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argain Week
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Granite Ware
NATION REPRESENTED
AT FINANCE CAPITAL
♦
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By FRANCIS H. SISSON
Chairman Public Relations Commlv
aion, American Bankers Association.
Financial Nev
York 1» peculiar­
ly representativa
of the whole na­
tion. All parts of
the country, the
■mall towns as
well aa the big
cities, have sup­
plied the greater
part of the man
F. H. Sisson
power and brain
power enabling it
to function as ths nation's financial
capital.
A recent Investigation as to the
origin of one hundred leading execu­
tives In the New York financial dis­
trict, showed that no less than sixty
per cent were born outside New York
Stato, that no less than twenty-eight
per cent were born In towns of 5,000
or less, and only twenty per cent were
born ia New York City.
The birthplaces of these men rep­
resented Pennsylvania, Ohio, Massa­
chusetts, Connecticut, Michigan, Mis­
souri, Illinois, Maryland, Delaware,
Vermont, Mississippi, Kentucky, Ten­
nessee. Minnesota, Iowa, Florida,
Rhode Island. North Carolina. Indi­
ana. Wisconsin, Georgia, California.
Montana, Maine, West Virginia, New
Jersey and the District of Columbia.
The same situation is true of the
younger men, particularly in the
banks. This reflects more than mere­
ly the attraction of the big city for
ambitious young men. It Is the result
of the definite purpose of New York
banking to equip itself to perform
most effectively Its work for all the
nation.
brief description of the mechau-
of the nation’s banking system
make this clear. Many of the
New York banks are bankers* banks.
They are great reservoirs of credit in
which banka throughout the country
deposit unemployed funds in New
York. When crop needs in rural dis­
tricts or industrial expansion in man­
ufacturing centers Increase local re­
quirements for money these local
banks call in their funds from New
York and in addition may ask the big
city banks for loans.
Country banks frequently deposit
as security the notes of their own cus­
tomers, often secured, in turn, by farm
capital such as ploughs, livestock and
other possessions. The fifty thousand
dollar note, for instance, of a country
bank in a big New York bank may
have attached, as collateral security,
fifty or a hundred small notes of a
hundred dollars up to a thousand
or more, signed by local farmers and
their wives. Into one of the biggest
New York banks comes in this way
from the South each crop season a
small note secured by a plough and a
harrow and a mule named "Molly"—
an incident that has been aptly de­
scribed as “The Minting of Molly.”
It is one among many securing a large
inter-bank credit
Thus is big banking In New York
brought close to the plain people of
the soil—rthus does it finance their
humble husbandry—and thus has it
felt the need of recruiting Its officers
from among mm familiar and sympa­
thetic with local conditions—able to
visualize the needs of the people there
and pass sound judgment on the
credit factors Involved.
It Is due to the conditions thus pic­
tured that am mg the officers of New
York’s banks will be found represen­
tatives from all parts of the nation.
They are the delegates of the per pie
at the business capital.
What every woman wants for the Kitchen.
Any Piece Shown in Our Window
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OUR GROCERY LINE ♦
is ciinphte and
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Purity and Freshness
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Prices worth considering. <
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Vernonia, Oregon f *
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♦
Groceries and Hardware
e
G. C. MELLINGER,
Camps, Mills
Industries and Business Houses
The Vernonia Eagle
Can do your
JOB PRINTING
as good as any Portland office.
We aleo will save you money.
Let us Print your
Time Slips, Orders, Receipts
Checks, Letter Heads,
Envelopes, Statements, Cards
Bills, Reports, Office Stationery
WE’RE PREPARED
VERNONIA EAGLE
Tuat’s What We’re Here For.
You Should Read the
EAGLE
Every Week:
Why Group Fights Group
$1.50 a Yea?
i
BACK EAST
LOW ROUND TRIP FARES
ALL SUMMER
Tickets on sale daily May 15 to September 15.
Return limit October 31
SPOKANE, PORTLAND & SEATTLE RY.
Round Trip Fares from Astoria, Portland and all intermediate points on
the S. P. 6 S. Ry. as follows:
Atlanta
Boston
Buffalo
Chicago
Cincinnati
Cleveland
Davenport
Denver
Des Moines
Detroit
Duluth
Indianapolis
Kansas City
$117.55
153.50
120.62
86:00
106.30
108.56
84.55
64.00
77 65
105.62
72.00
99.24
72.00
Memphis
Milwaukie
Minneapolis
Nashville
New Orleans
New York
Omaha
Philadelphia
Pittsburg
St. Louis
St. Paul
Toronto
» ashington
$94.09
84:85
72.00
100.90
107.00
147.40
72.00
144.95
119.76
81.50
72.00
113.75
141.56
( hoice of routesand stop-overs enroute allowed going
and return trips. Proportional fares to many other eastern
points.
bares for tickets routed one wav via California slightly
higher than shown above.
Through tickets arranged, sleeping car reservations
made and details supplied by consultation in advance.
Portland, Astoria & Pacific R. R
F. J. OXLEY, Agent, Vernonia, Oregon
America is suffering from a lack of
economic underst- -’'’ing. It is, there­
fore. that we find group arrayed
? against group—that we find the grow-
r at variance with the produr-ir, the
1 producer with the consumer ar.d bo.h
with the carrier. It is because of a
lack of economic understanding that
we find capital and labor frequently
striving against each other. Yet each
element is vitally interested In each
other for the final succses of the en­
tire endeavor—In the fanner growing
a prime crop and getting a fair re­
turn; in the canner packing a palata­
ble crop and getting a fair return; in
the carrier transporting without dam­
age or deterioration and getting a
fair return; In the wholesaler making
a wide distribution and getting a fair
return: In the retailer satisfying his
customer and getting a fair return;
In labor aiding each of the processes
and getting a fair return; In capital
supplying the money and credit to
make each process possible and get­
ting a fair return, and in the con­
sumer receiving a pure, nourishing,
dependable, wholesome health giving
article at a fair price. There is thia
community of interest in the pro­
duction and consumption of human
requirements that should prohibit
strife among the producing and con­
suming elements.— J. H Puellcher,
President American Bankers Associ­
ation.
i
Gomperi on Saelsllsm
State socialism la repugnant to the
American mind for a great many
reasons. Americana generally prefer
to carve ont the future In freedom
They are unwilling to accept the Idea
of an al: powerful atate. It la the
American Idea that the people shall
order the state and shape its course;
not that the state shall order the liver
of the people, fitting them Into niches
to suit a bureaucratic card index.—
Samuel (Jotnpera.
In the New. Allen Building
Four Doors East of Railroad
To .Open For Business
SATURDAY, JUNE 23
“NEHALEM MARKET”
Pride of the V alley.
New Location, New Fixtures,
Newcomers'
Who have moved their families to Verno rin.
We want you to visit our
NEW MARKET
Choicest Cuts of Meats
«
SATISFACTION GUARANTEED
Ice Always on Hand
Opening Day Saturday
Leave Orders For Chicken
4»
Childs & Hammack
Vernonia,
SOME HARD FACTS
ABOUT SOFT MONEY
By JOHN OAKWOOD
Oregon
But the landowner would nay, "That
la paper money—my land is worth
one thousand dollars gold—the gov­
ernment has printed so much paper
money folks haven't much confidence
to it But I am willing to take a
chance if you will give me a dollar
and a quarter in paper mousy for
each gold dollar’s value of my land-
la other words. I’ll give you my land
for 11454 dollars paper.**
see
When a fanner takes his product
to market and sells it for, say, a dol­
Soft money would ho only another
lar a bushel, he Is dependent upon the
honesty of two measures—the dollar way for the money-politicians to hand
ths farmer the same dirty deal as the
and the busheL
basket manipulator. In the first cast
o
the farmer unknowingly gave a bushel
The other day a crossroads ■tore- and a quarter of his product and In
keeper got aent to jail for rnanlpu- the second case he would have to give
lating a trick bushel basket with a a dollar and a quarter of his mosey,
false bottom that would slideWup and for a dollar’s value ia retura.
see
down in a way that was grand, gloomy
and mysterious. When using it to
In Germany they have carried the
measure stuff he bought from a farm­ manlpulatloa of the mark ao far-
er, he'd secretly shove the bottom well, It seems hardly believable, but
down until It held at least a bushel if they did the name thing to the dol­
and a quarter, but he would only
lar, it would take over ton million tn
credit him with a bushel. The buying paper money to buy that land. The
power of the fanner's product was primary producer can raise his prices,
thereby depreciated by about twenty
but not fast enough to equalise this
per cent
drop to the gold value of unsound
money.
That ia where the catch
Finally the fanners thereabouts got comes tn.
wise to the fact that the only way
The state land department turned
they could get what was coming to
them was to enforce a reliable stand­ over to the state treasurer during the
ard of measurement So they put a month of May a total of 1105,987,35.
good stiff jail penalty on using a according to a report prepared by
take measure, laid for that atore- George G. Brown, clerk of the state
keeper with the trick basket and sent land board.
him to prison.
• •
• •
Politicians in Europe bars bean
manipulat'ng the other mpaaure—the
money measure—In much the same
way. Some of them In America want
to tamper likewise with the dollar
Here is about the way It would work
out
Suppose, when the farmer
brought Ms product to market, ths
basket measure was honest enough
and he got a dollar bill for each
busheL He'd take his dollars home
and save them. Perhaps he planned
to boy some land next his own for a
thousand dollars, and figured that in
a year or so he could make it
• • •
But meanwhile the politicians start
to manipulate the base of the cur
rency. They would change it from the
gold standard to a f I a t money plan
—from a gold guarantee to the more
say-so of the government that a piece
of paper wr.s worth a dollar. The
fanner wouldn’t bo watching the
money-politicians. He would be too
busy raising things. At the end of
the year he has his thousand dollars
He takes them to the landowner and
says, "I’ll buy your land now—here’s
a thousand dollars.
Co-opwrwtiww Marketing
Agriculture produces enough ta
feed the people the year around but
some of this production should be
stored to eliminate the over supply at
the times of harvest or during periods
of high production. It can then be
thrown upon the market In accord
ance with consumptive demands.
Co-operative marketing la still In Its
Infancy. In a few localities where
farmers have been properly organ
ised and provided themselves with
adequate facilities to store their prod
ucts they bars been able to consider
ably stabilise prices, to the advantage
of both producer and consumer.
Farmers are looking for a scientific
merchandising Asts upon which to
market their products. It is sxtremely
Important that they organise rightly
on the commodity basis and secure
•Sclent capable management and ade
quate financing. Thia cannot be done
la a day, a week, or a month, nor In
five or even ton years. It must be by
gradual growth and development
The problem is so Important it de
manda the best thought of not only
farmers but educators, bankers and
ether business
—Banker Fanner
To discontinue advertising is
to stop greeting your old friend <
and to stop making new friend;.