The Fairfield Recorder (Fairfield, Tex.), Vol. 50, No. 37, Ed. 1 Friday, June 18, 1926 Page: 3 of 8
eight pages : ill. ; page 22 x 16 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
REPORT t OF SECRETARY FAIRFIELD ..INDEPENDENT
SCHOOL DISTRICT FOR 1925-1926 SCHOOL YEAR
Balances On Hand At Beginning Of School
Balance in {Sinking Fnnd............................................$
Balance in Local Fund ...............................................
Balance in State Available Fund................................
Balance in Free Text Book Fund................................
Received from Tax Collector
1924 Delinquent Taxes (Local Fund) ....................$
1924 Delinquent Taxes (Sink. Fund) ........................
Sinking Fund, 1925 Taxes .......................................
Local Fund, 1925 Taxes ............................................
Received from Tuition 1925-26 School Term ..........
Received from Free Text Book Fund ........................
Received from State ($12.00 per capito, 313 Schol.
Received from Co. Supt(., for transfers in Dist.........
99.94
33.67
.71
•36
3.07
1.83
1.279.57
3.801.57
596.76
43.83
3,756.00
409.02
Total Receipts From All Sources To Date .....!........$10,026.25
To be received from State ($2.00 per capita)............ 626.00
Total amount available for School Year ..................$10,652.25
Disbursements
Teacher’s salaries for 1925-1926 school term
White School ............................................................$ 6,258.75
Negro School ............................................................ 1,050.00
Paid to State interest on three bonds ........................ 46.88
Paid to Freestone Co., prin. on 3 bonds, and int. on all
bonds ................................................................... 1,265.62
To W. H. Mcllveen, assessing taxes, 1925, ............ 40.00
To Tax Collector, com. on taxes collected .............. 160.00
Paid for janitor service, white school ........................ 215.00
Interest to Bank, on over draft, 1924 Term ............ 8.03
Drayage on books , equipment and supplies (Bills on
File) .......................... 17.05
W. H. Collins, 20 cords wood at $3.50 .................... 70.00
S. V. Ivy, 5 cords wood at $4.00, ............................ 20.00
Bill Noland, 4 cords wood (for negro school at $4.00 16.00
To M. M. Wood, for taking census ........................ 11.76
To Baggett Lbr. Co., material Negro school bldg. 137.70
To Bill Noland, labor on negro school bldg............. 64.25
Tex. School Equipment Co., (desks negro school) 173.48
To J. G. Anderson, fire and tornado ins., ............ 267.50
To J. T. Cullison, repairs on window sch'ool bldg. 1.50
To R. B. Moore, labor repairing school-building...... 6.00
To E. H. Newman, 1 gal. disinfectant (old acct.) .. 1.50
To repairs on pump and fountain (bill on file)........ 17.31
To J. M. Willard, repairs on pump ........................ 9.15
To C. A. Bryant, school supplies, act. on file............ 12.45
To Palestine Printing Co., printed report cards........ 5.00
To Fairfield Recorder, adv. del. taxes 1924.............. 20.40
To Dixie Disenfecting Co., chemicals ...................... 64.50
To McLendon Hardware Co., Waco, new pump...... 19.95
To cash, locks for school building.................,.............. 4.50
To Sanitary Gro. Co., brooms, oil, etc., (act. on file) 24.50
To Selig Co., chemicals and floor sweep .................. 24.00
To G. L. Loud, labor at Negro school building.......... 1.40
To Fairfield State Bank, int. on old notes................ 5.89
To Co. Supt. for transfers out of District.................. 234.75
To Fairfield State Bank, int. on available fund, O.D. 16-.65
To Telephone Co., installing & removing telephone 2.50
$10,026.25
$
Attest:
Approved:
(Seal)
MOREHOUSE GIVES PLAN TO PROTECT
PEOPLE FROM WHD-CIT PROMOTERS
American Bankers Association Official Who Has Exposed
Fraudulent Schemes for Robbing Savers Draws
Up Set of Rules to Foil Crooks.
By W. ft. MOREHOUSE,
Public Relatione Commiaaion. American Bankera Association.
.,$10,294.02
Grand Total Disbursements ..........
Recapitulation
Total funds collected from all sources.
•Balance to be received from State Aid-
Total collected and available ................ $10,652.25
Total paid out ..........................................$10,294.02
Balance ..................................................... $ 358.23
Distributed as follows:
Local Fund .............................................$ 299.93
Sinking Fund .......................................... 18.89
Text Book Fund ........................................ 39.41
Service and Satisfaction!
Years of experience in Cleaning, Pressing
and Altering enables me to please you
with the best skill and workmanship.
Satisfaction Guaranteed
Clothes Called For And Delivered
Jake The Tailor
Phone 18$ Fairfield, Texat
'5 -BOK’-xafr- MS .-V. * • rani /..mm*-
626.00
$ 358.23 $ 358.23
I certify the above and foregoing account to be true and
correct. This the 7th day of June, A. D. 1926. r*—'
P. O. FRENCH,
Sec. Fairfield Ind. School District Board of Trustees.
The above account and report examined and found correct
and approved.
Approved: W. A. PARKER,
President Board of Trustees.
article NO. IV
'T'HE solution to the great problem of protecting savings
JL depositors from losing their money in fraudulent schemes
is largely in the hands ef our bankers. If they will co-operate
with those who save they can make it hard for
these plunderers to continue business. Hasten
the day when our* bankers without exception will
gladly welcome interviews with depositors who
contemplate making investments, will urge an
investigation or recommend in the stead of little-
known securities investments of unquestioned
responsibility. In every case where customers
call at the bank excited and nervous over some
scheme where by investing a few hundred dollars
they expect to make thousands any banker will
at once sense the situation.
The banker knows that the depositor is being
w. R. monihuh rushed off his feet, with "Hurry, hurry and
get in on the big clean-up 1” and it remains for the banker to
caution the depositor against such tactics. In order to prevent
this all that our bankers have to do is to suggest that their cus-
tomers make It s rule always to brings
high-pressure salesmen to the bank to
be Interrogated regarding their pro-
notions. This will break up sales
nine times out of ten, for hlgh-pres-
snre salesmen Invariably avoid being
questioned too cloeely by bankers
who know investments.
Rules to Follow
Our bankers should urge this In-
vestment slogan: "Investigate before
you Invest. Consult your banker first,”
and So Indelibly Impress It on tbe
minds of their depositors that thqy
will always be guided by their bank-
er's advice In making Investments.
Salient points which should be kept
before the investing depositor are:
(1) There are three cardinal points
to all good Investments, namely safety
of principal, certainty of Income and
salability.
(2) Safety of principal is more im-
portant than a high yield; the promise
of 'big returns Is usually a sign of a
risky speculation.
(3) It Is like taking a leap in the
dark to Invest In promotions which
are an' unknown quantity and for this
reason a thorough Investigation
should always be made.
(4) It Is morally wrong, If not
criminally so, for any person to Invest
in any proposition he feels Is a skin-
game, or which is tainted by trickery
or fraud or opens tbe way for a fav-
ored few to "get In on the ground
door,” clean np and get out from under
before the scheme collapses. Usually
the depositor finds he Is not In on
the ground floor, there Is no chance
for him to clean up before the scheme
eollapsea and so he loses all that he
has invested.
(6) If a promotion Is as good as
claimed, It would not be necessary for
high-pressure salesmen to resort to all
sorts of questionable methods, it
would not be necessary to rush a vic-
tim off his fset and sign him up before
he could Interview his banker,.but be
could be given time to consult others
before Investing.
(•) The only reason high-pressure
pirates go to those who are Inexperi-
enced In finance for funds is because
they can palm off on them so-called In-
vestments which In the eyes of men of
experience are valueless.
(7) The glib-talking promoter Is
not a true friend of the savings de-
positor but Is a wolf in sheep's cloth-
ing, he will resort to any kind of
trickery to exchange a certificate of
stock for the depositor’s cash, his glit-
tering promises are fictitious and he
is planning how he can entrap his vic-
tims and relieve them of their savings
and not how be can make good divi-
dends for them.
(8) For every oil well that pays
dividends there are many dry holes
and abandoned drilling rigs, and for
every profitable mine there are many
abandoned shafts, and for every suc-
cessful promotion there are a thou-
sand (allures, and because of these
facts the savings depositor’s chance of
winning is too small to Justify the
great risk Involved
(9) Savers should steer clear of
stock, shares or units in world-revolu-
tionising Inventions which are peddled
in front of empty stores or sold from
house to house or through the mails.
(10) Every novice Investor should
remember that, as In all lines of busi-
ness, black sheep have Invaded the In-
vestment field. They must be shunned,
while investment firms and salesmen
of responsibility and Integrity should
be supported.
Let our banks unite In a movement
designed to protect the depositor
against the schemes of the wild-cat
promoter—In a movement that will
save our savings depositors from de-
spair and from poverty as a result o|
having lost all—In a movement that
will turn Into legitimate Investment
channels the millions of dollars which
axe now wasted on fraudulent scheme*
of one kind or another. The best
service a bank can render a novice in-
vestor is to keep him from making
poor Investments by helping him to
make good t lies.
Statement of Taxes Collected and Brought Up on the Delin-
quent Roll by W. F. Williamson, School Collector
Fairfield Ind. School 1925-26
Amount charged on tax roll ............................. ...........$5,434.00
Supplement tax collected .........................................*¥ 22.90
STRAIGHT TALKS
WITH AUNT EMMY
On How to Lose Your Inheritance
Total ......................................................................$5,456.90
Amount of taxes collected ............................................$5,070.35
Amount reported delinquent ...................................... 386.55
Total ..................................................,.................$5,456.90
I certify that the above is correct:
W. F. WILLIAMSON,
Tax Collector, Fairfield Ind. School.
P. O. FRENCH,
Sec. School Board.
W. A. PARKER,
Pres. School Board.
-It U so hard for me to rot along
oa what John left me,” complained
Mrs. Norris to Aunt Emmy. “Junior
wants to get a Job, but I always want-
ed him to go to college—”
"Yes, yet, I know,” Interrupted
Aunt Emmy, “but what about this
mining stock?”
“Pa -joining to that. You set I
thought 1 could Invest some of those
bonds John left, they yield such a
tiny income, in something that wohld
bring real money. I needed more
money, so when the telephone rang
that day and a man, ha had the
nicest voice, said he had been referred
to me by a friend and wanted to talk
over some gilt-edged Investments, I
told him to come right np.
“His name was Mr. Stanhope. He
was so nice. He told me all about the
big money people are making In plat-
inum mine*. Platinum Jewelry Is so
fasbtonabls now. He said be could
let me have some stock In a wonder-
ful mine, and that the company would
buy the etock back If I ever wanted
my money.”
“Hm you a statement signed by
ona of the officers of the mining com-
pany to the effect that the company
will repurchase you? stock V asked
Aunt Emmy-
“Why ne—”
••Well, you will have trouble get-
ting your money back. A company
cannot be compelled to buy Ita own
stock back."
“Oh, I don’t know. Anyhow, 1 got
out my bonds and ahowed them to
him—”
“What, you keep your bonds In the
house instead of at the bunk I” ex
claimed Aunt Emmy.
"Why, yea, bat In a box that lacka—
and Mr. Stanhope said that he was
surprised that a woman with the
good business Judgment I had should
be getting such a small Income as
those bonds paid— scarcely anything.
He said that I should make my money
work harder tor me. He knew I must
have good business Judgment, be said,
because I brought my children up so
beautifully. He offered to take the
bonds and change them for his stock."
“Oh, Lord!” exclaimed Aunt Emmy,
"did he give you a receipt?”
“Why, of course, he was the nicest
man. Bnt Junior said after he left
that he didn’t like him. He said ke
looked slick. Boys are so funny.
Well, I got the platinum stock but Mr.
Barnes at the bank says it’s no good.
He must be mistaken. But I want my
bonds back so I came to yon for help.
And you're always so lucky about your
tavestmenta.”
"Not lucky, Just sensible," corrected
Aunt Emmy. "Why, oh why, don’t
you consult your banker, who under-
stand! finance before yon risk your
money? This Is not your first loss.
Remember thst piece of land yon
bought that was under water t”
"That was different,” said Mrs. Nor-
ris blushing, “and anyway, Mr. Stan-
hope la honest, I can tell that.”
“If he were honest, he would not
have promised yon the things he
promised. Reputable houses don’t
send out representative* who make
promisee about repurchase of stock.
Why don't you 'phone your Mr. Stan-
hope?”
"I did, but he’s out of town. I’ve
written, too, but I sug%ose I shall
have to wait until ho gets back. It’s
beer several weeks now, so he should
be back soon.”
Just then the evening paper cam*.
Aunt Emmy glanced at It. then read It
attr-Mvely. Her expression grew se-
rious. She handed the paper to Mrs.
Norris. On the front page was an ac-
count of a financial scandal. Tbs
house that sold Mrs. Norris her min-
ing stock was Involved end the mea
who ran the business had been tndlct-
ad for fraud.—A. B. Aymtt.
Cupboard Preparedness
TRSMSl 11*1*11 Iflslr Ilil!ili|i|
p~ian iiS’iy 1 Pi^nuifiie'
T>
\
ItrHEN Old Mother Hubbard
YY went to the cupboard, what
a joy it would have been to
find, upon throwing open the doors,
that the shelves were well stocked
with a goodly assortment of foods,
neatly arranged—rows of boxes and
cans and jars and bottles—as well
as some bones and biscuit for the
poor dogl
The modern housewife, with her
supply-shelf of prepared foods, is
ready for any emergency. Neither
her family, her guests nor her pet
Pekingese will have to go hungry
on account of her temporary for-
getfulness or preoccupation with
other things.
Canned foods make the emer-
gency-shelf possible, because they
keep indefinitely. To stock up with
CASEY’S BARBER SHOP
Special Attention t o
Ladies Work. The La-
test Styles in Bobs.
Clean, Sanitary Shop and
Service.
fresh foods would mean consider-
able loss through spoilage. The
busy woman of today, with her
numerous outside activities, is han-
dicapped, indeed, if she does not
have a supply-shelf well stocked
with a varied assortment of pre-
pared foods.. And it has been proved
an economy as well as a wonderful
convenience.
More than two hundred different
food products now come in ready-
to-serve form. In addition to the
well-known soups, fish, meats, vege-
tables and fruits, many combination
dishes are to be bad, all prepared,
cooked and blended, in the conven-
ient can. Among these are chop
suey, goulash, cornbeef hash, Irish
stew, liver and bacon, meat loaf,
chicken a la king, beefsteak and
onions, and a variety of others
Barber Shop
F. L. Lynn, Proprietor
Special attention given to
Women's and Chil-
dren’s Work
Southwest Corner Square
The
Fairfield Tailor Shop
On West Side of Square
Cleaning—Pressing—Alterations
Expert Workmen—All work Guaranteed
Clothes called for and returned same day when re-
ceived before 10 a. m.
Let us show you our samples and prices when you
need that new suit of clothes. Can fit you and save
you money.
WILLIS YOUNG, Manager
'Phone 163
GUARANTEE
. C-7' ----,
- ’/ \ '
used
a
Y2
)U cannot expert any other a Bed
car daatar to nave the same
interact ae the Ford Authorized
Dealer in seeing that you get the best
used Ford for the money you invert.
Fairfield Motor Company
Fairfield, Texas :
IS
Hhe;
|BH|
m
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Kirgan, Lee. The Fairfield Recorder (Fairfield, Tex.), Vol. 50, No. 37, Ed. 1 Friday, June 18, 1926, newspaper, June 18, 1926; Fairfield, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1126264/m1/3/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Fairfield Library.