Image provided by: Josephine Community Library Foundation; Grants Pass, OR
About Grants Pass daily courier. (Grants Pass, Or.) 1919-1931 | View Entire Issue (Jan. 17, 1920)
ll»2O- Commander in Chief of Expeditionary Forces Submits Special Report to Secretary Baker—Fate of Central Powers Decided by Work of the United States Army. FOCH ADMITTED ALLIES WERE FACING DEFEAT First and Second Divisions, in Company With French Moroccan Troops, Attacked on July 18 Without Preliminary Bombard* ment. Smashed Through the German Lines. Overwhelmed Both Infantry and Artillery, and Cut the Enemy’s Communica tions, Compelling a General Retreat From the Marne and Starting the Military Collapse Which Forced Germany to Sue for Peace. (Continued from last week» When, on March 21. 101«, tne Ger« ■an army on the western front began Its series of offensives. It was by far t$M (uoat formidable force the world had ever seen. In fighting men and guns it bad a great superiority, hut this was of less importance than the advantage In morale. In experience. tn training for mobile warfare, and in nelty of command. Ever since the col lapse of the Russian armies and the crisis on the Italian front In the fall •f 1917. German armies were being as sembled and trained for the great cam paign which was to end the war before Aniert»-»'» effort could be brought to bear. Germany’s best troops, he» most •uetvssful generals aud all the experi ence gamed in three years of war were mobilized for the supreme effort. Tbe first blow fell on the right of the British armies, including the junc tion of tbe British and French fanes. Only tbe prompt co-o*?ration of the French and British general headquar ters stemmed the tide. The reason fur this objective was obvious, and strik ingly Illustrated the necessity (or hav- »■X some one with sufficient authority ■»ver all the allied armies to meet such a« emergency. morning of June 1 -vs« deployed acr»-.«.« the Chateau-Thlerry-Parls roti near Moutreull-aux-Llous in a gap In the French line, where If stoppe»1 the German advance on 1‘srls. At the same time the partially trained Third division was placed at French dlw posal to hold the crossings of the Marne, and Its motorise»! machine-gun battalion succeede»! In reaching Cha teau Thierry In time to assist In suc cessfully defending that river cross tag. The enemy having been halted the Second division commenced a series rpHE successful nfrmerraises bigger crops x and cuts down costs by investment in labor-saving machinery. Good prices for the farmer’s cro|>s en courage new investment, more production and greater prosperity. But the success of agriculture depends on the growth of railroads—the modem beasts of burden that haul the crops to the world’s markets. The railroads like farms increase their output and cut down unit costs by the constant investment of new capital. REPORT OF THE CONDITION OF THE FIRST NATIONAL BANK OF SOUTHERN ORE44ON at Grants Pass, in the State of Oregon, at the close of buaineM on December 31, 1919. Resources 1. a Ix>ans and discounts, including rediscounts..$570,322.40 9570.3 2 2.4»» •Total loans .......... .......... ......... XO1.87 2. Overdrafts, unsecured. $801.87 . ►. 5- I’. 8. Govcramewt securities owned: Reserves Were Lacking. The lack of complete co-operation among the allies on the western front had been appreciated and the question of preparation to meet a crisis Imd already received attention by the su preme war council. A plan hail been adopted by which each of the allies would furnish a certain number of di visions for a general reserve to be un der the direction of the military repre sentatives of the supreme war council, of which Gen. Focb was then the senior member. But when the time I eame to meet the German offensive In March these reserves were not found available and the plan failed. The situation resvlte»! In a con ference for the Immediate considera tion of the question of having an al lied commander tn chief. After touch discussion, during which my view fa voring such action was clearly stated, an agreement was reached and Gen era! Focb was selected. His appoint- mein as such was made April 3 and was approve»! for the United State« by the president on April 1C. The grave crisis precipitate»! by the first German offensive caused me to make n hurrie»! visit to General Foch’f heatlquarters at Bombon. during which el! our combatant forces were placed at his disposal. The acceptance ot this offer meant the dispersion of our troops along the allied front and a cnnseipient d»-lay in building up a dis tinctive Amerl»?an force In Lorraine hut the serious situation of the allies demanded this divergence from our plans. On March 21 approximately 300.000 Ami-rlinn troops had reached France. Four combat divisions, equivalent In strength to eight French or British division« were available Took Cantigny Heights. On April 25 the Fir division re lleved two French divisions on tbe front near Mon’dldier and oil Ma'. 2s ct>ptnr»»d the important observation stations on the heights of Cantigny with splendid dash, trench artillery, aviation, tank-, and flame throwers aided In Uie attack, but most nt this FreDcli assistance was withdrawn be fore the completion of the operation In order to meet the enemy’s new of fensive launched May 27 to Cbates'i Thierry. The enemy reaction against our troops at Cantigny wps extremely violent, and apparently be was deter mined at all costs to counteract the most excellent effect the Atneri<*ari success had produced. For three days his guns of all calibers were concen trated on our position an»l counter attack succeeded counter-attack. The de«l>erate efforts of the Gcrnans gave the fighting at Cantigny a seeming tactical Importance entirely out 0*" proportion to the numbers Involved The third German offensive, on May 27. against the French on the A «ne soon developed a desperate situation for the allies The Second division was hastily diverted to the vlclnl'y of M<:iu\ on May 31. anti early on th» of vlgisruuit attiu’k« ou June 4 wlib'li ressiltisl In the capture of Rell»*au woods after very sever»" fighting, village of Rotirexche» was taken soon after and on July I Vaux was eup I tured lu these operations the nee- 1 ond dl.lsion meg with most desperate I resistance by Germany’s best troops Our Second corps. under Maj Gen I George W Rend. had been organlusl for the command of the ten Mlvlstnn« with the British, which were belli | back In training areas or assigned to secoml Illi»" »lefenses After cousultn tlon with Field Marshal Haig on Junj 1 8 five American iltvlslons were r»« llev<*»l from the British »rrn to aui>- port ill»" French. The Marne salient was Inherently weak ami offered an opportunity for a counter-offensive that was obvious. I If «wcceasfiR *ueh an operation would Hfionl Immediate r»»llef to the allied deft'nse, would remove the threat against Paris an») free the Parts- Nancy railroad. Rut more Important than all else, ft would restore the mo rale of the allies and remove the pro- found depression and fear then exist ing. Up to this time oar usits had been put In here ami there at critical point» as emergen»*? troop« to stop th»- ter rifle German advance. In every trial, whether on th«" defensive or offensive, they ha») proved themselves equal to any tnmps In Enroim. As early as Jujie 28. au»l again on July 10 at Bom- boa I bail very strongly urge»! that our best divisions be concentrated. ■Oder American command. If possible, for use as a striking force against th»- Marne salient Although the pre vailing view atnoug the allies was ♦bn» Kmerlcnn units w*i* «ul table i»n»y for the defensive, and thne ar all events they could be used to better advantage under allltxl command, the Mtggestlon was accepte») In prlnclpte am) uiy estimate of tltelr <»ffen«lvr fighting »tqalltlea was aoon ptu le tbe test. The enemy had encouraged M« s<4- «Uer» to bellev« that th«> July 15 at- (Continued on Page Kight) a- 8. 9. 10. 11. 12. ’ 4. 15. 1 6. ’S. 19. a Deposited to secure circulation (U. S. bonds par value) ..................... —.................... c Pledged to secure postal savings deposits . (par value) ................................-...... .. d Pledged as collateral for State or other de posits or bills payable ......----- ----- ...................... ..... f Owned and unpledged h War Savings Certificates and Thrift Stamps actually owned ........ _..... ....... Total U. S. Government securities Other boads, securities, etc-: c Bonds and securities (other than U. S. se- irities» pledged as collateral for State or other deposits (postal excluded) or bills payable ................ e Securities, other than U. 8. bonds (not in cluding stocks), owned and un pledged *_............ - Total bonds, securities, etc., other than V S.................... .................. Stock of Federal Reserve Bank (50 per cent of subscri|dion) .................................. .. a Value of banking houee. owned and unin cumbered ..... — Furniture and fixtures ....... Real estate owned other than banking house lawful reserve with Federal Reserve Bank C-ash in vault and net amounts due from na tional banks .. ........ ........... Net amounts due from banks, bankers, and trust companies (other than includ ed in Items 12.33. or 14) ...*. ... Exchanges for »'tearing house............................. Total of Items 13. 14. 15, 16. and 17 Checks on banks located outside of <dty or town of reporting bank and other cash items ................ .................... Redemption fund with F. S. Treasurer and due from ('. S. Treasurer .............. Gold dust ... . ... ................................... I 12,500.00 9.000 00 -JAMES J. HILL 21.009.00 4-5.6X2.00 28. 31. 32. . h . 35. 36. 3 8. 40. 2,437.31 2,729 4 4 Poor railroad service is dear at any price. No growing country can long pay the price of inadequate transportation facilities. 02.301 32 cT/iò adverliòenwd û published by lhe 65,09! 10 ‘ iMocidtion. oj‘Railu>aii ^xeaitwex, TT hmt tlftirittff I* for mafion omrrrt»»»»? Mr rollr ¡nd nivation muy nbtittH lilfrahrf I'V writing to Thr l-ouci- of /¿adivi* Krrruhifu, HI ttroaihroy. Vrir IVk 29,000 00 3.1 33 69 10,710.00 39,882.82 35.900.17 2,189.47 1.474 »»I 2.36*.77 625.00 267.«X $«45,5X6.55 IJabilHir'» $ 50,000.00 Capital stock i»aid in .... ......... ................ ___ 25,000.00 Surplus fun»l ....................................... *...*........ . Interest and discount collected or cre<tfted in advance of maturity and not earned 5,099.59 — (approximate) ........-........... ...... ..... 12,500.00 Circulating notes outstanding ................... ..... Net amounts due to banks, bankers, and trust companies (other than included in 302 36 Items 29 or 30)................................ .... 165.00 Certified checks outstanding ........................... 407 36 Total of Items 30, 31. 32 and 33 Demand de|e>sits( other than !mnk dC|Hmlts) subject to Reserve I deposits pay able within 30 days): 505,221.35 J.idf-.1d’-',l deposits subject to check Certificates of dejxjsit due In less than 30 days 40,742.95 lather than for money borrowed) State, county, or other municipal deposits se cured by pledge of assets of this bank ...................................... ...... *0,129.16 Dividends iinjsald .... .................... 3.000.00 Total of demand deposits (other than bank d«p»>»its) subject to Reserve, I’ems 34. 35, 36, 37. 38. and 39 569,093.46 Time deposit« subject to Reserve (payable af ter 30 days, or subj<»ct to 30 days or more notice,.and postal savings): Certificates of deposit' iother than for money borrowed ) ......... -__ . ..................... 179,360.92 Postal savings deposits ................. ................. 2,434.1 2 Other If inf. deposits ...................... *__ 1,631.10 Total of time deposits subject to Re serve. Iteips 40, 41, 42. and 43 1X3,426.14 Total ..................... ..................................... 1X45,5X6.55 State of Oregon, County of Josephine, ss: I, Geo. E. bundburg. Cashier of the above-named bank, do solemnly swear that the above statement Is true to the best of my knowledge and belief. GEO. E. LUNDBURG, Cashier. Subset ibed and sworn to before me this 14th dav of January, 1920. . ISAAC BUST, Notary Public. (My commission expires Dec. 3, 1923.) Correct- -Attest: b. B HALL FRANK MASHBURN J T FRY Directors. Rates high enough to yield a fair return will insure railroad growth, and prevent costly traffic congestion which invariably results in poorer service at higher cost. National wealth can increase only as> our railroads grow. Total 22. 23. 25. Out of accumulated capi tal have arisen all tne successes of industry and applied science, all the com forts and ameliorations of the common lot. Upon it the world must depend for the process of reconstruc tion in which all have to share. , With fair prices for the work they do, the railroads are able to attract new capi tal for expanding their facilities. GARFORD TRUCKS FOR EVERY PURPOSE Garford quality is taken for grant ed. Years of service have won a reputation for dependability and USERS KNOW Reliablie Dealers Write for Open Territory. ■ . . H. MERTEN MOTOR CARS AND TRUCKS ROSEBURG Distributors for Southern Oregon OREGON
