The Emmett index. [volume], August 17, 1922, Image 3

About The Emmett index. [volume] (Emmett, Idaho) 1893-1925

Image provided by: Idaho State Historical Society

                
GUARANTY BANK
DEPOSITS
(By Guy Flenner.)
(NOTE: The following is the first
of a series of articles on the guaranty
of bank deposits, written by a vjiil
known Idaho newspaper man and in
vestigator, who has given the ques
tion considerable research. We pub
lish these articles for the information
of cur readers and in order that there
may be an intelligent consideration
of the subject, and without necessarily
crprc-ving or opposing any of the spin
stated. The Editor.
ions
ARTICLE III
Bringng it Home to the
Individual
What is good for the goose ought to
be good for the gander, we are told.
If the principle underlying guaranty
of bank deposits affords a pro
tective panacea, why not extend it?
Why not avoid all losses by requiring
each individual to contribute to an as
sessment-raised fund from which to
pay the debts of any insolvent mem
ber of society ? Why not assess every
company doing business in Idaho to
pay the debts of every company that
cannot meet its obligations?
When we bring the principle to our
own door it does not appear nearly so
desirable. And yet it is at the door of
every home and of every business,
farming, mercantile and all, when it
äs at the door of our banks.
If guaranty of desposits could pre
vent panics, then we could lift our
selves over the fence by our boot
straps and usher in Utopia.
Panics result from deep rooted
causes, and it is doubtful if any law
■could prevent them. The country had
suffered from an inelastic currency,
a prime cause of financial disturbance
Emergency legislation, which got us
nowhere along the line of permanent
Telief, undertook to solve the problem.,
The Aldrich-Vreeland act providing
a more bounteous supply of currency.
prevented a panic in August 1914,
that would have imparted to the panic
of 1907 the comparative aspect of a
wavelet of prosperity. But for that
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THE UNIVERSAL-CAR
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Here is What Ford Service
Really Means
It means Genuine Ford Parts.
It means a Repair Shop where ex
pert Ford Mechanics perform the
work.
It means giving Honest, Courteous,
Prompt Attention to the Ford
Owner's every need.
It means to constantly supply you
with a Ford Service that will
make you and keep you an enthu
siastic member of the great Ford
Family.
M. & M. Garage
FORD AUTHORIZED SALES & SERVICE
LINCOLN MOTOR CARS
First and Washington Sts.
Phone 22.
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Copyright.
relief the guaranty states, as well as
all others, would have found them
selves in the convulsions of a cur
rency famine, with most disastrous
results. Their guaranty laws would
not have saved them or their banks.
Being purely a sedative, the guar
anty law cannot root out financial di
sease. The use of narcotics to re
lieve pain is always attended by de
structive consequences. Permanent
ease cannot be procured without re
moving the cause. And the state
bank guaranty could no more do that
than the proclamation of a govenor
could end a national turmoil.
Every well administered bank today
has every needed means for self pre
servation, and the bank that cannot
now stand on its own bottom, and mer
its, and exist on the nourishment of
its own character, and the ability
and honesty of its officers, is a men
ace to the welfare of its community.
When a worthy banking institution
can secure all ctedit reasonably need
ed it is a sad commentary when any
bank cannot keep its doors open with
out doped with the oxygen of a
lame duck law.
Banks that would have to close to
day unless artificially supported by a
guaranty system, are undoubtedly
those that are suffering from internal
disorders, excessive loans to favored
interests, to large frozen credits-those
that do not look ahead, the type that
is not entitled to protection. Any
community suffers far more from the
going practices of such instrumtalit
ies than from direct deposit losses.
The leveling tendencies of guaranty
legislation is as objectionable as the
Socialistic doctrine of individual eq
ualty—the destroyer of competion, in
itiative and progress; and it must be
remembered that in the beginning of
Socialistic government only a small
involved. The bad apple is in the bar
rel, however- To level the rights of
enterprise pulls down character and
ability and causes merit and enter
prise to become an unknown quantity. I
That is not the true American way.
The writer of these articles has
1
part of institutions and industry are
touched only the highlights of the
subject, making no brief for any bank:
or banker, but for the state of Idaho,
...'. . .
to which he has consecrated whatever■
ability he may possess. He hopes that
at least his observations will assist in
any discussion of the important sub
ject.
to be Unveiled
If Governor D. W. Davis had had
Monument to Apple
time at his disposal he might have ac
cepted an invitation to attend the un
veiling of a monument at Winterset,
to an apple.
The invitation came from the state
historical department of Iowa, the his
torical society of Madison county, and
the state horticulural socity, which
have united in the erection of a mon
ument to commemorate the discovery
of the famous Delicious apple.
No Factious reference was made in
the invitation, nor is one to be made
in the inscription on the monument, to
the apple which tempted Father Ad
am beyond endurance. The occasion
is being taken seriously. Right under
the shade of the original tree which
bore the first Delicious apples, he
president of the horticultural society,
after pomological addresses by the ed
itor of the American Friut Grower
and a noted Missouri apple specialist,
will present the monument to the
"To commemorate the discovery in
1872 by Jesses Hiatt of a variety of
apple named by him 'The Hawkeye,'
the sole right to propagate which was
acquired by C. M. Stark in 1894;by
him renamed and introduced aud dis
seminated throughout the apple world
a s the 'Delicious' apple. Erected 1922."
-
It will bear the following le
state.
gend:
Mrs. John Flint of Seattle, Wash.,
who has been visiting her sister, Mrs.
X E Flake and Mrs Wm. Perron left
f °r her home Tuesday.
^ Siting'reUtives and f rlendsln
Payette.
Miss Hester Gross returned home
ÆSST attendin * SUmmer
OLA
ÆSST *
school in Boise.
I The Frank Holbrook family went to
Boise Monday to take in the circus .
Mr. and Mrs. Pete Waktins and
family of Middleton visited relatives
Ta
I coma Wash., where she will visit with
I her sister and brother for some time
I jL. o. Park went to r^mmett Monday
to work for Obermeyer Brothers.
Everyone has gone huckleberrying
I or have just returned.
I Mr. and Mrs. Elmer Nesbitt were
called to Payette Sunday on account
of the sudden death of their sister-in
. law, Mrs. Clarence Nesbit.
Charles and George Webb left Mon
! i a n S f countrv XtenJed ^ ^
i Mrs I T Hall and Ivan visited
I _ „i Menteur
Harry Granger returned from
Lewiston, where he has teen attend
ing summer school.
Bessie Glenn is spending a few days
The weather has teen considerable
in High Valley.
Joel Potter transacted business in
Montour Monday.
Miss Dora Vaughan arrived home
from Boise Saturday. She will re
main at home until school starts.
BROWNLEE
cooler the last few days.
Mr. and Mrs. Amos Woods went to
High valley Saturday ,to camp a few
days and pick huckleberries. •
Mrs. Skiff of Emmett is visiting
with Mrs. Eckroat for a few days.
Mr. and Mrs. Harry Woods went to
their ranch near Ola Sunday.
Rev. Riley preached his farewell
sermon Sunday at the church, where
a Urge crowd gathered, with well
filled baskets. A very pleasant time
was had by all present. The people
will miss Mr. Riley very much and it
is with regret that they see him leave
as his sennons have teen more than
appreciated by all.
We see hv the Statesman where a
marriage license had teen issued to
Mr. Herbert Spencer and Miss Jane
Guthrie. Mr. Spencer is a well known
rancher of Brownlee and Miss Guth
___ _ ___
ene is a teacher from Indiana, she
having taught the primary grades
here last year Mrs. Spencer and
Miss Cook left immediately after the
wedding for Yellowstone park for a
short visit. So be ready fellers, get
ail the old tin cans, wash boilers,
shot guns, cow bells and every thing
e'.se that will make a noise. Come
everybody, bie and small. We have
waited too long to let. this go by un
noticed. 100
J. W. A Ihm of Montour called at
; the F. E. Albin home a few minutes
Sunday evening.
; * r ' < J,lb *. rt children and
Clara Vaughn returned from their
camping trip to High Valley Satur
j day where they spent several days,
They also camped
creek.
Mrs. C. C. Mansen and children and
; Mrs. Mansens brother, Tom Pope and
family went to the Lakes Saturday
to be gone several days. Mr. Mansen
left Monday evening to join them.
Marion Eckroat,
Leiand Albin, Loran Smith and Jim
mie Goins went on a hike to Dry
Buck Monday, retdrning home Tues
day.
awhile near Bogus
Everett Biggers.
Mrs. F. E. Albin and children re
turned home Saturday from High
valley where they had been for the
past two weeks picking huckleberries.
They report the huckleberries as not
very plentiful but say they are larger
than usual, lots of them being nearly
as large as pie cherries. Presume
that must be the cause of the bears
being so large this year, as Mrs. B.
Seetin says the bear that got into
their camp was as large as a two
year old steer. We can't vouch for
the bear, but we can for the huckle
berries.
Ebb Biggers went to Horseshoe
Bend Sunday.
The farmers have been hauling
limbs from the mountains, getting
ready for the threshing machine.
SWEET
Everett Swatman returned to
I Brownlee after an absence of several
months.
An all-day service and basket din
ner was enjoyed by many at the
Brownlee Church Sunday, it being the
Rev. Riley's last day at that place.
The good wishes of the entire commu
nit y *° *' lth „ him £ ew mission
ch üiren "lere^dinnef gS a" "the
home of Mr. and Mrs. Harry Knowl
ton, Sunday.
Mrs - Mulkin returned last Wedr.es
day fron ?- Bol ® e ' whcre sh ® has
recuperating from a recent operation
; at one of the Boise hospitals.
Mrs. Dan Jordan was quite ill the
last of the week. Dr. Byrd was called
' * n attendance,
■
j w ^ re had teen the past two
'weeks.
_ "f: " d «ontouT'vkitifra on Mo"
Sweet and Montour visitors on Mon
day '
tor on Saturday.
Jesse Echroat was a Montour visi
tor on Saturday.
^ .. r>- J T -
. E l e ' ett c Jl " ""I
. Lo 2£ 1 Sd ^ Ä
Mondav^earmiinir out* over nicht and
M ° nday J «' m P ln g out over ana
^ as ** .n q
^ and ^ w L Nichol and fam
■. . r .. » » t•
lly ° f Em ™"' ™ l *
***» th | 0 „ wen D ' x h °™ e - T
* Irs - • ^ etln and chlldren T ° r "
and Elda £ ere 0 , ve ™ lph d ,f UeS "
^ sts , w,th . P r* v ' and >Irs - Mulkln on
oatui day night.
Born l ° A, r and M "' F«U Dns
co1 • on Monday, August 7th, a baby
^ Mrs. Henfy Chase are also
tV, <? parents of a 9 lb. son. born Mon
day, August 7th.
been
rtev. iviuiKxii was
Monday.
.' ,k ' v . a , Enowlton as
^ 'pllluIS of B«^ r is "helping
hay on the Owen Dix ranch.
Mrs. B. Seetin and children return
ed home Sunday after spending the
week visiing among relatives at Em
mett.
Mrs. Skiff of Emmett, is a visitor
at the Jess Eckroat home on Brown
lee, this week.
Mr. and Mrs. J. W. Albin of. Mon
tour were Sunday guests at the home
of their daughter. Mrs. Ward Smith.
Mr. and Mrs. Fred Amick. of Mon
tour, were Sunday dinner guests at
the B. Seetin home.
Mrs. F. E. Albin and children and
Loran Smith returned Saturday from
High Valley,
_ , _
Mr. and Mrs. Walter Stodaard left
Monday for their home m Chicago.
Miss Mary Stoddard who has been
here for some time accompanied them
home.
Eugene NoUnd and Harry Gatfield
were Boise visitors Thursday. Mr.
Gatfield's sister. Mrs. Guy Gilmore
. ' "-"
MONTOUR
and children came to Emmett with
them to visit with their father for a
few weeks,
Orville McConnell and Mr. 'l aung
bauer were business visitors in
mett Friday.
Mrs. W . F. Burdell returned home
Thursday after a short visit with her
sister.
Scott Stewart of Pearl was a cal
1er at Noland's ranch Thursday. 1 e
left Friday for Portland with a ship
meni of fat steers.
Mrs. J. W. Stoddard returned home
Sunday from Boise, where she was in,
the hospital for two weeks being ;
mended from the car accident. She
»
I»
POOL AND BILLIARDS
T«a
THE BRUNSWICK,CIGAR STORE
THS BUSY FLAGS
«
:
Fertilizer and Hail
Insurance
HAIL INSURANCE— We are now in a posi
tion to write hail insurance on your fruit
crops. You can not afford to take chances
without it, let us talk it over with you.
FERTILIZER— We still have a few tons of
Sulphate of Ammonia, carrying- 25 per
cent nitrogen, used more extensively by or
chardists over the Northwest than any other
fertilizer. Try out a block of your orchard
and note the i-osults from its use.
SPRAY MATERL4.LS AND ORCHARD
SUPPLIES OF THE BEST BRANDS
Carried in Stock at All Times
Gem Fruit Union
GUY R DAYTON, Manager
Phone 202
' s rauch improved but not completely
st Tet K
Noland is much improved, but it
will be sometime before he will te en
tirelv well
LOST-A reed suit case, medium
size, full of clothing, on the road
between Emmett and Caldwell. Re
ward for tcisiu U, !ala offivi. Ip.
- --—; TT7 7,
LOST—A 36 x 4H demountable tire
and rim. between Emmett
Reward for return. A Little
LOST, FOUND, E;c.
Sweet.
TO TRADE—Model 1917 Maxwell,
would like to trade for Ford. Just
overhauled. C. W. Driscol, Falk. 2p
- - —
WANTED—2 tons barley, 2 tons oats
ESTRAY—One bay mare 8 years old,
weight 1050, has star in forehead,
both hind feet white, saddle marks,
no brands. Inquire at Sheriffs office
WANTED
some wheat. What are your prices,
W. H. Hall. R. R- 3.
y.'ANTED—All kinds of motor and
£ractor repairing. horseshoeing,
blacksmithing at the Square Deal
s hop on Boise Ave. 44-4t.
, ■_ _
WANTED—Experienced hand ironer
to operate press machine. Uem
City Laundry. 40.
—-——
Mrs. Ward Fuller, phone 93-tt o.
WANTED—To buy young turkeys.
WANTED—Housekeeper, Mrs.
Obermeyer, at Frozen Dog ranch, j
FOR RENT
FOR RENT—Five room house. Phone
66-J 2.
Em-_____
FOR RENT—Small house at 7th and
\y ar( j we ji Apply to John Doherty. 1
^
oath T«»m w»<ron and har
FOK SALE-Team !vagon and tar
ness. 2 Jer>e% cows and Jersej
heifers ; one cow just fresh.
Beutler. tf.
35.
sleeping
45-tf.
RENT—Furnished
Mrs. H. W. Titus.
~ FOR SALE
FOR
rooms.
A. H.
FOR SALE—Two good milk cows. In
quire 411 2nd St. 45-2p.
Larkin A«to Co.
, ^
-
FOR SALE—1 share of stock :n the
Enterprise Irr. Ltitcn, representing su
, inches of a-ater. Address B. C. Ber
Payette, Idaho. 45-2t
and
FOR SALE—Three burner Perfec
tion oil stove and Oliver typewrit
er. both in first class condition. 316
Main street.
FOR RENT—Two unfurnished rooms
for light housekeeping.
Francis.
Mrs. Ed
FOR SALE—Team of mares. 6 and 7
years, weight 2500, $150 cash, or
will trade for milk cows. 2 miles south
east of town. P. G. Hanson.
45-2p.
FOR SALE—A good young milch
at Fred Baisch's place on the
45-tf.
^
v, e ' d '
_ ___
FOR gALE—A Grant Six. just over
hauled. Larkin Auto Co.
14.
44.
I OR SALE—Registered Jersey bull.
4 years old. from Fred Sherwood's
Social Rolph, phone 98-J 2. 44
FOR SALE—Kentucky Wonder beans
for canning. Mrs. Howard Hart,
half mjle south of Sawmill. 44-3p.
It.
p 0R SALE—Sweet cream, test 35
and 40 per cent. Any quantity up
^ a g^jon. L. J. Ross, phone 107-J2
„
F0R SALE—New 4-room bungalow,
w j t h bath, garage and other out
buildings. Terms. Inquire at 826
South Boise avenue. 41tf.
FOR SALE—Apricos, at 2c and 4c
pound, according to grade. Chap
nian Farm, adjoining Frozen Dog
43 tf.
ranch on north.
Henry_
F0R SALE—Registered Jersey bull
calf. John Hickman, Phone 96-R 5.
FOR SALE—14 shoats, weight about
39tf.
60 lbs. Gid Spoor.
f q R SALE—Two 8 by 10-foot Ax
_ jrs .„ r wj, same natte rn.
u C W Skir'rer
>,rS ^ VV ' ^tner.
_
FOR SALE—Rhode Island Red pal
lets. Phone 268. Gem Ice Cre^m
Co.
FOR SALE—8-horse gas ehg?»e,
most new. Cheap. Corner Grocery.
FOR SALE—or trade. A Victroh.
Call at Palace Meat Market. tff.
lû-