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Newspaper
Alpine Avalanche
Location
Alpine, Texas, United States of America
Date
Oct 27, 1921
Page
1
The farmer public argues that rail freight costs won’t drop unless railroad wages fall, citing Interstate Commerce Commission fraud and banker influence. They accuse executives of high salaries and watered stocks, noting lower wages hurt workers and thus farm demand, stressing linked prosperity of producer and consumer.
Stockpiles reach about 500000 pounds of 1921 short wool and mohair in San Angelo warehouses. Wool Growers Central Storage Co reports roughly 200000 pounds of wool and 2000,000 pounds of mohair received. No sale date set yet and no mohair sold. Boston and Texas agents, including Caldwell Palmer and S. D. Rainier, register with local firms as officials from Winslow, Hollowell and Farnsworth Stevenson visit the area.
The report cites the Paris bombing at Ambassador Herrick’s home as the act of irrational individuals. It quotes opposition to government force, contrasting it with Soviet doctrine blamed for Russia’s ruin.
A proposal urges extending War Finance Corporation loans to stockmen with debt to banks. By reinvesting a portion of cattle sales into thin, well bred stockers and extending one year terms, borrowers could pay banks in full while rebuilding herds. The plan claims collateral rises as cattle grow and aims to curb oversupply by financing purchases of sacrificed young stock.
San Angelo sent the season’s first pecan car last Monday. The Concho region’s crop this year was not large, but officials celebrate the shipment and early market activity.
The 1920 census reports 295,844 people in Texas aged 10 and over who cannot read. Despite this, Measday Dairy notes a decline in pure dairy per unit of time.
At a Fort Worth meeting of War Finance Corporation representatives and Texas bankers, a large regional trust is formed to handle at least 20 million dollars of good paper, primarily cattle notes. Subscriptions total about 189000 with 35 directors elected, capital 1500000 invested, and 2 percent dividends from War Finance endorsement. The piece touts the investment as aiding local towns and Northwest finance, then shifts to the Texas tobacco tax noting a lithographed stamp on chewing tobacco.
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