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,
l¢ldng 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
