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Abilene Reporter News: Friday, December 30, 1938 - Page 1

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   Abilene Reporter-News, The (Newspaper) - December 30, 1938, Abilene, Texas                               WIST TEXAS' f ty Abilene Reporter "WITHOUT, OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT VOL. LVIII, NO. 212. ABILENE, TEXAS, FRIDAY MORNING, DECEMBER 30, 1938. -TWELVE PAQEg. Gtlut! rrtM (OF) PEICB FIVE CENTS, WITH NO 'HEDGES' TACKED ON Babson Predicts Business At Close Of 1939 To Be Best Since 1929 Says Volume Will Advance 20 Per Cent Higher Incomes, Prices, More Jobs Seen As Factors By ROGER W. BABSON BABSON PARK, Mass., Dec. business by the end 1939 will be as good perhaps even belter than at any year-end since 1929. There may be periods when business will mark time, but the aver- age volume for the year will be around 20 per cent above the 1938 level. Johs, wages, re- tail sales, stocks, and even farm prices should all chalk up good-sized gains. It even possible that the sharp peaks of early 1937 will be topped hut this is a pretty long shot. Considering all factors. I fore- cast that 1939 will he a year of moderate prosperity. There are no 'hedges" tacked on to my forecast as there were In several years past. In J937. I fear- ed that the sit-downers would upset the apple-cart. A year .iso, Wash- ington's Inertia worried me. But today. I can see no reason why ttie tides of recovery should not carry us vigorously forward perhaps even to new highs since 1629. This will merely be a continuation ot the uptrend which began In 1632. Frankly, I do not consider the 1931- 38 recession as anything more than a temporary, but sharp. Interrup- tion of the upward swing. I emphasize this bit of "back his- tory" because I believe it has an Important bearing on confidence at the moment. Millions of people- as we got further and further away from upon that year as setting a record which can never again be touched. As of the sharp ups-and-downs ot the past decade, they have come to be- lieve that hard times are 'how nor- jna! times In America. 1 disagree. I think that these people have lost their horizon! 1 do not believe that 1929 necessarily represens the pin- nacle of American business. It Is true that some factors are Jess favorable than In 1925. Among them are taxes, bureaucracy, and lack of faith. We have, however, the following favorable Items to- day: 1. Our population has grown IfM.ISXl since 1029. 2. Thousands of new products have been indented. 3. Production efficiency has aoar- ed 50 per cent in ten years. 4. A huge deferred demand for goods has piled up. 5. Credit reserves are the great- est In history. 6. Production costs are lower than last year. 1. Wholesale and retail Inventor-, les are relatively low. 8. Confidence Is returning as "business balling" lessens. 9. Billions will be spent on arma- ments and pump priming. PEDESTRIANS BATTLE WINTER GALE NEW IDEA OF HEREAFTER PROPOSED IN LIASON BETWEEN RELIGION, SCIENCE RICHMOND, Va., Dec. new liaison between science and religion was pro- posed today by one of the great world-leaders of science, Sir Richard Gregory, to Ihe huge organization that represents all new world science, the Ameri- can Association for the Ad- vancement of Scter.ce. The editor of Nature, London magazine of science, suggested a new Idea of future life, where In the place of eternal life there will be a completely dif- ferent creation after the pres- ent earth has come to an end. The time has come, he said, when "exalted spiritual Ideals" must be combined Iwth the re- sults of scientific research. "Whatever differences of op- inion may said Sir Rich- ard, "as to the respective fields of religion and science they meet on common ground in the pursuit of truth and its Influ- ence upon human life and con- duct." Sir Richard said that the split between religion and science started from the early Hebrews and the Greeks. The Greeks were the first to invent the word "nature" to define a dif- ference between divine attri- butes and scientific study. Sir Richard pointed out that belief in the existence of an omnipotent power behind the universe Is universal. Faith he defined u, a belief not depend- ent upon material evidence, yet, contrary to popular belief as being one of the regular instru- ments at scientific discovery. "Altl-.oush science is unable to provide." he said, "any posi- tive evidence for survival ol personality after death, It must acknowledge that belle! In such survival Ii a powerful ethical factor In human devel- opment. "It is Just as permissible, therefore, to assume that an- other world awaits habitation of an exalted type of humanity after this earth has come to an end, as It is to believe In the eternal existence of Individual- ity." m EXTENDING SCOPE BEYOND WEST TEXAS Patrolman Water Klnn (left) was one of numerous Buffalo, N. policemen u-ho helped pedestratns across street inter- sections In the face of a Si- mile-an-hour gale as the worst storms of the winter sivept eastern states. (AP Telemat) Cold Wave Will Be Short-Lived With the blizzard flag at full mast over the TJ. 8. agriculture depart- ment weather bureau here last night, Weatherman W. H. Green expressed possibility of a new seasonal'low before morning. Th regular nightly weather report showed the mercury standing at 35 degrees, minimum for the day, at 9 o'clock. Extremities In the weather yesterday allowed H slow falling mer- cury throughout the 21 hour period. Maximum for the day was regis- tered at about a. m., while the low waa not until 9 p. m., more than 22 hours later. At midnight the airport weather bureau reported ttie temperature Freight Rates Battle To Solons C-C Executives Include Move In Own Programs standing 29 degrees. For the second time this week livestock warnings were Issued by the bill cau. Forecasts jiredlctsd how- ever that the second cold wave would be short-lived. The official forecast said Friday would be cloudy and colder with Saturday partly cloudy and wann- er. Receipts 12 Per Cent Above TEXAS RANCH COUNTRY BALANCES ITS BOOKS IN BLACK INK 10. Building Is on the threshold of a real boom. GRADUAL IN EARLY MONTHS For these, and other reasons, I believe that the forces of recovery are still predominant. Right now business stands at 99 on my Bab- sonchart compared with 8i a year ago. 1939 will open, therefore, with activity 18 per cent above the early days of 1938. Indications are that, as we work along through the first half of the year, business will reg- ister a slow but healthy gain over Ihe January levels. The entire first half of the new year should show a 25 per cent Increase over '.he gloomiest months of early 1938. The second half of 1939 should see a continuation of the gains. Mj- forecast, however, Is contrary to Ihc expectations of many ppople. They look for business to taper off and even to slide backward when govern- ment pump priming ceases next Mny or June. Nevertheless, I am willing to predict that the second half of the year will be bettor than the early months and will run 15 per cent above the last half of 193S. The en- lir-j year's gain should average around 20 per cent. This would put the Babsoncharl at 106 to JOS by next Christmas. NO DISTURBING LEGISLATION' The absence of disturbing new legislation may well spark this ad- vance. Since 1933. the cues tor my annual forecasts itave been found on Pennsylvania avenue. This year, we face a new set-up. The marked increase In the republican delega- tion on CapHol hill, phis Ihe un- purged democrats, can lick any fur- ther new deal reforms. On Ihe olher hand, the president still re- tains enough "100 percenters" to block any serious revision of exist- ing laws. The Wagne- act, for instance, may be amended, but only If the president agrees to the amend- ments. Many tax law changes will be proposed, but few will go through. The fiscal reform may be the elimination of tax ex- emption on new government bonds. Moreover. It is possible that public BABSON, 8, Col. 1 Hunt Palo Jail Breakers PALO PMTO, Dec. Texas otficers sought two men to- night who escaped from county Jail here today after locking up the Jail- er and four other persons. The fugitives, W. T. Haley, 24, and A. G. Patterson, 21, fled In the Jailer's, automobile. Jailer O. H. Howard and Dr. R. H. Smith, county health officer, went to Haley's cell to treat his ear. Haley drew a gun, took Howard's keys and locked the two men In the cell. Haley, assisted by Patterson, then locked three other members of the Jailer's family in the jail runaround! While they were imprisoned, daughter, Miss Juanita Howard, 22, escaped the notice of the two men. She released the others. Haley was brought here on bench warrant from the state prison a month ago. Patterson was awaiting grand jury action on a forgery case. Second Icy Biasf Strikes Midwest BT The Associated Press Middle Westerners stoked lip furnaces and tossed more blankets on their beds last night as the stc- ond cold wave In four days spread out of Canada. By the time the chilling spell Vs New England and the At- antlc seaboard, probably over the weekend, light snow will bring ris- ing temperatures to the midwest, 'orecasters said. At least 30 deaths from exposure >r other causes attributed to Ihe week's cold were reported. The subzero spell that struck the plains states and Minnesota yes- :erday was expected to overspread :he north central states this mom- ing and continue easward. 44-Year Resident Of Tuscola Dead TUSCOLA, Dec, Ann Lackey, 82, died nt 10 o'clock tonight at the home of her daugh- ter, Mrs, J. B. cox of Tuscola. with whom she had lived fur many years Funeral will be held Friday after- noon it 2 o'clock at the Tusco! Baptist church, with the Hcv. W I. Taylor, pastor, officiating. The Jenkins-Hodge funeral home will be in charge of burial In the McBee cemetery at Ovalo. Mrs. Lackej had lived In Tuscola since 1894. Her liujband, John Lackey, died in 19H. Survlovrs besides the daughter are a son, R. c. Lackey of Pampa, one sister, Mrs. Betty "shook of CJils- holm. Tex. six grandchildren and one great grandchild. Kills Child Bride, Farher-ln-Law, Self TERSE HAUTE, Ind.. Dec. Captain Clint Scward said William Query, 33, of Clover- tfale shot ar.d killed his 15-year-old bride, Betty, and her father, Ralph D. Kendall, 39, and then committed suicide at the Kendall home here tonight. Query was free under sl.OM bond from a Greencastle court on charge of coi.tributilng to a minor's delinquency In his marriage Christ- mas day la the girl, who gave her age as 18 to get a license. Area Lawgivers Will Offer Bills, Bandeen Reports Enlistment of all West Tex- as in a fight for equalization of freight rates inched farther afong yesterday. Secretaries of West Texas chambers of commerce met here, discussed the campaign at length and voted to recom- mend inclusion of the move- ment in work programs to their local boards. Nearly a score attended the conference. PROGRESS SKETCHED AVilburn Page, manager of the Wichita Palls chamber of com- merce, presided. Progress of the fight on asserted- ly "dlscfimina fory "fretgrit" "rates, launched by the West Texas Cham- ber of commerce, was sketched by D. A. Bandeen, WTCG manager. He hailed the movement as one reaching beyond regional bound- aries, perhaps national In scope. Half a dozen agencies already have pledged support of a National Freight Rate Biuality federation, organized tentatively at a district meeting December 12 in Ajnarlllo. Bandeen estimated that vari- ous West Teias agenda hare spent between and in the past two decades seeking equal rates. "Where has it gotten he asked, charging competitors of other territories ship though this region more cheaply than do West Texas producers themselves. DIFFERENT CHANNEL waged from within this territory, waged from within thl sterritory, Bandeen said, with reference to numerous hearings before the erstate Commerce commission anc endeavors. The proposa" now, he explained. Is to carry the ight into political channels in an approach from another angle. Out- come ot ICC hearings in recen months, Bandeen reported, is noi definite. He said if West Texas objective; ire achieved before the ICC, how iver, this region will have sue cueded only in preventing >f freight rate inequalities from :o 90 per cent. Several West Texas congressmen By Associated Press The Texas ranch country balanc- ed Its books In black Ink as pros- perous 1933 ended. Bank accounts bulged with cash from sales of last yeai'j surpluses and this year's crops of livestock, wool and mohair. Christmas rains had revived dry ranges. Livestock prices were higher generally on firm markets. While ranch receipts of the United States fell 6 per cent below 1937 figures during the Ilrst ten months of the year, the U. S. de- partment of agriculture estimated Texas receipts rose 12 per cent to total to the like period of 1937 when markets nose-dived with the business recession. The total cash receipts for Texas ranch products during 1938 are ex- pected to ran well above 000. ing during 1938 estimated for cattle, jheep and hogs. Northern buyers paid West Texas wool growers an estimated for pounds of wool, and coalmen got about for pounds of mo- hair. Unsold In West Texas were about pounds ot wool and pounds of mohair. Mar- kets for these products were In the Fort Worth livestock commission i doldrums last New Year's and the men helped swell this totil by pay-1 carryovers were several million pounds greater. "Livestock producers and feeders: In the Southwest have had a. good said W. L. Pier, vice-presi- dent of the Port Worth national bank. Unusually large numbers of cat- tle.and Iambs have been sold and shipped to other states at pilceii which have held steady on cattls anti have gradually Increased, on' lambs stnce early Pier said. YEAR AND HALF SEARCH ENDED- Native Texan Heads University Dr, Rainey To Confesses Killings as., Dec. Solicitor Genera'. Samuel A, Cann said tonlsht Marion Hunter, 2j- ycar-old negro, coniessed the s'.ay- Ing of five persons here on 21 in ft robbery in which he obtained dimes, nickfls and pennies from slot machines, a shotgun and hits of clothing. Sonora Cattlemen Get Export Permit NOGALES. Ariz., Dec. Mexican custom; broker, said today permission t< export cattle In the rjnite  have agreed to introduce a bill a the next session of congress to re medy the freight rates Bandeen reported. He situation prcdlctec conflict because of heavy population in the territory no aenefitting by rate Inequalities. "I believe that a 30 cent re See RATES, Tg. 5, Col. 5 The Weather lamlin Counts Achievements Main Speaker For C-C Annual Banquet By Staff Writer HAMUN, Dec. 29. People of In'and cotton con- entration point in heir friends of neighboring com- mnttles tonight broke bread at the nnual banquet marking beginning f a new year's work of the cham- er of commerce, it was a gather- ng in which there was much of ratitude for things the past year las brought. Harry Hines, state highway com iwloner was the speaker. Hamlin has received an unu- sual quo U of fundamentally vital things in this put year. Good fortune has been earned and not gained by accident. That the chamber of commerce by IV. C. Russell, presi- dent, and W, E. Benson, jecre- been the agency that has organized thf community's energy for fulfillment of great needs, is universally recognized. Only within the past few ground has been broken for a gallon city water reser volr. In the successful effort to as sure this the chamber of commerc n-orked hard along with the city whose members are active in the chamber also, It was, therefore, a very signifi- cant annual meeting tonight. Ham- lin, with soil of unexcelled richness all about, with a hundred oil wells near its door, with great cztttc ranches soon have a water supply adequate, and to spare. There has been one other major obstacle for Hamlin highways. Thankfulness tonight was double because the highway committee of the of commerce In the past year has succeeded in getting construction under way of high- Court BAR 'CASH AND CURTSY' DEBS Ordered By .George Job Next June King George "VI himself was tonight to have given orders (or a shake-un ol the system of court prftsentations to keep '-'cash and curtsy" debutantes out of Bucking- ham palace's white and gold throne room. The Diiljr Mail st.ld thit Lord ChamtxrWn hid decided lo 58 applications froD? Debutante's and matrjns for at one of next rears four courts because they engaged financially embar- rassed peeresses to sponsor them. King George's strict aversion to exploitation of royalty for private gain was said to be back of Lord Chamberlain's decision. It Is expected other applications will be refused, not because of the financial angle, but because more always are received than can be approved. Last July several peeresses were Informed by Lord Chamberlain that their attendance at further court functions In 193ft would not be "required." Some of these were reported to have accepted upwards of for sponsoring YODJIJ women "for the season.'1 The high point of the special season for a debutante is presen- tation at a royal court when she curtsies before the fclne and queen. Some 'iOO debutantes and matrons usually are presented at each court. Big Spring Taxi Driver Hijacked ARII.r.NE AMI Friday and sala EAST TKX.IS: I'arlt und arti j {toady, warnKf flKST T.I1X.VS: daj; VICINITY: Tartly warmtr Sat- Hijacking and kfdniilnf of a. Big Spring taxi driver last night about o clock apparently added a seventh crime to a froTriny list of Jioldups in West Texas by a bold youthful gun- man. Bf? Spring police said last night that the driver waj called to an address and or- Rebels Ground Loyalist Vessel GIBRALTAR, Dec. Spanish government de- stroyer Jose Louis Dlez was forced aground near here early today after attempting a desperate dash for way 52." from j freedom through a gauntlet of in- i- n 1 IS; promise of the closing of unimprov- ed gaps in No. 33 from Hamlin to Guthrie northward, and continua- tion of designation of the Hamlin- McCauiley- Sweet-rater route, plans Tor the Jones county route. Flans this last highway have been finish- ed and contract is scheduled to be let next month. In view of these developments it was Pspeclally appropriate that to- night's speaker should be Highway Ct-mmlssioner Hines. Hinw said he hoped that improvement of the route to Sweetwater wouM come within the limits and bounds of his administration, and that he was {hoping that the spring asphalt pro- av'' SPC H.tMUX, Tg. ,1, Col. I PHOTOGRAPHER'S BULBS FLASH IN PAN 10 ENRAGED LLAMA SALT LAKE CITY, Dee, Is the story of a mod- ern matador who fought an en- raged llama with Hash bulbs In a too pen. Newspaper photographer Ross Wclser, "covering" a fire at Hogle Gardens zoo, went inside the to a good shot. He shooed two buffalo, seven elk and the llama out of his way. The llama charged Welser. He scared it by shooting a flash bulb in Its face. Befot the pho tographer could re-load the ani- mal charged again, running around the pen with the llama on his heels, slipped another bulb in the pan and Said welsor, "I flashed him a third time but by then he was aware my artilleo" was only a flash in the pan. Round and round the arena he 1 was flash bulVs as Cast as I could reload and the llama was in hot pursuit. I yelled for somebody to get me out or bull- dog the llama. But the firemen were busy fire and the spectators weor just apectating." The photographer escaped by diving through a gate. The fire did damage, didn't get any pttcures. urgent warships. Before running aground, It was reported here, the vessel rimmed and sank the insurgent minelayer Jupiter. Gunfire from insurgent land bat- teries at and frori ths in- surgent cruiser Canarla, and o'her insurgent vessels forced the tone government destroyer aground on eastern beach, roughly fifty yards from shore. She had been undergoing repairs in the haven ot this British port ever since last August 27, when she limped in atter a punishing battle in straits with insurgent war- is hips. Thirty-two men Including 26 insurgents held aboard as prison- ers, were killed in that engagement. Stock Exchange Expels Member NEW YORK, Dec. first expulsion from the N'ew York stock exchange since Richard Whitney's ousting last took place today when J. A. Sislo, gen- eral partner In J, A. Sisto and Co., was expelled for improper business conduct. Edward A. Bar let: Jr.. chairman, announced the board of governors had convicted Sis to on three dered (o drive north toward the cemetery. There he was relieved of his cap, a pocket watch and several dollars in change taken from him. The gunman ordered him back into the automobile. The taxi driver wu let out of the car on a lonely cope try .road several mile? north of 2ig Spring. KJ lud to walk almost to town before he could notify police. Biff Spring police said de- scription of trie gunman given them bv the Uxl driver lilted a well known escaped convict sought by Abilene and Sweet- water officers for hijackings there. Last trace Big Spring officers had of the taxi H was seen driving south on the San An- gelo highway at a high rate of speed, Capt Ed Cot nelius of the Abilene police said the descrip- tion given by the Bfg Spring gunman fitted that of the man wanted in three filling station holdups and two hijackings here. He Is aiso wanted for the hijacking and of a ta.tl driver in last Sunday, Three Arrested In Hijacking Epidemic Three suspects arresiM yeste: day for Investigation in connecUo with a series of filling station holt ups and hijackings recently le Abilene officers apparently no nea er solution of the crimes than eve One man was brought here from' Breckenridge where officers ar- rested him at request of Abilene police- The other two, Snyder men, were arrested in a of a local hotel. All three were fingerprinted ar.d photographed and are being held for questioning, Labor Aide Named WASHINGTON Dec. 29 i.Fi Marshall K. Dimcck of Chicago, was appointed by p-esidcnt Roosevelt today as second secretary of labor. .More )han That Paid Grid .Coach AUgTDT, --i'fco. Agents of University of "as announced today tha hoice of, Dr. Homer .Price Eainey of Washington, director f the American youth1 com- mission of the American Conn-' il on Education, us president f the school. URGES SWPOET The selection ot Dr. Rainey, U ears old and a native Texan, end- ed year and half search for uccessor to Dr. H. Y. Benedict, wao died In May, 1937. Dr. Rainey Is expected to assume the position after the close of the present term next Jane and In the neantlme J. W. Calhoun, coiitptrct- er, will continue to serve as acting head of the Institution. In ft statement. Dr. Rainey dieted splendid future fir Ihc unl- verjlty, said he was acrtjKBg the. jrtsldency with a "desp sense ol obligation" and solicited smport of Texas citizens that "blether we may realize their hlghist cspira- for their university.r Dr. Edward Randall, chairman cC See RAINEY, Pf. 5, Col 3 to take advantage of Dec. Bargain Rates on The Abi- lene Eeporter-Nsws. RATES IN ABILENE (By Carrier) SAVE OVER 10 <4 Mornlnj Edition, with Sunday ___ Evtnlnj Edition, with Sunday BOTH PAPERS with Sunday BY MAIL SAVE OVER 30% Either paper, irith Sunday (In IVesi Texu Only) The Abilene Reporter-News PHONE 7371   

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