s
TRAIN
T H E T U R N E R T R IB U N E
I
by tho public banking departments
through Insisting that this function of
government shall be kept a* free from
political influence ns the judiciary It
self and shall be manned only by men
of the highest ability and chafacter.
In still another way can the people
themselves contribute to maintaining
the ability o f their banks to meet their
obligations, and this Is by granting
them the fullest possible confidence.
As I said, the deposits are not kept as
eash but are Invested In loans and se
curities. Even the soundest assets of
this type require some tlrao to recon
vert at full value Into cash deposits.
In many cases of hank troubles the
only thing wrong with a bank was an
unduly suspicious and apprehensive
state of mind in Its customers created
by no act or condition of Its own but
by baseless tumors which sometime*
THE COMMUNITY
AND ITS BANKS
By ROME C STEPHENSON
President American Bankers Assariatien
While upon the Individual banker*
there rest* without Qualification the di
rect responsibility for the prudent, hon
est conduct of
their Institutions,
nevertheless the
s o u n d n e s s of
banking as a prac
tical matter of
fact is a commun
ity p r o b l e m In
which the public
has a part to play
as well as banker*
led them to destroy the value of their
and government
own deposits by demanding them im
officials charged
mediately, forcing a bank to sacrifice
with the super Its assets and otherwise disrupt Its
financial operations.
R. C STEHtENSON vision of banks.
In t h e
first
place, the assets of a bank, outside Its
government bonds, consist mainly of
Bankers Help
loans to business men and of Invest
ments in securities created by corpo
During the year 1930 the Bankers'
rate enterprises. The deposits of a Association of Langlade County, Wis
bank are not kept in the vaults as
consin, worked out the finances for a
idle cash but are employed in these
cooperative milk plant, which entailed
loans and investments to earn the the raising of $100,000, and also spon
money to pay the expenses of the bank
sored an active 4-H-Club campaign
so that it can render services to Its
that culminated In an “ Achievement
customers and also pay them interest
on such deposits a3 bear interest. If Day” program, in which upwards of
400 young people participated. The
there were no such thing as unsound
business men or enterprises there Increase In the number Interested in
would be no such thing as unsound this work was yon per cent over the
past two year period.
assets in a bank.
It 13 of course the unquestioned duty
of tho banker to choose only sound
Dr. B. F. P ou n d p ra ctice limited to
loans and investments, but the diffi
culty of such judgment, and human removal o f teeth, gat or local, and
judgment is never infallible, is plainly dental X -ra y . S i w l o c . t i o n 3 0 3 First
increased in such times and under such National Bank Bldg., Salem, O reg on .
conditions as we have been passing
through, with many businesses not
making expected earnings and there
fore hampered in meeting their obliga
tions.
Unfortunately some invest
Ccrset Melkers und
ments and loans created by persons
Milliners
outside the banks which found their
F
o
u
n
d
a tio n Garm ents
way into the banks in a relatively few
Instances have reflected the unwise
A n y Style
business policies and conditions that
4 2 0 C ourt St. P h o n s 1639 Salem
became more than usually prevalent
in our business activities and contribu
ted to the difficulty of banking. The
vast bulk of bank assets, however,
are 100 per cent sound above all ques
SURPRISE GRANGE
tion.
Hutcheon Paint Store
PAINTS, WALL PAPER
151 S. Commercial, Salem, Ore.
421 Court
*
*
V /.V A
%
BY DAY OR CONTRACT
Estimates Furnished
1 . S. Taibut
¡
i
I
You Too!
effective March 15
will have a smilo and Rood-will feeling
after you have had a
Save money on your short trips.
Enjoy the greater comfort,
speed and safety o f train travel
at these greatly reduced fares.
One-way and round trips on
sale DAILY between here and
southern Oregon s ia the beauti
ful Siskiyou line. One-way
tickets carry 10-day limit;
round trips, 60 days. Stopovers
permitted within limit.
f
A ndys
llAitm:ii
p
s h o p
»
“Tho Wind Blown Export”
I
Hair Cut 25c
Shaving 15c
Ladles Hair Cutting a Specialty
Next to Elsinore Theatre
Salem. Oregon i
182 S. High Street
A‘.V .,.V.VA,.,.V .V.*.Y/A '//A V/A W A W /A V//W /.W J,W
W. J A Y D E N H A M
General Contractor and Builder
Cement Work and Plumbing
S o u t h e r n
Route 3
Turner, Oregon
IP a ca S Ic
H. S. B O N D , A g e n t T u rn e r
E
M. K E I T H , A g e n t A um sville
I TURNER
S
South Bound
1 1 :1 0 a . m .
(S to p s
w hen
P M. t o 6 500
i
STATL
D o r
/*
BANK Î
('eut.
•: Paid on 6 months Time Deposits
P.M.
$5.M E‘-
E xp ert W atch and J ew elry
Repairing
—a -
I
New J ew elry Mvde to O rder
Prices Reasonable
Oregon
W W .V .V /W .V .V A V ,’
Insurance W ritten
S p r in g
• — «■----*■-----m —— • • —- .a---- m — m-----a ___« -
W e offer you a com p lete stack o f H IG H G R A D E Field Seeds all
rcclenned in the best possible m anner and fr o m selected stocks.
,.VAVA*.V.V.,.*AVJ,W ,,.VA
sj
Ounlity IkillrrirN
'• W
?
at
Some Examples:
KRUSE & R Y G H
Í
í i •t
Smooth Shave or Hair Cut
outh o f Eugene via Cascade
Line.)
No. 31, 8:45 P.M. ( Regular stop.)
Following north hound trains stop to
pat -enger.-i coming
from
V W W W . V . V A V A V J V / / A , detrain
*"
>
:■
■"
Salem
^
AVAV.,.V.N\V.,.V.V.VA,.V .\\\W .V .,.V.V.V.,.V .W .V .V .,.'jy
Southern Oregon
1 :0()
Day Your Paint at a Paint Store
Bill Durkf e
B- ar System o f Wheel Alignment
Frame and Axle Straightening
444 Ferry St., Salem, Oregon
V J V V k V S V A V A V V V V W W W W A V / . V . V . k Y . V / . ’ .V .V ,
and roundtrips to
:•
~o—
Globi Body & Fender Works
Phone 27S
Fire—Autom obie
C A P IT A L DRUG STORE
State Street
Salem
TELEPHONE 3441
S
flagged to pick up pa::.-u tigers for
point* at which tula train stop.-.)
No. 15, 9:23 P.M. (Stops onTtag only,
to pick up pas ongers for points
.Station is closed on Sunday and holi
days. On these days passengers can .W .’.V .'/.Y .V A ’.’.VAV.’.V .V .’.V .W .V /.V /A Y.W .V .'.V J’W /
pay fare and have baggage checked
on train.-:.
points south o f Eugene: No. H>, due
5:36 A. M.; No. 6, due 6:06 P.M.
'»Pice ho.:/« at T irni r week days are
8 A.M. to 12 o ’clock noon, and from
FREE
464 N. Liberty St.
NOT
S
New low one-way
No.
A k r o n G ra d u a te Fitter Here to
G iv e Y o u a Trial Fitting
Í
U
Y ou Nead
S-A-T-I-S-F-A-C-T-I-O-N
14, 4 :*iG A.M. (Stops when
flagged.)
No. 32, 3:07 P.M. Regular stop.)
S o f t Sanitary, C an ’ t Slip
G u a ra n teed to Hold Regardless o f
O c r u p a tio n , A g e or Sex
B l ’ R K E L
E
W a Try to Sell Y o u W hat
P. O. Box 208
North Bound
II.
M.F.G. CO.
E verythin g W e Cen
¡N o.
E.
E
AND
*»
—... o--- —
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TURNER L’b’p
U
TURNER
SO U TH ER N PACIFIC
T R A IN SER V IC E
Akron Spongue Rubber Pads
W ood
s
1
Turner
TRUSSES
R
s
5
LUMBER
Y
. V . W W A V A V / . V . V / . '. V W . '
^ PAINTING
Building Supplies
ROUGH AND DRESSED
T
Sah m î
/W W /.V .W .V /.V .V ,
S-E-R-V-I-C-E
Ï
Roseburg
$4.50
Return trip 8 05
M >ets second Saturday in the
month in the Grange Hull, Turner.
Grants Pass $7.33
Visitors welcome at the Lecture
hour, at 2:00 o ’clock.
Ret. trip
2 . D O
Í A V W A V . V . W . V A V W A V . 1 Medford
$8.29
Í;CVP€líJR!C6R$? Ret. trip
14.50
ÿ Addilli* Macliiii4*H ÿ
Ashland
$8.67
J
ALL MAKES
ÿ
5
T H O M AS
R O E N
ÿ
Ret. trip
15.30
S
W V S V .W .'A V V .S N 'A W A Y A Y A W A k V .Y A W .'.Y
%
S
s
No. 233
‘‘Hard Coiled” vs. “ Easy” Ranker
In another aspect the people of the
community have a ¡ art to play in main
taining the soundness of their hanks,
and that is through the medium of
patronage. The existence of a bank is
dependent on public patronage.
If
only those banks were patronized in
which the most careful policies were
practiced and the most conscientious
and able men in charge, it would go
far toward maintaining the standards
of banking. If business man In a com
munity when refused loans by their
bank3 for good and sufficient reasona
because conditions ara not favorable,
thereupon withdraw their business to
banks where less careful methods pre
vail, they clearly contribute to the cre
ation of a les3 sound banking situation.
Also if, in the heat of competition,
a banker offers higher interest ratrs
or more free service to attract custom
ers than the earnings of conservative
banking justify, and is encouraged by
the patronage of the public as against
a more conservative bank, obviously
the public is again playing a part in
bringing about a less sound banking
situation. It is an unfortunate fact
that the banker who is strict, ‘‘hard
boiled” if you please, is liable to be
less popular than the “ easy” banker,
and by that same token the public lt-
sedf has a voice in influencing the char
acter of banking. Also it is the public
in the end which pays the main part
of the penalty if unfortunate results
follow.
Still again the public can exert an
influence in shaping the character of
banking by supporting the purposes of
bankers to maintain Intelligent, inde
pendent, honest banking supervision
~ZTT
If-1 Court St.
Salem, Ore
.V ., ., .V .V .,. ,.V .* .Y /A V .V .,.V .* /
■: SEND US YOUR LIST OR CALL FOR PRICES
I
je
v
-----------
Y ou will find the quality the
best the m arket affords and the
prices right f o r that grade o f seeds.
I D. A.
W H IT E <fc SONS
-61 State Street, Salem, O r e g o n
. W W « ,.V ." .V ^ A V .V //.,W M S W ^ i f W ^ W ^ W W V W V W
5
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