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Bs i 3+ ¥$* VA 2 w# s :;%:} ; T. EEAUn e M 2+i Art 354 Q"es 1 He calls on a Dbanker: 3 * --asks for the necessary credit. ié banker 'asks the nature of the at \ what it: will --cost, and fw Mr. Jones can command in & ' weady money, or other resources, 9* . !" learns that he has no money se pap ts 2pse e y --It « C * e ixg. C enough ) \tremasth o character to save mon-- ";w.'wmpuuctpomtoh- ~~! gome, and -- therefore has not us /4 sd that he could --make finan-- e e y d progress.. Moreover, it men do < * >' *! not Invest some 'of their own mon' ~ . -- . l ay. in the business they usually . /« 'iagk incentive and become easily 2@.:'" It would be unwise es s 9. * m to assume such a finan-- @.'.|. {would fail to get credit from the ~----~~ pank. He must give--up his oppor-- _ _ --~~ \~sawnity to some one else who has ¥74 -- PAGE 'meanings. . 'When you _ deposit | the : i money,. your account . receives savit "credit" for that amount. When s a man borrows money on his noto | : 14 at the bank, he is granted "Credit." | gygp | When a railroad, a manufacturing |,, p ,'m-m'"mm debt issues bonds, it uses its "credit." | ppry | paying cash, "b'. "'&"m'"':'_\ LO8 iE S 'credit; our presont day bust| {DC" \Various Menanings of Crodit--The Way Character Be-- fo e .. ds ERE CE Nate . NOR CCC EOE BC CCC OOA CC C C 0o B S i T I .l while others are unable to borrow a cent, is disclosed gdthe present article prepared by the Committee on Public ucation of the American Bankers Association. It tells an interesting story of how a man of forty, of g'ood repu-- tation and fair success, was nonplussed by his inability to borrow and had to pass up--A good opportunity, -- . . » Bauks are said to deal in credit, bonds, such as Liberty Bonds, pay-- The word "credit" <has vailous | ing $20 down, borrowing $80 from ?-ounm When -- you | deposit | the bank, and paying it off out of i money,. your account . receives savings. -- . «* "eredit" for Mx-m'-m':; -- When to Shun Debt ~ & man m~m" k A m are m' how-- at the bank, he is granted "¢redit--" | gyer, under which one should nev-- ; When a M'w" "er borrow money. Never incur a eoncern. a. town, or --',m.. debt in a speculative venture. ~OF Wfi* uses THEB PEOPLE WHO. SPECU: fhen anyone buys goods """'" * | LATB, NINETYFIVE PER CEBNT paying cash, %"m time of PUr--| LOSE. . Neither should debts b# Tc ncdit, on io. ay incurred to purchase pleasuregr-- pikt. On i wpabre, P2S!-- | ing possessions. 'Such : debts are mess system could not --..__| millstones @zround the necks. o# | 'Credit . is possible : only where | Seuntioes families. | people have confidence in each Oth-- | . progressive banks:adhere to the {er, and confdence can exist OD!Y | same standards they exact of their good character exists. EveTY | )_;yons Their business methods fi'as*r t H se Ablin ~oBtAINCREDIT. BYT OTHERS CANT| 'imvolved in credit. For instance, "g;{huu.nnuotm.o:'.l- gelient morals, who has enjoyed a 'gair income for many years, sees '"mnyumchunm THE secret of w 'A while others a DECORATE CITY FOR ELKLS MEET dence, _ 'Those from -- whom: he would buy refuse to "trust him and the banks decline to grant him gredit.. Then come business tail p.pa;huuiNMtwm on his feet again and live down the upon his credit standing as a most Mwmnmuaumu by square dealing. . To get credit & wman must pay his debts, or it soon becomes known he is not of good character and not worthy of confi-- P mrarrieny 4 ' ~mges thrift. A student may wisely borrow money needed to complete his education. It is an investment | that should pay dividends in great '_« success, -- Another wise uge of credit is borrowing to buy good Waniegnn business "houses and streets are going to get dressed up on Tuesday, Aug. 14, the birthday anniversary of th.-'"k?f.n lodge oft Klks. % 3 »- t a meeting Monday night of cont mit workin« on plans for the gigantic eelebration, a contract was let to Roy V. Broadhead for: the street and store deccrations, . He has promised to give Waukegan <a holiday appearance. -- National col-- Banks are public sgervants, but that does .not obligate them . to mem;mmumunml- mess or facking in the groat princl nles success. To be known as a careful and thrifty per son is the--best assurance. that the bank will extend Anancial help when needed. f 'Many people think that onae ahould shun debt like the measlies. They . fail .to distinguish : between wise and unwine debt. It is wise a"'m&flh go--into debt, 6 buy a home. Such debt encour spicuous in "he decorations. * It is planned to porticularly dee-- orate the following thoroughfares in the loop; Clayton to Belvidere Genesee, County to Sheridan' on ;flhu; County to Sheridan on Washington, : and ° Washington _ to Clayton on Sheridan. _ The -- Elks club house and Masonic temple will also be clad in brilliant hue. The committee to oversee the dec-- -fl.uthAddni. Av L More Than 'Honesty Needed Honesty is not the ouly factor dity on the big day. ifin' C. 8. Alshuler, 4 re bands and twonty or more w.guqma--lh-unu' middle west will be on hand, and it is anticipated that thousands --of Brother Bills will be guests of the The small boy's idea of heaven is a'place where all achool . teachers gets m; ard «+ ;,-ns:the Way to Trust. Thrift and Honesty the Bas's of Banking. pusiness. man : looks emblems will hy some men can readily obtain credit, -- There are circumstances, how-- ever, under which one should nev-- er borrow money. Never incur a debt in a speculative venture. --OF THEB PEOPLE WHO -- SPECU-- 'rith_gre w"_ respect, and hold nlace of wfimuflc lupo: LATB, NINETY--FIVE PER CIN'I" LOSE. . Neither should debts b# incurred to purchase pleasureg'y-- ing possessions. Buch debts are millstones zround the necks. of countless families, ! Progressive banks:adhere to the same standards they exact of their patrons, Their business methods must: be beyond reproach. . They exclude business of doubttul repu-- tation and have no part in the fg verigh struggle for sudden wealth, Well--managed banks are regarded Some thoughtless persons Critl cize banks for not making Jloans Q.ntn&nlf.'bnt!tmutbomi bered that a bank's business is to receive deposits as well as to. grant loans, and it is therefore the trustee of money belonging to oth-- ers. It must safeguard its depos-- itors' funds and so control them as to be always ready. to return them intact upon demand. That re-- quires great care in granting 'cred-- its. THE MORTALITY OF . SAVINGS ACCOUNTS The Savings J _ * ssociation of Massachusctts Bas issued a tab~ ulation made by a mutual savings bank in an npt&l[ow England town showing that, of 'the--ac counts opened during a six months period, 85 to 90 per cent were open atithe end of the period. At the 70 per cent were open. At the end of one year about 60 per cent were open? at the end of 18 month# about 55 per'gent; at the end of elined by 2 to.3 per cent of the priginal number each year. Atthe end of ten years about 25 per cent of 'the accounts were 'still open,. After that the 'changes were very small, mostly. on account of death. Poru is the frst country in Latin Ameri¢a to reorganize its banking i dn memt Parkpt malliiis as of : the Federal _ Reserve Act of Peru to @evelop the--country's re-- sources . ;'.' nflm}ul'fit of i ot adlin: n B oran system is 3 t after the United States Federal Reserve, with mod-- ifcations, such as the banking con-- ditions and general financial siteo ation: there requires, .It <provides for the creation of a Federal Re-- serve-- Bank in Poru.--The direo torate of this bank is to be com-- posed of nine members, three of 'whom are to be designated by the Government and the other six are to be elected by the member serve pFinciples by the enactment the world, in the James River, Vir-- wmmwndvfthdwmcflon of the effects of poliution of the water. Last December and on April 10, 'of 1923, wild ducks were picked up helpless on the New Jer-- sey coast v'&blflf May. --The oil« zhdmnundtbf.dam of the birds --and prevented them '"'n':"fi'{,' m-adnmmn:o y factory causing &d'..mamm The largest seed--oyster supply in ICE USED TO TEMPER HEAT 4x tdraw the air thro im« . Meat, sufficient if concentrated in| -- 4. 0___~ ons which remove all the . Heat, sufficient if concentrated in one spot, to roast a whole elephant, is generated by . odies of, 9,00 %MWMM the n & Katz theaters in Chi-- 'Mr. Powell, who has charge of the ghmfmzingphafiinm" the plant in The Chicago * gdxkgiumfly always filled to its 'of 5000 seats. *~*--.. /:' T upncityotthil:,ooom ' overcome this added c%l wfiewwfl" Kr. Powell declared, while taking visitors thmthephnt."flvewnpr- on the--average summer day, which is considerable heat." --_. _ -- °_ dorus m a, copepiciernany vaputy of raws & 0 fresh air four da ~also freezing it to the desired tempera-- ture and sending it into the theater, This is accomplished by huge suction . the Gouth for Industrial Plants in the North y t ..\ ~ qs \att U :o« ifi& ToA F1 =.. is alof] 6 iss ce o ies ult '... ' It's clearance time again and if there is an item in this store you ll need in the coming | months, get it now at its lowest price. -- You remember our backward Spring------we all kept | the fires going well into June----Summer gopdsdidn't move very fast then and now clearance prices must sweep themi from the shelves. . All odd lots as well as absolutely clean, season-- ' able merchandise are marked at the lowest prices you Il see in many months to come. _ ------in personal apparel and goods for the home. -- Every piece of merchandise that stands in the way.of new fall goods has been ordered out. You'll be sure to find many thrg;?yw want and you'll pay little for this big store is filled from the basement to. the. roof with Ls L s t k 15 2M aalan--'an is acvised fOf each item is on Sale mlfwmlem lm -(.": Mn bargains. An early selection is advised for * \ca wAbBs This Store is Closed Every Wednesday Afurnoon During uly and August LAKE COUNTY uly Clearance Sales ¥ Ath 4n 4 PE E ; a Fis Chas "I HEAR YO' CALLIN' ME# af a¢ so3 These Extraordinary Bargains Are Found All Over The Store cold and after being regulated to the required degree, is sent into. the theater to replace the used air. *This plant creates the equivalent firw;dhdfly." declared mr,*nlduuedunpou,wllkh would endanwer public health. Chi-- 3,'*. tonsg--of ice daily," -- declared . Powell. "The use of ice, how-- ever, would cause dampness, which would endanger public health, Chi-- eago health authorities declare that tre proper temperature in a theater eo%:vyatmdngplmwm; be 01 mmflwfie&!fi temperature, in r to prevent pa rons from ° catching cold. To see that the temperature never gets above this figure is one of Mr. vertiser, of New .York, the oldest soLi Expioce noedly when it es was founded in lm.;"'r'r"_ 7'74 Powel!'s most important «dluties. The Globe and: Commercial Ad-- Are Now in Progres All Over This Store 9 SALVATOR OF -- LAKE COUNTY BREAKS JALL Man --Sentenced to Prison 'for Life Believed to * Have Killed Youth for -- His Clothes Lake county authorities to-- «ay, were asked to search for Milo Salvator, ' convicted in Waukegan and sentenced to life in prison for murder on with Robert W. Moore of De-- Kalb county, escaped from the "Honor Farm" at Joliet last Saturday. The Will county of-- ficials believe that Salvator and Moore can furnish import-- ant information in the strang-- ling of Frank Muren, 20, suitor of _ dimple--cheeked --Margaret Hagerman, 18, "Belle of Rockdale". Muren's body was stripped of all clothes except the underwear, and buried 'in a hay stack near Joliet. ~~Aecording to Giréuit Clerk Brock-- way Salvator was convicted of _ a gruesome murder in an Italian rail-- road camp near Winthrop Harbor, and one day a year in solitary con-- finement. : Salvator was represented by Judge Edwards and J. K. Orvis in the trial. iA The slaying of Muren is being in-- vestigated from all angles, and the prison authorities are inclined to believe that Salvator and Moore n f ALW?M Elmwood Ave. Walhgin J. M; GRAVES & SON Tar, Gravel and All Kinds of Roofing Contractors give you an estimate 1178--W G. 0. Graves :uu-'-m&m7 Aeeor&wu.::lmm% mth'flhylf the "'lh-cc prisoner. Muren's body was found SBunday by Stephen Lukas while the latter was pitching hay. It was bruised and cut and the skull was broken: apparently from blows on -- the head with a heavy, blunt weapon. Muren had been strangled with a -- blue work shirt found knotted-- tightly He This Store is Closed ~Every Wednesday Afternoon During July and August -- ubout his throat. Parts of it was stuffed into his mouth to stifle his ~~The body had been, stripped of. a new Sp: suit, brown pon-- gee m'hfl:am and tan oexfords. Iron rods, about a quarter of an inch 'thick, were used: to bind him., After his arms had been forced M.u-huhwmbmw:;h them. The rods were twisted _ "The fact that Muren was strip-- ped of his clothes, however, adds to belief that the crime . may hv'l:'o.tl\ovorko!m'm- who took : his <garments. : because they were in prison garb." Mr. Polin of South Bend, satisfied with his lot. Man 'house on it by mistake. All kinds of Auto Repair Work Competent Mechanies Welding f Day and Night Service ' . Phone 817 A THE STAR Garage dobu ad