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The Coolidge examiner. [volume] (Coolidge, Ariz.) 1930-current, May 18, 1939, Image 4

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn94050542/1939-05-18/ed-1/seq-4/

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Published Every Thursday
Entered as second-class matter March 7, 1930, at the post office at
Coolidge, Arizona, ur.de- the Act of March 3, 187$.
HOOPER & HOOPER _ Puwiwer.
. L “ HOOPER Editor
One Year In Pinal County 50
Year, Outs de P.nal County $2 00
\\ riting in tlie Saturday Evening Post, Harry Soher
man, the distinguished economist and author of “The
Promises Men Live By/’ says( “There is only one alarm
ing aspect of our rational debt, in my opinion—the apathy
and ignorance of the American public with regard to it.
The common attitude is: If the experts differ as widely
as they seem to do f why should an ordinary citizen add
the national debt to his other workaday worries, sufficient
unto the day are our own debts; if some great national
disaster is really involved, poor posterity, not ourselves,
will suffer it.
‘But ten or twelve years from now is hardly posterity.
Quite a few economists are of the mind that this short
period may easily witness an economic tornado arising
from the debt if its uninterrupted rise is not permanently
The public callousness toward a fiscal policy that,
long enough continued, can result in nothing else than
national bankruptcy, is one of the most tragic things in
our life as a people today. Nine short years ago the debt
had just passed tl e $16,000,000,000 point, and millions of
thinking people were worrying about it. Today the debt
has reached s4l,ooo,ooo,ooo—and most of u*s seem to
take it for granted, as if it were as uncontrollable and as
little important a* a change in weather.
The title of Mr. Scherman’s thought-provoking Post
article is, “Is Posterity Just Around the Comer ” And
there can be no logical answer to that question, except
Yes. If the debt should rise as much, proportionately, in
the next nine years as it did in the last nine, it would pass
$100,000,000,000! And no one, not even the most fanati
cal of the “spend, spend and spend” advocates, has yet
contended that we could carry so great a load as that
without living in a state of permanent depression, with a
tremendous perce itage of the population permanently on
relief, and the standard of living of the rest of us con
stantly dropping.
The debt is controlled—or not controlled—by the men
we elect to office—the Congressmen and the state legis
lators and county and municipal officals. And these men
are controlled or not controlled by the people. The debt
problem comes squarely back to us—the voters of Ameri
ca who must decide whether we shall return to fiscal
sanity, or go whole hog toward ruin.
The professional politician has long used the “bank”
and “money povvirs” and “Wall Street” as the red flags
he has waved win n trying to inflame constituents so they
would vote for him to save themselves from something,
although neither they nor the politician really knew
what the something was.
Discussing the subject of how well the banks meet
the public needs, W. R. Burgess of The National City Bank,
shows up some of the red flag wavers. He said in a recent
“It is a long standing habit in this country to blame
the banks for our troubles. Everybody wants money, and
the banker has it. In every community there are many
people who think the banks should lend them money, and
to whom the ban ters had to say ‘no/ They spread the
news of the banker’s sins. They go to the politicians with
their stories, and he hears ten such stories to one of the
other side, and er>ch story carries one vote.
“The banks of the country are organized to make
loans. They are equipped to make at least twice the $16,-
000,000,000 of loans which all the commercial banks of
the country now have outstanding. Many banks are adver
tising for loans. All are seeking them.
“The reduced volume of bank loans is not ascribable
to bank policy but to a combination of business depression
and the change in practices in financing business which
made itself evident before the depression.
“But in answer to the question, ‘Are banks lending
money freely enough ’ there is much better evidence
than the naked testimony of the parties concerned.”
Mr. Burgess then shows that the Reconstruction Fi
nance Corporation and the Federal Reserve banks have
been given broad powers to make loans for long terms and
on risks commerc ; al banks could not take, but in spite of
that, in March, 1939. according to figures published in the
Federal Reserve Bulletin, these two agencies had out
standing a total of only $125,000,000 of loans, which is
less than 1 per cent of the total commercial loans of the
banks of the country. Further, the Bulletin said that
the risky type of loans did not return sufficient income to
cover expenses ar.d losses.
‘‘That experience is substantial evidence,” said Mr.
Burgess, “that in general the banks are doing a pretty
good job of lending and that most borrowers turned
down are not good risks.”
It is interesting and rather surprising that the RFC
and the Federal Reserve banks with tfceir liberal policies
and their longer term lending, have been able to make as
few loans as they have. It is sometimes well to know the
facts before you wave a red flag or allow yourself to be
stampeded by one.
i v MgKjjaE&Vi' ; .
Here are two of the automotive engineers who for 65 days tested
lx popular gasolities along with ten new formulas developed in Rich
field’s new refinery. The best performing gasoline of the lot was
number 8, one of the experimental fuels now offered to the public as
Richfield All-Time Hi-Octane.
Junior and Senior
Banquet and Prom.
A Success
The banquet and dance Riven
Friday night by the Junior class
for the Seniors was a success for
all those attending. Miss Miller as
sponsor of the Juniors, and the
Junior class are to be congratulat
ed upon the time and effort they
spent In making this a memorial
affair for the Seniors. Long will
they remember the southern
hospitality displayed by the Juniors
Friday night.
The banquet table was decorated
with beautiful magnolia blossoms
grown at Sacaton, and the center
pieces were made of delicious
white cake with flowers of frost- j
ing, in the center of which reposed
a typical old southern plantation
house. This cake was cut and
served with ice cream for desert
after a delicious southern style
dinner had been enjoyed by over 1
one hundred guests. The follow
ing program was enjoyed over a
loud speaker system erected by
Henry Simpson for the conveni
ence of the speakers who were
seated in the center of the ex- 1
tremely long banquet table.
Toastmistreßs, June Hammond,
Toast, Nadine Irvine. sen ! or.
Plantation, quartet. Della Lou
Ware, Virginia Urton. Coralane Se-j
well, Betty Lee Ward.
Toast. Frankie Henson, Student !
Body President.
Mellophone Solo. Mary Gardner
Boss Principal Mangun, because
of his unavoidable absence. Mr. H.
Fisher, senior sponsor, gave a talk.
Colonel, Mr. Preece, member of
the school board.
Marse, Farmer Brown.
The banquet was prepared by
Mrs. Loucks and her Home Eco
nomic classes and served by ten
Sophomore girls.
After the banquet, those attend
ing, Joined the rest of the crowd
ii> the beautiful decorated gym
nasium for an evening of dancing
The dance floor was marked off
with a pretty white fence, with
entrances to the floor through
arbors of beautiful flowers, the
motif representing a beautiful
southern garden. The Southern
Belles, dressed in lovely evening
gowns, and inspired by the lilting
tunes of Burk Nash’s ten piece or
chestra was a beautiful sight. The
Grand March was led by the presi
dent of the Junior class June Ham
mond and her escort.
Mr. and Mrs. O. M. King re
turned Tuesday from a few days
visit with Mr. King’s mother' in
Pasadena, California.
Our High School has attained approved high
standards under the supervision of Superintendent C. M.
Mangun who has assured our community a modern high
school education for their young people. This high
school as approved by the North Central Association is
an asset to the community and has great prestige in bring
ing non-resident students to this high school and inci
dents increasing the population of Coolidge. Much credit
is due Mr. Mangun for his untiring efforts in promoting
all beneficial policies needed to put our high school on
this accredited list, and the patrons of the school are very
grateful to him for his interest displayed in the Coolidge
When the legislators of a prominent state recently
bogged down in their endeavors to find new sources for
taxation, or ways to increase old taxes, for the simple
reason that taxpayers were rebelling, a tactless editor re
marked that they might do some exploration into the field
of economy which they seemed to have overlooked entirely.
Houston Memorial
I hH
• |||il
*j i *
We are waiting for a few de
linquent subscribers to call and ad
just their account.
Kenilworth Scout
Troop go to Camp
The Kenilworth Scout Troop of
Kenilworth school are preparing
for their weeks encampment at
Mt. Lemon. The boys that will go
to camp are Roy Wing, Billy Urton,
Oland Upton, Llyod Atkinson,
Donald Hall, Robert and Raymond
Blakeman. Four of the boys, Billy
Urton. Roy Wing, Oland Upton, and
Donald Hall will advance to Star
Scout rank. Mr. P. B. Hauskens
will go to Camp Lawton during the
encampment from May 21st to
June 17th as camp counselor.
News for Chevrolet
More than half a million .owners
of late-model Chevrolets this week
will receive a new picture magazine
through their local Chevrolet deal
ers from coast to coast. "Friends
Magazine,” a 24-page publication,
printed in color, is a magazine of
general interest to motorists, sports
fans, women, hobbyists and chil
Mailed from Detroit to a list of
names selected by Chevrolet deal
ers the nation over, ‘ Friends Maga
zine” will go out monthly to a
gefieFous cross-section of the great
family of Chevrolet owners. It 5 '
edited by the Motor City Publish
ing Co.
Pictures will comprise the bulk
of the editorial matter, several
specific fields being covered in
each edition. A women’s section,
movie reviews, a hobby division,
and a monthly photographic con
test with a cash award, are features
of ‘‘Friends Magazine.”
No attempt has been made to es
tablish hard-and-fast “departments”
in the new-style magazine. Believ
ing that departments made for a
static publication, the editors
have outlined a flexible structure
for the new journal.
Highlights of the first issue in
clude baseball articles by Charley
Grimm, former manager of the
Chicago Cubs and now a radio
sports announcer for W B B M,
Chicago, and Harry Heilman,
former Detroit Tiger now sports
casting for WXYZ. Detjitolt; a
Hollywood column by Richard
Francis, West Coast correspond
ent; a woman’s page by Charlotte
Morgan, New York writer, and
editor of the magazine’s women’s
section and fiction and features.
Adhering to the photo theme,
3/ „ . „ . , . . This Big 6 Passenger DELIVERED
, m,lea to . the gallon! comfort, too .. . with enthu- Victoria Sedan AT FACTORY
That s the startling record this siastic praise for its silent, easy 0 J M c,,_j jr • . .
rid* .. . it. temfic 99 h.p. » sOll
chalked up to carry off first gine... the uncanny "Weather MU (Wku. u™.' mi
place among cars of its price Eye”*. Yet this big, roomy, V I T ««wW.u.i«i**>
in the famous annual Gilmore 117-inch wheelbase car is C’Optmms/ Bgntpmtnt—Slight Extra Co*)
. Yoscmite Economy Run. And priced way down low! Take a ■ ll ——————
Nash carries off honors fer spin in a new Nash today!
Grover Hall HIIBWMI
Local Dealer Fone 157 j
1 Seebofl*. oJrtfAa I
1 by air-cooled jfW® I
I train tor only f*l 1
1 tnn wn®® I
1 tMU in chair cars & coaches I
I in Pullmans (berth extra) ' “
Heres the most amazing travel bargain you ever DChllf Eh Dill I M Akl ElDrc l
heard of! Starting from any Southern Pacific station, KtUULfcl/ rULLIVtAN iAKIjI
you can go to San Francisco and see the beautiful
Golden Gate International Exposition on Treasure Lower Berth *45 Round Trip
Island —then go East on one S. P. route, see the great **
New York World’s Fair,and return to your starting Upper Berth *34 50 Round Trip
point on a different S. P. route. r
Thus you not only see both Fairs but twice as much For this “Grand Circle Tour”, standard Pull
of the United States in the bargain. man fares have been reduced,too. $45 buys
a standard lower berth for the entire round
Hotel Accommodations Guaranteed! tri ? to “ r ’ over the same route as y°“ r rail
ticket. 1 ou can stop over anywhere for no
Ask us about American Express tickets that guaran- extra charge. Sightsee by day and travel by
tee you hotel accommodations in San Francisco and night,if you wish. Upper berth only $34.50.
New York. Their cost is small. Big savings on room accommodations, too.
Sam*l«a«m *)_•£• FREE: 50 trips to either Fair
lllllvl ■ aCIHC The Pullman Company is offering 50 trips
to either World’s Fair for the best names
G. W. ADAMS S2r c “ Asks ' p ' a * e °' for
PHONE 22 18)
the magazine bears a picture cover,
x' lil le photo strips and picture
stories have been used throughout.
The purpose of the new publica
tion. as outlined by its publishers,
is to .enable Chevrolet dealers to
maintain friendly relationships with
their customers through the medi
um of an interesting, readable
news magazine. The page size j
of the magazine will be 10 x 13
inches, approximately the format |
of several major magazines.
” Advertising in “Friends Maga-1
zine” will be restricted to a center
spread on the Chevrolet product,
in order to provide ample news
and feature space. Each copy will
carry the local dealer’s name on
the back cover.
In the Matter of the Estate of
M. L. Wicks, deceased.
It Appearing to This Court, by
the petition this day presented
and filed by A. M. Peck, Admin
istrator with the Will annexed of
the Estate of M. L. Wicks, deceas
ed, that it is necessary to sell the
whole or some portion of the real
estate of said decedent to pay the j
debts of decedent and the expenses j
and charges of administratiion.
THURSDAY, MAY 18, 1939
It Is Therefore Ordered by this
Court: That all persons interested
in the estate of said deceased ap
pear before the said Superior Court
on Monday, the 29th day of May
A. D. 1939'. at the hour of 10
o’clock A. M„ of said day, at the
Court room of said Court, at the
Court ’House, in the city of Flor
ence, Pinal County,State ot Ari
zona, to show cause why an order
should not be granted to said A.
M. Peck to sell so much of the
said real estate as shall be neces
sary, and that a copy of this order
be published four successive weeks
in the Coolidge Examiner, a news
paper printed and published in the
said County of Pinal.
Dated April 24th, 1939.
e. w. McFarland,
J. Phil Claridge,
Attorney for Administrator
First publication April 27, 1939.
Last publication May 18, 1939.
Bonded Real Estate Broker
“Oldest Insurance Agency In
Your Patronage Solicited
And Appreciated

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