Vernonia eagle., June 27, 1930, Page 5, Image 5

Vernonia Eagle, Vernonia, Oregofl
Friday, June 27, 2930
banking develops tendencies that
give rise to public fears, we must
so conduct ourselves as to reassure
all doubts.
“For this is true,—that business
succeeds only by serving society—
that no business can permanently
Dairymen should grow more prosper which does not both render
root crops for their cows. There service to the public and at the
should be one acre of roots for same time convince the public that
every ten or twelve cows. There it is rendering that service. Bank-
are four factors that influence ng, therefore, must take cognizance
this crop; the variety planted, c* what the public is saying ot this
the fertility, the care and the new era in its development.
weather. This article deals with
“it must be part of the technique
ot modern banking administration,
the fertility.
The natural fertility of the whatever form our enlarged insti­
soil is the most important fac- tutions take, to avoid the creation
tor. On the rich bottom or tide ot monopolies, or even the appear­
lands a fair crop of roots can ance ot such a centralization ot
be raised without the addition tiuancial power as to be able to
of fertilizer. The use of barn­ exercise an undue influence ever
yard manure is always advis­ public or private nuance or other
able. On the bottom or tide­ lines ot business. The public's right
lands of good fertility, ten to to the safeguards ot fair competi­
twenty tons can be used to ad­ tion must bo observed.
vantage. On the poorer types Must Preserve Individual Initiative
“It must also be an Item ot man­
of upland or bench land, 20, agement that individual Initiative
tons or more should be used.
and opportunity shall be main­
The root crop can stand any tained. If America has outstripped
amount of fertility as its yield o'her nations In the distribution ot
is in direct proportion to the the beiK-tlts ct its progress, It Is due
fertility, The larger the yield to the tact that there are no bar­
per acre the more profitable it riers ot social caste or business tra­
is. It is better to grow 40 tons dition against advancement tor
on one acre than 20 tons on character, ability, and Initiative.
two acres.
American business has learned that
From experiments at the As- , 1’ serves itself best by encouraging
tor Experiment station, it has by every practical means Individual
been found that one ton . of ambition and initiative, and hurts
manure will produce 1.2 tons Itself most by repressing or neglect­
of roots. On tideland one ton . ing them. Colupetitlon for effi­
of manure will produce 1.8 tons I ciency, both within an organization
and between organizations, will
of roots or more.
has already ' prevent any institution from long
Superphosphate
enduring in which maintenance of
proved profitable, Every dairy
opportunity and recognition of
man should apply 400 pounds Initiative are not controlling prin­
of superphosphate per acre and ciples ot management. As heads
disk it in just previously to ot tlie greatest ot our financial and
planting time. This will increase , industrial institutions stand men
the yield 7 to 11 tons per acre. I who started from the humblest ot
It often saves the crop from a beginnings. Through all the grades
total failure. Phosphorus is the ot executive authority and reward
plant food that all coast coun-;____
stand men in positions In keeping,
ty soils are weakest in. Dairy-1 generally speaking, with their indl-
men using superphosphate £pr vldual merits. I, personally, see no
the first time should leave a reason for fearing that the enlarged
part of the field untreated to ' banking organization which the
I future may hold would necessarily
demonstrate its value.
Lime increases the root crop I supply future bank employees with
6 to 9 tons per acre. The ad­ any less opportunity for achieve­
dition of lime just previous to ment than unit banking.
"Again, a major consideration of
root crop does not produce this
result, but lime used in a rota­ administration in any multiple form
tion of crops will. The lime o banking organization must be its
should follow the clover sod in public relations In every community
it touches. Its foremost considera­
the rotation.
No other fertilizers have pro­ tion must bo actually and visibly
to serve tho economic upbuilding of
duced any marked results on that community. No system will
the root crop except those men­ be long tolerated whose local mem­
tioned above.
bers work, or are suspected as
Twenty tons of manure and I working, to draw economic strength
400 pounds of superphosphate from one place to enlarge the finan­
should produce about 33 tons; cial power ot another. The local
on upland and 40 tons on the ualt bank has always been part
bottom lands or tideland. This and parcel of the communities
amount of roots has a feeding where it lives—and no system can
value equal to four tons of corn last which does not make it a major
meal.
principle ot operating technique to
serve, and not exploit, the commu­
nities into whose business lives it
enters.”
Growing the
Root Crop
I
American Bankers Association
Official Declares That Bank­
ing Changes Creating Large
Bank Systems Will Call for
Broader Social Viewpoints.
Larger scale group or branch
banking will Inevitably bring a new
era ot banking organization and op­
erations to the United States and
bankers will have to develop “new
conceptions, new administrative
methods and new economic views,”
Rudolf S. Ilecht, Chairman ot
Economic Policy Commission ot
American Bankers Association,
cently told the members ot
American Institute of Banking.
The institute Is the educational
section ot the association and he
emphasized the point that the new
era in banking demanded ‘‘that wo
must step-up our education so that
banking shall be fortified for new
responsibilities.”
What the Future Calls For
“We must broaden our social con­
ception of banking," Mr. Hecht said.
"Not only for the technical oper­
ations of the new banking must we ,
fit ourselves, but both as Individuals
and an organized profession we
must charge ourselves with serious
consideration jf the social problems
that are involved. Already we hear
murmurings and fears and doubts
as to whether the changes that are
coming about in banking in the ex­
tension of group and branch sys­
tems do not constitute the looming
ot a new financial menace, a mo­
nopolistic threat not only to the
individual unit banker, but to the
financial liberty of society In gen­
eral. I am stating these things
merely as facts that must be taken
into consideration in our studies.
"Public opinion cannot be ignored
by any business, least of all by
banking, which is admittedly semi­
public in character and is, there­
fore, subject to special supervision
by the constituted authorities. If
To
Picnic At
June 29
Attend
Hillsboro
Pioneers of Columbia County
have been invited to attend the
annual reunion of the Washing­
ton County Pioneer Association
which will be held at Shute park
at Hillsboro Sunday June 29,
starting at 10:30 A. M. A morn­
ing and afternoon program is
being arranged and those attend­
ing are asked to bring a basket
dinner, with coffee served by the
committee in charge.
The president of the organiz­
ation, Mrs. Alice L. Redmond
especially invites pioneers of this
county to attend and get acquint-
ed.
Forty Years Ago
(From the Nehalem Journal of
April 29, 1890)
The carpenters’ strike has
now assumed definite i shape,
___
and become a settled, or more
properly an unsettled fact.
It demands that carpenters,
painters, plumbers and metal
roofers should be paid $3 per
day and that eight hours be a
day’s work; that for over time a
price and a half should be paid
and double price for work on
Sundays.
Little
Locals
Roads improving rapidly.
Thomas Lavender is building
a very neat stable back of his
residence.
John Campbell was employed
Friday in laying off the new
cemetary
on
the
Wilkinson
place.
The workmen up at the rain
factory are on a strike. Latest ;
reports indicate that there will j
be no regular work until next
fall.
There was another small blaze
in town last week, The house
of Grandpa Hess was discover­
ed to be burning, but the fire
was put out before any serious
damage was done.
Grandpa Hess, with his hazel
pole, is about the only success­
ful fisherman in town, knocking
out the sports with their fancy
rods and triple-multiplying reels,
He has taken some fine trout
I
lately.
The surveying party under'
Engineer Robinson ran
their
preliminary survey from
the
Beaver creek pass to the Ne­
halem river at Sol Sheeley’s
place Saturday, and were then
compelled to return to the
Washington county portion of
the line to do some necessary
work there. So far no complaint
has been heard, although the
line runs through every door
yard on Beaver creek.
A
By JOHN G. LONSDALE
President American Bankers
Association
XS7E ALL remember the story of
” Ichabod Crane and the headless
horseman. There was the dark
form by the
side ot the
road—thunder­
ing hoofs on
the Sleepy Hol­
low highway—
and I c h a b o d
■SM»*'
fleeing in con­
fuse d terror
before this ter-
rible monster.
If Ichabod had
only known
that his hob­
John G. Lonsdale goblin was an
inventive rival
disguised with a pumpkin head, he
would have had a good laugh and
gone on with the business of van­
quishing hiti competitor.
What Ichabod really needed was
a modern flashlight. Then he would
have discovered the trickery at
once. Many business men need the
flashlight of analysts to uncover the
hobgoblins in their business and
then they might sit back and laugh
at their rivals who hesitate te In­
vestigate and learn the truth.
At this time, when business and
banking are making strenuous ef­
forts to have a clear vision ahead,
it is especially important that the
power of research and analysis be
employed to their fullest extent
When these twin brothers of good
management have been pressed
into service In all fields, I am con­
fident we shall see a further lessen­
ing of periods of stress. However,
I believe business in general has
learned the valuable lesson that
any prosperity that is not leavened
with a little adversity would not
reem basically safe or sound.
Invited
Pioneers
Broken
Shoulder
Blade
Several days ago John Pringle
had the misfortune to stand in
the way of a pile of falling hop
poles and received some severe
bruises. Last Friday his con­
dition was such that the services
of Dr. Newth were required. An
examination disclosed the fact
that
Mr.
Pringle’s
shoulder
blade w’as broken. Dr. Newth re-
duced the fracture and made his
patient as comfortable as cir-
cumstances would permit.
Rose
Sees
His
lieS StOl*V
Denies
Story
On -- Speed
r-- Laws phold
I ^r'end*’ no one *8 particularly her calling
It is everybody’s diphtheria.
banks in the Federal Reserve Sys­
..
J
concerned; but if you have ty- business to be sure that the >
“Has your child been protcc-
tem should participate more largely
fever, diphtheria, smallpox schools are doing their big part i ted?”
in its net earnings through an in­
lor any ‘catching’ disease it is in making the next generation
crease in the dividend rate above
m Oregon:
Jun«
25 Re-
R«_’? : ve.n*<»dy’» business. In either healthy.
Salem,
Oregon:
June ...
25
the present fixed 6 per cent "would
,
.
InovMUVV
instance yvu
you will I call your fam­
“Community health is every­
cent
news
stories
purporting
to I ily doctor to tek
Scxvard Motel
be a very small financial induce­ quote ^rotary of th. SUU Hal
“*.
t'h’eVrLZ: body’s business. It pays good
ment" to them, it is declared in a
dividends in comfort and free-
HOUSE OF CHEER
recent study ot this subject by the affecting "the "state ’speed iaw"?f that* olheis"* are” Tt'1 Td f?d I dom from dis«"e-
TENTH AT ALDER
Economic Policy Commission of jo
35 miles
miles an
an nour,
hour, have
been am-
em-;thB k.
>.^.1?».
Y°u are inrormed
informed
nave Deen
B|tL
.
I “S.«e that you
Portland
___w__
Oregon
the American Bankers Association. piatically denied by Hoss, who I 9ent the nuhlir hn’
♦ •
i<n a11 matters pertaining to the
Excellent
meals
at
pop­
This is shown, the commission said in a recent statement:
’ r Certa?n d-f' public health “d that you do
ular prices. Coffee shop.
says, by a theoretical forecast, on I
| mite duties to perform when in- Vour
in
.
Merchants Lunch 25c, 35c.
This ihe snrJa
,„P
.?:*
“Oregon’s speed limits are fix- fectious diseases occur.
the basis ot the past b I x years, ot
Dinners 40c, 50c, in dining
additional earnings that would be ed by the state legislature and health official will ask you a the spread of communicable di-!
sense to others.
room.
Breakfast 25c and
disbursed to member banks during there has been no change from lot of questions to try and find
up.
Luncheons
35c,
50c.
“One of the best ways of do-1
the next six years under two plans the 35 mile limit. Reports recent out where you caught your di­
Dinners 55c, 65c, 75c, (1.
Introduced in bills before the United ly circulated would lead one to sease so that he can take the ing this is to have all children,1
W. D. McNair, Manager
States Senate.
believe that I had encouraged proper steps to control it at the especially preschool children, ex- '
W. C. Culbertson, Prop.
______ ,___
and
"The Fletcher bill provides that fast travel on Oregon highways, source. It is also his duty to amined for physical defects,
Federal Reserve Bank earnings, but the story was unfounded.: see that you i observe certain immunized against smallpox and
after present « per cent dividends What I have in mind is a rec-' rules so that your illness will
to members and completion of a , onunendation to the legislature not spread to others. You are
10° per cent surplus, should all be ^next Januory that they fix a1,compelled to obey these regula-
distributed as extra dividends to ’ speed regulation in conformity to. tions in the interest of the
the stockholder banks,” the report | the National code being adopted ^.health of everybody
says. "If the earnings of each
is everyDod
everybody ;g
’s Dusln(
business to
Federal Reserve bank were distrib­ unkformily throughout all the, “It is
kinJ
water
uted among Its own members there .Utes, which has its bauc pnn- know what
------
-----
—
your
ciple
the
substitution
of
*reck-
.
-
would be no extra dividends In the
community has. Is it good? Is
lessness*
where
speed
in
excess
¡t
1°
*
V
Boston, New York, Philadelphia. I of the limitations -is charged.,“. “fel Is “ . properl
> super-
1
r j'
Cleveland, Chicago and San Fran­
vised? Or is it potentially dan-
;
This
is
strictly
a
matter
for
the
'
cisco districts during the next six
. gerous? It is everybody's bus-
years, but the other six Federal ’ state legislature, and I am not I '" iness to know the kind
and
1
usurping
their
perogatives.
Reserve Banks would pay annual
quality of milk which is being
extras at the following rates: Rich­ | j And
.................
..
.
in the meantime,
the
Or-'peddled in his community. Are
mond, 6.08 per cent; Atlanta, 4.09 , egon speed laws are just as ef- 'the dairymen 1 complying with
per cent; St. Louis, 3.50 per cent; 1 fective as they ever were, and lithe sanitary code? Are samples
Minneapolis, 9.51 per cent; Kansas have advised the Btate traffic di-1 regularly examined at the lab-
City, 5.48 per cent; Dallas, 4.83 per j vision that anyone caught speed-’ oratory? Are santary and clean
cent.
Near Deer Island
ling should be shown absolutly no,methods
used 111
in the
pro-
asB^vssvuo being U»CU
LI1C pro-
"If the earnings were pooled and
i consideration because he thought duction of milk at the farms?
paid out to all members in all dis­
If these essentials in milk pro­
tricts each momber would receive I the limits had been raised.”
Bucking Horses
Relay Races
duction and distribution are not
an average annual extra dividend
looked after everybody and ev­ i
Chariot Races
Trick Riding
of .78 per cent. Under this plan
erybody’s babies may become
Growth of Banking Education
no franchise tax as now would be
FAST HORSE RACES
DENVER, Colo.—At the Ameri­ sick.
paid by the Federal Reserve Banks
can Institute ot Banking convention
to the Federal Government.
“It is everybody’s business to
Fancy Roping, Bucking asd Roping
held here last month the growth tn ! know what the schools are do-
Another Plan Analyzed
Contest
the
effort
among
bank
employees
i
ing
to
make
healthy
citizens.
“The Class bill would provide to provide them-sives with bank­
.
Has
your
school
a
public
health
that, after present 6 per cent divl- ing education was shown by the
Each Afternoon at 2:30 p.m.
dends, one-halt the remainder tact, as reported by one speaker, nurse who is intelligent and
should be paid to member banks that 12 yeurs ago the Institute haff awake to the opportunities of
as an extra dividend with the resi­ 80 study chapters, today 208, and
due going to surplus and Federal
that its enrollment in the study
Government as franchise tax. The courses had grown from 11,000 to
average annual extras to members tj.OUO, or an Increase ot over $00
would be as follows: Boston Dis­ per cent. The graduates number
trict, 2.51 per cent; New York, .48 nearly 14,000. The institute Is the
per cent; Philadelphia, 2.06 per
educational section ot the Ameri­
cent; Cleveland, 2.09 per cent;
Richmond, 3.26 per cent; Atlanta, can Bankers Association through
4.67 per cent; Chicago, 3.20 per which bank workers are given in­
cent; St. Louis. 2.02 per cent; Min­ struction in theoretical and practi­
neapolis, 4.75 per cent; Kansas cal subjects relating to their busi­
City, 2.74 per cent; Dallas, 3.31 per ness.
Slightly Twisted
cent; San Francisco, 1.87 per cent.
"If these extra funds were pooled
“Yes, sir. I have seen your ab­
the result would be an extra aver­ bey and your St. Paul’s and tomor­
age annual dividend of 1.73 per row T am traveling to Stratford to
cent for each member. Under this look over the bathplace of your Im
plan the system would still pay as mortal bird.”—London Opinion.
now an annual franchise tax,
Where They All Fail
amounting to $1,941,996 on the aver­
“Most folks Is prepared for any­
age.”
By way of concrete instance, the thing," says Scattergood Baines in
American Magaclne, “till It com­
report says, a member bank having the
mences to rain and then they's a
capital and surplus ot $200,000, leak In the roof.”
therefore holding Federal Reserve
Bank stock amounting to $6,000 on
which it is receiving $360 under
the present 6 per cent dividend ar-
rangement, would with the addition
of each 1 per cent to the dividend
In cooperation with
rate receive an additional Income
U. S. Public Health Service
of $60 a year.
“If each member bank will figure Frederick D. Stricker, M. D.,
Collaborating Epidemiologist
I
out for Itself the dollar-and-cents
gain it would enjoy we are confi­
dent it will be agreed that the
Everybody's Business
gains are small as against the eco­
“If you break your leg, it is
nomic disadvantages which can be your business. Outside of your
pointed out," it concludes.
family, your employer and your
I
Round-up
JULY 4-5
Columbia County
Fair Grounds
State Board ot Health
RESERVE SYSTEM'S
DIVIDENDS ANALYZED
The most worthwhile
gift of all
1 A Westinghouse
TWENTY-FOURTH ANNUAL
fHappy Days’ Celebration
House
Spencer Rose came rushing
into the office last Wednesday i
morning waving his hat and yell­
ing in a way that would make
a Comanche buck turn green
with envy. He gave as a reason
for his excitement that he had
seen his own house from the
middle of town. Something he
had never seen before nor had
ever expected to see. But Ver­
nonia is not a hole in the woods
any longer and each day some
marked improvement and change
may be noted. The tall timber
which has so long hemmed in
the town is falling rapidly, mak­
ing way for the neat cottages
or commodious store buildings.
Everybody is preparing for the
railroad and the good times
which are coming.
Five
I
FLAVOR ZONE RANGE
Day and Night
In every house, “somebody”
spends tedious hours cooking
... cooking ... cooking. How
grateful she will tw for a West­
inghouse Flavor Zone Range.
This modern electric range,
with its automatic control of
heat, gets meals all by itself.
And gets them so capably that
she won’t need to go near the
kitchen from the time the food
goes into the oven until it
comes ouL Yet bar dinners will
have a full flavor and melting
tenderness that rivals the
matchless fare cooked in the
good old Dutch Ovens.
A Westinghouse Range is a
gift that will give “somebody”
three hundred and sixty-five
afternoons a year ... all for
herself ... a gift that will pre­
serve for her that freshness
and buoyancy that clings to
women who aren’t always
tired out from endless kitchen
steps.
July 2, 3, 4
Shute Park, Hillsboro, Oregon
Sponsored by the Chamber of Commerce
Rides, Shows, Bands, Drum Corps, Champion­
ship Walking Contest, Fireworks, Aeroplanes,
Baseball Games. Dancing in Big Pavilion,
Music by KGW Orchestra
Free
Attractions,
The Zerados—Cherry
Stanley
and
SENSATIONAL CIRCUS PERFORMERS
PATRIOTIC EXERCISES
Boys and Girls Races, Indies Nail Driving
Contest
FREE ADMISSION
Queen’s Ball and Coronation Ceremonies Thurs­
day Night, July 3.
Bankers Find Increased Pay­
ments to Member Banks
Would Be Small Inducement.
Various proposals that member
r
TU1 *1 irvthfwt.
thf
Qafc5-f?»U Hail. »0!
ft—
M’k f st%
grputrr tgppJ
/• M% pweta' »0-
tinep.
**
tlu Had aaà guaalitp
Are You
Taking advantage of ordering’
Pre-sliced “ Mother’s ”
Bread at our bakery?
You’ll be pleated with the sanitary and easy manner the bread
wrapped and served in this manner, can be served.
VERNONIA BAKERY
•f f—J
Oregon Gas and
Electric Co.
G. W. Ford, Supt.
f—M-