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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Feb. 9, 1941)
PAG2.K ielbrates: fa .F mall Slivers 4- Tlx OnTGOIl STATESMAN. Salem. Orecon, Sunday Mcmmg. February 0. 1S11 US .Bamlfc ; rrrx e S1FY, r 1. reat Financial House Ranks 49th in America Steady Rise in Deposits, Assets and V Consolidations Proves jWorth; ; ; Salem History Outlined " On Monday, the United States National bank, which has one of its important. units in this, city, will open its doors on the beginning of its 51st year. The 5th anniversary falls today. ' . v1-. c s ; - a- The United States National bank saw light of day in Portland February 9, 1891. Its national charter, No. 4514, was dated February 4, five days preecding the opening. At that time Portland had a population estimated to be 57,182 deposit stood at S77,495.94; bat at -the end of the next ten years. December 31, 1910, they had Increased to $10,362,033.53; and on December 31. 1920, they were $29,222,779.40; on Decem ber 31, 1930, deposits were $67, 849,490.33; and at the close of the next ten years, which brings the bank to December 31, 1940, deposits had reached the all-time high of $162,522,442-08, which places the institution 49 th in size among all the banks in America. , Normal growth was accentuat ed daring the bank's history by various consolidations with and purchases of other Portland banks. The first of these was the consolidation in 1902 with the Alnsworth National bank.' This brought to the United States Na tional bank two men who were destined to stand out in its future development ns active leaders. One was J. C. Ainsworth, who I Immediately became president, and the other was Paul S.' Dick, who succeeded to the presidency In 1931 when Mr. Ainsworth be came chairman of the board of di rectors. Both are native sons of Oregon and in their banking ca reers have employed every energy to the upbuilding of the state. Son of Pioneer J. C. Ainsworth Is the son of Captain John C. Ainsworth, early pioneer in navigation on the Co lumbia river and founder of the Oregon Steam Navigation com pany. The son inherited the fa ther's foresight and became one of the first and most active ex ponents of the building of paved .highways in Oregon. This was in "the very early days of transporta tion, but he foresaw a world mov ing in automobiles at some future date. In addition to his busy life as a banker, Mr. Ainsworth has also taken an active part in com mercial, industrial, public utility, civic, and educational develop ment in the state. Paul S. Dick was born and raised in LaGrande. When he was 14, his family moved to Portland. There he attended school for sev eral years, finding it necessary 'to interrupt his education and seek a Job when funds ran low. The Job was as elevator operator audi messenger with the Ainsworth National bank. His subsequent rise to the presidency of .the Unit ed States National bank was by working himself up in turn through every department and by intensive study of banking pro cedure. Prominent in Nation In addition .to his banking ac tivities throughout the state, Mr. Dick has been prominent also in the financial affairs of the nation at large. He has long been on the advisory council of the federal re serve system for the 12th district and has served, as chairman of the state advisory committee of the Reconstruction Finance corpora- Headquarters of Big Institution X ft- PAUL S. DICK President of Bank tion since that body was organ ized. Mergers with or purchase of other Portland banks from time to. time have been as follows: the Portland branch of the Wells Fargo bank in 1905; Lumber mens National bank, 1917; Ladd and Tilton bank, 1925; West Coast National bank. 1930. In ac quiring the Ladd and Tilton bank, the United States National gained a banking heritage of great his toric significance inasmuch as that was the oldest banking insti tution in the entire Pacific north west, having been established in 1859 within a few months after Oregon was admitted as a state to the union. In acquiring the West Coast National bank, it gained eight af filiated banks, which became the nucleus for the branch system the United States National formed in Oregon upon the passage of the federal branch bank act in 1933. Other branches have been estab lished by purchase of V existing banks or by founding new bank ing offices until today it has 24 complete modern. branches located as follows: Four in Portland and others in the following cities: Al bany, Astoria, Athena, Corvallis, Eugene. Grants Pass, Junction City. Klamath Falls. LaGrande. McMinnville, Medford. Mt. Angel, Ontario, Oregon City, Pendleton, and the bank was started as the 13th to be operated in that city. Despite that "hoodoo" number, it thrived and grew. Deposits at the close of the first day's business had recorded a to tal of $21,886.30, being evidence of the confidence of 15 customers. Close to the end of that first T" ,m ' '" ,'' l.J-i II I MJ .L.I . Ill Illll. I.I.I year, when the comptroller of cur rency issued his call, the total de posits had grown to $303, 92.89 which was considered j a substan tial gain. ! Rise In Deposit At the end of the first ten years, or on December 13, 1900, Redmond, Roseburg, Salem, St. Helens, and The Dalies. During 1940 it purchased the Farmers and Fruit Growers bank of Med ford, which was consolidated with the Medford branch; the historic Ladd and Bush bank of Salem, and the First National bank of Corvallis, which became a new branch for the Willamette valley ares; Salem Branch History ' The establishment of a branch in Salem dates back to July 31. 1933. when the former United States National bank of Salem was converted into a branch. In April of last year, the assets of the hostoric Ladd and Bush bank were purchased, and facilities and personnel merged with the United States National's local branch, and Salem's financial landmark, the Ladd and Bush building, uti lized as the banking home. 1 The bringing together of the customers of these two institu tions resulted in an Immediate need for expansion in quarters and during the late summer of 1940, work was started on the handsome new modern, stream lined addition which will be com pleted within the near future. To this new addition will be trans ferred many of the departments, thus adding to the convenience of the service. L In acquiring the Ladd and Bush bank, the United States National welded to itself the largest bank ing institution in Oregon outside of Portland and the oldest state banking institution in the Pacific northwest. It was established in 1869. j Executive Staff Out of the consolidated forces the following executive staff was formed: D. W. Kyrej and W. S. Walton being elected vice presi dents of the parent bank and placed in direct charge of the lo cal operation; Roy Nelson. George H. Riches and L. S. Smith as as sistant vice presidents; and Jacob Fuhrer, Tinkham Gilbert. Leo G. Page and E. H. Thompson as as sistant managers. A. N. Bush, the son of the founder, requested retirement from executive duties but has in no wise given up his attendance in the bank or Interest in its ac tivities. A. N. Bush is the son of Asahel Bush, the founder of the bank, wso came to Salem In 1850 and entered the publishing busi ness. Not content with acquiring banking quarters and operating them in their original state, ev- J. C. AINSWORTH Chairman of Board ery effort has been expended by the bank to modernize structures and facilities wherever branches have been established. As the bank has grown in de posits, it has also expanded its working capital to maintain step with the borrowing needs or indi viduals, business establishments, industries and agriculture. In this way. the capital funds have grown from the initial $250,000 to more than 11 million dollars. Total re sources as of December 31, 1940, totaled $174,116,118.26. The widespread use of the bank is evidenced by the 194.764 ac counts carried on the books at the end of 1940. Executives Listed In addition to Ainsworth and Dick, the senior executives are A. M. Wright, first vice president, and vice presidents A. A. Binford. W. M. Cook, W. L. J. Davies, John N. Edlefsen, D. W. Eyre, Jesse J Card. Frank C. Hak. A. L. Mills, jr.. W. S. Walton. R. F. Watson, and R. M. Alton, the last named also being trust officer. The board of directors is made up of men prominent in the com mercial and industrial life of the state: J. C. Ainsworth, chairman Thomas Autzen. John W. Blod- gett, jr., Truman W. Collins. W M. Cook, Edward Cookingham, Paul S. Dick. John N. Edlefsen, Ralph B. Lloyd, Ross Mclntyre, A. L. Mills. Jr., W. O. Munsell, Harry T. Nocllal, Robert Treat Piatt, E. C. Sammons. A. L. Tuck er, H. S. Tuthlll. Aubrey R. Wat zek. T. B. Wilcox. Jr., A. M. Work, A. M. Wright and C. F. Wright. British Ponder Planes Purchase Would Buy TWA Passenger Ships to Ferry Pilots to This Country NEW YORK, Feb. 8-(tf)-Brit-lsh officials are considering the purchase of five 33-passenger tratoliners from Transcontinen tal and Western Air, Inc., aviation circles reported. I , Such ships,' these circles said would be useful, in ferrying back to this country pilots engaged in flying planes from Canada to England.. The stratollners now operate In TWA1! passenger service between New York and Los Angeles. They were purchased last July from the Boeing company, for $323,000 each, but Installation of addition al equipment by the airline was understood to have boosted their cost to about $390,000 each. Panl E. Richter, executive vice , president of TWA, issued a state ment from Kansas City saying that "no offer baa been made to TWA and none is being consid ered.!' . . "Of course;" he added, "since we are In business, if an offer of sufficient Interest was made, it 'would be considered." Aviation circles expressed be lief the planes, when stripped of , devices for passenger comfort. I would be capable of carrying more 1 t h an 60 ; passengers each. and .!, could - make 4 the trans-Atlantic crossing In about 1 2 hours. ; WalkerHoi!iEll US K8XTX UPI791 rKOXt U73 i ipiifi h SS 4 ; ' f .' How Does Your Garden Grow? 1 mr . j:- I X February is absolutely the best planting month for the fig. ac cording to Oregon growers who have made a spe cialty of this fruiting .shrub or tree. The fig needs a ncn son mat Is sweet. A sour soil will not do at all. A scat tering of lime beneath the tree once a. year is beneficial. Irrigation may be necessary dur ing the driest season. Cultlva- uni x BtodMa tlon is more so. The first few years, until tne tree is large enough to shade Itself, cultivation is absolutely essential. Fig trees do not need pruning. other than to remove a broken branch or so. Only two- crops develop as a rule on the Oregon and Washing ton fig tree. B. R. Amend, well known Ore gon fig tree expert, tells that six varieties have proved particular ly, well suited to the Oregon cli mate. Of these, four are black and two are white. The lattarula, the Asiatic honey fig, is one of the best known. On the Amend home grounds near Portland there are lattarula trees wtih a spread of 22 feet that have bora 140 doxen figs i In the past season. Other varieties recommended by Mr. Amend for this -climate are the Granada, the. black. Persian fig; the Gillette, a yellow variety from France; the Negronne, a black one from Spain; and the most delici ous j St. constantlne from Pales tine. Until the past few years, fig trees have needed no spraying. Just -recently a bug, thought to be the lace bur which chews on rhododendrons, have bothered the fig trees In late summer. Spray ing the foliage with a poison FLOWERS OiSdll. florisl Court & Bisk :: Ph. 7168 spray seems to be the best con trol. Contrary to the report I heard a gardener make a few days ago, huckleberries do winter very well In the Willamette valley. This gardener remarked that the "red coast huskleberry would die In our Inland climate." A bush grows on our lawn which was planted there over 20 years ago. It was brought from the coast and set out as a small bush. Each year it still bears a fair crop of the colorful, edible fruit. I have a letter before me from a "New Oregon Gardener." She tells me that she and her fam ily moved to western Oregon late this fall and now wants to plant some of the tulips she has heard so much about from Oregon friends. Tulips should be planted in Oregon in the fall of, the year. I really thought they were planted in the fall of the year, the United States over. Some bloom may be had from spring planting but the gardener is apt to be a little dis appointed. She also wants to know when she shall start making her rose bed. This may be done at once, when ever the grouad Is so that It may be worked. This depends upon the drainage. Rose gardens should be perfectly drained, but also the soil should hot be too light to produce the best blooms. It te advocated in many rose books to 'plant the bushes bat 12 or 15 inches apart in the row. bat I find that they are less subject to mil dew It they are given more space for air circulation. I like mine at least 20 Inches apart, and J better yet two feet. Roses; are not dif ficult to gTOw in Oregon, but they do require considerable time and care. . - ' Named at Silrerton SILVERTON B6b Simmons was elected president ot the 811 verton high school stuSent . body Wednesday afternoon. Jim Ekman was elected vice president Mary Wlesner, secretary; Amos Espe, treasurer. ; J... ; I v. ; ' Retiring' officers are president, BobNeal; vice president, Kenneth Thostrud; .secretary. , .Marjory Maulding; treasurer, Bessie Stan- General Lauds Careful Guard Reveals Arrest and Jug Trip When Sentry Asks "to Be Shown" FORT STEVENS. Mass.. Feb. 8 CflPHTbe story of how Brig. Gen. John Magruder, post commander, was "tossed into his own coop" was revealed In a letter from the general to Hugh Betts, police chief of the military area. An alert guard wouldn't believe the "post commander stuff" and his insistence upon "being shown" resulted In his being commended by the general. It was Sunday afternoon. The general and Mrs. Magruder, clad In ski clothing, were exercising In the military cantonment area The general had no means if iden tlficatlon on his person when a guard approached. "The guard, Peter Conway, quite reasonably, was unconvinced by what he believed to be my 'cock and bull' story." the general said "With fairness and sense of duty, he properly insisted that we accompany him to the police sta tion for identification. I wish to eommend Conway for his correct performance of duty. If all guards were as careful, the cantonment could enjoy a high sense of se curity." USArmvCoD -i - r Sino les Fox Holes Flexible Defense Proves ' Best; Long Trenches - I Thing of Past CAMP MURRAY. Feb. t-VPh- The United States army has picked np an idea from the rag-gle-taggle Chinese soldier that has no less than revolutionized the open field fighting technique of this nation's armed forces. The fox hole has replaced the trench. No longer, are long con tinuous ditches or trenches dug in open ground when an army takes a portion of the open field. Trenches, according to com ' mending officers of the 41st di vision, are open to shelling by artillery, machine gun and air craft. Tanks find trenches es pecially vulnerable. But the fox hole that's a different story. US army observers with the Chinese army brought the fox hole back to their own army about two years ago. The American fox hole is not as elaborate as the Chinese, but just as effective. A fox hole Is big eonugh for Just one soldier to kneel in, or squat, whichever way he desires to hide. The hole is round, about three feet deep, and sometimes built up on the sldeside' with sticks and grass to keep the dirt from sliding in. The dirt from the hole is piled up about six Inches on the side toward the ad vancing enemy. The fox holes are scattered throughout the field in no regu lar order. Only a direct hit Into one of the boles can injure the occnpant. A shell bars ting 20 feet away would only blow dirt on him. A fox hole can be dug in re markably short time, especially if the soldier is under fire. But once the hole is dug. Its occupant is usually safe and snug. When the enemy advances, he sticks his gun over the mound of dirt and pours forth a withering tire. He can not be dislodged. The Chinese took more trouble with their fox holes explain officers of the 41st di vision. They made litUe tops to their holes, constructed out of the grass around the hole. When the top was on, no one could see the hole. They allowed the enemy to pass on over them, then suddenly lift ed up the tops' and attacked the enemy from the rear, which was disconcerting, to say the least. "The French lost the war be cause they couldn't forget their policy of establishing a perman ent defense. The American army has never worked that way. We believe in a flexible defense, one that can be moved 'here -and there," explained an officer. All Just Rogues To "Screwy News" Here's Some Choice Bits of Underworld Dope From Here, There NEW YORK, Feb. Burglars may be burglars, but they're human Just the same. In their own line, they're smart, dumb, nervy, timid and some times even a little bit honest. In proof, this Dizzy Digest presents Its own rogues gallery of the latest outstanding per sonalities In the land of lar ceny: Nerviest thieves: In Scotts blurr, iSeb. After ransacking a house, they climbed Into bed and stole a nap; Most botbertMBie tnief: In New York- He stole the door handles off the subway cars at the height of the rush hour; Tlmklest thieves In Evans ville, Ind. They fled when their victim yelled: "You can't do this to me!" Most habitual th In Irv ington, NJ. He 1 'p the same liquor store f 'brlst tnas for four year; Dopiest thieves: In Indian apolisWhen caught, they bad a portable radio tuned to the police alarm that was broadcast for them; Slickest thief: In Wilming ton, Del. He stole two men's watches off their wrists while they slept; Most ethical thief: In Ra liegb, NC He stole a truck load of coal, carefully unloaded It and returned the truck. And just to emphaslxe that crime does not pay, here are the loots in some recent thefts: In Mt. Vernon, 111.: 8000 po litical campaign cards; In Philadelphia: A million worthless German marks; In Troy, NY,: The clothes of a scarlet fever patient; In Chicago : A car loaded with two tarantulas and. SO black widow spiders; And In Camden, NJ.: A fam ily's unpaid Christmas bills.- 'Ladies From Hellas9 Wear j Beards'-ahd Do They Figi.? - 1 By J. WES GALLAGHER " -L Associated Press Correspondent -WITH THE GREEK ARMY IN ALBANIA. Feb. The Greek soldier who has rocked the invading Italian back on his heels is a whiskery little guy who wrangles with his superior officers almost to the point of fisticuffs, then ex pends his anger on the fascist f oeman with his officer show ing the way. The Greek soldier fights old- style with rifle, bayonet and hand grenade, for the Greek army is probably the least mechanized in Europe. - If he is panned as a "lady from Hellas." from the fact that, the Evxones still are Identified with the ballet-skirts they sometimes wear on parade, his ferocity must be measured on the Amazonian scale. He faced an Italian army mechanized to the last gadet after the German model. Tanks, scout cars, gun carriers, cater pillar troop carriers, rolling t kitchens, mobile hospitals and columns of dlesel supply trucks carried the Italians to Ionnina, Inside Greece, last October. Now they are half-way o the sen in the high country of central Albania. And the reason they are back there lies In the little man with the six-week beard and a towel tied around his ears to keep them from freezing. The average Greek soldier is small. Sports Mustache If he has been long at the front, he sports a mustache and beard snow won't make sharing lather. His naturally dark complexion has been burned shades darker by the glare of sun on snow and the lash of Icy winds. When he squats In the lee of a protecting rock to gossip with his squad, his dark eyes flash. Equipment is scarce. A Greek soldier is considered well equipped when be has a uni form that encases but rarely fits him, a rifle with bayonet. festoon of hand grenades, k a a p ra c k containing hard bread, cheese and olives, and two blankets. Until hundreds of casualties re sulted from frozen feet and hands. few soldiers had mittens or wool socks and some still have none. Thus equipped, he Is ready to get Into the fighting bat before he starts up the last ridge there probably will be arguments, i Behind the lines, privates argue hotly and loudly with their su perior officers np to and Includ ing colonels over the execution or orders. - ! Beard to Beard The argument is carried on al most beard- to beard. They gestic ulate, and - voices rise to a pitch where one expects blows to fol low. But, finally the private gives in with a mighty, ear-high shrug of his shoulders clearly express ing his opinion of the business then goes in and carries out the order with all his might. - Casualties among the officers are high, for holding a commis sion iu this army means you lead the charge. It Is the rule rather than the exception to see colonels and even generals at the front under fire. Well-led, many of these soldiers have been In the front lines with out leaving since the first day of the war. They march day after day over incredibly difficult ter rain with hard bread and cheese rations. Their clothing coated with ice. heads wrapped with towels to keep ears and cheeks from frees. rag, they. have fought their way up mountain slopes against enemy fire and bitter winds Izzfclsg down from the peaks. s - Sleep ia Bnewf . 1 When they.ftU exhausted after gruelling days without sleep, they dropped Into shallow holes scoop ed ia the snow, wrapping them selves in frosted blankets for- a few hoars .sleep, ' When they wakened, they west on again. 5 One regiment of Ersoaes car prying dismantled moantaia guns a their : backs one pt these guns and auununJtJoa nakes a (load for. a pack mule climbed -.la range of mountains 4500 feet to their first position. Then for tea days they advanced along dangerous ledges abor Klhmra i valley without .support aaV .without supplies other than taa Uroa rations ia their packs. I Men with frozen Xeet har stumbled- back from the advance lines in the Albanian wilderness. struggling on for four or five days to reach the nearest road and ambulance. -'$ . i There are no field hospital. At the- base hospitals, nurses tell of taking off a .soldier's iboot and sock to feel the flesh ot the foot come away In their hands. These same men have Joked with the nurses saying they could feel no pain aa the surgeon made imputations by cutting through frost-softened -bones with a pair of scissors, i i I Comforts Are Few i Even when the tired troops are relieved and return to base camps, their comforts are few. The field kitchens are primitive. Instead of the elaborate rolling outfits brought ia by the Italians, a kit chen for an entire Greek regiment Consists of two big iron kettles (he size ot wt&Mubs. Boiled beans or macaroni are the usual dishes. 1. Outshadowing all other factors in the success of the Greek army against Italy's . motorized forces and air auxiliary; has ? been the Apparent willingness of Greek sol diers to die. if need be, to gala their objective. This, simply Is due; to their I unshakeable, belief that they (Turn? to page 14) Your Dv7clling Insurance 1 Expires Soon? Save 20 oa the renewal with the old tine, stock company. The General Izwuraaeo Company of America, through Huggias office. The cost Is so little. SO to $7 per flOOO Insurance for rears, with a 20 dividend besides. ' Phone 4603 We Will Call at Tour ilome chuck . , 0 - - crrr 1 nrt -n nmh a - j a mm at n i i n u s in in i s s sv aaxr L IDJGU HAW C G AG E N CY ; 1 ' SUCCESSOSS EUEGHAIOtT IKS. AGENCY 123 IV Commmnlal ; :. - Phoo 4Z&Z v S&mvcu Or. 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