The Algona Upper Des Moines from Algona, Iowa on July 23, 1930 · Page 10
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The Algona Upper Des Moines from Algona, Iowa · Page 10

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Algona, Iowa
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Wednesday, July 23, 1930
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Page 10
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- >.; ' ;v ^:-mm The Pea Moines-RepubUcan, July ' - *^*&t *•« " *" i ff-.' "** ! r "**<.>--- ^\ -, T '''•S fj U,"-i V .,,.;• /^: r t^';C^l| German ttifhefftft Corner of NortR Woosle? and East Elm street, H. ,0ubbe, pastor. There will be, »d services Sunday as the pastor will be gone td-ftfeauti for m'ssion festival at Elniore, MlHiiesota. August 3 tHfe, lerviees will 1ft the German lafigtliieV g MotW't P>oblera How to reduce tbti labor >ltli6ut subtracting from the lnialit'8 comfort is n problem most mothers face.—• Form rind Fireside, i:i^ Trucks Bargain Prices Reasonable Terms Various makes and models, all in good condition. Take .your pick while they Jastl I •''*!&- >• I ; International Harvester Company »*'>'(pjf America) - >>w, • - ^f*ll^fa»|jAv*nlie North Fort DdcJge, Iowa ' 4i r ' IF iCHABOO CRANE HAD A FLASHLIGHT By JOHN G. LONSbALE Presldertt American Bankers Association W E ALL remember the story of Ichabod Crane and the headless horse* man. There was the dark form by the Side of the road— thundering hoofs on the Sleepy Hollow highway — And Ichabod fleeing In confused terror before this terrible monster. tf Ichabod had only known that Ills hobgoblin was an Inventive rival disguised with a a pumpkin head, he would have bad a good laugh and gone on with the business of vanquishing his competitor. What Ichabod really needed was a modern flashlight Then he would hare discovered the trickery at once. Many business men need the flashlight of analysis to uncover the hobgoblins In their business and then they might sit back and langh at their rivals who hesitate to Investigate and learn the truth. At this time, when business and banking are making strenuous efforts to have a clear vision ahead, It la 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 confident wo shall see a further lessening of. periods of stress. However, t believe business In general has learned the : valuable lesson that any prosperity that Is not leavened! with a little adversity would not seem basically safe or sound. John G. Lotitdale Advert Week End in Chicago at the SOUTHERN / G et up a congenial party, two or more couples come to Chicago for a lark, take in the theatres or movie palaces, see the Art Institute, Field Museum, various sports or dance In night clubs. New attractions every week. Our new service will make arrangements in advance for your party. Write for free phon* wpy of "This Week in Chicago" which is a complete entertainment guide. We will enjoy taking a personal m * terost in making your vliif thoroughly enjoyable. New garage onit'half black. JACKSON, DEARBORN, QUINCY, STS. . Ht Sadler, SAVINGS PASSBOOKS SOUGHTBY CROOKS Use Them to Steal Money by Forged Slips — Should Be Guarded as Carefully as Cash. Continual vigilance In safeguarding savings pass books, as well as blank and cancelled checks, against theft by crooks, who use this material In forgery operations, is urged on bank customers by James to. Baum, Deputy Manager of the American Bankers Association, in charge of Its Protective Department. Tills department Is continually vigilant In promoting means, both among bankers and the general public, to thwart the operation of bank crooks. It aqnually investigates hundreds of crimes against banks and Is responsible for the majority of arrests among this class of criminals. "In a large majority of cases of forgeries on checks or savings withdrawal orders Investigated by the American Bankers Association, stolen blank checks or savings pass books were the forgers' chief stock In trade," Mr. 3aum says. "In many Instances the temptation presented through the careless handling by depositors of cancelled or blank checks or pass books eo that they fell Into the hands of others was the Immediate stimulus for hitherto honest people to commit their first criminal offense." Banks should educate their depositors to exert the same degree of care In handling these instruments and to avoid leaving them about unguarded as they exercise in respect to actual money because they represent money, be declares. For dealing with the bank robbery situation, Mr. Baum recommends the use of electrical alarms actuated by any tampering with the wires or mechanism and also wider adoption of the plan of state police forces now employed in a few states, declaring that last year in seven eastern states where state police forces were maintained there were only 20 bank holdups as against 164 similar attacks perpetrated against banks in five states in the central and far west, where banks are denied the advantages of the speedy and co'ordinated action given by statewide police forces. "The records of the American Bankers Association Protective Department reveal that for many years the odds in favor of state police protection have been at l^ast 8 to 1 when measured by the exp-.-tence of oanks in states whera "efficient police protection is missing In the rural districts," he says. FAMOUS "MYSTERY" SHIP Des Moines, Special: Above 18 the low-wing Travelalr "Mystery" plane reputed to h^te a epeed-of 300 miles an hour which will be one of the scores of ships of different kinds exhibited and flown at the National Air Show at the com» ing Iowa State Fair, August 20 to 29. This is the ship from which Colonel Lindbergh's newest plane was modeled, and Is so powerful that It can climb almost vertically in spirals. It defeated both the army and navy's fastest ships in thie recent races at Cleveland. The National Air Show at the coming Iowa State Fair, officials say, will be one Of .the largest to be held in the United States this year. THE THINKER LEADS MODERN PROGRESS By JOHN Q.JLON8DALE >$ y President''American Banker*^ " - Association J 1 „"£."*/ nren greatest need of the world to* day Is' interpreters o'f our time* —modern' ,Danfelf In agriculture, Inance," poHtloef ndustry — who :an 'see through he fog and haze hat enshroud our difficult problems and advise, instruct, and Influ- jnce those who are either Indif- erent or limited n their percep- ions. Through the hlnker and the John G. Lonsdale uterpreter, u n- known situations are disclosed or moling conditions explained in logl- v al light. The American people are so constituted that they can meet and combat any situation once It Is known and understood. It Is the unknown hat comes like the thief in the night and brings disaster. Some one has defined prosperity as something the business men create for the politicians to take credit for. 3ut America's present-day prosperity [ can be defined as a product resulting from the business man's ability to study and to interpret. Huge corporations maintain research staffs and special bureaus to Interpret the times for them. Disaster looms in the ofiiiif! for any Industry that goes blithely on its way day after day without due re ganl to significant trends In trade and buslnpsy. Keeping Up With Change Leaders ot finance have discovered that they cannot remain passive In an ago when all the rest ot tbe world Is in a transitional stage. The modern banker not only must know about the changing styles in other lines of business, but above all must be alert to the transformations which are taking place In bis own. He must be a man of keener, broader vision, because the order of the day Is for larger units of service. Mergers and consolidations have taken place In great numbers. We now talk of billions where a few years ago we talked of millions. We have only begun our changes. Whnt disposition is to be made of tbe many problems that they bring will depend In large measure upon our leaders, upon the students and the interpreters who can read accurately tho signs ot tbe times, so that wo may base future actions and hopes upon their wisdom. Tbe quickest way to go to the top is to go to the bottom of things, and let us hope tbat onions them will be found many who will not only aspire to leadership but will b' nuccessful In caching their e n »'- BANKERS REPORT DROP IN SAVINGS Lure of Stock Market Partly to Blame, but Slackened Speculation Expected to Bring Return to Thrift. •. The tlrst recession In the nation' savings account In banks in the twenty years during which records In this field have been kei?t by the American Bankers Association was disclosed for last year in the recent annual compilation prepared by Its Savings Bank Division. The shrinkage amounted to over 5195,000,000. on the basis of figures for the year ending June 29. 1929, whereas a ear earlier the reported Increase was over $2,300,000,000, the largest ever recorded. The number of savings depositors also decreased during the year covered by more than 500.000 accounts. The lure of the stock market and affiliated activities are cited as part of the explanation for these changes. , The association's .statement says that savings deposits' in banks and trust companies of continental United States on June 29, 1929, stood at $28,217,656,000. The recssslon In savings, it declares, (ndjcajes a fundamental change- Ip ih<» ^avjngs situation,. lrr§ : RESERVE SYSTEM'S DIVIDENDSJNALYZED Bankers Find Increased Payments to Member Banks Would; Be Small Inducement. spect!ve,,o| not It,, Is temporary^)? l How,Bavins^LH 8 " 1 *o Qr °w ' •'• 'llnviaaff/savlngs deposits" increased- jl,668.,000$OM I»;'t027 .fOmbst,.*i;4Qg e . ; 000,000 Minfrnw* ogp- "£00," It says, , "It appears. Various proposals tbat member banks in the Fedeval Reserve System should participate .more largely In Its- net earnings through an Increase in the dividend rate above the present fixed 6 per cent "would bo a very small financial inducement" to .them, tt is declared in a recent study of this subject by tho Economic Policy Commission of the American Bankers Association. This Is shown, the commission says, by a theoretical forecast, on the basis of the past six years, of additional earnings that -would be disbursed to member banks during the next six years under two plans tntro- duced In bills before the United States Senate. "The Fletcher bill provides that Federal Reserve Bank earnings', after present 6 per cent dividends to members and completion of a 100 per cent surplus, should all be distributed as extra dividends to the stockholder banks," the report says.-' "K t&e earnings of each Federal ReServ ; fl,,,bank were distributed among'its owp.,jnem- bers there would be no .extra dividends in the Boston, New-York, PhUa : idelphia, Cleveland, , ,^ .Francisco district; during: 'x.yearj^ut^fl^qlh-^ -•- , , . influegces'ln one year have taken die gain that might, reasonably have peen expected In savings'-deposlts for }929 and lowered them from the.jjlgh mark of the preceding year. This recession Is not one coming as a result famine, unemployment or outside . of the United ., «tu. of drouth, conditions States. ."A year ago U was stated: 'The year closing June SO, 1028, registered the largest gain in saving? deposits in banks and trust companies of continental United States ever recorded in the bistqry of this country,'- What a difference one year, makes! From a gain of more than 2 J A billions of dollars in savings deposits to a loss of almost 200 millions! "Tbe loss In savings deposits is reflected also In the loss ot savings depositors. The year 1929 showed a total of 62,604,127 depositor!), against 63,188,348 for 1828, a loss of 624,221. "Industrial production was ra'ucn higher last" year than the preceding year. Factory payrolls were considerably greater, In production, employment and trade, advances were made over the preceding year, in tbe farm areas the improvement noted tor 1928 did not reced^ln.1929 and the livestock Industry In Till its branchea was prosperous, " The Causes of the Drop "The causes of the recession we possibly multiple. There Is scarcely any reason to doubt that one of the important (actors draining away savings and decreasing depositors has been the lure of profits to be made in Blocks. For a number ot yeavs tbe people have been regaled with stories of profits made in stocks in all types of companies. During tbe last tew years there bss been a specious philosophy preached tbat panics such »a formerly'occurred were no longer possible. "If It was (.he lure of profits in stocks which caused tbe recession iu savings, then a factor iu future savings will be the success attendant upon this venture of savings depositors in stacks, If tbe experiment dW not prove generally successful, then another year will doubtless witness an increase In savings deposits as well aa in savings depositora." u. w .._,. 7 6.0?'p'ej sent; Atlanta, '4,09. 8t.ALoty»,'3.BO per cent; SOnneapolis 9.B?~ par cent; Kansas Cltj, G^pe cent?*Julias, "4.83 per cenfi,.-,"'-"" ; >• 'fU the earnings were -pooled and paid'out to all members in"al} r district* sach member would receive-an average annual extra dividend of .78 per cent. Under this plan no franchise tax as now -would be paid by the Federal Reserve Banks to the Federal Government. Another Plan Analyzed "The Glass bill would provide that, after present 6 per cent dividends, one-half the remainder should be paid lo member banks as, an extra divi- Jend with the residue going tp surplus and Federal Government fts fron- chlsg. taxj. The_ayerage anmjaj[ Anker Holth No. 8 Separates 850 Ibs $125.00 No. 10 Separates 1100 Ibs $135.00 The Famous Self , A trade-in allowance of $25,00 on your old separator from now until August 1. ^ Come, see for yourself this wonderful cream separator. Also sold on terms. Farmers General Store Hobarton, Iowa. * • *'? R. O. Bjustrom, Prop. Phone 1 Fl 1. to-members would be~as follows r Boston District, 2,61 per cent; New York, 48" per, >cent; 'Philadelphia, 2.05 per cent; Cleveland, 2.0& per cent; 1 Rlcli- mond, 3;26 per cent; Atlanta, 4.67- per sent; "Chicago, 3.20 per cent; St. Louis, 2.02 per cent; Minneapolis, 4.75 per lent; Kansas City, 2.74 per cent] Dallas, 3.31, par cent; San Francisco, 1.87 per cent. "If these extra funds were pooled the result would be an extra average ' annual dividend of 1.73 per cent'for each member. tTnder this plan the system would atlll.pay an now an annual fran- uhlse tax, amounting to 11,941,990 on the average." By way of concrete Instance, the report says, a member bank having capital and surplus of $200,000, there- Tore holding Federal" Reserve Bank stock amounting to $6,000 on -which It Is receiving $360 under" the present 6 per cent dividend arrangement, would with the addition of each 1 per cent to the dividend rate receive an additional income o£4?0»a-y f ear '- ,„, . figure "H each'imemWar^Mifc-vsrlll figure out for Itself tbe'dollar-and-cents gain tt 'would '.enjoy ^;-are ( f conndent^it jrill be agreed tbat^etgalns are small as against the econom^c^isadvantageiJ ."••.« __ 1_ 1_— £-t»Y*kA*t«l m«4* I' ft 3 nf\vi_'i **&>•' *•"• »*fj**> "'&?'• Unable to Stand Fr'pil • Cotton can stand a -very slight frost if- only of a short duration/ A certain subspecies' of orange trees -likewise can stand a slight frost, but the banana and watermelon would be In stantly killed by -frost. Don't forget that with every purchase of $2.00 or more— you will receive a movie star script that entitles you to a beautiful portrait of your favorite screen Hardware. star.— O. W. Erickson 6 Flashlight cells 3c each, limit 4. Regular $1,00 12-piece wrench set in metal box 59c. Last day RedWSWg Specials Limit 1.— Gamble Saturday, July 26th. Stores. Miles of Conveyors in Ford Plant ' 'Provident Anl The eggs of ascertain dphSs, 'ij are of no' direct use to the ants,, are brought Into tbe nest and protected carefully from .the Severity of winter until the warm weather comes, when the young aplitdes are brought out and put on their food plants, walled tn by little "cattle pens" of earth. By^keep- Ing these eggs safe for six months the ants Insure a supply of the food delicacy during the following summer, CLASSIFIED ADS. The rate per word for advertisements In this column is 2c paid in advance, 3c if charged/ Cash must accompany' all mail' orders. Initials count as one word. Minimum charge, 26c. WANTED—Laundry work, and Ironing. Call 323-W. - 6-7 FOB SAIiE—Phonograph with 30're- cords, $25, cost $150.00.^ Great -snap, at Hub .pffllard Parlor. , - 6* Don't forget that with every of,$2m-or "-' - 1 pur-; Reward to person returning bunch of keys lost In AJgona last week. Leave at Hub Billiard Parlor. 5* During July you get a pair of hose free with each pair of slippers you buy at' Neville's Shoe Store:- We gave away 300 pairs last week. 6 What must you do to succeed? Prepare yourself in a school like Mankato Commercial College, Mankato, Minnesota. Send for catalogue. 6 FARM FOR RENT—88% acres, 11 miles from Blue Earth, Minnesota. Good farm, fair buildings, 1% miles from town, % mile'to gravel road. .$7.00 per acre, three payments,, third With contract. 40 acres fenced with woven wire. —-E. L. Vincent, Algona, Iowa. 6-6 FOR SALE—Full blood heavy boned Hampshire boar at farmer prices.— John Byson, B " 6 * "Algona's Wife Saving Station."-Kirch's Laundry. Phone 267. 60-tr Urge*t FUed Star Nnvul observatory says thai Alpha Scurpll jAntares) Is tbe largest fixed star of wblcb we buve reason ably accurate measurements. Its diameter la about 400.000,000 miles. Iu volume It III IPO.WOgo times as large tt» tbe sun and 125.o6o.OOO,(tlXI.OOO time* a» large or the earth, Its distance la probably 85 light years. This distance la £0,000,000 times as great aa tbat ol tbe sun from tbe earth. Debt and doubt were once spelled dot and dout, Just as thoy were tuken from the French, but the scholars of the Renaissance, anxious to show the ultimate derivation from tbe Lntln stems "o'ejb," and "dub.' 1 Inserted an entirely • unnecessary "b," Into the words. Tbe word sport Is OP abbreviation oj "disport," a French word meaning ''Jtfi carry oneself In u different direction frpra that of one's ordinary FA»M LOANS AT S\/ t % INJBEEST City residences and farms for sale. List ypur property with us. ^ ^ MVRTAGH BROTHERS, Licensed Real Estate Brokers. Red Tag specials—Guaranteed screw driver, 3c limit'2. -Canvas gloves 5o a pair, limit 2 pair'while they last. One day only Saturday, July 12th,—Qara- ble^Stores. * Avluton plain) to have conquered tbe air, hut, this; have not yet con quered |h« earth They flnd the.Mr.tl- hard and unmerciful -when they /or on It.— Alteon ni°hp. During MY ym g«* » v*\* of tfte'wM* ea.ch pair of slippers you buy at NevWi ghc* Store. We gave away 900 . In the early daya pf We wftn«(actur- tag career, Mr. FQTJ 48TJIB4 tfte w This picture shows two type* e» conveyprs In use In the Roufl* Plant of Ford Motpr Company. ^ N ENDLESS cliRln conveyor, three and a half to tpur miles - — long, said io bo. tfee Jpngest In tbe world, has Just been, gpmpleted at the Rouge Plapt of, tug Ford Motor Company at, Dearbornj Mjch'Jgan. On It parts pf Ford car| lo/UH prooen of manufacture are |rarie.pqrte4 from one building t,o another and So. m P lete <| parts ore carried d|reo$ tp railroad cars for shipment to brauph assembly plants. ., • The conveyor, wbigfc aeries >J» Cftrgq on suspended Ijookj, §a« a dally capacity (or 800,00(1 o|rtt peighlng over a.ooo.QOQ pott,nd|,|ft,|upplantg freight cars and trtfcUv Wblcb We been used (or tbe transfer o( many parts from one point to another in tbe Fprd plant, • This loogest convej'or pj toew all Is 9, devglopment of th^ f||d pplfcy (hat nothing should be 4oJ§ by maoual labor that could bettsr t>« (JpW by sembly ) . cars lo t^e process ; of assewblj we»t to tbe workmen instead ot tbe work men carrying parts to tbe car. The assembly MBS, perfected IB many ways, is now used by eutomqbjje manufacturers generally, Tbe vajue of fhe eenveyor Is re4Hfr Ing physical labor, in saviB,? ^me. in preserving system anS in^iwag Posts soon became apparent and Hi use wa« extended 40 other purppse,B aboftt tbe plant. New there aje literally miles Q.f opnveyors of varlouj types In $e p«rd plant. Some a* ibem carry wrtl (r?w ofte building ^ft.jpoj*ej-^n^ we pare- fully syncErojjlWwJthftt JtN parts arrlve^ftt >f«J||j? tttt '^P and in the e«!& IBflltf foere HOBARTQN STORE SATISFACTION is the one \-*» om HOST OP ,._, .about . FjBESH AXTJ^VSiD MEATS QUALITY GROCERIES Fresh Fruits .ftuA? Vegetabl »»¥ aftwpi ^qp Men 1 ? J»t% caps, .worfe shirts, Overhead eut»;,to' why we

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