V
THE RETURN OF
UNDERSTANDING
By JOHN H. PUELICHER
RADUALLY the unreasonable
prejudice which held the
banker responsible for both the de
pression and
all of its dire
consequenc e s
is now pass­
ing. It is being
realized that
had the bor-
rower been
able to pay.
the banker
would have
met the de­
mands of the
depositor.
That there was
J. H. PUELICHER
n o adequate
market tor mortgages, bonds, stocks
—as a matter of tact tor any of the
merchandise in which the banker
deals—was not taken into consider-
ation by his critics. With them, it
was a question of finding someone
to blame no matter what ruin blame
brought with it.
The sneers and jibes against the
banker which for so long a time
were front-page stuff are gradually
disappearing. Will It ever be pos­
sible to measure what these unrea-
sonable slurs and criticisms have
done to America? Bruce Barton
hits the nail squarely on the head
in the following statement: "The
country has been flooded with
sneers and wisecracks against
bankers. Most of these are not
funny and their influence is unfor­
tunate. America will pay a beavy
price in the future it it now allows
faith in its bankers and banks to
be undermined."
Loud denunciations at political
gatherings and loose talk in high­
way and byway regarding banker
and banking did more to break
down the financial structure of our
country than any Inherent fault in
the banking system.
G
Bankers Lost Before Depositors
One must always remember that
before a depositor lost a dollar, the
banker lost bis all. Deposits in
banks are again mounting, proving
conclusively that the bank is not an
outworn, useless institution; that
as soon as confidence in It is re­
stored. the necessities of the peo­
ple compel its patronage. We are
^slowly but steadily moving out of
our slough of despond. People are
again looking forward.
Now that the emotional reaction
to the depression is no longer gain­
ing converts, we are beginning to
look at ourselves and .our circum
stances with some degree of con
scious maturity. We are seeing
changes. The very distresses of our
economic situation have pierced
our complacency
The chief factors that mold pub­
lic opinion have become more ra­
tional and have begun to realize the
fatality of uninformed expression.
We are beginning to see that un­
derneath all Is a lack of informa­
tion.
But will we even now go forward
with Intellectual courage? Will we
continue, as a people, in our half­
education our half-information, our
following after false gods, our un­
trained into'
e, our inadequa-
24th Annual
PAGE THREE
VERNONIA EAGLE, VERNONIA. OREGON
FRIDAY, SEPTEMBER 21, 1934.
NATAL COUPLE HAVE GIRL
NATAL—(Special.)—A daugh­
ter weighing nine pounds was
born to Mr. and Mrs. Richard
Daggett at St. Helens. The baby
was given the name Betty Louise.
Mr. Daggett will bring his fa­
mily home next week.
Evangelical
Sunday
School
late—Pilate Before Christ.” Don’t
miss this service!
Mid-week service Wednesday
7:30. We are still studying “Chris­
tian Action” and the special topic
now is “Holy Spirit”
Every person has in general
three relationships and they are
all very important. Our relation­
ship to ourselves, our relationship
to others, and our relationship to
God. A man must be right in all
of these and the Christian reli­
gion helps in all of these rela­
tionships and makes a man deal
right with himself, his fellow men
and with God.
C. R. Pritchard, pastor.
As the contest nears its close
the interest is getting greater
and greater, Sunday the reds
had 12 more present than the
blues. This decreased the blues’
lead to 21. Both sides are work­
ing doubly hard this week.
Plans for Sunday are that each
FEDERAL RESERVE BOARD
side will present a special num­
FINDS BANKING BETTER ber.
September 30 is Rally day—
WASHINGTON, D. C.—A review
Mrs. L. H. Dewey was called
by the Federal Reserve Board Indi as well as the final Sunday of
cates that the condition of operating the contest. A good program is to Portland last Friday by the
serious illness of an aunt. She
banks, particularly In country dis being prepared for that day.
returned home Sunday evening.
tricts, has improved in recent
months, as shown by the tact that
CHRISTIAN CHURCH
Calvin Quinlan was a Portland
these banks have been able to re­
visitor Sunday.
duce their Indebtedness to the re
Bible school at 9:45. MorninR
A daughter named Beverly Jean
serve banks, to the Reconstruction
Finance Corporation and to others. worship and communion at 11:00. was born to Mr .and Mrs. Otto
The July bulletin of the board in Sermon, “The Prayer Life of Je­ Meyer last Friday.
sus.” This is the first of a series
discussing these findings says:
Get your listing in the new
"At the same time progress has of sermons on prayer. This should directory and free installation of
been made in making available to be very helpful in building the your telephone September 10 to
depositors funds that bad been tied church sprtually because prayer 24, inclusive.
Adv.
up in closed banks.
is the breath of the Christian.
Miss Marjorie Gray of the
"Banks In financial centres have
Don’t miss any of this series.
grade school staff spent the week
been out of debt to the Federal Re­
Christian Endeavor at 6:30. end in Portland.
serve Banks tor a long time and in
addition have had a large volume of Evening evangelistic service at
Mrs. Harry Strong came Home
excess reserves. At the beginning 7:30. Sermon, “Christ Before Pi- from Portland last week, im-
cles of mlnu: Man’s Intelligence
adequately trained can solve the
problems of our social order. There
is the frontier that calls the pioneer.
There Is the undiscovered land that
beckons to the explorer. Therein is
the fate of democracy.
of the year there were still many
small banks throughout the coun­
try. however, that carried a consid
erable load of Indebtedness.
Country Banks Reflect Improvement
“The liquidation of indebtedness
by these banks reflects in part Im
provement in business conditions
and the consequent ability of cus
tomers to repay bank loans which
long had been frozen. It constitutes
a strengthening of the banking po­
sition."
Tbe board pointed out that the re­
duction of member bank Indebted
ness has been continuous since tbe
beginning of 1932 except for a brief
period during tbe banking crisis in
the Spring of 1933. The review said:
“In 1932 liquidation of indebted
ness of member banks to the re
serve banks was accompanied by an
Increase of their borrowings from
the Reconstruction Finance Cot
poration. In the past year and a halt
however. Indebtedness of membei
banks to the Reconstruction Fi
nance Corporation has also been re
duced.”
proved in health after a very
serious illness.
Mrs. A. J. Hughes ana Amy
Hughes motored to Portland on
Saturday.
SPECIALS
For
Friday & Saturday
VEGETABLES
LETTUCE
Head
5c
SWEET SPUDS
5-lbs ............... 23c
CARROTS, 2 for 5c
JUMBO CELERY
Bunch 10c 3 for 25c
SQUASH, lb. . .. 3c
WHOLE WHEAT FLAKES
Kellogg’s
O t-
New Schedule Rates for
Packages
Effective September 10, 1934.
w< sight
1 to 50 mi.
51 to 65 mi.
1-lb. to 15-lbs. ... ............ 25c ..... ......... 30c
16-lbs. to 30-lbs. ... .............30c....... .......... 35c
31-lbs. to 45-lbs. ... ............ 35c ..... ......... 40c
46-lbs. to 60-lbs. ... ........... 40c ..... ......... 45c
61-lbs. to 75-lbs. ... ............. 45c....... ......... 50c
Over 75-lbs. 50c anywhere on route until class
rates apply
PORTLAND-VERNONIA
TRUCK LINE
POST TOASTIES
3 Packages .............
25c
DRIP COFFEE
Schilling’s
Pound ....................
33c
OUR BLEND COFFEE
3
lbs ............... 58c
CORNED BEEF
Derby brand
12-ounce tin ...........
18c
PANCAKE FLOUR
Sperry’s—
Large package ----
25c
LAUNDRY SOAP
White Wonder—
9 Bars __________
25c
CITRUS
Washing Powder
Large package ......
BOBBY THATCHER-The Absent One
23c
BAKING POWDER
Schilling’s
12-ounces ................
28c
Meats
Eat Nehalem Valley
.Beef and help the lo­
cal farmer*.
BEEF
ROASTS — lb. 14c
--------
PACIFIC J
________________________
INTERNATIONA! I >
LIVESTOCK K
EXPOSITION JD
BOILING BEEF
Pound ................... 8c
dM
If
By GEORGE STORM
HAMBURGER
2-LBS................ 25c
SHORTENING
2 LBS................ 28c
I
PORTLAND, OREGON
October 6 to 13
19 thews In One—II ocres wndnr one
roof. Exhibits of pore-bred livestock.
Doga. Poultry, Pet Stock. Wi W life, lend
Product,, Monufoctvrod Product,. 4-H
Clubond Smifh-HvghesVocoHonol Ed»
cotion Work, Cotnblnotion Hone Show
end Indoor Rodeo
LARGÌ PRfMIUM LISTS
REDUCED FARES - ALL LINES
I
Nehalem
Market & Grocery
Incorporated
Phone 721
We Deliver—FREE!