Brownsville herald. [volume], November 16, 1932, Page EIGHT, Image 8

About Brownsville herald. [volume] (Brownsville, Tex.) 1910-current

Image provided by: University of North Texas; Denton, TX

                
WALL STREET
IS INTERESTED
IN AIRSTOCK
NEW YORK. Nov. 16—<**>_
Battles for control of corporations,
from the famous H&rriman-Hill
contest for the Northern Pacific
on down, have never failed to stir
Wall Street to excitement.
Right now, the effort of E. L.
Cord, spectacular "youngster”
among the automobile manufac
turers, to seize control of Aviation
Corp., from a group backed by
such old Wail Street banking
houses as Brown Bros., Harr.mar.
A Co., and Lehman Bros., is en
gaging the Wall Street spotlight.
Bitter Struggle
This light appears to be de
veloping into a bitter struggle for
atockholdeis proxies.
■ ** the *irst maJ°r struggle
in the aviation industry since 1930,
»am United Aircraft and Trans
C<?rp’ *cqu.red control of
National Air Transport. Inc., over
the intense opposition o: C. M
Keys and the Curtiss-Wright Corp.
interests.
Well Btukrd
Cord °wly 38 years old.
and has neVer been closely iden
tified with Wall Street-he was
g th! basis ol his fortune
aeliing automobile in Chicago only
a few years ago—he has the back
ing of a white-haired chieftain or
large-scale finance, Prank A
yanderUp, former president of the
National City bank He has also
he support of two prominent
atock exchange houses, e. P. Hut
o * and E. A. Pierce A Co
the largest individual
stockholder in Aviaton Corp%
lt£ plan of acquiring
uie North American Aviation. Inc.
CORD STILL
WANTS VACATION
CHICAGO. Nov. 16——Avia
tions youngest giant is stiU trying
to find enough time to wind up a
rishing tr.p started almost 20 years
Ago.
E. L. Cord decided to take a
vacation at 20. He and a frier.t!
Atarted on a fishing trip which
wa* never finished, as Cord was
diverted by a business opportunity.
It and succeeding ones have fulls*
wcupied his time since and th*>
I.shing trip remains unfinished.
Two years ago, Cord was known
as a successful young automobile
manufacturer with a flair for
aviation. Six years before that, he
was merely an unknown young
automobile salesman.
Today, Cord is drafting final
plans for the biggest fight o' his
rnrwvMH°nlr0'v. of thp Aviation
corporation, huge holding com
pany owning the majority of stock
in several of the biggest air lines
lr. the United States.
The Cord corporation, which he
heads, owns 800.000 of the 3.187 38€
Aviation corporation
*tock outstanding, a battle for
* now bein? waged be
tween Cord and the managerrenr
Cord objects to the management'a
plan to purchase a rival ■ompany,
fcorth American Aviation. Inc. and
claims too much is being offered
for the stock.
————— ■ - - - - _ }
f Backache 1
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It May Warn of Kidney or
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A persistent backache, with
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more than 50 years by grateful
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druggists.
Doan's
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»iith m dsy <*l MIAMI euro Mite
From *7fi-25 ONE
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Including rail, also meak and
berth on steamer
BAIL-WATER t] Cl OC up
Circle Tour
Including meals and berth i
steamer, rail to Galveston, return
ing via rail or vice versa
Big. magnificent ships from Gal
veston every Saturday. Modern
luxury via ttaif MOST ECONO
MICAL route. Radio, deck sports
dancing, motion pictures, etc.
•aacrior nwn<«-o« (hip* Mil (lightly high*
Apply to Tourist or RaUrond Agents or
CLYDE-MALLORY LINES
Goo. J. Horner. G. A..
Um| Galveston. Tea.
A FOOTBALL HOUSE DIVIDED I
I—-. -»=3m.—:--1 1
Larry Stevens wanted to go to Southern California. His brother, !
Wes. wanted to go to Stanford. And now the Stevens household at
Oakmont. Calif., is in an uproar when Nie two boys get home. Larry,
shown at left with Coach Howard Jones, is a 200-pound Trojan guard.
Wes. shown with Ins mentor, Pop Warner, right, is a Stanford 190
pound fullback.
R. F. C. Loans Drop
To New Lou) Levels,
\ October List Shows
WASHINGTON, Nov. 16. </P>—
Loan demands of agriculture, com
merce and industry on the Recon
I struction corporation dropped to
new low levels in October, the ninth
month ol its existence, but brought
the total of such advances for the
entire period to $1,397,596,033.
HIDALGO VOTES
FOR FERGUSONS
(Special to The Herald)
EDINBLRG. Nov. 16.—Final re
turns on the general election in Hi
dalgo county, canvassed and an
nounced Tuesday by the county
commissioners' court, revealed that
Nov. 8 was a great day for the Fer
gusons in this heavy-voting south
Texas county.
Three candidates named Fergu
son were elected, as far as this
county was concerned, by heavy ma
jorities on that day.
Head.ng the list is Mrs. Miriam A.
Ferguson, who waged a successful
pace against Orville Bullington. re
publican candidate for governor of
Texas. Mrs. Ferguson received a
total of 7.798 votes to 5,962 polled
for Bullington.
The second Ferguson to fare well
at the hands of Hidalgo voters was
a nephew of former Gov. Jim Fer
guson. He is James Bryce Fergu
son. He ran against the regular
democratic nominee for the judge
ship of the 93rd district court of
Hidalgo county while his well
known uncle was pleading with Tex
as voters to stay in the democratic
party. Bryce Ferguson went into of
fice in 1930 as district attorney on
the Good Goverment party ticket.
This year, he was elected to the
judgship on the same ticket. He re
ceived a majority of 779 votes even
though voters had to write his name
on the ticket.
The third Ferguson whose success
was recorded in Hidalgo county was
Willard Ferguson, county commis
sioner from Precinct 3. the Mission
community. He made a successful
race to succeed himself He ran on
the Good Government ticket and
received a majority of 148 votes.
WOLF HUNTERS
ELECT CHIEFS
HUNTSVILLE Nov. 16. Dr.
George T. Veale of Dallas is the
new president of the Texas Fox and
Wolf Hunters association. He suc
ceeds Jesse Carter of Fort Worth.
Officers, were elected last nlghl
after a day of hard tests in which
about '-TO hounds were entered.
Weather conditions were made ideal
by a combination ot ram and a
drop in temperature.
Seventy-five dogs survived the
firs*, day of trails in the Texas all
age championship, the big event of
the meet. ‘Bettie.’ a bitch owned
by Dr. A. C. Elder of Deport, led
th«* scoring with 125 points.
About 300 hunters from eight
states were present.
Movie Sidelights
CAPITOL
‘•He Learned About Women.”
which shows Thursday only at
the Capitol Theater, is light, fan
tastic. at moments it is unadulter
ated slapstick, but it is one of the
Host genuinely hil annus films
*hat has made its appearance in a
long time.
The film has an amusing story
basis. about a bewildered young
man who doesn t know what to do
with fifty million dollars. There's
also a good deal of absurdly funny
dialogue. But it is certain that the
film would never have been the
perfectly delightful comedy tha;
it is. if it were not for Stuart Ec
wdn's Geo rue end Alison Skip
rorth's Madame Polidor. to say
nothing of Grant Mitchell's Ap
pleby* and the charming heroine i
at fiusau Fleming. j
Six hundred and one applications
! lor business loan" were filed in
October. This compared with 1.527
in April, the high month, and con
tinued the steady decline since that
lime.
Corporation funds still outstand
ing in business loans at the close >l
October totaled $1,144,058,980 alter
repayment of $253,537,052 had been
mads, chiefly by banks and rail
roads. All such ioans authorized in
the nine months aggiegated $1,843,
670.253.
The corporation has loaned more
money than the combined total of
its $500,000.0^0 capital and $675,000,
000 note issues. Money repaid by
sorrowers is immediately reloaned if
there is a demand for it.
The review showed that banks
have repaid $211,328,013. or nearly
27 per cent of the money loaned
them.
The total funds loaned include
$64,204,503 disbursed by the ..ecre
tary of agriculture to 507.632 tarm
1 ers for crop product ion purposes. Up
1 to October 31, farmers had repaid
$11,952,521.
Regional agricultural credit cor
porations created by the finance
! board loaned $1,166,214 to farmers
and livestock men. Of this $800 had
been repaid. Between Nov. 1 and
Nov. 11 these institutions loaned
an additional $742,043.
j The $1,843,670,243 total of author
ized loans included $53,170,471 later
cancelled by applicants and $392,
903.748 still held in the treasury for
[ borrowers.
The corjjoration analyzed rail
road loans as follows:
“ mom* the commitments made
■ since Feb. 2 <the date operations
began* were loans to 55 railroans
i aggregating $290,293,202 to be used
; for the following purposes:
“For completion of new construc
tion work $47,746,483; for construe -
; tion and repair of equipment and
building the Dotsero cutoff $10,050,
000; to pav interest on funded debt
$73,959,547; to pay taxes $19.606 946:
to pay past due vouchers for wages,
materials, supplies, etc., $19,630,040;
to pay principal of maturing equip
ment trust notes $19,160,513; to pay I
off or reduce loans from banks $37.
788.900; to pay other loans $15,843.
526; to retire maturing bonds and
other funded debts $41,142,618. mis
cellaneous $5,364,629. **•
“All of the loans enumerated
above bear 5 per cent interest and
.. per cent interest was charged on
all other loans to railroads.’’
Up to the close of business Oct.
31. the corporation had loaned $58.
089.933 to 33 states and 2 territories
for direct work relief. For the same
purposes, $5,313,785 was made avail
able to political subdivisions of
states.
Between Oct. 31 and Nov. 14. ad
ditional relief loans of $9.257.69r,
were made, bringing aggregate relief
advances for 35 states and two ter
ritories to $67,347,631. Most of this
sum is made repayable by deduc
tr*-.- from future federal-aid road
contributions.
Tilt MISSING LINK
CINCINNATI. O.—A most impor
tant link in the chain of human an
cestry has been discovered by "c- 1
searchers under the direction of
Dr. G. B. Barbour, of the Univer
sity of Cincinnati. Fossilized wrist
bones found on the site whpre arch
eologists discovered the skull of the
Pekin Man late in 1929 confirm def
initely the belief that a true pre
historic man. and not an ape man.
' lived there.
HIDALGO SETS
NEW MARK IN
COUNTY VOTE
(Special to The Herald)
EDINBURG. Nov. 16.—County
commissioners* court Tuesday morn
ing complete1* the official count of
returns ir. the general election on
Nov. 8.
A total of 15.266 votes were cast
in tne county, setting a new high
marc lor voting and surpassing the
previous record of 11.027 cast in
1930 by more than 4.000.
Co. Tax Collector H. Harpiey.
running for re-election on the Good
Government party ticket, polled
more votes than anv other candi
date. 8.589. while Dust. Clerk L. C.
Lemen, also running for re-election
under the Good Government ban
ner. followed him closely with a
total of 8.583 votes. R. T. Daniel,
candidate for sheriff on the demo
cratic ticket, led his ticket with a
total of 6.677 votes.
Each of the nine proposed amend
ments to the Constitution of Texas
carried by heavy -ajcrities in Hi
dalgo county, all except one of them
by more than two to one.
Pinal returns, listing Good Gov
ernment candidates first in the
county list, are:
president: Roosevelt 9695. Hoover
2969, Thomas 100.
Congressman, 15th district: Gar
ner 10.616, Watson iRi 4.086.
Governor; Mrs. Ferguson 7798.
Bullington 5962; Lieut.-govtmor:
Witt 10,238. Bass 3,410.
State representative: Leonard
7294 Josh Ewing 6479. judge. 92nd
district court: Bryce Ferguson 7253
Bounds 6474; judge. 93rd district
court: Bennett 7221, Thompson
6491; district clerk: Lemen 8583.
Bravo 6104: county and district at
torney: Hardin 8120. Kelley 6561.
County judge: couch 8214. John
Ewing 6355; county clerk: Lemburg
8503. Stone 6216; sheriff: Gill 8230.
Daniel 6677: county tax assessor:
Freeland 8311, Earnest 6355; county
tax collector: Tarpley 8589. Hibbetts
6121; county treasurer: Pease
8229, Chavez 6416; county survey
or: Boynton 8441, Dark 6252.
Commissioner, precinct 1: Byers
3238. Ward 2291: commissioner,
precinct 2: Calhoun 2329, Abbott
1467: commissioner, precinct 3: Fer
guson 1364. Douglass 1216: commis
sioner. precinct 4: Atwood 1556.
Doughty ‘>36.
Except at Donna and Mercedes,
the Good Government victory swept
through the Justice precincts. Alfred
Lissner. democrat, won the justice
office at Donna, while T. J. Fikes.
democrat, won the same office at
Mercedes. A democrat, j. p. Brown,
won the constables race in the
Donna justice precinct, thus ac
counting for the only three demo
cratic winners.
PTA CONGRESS
IN CONVENTION
GALVESTON. Nov. 16. <&>—Re
ports and addresses were in order
today at the opunng cession of the
Texas Congress of Parents and
Teachers convention.
On the program was Mrs. Hugh
Bradford cf Sacramento, Calif., for
an address on “safeguarding child
hood in this crisis.’* theme of the
convention. Mrs. Bradford is nation
al president of the organization.
The state board of directors and
the executive committee were told
of proper duties of such officers ir
a talk bv Mrs. Bradford prior to the
convention.
Reports were read to the board
and some changes in the by-laws
were approved for submission to thr
convention. The treasurer’s report
showed a balance of $13.37690
Mlma/Ui
TODAY - TOMORROW
“Cohens and Kellys
In Hollywood”
W ith George Cohen
Charlie Murray
“LEATHER PUSHERS”
Admission 15c • 10c
Brownsville's Popular
Prim: Show
QUEEN
LAST DAY
STRANGE
JUSTICE J
With
Rrginald Drnm - Mae Marsh
COMING TOMORROW
Joel McCrea— in
“SPORTS PARADE”
Quit hoarding your laughs and
come see
MARIE DRESSLER
POLLY MORAN
in
“PROSPERITY”
With
Anita Page - Norman Fostter
They were funny in
‘ Caughtt Short" but
"Prosper ty" is one
long howl . . . ..
Thursday
Only 1:
"he
LEARNED
ABOUT „
WOMEN
IT//*
frtlAAV (AWIN
Aumm Skis worth
Rich as Midav
Scared of dame-.
Then rame love!
Greatest Realty
Auction Brings
Little to County
CHICAGO. Mov. 16. v?>V The
greatest realty auction ever held is)
cn. but its cash returns are meager.;
For most of the 400.000 parcels of
Cook county real estate, worth m-re
than $1,500,000,000 and ordered sold
tor $100,764,641 in 1930 taxes, are
BAPTISTS GIVE
DRY SUPPORT
ABILENE. Nov. 16.—)— Men
and women representatives of the
Baptist church in Texas stood
four-square today in support of
the state and national prohibition
laws.
After the pastors and* laymens
conference, auxiliary of the Bap
tist general convention of Texas,
opposed alteration of the dry laws. (
delegates to the Women's Mis
sionary Union hell a meeting prior
signed petitions protesting any
changes in the eighteenth amend- j
ment or the Dean law, state en- 1
forcemer.t act.
The pastors and laymens con
ference and the Women's Mis
sionary Union held meeting prior
to commencement of the general
convention gathering, set for to
day.
Dr. Lee R. Scarborough of Fort
Worth, president of the conven
tion. was named to call the body
to order. Having completed his
th.rd year as head of the conven
tion. he was slated for retirement, i
In addition to prohibition, in- 1
troduced as a subject by Dr. H
Beauchamp of Dallas, work o!
denominational schools and of the
Buckner Orphans home were dis
cussed at the union meeting, the
1 former by Pat M Neff, president
ol Baylor University, and the lat
| ter by Dr. Hal F. Buckner of Dal
| las.
Neff told the women there never
i was a time when substantial lead
; crs were reed^S more in the na
t on s life "and it is a responsibil
ity of institutions of the church !
to give them to Texas and the
United States."
Asserting there now we\c 618
children in the Buckner home Dr
Buckner described difficulties of
financing during present economic
conditions. He declared rece.pts I
were far below unavoidable ex
penditures.
Mrs B A. Copass of Seminan
Hill was re-elected president of the
union.
AW COME ON. POP
'Bobby. you promised me you
wouldn't fight at school today. I
-'aid I would rive you a tlirashing if
you did."
'Well, Dad. seeing I’ve broken
my promise, don’t you think vou
might as well break yours?’’—Der
Muskete, Vienna.
being forfeited to the state, since
few will buy even at extremely low
prices.
About a 30th of the total has so
far been offered by Co. Treasurer
Joesph B. Me Donough. but scarce
ly $10 000 in cash has been received,
his office said today.
Detailed figures are not obtain
able. but the property ordered sold
includes about half 'the realty in
the county; on the remainder $120,
687 477 has been collected.
Interest in the sales were height
ened this week when Co. Judge
Edmund K. Jarecki ordered 56.000
parcels sold for $22.000 000 in taxes
This is owned by the 28.000 members
of the association of real estate tax
payers. who had filed objections and
instituted a “tax service." Jarecki
dismissed the objections.
Cook county has fought through
four attacks on its Imposed taxes.
First was the Alrich case which
bared frauds in 1928 realty ta*r»
and resulted in a re-assessment. 1
holding up tax bills until 1930. wl h
$22,003,000 still owing.
Second was the Bistor case, w hich
charged fraud in 1928 and 1929 re
assessments. claiming that $16,000.
000.000 in personalty had been omit
ted. Tax bills for 1929 were paid in
1931. with $59,310,778 still owing.
Third was another case dismissed
by Jarecki. brought on the same
basis as the Bistor case.
Fourth is a mandamus proceed
ing. the Koster case, still pending
before the state supreme court, ask
ing an order requiring the assessors
to include L : personalty. Refunds
to realty taxnavers will be made if
this order is won.
Meanwhile, the resultant chaos
has heen far-reaching Public cm
nloyes have gone unpaid for months.
Cook county and its municipalities
are heavily indebted for money loan
ed by Chiraao and New York banks
on anticipation warrants.
Finally, the legislature revised the j
whole assessing system a year aro;
as a result, even the assessments for \
1931 and 1932 have not been com
pleted, so that these taxes are un
paid.
trnssm
DEBTORS LINE
UP TO WAIT
CONFERENCES
WASHINGTON. Nov. 18.—(/P>—
England France and Belgium stood
side by side today, eagerly await
ing the outcome of White House
conferences on this nation's answer
to separate but similar requests for
a re-opening of the complex in
ternational debt problem
As Pres. Hoover was returning
to the cao tal to discuss with gov
ernment leaders and his successor
elect. Franklin D. Roosevelt, what
America's position should be. Bel
gium joined the lead of her two
fellow-debtors in seeking an ex
tension of the Hoover moratorium
and re-examination of the huae
war obligations held by the United
States.
‘Same Request*
Her brief note, making “the
same request" coinc.ded with in
dications the administration be
lieves this government should
adopt an attitude more rigid than
'hat of a free granting of exten
si on*. Apparently It vu felt that
acme debtor nations were well able
to pay their share o! the $123,000,000
due December 15.
Possibly Indicative also of the
ultimate congressional decision on
the debt question was a statement
by Representative Rainey, demo
cratic floor leader to the house,
that any move toward debt revis
ion would be rejected ‘m this or
any other congress.*’
Greece Defaults
Factors in the aituation jn
mediately confronting Mr. Hoover
included Greece's default on a pay.
ir.ent due last week and Hungary *
notice that she can not meet her
December installment.
Belgium, which has paid $52 -
161.273 of a debt funded at $400.
680 000 and owes $2,125,000 to De
cember, referred in her note to
the British and French
recalled that she adhered
moratorium and later. "In
terests of peace and economic
recovery," to the Lausanne agree
ments.
Ra ney said he saw * no reason
why the United States govern m<:*
should give the foreign debtors any
more money.”
EDNA—Jack is so original. Hr
says things to me that nobody else
would dream of saying.
MAY: What's ie been up to now
—asking you to marry him?—Hun.
mel. Hamburg.
nfllSTT Buy Another
1 Pair of Shoes
until you read
SHAPIRO’S
SHOE STORE
Announcement in Thursday's
HERALD
When going back to ,
Oklahoma and Kansas ask ;
your Ticket Agent to route
your ticket Santa Fe
Fast Double Daily Service
From South and North Texas to
Practically all Point* in Oklahoma. Kansas and Missouri
Reclining Chair Cars Standard Pullmans
Fred Harvey Meals
ASK YOUR TICKET AGENT OR WRITE
R. H. DEITIKER, Gen’l Agt. R J*. HUNLEY, T. P. A.
529 Majestic Building
SAN ANTONIO, TEXAS
Sears Special Pre-Thanksgiving Offer!
BUY YOUR NEW RANGE NOW!
And Get This
. .. — ■ 1 ■ -
BIG ALUMVNUM ^
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\
— * .• - - J
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Now ’\till Thanksgiving
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* Stippled Green Finish
* Six Cooking Holes
* Five Giant Burners
* Extra Size Oven
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Thanksgiving. • r
Now you can buy this splendid, effi
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HARLINGEN