{ title: 'The Choteau Montanan (Choteau, Mont.) 1913-1925, December 14, 1923, Page 4, Image 4', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about Chronicling America - RSS Feed', }, { link: '/lccn/sn85053031/1923-12-14/ed-1/seq-4.png', label: 'image/png', meta: '', }, { link: '/lccn/sn85053031/1923-12-14/ed-1/seq-4.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn85053031/1923-12-14/ed-1/seq-4/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn85053031/1923-12-14/ed-1/seq-4/ocr.txt', label: 'text/plain', meta: '', }, ] }
About The Choteau Montanan (Choteau, Mont.) 1913-1925 | View This Issue
The Choteau Montanan (Choteau, Mont.), 14 Dec. 1923, located at <http://montananewspapers.org/lccn/sn85053031/1923-12-14/ed-1/seq-4/>, image provided by MONTANA NEWSPAPERS, Montana Historical Society, Helena, Montana.
E!SSISaBISn5l0BJB/aBJaJBJSIBJ5ia/SJa/afaja/BI3JSJai5/3JBIBia/SMBÎBiaiSIBIBiBEHB/BIS15iBIBIilS!a W H Y B A N K S ? J. H. Puellchor LESSON II By J. H. PUELICHER, Chairman, Committee on Public Education, American Bankers Association. Why does Government charter banks,—simply to make money for stockholders, or because banks are needed by the public? What is a bank? Text books say, “A bank is a qtiaai-public corporation, char tered by State or Nation, to receive deposits and make loans.’’ STOCKHOLDERS - owners. QUASI-PUBLIC = semi-public, — that Is, owned by ! private stockholders, but regu lated by government to see that the depositors’ money is safely loaned. STATE BANK CHARTER =■ privilege, grantor right, to do a bank ing business under supervision of the State Banking Commissioner. NATIONAL BANK CHARTER = grant to do business under super vision of the Federal Comp troller of the Currency. SUPERVISION =* the sending by government of examiners, at least once a year, into a bank without notice, to count its cash, examine its loans, bonds and mortgages and see if its books are correct. ] Banks can do only those things permitted in their charters. No busi- j ness is more closely watched and regulated by State or Nation. I Banks cannot, therefore, be run simply to make money for stock- j holders, but are chartered to meet the needs of the people and I are held to that purpose by government supervision. j ijgi5jjg[I5I3I3/gJ2EISM SM ajaiaj2j'a,cU3iSJSJel2M5JSiSlSEJ51SJSMS/S12E®M21SMSISlSI2ia/Si3/5f; Choteau Creamery Just before going uo' pro's j- rn tint the police’ of Ses i’wr (rt t::> a man supposed to b:i\c ’ i v'u ’i !<*.; :’i t'ho robber F.-irfi-'ld Pink a f'-w weeks n~ r‘ ’>oriff was notified late last night and loft early this moaning to bring the suspect back, Dame Agawam Hotel, ■ DeronUy :' 22nd.. Goo. Porter of Porter Bench was transacting business In. tqwn Mon day. . • . A. M. Rongstad left forGreat Falls via the Milwaukee op v Wednesday where he will spend several days on business. Alt Wagnild returned to Stanford, Mc-maiia, on Monday after spending Thanksltlving with relatives lion* I) -nard Nelson and Hector Cooper made a vying visit to Dutton last week. Mr and Mrs. Hartwick Nelson,' Mi-;« Flora Nelson and T. No.-on a ft for Kendrick, Idaho, Thursday, vherc they will spend the winur v. th folks Mrs Oito Wngnild and Mrs. O F. Schaefer snen1 the weekend in Groat Calls shoppin - Mr,. Coe • ’it, who has hr: n i’l tl:r p.ast •„ ;-h a severe cold is nov. on i id io recovery. Mrs. t'd ,} Wagnild entertained at fi', e oMi't k dinner on Sunday. Cov- ffiHY ISOOSTRY MISUNDERSTOOD Geo. E. Roberts Tells- How Co operative Character of Cor porations Is Obscured. RADICAL AGITATION RESULTS Maintenance of Present Industrial Sys tem Necessary to Maintain Present Standards of Comfort for All the People, He Says. They offer a fair price- Correct weights, accur ate test. Cans back on returning train. Check in same mail. i QUICKEST AND REST SERVICE IN THE COE X Ï R Y ors were laid for Mr. and Mr« G. Menkinan and «on of Bynum, Mr and Mrs. O. Potcrson,1 Miss Dolly Graves j ami E. Clinclaw of Choteau, anil Mr. | and Mrs. Otto Wagnild. ' AGAWAM SCHOOL NOTES Tlii re were a few absentees the first of the week on account of --ick- ness and cold weather. Frank. Jesse and Ebert Malone last year students of the Agawam school have entered again from Kalispell.. Tins week lias mainly been s;iont in practicing for a Christihas pro gram. A public Christmas program and dame will bo given in t.ho Agi“ '>”i Hotel. Saturday night, December 22 Everybody im'ted and Avelcmm to jj romo. A'in m ■'’! -ifI IS r-liberi nt ’.'.es c r. © w m 'fee. 1 1 I' 1 ' ' \''I'!;'!]!' 1¡ ¡ ' I ' ¡ ¡ P f i ; \ ' M Ü ! . . . . . . . . . . . |i!il!l I I ...... .. .. j' ' 1,. ' ¡ ¡ ¿ ¿ A ü M i i i ' ' 1 I l l i. i - . ¡ : ; Ä I l i a »:l lilfi If you have a dollar to spend or a thousand—the one thing you demand (and rightfully so) is real value for your money. You want to invest your money in what you buy rather than spend it. And when you do invest it in anything that is of benefit not only to you —but also to your whole family and your home life— your investment yields by far the greatest return. And how could you better invest $2.00 in yourself, your family and your home than in the purchase bf the best reading? How could you better invest $2.00 of the family budget than buying food for thought, entertainment and recreation for evry one in the home? A subscription to this paper will give you all of these things and more. The modern industrial system is at bottom a. co-operative organization, but this fact is obscured by the complex ity of huge enterprises, George E. Rob erts, noted authority on business and finance, declared in, a recent speech before tlie American Bankers Associa tion Convention at Atlantic City,5 N. J. ‘The primitive man knew that the harder he worked the more he would ha\e,\ Mr. Roberts said. \When a man exchanged work with a neighbor he had the whole transaction under his eyes. But when a man works with thousands of others for a great corporation he doesn’t see any definite relationship between wliat he does and what he gets. He doesn't know whether he is getting a fair fiiare of the liulustrcal results or not, and lie suspects not. \Tiie modern industrial system is essentially co-operative, blit you can not have effective co-operation with ou! understanding Because people do r o! sec the industrial organization as whole we have the tendency for so ciety to break up into groups and blocs and unions and organizations of one kind and another, many of whom are trying to advance their own inter ests at the expense of society as a whole. The population of this country today could not be supported in the state of comfort to which it is accus tomed without the modern, specialized organization Bolshevism In Russia' “The extremity of social disorgan ization has been seen in Russia, where has been enacted the greatest tragedy | in the history of the world. What hap- , C? 'pened there will happen everywhere I Q unloss there is a developmeut of the > capacity of people to work together ; Ar' and understand each other. i h J* ‘ \In its final form thp revolution in ! o Russia was against what Js culled the ; j -*. capitalistic system, or the private own- ' ership of prop! rty and direction of in- \ sLr dustry T)ic results of the revolution ; o are so calamitous in Russia as to give i jr\ a check to revolutionary tendencies in S i other countries. Yet the economic, principles of Bolshevism are influenc- o ing public opinion more or less every- • .p . where. , \ \The motive behind all this agita tion is the desire to establish equality. The social struggles of the past have been for political equality Now the demand is for equality in possessions, equality in incomes, equality in the management o f industrial affairs. There is no argument against the as pirations of men for better social con ditions, but radical ideas result from certain economic fallacies. One re lates to the employment and service of private capital. Men read about vast sums of wealth belonging to indi viduals, and think of these sums as devoted exclusively to the owners. In fact wealth employed in production for the public market is rendering service to the entire community, no matter who owns it. \The whole radical argument Is like claiming that nobody ever got any benefit from the development of the steam engine but the owners of steam engines. Of course, the theory only needs to be stated for the fallacy U be apparent. The man who works for wages is benefited by every investment of capital which increases and cheap ens the supply of the things for which his wages are spent. The Service of Capital \It is a fundamental truth that all productive property .although privately owned, is part of the equipment of so ciety, by which its wants are supplied. “The progress of the past has been accomplished under the individualistic system. The theory of this system is that every one shall have for his own, as nearly as may be, that which re sults from his own efforts. It is a sys tem calculated to stimulate the initia tive, call out the energies and develop the ability of each Individual. He is free as to 'his undertakings; there are no restrictions except that he must seek his own gains by activities that are serviceable to the community as a whole, and he is inspired to labor, not simply by the desire for personal ad vantage, but by the desire to provide for loved ones, by the impulse to self- expression, to realize and develop his natural abilities, and by the ambition to achieve, to win distinction and to render service. \It does not promise equality. Un less there is equality in production, In service, in effort, in resolution and in self-denial, why should there be equal ity in the division of results? \The Justification of Individualism, however, is not merely in what it al lows to the superior individual, but in the results that inure to all. It is in the interest of all to secure the most effective organization, the most effec tive management and the largest pos sible production These cannot he had by adopting the fiction that all have equal ability for any position, or by any other system than that which-* Judges men by their Individual quail-, ficat^ons.\ . - After . . ft. big dinnerf a heavy dessert is not desirable either for health or enjoyment* ■< - Nuts, assorted from many cur iaties we Jiave just received, answers the desert question easily and economically . f^ / 0 2 / O U S ^fillet ¿me Cash and Carry Grocery . C\ j X>öO ö G O GüO OG OöG GO OG OQ OO OGQ G Q - <3 g ; ö Q <3 <3 Ö, Ö G Q G G Q G G G O , G, G G G G G, G G, G G g O G Suits made to measure here at home. We are prepared to take your measure; to offer you a selection, from as fine a line of woolens as .ban be found anywhere, 'and to ’make up your suit right here at home, where you can be fitted as often as may be necessary. F r e m i d h i D r y C I ® a i m t o | m i d P r e s s i n g a S p e e n a l t y Swams Tailor S3k©p Tailors for men and women. o o o o o o o o o o o o o o o Q CHOTEAU LODGE NO. 11 C I. O. O. F. O Meets every Tuesday evening O at .8 o’clock at their hall in the O Connor Building. O Visiting brothers always O welcome. © WM. ODENWALD, N CL © r> O O O O O O O O O O O O O O O o O CHEVALIER uODGE NO. 12 O K. OF P. O Meets every Thursday evening O at the K. of P. Hall. O Visiting brothers cordially in- O vited to meet with us. O FRANK CURTIS, C. C. O E. A. CLELAND, K. R. & S. O O o o o o o o o o o o Are Your in Sunday School? They are welcome at the Community Methodist Episcopal Church.
