Image provided by: Sherman County Historical Museum; Moro, OR
About Sherman County journal. (Moro, Or.) 1931-current | View Entire Issue (Aug. 18, 1933)
FAQS 4 THE P* A BANK REFLECTS ' THE LIFE ABOUT IT THE PRICE OF > BUSINESS SPEED Loans and Investments on Which Condition of a Bank CHICAGO, Ill.—Many appear to think that failures occur only to banks, but the complete story of business shjws that failures of American banks have followed the failure of business OLITICAL and popular misappro- enterprises, and have not been a cause henslons toward banking are due to of thosa failures. Dr. Harold Stonier, little else than failure to realize that National Educational Director of the Kis what the people themselves do that American Bankers Association, de the condition of ba.iking reflect, and clared in a recent address here before that banking cannot of itself reflect tbe American Institute of Banking. events and condition? other than those “It Is true that wt have had more that actually originate from s.. .-"«rnd. failures in our banks than in the banks ing circumstances. Francis H Sisson. of a number of other countries,” he President of the American Bankers As said. “It is also true that we have had sociation. says in aa articl • In Fornm more failures in drug stores, grocery Magazine. stores, railroads, aud in every other titution's type of business enterprize. At the The character of an notes and investmen. I iiicates same time, it must be said that we still whether it is In tha farm r. ' n«. a have left after all our failures, more manufacturing center, a me. drug stores, more grocery stores, more neighborhood or a great financial d railroads, and mor# banks than any trict. he says, and furthermore, besides oilier country.*’ identifying the institution as to Its People do not realize, he said, that locality, a study of its notes will equal we have In excess of 108 banks which ly clearly Indicate tbe economic condi have been In existence over a century tions surrounding It. and we have more than 2,000 hanks “If a farm district bank’s note his which have been if existence over 60 tory shows that its loans rise and fall years. with the normal cycle of production “In other words, we have more banks and marketing of the products of the over 100 years of age than any other regiop, it may be taken as an Judex of , country—we have *uors banks over 60 economic good health for the locality, years of age than any country in the be says. “But if. over a period, the loan world.’’ he declared. “The -American volume shows a dwindling trend It may banking system has not fa’len down— mean a region that is losing ground.— it Is not in danger of deca’’. Such fail becoming exhausted or being robbed of ures as It bas experienced are dye to business by another community. Or If the price we pay for too ranld develop a large proportion of the loans are not ment of business enterprises, but that jiaid at maturity but are chronically re Is the American spirit.” newed. or If stocks or bonds or real estate have to bo taken as additional security, these too have economic sig CONSUMERS’ COUNSEL niflcances. reflecting perhaps crop fall tires, over-production or inefficient, high ccst farming lasthods In a highly competitive national or world market, such as wheat. Ir svltably all these facts are reflected hi the condition of the local hanks. P COUNTY 3QUBN 4L, *10*0, ORAiON, ÏC^BAITH • à Banking Institute Speaker Says That Bank Failures Followed Business Failures Depends Determined by tha Kind of Business Surrounding It SHERM AN Ay ADA ft. M AYME orecg ^^ dairy council MAIN DISH SALADS . | One dozen stuffed olives Thia is the season for chilled French dressing dishes and on very warm days it is Three hard cook, egg» permis sable to make, exceptions to whipping cream the usual routine of menu planning Three-fourths cup mayonnaise and to serve the protein or main dish [ Prepare the chicken as for roasting in the form of a salad- To most of wrap in severe! folds of doth u., . saUd conaiata usually of freah I choppod vecetables preferably p«n frm bn>tK vegetables, plus a dressing made es- cool in the doth Boiling the chick- pcially for it. Fresh fruits served - - . en in cloth makes the dark meat pl- with a generous portfbn of ensp wW lettuce are also suitable salad en- When cold remove chicken from bone gradients. in as large peices as possible, ft«- But on the very warm days excep move skin and cut the meat into tions are made, and meat, eggs and half inch cubes with sharp scissors. cheeses of all kinds may m parade to , Combine the chicken cubes with Ihr the table as salacs ° a.- v cucumber and celery then add just thia type of salad, carrot »treks. drMling u moUUn celery or sliced tomatoes are served and place in the refrigerator tQ along with a pitcher of cold milk or chill- When ready to serve, add the a tempting milk shake for every halved olives and the sliced egg«. one- Toss together lightly and place on Instead of fried chicken for your lettuce leaves. Top with mayonnaise Sunday dinner, try this delicious dressing into which has been folded chicken salad. It will be much cool the phipping cream. er both for the cook and the family. Cottage Cheese Loaf Chicken Salad One and one-half cups cottage cheese One boiled chicken Four olives chopped fine One cqp, diced cucumber One tablespoon green pepper chopped Three stalks crisp tender celery City Banks, Too “If the loans of a bank in a manufac turing or merchandising field show a smoothly running coordination with production and distribution they, too, mirror a healthy economic situation. Or there may be here also signs that reflect growing unfavorable conditions, such as excessive loan -renewals, over- enthusiasm and therefore over-expan sion of credit extended to makers or dealers In particular products, and slm liar circumstances. Similar conditions apply to banks engaged In financing the activities of tbe securities markets “The foregoing is merely suggestive of the infinite aspects of the life out wordly surrounding the banks which form and control their internal condi tions. Although these facts seom obvi ous enough, the discussions and critf- ' cisnis that have raged about the banks often appear to set them apart as some how separate from tbe lives of ous peo ple, casting forth a malignant influ ence upon agriculture. Industry and trade from forces generated wholly within themselves. “The truth of the matter is that the fate of the banks Is inseparably Inter woven with the fate of the rest of tbe people and of the nation. What hap pened to the country happened to the banks and what happened to the banks is in no way different or detached from what happened to the people. They are all part of the same pattern, of the same continuous stream of events. No one element In that stream can be called the cause of business depression. ’ ll the banks caused trouble to some of our people it was because they were irresistibly forced to pass on trouble« that came to them from other people. These troubles Impaired the values of their aecurltles and customers’ notes— and rendered some unable, in turn, to pay back to other customers ttelr de posits that had been properly used to create these loans and Investments. Unless these truths are kept continual ly in mind there is no surh thing as approaching an. understanding of the banking problem or of properly safe guarding tbe very heavy stake of the public in that problem.” The Bank as a Rebuilder N place of a 3 per cent loss on an in I York vestment of $40 000 a large New aavings bank is now getting C per cent profit on an Investment of SSO.SOO, because It had the good bust- aess Judgment to spend $40,000 in mod ernizing a group of 40-year-old tene ment houses on the lower Ea*t Side which it was forced to take over on mortgage foreclosure, says an article in the American Bankers Association Journal A year or two ago the owner, who had always kept up his mortgage payments, began to neglect tbe prop erly, it became run down and tbe ten ants to lear- Tiie bank iw4*cuskl the completely, putting in an oii-buxuiu), beating plant. Incinerator« and other modern changes, with the result the buildings are now entirely rented, and Ybere is $14,000 a year coming in In stead of several thousand going out. Al that rate the Improvements will pay for themselves in three years. Thia same bank has done 1* other renovation jobs similar to this, and all have proved profitable. The bank has ita own architecta and la employing seven painters who are kept busy coo- tlnuoualy. In Cool Night Air Wasco Platform SAT., AUG. 19th Ray’s Rambler«--Goldendale Adm. 40 c Annual Harvest BALL New Perkins Hotel c Sth and W«»hin«ton StrMta Portland. Ora. A f «iki M. NELSON, Owner ARTRUDEEN, Meager Dr. Frederic C. Howe, scholar and banker, has been appointed “consum ers’ counsel’’ of the Department of Ag riculture. His job will be to wage n nation wide war on unfair food prices. He comes from Cleveland and received his academic degrees from Allegheny college and a Ph. D. from Johns Hop kins university, later studying at Ox ford sind In Germany and in law schools of Maryland and New York Friday, August 18. 1983 9 fine one-half tap Worcestershire sauce Four tbsp creamed butter One pimento chopped fine Two sprigs parsley chopped fine One-half teaspoon paprika Four tablespoons butter One cup cottage cheese |MJ|x oottago cheese wfrth o^vea, green peppers, pimento, parsley, pap- t4ka, batter and Worcester Sauce- Shape in a roll 2 inches in diameter, place on a small platter and chill. Decorate with 4 tablespoons cheese mixed with 2 tablespoons butter and chill again. Garnish with water cress or lettuce . the athletic c^acheg >re paid. . 44Are you going to that lecture on the heart, the lungsf ths liver, the kidneys and the gall bladder T" -No, I’ta tired of those organ re citals.” UPDEGRAFF & PEPPER Attorneys At Law Oregon Moro Mistress—Bridget, it seems to ma that the crankiest women get the best cooks- Bridget— Ah. go on wid yer blar ney! • • ZELL’S FUNERAL HOME ------ AND----- AMBULANCE SERVICE Iced Chocolate V Two tbsp cocoa Three tbsp honey , One cup milk When Your Shoes need Few grains salt Heat milk to boiling point- Mix Repair, send them to cocoa and honey and add to hot ' milk. Stir well and add salt. Pour into iced tea glasses filled with GOOD SHOE REPAIRING cracked ice and top with whipped THE DALLES cream. This makes two servings. 204 Second St. Phone 345 The Dalles, Ore GRASS VALLEY PHARMACY -----or — Whooe 222 WERNMARK« WASCO MARKET RÍO 4 WHITE STORE Mitch—What salaries Adams—Their salaries college do are not NOTICE OF SHERIFF’S SALE OF REAL PROPERTY On the l«th ~ day of September. 1938. at the hour of ten o’clock a. m- at the front door of the Court I House in Moro, Sherman County. I Oregon, I will sell at auction to the I highest bidder for cash the following I described real property located in Gherman County, Oregon to-wit; The Northeast Quarter of Sec tion Seven, and the Southeast Quarter of Section Five, in I Township One North, Range Nineteen. East of the Willam ette Meridian- « . Said sale is made under execution issued out of the Circuit Court of | the State of Oregon for the County of Sherman to me directed in the case of The State Land Board of the State of Oregon, plaintiff,, vs. Her man Happold. a single man! Harvey Ferrell, also known as James Harvey Ferrell, a aingle man; Alma Bar nette Fridley, and Sherman County, a political subdivision of the State of Oregon, defendants. First published August 18th, -933- HUGH CHRISÄAN of Sherman County. Oregon, Sheriff Last publication September 8th, 1933. Dr. F. A. Perkins 30:^E Second St The Dalles, Oregon Fruits and Vegetables in Season. PHONE 211 W OPTOMETRIST-OPTICIAN More People Ride on GOOD YEARS- ^UY-GOODYEARS STAND THE "QA-W In hot days when heavy loads test every inch of a tire GOODYEARS go through to the end of the job Heavy loads of wheat, rough roads, rock or dusty fields—no matter what the conditions—GOODYEAR TIRES do their stuff Sherman Garagc&Machine Shop Wasco F. L. Morrow RATES: Room with Bath. *2.00 and $1 50 Without Bath, $1.50 and $1-00 Permanent rate« as low as $12.50 per month. A A A—Fireproof—Insured free garage T The SHERMAN COUNTY JOURNAL Is Only $1.50 per year IT IS’ YOUR COUN IY PAPER WORKING FOR YOUR INTREST SUBSCRIBE NOTICE OF SHERIFF’S OF RAL PROEPERTY. SALE On the 26th day of August, J 933,1 at the hour of ten o’clock a. m- at I the front door of the Court House in I Moro, Sherman County, Oregon. 11 will sell at auction to the highest bid- I der for cash the following described real property located in Sherman I County, Oregon, to-wit: The Southeast Quarter of Sec tion One, and the Northeast Quarter of the Northeast Quar ter of Section Twelve; the North | west Quarter of Northeast Quar ter, and the South Half of the Northeast Quarter. and the Southeast Quarter of Section Twelve, all in Township Three, South of Range Seventeen, East of the Willamette Meridian. The North Half of the North west Quarter, and the Northwest Quarter of the Northeast Quar ter of Section Seven, the North- mt Quarter of the Northeast Quarter, and the South Half of I of the North Half, and the South west Quarter, the North Half of the Southeast Quarter, and the Southeast Quarter of the South east Quarter, all in Section Sev en, Township Three, South of Range Eighteen, East of the Willamette Meridian. The North Half of the South east Quarter, and the Southeast Quarter of the Southeast Quar ter, all in Section Seven. Town ship Three, South of Range Eighteen, East of the Willam ette Meridian, containing One Thousand and Eighty acres, more or less- Said sale is made under execution] issued out of the Circuit Court of the State of Oregon, for the County of Sherman to me directed in the case of Elizabeth McDonnell, plain tiff, vs- Albert P. O’Leary, a single man; Edythe G. O’Leary Hickey, formerly Edythe G- O’Leary, Admin istratrix of the estate of Alice M. O’Leary, deceased* Mollie V. Bice and A- F- Bice, wife and husband; Edythe G. Hickey, Formerly Edythe G- O’Leary, and Harry Hickey, wife and husband, defendants. First publication July 28, 1933- HUGH CHRISMAN _ Sheriff of Sherman County, Oregon. Last publication August 18th, 1983. ™? R. H. McKean * Mrs. B. E HÄJ, Asst Mgr. Retailers of t ™ I Í BESTMTENT* f — ‘ ^u.mtACHto ] f FLOUR « £ * ® " 'S : Í CROWN MIUS â Crown Mills FLOUR GRAIN, FEED. INSURANCE Mitchel, Lewis & Slaver Co Farm Implements Oregon Wasco 01475612 Because of Co-operative Endeavor See Us For------ L STOCK and 8MOKKD SALT COPPER CARBONATE FIRE INSURANCE BAGS and TWINE .. POULTRY FEED FEED ROLLING DAIRY FEED Wheat Bought— We provide a Market Every Day. Sherman Cooperative Grain Growers WASCO. OREGON
