<Thr Cnttaur (brtwr ùntine!
VOLUME XXXI11
PROCTOR SUCCEEDS CRUSONAS
CAPTAJNOFCOMPANYD
COTT APE GROVE, LANE COUNTY, OREGON, FRIDAY, APRIL 27, 1923
NUMBER 33
I
IMPROVEMENTS IN LUMBER
INDUSTRY HERE TOTAL
LARGE SUMS EACH YEAR
OIL IS TO FLOW WITHIN YEAR
CADILLAC HALTED HERE BY
G. B. PITCHER WAS STOLEN
OAR FROM OAKLAND. CALIF.
Improvements in the sawmills
The Cadillac car halted in
of the city and surrounding
Dr. Olson, Who Says Cottage Grove Is the Last Place He Would Make Promises Which
Retiring Company Commander in country are so common that they
this city last week by G. B.
He Could Not Fulfill, Prepares to Drill into Mount David and Assures Success.
Pitcher was a stolen car and is Ftve Old Men Back and Yoncalla
attract little attention, yet in
Military Work 18 Years; Rank
Talent Secured; Much of Success
the
property of 8. J. Newman,
the
course
of
an.
ordinary
year
of Major Is Declined.
.. ........................
■
■
■
.................. -
of Oakland, Calif., according to
Depends on Catching.
they probably
__
aggregate
$100,00
Where once the city of Cottage three-hundredth interest in the en­ he hud not before covered.
He word received here. The car,
or more. A similar expense for
Grove
stored
its
water
aa
oil
well
tire
proposition.
No
less
amount
with
two
occupants,
was
stopped
tramped these same hills years ago
First Lieutenant George A. Proc­ improvement in any other indus­ is to be located and from it is'to
sold, but several may combine in while pastor of the Christian church here upon complaint of Sheriff
With five of last year’s baseball
tor was elected captain of company try would attract considerable flow prosperity for the city and is
buying
one
unit.
The
certificate
here,
he little thought of 8tarmor, of Roseburg, who noti­ team and some of the best men
D, 180th infantry, national guard of comment. Within the past few its people. Drilling is to start in­ of ownership contains a guarantee such a when
thing as oil fields. He has fied Deputy Sheriff Pitcher that who played on the fast Yoncalla
Oregon, Thursday night, succeeding years several mills in the Cot­ side the old abandoned reservoir that the money will be refunded
found one creek where the still the men were driving without a team last year signed up, Earl Hill,
tage Grove country have been
Captain Claude C. Crusou, common
which crowns Mount David just as in ease the investment does not water is always covered with oil. license. Pitcher took the men to manager of the Cottage Grove base­
der of the company from January remodeled, repaired and im­ soon as machinery can be gotten prove
profitable. According to Dr. When this is cut with a knife it a hotel to await the arrival of ball team, has announced the first
proved until they rank among
12, 1922, until recently resigning.
here. That is the statement of Dr. Olson's statement this gnarautee is instantly reunites, which is said to the Douglas county officials and workout of the season for Bunday
Captain Proctor appointed Second the best in Oregon, all without David Olson, who has predicted a backed with $2,0UU,UUU to $3,000,000 be a certain sign of oil with a Jameson, the man suspected of afternoon.
Grove will play
Lieutenant Clarence Milne us first ostentation or heralding of hundred oil wells for Cottage Grove worth of property which is growing paraffin base, while vegetable oil, stealing the car, escaped by the season Cottage
opener in the Lower
lieutenant, First Sergeant Herbert trumpets.
As au example of how im­ as the result of his examination of more valuable each day. He states which often is found on creeks, is climbing from the window of Willamette Valley baseball league
W. Lombard us second lieutenant,
the geological formation of this sec­
his room while his companion with Yonealla in this city May 13.
within a few years he expects more slow to rejoin.
and Sergeant W. O. Wilson as first provements at the mills are con- tion and his tests with four oil-find that
to make not less thau $10,000,000
The old men back are Cutsforth,
Indications of gas were found slept.
tinually in progress, the Western
sergeant. .
tug instruments owned by himself, out of the
At Roseburg Sheriff Starmer Heck, Hill, Cellera and Walt Smith.
business for the years ago whon a well was drilled
About 60 men of the company, Lumber & Export company has his brother, Carl A. Olsoa aad thoir movement to oil
which he has dedicat- at the Cottage Grove Electric com­ first became suspicious of the
Included in the uew material on
almost tho entire membership, were installed another boiler, J. H. associate, W. A. Sage, all of whom ed his life.
pany 's power plant. Dr. Olson says men when he interrupted an au­ the squad this year are a number
present at the election and at the Chambers is installing an addi­ make the statement that . all tho
If
all
the
units
in
tomobile
petting
party
uear
that
of
players who come with experi
the Cottage that this is an indication that there
inspection which was conducted by tional boiler and the Walter A. profits from their various oil in­ Grove leases wore to be
sold the will be gas to force the oil out of city. At that time Jameson, the ence on college and high school and
Adjutant General George A. White, Woodard mill is installing what
terests are to go to the support of amount of $300,000
driver, tried to get away but small league teams. So far Man­
be real- the ground.
commander of the national guard of is probably the most powerful the Christian Americanization move­ ized. It is understood would
that it is the
The uncanny mysterious instru­ was halted by the officer who ager Hill has signed up O. E. Crotrs
Oregon; Captain Thomas E. Rileu, donkey engine ever to be re­ ment, of which the first named is intention to sell only the
number re­ ments used by Dr. Olson in locat­ suspected him of having booze in and Herb Irwin to handle the re­
162d infantry; Major Eugene Libby, ceived here. Each of these im­ secretary.
quired to bring in the first well. If ing oil also are designed to point his possession. Jameson did not ceiving end of the game. Much of
means added produc
commander of the first battalion of provements
“ My instruments have never failed the sale of 100 units is required, out flows of water and mineral have a driver’s license and was the success of the team this year
the 1861h infantry; Major J. V. t ion.
J in thousands of tests. With them producing $100,000, which is esti­ deposits.
They are constructed cited to appear the next day. depends upon the work behind the
Schur and Captain Rufus Boylan,
Mr. Sage located the famous Signal mated to be the maximum likely to to do this, Dr. Olt-on states, When l;n failed to show up an bat and fans are eagerly anticii ipat-
United States army.
Hill field and lost millious because be required, Sage & Olson Brothers so that no mistakes may be made. investigation was started and the ing the first workout to see 1 how
Captain Crusou resigned on ac­
he let the information leak out; will retain the other 200 units and Different combinations of chemicals liceuse plates on the car were Crowe and Irwin handle themselves,
count of the press of business af­
Crowe has never played here but.
these instruments locuted the Hunt­ the profits from that number of are used for the several purposes. found to belong to a Ford.
fairs, although he hud been offered
£1 while a student at Eugene high
ington Beach oil fields, they located units, or two-thirds of the whole, Mr. Olson states that only the fact
promotion to the rank of major if
school made quite a name for him-
a producing well which we own at will go for the support Of the that many do not believe his in­
he would continue in tho service,
self.
Half Moon bay, all of these in Call Americanization movement in which struments will no what he says
according to announcement of 'Ad
“Hun’’ Thompson, the kid pitch­
are interested. There will be they will saves him from harm and
jutant General White at the elec­ Citizens Will Be Asked to Authorize fornia; they located a large part they
er from Creswell, Joyslin and Tur­
provents the government front con­
no
trouble
Dr.
Olson
states,
as
soon
of
the
Winnett
field
in
Montana,
tion Thursday evening. Few knew
pin will populate the mound. Joys-
Bond Issue for Proposed Now
they pointed out for the first time as one well comes in, to bring about fiscating his instruments and tak
of the offer of promotion which
lin formerly played with Eugene
the Salt Creek fields in Wyoming, tlie development of the entire tract ing over all the oil fields of the
Municipal Buidling.
Captain Crusou declined until the
high school. Last year, when Yon­
one of the most famous in the of 3000 acres. He uses no “its;” country. Since Dr. Olson's instru­
announcement by the adjutant gen­
calla finished third in the Upper
ments have become the subject of
world. There is oil here. The first it is always “when” we get oil.
eral.
Organization on Shoul valley league, Turpin was the star
Questioned as to why he did not so much comment, it has been stated Burden
The proposition of a new city well will be sunk where tho indi­
Captain Cruson, who had been a
hnrler of that aggregation and the
ders of Few; Body Was Once
instruments at a that the large oil companion have
member of the Cottage Grove mil­ hull will be put up to the voters at cations are strongest and at less sell his oil-finding
equal of any pitcher in the league.
figure, he replied that he for years experimented with oil
Very Active Here.
itary unit since 1910, had boon in a special election to be held iu the than 30UU feet we will strike oil fabulous
Smith aud Earl Hill are out for
believed tBe ultimate profits would finding instruments.
military service for 18 years, his near future. The amount that will in paying quantities. There can be be
first base. Smith has been playing
Geologists at the University of
first enlistment being in troop A, be asked is $30,000, according to a no failure and the personal fortunes oil. larger from using them to locate Oregon have said that the geolog­
of myself and my associates are be­
Cottage Grove grange has sur with a middle western team and
cavalry of the Oregon national decision of the city council.
Questioned as to why he allowed ical formations here are not those rendered its charter and has dia- Hill has for years guarded the in­
At the same time a measure will hind my statements. We will abso­
guard at Lebanon. His next service
to go in pith him upon such in which oil is to be found. People banded for the present, Lack of itial sack for the local team. He
included two terms in the First bat­ be submitted to repeal the electric lutely return in full every cent in­ anyone
proposition as he says this of Cottage Grove do not care interest on the part of those who once was in league baseball.
talion of engineers, regular army, lighting bond issue of $50,000 voted vested with us should we fail to a is sure
“Skinny’’ Hargreaves, former
here, he replied that he and his whether oil is here or not, so long should be interested in the work of
get oil in merchantable quantities.
fiotn 1902 to 1908. At the entrance two years ago but never used.
University of Oregon varsity base­
An amendment to the charter giv­ The people of Cottage Grove arc associates were unable to now as oil wells are drilled which pro tho organization was giveu as the ball man and coach of athletics in
of the United States into the world
all the propositions which duce it, but there is eminent author­ reason for this action.
war, Mr. Crason was the first lieu ing the council power to form elec­ supporting me splendidly, but should handle
they could got hold of and that he ity to back Dr. Olson's statement
The local grange at one time had the local high school, will be out
tenant of Sixth company, the Cot­ tric lighting districts will also be should they fail to furnish suffi- liked
that it is here. He explains that more than 300 members and was for second base. Hargreaves played
to
give
the
people
of
a
com
­
1
will
get
them
else-
cient
funds,
submitted,
as
well
as
an
amendment
tage Orove unit of the coast artil­
munity an opportunity to show their there is a difference between ordi­ among tho largest in the state. In with the Lower Columbia river
lery corps. At the time of his dis­ to take from tho council the power where.
faith
in their community und to en­ nary geology and petroleum geology, recent years, however, the work of league last summor. Walt Smith,
to
sell
the
west
sido
watershed.
going
to
have
an
oil
“
You
are
charge, at the cluse of the war, he
another last year's man, is also out
All of these measures have been well inside of a year, probably iu joy some of the profits of their own und that petroleum geologists say keeping up the organization fell for
was captain of the regimental sup
the second sack.
much less time than that, und U" natural resources. I have no reason I hat oil formations are here. Such upon the shoulders of a few and
ply company of the Twenty-seventh submitted by the council.
Roy Hock, high school star, and
Tentative plans for the proposed soon as we strike oil thousands will to be selfish for I have more money a one is D. C. Livingston, professor these few decided that they would Hamilton,
coast ariillery corps.
shortstops, are two good
of geology at Oregon Agricultural
Captain Crusou was the senior new city hall are that on the ground rush here to puncture the surround- than I need for myself and all my college. Another iB Robert E. Camp­ no longer carry the burdens for the men out for the team. Heck played
go to the movement in which
many.
captain of the 186th infantry, of floor shall be the recorder’s office, in country with oil drills. 1 1 profits
am interested. My movement will bell, geologist of national reputa
Several successful fairs were con­ with the locals until they disbanded
which there uro four companies and council chamber, city rest room, stake my honor and reputation upon
more from this method, I be­ tion.
ducted during the early years of last summer, theu finished tho sea­
a headquarters unit in Oregon, com­ fire hall and firemen’s dormitory. these statements. 1 came here at profit
Professor Livingston has said: the grange, which was organized son with Yoncalla. Hamilton ¡ b a
lieve, than from hogging the oil
posing the first battalion. The other The city library would probably be the earnest solicitation of President fields
“Oil deposits even richer than those about 12 years ago. At that time new arrival from Idaho.
which we find. ’ ’
placed on the second floor and there Sunderson, of the Eugene Bible uni
units of the 186th are in Idaho.
Cutsforth, Davis and Randall will
Dr. Olson, who has headquarters which are being operated in Cali property was purchased for the
Captain Cruson has been recom­ would be a large amount of space versiiy, of whieh I am three times
Eugene, visits lie... each day in fornia lie beneath the surface of erection of a hall and cooperative be seen at third.
mended for a mujorate in the re­ for a community assembly room, as a graduate. He is bucking us in in
In tho outfiold Cellera is another
lands in various parts of Oregon.
serve corps of the United States well ns for office room for other what we are doing. He got us here his campaign to sell ownership in Oil may be discovered at uny time. store, but nothing was done with it. one of last year’s men who went
the
oil
leases
and
reports
that
no
This
was
disposed
of
before
the
or-
because
lie
knows
what
we
have
army and has also been honored city officers, sueh ns tho city at­
True, three attempts in drilling for
The last to tho Yoncalla team after the local
with life membership in the military torney and oity engineer. In the uone elsewhere. A well will be one visited has turned the proposi­ it have proved unsuccessful but this gauiznriwn disbanded.
group disbanded. Kruse played with
tion
down.
“
I
will
sell
to
no
one,
’
’
meeting
was
held
Saturday.
drilled
upon
property
owned
by
the
case
of
city
attorney,
rent
probably
club of company D. In the near
Yoncalla last year and Frank Brum­
is to be expected and fur from
he
said,
“
who
does
not
have
abso
­
bible
university
just
as
soon
as
the
would
be
charged.
It
¡
b
possible
future, at a call from the organiza­
baugh and Patterson are Albany
proves the absence of oil in this
lute
confidence
in
me
and
in
my
machinery
can
be
placed
and
one
that
the
plans
might
be
made
so
tion, he will be presented with the
men.
HAND WINS FROM MOOSE
promise that no one will lose a fertile region. ’ ’
ten-year medal for honest and faith that a gymnasium and swimming will start here almost as soon. Here penny.
Tho schedule for Cottage Grove
NORBECK AT SUTHERLIN
Dr. Campbell, while recontly a
’ ’
where my friends are, where 1 once
ful service. His resignation brought tank could be added.
for the season is:
During the past week ho has vis­ visitor at Sutherlin, made the fol­
It has been learned from an au- lived, is the last place where I
forth many compliments on the
Sunday, May 13—Yoncalla at
lowing statement: “In my career
One headlock and une toehold,
splendid record of the local unit, thorative source that if the city would make promises if there were ited sections of the country which of over 30 years as a geologist I applied b> Ralph Hand upon the Cottage Grove.
the excellent condition of the com­ should hire one paid fireman and any chance that I could not fulfill
Sunday, May 20—Cottage Grove
have examined many proved fields person of Moose Norbeck at Suther­
pany property and the completeness arrange for seieral members of the them in full.
of tho world. The dunce that went lin Friduy night of last week won at Sutherlin.
department to have their sleeping
and accuracy of the records.
“I have checked every oil field COMPANY D WILL START to Rome knew more than the dunce the match for tho local middle­
Sunday, May 27—Junction City
Captain Proctor, who succeeds quarters at the fire hall, the in­ in the United States, with the ex­ LONG RANGE MACHINE GUN who stayed at home, The same weight. Hund took the first fall at Cottage Grove.
Captain Cruson, has been active in surance rates of the city would be ception of two, with my instru­ PRACTICE FOR THE SUMMER geological conditions existing in in 32 minutes with a headlock. Nor­
Bunday, June 3—Cottage Grove
military affairs almost continuously reduced 10 per cent. A paid fire­ ments, and they have proved lOOper
are producing oil in other beck took the second fall with a at Springfield.
Company D will commence Oregon
since 1908, when he enlisted as a man would cost probably $1,800 a cent correct in every instauce. You
Sunday, June 10—Cottage Grove
places. Why not in Oregon! In like hold in 22 minutes und Hand
private in company K, 54th infan­ year. The saving in insurance can blindfold me, take me into an long range machine gun practice many localities which I have vis- won the deciding fall with a toe­ at Roseburg.
try, Iowa national guard. A few rates might be as great as $6,000 oil field and I will tell you which Sunday and such practice will ited in this state during the past hold in six minutes. Dale Cutsforth
Bunday, June 17—Harrisburg at
years later he enlisted in company the year. The saving would within derrick# are dry, which are light probably continue throughout year, I have found all conditions refereed tho bout.
Cottage Grove.
the summer. The range is locat­
L, First infantry, Colorado national 10 or 15 years pay for the entire producers and which are heavy pro
Bunday, June 24— Cottage Grove
favorable to the discovery of oil;
Norbeek has prodigious strength
guard, in which outfit he received city building. Those who would ducers. My instruments are scien­ ed north of tho Adventist school but it is most unreasonable to think but is no match for Hand in either at Eugene.
building
near
the
cemetery
west
save
on
their
insurance
rates
are
his commission as a second lieuten­
tifically correct. They cun not fail.
Bunday, July 1—Cottage Orove at
that it will be found in any old speed or cleverness, Norbeck ap-
ant December 12, 1916, while on the same ones whose property would They have never failed. They have of the city and near what is place. When and where the proper peared at the Arcade theater here Yoncalla.
supposed
to
be
the
prospective
guarantee
the
payment
of
the
city
the Mexican border.
told me that you have wonderful
Bunday, July 8—Sutherlin at Cot­
technical skill is applied to the ven last summer as a professional strong
After the First Colorado had been nail bond issure.
oil opportunities and there is no location for Cottage Grove’s first ture of discovery, statistics prove man, offering a dollar a miaute tage Orove.
oil
well.
If
this
plan
for
securing
reduced
mustered into federal service at the
question whatsoever that I will
Bunday, July 15—Cottage Grove
there are over 65 per cent successes to anyone in the audience who
The firing will be in a north
entry of tho United States into the insurance rates should be adopted, prove tho truth of what I suy.’’
and where that skill is not applied would wrestle with him. Hand ac- at Junction City.
erly
direction
into
the
hill.
Cap
it
would
be
necessary
to
strictly
en
­
world war, Mr. Proctor was ad­
Sunday, July 2?—Springfield at
These are statements made by Mr.
there are 98 per cent failures. The cepted the challenge anil stayed tho
vanced to first lieutenant, receiving force the ordinance prohobiting the Olson. There is no question that he tain Proctor does not fear so same old-fashioned law of averages limit of ten minutes. Tho follow­ Cottage Grove.
his commission July 24, 1917. He storin gof any infalnunable mate­ believes every word he says and he much that the machine gun fire applies to all ventures.”
Sunday, July 29—Roseburg at
ing night Norbeck raised the ante
spent thirteen months in France rial in alleys, streets and out­ seems to have little trouble in con­ may puncture a latent gusher as
Mr. Olson has made tho stato to 15 minutos but could do nothing Cottage Grove.
he
does
that
some
of
those
in
­
and Germany with the 40th, 35th buildings in the business section.
Bunday, August 5—Cottage Grove
vincing others of his sincerity. His
ment that oil in paying quantities with the local boy.
If tho council is given power to method of financing is as out-of-the- terested in looking at the spot
and 6th infantry divisions.
should be found at Sutherlin, where
The match Friday night was a at Harrisburg.
Cottage Grove is certain to re­ form electric lighting districts, the ordinary as are his methods for from which the gusher is to flow
Bunday,
August 12—Eugene at
may get between the machine Dr. Campbell made his examinations good exhibition. Quite a number of Cottage Orove.
ceive an appropriation for an ar plan is to ask owners of property locating oil. His company, Sage &
but
that
Sutherlin
has
fans
from
this
city
attended.
Char
­
only
a
mory at the next session of the in the business section to petition Olson Brothers, sella no stock. It guns and the target. Arrange­ branch from the main deposits lie White, local lad who appeared
Bunday, August 19—Yoncalla at
for a lighting district and to assume has taken the 3,900 acres on which I ments will be mode to hoist a which will be found here.
legislature, according to Captain
~
Cottage Orovp.
in
a
preliminary
event,
lost
to
Ouy
Cruson, since the application of the a portioh of the cost of replacing it has leases here and has divided red flag from one of the tall
Bunday, August 26—Cottage Orove
It has been learned that ex- Cole, of Oakland.
local company is now first on the the present arc lights with standing the value of these into 300 unit«, trees during days that target plorations for oil were made in the
at Sutherlin.
practice is on but the flag will
list of recommendations of the ad- lights. If this is done, all light Each unit is sold at $1000 and each
Cottage Grove country as long ago CANBY MAN INTERESTED IN
poles in lhe business section will be purchaser of a unit is given a not be tip for the first practice. as
jutant general.
Watch the labei on your paper.
1907. Oil leases were taken as
SAGINAW LUMBER COMPANY
ordered into the alleys. The power certificate of ownership to one
much as 20 years ago.
company is ready at any time to
METHODISTS MAKE PARK
comply with tho order. Ordering of
M. J. Lee, editor of the Canby VOTE FOR THE SENTINEL
ON VACANT PROPERTY telephone poles into the alleys prob­
(Ore.) News, is the moving spirit UNANIMOUS IN ONE FAMILY
ably would soon follow.
in tne organization of the Saginaw OF FORMER RESIDENTS
Members of the Methodist con­
Lumber company, which has pur­
gregation have started a park on BOY SCOUT UNIT NUMBERS 30;
J. E. Dunton, former superin
chased the Ferguson tract of timber
the ground at the rear of the
out from Saginaw and will at once tendent of Cottage Grove schools
WEINER
FEED
ON
TONIGHT
church. A fence has been erected
and now income tnx advisor in
proceed to cutting it. Logging op
Series of Educational Lectures Being Delivered in Cottage Grove Schools
around the plot and roses and other
erations will be in progress within Portland, writes: “Wife and I
Thirty
boys
are
now
actively
en
­
flowers and shrubs have been
a few days. Machinery already is just took a vote and on the final
rolled for work in the Boy Scout
planted.
arriving for the mill, which is to be count a number of local papers
unit recently organized under tho
Talk No. 3, of the banking series tired daily. The boy who cheats in business is increasing and that he located at Saginaw station, near over the state were prostrate.
direction of Calvin Funk post of being delivered before the high class today—“putting one over on needs a larger stock of goods. Also,
However, the vote stood 100 per
the spot where the old Booth Kelly
OFFICER* OF LAW LOBE the American Legion. About two- school student body was given April the teacher’’—or who is dishonest some of his customers do not pay {daneT once was located. The tirn
cent for The Sentinel. I don’t
CAMP EQUIPMENT ON HUNT thirds of this number have already 19 by N. E. Glass, president of the in his dealings with his parents or cash and their accounts must be >cr is located on the line of the old
know why, but we seem ever to
frimds, is stamping on his charac­ carried until pay day. Ho realizes Booth Kelly flume, which brought bo tied closer to Cottage Orove
FOR M'KENZIE MOONSHINE passed the tenderfoot examination, bank of Cottage Grove.
the first stage in scout life, and
ter
marks
of
dishonesty
which
in
that
he
must
have
more
money
for
the lumber down from the mill, lo­ and her people than to any other
LOANING THE BANK'S MONEY. later life will count against him and
his business, so he goes to his bank cated in the timber, to the planer [dace. lion’t see anything else
When deputy sheriffs go out have commenced work for the
One of the most important ser­ his success in business or citizen­ for advice.
looking for moonshine stills they second class examination.
at Saginaw. The mill will have a but The Sentinel that does it.*’
Tonight the boys will meet at. vices which the bank renders to the ship.
The banker asks Mr. Smith to capacity of 50,000 or more and
have to take undue precautions
lhe
armory
at
5:30,
with
a
lunch
community
is
the
loaning
of
money.
Allied with character is capacity. submit a statement of his business. only rough lumber will be produced I
against having their clothes tak­
en away from them and having and a nickel apieee and will go for Through this function the bank Before making a loan, a banker The banker finds Mr. Smith’s char­ for the present. Portland parties
a
weiner
roast
on
Mt.
David.
No
earns
money
with
which
to
pay
in
­
takes into consideration, in addi acter, statement and the progress are the other members of the cor
to come home in barrels. Dep
|| uties Roach and Svarverud matches vill be permitted in the terest on savings deposits, salaries tion to character, the capacity of that he has been making are sat­ porat ion which will file articles
erowd
and
before
they
can
have
of
its
officers
and
employes,
and
the applicant—that is, his ability isfactory, and is glad to consider within a few days.
learned this at the time they
captured a big still up on the the weiners the boys will be re­ dividends to its stockholders. The to earn through his honesty and his the best method of loaning him the
quired
to
build
a
fire,
using
methods
extension
of
credit
to
those
who
industry.
needed funds.
McKenzie a few days ago. They
Capital is a ma-. 's worth in mon
Money is loaned by banks in the JULY « CELEBRATION
were sent out equipped to remain they have learned in scout class. need financial help is called the
They
will
be
accompanied
by
mem
­
discounting
function
of
the
bank.
ey,
merchandise,
stocks
and
bonds,
following ways:
CONSIDERED BY LEGION
for several days, if necessary, to
The banker bases credit on what or lands, which may be given as
(1) On a straight note, which
i’et the makers of the illicit bers of the committee in charge of
the
scout
work
and
each
boy
will
are
known
as
the
three
C's
of
collateral
to
secure
a
loan
or
make
means
that
a
man's
net
worth
and
A
committee
to look into the
iquor. They located what they
expected to know a story or credit—character, capacity and cap it safe.
business standing are sueh that the possibilities for a Fourth of July
thought was the spot, cached -be
Today we shall consider some of bank will loan to him without se celebration under the auspices of
|| their
bedding
and
camp joke to repeat while sitting around ital. Because of the importance of
these in the liven of business men the methods used by the bank in rarity.
the American Legion was appointed
equipment
sad reconnoitered. the campfire.
Members of the committee are and women it is essential that boys loaning money or extending credit.
(2) On an endorsed note, which at the joint meeting of the legion
|| Tnsy were successful in finding George
Proctor,
C.
|| the still and a batch of the li­ L. Stewart, H. W. E. Robert», K. and girls know them. To be the In all cases a promise to pay must means that the banker desires, in and auxiliary Monday night. Another
Titus and Her- kind of men and women who will be entered into, in the form either addition to the responsibility of the committee, headed by George Proc­
quor but the operators had dis
•
succeed in life, it is necessary that of a note or some other credit in­ maker of the note, the added re­ tor, was named to see what steps
appeared. When the deputies re- bert W. Lombard.
character and capacity be developed strument.
sponsibility of some per
person in whom the legion can take in cooperation
|| turned to the spot wbaio .they
conscientiously
during school life.
Mrs. Elbert Smith has been ap­
Let us again consider the busi­ he has confidence who will consent with other societies in observing
had cached their equipment, they
Character is au imperative busi ness transactions of Mr. Smith, the to endorse the not«.
Memorial day. Following the busi­
| found that the moonshine« had pointed by Mayor Brand ns a mem
(3) On s collateral note, which ness meeting a feed prepared by the
| found it and taken it with them ber of the library board to succeed ness qualification. It is not formed storekeeper, who found it advis­
Mrs. Worth Harvey, who recently io a day. Character is developed able to have a checking account at means that the maker of
_____
the note auxiliary members and a social eve­
' when making their getaway.
resigned.
through honesty and industry prac the bank. He now finds that his
(Concluded on page 4)
ning were enjoyed.
GRANGE DISBANDS BECAUSE OF
LffTLEINTEREST
*
0
GOOD MATERIAL SIGNED OP FOR
LOCAL BASEBALL TEAM
THE BANKING BUSINESS