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Newspaper
Eugene Weekly Guard
Location
Eugene, Oregon, United States of America
Date
Oct 24, 1907
Page
10
Geo Fisher reports a splendid ore vein in the Mayflower group at Blue River. Judge Chrisman co owns the property with Fisher. Work crews push development with over 200 feet of tunnel completed as prospects look bright.
J L Hartman of the Portland Clearing House Association reports the city’s banks hold ample funds and readiness for emergencies. Loans are limited, mainly on wheat and wool, as Portland remains a net lender and conservatism shines in the current financial climate.
Tacoma reports a solid financial condition with reserves described as healthy and expenditures under control. Officials emphasize cautious budgeting, ongoing revenue checks, and commitments to maintain services while avoiding deficits.
The text notes an unusually strong economy with substantial bank heads praising current conditions. Bank statements show solidity, farmers and fruit growers receive high prices, lumber cutting is profitable, and wages are good.
In San Francisco on Oct 22 banking and financial conditions are reported excellent. Crop movement is vigorous and the resulting money withdrawals from banks over the last thirty days have increased cash in circulation. The money supply remains ample for all purposes.
Los Angeles reports a solid banking sector despite a harsh money market stringency. Loans are restricted yet financial institutions remain stable and business lines, though crowded, show satisfactory conditions.
Seattle officials report bank deposits grew from 60,000,000 to 72,000,000 since January 1, with more money available for loans and funds sent east for call loans. C B Yandell of the Chamber of Commerce warns the sole depressant trend is a potential recession driven by over speculation in the past eighteen months.
Roseburg Oregon October 22 closing sessions of the convention of forest rangers and supervisors discussed mining and grazing within reserves. Critics cite timber graft from mining claims and unfettered control of multiple claims. Separate grazing sections for cattle and sheep were urged with fencing and water needs noted. The meeting praised as highly successful and adjourned with next site to be announced.
The Norwegian Lutheran church in Eugene celebrated the dedication of their remodeled building conducted by Rev. N J Ellestad with a sermon and remarks from church secretary Rev. S P Ness. The service featured early leaders Rev J C Reinertsen and Rev L Kristensen, while Rev M P Dommersnaes, now pastor, outlined the church’s history and growth since 1904. Two baptisms occurred at the events with plans for a confirmation of eight youths forthcoming.
For sale there are 12 pigs available. Contact Farmers 256 010 to inquire about prices and arrangements.
A new Merchants Bank of Eugene began operations this morning in the Hampton block at Seventh and Willamette streets. It reports strong local support, with deposits flowing at the cashier window. Officers are S. S. Spencer president L. H. Potter vice president F. N. McAlister cashier. directors include Spencer Potter Griggs Fred Fisk and Allen Hampton. The interior features native woods and ricelaith flooring though counters await ironwork arrival within a week.
An old advertisement touts Dr Kings New Life Pills as a remedy for liver constriction and appendicitis prevention. It claims the pills regulate the liver and establish regular bowel habits, priced at 25 cents at DeLano's drug store.
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