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About The Ontario Argus. (Ontario, Or.) 1???-1947 | View Entire Issue (Aug. 17, 1916)
PAOK SIX tiif; ontahio aikhh TIMIHSDAV, AIKHKIST 17, 1916 Range and Alfalfa Land at reasonable prices and on 10 year terms Stockmen should get in while the getting is good. We have sold 98 sections during the last 1)0 days Oregon Western Colonization Company A. W. TROW, Ajrent ONTARIO, OREGON WHO IS YOUR BEST FRIEND? THIS BANK, OF COURSE it serve! von every day in tin- year by oaring for our money, thereby preventing its being lost or frittered away. It nol only doee this, bui it pays vim fur the privilej, I' doing mi by paying five per oen1 Intereel on your time depoatta It givee vim the free benefit of expert advice mi ; 1 1 1 subject invulv lug the use or lintidliiig of monej . It will loan ymi mono) at an tinir mi ap- proved security, and aid yon in its Investment and advise iiii in its inanagcnii'iit, if JTOU so de sire. It will aid ymi in many other ways if you will jdve it the opportunity . We invite ymi fn open all ai nut and boeome a regular patron, and pay VOuT hills by iheek. It is (be modern business wuy, and it is the safest wav. ONTARIO NATIONAL BANK o.NIAIUO. uKhCON Earl Wayland Bowman IDAHO'S MOST VERSATILE WRITER The Boise Capital News Special Representative With the Idaho Regiment at the Border. M r Bowman reports daily all the duingi of tin- Idaho lni i and uewi of tin camp, ami sends a special dins tiatiil tratuie contribution eaeh Sunday. li sub scribing for tin Boise Evening Capital News at the regular rati of 50c per niunth, readers of tln paper can Minre tins exceptionally attractive reading. 'The paper w ill he sent tn an address ymi wish either at Kogalea t" the loved one or to your own or .some friend 'a address, The Capital News, Boise, Ida. Note If there is anything Mr. Bowman can do for VOU at the ('amp write him in rare of the Capital Vewa, Boise, Idaho, and he will cheerfully do it. lie ivants tn be of real serviee to the bo s of the Seeoiul. THE UNIVERSAL INSTRUMENT Thirty years ago the tuloplume was a luxury. Today, ttiruugh iieraonal initiative .mil private enterprise, It baa become a ueeua.lt t withlu the reach of everybody. Where one a busi ness bad but one telephone with a limited talking range, today that business has service with a range three quarters of a conti nent broad, and every bran oh of every business la linked to ev ery other by an Intercommunicating telephone system The telephone has earned its responsible place and there are sow 8,000,000 Hell teW-phoues in (Ins country, over which go 26.000,000 talks daily Every Ifa'U Telephone is u Long Distance Station. Malheur Home Telephone Co. now KAHM i.ots AT Wll.l, WOHK Km -r'tiirj McAtfoo Rajro hmni innnoi Ho MimIp IWorr Not Sprliiif. W.-ish nton, IV ' , Auk K II U pn-ilictoil ihnt tlio fiirm loan art run nut in' in operation for m --. i .i nOBthl ntnl (irolt illy limn- cnnniit In iiiuilo liofiiro nnxt nprlnn III ,p'I :lt I..I1 til'" SVUll'lll til WHI1P extent will iin for the fanaor v.imi the Moral roeorvo hhIohi iim- fur i he iiu Im u nu 1 he I irw t will be -n ra opport unity ,n booum too cm li iltablo i nmiiiiiiliiy. his i. in. i, aat bo tin' norehaat and nan uf n-tnriT lias BOOB enabled tlirntlKll tl .. federal reeorve system to hao tit i . !:-. be 'i on i i .ii tran tiims. find i i .! niiirki't. i bo ii' . leiiemo ;..; man) point of reeem i'oiv to the foderal rot in. inn in many eeeoatlal ! t hi i' it u enttrel) dlfferynt In no eraj i hi the bant rooted nadef it So i oretal banking! and while ft poaalble thai la roan to oonia thej hare lands to loan thai will amoaal t" atroral hoadrod million toMan, it is mil iiiiiini'ii probable Unit the systoiii ovor wilt novo Um of i ! i ro '"in Tli" not provided lor a iMvInIoii m ini'iiint fnit-'ci Btstto into 12 luml Imtik dlHtr ots. with a foderal liiml I tit ti k In i-iu'li TI10 work of 00 iKiiutltiK iIioho illHtrlotH unit HOloCtlllK llio OOatOn at whloli Hi- loan banks arp tn lie locatod will lio tho first important duty of tho farm loan Imiiril unit Is oxpootocl tu r"iilt In Just as many Mint OOStOOU 111 pro i"ii tiio announcement of tho llaoa of tin' I '2 fodornl n .1 " ilintrlots ami tho looaUoo ol federal roaorro banks Tlio only llri'rlur irnvislon In Hi" fiirm 1 1 hi n art says that limit hanks ii l n locatod with particular n In tho farm loan hoods of Hi" ri.iiiitrv. so tho board win neve wide iiion Many iipplli'itllons from illloK. partiiul.il 1 In tho Nortlm" i anil SoulliwoMt. already haw boon rili'il in tin' trousury, but tho lioard will not iiiako public Its conclusions until It has Iravoloil over tin' MM tr unit bold hearings In many states. Bab fodorul l uhI hank must have a minimum subscribed capital of ITtO.000 before It ran start husl nohs If within :!n days after books .no oponed for subscrlptloni Ml UN lurk of any of those banks Individ uals or corporations have not sub scribed thiil amount the secretary of tl.e treasury Ik directed to subscribe for the United Stales in the needed sum Stork In the banks ma pay ill ilouds when earned, but tho I'nll- od States as a stockholder cannot par ticipate with others. The banks will not. except In spe cial oases, loan direct to farmers, hut through tlie agency of national farm loan associations, which may be or Kaiiied to uny number In a land hank district by any ten owners or pros pecllve owners of farm land WOO it riffl to secure loans on farm prop erty Applications for charters for I l.i- i- associations must go up to the farm loan hoard and may he re fejOOd hy It No association will be chartered unless It is BhOWl thai signing members desire loans total lug at least $20,000. In applying for membership in an .tiuii. a farmer must take five p. i i "lit ..I i lie face alue of the do sire. I loan in stock to the association Applications for loans are to lie passed upon b a loan committee ol ii." farm loan association I. nan will In- made only on first mortgages or farm property and tho value ol lbs liiml will be IhO ma. II consideration The land will he subject to inspec Hon hy an appraiser of tho farm loan board IsBBM Will bO made only for pun lias. ,.i laadi for Us improve no ul Of Im' purclia-e ol live stm I. equipment, fortlllaora, or to piovlili buildings on a farm or to liquidate Indebtedaoea, wM'm when the first association is formed in tin' county wlnie land Is located No loan will be made of more than $10. um) nor l.'.s i h,ia Jinn Interest will not be eharied greater 1 1, all ti per cent Tlie loan itself will be reduced through in amortisation plan providing for reduction by annual or seuii-atinual pay monts on tlie prlncipul No mort gage shall run for more than 10 years nor loss than five, and there are the necessary provisions in the law for satisfaction of overdue interest or amortisation payments The money to he loaned will come through the federal laud banks, passed to the hands of the national farm loan association and to the i.iruuT The capital stock of the land banks will not give them much loan in K power so congress iBOTOOOOd thai In. iMi greatly by authorising the hanks to Issue farm loan bunds and sell them in the open market Tho act provide that when a federal laud bank has loaned $50,000 to tamer ii dm) lesao a oorroapoadtnp amount of farm loan bonds, and that the to tal that may lie issued hy anw one bunk on a minimum capital of $760,- This would give each hank $iri.H00, ooo and tho wholo ejratotn $mo.ooo, nun tO l"nn on first mortgages i ai m loan im. .its ;ir.. to in. made i v i it of not more than I per cut bttOTOOl and a pro vision that they shall he exempt from ,i. i,l, lit' of municipal taxation ... outdo local lava (tmoatf lor trust funds Thoy aro not to he obll at on Of the Halted States, but will have behind thorn the flrel mortgages on farm limits Those mortgages gleo i tattoo i ,, , , . bj ' i tndltlon do not vnr i i ' of farm loOJ i latlon land baaha ma) bo aathoi ie.l l. UM) farm bum board In mnk" loan to farmers Ihroush ngiui It I .. trnef o i;i' "ompitile . and tho law per -i '-i..i..ini nf tolni stoek tnnd bunks to lend illrortly to hot on f'rst mo' ' firm . I 1 1 . - v. ill be mi ' ,., 1 thfl farm loan board, but win not bo i -si-nod n Moral land bank fund" us will loan associations Tin- stork baaha, aowwvor, whloh are to be oapltallaod al not looo than t ' aOhi "'so lino Issue farm loan lioml -. exemit from taxation anil baaed OO first mortgage seiiir .ni of I I times their capital stock. These tinnks are suh Jei t to thO same prOVtotOO Of thO law as loan as-orlatlons In respect to In terest rates, unionisation, etc In tin' beginning the rodernl bind banks will he govoronod bf dlrOOtOtl appointed hy the farm loan boaril, but after subscrlitloiis from loan as sociations to any federal land lunik's capital stock roach $1110,000. an etec i in will become effective, with three directors chosen hy the board and six by the loan nssocia H,.ii. V i board will approve com I iiion pad directors and officers of these hanks The loan associa tions will bO dlri'ileil by unpaid offl , ,.i ,i ..l.i ir and treasurer, or secretary-treasurer. Hanks and loan association will bo subject to the customary examina tion by persons appointed hy the farm loan hoard and the law provide pen alties for Infr'ngementa of Its pro visions or counterfeiting of farm loan bonds COMHN'nKl ItKrollT Ol'' ofaoaanra araaAia. If a farmer or a teamster or a mot orist should see on the roadside, on the top of a tall pole, a white disk two feel in diameter with a black cross painted on II. and tlie letters "It It " on the horizontal arms nf the cross, would lie sll up and take notice'' lie probably would And If lie didn't realise that the sign In dlcated a railroad crossing a hun-ili.-.l vards farther on, ho would pro bably find II mil in lime to avoid In itio run over. Such, at least. Is the reasoning of Ivmi comuiltliH'.. one representing the railroads of the country snd the other representing the public service com missions, which have been trying to solve the problem of making cross ings safe They agree tlpil the pres ent warnings are ineffective, partly because they are too varied and part is b. cause most of them are not con plciious enough. White and black aro to replace red as warning colors except at night I i.'ii the gales of protected crossings are to be painted Inalternate black and while stripes, because that com bination seems to make them more conspicuous than any other And crossing watchmen to d-play big. white disks with a black border and tie word "Slop'' painted across them in white letters, instead of raising a red or w bile flag. If thO recoiniiiendulions of these eooamlttea are adopted, as thOf pro bably will he. tlii- new, uniform set of warning signals will bO BOOd it 01 er) i.iiiroad crossing in the United i al - The niiintv court should not wait, however, to eliminate the death traps between liaker uud Huntington They should be done awuy with at i. mi- Kaker Herald MM W, HI. t 1. 1. is I TAI.ks. We have now procured a prepua lion which we can recommend to all our friends as being a splendid rem edy for all forms of stomach and bowel trouble, indigestion, bloating, sick headache, heartburn, etc., and those suffering from being "sick at the stomach " Natal I'llieapplo Pepsin Compound is sold on a positive guarantee of sat isfaction or money back. It is made from fresh pineapple Juice and pure scale pepsin. We ask every man and woman In Ontario and the surround nig country who has stomach trouble of any kind to call and examine this Splendid medicine All druggists ami Ontario i'huiinacy. udv HAs VSOIIIKIt lOHH. Tout Arnold has traded in bis I'm.! again for another of Peaceful lien . tlOBI His friends aver that ho will ho Unhappy until be takes a trip to the mountains to dust the paiut ou the new gasoline buggy. THE FIRST NATIONAL BANK OF ONTARIO, OREGON As made to tha ooiiiptroller of the currency ut the close uf business, June .10, I V I i aaaovHcfffl Loans nnd U J.HI.Si" owrdruft Stock In Itpsorve Ihink Realty nnd flxlui. Cash l(.-ei., .... i ietaai.il l.l.illlMIII s Capital r.s.iiiu Surplus and pTtflt I .... II III I :t Circulation 11.111 ii" IH'IM.slis 46U.775 40 $.-,92,243 62 known roll its sun ni.i'ii Special Offer Aug. 14 to 26 A Famous Springer Ironing Board with detachable sleeve board FREE! With each Electric Flat Iron sold during this time. Offer will be in force 13 Days. Be sure and call at our office today. Idaho Power Co. THE UNIVERSAL CAR NEW PRICES AUGUST 1, 1916 Tlie following prioea tor Pord san will be' effective on and alter Augual 1st, 1916: Runabout $345.00 Touring Car 360.00 Coupelet 506.00 Town Car 595.00 Sedan 645.00 f. o. b. Detroit TlifM' iii'f.s are positively guaranteed against any redaction before Augual 1st, 1JM7, but there is no guarantee agaiuat an advance in price at any time, THOS. F. COWARD, Agent Ontario, Oregon j ' -NiOi. MALL ', e ' IV THE "GREATER OREGON With new Ijuihllnje tl!r r -lulpmriit. and IHIII RJtiltltlt tU It fnt Ull Ilia I iilt.p.ll. of O recoil will bealii IU forty -ftret )r,Tun Uj. eplruibr It, 1910. Hicliil tralnln In Cwmiiivn , Juurnalliru Art It (lecture, Law, Meiltrliir.lMtrhlna. Libra ry Work. Music. I'hyaltal Training iut nU9 A rU. Lrse emit strons deuarttueuU uf Liber al i ilUiatloii. library of more than eV4,eOt) volumea, flf. toon bulldliiss fully ouulpucd. twu splrndld ay ninaluuis. Tuition free. Uormltorlea for ntoa and for wimeii. Ksoensea Lowest. Write for free catalogs, nddreaal n a Kealstrar UNIVERSITY OF OREGON Kl dm:, H. k. on -I r a-.i 1 m I fV HI v t Out. Al lOMAL n sui.0 no j