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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 07, 1967
Page
18
Dispatcher Hunter describes riders and herd formation used to keep a herd together as they move along. The account notes the number of riders and the method to maintain order during passage.
Mathis mayor Winston Bott says the town council will adopt a minimum wage ordinance starting at 1.00 dollars per hour around March and rising to 1.25 by January 1, 1968, covering most workers while excluding certain part timers and tipped staff. The plan includes a second push for tax credits to lure industry to low income areas, aiming to spark regional job growth.
Year end totals show deposits and loans for multiple banks and savings institutions. American State Bank reports deposits of 52 858 240.85 and loans of 26 869 016.72, with year-ago figures in parentheses. Other banks list deposits and loan totals including First National, Lubbock National, Citizens National, Plains National, Security National, and savings figures for First Federal, Lubbock Savings, State Savings, and Briercroft Savings.
Banks in Dallas County Harris and Tarrant report 1966 totals setting records while Amarillo, Abilene and Houston area offices show strong liquidity and growth. Denton and Waco bankers foresee 1967 improving though long term loans may lag. Strong deposits reflect nationwide tight money conditions through 1966.
The city allocates 1.2 million for street improvements with 60 percent for College Avenue. Estimated construction costs total 602000 with 150000 planned for the project itself and right of way spending saving part of the bond funds. Land purchases proceed on the west side with one parcel remaining at 19th Street College Avenue for a right turn.
Mathis Mayor Winston Bott announced the city council will adopt a city wide minimum wage law of 1.25 dollars an hour to raise living standards for South Texans. He expects the measure to be tested in court as the first city minimum wage in Texas.
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