La Grande evening observer. (La Grande, Or.) 1904-1959, June 16, 1910, Page PAGE FOUR, Image 4

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    I
I
U 6BASDE FTEH1&G OBSERVFR
. PsMIshed Dally Except SoBday
;-Si.lE DENNIS
tuiior and Owner
tailed Frits Tel graph Sen Ice
Entered at Uu ntomte i 1-i -"i"v.-tf!-as
second-class matter
SUBSCRIPTION RATES.
DaUy, single copy.
Daily, per week..
Daily, pe? month..
Sc
15c
C5c
This paper will not publish an ar
ticle appearing over a com de plume.
Slimed articles will i revised sub
ject to the discretion of the editcr.
Pleaae sign your article and save
UaappolDtmeLb
reason for the failure or such cities
as Philadelphia, Baltimore, Chicago
and Milwaukee to dispose of first-class
securities on a 4 per cent basis, rath
er than any reflection on the nature
of the desirability of the issues.
: A collation of the opinion of a large
brakes to set, and it is much better
for , things to slow down, gradually
than It la for then:, to come to a sad
den stop scch as is encountered when
a panic strikes. . .
The stock market asd the price of
number of Investment bankers leads commodities show decline, but healthy ;
to the conviction that though
country at present is on a high Inter-
U,e i aecune miner man a siump, ana uus
HIGH INTEREST BATES.
The recent failure of such a large
number of 4 per cent municipal bond
offerings, to find satisfactory purchas
ers and The rather indifferent success
of many offerings at 44 and eren 4'
per cent lead to the belief that money
rates are finding a tendency to seek
f1. remarks t'j a American
nouncement that savings banks will
decrease or hare decreased the Inter
est allowance on deposits from 4 to
Vk per cent is a farther indication
that , financial Institutions are com
pelled to exact a larger margin of
profits on transactions.
By far the greatest factor, however,
In the demand for higher interest rates
Is the attitude of the private Investor,
who la no longer willing to accept the
est level, this condition is not one of
permanency, but will be subject to a
radical readjustment that will ere
long make its appearance. Says one
student of the situation: The recent
difficulty in placing new security Is
sues is due to two causes. The first
Is the diminished supply of available
capital for productive enterprise in
the United States, individual and
public extravagance, municipal as
well as National, has absorbed the
ordinary savings of the country to a
greater extent than heretofore. An in
creasing percentage of public and
private expenditures for several years
past has been for account of non-productive
purposes.
The second cause , is the necessity
on the part of the individual if not
of the Institutional Investor for a
higher return in the form of interest
rates. The National and municipal ex
penditores are constantly calling for
higher taxes, and the increasing with
drawal of men and means from pro
ductive labor Into non-productive pur
TZ'S root of service and
commodities, which enhanced cost
falls upon the individual whose income
is derived from stocks and bonds with
the same force" as ' upon Individuals
whose Income Is derived from wages.
"We do not believe that the courf
try is on a permanently higher in
terest level, although we would, not
venture to predict when the change
will occur. It may be five years or It
may be ten, but within one of tbesl
periods there will be a radical read-.
is satisfactory to every business mac.
All realized that things could . not
keep up the pace they had been trav
eling. -. .. .
But hi the Grande Ronde valley the
demand for labor keeps up. Not a
day passes that ranchers and fruit
growers do not comb the valley for
men and offer extraordinary wages.
That is the advantage of a valley
that produces commodities for "the
world's market.. ; :
THE COUNT! FAIR.
oramary scaie oi rem, v wvu, ; jnstment. and it will likely come as all
Invested, but who Is constantly ek-;other jucb change8 hate conje ,n tne
tag an enhanced revenue, commen- pu namely throngn dragUc llqulda.
surste wtih the increased cost of liv- Uon Jn commerclal Indu8trial and
ins expenses. It would appear, aI- re&1 egtate circles.. However, pend
most, as if the tecurity whkh offered; jng thU readJu8tment the j88Ue f
4 per cent or more were the ml?jBew. 8ecurJtleg under necessitous con
ones In which any considerable inter- .... . . . . th 9rmt ftf
higher rates of Interest will naturally
est could be aroused,
is remembered that
Then, when it j
many bankers
have an adverse effect upon long term
and old securities which were put out
have customers who are clamoring for ;
. ' nit - a m.4
nans w irri ,rc wiiuuz 1 1 1 imv d itt- i lful - . ....
r. . , 1Qnaer more ravoraDie conamons. .
or more for accommodation, it Is not j
to be wondered that securities of DOESXT AFFECT GRANDE RONDE.
whatever nature offering; a lower rate
are declined, and remain without pur
chasers. This condition has been the
PiCKLES
IN BULK
Plain Sweet
Mixed Sweet
Sour
Dill
Mnstard .
Complete line
bottle pidhles.
50cQt.
30cQt.
20cQt.
20cQt
30cv.
of HEINZ
P1I0XE BLACK 61
PATTISON
BROS
The telegraphic story appearing in
last night's Observer to the effect ttiat
railroads of the west had discharged
several thousand employes does not
look good, and while It docs not in
dicate that a panic or hard times arc
about to be precipitated it does Im
press unon the nubile that something
J! is wrong.
The labor problem is today the
hardest one to solve. Demand 1b
greatre than the supply and men for
public works are hard to get and much
harder to keep. Such a bitter feeling
is engendered against the foreigner
that most corporations have a re-
luctancy In turning construction of
4 their entire physical property to men
W. I who cannot sneak the English lan-
guage. ,
Then, too, things are not settled at
Washington regarding railroad legis
lation. There is a spirit of unrest
and in all probability the railroads
desire not only to retrench but to
make somewhat of a demonstration
as well at this particular time.
1 Whichever it may be the effect is the
The fair association is to be
strongly commended for getting into
the advertising game early this year.
At a recent meeting of the board of
directors It was decided to staitthe
work, at once and not let It lag for
an instant until after the gates were
closed on the last day.
This means a greater success than
was scored last year if such a thing
is possible. It is understood the for
mer plan of converting the fair Into
a trades display as well as a com-
pteie- euuwuMi v . . C--C..T
will be fcllowed which will give local
manufacturing. Jobbing and retailing
concerns an opportunity to take part
The fair Is not confined wholly to
the Grande pra -zlley, for all parts
of Union and Wallowa counties are
invited to take part and everyjexhlbit
will be gladly received and properly
cared for. In the fair, this fall the
broad spirit, of pushing all parts of
these two counties will obtain and
the event will be advertised in such a
manner that all strangers who con
template a visit to this part of Oregon
will make it a point to cometwhile thei
fair Is in progress so that products;
can ne seen at a giance.. ,
The best way to observe what a
country produces is to attend a fair.
It takes T i short time t-J determine
then whether you are satisfied with
the sho",''rs made, after making due
allowances for the products not shown
as well as giving credit to those that
are exhibited.
Few organizations possess the en
thusiastic workers that the fair asso-
claiton has, and nothing but the word
success can soell the outcome of
their efforts for this season.
Have
You
HENDERSON
Visit our Corset Department and let us show you our new line of Henderson Cor
sets. We are sure the beauty and .design 'and artistic ness of these corsets will
pleaseyou. " -' -V . ' -
Gorsets to Fit Any
Form
No matter what your size or requirements may be we can fit you accurately in an
attractive model that will mold your figure to your most exacting requirements,
Corset Economy
- The more you pay for
your corset the fewer cor
sets you will have to buy.
That's real economy. Then
consider the far greater
satisfaction you will get
from the better grade of
corsets. f
The effectiveness of
your dress depends entire
ly on your corsets.
u m ml-
- a a vmm v a wm
HENDERSON
Fashion Form .
Corsets
$1.00to$7.50
We Invite you to examine them
HENDERSON
Front Laced Corsets
Keep in mind our specials: Our $2.90 Oxford sale, Our Ladies' Tailoied Suit sale. Cur
; Udies' Kenyon Goat sale, Our Half price Millinery sale.
1LT
The Quality
Store
REWARD 0T BRIBERY.
WUR EYES
Should be examined by
one who has mastered the
science of siht testing
The question of salaries for' teach
ers Is now up to the people in Port
land and statistics show that, the Ore
gon metropolis pays less than any
city on the coast. This in itself is as
bad an advertisement as' Portland
could possibly have. There are few
rases where teachers get more than
their services are worth.
Browne's Attorney Argues That Re
Z wards for Votes Periulssable.
I Chicago, June 16. Arguing that ac
cepting a reward for voting doesn't
constitute bribery, Attorney Forest for
Browne, on trial for alleged bribery,
in connection with Lorlmer's election
to the senate, fought against admis
sion of testimony of Representatives
; Link, Beckemeyer and others who are
expected to testify that' they got $100
each for voting for Lorimer. .
Mrs. E.G.Adcook i
Xtrm 7. Smltli'a Xf Illinois Rtnra W
; ----- .
Hair Dressing, J
Manicuring,
Vibratory Massage,
Electric Radio,
Bell Treatment
Big reduction lor 10 days
! switches, puffs; toJct ar-
-' tides and combs.
W
K i
same and idle labor is not desirable
In cither case. .
This Is only another link welded
in a chain that was bound to be
thrown In the way of rapid (advance
ment. The country was going pell
i mell in a business way with no air
Mary Adele Case, the Oregon night
ingale, complains that Portland is un
appreclative. Perhaps Portland would
warm up a little If the singer would
remove that polk-a-dot veil the next
time she has her picture taken.
Well, those who did not attend the
circus today will take the children for
the evening performance. You know
the children must 6ee the show.
1 0 years experience in the
latest scientific methods
of sight testing
One charge co ers the en
tire cost of examination,
glasses, frames.
I grind all my glasses. 4
. HEAGOGK, Eyesight 1
Specialist. Office over
Newlin's d ug store.
Hubbard council refused a license
for a second saloon.
1
Children's Play Shoes
We have shoes that will be outgrown pefore
outworn. " '
It is best for your benefit that you fit your
children in either of these lines.
Sprinter Peihler or Minnehaha
, All Show Shoe Science
SMITH & GREEN
Shoe Men
'4
I
THE OBSERVER PR1TS THBNEVS
In The Circuit Tourt of The State of
Oregon, For t'nlon County.
E. A. Brownell. Plaintiff, vs. Ella L
Brownell, Defendant.
To Ella L. Brownell, th? above
named, defendant; You - are hereby
summoned and required to appear
and r answer the complaint filed
against you in the above entitled suit
on or before six weeks after the first
publication of the summons in this
cause, and you will take notice that
It you fall to so appear and answer
said complaint, the plaintiff will ap
ply to the court for the relief de
manded In said complaint, to-wit: for
a decree of the court dissolving the
bonds of matrimony now, and hereto
fore existing between you and the
plaintiff, and for general relief.
You will further take notice that
this summons Is published In the La
Grande Evening Observer, once a
week for six consecutive weeks, of
seven Issues, by order of the Hon. J.
W. Knowles. Judge of ,sald court,
made, dated and entered April Cth, A.
D. 1910, the first Issue of Bald publica
tion being June 9th, 1910. ;
T. H. CRAWFORD,
Attorney for ths Plaintiff.
June 9-16-23, July 7-14-21. '
jtfround the Cir cle
for Forty Dollars
Going Via Returning Via
SPOKANE PORTLAND
MACLEEOD THE DALLES 1
CALGARY PENDLETON '
VANCOUVER WALLA WALLA
VICTORIA LEWISTON
SEATTLE INLAND EMPIRE
or Vice Versa
SHORTER TRIPS
To the
CANADIAN ROCKIES
ARROW LAKES
KOOTENAI LAKES
Tickets sold dally, June 1 to Sep
tember 1. Final limit October 31,
Unlimited stopovers.
Write for Particulars.
G. M. Jackson Geo. A. Walton
Trav. Pass. Agt Gen. Agt
14 Wall St, Spokane.
The George Palmer
QJLMGBH15 (COD
RETAIL DEPARTMENT
We solicit your orders for Shingles, Rubberoid Roofing,
Deadening Felt, Building, Paper.
We are prepared to furnish and deliver material
promptly. Phone Main 8.
- GEORGE PALMER, Pres W. L. BRENH0LTS, Ass'i Cash.
F. J. HOLMES, Tlce-Pres , ! EARL ZUNDEL M Ass't Cash.
V. . F. L. MEYERS, Cashier. ' , " .
LA GRANDE NATIONAL BANK
OF LA GRANDE OREGON
United States Depository
Capital and Surplus $180,000.00
DIRECTORS
GEORGE PALMER
F. J. HOLMES
W. J. CHURCH
F. L. MEIERS
C C PENIXGT05
ftL CLE AYES
F. M. BIBK1T
W. L. BRENHOLTS
ff.M. PIERCE
With cut ample resources and facilities we can render yon efficient
i jj service and handle jonr business to yonr entire stalsfactlon