Image provided by: Morrow County Museum; Heppner, OR
About The Ione independent. (Ione, Or.) 1916-19?? | View Entire Issue (Aug. 1, 1930)
tin -- riti lAttr iimrnritrrTT i vth relatives mil friends in ' Vdumelte v.tlley. J I Mrs Alice McNnbb and Mr?,' Ohns Jewell returned last F iay from a pleasant outinjr at N w i.mr( On Surda, Mr. ami Mis x Fitk of Kennewick, Wash Published Every Fridjy by W. W. Head, Ediiot J.b:isl.-r. SUBSCRIPTION One Year S1..M) Six Months 0.75 VI t...L. ft Ml intton. nvikrid over ro- a brief ; i i at the MoNbb home ml, I vh-'n they retuuud they wne a; otnparicJ by Mr. Jewell, Mif. I lewe I reniRiiiii h fur a more t x (."ruled stiy with her mother.! M-s. MiNibh. ; Joy Helle Gu'irk, who is Ktay h at :tu? KeiihU Hlake home ;he t, hn i as htr ciiest la t week .Miss Lila Feltnrre of Grams i IVs. Entered as second Class imiik nt the postoffire at lone, Oregon, under ait of March :t, 1S;9. Friday, Aug 1, 19C0 RESERVE SYSTEM'S DIVIDENDS ANALYZED Bankers Find Increased Pay ments to Member Banks Would Be Small Inducement. ! Mr. and Mr. K .ison .Vorjiar. i nd Mr. Mrs. l Harnett and! chi dren mctore.1 to Portland Utt ' i we k, returning Situ day. 4 v 'i Vvi . x it. X IMI.KVHEOT CUW j7 Cark & Linn at the horn "ol Mis ( -oigtdn ph, Mia. Omar Ui-tmH n tihi omr : Carpenter Work, Painting IV excviimt iMiiimittef wok tion!pcr Hanging and General Ke mitkmtf an outltnf for future l.io . ... . kuh,h. .pair Work AnhourofbiUsefclUelthej lone, Oregon, business ineetnnr. Ketu'shments , oi ice crtam and wufuru wire! ,-oived. ; OMf oltject of the club i to eiuiur niotbeis to brinw tbeirj i,hildrt,n.,There wt-re twelve chilj dien present who enjoyed out! door girt ti. Luius present were: Mrs. G.o Grosi, MrH. Henry Gorier, Mis. Uiy Brown, Mr-. Omkrllietman. Mrs. Victor Uit'tmann and Mis. j I'J Iwd. Kietmann. THE FATKRNITiKS kin. M'. I'Uu.ond I'g'ow nf Baker wm hNo ne etit, bilrg a special iiuBt. It fresr.merll ' ioooievm hixI co kh ( w se d m the cl'ine tif a very pliHni alieiuoon. f4fl).4.4.4 tt V bank in the Federal Reserve Syste:a i lhe r ''et f ,r '!,,r!'an 8 Bhould participate more largely In lti ti the city v; to pTch;i-'.e a new I net earnings tnroupn an increase M bu, for c , a, s ltj.,n , the dividend rate above the present , , , ., . . , fixed per cent "would he a wy : chool child-i tit Av r;Utefor umall financial inducement" to tliwr., Vhich be va " l' a8 " ' "it li declared In t recent itudy of thi.he con;ract W;... "i;, t e Cty. subject bv the Economic Policy Con . , Jl rnlMlon of the American Banker A JIr ani1 Mrs. Morgan visiU d t eociation. This 1" -''own, the c- im!:- hJ h mes t:f a , Mrs. CI.S8. aiou says, by a tt.or;tfl f-irr.- t. n m , i ,.. i ... , . the basis of the rt six yc, .,. ot c', ' d 11 '; 8nd Mr 1:11 k ditlonal earnings iliat would bj i.:. . !u 0:1. ;Jr. an J-Mr j. Ba bursed to member bank during th-3 ristt visited Mr. Ba ni-tl'sm lhe next six years under two plans Intro ' v j . , dnced in bills before the rnlted Slat .3 Norc and n li'et'e Senate. . :i ll '. Im.) her, M:s. L(tan Mr, "The Fletcher bill provides t-t ;a nt tt drove the xeuerai neeerve budk earninxs. cue. ... ...... . i oa a.-mm;.T T present per cent dividends to me-r- "'' 1 ....u. - j bers and completion of a 100 per cent 1 Lixton Mc!nir r., J- or for a party of Camp Fire pir's 4 surplus, should all be distributed n . ' ' iut Miss Balsiser deemed it bet extra dividends t.i the stockholder D'esKm',n nfJ . Mclor ke. h . ... 'A7 UrlA-h -i j For-Ttcr uiiJc.U cf Monuw Co.! a.ul now sbnJanl btrrtr f the G 0 P. j he - ptsitton on the Iiih school j fa u '. ;:i i i ,",rst8. will be! Cook willi Gas. See Hcrt Mason. PROFESSIONAL ! CADS i STRAUSS & CO. Grain Dealers, of Portland, Oregon Will Be Represented this Season by W, M. Eubanks It will pay you to see him before ou; t sell your wheat. i ! it...ttt. it ntttttt tt tin com.' iK 1 1 i .? t: Mr Ivnn Keni M;.. l lvh Balsii cr rec ntly n- ceivcr1 a te'ejiram ficm the Y, Y. i.ew bus on,1-" A- Rl t ortlaiiJ. ofjennsrher DR. J.L CALLAWAY Osteopathic Physician Oilman BuiKliny I'hoiw 93 ltt'bMr, Oifga stookmnn of th Ilcrk Creek sec , 0 remaln ln 1.0ne u,f Pen,rB . o her chool in Riverlon and con ' w in luiiijioiij n ill! IIHI IHn C . . A ti -e wie instruction of her swim . . extra dividends to the stoekholik banks," the report says. "If the er. lags of each Federal Unserve hi ..... ...IVi.l.J It. . ... . ii ..i. i Ourdy, visitedtheUavidfOnrari-i uci 3 iucid nvutu un nv film tinr dends In the Boston. New York. Phil .- Monday. Mr. McMurrav, Mr. Mf' C aSiit's ,lert'' aclelpwa. Cleveland, CMcngo ana sai Konke were appraisers of the Francisco districts during tlie ner.. I . six years, but the other six Fedorrl r-'al estate and personal prop-rtj T.eserve Banks would pay annual er.' of the Davidson estate, trs at the following rates: Richmond, .0S per cent; Atlanta, 4.09 per cent; Mrs. V. P. Prophet has pur St. Louis. 3.50 percent; Minneapolis, ciasefj, Mr. Helen Farrfl.s' in 9.51 per cent; Kanas City, 5.4S pv i . . . . , . r.t. iv.ua. m.HNi.i . t Test in the lo ne Uestajrant. -If the earnings were pooled an! ! The transfer was made Sattl-,43) ice,ved tt,,i e in 'he 0 pital at J t: ll out to all members In all district j ' . . . . . I The Dal! 8. it ca.:U memoir v.ouia receive an av; ' " mrns n;ti rr-'-.Tt' aje annual extra dividend of .7$ p; r cent. Under this plan no franchl. JACK FERRIS : Derma tician : It pays to Kick well. "Specialist in Bobs" C. L. SWEEK x Mrs Ftei N chdnon returned, S'in lav, to the home of her moll. r, Mis. Kati- Pettys, on Willo 't "'ie-k. Mrs Nidh.ison isstiilaui r i .. Fhe did t.o rtci". tnucb ber First Nalional llank BIJg. -tit from the treatment sbe re Heppner, Oregon i i t Before contracting or selling your wheat it Will pay you to .see L. Balsiger representing B. G. and Co. lone, Oregon t t tax as now would be paid by the Fed eral Reserve Banks to the Fedenl Government. Another Plan Analyzed "The Glasa bill would provide that, after present 6 per cent dividend?, one-half the remainder should be paid to member banks as an extra divi dend with the residue going to sur plus and Federal Government as frsn ch!?e tax. The average annual extm to members would be as follows: Bos ton District, 2.51 per cent; New York, ,4S per cent; Philadelphia, 2.05 per j cent; Cleveland, 2.09 per cent; RIcl ! j mend. 3.26 per cent; Atlnnta. 4.67 pe." J cent; Chicago, 3.20 per cent; St. Louh, i 1 2.02 per cent; Minneapolis, 4.73 pc? cent; Kansas City, 2.71 per cent; Cal las. 3.31 per cent; San FrancLsco. 1.S7 per cent. "If these extra funds wer3 pooltd tha roeult would be an extra average an nual dividend of 1.73 per cent for eacli member. Under this plan the sy;-ten would still pay as now an annual frar chine tax, amounting to $1,941,001 ra the average."- Br way of concrete inFtanee, tlio report says, a member bank having capital and surplus of $200,000, there fore holding Federal Re?erve Bank stock amounting to $1,000 on which It !s receiving $3C0 under the present 6 pr cent dividend arrangement, wou'.l with the addition of each 1 per cent to the dividend rate receivo an addi tional income of $00 a ye?r. "If earh member bank will figure out for Itself the dollar-and-cent gain It would enjoy we aro confident it will be agreed tl::.t lhe gains sro .m-ll 03 against the c: .?.iy disadvantages vhich can be jjla'cd out," II concludes. ATTORNEY AT ix4 law. Ill lOINtCASH MARKET i!t - - i in i . 1 i Dealers In Fresh and Cured Meats, Butter and Kggs. ll.'l V Eat At The i ill W FARES It A 6. EFFECTIVE MAT IX TO SE?T. J RETURN LIMIT OCT. M, 19)0 Reduced fares all parti of eait; liberal (top overt. Fin tr. in; modern equipment; splendid service; scenic rculc Short tide trips enable you to visit UON NATIONAL PARK. CHAND CANTON NATIONAL PARK BRTCE CANTON NATIONAL PARK YELLOWSTONE NATIONAL PARK GRAND TETON NATIONAL PARK r.OCKY MOUNTAIN NAT'L PA.1K Information and BokJts on request y m i m BOL'.ND TRIP TO Drvvra ..7.io OMAHA 7l.t KANSAS CITY.... 7J.SO St. I OLIS M.8I Hit AGO M . IHTHOIT lIMt.ll CINCINNATI 10S.7I M VV ORI f ANS..III M C I I VI I ANO Ill 17 VOkONIO 1IS.7I a i i.an ta , M...no. rrrrsHURf.il ,..m.i7 UASIUNf.TON ...118.17 rillljlf I I HIA I4H.SI NHW VOBK.....l5l.t BOSTON ...147.07 J. V. Howk Agent, hn;, Oregon. TT.' 1 Additiciul Local Mr. and Mrs. Edmond Bmtov. and two children retuanfd Tu' day to their home in Ii ker. The? had been BpndiriR thei-- vacfitict with home folks in I me R'r. Bristow ho!''R v, g n) j uitir n i the John A. Trot t' r fienl 'h Fuid ishinjr Store in Haker. 'I hey wrre Recompute I on the nturn tiii by Miss Lucile Bristow .ho will! BDend a few we-ks at the h me of her brother. Frienls hre have received in formation that Aivin E Harris wasdrovn'd while tourinir the te of WafhinRton. Mr Harps was an old friend of th Lec belter bovsand recently visittb Haze LfdbetUr while enronute fiom his home in C'i ornia to point in Canada. Theaccldent ' ar r enr d before Mr, Harris reached Cans da. Mrs. M. Jordan returned Lome ! GOODYEAR. TIRES haze all the i; ml qnalittivs, Materials, Workmanship, And If "M Price. mm W -f IS. .Tf" , J ii j . r.rr "Klkhorn Restaurant" Coed Meals Best of Sen ice Lunch Counter Physician AnJ Surgeon Oflice In Masonic Building Trained Nurse Assistant Htppner, Oregon v v u I t We ,iuy Cream for Swift & Company. :; " t W hy not bell i our Ucxm m Vour 1 loine Town? t ii ri. T T " li Real Estate Insurance I - - Peterson Brothers t T T . i "I : A. B.GRAY ID. Physician & Surgeon lleppnsr - Oriji Classes Filled i F. H. ROBINSON Attorney & Counselor At Law W III IThcIIch In All The Courln IONE OREGON f r . , .1,1 Foa Automobile Service & Accessories go to INDEPENDENl GARAGE lone - Ore. J Dr.J.H.McCrady Dentist X Ruy DIAGNOSIS Office; Odd Fellows Uld'tf. Heppner Oregon "TararasbiT- EXPERT WATCHMAKER AND JEWELRY REPAIRER Heppner, Orejjon. Dr. C. W. Barr nF.NTKT 'hone M 1012 . Case Apt. BIJ. ' Heppner, Ore. t ?f "ILNE BLACKSMITH SHOP"; - m m m m m a Jl lr We arc nrrnnrpd In t.k-p r.ir nf vnnr l! H shafting requirement hy the installation of an $ electric key way machine and a stock of shafting W in a wide range of sizjs. We also have a list of second hand combines for sale. Agency for the Harris Manufacturing Companies new combines. tat J. P. OMeara, Proprietor rJJ Itttrtt'trtUnitt$t.$tttttt$tttttU;tSMUiUttntt .1 T A 1 .,tt. ' " A" ' :: 4 Hotel I one I t cater to the patronage of those who wish first class accommodations. Cole Smith, Manager. i 4 4 4 4 44 tt tt 4 44 44 t 4 44 tt XX 1 444444444444444444t444444444444444444444444444t 1 Evening nd Sunuvdiy apixjinimfnl. T 4444444444444444444444 44444444444444444444444444 Farm Implements VULCAN and OLIVER PLOWS, SUPERIOR DRILLS, FAIRBANKS. MORSE ENGINES, MYERS PUMPS, STAR and AERMOTOR WIND MILLS. WINONA ' VV AGONtf. Bates Steel Mule Tractor I lone Independent jit I! PAUL G. BALSIGER t JOB PRINT lone, Oregon PI 4t44U4trt(t4:;4j:444t: 44444444444444444444444444444444444444444444r