9
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The Scio Tribuné
Generai 5ieW<
u. A. twin«.
t.
J. Munì
Vice Pr«
FEDERAL RESERVE
The Scio State Bank
HELPS FARMERS
President
E. D. Myers. Caahier
Does h General Banking
Business. Interest ¡mid
on time deposits.
THOM A 8 I , A R< • E. ilrttul
City and Earm I’rojwrt.v
How Its Aid to England's Re
turn to a Gold Standard Bene
fits American Agncidture.
By M A. TRAYLOR
Vice
President
A m sr tei ea
Bankers Aseoc.stlovi.
There han t»«n ne more Importaa«
Liat with tnc—No esclusive contrAvt event for the American farmer and
stock man since the Armistice than
the recent ret am of
Great Britain to a
gold
standard
standard.
It
Real Ertale Rro^er
s< «ms a Ion* 1h
and Notary Public
la new from ths Mom
tana farm U> tba
^bitratti OblaintJ. ¿xamined
goM 1 vaults of ths
IO
-
-
-
OREGON
of England,
lUink
but the prie* ths
A. G. PRILL
farmer r«»(s t«»r his
Physician
when* and cattle de
pends m>t a little <«a
and
M. A. Traylor
Surgeon
that «old
The farmer sells his wheat to the
District Surgeon S. P. Railway
elevator man and yet the real, buyer,
‘n many dUMFS* la an Fi>«ll-hm«h. a
Fr <Thman a Gertnaa. or an Italian
About
third of the wheal crop la
usually »old abroad and this part la a
targe fartor In tiling the price nt the
entire crop, Between the farmer and
the foreign buyer Ibero are many
la wvat years the moot Im-
portant step has been that at which
ths foreign buyer has to pay th«
Am.rlrsn exporter, for the Interna
tlrmal mechanism of payment has
been badly out ' of order b'-ewna»
Europe was off the «old standard
K
Veterinarian
wm> Rist as though an »rllsh buyer
STAYTON,
-
-
•
oil! «¡ON drove up to your farm bonne. bar-
i-slued for yimr wheat and drew up
Call» answered hay or Night
Tuberculin Testing
the com met But when you dteruvand
pavm. nt. hr said "Pm sorry I haveuT
any good I'nltcd Stales nvonep to pay
COL. W. E. WRIGHT
you with; I II bare to pay you tn my
Jlnyllvh paper money, which Isn't
worth ha face value tn «old I don't
1144 Ferry St.
Salem, Orc
know what It may be worth next
for All Sales
weak, but that hi your risk "
Satisfaction Guarantccil
A Deadly Foe of Trade
I low many would be wtntnx to sign
contracts on this basis? Yet that 1»
lb* way moat of the world's trade ha*
Any Kind
Aay where
Any Time had to be carried on since the Arml*
tier
In practically all countries ex
SFK
cept the United States the eurrencle»
Sturges,
have had no flx«ul value tn gold but
have changed tn »alno from day to
BONDED CAHRIER
day Whenever one country eold any
thin« to another country. somebody
Lowe A. Morrison
had to take the rb«k of lows because
Reliable Undertakers
the value of the money might change
All funerals given personal attention before pavmcnt was made
Ruch un
by Mr. lx>we
certainty of payment la a deadly foe
N. tX Ixiwa
N. I. M omusos
of trade and people were afraid tn do
lebamm
Phone -Day. -R'"
any larger International buatneaa than
Phone 91
Phon«—Sight, •
they had to.
Fi r*’r’s of food stuffs from the thilt-
rd St.i’ •» fell from two and a half
hfthon diitlam tn 1st» to eight hundred
This ad 1»
million« tn IW3 and the difficulties of
addreaacd
European btrvers In maktn« sat hi fac
TV
tory payment tor American farm prod
ucts was one iff the large factors tn
the dn>t. hi the prices of harm prod
acts
lint now the rvai-nt action of
Orest I’rltAtn In declaring that It win
ar vtn redeem Its paper money In «old
mean* that British buyers 4>f A inrrlean
products can pay for them with money
which I. arc« pled the world over at Its
far. vslne tn «old With the return of
If you are on the farm, we
(ireat Britain to the gold standard, a
majority of the countries of Europe
have the
have paper cum-ncle» equal to «old.
How Hrvecv« Banks Helped
American banker» have assisted tn
th«- British return to the cold «tandard
by gtvlur a |t0®,000.000 credit to the
British rovemmont
Bnt more fmpo^
tant than this was the action id the
Federal It«'serve Banks tn granting the
you need to re
Bank of Encland material coopera
pair your barn
tion H»ey placed f?uo ooo.ooo r<>M at
and »hc<l».
the dl’posal of the Bank of England
for two years, tn be used by IL If nee
casary. tn maintaining the gold stand
If you arc in
anl
Th«- r*a<itn,*>a of the Reanrvw
town, we can
Banka thus to co-operate was an Im
portant tn fl a- -lc. tn the winingnmm of
supply you with
the British to take this all Importaat
what vou iirnl.
atop
This action of the Hearrvs Bants
was a most constructive step la aid
of American farmers and producers
who will ben.«flt xrestly by the re
moval of this rh’m« nt of uncertainty
from thdr «sport transact Iona, If all
the »tn» of omi’ ion and commission
QUALITY : SlHVKt
banted axalnls the F«*denil Reserve
Hvstem by banker business man. Bve
Second an<l C alapooia
stork man or political blatherskite In
the last Ave veers were true, and prac
Phone 275
ALBANY. < ht>.
tically none of them are. th» service
rend, -rd commerce and Industry by
the FvMetn tn <x,nn«-ctloti with the rew
torstion of the yold standard m ee
lent«’ a port of the world wonld far
oelweigh aDf mlvtakee that those la
. har«e of th» System may has* made.
No banker basin-«« man or farmer
hoiild permit any self serving rleclar-
Obtained Send nu»<lcl or «ketch
aita«n
by favor awktng demagogue to
and we will promptly vend y<>n a
«werve him from s detrrmlnstloa to
report. Our nook on Patents and
ace that the Srst»m la maintained for
Trade-marks will be sent to you
the future welfare of the country
on request.
Fundamentally condition» are very
sound and we are doing a very
lari:«’ Volume of bc.inesa. no little part
------- PATENT LAWYERS —
. f wht. h 1» due to th» equalising and
MIS Sew
Waduneto«*, D. C-
»labilialn« effect
by the Fed
rwr
or>< l.-eor
e® the credits of
• be *
of the last 0v» years there have h<-*n
no limes of either alrlngen.-y or pie
thorn of bank credit Rate« have run
along on a rather level k*el and tn
my Judgment bare had much to do
with the stable volume nt business
wbb-h we have eajoywd. a»d which la
quite contrary to the old ax perlene* of
the aftermath of panics With a credit
structure such as only the Federal
lUeerve System can raarant> <. I feel
we need have so apprehension but on
the contrary sound optimism lor
lutura
Oregon Milk Company
Condensery, Scio, Oregon
Sell» Hi» Wool
Scio, Or.
HAULING
Fred
S< 'io,Orcn
Lumber
Deliver
J. W. Copeland Yards
PATENTS
D. SWIFT & CO.
of a cow in a day, but to
one requires from 2^ to 3 years?
DR.
Auctioneer
Dispose
Produce
jyisY sijeiioi?
G. F. Korinek
Do you know that you can
Putting an Ad
This Paper
< n- m Endeavor every Sunday
evening at <5:30.
V. J. Philippi and son. Glenn, re
1‘rai er meeting every Thursday
turned Sunday night from Southern night at 7:30.
Oregon where they had Ik-on look
ing after some sheep Mr. Philippi
had bought.
Hey Work While You Sleep!
On Monday of this week Mr.
Philippi sold his local clip of lambs
We are proud <>f our Classified
wool t<> a Eugens firm. There wes
column, Ix-cauae it te full of hu-
man interest—-It brings people to-
aliout 5,000 pounds.
Bring ua your job Printing.
Baptiat Church Notes
Is cheaper and will bring greater
results than if you had a bov to erv
Sunday school al 10 o’clock every
your wares. If you have anything
Sunday
morning.
rybody is in
to sell or want to buy aomcthing.lel
vited
to
attend
t be known through the Tribune.
. ether as nothing else esn do. If
y.i. have anything to sell, or want
to buy Home thing, there is noth
ing quicker nor surer. And the
t ik cheap. Yes, we are also
proud of our job department and
the work we do. See us for any
thing in the printing.line.