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• * ' ' Thursday, June 20,1935 'i^W"WW'Z% * *" THE McHENRY FLAINDEALER rage seres SLOCUM'S LAKE Mr. and Mrs. Earl Converse and •-daughter were business callers* at oodstock Saturday evening. ^ 1 Harry Matthews and sons were " ~~ .Callers at Lake Zurich last Friday. Mr. and Mrs. Ray Cook of Zion were Saturday dinner guests at the home of Mr. and Mrs. Wilbur Cook. Arthur Wackerow wasaealler at oodstock last Saturday evening:. , Mr. and Mrs. W. O. Brooks of Libertyville spent last Friday evening at the home of Mr. and Mrs. H. L. Brooks. ' . « , Mrs. Claire Smith called on Mrs. -Clara Smith Monday evening. ,, * Mr. and Mrs. LaDoyt Matthews of forest Park spent Monday with relatives at Oak Glen Farm. | Miss Marjorie Davis spent the latter part of last week at the home, of tier cousin, Miss Dolores Powell. Mr. ami Mrs. Earl Converse and /.'daughter spent Friday evening at the ' V $.ome of Mr. and Mrs. Wm. Davis. V'V^ H?8- Celia Doyrell and daughters were business 0 callers at McHenry .... Friday. > { ' Mr. and Mrs. Johls Blomgren were ."""'^amoiig the guests who attended the graduation party of Robert Lager- ^ ^ ' lund at the home of his father, Mr. G ! y Lagerlund at Elmwbbd Park Satur- „* day evening. Mr. and Mrs. W. E. Brooks and son and Otis Phillips enjoyed a birthday dinner at the home of Mrs. Ella Parks at Park Ridge Saturday. In the evening they attended a flower show -at the Central grammar'school. Mr. and Mrs. Ray Dowell and daughter* Dolores, were callers at Woodstock last Saturday evening. Robert and Lyle Matthews spent Monday with their cousins, Earl, Jr. and Susan Ann Matthews at Wauconda. | Mr. and Mrs. George Eatinggr were Sunday supper and evening guests at the home of Mr. and Mrs. Ray Dowell. Mrs. Ray Dowell and daughter, Dolores, spent last Thursday at the home of Mr. and Mrs. Earl Davis near Wauconda. , Mr. and Mrs. John Blomgren, Mrs. Harry Matthews and Willard Darrell attended the Plunket supper at the Federated Church last Friday evening. Mr and Mrs. Joe Sehrer of "Fox Lake werp Sunday supper and evening guests at the home tit Mr. and Mrs. Fred Nordmeyer. Mr, and Mrs. Harry Matthews and sons, Willard Darrell, Elmer Esping and Mrs. Joe Dowell and sons, Pete and Harry and daughters', Alma and Alice; attended the Lake-McHenry Co. farm bureau baseball game at Grays- Jake Saturday'. Lake county won hy a score of 8-6. The next game will be played Saturday June 23 at Woodstock with McHenry county. ;V * Cat* Acd<Uat Victims Accidents natural or otherwise usually end a cat's career at an early age and comparatively few reach the goal of twelve or fourteen years. I SELL FARMS The following Ads. appeared in the Chicago Sunday Tribune under Illinois Farms for Sale, under date of June 2nd. QllBOil. WHY HESITATE--YOU'LL HE LATE. buy. a round trip on the Northwestern or drive out. The Quinlan's have been .here 97 years and when they tell--It'a bo. They know all the soils, sub-soil! * and corner stakes of nearly every farl& in this part of the state--cheap on4i arid good ones and some good ones cheap., '--choice of prairie or timber and strearft. KJfacres up to 1,000--prices right, terni® and a good time to buy--and again wi7 say $100 reward for the name of any •man living or dead'who has sold more • McHenry County Real Estate than has " Dan Quinlan--that's all he does. Privaw long distance phones 50 and 54. I Seft Farms. Dan Quinlan, Woodstock, ll^ir • 60 miles northwest. ' 20 A., *500. 40 A., »2,000. 80 A., ,$7.50j|. 160 A., *12,000. 240 A., horses, 60 cowii base, mch. and crops, *25,000. large ones, • small ones. Dan Quinlan, Woodstock, 1% We have had quite a few foreign real estate men who break in when there is a little spurt in business and tjsy to take over the sales of McHenry County farms. McHenry County has a number of good reliable real estate men. Those having farms or property for sale would do well to deal with someone they know, and who has a reputation for fair dealing'. ...List your farms with Dan Quinlan. Mermaid Persuades "Bob" to Dine "Bob,"' a 408-pound tortoise 4n the Department of Commerce aquarium In -^Washington, didn't feel just right recently and for some days refused to eat. go Miss Doris Anderson dived down into his tank With a Mg bead of lettSee ,and after much coaxing persuaded him to devour it. • Battleship Salvaged Upside Down .oar N&; CHANGES URGED IN BANKING BILL Business Men and Bankers Agree In Objecting to Political Control Over Banks. AMENDMENTS ARE SUGGESTED PGIitlca! Domination of Federal Reserve Board Declared to Be Undesirable for Depositor* Its Well as Their B«tf* v i.J When the German battleship Bayern, scuttled by her crew in the watera " #f Scapa Flow after the armistice,1 was salvaged, she came to the surface upside down. She is here shown as she arrived at Rotyth, Scotland, to be b r o k e n o p t o r a c r a p m e t a l . -- ; -- ~ T ; w ; - -- -- - - WASHINGTON, D. C. -- Business men and bankers alike who have appeared before committees ot Congress to present views regarding the Banking Act „of 1935 have found com-1 mon causa for criticism in those provisions which they agree would create the means for undesirable political control over the Federal Reserve System and thereby over individual banks throughout the United States. They have made the point that this undesirable .condition would affect depositors In banks even more than the b&nks themselves. This view has been stressed in criticisms by the Chamber of Comtnerce of the United States, and the questions? partisan control over banking was the centra] theme of a statement presented by It S. Hecht, President of the American Bankers Association, who appeared before the Senate Sub-Committee on Banking and Currency hearings here. Mr. Hecht declared that his organization is actuated by a desire to be helpful to Congress "In enacting effective and workable banking legislation in the interests of all our people." He said in part: "If it is finally decided that it is necessary to carry this legislation through at this session, we are strongly of the opinion that special care should be taken to keep our credit control and banking mechanism free from any sort of political considerations. "In making this statement I do not wish tB appear to question the propriety of the Government's exerting a certain amount of control over banking operations so far as they affect the nq,-. tion's currency and general monetary policy. Nor do we object to broad powers of supervision over the operation of our banking Institutions because of the semi-public responsibilities they carry. But when it comes to such matters as the granting of credit ahd the making of investments by our banks, these are questions of business policies that sure ly should not be under the sole control of a board so constituted as to be Ge pendent upon partisan or political considerations under any administration. The Basis of Sound Credit "The real conditions that create the necessity for the expansion or contraction of credit arise from the needs of agriculture, industry and trade themselves, wholly independent of the administrative policies of the party which happens to be in power. We feel that the financial requirements of the nation's business constitute a continuing economic process that is not related to political changes. The fundamental principles of sound credit do not vary with variations in public thought All experience teaches that the quality of credit Is sound only so long as it is based purely on the requirements of sound business. It Is not sound when any other considerations or motives rater into Its composition. The Banking Act would centralise la the Federal Reserve Board at Washington means aimed to control the supply of money in the country, which term includes the sum total of currency in circulation and demand deposits In the banks which become current through checks. The powers which It is proposed to give the Board are Intended to enable it to influence the quantity Of this deposit money through open market operations, the discount rate aad reserve requirements. The Need lor Independent# . "That Is the reason why we are ss strongly in favor£lof making the Fed eral Reserve Board a body of such Independence and prestige that it would be definitely removed from all political thought, influence and dictation. Its members should be free to study and to act in accordance with the needs and conditions of agriculture, industry and trade. The policies of the board should have no reference to the politics or the changes in politics of the national ad ministration. "In our studies of the bank bill, we have been strongly impressed with the fact that it would set up a situation on der, which the Federal Reserve Board and its policies might be subject to con • trol front the political administration of the country. In saying this I do not charge that it is the intention of the present administration "to bring about any undue control over the nation's banking mechanism. The point is that if the bill passed as now proposed, op portunity for control would be there for the use of the present or whatever future administration might be in power. "Our criticisms of the bill are not aimed, therefore, at the motives of.the "present administration, but tfiey are wholly impersonal and non-political and are aimed entirely at the basic principles involved." ' ; , Deiirablc Changes Proposed Careful study by his organization, Mr. Hecht said, had resulted in a nam her of suggestions for constructive revisions in the bill which he submitted to Congress. On the other hand, he de dared that many of the changes proposed by the act In existing laws "are of a constructive nature and should have the support of bankers, if the method of appointment and the tenure of office of the members of the Federal Reserve Board, In whose hands It is planned to concentrate greater power than ever before, couhJJje so altered aa to Insure, as far as possible, the absolute independence of the Board from partisan or political considerations." He added: Supreme Court of Banking **Since the passage of the Federal Reserve Act over 20 years ago, opinion In Congress and among bankers has been striving towards the ideal of making "the Federal Reserve Board a body of such Independence and prestige that it might be described as. the Supreme Court of Finance and Banking. We believe there is greater need now than ever before for realizing this ideal." Farm Bureau News BETTER PASTURES ARB MOT ENOUGH FOP BEST IfERD PROFIT Pasture conditions in McHenry county are much better-'than they were a year ago, but this has not solved the feeding problem in the light of experience of close observers of better dairy farm management practices according to Farm Adviser John H. Brock. Heavy producing cows ordinarily do not eat enough grass to maintain body weight and at of the farm management recommendations is easily appreciated. FARMERS LEAD IN FATAL ACCIDENTS More persons are accidentally killed in farm work than in any oth6r; occupational pursuit, says the safety division of the Illinois Agricultural Associatjpn. According to a recently completed survey made by the National Safety Council, it is estimated that 4,400 were killed in 1934 agricultural mishaps, as Compared with 1,900 in manuaeturing and 2,300 in construction. In Kansas, where farm accidents have been studied over a five the same time hold up production'year period it has been found that throughout the pasture season, he J machinery accents for 29 per cent po'ipted. qut. Feeding some grain on j of the accidental deaths--leading the « Sii#§ mm :<V«& pasture is especially important where short rations of poor quality duriftg the past winter have left cows in thin condition, he said. „ The best guide to the amount of grain supplement needed by the dairy cow on pasture is her production, according to the results proven by the dairy herds enrolled for efficient list as a source of fatal injury. Only animals come close to that figure as an, accident cause, accounting for 22 per cent of the Natalities. Farmers do not come Under the workmen's compensation act, which to some observers is a part of the answer to the lack of proper saftey precautions on farms. Yet, many R. S. HECHT Mr. Hecht emphasized that it is "the genuine desire of the banking fraternity to be helpful and constructive In making suggestions in connection with this pending legislation. The change* we are urging are we believe essential to the continued independence of the Federal Reserve System." "We have made it clear that we do not object to a measure of public control in the national interest for proper) coordination of our manifold credit operations," he said, "and we do not believe the sponsors of the legislation desire any political domination over these activities through our Federal Reserve System. "Under such circumstances we feel that our recommendations should be favorably acted upon because they would enable the reconstructed Federal Reserve Board to function freely as a nonpolitical body actuated only by the dictates of sound financial and' economic policies conceived in the inter est of all of our people. "The adoption of our suggestions would both place operation of the Federal Reserve System wholly and distinctly apart from the fluctuations and vicissitudes of political conditions and free from undue Influence by banking opinion only. Sach a solution would thus have a stabilizing and confidence inspiring effect am the entire fcaalaeas situation." production in the three Dftiry Herd . farmers, some from McHenry county Improvement Associations in McHen-|have had experience, with "common ry county.. Jerseys or Guesnseys pro- jlaw" liability decisions and have paid ducing more than 20 pounds a day j judgments, for injuries to hired help, .should receive pound of grain, for j Some years ago the Farm 'Bureau in each three and one-half to foiir Response to requests from. Members pounds of milk above 20 pounds. J brought out a farmer-employers' lia- For the larger breeds such at H(fl- jbi'ity insurance policy for the purstein and Swiss, the grainv ration j Pose of protecting farm operators should be started when dail\ milk ^rom extravagant claims. In face of is/a. coiv. j prevalence and seriousness of farm accidents, the rates have been kept low and farmers throughout the state have availed themselvea of its protection. WHY PEOPLE LAUGH AT "THREE MEN ON A HORSE" Laughing, sensational "Three Men on a Horse" is now galloping through its third record month at the Harris Theatre, Chicago. To quote Ashton Stevens, of the Evening American there, "this play is the one big hit of the stage." A most interesting analysis of why people laugh %t "Three Men on a Horse" comes from the pen of Charles Collins, veteran stage critic. Taking up an entire page in the Chicago Sunday Tribune, this hard-boiled review - er wrote: "Everyone agrees that Three Men on a Horse' is a very funny play. It's the Comic hit of the stage. Three companies are now playing the show in New Ybrk,. Chicago and Los An- S geles simultaneously. More than that, twelvie foreign countries already have * made bids for production rights. These facts, coming in a period when ',, , j the legitimate theatre is reported to -Y* j' production «X£ej?ds 25 pounds. Cows of these breeds should get one pound of the grain ration for each four to four and one-half pounds of milk in excess of 25 pounds. Regardless of the breed, thin cows should receive more grain than those in good flesh. During the spring and early summer season the grain ration should have an average tofal protein content of 10 to 12 per cent. As the season progresses and pastures become dryer and less palatable, the protein content of the grain ration should be increased". A 15 per cent ration will usually meet pasture conditions of late June. In late summer however, the grain should contain an average of 18. per cent protein unless legume hay is fed with the grain. The percentage of protein may be varied by the use of various grain combinations. The amount of grain.aa well as^the protein content will .need to be increased as pastures fail, if milk production is to be maintained at profitable levels.~"~~ ' " ' ' F. W. Sayler and daughter, Joyce, of Woodstock visited his parents Sun day evening. DrTC. Keller OPTOMETRIST Sundays and Mondays at aay Summer Home, Riverside Driv^, McHenry, 111. All Kinds of Repairs, TeL lll-lf be in a decline,, are unOsual Therefore, an inquiry into the causes of this surprising vogue is in order. "Why is 'Three Men on a Horse' a funny play? Why should it have this sweeping success when hundreds of other. plays* equally well acted and ® -V T ' " * ; 5 p" > ' * +• v written by equally clever authors, % V'-' fail utterly or live only long enough - vi- ' to become fodder for the cinema? 'Throughout its six scenes, 'Three Men on a Horse' shies fpom the vein of humor that has been in- fashion for the last five or ten years. Satire and cynicism have flooded dramatic ' writing, and every playwright has been straining to follow the fad of 'sophistication.' Three Men on a Horse' breaks away from all that and returns to the fundamentals of comedy." Banks Rapidly Reduce Debt ACCOUNT SUMMARlftfc RETURNED TO 16 FARM ~ CO-OPERATORS Summaries of the 1934 frfn business records were returned to 16 cooperators in the. McHenry County Farm Bureau farm account project by farm adviser John H. Rrock and G. L. Reuss of the Department of Agricultural Economics of the College of Agriculture of the University of Illinois. In addition to receiving the information on his own farm, each co-operator was given the analysis of 54 farms in McHenry, Boone and Winnebago counties that were included in the report. Farmers completing farm account records for the past year include Wm. Wittmus, Alden; Clyde Wingate, Crystal Lake; Pearl R. Brown, Harvard; J. Russell Beard, Ralph Nichols, Hebron; Willard H. Cook, Stanley Church, Huntley; Boise and Pope, John Killeen, Walter Polnow, John Shearer, Ben Forester, Marengo, P. A. Millin, Overton and Behrents, Richmond; and A. B. Mc- Connell, Walter Schuett, Woodstock. The farm earning of the 54 co-operators in the three counties showed an increase in 1984 over those of 1933. This is the second consecutive year of improvement in the business of these farms. The three years previous to 1933 showed very low returns. These 54 accounts show for 1934 an average net income of $1,337 per farm, as compared with an average of $37 in 1933, and an avergae net loss of $213 in 1932. The average cash income in 1934 was $4,125 per farm, the cash expenditures, $2,512 per farm, leaving a cash balance of $1,613 to meet interest payments and family ---------- living expenses. Besides the cash in New York.--In a bulletin issued by come there was an inventory increase ; the Bank Management Commission of ; of $372 per farm due to the rise in j the American Bankers Association, the prices of farm products. This in- | Although the turn of $1,860,000,000 has been advanced to hanks and trust companies toy the Reconstruction Finance Corporation since it began operations ta February, 1932, down to April 30, 1935, these Institutions have repaid so less than $1,840,000,000, or more than 72%. This rate of repayment Is reported as being considerably in excess of that made by any other type of borrower. Loans were authorized by the Recon structlcm Finance Corporation to 7,396 banks and trust companies in an aggre gate amount of $2,360,000,000, but of this sum $345,000,000 was withdrawn or cancelled and $140,000,000 has not yet teen taken out hy the borrowers, * Simplification of Bank Checks £KUe sou, , l/ tJ plans are described for carrying on theu simplification of bank checks, notes, drafts and similar instruments In re spect to size and uniformity ^>f arrangement of subject matter. Detailed recommendations for this end were formulated 4jy the associa tion about ten years ago, the bulletin says, and promulgated by the United States Department of Commerce among banks, business houses using largo numbers of checks, commercial station ers and lithographers. As a result about 85 per cent adherence to the recom mendations was brought about. The present bulletin,' which describes the standard specifications in full, is issued to maintain this high level of adher- National Bank Notes Changes In our money on the seate of about $800,000,000 are now going on through the retirement of national bank notes. This is reflected in increasing deposits in the Treasury of lawful money to replace bonds held against outstanding notes 'which will reqnlre some time for withdrawal from circnla tion. The change In the currency will re- Quire a considerable shift of bank funds^ in many cases, but it is doubtful if »o large a volume of currency has ever been, retired and replaced in any conn try with so little disturbance. First Steel-Ribbed Umbrellas ; Ribs of steel In umbrellas were first Introduced in the middle of the Nineteenth century. Prior to this time, whalebone was employed for the pnrfoae. Navy Requires Sound Teeth A man may not be enlisted in the navy If he does not have 20 sound teeth, of which four are opposing molars and four are opposing increase, added to the cash balance, ,re- ! suited in an average excess of receipts I ever expenses of $1,985 per farm The j inventory increase was a larger part | of the total farm income in 1934 than in 1933. After allowing a total of $648 for the labor of the farmer himself and the members of his family the average co-operator received 4.91 per cent on an average investment of $27,243.; Allowing a return of 5 per cent on invested capital, the average co-operator would have received only $484 for his labor and that of his family. In considering the data of these summaries it must not be considered as representative Of average farm conditions, for rthey were secured from farms which are larger than the average, and which were managed by farmers who are more efficient than the average of all farmers in the county. The efficiency of these co-ope ratport ion of the summary which discloses that on an average the account keepers received $138 for each $100 of feed fed to productive livestock and in dairy sales averaged $100 per cow. The average net receipts per acre were $6.34. A number of farmers who have kept farm account records for a period of years have many- times pointed out that this project is one of the most valuable projects available to farmers in the county .through the services of the McHenry County Farm Bureau. ° In discussing this matter with Farm Adviser Brock it was pointed out that the records are started as of January 1 each year and that any interested farmer is urged to get more details from him. Whenever there are as many as 30 completed accounts jn the county it will be possible to have a summary for McHenry county alone. With a summary of our own county tiie opportunity for better utilisation ' ^ Many Accidents Are caused by faulty brakes on cars which have been run too far without, having them looked over. Your car might be the next one to crash if your brakes are not working properly. The cost of an adjustment or a little repair would be sliglit eompared to a wreck. Drive ia tou c v ; ; - : . . r v r SMITH'S GARAGE -iie. MclUuij Elm St. and RWenM* Drift Phone 200-J Fred J. Smith, Prop. Johnsbtug The best equipped garage in Northern Ifthiois. We oan take care of any kind of an automotive repair job and g u a r a n t e e o u r w o r k . T _ -- v -- Standard Service Station J'.X'-i"'1." • " • 111 Hi1, 24-Hour Towing Service (Handy Location for Summer ResidflPte) FRED SMITH, Prop. ; MONEY to LOAN I am prepared to make loans on Farm lands or City property. Prompt Service. Good Unsecured Notes Purchased L. Y. S1KES Grayslake, Illinois. Telephone Grayslake 32 i ' 2 ; Residence Telephone, Grayslake 236 ::m • t *r"TJ Yes You Can Buy a Made Tire (Guaranteed For Life) for less money than you pay for an unknown ... ... Read these prices: $4.2* S4TO 30x3 W 29x4.40-21 29x4.50-20 30x4.50-21 28x4.75-19 29x5.00-19 30x5.00-20 28x5.25-18 W 30x5 Truck--8-ply : *32x6 Truck--10-ply HD ! WE TRADE IN TIRES OF ANY SIZE $493 $515 $5 4* $5-83 $605 $642 11586 $2695 Walter J, Battery Charging, Fan Belts. Radiator Hose Hid ^ Spark Plugs, Etc., to Fit Every Car or Truck TIRE REPAIRING AND VULCANIZING Phone 294, West McHenry, Illinois •:4