8
THE MORNING OREGOXIAX. 3IOXDAY, JUNE 14r 1915.
BURAL BANKS -TOPIC
A.C.Shute,of Hillsboro, Heard
: at San Francisco Meeting.
BROADER VIEWS ARE URGED
Country Banker's Part In JeT elop
ing His Section Described and
Law Aimed to Restrict For
eign Companies Advocated.
Among the interesting" addresses of
Northwest bankers at the recent joint
convention in Ban Francisco was that
cf A- C Shute, president of the Ameri
can National, of Hillsboro, whoso sub
ject was "The Relationship of the
Country and City Banks." In develop
ing his subject he said:
It U with candor that I admit that I am
a country banker and that my field for in
vectlffation Is limited and my Ideals warped
by the narrow field In which I act. but tbr
WEEK'S STATEMENT OP FED
ERAL RESERVE BANK: FOR
TWELFTH DISTRICT.
SAN FRANCISCO, June 12.
(Special.) Increases of approxi
mately 11.000.000 in sold coin and
certificates and $687,000 in net
deposits within a week are shown
Jn the etatement of the Federal
Reserve Bank of San Francisco
for its 30th business week ended
June 11. The statement, issued
today, follows:
Resource.
Gold coin and gold cer
tificates $10,245,000
Lejral-tender notes, sil
ver certificates and
subsidiary coin
Bills discounted and
loans
ITn vestments
Due from other Fed
eral reserve banks...
All other resources....
7,000
2.858,000
1,474,000
1.037.000
1,442,000
Total resources
Liabilities.
Capital paid in
Deposits (net)
$17,063,000
$ 3,933,000
13,130,000
Total liabilities $17,063,000
Gold deposited with
Federal reserve agent
to retire outstanding
Federal reserve notes. $ 2.040,000
1b one subject upon which I feel competent
xxt apeak, and that 1b the relationship existing-
between the banker of the ctty and of the
banket of the country. The country banker
upon occasion Journeys to the city and ac
cepts the hospitality of his correspondent.
He seeks to learn and to acquire from such
association and personal Investigation a
measure of knowledge as to the activities
of the city banker. He calls upon the city
banker for advice and suggestions with re
wpect to the financial world In which the
city banker has hla being and plays his part
But what, may I augest, does the average
city banker know about conditions In the
country, or of the practical side to country
banking? All his knowledge is second
handed and comes to him In a superficial
way.
Why Is not the visitation of "the country
banker to hla city friend followed hy a like
visitation, or at least an occasional one, so
that the city banker can obtain at first
hand an Insight Into the conditions under
m-hich his country correspondent does his
workT
Country Bankers Fart Described.
I urge upon you city bankers who are
lulled to sleep by the feeling of security en
gendered by the contributions of your coun
try correspondents to realize that your own
views are limited by your surroundings and
even though your field of activity may be
large, your ideas may be broadened and
your conceptions enlarged as to the busi
ness methods, demands and financial con
ditions of the entire territory In which you
do business.
It Is up to the bankera to assist In rural
development. Our State Bankers' Associa
tion has already provided funds for indus
trial work among the school children of our
late and, by having approved a plan of the
North Portland Serum Company, made it
possible for more than 300 head of high
grade swine to be distributed to the school
children of Oregon aod Washington. in
many Instances local banks are f urn tuning
the children with the money necessary for
the purchase of swine on 10 months' time
either without interest or at a very low
rate of Interest. This la but one small Illus
tration of the opportunity afforded to assist
In the great work of rural development.
Vpon the whole, the past year has been
a prosperous one for Oregon banks and their
condition Is safe. A more friendly feeling
amnnr Oregon bankers has been engendered
and a better understanding and relation
ship has been brought about. The Oregon
banker today Is no longer a mere money
changer, but a man w ho endeavors to fa
miliarize himself with general financial
conditions, and particularly with conditions
In his own particular community In which
be lives. I am grateful for the assistance
w hlch has been rendered to me tn the ac
complishment and achievement of our asso
ciation during the past year.
New Law Iropaed.
T would submit to you. however, for fu
ture consideration! this recommendation :
That the next measure of import advocated
by the Oregon Association, and by it caused
to be enacted Into law, be a -requirement
upon foreign insurance comiianlrs doing busi
ness within the ttate of Oregon, to rein
vest a certain percentage of the amount re
ceived by them from premiums in Oregon
securities, Puring the present year 93.35M.
:irt were paid by Oregon policy-holders to
foreign life insurance companies, all of which
w an Immediately taken directly from the
statsv
inasmuch as some of these companies dis
criminate against the State of Oregon and
all states west of the Rocky Mountains In
their Investments, they shoxiM be restricted
from dolnr business within the state except
upon terms which will not react In hard
ship to the companies, but yot will require
of them the reinvestment of Oregon funds
in Oregon securities. it sfTorda me great
pleasure to mention the excellent and ef
ficient work of our last Legislative commit
tee, and I would recommend that our next
Legislative committee be appointed for to
yonrs, so as to fully co-operate with the com
mission soon to be appointed, by our Ci ov
er nor.
After the European war has been brought
to a close, which, let us trust, will not be
in the fnr distant future, and the demand
for money h:a become increased, the banks
of the frl'ed States will be the best sup
plied commercial agencies In the entire
.r!d. A merlca. and not France and Eng
land, must soon become the banking-house
-f the entire orM. and It is, therefore, en
cumbent upon the bankers associations of
eiteh state, no matter how Insignificant In
the financial world, to see to it that the
lv o Its state are sufficient to enable It.
v lihout telnK hampered, to play the game
of banking business as it must necessarily
be played In the future.
DALLAS CLUBS TO MERGE
Movement Afoot to Combine Booster
Organisations.
DAIiAS, Or.. June IS. (Special.)
Following the example set by many
other cities of the state, a plan Is now
In the making for the union of the
rallas Commercial Club and the La
Creole Club. The Commercial Club is
the official booster organization of this
city, and leads in all progressive move
ments inaugurated in the county. The
La Creole Club is a purely social club,
to which practically all the business
men of the city belong.
It Is believed that a union of the two
rganisatlona will tend to build up and
strengthen the larger organization.
Committee have been appointed to
draft a plan of actios
ELSIE FERGUSON HERE
IN NEW YORK SUCCESS
Star at HeHig In "Outcast, Supported By Same Company She Had
Daring Six-Month Ran of Play In East.
. ............
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i " ":s li
t MISS E1LSIB FERGUSON. I
IN the London and New Tork success,
"The Outcast," and supported by the
Identical company which appeared with
her during the six months' run of the
play in the latter city, Elsie Ferjruson
comes to the Hellis Theater, Broadway
at Taylor street, for a week's engage
ment beginning: tonight at 8:15 o'clock.
with matinees Wednesday and Saturday.
"The Outcast" is the work of Hubert
Henry Davtes. an English dramatist
who was responsible for "Cousin- Kate"
and "The Mollusc," among other plays,
and is in four acta The time is the
present. The principal characters are
Miriam, an American girl, who finds
herself bankrupt in London, which char
acter is played by Miss Ferguson, and
Geoffrey, a handsome young broker who
COUNTY DEPOSIT ASKED
BANKS BID
FOR AGGREGATE
Institutions Agree to Fay 3 Per Cent on
Dally Balances and Give
Adequate Security.
County Commissioners have received
applications of 17 banks to be desig
nated as depositories for county funds,
the maximum being set at $3,435,000.
The applications have been approved.
Interest amounting to 2 per cent on
dally balances and proper security for
the funds entrusted to tneir care are
promised by the banks.
Institutions, applications of which
found favor with the Commissioners
and the maximum amount each bank
stated they would care to handle were:
Lumbermens National, $750,000; First
National of Portland, $650,000: North
western National and United States
National, $500,000 each; Merchants' Na
tional, $300,000; Ladd &-Tllton. $200,000;
Bank of California and Hibernian Sav
ings, $150,000 each; First National of
St. Johns, Peninsula National and Se
curity Savings & Trust Company, $50,
000 each: Scandinavian-American. $25.
000; First National of Linnton, $20,000;
Bank of Kenton, $15,000; Bank of Sell
wood and Citizens Bank, $10,000 each,
and First Trust & Savings Bank of St.
Johns. $5000.
The Montavilla Savings Bank put no
limit to the amounts it would receive
on deposit, and the Commissioners ap
proved its application up to the amount
of $10,000.
WATER DISTRICT PLANNED
125 Landowners Would Establish
Project Near Prosser.
NORTH YAKIMA. Wash.. June 13.
(Special.) Plans were put into effect
yesterday at Prosser for the' establish
ment of" the Horse Heaven irrigation
dtstrlct. Petition for establishment of
the district were signed by 125 land
owners. These will be presented to the
Benton County Commissioners early in
July, and about August 1 it is expected
the election to create the district and
choose Its directors will be held.
The district includes 100.000 acres of
irrigable land lying in Benton. Klick
itat and Yakima counties on the Horse
Heaven plateau. In connection with the
irrigation of these lands, a 600-foot
drop in the main canal within i
distance of a mile and a half is ex
pected to make possible development
of 60,000 horsepower of electricity.
H. M. Street, of Seattle, is president
of the association which has the plan
in charge.
Stock Dividend Announced.
Frank G. rrum. president of the Pa-
LOANS
Improved Farms
Inside Business Property
Residences
Commerce Safe Deposit
and Mortgage Co.
91 Third St
Chamber of Com. Bldg.
has had an unfortunate love affair, and
with whom Miriam falls in love. Their
positions in life are quite different, as
the man has money and a position in
society while Miriam is what the play's
title would suggest. "The other woman'
in the cAst, as may be surmised, makes
her appearance, and the story has to do
with the heart entanglements of these
three. If there are - occasional te.-rs.
there is also plenty of laughter.
Miss Fergusan, in addition tc the
great success she made in New Tork In
"The Outcast," scored heavily In Chi
cago, where she played a highly pros
perous engagement for two months. Her
tour was to close there, but arrange
ments were made for her to visit Seat
tle, Portland. San Francisco and Los
Angeles, which she will do in the order
named.
ciflc Gas & Electric Company of Cali
fornia, has issued a circular to the
stockholders .. giving notice that the
board of directors will meet June 30
and declare a common stock dividend
amounting at par to 6 per cent of Its
outstanding common stock and that
such dividend shall be issued in two In
stallments, one-half on July 15 and the
balance on December 15. 1915. The divi
dend will be in the form of new com
mon stock, this action having been au
thorized by the Railroad Commission of
California.
LA GRANDE BANKER DEAD
J. B. Thorsen Passes After Opera
tion for Appendicitis
LA GRANDE, Or.. June 13. (Spe
cial.) J. B. Thoreen. 52 years old, for
the past 10 years cashier of the Elgin
National Bank and one of the best
known bankers of Eastern Oregon, died
this afternoon after an operation for
appendicitis and a complication of
diseases. His case has been hODeless
for several days. Dr. Ilocky. of Port
land, was called In Friday for a sec
ondary operation.
About 80 years ago Mr. Thorsen came
to this country from Sweden and carried
hod at Perry. Penniless, he went to
Klondyke in the gold rush, but didn't
strike it lucky and returned to La
Grande and commenced to build up a
fortune for himself. J. V. Scriber.
former La Grande banker, staked him
and he made good, and it was Mr. Thor
sen who unconsciously, by uncovering
some worthless papers, brought to pub
lic attention Mr. Scriber's financiering.
wnicn nan wrecaed ttie farmers and
Traders' National Bank here several
years ago.
Toledo Sawmill to Resume.
TOLEDO. Or., Juhe 13. (Special.)
The Toledo saw mill will reopen In the
near future. In a few days, the logging
camps will also start operating. The
first load of the steamship Bandon
from San Francisco will be steel rails
for the extension of the logging road.
It is the Intention of the Estabrook
Company to put the steamships Ban
don and Fifleld on the run between To
ledo and San Francisco, carrying
freight to Toledo and lumber on their
return trip.
Licenses Granted at Pasco.
PASCO. Wash, June 13. (Special.)
County Auditor L. D. Conrad issued a
marriage license to Russell E. Brock
and Mamie M. Hart, both of Walla
Walla, Wash, on Thursday, and yester
day issued a license to Grover Glen
Gauidin and Myrtle Adeline Wood, both
of Kennewick. and also one to Ar
thur Jacobs and Emma Ingalls, of
Toppenish, Wash.
The
Canadian Bank
of Commerce
HEAD OFFICE
Toronto. Canada.
Established 1867.
A general banking business
transacted.
Interest paid on time deposits.
Commercial Letters of Credit
laoaed.
Exchange on London. Enslnnn,
Bosikt and sold.
PORTLAND BRANCH.
Corner Second and Stark Sts.
P. C MA LP AS. Manager.
BANK RULES FIXED
Federal Reserve Act Aims to
Give United System.
PLANS BEING PERFECTED
Charles S. Hamlin, Governor of
Board, Announces Provision for
Withdrawal of State I nsti tu
itions From Membership.
"A united banking system, embracing
In Its membership the well-managed
banks of the country small and large,
state and National Is the aim of the
Federal reserve act, writes Charles S.
Hamlin, governor of the Federal Re
serve Board. In a pamphlet just Issued,
in which the workings of the new cur
rency system are explained.
"Membership in the Federal reserve
system." he says, "carries with It priv
ileges and guaranties of great value,
not only to the banks themselves, but
to their customers as well. It may be
confidently expected that, with the
further development of the system and
the fuller appreciation by the publio of
its meaning and value, membership
will come to be regarded as evidence of
banking solidity, and that the access
afforded by membership to the facili
ties and resources of the system will
add to the prestige of even the strong
est Institutions; so that in time the
public will recognize in the new bank
ing organization, which Is In process
of realization, two principal classes of
banks those which belong to the Fed
eral reserve system and those which
do not. or "member banks' and 'non-
member banks.' "
Member kip Is Different.
Discussing the relations of National
and state banks to the reserve plan
Governor Hamlin says:
With respect to the matter of status, there
are Important differences between the mem
bership or Rational banKs ana OI state Dana-
Ins Institutions In the Federal reserve banKs.
Membership of Rational banks is not elective,
but is prescribed by the law. So ions as a
bank is a National bank it must be a mem
ber bank. When It ceases to be a member
bank it eeasea by the same fact to be a It a.
tional bank, the law having- provided no
method by -which a National bank can sever
its relations with a Federal reserve bank
except by process of liquidation. All this is
set forth In definite terms in the Federa,
reserve act.
The situation of the state banks is funda
mentally different. National banks are
member banks as a matter of necessity:
State banka become member banks aa
matter of choice. Menberhip in a Fed
eral reserve bank is an incident in the life
of a state institution, not an essential part
of its being;; and Its continued existence as
a state institution would not be threatened
or Interrupted it its membership should
cease, its status being fixed by the laws ot
lta stats, not. as in the case of the National
banks, by the Federal reserve act.
State Bank Plan to Be Settled.
The conditions of membership of state in
stitutions are, furthermore, prescribed only
In reneral terms in the act. the further and
final elaboration of them being; left to the
ederal reserve board, which is vesteo. wita
the necassarv discretionary- authority.
In view of this discretionary authority, the
Board believes it a duty to define clearly
terms and conditions upon which state banks
and trust companies may withdraw from
membership, since otherwise those charged
with the management ot these institutions
might not feel authorized to enter a system
under which by future regulation the scope
of their operations might be restricted. It
U not to be expected that much use will be
made of the withdrawal privilege; lndeea, it
Is the belief of the Board that aa the system
develops membership therein will carry with
it guaranties of safety and security which
will be of inestimable value; at the same
time it recognizes the responsibilities of
those intrusted with the management of the
state Institutions and has. therefore, clearly
defined the conditions upon which any state
institution may withdraw rrom member
ship. -
CREDIT MEN GO TO UTAH
Portland Delegation Joins - Seattle
and Tacoma Parties for Salt Lake.
Joining the delegates from Seattle
and. Tacoma who arrived In Portland
yesterday, the local delegation of Credit
Men left at 11 Vclock by special train
for Salt Lake, where the convention of
the National Association will be held
from tomorrow until Friday.
The party will return by way of
10 Semi-Axinual Interest
p q
TO ON
O
DENOMINATION
$100, $200, $500, $1000
Lumbermens Trust Company
FiftH and Stark Streets
The First National Bank
Fifth and Morrison Streets.
Capital and Surplus, $3,500,000.
A Savings Account is the wisest way to get
something ahead. A Savings Account may
ment is our specialty. We invite your patronage.
The Bank of Personal Service
Courteous, competent Service in every depart
ment is our specialty. We invite your pa
tronage. 4 Interest Paid on Savings Deposits.
Merchants National Bank
Founded 1886. Washington and Fourth Sts.
Portland fiund&y, on the big special
from New York, which is to carry the
Eastern delegates, who attended the
alt Lake convention, to the San Fran
cisco exposition. At that time the visit
ing excursion party of ISO persons will
be entertained under the auspices of
the Portland Chamber of Commerce. An
automobile ride about the city will be
enjoyed in the forenoon and in the
evening Council Crest will be visited.
The visitors will be entertained at
breakfast and dinner at the Multnomah
Hotel. - .
The Seattle and Tacoma delegation
were entertained yesterday at break
fast and taken to Council Crest The
local reception committee included J.
J. Sayer. XV. W. Downard. E. M. Drake,
G. L. Eddy. F. S. McCord. E. G. Leihy
and W. J. Henderson
Portland's delegates were Mr. and
Mrs. W. K. Knapp. Mr. and Mrs. B.
M. Dennlson, E. M. Underwood and
C B. Woodworth.
From Seattle were H. M. Taylor, 8.
A. Rosenfeld, O. L. Woods. C. H. Dodds.
A. K. Matzger, H. F. - Potter, W. E,
Slater, A. G. Foster,. J. S. Ferguson,
W. H. Preston and R. A. Wright.
Tacoma' s delegates were W. A. Evans,
W. T. Davlea and W. Schlarb. Jr.
PROFITS ARE $7,463,231
HARVESTER COMPANY HAS ASSETS
OF 129,260,181.
Business Restricted lay War, bat Do
mestic Conditions Excellent Le
gal Decision Is Appealed.
Net profits of $7,483,231 for the 'year
1914, with a surplus at the end of last
year of $22,972,029, are shown In the
annual report of the International Har
vester Company, of New Jersey, which
has just been made public Income for
the year is given as $12,208,227. Assets
of the company are set forth as
280,181. of which amount $42,267,011 le
property. Net working capital on De
cember 81. 1914, was $56,424,351.
In summarizing operations for the
year it Js asserted that crop conditions
in 1914 were satisiactory. witn an ex
ceptional yield' and high prices for the
farmer. The volume of sales of the
company's product was cut down by
the war and net profits suffered to
some extent.
The strictest econamy. it is saia. was
practiced throughout the entire organi
zation. Current liabilities were reduced
to the amount of 4,70u,quo. in me
latter Dart of the year, the reduction
in export orders, due to the interrup
tion of European business, necessitated
running the works on much shorter
.hours with smaller forces. Stockholders
of the company number 7018, of whom
more than half are employes.
The decision of the United States
District Court against the company on
August 12, 1914, is referred to In the
reDort as follows: "Judges Smith and
Hook, while exonerating the company
from all charges of wrongful or op
presBive trade practices, held that the
original organization and the resulting
lurtre Dercentage of tne traae in har
vesting machinery violated the Sher
man law. Judge Sanborn vigorously
dissented. The case was promptly ap
pealed to the United States Supreme
Court, was argued there on April 7-9,
1915, and now awaits decision."
Recent Bond Sales Listed.
Red Lodge, Mont. Bonds in amount
of' $9000, authorized for erection of
manual training and domestic science
building for city school, system, have
been sold to Central Savings Bank &
Trust Company, Denver. Bonds run
for 20 years and bear 5 per cent inter
est. Bid of Denver bank was par and
accrued Interest, blank bonds and $11
premium.
Ilwaco, Wash. School directors, J. A.
Howerton and C. H. McKinney. district
25, have awarded issue of $27,000 bonds
to State of Washington at par, with S
per cent interest.
Lebanon. Or. Council awarded Sooth
Main street improvement bonds to First
National Bank of Lebanon at par and
accrued interest: $2418.68 amount of
issue.
Saanich, B. C. R. C. Mathews & Co.,
Toronto, will purchase Saanich paving
debentures. Will take $150,000 of issue
at 89.
Boise, Idaho The $5000 bond issue
authorized by District 7, the Belfry or
Valley "View School, were sold to Sweet,
Causey, Foster & Co., of Denver, at par
less $84 attorney fees, 6 per cent in
terest. Seattle, Wash. Dexter Horton Na-
Municipal Bonds
INCOME TAX EXEMPT
Reasons
Why You Should
Have a Bank Account
Your payments are systematized; loss
of money by theft or carelessness is
prevented; you always have the right
change; each check shows date,
amount and payee; paid check is a pos
itive receipt; the bank gratuitously as
sists you to keep your books; mer
chants prefer that you pay by check;
checks are clean, safe and convenient;
it adds to your business prestige.
Let us open an account for you today.
Lumbermens
National. Bank
Fifth and Stark.
That First $1000
was the foundation of each of
America's great fortunes.
The way to get it is to save and
deposit in our SAVINGS DEPARTMENT.
Liberal Rate of Interest Paid on Savings by
The United States National Bank
Third and Oak Sts. Portland, Oregon
Capital and Surplus, $2,000,000.00
tional Bank has been awarded J100.000
bonds of Seattle commercial waterway
t Our Facilities for Handling
Your Account Are the Best
You "Will Find the Service
Rendered Is Unexcelled
THE
Northwestern
SIXTH AND
THE BANK OF CALIFORNIA
NATIONAL ASSOCIATION
ot San Francisco. Founded 1S64
Capital Paid in.. $8,500,000.00
Surplus and Undivided Profits $8,131,242.14
Commercial Banking. Savings Department.
PORTLAND BRANCH
Third and Stark Streets
TRAVELERS' GCTDE.
FRENCH LINE
Comptvgnle Generate TraoMtlJtBtlqne.
POSTAL. SERVICE.
Sailings from NEW YORK to BORDEAUX
ROCHAMBEAU . June 19, 3 P. M.
NIAGARA June 26. 3 P. M.
CHICAGO July 3, 3 P. AL
ESPAGNE July 10, 3 P.M.
FOR INFORMATION APPLI
C. V. KtlDB. at A- W- Cbartton.
Z5S Marrinoo t.s sC M. Xsylor. C M. A bJU
1' R,.; Donrr U. Sitiilb, L16 3 (J SU; A, C
Kbeldon. 100 Sd st.l Ii. Ulckson, Waste
inzton St.: North Bank Boaxl. 6tb and Stark
tta.1 F. S. Metal-Land, 2d and WafbJngtoa
sts. i E. B. Dulfy. li 3d ft- Fortland.
SanFrancisco
SANTA. BARBARA. I.OS ANGELES
AND SAN DIEGO.
S. S. ROANOKE
SAULS WED, JUXE 16, 6 1. M.
COOS BAY
A?D EUREKA
S. S. KILBURN
SAILS MONDAY, JVSR 14, 6 F. 31.
NORTH PACIFIC 6TEAM6HIP CO.
Tlekat Ofiica
1S2A Id St.
Main 1114. A 131
Frclrht Offlca
Foot Xorthrup St.
B'dwr 6203. A 6422
c
American-Hawaiian Steamship Co.
Express
Frellht
Service.
C. D. Kennedy Aft.. i'.O Stark St., Portland.
AUSTRALIA
NEW ZEALAND AND SOUTH SEAS.
Regular, through sailing for Sydney via
Tahiti aod Wellington from San Francisco,
Juno 23. July 21. August 18 and every
days Send lor pamphlet.
Colon Steamsbip Co, of New Zealand, Ltd.
Office SIS Market tfrt. Huh xTanelaco,
or local S. b. and IU ii. taenia.
Between
ElSaWI Portland
wL V Nw Vork
y ,rJ Boston.
district No. 1. Bid waa par for 8 par
I cent bonds.
National Bank
MORRSON
TRATEtEBS' CgltlE.
San Francisco
Los Angeles
(Without Chance En Rente)
The Big.
Clean,
Com t ortable,
bllcnscly Appointed,
beaKolna: Steamahlp
S. S. BEAR
Ealln Frsm Alnavrorth Dock
A. M JU.E 16.
IOO Golden Miles on
Columbia River.
All Rate Include
Berth and Meal a.
Table and Service
Unexcelled.
''be San Fraaetace Portland S. B.
Co, Third and WuUacws St.
with U.-W. II. A . Co.1 Tel.
Broadrrar 4500, A 121.
NortH Bank: Rail
26 Hours Ocean Sail
tileck. Triple bcrtw. 24-k.not
Palatial S. S.
-NOIMlii.lt.. PACIFIC."
SAN FRANCISCO
LOS ANiELKH AND SAM DIEGO
June 18. 20, 24, 28.
Eteamer train leaves North Bank station
9:39 A.M.; lunch aboard ship- b&t. arrives
San Francisco 3:30 P.M. next day.
EXPRESS SERVICE AT FREIGHT RAT3.
NORTH BANK TICKET OFFICE,
Phonos i Mar. 820. A 6671 Stb and Stark
COOS BAY LINE
Steamer Breakwater
Sails Front Alnaworth Duck. Portland,
every Thursday at A. M. Freight and
Ticket Office, Ainaworth Dock. Paonea
Main SttUO, A 2332. City Ticket Office.
SO th St. Pbonea Marshall 4500, A 0131.
PORTLAND fc COOS BAY S. S. LIXE.
DALLES-COLUMBIA LINE.
Steamer State ot Washington
LtAvw TayHir-&t- dock a ally except Biau.j,
11 P. M. for Tn Dalle and way UJadlng.
rarry.ti j. freight and pttwtagera, Rvtarnin.
leaves The uall dally, iit ooa. exoepc
Mouu. Tal. xaia 613. Far 41, berth
1