TWO"
ROSEBURG NEWS-REVIEW, ROSEBURG, OREGON, SATURDAY, JANUARY 6, 1945.
Hoaeburg Neuri-Beviw!
Iuaetf Dally Except Sand? by th
.. . KewAvlew Company, Iae
Member of (h Ataoelatcd Prcsi.
The AuoclBted Press Is exclusively
entitled to th use for republication of
nil newt dispatches credited to It or not
otherwise credited In this paper and to
rights of republication of special dU-
paicnes acre in are aura reservea.
CHAS. V. STANTON...
EDWIN I. JCNAPP
..Editor
Entered as second elans matter Mar IT,
1020, at the postoffica at Rotieburg,
isrcgtm, unuer uci oi marcn , iota.
Bepreaant.d br
OLODAY
New Tork 271 Madison Ave.
Chlcaito-360 N. Michigan Ave. -8b
q Franrlsoo 625 Miirket Street.
Lus Ancolei 433 S, Spring Stroet
Heattle 603 Stewart Street,
rorlland fi20 S. W. Sixth Street
St. Louis 411 N. Tenth Street.
GOOD TO HAVE AND TO HOLD
P U B L t $ 11E BjSf 45)1 A T 1 0
Bubseripllon Bates,
Tlailv. fter veiir bv mall
Daily, 6 months by mall 52.75
Dally, 3 munth by mall .91.90
The Weather
U. S. Weather Bureau Office
Roseburg, Oregon.
Forecast for Roseburg and vt
cinlty: Claudy tonight and Sun
day, with occasional liaht rain.
Highest temp, for any Jan ........71
Lowest temp, for any Jan -6
Highest temp, yesterday 50
Lowest temp, yesterday .. 4b
Precipitation yesterday 11
Preoipitation from Jan. 1 13
Deficit from Jan. 1 -.72
Deficit from Sept. 1, 1944 5.99
RHS Basket eers
Lose Opener To
Springfield, 34-26
The Roseburg Indians took
another one on the chin last night
dropping their basketball game
to the Springfield Millers 34 to28,
tut only, after a second-half battle
.which had a capacity crowd yell
ing Itself hoarse. Three cripple
shots and a couple of free throws
gave the Millers the contest in
the closing minutes of the game
after tho Indians had staged a
rough and tough comeback In the
third period.
Springfield gained a running
sicii-i wiiuji ivtmu unu urnmu
started shooting over the Indian
defense early In the game, ring
ing up seven tallies beforo Rose
burg could break the Ice. Thcl
second . period saw only five
points made three by Roseburg
rnd two by Springfield -r- as both
learns tightened defensive play,
me Miners going into the hau
lime rest period with a lead of 11
Jo 6.
Bailey Dazes Millers
Coming back for the third
period the Millers scored three
baskets In one minute, but Rose
burg halved the time whenYoung,
solving the mystery of the Miller
pass system, made three succes
sive interceptions and ran scoring
solos down the court. The sudden
turn of events caused the Millers
to blow up higher than a V-2
buzz bomb, and the whole first
team was yanked and a second
By Charles V. Stanton
ANE predominating factor of the (ith War Loan campaign
should not be overlooked. That is the manner in which
corporations, investment houses, and other agencies, versed
in financial matters, oversubscribed their quotas in the first
lew days ot the drive. These concerns know good invest
ments. Their response to the offering of 6th War Loan
securities is convincing proof of the soundness of War Bonds.
Public response to the campaign just completed was far
better than had been anticipated. Even Treasury depart
ment officials had the opinion the 6th War Loan would be
difficult to promote. There was a feeling that complacency.
created by favorable progress of the war in Europe would
make it extremely difficult to attain established goals, par
ticularly in the matter of E bonds.
The E bond campaign, it is true, did make a slow start.
but, once under way, it reached heights which astounded!
war finance departments. The German breakthrough prob
ably stimulated individual cooperation in the closing period
of the drive, but the trend was well established before Von
Runstedt's legions opened their surprise counter-offensive.
Particularly was this true of large companies and corpora
tions which had topped their quotas early in the campaign.
Theirs was the largest share in the total amount to be raised,
yet they oversubscribed, and without pressure or special
urging.
If any person doubts the value of War Bonds as good
security the very fact that these large concerns invested so
freely should put at rest any uneasiness. Corporation heads
must be astute in financial matters. When they .buy mil
lions of dollars worth of War Bonds, the individual, who is
offered a series designed to best suit his personal need,
i-hould have no fear that he is investing unwisely.
Douglas county, which has been at or near the top in every
War Bond campaign to date, made another fine record in
the 6th War Loan. Many people are entitled to credit for
exceptionally fine work. The campaign committee, the war
finance staff, community workers, high school students and
numerous others efficiently performed a patriotic task. The
Roseburg Victory Council, a group of business and profes
sional men who by joint contributions to an advertising fund
pay the cost of publishing appeals furnished by the Treas
ury department, is entitled to more than passing mention.
But, obviously, it is not possible to list all to whom praise is
due. Those who actively participated have the satisfac
tion of a job well done, and we know the residents of Doug-
"Whadda You Got That I Haven't Got, Caesar 7"
Ml'
fSpg W (f(f yOT-0oL5M 1
r S t tour million w7' m
V J) vm- mirr for ptnf mm
1 -WJLA'i$- the wm&tf ml
w; el mmmm mm:
LETTERS
to the Editor
DISPUTES ASSERTIONS OF
MONTGOMERY WARD IN
CURRENT L'ABOR TROUBLE
Editor News-Review:
Due to the misleading and er
roneous statements contained in
the advertisements of Montgom
ery Ward and Co.. concerning the
strike by employes of that com
pany. I, as a representative of
organized labor, wish to put the
following facts before the public:
First: Montgomery Ward
claims that the War Labor board
is imposing upon them a closed
slum which thev r-lnim ic iimlnm.
Jas county as a whole are appreciative of the efforts put forth 'ocraiir. 1 wish to point out that
hv himrlrprla nf inrlivirlnnln fn mnkp fho etimnn I .nh there are three kinds of union
. . ..,".... ..security clauses in working agree
marked Success. ; nicnls between the employer and
Rut. iusf. hocttiiAA t.h t.h Wnr TMin rarnmim fmu h..,.,J "'' union. One is the full closed
, , , . ,, , " ' . shop, which requires (hat the em-
concluded is no reason we should stop buying War Bonds, ployi-r hire through the union hir
The war goes on and must be financed. This is one part ot & ZuZtotlXl
the war effort in which we all can participate. We can keep all employe must become mem-
on buying 'bonds without urging, knowing that our money !'"' w",hi" " .sPL'ci'
. , . I, i Heel lime and musl maintain
is safely invested and is available upon need. i nu mlvrsliip in tin union as' a
It has been made possible for us to cash our bonds ""'';''",'' f pmpioynem. Third
' Ot (he union sc.-cunlv clauses in
without difficulty. Wo have been promised tho existing i contracts is what. is known as un-
arrangement will be continued. A great many people took, hTri'ng in'Vhis te St ciim"
advantage of the elimination of red tape connected with I only those who voluntarily loin
converting bonds back into cash, although the percentage j Vp1"' " ''.""."rilfht I!! " ' ' " nlS'y
of bonds turned in was much lower than is generally mem in addition to which die
ronli7iil I employer agrees lo hire union
1 employes if such are available
But War Bonds should be surrendered only when cash is and qualified to do the work re
needed for emergencies. We have been furnished proof I qH!!.- ,.,auu,is,,
mat ine most astute investors recognize men- value, wo
know our money is needed by the government. We should
realize that by accumulating War Fionds we are sal'cgunrd-
"labor busting" In an effort to
run the union out of their plants,
by a company which has a long
record of opposition to organized
labor.
For this reason I feel that die
facts should be explained with
respect to the misleading adver
tisements of this company. These
facts which I have stated on pro
cedure in cases such as this are
not merely union position, but is
a procedure set up by federal law
and can be verified by anyone
who might desire to do so.
Respectfully yours,
RAY LEA
Sec. District No. 7, IWA-CIO
. LT'TI"IT:l!.T ing ourselves against the danger of inflation -mid at tho
themselves
the regulars a chance to steady
The Indians, culling loose with
a rough style of ball-hawking,
quickly closed the gap to come
within two points of the Millers,
i position they held until the last
three minutes ot-play. As (he
game became progressively
rougher, numerous fouls being
.called, Springfield outseored
Roseburg from (he free throw
line and also sueceded in convert
ing three cripple shots to walk
off with the hallgame, (he first I
.league matcn lor either team.
RoHeburg journeys to Grants
Pass tonight for a nonconference
contest.
Uneups:
Roseburg (2H) Pos.i:t4 Sp'gTd
Benson (2) K (li Radraorp
Young fl4) F fill Albright
Kre'l (4) 'J (8) Lake
James (4) S 6l Aunee
Caskey a IG1 Burnam
Substitutions: Roseburg
Harvey, Jaeobson, Collev f2
Atterbury, Stark; Springfield -Roberts,
Jackson 12), Chase.
Courtright (II, Barrett in.
Springfield also took die pre
limlnary, 25 to 19, the game be-
ing. played between die two B
teams. The Junior Millers had
only a one-point lead, 13 to 12 at
half-time. Players, were: Rose
burg Nlbblets. McKarland.
Horan, Gerretsen, Foster, Moore.
11. Marsters, Nichols, Pox Losee
McCowan, l.tllard; Springfield
Clingman. Chapman, Todd, (Jul-
FVig, uender. Thomas. Wood:
Pickens, Rawllngs.
same time are providing ourselves with a backlog to main
tain prosperity in the postwar period.
Ho, we should Bt'Y and KEEP War Bonds. They are
good to HAVE and good to HOLD!
one which die War Labor board
has ordered Montgomery Ward
to comply with. In addition, (he
chei k-olt of dues which die com
pany objects lo is an order of the
hoard, which Is known as volun
tary checkoff of dues. This
means only that employes who
voluntarily notify the company in
WTitillL" ef their desire lo have
their duos withheld from their' H'llIzS Vlc' f'S1'
, ..... I V aire of Pronlii-rt.
KRNR
Mutual Broadoastlng ysUm,
1490 Kllooyolaa.
BEST BF.TB FOR TOI1AY
SATUROAV
ll::IO N'firi.
1::I0 Rett Rvdcr.
:IK hlcano Theatre of Iht Air.
11:1111 Newspaper ot the Air.
HI-NOAV
10:15 Cnmmander 8-oU.
-4::i(l Nli-k Cadlrr.
1:1111 Your AincTlrn.
2:ll I.Al'H Fare the Issue.
J::HI The Shadow.
:4:IHI Quick as a Flash.
:(:!.-, 1)1, k llrnwn.
Mill Karl Wilson.
:l.- Adventurra of l.conjdas
-Wltherail.
7:1.1 Columbus Boy Choir.
K:rl llouiry Carmlehael Show.
I::I0 Uuman Adventure.
MONDAY
1:1111 News.
!i:(l The News and fiahrlel Header.
I::KI l.uiu-henn With Loppi.
1::HI llradllnes In Harmon).
I:::i Carroll Glenn.
Mailt News Wire.
:. Lone Raneer.
X:ilo Here Comes the Band.
K..III Michael Shane. Ueteelivc.
Zivic Given Nod Over
Arnold on Split Verdict
NEW YORK, Jan. 6. (AP) A
return bout between youthful
Billy Arnold, boxing's latest sen
sation, and the veteran Fritzie
Zivic of Pittsburgh seemed assur
ed today on the heels of Zivic's
upset victory over the previously
unbeaten Philadelphia high
school student, who gained prom
inence with 28 knockouts in 31
bouts.
The 31-year-old Zivic, a 5 to 1
underdog, gained an eight-round
split decision over his 18-year-op-ponent
here last night.
Arnold, who at 144 pounds gave
away nine pounds in weight, car
ried the fight to Zivic throughout
the eight rounds and in one
round ,the third, apparently had
Zivic in a bad way. He punched
away at Zivic's body and landed
his famed right hand punch sev
eral times, but Zivic shook off
its effects and came back strong.
OPENING
CAMP VIEW CAFE .
' HIGHWAY 99 NORTH
SAT. NITE. 6 P. M- TO 1 A. M.
WITH , j
DINE AND DANCE
The) same good meals. At the same' low prices.
NO COCKTAIL BAR
REMEMBER
For PAINTING: inside or outside
FURNITURE refinishing
STAINING and GRAINING
ROOFS, Spraying or Brushing
CALL STEVE
Phone 524 (if no answer call 775)
Steve's Paint Shop
PAINTING CONTRACTOR .
41 1 PACIFIC BLDG. t, P.O. BOX 109
ROSEBURG, OREGON
ALL WORK GUARANTEED
olan Beats Lindsay.
SPOKANE, Jan. 6. (API
In a set-to fraught with action
from start to finish, Joey Dolnn,
Spokane claimant lo the Pacific
coast featherweight champion
ship, lust night edged out a deci
sion over Ken Lindsay, 124, of
Vancouver, B. C, the Canadian
bantamweight titlist.
There were no knockdowns.
LUMINALL
THE EVER POPULAR WALL PAINT
THE ORIGINAL COLD WATER PASTE PAINT
Now is d good time to redecorate. The dull days of
winter are coming. Retint those drab walls and bring light
and cheerfulness into your home.
Price: Gals. $2.1 0 Quarts 65c
LUMINALL
The Contractors and Home Owners Friend
Sold only by the
Cesil Lumber Company
Phone 121
HEM A IN ING HOURS TODAY
4:00 - American Eagle in Britain.
4:30 nvlnjt High.
-Mimic.
3:15- Music for Remembrance.
5:.t0 Detroit Symphony Orchestra.
U-.'AO- News.
-" Freddy Martin's Orchestra.
7:00 Stitr and l.m;il Newt. Kerl Mo-
Iwr Co.
7:0.- Musical Interlude.
7:15 -Dinner Musir.
7::JU- Hed Hyder.
Jt:00 Chieaco Theatre of the Air.
Jl:l."i Servlcr K.ilutr, t. (i. IIiRl..
:;;u Hn.igy Carmh-harl Show. Table
10 00 - Sign off.
SI'NUAY. JANUARY 7. IJllj
Night New Wire. Studs-baker.
:00 Gabriel If ratter, Kreml.
6:15- Dinner Music.
6:,' Dinning Sisters.
fl:43-- Music.
7:01) statr and local News, Keel Mo
tor C.
7:05- Musical Interlude.
?:l Lowell Thomas, Standard Oil Co.
7 ;t0-- Lone Hanger.
K:00 II ore Comes the Iland, Douglas
Hour Mill.
X::tn MU-harl Shanr. Cnlon Oil Co.
';fllt Alka Srltirr Nrws.
ft:l. Hi N'eiehbor, Caritteits Furnitarc
st.trr.
o :H - Enoch Light's Orchestra.
9:4.1 Music for tho Night.
Hciio sherloek Holmes, Tctrl Hinc Co.
Hi:.IU ainn on.
SEAL PLANT FOR
POWER SET WORKS
5 horse-power Air Cooled
Fairbanks Morse 2-cyllnder Engine
Compact 100 lbs.
BUY WHERE YOU SHARE IN THE EARNINGS
DOUGLAS COUNTY
Farm Bureau Co-op Exchange
ROSEBURG. OREGON
1SJ45. The city officers arc
George II. Aker, Sr.. mayor; A.
M. Verrell, recorder; Mrs. Mar
vin Cornult, treasurer; Thomas
IT. Ireland, N. Kchartncr, Ray
Norton, ft. l. Chanev. G. H.
bates, II. K. Aliliotl, II. M. Shin
cllir, councllmen; Roy liedford,
marshal. Dr. V. L. Adams wtis
appoinlcd as chairman ol die city
committee on health and sanita
tion. Recovering Nicely Miss
Mclba Leonard m Koscburg is
reported to be recovering nicely
after recently undergoini
pendeclomy at Mercy hospital.
salary w ill come under the check
oft" system. This type of union se
curity provision can by no stretch
ot tlu1 imagination tie called a
closed shop, as every requirement
in il is voluntary oif ine part of
till' etnplnv-e.
Second: Willi respect to the
company's claim dial il is undeni-
loctatic to sign this tpe of agree-
l-ejs I'-taatp
'P' I inenl. the lollow iug facts apply
lo cstaniisli a Dni-gaining agency
iinuai under die f-air La-i
Publisher
1 Jelly
2 WinKlike pni
3 Units of
Icustli
4 Stale
a Brought ni
6 Lampreys
7 Short sleep
8 He was a
famous
9 200U pound.
10 Five imd lic
18 Rodent
20 Kxcitement
21 Street (ah.)
22 Kither
Washington, Oregon Win
Basketball Loop Openers
The universities of Washington
nnd Oregon ride atop (he north
ern division, coast conference,
rage standings today but their
liold Is weak. .
The Seattle five narrowly
Mjueeea out a 4H-4S win over
'regon state, and Oregon ,came
from behind for up even narrow
rr 42-40 triumph over Idaho. The
teams will meet again tonight.
1 r .
New City Officers at
Creek Seated
Myrtle
MYRTLE CREEK City officers
ere sworn In to servo two vear
terms. -when tlw city cyutHl rnrth 57 HI Journal
HORIZONTAL
1 Pictured pub
lisher, Gordon
1 1 Beverage
12 Space
13 Female deer
14 Tangle
15 Howl
16 Tavern
17 Erbium
(symbol)
19 Doctor of
Science (ah.)
20 Near
2 1 Therefore
23 Egyptian sun
Rod
24 Accomplish
!.. Prl.il ....... ,.,i
27 Give credit " An1 O-aUnt
20 Muko speech
31 Kitten's calls
35 Guide
39 Biblical
. pronoun
40 Indian army
fab.)
41 Symbol for
gold
42 Behold!
43 Notary publii
(ab.)
44 Pair (ab.)
46 Doctor (ab.)
47 Seed
container
49 Fuel
51 Born
84 Upward
(comb, form)
SB Nevada city
56 Anger
was a lcadini:
VERTICAL
t fS'TD
m Insist 1n I'rM
U S ARMY E.C'kLg
HI l' iri-L !i
niviunsi IR.LOIS
-1 v 1 1 . ' 1. . V
L L El 'M
J ; i A - t
m
1
ti Myself rlnth
United Srr u c.ifl !iitcrn;! on.-.
Orpauizytion
I. ib
30 Dined
31 Min:
32 Eire-trie;;. ,
Gineor i.ib )
Apo; tuu-
Ti oe id
.15 Sorry
Mi Vesolnble
Mrasuvo of
Ian guy hp
11 KqtuW
t 1 Posit ion
tT Kitt-hMi
I'tr.iM.
13 In. I idu.i!
in For
ro Uppi'i iuo&t
part
'2 Ilffoic
yA Kor (tontr )
ut
fa" rcT -J
jT ul 33" liT :T JtT " L' aSI
"1 M Si IT """"
-4 1
m vT r 50
Kin- ii 1 ti 1-1 .-..- ....1 -. ,.r
;(-mpU.-: iriiisl rUslfnjito that un-!
lun. liirmi ,1 an pltM-tiun niuluct
I rei hv - X.itional Labor Rrla
I tiiHiA t;i.,ud, ;ts their bargaining
apeiu-j . rt. inncraey has always
I heea hj-.-d inxjii a majority rule.
1 Th" :ii.n:iri!y of employes at
1 .hMitLriMne,- Ward, al tho plants
.v h.-re th e sirikes are now tak-
irr: pi.. ". ti,tc so expressed thrir
)f-:ir" h represented by the
, lini'-n "id h.tve asked of the eom-
!..: ision tor union sertir
' 11 hnr working arrt emcnt.
fe tl iiif.'ests of coiitituied pro-
.'. e: in:i 1 ii uils a 1 periou hip
a ai ...itmr board was set up as
:viinir.elil aeney to etlle
.i.in'''s .irisin between the man
. n.i-iit and labor without stop
I j;e- of work. When the man-
cement and the union cannot
j airoe to an amicable settlement
j 01 disputes by ncK.it fal inns the
j m. liter is then reterivd to tho
hoard, where both parlies have a
I rijiht to present their ease on the
I (Uip:-iioi. involved. I'pon this evl-
drnee submitted by both sides tho
.beard then recommends what
I settlement .should be made by
hr.th partio. This htvird is itini
j posed of rijiuJ reoreventation
fiom botli l.dior ,;nd nianauement
;ind a nu-mber representniL: thr
j public. ls duties are to settle
; such diput;s on .is equitable a
oasis ;i.s possible. When any com
pany will not abide bv decisions
rendered bv this IxMi'd. then or
Lianied lalnr has reeourse to but
one thine and thul is the eeunonv
h pressure they can iitit on a
company through a strike. .
Montgomery Ward is not sup
port. iih the demon atie action of I
I the maturity of their employes
j hut are supibrtintf the minority i
group who out not c noose to bo
:tn Votrr of Proplicr
"" i-iisrim Hour.
::Hi l.uthrrcu Hour.
ID nit Alkn SHlirr Ns.
f:l."t Comntaiuli-r Scull, O rM lint-ntt
fl::ii II cokey Hull. Cln,o.
lt:imBuptUl ( huroh Srrvirr.
I (:() Canary IVl Shop, Ifurli ytt.
--- Voire nf the Uairv K.irmrr. Amrr.
ran Iliitrv Am'ii.
V2:30- Nirk Carter.
I:ti Your Antrrira, 1'nioii rai-lfi-Rallrouil
Co.
t.riO- Name That Snna.
Lrl s Face the Issue, ( hesikprake
J:'.V -Tho Shadow
HAH. quirk a a Hath. Ilrlhros IV.it eh
Companv.
:i.:w -Music
:i:l.t li k Drnnn, hnrm I'il
4 00- Clevplnntt Svmph.mv
4 :v Dr Floyd Jcth'ismv
"1 00 - Mcdi.it ton B.iard.
.:!. fUhrlet II caller, lUrhiiNol.
HUM) Steel Horizons.
('otirl,- Foster, mi lo 4m Ortiiip,
H IS Paul C.irson.
7:lo Farl WlUnn fiei-eral t'lfar.
I.. Leon Irian Wilhernll.
7:43 - Columhus Hov Choir.
11:00 Music Uoprt-viatlon
H:Mt llnacv Carmlrhael Show Tahle
Prndnrlv
U-.nn Alka Seltrer Se
P: 13-Stardust Snrcnariv.
PM'I - Human Advenluro
iit:i.O old Fahionrd Reviwt Hour
lt:00 -Sign off.
I0:0() Sherlock Holm ft
MONDAY. JAMI'Abv a inj-x
Ci:4S Yawn Patrol.
(i:.t.l Srhrli-ker Ant-linn.
Iron News. .1. V Folder Co
1:f. Ble anil Shine. Smith
:.i0 Siatr and Loral Newt. Rorhir
Optiral.
t:X 3n4d Furniture
7: to Al s Roselturx Auction.
7 45--Rhapsody in Wax.
jtrOO Pr, tout Trxlhot, l.n Anceles
BlbU Institute 'AllC-KOOS.
n - Wally Townsend'-s Orchestra
(I 45 E;is.v Ltslrnin1
:H0 The News and Gabriel Mealier.
Kreml.
-t3 Man Ahi.nl Town
9-U. S. Naval Acndcnn Band
:4.'i Shoppert. (iulde.
9 55 Music.
Mi on Alka Seler New
!!i;,...iM":'',t l"'''. 1"drrn Furniture.
10:. LunchHin With I opo
0:4ft -Mtisirnl Market Maskd
lt.ao.ltieel of Fntlune.
It 45 Morning Melodic
U.ini Muslnit Interlude
t f iporl Inhirt TranWfr
12 1.- -Treasurv Song for Today
12 JO Rhvthm at Random.
II jn sialr New.. Hanen Mtnr.
13 45- Neu-s-Rcvictt Oi. Air.
.Terminal Market Reports, Sl ft
IW- Miniature Concert.
1 15 -Sentimental Serenade
1..QV Headline tn Harmony.
3on Mi.cm1 Hl-Jink,
2 l Music.
2.43 -Western .Serenade
Too-Praver.
3 01 - Crtfftn Re port in
S:l. Hur.tr Records. Ilenninfers Marts.
3-45 Joht;on Famtlv
I nn Fnltnn Ltsli, Jr.. ri.th f'nemt
ral Co,
4 15 Tune Tabloid.
4 .art-Carroll filorm
4 4a Church ot Chtiat.
wms memirs oi th; union. This ' i. &m Har. a. w. rie ttats.
is done lor the tule pui-pose of JitiSLI'Siu; ut-. r.rm
S. J
M.
DIRECTORS
Shoemaker, I'res.
E. Rittcr, V.-Pros.
II. O. Parprotcr, Sec. & Mr.
A. N. Orcutt, Atty.
Guy Cordon, Atty.
V. J. Micolll. Treas.
Kdyth Gilmour,
Asst. Secretary
i & If f I
DIRECTORS
G. V. Wimberly
C. E. Wimberly
B. R. Shoemaker
W. F. Harris
X. Kullerton
Dexter Rico, Ally.
REPORT OF THE CONDITION OF
The Umpqua Savings and Loan Association
Roseburg, Oregon .
Year ending Decenmber 31, 1944
LIABILITIES
RESOURCES
Xolrs .sccii it'll by l. It. Loans S239.5I1.C2
Notes scciiivd by iMoi-tgagos -11.700.00
Sale ContVat'ts 27.803.99
Federal Home Lonn Bank Slock 5.000.00
Govprnmcnt Bonds . . 175,000.00
Home Oftii-e Buiklinjj 24.000.00
Advanced Borrowers 1.1S2.03
Cash on Hand and due from Banks 76.175.21
Total .. . 5S93.-102.88
yiate of OreRon.
ss.
County of Douglas.
1. H. O. I'aiKrter, Secretary of tho above named association, , solemnly swear thai the
above statement is true, to the best of my knowledge and belle r.
II. O. rargeter, Secretary
Investment .Slock $523,G!7.67
Loan Stock 24,007.10
Contingent Reserve 17,412.34
Surplus ' 7,981.00
Deferred Profit 3,173.21
Other Reserves 115.51
Building Account Reserve 8,200.00
Undivided Profits 8,785.45
Total 5393.402.88
Attest; Sam J. Shoemaker, President.
Subscribed and sworn to before me this 6th day of Jan., 1945.
W. F. Harris.
Notary Public for Oregon.
My Commission Expires November 30, 1948.