I v i tu f.; -.it ': I'M ? ' r ( v
WEDNESDAY; AUGUST 27, 1913:
LA GBANDE EVENING OBSERVER.
FAQETHDT3
GUIR TUBUS ITS UtTUl
COLOR JIFTERPmiflG SJlGETEl
Mixed With Sulphur It Darkens Beau
' ' tifully and Takes Off Dandruff.
r i Alniosfr everyone knowa that '!?
. Tea and Sulphur; properly cOmpound-
eb, brings back the natural color and
i !..- i. . t . . 'i 1
, uuter w me nair wnen raded, streak
ed or gray; also cures .dandruff, itch
ing scalp and stops falling hair. Years
ago the only way to get this mixture
was to make it at home, which is mus
sy arid troublesome
i Nowadays skilled chemists do this
better than, ourselves." By "asking at
any drug stors for the ready-to-use
product called "Wyeth's Sage and
Sulphur Hair Remedy" you will get a
large bottle for about 50 cents. Some
. "r''' 'y.'tt 0;, , .: -""v- 1
Attention I
; i , V-:J' x J
If you want a farm, I have it If
city property, my listings com
prise every section of ; the city.
,'. . ADMINISTRATOR'S SALE. - . ;-'
Ihe administrator of the estate of the late Andy Anderson'
has placed his 80 acre farm 1 miles Southwest of town;
5 acres in cultivation more can be, nice young orchard,
berries, 9 acres in meadow,; large flowing spring, barn,
; chicken house; fenced; considerable wood on the tract This
place must be sold, come in and examine the terms and
.conditions. . .
ISO ACRES NORTH SUMMERVILLE.' "
16 acres in cultivation, 50 acres more can easily be cleared;
" the land has been, slashed for over six years; much more "
can be placed under cultivation; house, barn, chicken
house, cellar, spring. Price $2,750.00 and reasonable terms
" will be 'considered. '
" FARM NEAR ELGIN.
172 acres two miles north of Elgin. Abuot 60 acres un
der cultivation; all but 30 can be cultivated. House, large
barn and out buildings. Creek runs through place. The
price includes 5 milch cows, two heifers, two calves, three
horses, wagon, harness, plows, one-half of crop of 20 acres
: of oats, and 2G acres of hay crop and one-third of 12
acres of potatoes. Price $8,000.00. Terms, $2,000 cash,
balance $500 per annum. Here is an opportunity, to step
- into a good thing, the owner made a mistake.- he never
had any business with it, he is not a farmer and be wants
to dispose of it. It will bear investigation. ,
80 ACRES ON SANDRIDGE.
Choice tract between Alicel and Elgin at $100 per aere. No
better land in the county in this vicinity. ' . ,
ONE OF THE VERY BEST. . v
. Laage 280 acre farm in Cove, one of the very best improved '
farms in the county, water rights. 10 acres in cherries that
netted $1,300 this year. An all around dairy, 'stock and
grain farm. - The price is $23,000.00 with terms; to see this
farm is an incentive to become the owner. It has always
been a money maker and made a fortune for the owner.
so Acres in ladd canyon.
Nearly all in alfalfa; good improvements. Choice location,
ready market for everything produced. Two milk wag
.. ons call daily for either fresh milk, cream; close to Hot
' Lake and several saw mills. A desirable home.
20 ACRES NEAR CITY.
Here is a snap for sotae live wire, well improved;' 7 acres in
orchard mostly cherries; $800 of truck will be marketed
from this farm this season, much of it is now growing.
' Call and let me show what the place is doing, not what :jt
has done.
The price is $4,500.00 and it is worth H. Yon will say so too
if you are in the market for this. size, place.
IF YOU WANT FARMS iu
.: I have a large list of farms in various parts of the country
. that are priced right and if interested call and I will be
pleased to give you minute details and conduct you over
them. You canot afford to purchase until you look over ray
list. ' . r-.;;---; : : r:-r'
CITY PROPERTY. " "'
La Grande is some town, a real live one; a purchaser can al
ways let go if he desires a change. This is demonstrated
every day. I have sold 14 homes, since July 1st, and have
several customes who are just waiting to find something
that just exactly suits them.
I have several homes in South La Grande that are close to
Fourth street that has just been paved and will increase
values in that section of the city. South La Grande is one
of the most pleasant residence' sections of our city in which
to live. Prices are very low compared to what they will be
two years hence. Remember this last statement. ) ;;.
VERY EASY TERMS. ..
' I have property in every section of the city that I can offer as
low at $100 down and small monthly payments on the bal
: ance. There are many who are paying $25 and more each
month for rent that should investigate my listings.
jGeo. H. Currey j
108 ELM
STREET
He Who Sells
REAL ESTATE
La Grande
. .Oregon ,
druggists make their own but il'a us
ually too sticky,, so' insist-, upon get
ting Wyeth's", which can be depended
upon to restore natural color and beau
ty to the hair and is the best remedy
for dandruff, dry, feverish, itchy scalp
and to stop falling hair, v . i
Folks like "Wyeth's Sage and, Sul
phur" because no one can possibly tell
that you darkened your hair, as it does
it so naturally and evenly, says well '
a - . . ,J .A "
Known uown-town : aruggisi. . iou.
dampen a sponge jar soft brush and
draw it throngh your hair, taking one
small strand at a time. This requires
but a few moments,, by morning' the
gray hah disappears and after anoth
er application or two is restored to its
natural color and , Ictoks , even more
beautiful and glossy than ever. ,New
lin Drug Co. j V.v'-y 't '' t f-
ID
(Continued 'from "Page Two.)
er, borrowers and in a rural commun
ity this check is extremely effective.
Also, profits 'are either prohibited, or
so strictly limited that there is no
incentive to speculation as a means' to
swell the income of a society. The of
ficers of the society are so chosen that
one set or board keeps check on the
other. The liability of all officers in
sures their watchfulness. The gener
al" management" of the affairs of the
society are left in the hands of the
nnn.rnl .ae.mkltf ff '0 1 1 mttmhAH !
No 'matter what stock membership
a member may have he is entitled to
only one vote. His stock ownership
is generally limited to a small -amount
In this way these societies are insured
a conservative management and main
tain a surveillance over all loans made
to members far closer than that main
tained by the average commercial
bank. ;. . ::, .... .
All such local societies within a cer
tain territory are combined to form a
central society. A central bank is es
tablished which has, first, a small cash
capital subscribed by the local socie
ties', end secondly, the collective lia
bility of its constituent banks as capi
tal. These central banks reoeive as
deposits the surplus funds of, local
societies and loan them in' turn to
other local societies. In other words
they equalize supply and demand be
tween the local banks. They are hard-
1.. 4.1..- inatitiitinna Thttir
ly IJiUiC man ..... w. v w. - - --
management is undertaken through of
ficers cnosen Dy ine locai bucibhco
through a representative system.
The main central banks act as equal
izers for the central banks above -mentioned.
The effect of this pyramid
ing of the societies is to concentrate
all of the borrowing and investing for
a system in one big institution. The
deposits, of course, are taken in by
the local societies and as the societies
develop these form the bulk of the
system's resources. In Germany, such
deposits have at times formed over
90 per cent of all the funds required
for loans by-an entire system. -
Mortgage Credit. '
The worst feature of the farm mort
gage in this country is in its individ
ual character. . . v
The second and perhaps the great
est, disadvantage in the limited time
for which a farmer may borrow mon
ey -on a mortgage and the fact that he
is required to pay back in a lump sum
the entire principal of the loan at the
end of that short time or else contract
a new mortgage that is, secure a re
newal An individual lender cannot be
expected to place his money in a non
liquid investment for more than about
five years. He may grant a renewal
of the loan but he must reserve the
privilege of calling in the loan at the
end of that time and may increase the
interest It will require the farmer,
who has invested the money secured
from the mortgage in farm improve
ments, far more than those five years
to realize the entire princioal.
These disadvantages will rest upon
the farmer so long as he is obliged to
sell his mortgage direct to the investor
in other words, so long as it is an in
dividual transaction. In Europe a
remedy 'for these disadvantages has
been discovered which does not involve
the government, except in its proper
role as a controlling influence, and
which does not jeopardizes the safety
of banks of deposit.
The effect of the European system
is to break all connection between the
. 1 1.- 'mwtrraowA. An
Institution is established which ap
praises the land or iarmers uesmns
mortgage loans. The loans are grant
ed by such institution which retains
the mortgage. Then mortgage bonds
secured bv the tlortagages, but as the
direct obligation of the institutions,
are issued. No one bond is secured
by one mortgage, but each bond is a
lien against all of the mortgages. Thus
the investor in place ob buying paper
secured by one farm and having to
farm that is.
buys a bond secured first by a pool
of mortgages ana secunuiy uy
oritzation fund created by small pay
ments made as the interest is paid.
They areNssued paynhle to bearer;
ore pcnerflllv Vi . U.c i"
and so form a liquid asset. With these
features the bonds sell at far lower
interest rates than individual mort
gages. The farmers are charged a
rate sufficiently above the rate paid
on the bonds' to clear a margin for
the institution to pay expenses, build
up reserves, or for other purposes as
desired ' But the expenses of opera
tion of such companies are small in
comparison with the volume of busi
ness done that this margin of profit
may be taken by the institutioa and
still the money can be loaned to farm
ers much cheaper than they can secure
it for themselves. This is the first
advantage brought by -such institu
tionscheaper interest rates.
These mortgage bonds run for an in
definite period. . Each yar the farm
ers are required to pay, besides the
interest, a certain percentage towards
reducing the principal of loan. This
money is used by the ' institution to
buy up bonds from the market. Thus
if an institution issues , $100,000 of
bonds and loans that amount on mort-
f rages, the mortgages each yearthe
nstitution $5,000 to reduce the princi
pal of their loanB. This money, is used
to buy up bonds. In 20 years the. en
tire issue of bonds would be bought
up. It is in this way that all Euro
pean mortgage loans "are paid up.
Sometimes mortgages run for fifty or
seventy-five years. The bonds are re
tired by lot, the company generally re
serving the privilege to buy them in
at par or at a slight premium. Also
the payments of the mortgagors now
are generally the same each year, a
larger portion of the sum going to
ward principal and a smaller towards
interest as the principal is gradually
reduced. For instance, it is figured
that a farmer having a loan at 4.3 per
cent and paying each year , 6 56 per
cent would wipe out his loan in 25
years. This practice called amortiza
tion is of the greatest value to farm
ers for it makes their payments on
principal consistent with their income
from' money expended e.i agricultural
improvements. So long as the farm
er meets . these annual payments the
mortgage will not be foreclosed. Also,
the interest rate can never be raised
during the life of the loan.
Thus we see that such' a system re
duces interest rates, . makes the de
mands upon the farmer consistent wi A
his income, eliminates commissions.
protects him from ' foreclosure and
from an advance in interest rates. It
changes a mortgage from a .burden
some debt to an advantageous form
of credit an investment.
' Business Co-operation.
Every farmer must be a business
man as well as a producer. His suc
cess depends almost as much upon his
efficiency as a buyer and seller as up
on his efficiency, as a producer. It
is in this capacity that the farmer
touches the highly organized commer
cial world and. it is in this contact
that he has suffered most. Clinging
to his individualism the farmer has at
tempted to stand against the organiz
ed forces of commerce. . In the few in
stances in which farmers have organ
ized, notably among the fruit growers
of the Pacific coast, and the dairy
farmers of the northwest, they have
demonstrated the increased strength
attainable through co-operation. The
beginning of oreanization along these
lines has already been made in this
country and the task . is simply to
spread the doctrine broadcast, and to
lend assistance in the preliminary
work of organization. The reason that
farmers have not more generally or
ganized along these lines in the Unit
ed States is that our farmers possess
a more intractable individualism than
do the farmers of European countries
fnd that in many sections they lack
the essential foundation for such or
ganizationscredit The advantage
of a co-operative credit system would
be two fold, first, it would prompt the
farmers to co-operate, and, secondly,
it would afford them credit to make
possible the organization of buying
and selling co-operative societies. I
believe that when the farmers come to
realize the sacrifice they are making
to cling to the hollow' shell of an old
fashioned individualism, which ' has
been cast aside long ago by the urban
industrial classes, they will accept this
new doctrine. . , The task now is to af
ford them a credit system or plan and
with that at their command the other
forms of co-operation would f ojlow
from the sheer force of their economic
advantage.
Although the co-operative purchas
(nc societies of many European rural
societies are organized separately from
me creau societies, me co-operauun
between the two is very close. In fact,
the purchasing societies generally de
nond uoon the credit societies for
their very existence. The principle of
the co-operative purchasing societies is
simply wholesale purchasing. Needs
sre. estimated and contracts made for
the wants of a community for a year
or perhaps longer. .Order of individu
als are then collected and forwarded
through the societies to merchants or
manufacturers. Some sorts of goods
are bought outright and stored by the
societies. The greatest benefit from
such practice is only to be secured
through the centralization of a system
ef co-operative societies in which case
the purchases are made 1 upon a suffi
ciently lare scale to materially affect
prices. This centralization can be
very easily affected through the cen
tral societies organized by the credit
societies. In the purchase of manures
pnd fertilizers the co-operative pur
chase ofing societies render a great
pvice to farmers by demanding that
all goods nurchased conform to a spe
cial chemical analysis and they buy
dirct nt. whl'Tlft pr'".
j. Classified ' .Drectofy
FRATERNAL ORDERS.
A. F. & A. M. La Grande Lodge No.
41, A. F. & A. M. holds reguUr
Koettogs first and third Saturdays
1 ' :30 p. m. Cordial welcome to
' U Masons. - -
GEO. E. COCHRAN. W. M.
A. C. WILLIAMS, Sec.
B. PTO. E La Grande Lodge No 133
meets each Thursday evening at 8
- o'clock in Elk's club, corner of, De
pot street and Washington avonue.
Visiting brothers cordially invited
to attend. '
L. F. DUNN, E. R. -.
H. E. COOUDGE. Rec. Sue -
WOODMEN OF THE WOR..D U
Grande Lodge No. 169 W O. W.
. meets every, first and thM Fridays
t I. O. O. F. haU. All visiting
members welcome.
W. W. BERRY, C. C.
3. H. KEENEY, Clerk
MODERN i WOODMEN OF AMER
ICA La Grande Camp No. 7703
' meets on the first and third Thurs
day evenings of each month in, the
K. of P. hall. Visiting neighbors
welcome. ,
A. W. NELSON. V. C.
W. F. LANDRUM, Clerk.
PHYSICIANS AND SURGEON8
A. L. RICHARDSON, M. D. ,
J. W. LOUGHLIN, M. D.
Drs. Richardson A ' Loughlisi
Physicians and' surgeons. Phones
Office, Black 1362. Dr. Richard
son's ras. Main 55. Dr.' Loughlin'a
res Main 767.
DR. R. E. L. HOLT Physician and
surgeon; successor to Dr, N. Moli-
' tor; corner Adams avenue and Do
pot St Phones OIHco Main 68; j
Residence, Main 730. ' , -S . j
DR. M. K. HALL Physician and sur-
- geon New . Foley -building, third
floor. Phono Main 63. - - r
C. H. UPTON, Ph. G. M. D. Physi
cian and surgeon. Special attention
' to eye, ear,- nose and throat. Of-
fice in La Grande National Bank
Building. Phonos: Office Main 2;
' residence, Main 82.
DR. H. L. UNDERWOOD Physician
and surgeon. Diseases of the eye
a specialty. .
ROYAL NEIGHBORS Meets every
second and fourth Fridays every
month. All visiting members cor
dially invited.
CORA FITZGERALD, Oracle.
LILLY C. KIMMLE. Recorder.
REBEKAHS Crystal Lodge No. CO
meets every Tuesday evening in th
I. O. O. F. hall. All visiting mem
bers are invited to attend.
ZELLA ROBERTSON, N. G., '
EVA MONROE, Sec.
L. O. 0. M. La Grande Lodge No.
850, Loyal Order of Moose holds
regular meetings, first and third
Monday nights, at I. O. O. F. hall.
Visitors always welcome.
. P. A. FOLEY, D. r
C. H. SCRANTON, Sec.
KNIGHTS OF PYTHIAS Red Cross
Lodge No. 27 meets every Monday
night in Castle hall, (Old Elks' hall)
A Pythian welcome to all yisiting
Knights. -
H. P. OLIVER, C. C.
R. L. LINCOLN, K. of R. & S.
0. E. S. Hope Chapter No. 13, O. E.
S.. holds stated communications the
second and fourth Wednesdays of
each month. Visiting members cor
dially invited. '
MISS CYNTHIA STEIN, W. M.
MARY A. WARNICK, Sec.
F. O. E. La Grande Aerie No. 259
meets 1st and 3rd Friday evenings at
8 o'clock, at the K. of P. hall. Vis
- itlng members cordially welcomed.
HARRY W. SWART, W. P.
L. F. BELLINGER, Sec. ...
WOMEN OF WOODCRAFT CIRCLE
NO. 47 Meet second and fourth
: Tuesday nights of each month at
K. of P. hall. All visiting neigh-
bors welcome.
LENA HEAD, G. N.
' LILLIE ALLSTOTT, Clerk.
BR. DORA J. UNDERWOOD Dis
, eases of women and children. Of
fices Adams avenue, over Rod
' Cross Drug Store, . v
"""""""""" i ii j i r" r si ti ar
OSTEOPATHS.
GEO. W. ZIMMERMAN Osteopath
physician. Over Lilly's hardware
store. Phone Main 63. Successor
to Dr. F. E, Moor. " :
VETERINARY.
DR. P. A. CHARLTON Veterinary
surgeon. County stock inspector.
Office at Hill's drug store, La
Grande. Residence phone, Red 701;
office phone, Black 136t. ".'
CHIROPRACTORS.
G. T. DARLAND CHIROPRACTIC
, PARLORS No. 4, Depot St., ad
joining Oregon hotels Phone Rod
1751. " '
DENTISTS.
ATTORNEYS AT LAW.
H. E. DIXON, LAWYER -All StaU
and ' Federal Courts. Collections.
- Rooms 4 and 6, La Grande Nation
al Bank Building.' "'.'"
'COCHRAN & EBERHAHD Goo. T.
Cochran and Colon R. Eberhard,
Attorneys. La. Grande National
Bank BIdg., La Grande, Oregon ?
T. H. CRAWFORD; ROBT. S. EAKTN .
CRAWFORD EAKIN Attor.
: neys at law. Practice in all the
courts of the state and United
States. Office in La Grande Na
tional Bank Building, La Grvde,
Oregon. ' ,
R. J. GREEN Attorney-at-Law.
Rooms 9-10, Sommer BIdg.', Ls)
. Grande, Ore. Practices in all sta
and federal courts. . . ., v,
MISCELLANEOUS.
E. C. THATCHER, Painting and Deco-
rating. Phone Red 1222. Estimate' '
freely -given.
co-operative' sales societies would de
pend unon the sort of produce to be
sold. Types of co-operative dairies
and co-operative fruit selling soci
eties already exist in this country. The
formation of such societies is purely
a question of securing the most etti
cient business, management.
However, ii requires credit to fin
ance such societies. Where farmers
are buying in the spring on credit
from merchants and are selling the
minute their crop is harvested, in or
der to realize cash, they cannot. oper
ate such societies without a species,
of organization by which their collect-'-ive
credit can be utilized. This condi
tion prevails quite generally in the
south. In other sections the farmers
have been able to finance such socie-.
Retail Department Phone Main 8
For LumberLath
Shingles. Sash and D oors
1 Ruberoid Roofing .
GEORGE PALMER LUMBER ro