The Ontario Argus., June 26, 1913, Image 3

u-
a
4
JL
OF nuTintn nnr- -"sasBBB
OF ONTARIO. ORE
GROWTH OF DEPOSITS
Deposits June 4, 1908 $199,778.88
Deposits June 4, 1913 403,624.56
Show ing an increase in deposits of orer 100 per cent in the
past five year. Such growth is the best evidence of safety
of management and satisfactory service.
New Business Invited
A. L. COCKRUM, President; T. TURNBULL. Vice President-
C. E. KENYON, Cashier, H. B. COCKRUM, Ass't. Caahler'
C. W. PLATT. Au't. Caahier
Excursions East
VIA
Union Pacific System
Very low round trip fares to DENVER,
KANSAS CITY, ST. LOUIS, OMAHA,
CHICAGO, MINNEAPOLIS and many
otherjpoints.
DATES OF SALE:
May 7, 8, 10, 17,24,31; June
3, 7, 13, 14, 21, 28; July 2, 5,
10, 19,23, 31; August 1,9, 10;
11, 16, 22, 28; Sept. 10, 11
Limit: October31, 1913
See any OREGON SHORT LINE Agent
for further details
THE UNION PACIFIC SYSTEM
Reaches Omaha and Points East
THE DIRECT WAY
5 Miles of Cooling
Breeze
I For Less Than One Cent I
Is a hot weather bargain that you
can't afford to lose, especially when
you have it right in your home or
office by simply moving a starting
switch on
An Electric Fan
Let Us Advise You On An Investment that will Keep
You Cool All Summer
Idaho-Oregon Light & Power
COMPANY
Oregon
Ont
ario.
Buy your Meat at
The ONTARIO MARKET
and get
the best the macket affords
NEWS FROM OUR
' NATIONAL CAPITAL
President Reads Second Mes
sage to Congress Urging
Currency Reform.
Washington The president of the
United State went to congress again
Tuesday to deliver the second mes
sage of his administration, urging cur
rency legislation before the close of
the special session.
The three principal objects of the
administration measure are to proTlde
for redlscountlng specified types of
commercial paper; to give a basis for
properly safeguarded elastic notes and
to provide the mnrhlnery for doing a
foreign banking business.
The measure provides for 12 federal
reserve banks, In which national banks
and such state banks and trust com
panies as wish will be stockholders.
In addition to the $700,000,000 national
bank notes now existing provision Is
made for not more than t500.00O.000
In federal reserve treasury notos, to '
be used solely In making advances
to the federal reserve banks. Tiiese
banks, of course, would do no busi
ness with the public, dealing only with
their stockholders and accepting de
posits only from the United States.
Ultimate Reserve Systems.
The bill proposes "ultimately the es
tablishment of a reserve system In
which country bunks will have 16 per
cent of reserve (I. 16 per cent of
totni demand liabilities), such 16 per
cent to be held. 6 per cent In the
banks' vaults, 5 per cent with the na
tional reserve banks and 6 per cent,
either at home or with the reserve
banks, while reserve and central re
serve city banks have reserves of 20
per cent of detnnnd liabilities."
Important Reductions by Committee.
Important reductions In the Under
wood tariff bill rates on Iron, steel
and other metal products, the addition
of cattle, wheat, pig Iron. AiiRora wool
and many other articles to the free
list and an Increase In rates on many
cIiihm'h of cotton good ami Home silk
products were the chief features of
the revised tariff bill as It was laid
before senate Democrats by Chairman
Simmons, ot the finance commltto
President Wilson's desires ns to free
sUKar In lltlti and free wool at once
prevailed In the redruft of the bill.
Liquor Bill Is Proposed.
A constitutional amendment to pro
hibit the "sale, manufacture an I lm-
Donation hi distilled liquor coutuluiuaviA.
alcohol, except for mechanical, scienti
fic and medicinal purposes." was pro
posed by Senator Works.
The amendment would allow three
years for adjustment of the liquor
business before It became effective.
Senator Works said he had become
convinced that the only way to deal
effectually with the big traffic was to
prohibit the manufacture or Impcrta
tlou of Intoxicating liquors.
May Stop Franking Privilege.
Abusea of the franking privilege
through which the sugar trust recent
ly disseminated flti.000 of literature
at public expenae, Is to be stopped,
according to a bill Introduced Into
congress by Senator Kenyon.
Kenyon proposes the entire aboil
tlon of the franking privilege for mem
bere of cougress and other public of
flctals. He proposes a scheme through
which the postmaster shall Issue free
stamps to the favored ones and shall
keep close check on the amounts used.
National Capitsl Brevities.
The Indian appropriation bill carry
ing $1 1,000,000 for the fiscal year be
ginning July 1. 1913, waa passed -.:
nesday In the senate.
The president and Mrs. Wilson will
celebrate their twenty eighth wedding
anniversary on Tuesday.
As reorganized by Secretary Frank
Hit lotne, the department of the int. r
lor In all Its relations to the great
west la a department wholly of west
ern men.
The senate voted to accept the law
tatiou of the commonwealth of Pena
sylvanla to atteud the eenil-centennl.il
ceremonies of the battle of Gettysburg,
and Vice-President Marshall will ap
point a committee of nine to atuud.
A bill to control lobbying In con
gress waa Introduced by Sen.:i r
Thompson of Kansas. He divides l b
bylsu into two classes, legislative
counsel and legislative agents De
tailed provision Is made for their con
trol. The senate ordered a aubpena Ms
sued for Robert 8. Lovett. chairmen
of the directorate of the Union rac;:ic
railroad, in order that he may become
a witness in an Investigation of bis
charge that lot by 1st have sought to
secure employment from that com
pany on the ground that they would
be able to influence a favorable settle
ment o' the merger dissolution tate.
Hi. senate mine strike investiga
tion (otuuiittee has closed its work
for tt.e present at Charleston, W. Va ,
and baa relumed to Washington,
in. taking of testimony will be
resuL.i.J within a few week.
June
Clearance Sale
A Mid-Summer Sale
Of All Summer Wash Fabrics
and Women's Furnishings
A General Clearance of All Spring
Merchandise Marked Far Below
Prevailing Prices.
The time has come when we must clear this depart
ment of all surplus merchandise and with this object
in view we are going to offer for the next Ten Days
or till the Fourth of July, the following at prices un
heard of including Ratines, Ripplettes, Ottoman Cloth,
Crash Suitings, Dress Linens, Dimities, Foulards,
Crepes, Flaxons and Satin Mercettes, also Ladies'
Muslin Gowns, Skirts, Princess Slips, Combinations,
Corset Covers and Drawers. Silk Gloves in White,
Black, Tan, Blue, Pink; in Short, 3-4 Length and Six
teen Button.
A Special Offer
25 per cent off on Ladies9 Low Cut Shoes
We will, as special inducement put on sale every pair
of Ladies' Oxfords which we have in stock; black and
tan, four and five button, Gun Metal, Black Patent
Sandals, Patent and Satin Pumps and a full line of
Children's and Misses' patent Sandals.
This is a Rousing Carnival of Bargains
Lowest of prices. Every item is far above par in
value. Now is your opportunity to buy seasonable
goods in season.
This sale does not start any particular hour, but when
you read this ad or your neighbor tells about it,
Hurry! or You may be too late!
MALHEUR
Mercantile Co.
i