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About Vernonia eagle. (Vernonia, Or.) 1922-1974 | View Entire Issue (Aug. 31, 1923)
I MORE AB» 'JT TAX-FREE SECURITIES The Advice of Honest Men Who Know, and WHIinpnoss to Be Con tent With Reasonable Return, Declared Only Safe Road to Assured Income. “Success in life depends upon the investments made of talents and time,” says an article on investing prepared by the Committee on Public Education of the American Bankers As sociation. “Future return will be gain or loss, according to these investments. That is a law of life which controls in vestment of money, just as it controls investment of talents.” The article, which is particularly timely in these days when so many are being robbed by fake investments, continues: OM The Style Shop In discussing the evils of tax- exempt securities, the Dallas, Tex., Farm and Ranch says: "The limit of tying up the m.v idle wealth of the country has been reached. Already more than 30 bil lion of dollars are thus exempt from taxation. It can be truthfully said that 80 per cent of this amount is being kept out of industry on that account. It is also an incontrovertible fact that industry is paying an extra ' tax to make up the deficiency in cost . of government because of this great wealth that escapes paying its just ¡ hare. The question is: Are we going to continue permitting those who can best afford to pay taxes to escape by ¡ the tax-free securities route, shoving the burden over on the workers, the salaried men, and upon industry, or are we going to plug up the leak. With the billions now turned into tax-free securities put into industry, interest rates would come tumbling down. Good security would find cheap money.” In the business sense, the word in penance to undertake to make Invest vestment relates to the use of money ments of their money without guid in acquiring ownership ot property. ance by those who know. Many com Ownership may represent entire pos panies are constantly being organized session of property as of a home; to promote unsouud schemes, referred partial ownership as holding stock in to as "wild-cat" There are always a corporation; or conditional owner solicitors ready to relieve people of A good second hand wagon for sale ship as in the case of buying a mort their savings by the promise of big 2t gage or a bond. When a person makes returns. The lure of great wealth is at Hattens Shop. an investment in bonds, he is really always a temptation by which thou For Sale 1920 Chevrolet light de loaning his money to the government sands of thrifty people are deprived or corporation issuing them. He will of hard-earned savings every year. livery truck, in good shape. A real receive the interest which they earn Widows and orphans who have in bargain. Inquirt' Vernonia Hwd, Co. as long as he owns them, or until herited money are frequently sought and made the targets of these fake Miss Macile Roberts is the new they are paid off. Ownership of great corporations is stock salesmen. Misery and suffering clerk at the Vernonia post office vested in individuals who have invest are the usual results. ed money In their stock or bonds. Greed Defeats Safety Mrs. Fiorance Slater and Many people regard the ownership of Many people with small means also the United States Steel Corporation, lose money because they insist on a children of Portland are visiting for example, as differing from the Mrs. Slaters father. Omar ownership of, say, a small workshop. high rate of interest on their invest Nick» rson and other relatives. ments. Safety of principal should be Yet investors in shares of Steel Cor poration stock are entitled to the same considered above large returns in in The Majestic Thealre is put rights, under the law, as the owner of terest or dividends. Small investors the workshop. In the corporation, the should never buy high-rate, specula ting on extra attractions for a owners hold certificates ot stock as | five investments. In which there is a week beginning today. A matin evidence of their investment, whereas ■ great risk, but should stick to those the owner of the little workshop holds which pay a fair rate and which are ee this Saturday and Sunday a deed as title to his land. afternoons Show every night. known to be safe. Capitalistic Laws Protect Investor« To know whether an Investment is J. B. Higdon ar.d wife of Fiv- Because the laws stand for the worth buying the investor should go equal protection of all investors, it Is to a banker, or a successful business e side. Cal , arrived in Vernonia possible and profitable to make good investments. It gives an Incentive to man in whom he has confidence, get Friday for a visit with their work hard and to invest. The person his opinion and act in accordance with daughter, Mrs. Lester Shet ley who wishes to Invest must first work it. In all probability this will mean and son G. W. Higdon. Their and accumulate funds with which to the difference between successful in do so. vestment and total loss of his money. daughter, Mrs. Tom Cawley of The banker deals with investments Portland accompanied them Bonds are always secured by mort gages on the lands, buildings or other every day and desires to give all the property of the corporation for which help and information he can, and the the money has been used. When a business man has learned by experi bond matures the money must be re ence the need of caution and careful paid to the owner of the bond. judgment They believe one should All investors are a part of a great have a clear understanding of an in On Saturday the 27th the financial system which gathers up and vestment before it is purchased. They puts to work the wealth of the coun know the need for avoiding stock pro stockholders of lhe Vernonia try for the mutual benefit, prosperity, motion ’schemes and get-rich-quick Athletic Association met and el and well-being of all. In America, It is propositions which in many cases ected their Board of Diretors. possible for any one who is willing to have brought poverty and suffering. They are L. H. Detro, W. Mar pay the price of self-denial and hard While many states have passed laws Fenner, C. C. work, to be an Investor. Good invest aimed to protect the public against tineau, A. L ments made in early life by saving promoters of fake investments, thou Brown, and W. J- Coyle. The such small sums as may be possible, sands of people annually fall victims Association is incorporated for lay the foundation for providing the to their wiles, because they fail to $2000 and half the stock sub comforts of later years, when it is seek advice of those experienced In scribed and paid They have in harder to earn a livelihood and when making investments. their ball park put chased over poverty often becomes the condition Good advice and temperate expec four acres at $1600. A grand of those who have not practiced tations mark the only road to safe stand and bleechers will be er thrift in youth. Investment and an assured income. ected and later on a club house It is not wise for those without ex- There is no other certain way. FOR“ WOMEN Announces its Opening Tuesday Morning, September 4th, with a comnlete line of Women’s Coats, Suits, Dresses, Sweaters, Onyx Hosiery and House Dresses. Only the latest and most up-to-date women’s apparel will be carried and at prices much less than you would have to pay in the city. COATS 9 Ü 8 HOW A RiP-ROARING RADICAL WAS TAMED By JOHN OAKWOOD The best tory of the taming of a radical I have ever read is told by A. B. Farquhar in his book "The First .Million the Hardest.” It throws more light on the meaning of capitalism and the futility of socialism than a li brary full of books on sociology, eco nomics and politics. Here it is as Farquhar tells it: "The best antidote for acute eco- nomic Insanity Is ownership of prop erty. My favorite example is Otto Steininger. He was one of my first employees and was a rip-roaring an archist. He insisted that all wealth came from the workers and therefore should go back to the workers. He was particularly Mtter against his landlord and hardly a w ?k went by that he did not announce that he had definitely decided that he would like to shoot the landlord the next time he came around for the rent Finally I asked him smilingly after one of these outbursts: Buy, Don’t Shoot " ’Why don’t you buy your own house instea.. of shooting your land lord? Then you would not have to pay any rent If you do shoot him you may get into trouble.’ “He did not think much of the idea apparently but In a day or two he asked me how he could buy the house. 1 answered: ’That house can be bought for >800. You are getting good wages. 1 will buy that house for you, take |4 a week out of your wages, and in less than four years you will have it paid for.’ "He went off again, The next time he came back It was with his wife. He said: ’We are going to buy that house but since we have no children you can take >10 Instead of >4 a week out of my pay envelope.’ "I bought the house and then Otto's chief concern was to get It paid for, which he did in a little more than a year. There was another house next door to him. In a short while aft r he had paid for his first house, he sidled up to me and said: '* *1 can buy that house next door for a thousand dollars. Now that »1 have no rent to pay we are going along good. What would you think about me buying that?* 1 “He bought that house and joined the hated landlord class. Some years later when it was reported that a band of strikers were advancing to shut all th» factories, Otto rushed into my office at the head of an ex cited group of men from the shop yelling: ’’ 'Get us a lot of shotguns and we’ll keep »hose fellows out of here! Those fools expect a man to work and save and then walk in here and take wnat he has got without paying for It!' "And that.” Farquhar concludes, "I think, is always the way to develop a conservative.” GROWING RECOGNITION OF ADVERTISING’S USE Advertising first established its place as an economic factor as a sales aid, but as understanding and use of it have increased, its possibilities in oth er fields have developed until today we find it employed In many forms of service hitherto unthought of. Ad vertising has long been hampered in its use by precedent, tradition, con ventions, and prejudices, which, un der analysis and experience, find lit tle to warrant their existence. Gradu ally the falsity of their claims is be ing proved. We were told for many years that it was undignified for a bank or fidu ciary institution to advertise, and this edict, born of some superstition of the past, was accepted without question until finally It was intelligently chal lenged and it was discovered under analysis that there was no sufficient reason for its support. The Inevitable conclusion of logic Is that, whatever Is of genuine use to human beings, whether It be goods or services, can, with truth and dignity, be advertised ar.d sold, and that it la just as proper to merchandise forms of service as various kinds of commodities. In the logical development of this new understanding of the power of advertising during the last decade, we have seen many of our banking fiduciary and investment institutions actively employing the sales value of advertising In the marketing of their services. In this Intelligent use of publicity they nre not only increasing their own immediate business return, but they are also helping to spread a* better understanding of financial serv ice and economic fact and theory up on which solid business relations can be built.—Francis H. Sisson, Journal of the American Bankers Associa don. i Labor Day Ball Games and Spotts Dress Coats, in Bo- livias, Ormandies, and In Poiret Twill and Valours; plain and fur Velours; in a good trimmed, at prices assortment ot sizes. most reasonable. Sport Coats Plain and overplaids, plain fur trimmed. Canton Crepe, Trie O Sham and Poiret Twill; a large range of sizes and true Style Shop Values. Sweaters Slip-on, sleeveless, and coat sweaters in all the new shades Porch Aprons Onyx Hosiery In Ginghams, Percales, and Crepe. All sizes and colors. Feeaturing the “Pointex Heel” ■ Ì THE STYLE SHOP *4 : Vernonia At detic Ass'n and pavalion. It is the aim of the Association to laj out tennis courts, ball grounds, croquet, and later expect to enstail show er baths, reading rooms, etc. All success to the Vernonia Ath letic Association. DRESSES SUITS Majestic Theatre EBI c J k Í to I Vernonia, J. I. Robbins made a visit to Hood River last week. His sister Mrs. J. Burtraw accompanied him home. Oregon. C. S. McNutt and family, of Forest Grove, were guests Sun day, at the D. W. Keasv hnm- So-ry to report L. J. Reagan, R. E. Steeprow and Mr. Brice among the Rev. Herrmann anil wife vis aick thia week. ited the JuUsoii Weed home last The Misses Edith and Ethel Wilton have returned from a months atay with thier sister at Portland. Home Talent Mrs. S. M. Turner who has long Sunday. "Brown Eyed Betty" aHH. 8. Aud been making weekly trips to Portland itorium Saturday night, Sept. 8 Gleen for electrical treatments, is very much Mrs. A. B. Counts took her by U E. Society. Program next 'week improved and the treatments are to be Remember thejlate. discontinued for a period of two months small son, Hawley, to Portland All citizens are requested to be saving of water. NO Sprinkling permitted during water shortage, or the dry weather. Be careful of Are, Serions FOR SALE 1 Overland 90 Touring in good condition. 1 Kissell-Kar mod el 38 5-7 Pass, in first class condition 6 cyl. 1 1919 Ford touring in good con dition. new rubber all around. V» ill give terms to responsible parties. Highway Garage, Rainier, Ore. % this week to receive medical at Prof. Nash of the High School tention. is moving.in to the E, A. Wilson houre. Mrs. Joe Hardwick and son of Banks spent a few days last E. A. Wilson and family are week with her sister, Mrs, War-' moving to a home across the field. Nehalem river. In order to introduce Beaver Knit Mrs Vail. Mrs Ball, and Mr. Stockings "The Ruth" will give the Snyder of Port I nd were caller i entire profit on all women rnd child at the J. P. McDorald homo ren stockings sold for one week be- w , ginning Saturday Sept. lat."The Ruth* Wet'nerday. Count Those Golden Moments« i SOME men do not count the millions of seconds that their old I watches have faithfully ticked away. They keep themselves im maculate in every detail of personl dignity, forgetting that their I reputation for accuracy is at stake because they cling for senti ment’s sake to time-pieces that are out of date. e Men’s Watches From $12.00 to $100 Elgin, Waltham, Illinois, Hamilton, Howard and South Bend. Ladies Watches Wrist Watches $15 to $65 Each and every Watch Guaranteed Start this Heaton right by stepping into Atai linci.u’r Ji w» hj Stoie Here you will find those unique and distinctive designs of the master craftsmen who create watches that you are proud to wear. Perhaps a friend is going on a journey or having a birthday. Would he or she not appreciate a real gift? A wrist watch whose ownership com- / pktes th • c nvicion that there is no'hing fur- j I her to h • desired. W. MARTINEAU, Jeweler VERNONIA’S RELIABLE JEWELRY STORE « e