La Grande evening observer. (La Grande, Or.) 1904-1959, May 07, 1921, Image 9

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La Grande evening observer., May 07, 1921, Image 9

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Newspaper Page TextFRIDAY, MAY $192P"' LA GRANDE EVENING OBSERVER PACE THREE 0 1-T .if k mi Ml liii A I .if ,8,.... ft . . . a. .!jeet to ptesen'-.elsiiii.rT-.wllPAe 1? .i. .. I uiitci - orvgation upon me iaii.t. ra , The ejterest on the ffimiftnt devoTt!to loans will be repaid Bm j l parKByearly by the borrowers, l"H l I In.ma anil .,ah tillll,-i. erred to i corporailon or lions excm-,1. iU.uuoft.O. in whlrh '",liy ".g "ol entitled) vei-j;fthe InrWest p ment will ko etan's loan or Dontue-eiless 0 (per il,lu "le funi' B"n tlie geuer.l centof the loanJs&r has been paid sl,aer ,wi "y. the bond in If 40 ner c.m V, h.9. .....J ., . J eret and sinking fund uftiil eueh "mo II U V SHI U llllll Iha .... .ja Ionian very cl.rly toes Ti,i the ' i 9 , . - -"'0 wi lawi nuii.-ii i'iiiiih ih nr.. ,.' rfle of the Mum- for .ote at the a ' rlul election on Jane 7. 3 fo quote from the Orojjontii j -In the jecia election aln June jy paramount issue of se will wllrfi soldiers' bonus Tict. The pro tons ot tins act have been oiit- ! heretofore In tfio pnrtlculnr i to what It would do for ijia ser- e men. Briefly, It fft.rs the np- .,m or n rami payment of $15 flnth far each iimnth of service Vn tho declaration of war to Nov. a-,' T; .)!!), or a loan of not ,rc than $3000 at lonpr time at r cent interest secured by real toperty owned by the service, man. fhat adoption of the law will mean ; S the general public is obviously matter of fair Inquiry and Hint Is le purpose of this article. There are several coiitinficncies ihieh will effect the cost to the late. Effort to make even an np roxiinale calculation of real valuf well-nigh hopeless, so only the . ossfbillties can be given. "The law as regards cash pr.y lents, Is almost identical with the Vashington law, under which bo uses are now being paid. The chief Mfferencc Is that the Oregon law rants no bonus to men for the first ixty days of service. The Wnsh ngton law has no service minimum. The rate of payment Is otherwise the ,mme. The Washington law has no iltnrnntlve loan provision. All the iervic men receive casb "The Initial bond Issue provided by the Washington law was for $11,- u iiii-, then be continued to rti purchaser, ..but at 6 per cent, fil tered. .Thus 'the Soldier wh has a loan and. ft compelled o sell niav have lo find a (purchaser who can pay for bis equity and also pro vide a substantial payment' on the (oau. The effect will be lo restrict the market of tbe service man who is compelled to sell. The same, pro vision applies to his executor iu case of his djtuth. But the loan provision has cer tain 'offsetting attractions. For ex ample, If a service man owns a lot worth $1000 he can borrow $3000 to build a house on It. The money! be advanced from lime to time to pny for labor and Materials, for this loan he need pay no mure than per cent annually. 4 iper cent of which" is interest and 2 per ceni applies on the principal. There will be an initial esiiense paid by the1 applicant of not to exceed $25 for. appraisers' and attorneys' fues. Slm-i ilur provisions are made for farm j improvements. In -short, the ser-j vice man who has a stake of gludoj or more in land, can borrow i to . Improve It at a cost to him o ; $180 a year or $15 a month. j uut aside rrom attractions that may affect the number of loans as a mutter of option, there Is a con tingency named in the bill which makes speculation as to its results still more hazardous. It' congress adopts bonus legislation before Hie special Oregon election Is held time as satisfied. all luau " If the applications ure Iikui feature is eienyly popular, sfftte bonds iu the eniire sum of $30,000,001) will be required utid the issue will liuve to' be carried for n time by gen eral taxation. The bill iprovijles for an nnnuul tax levy of one mill. A tax of one mili rproduces $1:010.. OlMl. .f the amendment and bill are approved tnis tax will be levied so Ions os it is necessary or tint insufficient ui.d until it is changed by the legis lature or vote of tbe iieople. fi Is not sufficient to pay Interest of per cent on $30,000,000 or even In terest nt 4 per cent. Tbe Wonderful .Babylon. -. Babylon, when built el:y uf by Xehuchailneiiar, formed one of the greatest and mo--t inaifniAcent the world has ever Aen. Ancient ils torhins inn mid no vAriW to describe the grandeur of the palaces, the splendid edifices, large tardens and pleasure round, especially the hnug. mg ssnlpus, a sort of lofty terraced structure supporting earth enough to frftw lna i Dittar- Example. - 1'reacherjT accorillug to reliable v tlstlcs, live much longer than other men. fc'hich d(inviistratest theory tbiat most men eat too often and too much. Lexlngtou I.uder. ' Japanese Sleeping Arrangements.' Tbe Japanese bed, consisting mere ly of a few thick comforters' and u. pillow, can easily Jie uiude' up In any room. It la considered a mark of hos pitality to make tbe guest's bill In the purler ami put the room at hi dls ruisnl. ' PERMANENT AS THE PYRAMIDS La Grande Concrete Pipe Co. SEWERIPE , ! IRRIGATIONSPIPI GRAVITY WATiCRBYSTEMS Factory at Island City. Postoffice Box 791 Europe Short ' of Bottles.O There is n si'iirclty of bottles In Eu rope wltli the result that the ileuuiiid for second-hand bottles Is uelirece-dt-nted. la tO- pre-war days the empty "bublily" bottle wns a drug on the luaA'o'. 10c rag-aml-bone incr ctitinto would give small- sft.isr fiw wlilsifl;-, ftirt, sherry, burgnnrty and clatet bottles, but the champagne 'bof tie wiis on tlu'jilavlt list.- Toigy It l the king the eiuptv bottle iraUc? . Just a Week end Trip. Minneapolis workmen claim to have discovered some ancient lmun isilnft while iflgging In, the street. Iiut( whSi's the answeH That Julius Cnesiir ence .conquered Minnesotu. but forgot lo mcntliyi H in the i:oinuioiitai'lci.'f Cleveland l'laln' lK'uIci'. 000.000. A dVspatch published the those who acce.pt the federal bonus other day stated that It was appar- li Is provided, shall not be entitled ent that this sum was Inadequate to to cash bonus rrom tbe state. The pay all claims butan estimate of law says specifically "cash, bonus." tho total requirement was not given. Oregon 'pontrlhntcd almost ex actly two-thirds as many men as the i state of Washington. It would i Boom, therefore, that except for de- ;! duV'tlons due to the mi'iiiinum ser- t Vice provisions of the Oregon lavy, the cost In this' state would be Iwo- thirds thnt of Washington, assuming ? thnt all eligible men nvaiiled them- I selves of the cash bonus privilege 5 and not accepted the loan option. . If the Washington cost should be i $12,000,000 the Oregon cast would be nearly $8,000,000, for there Is probably no material difference (n thn average service period. But this I figure Is only illustrative. It is !i siipppsed that many Oregon service , ...!. i. t.....nn.i r lean. Jllfll nulllll L.IIXtT IMtlllB IIIBlftlll Ul "I cash. "If many Oregon men should I avail themselves of tho loan pro. ' j vision the state bonds tissued .tb pro I vide the money would be greater than -otherwise probably much 4 greater than Washington's. But to ? carry out that feature of the bill, tho state would be borrowing mon ey to lend again. It might have to pay more than '4 per cent on Its own j bonds and It would' only collect 4 per cent 'interest from the borrower. The principal would ultimately he repaid by the Individual horrower and the state would be out the dif ference between the Interest It had to pay and the Interest It received. Seemingly all will be entitled lo : loans, even though Ihey recuive the cash bonus from the government. As all would then be entitled to loans, but not to cusli, as many would apply for loans as had the ! security and could make use of j the money. Still another fnctor which affects estimates as to the cost of the measure is that which gives the service man only one year in which to apply fop a cash bonus, but fixes no lime limit on application lor loan. It would alppear that so long us the law remains in force the service man who had .not availed himself of Its benefits would con tinue to be eligible to apply for a To recapitulate: The amendment authorizes a maximum issuance of bonds to provide tor cash payments and loans vln the amount of $3flr 000,000. The proportion paid out for cash bonus an amount not sub- PB SCRIPTIONS WE FILL ANY TJOCTOR'S PRESCRIPTION - PUTMANVQRUG STORE "The Rexall Store" Carr'sCarir Where Your Creait Is Good Useltu COMPLETE HOME FURNISHER MAKE THE OREGON YOUR HOTEL . WHEN IM POKTIAND Now For TJie Lawns And Home Gardeo ; A pretty hiivft ami a d h Jine gai'tUgi are an indication ofiride nirrl',Xlifit't- Ve have everything you'll need in tools, such as lawn fjiowqrs, gaitlenhose, sprinklers, hot's, riiKeSiBtc, antfour prices are rigiu . . KfiilP OUT THE FLIIOK , Our stocluof screen Huors and scYeen windows is ready-, , suiKtnntiiHjy made NIJW STOCK I'lKU CAGES READY F. L. LULLYVl ARDWARE A CLAJSS1FIKD AD WILL DO IT. opuar Spaclousbby At th Center til Mliintf. 1 . Evei Rroadway We suggest yon write, phone or wire for reservations. ARTHUR H. MKYERS, ' Manager. , , f i - You don't have to worry . about the APRIL SHOWKRS If you are dressed in one of our - , ALL WOOL SUITS iney won t snrinK tno lusn quality Makes them Linger Long'. Correct, Jlressy and FIRST of all le to Last but be ' ready for Jt , ' Priil pel Our Customers TheWa IX 1 i A ra '3 WOODW. BERRY J' Dry Cleaning a Specialty robe I fl.:J I "The companion constitutional , amendment authorizes a bonded in- debtedness for bonus and loan pur-j pesos up to 3 per cent of the asses-j sed valuation.- In round numbers.; the Indebtedness thus authorized Is $30,000,000. The state of Oregon; contributed more, than 35.000 men to the. service. So ft follows that if 10,000 of them applied for the max' lmum loan the sum available would i be exhausted. ' iie affirmative ar-' gumeiiU- prepared for the state pam phlet, estimates Hhat rit niproahftii' 30,000 will apply for the cash bonus That leaves 25.000 service men lo be accounted for. About 5000 will be virtually Ineligible because they have received benefits tinder the ed ucational aid laws. ' ir 20,000 of thorn applied for $3000 loans there would not be enough money to go around; nor of 15.000 applied for $3,000 each, nor If 15.000 applied for $2000 each after "the cash bo-: nils had been paid lo 10,000. '.'But lit is provided in the bill that If there is not enough inoney In the fun to meet, a loan applications, then principal and Interest payments on loans already Issued shall go In-i to the loan fund to meet these nx-! cess nppllcatf on's. Thus a revolving' fund would be created and the final reimbursement of the state for Hie. loans Jt had made would he Indef initely postponed and tile whole In-j t-'t.tv,irilpn would for the time lie s' lerjij be -erricd by the taxpayer. "The number who wiitl want loans snd the number who will want cash are of rourse purely matters of spec ulation. Hut it is apparent that many will be entitled to loans that will not be entitled to cash. This, situation Ns created by the provision that those who received compensa tion during the wnr In ecess of reit-! ular service , pay nay; receive only tlie'differeijre between the. faali bo nus nd the exces they received hil In the ervlr. If there I tnf such'djfference. Thus the man IR Hie1 spruce division who receiv. 1 civilian pay may find ttiat Ue 5 Hot entitled' to a cash bonus. The. Mil. .evc does not eem to ex clude him trMl th,e jan privilege e o 1 1,1 e For those who have a choice be- ,wee8 efeMl (f31"?' loan- choice ay berfiffecSl H 8 provision Hn Hie bill 'reWllng tn sue'of 1: (Ki whirl) the jiervlce man has -eiv. 4i Joan. The inect $ this fevo- 1 (3 jree jron? clinkers, l- uii ui i fat : hard foheatM )!IIIIIJIIIilllillllll!lllllllllllllllllllllllll!lllillllft -n;-;i.:---:;i'v Are you wise to coal values? Do you know COAL will comfort yoiir home more than tow toil a small profit but we sell lots of it that's where ' coal that's Vhere you get in. There's just one way for a firm to win and chandise at a fair profit that's our sys-tem. We can tell yu a few thirl . samples of our Gentune 1 about Coal.. and tell you why it's the JNG KOAL cVl to but ' . ' TRANSFER a ton of SUPERIOR HARD a. ' inferior coal? We sell coal at foet o(T and you get better h;u's to deliver good, honest mer- . in and let us show you Rome A particular IN THK P Only few AT THE PRESI Many peopl from house THE FUTURII It is going to age of houses IN v tnSrtion or nal. of VST. le realiziv ciseo how d hiso betli be ilV bclft in evy I . t'e TIME Duration, whether 1'usf, I'resent or Future. .8 f that their comforts dspended iarge'y on their home. f to' move their Home comforts iare spoiled by having use they do not own a home. ... : - r - " ' : .' . ' ';. r for many years. On account of tho wonderful- short art of the United States. '- -(" , Have Several Choice' Homes - f i '. v FOR SALE it 11. f "' 1 ' La Grande Investment Company Reliable 'Agents for Reliable Insurance Companies. 11 3 Adams Ave. rr li Phone; flffainc '7!2T i FEED, STORACE, PACKING The J, D.:..LYNeH -CO. T rmT'ini,''''r" (Call For It fir 1 ... 3.15-APR'W; . I THERE'S ONLV 'ONTO WAYfl'O AVOID THIS DRURnEBY fNl)' INCONVENI- EWCE OF THE FAMILY WASHp.U' AND THAT IS TO SEND-.YOUR TWEEK'S WASH INC TO OUR LAUNDRY. .'- TOO EXPENSIVE? "SXT ATALL in fact it's'chea.er tlmn a wnsher-woman would charge you. Then Uunk of the eliminatian t? till worrie and cares Jjours ald- eF to yptir pleasure.) II. w O I7 9 A A a. i.ET OUR MAnIbe'A VEEK9Yet;.Tl.K,R'. t.ET.fS Ji VOULAlJVJ)IlY ' WpRK fOR PIIfJNTeCALIWH.M:?ii'l"S. " J THE . MODERN LAUNDRY ! 2. '-ltiHSB-e).-a . -..e.M.e4.M.a..ifiMe.'it..aaa.MBe9.a.0eWe.-) -8------ of .! i Hi, llli u . IJiluiaiU.lt'.li" t -wl-i'0 ' ( J ... 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