Sherman County journal., July 13, 1934, Page 4, Image 4

vau
row
PUBLIC OPINION
ANO THE RANKS
By F. N. SHEPHERD
Executive M conger Aicaricerit
Banker r Anaciatian •
banking today appear» in
W HILE
a wholly distorted light In the
more reasoning
eyes of some, the
element« In
our population
undoubtedly
have a less
jaundiced view
than would ap­
pear from cer­
tain irrespon­
sible orators,
often posing
as spokesmen
for that indefl
nite quantity
called “the
mass" of our
SHEPHERD
people.
octal acts on the part of
:ers formerly have been
some .
the subj . : nF spectacular expos-
:y without reeerva-
ures, but
lion that they vere In no way typ
leal of the acts and attitudes of the
vast majority of their fellow bank
< rs. The public mind was shocked
Into the belief that these untypical
instances were far more representa­
tive than they really were, and this
belief has been encouraged by polit­
ical and demagogic elements.
The bankers who are in charge of
our banks today represent men who
withstood the temptations and
avoided the economic pitfalls of the
great boom. If they had not they
would not be there, or their banks
would not have been able to sur­
vive the rack and ruin of the eco­
nomic hurricane by which even
many banks and bankers, whose
conduct was above reproach, have
been destroyed The other types of
bankers, those that fell below the
high standard« of professional eth­
ics and business prudence that char
acterlied those that remain, have
passed out of the picture. But they
have left for those that remain a
difficult heritage of suspicion.
How irrational this is, when we
reflect that not more than three or
four per cent of our entire popula­
tion suffered personal loss because
of what any banker did or neglected
to do. whereas literally millions of
bank depositors did not lose a single
cent as a result of banking diffl
cultles and really owe a vote of con
fldence and thanks to tbelr own
bankers who werq true to the high
est conceptions of Ihelr stewardship
and brought their Institutions and
their customers safely through the
greatest business disaster the world
has ever seen. It has been a peculiar
feature of the psychological distor­
tion of the times that many who
owe nothing but gratitude to their
bankers joined in blaming the
banker far out of proportion with
rational consideration of the facts.
EXAMINATIONS FOR
TRUST INSTITUTIONS
New Move by Federal Bank­
ing Authorities Welcomed
by
Banks
and
Trust
Companies, Says Bank-
of trust
* departments Is the latest de­
velopment in banking supervision
and trust companies and banks op­
erating trust departments are wel­
coming this development because It
fills a long felt want, it is stated by
the Trust Division of the American
Bankers Association.
Despite the growing Importance
of American trust business In re­
cent years examining officials have
never given to trust departments
the attention paid to commercial
banking departments, this author­
ity points out. Now the Federal Re­
serve System, In conjunction with
the Comptroller of the Currency,
has undertaken to bring the exam­
ination of truFt departments up to
the level of commercial bank ex­
aminations, It says.
Experts In trust work are being
employed by the various Federal
Reserve Banks These experts will
head the speda! staffs of trust ex
amlner« In the twelve Federal Re
serve Districts Special staffs are
already at work In some of the Re
serve Districts, Including Boston,
Atlanta. Richmond and Chicago.
The Federal Reserve will examine
the trust departments of state-char­
tered members of the System.
Uniform Supervision
Meanwhile, the Comptroller of
the Currency has built up over the
past two years a staff of special ex-
aminers for th« trust departments
of national banks. All national
banks are members of the Federal
Reserve System. Since nearly al!
state - charter? J trust institutions
r-« members the new plan will bring
Lj„jt w'
to Federal ex­
amination fur tht ir-si business
State examining authorities prob­
ably will follow Federal supervis­
ory policies tc a considerable ex­
tent. Hence, coordination of the
procedure of the national banking
ayatem and the Federal Reserve
System la expected to result la a
uniform system of examinations for
truat departments in all banka. This
in turn abouid produce considerable
standardization in the operation of
tract departments.
TM 8SWUÍAN COUNTY JOURNAL, MORO. OKKOON,
-
f Wheat Market
Remains
Unchanged For Week
'ntjfLqf Sherman, on the 4tH day
San Francisco^ New County Jail Is a Model
U. S. WHEAT CROP
(Continued from page one)
have L'ea-rd that thj oom crop,
although sown late, is expected
to make enough feed for stock
Northern parts of the drouth ar­
ea will not be so fort mate.
of July, 18J4, pursuant to a de­
cree entered in said Court, July
5th, 1834, in a suit
wherin The
Oregon- Washington Jo.!nt Stock
Land Bank of Portland. Oregon,
is plaintiff, and
Janiee Harvey
Ferrell and County of Sherman,
n. Municipal
Corporation, .of the
State of Oregon, are defendants,
said wri'.t being dinected to me
commanding me to make sale of
the real property herinafter des­
cribed, I will on Saturday, the
11th day of
August,
1934, at
10:00 o'clock am., at the front
door of the Court House of Sher­
man County, in the City of Moro,
State of Oregon,
offer for side
and proceed to sell to the high­
est bidder for ’ cash in hand the
following described real prop-rty,
situate in Sherman County, State
of Oregon, to-wit:
The general wheat mAiket sit­
uation was not materially chan­
ged during the week, but appear­
ed considerably firmer than at
MAY EXPENSE ACCOUNT
the 'beginning of the new rrco
season a year ago. Outturns in
Board of Directors' Meetings
practically all important produc­
FJer Diem ....................... |7.50
ing areas were reported well unck r
Mileage ....................................... 2.70
those of lart season and prelim­
Subalstenèe ........................................ 50
K H O fl II H H It II
inary forecasts suggest a world
Allotment Committee Meetings
crop about 7 percent under Ihht
Per Diem . ....... ................. 12.00
of 1933-34-
Widespread drouth
Mileage ........................................ 8.40
has been reflected in an early no­
Subsistence ...............
2.00
rthern hemisphere »harvest, from
Printing ........................................ 17.20
Miscellaneous ................ .... 3S.78
or.«e to three weeks ahead of nor­
WW $
TOTAL ...................... $86.08
ma! Early reports suggest con­
siderable light weight grain, that
JUNE EXPENSE ACCOUNT
will give added significance to the
Southeast
Quarter of the
short crop. World wheat stocks
Board of Directors’ Meetings
Northwest Quarter (SE% of
are still large with preliminary
Per Dierh ................................ $9.00
NW %) and East Half of the
estimates for Eurpean deficit ar­
Mileage ........................................ 2.70
Sou/theast Quarter (El/^ of
eas indicating a carryover alround
Allotment Committee Meetings
SE^)
of Sectloq Seven (7)
¿00,000,000 bulHJs above last
Per <Diem ............................. . * 4 8.00
and the
West Half of the
■
year. Surplus stocks in export­
Mileage .......... ? .................... 61.15
ing countries are somewhat be- |
Subsistence ............................. . 8.95 ' Northeast Quartér (Wl/g of
The new county jail of San Francisco, Calif., held to be a model penal institution, has Just been com­
NE)4) 'and the West Half
low those of last season and, pleted.
It Is about fourteen miles from the city, on Sneath Ridge, has its own water and'■fewer systems Field Survey
of the , Southwest
Quarter
stocks on ocean passage are only and cost $700,000.
Per Diem . ........................ 3504.60
(W^4 of 8W*4) of Section
slightly above the unusually H-!
Mileage .................................. 450.50
Eight (8), Township One(l)
ght stocks of a year ago.
Subsistence ............................... 7.75
North, Range Nineteen (19)
World trade in wheat, which $V41 per bushel on wheat im-1 _______________________ _________________________ ____________ Office Help ................................ 29.00
East of Willamette- Meridian,
Typewriter
.....................................
38.33
Italy has d langed milling | --
■
•
during the past year dropped to
and
that certain pjece or par­
Miscellaneous
.....................
53.79
the lowest Ipvel of the post-war regulations to include 70 percent;
cel lying and being in said
~
'
'
• ’ '
TOTAL
¡$4,208,77
years through' the effective op­ of wheat held by government or-1
section, Township and Rango
•We certify 'that the (expenses
eration of high tariffs a nd trade ganizations in c.rtaimi northern
and more
particularly des­
Tue-fday
The
membership
con
Rodney
Keating
of
Potilana
was
of
this
association
as
outlined
regulations, continues unC r the . provinces and 40 percent in other
cribed as follows: Beginning
sists
of
twen.ty
five,
new
members
above,
are
properly
incurred,
a
guest
at
thia
Lloyd
Hennagtnis
provinces.
Some
progress
has
oc-
influence of these factol's- World
at a point , 80 rods East of
being welcomed.
that the services indicated have
shipments curing recent weeks, curred curing the past season, Wednesday night
;
the
Northwest corner of the
actually
been
renderd
In
the
busi-
however, have exceeded those of however, in relaxation of restric- jameg Laid?aw of Salem, with • The discussion was about the
—
Sou-thwcht
Quarter* of sa|d
oess
of
the
association
and
(or)
tive measures through recipro-
the corresponding period last year
famjiy are visiting here with library festival to be held in the
ijection
Eight
(8), Township
the
articles
shown
have
actually
cal
trade
agreements.
but restrictive measures continue
P rank Morrow.
fall..
Ono
(1)
North,
Range Nine-
been
received
and
are
in
use
by
to limit tradd Germany has es­
te^n (19) East of thd Wil­
Mr and Mrs- A. C- Weisenflush the association.. We certify that
Did you give our daughter that 'R- J. Gow and fauil'y have mov-
tablished a govemmeri. monopTy
the foregoing
a tern | nt is cor­
lamette
Meridian,
thence
for all trade in wheat and flour. copy of “What Every Girl Should ed to Wasco recently from Port- of Portland were week end vis­ rect
and that the prices charged |
lend'-
East
70
rods;
thence
South
Know
’
?
asked
Dad-
itors
at
the
Robert
Evens
home
France with heavy wheat stocks
are
reasonable,
that
the
entire
1G0
rods;
thence
West
70
“
Yes
”
,
replied
Mtotoiatr
despon-
ha-i recently lower>a the extrac­
Mrs- J- H
Jcf'irson went to
Mynon Haise, p:loprietor of the
tion percentage in flour milling <Llntly. “and she’s wnuten a let- Portland this week with her Wasco aairy, expects to move into bill is correct and just and that i rods; thence North 160 rods
payment has not been received.
to the
place of
beginning,
and has provided an expoit boun-
the author suggesting a daughter Mrs- Mae Michels. She tihe Woods hou3« shortly-
J.
L.
Davis,
President
containing
all
told
350 acres
ty of $1 62 per Bushel on wheat couple of dozen corrections and expects to remain several weeks
Perry N. Johnston, Secretary
Mi s Joy White is a visitor of
more or less
exports up to 3,800.000 bushels, ( the addition of two new chapters”
-------------------
• An additional five acres of gr- Mrs- Archie Gore (Elma Huston)
to satisfy the sum of Four Thou-
but retains a minimum tariff of ।
I Try Journal advertising, it pays, am was burned on the Dav Reia' at Kelso.
.sand
Six Hundred Seventy-Two
ranch this week
House guests- of the Jiargenholts IN THE CIRCUIT COURT OF and G6-100 DoJ'ars ($4,672166)
THE STATE OF OREGON
with interest thereon at the rate
Ross Guilfoird and family are were Mr. and Mrs- H- Peters of
THE
COUNTY
OF
SHERMAN
Grass
Valley
and
Mr-
and
Mrs
of six per cent (6) per annum,
they
homa from California whe.e
Will Smith and daughter from the THE OREGON - WASHINGTON from the 5th‘ day of July, 19 34:
visited their daughter.
Da’.les on Thursday-
further sum of
Uno
JOINT STOCK LAND BANK of and the
Miss Margaret McKee and Re-
Thousand Two Hundred Eighty-
Portland,
Oregon,
a
corporation.
Louis Scholl and €| urlie Fields
tha Burres a'e visiting at Seaside
Plaintiff, Two and 03-100 Dollars($ 1.282.03)
Mr?k E- O. McCoy of The Dalles returned Saturday from a fishing
with Interest thereon at th<e rate
versus
was a guest of her sister, Jes' lia trip on the Deschutes river near
of eight per cent (8) per annum
A fair catch was JAMES HARVEY FERRELL and
tur'nel No.
A-mos, on Saturday.
from the 5th day of July,1934;
reported-
COUNTY of SHERMAN, a mun­ and the further sum of $500.00
Mi1, Marie Andrews of Wasco
Mr. and Mrs- Stanley ano Mr. icipal Corporation of the State of attorney’s fees: together with the
sailed from San F ancisco for
Defendants, costs of said suit tax-'fl at $10.40,
and
and Mrs- Yocum enjoyed a Oregon,
New York via- the Panama Carial
NOTJICE OF SHERIFF’S SALE and tho costs of and upon said
picnic
outing
at
Ixmt
lake
Sunday.
She will be gone until August 15.
By virtue of the writ of exe­ writ.
Mir. and M t ?. Wade Hull anc
Mrs- Hailey had as a gue?t this son were guests of her parents. G- cution and order of sale duly is­
Hugh Chrisman
week her father who lives in Port T Andrews on the 4th of Julp. sued out of the Circuit Court of
Sheriff of Sherman County,
&
the State of Oregon for the Cou- [
lanG."
State of Oregon
Gen? Gosson who has been vis
Mr- and Mrs- Afton McIntyre are i?intg with his grandmo l *?r Mrs.
the parents of a son bom at the Kuhnhausen for five weeks retur­
hospital in The Dalles July 9th ned home Sunday
Merrit Tuel
in A Portlamld
Mr ano Mrs. G D Remple arid
hospital taking treatments to build
Mrs.
A. Witlass from The Dal­
up his strength in preparation for
les
were
visitors at Rev. Warmers
an operation whidhi he will under­
Sunday
school
class on Sunday at
go before he returns
the Methodist church The class
The garden club met at the ^nas studied the life of Jesus for
Retailers of
home of lM|r« Free Fortner on the past year.
[yeWS from tile WaSCO UOmmUHlty
Three of Our “Most Beautiful Women”
R. HL McKean]
Mrs. B. E. Hailey, AsstMgr. i
1
■V
CjWWtl MIUI
Three of the ten women recently designated by artists as the “most
beautiful women In America" met in Hollywood not long ago. I^ft to
right: Mrs. A. Compton Blllcke, Los Angeles society woman; Norma
Shearer, brilliant star of the motion pictures; and Dolores Del Rio, fiery
Mexican screen luminary. Miss Shearer played hostess to the two other
beauties.
Crown Mills FLOUR
J
37 Years Of Progress
In Diesel Motor Power
GRAIN, FEED, INSURANCE
Mitchel, Lewis & Staver Co.
Farm Implements
Caterpillar First To Utilize
Diesel Principal For Tractor Power
HbWAY/WêlEALTH
U
Oil
-.Rr . 1AVNE
DAIRY COUNCIL
Since 1897 when the Dieael en­
gine was first perfected by Dr
Rudolf Diesel, continued develop­
ments have been made in Diesel
Construction. Such tremendous ad-
Attorneys At Law
vanoes have been made in the
construction of Dr- Diesel p first
Moro, Oregon
machine that today a large part
of our commercial power is dev-
eloped by diesel engines.
The development of the Diesel
When Your Shoes need repan engine
for tractor use is new—
send them to
a tremendous forward step in
tractor development. Although the
aiesel type power has long been
used for marine and stationary
REPAIRING
GOOD SHOE
engines, engineers devoted many
1 HE h?l IK* years in devising ways of pres­
d
enting the advantage?, combined
with cheap fuel and low opera­
ting cost of the Diesel, to the
tractor-
Wasco
Oregon
UPDEGRAFF & PEPPER
Not only does milk play a leaxL fuis of whipped cream
Lemon Cream Custard
ing role in the summer menu as
1 egg white
1-4 cup flour
a refreshing drink but also as the
T 1-3 cup milk
3-4 cup sugar
basis for many delectable sum­
1 whole egg 1 tsp. lemon rind
mer desserts. It is ponsible to
3 egg yolks 1-3 cup lemon ju
get much of the protective ele-
Mix the flour and sugar in the
menta in the day’s diet through
desserts by using combination« of top of a double boiler- Add tihie
milk, fruits and eggs-
| I whole egg,
__ and tlhe egg yolks,
Ice cream of course heads the »nd
and heat
beat uneil well blended Add
li«t of favorite milk (tewerts- lemon juice and rind Heat the
It is a good buy too, because of milk thoroughly, but do not let
its high nutritive quality and be­ it boil. Stir it into the flour-su­
cause of the infinite number of gar-egg-lemon mixture slowly, in
FAPMLP'-
attractive ways it can be drea- oruer to prevent lumping Cook
sed up during fresh fruit season. in double boiler for 15 minutes
Desserts with a custard foun­ Stin constantly until it thickens,
dation are always popular. Made then cover -
wiJh milk and eggs ana combin-! Beat the egg white until stiff
Do NOT put off
ed with eolorful fresh i>r can­ Pour a few tabi espoonsful of the
Insuring
truck or car
ned fruits, custarus can be tran- hJt mixture over it, and beet un-
afonned into great variety of ap- til well mixed. Then pour the egg
J white mixture slowly into the hot See Geo. B. Moon
petizing combination«
Agent
Some whole family dcriserta ■ filling, stirring the latter vigor­ Wasco, Ore
ously during the addition. Cook
made with milk are:
' for about two minutes longer.
Coffee Froth
1-2 cup sugar Remove from the stove, beat un­
2 <ggs
til smooth, and pour into cusitard
3-4 cup scalded milk
cup«. Cover with a meringue of
Pinch of salt
3-4 cup hot coffee
two egg whites and two tbsp 8U-
RED 4 WHITE STORE
1 tbsp. corn starch
g»r. Brown in a slow oven.
Apricot Islands
1 thsp cold water
1-2 cup whipping cream
3 cups soft custard
Groceries-Meats -Fresh
1 can apricots
Beat egg yolks with sugar Ado
Fruits and Vegetables in
1 cup whipped cream
• scalded milk and coffee ifowfy,
6 tsp shreeded cocoanut
l>eating steadily. Add cornstarch
Season.
Pour custard into deep sher­
which has been mixed with cold
Top each with 3
wat»r- Cook in double boiler un­ bet glaives
til mixture coafis spoon
Piace apricots . Fill centers with whip-
Your Patronage Solicited
in parfait or sherbet glasso» Af­ pea cream and sprinkle with co-
ter it is cold top it with spoon- soanut Chill.
Truck insurance
WASCO MARKET
Snow Maid Flour
MilFFeed of all
Kinds
$6.25
per bbl.
Chick Feeds
&
High Grade Family
Patent Flour
Egg Mash
Blazing the Trail
“Caterpillar” engineers ha<. a
real understanding of the Diesel '
engine’s abilities and of tractor i
requirements Starting wijh the j
“Caterpillar” gasoline tractor, I
which was a proven success, they
have made steady advances in
the design of Diesel tractors. To-
day, the Diesel-powered “Cater-,
pillar” is standard equipment.
It is fbtxnd on thousands of
farms throughout the world- It
is standard' because it has pro­
ven the most practical power at
the lowest operating cost- A com­
plete line of “Caterpillar” Diesel
tractors are on display locally at
Che loggers and Contractors
Machinery* Company at 617 East
Second Street, The Dalles, Oregon
Visitors are urged to see these
machines and hear a detailed ex­
planation of their construction.
Ac.v.
Now is thetimeto think
of GRAIN INSURANCE
YES —We Buy Wheat
DEAL with YOUR LOCAL
Sherman Cooperative Grain Growers
WASCO. OREGON
\