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About The gazette-times. (Heppner, Or.) 1912-1925 | View Entire Issue (June 29, 1922)
page ram THE GAZETTE-TIMES. HEFFNER, OREGON. THURSDAY. JUNE 29. 1922 HALF A SQUARE MILE OF HOMES BURN DOWN L. MONTERESTELLI Marble and Granite Works PENDLETON, OREGON Fine Monument and Cemetery Work All parties interested in getting work in my line should eet mv Dnces and estimates Detore J j placing their orders All Work Guaranteed S-StJ v-v irU'i y, . .r -v tjUi :t:ia "JW'tsiw, ' ., . . . . IllljUncle John - " UP TO PATE. ! read the old-time fable of the tortoise an' th hare, alone with other lessons that impressed me; and 1 have often wonderd if the tale was really on the square, when fast-trottin' fellers tried to beat me. . . J never craved to linger like the turtle, in the mud. . . . I never tried to learn the leisure habit for. a little squirt of gingerj circulat- in' through my blood, has made me want to travel with the rabit . .The lather bellied turtle makes a nightmare of my dreams. . J never could admire his blasted snappin'. . J don't remember cussin' when I yanked him from the streams, but sech a thing eould very Arverne-by-the-Sea. one of Long Island's most most thickly populated summer resorts, is practically destroyed as a resu'.t of a fire that started in the big Hotel Nautilus. Thousands of people are homeless, great amusement parks are swept out of existence, the Long Island Railroad station is no more, firemen from New York, Brooklyn and all adjoining villages failing to check the flames until a wholesale dynamiting of homes was resorted to. Picture shows an entire street of cottages on fire at one time. The Byers Chop Mill (Farmer!? SCHEMFPH 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 Pioneer Employment Co. With Two Big Offices PENDLETON AND PORTLAND Is prepared to handle the business of Eastern Oregon better than ever before Our Specialties Farms, Mills, Camps, Hotels, Garages, Etc WIRE RCSH ORDERS AT OCR EXPENSE Portlaaa One FaaitelM Os.ee) 14 If. ScesBd St IIS & Wee It, The Only Employment Office in Eastern Oregon with Connections in Portland Community Service FARMERS HEED MORE I Present Conditions Rush Him to a Mar ket That is Not in Favorable Condition. -iiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiiliiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiirii I A. M. EDWARDS t 1 WELL DRILLER 5 Lexington, Ore. Box 14 I Uses up-to-date traction drilling outfit, equipped for i all sizes of hole and depths. 1 WRITE FOR CONTRACT AND TERMS 1 niiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiitiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiuiiiuiiiiiiiiiiiiiiiiiiir; War Finance Corporation Points Oat Method to Relieve Hard Pressed Producer. BY EUGENE MEYER, JR., MANAGING DIRECTOR WAR FINANCE COR PORATION. Editor's Note: Eugene Meyer, Jr Is managing director of the War Finance Corporation, an organization that did much to help relieve a situation that at one time threatened more than "hard times" to the entire agricultural inter ests of the nation. His investigations have led him to believe that present methods of marketing and financing the farmer are not satisfactory and are in' jurious to the best interests of the en' tire economic structure. Between the fanner and the man who eats the farmer's wheat and potatoes, or smokes his tobacco, or makes his cot ton into shirts, there stands an intangi-1 ble but formidable barrier time. Over ninety per cent of the wheat in the Uni ted States is harvested in June, July and August; but it may take a year for it to get into the bakers' ovens. Over ninety per cent of the tobacco is har vested in August, September and Octo ber, but the smokers puff away as hard in January as they do in October. And so it is with most of our staple agri cultural product' between production and consumption there is an interval that may stretch out to a whole year or even longer. Here is a fundamental factor in the marketing of the farmers' output that perhaps has received too little atten tion. The American producer has grown The Corner Stone In every structure is a headstone from which is determined its strength. In the structure of savings it is tried and proved 4fo which stands for all that is safest and soundest A young artist unversed in financial matters returned home from a business trip to find his mother had invested her savings in a promotion enterprise which offered a very tempting 9f0j "It '8 no good," he said. "But you don't know about it yet," said the mother. "I know that any 'outside' investment wherein anyone with small capital can buy stock and which offers more than 6 has an el ement of risk in it which you can ill afford," he replied. Two years later events forced the mother to sell and after all the "special clauses" had been observed, the interest she received on her money was less than WE PAY 4 PER CENT ON SAVINGS. FARMERS & STOCKGROWERS NATIONAL BANK Ileppner Oregon accustomed to disposing of his crop shortly after the harvest, leaving to some one else tha task of providing storage facilities and the necessary financing for carrying it until needed by the consumer. Such a system may work smoothly so long as those who as sume burden of taking care of the time element in tha marketing process are fairly sure of good returns. But it may break down when the fanner needs it most, when, because of uncertain mar kets and unfavorable business condi tions generally, his bank calls in the note on which he has secured funds for his producing operations. The fanner then is left to hold the bag. He may have cotton, corn, cattle or other pro ducts sufficient under ordinary condi tions to meet his obligations, but he needs time to market them in an or derly way. And because, in the good years, he has depended largely on oth ers to take can of the time element he has on the whole, developed no ade quate machinery for taking care of it himself when adverse conditions make it necessary for him to do so. A New Situation. Dunns' the oast two years the agrl cultural producer has been confronted with a new situation a situation brought about by the war and the changed economic conditions resulting from it. He and his banker have been forced to assume a considerable part of the burden, which in ordinary times is distributed all along the line, of car rying and financing his products for a longer period until the American job ber, wholesaler, manufacturer and re tniler, or the foreign buyer, are ready to take them. Cotton is our ereatest agricultural ex port commodity and the market for it depends entirely upon the demands from abroad. As a result of war, Eu ropean buyers changed their buying practice. They had been accustomed to take eighty per cent or their annual needs in the first six months of the cotton year; after the war they began taking only fifty per cent in the same six months. On account of fluctuations in the rates of exchanges, they were unable to calculate, with any degree of accuracy, whether they would gain or lose by buying ahead cotton whicfi would have to be paid for in American dollars and sold in terms of depreciated European currency. So, instead of lay ing in the greater part of their annual supply shortly after the harvest, they bought only to meet the current needs, spreading their purchases over the year. This left several million bales for the American producer to take care of until thev were wanted abroad. He had to wait from one to six montns longer jor his money. He had not calculated on this waiting. The Cotton Action. With tha economic activity and buy' In? nower of the e rower seriously im pairea, me wnoie couon pruuuema v tion of the country was disastrously af fected. The way to relieve tha situation was to put the producer in position to market hia eron over a lonirer nenoa and, at the same time to go on with his regular operations. With thia end in view, the War Finance Corporation fi nanced, under its export powers, the shipment of considerable quantities ol cotton to foreicn warehouses, there to be sold to foreign buyers lor cash as it was needed. This action was lonowea bv a loan of 15.000.000 to a Mississippi co-operative marketing association to fi nance the carrying ol luv.vuo naies in public warehouses in the United States until it could be shipped abroad in an orderly way. Within a snort time sim ilar arrangements had been made with other co-onerative associations, and these transactions, in turn, were follow ed by agreements to make large ad- BOLSHEVISTS RIOT IN NEW YORK "4 jtft fil l ) , A 4 ' 'fit " , . '! II "-4 LIGHT TRAVELS ItfCONCEIVABiy EAST UNTIL IT ENCOUNTERS A HUMAN MIND. COPYRIGHT lOge PU8 UTOCSTCR SCRV. CO easy happenl I wouldn't give a nickel fer a tub of turtle soup I wouldn't skin a reptile fer a dollar! In fact, if I was starvln', I wouldn't give a whoop fer all the creepin' varmints in the holler! I never race with nothin' in the gutta-perchy class, as they did when I was filled with youthful readln'. . . .I've got a reputation as a little hard to pass, though I yet have paid a fin fer apeedin'. Train Passengers are Rowed Ashore I Ai vi - r - gar jr i r j .... . "?A'r!.l httnttr nscsFnoers haretv escaped dc;H last weeV when flood waters swept the. railroad tracks near the Erie tunaet at Syracuse, N. Y. Passengers had to be rescued in boats.. Many broken skulls and blackened eyes are seen in the big city as the result of a battle between the police and 3,000 Bolshevist sympathizers, when the crowd insisted on boarding an excursion boat at Battery Park to hold a rally of the reds. The untamable photographer caught the scene in the middle, at the height of the scrimmage. vances on cotton to other co-operative marketing organisations and to banking and financing institutions throughout the South. When it became clear that the -cotton grower would have time to market his output, that the crop would be adequate ly financed, and that he would not have to dump it on an over-loaded market in order to meet his obligations, the whole business outlook of the Southern States was changed. Depression gave way to hope and confidence, manufacturers and merchants who naa neia oacx Degan to buy, the fear began to go out of the situation, and the resulting improve ment was reflected throughout the cot ton belt, as well as in other sections of the country. As to Live Stock. In the financing of the live stock in dustry in the West, the normal length of time required to bring growing sheep and cattle to maturity has not always received sufficient consideration. When the Agricultural Credits Act was passed, August, 1921, the situation confronting the live stock industry was decidedly acute. The breeding herds were being sacrificed and young stock not remly for market was being sent to the block, endangering our future meat supply. But the act gave the corpora tion adequate funds and authority to deal with the problem on a comprehen sive scale, and during the past four or five montns it has authorized advances on live stock aggregating nearly $60, 000,000. Under the Taw, loans may not be made for a period of not to exceed one year, and these loans may, in prop er cases, be extended for an additional period of not to exceed two years, thus giving the stockman time to carry through his operations without the ne cessity of sacrificing his immature and breeding animals. One outstanding development, already an accomplished fact, is the establish ment of new live stock loan companies in the principal stockgrowing states. The corporation has encouraged the bankers and business men in these com munities to form such companies, each with substantial capital. In order to make its resources readily and effect ively available in tha emergency. In the Corn Belt. In the Corn Belt, many farmers make it a regular parctlce to buy young live stock; and feed arid fatten them with corn and other field products; in other words, to send their crops to market "on four feet." Normally, about eighty fier cent in the United States is fed to ive stock. And this process takes time. For instance, it requires from eight to ten months to fatten one-year-old steers for market, and calves as long as a year. The fanner, with his barns full of corn, needs considerable time if he is going to turn it into beef, pork or mutton. The corn crop in the last two years has been extraordinarily large, the total production amounting to approximately 6,300,000,000 bushels. And the collapse in commodity prices tied up the bank ing facilities in the corn belt and made it impossible for the farmer to finance his feeding operations in the usual way and in the normal volume. He had been accustomed to feel that when he had a good crop most of his troubles were over, but he suddenly found that they were only beginning. He was not hi position to finance the marketing of his commodity over a longer period. He could not get even his usual accommo dation in the way of funds for the pur chase ol' feeding stock; and it began to look as if there were only dark days ahead. Some Figures. What it means to agriculture to be In a position to spread the marketing of its output over a longer period of time is indicated by the difference in the out look for the corn belt farmer in Octo ber, 19V1, when the War Finance Cor poration began intensive operations in that section, and in February, Wl'i, when those operations had had time to mako themselves felt. In October, corn was selling at country elevators in Neb raska and Iowa at about 20 cents a bushel. In February it had risen to fifty cents and reports indicate that far mers were getting the equivalent of eighty to ninety cents for corn market ed through live stock. The man who Is in a hurry to sell is at a great disadvantage. And this has been the customary plight of the agri cultural producer. As soon as he has a crop he la under pressure to sell. Either he has to meet a note given to cover his last productive effort, or he needs ready money to buy supplies and equipment for his next operation. For one reason or another, the necessity has been almost imperative to market hia output as soon as possible after harvest. At harvest times the national market is crowded so to speak, with farmers anxious to sell. Products are abundant and prices relatively low. Six to eight months later, when the consumer is be ginning to think about supplies for the rest of the year, prices are up and the farmer usually has to sell. It vfould be better for the farmer if he eould spread his marketing over a longer per iod, because in the long run he would probably get more for his crops; it would be better for the railroads, be cause it would mean a more even use of transportation facilities; it would be better for the consumer, because he would have more assurance of getting supplies at stable rpices throughout the year. HOMEY PHILOSOPHY FOR 1922. Once a barber asked his customer if he wanted a close shave or not. Then he set to work and said: "How's the soap?" "Finest I ever tasted," splutter ed the man in the chair, an' the fight was on. Come to think of It, we can all have the best barber in the world if we want We can pick the fellow who won't tweak our noses, a careful chap that won't stick his thumb in our eyes, who will use just the amount of bay rum we like, powder us off to a. nicety an' turn us out without a kick'in the world. We can shave ourselves. Uood oil self is a wonderful bird when you want things done right. Mr. and Mrs. J. O. Turner spent the week in Ileppner, being here to take in the Chautauqua program. 1 1 YOU OOH'-T KNOW WHAT TOOO, BH? 4kfi H O AA F WELl TOU CM SIT B.6HT THEfce AMP ) j SWEET 0 -7; it hy Rev. MA. MATTHEWS D.D..LL.D. Church Detractors It is an easy matter to criticize. Any fool can find objections. Any Idiot can strike a match, light a fire, which will consume a mansion. Many people were born In the objective' case. They never escape their cra dle. They spend their days kicking, objecting, and complaining. They are just common, olfensive, ever-present, Eradicated nuisances. They are constantly talking about the church, what she is doing, what she ought to do, what she is not doing. They work incessantly at the busi ness of trying to detract from the church influence and power. FIRST They say the church is declining. But they do not tell you that they are looking at a few fallen trees only and not at the whole for est Of course, there are dead trees in the forest Of course there are dwarf growths in the great garden of vegetation. They ought to be there. That is the place for them. There are objectionable, or bad peo ple in the church who by their lives . are misrepresenting the church and reflecting upon their own member ship. But they are not the whole church. They are a very insignifi cant part of the church. There are hypocrites in the church. There are hypocrites in ev ery department of life. But there are fewer hypocrites in the church than in any other department of life. The word hypocrite means, playing a part There are very few actors in the church. There are heretics in the church who have followed the rationalistic teachings of demon-directed German professors, and have strayed away from the spiritual doc trines of the infallible Word of God. They are very few in number, how ever, compared to the great body of Christians. SECOND They say the church Is pauperised. But they do not tell you that those who have refused to sup port the church are among the ra tionalistic heretics. They Ire the real ones who have under rational istic teachings become so material- till ;-,. w W I M istic that they would rob the church of her sacred vessels for their own banquet of selfishness and blas phemy. Such heretics are the real dofraudcrs and detractors and ex ploiters of the church. The real saints of God are giving more money today than ever before in the history of the church. They are supporting the whole program of Christian ev angelism. THIRD They say the church is not spiritual. But they do not tell you that the worldly and unrighteous in the church are the disciples of the rationalistic teachers of the in famous doctrines fo the demon-created cults that are today thriving up on the credulous and silly minded. Such are a disgrace to the church because they have given up the spir itual for the worldly, the elfish and the sordid things of life. FOURTH They say the church Is not paying her ministers. But they do not tell you that tha only ones who are refusing to support the min isters are the hypocrites, the Bolshe viks, the Socialists, the heretics, and the infamous Germanized rational ists who have crept into the church without the wedding garments. Such , are the only ones who are refusing ; to support the Gospel, pay the mln j latere, or give him his due place. o,.i. ... fl.. .IJ t t. detractors and perverters of tha church life, influence, and service. They are void of every sense of spir itual obligation. Such members are a curse to the church. But they are not the whole church. They are but an infinitesimal part. The church and her spiritual mem bers are better, stronger, more hope ful, more generous today than ever before in the history of the world. Let the Infamous church detractors take notice. Their doom is approach-' ing.