The Whitewright Sun (Whitewright, Tex.), Vol. 58, No. 7, Ed. 1 Thursday, October 29, 1936 Page: 6 of 8
This newspaper is part of the collection entitled: Whitewright Sun and was provided to The Portal to Texas History by the Whitewright Public Library.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Banks Have
Confidence to Loan
The First National Bank
From many quarters come reports of improve-
ments in general business conditions for the nation as
a whole. As such gains become more prevalent and
firmly established the opportunities for successful
undertakings will increase. At the beginning of such
a stage in business it is important for business men to
take stock of the future.
This bank is in a strong position to make loans
whenever individual business plans and related busi-
ness conditions warrant them.
—when business men have
confidence to borrow.
This bank is continually studying national and lo-
cal business information and is always ready to dis-
cuss plans and conditions with its business neighbors.
If it develops that a loan is justified, we will make
the loan.
» 5.000
I . tgV) MAXIMUM i
h7// •N*V«ANO'\W] O
i g* Iwt-. FOR tAO’ Aw/ =0
\ DCPOS'TOB 7/ /
Mahurin News
a Dallas
visitor
Board Finds Crop
Insurance Plan
Lacks Feasibility
farm
espe-
move
NEW YORK.—Serious difficulties
face the establishment of a public
crop-insurance program, both from
an actuarial and from an administra-
tive standpoint, according to the Na-
tional Industrial Conference Board.
All-risk crop insurance, which has
been endorsed by both political par-
ties, has been written from time to
by private insurance companies, the
conference board’s report points out,
but has invariably proved unsuccess-
ful. As the coverage rises to a point
that farmers consider worth while,
the premium rate increases so rapid-
ly that they cannot afford, or do not
desire, to insure.
Adoption of proposals to pay pre-
miums and indemnities in kind and
to store surpluses until times of crop
failure, known as the “ever-normal
granary plan,” would further com-
plicate an already difficult insurance
problem.
12 Serious Problems
Among the serious problems that
any system of crop insurance must
meet the conference board lists the
following:
(1) The price hazard; that is, the
practical impossibility of insuring
the farmer’s cash return from his
crops at anything approaching a rea-
sonable premium rate. If the disas-
trous experience of the private com-
panies is to be avoided, it would
seem imperative that the Govern-
ment should not attempt to insure
against the price hazard or to guar-
antee any fixed amount to the farm-
er, unless indeed the Federal Govern-
ment intends to control the opera-
tions of each farmer indefinitely.
(2) The actuarial problem. The
statistical experience, even in wheat
crops, is still so limited as to make
the danger of failure practically un-
predictable. There is as yet no sound
actuarial basis for insurance of crops
and it is unlikely that such a basis
can be developed for many years.
(3) The impossibility of obtaining
really accurate data covering
management and crop yields,
cially in areas where farmers
frequently. According to the census
of 1930, more than one-fourth of all
farm operators in the United States
had been on their farms for one year
or less.
(4) The tendency for poorer risks
to insure and for better risks to re-
frain from insuring under the crop-
insurance plan.
(5) The question of uninsurable
acreage. Many farms, especially in
the western plains section, experi-
ence definitely subnormal crops in
as much as two out of three years. It
is obviously impossible to give to
farmers in marginal areas as great
protection as to farmers operating in
sections having a more stable yield.
Moral Hazard
(6) The moral hazard; that is, the
possibility that the farmer once in-
sured will not continue to cultivate
his crop in a husband-like manner.
(7) The problem of avoiding in-
creased planting on increased acre-
age merely for the sake of deriving
possible insurance benefit.
(8) The justification for allocating
loading or administrative expenses to
.the taxpayers as a whole. One of the
leading private companies in the
crop insurance field estimates its
average cost on business done in the
past at approximately 30 per cent.
Even in case the volume of coverage
could be increased materially it is
doubtful, in the opinion of officials
connected with the company, that the
cost of administration could be re-
duced to less than 20 per cent of the
pure premium rate. At the present
time the Department of Agriculture
officials are not including costs of ad-
ministering the proposed plan in let her sob.”
Mr. and Mrs. Ed Moore and family
of Lubbock spent the week-end with
Mr. and Mrs. Andy Rouse.
Miss Leona Bush spent Sunday in
Hickory Creek.
O. P. Hall was
Monday.
Mr. and Mrs. J. F. Thornton and
family were in Hickory Creek Sun-
day.
Mr. and Mrs. Gland Bush and chil-
dren were Whitewright visitors
Saturday evening.
James Burris and Ross Bartley
were Bonham visitors Sunday.
Mr. and Mrs. Gland Bush and chil-
dren and Mrs. James Burris visited
in the home of Mr. and Mrs. John
Jones in Whitewright Sunday.
Miss Katherine and Audrey Faye
Hutchins were Bonham visitors
Saturday.
Miss Leona Bush entertained her
friends with a party Tuesday night.
Mr. and Mrs. Olion Bartley and
little daughter, Ola Lee, were Bon-
ham visitors Friday.
Everett Burris of Savoy spent a
few days of last week with Mr. and
Mrs. Aaron Burris.
Bob Clevenger of Denison visited
his brother, Frank Clevenger, Tues-
day.
Mr. and Mrs. P. H. Hall spent Sun-
day with Mr. and Mrs. Till Baldwin
in Ector.
A ten-pound boy was born to Mr.
and Mrs. Charlie Pierce Tuesday.
A Sob Story
Strolling in the park every eve-
ning with a young dog, the man at-
tracted the attention of another man
there and one night the two fell into
conversation. Talk turned to the dog
and the stranger asked the owner if
he would take $5 for the dog.
“Five dollars?” said the owner.
“Why, this dog belongs to my wife.
She’d sob her heart out if I sold this
dog.” He paused. “But I’ll tell you
what I’ll do. Make it $10 and we’ll
their calculations of premiums.
(9) The difficulty of selling insur-
ance to the farmer at a price that
will cover all costs or even pure pre-
mium costs. Premium rates worked
out in the Saskatchewan wheat in-
surance system are approximately 20
pei' cent of the average yield per acre
assuming an average price of 60
cents per bushel and providing for
only 60 per cent insurance coverage.
Problem of Reserve Fund
(10) The advisability of encour-
aging public competition with pri-
vate companies now writing hail and
frost insurance ....
(11) The difficulty of sustaining
the interest of farmers in periods of
normal or above-normal crops.
(12) The accumulation, or appro-
priation, of a large reserve fund. On
the basis of insuring up to 75 per
cent of the average or normal crop,
a plan now under consideration by
Department of Agriculture officials,
it has been estimated by private in-
surance officials that the Govern-
ment might become liable for as
much as $2,000,000,000 in a single
year. If during the early years of the
crop insurance experiment, pre-
miums have been sufficiently high to
have made possible the establish-
ment of a reserve of $2,000,000,000,
this would not perhaps be a serious
matter. If such a loss had to be
taken during the first year of opera-
tion, the resulting payments, which
presumably would have to be borne
by the Government, would amount
in one year to considerably more than
all rental and benefit payments that
have been made to date.
In view of these problems, th?
Conference Board concludes that the
feasibility of a public plan of all-risk
crop insurance is by no means as-
sured. The dangers that the entire
plan may come under political con-
trol and be used in a general scheme
of government control of all individ-
ual farm operations are very great.
aft. The
admitted
however, Funk’s sporting
as
WAGER ON POLL
TURNED DOWN
DRUNKS DRIVING US
BACK TO PROHIBITION
accurate
poll of the
day Funk
a sporting
Liked the Blarney
A Louisiana planter was noted
the ugliest but the most lovable man
in the State. His brother, after a trip
to New Orleans, said to him:
“James, in New Orleans I met a
Mrs. Hill who is a great admirer of
yours. She said, though, that it
wasn’t so much your brilliant mind
and kindness she liked as your strong,
handsome face which charmed and
delighted her.”
“William,” said James earnestly,
“that’s a lie. But tell it to me again.”
NEW YORK.—Were it not for the
ethical predilections of Wilfred J.
Funk, president of the Literary Di-
gest, a tidy sum of money might have
changed hands in a wager over the
accuracy of the Digest’s presidential
poll, according to a statement issued
by the Democratic National Commit-
tee headquarters here.
It all came about this way:
The Literary Digest has been con-
ducting a poll. Some observers as-
sert that the poll has been displaying
peculiar tendencies which distin-
guished it from most others taken in
various parts of the country. It is
one of the few which detects a trend
towards the Republican nominee, for
instance. Even in New York State,
Digest returns printed last week gave
Landon 99,228 and Roosevelt 34,-
120.
The New York Daily News decided
to conduct a poll of its own in New
York State. The first results were in
sharp contrast with those obtained by
the Literary Digest. Thereupon the
News published a novel proposal to
the Literary Digest.
“There is a wide discrepancy in
the results of the election polls con-
ducted in New York State by this pa-
per and the Literary Digest,” it
stated.
“The News* knows a man who will
bet $10,000 to $5,000 that the poll of
the News, as published in Saturday’s
paper, proves to be more
than the Literary Digest
same date.”
Interviewed the next
seemed disposed to take
chance.
Later,
blood had cooled. All bets were off.
He wrote the editor of the Daily
News in part as follows:
“As a matter of policy it would be
impossible for the Literary Digest to
bet on its own polls. Our magazine
mails its millions of secret ballots to
all parts of the United States. It re-
ceives, tabulates and prints the re-
sults of its returns.
“The magazine itself takes no sides.
Plays no favorites. It neither pre-
dicts nor prophesies. It has never in-
terpreted the results nor has it bet on
them. These things are up to the lay
reader oi' the expert.”
There the matter rests. As the
News remarked, Mr. Funk “still
thinks the Digest’s pro-Landon straw
vote is more accurate than the News
poll showing a Roosevelt sweep in
New York State, but he won’t back
his judgment $5,000 worth.”
(Clarksville Times)
The man who flung his hat in the
air and gave three cheers when the
eighteenth amendment was repealed
ought to be leading a campaign these
days to rid the roads of drunken mo-
torists. For if there is one thing that
could conceivably restore national
prohibition, it is the deadly mixtuie
of alcohol and gasoline.
Anyone who thinks that the Amer-
ican people will put up with this
menace indefinitely is crazy. Traffic
is dangerous enough even when all
hands are stone sober. Add to it
those half wits who don’t see any-
thing wrong in getting behind the
wheel after they have had a few
drinks, and you create an intolerable
situation.
Continue that situation long
enough and you will find a new sen-
timent for prohibition, just as surely
as night follows day.
Here’s an example: In Ohio the
other day some 30 young members
of a church organization hired a wag-
on and a team of horses and went
out for an old-fashioned “hayride”
along a country highway. The wag-
on was lighted fore and
night was clear.
Up from behind came an automo-
bile. There was plenty of room to
pass, but the driver apparently nev-
er saw the wagon. He smashed right
into it, knocking it into a ditch,
where it overturned and pinned the
young people beneath splintered
wreckage. One lad was killed and 14
others were severely hurt.
The driver of the auto
that he had had “two beers and two
highballs” before starting out to
drive. Police said bluntly he was
drunk.
Now, if you would go around
among the survivors of that accident,
and among their families, you might
find a surprising amount of senti-
ment in favor of restoration of prohi-
bition. ■
The traffic situation as a whole is
bad enough, heaven knows, without
being made more grievous by alcohol.
Since the race contains a certain per-
centage of fools, we probably al-
ways will have drivers who cut in,
pass on curves, and do the other
things that cause accidents. But al-
cohol is a complication of our own
addition.
4.
9
Johnson Pharmacy
*
9?
FOR A LIMITED TIME YOU ARE OFFERED
THE SUN
9
FOR
0
4
9
good serial
we
0
♦
Herewith inclosed $
to pay for Sun subscription for
year.
Name
Route or Street
Town .
State
Bring or Mail Your Subscription at Once!
Democrats Elected Five Times
To Presidency Since Civil War
With Rivals in Power 56 Years
USE THIS COUPON
The Whitewright Sun, Whitewright, Texas.
the
a
^^/VTONCE II
Get quick relief with Thornton &
Minor Pile Ointment from terrible
Piles. The private formula used by
world’s oldest rectal clinic in success-
ful treatment of 47,000 sufferers. Sold
on a Money-Back Guarantee by
$1.00
PER YEAR
If you want a newspaper in addition to The Sun,
can give you club combinations that will save you mon-
ey. Also club combinations with any magazine pub-
lished.
Farmers particularly need The Sun, for all the news
of interest in connection with the adjustment program
of AAA is published as it is released from Washington
and College Station.
Proud Father
When two preachers took Sunday
dinner with the old deacon, of course
two or three fryers had to be slaugh-
tered.
An hour later the old rooster was
heard crowing loudly. “Seems
mighty proud of himself,” said one of
the guests.”
'“No wonder,” growled the deacon.
“He’s got two sons in the ministry!”
Relieves PILES
The entire family will find many things of interest in
The Sun throughout the year, news of the town, the
county, the state, the nation, the schools, a
story, and features.
Private Formula
liam H. Taft as their standard bear-
ers. Then in 1912 Woodrow Wilson
defeated Rresident Taft for re-elec-
tion. * In this campaign Theodore
Roosevelt split the Republican vote
with his Bull Moose party. Wilson
was re-elected in 1916 over Charles
Evans Hughes.
Following the eight-year tenure of
Wilson was a succession of three Re-
The Truth
Fisherman—“I tell you, it was that
long! I never saw such a fish!”
Friend—“I believe you.”
For instance, we will sell you The Sun and the Semi-
Weekly Farm News, both one year, to any address in
Texas, Oklahoma, New Mexico or Arkansas, for $1.50.
WASHINGTON. — Since Abraham
Lincoln was elected to the presidency
seventy-six years ago, Republicans
have been in power fifty-six years
and Democrats twenty years.
In that time only three Democratic
Presidents have served — Grover
Cleveland, Woodrow Wilson and
Franklin D. Roosevelt. The two for-
mer served two terms each.
Cleveland was elected first in 1884
to break a Republican succession that
had lasted from Lincoln through
Ulysses S. Grant, Rutherford B.
Hayes, James A. Garfield and Ches-
ter A. Arthur. Cleveland was de-
feated for re-election by Harrison in
1888, but he turned the tables to de-
feat Harrison in 1892.
Following the Cleveland adminis-
tration, the Republicans won suc-
ceeding elections with William Mc-
The Sun again offers its readers the opportunity to
pay up their subscriptions at a greatly reduced price.
There’s no limit to the number of years you may pay for
at this price, which applies to subscriptions in arrears,
subscriptions in good standing, and new subscriptions
alike.
publican Presidents — Warren G.
Harding, Calvin Coolidge and Her-
bert Hoover. It was broken in 1932
when Franklin D. Roosevelt was ele-
vated to the highest office by
greatest majority ever accorded
nominee in the electoral college.
THE WHITEWRIGHT SUN, WHITEWRIGHT, TEXAS
PAGE SIX
Thursday, October 29, 1936.
1
5
£
i
4
5
I
✓
1
g
2
g
I
g
£
K
i
!
ii.................................... *..............
S
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.
Matching Search Results
View four places within this issue that match your search.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.
The Whitewright Sun (Whitewright, Tex.), Vol. 58, No. 7, Ed. 1 Thursday, October 29, 1936, newspaper, October 29, 1936; Whitewright, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1231060/m1/6/?q=wichita+falls: accessed June 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Whitewright Public Library.