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:
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