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