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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 3, 1919)
TITE MORNING OREGONIANV MONDAT, NOVEMBER 3, 1910, 13 CITY WILL FIGHT TO RETAIN ARK DEPOT Will Office Be Moved?" Is Query to Congressmen. kRMY STORE IS IN DANGER .Government Agency for Sale of Goods Important in War on. Costs, Mayor Baker Says. Tfli-prrams yesterday to the Oregon lelesration in conerress marked the first steps of the fisht Portland in- ends to make, if the report rrom California that the war department ntends to move the quartermaster !cpot here to San Francisco, proves orrect. , Jlayor Baker, acting for the ity. and the officials of the Portland 'hamber of Commerce, forwarded tel- rgrams asking- Oregron senators and representatives to Investigate the re- Iport, and immediately inform vori- and whether the report is correct md whether any move of the quar termaster department here is contem plated. Determined T-'lRht rromlncd. Tf answers from Washington indi- Icste that a change is probable, tne r-lty and Chamber of Commerce at once will begin a determined fight to re tain the depot. First intimation of such a move was contained in a dis r.atch from Tios Angeles Saturday which said that a message from Sen ator Phehin at Washington had been given out staling that both the Port land and the L.os Angeles depots were to be moved to San Francisco to be consolidated with the depot there. The transfer of the depot from here round injure the entire section, in the opinion of those interested, as this action might mean the closing of the army retail store, which has disposed of a large quantity of high class army foods and clothing at prices which are unusually attractive to all those engaged in serious battle ith the high cost of living. 1 he closing of the depot here would also mean the loss of contracts to tne local concerns for supplying the umy with goods of various kinds. Telegram Sent to Senator. The Portland Chamber of Commerce yesterday sent the following telegram to Senator Chamberlain: '"Press reports from Ios Angeles quote Senator Phelan as declaring purpose of the war department to do away with depot quartermaster of fices both Los Angeles and Portland. Will imu kindly furnish us by wire. at our expense, full facts with re spect to the case, if any changes are contemplated, with your suggestions on proccdAjre to protect the business in this dirict." Mayor Baker's telegrams to the congressional delegation were of like tenor, seeking information. "The army store is ttie only weapon In the hands of the people of Port land to combat the high cost of liv ing," declared Mayor Baker. "Its re moval from Portland would not alone be a loss to tho city of Portland, but would represent an irreparable loss to the people of the entire Pacific northwest. The city of Portland will .fight to the last ditch to prevent the 'closing of the amy store and the re moval of the quartermaster's bureau and depot from this city." Mayor KMncounts Kepart. The first step taken by the Mayor In connection with the report was the sending of a query to the Oregon congressional delegation, asking that a check be made" to ascertain whether the purported report sent by Senator Phelan to Mayor Snyder of Los An geles is based on fact. "I am inclined to discount the re port," continued Mayor Baker, "but yet the government has seen fit to close the federal employment bureau at one of the most critical periods in the history of the country. The policy of retrenchment may result in con solidation of federal bureaus and on this basis Portland ma? lose the quartermaster's bureau and army tore. "A few moments spent any day around the army store will convince one of the benefits derived by the citizens of Portland and the north west. The importance in the continued operation of the army store in Port land, to my mind, lies in the fact that not only does the government offer high-grade goods to the people at cost and in some instances at prices below cost, but such sales have a na tural tendency to keep down the costs of necessities sold by private dealers. "In the present era of high ccsts of living, the army store looms as a tshintng star amid heavy clouds, and its removal from Portland will leave us groping, as it were. In the dark ness of ever increasing costs." Mayor Baker said that the loss of the quartermaster's bureau would be equally serious because in the loca tion of an army depot comes the pur chase of supplies from manufacturers pnrt jobbers operating in the same district. financial circles, has become Oregon representative of S. W. Straus & Co., of Chicago, New Yuri and San Fran cisco. This company has financed many large apartment houses and ho tels and is at the present time putting on the market bonds for the $10,000, 000 Linnard hotel in New York city. The Straus plan is widely known for success in big building projects. LOW PATRIOTISM LEVEL SEE.N E. G. Crawford, of United States National Bank, GiTes Address. "Patriotism is at a low level," said E. G. Crawford, first vice-president of the United States National bank in his address before the members of Portland chapter, American Insti tute of Banking, at the informal re ception in the Oregon building, Tues day evening, givenf to the delegates returned from the national conven tion at New Orleans. Portland was represented by A. Lj. Fraley, chapter president of the Northwestern Na tional bank; T. F. Dunn of the United States National bank, and A. T. Mat thews of the Bank of California, Na tional association. Mr. Matthews presided over the presidents' confer ence committee at the convention and handled this most important of com mittees in a highly creditable manner. Mr. T. H. West of Ladd & Tilton bank, who accompanied the party as a member of the national executive council, gave considerable detail of the most important deliberations of the convention, and many interesting sidelights on commercial develop ments of the city and port of New Orleans. Mr. West also touched upon the activities of the American Bank ers' association at St. Louis. Mr. Dunn told of the work of the enter tainment committee and general work of the convention. SCOUTS HELP RED CROSS STICKERS PASTED OX AUTO MOBILE AVIXDSHIELDS. Committee Named to Project Pub licity Stunts to Advertise Coming Campaign. Fifty Boy Scouts from different troops in the city leaped Into the American Red Cross drive with a will Saturday, pasting several thousand stickers on automobile windshields, assisting Charles W. English to dis tribute showcards and scattering posters in the suburbs. They were mobilized early in the day by James E. Brockway, scoutmaster, and put to work in all parts of the city. Earl Wellington, chairman of the special features committee of the drive intends to serve notice on every per son in Portland who stirs from home during the campaign opening next Thursday and closing on Tuesday, No vember 11, that the Red Cross ex pects them to "carry on" the after war welfare work and the home serv ice duties by enrolling in the ranks of the disaster relief agent of the American people. It is not a drive for funds, dollar memberships only being sought, with a quota of 120,000 members in the city of Portland. Though numerous new publiicty "stunts" are projected, they are to be sprung on an unsuspecting public without preliminary newspaper no tice, according to Mr. Wellington. He has named the following on his com mittee: John A. Beckwith, secretary of Portland post of the American Le gion, speakers; Oeorge Hotchkiss Sireet, special rauulc-;-- Ferdinand K. Reed, theater music; V. H. Ilaybarker, of the electrical workers' union, elec tric features; Charles W. English, of the better business bureau of the Ad club, window displays; W. V. Thomp son, of Foster & Kleiser, .outdoor fea tures; Aaron Frank, stunts; Paul Noble, theater committee: Edward Grenfell. fire department; Nels John son, police department; Henry E. Reed, city manager American Red Cross, rollcall; Marshall Dana, E. Jor genson. Jerrold Owen and Arthur Crookham. press. PIONEER STOCM DEAD William burke of Portland passes ix new york. End Follows Sudden Illness While Visiting Daughter; Funeral WiU Take Place Here. William Burke, pioneer stockman of the northwest and a resident of Port land for the past 10 years, passed away Saturday night in New York City, following a sudden illness, ac cording to a telegram received by members of the family here. Mr. Burke left Portland far New York about two weeks ago to visit a daugh ter, Mrs. M. B. Channing. and his sud den illness and death occurred during his visit there. William Burke was born in Ireland in 1837 and came otthiscou in 1837 and came to this country GAIN IN CLEARING HOUSE $89,980,976 Increasing Volume of Busi ness Here Indicated. REPORT COVERS QUARTER NT LABOR FROLliM SETTLEMENT HELD INEVITABLE. J. C. Alnsworth, of United States National Bank, Returns From Conference in East. Eastern financiers are strongly of the opinion that the labor problems of the country must be worked out and that continued disturbance would be the penalty of indecision now, ac cording to J. C. Alnsworth, president of the United States National bank, who has returned from a trip of sev eral weeks through the eastern states. He says it is the general opinion that a proper solution might as well come now as later. Mr. Alnsworth was present at the conference of bankers and business men with representatives of England, France, Belgium and Italy, held at Atlantic City, where the consensus of opinion was that the requirements of the European countries can be met by extending long term credits here and purchasing securities of the coun tries. It was generally agreed also that exports should be curtailed and more goods diverted to merchants of this country, that a natural trade bal ance again may be established, as a means of reducing living costs. There is a strong sentiment among business men, Mr. Ainsworth found, toward reducing national taxation and spreading the period of paying off the war debt to another generation and a great deal of criticism is heard of the administration for maintain ing profits and income taxes at a level so high that it is believed one of the material causes of holding up commodity prices. Walter X. Anderson, well known in as a young man, being one of the pio neer settlers in the Chicago section. About 1870 he moved to Idaho, where he was engaged in the Btock business for many years In the vicinity of American Falls. He retired ten years ago and moved to Portland, living for some years at 778 Northrup street and later at the Alallory hotel. He was an active member of the Knights of Columbus. He is survived by his widow, three sons, Frank W. Burke of Portland John L. and William Burke Jr., of Burley, Idaho: two daughters, Blanche Burke of Portland and Mrs. M. B. Channing of New York and a brother, Rev. M. S. Burke, of St. Joseph, Mo. The body win be brought to Port land and funeral services will be held the latter part of this week. $2 71 Given for Albuny Parks. ALBANY, Or., Nov. 2. (Special.) ine AiDany park boards have re ceived a donation of $271.96, the sur plus rrom the fund raised for the celebration of the Fourth of July here this year. Some time ago the committee in charge saw It would have a Surplus and gave the Bryant park board 200. After all bills out standing were paid an additional sum of $71.S8 remained and this was given this week to the board in charge or Takenah park, the park which Is being developed in the cen ter of the city on the former site of the central pudiic school. Three Months Ending October 31 Show More Numerous Transi tions for Portland Banks. For the three months ending Oc tober 31, Portland clearing-house banks made a gain over August, Sep tember and October, 1918. of 189,960. 976.89. The increase for the month of (October was not as great as that of September, which showed a re markable gain over both the pre ceding month and as compared with the corresponding month of the pre vious year. Comparative figures of the clearing-house' for the period, however, show that the volume of financial transactions reflected in the totals is substantially higher. For October the gain over the same month of 1918 was $15,550,998.39 and over September $10,042,556.82. Sep tember made a gain of 33,228,524.98 over August, and exceeded the clear-, ings for September, 1918, by $46,170, 641.59. Figures of the clearing-house for the three-month period are as fol lows: 1019 1!1S October .. ..1K1,447.7!7 2 l3,H6,7tS.S17 September .. 1 71 ,4)j, 240.44 1"J.".3:14..")1IS.S5 August 138.176.713.4li 1U9.707.378.3S Subscriptions to the three-year con vertible notes and ten-year convert ible bonds of the United Kingdom of Great Britain and Ireland have .been received to an amount sufficient to relieve syndicate participants from their liability, according to telegrams received by local banks and bond dealers from J. P. Morgan & Co., syn dicate managers. In order to give participants who have not yet subscribed for their own account an opportunity to obtain notes or bonds for investment, the books will be held open until the close of business today. This offering of $250,000,000 has been the most nota- able of its kind recently open to the American public, owing to the op tional conversion feature, presenting an unusual opportunity for profit. F. A. Freeman, of Freeman. Smith & Camp company, commenting on the loan, characterizes it as the most re markable investment ever offered to American investors, saying: Assuming national war bonds eold in London at 100 and proceeds con verted into dollars, holder of $100 notes or bonds .converted would re ceive $100 if exchange rate is $4. SO increasing to $113.19 at exchange par ity 4.S665. If paid at maturity at 105 converting holder would realize $105 over $100 not or bond with ex change at $4.30 increasing to $118.85 at exchange parity 4.8665. This con version privilege may be exercised any time before maturity In case of three-year notes and any time prior to February 1, 1929 in case of. the ten- year bonds.' - - - -4 . A loan of $5,550,000 to the Republic of China is about to be announced. The new financing which will serve to refund a previous note Issue just maturing will be in the form of two year 6 per cent secured gold loan treasury notes to be offered on a price basis of 98.125. yielding the investor over 7 per cent. As one of the members of the dis tributing syndicate the Lumbermens Trust company. Is offering this Chinese issue locally. The new loan is a direct liability and obligation of the Chinese govern ment, which pledges its good faith and credit for the full and punctual payment of principal and Interest and is secured in respect to both princi pal and interest by a direct charge which the Chinese government guar antees to be a first prior and contin uing lien on the goods and taxes de rived from four of the provinces of China, the receipts from which for the fiscal year 1919-1920. as shown in the budget promulgated by the Chinese government are estimated to produce a total of 4.911.692 Chinese dollars. At this time Chinese dollars are worth about 95 cents in American gold. The past week has been a very ac tive one for government and munic ipal bonds according to John L. Ethe ridge, president of Morris Brothers, Inc. "It seems. said Mr. Ktheridge. 'that the general public is becom ing aware of the fact that, after all, the safest investment securities are government and municipal bonds, and are putting their faith and confidence behind this belief to the extent of in vesting their money in those well known forms of bonds. People are getting to know what government and municipal bonds really are and what there is behind them. They realize that when a government or a munic ipality bonds itself for certain pur pases that it is a 'promise to pay' backed by all the taxable resources and property of -the Issuing govern ment." During the past week several new issues of municipal bonds have been purchased by Morris Brothers, Inc.. among which are Included three Idaho issues in the following amounts: $30, 000, Soda Springs. Idaho, 7 per cent improvement bonds; $95,000 City of Rupert, Idaho, 7 per cent paving bonds, and $125,000, city of Rupert, Idaho, 7 per cent sidewalk Improve ment bonds. All three of these is sues will be sold on a basis of net 6 per cent. By reason of business expansion .O. W. T. Muellhaupt of the firm of O. W. T. Muellhaupt & Co., who was for many years actively engaged in the banking business, has removed his financial offices to suite 407-409 United States National bank build ing. In connection with a well-established general Insurance business, this company Is now acting as financiers, and Is handling government, munic ipal, corporation bonds, high class se curities and corporation financing. "California absorbs a lot of bonds, commented O. W. Smith, of Freeman. Smith & Camp company, in charge of the San Francisco office of the com pany, who was a Portland visitor sev eral days the past week. Continuing he said: "There re two classes of investors in securities in California and both buy lots of western securi ties. One is the men who have made their money there and the other the men who have come from states east oii the mountains and have capital to invest after having disposed of their holdings in the old home localities. Of the latter class the southern part of the state has the larger part, but altogether it makes the state a big investor in high class bonds and se curities. Business generally is good in San Francisco and throughout the surrounding district, with the great est crops in history and splendid prices for the growers." . Frank W. Camp, of Freeman Smith & Camp company, is attending to bus iness in Salt Lake City and Denver that will keep him away from home for two or three weeks. Mr. Camp is a former Denver resident and is close ly in touch with bankers and bond men of the Rocky mountain states. The Portland firm has recently handled several issues of Wyoming school district and municipal bonds and there is great progress through- out that section based upon public securities. . It is the opinion of the Wilson-Heil-bronner company that with the. posi tion the government has taken in the coal strike, the disturbance will be of short duration and that stocks may be Bafely bought by Investors. This firm reports that there Is an In creasing tendency on the part of in vestors to give attention to stocks active in the market. The condition that has prevailed Curing the past few days Is cited as j roof of the con fidence the investing public reposes in the loyalfy of American working men. The earnestness with which the different counties throughout the state are going forward with road building programmes, is again demon strated by an issue of road bonds in the amount of $100,000, Just pur chased from Baker county, Oregon, by Morris Bros., Inc. The Baker county bonds are designated as 6 per ctnt road bonds and are dated November 1. 1919, and due November 1, 1939. They are optional after November 1, 1929. They are being offered at 101.57 and will net 4.80 per cent to the optional date jind approximately f. per cent thereaiter. In addition to the Baker county road bonds. .Morris Bros., Inc.. purchased during the past week $400.uu city of Portland new improvement bonds; $73,000 city of Buhl, Idaho, sewer bonds; $55,000 city of Buhl, Idaho, paving bonds; $40,000 city of Soda Springs, Idaho, sewer bonds. The new offerings cn the list of the Lumbermens Trust company are the 7 per cnt preferred etc-ck of the (Jood- year Tire & Rubbir company, the two-year 6 per cent gold treasury notes of the republic of China and several new municipal issues, includ ing a block of City of Molalla Or.. 6 per cent bonds, a new Issue of City of Huntington Beach, Orange county C'al.. 5 per cent general obligation bonds and a block of I g Horn county, Wyoming, school district No. 41. 6 per cent bonds. The fall market for Investment securities is reported by the trust company - oe active. At a recent meeting of the West ern Bond & Mortgage Co.. the capital stock was Increased from $300,000 to $500,000. This increase was made necessary by the rapid growth of tho company and has been subscribed by old stockholders. During the last three years the business of the com pany has expanded until it extends throughout Oregon ana Washington and into a large part of Idaho. A considerable volume of business is also done with customers in the east. The growth of this concern, in the field of farm mortgages, financing of livestock loans and automobil securities, is a testimonial to the busi ness methods and Integrity of Its of ficers and directors. C H. Farrlng ton, president, has been constantly at the helm for the 15 years of its history, and during which the office force has increased from three to 23 employes. CUPID HARD HIT BY P0RTL1D 27 Default Decrees a Week for Four Months Is Record. RELATIVES MAKE TROUBLE Desire of Wife to Work and Neg lect Duties of' Home Life Blamed by Judge Gatcns. One hundred and eight default di vorces a month, or 27 a week, is the startling record for the past four months in the circuit court, according to figures brought to date by Presid ing Judge Gatens wno has heard all the cases. This does not Include an average of 12 divorces a month which are contested by the husband or wife. In substantiation or Judge Gatens' Impression that this Is s.n era of apartment houses and twin beds, he points to the flrgures showing that one-fourth of all the divorced couples, or 108. lived In apartment houses, and In 157 cases thare were no children. Relatives Cause Trouble. "As proof that the whiskered mother-in-law Jokes have some basis In fact," says Judge Gatens. "there is the record that in 91 cases domestio strife was caused because the youw couples were living with paternal relatives." In the great majority of cases, the wives bring the divorce action, 310 women being granted decrees, in comparison with 122 men. "This la not to be considered Iron clad proof that the male of the spe cies is more cantankerous than the female," observes the Jurist. "In many cases the husband wanting a divorce Is willing to allow his wife to bring the suit, possibly from a latent spirit of chivalry." Vancouver, Wash., as has been In dicated in the general grist of di vorce actions, is responsible for one- fourth of the unhappy marriages of Portland folk. Kasily accessible, a meeca for youngsters under age and men who fear the medical law In Ore gon. Vancouver contributed 107 of the unstable matches during the past four months. Many Married Previously. One unfortunate marriage often be gets another, according to Judge Gatens' figures, for of all the couples he has separated in four months in 15 cases the husband or wife had been married before. In 108. or one- fourth the cases, there were children by former marriages to cause bitter ness. The wife who docs not believe her sphere is in the home and adds to the family income by working Is found In 60 per cent of the divorce suits. This Is believed by Judge Gatens to be one of the most revealing features of the statistics he has gathered. Of the 432 divorce cases In 2.".8 instances the wife worked outside of her home. Unpleasantness at home due to the sex question contributed to 182 of the divorces. In 126 cases the husband had an affinity and in 72 cases the wife has one. Ninety-one wives wint ed children but their husbands did not. Forty-plcnt hilshanrlit. . wnnlad children but their wives did not. In 105 instances the husband attended amusements alone, in 76 cases the wife left her husband at home. Period of llappinesft Short. Twenty-eight couples had lived to gether less than one month before separating. 10 less than two months, 14 less than three months, 14 less than four months. 24 less than six months, and 40 more than six months EXEMPT FROM ALL FEDERAL INCOME TAXES Oreg MUN and Washington CIPAL BONDS The Bonds of Oregon xnd Wishinpton cities nd counties are very desirable Investment securities. They rank with the best bonds obtainable anywhere. It will be to your advantage to study this group of bonds carefully, select one or two Issues which appeal to you particularly, and then let us help you decide the best selection for your requirements and circumstances. Better bonds than these are not obtainable. We own these bonds and offer them as investments embodying every element of safety and profitable interest yield. PRICES: TO NET 4.70 TO 5.75'i Rate .Maturity Priced Yield 100,000 Baker County, Oregon. Foad 5 .M&N 1929-59 lot. 57 4.80 34,000 Klamath County, Ore., Road Bonds 34,000 Klamath County, Ore., Road Bonds 34,000 Klamath County, Ore., Road Bonds 34,000 Klamath County, Ore., Road Bonds 34,000 Klamath County, Ore Road Bonds 34,000 Klamath County, Ore., Road Bonds 34,000 "Klamath County, Ore., Road Bonds 34,000 Klamath County, Ore., Road Bonds 34,000 Klamath County, Ore., Road Bonds 41,000 Klamath County, Ore., Road Bonds 500 tCity of Ontario, Oregon, Paving.. 500 TCity of Ontario, Oregon, Paving.. 1,000 tCity of Ontario, Oregon, Paving.. 500 tCity of Ontario, Oregon, Paving.. 1,000 TCity of Ontario, Oregon, Paving.. 1,000 tCity of Ontario, Oregon, Paving.. 1,000 TCity of Ontario. Oregon, Paving 1,500 tCity of Ontario, Oregon, Paving.. 205.000 'Portland, Oregon, Improvement.. 5.000 Wa!lowa, County, Oregon. Road.. 10.000 Wallowa County. Oregon. Road.. 20,000 Wallowi County, Oregon, Road.. 20,000 Wallowa County, Oregon, Road. . 20,000 "Wallowa County. Oregon, Road.. 5,000 Clarke County, Washington. Road 5,000 Clarke County. Washington, Road 26,000 "Clarke County, Washington, Road 6,000 Clarke County, Washington, Road 21,000 Clarke County. Washington, Road 25.000 Clarke County. Washington. Road 30,000 Clarke County. Washington. Road 115,000 "Franklin County, Washington.... 1.500 tWashougal, City of. Wash., Improv. 4,000 tWashougal, City of. Wash., Improv. 4,000 tWashougal, City of. Wash., Improv. 1,500 TWashougal, City of. Wash., Improv 6.000 tWashougal, City of. Wash., Improv. 6,000 tWashougal, City of. Wash., Improv. 4,000 tWashougal, City of, Wash., Improv. Denotes bonds of $1,000 denomination. tDenotes bonds of $500 denomination. 6 6 6 6 6 6 6 6 6 5 5 5 5 5 5 vS si; 5 S 5 5S 5i 5'i syi 5 6 6 6 6 6 6 6 J&J J&J J&J J&J J&J J&J J&J J&J J&J J&J J&D J&D J&D J&D J&D J&D J&D J&D A&O .M&S M&S M&S .M&S .M&S A&O A&O A&O A&O A&O A&O A&O A&O M&S M&S iM&S M&S .M&S M&S M&S 1929 1930 193 t 1932 1933 193 4 1935 1936 J937 1938 1922- 9 1923- 9 1924- 9 1925- 9 1926- 9 1927- 9 1928- 9 1929 1922-29 1924 1925 1926 1927 1928 1931 1934 1935 1936 1037 1938 1939 1924-39 1922 1923 1924 1925 1926 1927 1928 101.97 102.12 102.27 102.40 102.54 102.66 102.78 102.89 103.00 103.1 1 102.15 102.91 103.64 104.33 104.9S 105.60 106.20 106.76 106.20 101.32 101.55 101.77 101. 9S 102.18 104.47 105.23 105.46 105.68 105.89 106.09 106.28 100.88 100.68 100.88 101.07 101.25 101.42 101.59 101.74 4.75 4.75 4.75 4. 75 4.75 4.7S 4.75 4.75 4.75 4.73 5.10 5.10 5.10 5.10 S.IO 5.10 5.10 5.10 4.S75 4.70 4.70 4.76 4.70 4.70 5.00 5.00 5.00 5.00 5.00 5.0O S.OO 4.80 5.75 5.75 5.75 5.75 5.75 5.75 5.75 MORRIS BROTHERS, Inc. The Premier Municipal Bond House Capital One Million Dollars MORRIS BUILDING, 309-311 Stark Street, Between Fifth and Sixth Streets Phone: Broadway 2151 PORTLAND OREGON Phone: Broadway 2151 and less than one year making 130 in all who lived together less than a year after marriage. In 68 cases divorce proceedings were begun in less than a month af ter separation. In 38 cases less than two months, in 4 2 cases less than six months, and in 48 caties between six months and ono year or ISO in all who began their divorce suits in less than a year after separation. " Wlicefc-r Bonds Delivered. FOSSIL. Or.. Nov. 2. (Special.) Tuesday the county court of Wheeler county delivered the 144.000 Issue of road bonds through Steimer & Car penter's bank of Kontl and Ladd & Tilton bank of Portland to the Clark Kendall company, purchasers. Judge II. C. Keyes, Commissioners "Wright and Dukek signed the bonds. The bonds were sold at about $1.0'4. LIBERTY AND VICTORY BONDS If j on mut SKLr, vour Liberty or Victory Ilnnd. SKI.Tj to VS. if you cm HI Y mor Liberty or Victory Bunds. HI Y irom I S. On Saturday. November 1, the . losing market prlVos were an fflven below. They Hn ihf irovernlnK price for Liberty h nil Victory bonds ail over the world, and the hicheit. We advertise thee prre dally In order that vou may ulwavg know l ho New York ma- ket and tho eiH' l vtit of your Liberty and Victory bonds. lt I'd J-"t "d Vlrtory Victory :tUs 4s 49 4 Us 4 l 4 l s 4 a Hm 4m Mar. . . .$10n 7j ;.. oo fw;.or $..'. o 1 '.a.:m $!: 4t 9'.m.46 liu l7 l.o-i !.'. .."7 .1 1 To Total ...iniM $9rt S S94.KT f t to Hr. 71 Wt.&l !!. 1H i w hrn tuin(r o iaau-t ::7c on a ."0 bontl ani J.M on a I Otto bund. V oil at the N'w York market plus the .h-tu' d Interest. Bunelar and VI rep roof Safe lnolt Kniff for rnt (lfa lotil M I. M. on !aturda . MORRIS BROTHERS, Inc. The Premier Municipal Hood Ifnune Taplt.il One Million Dnllara Morris Huildlna. MOil-ll Mark Street. Ilrt. I'ifth and Slilh. TtLKPHU.Mil HKOAUWA Y 2131. K.tobll.bed Over m Uuarter Crntnry The GOOD, the BETTER and the BEST in Bonds ALL BONDS vary in adaptability whether Govern ment, Municipal or Corporation according; to the character of the bonds themselves and the requirements of the investor. Fitting the proper bonds to the right investor is a feature of the service of Clark; Kendall & Co., Inc. Vou Mar Conanlt In Vftaout Obligation. CIARK.KHNDAH 6 CO. INC. WInlock Pastor Installed. CEMTRALIA, Wash., Nov. 2. (Spe ial.) Rev. G. A. Obenhaus today was installed as pastor of St. Peter's Lutheran church in Winlock, the pul pit of which haa been vacant during the past year. Rev. J. Huchthausen of Tacoma acted as installing: officer. Rev. Obenhaus comes to Winlock from Lexington, Texas. Salem Woman's Funeral Held. SALEM. Or., Nov. 2. ( Special.) Funeral service for Mrs. Martha Jane Tlalph. who died here Friday. Were htld today with interment in the Odd fellow a cemetery. We offer, subject to prior sale, part of a new issue of S40,000,000 j Goodyear Tire & Rubber Co. of Akron, Ohio New First 7 Preferred Stock Par value of shares $100 The object of the new financing is not to obtain addi tional money, but to retire issues of first and second preferred stock now outstanding. Company's balance sheet of August 31, 1919, shows no funded debt. Gross assets on that date were $125,450,000 and inventory and current assets $78,419,000 as against $31,863,000 current liabilities. Net earnings before Federal taxes for year ending October 31, 1918, were $15,388,000. Estimated earn ings this year $20,000,000 or more than seven times dividend requirements on the new preferred stock. The company has $20,731,000 common stock out standing, selling at about $400 per share. PRICE: Par and accrued dividends, TO YIELD THE FULL 7 We invite investors to exchange through us their preferred stock of the previous Good' year issues for this new stock. Lumbermens Trust Co. Lumbermens BIdg. Fifth and Staxk Streets $600,000 Capital and Surplus ROBERTSON & EWING GOVERNMENT CORPORATION MUNICIPAL BONDS LOCAL SECURITIES 207-8 NORTHWESTERN BANK BLDG. PORTLAND, OREGON. Syndicate Loans Attractive Investment opportunity is offered from time to time by partk-ipatinn in the nation wide syndicate loans to Foreign OJoverumentP. Municipalities and to great American corpora tions. Advance information often onables investors to participate with profit not otherwise to he obtained on account of oversubscriptions. j:stabllshment of peace will release many For eign loans, proceeds of which will be spent in the I'nlted States, thereby increasing the already great amount of money awaiting peace to invest. Interest rates are clue to fall, bond values to rise. We participate in all National Syndicates that p in our Judgment are worthy of entrusting our ' own funda. 1 Ask to be placed on our mailing list for advance information. Freeman Smith & Camp Co. SECOND FLOOR NORTHWESTERN BANK BUILDING Main 646 POftTLAMO ft II MANCftCO School Bonds T AT . f rf m r 1 I io ixet oyo io o i-oyo Government and Municipal Bonds Bought and Sold Devereaux R(5mpany S7 Sixth Street Broadway 1042 .Ground Floor Wells-Fargo Building 1 The Bank of California jj 1 National Association J EE Founded in 1861 EE H HEAD OFFICE: - SAN FRANCISCO E Branches at j EE PORTLAND, SEATTLE and TACOMA Conduct a general bankingbusiness. EE E We Carry Checking; and Savings Accounts EE Buy and Sell Foreign and Domestic Drafts and EE Cable Transfers EE Issue Commercial and Travelers' Letters of E EE Credit and Travelers' Checks for Use E Throughout the World EE EE Pay Interest on Time and Savings Deposits EE H Capital, Surplus and Undivided Profits, $17,000,000 H W. A. MACRAE, Manager PORTLAND BRANCH Third and Stark Streets J. T. BURTCHAELL, Asst. Manager lllliillllllllllillllllillliillllllllll!