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Newspaper
Whitewright Sun
Location
Whitewright, Texas, United States of America
Date
Jul 27, 1933
Page
10
Washington reports farmers can borrow 100 to 50000 dollars from 12 federal land banks with lower rates and relaxed limits. Loans may cover land, equipment, debt retirement, or continued operation, secured by land and improvements, with five year grace for the first five years and rates at 4 to 5 percent for farm loan associations.
Mortgageholders may sell their mortgages under the act by taking bonds issued by the land banks. Bonds total up to 2 billion dollars with 4 percent government guaranteed interest. Banks will cover at most 50 percent of land value and 20 percent of improvements for the lien. If mortgages exceed these percentages the holder takes a loss. smaller mortgages incur proportional loss. Purpose is to liquidate claims and shift debt to land banks enabling lower rates for farmers. Twelve federal land banks operate in Springfield Massachusetts Baltimore Washington DC Louisville New Orleans St Louis St Paul Omaha Wichita Houston Berkeley Spokane.
Three federal judges upheld an Interstate Commerce Commission order allowing the Cotton Belt Railroad to be acquired by the Southern Pacific. The Missouri Pacific and Texas and Pacific challenged the action, but the suit was dismissed with the Kentucky incorporation cited. The decision states two other orders authorizing the control transfer are valid, confirming the rearrangement from Illinois Central to Southern Pacific. Cranks are promoting a prosperity chain scheme via letters.
Hanoi natives of Indo China catch fish by driving them into a closing circle, trapping fish in a netted perimeter as a traditional method observed in local waterways.
Thousands of employers pledged to raise pay and shorten hours to put more people to work, sending messages of support to President Roosevelt and Hugh S. Johnson. Codes for oil, lumber, wool, rayon, shipbuilders and others move quickly toward hearings, with August 7 tentatively set for coal and steel hearings to follow.
Huntsville. Capt N L Speer former warden of the Texas prison once in charge of 5000 inmates reported to the penitentiary to serve a three year term for theft of 1000 dollars while sheriff of Walker County. Governor Ferguson denied further furloughs. Speer entered the office he once led and said he would be a good convict.
Lewis R. Daffit of Commerce Texas was bound over for District Court trial after a preliminary hearing on murder in the death of E M Johnson who was struck by an automobile south of Hugo June 28. It was alleged Daffit was driving while intoxicated. A companion C G Morgan was held under 1000 dollar bond as a material witness.
Thousands of Texans lose voting rights for the August 26 election as poll taxes left unpaid will keep them from ballots on constitutional amendments to permit 3.2 beer and repeal the Eighteenth Amendment. Officials estimate total qualified voters around 845000, with actual turnout likely 500000 to 600000, well below 1932 primaries.
In Amarillo two women pursued a youth who burglarized a home, detained him until police arrived, and recovered five rings and money after catching him on the Canyon highway. The report notes the two women, Mrs H A Waller and Mrs Ben Carlton Mead, and mentions a separate line about Czecho Slovak athletic groups.
Want ads note CUL FLOWERS for all occasions with artistic funeral work by E. D. Barlow and agent Mrs L LaRoe in Greenville. Also CUSTOM MILL offering cash for grain and trading wheat for flour, plus chicken and dairy feeds by Honaker Grain & Hatchery Farmersville Tex 51-11-13.
The Cox family thanks neighbors and friends for kindness during a loved one illness. They acknowledge singers and Bro Hagard for services and express gratitude for flowers.
President Roosevelt urged employers to adopt a voluntary code to shorten hours and raise wages. He announced a national roll of honor for participants and called for immediate action with universal hour limits and above minimum wages. He warned against delay and emphasized cooperation to lift the economy.
A three day conference at the University of Texas launches a new textbook for school janitors. Ray L. Martin notes past waste from poor training and cites prior courses in El Paso Fort Worth Houston and San Antonio. The event aims to revise and expand the El Paso course.
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