anaheim-gazette 1924-06-19

THE TICKET AND PLATFORM The outstanding feature of the 18th National Convention of the Republican party, which has just concluded its labors, was the voicing by the delegates of their faith in Calvin Coolidge. The President and his running mate, Chas. G. Dawes, another striking example of sterling American manhood, go before the voters on a platform which should win for the Republican ticket the votes of many Democrats. The platform is free from political bunkum. It is an honest, straightforward statement of the things for which the Republican party stands. A brief summary of the platform shows that the President and his party are pledged to governmental economy; to tax reforms that will still further reduce the burden of taxation; that the strictest scrutiny will be made so that the integrity of the Budget System may be preserved. It declares that the Republican administration slashed $200,000,000 from the cost of government and eliminated 50,000 employees from the payroll; that the Administration lifted the tax burden some $1,250,000,000 per annum, at the same time reducing the public debt by over $2,500,000,000. The platform refers to the fact that in 1920, when the Republicans took office, that there were about three million men out of work in the country and that today there is little if any unemployment. The party is pledged to give to the farmer all necessary government assistance in organizing and establishing a system for the cooperative marketing of agricultural products. It promises to aid and simplify as well as the cheapening of our marketing and distributing machinery. It promises departmental help in diversified farming and if necessary, direct financial aid during the transition period of diversification. There is also a pledge to oil for anything except oil and to require competitive bidding. The recommendation in favor of this legislation proves the contention made by Secretary Denby and Secretary Fall that present legislation authorizes exactly what was done. If these laws do not authorize the sort of leases that were made, then there is no reason for new legislation. The only apparent irregularity was in connection with the loan by Mr. Doheny to Secretary Fall. Even this is not yet shown to be corrupt. But even if it were a corrupt transaction it was disclosed many months ago and is the only feature that can be construed as reflecting upon the good faith of the leases. The public will remember that strenuous efforts were made to show that prominent officials had been given advance information as to the oil leases by means of which information they were able to speculate in Sinclair oil stock and thus make enormous fortunes. The Walsh Committee is compelled to admit that there was no valid evidence in support of that charge. The Committee also refuses to give its sanction to the voluminous and highly sensational testimony, of a hearsay nature, to the effect that the oil leases played a prominent part in the epublican National Convention of 1920. Nevertheless, the public was for months given a picture of widespread corruption in high official places. Because of the sensational character of testimony given by disreputable witnesses, the people of the country were induced to discredit the honesty of their officials and now, after public interest has subsided, little attention is given to the report of the Committee which shows that this distract was wholly unjustified. The Committee is compelled to admit that the legislation under which the leases were made was urgently recommended by Secretary Daniels dur any unemployment. The party is pledged to give to the farmer all necessary government assistance in organizing and establishing a system for the cooperative marketing of agricultural products. It promises to aid and simplify as well as the cheapening of our marketing and distributing machinery. It promises departmental help in diversified farming and if necessary, direct financial aid during the transition period of diversification. There is also a pledge to continuous and vigorous efforts to strengthen and broaden the export markets. In the matter of railroad rates, there is a declaration for a revision with a view to reduce the rates on agricultural products. Aid for good highways is urged. The new immigration law is indorsed. In the matter of prohibition, there is a declaration infavor of law enforcement. There is also a declaration that guilt is personal and a pledge to publish every individual found guilty of fraud against the Government. There is a declaration to extend exory aid, financial and otherwise, to the disabled veterans of the late war. There is a provision asking that the President be given power, in time of war, to draft every citizen of the United States, so that capital, labor and, in fact, every resource of the Naiton will do its part, share and share alike. This would mean elimination of the profiteer and the slacker during the periods of national strife. The World Court plan is indorsed, but there is a renewed announcement that the United States will have no participation in the League of Nations. The Republican party, through Temporary Chairman Burton, called attention to the fact that during the epublican administration taxes have been reduced; peace restored with Germany; the suffrage amendment ratified; millions of dollars have been spent on the disabled soldiers; the tariff has been revised so as to produce more revenue and lessen taxes; that there is a lack of unemployment; that good wages obtain; that more legislation has been enacted for the benefit o f the farmer than during any session of Congress for 50 years (even William Jennings Bryan has publicly admitted this fact); that peace in Europe has been aided by the Dawes Commission; that the Budget System, a epublican measure, in the first year o fits being, resulted in the reduction of $800,000,000 from the estimates submitted; that the enbli Because of the sensational character of testimony given by disreputable witnesses, the people of the country were induced to discredit the honesty o their officials and now, after public interest has subsided, little attention is given to the report of the Committee which shows hat this district was wholly unjustified. The Committee is compelled to admit that the legislation under which the leases were made was urgently recommended by Secretary Daniels during the Wilson Administration, and the legislation was signed by President Wilson. It is admitted that by reason of his failure to make leases Secretary Daniels permitted vast quantities of oil to be drained from the reserves through wells sunk on adjoining land. It is admitted that leases are still desirable, the only difference of opinion being as to the extent to which leases should be made and the manner of receiving bids. Thinking is a fine habit. Lots of men are now in the penitentiaries because they "didn't think." SAVINGS Story of Growth As shown by our Resources April 30, 1920 ... $209,4 April 30, 1921 ... 376,2 April 30, 1922 ... 473,7 April 30, 1923 ... 730,3 Apirl 30, 1924 ... 941,4 CERTIFICATES We Pay 6 per cent Interest, Payable Carlyly on Time Certificates. that there is a lack of unemployment; that good wages obtain; that more legislation has been enacted for the benefit o f the farmer than during any session of Congress for 50 years (even William Jennings Bryan has publicly admitted this fact); that peace in Europe has been aided by the Dawes Commission; that the Budget System, a epublican measure, in the first year o fits being, resulted in the reduction of $600,000,000 from the estimates submitted; that the epublican party does not stand for the cancellation of war debts owed to us by foreign countries and for which our people paid; that a packing bill to protect the staock raisers was passed; that a cooperative marketing act was passed. The dominant note of the entire convention proceedings was as Mr. Burton voiced it, "the people—and all of the people — have confidence in Calvin Coolidge." MOUNTAIN AND MOUSE After all the maze of charges, the examination of an army of witnesses, the expenditure of an immense expense fund, and shameless efforts to connect innocent men with supposed scandals, the report of the Oil Investigating Committee recently filed in the Senate discloses no facts other than those which were developed early in the investigation. It is thus proven that prolongation of the investigation had no other effect han to create political thunder for the campaign. Senator Walsh, who acted as prosecutor for the Committee, recommends the enactment of laws to prohibit leases except for protection from drainage, to prohibit the exchange of NOTICE OF SALE PROPERTY BY TRUSTEE UNDER DEED OF TRUST WHEREAS, S. Rush Coate, also known as S. R. Coate, and Rose Coate his wife, as Trustors, executed a certain Deed of Trust dated December 28th, 1921, to the Orange County Title Company, a Corporation of Santa Ana, California, as Trustee, for the benefit and security of W. H. Swett and E. H. Metcalf, as Beneficiaries, to secure the payment of five certain promissory notes, made by S. Rush Coate and Rose Coate, aggregating the sum of Twenty Thousand ($20,000.00) Dollars, each of said notes being dated December 28th, 1921, and each of said notes being for the sum of Four Thousand ($4,000.00) Dollars, due respectively on January 1st, 1923, January 1st, 1924, January 1st, 1925, January 1st, 1926, and January 1st, 1927, payable to W. H. Swett and E. H. Metcalf or order, with interest from January 1st, 1922, until paid, at the rate of six per cent per annum, payable semi-annually, which said Deed of Trust was recorded January 21st, 1922, in Book 409, page 309 of Deeds records of Orange County, California, and conveys the following described property: All that certain real property situated in the Rancho San Juan Cajon de Santa Ana, County of Orange State of California, described as follows: The East one-half (E½) of the North-west quarter (NW¼) of the North-east quarter (NE¼) of Section Twenty-two (22), Township Four (4) South, Range Ten (10) West, S. B. B. & M., estimated to contain 20 acres. Reserving therefrom for roads, railroads and ditches a strip of land 30 feet wide, along, adjoining and each side of the Township and Section lines and a strip of land 15 feet wide, along, adjoining and each side of the quarter Section lines, also reserving the use and control of clenegas and natural streams of water, if any, naturally upon flowing across into or by said described tract and reserving being paid to January 1st, 1924, WHEREAS, W. H. Swett and E. H. Metcalf owners and holders of all said notes, except the one maturing January 1st, 1923, which note had theretofore been paid in full, did on March 5th, 1924, declare the whole sum of $16,000.00, the aggregate principal sum of said unpaid notes and interest thereon from January 1st, 1924, and all other sums secured by said Deed of Trust immediately due and payable, and did on said March 5th, 1924, execute a written Declaration of the above mentioned default under and pursuant to the provisions of said Deed of Trust, and on said March 5th, 1924, did make demand in writing that said Orange County Title Company sell all the property described in said Deed of Trust under the terms thereof and in the manner therein specified, to accomplish the objects of the Trusts created by said Deed of Trust, and on said March 5th, 1924, delivered said Declaration of Default and Demand for Sale to said Orange County Title Company, WHEREAS, said W. H. Swett and E. H. Metcalf thereafter on March 12th, 1924, did cause to be recorded in the office of the Recorder of Orange County, California, a notice of the above mentioned breach and default in the payment of said note for $400.00 maturing January 1st, 1924,and notice of their election to cause the said Orange County Title Company to sell all the property described in said Deed of Trust after three months shall have elapsed following the recordation of said notice, to satisfy the said obligations evidenced by said unpaid notes and secured by said Deed of Trust, WHEREAS, more than three months have now elapsed since the recording of said notice and the said sums and obligations secured by said Deed of Trust remain unpaid. NOW THEREFORE,pursuant to said notice recorded March 12th, 1924,and to said demand of March 5th,1924,and in accordance with the terms and under the authority of the hereinabove mentioned Deed of Trust NOTICE IS HEREBY GIVEN that the Orange County Title Company will on the 12th day of July, 1924,the hour of eleven o'clock A.M.at the South front door of the Court House in the City of Santa Ana，County of Orange，State of California，by virtue Thirty-Fifth Annual Statement of the Savings, Loan and Building of Anaheim, California, April 30, 1924 of Growth on by our Resources $209,405.75 376,260.16 478,777.72 730,384.57 941,404.64 TERTIFICATES Time Interest, Payable Quart-Time Certificates. RESOURCES Loans on Real Estate $887,700.00 Loans on Shares 11,320.00 Shares Due 420.00 Interest Due 555.20 Fines Due 59.15 Advances Secured 49.72 Furniture and Fixtures 1,200.00 Cash on Hand 40,100.57 LIABILITIES Shares, Installment $- Shares, Dividends $- Advance Shares $- Advance Interest $- Loans, Incomplete $- Investment Certificates and Bills Payable $- Reserves and Undivided Profits $- Sundry Ledger Accounts $- RECEIPTS Cash on hand April 30, 1923 $9,294.37 INTEREST, PAYABLE QUARTER-TIME CERTIFICATES. BILL OR WRITE Enter Street., Anaheim Phone 705 Established 1889 S and DIRECTORS President Vice-President Secretary Assistant Secretary Attorney FINAL BANK ... Depository Herman Stern August Backs Wm. Wallop Schumacher KRAEMER BLDG. ENTER ST., ANAHEIM Phone 705 INTEREST Due ... 555.20 Fines Due ... 59.15 Advances Secured ... 49.72 Furniture and Fixtures ... 1,200.00 Cash on Hand ... 40,100.57 $941,404.64 RECEIPTS Cash on hand April 30, 1923 ... $ 9,294.37 Installment Shares, Due ... 84,600.25 Interest Received ... 63,594.24 Fines ... 189.65 Entrance Fees ... 80.25 Loans Repaid ... 132,870.00 Investment Certificates ... 215,805.00 Ledger Advances ... 1,149.18 $507,582.94 STATE OF CALIFORNIA COUNTY OF ORANGE We solemnly swear that the foregoing values, upon which this report is based, are set forth herein are true, and that the assent of the best of our knowledge and beholden Subscribed and sworn to before me. Richard Melrose, this 2nd day of May, 1924. RICHARD MELROSE, Notary Public C. F. GRIM, President FRED A. BACKS, Jr. Secretary. The Office Without Ante-Rooms The entire organization of the Anaheim National Bank is gathered under one roof. There is no direct "head office" where final judgment must be passed on important matters. Step into the Anaheim National Bank and every officer of the bank is right at hand, ready to give personal attention to your problems and requirements. At this bank you transact your business at headquarters. This is your home bank; make it your bank home. Anaheim National Bank OFFICERS n. A. Dolan, Prest. Jno.A.Wents, V.-P. A. B. McCord, Cash. R. L. Phegley, Asst. Cashier Anaheim National Bank OFFICERS n. A. Dolan, Prest. Jno.A.Wents, V.-P. A. B. McCord, Cash. R. L. Phegley, Asst. Cashier DIRECTORS n. A. Dolan, Fred C. Rimpau, J. J. Dwyer, J. H. Wents, B. Fisher, D. Jessurun, A. B. McCord Carey Us for Job Printing Payment of the BUILDING ASSOCIATION CALORNIA, LIABILITIES Installment $269,226.00 Dividends 60,923.06 Matures 458.75 Interest 111.45 Complete 33,102.08 Certificates and Vehicle 560,220.00 Undivided Prodiger Accounts 16,688.89 674.41 $941,404.64 To Investors Reasons Why You Should Be An Investor in the SAVINGS, LOAN & BUILDING ASSOCIATION OF ANAHEIM BECAUSE loans are made only on Real Estate secured by First Mortgage or Deed of Trust, repayable in monthly instalments. BECAUSE you get all your money earns Investor in the SAVINGS, LOAN & BUILDING ASSOCIATION OF ANAHEIM BECAUSE loans are made only on Real Estate secured by First Mortgage or Deed of Trust, repayable in monthly instalments. BECAUSE you get all your money earns and dividends are payable annually. BECAUSE you can invest at any time and your money is subject to withdrawal. BECAUSE the Association is under the supervision of the Building and Loan Commissioner, who is appointed by the Governor of the State of California. BECAUSE our Board of Directors are men of affairs and give their personal supervision to the loaning of all funds. To Borrowers Loans are made in the modern way—repayable in small monthly installments. Why pay rent when your rent money will buy you a home? We loan money to buy, build or improve your property.