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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 21, 1917)
THE MOHXIXG OREGONIAN. THURSDAY, JUNE 21," 1917. II PAR EXPECTED FOR STATE ROAD BONDS Market Improves for First Class Municipals, Now Lib erty Loan Is Placed. DRIFT IS FROM MORTGAGES Moratorium on Debts of Men in Mil itary Service Discourages In vestment In Certain Classes of Investment Bonds. Despite the present apparent depres sion in the municipal bond market, leading bond dealers in Portland be lieve that conditions will so improve within the next few weeks that the proposed sale of $1,000,000 worth of state highway 4s can be sold at par, or better. It is probable that if the road bonds were placed on sale today, or within the next week or two, they could not command par. Any sale of 4 per cent bonds at more than par obviously would reduce the net return down toward the 3 per cent mark. And it is Just as obvlouB t'nat any Investor who has to take much less than 4 per cent for his money would rather have Government bonds than municipal. The enormous oversub scription to the liberty loan last week Indicates that there is plenty of money In the country seeking investment at V4 per cent. Municipal stay Bold T7p. Tt seems certain now that the Gov ernment proposes no action that will subject municipal securities to the in come tax or an;- other form of taxation. Under these circumstances first-class municipals should seek the level of the liberty bonds. On account of the sentimental value of liberty bonds and the fjrm conviction that no security is as good as Gov ernment security, no one expects the state highway bonds or any other municipals to to lo a 3 per cent basis. The future status of the municipal bond market probably will be deter mined to a large extent by the forthcoming- sale of New York City 4s, of which an issue of J4. 000, 000 has been authorized for Immediate marketing. If these bonds go above par, it will be readily apparent that the market will sustain such a level and the Ore gon state highway bonds and the Port of Portland elevator bonds also will be in position to take a premium. Mortgage Loans Avoided. discriminating Investors and all in vestors are discriminating also are beginning to view certain classes of mortgage bonds with more or less uneasiness on account of the morato rium granted by the Legislature in favor of soldiers and sailors. This measure was introduced in the last Legislature by Senator Wilbur and passed. It provides as follows: Section J. No suit or action shall b com. me-iced or maintained, during the period hereinafter provided for. to foreclose any mortgage upon real property, or to collect the deht secured thereby. If the land cov ered by the xhortg-age be owned, wholly or in part, by an enlisted man in the Army or Navy of the United States, -who shall have cnllpted therein in the volunteer forces or who shall have been enlisted in the Na tional Guard of the United States and of the vtate of Orejron and hla organization called Into the service of the United States; and the lands of any such soldier or sailor shall be exempt from Judicial sale for the satis faction of any Judgment during the period hereinafter provided for: provided, that this moratorium shall extend only during the period of actual service in the Army or JJavjt forces of the United States, and in no case shall begin prior to the day on which the Congress of the United States hail declare war. nor continue after 60 days subsequent to the conclusion of such war; provided, that all statutes of limita tion In effect In the state of Oregon shall be suspended during the period above de scribed, as to the mortgages, debts and Judgments In this act described. By waiting for the market to re adjust Itself after the temporary con fusion resulting from the whirlwind liberty bond campaign, it is confidently believed that the state highway bonds can be sold to good advantage. TENTATIVE BOND OFFER MADE Some Paving Tills Year Possible Under Bonding: Plan. SALEM, Or.. June 20. (Special.) In formation received here indicates that no difficultv will be experienced by the State Highway Commission in dis posing of the first Jl, 000, 000 worth of bonds which are allowed to be sold under the $6,000,000 bond issue act passed by the people at the recent spe cial election. It is understood that an Kastern firm already has forwarded a satisfactory offer for such bonds. An abstract of the proceedings is now being prepared, and it is possible that something may be accomplished this year in actual paving work under the bond issue bill. Sale of the bonds will be necessary first, but from present indications the State Highway Commission will be con fronted with none of the conditions that existed in regard to the sale of rural credits bonds, and it is believed that par bids at least can be readily obtained. . The State Highway Commission is awaiting with interest the decision of the Supreme Court on the question of how much of a bond Issue is per- For the Up-standing Man at the front, in the trenches, on the firing line in any business, the best food to sustain energy and strength is Shredded Wheat Biscuit, the food that sup lies in a digestible form the greatest amount of body building nutriment at lowest cost. A better-balanced ration than meat, or eggs, or potatoes. Two or three of these Biscuits with millc make a satisfying, nourish ing breakfast that puts you in top-notch condition for the day's work. Delicious ly wholesome and nourish ing for any meal with berries, or other fresh fruits. Made at Oakland California- mlssible under the Bean-Barrett act. This decision may come down next week, although It may possibly be de ferred a little longer. SON TRACED BY DISPATCH Portland Boy Is With Lafayette Flying Corps In France. An Associated Press report in The Oregonian Tuesday was the first word Millard M. Johnson, night supervisor at the rim Military Academy, has had from his son, Archibald Johnson, in more than two years. The dispatch from Paris stated that his son. who is a member of the Lafayette Flying Corps, which Is composed mostly of Americans, had been made a sergeant after a gallant fight single-handed against two German airplanes, in which his machine was riddled with bullets. Prior to reading the dispatch in The Oregonian, Mr. Johnson last heard from his son from Mexico. FORESTRY OFFICIAL VISITS A. II. Cousins, Now Stationed at Ogden, Utah, Is On Trip North. A. H. Cousins, formerly district fiscal agent of the Forestry Service, with headquarters in Portland, is on an offi cial business trip to the Northwest, ac companied by J. C. Falck, property auditor, of Ogden, Utah. Mr. Cousins now is property assistant of the Fores try Service, and make his headquarters in Ogden, Utah. He left Portland after eight years of service here on January 1, and this is his first trip since to the Pacific Northwest. He expects to remain here several days before going further north. BOARD WAITS ON COURT Highway Commission May Have Next Session in Portland. The State Highway Commission prob ably will hold its next meeting in Portland, and the date will be imme diately after the day on which the State Supreme Court hands down its decision as to whether the $1,800,000 in bonds provided under the Bean-Barrett bill separate from the $6,000,000 bond issue approved by the voters may be used by the state to match the $1,800. 000 in Federal funds to be available under the Shackleford act. Contracts for road work aggregating $1,000,000 will be let in the near future. $1400 IN JULY 4 FUND Celebration Plans to Be Discussed at Committee Meeting Today. Fourteen hundred dollars will be spent in giving Portland a rousing Fourth of July celebration. The City Council yesterday appropriated $500. the Board of County Commissioners will appropriate $500 at its meeting to morrow, and these amounts will be placed with $400 already In the Fourth of July fund. A meeting of the general Fourth of July committee named some time ago by Mayor Albee will be held in the Council chamber at the City Hall at 4 o'clock today to discuss plans. It Is proposed to have a big military tour nament, a sports tournament and the opening of the public Auditorium as the day's features, with street dancing in various residence districts at night. BAKER AND BARBUR RESIGN Private Citizens on June 30 Will Qual ify for New Offices. Mayor-elect Baker and City Commissioner-elect Barbur tendered their resignations yesterday. City Commis sioner and City Auditor, respectively, to take effect June 29 at midnight. Bach filed a $25,000 bond and both were approved. On June 30 they will qualify for their new offices. Commissioner-elect Mann will qualify as soon as he returns to the city. Dan Kellaher will not have to qualify until after July 1, as he will be ap pointed to fill Mr. Baker's vacancy. Baggagemen Ask Shorter Hours. SALEM, Or., June 20. (Special.) Train baggagemen on the O.-W. R. & N. have complained to the Public Serv ice Commission that they are employed too long hours, and ask If steps can be taken - to obtain shorter hours of employment for them. The particular complaint comes from the run between Portland and Green River, Wyo. The men complain that sometimes they have as long as 40 hours' continuous service, while their average employ ment is 10 hours and 26 minutes a day. PRIMA DOJfKAS OK 1XCHES SEEN IX M1DKETS' SHOW AT PANTAGES. f& J-'i' A-:' . ::: :: f - i .... J V Dora Vleg. Equestriennes less than three feet tall and regal prima donnas of Inches are to be seen among the wonderful Singer Midgets, a collection of some SO little people who lead the programme of the wonderful 191? Pantages road show at the local Pantages this week. Anna Keider is the small est equestrienne in the world, yet she Is a wonderful rider. Large horses being out of the question, 15 tiny Shetland ponies are pro vided for the act which was the success of the. great New York Hipodrome spectacle, "The Wars of the World" and later the sen ration of Hammerstein's Victoria, New York. Two of the smallest elephants in the world are in the act and any number of diminu tive dogs. We Give S. & H. Green Trading Stamps With Purchases Amounting to 10c or More Stamp Books Redeemed in Cash on Fourth Floor Lawn Swings, Couch Hammocks and Outing Needs, Fourth Floor Summer Furniture, Grass Rugs, Coolmor Porch Shades, 3d Floor lae Luncheon tn Uur 77 Standard Store of the Northwest ' 1 Kodaks, Cameras IP1. Jcnnm. I k"S 1 TTrT m rOirr I Fourth Floor aw- .au m. mam A cool, restful place to dine with your friends. Service from 11:30 to 2:30 daily. "Afternoon Tea served from 2:30 to 4:30 P. M. im ' tram tm - " jm m uia.So vv or cm Reliable Merchandise- an Reliable Methods Take a Kodak with you on your vacation trip. We show them in all styles and sizes. Developing, enlarging, framing and color work. Prompt service. Reasonable prices. Vacation Sale of Women's Waists 2d Floor Sale of Beautiful Philippine Hand-Embroidered Undermuslins Women's Nightgowns $225 to $430 Chemise $225 to $3.75 Center Circle, First Floor Daintiest of garments for bridal gifts or personal use. Each piece is hand embroidered and hand sewn and the materials of very fine quality. Don't fail to attend this special sale of Undermuslins at the Center Circle, 1st Floor. tttm - are shown in ' many attractive styles in slip-over effects with round, square or V necks and kimonos or set-in sleeves. Hand-embroidered designs, yoke and sleeves. The sale prices range from $2.25 up to S4.90 are shown in the popular en velope style with hand-scal loped and hand-embroidered tops and bottoms. Sale prices range now from $2.25 on up to $3.75 Chemise Band-Trimmed Sailor Hats $5 to $15 Millinery Department Second Floor Special showing Thursday of beautiful new white or black Mi lans the hat of the hour for mid summer wear. Especially smart for sport, street and outing. Lat est sailor shapes. Extra quality Milan straw. White or black trimmed with band of grosgrain ribbon in self color. $5.00 to $15 Outing Hats Special $1.50 Second Floor Special assort ment of the popular styles in medium and large effects. Un usual values in this offering. $10.00 Waists $7.95 $29.75 Waists $22.95 Second Floor A disposal . of high-class Waists from our regular stock one, two or three of a kind. Beautiful models for street and evening wear, made up in crepe de chine. We also include fine voile Waists and smocks of Georgette crepe and crepe de chine. Good assortment of new shades. $16.50 Waists $12.95 $19.75 Waists $15.00 $21.00 Waists $16.45 $21.00 Waists $16.85 $25.00 Waists $19.50 $29.75 Waists $22.95 $10.00 Waist3 $7.95 $11.75 Waists $9.35 $12.50 Waists $9.85 $12.95 Waists $10.00 $13.75 Waists $10.85 $14.50 Waist3 $11.45 Lingerie Waists $1.98 to $8.75 Second Floor Warm days have created a brisk demand for cool, sheer Waists. Thursday we will feature a special showing of dainty sheer lingerie Waists plain and fancy voiles, organdies and batistes also tailored styles of linen and madras. All have the newest large sport collars and are handsomely trimmed with embroidery, laces, tucks, etc. Shown in all sizes. The prices range from $1.98 on up to $8.75 Coverall Dresses, Special 79c Tub Petticoats, Special 79c Coffee Day Model Grocery Fourth Floor 40c OWK Imperial Roast Coffee of delicious flavor and OQ aroma, special price, pound OWK Cocoa on sale on OFT Thursday at special, pound tlC Order your provisions for beach and camp here and save money. We give S. & H. Trading Stamps. All Refrigerators at Special Prices Special Bargains tn Garden Hose Debt-3d Floor Bargain Circle, First Floor Women's Coverall Dresses in a special sale Thursday. Made up in checked ginghams and figured per cales. Square or V necks. Front and side fastenings, with belted waistline. Trimmed with Qf piping. The sale price is Bargain Circle. First Floor Wom en's Wash Petticoats, specially priced for Thursday. Good qual ity ginghams and ripplettes in neat stripe patterns. . Made with deep flounces, some are trimmed with narrow ruffles. Priced spe- f7fi cial for this sale at only 'fC $18.60 Refrigerators at $14.90 Third Floor Our entire stock of Refrig erators now on sale at special low prices. All $18.60 All $22.25 All $27.00 All $34.20 All $36.00 All $42.00 Refrigerators priced $14.JM) Refrigerators priced $16.70 Refrigerators priced $20.25 Refrigerators priced $25.38 Refrigerators priced $26.45 Refrigerators priced $:I0.75 Refrigerators priced $28.00 Refrigerators priced $31.50 50 feet -inch, 6-ply &rr "J Q Red Rubber Hose now D X 50 ft. H-in. best grade g? OQ Cotton Cord Hose now tiUi 50 ft. -inch, 5-ply OP black rubber Hose at DtJOD 50-ft. -in. best grade J rjj? Cotton Covered 'Hose at 9D 4 tJ $10.50 Boots At $7.98 Main Floor Women's laced or button Boots of white, ivory or gray kid. 8-inch tops, half Louis heels covered, or of white ivory leather with aluminum plates. "Elite" narrow-toe last, plain or imitation tip. All sizes QQ $9.50 to $10.50. Pair 3 JO $5.00 Pumps $.95 Main Floor Women's Pumps and Low Shoes of kid, patent colt or dull calf. Regulation styles, Mary Janes and novelty strap ef fects. Low, medium and high heels. Narrow or wide toes. Low Shoes worth up to $5, QO QfT sale price for these, pr. D&.JtJ fuel oil expensive: Heavy Consumers Turn to Coal as Substitute. RESERVE STOCKS ARE LOW Trans-Mountain Kailroads Are Ex pected to Turn to Electricity for Power if Coal and Oil Do Not Go Lower. Increasing prices of fuel oil are caus ing the railroads and other heavy con sumers to substitute coal, with the re sult that the price of coal threatens to increase before next Winter's de mand sets in. The O.-W. R. Sc. N. Company, which has long burned ol in Its passenger locomotives, already has converted its engines Into coal burners. The Portland School Board, which has burned oil in some of its newest and largest buildings, is figuring on sub stituting either wood or coaL Some of the biggest office buildings, too. are contemplating the change. Un less the price of oil drops the volume of coal used here during the coming Winter will be enormous compared with former years. But the price doesn't appear likely to do anything like dropping. It threat ens to advance, if anything. As a matter of fact, the Standard, Associated, Union and other big oil distributors refuse to take contracts for big lots at the present prices. They are not willing to contract for more than a few weeks ahead. Crude Oil Doubles In Price. The price of crude oil has more than doubled in the last year. A year ago the railroads were getting it at 65 cents a barrel. Now they have to pay $1.40 and J1.S0. At these latter quotations the rail roads cannot afford to burn oiL De spite the fact that they must go to a lot of expense to make the substitu tion, the railroads find it cheaper to burn coal than oil at 31.50 a barrel. A barrel of oil is equivalent to a ton of coal, and the railroads can get coal much cheaper than $6 a ton. Other conditions being equal, nearly all consumers would rather burn oil than coal. It is easier to handle, cheaper to handle and is subject to a minimum of loss. And. so far as passenger service la concerned, oil-burning locomotives re move a source of more or less constant objection cinders. So it is apparent that it was not until the economic pressure became ex tremely great that the carriers resorted to the coal substitute. Southern Pacine Owms Fields. The Southern Pacific has not yet been forced to use coal on any of its trains because the company controls the As sociated Oil Company in California, whence it obtains its supply. But it is reported that even the Southern Pa cific will find it cheaper, after a while, to use coal. It Is understood that some oil com panies are depleting their surplus stocks very rapidly, and that they are com pelled to call upon their competitors for supplies. In several cases, it is re ported, producers, caught short, were forced to pay current prices lor oil that they sold, under-old contracts, at much lower prices. Fuel is one of the biggest Items of expense In railroad operation. The steady growth of this item cannot help but turn the attention of railroad di rectors toward the most potent fuel substitute electricity. The marked success that has attend ed the electrification of the St.' Paul system's lines across the Rocky Moun tains makes it almost certain that other roads will resort to electrification as rapidly as they can finance such under takings. Roads like the Union Pacific, Great Northern, Northern Pacific and others operating through the West where waterpower is cheap, all will be using electricity within the next 10 years un less the price of coal and oil go down far below their present level. W. J. HENREGI IS SUICIDE PRIVATE IX 14TH IXFAXTRT, DE SPONDENT, SHOOTS HIMSELF. CHURCH MAKES 1 Soldier Addresses Note to Hla Father Implying Act Waa Dae to Diffi culty In Learning: Drills. W. J. Henrlcl. aged 30, a private in Company F. Fourteenth U. S. Infantry, committed suicide by shooting himself through the head in a room at the Wa bash Hotel, 204 Madison street, early yesterday. Henrici was a brother of Captain Rudolph Henrlcl, of the steamer City of Ridgefield, and a cousin of Captain Thomas Reeder, of the steamer Sarah Dixon. Henrici went to the hotel Tuesday night. At 7 A. M. yesterday Charles Anderson, bedraaker at the hotel, saw him fastening the door shut with a chair, which he braced against the doorknob. Anderson looked over the transom early last night and saw the body lying on the floor, with a revolv er close by. Henrici wrote two notes, one to Mrs. Reeder and another to bis father, W. E. Henrici, of St. Helens, telling of his intent to kill himself. The note to his father implied that his act was due to difficulty in learning the Army regula tions and drllL The latter note follows: "I am ao slow learning that I am going to leave the Army. I have got nothing to fight for, anyway." It waa not signed, and was found In a pocket of the dead man's uniform. Henrici enlisted in Portland two weeks ago. The body was taken to the morgue by Deputy Coroner Smith and Patrolman Maxwell, who investigated the case. Henrici also Is survived by a sister, Lena Dernman, of St. Helena OFFICIAL COUMT COMPLETE Figures on Election of June 4 Given by Auditor Barbur. City Auditor Barbur yesterday com pleted the official count on measures voted on at the city election June 4. The official count on measures not heretofore given follows: Jttney franchise Na 1 Tea, 26,438; no, 18.5S5. Jitney franchise Na 2 Tea, 26,223; no, 18.445. Jitney franchise No. 3 Tea, 25.939; no. 1S.3H5. Jitney franchise to Llnnton Tea, 28,864; no. 15..102. Playground measure Tea, 81,257; no. 13.422. Grain elevate Tea, 84,641 : no, 12,ll4. Orarte croaeina Ya. 18.9S8: no, 20,Rft. Ptret extenaione Ys. 17,154: no, 22.645. Joint sewera Tee. 22.978; no, 17,7-'0. Saal redemption T.oa iX2o, no, 14,847. Christian Denominations Hold Union Meeting. MEMBERS HEAR ADDRESSES Rev. C. V. Swander Tells Church men Tbat It Is Tbelr Duty to Give One-Tenth of Tbelr In comes to Christ's Cause. At a union meeting of delegates from all the' Christian churches of the city held yesterday in the East Side church reports showing a steady growth and progress were heard at the afternoon session, and in the evening the prin cipal feature was an address on "Christian Stewardship," given by Rev. C. K. Swander, state superintendent of Missions for the Christian Churches of Oregon. Dr. Swander advised the church members to give one-tenth of their in comes to the cause of Christ and righteousness. He said: "Church finances are the most troublesome things with which a church has to deal. By what right attach to stewardship the obligation to Increase that which God puts in our hands; the obligation to use them honestly; the obligation of a final ac counting for our use of God's property. "Third, the rightful owner of a prop erty has both a moral and a legal claim to a share of the Increase thereof. We recognize this when we deal with each other; but in dealing with God we give him what is left. Renters should pay rent before taking anything for self. What Is God's share? I answer: A tenth. It was recognized by all the nations of antiquity. It is not exorbitant, as is shown by our own dealing with each other. It would provide plenty for all the needs of the church." Interest tn Charva Reported Rev. R. H. Sawyer, pastor of the East Side Church, welcomed the dele gates and reported on the Increasing Interest shown in his church. The sisterhood of which Mrs. C. A. Ward Is president served dinner to the delegates. Short talks were given by Rev. H. H. Grlffls, Rev. J. C. Ghormley and others. v. Rr, C. F. Swander, State Snper- t Intendent of Mlsalons of Carls- 7 tlan Churches. Who Spoke In I East Side Christian Church 4 Last Nlaht. 4 4 ......... does God demand a portion of our hard-earned Increment? Man Is Only Renter. "First, God la the sole owner of all material things. It was his originally by rlgttt of creation. He has never surrendered his title to a single thing. "Second, man is only a renter. trustee, a steward of the things God owns. He is the absolute owner; man Is only the possessor, having a vested intexest in them. Three obligations TEACHER WANTS TO SEW Canadian Woman Asks for Work to Pay for Board While Here. A Canadian school teacher, 40 years old, has written the Portland General Committee that she wants to attend the National Education Convention, and will do housework or sewing for her board and room while here. She says she has sufficient money to pay her railroad fare, and feels a great interest in the meeting because of its patriotic char acter. The committee hopes that some Portland family will take this teacher Immediately. The Oakland, Cal.. Chamber of Com merce has declared Its intention to send a special tralnload of teachers to the convention. AVIATOR'S QUOTA FILLED Few More Sailors Will Be Accepted In Oregon Naval Militia. Upon receipt of advices from Wash ington, D. C, last .night. Lieutenant Harold C. Jones has ordered that no more aviators-be recruited for Second Division. Oregon Naval Militia. The diviaion is practically complete, but a few more sailors will be accepted and men desiring to go Into the division should see Ensign Robert Munly at 106 Fifth street. Immediately. Today Chief Teoman McDonald will begin issuing .outfits to naval militia men at the militia headquarters in the Armory. A squad of the Second Divi sion men will act as an escort for the Navy men, who leave Portland tomor row at 6 P. M. for active duty. Frank T. Griffith In Washington. OREGONIAN NEWS BUREAU, Wash ington. June 20. Frank T. Griffiths, president of the Portland Railway, Light A Power Company, was In Wash ington today and called on Senators Chamberlain and McNary. He left to night for Philadelphia on private business. Sandy Couples Get Licenses. OREGON CITT, Or., June 20. (Spe cial.) Marriage licenses were Issued here today to Emma T. Holz and Will lam C. Carow. Sandy, Or., and Anna E. Miller and Henry Wewer, of Sandy.- It helps one to keep in good condition to have a daily ration of FOOD The entire nutriment of wheat and barley, and the mineral salts of the grain, all combine to make a delicious food, easy to digest, and a wonderful upbuilder of body, brain and nerves. it There's ef Reason"