Denton Record-Chronicle (Denton, Tex.), Vol. 53, No. 174, Ed. 1 Wednesday, February 22, 1956 Page: 1 of 12
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ir
WEATHER
CLODY, WARMER
........ _
State Acts
Historic Fourth
Ter
AUSTIN (AP—The Insur-
as a corporate entity, not who the
have the 300 policyholders required
for
CLOSE SHAVE
.J
A fireman and three volunteers crouch low to avoid
Daniel in a longdistance tele-
last
the
—
form
President
Eisenhow
vetoed
'arro-
CITY FIRE INSU
EVENTS
I
RATE CREDIT 10 CENTS
a special eight-
1 investigating
Boost Of Air
‘s
Chairman
(D-Ga) of the
George (D-Ga
e PROBERS,
Page 2
GOP Seeks Early
Vote On-Far
A v ■ * ■■ Pd
BiU
Force chief of staff, bo-
inf.
Lewisville C-C
yesterday to plead for the Adminis-
Elects* Officers
Special to the Record-Chronicle
LEWISVILLE
Tommy W.
Ward
il
: The
NO INSURANCE COVERAGE
FARM FOOLOSOPHY
WEATHER
/
4
)
Whether
Mr. and Mrs. Carl Oleen had
are a farmer
%
J
N
Post Filled
ture • begins today (Page 9),
“Isn't that the farm you sold for $3,000?"
V
9
$
G
I
H
H
I
n
Bank Shortage Wipes Out
Many Depositors’ Savings
FUNDS ALL GONE,
BOMB STAYS PUT
Mediators Seek
End Of Strike
all
list
Against Two
More Firms
Insurance Auto
Auction Is Set
WEATHER BALLOON
NEARING AFRICAN
Army Unveils
New Missile
political contribution to re-
an to the national Citizens
6 AIRMEN DIE IN
" FLORIDA CRASHES
of this community’s 300 residents
with loss of their life savings.
G. W. Lindley, assistant state
bank examiner, said there was
little hope the Smolan State Bank
would reopen It has less than
$370,000 deposits and is not cov-
ered by federal deposit insurance.
He said the bank suffered an
undetermined loss because of the
his
don
-
■■
NEW FEATURE
STARTS ON
FARM PAGE
and a
photo)
Lindley said Holmquist orally
admitted to an examiner that he
falsified bank records.
ceive an additional five
credit but several heavy
on some farm issues.
Two other items hsd
on the Senate calendar
WEST PALM BEACH, Fla. I—
Six men were killed late yester-
day in two crashes of military
planes in south Florida.
Five died when their Boeing
KC97 Stratofreighter of the 1740th
Air Transport Squadron crashed
and burned at the Palm Beach
Air Force Base. A Marine Corps
pilot was killed when his Douglas
Skyraider fell 100 yards from the
end of a 1 runway at the Marine
Corps Air Station at Opa-Locka,
near Miami.
Dallas And San Antonio
Insurance Offices Probed
present management is.”
Regardless of efforts of new
management to rejuvenate the
firm, he said it was uncontested
American Home Mutual did not
HOUSTON. Fb. 13 •—A four-
foot long python has been stolen
from the Houston zoo.
“The lock on the cage was brok-
en and the snake removed," Bob
Dooley of the reptile house said.
The pythdn is not poisonous, but
it has teeth which caa bite like a
es at the end of the year evident-
ly hurt us," Fire Chief Tom Rob-
menm main
40S0n MUQ.
Denton’s recent fire record cre-
dits have been: 15 per cent in ‘47
and ’48; 5 per cent in ‘51, ’42,
and ’53; and 10 per cent in 1955.
The new ratings determine if
Aril 1. They determine whether
fire insurance rates in cities will
be increased, decreased, or remain
unchanged from the basis state
rates.
9 •
(n
-MLJ -
•*
wachommmua
-----
„AlAnen Ina A.nmea. anh.e.
reheased in Austin includes:, .
Abilene 10, Alice IS. Amarillo 4,
Austin 15. Beaumont 10. Big Spring
15, Borger 5, Bryan 10, College
Station 35, Corus Christi 15, Cor-
sicana -IS, Dallas 5, Dol Rio 15,
Denison 5. Denton 10, Fort Worth 0,
Gainesville 15, Galveston 15, Green-
ville 4, Houston 5, Kerrville 35,
#anj
CONSERVATIVE
If Daniel gets into the
nor's race as it seems lik
will, he was expected to
heavily on the conservative i
that has elected Shivers
’em gue
strategy,
4-Foot Python Is -
Stolen At Houston
AUSTIN US—Some 41 autos own-
ed by the defunct US. Automotive
Service of Waco, will be auctioned
in Tyler Thursday night to aid in
paying off creditors.
The Insurance Commission said
yesterday 11 of the cars are new
models. A similar sale was held
in Houston last week when 43 cars
were sold lor 040,000 or more.
The autos will be marked with
a minimum amount that will be
accepted by the estate liquidator.
J. D. Wheeler. The board said
most cars were Fords and Chev-
rolets. «
upon by the Senate. I
happened that changes
By JACK BELL
WASHINGTON uSenate inves-
tigators were reported today to
have found indications that oil
man Howard B. Keck made hie
Denton residents will be getting
one dollar’s worth of insurance for
OPPAMA, Japan U-The U. S.
Navy said today a weather balloon
it launched here Feb. 18 to nearly
to Africa after crossing the Pacific,
the United States and most of the
Atlantic.
The Navy reported the ‘40-foot
gas bag this morning was 700
miles west of French Morocco,
traveling east-southeast at 30,000
foot and moving at about 140 miles
an hour.
the bank.
"I.had a very sleepless night."
said Mrs. Oleen. “I haven't eaten
a bite yet.”
The banks president, Albin J.
Carlson, is hospitalized with a
digestive disorder. He collapsed
after notifying examiners.
Holmquist, 44. father of two
step-children. was in seclusion at
his sister’s home in nearby Salina.
"I have no comment to make at
this time," he said.
No charges have been filed.
J. Alfred Nelson, 72-year-old di-
See BANK, Page 2
senhower Committee. The
mittee worked for Eisenh
top campaign strategist, Wei-
Hart. to his administrative
8m SHIVERS, Page 2
dog. "
The snake was worth about $60.==
election la 1952. ft recently has
been revived.
flying debris from explosions in a 1300,000 fire which
destroyed three buildings of an auto firm in Kanka-
kee. Ill. Six fire departments held the fire to the three ,
buildings belonging to the firm and adjacent buildings
house were only slightly damaged. (AP Wire-
.t"
night after Shivers had an-
ced ha might seek a fourth
form said:
times.
it was not considered likely that
both Shivers and Daniel would get
in the race and thus split the con-
servative veto.
per cent
fire loss-
The governor, a master In the
" school of po-
l not hinted un-
Colonial Firm
Salvage Tried
DALLAS UB—An effort to “sal-
vage” the First Colonial Invest-
ment Corp. and its five subsidiar-
ies, now in receivership, is being
made by nine stockholders. their
attorney said in Dallas.
Henry Klepak said his clients,
representing about $50,000 of iv
vestments in the companies, had
called a meeting March 1 aa a
preliminary action to get the busi-
ness out of receivership.
A large number of stockholders
are Denton County residents.
See COLONIAL, Page 2
Funds Sought
WASHINGTON u_Sen. Russen
(D-Ga) today urged an increase
“of not less than" 1% billion dol-
lars in new Air Force funds to
meet the increasing air-atomic
powers of Soviet Russia.
"Frankly, I would like to go
somewhat higher than that," he
said in an interview. He is chair-
man of the Senate Armed Services
Committee.
He said he favors stepping up
production of the BS2, an intercon-
tinental jet bomber which he called
"the best deterrent to possible
war." He also suggested an in-
crease in funds to speed develop-
ment of guided and ballistic mis-
silos.
For hours yesterday, Russell and
other committee members ques-
tioned Secretary of the Air Force
Quarles and Gen. Nathan F. Twin-
to the national convention at Chi-
cago next summer.
Through his press aide, Shivers
issued a brief statement saying:
“I have been urged by friends
from throughout the state to run
for re-election as governor.
"I am seriously considering do-
ing so and will make a definite
announcement about my plans
within the next two weeks."
SPECULATION
That touched off aa immediate
wave of speculation, much of it
centering around the possible can-
didacy at U.S. Sen. Price Daniel.
U V
2,,,
A Streamlined Report
Of Important News
ry restraining order.
Suit was expected today against
the other company. Trans-County
Mutual Insurance Co. of Saa An-
tonio and Dallas.
A hearing was postponed on a
third company, Trane-Western Mu-
tual Life Insurance Co. of Dallas,
until Feb. 29. R. A. and R. E.
Ames, company officers, won the
delay because they had no lawyer
at the hearing yesterday.
CONCESSIONS
R. A. Ames, secretary, said he
would concede some of the com-
mission’s allegations were true, but
he thought a lawyer might show
that by “strict interpretation” cer-
tain allegations were untrue.
American Home Mutual urged
the commission to let it remain in
business. K. P. Chartier, president
gant" tactics he said were em-
ployed in its behalf by a small
segment of the oil and gaa in-
As an outgrowth of widespread
accusations that pressure tactics
were employed by both sides in
ths gas bill fight. Democratic and
Republican Senate leaders have
—never a close friend of Daniel-
might be seeking to put himself
in a firm bargaining position with
the senator. Daniel has said he has
to succeed him if he reslghato run
for governor.
Daniel has also said he had never
made a political office trade with
huapa Ae anaAuA Alak
onivers or anyone else.
HART IN FOLD
Speculation on Stovers’ political
future increased when he recalled
E -
**R
NCE
3chq ' 3021927
president to Glynn Hall of Dallas,
offered no contest against liquida-
tion. Hall said the commission's
publicized notice of hearing on the
firm has precluded any possibility
of continued successful operation.
He said he felt affairs of the
company could be liquidated with-
out lossto policyholders “unless it
is put to a lot of unnecessary ex-
pense.”
Hall’s suggestion that the busi-
See INSURANCE, Page 8
It would have broad powers to
inquire into campaign contribu-
tions. lobbying end any improper
Ap facal al” aMuiU "u
or illegal influence, and would De
directed to make specific recom-
mendations for new legislation by
next Jan. 1.
A source close to the special
committee looking into the Cem '
52? and Acoraromntdacate '
"several" campaigning gifts by
be named said the larzest was
VV a MAVM, •4M MU ABBA EVQL W 40
for the national Citizens for Ei-
quiry into a $2,500 campaign
contribution offered by Superior
attorneys to Sen. Francis Case
(R-SD).
MM rejected the contribution
on the grounds he suspected it
was offered to influence his vote
on the natural gas bill. He voted
against the measure, designed to
AEpAAe fAAavAl Anma.li.vT
MEECV IEMeEA controls.
Slated Today
FORT WORTH, Tex. un-After
spending the night in the Tarrant
County Jail for contempt of court,
Laredo newspaper publisher Wil-
liam Prescott Allen today was to
tell the grand jury what he knew
about crime conditions in Fort
Worth.
The grey-halred, 60-year-old pub-
lisher of the Laredo Times was
fined 8100 and sent to jail by Dist.
Judge Dave McGee yesterday aft-
er he refused to testify before the
grand jury on the grounds that it
violated Ms constitutional rights
and might incriminate him.
Later in the day, Allen an-
nounced that he would testify but
Judge McGee refused to release
him from jail, saying he could
purge himself of contempt only by
testifying and that he would have
to remain in custody until he did
so.
Allen was subpoenaed by the
grand jury after several front-page
editorials in the Laredo newspa-
per. 425 miles from here, had lam-
basted this city for permitting
vice and payoffs. He charged that
one politician here takes a cut of
vice payoff money because he
8m TESTIMONY, Page 2
REDSTONE ARMY ARSENAL,
Ala. ( — An ugly steel tube,
capable of spanning hundreds of
miles at supersonic speed, is the
forerunner of tomorrow’s interme-
diate range ballistic missile.
From this rocket-propelled mis-
sile, called the Redstone, the Army
to evolving a weapon powerful
enough to carry an atomic war-
head to targets 1,500 miles away.
The Redstone is estimated unof-
ficially to have a range of between
300 and 300 miles. The Army says
it is "very” accurate.
The Army, which showed the
Redstone to visiting newsmen yes-
terday. considers it a progenitor,
but not a prototype, for the Inter-
mediate range ballistic missile
(IRBM) being developed jointly by
the Army and Navy.
The IRBM may look like the
Redstone. but there will be differ-
ences. Power, of course, will be a
major one.
A mightier rocket motor than
the Redstone's will be needed to
fire an IRBM 1,500 miles. But the
problem of power—and thus range
—has ceased to be a major one.
Maj. Gen. John B Medaris, chief
of the newly organised Army Bal-
listic Missile Agency, pits it this
way:
“There is no trick to flinging a
millile to damn.near any distance
you want to. The trick is to keep
it (the point at which ft hits) with-
in the size of a, Texas county."
tration’s program.
Chairman Cooley (D-NC) ac-
cused Benson of ignoring the House
group in submitting specific pro-
posals, telling him: "ou’ve been
in office three years and to this
day we have never had an official
7. Longview 5, Lubbock 10,
Marshall 0, Midland 15. Odessa 30,
Port Arthur 30 (Griffing Park 25.
------
Probers Say
,2
Home Mutual Life Insurance Co. for operation ofthat type
of Dallas and secured a tempora-rans.countv Mutual
Commission Chairman Byron
Saunders said the commission's
Record-Chronicle
The HomotowpJiewtpaper Foe The Denton, Wi»e;Collin and Cooke CountyArea ----------
WASHINGTON U-The Senate
may begin debate late today on
an election year farm bin, portions
of which are strenuously opposed
by the Eisenhower administration.
Chairman Ellender (DLa) of the
Senate Agriculture Committee, who
predicted early this year that Con-
gress would have a new farm pro-
gram on President Elsenhower's
"I hope we can get around to
voting early next week," he said
in an interview today. Most of his
colleagues seemed to think the de-
bate would take considerably long-
er. The Senate is closely divided
reading of Washington’s Farewell
Address, an annual custom, and
action on a resolution to authorize
a boad inquiry into lobbying,
campaign contributions and simi-
lar matters.
Secretary of Agriculture Benson
ran igto a storm of critical ques-
tioning when he appeared before
the House Agriculture Committoe
W.
ad
basic state rate applies, "minus"
indicates a debit or charge,
other figures are credits. The
AUSTIN (D—A veteran insurance
executive. Morris Brownlee of
Houston, will take his office as the
third member of the Insurance
Commission Feb. 28
Brownlee will fill out the un-
expired term of Garland Smith,
who resigned Jan. 38.
Beasley, owner of Beasley's Jew-
elry and one of Lewisville's most
active civic workers, has been
elected president of the Lewisville
Chamber of Commerce
He succeeds Robert O. Scofield,
Lewisville attorney, whose term
expired with Tuesday night's es-
sion.
Other new officers named were
Joe Spears, first vice president;
S. M. Payne, second vice presi-
dent: and Dan Morse; secretary-
treasurer. The new officers as-
sumed their duties at last night's
membership meeting.
An intensified one-day member-
ship campaign will be conducted
Wednesday, Feb. 38. A 7 a.m. kick-
off breakfast for approximately 30
workers will launch the campaign
to increase membership rolls to
75.
“We re throwing membership in
the chamber wide open this year
in order to get more complete
support for the community," Morse
said this morning.
“Our membership this year, will
be on an individual,.basis. There
will be no commercial or firm
members,” he added “This way.
we can reach every supporter of
the community." ,
Although no definite projects
8m C-C, Page 2
TOKYO -(—A schoolteacher who
found an unexploded World War II
bomb under a rose bush in his
back yard was told toay it would
just have to stay there for a couple
of months.
Tatsuhiko Ojiro said bomb dis-
posal officials explained they had
spent all their allotted money for
digging up 7,000 bombs and shells
during the past 10 months.
One they get more funds for the
new fiscal year, beginning April 1,
they promised they would come
and get Ojiro’s find. Meanwhile,
the teacher doesn't plan to do any
rose cultivation.
Shivers Says He
Might Run Again
Aa stated before, my
dependent on what
may do."
or a city slicker, you'll get a .
kick out of Farm Foolosophy,
r the amusing cartoon that will
appear each Wednesday in the
Record-Chronicle farm pages.
Farm Foolosophy is from the
talented pen of Glenn Shelton
of Wichita Falls It's a Texas
cartoon for Texans, not a na-
tionally-syndicated enterprise.
Shelton knows farmers' prob-
lems from weather to pump
failures,-for he has been farm
editor of the Wichita Daily
Times for eight years. The fea-
3 __________company.
Trans-County Mutual, whose
Bid Studied Ike Aided By
Case Donor
ing to figures released late Tues-
day by Commissioner Mark Wents
in Austin. The new ratings will oe
effective April 1.
Based on a five-year period with
premiums paid into the companies
and the losses accured during
each year. Fire Marshall Eugene
Cook estimated Denton premiums
for 1955 at 8180,000 with losses
"I hope the commission sees our
side of j apd gives us an oppor-
tunity a operate the way it wants
us to," said Chartier.
He has already served longer phone call with Tommy Thompson,
than any other man in Texas his- editor of the Amarillo Globe-Times,
tory. The governor has been saying
that his chief interest politically
would be in controlling the May
state conventions which will decide
Shivers has planted a politi-
cal time bomb in the Texas
governor’s race, saying he is
thinkink seriously of making
a fourth-term bid.
He lit the fuse so that it would
go off or fizzle out in about two
weeks. Shikers said he would have
a definite announcement within
that period.
since September, said he agreed
things had been in a "moas” under
the previous management but he______________
said the present management 90 cents again this year, accord-
should not be held responsible.
WORLD Testimony By
Jailed Editor
RAGoonUSED:
CAR SHOP THE
■ ' -
T ADS DIAL 02551
at 874,414.80. He said the five-year Kilgore 5.
total of 8867,811 for premiums ""
. 2
guyijggigggoagt
THE LONGEST
AND SHORTEST
The tallest man in Britain's
Royal Navy, 6-foot, 8-inch sea-
man Geoffrey Newson, 18, teams
up with his service's shortest
woman, W.R.N. Audrey Green.
18, to give the long and short of
it at Victoria Barracks in Ports-
mouth. Newson had to be fitted
with a special uniform—includ-
ing size 15 shoes. Wren Green
also had to have a uniform tail-
ored to fit her 4 foot, 8 inches.
(AP Wirephoto)
-----------
Crash Victim
Is Recovering
Eighteen-year-old D. L.
AUSTIN (AP) — Allan
“manipulations of the cashier. -$12,000 —fl of their savings - in
Raymond Holmquist. - - •
_____JI NO. 174
wUnvi
Lakeview 25, Pear Ridge 15), San
Angelo 10, San Antonio 15. Sherman
30. Snyder 0, Temple 18. Texar-
kana 0. (International Creosite and
Construction Co. 10. Wake Village
29), Tyler 30. Vernon -10, Victoria
25. Waco 10 (Bellmead 10) aad
Wichita Falls -10.
and 8341,375.80 losses would give
Denton a 30 per cent ratio of loss-
es to premiums paid, placing the
city in the 10 cent bracket: The
15 cent bracket calls for 38 per-
cent ratio.
“From our estimated premium
figures, it looks as if we missed
a 15 cent rating by one percent-
age point,” Cook said.
With the close margin we had
last year, we were hoping to re-
l ,
I .
’ ■
I 1
____________________________ “My position is unchanged. I am
make-up and perhaps the plat- seriously considering the race for
n policy of Texas' delegation governor. I will probably reach a
------------------------------- decision after the farm bill is acted President Eisenhower ve
‘ ‘ Nothing has the bit last Friday, citing “
I mN position " in* t
SMOLAN. Kan. O—A shortage
attributed to "manipulations’’ of
the cashier has closed a 51-year-
old bank here and threatens many
ance Commission has dam- „ ......
onstrated an unrelenting policy is “to look at the company
J. . ... ..... 9 ae fa Anrnrata antitu nnf whA tha
of Denton remained in Flow Mem-
orial Hospital today where he is
receiving treatment for injuries re-
ceived in a two-car accident on
U. S. Highway 77 near Corinth
Monday morning.
Highway Patrolman Felix Web-
ster. investigating officer, said the
accident occurred when a 1951
Chevrolet pickup driven by Roy
Thomas Midgett, 811 Bernard,
slowed or stopped to render as-,
sistance to a stalled vehicle.
Ward, driving a 1948 Ford se-
dan. topped a hill and skidded in-
to the truck sideways, totally da-
maging his car, Webster said.
Ward was removed to the hos-
pital by a Jack Schmitz and Son
ambulance. He received a broken
right leg and abrasions about the
face in the accident.
____CommittaiL'iti’'
The personal checks aad bank
records of Keck, president of the
Superior Oil Co. of California,
have been subpoenaed hyiaspe--
dal Senate committee to its in-
agreed to set
committee P
Philip Nelson, service station
operator, said residents were
"stunned and speechless. Most of
them didn't believe it at first.
Most of them have a little cash
left. They're going to keep living.”
One merchant said the central
Kansas town would be ruined if
the bank did not reopen. •
FARMINGDALE. N.Y. ( -
Federal mediators and union lead-
ers meet tomorrow in a first step
aimed at ending a strike that has
halted jet plane production at the
Republic Aviation Corp.
Mediator Frank H. Brown said
"every effort will be made to de-
velop" an agreement to “resolve
this existing impasse.”
hind closed doors.
Quarles and Twining described
as “austere” President Eisenhow-
er’s budget request for 16% billion
dollars in new Air Borce funds. But
they said it would be adequate.
vpemz.e —aza L.m AA-AzeSn-A Lte
Twining Mid ng conditioned ms
support of Elsenhower's Air Force
budget on an understanding it will
bo increased next year.
In the list, “O” indicates the*
I RECEIVED ABOUT
58 CALLS FROM
MY AD •,2
Said Mr. RayzOr of Denton.
Route 2, He sold all of the
articles mentioned in the ad
within four days and sold sev-
eral pieces of furniture other
than the ones mentioned in the
following ad: ■ _________
TWO Blonde end tables. giaas
top coffee table and tier table,
couch, sink in metal cabinet.
1414 Bolivar, C-XXXX._______
A Want Ad is the best way we
know of for selling furniture
you no longer need. Why don’t
you do the same thing?
JUST DIAL C-2551
The Want Ad Number
In Denton
"show uS” attitude once
more, ruling two companies
should be thrown in receiver-
ship.
Atty. Gen. Shepperd’s office filed
suit at once against the American
DENTON AND VICINITY: in-
creasing cloudiness. warmer
through Thursday. Occasional
WESThUW8; Partly cloudy
through Thursday. Occasional
light rain Pecos Valley tonight.
EAST TEXAS: Mild and occasion-
al rain Thursday and in so h
tonight Moderate east and south-
east winds on coast.
SOUTH CENTRAL TEXAS: Oc-
casional rain tonight and Thurs-
day. rising temperatures. Mod-
erate east and southeast winds
on coast.
TEMPERTURES
(Experiment Station Report)
High-...,.,............... w
Low .............••.....48
High year ago ..............81
Low year ago ............18
Sun sets today at 6:20 p.m.;
rises Thursday at 7:06 a.m. Fish-
tag: Bad.
Dentoh County rainfall aa far
this month 2.3 inches. So far this
year: 3.25 inches. This time lart
year: 2.97 inches.
He told Benson, too, with evident
zazmos"he"acgzbamynod
advise with your attorneys so you
won! request authority you al-
ready have."
Benson conceded that the pro-
posed soil bank, a major feature
of the administration’s program,
had been proposed earlier and
that his department rejected sim-
ilar measures last year.
The idea of the soil bank la to
pay subsidies to farmers who re-
duce their plantings of crops now
In surplus, ft is combined in the
Senate bill with provisions to scrap
the administration’s flexible price
supports in favor of a return to
high, rigid props on basic crops.
Ellender. an advocate of the rigid
price support provision, said Tm
certain we have a Senate major-
ity" in favor of restoring rigid
8m GOP,, 8
kkkk.k 12 PAGES PRICE: FIVE CENTS
DENTON, TEXAS, WEDNESDAY AFTERNOON, FEBRUARY 22, 1956
wurmermmeummiemirimermeabngabhimmrmmemevEetusmeeme
,0
til yesterday that he has much in-
terest in going after a fourth term.
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Bogan, Allen. Denton Record-Chronicle (Denton, Tex.), Vol. 53, No. 174, Ed. 1 Wednesday, February 22, 1956, newspaper, February 22, 1956; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1449954/m1/1/: accessed May 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Denton Public Library.