OIBGONs THUBSDAY. MABCH < ÎM4.
PAGCfóÙ* ,
[’L
’ be 'Supervised by the public through »The demonstration, “Retouching
clear and unmiatakeable expression of Furniture,” will include Information
on cleaning furniture, removing
its will. ¿ ,
scratches, ugly white spots, dents and
bruises. The units schedule for this
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.
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demonstration is as follows: Norway,
was at its peak on Aug. 91, 1*19. it
March 10, Mis. A. R Davenport;
has been reduced M,800,000,000 The
Fairview, March 28, schoolhouse.
debt last Saturday stood at $21,781.-
Showing bow to shampoo rugs and
DM,852. ' if we could keep up our
Realizing that beauty and comfort upholstered furniture and how to
lick at that rate the entire debt play an important role in successful clean lamp shades and window shades
would be wiped out in about 18 years. family living, members of several will be a part of the demonstration on
But we won’t keep it up; too many Coos County Home Extension Units "Simple Household Aids.”
people are anxious to have taxes re­ are eagerly anticipating the demon­
Miss Lots Lutz, Oregon State
duced right away. Indeed, we feel stration an ‘^Making Slip Covers,” lege home management specialist, will
sure the child has not yet been bom, “Retouching Furniture’ ’and “Simple conduct the project leader training
who will live to see that debt wiped Household Aids” that are to be given meeting on March 17 in Marshfield
Out.
throughout the county beginning this and March 48 in Coquille. The unit
•
month.
schedule for this demonstration will
Manager Compton has secured Ben
At the morning session of "the dem­ Wgin In April.
Hersey as day clerk of'the Coquille onstration “Making Slip Covers” there
Other Extension Unit demonstra-
Hotel and for the night position Perry ! iyii be a discussion of suitable matier- Uonl to be held this month are:
Lawrence.
itajg for slip covers,’how to measure Breadbaking, Coquille, March 18,
Und how to repair davenport cushion Odd Fellows Hall; Bandon, March 17.
Actual construction of the lagging springs. At the afternoon sesisoir a Mrs. Hugh Stevenson; and Sumner,
road, which Geo. H. Chaney is going slip cover for a chair will be cut and March 23, Mrs. Vern Pierson. War­
to build up Glenn Aiken creek, will . f¡U and some of the more intricate time Desserts, Sumner, March 9. and
begin early next month.,. E. L. Vin­ sewing techniques will .be illustrated. Coos River, March 14.
ton is now at- work surveying the Units that are to meet
soon
route for the road.
for this demonstration are Broadbent,
Phone 222R, to Art Hooton for your
March 15, at the home of Mrs. Doro­ electrical wiring and repair needs.
The Hillstrom Constructioif Co. has thy Hermann; Bullards, April 5, Mrs. He is located north of the ball park
begun driving piles for the trestle Harold Libby; Riverton, April 7, Mrs.
52tfs
on the Fairview road.
across the river from Coquille, which William Church; Coquille, April 20,
will connect the bridge with the dyke Mrs. James Bishop; Bandon, April
u it
on the McAdams’ place.
31, Mrs. Eula Neideigh; Fairview,
.
--jr- .
Bull.
April 25, Mrs. Hazel Benham.
Tonight occurs the big game of this
year’s basketball schedule. Having
gone through the year without a de­
feat, Coquille this evening will meet
North Bend on'the armory floor at
Marshfield.
The Sentinel I TWENTY YEARS AGO 1
»____ ■ ■
-<i
(Token from Th« Sentinel of Friday,
March 7, 1944)
Out .of courtesy to the C^uille
members of th« Coos Bay concert
band, that organization will give a
free concert in the Liberty Theatre
here next Sunday. The Coquille mu-
_ ___________________ sicians in the band will be Geo. O.,
Entered gt th. CoquCle Portofflo. a.
A ““** Jack A
wd John
r—r- ClaM Mall M^ttse.
At the Wednesday evening dinner
of the Commercial Club at the Co-
' quille Hotel, the local Boy Scout or­
ganization was perfected by the elec­
tion of officers: Ned C. Kelley, J7 A.
Lamb, C. C. Farr, j. E. Norton, H. A.
Young, J. L. Smith. Scoutmaster is
R«v. C. S. Bergner and Roy Folsom
Ms assistant. A. T. Morrison and J.
J. Stanley were named as the court
°f •kgRT’
T/
, »1'.-
Office Corner W. First and WHterd 81 j
Timely Topics
By A 7. Moore
-
The out-standing event to date on
the domestic front io the spectacular
The Art Exhibit of ISO world fam-
defeat of the Present on the tax ’ one picture« will la- shown 111 the Ma-
measure. The sudden Declaration of sonic Hall on Tuesday and Wednes-
Independence by the Democratic day. of next week. Tuesday evening
wheel-horse. Senator Barkley, set the ( Mr. Russell Morgan will zing, on
stage for the resounding defeat of Wednesday evening Miss Marvel
government by—directive. In hie Skeels will sing- The Oirls* Glee
courageous stand against the Presi- ' Club will give numbers both evenings,
dent, whom he has faithfully sup-
—o—
ported for years. Senator Barkley' Few people have any idea at what
3.
t
j.
earned the approval and respect of rate the vast debt the United States
the great majority of Americans. His, incurred during the world war is be-
leadershi) in the Senate is now sure, ¡ng paid. In the four and a half
He wiU haws to be reckoned with y.ars that have passed since the debt
hereafter 'by Administration big- uqi—iii n ■ j _ *
..____
wigs.
’ ij merely
__ ‘
- things
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doing the
moot • advan-
I he President placed himself in the
themselves as successful
position of the driver with the heavily business organizations, a natural and
loaded cart which became «tuck in a commendable policy
mud-hole. Rather than dismount and | when each cotnmunlty had its
get himself covered with mud while bome.owned bank, the banker was
shouldering a wheel, th. driver reapected „ , business and civic
chose to apply his whip cru.lly to ^der. He had to be conversant with
the horse, hoping that the shock at the trade technique of every line of
it would cause the animal to lunge business in his constituency. He had
forward and dislodge the cart.
to have personal knowledge of the in­
But Old Dobbin had some spirit dividual characteristics of his cus­
left in him. Instead of reacting as tomers because the basis for mast of
»Meted, he vigorously kicked him- his loans was the character and in­
saPfree of both cart and hanfees, dustry ef the borrower. rather than
trotting up the road with snorts of what he had to pledge. And this sys­
, indignation.
tem worked eminently well.
•
The driver, left in the lurch,
The close relationship between.
grabbed a hat-full of “Dear Alben” i banker and customer led to the found-
oats and ran after him, uttering ing of
nation-wide businesses
soothing words the while. But Old K developed the huge automotive in­
Dobbin was not tobe enticed. He was dustry, most agricultural industries,
faithful to hi« master but he loved gpecjalty manufactories, and numbers
his liberty more. So the driver had of lmall enUrprlM1 which be<.anle
to set about extricating the cart by Iarge concern8 employing thousands,
his own efforts.
, It turned embryonic ideas of aina-
Whether thip incident works for
invMtors into vast private en-
good or evil depends upon whether
that have aston-
the President can overcome his natur-
world and confounded our
al bent for accumulation ef political
th * kindly, intelligent
power.
- ------- He doesn’t like to share his counaei of the banker was as essen-
toys with playmates. But he will tJal „
of
farnlly doctor> the
have to if he is to achieve the her- dentlat,
Ia#yar> or
„mister,
monious domestic situation which he People confided in their banker and
most ardently desires in election
waa tru.
tru>t
year.
Thia ideal situation began to change
Two small logging operators com­
plained about being unable to get
customary bank loan« to finance win­
ter cold-decking of logs against the
opening of the trucking season. They
had habitually borrowed on short
term paper timed to mature after
3 ■
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*.
with the gradual entry of government
into the banking field. " The small
banks were slowly strangled by gov­
ernment competition until their busi­
ness became unprofitale. Seeing only
ruin ahead, small banks sold ouj to
the chains to salvage something from
( their investment. The informal at-
Home Extension
Unit Meetings
borrower’s personality and business
is of great importance. No one is
better qualified in thia respect than
the small banker who lives among
his customers and associates with
them in his daily life. No one can
do a more competent job in obtaining
maximum benefit to the community
from its own bank deposits.
The chain banks are large, well or­
ganized,
disciplined
corporations.
Their size presenta personnel prob­
lems tbat'ean only be solved by strict
routine regulation and conformity to
centralized policy. It is difficult to
operate them close enough to. the
domestic lite of down-state communi­
ties to meet the needs of the medium­
business borrower.
Nothing in this discussion should
be construed as deprecating the work
of chain-banking. It has a difinite,
essential place in our economy and
benefits a majority of the population.
The Intention is to point out its de­
ficiencies in attempting to take over
the functions of the home-owned
bank in small towns. —
Middle-sized business provides a
major portion of wage and salary in­
come. It has great politico 1 strength,
though unorganized and inarticulate
as yet. Ita needsowili eventually be
met by either private banking or gov­
ernment.
In the case of private banking in
Oregon, the absorption of home-
owned banks has proceeded to the
point where the only immediate hope*
for small-business credit lies in plans
now being undertaken by a group of
PfiXftlr „bwkers. If these p.lans are
acceptable to the chain -banks and
they actually proceed under them,
their bank was recently purchased by . supplanted by rule-book regimenta- subside,
But if the chain banks
and
one of the Portland chain
cha’~ banks -----
* Bon of cold impersonality of city fumble the ball, a federal agency set­
the loan policy changed,
_ L They were 'banking. Character loans were ruled up is inevitable.
unable to get the customary loan for out. One had to have approved se­
An ideal solution would be the re­
winter operation and therefor called curity to pledge regardless of other establishment of numbers of small
off their logging until deliveries could qualifioations. The intangibles of banks under State charter.
Such
be made as fast as produced. The moral character, habits of industry, banks would be large enough to serve
result is reduetion of 1844 produc­ experience, honesty, and persever­ small business credit needs and yet
ance no longer served in lieu of formal small enough to be operated close to
tion to about 50 per cent of 1943.
Allis incident
IIK.1UCI1& is
1» a
■ guua
. uii . j IV1
for lUMurin«:
moderate credit
Licuit lines.
This
good luusirsuon
illustration security
community lite. But there is little
of what is happening to middle-sized ; Unfortunately, very few young mon chance of small banks re-entering
business in down-state communities ' with good Ideas and ambition have the field until■ conditions are more
where fonfler home-owned banks have such a thing as bankable assets. They favorable. Years may elapse before
been absorbed by the large chain.
| have to^pend the best years of their the poisondUs atmosphere -can be
Tb- '.fact chain-banking will have lives trying to accumulate property cleared away. No immediate relief
on down-state communities is begin- enough to finance youthful dreams can be expected from establishment
ning to bee- res clear. It will benefit and the keen edge of ambition is of small banks but it should be en­
wage-earners and tow-salaried groups 'dulled in the process. With the pas- couraged for the future as in the pub­
by providing lower cast financing of sage of years and the accumulation lic interest.
installment purchases, life insurance [of family responsibility, youthful 1
• Because of the vital Importance of
■ It will benefit the large borrrowers dreams lose allurement.
'adequate financing in the maintain­
It wil lbeneflt the large borrowers | But all progress is based on dreams, ing and expanding of a prosperous
using substantial sums in current Somebody must conceive a plan be- economy, concerted action must be
operation and having bankable as- , fore it can be placed in operation The taken by banking, by government,
sets to pledge. But it is working out loss to society through frustration and’ and by ths public to provide ways and
to the disadvantage of the medium- discouragement of youthful endeavor moans of setting up credit lines for
steed business comprising the bulk of during the past decade will never be those who can and will properly use
small town enterprise. The coming known. It must be considerable if them.
of chain banking into a community judged in the light of industrial Be­
The part of banking u to accommo­
Since
seems invariably to have brought complishment prior to 1930. U*
date “risk” loan borrowers as well as
freezing of small business credit in this date practically all'research has
other types, within limits compatible
been confined to the laboratories of
its wake.
with reasonable banking prudence, i
The reason for shutti.ig off medium large corporations and to agencies of
The part of government is to In-,
size business credit lines is probably the U. S. government. The latent
sure the security of the banking sys­
because the risks in such loans ex- power of thousands of individuals
tem by providing facilities for instant
■ ceed those of the very large or the blessed with creative genius to de­
liquidation of stow paper in time’Of
vise
new
ways
and
means
of
adding
very small variety. The chain banks
crisis and to retire from competition
are not to be blamed foe reluctance to our living standards has gone un­
in the banking field.
used
to
an
increasing
extent.
The
to furnish credit lines involving some
The part of the public is to insist,
element of risk whan by investing strangulation of individual initiative
their aggregate deposits in U S ae- was incident to the general trend to- pn government policies favorable to
curities or U. S. guaranteed loans wards state socialism.
.
. private banking and to remove statu- ¡1
The vast and intricate credit sys­ tory handicaps such as the double 1
they can make the same earnings with
no risk whatever. By adopting the tem of the nation is the basis of liability feature of Oregon State
role of collection agencies for the U. banklhg. It rests upon the extension Banking Laws. A favorable, friend­
S. Treoaury they avoid much of the of bank credit to qualified users in ly atmosphere must be created to en­
over head of loan-costa and get along ' confidence that the borrower will courage private banking if Oregon is
with loss man-power, an important t meet the repayment schedule set up to take its rightful place in post-war.
factor at present. They also avoid for him. Ability to pay and con- competition.
Future prosperity in our State will J
dangers lurking in the uncertain , tinuity of the borrower’s circum-
domestic political situation now hoe- stances are the primary considera­ depend largely upon the effectiveness
tile to small business.
They are ' tiene. An intimate knowledge of the of this team-work. The job 1
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SPECIALS FOR FRIDAY, SATURDAY AND MONDAY
Cream O'Coos or Brookfield
Butte
MBE
lb. 46c
9c
Carnation Alpine
Libby's 46 oz. cans
Tomato Juice
finest of
flavor
Luncheon Meat in the glass jar
12 oz
SWIFTS PREM
Ì 2C
Morrell
each
NAPKINS
■
■■
Lettuce
Solid, Crisp
Red. Delicious
Red,
"■
r
Apples
Grapefruit
extra foncy
Texas Pink
3 for 23c
18c
Bacon
1 lb. jar M
Creamy or Crunchy .
SKIPPY PEANUT BUTTER
VS S
MWBM w WF.
In the
Large Package
¡GG NOODLES
1
34c
9AC
14 oz. cello package »
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»______________Full
1
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»
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ir
We have some
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