The Abilene Reporter-News (Abilene, Tex.), Vol. 72, No. 327, Ed. 2 Thursday, July 2, 1953 Page: 1 of 22
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. FAIR AND
WARMER
$ Cndene 3
yALALLa
mg
EVENING
FINAL
VOL. LXXII, No. 327
"WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT GOES"—Byron
Auxed room tar) ABILENE, TEXAS, THURSDAY EVENING, JULY 2, 1953—SIXTEEN PAGES IN TWO SECTIONS
PRICE DAILY Sc, SUNDAY 10c
ice Envoy
2
Porter Calls
Demo Chieflaii
ilene Bank Deposits
In Two Days
SEOUL (AP)President Eisenhower's truce envoy will
leave for home within two days whether or not he is success-
ful in winning South Korea over to a truce, informed sources
Jagger
said today.
The U.S. South Korea “little truce talks" were tempo-
rarily stalled today by President Syngman Rhee’s unwavering
price for an armistice — U. S. assurance of a unified Korea.
Informants said the depar-
ture of assistant secretary of
state Walter Robertson would
not mean the door is closed on
a U.S. - South Korea truce al-
liance. They said Rhee appar-
ently would have to show a
real change of heart if Robert-
son is to stay any longer.
Rhee knows there will be ne
more overtures by the U. S. be-
fore a trees is signed if he doesn’t
agree with Robertson.
Secretary of State Dulles has
made it clear the U. N. will pro-
ceed with a truce and will not
change its basic position to satisfy
Rhee.
Neither Rhee nor Robert-
son would comment after their
sixth secret meeting Thursday, but
a reliable source Mid the talks are
stalled while both sides consider
their stands.
No time was set for the next
meeting.
Rhee apparently is demanding
unification or more war, and the
U. S. is holding out for unification
by negotiation.
The aging South Korean leader
maintains that R will take arms,
not words, to unify Korea.
South Korea’s foreign minister,
Pyun Yung Tai. declared his coun-
try has no faith in political con-
ferences and will agree to take
part in talks aimed at peaceful
unification only if a time UmR is
imposed.
Pyun said Rhee “does not re-
ject” Eisenhower’s pledge that the
„ U. S. will work to unify North and
South Korea in talks with the Com-
munists.
But, Pyun stressed, Rhea wants
to limit the time these talks can
drag on. Rhea often has called for
a 90-day deadline with the war to
resume if there is no solution.
Pyun said in an interview “we
would welcome” peaceful unifica-
tion, but added, “From our past
experience we know no such uni-
fication can be achieved. That is
our conviction.”
However, Pyun expressed hope
the Rhee-Robertson talks may yet
succeed.
“We are still groping tor com-
mon ground,” he said. “There is
no need to be pessimistic.”
Meanwhile, Washington officials
predicted a climax in the truce
crisis within hours, with a clear
answer whether Rhee will accept
the armistice terms agreed upon
by the Allies and Rods or flaunt
them end try to fight on alone.
There were strong indications
the U. 8. would go ahead with a
truce even if Rhee doesn't agree,
and a well-informed source said
he believes the Reds would accept
on that-basis.
The Rhee-Robertson talks appar-
ently have lasted longer than was
anticipated and a solution is not
yet in sight.
A competent source revealed
Wednesday that President Rhee
last Saturday had told Robertson
all his demands bad been met by
President Eisenhower. But the
next day, Rhee produced new de-
mands which Robertson quickly
turned down. The source said one
of these demands was a 90-day
See PEACE, Page 2A, Col. 5
BEAUMONT (The national
Democratic Party chairman, on
tour of Texas, was called a “car-
petbagger” yesterday by the Texas
national Republican committee-
man.
But Stephen Mitchell continued
his speeches and conferences aim-
ed at returning Texas to the Dem-
ocratic fold
Jack Porter, Houston Republi-
can, said Mitehell is making "his
present carpetbag expedition into
Texas” under the auspices of “the
left wing element of the Democrat-
ic Party.”
Mitchell said in a speech here
Texas is one of the most important
spots in the future of the Demo-
cratic Party.
'The Democratic Party today ‘is
a strong, vigorous and virile or-
ganization. Our duty is to build
the cleanest party with the best
leadership that we can find," he
asserted.
The Mitchell tour, with stops to-
day in Bryan and Waco, drew
Porter's comment after Mitchell
Mid the Republicans were plan-
ning a national sales tax.
Porter called Mitchell s utter-
ences “a gross distortion of truth."
He said Mitchell represents only
a “disgruntled minority" and be-
lieves in the Americans for Demo-
cratic Action (ADA) faction.
"I hope he is successful in con-
vineing the people of Texas what
the ADA stands for,” Porter said.
"Because then it will be no trouble
for us to carry Texas in 1956.’
II
Despite
rought
Loans Increase
From 52 Level
Red Feather Drive
Sel for Oct. 15-27
Dates for the 1953 Community
Chest campaign have been set far
Oct. 18 through Oct. 27, it was an-
nounced at a meeting of the Chest
board of directors Thursday morn-
ing at the Abilene Chamber of
Commerce. Y
Dr. Harold G. Cooke, campaign
chairman, met with the board to
outline plans for the campaign.
Fear major committees will be
the mechanics, education, wom-
en’s. and solicitation, he said.
W. M. Braymer, chairman, pre-
sided. Twelve directors were pres-
WHAT’S NEWS
ON INSIDE FAGES
cHURCh EXPANSION — Uni-
versity Boptist Church pions to
buy adjoining property, possibly
build new auditorium. — See
NATIONAL DEFICIT - The
Federal government ended the
1*52-53 fiscal June 30 with a
deficit of nine billion dollars.-
See Pope 7-B.
DAGWOOD’S DOINGS — That
henpecked husband, Mr. Bum-
steed, meets Ms usual defect.
See Pope 4-B.
DEFENSE — House of Repre-
sentotives approves $22 billion
for the Air Force. — See Page
7-B.'
C-Cifian Asks
Abilene Radio
Slation Permit
Reporter-News Washington Bureau
WASHINGTON, July 2—A Col-
orado City Insurance salesman and
radio announcer has filed an ap
plication with the Federal Com-
munications Commission to con-
struet an Abilene radio station
* en $1,000 iom from L E
Tie application was flled by BUI
Mathis of 526 East Second St.,
Colorado City, which is also the
address listed for Candler.
A BLACK-HEARTED ROBIN HOOD — Leroy Davis, Corpus Christi cowboy, found no kind-
ness in the heart of “Robin Hood,” a tough bronc he drew Wednesday night in the first per-
formance of the Stamford rodeo. Davis raked “Robin Hood" with his spurs as the bronc
burst from the chute and gave the outlaw an efficient ride. (Staff photo by Clint Kapus)
Reunion Hits Stride;
6,000 Watch Opener
A state and national bank cell
brought heartening news on Abi-
lene business conditions today.
Despite the long and critical
drought, Abilene deposits held
firm around the $62,000,000 mark
with no appreciable change from
either a year ago, or from the
spring bank call.
Loans at the three Abilene
banks; meanwhile, had risen about
two and a quarter million dollars
since June 30, 1952. ’
Total deposits here are $62,286,-
894, a decline of only $17,327 from
the $62,304,221 of April 20, 1953;
and an increase of $147,601 over
the $62,139,293 of June 30, 1*52.
The firmness of deposits from
April 20 to June 30 this year was
significant because there «sually
is a seasonal decline because of
farming and ranch operations. The
increase, though slight, over s
year ago, was significant because
it was registered in spite of s wor-
sening drought condition.
Loans at the three Abilene banks
as of June 30 totaled $20,328,949.
This compares with $19,674,728 on
April to (no $*54,221): and *18.-
100.601 on June 30, 1952 (up $2,228,-
348).
Bankers Confident
Bankers spoke confidently of the
soundness of Abilene’s business
conditions.
Malcolm Meek, president of Cit-
izens National, explained that thia
is the time of the year for de-
posits to show a normal decline
from earlier in the year “because
It ineludes M agreement signed
by Candler promising to loan $18,-
000 to Mathis far construction at
the station. Candler lists his net
worth at $103,380.
Mathis who is now a parttime
worker far Century Life Insurance
Co. and M announcer and engi-
neer at KBNY. Snyder, stated his
net worth at $4,519.
No stockholders were listed for
the company war were any at-
torneys listed.
H-SU Gets Loa
For Girls' Dorm
in his last official act for
Hardin-Simmons University as
its president. Dr. Rupert N. Rich:
ardson, announced the approval of
a Federal Housing and Home Fi-
nance Agency loan of $386,500 for
construction of a new dormitory
for women for H-SU.
Dr. Richardson to being succeed-
ed M president of foe university
by Dr. Evan Allard Reiff, former
president of Sioux Falls (North
Dakota) College.
Dr. Reiff arrived here Wednes-
day afternoon and will be in Abi-
lene a few days before returning
to Sioux Falls to bring h’s family
here.
The new dorm, to be constructed
on the campus at the corner of
Cedar and University Blvd., will
face the women’s dormitory re-
cently completed across the boule-
vard and will be of the same design
and construction. It will house MB
"Announcement of me lean ap-
proval WM given HSU officials
by Rep Omar Burleson, who
assisted with the application for
13 with completion dates set for
September. IBM, Frank Junell,
vice - president, said.
the loan.
University officials will an-
nounce dates for acceptance of
bids for the construction to the
Mar future. Acceptance of bids w=_D) UM
is expected sometime after Aug. building.
The loan secured is of the Mine
type as the FH&HF loan granted
earlier for the construction of a
dormitory tor men and the repair
of Ferguson Hall.
A parkway is do he constructed
between the two dorms M Univer-
sity Blvd.
Housing capacity for women on
the campus will be increased to
529 by the addition of the new
By BOB COOKE
Reporter-News Farm Editor
STAMFORD, July 2-With moot
of the preliminaries out of the
way, the 23rd annual Texas Cow-
boy Reunion rodeo win settle down
to a routine schedule for the re-
maining three days and hair per-
formances of the big show.
Attendance at the opening per-
formance Wednesday night was
gratifying to rodeo officials. Near-
ly three-fourths of all the seats to
both the grandstand and bleachers
were occupied by approximately 6,-
000 spectators for the extended pro-
gram opening night, which went
toto extra minutes because of the
elaborate grand opening in which
more than 500 cowboys and cow-
girls took part.
Thursday's program included
the annual memorial service at 1
p.m. in the association's Bunk-
house. The Rev. J. A. Scoggins of
Dallas, chaplain of the association,
was to be in charge.
Names of the members who bare
died since the 1952 reunion are A.
J Swenson, Stamford; O. V. Cobb,
Haskell; J. A Gaither. Throckmor-
tea; M. S. (Boaz) Shook, Haskell;
C. K. Jones, Haskell; Alex Jones,
Munday; Mrs. John W. Smith,
Stamford; Charles E. Coombes,
Stamford; William Henry Wyatt,
Abilene; and George W. Wright,
Fort Worth.
Haskell Rider Wins
In the cutting horse event Wed-
nesday night, John Wisdom of Has-
kail rode Quarter Back’s Bertha
into the final event to be staged
Saturday night. Wisdom competed
with R. T. Landess of Haskell on
Sunsan; A. B. Edsall of Elbert on
Little Chappo; Wilson Connell, Sny-
der, M West Bay; and Corky
Eckart of Mason M DuDu.
Thursday night’s cutting horse
event will present J. D. Craft of
Jacksboro M Miss Texas: O. H.
Crews of Fort Worth, Starlight;
Charles E. King, Wichita Falls,
Jodie Earl; and M. J. Taylor, Gail.
Seatman.
There were only three teams tak-
ing part Wednesday eight to the
wild mare race, and only one con-
testant who qualified. He was
Larry Dean Wright, a Spur young-
ster, who had more difficulty get-
ting the mare across the finish line
REUNION
CALENDAR
Thursday
1 pm. — Meeting ef Texas Cow-
RX. Reunion Association in Bunk
pm - Chuck Wagon dinner
to ranch chuck wagons.
g pm - Grand Entry to arena,
cowboy’s rodeo contestants, and
girl sponsors.
It pm. “Sn spauoft
and W Pavilion.
than be and his partner had hi
eatching and getting the saddle on
her beck. With some aid from the
arena railbirds he finally managed
to propel the stubborn mare across
the finish line
Stoors Rough
less than half of the Brahman
steer riders, competing in the
opening show, succeeded in stay-
ing in the running for the money.
There were eight would-be riders
who were spilled into the sand of
the arena and six who stayed
aboard and remained in the run-
ning. -
The top ride was turned in by
Ben Riley ef Albany.
The other finishers in the
order of rating were Joe Collier,
Wichita Falls: Twain Mickler,
Stamford; Burt Rushing, Rotan;
Preacher Seabury, Holliday;
Jack Ayres, Holliday.
The double mugging event, to
which a pair of ropers teamed up
on a yearling steer, was won Wed-
nesday night by Roy McLaury, a
Stinnett cowboy, who wrapped his
animal up in 24 seconds.
Second best time in the event
was posted by Jerry Mitchell of
. See STAMFORD, Pa. 7-A, Col.18.2
during crop season, money is go-
ing out and doesn’t come in until
the fall ”
The firmness of deposits is im-
portant. he continued, because of
the continued drought “and foe
fact that neither farmers nor
stockmen have had money coming
in for two or three years."
“Oil,” he emphasized, “is THE
big factor in holding up our econ-
omy during the drought"
Meek said the increase to loans
is a reflection cf the drought and
the fact that inventories are a lit-
tie higher.
W. I. Sibley, president of the
FAM. said he was “quite pleased
that deposits held up well in spite
of droughty conditions.”
He attributed the firmness of
deposits to generally good business
activity in Abilene, brisk construe-
tion, and oil. "Generally speaking.
I understand that retail business
compares favorably with last
year," he added.
"Our trade territory has been
severely damaged by the drought,
and it has had its effect all along
the line businesswise.” Sibley de-
dared.
Of the loan situation, he noted
“an increased demand for money
in our trade territory, largely sea-
sonal and temporary to nature."
‘Surprisingly' Good
Briggs Todd, president of First
State Bank, sald business here is
holding up “surprisingly well.”
"Merchants seem to be enjoy-
ing a- pretty nice volume, retail
sales are holding up, and the oil
business is adding considerable in-
come to our area,” he said.
"The increase in loans reflects
the drought and also the healthy,
expanding business conditions, and
the national trend of increased ac-
tivity and more demand for faads."
He said the local business pic-
ture “is very encouraging."
Here are the deposit and loan
figures for the Abilene banks:
DEPOSITS
"mn amP "
Citizens $29,306,909 $30,117,803 $30,374,885
F&M 27.155.893 26,609.859 26199 941
First State 5.824.092 5.486.560 5564,46T
Citizens $ 9901.800 s.a53.318 smi
F&M7 7 M1 1320562 6.601.14
First State 2.704.299 2 491.848 2.927,404
20.328.94 15,674.728 18.100,601
The F&M at Merkel reported s3.
126,023 M deposit, comparing well
with $3,283,189 a year ago and $3,
186,949 April 20. 1953.
The Home State at Treat showed
a gain in deposits over both a year
ago and April. The figures: $730,-
401 now, $707,483 a year ago, $712,-
224 to April. There has been heavy
oil development near Trent to re-
cent months.
Loans at Merkel's F&M were
See BANKS, Page 2A, Col. 6
Corn $1 Bushel
In Drought Area
- •
================= ========= 4
Jones Heads
Association
STAMFORD. July 2 (RNS) -Ot-
to F. Jones, Colorado City, man-
ager of Spade Ranch, was elected
president of the Texas Cowboy
Reunion Association, M organiza-
tion of old-time cowboys, at the
annual business meeting here
Thursday morning.
Other officers named early
Thursday were Virgil Hudson of
Haskell, secretary - treasurer. He
replaces the late Judge C. E.
Coombes, who died June 17. Judge
Coombes had held the position
since 1931.
Other officers were Rufe Den-
son, Guthrie, range boss; Clinton
Ezell, Stamford, wagon boss; Pat
Jones, Sierra Blanca, wagon cook;
Pete Blackshear, Aspermont,
horse wrangler.
Bob (Uncle Bob) Weatherly was
named caretaker of the Bunk-
house for life. Aa old-time cow
hand known to many West Tex-
ans, he will act M host to the
group each year.__________
PLACE YOUR
SUNDAY AD
FRIDAY
Your Sunday Want Ad should be
in by 5 p.m. Friday to appear in
the big Sunday, July 5th, edition.
n Reporter News Classified De
portment and Business Office will
be closed Saturday, July 4th.
COLLEGE STATION « —The
prices at which feed will be de-
livered to farmers and ranchers
to the drought areas af Texas were
announced today by B. F. Vance,
chairman of the state drought
committee.
They are: Corn $1 a bushel;
wheat $1.10; cats’ 50 cents; and
cottonseed meal or pellets $35 a
ton. The feed is for foundation
herds to 152 Texas counties that
have been declared disaster areas.
Vance, chairman of the Pro-
duction and Marketing Adminis-
tration in Texas, said the feed
should be moving onto the ranches
and farms of dusty West Texas
by Monday.
He announced the appointment
by Secretary of Agriculture Ben-
sM of three more members of the
drought committee. They are a
D Gibson, state extension director
at College Station: L G. Cagple
man, state director of the Farm
and Home Administration at Dal-
las: and william McGill, state di-
rector ef civil defense at Austin.
A beaker and a farmer or ranch-
man are to be added te the com-
mittee.
alao to counties to Colorado, New
Mexico, Kansas and Arkansas to
be designated.
The feed will be distributed
through county relief committees
including a county agricultural
agent, the chairman of the county
production and marketing adminis-
tration committee, county super-
visor of the Farmers Home Ad-
ministration, a prominent farmer
or rancher and a banker.
These committees will consider
applications, establish eligibility
and act as agents ef the depart-
ment to selling and collecting for
the feed.
The department’s loss M the
feeds, and expenses incurred to
moving R to drought areas and
distributing it, will come out of an
eight million dollar presidential re-
lief grant for the drought area.
Officials to Washington said
there are ample supplies of cotton
seed feeds and wheat to and near
the drought area. Corn and oats
may haw to be shipped in from
government stocks stored in the
Midwestern corn belt.
The government’s cost of the
feeds, acquired under farm price
support program, average, $60.50
for cotton seed pellets Md meal.
$1.51 for corn, $2.40 for wheat and
H for Mis.___,
Prices Compared
By comparison, prices for these
feeds to the Southwest have been
about $80 for rotten seed foods.
$1.60 for corn, $1.85 tor wheat and
to cents for oats. -
The offer of these feeds at re- m
duced prices is a part of a drought.
aid program announced earlier by
President Eisenhower and Seere-
lary of Agriculture Benson
in offering the feed at the cut
rate price, the government hopes
to encourage farmers to keep
foundation herds of eattle and
“Or parts of the program m-
elude emergency loans, govern-
ment purchase of 200 million
pounds of beef in a move, to
strengthen deflated prices of low.
grade eattle, and reduced freight
rates on food moved to the to
fected areas and on eattle shipped
• sod I’M"CENhhthr,
The low priced feed will be
made available to 152 counties to
Texas and to in Oklahoma which
have been designated as disaster
drought areas by Eisenhower, and
Officials said that wheat sold for
feed will be limited, in so far as
it is possible, to the lower grades.
THE WEATHER
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Friday expe
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The Abilene Reporter-News (Abilene, Tex.), Vol. 72, No. 327, Ed. 2 Thursday, July 2, 1953, newspaper, July 2, 1953; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1649236/m1/1/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Abilene Public Library.