CURRENCY BILL
Continued from first page.
nor sup
ALIAS SUMMONS
In tlic Circuit Court of the Stale
gon for Miiltiioiniili Count
Peninsula Security Coiiimiiv
turation, I'laiiililT, vs. Iiinii'f (.1
mill I'.lmlrn M. Crnuehley ami I
wart, Defendants.
No. 1)8038; Dept. No. I.
To Jainei Crouclilev and I C T 1 1
Croucliley, R. Mnrkuiirt, dcfem
III tlie iritilc of the slate en
You nre ln ieby requested to n
docs not make fticts
nross the truth.
Lot us sec how those National
Bunk Hills are put into ci renin
tion:
At. n t.imu whnu fJovonimont
The power to make iron, time n0nds sold below trar a law was
to time retaliations governing rmsscd called tho National Dank
the transfer of money, and the act. This law compelled all
power, ii it, so cnoosoa, w act aa banks that wanted to become
a clearing house. . National Banks to invest a cer-
The DOWor to order as many tnin nnrrmitnirn of thi'ir r niiiul ii.iMVLT to tin? diinmliilnl niuiliiL-H
examinations as the.V See fit. Ullt in It. K. iin nnr onnt hnndt nnd i the above entitled suit with
tvwwiitl.1 hnl ..t,.J S nvn . WCCKS I rOIII U1C Mini: 111 1 lit- lirM lll' ICtl
ivry uU...i ..wvvo ... (.( thl, notice, tCMvil: tllC Mil
miiiiuiiiuiuiy uio prico ui uiusu f December. 1913. nml If you l.ni t..
bonds went up, fora market was do for want thereof, the tiiaintuf uni
created, and ever since the banks take judgment nml decree against wn
1. .i ri It, l 4t,no Iw.twlu llf H)ll0W, ll)-Vit:
,i..v .. Wmy ,,uD,,t I'lrt: I'or UicMii.i of fifteen l un u i
a prom urn, wn cn, oi course, is chly dollar. (fl.6S0) togitiicr uiu m
a loiai ions 10 me ouyiug uaiiK.
The Government taxes the
bank for outstanding bank notes,
or circulation; the bank has to
keep a redemption fund with the
U. b. Treasurer, for which it
not loss than four nor year.
Tho power of removal of
directors of a certain class of
Fodoral Reserve Banks, when,
in their opinion, they do not
represent the various industries
of that district.
The power to use thoir discro
tion to admit state banks to the
lystem
Tho power to reject members
onco thoy are admitted to the
systom.
Tho power to control the note
issue with power to grant or
refuse the application of Federal
KuguTVu Hanks lor same.
Tho power toremiiro one Kod
oral Iloiorve Bank to rediscount
for another.
mo power to donne paper
which slum he admissible lor re
discount at a Federal Reserve
Bank.
i no power io suspend lor a
period not to oxejeod thirty days
and to renew such suspensions
for periods not to exceed todays,
any and every reserve require
mcnt specilied in the act.
You surely can comprehend
the viist.niid in some instances tin
limited powers this board would
have if the House Hill should
become a law. There is no like
lihood, howovcr, that tho Senate
will mm tho bill as it stands.
Mi i
in tact, the administration is
wiling to accept .amendments.
and a great many vhanges have
boon made from the oriirinal
draft of tho bill, upon the recom
mendation of bankers and bus
iness men of the country.
I do not think the bankers in
general object to Government
control. I think this shouli
be so.
It has been suggested that a
' provision be incorporated in the
hill providing for the appoint
mcnt oi an Advisory Hoard, com
posed of one banker from each
district in which a Federal He-
servo Hank would be located,
Throe of which would have the
right to sit in the olllcial meet
nig of tho I'oderal Reserve Bonn
and report their actions to the
members of tho advisory boan
as in tho case oi the advisorv
terust lliereoti until niI. nt the .ik
eight (8) k.t cent er minimi Ir ilu-
12IH day ol Matcii, I'jlii.
Second: l'ur tlie sum ul two luiti.lit.l
dollar. (f'200) uh attorney's fee
Third: flint the uiml decree of lure
I closure for the sale of the following des-
,.,.,;, .,.u tin iii,...iui ii lw.,,.u tlwi crlbed tireini, to-wlt: Lots elum illi
cost ol shipping and insurance,
as well as other minor expenses
and it cannot count those notes
into its legal reserve. This ar
uncial marKci has saved tno
Government millions of dollars
annually in interest, for it could
not float such an immense issue
at two per cent, but would have
to pay three per cent
Now as to the loaning of this
money: il, lor example, the
bank with which I am connected
(1'2) III block twtlilv three
(2.1) Point View Addition, Mtilliiuiii.di
County, Oregon, ncconlilig to the re
corded jiIhI thereo' on file In the office
of the County Clerk of Multuoiiiiih
County, Oregon, be entered, nnd that
the Sheriff duly sell the some according
to the Inw ami iraclice of tills court.
l'ourth: That the proceeds of the sale
be npiilted to the several sums of money
due the plaintiff, nml that lliedefewlaiils
and each of them mid all pcrwJni claim
ing under or through the halddefemtauts
or earh of them Milseitiufil to October
in, 1D12, the date of the execution ol III.
hi i c 1 note and mortgage tiimn the .aid
either as iiurcliascrs
When you Shop, Shop
at Boniiam
;urners
Christmas Suggestions
AT THE
MEN'S TOGGERY
limit i idlnnr n iiiirnlni&i'ra tir mi
buys Say $f)0,000 Worth of GOV- cumbranccrs or otherwlw, be liarrcd ami
ernmeilt Bonds, It has to pay foreclosed of all equity of redemption in
gold for il, as we did, also a
premium which we charged olf
our dooks. Does any tine here
think that we could not loan this
$50,000 as advantageously as we
can the same amount, alter we
converted it into bank notes?
Does any one here think that
there are very many banks in
the country that could afford to
invest in two per cent Govern
moiit Bonds and keep lliem in
their vaults, and then in case
they needed more money, go
to tho Government and receive
bank notes for them?
More it is whore tho bond so
cured currency inns to periorm
i Us proper function. How many
banks can afford to make such
investments when they pay ; or
I per cent, and in some in
stances, higher on deposits, cover
all expenses and taxes in opeint
the wild premises ami every tutrt thereof
I'ilth: flint sale be made of the said
premises, nml the execution Issue auaiiKt
thcsald deleudants, JaiuesCrouchtey mid
i'.lmlrn m. Crouchluy, and cadi ol them
for any deficiency which may remain alter
applying nil ol tlic proceeds ol the sale
ol said preiubcs properly appllcalde to
the satisfaction of the said judgment ami
decree.
Sixth: I hat the plaintiff or nny oilier
imrty to this suit tuav become Minluuer
at tlic Mild wile, and mat lllcblierlll Issue
it certificate of sale to the said purchaser
or sold pruuiiseN, ami thereafter a
Sheriff's deed If the mum is not redeem
ed as provided by law and that the pur
chaser be let into ixeloii of the
ptcmlses ukjii production of the .Sheriff's
certificate of sale therefor.
Sevuntli: That the plaintiff have such
other nml further orders nml relief as
may to the court seem couilahlc and
just.
I'.Milh: That the plaintiff have his
costs and disbursements ill this suit.
Service of tills Summons is made umiii
you liv pulillcalloii of the same in the
St. Johns Uevlew, n weekly ticwsKincr.
for six successive weeks by virtue of an
1
imr llin liimlfw udiiidi urn I iv no order sluitnl by the Honorable I
means small, and still earn a ro.K:' 'ffi
turn on their capital invested
What sort of a man is he who
simply plays hall with figures
and never minds the facts, so
long as he can create a prejudice
in tiie minds of the people giving
himself out as savor of the poo
board provided for in tho Reiehs pk- and making political capita
Bank of tiermany. Hut even out of the traiuaction?
with this leaturo it is thought The Bank of lOngiand, as well
tho powers of tho I'odoraJ Ho- us tho Roichs Bank of Germany
nurvu iMiiii u niiuiiiu we reHiriuieu
and thoir duties more fully
donnod.
Thoro is quite a difference of
opinion as to the issuance of
bank notes. The present admin-
iniiiiLiuii nun iiiujiii iiv iinriy in
CongroHR hold, as I stated before,
that such notes shall be iaauci
tlirough the Fejlend lvoserve
Hanks, and be obligation of the
(.lovornmenl. Such notes would
i t
no suuuroii uy commercial imner
to tho oxtont of the par value of country I believe, hut tho spec
issue thoir own bank notes, based
on commercial paper and gold
reserves, ami I do not think you
ever heard that their notes were
not considered good.
I here are also people who pro.
Date of first publication the .list duv
October, 111 lit.
D.itu of last publication the l!th oa
of December, UH.'I.
I'KIIUV C. STItOU).
Attorney for I'laintlll,
l'ltst National Hank building,
St. Johns, Oregon.
SUAl.MOiNS
In tho Justice's Court for St.
Johns District, Multnomah coun
ty, btato of Oregon.
U. U. Handy, l'laintill. vs.
Isaac Bacus, Defendant.
'Io Isaac Bacus. Defendant:
In the name of the State of Ore-
When you shop, shop at Boniiam &
Currier's
The eoofls Purchased this season for our
Holiday trade in the main Store com
prizes the Men's practicable articles in
which are included a well selected line of
Hankerchiefs, Sweaters, Knit Goods,
House Slippers for Ladies and Children,
Rain Canes for school use; substantial
fmmcs, tlic Character Dolls, and Building
Educational Blocks.
The Grocery Department is supplied with
all the things to tempt the palate, besides
many things of gilt nature in Dishes,
Crockery, Roasters, and Cookers, Perco
lators, and Aluminum Ware.
A.
Klorshuitti Shoes
Ilonsu Slipptrs
Nliby lints nail Cups
Until Robi.H
Sniokhu: Jackets
Suit Ones
Uinhrcllns
Sweaters
Dress Gloves
Arrow Collnrs, Arrow Sliittg,
'Military finish Sets
Safety Kuzors
Silk Stl.spmKlcr.s
Silk llnukcrchiefs
Iyinon " -Initial
"
Silk iVeckwcnr
Tie Pins 4
Tic'ClnKps,-
CuTf Miiks
I'ookct Knives
Tie Sols
Collnr nnd CuiT lSug4
SnioekiiiK Sets
l'tir.ses f
Wnt5h l-'ohs " ,
Kancy Arm lliiiuls f
Hulls
Hosiery Sts.
I-
No matter when you Shop, Shop at
&CURRiER'S
SHOP EARLY
tho amount of the notes, thus
received by any Federal Kwiei've
Hank, bueh notes, when paid
out by that bank, would become
a lii-s t lion on all or its asset.
You will aeu thit these notes will
bo ueoiired
KiitU By the credit of the
uovorumeut.
Second. By a ipecilic deimsit
, i , , . i i ... , .
t ci inai as soon as t no nronosot tKi j" iu nurooy ret u iron to
currcney bill is a law that there iippeiir and answer the comphiiut
will be plenty of money for all i the above entitled action on
Mini one can have it merely for ' before tho 20th day of Decem-
the asking. That there will bo ', 101!.; and if you fail to so
sulllfiont money to take care of nnnwor for want thereof, Plain
the legitimate business of the till' will take judgment against
you I or tno sum ot two hundred
and twenty delimit and eighty
seven cents, besides the cosU
and disbursements of this action.
and an order of sale of tho prop
erty of defendant, which is un
der attachment in the above en
titled action, and which is in
saitl county and state, ami is do-
of Novombor. 19151.
J. 13. WILLIAMS.
Justice of the Peace of St. Johns
District. Multnomah county,
oinio oi uregon.
ulator and promoter will lind it
larder than over to have the
banks linance tlieir schemes, for
ororv bunk will cuili'iivm- Inonrrv
assets of such nature which will
possess tho duality of rediscount
anility. Ibis is as it should he.
No commercial Imnl; wluinlil
lend itself to help speculative scribed as lollows, via: KiO
airposiw or takeover permanent polos, 7a ciiickons, ono calf, one
nvoitniontii. as it is nrinciimllv Plo of lumber, four cows and
tho people's money over which P buggy; proceeds of sale to
il is custodian and trustee, and e applied on payment of suit
for wh en it must bo ready to judgment and costs and disburse
miilra im iii-crniMt inir nml n,n. I110IUS Of this linlinn
como a first lien on all tlie assets nient at any time. This summons is published by
01 Hint UanK. 1 franklv admit that thorn n.n order of J. I-. Williams.
It is heal thst the tlovurnmont 1 1 l.lllKtii'onf tlw I
m . - I "'til I X. i lft IIIVW I I I I BillV;t 1111 I V (MU W V
Hiioiiui uoi uiuioi'uiKo to uuar-1 LTimi (mist nliii'i'il iii ilium mi, 1 1 named District (inlv niiido on tin.
aHagenend rule it has not taken "Hi day
the iiwiple of a community very
long to ascertain who they are,
But when I sneak of bankers.
- . '
1 mean the average hankf r oner-
ating on legitimate lines all.ovoi
tne united ijtates. and who are t
reimtable. and these men should LCfll Veil fVl a V I Q
. i... i i.i ...Li. i .. .1. . .
Hill IH' IIUIU IICI'IIUIIIIIIUU nil' wiu
sins of the few. . will find
that bankers are as a rule trust
worthy men. and that the nrac-
tice of a community is to trust
litem largely without implication.
1 think thoy are trusted moro
than any other class of business
men. 1 ho tmnkers always roalizo
in order to have thoir banks
prosper ami in good condition,
the people must prosper, and
that no panic is a money maker
r.. .1... i i i... i..
nil lilt' UilllMM 111' lilt' IIL'UIIIO. let. I
Congress should not considor T nhIK hlimiNirP
.,i;i !.... I i. i. wiiiiu i uiuuuiv
Iiiiviviii inn tiiiKiva mi nun UK I ti
nt 1011. but bane it on sound and
economic principles, which are
!nmifikt Minn intr ri
. I . biviuvi Vllllll ft( fcj Willi IUI III?.
Our present bank notes arose- and I sincerely hope and boliove
curod by U.b. Bonds. Now nml I tl,.i r.m.i....l!:,i,i.i , ;u, . ....
uiuii ww mm mm some one u
exclaiming in frantic fsshion how
it.-. 1 1 . .
uiu uaiiKs oi me ctaintry are
robbing the Government ami tho
peoplo. Just recently one of
our own ronresonUtives in Con-
gress, 1 bollovo, made tho state
ment, that tho Government is
lending tho banks ono billion
dollars at ono per cent, which
thoy in turn loan to tho pooplo
at 8 or 10 nor cont. I presume
he referred to tho National Bank
notes, Of courso such a state
ment doos wonder in winning
his audionco and m sting pro
juuico against the uanks, inn inglorious olhiiatQ of tho state, I Not. the
by the federal Beserve Bttnk of
commercial paiior einial to the
itmoiint of tlie notes received.
mi. ... tin . .
i iiu i. vvnen m i out or a
Kedeiid Kosorvo Bank thoy be-
nut ee thoae notes, as under the
plan they are slremlv amnlv
suourud, mid that it would put an
uuiiocoaaury resiwnsilillity and
burden iiikiii the Government,
wiuoli might enlist t'liilmn-ass-
mont in times when the Govern
ment would want to use its credits
ireoly and unhampered, as inl
im ciiihj oi war wiui x loreigu
nation, it is further held that
tno manner in which they must
bo gotten into circulation would
have a tendency for nidation.
for a wink note, once it bus
sorved Its purpose, should be
automatically redeemed.
A bank note is not money, and that
suouiu not ue contused with rotd
money. It is an instrument of
credit, but the public knows
they aro fully secured and thoro-
foro generally accepted as money.
Thoy perforin tne same func
tions as checks, nnd like checks
thoy should be cancelled when
paid.
tromr
personality and will power, ami
with the help of earnest and
able men in and out of Congress
will put a law on tho books that
will bo fair to all, for it will
roach every citizen, humble or
rent, rich or poor, banker or
armor.
8
A California man, who was
married tho othor day at tho acre
of 81, says ho has kont young on
olivo oil. Ho is not a truo Cali
fornium howovor. or ho would
attribute his good health to tho
glorious oliimuQ of thy state,
205 S. Jersey Strot
See us for the Choicest Cuts of
the Best Meats Obtainable.
Order ritlrtl and family Trade bolldUU.
T. P. WARD, Proprietor.
Company
Gus Salmond, Mgr.
New and Second
Hand Furniture
smmmm
Com Show Excursion
TO
PENDLETON, DEC. 5th-6th
Low Round-Trip Pares
From All Stations In Oregon On the
Oregon-Washington Railroad & Navigation Co,
Sale Dnto
Dec. 1 to G
Inclusivo
1913
Finnl
Return Limit
Dec. Stir
1918
$1,000.00 In Cash Prizes
To W kivcii fur the bt Uxhiti.t of Corn jfiwii dtirfnr 1913
in country tributary to the 0 V R. & N.
Every Corn Grower should otitvr his products in thU oontofit.
Every Farmer should atleiul the shows which nre the first of
the kind ever Kiven by a Railroad in the Nertluvwt for the bunefit
of people nnd communities a long its liues.
Ak Particulars of any Agent of the
O-W R. & N.
lumber:
Rough,
Dressed,
Flooring,
Finish.
Prompt
Deliveries.
Quality
Guaranteed.
Slabwood !
Dry,
Green,
Blocks,
Trim 111 ings
ST. JOHNS LUMBER CO.
Phone Columbia 131
f -f
4
R. A. JAY Nil, Al. D.
Offue over Fu'it Nalionnl flAiilc
Olfico Phone Columbin 262
Rci. i'lione Columbia 196
O. .1. QATZAIYIjR
ATTORNEY AT LAW
McDonald Hulldinu
ST. JOHNS . . OREGON
PERRY C. STROUD
LAWYER
First National Dank Huildlng
ST. JOHNS . . . OREGON
THAI). T. PARKER
ATTOKNin AND COUNSELOR AT LAW
Rooms 7 anil 8
Ilollirook IhiililiiiK ST. JOHNS
OIL KAMBO
DENTIST
I'lione Coluuiliia 51
First Nntlmml Hunk bulldingt
ST. JOHNS, OltlGON.
ER
IK WOMAN'S BREAST
'ALWAYS D:CINS n SMALL LUMP LIKE
, THIS M'J ALWAYS POISONS 0 CEP GLANDS
IH TIIE ARVPIT AtlO KILLS QUICKLY
ft
i wn. ei
1
1
DR. J. VINTON SCOn
DENTIST
Open Evenlnffs and Sumiaya bj
pointinent.
Ollice I'lioiii- Columbia 140
Ktililent riioiw Coliitubia 3S
Ap-
IF I FAIL TO CUREar.y CAKGCR orTUMOfi
I TREATBEFOnE il Pclssns B:ss crDeep Chads
noKHirt or pain
No Pay Unlil Curedi
No X Ttiy or tlttr
wlndla. An Ulaml
plant nulutha cura
ABSOLUTE CUiP.mtf
Any TIMOR, LUUP 01
Bote uii ilia Hp, f ra
arlHHjylrngu r , r
It Ntvtr riini unlit u
U;. KOlAdC bOu
Jrot (mi ium n il U
tScuual rurol at luiria
tVUITli Tt MUUU
ANY LUMP IN WOMAN'S BREAST
U CANCCR.
Lima 1 bo uio.
We reluto tlioutanili Dylna. .
Wo bavo rurvu 10,000 In 20 vm.
H. HENDERSON 311 North Jersey Street
Real Estate, Loans, Insurance I
Bought, Sold and
changed
Ex-
Attracts of Title TreiMircil.
Accurate Work Guaranteed.
PILES
amcuratil. AllVtnd.
man aulffrlns ami
ilaiuivr 1h CAUSE
lui iHl.rlt.L
Dr. Lvunhardt'a
HEM.Hfliri
lakleta rrluc amaaintr taulla by attaVlnK lh.
INTERNAL CAUSU Th. ptlra ara dri.J un anJ
Iwnnanrniiy r ni. it cava irmimtnt. i
lit. 1.KONII AltDT CO.. Ilulfalo. N. V. ifrt I.
St. Johu'a rbarmacy ud all druggliti.
11.00.
Ubal
on your paper,
How Is Your Title?
Have your abstraats made, con
tinued or examined at the Peninsu
la Title, AbMuct and Realty Co-
NOTICE TO ADVERTISERS.
1 r
In order to Insure a channe of ad
'vertitement the copy for such chance
tiiould reach this office not later than
'Wednesday, at 3 o'clock p. m. Please
Accurate wort Konsonnhlf. (fit. "d av the printer
II. Ilemlerwon, innnaKtsri 3li North
Jersey street Adv
Not the labeln your paper,
SuUsoribo f'r tho St
. ua keep t)-Ett(l oq
the city.
loqna Hovlow
the Uoluga ot
LAUREL LODGE
No. 186 I. O. O.
Sr. JOHNS. OHCGON
Meets each Monday evenlnirln Odd FeH
Ions hull at 7:.to. A cordial welcome to
all visiting bri)tlu'r.
Clias. II. Iloy.l, N. O.
Alex, S. Scales, Sec,
IIOLMfS LODGE NO. 101
KMGIIIS or PYIIIIAS
Meets every l'riday nijjlit a'
7:30 o'ciirtk in I. O. O. I'
ll.ill. Visitors always wel
come.
It. K. .MAXl'IHLDiC. C.
I). 1'. IIOUSMAN. K. R. S
DORIC DODGE NO. 132
A. r. and A. M.
Regular communk-ations
r ou first Weduesdavs of
yS7y each month in Itickuer's
N Hall. Visitors welcome.
Itrnest S. Ilarri'itjton. V. M.J
John Nocc. Secretary
JOSEPH McCHESNEY, M. D.
Pliysidun and Surgeon.
Day & Night Ofllce In MrChesney blk
St. Johns, - Orcf on.
C. O. BOYER
PHYSICIAN AND SUROHON
ST. JOHNS SANITARIUM
Comer Chicago street and Smith
avenue. St. Johns
Office hours: 10 to 12 a. 111. daily.
Aho at Medical liuitdiii, l'oitland
1 to b p. m,
Address DR. & MRS. DH. CHAMLEY& CO.
A 436 VUEKCIA ST., SAN FRANCISCO, CAU
KINDLY MAIL this to seme one with CANCER
Office Phone Columbia 24
Residence Phone Colutnhia 198
St, Johns Express, Transfer
and Storage Co.
Piano Moving a Specially. Haul
ing done to and from Portland
Ue.side11ce .100 Hast Richmond
Office 103 North Jersey Street
Daily trips to Portland.
CHAS. SAGRRT, Piot.
ORDER EASTERN STA
tP Minerva Chapter No. 105
Mtets Kvery l'irst and Third
f Tueaday livening of HacU
Y Month in Ilickner'sIIall,
Rnhy R. Davis, Worthy Matron.
Airs-. Susie Rogers, becrelary.
We buy or sell St. Johns Property
AlcKlNNEY & AVIS
Real Estate
List your property with us if you
desire to sell quickly
202 N. Jersey St. St. Johns
J. R. WEIMER
Transfer and Storage
We deliver your coods to and from
all parta of Portland, Vancouver, Linn
ton. Portland and Suburban Eznress
Co., city dock and all points accessible
oy wagon, r una and furnttura moving
The
Bungalo Grocery
ct. Johns, Oregon
Good Things to Eat
Would be pleased to have your
. patronage. Motto: Quality
Phone Columbia 1
and Cleanline.vs
G. W. RICHTMYER
free Delivery
You get full weight and first
lualtty at the Central market. Just
try awhila.