Timpson Daily Times (Timpson, Tex.), Vol. 49, No. 61, Ed. 1 Monday, March 26, 1934 Page: 1 of 4
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Timpson Daily Times
VOLUME 49
TIMPSON, TEXAS, MONDAY, MARCH 29. 1934
NO. 61
MHI BURNED TB DE1TM
WHEN FI mS
FMHEIUITELITTEIUM
One man was burned to
death and several others had
a narrow escape when fixe de-
stroyed a two-story frame hotel
at Tenaha, about 4 o'clock
Sunday morning.
Emmett Roberta, 35, a resi-
dent of the Tenaha communi-
ty, died in the blaze and his
charred remains were found
after the building had burned
to the ground. Roberta was
believed to have been asleep
when the fire started, the
blase spreading so rapidly
that efforts on the part of
friends to reach hia room were
unsuccessful. Funeral services
for him were held at Old Ten-
nessee church Sunday after-
noon. . .
The building was owned by
Mr*. John Teel, and she, with
several other occupants, fled
from the burning building as
the flames spread rapidly
throughout the structure.
PfiESlOEHT ROOSEMT
IHD FI* TRIP TM
Arrangements were com-
pleted Sunday night by Presi-
dent Roosevelt for hia fishing
cruise in Southern waters, press
reports from Washington state.
He will go by train Tuesday
night to Jacksonville, Florida,
where he will board Vincent
A stops yacht for the week s
vacation and fishing trip.
CHAMBER OF COMMERCE
WILL MEET TONIGHT
The regular meeting of the
Chamber of Commerce will be
held tonight at 7:30 o’clock
unbers a
„» .___ o’clock
PRESIDENT'S CREDIT
PROGRAM TO SHE
SHIMMIES
Washington, March. 24.—
The Credit Banks for Industry,
to be chartered by Federal
Reserve Banks under the terms
of pending legislation request-
ed by President Roosevelt,
would supply about |700,000,-
000 in working capital to small
and medium-sized firms and
corporations In all of the 12
Federal Reserve Districts. They
would continue 346,000 per-
sons in employment tnd sup-
ply new jobs at about 378,000
additional men and women.
These figures, given in the
President’s letter to the chair-
men of the Senate and House
Committees on Banking and
Currency, were obtained in a
Nation-wide survey of 4,958
banks and 1,066 chambers of
commerce, conducted by the
Federal Reserve Board, the
Treasury Department, and the
Reconstruction Finance Corpo-
ration. * The survey covered
three points: (1) Probable
amount of working capital re-
quired now by smaller indus-
tries; (2) number of employees
who would be retained if
working capital is afforded;
and (3) number of new em-
ployees that can be taken on
through such supply of work-
ing capital.
The President’s plan calls
for what is known as interme-
diate credit, limited to loans of
not less than 1 year nor more
than 5 years. Under Amen-
can banking practice, loans of
less than 1 year belong in the
field of commercial banking;
those of more than 6 years
are “long term” and usually
have been provided through
investment bankers. The agri-
cultural intermediate credit
banks take care of such loans
for farmers, but there are no
institutions in the United
States organized for meeting
the needs of intermediate
credit in the industrial field.
For which reason, and espe-
cially as no new organization
financed by the Government is
needed, the Credit Banks for
93.320.11
2,726.77
266.36
UJ11 in I -r:i.ii:ta«i9e«bec*g
No. 495
Cotton Belt State Bank Statement
OFFICIAL STATEMENT OF FINANCIAL CONDITION
of the Cotton' Belt State Bank, at Timpson, State of
newspaper printed and published at Timpson, State of
Texas on the 24th day of January, 1934.
RESOURCES
Loans and discounts, on persona)
or collateral security.............•••••* 99,526.99
- Loans secured by real estate.............. 22’60^'??
Overdrafts ............................ 4-44
Bonds, stocks and other securities......... 2,438.88
Customers’ Bonds held for safekeeping..... 20,750.00
Banking House ........................
Real Estate owned, other than banking house 6,581.00
Furniture and Fixtures..................
Cash fa bank................ J’iiS??
Due from approved reeerve agents......
Cotton Bills of Exchange.............
live Stock .........................
TOTAL.......................5274,$11.67
liabilities
Capital Stock..........................6 ?2’«n'ftn
Surplus Fund.......................... , SIS ,2
Undivided Profits, net........ L260.29
Individual Deposits subject to check....... 171,622.18
Customers’ Bonds deposited for safekeeping. 20,750.00
Other Liabilities........................ 2,tt 1.00
Reserved for U. S. Check Tax...;..........8 20
TOTAL.......................$274,911.67
STATE OF TEXAS,
County of Shelby.
We, Stroud Kelley, as President, and J. C.
Black, as Cashier of said bank, each of us, do solemnly
swear that the above atatement is true to the best of our
knowledge and belief.
Stroud Kelley, President.
J. C. Black, Cashier.
Subscribed and sworn to before me this 24th day of
March, A. D. 1934.
W. J. Walker, Notary Public, Shelby County, Texas.
CORRECT—ATTEST: . ^
J, E. Blankenship, A. F. Bums, G. C. McDavid,
Directors.
-=--------
......... ""
Starting His Masterpiece "
33 mo
OVaJOM.M,
“ISP
Ooco Uiex, Jay!
1EEPT MANY FARMERS FRBM
SPENDING m MONEY
FOR FOOD MO FEED
tive, but constructive and
auxiliary to the country's reg-
ular banking system.
The bills authorize the Fed-
eral Reserve Board to issue
charters for the establishment
in each Federal Reserve Dis-
trict of a Credit Bank for In-
dustry, empowered to operate
branch offices. Machinery of
the Federal Reserve System
would be utilized. Directors
would be chosen in accordance
with regulations of the Re-
serve Board, but a majority
m ist be actively engaged in
industrial pursuits in each of
the 12 districts.
COMPLETE 1EP00T ON
COTTON GINNING FOR
EAST TEXAS COBNTIES
Final figures on the Texas
ginning: for 1932-33 issued by
the Department of Agricul-
ture, show that Ellis county
again to 'k the lead in Texas
with 91,768 bales. Hill county
was second with 88,620 bales.
A number of other Texas
counties passed the 50,000
Following is the record of a
number of East Texas coun-
ted •
County 1933
Anderson —.....18,899
Angeling............... 7.821
Cass ....................21,892
Cherokee ---------22,831
Gregg ........— 5,318
Houston ....... 30,739
Kaufman ............50,434
Nacogdoches .18,096
Panola ................ 9,918
Rusk ............- ...15,606
San Augustine 6,854
Shelby...........- 13,740
Smith ______________26,397
Trinity -------------- 6,786
Tyler................... 2,920
Van Zandt ... 26,609 —,—
The total for the state was
4,220,096, as compared with
4,807,382 for the previous sea-
son.
peas, or a total of 25 acres for
the average farm.
1932
16,526
9,096
25,378
16,463
3.737
33,190
54,437
20,713
14,997
18,894
9,770
21,625
21,850
7,559
3,215
29,705
GORDON AND REVEL
WRITE NEW SONGS
Mack Gordon and Harry
Revel have written ten new hit
songs for Paramount’s “Sitting
Pretty” now playing at the
Palace Theatre, with Jack
Oakle, Jack Haley and Ginger
Rogers heading the featured
cast.
The songs include “Did You'
Ever See a Dream Walking?’’,
“Many Moons Ago,” “You’re
Such a Comfort to Me,” “Good
Morning, Glory” and “I Wanna
Meander with Miranda.”
College Station.—One rea-
n the Agricultural 'Adjust-
ment activities have brought
so much prosperity to Texas is
because the well developed
living-at-home program freed
a majority of farmers from the
necessity of spending cotton
money for food, it is pointed
out by O. B. Martin of the Tex-
as A. and M. College Exten-
sion Service. Direct cash bene-
fits and increased cotton in-
come went for the most part
into debt retirement and new
buying, he declares.
A systematic plan for pro-
ducing a complete food supply
for a family of five for a year
was used in whole or fa part on
many Texas farms last year
under the name “Filling the
Farm Storehouse Demonstra-
tion.” It was promoted by
county farm and home demon-
stration agents to show how 25
acres of average Texas land,
about $200 worth of livestock,
and the ordinary work stock,
farm implements, fences and
buildings could be used to
produce the 5600 worth of
food annually required for
the proper nourishment of a
family of five.
According to Mr. Martin,
this demonstration will be
pushed again in Texas this
year by the Extenaion Service.
The plan is described in a
leaflet, C-98, available from
county farm and home demon-
stration agents. He also calls
attention to the fact that fam-
ilies which have fa the past not
devoted enough land to pro-
ducing for the family needs,
may take enough contracted1
cotton or wheat acres to make
up the difference, farmers be-
ing allowed the use of rented
acres for living-at-home pur-
poses.
This living-at-home demon-
stration calls for 2 meat hogs,
a flock of 50 hens, one beef
animal, 4 milk cows, and if
desired a few sheep. Under
average conditions 6 acres
would be devoted to sudan
grass pasture in summer and
small grain pasture in fall and
winter; 12 acres in com or
grain sorghums or other grain
crops; 4 acres in hav and en-
silage crops; one-half acre fa
warden; one-half acre in orch-
DEATH CLAIMS MAYOR
FOSTER OF LIIFIIIII
W. A. Foster, 56, mayor of
Lufkin, died of a heart attack
Sunday afternoon, and bnrial
will be at Hilcrest this after-
noon under the auspices of
the Masonic lodge.
Mr. Foster was serving his
second term as mayor and was
a leader in the growth and
development of his town.
IMinENHRE'
AMTtCiPATEO AT AtMUAL
BE0MHJID1HEETK
me Jones, Quirauo of the
R. F. C. WUI Be Fsfariipal
Speaker at 1
sag East Ta
Texarkana, March 26.—Not
less than 5,000 and possibly as
many as 10,000 people will at-
tend the annual convention of
the East Texas Chamber of
Commerce to be held la Tex-
arkana, April 22-23-24- This
is indicated by reports coming
from all over East Texas to
the general convention com-
mittee.
McKinney, Paris. Tyler,
Longview, and Huntsville,
which among others have al-
ready pledged the sale of their
convention registration quotas
indicate the widespread Inter-
est in attending the regional
chamber’s Recovery Conven-
tion. East Texans are show-
ing a keen interest fa hearing
their own Jesse Jones, chair-
man of the R. F. CL, who will
be the principal speaker at
this, the eight annual meeting
of the East Texas chamber.
Members of the regional
chamber's staff are holding
now a series of meetings fa
the principal East Texas cities
and towns to acquaint mem-
bers and others with conven-
tion features end work out
plans for handling local dele-
gations. Such convention fea-
tures as the A Capeila Singers
of Dallas, the Baylor Univer-
sity Quadruplets, the Serenata,
Street Carnival, Queen s Ball,
and Oscar Johnsonof St- Louis
for the AB SewLe Cfabs
Luncheon have met with a
hearty reception fa all meet-
ings held so far. ...
A beautiful cedar chest has
been offered by E. Lee Tucker,
Texarkana manufacturer, as a
prize to the county councillor
of the regional chamber
whose county subscribes the
largest percentage of its con-
vention registrations quota.
I
I
No. 641
Guaranty Bond State Bank-------
OFFICIAL STATEMENT OF FINANCIAL CONDITION
of the Guaranty Bond Stale Bank, at Timpson, Sate of
Texas, at the cloee of business oa the 5th day of
March, 1933, pnblished fa the Timpson Tunes, a
newspaper printed and published at Timpson, State of
Texas, on the 23rd day of March, 1934.
RESOURCES
Loans and discounts, oa personal or collateral
security............................$ 60.843.20
Loans secured by real estate.......... • • • 15>®2?'?2
Overdrafts .................... • • • ----- 680.55
Securities of U. S., any State or political
subdivision thereof...........* ...... 18»768.68
Other bonds and stocks owned............
Customers’ bonds held for safekeeping..... 3M00-96
w.T.1ring House ..........-............. 1*,500.00
Beal Estate owned, other than banking house 21,936.25
Furniture and Fixtures................... 4.800.09
Cash in bank............. 15,697.67
Due from approved reserve agents........ 75,500.64
Other Resources ........................ 72.00
TOTAL.......................5258,997.99
LIABILITIES
Capital Stock.......,..................•
Surplus Fund.......................... 7,749.«8
Individual Deposits sabject to check,
including time deposits due in 30 days... 146,829.69
Customers’ Bonds deposited for safekeeping. 31,400.00
Other Liabilities....................... L®8*-88
Debentures............-............... 2S-°™'2?
U. S. Check Tax..................... • • 60 24
TOTAL.......................5258,997.99
STATE OF TEXAS,
County of Shelby. _ „ T
We, G. E. Hairston, as Vice President, and B. J.
Hawthorn, as Cashier of said bank, each of us do solemn-
ly swear that the above statement is true to the best of ;
our knowledge and belief. .. .
G. E. Hairston, Vice President.
B. J. Hawthorn, Cashier.
Subscribed and sworn to before me this 23rd day of
March, A. D. 1934.
T. J. Malloy, Notary Public, Shelby County, Texas.
CORRECT—ATTEST: „ _ . _
J. D. Hairston, A. N. Summers, S. H. Hebert,
Directors.
•‘3
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Molloy, T. J. Timpson Daily Times (Timpson, Tex.), Vol. 49, No. 61, Ed. 1 Monday, March 26, 1934, newspaper, March 26, 1934; (https://texashistory.unt.edu/ark:/67531/metapth768098/m1/1/: accessed July 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Timpson Public Library.