OCR Interpretation

The border vidette. (Nogales, Ariz.) 1894-1934, April 30, 1921, Image 1

Image and text provided by Arizona State Library, Archives and Public Records; Phoenix, AZ

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn96060796/1921-04-30/ed-1/seq-1/

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State Library State Haute
No. 18.
Overcome the shift-
lessness of listlessness
and save and have.
Gain a name and fame
through conquest of
yourself. Lay aside a
little money and re
ceive the reward that
peaceof body and mind
brings when you are
old. Start depositing
here today.
First National Bask of logales,
Max MriLER. President
CAPITAL $100,000.00 .fef gSZSS'
SURPLUS 25,000 00 Jc J&JSZ ;recretry
A General Banking Business Transacted
N t
The Spirit of Friendship.
This store looks upon its patrons not
merely as customers but as friends.
People purchase here because they
have friendly feeling for this store.
The cause which develops this friendly
feeling, may differ, in fact, they are
sure to differ. One's friendship for
the store is the result of finding good
values; another's is the result of effi
cient service and courteous treatment,
and so on.
Naturally this friendshiply feeling on
the part of our patrons is reciprocated
on our part. And this spirit of mutual
friendship is an impetus for greater
service -and an incentive to ever-increasing
endeavor to make this store
a place where every visitor will feel
perfectly at home.
Nearly Ninety Per Cent Held by the
New York. - Nearly 90 per cent
of the outstanding bonds and
certificates issued by the Govern
meet to finance the war are now
In the hands of the public,
according to a statement given
out today by the Government
Loan Organization of the Sec
ond Federal Reserve District.
The statement shows that on
December 29, 1920, the latest
date for which figures are avail
able, approximately $20,431,
777,000 of war issues were being
held by individuals and corpor
ations. The public holds 89.4
per cent of the total issues of.
$22,861,341,000 outstanding.
Banking institutions, at the
close of 1920, were holding about
10.6 per cent of the outstanding
securities as compared with bank
holdings of about 13,7 per cent
on June 30, 1919, of the then
outstanding amount. These fig
ures will be regarded as signifi
cant by the business and the
banking communities inasmuch
as they indicate that during the
eighteen months period from
June 30, 1919, to December 29,
1920, a net amount of over $1,
000,000,000 war securities passed
from the banks to the investing
public. To the extent that bank
ing resources were thus releas
ed for other credit purposes,
commercial activities should
have benefited. On December
29, 1920, the war issues held by
banking institutions for their
own account was approximately
$2,429,564,000 or about 30 per
cent less than the $3,451,184,000
reported as of June 30, 1919.
This indicates an increasing
tendency on the part of the pub
lie to invest in Government
securities and shows a growing
inclination by those investors to
take advantage of the favorable
yields which can be obtained
from the several Treasury issues.
The Government Loan Organiza
tion calls attention to the fact
that not in fifty years have
Goverment securities sold on a
basis so favorable to holders.
The tendency toward absorp
tion of war issues by the invest
ing public, clearly indicated in
these figures, is of considerable
interest to bankers and business
men bent upon improving gen
eral credit conditions. Assuming
that the continued purchase of
Government securities for in
vestment purposes evidence in
creasing practice of thrift and
saving, the nation may well
regard this movement as an
omen of a better day for the
material growth of the country.
It is important to bear in mind
that the only permanent solution
of the general credic situation
lies in replenishing hundreds of
billions of dollars worth of capi
tal destroyed by war. This waste
can be repaired only through
national and individual saving.
One of the safest ways to en
courage investment on the part
of the rank and file is to urge
purchase of U. S. Government
securities, inasmuch as the risk
is negligible.
In this connection the Govern
ment Loan Organization sug
gests to employers that they
take advantage of their contact
with the multitudes of American
earners to explain to them how
easy it is to invest their money
in Government securities. Any
banking institution will gladly
serve them by purchasing for
their account Liberty Bonds,
Victory Notes and the smaller
denomination of Treasury Sav
ings Certificates. All of the
larger post offices sell Savings
securities ranging from 25 cents
to $1000.
The Government Loan Organ
ization asserts that business and
financial leaders can render a
distinct service to the country
and Indirectly to themselves at
this time of depression by help
ing make clear to the public that
every man and woman is aiding
a revival of business activity by
buying Goverment securities
and holding them as investments.
Bo Whiteside, now chief pur
chasing agent for the northern
division of the state highway
department, arrived in Flagstaff
Monday morning from the new
road camp recently located at
Riordan, which outfit is fully
equipped for road work on the
road west. This is Bo's first
meander into the wilds of the
north and he is not as yet used
to our altitude, but having lived
many hundred years in the
southern part of the state, will
soon find his way around. Bo
used to represent Santa Cruz
county in the legislature; he got
so in the habit of it that it was
years before he could pass
the capitol building without
yelling "lr. Speaker. " He was
known as the finest, most highly
polished and eloquent sergeant
at-arms that every happened in
the senate chamber; be set a
pace that all sergeants at arms
since have - attempted to attain
but were disarmed in the at
tempt. The state never had and never
will have but one Bo Whiteside.
When, in the course of the next
hundred years or more, we hope,
it becomes necessary for him to
meet . St. Peter, be will do so
with a flower in his buttonhole,
a genial, warming smile on his
face and the right word of greet
ing in bis mouth for be is wel
come everywhere. The Coco
nino Sun.
The National Good Roads as
sociation has determined that
next year it will come to Phqe
nix for its annual convention.
To have pried this meeting away
from the Atlantic seaboard,
where it has had its habitat for
so many years, is an achieve
ment on which Phoenix and
Arizona delegates may congra
tulate themselves.
-The association is coming to
the right place. Arizona, for
her population and her resources
has a remarkable system of high
ways. Mere boulevard travel
ers, such as the people of the
east, will have their eyes opened
when they go over our magnifi
cent mountain passes on roads
as smooth as ice and as pictur
esque in scenic accompaniment
as the Alps.
They will forget any patron
ization to which they have been
addicted in their stronger atten
tion to highways through the
Cajan swamps of Louisiana or
the dispute as to whether the
wind-swept prairies of Oklahoma
or the sulphur bottoms of Texas
ought to receive first considera
They will find out here a great,
young state, with great, new
roads, built largely by that mas
ter engineer, Tom Maddock.
Phoenix gets the convention,
but, in spite of any acquisitive
work which the capital city may
do, all Arizona will get the be
The Citizen is glad the asso
ciation is coming to Phoenix and
suggests thus far in advance that
Tucson must prepare for a big
and influential delegation o at
tend all the sessions. Citizen.
Hboenix, April. A copy of a
bill before congress designed to
secure lower freight rates for
Arizona shippers has been re
ceived by the rate department
of the Arizona corporation com
mission. This bill was intro
duced in the bouse by Repre
sentative Carl Hayden on April
11, and referred to the commit
tee on interstate and foreign
Under the provisions of the
act to regulate commerce, the
railroads are privileged to charge
more for a shorter haul than for
a longer, in instances where
there is a water competition.
For instance the rate in some
commodity might be $1.25 when
shipped in cargo from an Allan
tic to a Pacific port. In order
to compete the roads have been
allowed to make the same rate
by rail, but from sea board to
Arizona points is greater as a
rule than the through rate.
Phoenix, April. The use- of
the motorcycle as an adjunct in
highway maintenance is suggest
ed in a letter which the state
highway department has sent
out to country boards of super
visors, calling attention to the
fact that a number of Harley
Davidson and Indian machines
have been allotted to Arizona
under the provisions of the Kahn
bill providing for the distribution
of surplus war equipment to the
The machines, it is pointed
out, might be used to good ad
vantage in patrolling roads and
in police work. They can be had
by the counties by payment of the
freight charges, which reduces
the cost to about one fifth the
price usually charged.
The department has turned
down an offer from the govern
ment of 140 standard bicycles,
as it does not have much use for
this equipment. The department
is materially restricting the
amount of Federal equipment
owing to lack of funds.
In this connection it will be
recalled that the legislature in
definitely postponed a bill which
would have given the depart
ment $200,000 to reimburse it for
expenditures made during the
last two years in securing some
thing like $2,000,000 worth of
war equipment.
Recent word from Idaho is to
the effect that the legislature
there passed a similar measure,
and added $200,000 to the exche
quer of the highway authorities
to take care of shipments during
the coming two years. In most
of the other states, appropria
tions were made to cover the
expense of securing such equip
Clobe, Arizona April. Dr. L.
D. Ricketts, vice president of
the Inspiration Consolidated
Copper company and the Inter
national Smelting company,
arrived in Globe yesterday after
noon, accompanied by bis secre
tary John F. Bankerd. The doc
tor will be in the district several
In conversation with interested
parties last night Dr. Ricketts
said that the great stocks of cop
per in this country, for which
there is no market, at the pre
sent time, made it necessary for
producing companies to discon
tinue further production until
there was a much larger demand
for the metal and the enormous
surplus could be reduced. There
is 65,000,000 pounds of copper at
the International Smelter in this
district, with represents more
than $8,000,000 of capital tied
up. And in other copper dis
tricts the producers are carrying
a like burden. Dr. Ricketts said
be realized that the shutting
down of the mines entailed
hardships on the people in this
district, but if the companies
had not taken this step now,
conditions here would have been
much worse next winter. Asked
if his statement implied that
operations would be resumed as
early as next winter, the doctor
said he did not want to be so
quoted, but hoped that condi
tions would improve sufficient by
that time to make resumption of
operations by the companies
The Verde Copper News,
Jerome's afternoon daily news
paper, suspended publication in
the daily field and will publish a
semi-weekly edition until busi
ness condition warrant resump
tion of its six day edition. This
announcement has been made by
Ernest Douglas, manager, and
H. J. Minhinnick, editor, of the
"Business in Jerome has
simply reached the point where
the publication of a daily news
paper in the community is no
longer justifiable," says Douglas,
in a statement regarding the
The Hospital Corps of the U.
S. Navy is about to undergo a
large expansion, according to a
letter received from Commander
Tbos. A. Symington, U. S. N.,
commanding the Navy Recruit
ing Headquarters in Los Ange
les, Calif., by Postmaster Emory
D. Miller.
The authorized strength of
this Corps is some 7000 men and
the members serve with the
Navy afloat and ashore, and
with the marines in the West
Indies, Nicaragua, in the Orient,
South Sea Islands, and in fact
wherever the Navy may be oper
ating which covers the world.
Under the contemplated expan
sion of this popular branch of
the Navy, which has been closed
to enlistments, the Navy Re
cruiting Station commanded by
Commander Symington, is au
thorized to enlist 10 men each
week in addition to men for gen
eral service in the Navy. It is
not an easy matter to enlist in
this desirable branch of the
Navy, as a man must be between
the ages of 18 and 25 years, be
an American citizen, physically
sound and with at least an educa
tion equivalent two years in
highscbool. If he can measure
up to this standard, the accepted
man is sent to the U. S. Navy
Hospital Corps School, at Great
Lates (Chicago) Illinois, where
he receives intensive instruction
in Toxicology, Chemistry, Ma
teria Medica, Pharmacy, Ana
tomy, Physiology, Sanitation,
Hygiene, Nursing, First Aid,
Emergency Surgery and many
other kindred subjects.
Commander Symington, in his
letter, also calls attention to the
fact that young men leaving
school, who are unable to attend
college, are thus given an ex
cellent opportunity to improve
their education and fit them
selves for better positions in
civil life, all while bein excep
tionally well paid. Professions
where this training is of value
in civil life include Medicine,
Surgery, Pharmacy, Publio
Health Work, Sanitation, Den
tistry and other allied branches.
Enlistments are also open in
practically all other branches of
the Navy. Application for en
listment can be made at 818
Union Oil Building, Los Angeles,
California, where further infor
mation may be obtained upon
Another oil shortage on the
Pacific Coast is predicted during
summer months by the Califor
nia bureau of economies. The
bureau says.
High cost of gasoline on the
Pacific Coast is due to result of
shortage of petroleum in Califor
nia. Refiners are selling gaso
line as fast as they can produce
it during the winter. With sum
mer demands for tractors, trucks,
irrigation and pleasure cars,
there is a grave possibility that
the California supply will not fill
coast needs.
Conservation of our oil sup
plies by elimination of waste,
and rapid hydroelectric develop
ment is the most practical means
of averting a shortage.
Attacks on the oil companies
will not produce oil. Prices are
regulated by the law of supply
and demand. Under present con
dition demand is increasing more
rapidly than the California sup
Flagstaff, Ariz., April It is
reported on good authority that a
company is now being organized
to establish aviation grounds at
Grand Canyon. The plan is to
buy two or more airplanes of
great earring capacity and engi
ne power and use them in carry
ing passengers wbo want to cross
to cities in the north and also
for the convenience of any per
sons who may have a hankering
to see the big gorge from the
air, The headquarters will not
far from the El Tovar, and, it is
claimed, the plan is very likely
to be put in operations this summer.

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