Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-11-01
Mayor Moves to Halt Payroll Padding Talk
IN OUR
VALLEY

WILLIE W. csl OAAitAAAS0 DAC1o-
ing. by any means, most Valley
financiers and developers agree the
wild bull raids on stocks in the
New York stock exchange eventu-
ally win greatly benefit this sec
ton.
Less speculation means demand
for less call money and consequent
ly q lower interest rate, 1t is point
Z ed out.
When the rate on call money
drops below that which can be OBJ
tanned at home. money viii cease
its flow I'd New York.
That means money for develop
ment viii be available.
Another angle Is that heavy loss
es in the stock exchange viii di-
vorce many men Of money from
the idea that stocks are the only
worthwhile investment and their
resources will be turned to build
ing projects.
OF course, there is the other side
OF the picture also. "A number Of
large projects are In the offing for
the Valley and most of them are
expecting 10 secure the necessary
capital from the East.
A falling stock market will shake
the confidence Of money-always
exceedingly tinid-and drive some
cash into hiding.
While no authentic data is avail
able 1t is believed losses in stock
speculations by Valley residents, to
say the least, are not large.
THE DRTZzLE OF rain which be-
gan falling early in the day likely
viii cut the crowd at the football
game slightly today but only
slightly in the opinion OF Red Irv-
the.
All the real fans will be on hand
70 cheer the Eagles on and IT'S
rooters from San Antonio will be
on hand 70 support the Bracken-
ridge Eagles from that city.
And those who attend will see
real football game. The Browns
vile lads are in top form and all
reports indicate Breckenridge has
been pointing all year for the con-
test here.
An information" filed by Austin
and San Antonio football officials,
attacking the record Of John Syl-
vester will not cut the crowd any.
Local people will be on hand to
root for that star who is playing
his second year.
SUNDAY Is to be q happy oc-
casion for members Of the Central
Christian church.
That day will mark completion Of
70 years of service and the begin
ming OF the twentieth year.
DR.. s. X. Hallam, who en- the
first Sunday in November, 1910,
preached the first sermon, viii
again be in the pulpit.
AS the twentieth year begins the
congregation Is completing plans
for q new church building which
will be a concrete testimony to the
worthiness Of the efforts.
A special program Is being ar
ranged and efforts are being made
to secure attendance OF all the or
iginaI members who live in this
section any OF them have passed
on and others have removed TO
other sections.
THE FIRST CAR Of beans for
the present season was forwarded
from Brownsville Wednesday after
noon, having been loaded from
farms CT Domingo Ayala and Mr..
RoyerSon by w. z. McDavitt. pio-
neer produce shipper Of the Lower
Rio Grande Valley.
The ban market at present Is
not esp ~cially good but vast i'm
proveme e is in the offing. II is be-
lieved.
Some 5. tions considerably north
Of the Valley still are shipping late
green beans. In a few days at
most q killing freeze is certain 70
strike down these fields.
When that freeze comes the VAL
ley will be practically the only sec
ton with q supply of beans. Then