Timpson Daily Times (Timpson, Tex.), Vol. 38, No. 8, Ed. 1 Wednesday, January 11, 1939 Page: 1 of 4
This newspaper is part of the collection entitled: Timpson Area Newspaper Collection and was provided to The Portal to Texas History by the Timpson Public Library.
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I
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Timpson Daily Times
VOLUME 38
TIMPSON, TEXAS, WEDNESDAY, JANUARY 11,1989
NO. 8
TEXAS LEGISLATURE
BEGINS SESSION Ml
NUME1USJLLS OFFERED LI
Austin, Tex., Jan. 10. (UP)
—The 46th Texas Legislature
got off today to a "lighting
start” with Gov.-Elect W. Lee
O'Daniel as the subject of a
dispute between new and old
members.
A new representative, Clin-
ton Kersey of Bridgeport, pre-
cipitated a house flurry when
he offered a resolution congra-
tulating O’Daniel on his an-
nouncement that the governor
would follow the state consti-
tution’s division of the govern-
ment into three distinct
branches and have no spokes-
man or leader in either senate
or house.
The house adopted the reso-
lution with a perfunctory
“aye” vote, but Rep. G. C.
Morris of Greenville obtained
a reconsideration that sent the
resolution to a committee, yet
to be appointed. Morris was
an admirer of Gov. James V.
Allred, who not only had leg-
islative spokesmen but visited
the house and senate personal-
ly when measures in which he
had special interest were un-
der discussion.
A re-elected senator, Joe
Hill of Henderson, started the
senate dispute. He objected
to adopting temporarily the
rules of the last legislature.
Thcae_rules, Hill tcjd^_"haci-
strung, hog-tied, and sent to
the waste-basket” important
bills during the last session.
New members, expecting
Sen. Jesse Martin of Fort
Worth, home of Governor-
Elect O’Daniel, voted with Hill
but lost their fight, 13 to 18.
Old age assistance, oil regu-
lation, and load limits for mo-
LAOIES AND HE* MEMBERS]
SFEGIIL GUESTS AT !
IONS LUNCHEON
Enjoyable Reception
Sequel to Recent Mem-
bership Drive.
A luncheon and reception
celebrating the recent mem-
bership drive was held by the
Timpson Lions Club Tuesday
evening at the home economics
cottage, and the guest list,' in-
cluding members of the organ-
isation and their ladies, total-
ed about 75.
Assembled in the spacious
and lovely dining room of the
cottage, an excellent barbecue
dinner was enjoyed by the
guests, and credit is due to
Miss Elia Mae Bailee and the
young ladies of the home eco-
nomics department for the
preparation and service of the
meal.
President Dr. W. D. White-
side, presided, and after brief
remarks, stated that he was no
longer assuming responsibility
for the remainder of the pro-
gram, and that all rights and
titles to this were being trans-
ferred to Messrs. E. H. Hebert
and J. W. Kristensen. The so-
cial hour and fun that follow-
ed was under their direction
and was enjoyed by the guests.
The new membership night
of the Timpson Lions Club may
well be termed,* success, .and
local Lions were delighted to
have their ladyfolk as special
guests.
(Continued on Page 2)
Carthage.—J. C. Keilam,
State Your Director, has an-
nounced approval of an NY A
work project to employ 60
youths to help construct a com-
munity center at Carthage. The
center will be of native log
construction, 50 feet by 65 feet.
No. 495
Cotton Belt State Bank Statement
OFFICIAL STATEMENT OF FINANCIAL CONDITION
of the Cotton Belt State Bank, at Timpson, State of
Texas, at the close of business on the 31st day of Dec.,
1938, published in the Timpson Times, a newspaper
printed and published at Timpson, State of Texas, on the
9th day of Janaary, 1939.
RESOURCES
Loans and discounts, on personal '
or collateral security................. .$ 70,188.83 .< •
Loans secured by real estate............. 3,753.19
Overdrafts ..........C.................. 1,705.00
Securities of U. SIT any State or political
subdivision thereof.................... 22,494.73
Other bonds and stocks owped............ 4,116.75
Customers’ bonds held for safekeeping..... 9,450.00
Banking House ..........~.............. 12,000.00
Furntiure and Fixtures.................. 2,500.00
Real Estate owned, other than banking house 11,576.54
Cash and due from approved reserve agents. 50,713.21
Other Resources: .
Livestock, Implements and Cotton Gin..... 9,390.95 ;
United States Government Cotton, 1938____ 15,618.85
Cotton Bills of Exchange................. 4,867.52
TOTAL.......... ............9218,375.57
LIABILITIES
Capital Stock..........................8 60,000.00
Surplus Fund............. 12,800.00
Undivided-Profits, net................... 2,212.10
Individual Deposits subject to check,
including time deposit due in 30 days.... 133,913.47'
Customers’ bonds deposited for safekeeping. 9,450.00
TOTAL......................*218,375.57 <
STATE OF TEXAS,
County of Shelby. •
We, J. E. Blankenship, as President, and John F.
Cooke, as Cashier of said bank, each of us, do solemnly
swear that the above statement is true to the best of our
knowledge and belief.
J. E. Blankenship, President.
John F. Cooke, Cashier..
Subscribed and sworn to before me this 9th day of
January, A. D. 1939.
• T. J.- Molloy, Notary Public. Shelby County, Texas.
CORRECT—ATTEST:
P. F. Dunaway, <J. C. McDavid, Directors.
| .WORLD’S LARGEST CARNATION r | ■
Eigmmz-wm
TW. is the TkUtor.- U» werH'a Urgent earn.Won, wttdi nil! k
•ban at the Natfaail Flo-»« and Garden Shew, Hearten, F»U R te 19
Tickets far the shoe went ea Bale Jan. 2 in mote than SM cities and
tswne in the Seathweet.
Flower Show Plans
Nearing Completion
Mo*t widely demanded »ingle
flower in the world, the tarnation
will hare n prominent pLwe in the
National Flower aad (iftrfea Sfcsw.
Feb. 12 to 19. In Houston, plane for
wlach are entering fins! form.
Carle*da *1 carnations, of every
variety men ara now being
prepared by Csioreoo grower*, to
be transplants..! krio an immense
SOO-aquare-foot Sa« IToca-i
ton Coliseum. literelb ^adrada of
varieties, from Ose *****tic "Dic-
tator,” the world** latest, to the
well-known rod and wafte flewera
weu-Known no tvata uswri uwm mgcc wui run w.e idsv, i
which we aaaecUte with Methass’ Hie CcKrsmn la being
we ni L. - - --1 ■' - «- ■ » tucvi
Day, will be nodding their head*
and filiidg the Cohsctun with their
epicey, pcngect perfume.
Seventy thcna&ad advance tickets
were paced cv. sale Jan. 2, Hugh
Potter, of Houston, chairman of the
advance ticket sale, announced.
Pieced it florist*’ shops, utility
companies and other oonventet
porzts, they will tall for 4S emti
each, and w HI entitle the purchaaer
to eH privileges carried by the reg-
ular edmimion ticket, which wffl be
75 cent* after the sale is over.
Houston is getting ready to en-
tertain thousand* of persona from
*11 veer the United States. More
than 1000 members of the floral
trade akce will visit the show, end
I estimated 150,030
EUROPEAN WAR
BEFORE 1S3I IS
ODER PREDICTED
Blf AMBASSADORS
Washington, Jan. 10. (UP)
—General European war be-
fore summer over Italy’s de-
mand for French colonies wa*
predicted today by the Ameri-
can ambassadors to France
and Great Britain in secret tes-
timony before congressional
committees which will weigh
President Roosevelt’s $2,000,-
000 national defense program.
It was learned from an un-
impeachable source that Jos-
eph P. Kennedy, ambassador
to the Court of St. James’, and
William C. Bullitt, ambassador
to France, informed a joint ex-
ecutive session of the bouse and
(Continued on Page 2)
STOSUHRS GUARANTI
BONO STATE SANA ROLL!
HAL MEETING
Stockholders of the Guar-
anty Bond State Bank met in
annual session Tuesday. Jan.
19th. Cashier Hawthorn said
“a spirit of optimism prevailed
with our stockholders. The
statement was made that in
many respects the last state-
ment as of December 31, 1988.
was the best statement the
bank had ever published, es-
pecially as to cash on hand
and available cash in liquid
assets.”
The stockholders re-elected
directors cf previous year, as
follows: -W. D. Wade, A. N.'
IKE BULL
GAMES MERE
THINK NIGHT
Girls’ Team of Sbelby-
▼ille Meat Timpson Hi
Girl, us Opener; Shel-
byville Boys and Wedge-
worth Boys Hare.
Three basketball games are
scheduled for tomorrow night
at the local high school gym-
nasium.
The girls basketball team of
ShelbyvOle and Timpson high
girls are slated for the open-
ing match.
Two games will be played
Summers, E. H. Hebert, J. D. j by the boys’ team, who meet
Hairston and T. P. Rutherford. Shelbyville and Wedgeworth.
Immediately upon adjourn-
ment of stockholders meeting,
the directors elected officers as
follows:
W. D. Wade, president; E.
H. Hebert, vice president; B.
J. Hawthorn, cashier; Thomas
Todd, assistant cashier.
PROTESTS OWERSION
OF GASOLINE TAX
• All three games are expect-
ed to be fast and closely con-
tested. and the hearts of
basketball fans should be con-
tent with a program combin-
ing both quantity and quality.
Tex., Jan. 10.—A
requesting the Tex-
(.■■A —. —.c ^ a
change its name to the Central
Military Highway association,
as purpose of the organization
is to promote construction of a
military highway from Port
Arthur, Canada, to Port Ar-
thur, Texas.
Those attending the meeting
were: H. M. Richter and O. P.
Ellison of Silsbee, W. L. Bam-
mell and State Senator W. B.
Cousins of Beaumont, O, M.
Stone, Wesley Curtis and J. E.
Locke of Jasper, M. B. Thomp-
son and W, E, Barrett of Kir-
byville, Ray and C. E. Fletcher
of Brookeland, Judge S. N.
Stripling and county comsais-
Congress Opens
WASHINGTON. D. C.—Spes’.er ot
the House. Wttllair B. BaakfccM*
calls to order tSe opening session ot
the Ssrentr-elxth Congrasa which
opened on January third.
Washington, Jan. 9.—As
Congress gets into its stride,
and old and new members ex-
change opinions, it is becoming
apparent to observers on Capi-
tol Hill that one of the raajoi1
themes of this session will be
the effort to curtail the person-
al authority of the President.
This effort will be joined in
by members of both parties,
including sincere followers of
Mr. Roosevelt. It will not be
an effort to prevent his renom-
inaticn in 1940. It will be an
effort to reassert the authority
of Congress in its Constitution-
al sphere of action.
How far this movement will
get is, of course, problematic-
al. Congress surrendered many
of its Constitutional powers to
the President at the begin-
ning of his first term, on the
theory that the economic em-
ergency could not be dealt
with in any other way than by
putting one man In charge.
Some of the actions of Con-
gress were held to be beyond
its power, by Supreme Court
decisions in the N. R. A. and
A. A. A. cases; they delegated
power to make orders and reg-
ulations which had the force of
law, and only Congress may
enact laws.
Among the unlimited pow-
ers which the President still
has under the emergency leg-
islation are these:
Powers of President
He can devalue the dollar
still further at any time he so
chooses.
Center,
resolution
as legislature not' to divert
funds derived from the state
gasoline tax for any purpose
was passed by the Highway 8
association at its meeting here
this week, according to H. M.
Richter, president of the asso-
ciation. The association also
passed a resolution requesting sionVrs of San Aiustine coun-
the state highway commission j ty and Judge W. R. Nelson of
to complete at the earliest date Panola county.
possible relocation of High- _*_
way 8 from Center to Bronson, j Ribbons for ail makes of
The association also voted to typewriter* The Time*
>a«ataMaeaMl«ii>iinMia>tinnMawHwaawt
No. 641
of the Guaranty Bond State Bank, at Timpson, State of
Texas, at the close of business on the 31 day of December,
1938, published in the Timpson Times, a newspaper
printed and published at Timpson, State of Texas on the
Cth day of January, 1989. ,
RESOURCES
Loans and discounts, on personal
or collateral security..................$ 47,568.87
Loans secured by real estate........... 10,282.76
Securities of U. S., any State or political
subdivision thereof................... 17,016.88
Overdrafts ............................ NONE
Other bonds and stocks owned.........;.. ‘ 1,200.00
Customers’ bonds held for safekeeping..... 43,490.00
Banking House ............ 12,500,00
Furniture and Fixtures.................. 2,843.50
; Real Estate owned, other than banking house 1,898.56
C*3h and due from approved reserve agents. 100,558.96
Other Resources:
U. S. Government loan Cotton............ 74,647.81
Cotton Bills of Exchange.............. 1,633.36
Judgments ............................ 1,624.82 11
Livestock............................ 320.23
.$315,489.85
TOTAL.....................
„ . liabilities
Capital Stock................$40,000.00
Income Debentures sold......$25,000.00
Total Capital Structure.................. 65,000.90
: Surplus Fuad ........................ 6,009.00
•f Undivided Profits, net............. 364.95
Reserve for Debentures ................. 200.00
Individual Deposits subject to check,
including time deposits due in 30 days____ 200,524.90 ■;
I Customers’ bonds deposited for safekeeping. 43,400.90
\ I STATE OF TEXAS,'.....................$315,489,86
County of Shelby.
We, W. D. Wade, as President, and B. J. HaaiLoru,
as Cashier of said bank, each of us, do solemnly
swear that the above statement is true to the best of our
knowledge and belief.
W. D. Wade, President
B. J. Hawthorn, Cashier.
Subscribed and sworn to before me this 6th day of
January, A. D. 1939.
T. J. Molloy, Notary Public, Shelby County, Texas.
CORRECT—ATTEST:
J. D. Hairston, A. N. Summers, g. H. Hebert, Directors.
Member The Federal Deposit Insurance Corporation
(Continued on Last Page) 1
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Molloy, T. J. Timpson Daily Times (Timpson, Tex.), Vol. 38, No. 8, Ed. 1 Wednesday, January 11, 1939, newspaper, January 11, 1939; (https://texashistory.unt.edu/ark:/67531/metapth812581/m1/1/?q=a+message+about+food+from+the+president: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Timpson Public Library.