The Denison Press (Denison, Tex.), Vol. 32, No. 25, Ed. 1 Thursday, December 31, 1959 Page: 1 of 6
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LAKE TEXOMA REPORT
Water level 616.19. Water temperature 50
Barometer 30.20, rising
Winds southerly, 15 mph, partly cloudy
55-36-58
The Denison Press
VERSE FOR THIS WEEK
Even so every good tree bringeth forth
good fruit; but a corrupt tree bringeth forth
evil fruit.
i
<•
(»
REPRESENTATIVE OF UNITED PRESS
DENISON, TEXAS, THURSDAY, DECEMBER 31, 1959
ALONG THE
NWS
■T THE EDITOI
9 Let judgment fall heavily
Just ns the newspapers of Tex-
as were heralding the urge of our
Texas governor,
Price Daniel, for
the people of
our state to use
unusual care in
driving their
cars in order
that t j e s of
home might not
be broken dur-
ing the Christ-
mas h o 1 idays,
which should be the happiest sea-
son of the year, here in Denison,
ns a case in point we are all
shame-faced, as well as deeply
grieved and horror stricken.
It is because of the seemingly
utter carelessness and almost bru-
tal unconcerned indifference for
the safety of the life of others.
Not caring to withhold the dare-
devil jn their own makeup as to
their own safety as they sit at
the wheel of death, they plough
their machines into helpless par-
ties along the roadside, while such
parties have stopped for a mo-
ment to give a lift to a stranger
whose car is in the ditch.
Not caring to withhold the
dare-devil in their makeup as to
their own safety as they sit at
the wheel of death, they plough
their machines into helpless par-
ties along the roadside, while such
parties have stopped for a mo-
ment to give a lift to some one
whose car is in the ditch.
The rase here Saturday is
enough to stir the blood of re-
sentment to the depths and push
the enforcement officers still fur-
ther forw’ard in their unrelenting
determination to make a specta-
cle of such dare-devil actions that
sniff life in an instant and leave
empty chairs and places in
homes where family members are
needed and loved.
And to add to the mercilessness
of the situation, the driver of the
death car did not stop to see what
blood he had spilled, nor to what
little extent he might go to lend
a hand.
The Priest and the Levite in
Luke’s story showed no mercy,
hut they at least “passed by on
the other side.” They did not
leave wounded and dying men by
the wayside.
The death car driver had not
one drop of the blood of caring
for others as did the Good Samar-
itan.
If judgment must begin at the
house of the "well-to-do” what
must it be in the ranks of those
with no humanitarianism to ex-
press?
9 Denison's police shortage?
Are we short on police enough
to take care of the average need
(See ALONG THE, Page 6)
Elder yields Jim
Whiting gavel as
head Kiwanians
As the last order of business at
a full session of business and in-
teresting reports Tuesday, the
gavel belonging to the president
of the Kiwanis club was yielded
to the new and incoming head,
Jim Whiting. The retiring pres-
ident, Lee Elder, was loudly
praised for his splendid and or-
derly work done for the club
while serving the past year.
Yielding of the gavel was only
an informal step awaiting the
event when the club will, in a
more dignified and finished man-
ner, observe the usual annual
change in the administration.
Under the leadership of Mr.
Elder, a report was handed to
members of the club which was
a source of pride to every one
of the group and a rising vote of
thanks was given Mr. Elder.
In a fitting manner, the in-
coming president, Jim Whiting,
who has been a strong support
to the past president, was pre-
sented and an official induction
into his office will be observed
later on at an evening session of
the club.
Under the leadership of Elder
more than 25 different projects
or worthy causes have been sup-
ported by the club, each one of
the programs of work being man-
ned by the members. Their serv-
ices have ranged from Christmas
toys for children, meals for aged,
education for the young, live-
stock, advanced education, med-
ical treatment, Camp Fire Girls
project, athletic activities, educa-
tional projects, livestock shows,
until practically all varied activ-
ities of an active community life
is covered.
In carrying on this work among
the various fields a total expend-
iture of above $4,000 has been
raised and expended. The club
has kept currently sound finan-
cially with a balance on hand of
$2,768.37. Most of this Is in a
building fund for the home plan-
ned to he enlarged for the Camp
Fire Girls.
Listed as its seven activities
during the last year are Chili
day, Watermelon day, Texoma
Bowl day, Ford gum ball ma-
chine, Halloween gum sale, pet
show and miscellaneous receipts.
Miss Pat Ward was presented
as being the new musician leader
for the club who will direct the
vocal work and instrumental num-
bers of the Kiwanians.
Denison hope
for oil well
looms bigger
The hope held in the breast of
Denisonians who look for oil in
the area to the west and north-
west direction from Denison, have
somewhat been given occasion for
rising this week. The occasion be-
ing that hopes are held when the
test is applied to see w'hat is be-
neath all that rock that amounts
to nothing short of black onxy as
to hardness.
Shooting with dynamite is not
the step proposed, it is stated,
but with all signs that seepings of
oil are showing, to shoot it with a
shot of dynamite is too heroic.
There are some 1555 feet of hard-
est of sand in which the drill has
been operating for some weeks.
The well is now down something
like 12,500 feet in the sand, and
to the hard sand strata which is
defying the hardest bit.
Conservative men of the oil
field hold highest hope, but hedge
by withholding extravagant state-
ments which only the novice em-
ploys.
It is known to men who lived
for years in Breckenridge, Goose
Creek, Cisco, area who have
checked with seismographs here
in this area, that there is every
reason to hold high hopes for one
of the greatest discovery wells in
this general area from a north-
west to a southeasterly direction.
The bit will tell, as oil men say.
Denison
Police
Blotter
First Christian to
start Sunday night
services this week
After a lapse of several
j months, First Christian church
| will begin evening services each
| Sunday night starting this Sun-
day.
A program of evening services
will be started with a School ,,e
Missions during the month of
January. Rev. William D. Hall
lirite College of the Bible at
TCC in Fort Worth, where lie is
a professor of Missions, will be
tirst guest speaker for the Sun-
day night series. Services will
start at 7:u0 p. in.
On Sunday night of Janua'-
10th, Rev. H. Faar Armstrong,
well known mission authority,
will speak on the theme of Mis-
sions and World Outreach in the
Disciples of Christ brotherhood.
Mrs. George Cherryholmea,
former missionary to Thailand
and the Philippines, will be
speaker for the services on Sun-
day night of January 17th, Re''
and Mrs. Cherryholmes, returned
missionaries who served !»»'>*
years in the South Pacific and
Near East areas, two years ago
accepted a call to the First Chris-
tian church in Plano.
Rev. Hall will return on Sun-
day night of January 24th for a
second message, and show pic-
tures of his world tour of mis-
sion stations sponsored by Chris-
tian churches.
H. Daniel Morgan, minister,
will be in charge of special eve-
1, ing services on Sunday night of
January 31st, which will launch
regular Sunday night services at
First Christian church.
Mrs. Allene Waltz, chairman of
World Outreach and Missions f«r
the church, and members of her
functional committee, have hel<«-
ed arrange details for mission
guest speakers during January
Copy phoned by the
people daily to the
police department
December 25
Lady called to say fight going
on at 739 E. Main . . . Officer
Ross placed party in jail . . . Auto
accident Armstrong and Chand-
ler ave. . . . Want police at 300
N. 8th ave. . . . Pickup reported
parked in street at Woodard and
Tone . . . 1951 Dodge reported
stolen at Sherman; KW-7032,
black over steel gray. All officers.
. . . Base of a ladies Schick ra-
zor reported stolen from car of
John P. Jones P.A.F.B. Also box
of candy and pouch of hand tools
for mechanic . . . Three spools
barbed wire reported stolen from
Freddie Winchester, 330 E. Shep-
herd street. Theft some time in
past month.
December 28
Fireworks all over the place re-
ported—but it was Christmas
time and most of Denisonites were
not too exacting in enforcing—
they wanted all to be careful . . .
Auto accident Sears and Austin.
. . . Reported three teenage boys
throwing rocks at an old man at
Houston avenue underpass . .
O. H. P. Durant request officer
contact Gian Bramlett, driving
cream car loud, 1950 Ford, Texas
licence, No. unknown. Advise
him to return to Stewart service
station, Caney, Okla. . . . Car
parked in middle of street 500
block So. Eddy. Checked and car
gone . . . Sherman P. D. wanted
message delivered (Harrelson).
. . . Bunch of keys found at top
of Texas marker south end of
R R. bridge. Keys tagged and
left with Denison police office.
. . . Auto accident highway 75-A
north . . . Burglary reported at
Weldon Cole residence.
Helenea
Weldon Cole residence, 4999
Helen Dr., entered. Cheek reveal-
ed hat, two shirts, petticoat, and
other articles missing. Burglar
scared away . . . Milton Ritchey,
2021 Juanita drive, reports theft
of four 3-bar flipper type hub
caps . . . Howard Chumbley, 218
W. Hull, reports theft of two 3-
bar flipper type hub caps . . . Re-
quest for officer to come to
Vaughan Drive . . • Complaint
from 100 block E. Prospect . . .
Pad accident reported from Sher-
man.
7:05 a. m. Drunk reported
driving north on highway 75 at
Austin avenue. In Ford car, '59
model, red color.
December 30
Officer Duckworth placed sub-
ject in jail for vag from 100
block W. Main . . . Auto acci-
dent reported in 1300 block S.
Mi rick (Fisher) . . . Report of
boys shooting BB guns at Cotton
Mill addition behind Coffey gro-
cery . . . Auto accident Hull st.
and Rusk ave. . . . Auto accident
1000 block S. Mirick (Harrelson)
. . . Auto accident 1000 block S.
Armstrong . . . Shifts 1 and 3
asked to keep close watch over
114 S. Rusk ave.
Man called from 2572 Loy Lake
road, reported pickup stuck in
his front yard. On this call case
outside of city limits.
Hundreds of truck
owners are
Youth week in
Texas set Jan.
3-9 by Daniel
AUSTIN — Gov. Price Daniel
has proclaimed Jan. 3-9, 1960, as
Youth Power Week in Texas, urg-
ing “that this week be dedicated
to a stock-taking of the nutritional
needs of every family.”
The proclamation is part of a
campaign by the Texas Youth-
power—Food Comes First com-
mittee to promote better nutri-
tion among young people. This
committee, headed by H. C. Brin-
koetcr, Beeville, District 10 di-
rector of the Texas Farm Bu-
reau, is composed of representa-
tives from agricultural groups,
restaurant associations, and food
manufacturers, processors, whole-
salers and retailers.
The committee is in the proc-
ess of selecting outstanding
young people to attend a “Youth-
power—Food Comes First” break-
fast Jan. 9 in Austin. Top win-
ners in an essay contest will be
invited. Then, one boy and one
girl will be chosen from this
group to represent the state at
the National Youthpower Con-
gress Feb. 11-13 in Chicago.
Here is the text of the gov-
ernor’s proclamation;
“The health and fitness of our
youth, founded upon an adequate
understanding of nutrition, is one
of our most vital resources.
“An important requisite for a
sound body and mind is an ade-
quate, balanced diet composed of
nutritive foods available to the
public in abundance. The success
and energy which characterizes
the people of Texas is based in
great part on the high quality
and diversity of our food supply.
“The Youthpower Committee of
Texas is contributing effectively
ot the goal of youth development
for future leadership by awaken-
ing an interest among our teen-
agers in the importance of good
nutrition, proper diet, and better
eating habits. This program will
be of lasting benefit to all citi-
zens of our state.
"Therefore, I, as governor of
Texas, do hereby designate the
week of January 3-9, 1960, as
Youthpower Week in Texas, and
urge that this week be dedicated
to a stock-taking of the nnutri-
tional needs of every family, and
further urge that our physicians, |
nutritionists, educators, youth and
civic organizations make special
el fort to call public attention to
the importance of an adequate,
nutritious, and balanced diet to
the greater well-being of the peo-
ple of our state.
“In official recognition where-
of, I hereby affix my signature
this 10th doy of December, 1959.
(Signed) Price Daniel, Governor
of Texas.”
VOLUME 32—NO. 25
New $20 million T. P. & L. generating
Power Plant Denison-Bonham area
behind
with federal tax
Four thousand letters are be-
ing mailed to North Texas truck
owners, according to Herbert
Clerk, administrative officer of
the Sherman, Texas, office.
A comparison of state regisra-
tjon records and the Internal
Revenupe Service records reveal-
ed that most of these taxpayers
are delinquent in filing and pay-
ing the federal highway tax. Mr.
Clark explained that it appears
that many truck owners did not
seem to understand that they
were subject to the federal high-
way use tax.
He further explained that the
letters to truck owners contain
full instructions on how to pre-
pare a return and pay the tax.
He invited truck owners, who
have questions or who do not
understand the letter of instruc-
tion, to visit the Internal Revenue
Service office for further help.
Race track; A place where win-
dows clean people.
Bandits with
drawn weapons
stage holdup
With a suggestion that "wo
mean business’’ and added that
they wanted the cash, two ban-
dits made bold by their loaded
weapons and an unarmed store
keeper robbed a Denison man Sat J
urday night while traffic was at I
its most brisk point. They got
away with $700.
It was one of Denison’s many
drive-in grocery stores, any one
of which is an easy offer for a
job for a man with a gun.
While three employees of the
Clay’s drive-in grocery were busy
waiting on the trade Saturday
shortly after midnight or about
the 12:10 a. m. Sunday hour, the
two gun-laden men came in, tied
up the hands of the three em-
ployees, forced them to the floor
and ordered them to remain un-
til they made their get-away.
Paul Cherry, 30, the store’s as-
sistant manager, told police that
M. L. Taul, 30, and Bobby Wal-
lace, 15, were helping him count
the money when a young man
walked into the store waving a
pistol and said, “Lay down on the
floor.”
The employees told police that
a second man came into the store
and twisted the Wallace youth’s
arm until he fell to the floor.
Police quoted Cherry as saying
the pair took about $500 in two
money sacks and got the other
$200 from the cash register he-
fore he heard the bandits leave
in a car.
Credit unions
pay millions
in dividends
Between $11 and $13 million
will be paid out in share divi-
dends by Texas credit unions
during December and January,
according to James M. Barry,
managing director of the Texas
Credit Union League, Dallas.
Sharing in the dividend pay-
ments will be an estimated 650,-
000 members of nearly 1,160
credit unions in Texas.
In 1958 the credit unions in
Texas paid out an estimated $10,-
000,000 jn year end share divi-
dends to their members on some
$221,610,950 in savings.
Mr. Barry said that 4 to 5 per
cent will be the most common
dividend rate by credit unions
this year. Top rate on credit
union members’ shares is 6 per
cent.
In addition interest refunds
are growing in popularity with
Texas credit unions. In 1958
there were 167 credit unions in
the state making interest refunds
of from 1 per cent to 30 per
cent. The most common refund
figure was 10 per cent of inter-
est paid. Mr. Barry said that
last year some 1,396 federal cred-
it unions in the nation returned
over $4.4 million to their borrow-
ers in this fashion.
“Despite the tight money mar-
ket,” Mr. Barry declared, "cred-
it unions will not increase their
interest rates on loans.” These
me limited to a maximum of 1
per cent per month on the un-
paid balance of the loan.
Credit unions are non-profit
financial institutions organized
by groups of people having a
common bond for the purpose of
saving their money together and
making low cost loans to each
other.
Mutual help rendered
The groups are formed under
either state or federal law and
are fully supervised by govern-
ment agencies.
In many instances the credit
unions furnish borrowers insur-
ance on all loans at no cost to the
borrower, and also supply free in-
surance on their savings shares
up to $2,000.
Texas credit union members
are saving their money at a rec-
ord rate, according to Barry, and
year end figures are expected to
show sizeable increases in credit
union savings shares and total
assets.
In the past year Texas has
moved from sixth to third place
among the state in number of
credit unions, ranking only be-
hind California and Illinois.
W. W. lynch
7 illicit stills
fall as hounds
if law pursue
Denison’s need
for additional
police is met
In line with the realizel need
tor additional men to staff the
Denison police force, announce-
ment was made over the weekend
of tlie police department under
Chief of Police Borum being ex-
panded.
The increase will make the to-
total in men as of Feb. 1, 1960,
the largest in the history of Den-
ison, it is announced. While
.somewhat short of what is need-
ed to measure up to cities of like
size of this general area, it is the
tops for Denison. When the
final addition is announced by
February 1st Denison will have a
total of 20 men on the job guard-
ing the peace of Denison folk.
Denison police are under the
civil service schedule and the
tests submitted for men to meet
are exacting to the extent that
only good men can make it
An additional pay increase
goes along with the new year.
Rookies will receive $260 on be-
ing installed and after six months
a salary of $275 is provided and
at the end of one year a salary of
$295 awaits them. Length of
years aho means added gains in
salary and a final retirement
with pay.
The Texas Liquor Control
board inspectors in November re-
ported seizure of seven illicit
stills.
With the stills, which had a
cubic capacity of 490 gallons, in-
spectors captured 785 gallons of
mash and made three arrests. One
gallon of moonshine liquor was
destroyed.
One still was taken in Chero-
kee county, three stills in Harri-
son county, one still in Lamar
county, one in Marion county,
and one in Rusk county.
The 18 enforcement districts
reported a total of 488 criminal
complaints filed during the month
with 351 convictions resulting in
24 jail sentences and fines and
costs totaling $35,942.70. Total
number of dismissals was 61.
There were 244 cases in wet
areas and 159 non criminal com-
plaints submitted for action by
the administrator. There were
two acquittals in the dry areas
and there were three acquittals in
the wet areas during November.
A total of 144 convictions were
obtained in dry ureus compared
with 207 convictions in wet areas
for the month of November.
Criminal complaints totaling 244
were filed in dry areas during No-
vember.
Fees were collected on 111
liquor permits and 2,299 beer li-
censes in November.
Hearings before the adminis-
trator totaled 448 on complaints
against the permits and licenses,
resulting in 118 cancellations, 278
suspensions, 47 dismissals, three
refusals of application, and two
reinstatements.
Permits and licenses totaling 77
were voluntarily cancelled.
Self-help at
lax paying
time
is urged
Taxpayer self-help will again;
be urged by Internal Revenue
Service during the income tux fil-
ing period from January 1 to
April 15, Herbert Clark, admin-
istrative officer of the Sherman
office, said Tuesday.
“Self-help,” Mr. Clark explain-
ed, "means that we ask the tax-
payer to complete as much of his
1959 return as possible before
asking our help. This saves the
time of 5RS people who, in turn,
save tarpayers’ money when un-
interrupted from their routine
duties of seeing that every tax-
payer bears his fair share of the
tax burden.
The revenue representative
levealed that many tax problems
can be solved by studying the
comprehensive instructions that
accompany federal income tax
forms for 1959 or by telephoning
the IRS number, TW 2-4747.
“Special taxpayer assistance
day is every Monday, from 8:30
a. m. to 12:30 p. m. On that
day,” Mr. Clark said, “we have a
full crew aboard to give whatever
individual or group help is
needed.”
The IRS office is located in
II. S. Post Office Bldg., Travis
and Pecan street, Sherman, Texas.
Texas Power & Light Com-
pany’s plans for constructiion of
new facilities, including prelimi-
nark work on a new generating
station in North Texas, will cost
approximately $20,000,000 in
1960, according to a statement is-
sued by W. W. Lynch, president.
The company spent $16,000,-
000 in 1959 for construction, he
said. A portion of this expendi-
ture went into the recently com-
pleted Lake Creek generating sta-
tion near Waco, and the remain-
der for building new power lines,
new office buildings, substations
and other facilities.
The new generating station in
North Texas is to be built near
Bonham and is scheduled for op-
eration in 1962, unless there is
need for this plant sooner, in
which completion date could be
moved up, Lynch stated.
Regarding the future, the ex-
ecutive pointed out that present
plans call for facilities to supply
double the 1959 system load of
768,000 kilowatts by 1965 when
the TP&L company plans to have
a total capacity of 1,770,000 kilo-
watts.
Anticipate power needs
“Our plans anticipate electric
power needs of this area as far
as 20 years in the future,” Lynch
said. “We are continually study-
ing possible future needs and at
the same time planning installa-
tion of whatever power facilities
will be required to supp'y those
needs.”
Lynch stated that a similar pro-
gram of building and planning for
future electric power needs is
carried on by electric utility com-
panies throughout the United
States, adding that therein lies the
reason this country has never had
an electric power shortage and
likely will not have one in the fu-
ture.
He pointed out that recent
printed statements by public pow-
er advocates who had been to Rus-
sia were inferring that the U. S.
would soon fall behind Russia in
the production of electricity.
“This is far from the truth,”
he asid. “Representatives of the
industry report that there is no
indication that the Russians will
be able to catch up with the
United States at any time in the
foreseeable future. The Russian
goal calls for about 110 million
kilowatts by 1965. In 1965, the
U. S expects to have 245 million
kilowatts, to lead Russia by more
than 130 million kilowatts,” he
said.
Keeping record straight
The TP&L president added that
these erroneous news releases are
obviously aimed at conditioning
Senator Roberts is
promoted, ordered
to six weeks duty
State Senator Ray Roberts of
McKinney has been promoted
Captain, U. S. Naval Reserve,
and has been ordered to a six
weeks active duty tour in the
Bureau of Personnel at Washing-
ton, D. C., on January 6th.
Senator Roberts, active in
USNR programs and a past na-
tional officer in the U. S, Nav-1
Reserve organizations, served his
immediate past tour of duty dur-
ing the Christmas holidays 1
year at sea with a Navy Task
Force in the Atlantic.
Should Governor Price Daniel
call a special session of the Texs*'
legislature early in February,
Senator Roberts, who will likely
still be on active duty orders,
may have to miss the first few
days of a special February ses-
sion.
LAW RULED LEGAL IN
[SPITE WRONG SPELLING
Attorney General Will Wilson
has held that the new marriage
law enacted by the last legislature
was not unconstitutional on ac-
count of a defective caption.
The opinion stated that the
original license may be returned
to the couple after it has been
recorded by the county clerk.
The opinion on the wording of
House Bill 48 was requested by
Williamson County Attorney J. R.
Owen after confusion arose about
returning the license.
people to accept and support more
appropriations for government
power projects. He said the im-
pression may be created that more
government power projects are
needed, despite the fact that in-
vestor-owned companies now have
u 27 percent margin of reserve
power, a record of no power
shortages in the past, and no in-
dication that there will be one in
the future.
“A good indication of a na-
tion’s total productive capacity
and the well-being of its people
is kilowatt-hour use per capita,”
Lynch -aid. “The Edison Electric
Institute reports show that for the
United States in 1959 this was
4,481 kilowatt-hours compared
with 1,161 kilowatt-hours per cap-
ita estimated for Russia. The
Ru dan goal for 1965 is about
2,100 kilowatt-hours. This com-
pares with a forecast of about
6,000 for the U. S. in 1965.”
Lynch said TP&L and other in-
vestor-owned companies are mov-
ing ahead in the development of
nuclear power.
TP&L and ten other Texas elec-
tric utility companies are spend-
ing $5,000,000 on a four-year
program of r esearch of methods
which may make possible the eco-
nomical generation of electric
power through controlled fusion
energy. This program was begun
in 1957 with the General Atomic
Division of General Dynamics
corporation.
He added that TP&L Company
is far along in the development of
a lignite research program with
a view to possibly using lignite as
a fuel in the future.
Billions for power
Aero s the nation private util-
ise- will have spent approximate-
ly $570,000,000 by 1965 in the
planning and construction of nu-
clear power plants and about
$82,000,000 in research and de-
velopment, he stated. He con-
cluded that this $652,000,000
would be in addition to expendi-
tures for construction of new gas
and coal-fired plants that now
produce most of the nation's elec-
tricity.
Lynch pointed out that the re-
ports issued by the public power
advocates who visited Russia em-
phasize hydro-electric develop-
ment almost entirely. ‘ But Pre-
mier Khrushchev recently an-
nounced that the Soviet Union
plans greater emphasis on steam
plants in the future. The new ca-
pocity expected in 1965 is to be
about 85 percent steam and 15
percent hydro. The Russians have
iound, as we have in this coun-
try, that, with notable exceptions,
electric power can be made more
economically from steam. They
also failed to mention that Amer-
ica now has about three times
the hydro capacity of Russia, and
that both countries now have
about 80 percent of this capacity
in steam and 20 percent in hy-
dro,” he said.
The Edison Electric Institute
year-end review shows there was
a record increase in capability of
15.3 million kilowatts on the na-
tion’s utility systems during 1959.
Of the total increase, 11.8 million
kilowatts were on systems of in-
vestor-owned electric companies,
and the remainder on systems of
government agencies. The new
additions increased America’s
electric utility generating capabil-
ity to 164.8 million kilowatts at
the year’s end, which figure is
10.3 percent higher than the
149.5 million kilowatts for 1958.
U. S, leads the world power-wise
With a 1959 peak demand of
129.3 million kilowatts, the U. S.
industry had 35.5 million kilo-
watts of reserve capability. This
reserve alone was larger than all
of the 1958 generating capacity
of Great Britain, the third rank-
ing nation in power supply, and
more than two-thirds of Russia's
total generating capacity in 1958.
Pay million for taxes
“The investor-owned electric
companies continued as a prime
source of tax money,” the F.EI
states, "with anticipated pay-
ments for 1959 amounting to $2,-
120,000,000 going to federal,
state and local levels of govern-
ment. This figure is $157,000,-
000 greater than the tax bill for
the preceding year, and amounted
to an average of more than 23
j cents out of each dollar ot gross
I revenue."
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Anderson, LeRoy M. The Denison Press (Denison, Tex.), Vol. 32, No. 25, Ed. 1 Thursday, December 31, 1959, newspaper, December 31, 1959; Denison, Texas. (https://texashistory.unt.edu/ark:/67531/metapth526673/m1/1/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Grayson County Frontier Village.