Image provided by: Sherman County Historical Museum; Moro, OR
About Sherman County journal. (Moro, Or.) 1931-current | View Entire Issue (July 20, 1934)
THt «HMMÁN COUNTY JOURNAL, MORO. ORÉGON, FRIDAY, JULY 80, »34 I FASI FOUR 1 ’**-«*? Manifold Ways iri Which thé Batiks Are Serving the Nation ■ÉMM Sunday where she will visit with of July, 1934, pursuant to a de- Lná Personó in the Current News 1 HandEn” Millions of Transactions Daily for Individuals! Corporations and State and National Governments—The Structure Strengthened and Deserving of Public Faith COURT NEWS 1 The Banking Structure Strengthened The banking structure as it is to day has been greatly strengthened and the process of strengthening ■till goes on. Banking Is not a closed science. The banking system which we have had was not good enough, and I earnestly believe that an able and non partisan commission should be set op tQ make ■ study of our numerous banking laws to the end that a properly correlated banking system might be worked out and submitted to the next Congress. A good system would include rigid requirements as to management. In telligent and Impartial supervision and. I” due time, unification of super vision. Such a system, composed of banks adequately capitalized, cap ably managed and conscientiously supervised would eliminate any pos sibility of a recurrence of what has happened In the past four years. The temporary Federal deposit In surance plan under which deposits In banks up to 32,500 for each se count are insured has been in effect for six months and has proven a potent factor In restoring confidence. Only two small banks out of over fourteen thousand holding member ship in the fund have failed dur ing this six months’ period. The temporary plan has been extended very wisely for a year, and the amount of the Insured deposit has been increased to 15.000, thus in suring in full ovir 98% in number of the depositors in the banks. Hoarded money is returning io the banks and deposits are showing a vast Increase. Banks everywhere ■ re super-liquid, meaning that they have an unusually heavy proportion of their deposits in cash. There are two kinds of unemployment In this country — unemployment of men and unemployment o' dollars. These men and these dollars must be put to work. Banks 1n strong and highly liquid condition are prepared and determined to do their proper part in putting money to work. Requisite* for Granta of Bank Credit good loans, nor has the interest rate ever been so low. A Return of Normal Lending Bunks aro badly needing loans for revenue purposes, and now that con fidence in banks has been largely restored they are naturally return F-. ing to a more normal lending policy. Before the bank holiday the con fidence cf the people was shattered. The thought uppermost in the minds of depositors was the safety of their funds. Withdrawals from banks be came increasingly heavy in general. Under such circumstances the bank er, mindful of his primary respon N. and Cornwall Ruosev el to 1— New Roosevelt international bridge across the sibility to his depositors, was more View of the Thames at Ont., which was dedicated by Secretary of Wqr Dern and Governor Lord Bessborough concerned In the collection of loans Barnes, England, when the river was at its lowest level ince 1921, due to the drouth. —Rev. pr. Paul Press than in the making of new loans. of St. Louis, Mo., president of the Evangelical Synod o North America (left), shakin? hands with Rev. Dr The result was a severe contraction II. J. Christman of Dayton, Ohio, president of the ¡h ' 1 ri.æd Church In the United States, as they consum of credit. For thia the banker should mated the organic union of these two denoHrtuntldTis ' ' i 1 the Reformed and Evangelical Church. not b? blamed. He simply performed Y his manifest duty. Bankers at this time ar^-very and he is reported to be doing properly Viewing the ¿redit needs of well. Mrs. Tuel returned Tuesday business with serious and sympa Mrs. Dell Hull accompanied them thetic con »’deration. Applicants to Portland. for loans are not always familiar with the rules governing bank credit Miss Kunhausen from Glen Frank and Veda Reed are at- mbuth. and constructive and Interested help wood, Wash-, Mr.'~Richelaerfer ending the Epworth League In on the part of the banker will bring Martha Hastings and Laura and Mrs. Watkins and son were titute at Suttle Lake. about the making of many additional Wells and R- G- Gow werfe in dinner guests at the Evans home loans, and without doing violence to ’ The Wasco library has recel-! Portland Friday returning home Friday- any principle of good banking.' red a number of new books to be Saturday- Miss Elsie Rogers was a guest Certainly no one would advocate >aned out at a charge of 5 cents Mrs. Ida Hetzler from Portland of the Fred Fortners Sunday. the making of unsound loans by '«r week per book- is a guest for the summer of the banks. The creation of a large vol Mrs- Frank Knox- and children ume of unsound loans would not Mrs. Dick Schunke and son Spencer family. and’ Mrs. J. P. Yates left for only weaken the banks—It would eft Sunday to visit her mothfer Florence Armswortihy spent the Portland where they will spend a prolong the depression and wipe out at Hood River returning Friday- week end in The Dalles. week-. Dorothy and Donna Knox some of the gains already made. It Mr- and Mrs- Ed Feldman mot- is to be earnestly hoped that no Mrs. Jack Sheets and children will spend their vacation at the >red to Hood River Sunday on a banker will yield under the pressure are visiting her parents at Stan camp fire girls camp at Bull Run- of bis desire for earnings, or for picnic. Mr. and Mrs. Loyis Scholl field- any other reason, and make loans of motored to Tlhi© Dalles Friday. Cliff Fridley is in Portland to Mra. E. W McQuillan was a the wrong sort. ?o through a clinic in search of visitor in Portland Friday and * Marion Tuel is visiting her There are many needs for credit >etter health- returned with her daughter Janet grandmother, Mrs- Dixon in Port- of kinds which are not within the Mary Barbour from Portland is ; and- Grace Hughes Wednesday- , land province of commercial banks to meet. Likewise there are many .he guest of her mother, Mrs. W Wheat has been coming in toi Mr- and Mrs. Floyo’ Root were types of credit, but there are also 3. Tate for several weeks. the warehouse the yield being very in Portland Wednesday to attend many types of credit facilities avail <Mrs. Kenneth Woous and chil- light but of good quality weigh- a wedding of friends- able—enough. It would seem, to meet Iren will move to Longview Wn-' ing 1'42 to 145 pounds to the sack-J Mr. and Mrs- Heber Woods of the requirements of al) classes of Albere Mr. Woods is employed- Mr- and Mrs. M. G- Tuel left Los Angeles were guests at the worthy borrowers. Views from the Wasco Community The Duty of Every Banker It is clearly th? duty of every banker In the country to perform certain services. The most impor- tant of these are: 1 To afford perfect safety for deposits. 2. To grant credit to those who deserve it. In the matter of credits the public must in fairness remember that commercial banks are not lending their own money, but the money of their depositors, represented very largely by the earnings and savings of the people. The people who own these deposits have accumulated them through years of labor and sacrifice and In many cases the de posit represents their all. These depositors have the right to call for their money at anv time, or atmost on short notice. Deposits constitute a sacred trust. There are certain basic principles In sound banking that must be held onto even In this period of change, but the progressive banker must be responsive to changing conditions and he must be active in seeking proper opportunities to meet the sound needs of his customers. Repeated assurance has been given by the Administration that there Is no desire on its part to continue government lending a mo ment longer than is necessary and that at the earliest possible lime the government will gladly give way to the bunks and other lending in stitutions This, of course, is as It should be ano we ere all earnestly looking forward to the time when private Initiative and enterprise shall have recovered its vitality suf ficiently to throw government crutches away. Numerous bank failures have ere- ated in the minds of many a grossly exaggerated Idea as to the losses of depositors in closed banks. The rec ord indicates that depositors in banks which closed in the past three years will realize on an average about 65c on the dollar. That would mean a loss of 35% It has been es timated that during tho depression the average value of Investments In stocks lost about 90%; bonds simi larly declined approximately 60% and commodities 65%. Deposits In sound banks continued to be worth 100% throughout the depression and 90% of the bank de posits of the country were not af fected. That brings me to the all im portant question of the granting of credit by banks. Two things are necessary to increase bank credit: 1st. The banks must be liquid and confident In their own strength. Banker* Deserve Confidence 2nd. Busines-i men must further The country can have full confi lay their fears and regain confi dence to the point where they will dence In the Integrity and compe tence of the bankers of the country, daro to think end plan ahead. Tholrtt requisite (■ accomplished. (put of ihe lessons of the last few The Mcond 11 In process. Bank years has come experience that will rr?*”» *111 increase and money will be valuable to the banker and to his MO to »u.k c f” business men community. He can he counted on get over their dialuchu4;iun to bor to show a proper appreciation of his row and this will be when they be responsibilities and obligations and gin to see profits within their reach. to take bls placo among those who In past depressions the real move ■ re making earnest and unselfish ef ment of the expansion In bank credit fort to promote recovery. He la not ’ has always come after general busi Infallible, but with every power that ness recovery got under way and Ilea within him I believe be may be not before. The-number of good depended upon to fulfill hia duty as a credit risks Is Increasing dally. Not custodian of the people’s money, ■■ la ray time have good borrowers a dispenser of credit and as a God bees so warmly welcomed at banks fearing American Cltlien imbued with a sincere respect and regard as they sfs today. Never before has there been such competition for fpr the common good. t L t ! । (Continued from page one) By F rancis marion law , ** President American Banker* Association rpHE bunks of the nation provide the machinery through which dally many millions of checks P'-SS and drafts, ag- gregatlng hun dreds of mil- ' lions of dollars. - The hanks are largely fi nancing t h e Federal Gov ernment In its Recovery Pro- gram, involv ing the great est peace-time expo nditures ever known. I \W Likewise the banks are iar¿ v rnanclng the cur- rant credit needs of stat?«, counties, cities, public schools and other po litical sub-divisions, all. of which have intimately to do with the dally affairs of all of the people. Each day banks throughout the country are making hundreds of thousands of new loans and they are rettewlng and extending old loans for the accommodation of a vast number of borrowers, those bor rower» being individuals, corpora tions and partnerships and their loans being inclden» to agriculture, ’ industry and trade everywhere. The banks, through their trust de- ’ partments, are continuing the work which they have faithfully carried on throughout the depression and are protecting trust fends placed in their care against the worst shrink age of values ever known Included In this activity is the -service the banks are performing in connection with administering the affairs of widows and orphans. The banks, through the medium of their savings and thrift deposit de partments, are furnishing safety for the accumulations of many millions of people and on ibis class of de posits reasonable interest is paid. The officers of banks are unstint edly and unselfishly giving advice and counsel to the people of their communities,, thereby to a consider able extent guiding their dally finan- cial and fiscal affairs during this most difficult period of disturbance. I creo entered in said Court, July friend’s. 1 5th, 1934, In a suit wherin The Mrs- Afton McIntyre and baby Oregon- Washington Jqint Stock ara doing nicely and are expected Land Bank of Portland, Oregon, home soon- and James Harvey Mrsi Warner was a guest at -he .Sargent home until the War- j era left Sunday for the home of Mrs- Warner’s mb the r at Mon- ? i & for Portland Saturday so that Mr Harry Proudfoot home Saturday- Tuel could enter a hospital for an J Mis- H- D. Proudfoot had as operation for goiter- The operation her guest this week her sister, was preformed Monday morning Mrs- G. W. Smith, who is retur- ning to _ her home in San Diego after a trip east- The house guests of Mrs- Louis il ildebrand this week were her nephew Donald Turner- from Port land and Mr. and IMrs. L- B- Bla- kney of Oregon City Earl Dutton who has been in The Dalles hospital recovering from an appendicitis operation re turned to his home in Fossil this dish and sprinkle with-cinnamon week ’ * • Add apkicots and lemon juice- Mrs. Joe Hildebrand was in the Add finely cut marshmallows. Mix remaining materials as for cus Dallas Monday to visit her bro tard and’ add to pudding. Bake^her who is ill in a hospital- slowly for about ome hour- Top; Mrs. Bob Gow returned to Port- with meringue and brown in tl'.e iand and Mr. Gow will leave in oven or with whipped cream- • a few weeks- Apricot MIoo Cream Mr- andMlfi^ G G Wolcott of Tuscon, Ariz, wi.l visit her mot 1-2 cups sugar her, Mrs. Charles Everett for sev 1 2-2 tsp- vanilla eral weeks. 3 cup apricot pulp and juice 3 cups rich milk Mrs. Jack Ramey and daughter 1 cup heavy cream wane visitors in The Dalles Mon 1 tbsp, lemon juice day. 1-4 tsp. salt- Thyra Fields lefd for Fossil Mix apricots with sugar and stir freeze add remaining ingredients and mix thoroughly. Freeze us- ing 3 parts crushed ice to 1 of salt- When very stiff “ remove pad- UPDEGRAFF & PEPPER die and pack in salt and ice- Attorneys At Law Apricot Box Cake Cut an even slice from the top Moro, Oregon of a sponge cpk?, using a vary sharp knife. Hollow out the low- J er part of the cake and/lhialf fill with fresh or stewed apricots that have been sweetened and drained When Your Shoes need repan of all syrup- Coverapricots with send them to a thick layer of sweetened whip ped cream- Replace the top slice of cake and spread quickly with REPAIRING a cake icing made by stirring 1 GOOD SHQE THE DA LOT'» cup confectioners sugar in 1 un 04 Second St beaten egg white and tbsp- sy rup drained from apricots to a smooth consistency. When ready to serve, cut the iced cake^ into squares or rectangles- If desir 'FARMFCSr AUTO’" ed the cake may be served with vanilla ice cream Ipiled on top- COUNCIL l&UM Tha season for fresh apricots is comparatively short nd a few suggestions- for their use are timely. Apricots are not only del- icious in flavor but (Have real food value as they carry both mineral elements and vitamins. They are especially rich in cop per and iron and thus contribute to the blood building process. There a.o literally scores of ways to serve apricots- Apricots are delicious sliced and served with cream and sugar- They may bo eaten alone at the beginning or end of the meal, or combined with breakfast cereals- A favor ite salad is made of ¡halved or sliced apricots with a generous sprinkling of grated cheese .and mits for garnish- For variety they may bo used with cottage or cream cheese and with either French or fruit dressing- Fresh apricots, maae into a sauce and served with vanilla ice cream is delicious- The sauce is made by cooking for five minutes thesliced fruit with a half cup of sugar and half cup of water for cach| cup of fruit usied- Other ways of serving apricots are: * .W Apricot Marshmallow Pudding 1 cup coarse bread crumbs 1 cup apricot pulp 2 tsp. lemon juice 2 cups milk 3 egg yolks 1-4 tsp- cinnamon 1-2 cup sugar 6 marshmallow Put the crumbs into a baking WERNMARK> Truck Insurance Do NOT put off Insuring truck or car PYROIL Lubricating Process Saves Gas Saves Oil Saves Wear Saves / its Cost three times “Ask the man who uses it, Sold in Sherman County by: Avery Martin, Wasco Geo. B. Moon, “ - ' McKean & Searcy Geo. C. Wilde, " Moro Pyroil Sales Agency Wasco : , : : . Oregon See Geo. B. Moon Wasco, Ore, Agent WASCO MARKET RED & WHITE STORE Groceries—Meats- Fre^h Fruits and Vegetables in Season. National Hospital Association Road employees contribution 2.13 State Indus. Accident Com> Road employees contribution 3.42 G eq. Wilde, Road supplles- machinery parts . . 23.55 Howard-Cooper Corp. Road supplies . . . 135.91 Uj),'on Oil Company Road supplies . . . 24.76 Hal White, county engineer 5.20 E. L. Weld road laborer 46.56 j Shell Oil ’Company, Road supplies .............. .. .. . .. 15.50 Standard Oil. Company, Road supplies ................ 11.82 Sherman Gar. & Machinery Co. Road supplies................ 153.23 COUNTY’ COURT PROCEED INGS FOR JULY TERM July 5, 1934 is plaintiff, Ferrell and County of Shjerman, Corporation of the a Municipal State of Oregon, are defendant«, said wrf.t being directed 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, tn the City of Moro, State of Oregon, offer for stile and proceed to sell to the high est bidder for cash in hand the following described real propierty, situate in Sherman County, State of Oregon, tp-wit; Southeast Quarter of thæ Northwest Quarter (SE % of NWÍ4 ) and East Half of the Southeast Quarter (El/^ of SE %) of Section Seven (7) and the West Half of the Northeast Quarter (Wl¿ of NEU) and the West Half of the Southwest Quarter (WH of SWU) of Section County Tax Collector’s turnover Eight (8), Town»blp One(l) report on Delinquent Taxes col North, • Rapge Nineteen (19) lected for period endng June 30, East of Willamette Meridian, 1934, accepted and ordered filed. County Tax Cofisctor’s turnover ' and that certain piece or par cel lying and being in said report on current taxes collected section, Township and Range for period ending June 30, 1934, and more particularly des accepted and ordered filed. cribed as follows: Beginning County Treasurer Van -Gilder’s at a point , 80 rods East of bond for $20,000.00 presented to the Northwest corner of the the County Court and accepted,' Soilthwest Quarter of »aid- Coroner’s report on death of W. Section Eight (8), Township O. Smith of Kent, accepted and One (1) North, Range Nine- ordered filed. The County Treasurer was auth orized and -directed to issue to the Fair ■> Board of Sherman County a check for all 1933 ¿.‘racing fund” received from the State of Oregon for fair purposes wlthÄ» the» co- unty. IN THE CIRCUIT COURT OF THE STATE OREGON THE COUNTY OF SHERMAN THE OREGON • WASHINGTON JOINT STOCK LAND BANK of Portland, Oregon, a corporation. Plaintiff, versus JAMES HARVEY FERRELL and COUNTY of SHERMAS’, a mun icipal Corporation Of the State of Oregon, • Defendants, NOTJICE OF SHERIFF'S SALE By virtue of the writ of exe cution and order of sale duly is sued out of the Circuit Court of the State of Otegon for the Cou nty of Sherman, on the 7th day te°n (19) East * of the Wil- Meri dian, thence lamette East 7 0 rods; thence South thence West 7 0 160 rods; rods; thence Nort^i 160 rods to the place of beginning. containing all told 350 acres more or less to satisfy the sum of Four Thou- Hand Six Hundred Seventy-Two and 66-100 DoJIars (14.672166) with interest thereon at the rate of six per cent (6) per annum, from the 5th day of July, 1934; and the'' farther sum of One Thousand Two Hundred E;Rhty- Two and 03-100 Dollars($l,282.0l) with interest thereon at the rate of eight per cent (8) per annum from the 5th day of July,1934; and the further sum of $500.00 attorney’s fees; together with the ccsts of said suit taxee at $10.40. and the costs of and upon said ■writ. Sheriff ÇôwJ R- H- McKean! Mrs. B. E. Hailey, AsstMgr. I ¡ i • • 1 ______________ _ _______________ __ s Retailers of Crown Mills FLOUR ? V g I GRAIN, FEED, INSURANCE ■ Mitchel, Lewis & Staver Co. ■ Farm Implements ■Wasco Oregonl Snow Maid Flour Mill Feed of all Kinds $6.25 per bbl. Chick Feeds & 4 High Grade Family Patent Egg Mash Flour Now is thetimeto think of GRAIN INSURANCE YES We Buy Wheat DEAL with YOUR LOCAL Sherman Cooperative Grain Growers WASCO. OREGON Your Patronage Solicited Hugh Chrisman of Sherman- County, State of Oregon
