First National Bank (Heppner, OR)

Article Text

Miss Venus Wins

Visitors Leave- and Mrs. P. N. Maloy and little son, Roger, who had spent the summer months in Corvallis, left here recently to return to their home at, Los Angeles, Calif. Mr. Maloy is connected with the schools in the southern California city and has returned to his duties. He came north to attend the summer aession at Oregon State college and he and his family remained here through the of the vacation season. Mrs. Maloy is a sister of Mrs. L. N. Goodding of this city.

Return From Trip - Mr. and Mrs. Emanuel H: Meier and family are at home again after a motor trip which covered several weeks and took them to Missouri and Arkansas. They stopped at St. Louis and at Farrar, Mo., where they visited Mr. Meier's mother, Mrs. John H. Meier. The Meiers then went on to Arkansas to visit Mrs. Meier's sisters and their families and to inspect the big rice fields of that section. Returning west they visited the Bad Lands and the Black Hills, Yellowstone Park and other places of interest and stopped with an uncle and cousins of Mrs. Meier, in South Dakota. The trip was a pleasant one throughout, the Meiers state. other local residents are making Work Wins Recognition Work plans to attend. of Receiver J. L. Gault with the closed First- National bank of Heppner has been winning general recognition and invoked the fol. Cut the Cost lowing comment in the banking news of the Portland Oregonian: of Your Dentistry "A perplexing problem has been settled in Morrow county, and deIn Half positors of the closed First National bank of Heppner have been benefited by conclusion of a program worked out in a rather un usual manner by J. L. Gault, receiver, approved by the depositors committee, county court and county treasurer, controller of the currency and ratified by the United Plate Specials at Lowest States district court for Oregon. prices ever known As a result of Mr. Gault's plan, county deposits which have been tied up in the Heppner bank since $7.00 up to $25.00 January 28 last, have been released to the county treasurer in the sum of $38,794.27. Owing to the vio- Painless Extractions lent depreciation of securities in at 50c to $1.00 general throughout the country at Silver Fillings 50c to $1.00 time of the bank's suspension, Mr. Porcelain Fillings $1 to $2 Gault realized that securities Plate Repair $1.50 to $2. pledged for protection of the counReline Plate $4.00 to $5.00 ty funds would not, at their marClean Teeth $1.00 to $1.50 ket value, cover the deposit liability, although more than ample When You Think of at the time. The securities were school and road bonds of Multno- Your Teeth-Think of mah county, together with road bonds of Morrow county, aggre- DR. R. F. SMITH gating a par value of $42,000. To 102 Montgomery Ward market the securities at going Building-Phone 1232 prices would have caused the county a substantial loss."

Change in Church Hours Sunday morning services at the Federated Churches are to be held hereafter at 11 o'clock instead of 9:30, the hour arranged for the summer months. The change in time begins with the service next Sunday, September 10.

Filbert Growers to Meet President C. C. Stout of the Pacific Coast Brixnut association has called an important meeting of Brixnut growers to be held at Newberg next Wednesday, September 18, at 2 o'clock in the afternoon, in the chamber of commerce rooms. All growers of Brixnut, whether members of the organization or not, are urged to attend.

To Pienie Sunday - Portland RICKARD'S residents who formerly lived in Corvallis are to gather Sunday at Laurelhurst park, in that city for GARAGE an all day pienic with a basket dinner at noon. B. F. Irvine of PortPhone 319 land, Dr. J. B. Horner of Corvallis and other friends of Corvallis are to be on the program and a number of local people are expected to go to Portland to join the group from that city. Everyone is in- Rainy Days vited to attend and bring a well filled lunch basket. Dinner is to be Are Here! served at noon and the program is to be presented at 2 o'clock. Robert Johnson, Dr. and Mrs. Horner and

Article Text

BANK WILL GIVE THIRD DIVIDEND

Receiver Announces Payment of 25 Per Cent Now.

JOSEPHINE MAHONEY Phone 694

HEPPNER, Dec. 27.—(East Oregonian Heppner News Bureau.)—Mr. J. L. Gault, receiver of the First National Bank of Heppner, announces a third dividend of twenty-five per cent to the creditors of that bank, he stating that checks are ready for immediate delivery and that depositors must present receiver's certificates when calling for the same.

This constitutes the third dividend for this bank, the first dividend of fourteen per cent being paid in 1933. A second dividend of twenty per cent was disbursed early in 1934, which resulted entirely from a loan made by the receiver through the comptroller of the currency from the Reconstruction Finance Corporation which loan the receiver has entirely liquidated, thus permitting him to apply for and secure a second loan from that corporation which supplies largely the funds for the present disbursement. This makes a return of fifty nine per cent to the creditors of this bank with the present dividend releasing $60,380.80.

Mr. and Mrs. W. L. La Dusire of La Grande planned to spend Christmas in Heppner with Mrs. La Dusire's parents, Mr. and Mrs. R. W. Turner, but owing to the icy roads were forced to telephone they would not come. There were several deaths near La Grande from the silver thaw.

Pat Canning of Pilot Rock was in the automobile wreck with Mike Harton of Echo Wednesday afternoon and not Pat Cummings.

Mrs. Agnes Curran left Tuesday night on the train for White Salmon, Wash., to spend Christmas with her sister, Mrs. Elizabeth Goshong. Miss Helen Curran came up from Portland to White Salmon for Christmas.

Ernest Jerard of Lexington was doing some after Christmas trading in Heppner Thursday.

Mrs. Cecil Humphreys of Puyallup, Wash., is spending a few days in Heppner with her sister, Mrs. Ollie Kenney, where she has