A FINE ADDRESS
Continued from first page.
commorco demand it, the Port
land banks and their associates
will not hesitate to take out al
the currency needed for the pur
pose of facilitating the commerce
of this section of the country.
Nevertheless, such circulation
will not bo taken out unless the
prossure for its use becomes in
very Kroat measure more severe
than it is today, it places a
liability upon each and every
liank in the Association that
banker do not care to under
tnko unnecessarily, and is issued
nt a cobL that must eventually
bteome n severe burden on the
community.
One movinor cause for the be
lief of the Portland bankers that
we should go slow in issuing the
Vrland currency is the fact
that th3 Federal Reserve Act
will shortly bo nut in operation.
The Fedoral Reserve Hoard has
now been onranixed. and they
lira pushing forward rapidly the
trict Reiorvo Hanks. It is stnt
ud that by Oc'obar first these
banks will bo in operation. If
no. it will easily solve any exist
intf financial troubles and be far
mm expensive to Luc borrower.
As you know, the Rcsorvo Hank
of this District will bo located
in San Francisco, but we are us
infj every effort to have a branch
established in Portland at as
early a moment as the parent in
atitution In San Francisco wil
normit. Should, however, the
establishment of the branch
bank bo delayed more than is
expected, nevertheless wo shal
be ablo possibly, al some incon
vonionco. to transact our busi
ness directly with the San Fran
cisco bank.
Incidentally, 1 wish to call the
allontion of the business men o
the community to one ehanire
that will ensue in our methods
of doinir business after this
bank is established- Commcrcia
paper proper for discount al the
Hosorvo Hank musl imvo a lixoii
dnla of maturity, and interest
must be taken out in advance.
It is within the possibilities that
when the reserve bank is
operation a member bank wil
be ablo to liquidate every dollar
of its commercial paper, provid
ud such panor is of the propel
character. That moans that
properly conducted member bank
cannot suspond or fail.
Now the future! A man is a
fool who attempts tho role of a
prophet- but wore I to venture
hucIi looiiiaruiness, l hiiouki say
that tho next year or two wil
boo in Oruiron and the Unitei
States Kimorally, duo to tho mis
fortune of others, such prosper
ous conditions as never boforo
prevailed. In tho end, however,
wo cannot Imvo such an enor
mous economic waste as this
groat European war seems likely
to cnuso without materially
alVoctinir tho ability of those
nations to purchase our exports.
It is as ir yo.i had n country cuh
Lotner whose stock of goods was
destroyed by lire and who wuvi
vn-i in I'Pnlnri I lie mime nl niiv
price. You mijrht make a hnnd-
some profit on the llie tirst nlup
merit, but thereafter the coup
try store Keeper would m so
crippled that his purchases for
some time Is come would be ma
terially lessened. So it scemB
to me will bfl the cuao with the
nations of the world. Tho jrrent
nations of Knropo, iy tlie des-
truetlon of life ami property,
will be reduced to such poverty
Hint they will not be able to buy
the irooils we have to sell. The
result necessarily will beHtaurna
t ion and depression in business.
On the other hand, as an olfset
to this forecast of the distant
fuUiru, is the fact that by the
war loss that comes to F.uropenn
nations tlioro will ue open to our
ontorpriuo the vast commerce of
South Amorica that now is trib
utary to Europe. This should
and will bo diverted to our ports
provided our merchants are alive
to their opportunities. This
commorco may, in groat meas
ure, 011801 tlto loss ot huropean
hUSillQSB.
Then, again may come to our
country auothor groat ami tun
able gain inthoroostnblishment
ot our Merchant marine. Prior
to 1801, the American Marino
was tho onual. if not the su
porior, of any Marine Ben ice in
tho world, but tho Civil War des
troyed it, Hy tho repeal of our
nntiquatod shipping laws that
havo stunted the growth of our
Merchant Marine.an opportunity
comos to us that will be of un
told valuo if properly availed of.
When an Amorican can buy
ships whore ho pleases and sail
them under our (lag, anil man
and oflleor thorn with whom he
pleases, wo shall bo on a parity
with tho other nations of the
world and, indeed, with our en
terprise should surpass all other
nations.
In conclusion, lot mo bog of
you to bo of good cheer. Finan
cial conditions aro sound and
will remain so. Tho prospects
for n period of prosperity in tho
near future aro bright and it
but remains for you business
men to make tho host of tho op
portunitios that will present
themsolvos to you in tho near
future in order to reap a bounti
ful harvest for your efforts. 1
KEEPS YOUR HOME
FRESH CLEANS
Z.. ttritfl. . . ... 'fa-r3
Combination Pneumatic Sweeper
nnirTTiiw"
HPHIS Swifdy-Swccpintr, Easy-RunninB DUNTLEY Sweeper
cleans without raising dust, and at the same time picks up
pins, lint, ravchntrs, etc., in ONE OPERATION. Its case
makes sweeping a 3tmplc task quickly finished. It reaches
even the most difficult places, and eliminates the necessity
of moving and lifting all heavy furniture.
The Great Labor Savor of tho HomaV.vtty home, larj;e or
small, can enjoy relief from IJroom drudgery and protection from
the danger oi tiymp uuit.
Dtmtlayls tho I'ianoer o Pneumatic Suicopcr.i
ll.it llie combination of the Pneumatic Suction Noulca
revolving Ilruih. Very easily operated ami nbiohitely guar,
itntecd. In buyinu a Vacuum Cleaner, tvliy not rjive i
the "luttticy a trial in your nomc at our expenter
H'rlla taJuv tor lull oarllcutari
.... . ......It-.. Ptimi.
mniir Kui.Pimrr,. . niuil S. Slnte Street, .siAUi,
ChiciiKo, Illinois. g)
.". I
emen
Factory Site
AT A BARGAIN
; i i it i immi amaBBBBaa mi aasavaaam aaaavj
IMS
225F5j iisvBBi n y sUflM m mmm
m&8&& m o wtm k nap u mm
m mmm mm smrk m mm
.m iWMjfMtMr mm iwn
il
i
Block Eight, just north of the
Portland Woolen Mills for a limit
ed time can be purchased at a bar
gain. Price $5,500
ALSO, FINE BUILDING LOT J
Lot 5, Block 7, Willamette
boulevard, north. An excellent
buy at $600; $50 down and bal
ance at $10 or $15 per month.
nquire at Review Office
GUARANTEE OUR
SHOETvHQSE
The Shoes and Ho
siery sold at our stores
are bought for the
need of our own com-munity.
It has been our particular and necessary business to
study the requirements of a regular patronage. We can'
ill afford to make our purchases for transient trade.
The business has been maintained and has grown be
cause of the actual value of our stock in all lines, but we
know we are right when we insist that you cannot obtain
better value for your money anywhere in the Shoe and
Hosiery line than you can at our stores.
The Schools are soon to open and we are prepared to
equip your Boy from head to foot in a way that will give
him distinction and at a reasonable price.
But we are particularly sure of our line of Shoes and
Hosiery. What is more our store is your store and every
Sale has a Guarantee of Satisfaction.
BONHAM & CURRIER
EDMONDSON CO.
ia7 S Jersey Street
ft
I
BrcT ni i
CLO I tSU T
IN THE FAMOUS WHITE SALMON VALLEY
OPPOSITE HOOD RIVER
TEN ACRES
Set to Spitzenberg and
Newtown Apples
Trees in perfect condition;
fourth year. Located in the best
part of the famous valley, in Fruit
Home Colony. On the Trout Lake
road and also a public road run
ning along one side. Splendid
spring of water on the place.
Probably worth $10,000 in three
years, with a large and ever in
creasing income therefrom.
A Rare Bargain at $6,000
Also 8 acres adjoining the
above orchard, five acres in bear
ing commercial orchard, and three
acres set to almonds, 3 years old.
Good house and other outbuild
ings on place. Will be sold at a
bargain, ion at or aoaress mis omce. g
" (.--Ann"
Subscribe
MODERN MODS
I TEN ELECTRIC GENERATING
PLANTS
IN
Plumbing, Tinning
AND
Furnace installing
Call up Columbia 92
Office Phone Columbia 24
Residence Phone Columbia 198
St. Johns Express, Transfer
and Storage Co.
Piano Moving a Specialty. Haul
hiR done to ami from Portland
Residence 400 Kast Richmond
Office 103 North Jersey Street
Daily trips to Portland.
j. iv. ailmsu.v, rrop.
ORDER EASTERN STAR
Minerva Chapter No. 105
Meets Kvery Wrst ami Third
Tuesday livening of Hach
Mouth lu Ulekncr's Hall.
Zella If, Johnston, Worthy Matron,
r. j. a. jjtepnen, secretary.
Central Market!
205 S, Jorsoy Streot
See us for the Choicest Cuts ef
the Best Meats Obtainable.
Ordtr raird and raaOy Trad SeftdUd,
T. P. WARD, Praprfetw.
We buy or sell St. Johns Property
AlcKlNNEY & DAVIS
Real Estate
Iist your property with us if you
desire to sell quickly
202 N. Jersey St. St. Johns
Where Located
Portland (a)
Oregon City
Silverton
Cazadcro
Hstacada
Hull Run
Boring
St. Johns
Salem
Widely scattered have Been built
by the Portland Railway, Light 8c
Power Company for the purpose of
providing
Reliable Electric Service
to its patrons. Through high
tension transmission lines each
of these generating plants are inter
communicative, so that the service
is insured against unforeseen
interruptions.
Portland Railway, Light & Power Company
Broadway and Alder Streets
Phone Marshall 5IOO Home A 6131
JOSEPH McCHESNEY, M. D.
Physician mid Surgeon.
Day ft Klfht Ofllc In McChun.y blk.
SLJahM.
Ortjon,
DR. W. J. GILSTRAP
Physician and Surgeon
Glasses Accurate!) Fitted
DRUGS FURNISHED
Office Phone Col. 2B2 Ret. Phone Col. 196
Office Roomi 6 nd 7 I'lut Nutlonil Bnk nidi.
RrUtnc iijo WllUratttc Uoulcvard
0. J. GATZAIYER
ATTORNEY AT LAW
McDonald Building
ST. JOHNS . . OREGON
DR. FRANK F. CASSEDAY
Specialist In Dhutts of tJw Eye. Ear, Nwr,
mroai ai may
Operative and Medical Treatment
I Expeit l'ittins of Gl..e
I Moderate Price. '
I Mfei? PcXtim Cljc . Tliltd udVJlUiStop St.
fbOBC. M.ln and A-47i. foiiUu4, Ore,
A GOOD BUY
At Whitwood Court, a piece
of ground 600 feet long and 100
feet wide, being the upper half of
block 16, and located not far from
the Railroad and Street Car Line,
on Mill Street. As Whitwood will
soon have the great Scenic Drive
way passing through it, and other
activities are to take place, this
tract will soon become most , valu
able. Price for a short time $2000.
Call on or Address this
Office.
PERRY C. STROUD
LAWYER
Firtt National Bank Building
ST. JOHNS . . . OREGON
THAD. T. PARKER
ATTORNEY1 AND COUNSELOR AT LAW
Rooms 7 and 8
Holbrook BulldinR ST. JOHNS
DR. RAMBO
DENTIST
Phone Columbia 61
Pint National Bank bn!kUi.
ST. JOHNS. OREGON.
DR. J. VINTON SCOTT
DENTIST
Opa Kvanbfa and Sunday
DointmenL
Office Phone Cnliimliin ur
Resident Phone Columbia 38
LAUREL LODGE
No. 186 I. O. O. f.
ST. JOHNS. OREGON
HmU each Monday evening ia Odd FU
lows hall at 7:30. A cordial welcome to
all visiting brothers.
i-nas, K. Tooley, Noble Grand
John J. Goodman, Vice Grand
V, C McNeil, Bee. Sec,
Chas. L. Oweu, Fin. Sec.
II. P. Clark. Treas.
HOLMES LODGE NO. 101
KNIGHTS Or PYTHIAS t
Meets every Friday night at
7:30 o'clock in I, O. O. V
Hall. Visitors always wel
come.
A. W. PICKKL. C. C.
A. CARLNKLSON.-K. R. S.
DORIC DODGE NO.; 132
A. r. and A. M?
Regular coaaank-aikw
oh first Wednesdays of
each month in Bickncr's
Hall, Visitors welcosae.
Chafe A. Fry, W. M.
A, W, Davit, Secretary,