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
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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
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For the Man Who Cares
For the Man Who C >r«-»
GROSS & COMPANY
Top to Bottom Furnishers