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   Abilene Reporter-News, The (Newspaper) - March 29, 1938, Abilene, Texas                               VOL LVI I, NO. 311. OR WITH OFFENSE TO FRIENDS OR FOES, WE -SKETCH VOUR AVORLD EXACTLY AS fT ABILENE, TEXAS.-. TUESDAY MORIS ING, MARCH 29, PAGES PRICE 5 CENTS NEW DEAL MARKS UP VICTORY- Senate Passes Government Reorganization Bill Court Ruling In Victory For FD Tribunal Decides Holding Firms To Register With US WASHINGTON, March The Roosevelt administration won tt long drawn-out legal struggle with utility holding companies todtc when the supreme court decided the companies must register with the securities and exchange commission. In a 6 to I decision, the court held constitutional provisions of the 1935 holding company act requiring the companies to register and submit financial statements. Justice Mc- Reynolds dissented, and Justices Cardozo and Reed took no part In the decision. HOLDOUTS REGISTER Prominent "holdouts" among the utility firms began registering this afternoon. Such registrations were filed by United Corporation, Com- monwealth one! Southern and United Telephone and Electric Corporation or Wilmington, Del. The high tribunal dealt only with a portion ol the holding company act, passing no judgment on sections designed to split up some holding firms, abolish others, and regulate the remainder. From the SEC a statement calling on the concerns to comply voluntarily with certain provisions not covered by the decision. The SEC said the aim of these provisions was "elimination of holding com- panies to Integrated systems and the simplification of corporate struc- tures ol such system." A "reasonable time" will be given for such voluntary compliance, the SEC added. INVOLVES ZT FIRMS The litigation decided today In- volved a suit filed by the SEC against the Eleclrio Bond and Share company and 26 subsidiaries. The majority opInlon'Vdelivena-Sy Justice Hushes, agreed with the gov- ernment's contention that the con- stitutionality of only sections (a) and 5 of the law was at stake. The companies argued validity of the en- tire act was In question, and that this point should be determined be- fore they should be compelled to register. Auto License Sale Near Halfway Mark More than half of Taylor county's automobile, license tags remain to be issued in four days, books of Pat Patterson, assessor-collector, show. At closing time Monday his office had issued passenger license plate sets. Previous years' registra- tions show that cars are being operated in the county. Patterson's office is preparing for long standing lines as the remain- Ing auto owners "pay off" be- fore the deadline, Friday midnight. Winters Youth Held In Fatal Accident SAN ANGELO, March Alt-is Jobe, 24, Winters, was held in Jail here tonight after bonr1 had been set at folJowing filing of charges of driving while intoxicated. Jesse Lee Pope, 50, San Angelo shoo salesman, companion ol Jobe Injured here last night in a crash in which four other per- sons, none seriously, were hurt. Funeral services for Pope, formerly a resident of Tuscola, were held this afternoon in Novice, Coleman county. Pope survived by the widow, four children, the mother, six broth- ers and three sisters. His death was the fifth resulting from tralfic accidents here on the past three weekends. After Closing Own UNCLE SAM MOVES TO CRIPPLE MEXICAN SALE OF SILVER IN FOREIGN COUNTRIES WASHINGTON, March 2S-MV- The United States, having closed its own markets to Mexican silver following the Mexican govern- ment's seizure of American oil properties, took action today which will make It difficult for Mexico to sell the metal elsewhere In the world. The American treasury, which virtually dictates world silver prices, lowered.Its bid for foreign metal for the first lime In more than two years. It reduced Its price frohm 45 to M cents an ounce. Well-ihformed persons said this indication of lessening American support probably would weaken the world sliver market so that Mexico could sell silver abroad only at sacrifice prices. Treasury officials declined to say why fhey lowered the price, but a spokesman acknowledged It was "significant" that the change 'was the first since January 20, IMS, And that this was the first time the United states had not stood firm when the London silver mar- ket showed signs of weakening. The London price declined cents today. Thus, the United states aparent- ly reinforced its Hand In dealing with Mexico regarding the exprop- riation of American oil properties and the raising of tariff barriers against American merchandise. Of- ficials left little doubt this was the purse, although the only public statement was Secretary, Morgen- fhau's explanation that the'United States would discontinue purchases of Mexican silver pending a re- examlnstion ,of and commercial relationships with Mexico." MEXICO CITY, March The peso reacted sharply today to the United States decision to- stop purchases of Mexican silver while the nation awaited anxiously Wash- ington's next move-, on President Lazaro Cardenas' expropriation ol the foreign, oil Industry. In unofficial street trading the peso was quoted at 4.60 to 4.70 td the dollar, a drop of 50 to 60 points from 'Saturday's quotations. Secretary Morgenthau's state- ment, in Washington that the United Stales had decided to "re- examine certain of its financial and commercial relations with Mexico" was subject of specula- tion. NEAR TEXARKANA- Twisters Strike Other Texas And Oklahoma Areas TEXARKANA, Ark., March 28.- least two persons were kill- ed and ten Injured tonight when a tornado struck a farming commun- ity four miles northeast of here. The swirling storm roared In fropy.the after 7 p. in., accompanied heavy rain and electrical display. It cleared a half-mile path some 200 feet; wide. A hurried survey showed four homes demolished and power and telephone lines levelled. CHILDREN 'VICTIMS victims were children. They were Billy Hay Davis, two-year-old son of Mrs. Vemla Davis, and four- year-old Charles Barnett, Mrs.' Davis was listed among the injured as were the parents of the Barnett child, Mr. and Mrs. C. F. Barnett, and. two other members of their family, a two-year-old son and a 16-year-old daughter. The storm hampered highway traffic and stalled many automo- biles. Leonard Jackson, Waterloo. Ark., was Injured when his truck was blown oij the road and over- turned. Honey Grove Sector Struck By Twister HONEY GROVE, March A small twister wrecked farm homes and outbuildings three miles west of here this afternoon. The home of G. W. McFarland was partially unroofed and that of Roy Chancy was moved about ten feet from Its foundation. The path of the storm was about 200 feet in width. The wind was accompanied by a heavy rain which brought the total here to more than six Inches since Saturday. Blows Do Damage In 2 North Texas Areas the Associated Press) Heavy rains flooded streams, and high winds damaged property over North Texas Monday. The west half of Gainesville's See STORMS, Pg. Col. i STATE SECY IN Coop Gin Officers From Wide Area Gather In Abilene Today Officers, directors and managers ot cooperative gins from 20 or more West Texas counties will convene in Abilene today for a regional meeting scheduled by the Texas Cooperative Gin association. Homer D. Wade, Dallas, secretary of the association and executive secretary of the Texas Cooperative council, Is to be In charge ot the meeting, one of a series of eight being held -in the stale. Wade said last night that rep- resentatives were expected to a't- tcud from 35 or 40 cooperative gins in the Abilene rtglon. The procmm will begin at 10 o'clock and con- tinue until late afternoon. Invita- tion has been extended to farmers and the public in general to at- tend tlie sessions, to be held in the Hilton hotel. Speakers on the morning program will Include J. E. Monlsc-.iery of Tyman, president of the Texas Oil Ocwr W. Herman, Washington, princi- pal economist in charge of cotton, cooperative division of the farm credit administration; C. B. Bow- les, cooperative markeling special- ist of the A. M. extension service; P. K. Morris, Washington, farm marketing service, U. S. department of agriculture. Principal speakers for the after- noon win be Roy Saunders of Greenville, representative of the bureau of plant Industry and J. R. Mecrary, calvcrt, president of the Texas Cooperative council. Third section of the program will begin p. nv. when conference of stockholders of the Houston Bank for Cooperative will be held. Ster- ling C. Evans, president, will be In charge. In last night for (he meeting wer, Ralph W. Moore, Granger, master of the Texas slat: Grange. Eastex Tornado Kills 2 Storm Waylays Half-Mile Path Nazis Clamor'Kill Schuschnigg' As Hitler Flays Him BERTJN, March Reichsfuehrer Adolf Hitler to- night acclaimed Austro-German .union as the greatest miracle in German history and the new nation as the strongest Germany that ever existed. Speaking to a cheering throng in the sports he ruthl-ssly denounced former Kurt Schuschriigg of Austria traitor, to; the' German As each .oratorical "blow' struck home, the crowd howled: "Hang "Kill. Meet Speaker U. S. Senator Tom Conolly will be a. speaker at the 20th annual convention of the west Texas chamber of commerce in Wichita Palls. Notics that the Texas senator will appear on Ihe convention-program was received yes- lerday by D. A Bandeen, manager. Th< announce men came from Wal- ter D. CHne anc Joe Brldwell b Wichita Falls convention pro- gram committee- men. Cline r e a c Conn ally's win of acceptance Ir a telephone con day morning. Senator Connally will speak April 27 at the final ses- sion of the three-day gathering His agreement to appear added another public figure'of note to the convention program. Mayor Korello H. LaGuardla Of New York city will address another genertl. assembly the afternoon of April 56. Announcement that Connally wtn be then caused a shift in plans for Abllcne's delegation. Tuesday, the second day of the convention, had been set aside as Abilene day. STAY EXTRA DAY J. C. Hunter, president of the Abilene chamber of commerce, said arrangements are being made for local delegates also to attend. Wed- nesday's sessions. Tentative negotiations have been for a special tram, he also wild. Hunter has asked railroad officials for rates. There must be at least'100 passengers if the train Is run, said. For that reason, he said, all per- sons who plan to attend the con- vention should notify the Abilene chamber of commerce. Because oil acllvlty has laxed ho- tel accommodations, he said ar- call for pullman cars to be chartered as sleeping quarters for two or three days If tite special train Is run. "In view of the facl that Abilene hasn't had the convention since 1930 and was nmnehip when choice of a host city was made Iwt year at Brownwood. we're going to renew that Hunter announced. Deposits In State Banks Up 13 Million AUSTIN. March Ing Commissioner Zeift Oossctt re- ported toc'ay s'ate bank rtcooslls as of March 7 totaled on Increase of over the call Of March, 193T en Wheat Picture Sky Clear After Fall Of Almost Four Inches Here Wheat prospects !n West Texas loom as bright as yesterday eve- ning's radiant sunshine.miking..its iirst appearance since Friday. that Ume 3.81Inches ef rainfall .seeped- IhUMhe 'pound'of the an remained, below., Lake Kirby'' caught four feet more moisture was trickling In from the watershed ;that was. waked.; by tytle lake-wept around the spill- way, and. waterjwas still :pburtng into Uke Abilene after an eight- inch rise. Farmers ana ranchers were beaming alter the most timely pre- cipitation the 'month of March. They termed the rain as "tailor made" and foresaw great prospects for the large grain crop. Row crops can be planted during the spring under near Ideal conditions. There was a heavy loss among goats of the southwestern part of Taylor county Saturday and Sun- day, due to the weather. Ranchmen estimated It was the heaviest loss since 1934. Other sec- tions reported only small damage. Howard Miller, Elmer. Huff and Raymond Dickson were among the heavy losers of goats. Two Hurt As Auto Strikes Culvert BALUNGER, March Two Ballinger men were injured this morning about 1 o'clock when their automobile struck a culvert Just west of Miles at the city limits of the city. Frank Partridge re- ceived fractures of both jaw bones and minor cuts and bruises, Jlm- mle Ratllff was bruised and cut in several places and suffered an ankle Injury, but was not seriously Injured. Partridge Is In the Halley and Bailey sanitarium under treat- ment, but Ratliff was able to be taken home after medical care. The two men were coming toward Ballinger when the car struck the culvert and turned over. Nine Killed In New Jewish Terrorism JERUSALEM, March Nine persons were dead and three missing tonight In a new outbreak of terrorism In the holy land. The Weather BEST TtSAS: Tmlr M ttritr tn rorlfefi. HM TEXAS: Mcisnvi mtcll hi Ite fn Ibc Strttitg OM.ANOMA: r.rtlj HOfR 1 ____........ 1 SO ............1ft Illchcil ImtrM Irmprralirrt l< p. til: SI-26, Rainfall for :i tmirn p, m., Htct t, .31. Proposal Goes To House For Final Approval Clark Thwarts Try To Send It To White House WASHINGTON, March 28. bill clothing Presi- dent Roosevelt with power to revamp the executive branch of the government passed the senate today, 49 to 42, but an attempt to hurry it to the White Honse hy a, short cut failed. PLAY HOUSE TORN UP While administration forces were exchanging congratulations over the bUl'i pasage, Senator Clark 
                            

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