Crook County journal. (Prineville, Or.) 189?-1921, June 02, 1921, Page Page 8, Image 8

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    Till llMH.tr. jcsk B. 1031
ntnos (imn jocks.
r4
i
ITAtWITiri! CM
uuiamiiua im
M CONDITION
I LT feS rjUK'.ld BilLFT tJUMI
ly rtdms of Crook Coanty is
sa&ao a Cia'-iuaur or raitaiiauoa la
cottnoruoc with lrfcbaruu&e itvolT
H I U aliairs t tbe Crook CiaxtT
Bark.
Tin inautauoti m rt!Blr4 to
F)tid bii;iees i8 Iwn.ber XT.
liivr lb i tt r.utiiniw.1
are authorised t pTf a j-rf Hi
ll ' ) or make gwud nr 1um de
r,iitt4 at tbat t'tt a rrLHi
bnis wtttia a yrri'ji of e:rty
da- la tL erect, B'. ", ttat a
rwrgasizatiua pfrt.id ato
ol lb atutaaulGen witkia ttat
tiste. tbe BeperuiU&eeot ( Banks
auar reorganise at any UM iber
afUf and fteraut tbe beak to rcam
bun net.
After a careful erKintio tb
approxUbate losses were d-t-nn
aud effort wsre s&adc at ttat time
to porlMt a roorgaaUauoa. Tb
weald aut bare Wi UfIralt Lai It
ttToJrei gvarscU of tbe deposit
sad ibe removal of doubtful aae.,
bat ta additios ta aasaasiag tt lia
feihgr ta depositors tb back bad a
large volssae of rediaoowsta bili
fayafele sad reparchaae agreement
which the svew ergaaizatiua would
bare beea rj aired to annate. Tbeoe
aggregate approxiautxrly I1J,
. Is aoon:ig these liabilities) ther
w-r aaa c y eomplkatioiis wfcith
saade it ry 4;fji-h to provide a
satisfactory or eocveei:l soletjoa.
Ja addition to tie Lrw.t obi jrs.loi
aa't of tit back bad beea pk-dgd
to secure the t-artneEt of tie Tda
connta and bills payable wth were
fctrii by oifct-r luii to ewcsre them
er.aiiiat loe. Is aoMffi'ig tie ad-
'ktkl lib:Jjri tie t-w wjitiii
tiws atdltir would bare au
taiD4 W'jiLtl3 VKa wi'a so
IKaaibilitx t reeeirltf mta
t".o (or aar-amitif tbi-ae additional
bsrdc aod tbe roiunue ork
and time nt8srT to lioS4aie the
obllentioca and r-ra poeetscaioa of
tbt eollaterai dfHitd aa a-vritjr
Aa ttwa aa tbe bank aaspeaded
buaiaeaa a petitkm waa l.A b Mr.
Kareopp arid approximate! forty
other eitizeni atid ridt-cia of Crook
County requested that a cbartr be
Saaaed authorlzirif the Bask of
PrinerlUe to eceag ia tbe baakixc
btuliiUM. I'poa making cartful in
quiry I vaa aatisfted ttat Mr- Kar
opp aad bis aaaociates cooaiatad of
Haas of mea of bigb moral iateg
rMy and with tbe fi uncial ability
tuffi'-ient to conduct a Mbstastial
(CStitQtiOB.
Aa kxd aa Mr. Karaopp'a applica
tion bad bee-a favorably considered
by tbis Departsest a cev proposal
a autm-ittxd t iwtiui J
u-t fci tut ifi-nuf aritk .
J. rr. i rciiuty b-ta If r Kar
Ki)ip Lad -ai'ld ;sb rra.ijtj;r
ail r-qG:r-Bitu S rouiWi
-. i.w -t.t arid a rir tu
;B tb tt. fur tBB;ti but
ut-u(3-d d-f.i;He artiiiB feelitf
ttat acjr f:rat tt'T a ta tbe t'pi
i'Pn i tbe Cjk. Cvactr bat.k and
.f it "ii aj-jwarfd t be a 'w t-htT
4 rirraiiita!ia I d:rd ttat ary
;k.rti v to bsst benuroe tcterwded
tbouid ke first cuue.deratkHi.
I ar.ltB:ttd tbe Biatter t Mr. Rew
art Mr Cornea std Mr ETkn. b
re tbe rrtonjial wrlkt44ert of
t.e Crw.-k Cwirttr Bark Tier were
sot W-frr vbLated BBder aa aa
ii!itB"iit ftT tbe aBcest of atork
abH-b tbey t13 at It time tbe baik
suapesdd bas'aeaa. bat fur tbe p&r
poee of pfTtv.iil a rwrfaBiaatloB
tbnae fertlemea aeiaDtarOy offer
ed to ssrresitid all tbelr r-ork ad
ta add k tberKo Mr. Btearart. Mr.
BrovB. Mr. E:kins aad Mr. Coraett
rare n a rolettarr acrrost to
tbe effwct tbat they weald raarastw
aty loaan cp to lit wfclf rep
reaested tbe entire capital of tbe
Crook Couaty baak. Tbto raraatee
by tbese foar fectleatea avot oaly
ux-laded tbe amount of stork, wbirh
vaa b-M by tbea lud ridaaKr. bat
also Utrladd aa aoaoBt eamal to
be balase of tbe fjact vbich a
beld by otber parties. This ar?e
loect tBTolTed a aacrifiot oa tit
part of tbese foar featlesseiB far
tbe pfjteetioB of tb depooitora ar
greiratf apprpi?iatery f!l$-,
asd tbis amovEt os!d perbapa cor
er tbe l-jef as nearty aa tbey n-tr
dvterEhied at tila t'sve
Af"er reneHirp tb! f aarat re tbe
parties aabtEfrt'cj tie new plat
were permitted t make aa eraEln
itios of the aaaeta acd attairs of tb
bark. After careful rHeratioB
tfcae plass were abB9aHL. Tsey
Tere- perbays. w!I!r j to aaraoe tbe
j'tjtr.eit of all depositf but tbe i
d'tiocal l:abf!tia to be aaeimed
were la sac cofJ.'tloB tbat tier did
sot fel JoWf;d ta rrrTf B-i-r
aey plana ta rorrir're tbe old
lark.
After tbeee plans were abandoned
lie dfrfwtors of the Crook Cotnty
bank and njyalf dedd4 on wbat we
wceMerd a fa!r and reaaonable rai
se for tbe present bar bmfld!sg
Tbis proposal was sabioftted to Mr.
Karnopp and aeeepte4-
1'b4t the eircBmaUneea I feel
tbat e bare resorted to erery pos
sible soarce wit a rle of perfect
in? reoranizatioa. bot nder tbe
r-ct financial ancertaintiea and
the many com plications which exist
ia eocoectioB with tbe old instil b
tion a reorgaBlxatioa doea not ap
pear to be feasible.
I regret rery saaeh tbat the old
bank could sot be reopesed. I fol
ly appreciate tbe many hardships
which will be eneoaatered by tb
1 Which areyott? T
IS your kitchen uncomfort
ably warm and does it re
quire constant effort to keep it
clean and tidy?
Or are you one of the thou
sands of happy women who
delight to work in a cjo1, shin
ing kitchen with a good oil
A good oil cookstove is easy
to operate bring a steady in
tense heat concentrated direct
ly on the cooking. , ;
For best results use Pearl
Oil the clean economical ker
osene that is refined and re
refined by a special process.
Sold by dealers everywhere.
Order by name Pearl Oil.
STANDARD OIL COMPANY
( California)
Mr
dfx
PEARL OIL
HEAT AND LIGHT
t"t'i b are o'p udmt a lb
dfpuarts of this batk ta ooadart
lm;r buaiuesa It aun)!y afteaua
ttat l!t wi-tin ctpital of
Cn C;acty is atauact Llgut
ftui tf an iw.lfmt of ttis rbar
h-.t ia ery eprtHs:rtil
I atisy aar. boaerer. that we are
-rt-rrat g erery rwaatmatiVe efff w?t
t r- er tb twii and drtar
cvjo-?es i tb dn!'tra I anti
riimi tbat tb firm 6-ritin,e will b
jiasd abortiy ttter ialr Irt Just
lew rcavk itm will be I as acabW
to derni; at tbia t:tte- rnfiT
tie prBt ootid ttitiB we are snakier
erery effort o eBct loans, rmt w
must c.tiid tb ability of tbe par
ties to pay and br ponefYii aroid
try turds bardkbipa or ettbarraaa
ix.er.t At tb aatoe unit the depoa
rt'jrs are ertnM to a rlaVa of
tbir awoner as rapidly as fsods aaay
be aot-cxG slated tbrw ljcaidatiae.
I bar beea aaked asaay t'nt
bat swroentar. ia tty opiEioa
woaid be retarned to tbo depoaitora
t rery difficah at tbts tiBS to e
termis tbo exact loaaea. bat I fee
tbat if cropa are BoraaaJ asd reaaoa
sble prions may be obtained for tbe
rotaxce of prod art la Crook Coast y
tbat tbo depoafkora eboaid rvcolTo
at least e cbty per oral. I do rot
decire, boverer. to Btake say deC-
te forecast as tbe reaatta to be ob
tais4 depend alxaoat entirely cpoa
tbe fat are coedirioca and prosperity
of Crook Coanry. ta any erect, tbe
lic.aida.tfoa will reealr considerable
tixae.
Ft err person todebted to tb
Crook Coanty bask will be reqaesled
to snake payment and where sw
arr ttvita will be f.ld to aaake ro
coTertea. I dlre also to softest
tbat in tb process of licaidatioa ail
expena w3 be held to a mirimsm.
Tb old atotkb elders of the Crtiok
Concty baxk will ttot be otrisdeiil
in any way antil rwtrreries bar
-o cade oe (be aaats and paid to
b deoactor. gbonld tbere be any
funds rema.cici on Laid after tie
dpoa tors bar bB paid in fall, tb
tvxkbolderi win be entitled to eoa
sideratjoB. Otherwise tiey forf4t
all of their et'xk or any Interest that
tbr bad ia tbe old insJitstioa-
Aa a matter of temporary cotrea
ience Mr Gorge F. EnrtoB baa beee
appointed DepBty BaperintBdeBt of
Barks, who. snder xny inst radioes
will coadort tbe liijaidatkm. I base
irrjtri for office room is tbe baak
of P riner ilie where Mr. Esstos will
be arailable to all creditors or par
ties Interested in tbe Crook Coanty
Bask.
I bare issued a charter to the baak
of Prinerille wbkb will opea for b
sineaa a boat Jane lt Tbe capital
stock of tbe bank will bo 1 5Mt.
The following persona wfll conitito
te officers aad directors; J. L. Kar
nopp, of Portland. OregoB; Presi
dent; W. O Hall. Cashier. George F.
Kaston. Aasisunt Cashier; A. J.
Noble. J. M. Elliott and Laka M.
Bethtell. Iirectors.
Under the present conditions this
new Institution will fill a rnach
needed reQttirement In Crook coanty.
The officers and directors are rec
ommended to me aa men of high mo
ral character and personal Integrity.
Tbe stockholders represent some of
tbe moat aabstantlal men In Crook
County. I feel sure that the bnsl
neae of this Institution will be ably
managed and successfully conducted
I predict a prosperous future for
tbe people of Crook County. The
potential values under proper dev
elopment will represent he most
substantial products. During tbe
pat few years this eounty has un
dergone a period of substantial de-
rclopment. Within tbe nexx fire
years I fel that even greater accom
pllfshment will be realized.
The agricutlural resources, the
stock Industry and the vast supply
of available timber should Insure
the future success and prosperity of
Crook County. With these ereat
possibilities for future development
I predict that the Bank of Prfneville
will merit tbe confidence and pat
ronage of the people and develop a
volume of business which will In
sure a thrifty and successful Institu
tion. FRANK C. BRAMWELL
Slate Superintendent of Bonks
VI IT f T .
fey.
WT aw . J 'J saaaaW i M U n
?V Z22?1;IrkPkt 1 Basin! I i i n . , I
30x3 Standard Non-Skid Tire
I 1 J fe twe
-0
a K.:
Th is new low p"'
is mads Kosibe
by striclest econ
otnies and apeciai
ued pfoductioa.
Itanl No. 2 was
erected (or tits sole
purpose of making
30i3i-c Nora
Skid fabric tires.
With daily ca
pacity ol 16.000 tires and 20.000 tubes, this plant perniiu refined pro
ductioti OO S quanuty basia.
AH materials uaed are the best obtainable. The quality is uniform,
b is tb beat fabric tire ever offered to the car owner at any price.
Firestone Cord Tires
Tars) repairmen, who judge valuee best, class theas tires at having the
stunLest carcase made. Forty-seven hifc-h-grade car manufacturers use
them as standard equipcnenL Thry are the quality choice of cord users.
30x3?a'-inch Cord - - New Price $24.50
32x4 " " - - " " 46.30
34x4 " . . " " 54.90
For Sale by LAKIN HARDWARE, Where it Pay. to Trade
rid .
'SaaaamSBw m
an advantage
worth while
Back of the Zerolene you buy for your
engine are the combined resources, expe
rience, knowledge and equipment of the
Standard Oil Company. They create an
efficiency in the manufacture of fine lubri
cants hard to duplicate elsewhere in the
world.
You gain this advantage in the use of
Zerolene.
Our Board of Lubrication Engineers
recommend the grade of Zerolene to meet
the requirement of your type of engine.
Follow their recommendations as embod
ied in the Zerolene Correct Lubrication
Chart
Ask for a Chart for your car.
STANDARD OIL COMPANY
(Caafsrais)
OA grade fir ecuth type of engne
was represented by The Dalles, when
tbat school defeated Bend.
Salem high I 'bool, aa winner of
tbe cup for tbe third time, at Inter
vals of three years. 1915, 1 91 S, and
again tbis ytr. has obtained per
manent posHessiou of tbe cup. Pro
fessor . E. DeCou, who gave the
cup, baa announced tbat be will pre
sent another to tbe Oregon Debate
League.
Tbe subject of tbe final series of
debates was; "Resolved, that the
United States Government should
own and operate tbe railroads."
dkhate hami'ionhhi
WOV IJV SAtKM
First place In the Oregon High
School debate league went to fialem
High School and second place was
taken by Corvallis. Eleven districts
were represented, which required
forty-four debaters, thirty-three Jud
ges and eleven presiding officers
The finals were held In the Univer
sity of Oregon buildings at Eugene
lu the week beginning May 16th.
The high schools which represen
ted tbe various districts are as fol
lows; Burns, Corvallla. Coquille, Eu
gene, Grants Pass, Heppner, Kla
math Falls, Knappa, Lostlne, Salem
and The Dalles.
The Crook County high school Is
In the upper Columbia district which
ALFALFA IAKMH
Miss Lora Crow was taken to a
hospital In Bend ThurBJay and Wed
nesday underwent an ;jeratlon for
appendicitis. Her mother and sis
ter Eveline are with bcr-
Mrs. Mary Benn who has spent the
winter in Washington arrived home
Wednesday.
Mrs. Wm. Horsell entertained the
Jolly Neighbors Thursday.' She was
also the recipient of a beautiful toi
let set, glfe from the club mem
bers.
Will Irving has gone to Portland
to seek employment. His family
preceded him several weeks ago.
Tbe Shults home was the scene of
a delightful surprise party Monday
evening when sixteen Redmondltes
brongbt with them a bountiful sup
ply of Ice cream and cake, the par
ty included Rev. Brown and family,
C. H. Doty and family, Curt Hallo
way and family and Ralph Gillette,
all o Redmond. Billy Free and
Howard Burrlght of Alfalfa were
also present
Mrs. Frank Ruff left on Friday
evening's train for Portland where
she will combine business with a
visit.
Mr. ami Mrs. Dunn, recent antr
al In Alfalfa gave a house warming
Monday evening.
Mrs. J. N. Crow, president of the
Jolly Neighbors Club attended th
meeting of the civic league In Bend
Saturday.
Mr. and Mrs. Charles Pyatt, for
merly of Alfalfa, but now of Mon
tana are rejoicing over another ba
by boy.
j Mr. and Mrs. Charles Smock are
I parents of a bouncing baby boy.
Nicolai Says
FROM JUNE 2ND TO JUNE 9TH, BOTH DAYS INCLUSIVE; YOU
CAN BUY 2 BARS OF SWISS ROSE GLYCERIN SOAP Oil TWO
BARS OF HARDWATER COCONUT, WOOD VIOLET, PEROX
IDE, CARNATION OR GERANIUM TOILET SOAP FOR 11 CENTS
S BARN FOH 11 CENTS
THESE SOAPS ARE MADE BY THE PALMOLIVB SOAP COMP
ANY, AND ARE GUARANTEED PURE
FOR SALE ONLY AT . '
The QefaaSJL Storo
PRI NEVILLE DRUG CO.