HEPPNER GAZETTE TIMES, HEPPNER, OREGON, THURSDAY, JAN. 6, 1927.
PAGE THREE
Complete Summary of New McNary Bill
Furnished County Agent by Federation of
Farm Bureaus; Outlines Aid for Farmers
Complete summary of the new He
Nary bill now pending in congress
has just been received at the office of
the Morrow county agent, Roger W.
Morse, from the American Farm Bu
leau Federation,
In the following paragraphs ap
pears the complete summary of the
;iew McNary bill by sections:
Sec. 1. Establishes an agricultural
policy to promote orderly marketing
cf farm products, stabilize markets,
minimize speculation and waste, and
encourage the development of cooper
ative marketing associations.
Sec. 2. Creates a regional Farm
Board of twelve members, one from
each federal land bank district, ap
pointed by the president from nom
inees submitted by district nominat
ing committees.
A nominating committee of five
members is established for each of
the twelve federal land bank dis
tricts, one member to be appointed
by the secretary of agriculture, and
four members to be elected by the
farm organizations and cooperative
associations of that district, accord
ing to regulations established by the
secretary of agriculture. Members
rre to hold office for two years, and
receive $20 per day and necessary
expenses for attending meetings.
When vacancies occur in the board
the appropriate committee meets and
Bubmits to the president a list of
three persons from that district, one
of whom is to be appointed to the
board.
Elected for Six-Year Terms.
Sec. S. Members of the federal
farm board are elected for six-year
terms, a new member being elected
every two years. Each member must
be a citizen of the United States, and
must not be actively engaged In any
other business or vocation than that
of a member of the board. A salary
of $10,000 a year and necessary trav
eling expenses are provided.
Sec. 4. The general power dele
gated to the board includes (a) an
nual selection of one member to act
as chairman; (b) maintenance of a
principal office in Washington, D, C,
and elsewhere in the United States,
as it deems necessary; (c) use of an
official seal; (d) rendering an annual
report to congress; (e) providing
regulations necessary to carry out
the provisions of this act; (f) ap
pointment of employes and the expen
diture of necessary funds for admin
istering the functions vested in the
board.
Sec. 5. The special powers and
duties of the board are (a) to meet
at the call of the chairman, or the
secretary of agriculture, or a ma
jority of its members; (b) to keep
advised of crop prices, prospects,
supply and demand, and the proba
bility of a surplus of any agricul
tural commodity or its food products
(c) and to advise producers and their
associations in the adjustment of
production.
Provision for Surplus Made.
Sec. 6. Whenever the board finds
that there is, or may be, during the
ensuing year, a surplus above the do
mestic requirements for wheat, coin,
rice or swine, or a surplus above the
requirements for the orderly market
ing of cotton, and also above men
tioned commodities, it is required to
publish its findings and to begin op
erations In such commodity, provided
that this action is approved by the
commodity advisory council and a
substantial number of producers' or
ganizations, and provided that the
commencement or termination of
och operation is approved by the
majority of the board, and also by
board members representing land
bank districts which, in the aggre
gate, produced during the preceding
crop year, more than 60 per cent of
such commodity.
The board is to assist in the dispo
sition of the surplus through con
tracts with co-operative associations,
but in case there should be no co-operative
capable of carrying out such
agreement, the board may make con
tract with other agencies. Where
there is more than one co-operative
available, the board is not to unreas
onably discriminate against any such
association. In all basic commodities
except cotton the board also has au
thority to assist in handling the sur
plus of the food products of the com
modities through similar agreements
with the agencies producing these
products.
The agreements entered into be
tween the board and the co-operatives
or other agencies, are to provide for
(1) the payment from the stabiliza
tion fund for such commodity of any
losses, costs and charges arising out
of the purchase, storage, or sale of
such commodity; (2) the payment in
to the commodity stabilization fund
of profits arising from these opera
tions, and (3) may provide for the
making of advances from the stabil
ization fund to such associations.
Wheat Named in List Given.
"Basic agricultural commodities"
are to include wheat, cotton, corn,
rice and swine; but whenever the
board finds that any other commodity
should be included in this act, it is
required to report thereon to con
gress. Sec. 7. For each basic agricultural
commodity, there is created a com
modity advisory council of seven
members representing the purchasers
of such commodity, to be selected an
nually by the board from lists sub
mitted by co-operatives and farm or
ganizations. These members are to
receive a per diem compensation not
to exceed $20 and necessary expenses
for attending meetings or performing
other work authorized by the board.
Each council is required to meet at
least twice a year and may meet upon
call of a majority of its members.
Each council is authorized to con
fer with the board; to make recom
mendations; to ask for information
from the board concerning its opera
tions and the collection of the equal
ization fee, and all matters of inter
est to the producers; and to co-operate
with the board in advising pro
ducers and the associations in the
adjustment of production.
Sec. 8. In order to distribute equal
ly the burden of handling the sur
plus, an equalization fee may b ap
portioned on a basic agricultural
commodity when operations have been
determined upon for such commod
ity. Boards Must Estimate Losses.
Sec. B. Before beginnng operations
the board is required to estimate the
probable, advances, losses, costs and
charges, incident to operations in
such commodity, and from time to
time, it must determine and publish
the amount of the equalization fee to
be collected upon each unit of such
commodity, and the length of time
during which such fee shall remain
in effect, as well as the manner and
place of its payment and collection.
Sec. 10. The equalization fee is to
be collected upon the transportation,
the processing, or the sale of such
unit, as determined by the boaid, but
not more than one fee shall be col
lected in respect to any unit.
The board is authorzied to require
any person engaged in the transpor
tation, processing, or purchase if a
basic commodity, to- submit, un'ler
cath, information in regard to such
tiansactions, and the amount of
equalization fees payable thereon,
and to require such person to collect
and account for the fee, as directed
by the board.
In the case of cotton, serial re
ceipts are to be issued to the pro
ducers of such commodity, and if
'.here is an excess of funds collected,
such excess may be returned propor
tionately to the producers. (Sec. 11-
8.)
Failure to collect or account for
the equalization fee renders a person
liable for its amount, and a penalty
NEW
HONEY
In comb or extracted
$2.00 Gallon
6 gallon lots or more
$1.88 Per Gallon
Produced exclusively
from clovers.
Quality Guaranteed
THE BUSY BEE
APIARY
Banks, Oregon
Central Market
C W. McNAMER, Proprietor
FRESH AND CURED MEATS, FISH
AND POULTRY
Call us when you have anything in our
line to sell.
Phone Main 652
equal to one half its amount.
Fund la Set Aside.
Sec. 11. A stabilization fund is es
tablished for each basic agricultural
commodity, to be administered under
the exclusive control of the board.
Each fund is to be made up of ad
vances from a revolving loan fund,
from the equalization fees collected.
and from such profits as may result
from the operation of the board in
such commodity, or its food products.
In order to enable the board to begin
operations in advance of the collec
tion of equalization fees, the board is
authorized to make advances in its
discretion from the revolving loan
lund, together with interest on such
amounts at 4 per cent per annum.
Sec. 12. The board is authorized to
loan money to any co-operative
(whether handling basic commodities
or not), In order to assist such asso
ciation in handling the surplus of any
agricultural commodity, and in order
to assist it in the purchase or con
struction of storage or processing
facilities for such commodity. Such
loans are to bear 4 per cent interest,
and may be amortized over a twenty
year period but the aggregate amount,
at any one time must not exceed $25,-
uuu.ouo.
Sec. 13. Itemized vouchers, ap
proved by the chairman, or by such
officers as the board may designate,
are required for the expenditures by
the board. Audit of the books and
accounts of the board by the general
accounting office is provided for.
Federal Aid Compulsory.
Sec. 14. All executive branches of
the government are required to co
operate with, and assist the board in
carrying out this act, and the board
is required to avail itself of the fa
cilities and services of these govern
mental agencies. The board may also
cooperate with any state or territory,
or agency thereof, or with any per
son. Sec. 15. In the ease of wheat, rice
or corn, "processing" is defined as
the milling for market, or if not
milled the first processing in any
manner for market; in the case of
cotton, it means ginning; in the case
of swine it means the slaughter for
market by purchaser.
In the case of wheat, corn or rice
the term "sale" is defined as a sale
or other disposition in the United
States of such commodity for miil
ing, for other processing for market
or resale, or for delivery by a com
mon carrier; in the case of cotton, it
means the milling or ginning for mar
ket or resale, or delivery by common
carrier. In the case of swine, it
means a sale or other disposition of
swine destined for slaughter for mar
ket without intervening hold for
feeding or fattening. The term sale
however, does not include a transfer
to a cooperative association for the
purpose of resale or other distribu
tion. Co-operative association is defined
according to the Capper-Volstead Co
operative Marketing act. The defini
tions of the words "transportation,"
"person," and "United States," are
the usual meaning of these words.
FOR A QUICK
LUNCH
Have pure, rich whole
milk.
Fresh Every Day.
Alfalfa Lawn Dairy
WIGHTMAN BROS, Props.
Phone 30F3
Pay Yourself A Profit
YOU ARE YOUR BEST INVESTMENT.
Does your best investment yourself pay you the profit
that it should? It can you can, by a plan that is re
markably simple and successful.
You are investing in yourself in everything that you do.
Why not make that investment pay profits? You can by
saving a definite part of your income on a systematic
plan. It's easy to save. You never miss the small reg
ular payments. And all the while you are creating a fund
paying yourself profits, which bring you the better
things of life today and in the days that are to come.
Come in soon, and let us show you how to make the best
investment in yourself. You'll find it a sensible plan and
one you'll want to adopt for yourself.
Farmers & Stockgrowers National
Heppner Bank Oregon
See. 16. A revolving loan fund of
$250,000,000 is provided by the author
ization of a federal appropriation.
An appropriation of 1500,000 for ad
ministrative expense is provided.
Sec. 17. The usual lection in re
gard to "Separability of Provisions"
is provided.
Sec. 18. The bill Is to Be cnewn
by the name "Surplus Control Act."
Charter No. 228
Reserve District No. 12
REPORT OF CONDITION OF
THE LEXINGTON STATE BANK
AT LEXINGTON, IN THE STATE OF OREGON, AT CLOSE OF
BUSINESS DECEMBER SI, 1926.
RESOURCES
Loans and discounts, including rediscounts, acceptances or
bills of exchange, sold with endorsement of this bank 146,467.28
Overdrafts secured and unsecured
U. S. Government securities owned
Other bonds, warrants and securities, including foreign gov
ernment, state, municipal, corporation, etc .
Stocks, securities, claims, liens, judgments, etc .......
Furniture and fixtures
1.31
300.00
130.00
2,220.00
1,000.00
Real estate owned other than banking house 1,300.00
Cash on hand in vault and due from other banks, bankers and
trust companies designated and approved reserve agents of
this bank 22,064.33
Net amounts due from other banks, bankers and trust com
panies 55.00
Total cash and due from banks
Interest, taxes and expenses paid ....
.$22,109.33
1,736.84
Total
$75,273.76
LIABILITIES
Capital stock paid in
Surplus fund .
..$15,000.00
540.04
Demand Deposits, other than banks, subject to reserve:
Individual deposits subject to check, including deposits due
the State of Oregon, county, cities or other public funds 44,212.26
Total of demand deposits, other than bank de
posits, subject to resreve ...$44,212.26
Time and Savings Deposits, subject to reserve and payable on
demand or subject to notice:
Time certificates of deposit outstanding 15,521.46
Total of time and savings deposits payable on
demand ,or subject to notice $15,521.46
Total - $75,273.76
STATE OF OREGON, County of Morrow, ss.
I, W. O. Hill, cashier of the above named bank, do solemnly swear
that the above statement is true to the best of my knowledge and be
lief. W. O. HILL, Cashier.
CORRECT Attest:
Subscribed and sworn to before
me this 8rd day of January, 1927.
JOS. J. NYS, Notary Public.
My commission expires June 8,
1927.
KARL L. BEACH,
FRANK GILLIAM,
Directors.
aT. - -
Mine's In! 1
&
Is Yours?
TUM-A-LUM
LUMBER CO.
Heppner, Lextagtoa, lone I
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What Does It Mean
to You?
the Local Newspaper
THE local newspaper is the organ, the tool, of the territory
for which it is published. Its purpose, its motives, its des
tinies are guided only to a degree by its management. If the
management be competent, then the local newspaper largely re
flects the progressive spirit of the community as a whole.
The life blood of the local newspaper is advertising, its main
source of revenue. It must have advertising support in order
to exist, and the extent to which it is able to serve its readers is
measured by the advertising support given. However, the local
newspaper does not base its plea for advertisers on sentimental
reasons. Reaching, as it does, the majority of the buyers of its
field with each issue, it affords the merchant invaluable oppor
tunity to display his wares. The extent and the way in which
the merchant does this reflects to a material degree his pro
gressiveness. It is possible for the newspaper managment to
assist the merchant only to the extent the merchant permits.
THE same is largely true in publishing the news. It is possi
ble for the newspaper to gather only such news as comes to
the editor's attention. The small newspaper's revenue does not
permit of an elaborate newsgathering force. So-called "big
stories" are comparatively easy to report. But the multitude of
small personal items that make the paper meaty to its readers,
are available, very largely, only through reader cooperation.
If you enjoy reading, or having, a real live local newspaper,
it is up to you to cooperate. And if the newspaper makes errors
in reporting items in which you are interested, do not criticize
too severely if you did not report it.
The local newspaper attempts to print all "the worth-while
news as correctly as possible. But its editor is not a mind
reader, and when rumor alone must be relied upon error is al
most certain.
Cooperate for a better local newspaper.
the Local Printshop
WHEN you run out of billheads the end of the month and
haven't time to order them from Portland, Spokane, 'Frisco
or wherever, do you not appreciate being able to get a dupli
cate job at the local printer's wtihin a few hours? The local
printshop is equipped to do all kinds of good quality commercial
printing at reasonable prices plus personal service. But how
much thought does the local printer get when a smooth-tongued
outside printing salesman comes along, handing out cigars.
Surely, he quotes a lower price but not on the same quantities
bought at home. He figures on a year's supply of printing in
stead of a month's, and the prices he quotes are in most cases
no lower, and in many not as low, as like quantities can be pur
chased at home. Then, again, the local printer is on the job
every day to make good his guarantee of "work delivered as
represented."
There is no printing job which the local printer can not do,
or have done for you. True, he does not guarantee cut throat
prices, for he feels he is entitled to a reasonable profit, but he
does guarantee to meet the prices of any reputable firm with the
same or better quality printing.
And the local printshop is always on hand to aid in planning
your needs.
The local printer also buys at home.
' You have them both in the
Heppner Gazette Times
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