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About The Coquille Valley sentinel. (Coquille, Coos County, Or.) 1921-2003 | View Entire Issue (Nov. 3, 1933)
I — ♦ T» COQUILLE TALLEY SENTINEL. COQUILLE. OREGON, FRIDAT, NOVEMBER 8. 1988. PAGB SIX I'-. , ILW-'J----- J-I —"'J--------- —------------------ ...... Reserve District No. 12 Charter No. 6849 Report of Condition of the FIRST NATIONAL BANK <.- Opportunity Content to Be * Heard at Liberty Tonight How All the People Played a Part In Building Nation’s Credit Structure (Continued from first page) of Coquille in the State of Oregon, at the cloee of business on Oct. 26th, 1938. trie« haa been reduced to ten acta and RESOURCES on (Nov. 10th and 11th Skipper Don 8 68388.70 L Loans and discount» ..................... ............................... Milla, stager of the sucoraaful 1933 .02 2. Overdrafts .................................................................... • • Portland and Seattle Auto Show«, will 42,600.00 8. United 8tatee Government securities owned .... be in Coquille to act aa master of cer 129339.60 4. Other bonds, stocks, and »ecuritie« owned............... emonies for the special show at which «. Banking house, $36,000.00. Furniture snd fixtures Manager Clever will present his ten 37300.00 $1300.00 ..................................................................... 22344.08 8. Reserve with Federal Reserve iBank..................... 166357.15 9. OaSh in vault and balances with other banka...... 180.04 10. Outside checks and other Sash items............. 41. Redemption fund with U. S. Treasurer and duo 826.00 1 from U. 8. Treasurer 8468,079.50 LIABILITIES Demand deposits, except U. S. Government depos $228,786.42 its, public funds and deposits of other banks. Time deposits, exedpt postal savings, public funds 117347429 , and deposits of other banka............................ Public funds of States, counties, school districts, . '■ 18,217.02 or other subdivisions or municipalities ........... ■ United States Government and postal savings 2,621.45 deposits .................................................. • Deposits of other banks, including certified and 15,68631 cashiers’ checks outstanding ................................ 12,600.00 Circulating notes outstanding ............. ,...................... Capital account: Common stock, 600 shares, par $100.00 per share $50,000.00 10,000.00 Surplus ................................ .Z 8,021.30 68,021.30 Undivided profit»—net ... TOTAL 16. 16. 17. 18. 1«. 20. 29. 1458,079.59 TOTAL, Including Capital Account.............. ... State of Oregon, County of Coos, as: I, E. D. D, Webb, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. E. D. Webb, Cashier. Correct—Attest: L. H. Hazard, O. C. Sanford, H. A. Slack Directors. Subscribed and sworn to before me this let day of (November, 1933. (Seal) Joseph E. Axtell, (Notary Public for Oregon. Probate Court Ite H. J. Gant wa* last Saturday ap pointed administrator of the $2600 estate left by Daniel Martin who died Sept. 26, 1933. The aprpaisers are Frank Carey, Lyman Rolfe and John Purves. Administrators of- th* $1000 estate left by Iran* Lois Wright, who died October 2, ar* Lot Harpoie and Jo«. A. McKeown. The appraisers are Andy P. Davie, Blythe Cousin* •nd and Anna Rooney. Geo. A. Rice was yesterday named as administrator of the $600 estate left by Lloyd H. Wise, who died Dec. 16, 1981. The appraisers appointed are Charlie Warner, A. L. Rice and Aaron Dysart. Callinr cards 60 for $130. Why Doctors Favor a Liquid Laxative Banker Describes the Way Loans and Securities of Banks Are Based on the Hopes and Plans of All Classes—Values Dependent on Public’s Ability to Meet Obligations By FRANCIS H. SISSON, President American B*nk*r* Association in Tbt F •root REDIT may be Informally described as future hope*. plans and good In tentions converted Into present pur chasing power. Th* farmer, th* manu facturer. th* mer chant. the home buyer, the pur chaser of household goods, the Investor •ad the speculator •II borrow at times. They plan to repay with the earnings of their crops, pro ceeds of the sales ot their goods, in come* front their . p. H. SISSON wage* and salaries or profits from the resales ot their securities at enhanced market values, each as the case may be. The greater part of these various forms of cradlt is obtained by the bor rowers directly or Indirectly through the expansion of ths loans and invest ments of the banka It Is this which creates the notes, securities and mort gages In the portfolios of ths banks. The banks are abh to extend those loans because a great many people de posit money with them. Even under the best conditions the plans of a small percentage of borrow ers go wrong through mistakes, hard luck or dishonesty, and the judgment of ths banker in snch cases is proved by the after avsnt to have been at fault. The losses caused under such condi tion» ar* ordinarily fully mst by funds set aside out of the earnings of the banks for just this purpose and do not affect ths money of ths depositors, who seldom hear anything about snch losses. In the vast majority of cases and In ths overwhelming volume of business Involved the confidence of the banksrs In their customers and the confidence of the customers in their own ability to carry out their plans and obligations to successful conclusions are wholly justified. This Is the normal economic situation and it constitutes ths condi tions under which the use of credit adds to public welfare and progress. C unal act». Three of them will be named to go to Portland the follow ing day to appear on a broadcast over KEX. Here are the qualifications for thooe who would enter. Your act must be suitable for radio or stage; cannot run longer than six minutes or re quire a cast of more than four people and the entrant shall supply accom paniment and properties. . The winner of «this state-wide event will receive a trip to Los Angeles with ell experutea paid, try-out at the National Broadcasting Company Stu dios and a screen and voice recording test at the Fox Film Studios. Both > \ the National Broadcasting Company •nd the Fox Film Corporation are constantly on the lookout for new tal ent and these tests may be the start of a future success and glory for the Oregon state winner. KNEW HEE BIBLE Remember, second and third prises “So you attend Sunday school regu are also trips to California, receiving larly r said the minister to Uttie Eve. try-outs at NIBC Studios and the "Oh, yea, sir." fourth and fifth prizes are valuable "And you know your Blbler stage contracts on the KIR Empire Tbs F.ith of the Banks "Oh, yes, sir.” Circuit. Such was the structure of hopes, good "Oould you tell me something that to A pleasant journey awaits the Intentions and common confidence In to itr three choeen from Coquille, with com “I could tell you everything that’s one another that existed among all fortable accommodations at the Con la It” •teases of the nation’s community life "indeed I" and the minister smiled. gress Hotel, meals and everything when the series of economic shocks furnished free. "Sister's young man's photograph began to shake tbs nation’s social fab One winner wHl be selected from to la It" said Kve. promptly, "and ric in lilt. The people had deposited mother’s recipe for face cream to to the KEX broadcast to represent Co billions of dollars with the banks W IL and a lock of my hair cut off when quille in the finals to be staged at I was a baby to In U, and the ticket the Broadway Theatre in December. cause they bad confidence In them. The banks had loaned largo volumes of for dad’s watch to In It”—Tlt-Blto these deposits on farm and horns mort Magazine gages and on notes of manufacturers, New Cases in Circuit Court business men end finance concerns, and Oct. 27—(Delbert R. Hunter vs. La had invested In the standard securl- Della M. Hunter. Suit for divorce. ties of ths nation's corporations, state Oct. 28—(Muriel C. Boyd va. Leland and local government units and the R. Boyd. Suit for divorce. national government Itself, because Oct. 80—City of Coquille vs. Frank they had confidence In ths eltlMnahlp J. Fish. Appeal from recorder’s and business condition of ths nation. Thslr mortgage and other loans to- court. Nov. 1—State of Oregon, by the owners of farms aggregated $«,500,009,- World War Veterans Commission, vs. 000. Loans on urban real estate wore $4,000,000,000. Loans to individuals se Joe Porter et al. cured by U. 8. Government, municipal Nov. 2—State of Oregon, by the and corporate securities totalled $11,- World War Veterans Commission, va. 000,000,000. Leans to Industrial and Geo. A. Rice, administrator of the commercial enterprises In connection estate of Lloyd H. Wise. * with the production and distribution of the nation’s infinite verities of goods amounted to almost $11,500.000,000. Always Has Been Investments In Federal, State and mu Because of talk of legalising the nicipal bonds wore almost $4,000,000,- cure, a medical publicist puts forth 000, and In various kinds of railroad the claim that there la no such and corporate securities $11.000,000,000. ment as “common mid." Those made total loans and Israel- manto of $51,000,000,000. “Gold Diggers of 1933 This great credit structure was built while the country was at peace, while the farms and factories were produc Old Papera, good-sised package at tive, while the nation and the world The Sentinel fer 6 provided great active markets for their outputs, while the earnings of all kinds of enterprise wore large, while the Hum •n- For Fastest Relief PERSPICACITY "Jones Is a man who never fade te see his duty dearly.” "True; but usually he sees It in time to avoid it.” dees not harm the heart. So If you want QUICK and SAFE relief see that you get the real Bayer artida. Always look for the Bayer croes m every tablet a* illustrated. above, and fer the words MR A GENUINE BAYERVX? ASPIRIN on every bottle working people ot the nation were fully employed, while wages and aal- ariea were steady and generous, while prices of commodities w*r* strong and white ths minds of the people wars dominated by faith In the tutors and confidence In ona another. Great Chang*« Cana to the Nation Than suddenly, almost as It the son Itself had lost part of Its vitality, everything changed Foreign markets tailed and disappea. ad. Industry slack ened. A rapid drop In all kinds ot com modity values set In. The earnings of business tell. Unemployment devel oped. Wages and salaries went down. Domestic markets shrank. Fear be came general. The securities markets became paaie-ridden as the prices ot stocks and bonds withered to tractions of their former values It was the greatest disintegration ot human plans, economic conditions and worldly values that history had ever wltneseod. These destructive changes cut right through the qualities and values ot the loans and Investments, the notes and securltiea la the banka Bualneas men and manufacturers could not repay their notes to the banks as due. Many governmental units and corporations defaulted the payments on their bonds. Property underlying real estate mort gagee became worth less than the face ot the mortgages. The market values of standard securities became less than the banks had paid tor them aa In vestments or accepted them at aa col lateral for customers* loans. This meant. In flee, that the ability of borrowers to carry out the future hopes, plans and good Intentions that I have denned above as the basis of credit, had become Impaired to a tar greater extent than had ever before oc curred In the nation's history. The re sulting losses could not be absorbed by the banks alone out of the normally ample funds that had been net aside against ths expectsncy of a certain In evitable percentage ot human plans gons wrong. Banks Showed All Reasonable Car* It was In loans snd Investments, whose value* thus became so unfore- seeably Impaired, that the banks. In all confidence, la all good faith. In all humanly reasonable care and good judgment had entrusted the Millons ot dollars of deposits which their cus tomer» had entrusted to them. Those loans and Investments were, under all normal eordltlons. as good as gold Itself. Indeed If the bank* In stead had filled their vaults with gold bars, and then some unknown cosmic ray had transmuted them Into lead, the results would have been scarcely mor* startling than the depreciation that was caused la th* asset* of th* bank* by the unforeseeable economic force* which permeated and debased them. Th* inevitable result was that, whan the banka urgently needed th* money they had entrusted to those assets, so that they oould meet th* unreasoning demand* of thalr depositors, they oould not get It back. It was not that our banking system and method* were ot themselves weak or reprehensible, apart trom the rest of the Ilf* ot th* nation, aa ha* so much been made to appear. It was not that our banka were per meated with Incompetency or dis honesty or with lower standards of business ethics than were the other forme of human activity with which their owa tat* and activities were In extricably Interwoven, aa. It almost seemed at time*. there was a concerted national conspiracy to lead our people to believe. The great tact ot American banking I* that It shared fully In the plans and hopes and hasarda o. th* American peo ple,—and when those plana wont wrong, the banka carried their abare ot the burden and suffered their ehare of th* misfortune. Chi«.,. Started “Here’s Hew” To the Chinese the world owes a debt for several of the beer drinking niceties of today. Certain of his eus toms have persisted except In those Isolated places where the savage haa advanced little In the social amonltlea lie gave the world the merry-go-round drinking from the Ailed born and the "here's te you" or toasting style of •Irl nktnx.—Exchange. Demand And Gel GENUINE BAYER ASPIRIN The Pioneer Methodist Church CeuMa't Say That New Hubby—Yen didn’t have a rag ea your back when I married you. Wife—Anyway, I’ve plenty of them now.—Stray Stories Magazine JOAN BLONDELL See Mansell Drayage and Delivery remains on the gold standard with the Co. for MID Wood, |2 a load. Orders “GOLD DIGGERS OF 1988.” filled promptly. Leopard a Bad Arter The leopard Is shout ss mean am' fearles* an antagonist as any man rat. face. When they cliarrv they present so narrow a target, and <-omç no swift ly, that a hunter who haa faceti on* suct-eeefully Incline* towards great re sped for them, and to apt to endo» lappante with qualities they do noi POGSPGG. N.t Even Middle-Aged Rpwiklng of youth thirty Is the age *hm llennlhsl crossed the Alps and within one year of the age when Na ¡»Icon muted half of Kumpe at Mar- 'ngo. What d>nh mean—“ton yon ng." Rev. W. S. Smith will occupy the pulpit of the Pioneer church next Sunday, both morning and evening, and every Sunday until the new pas tor arrives. Sunday School at 9:46 a. m., Lyman Carrier superintendent. Both departments of the Young Peoples’ Division conduct their de votional! at 6:80 p. m. Prayer meeting Wednesday evening. Young People’s choir rehearsal Thursday evening, F. G. Leslie di rector, and Mrs. M. O. Hawkina, pian- iaL Regular choir rehearsal Saturday evening, F. G. (Leslie, director. A cordial welcome awaits you at all of our services. If you do not wor ship elsewhere come with us. Start the week right by attending church. Church of Christ Turner B. MacDonald, Pastor Bible School 10 a. m. Ned C. Kelley, Superintendent. Preaching services at 11 a. m. ¿on- tooted by Walter Fiscus. Christian Endeavor 6:30 p. m. Walter Fiscus will deliver a strong sermon at 730 p. m. Everyone is invited to attend the evening services which are in pro gress every night except Monday. In spiring congregational singing led by Willett Jessee, of Coquille, and Lou- rence Sunkier, of Marshfield. Foursquare Gospel Church East Second St. at Heath Rev. Cecilia Nixon, Supply Pastor Sunday, November 5, 1933 9:46 a. m. Sunday School. Mrs." M. Jewell, Supt. Classes for all. Come. 11:00 a. m. “The Feet of Mephi- bosheth," or “For Jesus’ Sake,” will be the sermon subject Sunday morning at the service of Holy Communion, Rev. C. Nixon preaching. 6:30 p. m. Crusaders’ and young people’s rally. 7:30 p. m. Evangelist Oscar lewis jegins a two-weeks series of meet- ings, speaking on prophetic subjects of vital interest. A cordial invitation to attend is extended to all. St. James Church (Episcopal) Church school every Sunday at 10 a. m. C. Osika, superintendent. First Church of Christ, Scientist Coquille, Oregon Bunday School at 9:80 a. m. Sunday Service at 11 m. Subject for next Sunday: “Adam and Fallen Man.” ■« Wednesday evening meeting al 8 o’dock. Free public Readtai Boom open in Church Building every Tuesday and Friday afternoons except holidays from two to five o’clock. The public is cordially invited to at- tend our services and to visit the Beading Room. Seventh Day Adventist Church Pastor, H. A. Niergarth. Sabbath School (Saturday) 9:46 a. m. Preaching service 11:00 a. m. Baptist Church Sunday School at 10 o’clock, with claaees for everyone. Visitors always welcome. Mrs. Ballinger will preach at the 11 o’clock service Sunday and will continue to conduct the morning ser vice every Sunday until further no tice. Prayer meeting 7:30 Thursday _ night B. Y. P. U. cervices evary Sunday evening at 7 o’clock. ■ Methodist Episcopal Church Sunday Evening Bible Class, 6:15 to 7:16 p. m. Mm. Edith Ballinger, teach- Evening Preaching 7:80 p. m. Prayer meeting Wednesday 7:80 p. Preaching at Bandon 11 a. m. Scriptural, Spiritual Preaching. Ev eryone welcome. G. A. Gray, Pastor. 107 E. 2nd St., Coquille, Ore. Church of God Sunday School at 10 o'clock with .lasses for everyone. Morning service at 11 a. m. Evening preaching 7:80 p. m. Young People’s meeting Sunday evening at 6:80. Prayer meeting 7:30 Thursoay eve ning. The public is cordially invited to all these services. Edward E. Watkine, Pastor. A Natural Affinity There is a natural afllnlty between happlneea and gratitude. When a per son la happy the mind Is grateful In stlnctlveiy, and this attitude finds Its refiectk« tn a happy countenance. Such an expression sends a glow through the heart of those who see IL It to a friendly look the happy per •on gives and It to a happy look It rets In response. a 5 <
