Newspaper Archive of
The Malakoff News
Malakoff, Texas
July 7, 1933     The Malakoff News
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July 7, 1933

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M +. M ALAgOPI NEW I Odd--But True Gulf saves zl WHAT a thrill--and a savlng~--when your @ car squeezez out e:~ ira m[leage per tankful I Unlikestalegas, which lo~simportant ~ements i by evaporation , . , FRESII Gulf ga~ reta ns its power,..its liveliness. C ul'~ exclusive R.D-R process KEEPS Gulf gas FRESH . , . longer! |93~J~ ~ULF ~FFINING CO,, PITTSbURgH . PA. We carry the following Legal Blanks and Typeing Supplies the convenience of our patrons. -:Chattel and Crop Mortgages -Vendor's Lien Notes --Warranty Deeds --Transfer of Vendcr's Lien --Chattel Mortgages --Release of Vendor's Lien --Promissory Notes --Typewriter Ri bbons --Carbon VaDer l | SEE U. S. SPANNED BY 100 M. P. H. ROAD Engineers Suggest Use of Non- skid Surface. New York.--Prediction of a highway that will permit 100 miles per hour speeds, run umlerground through large cities and cross the continent in a rib- bon-like stretch, with practically no carves, was disclosed here following an interview with road executives and en- gineers, who lmve developed a new type of resilient road surfacing that is as close to a nonskid surface as can be made. The project has been worked out in collaboration with foremos~ road en- gineers and traffic authorities. According to Maxwell Halsey, traffic ,ngineer, National Bureau of Casual- ty and Surety Underwriters, increased highway speeds In keeping with the de- mands of modern economy eventually must be made possible by specialized road design and construction to the end of reducing accidents and traffic tleups. The opinion already has been ad- vanced in the automobile industry that a resilient and vibration-absorbing and super-highway not only would Influ- ence automotive engineering, but mark the point of departure for changes un- suspected today by many of the indua- try's leaders. One-hundred-miles-per-hour speeds, It was declared, do not permit the aver- age motorist to negotiate anything in the way of a curve as we know high- way curves today. At this speed the motorist must be able to see a half- mile ahead. Therefore. this future highway will be practically free of curves. The surface of the road will be absolutely fiat and as smooth as a tennis ~ourt. Its width will be an al- gebralc f~mulae based on population centers through which it passes. It will be a quiet highway, and it will be safer for 100-miles-per-flour speeds than 50 miles per hour on most of our present modern through highways. Finland Is Stirred Up Over "Language War" Helsingfors, Finland.--Mounting op- position to use of both the Finnish nnd Swedish languages in affairs of government and at the University of Helsingfors has led to a "language war" here. The Swedish polmlatlon protests against proposals to make Finnish more outstanding a~ a class-room lan- guage at the unl./~ersity. The students may now elect to re- ceive instruction in practically all sub- Jects in either Finnish or Swedish, s throwback to the days when Swedish was regarded as tile official language of Finland. Swedish also retains an important place in the government. In the Diet both languages are used, with inter- preters to translate from one to the other. Government officials are re- qutred to know something of both fan- los' art guages, and the Swedish PeeP_ p.a y has formal representation m me w~e~. Since 1918, however, when Finland gained independence, there has been an accelerating emphasis oa develop- ment of a national culture In wldch Finnish would be predominant. A spe- cial government commit'tee is investi- gating claims that national economy could be served as well by removal of many of the Swedish professors at the --.-t:iversl ty. , Texas I A BANK REFLECTS THE LIFE ABOUT IT Loans and Investments on Which Condition of a Bank Depends Determined by The Kind of Buaines Surrounding It pOLITICAL and popular misappre- hensions toward banking are due to little else than failure to realize that it is what the people themselves do that the condition of banking reflects, and that banking cannot of itself reflect events and conditions other than those that actually originate from surround- ing circumstances, Francis H. Sisson. President of the American Bankers As- sociation, says In an article in Forum Magazine. The character of an institution's n o t e s and investments indicates whether it is in the farm regions, a manufacturing center, a mercantile neighborhood or a great financial dis- trict, he says, and furthermore, besides identifying the institution as to its locality, a study of its notes will equal- ly clearly indicate the economic condi- tions surrounding it. "If a farm district bank's note his- tory shows that its loans rise and fall with the normal cycle of production and marketing of the products of the region, it may be taken as an index of economic good health for the locality," he says. "But if, over a period, the loan volume shows a dwindling trend it may mean a region that is losing ground,- becoming exhausted or being robbed of business by another community. Or if a large proportion of the loans are not paid at maturity but are chronically re- newed, or If stocks or bonds or real estate have to be taken as additional security, these too have economic sig- niflcances, reflecting perhaps crop fail. urea, over-production or inefficient, high cost farming methods in a highly competitive national or world market, such as wheat, Inevitably all those facts are reflected in the condition of the local banks. City Banks, Too "If the loans of a bank in a manufac- turing or merchandising field show a smoothly running coordination with production and distribution they, too, mirror a healthy economic situation. Or there may be here also signs that reflect growing unfavorable conditions, such as excessive loan renewals, over- enthusiasm and therefore over-~expau- sion of credit extended to makers or dealers in particular products, and sim- ilar circumstances. Similar conditions apply to banks engaged in financing the activities of the securities markets. "The foregoing is merely suggestive of the infinite aspects of the life out. wardly surrounding the banks which form and control their internal condi- tions. Although these facts seem obvi- ous enough, the discussions and criti- cisms that have raged about the banks often appear to set them apart a.s some- how separate from the lives of our peo- ple, casting forth a malignant influ- ence upon agriculture, industry and trade from forces generated wholly within themselves. "The truth of the matter is that the fate of the banks is inseparably inter- woven with the fate of the rest of the people and of the nation. What hap- pened to the country happened to the banks and what happened to the banks is in up way different or detached from what happened to the people. They are all part of the same pattern, of the same continuous stream of events. No one element in that stream can be called the cause of business depression. +'If the banks caused trouble to some of our people it was because they were irresi.~tibly forced to pass on troubles that came to them from other people. These troubles impaired the values of their securities and customers' notes-- and rendered some unable, in turn, to pay back to other customers their de- ,II IIII IMllllllllll |I I IIIIUlll H II II ITll|l I]I]] I~Ii'[i I+I ITI]I ~I | I I |l | I I | | I I I I | I I| | I l I I I iN ll I I Ill I I I I I I IIII II I I III I II II l III I I I I II I |I+, "Lees All " atic End-of.season goods ... odds and ends all must go! We have slashed prices for quick action! And with prices rising, the val- ues are really spectacular. {luan- tries are limited! Come early! INC. Athens, 106 Palestine Street Texas 'tllll~Ulll~.Jlllllllllllll~lelsm~Ullll|nl llll|llnllll IlIIID |IIII I Jill I ILll~l ILI!J It~l~ a~ ++~~I' , ,- III . E. O. DODSON, Transfer I1 -:- -;- I ?d II ou1 llt.a V I Pr PtGUAR~i;TEE~! " II I ' "' II Joe ~. Hallaman, Mgr. I - - II- " RATES I MALAKOFF I I$1.50 to $3.00 per day I INSURANCE AGENCY I I , I GENERAL INSURANCE ! ! Every rodin with circumting ice I ............ I | water, Lavatory, bath or shower. I uan t~oyau n.w. ttlamesperger I I ] at First National Bank I ,L'ITS IN DALLAS"" ! ---~+ Vii+ ---=-'--~- .................... 7-- -- I I t ! That's the way our customers feel about any purchase made here. It has always been, and shall ever be the policy of this store to givers customers full value for their money. This is one of the reasons why people can rely on purchases made at this store. Become o.e of our ma|ly satisfied customers. Malakoff, Texas I imr , ,,,,, posits that had been properly used to create these loans and investments. Unless these truths are kept continual- i ly in mind there is no such thing aa s approaching an understanding of the : banking problem or of properly safe- guarding the very heavy stake of the : public in that problem." The Bank as a Rebuilder ; S IN place of a 3 per cent loss on an in- vestment of $40,000 a large Now .~ York savings bank is now getting ~ per cent profit on an investment of _I $80,000, because it had the good busl- m hess Judgment to spend $40,000 in mad- _~ ernlzing a group of 40-year-old tene- a :al to Your Garments ment houses on the lower East Side s xhich it was forced to take over on ~aortgage foreclosure, says an article m the American Bankers Association We clean, press and repair Journal. A year or two ago the owner, who had always kept up his mortgage ayments, began ,o neglect the prop them in a most painstaking ~rty, it became run down and the ten- ants began to leave, manner-- The bank remodeled the buildings completely putting in an oil-burnlng heating plant, incinerators &nd other modern changes, with the result the ' The Way You Like It buildings are now entirely rented, and ~- there Is $14,000 a year coming in In- ~ Malakoff Dry Cleaners that rate the improvements will pay for ' .~ themselves in three years, l; This same bank has done 15 other ~ $ renovation Jobs similar to this, and all , N, C. VANDAGRIFP, Proprietor have proved profitable. The bank has its own architects and is employing .even painters :who are kept busy Con-t'