The Cedarville Herald, Volume 56, Numbers 27-51

CEDARVIU.E 'IIERAIJ). FRIDAY, JUKE 1G, 1033 m* M o l|N> FORFAILUREPROF BANKINGSTRUCTURE; 1 ........... t Speaker Outline* Threefold Co* . operation Between Banker*! I Government Official* and the Public to Maintain i Bank Standard* r f’ O elements beside th* bankem themselves are required In order to give tho nation universally tlio typo of ; banking it should have; Francis H. Sis- ton, president of the American Bank* t ers Association, declared in a recent , address. He said that tho efficiency of | government officials upon whom the people rely to supervise the banks j properly, and the patronage of the people themselves are factors, In the kind of hanks a community shall have.’ “ There can be no question that the people of the United States should hare banks Immune from failure and wholly free from had or questionable banking,’’ Mr, Sisson said, “ It Is not enough, as President Roosevelt has said, that while some bankers had been Incompe­ tent or dishonest, this was not true in t,he vast majority of our banks. A sit­ uation should exist in which there is not even a small minority of bankers open to question. There should be no room for dishonesty or incompetency to exercise any influence in banking anywhere: “While bad faith and bad manage­ ment enter the human factor in all types of business, their effects in bank­ ing should be surrounded by such spe­ cial safeguards as to render them no longer a factor in bank failures. The responsibility for bringing this about, however, cannot rest upon the bankers alone, for the means to accomplish it are not wholly in their hands. There are other essential elements. “ One is the efficiency of government supervision. Since we rely sc '■,'eatly upon supervision, It may, unless It is of the highest order in safeguarding the public interest, create a sense of false security. Supervision should render bad banking impossible, but It has failed to do so. There was super­ vision by presumably the highest type of bank supervisors in every one of the instances of questionable banking that has shocked the attention of the coun­ try during the past three^years. There­ fore a thorough strengthening of super­ vision Is clearly called for if the people are to rely on It to the fullest extent for the protection of their interests. The Public’s Part i■. .“Another essential factor in main­ taining good banks involves the part : played by the public in banking. There is certainly a responsibility on the peo­ ple themselves to support that type of banker whose rigid adherence to sound principles makes a sound bank, rather ' than to give their patronage to the easy going banker who may be easier to do business with, but whose methods cre­ ate a weak bank. ‘ “Bank customers are charged with a great responsibility In.protecting the safety of their banks in respect to their utilization of the assets of the banks as borrowers. Banks bare failed because many ,of their loans and securities, cre­ ated in good faith by bankers In coop­ erating with the business interests of the country, proved unsound under sub­ sequent conditions. An unsound loan is created by the borrower as well as the banker. A bank is only as sound as its community, and this applies also to the banking structure as a whole in rela­ tion to the economic condition of the nation as a whole. “A bank Is truly.a semi-public insti­ tution, but in a reciprocal sense—it haB Its obligations to the public, but so has the public equal obligations to the bank. No one who has not sound bank­ ing principles at heart has any business In a bank whether as a banker or as a customer, “The banker Is a semi-public servant. He Is charged with the heaviest of re­ sponsibilities and obligations that occur in our economic life, But he can meet these fully only through the coopera­ tion of good laws, good public officials who are empowered to exercise au­ thority over his bank, and good busi­ ness methods on the part of business men generally Who utilize his bank. Only through Such cooperation by all elements in out nation’s community life can we be assured of a failure-proof banking structure.. "The Administration at Washington has taken hold of this problem with a Arm grasp of essentials and Is exercis­ ing splendid leadership toward the de­ sired end. The strongest feature of the government program will be found In recognizing the Joint responsibility of the public, of business and of govern­ ment officials together with the bankers themselves In creating the kind of banking the nation should have.” Improved Pasture Pays UPROVED pastures are a cheap source of feed for stock. A farmer New Hampshire, cooperating with s county agent top-dressed his 5 res of pasture with GOO pounds of mplete fertilizer at a co9t of $75, re­ nts the United States Department Agriculture. After 4 weeks he turned i cows out on this pasture. Tests ide during the six weeks the cows azed there showed that his herd pro- iced 7,000 pounds more milk than oy did in the same period tho pre- ous year, although the farmer had e cow feurer and fed 800 pounds loss aln. Based on current milk prices . made $189 on tho extra milk and ved $10 on tho grain, netting him lncrea3o in Income of $120.—JJ, 8. ipartment of Agriculture. Wilt Harms Dent, Also Sweet Corn Resistant Varieties Needed to Combat Disease That Is Now Spreading, Prepared by tho United States nepartmout ot Agriculture.—WNU Service. Bacterial wilt of corn, or Stewart’s disease, formerly believed harmful only to sweet corn, affects Held dent corn, too, in much o f the corn belt and may reduce the yield ns much as 25 per cent. Corn breeding seems to offer the best defense against bacterial wilt. The chief method of preventing losses Is to plant resistant varieties. The breed­ ing of resistant varieties is already under way and tho department has several strains which show resistance. The bacterial wilt attacked sweet corn more severely last year than it had In recent years, but for the last two years the disease lias been In­ creasing in fields of dent corn. The disease is most prevalent on dent corn in Illinois, Ohio, and- Indiana, but it occurs throughout the corn licit. Corn disease specialists have known that the disease could occur in field corn, but they belie\ ed It comparative­ ly harmless to dent corn. Now a sur­ vey of 06 Illinois fields by several of the department workers shows that the wilt definitely Injures dent corn in several respects. The chief dam­ age comes from the wilt spotting the leaves and thus cutting down the area of healthy leaf surface. This results In: Weakening the plant so that it is more easily attacked by stalk rots; weakening the plant, making it less re­ sistant to cold; weakening the stalks, which break more enslly and frequent­ ly ; lowering the yield; lowering the quality. Despite intensive study, bacterial wilt remains a stubborn corn disease problem regarding many phases of which the scientists have only limited knowledge. I ttESIDENCEC PROPERTY SOLD : Miss Etta Owens has purchased, tho ; J. E. Turnbull property on Xenia Ave. . from Cednrville College. Miss Owens , expects to move to town from the farm about the first of the year. ■ Suit for $1,77 .34 and marshaling , leins and sell real estate, has been fil­ ed in Common Pleas Court for the I Exchange Bank in liquidation against Howard and Ida Holloway, Merchants , and Mechanics Savings Assoc, and i First State Bank, S. Charleston also j in liquidation. Attorneys C. L. Dar- i lington and Marcus Shoup represent •the Bank Department. i . -------------------- Mrs. Grant Hopping underwent an operation at the McClellan Hospital, Monday. Feed Crops Set Record; Plenty for Farm Stock Farm animals will not go hungry this year since the combined world crop of corn, oats, and-barley reached record figures.in 1932, exceeding the 1931 proch^ftion by nearly 13 per cent, according to a review of the situation by the , bureau of agricultural eoo nomics, United States Department of Agriculture. The bureau reports, that the move ment of the 1932 feed grain crops from exporting .countries this season lias been considerably less than the movement of tho 1931 crops, with com shipments reflecting a relatively sharp er reduction than the movement of barley or oats. Smaller Argentine sup plies, increased consumption of corn as food in Rumania due to a very small wheat crop, -and tho very low level of prices in exporting regions are important factors; reducing corn exports. Several 'Importing countries have,also advanced Import duties on corn. . “Available information on feed grain crops for harvest in 1933 indicates only a slight reduction in the Argentine corn acreage planted but a very heavy, abandonment and damage to the crop on account of locusts and drought; tin new crop in the Union of South Afric. was not planted under particularly fa vorable conditions; Russin reports little change in the 1933 planned areas for barley and oats; winter barley plantings in the Danube basin have been reduced'somewhat." < Farmers Miss Chance With American farmers scouting around in an effort to locate a cash crop to which- they can turn without fear of harmful competitive surpluses, a' golden opportunity has' been #going by the boards. The Department of Agriculture reports that nearly 7,000,- 000 pounds of red clover seed are 1m ported-annually into the United States because growers in this country have failed to meet the demand for tlis seed. The department experts believe that the iiitenuountaln region would,find such a crop highly desirable, not only because it would fill a need of farmers in other parts of the country, but it also would he valuable in restoring and improving the soil on which it is grown.—Washington Star, Co-Operatives Show Power Agricultural co-operative societies In Germany are becoming powerful and recently have shown their strength In shaping the government policy toward German agriculture. In spite o f un favorable economic conditions in the country tho number of co-operatives has Increased to more than 40,000, and the membership has mounted to 4,000,* 000. The organizations are solfdly be hind certain government aids to agri­ culture, such as contingents on farm products, lowering of interest rates on farm mortgages, and protection of ten­ ants against eviction, the latter two already shaving become laws. Sweet Clover The value of sweet clover is being realized more and more, says the Montreal Herald. It is the chief source of honey in many localities. In some places it is even replacing red clover and nlslhe clover on eastern farms. When plant breeders turn their atten­ tion to developing strains of tills plant with finer Stems, to make better hay, it will be even more valuable. Sweet clover, as yet, bus been but little Im- S irovcd and lias' retained some!hi ng of ts wild character. ill!!!! JMMMBMBBWBMMi JElWEit 1.1 GAN BE CURED HEMORRHOIDS (OR PILE?) W I T H O U T USE O F K N I F E W I T H O U T LO SS O F T IM E successful treatment fo r internal and protruding piles. Requires om four to seven treatment* at interval* o f about once a week for a ire e f the average ease. Also the Ideal Non-Confining Method of Treatment fo r Fistula#, Pruriti* Ani (itching! and Fissure, etc, DR* J. A. YODER 1 Osteopathic Physician and Proctologist j 18 , id, 20 Steele Bldg., Xenia Phone 884 | uiiiniOimniiiiiwiini».*»iiiiinnmtfilirntuir‘“ '" “ "*""~ "‘*"*.......... ..... ................................... Mrs. C, G.-Turnbull, who has been ill at the home of her daughter, Mrs, W, R. Ustick, Springfield, following an accident when she fell and broke her hip, has been removed to the home of her. soh, Mr, Hugh Turnbull, Jr., south of town. Accidents will happen. Remember if you injure some one and it is your fault, the law will hold you responsi­ ble. Get insured with us and we pay all costs to the extent of your Insur­ ance. Motorists Mutual Insurance Co. G. H, Hartman, Local Represent­ ative. . INSTALLMENT PLAN TO P A Y BACK TAXES Property owners who are delinquent int’ax or assessment payments that fell due prior .to the August settle­ ment in 1932 now, under the pro­ visions of a-bill recently passed by the Ohio Legislature, may pay. these bill in full without penalty, accord­ ing to Dr., J. I. Falconer, chief of the department of rual economics at the Ohio State University, is to provide an avenue of relief for delinquent m payers and provide an inducement for prompt payment of delinquent taxes. Privilege of payment under these terms is /extended to the time of the February settlement in 1934, but it can be exercised only if taxes, penal­ ties and assessments due since 1932 have .been paid. Provision also is made for the pay­ ment by installments of taxes and assessments which fell due prior to ' the 1932 August settlement. A prop­ erty owner may agree to pay the full . principal amount o f taxes and assess- ; ments sq delinquent, less penalties, i interest, and other charges, in six annual installments, with interest at 4 per cent. o The first five installments each must be at least 10 per cent o f the original principal plus interest, and the sixth payment must extinguish the debt. HEN ’S SKELETON NO EGG L A Y IN G GU IDE Structure of the skeleton o f the hen has nothing to do with -her egg laying ability and therefore should be dis­ regarded when culling poor layers from the flock, according to recent experiments reported by R, E. Cray, extension specialist in the department of poultry husbandry at the Ohio State University. The experiments were conducted by scientists on the staff of the United States Department o f Agriculture, Measurements were made of the length, breadth and depth of the head, the skull, and the back; of length of the keel and of brain capacity, of several thousand hens. No relation was'found to exist be­ tween skeletan measurements and egg laying ability. Other characteristics proved im­ portant guides. The age that a pullet begins to lay had an important effect on production. Six months was the best age for leghorns and seven months for the heavy breeds. Early maturing birds laid most eggs, but those that laid too early produced many small eggs. In the yellow fleshed breeds pig­ mentation of the shanks and beak was found significant. By June the yellow color of the beak and shanks became faded if the hen was laying well. Birds that molted late, and .quickly recovered from their first molt, laid eggs. Birds that molted before Sep­ tember made poor records. So-called beefiness of the head was shown to be undesirable. The other important guide was the general health of the hen. eIn The Heart of the City** Right in the center of theatres and -shops. Bus and car service to all outlying points and suburbs. * Excellent C u isin e— N e w L o w .P ric e * 250 Outside Rooms W ith B ath Circulating Ice W a t e r — T iled Shower* A clean, comfortable home for thrifty travelers. -Modern and metropolitan, but not ostentatious. The ideal hotel for transient and resident guests. V I N E B E T W E E N 4th and 5th S T R E E T S RATES $ 2.00 TO $2.50 ; h a t mou ld I have done evitAotd lA e T ELEPHONE? .A COLUMBUS woman/ alono In ih t house/ collapsed In a chair, partially paralysed by a sudden stroke. The telephone was her only hope of secur­ ing aid. She worked her chair slowly to the phone and called a neighbor, A doctor was summoned immediately. Mrs. Edith Rankin, her daughter, said afterwards "My mother would have been entirely helpless, without the phorie. Her first words to me were,’What would I have done without the telephone?1" Emergency situations which requlf# speedy action arise In every homo# When the need is urgent your tele* phone Is the quickest way to bring help. Even the smallest budget can afford a few cents a day for the price* ■ less protection of telephone service. I I I ! H I I I r i l l i ' H o M ( 0 411*% N i l b • ROOF and BARN PA IN T ! THESE PAINTS ARE ABSOLUTELY PURE MATERIALS A N D THE BEST YO U CAN BUY . IN LINE W ITH OTHER MATERIALS P A IN T PRICES W ILL SURELY ADVANCE , SO IF YOU NEED PA IN T YOU W IL L NOT GO W R O NG BY BUY ING NOW . Roof Black Roof Red Red Barn Gray Barn 5 Gal. Cans— Per Gal. 5 Gal. Cans— Per Gal. (Pure LINSEED O IL ) 5 Gal. Cans— Per Gal. 5 Gal, Cana-—Per Gal (Pure LINSEED O il) 95c 95c J GRAHAM ’ S 17- 19 So. Whiteman St. -------ESTABLISHED — WHOLESALE and RETAIL VALUES Xenia, Ohio G U M -D IP P E D C O R D S Th* firestone patented Gum-Dip* ■ ping process transforms the cotton cord* into a strong, tough, sinewy unit. Liquid rubber penetratesevery cord and coal* every fiber, guarding against In* ternal friction ana heat, greatly increai* ing the strength of the cord body, and giving longer tire life .. T W O E X TR A G U M -D IP P E D C O R D P LIES U N D E R T H E TR E A D Thl* it a patented construction, and the two extra Gum -Dipped cord plies are so placed that you get 5 6 % stronger bond between tread and cord body,1 and tests show 2 6 % greater protection against punctures ana blowouts. It sets a new standard for tire performance on high speed cars. Tough, live rubber specially compound­ ed tor long, slow wear. Scientifically designed non-skid gives greater trac* lion and safe, quiet performance. COURIER TYPE ' E A C H w h e n ■ • ■ BOUGHT IN PAIRS 30x3H Cl. Y i r f c s f o n e SENTINEL TitPE , WHEN" BOUGHT ■(N PAIRS ■'vTfc COMPARE CONSTRUCTION, QUALITY and PRICE ecu Chanel** Chattel**- K f e r Chattolet S5&&*: Chandler DeSoto— Dodge--- Durant-_ Gr. Paige Featlao— Rooeerelt Willye-K. Eeeex___ Naah— Paean. Naah_____ Otda'hits Quick M. Chevrolet Olde’Mle TVe sue 4.40-21 4.50*20 4.50-21 4.75-19 4.75*20 5.00*19 flmtone OldfltM tn* CastPike E*t 84.79 5.35 5.43 *•33 *.43 * . * 5 Bruton* OtdlMd Type Cut Pika P.rP.k • 9 . 3 0 1 0 .3 * 1 0 .5 4 12.32 12.40 1 2 .9 0 Mika dC*f Sta’b’k’r Auburn_ Jordan _ llco.._. j Siu’b’k’r Gardner- Marmon- Oakland- Peerleaa _ Chryaler- Stu’b’kV Viking.— Stu’b V r Franklin Hudaon— Hnp’blle- La Salle. Packard-' Plnauai A Tin Ska', UndaUcor* HwjDjjll, 5.50-18 5.50-19 6.00-18 6.00*19 6 . 00-20 AfUl-91 rkulMi OldMil Type CanPika Each •0.35 •.40 lO.ftS 10.S5 FkntOM OldIMd Type Cut Pika PayPair • l * . 2 0 1*.4* 2 0 .* * 21.04 T r a c k a n il B o b T ire * TinSka ttvayy Duty flfCStOft* Oldfitld Typ«" Cath Prk* Etch flietlon* Oldli.ld Typ» Cast Pika Pei Pt!i 30x5..__ • 1 5 .3 5 • 2 9 . 7 4 32*6___! 2 * . 5 0 5 1 .0 0 34x7™.. 3 6 .4 0 7 0 .6 0 36x8___ 5 1 .6 5 1 0 0 .2 0 6.00-20 M * * 5 2 2 .6 0 6.50-20 1 5 .5 0 3 0 .0 0 7.50-20 2 6 .4 5 5 1 .6 Q 9.00-20 4 6 .5 0 9 0 .4 0 9.75-20 6 1 * * 5 1 2 0 .0 0 T * r e $ t o t t e COURIER TYPE Slit - especial * BindMat) CltMMc* o/dDtTlw ” th Prfr.5 faff Our Cut Pil.-a Pul Pan 4.40-21___ •3*10 $3.10 «5.90 4.30-21.... 3>S$ 3.55 6 .9 3 4.13-10-.., 3*9» 3.93 7.6S aoxsx a . 2*69 2.89 5*75 •FIRESTONE tin not innintfac- turn tir<-3 ini.lft 1 special brand names for snail order housesmid oilier* t» distribute. Special Brand Tires are made without the tiiauufir turcr’ t yu.tnc. They arc Bait! ivHlimit Ills r.m»rarlr-e P s t T u K i H l i t r f.-« ri j'v‘ "e. I'.jrrv F.tf'.Jouv ’ri .* Irntti «ho 15..‘ .1; • |> • ■’ • >■■ ‘ ‘ y |- ■ ■■< RALPH WOLFORD SENTINEL TYPE sat Oar Cut Pita tut *Sfr..n BrandM,il Car OrSarTin Cut Pika P 1 I 10 ftnti PetPali “$3.59 eoTga 3.93 7 .6 * 4.63 9.06 9.44 3.98 ll.f e 4 4.40*21... 4.30*21.... 4.75-19.... 1.00-19.... '•■35-21•. #3.59 3>9$ 4.63 4 .«5 5 .9* . ij*A’J jbu A Tflionatch i.oia i n 7 F N i mo Int arc Oh offi • lun Ilo Otl . shr Eh Spi oth gut sta; k-et oflk T •Wa Hoi Seh win Goi wot test in brii cidi ce.v casl T will Ktat nex exa iiieci eule pon o f i Tue the helt ten ■ pos plat stai bur me- yea sup tor def ant th« the1 Hi i sen vtioi by file.- tar but for eon hav moT assi dire 40 Ohi T of don. Ohi ulat ract stiti are T- vehi citic Geo dist COS.' 239. mor Tim to t to t cent law. §50( M &• of fort Boa Ass< day II ai pro J. 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