A New System (Conolmlcd from first Jmrc) nriscs in ninny people's mlmls. The answer to tlmt question is probably best 1ctornilnc(l by each intlivitliiRl for himsoU after tine consideration of the different phases of this sub ject. Overproduction docs not menu, ns ninny nrc outlines (throiiRh non npplication of thought to the sub ject) inclined to believe, tlmt there nrc more of the necessary needs of the people produced than their de mand for supply. The true mcnulng of the word overproduction is the reverse of the above. In the true meaning of the word, overproduction docs not exist. The eople arc not producing mote than they enn use, but arc producing more than they can enrn money to buy back again. Their wages are so low (.to speak from a general and conservative standpoint) that it takes n man about five days to earn enough to buy back what he earns in one day. livery few years the nations of the earth exper ience what is known ns n pan ic. The panic is the direct result of the people producing more than they cam money to rebuy. How, then, you ask, arc you go ing to discard this terrible cvil?The answer is simple and decisive: Ily giving the people nil thnt their mon ey earns. The promoter, in companies or ganized under the Honvillc System cannot dispose of his stock in order to "defray his expenses," ns is the custom under the old system. The promoter's share under the new system is ten per cent, ns ngniust 50 or 60 in the old. This ten per cent, of the company's stock, or promotor's slock, is the only com pensation that the promoter re ceives under the Honvillc System. Tills ten nor cent, is iinveriieil ns the rest of the company's stock, by the bylaws of the "System." It is uon-trntisfernble and tioiirtssiun nblc. The oulv menus wherein he (the promotor) can obtain any pe cuninry returns and benefit from his interest in the comtmny is thru dividends helm? trnid on the Name - - - 1 , - - Hi. ttiitKt linlfi'd lnii'i' 11 timiwuiltlmi nl henrt and be n thorough believer in its possibilities liuforc he would ever attempt to promote a company under this system. The risks and chances for the promoter nre fur greater than for the investor. The promotor must work nud put in all his time, stain nil tue expense 01 ins own living nud of momntiug the company out of his own pocket or resources, it 11 til the time of the otirimi.iition oi the company, nt which time he re ceives in payment for his services his ten per cent, of tiou-trausfera hie stock upon wliiep h must wait until it pays a dividend helore he realizes any returns for his cx peiiditures. Now, when It is s.iii that the promoter has gicHtcrchauc as to take than the puichnkcr 0 stock, that is what is tut. nut . Proposals for Slreel Work .Stxilml ihoikhmIk will he received nt the ollice of the icconler ( tlie citv of St. John until July ISO, 191 7, nt H o'clock p. 111. (or the iiiipiovi'tueiit of S. Ivan liocMrcct from till) northerly side line ot Muluuvk street tn the MMithcrly llc Hue oi Kleliinoint street, 111 Hie 1111111 ner provided by ordinance No. .11)2, mil jt't-t to the piovikioii ol the charter mid nriiiuuucoa 01 me cu v 01 m. joium, 11ml tlie ukllumtcoi tin city viikmu'it. 011 lile The engineer's estimate U f l.W.tW. llidsimist lie strictly In m-eoiiluiiceultli printed blanks which will In- furii lulled uu application at the ollice of the recorder of the city of St. Johns. And Mid iiupinveiiieiit must lie computed oil or nciore 00 nays nomine last pumicu lion of notice of iroukMl for wtiil work No proowiIs or bid will he considered uultMw iiccoiuiMided hy 11 ccilillcd check payable to the mayor of the city of .St. Johns, certified liy 11 responsible IkuiU for uu amount etpwl to ten jut cent, of the aggregate jiropmiHl. The rtK'it to reject niiy mid all hhU is iiuruuy rukorvoi. Ily order of the city council. 1'. A. U1CU, City Recorder, PidilUhed in the St. John Review July 1'-', ID nud 20, 1912. Proposals lor Street Work Seated projxwials w ill he received nt the office of the Recorder of the Cltv of St, Johns until July 80, 19W, nt 8 o'clock p. 111., for the improvement of Foswnden street from the northerly line of Jersey ktreet to the northerly Hue of Smith avenue, in the manner provided by ordiunueu No. lid, subject to the provis ions of the churtur ami ordiimuceti of the City of St. Iohns, mid the estimate of the city engineer, on tile. Knglneur's estimate is ft!, 1(11. 0,1. bids must be kttietly in accordance with printed blanks, which will be furu ikhed on application nt the ollice of the Recorder of the City of St. Iohns. And said improvement must be completed oil or before 60 days from date of the lust publication of notice of proposals of Mid worn. No proposals or bids will be considered unless accompanied by a ccrtiHod check imytible to the order of the Mayor of the Mty of St. Johns, certified by a reKu eibfc lunik for uu umuiiut equal to ten percent, of the aggregate proposal. The right to reject any and all bids is hereby reserved, ily order of the City Council. 1'. A. RICH. Recorder. Published in the St. Johns Review- on July 12, 19 and 20, 1911. THE BONHAM & CURRIER 14th Wednesday specia WEDNESDAY, JULY 31st, WEDNESDAY LAST WEDNESDAY, we enjoyed our holiday with the Porthtnd Grocers but we missed the usual nice lot of sales we have been making on Wednesdays. Hut we arc on the job again and are willing to offer you more bargains. A LARGE ASSORTMENT OF LACES, EMBROIDERY AND RIBBON REMNANTS AT GREAT SAVINGS 25c Combs, Wednesday Special 19c Soc Combs, " " 39C 25c Hair Brushes " i9c 50c Hair Brushes " 38c 75c Hair Brushes " 57c 25c Back Combs " 19c 25c Side Combs and Barretts i9c 25c Neckwear (Ladies') i9c 50c Neckwear " 39c Long White Silk Gloves, $1.00 value, Special at. . . .83c YARDAGE GOODS Lawns, regular 17 i-ac, 20c, 25c, Wed. Special 15c Galateas, " 20c and 25c, " " 15c Percales, ' 15c, Wednesday Special 12c UT OUT the Coupon below, sign your name and " address and bring to our store, and we will give you a novelty for your home that will add something to your comforts in the kitchen. Arc you fond of Baked Potatoes? "It is better to be Safe than Sorry." Name Address. SHOES A large lot of Children's and Misses' odds and cuds in shoes; all good sub stantial stock; many of them correct style, but OQr they are the cuds of lines. Your choice OC MEN'S NECKTIES 25c Tics, three for 63c 50c Tics, three for $ 1 .jt 9 MEN'S FANCY SOCKS All the odds and ends in Summer Fancy Socks 25c and 50c values, 5 pairs for $1.00 BONHAM & CURRIER OPEN UNTIL 8:30 P. M. SALE NIGHTS "Cocks" i?nme fii'.lit linven'l nny Hie litis for the place lit our curriculum, mass of Plumbing is more luntter of fact. In our work mid niuotii! our supplies we use the liest tlie tnnrkul affords in the way of Cocks, Faucets &. Pumps nml other auxiliary sundries. We do gooil work nt rensonnhle prices EDMONDSON CO. 203 S. Jersey Street EL SuccosMini to St. Julius Sand nml C.ruvel ComMiiy I., I). JACKSON, Prop. General Contractor We nre prepared to do nny nud nil kinds of exenvnting for street work and other purposes. We also handle sidewalk and build ing material. Newton nud Kessenden Streets St, Johns, Oregon Phone Columbia 236 j ATTENTION PLEASE lfor soreness of the muscles, whether induced by violunt exercise or injury, there is nothing better than Chamberlain's I.iniment. This liniment also relieves rheumatic pains. Ifor sale by all dealers. The Dlble School of the FIRST CHURCH OF CHRIST is thoroughly equipped to win souls to Christ and to train them in Christian Service, We want you, niul you need us, .Sunday Services llible School: 10 a. in. Morning Service; 11 a. in. Junior C. H.:--3 p. in. V, 1', S. C. It.: 7 p. in. livongclistic Services: S p. in, Thursday Prayermeetlng:--! p.m. I 1 Groceries on s Corner New York SI. and Willis Boulevard I NOTICE TO ADVERTISERS. In order to Insure a change of ad vertisement the copy for such change should reach this office not later than Wednesday, at 3 o'clock p. m. Please remember this and save the printer Dry g ! Shoes and Furnishings We sell only the very best in these lines and guarantee them in every particular. Special Prices still to be had Muck Mercantile Co. 201 S. Jersfiv During the summer months mothers of young children should watch for any unnatural looseness of the bowels. When given prompt attention at this time serious trouble may be avoided. Chamberlain's Colic, Cholera and Diarrhoea Rem edy can always be depended upon. lfor bale by all dealers. 1 A COOL KITCHEN Even in Midsummer With a real live breeze blowing away the stifling sultry air and cooling the whole room that's your kitchen, and all others too that have an ELECTRIC IRON Portland Railway, Light & Power Company VACATIONS AT THE SEA SHORE CLATSOP BEACH, PACIFIC OCEAN l,ov round trip fares are in effect all summer, This beautiful beach breaches twenty live miles south of the mouth or the Columbia River. Seaside and Gear hnrt have first class hotels, pottages ami camping places, surf bathing, fishing, etc, Low Round Trips East On the dates given below, round trip tickets will be sold to tue points in 111c r.asi suown ueiow, ana iiiauv otliers, at greatly reduced fares quoted. FAST TRAINS EAST In connection with Northern Pacific nud Great Northern Railways I I Atlantic City ...$m,oo Riltimore..,, 107,50 Huston , ,,.,,,,,,110,00 Huffalo 91.50 Chicago 73.50 Colorado Springs ... 55 .00 Denver 55.00 Detroit f S2.50 Duluth 60,00 Kansas City 60.0a Milwaukee.,, 72.50 Minneapolis 60.00 Montreal,,,, 105.00 New York , . . 10S.50 DATUS OF SALE. Omaha f 60,00 rniiaueipuia. . , . , , 103.50 Pittsburg 91.50 &t. I.ouis 70.00 at. raui 60.00 Toronto 91.50 Washington 107.50 July 26, 29, 30, 31, 1913. AiiKUst 1, 2, 3, 6, 7, 12, 15, 16, 22, 33, 29,30, 31, 1912. September 4, 5, 6, 7, 8, 11, 12, 30, 1912. Stopovers ami choice of routes allowed in each direction. Pinal return limit October 31, 1912. Details of schedules, fares, etc., will be furnished on request. W. 15. COMAN, General Freight nud Passenger Agent, Portland, Ore. O. M, Cornell, Agent, St, Johns, Oregon. lumber: Rough, Dressed, Flooring, Finish. Slabwood I Prompt Dry, Deliveries. Green, Quality Blocks, Guaranteed. Trimmiugs ST. JOHNS LUMBER CO. 1 v Phone Richmond 131 ivLt The Vacationist and the woman who stays at home 0000000000000000000000 Have a common lot in their desire 1 for comfortable and serviceable i clothes. And we are prepared to furnish "Clothes Ideas" whether they are for garments to be worn 1 at the seashore, the lake, the , mountain or at home. And if you will stop at our Pattern Counter we will be glad to go thru the new catalogue of Ladies' Home Journal Patterns with you. There is no time like the pres ent, STOP TODAY. Remember, too, that the woman who makes her own clothes can do so at a sav ing of from one-half to one-third. Special prices on boys', men's and youths' Elk skin, Elk soled shoes this week. Couch & Co. "PIONEERS" Distributors of Merchandise Since 1904