Friday, -Aiigust, 21, 102-". THE T,A GRANDE EVENING OUSERVER rage Five Local News In Brief tOMIMi U VIC NTS Neihgborhood Club Union coun ty flower Bliow September al Gran do Public Schools open gttpumiber 14. and NHiit tin' iiy visiting 1 rlre HIHl ArHilTH-Hl'S Of the IUC.II i'lg- ffly-Wiggly si ore. Almond School Hero Mitw Olive Jam- I'nliivr, f Port land, is visiting here at the hum. of her uncle, Mr. (an. M h. lieu Coiner, unj other relative Mikn Cotiier expects to remain In La Grand and attend high school hero this winter. K( tin lis J iuiii Portland litis V(il bus returned alter se.v fiat days spent tn Portland. Kcturiis l-'roni Portland M. J tlosH relumed to Ku Cmn (! this morning alter several days ti.ut in Portland on business line on Buslmw! I). W. Itoliic, of the United Mot- lloro Last Mht John Moak, of Baker, stopped off in Iai Grande last night and visit ed friends. He Is on his way to Corvnllis, lie re he will attend the Oregon Agricultural College this winter, lie is driving as lur us I'ortlaiul. or Company. ia apendlnK u ' few 1 J;,'!' '10"''' '" L'' ? days in 1-a Grande on business. In Walllwo ('(unity It. H. Buldock. ulatt hiuhwny di vision engineer, and II. G. Smith, VMU-d Sister Mrs, Avery Harrison hat rolurn nl - ter visiting her s'si'-r at Halfway for several dnjts , Mrs. M. A. lMr rlson, sr., who accompanied her io Halfway is remaining there for ! lunger visit. who will soon lake Mr. HahlockH T n,.( v jH YeNowMniir oliico here, uie Inspecting thy hlgli- v,ays in waiioo. voun iuu. Mr. and Mrs. Hay V. Dhhl left today for their home in Iniranrrn. Colorado, after visiting hero for the past two weeks at the home of Mr. and Mrs. Waller Pri Cal's Teacher "1 ' ' v f M 1 Lts M '1 On Way to l-intcrprix1 Mrs. J. V. White, of Tolville Idaho, was in La Grande this They will return via the Yellow i.inrninp on her way to tint it prise, stotiu National Park. w here she w ill visit relultves. (' . . . a- ' I,cft Last MkIH ltrrw on HiisIiu'sh ; I Mrs. Mary Brow n, who makes After several hours spent til la her home at Ii::t Ash street.. left Grande on busmena Mrs. O. 1'. last evening for V;ir. iivr, H. '. huiith returned to her home ut railed by the serious illn-nfl of her j;i;;in on Ihu brunrli line train. son, Neil S. Biown. Mr. Brown """" ' - ! 1ms typhoid feyer and is in a ser- To Visit Aunt condition.. He is well known Kred Beeinan went to Island here. Ciiy on the branch Jniu train. .vtnd viult hiH mini Hi ere lodaV.' He Hero l'Mu ('nlilorilia-- nl return to Ins home Acre tins Krank Briduvs is a business vl-! cvenin.t. ' i j r . 'sltor in l.a Graji'tr from: Caltfor-j 'inia. Mr. 1 UiiieW Is well known To VWIt Mother ' . ' ' " liere. having formerly iniidti. " his j Miss Marie Stephenson came to home here for o number of years. , l,u Grande this morning Irom Perr' He whs a Kiiest at the home of and spent the day hero visiiiig lu-'r Mr. and Mrs. H. H. I'lnnvr Tins j inutile.'. i day eveiiiiuf lie is stopping at . ! I tho Foley Hotel. In I'rmlleton Ycstcrtlny . . . Mis. Frank W right wa In, I'end-. Heiv l oi- Kc-uiiioii h-ton yv.sierday. She visiied frl- , .Mr. and Mrs. Jas. Hardimr and entls there n'l day and returned to son, of Madras. Oregon, Mr. and her home here in the evening. Mrs. F. J. Harding and Family, of . . i Vancouver, H. C, Charles It. Back I'niin Coast 1 Hardinr;, oi Portland and K'l Hard- Miss Ituth Jackson arrived in ' Ing, have arrived in la Grande, I .ii Grande this morning from and are visiting at the home of HeavtewJ Wasilngton. where she their mother, Mrs. K. C. Harding. 1ms been for the past two weeks. The Harding family will ljold a '. , rouhlon hero. ; '..';, Went to r.iitcriii"ij . ! ; T. 1 . Mis. l.ish WardjWCllt, lo, l.llier- innrn I rnfAv ranch livmviiiiiVii Klleit lumbar. "S. remembers the days v.la-U she was teac.n-r at the country school house and had eight-year-old Calvin Cool Idge us a pupil. She is busy vrochct.ng a white afghan which site w ill preccnl to the presi dent upon h.s next trip P.y moiith, Vl. HACSON IN FAVOR OF MORTGAGES (Continued from Itre One.) Issues ha e hecu In ilcfuii It. i'w reoi'Kanixatiun plun which is r ceiving Uu KH'Hli'M hili-ret. at th moment, Ik that of the Chicago. Milwaukee X- St. Paul Itailway company. Here Is a ca.se whtre. by a peculiar incident, u fb ai mortgage bond issue is not receiv ing fair treatment In the minds of many people. 1 refer to the Pukc'J Hound first mortgage 4s. If IImm were all outsiunding in the luids of the public, so the bondholders, could get together ami take over the properly, they would be get ting their Interest ut the present time. l'uiortunaiel, a majority of the issue is deposited under one of the Junior St. Paul mortgages, and It Is thus possible lor the St. p.nii reorganization mutiager.s to take advantage of the minority Paget Sound f i ;( mortgage, bondholders. "Many of the best banking houses feet that this action by the St. Paul reorganization committee it a distinct tulsuike und believe that I he plat) will be amended before being declared Una My operative. For any banking house to bring a cloud on a clean first mortgage is sne. merely through h technicality, is very short-fighted. Moreover, sueh action Indirectly harms all first mortgage bond. Issues of all railroads. Certain St. Paul bank ers may temporarily save a lit 1 le money by thai process, but tn the end they will lose twice as much lining Hoiim Itespouslblc. "A study of reorganizations shows moid elcarlv that much de- POUTUANn (AP). Livestock ! p0li(is m,0n the character, courage. steady. Fggs fi half to a cent Hmi financial resources of tin- uglier. Current receipts. Joe; banking house or bond hoii.se orig ins! party 31c lo 31 ic; extras. ' jimliy uttering Ihe seeuritie.s. Some .;ic to 34c. j people think a bond is a bond ir- ' ' respective of the house offering it. However, statistics of reorgamza tiotus show most conclusively that the character of the house is a JON'TEEL VANITY FACE rOWDER These dainty Vanity Com pacts are the lust word in accessories for the tirse and bund bag. The Fa e Powder blends perfectly and does not give the faintest .suggestion of ''Make I' p." Perf wned with the won-, deifnl Jonteel odor of 20 flow ui a. Glass Drugs Inc. La Grande, Oregon Markets 1 J- SAN KllANCISCO (AD. Hut- M.llKl::.s AT A (il.ANCi:. M:w YHIIK (Al').- Slocks Im-Kulur: oils rally l tn 1! imiiihm. Hunrls Kh ln: IH'W lnu-i natliin.il tt'lfihone 84-11 ut tlircv pnlnt tlon this ev.-uliiit. Acioiii :ini'd by Un I', v i. ..I. Im i.ii.l I I'l l. ml. MIns IMiri'lKil xctin niif y Ixt-il ; Si-ati- inise thin niorninit on l lie. lirKiir litH; tniln, rwhcri Hhi' will nuilif? lu r home. 1 Mis- Ward h llti 1 lirrc for the p;ift throe yi-urs.' W'iu t Hdki't IS NEEDED : LN OREGON .can Hannah. Mr. ltcynolds will "'nunnn ci.iem nr.M-i. travel on horselMck into the heart ' Hugar luusy; reactionary .f the Miiiimi eminlrv .marl; spot most Important conxUlemlion. Cer tain hou-se nre willing to spi nd a huge amount of mouey in fcc-in:; their clients through a ruorguniza,-' tion, and are willing to give up profits on two or three issues to make a good one, if necessary. 1 have in mind one large distributing . ' bond house which Ikih a reiuark- nf ft-e - Heelineii SWAIN TltlKS SICIKi;. hoUhC selling. TL' A LATIN. Ore. IJecausc the girl of. his choice did not loe him. I Job Mason. a( shot himself through the ririlit lung . Sunday. He was removed to a Portlun 1 hospitul The w oman, whose name was withheld, had consented to tnke a walk with him and his sister and gone only a short dis- J tance when the shooting tooii1 place. Young Mason bad threatened during the day lo end his IK'1 i.n.l l.n.l l'ii)i:lteillv 1 1I bn- f.w ir.nv TfiM ri,l-L.;,tS. woie Jt l-r,,i- P'1'"'" taken seriously. ' , ' ' able reputation for didng tliis. '1 hat I of itself adds to the value of the commission mnd thut IhlH certain house is back of. Other bond houses take more of the attitude of the broker pulsing on to the clients the prof its if the bond goes up, and assum ing no responsibility if the, bond goes down. These houses liuH' done much to hurt the sinning of first mortgage bonds und it is too bad th-at they are willing to forget POItTLAM) ( HA1X MA UK I IT (heir trust as some have been do P O It T I. A N l . ore. (AP). ing. , . ( Wheat Hard white it. S, Muart A study of reorganization com- AUgilsl i.f.:. .epieoiier .t:'. tM-,ii..H shows that the best re sort white. August 91.-." 7. Hem-'(11llH, co,,,,. 'When a bond house Is her, J1.&7; - western wnite. August im,.,.,.!,.,! In nnlv one IsStie. eM)e C H1CAC.O ( AP); Wheut -Lower; tiisa ppuinliug epit tl mand. Cm n Kasy; Itencficial rains. Cattle Irregular. I Hogs I Irm: better demand. yt.flti; (tonliiuied from I'aga . Ong.) i MiMH MnrlnHo Jtevnoltls went ,lolv- ; .: CaUer 'this 'TTlnmtilK tm truth .iiatf.JieP(t'ils Of 'Wiwutftl.-wwlf M and will' visit"! riemTs 'lher ' a woiitd' Vetucn fo titi- JcommuitUy few davs ' . . . '.1. rather than.- lo the, Individual. i " j 2 . ' - Walter MeachanU president of tho Old- Oregon Trail association and seetvtwry .of the liuker eham- VMtbr; lleic ' - " Miac Mi-lL-:ie nf. AValloWa Is 'visiting Miss Kl n v Movelyek b r; of commerce, when cnilvd up here at the home of Mrs": Uussell. V- H. pn 'lo-wtw a -few -worda. remarked that lie-felt thaf-such gatherings ns the on- at the time were a great Len .-ir lloniiw JlMl of . benefit. I ,,,,,,,,1 ta ehlld- Krnest Walkins. vice president Mrs. Art Uitllg "" ' 1 lof lhe Cnlon eminty clmmber of !'::uo;he;,:;;:n. tz m .1 .... few days, left this "inin for Mii artp(.ioon BPHH(m yostonlay th-ir home at l ayette. Idaho. (h(M (nornjMK.i, lll0rtill(r w,.rP 1 devoted to round table discussions . Mere Ifm niton various problems. Among otlwp .1. K. Mills, u-eompanied b l is 1ljptft8 , wnich C1U1M. np for (iix-s-n. (Jorrlon Mills, were in i.a (.iii8,(n W(.n, tniiriH, raffle, rela Orandeon basin. s yest-rday. 1 Iwy ()f ru. j(iu ronntv Ht so. were also visiting friends here. . i)'itoi-H. land settlement work und " " " budgi t and service. Atteilfllti' Meeting .,.,, M(lf;j.ifin ti,jotiriird nfb r the Karl .1. Staekland. of Cmi;. was 1nornini; ni,.,.ting. It was resdvd In Ui Orande yesterday. He attend- ((1rnn. )(jnurniunt. to accept ed the regional tneeling of ""- ,,,. invitation of the Cnion .h-b-ja-intvrn orgMHiraHnn-woi4r'rs-brc . tJnn ((J M((, SM,,(ar conferenee yeslNfl iy. in that city some lime In Novem- ll'tne mm loillnml I'ldlnwlng the meeting Mr. Tod Mot. (V K. Sllverthorn has re- t.(in J(ni) ms rjimt drove to NV'a! Inrned in La (Irande after visiting ,OK.a lllk,, to .Sl), nd a few duvs. f her laughter. Miss Marjorie Sil- waiter Meaeham left for Portland, vt-rthorn. in Porlland for lhe past .;J(ri iteynolds. secretary of the 1 'n Ion count v elm ruber of com merce, will h ave on a week's aca- IlLKK KN.IOY, ll MtUl t I L i ilubh JtlVi;ii, Ore.-L. Us Iron "j'oi tfairtl. Tin- Halle and fiiiico i ver. Wash., motored here' lor a picnic ' staged by Hood liivor lodf;e No. Wt'7, OrcnuiiH u-.i.v lodg9i in celebration of the recei.t wi t. .vir .charter.-.. .The '.ui ke ct'itul y best loll; wero i : compunied by their' drum and bu gle corps. An estimated 1 MO Llks and their bard win ter. ; August LfiS. Septeml)ei 'Sl.fifi;'- western red. August Jl.Ti.t '8ptember l.n2t PHU. hard whilf !Aigust 11.01. ' Heptember $1.!I. fine cla'is, putting all of your money iy KrOllt CaillDCd I 'OYItll)l-; LMS I.N JAIL, .n ibat one clut-s be it bond, pre- ( v " W II I I T1I: lAI-LKS. Ore. Thr-n lerred stoik or common stock. At . W allOWft L.1KC Walla W.tlliL youths are In Wasco Then light hard for that one , , .county .Jail la nding the arrival o hiouv!' Of course it Is best to i (Continued (rom I'ige One.) !u mdy slu ritf to take thein have your money In the fir.st mort- - . . .. . - back to their home city to face gage houd.s; hut the really Impor- drlfghts formerly to bathers, llui possible charges Involving the lar taut thing is not so much what the j-wi mining and boating still re- cony of an automobile. The boy-i, your money is in. but to h ive it niain the most popular sports, along It issel Weyraueh, 17. Lelun l ail in one group and then fight wu u hiking and horaeback riding. Archer, 17, and Itanford Hobb hard ftir that one group. m, Were arrested by Portland ln OpiHirtuitliics for Pnii'lt, TJi0 C0,k,r w,.uther last week furufica detectives on the Colum-' -Nexv to buying securities In 1 Ml.t,lMrt lo hav(l tllk(M, HH ,,,11 In lea bin highway near Arlington, panic and holding for two or three t)m hprc (h(, fln4t of th(, wt,lk Thu lriu Ul.,.,. jj lo mve tttk. years to sell nt a profit, when a y,rv MlOIO r,)mt,,K ..neh en the car of Weyrauch'a f4tli: boom comes, lhe best way to make J( . j,0wevor anj tll0 populatiou and heuded for Keasldo. with' u a. profit is lo buy at the right time Ui n.nVlUi niMSl m- woere in tund of I 'l.UU between them, lirst mortgage detaulled bonds. i(h0 vlrn(tv of 300. distributed They were traveling in excess of Most of oil these bonds sell under j umnK purt(1 of lni, pi(, k lo a 50 miles an hour when Intercept their vn ue for they are tempo.- t ld ,mlf ,,, of the hike. , ed by the off.cers. arily under a cloud and the market 1 . for them Ui poor. If you can sell 1 a bond Issue Just before It de- faults, well and good; but never sell just alter It defaults. That is the time to buy bonds rather than cll bonds. Thi especially applies io lirst mortgage Issues which al most invariably turn out better 1 han expected. A study of reor- ganixuliun shows that In mosl caHes the bondholder lias received both icw bnn L. W. Weeks and family are I Water, land and ulr urn now CMioiig the La Urnnde people here. H,nii n8).,i for traffic between He-' Mr. Weeks has one of the better ,ro)l 1U)f Cleveland. ' ctoiiis that was especially built'? for him this season. j Klamath Homes Looted. OOTEL ASTOR ' EVERY ROOM hai PRIVATE TOILET K I. A MATH FAI.T.H. flrp.-Two , 50s". Bullu New. Modern 11 und coiiiinou Mock. In . homos were entered lure and loot-) rin.eioSI on m no District and Thfiatrtti place of the old bonds, thus giving' rd of 9110 in cash, according 10 M r.BirP T .ff ,m t, -a him ultimately a considerable prof- rimrt made to the police. Hob- FREE GARAGE lar.ff horn $1.50 I'hat watt (rue of (lie Cnion "ra uiso nroKe mio me suue uign-1 Pacific, AtchLson, Northern Pacific W,V eommission warenouse ax (ml other of our railroad organiua- -eno auo a quaiimy 01 ions, similar opportunities are eluding a magneto, were stolen. oming about, and it muy i I ways ie thai the St. Paul will offer such in opportunity before the reor ganization pkin Is finally Ironed nit. During the next year or two (here may not be many railroad re- rgunizations, but there surely will e sime Industrial reorgaiilKatlons which should offer good opportunities. "Of course one must consider neral business conditions and the posit ion m' business on tho Hah sonchart before buying even de- 'a tilled securities. 1 lef united bonds even defaulted first .mort gage bonds are u reflection of general ondiiions. Thus when money ates are low', as at the present time, even defaulted bonds sell at higher pr.ces because of the low jiioiu'y 'rates. This means that tie- ulli-d sect nit ie are not as at tractive today as they were a year Hg6. v IJusiiiem is now In that early port bn of the llabsonchart when . ecut Itics are abnormally high, general business is today b per cent above normal while u year ago this time it was I .t per cent below lormal. so It looks as though we were now ut the beginning of a new era. If so, this may be tho time to liquidate even certitn se cuiiths in lhe process of reorgan ization. I, however, nIIII advise readers to carefully think before taking a loss on a first mortgage bond put out by a' good bond house which has the reputation of 'slay ing by Its Issues." We Buy for Less We Sell for Less Jisr iti:ci:ivi;ii The very best In boyst and girls! footwear for school and .college ut th very lowest prices. . . Hoys' and f yomig 'men's subs at a sui pi iH.ngly low price. Do your shopping now and ovoid the sehdol open-; Ing rush. The New York Store DESTROYERS OF HIGH PRICES 1216 Adams Ave, IIIY THIS MOMK Modern b-nxim joiiho near Island City high- -way across f-oin the Stango .Mill. I'rico J.,UU.0b. JemiH. Wo have several gootl lots near the Wilhiw School for sa le, k.msj terms, or we will bmhl , you a small limne ami ' sell ou vcrj easy pa-' incuts. IloiLse and barn and lun fU'l'HH IlSr IVillllW KehiHil. lA'i us sbOW S you this place. I WEEKS & H lirJIINlim ' I New l'ley lllilff. Insurance - Loau ruom M EX AXX0UXCED AT CAPITAL chilly a first mortgage issue. When a banking house is Interested in the boiids. and also the preferred and common stock. H 1 very dif I U-ulf for il to devise a plan which! . . )fj j.ar nf, ri t-t mortgage bond-- .MVlJDiri; MfHI i: Si;i:V ' jlloi,lers. This may be the difficulty IIA l.'l.'ll II.:. 'l',..t ,1 If I,, . ' ... ,. 41. I 1 -,..ti,.n I child ol Maker, 'whose body was committee.' Jt Is lis difficult to "' l" K" , """v.: found in the Kuake river about M.ece: siullv nerve two masters (. Andivwa aald.- " I be market will , two w eds ago and idei,fied Im.h ,,av Us it was two Ihousand years j 1: "V P' lce, suallow any boo, -1 week, w is slain for his money wms wlu n tlial great economist, ' b-gger's fairy tale as to Miiallty ..1 I,- if.'t..... ..f v.... ......ui..! .... i ami in lrnr vnyn mane me eu-i (Ponllnued -from l'ngo One.) ut net ore and tllegul diversion of lbnior. "The market lu our piost dtffl- ("llt piobiem. because 11 Its ill- dlfferencv lo the consequences, (g- Protected Tire s General Cord Pennsylvania Vacuum Cup Rid Yourscif of The ExpcnHuI Jennings & Shumate the opinion here tollowtng The murder is an invest Igat Ion. t he mi m gemral proposition. A ! 11,11 1 1,1 thought to have W(se old Hebrew lr;iliker once saal'oni' but one1 'by intelligent eiilzena aW really the danger to the government creating ChtHI." been Hie wnrti of fi transient. Mr. 'in me. 'Hiihsoil. if votl are ever I"1 families gathered at koborg beac;i i.Mir.-l.ild uh elderlv ii:wl leVble. ! n.lved un In a reorganisation sell and to society they an where a water, carnival was held.: The slicriifs oil ice is si-eking ln-1 all the n.-rurltles you own except bv enriching this boot I V. I, itichtuond of Steveiiso i. formation from Huntington and vl Wash., preshh'd at the pits and.Huty irniu persons who knew .Mr. provided barb. e. led beef for I he j Kaii-child and stw him Ihere, In crow d. The picnic ended with ' u 1 ,.-0ii to obfuin clews. dance. - i . . ! .Mexican Held at Mayer. i i,i;i:s ( am: in;ri.Kiti:t I kkamatii falls, iht.---i.uk ' SAL KM. ttif. - Piosecitiou of Uiineda, about 4 years of age, Wi I lib in L-ons. state proliitdliou u Mexican. was bidged in lhe director, who is under indictment county jail by SherM Hurl Ha. ii t Klamath l-'alls charged vilh kins last n'ght. uh the susp t te 1 the Iheft itf a r- voUer from a murdeier of Valentino Navarro, ti cabin occupied by a Mer.iean Ian- countryman. w ho was mo: tany orer. prole! hly u ill he deferred wounded' In a kli'fe fight at At until'the ret urn of the attoruy goma. -La'ctdo, unable to exprea bbiiself well in l-.nglish. Insist e 1 as best he could that he was in nocent of any cilnie two weeks Open "School September H According to announcement yes terday the Sacred Heart Academy ui'l open school Tuesday morning. September 8. Uvlnl Hen Mr .and Mrs. L. W. Jord'tn and family, of Clrand Junction. Colo rado, stopped here this morning general, who is now on bis vaca tion. ? This was announced by Mr. Lev ens following Ids ret pin here from K hi math Fails, where lie went to a nsw-er the charge, Mr. Iveve.is admitted that be took the revol ver in a raid involving thi an pn rn " s. Asiatbs wlio seivi-d in the Fui t"d States Army. Navy or i 'oast Guard during the World War are Mexi- not entlibd to naturaliz-ation, the Supreme Court lias decided. , Over All Waist Overalls W "i' ( r ' ej t! AUSS Boxed Novelties SiiHnlili' fur InrimlH or ;iiitMi-iii' H--iiilly prlci il. VtC iiIit ftp itlfl. 'hii' our Oni-Miilf I'rki' .ni iiii-m.-s unit inriuiiv (iis .ror. so vi ori''. ; Art & Baby Shop - KVRRVTIflN'Q WW TIIF HARV" ' Ihri West .Ini'obsoii nhlg, AiIiiiiim Ave. A new pair FREE if They Rip Look for the Two Horses -I ; Kdmonds' Foot-Fitter Shoes For Men Full- Styles Just In! Leather nil through Special Price S7.45 PAIR Shoes of Quality Clint's , Clothier y The Store will, a Cousclewe AH -Jl W M i; STAR Slaitinj; TODAY 0tm HMatmii iiimwiwh 0mu .Lin Hu' . - ". r fi : l P rr,SJSM4 r -,:.. 1 ; VIEW OF EVANS BAT, NEW ZK.M.ANI), onf o( III pllurrilie ptn nf Dial Intcrc-itlng rwin tO'i LlD( "Mniewber cant of Sue." The bay I lhe entrance lo Wplliiitun llarti'jr, whera aojcUurtiriiiUjig ahipa Iroui I lie onrt ut Ilia nutld. H oot Gibson -IX- "Taming The West" Adapted f i inn I!. Al. liowr i's "Tin: l.'iiiiKU Dwellers" .Siippoi ten I iy a Special Cast liielildinK llui.se leckless liciiseiiieii IMYKKSAL RANCH KIDKKS -4 WII00P 'Kit I P! Here's our poorl friend, Tommy, lieadiit' a h( parade of hijrh jinks and lieait-tm;. Join th crowd : NKWS FAltMvS TODAY SATl'KDAY ARCADE TrniwiirTaa