Newspaper Page Text
Spokane Valley Baseball League Schedule—1924
At At At At At At Date Greenacres ; Post Falls i Rathdrum Spirit Lake Millwood Dish man .Spirit Lake JRathdrum Apr. 27 .... IDishman May 4. May 11 Vf ay 18 .... |Rat hd ru m May 25 ... June 1 .... June 8 .... June 15 ... June 22 .. . June 29 ... Spirit Lake Dishman Green acre« Post Falls i Post Fails Millwood Spirit Lake* Millwood Greenacres Dishman I Mill wood Greenacres Rathdrum Greenacres Post Falls Dishman Millwood Spirit Lake G reenaeres Rathdrum Dishman Post Falls Rathdrum Millwood Spirit Lake Post Falls General Sews Brevities. Twenty-eight hundred clerks, it is estimated. , will be occupied for some time going through 167,000,000 documents in the war department, before the amount of bonus due each soldier can be determined. Congress passed the soldier bonus bill over the president's veto. The house toted Saturdaj' 313 to 78, and the senate voted Monday, repassing the bill 69 to 26. The bill veterans' compensation propos al since 1919. was the 200 th FALLACY OF SO-CALLED GUARANTEE OF BANK DEPOSITS BY LAW An Attempt to Create Integrity by Legislative Act—Mere Words No Good Substitute for Individual Re sponsibility, Says Bankers' Chief. I By WALTER W. HEAD, President The American Bankers Association The bank deposit guaranty 3 an attempt to establish fictitious value—to create value by order of government. Adopted first in Oklahoma in 1909, this plan was carried into seyeral western states and threatened, for a brief time, to become a serious issue in connec tion with our rational banking system. Recent experience has proved, in this instance as in others, that sound economic law cannot be dis regarded with impunity. Oklahoma adopted the deposit guaranty as a result of the failure of a number of banks in the panic of 1907. The system was misnamed at the of Dip wnrj u„ f s -i " , was 11 ^ a guaranty, in any true sense ■UtohTriS'wi? Simp y a fo r. m of mutual insurance. The various «fe W '■M W*lt*r W. Head rïn® ota . re assessed a limn lncurrfi/hvTo 8 ta ' t0 Pay the loSSC ' went^wel^The nms F r. a 2" e aIi tVe . p . ? enty ,ncldeut tc opened to ^etDemL?" 4 ' 0 ^' recentlj opened to "«Ulement prevented fail hr«., h. * the deflation of 1920-1921 Astern o a f Oklaho r ml S '"i thaguarantv ÎSÎ The fa?i^e p ^° V f" bor ' ' mated touTuTbllltT br f ° U f ht -, •'fv"" r " existed, and this meant that the inter eat charge alone, on these outstanding warrant«, amounted to two-thlrds of ïïLr* ares. Failure and Repeal Other banks failed in the followin; month *. and the plight of the Slat. fund became hopeless State hanks surrendered their state chartars and entered the national sys tern By January. 1923, deposits in Oklahoma state banks guaranty were only 178,000,000. only half (he Tember, 1921. total of No This was the conditioi when the state legislature convened and, after various attempts to relieve • he situation by one of several dients. the law makers expe repealed the guaranty sections of the banking law This Is the story of the Oklahoma bank deposit guaranty, which horn, lived and died in the brief of fourteen Oklahoma plan wat space In that time the was adopted, wit!' some modifications, by seven othn states. In none of these has It been abandoned as yet. In every Instance It has been subjected to severe strain, •nd In most of them the question whether or not the guaranty fund c_ pay existing obligations is somewhat doubtful. years. of . The gnaranty of bank deposits failed In Oklahoma and Is threatened with fall nr e In other states because ft was not what It pretended to be and furthermore, because It violated sound economic law. The so-called guaranty In net. In any state, what Its name Ini *U..- U U not In fact a guaranty n In an insurance plan dependent as are •11 Insurance plans, upon "• s"Jc7 ••ey of the premiums which may 1 , 1 ' MM. h.. can own state, Nebraska. I •m thankful to say. Is not one of these. Postmaster General New,in an . order sent to postmasters, authorized granting Saturday j holidays to postal employes | throughout the country between ! June 14 and September 13,when ! it involves no curtailment of the postal service and no cost to the government. An expedition under Professor Langdon excavating in the ruins of Kish, a Babylonian city near Bagdad, Arabia, has dis covered an ancient Sumariau library of cunieform tablets. The find is said to be rich in his torical interest as Kish was the ed amount, in proportion to their prem,ums are not sufficient—and yet th6 ifis,ired tannot a ®»rd to submit to hl * her premiums. econ °mic sin, born in the midst of economic iniquity, the bank deposit guarantee in Oklahoma went the - of all similar attempts to overcome defy the natural law of economics. ******<>* thi Unhed° Sûtes ^Repre- ÂWÂ.ÏiSîs upm 1 « I ntegrity Cannot Be Legislated ( . he fundan > en 'al dlfflcutly with the i tempt to create integrity and financial | ability by legislative act Depositors ! in many Instances were Invited to ac- I cept, as their principal assurance of : safety, a gilded sign upon the bank I window, "This bank protected by the ! state guaranty fund." This protec Lion, it has been proved, was not ade : quate; mere words Conceived in way or i substitute for individual reaponsibil ify. supported by stocks of gold or cur rency. No longer was there a pre mitim upon the character of the bank er; no longer did depositors feel the necessity of giving preference to men of character when they selected their banker. They felt that the guaranty fund took the place of that. But the KïSiïVSSr ÏJSS5 5SSSSZSÎ£* m COW-SCALPERS In Wisconsin the State Bankers sedation 1 3 employing a man to give work f fs 1 "® t0 the ^'cultural ndidtv i h ? a ssodatlon. His major nc.itity Is along the line of marketing wHsis , ,S constaa tly In touch a. o!. St0C i C for 8ale in a11 part » . 1 state »nd Is In position to refer a Prospective buyer to stock of the a . Hd quallty desired. He has It assistanqe of reliable field men Th "7 K °° d Judges of dair y catUe. f * 1° D6ed f0r any far nter to "cn J^i ^ ,, hand8 of unscrupulous . C ° w 3ca lPers" if his bankers will only th ". J? 8 , 1 ,n heIp ing him to As oldest capital of ancient Bab} r - lon. Chairman Johnson of the house immigration committee in congress stated Tuesday that during the last 10 months 2500 Japanese have reached Hawaii and 1000 more have come to the United States, while Japan ese liners are now being crowded into service to bring Japanese to this country before the exclu sion bill becomes effective, all in violation of the "gentlemen 's agreement. The soldier bonus bill was vetoed by President Coolidge on the ground that the country >> cannot afford it, that the veterans as a whole do not need it, that it is opposed to Ameri can principles and is without moral justification. The presi dent pointed out that the crying need of the whole nation is for tax reduction. The bonus bill, he said, would cost |144,000,000 a year and at the end of 20 years would necessitate the issuance of two and a half billion dollars in bonds to pay the matured insurance polities. Agricultural Notes It Is safer not to farm at all than Utilizing Sewer Gam ŒÂ bullt a Tß!h e, ' eIne - Sed the a " d " , gas which emanated from ,, ® SCpt C tanks of h,s own town of arramatta to use as fuel for his en K ' ne ' Ihe snp P ly turned S ° Suie that t,)e plant can be left to JUn for da . vs et a time without any at 'f lt 0n ' In this particular to farm half-way. * 0 "Efficient" farming means producing high grade products at the lowest pos sible cost. * * If you want to throw leave stable away money, manure exposed Jn the barnyard. Three months will slice |°5 from $100 worth. • • Many a hen and many an Incubator have been blamed for a poor hatch when the fault lay with the man who handled the eggs. • • How would the man who lets hfs horses go three or four days without I fresh bedding "cut up" if his wife 1 went away for one night aud took "'iy 1 her all the blankets! ! j (it sewer- : He col out to be Tl ° n tbe work * s foerely to pump out 1 ,e sewa S e Itself; but nevertheless it saveU the cost of the coal, ' I : packa i. r e of Chamberlain's Tablets Take Me or lwe " n b " d The Easier Is the Better Wav Don't poison j'ourself with calomel every Saturday night, but get a and you feeling Gentle and persuasive, thi y nor sicken. Only 25 —adv May the morning will find pood. never gripe cents. i •» -Ltd. has the only Complete Set of Abstract Books in Kootenai County. Get your abstracts from a reliable. Company that is Next to City Hall Cgeub d'Alene, Idaho. mmM LEGAL NOTICES ■•* . "V • ESTIMATE OF EXPENSES Notice Is Hereby Given. that the Chairman and Board of Trustees of the Village Kathdruni. situate in Kootenai County, State of Idaho, will pass an Appropriation Bill in order to defray all necessary expens es and liabilities of said Village of Rath drum for the fiscal year beginning Tuesday. May 6. 1924, and intend to Introduce said Bill for Passage at a Regular meeting of said Chairman and Board of Trustees to be held Tuesday, the loth day of June, 1924, at o'clock P. M. The estimate of said Chairman and Board of Trustees of the probable amount of money necessary for all purposes to be raised by said Village of Rathdrum for the fiscal year, 1924 and 1925, and a statement of the entire revenue of said Village for the previous fiscal year are as follows: ESTIMATE. Fire, light and water. Salaries of village officials •Public improvements. Public library. Current expenses. Public Park. Bond redemption __ Interest on bonds. 91000.00 300.00 2634.00 200.00 1200.00 200.00 1000.00 180.00 Total ♦Public Improvements Intended to be made consist of repairing and Improving the present reservoir and providing an addition al and adjoining reservoir for fire protection, at a total estimate of 13600.00 more or lese. REVENUE The entire revenue of said Village for the previous fiscal year was the sum of J5370.IS, as follows: Tax apportionments from County Treasurer... Fines and forfeitures Miscellaneous. Water rent. M774 00 I 12512.83 I 216.78 2640.66 Total. 10270.16 State of Idaho. i County of Kootenai. Lss. Village of Rathdrum. ) I. ,1. R. M. Culp, Clerk ef the Village of Rathdrum. Idaho, do hereby certify that the foregoing estimate was prepared by the Chairman and Board of Trustees of said Village as the probable amount necessary to be raised for all purposes by said Village during the fiscal year beginning May 6, 1924, together with a statement of tho entire revenue of said Village for the fiscal 1323 and 1924. In Witness whereof. I have hereunto set niy hand and affixed the corporate, seal of the Village of Rathdrum, this 13th day of May, A. D„ 1924. (SEAL) year J. R. M. CULP, Village Clerk Pub. May 19, 23, 30, and June 6. NOTICE FOR BIDS j The Board of trustees of School ^ st - No. 47 is asking for sealed bids on the t0 put 250 yards of gravel school ground. Also will receive bids to paint and the building. For particulars berg, Corbin, Idaho The Board reject any and all bids. see A M. Freden reserves the right to Bids must be in hy Saturday, May L L COPPOCK, Clerk. 31. Pub May 23, 30. Notice to Credito rs. State of Idaho, County of ! "S. Kootenai. Kstato of K. T. Hoftoe» deceased. Not ice is hereby given by the undersigned Administrator of the estate of K T Hoftoe. deceased, to the creditors of. nui all persons having claims against the said deceased, to exhibit them with the necessary touchers, within Four (4) months after the &Ji b . 1,Catlon stilts notice, to the said Administrator at his law offices over Rathdrum. Idaho, the same nelng the place for the transaction of the business of said estate, in the County of Kootenai, State of Idaho. y Dated, this 9th day of May. 1924. MILES F. EGBEU9. Administrator of the Estate of K. T. Hoftoe. Deceased, Pub. May 9, I«. 23 30 and June 6lh. Mother's Fears. A panic of fear seizes mother when agonizing and sudden and severe crimps, intestinal pains, black weakening diarrhoea nausea prostrate some of the family. Iain's Colic and Diarrhoea Remedy in the home, and such cause neither fear pain almost instantly.—adv May. one Keep Cbamher emergencies need nor alarm Eases Butter wrappers printed at The Tribune office, 500 for $3.00; 1000 for Î5.00. Smaller quantities at reasona ble prices.—adv. Read THE TRIBUNE, $1.50 RATHDRUM per year. tf Worth Money in tue Home. A bottle of Chamberlain's Colic and Diarrhoea Remedy for immediate use for sudden and griping pains alarming, especially when accümpanied with black and weakening and cramps, always nausea Gives ease diarrhoea instant warmth, from pain. comfort and Good for children and grown-ups —adv. May ANNUAL ESTIMATE OF m TUBES OF THE VILLAGE OF A1 Idaho, for the fiscal year Beginning Tuesday in May, 1924. * l "w»t Public Notice is Hereby Given Th Board of Trustees of the Village of lis Kootenai County, Idaho, will annual appropriation bill of said Villa! the fiscal year beginning on the first day of May, 1824. at a regular meetlnc I" 1 * Board to be held on the flth day of Jan^ÜT at 8:00 o'clock P. M. of said day, ^ The estimate of the Board of Trustai the probable amount of money neces*»,!! nil purposes to be raised by the Villa.* Athol, Idaho, for the fiscal year h«,^î! 1 0, May 6, 1924, and ending May 5 , jjijr u follows: ' ' ** *• Fire, light and water. Salaries of Village Officials Current Expenses. Public Improvements. 200 * *0.00 100 * Total. Iiaoto The following Is a statement of the Beud of Trustees of Hie Village of Athol of Z entire revenue for the previous fiscal to-wlt: Apportionments of taxes, etc from County Treasurer. Fines and Forfeitures. Mlcellaneous. rut, I 1012* Total State of.Idaho, , County of Kooteaal f I. A. E. Barkdoll, 1101 «.* 89. clerk of the Villa*« of Athol, Idaho, do hereby certify that foregoing is an estimate prepared by thi Chairman and BoarAof Trustees on the Ith day of May, 1924. showing the probrtl. amount of money necessary to be raised for all purposes by the said Village for the 8**1 year beginning on the first Tuesday of Mty 1924; together with a statement of the entire revenue of said Village for the the fiscal t m.* In Witness Whereof, I have hereunto u. Da > r hand and affixed the corporate seal of said Village this 10th day of May, 1924 . (SEAL) A. E. BARKDOLL Village Clerk, Pub. May 16, 23, 30, and June 6. St! NOTICE OF SALE In the District Court of the Eighth Judl cial Dtstrlct of the State of Idaho, in and for the County of Kootenai. Plaintiff James Keeth and Alberta Keetli, his wife, aud Irvington Land Company, a corporation, Defendants' Under and by virtue of a decree'of fore- \ closure and order of sale issued out of the ! District Court of the Eighth Judicial District I of the State of Idaho. in and for Kootenai * Ä ty ' ln . tl J e *bove entitled action, on (be 1 28th day of April, 11)24, wherein the short É named plaintiff obtained a Judgmeut againtt S all of the above named defendants for the g total sum of Eleven Thousand Three Hun- I dred Forty-live and no-100 Dollars, lawful § money and the further sum of 127.80 as cotta j which said J udgmeut id duly recorded tad i docketed in the Judgment records of said | Court. I am commanded to »ell all of tbit I certain lot. piece or parcel of land lying and I being situated In Kootenai County, Idaho. ■ described as follows; to-wlt: The South half (SI4) of Section Threefllln I Township Hfty-one (5U North,of Kauge Four (4) West of the Boise Meridian. P •» bile notice is hereby tin Gottlieb Kugler, Vs. „ _6th day of May. 1924, at the hour of U o clock. A. M., of that day, In front of the front, door of the Court house of Kooieosl County. Idaho, at Coeur d'Alene. I will, in obedience to said decree and order of sals, sell the above described property, or to much thereof as may be neeet sary to satisfy said Judgment, together 1 with Interest and costs.-at public auction, tu i tne highest and best bidder for cash, lawful I money of the United Slates. Dated at Coeur d'Alene,Idaho, this April .mil, 1924. T. L. QUARLES. Sheriff in and for-Koolcuai County, Idaho. 4t Pub. May 2, 0,18, 23. TIME CARD--RATHDRUM p [ U _ _ EA8TBODND No. 306 Paradise Local Passenger No. 42 Burlington Traip No. 4 Twin City Express 3:2.i M s' 8; 49 a m 9:40 X IB WESTBOUND ■ No. „ 1 „North Coast Limited rto. 305 Spokane Local Passenger No. 41 Burlington No. 4 p I* 2: 3*0« 6:21 P « 6;.'6 » ® 3 Pacific Express LEO LENTSCII. Ageut. Rathdrum. Idaho Chicago, Milwaukee & Pugol Sound Railway. Southbound: No. 118, 5:6# p.m. • K f. ■ pas pey î Phool Northbound; No117 ' 9:06tt - ru ' F. «. HART. Agent. RATHDRUM, IDAHO. *T4»r UJfyei) You (Jo to 8polfaipe AT TNE ARLINGTON HOTEL New Building. New Furniture, Steam h«** Electric Light, Hot and Cola Battis I^*ROOMS 75c and up Opposite N. p Depot. SPOKANE. WASH Chamberlains Cores Colds. Croup and Wh Coagb.