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. ;