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About The Hermiston herald. (Hermiston, Or.) 19??-1984 | View Entire Issue (June 27, 1935)
WANT ADS FARM CO-OPERATIVE DIVISION | A PAGE FIVE THE HERMISTON HERALD, HERMISTON, OREGON. THURSDAY, JUNE 27, 1935. MESSAGE NEW LOW RATE ANNOUNCED BY FEDERAL LAND BANK By using the cooperative financ ing facilities which are available through the Federal Land Bank, lo- cal farmers may now obtain first mortgage lean' at the lowest rate in agricultur il history—4 per Passing along full benefits from the present cheaper money market, the Land Bank put this record low interest rate into effect on Monday pt i his wees tone 24), according to word received from President E. M. Ehrhardt. This is the third successive reduc tion by this cooperative mortgage institution in three months. On April 1 a reduction was made from 5 per cent to 41, then 4‘ on April 10 and now 4 per cent on new loans closed through and indorsed by lo cal borrower-owned associations which hold an investment in the bank's capital stock. These reductions were automati cally brought about by the market ing of new bond issues to the invest ing public. The rate of interest charged on new loans made through and guaranteed by local farm loan associations may not exceed by more than 1 per cent the rate of interest borne by bonds last issued by the bank. The recent offering and oversubscription of 3 per cent bonds thereby established the new base lending rate of 4 per cent, allowing 1 per cent for operating expenses. Loans made directly by the bank without local association indorse ment bear one-half of one per cent higher rate, or 4 % per cent through the new reduction. “While the new reduction applies only to new loans closed after June 24, all Land Bank borrowers have been given a temporary reduction until 1938, under special provision by congress”, President Ehrhardt explains. “Emergency Land Bank ‘commissioner’ loans, however, made out of a special fund, are not affec ted and will continue to bear 5 per cent interest. “The Land Bank was organized in 1917 to give farmers a dependable source of first mortgage funds at lowest cost, and it has steadfastly fulfilled this mission, operating on the cooperative principle for con structive service to agriculture.” Simultaneous with the reduction of interest on new Land Bank loans, A. C. Adams, president of the 12th district Bank for Cooperatives, an nounced a corresponding reduction of interest to 4 per cent on facility loans closed after June 24 to coop erative marketing and purchasing associations. Soy Beans for Paint The soy bean growers have a new outlet for their product, for It has been found that the bean Is valuable in the mixture of paint. Manufac- turers of paint have found that a cer- tain amount of soy bean oll can he blended with linseed oil in the prepar- ation of paint and excellent results ob tained. It has been found that soy bean oil makes the paint film glossier, tougher and more durable. The bean oil is semi-drying. Horse Has 40 Teeth In order to help the purchaser of horses to determine to some extent the age-of the animals being bought, the ‘ “ has issued Department of ■ Agriculture a bulletin which illustrates the shape and condition of the teeth of the an Imai from the milk teeth on to the age of twenty. The male horse has 40 teeth If equipped with his full com- plement, while mares for some reason have four less. Agricultural Matters Co-operatives are being organized among cotton growers In China. Horses that sweat freely, authorities say, seldom suffer from sunstroke. Farmers own and operate 26 per cent of all the motor trucks. Of every steer weighing 1,000 pounds, 875 pounds Is used commer- daily. Erosion Given Attention. HEPPNER—Morrow county farm ers are being increasingly conscious of the desirability of controlling both wind and water erosion in the coun ty, reports Joe Belanger, county agent. Most of the work that has been done along this line in the county so far has been for the pur pose of controlling water erosion, but, as was emphasized In a recent tour of the erosion district at Ath- ena, basic control is the same for wind as for water eroeion. EUGENE—A venture in vegetable seed production is being started this year by several farmers on the north fork of the Siuslaw river near Flor ence. Hana Peterson and Ralph Johnson will each have one acre of beets for seed and Elmer Johnson an acre of cabbage, and another The plantings this year are ’■ the nature of an experiment and if sue- TO EVERY MEMBER. Canning Schedule JULY 1 to 6. From 8:00 A. M. to 3:30 P. M. 1:00 to 3:30 P. M. 8:00 to 11:00 A. M. No. 21 can Peas MONDAY—No. 2 12 can Beans No. 2 can Peas TUESDAY—No. 2 can Beans No. 2 1 can Beans WEDNESDAY—No. 212 can Beets No Canning. THURSDAY—No Canning No. 2 can Peas FRIDAY—No. 2 can Beans No Canning SATURDAY—No. 2 12 can Beans Laundry and Cannery will be INSURANCE RATE LOWERED ON CLASS ‘A’-‘A-B’ SCHOOL BLDGS. SALEM, Ore., June 26 (Special)— School districts having buildings of Class “A” and Class “A-B” construc tion have been resurveyed at the request of Hugh H. Earle, Insur ance Commissioner, with the result that the Oregon Insurance Rating Bureau has tiled a new schedule making a substantial reduction in the rate on school buildings of the above classifications. Commissioner Earle feels that due to the better construction of school buildings in the past few years loss es have been lower to the extent that the reduction is merited. Earle states that re-surveys of other classes of risks will be made during the year. Westland Dance Saturday. The regular Saturday night dance will be held at Westland June 20. Music by the Merry Makers, The usual good time is anticipated. THE COOPERATIVE MOVEMENT BY E. F. DUMMEIER, Professor of Economics and Agri cultural Economist, State College of Washington, Pullman. (From the Grange Bulletin) UPSTAIRS APARTMENT FURN- ished with ice box. Carter Apart- 44-ltp ments. DAVENPORT; PLATFORM SCALES, saddle. Hermiston New & Second 44-tfc Hand Store. SADDLE HORSES OR WORK horses for sale. See Marian Hen derson, Hermiston. Phone 561. 40-tfc APRICOTS—BIG CROP, RIPENING To Try New Spud Varieties. July 1 to 20. Orders for reserva tions acceptable. Ten pounds peach PRINEVILLE —Three new varie es free with 100 pound apricot order Bring boxes. Edmonds Orchard, 2 ties of potatoes recently received fog miles West of Umatilla. 42-3tp trial at the Oregon experiment sta tions and in a limited way in demon BABY CHICKS—TWO HATCHES strations in the counties, are being each week. Large or small orders. tried out this year by George C. Started chicks. Come, see what you Truesdale, certified seed potato buy. “Vigorbilt” Hatchery, Hermis- 31-tfc grower of Powell Butte, in coopera- ton. Ore. tion with W. B. Tucker, county ag- ent. These are Chippewa. Golden Find New Way of Fooling Ewes. and Warba. Warba is an extremely LAKEVIEW — Two Lake county early variety, resistant to mild mos- woolgrowers, Ed Bosbyshell, Dry ale. Chippewa is somewhat earlier Creek and S. R. Hanson, West Side, than Katahdin and in some tests have found that bummer lambs can has been found to produce better, be grafted on ewes by rubbing kero is resistant to mild mosaie and sene on the lips and under jaw of yields a high proportion of number the ewe and on the lamb to be adopt ones. Golden is a yellow-fleshed ed. They recently reported to Coun variety about which there is little ty Agent V. W. Johnson that this information to date, but it is also method is just as successful as the said to give a high yield of first common one of fastening fresh pelts grade potatoes. THREE 20-ACRE FOR TRADE tracts, improved and good build ings, and three houses in small closed July 4. town, buildings and stock of goods for wheat ranch. Forty acre dairy ranch for stock ranch. Three good Made Striking Savings. 20-acre tracts here for sale cheap. The Rochdale pioneers made strik Fine ten acres easy money cheap. ing savings, and many other stores Lot of other deals. E. P. Dodd, Her- 44-ltc were organized under the same gen miston. eral plan. A wholesale division to supply the retail stores was organi zed, and the whole movement en joyed a steady growth. In the United States, the coopera tive movement as an organized movement in buying and selling dates from the period following the Civil War. An important part in promoting the early stages of the movement was taken by the Grang- es, which grew rapidly in numbers from 1868 to 1875. Other farm or- ganizatlons later also encouraged the movement. From these early days to the pres ent time the cooperative movement has had a number of ups and downs, but it is now in a stronger position than it has ever been. In 193 2 the total sales by farm ers’ cooperative associations in this country which reported to the fed eral government amounted in dol lars to more than 30 per cent of the total gross cash income from farm production for the country. This in cluded cooperation in both buying and selling, and involves some doub Not unknown tires Not just le counting because of products pass ordinary tires. But genuine notionally- ing through the hands of more than • advertised U S. Tires! They give you all one cooperative. It also includes the costs of some services of a manufac turing nature performed by coopera tives. Nevertheless, at the present time close to one-fourth of all farm products are marketed through co- operative associations and purchas ing by farmers through cooperative associations is of large importace. Cooperation is a method of eslf help by working with other people. Nearly everything we do in a civi Washington In Front Rank. lized country involves some coopera Washington is one of the leading tion. Broadly speaking, in a demo cracy all government activity and states of the union in the percentage of its total farm products which are most business are cooperative. The farmer and transportation company, marketed through cooperative asso for example in the production and ciations, and it is also one of the marketing of grain. The private cor leading states in cooperative buy poration, as another example, Is a ing. Not all cooperative endeavors particular form of business organi in this state have succeeded, but zation in which different owners of many of the successes have been capital unite their resources and outstanding and have afforded the work together with the hope that farmers large benefits. The coopera they may profit by doing this. “Co tive purchasing of gasoline and eth operation” and “the cooperative er products through the Grange Sup movement,” however, are usually ply companies, fostered by the Wash used with a more narrowly restrict ington State Grange, is one of the ed technical meaning They refer to most recent of these outstanding people working together in an orga successes. Cooperation offers to farmers nization for the purpose of making savings in performing a service for large possibilities of benefits. but the members themselves of that or It is not a magic word or a substi ganization. In contrast to this, oth tute for good business methods. er business activity is conducted us Among its possibilities of high ually with the hope of a profit from importance is that of reducing costs. performing services for other peo This however, must come to a great ple. some times with the hope of < xre i from the reduction of compe- exploiting other people without per- | titito wastes, and foregoing of non- forming genuine services. essential services. To be cure, In The idea that cooperative associa many cases, cooperation is the means tions are for the purpose of perform of breaking monopolies or price ing services for the members of agreements by those with whom the these associations is Included in the cooperators would otherwise * deal. Capper-Volstead Act of 1922. This But even in these cases the appear act was originally passed by cong ance of the cooperative often results ress to free cooperative associations in the previous monopolists cutting of farmers from undeserved prose their prices, and unless the coop cution under anti trust laws. More erative Is economically conducted, it recently this act has furnished the fails to survive in the following legal definition of an agricultural price battle. cooperative association which is en Reduces Waste. titled to be so considered in its deal ings with certain federal credit ____ - have but Selling cooperatives agencies. To be regarded as a coop little power of arbitrarily fixing erative association under the Cap- prices, but in many cases they have per-Volstead Act, an organization large possibilities of reducing waste must have the following features: and improving the general condi tions under which the product is Essential Features. marketed. These possibilities are not ( 1 ) No member may be permitted the same in all cases. In some cases to have more than one vote regard the greatest possibility is in redu less of the amount of stock which cing costs through the handling of he owns or capital he supplies to a large volume. In some cases it is in improving the grading and stan the organization, or • dardization or other services involv (2) The association may not pay ed in handling the product. In some dividends on stock or membership cases it is in extending markets by capital at a rate exceeding 8 per advertising, or improved methods of cent per annum, and In either of selling. Nearly always when the co- the above cases, operative method of selling has suc (3) The association may not deal ceeded and benefited those who par in the products of non-members to ticipated, it has resulted from one a greater extent in value than such or more of the following: (1) bet ter products; (2) reduction of mar as are handled by it for members. keting costs; (3) better selling. The cooperative movement in Essentials for success In coopera some form is older than civilization tive marketing include the follow- itself, because there has always Ing: (1) members cooperatively in- been much cooperation, even among clined and willing to do without primitive savages. In the more non-essential services (In buy-, limited and techncal sense, however, costly one of the most costly of these cooperation on an extended scale is Ing, is often credit); (2) an assured vol of more recent origin. A noted his- ume of business sufficiently large to * lis history of torian in an * industrial economic operation possible; England says, “The cooperative make (3) skillful and economic manage- movement as a definite continuous ment. Including adequate financing development dates from the organi- and Failures where they zatton of the Rochdale ‘Equitable have accounting. have usually been Pioneers’ in 1844. This society was due to occurred not observing these essen- composed of twenty-eight working weavers of that town, who saved one tials. A true cooperative spirit, one of pound each, and thus created a capi tal of twenty-eight pounds, which the essentials for a successful co- they Invented tn flour, oatmeal, but operative movement, not only af- ter, sugar, and some other groceries. fords possibilities for financial gain They opened a store In the house of to thoee who possess it. but also is one of their members In Rochdale, the mark of a good citizen. In this for the sale of these articles to their world we must work with our fel own members under a plan previ low man, and must control some of I ously agreed upon. The principal our immediate selfish impulses and points of the scheme, afterward desires if both we and our neigh- known an the ’Rochdale Plan', were bora are finally to profit to the great as follows: sale of goods at regular prices division of profits to nem- bers at quarterly intervals in pro- portion to purchases, subscription to capital In instalments by mem- HEAVY BREED PULLETS FOR sale. 21 months old. 40 cents each. V. Waid, 2 ml. east of Stan- field. 4 4-ltp FLATFORM SCALES; 2 DAVEN- from dead lambs on bummers, and ports, good condition. Hermiston saves a great deal of time and en- New & Second Hand Store. 42-tfc ergy. BUY Genuine 1935 TIRE® AgOTTOM PRICES June 28 U.S.TIRES “af’S.U M+I (PEERLESS TYPE) 4.75x19 4.75x19 5.00x19 $4:68 • v U. S. ROYALS U. S. TIRES (GUARD TYPE) 4.40 X 21 / / ) • ad’s 5.25x18 $7.58 5.00x19 $6.54 $7.29 5.25x18 $9.04 FARM BUREAU CO-OPERATIVE OF HERMISTON CO-OPERATIVE SERVICE STATION States Rubber A Classified Directory of Reliable Business and Pro fessional People This News paper Recommends to You— WHO is WHO in PENDLETON HYATT and BRAWN —Quality Men’s Wear— FLORSHEIM SHOES 718 Main Street PENNEY'S J € PINNIY COMPANY Incorporated Pendleton, Oregon. SHOP & SAVE LOCALLY OWNED NATIONALLY KNOWN “Shoes for the Entire Family" Buster Brown Shoe Store 725 Main Street Company Pendleton OREGON CAFE MEALS AT ALL HOURS Steaks - Chop Suey - Noodles Bring your friends here and show them what you consider the best cafe in the city. Phone 605 632 Main Street BEST SERVICE AND BODY DEPT. IN EASTERN OREGON A Good Place to Buy Used Cars and Trucks. SERVICE SALES DENNIS MOTOR PENDLETON PHONE 526 BANISH PILES FOREVER THE H & H SHOP Pendleton Iron Works Guaranteed or Your Money Back Latest Scientific Proven Method MINNIE M. HENDERSON. Prop. Dr. R. B. Brundage Bond Bldg.-Room 14 Phone 148 Hemstitching - Baby Articles Children’s Wearing Apparel 740 Main St. - - Phone «01 General Repair * Foundry Work Electric and Acetylene Welding Hydrogen Irrigation Pumps East Alta Street SERVICE CLEANERS BREIER 1935 L. E. Thorne, Proprietor Cleaning - Pressing * Alterations Have Your Cleaning Done “The KAR-TET Way" 519 Main 8t. -We Deliver- Tel. 76 Hawkinson Tread Service TROY 505 East Court St. Phone 170 Cyril J. Kruger, Manager NEW MILES FOR OLD! Why retire your tires while they are still young? Twator" LAUNDRY BONDED - - INSURED Portland « Pendleton Motor Freight, Inc. Personal Service Pendleton Hermiston Phone 369 Phone 852 JAMES R. FERGUSON and DRY CLEANERS WE CALL— MON. — WED. _ FRI. "Sailing Associated Service" East Court â MIU Phone 1933
