La Grande evening observer., May 03, 1916, Image 4

WEDNESDAY MjAY 3, 191&-
LA GRANDE EVENING OBSERVER !r
t AGE FOUR
THE OBSERVER !
BRUCE DENNIS. Editor and Owner,
Entered in the Postofflce at La
Grande, Oregon, as second class
matter.
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Address all communications to THE
. OBSERVER, 1710 Sixth Street.
WHERE THE GOLD IS.
That the United States will con
tinue to be the center of gravity of
the world's gold and silver supply is
easily manifested by a study of the
conditions.
This continent Is producing gold
and Bilver in large quantities, in ad
dition to the gravitation here of Eu
rope's gold. The total mined gold of
the past centuries, together with the
looted treasure of the orient and of
Mexico and Peru, is placed by the
Journal of the American Bankers' as
sociation at , $30,000,000,000. But
$20,000,000,000 of this has utterly
disappeared from the coinage of the
nations, probably $10,000,000,000 of it
going into the arts.
An increasingly large amount of
the gold supply is going into the arts
in the United States. The "riches of
the orient" have been dissipated.
Europe remained the treasure house
of gold up to the outbreak of the war,
but paper money has supplanted gold
to such a degree, and such large
quantities of gold have been shipped
to New York to meet exchange needs,
THE OLD
Absolutely Puro
tJo Alum--No
ARE YOU A DADDY?
YOU LOVE YOUR FAMILY. PERHAPS YOU WASTE A LOT
OF MONEY IN DRIBS AND DRABS" THAT IF PUT INTO THE
BANK NOW WOULD GROW TO A BIG SUM.
IF IYOU LIVE "YOU" !CAN ENJOY YOUR MONEY, IF YOU
DON'T IT WILL PROTECT YOUR CRILDREN,
YOU ARE SETTING YOUR BOYS A GOOD EXAMPLE
WHEN YOU PUT MONEY IN THE BANK.
BA,NKWrTH.S
WE PAY PER CENT INTEREST
La Grande National Bank
LA GRANDE, OREGON
Capital f200.000.00, Surploi IW.COO.00. Resources $1,000,000.00
Fred J. Holmes, President; C C Penington, Vice President; P. L.
Meyer, Cashier; E, Zaadd and H. E. Coolidg. Assistant Cashiers..
.';.' !; DIKECTOE3
Fred J. Holmes, 3. G. SoodrM, 3. P. Canity, C. C Peningtoa, K.Y
S. Brvwotoa, F. L Meyvra, A. Bloalaad, A. T. HIL H. E. OooUdf.
that Europe will henceforth use paper
money for the most part. . . .
Un 1820 the money of Europe con
sisted of $345,000,000 in gold and sil
ver, and $115,000,000 in paper, the
paper forming twenty-five per cent of
the whole. In 1896 the money con
sisted of $3,000,000,000 in gold and sil
ver, and $3,720,000,000 in paper, the
paper forming fifty-five per cent of
the whole.
And today, with the enormous is
sues of war paper, the gold constitutes
a small percentage of the money in
use in Europe. But while the United
StateB has acquired the bulk of the
world's gold, and a large portion of
the world's silver, the circulation of
gold has not increased. No one sees
more gold on the market place on this
account. '
As a result the American bankers
will have a problem in what to do
with the gold. It will doubtless re
main in the vaults. Paper is the best
coinage. Gold or silver are barbaric
mediums of exchange. The faith and
credit of the government are as good
as the gold.
If the European nations depended
today upon their supply of gold where
would they be ? They rightly depend
instead upon thisir confidence in the
capacity of their soil to redeem their
promise to pay.
GOVERNMENT NITROGEN PLANT.
If the government builds a nitrate
plant, a proposal to which- the senate
has declared itself favorable, it will
undertake a project that may cast
light in several directions.
In looking for the cheapest way of
fxtracting nitrogen from the air, it
will have to take up in serious, prob
ably experimental fashion, the use of
waterpowers, and it will thus -secure,
valuable information on a question
which it has been trying for year's to
solve the proper terms on which
private companies should be allowed
to' acquire watcrpower rights. .
It will go into the manufacture of
powder for itself, taking this very .im-
RELIABLE
Phospha re
T i 0
contractors, and preserving .the se-j
crets of new processed likely to be 1
discovered.- v '
Tka nitrnfrmi not used for powder
will go into the making of fertilizers.
Probably a close co-operation wiui tne
department of agriculture will be set j
up, so that the farmers of the United
States -will be made acquainted m a ,
short time with the large fund of
i-nnivl.r1iro ren-nrdintr the importance I
of nitrogen which German farmers j
have poBsed and used prolitawy tor ;
muny years. I
This is a war measure which is
unique in that it is of value to the i
country In time of peace also.
A Chicairo laborer feared that he
would be obliged to pay personal
taxes on his six children. He placed
tiieir value as greater than that of all
th wealth in Chicago and he earns
$1.60 a day, so, naturally, he was !
anxious. . j
' A scientist has been laboring for j
live years to teach an ape to talk. He j
has given up, having decided that the j
' beast would have very little of inter-1
est to say, anyway. I
! Villa seems to look upon it as a
family secret as to whether he is dead
, or alive, and if alive where he is ,
i spending his time. ' ' , j
! Women soldiers in New York have 1
voted to drill in trousers. This is go- j
ing to drive many inen from the pa-1
cifist ranks into the war party, we
fear. ,
' A Pennsylvania man who wanted a
drink took possession of a locomotive
and ran it a mile to the nearest sa
loon. Now he has bars all around him.
BIDS WANTED
For School Building, North Powder,
Oregon - .
Proposals are invited for the con
struction of a school building. Same
is of masonry construction, two
stories and basement, about 76 xl08
feet ground area.
Proposals for (1) general contract,
(2) stsam heating and ventilating,
(:) plumbing.
Certified check in the sum of for
No. 1, $500; No. 2, $150; and No. 3,
$50.
Bids received at the store of L. B.
Russell, Clerk of the School Board,
North Powder, up and until noon of
Thursday, May 11, 1916.
Plans can be secured of Tourtel
lotte & Hummel, Architects, Roth
child iBldg., Portland, Oregon, or the
clerk of board at North Powder, on
deposit of a check of $10 to guaran
tea prompt return of plans.
Board reserves the right to accept
any bid or reject all bids.
SCHOOL BOARD.
CHAS. JACOBSON, Chairman.
L. B. RUSSELL, Clerk. 5-3-6t
Methodists at Baker.
Baker, May 3. A two days' session
of the La Grande district M. E. con
ference opens to day at the Methodist
church in this city undor the direction
of Rev. W. A. Winters, district super
intended. It is expected that the 30
churches in the district will all be rep-
MONEY at 7
I La Grande
i' . . , . .. . ,. ' .. , . ' . V',.
I a, ' i- ' : ' - - - - . ' r -,5 . , ' i vV - . f .,-'.
I .... '.r . i.- !!' r, , .:.-..r- .s. ' ' ''
Spring
Our New Spring and Summer Stocks are Most Com
plete See the Window Displays of the .? : w
Many Attractive Values.
$8$
ill viA.711
Exclusive Agents
gap at the crotch. Men's Union Suits here in all styles and weights, ua -iwi'y
Short sleeves, long sleeves, knee length, or ankle length, in cotton JMRiipli-?i1tt m
balbnggan and mercerized lisle;
mercerized silk, or pure silk.
Mn's Athletic Or B. V. D. Style
Men's Chalmers Genuine Porosknit Union Suits .$1.00 i
Cooper's Light Weight Union Suits, knit of fine Egyptian Cotton, ,1
priced (.$1.00, $1.25, $1.50
Boys' Union Suits, priced ...50c
wsented by the pastors and lay dele
gates and Rev. C. E. Helman is as
sured a large attendance. Plans for
EOAN
No Delays
No Outside Appraisers
No Outside Auditors
Money in any Amounts Ready
as Soon as Title is Perfected
Exclusive
i 1 1
For Women
r . Munsingwear Union Suits for Women are so fine in Quality as
to satisfy the most particular women, so perfect in fit as to be abso
lutely comfortable, and so moderate in price none be without them.
The fit won't wash out.
Women's Union Suite in all styles low neck, V-neck, Dutch meek,
wing sleeves, no sleeves, elbow sleeves, knee length, lace kne, ankle
length.
Women's Munsing Union Suits, priced ...50c
Women's Cotton Knit Union Suits, tight or lace knee 25c
Women's Fine Mercerized Union Suits 75c, $1.25, $1-50
Women's Summer Vests, all styles 10c. 121c 15c, 20c, 25c, 35c, 50c
For Men
athletic, or b. v. U. styles m nainsook,
j
Union Suits 50c, $1.00, $1.50, $2.50, $5.00 1
the entertainment of the delegates
have been made and the programs of
the two days promise to be highly in
and 8 Per
Investment
Agents?
MM V
coo,.. lylS'
liNDCWKAK CO te-
teresting. Special music by the choir
under the direction of Mrs. C T. God
win will be a feature.
Cent