The IONE INDEPENDENT
IONE. OREGON
Friday, Sept. 3, 1930
Men give me credit far same genius. All the genius I haie lies
in this: When 1 have a subject iu hand, I study it profoundly, liy
and night it is before me. My mind becomes paraded with it. Then
the effort which I have made is xchat Ptvple are pleased to call the
fin it of gensus' It is the fruit cf thought and labor.
Alexander Hamilton
BEVERLY HILLS. Well all 1
know Is Jnr.t what I read in tbe papers.
And outside of the
thermometer r e-
ports, there Just
aint much in the
newsprint nova-
da vt. This heat
thtug accompanied
Wr&r rJI -!: U rfmnth ha 113,1
everybody pretty
bad scared up.
Course there is
not much a nun
can do when its
heat thats bother
' ing us. We can ad
vise everybody to sit in the shade,
and avoid the cr.n as muc'.i as s
aible. Then It i:s r-ln t!.ey need why
advise them t: rai:e crops that do. it
need much lain.
There has been a good deal ot
trouble out In t':e Dakotas about the
history that Mr. Coolidjre was sup
posed to write on a rock. t It w as to
run 200 words and give tbe history ot
America and still not go into details.
Well 500 words dont allow you much
history. Course we never had much
history, but like all Nations we think
we have.
Well the Sculptor dident like the
history tbst our l.x President lu i
cooked up so he made as we say in
the eighth art (tbe Movies), why he
made tome retakes" on the manu
script. It seems that Mr. Coolidye had
with an eye to future Campa'cas
given our History from a Republican
standpoint There bad been Demo
crats engaged in our history but only
In the capacity ot Villans.
Well poor Dakota dident know w hat
it was all about, all the Interest they
had in the matter was to furnish the
Mountain. They Just wanted some
thing that a Tourist could read, or
have rend to him. In fact the i:-. ire
controversy tbe more would come to
read. What constituted our early his
tory dident mean a thing to my old
Friend Beulow and bis co-horts. The
Dakotas just said Hwe got the rock.
Print an Aimee McPherson aermon
on it, just so somebody will barn out
his break bands to come and see it."
If they leave the Coolldge version on
there, they should advertise it. "Come
and see tbe Republican history cf
America In COO words."
See where one of these young boy
tree titters has just passed his 500
hours sitting in a treetop. There is
a good deal of discussion as to what
to do with a civilization that produces
prodigies like that. Why wouldn't it )
be a good idea to take their ladder
away from them and leave 'em up
there? j
Pretty near all ot us out Lere In
California during these hard times j
are telling our homes and tbey tear
Always a Way Out
"Of course. If you cannot find ti l'.;iw
In my opponent's argument." sulil il:n
(Jrent Orator to his alert Mvrtt.iry,
who was composing a siii-h. "yon
rati Ju.-rt say It Is 'Insincere.'" I ii-tioir
New,
AS m
mm
At your journey's end.
Telephone
Nothing is as reassuring c.z the
sound of your voice. The average
inter-city connection is now
made in less than 2 minutes.
Charges are low. In the evening,
for "station-to-station" calls, they
are even less than by day.
The front pages of your tele
phone directory tell you all about it.
The Pacific Telephone Jfa AND Telegraph Compan?
'em down and put in thesu premature
golf courses. You can't sell for much,
but they give you a free ticket to play.
The jails are putting 'em In no to
get the prisoners' minds off mutiny.
Say, that little jacking up I gave
Mr. Hoover about the weather did
tome good. Y04 know these Republi
cans just r caroless 1; st way. They
are so use I to running everything fcr
"so long tlK.- just think It will go with
out them.
China is I uvins a new war. 2 id i
are haTlng i.ouMj getting iu.o it.
We always have gunboats there, so if
there is any shooting why one of our
boats will be shot at and that gives
us :tie usual alibi
But this lime It seems we only ha I
one gunboat and It had to manoeuvre
around for days before It could get la
the line of Are.
Xow Mr. Hoover being a b.tsiners
man, I bet you be takes that Senate
i
and House ot Rep
resentative space
in the Capitol
building and turns
It into miniature
golf courses.
Would you be
lL.e it, there Is
3,500 ot 'em in the
city of Los An
geles. Then people
ask what's the
matter with this
country. Nothing,
only there is mil
lions got a "putter" in their hand
when they ought to have a shovel.
Halt ot America is bent over. In
two more generations our children
will grow upwards as far as the hip,
then they will turn off at right angles
and. wUu their arms baaskoa; down,
we will be right back where e
started from.
Darwin was right
I thought the California papers
were exaggerating, as usual, the beat
in the East, but I guess tbe rascals
were right at that.
What has the poor farmer done
agalnit the Republican administration
that he should deserve all this?
If it's not the heat, it's the d ' p
tnow.
It it't not the drought. It's the
floods.
It It's not tbe bolt weevil. It's the
tariff.
It It's not the cinch bugs, it's the
Federal Reserve.
If it's nof relief he needs, why, It's
ralu.
But there is one pest that he Is always-free
from; that's the Income
tax.
(5 I9JQ. Mc.Viufhi Srodicitt, Ic )
Another L.tttr Needed
A movement to reduce the nuinher
ef letters In the Itutil.:n nliihaliet re
veiils thut there are .'tfi. We have oft
en felt we needed another In ours, to
Indicate what the cartoonist means hv
"Tk ! tKk :"
i
LEXINGTON NEWS
Miss ANABELLB STRODTMAN
Vcstcr Inc was taking care of
the Independent Warehouse on
Thursday while the manager, R.
Jackson was attendinn the Round
Up at Pendleton
Mr. and Mrs. George McMillan
are up from Cherryville to visit
faiendsand relative.
Dallas Ward left on Wed us
d y last for Minneapollsr Minn ,
where he will inter upon his third
lyear as athltic Coach In tne John anch banking question Is forecast In
l,.Uili.ikC.k,,l II...,-. 1 review and report covering rapM
Marhal High School He was ac hing0i w , UlMng ,Hlul,d
CompaniO I by Miss W ilma Leach j tero by the Economic Policy CommtH
who is inslructcr in Physical Kdu:l of ha American Bankers Asso-
Cliion Iu thnt Citv I
. Canon IU inai City.
I Clark J .ckson, cf Salem, CV.,'
!came thrush I rxington the last of,
. . I
the week on his way to the Pendle-j
:ton Round Up. He is a brother of
Ralph lacks: n.
a
a r I i" t 1 it l
Mrs. can cskcison ana uaucn-
V"
ter have returned from a few weeks '
star in i.cm.
I Mr. and Mr?. Pe cy Connor and
.... . . , ...
children who have been yisiting at
'the Arthur Hunt home iefton Sun.
!, e .... . .
iiy fcr Ctrn-i View, Washington,
to vi-.it Mr. Connor's mother.
.
After two weeks vacation with
her mother, Veil Ward left, Frid.iy
for Corvalli to take up her duties
. r. ... i n i r i
at the First National iiank of that
city. Mrs. Ola Ward accompanied
her daughter as far as Portland.
Mr. and M s. G!en Gale who
have be n voting Mrs. Gales par.
ents, Mr and Mrs. S. Wright left
' t
for their home i.i Seattle on Satur-
day last. They were accompanied by
i ' '
Mr Gale's father who came up from
n ' i n- e . .
Portland to see the Qty of Lexmg
ton 1
I Rufus Pieper is having extensive
j L; a
improvments made at nis Meajow
Brook rarm on th heppne ntgh-
way. Clark Davis has the work in .
charge. !
Lexington citizens formed "A Big ,
Parade" on the streets of Heppner, 1
i
Saturday afternoon, bome were
i doing hst minute buying for
the kiddies who started toschool
on labor day. Others were out
for pleasure.
A number of Lexington ran
chers finished their harvesting
in time to run over to Pendle
ton to see the Round-up. A
mong them were: Mr. an J Mrs.
Geo. White, Ed. Cummings,
Mr. and Mrs. Arville Cutsfortb,
Mr. Mrs. Archie Nichols, ar d
. n x. .....
iMr. and MrS. UUS McMlIICn
and family.
James Ritchie, wife and chil
dren of Salem were week-end
visitors at the home of Mr. and
Mrs. Geo. Broadley.
Miss Alice Palmer, Class of
ioe i if o i - i.. -i.
to, Li. ii. o. unci a rduuau
of Pacific University Will be in
charge of the Morgan school
for the coming year. Miss Pal
mer has purchased a Chevrolet
Coupe from the Ferguson Mo-
tor Componv of Heppner for
: ,l.,:n. f,. -,n,l fvnm
uv'o auu iiwiu mi
school.
ContinuiJ on last Pg.
Weather Report
For August.
I Mokoa:.' Station
jNo.ofClearDava 23 00 j
I No. partly clouJy days 4.00
No. cloudy days 4 00
Total precipitation 0.21
Total reclpi: alie n since
September 1 7.C7
For same perio.i last year 6 49
Direction of prevailing wind... W
R. E. Harbison,
Co ofturativt Ob&aruer.
BLcuy C:.: V.'ir Battle
In the buttle of Antletiim the Fed
eral forces lost Y.,:.'.)'J killed, woiunird
and missing nnd the Confodersit
forces lost 11,000 killed, woumlod nnd (
mlsKlng. It wiih one of the bloodiest
battles of tint Ci;i war. More men
were killed on i; ptcmlicr 17. IS!!'.',
than on any other one day between
1801 and &Ci.
RADICAL CHANGES
TRANSFORM BANKING
National Commission Sees
Changing Opinion on Branch
Banking Issue Studies Group
a:.d Chain Banks,
NEW YORK. Modification of the at
titude of bankers on the long disputed
nation, me rcpon. nuwerer. tuur
roferrlng to recent proposals that lia-
tlonal banks be given branch banking
T"'" " iwitory
surrounding their location, declares
that "we do not believe that so-called
y"' br'nch, ba"k,nK, " "1
tj gain the support of any largo per
centage of tlio banking fraternity."
The commission says that the "most
1 important di vt'.ciu.ieut that has n-
fected American banking In rec-nt
years involve the- vapid growia or
multiple banking organisations In the.
fm of rouP. --! nd branch bank-
?lng systems." and a;! '.1 that "we pro-
Mt n,port M in unprejudiced
1 fnomlc study and have no theories
or policies to urge at this time." Tbe
ttatement says that the commission's
Information indicate, there are i.uw
i JC9 group or chain bank system,
vhich coutrol 1922 baukt and I15.2S5..
C0O.000 In aggroKate resourcet, nnd
that there are only tlx states and the
riatrlct of Columbia where It docs no'.
fln(1 nr "rouP organisations,
Th. . i...u.ii0
"We have been In touch with the
managers of many Important bank
rroups," the report says. "Aalde from
:'8 obvious economies of centralUed
cperatlon and control a number of
these organization beads very frankly
u thl ,hy da(not feel(1th1 th
fystem has been In operation and
fvted long enough to Justify them lu
,,:;lln p",!l)1,V9 ?r
:rnts as to Its advantages or dlsad-
tantaget compared to unit banking.
"The Banking and Currency Cum-
mttM of ,h lloiIMf whlch t.on.
cutting an Investigation Tnio banking
envelopments, has called a number
cf operating heads of some of the rrrcat
r'oup systems. These men declared
.... , . . ... . ,,
thnt they found, under certain condl-
l.1'. JUtago la both group and brut'a
lianklng over independent unit bank
i:ig. Some thought group banking was
only a transitional stage, that branch
tanking was preferable and it It were
ml"cd oa " "''"i enough
icaie they would change their groups
over to branch systems. Others held
that group banking was preferable.
"Some held that the Ideal plan wat
r. combination o' the two with group
I i.ik units for liicall.!es strong enough
t srpport complete banking Institu
tions and with branch offices extend
ing further into the smaller places
requiring banking services bjt not
lrgo enough to support complete
bnks. Several ot these who advocated
multiple banking declared that never
theless they believed there would al
ways be room for vigorous indepen
dent unit bank competitors.
Government Officials Exprsis Views
"The Comptroller of the Currency
recommended that national banks be
lTCn branc nkln pwc" wl,h'n
trade-areas.' The, Governor of the
Federal Reserve Board appeared to be
In general agreement with the Comp
troller. He said there were 24.C45
banks and 3,147 branches, a total of
3,132 banking offices; that In this
total, 6,311 offices were either branches
or bank members of groups, or both,
having 21,839 banking Institutions
that might A deiinitely termed lndo-
i pendent
unit banks, having no
and fa no way connected
1 Iranches
with group affiliations. He said all
the banks bad total loam and invest
ments of $53,500,000,000, ot which the
l.roup and branch systems bald $30,
100,000,000, or more than half.
"He opposed nation wide branch
banking at present but said that ulti
mately if bankers became trained and
inurli'ticpil In iha lartrnr tachnlniiH
, of 'trade-area' banking he thought it
voulil In time evolve nation wide
. jranc!l bo
banking under control of rel
atively few banks, but he did not be
lieve this would mean monopoly or
lack of competition. He favored
branch over croup banking which,
however, he said represented an eco
nomic development along 'trade-area'
lines and would spread unless some
thing else were substituted and thought
'trado-area' branch banking would
Hon of the Commls-
ston
to develop its own studies la
tese questions, watch carefully every
move inai is mane anu every on oi
information that may develop in this
connection and keep itself preparod
to give an unblaHcd and accurate
statement of flie facts of the cane
whenever that is desired," the report
concludes.
Ftdsral Reserve Pays Oevernment
In tlw fl f toon years since Its oatab
Ilahmcnt lu 1914, aggregate net earn
ings of the Federal Reserve System's
twelve regional banks have amounted
,to $510,216,000, ot which $90,072,000
,haf been pa(l t0 the member banUa j
I dividends, representing 8 per cent an
nually on their contributions of cupl
:tal to the reserve banks, while $277,'
1434,000 bas bocu added to the surplus
lot the reserve banks and $147,110,000
has been paid over to the Federal
0rveramenUai ft tsuchlae fex,
TAKING THE GUESS
OUT OF BUSINESS
By JOHN O. LONSDALE
President American Cankers
Association
BANKERS and uiitlne, muu err In
not adopting more uiilveriully the
tacttca ot the sciential, Y..uu the
sclentlNt whhes
to futhoiu the
mystiM'les of the
universe or re
solve tliiiiM Into
their cointKnient
parts he culls to
his assiatanc the
magnifying power
of the microscope.
There before him,
like an open book,
lie the secret of
nature which un
aided eyes cannot
observe.
John Q. Lonsdale
The uncanny power of the micro
scope's all seeing eye hat revealed
countless secrets for the material and
Intellectual progress of humanity. It
has enabled us to study the processes
of growing cells In plant and animal
life, trace the cause of dlaona and
successfully combat the Ills of man
kind; It has aided tbe engineer In hit
search for etrongcr and mora service
able material, giving us taller, lighter
and more sanitary structures), and bet
ter highways; it has dlxclosed the de
fects In steel rails and brought us an
era of safer railway travel; it hat
added to the foot! supply of the nation;
la fact, It baa affected favorably n f irlr
every activity of the hum: .1 . .
whether It apply to product I . U
trlhutlon or consumption, lu I. . of
p ace or In time of war.
In the business and ImuUi.g world,
economic research am! analyals serve
as thn mleroMcopa through which we
ate enabled to boo basic factors more
clearly and thus determine tho caue.!
of success and failure. Only recently
have we begun to realUo the full valuo
ot research and an.ilyal and apply
Hum In .all a way as to illmltiat.i
the guessrork that was characteristic
of Industry a few year bko. "Eliminate
the guess i.d re.nh urceis,M might
well bo a me to for all of us.
Banking Conductinaf
Continual Research
The American Hankers Association
Is dally submitting every phase and
every department of banking to search
kg scrutiny aad etiUy, says Joke. (i.
I.msdale, president of tills the world's
greatest financial association. The
findings of those Inviitlgattons are
made available to the 20,000 members
of the organization for their guidance.
"It U a fine tribute to the spirit of
cooperation among bankers that it Is
able to carry on this work," be says.
"Hankers from one end of the country
to the other are constantly giving free
ly and unselfishly ot their skill and
experience so that tbe ts .oilatlon may
produce the truly great resulu that
are being accomplished."
Statistical Information on national
and state banks, savings institutions,
trust companies and trust deyu tujoMs.
cluarlng bouse groups and general
banking Is prepared after exhaustive
Inquiry and distributed for tne use of
all bankers. The organization's In
vestigations have resulted In the pas
sage of beneficial legislation, revision
of banking practices and Innumerable
changes for a stronger and more ef
ficient banking structure. It has set
up an educational system through ltt
affiliated American Institute of liank
lt:.', where 45,000 ambitious young bank
men and women are now availing them
selves of tho opportunity to advanco id
the banking field.
"It bas been well tald that tbe
American Hankers Association, exclu
sive ot tho Federal Iteserve System,
has been the greatest single nation
wide source of stability and improved
conditions for banking In tbe United
States," Mr, Lonsdale tayt.
Banking; Growa
More Complicated
WJN'VER. Colo. The Increuso in the
technicalities of tho banking business
lu the p t doze n yuis was ni.own
by a fpuak'-r before the Amerlcai In
stitute of llanklnc which held It i an
nual convention here recently vhon
he pointed out that in 1918, wb ! the
institute last met in this city, ic ;;ive
only three courses, while today it i;ivcs
10, with more subjects in preparation.
At the earlier date, he said, the cur
riculum of the institute couaiKtod ot
elementary banking, commorcUl and
banking law, and money and b: uklng
whereas today it consists of banking'
fundamentals, commercial law, nego
tiable Instruments, suiudard econom
ics, standard banking, credlui, invest
ments, truut functions, analysing II nun
ciul Hlatenicnta, and public spoakliif,
while the two new subjects of bank
operation and organisation, and bank
management are to. bo added.
The New Pfee of Business Changs
Business ovoluiloa u:;cd to niovo
slowly It lujuaurcd off Its gradual
changes almout Invl.ilbly, like thn hour
hand on the clock. Hut toduy Us tempo
Is that ot tho second hand. Tho move
ment ot evolution that Is quickening
business with rapid changes is alarm
in jly vlalble and makes It difficult to
Jueji un -with them. IU 8. liecht.
Willows Grange
Pomouu Granite at Itheit Creek
Satnrdiv, Oct, 4.
Piny (Aunt Jerimhnon th Wur
Puth ) nnd Curnival.
North Morrow County Fair Ml
Hoard man, Stpttmhtr Z and .':!.
Oranif'r, pU'nto' rtmmUr
there will lie Initiation lit ti t 1-t
'). H'ld (it'ttiepa OM tlM' fVtrfiil'sT
of September 13th, and in the lii
and 4th deitrcea on Saturday
evening, Septembvr 27th. AH
2nd degree member ar welcome
t ) attend both meetlniia.
Additional Local
Continued From l'un 1
W. II A. Smith ha4 relumed
ti lone ufter an iietixc oi tvii
tmnthH
M '. ni MrM. OUn of Arlhglt n
h ivff tie-n uueitv al ih- home t f
Mrs. O -ens lstei. Mr, tlli.foi.l
Ohriatophrion.
John Cochran it attain in lorn.
Mr. Cochran has been in Yakima
for aome time where Mrs. Cich
ran ia taking- medcial trvatment.
Th John Hrjfuon family and
Charlea O'Cunnrr jr. picnicked
t the Columbia Hiver Sunday.
' Mr. Mm, Lenne Laiit aia
vatutiuiiiiiir in Madraa.
M-. and Mrs. Carl Lirn were
outKointc panseriKera on the Sun
i iay niiiht train. They will! visit
at Catnlamet before uointr on to
Siiftz. Orew'on, wherti Mra Liin
will teach thia j tar.
j En Crtlkiri and family and
Carl Calkins and fami y have
returned to their homes in Mo
Minnviile. ihev have been heiv
for the harvest work.
, Sec llristow and Johnson,
' Saturday an Monday Specials.
Merle, Hon of Mr. and M c
and M s Myrn Lindley, " i t
of the family, carne up f ri w' r'
land and from here mo;orea with
j Ted Blake to Pendleton attend
.the, Round Up. Ted Blake accorn
panied thetwo when tl. y rturned
to Portland, making the trip by
auto.
Mra. Roy Lienallen. Mrs. Vada
Nyberl andK, VV. Bron"
week enJ visitors in loi '
Mra. Elmo McMillan u .,.11
daughter returned Sunu-j iu nr
home in Saiem. Her parents, and
her sister Eva accompanied hir
ati far as Hood Uiver where she
wa met by her huaband.
1. K Kobiion in transacting
business iu rortlard this werk.
Mr. and Mrs. William Christen
sen and two sons. Jack and Sam,
were Thursday night guests of
Mr. and Mrs. Elmer Griffith.
They were on their wt train
their home at Hili'boro to Pen
dleton to take in the Round Up,
and Irom there going to Yellow
stone National Park. Mrs. Chris
tensen will be remembered as
Miss Delia Jackson, a former teach
er in the Ioue high achool.
Cook with Gas.
See Bert Mason.
George Frank, wife, HmieVr
Hazel aud Henry Ro"ii, wife
aud son have gone to Ue ennr .
for their vacation. Whii- LI.
G. Frank is away, Mr. P. J. Linn
is acting Marshal and light and
Water master.
A pleasant family dinner waa
Kiven Sunday at the J, W. Howk
home on Riverside Drive. Those
who partook of tho dinner and
enjoyed the afternoon and even
ing were the host and hostes,
Mr, and Mrs. Howk, Mr. and Mrp.
Chas. O'Connor, Mina Elmira 0'
Connor, Mr. and Mrs. P.J. Linn
Mr, and Mrs. Carl Linn and Mr.
and Mrs. Elmer Griffith and chil
bren.
Mr, Btid Mrs. Ed Lindeken and
children rrce'lly virited in Wt nd
purn at the home of Mra, LiHe
kpii'a parentp, Mr. and Mrn L.
II, (JrnssrnHn. They mIho itjoimu
a visit with Mrs. Lindken's cibter
Mrs. R. O. Stone, her husband
and son who are leaving foru new
location ut Bnllingham.
Star Brand shoes at
Bristow & Johnson's