The Whitewright Sun (Whitewright, Tex.), Vol. 63, No. 2, Ed. 1 Thursday, January 8, 1948 Page: 2 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.
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Thursday, January 8, 19^8.
,I<*5**X*>^*X**X4>I*>Z4**4*I4*Z4*I4>I4*Z4*X44I4>*4<i4<T4*X4>*4>X4>**<*4>*4>*4
BOYCE HOUSE
of
to the
News
for a
I
f
CONDENSED STATEMENTS
And Now
Ten Years Ago
of the
At Cidse of Business DecemiTer 31, 1947
At Close of Business December 31, 1937
RESOURCES
RESOURCES
—$
Loans and discounts
$191,954.87
Loans and discounts
9,000.00
Banking House
Stock in Federal Reserve Bank.
5,300.00
3,000.00
/
$ 39,250.00
U. S. Gov’t securities.
U. S. Securities.
195,342.13
*
Cash and due from banks 205,744.83 440,336.96
.$1,827,059,72
Total.
$646,591.83
Total..
LIABILITIES
LIABILITIES
•$
Charter No. 4692
$1,827,059.72
Total.
$646,591.83
Total
\ ■
2,240.49
$1,827,059.72
Total Assets.
To build the bank strong and safeguard the deposits.
$1,646,459.72
Total Liabilities.
CAPITAL ACCOUNTS
To pay the stockholders a fair return on their investment.
$
To render the best possible service to our community.
$180,600.00
Total Capital Accounts
$1,827,059.72
/
$130,000.00
CORRECT—Attest:
(Seal)
7
„ ei l
Veteran’s
Questionnaire
Continuance of
Boom Is Forecast
Television To Reach
All U. S. in Few Years
Wild Rabbits Are
Often Dangerous
Banking House
Furniture and fixtures
The Officers and Directors of the bank intend to pursue the policies that
have proven sound for fifty-six years—
$100,000.00
. 76,560.00
. 14,500.00
. 455,531.83
> 50,000.00
50,000.00
50,000.00
30,600.00
1,646,459.72
436,445.37
5,000.00
1.00
Capital stock
Surplus
Reserve for contingencies.
DEPOSITS
Capital stock
Surplus
Reserve for contingencies
Undivided profits
DEPOSITS
$623,403.37
503,725.00
228,294.49
24,950.00
3,000.00
436,445.37
5,001.00
9,998.00
3,636.64
123,969.54
108,100.53
8,663.50
50,000.00
50,000.00
30,600.00
50,000.00
THE WHITEWRIGHT SUN, WHITEWRIGHT, TEXAS
I
Above are statements of the bank, December 31, 1937, and December
31, 1947.
EMMET PENN
C. B. BRYANT, Jr.
J. H. WAGGONER
Directors.
------------------------------------------. '
Ethel—“I tell you, it was that long!
I never saw such a fish.”
Al—“I believe you.”
The First National Bank
Member Federal Deposit Insurance Corporation
253,244.49
Cash & due from banks 625,643.86 1,382,613.35
143,000
inations
Le area
matient
To keep a recipe card in view and
out of the way while cooking, insert
the card between the tines of a fork
placed handle down in a blass.
in the City of Sherman, to-wit: Sit-
ua ' ' ‘ ~
of
of the J. M. Binkley Addition
Sherman, Texas, being described as
WASHINGTON.—Things are stir-
ring in television.
Television stations will blossom out
\in 32 new cities within the next year
$425,00^00. g «• ftZa-uZ 777
compensa-
Notice of Sheriff’s Sale No. 56026
The State of Texas,
County of Grayson.
Whereas on the 1st 'day of Decem-
ber, A. D., 1947, The State of Texas,
Plaintiff, and County of Grayson, im-
pleaded intervening Taxing Units,
Which?
“Of course, I must ask you
deposit,” said the landlady.
“Certainly,” replied the new ten-
ant, handing over the required sum.
“Thanks. Now, shall we trust
each other or do you want a receipt?”
L. C. Kirgan passed away recent-
ly. He was a home town editor for
half a century and never once did he
fail to bring out the weekly issue of
the Fairfield' Recorder, regardless of
storms, fire or sickness.
A tribute to his memory, in the
Recorder, closed with these beauti-
ful words, ‘One of our editor’s great
pleasures was a leisurely drive each
autumn through the woods of East
Texas when the sumacs were a scar-
let flame and the hickories and the
sweet gums had changed to golden
pyramids. That time has now come,
the season of the return of the leaf
to the good earth.
“In such an hour, our editor has
written ‘30’ and closed the story.”
Grayson.
By Ira Wisely,
Sherman, Ttexas, Dec. 22, 1947. 3jl5
* Citation No. 56120
The State of Texas.
To: Lois Baulch and her husband,
William Baulch, Greeting:
You are commanded to appear and
answer the plaintiff’s petition at or
before 10 o’clock A. M. of the first
Monday after the expiration of 42
days from the date of issuance of this
Citation, the same being Monday the
16th day of February, A. D., 1948, at
or before 10 o’clock A. M., before the
Honorable District Court of Grayson
County, at the Court House in Sher-
man, Texas.
Said plaintiff’s petition was filed
Very Clear
Two women were standing in the
snow discussing the fuel shortage.
“Yes, that’s it,” said one. “If we’d
have got the cold winter in the sum-
mer when its warmer, instead of in
the winter, we’d be able to do with-
out a fire and save coal.”
The range of each station is short,
covering only a single metropolitan
area.
When all television stations now
under construction are in operation,
40 cities will have stations instead of
eight as at present.
But it won’t be easy to link groups
of these stations together.
Radio networks are linked togeth-
er by ordinary telephone wire, but a
television radiocast won’t go over an
ordinary telephone wire.
Slip-cover baby’s bottle. A wool
bag will keep the milk from cooling.
A drawstring at the top will fit the
cover snugly to the bottle.
Smitty—“Sorry, old man, to hear
about your wife running away with
that butler.”
Jonsey—“Oh, that’s all right,
was going to fire him anyway.”
for the aggregate sum of Fifty-Four
and 30/100 ($54.30) Dollars for de-
linquent taxes, interest, penalties and
i accrued costs on the same, with in-
terest on said sum at the rate of 6%
!per annum from date of judgment
— „n Said
a foreclosure
I
Reserve District No. 11
REPORT OF THE CONDITION OF
THE FIRST NATIONAL BANK
OF WHITEWRIGHT, TEXAS
At the Close of Business on December 31, 1947
(Published in response to call made by Comptroller of the Currency)
ASSETS
Cash, balances with other banks, including reserve balance,
and cash items in process of collection------------------------------------
U. S. Government obligations, direct and guaranteed------------------
Obligations of States and political subdivisions---------------------------
Other bonds, notes and debentures---------------------------------------------------
Corporate stocks (including $3,000.00 stock of Federal
Reserve bank) -----------------------------------------------------------------------------
Loans and discounts (including $859.67 overdrafts)------------------
Bank premises owned $5,000.00, furniture and fixtures $1.00—.
(Bank premises are subject to no liens)
Other assets
Capital stock:
Common stock, total pat—
Surplus-----------------
Undivided profits --------------------
Reserves for contingencies —
A
Total Liabilities, and Capital Accounts----------------------
MEMORANDUM
Assets pledged or assigned to secure liabilities and for
for other purposes ---------------------------------------------------
STATE OF TEXAS, County of Grayson, ss:
I R. A. Gillett, cashier of the above-named bank, do solemnly swear that
the above statement is true to the best of my knowledge and belief.
R. A. GILLETT, Cashier.
Sworn to and subscribed before me this 6th day of January, 1948.
PERNIE BADGETT, Notary Public.
During the ten years the bank has paid cash dividends amounting to
$93,000.00, the equivalent to 18.6 percent average annual dividend.
The book value of the stock has increased $43,600.00, which is an aver-
age annual increase of 8.72 percent, making a total average annual
earning of 27.32 percent. In 1938, $50,000.00 was returned to the
stockholders in cash and the capital reduced that amount.
Haven’t seen Judge Elzo Been in
a long time, but, now and then, I re-
call a political campaign he took part
in, many years ago, and get a
chuckle.
It was out in Eastland County and
he was running for district judge.
Elzo—everybody called him by his
first name because he’s the kind of
fellow that you just naturally want
to call by his given name. Elzo was
born in Eastland County and he had
picked cotton in every precinct in
the county or, if he hadn’t picked
cotton there, he had taught school
there or had a brother or uncle liv-
ing there.
His opponent was a rather digni-
fied attorney of Eastland. They were
having joint debates every night.
One morning, a friend saw the op-
ponent on the street and said, “Well,
how did you do last night?” He
said, “Not very well; we spoke in
another one of Elzo’s birthplaces.”
Of course, Judge Been won the
race, by a wide margin.
■|vdis-
|B1 Xnd
Br int.Yr-
■^947. \
■Brans in the,
uring the year 1
■■^ than
disability
BBTaeath claims, insurance settle-
ments, and tuition and subsistence to
veterans in schools or training.
At the end of the year, VA was |
paying disability compensation to
181,000 veterans in the three states.
More than 43,000 loans on homes,
farms or businesses were guaranteed
by VA during 1947, bringing the
cumulative total for the three states
to 75,200 loans with $227,400,000
guaranteed by the government.
Veterans in training in the three-
state area at year’s end totaled al-
most 254,000. The number in school
or institutional work increased 63
percent compared to a 15 percent de-
crease in the number of veterans
training on-the-job.
Around 75,000 veterans reinstated
lapsed National Service Life Insur-
ance amounting to $51,000,000 during
the year.
J
Rabbit-hunters in many states are
being warned by health officers to be
careful in handling wild rabbits
which may be diseased and cause
tularemia, or rabbit fever.
One cannot be certain as
health of the rabbits in Grayson and
Fannin Counties, and therefore we
pass the warning along. Frisky rab-
bits are usually healthy but a tired
and lazy animal, which lacks the en-
ergy to run, is likely to be sick.
If there is reason to believe that
rabbits are diseased, rubber gloves
should be worn when handling the
animals and preparing the meat.
Care should be taken not to touch the
face, mouth, and eyes, or any place
where the skin is broken. Afterwards,
say the experts, contaminated papers
should be burned, rubber gloves ster-
ilized and hands washed thoroughly
in soap and hot water.
We give information for the bene-
fit of those who may be inclined to
follow it. Another suggestion, if
there is any suspicion that the rabbit
has tularemia, is to give up the food
and bury the game.
“Gives You Texas”
in business i
1948, 37 percent forecast a moderate of the taxing units which were^parties
down turn, 20 percent a moderate
upturn. Small minorities predicted
drastic changes up or down.
Fortune reported that 65 percent; arid/or~lots" of land as” described Tn
of all executives e „ 7 '
1948 profits to be as high or higher
than in 1947. More than a third said
they would raise prices in the first
half of the year and almost none said
they would lower them.
Many based their position on the
belief that labor costs and outlays for
raw materials will continue their up-
ward trend.
The survey indicated a growing
fear of labor unrest despite new pro-
tection granted to employers under
the Taft-Hartley act which became
effective last summer.
Thirty-eight percent of the busi-
ness men said they expect about as
many strikes in 1948 as in 1947, and
22 percent expect more stoppages
during the year.
A similar check last May indimated
that 68 percent thought there would
be a downward trend in labor dis-
putes whereas only 37 percent now
hold that view.
visions of law in such cases made and.
provided, i
Fred Prestage, Sheriff,
County, i Texas. By Ira
Deputy, i’
Q.—Will my failure to report for a
physical examination, ordered by
IVA, affect my payments of compen-
sation?
■ A.—Yes. Upon failure to report
■>r examination, without adequate
Bason, an award of disability com-
^msation is suspended. Where the
■ran subsequently reports for
Bsical examination, retroactive
^Lients over the intervening pe-
Bnay be precluded unless the evi-
clearly establishes that the dis-
B, in fact, existed to a com-
pile degree during such period.
Bs the amount of my disability
Bisation in any way affected by
Bount of money I earn or re-
Bom other sources?
Bro.
the stepchild of a veteran
Bio the same benefits as a
Bhild?
if the stepchild is or was
Boi the veteran's household.
■ have entitlement time left
^B<h my job-training course,
Bll in another job-training
to school for the re-
■y entitlement?
Bj-ior approval from Vet-
^ktration. you may use
Bentitlement either for
for educational
LIABILITIES
Demand deposits of individuals, partnerships, and corporations $1,392,091.51
Time deposits of individuals, partnerships, and corporations. Q QQH nn
Deposits of U. S. Government (including postal savings)-------
Deposits of States and political subdivisions-----------------------------
Deposits of banks ;--------------------------------------------------------------------------
Other deposits (certified and cashier’s checks, etc.)-----------------
Total Deposits $1,646,459.72
veterans in
Mississippi
ms Adminis-
|he past year,
■ce reported
The file number of said suit being
No. 56120.
The names of the parties in said
suit are: Margaret Miller, et al, as
plaintiff, and Lois Baulch, et vir, as
defendant.
The nature of said suit being sub-
stantially as follows, to-wit:
That plaintiff, Margaret Miller, i4
the sole owner in fee simple of the (
following described property located
in t.hp City nf Shprman in-wit’ Sit— *
Jed in the County of Grayson, State
“Texas, being a part of Block No. 9,
the J. M. Binkley Addition to
follows:
Beginning at a stake on the East
line of said Block No. Nine (9) 100
feet S., from the N. E. corner of said
Block No. Nine (9); thence S., 16 E.,
with the E. line of said Block, 50
feet; thence S. 74 W.,' parallel with
the North line of said Block 124 feet,,
to an alley; thence N. 16 W., 50 feet,
to a stake, the S. W. corner of lot
conveyed by J. M. Brinkley to C. J.
Colling; thence N. 74 E., with the
South line of the above described
tract, 124 feet to the place of begin-
ning.
Plaintiff claims title to above de-
scribed property under proper con-
struction of will of Angeline Geer.
Issued this the 29th day of Decem-
ber, 1947.
Given under my hand and seal of
said Court, at office in Sherman,
Texas, this the 29th day of December,
A. D., 1947.
S. V. Earnest, Clerk, District Court,
• By Nancy
~ ~ 4j22 u
WASHINGTON. — Fortune Maga- recovered a judgment in the District
zine reported today substantial blocs Court of Grayson County (for the
of the nation’s top business men plan 59th Judicial District of Texas) No.
to expand their plant facilities and 56026 on the. docket of said Court,
labor force in 1948 in the belief the against E. F. Springer „ n
current boom will continue through
the next year.
The publication based its report on
a survey of 28,200 executives made in
November.
At that time, 39 percent of the together with all costs
executives said they expected no ap- judgment directs that
preciable change in business in of plaintiff’s lien together with lien
_ _ XX HVj ,
to this suit and established their i
claims thereto for the amount of said J onrri^ie ^th day of November^ 1947.
taxes, interest, penalties and accrued
1 costs as apportioned to each tract
----- __ -------jxxxxd/xxx 7 7x7 uu 7xxL7 ixl
surveyed expect J said order of sale.
By virtue of an order of sale, issued
by the Clerk of the District Court of
Grayson County, Texas, on the 1st
day of December, 1947, as directed by
the terms of said judgment.
As Sheriff of said Grayson Coun-
ty, I have seized, levied upon, and
will, on. the first Tuesday in Febru-
ary, 1948, same being the 3rd day of
February, 1948, at the courthouse
door of said Grayson County, be-
tween the hours of 2 o’clock P. M.
and 4 o’clock P. M. of . said day, pro-
ceed to sell for cash to the highest
bidder all the right, title and interest
of E. F. Springer, et al, in and to the
following described real estate levied
upon the 1st day of December, 1947,
as the property of E. F. Springer:
Being Lot No. 7, Block No. 4,
Milam Heights Addition to the City of
Sherman, Texas,
Subject, however, to the right of
redemption the defendants, or any
one interested therein, may have, and
subject to any other and further
rights the defendants, or any one in-
terested therein, may be entitled to
under the provisions of law. Said
sale to be made by me to satisfy the
above described judgment and fore-
closing the lien provided by law for
the taxes, interest, penalty and costs.
The proceeds of said sale to be ap-
plied to the satisfaction thereof. Said |
sale will be made subject to the de-
fendants right to redeem the said GraysorT County^ Texas?
property by complying with the pro- Drake, Deputy.
----. Receiving sets are coming out
_.r the factories at better than 400 a
day.
Don’t expect miracles. It may be
many years before television reaches
your living room — depending on
where you are and how much spend-
ing money you have. It will take
time, and the era of mass television
is in the future. ‘
Just now, television still is concen-
trated in eight metropolitan areas.
Two-thirds of all television sets are
still in New York City.
But those statements won’t be true
very long.
Here is a quick summary
television situation:
The Federal Communications Com-
mission says 11 commercial stations
are in operation and 55 more are un-
der construction.
The Radio Manufacturers Associa-
tion says nearly seventy thousand re-
ceiving sets have been produced so
far this year—compared to about 16,-
0000 produced in all previous years
together.
Television’s No. 1 problem, per-
haps, is that of developing networks.
Networks are needed because elab-
orate studio programs will be too
costly for most individual stations to
produce alone.
Also they are needed so that peo-
ple throughout the country can be
. treated to big events like the World
I Series, a champion boxing match or a
I President’s speech before Congress.
1 County, municipal, other
bonds and warrants
Stock in Federal Reserve Bank
$503,725.00
County, municipal and
other bonds
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Waggoner, J. H. & Doss, Glenn. The Whitewright Sun (Whitewright, Tex.), Vol. 63, No. 2, Ed. 1 Thursday, January 8, 1948, newspaper, January 8, 1948; Whitewright, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1331782/m1/2/?q=%22~1~1%22~1: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Whitewright Public Library.