OUR PUBLIC FORUM
DONT STOP
Vc— E. P. RIPLEY
On Ralatlona of Railroads and People
The Industrial
leaders of tbla
nation are talking
to the public face
to face through
the columns of
thia paper.
The
time was when If
a corporation had
anything to say
to the people they
sent a hired band,
w h is p e r e d
It
through a lawyer
or employed
a
lobbyist to
ex­
plain It to the legislature, but the men
who know and the men who do are
now talking over the fence to the
man who plows.
When the leading business men of
this nation get "baok to the soil” with
their problems, strife and dissension
will disappear, for when men look In­
to each other’s faces and sm ile there
Is a better day coming.
Mr. E. P. Ripley, president of the
Santa Fe Railroad, when asked to give
his views in reference to relations ex­
isting between the railroad and the
public said In part:
"Frequently wa hear statem ents to
the effect that these relations are
improving, that the era of railroad
baiting has passed and that public
sentim ent now favors treating the rail­
roads fairly. As yet this change in
public sentiment. If any such there be,
ia not effective In results.
it Is true that In the legislatures of
the southwestern states «luring the
IV— F. A. VANDERLIP
On The Business of Banking
'W-
u n til you are Inside o f th is store, and d o n ’t leave
u n til y o u have a t lea st given us a trial order.
A ny of our cu sto m ers w ill tell you th a t
it is
a m a tter of a c tu a l all round eco n o m y to trade
here.
T hey kn ow , b ecau se th ey have been tra d ­
in g w ith u s c o n tin u o u s ly for m a n y years.
you favor u s w ith a trial order?
W ill
It w ill pay.
S e n d in y o u r o r d e r a n d g iv e u a a c h a n c e to f ig u r e
o n it . W e d e l i v e r w i t h i n a r e a s o n a b l e d i s t a n c e i f
t h e o r d e r is s u ffic ie n t to ju s tify .
e
R e s p e c tfu lly y o u r s
L a n c e & C o.
H o m e » S to r e
D. W . Griffith
F
íóñaTWéfens
a it io n a !
m b b m g /O O ,O < M ) .e r « « r
C r e e f o r oZ M o —
in g P tc tv ro o
UA p ipefu l
o f Tuxedo it
a w on der-
fu lly p le a t-
a n t form o f
tobacco ezi-
■joyrn e n t ,
m ild a n d
to o th in g . '*
Scores of Big
“Movie” Men—
producers as well as actors, are
constant sm okers and o u t­
spoken friends of Tuxedo. I t ’s
just the soothing, restful, re­
freshing smoke men of their
nerve-racking vocation need.
Nothing calms and comforts a
hustler Tike a pipe of mild, cool,
sweet Tuxedo.
PHONE 8 - L
★ ★ ★ ★ * *<*
P r e p a re d n ess and P eace and the E n gin eer
1 H E U a u e d S late, deu re, peace, baw d on |u «ire and maintained
|
w ith honor.
But to tn.uie thu Lind ol peace A m e ric a n , must
know that nation, ate now defended not alone by tabling men
but by fighting tnduarw a
T h e f ngine. r , ot thu country, framed a , only A m erican E j i
gincei, are fram ed, hold that truth Io he a , fund,m ental a , the law ot g r im y
W ith the authority oi ihe U n ited S tate,G overn m ent mote than 5 0 ,0 0 0 F n
gineer, and C h e m u t,. m em ber, id five eminent A m en can w im lih c b o d ic
are making to , the h r« tune in the hiwory of the Governm ent a minute,
•weeping rarvey of the uidurtnal teaourcea ot A m e ric a
They w ill go to
the lac to n e , and m ine, ot the land and w ith their w le method, efficiency,
and their w le motive, patrtotum. form a vast. flexible organization. ,uch ai
•he w orld h a, never known
1 heir w o rk w ill be the b a n , lot creating in thn country a true line ot
detwim in time o< w ar th e ability to produce .w iltly . •bur.danlly and with
•uHained p e w e i all the th o u u n d and one elem ent, ot modem w adam
W ah o u t rack production there can lie no efficienl armv and n ,v y .
M ilita ry P rep am iln e,! w m , the hattl-
But l - J u i i r i a l P r t f a r t t e n ,
T
¡J
T uxedo it aged fromthree
to five years in wooden hogs­
heads to make it mellow and
sweet flavored. But the thing
that takes out all the bite ana
harshness and m akesTuxedo
( so bland and gentle that it
can’t hurt the most sensitive
tongue'or throat, is the fam­
ous and exclusive “ T uxedo
Process.”
w in , the W AR I InduMnal P teparrdr.e,, involve, no huge exp enw x O n ly
the K N O W L E D G E ot w hat A m erican Industry can do.
To K N O W
the extent ot each plant. the equipment ot each drop the capacity ot each
machine, the ability of each man
T H A T i, the euence ol InduM nal r re
fw redneu. T h a t « the ta A Io which th t t y th o u n n d Engineer, are pledged
T h e B P itn e e r,' work w ill lay tor all time the gho»: ol the "munition,
t i w l " by making a poiuble to have munition, made m th o u u n d i ol plant.
T h ia re a l w ork of the Engineer, w ill ,u p p ly the mi Uary authontte, ai
W aahington w a h tniorm ali.m never before collected, and it n earned tor
w ard W ithow a d o lla r', co« to the Governm ent
A n d th u advenuem enl u
not paid Io».
T h e A u w ia le d A d ven atn g C lu b , ol the W o rld have pre­
pared the copy and the p u b la lie n have p atiw .ica lly re,ponded and pruned
One week’s trial of Tux­
edo will show you.
You can buy Tuxedo everywhere
Pouch
5c
Famous
green tin
10c
As Tie
He-
etiJrri, 10t
eeJ t0(.
te C le ti
H u e ilir i,
SCeeetlfOe.
T O AMBB1C AH TOBACCO COMPART
The U 8 Department of Agriculture ii
■ending half a dozen sheep, raised in Mon
tana, on a tour thru the sheep-raising
8 tates. Thia ia done tor th i benefit of
Ute sheep-rsiserH and to demonstrate that
better care and better wool pay ft big div
Ideud
Ex.
A H A a e e iie o i ere etb ed te t i t t l e k e e d t sa»H* rfce f a g f a w n te tk e t A e te r u e , * • ' »
U se te r e t ie «p e e te ip te g e e lle w e ll ef detente e g e ie n e d e t e / f u e l
COMMITTEE ON INDUSTRIAL PREPAREDNESS OF THE
U iV A l
ftM C S IS T IW P
MAkon
B- v THE
i.r atm
a.-w^-w STATES
. __ “
NAVAL f CONSULTING
BOARD A
Or
UNITED
rd O a F y s r w TW >
I» S c o r ty <4 M cchasucal F j s
iti
» el Mw »■ lutgtnrm The ?
Institute ol Electrical E a p a a r n
TU
» O « m ir a i Soarty
W W as m 5
r York
Freah and Salt Meats :: Sea Fish and Food«
in Season :: O uk home cured Hams
and Bacon :: Pure Leaf Lard
F*» F L A C K E R T , P r o p r ie t o r
S P E C IA L S
ALL
NEXT
W EEK
With every tuba of Rexal Toothpas e - - . 25 cts.
one 15 cent Criterion Toothbrush F ree
With every pound of Cascade Paper - - - - - 25 cts.
One 10 cent Bunch Enveloes F ree
50 cent Craftsman’s A rt Stationary
35 cts.
50 cent Gold Edge Correspondence Cards -
35 cts.
15 cent Harmony Glycerin Soap
ttr.
Liggets Chewing Gum 3 packages for 10 cts.
BOWER’S PHARMACY
A S A V IN G S E R V IC E
it to Im portant a
“ POCKETBOOK PROTECTION”
to be overlooked
The farmers ot
ISN’T IT WONDERFUL TO THINK THAT
thia
nation
to
com e Into their
own must study
Will boil 150 eggs.
b u s i n e s s . We
Will brew 50 cups oi tea.
must, as a class,
Will mske^öO cups of coffee.
understand
th e
Will toast 150 slices of bread.
fundamental prin­
Will ligb teigh t hundred cigars.
Will operate a flatiron 2 hour».
ciples that under­
Will waim 30 bottles of baby’s milk.
lie every Industry,
W ill bring to b«>il 5 quarts of water.
Its functions to
Will operate a 12 inch fan lor 10 hours.
society and its re­
Will sew 300,000 stitches on a machine.
lation to agricul­
Will operate a warming pad for 40 hours.
.
ture. for there can
Will warm shaving water lor ii mornings.
be no Intelligent
Will cook 4 steaks on an 8-inch disc stove.
cooperation with­
Will run the electric brolier for 60 minutes.
out understanding. Mr. F. A. Vander-
Will keep a foot warmer hot for 4 hours.
Hp. president of the National City
Will run an office ventilating Iso lor 8 hours.
Will operate sn electric griddle for 70 minutes.
Bank of New York, when asked “What
Will operate a luminous radiator for 60 minutes.
Is a bank?" said In part:
W ill heat a curling iron once a day for 15 weeks.
The first and most familiar function
Will operate a seven-inch frying pan lor 60 minutes.
of a bank Is that of gathering up the
Will pump 3500 gallons of water to a height of 25 feet.
Idle money of a community.! small
Will make you SMILE while it does ail these things.
sums and large, and thus forming a
pool or reservoir upon which responsi­
C a lifo r n ia -O r e g o n P ö w e r C o m p a n y .
ble persons may draw as they have
216 West Main Street
temporary use for money. It Is evi­
Phone 168
Medford, Or gon
dent that this makes large sum s In
the aggregate, available for the em­
ployment of labor and the develop­
ment of the community.
But much
more is accomplished than the use of
the money- actually deposited In the
banks, for by the use of drafts, checks
and bank nqtes the efficiency of money
Is multiplied several tim es over. A
On Two-Cent P assen ger Rate«
very large business, for example one of
The farmers of both th e State and the Railway Com­
the great beef packers, may use very
this nation are pany testified that the. claims of the
little actual money; on one side of Its
vitally Interested railroad were sustained by the facta.
bank account will be entered the
In railroad rates Two cents did not pay the coot of
checks and drafts it Is daily receiving
and equity be­ carrying a passenger a mile. The
from everywhere In payment for
tween passenger State, however, contended that the
meats, while on the other side will
and freight rates railroad waa earning enough surplus
be entered the checks It draws in
Is especially Im­ on Its sta te freight business to give a
payment for cattle, etc., its only use
portant to the fair return upon the capital used In
of money being for small payments,
man who follows its passenger as well as its freight
to labor and otherwise.
the plow for the business. For the purposes of the
If there were but one bank In a com­
fanner
travels case, th e railroad did not deny thia,
very little but he but held to its contention that the
munity and everybody paid all bills by
is a heavy con­ State could not segregate its pas­
drawing checks on that bank, and ev­
tributor to the senger business for rate fixing with­
eryone receiving a check Immediately
freight revenues out allowing a rate that would he
deposited It in the bank, the amount of
S o m e o f t h e sufficient to pay the coat of doing
/ 1 money In the bank evidently would
not change at all and the entire huei- states have a tw o cent passenger rate business and enough to give som e
ness of the community would be set­ and whatever loss is incurred is recov return upon the capital invested In
tled on the books of the bank. And ered through freight revenue. T he Jus doing th e business regulated. This
the situation Is but slightly changed tice of such a procedure was recently was the issu e presented to the Su­
when there are several banks, for they passed upon by the Supreme Court preme C ourt Its decision responds
dally exchange among them selves all o f W est Virginia and the decision Is to the Judgment of the fair-minded
the checks they receive on each oth­ so far-reaching that we have asked sentim ent of the country. The Su­
er, which practically offset them selves, L. E. Johnson, president of the Nor­ preme Court »ay« that, even though
although the small balances are paid folk and Western Railway whose road a railroad earns a surplus on a par­
In cash. This Is called 'clearing' and contested the case to briefly review ticular commodity by charging rea­
sonable rates, that affords no reason
In every large city there Is a 'Clear­ the s u it Mr. Johnson said In part:
"Some ten years ago, passenger for com pelling it to haul another's
ing H ouse’ where representatives of
the banks meet daily to settle their fares were fixed by the legislatures person or property for lees than c o s t
of a large number of states at two The surplus from a reasonable rate
accounts with each other.
Akbank Is constantly receiving from cents a mile. As a basis for such properly belongs to the railway com­
Its customers, particularly those that economic legislation, no examination pany. If the surplus Is earned from
are shipping products to other locali­ was made of the cost of doing the an unreasonable rate then that rate
ties, drafts and checks drawn on banks business so regulated, nor was any should be reduced. The State may
In other cities, which It usually sends attention given to the fact whether not even up by requiring the railroad
for deposit to a few correspondent such a rate would yield to the rail­ to carry other traffic for nothing or
way companies an adequate or any for less than co st
banks In the central cities with which
The decision is a wholesom e one
It maintains permanent accounts. In net return upon the capital Invested
and demonstrates that the ordinary
In conducting this class of business.
this way these scattered credits are con­
“Snch a law waa passed In W est rules of fair dealing apply to railway
solidated and the bank draws upon
Virginia
In 1907. The Norfolk and companies. The fact that one makes
these accounts in supplying custom­
a surplus on his wheat crop would
W
estern
Railway Company put the
ers with the means of making pay­
never be urged as a reason for com­
rate
Into
effect
and
maintained
It
for
pelling him to sell his cotton at lean
ments away from home.
As each
two years.
Its accounting during than cost. It would not satisfy the
local community sells and buys about
these two years showed that two man who wanted bread to be told
the same amount abroad In the course
cents a mile per passenger barely that Its high price enabled the cotton
of a year, these payments largely off­
paid the out-of-pocket cost and noth­ manufacturer to get his raw product
set each other. It Is evident that the
ing was left to pay any return on for less than c o st In this case the
banks nre very intim ately related to
capital Invested. It sought relief from court reaffirmed the homely maxim
the trade and industry of a country. the courts. Expert accountants for that each tub must stand upon its
own bottom.”
The b.-.nker Is a dealer In credit much
more than a dealer In money, and of
course his own credit must be above
question. He exchanges his credit for
the credits acquired by the customers,
and letidB credit for their accommo­
dation, but he must conduct the busi­
Philip, the Macedonian king, while
ness with Buch Judgment that he can drowsy with wine was trying a case
always meet his own obligations with and the prisoner after sentence was
carh on demand. This is the eseentfal pronounced, exclaimed, “1 appeal.
thing about bank credit, that It shall “And to whom do ycu appeal?" In­
always be the sam e as cash.”
quired th e , astonished, monarch.
“I
10c
II—L. E. Johnson
a wuhout pay for the aake of N ational Delenae and latrenaiional Peace
Tht Puftct T O -c t-f*' P'H *I.J ClivtlH
EZtc CITY M EAT MARKET
fe
Summer Fires
w ill soon be h e r e , w ith th e en o rm o u s d e str u c ­
tio n and fin a n cia l lo sses fo llo w in g in th eir w ake.
How is Your Insurance
W hy n o t sea u s now and le t u s w rite y o u a p o l­
icy in o n e of th e sa fe st and m o st p rom p t p ayin g
co m p a n ies in th e world? It c o sts b u t a few d o l­
lars and m ay save you as m a n y th o u sa n d s.
We have ju s t paid J o h n F. M orrell, le t u s pay
you.
THE GOLD H ILL BANK.
PHILIP