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The Perkins Journal
Perkins, Oklahoma
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July 6, 1933     The Perkins Journal
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July 6, 1933
 

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Perkins Journal Publihed by the Journal Publishing Co E. M. Long, Editor and Manager Entered as second class mail matter et the postoffice at Perkins Oklahbma under act of congress March 3rd, 1899 SUBSCRIPTION RATES In Payne, Lincoln and Log- an counties, 50e per year: out side $1,00. Resolutions of Respect--- Minimmn $1.00. Over 20 lines, 5 cents per line. All poetry same price. U, S, GOVERNMENT GREATEST BANKER lgmm Fifty.two Financing Insti- tutions WRh Investment of Two Billion Dollar--Thir- ty-nine Agricultural ii AMERICA'S biggest banker today is the Federal Government, which is now operating fifty-two financing instl. tutionl, says Professor John Hanna of Columbia University in the American Bankers Association Journal. "Forty of these are owned entirely by the Government," he says. "In twelve more the Government has al- ready a two.thirds interest. Thirty- seven are intended to ba permanent. Twenty-five of the permanent ones and fourtn of the temporary ones are agricultural. "The capital stock held by the United States in theme banks has a par value of $1,380,000,000. The Government's total investment Is nearly $,000,000,. 000. Resources of these institutions ex- md $3,000,000,000. In addition ths Government has detailed supervision over fifty-one mortgage banks, operat. lng under Federal charter. "The Govemment also supervises 4,600 local agricultural loan associa- tions with Federal charters. All this takes no account of the relations of the Government to the twelve Federal Re- serve banks, nor of the authority re- cently given to the Reconstruction Finance Corporation to buy preferred stock In national and state commercial banks." The President has ordered the con. solidation of the agricultural credit agencies into the new Farm Credit Ad. ministration, says Professor Hanna Ha expresses the opinion that beforG the consolidation of the agricultural financing agencies too much machinery had been created to administer the financing institutions which the Gov- ernment either owns or supervises. "Existing institutions represent a considerable differentiation of func- tion and any consolidations should be preceded by a careful survey of the ac. tual activities of the various lnstltu. Siena," he continues. "The only con- solidation the Administration has an- aounced is that of the "agricultural credit agencies in the Farm Credit Ad- ministration. As a permanent solution this arrangement l  too closely bound up with politics. "A better scheme would be to create a finance corporation under Federal charter to takes over either the agricul. tural finance activities of the Govern. ment or all its lending agencies. "The Government's financing and banking activities should e kept Nverely apart from subsidy and other schemes for raising the prices of farm products. One is business, the other is major political policy. The advantages of the corporation over bureau control for the business functions are real and sllmlfican t." Advertising Aids Business Revival -- f :NEw YORK.--Aggressive concerns are pamiing business by effective adverttzg despite deprmed business conditions, declared A. W. Diller, ad. vertiaing counsel, at a bankero' con. ferenee here recently. "Is'i953 a good year in which to advertise?" Mr. DiUer uked. "Yes, tf 19U iS a good year to stay in bnsl. nns, to reinforce the ublic's confi. donce in you, to put more busineu on the books. There Is now business to be had today and aggressive coIm- nies are getting It. But new business will come in only if you go out for iL Advertising certainly goes out for it. "Will people read newspaper adver- tements these day? They will read anything that interests them. There are plenty of present-day argumants for business." "How old would a person be who was born in 1897 ?" "Man or woman?" THE Peter By DOROTHY DOUGLAS Q, by Mlus Newsier SYdtato, W'NU 8erode ETER, or as everybody called Ida, Pete, was big and sqttre shoul- dered with that kind of red hair that seems always to have been rumpled by a stiff breeze. He was stubborn and pugnaciou when there was any- thing to be stubborn and pugnacious about, but usually he was easy going- and gentle. Pete was as putty in the hands of Daphne Baker, but no one but he knew it. Daphne was so fragile that he thought she must have stepped from a Wtteau canvasPete had once seen a Watteau canvas in London. Her hair was like spun gold. Sometimes Daphne treated Pete with all the sweetness in the world and sometimes she seemed to regard him as Just a big, solid doormat. Pete absorbed her kindnesses and forgot the rest. He felt reasonably sure that In the end Daphne would give herself to his safekeeping, and he waited pa- tiently. Nobody but Pete knew that just out- side the city limits on a sunny hill there sprawled a bungalow, with wide lawns and flower gardens and a foun- tain playing against the glorious dis- tance of great trees. He pictured Daphne there, and, of course, himself somewhere lose by. Daphne had heaps of flirtations. What pretty girl has not? But always she drifted back to the great bulwark that was ]ete. He had not worried much about these affairs until the advent, on the screen, of the handsome, soulful-eyed Geoffrey Coffins. Daphne simply went wild about him. During these fascinated days Daphne looked at Pete's unruly red hair and hls big useful hands and hls broad grin with comparisons in her mlnd that id not bode well for Pete. When Pete took her across a crowded street, he simply took her arm in hls strong hand, gulded her swiftly and surely to where he wanted to take her and tln let her go. Now, Geof- frey, on  screen, of course, would Look questionably and most soulfully into the eyes of his ladylove, take her arm gently and wait most gracefully for the tramc to clear before risking his own and his ladylove's life in crossing. And invariably when Pete took her to dinner he did all the ordering. He made her eat a huge steak, some fine vegetables and a good pudding. "No," he declared at her protesta- tions. "Girls require more than hearts of lettuce and sardines for dinner. You eat that--all of it." And Daphne did. On the other hand, Geoffrey would have toyed daintily with some tid-bits that might have satisfied a Persian kitten. So, when the great announcement came that there was to be a combined society and movie garden party for the benefit of the unemployed, and that Geoffrey was to dance with all and sundry, Daphne knew that the great moments of her life were up- preaching. But Just to make sure, she got herself appointed on the re- freshments committee. It was to be a tremendous affair and the whole of the city would flock to see the favor-i ltes of the screen in varied forms of charitable performances. "No," declared Pete, adamant in his decision, "I'd rather go fishing than doll up on a hot day like this. You put on your best frock, look your pret- tiest and have a dozen or so dances with the great Geoffrey." He. knew Daphne was annoyed, but he wanted to give her free rel In his heart Pete feared for the first time, for Geoffrey seemed like a man of real charm. Pete felt that his castle of dreams might tumble that day, and he went off to fish, far up the river. Daphne was exquisite in a silvery wisp of a dress, and a wide droopy hat shadowing the deep violet of her eyes. No wonder that Geoffrey glor- tried in his partner when it came Daphne's turn to danes with him. Daphne's heart had pounded when she stepped forward to meet him, but no i sooner were they on the floor actually dancing than she became her normal, level-headed self. Geoffrey was delightful. He was a wonderful dancer. He gazed soulful- ly and respectfully into her eyes but there was the faintest bit of make- up beneath iris eyes and a becoming tint of sunburn that the sun had not produced on his face. Daphne smiled softly as she finished her dance with him, then fled swiftly from the gar- den party. She didn't take time to change her clothes but hurried to her little roadster and drove recklessly' far beyond the city limits, Then, lldng her car, she walked qulekly 1 PERKINS JOURNAL B.ABY FOODS illl Ills Iiil b f--0NSULT your physician" are the three words that " we hear most often in the study of baby welfare. So impor- tant is this advice that one of New York's most prominent baby specialists has printed on every diet list issued from his office tilese words: "This diet is for your child at this time, and for no other child at any time." All of which means that babies are individualists. Mothers have come to recognize this [act, and because there are free elinics as well as expensive baby specialists, l)-tbies everywhere are getting Stair individual rights. A New Line of Canned Foods The most favorable indication of this progress in baby welfare is tbe fact that reliable food manufacturers no longer turn out a product and label it "good for baby" witlxout medical asurance that it is good. "Consult your physician" is the rule of the con- scieutions food dealer as well as of tim conscientious mother..An example of this is the marketing by a well-known manufacturer of good foods, of a new line of baby foods including tomaio juice, splnch, carrots, peas, green brans and mixed vegetables. These foods were developed in collabora- tion with the Mellon Institute of Industrial research and the book- let describing the foods was writ- ten and edited with medical super- vision after a thorough examina- tion of the processing f the foods, and they have been granted the seal of acceptance of the Ameri- can Medical Association. Because the facts in this booklet are scientifically correct, we are quoting here some of them wbicb will be of interest to mothers: "If babies are to enjoy health, vigor, even dispositions  and grow to sturdy, active, happy childhood -- they need certain body-building foods which contain the various essential vitamins. "Without vitamin A, resistance to infection diseases is poor. Lacking vitamin B, growth is stunted. Denied vitamin C, scurvy may develop. Furthermore with: a partial deficiency of any vita- mins malnutrition with less defi- nite symptoms results. Thus, it is of paramount ilportance that babies diet includes these health- ful vitamins. "As mothers know, these ll- important vitamins a're found abundantly in certaiu vegetables, SUCil us spinach, carrots, peas and green beans. Vegetables supply iron greatly needed by the in- fants. Vegetables are also good sources of calcium and phospho- rus, which are the principal building materials of bones and teeth. Moreover they are of much assistance in 0yerc(nling constipii- tion of infants whose diet is prin. clpally milk. "Mothers know, too, the hours upon hours of work required to cook these foods properly and to strain the vegetab]es finely for baby's meals. First vegetables must be carefully selected and washed. Then cooking must be constantly watched. Cooking utensils must be washed. More- over time and strength, and pa. ttence are required in rubbing the vegetables through fine sieves when these foods are prepared at home. : "And fresh vegetables of suffi- ciently high'quality, for babies feeding cannot always be secured all the year round." Get Medical Advice The new line of strained vege- tables are said to be cooked, strained and packed under ideal conditions that well preserve the essential vitamins and nutritive qualities and they are ready for beating and instant use. And with all of this ears in preparing, this manufacturer who prides himself on his reputation advises mothers to "consult your physician or baby specialist." Ask him the best time to start your baby on vegetable, on the manner of serving them--diluted or undi- luted --and as to tim length of time to continu :erving straiued foods, depeuding on tie child's general health ::d !ooth development.* along ihe rid'or bank ou tiny grove of trees with sonm grent rocks that  lay out on the river, t:ete sat there fish- i tng, but even if a whale had been on his line, Shore would have been no Joy in it. For Pete was seeing Daphne in the arms of Geoffrey Collins. "Pete--dear'." Daphne hurled her- self into Pete's arms. There wasn't a soul in the world in siglt and her white, silky arms went Ul) elinglngly i about Pete's neck and she lifted her llps to be kissed. The fishing rod floated down tbe riv- er while D'|phne gloried in Pete's strong arms, his ruLqpled hair and his rugged face with its broad grin. Pete knew his voice would tremble if he' sp6ke, so he only tightened his grip and vtsnalized the bungalow on the sunny bill. [ BANK 'TS A REFLEG THE LIFE ABOUT IT t , Loans and Investments on i Which Condition of a Bank l Depends Determined by The Kind of Business I ! Surrounding It [ pOLITICAL and popular misappre-[ hensions toward banking are due to little else than failure to realize that It is what the people themselves do that the condition of banking reflects, and that banking cannot of itself reflect events and conditions other than those I that actually originate from surround- ! ing circumstances, Framcls H. Slsson, ] President of the American Bankers As- I sociation, says in an article in Forum [ Magazine. , / The character of an institutions / notes and investments indicates / whether It is in the farm regions, a manufacturing center, a mercantile neighborhood o,' a great financial dis- trict, he says, and furthermore, besides identifying the institution as to Its locality, a study of its notes will equal- ly clearly indicate the economic condi- tions surrounding it. "If a farm district bank's note his- tory shows that its loans rise and fall with the normal cycle of production and marketing of the products of the region, it may be taken as an index of economic good health for the locality," he says. "But if, over a period, the loan volume shows a dwindling trend it may mean a region that is losing ground,- becoming exhausted or being robbed of business by another community. Or if a large proportion of the loans are not paid at maturity but are chronically re- newed, or if stocks or bonds or real estate have to be taken as additional security, these too have economic sig- nificances, reflecting perhaps crop fail-  urea, over-production or inefficient, high cost farming methods in a highly competitive national or world market, such as wheat. Inevitably all these facts are reflected in the condition of the local banks. City Banks, Too "If the loans of a bank in a manufac. turing or merchandising field show a smoothly running Coordination with production and distribution they, too, mirror a healthy economic situation. Or there may be here also signs that reflect growing unfavorable conditions, such as excessive loan renewals, over- enthusiasm and therefore over-expan. sips of credit extended to makers or dealers in particular products, and sim- ilar circumstances. Similar conditions apply to banks engaged in financing the activities of the securities markets. "The foregoing is merely suggestive of the infinite aspects of the life out. wardly surrounding the banks which form and control their internal rendS. tions. Although these facts seem obvi. ous enough, the discussions and criti- cisms that have raged about the banks often appear to set them apart as some- how sparate from the lives of our peo- pie, casting forth a malignant lnfiu. ence upon agriculture, industry and trade from forces generated wholly within themselves, "The truth of the matter is that the fate of the banks is leparably inter- woven with the fate of the rest of the people and of the nation. What hap- pened to he country happened to the banks and what happened to the banks is in no way different or detached from what happened to the people. They are all part of the same pattern, of the same continuous stream of events, No one element in that stream can be called the cause of business depresslon. "if the banks caused trouble to some l of our people it was because they were irresistibly forced to pass on troubles that came to them from other people. These troubles impaired the values of their securities and customers' notes-- and rendered some unable, in turn, to pay back to other customers their de. posits that had been properly used to create these loans and investments. Unless these truths are kept continual- ly in mind there is no such thing an approaching an understanding of the banking problem or of properly safe- guarding the very heavy stake of the public in that problem." Mr. Fox Watched From Roof Cunning fox very smartly evaded pursuing hounds of the Musketry hunt, near Derry, Ireland. It made sraight across country to a barn where it went up a sloping ladder to the top of the roof, from which he watched the progress of the pack. The master of the hunt "drew" the hounds after they lost the scent at the barn. In the meantime Reynard got down from his perch, and, springing across a laneway, got clean away. Previously a fox did the same trick. It is be- lieved to be the same animal which did it again.--Montreal Herald. III _, Ill I l Oc a day .. Think of ;t ! A real Pmlngto Portable tpewriter [or only IO | day l Two shlf keys, standard four row k5oard. Attractive pica tp A honey i .... Come in sod sm it. The Perkins Journal