PACE TWO
THE GAZETTE-TIMES, HEPFXER. OREGON, THURSDAY. JULY 6. 1922.
mr pnmr Timrc ; ej ' ,hcir money ruced t
lil hUr I It" " I Villi f0sal of the Feranve org
IliU Ui.LLI IL I 11 liLU ; (ions is safe. So it arrears th
K HKrrvF.lt GAZETTE. EfMklbM
K HKITNK.R TIMF.S. ErtaKidw
Conilidti ffrurr 15, Hit
Pu'thd every Tfrurniay morning by
Yawtor ana Sncr frawlar
and mtvrrd at th P'loftir ftt Hrpnr, Or
rroa. at arond-clae nutlet.
the dis-
ganiza-
rears that the
state associations ill be in a posi
i tion to meet every wheat receipt
j with an almost immediate advance
j hen the crop starts to move to the
warehouses and elevators. The
Producer.
ADVERTISING RATES CIVKN ON APPU-CATION
SUBSCRIPTION RATES:
On year .
Si aWnttu 1.00
Thre mot. till .74
Sint-t. copitt
MORROW C(ll NTT OFFICIAL PAPER
Farms ArvcrttBin Reprttmatr
THE AMLRJCAN PHt-SS A.XIATK)N
Relief For the Live Stock
Breeder.
The war finance corporation, un
der the direcion of Dwight F. Dav
is, has finally succeeded in proving
its worth, and has turned early bank
ing opposition actually into an atti
tude of approval. Its future work
will be watched with closest interest.
The two bills introduced in Congress
covering the orderly marketing of
agricultural products and financing
of the livestock industry demonstrate
a grasp of fundamentals that means
much for the public whose welfare
depends so much on the farmer. It
is evident the financing of the live
stock industry, w ith its turnover com
ing only once in two or three years
in the case of breeder herds, cannot
best be handled through the Federal
Reserve system, and that new mach
inery must be set up. The antiquat
ed system of thirty, sixty and ninety
day notes obviously spells destruc
tion of the industry. The breeder
is sitting continuously on a volcano.
In times of tight money or at the dic
tum of unconscionable money lend
ers, he must sacrifice his young
stock to meet insistent calls for
leans.
We have now proposed a system
or regional rediscount corporations
to be known as Federal Livesctok
Corporations along lines similar to
the Joint Stock Land Banks. Sur
face examination indicates the plan
will give relief to the livestock
breeder, and encourage rather than
discourage the industry. The propos
ed legislation attempts to provide a
means by which the best quality of
livestock paper, complying with def
inite standards on which investors
may rely, can be used as a means
of raising a substantial amount of
funds at reasonable rates, and upon
terms which will put the ninety-day
bogey out of sight. Every banker
and every interested citizen should
give study to this legislation and
back it to the limit of his influence
unless something better can be
brought forward. The livestock
breeder has been the goat long en
ough. Cafeteria Education.
As some fifty per cent of the tax
money collected is used for pur
pases of our schools and public edu
cation, our school system is receiv
ing the thoughtful attention of busi
ness men to a greater extent than
ever before.
All are in favor of the best possi
ble free public school system. The
day has arrived, however, when
there is a division of opinion as to
how far our public universities
should go in enlarging the variety
of subjects which may be added to
their courses.
Further there is a growing senti
ment against the practice of adding
innumerable free courses in our
state universities covering every
thing from bare-legged dancing to
vaudeville.
The cost to the taxpeyers is run
ning into the millions and the ques
tion is becoming more persistent.
"Are the legitimate functions of
state institutions being exceeded?"
Should the state teach free of charge
all the various courses of the arts
and professions? Should not a pub
lic university concern itself more
with the essentials of a sound edu
cation? One distinguished scholar or bril
liant statesman should be worth
more to a university than thousands
of half-baked graduates, some of
whom owe their degree principally
to athletics or expertness in dancing.
Fewer subjects and sounder would
give us fewer students and better.
The Manufacturer.
New Assault on Lizzv's
Father.
The assau'it by five members of
the House Military Affairs Commit
tee on Henry Ford's proposal to buy
from the government the great Mus
cle Shoals plant serves a purpose
only in that it opens a new angle to
the handling of this gigantic govern
ment enterprise that will arrest at
tention. The protestants charge
that the Ford plan is part of "the
most insidious propaganda that
the nation has w itnessed for many a
day." They contend the plant has
cost the government $85,4S7,900,
and that it is proposed to sell it to
Ford for less than $5,000,000. They
contend the contract does not en
force the manufacture of fertilizer
by Ford, and that this fertilizer prop
aganda has been spread to gain the
backing of the farmer. Further, they
sneer at the plea to labor in stones
of the possible employment for a
million men. The chief cause of ob
jection is, however, that Mr. Ford
does not agree to make fertilizers
at all unless he can make them at a
profit to himself." This is a terrible
arraignment. By what rule of thumb
do these very patriotic congressmen
condemn the moral standard of a
man because he wants to make pro
fit out of a business enterprise. If
we had in the national congress a
few men of sufficient business acu
men to think of profit for the public,
we would not be worrying today
about the Muscle Shoals plant. It
would be operated by the govern
ment, supplying to the farmers fer
tilizers at cost or near to cost: it
might even be fuming out standard
ized farming machinery and putting
an end to the exploitation of the far
mer at the hands of the machinery
trust. Farmers mean food, and food
means life. If the opposition can
bring this about, then by all means
scrap the Ford plan, but if it cannot,
if the country must await the slow
disintegration of the plant, if it must
stand idle until it rots and falls to
pieces like so many of our wartime
ships, if it must follow in the wake
of the thousands of wartime automo
biles, left for months in the open, to
be made junk by the weather, while
our patriots quibble like the three
little Tailors of Tooley Street, then
the sooner we get some action and
some salvage from the incompetency
of our reclamation authorities the
better.
The shocked congressmen say
Ford is not an Alladin plus the lamp.
True, but he is a pretty sound bus
iness man, and his past performance
for labor bespeaks well for the work
men in the future if he be permitted
to turn government floundering into
private energy.
Press and Law and Order.
The Eugene Daily Guard has this
on the Portland waterfront strike:
"Why shouldn't the city put down
mob rule and brutal attacks upon un
armed workingmen by waterfront
roughnecks? Isn't it mainly to en
force law and order that we pay tax
es? The waterfront employers
should have the right to hire any
body they choose to do their work,
and the longshoremen's union have
a right to quit work, as they did, call
ing it a strike against certain work
ing conditions, but they have no
right to beat up the men who are
willing to take the jobs they vacated.
It is one of the inexplainable things
that a city newspaper, possibly to
carry favor with certain elements,
will encourage lawlessness and make
more difficult the task of maintain-
Chartw Na. MS. RM.ro Dittrict N.. U.
REPORT OP CONDITION OP TBE
LEXINGTON STATE BANK
AT LEXINGTON IN THE STATS OP OREGON AT CLOSE OP BUSINESS
JUNE , mi.
RESOURCES
Loans and discount!, including rediscounts shown below, it any
U. & government securities owned, including those shown be
low, if any
Other bonds, warrants and securities, including those shown bel
ment, state, municipal, corporation, etc, including those
shown below, if any
furniture and fixtures-..
,109.694.28
750.00
Real estate owned other than banking house...
Cash on hand in vault and due from other banks, bankers and
trust companies designated and approved reserve agents of
this bank
Total cash and due from banks, last item above. 1S,070.38
Interest, taxea and expenses paid
(.200.00
1.000.00
2,300.00
8,660.68
Total
.1137.865.32
LIABILITIES
Capital stock paid in
Surplus fund
Undivided profits
DEMAND DEPOSITS, other than banks, subject to reserve:
Individual deposits subject to check, including deposits due the
State of Oregon, county, cities and other public funds
Demand certificates of deposit outstanding
Cashier's checks of this bank outstanding payable on demand....
Total of demand deposits, other than bank deposits,
subject to reserve, last three items above 88,477.12
TIME AND SAVINGS DEPOSITS, subject to reserve and pay
able on demand or subject to notice:
Time certificates of deposit outstanding
Total of time and savings deposits payable on demand
or subject to notice, last item above 26.347.19
t 15,000.00
6,000.00
3,041.01
88,274.60
04.11
108.61
26,347.19
Total
..(137.866.32
STATE OF OREGON, County of Morrow, ss.
1, W. O. Bill, cashier of the above named bank, do solemnly swear that the above
statement is true to the best of my knowledge and belief.
W. O. HILL, Cashier.
Subscribed and sworn to before me this I CORRECT Attest:
3rd day of July, 1922. 1 w fi KrnTT
C. E. WOODSON. Notary Public. ?EQ L i in.I.N
M7 commission expires Oct, 14, 1924.
Directon.
Funds for 1922 Advances.
Now it locks as if the most serious
problem of the marketing associa
tions last season would not be a fac
tor this year, that of securing ample
funds for advances to growers after
their wheat is placed in the pools.
The attitude, of Pacific coast
bankers toward the organizations
has changed for the better during
the last 12 months. Millions of dol
lars appear available where hun
dreds of thousands were hard to get
before.
The War Finance corporation has
been given its proof of the fact that
the associations are stable, emcient
lv and honestly operated. Federal
funds therefore should be more read
ily obtained than in the last season
when scores of details had to be fac
ed and solved, even after appropria
tions were made, before the money
was available.
Middle western and eastern bant
ing establishments, too, have learn-
17 PiliSW
Jhe ripfit fuel for
warm weather
Pearl Oil, burned in a good oil cook
stove, saves the housewife a lot of un
necessary drudgery.
No coal or wood to carry no ashes to
shovel out A clean, cool kitchen, with
all the heat concentrated directly un
der the utensils, where it is needed.
No trouble to operate an oil cookstove,
if you buy only Pearl Oil -the clean,
economical kerosene that is refined
and re-refined by a special process
Sold by dealers everywhere. Order by
name-Pearl Oil
STANDARD OIL COMPANY
(California)
PEARL
lK.ERO.ENE)
HEAT
AND LIGHT
TISlIi company j
ing the supremacy of constituted
government in a time when officials
require at least the moral support
of all the better elements and agents
of societv.
fflfflill
S. E. Notson in thii city, departed Fri- , 5T3 Its
day. He will go to Salem where he has j
work for the summer. !
Has Made Fine Car Out
of Fire-Wrecked Cole
Sam Lininger of the Oohn Auto com-
pany machine shop ha? made one of.
Heppners' finest ears out of the Ed Ad
kins Cole Eipht which was destroyed in
a fire about two years ao. Having no
thing but the motor and frame to work
upon, Mr. Lininger has built a beautiful
touring car. making the body, upholster
ing, top and all the fixtures himself. The
car has steel wheels which Mr. Lininger
made himself, and which look as good
as any commercial wheels on the mar
ket. All together, it is a beautiful piece
of work and speaks highly of his ability,
rot or.iy as a mechanic, but as an tuto
mutKe engineer and designer as well.
This is the second car Mr. Lininger
has made from a fire-wrecked car. The
first one was a sport roadster which he
made from an Oldsmobile, and which
was not only a fine appearing car, but
an excellent running car as well. H
sold this car on Saturday to Otto Rob-inette.
For Sale Nice five-room bungalow,
built in features, four lots, garden. Cost
$2100. V,iu take good used car and
taw). Easy terms on balance, $660. Ad
dress Box 417, Hermiston, Ore. St.
.. i ijjfv . j my -.Jto mattd
crltirict,
r ?i Vi? haunt
., auiMuoa.
Grocers
Recommend
Albers
Quality
Albert
Flapjacks
the
hotcakes
of the
West
1 Central Market
1 FRESH AND CURED MEATS 1
Fish In Season g
H Take home a bucket of our lard. It g
is a Heppner product and is as g
good as the best. n
PlilllllllllSlll!l!lllllllllllIlllllllll!llll!lllll!lllllllllllll!IIIIIIIIIHI!IIIIIIiilIIIII!l!III
:i"iiiiii:iiiiiiiiiiiiiiiiii)!iiiiii;ii;i;ii!iiiiiiiiititiiiiiiiiiittt
CHEAPNESS is not the
teSt of Value
VALUE is the test of
Cheapness.
Quality Counts
LLOYD HUTCHINSON
Where fl
They
LEAN
LOTHES
'LEAN
THE GAZETTE-TIMES, Your Home Paper. $2.00 Per Year
MASON
CORDS
Not only lower than other standard tires, but super
ior in quality, uniformity and dependability.
Buying MASONS now is buying tires right. With
this goes a standard of service we're proud of.
ALSO
OLDFIELD "999"
30x31, $9.00 30x3, $8.00
C. V. HOPPER TIRE SHOP
WHERE YOU GET REAL TIEE SERVICE
EKC(UD8D(D)M
FALRES
EAST
Lower than Ever
This Summer
R0UND-TRIP TICKETS ROUTED OVER THE
Union Pacific System
returning same or any direct line
I
I ffol . I
I y P
I Elegant In Appearance I
I Famous For Long Wear
I Sam Hughes Company I
I Phone Main 962 P
Yellowstone Park .$36.25
Salt Lake City 48.82
Denver ... 64.00
Kansas City 72.00
Omaha 72.00
Chicago 86.00
St. Louis $ 81.50
Cincinnati 106.30
Philadelphia 144.95
New York 147.40
Boston 158.35
To other cities in proportion.
Ticket Sales DAILY until August 31
Return limit October 31&
The Union Pacific operates the only THROUGH SOLID TRAIN be
tween Portland and Chicago.
"OREGON-WASHINGTON LIMITED"
Leaves Portland 9:00 A. M.
Arrives Chicago 1 1 :00 A. M. (third day)
Through service also on "Continental Limited."
Every foot of the track is protected by AUTOMATIC SAFETY
SIGNALS. Equipment is the best in the transportation world. Dining
car service the very maximum of human skill and art. The service as
a whole represents the supreme effort of the management to please
and satisfy patrons.
Call on our Agent when you are ready to go and he will do the rest.
Wm. McMurrav,
General Passenger Agent
Portland, Oregon
Service turns
T " The service pol
icksofThePirtt Rational Wank are
the result of long ex
perience and a genu
ine desire to insure
each patron all possi
ble service returns
from his investment
in a close, personal
acquaintance here.
Fir National Bank
HEPPNER, OREGON