FUTURE OF THE
VALLEY & SILETZ
(Continued from Page 1)
While in the valley a couple of
weeks ago the writer made in
quiries and tried to find out
something about this road. Prom
inent business men and Polk Co.
officials did not hesitate to say
that they thought the road would
be buill on into' Newport inside
of eighteen months. They said
however, that the officials in
charge of the construction of the
road had no informatio i to give
out, but that when they started
to build the road about a year and
a half ago it was understood that
they would build to the head of
the Luckiamute where they own
ed some timber lands that had
been burned over and wanted to
haul it out before it spoiled.
But the facts are this road has
been completed from Indepen
dence west about thirty-five miles
to the summit of the Coast Range
and near the Lincoln county line.
It is net a logging road in any
tense of the word. It is of stan
dard gage, well built and equip
ped with ninety pound steel rails
a fine road bed, and they have
spent thousands of dollars in
avoiding grades and cutting out
curves.
In talking the matter over with
one of their Portland attorneys I
tsked him if they proposed to
bu Id on to Newport. He said,
"I don't know. My people do
not talk. Nor are their employees
allowed to give out information
and I do not know where the
western terminus will be, but
you can draw your own conclu
sions. if you know what a log
ging road i A logging road is
generally built out of forty or
fifty pound rails, and not very
particular as to grades or curves,
often operated with a dinky en
gine and is cheaply built. Our
people are building as good if not
the best road in Oregon. Do you
think after looking it over that is
a logging road? I know that
the country from Independence
to Newport would furnish mil
lions of dollars' worth of freight
to a railroad if built on to New
port. Our company is not ask
ing any help from anyone but
is building the road because it
is a business proposition and they
think it will pay. Of course if
our people should build on to
Newport they wouH like to be
treated with the consideration
due to any valid organization
that is spending hundreds of
thousands of dollars and aiding
in developing the country and
would not want to be held up on
right of ways or water front
age, etc."
Dozens of my old friends in
Fill In Picture
1
2d
.16
17
13
Z&i
I G0'
I 111 0 A
Life. S
WELU children, that funny little bird you drew u the puMjtr i.!goa.
It Is too tad. but there are no more cf these beautiful birds to be found.
I n't you Uh they were as plentiful as the f, arrows? We could do
without the yarrows, couldn't wet How. ret ready again with ur soft pencil
tanlnj at No. 1. and you'll draw one or the tlttien and queerest locking blr-1.
It U faund principally In Afrte. It kick will break a man' le
! Polk county said, "Ben, we wil
soon be coming to Newport on a
'real railroad, and arrive at
: depot in town, without any trans-
fI1 1UI ...
' ier dj Doai. nen tnia roaa is
j built it will be a straight shoot
I from Portland to Newport and
I will only take four hours to make
i the trip."
The Oregon EIectri: passes by
, Independence on the- opposite
; side of the Willamette river and
it is said they intend to build
bridge across the river at Inde
pendence. Many people think
thht the Siletz Valley road will
be part of the Oregon Electric
system and is sure to build on
to Newport, and that the Oregon
Electric will also build a bridge
across the Willamette at Corval
lis and run a line into Kings Vat
ley connecting with the Siletz
Valley road at that point. This
would give the people a way to
the coast out of Portland on
either side of the Willamette
Valley and be the shortest route
to any of the Oregon resorts,
Then Newport would come into
her own"and be the greatest
summer resort on the Oregon
coast as well as a great com
mercial city.
The first fifteen miles of this
road leading west out of Indepe
dence runs through the richest
country in all Oregon. A portion
of the Willamette valley, the fer
tile valley of the Luckiamute and
Kings Valley to Fort Hoskins
and on to the summit. If built
on to Newport it will go down
through the Siletz basin passing
for thirty miles through the
green virgin timber of the Siletz,
and on through to Toledo and
Newport, a distance of about
thirty-five miles, running through
the very heart of this great body
of timber, besides passing
through one of the greatest and
most valuable undeveloped
granite quarries in the United
States and through the famous
coal belt in the Siletz.
It may be said without fear of
contradiction that seventy miles
of railroad from Independence to
Newport would unlock more
natural wealth and great unde
veloped resources and would ulti
mately handle as much, or more,
freight and passengers as, any
railroad in the great state of
Oregon. Newport people and all
Lincoln county will sure welcome
his road and will aid them in
every way within her power to
obtain right of ways and neces
sary water frontage for mills
iepots, etc. B. F. Jones.
FOR RENT
8 room house, furnished or un
furnished. Phone Main 4322.
28tf L. Crane.
Puzzle No. 13
6b 3-o
d2
12
T3
OVER THE COUNTY
Crowley C. HI Farmer has
planted 100 acres of clover.
SUVER Woodmen and Royal
Neighbors are intending to give
a fair and entertainment soon.
Ballston H. S. Fudge is
plowing up his hop yard.
West Salem The eitizens and
taxpayers of this end of the
county think we have a very
stubborn county court
Orchard View A. G. Rem-
pel shipped a fat hog to Portland
last week and received 12&c per
pound, and getting $30.25 for
the porker.
Spring Valley Owing to the
encouraging prospects of the
prune industry, considerable
acreage of the Red Hill territory
of this district is beirg set out to
prunes. The orchards will re
place hop and grain lands.
Dallas Quantities of seed
for grasses, grains, millets,
sweet clover, broom corn, sorg-
ham and a few vegetables have
been sent to Monmouth and In
dependence by Mrs. Winnie
Braden, secretary of the Polk
County Fair Board. ' The seed
was bought by the board to be
planted for the exhibit this fall
at the fair.
SPECIAL ELECTION
The electors of Oregon will be
called upon to approve or die
approve of eight measures passed
by the recent legislature at a
special election to be held June
i. Any other acts of the legis
lature against which the refer
endum may be invoked will also
be on the ballot. The eight are:
State issue of $6,000,000 in
bonds to begin construction of a
comprehensive system of roads
and highways embracing entire
state.
Direct expenditure of $100,000
a year for four years to build a
new penitentiary at Salem.
To raise pay of legislators from
$3 a day to $6 a day, extend
egislative session to 50 days and
limit number of billo that can be
introduced by each member and
each committee.
To authorive assessors of
western Oregon counties to re
store Oregon & California grant
lands to tax rolls.
Requiring municipalities to
hold their primary and general
elections on the same day state
primaries and general elections
are held.
To provide for classified assess
ment of property with gradu
ated rate of taxation on property
of different classes.
To enable Port of Portland to
build or to subsidize steamships
and operate line of steamers to
foreign and eomestic ports.
To prevent repeal of any parts
of slate constitution by implica
tion. Thfr t more Catarrh In thl section
of the country than all other diseases
put together, and for year It waa sup
posed to be incurable. rwctors pre-
ELTitxd local remedies, and by constant
ly falling; to cure with local treatment,
pronounced It Incurable. Catarrh la a
local disease, rreatly Influenced by con-
it ttuflonal condltfor.o nr.d therefore re
quires constitutional treatment. Hall's
Catarrh Cure, manufactured by V. 3
Cheney at Co., Toledo. Ohio. Is a consti
tutional remedy, is taken Internally
and acts thru the Blood on the Mucous
Surfaces of the System. Ons Hundred
Dollars reward Is onerea ror any case
that Hall's Catarrh Cure falls to cure.
Send for circulars and testimonials.
F. J. CHENEY h CO., Toledo. Ohio.
Pold by Drurglsts. 75c.
Hall's Family i'lll for constipation.
EXPLORING BY AEROPLANES.
War Department Fleet May Reveal Un
known Area of Hawaii.
Honolulu. The a?r'ilune flevt liirt-
ly to be established by the war dejtart
nient tn-ar Honolulu may well ! the
means by which lrujrtarit dUcovertes
may tie made u;on the Island of Ha
waii, a large area of the southeastern
portion being as yet wholly unexplored.
Lying aa It does within the radius of
major volcanic tone, but covered
with trackless forest. It la extremely
probable that several hitherto un
known cratf-rs whose existence bss
long been stix-i'tod may b located.
No less than fourteen extinct volca
noes have len dlwoverol In this re
gi'ri Kb in rex-tit years, and all these
are a -ocsaible over well made trails,
adding greatly to the Interest of the
district.
BIG AID TO TRADE
"Acceptances" Are Attracting
Merchants and Investors.
BROADER FIELD FOR BUYING.
Enable Sailor to Hsndla HI Bualnoo
at Smaller Operating Coat On Form
of Aooeptenoe Consiete of Extension
of Bank' Credit to Customer Upon
Agreed Bad.
New York. Rapid Increase la the use
ot bank and trade acceptance marks
tie development of new form of
financing hi this country, which la at
tracting the attention of banker, busi
ness men and investor. Opportunities
for trade expansion, increased credit
and desirable investment all accom
pany It and Invite study.
Trior to the passage of the Federal
Reserve Act, one of the particular ob
jections to our existing banking ays
tern was the absence of a discount
market like those of London, Paris,
Berlin and other Continental centers
where bankers' acceptances could be
readily sold. Owing to a construction,
of the Natloual Banking Act by the
Supreme Court, our national banks
were not permitted to make accept
ances, because an acceptance 1 in ef
fect the lending of a bank's credit.
Today that situation Is radically
altered. There Is In this country a
healthy and constantly expanding mar
ket for acceptances. According to the
combined tatements of the report of
December 27, 101(1, national banks in
New York City showed customers' lia
bility on account of acceptances at $00,.
21S.S00. The combined reports of New
Tork City trust companies, as of No
vember 29, 1010, showed a total of
$77,B40,2(X) for customers' liabilities' on
acceptance. And according to the
November statements last year, na
tloual banks and trust companies of
New York City reported an aggregate
acceptance volume of $ 120,S.V),NOO.
In an interesting booklet Issued
by the Guaranty Trust Company of
New York, that Institution explains the
details of thiH method of finance and
the growth of tho acceptance market.
Ib tho fall of 11)14 the Guaranty Trust
Company of New York was the only
Institution in New York City accepting
sterling drafts payable at a future date
When the London market had to re
strict Its acceptances owing to condi
tions arising from the war, the Guar
anty Trust Company immediately be
gan using dollar letters of credit.
Vheu bills were offered from abroad,
drawn under these letters of credit, the
Guaranty Trust Company bid for them.
So did other banks. Aa a result, dis
count rates were lowered. With a
clearing of the situation In the Amer
ican money market in the beginning
of 1013, bankers and brokers Itegan to
bid freely for acceptances, which cre
ated the Drat basis of m future discount
market SulUclent acceptances, bow
ever, were lacking, and the (Juuranty
Trust Company supplied this deflciuncy
with Its own acceptances. So rapidly
were these absorbed that the discount
rate fell to about 2! per cent Boon
the possibilities In thin new Hue of
financing were 'seen throughout the
country and thus a discount market
was quickly developed.
The suierIority of tho trade accept
ance over the open account for tho
purchase or sale of goods Is now per
ceived; In fact, lis power to broaden
the buying field of the luurcliaut, and
to enable the seller to handle his busi
ness at smaller operating cost, is being
fully recognized throughout the coun
try. Briefly, tho trade acceptance la
everything that the open account Is
not It gives the buyer credit for a
definite Instead of an indefinite time.
It la of service to the seller, for ha
can take the acceptance to his bank
and discount It at a lower rate than la
accorded to any other commercial pa
per. The bank not the seller carries
the credit, and all parties to the trans
action are placed on an equitable basis.
Another form of acceptance Is the
bank acceptance, which consists of tbs
extension of a bank's credit to a cus
tomer upon an agreed basis. When
Brown, in New York, buys of I)oe, 1b
Galveston, and arranges with a bank
In New York to accept on presentation
the drafts of Ikie, with document at
tached, Ie's draft on the bank be
comes a bank acceptance. Aguln, the
customer can draw his own draft di
rectly on the bank, the latter accept
ing It for payment at a future date.
In this form the acceptance 1 a com
mercial credit bill. The accommoda
tion given the customer under an ac
ceptance la merely a bxtn of the bank's
credit responsibility until he can pro
cure the funds elsewhere.
Issued for commercial purposes or
against actual business transactions,
banks and trust companies can finance
through acceptances legitimate busi
ness transactions of their customers
projwrly and conveniently; while tbey
can also Invest their surplus money
therein, at profitable rates, and with
the certainty of being aliin to convert
them at any time In the open market
For short-term Investments accept
ances of well-known banking Institu
tions sre highly desirable, since they
sre guaranteed by the standing and
credit of the accepting Imuk.
Boy, Fifteen, Digs Out of Jail. ,
Indcetnlciicc,Kaii.- Iale Arthur, the
fifteen year old who bus lwn the
center of ottr' tnii In criminal circles
U ri-, cl,!j .i w hole through the brick
ail of the county Jull and bade fare-
.1 to ti e lty Ha had been seu
' 1 ti lh r form ki-IiooI on i onvl:
.") f e thcfM and beliig held hers
. t. ailing an order of admission.
fsss'l- I i w
CHRISTIAN
r. Claude Stephens, Pastor
Important Services, Lord's Day,
March 4.
Bible School at 10 a. m.
Divine service 11 a. m.
Christian Endeavor at 6:30 p. m.
Evening service, 7:30 p. m.
General public is invited to worship
the Lord with us. A cordial welcome
awaita all.
"Once to every man and nation
cornea the moment to decide, in the
strife of truth with falsehood, for the
good or evil ido," '
tJAPTIST
W. S. STEWART, Pastor.
Sunday school at 10.
Preaching at 11.
The pastor will preach the last ser
mon from the First Epistle to the
Theasalonians.
Meeting of all the children at S.
B. Y. P. U. at 6:30.
Preaching at 7:30.
At this serviee the choir will render
special music.
Last Sunday night the audience waa
If you are going to have a
wedding or a swell dinner, don't
forget to complete the menu with
Push's Lopanberry Juice. Sold
everywhere. 22tf
NATIONALgLMAZDA
LAMPS o5SERVia
See that Every Lamp you
haveis a "National Mazda"
For the National .Mazda
Is (tie lamp of quality
and longest life.
Beware of
Foreign makes
of Lamps
Independence
Electric Co.
H. J. ROWE, Mir.
usiness
M v.
mm-.
Our steady increase in patron
age and our faith in the future of
Independence means much to our
customers, new and old. We are
tfoing to make greater efforts
than ever before to please those
who patronize us and to give
them every discount that the
grocery business will allow.
Calbreath
much pleased by the special numbtr
rendered by the choir.
All are invited.
METHODIST
Thus. D. Yarnet, Pastor.
i"0 A M. Sunday School.
11 A. M. . Divine worship.
Subject: "Sacrificial Element in
Worship."
3 T. M. Loyal Temperance Legion.
6:30 P. M. Epworth League.
7:30 P. M. Evening service.
Subjeot: "Amusements."
Music for Sunday morning:
Organ voluntary, Miss Irene Eddy.
Anthem. "Thy Way Not Mine, O
Lord." Choir. '
Solo, Miss Gladys Irving.
Evening service:
Piano offertory, Mrs. Small.
Solo, Miss Kaw lings.
RWlil3YTKRIAIV
Or. H. C. Dunsmore, Pastor
10 a. m. Sunday school.
11 a. in. ) Public Worship with
7:30 p. m. ) Sermon.
We invite you to all our services.
Strangers cordially welcomed.
N. L. BUTLER
ATTORNEY-AT - LAW
Practice in all Courts
E. K. PIASECKI
ATTORNEY AT LAW
County Court House
Dallas, Oregon.
Joseph A. Finlcy
Vocal Teacher
Thursdays, from 4-8:10 p.m
Can take only five pupils
Write 600 Koyal Bldg.,
Portland.
BUTTER WRAPS
$1 jer 100
MONITOR'OFFICE
Is Good
& Jones