Abilene Reporter News (Newspaper) - July 2, 1938, Abilene, Texas
mmpkpm€\)t Abilene Reporter'■W ITHOUT. OR W ITH OFFENSE TO TRU SDS OR TOTS WE SKETCH YOUR WORLD EXACTLY AS TI GOES.''—B.ro/i
VOL LV1 ll, NO. 34.
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ABILENE, TEXAS SATURDAY MORNING, JULY 2, 1938.--8 PAGES
Culled Crea* <tT»
PRICE 5 CENTS
WHERE'S THAT RECESSION?—Raw Goods Orders Flow As Mid-Year Buying Spurts
FDR Announces BOND REFUNDING OKEHED Abilene Indices
Itinerary For Western Trek
Major Speeches Scheduled In 4 Election States
Br JOSEPH H. SHORT HYDE PARK N. Y., July l.—LPl —President Roosevelt announced details today for his coming western trip. including scheduled major addresses in Ohio, Kentucky, and Oklahoma.
Leaving Washington July 7, the president will speak July 8 at the northwest territory celebration at Marietta. O. and at Latonia race track in Covington, Ky„
On July 9 he will make an address at the fair grounds In Oklahoma City.
He also will make off-the-train appearances at Amarillo, Tex., San Francisco. lei Aneles and San Diego. Calif., and probably will speak at all four. Roosevelt will review the United States fleet at San Francisco July 14.
Roosevelt'* plans will take him Into four states where democratic senators, claiming his support, are seeking reelee-tion. The Marietta address will take him into the territory where Senator Robert J. Buckley Is campaigning for another term.
The three Kentucky speeches will place him in the middle of the hot fight in which Alben W. Barkley, democratic leader of the senate, is opposed for renomination by Governor A. B. <Happy) Chandler.
Arrangements for hts Oklahoma City speech were made by Senator Kmer Thomas, who is opposed few renomination by Governor E. W. Marland and Representative Gomer Smith.
At San Deigo he will board the cruiser Houston for two weeks* of cruising and fishing in the Pacific. The cruise will take him to the Galapagos and Coco Solos islands, crossing the equator for a short distance Returning, the Houston will go through the Panama canal to some Gulf of Mexico or Atlantic port.
France, Turkey Settle Dispute
PARIS, July I.—<#)—Fra no* and
Turkey clasped hands today in a good neighbor pact, concentrated in the Sanjax (district) of Alexandria, which might change the political complexion of any new European war.
In addition to this treaty of friendship, which Fiance will seek to broaden Into a three-nation pact by negotiations with Syria, a military agreement was reached by which France and Turkey Jointly guarantee the internal and external security of Alexandria.
It was provided that from today equal numbers of Turkish and French troops would be stationed in Alexandria, the IO.000-square mile district which formerly belonged to Turkey.
Waives Hearing In WPA Fraud Case
TEXARKANA, Ark , July I.—l/Pi -Waiving preliminary hearing. Wood-row F. High. Texarkana grocer, posted a $2,500 bond in federal court here today on a charge of conspiracy to defraud the federal government in connection with alleged theft and sale of WPA relief commodities.
High was one of 14 ment cliarged in the alleged conspiracy. Four were released on bail last week and nine posted bonds yesterday. AU 14 pleaded innocent before U. s. Commissioner Flippin Cook.
Stamford Delegation Drive Meets Success
25 Cars Secured, One Bus Sold Out
Whan the foint committee of the Abilene Booster club and the Traveling Men's association meets at 8:30 this morning to check results of the first day's drive for a delegation to Stamford Monday, they will find progress satisfactory.
For the motorcade 25 or 30 automobiles have already been riefinite-. Iv promised. One of the chartered buses he' been completely sold out and reservations have been made for aM seats of a second bus
After the meeting and report, the committeemen will again take to the highways, byways, business houses and telephones to round up still more delegates. The boosters and travelers have made plans for the largest delegation in the history of the Cowboy Reunion at Stamford Monday.
A second committee meeting Is to be held late this afternoon for final check on the number of persons planning to make the trip. and if it ts considered necessary, the drive may be continued through Sunday.
Raymond E. Willis 'above), Angola newspaper publisher, was named Republican candidate for the U. 8. senate from Indiana at a com en* ion in Indianapolis.
Wealthy Heir's Body In Morgue
Remains Escorted To Albuquerque By State Police
ALBUQUERQUE, N. M , July I — (F>«—Brought from the foor of Sandia peak under s’ate police escort, the body of Medill McCormick. 21* year-old heir to a Chicago publishing fortune, rested tonight in an Albuquerque mortuary The final trip was made late this artemon, after Indians and mountain climbers, who had been working since dawn to bring down the remains from the jagged face of the cliff, had transferred their tarpaulin-wrapped burden to a waiting ambulance.
About SO Indians and weather-beaten forest ranger* stood by the ambulance, heads bared, as Albert Simms, step-father of the youth, said. “Mrs. Simms and I thank you from the bottom of our hearts.’’
FUNERAL TODAY Simms had watched the grim funeral cortege for more than a half an hour as it wound slowly over the rocky slope separating the waiting hearse from the entrance to Canyon del Aqua, on whose steep sides the body was found.
Funeral services for McCormick were set for late tomorrow at La Quinta guest hall at the Simms ranch following arrival of his uncle. Col. Robert McCormick, publisher of the Chicago Tribune. Burial will be at an Albuquerque cemetery, with the Rev, James McLane, Manitou, Colo, officiating.
Hollywood Film Cameraman Slain
HOLLYWOOD, Calif . July I— (£*)—The pistol bullet which killed King D. Gray. 52, film cameraman. was fired at least a foot from his body, since his coat showed no traces of powder burns. Ray Pinker. police chemist, reported todav “If it proves to be a murder.’* said Detective Capt. J. J Jones, “I believe we will find jealousy was the cause."
His body was discovered slumped over the steering wheel of his automobile in front of the post-office herr yesterday.
Bank Pays Dividend
BALLINGER, July I—(Spl.»—Directors of the First National bank of Ballinger met today and declared a semi-annual dividend of 5 percent on the capital stock of $100,000, which amounted to $5,000 ThLs was the 93d dividend paid by this bank in its 52 years of existence
Complete New Set-Up Of City Debt To Result
Bond Syndicate Designated As Agency For Deal
The city commision yesterday ap- ’ proved a general refunding program recommended by a citizens' committee headed by W. J- Fulwtler.! final okeh held up pending a check of technical details of the contract by Mayor Will Hair and the city attorney.
The contract authorizes a bond syndicate, composed of Browm- (
Crummer company, R, A Under-,
wood Sc Co, Inc, and Calllhan and Jackson, to act as the refunding agency.
Tile program includes a com- J piete reconstruction of the city's tax supported debt of $3,891,000 on the present interest rates, to be approx-ima Cly $225,000 per year.
ONE YEAR TO DO JOB
Serial bonds optional in three years will be used. maturity dates *o run over a period of 40 years At the end of the three years tile city has the option of calling and retir- ; mg all or any part of the debt on any I interest paying date.
Identity of the old bonds will be maintained as to school and water bonds, with the rest assembled in a third group.
The contract se’* out one year aa i the period for completion of the refunding program. The syndicate I will bear all expenses of the re- I funding, and will receive approximately one percent as compensation for handling the deal. Payment will be made if and when 80 percent of the present bondholders have accepted the refunding bonds, and I only as exchange of the bonds is macle at the comptroller's department at Aus’in.
Presentation of the plan yesterday was the climax to a week s work by > a committee of 14 headed by Ful-wiler, and a sub-committee composed of H O. Wooten, O. D. Dillingham. Henry James, Malcolm Meek and Fulwiler.
Midland Man Killed When Struck By Car
GLOBE. Ari*. July I |
Sanders W. Estes, 72. Midland, Tex . < was killed today when he was
struck by an automobile driven by
Richard Lee Davis, Miami, Ariz, 18 miles east of here. Davis was absolved of responsibility by a coroner's Jury after he and Estes' daughter, Mrs. Thelma Brown Midland, testified at an inquest that Estes stepped from his car directly into the path of Davis’ vehicle.
Estes, his wife, daughter and two grandchildren were en route home from California.
Stolen Ship Sighted
GALVESTON. July i._ Capture of the $15,000 auxiliary sailboat Artemis, stolen early Tuesday from the Galveston yacht club basin, was believed imminent tonight after United States coast guard auf bori- j ties reported the craft sighted twice.
LAST ROUND UP FOR FAMED HERD
This is Painter’s Domino C going into the auction ring in loggen, Colo., where he brought $1,050 in the sale that brought
an end to the famous Painter Hereford herd. One thousand fine cattle were put on the block.
NIPPON PUPPETS IN PIERING DRAFT TERMS TO END WAR
Would Carve China Into Five Parts;
Little Chance Of Its Adoption Seen
PEIPING, July I.— V—An elaborate peace plan for ending the
Chinese-Japanese war. under which China would be carved into at least five autonomous units, today was reported being drafted by Chinese members of the Peiping provisional government and their Japanese ad-
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Sunset yesterday, 7:4t; sunrise today. 1:15: sunset Imlay. 7:4#.
B'Spring Opens Reunion Today
Six Rodeo Shows Scheduled During Three-Day Fete
BIG SPRING, Juv I.—<Spl.) — This West Texas city is primed today for opening of its biggest holiday celebration, built around the six shows of the fifth annual Big Spring Cowboy Reunion and Rodeo on Saturday, Sunday and Monday.
A colorful mile and a half parade, headed by Burke Summers, chairman. will inaugurate festivities over a three-day period. Summers said that there would be 50 decorated floats, four bands from Colorado, Lamesa, Stanton nod Big Spring, IOO cowboys, and a "bicycle section' in procession starting in the downtown area at 12:45 p m. Saturday. Parade prizes total $150.
Cash prizes of $1,900 will be given and $50 in other awards, including two special saddles for best three day average in calf roping and belling.
Political figures hora for the opening day will be C. V. Terrell, chairman of the s’atc railroad commis-son, and George Mahon. Colorado, congresman from the 19th district.
On Sunday afternoon between rodeo performances a picked softball team from San Angelo will clash with one from Big Spring, Monday at 5 30 p rn. at the city swimming pool, a bathing beauty revue will be staged under the direction of Ray Simmons. Entries have been received from Colorado, Sweetwater, Coahoma, Lamesa, Stanton, Midland and Big Spring.
Oil Wells Open Today
AUSTIN. July I «'<—Most Texas
oil wells will flow tomorow for the first Saturday since May 7.
AT GETTYSBURG REUNION—
Leaders Of Blue, Gray Plead For Love, Tolerance’
GETTYSBURG. Pa . July I T* Secretary of War Harry H Wood-ring today ranked ‘ our present troubles" as ’‘small" compared with those overcome by the armies in blue and gray who fought on this historic battlefield just 75 years ago.
“Inheriting from the initiative, tho ingenuity and the courage so manifest throughout their useful lives.” the secretary said, "we may rely on our ability and that of our descendants to go forward with America to new- heights"
With him on the platform, pro-
i fected by a spreading canopy from a light rain were the 1800 followers of both Meade and Lee who have : returned to the scene where many of their comrades died.
"May we be an example to all ; I peoples of the earth, of love and tolerance," said Dr. Overton H. Men-1 net, 89, of Los Angeles, commander of the Grand Army of the Republic. “Let us plead for mutual confidence and peace among men."
General John M Claypool. 92, of St Louis, national commander of the United Confederate Veterans, I
turned to Dr Mennet.
“I have to forgive by brother here," he said, “because we are members of the same fellowship. Americanism, and our principle demands it."
For Dr. Mennet. the United States marine band played: “Columbia.
Gem of the Ocean" and for General Claypool. "Dixie ” Six-gun salutes were fired for each.
The temperature fell with today's rain, reducing the possibility, physicians said, of more of the veterans collapsing from overexertion.
The government officials and their advisers all are dominated by the Japanese army.
While the plan admittedly had Ii tie chance of early acceptance bv the Chinese government of Generalissimo Chiang Kai-Shek, it was believed to be mn important indication of the basis on which Japan would be glad to terminate the conflict, now less than a week from its first anniversary.
JAP OCCUPATION Informed persons who reported the plan said that, roughly, it called for continuation of the present status of Japanese occupation, with divi-son of China into at least five autonomous unite under separate governments.
But as a bid for European acceptance of Japan’s partial conquest of China, Japanese sources indicated European powers would be offered spheres of influence.
It was said Japan would recognize Chiang Kai-Shek a* head of the Hankow regime if he would accept t!;e scheme.
SHANGHAI. July I—iUP*—Generalissimo Chiang Kai-Shek is determined that there shall be no peace in the Far East until China's sovereignty is respected, it was reported today.
The report came as th** Generalissimo gathered his commanders at general headquarters in Hankow to chart a final defense of the provi-sonai capital toward which the Japanese are driving steadily. Whether the question of an armistice came up in the Hankow meeting could not be determined
SHANGHAI. July I r —A .squad
ron of Chinese warplanes attacked Japanese troop positions and warships up the Yangtze river todav in an attempt to halt the invaders’ land and naval drive toward Hankow, Chinese provisional capital.
HONKONG, July 2 <Saturday)
Chinese reported 40 civilians were killed or wounded in yesterdays Japanese bombing raid on the south China port of Swatow,
Nine Japanese planes rained more than IOO bombs on the city, many falling in crowed resdential sections. Of the casualties, Chinese said 200 were school children who were leaving their classrooms as g school building was struck Other buildings damaged included the municipal and a Red Crofts headquarters.
Youth Badly Hurt In Monahans Crash
MONAHANS, July I—tSpl )—Mac Powers, 18, was in a Monahans hospital tonight in critical condition following a head-on collison between a tn**k he was driving and a truck driven by J. R Grey of Pyote The accident occurred at 6 p. rn. a milp west of Monahans Grey was only slightly injured. Powders ic an employe of Ward county.
Officers are in vest: sa ting the
Point Ahead At Half-Way Mark
Figures From All Endeavors Show Increase Over '37
As the second half of 1938 began yesterday, Abilenians were still in position to ask "what recession?” when that subject should be mentioned,
To back their question, they could che the semi-annual reports of both public and private enterprise and show that every type of endeavor is doing better than it did for the first half of 1937 in Abilene. Gas, electric, and telephone connection* have passed the records set in the peak years of 1929-30. UTILITY METERS GAIN Bell Telephone company reported 5,278 aration* in operation compared to 4.845 for the same period last year. Gas meters numbered 6.258 against 5,967 for 1937. Electric meters in use totaled 6.352 at the latest report and 6,027 for 1937.
The postoffice wa* well on its way to another record breaking year with postal receipts
having totaled $107,170 for the
first six months of 1937 as
compared with $97,088 for the
comparable period of 1937. The postoffice also recorded a credit balance of $52,959.64 for Abilene bv issuing 4,072 money orders for $37,786.39; and paying 6,813 money orders for $90,746.-03 during the month of June. Building permit for $300,000 for I the Hendrick Home for Children was largely responsible for that department s record. The six month total of $590,024 was $78,215 greater I than the building permits for Ute whole year of 1937.
RANK DIBITS UP Bank debits for the six months j also stowed an Increase over 1937, $50 798,938 as compared with $47,-448.938 Clearings, however, were somewhat lower than last year.
The retail business field alto had a rosy cast according to reports of the Retail Merchant's association. By the association report, sale* In jewelry are up 25 percent, hotels revenue 25 percent; department stores 21 percent; groceries 20 percent; drugs 20 percent.
Indians Gather For Big Pow wow
FLAGSTAFF, Ari*.. July I—— Indian campfire* encircled Flagstaff tonight as tribesmen and their famine* from southwestern reservations gathered for the start tomorrow’ of their annual three-day pow wow.
Approximately 7.000 members of the Navajo, Hopi, Havaaupai, Apache. Zuni and other tribes will be on hand for the ancient ceremonial dance*.
Hike In Factory
Observers Confident Prosperity On Threshold, Re-employment In Offing
By FRANK MacMILLEN
Associated Press Financial Writer NEW YORK, July I—(AP)—A midyear buying boom— less than two weeks old—showered orders today on producers of raw materials and goods, gave stocks another boost in Wall street and moved some producers to prepare for a step-up in factory schedules.
As the buying spread in raw materials, many business observers were convinced the movement would be reflected in the second half of the year in higher industrial operations and factory and mine employment.
A rise in cotton, rubber, hides and metals—all basic mater.
ials in key processing indus-, —— —•
tries—tended to shift the day s i spotlight to commodities away from the spectacular upswing which increased quoted share values on the stock exchange about $10,000,000,000 since June 20.
Last Of Painter Herefords Sold
, ROGG EN Colo , July I—(AF—Th* j old corral* were empty tonight on I the Painter ranch, home of white-! faced Hereford cattle more than a half century,
The auctioneer's hammer fell to-J day on the last of 752 head of registered Herefords, sold for a total of 1117.312 in a three-day dispersal sale ordered by the four children of the late John F. Painter. The 230 head sold today averaged about $150 each.
Nazis Assume Austro Obligations To Britain
No Action Taken On Debts To U. S.
LONDON. July I -^ Germany assumed responsibility today for the principal loans of annexed Austria In a broad settlement of greater Germany's obligations to Great Britain.
The agreement was on a strictly two-nation basis, excluding all other countries holding both German and Austrian bonds, and followed threats that Britain would commandeer German commercial credits here to pay interest on the debts if Germany continues to disavow Austrian obligations.
The status of debts owed the United States remained unchanged. The United States is not in the ‘-ame favorable bargaining position as Great Britain toward Germany.
Germany buys more from the United States than she sells—just the opposite of the Anglo-German relations — and consequently the I United States lacks the same trade lever to force a settlement.
I (Since April 6 the state department in Washington has sent three communications to Germany seeking settlement of the Austrian debts to the United States, amounting to I $20,000,000. Germany has no? re-I plied.)
Trade circles estimated more than 306,600,000 yards of textiles had bern sold the last two week* In Worth street, the cotton cloth trading center, In the broadest dealings there since March, 1937.
Some textile factories already were reported increasing operations. Others were expected to fall la toe.
COPPER SALES JUMP Another spurt of about $1 a bale in cotton during the day, lifting some options wbovc 9 cents a pound in
NEW ORLEANS, July I —
—Cotton prices advanced more than $1 a bale here today under active buying prompted by a brisk rally in securities, large sale* of cotton goods and favorable overseas advices. At the close the market showed net gains of $1.10 to SI.15 a bale.
the raw staple markets, kept Worth street busy, contrary to the usual vacation mood in business at this time of year.
Copper sales for domestic delivery were reported to have jumped to about 91.000 tons since last month, ! the largest since December, 1936.; from only 19,000 in may. Buying of the red metal continued active as producers hiked the home price to 9 1-2 cents a pound, up 1-2 cent th la week. Zinc also was boosted.
Since mid-June, rubber has risen about 3 cents a pound, hides two cento, copper futures more than a cent, wool tops 5 rents and silk about 20 rents a pound. These were among the most severely depressed In the 1937 collapse.
The advance in commodities touched off a new wave of buying in copper, oil, rubber, steel, motor and other industrial shares.
Burglary Admitted By Ballinger Youth
BALLINGER July I — Sp! ) — Robert Walker. 22 year old Ballinger
youth, signed a statement today admitting the burgarizing of the West Texas Utilities Co. ice plant here about 1:30 a rn. this morning. The only cash taken was a one dollar bill, which Sheriff W. A. Holt found concealed in the boy’s shoe when he was arrested
Charges of burglary have been filed against Walker.
Bar Adopts National Body's Requirements
HOUSTON, July I -The Texas Bar association today derided so follow the leader.sh.p of the American Bar association in laying down requirements for admittance to the practice of law The national organizations rule requires that all law students must have two years of academic college work before they are permitted to graduate from a law school approved by the American Bar association.
Miss Mary Alice Shaw 'above), 26-year-old musician, will wed Gipsy Smith, 78-year-old evangelist, in a ceremony scheduled to be held in Los Angeles.
5 Lose Lives In Mine Collapse
Rescue Workers Reach 3 Others Trapped In Shaft
BIRMINGHAM, Alt . July I—
—Rescue workers won a desperate race with time tonight for the lives of three miners entombed 3.000 feet
underground in the Praco coal mine by the collapse of a rock wall and brought them to the surface.
Five others were dead, either crushed by thp rock or suffocated, while the ninth, workers hoped, was still alive and near rescue.
The first man reached alive. Carl Shackelford, w’as seriously injured, while Willard Elmore and Gurlis Hyche were suffering from bruises and lacerations.
Still sought was J. D Painter.
Lloyd Painter, brother, of J, D„ died after his arm was amputated by physicians to free him from the debris.
Others known dead were J. I. W.ngard, assistant rrfine superintendent who wa* b irled bv rock, Leonard Docking, Howard Morgan and G. Pheffer.
OK's Autogiro Fund
WASHINGTON. July I — UP* — President Roosevelt signed a bill todav authorizing the war department to spend $2,000,000 to develop th® autogiro and other types of rotary-wtnged aircraft.
nsurance Broker Charges Boston Bank Switched $800,000 Policy To FD’s Son
BOSTON. July I—.p> A court-appointed auditor roda\ heard a charge that one of Baston'* biggest banks switched the handling of an $800,000 polirv from one insurance firm to another ' because It wanted James Roosevelt to get the commission.”
Climaxing the first phase of a legal battle, counsel for Arthur D. Cronin, an insurance broker who is seeking $31,750 plus interest in a civil suit against the National Shawmut bank, asserted the bank had withheld the lucrative policy from his client at the last minute in order to give It to an agency with which the eldest son of the president was associated.
After a counter-assertion by the bank s counsel that James Roosevelt was not “personally" concerned, and that there was no evidence of any "political gain" by the bank, the auditor retired to prepare his reports He was named by the Suffolk superior court to determine findings or fflict iii the c&se
Cronin based his case on a contention that the bank had employed him to obtain the insurance, that he spent several months making arrangements for it with the American fore group, an organization of insurance companies, and that, despite his work and arrangements, he had I been wrongfully deprived of $31,750 in commissions.