C LA C K A M A S C O U N T *
T H IS W E E K
Report o f Condition o f the
Clackamas County Bank
at Sandy County o f Clackamas, at close of business on
SE PTE M B E R 24, l ‘J41
ASSETS
Loans and discounts (including $.'¡07.41 overdrafts) .. $220,416.49
Un.ttd States Govt, obligations, direct and guaranteed
74,031.1(1
Obligat
s o f S tate; and political subdivisions ....
65.628.S9
Oth r bonds, notes and debentures ...............................
5.00
Corporr' j s to c k s ............................... ................................
9.00
Cash. I alance with other banks, including reserve bal
anees, ar. 1 ensh items in process o f collection
191,375.06
li nk pie .ises owned, $1,600.00; furniture and f be
ta r s $000.00
.............................
2,500.00
Real estate owned oth r than bank premises ...... _ ....
3,135.00
IN
NEWS
DEFENSE
Fourteen new ships were launched
in “ Liberty Fleet Day” ceremonies
ield at shipyards on Saturday Sep
tember 27 at Baltimore, Md., Los
Angeles, Calif., Richmond, Calif.,
Portland, Ore.. Quincy, Mass. Ches-
.er, Pa., Kearney N. Y., Pasagoula,
Miss., Seattle, Wijui., and W ilm ing.
.on, Del. The navy annulled the
launching o f the battleship Mass’,
■husetts, three minesweepers,, Sum
mit, Guide and Ideal and the sub
ma ine chaser PCS 15.
Aid to Britian, Russia .. .
The navy department announce«
15 British and Free French warships
T O T A L ASSE TS
....................................$550,100.60
currently in United States ports and
said 12 others had already le ft U.S.
L IA B IL IT IE S
ports where they had put in fo r re
Demand deposits o f individuals j aitnerships, and
pairs or supplies. The war depart
corporations
.............
...................... _ .......$252,771.48
Time deposits o f individuals, partnerships and
ment said 59 officers and enlisted
corporations
.... ........................ 219,277.'.'4
men o f the British armored corps
Deposits o f States and political subdivisions ...................
33,449.55
are studying American methods at
Other deposits (certified and officers checks ,e tc .).......................... 1,769.84
the army armored force school at
Font Knox, Ky. Treasury secretarj
T O T A L DEPOSITS ................... $507,288.81
..........
1,648.54
Monganthau announced the Soviet
T O T A L L IA B IL IT IE S (not inculding subordi-
government has already repaid in
I obligations shown below)
............................... $509,937.35
gold “ a little more than half’’ o f tha
C A P IT A L AC CO UN TS
$10,000,000 advanced by the U. S
................................................................................................$ 2 0 , 000.00
treasury in August
I0,500.oo
Surplus
Undivided profits
...........................................
Reserves (and retiement account fo r debentures or
preferred stock) ............................................................
1,913.25
7,750.00
T O T A L C A P IT A L A C C O U N TS ...............................$40,163.25
T O T A L L IA B IL IT IE S A N D
$550,100.60
C A P IT A L AC C O U N TS
Clackamas County
Bank
Sandy,Oregon
purest
¿Memorial |Iark
G R E SH AM , OREGON
A LAWN CEMETERY WITH
PERPETUAL CARE
Lots including burial priced as low as $15.00
D IR E C TO R S
B. W. T H O R N E
L. L. K ID D E R
A R T H U R D O W S E TT
F R A N Z O LB RIC H
A. W. M E TZG E R
WM . M E TZG ER
R O Y B O H A N N O N , Superintendent
Phone Gresham, 245
Prodduction
F riday , öct . 10,1941
production will not come until this
winter or next spring. 11c said the
army has much to learn about the
ttank-plane and anttitunl; plane com
binations and “ we still have a long
way to go in our coordination be
tween air and the ground but we are
beginning in earnest in Louis a: a
now.”
He ssiid plane production “ at this
time is still not satisfactory as a
result o f she tages in manufacturing
facilitites and ees ential raw m ater,
ials but it is cominj up. He said sev
eral U. S. planes far exceed anj
others in the world.
Honoring Two Famous Pan-Americans
Priorities
Priorities director Nelson limited
production o f spare parts for passen
ger automobiles and light trucks for
the pe iod September 15-December
31, 1941 to 60 percent o f th - num
ber sold during the first six months
this year. SPAB said it will extend
American industry assistatnee in ob
taining repair parts.
Ag riculture
Agriculture secretary Wicnard told
northeastern farm leadens and ag
ricultural workers Brittian will need
between now and June 30, 194. evap- (
orated milk and dried skim milk and
cheese that will require processing
o f more than 4 % billion pounds o f
milk; a billion and a half pounds o f
pork and lard; about 500 million do.
zerr eggs; 18 million pounds o f poul
try meat and quantities o f tobacco,
vitamin rich fnuits and vegetables.
He said the British ne d a minimum
oig $1,000,000,000 in food between
now and February 28 ,1942
SPAB announced special attention
will be given provision o f equipment
necessary fo r expanding dairy pro
duction to meet domestic and Briti.-h
requirements. The agriculture depart
ment said total income from farm
marketings will reach $10,000,000,-
000 in 1941.
Statue of Simon Bolivar
In Central Park,
New York City.
We will publish additional authentic
feature articles dealing with the signifi
cant personalities and fundamental in
stitutions o f Latin American countries
whose newspaper publishers are co
operating w ith Publishers' Reciprocal
Program ( Inter-A m erican) by printing
in their newspapers feature articlee
backgrounding and interpretative o f our
‘way of life ' in the United States.— E o it o b .
Assistant attorney general Arnold
speaking at Yoseemite, C alif., said,
“ there is not an organized basic in
dustry in the U. S. which has not
been restricting production, to avoid
what they fear may be runous over
production a fte r the iwnr. . . They
have concealed shortages by overop-
timistic prediction about supplies.
Mr. Arnold also said “ a fe w stra
tegically located labor unions were
costing the American consumer one
billion dollars a year thru labor r e
strictions on production by strikes
and boycootts fo r illegitimate pur
poses, price fixing, restricting labor
saving devices, elimination o f small
competitors and owner operators and
“ tying up huge Industries in a strug P r ic e s
gle to determine which o f two un
Labor secretary Perkins said food
ions shall dominate the field.’ ’
prices continued to rise during the
first half of September with biggest
A r m y Preparedness Status
Assistant w ar secretary McCloy in increases iin pork chops, lard, eggs,
speaking at Jackson ,Miich., said the and milk. Price administrator Hen
U. S. has an army and an air force derson said eviction proceedings had
“ in the sense that one is in the pro. been begun b,y “ unscrupulous” land
cess o f production. . . Some o f its lords in various parts o f the country
elements are prepared to meeet any against tenants who complained or
foe . . . Y e t that army is just be threateneed to complain o f «ent in
creases to their local rent conumiittec.
coming an army.”
By E d w a r d C. J o h n s t o n
A few years ago there was unveiled
In Caracas, the capital of the South
American republic of Venezuela, a
statue of a great Pan-American. The
inscription on It, written in Spanish,
reads: “ Henry Clay, 1777-1852, Apos
tle of fraternity between the coun
tries of Am erica and valiant defender
o f their independence. The United
States o f America presents to the
United States of Venezuela this
statue of its illustrious statesman,
speaker of the House of Representa
tives, Senator and Secretary of State.”
The statue, given in return for one
o f General Simon Bolivar, the South
American champion of independence
and Pan-Americanism which was
unveiled in Central park in New
Y ork city in 1921, was form ally dedi
cated by a distinguished delegation
from the United States and the statue
was received by the President of the
Republic of Venezuela.
This ceremony, which honored the
man who, in the United States, has
been called “ the First Pan-Am eri
can” and “ the Father of Pan-Am er
icanism” , was a significant one in the
history of the nations of the N ew
World. It was a gesture of friendship
on the part of the most powerful of
those nations to a smaller nation
He said the army has its full am W o m en and A r m y Morale
which has reason to feel grateful to
ount o f the fundamental weapons,
Mrs. W illiam P. Hobby, chief of an older sister in the Pan-American
rifles, bayonets, machine guns, artil- he Women’s section o f the war de.
family. For to the Venezuelans the
leey, grenades, but does not have itspartment speaking in N ew York statue, erected in the square in their
full equiment o f light and medium sai<l “ L e t us stop talking about the 1 capital to which they have given the
tanks, anti-tank and anti aircraft talking about tthe hard lot o f the name of Plaza Henry Clay, means
more than a mere memento of a
weapons. He said there is sufficient enlisted men. E very possible provis- '
great man. To them Henry Clay was
equipment fo r training but heavy ¡oon f or the w elfare o f our soldiers a friend, not only a friend in words,
-
■
.
. ------- — —
- * is being made as quickly as is human-
but a friend in deeds as w ell and
| ly possible. L e t us also stop the ‘0, the monument w ill be a constant re
you poor thing, so you’re in the- army minder of that fact and o f the inter
national good w ill which prompted
away from your fam ily and friends.’
the presentation of it to their coun
Keep your handkerch e f in your pock try.
et. Instead invite him to your home |
As early as 1816 Henry Clay began
to meet you rsons and daughters.”
his campaign in the Congress in
support of the colonies of Spain,
then in r e v o lt Clay in his capacity
as Speaker of the House of Repre
sentatives, reasoning that the United
States might have openly “ to take
m ¿ A C o tíc 'tt JJagi
part with the patriots o f South
Am erica,” opposed the reduction
o f taxes Incident to the War of
1812, and a year later likewise op
posed a bill intended to stop the fit
ting out of war vessels in United
States ports, maintaining that such a
bill might be detrimental to the In
terests of South Americans who were
still struggling for their freedom.
In 1817 he offered a proposal to
authorize a salary for a minister to
the provinces of the Rio de la Plata.
In March, 1818, Clay made the speech
which is still gratefully remembered
by South Americans. Lik e all of
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This speech gained for the United
States general'v and Henry Clay in
particular many friends among tha
South American countries, who were
destined to increase when, in 1820,
Clay introduced a motion into the
Congress to inaugurate diplomatic
intercourse with “ any of the govern
ments of South Am erica which have
established and are maintaining their
independence of Spain.” The next
year, as the result of a resolution he
supported, President Monroe sent a
special message to congress and a
resolution to establish intercourse
with the South American nations.
When Clay became secretary of
state in 1825, his zeal in promoting
friendship between the republics of
North and South America became
apparent almost immediately. He has
been hailed as “The Father of Pan-
Americanism” in the United States
because of the steps which he took
to encourage the success of the con
gress at Panama in 1826, which con
vened at the call of Simon Bolivar.
The United States was not in the first
list of countries, but at Clay’s sug
gestion this country later was in
cluded. The invitation gave Clay an
opportunity to prepare instructions to
the United States delegation, which
in every feature seems to accord with
the principles which have governed
the Pan-American movement and the
Good Neighbor policy of recent years.
One of the facts about Clay’s in
fluence upon the international policy
of the United States which is not
commonly known to most North
Americans is in regard to the so-
calletj “ Monroe Doctrine.” The prin
ciples enunciated in that famous docu
ment Clay forecast in July, 1821. He
had been pleading the cause of the
South American patriots with bril
liance and fervor in Congress, which
was more or less indifferent to it.
Slowly, however, public opinion was
won over and when finally in 1822
the purchase of Florida was ratified.
President Monroe began to recognize
the new republics. The next year the
President uttered the words which
have been famous as the "Monroe
Doctrine,” although they might more
justly be called the “ Clay Doctrine,”
for had not Henry Clay prepared the
w ay for them and contributed ideas
to the formulation of the doctrine,
they might never have been uttered.
Clay’s last great Pan-American work,
as Secretary of State in 1825, was to
organize European influence, particu
larly that of Russia, to prevail upon
Spain to discontinue the war against
her former colonies.
The story of this man who was so
signally honored in the Venezuelan
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Dawson City, Yukon Territory,
may be said to have streets of gold.
After the recovery of the main gold
content of gravel originally washed
down from above the Klondike val
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which a trace of gold still remained
w ere used to grade the roads in and
around the town. The actual gold
content remaining is, of course, very
small.
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Statue of Henry Clay In
Caracas, Venezuela.
T lu In te lle c tu a l L ea d e rs
T h e IM rlle rtn a t loaders o f met, a r,
the men o f vision, w ith the pow er ol
seeing more than o 'h - r s see, fo r t i c '
«bead of one's leliowa
Massing the colors at the statue of Simon Bolivar In Central Park, New York
City, during the recent celebration of the 158th anniversary of his birth.
Clay’s orations, it was stirring; it was
the first plea voiced for recognition
o f the countries then shaking off the
domination of Spain.
Alone tn congress he thundered
and pleaded sympathy fo r "th e 18
millions of people struggling to be
free."
Wings Over America
Twenty "wings” or local branches,
one to each of the Latin American
republics, were set up by the Inter-
American Escuadrille which recently
spent 4 months touring the nations
to the south under the auspices of
the Rockefeller Commission. The
capital as a figure of international I
importance is one of the most ro
mantic in American history.
Closely associated with the names
of General Simón Bolivar and Gen
eral José de San Martin in the story
of Pan-Americanism one finds the
name of Henry Clay.
| new organization proposes to encour-
1 age Pan American air touring, build-
[ ing of airports for civilian flyers and
[ to adopt a uniform touring card for
I amateur pilots, designed to free
them from red tape in international
' air travel. Included in the plans ia
a convention of the 21 “ w ingi” in
I U. S. before the end of 1941,