The Alto Herald (Alto, Tex.), No. 33, Ed. 1 Thursday, January 21, 1960 Page: 2 of 8
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THE ALTO HERALD
TEXAS tf=T
A Leader in South Cherokee County Since 1896
VRE3S^1 ASS0C!AT!0M
Mrs. Frank L. Weiniar and Son, Editors and Owners.
Entered as second ctass matter in 1896 at the Post Office in Atto,
Cherokee County, Texas, under the act of Congress of March 3, 1887.
Published every Thursday at Alto, Texas.
Any erroneous reflection upon the character, standing or reputa-
tion of any person, firm or corporation which may appear in the
columns of the Herald will be gladly corrected upon its being
brought to the attention of the Publishers.
ALTO HERALD
SUBSCRIPTION RATES
ONE YEAR, IN COUNTY --$2.50
SIX MONTHS. IN COUNTY — -S1.23
ONE YEAR. OUTSIDE COUNTY - $3.00
SJX MONTHS, OUTSIDE COUNTY - $1-5"
Business Organization
The iaw allows a businessa wide
choice of ways to set itsetf up, to
finance and manage itscif.
i You may have sole ownerships,
partnerships, joint ventures, cor-
porations; and within these classes
GiKet^e
Mtwys /or .Super?) Mows/
you hive many different forms.
To meet modern business cotir
ditiwis, to get full tax advantage,
and to protect investors, for
example, the taw provides nvny
ways for a company to finance it-
setf. And these, in turn, influence
the ^ind of management it can
have, and the way it conducts its
affairs.
We sometimes speak of "stocks
pnd bonds," for example, as if
they were one and the same.
But when you buy a share of
stock in a company, you "own" ax
"undivided" p'rt of everything i'
owns, but no particular piece of its'
property.
But what do you have when you.
buy a coronation's bond or de-
benture? You own niothing of the
company. Instead you are lending
money which it promises to pay
back with interest when your bond
The JacksonviMe BuiMing and Loan
Association
Announces !ts 69th
Consecutive Semi-Annua! Dividend
at the Rate of
Per Annum—Payab!e December 31, 1959
Addition*! Saving! and investment*, Up to 2 Mittion Dottars
Witt Bo Accepted Up to January 10, 1960. Dividend* Wit!
Bo Paid from January 1st on a!) Account* Received by Jan-
uary 10, 1960.
p. o. nox an
JACKSONVILLE,
TEXAS
INSURE
"matures".
Unlike a stockholder, a bond-
holder as n ruie has !itt!e to say
diroctiy about who manages and
Ihow he manages the comp ny.
Remotely a txyid buyer by vith-
hoiding or lending money may in-
influence a company's ability to
expand. The bondholder gets
his interest payments, which <omc)
before tiie stockholder's "divi-
dends," sitnee he takes ioss of at
risk than the stockhoiders.
Thus if the corporation qu so^
goes bankrupt, it must pay the
bondholders o.'f before the . ^'ck-
iiuiders-rPtaaythin;:.
Wiitie docs the "preferred
st .c.) tc i.i'.' As a rule, pre-
.cite ! stockholders coHect a fixed
!i. idea ! after the bondholders'
re p. id but before the "common"
tjekhoiders get anything. There
are many kinds of preferred stock
arrangements. But in return for
their first chance at the profits the
preferred stockhoiders often give
up any voting rights or ability to
controi the company directiy.
(This coium, prepared by the
State Bar of Texas, is written to
inform — not to advise. No person
should ever apply or interpret any
law without the aid of <"n attorney
who is fully advised concerning the
facts invoived, because a slight
variance in facts may change the
application of the law.)
THE ALTO HERALD, ALTO. TEXAS, JANUARY t^MM
THE F!ZZLE FAM!LY
ByW T tLMO
A.ND I DON'T
Quail Hunts End
Austin — With the close of the
general quail season Saturday,
Jan. 16, ait game hunting for the
1959-60 season wili be over. Rabbits
are legal game throughout the
state; sqpirrcls it) a few areas, but
alt other game hunting will be in
violation, according to the director
of taw enforcement of the Game
ami Fish Commission. Shooting,
however, wit] remain open mi
legal preserves until March.
HOVJ 6TRONGE' 8KBUSE
I HAD A DBERM \-65T
NS6HT TOO ..
THAT& FU^NV....I
A AM LA6T
*THRT 1 V^A5 MOOE
6ECRETPRY OF *WE
TREASURE
I UAD A< DRE^M LB6*r
N)G-<'T" H-tAT 1 VJA6
a,P PORTED SECKETRB^
OF STATE
\OU FELLOWS f
^EVERY T<^E vs/E 60 TO /A
PICNIC- THE/ARE^/^ TWERE
It
I DON'T KNOW ABOUT
THAT! P'NKY.
'ZCO/MER. AREN'T ANT5 FUNNY
LITTLE TWNGS? THEY WORK
AND WORK, AND NEVER PLAY.
LADDtE
LOVEABLE
PUGGY
MOST
AMERICAS
trnrr^
oy guT
GREATEST SUV OF Tt-IE V
ON TME
END ?
E
swop vjtsEcy'
CENTURYEVERY VJORD
DECLRRATSON
ALWAYS GET YOUR
MONEY'S WORTH'.
^FOR SRLWiS 8tKTHOW/
Tt-UNK
I'LL SUV P.ERR
IC6M
GET OME FOR &15-!
pLAYT^^as
/SRH OUT OF THEQUESllON
THESE P&YS'. tSTftATR'-L
EXPEHSW^
VOU OF —
ABtCVCLE! T^sCYCLE')
TOO ,
MUCH!
1-LU V/^ST T)LL T^E
NlEXT COLD SPELU OND
GET HER BM
ICICLE!
\T COSTS HOTHtMGt
The United Nations has not been
able to keep the peace of the
warid, but, then, it did not start
any wars.
NOTICE TO THE PuBUC
This is to advise the public that Arthur Brooks will be in
charge of our shop beginning this week and we wiH ap-
preciate a chance to service your car or truck at any time.
We can handle any job, large or small, and we also carry
any parts to meet your demands.
!f you plan to buy a new or used car or truck, come in to
see us before you trade.
COPELAND MOTOR COMPANY
HUBERT WOMACK, MANAGER
FORD SALES AND SERVICE
Phone 87 Alto, Texas
SEE US FOR
Call Us For GulfTane, Butane Or Propane
J.W."
We W.II appreciate a chance t. serve you. Our service men
are courteous, friendly and carefully trained for „ '
fluent servicing of LP-Gas Cylinders and j "
ouse
owttN av*M*a
You Can Depend On Us For 24 Hour Service
Phone 82, any time day or night, or Phone Alton
-ngtetary at night, telephone 294, for Gas or Service
s
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24
HOUR
SERVICE
w. hi,nj, ,ai, d,., ^ ^
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Mrs. Frank L. Weimar and Son. The Alto Herald (Alto, Tex.), No. 33, Ed. 1 Thursday, January 21, 1960, newspaper, January 21, 1960; (https://texashistory.unt.edu/ark:/67531/metapth215608/m1/2/: accessed April 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Stella Hill Memorial Library.