The Glade Echo from Glade, Kansas • 5

attatttttm: mttrnimmmmmmtmmmtttmttmttminmmfflttffltnttmttttffl txmutmmi I Local as Engines Auction Sales Missouri Pacific Time Table EASTWARD No. 636 Passenger. ,4:48 No. 664 Freight 6:30 a. I No.

635 Passenger, 9:50 a. m. No. 697 Freight ......1:80 p. Q.

A. HART. Agent No school Thursday and Friday of this week, A. J. Painter, of Alton, was in town a few hours Thursday.

Come in and let as show you our Fairbanks-Morse Engines with Electric Light Plants in Mrs. William Carter was quite sick a day or so this week. Mr. and Mrs. Will Pfost entertained Mr.

and Mrs. Elmer Jackson last Sunday. Connection Mrs. William Pfost and Mrs. A-'F, Aynes were Monday shoppers at The next few months will undoubtedly see a number of auction sales in this county and we have prepared ourselves to handle any number of them.

We make it a point to print sale bills the same day copy is received. Lydia" Parker, of Speed, visited her aunt, Mrs. Alva Pruitt, a day or so this week. Lida Spicer left Sunday evening for an all-winter visit with relatives in Indiana. We have a good line of fine Robes for the Auto or Carriage.

Just what you need! Jasper Stephenson is on the sick list this week with an attack of la- grippe and cold. A baby daughter arrived Sunday at the home of Mr. and Mrs. Roy Rigg, of Cowley. Etta Spicer visited at the Emory Rickey home in Phillipsburg from Fri day until Sunday.

Miss Vera Bayles spent Thanksgiv D. Thornton ing at Kirwin the guest of her cousin, Mrs. L. P. Nichols.

Mr. and Mrs. A. F. Aynes and fam ily were Sunday guests at the Geo.

Townley home near Cowley. Several different cuts of horses Lee Nail has been quite sick since OUR PUBLIC FORUM, last Thursday and unable to be at his work in the. Smith lumber yard. Mrs. H.

P. Hard visited relatives Otto Kahn On Financial Farm Loans at Lenora last week. She was accom panied home by her sister, Mrs. Scott. Mr.

and Mrs. G. J. Baker went to Kirwin Wednesday to spend Thanks giving day at the William Gudger home. II Every citizen who desires to become capable in business should study banking, and every farmer who wants to see the business of agriculture properly financed should study diligently the financial systems of other industries.

All other lines of industry have developed financial facilities adapted to their needs. We have all sorts of financial syndicates authorized by law or custom to deal in a certain line of securities, but in none of these financial channels will farm securities travel without a bonus in the way of an excessive rate of interest or heavy discounts. The most powerful financial institutions in America are private banks and they aro the most Important to William Wilson and wife attended the basket ball game at Cedar Thanksgiving 'day, going on to Beloit for a few days' visit with Mf; Wilson's brother. Prof." Voyles and family spent Thanksgiving day with friends at Cedar, and also attended the basket ball game. Cattle cuts for Cattle Sales Roy Chester and Alva Micheals came- in Tuesday from Longmount, Colorado, to spend Thanksgiving with the home folks.

H. J. Konantz is driving a Buick Six since Wednesday, the same being delivered that day by F. C. Dickey, of the financial hie.

of industry. In no line of business does honesty, efficiency and stability make more imperative demands than pon private bankers, whose greatest asset is the confidence of the buying public in his business judgment and integrity. Mr. Otto Kahn of Kuhn, Loeb Company, when asked to state the relation of the private banker to the business of the nation, said in part: "One of the most important functions of the private banker is to be the instrument for providing the money needed for the efficient conduct and development of railroads and other industries. He does this by buying securities in bulk from those needing capital, for which purpose he usually associates himself with a large number of other financial houses, great and small, thus forming what is called a syndicate.

Having in this way concluded the buying transaction he offers to the'public the securities purchased by means of advertising, circularizing and through the facilities of the retail houses included in the syndicate, many of whom employ traveling salesmen. Of course the banker and the syndicate count on a reasonable profit for their services; on the other hand they run the risk of the securities, which they have definitely bought and, paid for at a fixed price, remaining on their hands wholly, or in part, if the public, for one reason or another, should be unwilling to buy. them. The selling of securities is a highly specialized trade, requiring much experience, organization, machinery and scrutiny. This is one of the reasons why corporations do better in offering securities to the public through bankers than if they offered them direct.

The willingness of the public to buy depends upon their confidence in the Integrity and the Judgment of the banker who makes the offer, and a banker who attempts to mislead the public, or who isdeficient in care or Judgment, would very soon find himself without customers and, therefore, out of business. In many European countries, the functions of the private banker include the placing of bonds secured by farm mortgages. Bonds of this nature are Issued in large quantities by mortgage banks who buy mortgages on farms and other real estate and deposit them as security for. their, awn bonds, which in their turn are sold to bankers. It is to be hoped that similar institutions will, in course of time; be created in America, thus placing the farming industry on a par with other important industries in facilities to obtain capital." Phillipsburg.

Chas. Gibbs and wife drove to Sel- den Monday for a few days visit with Mrs. Gibbs' grandparents, Henry Duncan and wife. William Stretton and wife, of San Pedro, California, were guests the early part of the week of Mr. and Mrs.

Sing Albaugh. Jno. McLaskey and family, of Colo rado, came in Saturday night for a visit with Mr. McLaskey's sister and family, Mrs. Harry Sparks.

tftf I 18 Pit Large and Small cuts of Mules and Jacks The Glade H. S. basket ball team Land met -the Cedar team on the Cedar court Thanksgiving day. A good many of the H. S.

pupils accompanied them. Fred Bartlett, of Deer Creek' town ship, was badly hurt yesterday by a fall from a wagon, falling between 1 DR. 6. W. LEREW Drugs and Drug Sundries Prices are Always Right Give Your Home Druggist jj Your Home Patronage Give Us a Trial 1 GLADE KANSAS the horses which kicked him very severely.

Doctors were called who Two good 80 a. tracts near town, fair improvements. Cheap. Some large, and some small grass ranches in Phillips, Norton, Rooks and Graham counties, priced right. Can use trade on some of them.

Two river bottom farms that are right i i Jill List your land with me if you wish to sell. Let me show you some snaps if you wish to buy. Write or Phone Glade Phone 39 Philipsburg 2624 used an X-ray machine to determine whether bones were broken, and although he is suffering sever ly, he is thought to be out of danger. And then we have cuts of hogs, chickens, etc. We can print your bill on yellow paper with a red heading, red border and descriptions in black; or white paper with red heading and border and black reading; and on white or colored paper, with any color of ink.

N. W. Garrison GLADE KANSAS SCHOOL NOTES Hubert Wells started to school last week. Charles Wilson, who quit school to help his folks on the farm, is now back again. Clara Thornton visited school last Friday.

The Primary and Intermediate grades gave a good Thanksgiving program Wednesday afternoon. Quite-a number of the mothers were in attendance. We have two day's vacation this weeg, giving us a much needed rest. Why, don't you visit the school? Yoy are always welcome. Misses Poisal and Farrell spent their vacations at their respective homes.

LOGAN'S NEW ELECTRIC LINE While over at Logan last Friday we noticed workmen busy setting the poles from that town east with a view to meeting the line just finished by the Phillipsburg Electric Light Co. to Glade. The new line runs along the highway latelyaccepted by the county. Phillips County Post. Phillips County Post Call And Get Prices BUILDING FINE NEW HOME While out chasing around the country last Friday we happened by the Clyde Young farm just west of Speed and were pleased to see carnenters busily engaged in building a fine new Fay Farley came down from Logan Wednesday to visit until Sunday- with her parents Mr.

and Mrs, John Farley. country The Post is always pleased to note the urosneritv of its Phillips County Post..