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About The morning Astorian. (Astoria, Or.) 1899-1930 | View Entire Issue (Sept. 25, 1907)
"WEDNESDAY, SEPTEMBER 15, 1907. THE MORNING ASTOIUAN, aSTOniA, OREGON. RUNT FOOTBALL PLAYERS. lAUlANY, Or., Sept. 24.-Muh rnt ling U now Iwlnii lmi the ooitiita ml itudi'iile ttt the larger culliifff hmt miluMvtf Ihm lit MMnlilllit ' iMIful fiUltlmll maUrlnl for this year's eleri-ns. rne school are all W'Diiiti)( tint state otid va going ouUlile tlm tnt limit to obtain players of ability, from reports it seems that Hi rate for athletle su remaov In the Northwest In to b lianl fought thl yr. It U even hinted that "glutting" methods are bel"K rrtd to In limn j1 of the larger Institutions. It I learned on good authority thnt 1 niiiii-, lr of Albany football players liavs been jtlven olfcrs provided they would come to certain colligi here In the vlly and try for the football team. , At Corvallls, It li laid that there U onldrille work being done Jimt now In Inducing player of repute to enter school. Coach Noruross passed through Albany title morning on hie way to Kastern Oregon where he ie said to hae aome (Jn football men In view. It l lo learned that lndgras of lat year's eleven le now In Koerburg looking up promising "material." Bundy, an old football liar of 0. A. C ie another who ie ld to be out after good football men. Whether any Inducement le being offered prospective itudente by the management 1 unknown, but to an outsider wis means of sectoring etudente le not a high order of "clean athletics." One Albany man la said to have been told that If be would come to Corvallli to achool It would coet lilm nolhlnf, not even hie car fare, and that all he would hove to do would 1 to agree to uome over on the noon train every day during the .foot ball aon and practice with the team, that he might return In the evening after .t.. . practice. . , j CEMAlf WINS BALLOON RACE. iniUSHKLS, B-pt. 24.The interna tional balloon race which etarted from here Sunday, aud the silver cup given by the Belgian Aero Club, wa won by thn German balloon Pomnern, which, nfter 30 lioure, alighted at Bnyonne, France, a distance of about 820 miles. ThU oftn hae been exceeded In the Iot. . " Chamberlain's Cough Remedy On4 Of The - Beat On The Market . For man Team Chambcrlaln'a Cough Remedy hae constantly gained In favor and popularity until It la now ont of the moat itaplt medicinet In uae and baa an enormoua sale. It la intenaea especially for acuta throat and lung 01- aeaeea, such aa eougni, eoiaa ea croop, and can always be depended upon. It la pleasant and aafa to take and la un doubled! the beet In the market for the purpoeei for which It la Intended. Sold by Frank Hart and leading Drug glete. , , , , ? It l a well known fact that peraona living lil the Fine foreata do not suffer from kidney dleeaaea. One doaa of Pin eulea at night ueually relieves backache, 90 days' treatment, 11.00. Your money refunded If not aatttflad. Sold by Frank Hart Drugstore. ' BANK L OUR MOTTO Perfection in Workmanship Promptness in Execution Satisfaction In Prices. ThatVAU W. C. LAWS CO. i Plumbers a Steam Fitters Recognized Agents in Astoria for theliTHEJ AMER ICAN RADIATOR'CO. FINANCIAL. First National Bank of Astoria, Ore. UHTAHLISHEI) 1880. Capital $100,000 1. Q. A. B0WL8Y, President. CIUNK PATTCN, Cashier. O. 1. PETERSON, VlcePresldsnt. J. W. GARNER, A'4etant CsaMer. Astoria Savings Bank Capital Paid In 100 .000, Bnrpine and Undivided ProBU 180,000 Transacts a General Banking ilualness, Interact Paid on Time IwposlU FOUR PER CENT PEIt ANNUM Eleventh and Duant streets. ASTORIA, OREGON. Tide Table for September SEPTEMBER, 1907 SEPTEMBER, .190 High Water. A. M. I P. M. Low Water. A. M. P. M. Date. h.m. ft. h.m. ft. Data. h.m. ft n.m. ft. Monday t 1:28 8.4 3:02 8.5 Monday ., ..... 1 7:50 0.6 1:09 1.1 Tuesday 10 1:08 '8.2 8:85 8.6 Tuesday ., ..,,10 8:13 (.8 8:60 O.t "Wednesday .. ..11 1:62 7.8 8:11 8.8 Wednesday ., ..11 8:67 1.4 9:86 0.8 Thursday .. ...12 8:40 7.4 8:60 8.8 Thursday 12 9:40 1.9 10:27 0.9 Friday 13 4:87 6.8 4:38 8.4 Friday ,,1 1310:22 S. 6 11:17 0.9 Saturday ,. ...14 5:46 1.1 6:82 8.1 Saturday 1411:15 8.1 SUNDAY 16 7:08 6.9 6:88 8.0 SUNDAY 15 0:87 0.8 18:10 S.6 Monday 18 8:84 6.1 7:64 8.0 Monday 1 1:68 0.7 1:60 8.8 Tuesday 17 9:47 6.6 9:07 8.1 Tuesday 17 8:10 0.4 9:16 8.6 Wednesday ,. ..1810:41 7.110:18 8.6 Wednesday ., ..18 4:15 0.0 4:26 8.9 Thursday 19 11:26 7.7 11:08 8.8 Thursday 19 6:08 -0.1 6:11 1.1 Friday 20 12:06 8.1 Friday 10 6:63 10.4 6:12 1.1 Saturday .. ...11 0:00 8.9 12:42 8.6 Saturday II 6:85 -0.3 6:62 1.1 SUNDAY 22 0:45 8.9 1:17 8.1 SUNDAY 12 7:12 0.1 7:35 0.1 Monday 23 1:30 8.6 1:62 8.9 Monday .. 23 7:60 0.5 8:18 0.6 Tuesday 24 2:12 8.8 2:28 8.8 Tuesday 24 8:25 1.0 9:00 0.6 Wednesday .. ..26 1:68 7.7 1:06 8.6 Wednesday .. ..26 9:05 1.6 9:45 0.7 Thursday .. ...26 8:43 7.1 8:43 8.3 Thursday .. ...18 9:46 1.3 10:83 0.1 Friday 27 4:85 6.6 4:27 7.9 Friday 27 10:24 2.9 11:23 1.1 Saturday 18 6:84 6.0 5:14 7.5 Saturday 28 11:12 3.6 SUNDAY 29 6:47 6.8 6:12 7.1 SUNDAY .. ...29 0:21 1.3 18:15 4.0 Monday 30 8:05 5.9 7:21 7.0 Monday 80 1:25 1:4 1:35 4.1 Speakers Give Views at Ban- kers Convention WANT STATUE TO REGULATE Strongest Demand For Postal Savings Banki From Section! Where Dishonest Methods Betray Trust of Depositors. ATLANTIC CITY, N. J., 8pt. 34- Willlam Hanhart, secretary of the sav Inge bank section of the American Hankers Association, in a speech before convention of the a'noelation today on "Uniform Laws for Savings Banks In the Various Htate" said that a many national banke had savings departments nonducted with the permission of te United Slates Comptroller, whose sav lng should lie safeguarded and pro- teHed by national legislation. Mr. Hanhsrt suggested the desirability of a Federal statute regulating the business under the following oonditions, ' "It Is not possible, nor would It be desirable or fair, that savings banks should be preferred creditors but in per milting banks to open savings depart1 ments, the deposits received in this de partment ahould be segregated and in- vet-d in the usual eastern savings bank proportion, that is, say 60 per cent in loans on bond and mortgage on a 60 per cent valuation, and the remaining 40 per cent in United States, State, mu niolpal and first mortgage nilroad bonds. This would give a great secu rity nd stability to that branch of the busines, and at the same time, and to a certain extent, accomplish an object which has been the subject of much discussion within the last few year, that is, the investment Of deposits In national' banks In loans on real estate. Such legislation as I propose, whilst committing national banks to invest in realty loans, would perforce limit the amount of such investments to 60 per cent of their savings deposits, and no one, I think, would seriously object to this." "The cash reserves, I think, should be kept on the same percentage basis as their other deposits, although this la a matter that could be further dis cussed; a smaller reserve may be found to be qulU euffk-lent. You are aware that in our large Eastern savings banks 5 per cent reserve it considered a con servative one, and rightly so, for sav ing bangs deposits, although usually paid on demand, jet are subject at any time, or may be made absolutely sub' ject to a not ire varying from ten to ninety days. I might here mention that tlije new Connect iount law regulating savings departments exempts auch de poults from the cash reserve provision, which applies to their commercial de posits, Another advantage of the proposed law would be that it would tend to set tle to some extent the question of pos tat savings nanKa, wnicn nas been so ably discussed this day by Mr. Harwood, because it would provide a safe depos itary for savings in many small places having a national bank, but where the conditions do not warrant tha eatab lisliing of a bank doing onlv savings business. I think our savings banks are nearly nil opposed to postal savings banks, and I would now refer to the many reasons for this opposition, but to my mind the one paramount objec tion to the Government Postal Sav Ings bank is that our government should not go into the banking business, al though it has already established itself in it to some extent through the money order system." Yalliam R. CreiT, secretary of the Cleveland Savings anil Lonii Company, spoke 011 "Uniform Laws for Savings Banks in the Various States." He said In part: N ".Many state have exclusive saving banks, while in other states the national and commercial banks as well as trust companies have savings departments. To properly safeguard the interest of depositors it is not sufficient to enact laws for the guidance and control of the exclusive wivings institutions, but tesc laws should apply wieh equal force and lie just as binding upon any bank or fir 1 ac isJLCJkriii A dose at bed time usual ly relieves the most severe f case' before morning. a . 1 j m SO days' treatment for $1.00. Satisfaction guaranteed or money refuoded. FRANK HART'S DRUG STORE BACK-ACHE a Ji't I i Cures Coughs. Colds, Croup,' La ttrippe, Asthma; Throat and Lung Troubles. Prevents Pneumonia and Consumption F. T. Laruin, OwlDrug Store. THE ORIGINAL . a LAXATIVE HONEY and TAR In the ' YELLOW PACKAOB firm fiat solicit or aofepts savings deposits, whether it "be National. State. or Savings Bank, trust company, pri vate barnc or department store. It i apparent, we .believe, that only on hanic ami vital qijeticm can laws be framed that can b enacted uniformly In the various stali, as it is hardly possible to draft a savings bank bill In Its entirety tbat will meet local con ditions the country over. The excellent laws governing saving institutions in the Kastern and New England States can wrve as a ituiile In other States win-re additional tlcgUlation is desir- bin. -- One of the greatest bcnollts accruing from the laws of other States Is the fact of their being uniform In their phraseology. Thus a judicial decision in one State on a given statement of facts may prevent the same question arising in another State, if the wording of the act is the same. "There should be a law in every State exempting savings deposits up to a rea sonable amount from taxation. At present many of the States place a tax upon thrift. "A rigid uniform law regarding the Investment of funds is a prime necessity Abike it apparent that the safest place for savings is in a savings bank and thus save the people from the mael- storm of speculation. "If a bank engages in more than one kind of banking, its savings deposits should be invested in conservative aecu rlties, and the accounting of such de posits and investments should be kept separata and apart, and in case of dis aster to tha institution, such invest ments to be held exclusively for the benefit of the savings depositors. By appropriate enactment the Tights of minor and married women in their accounts should be made uniform, joint, and two-name accounts, as well as trus tee accounts, or deposits made by one person fop the benefit of another should be covered by a plain aud uniform statute, "In other words, those vital ques tions, which are usually covered by the rules of well oTganixed and intelligently directed savings institutions, should have proper enactment into a uniform law in the various States, thus removing from the fields of conjecture all doubts as to whether such rules are a binding contract or not. 'P. LeRoy Harwood, treasurer of the Mariners Savings Bank, of New London Ct., In an address today on postal sav ings banks at the convention of the sav ings bank section of the American Bankers Association declared that the strongest demand for postal saviiajs banks come from sections where im proper and inadequate state laws have permitted dishonest bankers and Irre sponsible banking Institutions to betray their trust. As a corrective agency and on which might obviate the necessity of establishing a system of postal savings banks, Mr. Harwood suggested: "I have tbought for some years that some sort of general governmental su pcrvision of savings institutions would be a good thing. By this, I do not nient that the Government should as siime direct charge or supervision of tlte banks themselves, but rather a gen eral oversight and advisory attitude towasd the state governments, which should, by all means, have the direct supervision of the banks in their ter ritory. This would have the effect per haps, of bringing about better and more uniform investment laws and better ex amination and supervision of the banks, where today each state has its own method of handling thia business, some good, some poor. The expense to the (jovernment would be so small aa to hardly be worth mentioning. The cost to this government of postal savings banks would undoubtedly be very great. The savings banks of this country are conducted at an annual expense of about one-fifth of one per cent per dollar of deposits, and it is extremely doubt ful if this could be matched by the gov eminent, even after many years of oper ation. A great .disadvantage which has been repeatedly brought to attention is the fnct thnt the monev which niav be deposited with the government is im mediately taken away from the locality to which if belongs, and thnt locality deprived of its use in development of its business and property. . That, of it self, is a most serious objection. The Western or Southern community, to which the postal savings bank idea would appeal, needs all its moneys for its own development and use. The mon ey should be gathered together and loan ed back to tlie communities on mort gages and notes. The rapid development of the eastern states has been due in no small port to this principle, and the West and South should not be deprived of these advantages. It is necessary, therefore, to devise some plan of keep ing this money nt home. The mutual savings banks of the East is perhaps considered the ideal savings bank and the process of establishing and building up these institutions is simple in the extreme. Were the workings of,'these institutions better understood, ' they would no doubt meet with favor In all parts of the country, and a govern ment savings bank commission could be of great.scrviee in spreading information of this kind wherever there seems, to be a desire for savings depositories." Mr, Harwood, in concluding his ad dress, offered ft resolution providing that the- association appoint a committee to investigate' the 'question of postal sav ings banks ina limited territory and Jthe desirability and acope of ft, govern ment savings bank commission, tv WARD'S TURKISH BATHS NEVER CLOSE T 539 Commercial St., ASTORIA, ORE. The only Turkish Battig, Rus sian Tub and Shower Batha - First Class and Sanitary v Night Accommodations All Modern Conveniences that are Modern PRANK F. WARD, Proprietor Phone Black 2253 Look for the Sign on Sidewalk 5CH00U BOOKS AND SCHOOL SUPPLIES ARE Exchange Your Old Books E. A. HIGGINS CO.i 9IU8IC BOOKS STATIONERY &ee the Window ; BATTERIES Astoria Hardware Co., 113 12th St. ASTORIA IRON WORKS JOHN FOX. President P. U BISHOP, Secretary. Kelson Troyar, Vleo-Praa. and Bupt. ASTORIA SAVTNQ8 BANK, Tim Designers and Manufacturers 01 THE LATEciT IMPROVED Canning Machinery, Marine Engines and Boilers Complete Cannery Outfits Furnished. CORRESPONDENCE SOLICITED ' Foot of Fourth Btreet tIIIIIIIHHIHIMMllllllllllllimIIIIMl WHOLESOME SUMMER DRINKS Grape Juice : Catawba Concord NON-ALCOHOLIC . AMERICAN IMPORTING CO. I , 589 Commercial Street; THE G EM C. F. WISE, Prop. 1 so. a Choice Wines, Liquors Harchanti lunch From f and Cijars 11:30 a. m. to 1:30 p jb. " Hot Loach at all Honrs, Cents , Corner Werenth and Commercial aSTQBIA OKEGOH WHEN YOU WANT PRICES THAT ARE RIGHT ' Write us, we're here for that purpose , The Work: We Do Anything in the electrical Business. Bell's House Pfionest Inside wiring and Fixtures installed and kept In repair.! we win De giaa to quote you prices. X OUR PRICES WILL DO THE REST STEEL & EVAART" 428 Bond Street. ' ,'..:. . Phona Mais 3881