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; ; . ; Farm Bureau News WTOTANDING CLUB 0 MEMBERS SELECTED The County 4-H committee recently m«t at the Farm Bureau office a fid the outstanding club member? for this year. T^ese awards werit to- the following people; James Davis, Huntley, County Champion ' " Kenneth Reed, Sheep, Huntley John Tobler, Poultry, Huntley Agnes Brian, Garden, Huntley . Florence Hart man, Garden, Huptley Geraldine Jones, pairy Calf, Greenwood Arnold C. Wittmus, Dairy Calf, Harvard Henry Hartman, Corn, Huntley , f Ott« Ntille, Swine, Marengo. ^ To be selected an outstanding club fnember means considerable fiince thert- are a few over 200 in the Farm JJu<rau division of the club work. In ; ^making this selection the committee ' , took into account such considerations /.V ju> length of time m cliib; work ,results ' jpecured in connectionWith ths project \ iportvmanship, attitude toward club • . * *ork, community activities, etc. The r' " ^.:^tecords of these outstanding club FINDS BANKS WILLING, BORROWERS CAUTIOUS Prominent Write*, Refute#, Statements Bankers Are Refusing Sound Loans -- Describes Reasons for Redfuogd Volume of Credit. - - ' members have been sent to the State v.;' Club Leader's office at Champaign ' V ^ •'where the outstanding club members . « , for the state will be selected by Oct. :• 20. A review of the statemnts made by l . outstanding club members reveal that , the benefits from club work are very tiun-jtrous. Here are some of the * . benefits as given by the members : themselves: Otto Nulle of Marengo 4-H Club ^ "' • states that the-judging contests and s ,; shows helped him to select better . stock. He also states that he • has learned better methods of feeding : ° : which have beep of benefit at home- . " . Geraldine Jones of the Greenwood --f;.:'- *" -4-H Club states that 4-H "Glub work , v'jbas done much for her besides teachr **5r.g her how to care for hei calves. ; . She has met boys and girls from all over the county and enjbyed her acquaintance with them, als.o with her own club members. She has learned to make talks iri club meetings more easily. . . • James Davis of'the Huntley Club \ - states that he has learned to cooperate in every activity from liis 4-H f*4.<Tlub Work and from- listening to talks on various dt'her projects he has ' learned many new things. Kenneth W. Reed of the Huntley Club states that he has gotten experience as a program director and er of plays and songs, which he values a lot. Members of the County Committee •who participated in the selecting of outstanding members are as follows: Paul Arndt, Marengo; George Gehrke. Crystal Lake; J. B. Adams, Harvard; L. Russell Beard, Hebron; Henry1 Marlowe, Huntley and W. A. Herrington, Woodstock. Sports Ensemble . A two-piece sports ensemble of gray ribbed wool, with two ^pockets and a smart leather belt. The buttons are of tortoise shell. The bright green scarf 1b worn twisted at the neck. From Dilkusha. ui Aid in Housing FIGURES supplied by typical, wellmanaged banks in different parts of the country show that a high propor tion of all applications for loans have been granted |n the past year or two, says Albert W. At wood In a recent article in The Saturday Evening Post on "The Idle Dollar." Excerpts from Mr Atwbod's article follow : "Frequently banks state that as high as 90 per cent of all such applications are granted and for from €0 to 75 per cent of the amount asked for. Allow Ihg that the bankers make these figures as favorable to their own case as pos sible, It seems strange that we are told again and again that, banks, ara not lending at all. "If we take into account the whole class of regular bank borrowers, the plain fact is very few want to borrow yet. for the word 'torrow' is merely an other name for the word, 'debt,' and we face a great world-wide drive to get out of debt. "An experienced small-city banker, asked, if banks tfere lending freely enough, wisely replied: 'The really good borrower ddes not wish to borrow now. In fact, I think our customers are making a remarkably fine showing in paying off their loans, especially loans of long standing.' The Shrinkage of Credit * • "Or if we think of business concerns rather than of individuals, it is con se.rvative to say that those able to • in tatn high credit ratings have been mostly the onejs able to maintain ample cash resourpes and, therefore, least in need of credit.. As prices and costs fell, many concerns found themselves with plenty of cash because of the shrinkage in operations. Cash resources were stHl further swollen by reduced dividends,, and smaller inventories made bank borrowing still less necessary. "Expressed in ahother way, banks cannot expand credit, they cannot make loans, unless there |s a demand for the same. Fundamentally, the business transaction makes the loan, the loan does not make the transaction. It is a mistake to try to force upon business organizations funds which they do not need. Under the circumstances the 'idle dollar' Is a natural and proper enough phenomenon. A demand for credit Is difficult to create artificially, and there is always danger in so doing.. "Banks must be liquid enough at all ttmejB to pay depositors. The idea of a commercial loan 1s that it represents a self-liquidating process in business. If the banker makes only those advances that are inherently sound, and selects his maturities wisely, he will have in coming funds to'meet demand?;.- / Government Lending " "As everbody knows, the Government has Vast lending agencies, for home owners,' farmers, and the like. These have nothing to do with the subject of this article, except that all such Government operations would be im. possible if the banks did not lend the Government «oney--for the purpose. "No one can set a time when borrow ing will be resumed. But it will come when men once more feel that condi tions are sufficiently settled to warrant them in taking chances, in entering upon deals, and in trying to make money." • Mr. Atwood says that It may be thai the batiks are overcautious how, Just as they were overconfident in 1929, but. calls attention to the fact that until a little more than a year ago banks were failing "partly because they had loaned too freely, and were being criticized right and left for precisely that fault." He adds: "Indeed the banks which had beeh cautious in their lending policy came through the crisis safely. Under such conditions it is utterly useless to criticize banks for not making loans. After the experience they bad for several years, especially in 1932 an^ 1933, it Is only natural that they should relax their requirements very slowly and 'gradually. . ' "Unfortunately, many of the applications for loani are not people who want temporary banking accommoda tion for three or si* months and are quite able to meet their maturity dates, but are from those who really need permanent capital They are busted and they want someone to stake them to a "new start. What they reaily seek is a partner to furnish them with long time capital. But depositors insist upon being paid on demand, and, therefore, it Is a grave question whether banks should tie up their funds tor any length of.time." • It V, FLEMING ADJUSTING BANKING TO CHANGING NEEDS ^ . By ROBERT FLEMING ' ' Vice PresidentAmerica*' Bankers A ssociation BACKERS recognize that changing conditions require new methods of doing business. However it is their responsibility to retain those estsential and sound financial principles upon which this country was founded and baa grown to be what is still the richest n a t i o n . i n t h e world. Many of oor.diff i c u 11 i 6 s hare arisen from lack of confidence and ?Tom m i s u n d e r standing. Therefor^ it behooves the banker W bend every effort to create a better public understanding of sound banking and thereby bring about that united effort and cooperative spirit which will hasten the day of national recovery and restore to the banker the confidence of the public to which he is entitled. As an approach to the realization of this ideal, bankers should' carefully scrutinize every application Tor a loan to see if it Is bankable and, if it is not in bankable form, then make further examination to see if the loan can be made so, in order that the uses of credit may be stimulated. Explaining Loan Factors to Customers We must not expect Our customers to be bankers and understand all the factors which we must consider before granting a loan. if^we find that a loan is not, and cannot be made, bankable, then 1 think we should take pains to explain to the" applicant the reasons why it cannot be granted. There are other measures which i think it important for the banker to undertake in order to eliminate the misunderstandings which have, arisep and overcome the sentiment .which exists. Undei^-present conditions we have to operate under mahy laws and regulations, and also wat^h what further legislation is being proposed which affects our methods of operation and may not be in the best Interest of the communities we serve. Nowadays it seems at times we must sit with a law book in one hand and a book of regulations in the other in order to make certain we are discharging our daily duties and functioning strictly in accordance with the iawl All of this is very trying, yet 1 think in the end we shall become better bankers. ,1 believe it Is the duty of every banker today to endeavor to undeiv stand the public he serves. In addition to his daily duties, trying as they are, he should participate in the activities of his community, so that, with t}ie fund of information available tp him, he may be as helpful as possibleJn all public and civic matters. YOLO Mrs. Vi^illiam Waldmann spent the jiast week in Chicago at the home of Mr. and Mrs. Herbert Waldmann. Mr. and Mrs. Lloyd Eddy of Grayslake visited the tatter's parents, Mr. and Mrs. Harry Passfield, Wednesday. The Volo Home Bureau unit will hold a card' party at the Volo school house Oct. 26. A large crowd attended the Democratic women's party at the Volo Recreation hall Friday afternoon. Mrs. Charles Dalvin of Wauconda called at the home of Mr, and Mrs. Boy Passfield Thursday. Mrs. M. E. Smith, and Mrs. Anna Case of Wauconda visited Mrs. Sarah Fisher Thursday. » Miss LaVeme Stone, teacher of the Volo school, took air her pupils to the Farmers' Institute at Lake Zurich Friday. , Richard Fisher spent the week-end at the ho tri e of Mr. and Mfs. tedit Davis at Slocum's Lake. Mr. and Mrs. Frank Henkel, Jr., and daughterjspent Tuesday in Waukegan v/ith Mrs. Frank Henkel, Sr. Mrs. Richard Cronin of McHenry spent a few days here at the home of Mr. and Mrs. Frank Hironimus. Mr. and Mrs. Frank Wilson were Waukegan callers Tuesday. Mr. and Mrs. Herman Dunker and family were Crystal Lake callers on Monday. Mr. and "Mrs. ; Lloyd family and Mrs. Albert Hafer spent Friday evening at the home of Mrs. M. Lohmann in Barrington. Mr. and Mrs, Otto Besley of Crystal Lake visited Mr. and Mrs. Herman Dunker Sunday. Mr. and Mrs. Malloy of Chicago spent Sunday here at the home of Mrs. Anna Lusk. * , Miss Lilian Tidmarsh of Wauconda and Mrs. I. Burton of Libertyville were business callers in this locality Friday. The Volo Home Bureau unit met at the home of Mrs. Douglas Wait Wednesday afternoon. Thirteen members were present. The lesson was on "Vegetable Cookery," which was of great interest to all. The. next meeting will b November 14 at the home of our home advisor, _Miss Florence Kimmelshue, in Libertyville. Mrs. Sarah Fisher, Mrs. Lloyd Fisher and daughters, Mrs. George Scheid and Mrs. Albert Hafer visited Ellwood Dowel 1 at Fort Sheridan Saturday. Miss Sarah M/cEmmell of Racine, Wis., spent the weekend here at the Our ' Washington > ffl'-'; Letter - -By- . National Editorial AMoelattai Washington, Oct. 17--Prophecy, at best, is a risky business. In order to respond to numerous inquiries on "How are things going in Washington?" It is necessary to -digest the trend of conversations at private luncheons and after-dinner chata at more formal functions. The crosscurrents of opintbn undoubtedly provide a fairly reasonable perspective cn present tendencies in governmental, industrial, and labor affairs. If your ears are attuned to these official and semi-official sounding boards then you may place your bets with the following general outline in mind. First, there Ss unmistakable evidence that behind the friendly smile, which the President gives to the world, he is fretful of the failure of the country to respond more readily to the recovery measures the administration has sponsored. Business leaders, who have talked with the chief executive, are greatly encouraged in the compromising disposition manifested recently. T£ey feel that he will come out of the crucible of experience firmly convinced that the | pilgrimage with the "leftest" or rad- Fisher a,nd ical movement was nothing more than a stop-gap experiment during an emergency. It is expected that the enormous reserves .df1 finance and trade, which have beert dammed up in fear of the New Deal, will be .released as quickly as the President goes beyond the conversational stage in inspiring confidence in his program for industrial recovery. The cards, as they are now shuffled, reveal a disposition on the part of the administration to 9ound out sentiment as to the effectiveness of a general sales or manufacturers tax, which will yield three billion dollars annually. One proposal that is finding favor in certain administration circles calls for a two or four per cent federal sales tax applicable to commodities and services alike. The general tax would supplement the revised rates on personal and corporation incomes. A tax on service means, of course, that your doctor, dentist, and other professional persons who render a service and do not sell a commodity would be obliged to add a fixed tax to your bill, which in turn would be forwarded to the federal treasury. The politicians, for selfish reasons, would have it appear that the government's resources are unlimited, but this is not true. Eventually you will find an official statement to the effect that relief expenditures cannot go beyond next winter. The campaign of organized labor on behalf of a 30-hour work week as a panacea for unemployment may provoke cheering among members of congress frightened by the labor forces. However, it is not likely to find much support at the white house. Efforts to obtain the president's endorsement. for a 30-hour week failed last winter, and it is known that he is still unconvinced that this drastic shortening of the work week Would furnish a remedy. Even the backstairs gossips, who magnify every rumor and whisper,, agree that the President is determined to retfein the NRA in principle at least. He feels that some changes fiiay he necessary in the machinery at NBA and will recommend a continuance of the Act which created the Recovery Administration when congress meets next winter .... , v * V There has. been much grumbling about the social legislation which the President suggested to congress last June. Several Committees are at work drafting plans for the consideration of the chief executive and the congress. The elections next month may force some changes in the final drafting. When these administration schemes involving legislation for social and economic problems are finally made public the alarmists and critics will probably be greatly surprised. The administration's committees are now exploring the field of unemployment insurance, old age pensions, stabilization of production, etc., with the idea of amalgamating the proposals into a workable system. In fact, legislative measures are already draw®! for the consideration of the Preside®!" and his cabinet, which involves a syi» tem intended to stabilize production, and Wages. It appears that the basic factors arte to restore purchasing power through re-employment of mil* lions of wage earners, stimulate ,tl|® greater circulation of capital, and restore credit. The details jiave not yet been worked out by Presidential committees for they are confronted with such practical stumbling blocks a* politics and human nature. Behind^ the scenes here, the conviction grows that the 1 economic laws .must tak»« precedence over welfare theories which placed millions of families on relief rolls. The administration wflln shortly trot out a portion of the new program as a trial balloon to determine public reaction. :; iv It is understood that a halt will be •/ called on the flood of requests foir Public Works projects after the ele?-^ ? tions. The white house has indicated / that reservoirs and bridges will xu>~ longer be built by federal fundst. IS-":*. stead, the relief money will be coi^ centrated on elimination of gTad» crossings and for new highways. T!& : abatement of slums will proceed ©ft, a revised plan. The scheme of tran|i- " ferring needy families to small ,tow##;i has not been successful. Even po<ar ? families in the tawdry slums reseat being transplanted. The prevailing j idea is to confine the srubsistent home- ^ steads/ to less 1 densely populated suburban areas where a man may operate a garden and reach a job in tha center of employment. f <y "Star of Am First Wafer" The limpidity and luster <of a clous stone are sometimes referre<§ to as "of the first water"; a diamonit * ° "of the first water" is one perfectly • pure and transparent. By extension, almost anything of the highest quality may be spoken of as "of the first ' water"--but the phrase seeats legs ap* ; plicable to a star. # . home of Mrs.' Anjia Lusk.. Mr. and, Mrs- Frank Dowell and daughter of Elgin spent the weekend here with Mr. and Mrs. George Dowell. COMPTROLLER COMMENDS INSTITUTE OF BANKING WASHINGTON, D. C.--The Amerlcall Institute of Banking, said to be the most successful project of its kind in the field of applied adult education* has performed a valuable function in training bank clerks for "sound put> lie service as well as personal success," J. F. T. O'Connor, Comptroller of the Currency of the United States. Bald here in a recent radio address. The Institute is a section of the American Bankers Association. "While imparting useful knowledge, it has Improved the morale of banking personnel and has stimulated in its members an Intelligent interest in national and International monetary problems," Mr. O'Connor said. "Its courses cover a wide field in banking. Among the subjects, one finds. Bank Organization and Operation, Commercial Law, Negotiable Instruments Law. and Economics, in the Pre-Standard Division; followed by such subjects as. Money and Banking, Credit. Management, Financial Statement Analysis and Bank Management, in the-8t&ndard Division. "Each and every subject is one which 4i-necessary to a knowledge of banking. However, the institute does not stop here, but encourages graduate study in Corporation Finance, Trust Service, Farm Credit Administration and Business Forecasting. Again it emphasizes In special courses the importance of the less technical but highly beneficial study of Constructive Customer Relations, Banking Fundamentals and Public Speaking. No comment Is necessary on these courses: their value is at once apparent." HOW ONE FARMER HELPED HIMSELF •' 'a ' \ ' - ' A farmer accustomed to keeping records- -found that it cost $16.50 to produce an acre of corn. His average yield was 33 bushels, selling for 50 cents per bushel. On thl3 basis he was producing without either profit or loss. A study of his costs indioated means by which th«i yields might be increased without proportional expenses. By making use of tacts discovered at the Ex periment Stations, the farmer secured an increased yield of four and one-half bushels per acre (37 Vi bushels, Instead of 33). By Increasing the yield and holding down expenses, this ^farmer was able to~make a profit of six cents per bushel. , ^BOOKLET ON FARM CREDIT.. , A booklet has been published by the Agricultural Commission, American Bankers Association, on "Factors Affecting Farm Credit," for the purpose of furthering on a national scale the taking of farm inventories and the making of credit statements as sponsored by the commission In Cooperation with the state colleges of agriculture and the U. S. Department of Agriculture. The goal is better relationships between farmers and their banks. The booklet is davoted to the types of loans generally required by farmers, the need for farm credit, how it can be obtained, when it is safo to borrow, what principles to follow to establish credit in advance of needs, and how both the lender and borrower are tnterested i sound, productive farm credit. George H. Buckley of Iowa has been appointed assistant to JameS A." Mbffett, federal housing administrator. He is in charge of all administrative func- Sownd From Earthquake An earthquake of some Intensity Is accompanied by sound. This la variously described as resembling thunder, Soar of artillery or crashing glass. It Is actually a low-pitched rumbling used vibratory motion of the air wWi. froood waiM. -, CMBed by vll Parochial Parochial schools In the United , . . States date from the early Seventeenth century, the first schools having been 'ounded at that time In Florida and Sew Mexico. Prior to 1770, 70 Roman aCatholic school existed within the present confines of the United States. _ Magic o' Ptom always to : the tendency for mankind Is to belief* la the magle of education to ~ Of Q NEW "EYE-SAVING LAMPS NOW ON DISPLAY Designed for Better Seeing Table lamp for study room or living room. Approved by Illuminat ing F.ngineering Society. Beautiful metal base finished in bronze and gold with distinctive tapered shaft. Attractively designed parchment $ lujSTev Price Indirect and direct floor lamp with new three-intensity light for general lighting, reading, sewing and bridge. Pure silk shade. *7 Price only Approved eye-wwr ing'* lamp for indirect and direct lighting. Has attractive bronze finish base wi th decorated parch ment shade. sop. Price only • Adapter kitchen lighting unit, screws in ordinary socket Gives comfortable, glareless light for kitchen work. SJ40 Prtc* 0*0 Attrscthi iy$~s*9ing lamps m* mf f being shown by «tber dtatirt Bemr Ligkt ... Fall Is Here Again* Which means that it's, time to think of getting your car ready for winter* It is more necessary to have if in perfect condition in cold weather than during the summer. We are prepared to take care of any motor needs. Satisfaction guarantee^ " " 1 SMITH'S GARAGE (low 320 McHeiry Elm St. and Riverside Drive three members of my family made happy -- just by changing the lighting in our home My husband suffered from constant headaches till your new "Better Sight" lamp banished them Changing the shade on Jimmy's reading lamp gave him renewed inter est in his home work Dorothy squinted constantly, until the reading lamp in her room was changed. Ayo&4 eyfe strain with proper light. Send today for our free lighting test ©f your home. IN two out of three homes, say lighting experts, incorrect lighting threatens eyes. Xo protect eyes, 20 to 30 foot-candles of light should fall on the printed page. This should be properly diffused with no glare, no deep shadows, no contrasts to "cause eyes to change focus frequently. Under such lighting eye tension is relieved. Your body relaxes. Your nerves relax. Many homes lack correct lighting \Tiost women would be only too glad to giye their families the benefit of safe lighting; to protect the eyesight of their children. But they have no way of measuring the kind of light their lamps give. And so night after night eyes struggie on with danger of permanent injury. How to get it In the last few years some wonderful discoveries have been made about proper lighting. Lighting engineers have found that just by changing the position of shades, by raising or lowering the height of bulbs, and by designing a special kind of 'light reflecting" shade, these handicaps to eyesight are completely overcome., Your Public Service Store has a variety of tltcse properly designed lamps for sale. They are beautiful as well as safe for eyes. Come down and see diem and at the same time learn, from our better lighting display, simple and easy ways in which you can improve the lighting in your home. And get Free, a marvelous little device called "The Lighting Tape Measure," which enables you to tell quickly whether or not each_ lamp in your home is providing safe light. "Act ^ at once. Don't allow the eyes in your family to struggle unaided another night. Which is YOUR lampf Lamp 1. Bulbs too low, sides of shade too sloping. Result -- glare, "deep shadows, eyestrain. JLamp 2. Bulbs at right height, shade of correct design. Result -- restful light, precious eyesight protected. FREE at your Public Service Store, "Lighting Tape Measure" to test your lamps. TGet it toaay. ? U"' Better Sight M Public Service Company # ** OP NORTHERN ILLINOIS Telephone; Crystal Lake 280