The Ennis Daily News (Ennis, Tex.), Vol. 40, No. 342, Ed. 1 Monday, February 19, 1934 Page: 2 of 4
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PAGE TWTC
T-2 ANUEs D.. NEWS MONDAY EVENING, FEB 15, 1934
The ENNIS DAILY EVENING NEWS
uonsten every day except Sunday by the United Publishing 00, West
An Street; also, publishers of The Ennis Weekly Local and The Pal
ie, Plstler. Entered al the postoffice al Ennis, Texas hs second class
il matier. Office telephone 44.
Ponzi and Other Financial Bubble-Blowers
SMU Stops TCU
Saturday Night By 1
Score of 32 to 27 —
spectacula
number,:
MAMA A 1 fan d Encers in "Fashit
Flashes the picture now shew
-—— —-——---— Plaza Theater.
ring 20
, cf 1934"
, at the
Dallas, Texas, Feb. 19.-- Texas
One Year ______
six Months ___
SUBSCRIPTION RATES-
By Carrier or Mail
___________$6.00 -.Three Months
__________ $3.00 One Aonth _.
| Christian University’s Horned Frogs
- were slowed up in their rush for
| OSTRICHES SOUGHT
TO TURMISH FEATHERS
This meant 400 fans, each con-
taining six ostrich plumes. The
_____$1.50
______50c
the Southwest Conference basket
FOR 200 FAN DANCERS feathers alone for the number, are
__estima ed to have cost $10,000,
DVERTISING RATES MADE KNOWN ON APPLICATION
The publishers are not responsible for copy omissions, typographical
errors or any unintentional errors that might occur further than to
rerrect in next issue after it is brought to their attention. All adver
ising is accepted on this basis only.
W. accept advertising only from concerns we believe so be absolutely
-liable Readers are requested to notify us promptly of any failure
Ton the part of the advertiser to live up re the standard of rvica Or
promises in these pages. whereupon we will immediately take suitable
Nation.
The Ennis, Daily News stands behind all movements that will go to
the development and betterment of Ennis as a city. EE’s as a county
Texas as a state, and the United States as a nation
SATURDAY EVENING, FEB. 17, 1934
MONDAY EVENING, FEB. 19, 1934
ACCORDING to figures from Washington the
ernment of the United States now owns preferred
GOv-l
stock |
7-Hume
»G Cas
--------------—---Ivar c 6
Alexander Stavisky Charles Ponzi Kreuger C "
", Charles Ponzi y
and wife, Rose
ball title Saturday night as Jim-
my St. Clair’s Southern Methodist | mand at the Los Angeles Ostrich
Farm these days by the long-leg -
ged, uingrinh
i University Mustangs fought them
on even terms through most of the
‘firs half, took a slight lead five
minutes. before the end of the
period and then went on to win,
32 to 27, before a howling mob of
Mustang partisans in the Pony
Red flannels are greatly in de-and while the ostriches may wear a
pained expression as the cold breeze
whistles about their plucked hides,
they at least have the satisfaction
birds who have € 1.90 .
"given their all" for the sake of of knowing that their sacrifice
art I added a • great contribution to
" Virtually every ostrich in the cinema art and incidentally permit-
place is qualnea for instant ad-ted their boss to declare a fat
mission to the nudist colony at me
Lake Elsinore, California, and no
gymnasium.
St. Clair started a combination questions asked, or answered —
because of the recent demand for :
| that included Clyde Carter, Paul
Briggs aud Truman Spain, a trio
of husky football tackles who went
unde rthe goal to mix it with the
towering Frogs and who held Rich-
and Allison, Darrell Lester and
Slim Kinzy, who have carried Pie
da
I.
ostrich feathers at the First Na-
tional sudio.
Busby Berkeley, dance director,
needed the feathers to stage a
WAXAHACHIE RANGERS
brunt of the Frog scoring this .
season, to five field goals between
them. Kinzy turned three of these.
RICE EVENS COUNT,
SWAMP CORSICANA Y
PLAZA
TODA Y
ONLY
A
Corsicana, Texas, Feb. 17.—Out-:,
classing their opponents in almost -
every department of the game.
in 1,300 national banks. The figure is expected to be mul-,
-tiplied by at least eight during the next few months. The
purchase is the beginning of the Administration plan for
providing national banks with funds for loans to busi-
nesses requiring additional capital for co-ordination with
the processes of NRA and its auxiliary relief agencies.
The proposition is one of the most peculiar in the en
tire realm of Administration aid to industry. Singularly
Charles E onzi, Italian immigrant boy who developed into a “financial genius" and who sat on top of the
world until his bubble burst in 1920, bringing a loss of between $8,000,000 and $14,000,000 to trusting in-
vestors, came out of State Prison in Boston into a world that has come to regard his operations of a decade
ago as petty larceny. Since the Ponzi affair, the names of Ivar Kreuger, Swedish match king, and Alexander , Houston, Tesxas, Feb.
Stavisky, whose pawnshop frauds brought France to the brink of revolution, have flashed across the horizon. : University
They juggled with millions where Ponzi was content with hundreds. When Ponzi was on the crest of the
wave, he and his pretty wife. Rose, were two of the most popular people in the United States. Now, after
completing 14 years in prison, the erstwhile financier is facing deportation.
the Waxahachie Rangers of the
DEFEATS ARKANSAS, •
SECOND GAME 25-2% Dallas-Fort Worth intercity loop
plastered a 64 to 48 defeat on the
19.— The
Corsicana Y. M. C. A. Aces Pri-
day night. The Aces recently de- |
of Arkansas cagers
threw a scare into the Rice Insti- feated the Rangers in an extra pe-
riod game here.
tute fans in the closing minutes of
their game with the Owls here
enough, the great majority of those 1,300 banks did
actually need the money. Again singularly enough.
general run of banks would be happy to lend their
Dlar customers the money required for legitimate
not
the
reg-
devel-
opment and expansion projects—but the customers are
not borrowing. They want to see ahead a little farther.
If they borrow money they must assure themselves that
it will earn the interest and a little profit for use in
eventual repayment. There is no hypothesis more impos-
sible than the one which assumes that loans need not be
strictly for constructive purposes. Business men are prob-
ably more thoroughly sold on that equation than on any
other one within their lengthy list of necessary calcula-
tions.
The stock purchased by the Government is preferred
stock, authorized by the Comptroller of the Currency in
sums representing the conditions of the individual banks.
The dividends on the preferred stock are fixed and rep-
resent the return to the treasury of the money advanced.
If the banks lend it, they are given a small margin
profit—but the bank’s credit must lie behind the loan.
Banks generally are, to sav the least, lukewarm
of
to-
ward the proposal. They greatly prefer to use the funds
available from their own banking enterprise for the loans
they elect to make to their customers. The cost of funds
they do not need and the insurance against loss to depos-
itors that is unnecessary expense to the conservative com
netently managed banks will be a considerable drain to
the already depleted earning capacities of banking insti-
tutions. They prefer to “eliminate that - cost-while -protest-
ing deposits by first class banking methods and making
their loans out of the percentage of deposits which leaves
hem in safe and liquid condition at all times.
The movement is on, however, and one-sixth of the
firmly established banks of the country have issued the
preferred stock and sold it to the Government. What will
be done with the extra funds is now the question of par-
ficular interest. The persons who are expected to borrow
it and pay it back are the ones who will send in the an-
swer.—Fort Worth Star-Telegram.
----_—_0 0-----..—. —
DEBT IS THE LAST GREAT CURSE TO ESCAPE
FROM HELL
WE HAVE placed a mortgage on the future.
Our children and their children’s children will
have
to pay it off.
. Our children will inherit little but our debts.
The average per capita tax for all causes in 1934 will
be $402.
The tax will be as much as the average income.
We are adding to the load of debt by a billion per
month. 5
-Ou r unborn child ren will have to pay for our extrava-
. We ought to simplify living.
We ought to get down to scratch.
We ought to pay as we go.—E. H. Hudson in Mexia
News. * * *
00
A MAN in South Africa found a large diamond and
turned down $375,000 for it. He should take the money
quickly. before he discovers there are no more princes to
sell the diamond to.
- : - ----—----00------——
HENRY FORD who did not subscribe to any automo-
bile code, and who was terribly censured therefor, yes-
terday raised wages of 20,000 shopmen 10 per cent, add-
ing that "this is the best economy I know." Some people
as a result, are saying, give us more of HF and less of
NRA.—Waxahachie Light.
Red Faber Retires
From Baseball
Chicago, III., Feb. 19. Urban |
Charles "Red" Faber, one of the
last of the spitball artists in the I
major leagues, quit baseball Sat-
urday.
After 20 years as a pitcher the
45-year-old veteran walked into the
White Sox offices and told Presi-
dent Louis Comiskey of the Chi-
cago American League club he was
through. It had been expected he
would sign a contract for ano her
year on the mound.
A native of Cascade, Iowa, Faber
attended St. Joseph College at Du-
buque and got his start in the
game there. The Pittsburgh Pirates
gave him a big league debut in
1910, but later sent him back to
the Dubuque club and it was in
1914 that he joined the White Sox
for a pitching career in earnest.
He stayed with the Sox for 20
straight years.
THE NOKE
WILL BE
TRIMMED
WITH THE
JING FRLT2
OH.
LOVER
Frogs Match Two
Grid Games With
: Purdon Won Cage
Crown In Navarro
Santa Clara U.
Farm Hints
From N. T. A. C.
-| Corsicana, Texas, Feb. 19.— | ____
Fort Worth, Texas, Feb. 19. A Weathering four games in a three-: This Week: Permanent Spraying
home-and-home agreement for a y siege, Purdon High School an- By M B Lobo, Professor or Horc-
football games in 1934 and 1935 nexed the Navarro County Univer-I culture
has been reached by Texas Chris- sity of Texas Interscholas ic League !
tian and Santa Clara Universities,
it was announced late Saturday by
L. C. Wright, business manager of
T. C. U.
Santa Clara will play in Fort
Worth Dec. 8, 1934, while T. C. U.
will play in San Francisco Dec. 7,
1935.
Invision of the Grade A Cali-
fornia team will mark the first
time in history that
coast football team
Texas.
Signing the contract
a Pacific
has visited
for the
Class B basket ball title There Sat- | Dormant spraying of fruit trees
urday night, defeating Corbet 37 may be done anytime during the
to 23 in the final game. The B win winter before the buds begin to
ner will meet State Home of the | swell in the spring. Where scale
A division for the county title here infestation is severe, one applica-
next Monday night.
Corbet was given the second place !
rating as the result of winning its 1
semi-final game and Emhouse was |
awarded third place after Rural
Shade, defending champion, for-
I feited the consolation game.
| Twenty-four teams entered the
race last Saturday.
games assured the 35 Frogs of I
carrying the purple and white into |
California for the first time and
fur her away from home than a
Frog team has ever been. It like- !
wise probably launched the Chris- |
tians, outstanding team in the
southwest for a number of years,
onto a new policy of play. Here-
tofore—they have confined them -.
selves almost exclusively to games
with teams in their own sec ion.
Dempsey Manager
Died Result of
Auto Injuries
Oklahoma City, Feb. 19.—Maurice
E. Cain, 54, business manager of
Jack Dempsey, died in a hospital
here Saturday night from injuries
received in an automobile, accident
near Edmond Tuesday.
For quick l’Estits use Daily News
Vant Ads.
John J. McGraw
Is Seriously III
In Hospital
tion near the beginning and an-
other near the end of the dormant
season is advisable.
One gallon of concentrated lime-
sulfur (Sp. Gr. 1.03) to 8 gallons
of water controls scale insects and
I HAVENT SEEN
THE WIFE F OR
3 DAN S 1 WONDER
E ILl RECOGNIZE
HER
>
0
Ro 0°
41
G
' C @
Saturday night, but the rally fell
three points short and Rice won,
25 to 22. The invaders had captur-
ed Friday night’s contest, 31 to
20.
By winning Saturday night the
Owls kept in the thick of the four-
way fight for second place in the
Williams was the outstanding
star and converted 28 points for
the Rangers, and Powers of the
Rangers and Cecil Hobbs of the ,
Aces were second with 17 points |
each. i
In a curtain-raising event, the
Navarro girls won 24 to 21 from
the Richland girls.
4 Pi
Southwest Conference basket ball.s . . * 1
Baylor vs. Texts Christian Uni- |
standing. Rice and Texas Aggies
now are tied for second wi h Texas
and Arkansas each half a game I
behind.
After playing miserably Friday
night in the early stages of the
contest, the Owls suddenly found
themselves at the start of the
second half. Trailing 11 to 8 when
the period began, they unloosed a
brand of play which increased
the leaf curl disease of peach. 1
| Oil sprays may be used also as goal.
their point total to 19 before the
lanky Ra zorbacks again found the
12c
a dormant spray- for the control
of hard and soft-bodied scale in-
sects, and European red mites. Di-
Jution to a 2 per cent solution of
oil
recommended. Applications
should not be made just before a
severe freeze.
Conference Calendar.
Team—
T. C. U____________
Texas A. & M.-
Rice Institute______
U. of Arkansas
W L Pct
_ 7 2 .778
-_____4 3 .571
_14 3 .571
_4
The efficiency of the spray de- U. of Texas-
New York, Feb. 19.—John Mc pends upon the proper mixture of
Graw, "little Napoleon" of major the spray material and how
league baseball for thirty years, thoroughly the tree is covered,
was seriously ill in New RochelleL--
Hospital Sunday night.
| Although hospital authorities de-
clined any comment whatever be-
I yond admitting McGraw was a
patient there, it was learned the
veteran baseball leader was suffer-
ing from uremia.
Better Business
—Is sure to some to the mer-
chant who plans for and goes after
better business in 1934. Let your
advertising budget include liberal
and regular newspaper alvertising
as a part of your program for a
better 1934.
College Basket Ball.
Southern Methodist 32, Texas
Christian 27.
Rice Ins itute 25, Arkansas 22.
L. S. U. 36, Tulane 21.
Southeastern Oklahoma Teach-
ers 43, Oklahoma Baptist 27.
Oklahoma 53, Nebraska 23.
Stephen F. Austin 47, North Text-
as 24.
Temple 34, Georgetown 29.
A Daily News Want ad is small
n cast but his in Results.
A Want Ad will sell ft.
S. M. U.
Baylor U.-.___
- 3 5
.500
.500
.375
2 7 .222
Last Week’s Results
Texas Christian 29, Rice 27, at
Houston.
Thursday: Baylor 39, U. of Texas
31, at Waco. ′
Friday: Arkansas 31, Rice 20, at
Houston..
Saturday: Southern Methodist 32,
Texas Christian 27, at Dallas. |
Rice 25, Arkansas 22, at Ecus- -
ton. . |
This Week’s Schedule.
Monday:
Arkansas vs. Texas A. and M.
at College Station.
Tuesday: Arkansas vs. A. & M.
at College Station.
Texas vs. Rice at Houston.
THE GEEVUM GIRLS
I HEXI-WAAT S THE
1 DEAR--YOURE C
: ) SHARING THE HOUSE! (
IM IMPROVINGi
IMDABIITHLEA ′
POOL! OUR ANCESTORS
7 NEVER HAD TO RESORT .
TO SUCH METHODS (
I KNOW DAD 4
BUT LOOK
UTHEM NOW-%
DO YOU KNOW WHY - - - It’s
To Get A Woman’s Attention When Dame Fashion’s Talking
0
r
THE BED
WASN’T BEEN
MADE FOR
TEN DANE’S
THe rxINGE
WILL LOOP
THE LOOP .
| ON THE LEFT
\ ELBOW —
SO
RICE
MARGE SHE’S
FORGOT TEN THAT
I LIVE HERE
Too r—-
THE PLEAT
WILL 0€
PUNCTUATED
. WITH
LA CE
JU ST
4RAND
DON’T GET A
MEAL SOON VL
, EAT P
SUSPENDERS
THE COLOR
SCHEME wiu
B€ OF PINK
LAVENDER
versity at Fort Worth.
Friday: Texas Christian vs. Tex-I!
as at Austin.
Saturday: Rice vs. Southern:
Methodis: at Dallas.
Baylor vs. Texas at A. & M Col- 1
lege Station.
Plaza
WEDNESDAY|
THURSDAY
FRIDAY
EDDIE CANTOR
IN THE SAMUEL GOLDWYN.
PEOPO NIONS OR
ROMAN
SCANDALS
: - Beleos d mfV UNITED Anns:
A GREAT
LAUGH
STORY
/ DRESSED
ALIKE A
a MILLION!
. Plus
Comedy
A
Hc
enc
Mr
sicl
Ho
we
on
tur
mo
you
Fashion Follies of
1934
William Powell, Bette Davis,
Veree Teasdale, Frank Mc-
Hugh and 200 Beautiful Girls
—TUESDAY ONLY-
"MADAME SPY"
With Fay Wray, Nils Asther
Any Seat, Day or nite - - 15c
PLAZA-Special
-TUESDAY ONLY-
150
FAY WRAY and/NILS ASTHER in "MADAME SPY"
ANY SEAT, MATINEE OR NITE FOR -
‘**424441
im Ealy
- 15c
THEYRE ALL ] amTg
DEAD
by Fisliei
OF COURSE HELO
PAN FOR IT r
DONT 1 WAIT ON )
THAT LITTE \
B06B HANO ANOS
PooTU----
M
her
of
M
gen
Hot
the
Wal
you
L.
Lou
M
and
and
Neil
Mr.
baby
Sun
M
Rice
weel
Mr.
Cl
Dall
hom
or
DU
SI
H
tion
Adle
sons
lowe
ends
drug
Eve
are
por
me
be
If :
age
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pla
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sur
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The Ennis Daily News (Ennis, Tex.), Vol. 40, No. 342, Ed. 1 Monday, February 19, 1934, newspaper, February 19, 1934; Ennis, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1677130/m1/2/: accessed May 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Ennis Public Library.