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*: * " *• *' 1 * , ' • ' * * : W: fT« AiTtiujUmBB '. . •* c; *-: .-•'" -"..- .--v--'..v: .v^" • .-. SLOCUM'S LAKE Mr. and Mrs. Earl Converse were business callers at Woodstock last Thursday. H.' L. Brooks and guest, Wm. Birkett, of-Shell Lake, Wis., were callers at Libert yville last Friday. Mr .and Mrs. Elmer Esping/Were callers at Crystal Lake Monday. •: Mrs. Sarah Fisher of Volo spent last Thursday at the horne of Mrs. Clara Smith. ' • Mr. and Mrs. Walter. Vasey of Volo visited at the home of Mr. and Mrs. Harfy Matthews Sunday evening. _ Mr' and Mrs. Earl Converse spent Saturday evening at the home of Mrs. and Mrs. Ira Cook and da 3S5 • Pliilena Davis. lJMr. and Mrs.. . . . of Wauconda spent last F ' .evening W the home of , Mr: and Mrs,, W ilbur Couk. - V Mr.>and Mrs. Elmer Esping and Mr. snd Mrs. William Darrell and two ; "cPildren, of Wauconda were callers jitj LOVES HIS MASTER BANKING SYSTEM SHOWS PROGRESS .... .^4^----.- Stat® Grow More Than Three Billion .Dollars in a Year NATIONAL BANKS GAIN American Bankers Association Gives Details of Banking Institutions and Notes Stronger Condition 4 . HOW THE BANKS AID THE GOVERNMENT " V e . ...minrr The devotion of a dog to his rnas- • ' MrTml Mrs. John Blomgren amii »as strikingly illustrated when .... . v • TuJ£>"«: Z Cmv M,. ami Mr*. °n ."""moMfcrn I.oS Anceles. Al- LUndeerr in Chicago K Mrs. H. L. Brooks is spending this - * 'Jweek at. the home of her daughter, Mrs. A. L. Barr at Plyrhouth, Mich. Mrs. Raymond Lusk and daughter ' is spending this week at. the home of Mr. and Mrs. John Blomgren. Charles Strom-and John McQueen of Cedar Rapids, Iowa, were Thursday guests at the home of Mr. find Mi's. John Blomgren. Mrs. 0. Pretzman of Richmond sperif Monday evening at the home of her parents, Mr. and Mrs. Pagf . Smith. - ' :' and Mrs._Joe Dowell and daughtei. Alma," and son, Rollin, attended the movies at Woodstock ; Tuesday right. . . v' Mrs, R. J. Kirk and daughter, Dar- Mene, of Geneva.spent the past week fit the home of- Mi1, arid &rs. Ray Dowell, Rav Dowell was a - at Lake Zurich Saturday. . Mrs. Ray Dowell and daughter, and •guests,' Mrs. R. J. Kirk and daughter, visited at the hbme of Mrs. W m. Harris at Woodstock last Wednesday.. Mrs. Ray Dowell and daughter, Dol- 'pres. and Mis, R. J, Krik and daugh-: ter, Darlene, visited Mrs. Jane Eatihger fit Wauconda Wednesday evening.. • • . . Mrs. Martha Baer of Chicago, who ha? spent the past* eighteen days at the heme of Mr. and Mrs. Harry Matthews is visiting now at the home of Mr. and Mrs. Charles Carr at Rii>g~ •wood. though critic refused to lea at the hospital. injuted,. th6 dog. master's- side •!'.;, 1 HITS FOUR HOMERS 3 lily lake Chuck Klein, slugging • outfielder of the Phillies, became the fourth baseball player to clout four home runs in a single game, when he achieved that distinction in a recent 1 game against Pittsburgh. A meeting of the Lily Lake Ladies League was held Tuesday afternoon at the Jewel Tower. Prizes were won by Mrs. Jacobs, Mfs. Schelkops, Pearl Roske, Mrs. A. Olson, Eleanore Wegener, Mrs. A. London, and Sophie Esscr. < -Mr and Mrs. Fred Dosch spent k ' few days in Chicago at the home of his sister, Mrs. Eva Marinier, wh.i was very ill and passed away Sunday morning. Mr. and Mrs. C. 0. Swanson ' and daughter, Lois, and Josephine ' Dosch and Mrs. Josephine" Daly at- ;ter.ded the funeral of Mrs. Eva Marir. ier, Chicago, Tuesday afternoon. Mr. and Mrs. John Moran, Mr. and Mrs. Joseph Moran spent Sunday at the home of Mr. and Mrs.C. Blum. Misses V. Brady and M. Hubbell of Chicago were visitors at the home of MWe Budil over, the weekend. Members of George Sielisch's Club, thfc I. M. C. E. of Chicago-, held a picnic at Lily Lake Sunday; Cards and bunco were played and prizes were gi\ en and a'lovely time was had by ali. MADE "PAJAMA FLAG" Caught in the civil war while vacat of Spain's in the •Mr. and Mrs. Joseph Daly and Gen- sunny peninsula, this young lady eyieve Daw were Grayslake callers on .Saturday.; - ' | Mrs. L. Wegener spent the weekend- at her home at I-ily Lake. ----_-- j Mrs. J. Moran is spending a week -at the home of her daughter, Mr. arid I Mrs, C. Blum at Lily Lake. j Mr. and Mrs. Art. Olson of Chicago j visited the home of Mr. and Mrs. Fred Dcsch Saturday. Mrs, Edward Weisbaum was a Chi-1 cago visitor Monday. Mr. and Mrs. Harry L. Miller and! Mr. and Mrs. Gray of Cicero spent the ; weekend at their home at Lily Lake^ , Mrs. L. Gannon and Mrs. H. Gannon have returned to Lily Lake, after spending a few days in Chicago. Mr. and Mrs. C. O. Swansofi and Mrs. Fred Dosch were Woodstock and Crystal Lake callers Friday. Mr. and Mrs. Hanson and baby daughter of Chicago spent the week-1 end at his summer home. ., Mr. and Mrs. Edward Senk of Chicago spent the weekend at the home of her parents, Mr. and Mrs. Gus Lipiirt. . ' 1 :.-:.rV... . Mr. arid Mrs.Gus Schweighofer find daughters, Cathrine, Marie, and Doris, j-pent. Sunday at their summer home. Mr. .and Mrsv. L. Tookey of Chicago visited the home .of Mr. and Mrs. C. 0. S\varKjori Saturday evening. Phyllis: DePuye of Chicago spent a ftw days at the home of Mr. and* Mrs. .Fre.J Docsh. Mr. arid Mrs." Vickory and Mr. and Mis, Popps of Lombard visited the homes of Mr. and Mrs. Wrublewski ar ! Mr. and Mrs. Ed Marsh Sunday.' craved the protection of "Old Glory." No banner being at hand, she and her two chums built themselves an American flag from red and white and blue pajamas, and proudly bearing it aloft, proceeded through the war-torn streets to the American consulate for refuge. Her name is Eleanor O'Kane, and she comes from Philadelphia. YORK.--Continued improvement in the condition of'state char> tered banking instlfulioils. with an increase of more than three billion dol» lars in a year in total resources, is shown in a report Just issued fay the State Batik Division'of the American Bankers Association. " The report was prepared by the 'division's Committee on State Bank Research from data furnished by state banking departments and parallels data issued by the Comptroller of the Currency for national banks which show similar improvements, : "The combined resources ofc 10.473" state supervised banks were $35,724v 723,000 as of December 31, 1935," the state bank report says. "Total deposits amounted to $30,526,920,000. Total loans and discounts stood at $12,430,- 404,000 and fotal investments were $14,170,421,000." v A year previous, tablets in the report show, there were 10.644 state su-. pervised banks, with combined resources of $32,680,203,000, total deposits $27,297,959,000. loans and discounts $13,060,033,000 and irivestments $12,- 582,325,000. Of the reporting state banking institutions on December 31, 1935, 82% were commercial banks, the report States. 9% trust companies, almost 9% stock and mutual savings banks and less than 1% were private banks. The report adds: "The paraflel upward movements of deposits and total invested funds of total state supervised banks during the years 1934 and 1935, after declines in these items in 1932 and 1933. are" In* dications of definite steps toward .recovery in banking. "Based on figures assembled tor total state supervised banks on resources and liabilities as of December 31, 1931 to 1935, it is noted: (1) that deposits ip 1935 rose approximately 12 per cent over the previous year, as compared with an increase Of about 9 per cent in 1934 over the year 1933, and declines of 7 per cent and 12 per cent in 1933 and 1932, respectively, from the pre ceding years.of 1932 and 1931: and (2) that total Invested funds increased by approximately 2 per cent in 1935 and also in 1934, while they had decreased by 9 per cent In 1933 and by 11 per cent in 1932." •' • Analysis Shows Stronger fosition In a survey and analysis of earnings and expenses of state banks doing a commercial business, it is brought out that in a majority of states they Have increased their earning ability during 19.35. On the basis of data covering 7.928 banks In 42 states, the report "The most significant fact to be pointed out is that new profits of state banks--after deducting charge-offs on loans, investments, etc., and adding recoveries--were shown In 37 of the 42 states which reported in 1935, In comparison with net profits in only 1] of the 35 states reporting in 1934. Measured in terms of dollar^ per each $100 ,of Invested funds, net profits in 1936 ranged between $2.40 and $.10 per $100. with 19 states showing profits of $1.00, or over, per $100; while in 1934 net profits did not exceed $1.20 per $100 and only three states showed profits of $1.00, or over." The report contains voluminous tar bles showing the resources and liabilities of all classes of state chartered institutions and detailed analyses of earnings and expenses by states and of insured commercial state banks by size of banks. Bankers Help Farmers GAY ENSEMBLE TREAT JUVENILES > i 1 he Foresters treated ten Juveniles tt a trip to Chicago Tuesday to see . the White Sox play baseball. .Mrs./Pcter M. Justen, son, Dan, and Mrs. Alex •Justen left Saturday morty ing io-r the west, where they expect to vi>it Evergreen Park in the mountains, near Denver, Col. John Doherty of Ringwood spent a few days this week with Robert 'Ad- >ms.. -. • . •* ^ J and Emergency Needs by Advances of Com-v mercial Banking Credit . NEW BRUNSWICK. S. i. -- The American commercial banking credit system is an absolute essential in tbe financial operations of business and government, Harold G. Moulton. Presi dent of the Brookings Institution of Washington. D. C.. said here recently in an address before the Graduate School of Banking conducted under the joint auspices of Rutgers University and the American Bankers Association. if the flexibility 'and expansibility provided by commercial banking credit were eliminated. Dr. Moulton declared, "it is scarcely too much to say th'at the economic system itself would shortly be destroyed." - • "Normally: the amount of credit ex;' tended by commercial banks to the government is small in amount and for the purpose mainly of financing temporary requirements in anticipation of tax collect. ions or bond sales. But in periods of war and acute depression, when tile financial requirements of government expand with great rapidity, the expansion of commercial bank credit is on V tremendous scale. Such-IS the, case at the present time. * ' How Public Needs Are Financed "The purchase of government securities by individuals and by the commercial banks provides the government with the means by which its manifold activities are financed. The Treasury obtains the funds, wfth which the Reconstruction Finance Corporation and other government credit agencies finance their operations, through the sale of securities, largely^to commercial banks. These funds, in turn, have gone to the assistance of distressed banks and other financial institutions, to aid industrial and agricultural enterprises, to finance-new public and private capi tal construction, and to provide relief to the unemployed." Dr. Moulton declared that it is not RINGWOOD Mrs. Libbie Ladd entertained the Bridge club at her home Tuesday afternoon. Prizes were awarded to Mrs. Louis Hawley and Mrs. George Shephrd. Quite a few from here attended the funeral of William Thompson at Mc- Henry Thursday morning. The Home Circle met 'vet the home of Mrs. B: T. Butler Wednesday. A one o'clock luncheon was served. Each one received a gift from their capsule sister as it was capsule -sister day and each received a new name for the coming year. Mr. and Mrs. T. R, Silvius and son, Mrs. Hilttie Wickham and Mrs. Marie Wickham Billings of Long Beach, Calif., and Mrs. R. C. Ceone of Geneva Club, Lake Geneva, were callers in the iS. W. Brown home Thursday. Mrs. Frank Block and children of Kenosha, spent the past week with Dr. and Mrs. Hepburn. Mr. and Mrs. Leonard Franzen and sons, Lyle and Russell, spent Sunday in Chicago. " . Piaul Walkington was a tihic&go visitor Sunday. ^ Frank ReBorst and Mrs. Blanche Hunt of Hebron were callers at the S. W. Brown home Saturday evening. Mr. and Mrs. Clarence Ritter' of Kenosha spent Sunday in the Frank Fay home. Mr. and Mrs. E. M. Strong and Mr. and Mrs. F. A. Hdtchens are enjoying a trip through northern Wisconsin, Minnesota and Michigan. Mrs. Frank Dix and children, Mrs. Louis Johnson and daughter of Kenosha and Mrs. Romie and granddaughter, Joan Romie, of Salem were callers in the Roy Neal home Sunday aft^- errioon. Mr. and Mrs. Merritt Cruikshank true that the world depression was ^he Wm Beth home caused by a breakdown of the American banking system "^hich did not. in fact.- occur until the depression had been under way for more than three years.". He added: - "Nor is it true that the world mal adjustments Existing in 1&29 can be ex plained simply by undue extensions of commercial banking Credit in the preceding years. These maladjustments in volved world agricultural, industrial, commercial and financial relations." FARM ACCOUNTING REVEALS LESSONS Principles of Sound Management That Apply to All F An analysis made of detailed kept by a group of Wisconsin farm? revealed several Important lessons and the principles of sound business man agement derived from them apply* equally" well to other farms, says an article in the Bulletin of the Agricul tural Commission of the American Bankers Association. The article says "Investment costs, including inter est, depreciation, repairs, taxes and in , surance, are approximately two-thirds of all farm costs. Furthermore, these costs are largely independent of the production program of the farm. "This means that if a farmer cuts his production of crops or livestock he increases his investment costs per unit of product produced, as a smaller number of units must then carry as large an expense load as before. This illustrates the importance, from the standpoint of costs, of operating a farm at or near capacity. "Investment mistakes are more cost ly than many others because they can not easily be corrected. If a farmer pays too much for his farm, his invest ment costs will be abnormally high as long as he owns it. If he constructs a $4,000 barn, when a $2,000 barn would have served his purpose, he will have .excessive barn costs, year-dfter-^tear, during the entire service life of the structure., "This emphasizes the importance of a knowledge of investment values and the specific investment requirements of individual- farms. Determining Real or False Economies "In working for greater economy, it is essential that the farm manager be The conviction that 4-H Club work lays the foundation for sound citizenship and intelligent farming influenced a New York City bank executive to contribute $500 to the Agricultural Committee of the State Bankers Association, to further 4-H Club activities in the state. "1 am convinced that the work is so worthy, and is being so well handled that it should interest those who believe in building sound citizenship, as Well as intelligent farming for the future," he said. Unusual prominence was given this past year to agricultural'work by the Tennessee Bankers, Association. The Agricultural Committee report reveals hearty cooperation between bankers and extension workers. "Key bankers and county agents have been in closer contact than ever before," it says. Georgia bankers have given both moral and financial backing to a Marketing Project sponsored by the Extension Service of the College of Agriculture, and activities the past year showed significant results. The phases of the Marketing program emphasized in the year's work are: The retail curb market; roadside marketing; miscellaneous marketing (suited to the lo cality)*, bartering (exchange of com modities or services with neighbors);* standardized canned products for sale prepared in homes or canning centers. and Mrs. Wm. McCannon were Woodstock visitors Thursday. rj Mrs.' B. T. Butler and children spent the latter part of the week in Chicago. ^li'. and Mrs. Max Beth and sop| Billy, of Chicago spent Saturday in Mrs. John Neal and son, Efward and daughter, Marie, of Chicago spent Wednesday in the Roy Neal home. Members of the Home Bureau of the county enjoyed a tour Saturday visiting first the Reid, Murdoch Wholesale Co., in Chicago, then lunch at "A Bit of Sweden," attending Home Maker's Hour at WLS Broadcasting station, after which they drove to Morton's Arboretum at Lisle, 111. Those .from here to go were Mesdames W-. B. Harrison, F. A. Hitchens, C. Peet, Ed PeejrC. Martin and C. L. Harrison: Mrs. C. Jf. Jepson arid daughters, Virginia and Mildred^ were Elgin visitors Friday. , Roy Hobart was a visitor in the D. L. Hall home Saturday. Mrs. C. L. Harrison,"Mrs. C. J. Jep. son and Mrs. George Shepard attended a schoolmates reunion at the home of Mrs. Hettie Rechow at Hebron on Saturday. All went to the Danish Tea Room at Lake Geneva for dinner. Those to attend were Mrs. Robert Thompson, Mrs. Charles Reihansperger, Mrs. George Johnson, Mrs. James Sayler and Miss Clara Stoffel of Mc- Henry; Mrs. Hiarry Alexander and Mrs. Heittie Rechow, Hebron; Mrs. William Belcher and Mrs. Louis'McDonald^ Woodstock; Miss Maud Granger, Chicago, and Mrs. Kenneth Burns, Oak Park. Mr. and Mrs. George Shepard and family were callers in the home of the latters parents at McHenry Friday evening. Mrs. S. W. Brown was a visitor at Geneva Club, Lake Geneva, Friday afternoon. Rita Mae Merchant spent the past week in Chicago. Miss Mryln Treymayne. returned to her home at Fulton, 111., after spending a week in the Louis Hawley home. Mr. and Mrs, Nick Young attended^ the church fair at McHenry Sunday. Wayne Foss visited friends at Genoa City a few days the past week. Miss Shirley Neal is spending the week in Chicago. Say yon read it In THE PLAINDEALER.. Gay flowers in red and orange tones with green leaves almost appear to be painted on the white background of this unusual silk print ensemble. The short box-like jacket has square shoulders and accordion pleated sleeves. a false saving. This can be done only through a careful estimate of the con tribution" to income, over a period of time, of each item of expenditure/Only if more is saved in expense than will be lost in income, can a contemplated cut in expense be designated as a real saving. "For example, dropping dairy herd Improvement work may result in a yearly expense reduction. The question to decide is what effect the dropping of this work will have on the present and future Income frOm tho dairy herd. If the estimated loss in livestock receipts due to a lowered effi ciency in feeding and «breeding is greater than the original saving, then it would obviously be a false economy. "Substantial savings can be effected on matiy farm9 through the use of more home grown garden produce and farm cured meats. Why pay out money for products of this kind that can be produced much cheaper at home? The money saved from the family tood budget can be used for the purchase of many things that will make the farm home a more comfortable and pleasant place to live." / - v" brought here for burial Thursday. Ringwood friends extend sympathy to the bereaved widow and her family. Fred Wiedrich and Mr. and Mrs. Fred Wiedrich, Jr.. attended the Fair at Madison Sunday. Mr. and Mrs. Leslie Olsen and family of McHenry spent Friday evening in the Fred Wiedrich home. Mr. and Mrs. Lester Carr and soils and Ethel and Lora Wiedrich visited Brookfield Zoo Friday. Roy and Mae Wiedrich spent Wednesday evening at Woodstock. Mr. and Mrs. Dewey Beck of Chicago spent the weekend with the latter's parents. Mr. and Mrs. Charles Carr. Mr. and Mrs. Lyle Hopper and daughter of Chicago spent Tuesday with the latter's parents, Mr. and Mrs. S. W. Smith. Ethel and Lora Wiedrich spent Thursday morning at Richmond. J. V. Buckland and Miss Taylor are visiting Miss Taylor's sisters at Winslow, 111.. ^ Mrs. Lester Carr and sons and Mae Wiedrich were McHenry visitors Wednesday afternoon. " Mrs. Annie Peter" and daughters. Dorothy and Eva and Mr. and Mrs. Claire Wolfe of Beloit spent Sunday evening in th^ Ray Peters home. Mrs. George Bacon of Antioch spent Friday with Mrs. Jennie Bacon. Mrs. Will Beck of Dundee and John Wolfe and children of Woodstock fcpent Monday with Mrs. Jennie Bacon. Young Republicans Rally Under Landon J. Kenneth Bradley of Westport* Conn., shown above, is director ' the Young Republicans rallj under the Republican Nat Committee to aid the Landon paign. "The young, , element in America is keenly aware ' - "of the. back-breaking burden beiM^"" imposed by Hfew Deal ' ' it," he . . want to elect Landon.,r UJ JiCW and want to stop "That's why we v fPECIAL THI* WEEK Thvu LIMIT 6 TO A CUSTOMER THIS OFFER GOOD UNTIL AUGUST 27 WM. He ALTHOFF HARDW Main Street West Mi Mrs. Woodford and daughter, Iva, of Park Ridge are spending a few days in the William McCannon home. Mr. and Mrs. Roland McCannon and family of Algonquin spent Sunday 'afternoon in the C. J- Jepson home. Roy Neal, Chicago, spent the weekend heue with his family. ,. . , , t , Mr. and Mrs. Joe McCannon and d'St'nsU^h.bet^etn a_",d I*™. and Mr. and Mrs. Charles Peet and family attended, a picnic at Joe Coates' at Greenwood Sunday. Thomas Bavacose of N,oi"wood Park is visiting in the C. J. JepSon home. Mrs. Woodford ahd daughter, Iva, and Mrs. Wm. McCannon spent Friday in the Edward Thompson home at McHenry. Mr. and Mrs. George Young and son, Alfred,' spent Sunday at McHenry. David and Phyllis McCannon of Algonquin are visiting their grandparents, Mr. and Mrs^C. J. Jepson. Mr. and Mrs. Clayton .Bruce and family were visitors at Woodstock Saturday evening. Fred Schau of Chicago is visiting in. the home of his daughter, Mrs. L. Hawley. , Mr. and Mrs. Ray Peters spent Thursday in Chicago. v"» Mr. and Mrs. Lester Carr and sons and Mrs. Frankie Stephenson were Woodsfock visitors Saturday. The Sowing society will meet*at the home of Mrs. Louis Hawley Friday. A pot luck dinner will be served. The Ladies' Aid Society will serve a dinner at the MWA Hall Wednesday, Aug. 25. Mr. and Mrs. Ben Walkington are entertaining their nephew and fa.mily of Tennessee. Mrs. H. C. Hughes of McHenry, Mrs. Libbie Ladd and Mrs. Houston spent Wednesday yrith relatives at Williams Bay. Clifford Peters returned to Chicago Friday after working the p&st two months at thie Bowman Dairy plant. The remains of Gus Eh rice were yltey'Ae Se£&*cj "fast! HURRY IN FOR YOUR SIZE IN WORLD'S FIRST CHOICE ECONOMY T!R£ Lotteries to Aid Revolutlia ' , Britain floated nine lotteries in the raising of money to finance our Revolution, 1775-1883. Synthetic Dye* From Coal The raw materials of synthetic dyes are obtained from coal, which Is fossilized or mummified organic matter. v PtAY AT CARNIVAL The Little German band .played at the carnival at Round Lake Sunday. • NOW priced as low as Over 22 Million Sold -- that's how good it is! Let us show you why iff a better tire than most dealers offer at their highest prices. LOOK! PATHFINDER Sif Prio« 30x3 a $5.50 4.40-21 4.75-19 5.00-19 5.25-18 5.50-17 7.00 8.20 8.80 9.75 10.70 Other sizes is propcrtiM Good Used Tires In All Sized v Tir&, Batteries, Battery Charging, Tire Vulcanising, Etc. GASOLINE, TRACTOR AND MOTOR OILS 294 ' West McHenry, I1L • i -