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"