Banks Here Benefit From New Discount Charge
Local bankers forecast that the Dallas Reserve Bank increase in discount rates will stabilize the money market in Vernon and curb speculative oil stock frenzy. Les Johnson of Herring National Bank and J T Glover of First Guaranty State Bank say the measure will keep banks conservative, reduce borrowing, and help avert a financial panic while supporting a strong crop outlook.
MENTIONED IN THIS ARTICLE
Dallas Reserve Bank
Les Johnson
Herring National Bank
Mr. Johnson
Vernon
J.T. Glover
Guaranty State Bank
Johnson
Shacks at University of Texas crowd campus and cost billions
The University of Texas faces a surge in attendance leading to twenty-one temporary wooden shacks on campus valued at about 200000 dollars, with maintenance costs near 10000 dollars yearly. Experts call the structures a fire risk and a poor match to modern library and education buildings, while permanent facilities remain costly to upkeep.
MENTIONED IN THIS ARTICLE
University of Texas
K Hall
School of Journalism
School of Chemistry
Students Army Training Corps
Banking mood unsettled as merchants face tighter credit
Merchants who borrow to buy goods expect price gains next fall but may find money scarce. Mr. Hawkins reports no outstanding debts for the first time in years, while Emory Rhoads foresees stabilizing effects from the Fed. A price drop wave could tighten money, threatening small merchants and bank lending as deposits shrink.
MENTIONED IN THIS ARTICLE
Emory Rhoads
Farmers State Bank
Mr. Rhods
Federal Reserve System
Smutiler
Fred Johnson’s Business Trip To Port Worth
Fred Johnson of Radio Oil Co travels to Port Worth for a business trip. Johnson plans to be away several days while Peyton Phillips takes a position at Darker-Donges Grocery store.
MENTIONED IN THIS ARTICLE
Fred Johnson
The
Radio Oil Co
Port Worth
Mr Johnson
Peyton Phillips
Also Mentioned on This Page
Physical Plant
Fr. Hawkins
Was
Goner National Bank
Slawkins
Liberty Cafe
Annex Bailey Hotel
Ment
the Vernon ‘Drug ‘Store
Rexall
Vernon Bridge Co
Capital
Red River
Ed Bluff
Dean’s Crossing
Vernon and
Vicinity
Texas
Chamber of Commerce
District Court Room
Oil Exchange Building
Everts & O'Neil, Brokers Oil Exchange Building
Vernon, Texas
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