The Cedarville Herald, Volume 47, Numbers 1-26

i « l * « m *» BBT 1 0 1 Tb* r e a l « pttrpot home' well a Th<| lead t presse ineqy ,\Veat datiQJ additi for tl revalt As reasew should , °hi? , far & states find at CoUtm that ,W payers possibl are ss will b I t ii . tax ,1a been , - vide f saving payer we sb valuai , always on prf who a re- any c ductic R d the hi time creasi have quests care in Cqf tax fof , the s t| esrais exerhpl The this tij taxes. • ■ this su missioi force a the san itor, } tha t ever them the re the p« a t hoi I f you! te r atq Februa your M w f' MW THE NATtON 1 $ PROTECTED ' * * * : i FMM SERHHIS DISASTER i ■ City Wflfaxff« Retervo Water Supply Against Oe&truetlon by Ftre . Ueertetf by Banker*’ Committee to Business Sltua- ttenWtthout Federal Reserve System. ’ 4 «ttal stament In sverybody's prosperity it that mysteriow. eoeadte* «r other” esjled bank m#rv», says the Committee on PuWlo .PSneetton ot the American Banker* Association, addins; "It Isn’t *a *W .matter to make simple and Interesting, hut Its Importance to every man, ■woman and child In the country makes the effort worth while.” The Com* seltteeoetttiane*; * j Money on deposit mast always be ready tor depositors when they desire :ft, Banks most also be ready to loan money, when heeded, to their customers, Ter business would be hampered. In other words, prosperity depend* largely *on the ability oj l the banks to meet these demands—thst is, depends on the "bank reserve*," The problem o( handling reserves has been difficult. The Federal Reserve System has met the problem more satisfactorily than any other method ever tried in this country, The Greet Solution Oar bank* are managed by officer* and director*, elected by their own stockholders, They are interested In helping the town to grow and prosper. But Just as a local telephone station la valuable to the interchange of ■thought because It belongs to a system whose wires reach to all parts at the nation, so the local bank la valuable to the interchange of -busi­ ness’because of Its Connections' with other banks In the United States, finding its strength and Its usefulness fn. being part of a system, • For many years a plan ’was sought whereby our thousands ot separate* and Independent banks could get to­ gether and cooperate for the Improve­ ment of our banking methods, and for niutual protection In emergencies, both for themselves and customers. We had periodical money panics, dan­ gerously disturbing to, business,. and chargeable. In large part, to defects 'ip our banking and currency system. - There was no central 'bank,from which the individual banks could get assistance In time Of trouble. Panic conditions caused weak banks to fall, jand. even strong and sound Institutions to be imperilled. Bankers, business men, and leaders in Congress for years made a careful study of banking and finally Congress passed *a law providing' for the establishment o f. twelve great Federal Reserve Banks, each designed to serve as a sort ot central bank for such banks in Its allotted territory as might become members of the Federal Reserve System. It retained1 the American plan'*'of Independent banks doing business un­ der the management ot their own di­ rectors and officers. About 10,000 hanks have become members Of the Federal Reserve System. Tbe mem­ ber banks In each district own the •entire stock of tbe Federal Reserve bank there,, end elect two-thirds of the directors. The other directors are' appointed by the Federal Reserve Board at Washington, the Govern­ mental body having supervision over the Reserve1.banks, though it does not operate them, Rs -members arc appointed by the President of the TJalted States. The Federal Reserve banks hold Member banks’ reserves, Formerly each bank carried In Its own vanlt the cash required by law as a legal reserve so that it would be ready to pay'depositors on demand, Thp gold supply of the country was thus scab tered among thousands of Independent banks. When Fire Rages This situation may be likened to the old-time water supply in a town. Bach house had to depend on its In­ dividual well, tank; or cistern. Flo- tore such a town attacked by fire. If the water was low In one well, from drought, or excessive use, water would have to be borrowed from a neighboring welt . Suppose the water In that well also was at a low level. Thus the safety of all wae sacrificed because no RESERVE water supply was at hand. The fire would become a conflagration. Under the Federal Reserve System, we have a series ot modern reservoirs, located In various parts of the coun­ try, each serving the needs of the banks In Its own. district. In each of these reservoirs credit is stored up to be supplied to the various banks, as the need arises. •' Each reservoir fa In.turn connected with all the others so that when the supply In one be­ comes low, the others -may be tem­ porarily drawn upon,. By gathering the gold reserves of the member banks into the twelve Federal Re serve banks, a result has been ob­ tained like that yielded by the con­ struction of a great city water supply. Each member, bank formerly bad to depend klmost entirely upon its own resources In making loans to Its cus­ tomers, .When It had loaned all ot its own money, It could do no more, even though, the merchant, manufacturer, or farmer customer had great need of more credit, and was seeking It for highly important and necessary purposes. Hence arose what was called a “tight money” 'situation. Now, the member bank can. and frequently does take the notes of Its customers to the Federal Reserve bank, and borrows there In much the same way aa the customer borrows from. the member bank. This reserve-storing and loaning work ot the Reserve System Is only, part ot the. wonderful protection an* service it 1* rendering, the nation, - GETTING THE IDEA JUST HbtO FfltVN MOMENT IDErA WILt and "fttfelKO V»U ft H*y: vtojer who ' of 4 &*«e is „ •MfilS ANVWAYr X . BONY * f - r , w e 9»£r id £ a ! sS& \ \ V Closer fellowship between banker* and farmers was ur&ed end a reectu- ttai adopted affirming faith In the afficaov of the co-operative marketing Idea at a meeting ef the Ataerioah Bankers Association Agricultural Commteslen. *~Ntm Horn. SAVINGS MORE THAN DOUBLE IN DECADE Maw York.—Reported savings de­ posits la banks end trust companies of the United State* have inof* than doubled in amount during the pest decade, and tha number of accounts have Ineressed by about 141 per bant, figures compiled by tbe Savings Bank Division, American Bankers Asiocia- ■tie*, ifcow, . » 4 "U distributed equally among out entire population, tbe savings deposits pa ill * would have given ISP to each adult and child in tbs country," tbs Division’s report says, “but in 1922 the portion of each would have been no loss than $162.” Tbo officially reported savings de­ posits are as follows: Deposits “Accounts 1912 . . . . . . . 18,425,275,000 12,584,216 1922 ......... 17,231,479,000 >0,121,120 increase 105.7% .140.9% “This remarkable growth is attrib­ utable to improvement in the services of the bank! for savers and to the more consistent canvass for accounts through advertising and soliciting," tbs report says. «WHor dlf, The score of a hitherto unknown Walt* by Rossini has been found Among his manuscripts in the Lfeeo At Fisa, U bears the amusing title “Castor Oil.” Hay fn Ingland. Ray Id now being made in many part* of jtegiaad by w w ot an elec* tfi& fan which dries the gras*, which I* catand stacked white Still green, , m m Ff*v* t t Hhm IMS baeM eonstdsrafeie mean t*&aiout ***j bat 1 thank <%*tord fig KAr JMjaJhk wgAatiafirh^ejsiefiabde mwfmWWf mNmmrn' Ha WUTHP# t» **•*# w«Mt a* It^Xm Mttmtt ST0P nH lj& ****** bewileaa*Mmactivesd*l <* DaHOiSrSf KICHARP LLOYD JONES SAYS Envyis theDoor-Plateof Ignorance Inferiority is the root of all envy. The strong covet the respect of others, not their envy. For envy is the rebellion of the incompetent. Cnee envy is permitted to take root it crowds out ambition as a weed kills a cultured plant Envy benumbs and stuplfies determination. It la a confession of despair. It produces nothing, it yields no return. To submit to It Is to bankrupt endeavor. Hatred has the virtue of force. You cap battle with resistance. But envy lays down all arms. Irreconcilable, it cannot even be offended into action. \ They who are unwilling to hear good tidings of a neighbor and can find happiness only in seeing others depressed to a level with themselves are the most hopelessly lost to the work of the world. Their envy is a passion so full of cowardice that even they have not the confidence to openly own it. The weakest are relyctant to pose as foes of character. Envy la a secret vice. . Upon all occasions that ought to give him pleasure the envious man wllfplly puts himself In pain, He converts what should be life’s relish into secret anguish. Those things which give the highest satisfaction to others give him the quickest pangs. T q him all the perfections of fellow creatures are odious. . Youth, beauty, valor, Integrity and wis­ dom are provocations for his displeasures. To :be offended with excellence, to bate a man because the world approves la but the faint praise of a wretched soul. ’ - So false to all good Is envy that no map can despise it more than he who envies most. As a slave to a drug he would rise above It If he could, and envies no one so much as he can- Envy hurts only the possessor. Like a scorpion confined within a circle of fire It stings itself to death. The truest evidence of character is to be without a touch of envy. Copyright, 1925—By Richard Lloyd Jones. 051 He’s oply some five an’ a half year old —an’ they say he’* bright fer his size. He-never forgets a thing he’# told, nor what he may glimpse with his eyes,'— So, I’ve got to be keerful of what I do in front of my offspring guest,—for I'm the one that he keep&ln view—this feller that know# me best.. . . . . . . He’ll climb on the arm of my Morris* cheer, with eyes wide,open, ye know . . . an’ he’ll ast me what U tobacker for, an’ why does my whiskers grow. . . - An’ he’l l . inebbie enquire, afore he’s through, why don’t I button my vest? He’s a lit* tie aristocrat, staunch an* true—this feller that knows me best . . . I've got to look pleasant around the house—an* cultivate manners new. » . « It beats the world how this little mouse will copy the things I do. . . . I tell ye-r* I’m livin’ a constant prayer, with an anx­ ious heart in my breast, but, I reckon it ain't no more'n fair, to the feucr that knows me best MY M7UN6STER Kitpper Bier of Hoboken. X, J,, celebrated his 101 tli birth­ day by visiting the capital for a call cm the President—u««.' to tell him he hnd 1-13 Coal- idge Republican votes fu his. family. 1 stg"'." [g>yroc»*x£gil Young men wanted s for thefascinating profession ofDavey Tree Surgery Permanent positions for good men Jo h n D av e y ’s o rg a n iz a tio n , TheDaveyTreeExpertCompany, Inc., has a limited numberofopen­ ings for ambitious young men between 20 and 30 years of age.. Single men are preferred. These positions are permanent and offer a lifetime opportunity ■tomen who make good. The busi­ ness of the Davey Company ap­ proximates one million dollars per year andislimi tedonlyby thenumber of capable men who can be trained for responsible positions. No experience in Tree Sufgery is required. We furnish the necessary training to the right kind of young men. This training is very thorough, embracing intensive! work both in the field and later in the/ class room. Tree Surgery is intensely interest­ ing. I t is professional work of high standing and dignity, and develops a fine scientific knowledge that is invaluable. ( I t offers robust health—outdoor work in the fresh air and sunshine, with properly balanced exercise. I t is the ideal profession for the young5 man who wants to get away from the grind and monotony of indoor wOrk. I t is a wonderful physical, developer, .j The pay is good a t the start and the opportunity for advancement is unusual. There is plenty of room, at the top for good men. Work with the Davey Company offers an un­ usual chance to travel and see many parts of this country, with carfare paid by the company from one place to another. 'V i m<\ f i « / U / , ~V* * Only the finest types of clean, red-blooded y o u n g Americans are employed, by the Davey organiza­ tion, and only young men of this kind need apply. A high school edu­ cation or its equivalent is desired. We ,also require fully satisfactory references, as to honesty, dependa­ bility and willingness to work. Mail coupon for details Only a limited number of good men can be accommodated each year, I f you think you qualify-?- if you are looking for interesting outdqor work with a real chance for ad­ vancement—it will be to your benefit- to act- promptly; Mail the coupon to us with your name and address and we will send you full information together with a qualification, blank. / r c o u p o n "] THE DAVEY TREE EXPERT CO., Inc. I 58 City Bank Building, } • Kent, Ohio I I ■ I am interested in your offer.. Please send me | 1 . by return mail fulL information concerning the | j work ofDavey Tree Surgeons and also a Quali- . | ficatioh Blank. . ^ I i N a m e . . . , . . . , , ' . . . . . . , . ............- .................. j I Address.... 1..... .. I........... ........... . J I - (Ple^eprint iipmq and address plaihlyto avoid delay) J Clea Suits Seem HOM K R SouthTMain St. Apples ' — ... Vanilla » ? TRY OUR JOB PRINTING % * Karo S ’f? Foulds ' JEWELL Coffee, l b . . . . . . ........... BREAD, I 1-2Jb loaf. ,. **■ * i NAVY BEANS, 2 lbs OAT MEAL, lb ............. Q iiijC s Dayton, Ohio T H E J A N U A R Y CLEARANCE sale* s w e e p on—w i t h m e r ­ chandise just as freshly desirable, with prices just as enticing as when the month began. * These January sales of­ ferings are the logical re­ sult o f the fact that we are, this month* reducing the largest and most varied stocks this store has ever carried through the month o f December. Logical, again, is the consequent result that com- munitiea’surroundmg Day? ton find all roads lead to Rike-Kumler’s, where mer­ chandise of high quality invites the cartful shopper. Cornelia o f f e r s h e r prompt and experienced Services7to those who find it inconvenient to come in personally and take ad ­ vantage of t h e s e v e r y worth-while price reduc­ tions, Write Cornelia or phone Main 4301 and ask for her. O NE lot of Water Hats, good styles and fresh, desirable stocks. Included are nne velours in sports styles. Hats formerly $10 to $20, now 33.95. - * J ersey. Dresses formerly $15, $19.75, and '$25, reduced to .29, $14.75, $18,75., All Tailored Suits reduced. Those formerly $49.50 to $79.50, are now $39.59, $49.59 and $59.59. $12.50 to $25 Sports Skirts reduced $19 to $15. ’ •'Sports Coats, self and fur trimmed, shagmores, polaires, camel, novelty plaids and stripes. Formerly $25 to $75, now $19,75 to $49.59, Handsome suit Blouses of finest materials, formerly $151to$25, nowreduced to $9,95. Sweaters a t half price. Wools and silks,' tuxedos, slipona, many colors and color combinations, Formerly $3.93 to $25, now $1,98 to $15, F Special $1 Chiffon Silk Hose. Shaped ankle, seamed back, very sheer and dear in weavewith necessary reinforcements. Black, brown, nude, and gray. 1.clasp CapeGlove, P. K. seam, contrasting stitching. Tan and beaver. Pair $1,95. All Wool Union Suits, built-up shoulder and knee length, pure linen lace edge, $2.79. Same style half Wool, $1.69. Boys’ gray cotton Union Suit, long sleeve, ahkle length. Reduced from $i and $1.25 to 89c, Misses’ fleece lined Union Suits, high neck, long sleeves, ankle length, suit 75c, Tailored radium silk sfenlns, or lace trimmed wjth filet and val., $2.95 each. Short lots of higher grade pumps and ox- fntds, formerly $8 to $16.50, now $4.69, $6.85, $9.45. » lnquiti of Ploomenfor iMation of item*MvitttitA $3 Hair Clippers reduced to '$1.59. $1.50 Steel Imported Scissors, $1. $2.29 Mah Deuck Sets now $1.95. $9 Boys’ Pure Wool Mackinaws, $7.95* $8 All Wool Indian Blankets reduced to, $ 6 . 59 . $4«75-$4,95 Hat, Scarf Sets, $2.95, $1.95-$2.25 Slipover Sweaters, $1, / $2,50Slipover Sweaters now$1,29. (Sweaters for 2 to 6-yjtar-olds). Entire Stock of Men’s Trousers, 25 per cent Off, o. Men’s Edwing Clapp Shoes,: reduced to $9.95. 1• ^F itted Cases reduced 10 to 25 per cent. Hartmann Wardrobe Trunks, 19 to 25 per cent off. Traveling Bags, black and tan leather, 14 to 25 per cent off. Men’s English Broadcloth Shirts, $1.85. inquire of Floormenfor Location of ItemsAdvtMud 0 JT» ¥ P PANCAKE Flou C, C. pkg. . . . •. L CANDY, Ameria Mixed, lb . .. TABLE SAUCE, Avondale botti CRANBERRIES" l b . . . . ........... No other papt brings to yotr WhohFamii sorichavarie ofenterminin in form ing; i\ spiring readii f o r all ages . TN A.YEAR, 52issv I. o r Group Stories, Stories, Family Page, best Editorial Page < , Start a Yea Cor OFFER N< . A* The Youth’s C —52 issues for S . A ll remaining \ 1923is$uca; al 3 . The 1924 Com Home Calcndn All for $. ,(.heckyf>urehori- an.i• ’THIS I ‘ OF’ iPAPER, ori intern* L n M M E R l BOND JfetterhcM ‘ • Snvdopi. warn GlveUsY ^ O rders i Brittttc