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About The Hermiston herald. (Hermiston, Or.) 19??-1984 | View Entire Issue (Sept. 11, 1930)
RADICAL CHAN6ES r TRANSFORM BANKING National Commission Sees i Changing Opinion on Branch Banking Issue— Studies Group and Chain Banks. I —Modification of the s t irs on the long disputed r question Is forecast In report covering rapid on In banking Issued onomic Policy Commle- merlcan Bankers Asso- report, however, after cent proposals that na- ■ given braneh hanking the business territory heir location, declares it believe that so-called snch banking Is likely pport of any large per- banklng fraternity.** Ion says that the “most elopment that has af- an banking In recent i the rapid growth of ng organisations In the chain and branch bank- and adds that “we pre- irt as an unprejudiced r and have no theories irge at this time." The i that the commission’s dlcates there are now chain bank systems, 1922 banks and »15,285,- fregate resources, and only six states and the imbta where It does not i organizations, tslon’s Investigation * een in touch with the ___ _ many important hank groups,” the report says. “Aside from the obvious economies of centralized operation and control a number of these organization heads very frankly tell us that they do not feel that the system has been in operation and tested long enough to Justify them In making positive or sweeping state ments as to Its advantages or disad vantages compared to unit banking. “The Banking and Currency Com mittee of the House, which Is con ducting an Investigation TDto banking developments, has called a number of operating heads of some of the great group systems. These men declared that they found, under certain condi tions, definite operating and economic advantage In both group and branch banking over Independent unit bank ing. Some thought group banking was only a transitional stage, that branch banking was preferable and If it were permitted on an extensive enough scale they would change their groups over to braneh systems. Others held that group banking was preferable. “Some held that the Ideal plan was a combination of the two with group bank units for localities strong enough to support complete banking institu tions and with branch offices extend ing further Into the smaller places requiring banking services but not large enough to support complete banks. Several of 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 Express Views "The Comptroller of the Currency recommended that national banks be given branch banking powers within *trade-areas.* The Governor of the Federal Reserve Board appeared to Be In general agreement with the Comp troller. H e said there were 24,«45 banks and 2,547 branches, a total of 28,122 banking offices; that In this total, 8,253 offices were either branches or bank members of groups, or both, leaving 21.8M banking institutions that might be definitely termed Inde pendent unit banks, having no branches an8 in no way connected with group affiliations. He said all the banks had total loanr and Invest ments of »58,500,000,000, of which the group and branch systems held »30,- 000,000,000, or more than half. “He opposed nation-wide branch banking at present but said that ulti mately It bankers became trained and experienced in the larger technique of ‘trade-area’ banking he thought It would In time evolve nation-wide branch 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 group banking which, however, he said represented an eco nomic development along ‘trade-area’ Unas and weald spread unless son thing else were substituted and thought *trade-area* branch banking would this purpose., is the Intention of the Commis to develop Its own studies In questions, watch carefully every that la made and every bit of .tlon that may develop in this and keep Itself prepared ^ it s< «he tacts of that Is desired." t Slot« Pair Exhibit Attracting Finest of Nation’s Cattle Salem, Ore—(Special) — Cattle from the finest herds In tbs United States are assured for the Oregon State fair this year, with the an nouncement that all danger of in fection will be eliminated by rigid adherence to the new rule provid ing for compulsory contagious abor tion tests for all anlmala entered la the dairy exposition. It was de clared by officials recently. The disease-tree exhibition here Sept 22 to 28 will be the first of Its kind ever held, and contrary to early predictions the stringent con ditions are attracting a much larg er number of cattle from exhibitors who heretofore have been hesitant In allowing their finest animals to be entered in fair competition. Applications from new livestock exhibitors are coming In rapidly, according to Mrs. Ella S. Wlbon, secretary of the state fair board, with many from midwest and east ern farms. Among the new entries are: Troutmere Guernsey farm. La Honda, Cal.; F. F. Pellisiers 4k Sons. Whittier, Cat; F. M. Roth- rock Co., Spokane, Wn.; Sunny Croft Stock farm, Monroe, Wli.; Lllllard Stock farm, Arlington, Tex; R. E. Struts A Sons, James town, N. D.; Oieon Bros., Fargo, N. D.; Woodhull Farms, Darlow, Kan.; Franklin C. Beatty, Walla Walla, Wn.; Flathead farms, Kal ispell, Mont; C. P. R. farms, Strathmore, Alberta,; and Charles Ule, Carstairs. Alberta. Entries In all branches of the exposition are coming In dally, and are far ahead of last year’s record In nearly all departments, It was announced. With »80,000 la pre mium« and pursee, In addition to »17,600 In prises for horse racing events, offered as the reward for exhibitors, the fairgrounds are ex pected to be taxed to capacity to accommodate scores of later en trants. Many Entries In Rabbit Shew Salem, Ore. — (Special) — The largest rabbit show sponsored by any similar exposition west of the Mississippi river will be held In connection with the Oregon State fair here, Sept 13 to 28, it has 1 announced. THEATRE HEW S • Show Girl in Hollywood," which is coming to the Oasis Theatre Fri day and Saturday with Alice White, Jack Mulhall, Blanche Sweet, Ford Sterling, John Miljan and other nota bles In its stellar cast, goes behind the scenes of Hollywood life. According to Mervyn LeRoy, who directed It, the picture is the first that combines wth a realistic and human love story an accurate picture of what goes on in the studios, the Hollywood cafes, the stars’ and direc tors* apartemnts and homes. More over, It shows exactly how pictures are filmed from the first ‘‘Story con ference" to a final success scored by re-cuttlng a flop." the Oasis theatre on Sunday and Mon day next, all for a lady takes the steering wheel In one hand and his llfellfe In the other and coara away Into the peaceful heavens— upside down and then— Thia hilarious farce comedy, which Is a continual succession of roars and gaspe, presents Edward Everett Hor ton, the famous comedian, as "The Aviator," opposite Patsy Ruth Mil ler as the girl. W arner Bros. Representative Here. S. Milligan, Warner Bros, picture representative, of Portland, was In Hermiston Friday and Saturday look ing after business Interests connected with his company. UMATILLA ITEMS J They told him he could learn to fly an airplane without going out of bis own room. He made an attempt to abeorb suf- Mrs. Mabie Lash and daughter, flcent Instructions in one day, with Lorlne, accompanied by BUI Ixing- out revealing the facts to outsiders, to enable him to make his first trip In an aeroplane as the pilot of a wildly stunting ship. The hero of the Warner Brothers Vltaphone production “The Aviator,” scheduled to open an engagement at Oil K ingit 9Ï It w ill urprtee you how much we can save you during the year on your shoe bill. All we ask is that you bring your shoes to us for repairing lu ample tim«: so we can do a good job. SHOES DYED ALL COLORS John D. Rockefeller, Sr., photo- aphed on his 91st birthday, looks ip ir r health than he did a year ago. BOWMAN SHOE SHOP good of Starbuck, motored to Walla Walla Thursday. Lorlne Lssh spent Friday and Saturday visiting In lleppner. Paul Walsh went to Portland Fri day night after his car which was stolen in Pendleton last Saturday while attending the Round-Up. Mr. and Mrs. Harry Jones went to Canada Thursday night where Mr. Jones was called because of the ill ness of his aunt. Joe Dolber and Fred Finn of Louis iana, visited at the home of Mr. and Mrs. FredKuntson. Joe Dolber was a former resident of Umatilla. Lorene Lash left for Milton, Ore gon. the first of the week where she will attend school. Pete McNabb and son Raymond accompanied by Will Shepard and Lew Brownell motored to Portland Sunday. x Mr. and Mrs. Frank Carlyle from Palmer, Idaho, visited at the home of Mr. Carlyle’s brother, Hal-vey Car lyle, several days last week. J. Brown and son Lyle, motored to Pendleton Monday. Calvin Horsely is visiting his sis ter. Mrs. Pete McNabb. Mrs. At Foord. Mr. and Mrs. Harry Granimcr and daughter, Reta Mae, and Mr. and Mrs. Vivian Martin, and daughter, Annabelle, were Pendleton visitors Saturday night. Mr. and Mrs. George Butterwood motored to Wala Walla Friday. Mrs. Llyde Tilden of Hermiston was a visitor at the Ursel Hiatt home Saturday. N e w F o r d T r u c k W it h C lo se d C a b S ave Y o u r Eyes Dr. H. C. Gurry Salem, Ore. — (Special — The fastest horse races in a decade are predicted for the 89th Oregon State fair here, Sept 22 to 28, with many sew stables entered In competition tor the »17,600 In prises. , Food knowledge of twenty years ago is as out of date as an automobile, or woman’s hat of that period. Nobody knew much about Vitamins then. The purpose of eating was to satisfy the appetite, with little regard to nourishment of the body. Then came Dr. E. V. McCollum of John Hopkins values based on those hitherto little known sub stances, the Vitamins. Hundreds of scientists, after McCollum, have firmly established this newer knowledge of human nutrition, which now is accepted as a matter of The homemaker of today, in planning the family SPECIALIST meals, makes sure to Include foods that will sup OF SEATTLE ply the Vitamins— particularly Hermiston for 15 years will again Vitamin A, the body builder. Butter Is one of the most accessible and plenti ful sources of Vitamin A. Dr. McCollum says: Butter should be used as a HOTEL HERMISTON spread and in the preparation of various food dishes Thurs.» Sept. 18 whenever possible, for a liberal supply of Vitamin A Is better than the minimum on which growth is FOR ONE DAY possible. Eyes Examined A -.i.,1 i Hermiston Creamery Glasses Ground and Fitted CHARGES REASONABLE EW Ford Model AA tracks and top material and Is easily removed. Model A light delivery ears Both cabs are equipped with wind were announced this week by shields of Triplex shatterproof glasr the Ford Motor Company and are and on vacuum type windshield wipers. display In the show rooms of Ford Model AA trucks may be had with a dealers. platform body, which can be equipped Changes In the tracks are prin with stakes or a panel body. The cipally in the front end, which has chassis has many Improvements, In been completely redesigned, and In the cluding the four-speed transmission, cab. The radiator la higher with more larger front brakes, stronger springs, cooling surface, fenders are wide and power take-off opening and optional flowing, and a black cowl atrip add« a dual rear wheelx note of distinction. The Model A line of new commercial The new Model AA tracks with the four-speed transmission introduced cars comprises a light delivery truck several months ago may be had with with pick-up body, a deluxe delivery enclosed or open cab. The enclosed truck, a small panel truck and a sta cab, shown above. Is all steel. It le low tion wagon. These cars have the In appearance yet with ample head smaller wheels and larger tlree of the room. The open cab la of black rubber new Ford passenger cars. N Stanfield Sept. 19 Company THE BEST MONEY CAN BUY-W HY PAY MORE Save T IM E Y O U N E E D Food Habits— Then and Now course. THE OLD RELIABLE EYESIGHT he *t the Fast Horses Promised Mrs. A1 Foord and Mrs. Harry [ Stever’s sister, Mrs. Ada Chapman, Crammer spent Wednesday In Pat Sunday. terson, Wash. Wm Shepherd spent the week-end Mr. and Mrs. Robert Hoeft and In Portland. (amlly spent Monday afternoon at Frank James was a Pendletvu the Ted Carrol home. visitor Monday. Mr. and Mrs. Llewlyn left last week William Logan and Mr. Edwarls by motor for New York where they returned from Baker the first of the expect to spend some time. week after spending several days vis Llyle Brown. Dan Foord and Don iting in that city. ald llnrryman attended the show In George Kendler of Pullman. Wash Pendleton Saturday. ington, la visiting at the home of his Mr. and Mrs. Luke Weatlieral and parents, Mr. and Mrs. George Kend childreu spent the week end visiting ler, Sr. relatives In Arlington. Mrs. John Horsely and Mr«. Geo. BUI Roberta Is visiting in Port Kendler motored to Walla Walla land. Monday. Among those attending the show Verizon Joury stopped in Umatilla Tuesday and visited friends while on "Twin Beds" In Hermiston Sunday were Clara Corrigan. Mrs. Jack his way to Spokane. Mr. an,j Mrs. Wilburn Stever of Cherry, Mrs. A1 Foord, Mrs. James Irrigon visited at the home of Mrs. and Mrs. Harry Grammer. University, bringing out a new knowledge of food Who has made professional visits to Goodyear means minimum road trouble, maximum mileage. Steps , Circulars Invitations L e tte rh e a d s Folden • Card S ta te m e n t s Envelopes Billheads High Pressure . $4.89 $34.10 32x6 (10 ply) - - 29x4.40 Balloons - - $5.55 - $6.35 30x4.50 Balloons Others in proportion. G E T O U R PRICES An extension telephone will save many steps. It will make prompt answering lags of the Federal Reserve System's twelve regional banks have amounted to H15.218.000, of which »90.872.000 I paid to the memoer banks as __ , representing 8 per cent an- ____ . on their contributions of capi tal to the reserve banks, while »277,- 484.000 has been added to the surplus of the reserve banks and »147.110,000 hao been paid over to the Federal Ooronuseat as a franchise tax. PAGE TB «MTj meBlQSTOB wgW-ALQ, HEBAgSTON. OBTOQK. THURSDAY, SEPTEMBER 11, USO much easier. And this conven ROHRMAN MOTOR CO. ience costs but a few cents a day. Just call our business office, or give OUR SERVICE GUARANTEED OUR SHOP IS MODERN your order to any telephone employee. T he P acific T elephone A nd T elegraph C ompany ......... ¿ AUTHORIZED SALE j AND SERVICE HERMISTON, OREGON PHONE 571
