OREGON CITY,
RISE, FRIDAY, FEBRUARY 3, 1922.
Page 4
V
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OREGON CITY ENTERPRISE
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APPROVED BY BARLOW
Barlow, included in the proposed
Canby Union High School consolida
tion movement, is the first one of the
districts outside of Canby to go on
record as favoring the joint district.
At a meeting held among the taxpay
ers there sentiment decidedly in favor
of the proposed action was expressed,
according to Brenton Vedder, county
school superintendent has returned
from a visit through that part of the
county.
Mr. Vedder visited seven of the dis
tricts which would be included in the
plan, and has found a general senti
ment among the schools for the en
largement as the solution of the pre
sent high school problem.
LETTERS DISPATCHED
Letters have also been sent out
from the superintendent's office here
covering the Sandy district, where
the enlargement of the Union High
School is proposed.
Sandy Union High School No. 2 is
now composed of seven regular dis
tricts as follows: 19, Kelso; 42, Cher
ryville; 45, Bull Run; 46, Sandy; 52,
Firwood; 83, Dover; 107, Cottrell; ana
has an assessed valuation of about
$961,000.00. By the addition of 13,
Welches; 39, Sandy Ridge; 66, Mar
mot: 94, Deep Creek; 113, Bright-
wood; 124, Greenwood and 125, Hill
crest, there would be created a Union
High School district with an assessed
valuation of $1,482,000.00.
"Many students from Clackamas
county," explains Superintendent Ved
der "are attending school In Marion,
Yamhill, Washington, and Multnomah
counties, simply because we haVe not
provided adequate high school facili
ties for them in our own county, and
the tuition of the four counties men
tioned was more than $21,000.00 for
the school year of 1920-21. Regarding
this pua.se of the question, will say
that we do not think it a sound edu
cational policy, nor gpoi business, to
pay out to other counties this amount
of money, when by a united effort on
our part, we can build and maintain
schools second to none.
N&W BUILDING TALKED
"While no definite figures are avail
able regarding the cost of a site and
a school building we believe that
$30,000.00 would cover the entire cost.
However, with a combined valuation
of $1,482,000.00, the Union High dis
trict could float a bonded debt of
more than $74,000.00. This, in our
opinion, would be necessary, as the
voters of the H. S. district could au
thorize the board of directors to con
tract a warrant indebtedness. These
warrants could then be paid off in a
few years by direct taxation, and no
bonds need bje issued, thus saving
many thousands of dollars, in inter
est." HOLD-UP MAN TAKES $4
FROM GLADSTONE BOY
Prentice Wallace, 19-year-old son of
Mr. and Mrs. J. M. Wallace, of Glad
stone, was held up at the point of a
. pistol in Gladstone Wednesday eve
ning when returning to his home from
choir practice. He had reached the
street near the home of Dr. W. E.
Hempstead when a man suddenly ac
costed him. He demanded the young
man to hold up his hands, but Wal
lace thinking it a friend playing a
joke on him, continued his way, but
when the hold-up man whipped a re
volver and placed it against Wal
lace's stomach, the latter realized
that his "friend" meant business and
decided to give in and held up his
arms and allowed the stranger to go
through his pockets, believeing this
the safest thing to do. The robber
secured $4 in silver, and hastened
away into the darkness. As this is
In one of the main residence sections
of Gladstone, the man showed unusual,!
boldness in his hold-up game. The
robbery took place at 10 : 30 o'clock.
A few nights ago Mrs. Vernetta Ho
gan, employed in Portland, and on her
way to her home was accosted by a
man at the same place, and her
screams frightened him away. As he
departed he called out "I will get you
yet." .
The man holding up Wallace is de
scribed as the same that accosted Mra.
Hogan, wearing a slouch bat pulled
down over his eyes, and his coat col
lar pulled up tightly around his neck,
shielding his face.
AUSTRIA TO GET LOAN
LONDON, Jan. 26. Great Britain
has consented to advance a loan of
2,500,000 pounds sterling (normally
$12,250,000) to Austria on condition it
is expended under British supervision,
it was learned at the treasury depart
ment. If the loan is finally negotiat
ed Austria will be the first of the en
emy powers to secure money from any
allied nation.
KRASSIG & HERNS
DENTISTS
Specialize in
, Extraction of Teeth
Crown and Bridge Work
"Plates That Fit"
10-11-12 Andresen Bldg.
Oregon City, Ore.
INNWIHNNNIHHUIUIMItHINIHUINUnllHHmiNIIIIINI
The Test of Sincerity
Public sentiment in all nations has demanded that
the Washington conference take action to limit costly
armament, so that in that respect the statesmen of the
world have been forced to do something.
The real test of how far these nations are willing to
go, toward a new order of honest and sincere relations,
comes in their attitude toward the Chinese people. Here
is where their selfish tendencies have had free exercise.
The Chinese, people have some elements of greatness, in
the age and permanence of their civilization, and in the
industry of their people. But their lack of organization!
and unity makes them weak in self defense, hence they
have become a prey for the exploitation of the world.
The other nations have looked to them as easy fruit.
They have carved out their own spheres of influence,
where each one was at liberty to take what it wished
without regard to the rights of the Chinese people. The
Chinese government was so held down by hampering
restrictions, that it could. not assert itself and take its
place in the family of nations.
The United States fortunately has had little share
in this game of grab. Our people may not be so superior
morally to others, but they have had a rich land of their
own. The European powers and Japan living in crowd
ed territory have been under severe temptation to take
advantage of China's helplessness.
Secretary Hughes proposal for a commission to
determine whether the proceedings of the various pow
ers in China are in violation of the open door principles
to which all have asserted, puts the question of fair deal
ing squarely up to these various nations. It will pay them
much better to give China a chance and refrain from
stifling her development. The nation that gives China
the square deal will win the friendship if 400,000,000
advancing people of this race now awaking from its long
sleep. This will be an asset in the years to come.
Road Failure Scored
(Continued from Pass One.)
tion, it is spread so thin that it
amounts to nothing more than a main
tenance program. Clackamas county
this year ha8 voted $280,000 in road
funds. Of this amount $140,000 is
divided among the sixty-six districts
in proportion to their assessed valua
tion, with the result that there is not
money in any one particular place to
make a creditable showing."
SUPERVISORS SCORED
Another cause for inefficiency, the
judge showed, was that fully fifty
per cent of the road supervisors in
the county are not efficient. At pres
ent there are 66 supervisors, as the
number of districts were increased
15 this year. It Is becoming increas
ingly difficult to find men who un
derstand road construction work, he
said, and put them in charge so that
the maximum efficiency is obtained.
Roscoe Gard, P. E. Berge and W.
I. Clarke, representing the Clarkes
Booster club appeared before the
Wires, and outlined the necessity for
a market road, leading from Oregon
City to Clarkes. This is at present
designated as a bond road, and they
desire the support of the Oregon City
commercial bodies in their attempt to
have the two funds consolidated up
on its improvement so that special
road taxes can be spent upon the im
provement of the laterals and; thus
the entire district saved from a con-
J dition where today, for nearly six
months in the year, the farmers in
J the outlying parts are unable to get
to town.
COMMITTEE CHOSEN
Oregon City they pointed out, is
the only market of this rich district,
and the necessity for good roads is
as great there if not greater than any
place else in the county. Upon mo
tion of M. D. Latourette, a commit
tee of five is to be appointed to look
into the Clarkes matter and report
back to the Live Wires.
The meeting next Tuesday, accord
ing to the announcement of F. J.
Tooze, of the program committee, will
consist of a discussion of the taxation
question, when it Is hoped that de
finite remedies for ills now existing
will be proposed. Tax experts as
well as local men will be on the pro
gram. PUBLIC CONTROL OVER
COUNTIES IS EXPLAINED
UNIVERSITY Op OREGON, Eu
gene. Jan. 30. (Special) Do the
counties of Oregon have "charters"
after the manner of cities and towns?
This question is discussed and an
swered in an interesting .way by Dr.
James D. Barnett,, professor of polit
ical science, in the last issue of the
Oregon Law Review. Dr. Barnett is
acting in advisory capaciy to the Ore
gon City charter revision committee.
In the introduction to this article, en
titled ''Home Rule for Oregon Coun
ties," he says:
"A law that is of great importance
to county government, although it has
received- but little public' attention,
was enacted by the legislature of
Oregon at the session of 1919. Accord
ing to its provisions the people of
every county are 'authorized to
enact, amend or repeal all local laws
for their county by initiative and re
ferendum process."
OFFICERS INSTALLED BY
Installation services of Willamette
Falls Camn No. 148, W. O. W., were
held at Willamette hall Friday eve
ning when the following officers were
installed by installing officer Win.
Hammond: S. A. Mead, C. C; George
Criteser, A. L.; O. Erickson, Escort;
H. Anthony, Sentry; H. Frank, Watch
man: C. A. Andrus, Manager, and E.
H. Cooper, clerk.
A light lunch was served by the en
tertainment committee at the close
of the business meeting.
LOCAL WOODMEN LODGE
THIRTY YEARS
AGO TODAY
Taken from the Oregon City Enter
prise January 29, 1892.
Mind Reading and Music Thursday
evening of last week Carl King gave
an exhibition of mind-reading at
Shively's theatre. There were about
50 people in the audience. He invit
ed on the stage, C. O. Albright, J. W.
Noble, L. L. Porter, H. J. Livermore,
G. W. Church and J. S. Purdom as a
committee to observe the faithfulness
of his actions. Mr. Porter -took a pin
and made a hole with it in the wain
scoting and then hid it under the lapel
of Mr. Nobel's coat. King, blindbold
ed, readily discovered the pin. Dr.
Carll found King's pulse up to 130 at
one time, as the mind-reader was
wrought up to a high pitch of excite
ment during the demonstrations.
A Presentation M. w. Randall, an
accomplished musician, has at various
times assisted the Williamette Silver
Cornet band, though he does not be
long to that organization. As an evi
dence of their appreciation of his ser
vice and friendly interest the band
boys repaired to Mr. Randall's home
on the hill Tuesday night and "breath
ed through, their mellow horns their
pensive souls" short season. They
were invited into the house and pre
sented Mr. Randall and his wife with
a fine silver castor on which was in
scribed "Presented to Mr. and Mrs.
M. W. Randall by Willamette Silver
Cornet Band,"
The Gervais brewery located one
mile south of Gervais was totally de
stroyed by fire last Sunday morning,
when 4500 bushels of barley was de
stroyed, besides the ice house and the
machinery. The total loss was $14,000,
with $10,000 insurance.
Major Charman Is out agin after his
long illness.
Thursday evening Mrs. G. A. Hard
ing gave a delightful party.
J. P. Lovett returned from Chicago
Wednesday evening, having been sum
moned by the serious illness of his
mother, who is now recovering.
Dr. J. W. Norris celebrated his 48th
birthday anniversary Saturday, when
a company of his friends took posses
sion of his home in the evening and
helped him to remember the occasion,
Mis3 Edith Glasspool is confined to
her heme by illness and her place in
the public school is being supplied by
one of the girls of the high school.
Ned Townsend, of Portland, visited
Clyde Huntley Monday.
Percy Wilson Back
From Marine Service
Percy Wilson, son of Mr. and Mrs.
H. S. Wilson, of Gladstone, arrived
in Oregon City from San Diego, Cali
fornia, Thursday, having received his
honorable discharge from the marine
service. Wilson was with the mar
ines before the United States became
involved in the world war, and re
enlisted during the war, and after
six -years' of military training has de
cided to again enjoy civilian life.
Mr. Wilson has been stationed at
San Diego for two years,' and was
among the 300 marines in Balboa
park. He was also stationed at Ft.
Bliss, Texas, and after receiving his
discharge visited the southern part
of California, stopping at Los Angeles,
and also went over the border into
Mexico, visiting Tia Juana, where he
witnessed several exciting horse races
as well a3 bull fights.
Mr. Wilson received a bar for ex
cellent conduct while in the service
and also a victory medal. When re
ceiving, his discharge he had the rank
of corporal.
After visiting his parents in Glad
stone, Mr. Wilson expects to be em
ployed in Portland. He was formerly
connected with the Crown-Willamette
Paper company's ofifce.
MOLALLA FARMER HELD;
THREAT TOKILL, CHARGE
Cornelius Neighbors Claims
There Is No Foundation for
Action Brot Against Him.
Upon an information filed by Lowell
Blair, of Molalla, Cornelius Neighbors
was arrested here Thursday charged
with threat to kill.
Neighbors, arrested by Constable
Ed. Fortune, was brought here and
waived a preliminary hearing before
Judge E. J. Noble. He was. bound
over to the circuit court grand jury
and admitted to $1,000 bail, which he
placed.
Neighbors' has operated a ranch in
the Molalla country for the past 14
years. He claims that there is no
foundation to the charges brought
against him.
MAYOR BAKER WILL NOT
PORTLAND, Jan. 30. M a y o r
George L. Baker will not be a candi
date'for the republican nomination for
governor, announcement to this effect
having been issued by the mayor late
today. Many -vital issues before the
city of Portland, including industrial
development, now in its infancy, the
1925 exposition and municipal prob
lems that must be solved, led the
mayor to decide that it was his duty
to conclude his four-year term as
chief executive of the city of Portland,
His second term as mayor began July
1, 1921.
No denial is made in the mayor's
statement of the fact that he has been
a potential candidate for governor.
Assurances have been received of sup
port from many sources, and because
of such assurances the mayor said he
had given the question very serious
consideration.
RE-DIVISION OF ROAD DISTRICTS
(Continued from page one.)
route 3; 12, Archie Worthington, Os
wego; 13, A. A. Wood, Sherwood, R.
F. D.; 14, John Turner, Sherwood,
route 1; 15, Sam Mosier, Oregon City,
route 1; 16, Paul Roethe, Milwaukie,
route 1; 17, W. H. Counsell, Milwau
kie; 18, H. W. Kanne, Lents station,
Portland; 19, F. M. Townsend, Clack
amas, R. F. D.
WALTER YOUNG APPOINTED
20, Walter Young, Damascus; 21, J.
DeYoung, Boring, route 3; 22, M. H.
Wheeler, Boring, route 3; 23, Fred
Wenger, Boring, route 1; 24, J. C.
Yandell, Bullrun; 25, George Ten
Eyck, Boring, route 1; 26, A. L. Mat
tlngly, Sandy and W. A. Stone, Cher
ryville; 27, Wm. Bosholm, Boring,
route 2; 28, A. Widmer, Boring, route
2; 29, D. L. Edrman, Boring, route 2.
31, Henry Swales, Oregon City,
route 2; 32, Charles W. Holmberg,
Oregon City, route 2; 33, Charles R.
Livesay, Oregon City, route 6; 34, Ab
Thomas, Oregon City, route 4, and C.
T. Blackburn, Oregon City, route 4;
35, Wm. Baraatz, Oregon City, route
2; 37, Richard Griffin, Hoff, route 1;
38, P. T. Monroe, Estacada, route 2;
39, Elmer Davis, Estacada.
40, Adolph Miller, Bissell; 41, H. H.
Udell, Eagle Creek; 42, Ed. Johnson,
Colton; 43, G. E. Feyrer, Molalla; 44.
E. L. Palfrey, Molalla; 45, Herman
Fischer, Oregon City, route 3 46,
George Koehler, Canby; 47, Fred W.
Sohn, Aurora; 48, R. Zimmerman, Au
rora, route 2; 49, Rudolph Klays, Au
rora, route 2.
G. E.WYLAND NAMED
50, G. E. Wyland, Hubbard and
Frank Jackson, Molalla, route 3; 51,
Roy Ridings, Marquam; 52, Albert
Groshong, Molalla, R. F. D.; 53, J. W.
Marrs. Estacada, R. F. D.; 54, Arnt
Eimon, Estacada, R. F. D.; 5, Jonn
Putz, Colton; 56, Robert Schuebel,
Mulino; 57, Nat Scribner, Hoff, route
1; 58, Norman E. Linn, Estacada; 59,
Walter Douglass, Eagle Creek.
60, W. G. Randall, Oregon City,
route 1; 61, Maxwell Telford, Sr., Ore
gon City, route 6; 62, D. O. Day, Ore
gon City, route 6; 63, G. Notdurft.
Oregon City, route 4; -64, Leonard
Pannenter, Canby, route 2; 66, Will
Burket, Woodburn, route 2.
LOCAL LAD IS ARRESTED
BY SHERIFF IN ARIZONA
Melvln Erickson, a lad 16 years of
age, who is wanted in Oregon 3ity"
for an attempt made two months ago
to rob the safe of the Western Union
telegraph office has been located in
Globe, Arizona, according to word re
ceived by Sheriff Wilson Thursday.
Erickson is being held by Sheriff
Tol Kinsey on charges of theft, and
is to be sent to the reformatory. He
is not committed yet, pending word
from his mother whom local authori
ties are attempting to locate. It is
believed that she resides in Willam
ette. NEW NAME IS GIVEN TO
IRON MINE CATTLE HERD
Announcement Just received from
I). Brooks Hogan, manager of W. M.
Ladd Jersey farm at Oswego, states
in part: "We wish to announce that
owing to the fact that Iron Mine Farm
is but leased property, we have adopt
ed a permanent name for our Jerseys.
Our herd hereafter, irrespective of its
location, will be known as 'Oreglow
Jersey Herd'.
ARMY CUT TA-KED
WASHINGTON, Jan. 26. A reduc:
tion of more than one-third in the au
thorized strength of the American
army is planned by several of the
most influential Republicans and
Democratic leaders of the house, it
was learned today as the appropria
tions committee began consideration
of next year's funds for the war de
partment .
COMMITTEE OF
ONE HUNDRED IS
ORGANIZED HERE
Aid of Officials In Curbing
Illicit Practices Is Aim of
New Body Formed at Meet
At Congregational Church.
VIGILANTES WILL BE
HEADED BY C. H. DYE
Pool Hall Closing Is Talked
By Mayor Shannon; Tilt
With Legion Is Averted.
Bringing back the days of "B. P.",
a meeting of stern proponents of law
enforcement met with the Men's
Brotherhood at the Congregational
church supper Monday evening and
formed a vigilantes committee of
one hundred, to assist police officers
in stemming the tide of liquor traffic
The committee is a revival, of that
organization of the same name which
made Clackamas county dry even be
fore the state as a whole voted booze
out.
C. H. Dye, president of the Brother
hood, was also elected president of
tha new league; Roy B. Cox, vice
president, and Rev. A. J. Ware, secre
tary. "The lack of law enforcement
is not the fault of the officers, so
much as it is the apathy of the peo
ple," said Mr. Dye, "and they are not
doing their duty unless they cooper
ate with the police in bringing boot
leggers to account,"
CONDITIONS LAUDED
Simon McDonald, speaking as a
prohibition worker, said that he found
conditions over the city much better
than ever before, with practically no
poverty, every home comfortable, and
the average family happy and con
tented. He disputed statements made
by others that conditions of law en
forcement were in bad shape, and re
ferred to the ex-soldier man as an up
holder of good government, stating
that some were criminals before join
ing the army, and of course came out
the same way. Chris Schuebel traced
for his listeners the activity of the or
iginal committee in their prohibition
work, and cited the ex-service man
as one expecting special privilege in
law violations because of their war
records. He stated that the Sunday
closing of pool rooms was a great
factor for moral advancement of the
community.
MAYOR SPEAKS
Mayor Shannon spoke at length on
the matter of law enforcement from
the officer's side of the case, and said
that he had closed the pool rooms be
cause someone told -him he had been
bribed by the owners to allow them
to operate slot-machines. He called
attention to the number of men who
had been in the military service who
were being arrested for law violations,
stating that six in one group had been
taken up from one dance.
L. A. Henderson spoke in defense
of the ex-soldier and especially the
American Legion members, and criti
cized Mayor Shannon for remarks
concerning the activities of local
former service men. He said that the
soldier was the victim of world con
ditions, and that he was not to be
blamed any more than anyone else.
He was followed by Arthur Beattie
who also defended the soldier boy,
and explained the work of the Legion
in their efforts to have booze peddlers
ousted from public dances.
AID IS PLEDGED
A number of other prominent citi
zens spoke on the moral conditions oT
the day, and all pledged their assist
ance to the newly formed law enforce
ment league.
A plan of campaign for the opera
tion of the committee, with details of
their membership enlargement, will
be announced soon, according to Pres
ident Dye.
STIPPAT1ENDMEET
OF STATE PROSECUTORS
PORTLAND, Jan. 26. District At
torney Llvy Stipp is here attending
the meeting of prosecutors from over
the state who assembled at the coun
ty courthouse this morning to discuss
the problems of law enforcement, the
punishment of lawbreakers and hand
ling the questions of legal opinion
which they are called upon to handle.
The session will be featured by a ban
quet at the Multnomah hotel tonight.
The address of the morning was de
livered by Dr. W. T. Williamson," Port
land alienist, who discussed "Insanity
as a Defense." The discussion of this
subject from a legal viewpoint, was
led by Joseph L. Hammersley, chief
deputy district attorney for Multno
mah county.
SENTENCE AND BIG FINE
Thirty days in jail, a fine of $300
and court costs, was the sentence
meted out by Justice E. J. Noble on
Thursday to Albert Martin, of High
land, convicted of manufacturing and
possessing moonsnme. j
Martin was arrested rnursaay Dy
deputy sheriffs Long and Hughes.
Two stills, one of a copper wash-boiler
type and the other made of a gran
ite tea kettle, were found, together
with a large quantity of mash.
Since the first of the year, with
very few exceptions, Judge 4Noble has
given jail sentences to all offenders
found guilty of manufacturing liquor.
BOND MARKET STABILIZING
High Prices In Municipal and State Securities Provide
Funds for Many Civic Projects.
BY ROBERT
(Pesident Umbermons Trust Com
pany Bank, Portland, Ore. ,
The rapid advance in the bond mar
ket has caused a scurrying of states,
counties and municipalities all over
the county to sell bonds The new
high prices make it advantageous to
sel municipal bonds and communities
which for the last two years have been
unable to sell their bonds, except at
high interest rates and large discounts,
have not been slow to appreciate the
change that has occured.
The City of Portland has sold about
$1,500,000 of bonds of various Oregon
county and municipal issues have been
disposed of. The State of Oregon
is offering for sale it $10,000,000 Vet
erans' State Aid Gold Bonds and bids
will be received on January 16. An
amount of bonds so large will attract
bidders from all over the United
States, and the most important bank
ing groups of the country will put m
bids for these bonds. The State will
also sell $1,000,000 Highway Bonds on
January 10. About $1,500,000 road
bonds of various countries will be dis
posed of before the middle of the
month. The largest issue is $400,000
offered by TJnion County on Jan. 16.
Morrow county will sell $70,000
bonds; Gilliam County $125,000; Mal
heur County $130,000; Sherman Coun
ty $300,000 and Wasco County $150,
000. There is an issue of $250,000
Jacksonn County 5 per cent Bonds
whic will he marketed as soon as
conditions warrant paying par; the
law forbids selling at a discount. Mar
lon and Tilliamook counties have dis
posed of large issues during the last
week.
The theory that the sale of bonds
from other states and foreign coun
tries in Oregon should be forbidden
because it takes money out of the
State is unsound in principle. A
large part of the bond issues enumer
ated will be sold outside of Oregon
and new funds will be brought into the
State. If every community put up le
gal barriers against securities origin
ating outside of the State it would not
result in the funds being invested at
home in town lots and useless build
ings but means would be found by the
owners to send their home where it
would earn the greatest return consist
ent with securities.
The income from foreign invest
ments is no means part of the income
of the community as a whole. This
was one of the things that made Eng
land so prosperous during her many
years' history as the world's banker.
This position has now been forced on
the "United States and to the extent
that we embrace the opportunity will
much of our future prosperity be real
ixed. All attempts to interfere with, the
free exchange of capital reacts in
the end against the communities that
propose them. Restrictive laws oper
ate to hamper and restrain legitimate
business and the beneficial effect Is
niL
The United States Government
recognizes the importance of foreign
ifnancing in the United States. A
conference was held in New York this
week by Herbert Hoover, Secretary
of Commerce, and a group of promin
ent investment bankers. The pur
pose of the meeting was to arrive at a
clear understanding and recognizance
of the policy respecting foreign financ
ing in America which was inaugurated
in the early days of the administra
tion. The bankers have acquiesced in
this jKJlicy which contemplates obtain
ing ogvernment approval of oreign
loans floated in the United States.
The principal standards which the.
Administration imposes upon foreign
loans are understood to be that they
should not adversely influence diplo
matic questions and that so far as
possible they should benefit American
export trade. Direct expenditures of
the proceeds in this country by the
borrowing nation is held to be desir
able but has not been a rigid require
ment. NEW LOANS THIS WEEK
Most important of foreign loans
floated in the United States this week
was an issue of $40,000,000 Dutch East
Indies External Gold 6 per cent Bonds.
These bonds are dated January 1, 1922,
mature In 25 years and are redeem
able at the option of the Government
of the Dutch East Indies after ten
years. The price is 94.50 yielding 6.45
per cent to full maturity or if retired
on the optional date the yield is 6.75
per cent.
This loan was negotiated by the
Netherlands Government and this cir
cumstance lends something of the
high credit of Holland to the security
of the bonds. Another issue offered
here was $1,000,000 Republic of Bo
livia 6 per cent Bonds maturing serial
ly from 1923 to 1940 and were offered
at prices to yield 8.20 per cent to 8.30
per cent. The Province of Ontario,
Canada borrowed $15,000,000 for fif
teen years without option of prior re
demption at 5 per cent. These bonds
were offered at. 99.75 and several
LOCAL SCHOOL RANKED
AT
UNIVERSITY OF OREGON, Eu
gene, Jan. 26. (Special) Oregon
City high school has 13 former stu
dents attending the university, ac
cording to the latest figures from the
Registrar's office.
This gives Oregon City eighth place
when compared with the other high
schools of the state, Eugene high
leading with 67. Other high schools
of the state which rank above Oregon
City are: Lincoln, Jefferson and
Washirgton of Portland; Salem, As
toria and Baker.
Th? total enrollment at the Uni
versity for the winter term is 1904.
The enrollment for the fall term was
2012, of these 275 failed to return and
only 167 new students enrolled for the
winter term.
E. SMITH
blocks were purchased by Portland
bond dealers.
OPPOSES NEW YORK BONDS
New York's plan for comprehensive
scheme of port development is find
ing opposition in unexpected quarters.
Mayor Hylan has announced that he
will fight the proposal to issue $225,
OOO.OOo bonds to pay for the projeet.
The plan contemplated filling in a
large area between the Battery and
Staten Island adding several square
miles to the territory of Greater New
York, and developing this new land
beginning of the new year. These so
called luxury taxes though mostly
small, amounted to the aggregate sum
for terminal and port facilities.
Included in the project also is a tun
nel to Staten Island and belt line rail
road from Hayworth to and including
the proposed classification covering in
Richmand a complete trunk line,
freight and passenger tunnel under
the Narrows, a complete industrial
railroad along the Brooklyn water
front and link between the New York
Central and the New York, New Hav
en & Hartford Railroads.
LUXURY TAXES REPEALED
Many of the little tax exactions that
have become so familiar since the
United States went to war. almost
five years ago, were removed with the
of $425,000,000. Furs, silk shirts, fancy
vest coats, knit goods and expensive
lingerie can now be indulged in to the
full, provided one has the price, with
out paying tribute to Uncle Sam. Soft
drinks, chewing gum, perfumery and
cosmetics may be purchased tax free.
So may baseball bats, golf clubs and
other utensils used in sporta-
Peruna addicts can now purchase
their favorite tipple "net" and all
other patent medicines are likewise
exempt from the sales tax. Carpets,
rugs, travelling bags, pocketbooks
and parlor lamps are on the free list..
Most important is the elimination of
tarnsportation tax. This formerly was
3 per cent on freight charges, 5 per
cent on express shipments and 8 per
cent on railroad and Pullman tickets.
These charges yielded in revenues
about $138,000,000.
There is no more tax on insurance
of any kind. Tax on theatre tickets is
retained evidently on the theory that
people who could afford amusement
could pay the piper impersonated by
Uncle Sam .The new exemptions arfr
appreciated by many and are the first
long step taken back toward normal
peace conditions.
FUNDS FOR RELIEF
Work of the Purchasing Commis
sion for the Russian Relief, appointed
by President Harding and headed by
Secretary Hoover, is proceeding apace.
The commission now has $36,000,000
in cash available and the first cargo
of corn went forward from Baltimore
the day before New Years. This will
be followed early this month by four
more cargoes representing the remain
der of 1,060,000 bushels of corn pur
chased by the commission.
An additional purchase of 2,100,000
bushels of corn was announced this
week by theceommission.
An additional purchase of 2,100,000
bushels of corn was announced this
week by the commission and it is ex
pected that 18,000,000 bushels will be
shipped altogether. In addition, there
will be shipments of various other
kinds of food stuffs. About 5,000,000
bushels of seed wheat and various
amounts of other seed grains will be
dispatched to Russia early this Spring
PERUVIAN FINANCING
Reorganization of Peruvian finances
in nrenaration for the offering in this
msrlmt of the first installment of the
projected $50,000,000 loan is proceed
ing smoothly, bankers in charge of the
operation report. The situation is re
plete with difficulties, but these are
gradually being overcome .and the
probability is now forseen that flota
tion of $10,000,000 to $15,000,000 Peru
vian bonds will find a place on the
scedule soon.
ENJOIN rSSUE
The proposed issue of $5,000,000
United Cigar Stores Company of
America 7 per cent preferred stock
has been cancelled. A number of min
ority stockholders were dissatisfied
with the plan to issue the stock and
filed an injunction suit. The manage
ment took the view that it would be
unwise to proceed with the issue in
view of the objection, and recommend
ed that the plan be dropped. It is ex
pected that money for the expansion
of the company's business will be rais
ed by a note issue which may be
authorized later.
The business of the United Cigar
Stores has developed from a single
store in 1901 into a nation-wide chain
of 1208 stores and 784 agencies engag
ed in the sale, at retail, of popular
brands of cigars and cigarettes and
other tobacco products and smokers
articles. Stores are located in 289
cities and agencies in "66 smaller
cities. .
The magnitude of the company s
operations is indicated by the sale m
1920 of over 326.000.000 "gars an,
2,720,000,000 cigarettes, and 7.000 00 1
pounds of smoking and chewing tobac
co. Gross sales increased froro i -.
075,398 in 1913 to $79,628,428 in 1920.
I GEORGE HOEYE
CHIROPRACTOR I
j Caufield Bldg. Phone 636-W j
I
I Oregon City, Ore.
ItlUtMIMMIMI
nrtitMiiwt"""
I Phones: Off. 80
nmmiiimwwiiBt
Res. 251-WH
EMORY J. NOBLE
LAWYER
Justice of Peace
I 201-2 Masonic Temple, Oregon City.
. ! 1"M,," """"