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W. A. DILL
Editor and Manager
Published Every Monday and Thursday by tho Lano County Pub
lishing Association. ..
KATES Or oUUoviWt llwri.
Ono Year . . S1.B0 1 Sir Months .75 I Throo Months - .60
i : Advertising Uatcs Furnished on Appltcutlon.
' Member, of tho State Editorial Association.
Member of 'the Willamette Valley Editorial Association.
And Remember to Get a Stop-Over for Springfield.
SPRINGFIELD, OREGON, MONDAY, SEPTEMBER G, 1915.
THE LIVE-STOCK OPPORTNITY
There is nothing that stands out quite so clear as oppor
tunities of the past. Every man can cite instances where ho
had opportunity, sometimes disguised and sometimes so well
defined that there should have been no failure of recognition.
The livestock situation today unquestionably holds opportun
ities such as it never did in the past and never has it stood out
so well-defined. We know more about livestock management
than we used to and have a better conception of market de
mands. The price of dairy cows is not as high right now as itSvas
two years ago, but it is decidedly higher than fifteen years ago.
Ten years ago there were ten million cattle more than today
and in that space of time it is estimated the population has in
creased ten million so that the shortage has manifested itself
There has been raised the question of over-production in
dairy lines. There: is no over-production and no immediate
possibility of this condition,. There may be under consump
tion through financial stress.
Two or three causes have operated to depress the price of
dairy products during the past year or two. One is, consumers
whose earnings have been curtainled and who have therefore
been forced to curtail their purchases, another is. fear of for
The Australian and New Zealand competition does not
exist just at the present time. In fact we are shipping a great
deal of dairy products to these two countries. Yet the price of
butter does not rise in keeping with this export trade. The im
porting of butter from these two count is unfair from the
standpoint 8f season more than anything else,' Their plant
investment compare favorably with our own. Their labor is
not secured materially cheaper. It is an advantage of season
that makes butter from that source unfair to our home dairy
men. Our January and February butter is the most expensive
that we produce,, while this being the mid-summer season in
Australia and New Zealand, their butter is made on pasture
The livestock business is a proposition of time. It is not
a single year enterprise. The one who jumps in this year and
out the next will not be satisfied with it. With any business
it is the average year that counts and this is true win livesock.
And harking back o the subject, the average year for the future
in livestock could not be brighter. All business is at a low
ebb because of the uncertainties that prevail in the affairs of
men. Conditions are being adjusted and the tide will turn as
it always does. The price will not only return to k where they
have been but they, will go higher. Prices of dairy cows are
low right now and of all times to invest it is when prices are
low and there is prospect of improved conditions.
Our breeders are putting on the market better producing
cows both from the standpoint nf milk and meat. A farmer
may buy a foundation herd of dairy cows that will develop into
producers giving more pounds of butter for a given investment
of feed than he could ten or fifteen yeras ago. He can buy a
start in beef cattle that will give him more pounds of beef for
the same amount of feed. The price of feed is greater than in
the past," but we do not have to turn back the pages very far
until we find both butter are beef at half that of today's hard
times prices. The time to buy sires that will improve produc
tion, or to buy a-foundation herd, is right now. By the time
you are getting results, the right price will be in evidence.
j Rural Spirit.
TOO MUCH MEDICINE.
In discussing the causes of depression in the lumber in
dustrry The Oregonian omitted one cause lack of confidence.
This feeling arises from conditions existing not only in the
lumber industry but in all other industries. Those conditions
have been brought about by continual change in the laws
affecting business and by threats of further changes. The
legislative and administrative acts adverse to the lumber in
dustry, which we have already detailed are only typical of sim
"men fear to move forward and capitalists fear to invest, be
cause of certainty as to some obstacles which they would en
counter and of uncertainty as to what additional obstacles
may be placed in their path. This fear is expressed i:a the
term: "Lack of confidence."
Other industries than lumber enjoy prosperity, but it is
THE "GREATER OREGON
lent. en. I!
tlOIIH to lift It
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With unw bullilliiL-s. better wiiinii
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lucuitr.tiie uiiivermtr or Oregon will
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Hierlal training In Commerce, .louriiulUm,
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Library of more than 00,000 volumen, thir
teen bullillnc fully equipped, two dplendlrt
Tuition l'ree. Donnltorlea for men and for
women. Kxpeme Lowest.
Write for- free catalueaddreMlnir ItetUtrnr
UNIVERSITY OF OREGON
OUR PUBLIC FORUM
Otto Kahn' . . . ,
On Financial Farm Loans
Rvory clttxcn ho desires to tiecomo ennnbto In
bualucBR BhouUl study banking, ami ovary fnrmor whoi
wnntR to sco tho business of nwleulturo properly llnnuecdl
should study tllllRtmtly tho financial systcinn of athor Indus
tries. All other linos ot Industry havo tlovotopod financial!
facilities adapted to their needs. Wo navo air sorts or
financial syndicates nuthorlned by law or custom to deal
In a certain 'Inn of i.ecurltles. but In liono ot lliosti flnnn
clal vhnunqls will farm securities travel without a bonus
lit tho way ot an cxcosslvo rata or intercut or Heavy uifl
TIiq nvoAt powerful financial Institutions In 'America
nro prlvato banks and they aro tho most Important to;
tho tlnnnclAl life of Industry. In no line of business tlos
honesty, efficiency and stability make moro tmpetiulvo demands than upon'
prlvato bankers, whoso greatest asset Is the eonfldeneu of tho buying publlo,
In his business judgment and Integrity Mr. Otto Kahn of Kuhn, l.oeb ft Com
pany, when asked to state, tho relation of tho prlvato bnukor to tho bustuosS'
of tho nation, said In part:
"Ono of tho most Important functions or the pilvnto banker la to bo tho'
Inrtrumcnt for providlnK tho money needed tor tho efllclcnt conduct and,
development of railroads and other Industries, Ho docs this by buylmr
securities In bulk from thoso needing capital, for which purpose he usually
associates himself with n largo numbt-r of other financial houses, groat and
small, thus formlnR what Is called a syndicate. HavltiK In this way concluded
tho buying transaction ho offers to tho public tho securities purchased by
means of 'advertising, clrcularltlng and through tho facilities of tho retail
houses Included In tho cyndtcate, many of whom cmptoy traveling salesmen
Of course tho banker and tho syndicate count on a reasonable profit for tholr
Bervlces; on tho other hand they run tho risk of tho securities, which they'
have, donnltely bought and paid for at a fixed price, remaining on their hands
wholly, or In part, If tho public, for one reason or another, should bo unwll.
ling to buy them. Th selling of securities Is a highly specialised I trade,
requiring much oxpcrlonce, organisation, machinery and scrutiny. This Is
ono of tho reasons why corporations do bettor In offering securities to tho
public through bankers than If they ortorod them direct. Tho willingness
of tho public lo buy depends upon their confidence In tho integrity nnd tho
Judgment of the banker who makes the oner, anu a oanKer wno auompis io
mislead tho public, or who Is deficient In care or Judgment, would very soon
find hlmsolt without customers and. therefore, out of business, in many
European countries, tho functions of the private banker lncludo tho placing
of bonds secured by farm mortgages Hands of this nature are Issued In
largo quantities by mortgage banks who buy mortgages on farms and other
real estate and deposit them as security for tholr own bonds, which in their
turn arc lold to ankcr8. It Is to be hoped that similar Institutions will.
In course of time, be created In America, thus placing tho farming Industry
on n par with othor Important Industries In facilities to obtain capital."
j; x n Wnloh 11
First National Bank
Will furnish to ovoryono who will "bocomo a depositor to
tho amount o'f one dollar or moro, a handsome
Homo Savings Brink
to use. You are Invited to call and ask for one of thosa
safos. If you ore already a depositor you nro entitled to
ono to use.
Very taw people can save In largo amounts. If you wait
until you can deposit a large amount you may nevor beQln,
Everyone can save In a smalt way. He who drifts Into the
hpblt of spending as ho gacs will always remain' poor.
The Bank Keeps tho Koy
This Homo Savings Hank Is loanud to you froo of clmrgtv
Ono dollar of your account is to bo held to ItiHiiro lt return ( "
but remember this dollar belongs to you; can bo drawn by
you at any tlmo on rotum ot tho Safe.
due to au abnormal, highly nrtiilelnl cause, which may in any
month cease to operate namely, the war. For tho time being
the war has obscured the effects of lack of confidence but they
are still working in the reluctance of business men to branch
out and of Investors to undertako new enterprises. Peace
would no sooner remove tho. artificial stimulus which tho war
has given to busienss than the full effects of adverso legisla
tion and of consequent lack of confidence Would become ap
parent. The foreign' competition to which the Administration
has exposed us wou)d be intensified by the struggle of bellg
erent nations to recover .markets which they have lost and to
rebuild industries which now stagnate. Capital knows this,
and therefore fears to move1, though it accumulates in unpre
cedented volume and Is eager to be at work.
No doubt the laws relating to business are not perfect,
but there is, a limit to the amount of surgery that a patient can
endure without a respite. It is time for our Democratic doc
tors to consider whether some of the remedies they have al
ready administered were riot too drastic and whether they
would not better devote .some time Jo building up the.patlent's
physique and nervous system before performing another oper
ation. It is poor praise for a surgeon to' say that the operation
was a success but the patient died. Oregonian.
NOTICE TO WOOD CONTRACTORS
Xotlce is hereby given mat sealed
bids will bo received by H. E. Walkor
Recorder of tho Town of Springfield,
Oregon, until 8 o'clock P. M. Monday
September 13, 1915, for tho delivery
to the Town of Springfield,. Oregon, at
tho City Hall in said town, Fifteen
Cords of four foot wood. Didders aro
requested to bid on oither Oak, Ash,
Maple and Fir. '
Said wood to be dollvored at tho.
City Hall in said town within ten day
aftor the lotting of tho contract.
Council reserves the right to' reject
any or nil bids.
liy order of the Common Council.
Datad this 1st day of Septombcr 191D.
' HERBERT E. WALKER.
: t S2-13 Town Recordor.
NOTICE OF MEETING OF BOARD
Notice is hereby given that tho
Board of Equalization for Lane County,
Oregon, will attend at tho court house
of said County on Monday, September
13th, 1015, and .continue In session for
Dated this 21st day of August, 191C.
UenJ. V. Keeney,
tawS2-lG County Assessor.
Notice to Creditors.
Notlco is hereby given that the un
derslgned Vina McLean has been ap
pointed administratrix of tho estate
of Jahalan T. Witter, deceased, by.
tho Probata Court of Lano County,
Oregon, and that all persons having
claims against said estate are requir
ed to file tho same, duly verified, with
tho said administratrix at Sprlngflold,
Oregon, or at the law ofllco of Will
iams & Dea" Eugene, Oregon, within
cix months from the dato of the first
publication of this notice. ;
Date of first publication, July 22
WILLIAMS & BEAN,
Attorneys for Estate.
NOTICE TO CREDITORS
Notice Is hereby given that tho un
tlorsigned has been appointed admlh'
istratrlx of the ostato of Stanlslau K,
Noel deceased. All persons having!
claims against said ostato nro hereby!)
rotiued to present tno iamo, duly ver
ineu anu vim mo proper vouchers,
to tho -administratrix at the offlco at
Woodcock. Smith & Bryson, 210 Bar
nard Building, Eugeno, Oregon, within
u I V mnnliu frmn flin iXntn ttf ilia fi-nt'
..... ,.. w. ...u i.u.w ... iic iitnhx
publication of this notlco. ij
Pato of tho first publication of this;
notlco August 5, 1915.
Administratrix of thu estate of Stan
lalau K. Noel, doceased.
Do You Speak and Writo Eng
. m y
By our method we teach g6od
English in a clear, practical and
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It costs you nothing and you will
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A. E. CHAMBERS. Manager
Schools, 897, Willamette St.
Notice Is herewith given that the
County Surveyor of Lane County, Ore
gon has filed In tho Offlco of the
County Clerk for said County, hla
"Certificate of Completion" of work on
County Iload No. 309-V6, in accordance
wtlh Contract with Iloylanco and Mob
singer, who havo completed said work
and any person, firm, or corporation
having objections to file, to tho com
pletion of said work aro horoby noti
fied to do so within two weoks from
tho data of this Notlcp, In tho ofllco of
tho County Clork.
Drfted Septombor 2, 1915.
STACY M. RUSSELL.
tS2-9-J(T ' County Clerk.
The Best Groceries
For Less Money
The Fifth Street Grocery
Thos. Sikes, Prop. Phone 22 '
arc famous for quality and
wo savo you money on
what you buy hero. We
sell Dependable Coffees nnd
Teas and everything clso is
dependable which wo soil.
Nice & Miller
Op Commercial State Bank
W. F. WALKER
Office Phono 62; Residence 67-JJ
Commercial Printing at the
OREGON and WASHINGTON
4 Directory or eacn viijr, uoTyn nnu
Village, Hllinif . dcecrlptlvo ikotvh ot
arh ,tnM. InPflllnn. tiflutllntlim. tbm
8.1 eo ClaiBlfled Dlredlory, eumpllf.il by
tue!iitM and proromdoa., -;
FIRST NATIONAL BANK, EUGENE, OREGON.
Capital and Surplus - - - $303,000.00
Interests on Savings Accounts and Tlmo Certilicates
IP YOU HAVE NEVER TRIED
THE SPRINGFIELD CREAMERY
Chas. Barkman, Manager.
Try us and be convinced that it pays to patronize homo
-Fpr Farm and City Property
Exchanges a Specialty
Springfield - Oregon
Repairing a Specialty
Main, 1ut. Fourth nnd Fifth. Phono 11
8PRINGFIELD - OREQON
Office In City Hall, Sprlnnfleld, Ore.
HERBERT E. WALKER
Q. R. Guliion; JVLD.
Practice Limited tl
Eye, Ear, Nose and Throat.
Graduate Nurse Attending
306, White Temple, Eugene.
Olllco Ninth and ri'HrlKl. Toli'P'ionoBM)
DR M. Y. SHAFFER, D.V.S.
Bulfo 2. Phono 888, EUOKNE, OHB
Resldonco over Dodgo's Store
J. H. BOWER
DR, J, E. RICHMOND
PHONES Office, 3; Residence, 116-J,
Over Commercial Bank,
mA'riVUB Main to
881WIIImettoSt . EuflenOrego.JlellUJ...