The Matagorda County Tribune (Bay City, Tex.), Vol. 89, No. 27, Ed. 1 Thursday, January 17, 1935 Page: 1 of 8
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VOI 89
NO. 27
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The ztlatagorda County Tribune
THERE IS NOTHING TOO GOOD FOR OUR FRIENDS"
Society Leaders FREEPORT WILL
naniniaE HOLD REGATTA
Organizefor. EARLY IN MAY
President s ball The sixth annual Frepoort Regatta,
which draws thousands of outboard
WASHINGTON, Jan. 11.—With the
announcement here that Rear Admiral
Cary T Grayson will head the 1935
committee for the Capitals Birthday
Ball for the president, and with word
from New York that the entire social
register is being mobilized for a Birth-
day Ball in the Waldorf-Astoria.
American society form coast to coast
today prepares for one of the greatest
social events in the nation's history
on the occasion of the president's 53rd
birthday anniversary, Jan. 30.
Proceeds from the dances which will
be held simultaneously in 5600 com-
mux ities throughout the country, will
go toward a nation-wide war against
infantile paralysis.
Names of those who have already
assented to serve on bidthday ball
committees in Washington, New York
and other centers make a roll call of
the nation's social and intellectual
leaders, according to Col. Henry L.
Doherty, national chairman of the
1935 program.
Although the complete committee
has not yet been announced in Wash-
ington, it is certain that members
will include a distinguished company
of statesmen, supreme court justices
and leaders of the social sets at the
capital. Among those already at work
in New York are Margaret Delano,
daughter of Mr. and Mrs. Lyman De-
lano and a nice of the president, who
will be chairwoman of the maids of
honor at a pageant which will be one
of the features of the Birthday Ball
at the Waldorf. Mrs. George B. St.
George, a first cousin to the president,
will be chairwoman of the patronesses’
committe for the Waldorf affair, and
Frank A. Vanderlip Jr., has already
agreed to serve as chairman of the
floor committee.
Also actively interested in the New
York ball will be many members of
the national committee of the 1935
Birthday Ball for the president, which
includes a list of nearly one hundred
social leaders.
According to Colonel Doherty, pro-
ceeds of the 1935 parties will be di-
vided. Seventy cents of every dollar
will go toward dehabilitating infan-
tile paralysis victims in the commu-
nities raising the funds, the remain-
ing 30 per cent being turned over to
lacing fans to Freeport every year,
will be held May 5, according to an
announcement from Charley Watson,
mayor of Freeport and commodore
of the regatta association.
The meet will pry the lid off the
outboard racing season in this sec-
tion, in all probability. It is timed
to catch the outstanding drivers of
the nation just as they are leaving
Florida, where the season extends
through March and April.
A qtowd of some #0000 mover
in on Freeport for the meet last
year, and Watson is looking for a
"bigger and better" regatta this year.
"The roads into Freeport have been
improved, interest in outboard racing
has grown and it looks as if our en-
try list will be the largest in history,”
he said here yesterday.
There will be $1000 in prizes aside
from the beautiful trophies which are
hung up each year, the Jock Whitney
trophy, which is insured for $2500.
the Hall of Fame trophy, which is
kept on display in Goose Creek as a
memorial to Ivy Ilfrey, Buddy Pruitt
and Eddie Durfree, racers who were
killed in an auto accident; the pres-
ident's cup, donated by Day Lechen-
ger. and trophies given by Watson
and by Walker Baunman.
The regatta committee of which
Watson is head, includes representa-
tive from the Freeport - Velasco
Chamber of Commerce, the American
Legion, the Knights of Pythias and
the Lions Club.
BAY CITY, TEXAS THURSDAY. JANUARY 17. 1935
FIVE CENTS PER corY,
Hundred Years Of Oldest Citizen In EVERY COUNTY
Methodism In lex. City Passes On S AT TO HAVE
Retold In Volume 0000301 ALOAN AGENCY
_______Mrs. Chester Robbins
Dies At Age Of 99
President's Ball Will FORECLOSURE POLIC
Be Held In igh ONINSURED MORTGAGE
School Auditorium
Brazoria County
Commissioners
Hear Canal Plea
Mr. E. 0. Taulbee, who has been
engaged in Intracoastal Canal work
for the past several months in this
county appeared before the county
commissioners of Brazoria County
Monday to place before them the ad-
vantage of an early and satisfactory
solution of rights-of-way difficulties
and the necessity for the beginning
of actual construction through that
the president, who will give it to the
Birthday Ball commission for infan- county.
S.Jup ...... Mr- Taulbee stated to the Tribune
appointed by that the Brazoria commissioners re-
ceived him most courteously and
tile paralysis research, a group whose
members have been ;
him.
It is estimated by Col Carl Byoir,
director general of the 1935 Birthday
Ball that more than 4.000,000 persons
will attend.
manifested the keenest interest in the
More Foreign
Cotton Used
But Less U. S.
Particularly interesting because of
the large number of old pictures re-
produced in it and the historical
matter it contains, the Texas Meth-
odist Centennial Yearbook of which
the Rev. Olin W. Nail of Elgin was
editor in chief, is off the press.
The handsomely bound volume con-
tains more than 800 pages. While the
book deals largely with Methodism
in Texas, it also touches on world
Methodist and Methodism in Amer-
ich
Included among the scores of re-
productions in the book is one of a
drawing of the Alamo, made after
that shrine of Texas independence
fell, being perhaps the first time the
sketch, made by William Sandusky
has been published. A picture of
Travis’ Bible, found in the Alamo
after the battle, and other reproduc-
tions of historical interest are found
in the volume.
Dallas institutions are given con-
siderable space in the book. Included
is a picture of Dallas Hall under con-
struction. There also are pictures of
other Methodist institutions here.
The first Methodist preacher who is
known to have visited Texas and who
Mrs. Chester Robbins, more affec-
tionately known as "Grandmother
Robbins" died last night in the home
of her daughter. Mrs Winston. An-
other of the makers of Texas history
has gone. Mr. and Mrs, Chester Rob-
bins came to Texas in 1854. Mr. Rob-
bins bringing his bride to a truly new
home—way out in the “West " They
were married November 13, 1854, com-
ing on their honeymoon to the spot
where now stands the old Robbins
Ranch house, down near Matagorda,
and where the bride of ‘54 loved and
lived till just a few years ago. Mrs.
Robbins was nearing the century
mark in her life, each year bearing
its own "credit slip" of a year well
spent.
The funeral will be held Thursday
morning at 10 o’clock from the Ruge-
ley home in Matagorda.
The funeral arrangements are in
charge of Taylor Bros.
A more extended notice of the life
of Mrs. Robbins will appear in a later
issue of the Tribune.
preached on Texas soil, says the book |
was William Stevension, who was ap
pointed to Hot Springs Circuit (Ar-
kansas,) then in the Missouri Con-
Production Credit
ference. in the fall of 1816. He was
the circuit preacher covering South-
western Arkansas and certain settle-
ments in Northeastern Texas, the lat-
ter then being thought a part of
Arkansas.
The first Methodist society, or
church, organized in Texas dates back
to 1817. It was not permanent and the
evidence to support it is very meager,
but it is thought to be definite enough
to afford Methodists grounds for
claiming the honor of having or-
ganzed the first Protestant church in
Texas. That organization was at old
Jonesboro, now Davenport, on the
Texas side of Red River.
In 1834 the first permanent church
was organized in the McMahan set-
telment, about twelve miles east of
San Augustine.
A Methodist minister, the Rev. H.
Matthews, performed the ceremony
for the first marriage license signed
in Texas under the laws of the Re-
public. The license was issued to
Hugh McCrary and Miss Mary Smith
at Houston, July 22, 1837. McCrary
| Association Elects
Officers For Year
died shortly later and his wife mar-
ried Dr. Anson Jones, notable in
Texas history, in 1840.
Federal Loan Ass n.
matter. Brazoria County's compliance
with the canal's necessary terms and
proposals is all that remains now for ( A C1 1
the opening of the canal from Gal- | JtficOYS A YA F eclAd
veston to Corpus Christi. 1 IUCCI O 4110 LalCCLCU
NEW YORK, Jan. 12.—World con-
sumption of all cotton registered
slightly more than the usual season
decline from October to November,
but world consumption of foreign
growths in November was the largest
on record, the New York Cotton Ex-
change Service estimated Monday.
Total consumption by world spin-
ners in November- was 2.133.000 bales,
against 2,198,000 in October, 2,150,00 0a
year ago. 2,055000 two years ago,
1,989.000 three seasons ago and 1,910,-
000 four seasons ago. For first four
months of the current season, August
through November, world consump-
tion of all growths was 8,141,000 bales
against 8500.000 a year ago, 7,889,000
two years ago. 7.777.404 three years
ago and 7.137,000 four years ago.
All of the decrease in total con-
sumption as compared with last sea-
son is due to smaller use of American
lint During November only 47.2 per
cent of the cotton consumed was
United States staple, against 49.1 per
cent in October, 55.7 per cent in No-
vember. 1933. 58.4 per cent two sea-
sons ago, 51.8 per cent three seasons
ago and 48.6 per cent four seasons ago.
Consumption of foreign-grown cot-
ton. totaling 1,126,000 bales in No-
vember, was by far the largest on
record, comparing with 1,119.000 in
October 953,000 in November last year,
855.000 two seasons ago, 959,000 three
seasons ago and 981.000 four seasons
ago.
World stocks of all cotton on Nov.
30 were placed at 30,731,000 bales in
the estimate, compared with 33,028,000
a year ago and 33,098,000 two seasons
ago.
JIMMIE HULL’S
SHOW PLEASES
Mr. Taulbee will leave tomorrow
for Harlingen to attend the meeting
of the judges and commissioners of
coastal counties. At this meeting great
stress will be put on the importance
of the early completion of the canal
and its extension to Point Isabel op-
posite Brownsville.
W. C. LLOYD TO SERVE AS SEC-
RETARY TO BAY CITY AND
PALACIOS ASSN’S.
Members of the El Campo Produc-
tion Credit Association held their
first annual stockholders 'meeting at
El Campo, Texas, Jan. 10, 1935. This
was one of 621 similar meeting held
by production credit associations
throughout the United States.
Mr. Fred Swensen, president of the
Association, made a brief talk in
which he outlined the history of the
association. A statement of the ac-
tivities of the executive committee
was made by Mr. H. A. Wischkaemper
of Victoria, Texas. A statement of the
activities of the board of directors
was made by Mr. J. W. Prasfika.
After the annual report of the
tic surer, made by Mr. W. E. Me-
Cluney, secretary and .treasurer of
the association, the meeting was ad-
dressed by Mr. Edward P. Onstot,
of the Production Credit Corporation
of Houston, the parent body which
supplied approximately 75 per cent
of the association’s capital stock. Mr.
Onstot explained the corporate set-
up of the Farm Credit Administration
of Houston which serves the tenth
district, the state of Texas. He also
pointed out the opportunities for
service available to farmers through
the association and made a thorough
explanation of the local association's
financial statement.
' It is the intention of the federal
housing administration to extend the
benefits of the Mutual Mortgage In-
surance under Title 11 of the Nation-
*1 Housing Act to every urban com-
munity and in particular to everey
county seat in the United States, it
was learned from federal housing of-
ficials.
Under the regulations a lending in-
stitution authorized to extend mort-
gage loans insured by the federal
housing administration "must be lo-
cated in an urban community which
has a trading area embracing a con-
tiguous population of not less than
6000,”
There are many counties in the
United States which have no towns
of 6000 census population, including
county seats,
Notwithstanding the initial limita-
tions in the federal housing admin-
istrations regulations covering mutual
mortgage insurance, it is the inten-
tion of the administration that no
urban communities in general and in
tartcular no county, be denied the
benefits of Title II of the National
Housing Act. It was stated officially
that the administrator will approve
upon application, at least one bank
if "responsible to service the mort-
gage properly" in each county seat,
regardless of present requirements as
to capitalization and population The
regulations do not restrict approved
lending institutions from offering for
insurance eligible mortgages on prop-
erty located in any area where they
are otherwise permitted by law to
lend.
Member banks and other lending
institutions not eligible because of the
requirements as to capital or domicile
may nevertheless function as corres-
pondents. brokers or agents for the
lending institutions which are approv-
ed mortgagees.
Under the original regulations, an
institution applying for approval as a
mortgagee (lender) had to be located
in a town or city with a population
of not less than 6000 and had to have
Other speakers on the program in-
cluded Mr. N. W. Jones of the Pro-
duction Credit Corporation of Hous-
a
paid-in capital of not less than
Growers Seeking
Fair Treatment
(Crowley Signal.)
A definite drive against the special
favors which were extended to Cali-
fornia growers under the rice pro-
gram became the object of attack by
rice leaders, both millers and grow-
ers, Saturday.
California, it was declared, was al-
lotted some 3.100,000 bags of rough
rice or 300,000.000 pounds under the
program. They exceeded this by pro-
ducing some 365.000,000 pounds or with
an increase of 20 per cent over the
allotment given the state
In California, it was explained, the
industry controls the program and
not government officials. The indus-
At a meeting held in Bay City
Tuesday afternoon Mr. John Suth-
erland was re-elected president of
the Bay City National Farm Loan As-
sociation and W. C. Lloyd, secretary-
treasurer with the following direc-
tors: W. A. Furber, A. S. Collins,
Bert Carr, John H. Ottis.
A meeting of the Tres-Palacios Na-
tional Farm Loan Association was al-
so held in Palacios Tuesday afternoon
for the purpose of electing officers
for the year. Mr. Frank Gillespie was
re-elected president with W. C. Lloyd
being elected as secretary-treasurer.
The following directors were elected;
G. A. Harrison, G. A. Salsbury, P. F.
Campbell and A M. Stadig.
The past year these two associations
lent in this county approximately one
million dollars to the farmers. The
interest rate on thes loans is 412
per cent. There are some delinquen-
cies but according to Mr. W. C.
Lloyd, secretary of the two associa-
tions, these are few.
Schools Will Debate
try has the right to correct errors or 1
to meet the market conditions with- 1 L Rato ( nacton
out waiting on the delays which have 1 1 IL Idle (uco 1011
occurred for the southern growers in
Washington.
It was pointed out that the south-
ern producers in Louisiana were forc-
ed to take a five year average and
then reduce that 20 per cent. During
one of these years this section suf-
fered from salt water and the pro-
duction that year was far under the
average.
In Texas they also suffered in pro-
duction. Their average was the past
three years divided by three and then
cut 20 per cent. During one of these
An immense throng of delighted
people attended the opening perform-
ance of Jimmie Hull's Theater Mon-
day night. The big tent, which occu-
pies a convenient place on the east
side of Avenue G., was packed to its
capacity and all present seemed to
enjoy the play and the diversion,
very much.
Hull's is a bit ahead of the general
run of tented theaters. Fact is, there
were many who witnessed Monday
night's performance who placed it far
ahead of any they have ever seen.
The personnel of the company is
high class and the performers are tal-
ented. refined, pleasing. The music
is choice in every way, the orchestra
being manned by expert musicians.
The premises are clean and attractive
and the seating arrangement substan-
tial and comfortable.
This attraction, with a daily pro-
gram change is here for the week,
playing for the benefit of the Par-
ent-Teachers’ Association, so when
you attend, remember you are help-
ing along a most worthy institution.
years they suffered from a severe
storm and as a result their produc-1
tion average was low.
In Arkansas the figures were about
correct it was explained.
But the discrimination against Tex-
as and Louisiana gave California a
decided advantage.
Acadia Parish farmers were con-
tinuing to make plans for demanding
that they be given recognition and
that the plan for the 1935 control he
announced in order that they can
make plans for planting.
As yet nothing definite has been
announced other than it has been
rumored the program would be in
the belt about February 1.
This same thing was promised for
January 1. however, and as yet the
growers know little or nothing about
it.
The question for debate among
Texas high schools this year is stat-
ed as follows:
Resolved: That the government
should own and operate all electric
light and power utilities.
"This question,” according to Mr.
Howard W. Townsend, who has been
elected director of debate in this
county, “has the great advantage of
being a very timely one. Under the
New Deal one of the great problems
concerns generation and distribution
of electric power. The TVA is un-
Tax Limit Applies
To City and School
The tax limit set by the state ap-
plies to the city and the school dis-
trict. January 31, therefore, is the
deadline.
Only 16 full days remain in which
to pay up.
ton, Mr. W. G. Lane, association in
spector; Mr. J. L. Whitmire of Ga
At a meeting of the school board
held Monday night, it was unanimous-
ly agreed to allow the staging of the
President's Birthday Ball in the high
school auditorium on Wednesday
night. Jan. 30.
This attitude of the board is high-
ly appreciated by Mr. C. A. Erick-
son. chairman and his committee, who
realize and appreciate the fact that
this entertainment carries with it spe-
cial privileges and the granting of
the request does not mean that any
other ball or dance can secure the
auditorium.
Chairman Erickson assured the
board that the privilege will not be
abused and that the room will be left
in as good a condition as it was be-
fore using.
Now, altogether for the President's
Ball. It will be a great affair and is
open to all. Buy your ticket as soon
as offered to you.
PLAN IS MADE PUBLIC
Costly and Cumbersome Procedure Unneces-
sary to Liquidate Defaulting Notes When
Covered By F. H. A. Guarantee
C. of C. Directors
In First Meeting
For The New Year
Cost Per Pupil
More For Texas
Than Over South
$100,000.
Under the present general regula-
tions. the lending institution must
have a combined unimpaired capital
and surplus of not less than $100,000
of which at least $50,000 is unimpaired
capital. This means that if an insti-
tution has only $50,000 of unimpaired
capital it must have at least $50,000
of unimpaired surplus. However, if
(Continued on Page 8.)
Unusual Radio
Announcement
Before the musical program I want
to say a few words on my own. 1 am
John McClain, and 1 am a newspaper
. man. Every day in the New York
nado and Mr. R. E. Meek read a re-
port of the nominating committee.
The board of directors of the asso-
ciation elected at the meeting in-
cludes:
. Sun I run a column called “On the
Sun Deck." 1 thought that I would
like to be a radio announcer, and the
makers of Chesterfield gave me the
chance.
1 went on the air, and the next
morning my friends called me up and
O. W. Anderson, said, "John, you'd better stick to
Wischkaemper. writing. You were terrible as an
Fred Swensen, Louise: J. W. Pras-
fika, Wharton;
Austwell; Herbert A. Wischkaemper, writing. You were terrible as an
Victoria, and Fritz Engelhard, Eagle announcer." And then a lot of let-
Lake. ters came in to the Chesterfield peo.
The officers for the coming year
are Fred Swensen, president; J W.
Prasfica, vice president; W. E. Me-
Cluney, secretary-treasurer.
The membership of the association
consists of borrowers who are also
the stockholders and as stockholders
are entitled to one vote each at
the annual meeting.
It was reported at the conference
that the association has made 174
loans for $112,568 to farmers of Whar-
ton, Colorado, Matagorda, Jackson,
Victoria, Goliad, Calhoun and Refugio
counties the territory served by the
association.
ters came in to the Chesterfield peo-
ple, saying practically the same thing.
Well, it isn't too encouraging, but
on the other hand it may be a good
thing. I've been working on it for the
last few days, and I hope I’m making
some progress. In the meantime, if
you can just string along with me
and remember to go out and buy a
lot of Chesterfields, I think I may
show you some real improvement.
If I don't—well, least I can do is
quit.
I hope that you will now enjoy Mr.
Kostelanetzs’ music.
The association makes short-term tu D..: .
loans for from 3 to 12 months for al- Irrigation Iroject
most any agricultural production pur- _ 3
pose including the production of crops,
livestock and livestock products. In-
trest is 5 per cent per year at pres-
ent and is paid only for the time the
borrower has use of the money.
Making Progress
Applications are handled by W. E
McClnney, secretary-treasurer. How-
ever, local correspondents have been
appointed in each county to accept
applications. The local correspondents
in this area are: Ed Melcher, Port
Lavaca; J. C. Arnold, Goliad; C. W.
Anderson, Austwell; Mrs. Carrie Mae
Weakley, Wharton; Mrs. Mary Martin,
Bay City; J L. Whitmire, Ganado; S.
The following directors met in reg-
ular session Thursday noon at the
BayTex Hotel with President Hamill
in the chair. C. A Ercikson, Layton
Moore, Lewis Matchett, W. F. Tetts.
Carl Bachman, Il Lee Anderson. Bob
Baker, R O. Kiser, Edw. Ryan E. O.
Taulbee, Geo E. Serrill, J. S. Mans
field, F. S. Taylor, B L. Livengood
and A II Wadsworth Various mat-
ters of business were discussed.
Secretary read letter from Danci-
ger Oil & Refining Co. in response
to our inquiry on carbon black plant;
W. A. Michael, acting associate state
re-employment director, with refer-
ence to the removal of PWA office
In response to many inquiries which
have been received by the Federal
Housing Administration concerning
its policy on foreclosure of mortgages
insured by it under the provisions
TitlelI of the National Housing Act.
it is pointed out by housing officials
that the administration has nothing
to do with the foreclosure of the debt
relationship between the borrower
and the lender. It merely insures the
lender against default by the borrow-
When default occurs, foreclosure
proceedings are instituted only by
the mortgagee (holder of the mort-
gage,) which in every case is a bank
or other mortgage lending institution,
although a method of procedure has
been devised whereby the lending in-
stitution cun collect the insurance
without formal foreclosure, thus sav-
ing the borrower a great deal of trou-
from Bay City to Palacios; and a let-
ter addressed to Judge McNabb from
railroad commission regardnig re-
FORT WORTH, Texas, Jan. 12.— naming Van Vleck field the Bay City
field.
Nine cents a day from each person of
voting age would have paid for all
publicity supported education in the
United States during 1932. During 1930
it cost 10c a day.
Add to the above costs 2c and the
bill for all private education could
be paid.
This was set out Monday by the
Texas State Teachers’ Association in
clarifying the position Texas holds
with regard to other states in educa-
tional costs.
Thus, it was pointed out, the 74,114,-
268 persons of voting age in 1932 for
11c a day could educate 27,000.000
students in public schools and 3,300,-
000 more in private institutions.
Mr. E. E. Wood of the new irriga-
tion corporation now engaged in de-
veloping an ambitious irrigating sys-
tem at Juliff, Fort Bend County,
stated to the Tribune that the proj-
ect is making very satisfactory prog-
ress.
The system is partly in Fort Bend
County and partly in Brazoria County.
It will utilize water from the Brazos
River.
The vast territory in the section
O. Boothe, Eagle Lake; Ethelyn M. The vast territory in the section
Schley, Victoria; William H. McClure, where th® canal system is being in-
dertaking to furnish a measuring
stick by which the justice of rates
may be judged over the entire coun-
try. The federal power commission is
now engaged in a most exhaustive
inquiry into this great industry which
affects the daily life of millions of
our people.
“The question to be debated is, of
course, one of public policy. There
is much argument on either side. A
great many authorities believe that
an industry of this nature cannot be
conducted efficiently by any govern-
ment agency. Other authorities just
as competent and just as sincere be-
lieve there should be a shift from pri-
vate to public ownership in order
| best to question the interests of the
people as a whole. Thus the question
as stated makes an almost ideal one
for high school debate. It touches
I very intimately almost every com-
| munity in Texas.
1 “Great power projects are now un-
I der way in Texas, and the problem
of their administration is a very pres-
I sing one. The study of this question
I by high school students under com-
I potent direction and with the stimu-
I lus of the debate contest to induce
I hard work on it should be productive
■ of fine results.
1 “Schools intending to enter should
I file entries with me before Feb. 1.”
Edna; H. L. B. Skinner, Columbus.
stalled is a vast one of practically
er Indus
enace Is Bared
WASHINGTON. Jan. 16 The exist-
ence of the oyster industry in Gal-
veston Bay and elsewhere along the
coast of Texas may be in grave peril.
Representative Joseph Mansfield of
Columbus, member of the house com
mittee on merchant marine, radio and
fisheries, declared Tuesday. A hith-
erto unknown species of leech or wa-
ter that attacks oysters has recently
destroyed several bars in Florida and
is rapidly spreading westward.
Representative S. 0. Blano of Vir-
ginia. chairman of the committee of
which Representative Mansfield is a
member. Tuesday called a meeting of
the committee for Thursday to map
out a campaign to combat the pest
and prevent its spread.
The United States bureau of fish-
eries admitted the danger of the new
Layton Moore reported two new
members, Hood's Variety Store and
Eugene Wilson.
Bob Baker presented to the board
exact likeness of proposed sign which
is now in the making and to be
placed at Rosenberg.
J. S. Mansfield, publicity chairman,
introduced Mr. Mowan. owner of Bay
City's new studio which is located in
the Bay City Bank and Trust Com-
pany Building. We are glad to report
the location of this studio in Bay
City and our publicity committee are
to co-operate with Mowan in getting
some pictures of the town, buildings,
and points of interest in and around
Bay City, which will he used for ad-
vertising purposes as needed.
A. H. Wadsworth, secretary of the
Bay City Federal Savings and Loan
Association brought before directors
the program their association now
has outlined, stating that a represen-
tative of the Federal Home Loan
Bank of Little Rock, Ark., would be
in the city in the very near future to
put on a stock selling campaign for
the association. Mr. Wadsworth asked
the co-operation of chamber in this
in the fact that the average annual undertaking. It was moved and car-
cost per adult for public and private ,"sl that we sponsor this program and
education in 1931.32 was $39.99 co-operate with the Bay City Savings
education in 1.1.11 was 533.09 as and Loan Association when federal
Cost Varies in States.
Cost per pupil in average daily at-
tendance for the various states va-
ries materially, according to data as-
sembled by the association staff. For
instance, Arkansas spends $31.70 an-
nually for each pupil and New York
$152.85. In Texas the cost is $63.70.
California, whose public educational
facilities are widely praised, spends
$139.30 per pupil per year.
That the schools have responded to
the demand for economy is reflected
ble and expense.
Eliminate Foreclosures.
The act provides a means which the
administrator has elaborated in the
registration for liquidating insured
mortgages, which should almost en+
tirely banish the nightmare of fore-
closure. Not only wil Ithe high costs
be eliminated, but the mortgagor will
actually have a period in which he
can redeem his property equivalent
to that which he presently enjoys,
with all the advantages of realizing a
further sum for the ultimate sale by
the administrator.
This provision, new to the mort-
gage lending business, which is a part
of the act and the regulations, and
therefore binding upon the adminis-
trator, permits the mortgagee and
mortgagor (the borrower) to tender
all their interest in the mortgaged
property to the administrator in lieu
of a foreclosure. If the mortgagee al-
so agrees to release the mortgagor
from all obligations under the mort-
gage the adminsitrator may accept the
property and shall at once comply
with the provisions for payment of
insurance to the mortgagee. The ad-
ministrator further agrees to hold the
property for it period of four months
plus the statutory redemption period,
if there Is such a period in that state
where the property is located. During
this time the mortgagor may regain
his property by paying a sum sub-
stantially equal to the mortgage debt.
Thus, he will, in effect, redeem his
(Continued on Page 8.)
compared to $44.34 in 1929-30.
Comparisons Drawn.
In dollars and cents these figures
reflecting retrenchments are as fol-
lows:
representative arrives. A committee to
be appointed by the chair to work
with this association.
The directors went on record as fav-
oring the payment of soldier's bonus
and requested Mr. C. A. Erickson, our
Total expenditures for all education,
elementary econdary and higher, ate
1, 5 ‘ national councilman to so notify our
public and private for al educational "
institutions reporting these data for
Thief Steals Car
Parked At First
National Bank
1931-32 was $2,964,073,024, which was
$270,564,543 or 8.4 per cent less than
was spent in 1929-30 although there
were 556,399 or 1.87 per cent more stu-
dents attending than two years be-
fore.
congressman and senators.
E. O. Taulbee reported the need of
$25 in completing Matagorda County's
quota of $500 in Intracoastal Canal
Association, He suggested that small
I W HAILEY LOSES FORD COUPE
THIS MORNING AT 10:30.
How Much Can
Uncle Sam Owe
all sod land, ideal for rice growing.
Approximately 15,000 acres in rice
will be farmed this year, chiefly
by Matagorda County rice growers.
This new company with a capital
stock of some $250,000 has been form-
ed by F. E. Wood, Spence Clements,
and R. Q. Pegram of Bay City; Dick
Clements of Wharton and Bob Bris-
coe of Houston.
Much land along the new canal has
been put in shape for planting. One
pump has been installed while two
others are in transit or on the
grounds.
How much money can the United
States government owe before its
credit becomes impaired and it can't
borrow any more?
We don't pretend to know the ans-
wer, but the latest estimates we have
seen from Washington place the fig-
ure a great deal higher than used
to be thought possible.
At the beginning of the depression
the national debt was about 16 bil-
lion dollars. That was about 10 bil-
lion dollars less than the peak of
war-time; we had paid off more than
a third of the national debt in ten
years.
At the end of 1934 the national debt
was 2812 billions or 212 billions above
its previous highest level. At the pres-
ent rate of borrowing the debt Is in-
creasing at the rate of about 4 bil-
lions a year.
A year ago we were told from
Washington that the nation could
stand a debt of 35 billions and not be
harmed. Now from the same sources
we are told that a federal debt of 50
billions would not be unreasonable
or result in harsh taxation to pay
the interest. At the present rates of
interest on government loans, it would
take about 112 billions a year to pay
the interest on 50 billions and the
tendency of interest rates is down-
ward.
If we add to the possible 50 billion
of federal debt the 20 billions of
Tax Paying Period
Closing Time Near
For those who did not take advan-
tage of the split tax paying plan, the
tax-paying period is drawing near,
the last day being the 31st of this
month
The taxpayers who took advantage
of the spht payment plan have until
June 30 to pay or finish paying. This
pest but said it had practically no
knowledge of it and does not have------.. .
sufficient funds to make a thorough plan is a great help and would be
investigation. , E: Mil better if made quarterly.
donations from individual business
men would be accepted and if we
county in this section to complete
theii quota. We are glad to add that
the $25 was raised before the meeting
adjourned.
Rice Growers
Urging Action
Although (here is little question
but what Crowley and the rice mills
of this parish will be represented at
the public hearing to be held in
Washington, D. C., Jan. 21, effort is
being made to secure definite action
for the growers before this date.
The fact has been made clear that
the growers need some immediate
A thief or thieves stole the Model
V-8 Ford coupe of Mr. E W. Bailey’s
this morning about 10:30 while Mr.
Bailey was in the office of Mr. J. R.
Cookenboo. upstairs over the First Na-
tional Bank. Mr Bailey had left his
car parked at the side of the First
National and had gone upstairs to
Mr Cookenboo’s office between 10:30 %
and 11 o'clock. His car was gone
| when he came back down stairs about
1 11:10.
| The car was a black V-8 Ford coupe
eleven months old.
NEWGULF THEATER HAS THREE
HEADLINERS FOR WEEK
In this issue is found an ader-
tisement from the Texas Theater, in
Newgulf in which Mr. Edmonson is
advertising for the week Broadway
Bill." "Flirtation Walk." 'Country
Gentleman," three of the leading pro-
ductions of the year.
action along a number of points.
There is a definite movement being
made to try and secure a 90 per cent M.s.ul C. A.
commodity loan on rough rice in or- IatagorOa UO. I IdV
der to take care of those farmers who 1 “ •
have rice on hand now and can not
sell.
There is also a definite move and
effort being made to get the control
plan in the hands of the farmers in
order that they may know what their
allotments are going to be in order to
plan for the 1935 rice crop.
The importance of keeping the pro-
cessing tax, which appears certain,
from being applied on the 1935 crop
is also being stressed. If the tax is
applied to floor stocks, it is explained
then the mills will not buy. It is even
declared they are not buying now
because they do not want to have the 1
■ tate and municipal debts, the bur-
den upon the entire people of the
total load of 70 billions would be
about $560 for every man, woman
and child. The present per capita fed-
eral debt is about $225 In Great Bri
tain the national debt burden is about
$973 a head; that of France is $470.
while Germany, which repudiated
and liquidated mose of its debts by
inflation, carries a debt load of only
$94 a head.
How large a debt a nation may car-
ry depends on how confident its peo-
ple are that they can pay the inter-
est. It also depends upon — / soon
the bonds fall due. England has some
bonds which run for 99 years, requir-
ing only a trifling percentage annu-
ally for sinking fund purposes. There
are some railroad bonds outstanding
in this country which run for more
than 100 years. We commend the
idea of very long maturities for fu-
ture federal borrowings.
Leaving
V D
For N. W.
Several hundred tons of Matagorda
County hay have begun to move into
the drouth-stricken areas of West
and Northwest Texas.
Most of the hay now moving is
choice prairie hay which is bringing
the owners around $7 per ton.
Kiwanis To Install
Officers Fri. Nite
stock on which to pay a tax.
Another point which is being plac-
ed before Washington for action is the
paying to the farmers the 40 per cent
which was sent to the trust fund by i
the signatory mills. A number of,
farmers here have been waiting since :
last August and September for the
LADIES NIGHT ALSO FEATURE or
NEWLY ORGANIZED LUN-
CHEON CLUB.
return of this 40 per cent. It has not The Kiwanis Club will have an in-
been returned This was sent in, of allation of officers at its banquet
Friday evening at the BayTex Hotel
as well as an entertainment for the ‘
program which required sending 40 ladies of the city. The newly elected
..........................." “ ’ ”.....president of the club is Ernest Deu-"
. tsch; Vice President. F Montague, .
ers who had complied with the pro-and Secretary, D. A. Einkauf.
gram were to receive their 40 per The Kiwanis Club was organized in 1
cent back Many of them have not the city last fall and since that time 1
many important events have come
and gone and many have been the ac-
complishments of the local club. The
club is a luncheon club, composed of
the business men of the city. It works !
course, before the government re-
moved the restrictions on the control
per een to Washington on all lots of
rice sold. At that time only the farm-
gram
were to receive their 40 per
received it as yet.
Growers who have money in this
trust fund at Washington are being
urged to give their names to The Sig-
nal. Every effort, it was stated, is to
be made to try and secure this money
now.
The real necessity of immediate ac-
tion on this point is being stressed
here by the growers and their lead-
ers.
for the advancement of the city, it
co-operates with every move of its
brother club, the Rotary Club. Tt
promises to do many things in the
citv despite the fact it is just in its
infancy locally
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Reference the current page of this Newspaper.
Smith, Carey. The Matagorda County Tribune (Bay City, Tex.), Vol. 89, No. 27, Ed. 1 Thursday, January 17, 1935, newspaper, January 17, 1935; Bay City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1696520/m1/1/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Matagorda County Museum & Bay City Public Library.