The Rusk Cherokeean. (Rusk, Tex.), Vol. 111, No. 3, Ed. 1 Thursday, July 10, 1958 Page: 2 of 12
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PAGE 2
The Rusk Cherokeean, Rusk, Texas
JULY 10, 1958
Jl
THE RUSK CHEROKEEAN
TEXAS rj~pTRESSe1 «SS0CIATI0H
j 79 S 8
ESTABLISHED JULY 5, 1847 AS THE PIONEER
Entered as second tiass matter at the postoffice at Rusk, Texas
under Act of March 3. 1879.
E. H WHITEHEAD Editor and Publisher
MBS. E. H. WHITEHEAD Office and Business Manager
Any erroneous reflection upot the character, standing, or repu-
tation of any person, firm, or corporation which may appear tn the
columns of this newspaper will be gladly corrected upon being brougnt
to the attention oi the publisher.
RATES
SUBSCRIPTION
Classified and Cards o' Thanks charged for at the rate of 3c per word
Sue Months, in County 51-35
One Year, in County 52.50
Six Months. Out of County 51-85
One Year, Out M County 53.50
DIAMONDLÍINOS
Lovely, Larger Diamonds
AMroctioely Priced
Vi
CARAT
EASY
P rman«ntly V CREDIT
Rinf MiUrffd J TZDUe
to *ov detail* IWOf
RUSK
JEWELERS
Phone 3-2862
Rusk, Ttxu
By Vern Sanford
Mid-way through the so-called
"recession year" of 1958. Texas
economic forecasters are turning
their eyes upward again.
Statistical reports show steady
improvement in overall business
activity since the bleak lows of
February and March. If the hoped-
for pick-up in oil demand develops
during t h e latter half, analysts
say. "1958 may be a good year aft-
er all."
Some of the bases for the cur-
rent atmosphere of cautious opti-
mism are these:
BANK DEPOSITS: Folks have
lots of money in the banks; in
most areas, more than last year.
Response to the Texas Banking
Commission's mid-year call for
condition of banks showed that
most have higher deposits than
last summer and some are at new
record highs. Dallas County bank
deposits increased by $333,000,
000; Harris County (Houston) by
more than $267,000,000 over a year
COOLING CAPACITY OP TO
17,000 BTU
per hour (Sated at ARI Standard Conditions 110-58)
MATHES HEAVY-DUTY
2 HP Air Conditioner
with every CUSTOM feature
' You'll relax in cool healthful comfort with a Heavy-
Duty MATHES ... providing more BTU/Hr. per
dollar than other quality makes. Exclusive
CUSTOM styling enhances the beauty of your
rooms.
• AUTOMATIC TEMPERATURE CONTROL — Maintain
cooling level you desire
• AIR FILTER — Removes dust and pollen
• DEHUMIDIFIES — For cool comfort on humid day
• ADJUSTABLE AIR FLOW — For draft-free cooling
• DAY AND NIGHT COOLING —Quiet operation with
extra humidity removal for your sleeping comfort
• CONCEALED CONTROLS • STALE AIR EXHAUST
• DECORATOR'S CHOICE HARDWOOD CABINET —
In Mahogany, Blond Oak, Walnut, Tropical, or
Honey Mapie
RICHARD'S RADIO & TV
StNMt, Ju*t •« It* SVMII
Rusk Te*w
ago. Towns with all-time high de-
posits were Amarillo, Corpus
Christi, TVler, Midland, Denton
and Port Arthur.
RETAIL SALES: Despite sags
here and there, Texas retail sales
are expected to run some 7 per
cent ahead of '57, says the Uni-
versity of Texas Bureau of Busi-
ness Research. Because of low
months early in the year, sales
volume for the first five months
of '58 were 1 per cent below the
same period for '57. But a late
spring upsurge put May, 1958,
sales ahead of those for May,
1957. Apparently Texans are con-
centrating on essentials. Compar-
ed to last year, farm imprement
sales were up 27 per cent, food up
11 per cent, autos down 8 per
cent.
BUSINESS INDEX: BBR's lat-
est report shows the 1958 level of
general business activity 4 per
| cent below May 1957. But May,
1957, was a dizzy pinnacle, the
¡highest point ever reached by the
Texas business index. Since the
low in March the index has made
encouraging progress, pulling up
by 8 points. Fall will bring the
tip-off, says BBR. as to whether
recovery momentum is sufficient
for a rise to a new crest.
EMPLOYMENT: Although thou-
sands more were out of work than
a year ago, Texas Employment
Commission's most recent over-all
survey showed a substantial shor-
tening of the jobless lines. Like
the general business index, em-
ployment seemed to be making a
steady recovery from the early
¡spring "trough." Number of un-
• employed dropped 4.200 during
¡May, TEC reported, and non-farm
employment rose to almost three
| million. Insured unemployment in
I Texas was only 4.1 per cent of the
| working force compared with the
'national average of 7.2 per cent.
COMPANY CHALLENGED — A
king-size clash is in prospect July
15 between the State Insurance
Department and National Bank-
ers Life Insurance Company of
Dallas.
Commissioner William A. Harri-
son has ordered the company to
prove fitness of its management
or lose its license.
National Bankers, regarded as
one of the largest and most pros-
perous companies in the South-
west, claims more than $19,000,-
000 in assets. Some $5,000,000 of
these are discounted by the De-
partment as unsound or unsuita-
ble for an insurance company.
Specifically questioned by the
state are a number of mortgage
loans made by the Company to
other firms in which the com-
pany's officers or directors have
an interest.
Company President Lester F.
Hall said the firm's financial foot-
ing is so sound it could raise $5,-
000,000 in a matter of hours. He
said the company had a premium
income of $10,000,000 last year
and net earnings of $1,000,000.
GLAD TO MOVE OVER—Des-
pite the prospect of losing "big-
gest state" honors, Texas official
say they're happy to welcome
Alaska as No. 49. Sample com-
ments:
Gov. Price Daniel: "We will
still have the biggest navy."
Sec'y of State Zollie Steakley:
"I'm glad another state will bear
the brunt of the gags about being
the largest state."
Atty. Gen. Will Wilson: "I sug-
gest they nail down their off-
shore lands before they enter the
union."
SEMI-WESTWARD HO! — Re-
designed Texas-tan uniforms have
brought a new look to the Texas
Highway Patrol. Semi-western in
style, the uniforms sport black
trim, black shoes, wide-brimmed,
grey hats with western crease.
Only 380 patrolmen and other
division members of the Depart-
ment of Public Safety are outfitt-
ed at present. New uniforms for
the rest of the force will have to
wait for another appropriation
from the Legislature.
TAXPAYERS GET WARY —
Slump in federal income tax col-
lection* in Texas the past several
months has been noted by Inter-
nal Revenue officials.
Cause has been attributed to
recession-minded txapayers lower-
ing their estimates of income for
the year. South Texas Collector
Bob Phinney thinks, however,
most will wind up making just as
much money as last year.
Last year Texans paid a record
breaking $2,600,000,000 in federal
income taxes, about $128,000,000
more than in the year previous.
SCHOOL COST CLIMB SEEN—
Texas counties expect cost of ed-
ucation to climb $70,000,000 an
nually in the next five years.
This was revealed in reports of
251 counties to the Hale - Aikin
Survey Committee on Public Ed-
ucation. Most of the increase
would go for expansions necessary
to keep up with increasing enroll-
ment.
Counties differed as to how the
money should be raised. Twenty-
five per cent favored higher local
taxes or increased valuation For-
ty-four per cent wanted addition-
al money from the state. Nine
counties favored federal aid.
Thirty-five recommended a sales
or ircome levy.
SHORT SNORTS — Walter
Buckner, publisher of the San
Marcos Record and past-president
of the Texas Press Association,
has been named by Governor Dan-
iel to the Industrial Accident
Board. He will serve as the em-
ployer representative. The two
other members of the Board are
Ned Price of Tyler, representing
labor; and Leonard Carlton of
Austin, representing employees . .
A S20.500 grant for re-codifying
Texas school laws has been pro-
vided by the M. D. Anderson
Foundation of Houston. A legisla-
tive committee headed by Rep.
Robert H. Hughes of Dallas is in
charge of the work . . . Prelimin-
ary report on a comprehensive
survey of Texas water resources
has been submitted to Governor
Daniel. It was requested by Sen.
Lyndon B. Johnson and prepared
jointly by state and federal water
agencies. Contents of the report
will not be released for publica-
tion until final approval is given
. . . Farm experts expect that a
92-year-old record for cotton yield
per acre may be toppled this year.
Second-highest yield was record-
ed last year at 295 pounds. All-
time high was 325 pounds per ac-
re in 1886—when soil was virgin
. . . Governor Daniel has proclaim-
ed July 14-20 as State Park Week
to call attention to the 56-park
unit begun in 1925 when Gov. Pat
Neff and his family donated "Mo-
ther Neff Park" to the state . . .
Texas draft quota for August will
be 539 men, only one more than
were called for in July. State Se-
lective Service Headquarters also
announced that some 1,700 men
are to take pre-induction exams
in August.
-It'
s
The
Law-
You can give some of vour
rights to other people, for exam-
ple, the right to collect a bill: but
it's a different thing with your
duties. You need your creditor's
OX firmly to assign your debts to
another.
You can sell what you own, all
right, but you can't shake a debt
merely by getting somebody else
to promise to pay it for you. Your
creditor—who is a party to your
contract — has something to say
about who takes over your obli-
gations.
Thus, your cousin, say, borrows
from you and promises to pay the
money back. He can't get out of
it by getting his neighbor to say
he will pay you for him unless
you agree — and this takes a
written contract.
Suppose you bought Abel's
house on time for $15,000 and had
paid off $5,000. Then, with $10,-
000 left to pay, you get Joe Blow
to buy the place.
How could Blow pay you for it?
Well, for Blow it would be just
dandy for you to let him take over
the $10,000 debt, pay you back
your $5,000 equity, and then pay
off Abel the rest of your $10,000
debt. Blow would save the cost of
a new loan—if his credit was good
enough to get one in the first
place. So you set it up that way.
One day Blow blew; and you,
yes you, hold the bag. True, you
could turn over your equity to
Blow without Abel's consent.
But your agreement with Blow
to pay the balance is not binding
on Abel. He can hold you to your
original deal. Pay up $10,000.
Don't let someone "assume"
your loan unless you protect your-
self by an agreement with your
lender, or unless you are willing
to risk holding the sack.
Your buyer is often a good en-
ough risk for you to let him as-
sume the loan — but don't do it
thinking you are free of your
debt.
(This column, prepared by the
State Bar of Texas, is written to
inform — not to advise. No per-
son should ever apply or inter-
pret any law without the aid of
an attorney who is fully advised
concerning the facts involved, be-
cause a slight variance in facts
may change the application of the
law.)
o
INTERESTING FACTS
Texas' Governor's Mansion, as it
now stands, was built in 1853. It
is 32 years older than the Capitol
Call
LLOYD HENDRICK, REPRESENTATIVE
THE GAY LAUNDRY
MU 3-2713 PHONES MU 3-2763 NITE
"GET HAPPY—USE THE GAY LAUNDRY SERVICE"
Louisiana Cajuns are descend-
ants of Acadians expelled by the
British from Nova Scotia in 1755.
Higher education in Texas be-
gan in 1840 with the founding of
Rutersville University in Fayette
County.
During one session of Congress
46,000 bills and resolutions were
Introduced.
Of Texas' 135 junior and senior
colleges, 83 are privately support-
ed, 51 by taxes.
Michigan leads the U.S. in in-
dustrial output and leads the
world in automobile production.
Aardvark is the Dutch name for
the South African ant-eater.
Laws setting up Texas' public
school system were signed Jan.
31, 1854.
Texas' State Park System was
begun in 1923.
Texas ranks fifth in the nation
in number of air passengers car-
ried each year.
Prescriptions
at
CHAPMAN
PHARMACY
Its always
the right time
TO BUY THAT NEW CAR ..
Who wouldn't spend a few
minutes of their time to yet a
long-wanted car? A few min-
utes is all it takes here to
show you how easy it is to fi-
nance your auto purchase
through us. We'll tailor your
monthly terms to easily fit
your budget.
FIRST
STATE
BANK
MEMBER FDIC
Phone 3-2254 Rusk, Texas
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TOP ENTERTAINMENT—The Chevy Show-Sunday-NBC-TV and the Chevy Showroom-weekly on ABC-TY.
Air Conditioning-temperatures made to order—for all-weather comfort Get a demonstration!
/y. K
i arm.
f.jy7*\s
The Impala Sport Coupe with Body by Fisher. Every window of every Chevy Is Safety Plate Glass.
Here are 59 reasons why Chevy's '58's biggest seller!
58 reasons would have rounded things out nicer, we admit. But the extra reason is the most important of all—
you! We invite you to look over all of these fast-selling features. But if you're like most people we know,
you'll just plain like this new Chevy—and that'll be reason enough to want one!
Chevies priced lowest of the low-priced three
Just name the model you've got in mind.
Youll find eight long, lively Chevrolet V8'a
and six even lower priced 6's that cost leea
than any comparable models in the low-
priced three (based on list prices).
super smooth j
power teams! \
No other car offers such !
a wide choice! There ¡
are six sweet-running
engines—rangingfrom !
the thrifty Blue-Flame
6 right up to the radi- !
cally new 280-h.p. !
Super Turbo - Thrust J
V8> There's also a
selection of four
smooth-working trans- j
missions. Pick the {
combo you prefer.
You'll find every powor
team is available on j
every model!
Tail your pick—
all-ruw Full Oil
suspensión ...
or a nal air ridt*
BRAND-NEW
SUSPENSION
SYSTEMS
BRIGHT NEW
AUTOMATIC DRIVES
Taht a cboici of smoothtr-tban-tur
Power
Turbogllde*,
th* only triplt-turbin* transmission in
Chtvrokt's fit Id!
*Optional at extra cost
St otbtr low-prictd tar has
Cbtty's gull-wing glamor,
crank-optrattd ventipami,
polished lacfuir finish #f
Saftty Plate Glass aH around!
BIG FISHER BODY FINE POINTS
America's best buy—
cn/:\ non r
America's best seller/
Look these features over one by one at your Chevrolet dealer's—then add
up. You too will then decide yea get the best buy on the lx>*t seller!
See your local authorized Chevrolet dealer
"COPPII TIM! AT ♦"
KTLU . 1580
ISAACS CHEVROLET COMPANY
PhoM Mutual 3-2202 Highway 69 — • the "Y" Ruik, Ten*
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Whitehead, E. H. The Rusk Cherokeean. (Rusk, Tex.), Vol. 111, No. 3, Ed. 1 Thursday, July 10, 1958, newspaper, July 10, 1958; Rusk, Texas. (https://texashistory.unt.edu/ark:/67531/metapth150243/m1/2/?q=%22~1~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Singletary Memorial Library.