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About Independence enterprise. (Independence, Or.) 1908-1969 | View Entire Issue (March 12, 1920)
AS OLD AS TUG TOWN. PAGE MM REPORT OF THE CONDITION Oi uic 1 1..HHHS State Bank at Indepcn dependence, in the state of Oregon, at te tlose of business February 28, 1020 RESOURCES Loans and discounts. Overdrafts, secured and unsecured Bonds and warrant . . . Banking house . 4. . Furniture and fixtures . Due from approved reserve i?L'0i),4S''.' I Tms Tfefc Public NOTES J U U MJU'Vatr i i SHioblNotes I OUFOON NORMAL 8,104.52 j Ae chapel hour Monday morning, :;8,H$:?.S J tie jViiors made a unique announce 12.H0O.OO lmMlt f tlH-ir CMass Pay exercises to 5,800.00 be Kjven Maich 2tit1i. The nature of the murrain is a profound secret but banks 48,(i!8.55 if en may jiuljre by the number of Checks and other cash items Cash on hand Total LIABILITIES Capital stock paid in . . Surplus fund . .1 Undivided profits less ex penses and taxes paid . Individual deposits subject to check Demand certificates of de posit Cts'der che-ks outstanding TCi'.ne and Savings deposits Total Ctate of Oregon Ofcnnty of Polk ss I, C. G. Irvine. Cashier of the above named bank, do solemnly swear that the above statement is true to the best of mv knowledge and belief. C. G. IRVINE, Cashier meetings it requires much work, and 545.42 ,vi11 measure up well to high stand 15,048.26 .mj set by former Juniors in their en $333,933.37 tertnir.ments. ! Tl.d Alumni of the Normal are re $25,000.00 SjH .;ijjnjj in a most penerous, loyal 5,000.00 gpijjt t0 the call in support of the Millage Bill. 2,063.41 j Superintenhent Duncan, who spoke last Friday morning at the chapel 21(5,086.76' houri visited Elkins Rural Center with President Avkerman Friday af- 600.00 ternoon. Mr. Duncan delivered a $333,933.31 Corect Attest: J. B. Parker, C. W. Irvine, Directors. Subscribed and sworn to before me this 8th day of March, 1920. P. C. ILETCIIER Notary Public. My commission expires Oct. 21. 1920. 7,752.41 ven. interesting address there 76.830.79 Tu VesDertines entertained their r,?v members and the Faculty after their program last Friday ev 'ening. 1 Tl-j Faster vacation is to begin on April 2nd this year. It covers April 2nd to ;"th inclusive. T!.o work on the Norm is going for ward enthusiastically. Several good David Eoydstoii, who has faithfully for over thirty years arried the ex press and mail fifr: the depot, sold his ir.tirtst to Cbers.-n Brothers. He will io?v, " i-m:. rains to endeav or to regain his health. pieces of work are already in the hands of the editor but of course fhere is still room for more. I reparations are I eir.g made for the :.'u:uoi :::! ''.'' progrsan sudd annually at the Normal. The school is very r'o , ; to announce thi't Judre Law re;w J. Harris, Associate J i? iee.will , the principal address of 'lie day. Pe Student Body Dance sviven in the (iymnasium last Saturday even ing was a decided success in every re spect. The sliglit change in the so- o i I i i m 1 1 n mm it 1 1 j nhmni 1 1 1 MM niiilj liiiHHiMiHnini"ittmitmimiti On Monday. March 1st, the raiu- hne; o Southern Pacific Company we'v roliimci to m.i owners for operation. As a war meagre Ue hau been in charge of the government Uirmg tlv ;1 two years and two months.The stockholders in that period had nothing to do with the management. In taking over the nvm;"e-ent of this propert, the policy of the owners will be to give as satisf ac tory service as lies in their power in return fr the patronage given us; to seek the co-operation ot snip pers and passengers and of the whole people in hay ing our service reasonably responsive to the public needs. We have to ask the patient forbearance of the public during the readjustment period of the next six months. It is true during these six months the Government continues the standard return allowed the lines while under its control, based on the pre war earnings.But this return is subject to certain legislative directions by congress that will alleet operations during this period which ends August 31t next. We expect, however, within this six months to mature plans for the future.Those plan had to be hied in abeyance thus far because ot un certainty as to the legislative conditions to aecom- rc v V Z"" t me- I I. Si j s I j Of Shoes Wednesday Mar. 3 to Saturday Mar. 13 9. P.M. 17 i I panv the return of the roads to their owners for operation, and these conditions have been determin ed bv congress only within the last few days. e now 'have to study what is before us in law and in fact and get our bearing anew. The Operating organization as it existed under Southern P?cU management has been to some ex tent dirarrr.nged during the period of federal con trol and operating practices have been changed, but the benefit of any new practices that may have prov ed efficient in the public service during the govern ment control period, will of course, be retained. We could not purchase equipment after we entered the war because the government took con trol and war financing occupied the field. v;hW dur ing the rest of the time the question of adequate credit had to wait for answer in congressional ac tion.On the other hand, the locomotives and cars in service have been subjected to the most active use and new rolling stock has not been renewed through out the country in normal numbers for the increase or normal traffc. The burden of extraordinary war movements fell heavily upon all kinds of rolling stock, making it impossible to shop the equinm.'T.t at the proper time, and repair work was further delay ed by shortage during the larger part of the war period in both men and material. The problem before us at once, therefore, is cial regulations lecently authorized worked out very pleasantly in actual practice. Several students besides the eight delegates have signified their inten tion of attending the State Oratorical Contest to be held in Forest Grove this week-end. A number of new rai ling songs have been composed an Entirely disregarding the stadily advancing costs, I these Shoes, we bought last year, must go to make i room for new ones now en-route. Will have to I move at Uttle or No Profit at all. Only a small I glimpse of the good savings that may be had during jthe delegation has every intention of J this ale (displaying the real O. N. S. spirit in'CE FYAMP! P T A', w,o11 f TW- T5,i4-f H ? 'supporting the Normal orator, vz-iii i jauicD email oic ui x aicut xjuliuu dnv Lace, Cuban and low heels at $1.702 prs for $3.50 Tiflrlips RlflfV Tirl ninth tnn FVpnrVi VipdIc in civoc from 3 tO 6, WOUld be Vlued at $9.00, but they gO I .presents a very pretty little story i TflT" TNI. ."ll w iiivnu attain JMIIUIC The motion picture to be given Fri day evening March 12th in the chapel is entitled "The Willow Tree." It in X i Growing Girls Gun Metal Button low heels, broad g toes, a $7.00 value, at $3.80. f Misses Gun Metal or Kid, English, lace in sizes 11 I 4-. o aa , ,1 i dD A A i 1 1 1 HIGH SCHOOL NOTES $ i u .pi.vu giauca a Salem Moi Mens Gun Metal English lace., $7.50 value for $5.40 I play at 01 Mens Brown Calf Blucher $8.50 grade for $6.90. i hay was Boys Brown Grain Blucher $4.50 value for $3.65 Boys Brown Army Junior $5.50 value for $4.15 Small Boys Gun Metal Blucher $4.50 value for $3.60 And then there are hundreds of others. See the lem papers of March 2nd or, better still, come in and see the Shoes. It will pay you to go for miles and buy all you need for a year, ah they will surely cost more later. Wo I At the Electric Sign "Shoes" 167 North Commercial Street Little & Upmeyer Salem, Ore. A number of our boys journeyed to Salem Monday evening and enjoyed a one of the theaters. r say it was exceedingly good. I I The students are planning a "Tag I 3 I Day" to raise money to buy a new ! I flag for the school. I I j The domestic science class are ! a 1 busy fixing up a dining room in which I j they hope to serve some dinners soon. ! J The High School boys have organ ized a glee club and are planning on giving a number of musical programs before the close of the school year. The members are: Glenn Burright First Tenor. Robert Craven, Baritone. George Bullock, Bass Cyril Reynolds, Bass. Ira Compton, Second Soprano, Dean Craven, Second Soprano. Joe Smilies, First Soprano. Rev. Proppe, director. The student body held their month ly meeting last Wednesday. Miss Myrtle Stephens, who was tak ing a post graduate course, and who was our Editor has left to enter a higher institution. Moore & Walker for Wall Paper. DAR POSTS FOR SALE Seven foot split red cedar posts in car load lots. Write A. M. Matlock Lumber Company, Dallas, Ore. 4t FOR SALE Hop Roots. Price $15 per thousand. Samples can be seen at the Independence Enter prise office, where orders will be taken also. SPUDS FOR SALE American Won der Early Seed Potatoes. J. C. uouins, or i'hone harm hi. Im They f)AY OLD CIlfjKS for sale from O A. C. S. C. White Leghorns; also from Petalmna S. C. White Leg horns mated to Tancard Cockerels. R. E. Duganne, Phone 4421. 2m FOR SALE S. C White Leghorn Eggs for hatching, from 2-year old hens. Stock carefully Hoganized for laying strain. $1.50 per setting of 15t $8 per 100. B. T. Merrill, R 2, city, phone Farm 3103. 4t WANTED A girl for general house work. Good home and good wages to competent person. Every con venience. Address R. M. Hofer, cwo bouth Commercial street, Sa lem, Oregon, Phone 855. IF YOU NEED NURSERY STOCK FOR SPRING PLANTING, try ours. We have a limited surplus in Italians in 4-6 and 3-4 foot grades. Loganberry tips othr varieties of Fruit tnd Ornamental Treris. Small Fruits and Rosea uninjured by the December freeze. Place your order early. SALEM ...it o the best use the passenger train c;in and the freight cars that are in service and how to put into good condition for service every piece 0( equipment to he had. This problem is before every railroad. Abreast of this is the larger question whether the earnings under the new law, the "Trans nortation Act of liW will be enought to establish the credit of the railroads at a point wlicre they can provide themselves with the facilities of all kinds that thev need to give the public proper service, We have the will if only we can find the ways and means t1hk. .-ire not easv to find, for an assumed earnini? of even (" per cent, and no assurance of that, is not attractive to anvone having money 10 invest wnn money is worth 7 or S per cent in the open market. Hence, the ell'ect of the new act of congress upon earnings and upon the tie rit of the railroads cannot be immediately determiiud. This act pro. vides for a rate-making structure.under which, dur.i ing the next two years the railroads will be permit, ted to earn up to .V . per cent annually on the value of the railroads as may be determined by the Inter state Commerce Commission. The Commission has power at its discretion to increase these possible earnings to l pcreont, the added one-half of 1 per cent to be used only for improvements to the proper- ty. Xo guarantee of any kind is given to any rail, road, hut half of any earriine.- over li per cent are to be taken hy tl" en wn:)n"it to make loans to rail roads that may need them for improvements or to care for obligations falline; due. or to obtain ruul lease equipment t the carriers that cannot atfonl to buy it. Obviously tb.'M ; i ,. elements in the situation will IV . ! riM t o :t c,;:- : r i . ;:i marou-: our nans. i ne in- n r-f ' ( .!(,. rc ( !!'!! i -ion the deciding If. ly with respect to value of the properties as well as the rates which are to yield the .V , per cent return ) thereon. ;'nd much will depend upon the vision and j promptness of action with which that body accepts J its great responsibilities. j In the meantime, it is particularly desirable, in I view ot the j-horta.t;e of equipment, that every ellort j be made by shippers and the railway forces to eon-! tinue heavy ear loading and train loading, and to j lose no time in loaning and unloading cars. ! Relieving that ,ve will have the full co-operation I oi tne people served by our lines m dealing with the problems presented, it is due them that in thus aid ing us they should know what problems we have to meet. You can rest assured we are not idle with re spect to them. President i : Told byjtfie Bank Book "PIONEERS," In laying claim to being a member of that class, the Farmers State Hank boasts more of proej'es.siveness than of age. We're trying to keep trying to keep on our 'toes' for everything he communi ty may need. We believe in Corn Raising and are not only talking it, but helping it be done.That's 'pioneering is'nt it? C. w. IK v INK, J- B. PARK EH, C O. IRVINE, 0. C. .SMITH, ! I I j 1 f ife I i iiil 1 51 mmMS&i-$tKX?iM inop,nd&nc CifflxC Oregon . I Prenidont. Vico-l'rei Cashier Assistant Ciu.liier. FARMERS STATE BAMK. s: NURSERY COMPANY, loan pi.. mcketa street, Salem, Oregon Salesmen Wanted . 1t X t I Contentment is n state f min.l Not taricle,! Wi!.h ttio heart As most contented peo;,,. lnu The stornacli claims itH ,m,.t Th. liiiTh following jiersons of n'lii'n i-eccntly npplic-l for Onal uive 'n; '''I' I'ptTH in th folk County, coiirt: clenn Mat j I In Ni !!. of Ual ' 'ifllve of Russlit; Chrl:itl;in F. f Aiiiic, a native of ilorm- ' J.- nil 'i'liy.