Clackamas County news., July 18, 1941, Image 4

cL A C K A M A S
iCONOM IC
H IG H LIG H TS
. ,nulequate production «hen it says.
—♦ —
I “ All testimony before this committee
CO U N T Y
NEWb
F R ID A Y , JULY' 18. 1941
OUR DEMOCRACY
by Mat
NOTICE OF FIN A L ACCOUNT
No. 6544
W hat is probaMy the most author!-j was to the e ffect that the Aluminum
tative cu ts , in ol ildio gevciuiKnt’dj t omp.iuy o f Ainenca not only used
handling of liie titTinse program has' os o »n money for expansion ami low-
PULLING Al I. TOGETHER.
In the Clicuit Court o f the State of
hearing o f objections thereto and tin!
Oregon for the County o f Clack­
settlement thereof.
amas,, Probate Department.
Dated and first published June
In the matter of the Estate o f Hugh
27th, 1941.
Fitzgerald, Deceased.
Date o f last publication July 25,
Notice is hereby given that the un-
del-signed, as Executor o f the estate 1941.
F R A N K C H R IS T E N S E N , SR.,
o f Hugh Fitzgerald, deceased, has fil­
ed bis final account in the Circuit
Executor o f the Last W ill and
Court o f the State o f Oregon for
Testament of Hugh Fitzger-
Clackamas County, und that Monday
aid, deceased.
the 4th day o f August, 1941, at the
hour oi 9:d<> o'clock in the forenoon J. S. Middleton,, Attorney.___________
recenlly uppcureii. it came from the 11 red ihe price but o f its own initia-
House
of
Representatives’
Military
afiairs committee. Sixteen numbers
o f this conimilti e v o id to publish the
tepoit while nine voted to suppress
it.
The report criticizes among others
" f0_r .PUAUn* - , i ! Uy
quarrels above national interest '” to
use David L aw .enee’ phia.se. This
Far more important is the sectioij
o f the report which says, by Infer­
that
the
Administnation
has
harmed the national defense effort by
refusing lo sidetrack
political
pro
J«C1 Whil
nn.ie.e .„•}• and nn-
wise at tin 1 time. To quote directly
again the house committee say s:“
..Km. phasis over thl. la.,t few year,
critic, n, ,t la , d on the interior Sec.
retar}'s handling o f the aluminum
probk m. To quote the report direct
ly “ The aluminum industry relies on
power, electric power. Unwillingness
o f some nverninent officials to pro­
vide hydro-electric energy from gov
emment dams in ueh nn emergency
as exists today is Ht least short-sight­
ed. W hatever the merits o f any con*
tiovei.-y between so-called "m onopo­
lies’ and the Admin! trillion it is the
:*nse of this committee that a squab­
ble at this time on tie subject of ino-
noply is a ti.-u ir
l- ” Tb
tive trebled its production” .
ence,
o f said day and the court room of
said court has been appointed by said
court as the time and place for the
has been made on social reform lath­
er than national security. As a nation
we seem to have forgotten that with­
out national security social reform
might well prove meaningless.’ ’
Report o f Condition o f the
First State Bank of Milwaukie
o f Milwaukie in the state o f Oregon at the close o f business on
JU NE 3 0, 1941
So the country has been given high
official authority to back up the man»
and vaiied criticisms o f the handling
o f defense that have bfen made by
economists, business men und other
who have no connection with th.
government. The report cites a Ion j
list o f efl-’«s ••’b!'*1
!*s *wv|n
A SSE T S ................... ......... „ ......................
Loans and discounts (including $ 4 ,8 4 1 .3 8 overdrafts)
$96 3 ,93 3 .89
United States Government obligations, direct and
guaranteed ............................................................................. 3 5 ,8 3 7 /9 7
Obligations ot States and political subdivisions .............. 130,415.38
Other bonds, notes and debentures ............................................
36,239^00
Cash balances, with other banks,, including reserve bal­
ances, and cash items in process of collection.........
•
Bank premises owned $ 1 2 ,6 9 1 .2 9 , furniture and fix­
tures $ 3 ,5 0 0 .0 0 .....................................................................
(Bank premises owned are subject to $0 liens not
assumed by bank).
4 35 ,8 57 .5 7
1 0 , 19 1.2 9
Real estate owned other than bank p rem ises........................
Other assets ...............................................................
9 ,89 2 .00
1 ,63 6 .0 7
T O T A L A SS E T S ...................................................... $ 1 ,6 3 0 ,0 0 3 .2 0
LIA B IL IT IE S
Demand deposits o f individuals,,
partnerships and
corporations . . . .............................................................
$ 5 0 3 ,4 3 7 .7 4
Time deposits o f individual»., partnerships and cor-
corporations ........................................... ......... .................. 8 06 ,3 48 .1 0
GN AS TH EY ARE IN MANY WAYS,
ES PULL TOGETHER.-IN ALL OF
TODAY TH E DESIRE IS :
W E AD FOR. N ATIO N AL D E FE N S E .
-H
.1er Picnic
* not
a
tLAl
till ite j
.».^ured.
C c . .. .
Very strong pressure is now being
exerted on the W hite House to aban­
don social reform for the duration of
the emergency and to coordinate the
wh.de defense drive under one hea<J
•is was done in the last war. Some
think Mr. Roosevelt is at last coming
toward the view that this must be
done again now. In the meantime crit­
icism such at that of the house com­
mittee is becoming more prevalent.
a bottle, make it Gold^
Label. It’s got what it
takes when it comes to
taste.
$ 1.90
q i ’A l t r
$ 1.00
V ISIT O R S and TO U RISTS
P IN T
Colored view folders. 18 beautiful
local and Oregon views in folder
form ,, only 10 cevits. Also colored
vii w postcards 5 for 5 c< nts. Hepp’ s
Racket Store, 218 Main A ve. Gresh­
M>. B.inlay 1 Company, ltd., Pooria, lllinolt
am.— Adv.
r .iiil
Loganberries,
Black
for
Raspberrie»,
Cuthbert
Raspberries, Youngberries, Blackberries, Boy-
seubcrises, and Curranls.
Gresham Packing Co.
R. I. MacLaughUn & Co., Owners
Telephone Gresham 277
Gresham,
Oregon
ounty 4-H club mem-
lers will hold their an
. picnic at the Clackamas county
fair grounds Sunday afternoon July
20. The picnic is sponsored by thr
4-H local leaders league and will be
a potluck affair with lunch served be
tween 1 2 :3 0 and 1 :0 0 p.tn. Baseball
lots to eat and games will be feature
attractions o f the afternoon for tho
4-H club members. Ice cream will bt
served by the local leaders league
and a large group o f club people ar>,
expected from ail ove: the county.
Approximately 250 attended this an
nual picnic last year.
state allotment have been worked out
by the state A A A committee. County
committees are proceeding with pre­
paration o f individual farm allot»
merits for Clackamas county.
------------ o------------
Keep Fire Out
of Forests
Keep fire out o f the forests and
you will help provide powder for the
ariny” s guns. ,the W est Coast Lum­
berman’s association pointed out to­
day in an appeal to the forest-using
public for extreme care with fire in
the present period o f high tempera—
ture and low humidity.
Deposits of States and political subdivisions........................... 1 49 ,6 62 .7 9
Other deposits (certified and officers’ cheeks, e tc.) .........
12,6 6 0 28
T O T A L D E P O SITS ............................................$ 1,4 7 2 ,0 9 8 .9 1
Other liabilities ...............................................................
6 .4 7
T O T A L L IA B IL IT IE S (not including subordinated obli­
gations shown below ...................................................... $ 1 ,4 7 2 ,1 0 5 .3 3
C A P IT A L ACCO U N TS
Capital ................................................
$ 7 5 ,0 0 0 .0 0
Surplus ................................................................................................
6 0,0 0 0 .0 0
Undivided profits .................................................................................. 2 2 ,8 3 9.3 1
Reserves and retirement account for preferred capital ........... 1 0,058.51
T O T A L C A P IT A L A C C O U N T S ................................................. $ 1 5 7 ,8 9 7 .8 2
T O T A L L IA B IL IT IE S A N D C A P IT A L A C C O U N T S ....$ 1 ,6 3 0 ,0 0 3 .2 0
This bank’s capital consists o f $0 o f capital notes and debena
tures and common stock with total par value o f $ 7 5 ,0 0 0 .0 0 .
First State Bank of Milwaukie
Milwaukie, Oregon
“ Twenty—four new powder plants
requiring a billion feet o f lumber
are a rush project o f national defense
NO R AISE IN PRICE
that depends upon sustained produc
John Deere tractors at no raise in tion of logs and lumber” the asso­
ciation stated. “ W est Coast lumber
price and the same easy terms.
Hessel Implement Co.. Gresliant, is also a key material o f construction
.........
— Adv, in naval bases now on emergency buil
ding schedules. In many other fields
of defense the Douglas fir is the
tree behind the guns.
DOWN
All
Small
monthly
payment
take»
care o f
Reduction in
Allotment Seen
“ Log reserves are commonly built
up to keep the mills running when
summer fire—weather compels the
closing of lumbar camps. This year
Clackamas county wheat grower
such reserves weie depleted during
can expect a reduction in their 1942
the recent strike. To meet urgent de­
when acreage allotments in accord­
fense demands log production must
ance with the national and state al­
be kept rolling despite fire weather.
lotments announced by the depart­
“ With this outlook timber opera!
ment o f agriculture lecently G. R
Cumberland chairman of the county tors have expended their summer for­
ces o f forest defense for 1941. Fleets
A A A committee said yesterday.
o f trucks and tractors have been
The national allotment of 55 mil;
made ready and manned to convoy
lion acres for 1942 is the same us
Oregon’s and Washington’s commer­
the 1939 allotment and is 7 million
cial forests thru the hazardous zones
acies smaller than the 1941 allot
o f heat and drouth. Patrols are cruis­
ment. The state allotment is 756 ,2 84
ing areas of file danger along the
acres. The allotment is based on ade­
fronts o f 1500 operations in the Dou­
quate supplies o f wheat for domes­
glas fir region and state and forest
tic consumption, export and reser­
industry men in every mountain peak
ves. Reduction in whi at acreage to
lookout are keeping a 24-hour watch.
prevent piling-up of heavy surpluses
Networks of rapid communication by
was necessary in view o f a prospec­
telephone and sho t wave radio cen-
tive carryover o f aiound 500 million
u ii..g in the headquarters o f state
bushels on July 1, 1942.
forester Nels Rogers and T . S. Good-
Acreage figures for each county, yenr o f Oregon and Washington and
based on the lowered national and in operation.
Buys
balança
Three
Refrigerator, Range
anil Washer
NORGE
Electric Ranges
As Low as $119.95
NORGE
Electric W ashers
As low as $59.95
New 1941 Oversize 6.24 cu. ft.
Free
........... • • • .AyxcaM.v.-.x-
Enlargement
at
DavicUon’ s
Pruj: Store, Gresham, with any 6 or 8
erqio-uro film finish at reasonable
price o f 25.— Adv.
Weed Giowth
Proof of the tremendous strength
of crowing weeds was shown at Win­
nipeg, Manitoba, when a piece of
lumber an Inch thick, through which
hud gi own a dandelion root, was
found in a lumber yard.
Norge Refrigerator
For Only $ 1 3 4 .0 5
and
REMEMBER
<trr n n A m t *
'P O . U U d O W n
buys all
THREE
See the Complete Norge Line at
Man;
DiAman.il
From Cull
n m
file iurxcsi diamond ever found. IF*
I'uillliMn. was made into nine inner
-lone* and more than us »mail ones
as X
y
U N SU R PA SSeV
Temperature It ttio
The temperature of the earth in-
cr rases one degree for every 200
feel Oelow Uie surface
Empire Furniture Co.
G R E SH A M .
C A R L BURCH, Owner
PHONE 216
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