Image provided by: The Willamina Museum; Willamina, OR
About The Willamina times. (Willamina, Yamhill County, Oregon) 1909-1972 | View Entire Issue (Sept. 13, 1929)
T TW T Oregon! State Fair SALEM SEPT, BANKING FINDS THE WAY TO SAFER ERA By FRANK W. SIMMONDS, American Bankart Association In considering th« banking situa tion throughout the country, the fact should be kept In mind that while one bank In ten failed during the past eight years, it is far more important that nine banks out of ton, operating in the same general field, serving the same communities and meeting al most identically the same problems, weathered the economic storm of re Entered at the poatoffice in Willami adjustment successfully. This achieve na, Oregon, na aecond claaa mail on ment cannot be ascribed to any ele ment of luck, but rather to consistent Auguat 24th 1909. adherence to s 'und banking principles and profitable practices. Through PUBLISHED ON bRIRDAY worthy and efficient management they met the Issues and problems confront ing them, squarely and successfully. G. arland ittser ditor Banking Is regarded as the keystone and ublisher of our entire business structure, hence bank failurea are rightly regarded as Intolerable public calamities that must Subecription......................11 50 absolutely be prevented. The three Six month»......... ............. $ .76 major objectives of all inter-bank or. ganizatlons, whether local, county, dis trict, state or national, are to make WILLAMINA is facing a very banking safer for all concerned and. serious situation i n her housing through increased efficiency in bank management and supervision, to lessen facilities. This week, there or eliminate all forms of losses so that have been many newcomers here greater rewards may accrue to bank who have tried to And houses to ing and better service to the public. There is definite evidence throughout rent. They plan to make Willa the country of a strong and growing mina fhetr future home, but spirit of cooperation among bankers there are no houses which can be and banking organisations, which is resulting more and more In strength rented. Wh»t are we going to do ening the work of all. about it? We need these folks Clearinghouse associations among to help build up our little city banka In city, county or district groups constitute the chief line of Something must be done. With undoubtedly defense against bad banking practices. the opening of the two large They have demonstrated that they are J mills that will! soon be in opera the principal factor in bringing about in banking regulations. tion here, there will he a large reformation Improvements in banking methods and . ^"WILLAMINA TIMES'^ OREGON STATE FAIR / SEPT. 21-28 Fares to Salem Greatly Reduced numberof families who will want houses. Let’s act. Somebody suggest some plan to hrlp out in this crisis! e For only a third more than the regular one way fare you may buy a roundtrip ticket to Salem during the Ore gon State Fair. Tickets are on sale from September 21 to 28 inclusive, with return limit of September 30. START EAST BEFORE SEPT. 30 Only a few days left to buy summer excursion fares to the East. And remember, you get more for your money on Southern Pacific Circle Trips, going one way, re turning another, visiting California en route. You have until October 31 to complete your journey. For all travel information, phone or call on your local Southern Pacific agent Southern Pacific V. E. Fraker, Agent La Grarde-Old steel bridge on La Grande—0. W. R. & N. in county road near packing plant stalled additional equipment re of Grande Ronde Meat Company cently. refloored. Grants Pass—One-room school- Modoc Point—Construction of ¡house will be constructed for hotel and office building progress-; Fruitdale School District No, 28, ing rapidly. .on north side of highway. Board Plans for Fair Rain or Shine ♦ * • * W e had a bard time getting to work this morning. Instead of our usual daily dozen we had to go through several incantations to keep us in good iuck row on this Friday the 13th. We ran three times around the blackest cat we could find in our Rang. Then we threw a horse shoe sev n feet in the air over our left shoulder. After that we had a big tustle to find a negro with a rabbits foot we could buy, taken from an animal killed in a graveyard at twelve o’clock at night. With this precious amu let io our pocket, we started for ye newspaper shop and so far. have been able to avoid meeting the jinx O. K. If we don’t get through the day alright, it will not be any fault of ours. * • • • • T he P a « t two weeks have been good weeks for The Willamina Times—your newspaper. A number of good folks who have not had their names on our sub scription list since coming to Willamina, have dropped into the office and joined the subscription parade. Thanks, folks, this is the way it aught to be. Your editor is working hard to give you a real valuable little sheet. It ¡ h not as large as some papers, insofar as its volume is concern ed, but il is as good if not better in news matter than the aver- -ige country weekly. We have been released from our coast newspaper, and are back on the job in Willamina in earnest. We promise you a better and higger newspaper than ever if you will give your earnest co-operation. Watch for other announcements later. ♦ Ext«n«ive plana ara being made by member« of the State Fair Board Salam, for tha blggeet f«*r in hietory, September 23 to 28. 8un«hlne or rain they promlee much enteHainment, aa nearly everything will be under cover Membera are, left to right: Charlee Cleveland, Greaham; H. R. Crawford, Salem; A. C. Mareters Roeaburg; D. O. Woodworth, Albany; A. R. Shumway, Milton; and Mr» Sila S. Wilaon, Salem, Secretary (atandlng). . E S P G W70NDERFUL Dixplayn of Oro ” iron products; Six days of horse racing; Auto show; Thrilling features daily in front of $150,000 Grandstand. Reduced Fares on All Railroads. * ♦ ♦ WANT ADS. FOR SALE 20 ceres, | mile from New Grano Ronde, Some limber, i'asture Fair buildings. Well Watered, both well and creek. Will sell or trade. Address Guy Smelaer, Willwmina, Ore. FOR SALE OR TRADE 12 acres, for $200.00, 18$ acres. IdtXJ.UU. 2 houses and 5 lots, $1000.00. 194 acres at 810 per acre. House and 2 lots $350.00. the observance of sound banking prin House anil 2 lota $400.00. BEN BOOTH. Real Estate, Willamina ciples. For many years the primary purpose of a clearinghouse association LOANS: On Farms, City Property and was the clearance of checks, but today 'Chattels. Monthly payments or other it is the clearance of banking ideas and the solution of banking problems. wise, quick service. We buy notes, Clearinghouses supply the local ma mortgages, contractu and bonds. Foi chinery essential for setting up and safe investments, twenty-three years putting In practice necessary stand service in this line, see Atty. H. A. ards and uniformities. There are now Kliks, McMinnville. Ore. 435 clearinghouse associations In cit ies. towns, counties and groups of counties In the United States. Men today are more intelligently Staton—N e w parochial school group-minded than ever before. Bank dedicated here recently. Order Your Printing Now T* AKE an inventory of * the printed material which you use in your business. fl Doubtless, there are some articles of which you are now in need, and should order. Delay no longer—order at once. <J Here is a partial list of reminders for your convenience: Letterheads, Envelopes, Statements, Order Blanks, Cards, Invoices, Menus, Meal Tickets, Time Cards, Memos, Checks, etc. First class work-—Right Prices ♦ Poptland—$ 500,000 MacMarr stores Company warehouse and office building will be erected adjacent t o Oceanic terminal here. Ing la combining the beet elements of competition with sound group action. By virtue of this combination, Individ ual thought has much wider possibili ties of expression. In general, group action has not stifled but has stimu lated Individual thinking and inllla tlve. Better Interbank organisation and relationships afforded by clearing houses would have undoubtedly saved many institutions that have suffered failure In the past The clearing house activities of the American Bank era Association are conducted for the purpose of encouraging ever widening cooperation along fundamental prlncl plea and practices among banks through clearinghouse associations Bankers In every city, county or dis trlct can, through the agency of a clearinghouse, promote better, safer and more profitable banking and also serve their communities better. There never was a time when su< ccasful bankers were so alert to the value of team work for putting tin entire banking structure in prime con ditlon. Bound bank management I* the order of the dny. Constructive cooperation Is more than a sentiment, it la an economic nejMaity, a mattei of enlightened self-interest, and sne cessful bankers more and more are utilising the agency of constructive group action tn developing and estab Hahins necessary standards and uni- form’Hos In banking practices. Each year banking 11 becoming more of a science and attaining higher profee. atonal standards. Willamina Pub. Co
