Amarillo Sunday News-Globe (Amarillo, Tex.), Vol. 18, No. 91, Ed. 1 Sunday, January 30, 1927 Page: 3 of 52
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SUNDAY MORNING, JANUARY 30, 1927.
AMARILLO SUNDAY NEWS AND GLOBE
PAGE THREE
AyIESTS AT SHAMROCK
"ut feci *=xt:
* of land adjoin
**2*: rt%^*
ments on part of the acreage and to
drill from four to six oil test wells on
the remainder of their newly acquired
holdings, according to Mr. Bowers. Thla
will bring about a great change in the
development of the Shamrock area if the
tests are favorable and promises to ae
2.2 much for the extension of th*
LOA
IT 11 MILLION
RIDE
ENJOY
ON
KELLY
THE
BEST
IN
TIRES
TIRE
COMFORT
Kellys are designed especially to meet the demand
for a tire that will stand up under all kinds of road use
and all speeds. It is a tire of generous proportions and
is very sturdily built throughout, with a tough, massive
tread whose non-skid qualities actually increase as the
tread wears down. Its consistent high average mileage ,
has demonstrated that its worth is a matter of fact and
not a mere claim. We cannot recommend Kelly-Spring-
fields too strongly.
Buy a Kelly--They Cost No More
Kt
KELLY-SPRINGFIELD TIRE SERVICE
1312 East Fourth Street. i ’' ‘J ' ' -
PHONE 2880
STATISTICS ON INDUSTRY AM
FURNISHED BY VICE-PRESI-
DENT LOCAL COMPANT
invested la mortgages on real estate
and it is estimated that two and one-
half million families are at the present
time paying for their homes through
these associations. In 1925 they fi-
nanced the building er purchase of five
hundred thousand homes for their
members. During the peat year they
were able to assist over five hundred
and thirty thousand families la acquir-
lag their own homes which ie the largest
number ever financed in any one year
ia the history of these organizations.
“An oatstanding accomplishment of
building associations during the past
year was the passing of the billion
dollar mark in assets by two states of
the union. Pennsylvania and Ohio. The
associations of Ohio celebrated the
event by holding a billion dollar con-
vention at Columbus, which was attend-
ed by Secretary of Comawroe Hoover
and Speaker Nicholas Longworth of the
House of Representatives, both of whom
highly commended the beneficial work
of these associations.
THE NEW
Spri
Woolens
ARE HERE!
Beautiful Woolens in all the
new patterns and colors, are
here ready for your selection.
They are the finest offerings
from the world’s greatest mar-
kets.
of
noc
The building and lean associations of
the United States shared in the general
prosperity of the country for year 1926
and fully maintained the remarkable
growth which they have experienced for
a number of years past. This constant
and continuous increase la their assets
and membership attests their growing
popularity as the most useful and prac-
tleul sariage and loaning institution of - -
the general masses. There were a num- munity which they serve to become home
ber of factors which-contributed to their
“Building and lean associations are
rendering a great public service. They
have two main objects: First, to encour-
age and promote thrift and saving, and
second, to assist the people of the com-
success during the pact year.
According to A. C. Estes, vice presi-
dent of the North Texas Building and
Loan Association, the fact that there
woe but little or practically no unem-
ployment in industry, and that labor
in thla field received a higher remuner-
atlen than ia the preceding year, en-
abled wage earners to considerably In-
crease their savings accounts. There
was also a lore than usual demand for
withdrawal of accumulated savings from
these associations during the year,
which made available a larger amount
of funds for loaning purposes.
The continued activity of the building
construction industry, particularly of
the residential class, which during 1926
was almost as extensive as that of the
preceding record year when there was
over two and one-half billions of dollars
expended in home building construction
alone, was also of material assistance.
The survey of the Departmeat of Com-
merce shows that 42 per cent of the
contracts awarded in 36 states in the
first nine months of 1926 was for resi-
dential construction and as most of the
financing of this class of building is
done through building and loan associa-
tions, it provided an ample loaning field
ae an outlet for the increased funds,
which building and loan associations
were able to accumulate from their
members. As there is / evidence at
present of a collapse of the high rate
of building construction which has been
maintained for the past two years, a
moderate decline should not seriously
interfere with their future loaning ac-
tivity.
The preliminary returns which have
been received from building and loan
associations for 1926, indicate that there
has been M increase, in their total rd-
sources of about 14 per cent over the
preceding year. This means that the
total savings which now are intrusted
to the nearly thirteen thousand build-
ing associations of the United States
amounts to about six billion two hun-
drod aad eighty million dollars, which
is M increase for the year of sevea hun-
drod and seventy million dollars. The
total membership of these associations
is now 11,275,000, an increase of nearly
one million four hundred thousand
members during the year.
“The vest resources held by building
/ and lean associations are exclusively
owners. They operate upon a sound
financial basis, at a low expense coat,
less than one per cent of their receipts,
and when properly and conservatively
managed, should sustain practically no
loss either through foreclosure or
failure. They are now generally super-
vised by the state department in the
same manner aa banka and the safety of
their funds is fully protected. That they
are accomplishing the objects far which
they were inotaded is amply demon-
started by the wonderful and practical
results which they are achieving, where-
ever they operate.
“The outlook for these associations
far 1927 seems very promising, because
fundamental business and credit condi-
tions are sound, the country is prosper-
ous labor, is will employed and there is
every indication that general business
will continue to proceed in an orderly
way. Me further states that building and
loan associations will chare la the gen-
oral prosperity and will be able to rea-
der a good account of themselves during
the coming year."
NEW ORLEANS WILL
COMPETE FOR NEXT
SHIPPERS’ MEETING
New Orleans will be Amarillo’s strong-
est competitor for the fifteenth regular
meeting cf the Southwest Shippers’ Ad-
visory board in May, according to a let-
ter received from the Crescent City by
S. J. Cole, transportation manager of
the Board of City Development.
The fight for the next convention of
the shippers will be staged at See An-
tonic Friday, February 4. at the four-
teenth quarterly meeting. New Orleans
was in line for the February meeting,
bat gave way to San Antonio, and this
will be her strongest claim for the neat
quarterly meet. However, those who
are palling for the meeting to come here
are optimistic. New Orleans is in the
extreme edge of the district, composd
of Tosas, Oklahoma, Louisiana, and Ar-
kansas, and entirely out of the grain dis-
trict, and the problem of handling the
grain crop will be the chief topic of dis-
cussion at the spring meeting.
Mr. Cole, together with T. H. Sparrow
of the Great Weet Mills, J.,E. Mill,
manager of the Panhandle Lumber com-
pany; Fred Poole, general agent of the
Denver railway, aad other prominent traf-
fle men, will attend the meeting-at San
Antonio Friday to support Amarillo’s
claims to the convention. Prepartaory
to the campaign for the west regular
meeting, more than 300 letters have been
mailed out to prominent men of the con-
vention setting forth Amarillo's claims.
Mr. Cole states that many favorable re-
plies are being received daily aad that
everything points to Amarillo’s success
la securing the convention.
"Panama expects a record number of
tourist visitors this season.
But once, so open your door and let him in. This is your last chance to
GAMBLE WITHOUT THE FEAR OF LOSING. Just figure this out and see
iflam not right . -
WE ARE OFFERING THE LAST UNIT .
Have You Heard
Gene Austin's
Latest
Beverly Gardens
at back to earth prices. Located about 2% miles from the Court House, about 3-4 of a mile from the City Limits,
less than a mile from the Greater Amarillo Petroleum Company’s well, which is down over 2,000 feet and has al*
ready struck some gas; also another wall is to ba drilled within a mile of our property.
we are selling 1 and 21 acre tracts of land, ranging in price frees $330.00 to $695.00 per acre, on
terms of $50.00 down and $20 00 per month. These prices are less than the value of the land alone; besides, we
give gas to each tract, graded streets with all streets marked, and throw in the oil lease and royalty in addition.
Should one of these wells be a producer, the lease alone should be worth about ten times the cost of the land.
This land will grow almost anything; in fact some of these tracts now have apple and cherry trees on
them, and they are just dandy for chicken ranches and truck farming. Amarillo is growing so fast that this land
may be within the city limits before the year is out, and you can get about six lots to the acre at a cost of about
$70.00 per lot. Lots farther out have sold for $300 each, and they are asking from $500 to $2,000 an acre for
land adjoining Beverly Gardens. There are already a number of homes in Beautiful Beverly Gardens, and over
100 homes on adjoining lands, and close to the new P’ea-ant Valley school. We are just off the North Fillmore
paved highway, as well as the Panhandle highway. Salesmen on the ground all day Sunday, or phone us.
Record
“DeedIDo”
“I've Got the Girl"
COME IN AND HEAR
THIS BIG HIT
THE NEW ORTHOPHONIC
Victrola
Beverly Kei
PHONE 223. • •
609 TAYLOR STREET
The Orthophonic Victrola
has no rival in tome repro*
duction.
To See and Hear
is Convincing
Panhandle
Music Co.
511 POLKT
Home of the Victrola*
Have Your Clothes
TAILORED-TO.
4
MEASURE
Here in Amarillo
Every Meyer and Meyer cult is
made right here in our own
shop by expert tailors, assuring
you of fit, style and satisfac-
tion. -
Come in and see the New
Woolens this week.
611 Po k Street
“Are You
Love-camp
—nihen let us Jot
She will
a Diamond!
Take “Her” any eg the bel
fine $50, $75 and $100 Diame
Rings on your cash payment
szcqusnoter
payments
old 18k.
anting as
S
shi,"e now Gold
100
a :22rsmand
"SAMANte Gold
(EDAII C JHA:
WATCHES DIAMONDS ily
504 LUCKETT AVE.
PHONE 4539
S. N. Hatcher & Sons Planing Mill
Sash, Doors, Frames, Moulding, Screens Wood Turning,
Stair Builders, Interior and Exterior Trim.
Office and Bank Fixtures. ,
ESTIMATES FURNISHED.
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Howe, Gene A. Amarillo Sunday News-Globe (Amarillo, Tex.), Vol. 18, No. 91, Ed. 1 Sunday, January 30, 1927, newspaper, January 30, 1927; Amarillo, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1663314/m1/3/: accessed July 10, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Texas State Library and Archives Commission.