Abilene Reporter-News du lieu suivant : Abilene, Texas • Page 46

'ASK MORE QUESTIONS 1 Bank Chief Hopes U.S. Trust Case to Teach Texans Lesson AUSTIN, Dec. 29 Iffl Bankil'? Commissioner J. M. Falkner Texans may learn an investment safety lesson from the U.S.

Frtist and Guaranty Co. receiver- ihip case. He told an interviewer the affair should teach them to look jeepev than advertised high interest raies when seeking to invest their savings. U. S.

Trust and Guaranty was not under supervision of the banking department. A bill to include such firms among those regulated by the Bonking Commission passsd the bouse during the last se.ssic.nj of the Legislature, but failed in senate commillee. 'Think' U. S. Trust and Guaranty was under Insurance Commission regu.

lallon. ''I'believe tho U. S. Trust case is going to make the public think and ask more questions in the future," Falkner said "It is unfortunate that many people don't ask questions before investing their money. They look at the interest rate and don't consider the safety factor." Falkner said the banking department had received many inquiries about U.

S. Trust but that it had not been able to make any official replies since such firms were not under its control. Inquiries of that nature, he said, are referred to the proper state agency. For Supervision There are plenty of competent sources to advise small investors Falkner said, Including bankers. Slate banks and savings and loan institutions are both under supervision of the banking department.

National banks are under federal supervision, and twice-yearfy examinations are made by both state and federal officials. "We get behind in our examinations because of.the work load sometimes, but not generally," Falkner said. Notaries Bonded By Waco Firm to File Hew Bonds Taylor County notary publics bonded by the U.S. Trust and Guaranty Co. of Waco have been without bonds since Dec.

22. County Clerk Mrs. Cheater Hutch- was notified Thursday morning by the receiver for the bankrupt insurance company that the bonds were cancelled as of Dec. 22. She was instructed to have notaries bonded by the firm file new bonds and oaths of office within 10 days.

Mrs, Hutclieson cautioned notaries bonded by the firm to not notarize any documents until posting a new bond and oath. They not lose their commissions if new bonds are posted within 10 days, A check of about one-half of the 1,600 bonds of notaries of Taylor County turned up only one from the Waco firm, Mrs. Hutcheson said Thursday afternoon. "One thing Is certain: when 'in; a bank Is Insolvent, we go off and leave it. We put it into liquidation or see that it is rehabilitated immediately." U.

S. Trust had advertised it paid 5 per cent on funds deposited with it. On savings accounts, most banks have been paying 2 per cenl and savings and loan agencies may pay from 2 to 4 per cent after a' reserves and expenses are provided for, Falkner said. Hecent raises from 1 to 2 per cent by banks on savings accounts are probably the result of coin petition and likely have no con nection with the U. S.

Trust case Falkner said. ihree Men Accused Of Evading Taxes AUSTIN, Dec. 29 W-Three Galveston men, Frank Maceo, Vic C. Maceo and Sam Serio, were charged today in federal district court here with income tax evasion. The charges allege the three men avoided payment of more than $70,000 in federal income tax (or 1949.

was identified before a 1951 House Crime Investigating Commillee as the chief accountanl tor the Maceo Syndicate, Frank Maceo was charged with reporting an income of $28,818 on which he paid taxes of $5,859 instead of an income of $116,273 with a tax bill of $56,317. Vic was charged with reporting an income of $27,099 and paying in taxes when he should have reported an income of $65,623 and taxes of $24,334. An income of $15,510 with taxes of $2,488 was reported by Serio for 1949 but the charge alleges he should have reported an income of $29,537 and paid $6,904 in taxes. Safely Campaign Due for Capital WASHINGTON, Dec. 29 "Aleohol and gasoline don't mix." Washington area residents will read and hear this timely warning over and over again this New Year weekend.

They'll read it in newspapers and on liquor store and tavorn cards They'll hear it over the air. It's all part of a -wncerted campaign by traffic an officials to reduce the number of accidenU that are involved in the welcoming of a new year. 10-B THE AFilLENE REPORTER-NEWS Abilene, Texas, Friday Morning, December 30, 195S Truck Kills Editor MEXICO CITY UPt-Olhon Roffiel, 37, news editor of Ultimas Noticias, died within an hour yesterday after being struck by the truck. Abdulah King Weds Again in Tangier TANGIEH W)-The American consulate said today that Sheppard King husband of Kgyp- bui belly danger Samia Gamal, had married Mona Johnson, 33. The consulate said that King, 30, scion of a wealthy Houston family, and Miss Johnson were yesterday.

King married Miss Gamal, his second wife, in Cairo in 1951 alter a headline romance, He was granted a divorce two years later after a series of well reported spats and reconciliations on both sides of Atlantic. Marathon Ended WYCKOFF, N. J. (3V-A mara thon Bible reading program--a Christmas gift by teen-aged mem bers of the Wyckoff Reformed Church--ended today after more than 73 hours. As the last of some 75 young sters finished reading the final chapter of the Book of Revelation at 12:14 a.m., the church bell rang 66 times, once for each book the Bible.

The reading started a 11 p.m. Christmas night. HAPPY NEW YEAR ASSURED IF YOUR SAVINGS GROW! AGENCY Cedar 2-2805 318 Restock Your Linen Closet at the Year's Savings! Two Locations Merchandise, Unless Otherwise Specified, Available at 4th Oak and Leggett Drive Ufica and Hope Brand Sheets and Cases Bleached Muslin Sheets Hope bleached muslins, 130 thread count. 72x108, regular $1.89 Ea. 81x108, regular Ea.

Fitted Twin Bottoms, reg. $2.49 $1.89 Ea. Fitted Double Bottoms, reg. $2.69 $1.98 Ea. 42 36 Pillow Cases, reg.

$1.19 89c Pr. Colored Muslin Sheets Utica colored muslins in yellow, blue, pink and green. 72 108, regular $2.95 $2.19 Ea. 81x108, regular $3.19 $2.39 Ea. Fitted Twin Bottoms, reg.

$2.95 $2.19 Ea. Double Fitted Bottoms, reg. $3.19 $2.39 Ea. 42x36 Pillow Cases, reg. $1.29 $1.09" Pr.

Quilted Mattress Pads These have bleached cotton felt filling, three- quarter inch zig zag quilting. Twin Bed Size, 39x76, reg. $3.69 $2.79 Double Bed Size, 54x76, reg. $4.79 $3.79 Extra Large, 60x76, reg. $5.49 $4.39 Martex Towels Lush, absorbent terry towels with dacron selvages.

Solid colors of blush pink, sunflower yellow, aqua mist, pink, mint green, brown, charcoal and white. 99" 29' Utica White Percales Bleached, soft, silky 180 threads to the inch. 72x108, reg. $2.98 $2.19 Ea. 81x108, reg.

$3.39 $2.59 Ea. Fitted Twin Bottoms, reg. $2.98 $2.19 Ea. Double Fitted Bottoms, reg. $3.39 $3.59 Ea.

Pillow Cases, reg. $1.59 $1.29 Pr. Utica Colored Percales Superb percale sheets in pink, blue, yellow and green. 72x108, reg. $3.39 $2,59 Ea.

81x108, reg. $3.79 $2.89 Ea. Fitted Twin Bottoms, reg. $3.39... $2.59 Ea.

Fitted Double Bottoms, reg. 33.79. $2.89 Ea. 42x36 Pillow Cases, reg. $1.79 $1.49 Pr.

St. Mary's Wool Blankets The "Southwind" is made from fine grade virgin wool, pre-shrunk, has attractive 6-inch satin binding, comes in six beautiful colors. ST) 88 Twin Bed Size, 65x90, reg. $10.85 I Z.OO $1 A 88 Double bed size, 80x00, reg. 14.00 St.

Mary's "Fanfare" superb quality all wool blanket with bias striped acetate binding. Bath Towels, 24x44, reg. $1,29. Face Towels, 16x28, reg. Wash Cloths, 13x13, Twin bed size, reg.

$18.95 Double bed size, reg. f20.95. 14.98 15.98 Kendall Dish Towels Do your dishes in half the time with Kendall dish towels. They're lintless, absorbent and easy to use. White with red, yellow, re or blue stripe borders.

Jumbo size 20x36. City Within I 4th Oak Leggett Drive in Elmwood West Reg. 59c. Ji'm 1.59 BOOKS CLOSED! Charge Purchases Payable February 10th.