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About The gazette-times. (Heppner, Or.) 1912-1925 | View Entire Issue (Feb. 9, 1922)
PAGE FOUR TIIK GAZKTTF. T1MKS, I1EITXKK. OREGON, Tlll'KSDAY. FEB. 9, 1022. .1 1 I CHILDREN ALWAYS AT THE FEET OF LINCOLN . -v v - L. MONTERESTELLI Marble and Granite Works PENDLETON, OREGON Fine Monument and Cemetery Work All parties interested in getting work in my line should get my prices and estimates before placing their orders All Work Guaranteed The Byers Chop Mill (Formerly SCHEMPP'S MILL) STEAM ROLLED BARLEY AND WHEAT After the 20th of September will handle Gasoline, Coal Oil and Lubricating Oil You Will Find Prompt and Satisfactory Service Here 1 IliiliillllliHIIilllillllilllllllllli $ X i ! 3 X 1 1 To the Automobile Public ! 1 Have the NO NOK self-adjusting bearing bolts installed, and eliminate your bearing trou bles. They have been tested and give perfect satisfaction. Made for all cars and trucks. WE SELL ZEROLENE OILS 15c j)er quart. Over 5 gallon quantities per gallon. Differential and transmis sions filled at 15c per pound. Fell Bros. 5 J 1 Block East of Hotel. Auto Repair Shop. X X X X mmwmiFW. An Anchor to Windward Did you ever feel the embar rassment of being dead broke and nothing in sight f A man with a savings ac count has something to fall back on when he gets into such a position. He has made the day of plenty contribute to the cupport of the day of need. He lias used foresight. A small amount deposited every month on a savings ac count will never be missed, and when you find yourself "flat on your back" you will have something to give you a lift. We woull be pleased to have you call and open an account with us. We pay 4 computed semiannually. FARMERS & STOCKCROWERS NATIONAL' BANK 1tllwtysit)wtinnocfntrnl penlnnnUofat child which 6rst Stns3Cand isl attracte d ! to true fgrcatnesV- Centuries ago it was so 'when they" hf ard, "Suffer l.ttle ch.l 'drenand come; unto me" Today in one of the big Eastern cities is a beautiful brome statue of Abraham Lincoln. Daily around its base and up with it are little children The picture shows a group of youngsters brushing up the statue so tnat it mav present a ,1"' k .1.- I 1 l.U snnil'HCIfl nearance on the 113th anniversary J pearance on me lum ' of the birth of America" great ma . L r r 4 1- "tVJ 1 v fix aiS - " f. 'l Community Service CREDIT IS ALLY OF MODERN C01IMERC Head of Credit Men's Organi zation Tells About Dangers When It Is Misdirected. Holds That All Business Men Should Familiarize Them selves With Principles.. By J. H. Tregoe. (Treasurer National Association Credit Men.) of be worthless, our manufacturing plants would be forced to close, our stores to shut up, our railroads cease to run, industry, business, manufac turing, production, would be halted, there would be no "jobs," no in comes, and in place of system would reign anarchy. Credit is not a tangible asset. It is a spiritual thing more delicate than a breath and yet strong enough to gov ern a world's work. It was endan gered in the World's War and the mere appearance of danger has been enough to upset the economic bal ance of our country today. The public at large cannot realize the immensity of the credit system and how indispensable it has become to commerce. Running back in his tciy to the days when living was sim ple and human needs few, the ex change of commodity for commodity, which we term barter, was sufficient to gratify the wants of men. Under such method there was no commerce Cgs Poem fCoJ Uncle John ,, ..... . ,; . . SETTLERS DOWN AND UP. If ver soul is miehtv restless, and it's hard to keep it still, an' you find it slow to subjugate a migratory will It yer life is simply nothin' but an agravated chase, and your'e movin' every season to another rented place, Jest consider this sejestion, which a trial will endorse, ana you u nna u miBhtv helpful, which 1 have did, of course, Pick you out a little home stead, one that am t too tur irom town, buy it on installment payments get to work and settle down. . If you chance to be a teller tnat is trugglin' with his debts, which they seem to grow so rapid-like, a feller most forgets, an' you meet a blame collector every which away you run, an near every letter that you get, contains a dun. ... 1 offer this sejestion, which a trial wilt confirm, and it soon will have you smilin' at the other feller's squirm. Don't cuss the man you're owin" like a sour, un grateful pup, but, never stop a-go-in' till you go an' settle up! Editor's Note. . H. Tregoe is the treasurer of the National Asso ciation of Credit Men. This fact alone indicates his knowledge of the 1 as we think of it and social advance piinciples upon which all our modern mont was slow. With the increase commercial and industrial life is of human wants and as society be based. He has wasted few words in , came more complex, the exchange of his article. Men dealing in finance, commodity for commodity was insuf- production or any form of activity hcient to satisfy men's needs, and wherein credit plays a part, will find , needs are usually satisfied. In sub his ideas of value, while to the lay- stiiution for barter, therefore, forms man it should appeal on the basis of being an authoritative statement tending toward general knowledge. The industrial system of the world would go crashing into chaos tomor row if credit were destroyed. The actual cash transactions of the CROWNPRiNCE SANS BRASS BUTTONS or money began to be introduced as mediums of exchange. In the period of handcraft, when articles of dress and for the satisfaction of peoples' wants were produced in homes, mon ey as contrasted with credit, was suf ficient for the conduct of business. It was not sufficient, however, to world today are small in comparison ; stimulate commerce and bring it into with its credit transactions. Wipe ; a period of jntensiveness. With the out credit and its issues and our mon-; industrial revolution, when power ey-except gold and silver would wa5 substituted for handcraft in the production of commodities and steam became the motive power for the transportation of these commodities from the point of production to the point of distribution, money was in sufficient as a medium of exchange and there came into its place the credit system to supply the needs of the period. This system character ized by great flexibility developed rapidly to serve human needs. Ancient System. From the earliest days credit in some form was granted in the rela tions of men. As a great commercial system, however, it dated from the industrial revolution and based upon it world commerce has become so ex tensive and so complex that credit is the real ally of commerce and with out it trading of men with one an other on a large scale and the huge facilities for transporting commod ities would languish and dwindle away. The real nature of credit, be ing not material but spiritual, has pone beyond the grasp of the casual thinker and because of ignorance as to its nature and uses, mishaps have come to our commerce. We are today suffering a depression because com- PC "- IT mercial credit was over extended and put to uses for. which it is neith er designed nor intended to credit cannot be manufactured; the printing presses of Russia may turn out pa per rubles by the trillions, but there is no human power in Russia that can force the exchange of its fiat money for commodities at its face value. Credit is founded on real value and is never better nor worse than its underlying value. When the governments of the belligerent na tions borrowed billions of their peo pie for the purchase of war muni- tions and to keep their men in the field, they were asking a form of credit extremely dangerous in char acter for it inevitably meant credit inflation. There was no underlying value, the redemption of these credit obligations was to rest on the taxing powers of the nations and these pow ers as we now know are subject to and affected by social and political changes. About Credit. When the promoters of an industry need capital they offer stock. When they wish to borrow they offer bonds. Borrowing on the security of a bond is a credit transaction. Selling shares of stock in an industry is a capital transaction. Credit is not capiat and the great error of the post-war period was an attempt to make credit do the work of capital. Credit has a de finite beginning and ending. It should exist no longer than its underlying value. Credit must be liquidated at speci fic periods, and also frequently in or der that it be kept fluent and suffi cient for the needs of commerce. Credit is the ally of modern com merce. This should be patent to the reader who should understand how much safer he will be if he appre cistes fully the real nature of credit and its proper uses. Of all commer cial transactions at least ninety-two per cent, are credit transactions. One of the most impressive things in mcdern life is the extent to-which CALIFORNIA GIRL GETS BEAUTY VOTE Brass buttons don't mean any thing. in the life of William Hohen zollcrn, Jr., any more. Germany's former Crown Prince is more in terested in Swiss cheese sandwiches on rye, particularly when, as shown in. this most recent picture of the exile in Holland, he had just re turned from. a joyride on his motor cycle. toon-" credit has become interwoven in world commerce enabling us to ex- cand our industries ana our agricul ture to a point that was never dream ed of by our progenitors. Credit A Means. Credit has eiven us facilities for creating a huge national wealth, but we must remember that credit is Dut a facility: it is not itself wealth, and must never be reckoned as a part of the nation s wealth. It must be con sidered a servant of the nation and a mtans for producing capital. We have endeavored to present the subject in a way that would be lucid to the lay reader. Though cred it is technical because of its nature, vet after all. when recocnizine how deeply credit penetrates into the wel fare of every person, no matter whether he be employer or employee, captalist or laborer, we consider it a worthy project to arouse interest in knowing just what credit is and what a big part it has played in modern commerce. School and Home Reclamation. By R. G. Dykstra. y fincipai oj uofe rueuc ocnuuu. Editor's Note. Mr. Dykstra is a graduate of Heppner High School and lived in this city for several years. Truly the teachers are the official bearers of the torch of civilization to the generations which are to fol low. Is there not a pressing need for a higher and better type of citi zenship to be inculcacted in the minds of our growing youth? Where shall we find a better place to begin this teaching than in the little red school house, termed the "ammuni tion wagon to conquer and annihilate ignorance." The need of this recla mation is voiced by Governor Davis of Idaho, who says in part, "Our na tional weakness is in the home. We put too much lime in seeking pleas ure and not enough on the welfare of the home. Our insane asylums, reform schools and feeble minded in stitutions are fuller than ever be fore because of the neglect of the home. Eighty of the 230 criminals in the Idaho penitentiary are 21 and under." A visit to the various reformatories will reveal the fact that nearly all the inmates of those institutions heve been for a longer or shorter period pupils in the public schools; indeed, not a few high school grad uates and even college graduates will be found in those institutions. It is quite evident that the school and the home has a golden oppor tunity to hold out the life-line and prevent crime on every hand. The sound philosophy of Govern or Davis, coming at a time when the very foundation of civilization the home is being threatened, seems timely and paramount. Surely the Searching out the most beautiful girls on the Pacific coast finds Kiss lJonaldine Cameron getting the unanimous vote at Stanford Univer i.ty where she has been starring in ;i i.ak-ur collegiate theatricals. GSSfTvWNG MAN , WHAT tXD VOU MEAN IESS I HtlSE GRADES ARE A BY BRINGING HOME SUCH A f-m- LJl DISGRACE-IM ASHAMED vH WHY WHEN I WAS A IWN' I NEVER KB GEE.POP, HOW'D I v , . , THOUGHT OP BRINGING HOME SUCH f N MOO GET WAY J 5 home is being neglected and, as a result, some of the timber for our gieat republic is being wasted in crime and dissipation. President J. S. Landers of the Ore gon Normal School has the follow ing comment to make: "In these days of lax morality, indifferent con duct, and loose thinking, it is a great satisfaction to learn that many teach ers are interested in the great prob lems of human betterment." Some of the amusements indulged in by youth have undergone the searching test of legal analysis and, as a result, have been found want ing. Any activities that distract the minds of our young people to their irremedial detriment, from important and serious matters or affairs, should be looked upon with disfavor rather than wholesale approval. Shall we have an awakening? We must surely look at things as they are and strive to make them what they should be. May we raise the type of thought and thereby purify the effects. The writer has had opportunity to realize the need of such an awaken ing while serving as a special peace officer and visiting various reforma tories. WANTED Man or woman to es tablish permanent business distrib uting our products. Pays up to $10 per day to the right party. Write Kleen Zo Eze Co., 207 McKay Bldg., Portland, Ore. Alfalfa Hay For Sale. I have a little over 200 tons of 1920 crop which would do for feed ing stock cattle. Will sell cheap if taken soon. Inquire at my ranch, 3J2 miles beldw forks of Butter creek, next to M. S. Corrigall ranch. C. P, Bowman, Echo, Ore. A CHUMP IN THIS TOWN SEZ HIS WIFE'S HUSBAND lb HIS BEST FRIEND. r til I m COPYRIOHr I9gg ruo AUTOCASTI R SKKV CO NEWEST PICTURE OF MRS. HARDING ' Even literally, there is a world peace dove wait ing at the White House to be re leased. It is shown here a s held by Mrs. Har L.,ig in her most recent picture. The ) ird i a beautitul homing pigeon which is to be released up on request by the first lady of the land. Washing ton photograph ers have found Mrs. Harding most gracious and oouging at every request tor a spf-l' rial netam I 1 f Oct (L 'A p V C-.. -x Or4' Heppner Oregon