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Baytown Sun in Baytown, Texas

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Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Jul 20, 1955

Page

14

Welch Early Oil Operator in Goose Creek Field

The article recalls R. A. Welch a onetime bookkeeper turned early oil operator in Goose Creek. It notes Hi T Rue and James Isenhour as drillers, a 1000 foot strike, a capped well with separators, and later limited production upon reopening. It also cites a 1920s US Agriculture Dept statistic that families spent about 25 cents of each wage dollar on food.

R. A. Welch Hi. “T. Rue Goose Creek James Isenhour U. S. Agriculture Department

Installment buying hits new high in America

A vivid portrait of consumer credit expansion shows Americans buying on installment plans for cars, homes, and holidays. May totals put consumer credit at 81.5 billion dollars, with 24.2 billion in installment credit. Auto production surges with 80 percent of 1955 models sold on installment plans. Banks warn the boom could lift prices if savings not rising. Global interest grows as Europe rethinks credit norms. The piece ends with a note on Navajo population growth from 7,000 in 1867 to over 70,000 today.

United States Europe Austria

Also Mentioned on This Page

Welch Drew Texas Avenue America New York Trinity Valley Association Forward Trinity Valley Anahuac Dallas Fort Worth Texas Trinity River Kefauver Chicago Senate Estes Kefauver Hamilton Gantte Ally Johnny Washbrook Santa Monica International Ford SUN Beall's Beall NAVY
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