The Bogata Tribune (Bogata, Tex.), Vol. 2, No. 3, Ed. 1 Thursday, June 4, 1959 Page: 2 of 4
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THURSDAY, JUNE 4, 1969
THE BOGATA TRIBUNE
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Warn
THE v BOGATA TBIBUHB
FOOT OFFICE BOX »
rmti at
Bogata, Texas
JUT REAVIS
!,\V
EDITOR
JOANNE REAVIS......*..... .... PUBU
Local News From . . .5
John town
Entered at the Post Office in Boprta, Texas as 8ecortd
matter September 4, 1858 under Act of Congress of March 3.
1879. as amended.
Subscription Rates: In Red River County, Texas $2.00
per year; outside Red River County, Texas $2.50 per
year.
CLASSIFIED ADVERTISING RATES
3 cents per word first insertion; 2 cents per word each additional
Insertion. Minimum charge 25 cents.
Niun
oui, southwict
WRIGHT
WE
BOND GIVEAWAY BILL:
Congress seems certain to pass
the bill to giveaway, to the pH
vate banks, about $15 billion in
old U. S. bonds now stored in
the vaults of the Federal Re
serve banks, but not canceled.
The bill has passed the Senate,
and has little opposition in the
House. The bankers are lobby
ing to obtain this windfall and
the public is not objecting, most
ly because the public doesn’t
know about t^ legislation. I
am finding, though, that the aca
demic journals have not been
silent. Last year when. the pro
posal was first made, the plan
was to give the banks $9.8 bil
lion, and Alyin H. Hansen, a
Harvard professor and well
known monetary expert, wrote:
The bankers are, in effect,
usking Congress to hand
them on a silver platter $9.8
billion of earning assets in
place ot an equivalent amt.
of unearning cash assets
which they are now required
to hold as reserves.
This legislation was begun
by the American Bankers Asso
eiation, which is most interested
in benefits for big bankers, es
peeially New York and Chicago.
Professor Hansen wrote:
It is evident that only a
very small part of the wind
fall would accrue to the
smaller so called country
banks which hold about 38
percent of the total assets
of member banks. The pro
posal, if enacted into law
would conspicuously favor
the large banks.
The past week wittnessed im
portant events concerning
branch banking. In Illinois, the
two largest banks in Chicago
were boosters for a bill to per
mit Chicago banks to establish
branches. It was withdrawn in
the Legislature; the people
heard about it, and there was
a ground swell of resentment.
The same situation developed
in Wisconsin; there a bill pro
posed to allow Wisconsin banks
to open up to five branches in
the county in which they are
located. The independent bank
ers led the fight which caused
its defeat. An opponent in the
Legislature called the bill “a
cannibalistic device t° enable
large banks to eat up the small
ones”. In Missouri, a few mon
ths ago, there was a state wide
election on the question of al
lowing limited branch banking.
It, was overwhelmingly defeat
et Every time the people get a
chance, they oppose, by their
votes, absentee ownership of
the banking business.
Recently, I had the honor of
addressing the annual national
convention of the Independent
Bankers Association in Phila
delphla. My talk, which seemed
to be well received, was on the
problems facing the home town
banks and the devastating ef
fects of absentee owned and ab
sentec controlled businesses, in
eluding banking, that should
properly be owned and operated
by local people.
Texas has the best protection
for the people on this score of
any state. We have in our Con
stitufion a provision that pro
hibits branch and holding com
pany banks. In this respect our
State is unique. These fine pro
visions should be retained; they
can be changed only by a vote
of the people. It can be hurt,
however, by the increasing mon
opolization of banking else
where, resulting from all the
bank mergers and the break
clown of state laws against
chain banking.
TESTING for radiactivity in
milk in the Washington area
was turned down by the U. S.
Public Health Service last year
because it claimed it did not
have enough manpower or
funds. A 17 year old Washing
ton schoolboy undertoon the
project and successfully devised
an apparatus, costing $28.50,
for measuring radioactivity.
By Mn. iFraaete Foster
Parker of
Mr. and Mrs. Deb
Dallas jyere hen a abort while
Wednesday visiting relatives.
His father, Mr. George Parker,
came with them and remained
lor a longer visit with relatives
here.
Mr. and Mrs. Lynn Ross
Rhodes left Tuesday for Mid
land, where he will be employ
ed.
Mr. and Mrs. Wendell Hervey
visited in Channel View with
his brother and family, Mr. and
Mrs. Buford Hervey and daugh
ter recently.
Mr. and Mrs. Burl Duffie and
son. Gene, and Hal Potter, of
Lorena, visited friends and rela
lives here over the weekend.
LOCAL
Leroy Lewis la reco^crallng
at his home after several days
Mi and Mrs Leroy LfWis re
ceived word fThrn their eon, A
2nd Claes Robert Lewis. Mon
day that his time had been ex
tended and he will remain in
Greenland until some time In
July.
-x-
Kirby Duncan has returned
from Germany and received his
discharge May 23. He spent
the week end with Charles Le
wis of McCrary. Eddie Duncan
of Irving also spent the week
end.
J. E. Sloan of Talco visited
in the W. A. Black home Fri
day.
Mrs. Josie York, who has
been visiting for sometime in
Atlanta, Georgia, with her dau
ghter, Mrs. Grady Rhodes and
family, returned to her home
here Saturday.
Mrs. Velma Watson and child
ren of Bogata spent Saturday
night in the home of her moth
or. Mrs. Mollie Rector.
Mr. and Mrs. Francis Foster
had as guests Sunday her un
cle, Mr. and Mrs. Sam Kenne
more and children of Post Oak
and Howell Potter of Lorena.
Mr. and Mrs. Kennemore also
visited in the home of another
niece, Mr. and Mrs. Hubert
Horn.
POLIO cases are reported to
have increased by 83 percent
in the first quarter of this year,
because people have neglected
to have the Salk vaccine shots.
GOVERNOR ROCKEFELLER
wrote a congressional commit
tee, without being asked, recom
mending a bill to double the
size of Federal grants for wa
ter pollution control The bill
is flafly opposed by President
Eisenhower, who has proposed
turning the stream pollution
control program over to the
states.
LOCAL HAPPENINGS
Mrs. K. D. Coleman and son.
Jimmie, of Santa Clara, Calif ,
arrived Saturday for a visit
with her .mother, Mrs. Luther
Bryson, Mr. and Mrs. H. E.
Bryson and boys. Mrs. Coleman
will be remembered as the for
nier Virginia Bryson.
Mr. and Mrs. Morris Parker
visied her brother and family,
Mr. and Mrs. Eunice Pirtle, of
Longview, Sunday night. Mr.
and Mrs. Parker plan to visit
her son, Mr. and Mrs. Charles
Pirtle, of Magnolia, Arkansas,
Monday.
Mr. and Mrs. Jim Hervey and
Mrs. Francis Foster attended
church services at Rosalie Sun
day .night.
Mrs. Ervin Horn of Talco
visited Mr. ana Mrs. Hubert
Horn Sunday.
Mr. and Mrs. Alex Daniels
and boys of Paris visited Sun
clay in the home of their dau
ghter and family, Mr. and Mrs.
R. C. Hinson and family.
Miss Johnnie Qunlton and
Mrs. Bessie Singleton, of Long
view, were weekend guests of
Mrs. Tucker Quinton.
« —
Mr. and Mrs. Harold D. Ma
thena ana children of Oklahoma
City, Oklahoma, spent Satur
day and Sunday in Bogata with
his parents, Mr. and Mrs. Geo.
Mathena, Mrs. W. W. King, Mr.
W. B. Speii and other relatives.
They were enroute to Pasadena
to make their home. Harold
Dean having been transferred
there.
Mr. and Mrs. J. L. Thomas
and children oi Paris were
guests Sunday $i her parents,
Mr. and Mrs. G. A Vaughn
Mr. and Mrs Drue Pirtle, Mr.
and Mrs. E. V. Pirtle, and Mr.
and Mrs. W. E. Hawkins, all
of Longview, visited relatives
here over the weekend.
J. C. Fail of Talco visited hia
parents, Mr. and Mrs. Leon
Fail, Monday.
Air. and Mrs. Hugh Thom
hm of Oklahoma City, Oklaho
ma spent Friday v night with
Iwr brother, J A Fleming and
xsmiiy.
—«—
Mr. and Mrs. Lit Martin of
Dallaa spent lest week end with
her father. Mr. A. F. Roberts.
r -*-
Mr. and Mrs. Joe, Carr and
Marilla of Grand Prairie, visited
his parents, Mr. and Mrs. John
nie Carr over the week end.
They were accompanied by Mrs.
Felix Lawson, of Grand Prairie,
who visited in the home of
Mr*. Felix Hood and Mr. Hood
and other friends and relatives
here.
-X-
Billy and Charles Bryson are
ill with mumps.
Jerry Benham attended a
meeting of the Reserves at
Daingerfield, Sunday.
Mr. and Mrs. Bob
and children of Garland, vlsttad
his parents, Mr. and Mrs. Jeff
Hancock, ind her mother, Mrs.
Myrtle Thornton and family,
over the weekend.
—x-
Mr. and Mrs. James Lawson
and Mis* Susan of Irvine, ars
spending several days at bene
with their son. Buddy.
-a-
■
Miss Judy Roach is in Dallas
where she has employment. She
is staying with her aunt, Mrs.
W. J. Fowler, In Dallas.
- -
Melvin H. Vaughan of Den
ton, spent last week end with
his parents, Air. and Jj|h. Car
los Vaughan. Mr. and Mrs. John.
Vaughan of Dallas were guests
in the Vaughan home, and all
enjoyed a fish fry Sunday.
Mr and Mrs Beachsm GUI of
Grand Prairie, accompanied her
mother, Mrs. Joe Jones, home
for a few days last week, return
ing to their home Friday. Mrs.
Jones accompanied them to
Grand Prairie for an extended
visit. | ||
Mrs.
lers, Ol
Summer Is Coming
GET READY FOR THE SUN WITH . ..
WATER KEGS COOLER CHESTS
ELECTRIC PAHS
ALL SORTS OF FISHING TACKLE I
MIXERS A IRONS
LASSITER'S HARDWARE
ME2-5724 BOGATA
DR. J. E. TROUTT
DENTIST
HOURS 9:00 A. M. — 5:00 P. M.
BOGATA CLINIC
OFFICE PHONE ME 2-5212
Residence Phone ME 2-5311
BOGATA, TEXAS
For happier homemaking ...
ELECTRICAL
As 4
w
METZGER'S MILK
ONE QUART OF BUTTERMILK
FREE
WITH PURCHASE OF 1-2 GALLON OF
V
C ft A
cX
jamas
FOR EVERY OCCASION
Costact
Mn. «•!*•■ AIUm
is ME 8-55X1 V BOGATA
GRANT FLORIST
CLARKSVILLE
METZGERS HOMO MILK
.45c
HORMEL BACON, lb.
.43c
ALL MEAT FRANKS, pkg.
.39c
25 pound, plain sack
YUKON FLOUR
$1.69
ORI8GO, 3 pounds
-83c
WESSON OIL, quart
.49c
White, Chocolate, Yellow or Honey Spice
BETTY CROOKER CAKE MIX
.29c
You give year around
pleasure and convenience
when you give her an
electrical gift. Electric
appliances speed work
around the house, add to
the fun of living, help
SEE YOUR
ELECTRIC APPLIANCE
DEALER
W
make homemaking easier all
around the dock. Choose
•3*
L a , t
Bed POTATOES, pound
GIBSON
■a t
^
something electrical
*
GROCERY t FOOD LOCKER
and you’re sure to please!
.r ..dfrjfr* V.fr W-- ‘-r----r >r
, . —*
■ $.’i ' .1
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Reavis, Jim. The Bogata Tribune (Bogata, Tex.), Vol. 2, No. 3, Ed. 1 Thursday, June 4, 1959, newspaper, June 4, 1959; Bogata, Texas. (https://texashistory.unt.edu/ark:/67531/metapth901927/m1/2/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Red River County Public Library.