Brownsville herald. [volume], June 30, 1933, MAIL EDITION, Page TWELVE, Image 12

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

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$200,000,000 *Home Owners Relief Corporation' Law's Main Spring
LOANS TO BE
AVAILABLE BY
AUGUST FIRST,
(Editor's note: This is another
of a series of articles prepared to
explain in simple terms the im
portant laws enacted at the last
session of congress.)
By CHARLES D. WATKINS
WASHINGTON, June 30. </P)—
The main-spring of the home mort
gage relief law will be a $200,000,000
government-owned “Home Owners
Loan Corporation.” Officials say it
should be .operating by August,
with agents in every county.
The corporation is to help own
ers of homes valued at no more
than $20,000, and on which the
mortgages do not exceed 80 per cent
T>f the present value. It has power
to issue up to two billions in bonds
to take up such mortgages.
Go to Holders
A home owner who cannot meet
mortgage payments should first ask
the holder of the mortgage to agree,
rather than face default, to ex
change the mortgage for 18-year
bonds, issued by the Home Owners
Loan Corporation, and bearing foui
per cent interest. On these bonds
the federal government guarantees
Interest but not principal.
If the mortgage holder agrees,
the agreement is taken to the
county agent for his approval, and
that of his superior officers.
Upon such approval, the mortgage
.holder takes his bonds, and the
corporation takes over the mort
gage, automatically reducing the in
terest to five per cent. The debt is
to be paid off in 15 years.
The corporation expects to ac
cumulate a surplus which will en
able it to pay off its 18-year bonds
when they fall due.
If the mortgage covers less than
80 per cent of the value of the
property, as appraised by the agent
of the corporation 4t can lend up
to that total to meet taxes and re
pairs.
May Take Up Mortgage
If the mortgage holder won’t ac
cept the 18-year bonds, then the
corporation can lend money to the
home owner, up to 40 per cent of
the current real value of the prop
erty, to help him take up the mort
gage. The county agent arranges
this. Such loans would be at six
per cent, for 15 years.
The corporation is authorized to
postpone the first payment three
years or even longer.
Those who have lost their homes
during the past two years can, if
they get the mortgage holder to
agree, still avail themselves of th£
benefits of the law.
Through the county agent, the
corporation can advanoe up to 50
per cent of assessed value on un
encumbered homes to meet taxes :
and repairs. The corporation also
can establish federal savings and
loan associations where none exist.
While the loan system is being
organized, Pres. Roosevelt has ask- 1
ed mortgage holders to refrain from
seeking to dispossess home owners.
INJURIES PROVE FATAL
LUFKIN, June 30. (£>)—John M. i
Brookshire, 76, hurt in an automo
bile wreck yesterday, died today.
He was bom and reared in An- 1
gelina county.
Why Pay More?
5c
15c
25c
— SATURDAY ONLY —
rfAIRBANKS'
jmmHm
CRUfOE
Come to the 9 P. M. show
Saturday, pay regular ad
mission plus 10 cents and
remain for Midnite Pre
view
“Song of the Eagle”
Sunday — Monday
I
BEER IS HERE!-!
BUT—IS IT
HERE TO STAY? ,
The Story ({
of Your
Generation
i
I - ... ■ —
Another Roosevelt Boatman
• '
While President Roosevelt is skippering his vacation craft along the
New England coast, his son, Elliott, awaiting a Nevada divorce,
spends his days exploring coves along Lake Tahoe. Young Roose
velt is shown here, at the oars, with his friend, Ralph Hitchcock.
Fiscal Year's End
Brings Slashes In
Government Costs
WASHINGTON, June 30. (JP,—
Uncle Sam sets out on a new fiscal
year tomorrow with a payroll
shortened by the elimination cf
thousands of men and women.
Even in foreign countries where
there are American agencies will
the ninch of economy be felt, for
the democratic platform promise
of a 25 per cent cut, in federal ex
i penditures has been carried abroad,
too.
The aim is to spend a billion dol
lars less in the new financial year
for regular running expenses. "Ad
ministration officials say they will
hit the mark.
In the old-established depart
ments and independent offices, no
opportunities have been neglected,
the bosses say, to save every nickel
possible. But the “save-a-nickel”
try does not apply to the emer
gency agencies set up to combat
the depression. In these, the only
limit is prospective needs.
First to be hard hit is, naturally,
personnel. There is the 15 per cent
wage cut, already in effect three
months. Then, hundreds of dis
missals are being effected, while
in other hundreds of cases, the
workers, though retained, will suf
fer additional pay cuts by imposi
tion of furloughs.
Among those persons being drop
ped are employes of 30 years or
more service, who have been made
eligible for pensions; men or wro
men whose husbands or wives also
hold government jobs, and that
great class wrhose services are no
longer deemed necessary because
their wrork has been terminated or
curtailed.
What the removals ultimately
will total, no one is in position to
say. Of the ten executive depart
ments, war alone is preparing to
go along as is in Washington.
Even the war department faces
some application of pavless-leave
in the capital and reduction of
Movie Sidelights
RIVOLI—SAN BENITO
Fay Wray’s marked resemblance
to Marie Antoinette, the guillotined
Queen of France, was the deciding
factor in engaging her for one of
the leading roles in the Warner
Bros. Technicolor thriller, "The
Mystery of the Wax Museum," show
ing for the last time Friday at the
Rivoli Theatre.
The fact that she is one of the
most capable screen actresses was,
of course, a requisite, but a play
er was needed who resembled the
French Queen. Not that she plays
such a character in the picture, but
it is one of the mysteries of the pic
ture that she must resemble the wax
figure of the Queen.
popuLAR prices
I Hurry! Last Day
i Roland Young
Genevieve Tobin
Ralph Forbes
“PLEASURE !
CRUISE”
A Three-Mile Limit Hit
QUEEN—
civilian workers outside.
In the commerce department, the
bureau of foreign and domestic
commerce is being cut to the bone,
and in the famed bureau of stand
ards, 380 employes, most of them
scientists of well-established repu
tations, are losing out.
In the treasury, 600 employes of
the bureau of internal revenue
go, along with 1,500 enlisted men
and 150 warrant officers of the
coast guard, 500 from the public
health service and 200 from the in
dustrial alcohol bureaus.
In the interior department, there
will be several hundred less jobs;
in the department of justice, 1,700
fewer, including 1,300 prohibition
wmrkers.
The navy, on June 1, dropped 203
departmental workers. It is elimin
ating more from other navy ac
tivities.
Paradoxically, with hundreds of
millions going for farm relief
through other avenues, the depart
ment of agriculture expects to have
to use every possible means of sav
ing to keep within its budget.
WATER PLANTS!
BLAMED FOR
LOANSJEL AY
(Special to The Herald)
SAN BENITO, June 30.—One of
the reasons not before published
why federal land banks have not
seen fit to make loans on irrigat
ed lands in the Valley is the fact
that there are so many pumping
plants serving this area.
This is borne out in a letter
written Henry Alsmeyer, Cameron
county farm agent, A. C. Wil
liams, president of the federal
land bank at Houston.
Policy of the land banks in re
fusing to make such loans has
thrown an impediment in the way
of Valley farmers securing loans
from the federal government under
the new agricultural aid act. Pro
gress in overcoming this ohstacle
is being reported by Valley people
who are working on the matter.
It was previously known that
heavy bonded indebtedness of some
districts was one of the reasons
given for not making irrigated
land loans in this territory. Here
are the objections listed by Mr.
Williams: (a) The question of
water rights and water supply in
the absence of international agree
ments (with Mexico), (b) There
are several plants and sources of
water supply for different districts
and some of thes$ districts do not
have an adequate system of drain
age. (c) The taxes, including state,
county, road, school, water and
bonded water taxes, are so heavy
as to constitute a substantial first
lien, prior to the lien which could
be given the federal land bank.
It is pointed out that progress
has been made towards securing
an agreement with Mexico regard
ing equitable division of the
waters of the Rio Grande and
impoundment of water by means
of dams and that there are plans
proposed for consolidating pumping
plants and possibly diverting
water by gravity at a great sav
ing which in turn wrould lower the
taxes to which the federal land
banks have objection.
The well-schooled physician, min
ister or lawyer can use about 25,
000 words.
Qiitmam
TODAY — TOMORROW
“BIG TIMBER”
with BEN LYON
CONSTANCE CUMMINGS
Strange As .It Seems
Cartoon
*
Summer Price, 10c
Parra Bros.
Friday, June 30th to Monday, July 3th
_ Pure Cane, 10-lb. cloth sack. 49c
iSVIgSir Beet, 10-lb. paper sack.46c
rnCCCT Maxwell House, 1-lb. can . . 25c
V/V/F F Fi£i Bright & Early, 1-lb. pkg. . . 19c
COFFEE, Beechnut, 1 b. can 34c
H'a-lb. can Free with 2 lbs. purchase)
CHERRIES r/r50-.11c
OLIVE OIL aS^Tpint c™.... 15 c
Cm ID Vegetable, C
uUUl lOVz-oz. Can . dC
PALMOLIVE BEADS, box . 5c
TOILFv BOWL CLEANSER, Boyer’s,
* lVz-lb. Can. 16c
TOOTH PICKS, 5c box, 3 for.10c
TEA, Chase and Sandborn’s, *4-lb. can.... 19c
(10c Package FREE)
HAMS, Waterloo sSTnkVss. ib. 12c
| BACON SQUARES S#": 10c
BACON, Sliced 10c
HAM, Spiced gjg&.T^. 23c
LARD, Pure, Armour’s Star j:K; pbt,
Biggest Hardware Stock in Town
We Deliver Promptly Anywhere in Town — Try Us
Call 426 — 1215 Levee St.
-fODAY
and Saturday
Musical Hit of the
Century
“KING
OF JAZZ”
with
Paul Whiteman's Music
Bing Crosby, John Boles
Jeanette Loff
Brox Sisters
Stars! Girls! Spectacle!
4 STAR WEEK " ^ ^
_OF SUPREME HITS "f
I Sunday and Monday
Midnite Show
Sat. Nite 11:30
Thrill Hit
of 1933
I “HELL BELOW”
1 with
■ Robert Montgomery
LET’S GO
jimmy uuranie
Walter Huston
1000 Others
~ BROWNSVILLE
— TUES. —
4th July
College life
in the
raw-raw
“College
Humor”
with
Bing Crosby
Jack Oakie
Ex-Road
Co-Eds
It’s a Hit
ITS COOL I
Flatiron Building
Sold Under Hammer
NEW YORK, June 30. {JP\—With
a single drop of an auctioneer’s
hammer, the famous old Flatiron
building was sold today for $100,
000.
The Equitable Life Assurance So
ciety of the United States bid in
the monument to 30 years of ar
chitectural growth in this city at a
sale which lasted only a minute be
cause only the one bid was made.
The building was offered to the
highest bidder on a supreme court
order foreclosing a first mortgage
of $$1,238,727 held by the society.
Taxes of $139,000 with interest also
were owed by the building's owners.
Dallas Raises Quota
For Exhibit at Fair
DALLAS. June 30. {ip,—Frank
Holland, Dallas member of the
committee to provide for a Texas
exhibit at the World’s Fair, said to
day that Dallas’ quota of $7,500 was
placed in the hands of Nathan
Aidams, committee treasurer, at
noon.
The committee will meet in San
Antonio tomorrow to complete
plans for placing the exhibit in the
Texas booth at Chicago.
BUYING WAVE
COVERS U. S„
REPORTSHOWS
NEW YORK, June 30. (^(—Ma
jor events in the business and trade
situation during the past week indi
cate that the upturn is continuing
in a vigorous way “and reaching all
parts of the country in its inclusive -
ness,” said the Dun & Bradstreet
review today.
“The momentum with which gen
eral business has rebounded from its
all time low levels of three months
ago,” asserted the agency, “douot- j
less is without parallel in the his
tory of the country.”
“From a position where merchan
dise could not be moved at any price,
the nation-wide buying wave has
gathered such force that an ac
tual shortage of goods now is be
coming apparent in some trades,
with orders in excess of current pro
duction capacities.
“Starting with textiles and shoes
the movement has spread through
all the lighter manufacturing
branches and now is carrying the
basic industries into new high
ground for the last two years at
least.
“The seasonal abatement in retail
demand is not discernible, as yet,
and general reports reveal that no
recession is expected during July.
Buying has exceeded all earlier ex
pectations and is running far ahead
of that for the same period of 1932.”
Dry Agents Shoot
Man Leaving House
JOPLIN. Mo., June 30. UP) —
Homer Weese, about 45, former
weekly newspaper publisher, was
shot to death by federal officers as
he emerged from a house near here
which the authorities suspected of
housing a whisky still.
A coroner’s inquest was planned
for today.
Harold Lane, leader of the fed
eral officers said when Weese left
the house they shouted to him
“we’re federal officers” and that a
shot from Weese’s pistol was the
answer. They returned the fire.
Khaki Shirti Chief
Found Dead in Room
PHILADELPHIA, June 30. (JP)^
Daniel W. Thornton, 66. described
as a major-general of the Khaitf
shirts and economic advisor to Art
J. Smith, national commander of
the organization, was found dead i%
a gas-filled room and a police*
ir.m was overcome in an attempt
to rescue him.
Police said Thornton, a geologist
and former captain of the United
States army, committed suicide last
night in a third-floor rear room of
a lodging house.
BROWNSVILLE JITNEY JUNGLE REMODELED
Your Jitney Jungle believes that old man Depression has gone. We have every
reason to believe that we are entering into the most prosperous period we have
experienced in many years.
At this time we believe we are offering the people of Brownsville and surround
ing territory the most up-to-date food store in this community. We have enlarged
our grocery department, giving more freedom of selection from our shelves. Our
market has doubled its capacity and will be in position to give each customer the
the greatest assortment of quality fresh and cured meats.
We Invite Your Most Careful Inspection. Everybody Expected—Everybody Will Profit
“Jitney Jungle Sells Groceries For Less”
THE FOLLOWING SPECIALS GOOD IN
HOME CASH GROCERY IN BROWNSVILLE
and all Jitney Jungle Stores June 30th and July 1st—Friday and Saturday.
S( IAP 8£ 25c jPlfl
LETTUCE, large, crisp heads, each .. 6c
ORANGES, large, juicy, per dozen ... 15c
Coffee OCc
ea I
Del Monte, 1-lb. can .... CgdL
FLAKEWHITE Mb. carton . . . 7%c
SHORTENING It
CORN No’Tcan 7C
COFFEE, Olmito, roasted and packed in
the Valley, 1-lb. pkg.18c
NATIONAL SPEEDY OATS, 14-oz. pkg. 4c
NATIONAL SPEEDY OATS, 42-oz. pkg. 9c
MATCHES, Firestone, 3 boxes.10c
C! _Luna,
10 Bars only X
B CALUMET k®.22c
CATSUP Er: ..10c
WAXED PAPER ROLLS, Diamond, 40 feet
with cutter . 6c
COFFEE, Del Valle, 1-lb. pkg.14c
FIG PRESERVES, World Over, 9-oz. can only . 7V&c
TOILET PAPER, Softex, carton of 2 rolls only . 15c
TOMATO JUICE, Libby’s, No. 1 can. 7%c
PRUNES, large fresh, 1-lb. pkg. . . . 7V2C
RAISINS, choice seedless, 1-lb. pkg.. 6V2C
Armour’s POTTED MEAT only. 3c
Armour’s VIENNA SAUSAGE, per can 7c
--■ ^
GRAPE JAM or JELLY, Rosemary,
16-oz. Ice Tea Glass.18c
OVALTINE, Helps You Sleep, $1.00 size only . 75c
OVALTINE, Helps You Sleep, 50c size only . . . 35c
SARDINES, Congress, in Pure Olive Oil, can. . 7V2C
BORDEN’S CARAMELS, will not melt in
heat, V2-Ib. package ;. 9c
BLACKBERRIES, Whatcom, gallon can.31c
Combination Chinese
Dinners
PEPSODENT ANTISEPTIC
3-oz. Bottle.18c
7-oz. Bottle.35c
TOOTH PASTE, Ipana, 50c tube .... 35c
PEAS, Del Monte, Early Garden,
Tender and Sweet, No. 2 can . .. 16c
MAXWELL HOUSE TEA, the Good Summer
Drink — *4-lb. tins . . 15c Vi-lb. tins .. 25c
MARSHMALLOWS, for the Beach, Vi-lb. pkg. 7Vic
APPLE BUTTER, Musselman’s, 38-oz. jar ..... 15c
SHAVING CREAM, Ingram’s, 35c tube_29c
PEACHES, Delicious, Del Monte, No. 2Vi can. . 14c
SYRUP, Gold Label, Brer Rabbit, No. 1*4 can. 18c
. Supersuds 71/p
,, Supef 3maii Size. I /2L
!t§ i
| MILK Ct
Boiaen’s Two Small m » C
or One Tall Can.
tf WESSON OIL U^1
i8S" 49c s
. * gelatin dessert £
UlLATIN Pe°/eAkL,
l The Dessert Everyone Likes
CHOICE QUALITY BEEF—
7 RIB ROAST, per pound.I2V2C
SHOULDER ROAST, per pound.15c
CHOICE QUALITY VEAL
CHUCK ROAST, per pound.10c
ROUND STEAK, per pound.19c
LOIN STEAK, per pound . 17c
STEW MEAT, per pound. 8c
FANCY SLICED BACON, per lb.17c
rr 11 ——■
CORN FED PORK
SHOULDER ROAST, per pound ..10c
LOIN ROAST, per pound.12Vic
YOUNG FAT LAMB
SHOULDER ROAST, per pound.12c
CHOPS, per pound.15c
STEW MEAT, per pound. 8c
PICNIC HAMS, Sugar Cured, per lb.12Vic
CREAM CHEESE, per pound . ..18c
P^AVE A^NICJ^L ON A QUARTC2T^|