The Orange Leader (Orange, Tex.), Vol. 54, No. 170, Ed. 1 Thursday, July 18, 1957 Page: 2 of 22
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those who worrv aoout
ing amount of foreign '
dollars and American
Under our gold 'Uw.
citizens canoot ask gol<
nations to turn their doUlr* in for!
.gold at will. /I .
The US. Treasury admits that
theoretically - but Aly theorem,
cally—foreigners co#ld turn Amer-
ican Investments iffto dollars and
deposit these with! foreign central
U S. dollars available to them.
Dollar credits of individual for-
eigners axe variously estimated at
from 5’£ to 7 biHion Individuals
can’t get gold for these dollar
credits from our Treasury, any
more than you ca^. But if they
codld self all these investments to
then have from 13^ to 16 billion*
dollar holdings.
Two Survive
SfJfBRATINGI oyi
IN TEN DAYS
Here’s all you do . .
Stock up on sparkling Coca-Cola.
12-bottle cartons.
Coca-Cola
combined.
Send completed entry blanks to the address printed on each
DRINK
Thursday, mr
ULY ----- ---------•••;-7“—-:-T-—
1c n0rprmingH °'°fK »AllWl twi
U.S. Hard Blow in Pocket Book
To Sail Rubber Raft
CORPUS CHRIST!. Tex. u*-
-Itchel .Golden of Los Angeles "is
persistent.
iifesr—d1s »••*->».-»*<■
slwoS about thegrow-f exchange for dollars. . tfouf-days as he tned to sail or
tjl Such a run on Fort Knox could drift a rubber raft frotn Galveston
Urcn boa's crime aate has been going
t.fv—All dial’s left up Baltimore’s rate was down for
town of Buford's the tenth straight month, accord-
crewmen aboard the tug said "*T^ _
Golden had food and water and o{' ^5* ghtwt
was da good condition. They said gear '
he apparendy still intended to try; church. -«, y Hepbroti.
for Brdwnsville in his six-man Sherman’s" -poops burned down overall decrease for
raft. all the odatt. oteddings in the town May was 15 per cat
v j---- when thev swept through in 1865. ■
The U.S. hot dog was first The old church how serves as a York City Police
. . - , e .M*V W**™ TT3,’r'T!ON "
Mailman s Survey ; Detroit (.tv-Robert’ ford,^
mr
prison
here is a Met. od! ,t ^ Commissioner J-amts
M. Hepbron. He reported that the
the city
___to continue his education
SUMMIT. or—Frank Wat- r ; ce lound him siting, ou thi
kins, "who carries a rural mail curb in front of a smashed windo-
route out of Summit, did some o. * photography shop
personal research on'the question Camera he
in of how many farmers also- have ndls^*
The old church *w serves as a _________
citizens cf Frankfort,* *ite »<* ,«mi|Y n?nk*i d<Ten' David Hofstain has
the frankfurter La-* cSants of those who art buried is degrees including Law.
■ jrchv ’ ...
city jobs
“I went over my
holding a
admitted taking from
the window display. ‘‘I want to gc
to prison and'learn a trade so l
loldines qf Such a run .. -■ ------------.—,------ .
>ecurities. ^ hddmgs tekwtl* w Brownsville. But then he hR'hed^^sn v ar"thel rankfurter~" La^dants of those who aiW. buried in degrees including Uw. Bachelor —„ „ .
Amencan 12 ** Trees- # ^ ^ ^ j ’ ^ „sm^Tv>nha as the churchyard. of Science and Associate in Applied on the Maim.” he reported
VSSSSk- Missis srss St?
-, .sses igtf i£5=2
ShoH with built-in henten .tc
on a cold day
a Master of Arts in economics. ’ plement their farm income
“Personal” TV Sets
lookers broke from the crowd andj
rail for help. , ,
But'it was too late. Ik was
lifted high above the heads of
his tormentors and pitched into
the fountain.
to'laugh. The boy
h,3'e gffSL, banks, these would
brushed a small piece of moss
from his hair, and climbed out. j
His persecutors gathered around.:
^gngtoh7ha°ke 7aJ?sUatani«%«uld be more than we could pav I
No one had been mad at the but gold on demand without
.dropping our currency .backing bf-
fie had offended no one low the legal amount.
But he had been elected presi-' That is the theoretical picture,
dent of his fraternity, and accord- Bankers here agree with the
ine to University custom, into Treasury that nothing could he
Littlefield Fountain he must go less likely. They cite the same
This fountain was a gift to the points the Treasury does, and add
University from Maj. George Some more. \ j
Littlefield, leader in Texas indus-, The stability of our government,
trv, and consists of Columbia, a compared with that of some oth-
wlnged bronze figure, standing on ers. leads many foreigners to want
the to keep their money here—just in
•**. case. ./■ * *
fbe And American investments »
1 abroad far outstrip those of for-
eign investments here Quite apart
from our gold holdings, this coun-
try’s net credit position is more
than 30 billion dollars.
We are selling about four billion
; dollars more a year to them than
H i they are to us (helping them meet
ALAMOGORDO, N.M i.fi—John the gap with foreign aid) and our
Prather, 82. who has spent the investments abroad bring in
last 60 years on the ranch he built, around 2V, billion dollars a year,
in southern New Mexico, has; if other nations get into financial;
spurned the latest Army proposals trouble their first step is to cut!
to* let him remain on his land. back further on purchases of U.S j
The Army wants the land for, goods, not start a run on Fort
its McGregor Firing Range close fcnox
10 T'- ®h*f> ,e*. , . - And their governments, far from
The military has °H*red asking for our gold, are busy try-:
r a life-time lease on his Otero [no m Up their dollar re-:
*. Alps prow, which bears
date of the United States’
trance to World War I and
close of the war.
Army Offers
'Life' Lease
er _
jtounty ranch house and a few;
acres surrounding the buildings
with the provisions that the prop-
erty reverts to the Army upon
Prather s death. , j
:_______ Prather told his attorney, J
Benson Newell of Las Cruces: i
• You,send that paper back and;
\ you tell those colonels and gen-
\eral* down there at Ft. Bliss that j
rbbn Prather isn’t giving up his
birthright. If they want me off
v that rbqch, they’ll have to carry
t*»€ out kt a box and.” the old
rancher, addfid, “I'll have
party wMbt^rW''
ing to
serves.
Babken admit that an unlikely;
run from the dollar could embar-
rass us, but it wouldn't shake Fort
Knox. -
FRONT ROYAL. Vi. (P _ A
com- bu* driver and a 16-year-old girl;
. were the only survivors of what
Prather "anB^Vneighbors have began as a family outing for sev-
been given an extmuon until Aug. en nere last sight and ended with
1 before the goverffl^fcju takes hve drowned
over their lands for the bqj missile' Authorities tentatively blamed
range. \ 1* heavil>’ overloaded 12-foot alu-1
LOSE ULCY fATvtea Jri. ;
Nat and three 7-year-old children, i
OR MONEY BACK j s.^1 K^ad {‘s^.fr1
If you «'* ovarws'Bht. * »i« n »h» first: capacity\pf three persons,
te’iy ti - ii ng t« come olong m{ Drowned' x were Mrs. Reajie
yeoci a n*w A ■rnven.«ni way to o*’ Ftrickler, 43/^of Riverton. Warren
f d of te'ii rcuiwfc.auar *“»r County; her soh;.. Charles Slrick-
SO you con be os i m and trim at you |er, Mrs. Gladys Drummond,
wont Tb s re* product colled Oi*-: 36. - of Stephens Cit^K Frederick
THON curbs bo' hunger A oppeve County; Rav W'llliams. 7>qf River-
No drugs no dr. no ast-cse. Absc t3n. and Wayne L*nsbury>7, of
fut*!v liorosTts! Whan you lake DIA Fairfax. n,
TI?0N you S'II enny your mtoli »-ill; The survivors were Mrs StrirlhJ
ent ti e foods you < »• but you timply |Pr'» husband. Harry Strickler aN.
don' Hava tie s-ye fot e.iro pomons Trailways bus driver, and Sandra
cmd automatically your we.ghr must, Drummond. 16, daughter of Mrs.
com* down, because, as your own Drummond
doctor will tell you. when you eat ten, The ^ wa, ,MJ ,h(r) M fee,
•you w- lets f.res. weight endon from shore m ,he „or,h fr)rk o(
gen you, her: • s dneys So no mot.e, ,he shenandoah Rlveri f r0nt R
w-m. you hove rned before 0M- ,, Mid whm „ cap8i7(.d/
TRON ond prove to yourself who, itj
cart dp.. D'ATRON i| sold on this!
feUARANTtL-—You must lose weight
W‘tH tho first package you use or the]
sr&r: zxztirz] .«<*» *. *
capsized.
Strickler and Sandra managed
to reach shore. . *
The bodies were recovered.
your money bock. DiATRON co,.. iJ 00, an.st-comod««n. renrently vi*1 h7a
ord is sold win th,s strict money bock 1 native Denmark He bought a cha-
teau. the Freydenlund, which once
belonged to Queen Caroline Ma-
thilde of Denmark.
guarantee by
M I’.sn t DR1Q STORE—Orante
itmlrr Oraf HSare—Oraar*.
Wall lull-,, llll-rt
WHEN YOU BRING HOME THE COKE
■^.4 . yyv-VuyU- -
10 sets awarded
each week for
5 weeks in
Our 50th anniversary
appreciation contest
You ran have one of these attractive "Personal" TV sets
by RCA Victor! Smaller than many table radios, yet with
■ big 8'x-inch picture. Your choice of handsome decorator
colors. Set it up in bedroom, kitchen or office! Enjoy it
on terrace, patio, or porch! It’s light enough to carry
wherever you like your entertainment!
There will be five consecutive contests, one each week
through August 25th. It’s our way of showing our appre-
ciation for your patronage over the last fifty years.
Remember! This is a greater Orange - Port Arthur •
Beaumont Area Exclusive!
All 50 television sets awarded in this exciting contest will go
to local people; to you and your friends. Enter now. Enter
often.
(Watch hr Formal Opening
To Be Announced Later)
NELSON'S DRUG STORE
GLENN NELSON, Owner
1608 PARK AVENUE PHONE TU 3-3543
.. *
Prompt Free Delivery to any port of Orange
and outlying areas.
Plenty Parking and Turning Space
"Dryre-Up" Service Window for Your Convenience
You’ll find entry blanks in
Size bottles, and at your dealer s. 'x^X
Read the simple rules on the entry blank.
Complete the statement; “People buy more
than all other national brands of soft drinks
because...” in 25 words or less.
on Family
Enter at many times as you like!
«Mia W a nfator** titfe-mark. Cwrigbr >***• TS* C*m-C»Ii Cm»wi
U-MMt
W The C♦ca-C*U
» PORT ARTHUR COCA-COLA BOTTLING COMPANY
i im^} ^.....*• ■■ ■
jpaifr/v * Hi I, MM vw>j yi i’ll 11 tt - •■■jJUWSptfg
r * - 0
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Browning, J. Cullen. The Orange Leader (Orange, Tex.), Vol. 54, No. 170, Ed. 1 Thursday, July 18, 1957, newspaper, July 18, 1957; Orange, Texas. (https://texashistory.unt.edu/ark:/67531/metapth557617/m1/2/?rotate=90: accessed May 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Lamar State College – Orange.