The Evening herald. (Klamath Falls, Or.) 1906-1942, September 24, 1923, Image 6

Historic Oregon Newspapers

The Evening herald., September 24, 1923, Page 6, Image 6

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Newspaper Page TextPae Six THE EVENING HERALD, KLAMATH FALLS, OREGON MUMMY, HUI'T. til, IIKJO. llmiW Noi' III . , ttravrvr IMMrtrt, X,"., W IIKI'OKT OV CONDITION. UK At liuiinnnu, in i tlij Simp cf.OtvRon, ntthn close of liuiilntvw I-- tMmr n -- - . - - - - .......... .. - . M ii it in i i irr mill "TTi-r-TT-1 1 .Mwsji j Business Directory Wm&lZ. INDUSTRY J LII WORK FO R BILL I TO TO SI TIMBER SEATTLE. Sept. 24. It was the manufacturers who supplied tha Called States senatorial investiga tion committee, In Mission hero last week on the slumpago outlook, with Information that will guide them, In1 framing "a reforestation bill to be1 Introduced into tiie next ses sion of congress. The Seattle In vestigation completed a ninety-day session' in all timbered sections of the country. ' ' ' ' Wot Summed I'p . Senator McNary of Oregon' sum med up the work of the committee in the statement that introduction of' logging methods that will cause ieii damage to forests during log ging operations, a uniform tax sys tem that will' maTte It1 possible for owners of' logged-otf lands to hold their timber until It Is cut. Re forestation' and fire protection, he said, constitute' the dominant prob lems of the bodj?., He claimed thav 90 per cent' of the difficulties of west coast lumbering would be solv ed If fire"' could" be kept out. He added at the session that the work ofVthe committee- Is to draft a bill that will assure' timber growth eqnal to the' cut. The rate of lum ber consomption, he said,, is 400 pef - cent greater than the rate of timber growth. , Timber One-Third Gone ' v Fred Rape, state forest super visor, said that 12,000,000 of the original 18,000,000 forest acres of the' state are still Intact. Witnesses before the committee differed wlde lyf aB to. bow long tho timber-of the' state" would hold out at the present ..rate of cutting; thes .West Coast 'association, state forestry de partment, forest fire association and the forestry ' department 'of Washington asserting that the .tlm; i her will last 86 years, while George S.- Long of Tacoma, president of the': Weyerhaeuser company, stat ing1' -that there will be a shortage in1' 35 years. Offer Land-To State "V Witnesses, among them leaders in" the west coast mill industry, gald that' owing , to the high tax rate the nation and the state must take over the task of reforesting eirt-over ': areas.' Long offered to prtfeent the state with 10,000 acres of1 logged-off land Sch year for U twenty: yearB and assume the cost v of' fire "protection if the government will, sell .the timber thereon at the end of fifty years and give the company: half of the profits. Alex Poison of Hoquiam proposed to make a like gift, only, he said, ha ' wanted protection against absorption- by the property from his heirs oil the inheritance tax. .' v r ' Taxation Remedies It was the theme of the loggers arid manufacturers that the taxa tlbh . problem is the most serious. In!' every' instance when reforesta tion was mentioned the timber own er? volunteered to give protection against fire. It was suggested that ttie committee consider a proposi tion to provide a very low fixed tas! and an annual yield tax to be brought about by constitutional amendment, allowing the classifica tion of property for taxation pur . poses. '. ' . ; i . ';'' ' Tax Increase , i ' ;if. A. Reed, of Sbelton, a manu facturer, and timber .owner, and speaker of the lower house of the Washington legislature, said that taxes on virgin timber which he owns have increased from $172 a section In 1906 to (4100 per sec tion in 1923 without Increase in It value. SAWMILL FOR BURNS Harriet: Interest Purchase Timber .., j , Tract and Secure Site, jUPURNS, Ore., Sept. 24. Burns is to have a big sawmill, according to an announcement made by Engineer Glrard, representing the Fred Her rlck lumber interest who havo pur chased a large trace of timber north of Burns and are building the rail road " extension from Crane. This announcement was made at a meet ing of Burns citizens last week. The mill will be buit a mile and a quar ter south of the incorporated limits, this location bcins selected beonujo of the urea of land available and wa ter necessary for a mill pond. LAKEV1EW MEN PLAN FOR RIO BOX FACTORY LAKEVIEW, Sept. 24. A num ber of Lakeriew business men, in cluding I. A. Underwood, Harry Bailey, Fred Reynolds, E. Q. Favell, A. L. Thornton and Meredith An derson, have been studying the box factory proposltlv& for the past sev eral months, with the result that they now havo sufficient data to warrant the construction of a fac tory having a daily capacity of from 15,000 feet to 20,000 feet and em ploying 30 men. This would mean a monthly payroll of between $4000 and $5000 and would no doubt bo greatly Increased, as the capacity can be increased ' to 46,000 feet daily at small cost. The Initial cost is placed at $32, 000 and wltbin the next faw days tn effort will be made to raise that amount among the business, men of Lakeview. The plans include the present Underwood Lumber com pany's plant which Is to be con verted Into the box factory. ' The stock of the company will be In creased to probably $100,000, and It Is confidently expected that suf ficient stock will bo taken to guar antee the building of the factory. In fact, assurances have already been made that leave no doubt of the success of' the enterprise. It is expected that every business firm In Lakeview will Invest in the stock of the company and that all money needed, will be raised here with no outside assistance whatever. It Is expected to have the factory In operation May 1, 1924, and ready for the season's run. It will afford a market for the lower grades of lumber now being cut by the local mills and for which there is little demand, and consequently the price Is low. XEW MILL FOR LA GRANDE LA GRANDE, Sept. 24. The Mt. Emily Timber company has a crew of men at work clearing a site for the new miU which the company will erect here. Work on a log pond is aleo being done. THE DALLES WILL HAVE XEW $40,000 BO XFACTORY THE DALLES, Ore., Sept. 24. Plane are under way for the erec tion o fa planing mill and box fac tory here, which will have a capac ity of 20,000 feet dally. S. M. Fearle, owner of a mill at Five mile, known as the Westfall mill, plans to erect the plant. The new mill will cost approximately $40,000. V New Romance After tho off.agaln, onngaln en gagement of AUiiter McCormlck, ! prominent Chlcagoan, and Miss Mary London Bskor has occupied the attention of two continents, I comes the report of McCormlck's eagagement to Miss Joan Stevens fabove). prominent .In Londonusa i Kty' " 1 RESORCS- 1 Loans and discounts, lucludtug rediscounts shown to Hem;;jVn',f." MjdZZ 2 Overdrafts.'Wured , and "nnsPsured,.............' ! y y uinf , (M, "VVpn tu'nvJ. 1 .; tjehowi ,1a, , "jr" ; ' 4 Otbr bonds," warrants and, SecurlUcfl, ,-'. clu,Ji,us foreign' govVn,wl(i'iJ,'sttviR wU(vi-. clpaU AjrporaMon. etc, l,Hu,d(VK, M, sho,vii,llB,,Uc!iis SO.adjSf. ffV--""- 6 Bnkluv househ' $4J0O(i : tyfpure;, aii, Ilxjl tmv $ppo,l..: .: .v..........: 7 RenJ estate, .ottcdj other, tha banking. houae, .' ; 9 (abl, CH3b.,ou luindjlu. vault and, dut.froiu,, bnisr bankers, auijl, tffist, oompanea, designatedi aufti aj(proycd reserve agetjj of, this, baakij ......'..'...... ; .,......' Total; catfr, atidj due,, tron' baaka,' Items S, lOnn, If , .,....,......,.,...,.,...,.,:$, S.,X.I.,JI, TptsA:. iapilit; 16 Capital stock, paid, la, 17 Surplus fund IS (a) Undivided profits .... (b) Less current expenses. taxes paid J..;.. - DKMAXO numsiTH, other than banks, subject to reserve: 2S Individual- deposits subject to- check, in cluding deposits due the State of Oregon, county, cities or other public tnnds 24 Demand certificates of deposit outstanding 25 Cashier's checks of this bank outstanding payable on demand Total of demand deposits, other than, bank deposits, Bubject to reserve,, items. 23, 24. 25, 26 .. TIME AND SAVINGS DEPOSITS, subject to reserve and payable on demand or. subject to notice: " 27 Time certificates of deposit outstanding, Totnl of time and savings: deposits payable on demand or subject- to notice, items 27 and 23 ....... Total STATE OF OREGON, ' ( County-of Klamath,, ss. I. J no. S. Horn, cashier of the above named bank; da solemnly swear that the above statement Is true to the best of my- knowledge and' belief. J NO: 3. HORN, Cashier. CORRECT Attest: D. G. HORN, JACQP.RU ECK. Directors. 1 Subscribed and sworn to before me this 2 2nd day of September,. 19D8i LUCRETIA C. HORN, Notary Pobllis (My commission expiree December Slat;. 1023.)- Charter Xo. 11,301 REPORT OF CONDITION. OR THB' AMERICAN NATIONAL BANK. , . OF KLAMATH FALL At Klamath Falls, In- the State of Oregon) af tho cloao oft buatnew on September taw RESOURCES- : ' !jv;. 1 a Loans and discounts, including redls- counts, acceptances of other banks IT- U ' ' i i ,t M and foreign bills of exchange -on :n :. drafts sold with indorsement of .. this- bank ..TJ.....$ 844,630.86 Total loans 2 Overdrafts, unsecured .,........li..-. 4 V. 8. Government securities owned: a Deposited to secure circulation (U. S. bonds par value) 100,000.00 b All other, United States Government securities (Including premiums, if any) . M,72.82- Total i- .5 otlcr bonds, stocks, securities, etc: 6 Banking house, $25,000; furniture and fixtures, $iq,000 .....: 8 Lawful reserve with Federal Reserve Bank i Items with Federal Reserve Bank- Itf process of collection- , 10 Cash in vanlt and amount due- from ' national banks - 11 Amount due from state banks, bank ers, and: trust companies In the United States (other than Included: In Items 8, 9 and 10) . ' 12 Exchanges for clearing house. Total of Hems 9, 10, 11 and' 12 414.222.97 14 b Miscellaneous cash Items 243.42 16 Redemption fund with- U. S. Treasurer and due from U. 3. Treasurer Total LIABILITIES 17 Capital stock paid in . ... 18 Surplus fund .'. 19 Undivided profits c Les8 current expenses. Interest and taxes paid 7,840.35 9,477.09 20 Circulating notes outstanding - 98,300.00 23 Amount due to state banks, bankers, and trust companies In the United States and foreign countries (other than Included In Items 21 or 22)...... 23,730.20 24 Certified checks outstanding ,-. 3,137.74 25 Cashier's checks outstanding 36,629.43 Total of Items 23, 24 and 26 62,387.37' Demand deposits (other than, bank deposits) subject to reserve (dBposlta payable within 30 days): 28 Individual deposits subject to cheek 706,877.93 27 Certificates of deposit due In less than 80 days (other than for money bor-. rowed) ... 8,982,00 23 State, county, or other municipal ds-.., posits secured by pledge of aaseta. of- , this bank or surety bond ' .- . 173,218.85 Total of demand deposits (other than bank deposits) subject to , reserve, Items 26, 27 and 23....:..:.'" 888,018,78 Time ppdoslts subject to reserve (payable after 80 days, or. sub" Ject to 30 days or more notice, r and postal savings): 32 Certificates of deposit (other than for-- . ' money borrowed) ". 26,646.00 34 Other time deposits '. v ' , 206,862.40 36 Postal savings deposits 1 4,279.35 Total of time deposits subject to rciserve. Items 32, 34 and 36..;..... 237,777.86 Total . , $ 1,405,960.50 State of Orogon, ; County of Klamath, ss. I, E. M. Biibb, cashier of th? above-named bank, do solemnly swear that the sbovo statement Is true to the best of my knowlodgo.and belief. - B. M, BUIill, Cashier. CORRECT Attest: W, C. DALTON, ; ' ' J. U. MINER, ' f OEO. R, LINDLEY, Directors, . . .. Subscribed and sworn to before me this 21st day of September, 1923, , ARTHUR R. WILSON, Notary Public, (My commission oxplros Juno 12, 1927.) OoWa.sa ipo.oo $.107,011)493 $? IS, 000. 00 2,100.00 1,663.60 2.874. 84 1.311. IS interest and 68.676.57 50.00 1.424.9G 70,161.52 18,a04.72 13,204.71. $107,019:93 Reenrre Dlstrksb Xo. 1U $ O44.do.8.i 2',118.40 206.720. 82, 15,503.17 36,000.00 82.516.06 10,600.00 345,366.13 47,476.11 10,880.83 243.42 6,000.00 $ 1,45,960.59 100,000.00 10,000.00 ......$ 17,117.44 Kppak L W J 'Mm 9 OclocK-Your. ' A PfetU. are V WHBRK PARTICULAR PEOPLK . l LeJiTVI uv TMti drugs u&vsx New Fall NOW ON FOR YOUR Chas, J. Cizek Merchant Tailor Kodak Finishing Films), reMiTed before 1A. M. Ready the tame day at 5 P. M. Mall, ocdera (UWi fn-mptlf . STAR DRUG CO. Mk. kUi Sta. Now On G M. C. REX. 234 Main St Handed PEOPLES Sl'lh A It. IL Spur Phones Res. 50.W Wlisc. 228-W "ICES,. WH BTORB THINGS" Store your grain and potatoes until price suits. We can load your' car at short notice. Also, we up still selling baled bar and grain, auy quantity, at prices, which are fair. Step guossing at your load, our ten ton scales always realy and right. It you arc mov ing in, moving out or house-bunting, let us take car of jour fur niture and houseold goods until you got settled. METROPOLITAN GARAGE , ' ' OPEN DAY AXD NIGHT 1st Class Workmanship Guaranteed ' AUTOMOBILES FRANKLIN-RICRRKDACKER H. D. PETERSON, Prop. Pbonea 008 1040 ! n : ; i , NOTICE TO BUIIHCItlHEKS Your Herald should be del- Ivered each evening by 6 o'clock, unless some unusual delay occurs. If you havo not 4 received It by that time, call t up the Herald office, 88, not lator than 6:30 and a copy will 4 be sont you, T4444))4444 . ''' Work nvLrOr 1 1 ra ready, at' 5 Woolens DISPLAY INSPECTION v !Hsstfc raits. Ok. Display Trucks RENNER Phone 397-W WAREHOUSE Klamalb Fulls, Ore, CONCRETE Permanent as the Pyramids Concrete Pipe Sewer Pipe Water Pip Culvsrt Pip Irrigation Pip Concrete Brick Fjcs Brick ' Common Brick Fleer Til MsnUl Brlek , Concrete Blocks . Chimney Blek Bullrflng Blooka , Foundation BlooK Concrete Contracting Sldowslks and Curbs. Foundation Floors ' Concrete Materials Cement 8arned Sand Qrsvsl ( CONCRETE PIPE CO. Phon 228-J (th and Market U. BEND STAGE Lv. Klamath Fall 8 a.m. Ar. Bend 6 p.m. Lv. Bend 8 a. m. Ar. Klamath Falls 6 p. jm. Office At REED AUTO SUPPLY COMPANY and ..-t. CITY TRANSFER CO. KodaX finifliiing at BMmoo'v Sit NEW CITY, LAUNDRYl Finished Work rin Work Hough Dry Pal Vu I)1 la Om I'HONH 104 Onrnor Mala as4 Ctrngm (iOIUH)N Al'TO RK11VICH Foriurly With Co Phone 600 BUI Main HU ntiiiuatli Kalis, Orrgtia DR. H. J. WINTERS UrMluat anil HMte Ilsglssarasl OPTICIAN Nlneteea rvarn here in bnantdaa Prompt Hervlc 714 Main Street Coe't Auto Service Phone 168 Stand nt The Hutoki Jjext Door To Owl Cnfo. OR. J. G. COBLE oPTOMrnuHT ornoiA TO Maia Hi, rkoaa IM-W W fit and grind glassy Dattt. eat brekea lenses, repair trams. NU BONE CORSETS Mu1 lo Tonr Mitasura Ouaroatml Mr. Rote Randall Bat Jcffersoo Ht. Tbona 77-W PR. F. R. CODDARD otnvroaTBio rartaouka ANU HDIUIMOH Otrlea u HmKhc PImnm Ml L O. a r. TKMPUi 1 S. CROUCH, D.V.M. Vnrtaarr Hiirgeoa) Deputy HtaU Veterlaarlsta mm h. eta B. Pboa Boston Beauty Shop 710 Main Phone 811-W Expert marcelling and hair bobblug. Next door to Tin Tre Theater I. O. O. F. Proapeilrj Rolwkah, 104 1 ktnt and Third Thnradajra Kwaaaa KBcamptaasit 4B, sM acb Tuextay lUnUI Lode IS7 moaf J. C CLEGHORN ;ivil CNainnm (N HTJBVRIOB nM MB.BNW . CHIROPRACTORS DRU. HALLBsTT MALLBTT Office oier-Cniierwood 7th Mala Phon 4SB RraldnnF Phon Bert OR. C A. RAMBO Dentut I. O. O. V. BnlMsssJ. PHOHal Bl E. & J. E. PATTERSON Contracting , Painters 630 S. 6th Phone 582-J Dr. E. Dietsche Pliyslelno anit BurgeoB . Oflcei Koom A ana t flugannan Hldg. Office Hours i 11-1 a, a-B A 74 Bnndnyt 0-1B Phono I Office 8MB, Ilea, OM-W American Legion KLAMATH POST NO. fl . MtwtliiR 1st and Brd Tnexlay CVinrt Hon c Itaaemenl H. H, MKTj, OommaacW ' Phone BS8-M Monclair Beauty Shop 120 Main Nt. Phono 083 All Linos nf Reality Culture Open Gvunlna Near Corner nf lh Btreot