The Lampasas Daily Leader (Lampasas, Tex.), Vol. 32, No. 68, Ed. 1 Friday, May 24, 1935 Page: 4 of 4
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The Lampasas Daily Leader
J. H. ABNEY & SON
Herbert J. Abney, Publisher
Entered at the postoffice at Lampasas
March 7, 1904, as second-class mail.
THE LAMPASAS DAILY LEADER
SUBSCRIPTION RATES:
(Payable in Advance)
One month ...................................$ .40
Three months ....................._...$1.00
One year______________________________________$4.00
GROWTH OF FEDERAL SAY-
INGS AND LOAN ASSOCIATION
A nation-wide picture of increased
home-financing activity by recently
chartered Federal Savings and Loan
Associations is given in a compara-
tive statement, issued by the Fed-
eral Home Loan Bank Board at
Washington and supplemented by an
announcement reflecting the progress
of Federal Savigs and Loan Asso-
ciation in Lampasas, Texas. The re-
port contrasts April with March op-
erations for 400 new and 172 con-
verted, former state-chartered, Fed-
eral Savings and Loan Associations
for which comparative figures are
available.
During April the 172 converted, old-
established associations, whose ag-
gregate paid-in subscriptions amount
to $118,000,000, loaned a total of
$398,520 for new home construction,
an increase of 35.4% over the pre-
vious month. Loans for repairs and
modernization and for the purchase
of existing homes amounted to $845,-
803, showing a gain of 11% for the
month.
The 400 newly organized Federal
Savings and Loan Associations, most
of which are still comparatively
small, reported an April total of $3,-
028,544 in new home loans made for
all purposes, a gain of over 7% com-
paired with Marche ) During the
month, paid-in subscriptions to their
shares by the public amounted to
$312,00, an increase j of 3% over
March.
In accordance with the law per-
mitting U. S. Treasury subscription
to shares in federally chartered as-
sociations for the purpose of increas-
ing the local supply of home financ-
ing funds, during April the govern-
ment invested $2,427,100 in these new
and converted institutions.
As evidence of investor confidence
and the improved financial position
of institutions after conversion to
Federal supervision, the report shows
a decrease of 16.8% for the month
in the total of repurchases, by such
associations, of shares of investors
who desired to obtain cash. During
April there was a reduction of 5.3%
in the outstanding total of borrow-
ings of these associations, other than
the normal advances from the Fed-
eral Home Loan Bank System of
which they are members.
Federal Savings and Loan Asso-
ciations chartered to date include
252 formerly state-supervised build-
ing and loan associations and 538 new
institutions in 42 states, with total
resources of $265,720,505. Many of
the new Federals serve areas in which
formerly there were no institutions
of the thrift and home financing type.
Every Federal Savings and Loan
Association is required to apply for
insurance of its investor accounts
through the Federal Savings and Loan
Insurance Corporation, a $100,000,-
000 agency of the government set up
in 1934 to provide protection for in-
vestors in eligible home-lending in-
stitutions. Each share account in an
insured association is protected
against loss up to $5,000. To date,
the savings of more than 510,000 in-
vestors in 773 institutions, having to-
tal resources of $327,710,079, are so
insured.
$5,000 RED CROSS
FUND FOR TEXAS
AUSTIN, May 23.—The National
Red Cross announced today it had ap-
propriated an additional $5,000 to care
for sufferers in recent Texas storms
and floods. Five thousand dollars
previously had been allotted.
Howard Bonham of St. Louis, di-
rector of public information for the
National Red Cross, reported to Gov-
ernor Allred on the relief situation.
A statement from the governor was
expected tomorrow.
Bonham said calls for assistance
were continuing, and more than 100
Red Cross chapters in Texas were
engaged in raising $3,000 for relief
work.
Most of the money has been alotted
to sections in East Central Texas
devastated by storms.
For Job Printing—The Leader I
Austin Mutual Life Ins. Co.
Gives You Real Protection
at Low Cost.
Any information desired, see or phone
S. D. JONES, Agt.
Keyatona Hotel
Bara! 1SI 8. W. S78
RADIO AMPLIFIER WILL CARRY
j VOICE MORE THAN A MILE
WASHINGTON, May 23.—A sec-
retly-developed navy radio amplifier,
capable of conveying a person’s talk-
ing voice more than a mile, is to be
made available for use by President
Roosevelt in addressing huge crowds
in the open air.
Its details carefully hidden by the
navy, the device was worked out for
use in directing airplane landings
aboard aircraft carriers and for quick
conveyance of messages to craft and
persons not equipped with special
radio apparatus. It has been in use
several months.
Lack of adequate loud-speaker fa-
cilities for the president’s recent ad-
dress to thousands of farmers gath-
ered on the White House lawn were
reported to have prompted Stephen
Early, public relations secretary, to
ask Capt. Wilson Brown, naval aid,
if the navy did not have a better
apparatus.
It was found naval department en-
gineers were constructing a new out-
fit and instructions were given for its
completion for presidential use. Its
cost is comparatively small, estimat-
ed to be only a few hundred dollars.
The apparatus, developed jointly by
naval and American Telephone &
Telegraph Company engineers, was
said Thursday by Communication
commission engineers to be of im-
mense value in safety at sea promo-
tion, rescue work, in directing vast
crowds and in preventing collisions of
ships in fogbound seas and harbors.
For Want Ad Results—The Leader
FLY AND MOSQUITO MENACE
After the recent rain you will find
old cans, tubs and other containers
holding water, breeding mosquitoes,
these conditions are a menace to
yourself and neighbors. Every resi-
dent is requested to make an imme-
diate survey of their premises, and
dispose of these breeding places by
pouring out the water or putting in
sufficient oil to kill and stop the
breeding of mosquitoes.
The piling of trash and rubbish in
and around your premises is unsight-
ly and unsanitary; creating breeding
places for flies 'and must not be per-
mitted. Cow lots must be kept clean
and all refuse hauled out of the city.
Place containers for cans and other
trash in your alley to be hauled off
by the City wagon. Weeds, grass
and dirt must be hauled off at the
resident’s expense. Garbage must be
put in metal containers with a tight
fitting lid and arrangements made by
the resident for some garbage car-
rier to dispose of it at regular inter-
vals.
We are asking for the coopera-
tion of the entire citizenry in carry-
ing out these sanitary measures.
We are also asking the Chamber of
Commerce, the Lions Club, the Boy
Scouts, the Girl Scouts and ladies’
organizations of the City to direct an
organized effort in a general Clean-
up Campaign- in both business and
resident sections under the leader-
ship of the Lions Club.
Our attention is called to trash be-
ing dumped inside the City limits,
this is unlawful and will not be per-
mitted. Trash must be hauled to the
City dump grounds.
R. J. Paine, Mayor.
Daily Leader 3 Months for $1.00
Thompson’s Malted
Milk & Shaker, both..
59c
Antiseptine Mouth
Wash and Tooth
Brush, both ................
Moth Balls,
1 pound ........................
49c
15c
Get Your Crazy Water
Crystals at Wilson’s
Wilson Drug Co.
The Drug Store with
Personal Service
PHONE us
When you think of something to eat, think of us. We
handle everything in the grocery line and always have a
nice assortment of everything the market affords in fresh
vegetables and fruits. We solicit and will appreciate your
orders at all times.
Saturday we will have Hens, Fryers, Picnic Hams
and Regular Hams.
We have eleven different kinds of bread and a new one
in Danish Pastry Breakfast Rolls—try it.
WHIPPING CREAM
Millican Produce Co.
E. B. MILLICAN, Owner -f
“The Friendly Store”
NATION-WIDE STRIKE
THREATENED FOR NRA
OIL PROBE SOON BY
HOUSE BODY
NEW YORK, May 23.—A nation-
wide general strike was threatened
tonight by William Green, president
of the American federation of labor,
unless congress extends the NRA for
two years and passes the Wagner
labor disputes bill and the Black-
Connery 30-hour a week bill.
Addressing nearly 50,000 members
of the federation, gathered inside and
outside Madison Square Garden in a
mass demonstration, Green also
threatened political retaliation against
members of congress.
“We will refuse to work and will
mobilize our entire economic strength
until we get our rights,” he said as
the vast crowd roared its approval.
“That is 'no idle statement. I
mean just what I say. Furthermore,
the workers can mobilize our politi-
cal strength and order those men
who deny us to stay at home when
they stand for re-election.”
Green appealed to labor to follow
the leadership of President Roosevelt
and struck at the recent statement
of former President Hoover demand-
ing a speedy death for the national
recovery act.
A storm of jeers arose when Green
mentioned former President Hoover,
saying he was “a voice out of the
great silence with no authority t-o
speak for the people.”
“Our liberal senators,” shouted
Green, “can either follow this dis-
credited leader and defeat the aims
of labor, or stand with our progres-
sive president and the houses of
labor.
The orderly but enthusiastic audi-
ence which packed the auditorium
was in sharp contrast to the howling
thousands who last night heard the
Rev. Charles E. Coughlin there.
They passed unanimously two res-
olutions to congress demanding the
two year extension of the NRA and
the enactment of the Wagner labor
disputes bill. Senator Robert F.
Wagner, author of the bill, was
highly praised as a friend of labor
by Green.
NEGRO PAROLED FOR
GOVERNMENT AID IN
BAILEY JAIL ESCAPE
AUSTIN, May 23.—J. B. Brown,
negro trusty in the Dallas jail, today
received a general parole from Gov-
ernor Allred for his ^ervices to the
government in the escape of Harvey
Bailey, one of the kidnapers of
ClhaHes IV Urschel, Oklahoma >oil
man.
Robert L. Hurt, Dallas County dis-
trict attorney, and Sheriff R. A.
Schmid recommended clemency.
“I know from my own experience
that he rendered very valuable as-
sistance to the government at the
time of the escape of Harvey Bailey
from the Dallas County jail,” Hurt
wrote the governor.
Pick out a Radio by color—now
on display at the Lampasas Furni-
ture Company. (d68)
<*
general health,
ir shoe in good re-
;’s cheaper in the
to have your shoes
to John Kirschyink)
AUSTIN, May 23.—Investigation
of reports of illegal production, re-
fining and marketing of crude petrol-
eum and its products will be stai’ted
next week in the East Texas field, a
special committee of the house of
representatives decided today after
organization.
No date was set to open the hear-
ing, but Representative Augustine
Celaya. of Brownsville, chairman, said
it would be about the middle of the
week at Longview.
The committee was charged with
inquiry into reports that thousands
of barrels of oil were being pro-
duced illegally in East Texas and
into “insinuations and charges against
the integrity and conduct of various
elected state officials.”
Organization sessions were behind
locked doors and drawn shades. Rep-
resentative Hugh B. Steward of Fair-
field was elected vice chairman.
Celaya said the committee would
proceed until its $1,000 expense ac-
count was exhausted and then decide
on obtaining additional funds, if it
deemed continuation material. Nu-
merous voluntary offers of funds
have been received, the committee
reported.
Olin Culberson, in charge of oil
production and transportation reports
for the railroad commission was a
voluntary witness. He explained the
system of reporting production and
runs and advised that conditions in
East Texas were greatly improved.
J. D. Copeland, deputy supervisor
in charge of exceptions to the com-
mission’s general drilling rules, also
testified voluntarily.
COWBOY DIES IN HIGH WATER
SAN ANGELO, May 23.—James
Mellwe, 25, cowboy, was drowned to-
day when he jumped from his horse
while crossing the usually dry How-
ard Draw in Crockett county.
The heavy rain of last night had
turned the dry creek into a wide,
rushing stream. With another cow-
boy on the Joe Blakeney ranch, Mellwe
rode into the water, became frigh-
tened and jumped off his horse. He
did not come up.
The horse crossed safely. Mellwe’s
home is in O’Connell, Texas.
Cards of thanks, 5c per line each
insertion with a minimum charge of
25c. Obituaries, 5c per line each in-
sertion. Lodge and church resolu-
tions, 5c per line each insertion. All
church, lodge and notices for charit-
able institutions where admission fees
are charged or any money considera-
tion is involved, 5c per line each in-
sertion.
Coty New
Summer Merchandise
Dusting
Powder ..............
1.00
Coty
Talc......................
50c
Bath
Salts ....................
1.00
Face
Powder................
69c
Eau de Cologne
Parfumee ..........
1.50
MACKEY’S DRUGS
LION DRUG STORE
Plain and
Summer-y prints on
summer-y fabrics!
New French
Crepes
Some cape effects!
One-piece styles!
These are frocks for “going
places!” Soft, colorful flor-
als that’ll flatter you so
much! You’ll like the feel-
ing of the smooth, light-
weight crepes against your
skin — they’re fresh and
cool as a breeze! Necklines
are the soft draped type!
Sleeves short, cape or cap!
Sizes 14 to 44! > '
J. C. PENNEY CO.
DEATH BALKS WEDDING
CEREMONY TWO MINUTES
BEFORE PASTOR ARRIVES
_ j
LOS ANGELES, Cal., May 23.—
Dtani balked a wedding ceremony
Thursday two minutes before the min-
ister arrived.
W. D. Corcoran, 46, and Miss Leona
Hubbard, 46, engaged four years,
postponed- their marriage several |
times. Last Friday they planned to
apply Jfor a (marriage (license but
Corcoran became critically ill.
Earl Thursday doctors told Miss
Hubbard her fiance was dying?* She j
learned that, because of the unusual I
circumstances, the wedding ceremony !
could be performed and the license j
issued later.
The Rev. Thomas Marshall was
1 summoned. Learning both parties had
been divorceed, Dr. Marshall, an Epis-
copal minister, told Miss Hubbard
the laws of his church prohibited his
performing the ceremony.
Almost frantic, Miss Hubbard tele-
phoned for the Rev. W. T. Williland,
pastor of the Echo Park Methodist
! Church. Two minutes before he ar-
rived Corcoran died of pneumonia.
Copy furnished to the printer
■ should be written only on one side of
I the paper, otherwise a part of it is
; likely to be overlooked. PLEASE re-
member this.
Insured Investment!
PAYING 51 DIVIDEND!
That is something unusual, and non-taxable except in
the higher brackets of Federal assessments.
Your patriotism does not have to be appealed to on an
investment like this; your good judgment and sound reason-
ing approves this high class investment offered by the
Lampasas Federal Savings and Loan Association. Postal
Savings and Government Bond Investments are offering low
rates now.
Money invested in the Federal Savings and Loan Asso-
ciation stays at home and helps your friend and neighbor
own his home.
Each investor’s share account is insured up to $5000 by
the Federal Savings and Loan Insurance Corporation, Wash-
ington, D. C.
The Lampasas Federal Savings and Loan Association has
available at this time for good loans on homes or combina-
tion of homes and business property $40,000. This money
is available for improving your property, building new
homes or refinancing your present lien with additional loan
for improving. Our loans are repayable at the rate of $12.00
per $1000 per month; at this rate both principal and interest
will be repaid in 116 months, our prevailing interest rate
being per cent.
For Further Information as to loan or Investment See
R. J. PAINE, Secretary-Treasurer
Lampasas Federal Savings and
Loan Association
LAMPASAS, TEXAS
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The Lampasas Daily Leader (Lampasas, Tex.), Vol. 32, No. 68, Ed. 1 Friday, May 24, 1935, newspaper, May 24, 1935; Lampasas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth898079/m1/4/: accessed June 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Lampasas Public Library.