Timpson Daily Times (Timpson, Tex.), Vol. 31, No. 18, Ed. 1 Monday, January 25, 1932 Page: 1 of 4
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Timpson Daily Times
VOLUME 31
TIMPSON, TEXAS, MONDAY, JANUARY
1932
PRESIDENT TO
FILL EDIT
JH1M
Washington, Jan. 25.—Pres-
ident Hoover turned Sunday to
the next step in the emergency
economic program—legislation
for relief of depositors of closed
banks.
Meanwhile, mobilization of
the new gigantic reconstruction
. finance corporation proceeded
rapidly.
An understanding was reach-
ed at a White House breakfast
between the president, Senator
Watson of Indiana and Repre-
sentative Snell of New York,
SIHMT
M. OKS DIKE
MFJK'STOK
The one-story brick build-
ing and stock of merchandise
of A. F. Burns, located on
Jacob street, was damaged by
fire, water and smoke Saturday
night. The blaze was discov-
ered about 9:30 o’clock and
the fire department answered
the alarm promptly, with the
result that the blaze was ex-
tinguished before it had gained
much headway.
The heaviest damage result-
ed to the stock of merchandise
from water and smoke, how-
the Republican floor leaders, ever, the blaze was spreading
to press for congressional au-! in a threatening manner to that
thority for an organization to' section of the business part of
streams of
under con-
speed payments tp-depositors jtown, until three
in closed banks.
Two bills providing for this
action are well along in con-
gressional deliberations. That
of 3enator Glass of Virginia,
Democrat, for revision of the
banking system provides for a
liquidating corporation. The
administration has a measure
sponsored by Senator Thomas
of Idaho, Republican, for a
similar fil 50,090.099 organiza-
tion.
Every energy was being di-
rected, meanwhile, by the ad-
ministration to put into oper-
ation the titantic reconstruction
corporation established last
week by congress. Secretary
Mellon announced an issue of
$350,000,000 in treasury certi-
ficates. Of this sum, $290,000,-
OOOris for meeting the initial
needs of the $2,060,000,009
credit agency.
Monday, President Hoover
will forward to the senate for
confirmation some, if not all,
of his nominees for the four di-
rectorates of the corporation.
These will include the name of
Charles G. Dawes, who already
has taken command of the bus-
iness stieulating organization.
water brought
trol.
Extent of the damage has
not been estimated, the loss
being partially protected with
insurance.
MT-TEIM
isnmwns
TIIE5KIFTEM1
The regular meeting of the
Parent-Teacher Association
will be held at the high school
auditorium Tuesday afternoon
at 3 flO o’clock. Members and
all others who are interested
in the work of the organization
are urged to attend.
1KX 18
CNIBEIlFCHKitE
Tl KLINE#*
SFSSItXIMT
The regular session of the
chamber of commerce will be
held tonight, beginning at 7
o'clock at Hotel Blankenship.
It is hoped that every member
who possibly can will attend
the meeting as some matters of
general interest to the com-
munity will be brought up for
discussion.
their bodies and the wret. td plane two days latasr
TIKE SHORT TB
ACT HIEIEIEE
Farmers on Coast Usually Plant
Feb. 14; Judge to Rule in
Test Suit Friday.
«TOBIES
SEIM!
Remember that it is neces-
sary to pay your city poll tax
by the last day of this month if
you desire to vote this year.
Z. B. Ramsey,
* City Tax Collector.
B. J. Hawthorn, Jr., mem-
ber of the London school facul-
ty, spent Sunday with his par
ents, Mr. and Mrs. B. J. Haw-
thorn of this city. His father'
took him to Henderson early
this morning where the young
man caught an early train to
his work, road conditions be-
ing such that motor travel
through the oil field is practi-
cally impossible.
Mr. and Mrs. B. H. Davis
of Nacogdoches were here Sun-
day to visit with Mrs. Davis’
parents, Mr. and Mrs. J. C. Bo-
gs rd.
Save
a part of your earnings
and you will have a
Profit
The money you deposit and save from
your earnings or your business is your
only profit If you make $ 10,000 a year
and spend it all, you have nothing; if you
make $5,000 a year and deposit and keep
$500 of it, you have something. If you
keep this up for a few years, you will
have money and it will grow and protect
you and yours in the future.
Get the habit of depositing some
money REGULARLY. It is a good habit.
We invite your account.
COTTON BELT STATE BANK
"THE OLDEST RANK (N SHELBY COUNTY"
Austin, Jan. 24.—St. Valen-
tine’s Day, February 14, being
the cotton planting day of some
Texas farmers—those residing
near the Gulf—time for de-
ciding what to do about the
Texas cotton acreage
tior law is short.
Judge W. C. Davis of the
Eighty-fifth Judicial District,
who presided last week at
Franklin over trial of a test
case, which ultimately will
determine the genuineness of
the cotton baa statute, an-
nounced he would hand down
a decision Friday.
Governor Sterling last week
received additional letters re-
questing that he call an extra-
ordinary session of the legisla-
ture to repeal the law, enacted
at a special session called spe-
cifically for that purpose last
September.
Texas' position in the cotton
acreage reduction movement
was further accentuated last
week when Mississippi’s law,
patterned along the same lines
as the I-one Star State statute,
expired automatically.
Mississippi’s law provided
that it should be repealed auto-
matically if a majority of the
cotton-growing States failed to
pass similar legislation by Jan.
20 of this year. The Texas law
made no provision for noncom-
piirr.ee should other cotton
States not get in line.
Only Texas, Arkansas and
South Carolina passed laws
similar to tke Texas statute,
which provided that there
should be planted to cotton is
19.32 not more than 30 per cent
of the acreage devoted to cot-
ton in 1931.
Governor Sterling has indi-
cated that he would not con-
vene a special session of the
legislature to revoke the law.
He said that even though the
statute were not adopted by
other cotton growing States it
should be a good thing for Tex-
as, basing his opinion on the
deduction that the more cotton
Texas farmers planted the less
advantageous would be their
economic standing.
However, at this time, with
I the law in the courts for a test,
! there seems no occasion for a
legislative session immediately.
Atlanta, Jan 25.—Hi- blood
pressure normal for the first
time in five years, Louisiana’s
Huey Long passed through At-
lanta Sunday en route to Wash-
ington to take over his senate
seat.
He gave little thought to a
possible coup by Dr. Paui S.
Cyr deposed lieutenant gover-
reduc- nor Louisiana, and exhibited
a telegram from Alvin O. King,
whom he left in Baton Rouge as
acting governor with the state
capitol and governor’s man-
sion patrolled by armed
guards. The telegram said;
“I have taken charge as act-
ing governor. Everything quiet
and ali right Regards.”
Long radiated confidence.
‘Tm going to get an educa-
tion in Washington,” he said.
"This is the first time I’ve real-
ly been able to learn anything.
And, say, this is the first time in
five years that ray blood pres-
sure has been normal. Why,
I’ve been sleeping with four
telephones in my bedroom.”
The governorship tangle in
Louisiana was precipitated
several months ago when Cyr,
Long’s political adversary and
then lieutenant governor
sought to oust Long on the con-
tention he had forfeited his
right to serve as governor
when he had been elected
Cnited States senator. Cry
took the oath of office and de-
clared himself governor.
Long replied he would not
leave the state at Cyr's mercy
until his successor had been
elected and sworn into office as
governor. He declared furth-
er that Cyr’s action automati-
cally had left the office of lieu-
tenant governor vacant and ad-
vanced King, as president pro
tempore of the state senate, to
the post.
46 PERSONS ARE
SAVED IN TEXAS
FLOODED SECTION
Dallas, Tex., Jan. 23—
Forty four negroes and two
white persons were rescued
from water traps today as the
turbulent Trinity river swelled
to giant proportions and sent
flood waters scurrying into low-
lands in Dallas and vicinity.
Late today the river had reach-
ed a flood stage at nearly 39
feet, and at night it was still
rising.
After huddling in the attic
of a house since 2 o’clock this
morning, 27 negroes were res-
cued from a marooned farm
section within the East Fork
and Rowlett creek levees in
the northeast part of the coun-
ty
■ Since he began miring lime-
stone flour in his lamb rations
two years ago Craig M. Logan
of Valley MiKs, Bosque county,
has had no iambs "cut out” at
market. Two shipments hut
fall topped the market the
county agent reports.
UN! sms
New York, Jan. 25—The
Guaranty Trust company finds
that a “preceptible improve-
ment is busmens sentiment ha-
appeared since the beginning
of the year."
"Several factors appear to
have aided in dtapelKag the
atmosphere cd extreme pessi-
mism that existed at the end of
1931.” states the “Guaranty
Survey” published Sunday.
“The testimony of backers h --
fore the flaance committee '.I
the senate mi foreign feac*
helped greatly to clarify the
financial outlook as related to
conditions abroad.
“Foreign news, prior to the
indefinite postponement at the
Lausanne conference lain this
month, stimulated hope for an
agreement between Great Bri-
tain and Franca concerning
reparations and war debts
“Seme signs have appeared
of an increasing investment de-
mand for securities. Opposi-
tion groups in congress have
shown a tendency to co-operate
with toe administration to its
program of legislation to
“Encouragement baa also
been draws fton the.
stability in
kets.”
tlMIIMII
Should the District Court hold
the law unconstitutional, as
many students believe it will,
there will be ao necessity of
legislative action.
NonciTocnr
TAX PAYERS
There are only a tow more
days in which to pay your city
taxes. Have my books at my
store and will be glad to issue
receipts for your city taxes. Re-
member also the importance of
paying your city poll tax this
year Z. B. Rsnwey,
City Tax Collector.
A POLICY
That Yon Can
Depend Upon
The number of accounts in
this bank steadily increases—
but there never will be too
many to prevent our having a
personal toad friendly interest
in tke needs of each deposit on.
Make This Bank Yaw Bank!
otamaott bond
STATE BAMS
MMWtllMSMI KMMI ttMMMWiUMMti »»WUM
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Molloy, T. J. Timpson Daily Times (Timpson, Tex.), Vol. 31, No. 18, Ed. 1 Monday, January 25, 1932, newspaper, January 25, 1932; (https://texashistory.unt.edu/ark:/67531/metapth767464/m1/1/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Timpson Public Library.