The Albany News (Albany, Tex.), Vol. 46, No. 30, Ed. 1 Friday, May 1, 1931 Page: 6 of 8
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ALBANY TRADES DAY
turday May 2nd.
t-f V
Watch our windows for Attractive Prices on
Seasonable Items—We have combined our
two stores and have corap! te stock
of everything
Trade in Albany and Save th Difference
Industry Cannot Spend Without
Profits
Thr railroad*' po<krthook prow> constantly thinner. Dunn? Janu-
ary thnr profit wan at the annual rale of 2.28 per <vnt on th<\ir in-
vestment, comparrd with 8.hi per cent in January, lfSO. Net opt-
rating income declined ahoul (2.,000,000.
The nation has looked to the railroad* as a bulwark both in time of
prosperity and in time of stress. Whenever farm prices po down, or
j *ny other major induslry is depressed, the usual course of action ;s
to lower railroad rates. Hut no one has as yet suiffrested that rail-
road rates be raised w'nen commodity prices are up.
When, more than a year ago, President Hoover was laying plan*
1 for stimulated industrial activity, leaders of the railroads were among
; the first summoned to the conference. They pledged themselves to
spend to the limit of their ability in order to maintain employment,
improve standards of cervice, and aid the general industrial situation.
During 1!<30, the poorest railroad year in a poor railroad decade, the
lides sp. nt on capital account, $!s~2,<i0s,000.
The railroads are no doubt flattered to be so highly regarded. They
would un«iuestionahl> be plc.;>>d to conlimn in their role as a hack
Bar the Dangerous
Automobile Driver
The Rexall Store
log of economic progress. Hut the fact remains lhal io spMWI IIIUIII'J1 !
and industry must have money to spend that, in ot'nei words, it n)u«t
make a fair profit. By throttling the railroads through overtaxation
and exclusive regulation, w. nrr placing a barrier in the path of \
prosperity.
THI TOWN WH«l l I LIVS ITS MT TOWN
Answering the Charges
■\ prominent critic of the electric industry who is a socialist in spir-
it. though not in label recently charged that electric utilities, in addi
tion to their fair profit*, actually iiijiK■ • excess profits of between mv-
en 'nundred and fifty million and a liillion dollars a year «t the ex
peiise of the consumer.
Yet, Manager l'aul Clapp of the N'ational Kleclrir Light Associa-
tion, states that utilitie of the nation, in 192'.), had a total profit of
a good deal less than a billion. In other words, if they had earn'd
nothing at all, the critic, according to his own statement, would still
contend they were overcharging the (uinlic.
The same critic said that the hook vnhnv of utilities have increased,
often by large amounts.
So they have. Hut, as Mr. Olapp points out, o ha- the hook value
of Manhattan Island which was purchased from the Indians for $21.
Would the critic advocate that the island should still be assessed at iv
original value?
The critic charged that a group of interlocking companies con.*ti
tutc a power trust and control the utility industry.
But, according to Federal Trade Commission Investigation, no on.'
company, group or combination controls more than 12 per cent of the
nation's electrical energy.
The critic charged that the taxis paid by utilities were "only a
negligible quantity in the equation."
TViosv taxes total $200,000,000 a year, which to most people prob-
ably doesn't seem so negligible.
And so it goes. Perhaps the reason .socialism isn't making greater
headway in this country is that the public has learned to take the
statements of its advocates with several barrels of salt.
TNt TOWN WHIM I uvt- ,T S MT TOWN
Subscribe for The Albany News
During 1980, S2..S00 people
were killed in automobile aoei-
dents, a* compared with 31,2IS in
1929, according to the Traveler*
Insurance Company.
During 1930, 12,600,000,000
gallons of gasoline were consum-
ed, as compared wit'n almost 14,-
000,000,000 in 1929.
In other words, automobile fa
talitic* increased over four per
cent, while use of gasoline-—an
accurate barometer of mileage—
decreased about ten per cent, The
only possible conclusion- is that
each year the highways grow-
more dangerous.
This may be laid to a multitude
of reasons. Car speeds are in-
creasing, and in many instances
highways are inadequate for mod-
ern, congested, fast-moving traf-
Church of
SUNDAY
10 -00 A. M.—IN We
11:00 A. M.— Preachir
munion.
7:18 P. M.—PrMtthln*.
WEDNESDAY
7 :S0 P. M.—Bible Class.
Everybody invited t com*.
I have first yew Kaseh
seed grown on my farm for
Recleaned and sacked fl.00
bushel.—F. W. Alexander, 1SJ
WANTED—Grass in Shackel-
ford or Throckmorton Counties '
run 500 stock cows May 1st.
I T. Crofts, 4110 Ave. F, Aurtl*
Texas. 26-Stpd
fir,Of greater importance, (fllTI'
are unquestionably thousands of
people now operating cars who
are temperamentally or physical-
ly unfit.
In .states which have adopted
strict examination laws for driv-
ers, licenses h:i\' been refused !o
an appreciable perc< lit age of ap-
plicants. As n result, the acci-
dent rate in those states has usu
ally gone down while increasing
in statxfe where licenses are issued
to all who wish them. The over-
whelming percentage of drive.'
are reasonably careful and co. i-
potent. The small percentage
who are congenita I ly careless a?i i
incompetent cause our gig.in.ic
death record, and are a constur
menace to lives and property of
all who drive. Kvory state shou'd
take steps to make certain that
every possessor of a driving li
cense is reasonably fit to u:,'
public highways.
FOR SALE—Six room hou «,
2 flocks of court house, $2,600,
$250.00 cash, libera! terms on
balance.—205-206 Newell Bldg.,
Hereford, Texas. tf.
BALLARD'S
Snow linimen
SANDERS DRUG STORK
Stomach Trouble*
Headstctn
Dizziness
Tf your stomach is sick, you ai* Ml
all over. If you can't digest your toad,
you lose strength, get nervous and few
as tired when you get up as when ywi
went to bed.
For 10 years Tanlac has restored
to health and activity many thou-
sands who suffered just as you do.
Mr. Daniel Vinciguerra, of 620®
Stiles St., Philadelphia, Pa., says: "I
have not had a dir.xy Rpell or a head*
ache since taking Tanlac. My nervw
are in better shape and I can enjoy 1
a good night's sleep,"
Let Tanlac help you too. It cor-
rect* the most obstinate digettivn
troubles relieve# gas, pains m the
stomach and bowels, restores appe-
tite, vigor and sound sleep.
Tanlac is made of roots, barks and
herbs. Costs less than 2 cents a dose,
(let a bottle from your druggist today.
V our money buck if it doesn't help you.
SEGLER'S NEWS'
STAND B
Will carry a full line of MatJk
zine , Smolni, Candy, Chewii^f
Gum, Bottle Drinks and
other Novelties.
1 THIS IS THE PLACE TO GET
YOUR STAR TELEGRAM
L. W. SEGLER, Mgr.
letoMsitetseeteetsMteeeMMststi
Me In Albany
Buy your bread from Good Eats Bakery—
While it's Fresh. A first-class Bakery—
A home institution—Pies and cakes while
they are fresh —Just like mother use
to bake down at the old homestead-thank you
Whitney
STEAM
LAUNDRY
Homer T. Bouldin
Attorney-at-Law
ALBANY NATIONAL
BANK BUILDING
ALBANY, TEXAS
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BAKERY
k'
Soft Water Launderers
Odorless Dry Cleaners
J.IHinchman
Physician & Surgeon
Office over Albany Natl Bask
imj Phoae 17
Night SM
OR. D. C. McCORD
DENTIST
X-Ray Diagnosis
Phone 80
Albany, - — Texas
Albany Lodge No 482
A A. F * A. M.
Jmp Stated Meeting Friday Night
on or before full moon.
J. 0. HYDE, W. ML
G. B. KING, Secretary
G. B. KING
Attorney-at-Law
PHONE 532
ALBANY, TEXAS
I . 01 Albur
f .l Mull
VafM
L
-««• "[ l-'W.
Home Owned
ALBANY. TEXAS
Phone 280
GILES HARRIS
Attorney-at-Law
Notary Public
20* Albany National Bank
Building
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McCarty, Richard H. The Albany News (Albany, Tex.), Vol. 46, No. 30, Ed. 1 Friday, May 1, 1931, newspaper, May 1, 1931; (https://texashistory.unt.edu/ark:/67531/metapth401421/m1/6/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting The Old Jail Art Center.