The Aspermont Star (Aspermont, Tex.), Vol. 63, No. 34, Ed. 1 Thursday, April 27, 1961 Page: 4 of 6
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Published every Thursday morning at the Star office in
Aspermont, Texas. Entered as second class matter at the
Post Office at Aspermont, Texas, under the Act of Congress,
Much 3, 18T .
4VWELL C. WELCH Editor and Publisher
' YEARLY SUBSCRIPTION RATES (in advance)
University here in Abilene) has i FACT AND OPINION
Jtonet^U and Adjoining; Counties $3.00
CSsewhete in the United States $3.50
Advertising Slates Upon Request
Aqw erroneous reflection on the character,^ reputation o
standing af any person, firm or corporation which may appear
to The Aspermont Star will be gladly corrected if brought to
the attention of the editor. —-
"ER I960
StANttANDiiB P8ESS ASSN.
I960
TEXAS PRESS ASSOCIATION
Comment...
TKXANS SAVE $38 MILLION
UTASE IN ONE PENNY
(An Editorial)
A $38-million decision for or
against Texas motorists will be
tnade in Congress between now
and midnight, June 30.
A number of Texas Congress-
men have been frank to say they
-will stick by the promise Con-
gress made two years ago when
it raised the federal gasoline tax
from three cents a gallon to four
cents—a $38-million-a-year in-
crease on Texas gasoline users.
The promise: To cut the tax back
to three cents June 30, 1961.
This promise can be carried
out without slowing down the
big federal highway construction
program. All Congress has to
do is insist that some $800 mil-
lion a year in various automo-
tive taxes—paid by the same
taxpayer
taxes—be spent on highways
mental purposes. The present
law provides for this, to replace
the expiring one-cent a gallon
federal gasoline tax.
But Congress is under pressure
from the Administration to con
tinue the "temporary" gasoline
tax, so other highway-user taxes
can be spent elsewhere in the
federal budget.
Texans have seen their gaso-
line taxes increase 63 per cent
in the past decade. It's time
to call a halt to this undue im-
position on one of the necessities
of modern life—transporation.
CHANGE AT BAYLOR
(Abilene Reporter-News)
A change Tuesday in the ad-
ministration of 115-year-old Bay-
lor University will be of in-
terest to Baylor exes hereabouts
_^a ^ and to thousands of other West
who" p"a y s " gasoline I Texans as well^^ (fonnerly
spent on highways) Dr. w. • summons
rather than for general govern- president o
as •
been named to the new post off
chancellor of Baylor, relinquish-
ing the presidency he has held
tor 13 years.
Abner V. McCall, former law
professor, former dean of the
Baylor law school and for the
last two years executive vice
president of Baylor, is the new
president.
McCall, now President McCall,
is a 44-year-old native of Jack
County who was reared in Ma-
sonic Home at Fort Worth, re-
ceived his bachelor of law de-
gree at Baylor and his master of
laws at the University of Mich-
igan. ___
He put in a stint as an FBI
agent, served by appointment as
associate justice of the Texas
Supreme Court and, all-in-all.
has been a leading Texas citizen.
He has served as an unofficial
"consultant" and leader in var-
ious fine reform movements, in-
cluding the efforts to clamp
down on "loan sharks" in Texas.
He has been a frequent Abilene
visitor, speaking here to several
civic and professional gather-
ings.
Dr. White will continue on a
two-year appointment as chan-
cellor. His primary duties will
be the securing of endowment
and other funds.
The Baylor change has been
some two years in the making.
It has been known that Dr.
White would become chancellor.
The choice of the president was
Helayed. Now the decision has
been made and it appears to be
a good one.
CHARTER NO. 5786 RESERVE DISTRICT NO. 11
REPORT OF THE CONDITION OF
THE FIRST NATIONAL BANK
o( Aspermont, In the State of Texas, at the cSo^ of bl^n^
on April 12. 1 «1. published in response to ca 1 made by
Comptroller of the Currency, under Section 5-11. U. S. Re
vised Statutes.
ASSETS
Cash, balances with other banks, and
cash items In process of collection
United States Government obligations,
direct and guaranteed
Obligations of States and political subdivisions
Other bonds, notes, and debentures (includ-
ing $500,000.00 securities of Federal agen-
cies arid corporations not guaranteed by
U. S.)
Co morale stocks {including $7,500.00
Federil Reserve bank)
Loans and discounts
Bank premises owned $15,000.00. furniture
and fixtures $6,95! 00
Other assets
TOTAL ASSETS
slock of
$ 642,018.15
1.028,400.00
223.066.00
500,000.00
7,500.00
1,833,395.82
21,951.00
1*576.22
$4,257,907.19
$3,066,719.85
26,483 78
785.110.15
20,670.49
26,463.85
$3,925,448.12
$ 50.000.00
200.000.00
82,459.07
$ 332.459.07
$4,257,907.19
$ 969.000.00
liabilities
Demand deposits of individuals, paitner-
shios, and corporations
Deposits of United States Government
(including postal savings)
Deposits of States and political subdivisions
Certified and officers' checks, etc.
TOTAL DEPOSITS $3,898,984.27
Total demand deposits 3,847,484 27
Total time and savings
deposit?. 31,500.00
Other liabilities
TOTAL LIABILITIES
CAPITAL ACCOUNTS
Capital stock (Common, stock, $50,000.00 s
Surplus
Undivided profits
TOTAL CAPITAL ACCOUNTS
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
MEMORANDA
Assets pledged or assigned to secure lia-
bilities and for other purposes
Loans as shown above are after deductions
of reserves of 34,890.00
Loans to farmers directly guaranteed and
redeemable on demand by the Com-
modity Credit Corporation, and certifi-
cates of interest representing owner-
ship thereof 11,820.53
Guaranteed portions of Regulation V loans
and other loans guaranteed by the Fed-
eral Reserve banks or agencies of the
United States Govt. 100,18299
Total amount of loans, certificates of in-
terest and obligations, or portions there-
of (listed above), which are fully back-
ed or insured by agencies of the U. S
Govt., (other than "U S Govt, obliga-
tions, direct and guaranteed") $ 112.003.52
T, Ralph Riddel, cashier of the above-named bank, do
hereby declare that this report of condition is true and cor-
rect to the best of my knowledge and belief.
RALPH RIDDEL
We, the undesigned directors, attest the correctness of
this report of condition, and declare that it has been exam-
ined by us and to the best of our knowledge and belief
is true and correct.
W. A. SPRINGER
H. G FLOWERS
ROY RIDDEL
Directors
(Industrial News Review)
President Kennedy states high
policy; 'The primary purpose
of our arms is peace, not war—
to make certain that they will
never have to be used; to deter
all wars, general or limited,
nuclear or conventional, large
or small; to convince all poten-
tial aggressors that any attack
would be futile; Lo provide back-
ing for future diplomatic settle-
ment of disputes; to insure the
adequacy of our bargaining
power for an end to the arms
race; diplomacy and defense
are on longer distinct alterna-
tives, one to be used where the
other fails—both must comple-
ment each other."
The current volume of mail
runs to 65,000,000,000 pieces a
year. In the next half century,
says Postmaster General Day, it
can be expected to double, cre-
ating "fantastic" mechanical
problems in moving and de-
livering it. He invites the na-
tion's industrial engineering and
research talent to join with
government in solving
problems.
According t7~President Keith
Funston of the New York Stock
Exchange, the Exchange Com-
munity has just experienced the
busiest first quarter in its low
year history. Also, some 15,-
000,000 individuals now ow
shares in publicly-owned cor-
porations as against 6,500,000
only nine years ago. The num-
IT'S THE LAW
(EDITOR'S NOTE: This legal
newsfeature is prepared under
the supervision of the State
Bar of Texas, and distributed
as a public service by the
lawyers of Texas. Every ef-
fort is made to insure that it
reflects an accurate interpre-
tation of the law as applicable
to the stated facts.)
THE ASPERMONT STAR. ASPERMONT, TEXAS
THURSDAY, APRIL 21, 1961 PAGE FOUR
THE ASl'ERMOMx STi
PAGE FIVE
ABSTRACTS
While driving around a lake,
John and Mary saw a "For
Sale" sign on a piece of lake
property which they thought i
they could afford to buy.
They made Inquiry of the
owner and agreed on a price.
They inquired about title and
the owner assured them that he
would give them an "abstract."
They took the abstract, which
was1 fat book of papers, and the
deed, filed the deed at the court-
house and thought no more
about it, assuming, aa many
people do, that an "abstract" is
an assurance of good title.
Some years later they want to
sell to a buyer who was better
informed. He insisted that either
the abstract be examined and an
opinion given by an attorney
that the title was good, or that
ber of shares listed on the Ex-
change has more than doubled
in the past six years for a total
of 6,500,000,000.
the sellers must provide title
insurance. When they sought an
opinion as to whether the ab-
stract showed good title, they
were dismayed to find that the
title was not in good order, and
that there would have to be a
quiet-title lawsuit to dispose of
some flaws in the title before
buyer would accept it. Neither
would a itle insurance company
write a policy of insurance for
them without legal action to
clear up the title.
John and Mary were astound-
ed to learn that they were wrong
in assuming that an "abstract"
wes an assurance of good title.
An abstract is. merely a record
of every document which has
ever been filed of record at the
courthouse affecting the title to
a particular piece of property
It may show good title or bad
title, or no title at all. It is only
a bundle of papers, as John and
Mary discovered, which sum-
marizes the state of the title. Its
possession does not in any way
assure good title.
Thus while on* may be able
to get possession and peacefully
occupy a property with an un-
salable title, difficulties will
arise when the property is to
be sold or mortgaged. To do so
is only to postpone and perhaps
increase the trouble and ex-
pense of clearing the title, It
makes good sense to correct any
title defects when you buy a
property.
(This newsteature. prepared
by the State Bar of Texas, is
written to inform—net ta ad-
vise. No person should ever
apply, or interpret. any law
without the aid of an attorney
who is fully advised- concern-
ing the tacts involved, be-
cause a slight variance in facts
may change the application ol
the law.)
GOOD
Try Our Delicious Home-made Pies
FR AZIER'S CAFE
GEORGE FRAZ1ER. Proprietor
From the Illinois Medical
Journal: "It is a strange para-
dox that the American people
are intensely interested in their
health, yet they spend more
money on smoking and drinking
($16.6 billion) than on drugs,
hospitals, and physicians com-
bined (15.4 billion)—according
to the U. S. Department of
Commerce. In addition, ihey
complain about the cost of
medical care but are willing,
if not anxious, to spend com-
parable amounts on their so-
cially pleasant poisons—tobacco
and alcohol."
!■■< ■ ■ "
r Use 'thff Classifieds. -
AS YOU DO A DOCTOR !
YOUR DOCTOR AND YOUR PHARMACIST ARE A
TEAM . . . THEY KEEP EACH OTHER INFORMED OF
THE LATEST DEVELOPMENTS IN MEDICINES; WORK
TO KEEP YOU WELL.
WHETHER YOU NEED A BOTTLE OF RUBBING AL-
COHOL OR WANT A PRESCRIPTION FILLED . . . SEE US
FOR INFORMED, PROMPT, DEPENDABLE SERVICE
ALWAYS!
We Give S&H Green Stamps 1
KENADY DRUG
Aspermont, Texas
DON'T WIND UP
BEHIND THE
"EIGHT-BALL"'
COME IN TODAY AND DIS-
CUSS YOUR INSURANCE
NEEDS WITH US
WE WRITE—
* FIRE * LIFE
* ACCIDENT-SICKNESS
AUTO
AND MANY OTHERS.
DO BUSINESS WITH YOUR LOCAL AGENTS —
RALPH RIDDEL
YOUR INSURANCE AGENCY"
FIRST NATIONAL BANK ASPERMONT
STANDARD
LIVEST(
PE^OCK
M. F. CHILDRESS
MRMBOBdnt
'ell we are needing rain. F
wind to quit blowing is t!
est need for now.
Get in on Chevy&
brand of savings
atyour Chevy dealer^
TRUCK ROUNDUP
OCALS
Friends of George W. Ree
>r., of Haskell, will be sorry
learn that he has a throat a
ment He has returned frc
Houston, where he had been
see a doctor. He returned hor
the 13th and will have to
back May the 7th for a check-i
We wish for him a speedy i
covery.
Mrs. Bill Myers of Jayt
came Friday and got her moth
Mrs. Julia Lawerence, and to
her home with her for a wee
end visit. Sunday, Mr. and M
Bill Myers of Girard came a
were visitors in the home of J
and Mrs. Jack Myers.
J. B. Martin of Levelland vis
ed his parents, Mr. and Mrs.
F. Childress, over the week-ei
NOW'S THE TU
GRADU/
• Pinehurst Line
© Hones Hoste
• Gloves - Si
• and mc
| - i ;
Come in TODjA
IN LOVING MEMORIAM
Regardless of price, every
memorial service held here
is complete in all respects.
We take pride in conduct-
ing a service that will be re-
membered with apprecia-
tion by the family and
friends.
YOUNG
FUNERAL HOME
• Aspermont •
Western star Roy Rogers
spreads the good word for
your local dealer! "Right
now he's making it easier
than ever to own America's
easiest riding truck. That's
Chevy —the truck that
saves you plenty with its
special brand of Independ"
ent Front Suspension."
Just pick the model that fits your job and you can
be sure you're putting your truck dollars where
they'll do the most good. You'll get a super-
efficient power to capacity ratio, a truck thats
Sturdi-Bilt clear through, a king-size cab to keep
your driver happy. And savings that just naturally
go along with Chevrolet's I.F.S. ride.
You save on maintenance costs. I.F.S. lengthens
truck life and protects cargoes by soaking up as
much as 78% of all objectionable road shock and
vibration. Your truck keeps working for extra
thousands of miles! How in the world can you go
^wrong! Especially now—during truck roundup time!
THE API
Mrs. Ec
Chevy's hefty Jobmaster 6, standi
ard in Series 60 middleweight*,*
is known far and wide for JtVi
fuel-saving performance.
FOR MOTHER'S
a n d G R i
'V
/ " /
/ /
h
!;
:t's Light.,
Sam
Sta
CHEVROLET HS_ TRUCKS
Cbcvy's famous Thriftmaster 6 doe3 the
saving in this Fleetside model. It's the most
highly respected truck 6 ever put under a
hood. It's best known for economy and
dependability—for pulling more loads over
the years than any other truck engine. The
135-horsepower 235-cu.-in. Thriftmaater'a
standard in all Chevy pickups. -
I
See your local authorized Chevrolet dealer
MASON'S CHEVROLET CO.
PHONE 3661 ASPERMONT, TEXAS
and prices t
Triple-tomlruclion Streaml
vinyl covering liket rougl
Roomy inter ion Slurdy
Made to last—in Ihect
iocs out of tivle. Matching color
VISIT I
LAM
PHONE 2631
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Welch, Lowell C. The Aspermont Star (Aspermont, Tex.), Vol. 63, No. 34, Ed. 1 Thursday, April 27, 1961, newspaper, April 27, 1961; Aspermont, Texas. (https://texashistory.unt.edu/ark:/67531/metapth127632/m1/4/: accessed May 22, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Stonewall County Library.