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About Roseburg news-review. (Roseburg, Or.) 1920-1948 | View Entire Issue (April 13, 1937)
ROSFDURG NEWS-REVIEW. ROSEBURC, OREGON, TUESDAY, APRIL 13, 1937. FIVE THE OREGON MUTUAL FIRE INSURANCE CO. Of McMlNNVILLE, OREGON Has Stood the Test of Time and Conflagration It wm organized In 1894 to provide law cost fire Insurance to the people of Oregon. It now operates lit (even western states Oregon, Washington, California, Utah, Idaho, Wyoming 'and Colorado. Savings of 20 to 30 per cent have been made for Its patrons in 1936. Ask for rates and service No obligation. We Write Automobile Insurance , Umpqua Savings and Loan Assn. Is operated'in this office 147 N.Jackson DOUGLAS ABSTRACT CO. INSURANCE SAVINGS AND LOAN ABSTRACTS , . Phone 87 Hunt's INDIAN Theatre WEDNESDAY "Wings of the Morning" Anna Bella Henry Fonda John McCormack , : . ' ' - Ttaaurr mum "1 V4 t19S!wvmr afv tMimmvt" : Look for the Seal of Protection Our feeds are manufactured with VITAMELK, the approved glX Vitamin Concentrate (A, B, C, D, E and G). Biologically tested lor over 9 years. Promoles health, vitality, appetite and digestion early ina tnrity reproduction bigger, stronger, yotmg-disease resistance de creased mortality. ' '' . ' V ; ' nilfl VITiHfM ODATCrTCn Cccnp A n C rrrr rr r- re - ,,.. w kH w-w0 "lit. uuy fb&H4 . Our yitainhwoinforced feeds bays no hidden weaknesses or partial' deficiencies and promote the proper regulation of internal vital pro cesses Thus, the young stock grow more quickly and continuously; tiie lien lays without interruption and -strikes better averages; and the poultry, turkeys, hops and livestock gain more quickly and at a greater saving in feed, labor and time. ' ' : , ' - ' , ' DOUGLAS COUNTY FLOUR MILL ROSEBURG MOTOR CO. Your BUICK and P0NT1AC Dealer Extra value represented in every used Car in our stock, Now is the time to buy trjat good cheap used car. See our specials. ' "' " 1928 Chevrolet Sedan :.?:.S:2. . .$125.00 7" 1929 Ford Touring 95.00 V 1928 Hudson Coach .kJ....:J.;....- 95.00 a Years of Experience j Adding disappointment to the grief of any: bereaved family by' a confused or awkwardly conducted funeral service is' rie ver'worth !the cost, however low. Jiuchser- vices are the resulf. of inexperience. The impressive character of every one of our services are due to un derstanding . . .. acquired by 3 j years' of service.' . . . " ' For Further Details Telephone 112 i DOUGLAS FUNERAL HOME V ... HARRY C. STBAliNS, Director ,'..' . ' . . '-- 201 So. Pino St. - .'. mtmm: HANSEN MOTOR CO. ' , YOOR CHEVROLET DEALER Through the popularity of the new Chevrolet, offers the most com plete line of Used Cora in Douglas County for your inspection. Call us today. We may have just the car you want. A Used Car bought at Hansen's is a :' ' .- Guaranteed Used Cars You Can Buy a New Home for as Little as $25 a Month Including Taxes and Insurance. COEN LUMBER CO. PHONE 121 Bankers of Nation Defy All Indigestion and Eat Heartily After Several Years of Panic ' Business and Industrial Structure of Entire Nation Makes . for Happiness of Those Responsible for Safety, of People's Savings. By.R. KENNELTH EVANS . Bankers of the nation who have found conditions better, , more men and women employed and the genera! peace of mind of the people improved, find that they really have appetites appetites that are much better than they were a few years ago when' their stockholders and then depositors were so restless. UankerB were not eating much from 194U up to the earlier months '. of last year. They bad worries to contend with. They were, not "vor- rylng about much nor losing much i sleep because of the condition of j "' fheifcown business, nut because of the' bueineBB of their clients. As a; matter of1 fact bankers were' -bo-'1 busy worrying about their clients! they had no time for anything; else. ' j "' ' ' 1 -. "'' But today ttiejj eat, Toijay these; '.bankers' smilC aiid liceasKmally: one of them becomes so bolstrous: as to burst' out in a good hearty laugh. Their Indigestion has lin-, proved wonderfully. 'All of . which may be discussed in a. facetious . way today but whan we wsra In , the depths or the depression U was 'no poking mailer. Banks "were popping on all sides so fast the ..presB reports could not keep up wltp tbem. Depositors were, un- easy. Many bad savings of a life time deposited In banks and they were wondering whether the bank would open the next .day. -' flosebur 'may 'have 'been tile exception to the rale, for there was not much of a display of worry here. There may have been a lot of uneasiness, but it did not ': develop Into the hysteria, that as experienced la. other cities. At a '' lime .when it 'looked as though pvery 'bank in the United States would cease operation's llosemirg bank officials kept their beads and solved ' Boseburg's banking situa tion' wlth6ut loss to the dsnesUors, Tha l"ago4ld' advice to not take 1 onf s nusiness cares name ilim iB good" advice but much . easier to give than 'to practice. In those imbuSent days, bankers diil take Mieir troubles home with them. They dlda't sleep much and they ate less. ' ' ' The Douglas National Bank of Hosoburg which had weathered ' many a storm, found Itself ' in Btrategic position to take ears' of Itself and itB depositors in the ex citing days of the' depression tram ' Which the nation now Is.dniergipg. a 'testimonial to the fins steward ship of its officers,- aiid. thefaith In which was, placed In. them by the depositors. - . The 'fii'Bt reBnonsibillly of any .'bank js ' to its , depositors .whose funds the bank hoSds. It is. respon sible Co'the borrowers, to "whom It lias ' advanced crailit; lb tl)e stock-, holders whose . money provides the bank's canital: to 'the community served by the bariki'jtvhieh wtllv benefit by the soundness and cap " able' management of tho institu- tion. It 1b reBpoEBible'tb the offi cers and' employes of the bank,-. ,' The safety of the funds entrust . ed to a bank by all, of, its deposi tors mast 'be -the foremost objec ! tive of the commercial banker, and that bas been the . policy ' of the ' D'ouglas Nntional throughout ttio 54 " years of its service. ' ' ' .."In common with every other form of business, which closely af fects the vast body of people In a community, banking must operate at a reasonable' profit, after the creation of reserves sufficient to safeguard its depositors, it this is to .be accomplished every citizen In the bank's community) has a deeper interest in the' soundness of that institntlon than' merely to de mand banking Bervice on a price basis. He Bhottld support the pol icy that a bank should be adequate ly compensated for the service it renders. ... . ", The Douglas National Hank ba bad a long and interesting career. It was toe' first bunk to bo opened for business between Aibany, Ore aud Yreka, Calif., : having been founded 111 38K3 by William S ihimunrey.'a vohiik lawyer, who cave un the iiractlca of law after bo hud inherited some money, it wasn't' much of a bank as banks may ho classified today, but it served a fine ! purpoBO in those early days. Shortly after aliening the Iwuik Humphrey Bold an interest to W. T. reel, and be in turn sold to S. C. Flint. At Humphrey's deaih G. A. Taylor became, a partner of Flint. Later Hymn a Wolleiiborg bought Taylor's interest. In 1.S93 O. I' Godfrey and Peter Hutiio be came the - owners of the bauk. Those were the panicky days, but the Uuik was sound, and carried on as 11 did In the lust pimlc which we tiave been tdeased to refer to by the more polite name of depres sion. ... In Novembar 1901 11. A. llooth of Gugt'ite, and J. II. Hooili of Kose bui g.- now president of the bank, bought the safe and the good will at tha bank for SW0 and Incorpor ated with a capital of !50,UU0. The bank has enjoyed a healthy growth, its capital having bucii doubled since its incorporation, a surplus of Jstywp has been creat ed; a reserve fund, dividend and undivided 'Protlts totaling at the time of the iast official statement nioro than $37,000. The bank owns Ijrtited States securities amounting to 1342,0110 und other bonds mid warrants totaling (iMS.Otio, and has : cash on hand and due from other banks amounting to ?5f2,800. De posits on December 31, 1936, to talod S1.S12.7SS. 1 ( The presisnt officers are J. H. llooth, prcBidepl; Hnrrlo W. llooth, fice-presiclent; (i. V. Wlmliorly, vice-president; Edwin S. 'Mootb, enshier; V. 1. Micuili, assistant cashier undiGeorgo Kuhlhagen, director. . it is one of the home owned bankB of DouqitiB county ' that for more than half a century has done its fnii shore toward the develop ment of the Umpcpta' valley. ' The officers of the bank arc ' 'wididy kiinwm. thro'ighout tl: T:il- iey. They have clung to t'io pclicy of liberality, in koepin4 witn. gooti bunking, it: ItB Bcrvice to the mcr chimt, to induBir nrtd lo tiie fanner. And that is as it shcttld lie. As a prt t its funcUon in tlio eoncnlq life &f a etiinnuinity the Douglas National striven to give, adequate service to local individ uals ftnd .bnslic'.s enterpVlBe of sue'tabie ehiimcter, but it. aieo is nsiiessary In !t.sBtirir.g pernnv.Hice fpi- .men service to iiiafatai'i a " proper -relaUQUaip blvoc the ' volume -of local loans and tuo to tal of the bank's resources. In-tho-eHrty diys of the Imt'.U, ytten it ,wa9 ft privately operated inslittition. thcro were no Iiiwb governing banking, and tiie ownoiB of the bank nsa-lo sitcii. ioans as they jel.ievort tiiey were wanitnted in 'making.- Today e'ory bank, wiiethor it is operated ti'idor suito or national charter. Is hemmed in by-laws which force Us officers to exercise overy cure iu the handing . of tuo f'.:ndB of ilr depo.dtoiB. . Freqtiutuiy Uanket-rt arc. forced to reject ' un application for a loan, which they bellovo to bo sound, just because i It is not in tune with tiie laws tfoverulng. banks. In the earlte.- days uf the bfuik niunyt capital loans were made, character leans were made; and there are ninny business firms in Ruaeburg and Douglas county who are prosperous today becauso in their beginning thuy had a banker friend wno was willing to help. IteanEieKS of the 'vlHingncs of tho iianker todav, l'CRardtcftB of the character or t,io l:idividoul or Finn gceUing suc-ii ioaus, the bauk hewing to tho lino would bo forced to refuse to make the loan. And wlili i every bank Ix obligat ed to its dcpmillors. to its slock botdurs and to its employes, on tho ether hand the depoBftors lire obli-. gated to tiie bank to keep Mnelr mental balance just a did liio de poRttors r.f the fioiigtas National. Wiib Ilia knowledge that peoiiln all over tiie t';ilt(i Stat'M attain navo their fool upon the gi-oiimi, that tbi.lr faith in bunks and banker has returned, tho hnn-icrs have a woil earned riglit (o llimo big Tiourty niculs ovnry day mid to defy Indigestion to do its worst. s Quaker and Scranton Curtain 65 new patterns to choose from. Panels from 45 cents up. See our window display. McKEAN & BALDWIN Irmmt iSS55 Green Stamp rL Jubilee Weelt JSL Thre is never any effort at this store. to try arid sell cheap merchandise In small quantities aa a leader for a better grade Our entire stock is nationally known and reasonably priced, We give S. o rt. wreen iraoing oiamps. ... MADDOX GROCERY 207 North Jackson Phone 499 IF IT'S SHEET METAL WORK TAKE IT TO SINNIGER'S SPOUTS GUTTERS STOVE NEEDS VENTILATORS CEILINGS MONTAG FURNACES SINNIGER'S SHEET IETAL WPKS 444 N. Jackson St. 0425 The Only True PVf Refrigerant Keeps each item, of food perfectly Note the sketch to the side, it was made under tns direction of a noted refrigeration engineer and proves why ice refrigeration is sen sibls and economical. Place foogs as shown and enjoy freedom from mechanical worries. DOUGLAS ICE AND STORAGE CO. Spring and Snort Pnone 14 MltK.SSSTfttt ioth rwtirrj, Kit PISH SS km m FRUET5 f-i MgrovCBSry tgrovt syr Lodi Treads . . A full circle mofd which applies the toughest camel back to bald fires with exactly the same method used in making new tires and at art approximate aavmg of 50. Watch us do it! HEALY TRE CO. New location North Stephens bae k of postoffice. Here's HEALTH You get it in every pint of milk and cream ... in every one of Umpqua Dairy foods I Serve them often) for heailh for yqur family! , Umpqua Dair Products Phone 38 Sykes and Short Sts. , ; Cream ' r - Cottage Cneese Eco Cream l. Butter pufter M.ik Wifk and Checsfate Drink Steak Pinners " . t.- k. .-. ' V, ) rf " at Our Coffee Shop C Deiicious meats ere served piping hot nt ali nours, anu with qack service. HOTEL GRAND 206 WEST CASS PHONE 155 We liavc been identified with the upbuilding of this community and shall con tinue to be. We believe in it. That's why we are here. " We believe that the money deposited with us should be kept at home. And so it has : been our practice to loan our funds to legitimate local enterprises. 1883 Over Half a Century of Sound Banking 1937 That is the record of The Douglas National Bank. Founded April 1, 1883, as the oldest bank South of Albany, Oreyon, and north of Yreka, California, it is tc-day the oldest bank in Oregon oulfc of Salem, and fhe fifth oldest in the slae, and has jttst this month celebrated its Fifty-Fourth Birthday. . , ' . . , , : ' , STATEMENT . tv ; STATEMENT OF THE CONDITION ' . MAJJHJT.IW . '. As mode to the Comptroller of the C'urreney Murtb 31, 1M7 " : . Capital Slot k - J - , - , ' rttlrjiilts - ,f,y"f"'s . ' KKSOURCKS ' ' '' ';" " Ixians and IJiseomits - -..' - 673.3S3.C1 . Inidliidnl rinflls - - "I.1" ' J lilllted states Securities ;. - 8i2.Sfi.tW lA'poults ... . - , . il-o'iiJ.- Other'DondB and Warrants . - , j. ' : iit,SS3.tfi ; TTr Federal Hoservo Uank Stook- . , 'IJKW.W OKHObltd Si.M..u . Ranklnit Premises : : ...... 1i,WM .. S. II. llooth. IfuHlttil ' I'Mwin H. IkhmIi. (:iisliir Otlicr Kcai Estate u...-. 49,123.s8 - ' liimie W. Iliioili, Viite-I'mnidmit - V. j. Jilwlil, Assftaiant t:aiilr Cash and IJuo from lianks IKP'i f), V. Wmiiimiy, Vlee-l'ioBiditH , , iienmu Kiihihimnn. Idiwtor. . Other itosourccB ..." lOiiiy.i0 On(s of ibo lloma Owned jimiiis of lanmlnH t'uutfty,' hat for timrf Eiiidi i ".' """ ' ' ' Z . ball a enntury bus tmt In ib" lvetiiM,l of llin l.nuiqnn Vmmy, , - '. ' fS,OS,523.S5 MEMBER FEDERAL OEPOSiT INSURANCE CORPORATION THE OLDEST BANK IN SOUTHERN OREGON solicits your business along conservative lines, and promises its best service at all tidies. THE DOUGLAS NATIONAL BANK :. Roseburg, Oregon r The officers of this bank give personal nttention to tiie business of its custo mers, mid are paused to meet or correspond with those who may desire to open a bank account, lliis bank is weli prepared to' care for the needs of its customers by granting every facfJity required in Conserva tive banking. ;
