The Sealy News (Sealy, Tex.), Vol. 44, No. 34, Ed. 1 Friday, October 23, 1931 Page: 2 of 8
This newspaper is part of the collection entitled: The Sealy News and was provided to The Portal to Texas History by the Virgil and Josephine Gordon Memorial Library.
- Highlighting
- Highlighting On/Off
- Color:
- Adjust Image
- Rotate Left
- Rotate Right
- Brightness, Contrast, etc. (Experimental)
- Cropping Tool
- Download Sizes
- Preview all sizes/dimensions or...
- Download Thumbnail
- Download Small
- Download Medium
- Download Large
- High Resolution Files
- IIIF Image JSON
- IIIF Image URL
- Accessibility
- View Extracted Text
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
THESEALY NEWS, SEALY, TEXAS, FRIDAY, OCTOBER 23, 1931
Off With the Old Love, On With the New— — By Albert T. Reid
MQ
532
i
ot sp
0 R
our
JI
:f
42/7
(903
$
<sSS-
• -*dt
a
V
TOMQQQOw
<§4
(9
STOCKBRIDSE
Br FRANK
interest is their indecency are a brass band.
*****
To the simple mind which at-
of the industrial centers and it
year’s campaign starts, yet they
career of
on
*****
re-
would lead to a revival of build-
commercial paper
words,
on
novels. From a famous sciolo-
an old Indian who said he knew
take care of the idle workers
see it coming down,” he said.
bankers’ committee, under the
HAS THE TURN COME?
are b-
And in calling in leaders of both organized for $250,000 beach
hotel project.
use
t. '
*
■ pa
WASHINGTON
sexy literature is waning, and
that books whose chief claim to
Hoover plan, has arranged for,
would turn the trick. It certain-
ly has given the country, at
large, a better feeling. While it
cannot, in the nature of things,
start all the factory wheels turn-
ing instantly and put every-
body back to work at once, it
ought to speed up the resump-
‘7
13
but which is known to be ab-
solutely good.
The amount of half a billion,
year’s campaign have taken new
hope. s4
HOOVER
Most of the criticism of Presi-
dent Hoover is based upon his
$$3
oDAY 4
253)
than for anything else. In the
present instance he has acted
promptly, demanding immediate
action from the bankers, who
responded by forming the new
credit concern in two days and
selling its stock within a week.
Mr. Hoover treated the world to
the spectacle of seeing a half
billion dollar corporation form-
ed almost overnight, ready to
function within a few days.
//L
MM
E42z-
The first automobile show in
e United States was held in
‘ The Worker And the Land
Under the wonderfully stable
government which has been set
up ip Czechoslovakia since the
war, the industrial workers have
a greater sense of security than
in any other country, including
Ieek
* oh,-dill,-excuse me. HERE’S an old
FRIEND I HAVEN’T SEEN FOR. AGES / *
• •
a sure sign of rain. “When I
huge as it is, was not deemed
sufficient alone to turn the tide
of depression, but financiers
know that the fund will be
lent over and over and the ef-
fect will be the same as though
the eagle scream” and he does
not, like to quarrel in public
with his political opponents.
But when he can get a group
of men around a table to dis-
cuss any question of public im-
portance, he usually gets what
he goes after. That is what Mr.
Hoover has been doing in the
matter of the war-debt mora-
torium, the new plan for credit
relief, and other measures of
great public importance. It is a
new method in American state-
craft, but it seems to work. It
takes leadership to work it, and
(g
ment. And in good times he
EDISON
Twenty-three years ago, when
Thomas A. Edison was serious-
a new
Leaders do not always wave
their swords and parade with
financial hole the country was
going to get, more people are
expressing confidence that busi-
ness is going to get better very
soon. .
This is a very hopeful sign.
The principal trouble with the
general situation lately has been
have been unwilling to spend
their money, to invest it where
or chipmunk, have
of the country will be turned
into cash and release many mil-
lions for business expansion.
The stock market, always the
first to respond to a change in
financial setups, reacted in a
healthy manner, prices soaring
for the first time since the
crash in 1929. Business in gen-
eral is expected to follow and,
while it is unlikely that the
new financial arrangement will
cover destitution this winter yet
it is almost certain to bring
back hope to the millions who
had begun to despair of the
country rallying from the pres-
ent depression.
g83/je)
da2z7FK
a.
never been so numerous. An-
other reason for the “sign” is
that there are more nuts than
usual. Last year there were few
butternuts, fewer hickory nuts
—or as my Yankee neighbors
call them, walnuts. This year
the trees are loaded with squir-
rel food. And a third eason is
that it has been a mild, open
Fall so far, giving the squirrels
fine weather in which to gather
and store the nuts.
There is just as much basis
for most of the so-called “signs”
attributed to animals as there
was for the old “Indian signs.”
of Europe. The principal one Librarians report that there
which all of them have to teach,, is a revival of interest among
however, is that you cannot . young folks in the sound, decent
separate the mass of the people I literature of the days before
very far from the land without the war; Young folk of both
subjecting them to unnecessary! sexes who were too young to
risks. And the next one is that be influenced by the war. are
when every worker is a land-: reading the great books of
owner there is no danger of Dickens, Thackeray and Scott
^revolution. in preference to the modern sex
were just too young to have
any part in the war but who
were emotionally stirred up by
it. They have now had their
fling and are largely settling
down to. decency, while the
younger ones, who were infants
in wartime have no such emo-
tional disturbance to be com-
pensated for.
Whatever there is in that
theory, it is gratifying to feel
that the age of indecency is
approaching an end. It was
bound to end some time, as such
manifestations always do, in
time.
$500,000,000 credit which the a fund of five billion had been
' ’ • ” provided. It is expected, that a
large prt of the frozen assets
to restore his waning popularity (
by his recent acts- than any |
President in recent years nd
those who had begun to fear he
was doomed to defeat in next
worse ’trouble, he acted with a
breadth of view which must
meet the approval of * .people
of all parties.
It looks at this time asi the
pr
Ai
- anuuoia. -uio alu a terest for so many years? I can
is only a question of time when think of none. As far back as
it will be the rule throughout > 1879, fifty-two years ago, Edi-
Czechoslovakia. The avowed son’s name was known all over
tion of industrial operations
very materially
Very few men live to see the
can save and invest a very large full fruition of their life’s work.
When the President summon-
the great bankers of the coun-
try into conference it was
largely for the purpose of hav-
ing them agree to the proposal
he had already matured in his
own mind, after holding con-
sultations with Secretary of the
Treasury Mellon and Secretary
of State Stimson. When the
bankers met he explained his
plan of having them from a
pool of $500,000,000 to lend to
other banks, taking in return
good bankable security, but
which lacks fluidity. In other
___9wn.
When this new nation was
formed out of territory which
used to be part of Austria, a
Gas and sewer systems to be
installed in Port Lavaca, at
once, and stock company to be
W Nil
44-+y
inability to stir the emotions of
the crowd. He never “makes squirrel
i
been blamed more for his slow-
ness of action and his liking
for fact-finding committees
those who have been saying - wu.,g, ........ papuvu--------vaJJu.___
that Mr. Hoover is not a My grandmother used-to toll-of rxvhtctrmoney dould not be raised ing operations in all cities and
gist]l—lear- -that.thewave of needed to revise their views.
lack of confidence on the part
of those who have money. They
NEEDED!
- I LEFT my family in France and started back across the ocean
alone. There was none of the thrill that usually comes with
heading toward America, none of the joy of coming home.
For a couple of days I was depressed. Everything I caied for
was behind me; I was sailing into silence.
Then one day the wireless spoke: ,,
“Have arranged the following appointments for you, my
partner wired. “Tuesday after your arrival, Baltimore. Wednesday
Pittsburgh; Thursday, Friday, Chicago. Best wishes, Please
confirm.” , ,
Immediately came a feeling of relief and cheer. ‘I have work
to go back to,” I exclaimed. “Duties are waiting to keep me alert .
and a little worried and on my toes.”
I was relating the incident to the chairman of the board of
a large corporation.
“I know jnst how yon felt ” he said. “I’ve organized our com-
pan- so well ‘at I’ve a .. t org nized myself out of a job. But
very now and then a really big • robiem comes alons, and the
boyshave to send for me. A hurry call came to my home from
Chicago last Sunday, and I had to leave on an hours notice. My
wife thought it was a hardship, and of course I let her believe
that we men lead terrible lives. But all the way out on the train
my spirit was sining: ‘Somebody wants me, I have work to do.” ’
Joseph Medill was asked: “What is the greatest pleasure of
-your life?”
“To feel that I am at play when I am at work,” he answered;
The book of Genesis presents work as a curse inflicted on
humanity for its sins. We know in these times of unemployment
how faulty that conception is.
To wake up in the morning and wonder: "Where shall I go
today? What shall I do?” That is the curse.
America’s most important problem is not education, not the .
government regulation of business, not even prohibition. Our real
task is to work.out some ecoonomic system by which we can pro-
__ < ide honest jobs for all the people all the time.
Every man and woman is entitled to the glorious self-respect
. which comes from being able to say:
“Thank God, I have a place, I am needed.”
* »
the long run, have had so much
of their depositors’ money tied
percentage of his earnings in, Thomas A. Edison was one of
the factory. j the fortunate few.
There are several lessons we *****
could learn from a closer study „EeENey
of some of the smaller nations DECENe •
Washington, D. C., October
23.—President Hoover has met
the public demand that he as-
sume leadership in no uncertain
manner by his initiation of the
national credit corporation. It
is called by political observers
here the second great act of his
career as President. The first
was the executive order grant-
ing a moratorium on European
War debts. Some of the more
enthusiastic members, of the
Republican Party claim Mr.
Hoover has made his re-election
next year certain by his latest
act alone. While they do not
expect that the depression will
have entirely ended when next
We think Mr. Hoover did per-
haps the wisest thing that the
has done in his career as Presi-
dent, when he called leading
bankers into conference and
with their assistance worked
out a plan for providing credit
beyond what the banks extend.
than in several years. Not only assert the county will be so well
the common red squirrel, but advanced ..........
the rarer pine squirrel with prosperity that few voters will
spectacled eyes, the still rarer want to risk changing the re-
pure gray squirrel and the red- spOnsible head of the Govern-
dish-gray fox squirrel, as well ment when voting time
comes
as the little striped ground around. ’ '
*****
parties in Congress to reasurre
eir mme-y, 1 anvrn IV w 1101 •r i he coimtry that this projert !
it would be doing useful work, was not a partisan bid for pop-1
* of the feeling that ularity, but a genuine, patriotic J
no longer being widely read.
This friend attributes the let-i SIGNS ...
down in moral standards, which ! Down in New England, rural
। was so noticeable for a few1 weather sharps are forecasting
years -after the war among a hard winter. The squirrels are
young people, to the desire for laying in supplies of nuts with
thrills on the part of those who greater industry than for years.
ly ill, I prepared an account of
his life, for publication in case
of his death. I found in the
reference room of the New York
Herald an article several
columns long which had been
written about Edison in 1879.
What man ever lived whose
life was a matter of public in-
little more than twelve years
ago, its people chose for their
pres lent Profess r Masaryk of
Columbia University, New York.
A native of what used to be
called “Bohemia.’’ he had been
labor ing for years for his coun-
try’s independence. When his
people finally were liberated by
the Treaty of Versailles and he
became their leader, he sur-
rounded himself with strong, in-
telligent men and began to work
out a system wheerby every
man in the nation should be
independent.
One of the first things the
new nation did was tov take
over all of the huge estates,
many of them owned by citizens
of other countries, and divide
them up into small farms, which
were sold or rented to families
which had never been able to
hold land before. The next thing
was to organize the industries
of the nation, with the result
that Czechoslovakian efficiency
is famous throughout Europe
Professor Maasryk merely took
American experts over there
and had them show the manu-
facturers of that country Ameri-
can methods.
But the most important varia-
tion from the American system
is a provision whereby every
industrial worker will eventual-
ly have at least one acre of
land surrounding his home. This
has been accomplished in many
purpose is to refuse employment the world. Great men have
to any man of family who will sprung into the limelight, lived
not agree to live on one of these । their full careers and gone to
tracts. their graves since then. Theo-
An acre of land means little dore Roosevelt and Woodrow
in America. In Europe,’ where Wilson were just finishing col-
the Whole family is accustomed lege in 1879, William J. Bryan
to outdoor manual labor, it had not been heard of, Grover
means the cultivation of every Cleveland was an obscure lawyer
square inch, and at least a liv- in Buffalo. Each of those and
ing for the occupants. In times many others who have long
of industrial depression the since passed from earth left his
factory worker has has land to' mark on human affairs, but
fall back on, and is in no danger j none so completely revolutioniz-
of starvation from unemploy- ed the world as Edison.
THE SEALY NEWS
*E. W. Bracewell, Publisher
Published Every Friday
Entered at the postoffice at
I Sealy, Texas as second class
mail matter.
One Year_______________$1.50
Six Months--------- —---- -75
f " TELEPHONE 37—
from candy to medicine, are not yet touched bottom. That
made up in part of petroleum has been one serious drawback
products. The oil industry has to a speedier recovery, and an-
proven itself time and again to1 other has been the fact that a
be a cornerstone of modern * great many banks and financial
civilization. * institutions, perfectly sound in
IMAIH
•,2,
r, ‘ 71%
7)
-2
Wz %1,
E" 1 — Utilization of Petroleum—
! , it is probable that no other
raw material enters so many
fields of utilization as petrol-
eum.
Crude oil. subjected to a series
of refining processes, releases
gas that is the source of fuel
gas, carbon black and alcohols.
The first producis of distilla-
tion as napthas-and refined oils,
which yield gasoline, commercial
solvents, and cleaning fluids.
The refined oils include kero-
. sene, illuminating oil, stove and
tractor oil, furnace oil, etc.
The intermediate distillates
produce gas, oil and absorber
oil, both of which have impor-
tant industrial uses, and like-
wise yield gasoline, by the crack-
ing process, and Diesel oil.
From the heavy distillates come
waxes, lubricating and medicinal
oils and similar products.
But the use of petroleum does
not end here. The residues of
distillation produce other things
' such as road oil, asphalt . piteb-
***** W1
The national credit concern is %
only part of the financial relief 7
President Hoover contemplates,
judging from the conferences •
he has held with leaders of both
parties in Congress. It is said
he outlined to them a desire to
have the Federal, Reserve Act -
amended in order to bring it "
more into line with present
business methods, which have
changed immensely since the
original Act was passed in 1913.
The main purpose of the chang-
es will be to enlarge the powers
of Federal Reserve Banks so
they can discount paper they a
are now forbidden to handle.
In addition, he is said to have
asked Congressmen to support
measures to rebuild the Federal
Farm Loan Board, which lends
money on long-time mortgages,
so that it is now able to accept. m
This is not to be confused with E
the strong likelihood that the
War Finance Board will be re-
vived in order to support the A
new national credit corporation
in the extension of credit.
A further step contemplated
will give relief to city real es-
tate owners by allowing the new
corporation to loan its funds
on city mortgages. Such action
tributes to animals powers of
foresight which humans do not
possess, this is held a sure sign
of long-continued cold.
Science knocks this theory
into a cocked hat. One reason
why the squirres are hoarding
more nuts than usual is that
there are more squirrels. Last
winter was a mild one and few-
er squirrels froze or starved to
death than ordinarily. All sum-
mer I have observed more
squirrels around my own farm
Hemlock represents about 14
per cent of the softwoods ex-
ported from the United Staten,
about twice the amount shipped
to other countries eight yeax
There is a different tone up in securities which cannot
noticeable in the conversation quickly be realized or that they
of business men in the past have been unable to extend the
week or two. Instad of wonder- lines*of credit which are b-
ing how much deeper into the solutely necessary for the nor-
------ mal course of business.
HUV
a
9
gaseu
12" 4b/ 27 /
AKT4F2EHV/
4AUKEk-
in one of the country’s largest
industries.
*****
The President has been ac-
corded high praise on all sides
for his constructive work, esf
pecially as he has not done it
for the mere purpose of win#
ning votes. All his acts have
been done on a nonpartisan
basis, members of both major
parties having been consulted
and allowed to obtain their
proper share of the credit for
“saving the country.”
Political observers here claim
that Mr. Hoover has done more
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 seven 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 Sealy News (Sealy, Tex.), Vol. 44, No. 34, Ed. 1 Friday, October 23, 1931, newspaper, October 23, 1931; Sealy, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1441689/m1/2/?q=central+place+railroads: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Virgil and Josephine Gordon Memorial Library.