The Hermiston herald., April 19, 1928, Image 3

THB HEBMISTOH HXBAXD, HERMISTON. OREGON.
WHAT FARM ACCOUNTING MEANT
IN THE MANAGEMENT OF A FARM
Successful Fanner Tells How Pencil Helped Guide His
Operations and Swell His Income— An Aid to
Better Credit— Shows Profits and
Prevents Losses.
''HE owner and operator of one of the most successful dairy
farms in Wisconsin prepared recently for the Agricultural
Commission of the American Bankers Association a first hand
statement of the part farm accounting has played in the
management of his enterprise. This operator, W. J. Dougan,
tells the following story:
“When I started farming I began keeping a simple cash
account, butysoon found that it was not sufficient accounting for
farm purpose.. Such a record did not
take Into consideration the vital fac­
tors of Improvements, growth of live­
stock or depreciation.
"Since 1910 I have kept a complete
account on the accrual basis. The
accounts, however, are no more than
any farmer can easily keep. The out­
standing benefits from keeping such
accounts might be listed as follows:
The Way It Works
"1. Incom, tax reports mads easier.
—Accurate and dependable Income tax
reports can be made from the yearly
accounts. By keeping them on file I
am always ready to satisfy the tax
Inspectors.
“2. Accounting makes possible a
budget system.—With the accumulat­
ed data of the past years, I can make
out the budget for the coming year.
The Income being fairly stable, the
budget problem Is to adjust the ex­
penditures. If one branch of the busi­
ness will need extraordinary expendi­
ture such as new machinery, there
must he a cut in some other branch,
such as building or livestock pur­
chased, or fencing.
”3. Accounting gives a true basis
for credit.—Especially has accounting
meant for me larger credit and tiappy
relations wilb my banker. With a
complets financial statement before
him the banker can Intelligently deter­
mine what credit I should have. With
a full knowledge of the farm profits
In the past. I know what credit I
should accept No farmer or business
man should accept credit from his
bank unless he Is able to put the
money into productive Investment, and
his margin of profit assures the ability
to repay the loan within a reasonable
time.
“For the farm this reasonable time
cannot be three or six months. The
farm turnover Is too slew for that. A
helpful and Just period of farm credit
for working capital must be from one
to four years.
"There Is another benefit from ac­
counting—the benefit of knowing
whether one Is going up or down. By
extra sales one might be flush of
money and buy heavily, thinking be is
coming out ahead, but In reality he
Is sacrificing the future. On the other
hand, one might feel pinched, and
have little money to spend, but ln
reality he is laying up capital.”
The bankers Agricultural Commis­
sion has suggested the following form
of farm credit statement. Indicating
the records necessary to be kept:
SUGGESTED FARM C REDIT STATEM ENT
(Adapted from blank used by F ederal Reserve Bank, Chicago)
One O f The First Important Factors In Farm Accounting
Nam e
Address
Business
Date of Statement
Aea^e
LiabilUias
Ï
C a m on H am » u ts m B a k r .
O wr tor F ollowing B ank »:
U m » 9 yatbs 8« cvmitim ..
O m « S alable 8ecu »rw ea..
A ccount » D u b M r ...................
C rain , F r r m ano F arm P hoovcts . .....................
flVRMtsn» in S cordi lb B elow )
L n '» stock (Im u s e s in B crrdvlr B blow ) . . . .
S bcurrd s y ..................................
N otba F atarli to R blativca .........
L oan * D or M b , O n b Y bar or L r m M atumty .
O thrr Q uick
N otra P atabls to Ornen»................. ..........
S bovrbb b y ...................................................
A ccount » P ayablr ................................................
ÎNTBRBST ANO T a XRS D v t WlTMIN O n b Y ba I
C a m R ent D ob o n ..............................................
To tal Quteh Aaeeta...................................
T o ls i C u rren t D e b ilit i»
F a w I u f u m s m t v am » T ools .................................
R bal E stât * M ortoaocs (F irst ). .
i, B alsrs , T ractors ,
F a m L am » (I tcmubd m B o s o n s B olow ) ........
(iMrwwam V alow at 9».,...
C lT T A M Tow» PnorORTV................ s e e s . . . . .
R bal E s t a t i M ortoaom (J onmm O .,
Q triiit — w fesw n s Beur»).
M ootoaors or L oan « D ob A m a O m T rai ». . . .
I Q t m
u m
F olly )
T o tal L ia b ilH i»
. Dairy Bulb
ft,.,
Beef Bulla
M ilk C»«s
M u l»
!..
..H b f e r »
Colta
» ..
.. C s h »
...B M f C r a s
a ....
.
Brood So*» I . . .
Steer»
Pit»
• ...
Feeder«
StoekHoc»
!..
.. Etres
» ...
. .. Bu. Osla
... B» W b«(
G ........... .
G...............
SCHEDULE O F REAL ESTATE
T itb m Neme e l
Improved or Ne of A ct »
Vmmprovad
er Lots
Intere«» nfl
Preemt
Velue
M ortgage«
Mor» ( i
Due
..........J
L*
C ask f » Acra
J’
0 O f Ceo» frr Y bar
-
........ » . ..............
B etter Y et
Two boys were discussing sport
“tlow high can you Jump?" asked
one.
“About four feet,” replied the other.
“What can you do?"
“Five feet.” came the prompt reply
"How about the long Jump?"
“Ten feet. What can you do?"
"Eleven feet. What’s yonr time for
the hundred?”
But the other lad was a bit sus
picious by now, so he replied: "Four
seconds better than yours.”
Another W ay to Do It
A minister preaching his Sunday
morning sermon was aw are that a
large number of bis congregation
were not listening to his talk. During
this hour the ja n ito r step|>ed to the
plutform and said, “Dr. Van Cleve,
the church Is on fire.”
The minister deliberately closed his
Bible, saying. “ Very well, W illiam ,
thank you. Perhaps you can wake up
the congregation."
NOTICE OF SHERIFF’S SALE
UNDER EXECUTION
are still in
active service
FOR nearly twenty years, the Model T Ford led the motor
industry and it still is used by more people than any other
automobile. More than eight million Model T Fords are in
active service today— an indication of their sturdy worth,
reliability and economy.
Because of the tremendous investment which people
have in these cars and because so many of them will he
driven for two, three, and even five more years, the Ford
Motor Company will continue to make replacement parts
until, as Henry Ford himself says, "the last Model T is
off the road.”
For the Ford Motor Company has always believed that
its full duty consists not only in making a good automobile
at a low price, but also in keeping it running efficiently for
you as long as possible at a minimum of expense.
Notice Is hereby given that by vir­
tue of an execution issued out of the
Circuit Court of the State of Oregon '
for Umatilla County to me directed j
and delivered upon a judgment a n d !
decree and order of sale rendered i n ;
said court on the 2nd day of A pril,!
1928, in favor of T h , Federal Land !
Bank of Spokane, a corporation, a-
galnst Ansel F. Lundberg; and Stan­
N o matter where you live, therefore, you can still buy
field National Farm Loan Associa­
tion, a corporation, in the suit there­
Model T Ford parts with the same assurance as formerly,
in pending wherein the »aid The Fed­
knowing
that they will give you the kind of service you
eral Land Bank of Spokane, a cor­
poration, Is plaintiff and the said
have a right to expect, and at the same time protect the
Ansel F. Lundberg and Bernice E.
money you have invested in your car.
Lundberg, his wife; Stanfield Na­
tional Farm Loan Association, a cor­
All Ford replacement parts, as you may know, are made
poration; Chas. L. Herley and Grace
Herley, hig wife; and Henry Herley,
of the same materials and in the same way as those from
a widower, are defendants, for the
which your car was originally assembled, and are low in
sum of 335.00, together with Inter-1
est thereon at the rate of 8 per cent
price because of the established Ford policy.
per annum since the 11th day of Jan­
So that you may get the greatest use from your Model T
uary, 1927 until paid; and the fur­
ther sum of 190.00, together with
Ford over the longest period of time, we suggest that you
'■ interest thereon at the rate of 8 per
take the car to the nearest Ford dealer and have him esti*
; cent per annum since th , 11th day
1 of July, 1927 until paid; and the
mate on the cost o f any replacement parts which may be
further sum of 32,616.76, together
necessary. You may find that a very small expenditure
, with interest thereon at the rate of
5 per cent per annum since the 11th
will maintain the value o f your car and will be the means
day of July, 1927 until paid; and the
of giving you thousands of miles of additional service.
further sum of 3260.26, together
with interest thereon at the rate of
8 per cent per annum sine« the 25th
day of October, 1927 until paid; and
the further sum of 3205.68, together
with Interest thereon at the rate of
8 per cent per annum since the 15th
day of November, 1927 until paid;
and the further sum of 875.00, to­
gether with Interest thereon at the
rate of 8 per cent per annum since
the 29th day of March, 1928 until
paid; and the further sum of 315.00.
together with Interest thereon at the
rate of 8 per cent per annum since
tbe 15th day of December, 1927 until
paid, less 3100.00 credited on ac­
,
..........-
--------------- - — ■
— -------------------------------------
count of stock In the Stanfield N a -, ---------- ---------- '■.
tlonal Farm Loan Association and for belonging or In any wise appertain- of August, 1926 until paid; and the right and Interest of said defendants
the further sum of 3250.00 attorneys1 ing; and also all of the right, estate further sum of 348.00, together with In and to the same, be sold by the
fees, and for th , further sum of 828.-! title and Interest of said defendants Interest thereon at the rate of 8 per Sheriff of Umatilla County, Oregon,
46 costs and disbursements, which Jn and to the same; said lands to be j cent per annum since the 14th day to satisfy said Judgment and all
said decree and Judgment and order sold at public auction to the highest of February, 1927 until paid; and costs
of sale h av, been duly docketed a n d ’bidder for rash In hand, the proceeds'the further sum of 31,408.44, toge-
Therefore, I will, on the 12th day
enrolled In the office of the clerk of;of sale to be applied in satisfaction ther with Interest thereon at the rat, of May, 1928, at the hour of two
said court, and In and by which said of said execution and all costs.
of 5 per cent per annum since the o’clock In the afternoon of said day,
judgment. decre, and order of eale
Dated this 3rd day of April, 1928. 14th day of February, 1927 until at the front door of the courthouse
it was directed that the hereinafter
R. T. Cook Ingham, Sheriff of
paid; ami the further sum of 3519.95 in the City of Pendleton, Umatilla
described real property in Umatilla
Umatilla County, Oregon 32-5 together with Interest thereon at the County, Oregon, sell all the right,
County, Oregon, together with the
rate of 8 per cent per annum since title and Interest which the said de-
tenementa,, hereditaments and appur­
the 17th day of June, 1927 until i fendants or either of them had on
NOTICE OF S H E R IF F S SALE
| paid; and the further sum of 363.03, | the 14th day of August, 1917 or
tenances thereto belonging or in sny-
UNDER EXECUTION
w ls, appertaining, and also all of the
Nolle is hereby given that by vir- ' together with interest thereon at the sin e, then have acquired or now
estate, right and Interest of said d«* tu, of an execution issued out of the ’—‘
™te ° * f * 8 ----
P " — Mnt
* ------
P*r -----------*’------
annum 8,nc# have. In and to the following des­
feudal.,s in and to the same, be sold -C,rcu,t C w rt of th< g u u of
th<# 29th day of March, i 928 until cribed premises situated In Umatilla
by la s Sheriff of Umatilla County
r Cniat,„ a Co,lnty to _ directed P“1«*: Bnd the further sum of 324.00, County, State of Oregon, to-wit:
<*r,CSO“ '? ° ’atl’ fJr “ *d ,U<Ument and and delivered upo„ a Judgment and, together with interest thereon at the
All that portion of the Southeast
ail costa.
decree and order of sa l, rendered In rate of 8 per cent per annum since
quarter of the Southeast quarter
Therefore, 1 will, on the 12th day said court on the 2nd day of A pril,jthe 26th day of May, 1927 until paid;
and of the Southeast quarter of
of May, 1928, at the hour of two o‘- 1928, ln favor of The Federal Land and the further sum of 324, together
the Southwest quarter of the
clock in the afternoon of said day. g ank of Spokane, a corporation, a- with Interest thereon at the rate of
Southeast quarter of Section Twen­
at the front door of the courthouse ga,nat Florence B. Connor as admin 8 per cent per annum since the 9th
ty-seven (27) Township Four (4)
in the city of Pendleton, Umatilla i igtratrlx of tha estate of Chas. W. day of June, 1927 until paid, less
North, Range Twenty-nine (29)
County, Oregon, sell all the right,jConnor, deceased; Florence B. Con- th , sum of 380.00 credited on ac-
East of the Willamette Meridian,
title and Interest which the said de- nor, , widow; and Stanfield Nat* — * —
* —
•-»
lying North and West of the right
fendants or either of them bad on • ,ona| Farm U i n Association, a cor-
of way of the United States Recla­
the 11th day of July, 1917, or since poratlon, in the suit therein pending
mation Service Feed Canal,
then have acquired or now have. In| »herein the said The Federal Land
together with the tenements, hered­
and to the following described prem- Bank of Sppkaue, a corporation, i s ___ ___.
itaments and appurtenances thereto
Ises situated In Umatilla County, ptnlntlff and the eald Florence B. jmenta, which said decre, and Judg- belonging or In any wise appertain­
State of Oregon, to-wit:
Connor as administratrix of the es- ment and order of sale have been ing; and also all of the right, es­
The East Half of the Northeast j tate
Oiaa w Connor, deceased; duly docketed and enrolled In the of­ tate, title and interest of said defend­
Quarter of the Northwest Quarter Florence n. Connor, a widow; Htan- fice of the elerk of said court, and In ants In and to the same; said lands
and the Northeast Quarter of the ! f)e|d National Farm Loan Arnocia- and by which said judgment, de­ to be sold at public auction to the
Sontheast Quarter of the North- u OOi a corporation; Clyde C. Connor cree and order of sale It was direct­ highest bidder for cash In hand, the
west Quarter of Section 10, Tp. 4. and Mr, CIy(le c Connor, hie wife; ed that the hereinafter described proceeds of sale to be applied In sat­
North, Range 29, E. W. M..
, Frank L. Connor and Mrs. Frank L. real property In Umatilla County, isfaction of said execution and all
ceptlng therefrom the right of way Connor, his w lf, are defendants, for Oregon, together with the tenements, costs.
of Furnish Ditch.
| tb, w m of f 4 |.0 0 together with In- hereditaments and appurtenances
Dated this 3rd day of April, 1928.
R. T. Cooklngham, Sheriff of
together with the tenement», hered- tercet thereon at the ra t, of 3 per thereto belonging or In anywise ap­
Umatilla County, Oregon. 32-$
itaments and appurtenance» thereto cent per annum since th , 14th day pertaining, and also all of the estate,
Detroit, Michigan
I....
Lamba
C r a in an d F arm P r e d u c ts an Hand
DeerriptioR
OiYÌMg County sad State
Millions of
Model T Fords
F ord M otor C ompany
T o ta l.
H ora»
SeMaA W ife
Miss Ellen Glasgow, noted novelist,
hud come from her Virginia home <0
snll for Europe, and at the Cosmopoli­
tan club In New York she talked
shout divorce.
"Selfishness is the cause of di
vorce,” Fhe said. “A beautiful Itich-
tuond girl married a young cotton
broker—they’re divorced now—and
one day the poor fellow bad to any
to her:
" ‘Do you know that yonr dress
mnkprs’ hills and beauty parlor bills
ent up three quarters of my Income?-
“ ’My goodness me!’ she answered
*\Vhul <ln you do with all the rest of
your money?” '
..................
FumlM ORAIK a on G r a ik ........... ........• ..................
p g r i~ r t . . .
Legal Blanks for
Sale at This Office
W u t AS» Bring Besalta
DEPARTMENT OF THE INTERIOR
u . s . land office at
THE DALLES, OREGON
Notice Is hereby given that Char-
leg J. Ward of 8tanfWd, Oregon, who
on February i t , 1923, made Home­
stead Entry under Act Dec. I t , 1913,
No. 024293, for N W U . W W U .
Pection 18. Township 3 North. Range
2« Eaet. Willamette Meredlan. has
filed notice of intention to make fin­
al three year proof, to establish claim
to the land above described, before
W. 1. W erner, United 8tatee Com­
missioner, at Hermleton. Oregon, on
the 23th day of April. 1938.
Claimant names as wit
T ax Iwera w r« OR B vi-o O i '
......................
.
..........:: : ■
»
........ ..................
..................
Heistand Moore of Echo, Oregon.
Jesse Richard of Echo, Oregon. Allen
Thompson of Echo, Oregon. Ralph
Richards of Hcrnilstoa, Oregon.
J. W. Donnelly, Register.
IN THE COUNTY COURT OF THE
STATE OF OREGON FOR THE
COUNTY OF UMATILLA
la the Matter of the Estate of Orn
Goldman, deceased.
Notice of Final Hearing
Notice Is hereby given that the nn-
Lcrsigned has filed hig final account
In the abov, entitled estate, and that
Friday, the 4th day of May. 1928. at
tl\e hour of 10 o'clock A. M. of said
day and the court room of said court
in Pendleton, Umatilla County, Ore­
gon, has been fixed as th , time and
place for the hearing and settlement
of said account and all objections
that may b , filed thereto. All persons
Interested are notified to appear at
said time and place and present any
objections they may have to the said
account or any part thereof.
William Holdman.
Administrator of the estate of Oro
Holdman, deceased.
32-Stc.