La Grande evening observer., October 17, 1924, Image 7

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Friday, October 17, 1924.
THE LA GRANDE EVENING OBSERVER
PAGE SEVEN
Roger Babson Tells
Of Mortgage Values
BABROX I'ARK. Mass. (Hpccial)
- Hoger W. Buhson today poinltd
out an opportunity for Investors
that in not only safu and profit
able but renders a distinct local
service as well.
"Bunk accounts" aro tlu' kuTi-si or
all Investments. Most honda an
good and many stocks arc fair In
vestments." says .Mr. Hanson.
"People should remember, how
ever that there are other forms of
Investment that are also sood and
In some caws preferable. The
local real estate mortgage- should
Jiot be forgotten. This is especial
ly true In these days when 'the
field furthest away looks th
greenest' to most people. - The.
real est nlo mortgage - under cer
tain circumstances also ha.s addi
tional advantages in the mutt it
of return, margin of safety, and
the effect of th investment on
w local business conditions.
Mortgages lay.
"Just now when call loans are
being made In New York at from
2 to 3 per cent, and commercial
paper is selling In all our law
cities at around 3i per cent., goud
t mortgages are still yielding i; it
cent or belter. 1 say or belter'
iminlty by a ituin of character
udd.i value to every other house
In helping such a man you are
helping yourself and alt the rest
of your neighbor. 1 know of no
other way of Improving business
for the Ioiik swing than by en
couraging am) helping the young
men of vision and character to
get started. Although the busi
ness of the country as shown on
the Itabsonchart Is no 6 Qcr cent,
below normal, this docs not apply
to every cily. Some localities are
doing a normal business, some are
doing better than normal business
because their citizens aro iral.i
taining IiIkIi siandards In their
commercial community.
'l believe that ua a matter, of
uood busiuess and of public net-v
ie; every investor should Invest a I
part of his money at home where !
it will encourage the right type bt !
citizens in. his community." J
ItlCKKMtACKKH IS FIXK1
UoMKBI'ltG. Ore. Captain Kd
die Klckenbacker, American f lying
ace during the war and now aj
well-known racing driver and au- j
tonuibiUt manufacturer, was ar- j
rested last night at Glendale on a
because in rortnln Heel Ions of the warrant issued out of the local jus-
south and west absolutely safe iln court and was fined JGO fori
speeding.
iiiekenti'icker was driving a new
mortgages can br st-cnn d to ylHd
7 and even K per euui. The Knrui
Loan and . the Joint Stock banks
Jiave changed thu farm mortgage
situation somewhat but good loans
at 6 per cent, are still-available on
small hoilses in the cities and in
the country. These huuxes when
occupied by the owner are ustfally
first class security., ..
"In loaning money on mortgages
a very Important factor enters In
to the transaction which Is often
overlooked. l-'or I he want of a
better name we call It tin- 'ethical
factor. The value of any mort
gage depends not only upon the
real property behind It but. also
to a large extent upon the char
acter of the borrower. I do not
know where you will find a bet
ter security for your money than
that offered by a young man of
Christian character who Is bor
rowing to build his own home pro
vided that such a loan is protect
ed by a life insurance policy on
the borrower.-
"A private Inveslor lias a dis
tinct advantage over the bank in
this matter. The bank must bum
more or less mechanically Hay
lie per cent, of tlu valuation
irrespective of the character of
the borrower. Hometimes a bank
will loan too much to a man who
lacks Integrity anil us often the
bank loxes a chanco of loaning to
un honest individual (wi-ntm of
this arbitrary (in per iccnl. limit.
The. banks often fool themselves
by thinking that 'a house is ti
house' whoever the owner. They
forget it Is not the r umber if
people In a city whleh males value
but he character or the' people n
that clly which makes valine An
undesirable citizen moving- .lulu, a
locality actually loweis lh ah(c
eight-cylinder model and was trail
ed stmth of Itoseburg by a traffic
officer, who was unable to catch
the speedy driver. Word was tele
phoned ahead and Klckenbacker
was stopped at Glendale. He went
on Iftto Grants l'ass and telephon
ed back a plea of guilty, and paid
the fino assessed against him.
SAO Added to School Fund.
HAU-'WAY, Ore. The local
high school cleared $50- here last
week In a subscription drive. The
funds are deposited In the school
bank and will he used later In the
construction of a modern gymnas
ium. Last year the school made a
similar amount toward this fund.
The new Kagle Valley high school
under the leadership of 1'rincipal
O. M. Gardener, has installed a
new . department In household
'connmicu us well as motion pic
tures.
Auto and Truck t'olhtle,
H(M HIV Kit, Ore. J. 1 o'.y,
driver of a i'orljiuitl bread wagon,
suffered cuts and bruises when his
truck overturned on the Columbia
Itlver highway wist of here. The
bread t ruck collided with a pas
senger car whose driver, !t was
reported, went to slcen at the
wheel. The. aniall car wn mimwlied
and 1 he iStg t ruck plunged over
an embankment, turning com
pletely over.
.Mill Miller nt IVn.Uetmi.
PKNDLKTON. Ore. I'raLso for
John W. I avls was cxpressttl here
by Milton A. Miller, democratic
nominee for tlm nenate. when he
addressed a crowd-(hut- filled Uui
of . unjoin r.,,i . alau;. Ci.n-, , j
erally a man of good character'
coming InlOJi neighborhood lends!.. .
to increase that value.
Opportunity K.xisls.
"When the combination of a de
sirable proper y and borrower of
gooil character is found a good in
vestment opport ii nil y exists. I'n
der such circuiuslu-ie'vs recom
mend a loan of ni 'iiey for I hi:
building of a home or for a store
that iH to be rsed by the borrower.
I never advise loaning a young
man. an old man, or any other
kind of a man mon y wiMt which
the record of Henator Me-
In voting to sent Senator
Newberry and for his support of
the l-'ordney-Mct'itmber Tariff bill
and the Mellon tax plan.
l'.(bnatt(iu Week to Ik? Observed
AIJIANV, Ore. An extensive
programme has been prepared by
t he A litany school superintendent,
for the observat ion of Kduealion
week In the Albany schools. Kach
day of the week will be fittingly
observed In accordance with t he
programme sent out by the bu-
to speculate, or money to tovuet ; rcim of education of the depart
in a business which he (Jo-s
not
control,
'"In buying local morlrug -s,"
concluded Mr. Habson. "you also
perform an additional service 1 o
your community. The money slays
In your pwn clly Instead of going
to New York or some other fin
ancial center, which I" usually t he
case when slocks and bonds are
purchased. Moreover, every new
house that Is built in your com
ment of the Interior. County
schools will also participate in the
observance of the week.
.Indue Thomas Asslgmtl.
MKlH'oni), Ore. C. M. Thoiu
a, .fudge of the Jackson county
circuit court, has been ordered by
the state supreme court to occupy
thc bench In Multnomah county
the week beginning October 20 and
will leave Sunday for I'ortland.
They Were Good Detectives'
II'' , SA
W EST
Kn.i Cily (Mo.) pnh-e art- fttin." l miylal for Btly McQuimion. It,
ond uhlnv nrtr rollTT-fnr prinrp. her Airnisle pup. Belly and Prlnco
hlrl the pnlic rdii-'h bursur ean .Hhi- nl lh d.jg had ih. hou
(II lo thrmvlvwi h'n a uilvlou loolonj car droif up lo lh pkir
tint door Jfittiv wrotf down the lircnif numbfr. ihtn rnurnfd hom
lnd btean talliinc loudly to Prince. He Marled making lot ol noue, wo,
La Grande's Xmas
WONDERLAND
Saturday, October 18th.
Our liiiscment Store now comprises the entire lower floor, measures 60x100 feet,
and during the Xmas season will be devoted exclusively to the display of toys and
Xmas suggestions. Shelves 8 feet high, 100 feet long showing Dolls only; the floor
crammed with tables loaded with Toys of every description. Come and see the
largest assortment of Toys ever assembled in one store in Eastern Oregon. There
are fascinating Mechanical Steel Trains, Electric drains, Steam Engines, Self-Propelled
Motor Cars, Toy Autos,, Sleds, "Kiddie Kars," Wheel Harrows, Bicycles, Doll
Furniture, Stoves, Carnages. Hundreds more besides these here mentioned. A house
hold of gifts, big and Utile. We invite you to enjoy the delights or Toyland at Carr's.
Do Your Shopping Early Make your selection now Early choice is always best.
uui
IWI II M II . M
riHi'iH rbk
D0LL W$
Beautifully dressed, walks
and talks. 20 inches high.
Regular
$3.50
$2.95
mm m r m m mm, - j - w t,:,.t -mm mv i ft. .m
Saturday SPECIAL Only
Automatic Grab
Bucket
A TOY THAT Will afford vouk hoy
' INFINITE DELIGHT
Automatic in action, all operations controlled by crank
lever. Drum mechanism dumps contents of bucket at de
sired point.' Finished in brilliant colors; made to with
stand hard usage. Size 17x24 inches. Regular $2.00.
$1.25
Educational Iilacklioard
Strongly made with scroll of
different chillis; combined
desk and 00 (lfl
blackboard .J OZiUU
CASS DRUMS
I'n breakable, water proof
can be tuned like regular
high priced
instrument
ELECTRIC TRAINS
A Car Just Like Dad's! liuilt to insure
smooth traveling on rough roads, i
Colored enamel finishes
SI.25
MOIST COLOR FAINT
BOXES
12 colors, 'J
11 spaces in
cover
tubes, 1 brush.
$1.00
Running A Railroad
Is important work and a loy needs several trains to keep
the system going. Here arc trains of various kinds
steel trains, electric trains with electric headlights,
coaches, track, switches, depot; (in 7P lln.n
hM" complete OO.f 3 ANUAUr
FUN ON WHEELS!
The school boy with his shin
ing morning face will have
heaps of fun with n wheel toy
after school hours. AU sz
Cribbage Board iu.V.... $1.00
Table Croquet t..u..t...l65c
Auto Races ...... ......$1.25
Checkers ..:......;..:....50c
Lotto :........50c
(JAMES ARK GREAT FUN
Good games make good children. Games of
every description will be found in Toyland.
DOWN THE WALK IN A KIDDIE KAR ,
The Kiddie Kar means health and enjoyment for
your child. Strongly built of hardwood to stand
continual use and can be adjusted according: to
age.
MEDIUM SIZE
$2.00
LARGE SIZE
$4.50
, Build A High Tower
Blocks are lots of fun to - build
with and tear down, too. Set
3."ic - 50c and 60c
BOYS WANT THINGS THAT GO
In Toyland you will find Mechanical Toys of every de
scription Steam Engines, Stationary Engines, etc.
SI. .10 lo $7.00
Dolls of Every Type
Such a host of DoIIh wailing here in our store, each hop
ing to be claimed by a nice little girl mother on Xmas
Day. Big Dolls, Little Dolls, Miildle-si.ed Dolls, Character
Dolls, Baby Dolls and cunning little Boy and Girl Dolls.
There is Kurh a wide variety that it is impossible lo
name them all.
l.'i-inch Dressed Doll, Ijilircakable $2.50
15-inch Ma-Ma Dull, Natural Hair $1.25
17-Inch Baby Doll
$5.00
' BAUY GRAM) I'lANO
Varnished rosewood finish,
hinged back and front, keys
substantially made1
S.'I.OO to $1.50
HUNDREDS OF TREASURES
Will Be Found in Toyland
DISHES
TOI'S
TINKER TOYS
STOVES
DOLL BEDS
GUNS
SLEDS
BALLS ' 7
BARROWS
WAGONS
CARTS
PUZZLES
HORNS
BICYCLES ,
CIRCUS
ORGANS
TELEPHONES
STRUCTO TOYS
DOLL FURNITURE LAUNDRY SETS
Do Your Shopping
Early
VK CANNOT TOO STRONGLY URG E THE IMPORTANCE AND AD
VANTAGE OF EARLY SHOPPING. BY SHOPPING EARLY YOU HAVE
THE BENEFIT OF FIRST CHOICE WHICH IS ALWAYS MORE SATIS
FACTORY. THE TROUBLESOME PROBLEM WHAT TO BUY IS DIS
POSED OF AND YOIT ARE FREE TO ENJOY THE PLEASURES OF
THE FESTIVE SEASON YOUR SHOPPING IS DONE. THE MATTER
OF READY MONEY NEED NOT PREVENT YOU FROM BUYING GIFTS
AND TOYS. OUR USUAL LIBERAL CREDIT TERMS PREVAIL. A
SMALL PAYMENT DOWN, THE BALANCE IN SMALL INSTALLMENTS.
COME AND MAKE YOl'R SELECTION NOW. IF DESIRED WE WILL
HOLD YOUR PURCHASE AND DELIVER IT TO YOU XMAS.
CARRES
Remember Saturday
Is The Day -Bring
the Kiddies with you
'-"T1-" i" ITnTlfri i tifTfiiTir mi wmwi il 1 11 fciii 1 1 III lili
1
it.
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