The Courier News from Blytheville, Arkansas on January 3, 1956 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Tuesday, January 3, 1956
Page 5
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TUESDAY, JANUARY », WM BLYTHEVILLE (ARK.) COURIER NEWS PAGE FIVE Savings-Loan Organizations Witnessing Biggest Spurt . ' \. By SAM DAWSON NEW YORK (AP) — Turning other people's savings into homes — an idea that got its American start 125 years ago today — is in its biggest spurt. > Savings and loan associations are counting on 1956 being just as happy a year for them as last despite federal credit curbs and even if a few less homes are built. They finance about one third of the homes built each year. Leaders predict' there' will be plenty of demand from the right kind of risks (by lenders 1 stan. dards). And they hope to find enough money to satisfy the demand. If fewer houses are started, they contend, It will be other lenders who will feel it. Curt* to Be Eased? There's some chance, too, that federal curbs will be eased. The big question, however, is whether people will save enough this year to keep Investment coffers fill The loan associations are scrambling for money just now. To find funds for new mortgages some are selling their' present ones to the Federal National Mortgage Assn. in the greatest volume in 13 months. In the two weeks oefore Christmas Fanny Mae (the federal corporation's nickname) brought 13 '/ 3 million dollars worth of old mortgages, providing funds to keep the mortgage business rolling. The first savings and loan group —was founded Jan. 3, 1831_, in Frankford Village, near Philadelphia. By March 2 it had enough money to make its first loan, $375, to the town's lamplighter to build a home. The house still stands and is now the property of' the Pennsylvania Savings & Loan League. ' By now there are 6,000 such savings and loan associations (4,234 of them members of the Federal Home Loan Bank System) with assets that have climbed to 38 billion dollars—a gain of 6V4 billion last year alone. Near $50 Billion Harold P. Braman, executive manager of the National Savings Loan League—a trade organization with 700 members—predicts the total will approach the 50 billion dollar mark by the end of this year. Walter H. Dreier, president of the United States Savings £: Loan League—-a trade organization with 4,200 members — estimates home lending by savings and loan groups last year climbed by.31 per cent to reach a total of 11 billion dollars. This brought total mortgages in .their vaults to 31 1-3 billion. Some 14 million Americans use these associations, either as savers or borrowers. Savings totals gained by . 5 billion dollars, or 18 per cent, last year. Loan repayments provided another 5 billion. But-it was the big demand for still more home financing that sent the associations borrowing another billion in their turnr-either from the Home Loan Banks^or by sell- Ing mortgages to Panny Mae. Nevada Casino Remains Closed LAS VEGAS, Nev. Wl — A skeleton crew kept doors padlocked on the gambling casino and show room of the lavish Royal Nevada Hotel today. Only guest rooms remained open. Officials said there was sufficient food and liquor on hand for the registered guests but none for those persons who might drop In casually. -The casino was stopped Saturday night.. A hotel spokesman said the step was taken after employes, fearing the hotel was closing, starts ed helping themselves to cash and chips. Future of the 250-room hotel, which has been beset with financial difficulties, remained in doubt. Bill Miller, general ' manager whose resignation was supposed to have been effective Dec. 28, was reported still occupying his office. Uruguay Official Faces Duel With Editor of Newspaper MONTEVIDEO, Uruguay UB — Arbiters will decide whether chief of state Luis Battle Berres must fight'a duel with a newspaper editor his own paper blatsed. , The editor of the weekly La Na- clonal, Washington Guadalupe, had accused Batlle Berres of protecting -nr-ivate interest financial agent for Fernando. Farina, managing editor of the chief of state's daily newspaper Accion. Accion replied editorially that "apparently we are in the presence of low-minded people; only those who have dirty souls can write such things." Guadalupe then challenged Batlle Berres to the duel, but the latter refused to retract his editorial. Each named seconds to discuss the "matter of honor." Uruguay's laws permit dueling, Public to View Hague's Casket JERSEY CITY, N.J. (ff*)—Scores of former followers will pay final respects to Frank Hague, onetime political overlord, as his body goes on public view today. Messages of sympathy 'poured in from friends and even former political enemies of the colorful Democrat, who died in New York New Year's Day at the age of 81, Hague, considered the last of the nation's old-time political bosses, had been ill for several months. His body. was returned here from his Park'Avenue apartment. The mayor of Jersey City for eight successive terms, Hague's political influence was felt in the nation's capital. His body will lie in state today and tomorrow at a funeral home here. Funeral services will be held Thursday. Parade Makeup Was Humiliating PASADENA,. Calif, (ft — It was downright humiliating-, partner, what a couple of frontiersmen had to go through to be in the Tournament of Roses parade. Jimmy Meyers, 8,~and Bruce, 5, both of Fresno, Calif. t were dressed in the manner of early American explorers. Both laughed as their mother applied make-up to the ga] members of the float cast. They quit laughing, abruptly, when Mrs. Meyers beckoned to them. For under the gaze of spectators they had to submit to — an application of lipstick. Are All Cold Remedies Alike? No! For example, 666 Is the wide- activity medicine, which combines 4 of the most effective, widely-prescribed drugs known, to relieve all cold miseries sooner. 666 ia more potent and gives positive, dramatic, rapid relief from miseries of oil kinds of colds. That'B why 666 13 unsurpassed in effectiveness. Try it. No other cold remedy can match 666 liquid or 666 Cold Tablets. 666 FIGURE CONTROL BEGINS ..: RY LOSING UGLY FAT TODAY! Amazing N«w Safe DiseOT«ry Maket REDUCING EASY FOR MEN and WOMEN Everybn* it talking about the new reducing sensation HUNGER TABLETS. Science' now help* yov takt off yoijr fat white you •at the food* you ehoose, HUNGER TABLETS make you lose ugly fat, pound* and inches of it, without dieting or hunger—and It will not affect the heart. Think of it! With HUNGER TABLETS you no longer count calories, you forget all about diets. Fat goes fast from all over the body! All you do is swallow two HUNGER TABLETS before each meal followed by a glass of water—and eat the rood* you like. And you < don't have to worry about HUNGER TABLETS—It « absolutely wfe -±-lt i* a food adjunet—not a drug. Nothing like It ever before. You get no "Reducing Plan" or "Reducing Menus* with HUNGER TABLETS. None are needed. • With HUNGER TABLETS you eat what you like—grow/ slim, more youthful looking, more active and «njoy better health. For * easy reducing get HUNGER TABLETS today. ' A sixteen day supply for less.' than 19c per day. HUNGER TABLETS are sold at all leading drug stores. MONEY BACK GUARANTEE. KIRBY DRUG STORES but only after an honor tribunal decides there is 'no other course possible, asconds for both men select an arbiter who makes the decision himself or calls in other judges to help. Batlle Berres Is recuperating from gastric disorders With which .psed during his visit to the United States last month. Scout Training Aid to Lad In Rescue Work ST. JOSEPH, Mo. (£>)—When four fellow skaters plunged through the ice on a farm pond yesterday, 11- year-old Sonny Golden knew what to do. He. obtained a rope and ladder from some men nearby and while adults watched from the sidelines, ran back sonto. the ice and helped the skaters out one by one. Highway patrolmen said - only someone as .light at 80-pound Sonny could have, 'ventured onto the thin ice. Said Sonny: "It was my Boy Scout training that did it." STUDENTS OF THREE GENERATIONS — Shown here are two families of three-generation graduates from Caruthersville High School. Prom 'the left, the first group consists of James W. Ber- , nard; his mother, Mrs. Walter Bernard; her mother, Mrs. James J. Long. The second group is made up of Joseph Muir; his mother, Mrs. Lenore Muir; her mother, Mrs. J. G. Crider. Mrs. Crider was a member.of the first graduating class of CHS in 1897. (Photo by Sanders) Boy's Target Backfires CORPUS CHRISTI, Tex. (/P) — Things backfired when 16-year-old David Hernandez stuck a .22 caliber bullet in a wall crack and fired at it with an air rifle. The bullet slug didn't cause any trouble but the shell blew backward, striking David in the head. The youth was back home yesterday after being treated for a head laceration. Kansas, famous for wheat pro. ducing, mines 1.350,000 tons of bituminous coal to a single year. Now Many Wear FALSE TEETH With Mor* Comfort PASTEETH, I ptauut (non-acid) powder, bolda ftlM tMth more firmly. To eat and talk 1n mor* comlort. Just cprinkte a HttW FAS- TEETH on your platet. No gummL gooey, pasty taste or feeling. ClMcka "plate odor" (denture breath). O«fc PASTEETH M any dnj* COUnMT. Most of U.S. Mild arid Clear By THE ASSOCIATED PRESS Generally clear and mild winter weather prevailed in most of the country today. Temperatures were above normal in all sections except the northern New England states, Which reported readings as low as 6 below zero in Caribou, Maine. Other parts of New England and the .Mid-Atlantic states, hit by cold weather yesterday, with below zero in some areas, reported a warming trend. Readings were in the 20s and low 30s this morning. It also was below freezing in sections from the upper Great Lakes region westward through the Da- gotas, the central and northern Rockies and into western Oregon and Washington. Light snow and rain fell during the night from the, upper Great Lakes region eastward through Michigan and into New York and Pennsylvania. Palls measured up to an inch in parts of western .New York. Washington is the smallest state west of Iowa. RUSTIC INN Pre-lnventory Clearance Sale Dollar Days Are Here Again V-i Pan Fried Spring Chicken............. .$1.00 Fried Exfra Select Oysters. .^.,.,.,01.1.,... .$1.00 Fried Jumbo Gulf Shrimp..,..,.,.,.,.,,,™. I . .$l.ftO Breaded Veal Cutlet .,.«.„.„,.,...„„...„.$1.00 Country fried Steak. . .->-:-.-.-.,«. OT ,-. .$1.00 French FrieB Potatoes and Green Vegetables served wtth the above. Frog Legs Flounder White River Catfish Choice Steaks Lobster Tails Lake Trout 4 Private Dining Rooms For Parties — Private Dining Room Service For Parties of 2 to 120 Persons. Dinners Can Be Attractively.Boxed To Take Out FLOYD A WHITE & SONS Tremendous savings in nationally advertised shoes for the entire family! All the Most Wanted Colors, Styles and Materials-For Dress or Casual Wear * By Paradise -- Naturalizer - Life Sf ride--He?dw-Paradise Kittens $9 99 Regularly Priced at $14.95 - - FOR MEN — — A SELECT GROUP OF FAMOUS Bostonians and Roblee Shoes for Nan $700 _ $OO _$1100 7 / Q / Values to $22.95 ~ Special Group of Roblee Jrs. for Boys ... $5 FOR CHILDREN Choose From Our Famous Selection Of Buster Brown Shoes for Children Regular to $7.95 Now is the time to dress the children up at these low, low prices! LIMITED HOSIERY SPECIAL Dovedown-60ga.-15den. 3 ™ *2 50 All Sales Final! e_ SONS SHOES You'll be sorry if you miss the 2 BIG RACKS in the rear of the store! Extra Special - Ladies'Shoes & Casuals--- ''1

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