Claude News (Claude, Tex.), Vol. 50, No. 23, Ed. 1 Friday, February 3, 1939 Page: 2 of 12
This newspaper is part of the collection entitled: Texas Digital Newspaper Program and was provided to The Portal to Texas History by the Richard S. and Leah Morris Memorial Library.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
...PubUabar
Off lea at Claude
lanMill
1 Matter.
■VERY FRIDAY
itory, year....$1.50
For The Latest ana Newest
IN LADIES READY TO WEAR
HHXINERY and ACCESORIES
Shop At The
New and Beautiful
MS POLK ST.
Amarillo, Texas.
Currency Instead of Bonds—Central
bankers issue blanket mortgages
against property of people for own
benefit and charge Government
for use of its own credit—No more
Tax-Exempt Interest-Bearing Se-
curities should be issued — Will
Special-Privileged few inveigle this
Country into WAR to distract at
tent.ion from Monetary Reforms?
CONTINUED FROM FIRST PAGE
to pay interest on the mortgage
that he has furnished the money
to pay he is acting as foolish as
our Government.
Government Owns Enormous
Gold Reserve
Under present laws, the Govern-
ment owns 9 VI billion dollars in
gold. The title to this gold is in
the Government. None of it be-
longs to the banks or to the people
This is sufficient gold for the Gov-
ernment to issue its credit to the
extent of $24,125,000,000 based up
on a 40-percent gold reserve. We
have 5',4 billion dollars of money
in circulation and the Government
is paying the Federal Reserve banks
an annual bonus to keep a larg<
part of this amount in circulation
No country has ever required more
than a 40-percent gold base as
coverage for its currency, and ver;,
few countries have ever had that
much. It occurs to me as unsound
for the Government to continue to
issue tax-exempt interest-bearing
bonds when it lias ample gold that
may be used as sufficient base for
the issuance of approximately $20 -
000,000.000 more in money or credit.
The private banks owning the
stock in the Federal Reserve bant
ing system have an investment of
$140,000,000. It is the Government's
credit, and not this small invest-
ment that enables these banks to
transact hundreds of billions of
dollars worth ot business annually.
The Government should do the fol-
lowing:
First: The Federal Reserve bank?
should be taken over by the Gov
ernment and operated in the in
terest of all people, banks, industry,
agriculture, and commerce.
Second: No private corporation or
corporation owned by private cor-
porations should have the right to
Issue money.
Third: The Government should
issue currency or credit when in
need of money instead of tax-
exempt interest-bearing bonds.
Fourth: Very few of the bankers
of the country, even the real good
ones, have ever studied or thought
anything about this monetary prob-
lem.
Fifth: A billion dollars a year
can be used by the Government to
a better advantage than paying it
as interest, on Government bonds
that may be used as a basis for the
issuance of currency.
Sixth: Direct credits should re-
ceive the thoughtful consideration
of the people.
Seventh: Opposition to any pro-
gressive proposal may be expected
from those who will be deprived of
special privileges, the die-hard, or-
thodox, hard-monev advocates, and
the poll-parrot satellites of Wall
Street who only repeat what, others
say and never think for themselves
Eighth: We need and must have
more money as a circulating med-
ium. but we should not issue more
Government bonds in order to get it
Ninth: The Government, through
the ownership of the Federal Re-
serve hanks, can gradually but ev-
entually retire every outstanding
dollar's worth of Government se-
curities and save the Government
a billion dollars a year in interest.
Tenth: The Government, through
the use of these great facilities, can
refinance the obligation, of States,
counties, cities, and political sub-
divisions by using the people's credit
—the Government's credit—at a
rate of interest, nol exceeding one-
half of 1 percent,. This rate of in-
terest will protect, the Government
against loss and save the people
who are obliged to pav these obli-
gations from one-half' billion to n
billion dollars a vear in interest
charges alone, which will result, in
]educing the tax burden on proper-
ty in many communities as much
as 50 precent.
Eleventh. The Government, thru
the Government-owned Federal Re-
serve Banking System, could safely
make loans to States, counties,
cities, townships, and school dis-
tricts and educational institutions
for public improvement and educa-
tion based upon adequate and sound
security at one-half of 1 percent
Interest.
No Chance of Inflation
This change In our banking laws
and governmental system can be
made without undue expansion of
the currency and without the pos-
flbillty of inflation by making the
changes gradually instead of rapidly
and by changing the reserve re-
quirements of banks at the same
time In other words, under the
p w
tlon for Mrvteet or to pay-
ment of Government obligations
<g reserve requirement can be
raised to where a bank cannot Issue
more than $5 to everyone and then
#3 to everyone, until finally the
bank will only be permitted to ex-
tend loans to the actual amount of
money In its possession, which will
cause a 100-percent reserve re-
quirement.
Power of Money Trust Over
Congress
The power of the Money Trust
over Congress seems to be irresis-
tible, we ore told: I think the in-
difference of Congress is the cause.
In cither case, Congress is to be
blamed foT the present Money
Trust. The reforms I advocate have
been attempted time and again. No
person can possibly defend the
idiotic system that the Government
has in effect at this time of issuing
and distributing money for the
benefit of a privileged few. As the
hidden nests of corruption are dis-
closed the people's minds are al-
ways distracted In some way to
prevent the proper reforms being
made.
The Morgan Overdraft
Before America entered the war
J. P. Morgan's banking house was
financing Great Britain in the war
against Germany. Mr. Morgan
would sell England's bonds to Am
erlcan people and purchase goods
and supplies and send them to
England in return for her bonds.
Just before America entered the
war, however. Mr. Morgan had fur
nished England $400,000,000 more
in credit than he was able to sell
England's bonds to cover. This was
known as the Morgan overdraft
and was discussed in official com-
munications between the United
States and England. A clamour for
war was commenced on the eastern
sea coast; the few who first de-
sired war probably would never
have sold this country on the
theory that we should have enter-
ed the war had it not been for
their tremendous power through
the indirect and direct means of
control over the newspapers and
other means of communication in
this country. However, with these
great powers and privileges, and
through the use of all sorts of
propaganda, the people of this
country were led to believe that
they should enter the World War
The first $400,000,000 of the First
Liberty Loan was loaned to Eng-
land to pay Mr. Morgan. The House
of Morgan was saved but we were
in a War.
Government Farmed Out Great
Privilege to Private Banks
It is in the interest of Wall
Street to prevent the issuance of
Government money, if it is possible
for them to do so. It is stepping
an the toes of the big bankers and
is a step in the direction of Con
gress doing; that is, coining money
and regulating the value thereof
as required by the Constitution of
the United States. This great pri-
vilege of issuing money has been
fanned out to them by our Gov-
ernment, and they do not want
inything done that will be in the
lirection of denying them this great
privilege that is worth billions of
dollars and is probably the greatest
•acket on earth.
Bonus to Big Bankers
Our Government is paying almost
i billion dollars a year interest on
its own credit to holders of Gov-
ernment securities. It, ir not right
for the people to be compelled to
pay a penny of this amount. If
our Government were to borrow
money from a foreign country or
i foreign bank, it would be right
for our Government to pay interest
in the amount, borrowed, or if our
Government should borrow gold
from our own citizens to use in
international trade to promote the
nterest of our country, our Gov-
nnment. should pay our citizens in-
terest for the use of that gold.
Today, however, our Government
ioes not borrow money from a
oreign country or a foreign bank,
wither is it borrowing gold from
:ts own citizens; therefore, it should
lot be compelled to pay tribute,
interest, bonus, or brautity to a few
>ig bankers for the privilege of
ising its own credit. That is ex-
ictly what our oGvernmcnt in do-
me It is an imbecilic and idiotic
iystem that has grown up over a
period of years that cannot be
charged directly to any one political
>arty or any one individual. The
aeople have discovered this idiotic
•system. They have finally gotten
the truth. The ones who enjoy
these special privileges arc making
"very effort to becloud the issue,
deceive and mislead the people with
red herrings, and all kinds of pro-
paganda and down-right falsehoods
disseminated by their hired hands,
puppets, and easily misled citizens.
Constitution Advocates Silent on
One Paragraph
Article 1. Section 8. paragraph 5
of the Constitution of the United
Stater, says that it is the duly of
Congress to issue money and regu-
late the value thereof. Most of our
Constitution advocates never refer
to this particular section of the
Constitution. If Congress should do
what tnis section provides, most of
lur economic troubles would be
solved. Why does the American
Liberty ibond) League remain : 1 -
nt on this paragraph of the Con-
titution? It has much to say about
he Constitution, but nothing about
iiis particular paragraph. Why do
ill the newspapers and hirelings of
Wall Street that have so much to
n.v about Congress violating the
Constitution in different ways,
lever accuse Congress of failing to
any out this particular paragraph
if the Constitution? If that para-
graph is complied with by Con-
rresr, the depression will be over,
ind all temporary expedients may
jc immediately repealed and there
will be no doles, bread lines, or
made-work relief.
What Is Money?
One great economist, defined
money to be "that which passes
freely from hand to hand through-
jut the community in payment for
goods and in full discharge of
iebts. being accepted without re-
ference to the character or credit
if the person offering it, and with-
out the intention of the person who
receives it to consume it otherwise
ban in tendering it to others."
Suppose we did not have money.
If you had wheat to spare and
needed shoes, possibly you could
trade the wheat for tile shoes, but
not likely; you would probably
have to trade the wheat for hides
and then trade the hides for shoes.
This would be very inconvenient.
It, is much better that we have
srmething called money that has
i definite value measured in all
commodities in order that anything
may be exchanged for monev and
money may be exchanged for any-
thing. Money Is a standard or com-
mon denominator of value Monev
itself is ef no value; it is a simple
Scrip used la a The—in
Different commodities have been
used as money; knives were for-
mely used aa money In China; to-
bacco served the same funotlon to
Virginia; some other commpdltles
that have served this function are
wheat, bark, cattle, iron, and shells.
The Department of Commerce re-
cently made a survey and discover-
ed because of a necessity of money
over a thousand cities and groups
are using scrip and barter for mon-
ey; it was acceptable to the people
at these places in the absence of
a sufficient medium of exchange.
Hot Check Used as Money
Down at Farmersvllle, Tex., not
so long ago, a customer bought a
dollar's worth of goods from a mer-
chant. He gave a dollar check in
exchange for the goods. The check
was endorsed by the merchant and
transferred to 19 other people.
When it reached the bank it had
20 endorsements on it, and the
banker very promptly told the one
presenting the check at the window
that the maker did not have suf-
ficient funds to cover that dollar
check. Well, instead of each endor-
ser going back on the other endor-
sers and collecting the dollar and
letting those $20 in debts remain
unpaid, the 20 endorsers got to-
gether, each contributed 5 cents
apiece and deposited it to the credit
of the man who gave the check.
The check was promptly paid, and
the $20 worth of debts were paid
35 cents on the dollar.
In this crisis it seems like people
are using wooden money and hot
checks to good advantage when
they cannot have a sufficient med-
ium of exchange furnished to them
by their Government to do business
with.
Stable Money
It is desirable that we have a
stable dollar. Our farmers borrowed
money by voting upon themselves
road, school and other Improve
ment bonds when wheat was worth
$1.50 a bushel and cotton was worth
20 cents a pound. Later they were
called upon to pay these debts when
wheat was 40 cents a bushel and
cotton 5 cents a pound. This re-
sulted in the payment of $4, in
what the farmer had to pay with,
to every $1 borrowed; instead of
being called upon to pay the G-
or 10-percent interest they con-
tracted to pay, they were called
upon to pay the equivalent or 24-
or 40-percent interest in what they
had to pay with.
Supply and Demand of Money
Do not be misled into believing
that supply and demand of a com-
modity is the sole controlling fac-
tor in determining the price of the
commodity. Just as much depends
on the supply and demand ol
money and credit. If our cotton
and wheat farmers produce- only
one-fourth of a normal crop this
year and money and credit are
made scarce, high and dear, cotton
and wheat will be cheap.
Since the supply and demand of
money, which includes credit, con-
trols the price of all labor, services,
and commodities, our Government
should be careful about who con-
trols this great privilege. The peo-
ple are entitled to have someone
In charge of that great lever that
expands or contracts money and
credit at will who has their gen-
eral welfare at heart; no one should
have chargc of this lever who can
manipulate it in a way to make
profit for themselves to the detri-
ment of the general welfare. What
chance has a producer or wage
earner of this Nation to earn a de-
cent livelihood for himself and
family if the value of his products
or labor in fixed by someone who
has in mind making a profit for
himself?
Constitutional Mandate
The framers of the United States
Constitution in article 1, section
very wisely said:
"Congress shall have the power
to coin money and regulate the
value thereof."
This provision of the Oonstitu
Lion is mandatory. All Members of
Congress are sworn to uphold the
Constitution. Why has this pro-
vision never been carried out? The
answer is simple. In the early days
our national existence the people
were deceived into believing that
the subject of money was so mys-
terious and intricate that only a
few of the financiers understood
the subject, and therefore the great
privilege of issuing and distributing
money should be farmed out to
them. This was done and it has
never been changed, except to give
them more power and authority.
The strange part of it all is that
the ones who are the beneficiaries
of this great privilege are not even
charged with the duty of furnish-
ing the people a sufficient circula-
tion medium,
Fiat-Money Parrots
Do not blame the bankers for
this. They are not to blame; they
are doing what Congress has per-
mitted them to do; Congress should
be held responsible. However, when
Congress seriously considers print-
ing sufficient money to carry out
this constitutional mandate the
holders of this great privilege and
their satelites repeat like parrots
such phrases as "printing-press
money," "rag money,' fiat money,"
"baloney money," and "greenbacks."
They do not tell you that it is the
same kind of money that is print-
ed for them and that it will be
backed by the same security which
is the credit of this Nation. Let
me make a prediction. The people
are getting wise to such false, sel-
fish and greedy propaganda, and
will, before very long, compel their
Congress to change our idiotic
monetary system by complying with
the Constitution. I will admit, it
takes a long time to sell the people
of this Nation a good proposal.
Grrnianys Inflation
The inflation in Germany is
cited as evidence of what will likely
happen here if the power to Issue
money is taken away from private
corporations and restored to Con-
gress. The German situation is not
in point at all. In Germany the
people owed more debts than they
could pay. They could not cancel
the debts, but they could print more
money to pay them with. In fact,
that country deliberately printed
money until it. was worthless, so
their people could use the money
to pay their debts with and get
out of debt. They accomplished
their desires.
Our Aim
We do not desire to and will not
destroy cur monetary system, but
we do want the people to be allow-
ed the privilege of paying their
debts in dollars that are worth ap-
proximately what they were worth
when borrowed, and to restore to
Congress its constitutional duty
to coin money and regulate its
value.
AFTER
INVENTORY
Visit our stores and save money during our big
"AFTER INVENTORY SALE." The general trend
of merchandise is upward, however, our stores are
filled with merchandise bought at the prices of
1938, and you may be assured you will save money
by buying NOW. Never before have we been able
to offer you such bargains in furniture and home
appliances!
We are going to look for you to visit us and remem-
ber, we will trade with you!!
Living Room Suites
Bed Room Suites
Cedar Chests
Jenny Lind Beds
Wardrobes
Linoleum Floor Covering
Studio Couches
Occasional Chairs
Occasional Rockers
Knee-hole Desks
Coxwell Chairs and
Ottaman
Pier Stands
Book Cases
Smoking-Magazine Stand
Wicker Chairs
Wool Rugs
Philco Radios for City or
Farm Homes
Perfection Oil Ranges
Florence Gas and Oil
Ranges
Baltic Separators
Maytag Washers
Asbestos Heaters
Radiant Heaters
Steel Beds
Coleman Gasoline Irons
Spring-Air and Sealy
Mattresses
Floor Lamps
CRESCENT and
STANDARD RUGS
9xl2-Felt Base
$4.95
Genuine
GOLDSEAL and
ARMSTRONG
RUGS
9x12
$6.45
Economy
Corner!
Unusual Bargains
in Good Used
Furniture
Some good used
Furniture that is
worth money to
you. Your pick at
a low price!
Good used Gas &
Kerosene Ranges.
New Shipment Sealy Couches Just Arrived!
Superkx Oil Heaters At Low Prices!!!
CLARENDON FURNITURE STORE
CLARENDON, TEXAS
MAYTAG FURNITURE STORE
512 TAYLOR ST.
AMARILLO
Modern, Up-To-Date Printing: Plant
Here in Washington City the
Government owns and operates a
modern, up-to-date printing plant
for the purpose of printing paper
money and Government, securities.
It is the Bureau of Engraving and
Printing, employs 5,500 people, and
at one time got behind with its
money printing until it had to be
operated 24 hours a day. The ques-
tion is, Who gets this paper money;
how do they gel it; and who bene-
fits by its Issuance?
Zero Rate of Interest
Do such banks pay for the pri-
vilege of issuing these blanket mor-
tgages on the property and in-
comes ol' the people? The answer
is no. The Federal Reserve Act,
section 16, provides that they shall
pay an interest charge that may
be fixed by the Federal Reserve
Board. The Board fixed the rate
at zero. Therefore these 12 banks
have used the people's credit up to
the amount of $fi0,000,000.000 a
year turn-over for 20 years for'the
zero rate of interest. If they had
paid a reasonable rate of interest,
the Government woidd have col-
lected hundreds of millions of dol-
lars.
Practically all the money we
have in circulation today is money
issued by these banks. They use
the Nation's credit free to issue it,
but someone is paying interest on
it every day it is outstanding. The
only way the people can expand
their currency under this system is
to go into debt deeper and pay
more interest. The people owe $203.-
000,000,000 in debts now. During
the year 1932 the national income
was $40,000,000,000; that year when
we had less than $5,000,000,000 in
circulation, the people paid $10.-
000,000,000 in interest charges shown
People Should Ret Money-Minded
I hope the people get money -
minded, money conscious. Look at
the paper money in your possession
and do not stop investigating until
you know all ubout why, how. and
for whose benefit it was issued. It
is the one big problem; when it is
solved most of all our other pro-
blems will sink into insignificance.
Congress is the branch of Govern-
ment charged by the Constitution
with solving it or with submitting
to the Executive proposals to that
end.
Take The Government Out of Pri-
vate Business and Take Private
Corporations Out of The
Government's Business
Our Government, under the lea-
dership of a great President, Is
making a determined effort to re-
store prosperity to the people. Much
has been done toward helping wage
earners, laborers, farmers, home
owners, business, industry, and com-
merce. Debts have been scaled
down, extended, and interest char-
ges have been reduced. It Is almost
inconceivable that we can continue
this start on the road to recovery
without the Government having
control over its own media of ex-
change. The Issuance and distribu-
tion of money is a governmental
function. It never should have been
farmed out to private corporations;
since it has been, the Congress
should immediately rcassume this
great privilege and exercise it in
the interest of the people. Our
slogan should be "Get the Govern-
ment out of private business and
get private corporations out of the
Government's business." The first
step should be for the Government
to take over the 12 Federal Re-
serve banks and coordinate their
met I Title* with the Reconstruction
Finance Corporation; then the Gov-
ernment's credit can be used for all
banks—national, Slate, or private
—all business, all agriculture, all
commerce, and all people. Interest
rates can be substantially reduced
and the Government can obtain
considerable revenue by charging
a small sum for the use of its
credit; all governmental financing
can be handled through the new
set-up with-out charging the Gov-
ernment interest which will elimi-
nate the necessity for the issuance
by the Government of another tax-
exempt interest-bearing bond, or
to increase taxes.
Currency Instead of Bonds
A few years ago Mr. Thomas A.
Edison was inspecting Muscle
Shoals. He remarked that the Gov-
ernment should operate that great
project in the interest of the people.
He was asked if he favored the
Government borrowing the $30,000 -
000 necessary to make repairs. His
answer substantially was: "No; why
should the Government borrow its
own crcdit? If it issues tax-exempt
interest-bearing bonds and sells the
bonds to Wall Street bankers to get
the money, by the time the bonds
are paid the bankers will have col-
lected as much in interest as the
Government received on the bonds.
In other words, the bankers who
will not furnish an ounce of ma-
terial or a lick of labor will get as
much out of it as the men who do
the work and furnish the material."
Mr. Edison also said at the same
time: "Any government that can
issue a dollar bond, interest bearing,
that is good, can issue a dollar bill,
noninterest bearing, that is good;
the only difference is the bill is
easier to redeem because it does
not draw interest." No one can
answer Mr. Edison's argument.
Ilow Much Money Can The
Government Issue?
The Government has outstanding
today about $30,000,000,000 in bonds
and securities. Others are to be
Issued soon The interest this year
to be paid by the Government will
amount to almost one thousand
million dollars. A program should
be considered now that will call
for the gradual retirement of all
Government bonds upon maturity
or when callable with new cur-
rency and issue no more of such
obligations. It will be a simple pro-
cess. We will merely substitute one
form of Government obligation for
i another form of Government obli-
i gatlon. The stock argument against
] that is that every dollar issued will
go into the banks and upon each
dollar as a base the banks may
issue 10 credit dollars, which will
cause expansion of the currency.
That is true, but the argument may
be destroyed completely by chang-
ing the law allowing the banks to
use 1 dollar to issue 10; as the
actual money is increased, require
the banks to use a larger reserve
or prevent them from lending mon-
ey they do not have if the facts
and circumstances should warrant.
Many people who are against, issu-
ing a few billion dollars in money
are highly in favor of the banks
Issuing the same amount in credit,
claiming it will serve the same
purpose. It will serve the same pur-
pose. but an enormous amount of
interest would have to be paid on
the credit that would not nave to
be paid on the money, and besides
the banks could call in the c-vdlt.
deflate values, and destroy prices
as they did in 1920. They could
not control the actual money in
that manner; therefore, they are
against it.
How Will The Money Be Redeemed
The Treasury has sufficient gold
to be used as a reserve for the re-
tirement of a large part of this
money if a gold base is desired.
Silver may also be used. We have
and can obtain plenty of it for that
purpose, and at the same time help
our export trade. Neither gold nor
silver is absolutely necessary, as
the money Issued will he good for
the payment of all debts, taxes,
and import duties, although from
an international-trade standpoint
it may be desirable to use silver
and gold. It will be redeemable in
services rendered by the post office;
in payment of all kinds of taxes,
including income and excise; in
payment of all debts, including
debts due the Reconstruction Fin-
ance Corporation. We will be using
cash instead of interest-bearing
credit as a medium of exchange.
Money will go into channels of
trade and production. Instead of
i'lto tax-exempt interest-bearing
bonds.
Will Wage Earners be Injured?
It is contended that if more
money is issued the dollar will be-
come cheaper, which will be harm-
ful to the farmers and those who
live on fixed incomes. We can get
on a currency basis, instead of a
credit basis, without changing the
purchasing power of the dollar, but
most of us who advocate issuing
more money really desire the re-
turn of what may be termed a
cheaper dollar. As the dollar be-
comes cheaper real estate, common
stocks, cotton, wheat, raw mater-
ials, labor, and all goods and ser-
vices upon which there is no fixed
price increase in value. This will
enable the ones in these groups to
have additional purchasing power.
Let us see how much it Will af-
fcct the wage earner who receives
one of these so-called "cheaper"
dollars. He can use it to pay 100
cents on his debts, taxes, insurance,
rent, electricity, gas. water, tele-
phone, railroad freight, and pas-
senger rates, and all other bills,
goods and services upon which
there is a fixed and inflexible price.
Any adjustment will be in favor of
additional purchasing power which
will be in the direction of addi-
tional consumption of goods. The
factory employee will probably pay
a little more for eggs which will
enable the farmer to buy more of
what his factory produces. It will
be better for the wage earner to
receive a dollar that will not pur-
chase so much In certain commodi-
ties than not to have a Job which
will enable him to earn a dollar.
I much prefer to bring purchasing
power up to the point where our
surplus may be consumed rather
than force production down to a
very limited buying power.
Protect The Fine Jersey Cow
In other words, tliey are like the
farmer who was purchasing medi-
cine at the drug store. The phar-
macist was wrapping up the two
bottles, which had been filled in ac-
cordance with two prescriptions.
The fanner said. "Mark plain them
bottles, which is for the wife and
which is for the cow. I sure don't
want anything to happen to that
fine Jersey cow."
Our critics say, "Be careful about
who puts the money into circula-
tion. We don't want anything to
happen to the great and powerful
privilege that a few banks now have
to use the credit of the Nation
freely."
Although the money that people
have to pay with ha,s considerably
decreased, and the purchasing pow-
er of the dollar has gone up con-
siderably, property values have
been destroyed.
Take Hand of Greed From
Throats of People
There is only one way to take
this impossible and unfair burden
off the American people, ourselves,
and our children, and that is to
take from the throats of the Am-
erican people the hand of privilege
and greed.
Werld's Greatest Racket
The world's greatest racket Is
the abuse of the United States Gov-
ernment's credit in the interest of
a few.
• • ♦
Taken from Hearings before the
Committee on Banking and Cur-
rency, House of Representatives,
Seventy-Fifth Congress on II. R.
72.10, a Bill providing for Govern-
ment r.wnership of the Twelve-
Federal Reserve Banks and for
Other Purposes.
"Do that which Ls right and good
the only begotton of the Father."
Jno. 1:14.
"Lo that which is right and good
in the sight of the Lord; that it
may be well with thee." Deut. 6:18
"txxxiotatxMtxxiaoKssatxxxsooesxswxststxxxiotaKSsstxsooiassaotsi
eSej^
Have Your Eyes
Examined and
Glasses Fitted
where modern methods and up-to-date
equipment is available
Consult-
DR. L. N. PITTMAN
OPTOMETRIST
SPECIALIST IN OCULAR REFRACTION
AMARILLO, TEXAS
PHONE MM HI R. Ttfc St.
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.
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.
Waggoner, Thomas T. Claude News (Claude, Tex.), Vol. 50, No. 23, Ed. 1 Friday, February 3, 1939, newspaper, February 3, 1939; (https://texashistory.unt.edu/ark:/67531/metapth348814/m1/2/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Richard S. and Leah Morris Memorial Library.