Stephenville Daily Empire (Stephenville, Tex.), Vol. 18, No. 4, Ed. 1 Monday, September 5, 1966 Page: 4 of 6
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ELECTRICAL WORK
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INSURANCE
LUMBER YARDS
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GRAVE MARKERS
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Stephenville, Texas
Is it True Blondes rU
We De
MEAT PROCESSING
for H»m« Freezers
5c LB
Hpgi’
Spanish Moss
Spanish moss is neither moss
nor did it originate in Spain. It
grows on Florida trees in long
strands and grows from seed.
The flowering rootless air plant
depends on water, light, dust
and air for growth.
■ caarct
a Mams
•«anst
J. LOUI
city
ART ANDERSON ____
Circulation Manaoar Mechanical Foreman
The Queen Isabella comme-
morative quarter dollar, issued
in 1893, is the only U.S. coin to
bear the portrait of a foreign
GEORGE A. LEE
Business and Advertising Manager
EVANS CARROL GARRETT
Society Editor
JEFF STINSON
aHSSSUK^-’Nisr
people a free election. He stop-
ped one general from trying to
add candidates after the filing
deadline. He also did not permit
the military to load- the ballot,
as expected, with their hand-
picked candidates.
HAMISON-VOSS
UPHOLSTERY
a
acres
definl
is A
in
and
IP,
st
UMENTS
COLLINS \
ROSS LEWIS. MILWAUKEE JOURNAL
BUILDING A NEW HOME?
Remodeling?
Contact ui for i complete job
at a reasonable price. Phone
5-3387? P.O. Box 264 Stephenrille
■>6lb ■ ■■ ■'■■■■ im—.......... ■
CASH & CAk^Y
15% Off. Reg. Price of Plcku;
and Delivery.
; STILL CLEANERS
MS N. CIMaa - Mwm MtW
< -1
'■I
Mme w
3125.00 pe
can be ai
3*4 acres
Mostly gi
pavement
room frai
10 per aci
a€5 per
MONUMENTS
e&orotam
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Trewltt-Jfeed Funeral Home
w
arenite -^saryta,-
JptJFLAY VARI
• Washington Morry-GO-Round
Patman Blames Federal Reserve
Board for High Interest Rates
I ham J
Frame*
Loans Available
For repairing your home,
adding a room, re-rooftag, re-
siding, painting, papertag, re-
decorating, water systems,
garages, including labor coots.
No down payment. Easy
monthly terms. See us
HIGGINBOTHAMS BROS.
A CO LUMBER YARD.
Dial 5-3424
GROCERS t
American economy, preventing
home building, Indirectly caus-
ing racial unrest in Cleveland,
Detroit and Watts because of
poor housing. vl.—.... _ :
High grade municipal bonds
in 1946 bore an interest rate
of 1j64 per cent, according to
Patman’s research sheet. Twen-
ty years later the rate had gone
up to 4.14 per cent Prime com-
mercial paper for a 4-to-6 month
period in 1946 paid an interest
rate of .10 per cent. Today the
same business loans pay 5.88
per cent. This is an increase
from 38,100 to 358,000 in the cost
of borrowing a million.
"Buildem can’t afford to pay
these high rates to build homes
today,” said the congressman,
“and people can’t afford to pay
even higher rates for mortga-
ges.”
Patman
--------------4
CARPET-LINOLEUM
Tile (installed by us)
Venetian Blind Service
DENMAN
TILE A CARPET CO.
ISO S. Columbia WO S-4SVS
"Sorvic
4 miles <
8 acres i
New wel
barn, she
I-ots of f
56 acres i
ment. Lt
building i
310,500
Plain viev
rigated 1
lays well
bedroom
trade foi
ably witl
us for fui
Four rooi
is clean.
ms posse
Total pri
Edge of
extra al
everythin
tank, you
leuth Lot
■in ...................
★ WASHINGTON COLUMN ★
CITY
ELECTRIC SHOP
E. L Stephens
.Sparta on aiaetrljy wfrtag. IM
Mg W. Green—WO 5-4141
From Horsehtao -
The elegant leather cordovan
is derived from horsehide. Ear-
ly Greek anf Roman warriors
used to decorate their helmets
with the manes of horses and,
in modern times, the tails
served as a battle standard
among the Turks, according to
the Encyclopaedia Britannica.
(she has no bitter memories of
her struggling years.
“I enjoyed it,” she said prac-
tically. “I was out of work
sometimes for as long as a
year, so I lived on unemploy-
ment insurance. It wasn't bad.”
As Sandy talks, she has a lit-
tle girl habit of shaking her
shoulder length, com tassel hair
and closing her eyes. It’s quite
endearing.
“I like making films,” she
said, “but I still miss the hours
and habits of the theater be-
cause I am more used to them.
“Ideally, I suppose that I’d
rather do only plays — and
make as much money as you
can making movies. But that’s
impossible."
She and her husband, musi-
cian Gerry Mulligan, live in a
five-room apartment on the up-
per West Side here. She prefers
a quiet home life, hopes to have
two children but says she is in
no hurry for motherhood at this
stage of her career.
Vtayl—WafhaNe
Shades 1.29 and up
Thornton Interiors
ms n. erauMB hms ms
kn
.
Stop Rice Smuggling
By RAY CROMLEY
Washington Correspondent
island a .load of
logs which he cut
along the Penob-
ennebee Rivers.
Mort undisciplined kida are
that way because their par*
ents are out of whack.
• * *
Summer it the season
when, even if you have
‘m dm't
--- I*—MNM.u.TMbgmbiga
"Oh no. Mra. Jlmpson, our Mom won’t bo wond
whore we are! In fact, she’s the one who told ue
you bought thia new odor TVP
♦ y
GWYNDOLA H.
WOLFE
GENERAL INSURANCE
IM N. Belknap Phene 54611
INSURANCE
All Kinds 1
Ballow Insurance
214 I. COtleae Ph. WO 5-4119
" ANNOUNCEMENT f
Bob Taylor's Insulation Company does hr
sulating in this area.
Wo have served Residents and Contractors
in Stephenville and surrounding territory
for over a year. We say, 'Thank you for
your patronage". Wo hope you will con‘
tinue to let us do your insulating. Wo want
to make Now Friends in the business.
Our product is Grade "A" Rockwool, and It
gives you ad the benefits you can receive
from insulationt cooler summers; warmer -
winters) a quiter and more pleasant atmos<
phere; and a reduction in your utility bills
Wo install "batts" or "blown" insulation inf
new or existing constructions, residence ort
commercial, and guarantee satisfaction at'
a reasonable rate. vCLSj
Write or call collect for estimates or instal-
lation.
Taylor Insulation Co.
507 S. W. Barnard St., P. O. Box 455
Glen Roio, Texas Phono 897-2635
Local
2 bat
cbmb.
cydta
LXXJEU
bath,!
Basic
a
86 x 1
SIM
assuni
i Ammo
rma.,
paUo.
IVicof
Lbcgb
J iu.20(
Mid that it waa
George Humphrey, Secretary of
the Treasury under Eisenhower,
who first started the trend to-
ward high intereset rates. Tn
April, 1953. he raised the inter-
est on long-term government
bonds to 3.25 per cent, from a
previous 25 per cent under Tru-
man.
“Humphrey was doing what
the bankers had long wanted,
but which Truman vetoed —
boosting their profits. The in-
creases Humphrey put across
cost the American taxpayers
about one billion dollars in the
interest on the national debt
alone.
>11 Billion ter Intertset -
“However, Humphrey was not
as bad as the man who, suc-
ceeded him, Bob Anderson. He
gave the bankers everything
they wanted. The interest rate
on the national debt has -since
gone up to 11 billion a year.
I asked if the Federal Re-
serve had not raised interest
in order to combat inflation.
Patman scoffed.
“It’s like pouring gasoline on
a fire,” he said. “It makes pri-
ces higher, not lower. The
guidelines on wages and hours
are supposed to be kept at 32
per cent. But test December
the interest rate went up from
4 to 5V4. That’s an increase of
37.5 per cent in one month —- a
long way from staying witbin
the guidelines.
“The fed upped the interest
rates to help out the big New
York banks which were in a
squeeze on their time deposits?’
Congressman Patman pointed
out that file 1946 Employment
Act under which the 3ove™‘
ment operates to stlWi“, ,
economy specifies "coordinat-
ed” action. Coordination, ne
Mid, should include not only the
fed, but the Treasury, the Fed-
eral Deposit Insurance Corporg-
tion, the Home Loan Bank
Board and the Comptroller of
the Currency.
“This could give the nation a
coordinated fiscal policy, not
one dictated by the spokesmen
for1 the big bankers,” said the
congressman from Texarkana,
Texas. ,, .J.
Headline sand F°otnotes _
Captured enemy documents
reveal that the Vtet Cong jg-
pect to reach their maximum
strength tn mid-1967. Apparent-
ly the Communists Intend to
continue their buildup in South
Viet Nam for another y9*r-J*
their prospects haven’t improv
ed by that time, presumably
they will return to small-scale,
hit-and-run guerrilla warfare
,\. . The captured documents Ffi
■o disclose that the, teteat taffi' IS
trators from North Viet Ngpi
have been given special trail-
ing in how to fight Americana.
South Viet Nam’s Premier Njftr
yen Cao Ky, who has behavM
like a martinet in the past, now
deems determined to give iti&X
SR®
- v- .
as the largest single food pro-
pushing “19M Official TrataiBf
Table Fodj^-^:
Larty lent, president s WL
properties, estimates tbs food
companies will spend 312 mil-
manufacturers I lion on the projrot
—:---------*--------.
I-.....
Bli®
The origin of the word
“tweed" has no connection
with the Tweed River in
Scotland. In 1826, a London
clerk when writing out an
Invoice for goods mistaken-
ly wrote “twaeda” instead
of “tweete.” “Tweete” ta
Scottish for the word
“twills,” a certain type of
woven fabric with a twill
weave.
By WALTER C FARKES
_ Traffic judge* who crack
down help prevent more
crackupfe e e
Beware the shade of the
old apple tree. That's
where Sir Isaac Newton got
knocked on the noggin.
• • •
Bv HAL BOYLE
NEW YORK (AP) — Blondes
are either dumb or nice.
Sandy Dennis is the nice kind.
- Tn an evil world she has a
grownup Alice in Wonderland
quality. She makes a man wish
he were younger and that she
was the girl who lived next
door.
If life were kinder, sh*’*
a fellow would wake up and find
under his Christmas tree, right
next to his brand mew Flexible
Flyer sled.
She has an air of sweet un-
crushed innocence that makes a
guy wonder whether it would be
more fun to lead her astray or
chivalrously protect her from
the fell designs of some other
rascal!
But after 10 years and two
bits on Broadway, the postal
clerk’s green - eyed daughter
from Hastings, Neb., really
doesn’t need protection from
anybody.
“I’m having a wonderful
time,” said Sandy during a
luncheon break on the set of
“IJp the Down Staircase,” in
which she plavs an English tea-
cher in a tough New York high
school.
It is her first starring film
role.
She entranced Broadway au-
diences in ‘‘A Thousand
Clowns" and “Any Wednes-
day.”
It took Miss Dennis a decade
to reach the H.750-a-week
bracket in show business, but ruler.
By SALLY RYAN
NEW YOFK (AP) - The op-
ening of the National Football
League schedule is a week
away, but the campaign al-
ready is on in the nation’s de-
partment stores, supermarkets
and sporting goods shops.-
Everything from raincoats to
litterbags is carrying an NFL
tag.
BuslneM is investing millions
of dollars to promote products
as the kind the big boys use.
You can shed your NFL paja-
mas in the morning, don an
NFL shirt, slacks, tie, boots,
blazer and cap embroidered
with a Los Angeles Rams or a
Minnesota Vikings symbol.
You can drive to the game in
an automobile bearing Atlanta
Falcons or Philadelphia Eagles
tags, sit on a New,York Giants
stadium cushion with matching
poncho, wrap yourself tn a
Green Bay Packers blanket and
light a cigarette with a Wash-
ington Redskins lighter.
At home you can decorate
with a Dallas Cowboys temp, a
St. Louis Cardinals wall plaque
and a Pittsburgh Steelers clock,
open a drink with a Chicago
Boars bottle opener, pour it In-
to a Baltimore Cotts pewter tan-
kard or a Detroit Lions insulat-
ed cup.
You can sleep on a Falcons
mattress, eat off a Cleveland
Browns place mat, put your
money in a San Francisco 49ers
bank, play your choice of NFL
electric football games and col-
lect NFL dolls—the ones with
the bobbin heads.
It has become such a big busi-
ness that the NFL has set up a
merchandising snd promotional
arm, National Football League
Properties, Inc., to handle it.
In 1963, its first year, NFL
properties grossed about 3150.-
000 from royalties and license
fees. This year it expects about
3600,000, about enough to buy a
quarterback. It win be divided
equally among the 15 NFL
clubs.
The American FootbaU Lea-
gue has similar arrangementa..*
There currently are 06 active
NFL licensees, who pay a 6 per
.quick qyiz.
Q-Whot too* BuMeoted by
the eerta coins of ChinaT
A—The early maker* of
coin* in Chin* ahaped each
cota to ahoir what ctodd be
bought with it. For oxamnle
coins shaped like the human
body were called “dreaa
Syh^*adWW>iWdtolWy
MEFE flnt
caiyoet of tree product* c»
ported from ^merictr
\A-RSaszafra* bark collected
along the coaata of Maine and
Mosnckusotts was shippod to
England in 1608 by a man
named Martin Pring. Capt
George Weymouth, in 1605,
took to England a load of
white pii ‘ *
in Maun
acotand
:.....
tad. fc C^nbodU.
ttji troops need.
These CafPbodian Chinese and Cambodian North Vietnam-
ese also run a rice import smuggling trade—which buys rice
from the Vietnamese fanner in the rice-rich delta region in
southern Viet Nam and ahipa it up the river by boat to Cam-
^°Then they smuggle the rice back to the rice-short mainline
North Vietnamese and Viet .Cong troops north of Saigon in
central Viet Nam—for a profit „ x ,
By nationalizing the rice trade—if he can get away with it
^Sihanouk will at one stroke take the Chinese and North
Vietnamese out of tbe business. But they’re deeply en-
trenched.
"/i
IE JOURNAL
WASHINGTON (NEA)
One of tbe great diplomatic-military victories of the Viet
Nam war may be in the making.
U.S. negotiators have been secrotly in touch with Cam*
bodia’s head of state, Prince Norodom Sihanouk.
They’ve been urging him to cut off the smuggling of Cam-
b°2fc’««21e^ee^nahanouk has secretly but obliquely
agreed.
M Obanouk carries through and is able to shut off a major
pqrtkm of the Cambodian-Viet Cong rice trade, this action
atone could seriously cut the effectiveness of considerable
numbers of the Viet Cong mainline troops. These, like all reg- -
ular soldiers, cannot operate effectively without regular food
^slbamiuk, however, may not be able to carry through.
‘ l Be hasn’t the ability or tbe will to himself move directly
* against the Smugglers—who could probably put his troops to
nmtr-since they’re protected by North Vietnamese mainline
f0S?tnstead of a direct approach, Sihanouk has Eedded In
effect to nationalize the rice trade. The government will buy
the rice directly from the fanner and sell tt on the market,
eliminating middleman.
The smuggling has been under the control of the 400,000-
man North Vietnainese community and the large Chinese
colony in Cambodia. These groups, largely loyal to the Beds,
L —
These two
They’re the l
By DREW PEARSON
(C°pyrisht, 1944, By B.H-
McClure Syndicate)
WASHINGTON - President
Johnson of Johnson City, Texas,
and' Rep. Wright Patman of
Texarkana, Texas, are old
friends. They once served in
the House of Representatives to-
gether, and Batman, now dean
of Texas congressmen, sup-
ports LBJ on about 99 44-100th
per cent of his policies.
On the vital problem of high
interest rates, however, the con-
gressman from Texarkana wish-
i ’ es that his old friend in the
White House, or at least his
Secretary of the Treasury,
, would clobber the Federal Re-
serve Board the way Harry
Truman did.
“There is nothing in the Fed-
eral Reserve Act which requires
tt to be independent of the
Treasury,” Patman recalls.
“And, in the past, John Snyder,
Secretary of the Treasury for
Truman, kept hammering’ at
the Federal Reserve Board to
keep interest rates down.
“Truman even refused to re-
appoint Marriner Eccles as fed
chairman because he wouldn’t
cooperate with the Treasury.
Henry Morgenthau also held in-
terest rates down under Roose-
velt. He told tbe bankers what
to do. He didn’t let them tell
him how to run our fiscal pol-
icy-
“And here is the difference
between those days and today.”
Congressman Patman pulled a
sheet of paper out of his desk.
It gave a list of interest rates
which the government was pay-
ing on ill bonds and short-term
loans in 1946 under Truman as
compared with 1966, 20 years
later, under Johnson. The fig-
ures showed that interest rates
in some cases have gone up
nearly 1200 per cent.
“Between 1941 and 1949," Pat-
man pointed out, “the Treasury
waa paying 3-8 of 1 per cent
interest on short-term loans.
Today the government is pay-
ing 5.04 par cent
What It Capta
“Do you know what that costs
the taxpayer?” the congress-
man asked. “In IMS it cost him
33,750 to borrow a million dol-
lars. In 1966 it cost him $50,480
to borrow one million. In other
words, it’s costing nearly 13
times more.”
Patman, who is chairman of
the House Banking and Curren-
cy Committee is as homey as
an old shoe. When it comes to
high interest rates, however,
he becomes passionate and in-
dignant. High Interest rates, he
believes, are threatening the
-----
3
r
„ 11
Stephenville Daily Empire
Published daily except Money ana baturday at 110 S. Columbia.
Second-class postage paid In Stephenville, Texas.
iuFu: HIGGS JR?
ruwiinpr
GORDON MCCULLOUGH
fiog I tvu 8E6I?O9*
JO ANN WALKER
CleaaNM Ad Manager and Caehler
member' OF THE ASSOCIATEb~PREM: TheAwoclated Rrna la anffltedPexctaM
Wto Ma v» or republication af all local news printed In this newspeper es well ee
Rte AP news dlspetches. - ,,
NOTICE TO THE PUBLIC: Any erroneous reflection upon
the cherocter er standing of any person er firm eppoorlne
M Its columns win be gledly end promptly corrected upon
Cehlnp the attention of the menegement to the ertldenn
euestlon.
SUBSCRIPTION RATES: By carrier In Stephenville, per
■ ^CTBK/ |H week. tie. per month. Me. by mail, to any address In
jllF\ /J9 Lr?2’’ °f. •OX *diolnlng county, per year, SS»5: six months,
ell other eddreoseo. lit par m. k
NOTICE OF CHANGE IN ADDRESS^CdRoe that are un-
p^’bX? #-re b* *
’........ ■ ■ - : v
|ipermarkets Stop “
Pro Grid Promotion >
cent royalty on the net selling
price of their products.
Seven food
GRO. & MKT
1106 W. Long St
Fhene 14116
II ____
»jut;aa
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si CTFI16B O.8 Cu. Ft.
r, cempiptWy^frMf
' .easy cleaning
$249.95 wMs trade
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Bookkeeping
and tax SBrvice
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DIRECTORY SPACE
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GIFT WOPS 5 ;
Look No Farthoi I
I own Ser Hvery ’ W
SasesMo W ‘
Ceramics-Flowere-Nbvelties
Glaseckn’a Glti Shop
468 8. Graham
PLUMBING 2?
h i - .in
Curry Plumbing
Contracting A Repair
Ditching A Excavation
Pha. WO 5-4246 <22 | ^row
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a Teletype Service for
Hard-Te-Oot Parte
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McCullough, Gordon. Stephenville Daily Empire (Stephenville, Tex.), Vol. 18, No. 4, Ed. 1 Monday, September 5, 1966, newspaper, September 5, 1966; Stephenville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1351382/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Dublin Public Library.