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About The Ontario Argus. (Ontario, Or.) 1???-1947 | View Entire Issue (June 15, 1922)
THE ONTARIO ARGUS, ONTARIO, OREGON, THURSDAY JUNE 15, 1922. fr- WtSM MfMll V. B. Staoles iflWI- Ford ' SfclftmM Hi i CHEAPER SAYS ROGER W. BABSON - The Neu) Gootfoear CrossRib Tread Cord 30 x 3Vt CLINCHER ?13.50 32x3)ijS.s4l9.75 33x4)4s.3Z15 32X4 u-f 25.45 335 &s.)3910 InANurACTURtRSTW EITAft Similar Savings on OtherSizcJ A Companion of the All Weather Tread (j3H Ontario, Oregon age man3g?iaiEiRBMsai t.HpwwwvyyvYVHMjT nw fcM Our service and facilities for serving you are just as modern and as helpful aspresent day business requires. You have no banking need that we will not fill to the limit of sound banking sense. You will profit through a banking connec tion with us. Wollcsloy Hills, Mass. Roger W Babson Issued the following state meat regarding tho Money Situ atien: "For tho past few years banks, mortgage companies and others en gaged in the loaning of money have been educating people to pay high rates of interest. Manufacturers, businessJuen,.-homo builders ani others today are paying high rates of Interest which a few years ago they believed never would be paid. Na turally this handicapped employ ment, especially building operations. Theso people now wonder whether this is to bo a pormanent condi tion or whether these high rates aro only temporary. Statistics lead mo to beliovo that the high money rate' period of the past few years has passed for many years to co'me. Already money rates have declined greatly in the wholesale market. Where a year ago the banks wero loaning money on call to the broker age houses at from six to eight per cont they are now loaning at about four per cent. Even 'three to six months paper' can bo sold at from iVi. to 4 discount. Theso aro tremendous changes within a short poriod of "'time. Infact the change is so great (a de cline of about 50)that It would not be surprising if money rates now strengthened for a short while pre paratory to another- downward, movement. "Money Is a commodity tho samo as cotton, wool, lumber or copper. It has a wholesale macket and a ro ta.ll market. A wholesale and re tail price. Moreover, as with com modities, the retail price in tho money market lags, about six months to a year, behind the whole sale prlco of the money market. This means that tho rates In the wholesale money market go up and down, from six months'to a year be fore the average business man and homo builder is affected. It takes nearly a year for co'tton to get from the plantation to the shelves of the department store. Hence, it may be several months before the retail cotton goods trade gets the advan tage of a decline In the price on raw cotton. It is tho samo with money as with cotton. It is some months after tho decline in tho, -wholesale price of money before tho business man and the home builder get the advantage in the decline of rates. Tho bankers are not to blame for this. It Is economic law. As it takes some, time for the bankers to raiso the retail Interest rate for money after the wholesale rate ad vances, so it takes a considerable tlmo for the retail rato to decline after tho wholesale rato declines." Being asked how this is to affect the average man during tho next year Mr. Babson replied as' follews: "This means that tho average man will bo able to borrow money much cheaper during the next few years than ho has been able to bor row during tho past flvo yea.rs. It moans that borrowers should avoid borrowing now for long terms at high rates. It means that there will be a dccllno in tho retail price of money tho samq as thoro has been a decline in the wholesale price of money. It means that money will bo more availablo for the building of homes, school houses, roads and construc tion work of every form. Most of all It means: As tho banks during the past few years have educated tho public to high rates, tho public must during the next few years edu cate themselves back again to tho lower rates of some few years ago," General business as reflected lnthe Babsonchart is running 15 per cent below normal, an Increase of 1 per cont over last week. It is holding woll in face of the bearish factors resulting from tho "railroad ruling, ijii q GftonMpittlwti fitanWuewiiit to paint Send for directory of Oregon manu factured products. Look up in this directory the brand name of tho ar ticle you want then ask for it. Merchants who display this sign recommend Oregon Quality merchan dlse. They are community uphold ers. Buy from them. OREGON products can supply your every building need! If you're going to have have a new house, garage, or do some 're pairing see that your material is Oregon made! Not only lumber, which, as you know, is thejfinest in the world, but brick, cement, paints, varnishes, doors, windows, hard wood flooring, furnaces, plumbing, roof ing, hardware practically everything you need for building. Buy them at your build ing material dealer's or your hardware store. If you prefer a factory cut garage or home buy one in Oregon. Your support of Oregon industries means more work; more wage earners; bigger pay-, rolls; increased prosperity for everyone. Associated Industries of Oregon 702 Oregon Building, Portland, Oregon Theso Oregon industries make Oregon quality building materials. They guarantee the goods they nell. They merit your patronage Acme Cement Plaster Wks. City Awning and Shade Co. Commercial Iron Wks. Hast Side Boiler Wks. English, J. C, Co. Ilelsor Machine Wks. King Bros. -Long, A. Q., Co. Montag Stove Wks, Pacific States Fire Insurance McCormack Concrete Mfg. Co. Pacific Tent and Awning Co. Northwestern-Engineering & EQU'P-phoenlx iron wks. Pittsburgh Platq Glass Co. Co. ment Co. Northwesten Fence and Iron Wks, Oregon Brass Wks. Oregon Iron and Steel Co. J Oregon Surety and Cauaualty Co. Portland Bolt and Mfg. Co. Tuerck-MacKenzle Machine Co. Willamette Iron and Steel Wks. Summary of weather and crop conditions In Eastern Oregon for week ending Juno 7: Week gen erally dry with few local showers. Unusually warm, high temperature accompanied by high drying winds. Wheat heading early owing to sud den high temperature. Cutting of first alfalfa progressing generally. Lower rango drying rapidly. Ber ries doing well. Early potatoes blomlng. Lato potatoes making fine growth. At the annual meeting of the Kingman Kolony Drainage district Saturday, Juno 10, Supervisor T. T. Morgan, whose term expired, was re elected for the threo year term. J. W. Jones of Salt Lake, was re newing old acquaintances at tho A. G. Kingman home over the week' end. Mr. 'Jones left Monday for Emmett where he has orchard in terests. Don't forget tho annual school meeting Juno 19. J. C .Joyce of the State Highway commission with members of -tho cqunty court, wero viowlng the Owyhee grade work tho past week. They also ran lines on tho stretch of road from the Owyhee grade to Adrian, which in its present stato, with stoop grades, Is almost pro hibitive tho hauling of tho largo crops of potatoes, grain, hay and othor produce of this section, as well as largo tonnage from Owyhee district,. Wo aro assured tho high way will bo completed over this section in time for tho hauling of tho summer crop. A delightful lawn party was giv en at the homo of Mrs. AVm. Moses on Tuesday evonlng, June 5. The occasion being tho . 17th birthday anniversary of Zonla Moses, and tho home coming for the summer vaca tion of several of the young people of tho Kolony, who have be.en absent Tho evening was spent with games, delightful refreshments being ser ved on tho lawn. front of train, indicating that many of them tried to boat train to tho crossing, resulting In 185 fatnlltfnn and 569 Injuries; G76 ran Into tho sido of train Instead of tho train Into them, rosultlng in 13 deaths and 253 injurios; 327 stalled or died on track, manly as a result of waiting until on or near track bo foro shifting gears, resulting in 7 deaths and 41 Injurios; 89 ap proached tho track at a spocd nboo tho braking power of their machlno, wero unablo to stop and skidded In to train, rosultlng in 17 injuries; -juj ran through and broke down crossing gates lowered to protect thorn from approaching train, tho rosult of approaching crossing at speed nbove tho braking power of their machlno or recklessly driving through gato lowered to .protect thorn, resulting In 18 injuries; 20 ran down and injured crossing flag men, standing at their postof duty to tho last minute warning them of an approaching train, resulting In 2 deaths and 15 injuries; 40 ran into cattleguards, warning signs, and other protectlvo dovlces, resulting In ono death and 8 injuries. "The cause of theso accidents is mado clear by tho .manner In which they occurred. If 208 peoplo wore killed and 921 injured in a railroad accident it' 'would be appalling to everyone. It Is no less appalling when this nggregato is attained by compounding periodical rosults, Tho analyst clearly discerns tho cause of those accidents to bo careless ness which may bo remedied by tho oxorcise of proper Judgmont on tho part of drivers of automobiles. In other words, beforo attomptlngto cross tho tracks of a railroad, driv ers of automobiles should stop, look in both directions and listen, and whllo waiting for train to clear a crossing where thoro is moro than ono track should mako suro that a train Is not npproaohing from tho opposlto direction on somo othor track. Such precaution at tho most would rarely requlro a wait of moro than GO seconds." by 500 Indian braves. Redmen from all over tho state and from Wash ington aro being called by tho Great Sacham P. P. Fisher for this ovent. On Thursday afternoon tho Olym piad at Multnomah Field, Portland's natural amphitheatre, will draw thousands of interested spectators. Toams representing tho Olympic athletic clubs of tho Pacific coast will competo In championship ovonts. Tho Grand Floral Parade, tho most Important foaturo of tho Rose Festival will take place on Friday aftornoon, Juno 23. Over 200 beau tlful decorated vohlcles representa tives of municipalities of the ontlro Pacific coast and British Columbia will participate in tho parado. Nov qr has such widespread intorost been ovldonced In Portland's annual Roso Festival. LOCAL PERSONALS MOTORISTS URGED TO JOIN CAREFUL CROSSING CAMPAIGN Interest of automobile owners has been enlisted In the four months nation wldo "Careful Crossing Cam paign" through which the American Railway association is now seeking to prevent highway accidents at grade crossings, Involving railroad trains, vehicles and pedostratns. Tho campaign began Juno 1st. Colored poster graphically show ing motorists tho dangers of care lessness In crossing railroad tracks aro being distributed by the South ern Pacific company and other western railroads. This campaign is similar to tho "No Accident" campaign conducted by tho railroads last year and which showed a remarkable-, decroaso in grade crossing accidents. Railroad officials -who have giv en tho subject of grado crossing ac cidents intenslvo study are clear In tho opinion that tho prevention of such accidents is largely a matter of educating drivers of automobiles, both as to tho hazards and as to the necessity for exercising caution. Commenting on this, R. J. Clancy assistant to general manager of tho Southern Pacific said: 'Accidents at grade crossings aro largely due to carelessness on the part of drivers. At grado crossings on the Southern Pacific during tho ladt 4 years end ing Dec. 31, 191, 27,5 automobiles were damaged or destroyed, 208 people wero killed and 921 Injured, "It is Interesting and helpful to a solution of this problem to know the manner in which these accidents ecyured: '1390 ran on track in MANY ATTRACTIVE FEATURES ARRANGED FOR ROSE FESTIVAL Tuesday, Juno 20 , tho opening day of the 1922 Portland Roso Fes tival will witness tho nrrlval and crowning of tho queon In beautiful crowning if tho queon In beautiful Laurelhurst Park will bo ono of tho most im'prosslvo coromontes of tho ontlro week. Included among this day's ovonts will bo tho official opening of tho Festival Center and the Rose Show at tho Armory. The annual Regatta on tho Wil lamette river, a four-hour program, participated in by motor boats, rac ing shells and othor water craft will bo tho chief event of Wednesday, Juno 21st. The U. S. S. Connecticut and six destroyers, tho Chauucy, John Francis Buins, Perclvnl, Fullor Somers, and Fnrragut, will bo the honored visitors In PoiMand, har bor for Roso Festival wook. Tho crows from tho various destroyors will participate) In tho water Bports on Wednesday. Perhaps tho most spectacular .foa turo of tho ovonts scheduled for Thursday ovonlng, Juno 22 will bo tho attack on a plonoor wagon train Vernon Butler- returned Satur day ovenlng from Corvallls where ho has been attending college for tho past year. ' J. W. McDonald and family loft Monday morning for Columbia, Mo., whoro he will spend his summer va cation visiting relatives and friends. Mr. and Mrs. J. W. McCulloch and family motorod to Bolso Sun day to attend tho polo tournament. Misses Laura Whorry and .Etta Mc&trfght aro over from Bolso this weok. A. W. Quast was a business visi tor in Caldwell Sunday and Mon day. O. L. Paulson was In Ontario Fri day and Saturday looking ovor tho prospocts for tho vocational agri culture work for the noxt year. Mrs. M. L. Stllo3 was down from Vale visiting nt tho George II. GI1 Iam homo ovor Sunday. Misses Mamlo and Evelyn Stewart loft Tuesday for Bormlngton, Wash., for a two weeks' visit. Miss Lola Reoso loft Monday for Tacoma, Wash., for an extended visit. Mr. nnd Mrs. C. A. Field woro visitors at Wolsor Sunday. Miss Ruth Lackoy is spending a short yacatlon in Ironsldo with rel atives. Mr. and Mrs. A. L. Cockrum and son, Arthur, loft Sunday morning for Payette Lakes. V. P. McKonna of Portland is a business visitor in Ontario this wook. Mrs. Susie Frlosz of Juntura, visited friends In Ontario last wook. Tho Congrogatlonal Ladles Aid mot at tho homo of Mrs. Flock of Frultland last Wodnosday. Rov. D. D. Rooso and family loft last weok for their homo In Wyom ing. Mrs. II. L. Poterson Is In Port land this week attending tho East ern Star stato convention. Mr. and Mrs. E. C-. Van Potton and son, Frank, loft Sunday morn ing for Payette Lakes. Mrs. Silas Tlllotson was down from Beulah Saturday. John Sullivan was a Sunday visi tor in Ontario from Nampa. Howard Griffin of Payette, wbb a visitor In Ontario last Saturday. fLip 1 lillf Take a Kodak along on Your Vacation Victrolas from $25.00 up to $275.00. Sold on terms. Prescriptions our Specialty REXALL EASTMAN VICTOR