davidaulloa/AmericanStories huggingface dataset:
The Little River news., 1923-05-26

OOAuc pcOplc lulAh that lO iASuA - debt at the bank is unwise, or re. hection on their business standing. This is not the case where the debt Is contracted for legitimate business purposes. Incurring debt to live be- yond ones income Is something no thrifty person would do. and careless use of credit leads to, extravagance and disaster, but. wise borrowing Is an encouragement to thrift and in. dustry.
 The first function of the banker is to encourage industry and thrift, so that a large fund of bank deposits may be accumulated. This fund Is often likened to a reservoir in whcih water is accumulated for community needs. The banker then loans from this fund to those conducting the business of the community.
 The banker bases credit on what are known as the three C's of credit Character. Capacity and Capital. Character is an imperative business qualification. Allied with character is Capa city. Before making loan a banker takes into consideration the capacity of the applicant-that is, his ability to earn through his honesty and his industry. Capital is mans worth in money. merchandise. stocks and bonds or lands. which may be given as collateral in security of a loan to make 1t safe.
 Let us consider the business trans. actions of MT. Smith. the storekeep- CT. He finds, with his business in- creasing. that he needs larger stock of goods. Also, some of his custom CTS do not pay cash. and their ac- counts must be carried until pay day" He must have more money for his business. so he goes to his banker for advice. The banker asks MT. Smith to submit statement Of his business. showing what he owns and what he owes. He knows Smiths character and responsibility from his observation of his dealings and from the confidence that people have In him. If he finds MT. Smiths state ment. and the progress he Is making. satisfactory he will be glad to con- slider the best method of loaning him the needed funds.
 How Money Is Loaned
 Money is loaned by banks on straight notes, OF indorsed notes, on collateral notes. on bills receivable and on trade acceptances. MT. Smith may be told by the banker that, because he has sufficient money in his business and manages 1t we'll, the bank will extend him credit with out his putting up any security be- yond his own word of honor. evil denced by his note.
 Let us say that MT. Smith needs . maximum amount of $2.500 during his busiest season and that the bark has consented to. grant him such 8 line of credit" MT. Smith could come to the; bank and make out note for any portion all of this amount for any time up to six months. To pay some bills he needs. say, $500. He estimates that within sixty days he will receive from his charge customers enough money to repay this amount He therefore makes sixty day note. which the banker .discounts" at the prevailing. rate of interest. let us. say 6 per cent. and places the proceeds to MT. Smiths credit How much does he credit to MT. Smiths account? Six per cent on $500 for sixty days. Is $5. This amount the banker deducts at the time the note Is made, 1t being the interest which he charges MT. Smith
The Little River news., 1923-05-26

It has been stated that negroes are leaving the state because of the pistol registration law. We'll, there is ID law requiring thd registration of rag orS
The Little River news., 1923-05-26

lOT the I-5o or the III Juey. sle IAcA credits Mr. Smith with the proceeds of the note, or S495. When the note is due in sixty days MT. Smith has re- ceived payment from his customers and he pays the bank $500. The bank marks the note paid and returns it to MT. Smith.
 If MT. Smiths business condition were not sufficiently strong to war rant granting him unsecured credit.the banker might say to MT. Smith. Il want to help you, but you will have to get the indorsement of your friend. MT. Jones'" Jones is known to the bank CT as a very reliable and responsible business man. Should he be willing to help MT. Smith he will write his name on the back of iir. Smiths note and If Smith cannot pay the note when due MT. Jones will have to pay.
 In anotheS case the banker. still anxious to help Smith, Light say, "l am willing to loan you up to $2,5OO. but you must secure the loan with the goods which you purchas, for that amount and with some additional goods" MT. Smith would have to warehouse the merchandise used as collateral in such way that 1t might be easily identified through ware house receipts as being the banks property until the note is paid. If Smith finally found himself unable to pay, the banker could sell the mer- chandise and use the proceeds 10 pay the note. If the goods brought more than the amount of the note the bank would pay the excess to MT. Smith; if the amount were not enough the bank would look to MT. Smith to make good the difference.
 Mortgage Loans
 Loans against farm lands. called mortgage loans. are frequently made in country districts. If MT. Smith. lacking an indorser or sufficient col lateral or business standing, owned a farm free of debt he might give a mortgage on it as security.
 The procedure would be somewhat different from loaning against mer- chandise. The law. realizing the use- full place farm and home owners oc- Cupys PIOlCCIS tucI-i IL q SpCCldl ner. It says to the lender, in case of default on mortgage loan. You must give this owner of land one year after serving notit- that you ex- pect to sell his land to pay the mortgage and redeem the debt" This is called the period of redemption.
 Mir Smith has still another method to tot, f,r h hoy He has sold, say. $500 bill of mer- chandise to MT. Brown, dealer in . smaller community, who must sell the goods to his own customers be- fore he can pay Smith. Smith says to Brown: "If you can't pay cash give me ninety day note. l will discount 1t and get immediate cash on 1t from my bank. will have to pay per cent interest to do so, and shal! want you to. pay that interest" MT. Brown agrees and makes his ninety day note for $500 with interest at ( per cent. Mir Smith takes this note to tho bank. which advances him credit for $500. When the bank col. lects the note from Brown ninety i days later 1t receives $507.50. the added $7.50, being thei 6 per cent in. terest charge for the use meanwhile of the money, for the ninety day pe- riod of the note.
 These are the various ways in which the bank serves its community by placing, through loans. the accu- mulated thrift of the community at the disposal of business and industry
The Little River news., 1923-05-26

The majority of the voters in Ash down have Implicit confidence in the few who do vote, if the school cleo tion is az fair sample. The minority voted the full tax that will permit our school to go on, but suppose they hadnI? Get the voting habit. It's a duty that every citizen owes
The Little River news., 1923-05-26
i, ExereIss kseps epIi Busy.

Exercise as, means of. giving the bull something to occupy {, hiS mind plays an important part in keeping him in good humor and out of mischief.
The Little River news., 1923-05-26
PUZZLE OF WHY DEBT HELPS SOME
 BUT HARMS OTHERS EXPL AIMED
How Debt Can Be Put to Work Increase Earnings Thrift and Loans Go Hand in Hand to
 Aid the Industrious.

The of debt in personal business affairs remains something of puzzle to many people To the deb signifies misfortune while others fail understand the ways which they put work for them increase their earnings The Committee Public Education Bankers Association has under taken the following discussion of how and why banks loan money to clear up these misunderstanding:
The Little River news., 1923-05-26
What Farmers Need Added to Credit
 And Good Advice
By WALTER w. HEAD First Vice President American Bank.
 CTS Association.

If the farmer is not prosperous there can be no permanent prosperity in other industries, because the farm.
The Little River news., 1923-05-26

The governor is still debating with himself that proposition of calling < special session
The Little River news., 1923-05-26
Handle Hsisss Kindly.

A heifer of !. nervous disposition should be handled very kindly. Sevsge and abusive measnres ere yery likely to intensity the trouble. f'S
The Little River news., 1923-05-26

Feed cows LIbesally. Feed the good milk cows Hberaily with balanced grations.
The Little River news., 1923-05-26
Foreman News.

Eore.nan, Map 25.-(Special) III. ... .uc1ver was nere from Texarkana
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14

torially as follows: The government
estimate OF July 9 places the total val
ne OF the II principal farm crops at
S7,S29.9l2,00O. This, OF course is only
an estimate, and deals with prevailing
prices; but there has been no disaster
since, and probably the estimate is
now much below the actual cash value
OF the u principal crops Even wheat
Is coming back, so that the only black
spot in the situation is becoming clear
er. And even if wheat should not
come back. it represents less than 10
per cent OF agricultural values, so that
on the whole the American farmers
should worry They are more pros
porous than before the war. and ST.
5OO,OOOOO0 ahead of the sharp depres-
sions of 1920. when the total crop val
ue was only S5.l00O00,000."
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14

Washingion.-Th Washington Post
sees blue" about farmers. rs the
American farmer in a desperate plight.
requiring extraordinary legislation.
like that during the war. which fixed
the price of wheat? Is it true that ag-
riculture is losing business that must
be supported by the other elements of
this country; Is every worker and
taxpayer to be taxed to maintain the
farmer. in addition to paying full price
Tor everything the farmer produces?
Has the farmer a right to demand that
the nation should guarantee him
against the chances OF his business
After asking these questions the edi-
torial proceeds 10 answer in the mega
tive. and lambastS new national lead
ers in the following sentence; 1t
seems 70 us that such agiiators as SEN
aior Brookhari. Magnus Johnson and
others OF that ilk should be required
to come down to earth. and explain
why the farmer is privileged above the
American clerk. the American preach
rr. the American doctor, or the Ameri-
ian workman"
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14
APRICOTS

We still have tons OF the best vari-
ETY.. mach superior to Moorparks or
Tiltons. VIII last till about Aug Is
cents. = mils north. 4 miles west
OF Huston. Geo. w. Perkell. 67-Sp
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14

Washington Farmers Of the coun-
try will doubtless be surprised and de-
lighted 70 learn OF their comfortable
place in economic and political Affairs
as the Washington Post relates IL odi-
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14

Il did not finally decide upon found
ing it until | was assured that some OF
the most prominent men and women
in the country who have given long
and earnest thought to this question
would cooperate
John w Weeks, Secretary OF War,
has written Mr. Box about the award
as follows:
NO war sentiment exists in the
United States, and do not believe
our citizens would countenance this
country engaging in a war OF agrees
sion In the present agitated condi-
ton OF the world. however. the peace
OF the world is not assured. In fact,
IN its present unsettled state. there ex-
lists the possibility of war which may
even involve our own country. 1t is
for that reason only that the War De-
partment is urging sufficient prepared
ness for defense.
"No one could feel greater gratif-
cation than | if we could insure the
future generations against war"
Franklin d. Roosevelt. former As
sistant Secretary OF the Navy. writes
the donor:
1T is sadly easy to talk about the
cooperation OF the United States with
other nations in promoting the peace
OF the world To get anywhere. the
United States must first cooperate
with other nations to eliminate the
things that disturb or threaten to dis
turb the peace OF the world.
The award will spur on the con-
stan,ly increasing public opinion. and
that. either from the selfish motive OF
the pocketbook. or from the higher
motive of the desire for international
Justice, is favoring our assistance in !
lighting world wrongs. We are rapid
,y getting away with the old fallacy
IF the Chinese wall around the Unit
"A States
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14
Immigrant Selection Overseas Urged

Immigrant Selection Overseas Urged
Secretary of Labor Davis sent Mrs.
Muriel Lynch Crichton, immigration
expert, to Europe to study immigra-
ton as affecting the United States. In
a report sent to the Department of
Labor, Mrs. Crichton says in part:
"The selection of prospective immi-
grants should be made overseas, and
not at an American port of entry. Too
often passports are vised abroad only
to have the alien denied admission at
Ellis Island. The present system
works a great hardship on all con-
cerned.
ITO take specific instance, the head
of family will sell his land, his home.
and make preparations. perhaps, for
months, to emigrate to America. He
succeeds in fulfilling the require
ments for coming here. but finds on
landing on American shores that the
quota of his country has been filled.
perhaps few days before his arrival.
There is only the alternative of re-
turning home.
This works a hardship on the man.
first OF all. 1t works a greater hard
ship on his family. Finally il is 4
hardship for the steamship companies,
since they must support the newcom
ers during their sojourn at Ellis Is
land. and return them to their native
land. And when that family returns
home, what awaits it. since it has lit
,erally torn up his home across the
,ea?"
The war woke us up to the need
for stopping the great influx of immi
grants. We can no longer permit all
who would come to do so. There must
DC selection and that selection should
De made rather with view to the use
illness OF the individual who applies
han to any set quota from any coun-
~. There are hundreds OF persons
n England, Scotland, and Ireland,
'crsons perhaps who are part of
utilization that is closest to our own,
Who are anxious to come over, but
Who are prevented because quotas
rom those countries are filled so rap
ily."
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14

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The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-08-14

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, 1923-05-03
NOTICE OF FORECLOSURE OF
REAL ESTATE MORTGAGE

Notice is hereby given: That de-
faul having occurred in the condi-
tons of that certain real estate NOR
tgage deed, dated October list. A. d.
1913, made. executed. acknowledged
and delivered by John 1. Filler and
Eleanor Filler, his wife, Mortgagors,
to W. II. Hunter and Hattie L..
Hunter, his wife. Mortgages. of
Carbon County. Wyoming. which
said mortgage deed was thereafter
and on the 18th day of October,
A. D.. 1919, at nine O'Clock A. NJ.
fully filed for record and recorded
In Book G26), at page $50 of
Mortgage Deed Records, in the Of
flee OF the County Clerk and Elk
Officio Register of Deeds within and
for said county of Carbon, Wyoming,
being the county wherein the mort
gagged premises hereinafter describ-
ed are situated, and which said
mortgage deed as aforesaid was
given to secure the payment of
$35, 900 90, evidenced by two promis-
sorry Ectes, each note being dated of
ever date of said mortgagA and
made, executed and delivered by said
m o = t & to said mort
gagees. and payable with inter-
est thereon a follows. One note
for ~s30,000.00. payable ten years
from date. and drawing interest
thereon at the rate of 10 per an
mum from and after March 1st.
1890. until paid. interest thereon
payable annually. and one note for
100000, payable n year from
date. drawing interest thereon at
the rate OF 10 per annum from
March list, 1920. that said 100000
note an dinterest having heretofore
been fully paid.
the said mortgagors have
wholly failed and defaulted in the
payment of one years interest due
March list, 1923. on said $40, OOO. 90
note as aforesaid, pursuant to the
terms OF said mortgage and note.
That more than 30 days has elapsed
since the said LIST day of March. A.
ID. 1929, and that said interest and
the whole thereof now at the date
OF this notice still remains wholly
due and unpaid. That said mort
gage deed does provide. that in
, 1923-05-03
RAWINs BOARD OF
TRADE ACTIVE

Despite the fact that the public as
a whole does not realize that there Is
in the city a very active Board Of
Trade such Is the case and not a
day passes that this organization
does not accomplish something bene-
fidal to the city.
The Rawlins Board of Trade has
always been hampered in Its activ-
tiles because of q lack OF funds and
because Of the fact that but a few
members can be depended upon to
assist the officers in necessary work.
Considering the fact hat the dues in
this organization are very low n
also that a great many members do
not even pay these low dues, the Of
ficers and a few members have been
compelled to devote a great deal or
their own time and also spend their
own money in accomplishing results.
At the present time the Rawlins
Board of Trade is carrying out the
request of the Haskell people in Sc
curing a survey of the route south
from this city to Snake River. This
work costs considerable money and
before it could be started it was
necessary for committees to-canvass
the city for funds.
The present officers of the Board
of Trade feel that the organization
is inadequate for the present needs
of a city and hat the only remedy
will be the reorganization as a Com
mercial Club with larger member
ship fees. a budget, a paid secretary
and several other feature.
The peple of the city owe to the
present Board of Trade sincere
thanks for the great work 1t has &C
complished in the past and is still
accomplishing.
Fred Rendle as president and H
f. Dunlap as secretary have, during
the past WI years, devoted a great
amount of time and money to the
interests Of the city and are GER
tainly to be congratulated.
, 1923-05-03
NOTICR OF APPLICATION FOR
UNITED STATES PATENT

United States Land Office Chey-
enne. Wyoming. April Z, 1928.
Serial O33424.
Notice is hereby given that In pur-
suance OF an Act Of Congress ap-
proved May 10th, 1872. and a GER
tain Act of Congress amendatory
thereto approved February 18th,
1897. Funk Oil and Gas Company,
a West Virginia corporation, whose
Post Office address Is Fairmont,
West Virginia, and w. H. Taylor.
whose Post Office address Is Chey-
enne, Wyoming. Harry w. Kuhn,
whose Post Office address is Union
City, Indiana. George E. Brimmer,
c. r. Watson, ]. w. Wisda, M. B.
Johnston. E. Sundin, and Frank
, 1923-05-03

n. Johnston, whose Post Office cd,
dresses ara Rawiins, Wyoming. in-|
eend to mako application for . pat
ont for tho Southwest Quarter OF
Section Two (2). Township Twenty
nix (9e) North, Range Ninety (90)
West Of the sixth Principal Merid-
ian, known as Rawlins OIL Placer
Mining Claim, No. 1906, and con-
tanning one hundred sixty (160)
acres, moro or less, which land con-
tains petroleum. and other mineral
oils and gas, and is chiefly valuable
therefor.
Date Of posting this notice on
claim. April 3rd. 1923.
FUNK OIL AND GAS COMPANY,
A West Virginia Corporation,
By John F.. Phillips,
It's Vice-president.
w. H. Taylor. Harry w. Kuhn.
George e. Brimmer, C. R. Wat
son, J. W. Wisda, M. B. John
ston, E. Sundin, Frank M. John
ston,
Original locators
BY their grantee, Funk Oil and
Gas Company. a West Virginia
Corporation. Of
By John F. Phillips.
Its Vice-president
Witness: Ellis Hudman, Chris Jes
sen.
NJ. T. CHRISTENSEN,
Register
First date of publication April IL
1928.
Last date of publication June Z
1923.
, 1923-05-03

Of tho 9Th p. H., containing 1905
acres more or les. Together with
all water, w~ater-riehts. bitches and
dttch-rtghts. reservoirs and roser-
vo~ir-rights pertaining thereto. also
scr1bed lands. p
Dated At Carton County. Wyom-
ing. this 18Th day of April. A. D.
1893.
W. r. HUNTER,
HATTIE l.. HUNTER,
Mortgages.
BY A. ]. ROSTER,
Their, Attorney.
First publication April IS, 1923.
Seventh publication May 81. 1923.