The Seattle Star Newspaper, November 10, 1921, Page 4

The Banker’s Responsibility Biitor The Star Inder the head line “The Bank Side Of It,” “Conservative” ex: an idea with which the pub tte has a right to differ. It purports to be a clear state Ment of the banker's side of it, but thinking bankers will not relish this Btatement of their position. Why are banks authorized to do Business? To establish and main- ‘tain a financial system. It is for the tual benefit of the public and Danker, The public gets its t from the proper working of financial system. The banker is itted to make a profit to pay for his trouble and his re investment. The banker's tment in capital and cost of ‘Hperation is more thas offset by the Pvestment of the depositor who ives the banker the money which Makes his profits and the system possible. | It is more than fair to the banker gay that the relative rights of the er and the public are fifty more safely than by loaning the money locally—he calla it broker age, but the principle is the same. At all times it is to the Interest Under normal Jot the public as well as the banker that the character of all loans be | public s j carefully examined and at Umes the | these abnormal conditions | banker curtail los eenerally | dividuals of the public lose, it he te ieatienate. vai lat ‘y | Upon what basis of fairness is it Whenever loans are cut or called | fight for the banker to insist upon lit hurts the public and this damage | his profits if he thereby causes fur can never be justified except for the| ther lows to his partner, the com protection of the system. jmunity? He cannot say that the When the banker shuts off loans | community gets its benefit by the |the community lowes in its individual | Strengthening of the system—if he laftaire, When the banker exports | Will not loan at home the bank is money ‘com the community other | certainly as safe with the money iv communities get the benefit, and by | /t# vaulta—and as bankers are only reason of this bettered condition| human the banker might discover have an advantage over us—doubly | more liquidity in the local securities 0, because we are weakened to the|if the fatness of his dividends did game extent that they are strength.| NOt depend to so large an extent ened, which is a violation of proper upon the exported contents of the community economics. community chest It is his duty to “Conservative” urges that this ex./Se¢ as Mm legitimate merit at port of community money is neces: bags as possible. sary in order that the banks may| Many of the ideas advanced by make expenses and dividends, his | “Conservative” are banking axioms, reason being that the outaide seourt-| but if the reasons urged along divi | tes are more liquid than those of-/ Mend Ines are the controlling ones, | fered locally and that the banks can|the bankers are wrong. Reasoning Imake their expenses and dividends! based upon dividends smacks too the in COMPARE THIS HOUSE With Other Houses Offered You This House Can Be Built Complete on Concrete Blocks for $1,400 (or on a full cement basement for about $1,600.00, depending on the con- dition of the ground.) ST E will furnish you two complete sets of plans, — er every stick of lum- ber, except lath, which means all inside sills, and outside finishing joists, rafters, ceiling lumber, joists, studs, ring, mouldings, siding, sheath- ing, shingles, flower box material, all win- dows, including glass, window frames (knocked down), (knocked down), cu; flour bins and est quality (glass S. S. B.), for only $5' 00 cash, or $657.00 cash, including finish hardware (glass knobs) and paint mditions both the! and the banks profit; under | much of unadulterated selfishness and ia not acceptable to the loxing partner in the banking game—the partner who must make his profit out of a system of finance resulting upon the fair opeyation of the bank A clipping from The Star of a few days since has come to my | notice regarding the “olive branch” delegation from the Seattle Chamber of Commerce, and in reference to name would say that the Tacoma | citizens whom your Tacoma corre spondent quoted as saying that the firwt thing for Seattle to do in to take steps to settle the controversy in regard to the name of the moun tain volees the spirit of Tacoma in regard to this important matter of co-operation This matter of the name of the mountain was among the first of a long lat of injustices, unfair deal ings, misrepresentations, ete, on the part of Seattle towards Tacoma. It is possible that many of the citizens of Seattle, especially thone who have come there within the past 10 or 15 years, have a very vague idea of the cause of the con troversy The facts are that the name Ta- coma iy the original name of the mountain bestowed by the Indians hundreds, if not thourands, of years before the white men ever set foot on this part of the country, The name Rainier was fastened upon this peak by Capt. George Vancouver in 17 in honor of his friend Rainier, afterwards made a rear admiral in the English navy, Capt. Vancouver History of the Mountain’s Name was not the discoverer of this great mountain, as Capt. Gray, an Ameri- can navigator, had traveled all over the route followed by Vancouver several years previous to Vancou- ver’s voyage and had given Van- couver a large amount of valuable! [information to aid him in his trav-! els. Spanish, Portuguese and other | English navigators were also in this section several years before Van- couver’s visit. ‘The log of Capt. Gray was never found, so it has been imponaible to obtain any information from this/ source as to the extent of Capt. Gray's explorations, but it is gener. ally conceded that Capt. Gray came as far as the head of Commence- ment bay on which Tacoma ts lo cated, and that he could not help but Stomach Upset, Gas, Gas, Gas —“Diapepsin” “Pape's Diapepsin” ends indiges on, heartburn in five minutes. Sour, assy, upset stomach, acidity, dy» pepeia; when the food you eat fer- ments into gases and stubborn lumps; your head aches and you feel sick and miserable, that's when you realize the quick magic of Diapepsin. If your stomach is in a continuous revolt—if you can't get jit regulated—try Pape’s Diapepsin. | It's #0 needless to have a bed stom- jach! Make your next meal a favor- iite food meal, then take a little Dia- | pepsin. There will not be any dis |late weak, out-of.order stomachs | that gives {t its millions of sales an- jpually. Get a large sixty-cent cane of Pape’s Diapepsin from any drug |store. It is the most efficient ant- acid known, It is scientific, harm- less, and belongs in every home.— Advertisement, ing partnership. | If the “dividend” line of reason. | ing is absent from the banking mind then it. ehould be convincingly con. tradicted j ALSO A CONSERVATIVE. | | see the mountain which stands pen: | tinel over the city | Both names—Tacoma and Rainier | —were used on all the old maps, tho one of the old geographies the MeNally by a New York house-—gave only the name Tacoma. But both names were J) in general use, either connected) with a hyphen or bracketed | The Rainier Brewing Co. of | Georgetown, near Genttle, was manufacturing a brand which it called “Rainier” and using | a picture of the mountain as a@ trademark, Having spent a large amount of money in advertising they wished to avoid any posstbility of the loss of this publicity feature owing to the elimination of the name} “Rainier,” @o they arranged with Watson C. Squire, States senator from the state of Washington, to go before the N: tional Board of Geographical names at a secret meeting and have the) name “Rainier” declared the official name of the mountain, This as & matter of fact, the board of geo- graphic names had no authority or power to do, as it is merely a board whose duties are to recommend names for use In officlal publications for the sake of uniformity. Ite de. cisions are not binding on anyone and in many cases no attention whatever is paid to them. Several members of the board stated at the Inst hearing in regard to the name of the mountain that the people who lived nearest the mountain and whose money had gone into improvements, such aa roads, hotels, ete., had the right to aay by what name the mountain should be called. And this is what we contend that, having spent severai million dollars | | in opening up and improving roads "o as to make this great scenic play- ground acenasible to the tourists, and inasmuch as the mountain stands in our own dooryard, in our own county and we hear its euphonious Indian name we would be poor tn spirit and cowards at heart if after making this long fight of over a quarter of a century we should at this late day throw up our hands and quit when we believe we have every argument of justice, tradition, history, euphony, etc., in our favor. We do not believe outside of a few prejudiced, stubborn old men who were party to the ortginal wrong committed in this matter, who were actuated by civic jealousy, fearing that {ft would be of some benefit to ‘Tacoma to bear the same name as the mountain, and also to safeguard the trademark of a brewery, there are many citizens of Seattle who care very much either one w: another by what name the mountain ts called. This long-drawn-out controversy but it can never be settled until it ia settled right. Seattle can never hope to secure the co-operation of Ta coma until this wrong is righted. It should follow the good advice of The Star several years ago—“LET TA- COMA NAME THE MOUNTAIN! HERES A FINE BIG OPPORTUN. ITY FOR SEATTLE TO DO A FINE, BIG THING!” If Seattle ts in earnest and ing in good faith geography published J! of beer ||| then a United |]/ FRASER PATERSON Co. 1,800 Garments of Women’sand Children’s Underwear In the Biggest Underwear Sale We Have Held This Year Women’s Underwear Sale $1.49 480 cotton union suits; fall weight; low neck sleeveless, band top; Dutch neck, elbow sleeves, ankle length. Sizes 34 to 44. Regularly $1.75 and $2. A Clearance of Broken Lines of Bedding Odds and Ends of Display Soiled Bedding Greatly Reduced Bale $7.50 6.96 796 5.96 5.00 5.00 3.96 5.95 7.96 $11.50 8.50 + 10.00 6.95 4.50 7.60 6.95 + 750 + 10.00 50 60 10.00 1.50 4.96 2.00 2.75 300 2.00 5.00 2.95 2.25 150 —Second Floor A Sale of Toilet Articles Will Start Friday in the Main Aisle Sales Booths $1 Face Powder, 60c. 26c “After Shaving” Taleum, 10c, 12% to 20¢ Powder Puffs, white and pink, 10¢. 15e Glycerine Toilet Soap, 10c; three for 25c. 10c cake Creme Oi] Tollet and Bath Soap, four cakes for 25c. 2 $1.50 Fountain Syringes, 95c. $1.50 Hot Water Bottles, 95c. single wool-mixed blanket... pairs wool-mixed blankets pairs wool mixed blankets. pairs woolmixed blanket comfort, cotton filled comforts . . Sale $2.25 192 Luctile union sults, wool and cotton mixed; bigh neck, long eleeves; Dutch neck, elbow sleeves; low neck, sleeveless, ankle length. Children’s Underwear Sale 60c 180 Lucille vests and pants, fall weight cotton; vests with low neck and short sleeves; pants knee length. Regularly 7ic and 65c, Sale $1.45 288 boys’ natural wool-mixed union suits; long fleeves, ankle length. Sizes 24 to 34. —Viret Floor comforts . ..+ spreads, satin finish spreads, satin finish,. 25 pillow cases, 45x38%-Inch. 26 pillow cases, 45%36-inch 2 motor robes, all wool. . 1 motor robe, all wool 18 baby blankets.. 2 sleeping bags 3 sleeping bags 1 baby bianket . 3 baby blankets 10 crib comforta, 2 crib comforts. 25 5.00 5.00 2.95 1.95 1.95 196 95 Cold Cream, 360. Cream of Almonds, hand lotion, 25¢, Tooth Powder, 1bc. Perfume, lilac odor, 50c. Byebrow Pencils, 10¢, Lip Sticks, 15c. Compact Rouge, in metal box, 33c. Talcum Powder, lbc. —First Floor Special Price Basement Where Women’s and Misses’ Apparel Is Sold at Big Savings Remarkable Values in Coats and Dresses at.$15 Attractive coatings of navy, brown, reindeer and Modish dresses of tricotine, serge and novelty mixtures have been used in making these Canton crepe in navy, black and brown. smart coats. In belted and flareback styles with Some trimmed wit® frills, embroidery, convertible collare—some trimmed with fur. Also braid and buttons; others in plainer | popular length plush coats. Sizes 16 to 44. styles. Sizes 16 to 44. jam Francis Hughes, 56, who died Tuesday at his home, 6541 10th ave. Cail ANNUAL THANKSGIVING SALE 25% Discount on Dinnerware Pope Gosser China, white Ransom pattern, 50-piece, reg. price $15. S118 Warwick genuine China, gold band decoration. 60-pisce, reg. $22. 17.08 English Montrose pattern border decoration, 50-plece, regular $35.40 Our beautiful Minton pattern, regular $29.00 $21, %% DISCOUNT ON OUR UTIFU: WAVILAND, NIPPON, SYRACUSE | and BAVARIA PATTERNS. All are open stock and can be purchased in an} quantity desired. Dinnerware mak: ideal Xmas gift. A small deposit hold any pattern until you wish jelivered. We have the largest stock Kiar -— snd nottery in the city. Mailorders given careful attention for two coats on exterior. Delivered any- where inside the city limits of Seattle and some sections outside city limits, for no additional charge. Another Saving of Nearly $100.00 can be made if second quality material is used. This is the quality usually used in home ig. HOW WE CAN DO THIS The reason for our being able to sell at this price is because we sell strictly for cash, employ no collectors or solicitors, manufacture a stock line of windows and doors in very large quantities, own our own tim- ber, do all our own logging, manufacture all our own lumber, do our own delivering and sell direct to you—no middle profits for anyone. DON’T BUY “TERMS” It Pays te Pay Cash When you buy on terms or a long-time payment plan you pay from 30% to 40% of the real cost of your building for this accommodation. We advise everyone unable to finance a building without help to get a building loan. Banks and loan associations encourage loans of this char- acter and a very moderate rate of interest, This will enable you to buy for cash and take advantage of the large saving as shown above. This Same Big Saving Applies to All Lumber and Stock Millwork It is not necessary for you to buy the house illustrated above in order to get the advantage of our low prices. The bill of material for on pout is figured at our regular cash prices for all lumber and stock millwork. In order to introduce whal ¢ late, wi [lightest and strongest pla does not cover 6 roo! the eget: you can bite corm off the cob; guaranteed 15 yea: ood for 16 $e, for 25 years, guarant sion: Ing and get teeth sam: nation and advice fre. Call and See Samples ef Our Plate the Test ede ors, wi ay ivi 00d satisfaction. Ask our cr jomers, who have tested our wor When coming to our office, be sure ‘ou are in the right place Bring wu, is ad with yo Cat-Rate OH Dentists 207 UNIVERSITY ST. Oppesite Vraser-latersom Co, Black or Brown. .. CHILD’s INFANTS’ Values to $2.00 7 DAYS WOMEN’S GIRLS’ You'll Like “A Widow by Proxy” The Laugh Play Now at the WILKES f——"NEXT WEEK’ “Nobody’s Money” Brand New Comedy Success of Present Season in New York SAT., NOV. 12TH Women's Strap Pumps; ae a Black or Brown. $5.00 Out-of-Town People—Write for our catalogue of practical homes and price sheets on stock millwork, or send us your lumber lists for quo- tations. We ship everywhere, in any quantity, and guarantee to furnish you with UP-TO- GRADE LUMBER. &POST LUMBER CO. 3300 WHATCOM AVENUE SHOES AT $609 Pr. MEN’S Millmen and Manufacturers Since 1874 SAME BLOCK WITH * Men's Shoes; eWoolworth’s Pine St. Store mek cc thc 509 PINE ST