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About The Athena press. (Athena, Umatilla County, Or.) 18??-1942 | View Entire Issue (Dec. 6, 1907)
MONEY FOR IIOMI Investigation of Title Guarantee & Trust Co., Discloses Sterling Methods of Finance. T. T. Burkhart, treasurer of tbe Title Guarantee & Irnst company, need tbe funds of tbe bank for the business of tbe A. C Burdiok company to tbe extent of $40,000, aooording to tbe information gleaned from tbe Investi gation, now teing conducted into tbe affairs of tbe institution by tbe district attorney's offloe. To secure this sum says tbe Oregon Daily Journal, various bills 01 lading for purobasea and ship ments of prunes and a lease on tbe warehouse controlled by tbe A. C Burdick company have been found not ed on tbe books of tbe bank and of tbe Burdiok company. ' Aooording to tbe investigation tbe a. u. uuidiok company was formed for toe purobase of and speculation in prunes grown in Oregon and tbe north west and sold to eastern buyers. The ledger aooounts of the company show tbe stock to have been Leld and tbe proats enjoyed by A. 0. Burdiok, "T. T. o. and "Ourselves." These three accounts were kept open and were raid tbe dividends from snob profits as came mto toe coffers of tbe oompany. The investigation so far oompieted has shown that all of tbe notes given by the A. O. Burdiok company to the bank for the aggregate sum of 140,000. were written in tbe hand writing of T. T. Burkhart, who apparently held tbe largest share of tbe stook and stood at tbe bead of tbe oompany in active operation. Burkbart, from the reoords of tbe oompany, was tbe guiding band in tbe management of tbe corporation, direct ing its movements and seouring its funds. Burdick, who is a Portland man, held tbe title role in tbe conoern, bnt be seems to have been potentially valuable cniefly tbrongb bis knowledge of prunes and how to bny them. Under ordinary business or banking conditions it is nsual to require ade quate and oertain security for large sums of money loaned to any firm or person, bnt in this case this practice seems to have been oast aside for the security given by the A. C. Burdick oompany for its $40,000 of notes is problematical, depending upon market conditions and tbe chances of specu lation. Further investigaion will be made by tbe district attorney's office into tbe transactions of the A. 0. Bnrdick company. An effort will be made to ascertain just how muob stook In the corporation was owned by A. G. Bur dick, bow muoh by "T. T. B.," bow muoh by "Ourselves" and also who came under tbe ambiguous title last named. It is presumed, however, that outside tbe small holdings of A. O. Burdiok, praotioally tbe entire stook of the oompany was either owned or oo n trolled by Mr. Bnrkbarr. If this supposition is trne it will put Mr. Burkhart in tbe position of bav lug passed upon the issuance of large loans of tbe money deposited in the bank to a company wbiob was con trolled by himself, be at tbe same time being au officer and direotor of the in stitution intrusted with tbe obliga tion of seenring adequate security for all money loaned by tbe Title Guaran tee & Trust company The work being done by the district attorney's office in delving into the condition of tbe Title Guarantee & Trust company is exhaustive and will perhaps require three more weeks to complete. The end of the investiga tion, however, judging from what has already been discovered, will bring to light some startling conditions and transactions whiob will be used by tbe district attorney in the trial of the criminal aotion begun soon after tbe suspension of tbe bank against the officers and directors of tbe corpora tion. Badly Mixed Up. Abraham Brown, of Winterton, N. Y., had a very remarkable experience; be says: "Doctors got badly mixed up over me; one said heart disease; two called it kidney trouble; tbe fourth, blood poison, and tbe fifth stomach and liver trouble; bnt none of them helped me ; so my wife advised trying Electric Bitters, whiob are re storing me to perfect health. One bottle did me more good than all five doctors prescribed." Guaranteed for blood poison, weakness and all stomaoh, liver and kidney oomplaints, by Palace Drug Store, 60c. It will be unnecessary to go through a paioful, expensive operation for Piles if yon use ManZan. Put up in a collapsible tube with nozzle, ready to apply. For any form of Piles, price 60o. Said by Pioneer Drug Store. Here's Good Advice. 0. S. Woulever, one of tbe best known merohanta of Le Kaysville. N. Y.,says: "If you are e ver troubled with piles, apply Bncklen's Arnica Salve. It cured me of them for good 20 years ago." Guaranteed for sores, wounds, burns or abrasions. 25c at Palace Drug Store. Pinesalve Carbolized acta like a poultioe, draws out inflamation and poison. Antiseptic healing. . For , chapped hands, lips, outs, burns. Sold by Pioneer Drug Store. Appendicitis Is due in a large measure to abnse of tbe bowels, by employing drastic pur gatives. To avoid all danger, use only Dr. King's New Life Pills, tbe safe gentle cleansers and invigorators. Guaranteed for headache, biliousness, maleria and jaundice, at Wm. Mo Bride's drug store. 25c. S Offers Practical and Effective Means of Securing Depositors From Loss by Bank Failures. In common with many other eminent statesmen, W. J. Bryan has proposed a remedy for tbe banking situation, so far as providing for the safety for bank depostors is concerned, wbiob is gen erally conceded to be the most essen tial thing in order to prevent tank failures and consequent business de moralization. Xo reporters recently Mr. Bryan said : "The administration is prepared, so we are informed, to recommend a pos tal savings bank. While this wonld doubtless encourage deposits and while those deposits could in turn be handed over to the banks, it does not furnish oomplete relief, beoause tbe plan as presented limits deposits and does not contemplate tbe opening of circulating aooounts. Tbe business community therefore cannot use tbe postal savings bank to any great extent, and besides it wonld take some time to inaugurate a postal savings system, and seoure tbe necessary number of employes to make tbe plan effeotive throughout tbe oonn try. I believe it is possible for the government to give immediate relief by an act of congress providing for tbe guaranty by tbe government of all deposits iu all national banks, tbe banks thus guaranteed to agree to re imburse the government for any losses inourred and to make this reimburse ment in proportion to their deposits. Tbe advantage of this plan is: "First Tbat every depositor in such guaranteed banks will feel seoure. "Second The expense of it will be paid by the banks wbiob got tbe bene fit of it, and this expense will be small oompared with tbe benefit gained. "Third It can be put into effect immediately, thus restoring confidence and enabling business to be resumed. It is probable tbat all tbe national banks would be willing to take advan tage of this guarantee beoause of tbe additional security given to their de positors wonla be of great advantage to the bank. During 40 years the av erage annual loss to depositors has been small, less than 1-4 of 1 per cent, so small that it wonld be an insignificant tax upon tbe four or five billion dol lars of deposits. The government would have ample seourity in the oap- ital surplus for tbe banks wbiob would voluntarily join in tbe plan. "Ibe only objection that occurs to me is that state banks might be less attractive to depositors it national banks are guaranteed. But there are two answers to this objeotion : In the first place, there is no reason why state banks should not be proteoted by a similar system under wbioh the state would guarantee depositors in state banks and collect tbe expense from state banks guaranteed." A Real Wonderland. Sontb Dakota, with its rioh silver mines, bonanza farms, wide ranges and strange natural formations, is a verit able wonderland. At Monnd City, in the home of Mrs. E. D. Clapp, won derful case of healing has lately oo onrred. Ber son seemed near death with lung and throat trouble. "Ex hausting coughing spells oocurred every five minutes," giving Dr. King's New Discovery, the great medicine, tbat saved bis life and completely cored him." Guaranteed for coughs and colds, throat and lung troubles. by tbe Palace Drug Store. 50o. and $1.00. Trial bottle free. Bing's Little Liver Pills wake up lazy livers, clean the system and clear the skin. Try them for biliousness and sick headache. Prioe 25o. Sold by Pioneer Drug Store. A Dangerous Deadlock, tbat sometimes terminates fatally, is the stoppage of liver and bowel func tions. To quickly end this condition without disagreeable sensations. Dr. King's New Life Pills should always be your remedy. Guaranteed absolu tely satisfactory in every case or money back, at Palaoe Drug Store. 25o. REPORT OF THE CONDITION OF THE FIRST NATIONAL BANK OF ATHENA No. 4516. AT Athena, in the State of Oregon, at the Close of Business, Dec. 3, 1907 RESOURCES. Loan and discounts ttXi 38 39 4K9SI 11 12-500 00 2 TX 10 10 000 00 888 81 2 31U08 32 774 W 50 07 100 00 108 61 231.56 00 623 00 Overdrafts secured and unsecured U 8 bonds to secure circulation Bonds, securities, etc. Banking-house furniture fixtures Lue rrora jat. uanKs, not reserve agents Due from State Banks and Bankers Due from apr'v'd reserve asents. Checks and otber cash Items Notes of other National Banks Fractional paper currency, nickels and cents. Specie Kecrnrn rana wun u s Treasurer (S per cent of circulation) Total 5 384 0 03 LIABILITIES. Capital stock paid In "0 000 00 Kurplusfund 20 000 00 Undivided profits, less expenses and taxes wild 7 55S09 National bank notes outstanding; 12 800 00 Individual deposits subject to check 17U 86h 65 Demand certincates of deposit 115 000 31 Total $384 629(6 Btate of Oregon, I County of Umatilla 1. F. 8. Le Grow, Cashier of above-named bank, do solemnly swear tbat the above state ment la true to lae best or my Knowieags ana belief. F. 8. Le Orow, Cashier. Hubscrlbed ana sworn to before me this btn day of Dec 1WJ7. 8. F. Wilson, Notary Public. Cob sect Attests I). H. Preston, T.J. Kirk, Directors. 'The r.Socd ij The Life" Science hru never gone beyond thi above simple statement of scripture. Bnt it baa illuminated that statement and given it a meaning ever broadening with the increasing breadth of knowledge. When the blood U "bad or impure it is not alone tbo body which suffers through disease. Tho brain is aiso clouded, bn mind and Judgement are effected, antrWny an evil deed or impure tnoWhtVjrijvW jrectly traced o the Impuntyof the bfotid Foul. Impure brmA can be mid" wire hy the ns nf nr Pierce's OoMph Medical niscovprfTjj W'Ch'es. am iiJixiiiaajj thereby curing, plmpi blotches, eruptions and other cutum-ons affections, as eczema, tetter, or salt-rheum, hives and other manifestations of impure blood. In the euro of scrofulous swellings, en largcd glands, open eating ulcers, or old sores, the "dolden Medical Discovery "has performed the most marvelous cures. In cases of old sores, or open eating ulcers, It is -.veil to apply to tho open sores Dr. Pierce's All-Healing Salve, which pos sesses wonderful healing potency when used an an application to the sores in con Junction with the use of "Golden Medical Discovery "as a blood cleansing consti tutional treatment. If your druggist don't happen to have the "All-Healing Salve" In stock, you can easily procure it by inclosing fifty-four cents In rxtage stamps to Dr. It. V. Pierce, 003 Main St, Buffalo, N. Y., and it will come to you by return post. Most druggists keep It as well as the "Golden Medical Discovery," You can't afford to accept any medicine of unknmrn nimpmUlnn as a substitute for "Gold en Medical Discovery," which Is a medicine 0 known composition, having a complete list of Ingredients In plain English on its bottle-wrapper, the same being attested as correct under oath. Dr. Pierco's Pleasant Pellets regulate and inviorat3 stomach, liver and bowels. Dr. O. F. Heisley Dr. S. Etta Heislev Graduates Am. School if Osteopathy, Kirksville, Mo., Dr A. T. Still, President, Founder. Drs. HEISLEY & HEISLEY OSTEOPTHIC PHYSICIANS Office and Residence Cor. 5th and Ad ams St. opposite Chrtstian church. Days in Athena: Monday, Wednesday, Friday. On Savings We Pay On the Quarterly Balance or 3 On the cTWonthly Balance BLACKSMITH AND REPAIRING SHOP A. II. LUNA, Proprietor. Shop West of King's Barn, Athena X THE jST. NICHOLS HOTEL X J. E. FROOME, prop. X I w I Only First-class Hotel in the City. THE ST. NICHOLS : Is the only one that can accornmoame eomme-cial travelers. Iff Can boiecomended for Us clean and well ventilated rooms. Cob. Maim and Third, ATBXNA.Or. For First Class HORSESHOEING And BLAGKSMITHING Call at the Brick Shop, oppo site Commercial Stable. TROY LAUNDRY For GOOD WORK HENRY KEENE, Agent. Athena. - Oregon. 4o Pendleton's Bo Making Room for a Record Breaking Holiday Trade. Our already Low Prices Further Reduced. On November 7th will open on the second Floor. Bring the Children to to see the largest and best assortment of Toys ever seen in Eastern Oregon, Trains, fire engines, hose carts, autos, Teddy bears by the hundreds. Attached to these are Department Store prices, which mean a saving to you of 25 per cent and sometimes, 50 per cent. & & Biggest Assortment and Biggest Varieties Lowest Prices on all Lines $f Dependable Merchandise Save All Your Cupons The - f(BW liPPf'iii - A CHOICE LINE OF ROCKERS N. A. MILLER, THE TUM-A-LUM LUMBER GO. H. O. Mansfield, Manager Athena, Oregon BUILDING MATERIAL AND FUEL Yards at Walla Walla, Toubhet and Lowden, Wash. Athena, Adams and Free water, Oregon. . v At TOYIUW Peoples Warehouse 4 Pendleton, Oregon 5 eS ay You can make no more useful, ap propriate or acceptable gift than a nice piece of furniture, and how your wife woule appreciate a new carpet, too! I have the best stock of FURNITURE AND CARPETS EVER SHOWN IN ATHENA Over 65 Patterns of Booking Chairs, from Over 22 Patterns of Dressers, from Over 50 Patterns of Rugs and Art Squares, from Over 82 Patterns of Carpets, from, per yard Over 20 Patterns of Stand lables and Dining Tables Over 20 Patterns of Coaches, from In f aot, everything to make an up-to-date Furniture Store. Come and see if 1 am not telling tbe truth. I also have some nioe Portieres and Couch Covers for tbe Holiday trade. the furniture Store Where It you to Trade 2.00 to $22.50 (11.00 to (30.00 (1.25 to (U5.00 400 to (1.60 (1.26 to (21.00 (9.00 to (28.00 Man, Athana. A few doses of this remedy will In variably cure an ordinary attack of diarrhoea. It can always be depended npon, even in the more severe attacks of cramp colic and cholera morbus. It is equally successful for summer dlHi-rhrea and cholera infantum In children, and is the means of saving tbe lives of many children each year. When reduced with water and sweetened it Is pleasant to take. Every man of a family should keep this remedy in his home. Buy it now. Price. 25c. Large Size, 50c. mm