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Newspaper
Whitewright Sun
Location
Whitewright, Texas, United States of America
Date
Jan 04, 1934
Page
2
College Station reports guidance from George E. Adams at Texas A. and M. Extension Service on who may sign the new cotton contracts. Control of land in 1934 and 1935 determines eligibility, with landlords and managing share tenants playing key roles in signing for both years. The contract links parity payments and farm allotments to mutual guarantees, affecting rental splits and future earnings.
Texas Extension Service reports that farmers will gain at least 6.14 dollars per acre for withholding cotton under the 1934-35 Government plan. The state allotment is 1,832,000 bales with a 40 percent reduction goal and parity payments of one cent per pound on eligible production.
The text argues that large cotton surpluses widen price gaps between cotton and goods farmers buy. It states that eliminating the surplus is necessary and that the Agricultural Adjustment Administration's production control program offers a method. It urges growers to cooperate with the government to achieve needed adjustments.
Report notes a patient regaining consciousness with a doctor stating he tried to blow the foam off his medicine. The incident highlights ongoing treatment and medical response.
Charters for the first Production Credit Associations in Texas were delivered this week to directors in Tyler Texarkana Mt Pleasant and other East Texas counties. Twenty six additional charters were recommended to Governor Myers for approval. The program expands the Federal Intermediate Credit Bank of Houston system to reach all eligible farmers and stockmen in Texas through production credit associations.
Texas Supreme Court invalidated a gas rate law allowing towns with 500 or more residents to fix rates. Ruling says amendatory act changed scope without proper caption, altering the original 2,000 population threshold and rate cap. Cases cited include Texas Louisiana Power Co. v Farmersville and Coleman Gas & Oil Co. v Santa Anna Gas Co.
In Calhan Colorado burglars entered a local drug store through a skylight using a rope made of barbed wire. The safe was broken open and $20 was stolen. Police found no clothing fibers or blood to suggest the entry was painful for the intruders.
Washington reports the Farm Credit Administration outlined its refinancing program for 1933 mortgage loans totaling about 215 million dollars. Governor William S Meyers said lending is accelerating to over 1 billion annually and daily closings reach 5 to 6 million dollars.
The First National Bank in Farmersville assumed the deposit liabilities of the First National Bank of Nevada. Nevada Bank delivered cash and government bonds to pay all depositors, and will be liquidated by its stockholders. R A Taylor of Nevada joins Farmersville. Nevada had 86000 in deposits and 96000 in liquid assets. Nevada organized in 1901 and paid dividends consistently.
A 1934 sermon urges self examination of 1933 progress in finances social ties intellect and faith. It asks readers to stop, reflect, and strive to improve in 1934, urging Bible study prayer church attendance and kinder conduct while stressing forward movement.
Washington officials explain that without rain the air would stay steam like ancient rainless ages. Ground would be a giant mud puddle and buildings would drip inside and out as people slosh about in soaking clothes.
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