Palacios Beacon (Palacios, Tex.), Vol. 14, No. 27, Ed. 1 Friday, July 8, 1921 Page: 2 of 4
This newspaper is part of the collection entitled: Texas Digital Newspaper Program and was provided to The Portal to Texas History by the Palacios Library.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
mm
BMS
■MM
♦ fit
f "
!< I.
'.V', '
m.
i ■
W>\. 'if
fl& -
Si
W
i:V-
#V<
Published every Friday
J. W. DI8MUKE8 Publisher
MISS MURIEL GREEN, Local Editor
Entered at the Palacios Post Office
as second class mail matter
ine year $1:50 Six months $1:00
'i ;iree months 60c Five cents the copy
WASHINGTON LETTER
By J. J. Mansfield.
Last week I promised to say
something concerning the recent
traffic upon the Mississippi river,
and the benefits that might result
to the people of southern Texas
by enlarging the lntracoastal
Canal to connect with that river
and its tributaries. In the early
days of this country there was an
immense traffic upon the Missis-
sippi, which in modern times has
been reduced to a minimum.
The reasons for this are not hard
to find. I will give one or two
illustrations.
Prior to January last the rail-
road rate on 100 pounds of sugar
from New Orleans to St. Louis,
a distance of 700 miles, was 44
cents; the rate from New Orleans
to Camden. Arkansas. 360 miles,
but inland, was 50 cents. The
rate on 100 pounds of hardware
from St. Louis to New Orleans
was 44 cents, while the rate from
St. Louis to Wiggins, Mississippi,
100 miles nearer, but 50 miles
inland from the river, was 87 cts.
All other rates over the lines
paralleling the Mississippi were
in about the same proportion,
and were on an average 50 per
cent below the rates to other
sections of the country. This
was also the case along the Ohio
and other rivers which carried
traffic.
The railroads lost a great deal
of money by these cut-throat
rates, which were, of course,
made for the purpose of destroy-
ing water competition. The
roads then made up for these
losses by levying exorbitant rates
upon all traffic to other sections.
Steamboats could not successfully
compete with such rates, and,
consequently, were forced out of
business.
A new line of transportation
has now opened upon the Missis-
sippi with every indication that
it will prove a success. 40 new
steel barges have recently been
installed, with a capacity of
2,000 tons each, and drawing
only about 4 ft. of water. They
are towed by a new type of
power boat with a draft of about
31-2 ft. Only two of these
power boats have yet been put
into commission, and one of them
the "Natchez" recently in one
trip from New Orleans to St.
Louis carried enough tonnage to
load 480 freight cars. It was
forced to compete with the low
rate made by the railroads along
the river, which was about 50
per cent of the average railroad
rate throughout the country.
Still, the "Natchez" during the
month of February of this year
made a clear net profit of $9,169,
These figures were given me by
Congressman Newton of St.
Louis, who optained them from
the Director of Transportation of
the War Department. Four
other similar power poats are
under constrnction and two of
them will be placed in commis-
sion during the summer.
The lntracoastal Canal has
been approved by Congress for a
depth of 5 ft. It is supposed to
extend from the Mississippi river
to Corpus Christi, and eventually
to the Rio Grande near Browns-
ville. There are several missing
links which prevent its being
used, and the appropriations
have been so scant that a 5 ft.
depth has uever been obtained
even on those sections which
have been dredged. A great
effort has been made to secure
appropriations for a 9 ft. channel,
but without success. If we had
only a 5 ft. channel brom Corpus
Christi to the Mississippi river
it would admit the type of boats
now in use on the Mississippi,
and place all of southern Texas
in direct communication with
the great Mississippi valley. It
would open up to us the coal
fields of Pennsylvania, West
Virginia and Tennessee (all of
which have water connection
with the Mississippi) at a rate
of not more than 50 per cent of
the railroad rate. This item of
coal alone would be of incalculable
benef't to all the people of south
Texas, and render coal far
cheaper than wood as fuel for
our homes. I mention coal
simply as an illustration. There
are many articles such as cement,
structure steel arid other heavy
material which could be handled
over the Canal, to say nothing
of our cotton and farm products.
Official Statement of the Financial Condition of the
Palacios State Bank
At Palacios, State of Texas, at close of business on the 30th day of June, 1921,
ipublished in the Palaeios Beacon, a newspaper printed and published at Palac-
ios, State of Texas, on the 8t.h day of July, 1921.
RESOURCES
Loans and Discounts, personal or collateral $ 801,032.29
Loans, real estate 56,998.92
Overdrafts 323.90
Bonds and Stocks 6,150.00
Real Estate (banking house) 12,481.82
Other Real Estate ........ 2,000.00
Furniture and Fixtures 7,732.16
Due from other banks and bankers, and cash 42,080.28
Interest in Depositor's Guaranty Fund 4.68G.42
Assessment Depositor's Fund 2 470.88
Other Resources 79 598.52
Total $515,555,19
TJ ABILITIES
Capital Stock paid in $ 50,000.00
Surplus Fund IZZ 25,'oooioo
Undivided Profits, net 4,120.45
Due to banks and bankers, subject to check 2,571.04
Individual Deposits, subject to check 267,843,82
Time Certificates of Deposits * 41,703.00
Cashier's checks 1,477.05
Bills Payable and Rediscounts, 35,000.00
Bonds Deposited 77,750.00
Other Libilities 10,088.83
Total $515,555.19
STATE OF TEXAS, COUNTY OF MATAGORDA:
We, J. F.Barnett, as vice-president, and John E. Wolf, as cashier of said
bank, each of us do solemly swear that the above statement is true and cor-
rect to the best of our knowledge and belief. J. F. Barnett, Vice-President
John E. Wolf, Cashier
CORRECT—ATTEST:
Jno. T. Price
Duncan Ruthven
P. F, Campbell,
Subscribed and sworn to before me
this 8th day of July, A.D., 1921.
M. K. Feather, Notary Public
Matagorda County, Texas .
Oh. Boy! Ami
4he lile
3
99
* 1
1 LIKE my Job.
* « «k-
►
AND EVERY once.
BUT DAYS do como.
ft ft ft
IN A whilo.
WHEN SKIES are blue*.
* * »
ROLL OVER.
ABOVE THE city smoke.
# # #"*
OR MAYBE sit ami think.
AND BREEZES stir.
* » •
BUT MOST likely.
THE PAPERS on my desk,
ft ft ft
JUST SIT.
AND THEN I think,
ft ft ft
AND EVERY onco.
WHAT 1 would do.
* ft ft-
IN A while I'd light.
IF 1 were boss,
ft ft ft
ONE OF my Cbentorfiolds.
I'D OPEN shop,
ft ft •
AND OH Boy.
AT TWELVE o'clock.
1 GUESS that wouldn't.
AND CLOSE at one.
SATISFY!
ft ft t>
WITH ONE hour off.
" ft ft ft
0
FOR LUNCH, and T.
ft ft ft
WOULD GET old Sam.
* * * i
TO RUN me out.
IN HIS bip six.
• ft ft
AND DROP mo off.
• ft ft
UNDER A proem wood tree,
ft ft •
BESIDE A babbling brook.
• • •
AND THERE I'd llo,
• ft •
pOMPANIONSTIT?? Say,
V_/ there never wm such a cig-
arette as Chesterfield for steady
compnnj?! .Tiist ars mild and
smooth as tobaccos ea?i be—but!
with a mellow "body" that satis-
fies even cipar smoker". On lazy
days or busy ones—all the tim'o
—you want thij "satisfy®
smoke."
Have yort gecn ihc neu}
AIR- TIGHT tins of SO?
We deliver
Association.
Feed. Farmers'
c
0
TTB8 '
Liggett & Myers Tobacco Co.
Honey Boy Ice Cream.
Nester Drug Co.
Hog wire for your Hog pas-
tures. Jno. T. Price Lmbr. Co.
If it isn't an Eastman it isn't
a Kodak. For sale by Nester
Drug Co.
Miss Alberta Bonnot of La
Ward is visiting Miss Racheal
Brown this week.
W
Green-Fox Garage
TIRES AND TUBES
KELLEY-SPRINGFIELD AND MICIIELIN
FULL MEASURE GASOLINE
FORD PARTS
GREEN-FOX GARAGE -*
PHONE 54 PALACIOS, TEXAS
■■mi
•mi*
.|ln«—°-HH H»»| nil—""Hit
BEAUTIFY YOUR CEMETERY LOT
■npi
A nice Monument will add more to this than anything you can do.
We have on hand a complete stock of the very best Monumental stock.
Orders placed now will be delivered in the early spring, or sooner if
desired. We buy in carload lots, thus saving 50 per cent on freight
chi+rges us well as a nice per cent off for car orders,
We can save you 25 per cent on any monument you may choose from
our large and complete stock. Please do not hesitate to write us for
any information pertaining to our line. Write for salesman to call or
for book and samples.
Bay City Monument Works
~B PHONE 338- BAY CITY. TEXAS,
llil ' —Hit »*»' Mil' 111! Hit HI
Kantleek Water bottles and
fountain Syringes guaranteed for
2 years. Nester Drug Co.
Chas. Graves, of Mangum,
Okla., spent the 4th in Palacios,
the guest of Miss Lenora Blazier.
Another shipment of New large
size Swim caps just received.
All colors all prices. Nester
Drug Co.
Perhaps your glasses need
changing. Do not delay. E very-
thing in Optical Goods.
h. C. BOYD
Jeweler and Optician.
We use Klenzo tooth paste cost
you 26 cts. per tube.
Nester Drug Co.
LlEET
July 11 to 15
IIIIIIBIII!IIBI!IIIH:l!IIH!IIIIIHIIIilMI!IIIIHI!IIIIHIIII!HIII!!lHI!IIH
MONDAY-
WALLACE REID
in
"Valley of the Giants"
Admission 10 & 23 cts.
TUESDAY—WEDNESDAY
Constance Talmadge
in
A PERFECT WOMAN
Admission 10 & 25 cents
THURSDAY-^FRIDAY
"LURE OF YOUTH"
A Metro. Screen Classic
with an All Star Cast
Admission 10 & 25cts.
"We Do It Now'
Telehone 101(1
The^
Voigt Machine Shop
Established 1807
BLACKSMITHS. MACHINISTS,
BRASS FOUNDERS
MARINE AND GENERAL REPAIRS
Oxy-Acetylene and Electric
Welding
2C05—2615 Mechanic Street
Galveston, Texas
Feather & Co.,
FIRE, TORNADO
AND A U I O
INSURANCE
Our facilities are the best, as Insur-
ance is our business, not a aide line.
OFFICE Palacios State Bank.
r
Why Bake
These Hot Days-
When you can get National Biscuit Cakes
such as:
Anolas, Nabiscos,
Sorbettos, Doris,
Snaparoons, Atlantics,
Fig Newtons, Chocolate Fingers,
Chocolate Puffs,
I- -- 1 Graham Crackers—
and you will even find others in our
air-tight glass bowls. They are
baked in Houston, so by our get-
ting them often assures you of a
good fresh cake, as well as a large
variety to select from,
You will notice the prices are somewhat
less than they ware, and even promise to be
still lower.
We Buy for Cash
Sell for Cash : Sell for Less
A. J. Tatum Grocery Co.
Phone 36
(St
J DC
a*
We All Do
Nearly everyone has to watch every
corner of expenditures to find ways to
save these days,
To those who have a checking account,
we say, "Look over last month's can-
celled checks and you can easily tell if
you have been extravagant."
If you have none to look over, this is,
a good time to start a checking account
at this bank, and you'll never regret it.
SERVICE WITH COURTESY
Palacios State Bank
PALACIOS, TEXAS
Office Hours : 9:00 u. m. to 3:00 p. m.
i
!
□ DC
ti
If
\
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.
Green, Muriel. Palacios Beacon (Palacios, Tex.), Vol. 14, No. 27, Ed. 1 Friday, July 8, 1921, newspaper, July 8, 1921; Palacios, Texas. (https://texashistory.unt.edu/ark:/67531/metapth411432/m1/2/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Palacios Library.