davidaulloa/AmericanStories huggingface dataset:
The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-02-05

sion. The living room was attrac-
tive with large black vase of
pink roses. The dining room table
was gorgeously conferred with a
basket of mixed flowers.
At the invitation of the Finnish
American Athletic Club basketball
squad, the Finnish-American Ath-
letic Club team of Butte, will play
two games at Workers Hall Sat
urday and Monday nights. The
visiting aggregation have tangled
with the local quint, on the occa-
sion of their recent tour of west
ern Montana. At that time the
local Club defeated the Butte
group in 2 games, the scores end
ing 30-16 and 1921. AT the half
of both games the count was tied.
Jack & His Melodians will furnish
music for dance, to follow the
Saturday night game. A boxing
exhibition will be staged at the
close of the Monday night hoop
game.
A few names of pupils on the
honor roll and perfect attendance
lists of the Red Lodge City Schools
for the half-year period, which
ended January 16, were erroneous
ly omitted from the lists last week
and the additional names are sub
mitted for publication by the of
flee of the city superintendent of
schools. The following students
are pupils of the fourth and fifth
grades of the Jefferson school:
honor pupils-Albert Jenkins, To-
ny Zupan, Frances Cobetto, Sigurd
Tervo, Richard Mayer, Emil Dim
ich, Rosemary Jarussi, Ilmaa Mat
tia, Kathleen Pippenger, Margaret
Schmidt and Creath Tooley. Per-
feet attendance pupils-Albert Jer
kins, Ruth DeBourg, David Rattin
Doris Brown, Emil Dimich, EN-
ma Hotchkiss, Darrell McGillen
Olga Nance, Rosemary Jarussi and
lima Mattila.
Red Lodge DeMolay delegation
and members of the advisory
council attended a joint meeting Of
Billings, Roundup and Red Lodge
chapters in Billings last Saturday
night. Of Is candidates initiated
into the 3 chapters, two were mi
tiated into the local junior organ
ization. They were Clinton Dan
iels and Edwin Gregory. Enter
tainment and informal banque
featured the close of the lodg'
meeting. The Red Lodge DeMola,
delegation was composed of For
rest Flashman, master councillor
| Thorvald Fiveland, Tom Gillen
James Midtown, Ed. Nordstrom
Marshall Foltz, Edwin Burns, How
ard Maddox, Nat Provinse, E,
Olson, Bill Herronen, Phil Pol
lard, Robert Woodrow, Clinton
Daniels, Edwin Gregory, VILLAS
Renko, John Davis and Vern
Schwin. The advisory council wa
represented by W. w. Flashman
Frank Bowman, James Leslie an,
Pete Boggio.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
PHONE SEVEN MEMBER SOCIETY '"0s SEVEN sHr'H'

Allen, guests at the home CT Mr.
and Mrs. r. M. Card.
Mrs. ]. d. Moore, Jr.. and son.
Donovan. returned the last OF the
week from a several weeks visit
in Austin. J. ID. Moore went Oh to
Dallas for q short business trip
Axs- Record returned Sunday
from a couple OF weeks visit with
her daughter. Mrs. LeBg and her
granddaughter. Mrs. Fill Cooke In
Harrington.
MI. and Mrs. W.. r. Turner are
the proud parents OF n pair OF
twin girls. who arrived last sun
day, weighing 8 and 5 IL pounds.
Mother and children are doing
fine.
MI. Boatwright. OF North Shary-
land. returned Saturday from n
visit and vacation in North Texas,
bringing with him Miss Giliett,
who will make her home with the
Boatwrights.
Herself Peake and Homer Cooke
will leave the last Of this week for
a trip v~acationing through Central
and north Texas. They viii make
tho trip by motor. The boys expect
to return by the first Of September.
Mrs. r. y. Wright returned from
the hospital the first Of the week
considerably improved.
Miss Lois Card returned Sunday
from q visit with her grandmother,
Mrs. Ferris in Dallas.
Mr.. and Mrs. Roy Hooks and
daughters returned Sunday from
their vacation In North Texas.
Mrs. Herman Johns is recovering
nicely from her surgical opera
ton at her home here.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

and score pads. Five games cf
bridge were enjoyed.
Mrs. Art Gustfson held high for
the Ladies and D. Q 5quyres held
high for the men. Each was given
= beautiful modernis.ic linen deck
OK cards The hostess served deli
cious refreshments u Messrs. and
Mesdames VIM George. Lenord
Wilson. Brooks Buck eu. pete NIL
Ter, John Stokes. NY. Moore. J. F.
Galloway, J. w. Carlson. d. @.
Squyres. Melvin Giese. ~. I'd. Mitch
ell. Art Gustfson. Misses Rlenda
Doris and Marie Carlson. Mr.. Verne
Carlson, Mr.. and Mrs. O. H.. Carl
son and Mr. and Mrs. IA. C. Carl
son.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

will build a new four-room house
there at once.
Mr.. and Mrs. n. Z. Snodgrass OF
Weslaco sr-nt Tuesday evening al
l.. <. Stanfield's.
"A. G. Mcdonald or wills Point.
ginner for the Watson gin at Ed
couch arrived IN Elsa Friday and is
staying at the Jno. Stokes home.
Mr. and Mrs. X. p. Carruth and
sons Ernest and Perry and Mr.. and
Mrs. y, r. Carruth were in Rio
Grande City Tuesday.
Roy Teer left Saturday for a
visit with his mother at Granger.
Tex.
Mr.. and Mrs. w. c. Chandler and
children returned on Monday from
Muldoon, where they visited Mrs.
Chambers parents.
Mr.. and Mrs. G. r Workman and
children who have been in Elsa
the past three months left on
Thursday 10 spend q few weeks in
Corpus Christi.
Mrs. Y. Turner and her brother
=. ". Brazil Of Beaumont visited
friends in Ia Ferla on wednesday.
Mrs. c. W. Bowers and son T. c.
and Mrs. A. p. Miller and daueh-
tiers spent Tuesday with Mrs. Bill
Arthur at NcAlien.
Mrs. T. II. vahls ng and Mr.. Bill
Angelo or New York City spent the
week end az the home OF Mr.. and
Mrs. Melvin Giese.
Mr.. and Mrs. j. P. Sims returned
on Saturday from a two weeks
vacation spent visiting relatives in
North Texas and in New Mexico.
Mrs. l.. T. Wilson and son Leonard
and daughter Fay left on Saturday
morning 70 visit for a week with
relatives at Thorndale. They will 90
on 70 Coleman for a visit with Mrs.
Wilson'S mother and sister.
Mrs. Roy Ter and daughter KAY
and Mr. Perry Carruth visited Sun
day n Edinhurr with relatives.
Joe Downev was q business visitor
IT. Mercedes on Monday.
r r. VahisinE and Mr.. Angelo
left Sunday night for New York
City. M. ard Mrs. Melvin Gsese ac-
COMMANDED their guests as far as
Harlingen.
Miss Grace Beam RI Waco. who
IS visiting with Eariyne Turner. was
the honor guest ar a picnic party
given near Weslaco Thursday eve
ming. About sixteen young peo0leot
Elsa and Wesiaco enjoyed this
picnic.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

The Thursday Bridge club met
a. the home Of Mrs. j. w. Carlson.
The living room was made benuti-
I'LL with biz bowls of pretty cue
flowers. Three tables were laid FOR
bridge with pretty covers. TALES
an score pads.
After four lively games the scores
we're counted. Mrs. J. r. Byrnes
Neld high. Mrs. I'D Q. Suuyres sec
and Mrs. KY. XIV HART held
ne hostess served delicious
tu-Nnut cake and apricot shHrbet
Ftors. Mrs. A. WY. Cuff. Mrs.
son\Hartt. Misses Blenda Carl
49, Catherine B0wn: members
\ Gr-r-fs NJ. T. ByrnFz. D. ~.
. .~r--.1 Clarence HAL. walter
s~- lew Campbell. j. w. carl
Hiss Mattilee @umvrpS.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

Auxiliary held meetings this week
Circle One met at the home Of
Mrs Henry Duensing on DaughteIty
avenue. with q program and en-
afternoon OF instruction. Mrs. Pever
Is chairman Cd this circle.
Mrs. Arthur Noe entertained
circle number two. with Mrs. L. B
Baltrope as chairman and Bible
study leader, Mesdames KeyeS
Ashley and Henderson Woods rs
SiSting.
Both circles Rad a missionary
program with Korea as the chief
topic.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
Brownsville Club
and Social Activities
Elsa
PRESIDENT
AFTER ABSENCE

The Presbyterian Auxiliary held
neir regular meeting at the Elsa
Presbyterian Church on Wednesday
kfternoon. Seven members and two
fiSitors YER present.
The president, Mrs. l.. 4. stan
ield was present after being away
Ior a three months visit. She was
"a charge Of the meeting.
Mrs. M. g. Unzicker then had
fnarge OF the program assisted by
4rs. j. Il. Galloway and Mrs. L. J.
Wilson, The circle meeting will be
1eld on Wednesday. July 22nd with
drs. ]. A. Liliestrand as hostess.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
NEW PASTOR AT
PRESBYTERIAN CHURCH

Rev. r.. Fl. Pollard OF Falfurrias
spent the week end IN Elsa visiting
Friends here and conducting services
ON Sunday at the Elsa Presbyterian
Church The communion services
were observed at the evening meet
ing.
Rev Pollard was called by the on
|gregation to Elsa for the rest OF the
church year and will conduct ser
vices every second and fourth Sun
day In each month at the Elsa
church. Rev. Pollard will begin his
services In Elsa on the second Sun
day in August as ne will be away
on his vacation the last two weeks
In this month
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
Mission


GUESTS AXE
HONORED
Complimentary 70 Mr.. and Mrs.
Russell Wine OF san Antonio and
Mr.. and Ms. T. Woody OF Houston,
Mr.. and Mrs. O.. r. Dohrn enter
tanned with a bridge dinner Monday
evening. A three-table personnel
was hidden.
Many flowers were In evidence,
their fragrance and bloom adding
to the honey and jolly atmosphere
prevailing.
Other guests included MI. and
Mrs. "A. p. Wright. Mr.. and Mrs
Flynt Sorreile, Mrs. G. NJ. Abney
Mr.. and Mrs. Ogden Swan, the lat
ter from McAllen
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
INTERESTING SESSIONS
HELD BY CIRCLES

The Baptist Missionary Union
met in circles Thursday. Mrs. Earl
Baker entertaining the Hannah
Far Sallee at her home north cf
town, with IL members present.
This circie has taken over a ship
mFnt ar linens made wv Chinese
converts. which II IS planning on
selling 10 friends and others IN
terested. The proceeds are to 60
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
CUT OF CLUB
GTrEGTS PRESENT

The Modern Priscillas met with
Mrs. Albert McHenry Friday. with
IA members and visitors present.
"A deliehtful afternoon vas spent
with sewing and fancy work. there
being two out OF club guests. Mes
danes Hettrick and Ewell.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
INFORMAL
ERInGE PARTY

Mr.. and mrs. Ewing enjoyed q
gathering Of friends on Saturday
evening. spent III bridge.
Other participants were Messrs.
and Mesdames T.alDh Dlmmick. It.
r. Card. Mrs. E. 2. Vawter and
Mrs. Smith, the latter from Iii
nDis.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
Edcouch
DINNER PARTY
HOSPITALITY

Mrs ID. q. Squyres entertained
with a dinner Monday at her home.
Red geraniums we're used for floral
decorations
Those enjoying this hospitality
we're Mr.. and Mrs. "A. G. Bell. son
A. c., Jr.. and daughter Mss Ruby.
Mr.. and Mrs. 8 ri. Crockett. sons
$ RI, Jr., and Paul and Misses
Media and Mona Ruth.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

for the benefit OF the missionary
schools.
This circle, with Mrs. Reed as
leader. Il planning a large mission
airy and social meet In the Lions
park for Thursday afternoon.
Mrs. Vandervort entertained the
other circle with q lawn picnic at
her home on Riverside Thursday.
with Mrs. Minyard in charge Of
the day
No program was given and the
afternoon being spent In sewing
and fancy work.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
VISITORS FROM
COLORADO

MIR. and Mrs. Arthur Gustafson
md Mr.. and Mrs. George Mitchell
1f Fort Lupton. Colo, arrived on
Tuesday for a visit at the A. c.
Carlson and o. Z. Carlson homes.
Ar. Gustafson Is q brother Of Mes
lanes A. G. and y. e. Carlson.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
CO-H0S TESSES
AT BRIDGE

Mrs. A. G.. Carlson. and Mrs o
r.. Carlson entertained Wednesday
evening at the home az Mrs. IA. C
Carlson with six tables Of bridge
complimenting their brother and
wife, MIR. and Mrs. Art Gustfsun ot
Denver. Colorado. who are visiting
here for a few weeks. The large
living and dining rooms were beau
tifully decorated with vases az red
roses. The tables were laid with
pretty m~odernistic covers. tallies
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
SOCIAL is ENJOYABLE
|EYENT IN ELSA

The Presbyterian Auxiliary was
1ost at an Ice cream social Friday
aight and was enjoyed by almost
I've hundred persons. Friday night
gatherings are held every week and
programs are provided for the en-
4tertainment Of the many who come
from neighboring towns.
July II. reading songs will be
featured and everyone is cordially
invited 10 attend the gathering.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
COLORADO NJ
COAIPLTaTENTED

Mr.. and Mrs. j. w. Carlson gave
q dinner Monday evening at their
home complimenting Mr.. and Mrs,
Art Gustfson OF Denver. Colorado.
The guests present were Mr. and
Mrs. A. q. Carlson. Mr.. and Mrs.
O. T.. Carlson and Mr.. and Mrs. W.
Mitchell also OF Denver. Colo. The
evening vas spent playing bridge.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

This American school savings
bank system is now in ~oDeratioa in
5000 schools o. the country.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
MRS. COZART
CHR HOSTESS

The Lone star club met with
Mrs. G.. O.. Cozart last Thursday.
Roll call was answered with amuse-
ments for children. During the
business session. 10 was voted 20
send Mrs. shaw the president 20
College Station as a delegate for
the short course 10 be held there
the last part CT this month
Mrs. Jarrett gave a very interest
ine demonstration on making TOYS
for children The next meeting will
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

Eight Presidents OF the United
States came from Virginia. Ohso
ranks second with seven.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
DINNER HOSTS
ON SUNDAY

Mr.. and Mrs. J. T. Galloway and
Mr.. and Mrs. j. A. Liljestrand enter
tanned on Sunday with a dinner Al
the LiIjestrand home honoring Mr.
and Mrs. Arthur Gustafson and
Mr. and Mrs. George Mitchell q
Fort Lupton, Colo.
Besides the honor guests those
present were Miss Getive Etie. Mr.
and Mrs. a C. Carlson and Marie
Mr.. and Mrs. o. <. Carlson anc
children, Mr.. Milton LLjesCrand
Neal and Bruce Galloway, Walter
and Stanley Liliestrand-
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

The Baptist Misstaarv Society
met at the home or M campbeiI
with fourteen members sreSenf
The president c0ndhtpd the
devotional preceding the business
session. and after this Mr. 0rNea1
led the Bible lesson, makinnf VERY
interesting by giving the hnriraI
setting OF the books or Jefrinh
Before the study, seals were A.
ed 10 eleven members who WV
pleted the study book. Royal s.
ice The meeting closed with d.
er by Mrs. Nelson.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16

be &C thnA home OF Mrs. H. C.
Carter.
Ice cold natermelon was served
to Mesdames Earl Grass, Delbert
Bowman, LoiaI hughes. II. :. Crock
cit. WI W. WHOM. Clara Hughes.
FL III Adkins. 1R. Barr. Jimmy
Shaw. v. NJ. PAS. John Blake
and Clyde BEEN
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
TWO HOsTEsSEs
ENTERTAIN

Miss FAYE Wilson and Miss Caro-
lyn Cramer we're hostesses on Thurs
4 day to about twenty-five Young
friends az d delightful party. The
guests from Elsa. Enplemann Car
dens and Edinburg met in Edinburg
at A %. m. and went On 70 Case de
/. Swimming Pool near McAllen where
all enjoyed about two hours in the
/ water.
After the swim, a delicious picnic
lunch was served, from there the
/. party proceeded TO the beautiful
+ Cramer home at Englemann Gar
dens, where they found the front
lawn lighted with colored lights.
Sparkles were given TO each guest
and later a number Of lively games
were played on the lawn.
At q late hour the guests were
all provided with pillows. blankets
or quilts and settled down on the
lawn to sleep. In the morning fol-
lowing breakfast, the guests liked
10 the Englemann Club house. After
games at the Cramer home. all
started for their homes going by
way OF Elsa where all were treated
to ice cream BY Mr.. Wllson ~
the Elsa DRUG store.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
INFORMAL
PARTY

"
INFORMAL
PARTY
Mrs. II. r.. Card gave an informal
party for a few Of her friends IN
the way Of an evening at bridge
on Friday last, with a two-table
personnel.
A study Of contract was made. No
prizes were given a. this was
merely a test game.
The guests included Mesdames
J. J. Lissner, Arthur Noe. Terrell
McCloud. Mac Seffell. Hugh Echols-
Weeks Martin and r.. B. Vawter.
DINNER BRIDGE
CLUB HOSTS
The Friday Night Dinner bridge
club met at the home of Mr. and
Mrs. G.. r. Wright the past week
with four tables OF guests.
Mrs. Samuel NJ. Duffie was one
Of the high scorers. while Mrs. VIII
Brown and pearne C0ngdon won
In the spirited contest for the two
crates OF cantaloupes.
Among the out OF club guests
were Mr.. and Mrs. IL. @. Plyier,
Mr.. and Mrs r. r. Congdon and
Mrs. II. c. Jeffries.
PERSONALS
Misses Ona Fay McLane and
Zelda Dorsett returned Sunday
from a weeks stay AZ Campo del
Arroyo.
Miss Betty NTelden is spending
these two weeks al Campo dc.
Arroyo AT the Y. w. camp.
Theodore Manley Melden Jr.
came home Sunday from a six
weeks stay ut the R. %. r.. camp
near San Antonio.
Miss Virginia Gillespie came
from Deckard. Tenn. on Saturday
for q visit with her sister. Mrs
Mcu den Smith.
Miss Dorothy Ferris is visiting In
San Antonio this week
Mrs. . IA. Welsh. who has beer
very III at the home Of her parents
Mr.. and Mrs. ]. W. feathers here
Is improving considerably.
Mrs. T.. Cooley. Miss Vera Cod
hey and Miss Dorothy Swope LEI
for their home IN Houston afte'
q visit at the home az Mr. and
MIS- CONAN wood mere.
The IT 2. Card family and Mrs
Y. B- Ns~tar. spent Sunday in NC
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
BOOK Is
FINISHED

FINISHED
The Methodist Missionary
society met at the church base
ment. with Mrs. Homer Smith
presiding. Mrs. Conan Wood leader
Of the lesson study.
The Turn Toward Peace" was
finished with this lesson. and has
proven a very interesting topic for
discussion.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
GUESTS ARE
O

MT. ana N4ES. n. y. Odt45OA dAld
Mr.. and Mrs. 0. Z. Carlson enter
tanned wednesday evening al the
"A. G. Carlson home honoring their
guests Mr.. and Mr.. Arthur Gustaf-
son and Mr.. and Mrs. George
Mitchell OF Fort Lupton, Colo. Bridge
and Hearts were played AZ six tables.
High score prize in bridge was won
for the n.en by Mr.. d. G. Squyres
and ladies' high score was Q by
Mrs. Arthur Gustafson.
After interesting games, delight
ful refreshments were served TO
Messrs and Mesdames Arthur
Gustafson and George Mitchell Of
Fort Lupton. Colo. Brooks Burke
lew or Weslaco. Melvin Giese. VIM.
George. T.. I. wilson, A. p. Miller.
u. q. Squyres. J.. +. Galloway and
j. w. Carlson. MS. w. II. Moore.
Mr.. Vern Carlson Of Sinton and
Misses Rlenda, Marie and Doris
Carlson.
PERSONALS
u. Z. Stanfield left Friday evening
for a couple Of weeks visit with
relatives at Glenrose.
Vern Carlson OF Sinton spent a
few days the past week visiting his
parents. Mr.. and Mrs. A. c. Carlson.
MIR. and Mrs. VIM. George re-
turned on Tuesday from a trip 10
San Antonio.
X. ~. Brazil of Beaumont Is visit
ing his sister. Mrs. J. Y. Turner.
Mr.. and Mrs. ~. p. Miller and
daughters returned on Tuesday from
their vacation, So nt In Yoakum,
with Mrs. Miller's parents, Rev. and
Mrs. ]. E. Lovett.
Mr.. and Mrs. d. r. Carruth, who
have visited the past week az the
4 p. Carruth home left on Thurs
nav for their home at Dublin, Texas.
Mr.. and Mrs. John Stokes and Mr..
and MRS. ID. M. Graham and daugh-
ters spent Sunday afternoon at
Boca Chica.
Mr.. and Mrs. w. r.. Moore spent
the weekend in Weslaco Wild Mr..
md Mrs. Clifton Davenport.
Mr.. and Mrs. Arthur Custafson
and Mr.. anc Mrs. George Mitchell
II Fort Lupton. Colo. and Mr.. and
Hrs. o. E. Carlson and Mrs. A. G.
Eerlson spent Thursday and Friday
n Point Isabel, Brownsville n
Natamorcs.
Mrs. Joe II. Yarbro has purchased
.omp land on Miles 10 and , JUS
sne-half miles south OF Elsa and
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-16
sByTE

Two circles II the Presbyterian
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-03
Buying for Profit
BY GEORGE T. HUGHES.

The normal sequence of events in a
revlv1ng security market after a long
depression is for bonds and preferred
stocks to lead the way. What generally
happens is that accumulated capital,
seeking safety above everything else,
first finds its way into obligations the
return on which is assured beyond uues-
ton. That is the reason that United
states Government bonds have been in
such urgent demand of late, with
consequent falling off in the Weld.
eventually, investors dissatisfied with
small return on the highest-grade
descriptions, turn to those just a trife
below the best, and the movement
gradually extends downward until it
reaches the extremely speculative type
OF stock. Now, two or three years ago
the theory gained Wide acceptance that
the only profitable investment was the
equity in the enterprise-that is to saw,
the common stock, to which all the
prontS went after the bondholders and
the preferred shareholders had been
SATISFIED. That was the basis for the
wild bull market of 1928 and 1929, with
results SO well known that they do not
need to be reviewed here
The question now is, What shall we
do with our savings if and when income
from the highest grade of investment
OCCOIlACo AldueQudCe IOr our needs?
Shall we jump right back to common
stocks, expecting the market to indulge
In another orgy of rising prices, or shall
We learn from experience and put hard
earned money into something conserva-
tive, eschewing speculation? We know
what we ought to do, but the gambling
instinct is inherent in most of us.
For the minority who will take the
safe course, and, incidentally, who will
surely profit thereby, whatever may
happen to the majority, it is in order
to say at this time that the best results
will be achieved by going slow. If the
savings bank reduces the interest rate
on deposits, say from per cent to 3h
per cent, there are plenty of bonds per-
tectly sound which will give more than
the savings bank paid at its best. There
is not much thrill about buying them.
nor about watching the quotations in
the newspapers, and yet, If precedent
holds, they will surely sell higher as
business RECEIVERS
Copyright, is3D.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-03
APPROVAL OF OIL PROBATION
POLICY MAY ASSIST INDUSTRY

figures Of the preceding week. This fig
ure though, still was far in excess Of
the 10000 daily allowable set by the
Railroad Commission.
Two large wells which blew in last
week and caught fire. the Bell and
Graddy-Stumptf. near Kilgore, and the
Tulsa Oil Co.'S O'Quinn well. near over
ton, still blaZed unchecked DESPITE the
ingenious efforts of expert fire. fighters to
extinguish them. A large gasser brought
in by the Texas & Pacific Railway on
city block 40, in the edge of the town
of Gladewater. was subdued SATURDAY
only after it had threatened the town
with blanket of gas. bringing fear of
another fire such as that a month ago
at the Sinclair No. ! Cole. near Glade
water, which cost nine lives.
Drilling Permits.
Continued activity in Gregg and
Rusk Counties was reflected in SO drill
ing permits taken out during the week.
Activity in the Longvew district was
featured by the blowing in of the T.
& P. gasser at Gladewater, the compile
ton of five other tests and coring of
sand in numerous others. The Magnolia
Petroleum Co. reported five compilations,
three in the Lathrop area and two III
the Kilgore, pool.
Opening of a new West Texas pool
IN Gaines County was seen as a posi-
bility after the Lancreth Production
Co. No. l Nick Alley showed 100000
cubic feet of gas. with some oil. The
test is II miles southeast of the Hobbs
pool of Eastern New Mexico.