anaheim-gazette 1925-10-08

FEDERAL RESERVE HELPS FARMERS How Its Aid to England’s Return to a Gold Standard Benefits American Agriculture. By M. A. TRAYLOR Second Vice President American Bankers Association. There has been no more important event for the American farmer and stock man since the Armistice than the recent return of Great Britain to a gold standard. It seems a long distance from the Montana farm to the gold vaults of the Bank of England, but the price the farmer gets for his wheat and cattle depends not a little on that gold. The farmer sells his wheat to the elevator man and yet the real buyer, in many cases, is an Englishman, a Frenchman, a German, or an Italian. About one-third of the wheat crop is usually sold abroad and this part is a large factor in fixing the price of the entire crop. Between the farmer and the foreign buyer there are many steps. In recent years the most important step has been that at which the foreign buyer has to pay the American exporter, for the international mechanism of payment has been badly out of order because Europe was off the gold standard. It was just as though an English buyer drove up to your farm house, bargained for your wheat and drew up the contract. But when you discussed payment, he said: "I'm sorry I haven't any good United States money to pay" LEGION NOTES Far-reaching action bearing on the present controversy as to the government's aviation policy is expected to be taken at the national convention of the American Legion at Omaha next week, according to advises received here by State Adjutant James K. Fisck of the California department of the Legion. Several state departments of the Legion have already passed resolutions favoring a unified air service. In view of the statements made in the city last week by Captain John Rogers, commander of the recent Hawaiian flight trip, the California department has been asked to delay action on the air service question until the delegates to the Omaha meeting have had time to talk over the situation, according to Adjutant Fisck. Eight thousand more World war veterans are being hospitalized by the United States Veterans' Bureau at present than were being cared for a year ago, according to a report received by States Commander Allen B. Bixby of the American Legion. Four out of every five of those veterans are being hospitalized in their home states. California has a larger number of veterans in her government hospitals than ever before. The report received by Commander Bixby also shows that only 15 per cent of the 4,500,000 men-insured by the government for $40,000,000 during the war are now carrying government insurance. California delegates to the national convention of the American Legion, which convenes in Omaha next week, will proudly carry their new Bear Flag, recently presented to the Legion by the Grand Parlor of Native Sons. Many of the California posts are sending their local unit colors, which will be grouped and carried in the parades, together with the national and state colors. By special train, the California delegation to the national meeting of the American Legion at Omaha, October 3-9. THE PENGINES Farm Accounting Methods and Biggest (From Bar) A farm cannot successful unless of interest on the turns fair wages bor. Agriculture odds the most in the world, and try is the business. It is common to an investment on thousand dollars books? Perhaps note now and th deal, but this is analysis of his b No other industry carried on with sort. Farming is a successful must businesslike way mind should have upon it two questions my business make profit be increased ter, one must find to find out about keeping of books. It is not necessary have a course l most every agriculture country has issued accounting book and only a few each day to jet penings. Accounts l Instances num where farmers hinge their business nineteen farmers to improve o Between the foreign buyer there are many steps. In recent years the most important step has been that at which the foreign buyer has to pay the American exporter, for the international mechanism of payment has been badly out of order because Europe was off the gold standard. It was just as though an English buyer drove up to your farm house, bargained for your wheat and drew up the contract. But when you discussed payment, he said: "I'm sorry I haven't any good United States money to pay you with; I'll have to pay you in my English paper money, which isn't worth its face value in gold. I don't know what it may be worth next week, but that is your risk." A Deadly Fee of Trade How many would be willing to sign contracts on this basis? Yet that is the way most of the world's trade has had to be carried on since the Armistice. In practically all countries except the United States the currencies have had no fixed value in gold, but have changed in value from day to day. Whenever one country sold anything to another country, somebody had to take the risk of loss because the value of the money might change before payment was made. Such uncertainty of payment is a deadly foe of trade, and people were afraid to do any larger international business than they had to. Exports of food stuffs from the United States fell from two and a half billion dollars in 1919 to eight hundred millions in 1923, and the difficulties of European buyers in making satisfactory payment for American farm products was one of the large factors in the drop in the prices of farm products. But now the recent action of Great Britain in declaring that it will again redeem its paper money in gold means that British buyers of American products can pay for them with money which is accepted the world over at its face value in gold. With the return of Great Britain to the gold standard, a majority of the countries of Europe have paper currencies equal to gold. How Reserve Banks Helped American bankers have assisted in the British return to the gold standard by giving a $100,000,000 credit to the British government. But more important than this was the action of the Federal Reserve Banks in granting the Bank of England material co-operation. They placed $200,000,000 gold at the disposal of the Bank of England for two years, to be used by it, if necessary, in maintaining the gold standard. The readiness of the Reserve Banks thus to co-operate was an important influence in the willingness of the British to take this all important step. This action of the Reserve Banks was a most constructive step in aid of American farmers and producers who will benefit greatly by the re-establishment of California delegates to the national convention of the American Legion, which convenes in Omaha next week, will proudly carry their new Bear Flag, recently presented to the Legion by the Grand Parlor of Native Sons. Many of the California posts are sending their local unit colors, which will be grouped and carried in the parades, together with the national and state colors. By special train, the California delegation to the national meeting of the American Legion at Omaha, October 3-9, are to leave San Francisco on Thursday. Headed by State Commander Allen B. Bixby and State Adjutant James K. Flisk, the Legionnaires and their friends en route to the annual convention are to travel over the Western Pacific railroad from San Francisco and are to make two stops, while en route to the convention, at Salt Lake City and at Colorado Springs, where they will be entertained by local posts of the Legion and service clubs. A carload of California oranges is to be taken along by the delegation for distribution along the way. A live grizzly bear is to head the California delegation in the big parade at Omaha. The delegates from this state have adopted a uniform of white, to be topped off with blue and gold sashés and Spanish hats. An elaborate exhibit, electrically operated and illustrating the industries of Southern California, will be carried to Omaha by the delgates in their effort to emphasize the many attractive features of California. The annual national convention at Omaha is to be the most pretentious yet held by the ex-service men's organization and is to be addressed by President Coolidge. Every American Legion post in California has been instructed by Major Walter Garrison, chairman of the Legion's state rehabilitation committee, to search the "potter's field" in the cemeteryes of their respective communities to hunt out the graves of any World war veterans who may be buried therein. The posts have been instructed to make provision for the transfer of all war veterans' bodies which may be found in the "potter's field" to more hallowed ground. 20 YEARS AGO IN MOTORDOM M. T. Hancock, who in the papers of 1905 was called the "millionaire automobile" crank, offered to bet $100 that his machine could cover the distance between Los Angeles and the Santa Monica city limits in 15 minutes. The newspaper publishing this challenge wanted to know why the state authorities did not arrest him. A noted English physician announced that the possession of a motor car is a matter of great importance to the man whose nervous system is on the rack. It is not necessary have a course here most every agricultural country has issued accounting book and only a few each day to jet penings. Accounts L Instances numb where farmers having their business nineteen farmers to improve the operation of their farmed approximately age not income year they had k An Iowa farmerthe first year he fed to livestock than when sold showed that his compared with state, he found cultivated per well as the number were below average land and replains the crop areas were increased scrubs and bounces second year his farm, after pay interest on the been increased o Costs Car "I have discovered bookkeeper," thou you have on a particular team, variation in certain tasks,the pages of my have increased t field by two bus bushels w substantial profit While the farmto fix prices ondo have a volc costs of product cost they must costs are. The number keeping books o increased remarbuthe number ers is woefully alongside she sters in th count inventory The basis of a counting is theror inventory. Of thofarm rec into considerat creases in therowned gauge business. Lack value of his procn form an acco he stands finance may be due to sell or increase Federal Reserve Banks in granting the Bank of England material co-operation. They placed $200,000,000 gold at the disposal of the Bank of England for two years, to be used by it, if necessary, in maintaining the gold standard. The readiness of the Reserve Banks thus to co-operate was an important influence in the willingness of the British to take this all important step. This action of the Reserve Banks was a most constructive step in aid of American farmers and producers who will benefit greatly by the removal of this element of uncertainty from their export transactions. If all the sins of omission and commission charged against the Federal Reserve System by banker, business man, live stock man or political blatherskite in the last five years were true, and practically none of them are, the services rendered commerce and industry by the System in connection with the restoration of the gold standard in so large a part of the world would far outweigh any mistakes that those in charge of the System may have made. No banker, business man or farmer should permit any self serving declaration by favor seeking demagogue to swerve him from a determination to see that the System is maintained for the future welfare of the country. Fundamentally conditions are very sound and we are doing a very large volume of business, no little part of which is due to the equalizing and stabilizing effect exercised by the Federal Reserve System on the credits of the country. Throughout all the stress of the last five years there have been no times of either stringency or plethora of bank credit. Rates have run along on a rather level keel and in my judgment have had much to do with the stable volume of business which we have enjoyed, and which is quite contrary to the old experience of the aftermath of panics. With a credit structure such as only the Federal Reserve System can guarantee, I feel we need have no apprehension but on the contrary sound optimism for the economy. M. T. Hancock, who in the papers of 1905 was called the "millionaire automobile" crank, offered to bet $100 that his machine could cover the distance between Los Angeles and the Santa Monica city limits in 15 minutes. The newspaper publishing this challenge wanted to know why the state authorities did not arrest him. A noted English physician announced that the possession of a motor car is a matter of great importance to the man whose nervous system is on the rack all day. He said the motor vehicle as a curative agent has a peculiar value in certain abnormal conditions of the nervous system, especially in cases of nervous depression. A newspaper in Worcester, Mass., stated that in view of the increasing number of automobile casualties, the people might yet be forced to dig cellars to avoid the "cyclones of the road." The automobile was heralded as a splendid means of transporting large sums of money. This was due to the fact that desperadoes attempted to steal $40,000 in cash that was being conveyed in Oklahoma by automobile. The machine had no difficulty in outrunning the horses of the bandits and the cash was saved. The state of Washington passed a new auto law that was said to be fairly reasonable. It provided for a state tax of $2 and no other tax. Speed limits were fixed at 12 miles an hour in the cities, four miles at crossings, and 24 miles on the open road. The anthracite miners dropped their tools and went out on strike cheering and singing. Everybody seems to be happy but the public. One good way to stop war would be to eliminate those fellows who send out the encouraging official bulletins from the various battle fronts. What the country needs is a method of berth control that would induce the Pullman people to restore the ancient rate of $2 for a lower. THE PENCIL MAKES A FARM PAY BETTER Farm Accounting Reveals Losing Methods and Points Way to Bigger Profits. (From Banker-Farmer) A farm cannot properly be called successful unless it pays a fair rate of interest on the investment and returns fair wages for the farmer's labor. Agriculture is considered by all odds the most important industry in the world, and yet in no other industry is the business end so neglected. It is common to find a farmer with an investment of fifteen to twenty thousand dollars, yet does he keep books? Perhaps he may jot down a note now and then of an important deal, but this is of no value in an analysis of his business as a whole. No other industry, however small, is carried on without books of some sort. Farming is a business and to be successful must be conducted in a businesslike way. The business man's mind should have indelibly printed upon it two questions: What profit is my business making? How can that profit be increased? To know the latter, one must find out the former; and to find out about profits requires the keeping of books. It is not necessary for a farmer to have a course in bookkeeping. Almost every agricultural college in the country has issued a simplified farm accounting book which it sells at cost, and only a few minutes are required each day to jet down the day's happenings. Accounts Increase Profits Instances number a thousandfold where farmers have profited by knowing their business. Accounts kept by nineteen farmers in Illinois led them to improve the organization and oper- NOTICE TO CREDITORS ESTATE OF KARL RUHMANN, DECEASED. Notice Is Hereby Given, by the undersigned administrator of the estate of Karl Ruhmann, deceased, to the creditors of and all persons having claims against the said deceased to file them with the necessary vouchers in the office of the Clerk of the Superior Court of the County of Orange, State of California, or to exhibit the same with the necessary vouchers to the said administrator at his place of business, 203-4 First National Bank Building, Anaheim, California, in the County of Orange, within four (4) months after the first publication of this notice. Dated this 1st day of October, 1925. PETER SYRE, Administrator of the Estate of Karl Ruhmmann, Deceased. 9-8-5t STATEMENT OF THE OWNERSHIP, MANAGEMENT, CIRCULATION, ETC., REQUIRED BY THE ACT OF CONGRESS OF AUGUST 24, 1925. STATE OF CALIFORNIA, COUNTY OF ORANGE Before me, a Notary Public in and for the State and county aforesaid, personally appeared Theodore B. Kuchel, who, having been duly sworn according to law, deposes and says that he is the Business Manager of The Anaheim Gazette and that the following is, to the best of his knowledge and belief, a true statement of the ownership, management for the aforesaid publication for the date shown in the above caption, required by the Act of August 24, 1912, embodied in section 411, Postal Laws and Regulations, printed on the reverse of this form, towit: 1. That the names and addresses of the publisher, editor, managing editor, and business manager are: Name of Publisher, Henry Kuchel, Anaheim, California. Editor, Henry Kuchel, Anaheim, California. Managing Editor, Henry Kuchel, CHURCH CALENDAR Baptist, Calvary Baptist Woman's Union, first Thursday, all day. World Wide Guild, last Friday evening. Baptist Young People's Union, every Sunday evening. Sunday School, Eulogia Class, first Tuesday evening. Sunday School Fellowship Class, fourth Tuesday evening. Baptist, German Ladies' Aid Missionary, first Thursday afternoon. Sunday School, Philathea Class, first Tuesday evening. Bible Classes, Non-Sectarian Bible Study Class, every Wednesday afternoon. Cottage Bible Class, every Monday evening. Catholic, St. Boniface Young Ladies' Institute, first and third Tuesday evening. Young Men's Institute, second and fourth Tuesday evening. Episcopal, St. Michael's Helpers' Guild, second and fourth Thursday afternoon. Evangelical Woman's Missionary Society, first Thursday afternoon. Young Women's Missionary Circle, third Tuesday evening. Ladies' Aid Society, third Thursday afternoon. League of Christian Endeavor, every Sunday evening. League of Christian Endeavor, Social, second Friday evening. Lutheran, Grace Ladies' Aid Society, first Thursday afternoon. Walther League, second Tuesday evening. Methodist Episcopal White Temple Ladies' Aid Society, first Thursday afternoon. Women's Foreign Missionary Society, second Thursday afternoon. W.F.M.S., King's Heralds, second Saturday afternoon. Woman's Home Missionary Society, third Thursday afternoon. Epworth League (Departmental), every Sunday evening. It is not necessary for a farmer to have a course in bookkeeping. Almost every agricultural college in the country has issued a simplified farm accounting book which it sells at cost, and only a few minutes are required each day to jet down the day's happenings. Accounts Increase Profits Instances number a thousandfold where farmers have profited by knowing their business. Accounts kept by nineteen farmers in Illinois led them to improve the organization and operation of their farms in ways that added approximately $650 to their average net income in 1922, the seventh year they had kept accounts. An Iowa farmer found at the end of the first year he kept books that crops fed to livestock brought more money than when sold outright. His figures showed that his cows were poor; compared with other farms in the state, he found the number of acres cultivated per man on his farm, as well as the number of acres per horse, were below average. He rented more land and replanned his fields, so that the crop areas per man and horse were increased. He sold some of his scrubs and bought good cows. The second year his income from the farm, after paying all expenses and interest on the money invested, had been increased over $350. Costs Can Be Regulated "I have discovered," says one farm bookkeeper, "that the kind of man you have on a job, as well as the particular team, often makes quite a variation in the cost of performing certain tasks. I have learned from the pages of my book that if I could have increased the yield of my wheat field by two bushels and my corn by five bushels I would have realized a substantial profit from them." While the farmers may not be able to fix prices on their products, they do have a voice in determining the costs of production. To reduce this cost they must first know what the costs are. The number of farmers who are keeping books on their business has increased remarkably in recent years, but the number of businesslike farmers is woefully small when listed alongside the sum total of the farmers in the country. Inventory is indispensable The basis of any system of farm accounting is the annual property list or inventory. It is the starting point of the farm records. One must take into consideration decreases or increases in the value of all property owned to gauge the progress of the business. Lacking facts as to the value of his property, no business man can form an accurate estimate of how he stands financially. Increased cash may be due to property which was sold, or increased debts may be due to keeping of books. For Cleaning—PHONE 971 or 1234-Wand ask for Fred & Harvey Dependable Cleaners "FROM CELLAR TO ATTIC" 156 West Center NOTICE OF LIQUIDATION The Golden State National Bank of Anaheim, located at Anaheim, in the State of California, is closing its affairs. All note holders and other creditors of the association are therefore hereby notified to present the notes and other claims for payment. E. E. SMITH. Cashier. Dated July 24th, 1925. NOTICE OF ASSESSMENT Anaheim Union Water Company, location of principal place of business, 303 E. Center Street, Anaheim, California. Notice is hereby given that at a meeting of the Board of Directors, held Inventory is indispensable. The basis of any system of farm accounting is the annual property list or inventory. It is the starting point of the farm records. One must take into consideration decreases or increases in the value of all property owned to gauge the progress of the business. Lacking facts as to the value of his property, no business man can form an accurate estimate of how he stands financially. Increased cash may be due to property which was sold, or increased debts may be due to improvements made. If a farmer is falling behind, the inventory will emphasize this fact. Often when a man is discouraged and thinks he is making no progress, his inventories will tell him that he is better off than he thought. At the end of each year a financial statement is drawn off. This is the farmer's rating and no farmer with a good financial statement need fear walking into a bank and asking for a loan. BANKERS HELP A bank in Monrovia, Ind., tests seed corn for farmers. A basement room was fitted out last season for the purpose and 25,000 ears were tested for fifty-six farmers. One-fourth of the seed tested last year was unfit for seed. This year the percentage will run even higher. The work is done under the supervision of the high school agricultural teacher. He reports that the community will have a surplus of seed corn this year. The banks of Conway, Ark., have offered prizes for the most marketable sweet potatoes produced on one acre of land. A first prize of $150 is offered, along with three district prizes of $50 each. The county agent and the banks are working out the details. The County Bankers Association will help to employ a full time county leader this year for boys' and girls' club work in Calhoun, Cherokee and Buena Vista counties, Iowa. NOTICE OF ASSESSMENT Anaheim Union Water Company, location of principal place of business, 303 E. Center Street, Anaheim, California. Notice is hereby given that at a meeting of the Board of Directors, held on the 21st day of September, 1925, assessment No. 65 of $5.00 per share was levied on the capital stock of the corporation, payable at once to the Secretary of the Company, at Anaheim, Orange County, California. Any stock upon which this assessment shall remain unpaid on the 14th day of November, 1925, will be delinquent and advertised for sale at public auction and unless payment is made before, will be sold on the 21st day of December, 1925, at one o'clock p.m., to pay for delinquent assessments, together with cost of advertising and expense of sale. ANAHEIM UNION WATER CO. L. J. SHERIDAN, Secretary. BUY RADIO TUBES DIRECT C. O. D. by Parcel Post, If Desired 201 A-TYPE—GUARANTEED Amp. ¼-Volts 5—Standard Base —Price $1.65— FRANCES CO. 1528 San Lorenzo Ave., Berkeley, Cal. FOR SALE 160 acres alfalfa land, located in Boise Valley, Idaho; two sets buildings; 80 acres in crop; fine for hogs, dairying and poultry; 12 miles from county seat, one mile from church and school; 800 chickens and 8 cows go with place. For information address Box 111, Notus, Idaho. PROFESSIONAL Cards Mary L. Johnson Marcelling and Shampooing Phone 1054 205 North Lemon St. Anaheim, California J. C. Osher, D.D.S., M.D. PHYSICIAN AND SURGEON EVE, EAR, NOSE AND THROAT ORAL SURGERY—GLASSES Don’t Delay In Having Your Headlights Adjusted Official Headlight Adjusting Station AUTOMOTIVE ELECTRIC CO. 234 S. Los Angeles St. J. W. TRUXAW, M. D. Physician and Surgeon OFFICE PHONES Home 753-1 Sunset 341-J Residence, 887 S. Los Angeles St. RESIDENCE PHONES Pacific 341-M Home 758-2 HOURS: 11-12; 2-4; 7-8 Golden State Bank Bldg. Cor Center and Los Angeles Sts. ANAHEIM, CAL. DOCTORS B. FRANKLIN BADGLEY and JENNIE A. BADGLEY Selenile Chiropractors, Dietitians and Iridrologisticians Seventh Year of Practice Phone Service 1128—Day or Night House calls for Acute or Chronic Diseases Res. and Office, 406 N. Los Angeles St. First residence north of Ford Garage "Look for the Human Electric Sign at Night" "A Well Man is NEVER a Grouch" Johnston-Wickett Clinic Anaheim, California Hours: 8:00 A.M. to 5:00 P.M. BLUE PRINTS Negatives, Blue and Black Lines New Machinery Official Headlight Adjusting Station AUTOMOTIVE ELECTRIC CO. 234 S. Los Angeles St. Clinic Anaheim, California Hours: 8:00 A.M. to 5:00 P.M. BLUE PRINTS Negatives, Blue and Black Lines New Machinery WRIGHT BLUE PRINT SHOP Phone 2681-W 403 N. Birch Street Santa Ana California "Buy in Orange County" Hours: Except Sundays, 8 to 12—1 to 5:30 Residence 1169-J Dr. Walter R. Blakely OPTOMETRIST-OPTICIAN We Do Our Own Lens Grinding 185 W. Center St. Anaheim, Calif. SCHNEIDER'S MARKET 131 West Center Street QUALITY MEATS We Deliver. Phone 40 University Type Poultry House We have a complete set of plans and specifications, together with suggested prices. Ganahl-Grim Lumber Company 501 E. Center St. Phone 35 Anaheim, Calif. "BETTER SERVICE" It is our endeavor to render Better Service to our patrons with the aid of our "BETTER SERVICE" It is our endeavor to render Better Service to our patrons with the aid of our Plan Book Service Built-in Fixtures, Dust-Proof Finish Sheds Adams-Bowers Lumber Co. "BETTER SERVICE" H. M. Adams A. C. Bowers E. L. Bowers ANAHEIM FEED AND FUEL CO. Dealers in GRAIN FLOUR SEEDS WOOD COAL HAY Phone 317 W. D. GRAFTON, Prop. Public Weighing Scales