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About Mt. Scott herald. (Lents, Multnomah Co., Or.) 1914-1923 | View Entire Issue (Oct. 20, 1922)
"I can never thank you -I run never
t«ll you wlrnt you did for me. hell«»-
, Automatic 611-10
A K. (Mathes) Martlet,
5927 »2d Bt. 8. E.
Now at Fiftieth and Division
The asm» high-class work as
Children's halreulting specialty
fly William MecHarj
HofSMltoflnqA Gen. BUcksmlthlny
h IKIVIN MY1JU
»::27 Foster Road
" DR. P. J. O’DONNELL
(Continued from last week.)
And for Nfa-annan. strong against
stl that aasaUed Curvet, there had been
always the terror of the ludlan brunt
—Ute I »rum which had beat short for
the Mlwaka, the bruin which had
known that one was saved I That story
camo from some hint which Luke had
spread. Corvef thought; but Hpenr-
mao. bom near by the brum, believed
that the brum had known and that the
brum had tried to loll; all through
the years Npearman had dreaded the
brum which had tried to betray blm.
* So It was by the brum that. In the
end. Spearman waa broken.
The priest's voice bad stopped, as
Alan slowly realised; he heard Sher
rill's voice speaklug to him.
**lt was a trust that he left you.
Alan; I thought It must be that--
• trust for those who suffered by the
of your father's ship. I don't
know yet how It can be fulfilled; and
we muat think of that."
“That's how I understand It." Alan
Through the tumult In bla sou! ho
became aware of physical feelings
■gain, and of Sherrill's hand put upon
his shoulder In a cordial, frlrndly
grasp. Then another hand, small and
fl rm, touched his. and he felt Its warm
tightening grasp upon Ills Angers; he
looked up. and his eyes tilled and hers,
be saw, were brimming too.
They walked together, later la the
day. up the hill to the small, white
house which had been Caleb Stafford's.
The woman who had come to tbe door
was willing to show them through the
house; It had only 6ve rooms, One
of those upon the second floor was
so much larger and pleasanter than
the real that they became quite sure
that It waa the one tn which Alan
had been bom. and where hie young
mother soon afterward had died.
The woman, who had showed them
about, had gone to another room ■nd
left them alone.
There seems to have been no nie
turn of her and nothing oi hers len
here that any one can tell me about;
but," Alan choked, “h's good to be
able to think of her as I can now.
"I mean—wo one can say anything
against her now!"
Alan drew nearer her. trembling.
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RALPH HARRIS CO.
<16 Chamber of Commerce Bldg.
ON SCHOOL FUND
Democratic Nominee Is Alleged
to Have Evaded Law In
By C. E. Ingalls
Mr Pierce has been weeping copious
tears over tbe situation or tbe farm
■r for many years without offering any
remedy for conditions that tend to
create tbe difficulty from which be
suffers, but. on the other hand, be ba»
bad more to do with increasing taxes
—by bis legislative votes and by the
introduction of foolish bills — than
probably any other man In Oregon.
Among tbe things that Mr. Pierce
has prated about to farmer audiences
is the difficulty that the farmer has
had and still has in obtaining money
cheaply enough and tor sufficient
length of time to enable him to con
duct the Ordinary transactions of his
business affairs. One of the funds
which has been created for tbe farm
'Constance I" He Caught Her.
ers of Oregon, from which they might
Let Him Hold Her.
obtain money at a lower rate of in
tercet, la the Irreducible school fund
Ing In—her and tn me. no matter how
We have heard a great deal about
things looked. And then, coming up
the sacrednees of this fund—both from
here as you did -for me!"
Mr. Pierce end from some of his Demo
"Yes. It was for you. Alan !"
cratlc allies. Mr. Pierce has been
"Constance!" He caught her. Rhe
very fond of thia fund tn the past—
let blm hold her.
much fonder than even bls earnest
The woman was returning to them
speechea^-tn behalf of cheaper money
now and, perhaps. It was as well ;
for the farmer—would Indicate. Let ;
for not yet, he knew, could he ask
us Illustrate Mr. Pieree's deep af
her all that be wished; what had hap
fection and abiding love for this source
pened waa too recent yet for that. Rut
of cheep money.
to blm. Spearman—half mad and flee
The creators of the Irreducible |
ing from the haunts of men—was be
school fund wished to provide loans
ginning to be like one who had never
for small farmers on the theory that
been; and he knew »he shared thia
tbe larger farmers—such aa Mr.
feeling. The light In her deep ayes
Pierce is (the assessed value of hts
waa telling him already what her an property being $253.000 00)—ars able '
swer to him would bo; and life
to take care of themselves
stretched forth before him full of love
passed statutory enactment to the ef .
and happiness aqd ho,«.
feet that no one Individual could bor
row from this fund aa smount greater
than $6,000; nor could he get his loan
If you have read the story of "The for a longer period than ton years,
Indian Drum" let us know how you and he should be permitted to borrow
enjcyed it It is our intention to rive It at the low rate of 4%
According to the records of Union
our readers the kind of story tiwy
like moat and our next »election will County (Book 34 of Deeds, page 621).
Walter M Pierce sold to Charles M.
be based entirety on the comments
Pierce, his brother, one of his tracts of
of our readers.
land, for the sum of $16,400.00. This
transaction occurred on November
Seven days later, Charles M. Pierce
borrowed $6,000.00, tbe limit that he
eould get from the school fund, from
the State Land Board.
Seven days after tbe money was
borrowed op this farm. Charles Pierce
Organization Formed to State sold it back again to bla Brother Wal
ter. tor a consideration of $16.400.00
Opposing Side to Voters
—the exact amount that he paid for It
and the record states that Walter M.
Pierce assumes and agrees to pay the
November 14, 1903—on the same
Opposition on the part of various
Protestant denominations to tbe pro day on which Walter sold property to
posed compulsory education bill, so- hla brother Charles—he also sold an
called. Is being carried on through an other farm to his sister, Minnie
organisation formed la Portland, with Pierce. For thia farm he received $16,-
headquarters In the Consolidated 401'00
On the same day that Brother
Sectfritles building. Its purpose is to
state to the voters of Oregon the ob Charles borrowed $5.000 00 from the
jections of those whom It represents State Land Board, Sister Minnie also
borrowed $5.000 00 from the State
to the passage of the measure.
W. L. Brewster,' former city com Board—the acknowledgment of this
missioner of Portland, member of transaction being taken by Walter M.
the public library board and lawyer Pierce, himself, aa Notary Public in
of prominence. Is chairman. Joseph Union County.
For some reason or other, Minnie
A. Hill, principal of Hill Military
academy. Portland, a non-aectarian B. Pierce did not like the farm she had
school for boys. Is esecutlve secretary. bought from Walter, any more than
Xembers representing various Pro Brother Charles liked his farm, for—
testant Interests Include Richard W. on December It (1$ days after she
Montague. James Stapleton. Frederick had,given the mortgage), she sold the
8trong. H. 0. Thurston. F. W. J. Syl farm beck to Waits» for $16.600.00,
vester. W. J. Henderson and Mabel the exact sum that she paid for it,
Walter M. Pierce again kindly.assum
A statement just Issued through this ing and agreeing to pay the mortgage.
November Mth, 1403, seems to have
office says, briefly:
been a very busy day for "Walter M.";
The proposed bill Is fundamentally
for. In addition to the farms that he
un-American, as it undertakes to de
sold to his brother'Charles and his
prive certain people of the right to
sister Minnie, he also sold, on the
send their children to schools where
same day. another farm to his brother
religion Is a part of the training.
George, for the consideration of $15.
it would close all private schools 600.00.
of whatsoever denomination or non
By a strange coincidence. George
sectarian institutions, such as the Hill also had to borrow some money on his
newly-purshssed farm and. on Novem
It la unnecessary; upsets the theory ber 23. 1903—the same day that his
of our government; fosters Intolerance, brother Charles borrowed $5,000. $0
bigotry and Invites religious contro- from the State Land Board—brother
George also borrows $5,000 00 from the
Its provisions would place on tax- State Land Board
payers of Oregon more than <1,006,-
Evidently brother George didn't like
000 additional taxes to care for the Xbargain any better than the other
several thousand pupils now In the
tires for. a few days later—to-wlt:
various private schools of the state; December 16th, 1903. he gold the farm
new building! would be required and back to Walter for $16.600.00, the
a large added teaching staff.
same amount that he paid for IL
Above all. It lt> unconstitutional, and Walter again assuming the $5.000.00
harks back to witchcraft days when mortgage. This sum seems to be a
burning at the stake was the fate favorite In the Pierce family—for It Is
of many who believed differently than the same amount that Brother Charles
others and dared to exercise their had paid for his farm, on tbe same
rights; It Is Inconceivable that the day. Evidently Walter did not care
voters of generous Oregon will put to show any partiality between his two
the brand of religious bigotry and In brothers. It may not be of any bene
tolerance upon this fair state.
fit to the account of this transaof.lon^
but nevertheless it should be noted
that these considerations, received by
Walter for the sale of these farms to
hie relatives, is slightly over three
times the $5.000.00 mortgage. The
State Law requires that the State
land Board can make no loans from
the Irreducible School Fund for mors
than one-third the value of the prop
erty Involved, but that Walter should
always sell for thrice the limit he
could borrow, may be a mere incident.
November 14, 1903, was apparently
a remarkable day In Walter’s Real
Estate career for, tn addition to the
three farms above mentioned, which
he sold that day to his brothers and
sister, he also sold a farm td Thomas
J. Tweedy, a near friend of his, fcr tM
flat consideration of $16,000.00. _
- It seems too strung to b.
Thomas Tweedy, on Novemb
-■ ' •
the same day that other mo:t: r
were made to the State Land Board
also borrows $5,000.00 of the sacred
FIGHT SCHOOL GILL
irreducible school fund. and. to make
the coincidence still more remurka'ile,
on December 12th, he sold tbe place
back to Waller M. Pierce for $10,010.06
—the exact amount he paid for It—
tbe affable Mr Pierce agreeing to as
sume and to pay the $6,600.00 mort
But this does not account for all Mr.
Pierce’s transactions on that busy day.
Evidently, they were having a "sell-
yourfarrn" day on November 16th, in
Union Coanty, for Walter on that day
sells to one George W. Tate, a
business associate, another one of his
numerous Union County farms, receiv
ing for this one $17,200.00.
amount received for this place would
indicate that Walter drove a harder
bargain with his business associates
than be did with hla relatives.
But, If November 14th was “sell-
your farm-day" In Union County, Nov
ember 23rd was also "mortgage-your-
farm-day” for the State Land Board.
FOr the records show that George W.
Tate, on that day. borrowed $5,00" "0
from tbe 8tate Land Board—the mort
gage note being acknowledged In statu
tory form before Walter M. Pierce
himself, as Notary Public for Union
How the minds of the purchaser, of
these various tracts ran "willingly
along" together. Is indicated by the
fact that Mr. Tate, on November 30th,
seven days after he made hla real es
tate deal, sold hla newly-purchased
place back to Walter M. Pierce, for
$17400.00—the same amount he had
paid for It, Mr. Pierce again kindly
agreeing to assume and pay tbe atari
In spite of these large transactions
In Real Estate that occurred at that
time. It will be noted that none of tbe
parties to these transactions made any
money off each other—all of them re
selling the farms bought from Waiter
back to him, for the same prices they
paid for them.
Evidently Walter did not propose to
be outdone by those to whom be had
■old hla property for, on November
23rd, the same day that the others bor
rowed money from the State Land
Board, Book 29 of Mortgages for Union
County, shows that the future non
partisan candidate of the Democratic
Party for Governor, also borrowed
$5,000.00 from the State Land Board,
and. having assumed the mortgages of
the other five farms which he had sold
to hla relatives and friends. Mr. Pierce
now had $30,000.00 of the State’s Sa
cred Irreducible School Fund for
which he was paying Interest at the
insignificant rate of 6%.
There were other farmers, however,
in Eastern Oregon who were not so
fortunate as to secure even $5.000 00.
or smaller sums, from the State Land
Board, or any other board, at 6%;
but the records of that section show
that loans were b’ ng made extensive
ly at that time, at rates of Interest
carrying from $ to 10 per cent In
fact, the mortgage records show that
John M. Lightfoot and wife, on tbe
9th day of November of that same
year, borrowed from Walter M Pierce,
the sum of $750.00, for a period of five
years, at 6% interest! giving a mort
gage on their farm therefor. Hundreds
of other mortgage records show that
no money was being loaned In Walter's
section of the country at that time for
less than $%.
The state law requires that money
borrowed from the sacred Irreducible
school fund must not be held for more
than a ten-year period. The records
shew, however, that all of the six
mortgages, held by Walter M. Pierce,
were not paid until Septembe. L 1915.
In other words, because their rela
tives unloaded their mortgagee on him,
Walter had $30,006 of the state's irre
ducible School Fund—when he was
entitled to only $5,000 for not more
than ten years. Other farmers, in Mr.
Pierce's section of the country, and
other parts of Oregon, were making
applications for loans to the State
School Fund, and were unable to so-
cure money because of the fact that
the available money In the fend was
all loaned out.
The records In Umatilla County
show that, during this period. Paa ter a
Oregon farmers, however, were not
allowed to go without money entirely
—tor Walter, himself, waa sgcommo-
dating a great many of them, with
sums carrying up to twenty tbo-i-aal
dollars and that at rates of Interest
running for from $ to 10 pw cent.
Tor example, on May 27, 190S, !'iry
E. Cooley mortgaged 1J20 acres of
land, to Walter, in the sum of $20<-
000.00 for 8%.
On November 2nd, the same month
la which Walter conducted his numer
ous deals In real estate, he loaned to
J. 8 Sbuterneal another sum of money,
on a farm mortgage, at 10%. In fact,
there are so many records of this kind,
showing Walter's evident frantic en
deavor to accommodate his neighbors
14 you will
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at 16% that, like the articles of the
auction bill, they ars "toe numerosa
to mention.'*' *
There sre those tools of "the ha
terests" who have the temerity to say
that Mr. Pierre is a lawyer and there
fore not really the friend of the farm
er but that he la merely pretending
to be a friend In order to get the
farmers' vote. Those who know point
to his record in the Senate as evidence
that he has been the chief tax booster
In the State of Oregon. But these un
friendly souls do not know whereof
they speak—for the above transaettona
In real estate and mortgages ah >w,
beyond a doubt, that Walter Is a real
honeet-to-God-tr lend of the farmer sod
that that farmer is Walter M. Pierce
«< Qnlon County.
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