The Colville examiner., October 31, 1907, Image 13

About The Colville examiner. (Colville, Wash.) 1907-1948

Image provided by: Washington State Library; Olympia, WA

J. L. Lasswell is home again after spending the
summer in North Yakima.
Contractor Lee Gaman" has the contract for a
new cellar at the residence of Judge Carey.
Six applications for citizenship have been filed
in the office of the county clerk during October.
The need of a commission house in Colville, with
sufficient means to meet the requirements of such
an establishment, is apparent just now, considering
the great volume of fruit new coming into the mar
ket. Fruitgrowers within a radius of 15 miles have
planted, in aggregate, nearly a quarter pf a million
fruit trees, mostly apples. These orchard are now
very abruptly coming before the market with a
fine crop with no means of handling it. Heretofore
there has been no special demand for a commission
house but now there is such a demand.
F. J7 Vanßuren and T. E. Smith, managers of
the Colville opera house, are remodeling the build
ing by painting inside and out and by papering the
entire interior. The stage has been widened to 20
feet, and the seating capacity increased from 200
to 450 by the addition of a balcony. New scenery
arid footlights have been installed. It is the plan
to have some good attraction here every week dur
ing the play season. The first will be about Nov.
15, East Lynne, and on Nov. 28 Stetson's Uncle
Tom's Cabin. The...enterprise on the part of the
management is worthy of commendation.
On information received from Chief of Police
Rice of Spokane, Sheriff W. H. Graham on Mon
day arrested Babe and Budd Buck at their home
about 15 miles west of Addy on a charge of burg
lary and placed them in the county jail. The
charge was that of stealing 10 buggies and four
hacks from the Paulson Implement company at
Spokane and shipping them into Stevens county.
The sheriff found three of these in the yard of
Babe Buck, two in Blue Creek and five at Addy.
The men claim to have bought the rigs from a
Spokane man, but refuse to give his name. They
haye lived in this county about 15 years. The first
information was given by I. Stapleton, the firm's
traveling representative, who saw the rigs at Addy
and made inquiries of the Spokane house as to who
was doing this large country business. The men
wee yesterday taken to Spokane by Deputy Sheriff
Long of that county. Mr. Stapleton arrived in
Colville yesterday to replevin the vehicles. He
stated these men had hired a transfer wagon at
Spokane Friday and used it until Sunday. They
had billed five rigs from Spokane to Addy, but had
probably trailed the others out of town. The value
of the rigs was about $1,500.
If you are going to do any painting this fall be
sure and and get prices at Carroll's before buying.
County Treasurer Charles Adams was in Spokane
Tuesday and Wednesday on county business.
Mrs. Fordyce returned Tuesday from Kalispell,
Mont., where she has been visiting relatives.
D. McKellar of Kettle Falls and J. A. Meyers of
Meyers Falls were Colville visitors this week.
J. L. Ferry of Orient is here visiting his son W.
L. Ferry and will leave this afternoon with his
wife for Los Angeles where he will remain for the
winter.
On Oct. 28 County Auditor Savage issued mar
riage licenses to Walter Light and Margaret Far
rar of Meyers Falls and to Tony Roitz and Agnes
Kories of Valley; on the 30th to Berton Brooks
and Mabel Baxter of Arden.
Rumor is current that there is a panic in finances
and banking thoughout the country and from some
sources come predictions that hard times are now
due. The fact of the matter is that the country
has more money than ever in its history, is produc
ing more and enjoys greater prosperity than ever
in its history, but at present the actual cash is
locked up in the banks. Business is being trans
ected as usual by checks and drafts, but for the
protection of the depositors and themselves the
banks are holding the cash to avoid any possible
flurry or run. A number of banks have limited
the amount of cash to be withdrawn at one time,
but no banks in this section have made any refusal
of payment. Cash can not be obtained in Spokane
from the east. Colville can not obtain any great
amount from Spokane. Hence Colville banks can
not^ afford to let any great amount of cash be with
drawn until they are able to secure cash from other
cities. So it is not at all a condition of financial
instability that limits cash withdrawals here, but
simply an inability at present to obtain more cash
elsewhere. This morning the editor of this paper
visited both local banks and found actual cash in
them to the amount of $178,000. This is consider
able money to be found in cash in a town the size
of Colville and speaks well of the ability of these
banks to handle present conditions. If necessary
these banks could" pay in cash every cent of de
posits which are not time loans. But there could
be no possible object or good in doing this, and for
the present they have made a working basis of $10
cash withdrawal. The Colville banks have nearly
twice as much assets as they owe depositors and
are in a position to laugh at any bank panic argu
ments. Governor Mead declared yesterday and
today legal holidays for the benefit of banks not
able to withstand cash withdrawals, but the local
banks have paid no attention to it. That the
tightened money market can hardly continue for
more than a short time is the prediction of those
most intimately acquainted with the question.