Denton Record-Chronicle (Denton, Tex.), Vol. 54, No. 19, Ed. 1 Friday, August 24, 1956 Page: 4 of 12
This newspaper is part of the collection entitled: Denton Record-Chronicle and was provided to The Portal to Texas History by the Denton Public Library.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
THE DENTON RECORD-CHRONICLE :::
FRIDAY, AUGUST 24,1956
td
9
i
c
128
»
9
»F
b
5
A
=
1
&
"gEx*
/,6
Knew His Groceries
STANDING PAT
BUSINESS MIRROR
Basin-Wide
Survey Of -
THE GREAT OUTDOORS
By Bud Blake
'v
I
em
Denton Record.Chronicle
THE WORLD TODAY
TELEPHONE CENTRAL-SUI
■•Uh J
l
THERE OUGHTA BE A LAW!
p"
e,
F=e,
HE)
I
MEMBER AUDIT BUREAU OF
TIONS
B
J
-
■a
3
i.
V
(
37
...
e
N
HFn
I
yal sin.
e
((G
M
Price Of Money Goes Up
But Market Value Slips
Stassen Digs Political
Grave But He Dies Hard
Daniel Says
Texas Needs
to locate funds to finance mort-
gages on the new home they want
The price of money — what you
pay in interest when you borrow
— is going up in response to the
law of supply and demand. The
demand for money, particularly
on the part of businessmen want-
ing to borrow, Is growing while
3a
7*8
Ad Campaign
HOUSTON u-Sen. Price Dan-
iel said Wednesday Texas needs
an intensive advertising campaign
to tell the nation of the state's nat-
Entered m econd elass mail matter at the postomice at Dsn ton. Texas
January 18. 1921. according to Act of Congress. March 8. 1873. ' - «
39
k
BEFORE ROCKHEAD
DECIDED TO TRADE
H16 LUMP HE
FIGURED OuT
EVERYTHiKG
sharply higher cosumer prices.
So borrowing is allowed to grow
more difficult and more costly. It
is hoped that will help hold down
the rising cost of living. So far
that weapon hasn't seemed to help
the consumer much.
m6,22 .
... TWENTY YARS AGO ’
From the Dallas News as quot-
ed by Roundabout:
"Denton appears to be in the
midst of a real building boom.
The two colleges there have been
erecting a grand array of struc-
tures. and the rest of the city has
been growing proportionately. The
Record-Chronicle reports the issu-
ance of $10,700 in building per-
mits in a recent week and states
that hardly a week has passed this
year without at least one good
sized permit and numerous small
permits being issued."
I
I
f l
i J
j
TEN YEARS AGO
Building permits for august have
reached $98,275.
Beauford Jester was elected
governor of Texas In the runoff
primary yesterday. He defeated
Homer P. Rainey.
EVER/THING,-HAT
16, EXCEPT HOW
ID FIT AN OVER-
SIZED CAR INTO
AN UNDERSIZED ;
CARAGE €
r
" Just LOOSEN "
the BOLTS A LITTLE-
IT'S TOO HEAVY A
MOTOR fotz you
k TO LIFT! 4
Letters To The Editor
The Record Chroniele welcomes and will publish letters from
its readers Each letter must contain the name and address of
the writer, but the name will be withheld at. the writer's request.
The Record-Chronicle reserves the right to print excerpts if the
letter is too long for publication, v
money is going up at the same
1 time that its value in the market
place is slipping.
An Eye For An Eye And
Teeth For Some Teeth
Published every evening (except Saturday• and Sunday morning by:
Denton Publishing Co.. Inc. 314 E Hickory St.
The annual growth in world pop-
ulation has increased from about
20 to 40 million a year in the
past 30 years.
5
NOTICL TO PUBLIC:
Any erroneous renienton apon the character, reputation or standing of
any fir*, individual or corporation will be gladly corrected upon veing
called to the publishers attention i
roe oubishers are not respunsibie for copy om tanone, typographical
errors or any unintentional error that occur other than to correct in
next tasue after it m brought t their attention. Al adverttaing orders
are accepted on -hie basis only.
MEMMEN or ME ASSOIATED P*B8a
The Associated Trees » enutea exclstvejy to the use for publtcatton or
all the deal news printed ta this newspaper, as weU as aU AP news eia-
1i
lne
f&
N
sg
—,P'
:.g
EP..
. SUBSCRIPTION RATES AND INFORMATION
Single Copies: Sc for weekdays: 10c for Sunday
HOME DELIVERY RATE* FOR DAILY 'AND SUNDAY
BY CARRIER: Delivered to your home by city carrier or motor route
on same day of publication, 35c per week'.
BV MAIL ONLY: In Denton. Wise. Collin and Cooke counties, *1.00
per month. 89 so per year (must be paid in aiwance). Elsewhere in
the United States 81.30 per month, *15.60 per year.
COMBINATION MAIL AND CARRIER. Delivered to your homa by
mail on weekdays and Sunday Morning Delivery by Motor Route where
this service is available, 8125 per month. $12.5(1 per year (must be
paidinadvancei >
=
)- $
/—g
HAVTPATTENCEFT
I
, •N
.1 5
(
. 1)
5iy
a 'a
Industry Head
Resigns job.
CLEVELAND um_ ’An Indiana
farm boy who grew up to be one of
the most colorful figures in Amer-
ican industry has retired as chair-
man and director of the Republic
Steel Corp.
Tom M. Girdler, 71, stepped
aside yesterday. He had served
as chairman since Republic was
organized in 1980.
C. M. White was elected chair-
man of Republic, the nation’s
third largest steel company.
White, who has been president,
has been the chief executive offi-
cer of the firm since June 31, 1965
?
■nds it, chances are is rising. This approximates the
and I classical, definition of inflation:.
"Too much money (borrowed in
—p i -
Sir:
In normal weather conditions, one commends a citizen who
takes pride in keeping a green lawn during the summer. But
when these conditions change to very hot summer days, with a
long drought, then commendations are due to those patriotic, civic-
minded citizens who have burned-up lawns, flowers, shrubbery
and trees
, The writer is sorry but proud of such a law, and is even
proud of dying, dried up fruit trees. All these can be replaced
without human suffering.
But should the water he exhausted to the extent that the water
pressure is too low to supply waler to Flow Hospital and to homes
on high elevations, then there will be human suffering.
When one drives over the city, it is really gratifying to note
that a great many citizens are civic-minded enough and thought-
ful enough of others to have allowed their lawns to dry up.
But sad to relate, there are a few citizens who thoughtlessly,
on days when they are permitted to use the water, do so to such
an excess as to make up tor the forbidden days. Some let the
water run for hours and hours, day and night, to such an extent
that their concrete walks are running creeks.
What if a fire should break out in their neighborhood? There
would not be sufficient pressure then, and their own houses and
the entire neighborhood would be endangered.
(Name Withheld by Request)
M.V. I
J
1
(42
k I
*4
Ase H 77
tHr —2..... e
Families Of Blast
Victims Receive Aid
DALLAS— The families of
firemen killed in an oil tank blast
July 39 at the Shamrock refinery
near Dumas received a gift of
*1,104 fro mDallas firemen.
The contribution was in response
to a statewide movement for sup-
port of the victims’ families.
Eight Dumas firemen, including
their fire marshall, and seven Sun
Ray firemen including their chief,
were killed in the blast.
By JAMES MARLOW
Associated Press News Analyst
SAN FRANCISCO W - Harold
Stassen dies hard. He dug a politi-
cal grave for himself and jumped
in. But when last seen he was
still having political twitches.
Stassen, pure poison to most Re-
publican politicians since he start-
ed his fight against Vice Presi-
dent Nixon’s renomination, yester-
day wound up seconding Nixon’s
renomination.
1335
IM
V
9/30
<4;
this case) chasing too few goods."
In the consumer's case it's quite
different. Prices on many manu-
factured items are going up al-
though there are large stocks of
these goods on hand and idle pro-
ductive capacity. There certainly
aren't “too few goods."
The price tags are being marked
up at manufacturing level because
of higher costs of labor and ma-
terials. At the retail level, where
competition is fierce, markups
. A i
Yesteryear
Looking Baek Through
Record-Chronicle File*
When Food Prices Go Up
Ths cost of living has been the news again. The gov-
ernment’s official index recently climbed fractionally
to an all-time high. One reason was a rise in food
- pace*. _____
Kowev*r, before you angrily decide that someone
is extorting you when you go shopping, a few more
1 c.s should he taken into consideration. The National
; lociation of Food Chains reports that food prices
: e still nearly three per cent below the 1952 peak,
i d that the average factory worker's take-home pay
’ ill buy him from 15 to 18 per cent more food now
taan it did in that prior year.
When prices rise, we tend to blame the retailer.
‘i iiat’s a human failing — he's the man who sells us
the goods and takes our money. But the fact is that a
\ ary small part of what we spend at retail does more
than pass through his hands. Food chains, for instance,
commonly earn a profit of about one cent on each
sales dollar Other kinds of stores earn three or four
cents, and often less. The rest of the money goes for
payrolls, supplies, rents, taxes, and so on.
There is still another factor that demands consid-
eration in any price discussion. This is the tremendous
change that has taken place in recent years in proces-
sing. We see it in its most dramatic form in foods
which come to us in virtually a ready-for-the-table
stage, and demand a minimum of time and work on
the part of the housewife. Advanced processing of
this nature requires much labor and costs money, and
the consumer must pay for it.
We get top value when we go shopping—thanks in
large part to our highly competitive mass distribution
system.
It will cost a businessman more
to borrow money this fall. And
when he speLi -_____
hell get less in materials
A K10
- •"/ 277
?
2
5222
--2
T i2ER
.-Vax000Hit,.e
Japan, Russia
Postpone Peace
Treaty Talks
LONDON UB — Japan and the
Soviet Union today postponed fur-
ther talks on a World War II
peace treaty until after Septem-
ber. The Japanese explained that
September is normally the vaca-
tion month for Russian officials.
Negotiations In Moscow between
Soviet Foreign Minister Dmitri
Shepilov and Japanese Foreign
Minister Mamoru Sigemitsu
were interrupted last week so both
men could come to London con-
ference on the Suez Canal.
Their efforts to wright a treaty
ending a technical state of war
were deadlocked over Russia's re-
fusal to return two islands of the
Kurile group just north of Japan
that Soviet troops occupied after
the Japanese surrender. Ruisia
did not sign the 1951 San Francis-
co peace treaty which entd the
state of war between Japan and
most of the World War II Allies.
In his “Physiology of Gout,” Brillat-Savarin, who
was probably the world’s most famous amateur chef,
wrote "Tell me what you eat, and I will tell you what
you are.”
In writing those words, he probably did not have in
mind the specialized infant foods on which young
America flourishes, yet his classical offer today sug-
gests a wisdom even his best friends did not suspect.
Consider, for instance, that the first baby food cus-
tomers — those whose names took up with this new
idea the day it hit the grocery stores—are now turn-
ing 28. And consider further the word of sundry au-
thorities, including medicos, furniture manufacturers
and the U.S. Army, that today’s young people are
bigger, healtnier and stronger than their forebears.
Some are even prettier.
We don’t mean to suggest that everybody over 28
is puny and peaked, but there seems little doubt that
nudging the young hopefuls from a liquid diet into
more serious eating at a tender age is having its effect
on the race.
"Babies,” says that industry pioneer, Dan Gerber,
"are more and more the farmer's best friend.” And
we should like to add that they are also the most
vociferous vindicators of Monsieur Brillat-Savarin.
k 2. ____ '
FIVE YEARS AGO
The charter dinner of the Den
ton Soroptimist Club was to be
held tonight at 7 p.m. in Hubbard
Hall. Dr. Mattie Lloyd Wooten was
installed as president and the
guests included representatives
from the Houston and Dalian Sor-
optimist Clubs.
Then, without visible embar
rassment about this gigantic
switch, he predicted he'd be talk-
ing on political Issues for years to
come. What he may have neglect-
ed to ask himself was: Who
cares?
No one could have cared less
what he thought than the Republi-
can convention.
Aa a political force, Stassen has
been going down for years. And
here he landed in the basement.
No one was ever more alone—or
left more alone—than Stassen and
his anti-Nixon drive.
. Hemight have been able to re-
captor* eome statute—at least as
a prophet—if he had remained
quiet, once he had lost. and if the
Eisenhower - Nixon ticket was de-
feated in the Nov. • election.
But he threw away that possi-
bility when he stood—in full view
of the convention and the national
television audience--and backed
Nixon with high praise.
His argument against Nixon had
been that the vice president, run-
ning with Eisenhower, would cost
the Republicans millions of votes.
614
14 exdg
MORRILL, NEB., MAIL: "Economists say our mon-
etary system should be more elastic. A better idea
• would be to make it more adhesive.”
By DAVID J. ROADS
HONG KONG w-it took a large
economy-size toothache to drive
Po Hsino-chou to a Peiping den-
tist. He should have stayed In bed.
After three weeks of suffering
with a swollen jaw. Po decided to
risk it Like all good°Communists,
he toddled off to the state hospital
in Peiping.
Like all dental patients, he
..heaved a sigh of relief when the
dentist couldn't see him on the
first trip. His fever wasn't high
enough to get him into line with a
horde of other patients. But the
tooth nagged and a short time
later, Po whipped up his courage
and trotted off to the state hospital
again. This time they admitted
him.
There was a big crowd in the
.waiting room again, no, just to
while away the time. Po picked
up a thing called the "Suggestions
Book." a Communist invention in-
which people inscribe their corn
plaints about life in a workers'
paradise.
"I began to read," said Po, in
a feature article written for the
Peiping People's Daily. And the
more he read, the more his fever
rose.
One patient wrote:
By SAM DAWSON , the supply of lendable funds is
NEW YORK U—The price of very tight.
"EKbk RetasyerCohorfulSteel
FORT WORTH — Because of the
increased water needs of major
cities and industrial and agricul-
tural interests in the Trinity basin,
the river and Its water possibili-
ties must be studied on a basin-
wide basis to determine demands
for the present and future. Col. Hu-
bert S. Miller told a professional
club here.
Miller, vice president and gen-
eral manager of the Trinity Im-
provement Association, said the
growth of the Fort Worth-Dallas
metropolitan area and new indus-
trial development throughout the
basin justify a complete economic
and engineering study of the en-
tire watershed.
Means of fully utilizing the en-
tire stream flow—including reuse
by literally pumping water uphill
from a lock or reservoir to a high-
er unit — also must be developed,
he declared.
In IMS. he said, the State of
Texas used only 15 per cent of the
water which flowed down its
rivers.
The stream discharge Into the
Gulf amounted to *3,300.000 acre
feet—326,000 gallons per acre foot
— while water used in the state
added up to only 7,700,000 acre
feet.
On the Trinity, based on a 50-
year average, more than 6,000,000
acre feet of water flows down the
river into the Gulf in a 12-month
period, he said.--
The major problem will be how
to control and distribute the water
in the future, he said.
vfugmgGesgs,pagansut.xyg
%7 --—-
U. S. Halts
Foreign Aid
Flow To Egypt
WASHINGTON U_The United
States has halted the normal flow
of foreign aid technicians to Egypt
and -has taken teps to hold up
delivery of some 20 million dollars
worth of heavy transportation
equipment
Those twin moves have been
ordered by the International Co-
uperation Administration as a pre-
caution, pending settlement of the
bitter Suez Canal dispute.
Responsible officials said eome
“minor" foreign aid shipments
are continuing.
Further, they said, the United
States has no intention at present
of closing down its 102-man for-
teignaid mission in Cairo.
About five technicians a month
move to Cairo under normal con-
ditions. Those who were ready to
go there have been given extended
, home leaves.
The major undelivered foreign
aid items Involved are railroad
engines, freight can, tugboats,
barges, a dredge, railroad ma-
chine shops, railway ties and
some waterway equipment.
Some $35,800,000 worth of for-
eign aid suppl lea for Egypt art
reported in the pipeline. Some of
thia has already moved ahead
normally but foreign aid officials
report it amounts to “only a
trickle" of small items.
W
Ah J
—I
(uuP’rLLuAVE)
I TO BUILD A J
V NEW K
0 -pe
4
2
UI
services than he could have last
I niUtV' HV CU 1 consumers are finding it costs
J J l more to buy many items. At the
same time they are finding it hard
aren't nearly as widespread, ural resources and recreational
Money is tight for several rea- facilities.
sons. The great demand for it is En route to campaign appear
ances in Galveston. Daniel told
supporters at the Houston airport
one. The demand comes from bus-
inesses wishing to expand to pre-
pare for the even greater pros-
perity they foresee, from mer-
chants carrying costly stocks. and
from consumers buying on time.
The supply of it, while growing,
isn't keeping up with demand.
Basically the supply of money for
investment comes from the sav-
ings of individuals and corpora-
tions. The rate of savings varies
as consumers go on spending
sprees or tighten up for awhile.
But business notions now ofhow
big an industrial plant the nation
will need in the next few years
are much bigger than current sav-
ings can pay for.
The Federal Reserve Board
could ease credit considerably. It
could let the banks have more
money to lend. By supporting the
bond market as it did just after
the war it could halt the rise in
interest rates.
Rut th* f adoral rtserva ariky is
to keen money sufficiently light
to head off any upswelling of in-
flation which it feels would follow
the pouring of cheap money into
expansion plans and new business
.: he also favors increased emphasis
। on the use of natural gas "for
the benefit of our own people"
and for the attraction of new in-
’ dustries to Texas.
"The attraction of new indus-
trial and citizens to Texas is an
. insurance policy for continued
i prosperity," he said. “We must
> advertise our state's resources
and recreational activities and
' keep our economic climate
i healthy by avoiding punitive taxa-
i tion and by encouraging good la-
bor relations."
Texas, Daniel said, is attractive
1 to residents of other states be-
• cause it has no income tax or
' general sales tax.
' "A state as wealthy as Texas
has no business adding to the
burden of its people with a gener-
al sales or income tax,” the can-
didate for governor salt.
At San Antonio, Daniel indicat-
ed he was supporting the Demo-
, cratic presidential ticket of Adlai
Stevenson and Estes Kefauver.
Since business is bidding for con-
struction materials and for such
capital goods as machinery and
tools, and since the supply of many
of these items is tight. their price
“Today you smashed my tooth
while pulling it out hard. Because
the under part of the tooth was
still there, operation was required
to take it out. So you pulled apart
the opening with knives and used
drill. chisel and other instruments
to extract it. Then in stitching
the opened part you broke three
needles.
“Then, you waited for a long
time for new needles borrowed
from other sections. This time, you
snapped the needle point and what
was worse, the point just disap-
peared. You searched inside my
mouth for the broken piece and
even used small' hooks to probe
the part operated on.”
For a while, Po could read ne
further. He wondered it his ailing
tooth really had to be taken out.
Po turned the page and found
the doctor’s reply to the patients
complaints.
"Comrade. your remark is bas-
ically correct. We accept it whole-
heartedly.
"But the situation on that day
requires explanation. Your tooth
has had an abnormal growth and
thia, makes our job difficult
"As to the broken needles, they
are homemade ones bought in
Shmanghai. As the needles are not
of good quality, we wish here to
apologize to you on behalf of the
needle factory.
"As to the time spent in locating
the broken needle point. It was
entirely worthwhile. For if the
point weg left in the jaw, it might
develop complications." .
“However, we have ‘done our
very best and the point has not
been found. Maybe, It might have
been washed away together with
the blood."
“I had the creeps," wrote Po. "I
turned tense. But just then the
nurse called my number "
Trembling, he entered the con-
sultation room.
“Remembering what I had read
in the suggestions book, I was on
guard," Po said.
“The doctor started probing the
inside of my mouth with a spoon
like mirror and a small hook.
Knocking my teeth one by one the
doctor finally located the had tooth
and decided to pull it out.” _
The operation was a success: No
pain. On his way home. Po kevt
his mouth shut, so germa wouldn't
get into his mouth. Back home,
he laughed over the panic the sug-
gestions book had brought him
“I started a good tough and
looked at my laughing mouth in
the mirror.
“Good heavens! One thing froze
my smile. I rubbed my eyes and
took a good look. I was not
wrong:
“The nasty tooth was still there
but the good one next to. It was
gone ”
amodvnuthanoamdndaa uua
Girdler, short in physical stat-
ure. bold and direct in speech and
action, often tangled with unions
during his career.
He was one of labor's strongest
foes when the CIO was trying to
organize steel workers in the so-
called “little steel” strike in 1937.
At the time, Girdler was quoted
as saying, “Before I sign a CIO
contract, I’ll go back on the farm
and dig potatoes."
After a bloody Memorial Day
fight in which 10 were killed in
South Chicago and other struggles
took place in Cleveland, Youngs-
town and Warren, Ohio, Girdler
said:
“I was doing the best thing for
my country when I fulfilled my
obligation to the corporation."
John L. Lewis, then head of the
CIO. blamed Girdler for the 10
deaths at South Chicago. Girdler
blamed “CIO arrogance.”
Girdler was a sharp and out-
spoken foe of the early New Deal.
He said one of his greatest dis-
likes was the impetus which the
Roosevelt administration gave to
activities of organized labor.
He was associated with several
other firms before he joined Jones
& Laughlin Steel Corp, as assist-
ant superintendent in 1914. When
he left the company as president,
in 1929, his salary and bonus1
totaled 3350,000 and his stock in-
terest had a market value of 1%
million.
The new corporation, Republic
Steel, was organized in 1930 with.
the merger of several independent
steel companies in the Midwestern
states. Girdler became chairman
of the concern and also was pres-
ident until 1937.
7 'X -
,egGa"eeed
3 ert.g
PAGE FOUR ntr EDITORIALS AND FEATURES tit
------------------......I.......— ...................... .............. ■■ |— II • a,■- ».!—■! .......... -m
' Nt
1936, King
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.
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.
Denton Record-Chronicle (Denton, Tex.), Vol. 54, No. 19, Ed. 1 Friday, August 24, 1956, newspaper, August 24, 1956; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1453217/m1/4/?rotate=0: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Denton Public Library.