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About The Hermiston herald. (Hermiston, Or.) 19??-1984 | View Entire Issue (July 3, 1930)
PAGE FOUR IF ICHABOD ORANE HAD A FLASHLIGHT By JOHN a LONSDALE P re.id .n t American Bankers Association lin g ALL remember the story of Icha- ” bod Crane and the beadles» hnrse- There was the dark form by the side of the road— thundering hoofs on tho Sleepy Hol low highway — nnd Ichabod flee ing In confused terror before thia terrible monster. If Ichabod had only known that his hobgoblin was an Inventive rival disguised with a a pumpkin head, he would have John G. Lonsdale had a good laugh and gone on with the business of van quishing his competitor. What Ichabod really needed was a modern flashlight. Thon he would have discovered the trickery at once. Many business men need the flashlight of rnalyrls to nncovor tho hobgoblins in their business and then they might sit back and laugh at their rivals who hesitate to Investigate and learn the truth. At this time, when business and banking are making strenuous efforts to have a clear vision ahead, it is espe cially important that the power of re search and analysis be employed to their fullest extent. When those twin brothers of good management have been pressed Into service in all fields, 1 am confident we shall see a further lessening of periods of stress. How ever, I believe business In general has learned the valuable lesson that any prosperity that Is not leavened with a little adversity would not scorn basi cally safe or sound. THE HEBMISTOB LEGION AND AUXILIARY HOLD MEETINGS JUNE 19 AND 28 Officers to be Nominated for Coming Year and Delegate* for State Meet to be Chosen July 3. The American Legion held their regular m eeting Thursday, June 19. at the Legion hall w ith Post Com mander Harry Kelley in charge. He started the members present clean ing up the building by using the old laundry building as a store room and fixin g up a sm aller room for a m eet ing place. The next m eeting w ill be hold Thursday evening, July 3. when officers w ill be nom inated for the coming year and delegates w ill be chosen for the state meet which will be held at Baker A ugust 14, 18 and 16. All members are urged to be present at this m eeting. The Legion A uxiliary held thoir regular m eeting Thursday evening in the club rooms when regular bus iness was conducted after which sclal hur was enjoyed. At the close of the m eeting tee cream and colk- les were enjoyed by the large num ber In attendance. The next m eet ing w ill be held Thursday, July 10, at the home f Mrs. H. E. Shesely when the members w ill make a T H E NEW FORD PHAETO N RESERVE SYSTEM'S DIVIDENDS ANALYZED Bankers Find Increased Pay ments to Member Banks Would Be Small Inducement Various proposals that member banks In the Federal Reserve System should participate more largely In Its net earnings through an increase in the dividend rate above the present fixed 8 per cent "would bo a very small financial inducement" to them. It is declared In a recent study of this subject by the Economic Policy Com mission of the American Hankers As sociation. This in shown, the commis sion says, by a theoretical forecast, on the basis of the past six years, of ad ditional earnings that would be dis bursed to member banks dnring the next six years under two plans Intro duced in b.lls before the United States Senate. “The Pletcher bill provides that Federal Reserve Bank earnings, after present 0 per cent dividends to mem bers sad completion of a 100 per cent surplus, should all be distributed as extra dividends to the stockholder hanks," the report says. "If the earn ings of each Federal Reserve hank were distributed among Its own mem bers there would be no extra divi dends In the Boston, New York, Phlla- adelphia, Cleveland, Chicago and San Francisco districts dnring the next six years, but the other six Federal Reserve Banks would pay annual ex tras at the following ratos: Richmond, 1.08 per cent: Atlnnta, 4.09 per cent; St. Louts, 8.50 per cent; Minneapolis, 8.81 per cent; Kansas City, 8.48 per oent; Dellas, 4.8S per cent. “If the earnings wero pooled and paid out to all members in all districts each member would receive an aver age annual extra dividend o f .78 per c e n t Under this plan no franchise tax as now would be paid by the Fed eral Reserve Banks to the Federal Government. Another Plan Analyzed “The Glaaa bill would provide th a t after present 8 per cent dividends, one-half the remainder should be paid to member banks os an extra divi dend with tho recldna going to sur plus and Federal Government ns fran chise tax. The average annual extras to members would be a , follows: Bos ton District, 8.81 per cent; New York. .48 per cert; Philadelphia, 8.08 per cent; Cleveland, 8.09 per cent; Rich mond. 8.28 per cent; Atlanta, 4.67 per cent; Chicago, 3.20 per cent; St. Louis, 8.08 per oent; Minneapolis, 4.78 per cent; Kansas City, 8.74 per oent; Dal las, 8.81 per cent; San Francisco, 1.87 per cent. “If these extra funds were pooled the reenit would be an extra average an nual dividend of 1.78 per cent tor each member. Under thia plan the system would still pay as now an annual fran chise tax. amounting to 81,941,998 on the average." By way of concrete Instance, the report says. a member bank having capital and surplus of 8800,000, there for« bolding Federal Reserve Bank stock amounting to 88,000 on which It Is reonhtng 8280 under the present 8 per rent dividend arrangement, would with the addition of each 1 per cent to the dividend rate receive an addl tlonal income of 880 a year. “Tf each member hank will figure out tor itself the dollar and cents gain it would enjoy wo are confident It will be agreed that the gains are small as against the economic disadvantages which can he pointed out," It con- •ludea. T h u rs d a y , J u ly 3, 1930 HERALD. HERMISTON, OREGON. ~T bedside of an old friend who Is quite now in Bly, Oregon, ill. Doctor Reid returned Sunday ) Joe R eeves and two sons of Her- afternoon w hile Mrs. Reid remained miston were Sunday visitors at the Ben Spencer home. In Portland. who has Grandma McFarland, I Clarence Pow ell underwent operation for ulcers of the stomach been w ith her son. A. E. McFarland Saturday afternoon at Hood River all w inter, has returned to her horau hoepital. His father, John Powell, in Grants Pass. Miss Sara Rlx la spending her who waa w ith him at the time, re summer vacation In Portland. turned to his home Sunday, P hyllis Long of Ione Is visitin g her ) Mr. and Mrs. Dobson have sold the Orange and Black cafe and are cousin, Josephne Connell. feather tick which waa donated them to Pendleton Friday. tee under 12 years of age at the gym- into pillow s for the sun parlor at th e | Mr. and Mrs. Ray Chapman and nasium Friday evening. Veterans' hospital in Portland. .son. Donald, motored to The Dallea. Mrs. Jenny Bailey left for W alla Thursday returning Saturday. |W alla Sunday where she w ill spend Irene Fromdahl. who has been vis the summer. Itlng relatives In North Dakota, re- Mrs. Ir .in Chapman returned Sun- HAVE YOU BEEN TOLD turned to her home Thursday. day from a visit with her parents That beenuse one gets seasick Is not ( Mr an(j Mrs. Francis Hanson have in Portland a certain sign that one will be a vlc- recently moved into Mrs. V elgs little | Dwight Mahoney and Mrs. Laura tim of airsickness? house which was formerly occupied Todd motored to Kennewick Sunday, by Mias Dora Reeves and Miss Rosa ' p , and Mrs. Alexander Reid were That one of I he |M>lnts most emplia called to Portland Saturday to the slxed In giving |>ros|>ectB a demonstra Rtcco. Lorine Lash left Saturday for a) tion o f Hny ulrptane Is the low land v isit with relatives in and near Port log sjieed? land. That one of the speclnl stunts oi Mrs. D. C. Mahoney spent Friday British army flyers Is picking up In Portland. messages strung upon a string be Mr. and Mrs. Bly and son Stanley I tween rifle butte held by ground were Spokane visitors Saturday. troops? Harold Johnson and b is mother of Condon visited at the Harry Jones | AMERICANISMS home Saturday morning. W ill Amon of Kennewick spemt ; Street Pray des. Saturday at the D. C. Mahoney home. Francis Stephens and Dan Foord Athaletlc Stadyuma. motored to W alla W alla Saturday j where they visited w ith W ilbur H an Whispering Baretones. son and returned home Sunday. REDHEADS Companyunut Merrhlge. Mr. and Mrs. D. C. Chapman and ' The impression that redheaded fam ily spent the week-end in S p o -, people are brighter than the general kane. run is widespread. A New York res Subscribe for The Herald— 12.00 Misses Ruth and Naomi Brownell ! taurant lately dismissed all of its old staff of waitresses and now employs of Portland are v isitin g w ith friends j only redheaded girls, 55 in all. The and relatives in Umatilla. management reports that the service Mrs. Fred Knudsen visited Mrs. had been greatly improved. Another Doesn't Look. His Years Buttcrwood In Spokane Saturday. New Yorker, a manufacturer of specialties, for years has employed She reports that Mrs. Butterwood only redhaired men and girls, several hopes to be home in tw o weeks under hundred of them. care of a nurse. Red hair is said by scientists to in Mr. and Mrs. J. Marshall have re dicate a strain of Scandinavian blood. The Scandinavians have been rovers cen tly moved into the Spinning for thoqsands of years, and have ieft house formerly occupied by Mr. and their strain in the blood of the people Mra. R. L. Skeen. of many lands. 1 am inclined to agree Mr. and Mrs. Fred Knudsen re with those who maintain that red hair indicates a quick intelligence and a turned Thursday from a few weeks high degree of nervous energy. visit in the east. Mr. and Mrs. Steve Hortsch and GAMBLING fam ily returned from Mount Angel Two brothers named Dougherty Sunday and have rented the D. R. bought for $1 a ticket in a Canadian Jlnawnell house form erly occupto't sweepstakes on the Derby horserace. y Mr. and Mrs. Francis Hanson. They won the grand prize of $179,000, went to Canada and collected the Mr. and Mrs. Harry Rodenbough money. If they are ordinary human and Mrs. Wm. Sw itzler motored to beings, their "luck” will probably ruin Kennewick Saturday evening where them. If they have more than the they attended a show. An eight and one-half pound son was born to Mr. and Mrs. Ursel H iatt Saturday at the Hermiston hospital. Mother and baby are doing fine. The chldren’s day program Sunday was quite a success though there 1 were not many cut for Sunday school. A plan has been adopted wrereby all those attending for six ! HERMISTON consecutive Sundays w ill be given a picnic. It is hoped that this w ill be Thomas A. Edison, returning from ,n incentive for more regular at- f • Winter in Florida, looks ten year: younger than his 84 years and is plan tendance. x ning additional work. “A man must Posters and tickets are now being keep busy,” he says. distributed for the Tom Thumb Wed- | ding which Is to be given by the kdd average of horse sense, it may be the foundation of a stable fortune. “Easy come, easy go," is a rule to whi.li there are few exceptions 1 have known many successful gamblers, but only one or two who were able to keep their money after they had won it. One family prominent in New York society owes its foundation to the old Louisiana Lottery. After “clean ing up” in New Orleans the founder -of the family had sense enough to in vest his winnings in property which has steadily increased in value, and his grandchildren hobnob with the Astors and the Vanderbilts. But for every such ins/tnee as that, 1 could point out a dozen where winning something for nothing has literally ruined men who might have amounted to something if they had to work for every dollar they got NAM ES The newly-discovered planet will be named Pluto, following the custom of giving classical names, such as Mars, Venus, Neptune, Saturn, etc., to the heavenly bodies. That is a more sen sible system than prevails in most parts of this country in giving names to towns and places. A classical-minded official of New York’s early days gave names out of ancient Greece and Rome to the un settled townships, whence we have such' cities as Syracuse, Rome, Utica, Troy, Niobe, Ilion, Ithaca, Carthage, Pompey and many others whose names mean nothing whatever in America. The early settlers lacked imagina tion. Otherwise we would not find in one county in New York the towns of Chatham, North Chatham, East Chat ham, Chatham Centfe and Old Chat ham. Portland, Oregon, got its name because the two men who founded the settlement tossed a coin to see which should name it. One came from Boston, the other from Portland, Maine, and the Portland man won. And St. Petersburg, Florida, got its name because the man who first settled there was a Russian. PIONEERING More than four-fifths of Alaska is as yet unexplored and unmapped. A group of young American engineers will start soon surveying a highway through the Alaskan wilderness. I talked the other night with a young German nobleman who was about to start for Peru- in an airplane, with American engineers, to investigate the practicability of a railroad over the Andes to open up new land for Ger man colonization. The same day I met an American engineer about to start for Abyssinia, to build a dam there. The world is still full of adventure for those who have the same sort of pioneering spirit which actuated the forefathers of us who live in the United States today. It will be cen turies before the whole world has been fully explored or even partly settled. WATERWAYS There is a revival of interest in the project to connect the Great Lakes with the sea by a ship canal. Some interests want to make it an inter national route, using the St. Lawrence River. Others advocate the taking over of the Erie Canal, which connects Buffalo, on Lake Erie, with Albany, on the Hudson River. Army engineers have reported that a 25-foot channel or even a deeper one, all the way from New York to- Buffalo, is entirely feasible. The opposition comes mostly from the railroads The Erie Canal was built before there were any railroads; other wise it never would have been built. It made New York the dominant seaport through which commerce to and froto the newly-opened West flowed. MACMARR stores A REAL B A R G A IN AT ‘4 4 0 Bumper« and «pat* •Ira a x ira .> T hr new Ford P haeton is a real bargain at $440 b eca n n o f its beauty o f lin e and color, safety, com fort, speed, power, quick acceleration, ease o f control, econom y, reliability nnd long life. H ere is every* thing yon need in a m otot car at an unusually low price. CALL OR TELEPHONE FOR DEMONSTRATION Rohrman Motor Co. OUR SHOP IS MODERN OUR SERVICE WILL PLEASE Phone 571 Hermiston, Oregon Stone’s Division PHONE 241 UMATILLA ITEMS Mr. and Mrs. W. R iggins of Port land spent Tuesday with Mrs. R ig gins sister, Mrs. Harry Jonea. Mr. and Mra. E. McNabb motored to Pendleton W ednesday. They re turned Saturday evening. Raymond McNabb, who has been In the Em an uel hospital In Portland for the past two weeks Is allowed up from his bed each day In a wheel chair. The report is that he w ill be out of the hospital In about a week. Mrs. J. E. Berwlak returned Thurs day from a visit w ith her father at W illow Creek. Word has been received here that Charlie Bennett, formerly of Uma tilla, has been married. Mr. and Mrs. Harvey Carlyle who have been residing In Spokane, re turned to Umatilla Thursday morn lng. Mr. Carlyle has his old Job. Mrs. A. E. McFarland and E ffie Bulock spent a few days In Portland last week, having gone to the home o f thcjlr i|a.jent8 for thqfr golden w edding annlvc. ary. The Ladles Aid held their regular bi-m onthly inoetlng Thursday after noon at the Community hall. Lunch eon waa served by Mrs. Frank Clark and Mrs. Jack Cherry. Mrs. Theresa Bullard has gone to Th< Dalles for her summer vacation. Mr. and Mrs. Harry Jones motored It w ill urprtee you how much we can save you during the year on your shoe bill. All we ask la that you bring your shoes to us for repairing in ample tim e so we can do a good job. SHOES DYED ALL COLORS BOW MAN SHOE SHOP SBÂSONM NOW— OUR JULY JUBILEE! THIS “RED HOT" FOOD EVENT IS CHUCK FULL OF VALUES DEMONSTRATING OUR ABILITY TO SAVE YOU MONEY. PROFIT BY THE LOW PRICES BY COMING INTO OUR STORES AND CELEBRATING OUR JUBILEE FOOD EVENT WITH US. S A T U R D A Y A N D M O N D A Y SA LE CHOCOLATE- -Ghinu Je'Ji’« LARD Ground sw eetened Chocolate and Cocoa. 3 Lb. Can ....................... ARMOUR'S STAR Pure— Fresh 98c 8 Lb. Pall $1.33 CATSUP DEL MONTE or SNYDER’S COBH MEAL PUFFED WHEAT Sperry’s W hite or Yellow The Food Shot from Guns 29c 9 Lb. Bag ...... SHRIMP WHEATŒS Fancy Dry Pack For summer salads EAST RTFBCTITR MAY RR TO I RRTURM LUOT M T . >1, I« » « Redwced faresati partsefaaetiRbetalstop overs. Fine traust modern eaaipmenl; splendid srrrice, scenic routa. Short side trips enable yon to visit — RIOM NATIONAL PARK ORANO CANTON NATIONALPARK BRYCX CANTON NAT8ONJU. PARK TKLLOWrrONB NAT8ONJ8L PARK ORANO TETON NATIONAL PARK R M K T MOUNTAIN N A f L PARK U N IO N P A C IF IC BOUND TR IP TO of . n v cr <?.»• O M A H A .................... 7»XS K A N S A S C IT Y .... » » .to fiT . L O U IS ............. « 4 4 C H IC A G O .............. M A i D E T R O IT ..........Ito .S T C IN C IN N A T I........It o - t S N E W O R L E A N S IS » .I C L E V E L A N D ........ IS ».« TORONTO 111.1 ATLANTA 1M .4 r iW S M C R G N 11 " W A S H IN G T O N ....86 P H IL A D E L P H IA 1« N E W Y O R K ....... 1« B O S T O N ........... - 25c 5 Ox. T in s ....................... KOODLES LOW FARES 2 Lb. Package ....................... Done by experts at the Hermiston Barber Shop Also a Specialty of . FACIALS SCALP TREATMENT FINGER WAVING SHAMPOOING W hite Star— “Chicken of th e Sea’’ 7 Ounce Can 19c P.&G. Soap” 45c 2 For ___ ’“,8~’39c Fels Naptha Soap PICKLES Kerr*» Best 59c PIC K l F .8— Kerr’» No. 10 (G allon) D ills....... Sw eet. Sour or Dili»— Wonderful Summer Delicacy. 2 1-Pint Glass Jars 15c TURA Macaroni and Spaghetti Good quality hard w heat Latest Stylesof Hair Cutting 25c 2 Packages The whole Crain W heat Flakes 2 Fackagca 43c 2 Large B ottles No. 10 (G al) Sours.. 45c 75c $1.25 MATCHES TOILET PAPER Buffalo Brand— A good quality Match at a real saving. A fine grade tissue. 6 Large R oils ----------------- 6 'Box 37c Carton ___________ 15c Every W eek Day but Saturday F. C. WOUGHTER A gent. Hermiston, Oregon Ladiet Phone M l For A ppoints rat W M . SH AAR ORONITE FLY SPR A Y PUTT'S---- Q u i t s ..... K ills them Dead— Does Not Stain. GALLONS KITS ------ 39c
