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