The Gilmer Mirror (Gilmer, Tex.), Vol. 9, No. 44, Ed. 1 Monday, May 5, 1924 Page: 3 of 4
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' GILMER DAILY MIRROR "T.
HOT
Hot Rolls for dinner and sup-
buuscribe ror the Mirror.
THB OWL GARAGE
448
RAGS! RAC
281tt
0e-
County Auditor—N. M. Har-Rose
89c
FOR SALE
25c Per Pound
WINN’S DRUG STORE
I—B. B. Bled- CARBON —Large-skeets
for enbroidery, or typewriter
tf
size at Mirror office.
VISM5 Grocery
: e
for Your Product
MAGNOLENE
FORD OIL
==
COW SCALPERS
==
ness is on a sure foundation.
5
MAGNOLENE FORD OIL I
LESSON VII
SS
ELWIN QUINN, Manager
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fl
00000000000000000000000000000000000000900000900000000
s
4. H. Puelicher
EVERYTHING ELECTRIC
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' THE TIMID BORROWER
‘ k*
living room,
r
s
1
I
1
1
6
200-lb barrel of
. Bulk Cocoa
= Reduces carbon formation and
= oil consumption.
Emerald green
Sky Blue
Royal blue
a
—Precinct Ni
soe.
1
Advertising Is the greatest
modem wonder. ••
S
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g
Following is a directory of
County Officers.
District Clerk—Claude Ray
County Judge—S. J.Moughon.
County Clerk—Ramah Oliver.
County Attorney—G. L. Flor-
ence.
Gouty Tax Collector—W. H.
McNair.
County Tax Assessor—C. L
Ray.
Sheriff—J. W. Bryce.
County Superintendent — W.
G. McPeak. .
County Health Officer—J. C.
Winn.
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Order by mail, postpaid.
W. B. ADKINS
GILMER, TEXAS
rison.
County Commissioners.
Precinct No. 1—J. B. Woodfin
Precinct No. 2—B. F. Denson.
Precinct No. 3—J. R. Hinson.
Precinct No. 4—L.A.Richard-
son. ~
Justices of the Peace.
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By J. H. PUELICHER. Chairman,
Committee on Public Education, American Eankers Association
Bank deposita are broadly divided into two kindst
0
A H
An Attempt to Create Integrity by Legislative Act—Mero
. Words No Good Substitute for Individual Re-
sponsibility, Says Bankers’ Chief.
= Let us drain your crank case =
= today and refill with
g -
mi.
right into your office or
per, out of the oven at 11180 and । • Stron vitality.
6 o’clock. Let us have your or-1 the case when the
panic of 1907. The system was misnamed at the
start. It wad not a_guaranty. in any true sense
of the word, but simply a form of mutual insurance The various
state banks were assessed a limited amount, in proportion to their
•uute4 ■ -
COOL and COMFORTABLE
There is ncthing that rests
the feet like House Shoes.
COLORS
QABYS COLDS
|| are Mun "nipped in Um bud"
M without "docing" by UM at—
vney of the premfums which may be make the right kind of connections.—
vaid Exverieure liis proved that the 1 Hunker Farmer,
WHY BANKS?
=
=
=
=
I
=
T'm F 15L
=e
J
Gilmer
Filling
Station
Free Air—Pree Water. C
Good Oils and GASOLINE |
Convenient. Southeastecop- {
- ner of Square,.-3
Agents for Exide and I
Weatinghouse Batteries 1
Service all the Time i
A. S. BYMAN
M
Walter W. Head
be trade-marked has the opportunity to
insure his cousumer market and retail
sales by means of Advertising.
During the present business condi-
tion the manufecturers who have in-
sured their demand by aevertising are
in far better position in every way
than those who have trusted to the
current demanid that was not of their (
creating.
I MAGNOLIA FILLING STATION
By WALTER W. HEAD, President
The American Benkert Association
The hank deposit guaranty is an attempt to establish fictitious
value—to create value by order of government. Adopted first
■* w in Oklahoma in 1909, this plan was carried into
Mma Several western states and threatened, for a
F A brief time, to become a serious issue in connec-
E
But let that demand sub- H
Precinct No. 2—W. S Chil-
dress.
Precinct No. 8—J. H. Lyell.
Precinct Nd. 4—G H. Music
Precinct No. 5—W. M. Cum-
bie.
Precinct No. 6—J. A. Chas-
tain.
Precinct No. 7—W. J. Hol-
land.
Precinct No. 8—C: T. Cul-
pepper.
tion with our national 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
little effect on a steady consumer
demuand for trade-marked articles of
common use. The dealer may carry a
lighter stock, and for a short time the
demand through the jobber may seem
curtailed; but just assure as customers
are calling on the dealer for the prod*
i How to Insure Sales
-.......... -
—--------
’ ■ ■ -
FALLACY OF SO-CALLED GUARANTEE COUNTY OFFICERS LADIES’ FELT
OF BANK DEPOSITS BY LAW
HOUSE SHOES
„xr-x.
We want every family in Gil-
mer to be readers of the Daily
Mirror, and we want to publish
the things that will interest all
of them. Phone us anything
you know. Phone No. 179,
8 On these hot, sultry days, without a
a breath of air stirring, a great deal de-
8 pends upon the comfort of your of-
8 fice and home.
8 You can bring those cooling breezes
Wanted, white cotton rags.
Will pay five cents Rr pound.
Deliver at Mirror office
The chief asset of any business is the demand for its
= Reduces that vibration in your
= Ford car when starting, stop-
= ping or backing.
open day and night. "We never
sleep." Always awake to your
•IT DRIVES OUT WORMS
The surest sign of worms in children ia
paleness, lack of interest in niny, fretful
ness, variable appelite, pieking at the
Him and sudden starting in sleep. When
these symptoms appear it is time to give-
White's Cream Vermifuge. A few doses
drive* out the worms and puts the little
one on the road to health again. White's
Cream Vermifuge has a record of fifty
years of successful use. Price35c. bold by
WINN’S DRUG STORE
tier for either one, or both. WiTo drive out impur
deliver it you can’t call for rish the bloo take
thim—Gilmer Bakery.
165 j uuds of butterfat valued at 50
cents a pound, earns $82 as a year's
gross income." he said. "Deducting
the cost of feed leaves a profit of only
•10 to $12, and does not take into ao-
count Um labor involved, deprecia
tion. and other overbead expenses.
Now can you honeetly afford to buy
this kind of a cow! A SIM ar $125
cow will produce 300 to 350 pounds
of buttertat You can gure the prof-
its (or yourself "
Convinced of the proftableness of
inver t ing more money la a cow, ths
tarmer left the bank with the funds
in his hands. He etarced paying for
the anima writ'll his first mik cheek.
One half of ench entik check went to
he hank tn pay off the indebtedness,
white ths farmer retained the re
nainler for his expenaes.- Banker-
Parwev.
remedy is Prickly Ash Billers. . . . p .
.. L -e interests. Come to see us
it removes the cause by purify- __________________
in Wsconsin the Stale Bankers As
sociation is enploying a man to gjve
his enfire time to the agricultural
work of the association. His major
activity is along the line of marketing
dairy cattle He I* constantly Tn touch
with the dock for sale in all parts of
the State and I* in position to refer
a prospective buyer to stock of the
breed and quality desired. He has
the assistance of reliable Held men
who are good judges of dairy cattle
There is no need for any farmer to
fall into the hands of anscrupulous
“cow scalpers" If his bankers will only
take an interest in helping him to
fund took the place of that But the
guaranty of bank deposits in Okla-
oma failed—as all efforts to suhstt-
lute governmental dirtum for integrity
and ability must fail
Bitters. It is a most efficient 1
blood purifier and system regu-
lator for men.
Price $126 per bottle.
Gilmer Drug Co., SpecjalAgts,
premiums are uot suthicient aud yet
the insured canaot afford to submit
to higher premium* Conceived in
economig sin |u>ni in the midst of
economie iniquity, the bank deposit
guurantee in Oklahoma went the way
of nil huintar wileteiilH in ovrrt’mne or
defy the natural ‘law of economjes
And yet we have today in the Cun
gress of the United States a Repre.
sentative of the State of Oklahoma
who will if he has his way—foist this
iniquitous, impracticable ssstem upon
the National Banking System
integrity Cannot Be Legislated
The fundamental dimieuly with the
insurance of bauk deposits— to apply
the correct name is that it I* an at
tempt to create integrity aud tinancil
ability by legislative-act. Depositors
in many Instauces were invited to ac-
cept, as their principal assurance of
safety, a gilded sign upou the bank
window. "This bank protected by the
slate guaranty fund" This protec-
tion, it has been proved, was not ade
quate; mere words were not a good
substitute for individual responsibil-
ity, supported by stocks of gold or cur-
rency No longer was there a pre-
Illium upon Ilie character of he-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
WHY PAY MORE
Knowles’
side, and every other asset of the business is n danger
of becoming a liability. - -
respective deposita to pay the losses
incurred by fallures For a limo all
went well. The prosperity Incident to
the development of territory, recently
opened to settlement, prevented full
urea But the detlatton of 120 1921
. brought ab'Uii a r ria fit tn litis mnrum/
nyntem of Oklahoma: in November
1921,-4he fllure of Ilie Rauk of fom
meree of Okmulgee brought the esti
mated total liabilities of the ...........
Guaranty Fund up to $3,354,000 Guar
anty - fund .warrants drew 6 per cent
interest, under the law which then
- V existed, and tills meant that the inlet
o*t charge alone, on these outatanding
warrants, amounted tu.two-thirds of
the maximum possible annual assess-
ment
AU changes of ads for the , to catch the Thursdas, maails.
Weekly Mirror must be in the and will not be delayed. t
office ruendag, the Weekly * —
Miner is worked Wednenday | Advertising to the Me Hood
morn’ng, and has to be mailed. f prosperous trade.
mdiMkdsakdam30el. . 4 re
Faifure and Repeal ’ -
Other banks failed in the following
months,, and the plight of the State
guaranty fund became hopeless
Stalo banks surrendered their state
charters and entered the national sys
tem. Hy January. 1923, deposit* in
Oklahoma state banks were only
$78.000,000, only half the total of No-
vember. 192! This was the condition
when the state legislature convened
and, after various attempts to relieve
the situation by ope of several expe
dients, the law makers repealed the
guaranty seriions of the banking law
This I* the story of the Oklahoma
bank deposit guaranty whieh was
born, lived and died in thebriof spare
of fourteen years in tht time the
Oklahoma plan was adopted, with
some modifications, by seven other
states. In none of these baa ft been
abandoned ns yet in every istanee
it has been subjected tn severe strain
and in most of them the question of
whether or not the guaranty fund can
pay existing obligations is somewhat,
doubtful My own state, Nebraska. I
am thankful to say, Is not one of
these
The guaranty nf bank deposits failed
Hr Oklahoma anil is threatened with
failure in other states because it was
not what II pretended to be, and
furthermore, berause it violated sound,
eronomie law The so railed gnaranty
is not, In any stata, what its name im-
plie* It is nut in fact a guaranty. It
is an insuranee plar dependent, as are
all tasurane • plans, upon the suflici 1
ra like to borrow $50 to buy a cow
I saw yesterday," said a farmer to the
cashier of a country bank.
Ths cashier hesitated. “No. I can t
lend you ro for a cow, but ru let
you have $100 or $125.
Astonishment was wrkten all over
the face of t ta mnan seeking funds
“Why, I oast afford to pay that
amount for a cow. Im rather hard
up just now." ,
“If you can afforU to buy a eyw at
all, you can afford to buy a good pow
inatuad of u poor one," repl ed the
cushier Then he proceeded to ex
plaiu sust why a hish-priced cow waa
cheaper than on rosting only $30.
-Ihn averaze cow, rroducing abowt
i ’
IN times of prosperity aud arising
. market there is a general demaud
for the products of industry that comes
to be accepted as a matter of course.
It is seldom listed among the assets of
the business-it if simply assumed
that it will always I e ti eie.
But, overnight, ( nditions fumy
change—as they J ave done before-
and the mattcr-of-cou. se demand be-
comes conspicuous by its absence. The
business, once strong and flourishing,
is suddenly found to be in a yery tight
place. The demand had not been
insured--and yet the entirejbusiness
depended upon its continuance.
The modern, economical way to in-
sure the market for any reliable product
is by advertising to the public which
consumes it. Advertising creates a
steadily increasing number-of custom-
ers who desire the product, and ask
for it by name.
f (Changes in]business conditions have
Pimples and blotches on the
skin are caused by bilious im-
purities in the blood. The right
ing the blood, liver and bowels.
Price $1.25 per bottle.
Gilmer Drug Co., Special Agts.
NOTHING HIKE IT ON EARTHe
The new treatment for torn flesh, euta,
, wouuds, soree or lacerations that is doing
such wonderful Work in flesh healing is
I So Borozone liquid and powder combina
tion treatent. The liquid Borozone ia
a powerful antiseptie that purifies the
wound of all poisoris and infection* germs,
while the Borozone powder is the great
healer. There is nothing like it ou carth
for spced, safoty and efficiency. Price—
(liquid) 30c, 600 and 91 20. Powder 300
and 60c. Sold by
product. As long as that demandcontinues, the busi-
Ahe
0 .
"MAGMOLIA GASOLINE INSURES |
MAXIMUM MILEAGE”
. j, SAVINGS nKPOsrrs
2 COMMKRCIAt. DEIOSITS.
SAVINGS DEPOSITS = deposits more or less
permanent, in a savings bank or Raving* de-
part ment of a ban. on which interest is paid,
and which are withdrawn against the deposi-
tor’* receipt; they in effect represent conserva-
tive investment of fund* accumulated through
personal thrift.
COMMERCIAL DEPOSITS deposits in a business
account at a bank from which money i* with-
drawn by check; hey represent an essential
facility for the co duct of business:
dining room or bedroom at home
with G. E ELECTRIC FANS.
Just reach for your telephone, call
187 and say, "Bring me over a cool-
ing breeze.” And before the day is
over you’ll wonder how you ever
stood your sultry office or hgme.
Em TEXAS PuBuc Service Co.
Many persons and all business hou •a have checking account* in
S which to deposit the cash and check* which they receive and against
t which to draw their own check* to pay bill*, wage* and purchase*.
S Thrifty people almost universally keep their savings in a saving* ac-
2 count.
EaccerGsn n mmezecsTeteseZTSereIeTIJEle eles
act, he is sure to supply it. and orders =2
soou begin to How in ifto make up for - =
the temporary curtailment. The total S
consumption continues about the ~
same.
Auy mnauufacturer who has an arti- E
cic for popular consumption that can =
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Tucker, George. The Gilmer Mirror (Gilmer, Tex.), Vol. 9, No. 44, Ed. 1 Monday, May 5, 1924, newspaper, May 5, 1924; Gilmer, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1432242/m1/3/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Upshur County Library.