The Carrollton Chronicle (Carrollton, Tex.), Vol. 35, No. 1, Ed. 1 Friday, November 11, 1938 Page: 5 of 10
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i
Why Recovery Lags
The Federal Reserve Board
reports that there is 40 per-
cent more money in circulation
at the present time than in
1929 at the heighth of the
boom; that we have 25 percent
more morny in bank accounts
and 200percent more gold than
we had in the most active
financial year, in history; that
bank deposits are close to the
all time high.
Apparently we have plenty
of money, but it is not work-
T. P. & L. Farm Power Pioneer
Discusses Progress in Texas
il'il'hn
"Farmers of Texas arc finding elec-
tric power an important factor in their
revision of agricultural programs us
they are forced to turn to the new
problem of marketing feed crops from
acres retired from cotton production,”
declared W. W. Lynch, vice president
of Texas Lower and Light Company,
Who Is in charge of rural electrifica-
tion, in an address before the Dallas
Agricultural Club.
Lynch is secretary-treasurer of the
Texas Committee on the delation of
Electricity to Agriculture, an organi-
zation formed in 1925 at a meeting of
farmers, agricultural college faculty
members, state officials ar.a represen-
tatives of power companies. This meet-
ing, called by John W. Carpenter,
president of Texas Power and Light
Company, named Dr. T. 0. Walton as
first chairman and mapped a program
which resulted in employment of P. T.
Montfort as director of research, with
headquarters in College Station, where
he has compiled an accurate record of
many applications of electric power te
'farm work through experiments and
research carried out on a large num-
tw of test farms set up by tne com-
'mittee.
i Lynch exhibited maps showing inter-
connection of the many large generat-
ing atations operated by power com-
panies in Texas, showing how they are
able to provide service for the exten-
sive transmission system which sup-
plies the demands for power over tne
tntire state. He showed also how this
transmission system is tied to rural
electrification projects of the power
Companies as well as to those financed
by the Rural Electrification Adminis-
tration of the Federal Government to
Which power is furnished by the power
Companies at wholesale rates.
"Our company, which pioneered
rural electrification in Texas, now
serves more than 40,000 farms and
rural homes,” declared Lynch, “of
Which some 11,000 are actual farms,
probably 35,000 farms in 'Texas now
have electric service from central sta-
tion generating plants, being served
cither directly by the power compa-
nies, or through REA co-operative
projects,” he continued.
The speaker pointed out that the
REA has allocated more tnan ijlo.OeO,-
000 to some 56 projects in Texas to
W, W. Lynch
provide for more than 10,000 miles of
lines to serve some 30,000 farm and
rural customers. “This figure has been
substantially matched by the privately
owned power companies," Lynch said.
“Thus it is evident that many Texas
farms are using, or Boon will be using,
rural electric power.” i
“Our experience has been that the
longer a farmer uses electric power, the
wider his use of it becomes,” declared
Lynch, explaining that this has been
the result of study of rural customers
over a long period of years during
which his company has been providing
such service. “We began studying this
problem many years ago,” he con-
tinued, “and in 1930 built the first ex-
perimental line of the type now used
almost exclusively in this work. The
biggest boost which came to the solu-
tion of early problems was when
manufacturers gave us materials with
which to build today’s low-cost line.
This made possible the construction of
many hundreds of miles of lines which
were impractical previously. That is
why we have been able to make such
rapid progress in this work during the
past four or five years,” he said.
ing, for the Reserve Board
adds that the turnover of bank
deposits is at tile lowest rate
on record.
It is pretty easy to under-
stand why our money won’t go
to work when we consider that
owners of money—yes, even
those of us with a dollar or
two in our pockets—hesitate
to take a chance. Money will
not take a chance in face of
threats of more business regi-
mentation by government,
mounting government debt
and higher taxes. To properly
work, money must have con-
fidence.
As the Knoxville (Iowa)
Journal puts it:
“Active business, prosperity
and unemployment all await the
restoration of confidence in the
minds of the people. What is
needed is not more experimen-
tation, planned economy, and
more new fangled schemes
from Professor Balderdash,
but a return to American sani-
ty and common sense.”
Don’t Pick Out a Printer
Blindfolded
JACK KELLER
Dallas Attorney
We may print your obituary some
day. We would like to get acquainted
with you now so we will be able to
do it justice.
here9# where 1
save money
' -/ '
I-
it’s economical to Ccck CUctpic&lllf
Electric cooking does save money. In the first place, much cooking may
be done with the current turned off. Automatic oven heat and time con-
trols prevent wasteful burning, making failures practically impossible. The
thrift cooker or the oven will cook an entire meal with the same amount
of current that cooks a single dish. Electric cooking saves the cook, too,
there are no blackened pans to scrub. And it saves the cook's time, she
may set the timer and go out, knowing that the meal will be perfectly
cooked. Find out now how easily you may enjoy the advantages of elec-
tric cookery, and save money, too.
This is...
See For Yourself That ELECTRIC COOKING
Costs Only i/j as Much as You Think
Visit Local Electrical Dealers
and See the New Model Electric Ranges
TEXAS POWER A LIGHT COMPANY
... Get the One Who Can
Help You SELL Your Goods
We have the ability to help
you sell your goods and we
can do this at a reasonable
cost to you.
Economy and standard-
ization are the watchwords
here. We use Hammermill
Bond, the standard, econom-
ical, business paper and we
turn out a grade of printing
that brings results for our
customers.
LET US SHOW YOU
The Carrollton Chronicle
Phone 92
j K*SS8!2SSSSSSSSSSSSSSSSSifSrg^SiSSSS?£!SSirs:SSSSi3S2g?SJS!SSS!SSS!SSSSS;£2g?SSgS3?
Turkeys Wanted
If you want the top market prices for your Turkeys,
Bring them direct to our dressing plant in Dallas.
We begin dressing Saturday, October 29, for the
holiday season.
Get our prices before you sell.
Kadane-Brown Co., Inc.
2800 CANTON STREET, DALLAS
Phones:
Long Distance 486 Local 7-5128
The Kind of Re-
form We Need
It is said in some responsi-
ble quarters that few legisla-
tive bombshells will be explod-
ed in the next Congress. Gov-
ernment officials, it is rumor-
ed, have at least dizcovered
the danger of proposing one
piece of experimental legisla-
tion after another, and are no
where near as eager as they
were to propose new and ex
traordinary “reforms” affect
ing industry, agriculture and
Policy Holders In Com-
pany Do Not Lose
Jack Keller, local Dallas at-
torney who was appointed Re-j labor,
oeiver for the Great Republic If that is true, its lime for
ife Insurance Company on j,ogannaR> For nothing can so
January 26, 1935, after a1 imperil recovery and the at-
Travis County District Court tainment of a sound economy,
had found the company inso]- aS a charotic and unpredict
vent and in urgent need of a able policy on the part of the
Receiver, was discharged Federal government. No man
Wednesday of this week by the jg willing to risk his savings
final delivery of all the books jn productive industry when
and papers of the company to he doesn’t know from one day
the Postal Union Life Insur-|to the ngxt whether a new
ance Company. law, a new taX; or a new a(j
The Great Republic Life In | ministrative decision, may de
surance Company has been do- stroy them. No man can look
ing business in Texas since forward with optimism and
1914, and there were in exis faith to the future when his
tence approximately five mil- government takes an inimical
lion dollars of insurance on attitude toward those busi-
citizens of this state. Mr. I)esgeg which employ our work
Keller was appointed Receiver ers an(j produce our national
for the purpose of conserving income
the assets for the protection The „ext congress would be
of these policyholder.
During the life of this Re-
ceivership afinai r eport shows
that there was handled in
transactions more than one
and a half millions of dollars
of assets, which included
properties scattered through
out the State of Texas.
wise to pay more attention to
correction or repeal of ques
tionable laws than to passing
new ones. It could do the
country yeoman service by
eliminating such recovery
blocking enactments os the un
distributed profits tax and the
. .. . , capital gains lax, and by over-
At the time of the aDPoinf hauling the unfair> unWolka
ble Labor Relations Act—an
act which has perhaps done
more than any single piece
of legislation to create and
maintain industrial strife in
this country. The principal
kind of reform we need now is
, . . reform of a lot of crack pot
policyholders was averted, and leg|Siation paSsed during the
ment of Attorney Keller as
Receiver, it appeared that the
various policyholders in this
State would probably suffer
great losses, but under his
management and that cf
various Receivers in other
States, a possible loss for the
under the reinsurance ar-
rangement with the Postal
Union Life Insurance Company
the policyholders will receive
a 100% value for their policies
in the new company. The only
loss will be to the stock
holdeis, and this will be very
j small.
i The properties in Texas Will
I still be under the management
'of Attorney Keller, who will
handle them in conjunction
jwithhis law piactices from
his offices at 914 Republic,
Bank Building, Dallas.
last few years.
News Review.
Industrial
The weather has
warmer. We have
quite enough rain yet
turned
not had
but the
G. P. Neely Passeg
To Great Beyond
Mr. Gideon P. Neely, for
many years a resident of Car-
rollton, died at the home of
his daughter, Mrs. Ira Sanford,
Saturday night, Nov. 5, at 8.45
o’clock. Funeral services wero
held in the Methodist church
Sunday afternoon at 3.30
o’clock, Rev. N. W. Oliver con-
ducting the services. Inter-
ment was in Perry cemetery.
Rhoton’s morticians.
Mr. Neely was born in Can-
non county, Tennessee, Aug-
ust 27,1857, and was at death
aged 81 years, 2 months and 8
days. He came to Texas many
years ago and he and his fam-
ily have been residents of this
community for many, many
years. His wife preceeded
him in death about four years
ago. He is survived by two
daughters: Mrs. Ira Sanford
and Mrs. O. W. Fyke, both res-
idents of Carrollton communi-
ty ; there aie 10 grandchildren
and 9 great grandchildren.
Mi'. Neely was a member of the
Church of Clr.st.
McCormick Pharmacy
ICE WATER IS THE COLDEST
Phone No. 3 Carrollton, Texas
MnaMMMMmananaMHMi
Don’t Marry
The Bogs’ Daughter
Times have changed since
Prof. Robert Rogers, of Massa-
chusetts Institute of Techno-
logy, made his now classic
statement to “be a snob and
marry the boss’ daughter.”
Marry the boss’ secretary
and not his daughter, is the
latest advice of the college
professors. Prof. R. Gale
Noyes, of the department of
English at Brown University,
gave that advise to one of his
classes the other day. He
explained :
“The Government is getting
all the boss’ money, so he’ll
never give it to his daughter.
The secretary, however, has a
job.”
The home town newspaper helps
Carrollton. Do you help make it pok-
real cold weather has vanished, ton? l° haVe 3 neWSpaper in
A town without a newspaper
would be like a one-legged man in
a foot race. Do you subscribe for the
Chronicle and pay your subscrip-
tion? Do you help your town that
much?
The Chonlcle is interested in Car-
rollton and her advancement. Is
there any other paper interested in
Carrollton and that pays taxes to
help support its schools? Does any
portion of the money yon spend with
other newspapers or printing offioes
find its way here to support the
town, the schools or the churehes?
Smith: “The Chronicle is certain-
ly some live paper, and an asset to
Carrollton.”
Jones: “Oh, Yeah! You’re tellia’
ME! Don’t I know it And don’t I
pay my subscription regularly? A
newspaper has to have a paying bus-
iness to he a real help to a commun-
ity. What are you DOING for itf”
CLEAN
REST ROOMS
GREET YOU AT
MARATHON
STATIONS
Constant inspection keeps them spic
and span, sanitary and equipped
with all necessary conveniences.
For personal comfort, as well as
dependable products and services,
stop at the MARATHON sign.
MARATHON
GASOLINE A MOTOR OILS
■V
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Martin, W. L. The Carrollton Chronicle (Carrollton, Tex.), Vol. 35, No. 1, Ed. 1 Friday, November 11, 1938, newspaper, November 11, 1938; (https://texashistory.unt.edu/ark:/67531/metapth728894/m1/5/?q=%22~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Carrollton Public Library.