The Beaverton Review
FRIDAL MAY 2«, IMS
T
DISPELS MYSTERY
OF BANK BUSINESS
Country Ranker Give* Simpli­
fied Picture o f H o w a Rank
Work* to Help Other
People's Rusiness
OOCNTRY tu to r Fa m ily pr*
a
part'.|
tho follow! >> k simpllllmS
statement (nr Ills neighbors nn Just
how » tin it k Roes «limit helping them:
"I t In tlm mini Important part of s
tiank's bu ilii"»» to lend money. Of all
tha money deposited In a bunk, the
law regain « Hint a pertain percentage
be kept on band as a reserve to neet
tha demands of depositors. It la the
business of Its oft!' »rs to lend tha bal
aura conservatively and safety.
"T h a loans nf a properly managed
bank aro Invariably minis to those It
believes are able to repay, and always
on condition that they lie repaid at a
stipulated lima.
"T b s promise of an Individual to re
pay a loan to a bank on a certain dale
Is as sacredly Inviolable as the prom
Isa nf a bank to repay Its depositors on
demand, or, In the rasa of a lerlltlrate
of deposit, on the date It falls due. When
It comes to be known of an Individual
that ha ‘always pays,' his credit Is
established and his bank la always
glad to eitend him needed act’ottimoda
tlona.
"A well ntnnagud bank never capl
tallies Industries That Is. It does nut
place lie loans In Died form, but puts
them where they are to be used for
temporary requirements, aud where
they will be taken up at the time sped
fled.
Ilow e llsnk l.endi
"I t Is not the funrtlou of a bank to
become a partner In Industries, nor
could It be legitimately done with the
money of depositors. Its loans must
be kept In ‘liquid’ form, that Is, repay
sble In cash at staled Intervals
"A bank must uso the greatest dls
crimination
In making loans.
A
stranger cannot «sport acrommoda
lions. It Is customary for the borrow
er to make a statement of his financial
affairs, which Is kept In the bank’s
records
It Is a punishable offense to
make a false statement for the pur
pose of borrowing funds.
"N aturally, In their dealing with the
regular depositors of the bank, Its
on cers become well acquainted with
their characters and their resources
and are thus In a position to determine
how large a line of credit each one
Is entitled to. That Is one of the great
advantages of being a bauk depositor
"T h e man who knows how to get
Into debt wisely, that Is. who borrows
money with which to make more
money through legitimate enterprise.
Is the borrower whom the bank Is
looking for. fly the frank Interchange
of opinion and a free discussion of
various projects, the borrower Is often
guided snd helped by his banker.
"In order to procure a line of credit
at a hank three things are Important
" I . A statement of assets showing a
basis of credit In the way nf Invested
rapltal. or collateral nf sufficient value
to cover amount of loan, or
"1. An endorser whose credit Is *»
lahllshed at the bank; and
"1 Average deposits of a sufficient
amount to Justify the extension of the
desired accom modation."
AS W il l KOGHHS S U 'S IT
W ill Huger» recently told why the
banks bad got Into trouble,
"tknn't
blame It all on the bankers," ho said
“ When wo all needed money they
loaned It to us but when they needed
It we couldn't pay It back."
Advertising Aids
Business Revival
N K W YOltlc
Acarosslve concern»
are expanding business by elfecllvi
advertising despite depressed buslnesi
conditions, declared A. W . Hiller, ail
vertlslng counsel, at a bankers' con
feronco here recently.
"I s 1033 a good year In which t'
advertise?" Mr. Hiller asked.
"Y e :
If 1933 Is a good year to stay In busl
ness, to reinforce the public’s confl
dene« In you, to put inure business oi
tha books. There Is new business ti
ba had today and aggrosslve comps
■lies are getting It. Rut new buslnesi
will come In only It you go out for It
Advertising certainly goes out for ll
"W ill people road newspaper ndver
tlsoments these days? They will rtun'
anything that Interests thorn. Then
are plenty of present-day argumeni
for business.”
Advertising Mistakes
Q U ESTION before many of ut
Is what change of advertising pol
Icy, If any, should bo mnde In vlow ol
present financial and business condl
(Ions. It Is perfectly natural for us ti
give consideration to some degree ol
retrenchment, but It Is dangerous to lo:
reduction In expenditure bo such a
to bring about a real gap In the cor
finally of the advertising. It Is a com
nion mistake for some advertisers l>
think that they can turn ndvertislm
on and off. like water from a faucet
and expect It to become Immediate!:
offoctl*» whenever they are prepare
to recline operations.
Advertlsln,
does not work that way. Temporary
conditions should not Influence us t'
make too serious Inroads on the pro
gram of advertising, which can b<
wisely conceived only on a long tern
basis
Frnnrls M. Sisson, Preside!.
American Rankers Association.
A
SENIOR’S GIVE FARE-
CHEMISTRY TEST
PROVES DIFFICULT
WELL ADDRESS
FOR FAILURE PROOF
BANKING STRUCTURE
This la not considered favorable i
for most Oregon growers unless the j
same reduction will apply under the '
new farm relief law. May 31 is the j
dcu llirie for applications for thtfw-
new loans and county agents have :
been furnished
detail« regarding , Speaker Outline* T h r e e fo ld Co­
operation Retween Ranker*,
regulations.
WELCOME ADDRESS
. GIVEN BY SENIOR
Tha state chemistry teat given on
Classmates, members of th* fac­
Classmates, members of the fac- j
Friday May 6th was a “ whopper”
ulty, jadíes and gentlemen, w* won­
ulty, ladies «ml gentlemen, upon me
der if you can realise just how
according to the chemistry team,
ha» I wen conferred the privilege of
Alden Mcltaron, Ivan Hierly and
proud we are at th* privlege of
bidding you farewell toCty, and of
Douglas Taylor. There were only |
bidding you welcome to these simple
Government
Official*
and
adding a few words th*t I might j
'l.wo Kale Crops Advocated
five questions but each question
cermonies we are about to begin.
the Public to Maintain
wish to say, Many people like to (
D A L L A S -K ale is considered the j
, It is true that we are not so many
had about six |>art» and each part !
Bank Standard*
have the last word, but in this case
in number, but small
beginnings
had three or four sub parta so that beat locally grown milk producer ,
1 cannot see how they
could. I 1
often have foreshadowed tremend­
the two and a half hours time al­ in Polk county, and although large
/O elements b««kle the banker*
rather hate to say good-bye, myself
ously important things to com*.
themselves are required In order to
lotted for the teat was eaaily used. stands were frozen out Just winter |
Sometimes I almost think the Kng-
world i* a
give the nation universally the type of The garden of th*
The questions wore h i fit to Itei’d dairyman are planning to plant the
liati word "good bye” is not so well
paradise of miiac'e* that only tho«*
banking It should have, Krsncle H. Sis­
College where they will be correct­ usual acreage again this year, if
cho—n as the French Word for part
who are trained to look carefully
son, president of the American Bank­
ed and tho team atanding highest not more. Though kale is usually
lug For some reason or other, our
may ever recognize. In every tuxy
set out a« plants in June, Uounty
ers Association, declared in • recent
In the state wll be announced.
expression, good-bye, has a hopeless
seed la the eternal glory of creation,
address. He said that the efficiency of
— Douglas Taylor Agent Beck is recommending two
meaning. It means good-bye
for­
in every bloesoon tha promise of
plantings this year,
one
earlier
government offlclnls upon whom the
ever There Is some tiling suggestive
people rely to supervise the banks
greeter
possibilities, of which the
than
usual
so
as
to
have
some
com­
BEAVER CHIPS
ol U«ti>. It is sad. Rut let's see
properly, and tbe patronage of the
fruit la tha
perfect fullfillment.
ing on early in the fall before the
By
“
The
Snoop”
whnl the French say: "Au llevoir'
Ajiso qonjj Apv.u vj doxj uejaSeJ
people themselves are factors In the
Someone has written "A poppy seed
Hid you notice
<»w musical it
kind of bank* a community shall have.
—it lie* in the hand, a grain o f
'nils week's column, my friends, plantings will be made the latter j
sounded? And it means “ until we
dust,
motion1«**, unlovely, dead.
"T h e re can be no question that the
la devoted entirely to the H«mur part of May.
see each other again.” It connotes
people of the United State* should hav*
Yet think what it holds! Qhe cool
Glass (does lucky
jmoples)—Give
Poison Used In Pest Hunts
grey-green o f upward
springing
banka immune from fallur* and wholly
joy and hojia -always, until we
thorn all a big »end off. We don't
Roseburg -Squirrel poisoning cam-
free from bad or questlonabls banking," stalk* «nd leaves; the compact calyx
meet again.”
wish them any hnd luck, hut we paigin have been combined
with
Mr. Slsoon said. "I t i* not enough, as Studded with its hundreds of
pro­
die our reaction whatever it may, certainly' hope to see them back
through
President Roosevelt has said, that
tecting hairs; and within, crumpled
it remaina * fact that the class of next year. P R. j haven't sjioken competitive pest hunts
Douglas county since methods of
while aome bankers had been Incompe­ like a baby’s hand, the exquisite,
11133 is today saying goodbye for­ to the teacher« «bout this.
tent or dishonest, this was not true In shining silk of
placing the jmison so as to later
gorgeous petals—
ever to a definite .period in our
Several Seniors, | won't men­ be able to find the dead squirrels
the vast majority of our banks. A sit­
sunset.roie,
feint,
misty
white,
lives. No .more will we meander
uation should ezlst In which there I* bold, magnificent scarlet— all this in
Branson,
through high school days together, tion names, but the llig Six thought was explained by J. F.
not
even
a
small
minority
of
hanker*
last Monday was Senior Hoy ami local representative of the biological
an «tom of dust.”
We have finished our course, and a
open to question. There shoald be no
they have been honored by a perm­ survey Bait stations are made with
definite go*l has been reached- l b .
So today we the class of 1933
anent seat in the assembley and a common prune or apple box or by , room for dishonesty or Incompetency
morrow wu part in our jiathwaya,
are pushing forward timidly like
to
exercise
any
influence
in
banking
pieces of
and gt> our »operate ways—some to the moral of this story, dear child­ nailing together three
the poppy seed
who feels tha
anywhere.
cunlinue their training in
other ren, ( Freshman I is don’t follow , fence boards. These arc placed a-
sunshine,
and
~ W V lie bad faith and bad manage­ warmth o f spring
these lads example,
|ong fenc«*» of infested nr<nn. Squir- j
institutions of higher learning, »mi
ment enter the human factor In all outgrows
its tiny shell, and >ike
rels
die
shortly
after
rating
th
e
;
IJoyd Wirtz leave« with the Sen­
some to lake thair places among
types of business, their effects In bank­ it we push upward towards a full­
ior». Now don’t break down
and . poison and most o f the bodies are
you as active members of society.
ing should be surrounded by such spe­ er expression o f our maturer selves
found near these stations so that
cry,
he
didn't.
Homer
!
mean.
So
cial safeguards as to render them no when we shall take a place among
We, as a class, wish to express
tails
or
scalps
may
be
taken.
longer a factor in bank failure*. T b * you as citizens o f tomarrow. Dur­
cur deep gratitude for the many long Woit* and— , you’ll find out
responsibility for bringing this about, ing all these years we have been
favors showered ujton us so far. i aome day.
Seniors we wish you every suc­
however, cannot rest upon th* banksrs
The community, through the Hoard
nurtured and cstred for careful1 y to
alone, for tbe means to accomplish It
of Kducatiun, has provided us with cess in life Knlors may everything
see that nothing we needed was
are not wholly In their hands. There
Niorsse everything nviy
the best possible facilities in the be yours
missing. Parents snd teachers have
are other essential elements.
way o f liuildihgs and physical equip­ be youra. Iorssen yours may be
been faithful gardners,
watching
"O
n
e
Is
tbe
efficiency
of
government
Who
was
that
stupid
man
I
just
ment; the teachers have labored everything. Evolution.
over us carefully, sparing no effort
supervision.
Since
we
rely
eo
greatly
Well, fgrewell, youae guys, and dan ed w ith?”
lung *nd faithfully to guide our
upon supervision, It may, unless H Is of to guard us from the rougher ele­
Mrs. Warren: ‘"That’s my hus­
courses to the best advantage; and may you think back and remember
the
highest order In safeguarding the ments, and giving us every nourish­
band
our imtenta, with all the true de- incidents dear to your hearts. Re.
public
Interest, create * sense of falae ing force necessary for cur best un-
Stranger: “ Oh, pardon me, that’s
entiona o f their natures, have pro­ member the day» you were A W -
security.
Supervision should render foldment. No effort o f Nature has
my
mistake.”
O
L
.
and
the
Big
Six.
Your’s
vided oppirtunity, often by great
bad banking impossible, but It has been spared to awaken each spark
Mr»
Warren:
“
No,
it’s
m
in
e.”
—
I)e
Snoop
I
sacrifices, fee us to attend school 1
foiled to do so.
There was super­ o f lifa in us to irtri vidual expres­
regularly. We only, hope that wr
vision by presumably the highest type sion, and to assist each of the vital
Chuck found Wirtz shaking a lit­
may be able in a small way to re­
of bank supervisors In every one o f the things within us to come forth and
tle rabbit and shouting. “Five and
Instances of questionable banking that manifest to the world the wonder­
pay all your sacrifices, all your I
five. What’s five and fiv e ? ”
M ire Crop Ixmns Offered
has shocked the attention of the coun­ ful rea'ity o f its being.
hopes. al| your ambitions for us by
“ What are you doing?” asked
try during the past three years. There­
ODRVALIJS— Oregon
farmers Ouick.
taking our places in life and filling
And now comes the springtime
fore a thorough strengthening of super­ of life’s eternal change. We hav*
' hem s i completely and unselfishly may obtain additional crop produc­
Wirtz: The biology says rabbits
vision Is clearly called tor If tbe people
•s yvm have done You have done tion loans to help finance summer multiply rapidly
outgrown the period o f dormant life
but this
dumb
are to rely on It to the fullest extent
your jiart well. It remains for us fallowing and fall seeding, accord­
within the tiny shell, and must push
bunny
can’t
even
add
"
for
the
protection
of
their
Interest*.
ing to word received by the Ore­
to prove our worth.
1 forward individual stalks o f vigor,
t Las so a les, it is you I wish to gon Extension Service. The limit ! Julius S: “ Would it lie wrong for
The Public’s Part
ous useful planthood that is to be
>a> a final word. Whst a big thought is 11.60 an acre or $300 total, ai d me to kiss your hand?”
"A n oth er essential factor In main­ our life’s expression.
the
borrower
must
ajrree
to
cut
j
June: "Well, it would be out of
it is, that from now on we have the
taining good banks Involves tbe port
It has been such a safe, snug,
played by tbe public In banking. There happy little season of growth to us
shaping of our own destinies in our acreage 30 per cent under 1031^ place.”
Is certainly a responsibility on the peo­ here in high school. Here we hav«
own hands. All thee« years uf our
ple them selves to support that type of grown close together, side by side,
student life, we have been on the
banker whose rigid adherence to sound
receiving end. Life has
showered
and felt ourselves very much akin.
principles make* a sound bank, rather
upon us it's beet gifts,
and wr
But, alas, the hour of transplanting
than to give their patronage to the easy
have merely soaked them up like
has come- Tomarrow each o f us will
going banker who may be easier to do
* sponge. It is true that we have
be changed to his own habitat, and
business with, but whose methods cre­
i Justly earned a portion of what we
will take roots in the soil in whidh
ate a weak bank.
have obtained through our own ef-
tastes and
poseibi'itiea
“ Bank customers ore charged with a his own
forts. It it also true that we are
assign
him. It
great responsibility In protecting th* must essentially
largely; because o f influences, often
safety of their banks In respect to their is here alone that he can produce
unseen.
Tomorrow,
however, we
utilization of the assets of the banks as fruit which is in this hour of trans­
step into a life that h“ s for it's
borrowers. Banks have failed because planting. when we are pushing for­
rule a law that is *i unchanging as
many of thetr loans and securities, cre­ ward the first tender shoots
into
the laws of the Modes and Persian*.
ated tn good faith by bankers In coop­ full sunshine snd air of Ufa's great­
This l»w was voiced by the master
erating with the business Interests of er expression, that we
give you
teacher of N'axarcth in the words:
the country, proved unsound under sub­ geeting.
sequent conditions. An unsound loan !s
"With whatsoever measure ye mete,
I am grateful for the honor con­
created by the borrower oa well os the
it shs!! lie messured
unto you
ferred upon me in being granted
banker. A bank Is only as sound as Its
ngenn.'' We stand today at this
the privilege o f bidding you welcome
community, and this applies also to tha
g«tcway of life's activities,
pre­
to these excercises. But, still, as I
banking
structure
as
a
whole
In
rela­
pared by all these years of careful
tion to the economic condition of the look around at your faces marked
painstaking
instruction for
the
by lines o f wisdom and wider ex­
nation as a whole.
struggle with that re«l vital exis.
"A bank is truly a semi-public insti­ perience than ours may be fo r years
to nee that awaits us on the outer
tution. but in a reciprocal sense— It has to come, I cannot but feel that the
aide We !e»ve signed a note to 1 1 fir
its obligations to the public, but so has words o f welcome should come from
that reads: “ For value received I
the public equal obligations to th* you instead. It is true
that you
promise to pay.” The world will at
bank. No one who has not sound bank­ have shown your interest by com­
once look ftar us to pay back into
ing principles at heart has any buslneas ing out here to listen indulgently
it's treasury the wealth of good
In a bank whether as a banker or as to all we have to say and do during
s customer.
things it has for so long been be.
this hour, yet it is we who are
"T h e banker Is a semi-public servant joining you in the larger sense; w*
stowing upon us. It will demand
He
Is
charged
with
the
heaviest
of
re­
our noblest revelations of character,
who are entering into your pur­
sponsibilities and obligations that occur
our highest attainments, our >most
suits and pleasures, «nd becoming
in our economic life. Bue he can meet
faithful, self-sectificing aervice.lt
one with you in the social and bus.
these fully only through th«: coopera
will never let us forget the cost of
centers that make up active
tlou of good laws, good public officials iness
life, the constant exjumse that must
depend upon the spirit with
who are empowered to exercise au­ will
be met, the unfailijm price that
success
thority over hit bank, nnd good busi­ life. And so much o f our
must lie paid for every gift—not in
cordiality with
ness methods on the part or business depends upon the
dollars ami cents, but in services,
men generally who utillte hie bank. which you receive us. and respond
in faithfulness to duty, in the u p
Jnly through such cooperation by all to our enthusiasm.
Then, is it not
lift of our neighbor— yea, sometimes
elements In our nation'! community life we who should ask from you th*
perbips,
in unavailing pain ami
an we be assured of a failureproof glad hand o f welcome? Thus while
heartache and tears.
mnklng structure.
we are tsuly grateful to you fo r
"T h e Administration at Washington coming out and helping make this
This may seem »t first glance a
ins taken hold of this problem w ith * hour one that we may long remem­
hard way to look at It On the con-
Inn grasp of essentials and Is exercla ber, we still feel that we must ask
traijy, however, it is an inspiring
ng splendid leadership toward the da-
< thaught! For life sets absolutely no
your forbearance and kindly sym­
dred end. The atrongeat feature of the
limits to the possibilities o f our at­
pathy, and are from each o f you
government program will be found In
as we step into yoilr midst « warm
tainment. We can make it just what
recognizing the Joint responsibility of
we desire. Life brings just what we
handshake and a cordial smile that
the public, of business and of govern-
are willing to pay to gain our de­
ment officials together with the bankers will assure us we are welcomed as
sire. We can have what we will, for
themselves In creating the kind of we indeed welcome you today.
B ----------------— -------------------- g
life itself will not say nay! when
•anklng the nation should have."
i we come with the desired fee in our
LOCAL NEWS
hands, not as a beggar, but as a
Improved Pasture Pays
jvurchaser who knows what he wants
Mr. and Mrs. A. H. Barron are
and considers it worth the price
the parents o f a little girl born on
'.IPROVED pastures are a cheap Wednesday, May 7.
demanded.
1 source of feed lor ilock. A farmer
So. classmates, let us walk forth
Milton Boring returned last week
n New Hampshire, cooperating with
through the gateway today, bravely,
ile county agent top-dressed his 6 from h>9 school at Union, Oregon
with full realization of all that will
teres of pasture with 500 pounds of for the summer He will teach there
be expected of us, and a knowledge
omplete fertiliser at * cost of $75. re- again in the fall.
of our ability to meet every Ye.
>oris the United statee Department
Miss Rhoda
Shellenberger
re.
i quirement. Hien it is that we can
f Agriculture After 4 weeks he turned
turned from BoaYdman on Friday,
cheerfully saj’ to high school days:
Is cows out on this pasture. Tests
where she has been teaching school
“ Good-bye forever!” But to each
irde during the six weeks the cows
tha pas* two year*.
rased there showed that his herd pro- • ^
other, and tm you, my .friends, w e ;
------------------------ B
luced 7,000 pounds more milk than
say like the FYeruh "Au Revoir.”
r
a----------------------------- «
I ON OREGON FARMS I !
a--------------------------------------a ;
Crater Lake in Winter
I Real Estate Transfers I
Mrs. Elizabeth McGowan
was
taken to the Kmanuel hospital on
Wednesday where she will undergo
treatment for awhile.
Hie membeYs o f
class o f the local
their year’s work
Jantzen Beach op
the eighth grade
school, concluded
with a picnic at
Saturday.
rhntoa (illmi.re Oil Company
Caravans from M edford nnd K lam ath F alls recently found Crater laka
cloaked In twenty feet of snow when park roads were opened to the public.
(T o .i) Part o f the caravan crowd atop the deep snow at the Rim. (C en ter)
The lake through a fram e of snow-laden trees. (B o tto m ) T he Gilm ore pilot
car of the caravan waits to lead the procession to the lake as E. C. Solinsk y,
pork Miperintr ndont, welcomes W. S. B olger, president of the M edford
cham ber o f c mmereo, while \V. G. Steele, U. S. com m issioner of parks,
prepar a to low er the barrier rope.
ney did In the same period the pr*- i
. lous year, although the farmer bad * --------------------------------------------------------------- ■
J. W Connell (Sheriff) to Flora
' 0 * cow fewer snd fed 300 pounds leas
Baker, Part Sec. 2, T2S R3W.
;ratn. Based on current milk prices
Patrick Early to J. J. Wismer,
i* made $139 on th* extra milk and
Isiah Kelsey, DLC 41
-aved l i t on th* grain, netting him 2.55 acres
m Increase In Income of $110.— U. 8 T IN R2W.
Alex Coutts et al to Cheater R.
Department of Agriculture.
Stipe. NW
o f lots 7 and
8, and
part 6, CV> veil's Add. Beaverton.