The gazette-times. (Heppner, Or.) 1912-1925, December 02, 1920, Page PAGE TWO, Image 2

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Till'. (UZKTTF.-TIMF.S. IIEITXER, OREGON, THURSDAY. DF.O. 2. 1020.
OREGON HEN'S WIN IN
EGG LAYING CONTEST
TAX LAWS TO REMAIN
UNTIL AFTER MARCH 4;
f.tlt'a r.uu'h oa W
Who,
ook and movetl
IIMlItlHIHMIIIIIIlllitll!tltl!!!MI!IIIUIIUI!llllil!lll!IUIIllllllllll!ll!llllltM!M
ii.
Two
t I)
: IT.
k -Sow High
n ( omprllUoa
: fdl shown.
at the close
..shmsion
;: t-o::$ came
rt-vks but a
MoatlMr Hrpbllcfla Make Stn4y f
otijeci ! Foras ProffraM fer Spec
ial ScmIo.
V. H. Ilalty. the tS.t-ui.mi Oil asent
at lone, nveuM word last wvk of the
death of his father. J. 1 H.ilev, at Ku
pen. H leeft at once for the Iine
county metropolis.
f. .cs h
ct't a i,o
j it Id.
The average
2U I or :
rochs XL
hist l.or..-; in
The UirJ a:
the live ijr : .;
kel i .i,' J Tai ii
Uve p--ult:' i
o;.i 4- it::Is- ie
ou;iut of the
show s ii..vv k s
The L:t-Mol:S
leaw.fi & Ui.rt
$b i-er hen j.
ituliv i.iua.1 re
w as L' it-6,
only tu-.rifi
of The r.
and 170.
:u;:u t!;v;n m .i contest that
i-Mi-M revoru in high egg
if the 40 entries was
ear. The college Ore
and the college
o. A, C. flocks won
i' v:i of the 12 months
e of the os laid by
was J.' OT. at the mar
I'uvailuii, reports Tro
de:i, head of the col
l parirnei.t. This was
xi, ..n the aiue of the
w ir.iii! pta, which
; tne contest was.
feed lull was $22 2.
v $J0.3i a profit of
r ytar.
ords lor the Oregons
and lid the last
w the contest average
:ks were Zii, '21$, 2.4,
Local Standard Oil Agent
Is Transferred to Portland
George W. Milhulland. local agent
for the Standard Oil Company during
the last three years, has received no
tice of his transfer to Vortland and will
move with his family to that city just
as soon as his successor conies to
Heppner.
Mr. Muholland asked for a transfer
some tune ago, in order that he might
te near an e e specialist for treat
ments, lie will probably be stationed
at W illbndge, the Oregon and Wash
ington distributing plant of the com
pany.
During llr. -MUhol land's stay hem
the business of the Standard Oil Com
pany has increased amazingly fast and
muth credit is due him for that in
crease. The Milhollands have made a
host of friends here who regret to see
them leave but who have only the best
of wishes for their continued success
in their new home.
Man Arrested In Oregon City
Gives Up $100,000 In Bonds
John Doughty, who was recently ar
rested in Oregon City in connection
with the mysterious disappearance of
Ambrose J. Small, theatrical magnate
of Toronto, Canada, and who was re
turned to Toronto last week, has re
turned JHiO.OCHt worth of the Canadian
Victory bonds, missing for nearly
year.
Doughty took the ollicers to his old
home and up in the attic, where the
bonds were found wrapped in two thick
packages and covered with heavy
wrapping paper. Doughty was a for
mer secretary to Small and is being
held on a kidnapping charge in connec
tion with the disappearance of Small,
as well as on the charge of theft of
bonds.
Additional Room Planned
For State Offices At Salem
A new modern oilice building is pro
vided in a bill which state representa
tive T. B. Kay uf .Marion county is pre
paring for presentation at the biennial
session of the legislature in January.
L'nfler Mr. Kay's plans, the new build
ing would cost approximately J350,000
and of that amount the state industrial
accident eornniisticm would pay $100,000
and the state highway commission
Jl 00,000. The remaining J150.000 will
be appropriated by the legislature. . Mr.
Kay would not have construction com
mence until labor and material recsde
to lower levels.
By Snell Smith.
Washir.ston. Nov. JO. In the opinion
of Senator Venrose. Chairman of the
Finam-e Commute, communicated to
Senatorial colleagues her and to influ
ential members of the Ways and Means
Committee, no attempt should be made j
to repeal the ctcess profit tax or amend (
the revenue lawt until the special aea- j
ijn of Congress, w ntcn i-resinem-eie-ci -
Harding has announced that ne win
all soon after March 4.
Senator Tenrose said that In his
Pinion an thing that might be done by ;
he Republican Congreea along these.
nes would probably be Tetoed by
President Wilson, and. therefore. Hi
ould be a waste of time for the Rep-1
ublicans to attempt to carry Into effect i
party policies during the final months'
f the Wilson Administration.
It mav be wise not only to repeal
the excess profits tax. but to simplify j
x forms for the calendar year 19:9. ,
said Senator Tenrose, "but I do not ,
believe that the consensu! or opinion
Congress would favor undertaking
the repeal of any taxation scneauies
ntil the Republicans enter into fullj
control of the Government I myself
favor simplification of the tax forme so
that the taxpayer can know what he
r. to report I hope that we may ao
this before the taxpayers are required
to make the 19!0 report"
Senator Penrose further indicated
that no advantage could be gained by
enealing the excess profits tax at the
coming session, as Congress undoubt
edly would not favor repealing the tax
for the calendar year 1929, and there
as sufficient time to repeal It at tne
special session, when other features of
the revenue law would be considered
and general revision might be undertaken.
There Is such a demand from nusi.
noss men for repeal of the excess pro
fits tax. supplemented by the recom
mendations of Treasury officials, that
there Is reason to believe that con-
. . .... ...... v .
gress will not aeiay ku uuu
hole subject of taxation can db unaor-
taken. It Is the opinion or. moss con
cerned with taxation matters that this
tax will be repealed early In the sum
mer of 1921, or, according to secreiar
Houston, It will be necessary to collect
the tax for that calendar year.
What Is punling the authorities is
how to find a substitute for this tax.
There Is no argument against Its re
peal. In the Ways and Means Commit
tee last session, R. C. Lrftnngweii. men
Assistant Secretary of the Treasury,
suggested that the Income tax might
be Increased to provide revenues com
ing from excess profits. This view was
opposed by the committee, which was
nearly ready to accept a tax on sales
and real estate transfers. Many object
to a sales tax.
Another suggestion Is to repeal tne
profits tax without trying to supply
another source of revenue to take Its
place. In such a case the expenditures
of Government must be reduced to a
minimum. If this Is done. It Is argued.
there will be sufficient revenue to meet
ordinary expenses of Government, but
not to redeem the Treasury certificates
and Victory notes In 1923, amounting
in all to about 8.000,000,000.
Some financial experts hold that
these obligations should not be redeem
ed. but should be refunded Into long-
term bonds and cancelled in fifteen
vears. when the condition of the Gov
ernment will be such as to carry out
the transaction without putting such a
hnrden on oresent-day taxpayers.
Different schools of financiers will
undoubtedly come into conflict when
the subject of tax revision comes up In
Congress. Underlying tne oinerences,
however, Is the general agreement that
the excess profits tax must be repealed.
The stfuggle will come over whether
a substitute tax Is necessary or whetn
er the present situation can be taken
care of by extending the period of in
debetedness maturity.
County Clerk Wateis issued a mar
riage license on Tuesday to Julian
liauch. a younir farmer of the Kcho
country, and Irene Tear! Moehnke of
Lexington. Mr Raurh recently sold his
County Assessor J. J. Wells returned
the lirst of the week from a business
trip ;o Tendleton. Mr. Wells says It i!
a pleasure to ride over the new hifih- (
way from Kcho to reiutleton and the !
scenery along th 1'metilla river could !
be worse. The nev road follows along '
the bank of the river and In many !
places takes the old bed of the railroad
track.
Jimmie Angus Was One of
Country's Premier Herdsmen
While talking with F. G. Duncan,
bonnie Scotchman, the other day, and
Duncan being a lover as well a;
Judge of pure tied cattle, our conver
sation naturally drifted to discussion
of the famous herd of Shorthorns own
ed a few years ao by W. O. Minor at
the -Mountain Valley Stock Farm near
this city.
"Lid you know any of Minor's herds
men" asked Duncan. We replied that
we remembered a few of them but that
Jimmie Angus was in our memory
stronger than any of the rest.
"u'heie did Jimmy finally go. we
asked. Kor we always had a warm
spot in our heart for him. He was not
only one of .the country's premier
herdsmen, but was a prince of a fellow
and a warm friend.
t rom Duncan's conversation we
learned that Angus went to Kentucky,
where he took charge of one of the
best knowrn herds in the United States
While taking some of these cattle to
Chicago to piace them in the show at
the great International Kxposition
Jimmie contracted a severe cold. Som
of the boys tried to get him to go to
the hospital, but he would not listen to
it, as he didn't want to leave the cattle.
However, the great herdsman was
finally taken to the hospital where he
could receive medical attention, but his
condition was serious. What he thot
to be an insigniikant cold later devel
oped Into a bad case of influenza and
he never recovered.
When Jimmie Angus died, the coun
try lost one of Its best herdsmen. He
knew the fine stock game from A to Z
and had years of practical experience
in the stock business in Scotland be
fore coming to America. In preparing
a heid for the show ring none of the
boys had anything on Jimmie. He
worked for Minor a long time and was
given credit for the fine appearance of
the Minor herd, which was always,
while under his care, In the best of
condition.
CHAKTKK Ml. 11IXIT HKSKRVE IlISTRH'T Ml. 11
RKI'tlHT OF CONDITIO OK THE
Fanners & Stockgrowers
National Bank
AT HRPFNKK, 1 THK STATK OP (HKiO, AT TIIR
CLOSK OK HIMXKSS OX NOYF.MHKH 15.
HKSOUHCKS.
Loans and discounts, Including redis
counts $353,766.18
Notes and bills redtscounted with Fed
eral Reserve Hank (other than bank
acceptances sold 72.948.96 $2S0,S17-22
Overdrafts, unsecured 1,251.11
I'. S. (ioveramrnt eeirltie owned i
Owned and unpledged ....$14,150.00
War Savings Ort ideates and Thrift
Stamps actually owned 1,145.16 15.295.16
Securities other than U. S. bonds tnot including
stocks, owned and unpledged 6,676.09
Stock of Federal Reserve Hank (50 per cent of
subscription 1.S00.00
Furnit ire and fixtures 2.526,52
- Lawful reserve with Federal Reserve Bank 11,173.89
Cash in vault and net amount due from national
banks ... ..2,846.83
Net amounts due from banks, bankers, and trust
companies in the United States (other than
included in above) . 234.89
Checks on other banks in same city or town as
reporting bank 390.02
Total of last three items above $23,471.74
Checks on banks located outside of city or town
of reporting bank and other cash items 3,098.48
Interest earned but not collected approximate
on Notes and Hills Receivable not past due..... 6,522.67
TOTAL $352,662.88
LIABILITIES.
Capital stock paid in $ 5(1,000.00
Surplus fund 10,000.00
Undivided profits $22,931.24
Less current expenses, interest and
taxes paid 9,107.33 13,823.91
Net amounts due to national banks . 151.05
Net amounts due to banks, bankers, and trust
companies in the United States and foreign
countries 194.18
Certified checks outstanding 200.00
Cashier's checks on own bank outstanding 1,505.50
Total of last four items above $2,053.73
Demand depoMttn (other than bank deponltn) ub-
JH-t to Reserve (deposits payable within 30
days):
Individual deposits subject to check 20C.206.23
Certificates of deposit due in less than 30 days
(other than for money borrowed) 2.99
Dividends unpaid 250.00
Total of demand deposits (other
than bank deposits) subject to
Reserve .$206,459.22
Time riepoNlta nultjeet to Hefterve (payable after
30 days, or subject to 30 days or more notice,
and postal savings):
Certificates of deposit (other than for money bor.
rowed) 14,078.29
Other time deposits - 11,000.73
Total of time deposits subject to
Reserve $25,079.02
Bills payable, other than with Federal Reserve
Bank, (including all obligations representing
money borrowed other than rediscounts) 45,000.00
Letters of Credit and Travelers" Checks notd for
eah and outstanding 250.00
TOTAL $352,662.88
Liabilities for rediscounts with Federal Reserve
Bank $ 72,948.96
Total contingent liabilities .'. $ 72,948.96
Of the total lonnn and rilneountu nhown above la amount on
which lntereM and dUeount wan charged at rate in rictus
of thou permitted Uy law (Sec. Slit 7, Her. Stat.) (exclu
Hive of note upon which total charge not to exceed AO
ccnta win made) wait none.. The number of anch loans
won none.
STATE OF OHF.t.O, COUNTY OF MORROW, M.
I, S. W. Spencer, Cashier of the above-named bank, do
solemnly swear that the above statement is true to the best
of my knowledge and belief. S. W. SPENCER, Cashier.
Subscribed and sworn to before me this 29th dav of No
vember, li)2o. JUS. J. NTS, Notary Public.
My Commission expires June IS, 1923.
CORRECT Attest:
J. W. BEYMEIt, JOS. M. HATES, J. G. THOMSON.
(SEAL Directors
Former Heppner Woman
Marries Eastern Man
BUILDING OREGON
iiiiiniiiiimiiiiiii.
No one appreciates the growth and development of the State of
Oregon more than the Public Utilities who serve it and supply the tele
phone, gas, electric and transportation facilities which promote tho bus
iness of the State and the welfare of its people. Proof of that growth is
scarcely necessary. The statistics published daily in the press, showing
bank clearings, building permits, imports and exports, real estate trans
fers, all bear testimony to a tremendous business activity and a volume
of trade far in excess of that of five years ago.
"With all this growth and activity there has been an increasing de
mand for telephone service greater than our present facilities can sup
ply and greater than our present revenue will allow us to meet. During
the present year we have handled in excess of 48,000 orders for tele
phone service in the State of Oregon and at the present time have 3500
unfilled orders on hand,.
The constant demand for telephone service can only be continuously
met with a plant sufficient for present needs and a reserve for growth
which will permit of promptly handling installations, changes and
moves. This company has no apology to offer for what it has accom
plished in the way of meeting the demand for telephone service during
and since the war. It is a record to be proud of but it cannot continue
to meet this demand with its present facilities exhausted and a deficit
in its earnings.
Arrangements must be made for the necessary plant and equipment
to keep pace with Oregon's tremendous growth. We want the people of
Oregon to realize our present situation and the problems now confront
ing us and help us to take a proper part in the development of this State.
PACIFIC TELEPHONE & TELEGRAPH COMPANY
illt lllllllllllllllllllllltllllllllllllllllllllllllllllllllllll IIIIII IIfItIllllll1llllllIIIItllllMhJIIIIIIIIIlIllltflllllllltIllltlIllllir
Mrs. Margaret Emerson, for many
years a resident of Heppner, was mar
ried recently at Rutland, Vt, to Lucius
S. F. Reed of Middletown, N. T., accord
ing lo wora received uy neypuci -
friends. The ceremony was performed
at the Methodist parsonage by Rev.
George E. Price. The couple were at
tended by Mr. and Mrs. S. F. Ryan of
West Rutland.
Alfred Anderson, well known Eight
Mile wheat farmer, was here on busi
ness Tuesday.
J. B. Huddleston and sister Miss he.n
came over from their farm home near
Lone Rock last Sunday and are spend
ing a few days visiting with Heppner
friends.
Willard Service Station
BATTERIES RECHARGED
The Lexington Garage
FREDEBICKSON BROS, Props.
We Sell Goodyear and Racine Tires
Repair Work Oils Greases
Endive as a late winter salad plant
has an encouraging future In western
Oregon. The fir tit crop was marketed
In 28 days from the time rooti war
buried in seme college greenhouse
trials. The average weight of the best
roots was about a half pounor for the
season. O. A. C Vegetable Gardening.
THE experienced householder does not-wait until ze
ro weather to know that it is time to look to stoves
for the home. Cold days will come just as certain as
Christmas, so why not select now while lines are com
plete and deliveries assured?
Stoves for the Living Rooms; Stoves for the Kitchen
Peoples Hardware Co.
Smart Hosiery For Women
H
HLEPRoF
HoIERy
OLE-PROOF HOSIERY
has not only the dash and
style, but also a lasting wear
ing quality which has made the
name HOLEPROOF a by-word
among discerning people who
want quality.
We carry a complete line of hos
iery in prices ranging from $1 up
Sam Hughes Company
J TURKISH ODOMESTIcm0 I
No sir-ee, bob!
No premiums with
Camels all quality!
OAMELS quality plus Camels ex-
V4 pert blend of choice Turkish and
choice Domestic tobaccos pass out the
most wonderful cigarette smoke you
ever drew into your mouth 1
And, the way to prove that
statement is to compare Camels
puff-by-puff with any cigarette in
the world I -
Camels have a mild mellowness that
is as new to you as it is delightful.
Yet, that desirable "body" is all there!
They are always refreshing they'
never tire your taste.
Camels leave no unpleasant cigaretty
aftertaste nor unpleasant cigaretty odor I
Your say-so about Camels will be:
"Ay, but that's a great cigarette".
Caflies ars Bold err?whtr in Bcientiflcallr trf
omckMitm of 20 citsrmUem tot 20 ran; ot fert pack-
Ajtea U0O ciflartttrm) in a 4f)fine pnrrvrf
caron Wm ttrontl.v rfommmnd t hi carton foi thm
how or oJJics wpply or whan jou trawl
R. I REYNOLDS TOBACCO CO.
Winston-Salem, N. C.