Lubbock Morning Avalanche from Lubbock, Texas on March 13, 1942 · Page 9
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March 13, 1942

Lubbock Morning Avalanche from Lubbock, Texas · Page 9

Lubbock, Texas
Issue Date:
Friday, March 13, 1942
Page 9
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Page 9 article text (OCR)

jngHTEEN—THE MORNING AVALANCHE lubbock, Texas, Fridoy, March 13, 1942 - - . ' '"•""' --r^r-— -j_.i •^'•, •^^•***"*f»»g«"'*MaBiMB»»pM M ^^ M ^. |LI|lu __ jj_.Mrkj»u- - — — — ^-- r ^ ^xmwj-f « { f MU y / * rftUft, fl I W/ I 7*4 A. ' |«v* f Ji «t Jl«% »• nitt A. *^f C '"• -a j~^ -| _^ " ^— —* -^-.^•- wral 4343 For The AvolcmcF elson Orde^^nversion Of Three Industries To Manufacture Of War Did Chanae !s P^Wf'Wp 1 ^—— — : For The Avofanche.Journol Offices 9 Rapid Change To Be Effected (By The United Press) WASHINGTON-, March 12—J?ro- .duction Chief Donald M. Nelson today ordered conversion of three industries — washing machine, typewriter ar.d vacuum Meaner— as soon as possible to the manufacture of war goods for the United Nations. Nelson was understood to have taken a hand in disputes among his subordinates over those industries when differences arose over how soon they should be converted to all-out war time production. Regarding the washing machine industry, a high official ruled that the larger concerns should convert by April 15. The smaller plants, only a few of which have war contracts or share in subcontracts now, will be given until June 1 to obtain contracts which will absorb their capacity in the war effort. Moforisls In Area Given Certificates Certificates of merit have been issued by the Texas Department of Public Safety and mailed to Clifford Chester of Lubbock, Alton M. Hamilton and George Henrj Sagiling, both of PJainview, and Alvin Webb of Amarillo. Letters from Homer Garrison, jr., director of the department explained that Webb and Chester has rendered "invaluable as«ist- ance" to Patrolman T. C. Laws at •the scene of an accident near Brownfield Dec. 13. They put out flares and thereby prevented another serious accident, Garrison had been informed by Capt. W. W. Legge of the state highway r>a- trol in Lubbock. Hamilton was cited for having driven a car 17 years and 560,000 miles without a "chargeable" accident, Sagiling 250,000 miles in 25 years "without an accident." "While it is our duty to file complaints against the citizen who violates traffic laws, it is our pleasure to commend the sportsmanlike person who drives" with skill and caution," Garrison told each man. Time KlJJm* HEADACHST ^a> JT>»—\_ ^vj-.^vs-fri^^' Eases the Pain Soothes the Nerves , Headaches, and nerves upset ay minor pains, usuall~ respond promptly to the quick-acting effectiveness of "BC". Also relieves neuralgia and muscular aches. Use only as directed. Consult a physician -when pains persist. lOc & 25c sizes. Little Borrowing To Pay Income Taxes Is .. R. C. HANKINS Avalanche Staff Writer Less than a dozen persons are known to have borrowed money from Lubbock banks for purpose of paying income taxes this vear. Authority; the bankers themselves. Public reaction to the expected problem of meeting taxes that cost many persons as much as four times what they paid in income levies to the government three or four years ago was a distinct surprise to those who had not studied the deeply underlying economic conditions of the South Plains. Had Expected Loans Even, the bankers, or some of them, had said at the beginning of last faU they expected heavy loan business that could be traced to unpreparedness for payment of income taxes. "The bank examiners told us we might expect a lot of such sorrowing," one banker said, "but look what has happened: three persons borrowed from one bank three from another and, I believe' lour here—to pay income taxes" "The check should be pretty accurate," said Anthony H. Woodward, assistant cashier at Lubbock National bank. "Everybody was talking about income taxes fSH — 1 _ - V1J..(_J, and one would have to pay inem without usual. borrowed „ i , tlj lllcui wiinom mentioning the matter, naturally feeling more justification for ask- ng for such a loan, under'present conditions, than for one to be """" 10. almost any other way." Sound Economics less. reaction was almos ,- e Plains economically sound n structure were cited by John VI. penman, assistant cashier of .irst National bank, as contribu- f the pretty good wettv rf and prices pretty good. Farmers also sold their equities in the cotton loan ior a profit. More farmers fed out small bunches of c™ es and cows for the market. The pro usual years, and he spent DIAMOND BRIDAL immediate upon wage-earners anc professional classes/' Denman said. Another element was suggested by Denman as having precluded necessity for borrowing to pay taxes. "Quite a percentage of persons elected to pay their income taxes quarterly, which lessened the immediate load," he said. Made Preparations "I'd say in a nutshell that the South Plains public saw what was ahead and simply prepared for it.' George E. Benson, vice president of Citizens National bank and president of the First Federal Savings and Loan association of Lubbock, suggested the public's preparation for instant assumption of the income tax impost even hints of hoarding, to some extent—especially when reports come in of persons of low income peeling off greenbacks from thick rolls and subscribing to the county's quota of defense savings stamps and bonds. ."Right now this country has in •"""•'•'*—i more than 11 billions 11 ,_- m curren ,cy. When you recall that at the height of the inflationary boom in 1929 there was only something over six billions in circulation, you begin to get the picture. Illogical To Hoard "It is illogical, of course, to O~— ~*f *'*• %-VJ L*A J tij HJ hoard government obligations, which, good as they are, bring in no interest when idle. If the greenbacks were invested in savings stamps and bonds the possibilities would have at least a three-fold advantage denied to hoarding: The government would FHA nEFEXSS nonsrs-G PLAN ATTENTION FARMERS Fanners may now use an FHA INSURED MORTGAGE to build or repair HOUSES, BARKS. SHEDS, POULTRY HOUSES, SILOS and other farm structures. Farm Land can be bought or refinanced on this plan, also. Payments are made semiannually or annually . . . this loan may be repaid over a period of 20 years or in some cases 25 years Provide your family wilh a modern attractive home -wiihoul wailing year* to accumulate Ihe cash. FOR FULL DETAILS SEE have the money without having to increase too appreciably income tax payments for financing of the war effort; the individual would be creating an investment against the time when purchasing goods now being limited in amount would put in reappearance after uhe emergency, and, granting mere is a constant urge to buy goods and commodities when money figuratively burns in the pocket the hoarded money, if put to work, would be one of the strongest bulwarks against inflationary drift." Benson emphacized his suggestion by pointing to the 1942 dollar as based on last year's tax renditions of real, personal and mixed property: "Twenty-one per cent of the dollar is expected to go for investment in insurance, savings accounts, payment on investment equities and taxes. Sixty-four per cent probably will be spent for living expenses and for purchasable goods like tractors and watches, clothing and non-frozen household appliances. That would leave the average member of the public holding 15 cents of his 1942 dollar. $115 Left Over "What will he do with that 15 cents? There is the basis for the problem that more and more dur- : ! mg the emergency may hike income taxes or, in the alternate cause government-dictated, or enforced, savings. "It is estimated that the public individual will have $115 left over above his investments and living expenses and luxuries payments. If purchasable goods are produced so' that they are worth only 64 cents of the 1942 dollar—being cut down so that the country's industries can turn out guns and tanks and planes and tankers and bombers and the like—it is up to the individual to pay only those 64 cents, not more. If the public begins to compete among itself for the available goods, using its extra 15 cents of the 1942 dollar to do so, it is apparent that those who sell will deliver goods to those who bid highest—and there you have your inflation." Stimulates Patriotism The government, the bankers agree, would not have found it necessary to float its defense savings stamps and bonds obligations upon the public. Banks and insurance firms could finance vast sums for the prosecution of the war, but this type of financing is highly inflationary. The purpose in offering the bonds to the public was to stimulate the sense of unity the country feels in helping the government provide for the safety of the integral whole; to suggest savin through investment and, a strong ly considered purpose, to kee down inflation by the most power ful purpose, to .keep down infla Farm Bureau Session Will Held Here Saturday al hlindror? -f-i *»»•*» *-.- AU j \ *^ Several hundred farm men and* women from over the South Plains will be in Lubbock Saturday for an all-day meeting of district 2 of the Texas Farm Bureau federation, at Lubbock hotel, R L Hooten, county chairman, announced Thursday, W. R. Ti.lson of Brownfield, din- Inct president, is to preside. J. Walter Hammond o£ Tye, state president and R. G. Arnold, dircf- tor of organization of the American Farm Bureau federation, are expected to be the principal speak- GTS* District Has 19 Counties _ The meeting is the last of a series of 17 held over the state, sponsored by Texas Farm Bureau. Nineteen counties comprise the district, with a membership of ap- tion by the most powerful means at: disposal—cutting down competition of purchase power. Denman said -few orders had been received for tax savings notes offered by the Treasury to make it easier for taxpayers to plan ahead for payment of income taxes. r The public found other methods of preparing for the middle of March date confronting it, ways it understood better. Instances were upturned to indicate buyers of defense savings bonds also bought large numbers of stamps, thus keeping their investments fluid to some extent so that the taxes could be paid the more easily just in case. One Way Or Another As a matter of fact, the most peculiar thing I have noticed is not the fewness of persons having to borrow to pay income taxes, but the growing numbers of persons who borrow to buy defense savings stamps and bonds," Woodward said. "They will pay 3 per cent interest for money, then go straight to the counter that sells stamps and bonds that bring in a much lower rate of interest. "They use their paycheck to defray their living expenses, and borrow money to subscribe government obligations. "They tell me they mean - to buy government bonds—one way or another. They say they don't J. WALTER HAMMOND proximately 1,500. Lubbock county has one of the largest groups, wiih Terry and Lynn counties following close. "Purpose of this meeting is to study the effect war may have on farm welfare, the responsibility of farm people during the war and to be ready for readjustments MORE RETURNS FILED AUSTIN, March 12. (O>)~ Some 83,000 individual income tax returns have been filed to date at the Austin internal revenue department compared with 32,000 to the same date Jast year. which will follow this terrible conflict," Hooten explained. "All farmers will remember what happened to our farm markets after the other war. "Muit Pull Together" "I speak for all members of the Farm Bureau Federation in this county when I say that farmers face only the darkest days of after this world revolution, unless thi;y pull together for their just rights. A few of us can't get the ' job done, but our strength, added tt 600,000 farm families already in the farm bureau, will help. Farmers have always done their part in any struggle and we will go all-out to win this war in everv' manner possible. All we expect is fair prices and other equalities." Besides Hammond and Arnold" a number of other state farm leaders are expected. Topics to be discussed are: price control and its effect on the farmer; gaining appropriations for gov- eminent loans on cotton, wheat, peanuts and rice; extending parity prices to other farm products; protecting our farm price program and other service and the means of preventing a collapse of farm prices after the war. '^••^^••••^••M^M^MMMMg^^lg^^ Lubbock General Hospital Clinic Formerly Lubbock Sanitarium Clinic GENERAL SURGERY J. T. Krueger. M. D., F. A. C S J. H. Stiles. M.D., F.A.C'.S. (Ortho) H. E. Mast, M. D. <Uroi<w EYE, EAR, NOSE & THROAT J. T. Hutchinson, M. D. Ben B. Hutchinson, M D • E. M. Blake, M. D. (Allergy) INFANTS AND CHILDREN M. C. Overton, M. D. Arthur Jenkins, M. D INTERNAL MEDICINE W. H. Gordon, M. D. * R. H. McCarty, M. D. ic»rdioio?7) • In tT. s. Army Service. GENERAi, MEDICINE J. P. Lattimore, M. D. H. C. Maxwell, M. D. G. S. Smith. M. D. W. A. Reser, M. D. J. D. Donaldson, M. D. W. F. Birdsong, M. D. OBSTETRICS O. R. Hand. M. D. X-RAY AND LABORATORY James D. Wilson, M. D. RESIDENT PHYSICIAN Wayne Keeser, M. D. J. H. Felion, Business Manager Clifford E. Hunt, Superintendent DAV A P Ml HOLOG1CAL LABORATORY -RAY AND RADIUM, SCHOOL OF NURSING feel right unless they do." . Delivery Hours 8:30 A. M., 10A.M.. 3 P. M., 5 P. M. HURRY! OEI-LoveiY CHIHA { AT AMAZINGBARGAIN!) NOW AT YOUR GROCER'S f China Here's your chance to get in on * •wonderful doable bargain of healthful bcnrfits for yoor firmly—plus » m *rt, colorful, high quality chin*, made by one of America'! great manufacturers! Ask your grocer for Mother'* Oati with . today! Remember, it's naturally tr!pl,~ rich m the great "anti-/atigue"vitimin Bi*! It'i rtch in Phosphorus, for strong bones, teeth! la Iron, for rich, red blood! Remember, too that oatmeal leads *// oif, er whole-grain cereals ia Protein., for firu flesh, jtrong muscles! Get these crtr* healthful raluej of America'. 5 Breakfast Food—and thrill to the colorful lo quality china included j Del Monte COFFEE Wheat Toast WAFERS, Browns 1-Ib box BUILDERS LOME 1306 4th St. Phone 7453 FROZEN FRESH FRUITS 4 VEGETABLES Strawberries, sliced, 1 Lb. Pkg. : 27c Had Raspberries, 10 O*. Pkg. 27c Baby Graen Lima' Beans, 12 Oz. Pkg. 2 7 C Cut Corn, 12 Oz. Pkg 23c GRAPEFRUIT Lettuce 4' Texas _ -j Seedless, Each Z*2~C Head Lemons Large Dozen RINSO LARGE -. BOX 22C CLOROX Pint - — -i Bottle IZ'2'C NATIONAL 3-MSNUTE OATS KCH (M IHfAMIM (VITAMIN »,) OLD ORIGINAL CATSUP CATSUP 14 oz. Bottle __ Oranges California Navel, Blue Goose, doz. CABBAGE, Pound - 2?/ 2 c FOOD PINEAPPLE CHUNKLETS No. 211 Can 2 For APRICOTS, Whol9 No. 2W Can 23c BLUEBERRIES ,.No. 2 Can 21C PEACHES, Melba Halves Del Monie, No. 2!a Can GREEN ASPARAGUS <*_ Whiie Swan, No. 300 Can 2/C SPINACH, Faultless, No. 2 Can ------- 2 For DICED CARROTS -- Whiie Swan, No 2 Can llC GREEN BEANS, Cut, Pecan Valley, __ No. 2 Can ________ 2 For 2>C Swift's BropkHeld, Pound 57c FRESH LIMA BEANS Mission, No. 2 Can PEAS &- CARROTS -White Swan, No. 2 Can 1/C TINY TOT PEAS —-. White Swan, No. 2 Can 22C COUNTRY GENTLEMAN CORN, Del Monie No. 2 Can SPAGHETTI SAUCE 9 oz. Botlle RIPE OLIVES, Large -or. Can 2/C , Whiie Swan, 9 BREAD & BUTTER 4-, PICKLES, 15 02. Jar __ 1/C COOKIES, Assorted ~ n Supreme, 1 Lb. Box ___ 2yC [ii?acle Whip Salad Dressing, Quart 25c JOLLY TIME POP CORN _. CALUMET BAKING - ft POWDER, 1 Lb. Can __ ISC COMET RICE «2 Lb. Box _________ 25C MOTHER'S OATS Large Box CHEERIOATS «Large Box 2 For 2/C reaa Peas, 3 Cans . . 25c SLICED BACON Rash's Black Hawk, Lb. _ FRANKS, Pure Meat ~ «• Large, Lb. _ 2jC CHEESE ~ ~ ~ " ^ Full Cream. Lb. .. ..._• 25C Fresh Fish, Oyslers, Fresh Shrimp POUND LAMBCHOPS, POUND CLA B DIAL 4671 Grocery / AVE. V & 15TH ST.

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