Palacios Beacon (Palacios, Tex.), Vol. 26, No. 31, Ed. 1 Thursday, August 3, 1933 Page: 3 of 4
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CARANCAHUA
Mrs. L. J. Slaikeu spent several days
last week at the Whyman home in
Ganado.
Mr. and Mrs. Bell Poe of Houston
eame in Monday for a weeks outing in
their home here.
Bobby Carrol Margerum returned
Saturday to Palacios after spending
a week at the Slaikeu home.
There was no Sunday School Sun-
day on account of muddy roads but
a good crowd was out to singing at
night.
The Turners observed the third
birthday of their little granddaughter
JoAnn Taylor last Thursday by in-
viting some of the neighbors in to eat
ice cream and the lovely birthday cake.
Here's hoping the little lady may have
many more happy birthdays.
Miss Dorothy Schicke celebrated
her fourteenth birthday Friday by
giving a party to her neighbors and
friends in this community. A large
crowd was present and all enjoyed the
games and the supper of fish, sand-
wiches and pickles. We oil wish for
her many more happy birthdays.
"In helping others to succeed we in-
sure our own success.
ECfer Sal
An EFFERVESCENT
Saline Laxative
Corrects Faulty Elimination
and Toxin. Poison
f
f
DON'T
THROW
THAT
SUIT
AWAY!
We can make it look
like new! Expert, prompt
work. Goods called for
and delivered.
Suits, coats and wo-
men's clothing dyed and
cleaned Perfectly — and
ready in time!
To have our messenger
call for your garments,
just phone 65.
FIELDS'
TAILOR SHOP
Novelty Pervades
Dialogue and Song
of 'Melody Cruise'
An Encouraging Sign
Devoid of mechanical chorines who
intrude into the plot without the least
provocation, the obnoxious crooner who
puts the brakes upon the action of
comedy or drama, and the female
chirper who blurts into song unprop-
itiously, "Melody Cruise," RKO-Radio
Pictures' musical movie opening at the
Queen Theatre next Wed, is said to
shatter musical picture conventions.
Brilliant novelty embraces the
rhythmic song and dialogue of "Mel-
ody Cruise." Four tuneful melodies
with clever lyrics form part of the
story without upsetting the continuity.
Supplanting the stereotyped chorines
are thirty-six beauties who partici-
pate in the situations which mark the
story. When Phil Harris or Helen Mack
sings, the story rolls along smoothly
with the action maintaining steady
harmony. By extraordinary photo-
giaphic effects, fish fox-trot on the
ocean waves; an ocean liner stands
up on one end and waltzes in the har-
bor; stars form music bars and shim-
mering notes in the heavens.
The players' performances are again
in keeping with the unusual rhythm.
Charlie Ruggles drollery suits his part
of the henpecked husband. To prevent
his wife from opening a letter written
by Phil Harris which reveals all his
indiscretions and profligacies, he must
keep Harris from getting married,
while they voyage from New York to
California.
Phil Harris, it is remembered, is the
bass baritont whose voice radio fans
have been hearing for the last four
years from the Cocoanut Grove in Los
Angeles. The orchestra leader revealed
his ability to act when he clicked in an
RKO featurette. Also cast in "Melody
Cruise" are Greta Nissen; Helen Mack,
recently from "Sweepings" with Lionel
Barrymore; Shirley Chambers, June
Brewster, Chick Chandler, Marjorie
Gateson and Florence Roberts.
The picture was directed by Mark
Sandrich who co-outhored the story
with Ben Holmes.
"And to my divorced wife I leave a
kiss," concluded the will of J. C. Rob-
erts of Los Angeles, which disposed of
a .$250,000 estate.
Most encouraging is a report just
issued by Dr. Shirley W. Wynne, health
commissioner of New York City, con-
cerning the decrease of automobile and
industrial accidents in that city in re-
cent months.
Automobile deaths numbered 100 in
January, but only 70 in May, despite
the fact that more cars were on the
road and more children playing in the
streets. Industrial and other accidents
dropped even more sharply, although
more persons were employed in indus-
try than in former months.
The records shows 209 industrial ac-
cidents in April of this year as com-
pared with 272 in April, 1982, while
in May of this year there were only
208, as against 296 for May, 1932.
This reduction in the number of ac-
cidental deaths and injuries, as well
as deaths from alcoholism, Dr. Wynne
declares in his report, is largely due
to the fact that the lagalization of beer
has reduced the consumption of whisky
and thereby promoted tha cause of r.al
temperance. He says:
"May, 1933, showed fewest deaths
from accidents on our recent records.
The conclusion is that the people of
New York have been drinking less of
strong liquors and that the legaliza-
tion of beer has saved approximately a
life a day since April 7."
Anyway, it is encouraging to ob-
serve a reduction of the frightful death
and accident toll which long has shown
us to be the most careless people in
the world.
Ho to All the People Played a Part
In Building Nation's Credit Structure
Banker Describes the Way Loans and Securities of Banks
Are Bated on the Hopes and Plans of All
Clawcs—Values Dependent on Public's
H Ability to Meet Obligations
By FRANCIS H. SISSON,
President American Bankeri Association in The Forum
working people of
Relief Mobilization
P. H. SISSON
or profits from
Vending Machines
There are 285 sawmills in Texas,
which in 1931 produced a total of 750,-
000,000 board feet of lumber, most of
which was Southern Pine.
Admitting that they stole merchan-
dise from stores in Winnipeg, Canada,
Mike Waldner and John Cross were
sentenced to be spanked in public.
John D. Rockefeller was 94 on July
8, and apparently good for several
years more, at least enough to reach
the century mark. Since his retirement
as head of Standard Oil in 1911, he has
become the world's greatest philan-
thropist, and has given nearly a bil-
lion dollars to various benevolent en-
terprises, Perhaps his most notable
contribution to the welfare of mankind
has been in the field of medical re-
search.
Slot machines for vending a wide
variety of merchandise have been In-
troduced with great rapidity in recent
years one company alone manufactur-
ing such "automatic clerks" having an
investment of 25 million dollars in this
field.
Although coin-in-the-slot machines
have been common for a long time, it
is the extension of the idea to so
many lines that makes recent develop-
ments notable. The convenience to the
public is seen by the fact that many of
them are set up under such means of
protection that they give 24-hour ser-
vice.
One drug store in Detroit uses no
less than 52 slot machines, selling many
kinds of creams, pastes, soaps, tobacco,
and in fact all sorts of packaged pro-
ducts, then there are others which vend
sodas, radio entertainment, electric
vibration, gasoline, canned goods, tea,
coffee and even eggs.
All those are said to have been de-
veloped from an idea originally em-
ployed by a manufacturer 40 years
ago, when he engaged a carpenter to
build the first chewing grum vending
machine, which was at the time look-
ed upon as only an ingenious toy. It Is
another illustration of how great in-
dustries sometimes grow out of an
apparently insignificant experiment.
When Alexander Veryard of Ongar,
Eng., was arrested on a woman's com-
plaint he admitted that he kissed all
of his feminine tenants.
* V
2)orit (Blame ~~U±
IF THIS FAN
a
IO
u
Its guaranteed
Since the manufacturer gives a bind-
jng guarantee of FIVE YEARS on tHe
fan pictured above, we'll be pleased,
but not surprised, to see you get 10
years' service out of this household
and office necessity.
We now offer attention-compelling
bargains in our regular line of Emer-
son Fans and Eincrson Air Circulators.
And, we especially invite you to see the
new Airmaster—a patented 10-incH os-
cillator. All are non-radio interfering.
Buy one or more of these efficient
fans and treat yourself to refreshing
breezes NOW, and for many seasons
to come! And, when you walk into our
store, expect to find
Prices Even Lower Than Last Year!
&
CENTRAL POWER AND LIGHT COMPANY
CONVENIENT TERMS AVAILABLE
t,
_ 1
pspiiLiiiiiMU
1,1 i ■ '
i
ii-
CREDIT may be Informally described
as future hopes, plans and good In-
tentions converted Into present pur-
chasing power. The
fanner, the manu-
facturer, the mer-
chant, the home
buyer, the pur-
chaser of household
goods, the Investor
and the speculator
all borrow at times.
They plan to repay
with the earnings
of their crops, pro-
ceeds of the sales of
their goods, In-
comes from their
wages and salaries
the resales of their
securities at enhanced market values,
each as the case may be.
The greater part of these various
forms of credit is obtained by the bor-
rowers directly or Indirectly through
the expansion of the loans and Invest-
ments of the banks. It Is this which
creates the notes, securities and mort-
gages In the portfolios of the banks.
The banks are ablo to extend these
loans because a great many people de-
posit money with them.
Even under the best conditions the
plans of a small percentage of borrow-
ers go wrong through mistakes, hard
luck or dishonesty, and the judgment
of the banker in such cases Is proved
by the after event to have been at fault.
The losses caused under such condi-
tions are ordinarily fully met by funds
set aside out of the earnings of the
banks for just this purpose and' do not
affect the money of the depositors, who
seldom hear anything about such
losses.
In the vast majority of cases and In
the overwhelming volume of business
Involved the confidence of the bankers
In their customers and the confidence
of the customers in their own ability
to carry out their plans and obligations
to successful conclusions are wholly
justified. This Is the normal economic
situation and it constitutes the condi-
tions under which the use of credit
adds to public welfare and progress.
The Faith of the Banks
Such was the structure of hopes, good
intentions and common confidence in
one another that existed among all
classes of the nation's community life
when the series of economic shocks
began to shake the nation's social fab-
ric in 1929. The people had deposited
billions of dollars with the banks be-
cause they had confidence In them. The
banks had loaned large volumes of
these deposits on farm and home mort-
gages and on notes of manufacturers,
business men and finance concerns, and
had invested in the standard securi-
ties of the nation's corporations, state
and local government units and the
national government itself, because
they had confidence In the citizenship
and business condition of the nation.
Their mortgage and other loans to
owners of farms aggregated $6,500,000,-
000. Loans on urban real ostate were
$4,000,000,000. Loarw to Individuals se-
cured by U. S. Government, municipal
and corporate securities totalled $11,-
000,000,000. Loans to Industrial and
commercial enterprises In connection
with the production and distribution of
the nation's Infinite varities of goods
amounted to almost $19,500,000,000.
Investments in Federal, State and mu-
nicipal bonds were almost $6,000,000,-
000, and in various kinds of railroad
and corporate securities $11,000,000,000.
These made total loans and Invest-
ments of $58,000,000,000.
This great credit structure was built
while the country was at peace, while
the farms and factories were produc-
tive, while the nation and the world
provided great active markets for their
outputs, while the earnings of all kinds
of enterprise were large, while the
the nation were
fully employed, while wages and sal-
aries were steady and generous, while
prices of commodities were strong and
while the minds of the people were
dominated by faith in the future and
confidence In one another.
Great Changes Came to the Nation
Then suddenly, almost as If the sun
itself had lost part of its vitality,
everything changed. Foreign markets
failed and dlsappea.ed. Industry slack-
ened. A rapid drop In all kinds of com-
modity values set In. The earnings of
business fell. Unemployment devel-
oped. Wages and salaries went down.
Domestic markets shrank. Fear be-
came general. The securities markets
became panic-ridden as the prices of
stocks and bonds withered to fractions
of their former values. It was the
greatest disintegration of human
plans, economic conditions and worldly
values that history had ever witnessed.
These destructive changes cut right
through the qualities and values of the
loans and Investments, the notes and
securities In the banks. Business men
and manufacturers could not repay
their notes to the banks as due. Many
governmental units and corporations
defaulted the payments on their bonds.
Property underlying real estate mort-
gages became worth less than the face
of the mortgages. The market values
of standard securities became less
than the banks had paid for them as In-
vestments or accepted them at as col-
lateral for customers' loans.
This meant, in fine, that the ability
of borrowers to carry out the future
hopes, plans and good Intentions that
I have denned above as the basis of
credit, had become impaired to a far
greater extent than had ever before oc-
curred in the nation's history. The re-
sulting losses could not be absorbed by
the banks alone out of the normally
ample funds that had been sot aside
against the expectancy of a certain In-
evitable percentage of human plans
gone wrong.
Banks Showed All Reasonable Care
It was In loans and investments,
whose values thus became so unfore-
seeably impaired, that the banks, in all
confidence, In all good faith, In all
humanly reasonable care and good
judgment had entrusted the billions of
dollars of deposits which their cus-
tomers had entrusted to them.
Those loans and Investments were,
under all normal corditions, as good as
gold itself. Indeed if the banks in-
stead had filled their vaults with gold
bars, and then some unknown cosmic
ray had transmuted them Into lead, the
results would have been scarcely more
startling than the depreciation that
was caused in the assets of the banks
by the unforeseeable economic forces
which permeated and debased them.
The inevitable result was that, when
the banks urgently needed the money
they had entrusted to those assets, so
that they could meet the unreasoning
demands of their depositors, they could
not get It back.
It was not that our banking system
and methods were of themselves weak
or reprehensible, apart from the rest
of the life ot the nation, as has so much
been made to appear.
It was not that our banks were per-
meated with Incompetency or dis-
honesty or with lower standards of
business ethics than were the other
forms of human activity with which
their own fate and activities were In-
extricably Interwoven, as, it almost
seemed at times, there was a concerted
national conspiracy to lead our people
to believe.
The great fact of American banking
is that it shared fully In the plans and
hopes and hazards o. the American peo-
ple,—and when those plans went
wrong, the banks carried their share
of the burden and suffered their share
of the misfortune.
While it is hoped that the unem-
ployment situation may be less acute
next winter, relief workers know that
there will be tremepdous demand for
food, clothing and shelter among the
poor for many months to come.
Plans for continuing relief work will
be laid at a rally of civic and welfare
leaders to be held in Washington in
September. Itj is expected to conduct an
intensive mobilization effort between
October 29 and November 19, when the
public will be called upon to give liber-
ally for the support of local commun-
ity chests, but no national fund will
be raised.
Newton D. Baker, former secretary
of war and head of relief mobilization
last year, again has been called to
service as chairman of the 1933 mobi-
lization, the object of which is thus
stated: "Its sole purpose is to coordin-
ate social service organizations and
to prevent to the public the necessity
,of the human services which must be
supported at this critical time."
As heretofore, women will play an
important part in this mobilization,
and women's committees will be form-
ed in every community supporting wel-
fare services.
Through the unselfish labors of
many thousands of volunteer social
workers, both men and women, suf-
ficient, funds have been raised in the
past to reduce actual suffering to a
minimum during the depression. This
work must go on if the distress which
still faces millions of our people is to
bo avoided.
FARM ACCOUNTING
CONTEST LAUNCHED
—1* J
Bankers Evolve Plan for Stim
ulating Important Aid to
Farm Success
Newspaper Facts
TRY—
—And turn this page without reading
this ad. This is just another instance
to prove that ads in the Beacon are
read, even though they may be set
in small type and to attract no undui1
attention with large black type.
uinx '.ii
Some interesting facts concerning
newspapers and advertising are con-
tained in a new book by Fred J. Has-
kin, veteran syndicator of information,
from which the following are con-
densed:
Egyptians used advertising 4,000
years ago. Most early advertising was
pictorial in character. The first news-
paper advertising is said to have ap-
peared in Germany in 1591.
It is estimated that about a billion
and a half dollars are spent annually
for all kinds of advertising in the
United States.
The fastest modern newspaper
presses can turn out about 34,000 24-
page papers an hour, and a somewhat
larger number of 12-page or 16-page
papers.
James Gordon Bennett began the
publication of the first review of fi-
nancial news in the New York Her-
ald in 1835.
America's two most famous publish-
ers are getting along in years. Adolph
S. Ochs of the New York Times was
seventy-five on March 12, and William
Randolph Hearst was seventy on April
29.
Newspaper editorials were originat-
ed by John Dillingham, an English
journalist, and one of them got him
into jail in 1645. Sometimes justly and
sometimes unjustly ,other editors have
met a similar fate many times since—
New Mexico Bulletin.
^PHE Cache county, Utah, bankers re-
* cenlly added a stimulus to banker-
farmer cooperative work by launching
a fawn accounting contest. At a meeting
of the Clearing House Association the(
project was put before the bankers, and
methods and plans formulated.
Each bank in the county agreed to
enroll a minimum of five farmers In
the farm accounting project. The
names of the farmers when enrolled
w.l 11 be sent to the Secretary of ths
Clearing House, and also to the Ex-
tension Division of the Utah State
Agricultural College. The bankers
agree to cooperate and keep In cles»
touch with each farmer they enroll so
as to Insure the completion of a maxi-
mum number. The bank which suc-
ceeds at the conclusion of the contest
In enrolling the lurgest number of
farmers completing the project will be
given a special recognition at the'an-
nual meeting.
The banks of Cache county have
agreed to subscribe to an award fund,
which will be presented to live winners
as follows: first prize, $35.00; second
prize, $25.00; third prize. $20.00; fourth
prize, $12.50; fifth prize, $7.50. »■
Recognition lor Good Farming
In addition to the cash prizes, every
farmer customer enrolled, who scores
sixty per cent or more, will be awarded
a special certificate Issued by the
Clearing louse Association and the Ex-
tension Service jointly In cooperation
with the Agricultural Committee of the
Utah Bankers Association.
The scoring will be done on the fol-
lowing basis:
Farm and home account records
(accurate and complete) 56%
Sucsess of year's operations as
brought out In the summary of
the year's business 25%
General appearance of farm and
Improvements ard condition of
livestock and poultry, (Judging
t» be done during the summer
monthB) 25%
The contest will end December 31,
1933. The Judges will be the County
Agent, the County Key Banker, a rep-
resentative of the Clearing House As-
sociation, and two representatives se-
lected by the Extension Division of
the College.
Manufacturers to
Show at State Fair
Confederate Cabinet
While the Confederate government
under President Jefferson Davis was
in existence only a little more than
four years only one cabinet officer—
Stephen R. Mallory, secretary of the
navy—served throughout the whole
period.
During the same time there were
three secretaries of state ,Toombs,
Hunter and Benjamin; three secre-
taries of the treasury, Memminger,
Trenholm and Reagin; six secretaries
of war, Walker, Benjamin, Randolph,
Smith, Seddon and Breckenridge; two
postmasters-general, Ellet and Reagan,
and four attorneys-general, Benjamin,
Bragg, Watts and Davis.
Judah P. Benjamin of Louisiana
went into the cabinet in 1861 as at-
torney general, was secretary of war
for a short time in 1862, and was made
secretary of state later in the same
year, serving as such to the end. John
II. Reagan of Texas served as post-
master-general from 1861 until 1865,
when he became the Confederacy's last
secretary of the treasury.
President Davis, who had been secre-
tary of war of the United States from
1853 to 1857, appears to have haH
difficulties with his own secretaries of
war, whom, as noted above, he had
six.
"Up to date advertising is the logi-
cal argument of an intelligent sales-
man addressing intelligent prospects.
Son: "Dad, do you know that in
some parts of Africa a man doesn't1
know his wife until he marriee her?"
Dad: "Why single out Africa?"
"Do you think going into politics
improves a man's disposition?"
"Well, at any rate, he is obliged
to look pleasant often enough to have
his picture taken for campaign pur-
poses."
"Would you mind going the other
w'y and not passing the 'orse?" said
a London cabman with exaggerated
politeness to the fat lady who had just
paid a minimum fare.
"Why?" she inquired.
"Because, if 'e sees wot 'e's been
carryin' for a shilling 'e'll 'ave a fit."
J
Dallas, Texas, August 3.—Texasi
manufacturers, of which there are 750
major ones, will again be featured in a
Texas Manufacturers Show at the*
State Fair of Texas, it has been an-
nounced here by Holmes Green, who
will direct the exhibit. The manufac-
turers show will be staged in the Main
Exhibit Building, where it was held
in 1932. However, more space has
been allotted the exhibit for the 1933
exhibit.
There were 125 Texas manufactur-
ers represented in the 1932 display.
Arrangements have' been made for
more than 300 to show their wares at
the 1933 exposition, and from early in-
dications all space will be filled for the
show. Almost half of the entire build-
ing has been set aside for the manu-
facturers.
Entertainment programs are being
arranged and will be staged as the cen-
ter of the exhibit. These programs
will be presented several times each
day. In addition to the programs sev-
eral concerns are building their ex-
hibits around live models, according
to present plans.
ONE SOLOMAN MISSED
"I like eur new apartment, but the
neighbors can hear everything we
say."
"Well, why don't you hang a heavy
tapestry on the walls?"
"But then we couldn't hear what
the neighbors say."
TOTAL DARKNESS
■ n
ill
A traveling man went into a coun-
try hotel. There was a very dim lamp
burning in the office. He remarked to
one of the farmers seated in the office
that the light was not very good. The
farmer replied:
"By heck, you know that I think
two lamps like that would make total
darkness."
"I understand your wife came from
a fine old family."
"Came is hardly the word—she
brought it with her."
•'a«3
i
Climber: "I s-say, what if the rope
b-breaks?"
Guide: " Now, don't you worry-
about that. I've plenty more at home."
"Peggy's gone up in the world has-
n't she?"
"Indeed. Why, sh# used to marry
men she wouldn't even invite to dinner
now."
An old Quaker going down the street
one night was assaulted by a thug who
struck him on the cheek. The Quaker
quietly turned to the thug and said:
"Would thee mind slapping the other
cheek, too?"
The thug promptly did so saying,
"Well, you are an easy mark."
"Now God be praised," said the
Quaker, proceeding to throw off his
coat and roll up his sleeves, "I have
obeyed hia teachings—and now I am
going to lick h— out of thee!"
H
I
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Palacios Beacon (Palacios, Tex.), Vol. 26, No. 31, Ed. 1 Thursday, August 3, 1933, newspaper, August 3, 1933; Palacios, Texas. (https://texashistory.unt.edu/ark:/67531/metapth412025/m1/3/?rotate=270: accessed July 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Palacios Library.