14
THE OREGON DAILY JOURNAL, PORTLAND, OREGON
KXDDEM
III PROGRESS, SAY
KELSO OFFICIALS
Kelso. Waahl Jan. 4. Tha office of
the Long-Bell Lumber company In, Kel
so baa not been advised of the ctoeinn
ef a 'deal by the Lone-Bell compear (or
All Hammond Lambcr company mills
and holdings on tho Pacific coast. Ne
gotiations toward this and have been
under way for a abort time, butao ad
vtcee of tho closing of a deal bar been
received by Weeler Vandereook. ' chief
engineer of lha! Long-Bell company, nor
at tho office befe. Vandereook aaid that
' he 1 not familiar with any details of
the- transactloa except aa be learned
them from news dispatches.
It la not thought that such a deal
would Interfere with the proposed mam
moth development at Kelso, for which
engineering data la being assembled.
. 9ESP1TK KXIAL ASTORIA
' . INTERESTS TH19K DEAL 09
Astoria, Jan. 4. Tha Astoria Office of
tha Hammond number company, through
S. A. Rankin, manager, Tuesday lsaued
a denial of the report that the Long
: Bell Lumber company of Kansaa City
bad purehaaed I the entire Hammond In
terests, Rankin declared that the report
Waa untrue, aad that he waa at a Joes
to know how It started. A number of
men, considered well posted on tha In
dttstrial situation and the lumber Indus
try in particular, declare that they be
lieve tha deali haa been cloaed. It Is
, generally known that negotlationa have
. been In progress between tha two com-
panlea and that an agent of the Long
Bell concern Recently . made an Inspec
tion of the Hammond mill.
- Uen of the i lumber trade In Astoria
- declare that the reported Junking of tha
present Hammond sawmill here by tha
Long-Bell company, if It haa been pur
chased, ia to make room for a larger
and more modern plant to be located to
tha weat of the present plant. Strength
v la added to this declaration lnaamuch a
R. A. Long, president of the Kaaaa City
company, baa expressed himself aa wish
ing a tidewater mill on the Columbia
river. The Hammond mill here haa an
annual output of about 120.000,000 feet
or lumpen
memory of the French-loving Edward
tha Seventh, who loved Cannes so wall,
will dominate tha conference." n
Bat BalBTUle, writing in La Liberie.
warns tha English to "beware another
time we anight answer yonr proffered
alliance cornea too late and la too
- ' I.OJO br SIKH REPOftT
Kansaa Cltyj Mo. Jan. 4. (U. P.) R.
A. liong, president of tho Long-Bell
Lumber company of Kansaa City, today
denied that his company had purchased
ma t-acirio coaat holdings of the Ham
mond Lamber ; company. "It Is all on
true." he aaidl when asked to confirm
ina reported deal."
CANfilEnT
CONSIDER
RUSSIA
(Ceatinoea from fat Oae)
goods. The British premier also will
oppoee Brland's propoeala regarding
reparatlone aad will have his country
behind him In rejecting any offer of
an aiyance with. France.
GREAT BRITAIK HOT READY
TO KSTKR FRKKCH ALLIASCE
By Ralph H. Taraer
Tniua Nee Staff CormMwWnt
umosn, jan. . i'remier uriand a ex
pressed desire that before tha supreme
council settles tha otha momentous
problems before It at tha Cannes confer
ence a hard and faat alliance between
ureal Britain and France be contracted.
meets with a vigorous and emphatic an
ewer from semi-official quarters In
London.
"Great Britain wanta no alliance with
; Franca." It la declared, "and la absolutely
oppoaea to ins movement aiming at the
' conclusion of such an alliance."
- It la pointed out that the present en
tente if France will abide by the under
atandlng of more than a decade dura
tion, is aurrictent for French needs.
But before Brland aeeka an even closer
relationship with Great Britain he must
.' explain! first the recent acts which have
tended to make Franca the Isolated
power In European affairs.
If. lit his announcement made luat ba-
t" fora he left for Cannes, the French pre
mier means that the Intends to put the
S proposition for such an alliance up to
' Lloyd Oeorge. he mum. It la declared.
. realise that the recent French policy,
both in regard to Germany and the dis
armament movement, has made a writ
ten alliance even a mors remote possi
Ability than ever before.
Furthermore, officials state, France
muaf appreciate that If she were ever
' threatened again, aa she waa in 1914.
Great Britain would automatically come
. to ber aid. just aa she did when the
kaiser's, armies launched their attack
upon ber. I '
At tha present moment Lloyd George
la tar mora Intent upon reaching a pan
Kuropeen understanding, which would
Include Germany and Russia, and It may
e Juat such an agreement which Brland
, la trying to head off through bla sugges
' tlon far tho creation of an Ironclad
N Franco-British alliance.
costly."
Newberg Employes
Of Spaulding Mill.
Strike; Wages Cut
--y 'X: :-. -i;
Newberg. Jan. 4. Operations of the
Charles K. Spauldlng Lodging company
sawmill In this city remained suspend
ed Tuesday, due to failure of 1 the
head sawyer, filers and firemen to re
port for work. Tha men declared they
were striking In sympathy with tha $3
a day men. whose pay, they asserted.
waa ordered cut. ,
Officials of tha company Monday aaid
tho cot applied only to tho mora highly
paid employes.
THUG
DEHD
a r
WAG 1 8 CV1 AT 8ALEX !
Salem. Jan. 4. Salaries of all em
ployes of tha Spauldlngi Logging com
pany of this city, both in the mill and
office, except those whose salaries were
already based upon tha minimum of SS
per aay, wars affected by a 10 per cent
reduction Monday. It waa stated here. It
la understood that the wage cut doea not
appiy to common labor ; in the logging
camps. ' . ' . .
' i a
Early Wasco Pioneer
Dies at The Dalles
The Dalles. Jan. Tma nf Woam
county's first pioneers, Mahlon Hall, who
fame here In 18(1 with aa ox train, died
Tueadav and Tt vun w.
. v ? II i
40 years he waa a mall carrier in Gilliam JJ
mr.fi VHimIw Mnntl., - V j
of today were only dlmr trails through
oiien country. mi parents went to
Washington county the aame year, that
he arrived In Wasco. Thev are hnriaut
Olencoe, He was a brother of Harrv
Hall o HiUsboro and Richard Hall of
Mora For 12 years, following his re
tirement from a mall route that covered
90 miles between Antelope and Fossil,
he resided In Hood River, returning to
The Dalles to spend the winter. He was
neer married. The funeral will be held
here Wednesday.
2 PALS ARRESTED
Astoria, Jan.' 4. Recognising 'Charles
Huntley aa the unmasked hlghiraytnan
who held him up Saturday night, while
whistles and bells were greeting the new
year, L. J. Masterson, Tuesday, called a
pclioeman. with the result that Huntley
waa arrested in the Ideal poolhall. and
a few minutes later locked ia the city
Jail on a charge of highway robbery.
Masterson baa positively identified him.
A few minutes later patrolmen de
scended on a rooming house and arrested
J. K. Coonen and F. A. Sherman aa ac
complices of. Huntley. ; The latter was
carrying a loaded revolver when arrested.
while two' more loaded weapons 1 were
found in the room where Coonen and
Sherman, were captured. The police have
held the . news of the holdup Saturday
night in abeyance during the search for
the bandit. '
Masterson reported to the officers that
as he was turning into his home at mid
night Saturday Huntley threatened him
With a rnietol. rnmncllpil him trr ralnA
this hands and walk some distance to a
J secluded street beside a vacant lot, where
tha holdup man robbed him of $125. The
meB dAflaJVI that th niviwA h Lmm4
Friday In an automobile from Olympia,
Gruesofae Find on r:
River Bank Solves?
i Boy's Disappearance
- Albany. Jan. 4. A pair of overalls
with parts of human " body to them.
found Tuesday, la thought to solve the
mystery of the disappearance of Clarence
Anderson, 14, last May. He was thought
to have been drowned In tha Santiam
eight mllea east of here, aa he had gone
there with : . number of others to be
baptised,
The discovery ' was made by J. E,
Cyrus, when he was cleaning up some
debris washed on his land, by tha recent
flood. Seeing a pair of overalls In the
rubbish ' be picked them up. Parte of
the backbone and limbs dropped out.
His farm is about two miles from where
the. tragedy is thought to have hap
pened. Identification of the overalls haa been
made of those who were with the boy
on the day of - the disappearance.
There was a mass of driftwood some
distance below that place which was
washed out by the recent high water.
Dairy Association,
Returns Are High:
Astoria. Jan. 4 rvm .wi,.
out on a price basis of 46 cents a pound
lor Duiienai were distributed Tuesday
to the members of the Twr
Dairy association, the local organisa
tion formed of former members of the
Oregon Dairymen's league in thia dis
trict. The price paid Is 2 cents a pound
r.bova the ruling market price, while the
butter produced waa sold to the con
sumera at the regular retail price.
Reclamation Unit's
Organization Fixed
Bend. Jnn A lm),A.l..iu. . .
" , v i i a l i w 1 1 ui uie
formation of tha wRt
oirtrict, constituting the west unit, was
made by the Deschutes county court
" ah oriranixailon election
wUl be held February it
UMHJiWJi'Vjmninv .fmymma mm mi ui ten hh m wn wis urn m iim hh n mm nm win wm mn i
n mnnniranifiirnri nsnrrnf nuiiinrniiimniaMain a7iTiairrMffi7ii?mi?mawiTriTi?MTitMTiTM'ffiiw i-ir'-n
I BANK, I
STATEMENT
of Condition of
Ladd&Tilton
Bank
At the Close of Business
December 31, 1921.
RESOURCES
Loans and discounts, ..J...'. $16,724,775.66
Stock of Federal Reserve Bank. 60,000.00
Bonds and stocks ; . . 2,090,123.32
IT. S. bonds and treasury certificates 851.925.06
Customers' liability on letters of credit , 1,428,781.72
Customers' liability on account acceptances 568,759.68
Customers' liability on foreign bills 133,285.96''
Bonds and cash securing temporary receipts..... 285,550.00
Real estate, claims and judgments , 90,243.48
Accrued interest uncollected , 155,759.12
Cash and due from Federal Reserve bank and other banks 4,337,018.83
Other assets 49,861.54
826,776,074.38
LIABILITIES
Capital stock fully paid ..' 1,000,000.00
SurpluB and undivided profits,..,... 2,026,158.40
Reserve for taxes ioo.666.68
Letters Of credit , 1,428,781.72
Acceptances 568,759.68
Foreign bills sold , 133,285.96
Temporary receipts for bonds sold. 285.550.00
Rediscounts with Federal Reserve bank 345,049.90
Bills payable with Federal Reserve bank secured by U. &
obligations 475.ooo.oo
. Unearned discounts 54,452.61
Deposits 20,357,369.43
. 126,776,074.38
EMBER""
EDERALI
.SYSTEM
FKC5CH lianiST BRIAXD
STASD MR. 05 DEMANDS
By Ha4a Hawley
Taitaa Nm Staff CorrsnoixUfit
Paris, Jan. 4. Premier lirtand has
gone to Cannes for tho most critical In
ternational conference since be assumed
office early in 1921. Upon his meeting
with IJoyd Oeorge and the allied pre
miere depends not pnly the fats of his
w government, but that of the Anglo-
French entente, with all tho far reaching
effect upon I European politics that for
the aejtt decade will result from the su
preme council s 'decisions:
. Brland haa left with the French de
anands still ringing in hie ears that he
shall not yield on any of his govern
ment's reparations claims. 'He haa left
behind Mm as wetL considerable dis
quietude1 over the fact that Finance Min
ister Doamer, who signed: the August
agreement, onder which France was de
prived of at share of the first billion
marka from Germany, will collaborate
with the premier.
But although the preae ia pessimistic.
It la loudly cheerlnr much like the
epectatora at a football game, for the
French tears to "held 'em ta tho ardent
hope that Uoyd Oeorge will not be able
. to poaa the ball too far Into French ter
ritory. And If Brland fails to - chock
Uoyd George's rush ha will certainly
ba sent out of the game, .
Tho Franoo-Brltlaa entente was never
snore strained than It la today on the
methods to be adopted to relieve the aca
nomlo conditio of . Central kurope and
Russia, Now tt 1 subjected to the addi
tional strata of tho misunderstanding on
aubmarineaj aad the recent quarrel baa
. produced tha worst possible atmosphere
In which to begin a conference,
.. Franco's Share la the mutual conoaa
Clone wnica appear inevitable If an
agreement la to be reached, "probably
will arouse - the bitterest resentment
threat bout the nation against the atatos-
btesj consenting to any recession from
France's detnanda.
to aai me . rrencn statements are
kepeleea. however, Raymond Poincara,
writing la the Matin, "hope that the
Condensed Report of the Condition of
The First National Bank
AND
Security. Savings and Trust Company
At the Close of Business December 31, 1921
RESOURCES
The First National
Bank
Security Savings and
Trust Company
Combined
Loans and Discounts $19,342,583.65
ULS. Bonds 5,502,309.38
pther Bonds, etc 1,733,390.15
Stock in Federal Reserve
Bank .1. 105,000.00
Bank premises and other
Real Estate 920,000.00
Customers' Liability under
Letters of Credit and Ac
ceptances .... 719,674.58
Due from U.!S. Treasurer. . . 75,000.00
Cash on hand and in Banks r 6,525,638.38
Total $34,923,596.12
$1,778,152.54
433,436.17
489,926.17
133,312.50
29,550.00
527,696.00
$21,120,736.19
5,935,745.55
2,223,316.32
105,000.00
1,053,312.50
749,224.56
75,000.00
7,053,334.38
$3,392,073.38 $38,3 15,669.50
UABIUT1ES
The First National Security Savings and .
Baak- Trust Company " Combined
Capital Stock ........,..$ 2,500,000.00 . $ ,250,000.00 $ 2,750,000.00
.Surplus and: Undivided
1,213,494.44
Profits ;
Circulation 1,485,995.00
Letters of Credit and Acceptances
Deposits 28,998,292.12
Federal Reserve Bank.
479,555.69
1,693,650.13
1,485,995.00
725,814.56
29,550.00. 755,364.56
2,632,967.69 - 31,631,259.81
,Total $34,923,596.12 $3,392,073.38 $38,315,669.50
The Stock of this Bank is owned by the Stockholders of -
y- v The First National Bank of Portland, Oregon.
WEDNESDAY, JANUARY 4. KZ2.
It is probable that the body has lodred
there atnoe May. B. S. Andersen Im the
father. -
EA3T ITX fXl nr SEATTLE '
Albany College. Albany, Or, 4n -
Zeaa W. H. la at Albany coQoga, ae
cordlns; to reports reachlna the campus,
spent his Christmas vacation .under a
physician's care at- Cm home of ' his
daughter ta Seattle. . On arrival Christ,
man eve be waa m with rnriiiiriala He
la expected to return Thurwlay. . 1 f
ssae9M9SBB9SBaeB999e9BEBaSBBBBSSBBBl
t -
Statement of Condition
Luirbermeris Trust
Company Bank
at Close of Business Dec. 31, 1921
Resources
Loins md Discounts 222,798 93
Bonds, Stocks and Warrants 95S,4S9i97
Securities, Claims and Judgments. ... 4,325.00
Furniture and Fixtures SS.743.1S
Cash and Due from Banks 290,964 98
Accrued, Interest Paid and Other Assets 9,335.63
Total
.1,574,627.69
Liabilities -
Capital Stock $
Surplus tnd Undivided Profits
Deposits
Bills Payable
Deferred Income and Miscellaneous
Liabilities
500.000.00
S4.09S.35
909,778.04
56,551.40
24,205.90
Total
.11,574,627.69
Officers
Host. E. Smith, President
Carl 8. Kelty, Tlce-Pretldeat
Ira T. Walker, Treasurer
H. A. Freemas, Asst. Cashier
C F. Wright. Tlee.PresMeat
J. H. Lysea, TleePretldest
Carl DtteriBg, Cashier
Eari Pattersoa, Aist. Cashier
Directors
A. H. ATER1LL
Pres. A. H. AverUl Machinery
Company.
J A. DASAHEB JR.
lumberman. ,
D. C HEXST i
Consulting engineer.
C. F. SWIGEBT
Pres. Pacific Bridge Co.
BOBT. E. SMITH
Prea. Lumbermens Trust Com
pany Bank.
E. H, COLLINS
Timberman and capitalist.
F. I. FULLER
Vice-Prea. P. R. L. ft p. Co.
LESLIE SI. SCOTT
Capitalist
is r . nuuiiT ,
L Vice-Pres. Ballou Me Wright.
LUMBERMEN8
BROADWAY and OAK
; STATEMENT OF CONDITION
STATE BANK OF PORTLAND
of Portland, Oregon
At the Close of Business December 31, 1921
RESOURCES
Loans and Discounts 11,936,926.24
Bonds and Warrants .' 71 2,t 39.72
Furniture and Fixtures 46,'59263
Cash and Due from Banks , 478,375.3 1
Total 3,174,033.90
LIABILITIES
Capital Stock 300,000.00
Surplus an,d Undivided Profits 21,954.23
Deposits 2,852,079.67
Total 3,174,033.90
. CONDENSED REPORT OF
THE CITIZENS BANK
PORTLAND, OREGON
At the Close oT Business December 31, 1921
RESOURCES
Loans and Discounts 1,128,837.25
U. S-, Portland and State Bonds 603,438.32
Bank Premises and Fixtures 60,168.44
Other Real Estate i 4,115.00
Cash and Due from Banks 476,624.26
Total .2,273,183.27
LIABILITIES
' Capital Paid In 200,006.00
Surplus and Profits 1 8, 5 4 1.04
Reserve , 2,110.44
Deposits i 2,0S2,S3t.79
Total . . . .2,273,183.27
BROADWAY BANK
Stal
t December 31, 1921
RESOURCES
Loans and Discounts $ 468.180.4o
U. S. and Other Bonds 438,763.11
Furniture and Fixtures 23,428.39
Cash and Due from Banks........ 209,118.71
Total
i
e e 1
.1,139,490.61
? . UABOJTIES
Capital Stock Paid In 100,000 00
Undivided Profits 8,1 3 6.08
Discount on Bonds 21,866.63
Deppstts :.L...' 1,031,354.53
Total i . ....... . .11,139,490.61
-' . . ' . r
CoaoWs4 Statesuoat of tlaa Cossaltiom of
i .
Peninsula Nationd Bank of Portland
At the Ooa of BosmeM, Doc. 31, 1921
, SESOCSCXS -"
Loans and discounts..... 4 S39.940.41
U. S. bonds. ...... 4i..o.. ZTl.T2X
Stock In Federal Reaei e
bank... i 7,200.00
Bonds and securitiea.U.. Z394U.29
Furniture and fixtures... 12,000.00 -
Cash en hand.' due from ,
banks and U. 8. treas-
orer 42JA70.17
Interest earned but not '
collected ............... X14U4B
Total
.S2.12MlC.tZ
LIABILITIES
Capital Stock fully paid :
ta : I 200.ooa.aa
Surpeua' and ' undrrlded
profits SlXTH
Discount earned hot not
collected . UKil
National bank notes out-
... standinjr 2Mr0o.a
TiTidends unpaid ......... tsa.g9
DepoatU LMZZSjM
STATEMENT
Of the Condition of
The Northvestern National Bank
of Portland
At the Close of Business, December 31st, 1ST21
RESOURCES
Loans and Discounts
Federal Reserve Stock
Other Bonds and Securities
Furniture and Fixtures. .'
a
Customers' Liabilities under Letters of Credit,
Acceptances and Bills of Exchange... L.
Unit id States Bonds and Certificates. ..Tj. .
Cash on Hand and Due from Other Banks.
Total
$l,893,102.g5
37,500.00
1,S56,4G3.74
65,831.47
900,522.61
3T4.938.TS
. 4,149,1925
$19,679,556.80
r LIABILITIES
Capiul Stock Paid In
Surplus and Undivided Profits ,
Circulation ,
Rediscounted with Federal Reserve Bank..
17 ' t T" T-.-.1 r T- . t
1 uicigu anu Lfornesuc cms oi cjccnange
Commercial Letters of Credit
Acceptances Executed for Customers.
Deposits
1,000,000.00
. " 333.433.25
50,000.00
924,750.00
256.228.35
67,802.13
.. 576,492.13
. 16,470,850.94
$19,679,556.80
CONDENSED REPORT OF
The United States National Bank
Portland, Oregon.
I
Submitted to the Comptroller of the Currency
at close of business j
DEC. 31, 1921. ;
RESOURCES
Loans and discounts .$14,951,450.51
New York Call Loans 3,000,000.00
United States Bonds and Certificates. . . .'. . . . 2,688,237.11
Other Bonds and Securities 2,741,998.56
Stock in Federal Reserve Bank L . . . 75,000.00
Bank Premises and other Real Estate. . . .j. . . . 1,020,111.23
Safe Deposit Vaults j.... 95,179.65
Customers' Liability Under Letters of Credit
and Acceptance 597,469 53
Interest Earned 125S3!53
Cash on Hand and Due from Banks 6,444,413.29
LIABILITIES
$31,739,143.41
.$ 1,600,000.00
Capital : ,
Surplus and Undivided Profits ! l 74iV;"fin
Circulation j. . . . l,025,OOo!oO
Letters of Credit and Acceptances !. ... 622,219.53
Unearned Discount . , . . 35
DePsits L... 26,807,56L30
$31,739,143.41
Coosdsnttvsj
cnstoslian
1
iv ir
rsfsfl.T"
immm
5utament at dose of BusL
RESOURCES
Loans and Discounts , . . ,
Bonds ind Warrants:
Qty of Portland . 51,252.!
U. S. Government Bonds and
Treasury Certificates 737,2.:
Other Bonds and Warrants .... 1 5 1,0 1 5.
i:
Stock Federal Resenre Bank. ...........
! Stock and Securities
'Real Estate
Furniture and Fixture
Ch on Hand'and Due from Banks
UABILJTIES
Capital Stock
Surplus and Undivided Profits ......
Deposits
Reserve, Interest, Taxes, - etc..... . ..
1121
,340,161.17
939,890.11
45.345.96
134.860.83 :
17,117.49
910,715.61 v
5,400,101.88
. 200,000.00
.. 146.375.68
.. S.033.236.8S
.. 20,489.37
5.4OO,10t.8S