Cottonwood Chronicle Newspaper, November 5, 1920, Page 5

_ 1920 BIGGEST YEAR v OF ALL FOR BANKS Earnings of National Banks! Sei Record In History of Institutions. | | Washington. — The 8157 national} banks of the country reported a gross revenue of $1,109,000,000, or 24 per cent on their capital, for the fiscal | year, which enied June 30, said a statement by John Skelton Williams, controller of the currency. This, Mr. Williams said, was a new high record. | Only five banks went into the hands of receivers during the year, a record exceeded only by that of the year be: | fore, when there were no failures. Mr. Williams declared the national! banks had met tke “severe test” of | war and’ reconstruction in a way that} proved their “solid strength aud the! wisdom and fidelity” of those who direct them. | “The facts and figures” he added; | “must give the American people and} the world increased confidence in the! safety and power of the banking busi- | ness interests of this country.” Earnings of the banks came largely from interests and discounts, Mr. Wil- liams said, although $97,000,000 was obtained from exchange and collection charges and other miscellaneous | sources, Losses charged off by were distibuted as follows: $31,000,- | 000 on loans and discounts; $61,760,- 000 on bonds and other securities, the banks and = $21,000,000 on miscellaneous | losses. The banks paid interest to | depositors aggregating $287,600,000 | their reports showed. amounted to $79,400,000. COUNTRY RECOVERING FROM WAR EFFECTS Washington. — Recovery from war | and post-war conditions is “proceeding | apace in the United States,” and the “natural forces in evidence which make for stabilization carry assur- ances forthe future,” the federal re- serve board declared in if8 monthly review of business conditions. Although the readjustment process | has been marked by uncertainty and some suspension of activity, the board described the economic and business situation as a whole as one showing “much inherent strength and’ ability to attain a position of relative pans ity through an orderly transition.” arguéd that the necessary changes a Their taxes | t | Pt | | the direction of normal conditions would be accomplished without great | disturbances unless unforeseen fac- | tors entered into the process. | Reports from the San Francisco dis- trict said business conditions indicate a period of transition. Retail trade is | stable and good crops have been | grown, but in the wool and cotton | regions there is dissatisfaction with prices, while lumber is in less demand | than heretofore. Grain markets have been sluggish and declining. | 30 HURT IN WRECK 3 DIE, Rev. Francis M. Moody of Chicago, | and Two Others Killed. | Los Angeles.—Three persons were | killed and 30 injured when Pacific | Overland, eastbound, plunged from a | bridge one mile east of Manix, 178 miles from Los Angeles, on the Salt | Lake railroad, according to a cor-| rected list given out at railroad | offices. The dead: Rev. Francis M. | Moody; James F. Kenepp, train elec- trician, Los Angeles; Frank Reese, | Los Angeles. According to unofficial reports, the wreck was caused by a spread rail on | the bridge. The engine, baggage car, smoker, chair car, tourist car and diner left the rails. British Strike Emergency Bill Passed. | London.—The government emer- gency powers bill passed the parlia- | mentary stages and received the royal | assent. This bill, virtually giving the British government war-time authority, | was introduced in parliament with the | advent of the miners’ strike and when | it seemed probable that the railway | and transport workers might also be- come involved. Engineers’ Bank to Get Charter. Washington.—The controller of the | currency has approved the issuance of @ charter for the new co-operative bank of the Brotherhood of Locomotive Engineers at Cleveland. The bank has a capital of $1,000,000 and is known as the Brotherhood of Locomotive Engineers Co-operative National bank. Recall of Japanese Consul Asked. Los Angeles.—Tremendous interest was manifested here in the demands of the Los Angeles County Anti-Asiatic association transmitted to Secretary of State Colby that immediate steps be taken to recall U. Syama, Japanese consul, for allege@ active opposition te the alien land law measure. ”~_o- -_— Railroad Man’s Home Bombed. Seattle, Wash. -— Explosion of a bomb, thrown through the front win- dow of a house occupied by FP. R. Shong, general claim agent here for the Chicago, Milwaukee & St. Paul railroad, wrecked the lower floor of | the two-story residence early Mon- | day. Four persons in the house es- Mr. Shong was | caped without injury. unable to assign any reason for the | attack. Court Wont Act on Peace Resolution. Washington —-The supreme court re- | fused to grant the request of Harry 8. Mescartney, a Chicago lawyer, that it assume original jurisdiction over his suit brought in the District of Colum- bia courts to compel Secretary of State Colby to promulgate the peace resolution passed last May by con- gress. fresident Viiison vetoed the resolution and it was not passed over his veto. Billions Carried in People’s Pockets. Washington. — The people of the United States are carrying around in their pockets or hiding at home $3,- 000,000,000 of American currency, or nearly one-half of the total supply, Fred W. Elisworth vice-president of the Hibernia Bank & Trust company of New Orleans, declared in an address here before the convention of the American Bankers’ association. See your gas before you buy it. South & Frick. 14-tf Tip Top flour, still made out of old wheat, and enough on hand to supply you. 35-tf Washington.—Plans for the opening of trade between soviet Russia and the United States with the intérnational clearing house in Copenhagen as the means of insuring payment to Amer- jean exporters, are under considera- tion by the department of commerce. Proposal Refused by Welsh Miners. Londéon.—All proposals for a settle- ment of the coal strike were rejected by an overwhelming vote at a con- ference at Cardiff of South Wales miners, notably those from Lancashire and Cheshire Allies Ask Germans to Dissolve Guard. Berlin.—Dissolution of the German citizen guard, known as the Einwohner- wehr, is demanded in a note received at the foreign office from the allied powers, Simon Bros. Wholesale and Retail BUTCHERS Dealers in Hides, Pelts, and all kinds of Poultry COTTONWOOD, IDAHO 20 per cent discount on all| Why not build a machine shed tires in stock Goodyear, Federal|and stop the rust and decay. and Fisk all sizes in stock. E. J.| Rough lumber will do the trick Nau, Ferdinand, Idaho. 45-2| and it won’t cost much either. For the Best price in Lubri- Hussman Lumber Co. 45-tt cating oils see South & Frick. -tf| Tip Top, the flower of flours. One 4-horse gasoline engine One 4-inch feed roll One cord wood saw One power washer One U. 1 SPAN GRAY HORSES 1 OLD MARE One 31-inch Mant wagon with rack One 3-inch Bettendorf wagon One Van Brunt single disc drill One 14-inch gang plow One 14-inch walking plow S. cream separator Three sets breeching harness vanensscicaaieesanaieneanace PUBLIC ae ee ts te be a te ‘SALE Having decided to leave the country I will sell at public auction on my ranch 5 miles northwest of Winona or 14 miles northeast of Cottonwood on TUESDAY, NOV. 9th commencing at 10 a. m. the following described property: 17 HEAD OF HORSES , 9 YEARS OLD, WEIGHT 3000 1 GRAY MARE, 9 YEARS OLD, WEIGHT 1100 1 ROAN HORSE, 5 I SPAN GELDINGS, 5 and 8 YRS. OLD, WEIGHT 2700 1 GAY HORSE, 8 YEARS OLD, WEIGHT 1100 1 SORREL MARE, 7 YEARS OLD, WEIGHT 1100 2 ROAN FILLIES, 3 YEARS OLD, WEIGHT 1800 1 BAY FILLY, 1 SORREL MARE, 4 YEARS OLD, COLT BY SIDE I BAY HORSE, 7 YEARS OLD, WEIGHT 1100 1 BLACK HORSE, 4 YEARS OLD, WEIGHT 900 1 WHITE MARE, 9 YEARS OLD, WEIGHT 900 2 YEARLING COLTS 5 YEARS OLD, WEIGHT 2 YEARS OLD 1500 38 HEAD OF CATTLE | FIVE MILCH COWS ONE RED COW, 9 YEARS OLD ONE RED COW, 5 YEARS OLD ONE WHITE FACE COW, 5 YEARS OLD TWO SPOTTED COWS, 4 YEARS OLD ONE 3-YEAR OLD STEER TWO 2-YEAR OLD STEERS TWO 3-YEAR OLD HEIFERS FOUR 2-YEAR OLD HEIFERS 12 YEARLING CALVES 11 SPRING CALVES ONE 2-YEAR OLD BULL One 8-foot extension table Six oak dining chairs Two leather rockers Farm Machinery and Household Goods Three sets lead harness About 10 tons of wheat hay One brass bed stead and springs One iron bed and springs One Golden oak bureau One fumed oak library table One small stand One sewing machine One parlor rug, 9x12 One ingrain carpet, 8x14 One rag rug, 9x12 One Mallable range One 4-burner oil stove One heating stove One kitchen cabinet One cupboard One kitchen table About 200 quarts of canned fruit Other articles too numerous to mention A Big Free Lunch Will Be Served At Noon TERMS: All sums of $20 under, cash. All sums over that amount 12 months’ © time will be given on bankable note bearing 10 per cent interest. NO PROPERTY TO BE REMOVED UNTIL SETTLED FOR T. JI. MORRIS, OWNER Cranke & Johnson, Auctioneers First National Bank Cottonwood, Clerk