The Houston Post. (Houston, Tex.), Vol. 38, No. 352, Ed. 1 Thursday, March 22, 1923 Page: 3 of 16
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; ? ;tHE HOUSTON sPOST;X'THURSDAY MORNING ;mMcH?23
Tomboy Taylorand Powerful Katrinka Make a Pair. -By iFootaine Fox. A
!IH WALL ST. TILT
v""" J' - . .:
Founder of Piggly-Wig-
A Very Extraordinary Value-Giving Event ?.
gly System Goes to
Bat" With Banker
of the Season 1
300 New Spring Hats
' By H. K. CAYLOR
. United Pra Staff Corraapondant.
NEW YORK March 21. Fortune
roa and fall in Wall street tha world
financial capital today aa a former f 4
a booth grocery clerk "put over hi
Big -idea" and totally routed lta en
mlea and thoa who would (peculate
; ' Memphis the former drummer and
- creator or me ngg-iy wisely aeir-serv-
to storea fought the lntereata whose
f operations were detrimental to expan
awn Of Ms stores to a standstill.
After he whipped them and they cried
"iouttl Saunders today admin
1 stared a spanking aa a sort of re
minder not to do It asaln.
Although suspended from the (took
V exchange "Plggly Wiggly Inc.." once
V called a "Southern dream." continued
It spectacular skyrocketing of Tues
day by advancing rapidly again today
s 1ST trading through broker offlcea
Starting at 76 offered 10 asked at
' dp opening and while a daaed Wall
Street looked on. It shot to 100 offered.
J tU asked at noon and sold shortly
afternoon at 110.
Believed In Idea.
With the ascension of the stock.
Saunders an undistinguished looking
Southerner who "fought to put over
' the 'big Idea.' which he believed in"
was almost overnight made the moat
dominant figure in the grocery trade
His rise to a "power" when Wall
- Street recovered aufficlent to find out
hui mm oisciesea a story almost
Unparalleled in the history of Ameri-
can "big business." Saunders started
his career In a small Tennessee town
aa grocer's clerk- He drew a
lary of H a month. Later as he
"grew up" to be a drummer of beans
and bread he saw the grocery trade
a on full of possibilities everyone
He figured that If the cost of sell
lag could be reduced prices could be
lowered and greater profits would re
suit. He perfected his plan had It
patented under the name of "Piggly
Wiggly" and did a then unheard-of
' tiling by opening a grocery store
. without clerks.
1 ('Customers marched through little
turnstiles picked their goods off the
Shelves and paid as they went out an
it In a few year "Plggly Wiggly'
Mores were In almost every city of
any size in the United States. Saun
ders became a millionaire and he
started his drive to dominate he aaw
' )n "Plggly Wiggly" a chance for a
greater volume of business in popu
lar-priced automobiles and the Ilka.
. Small Failure.
-Saunders' present "conquest of Wall
street" had its beginning in the re-
cent failure of several small "Piggly
Wiggly" concerns In eastern States
'liavlng no connection with the 8aun
ders' concern. The bankrupt firms
merely used the idea and name of
"Plggly Wiggly." Speculators In Wall
street however seized upon the fail-
ures to sell Saunders' "Plggly Wiggly"
Stock short. -
Saunders put up with Mils condition.
for a short time and tlwn vowed to
make the "specs" pay for what he
termed "short sightedneaai"' He en-
tered the open market aiidV-Oought it
I reported. 10.000 chares driving the
price from 140 to $80. The "small
fry" among the speculators wrw dan-
ger signals and got out. A number of
targe speculators however remained.
Then Saunders chose as his New
Tork broker Jess klvermore known
a the "boy plunger." Before Wall
Street was aware that something was
gomg on it was happening. "Plggly
Wiggly" puHhed steel railroads and
the other "big ones" In the back-
ground. It started at 75 1-2 and left
the shorts totally wrecked by reach-
ing 124 before the exchange closed.
Wall street decided it had enough and
the board of governors suspended
The shorts did not escape so easily
however and they were "squeezed"
gain today in broker trading.. Buy-
er throughout the country apparently
' fined up with Saunders and wired
I houses doing business "over the cojin-
Ur" to buy Plggly Wiggly.
. These orders aided materially In ad-
vancing the stock again today brokers
Beaumont Will Begin Big
; Street Paving Program
Houston Post Special.
BEAUMONT. Texas. March 21.
The greatest paving program ever to
r Ik undertaken in Beaumont is sched-
uled to start soon. It has been an-
. aminced by City Manager George J.
;: Actual work on paving the streets.
ttwde possible by the (1.775000 bond
- Issue Is due to start early next week
Forty .miles of paving will be laid.
. Flfteea miles of this will be hard
. surfaced pavement.
1 PIONEER PASSES.
9 Houston Post Special.
f PORT ARTHUR. Texas. March 21.
- Thl bedy of Carl W. Cramer who died
i m New Orleans Monday arrived here
: trtdfcy. Mr. Kramer was one of tha
- pioneer business men of this city com-
tag here 25 years ago when this trwn
was a village and building up a
flourlshlnsr lumber business.
; He is survived by his wife and two
chUdxa of thla place and by his
sjiother and several brothers and sis-
tr who live In Germany. Interment
Jill be In Magnolia cemetery at Beau
Miss cotton makes visit.
; Houston Post Special.
1STOTSVILLE. Texas March 21.
Miss J jeer Cotton th talented young
Mtreaa ol Houston and her mother.
Mr. Adelaide Cotton will be In
Misista-rlll for th week-end as the
guest of Mr. and Mr. J. Robert King.
They-will aniv Thursday. Mia Cot-
la Mr. King' cousin.
Houston Post Special.
! BEAUMONT Texas. March 21. A
Ibrdtet of accidental death waa r-
Xred today by Coroner H. H. Reeve
I to wing an Inquest over the body of
Michael Roast. Italian youth killed by
) Houston-New Orleans Southern Pa-
fi trala Saturday night. Th youth
f DIAr MUTI OETS SENTENCE
f tiioostoa Poet Special.
'.ATTMONT. Texas. March 21 C
Jonea negro a deaf nut wa sen'
und today to serve rw years la
th Ktata frtoa for iwurderous i
salt. Unable to hear th court's ver-
dict th negro did not know of hi
fao anlll friend wrof It 4wi for
DAMAGED BY GOLD
60 Per Cent of Elberta
Buds Killed in Texas
Associated Press Report.
WASHINGTON. March 21. Serious
damage to the peach crop In Georgia.
Texas. Alabama. Arkansas and North
Carolina as a result of the recent cold
wave was reported today by the
United States department of agricul
ture. The damage In Alabama. Ar
kansas and Georgia Is estimated up to
50 per cent of the crop. In Texas 0
per cent of the Elberta buds were
killed with less damage to the early
varieties. Early advices from North
Carolina Indicate damage up to 10
per cent for Elbertas and Hales with
leas damage to Belles and other early
The' strawberry crop In the Ham
mond district of Louisiana Is reported
damaged 26 per cent. In Alabama the
blooms and fruit have been killed but
the plarfts are unhurt. In Arkansas
15 per cent loss on White county
KJoadlkes and a 6 per cent loss on
Aromas is reported.
Practically no damage to straw
berries In Southwestern Missouri
Northwestern Arkansas East Ten
nessee and the Bowling Green Ky.
sections is reported.
Onions In the lAredo upper counties
of Texas were retarded but appar
ently not seriously damaged. Plant-
ngs in the lower Rio Grande Valley
escaped Injury. Early potatoes have
been frozen back In Louisiana and
Alabama. One-third the total potato
acreage In Orrirk. Mo. and Kaw val-
ley counties of Kansas planted before
the freeze is a total loss but will be
replanted. Early potatoes In South
Carolina and Florida were not Injured.
Early sweet potatoes In East Texas
are a complete loss.
The Mississippi Crystal Springs dis
trict suffered on carrots a 20 per cent
loss; beets. 40 per cant; peas 75 per
cent; cabbage 25 per cent and toma
toes. 10 per cent. Tomatoes and early
beans In Louisiana ahow 50 per cent
damage. Beans were slightly damaged
South Carolina. Beans cucumbers
and small truck crops In Alabama were
killed but will be replanted. The
1WIUI WJ'tfJW VlltJl
aTr k 'Made
fWeKfUL rATf?iMrA "PoMiSBP
TOMBOY TAYIeOR 5Hfc WoUD HELP HB.1t
UT YMiS 5T0KT WiTH
apple crop In Arkansas and Missouri
was practically unhurt. No important
crop damage Is reported from Florida.
Vegetables in the lower Rio Grande
Valley were unhurt.
Bids For Concrete Road
Will Be Advertised Soon
Houston Post Special.
ORANGE Texas March 21. Bids
for the construction of the last five
miles of concrete road connecting the
present Orange -Beaumont road with
the proposed Neches river bridge will
probably be advertised for by the Or-
ange county eommissloners within a
short time. This was the information
given out by County Judge Ed. S. Mc-
Carver when advised by the State
highway commission that the planB
drawn some time ago by County Engi-
neer J. E. Johnson covering this pro-
ject had been approved and woud be
returned here some time during the
latter part of the present week.
Judge McCarver declared that bids
would be advertised for as soon as
possible. The new route of this
stretch of road was surveyed several
months ago by County Engineer John-
son. Payment on State Aid
For Roads to Be Made
Houston Post Special.
ORANGE. Texas. March 21 A check
for $60000. drawn on the State highway
fund will be mailed to County Judge
Ed S. McCarver some time this week
as final payment on Orange county's
State and federal road aid according
to word received here Tuesday.
This County Judge Ed 8. McCarver
declared would be applied to the work
being' done on State and federal aid
projects In Orange county as soon as
It reaches here. The Orange county
road construction program for this
year calls for an expenditure of $700.-
000 voted by hond issue last spring.
It will complete with the federal
aid allotted to the county some of
the best highways In Southeast Texas.
CONFER ON BRIDGE PROBLEM.
Houston Post Special.
HUNTS VI LLE. Texas March 21.
Judge A. T. McKlnney and Commis-
sioner Frank Werner of Riverside
spent a part of the week In Austin
where they represented Walker coun
ty at a meeting of the State highway
commission let regard to the bridge
over the Trinity river at Riverside on
the county line between Walker and
Trinity counties Thla bridge. Is. an
important link In the highway and
ha been condemned.
FOOD robbery is often
disguised. Vital essen-
tials of diet are left out and
the defect hidden By quan-
tity looks and taste.
Phosphorus is a food
element necessary to the
body. Nature provides it in
her good grains but extra
''refinement" in the milling
processes throws it away.
phosphorus as a part of the
nourishment from wheat
by Postiim'CwwJmi Iric
RECORDS IN YEAR
Seven Classes Average
29055 Pounds of Milk
And 1250 of Butter
Associated Press Report.
CHICAGO. March 21. The 1922
leaders In the seven classes of differ
ent ages of pure-bred Holstein cows
produced an average of 29065 pounds
of milk and 1250 pounds of butter In
one y4Var. In the full age and senior
four-year classes previous records
were broken according to a report of
the national headquarters of the Hoi
During the year. 18000 cows were
tested for production and since the
establishment of the official test 95
000 cows have passed the production
required for their age the report
stated. All tests are supervised by
State colleges of agriculture. Last
year. 113.772 Holstelns were registered
with the association.
In the full age class. May Walker
Ollle Homestead owned by the Min
nesota Holstein company of Austin
displaced Dutchess Skylark Ormsby
Washington ."state cow with a pro-
duction of 31610 pounds milk and
1523 pounds butter. Grahamholm
Colantha Pauline Segis. a Minnesota
cow displayed another Minnesota cow
in the senior four-year class with a
record of 34291 pounds milk and 142S
In the Junior four-year class. Mam
sell Johanna owned by C. 1. Spauld
ing of Warren. Minnesota stood high
est for the yesr with a record Of 31
E15 pounds milk and 1317 pounds but
ter. Countess Matador Segis1 th
senior three-year champion from
Washington produced 25117 pounds
milk and 1159 pounds butter. Junior
three-year champion. Princess Malda
Veeman owned by Earl Graham of
Compton Cal. produced 29(29 pounds
mult and 1154 pounds butter. -
Colony Grebegga Valdena. senior 2
year champion produced 2S.371 pounds
milk and 1095 pounds butter. She Is
owned by Colony farm Essondale. B.
C. In the junior two-year class Daisy
Aaggte ormsby owned by John Erlck
son of Waupaca. Wis. was high cow
for th year. She produced I2.1J1
pound milk and lots pounds butter.
and malted barley togeth-
er with iron vitamin and
a bran content so often
lacking in modern food
Grape-Nuts with cream
or milk is completely and
so crisp and delicious that
every member of your
family will greatly enjoy
it for breakfast lunch or
Ready to serve in a
moment. Order from your
Battle Greek Mich.
Special Sale of Dresses for Stout Women
The search for something
really new in corsets has been
rewarded with the introduc-
tion of the "Medallion" in sev-
eral of the fashionable
The name "BON TON" has
always stood for leadership
and now with the perfecting of
the "Medallion" idea the BON
TON corsets are incompar-
The "Medallion" supports
controls and reduces. It's the
greatest corset invention of
this era. Come in and see it.
Every Hat in this sale is fresh
and new from its tissue wrap-
ping and never before have we
seen so great a number of smart
new Hats displayed on our third
floor section actually filled to
overflowing in preparation for
Crepe de Chine
40 to 46
Most Valuable Possession.
E OFFER to the woman who ha the
advantage of a fully developed forrht
i Dresses that are made especially for htk
style and figure- Dresses tkat will
and bring out that charm more fully
she has been endowed.
Silk Silk and
Fiber Slip -Over
and Tuxedo styles
This new Three-Eyelet tie made in black satin vamp and
quarter with lattice work of black (11 Cfl
Made of Pearl Gray Suede vamp
with lattice work of ra' kid to
Come in today and let us show you this and v our many
other new Easter styles. They're arriving daily.
William Jennings Bryan lg fighting the teaching In public
schools of "atheism agnostic Darwinism or any other hypo-
thesis that links man In blood relationship to any other form
In this case we are for Bryan unanimously. If the children's
grandparents or great grandparents were in the habit of
climbing trees hanging by their tails ana playfully tossing
cocoanuts at each other we figure that it is not the children's
buBlnees to Know It Editor.
Care for It Consult Our
In High Favor With
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The Houston Post. (Houston, Tex.), Vol. 38, No. 352, Ed. 1 Thursday, March 22, 1923, newspaper, March 22, 1923; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth607992/m1/3/: accessed October 21, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .