i itU ti ¿SUBI ASB l a a u D A IL Y T id in g ^ a¿. BST ■stiafe'*« i LOCALAN d L e RSONALNOT k I A W £ H £ T S ? æ VSS A D aily C h ro n ic le o f th o se w h o com e a n d go, a n d e v e n ts of lo ca l in te r e s t. • H U ; B o s c o , Y ö u 'c e * 60 ? M ,i O V ER T ^ E O ^ b a d AMO D o w n -----• 6 hame S a th u r d a y , J u ly 7 , 103Ä By L. F. Van Zelm © W estern N ew spaper U n io n Bosco Was Supposed to Feel Miserable £>C 5 ì LIE om vcu - <---------------------------------------------------- - M orrison G ets l ig h t R e s u lts | E . C. J e w e tt of V e n a tu ra , C ali- Elm ey M orriso n h ad h is ra d io fo rn ia , w as a b u sin e ss v isito r w o rk in g in f ir s t c la ss s h a p e on h e re y e s te rd a y . H e w as accom - th e F o u r th a n d g ot n o t o m y a ll p an ied by H elen a n d T h elm a th e fig h t r e tu r n s , b u t a lso g o t j J e w e tt. a ll of th e ta lk w h ich P re s id e n t , ----------- H a rd in g m ad e a t P o rtla n d . M or-I M rs. Jo y ce A u b in in a n of P hoe- riso n h as one of th e b e st se ts in : nix, A rizo n a , s p e n t y e s te rd a y i n ’ A sh lan d and is d e v e lo p in g in to A shland v is itin g frie n d s. q u ite a ra d io “ b u g .” Smashes Sign Post— R o o m in g H o u se S old . A sh la n d {is m in u s i t ’s “ keep S usie Coy h a s ta k e n o v er th e to th e r i g h t ” sig n in th e P la z a Bell R oom ing H ouse h e re a n d ! th is m o rn in g a s M errick T h o rn - p lan s to m ak e it a n up to .late ! to n , w ho w as m a k in g d e liv e rie s h o tel. • T h e new p r o p rie to r ha, fo r th e A sh la n d C re a m e ry c o m - ; — ch an g ed th e n a m e to t h a t of th e pany, sm a sh e d In to it w h ile ro u n d - D e c o ra te s W indow s— Coy H otel. ing th e c o rn e r, b re a k in g th e sup- E. D. A g n ell, a re p re s e n ta tiv e ! M E T H O D IST E P IS C O P A L CHURCH REVIVAL AT DUNSMUIR ♦ ................ .. ..................’ t h a t ’’frie n d sh ip b etw een th e JNcWS Letter- United States and p o rt a n d b e n d in g th e sig n . of S w ift an d co m pany w as in A sh -' E n g la n d Bhould S u n d ay , J u ly 8 th , D r. W m . G oes to K la m a th F a lls — <> be a ssu m e d a n d th o se w ho a re ---------- - lan d to d ay on b u sin e ss. M r. A g - ; S. J. C h a n e y , M in ister. K een ey T o w n er, p a s to r of th e Mr. R ay Dix of th e O v erlan d P ia n o re c ita l a t C ivic c lu b h o u se r.ell w as in s tr u m e n ta l in p u ttin g AT T H E C H U R C H E S * * ♦ ♦ ♦ »«-V « « « « « « try in g to p ro v e it by p ro p a g a n d a T h e S u n d a y school w ill m eet f ir s t B a p tis t c h u rc h of S an Jo se, g a ra g e le ft y e s te rd a y fo r K la ­ M o n d i^ e v e n in g , J u ly 8, a t 8 in th e s tr ik in g w indow d isp la y s ----------- | sh o u ld be r e s tr a in e d .” M alone B A P T IS T C H U R C H a t 9 :4 5 . T h e re w ere 236 p re s ­ w ill open a th re e w eek s c a m p a ig n m a th F a lls on a co m b in ed busi o ’clock. T ic k e ts 50 c e n ts. LONDON, J u ly 7.— W h ile th e ! w as c h e ere d because he s tru ck a of th e S w ift P re m iu m p ro d u c ts “ F e llo w sh ip of J e s u s ” w ill be e n t la s t S u n d ay . C lasses a re of E v a n g e lis tic a n d H e a lin g S e r­ n ess an d p le a s u re trip . Mr. Dix p re-c o n v e n tio n p o litic a l p o t boils s y m p a th e tic n o te w ith th e c o rre s ­ 2 6 0 -2 t in se v e ra l local sto re s . th e th e m e fo r th e m o rn in g s e r­ p ro v id e d fo r a ll a g e s an d a ll a re vices a t D u n sm u ir, C alif. T hese in A m erica it h a s .a few b a b b le s p la n s on r e tu r n in g som e tim e n e x t p o n d e n ts. T h e official “ h a n d a - m on. U nion se rv ic es in th e even- w elcom e. The H a n d of G od” I a re in te r-d e n o m in a tio n a l a n d w ill in L ondon. w eek is h is b u sin e ss is s e ttle d B uys L a u n d ry — a c ro s s -th e -s e a ” seaso n is w ell un- M ass a t 9 o ’clock S u n d a y ,jng. p re a c h in g by Rev. K o e h le r is th e s u b je c t of th e p a s to r ’s s e r ­ be h e ld u n d e r a la rg e c a n v as te n t s a tis fa c to rily . F riul U pham , tr e a s u r e r of th e 1d e r w ay- H a rd ly a d ay passes W irt M. W rig h t, o w n e r of th e p io rn in g , ¡C atholic C h u rch a t th is c h u rc h . B. Y. P . U. a t m on fo r th e m o rn in g c h u rc h ser- a s th e r e a re no b u ild in g s la rg e R e p u b lic a n N a tio n a l C o m m ittee; ■ to lis te n to lo n g -w in d e a A sh la n d L a u n d ry , h a s b o u g h t th e " * 6 :4 5 . W e a re h a v in g g r e a t ! vice. T h e re w ill be sp ecial m usic e n o u g h to a c co m m o d a te th e A m b a ssa d o r M oore a n d H iram jo tu a j3 U B ajjauiv autos tv in In q G oes on B u sin e ss T rip — H om e L a u n d ry , a n d h a s m oved D odge on V a c a tio n — cro w d s in th is d e p a rtm e n t of o u r by th e ch o ir. M iss B e rn ic e Yeo c ro w d s, exp ected a t th e se m e e t­ W . D epew , fo rm e r p ro p rie to r such m a c h in e ry a s he n eed to th e J o h n s o n m et in L ondon to t a l k ' tainert som e o rg a n iz a tio n in W ill M D odge lea v e s As .la n d j w o rk . A live c o n te s t on w ith th e is th e le a d e r fo r th e E p w o rth in g s. Men a n d w om en a re com ­ of th e P a lac e L unch R oom in A sh ­ A sh lan d L a u n d ry . F ro m now on to m o rro w to be g o n e a b o u t t w o ! G ra n ts th in g s over. No one k now s w h a t ' sm a U a n d m ostly sm a ll, is e n te r- P ass B a p tis t S u n d a y L e a g u e se rv ic e a t 6 :4 5 S u n d a y ing in from th e n o rth an d s o u th , w as sa id , no one even know s L oudon a n d th e c o rre sp o n d en ts la n d , w as an o u tb o u n d p a s se n g e r th e H om e L a u n d ry w ill n o t o p e r - 1 w eek s on- j is v a c a tio n trip . H e ’ school h a s a d d e d z est to th e w o rk . e v e n in g . U nion se rv ice a t th e to a tte n d . M any a re b r in g i n g , w h e th e r p o litic s cam e u n d e r d i s - oiud th e tw o g r e a t E n g lish - on th e K la m a th F a lls s ta g e y es­ nip p la n s to go to N e w p o rt, P o rtla n d , M r. O. T. C arso n h a s th is d e p a r t­ B a p tis t c h u rc h a t 8 p. m. th e ir ow n te n ts , w hich is a d v is­ cu ssio n , b u t i t ’s a sa fe g u ess th a t ,-p ee c h e s a b o u t " th e tie s tha* te rd a y . Mrs. Depew is m a k in g a A sto ria a n d se v e ra l o th e r n o rth m e n t in c h a rg e . You a r e .c o r ­ a b le . H is s u b je c ts w ill be: b u sin e ss tr ip a n d . w ill r e tu r n U pham a n d M oore h a v e som e s o rt ! s p e a k in g n a tio n s .” Corres|>ond- An e v e n in g of r a r e p le a s u re a t e rn O regon c itie s d u rin g th e trip . d ia lly in v ite d to th e s e serv ices. P R E S B Y T E R IA N C H U R C H M orn in g a t 1 1 :0 0 a. m ., “ T he of a lin e on J o h n s o n 's p lan s, e n ts a re P e rh ap s a little cyni- sh o rtly . th e Civic c lu b h o u se M onday a t 8 B. C. M IL L E R , C. F . K o e h le r, P a s to r. M agna C h a rta of th e C h u rc h .” w hich th ey can r e p o r t to P re si- cal, b u t th ey a re sk e p tic a l a b o u t o'clo ck . 2 6 0 -2 t W ill L o c a te H e re — S u b je c t fo r th e m o rn in g s e r­ P a s to r. A fte rn o o n , 2 :3 0 p. m ., “ T he d e n t H a rd in g . I t w as a ll u n - Hiese “ tie s ,” an d c e rta in ly a re H e re on V isit— m on: “ C ru c ifie rs ” . T h e e v e n ­ M odern M iracles of H e a lin g .” M r. a n d M rs. G. C lifto n of P o r t­ p lan n e d th is m e e tin g — so th ey tire d of b e a rin g a b o u t th em fro m C h arles C oldw ell of M cCloud, Give y o u rse lf a t r e a t M onday in g se rv ice a t 8 p. m . w ill be a lan d w e re h e re y e s te rd a y and E v e n in g , 8 :0 0 p. m ., “ Is J e su s C H R IS T IA N C H U R C H say— b u t it m ay h a v e a d d e d to P ro fe ssio n a l h a n d s h a k e rs w ho O regon h a s been in A sh la n d fo r e v e n in g — A fin e p ian o r e c ita l by sto p p ed fo r th e d a y on th e ir way C o rn e r of Second a n d B s tre e ts . u n io n m e e tin g a t th e B a p tis t C h rist th e sam e Y e sterd a y , T o­ th e co n fu sed p o litic a l s itu a tio n in b e a r 110 w e ig h t e ith e r in A m erica a s h o rt tim e, a n d p la n s on sp e n d ­ D r. E m il E n n a , of P o rtla n d . day and F o re v e r? ” th e S ta te s, p a rtic u la rly if S e n a - |o r E n g la n d . back fro m a trip to Los A ngeles. S u n d a y school a t 10 a. m . M orn­ c h u rc h . in g the re s t of h is v a c a tio n h e re , 2 6 0 -2 t S u n d a y school, 9 :4 5 a. m . A fte r lo o k in g o v er th e to w n a n d in g w o rsh ip a t 11 a. m ., s u b je c t: E v e ry o n e is in v ite d to a tte n d to r J o h n s o n re fu se d to d iscu ss j •---------- lie will p ro b ab ly r e tu r n to Mc­ C h ris tia n E n d e a v o r, 7 :0 0 p. m. a n d sp en d a p le a s a n t d a y w ith h is th e school fa c ilitie s h e re th e y p re s e n t a ttitu d e to w a rd s j S ta n le y B ald w in , P rim e M inis- U Jesu s C h rist, th e M a ste r B u ild - Cloud th e la s t of th e w eek. W . ,C. T h o m a s of P ie d m o n t, P ra y e r m e e tin g , W e d n esd a y , 7 :3 0 T o w n er. Good m usic. B rin g h a v e d ecided to lo c a te h e re . T h e y . e r .” E v e n in g u n io n se rv ic e s a t P re s id e n t H a rd in g 's w orld c o u r t .! te r ° f G re a t B rita in , is e n a m o re d C a lifo rn ia , s p e n t y e s te rd a y in th e P. m. y o u r te n t a n d com e a lo n g . s ta te d th e y h a d been th ro u g h A sh- th e B a p tis t c h u rc h . A side from th is little R e p u b li- ! 01 A m e ric a - H e h a s confided to c ity on b u sin e ss, g o in g on n o rth M oves to M edford— j lan d on th e tra in som e 20 tim es, JO H N F . L E G G E T T , can pow-wow L ondon h a s been frie n d s t h a t be is an x io u s to v isit E a rl Ile in le rs e n a n d w ife a re th is m o rn in g . b u t did n o t re a liz e w h a t a nice e n te r ta in in g a p o te n tia l Dem o- I A ln erica a g a in , and m ay do it M in iste r. m oving to M edford, w h e re M r. place it w as. 24 3 M o u n tain Ave. c ra tic P re s id e n tia l c a n d id a te in I w hen h is te rm of P rim e M in ister j len d e rs, n w ill be a t w ork as a F in e p ia n o r e c ita l M onday ev­ S e n a to r U nderw ood of A la b a m a .! 13 u p ' b a k e r a t th e Rev cafe. H e w as e n in g , J u ly 9, a t th e C ivic c lu b ­ C A L IFO R N IA ROADS M ADE F IR S T C H U R C H O F • CHRIST T he S e n a to r claim ed to be in L o n ­ fo rm e rly a b a k e r a t th e E le c tric h o u se. 2 6 0 -2 t IM PA SSA B L E BY B A IN S don in o rd e r t h a t b e m ig h t rest E xpects M o th e r— S C IE N T IS T b a k e ry . a n d k eep o u t of th e tu rm o il and P io n e e r A v e n u e S outh S u n d a y C oach H u g h es of th e local h ig h T ic k e ts fo r th e P ia n o R e c ita l s tr u g g le of p re-c o n v e n tio n stim - school is a n x io u sly a w a itin g th e S u b je c t I L eaves fo r C oast— M onday n ig h t a t th e C ivic c lu b -j SA LEM , J u ly 7.— E x tre m e ly se rv ic es a t 11 o ’clock, I m ers. “ S a c ra m e n t.” a rriv a l of his m o th e r, w ho he ex­ Mrs. 11. W. J o h n s o n a n d c h il­ h o u se a re on s a le a t th e P u b l ic ! heav y ra in s Ttave m ad e th e D alles of lesso n : S u n d a y school a t 10 o ’clock. L ondon is o b liv io u s to all th is p ects on th e tra in th is ev en in g . h ig h w a y , s o u th of d re n of Scenic D rive le ft y e s te r­ L ib ra ry a n d a t M rs. R. W . Con- C a lifo rn ia W e d n e sd a y e v e n in g m e e tin g a t 8 and th e L ondon n e w sp a p e rs in- M rs. H u g h e s is coining from Colo- d a y by a u to for a v a c a tio n a t o v e r’s A rt S to re , a lso by th e m u s- S h a n ik o , im p a ssa b le to tra ffic , R e a d in g R oom open I sist upon in te rv ie w in g S e n a to r rad o to v isit h e r son, w ho she 2 6 0 -2 t a c c o rd in g to th e s ta te h ig h w a y .o’clock. O regon se a sid e r e s o rts . M rs. ic te a c h e rs of A sh la n d . ! J o h n so n on h is view s of E n g lish h as n o t seen fo r se v era l y ears. d a ily from 2 u n til 5 p. m ., except ----------- com m ission. Jo h n s o n p la n s to r e tu r n to A sh ­ ! c o u n try life. In c id e n ta lly th is is ------------- —------------------ ——-------------- S u n d a y s an d h o lid a y s. la n d w ith in a few w eeks. W ill H qlil n o S erv ices— ’ __________ ________________________ _ a b o u t th e only s u b je c t t h a t th e T h e re w ill be no se rv ic es held TOO L A T E TO C L A SSIFY I IR S T <’O N G R EG A TIO N A L S e n a to r is e a sily in te rv ie w e d on. Go to Caves— a t th e T r in ity E p isco p al c h u r c h ! C H U R C H T he only in te r e s t L ondon seem s K enneth M cW illiam s, sa le sm a n tom orrow ', a s V ic a r P . K. H am - F O R S A L E To be m oved b u ild ­ B o u le v a rd an d M ain s tr e e t. fo r tir F ord gara ge, in co m p an y m ond is e n jo y in g h is v a c a tio n . to h a v e in th e fo rth c o m in g ele c ­ ing* 18x24, 65 gallo n h o t w a te r ( ’harter No. 5747 Reserve District No. 12 S u n d a y school a t 9 :4 5 a. nt., w ith t i o n is th e (¡position of H e n ry w ith C u rtis Jo h n s o n , a b a n k e r Rev. H am m ond re c e n tly h a d th e I ta n k , e le c tric h e a te r, boffl stove c lasses fo r all g ra d e s a n d ages. REPORT OF CONDITION OF THE F o rd . P re s id e n t H a rd in g ’s w orld fro m M oro. O regon, a n d son of m is fo rtu n e to c a tc h poison oak w ith coils, e le c tric w irin g , wa­ B rin g you B ible. M orn in g s e r ­ c o u rt issu e h a s n ’t c au sed a r ip ­ M rs. P .m i> Jo h n so n of A sh lan d an d so h a s been u n a b le to g e t i te r pipe, etc. 76 A lid a St. vice a t 11; s u b je c t: “C om m un­ ple «here. T he E n g lish h a v e a l­ le ft th is m o rn in g in Mr. M cW il­ aw ay from towrn d u r in g h is v aca­ 261-1* io n .” J u n io r C h ris tia n E n d e a v o r m o st given up hopes of ev er g e t­ lia m s ’ c a r i th e O regon Caves. tio n . a t 5 p. nt. C h ris tia n E n d e a v o r tin g A m erica in to E u ro p e a n a f ­ T hey w ill r t ’;rn n e x t w eek. D on’t fo rg e t to d a n c e to n ig h t I F O R S A L E O R T R A D E a t A sh la n d in th e S ta te or O regon, a t th e C lose of B u sin esss •5 Room a t 6 :4 5 . T h e re w ill be no e v e n ­ fa irs. H e n ry F o rd , h o w ev er, ex­ on J u n e 30, 1923. a t open a ir d a n c e flo o r in p a r k . ’ b u n g a lo w , new a n d m o d e rn , in g se rv ic e in th is c h u rc h as we c ite s th e E n g lish in te r e s t, b ecau se A1 M oss le ft y e s te rd a y m o rn ­ b a se m e n t, tw o la rg e lo ts w ith w ill jo in in th e U nion se rv ic e a t The UNIVERSITY of OREGON of h is peace sh ip v e n tu re and RESOURCES in g by tra in on a b u sin e ss trip E . P. A n th o n y of A lb an y w as! f r u it: a lso g a ra g e , ch ick en Hie B a p tis t c h u rc h . contains : T h e pu b lic 1. L o an s a n d D isc o u n ts ....................................... $ 5 6 8 ,9 0 6 .5 6 m o re p a rtic u la rly b e c au se of his to K la m a th F a lls . in A sh la n d tra n s a c tin g b u sin ess! h o u se , cow b a rn , etc. W ould is c o rd ia lly in v ite d to a ll th e se T o ta l lo a n s ...................................................... The College of Literature, Science $568,9 0 6 .5 6 c a rs. F o rd h a s long been a n x io u s y e ste rd a y . ta k e sm a ll h o u se in good r e n t ­ serv ices. and the A rts with 22 departments. 2. O v e rd ra fts , u n s e c u re d ........................................ 146.77 to becom e a b u sin e ss m an in E n g ­ M rs. M ary W ood, of L a u re l St. 146.77 in g lo catio n a s p a r t p a y m e n t.! W . JU D SO N O L D F IE L D , 4. U. S. G o v e rn m e n t s e c u ritie s o w n e d : la n d — h e b a s been d e s iro u s of w ho h a s been sp e n d in g th e w in- D anco to p ig h t I he professional schools of Archi­ 260 -2 ! O pen a ir p la t- ; Y ockey & C om pany. M in iste r. b u ild in g a la rg e p la n t a t S o u th ­ a D ep o sited to se c u re c irc u la tio n (U . S. tecture and Allied A rts—Business t e r in P o rtla n d r e tu r n e d to h e r fo rm in parR a m p to n — b u t fo r m a n y am i d e­ Administration—Education—G rad­ b o n d s p a r v a lu e ) ............................................ 100,000. hom e T h u rs d a y n ig h t. uate S tudy—J o u rn a lism —L a w - v io u s re a s o n s th e r e h a v e alw ay s b A ll o th e r U n ited S ta te s G o v e rn m e n t fa rm e rs would o b tain la rg e r lo an s T. A. V each , a P o rtla n d busi M edicine—M usic—Physical Edu­ been o b sta c le s placed in bis way s e c u ritie s (in c lu d in g p re m iu m s, if a n y ) 137,452. Mr. J . W re n of San F ra n c isc o , on th e ir crops th a n th ey can now n e ss m an w as in A sh la n d y e s te r cation—Sociology—Extension, T o ta l ..................................................................... acco m p an ied by h is w ife w as in o b tain from th e banks, he is con­ 23 7 ,4 5 2 .0 0 w hen b e h a s s o u g h t to e sta b lish f ty m a k in g b u sin e ss v isits to fro n ted by th is d ilem m a: E ith e r 5. O ther bonds, stock s .secu rities, etc : ......... A sh la n d on b u sin e ss to d ay . 289,3 9 8 .4 9 la rg e -s c a le fa c to rie s | t v e ra l local m erch an t::. For a catalogue or anfi information th e b an k s a re now refu sin g to 6. B a n k in g H ouse, $13*727.17; F u r n itu r e Write The Regiitrar, UniVenitfi of m ake sound loans, or, u n d e r th e D ud ley F ield M alone received a n d fix tu re s , ...................................................... 6,347.00 I n te r e s tin g P a r ty — 20,074.17 Oregon, Eugene, Oregon. M r. a n d M rs. A. F . M ay o f ' Edison plan, th e G overnm ent would th re e loud c h e e rs from A m e ri­ 7. R eal e s ta te ow ned o th e r th a n b a n k in g h o u se A p a rty c o n sistin g of M rs. C. 1.00 m ake unsound loans. t le v e la n d , O hio, w ho a r e to u r in g ' ¡“ ru rth e r Exposures of How Edi­ H . R u n y o n , M iss M ary G. R u n ­ 54,710.14 can c o rre s p o n d e n ts w hen he told “N e ith e r Mr. E dison n o r Mr. 8. L a w fu l re s e rv e w ith F e d e ra l R e se re v e B an k The 48th Year Opens September 25,1923 th e c o a st, s p e n t y e s te rd a y in A sh ­ • th e A m erican S ociety in L o n d o n , 10. C ash in v a u lt a n d a m o u n t d u e fro m yon, C h a rle s R. R u n y o n a n d C. la n d . Ford can co n sisten tly co n ten d th a t son-Ford Money Plan Would n a tio n a l b a n k s ................................................. banks now refu se to m ak e sound H . R u n y o n , all of O ak P a r k , I lli­ 111,373.97 Fail to Aid Farmer. loans, for th a t is th e w ay b an k s 11. A m o u n t d u e from S ta te b a n k s, b a n k e rs , n o is, w ere re g is te re d a t th e H o- H. D. G re g o ry of O ro v ille, C ali­ m ake m ost of th e ir profits, and Mr. an d t r u s t c o m p a n ies in th e U n ited S ta te s te l A sh la n d la s t n ig h t. T he f o rn ia wa.3 in th e c ity y e s te rd a y Edison and Mr. F o rd h av e no doubt T he way the Edison-Ford "com ­ ( o th e r th a n in c lu d e d in Ite m s 8, 9, a n d 10) R u n y o n s a re r e tu r n in g ho m e a f ­ 16,241.64 th a t b anks a re conducted for profit. tra n s a c tin g b u sin e ss. m odity m oney” schem e, aim ed to It follow s th a t th e plan would yield 13. C h eck s on o th e r b a n k s in th e sam e c ity or t e r a v a c atio n trip w hich in c lu d ­ tow n a s re p o r tin g b a n k ( o th e r th a n Ite m 12) ed Y ellow stone P a rk , C ra te r L ik e s A s h la n d — stab ilize m o n eta ry values, would la rg e r loans to fa rm e rs only If th e 3,016.41 G overnm ent m et th e ris k s of un­ T o ta l of Ite m s 9, 10, 11, 12, a n d 1 3 ..... 13 0 ,6 3 2 .0 2 L a k e a n d o th e r fam o u s n a tu r a l have exactly th e opposite effect, A p a rty c o n s is tin g of T y le r sound banking. In th a t case a ll 14. a C hecks a n d d r a f ts on b a n k s (in c lu d in g w o n d e rs. T he p a rty d e c la re d C le w e riu s, M rs. C le w e riu s and is discussed in the p re se n t a rticle , th a t in so lv e n t b o rro w ers gain ed F e d e ra l R e se rv e B a n k ) lo ca ted o u tsid e A sh la n d to be th e p r e ttie s t city th e ir d a u g h te r , s p e n t y e s te rd a y which is th e second in a se rie s would be paid by th e r e s t of th e of c ity o r tow n of re p o r tin g b a n k ......... th e y h a v e seen so f a r. w ith th e 61.60 LAST TÍMES TODAY in A sh la n d a n d v ic y iity , v isitin g prepared by the A m erican B ankers population, w hich, to say th e lea st, b M iscellan eo u s cash ite m s '1..... .................. ex cep tio n of O ak P a rk . A ssociation, • review ing th e ex­ is not a fa ir deal. 903.80 965.40 th e p a rk a n d th e m in e ra l s p rin g s posure of th e w eaknesses of the 15. R e d e m p tio n fu n d w ith U. S. T r e a s u r e r 99 Cutting Down Farm Credit n e a r h e re . T h ey r e p o r t t h a t th e y plan as p resented by W illiam T. a n d d u e fro m U. S. T r e a s u r e r .......... A. C. M ann of St. P a u l M inne­ 5,000.00 “A p parently, how ever, th e Gov­ lik e A sh la n d im m en sely . P o ster, D irector of th e P ollack s o ta , w as a b u sin e ss v isito r in Foundation for Econom ic Re- e rn m e n t is n o t expected to ru n T o ta l ....................................................................... A sh lan d y e ste rd a y . Your last opportunity to see the late Wallace m any risk s, for th e fa rm e r is al­ 1,3 0 7 ,2 8 6 .5 5 search. F in e P ic tu re — lowed to borrow an am o u n t no LIABILITIES Reid—in a sparkling comedy drama—Last B riefly sta te d , the Edison-Ford T h e C itiz e n s B a n k now h a s a E . H ow land of San F ra n c isc o , fin e p ic tu re of C r a te r L a k e hang.-! I X b e n Z ^ G° V ernm ent g re a te r th an one-half th e a v e ra g e 17. C a p ita l sto ck p aid in ....................................... 1 0 0 ,0 0 0 .0 0 chapter of “ The Timber Queen” . ng of basic com m odities, value of h is product for th e previ­ 18. S u rp lu s fu n d ...................................................... C a lifo rn ia , sp en t y e s te rd a y in th e 30,000.00 m g in th e fro n t office. T h e pic­ a?.-tin.-1 which currency would be ous twenty-five years. B ut p rices 19. U n d ivided p ro fits ............................................ —and— city c a llin g on local m e rc h a n ts . 15.334.33 tu r e is a n h o to g ra n h t h a t h a s loaned to the producer w ithout in­ have risen so high since 1896 th a t 20. C irc u la tin g n o te s o u ts ta n d in g ................... 97,3 9 5 .0 0 been p a in te d , a n d w as p u t in by tere st. up to half the average value th e fa rm e r could borrow on m o st “ Broadcasting” a real good comedy 24. C e rtifie d c h e ck s o u ts ta n d in g ................... O. V. S. T a y lo r a n d w ife, ac­ th e D a rlin g S tu d io . products m uch less th a n half the 488.25 or the products for the previous c o m p a n ied by C h ris T a y lo r, of tw enty-live years. T his currency p re se n t value of th e products. It 25. C a s h ie r's ch eck s o u ts ta n d in g 3,757.68 L os A ngeles, w ere in A sh la n d yes­ R e p o rts Good R o a d s— T o ta l of Ite m s 21, 22, 23, 24, a n d 25 .... would be cancelled as the com m od­ would be m uch less, th ere fo re , th a n 4,245,93 ities were w ithdraw n and passed th e fa rm e r could borrow d ire c tly D em an d d e p o s its ( o th e r th a n h a n k d e ­ te rd a y on a com bined b u sin ess J a c k T ru e , w ho is w o rk in g o r into trade. On th e o th e r half of from th e banks on g rad ed prod­ a n d p le a su re trip . p o s its ) s u b je c t to R e s e rv e ..(d e p o s its th e A s h la n d -L a k e of th e W oods the value the producer would re­ uces; on products not g rad ed no p a y a b le w ith in 30 d a y s ) : ro ad , w as in A sh la n d y e s te rd a y ceive “equity c ertificates" which he G overnm ent loans would be m ade, ! L ike P a r k — for th e re would be no way of deter- j In d iv id u a l d e p o sits s u b je c t to check 3 4 5 ,785.25 a n d re p o rts th e ro a d in fin e con­ could sell or use for hank loans. m ining t b ' twenty-five y e a r price A. N elson, w ith h is w ife an d 27. C e rtific a te s of d e p o sit d u e in less th a n On th ese points Mr. F o ste r sa y s: d itio n . It is e x p e cte d t h a t th e average. 30 d ay s .................... (la u g h te r of D erkeloy. C a lifo rn ia , j r o a d , th in y e a r w ill bo In m uch U psetting Price Equilibrium 3S.367.77 t atnH 7 T r , ; h e i a5 T ^ haV ingO b' 28- s t a t e ' c o u n ty , o r o th e r m u n ic ip a l d e ­ « o ,„ „ .,l o v e r a t .h e H otel A r t - 1 b e tte r s h a p e th a n la s t, a c c o rd in g “ Steady price levels depend tain ed th e stip u late d G overnm ent „ j . , . p o sits se cu re d by pled g e of a s se ts of lan d la s t n ig h t in o rd e r to see to Mr. T ru e . H e a lso s ta te s th a t m ainly on the balance betw een the loan on his goods, could th en offer th is b a n k o r s u re ty bond ........................... A s h la n d ’s p a rk , c o n c e rn in g w hich lumber .ruck, are c u .t.n , up lhe| volume V m euV y X X ’ his equity certificate to a bank for 156,566.62 th e y h a d h e a rd m uch p raise. ro a d on th e o th e r sid e an ad d itio n al loan. But th e equity 30. D iv id en d s u n p a id ........................................... 5,000.00 of th e for goods. T he Edison plan is certificate is v irtu ally a second T h e y d e c la re tlja t th e p a rk w as m o u n ta in . T im e d e p o sits s u b je c t to R e se rv e ( p a y ­ designed ex p ressly to u p set the bal m ortgage, and no bank would even b e tte r th a n th ey had h e a rd a b le a f te r 30 d ay s or m o re no tice, a n d a n te . A farm er delivers, say, txvo p refer a second m ortgage to a first It w as. p o sta l s a v in g s ) : thousand bushels of w heat to the B ase B a ll— m ortgage. I 32. C e rtific a te s of d e p o sit ............................... G overnm ent w arehouse and the 6 4 ,4 3 4 .2 3 ----------- i T he W ESTERN "Suppose th e Old N ational Bank BLO O M ER 34. O th e r tim e d e p o sits ......................................... \ ¡sitin g F rie n d s — ptq ’ ii zui | G overnm ent ni()ney deliv ers tQ one thousand 449,4 2 8 .4 5 , ' p G t IR L S B ase t > B all C lub, i. w ho is! . dollars .a uew farmU was w illing io lend a fa rm e r eig h t Ben V a lje a n a n d fam ily of S an m a k in g an e x te n siv e to u r of th is er. hundred dollars on one th ousand 35. P o s ta l sa v in g s d e p o sits 712.09 W hen the farm er sells the bushels of w heat. Suppose, how­ T o ta l of tim e d e p o sits s u b je c t to R eserv e, D iego a re v isitin g Mrs. V a lje a n ’s c o u n try a n d C a n a d a , w ill m ak e w heat he repays the loan and the Ite m s 32, 33, 34, a n d 35........................ f a t h e r , J . W . H a tc h e r of th is th e ir firs t a p p e a ra n c e in G ra n ts G overnm ent d estro y s the money. ever, th e farm er deposited the As good as a tilip to Hawaii— 514,5 7 4 .7 7 w heat in a F ed eral w arehouse and 44. L ia b ilitie s o th e r th a n th o se above s ta te d c ity . Mr. V a lje a n w ill r e tu r n soon P a ss on S u n d a y . J u ly 8 th , w hen lh u s th e volume of m oney is in­ 16.88 : obtained five hundred dollars from ___ _________ I to S an D iego w h e re h e is con- th ev will p lay one o ' th e m o s t ' aS' d precisely when 8 ° ° d» are th e G overnm ent. You’ve seen many imitation; now look at the C ertain ly the T o ta l n e c te d w ith th e In g le M an nfac-i in te r e s tin g and e x c itin g 8ti!‘.'ed: and tb e volum e of m oney bank would not lend the farm er 1 ,3 07,286.55 ! real thing. Actually filmed in Hawaii, where j ^ a T w i ^ Z a i '' i Z s Z ' d T ' l g o o d 7 r 7 r ? d mPa X T e i " t a “ m b " three hundred dollars on the equity S 1 A T E O F O R EG O N , C o u n ty or jac tcso n ,— ss. pretty women live for love; Riding the surf at I, J . W . McCoy, C a sh ie r of th e ab o v e n a m e d b a n k , do so le m n ­ \i em nm in . s a n d fo r B all tea m th a t e v e r h a s b een words, each tra n sa ctio n begins by certificate. T he protection of the bank would be g re a te r if th e farm ­ Waikiki, dancing the hula-lnda, breaking men’s som e tim e. play ed in th is v icin ity . L a d ie s, Placing in circulation goods with- er relied on the bank for the e n tire ly sw e a r th a t th e ab o v e s ta te m e n t is tr u e to th e b est of m y know l- elg e a n d belief. hearts. ----------- as w ell as g e n tle m e n , can a tte n d out n,oney m atch the goods. loan; for in th a t case th e bank M rs. R. D. G erm an of M ealo th is g am e w ith o u t a n y f e a r of be- Dollar dem and »s created as the could realize on its secu rity w ith­ J . W . McCOY, C a sh ier. S u b sc rib e d a n d sw o rn to b e fo re m e th is 7 th d a y of ju ly , 1923. P a r k . C a lifo rn ia , w as a v isito r in! in g offended, a s n o th in g w ill be suppfy of goods is w ithdraw n; the out being obliged to pay five hun­ —also— supply of goods is cre a te d as aoliar dred dollars to g e t the w heat out G. H. B IL L IN G S, N o ta ry P u b lic . My cotn- A sh la n d y e s te rd a y . said o r do n e t h a t th e m o st fa s-: dem and is w ithdraw n, S eal; m issio n e x p ire s, J u ly 6, 192 4 itid io u s could o b je c t to . The "W ould it enable the farm er to of G overnm ent storage. The farm ­ e r can now borrow m ore m oney C o rrec t A tte s t: H e a r th e D an ish p ia n is t com - g am e w ill ta k b p lace a t th e F a ir borrow m ore m oney on his prod- from a bank on stan d ard ized farm W . H. M cNAIR, ucts than he can borrow now? products th an under th e Edison p o se r a t th e Civic c lu b h o u se M on- G ro u n d s B ase B all d iam o n d in movies GEO. W . DUNN. d a y e v e n in g a t 8 o ’clock. 2 6 0 -2 t! 260-1 W hen Mr. Edison contends th a t plan." DANCE TO-NITE Platform in Park ALL-STAR ORCHESTRA Rigger and Better Than Ever U n ivERsiTYof O regon FIRST NATIONAL BANK I1PSEÏ PRICES ee Thirty Days Sunday and Monday B etty COMPSON # ,_ ÇJhe^hiîe ^Jìo^er The Portland Rose Festival F. D. WAGNER, Directors.