mostly cloudy, with local rains.
Temperature extremes and precipitation at
Houston for the 24 hours ended at 2 p. m.
February 28. 1921—Maximum 74; minimum
55; precipitation trace.
Atmospheric pressure at Houston at 2 p. m.
30.05, sea level reading.
Sunrise 6:49 a. m.: sunset 6:20 p. m.
Comparative record at Houston for Feb. 28:
Time—
1921
1920
1919
58
59
60
58
63
51
64
67
52
65
71
57
68
71
57
7 a m—Dry bulb 58.0; wet bulb 58.0; rela-
tive humidity 100 per cent.
12 m—Dry bulb 63.6; wet bulb 60.4; rela-
tive humidity 83 per cent.
TODAY'S EVENTS.
Lions' club luncheon at Bender, 12:15
noon.
Annual election Houston lodge of Elks,
8 p. m.
Texas Independence clay—various cele-
brations.
Texas Sheo Men enter on second day
of convention.
Calanthe temple No. 11, Pythian Sisters,
meet in called session, 8 p. m.
Y. W. C. A. luncheon to mothers and
daughters, at 1014 Prairie avenue, at
noon.
Traffic club lunch at Bender, 12:15 noon.
Conopus club luncheon meeting at Rice,
12:15 noon.
Meeting of board of directors of the Auto
Association of Texas in room 310 of
Rice, 8 p. m.
GOLD SHIPMENT ARRIVES.
Associated Press Report.
NEW YORK, Feb. 28.—Arrival of
$0,100,000 in gold on board the steam-
ship Carmania, consigned to Kuhn, Loeb
& Co., was announced Monday. It was
consigned by Rothschild & Co. of Lon-
don.
"It seems appropriate that prosperity.
(Continued on Page 4—Column 3.)
mm
* /
l
J
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 10 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.
The Houston Post. (Houston, Tex.), Vol. 36, No. 332, Ed. 1 Tuesday, March 1, 1921, newspaper, March 1, 1921; Houston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth443303/m1/1/?q=Lamar+University: accessed June 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Library Consortium.