V
LA GRANDE EVENING OBSERVER "WEDNESDAY, AUGUST 10, 1910.
r
PAGE FOUR
THE OBSERVER
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f BOWE JMf .1 X A XD THE BANKS.
Safe, conservatve bankers of this
date will applaud the attitude Gov
ernor Bowerman las taken. Me says
bankers of Oregon cannot promote
companies outside of the state, and
then place stock of those 'companies
as assets in their banks. - Probably the
per. cent, of bankers who would do a
thing of that kind is smalt, but there
anould be none. The banking truBt Is
sacred. A good bank is only a reflec-
tnt f h mn who run It. - It la B
mirror showing up the character - and
Integrity of the interested ones! .Indi
vidual character counts ,for as much
ln.'banking as it does In the medical
of legal profeBsion, and possibly more
in some cases. ; That 'is why the
"state guarantee" of deposits amounts
to nothing. You cannot under any
consideration legislate honesty into
individuals If they are not normally
'honest. Good banks, do not need any
deposit guarantee, and poor banks are
always a nuisance. ' ';
In promulgating a ruling of the
state banking department Governor
Bowerman says:
"This of course, will have no effect
, on present stocks In the banks. I have
so desire to cause a shakeup in bank
ing circles, but as long as I am In the
executive office It will be my Intention
to see that depositors In Oregon banks
are thoroughly protected against spec
ulation of this nature. I have never
believed In that style of banking.
Where there is a stock that has a per
xoanent and fixed value and pays . a
wp'ir dividend, tbli rule win, of
course, noi oe in erieci. , . . . j
"But where the banker is actively i
interested In promoting the affairs of j
some concern which has a more "or.
lesi shaky foundation and uses .
the stocks of that concern bs an asset,
the state bank examiner has been in
structed to require that, banker to
place money art the, asset in lien of
the doubtful atock security.
"The depositor should have the
' v.
GEORGE PALMER, Pres.
F. J. HOLMES, Tlce-Prts.
F. L. METERS, Cashier.
LA GRANDE NA
OF LA GRARDEi OREGON
Udtcd States
' 'Capital, Surplus and Undivided Profits $200,000.00.
DIRECTORS
0ECSSS rJLLBZB
IT. J. CSVSGB
F. J. HOLMES
W. L. BfiEXHOLTS
F. I SXTEBS
W. M. PIERCE
Wit nr. b rcMtmi ul
itnta ai jot otsIw
Vj I 1 BUY DIRECT AND
jj 'i
windows, eic, oirect irom u. omu i"
c.UIoru. of building n.et and corn
par prices, which ar. actuaiwholesaie.
You or any competent builder win
And tJiat what we aeni yon jm fVl,U
VALUE AND BEST QUALITY: if not.
your money positively refunded.
WE SAVE YOU MIDDLEMEN PROFITS
Bend v list of material you need
and wo will prove thut we save you
from l to 13 on .tho -bill.
On prioo o tTOjwu.
hip anywher.. a.nd f or catalogu.
I
privilege to Invest his own funds In
this class of Investment. In my opin
ion a banker has no right to gamble
his Judgment against the Judgment ot
the depositor and take all profits, If
there are such, and cause the deposi
tor to lose, if the stock proves to be
an unsatisfactory investment."
THE LAND SHARK M1SASCE.
We notice an investigation is on re
garding1 the Hillman promotion , in
Central Oregon, and we sincerely hope
it will be one without fear or favor.
Not knowing Just the merit of this
particular proposition, It Is out of or
der to pass Judgment upon, it. but
there are many land promotions Just
now in the Northwest that should be
stopped. Usually any kind of a busi
ness deal based on land has some mer
it, but so cleverly have the sharks in
this part of the country builded their
game that the investor at so much per
month, In many instances, has no
chance whatever, to come clear and
obtain possession of property that he
has paid several hundred dollars up
on. ,
There Is always a class of men who
want to live by their wits, and very
frequently they turn their attention to
promotion. Now, healthy promotion
is legitimate and right, but Jt is very
hard for the average promoter to keep
in the healthy class. He sees some
thing that he can shade a trifle and
he does It. . The next deal is a little
more so. until finally he has lost all
sense of honor and the game is to un
load something of little or no value
on the other fellow at a good price.
This is being- done daily In Oregon.
Men came here with' stock in foreign
companies and sold it. They came
with patent rights and sold them at
big prices. They came with a hedge
plant and sold, state, rights for grow
ing it. Now the game Ib to sell real
estate contracts In Klamath Falls,
Hllman, or some other Interior point
where no one will ever go to Investi
gate conditions. , ;
This sort of work Is giving Oregon
the name of a fakir's state, and all
good, sound business men should
frown down such schemes.
JOE CANS DEAD.
such cleverness that he was urged to
make boxing his profession. In 1894
Gans began to show the real Btuff in
him and from that time until he fell
before Nelson be fought every light
weight that Bought a battle with him,
and sometimes he took on the wel
ters. After fighting his way through
the eecond and third raters he cbal-,
lenged Franke Erne. The champion
was then if his best and Gans was
forced to "atop In the 12th round. His
eye lid was almost completely severed
and the blood blinded him so that ho
could not see Erne. In their next
meeting Gans won In the first roun-1.
A Crooked Career.
When Gans became champion' he
if. L. BBENHOLTS, Ass't. Cash.
EARL ZUNDEL, fd AssH Cash.
TlGtJAL BANK!
Depository
C. C PENIXGTOX
O.L. CLEAVER
F. B. BTRKIT
facilities ai wife y ffkt
to jm entire atlsretlm.
SAVE AfOViT 1
a m
BODSX.SBCSrS
?oriT
osm
CHlXSBir."
fell Into bad hands and for several
years he was known as the crookedevl
fighter that ever stepped between the
ropes. His greatest fake fight was
with Terry McGovern in Chicago in
1SG0. He had agreed to lay down for
the benefit of a coterie of negro gam
blers, who made thousands out of the
match. Cans tried to quit In the first
round, but was afraid of being mobo
ed. In the Becond he kept his, promUe,
From that time until .his memor
able fake fight with Jimmy Britt in
San Francisco In 1904, he participated
In a number of crooked fights, allow,
lng his opponent to stay so that he
and his backers could -win the round
money. His fake with Britt was one
of the rawest ever attempted and al
most forced his retirement from the
ring. .
Gans placed himself in better hands
however, confessed that he had been
crooked and said be would fight hon
estly, and from that time until hla
last fight, he 'was aboslutely on tho
level. . . .
Gans' one vise was gambling. The
thousands that he made in the ring he
lost at "craps." He retained enough
out of the proceeds of his last fight to
build a hotel In Baltimore, but the
place is now heavily mortgaged.
EN TERfJIIIlL
nnrasin nnnnii
.mtni.3 mum
INCREASE IN; PAY ROLLS IN LA
GRANDE BIG ITEM
Railroad News and Personals of Gen
eral Interest to Railroaders.
Approximately $5,000, or to be more
explicit, one-eighth of the mileage
payroll now handed out monthly by
the O. R. & N. in this city, will be
added to the list of paychecks here
every 16th of the month, if the O. R.
&, N. terminals are moved to Ontario,
as planned. Not alone will the mil
age be increased about eight miles for
every time "out" on the East end, but
additional power and equipment and
additional round, house men will be
necessary. The added 'distance is
about one-quarter of the present mil
age for enginemen, freight train crews
and conductors, or one on the East
end and therefore about one-half of
one-eighth of the entire milage in and
out of La "Grande. This Is an appre
ciable sum, Indeed.; -
Railroad Personals and News. .
Among the Important railroad offi
cials In the city today for a few
minutes was Joel ; L. Priest, - indus
trial agent for the O. S. L. at' Boise.
i J. H. O'Neil, traveling passenger ag
ent for the O. R. & N. Is In La Grande
again today. He has' partially recov
ered Trom slight Injuries received yes
terday morning. .; - .'V
Engine No. 22, located at Huhting-
ton as a switch engine, has been re
ceived in, the local Bhop for repairs.
Engine 209 wenOout as helper for
Number 7 this morning, following a
careful overhauling. '
The wrecker was called out late last
night to right a freight train on a
siding. Engine 386 was backed on the
Biding and was derailed without acci
dent. The wrecker was needed to
straighten matters.
Combine Business with Pleasure.
Take a trip to the seashore and en
Joy the delightful ocean breezes and
pleasures at Che beach, stopping over
at Portland If desired. Special traln
and a special fare. Tickets will be
un sale August 23, and will be good
for return until September 7. A trip
down the Columbia River in daylight
on the fine and fast steamer J. T
Potter, Is one of the attractive features
of the trip. The rates are attractite
. Bl? Aviation Meet
Aubury Park. N. J., Aug. 10. At In
terlaken Field, bordering on beautiful
Deal Lake, the kings of the air are
gathered together today for what
promises to be a record-breaking avla- j
tlon meet Orville Wright Is person
ally ln charge of the program, which
will continue through ten days. Dally
nights will be made by several aerial
stars. Including Walter Brooklns. who
will attempt to break his own record
for altitude. There will also be an
attempt to establish a new record for
a fifty mile night, twenty-five miles to
sea and back. Demonstration of the
in
The Kind
r t
wo
The best lines we can buy are at your
service and we invite you to come
in and examine them
Tuf-Nut Gloves '
Gordon Hats
Nana Tan Shn Rnor nf ih Pod 0'-r2.!!s StcttOH H ts
' ;-; ; Keystone Gorduray Pants ; Standard work shirts
If we laiew of any better lines than these we
would buy them; but we do not. Do you? If
you do come in and tell us about them.
possibilities of aeroplanes for military
UBes will be Friday's feature. , There ,
will also be an amateur day, when .
amateur flyers will be privileged to j
show what they can do with their ma-!
chines. ;
Special Train Excursion to the Beach
To afford residents of Eastern Ore
gon an opportunity for an outing the
0. R. t, N. Co. have arrange a spe
clar train excursion . to Portland, In
connection with their steamers to the
seashoF(North Beach, Wash.) " The
rate fromLa Grande Ib $10.00, which
permits of stop-over of two days and a
night on the going1 trip, at Portland,
as well as a stop-over on the return
trip within the limit of the ticket,
which will be September 7th. The
special train will consist of chair
cars, tourist and . standard sleeping
cars. Make your reservations early.
Ample hotel accomodations at the ho
tels on the beach. Enquire of agent for
further particulars. '
a J. H. KEENEY, Agent.
We sell "the best drugs procurable
at. the closest possible prices. Wu$
you buy of Us yoi can depend upon,
no matter what the price. Newlin Drug
Co. v -' -' .
WANTED Work V day, by strong
young woman. Charges $1.50 per
day. Phone Main 728,
WANTED Pantry girl at Palace res
taurant.
Results your doctor desires wllr be
insured If we compound the presnrip
tlon. Our drugs, Services and prices
are right. NEWLIN DRUG CO.
Land Applications Dented.
Peculiar manipulations of the tim
ber and 'stone act. as applied to the
public lands were brought out In
three cases passed by Judge Robert
S. Bean In the United States court
yesterday morning, says a' Portland
paper. Harry W. Dunn, of Eugene,
lost a Lane county timber claim be
cause the government proved that he
had erroneously proved up on the land
as agricultural, while W. H. Glenn, of
Eastern Oregon, lost his claim because
he had taken agricultural land under
the timber and stone act.
After the government officers had
attacked the patent secured by W. H
Glenn, the defendant being charged
with having taken agricultural and
grazing land under the timber and
stone act. the owner of the land raised
on demurrer the question that the
patent barred the United States from
Inquiry Into the representations
which it was secured. Judge Bean o
9 iOH
That Gives Satisfaction
The Quality Store
y
v ,
Big Four Sox
Patapsco shoes
Political Announcements
This column is open to any candidate regardless of Faction
or Party and is paid advertising
S. F. WILSON, Athena, Oregon, candi
date for Joint senator for Umatil
la, Union and Morrow counties sub
; Ject'to decision of republican pri
maries. "I firmly believe in the di
rect primary law, economy In the
use of public funds, good roads,
betterschools, strict and prompt
enforcement of law, the square deal
and eternal progress ot man and his
institutions."
C. A. BAI.RETT, Athena, Oregon: I
hereby announce myself as7 a candi
date for the nomination for Joint
erruled the contention and tn case
will go to trial on its merits. '
But In the third case' decided the
settler won a clean-cut victory over ;
thespeclal agents ftrtd the office of the t
United Statea attorney. -James II-'-
Fisher, was accused of having filed on j
160 acres of Wallowa county timner
land, after having made an agree
ment to turn the land over to- C. R.
Elliott. Elliott was charged with hav
ing furnlBhed the money to buy the j
land. The complaint was based on the
evidence Of a Wallowa county citizen
with whom Elliott has a standing
quarrel, and who professed to have
knowledge of the conspiracy by which
the land was acquh-ed. Both Fisher
and Elliot denied knowing of the trans
action. The court ruled that the un
supported evidence of the Wallowa
county citizen was Insufficient to
counteract the denials, and the patent
was allowed to stand.
just now everything points to a
lively development ot mines In the
country tributary to Sumpter, saya
the Baiter City Democrat.
Building permits to the amount of
over $80,000 were Issued in Eugene ln
July.
A "catetpfller threshing outfit cut
65 acres of grain ln one day In TJma
tilla county.
Eugene claims to have more street
railway than any other town ot Ita
size In the country.
Large numbers of toothesome torn
cod are being caught near the mouth
of the Colum'bla.
H
Keystone Oeralls
Menzies Shoes
senator for the district embracing
Union, Umatilla and Morrow coun
ties, subject to the choice of re
publican voters at the primary
nominating election to be held on
September 24th, 1910. If nomina
ted and elected I will work for the
Interest of all the people of my
district to the best of my ability.
' favor the maintenance of the di
rect primary law and people's
choice for senator and believe the
people are as competent to nom
inate as they are to elect their officers-
Very respectfully yours,
CI BARRETT.
ln fJve precinct8 in Harney county,
up; to the last weekt not a voter had
registered. EvidenUyJthe people are
not mucM MCited over pollUcs up
tnere;. -'-'-r'
, ; '..'v . .v ;
. Flora, Wallowa county, Is to have
a third' hotel, and is otherwise boom
ing. - , .
FARMERS'BUSINESS
UTE. GIVE PARTICU
LAR ATIENTION TO
THE BUSINESS
FARMERS. WE C0R
DIAILY IHVITE THEfA
TO MKE WIS WEIR
BAHKING HOME.
The United States
National Bank,
LA GRAHDE, OREGON.,