Image provided by: Josephine Community Library Foundation; Grants Pass, OR
About Grants Pass daily courier. (Grants Pass, Or.) 1919-1931 | View Entire Issue (July 12, 1924)
GIIAXTA PAGE rhh ■ - 1 . PASS DAILY SITI BI» IV, .11 IA COI 1UKII Hi, IWI ' Charter No. 4168. Reserve District No. 12 REPORT Or THE CONDITION OF THE First National Bank of Southern Oregon At Grants Pass in the Slate of Oregon, nt tho dose of business on June 30, 1924. _______ RESOURCES 1. a Loans and discounts, Including rediscounts, acceptances X allow al MHtoa-ial .VaMM-iatlon Ixis Angele«. July 13.— (1. N. S ) of other banka, _____ ._________ _________________ ___________ and foreign bills of exchange or drafts Washington. July 11.' «Special» to keep the doubtful states of Minne sold with endorsement of this bunk —Jack Dempaey. world's champion »70.496.51 —Now that It has been definitely sota. Wisconsin. North Dakota. South 2. Overdrafts, unsecured, »1.133 69 1.113 69 heavyweight, does not expect to de- 0. Dakota and possibly Nebraska out of U, S. Government securities ow*e<l: settled that there will be three pa | fetid bis title this year. a Deposited to secure circulation (U. 8. bonds litical parties in the contest for ths the republican column, tn such case Dempaey thought It possible he par value) ...................................................... 1 50.000.00 presidency of th* United States, the It would probably also carry Mon I would meet the winner of the Firpo- b All other United States Government securities »Includ question agitating the minds ot Po- tana out of the democratic column. ing premium, if any) »93.115.00 Willa bout, but advancing the date of Total litical leaders is "what will Ln Fol The democratic politicians who have 14». 115.00 the fight to August 30 convinces him 5. Other bonds, stocks, »ecu rifle«, etc. 352,684 33 lette do?” It Is quite natural that been thinking only of agrarian dis he will not get into action In 1934 6. Banking House. $20.000; furniture and fixtures, (3.500 18.500 00 some apprehension should lie felt as content in the Northwest have over 7. Real estate owned other thun banking house "It's a big disappointment to me." 2.350.00 looked the probable effect of the the political situation becomes more 8. Lawful reserve with Federal Reserve Batik 69.651 01 Dempsey said today. "I am feeling 10. Cash In vault and amount due from national batiks chaotic aud uncertain. It ia not a third party movement on the indus- 99.916.81 great and hate to see the year pass 11. Amount due from State banks, bankers, aud trust com question as to the ability ot the Wis- trial vote which the professional la- without doing my stuff. I've been panies In the United State« (other (han included tn conain senator to win by popular vote bor politicians have been delivering Items 8. 9. and 10) here several months doing movies 1.048.36 but more ot a matter of damage that to the democratic party tor the past 3.055.11 and am anxious to get back to rigid 13. Exchange (or clearing house his candidacy would inflict upon the 'ten years. Through thia oversight Total of Items 9. IO. 11, 12 and 13 »103.830.48 a training again. 14. b Miscellaneous cash items »2.531.40 3,531.40 two major parties. It Is said that they have been led Into the folly of! I **At that I find that my work 15 Redemption fund with U, 8. Treasurer and due from U. 8. a snake may bite the prime motive of La Follette is feeding '—**----------- *■* that — •• fatally *-* — here has kept me in good shape. I Treasurer ...™........... „.......................................... 2,5 00.90 to capitalise the discontent evident them before the campaign is over." 283.54 am almost dowu to ring weight und 16 Other assets, if any in the conventions of the republican It is easy to perceive that the feel great.” Total »1.361.856.»7 and democratic parties with the hope chief concern of the democratic and While Dempsey was talking he ot reinforcing hia hold on congress republican leaders is on the number* LIABILITIES washed off the make-up used in his through the development of the bloc of electorial votes which may pos 3 50.000.00 movie stunts. Carefully he picked 17. Capital stock paid in ................................ system. 50.00U.OU sibly fall into the hands ot La Fol- ‘ off the putty which Is applied to his 18. Surplus fund ..... .................................. . 19 Undivided profits ... $17.5tio.no 17,50«» 00 According to well-informed politi lette and throw the election into con-j [ nose to produce the pure grecian 30. Circulating notes outstanding 5ti.uoo.oo Situations of this kind have) profile of the typical movie hero. cal observers, the third party move grass 34. Certified checks outstanding 1.436.25 ' ment, under tbe leadership of Sen- been known in American history but Total of Items 21. 22. 23. 21 und 35 »1.436.25 The champion does not think much Demand deposits (other tliaa bank depo»tls) subject to ator La Folitte. is based upon the always deplored as Inimical to party of a bout with Gene Tunney, who de Reserve (deposits payable within 30 days): assumption tbat the farmers and the interests, feated Spallo. He believes that if 26 Individual deposits subject to check »565,763.30 labor element will combine, especial It ia conceded that no party can he defends his title this year, and 37. Certificates of deposit due In less than 8tt days (other than ly in the Northwest and Western . boast of harmony as considerable such a thing, he admits, seams im- for money borrowed i States. It is doubtful whether la-, differences have develops«! among probable, it will I* against either 38. State, county, or other municipal deposits secured by pledge of assets of this bank or surety bond ... ... ...... . 47.222 22 l>or. an an organised liody. would the followers ot the three principal Wills or Firpo. 30. Dividends unpaid 4.000 00 lend its support to Mr. La Follette.I contestants tor the presidency. The "Tunney is a great fighter, but 31. Other demand deposits 6.354.73 Samuel Compere. president of the j principal difficulty at present is to Spallo never was miii'h of a cham- Total ot demand deposits (other than bank deposits) subject to Reserve, Items American Federation of Labor, ’3 smooth over the bitterness develop- I pion. Of course, Tunney la imprev- 26. 37. 27. 28, 28. 29, 29. 30. and 31 »660.293.14 against a third party movement. -j by factional spirit at the conven- ing all the time and might give me Time deposits subject to I Reserve (payable after 30 daya. Friends of La Follette say that Oom- tions. Leaders are hopeful that they the surprise of my life." or subject to 30 days or more notice, and poatal aav- pers represents only one branch of caD keep the controversy within the ings): Dempsey thinks Wills will defeat 182.618.30 32. Certificates of deposits • other than for money borrowed i union labor. It is difficult to say confines ot a family quarrel with a Firpo. 246,108 99 Other time deposits what the farmers of America will do view to the success of the party in “It is a pretty tough go to pick." 34. Postal savings deposits 2,730 24 35. for the La Follette ticket. It ia ap- the November ________ _________ elections. __ As ____ one dis said the champion. "Wills was not Total cf time deposits subject to Reserve, Items 3 2. 33. parent that La Follette intends to set ■ tlbguished foreign political observ- going his best against Madden. 3 1 and 36 »431.757.68 I up the machinery tor the third party, i er pUt n. the American election per- mean he was trying but just had an 3«. United Stales deposits (other than postal savings), in cluding War Loun deposit account and deposits of althougb he insists upon designating iod tg a tjme when "the ardour of off night. Firpo could knockout 369.75 United States disbursing officers ................ his candidacy as "an Independent faction is redoubled: and all the ar- Madden. progressive." He complains of the ’ ufictal passions which the ltnaglna- »1.361.856.97 **If Firpo > does not get going right Total ...................................................................... infquities of big business snd pro-! f|on can create in the bosom of a at the start and paste Wills the way State of Oregon. County of Josephine, ss: 1, R. K. Hackett, Cashier ot the above-named bank, do solemnly swear tests that the people have Inadequate happy and peaceful land are agita he did me. I think that Wills will that tbe above statement is true to the best of my knowledge and belle'. securities against the tyranny of a' ted and brought to lite." beat him. If 1 the fight goes any dis- R. K HACKETT. Cashier. few. The political theories advocat-' CORRECT—Attest: H. D. Norton. J. T. Fry. C. H. Demarary. Directors. The Borah committee of the sen tance I am certain Wills will win Subscril>ed and sworn to before me this 9th day of July. 1924. ed by the senator are nothing new ■ ate charged with the responsibility and he might kayo the South Ameri (NOTARIAL SEAL) EVELYN M. ALl.EN, Notary I’ulfllc for Oregon but are obviously designed to attract of conducting an inquiry into cam can." (My commission expires June 2. 1926.) votes from other camps. Nobody be- I paign expenditures is keeping the Dempsey did not conceal his dis lie ven for a moment that tbe ques I treasurers of the political parties appointment in plans of promoters Charter No. 266 Reserve District No. 12 tioning of probity of public officers j busy with reports on their financial which eliminate him for summer REPORT OF THE CONDITION OF THE and attacking business interests by condition. The party chieftains are bouts. Mr. La Follette will agitate the peo He does not piare much confl- required to give frequent and de ple sufficiently to produce political tailed reports as to the Identity ot Bence in plans reported to be In the At Grants Pass, in the State ot Oregon, nt close of business June »0, 1924. convulsions in November. their contributors and the amounts making for a title bout at Tta Juana. RESOURCES While it is true that the average given to the party exchequer. By Mexico, about Thanksgiving time 1. I-oans and discounts. Including rediscounts shown in items "I would fight in Tla Juana or 29 and 30. if any I »508.937.38 party worker, with his interests cen- this means it is hoped to keep a 604.95 2. Overdrafts, secured nnd unsecured __ ___ ‘‘I am tered primarily in local affairs, at-1 check on the so-called financial in- any other place,’* he said. 3. U. S. government securities owned, including those shown laches little significance to the La- fluences which are usually felt dur- anxious for a big bout this year. I 1 11.500.00 In items 30 and 35, it any Follette campaign, it is significant ing the presidential elections. It Is feel confident I am now at the 4. Other bonds, warrants and securities, including foreign to note that tbe national leaders are said that this system of publicity on height of my career and that it is government, state, municipal, corporation, etc., in 217.315.11 cluding those shown in items 30 and 35. If any not blind to the danger of a strong the campaign contributions is playng time for me to take advantage of the 3.OO3.OO 5. Stocks, securities, claims, liens, judgments, etc. Independent ticket. The national re havoc with party funds as the more development of my full strength and 6. Banking house, furniture and fixtures »12.655.42 12.655.42 publican. a semi-official organ ot the liberal donors do not relish the idea ability. 16.457.95 7. Real estate owned other than banking house . ..................... "It does not do a fighter any good republican party, is giving consider of having their names published and 59.816.66 8. (al Lawful reserve with fedetal reserve bank 8. (be) Cash on hand in vault and due from other banks, able attention to the problem. Dis- their motives questioned, It is ob- to be idle, and I would gladly defend 54.428 60 bankers and trust companies ............................................ cuaeing the question, "Will La Fol vious that economy will be felt In my title two or three times a year or 10. Exchange for clearing house and items on other banks in more often than that if possible. Of lette be a liability or an asset?*’ the the forthcoming campaign. 4.839.10 the same city or town as reporting bank former secretary of the republican carry I coarse, it takes months to prepare 11. Checks on banks outside city or town of reporting bank and 276.10 other cash items ....................................................................... national committee says: "The effect Hollow concrete poles to for a big championship bout and it 2.591 58 ot the LaFollette candidacy, should electric transmission lines, which is out ot the question for me to fight 15. Other assets. Gold Dust .................................................................... have I often, but I would like to at least it assume formidable proportions and will bend without breaking, »1,022.425.85 Total I perform once a year." not turn out to be a “dud", might be been developed in Europe. Grants Pass and Josephine Bank LIABILITIES What the World Is Doing At Seen by Popular Mechanic» Magatine^ “Two-in-One” Electric Engine Has Gear Shift Bv mmply shifting the gears, the ‘L-t.” a i>owerful electne locomotive now in use on the Pennsylvania railroad, can be adapted for hauling an express or pas- ■■ nger train at a speed of 46 mih s an hour, or, thrown into “low,” where it de. elope a engine weighs 408.000 pounds and can be operated wilh direct or alteraat in« cur rent It war Mtetnbied in a month's time, said to be a record for the Altoona hops of the railroad, and was exhibited in Phila delphia aa the latest development in elec- ported to be tougher than those of steel The inventor expects the process to aid in hardening and strengthening common metals, and believes that the treatment, if applied to other minerals may result in materials that would permit moving machinery to travel a. much greater speeds. The scientist is said to put raw rock suit under high heat, pressures, thus changing its form and increasing its flex ibility and strength. • as Towing Small Boats starting tractive effort of lOOXKfl pound,. I trie engines; those commonly used being and will haul a heavy freight '.rain at s I geared for only one type of service, either 23-mile-an-hour dip. Thia t • >-in-one"| freight or passenger. Testing Battery Polarity Cleaning Crystal» with Alcohol^ A simple method of determining flic polarity of a battery or cell, and at the ainie time roughly measuring its strength. » as follows: Dissolve 1 part of potas sium iodide in 25 parts of water; place the solution in a shallow dish, soak sev eral pieces of white blot'ing paper in it, then remove them and allow to dry. To use. moisten a piece of the prepared paper and touch it with wires leading from both polea of the battery, keeping them about in. apart. A dark-brown Riot will im mediately be produced where the wire from the positive pole touches the blotter. A dead eel! or battery will produce no spot. A little experience in judging the rapidity with which the spot is formed, and the shade of die color produced, will soon enable one to tell the condition of the battery fairly accurately, whether it is nearly dead, half charged, or fully charged’ This method is applicable to lioth storage batteries and dry cells, al though the wires must be further apart m the ease of storage battenes. The sensitiveness of a crystal deter mines to a great extent, the receiving range of a set. Some crystals are much better than others in this respect, but eicn good ones are soon spoiled by im proper care. Air causes the surface of the crystal to oxidise gradually, which of course decreases its efficiency. Dust, par ticles in the air also lodge on the surface and adhere to it. The most trouble is, however, caused by handling the crystal, as the oil on the hands and fingers, which is imperceptible to the naked eye. in sulates the surface of the crystal, and for this reason crystals should never be touched. An excellent method of clean ing crystals, which will in many canes re store the original sensit ivmeas, is M give them a bath in alcohol, using an old loottibrush to scrub them. • a a 16. Capital stock paid in ............................................................................I I 75,000.00 25,000.00 ..... 17. Surplus fund »13,598.12 18. (a) Undivided profits . (b> Less current expenses, interest and taxes 13.598.12 paid ................................................................................................ 6,103.00 M. Dividends unpaid 21. Net amounts due to other banks, bankers and trust 230.17 companies ............................................................ DEMAND DEPOSITS, other than banks, subject to reserve: 23. Individual deposits subject to check. Including deposits due the State of Oregon, county, cities or other pub 566.531.79 lic funds 25. Cashier’s checks of this bank outstanding payable on de 6,115.34 mand 174.17 26. Certified checks outstanding Total of demand deposits, other then bank deposits, sub ject to reserve, items 23, 2 1, 25. 26 »572,824.30 TIME AXI» SAVINGS DEPOSITS, subject to reserve and payable on demand or subject to notice: 27. Time certificates of deposit outstanding 28. Savings deposits, payable subject to notice Total of time and savings deposits payable on demand or subject to notice, items 27 and 28 »319,090.70 31. Bills payable with federal reserve bank or with other banks 10.000 00 or trust companies ................................................. 579.56 36. Liabilities other than above, long and short Newspapers 5& 10c Bundles-Courier COMPORT IN THE KITCHEN When the stream is flowing so fast ot the wind blowing so hard that it is diffi cult to make headway by rowing, the simple stunt shown in the drawing offers »1,022,125.85 Total ........................................................................ an easy way of towing the boat along the STATE OF OREGON, County of Josephine, as. bank or shore. Tic the boat line to both I, Sam H. Baker, cashier of the above named bank, do solemnly swear bow and stem, as shown. By paying out that the above statement is true to the best of my kurfwledge and belief. SAM H. BAKER, Cashier. on the bow part of the line and holding CORRECT- Attest, Charles Burkhalter, Claus Schmidt, 1. A. Hoble, in the stem line, the boat, can be kept nearly parallel with the bank, while if Directors. Subscribed and sworn to before tne this 11th day of July, 1924. only a bow line is used the current or (}. P. JESTER, Notary Public for Oregon. wind will cause the bow to dig into the (My commission expires March 15. 1925.) bank, making towing difficult. Ifanarrow creek is encountered, its mouth can be crossed in the boat as follows: Let out the bow and haul in the stem; this will cause the boat to lie dose agiinst the month. Fasten the towline to an oir pushed slantingly (toward the water) in I All (lining (lie Niinnncr and the canning Ncaoii when yon uno a New Perfection Oil Stove Two Burner................... $18.50 Three Burner.................. $24.00 Two Burner, New Model.$23.75 Three Burner, New Model $31.00 • Ovens................ $5.75 and $6.90 Advertising Pays—Advertise with the Couriei V f '.zi/?' ~ to the bank. After walking arrow the Salt Ii Tougher than Steel creek in the boat., the oar is pulled out, i Strands of wire made from ordinary which can readily be done on account of rock salt by a Riawan chemist are re- the slant at which it is placed. The COURIER Commercial Can Printing A clean blue I lame that gives instant heat. Department Cramer Bros. Handle Your Work Quickly Automatic Presses Phone 390 TRY ONE AND BE CONVINCED i
