Hockley County Herald (Levelland, Tex.), Vol. 9, No. 7, Ed. 1 Friday, September 23, 1932 Page: 4 of 8
This newspaper is part of the collection entitled: Hockley County Area Newspaper Collection and was provided to The Portal to Texas History by the South Plains College.
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9S
THE
RED & WHITE
STORES
%
m
I
Trust Us to Serve
t the Children Well
Prices for Saturday
September 24
CORN FLAKES, Red and White, Large Package,
Krisp ant} Krunchy IOC
CRACKERS, 2 Pound Salad Wafers, Dainty Salted
Crackers 15C
BEANS, Blue and White. Medium I ins, with Chili
Gravy, 2 for , 17C
TAMALES, Ratlilf Medium Tins, 2 For 25C
MACARONI, Yankee Doodle, Full 7 Ounce Pkg, 5c
HOMINY, Kuner Medium Tin 6C
PINEAPPLE, No, 2 Tin Red and White. Crushed or
Sliced 1
KUNER PEAS, No, 2 Tin Economy 13C
OATMEAL, Red and White, Large Package 19C
FRUITS, No. 10 (Gallon' 1 ins Peaches or Plums 37C
LAUNDRY SOAP, Crystal White 5 Giant Bars !9c
COMPLEXION SOAP, Ladv Godiva 7c
BACON, No, 1 Dry Salt, Per Pound IOC
REMEMBER- All Red and White merchandise must
please you 100 per cent or money cheerfully refunded
We Reserve the Rierht to Limit Quantities
Quality and Price Predominate in All Our Markets.
PHONE NO 25. WF DELIVER
The Home Loan-
Banks at Work
If a fellow with a mortgage on
his home Is unable to meet pay-
ments and is threatened with fore-
closure just how can he go about
getting help from the Home Loan
bank system? Much has been said
and published about the new home
loan banks, but what the man in
the street and the man in the |
field want to know is just how they
can get benefit from them—how to
proceed to use them to save their
mortgaged homes.
In the first place, the home owner,
generally speaking, will not apply lor
or receive loans, mortgage exten-
sions or mortgage increases directly
from the 12 regional Home Loan
banks. These banks purpose to
make loans to mortgage-holding in-
stitutions—building and loan assoc-
iations, insurance companies, home-
stead associations, cooperative banks,
etc.—in order that these, in turn,
may renew mortgages and be able
to extend further credits to their
customers. 'As soon as we get go-
ing,” said Chairman Fort, "we ex-
pect all institutions in the mortgage
business to start lending money
again, since the system will enable
them to become liquid instantly in
case of an emergency.”
Explaining the successive steps in
renewing a mortgage, or taking a
first one out, Chairman Fort said
that banks at present feel that they
must keep a large amount of cash j
against possible sudden demands of
j their depositors, so they are afraid
j to renew notes or make new long-
| term loans. With the Home Loan
! bank system working here is the j
different situation as described by |
Mr. Fort:
| In the first place, the bank which ■
now holds your mortgage can become ■
a member of the system. Immediate- j
, ly upon its becoming a member, not'
only your mortgage, but 12 per cent!
of all the home mortgages which it j
holds become rediscountable at the j
Home Loan Bank Consequently, it
does not need to put pressure on
you for repayment, since, in the
event it has need for substantial
funds quickly, it can secure them j
from the Home Loan Bank by a
loan at low interest against your
mortgage and others. After all, in-
surance companies, savings banks
and building and loan associations1
l make their profits out of lending,
I money on mortgages. They would j
like to make new loans if they dared.
Their membership in the Home Loan
bank system will make them dare.
But this question persists: Cannot
the home owner go directly to the
regional bank and get a loan on his
home? Representative LaGuardia,
for instance, has been proclaiming to
RECONSTRUCTION
ITe mus: futile attitude that man can assume Is that
of surrender, no matter what the situation or condi-
tions may be . . Regardless of losses, disappointments
and seeming disasters . . the job ahead Is one of
reconstruction Individually and collectively we must
start to build anew . . . and that means to dig In
This institution stands pledged to that end. ^
Make this bank your bank. Come in and get acquainted
with us. We are dedicated to the upbuilding of this
section on sale, conservative grounds We can be of
mutual benefit - -
First National Bank
of Levelland
SAFE, STRONG AND CONSERVATIVE SINCE 19*6.
JOHN If. DOYLE, Pres.
II H. MANN. Cashier
W. G. FRAZIER, Vice Pres.
MRS. IRENE K. ELLIS,
Asst. Cashier
LEVELLAND, TEXAS
THE red & WHITE stores
\IPW Rlnorl at Austin y°ung lawyers and schoolboys
INew Diooa at mumui Capitol to get a reputation and ‘
- j friends” in their campaigns, asj
Eighty-five out of the 150 mem- j say It has come to the
bers of the House of Representatives ,„ man of outstanding prom
of the next regular session at Aus>»^n(j merit in a county like
tin are new to their duties.^ Some j hesitates to offer for the postj
that such was the intent of these' u is noted" succeed mem' is likely to feel that the place
ofCong i ^s.s and he threatened bers who did not "choose to run” ncath his dignity. A candidat
drastic action” in case direct loans! for re-election. But most of them the House is almost on a pari
were not made 1 hat is the Pro- defeated the predecessor now sit- one for Constable. Now a Consl
\,(re not made^ . jn ^e "lame-duck” session at nrovjdpd he be a clever man]
•„i ssive" attitude government mon- pioviaea ne ut a ciever mau.j
,• direct to the needy. Chairman
set's answer to the question is as
ting in the "lame-duck"
Austin learn to enact laws as well
It is proper that the Legislature layman: but the trouble is thd
follows * "The Home Loan bank, as should reflect the changing mood the time he learns we turn hir
as any government capital is of the people, since it is the voice1 and send up another ConstablJ
in "the system, will have the power of the people in the making of their, clerk, or appientice lawyer, as
—- k di mans on first mort- laws. But it is unfortunate that the case may be. And then we con
^Illllllllllllllliiiiilllllilillllllt’lllllUlllllllllllillliiilllllillllllllllllillillllllllilliilii.lilillilllljilililllillinnnilil^liiliilllilllir?; TeKeS0°f low STgiSJ ! Sof
cent'"that they may loan to insti- and governmental experience News
tutions "" He added, however, that The House is so large and so un- -------7
the lending institutions would be -vieWy that parlimentary experience, MARRIED
willing lo relieve the" Home Loan and long familiarity with floor and j Mrs. Pearl White and Hays Mulky-
banks and make the loans themselv- committee procedure is especially were married Saturday, September
es in the first instance, rather than vaIuable. But it does not follow that 17 at Anton. Mrs. White is a resl-4
Texas to Have Its on the map- and more than likely -r beieve the 'papaya may
r\ D- k n I- LonR Horn Cave w111 be ,he *reatest lender special service to voung chil-
Dwn Dig Attraction, factor in such.—Burnet Bulletin. drpn suffPrinK from efficiency in
Perhaps the Long Horn Cave,| ~ " \ 1 vitamins,
situated in Burnet County is recelv- j Papaya Fruit Said "A diet consisting of meats and
ing greater publicity at the present
time than any other object in Texas.
Every daily paper in the State,
numerous magazines and many
country papers are giving the cave
considerable space in their columns.
The last issue of the "Texas Out
to be of Great
cereals is decidedly lacking in the
dements promoting growth and de-
Mpfliral Vs»ln*» 1 lelopinent" Free use of Papayas by
1 ,cultd v children undoubtedly would result
Mercedes. Sept. 21. The much m ail increase of stature of children
talked of "fountain of youth” may m the next generation and a notable
be found in the papaya tree, which j increase in the number of persons
look" magazine contained an article j's being more and more extensively living to be one hundred years of
beautifully illustrating some -of the ; grown in the Rio Grande Valley. age ’
scenes in the cave. The article in! The first papayas in the Valley;
} this magazine stated this was thel are said to have been grown by H. Retail Business on
3rd largest cave in the world and j B Stillwell. Sr nursery man of the
that the exploration part of it had i R l o Grande Valley. Curiously Increase During August
only been scratched. When it is j enough, his interest in papayas grew
fully explored it may enjoy the die- j from the belief of Mexicans that AuMm T(,x;is Sep, 2i An m-
tinction of being the largest known! eating the fruit of papaya tree was aSP of 10 ,'er cent was noted in
have their government in competi- 11 win ^ held by the membership! dent of Whitharral. while Mr. Mulky'
tion with them in their business." in Proportion to its worth or that lives about seven miles notth
Each of the regional Home Loan tbe unpracticed majority'will listen j Levelland. Both are well and favo
banks is governed by a board of 11 Y wlsdom born of having done ably known, and have the congratu]
directors: is capitalized at $5,000,000 ,hln^"s of llke kind many times be- lations and best wishes of tl
fore' many friends
The low prestige of the House is
or more, and is empowered to lend
not to exceed 40 per cent of the
value of the real estate mortgaged, rviaenced by the habit of sending Subscribe for the
and only on homes worth not more ------- - - - ------■
than $20,000 Banks and other lend- ----- - - - ----- _ _ _ _ _
ing institutions are expected to sub- 1 J
scribe for the capital stock of each
cave in the world
an aid to digestion. Stillwell claims
i August sales of 96 retail stores re-
!
regional bank, at the rate of one! {
per cent of the amount of the home j
mortgages held by them, but in case1 j
.sufficient capital is not forthcom-
ing in this way the remainder will !
be subscribed for by the Reconstruc- i
Just what this cave will mean to j that dpspepsia of long standing wasjportinf, to the university ol Texas
Burnet. County, and the town of | practically cured by a papaya diet.i Bureau of Business Research. These tion- Finance Corporation, up to a
Burnet and Marble Falls, has not | He hftS been Planting papayas saIps totaled $2,618,644 a corn-
been realized by the people of this j 5ver/ s^nc^ ,19°1 and grown a pared with $2,371,733 in July. The
section
fruit which he declares has none of
#11=11=plli |lp IS'sSSiri
government. Although it cost $2 00 Tim fiutt was and OToffiTrig stores, ‘women's spec-
per head to go through this great abo,,t a year ag0 apd welghs abou^ ialty shops, and men's wear shops,
wonder cave, no person ever made tvy° Pounds. A good average plan ■ • As confidence among the buy-
the trip and regretted it. Carlsbad W1 1 ,bear. ttbou . dne. hur*dTed a d ing public is restored and ns cus-
Cavem is in a sparsly settled part twenty-five fiuit during the season. tomPrs b<,gln to takp advantaRe nf
of the country, but notwithstanding fr'JIt relalls ^aslIj a the undoubtedly good values being
this, many hundred thousands of twntjr-flve cents 'to fifty <-ente ceach, offered. the lag in dollar value of,
people have visited it within the lvllh one hundred plants to the , salos a<f compared wjlh a ypai. at{0
past few years. After having visited a normal Planting. may bP greatiy reduced before thei
it once, many people have traveled Medical experts apparently bear end of tlie year" the Bureau’s re-
hundreds of miles to see it the sec- out relief that the fruit has teal port said."
ond tiihe. The money spent .by medicinal properties. Recent investi- The best showing as compared
people who visit the cavern has Ration by Dr. John H. Kellogg of with July was made in El F»aso
made the town of Carlsbad and ad- the Battle Creek Sanitarium brought stores, where sales during August
jacent country the most prosperous out the following report: exceeded those of the previous month
section of the United States. When "Within the next ten years the by 27 per cent San Angelo made
Long Horn Cave is fully developed! papaya will win its way into pub- a gain of 24 per cent and Dallas
there is no reason why many thous-j lie favor and take its place In all sales increased 23 2 per cent as
and people should not visit it every the great markets of the world
year. It is much jnore accessible; "The fruit contains half as much
to people in all parts of the country; Vitamin A butter, and also con-
than Carlsbad Cavern and when! tains Vitamins B. C and D, all of j little daughter, Patsy Jane, and
highway 66 is cofnpleted it will have | which are most essential to good | Miss Maggie Estelle Overton, of
maximum of $125,000,000. The cen- j I
tral board of five, with headquarters j
a t Washington, i s composed o f
Franklin W. Fort, former represen-
tative for New Jersey, chairman;
Nathan Adams of Texas; John M.
Giles of Ohio; H. M. Bodfish of
Illinois and W E. Best of Pennsy-
lvania—all with experience in home
mortgages.
~ The first relief secured by the new: |
bank system was in prevailing on |
closed banks, state and national, to
grant a moratorium of 60 days on
foreclosure proceedings on all mort-
gages held by them. This was said
to mean the savings of hundreds of
millions of dollars to home buyers
and real estate owners. The great
field of operation for the new banks {
is shown by the fact that $20,000,- ’
000.000 of home mortgages are in |
effect today. Last year no fewer j
than 150,000 families lost their |
homes through mortgage foreclosure, j
The Pathfinder
I
compared with July.
Mr. and Mrs. Verdie Ater, and
batter roads than Carlsbad
There are numerous natural ad-
vantages that should within the
next few yeans put Burnet County
nutrition.
"Its Introduction throughout the
country will have much to do with
lowering the death rate.
Ropesville, and Miss Ruby Lee Ater,
of Lubbock, visited in the home of
Rev. and Mrs. Alfred A. Brian of
this place Friday
A devout mother was showing her
little son the picture of the martyrs
thrown to the lions and explaining
it to him at great length and very
solemnly trying to make him feel
what a terrible thing it was.
"Oh, Mother!” he said tremulous-
ly. "Just look at that poor little
lion way behind the rest He won’t
get an
To The
Cotton Growers
We have placed our plant in good
repair from the engine room back
to the press and are perhaps bet-
ter prepared than ever to give you
the utmost in ginning service.
The new management would ap-
preciate your ginning business
during die present season, assur-
ing that everything will be done
to make your connections with us
a source of satisfaction and pro-
fit to vourself.
Texas Cotton Growers
(). E. McLEOH, Manager.
LEVELLAND, TEXAS
,_____,
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Hockley County Herald (Levelland, Tex.), Vol. 9, No. 7, Ed. 1 Friday, September 23, 1932, newspaper, September 23, 1932; Levelland, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1159613/m1/4/?q=Limestone+County: accessed June 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting South Plains College.