THE GAZETTE-TIMES. HEFPNER. OREGON. THURSDAY, OCTOBER 111 1922
BACKERS TOLD OF HEED FOB GRADUAL
Cooking Utensils 7." CLEAIJ
MARKETifiiGDFAGRIGULTURAL PR
For quick results on
all metalware use
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 ;
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A. M. EDWARDS I
WELL DRILLER, Box 14, Lexington, Ore.
S Up-to-date traction drilling outfit, equipped for all sizes of hole . 5
jj and depths. Write for contract and'terms. Can furnish you
CHALLENGE SELF-OILING WINDMILL I
g all steel. Light Running, Simple, Strong, Durable. ' "'
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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 RVSH ORDER! AT OCR EXPENSE
rwtlal Oaaeei raltea OBm
14 H.
Ill R. Wkk ft.
Onlj Employment Office a Easten Oregui with Connecboss ia Portland
The Byers Chop
(Formerly SCHEMPPTS MILL)
STEAM ROLLED BARLEY AND WHEAT
We handle Gasoline, Coal Oil and
Lubricating Oil
You Find Prompt and Satisfactory Service Here
Head of War Finance Corporation Points Out the
Necessity of Extended Crop Loans to Ten
Thousand A. B. A. Members.
MUST MARKET OUR PRODUCTS SLOWLY
WRITTEN SPECIALY FOR THE GAZETTE-TIMES
By Robert Puller
Mew York. October 18. Bankers of the United States are wide awake to
the importance of working out of a more liberal platform for agricultural
and livestock financing. Already preliminary steps hare been taken nnd a
nity of action assured which experienced economists predict are the foun
dation stones to an era of unprecedented national prosperity.
Summed up, the American farmer played a stellar role in the annual
eeaveation of the American Bankers' Association, held here this year and
attended by 10,900 of its members. First, Eugene Meyer, Jr., Managing- Di
rector of the War Finance Corporation, put the issue squarely up to the
bankers in his address, "Financing Agriculture." Then followed the prin
cipal fight of the convention over the branch bank issue. Here again agricul
ture came to the fore, as it was the small town banker, the farmers' banker,
opposed to the branch bank idea of the city bankers.
Farmers and the stock raisers may expect to see these developments:
Loag termed financing which will permit a gradual marketing of crops.
In ther words, loans which can be rediscounted or extended to permit Dom
ing of crops until a favorable market is offered.
A supervision of live stock loan companies in line with that exercised
ever State and National Banks.
Mast Market Our Products Slowly
The need for a more gradual mar
keting of agriculture products
through longer termed financing as
presetted to the National Bankers'
Association by Eugene Meyer, Jr.,
received their closest attention.
"Unquestionably," said Mr. Meyer,
"it would have been advantageous,
even . under pre-war conditions, to
market our products- more gradually.
Under present conditions it is more
than a matter of advantage it is an
absolute -necessity.
"Paper, based upon the security of
non-perishable commodities," Mr.
Meyer stated, "should be made eligi
ble for rediscount for the length of
time necessary to market a season's
product before the next harvest. The
view seems to prevail in some quar
ters that paper, in order to be liquid,
must have a maturity of sixty to
ninety days. But a sharp distinction
should be drawn between short-time
bank paper and the question of the
liquidity of the security that under
lies bank paper, long or short.
"Long-time paper may be more
liquid as to security than short-time
paper. During the past year it was
clearly shown that commercial paper
depends for its liquidity on the or
derly buying of the manufactured
goods, and that this orderly buying,
in turn, depends largely upon a pur
chasing power baaed upon the orderly
marketing of our basic agricultural
products.
Crop Loans Most Desirable
"Indeed, if our late experience es
tablished any definite differentiation
between the liquidity of commercial
paper and of paper based upon staple,
non-perishable agricultural contnodi
ties, properly warehoused, it estab
lished that fact that the latter ia de
cidedly more liquid under adverse
conditions than the former. At no
time were such commodities so en-
tirely unmarketable as were certain
lines of manufactured products upon
which the so-called liquid commercial
paper was based.
"While it is important," continued
Mr, Meyer, "to safeguard the Fed
era Reserve System by proper re
strictions regarding eligible paper, it
is equally important to safeguard
business and agriculture by avoiding
discrimination against paper which
may properly be considered as eligi
ble. Branch Banks Weaken Farm Loans
The strongest point scored by the
state bankers as opposed to the Na
tional branch bank idea, was the
claim that branch banks, if extended
to small towns and agricultural dis
tricts, would be manned by outsiders
unfamiliar with local conditions, thus
making loans in many instances un
sound and weakening our whole finan
cial structure. The Branch Bank idea
was voted down as detrimental to the
beat interests of the nation.
!0U have been walking in the
sunny fields of prosperity. Life
seems secure. Youthand
strength are careless and forgetful. -You
have spent money as you have earned it.
Suddenly a flood of hard luck
comes rolling toward you. f
Will you be overwhelmed by it
A BANK ACCOUNT IS A SAFETY
ISLE. START ONE TODAY!
Dollars deposited In this
bank draw Interest at 4 per
cent. They are safe dol
larsbusy dollars. A small
bank account serves as aa
Incentive to save, save, gave
If you have only a small ,
sum put aside,' deposit- it
with us -today. - All large '
fortunes had small begin
nings. The biographies of all tick
men start with their first
bank account
YOUR BANK CAN HELP-YOU
FARMERS & STOCKGROWERS
. NATIONAL BANK
Heppner
Oregon
FARM POINTERS THAT POINT.
More Lime Used.
More lime ia being ordered by far
mers from the state lime plant at
Gold Hill. It is applied in moderate
amounts after plowing, and harrowed
in. A manure spreader with a little
loose strawy manure in the bottom is
sometimes used for applying the lime,
or a lime spreader may fife obtained
when lime is used regularly. Direc
tions for making a lime spreader may
be had in college circular. Best re
sults may be expected on soils of
known acidity, medium fertility and
heavy texture, : on which legumes
such as clover are to be grown. 0. A.
C. Exp. station.
Bens Peck Pen Mates.
Birds just off the range and plac
ed in confined quarters, as they are
during the winter, should be carefully
watched, for they art likely to devel
op the habit of picking each other's
feathers. The new feathers have blood
at the base which gives them the
taste of blood and causes this habit
to develop. The best remedy is to
keep the birds busy and hungry work
ing for feed, which will keep away
this depraved appetite. Raw bones
with a little meat left on them, plac
ed where the pullets can get to them,
will help. Care should be excerised to
keep the bones from getting stale
by providing fresh ones from day to
day. 0. A. C. Exp. station.
Garden Tract Needs Shift.
It is well to pick out a new spot for
the home vegetable garden at this
time of year since one of the best
ways to prevent the increase of veget
able diseases from year to year is to
rotate the soil in order that parasites
that get established with one crop
may have a chance to die out before
the crop isTagain grown on the same
land. This often takes several years.
Potato ground especially should be
rotated on account of wilt and rhizoo-
Jungle-Man Comes
Wearing Gloves.
tonia. 0. A. C. Exp. station.
Roof Hen House Now.
Now is the time to fix the roof of
the poultry house if it has not al
ready been done. 0. A. C. Exp. sta
tion. Drafts Cause Disease.
. Watch the ventilators and sky
lights in the poultry house and keep
them closed to avoid drafts which
result in roup, leg weakness, and
colds. If the birds are affected, with
colds, tincture of iodine injected into
the nostrils by means of a machine
oil can, after squeezing out the mu
cous, will prevent the cold from de-
SEES SERIES FREE
James P. Hon,' a St. Louis sales
man, was given a complete free trip
to see the World Scries games by
Pres. Baa Johnson of the American
League. Hon explained how Witt,
a Yank player, was knocked uncon
scious in a final -'Si Louis game
when in running be stepped on the
neck of a pop bottle, which flew up,
htrtmg bun in the head.
M(ncleJohn
PAST THE HEY-DAY
The dreamy eyes that ased to haunt
me, have ceased to thrill my time
worn heart; no optic artist now can
daunt me, no matter how she acts the
part. I've lost the keen appreciation
that lurka within the youthful breast
I still have spells of palpitation, but
that's because I don't digest. ... I
hate to own that I'm a cynic, that I
hare old and crusty grown, but I can
pass the eye-brow clinic, the same as
if I'd turned to stone. There's noth
ing to the pensive languish that
Maude turns on at aweet sixteen,
and still, it used to cause me anguish
when I was callow, fresh and green.
. . . . I've reached the age of sere
and yellow; I've grown to be a sort of
crank. You know the years will gird
a Teilow like iron hoops around a
tank. I envy not the mushy youngster
tnat flounders in romantic stage. I d
rather be a whiskered songster, and
smear my dope on printed page.
veloping into anker or roup. 0. A.
C Exp. station.
FOR SALE Gasoline woodsaw in
first class condition. Price $76.00.
Can be seen at store of Peoples Hard
ware Co., Heppner.
October Special Weed tire chains,
sise 30x3tt, regular (4; extra heavy,
Jj5, at Heppner Garage.
HOMEY PHILOSOPHY FOR 1J23
If industry is to be revived, we need
the alien mob to work the mines, and
do the rest of the toil that must be
done. Therefore we should let the
aliens in." "If we want the wheels of
prosperity to turn, we should keep
the American workman free from
competition from Europe. Therefore
we should keep aliens out." "If hap
piness is to come to the land we must
seek an education citizenship. There
fore we should have a strict educa
tional test for the alien." "If we want
peace on earth we should safeguard
our shore against intrusion from cun
ning agitators found among these
THE FELLEA VJHO TALKED ABOUT
MELANCHOLY WCYS WASN'T
THINKING - ABOUT PUMPKIN
pie:
highly educated but destitute foreig
ners. Therefore we should admit only
workers who are built for work." Try
these recipes for political speeches
from your cart tail. Any one of them
will get a round of applause. You
can always fool the fellow who konwa
only "We, Us A Company" and never
thinks of You.
C per cent loans may be secured for
any purpose on farm lands, irrigated
lands, to buy or build homes, city or
farm, under our first mortgage certi
ficates. Bankera Reserve Mortgage
Company, Gas & Electric Bldg, Den
ver, Colo.
Tells Bankers of
Rural Needs.
Eugene Meyer, lr roassacsar of
the War Finance Corp toed Sea
thousand national banker! at How
York last week that oar Fedeal
Reserves system should be bout
to properly care for
and live stock needs.
, by
IevMA. !ATraEVS
DiD. LLD."
irvi
in I II
OUR SIGHTS
The Constitution of the United
States - guarantees to each certain
fundamental rights. Those rights are
to be exercised within (he boundaries
fixed by law.
No man can assume to be, the law
in the exercise of bis rights. No man
has, liberty except the liberty that is
guaranteed to him by law while he is
within the confines of. absolute obe
dience to law. When he steps beyond
the confines of law he causes to have
rights except the right of a fair and
impartial trial by an impartial jury.
We , seem to have forgotten , the
Constitution and have entered upon
S policy of abuse of the rights guar
anteed to -us-under the Constitution.
The Constitution guarantees to us
the right of free speech, That means
the right of appeal, -of petition, of
protest, of trial, and of constructive
amendment to the Constitution ac
cording to the rules of law. No gov
ernment, civil or military, can deny
us the right to petition, to plead, or
to protest.
This provision of the Constitution
is abased today. The term, "Free
Speech" is interpreted to mean un
bridled license to talk.
There is a vast difference between
speech and talk. There is a vast dif
ference between petition and un
guarded, treasonable, and blasphe
mous utterances. We do not need
any more free speech. We need fair
argument, honest statements, and
truthful utterances.
The Constitution guarantees to us
a free press. That means the right
I to own and to publish the news if
published accurately, truthfully and
fairly.
It means a press beyond the dic
tation of any power be it political,
military, or financial. We need under
that right a fair press, an honest
press, a truthful press, an accurate
press, an unbiased press, and a press
that recognizes that the reportorial
and news columns belong to the pub
lic in which utterances be fairly,
accurately, and truthfully reported.
The Constitution guarantees to us
the right of amending the Constitu
tion. But it must be amended accord
ing to the Constitution's rule for
amending it.
The Constitution must be respect
ed, obeyed and followed if this gov
ernment is to stand.
Jl. ' 7 ' '(I,' D (1 III C L 1 ( vWll fAWw't WIC ) ( PRACTICE WBABlNu YOUR COAT )
S 1 C,,r UUUIl faVV"reCHea rVfi0WIH- veRY J M THE HOUSE SO YOU'LL LOOK, f
'f' " Mr mm peomeo) . m. bott. , S " . .
& y 7 W'lVVj w P- ANOTHER. I) wHA15VMUl00U .OMTHNi SNAPPY1. 1 ji i f WOAE
"ty y: -i ascTtwt MFOM H n K9 e L.pLAV TURKCY J . .ts.s
Th;. . nw and mncf rerent
picture ot Battling ami, me turns
Algeria iunsle man who knocked
out " the European champion,
Georges Carpentier, in six rounds
at Paris, and is now coming to the
U. S. He wants to fight Dempsey,
but will be forced to show his class
against some lesser light, maybe
SAPOLI0
Quu Scours Polishes
No
waste
HWarrarM tasca Mertaa's Seas Co.. Hew Yerk, U.S. A."
Large f'ZHL--
cake r" 1 i
Good Printing Is Our Hobby The Gazette-Times
NEW PRICES ON
MASdDN Cl!SD)
MASON CORDS HEAVY-DUTY OVER SIZE
i " i
SIZE PRICE SIZE PRICE
30x3'2Cl. $13.95 32x4 $30.75
30x3'2s.s 15.80 33x4'2 31.55
32x3'2 19.35 ;34x4' 32.40
31x4 23.10 35x4'2 33.20
32x4 24,50 33x5 38.95
33x4 24.70 35x5 39.95 '
34x4 25.35 37x5 42.10
FORD OWNERS!
Remarkable Prices on Mason Oversize "Maxi
' Mile" Fabrics
30x3 - - - $9.25 30x3 2 - - $10.60
C. V. HOPPER TIRE SHOP
FOR REAL TIRE SERVICE
KIRK BUS & TRANSFER COMPANY
WM. M. KIRK, Proprietor
Prompt and efficient service at all times, both
day or night. . Leave orders at Hotel Patrick
or Phone Main 664.
BAGGAGE : EXPRESS : FREIGHT
COUNTRY TRIPS -:- GENERAL HAULING
HOUSE CLEANING
M
Galls, among other
things, for a -good
Broom
We have just received
a large shipment of
excellent brooms, at
remarkably lowprices
quality, considered.
A white enamel broom
holder free with each
f helps wocery I
. PHONE 53
ompany
narry vrco or sua nonui.