Vernonia eagle., February 13, 1925, Image 6

Biggest
Little City
in Oregon
-
r *—:----------~_ -T
T
FEFORMS IN STATE SUPERVISION OF
BANKS AS ADVOCATED BY BANKERS
Ä New House a Da
VERNONIA EAGLE
AS A WRITER SEC HUGHES
ISN
V
The Hughes Retirement—The .’
nouncement of the retirement of the
Secretary of State, Charles E.
Hughes, on March 4 has attracted a
By FRANK W. SIMMONDS
great deal of attention. The explan­
American Bankers Association
ation given out by Secretary Hughes
It is pretty safe to figure that we’re going to have several weeks of bad
LTHOUGH many state* have unexcelled systems of bank was to the effect that he had given
weather yet. Chilly temperatures, and cold rains—maybe a little snow—is
supervision by public authority, in some instances political practically 20 years of his life to the
still
around the comer and daring us to change to a lighter weight clothing.
public service and that he now de­
entanglements have resulted in lax methods and dangerous
practices. Public opinion today demands that sired to retire to the practice of law
THE DANGEROUS SEASON IN THIS SECTION COMES DURING THE
bank supervision be as free from partisan inter­ in order to replenish his private
ference as the judiciary itself.
fortune.
NEXT TWO MONTHS
State banking laws are increasing in number
This is his explanation but it does
and diversity. Much thought and study has been not explain. Wall Street is a bitter
given by the State Bank Division of the American enemy of the Russian government,
Bankers Association to uniformly efficient super­ and Charles E. Hughes is very much
in sympathy with the Wall Street
vision. It is on record as urging that the office view.
•'Wall Street” is afraid that if
of Bank Commissioner be freed from entangling we recognise
Frank W.
Russian govern­
Simmonds
politics and divorced from all other functions of ment, we will the
sooner
or later have
btate government; that the tenure of office be made more secure
and lasting, with sufficient compensation and discretionary the Bolshevicks over here.
President Coolidge is said to take
power to attract men of outstanding executive ability and
with Medium Weight or Heavy Shoes that will give you the protection you
■nccessful banking experience, and Only twenty states require a<*uai the position that if the Russian gov­
must
have. We can likewise take care of your needs in every Clothing De­
Akai bank examiners be selected from banking experience varying from oue ernment suits Russia, it should suit
'these having the requisite qualities- to live years.
mand—At prices that will pay you to wear until Spring and lay away until
everybody else and it is nobody else’s
tiens
Powers of Bank Commieelonere
business in the wide, wide world but
next winter.
A careful study and survey of state
In the majority of states, the Bank Russia. If the government of the U.
-bank supervision has been made with Commissioner is given more or less
TAK ENO CHANCES ON AN EARLY SPRING—DRESS NOW TO MEET
.the cooperation of State Bank Com- power to approve or deny apyiica S. suits us, it has got to suit every­
teissiuuers and state hankers to bring tions for charters ot state banka body else, and President Coolidge be­
THE COLD WEATHER SURE TO COME IN FEBRUARY AND MARCH
•ut the high lights of successful su- Clearly this authority should be ex­ lieves in helping Russia, and while
Jpcrriaion. and at the same time indi­ ercised chiefly with a view to supply­ he does not believe in communistic
geste remediable weaknesses, as the ing each community with safe, ade­ principles, he believes that the world
•Oasis for formulating a model code quate banking facilities. Hence tho will be much safer when the great
kK law dealing with bank supervision, importance of carefuMy weighing all
«nd also for developing public opinion factors involved such as the character Russian nation is firmly planted on
Republican principles, which she will
tn favor of its general adoption.
and responsibility of the organizers
This survey shows that in forty-one and the community's needs for bank finally come to, if given our moral
Opposite the Majestic
A. W. PETERSEN
in New Location
«tales Bank Commissioners are ap- ing facilities. In the very nature ot support.
Ciated by the governors and gener- things no one is so well qualified to
Russia overthrew their tyrannical
y hold office “during their pleas­ Ba-’s on charter questions as the Rank rulers a few years ago, same as we
ure.” In two states they are chosen Commissioner. Comments from all
rby popular election, in others they states favor granting tho banking de­ did in 1776 and is now struggling
all southern people, who are tax­
COMMUNICATION
•ere chosen by a banking board, but partment large if not absolute Juris­ to establish good public schools and READY FOR FULL DAY’S WORK
payers and supporters of the town's
a republican form of government.
*n only a few Is the advice of organ­ diction in granting bank charters.
ised banking considered. In Missis-
welfare to at least give the one
% number of states now coafer Mr. Hughes has always looked at the Down on the farm, 'bout half past DEAR MR. EDITOR:—
«ippi the selection is made by a con­ more or less complete authority on Russian question from the “Wall
school the name of one of our noble
four,
In the Vernonia paper of last southern men? Why not call the
vention ot delegates from the state the state banking department to act Street” point of view. President
¡■bartered banks.
as receiver in liquidating failed banks, Coolidge looks at it from tha Human­ I slip in my pants and slip out the week, I see you suggested naming new school the Robert E. Lee. It
Long Terms Make Bureaucrats
usually providing that the Bunk Oom itarian stand point. That is why Mr.
door.
the schools of Vernonia, the Ver­ might be well for the school children
The term of office was found to utlMloner must die a report with U m Hughes is getting out of the Cabinet. Out in the yard I run like the
nonia High—the Washington and of Vernonia to vote ita name, and
range from two years to six. The court for approval. In ether states
dickens,
President
Coolidge
realizes
if
we
the new grammer school, the Lin­ then have a day set for its dedica­
the
court
names
a
receiver
and
the
•tajor.ty of recommendations favor a
To milk the cow and feed the
coln, and I was certainly surprised tion and a program of the name giv­
•ve-year term, reasoning that a long Bank Commissioner thereafter has no continue as a “nominal enemy” of
chickens.
term of life tenure tended toward jurisdiction or authority. Tho almost Russia, which is the result of ignor­
at finding no one in the city inter­ en it by the children and teachers,
Clean
out the barn, curry Nance and
unanimous
opinion
of
bankers
and
ing her, that some day, Russia may
•bureaucracy in office, while a short
ested enough, not even the princi­ and invite the public. If the new
Jiggs,
derm was condemned on the grounds the Bank Commissioners is that join Japan and Germany in an at­
ple teachers or pupils, to care what school is given one of the three
that the Bank Commissioner would authority should be placed la the tack on the United States, as a re­ Separate the cream and slop the
their
schools were named. 1 have names mentioned above, I will see
banking
department
as
it
permits
the
scarcely have time to become thor­
Pigs.
sult
of
our
"Hog
in
the
Manger
”
pol-
no
objections
to the name of Lin­ that the school is presented with n
oughly conversant with bis field of employment of experienced bank ad-
Work two hours, and eat like a
coln, but it always strikes me as such picture framed, of the one that is
nrerk before the expiration of his ministrators in windinc up the affairs isy. President Coolidge believes in
Turk,
term ot service and the public would of a bank, is more expedient, eco- the doctrine of "Peace on Earth
a selfish idea of the northern and chosen.
And,
by heck, I’m ready for a full
good
will
towards
men
”
as
taught
teee the fruits of his experience. A nomical and altogether more satiate»
western people that they can never
Wake up you southern people of
day’s work.
by the meek and lowly Nazarine.
five year term is long enough to per- lory.
be broadminded enough to give any Vernonia and take a hand in your
Then
I
grease
the
wagon
and
put
on
Changes
Needed
■zlt his rendering useful service
Great Britian, Franse and Italy
of the great southern men’s names southern history and the things that
through capitalizing his experience
the rack,
The consensus as to changes need­ have recognized Russia and there is
*ad then if he is found capable the ed to strengthen the work of the state no reason why this country should Throw a jug of water in an old grain to anything. We can go back to are of so much interest to your
Thomas Jefferson, Robert Lee and
Chances of his reappointment would tanking departments is summarized
sack,
children, when they grow to man­
not do so *1*0.—Correspondent.
bo strong.
on
down the line to our late ex-
in
the
following
recommendation«
Hitch up the horses, hustle down the
i
hood
or womanhood.
It was found that duties other than
President Woodrow Wilaon, and any
1. Provide adequate salaries
lane.
2. Give Bank Coiuiubmtonor large dla-
Wishing
for the best for every
bank supervision are frequently im­
of them were as great and honora­
power In granting charters SENATE COMMITTEE FAVORS
Must get the hay in, for it looks like
posed on the banking department, eretlvnary
and enforcing bank regulations.
thing
for
Vernonia.
?
ble as Washington and Lincoln.
rain.
S. Remove the office from p-—-
ranging from insurance matters to
START ON LONGVIEW BRIDGE
Right
here
when
the
city
is
nearly
politics
by
providing
for
election
or
A TAX PAYER.
irrigation projects and even state nomination of the Commissioners Mr the •
—___ _
* Look over yonder, sure as I nm
hail insurance. The almost trnani- bankers.
bom,
4. Provide for a sufficient number of
saeua expression ot opinion is that the examiners
WASHINGTON. Feb. 7— (Wash­ Cattle’s on the rampage and cows in
with adequate pay. and tree
position of bank commissioner is a their appointment from polities.
ington Bureau of the Journal)—The
the com.
5.
Give
the
Banking
Department
full
task of such outstanding importance authority to act as receiver In the case
Start
across the medder, run a mile
.senate
commerce
committee
has
fav
­
as to demand that he devote all his ot failed banks.
6. Make Bank Commissioners' terms orably reported the bill to grant per­
or two,
time and attention strictly to prob­ five
years.
lems of bank supervision and régula-
7. Make requirements for Bank ('•m- mission to W. D. Comer and Wesley Heaving like I’m windbroke, get wet
missloner
eligibility not less than See Vandercock to construct a bridge
tlon.
clean through.
years of successful banking experience
Seme states impose no statutory and well recognized executive ability.
over the Columbia between Long­ Get back to the horses, then for re­
qualifications whatever for Bank
Bank supervision, when wisely and view, Wash., and Rainier, Ore.
compense,
ALL KINDS OF LAUNDRY WORK
Commissioner. A number merely re­ impartially administered. Is capable
Nance got straddle the barbed wire
Upon
suggestion
of
Secretary
quire that he have nominal qualifica­ of rendering one ot the highest type«
Washablejugs
Blankets
fence.
tions, in many cases purely negative. of service a state can give its people Gore of the department of agricul­
ture, the bill has been amended to Joints all a-aching and muscles in a
Lace curtains
Feather pillows
jerk;
authorise the two states, or either,
Wagon Comes to Vernonia Daily
A national organization, to be
It used to be said that the two old oc counties adjoining, to acquire the I’m as fit as a fiddle for a full day’s
Sox Darned Free
political
parties were controlled by bridge for operation as free bridge
work.
known as “The Local Loyalty Lea­
“QUALITY AND SERVICE”
gue,” is incubating in Chicago, and “bosses.” Probably they were to at not more than cost of construc­ Work all summer till winter is
nigh,
its slogan is: “Promote Prosperity! some extent. But the “bosses” in tion, or to operate it as a toll bridge
Vernonia Agents Are:
Trade at Home!” The object of the the two old political parties have not more than five yearn after pur­ Then figure up the books and heave
VERNONIA CLEANERS
a sigh.
organization is to induce people to multiplied quite rapidly under the chase.
Oregon
system,
they
can
be
counted
Worked
all
year,
didn
’
t
make
a
The
secretaries
of
war
and
agricul-
COLUMBIA BARBER SHOP
trade in the home town, It is a cap-
thing,
ital idea if it can be organized in by the thousands under tho new ture approve the measure in this
Got less cash now, that I had last
every city, This is where the home system. How so? Citizens register amended form
ne hell
spring.
newspaper renders valuable service and identify themselves with a polit­
Now,
some
people
say that there aint
to home merchants, for it is always ical party before tho primary elec­
GERMAN PROPAGANDA
no
hell.
preaching "Trade in the Home tion, to accuse them nt that time of
_______
I
But they never farmed, so they can’t
Town.” Lots of persons seems to disloyalty to the party they had
teH.
Germany
is
reported
to
be
at
work
have an idea they can buy things affiliated with would, probably
cheaper and better in larger towns, cause a fistic encounter, contending again spreading propoganda in this When spring rolls ’round I take
another chance,
but that is not correct. People who they were true blue republicans or country, spending millions and mil­
While
the fringe grows longer on my
lions
of
dollars
endeavoring
to
create
live in a city should support the dyed-in-the-wool democrats. Failing
old pants, .
home merchant and by doing so help to procure nominations for them­ trouble between the United States
in the upbuilding. We cannot im­ selves or friends, then their republi­ and France. Many of the large papers Give my spenders a hitch, my belt
another jerk.
press this too strongly upon the peo­ canism or democracy fades into in­ throughout the country are carrying
ple of this city and community. significance. They flop over to the big headlines insisting that France And by heck, I’m ready for a full
year’s work.
,
Let’s all support and patronize the opposite side previous to the general be compelled to settle her debts to
—
Milk
Producers
’
Review.
us.
The
purpose
of
Germany
it
to
home merchant. And we think that election and knife the nominees of
this is good advice we are giving the party they had affiliated with. cause, if Feasible, a quarrel between
everybody, and instead of sending So instead of having a few political Frano* and this country.
The money that we loaned France
your printing outside give it to the “bosses’’ in either party, there are
Charity or Business
home newspaper. For we’ve a kick now thousands of small “bosses,” was not loaned for the purpose of
coming when you do a thing like whose policy is to rule or ruin if aiding France in any way except to
Which?
that, for you should support and they cannot obtain nominations for help us win the war against Germany
patronize the home
newspaper. themselves or friends. And not- That money was loaned to save the
Health and Accident Insur­
Suppose some of our readers had a withstanding these facta, people still lives of our American soldiers. If we
ance avoids the uncertainty of
print shop, how would they like it continue to harp about “bosaes” ia had known at the time when this
heaving things to the neigh­
if we sent printing elsewhere to be the old convention system. It is money was loaned to France, and not
bors; it is a business plan, not
done? Why, they’d say it was the privilege of every citizen to be­ only France, but other European
charity; it is a duty and a
a mean trick. Everybody turn over long to some political party, but it countriee, that it would never be re­
Don't leave your
privilege,
a new leaf and henceforth trade is political dishonesty to identify one turned to as, we would have loaned
loved ones dependent upon the
with the home merchant.—Tilla- self with one party for tha primary the money just the same, because
neighbors or the public—the
mook Headiight.
election and then flop over to the the money was loaned for the pur­
neighbors may have troubles
opposite side at the general election. pose of enabling us to win the war
of their own. Cut out the risk
It simply amounts to this, a large as quickly a* possible and to save
and worry by a policy in the
(
Mr. Walter White of Vancouver number of citizens will not play the the lives of our American boys.
Mutual BuueCt
It is also much more important to
and Mr. T. A. White of McMinnville political game fair, hence the break­
Health and Accident A m **.
ing down of political parties in Ore­ us that France be kept in a prosper­
Sunday cd in Vernonia.
ef Omaha
gon in local affairs. — Tillamook ous and healthy condition, financially
Covers Disability of one day or
so as to enable her to buy milliins
Headlight.
f
more, either accident or
and
millions of dollars worth of
Mr. and Mrs. Sheldon of the Sil­
y1
sickness
WANTED—Want to buy 25 small American goods and promote the
ver Fox Pharmacy are thinkinc of
Covers every accident and all
pigs. Write or Phone Rock Creek prosperity of our farmers, manufact­
Coing to Canby for the Summer.
disease.
urer«, and other Industrie*. It is nod
Logging Co.. Vernonia.
Represented by
*
wise to eripple or kill the goose that
Mr. and Mrs. W. J. Coyle and Miss
I have some good iota and acre lays the golden eggs. But France*
Vernonia Realty Co.
Op Is spent last week-end in Port- tracts for sale cheap oa easy terms. should pay her debt, and France will
land.
Jim Clark, opposit P. O. pay it as soon ae possible.
A
Shoes Of Todays Style
WE CAN FIT YOU
PETERSEN’S POPULAR PRICES
STATE LAUNDRY CO.
------- :-------
k,
a