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mermme WUBCO Special BATTERY that turned Mruuuflmtol‘or in Tud- arnnlnflm Tonic! Tndc’vuthehymuthm criaannanonvnflonmm Wmemmm 3mm mm” “Tm mm vuwmmm w Wm M mm“ “mm mmwM mmmmwwmu mm ._ WWW-flint “Minnow-ads“ m. mmwmm Emmmw MW bnnch bank organization practically existed. nltho it was an unconscious and invisible organization. For in- stance, the small bank in [odious took orders from its correspondent hook in Indianapolis; Ind the Ind- impolis bank took orders from a still bigger bank in Naw York. Thu holds of : low of the New York banks would hold a conference 3: the homooftholatoJ. Piorpont llama orotthohomo of Ir. Bohrottho Fix-at Notions] Bonk. and doddo up- on a policy. This policy they would pus-longto tholouo bonhof Bolton, Chi . Phllodelphio, Ind- ianapolis. 8:. is. Now Orleans. “Minutemen. “abolish! thou hm emu would in turn you thnupoiicyontouumollhnh in flair «1mm Thom were no eon- M or stock control existing bo- two. the boob. but than on on in- visible could which won very pov- Lowest Priced Good Battery You nun I_ ‘m-ffl' Wellesley Hills. Masai. Oct. 19th, 1922. There has been much discus- sion tending branch banks It the mull convention of the American Bankers Association which was held last week In New York. Owing to the controversy which this discussingj has developed, Roger W. Robson was My‘inurviewed regarding the po- hlhle outcome. “0! course the cumin is the natural outgrowth of the eat-bush- ment of the Fedenl Reserve Beaks. Before the days of the Peder-J Re- serve system." says Mr. Baboon. "e Roger W. Balloon Sly- New smi- Not Good to: (Jo-um in: Sun wm Com. SEES BRANCH BANKS ESTABLISH. ED IN THE U.‘ S. omnlm seriously whether tho brunch bunk system is us good for the country so the present system. On the other hand. n how that tho present ten- dency at eliminating the small firmer. snd substituting the motor ln plsce ofthsomrisnotforthogoodof sanguine It the W Another“ """ 5"” f" attempt has shown itself in the or- “01“, Christ genintion of separate investments"W“t 1}” a“ 3 companies end separate 'Aceeptance’ 0“ WM" “9 W companies. These have been orghni- in?” absent“ sod by many at the larger banks and ' tnal problems most of them are operating success‘ ' He ”form“ 1 My. Banks are finding these In-if‘hip '8 a PM vestment companies more profitabie"“d‘_‘5t"ml 011 It the moment then their foreign Chm“. 5“” 8' trade adventure. The banks are 313- ' W w‘" develol dually coming to the opinion, 1mmhave With 01" ever, thst they an recover their in-‘temv “d 35 3 ‘ fluence with the country districtsigmwsv 9‘9“? V only with organization of branchwmty wrth 0‘“ hanks. Hence, there is a drive at I believe thes present to have the National Bank'fible- Branch Laws amended so that a-eity bank hshed through can am: a system of branch banks 0028”” will in the surrounding cities and town. as '8 “99d“! to Whether or not this is in line with “Mr. Babson Daneerecy. is I very debstehle ques- the efl'ect of t tion; but the drive is on end my stocks and he guess is thst such breach banks are be a benefit t as inevitable is the chain store. are enough hay "All the banking systems of Eur- tricts at the ope are developed on the Iin‘aneh the city hsnks ‘henh’ idea. The his banks of Eng-[not to start I lend. Fume. and, Germany have thier branches their branches in hundreds of cities banks will buy and towns. One of the finest brunch country banks. systems in the World exists in Csnm new and eetlw do. just over the United States line. bank stocks. In Montreal there are several lg ing communitis banks. and «eh of these hsva In) nd. Their 2 one hundred to three hundred bran- igher. At th ehes in diluent Canadian cities and bank stocks sell hopes in this roam! are not vgry death blow to what um. lot-elm Potter M13. 6: Lumber Co. Emma. N OW’S THE TIME! Dodge Bros. Motor Cars Three-Quarters Manufncturcrs Dealers 1 COAL MILLWORK Building Enteritis of All Kinds Don't Forget “0 L D County Coal. POCAHONTAS yui on Wm for N3! umwm;m~. Phone (Mr Fine DOWNERS GROVE mm small uplul dock. this will It and become . ulutblo amt. Bank: which luv. a null capital stock and ‘good will.’ A- soon as clty hub hld against one mother for the coun- try banks, the ‘good will' feature will at once he of value. With bank: of BUYING "Mr. Babson was then asked what the efl‘ect of this Would be on bank stocks and he replied that it should be a benefit to bank stocks. There are enough banks in the country dis- tricts at the present time. Hence, ‘the city banks will be wise enough not to start new ones to serve on thier branches. Instead the city banks will buy control of the better country banks. This will develop a‘ new and active market for country‘ bank stocks. Small banks in grow- lng communities will be in special de- nd. Their stocks will surely sell igher. At the ~present time most bank stocks sell on ‘book value' with- out my confidential: o! the value of on which he wrote these words:‘Elim~i inate absentee ownership and indns~ trial problems will solve themselvem'l ille is correct in that absentee owner-l lship is a present dilficulty with our, industrial organizations. As the chain store grows, a similar clinicalâ€"f vty will develop which we do not now ,have with our individual retail aye-l Item, and as a system of branch banks , ;grows, there will he that same dim-l lculty with our banking system. Yet ll believe these changes are inevit- able. Branch banks will be estalr 'lished throughout the country, andl Congmss will enact such legislation _as is needed to make this possible. I the country. The developmcnt oflbnnks Which)". a virtual monoply care nhout immdlua earning chm. chain atom systems which are slow”; of the banking mum in a com- city; but they will want to be sure crowding out the individual ntlilfl'lmunity, will be in lynch] demund. A that the nuts as sound and that is not good for the country. Immunity which in, {our hunks will the bank has not many lame ducks." “One Christmas Mr. Henrv Ford'hnve those {our bank» purchased by‘ Genernl business as reflected in the sent me an autographed photoEr-nph Iour big cityl bank‘s so flintuch will Bahsonchnn continues to impmve. Its , .L-,_, , L. n.- Gravel Cinders Lime Plaster Cement in a stung position. The city banks will be willing to pay a good prlce for good will and will not espechlly ’ have a branch in the small city. When rhowever, there In only one bank in jthe community the four My clty banks will compete and hid against one another for the stock of this one bank. The stock of many of these small banks, which today can be bought around par, may later be pur- chased by some city bank at $200 to $250 a share. All the country hunks need to do to bring about these con- ditions is to buy good securities, a- void risks, and to keep themsclves WESTERN UN ITED CORPORATION of a Million SAFETY AND ESTABLISHED MERIIT ASK YOUR LOCAL GAS OFFICE Throughout, the Year KIDWELL GARAGE CO. th: The 7% Prcfcrrcd Shares of the comâ€" pany pmvid: a steady, suhsmntinl in- vestment, right through the year. Its stability has been «Vlcumnstmtcd day by day, year by year, through “good” times and "bad" times. Right through the year the demand {or Western United service is steady and in growing demand. That is your principal assurance of safety and of dividends. That is why public utility securities rank among the foremost of all safe investments. When you make an investment you want the company back of the investment to work to capacity throughout the year. DOWNERS GROVE, ILLINOIS Investmont Department 1516 Insurance Exchange 175 W. Jackson Blvd., Chicago, Phone Wabash 0767 Home Address; 191 N. Forest Ave. Phone 288 Downers Grove Estimates on complete building or repair work cheerfully furnished Phone 284 H. C. Hoff ('3 Co. BUILDING CONTRACTORS TRY A CLASSIFIED AD. pment position-but 8% We; ma]. The highest point in M1 (All Rights Reumd)‘