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About Oregon emerald. (Eugene, Or.) 1909-1920 | View Entire Issue (Feb. 11, 1913)
OREGON FARMERS IN NEED OF MORE FUNDS Present Kates of Interest Prohibitive —Rural Credit Organization Advised. (Supplied by Department of Eco nomics.) European farmers have for more than a century successfully conducted co-operative land credit associations. By virtue of the security afforded through their collective guaranties, they pay only from 3Y2 to 4 Vs per cent interest on farm loans, while the American farmers pay an average of 8V2 per cent. Interest charges to the amount of $250,000,000 could be saved annually by the American farm ers, if they could borrow as favorably as the French and German farmers do f with co-operative credit. Oregon Needs Capital. Oregon fields need drainage and irrigation to secure highest produc tivity. But there is a lack of money. Areas long under cultivation need ap plication of fertilizer and subsoil cul tivation. Logged-off lands await the stump-puller. Then there is the ex pensive development period of the apple, the pear, the cherry, and the walnut orchards, that must be capi talized. Equipment of the dairy farms with silos, with sanitary sta bles, and the stocking of them with pure bred flocks and herds must be provided for. Capital on the eco nomic terms that the collective guar anty of the co-operative societies would ensure is the prime need for for the next step forward and up ward in Oregon. A rate of interest just above the margin of annual earnings is ruinous, while the rates secured byb our municipalities on • their bonds would make borrowing safe by the Oregon farmer. Wisely 'organized co-operative credit associa tions would bring his rate down to that of the best municipal bond. Rural Credit Advised. The annual surplus income of the rural community is now mainly de posited in the commercial bank and largely drawn off to the money cen ters to become the resources of the speculative operators and to fall into the hands of the money trust. Under such a condition the whole financial structure becomes top-heavy and is subject to periodic disaster. Capital instead of being held to essentially productive purposes on the farm is devoted to those wholly non-produc tive. Adaptation to Oregon’s Needs. Three or four main types are rep resented in the European co-opera tive credit associations. Some furnish short term loans on personal security, others offer long term investment loans on real estate security, with easy conditions of repayment, insur ing against danger of foreclosure through crop failures or other mis haps. Oregon has a fair supply of loan funds in the common school, Agricul tural College and University land funds. But while these are available at reasonable rates of interest, they tome far short of meeting Oregon’s agricultural capital need. And espe cially do they fail to yield any train ing for farmers in capital manage ment, which farmers would secure in administering loan funds through co operative associations. Nor have our state funds been applied with a dis tinct end in view of furnishing capital for purely productive purposes. The University is analyzing the re sults of Europe’s long experience with rural co-operative credit and has nearly complete charts to exhibit all the salient features of the different types of organization. ’ These will make easy such adapta tion of them as Oregon’s peculiar conditions call for. Statistics which have been compiled at the University of Minnesota show that there are one hundred ninety girls who either partially or com pletely support themselves. Ninety nine out of this number employ their Spare hours in teaching and tutoring. Housework seems to rank next in favor, though only twenty-nine have professed anv proficiency or inclina tion toward that art. Clerical, social, and stenographic work, printing, sew ing, photography, and canvassing, each has a few devotees. Political jvork has been chosen by one girl as a means of aiding in her support.— «Minn. Daily. DR. GILBERT WILL ADDRESS AGORA CLUB OX WAGE LAWS The next meeting of the Agora Club will be Thursday evening, in Miss Perkins' room. Dr. J. H. Gilbert will lecture on the minimum wage move ment, covering the necessity for the minimum wage laws, the history of the movement, the minimum wage bill now before the legislature, the advantages of the proposed wage laws, and the obstacles in the way of their enforcement. The women’s clubs of the State have manifested a great deal of in terest in this movement, and espe cially have the women of Portland done a great deal toward it’ss ad vancement. The members of the Aagora Club and any who are interested in the work, are invited to attend the meet ing and hear Dr. Gilbert’s lecture. ! FRESHMEN WILL CONSIDER FINANCIAL PROBLEMS For the consideration of a finan cial report, and other business that may come up before the class, the University Freshmen will hold a spe cial business meeting Wednesday morning, immediately after the As sembly. The meeting will be held in Villard Hall. Should the Assembly continue into the next hour to any extent, the meet ing will be postponed until the after noon at 4 o’clock. President Robert Prosser announces that the meeting is important and urges that every member of the class be present. The Freshman class hour commit tee will meet some time this week with Professor John Straub, for the consideration of some plan to make the 1916 Hour of special interest. The new university athletic com mittee at Yale has adopted rules which will make it impossible for any student who plays summer baseball for compensation to take part in ath letics at New Haven. Y. M. C. A. STAG MIX WILL TAKE PLACE IN DORMITORY The Men's Dormitory will be the scene of the semi-annual stag mix next Friday evening, at 7:30. This mix is held for the benefit of the new students and will be the greatest get-acquainted party of the year. Vocal duets by Harold Grady and Bert Jerard will be heard, as well as solos by Jerry Martin and Kinney Miller. Ed Bailey will have charge of the "hot. hand" events, and he promises something exciting in this line. A feature of the evening will be some Japanese readings by Joe Tom inago. TWENTY-SEVEN HUN 1)RED BLUE BOOKS ARE SOLD Twenty-seven hundred blue books were used this year by the students of the University during examination week. This is the approximate num ber sold at both the Y. M. C. A. Book Exchange and the Library Book Store. The high cost of living made itself felt last year when books sold for five cents each. This year, however, the cost of the few sheets was reduced to a penny, by leaving off the blue cover. IT. OF W. DAILY EDITOR RESIGNS TO BE EDITOR OF CITY PAPER SEATTLE, Feb. 8.—Andrew El dred, editor of the University of Washington Daily, has resigned his position to become assistant city edi tor of the Seattle Sun, a new daily which appeared here a few days ago. Beryl Dill, his assistant editor, will issue the paper until an election can be held. Eldred will still carry enough work in the University to graduate in June. Among the aspirants for oratorical honors at 0. A. C. is a Japanese with the subject “The Spirit of New Japan. The Daylight Store HAMPTON'S Cor. 6th and Willamette Where Cash Beats Credit YY/’HATEVER your business is, you may depend on one thing—the satis faction you get depends on the satisfaction you give. There is a good deal of joy in supplying the kind of clothes we sell. This store is the home of Hart Schaffner & Marx clothes Captain Roald Amundsen, Discoverer of the South Pole, Northwest Pas sage, and North Magnetic Pole, Geo. Sovern. A. C. Rathmell. THE PALACE BARBER SHOP Phone 971. 519 Willamette St., Eugene, Oregon. ; Starrett's jTools Forjthe Workshop ^58 Griffin Hardware Co, C. W. Crump Dealer in Staple and Fancy ■Groceries Fresh Vegetables 20 East Ninth St. Phone 18 EYES THAT TIRE EASILY can be greatly helped by wearing glasses while reading, writing or sew ing. Let me fit you today to glasses that will ease the strain on your eyes and fit so comfortably that you will feel as if you had always worn them. DR. J. 0. WATTS, Optnetrisi 564 Willamette St. Chambers Hardware Company Gillette Safety Razors 375 Willamette Phone Main 886 Depot Lunch Counter R. H. BAKER, Proprietor Chicken Tamales and Chili Con Carne made daily. The Largest Sand wiches and best Tamales and Chili Con Carne in the city. Home Made Pies and Good Coffee CfeTCEN Dlf VARJXTfES MULTjmED BY *u;r« 390 A Great Variety —of— CHOICE CONFECTIONS await your selection here, each one having a delightful flavor all its own. YOU CAN’T GO ASTRAY You may not want them all— BUT CERTAINLY, SOME KOH-I-NOOR 533 Willamette. 13th ST* MEAT MARKET C. B. DANIELL Fresh Neats, Fish aid Game "BLUE BELL" ICE CREAM THE REAL THING Real, because it is made from real, genuine, aure enough cream—the kind we always have plenty of. Eugene Creamery Phone 638. EUGENE STEAM LAUNDRY Phone 123 West Eighth St. DR. M. C. HARRIS Dentist U. O. ’98. Rooms 2 and 4, Mc Clung Bldg., 8th and Willamette Sts. Bookkeeping Shorthand Typewriting A thorough knowledge of bookkeeping and stenog* raphy will enable any young man to earn a good salary no matter where he may be; our graduates are in constant demand at salaries ranging from $60.00 to $90.00 to start; isn’t it worth while? We have new classes starting practically every Mon* day. Eugene Business College W YOUR KIND FOR ONE-EIGHTH TO ONE-THIRD OFF-ALWAYS WAGONER-SHOES FOR LESS 29 West 8th street Say “Emerald"—it gets the profit MEN—There’s no semi-satisfaction when you buy shoes here. The quality of footwear we sell justifies the care we give to proper fit, AND YOU PAY NO MORE. w w HOME OF T H E F L 0 R S H E 1 M S H O E Just in, a new English model in Light Tan, blind eyelets all the way up. MOST STYLES $5 00 New shipment narrow widths HOME OF T H E F L 0 R S H E 1 M S H O It For the Man Who Cares For the Man Who C >r«-» GROSS & COMPANY Top to Bottom Furnishers