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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 20, 1919)
1"IIE MORNING O It "EG ONI AN, MONDAY. OCTOBER 20. 1919. 13 Slid le NEEDED FDR LIVESTOCK SHOW 3-Day Stock-Selling Drive Isj Organized. tate and the P. C. Warren estate, com prising: approximately 220 acres and having about 1800 feet frontage on the Columbia river and about 4400 frontage on the Sklpanon river in Warrenton. It is understood the purchase is to be made on behalf of a large New York industrial corporation which proposes filling in the land and estab lishing a new industry on the Pacific coast that will employ several hundred men. News of the deal has been well received by members of the port of Astoria commission and the residents in this territory who have been active in preparing Warrenton property and the river channel for real development. CIVIC BODIES IN CAMPAIGN Work of Obtaining Funds for Pa cific International Kxposi lion to Begin Soon. All preliminary organization work for the intensified three-day stock selling drive to be inaugurated Oc tober 27 for the Pacific International Livestock exposition by the allied civic organizations of the city, have now been completed by Financial Chairman John L. Etheridge and Campaign Director Milton L. Klepper. The committees- assigned by the chamber of commerce, Portland Ad club. Rotary club. Realty board and Progressive Business Men's club will get together for a lunch at the Tran sit House, North Portland, at noon next Wednesday and following the luncheon will visit the Pacific Inter national's big, unfinished building, which covers seven and a half acres of ground and which will be filled to capacity by the aoOO pure-bred ani mals that have been entered from all over the Pacific slope and British Columbia, for the 'Pacific Interna tional's ninth annual stock show. No vember 17-22 inclusive. To finance the completion of the big pavilion, the building committee obtained loans from the banks of the city, and it is for the purpose of repaying these funds and placing the Pacific International on a sound fi nancial, footing that the allied clubs will conduct their stock-selling drive and enlist the business and profes sional men of the city as stockholders in the Pacific international educa tional and developmental undertak ing. "Finish the Job" Is Slogan. "Finish the job" is the slogan of the campaign, which is expressive not only of the urgent need of com pleting the pavilion, but also of the obligation to finish the fund-raising campaign started early last spring to place Portland's quota of Pacific In ternational stock, which was sus pended in order that a clear field might be given the victory loan drive in May. Portland's quota is based on the "fifty-fifty" agreement, by which it was agreed that Port land should match, dollar for dollar, all subscriptions made from outside points. Subscriptions aggregating about $100,000 have been obtained in Portland, and an equal amount was raised by breeders, farmers and busi ness men throughout the northwest and from points in California. At least $100,000 more is needed to com plete the huge structure and to equip it properly. The campaign Is being continued throughout the state, and the allied clubs will endeavor to raise the bulk of the $100,000 in Port land. Personnel in Announced. The personnel of the Pacific inter national's drive is as follows: General finance committee E. G. Craw ford, chairman; A. L. Mills, Edward Cook inffham. John L.. Etheridge. Julius Meier, William McRae, Emery Oimstead. Adolph Wolfe. W. f. Olds. Finance campaign committee John L. Ktheridge, chairman; Milton R. Klepper, campaign director; George A. Lovejoy, chairman flying squadron; Mrs. William P. Strandborg, publicity. Portland Ad club coramlttoe W. D. DeVarney, chairman: E. N. Strong. W. 8. Kirkpatrick, Char'es F. Beebe, J. L. Bow. n;an, Will A. Knigrtt. H. W. Kent, J. W. Hill, Phil B. Jennings. Arnold Cohen. Kiwanls club committee J. G. Meeko, chairman; H. S. Anderson, Samuel M. Voscs. H. M. JMIsbet, H. C. Ppwnall, H. U. Rued, William Koehler. K. C. Forbes. John W. Kennedy. J. R. Halht. Portland Chamber of Commerce commit tee -J. I). Abbott, chairman; C C. Colt. W. C. Culberson, George Lawrence Jr.. H. K. Ryder. Robert F. Maguire. Frank Wood ard. J. Fred Larson, Hugh G. McBlair. Clark E- Nelson. Progressive Business Men's club com mittee E. E. Edmunds, chairman; J. P. Jaeger. H. R. Blauvelt, Sidney C. Rasmus jen. E. W. Pease. L. R. Wheeler. S. W. i.p.wrence, H. Girrarit Efflnger, J. H. )un dore, George 1.. Rauch. Portland Realty Board committee George E. Englehart. chairman: Coe A. McKenna, A. U. Teepe, John H. Gibson, George P. Henry. A. H. Hickman, W. W. Ferguson. Philip V. W. Fry, G. L. Rees, C. E. Cunningham. INSTITUTE AND FAIR HELD Teachers and Pupils Have Interest ing Meeting at Wasliougal. WASHOUGAL, Wash.. Oct. 19. (Special.) Teachers and pupils of Washougal and surrounding school districts, in- co-operation, with the grange, held an institute and chil dren's fair here last Friday. Speak ers from state schools and county officials gave addresses and the chil dren's fair was held in the gymna sium afterward. H. B. Stevens of Ellensburg spoke cn "Americanization." Mr. Newhouse, Clarke county farm expert, pleaded for better stock in the dairy. W. E. Dunley, in charge of the children's club work of the county, urged the children to keep on with farm and garden work, stock-raising, canning, etc., while Mrs. Stowe emphasized the necessity of proper nourishment for children. In the children's fair there was a fine display of garden vegetables and canning the work of children's clubs and Individual youngsters outside of the clubs. Many premiums were awarded. ABERDEEN TO HAVE CLUBS Boys' Organizer for Community Service Will Outline Plan. ABERDEEN, Wash.. Oct. 19. (Spe cial.) A massmeeting for all young men and boys of Aberdeen has been called for Wednesday night at Lib erty auditorium. At this meeting plans for organizing clubs, athletic teams and other recreational groups of young men and boys will be out lined by George Flynn, boy's organ lzer for the community service. The decision to authorize Mr. Flynn to organize recreational activities among the local boys was reached when the success attained in sim ilar organization for girls locally was seen by the community service execu tive committee. Mr. Flynn has been active in the organization of boys' work in other communities of the country. FLOUR MILLS NOW mi riii i nDrDHTinm t III I ULL Ul LimitUlliilrr A ! s. --2; It 3 Northern Company Vancouver Plant. LIBERTY BONDS ri j. ' ft First National of Pendleton Plans Sew Home General Trade Holds I'p Well. STOLEN BONDS RESTORED Loot Returned to President of Bank at Asotin, Wash. Bonds and war savings stamps held by the Portland authorities as a part of those stolen from the Asotin. Wash., bank when the safe was blown on September 30 have been identified by E. Baumeister, president of the bank, and District Attorney Evans ordered the loot restored to him. A total of $25,992, principally in bonds and war savings stamps was recovered when Inspectors Gordon and Wright arrested jGeorge Welch at a house on East Washington street. Welch was returned to Asotin by Inspector Wright. A close watch is being made as Welch is believed to have had a partner, and it is feared he may attempt to assist the arrested man in escaping jail. PATROL TO HAVE SIREN Warning Will Be Used on Burglar, Murder and Fire Calls. The new police patrol wagon has been fitted with a siren, which, ac cording to instructions from Chief of Police Johnson, will be used in answering burglar, murder or fire calls. The rotary gong will be used by the driver in answering other calls. Sixteen sirens also have been or dered for equipping of the police motorcycles. They will be used, how ever, only in emergency. Another innovation was inaugurated Saturday, when several of the police motorcycles were equipped with side cars. In a case where it is necessary to send two officers to answer an emergency call, these vehicles will be available. DAM DECLARED FEASIBLE Snake Itiver Construction for Irri gation Project Favored. PASCO. Wash., Oct. 19. (Speciul.) Inv esti;iati n conducted by the site and national governments at Five-Mile rapids on the Snake river tf determine the feasibility of build in": a dam at that point for an irri.ta li'"n project, hns convinced the engi t.ers in chirge that the proposed dam is practicable. Holes bored at several points ;n the bed of the river disclosed nothing but basaltic rock, assuring a solid foundation for the A toil survey also will be made in Anticipation of the formation of an Irrigation district. C. F. Stinson, rep resenting th-j chamber of commerce, returned Thursday from Olympia, where he conferred with the state reclamation board. He reported that he was assured that the board will do all it can legitimately to put the project through. HOUSE PROBLEM TACKLED Walla Walla Commercial Club to Assist Home Builders. WALLA WALLA, Wash.. Oct. 19. (Special.) The commercial club trus tees who, Thursday appointed a spe cial committee of seven to take up Walla Walla's housing problem, yes terday received the report of the com mittee and expressed the belief that the problem would De solved. The committee recommends that any one desiring to build a house make known his needs to the commercial club, giving all information necessary such as size of house needed, amount he can pay, position held, references, salary, etc., and the club will assist him in selecting lots and. if necessary, help finance the building. The committee also recommends the formation of a corporation with 1100.000 capital to build an apartment house and to sell stock for that purpose. SOME RED TAPE SLASHED Army Goods Shipment Goes by Di rect Instead of Legal Route. HOOD RIVER. Or.. Oct. 19. (Spe cial.) A quantity shipment of parcel Post matter, consisting of supplies from the Portland war store, caused a considerable flurry here yesterday. Mail destined to Parkdale. according to law. must pass through the Hood River postoffice. but the goods, plain ly marked "Parkdale." were hastened by handtrucks from the O.-W. R. & N. station to the Mount Hood railroad. Strict postal regulations may re quire that the goods be brought back from Parkdale and properly des patched through the local postoffice. Officials, however, for once probably will overlook the infraction of rules. PORT FRONTAGE DEAL ON Option Taken on Tract in Warren ton, With Access to Columbia. WARRENTON, Or.. Oct. 19. (Spe cial.) Robert Strong. attorney' of Portland, yesterday paid $5000 to the P. C. Warren estate of this city for a six months' option on the estate's two-fifths interest in a tract of land owned jointly by the Hammond Lum ber company, the D. K. Warren es- APPLE CROP SUPERB ONE Vield at Hood River Exceeds Pre season Estimates. HOOD RIVER, Or., Oct. 19. (Spe cial.) The Hood River apple crop has even surpassed pre-se-ason estimates, both as to quality and quantity. The yield will exceed 2,000,000 boxes, and the apples are running more than ever before to the extra fancy grade and desirable sizes. Orchardists have never taken better care of their trees, and the fruit is clear of scab and worms this season. It is likely that the average for the valley will go well beyond 90 per cent extra fancy stock, with but a small percentage in the C grade. Aberdeen Soldier Now Lawyer. ABERDEEN. Wash., Oct. 19. (Spe cial.) George Acret. court reporter, who returned recently from overseas, has been admitted to the bar follow ing an examination at Olympia Wednesday. Acret held second high est honors among those admitted. He will enter into partnership with his father. John C. Hogan. In the law business. Acret enlisted as a private and earned a commission in France in the air service. Yakima Workman Killed. YAKIMA, Wash.. Oct. 19. O. A. Martin, 34, of this city, was fatally hurt last night when an automo bile in which he and other fruit work ers were riding, went over a 20-foot grade near Weikel. northwest of this city. He was brought to a hospital here and died soon, afterward. He is survived by a widow and small son Other members of the party escaped serious injury. The Northern Flour Mills company, recently incorporated at a capitaliza tion of $500,000, is now In full opera tion. The company's nearest mill is at Vancouver, Wash., though it is rep resented throughout the northwest. Formerly operating as the Northern Grain & Warehouse company of Port land, it was decided to divorce the milling business from the grain and warehouse operations and the new milling company was formed as a separate outshoot of the parent con cern. The milling interests comprised In the consolidation are the Vancouver Flour mills, Vancouver, Wash.; The Eureka Flour mills. Walla Walla, Wash.; the American Falls Milling company, American Falls, Idaho, and the Ravalli Flour & Cereal mills, at Missoula, Mont. The various plants are being oper ated under their original names, states I. C. Sanford, president, and their established brands of flour and cereals continued. Meantime the Northern Grain & Warehouse com pany is continuing Its business throughout the northwest. Head quarters of both companies are in the Lumbermen's building. Fifth and Stark streets. The various liberty bond issues proved the sensation of the September security market, otherwise dull with gradually declining prices, particu larly In rails and utilities. Observers agree that the outstanding feature of the month was the activity in United States government bonds. The ad vance in the liberty bond issues was striking. The first 4 Us during a period of about one week, advanced from 94.90 to 95.30; the second 4 '.is. from 93.16 to 94.28; third 4 s, from 95.16 to 96.06; fourth 4 V4 s, from 93. IS to 94.04. while the 3s broke through par for the first time since October, 1918, reaching on September 23, 100.08. The banking houses report a large invest ment buying of these issues, but the real strength of the market is cred ited to the buying by the treasury de partment. According to the official figures issued by the treasury depart ment, the supply of liberty bonds has been reduced about $717,500,000 as the lesult of purchases for the 5 per cent sinking fund and payment of estate taxes. It is estimated that by the end of the current bond purchasing year. May 9, 1920,- the supply of outstand ing war issues will be reduced by over $1,000,000,000. The official figures show that of the four liberty loans, amounting to $16,936,995,367, on Au gust 31. 1919. there were outstanding $16,219,457,817. By adding the total amount of victory issues, $4,500,000, 000, to this figure the total war loans of the government reaches the fig ure of about $20,700,000,000. For some time past bankers have been com menting upon the attractive yield of the government issues, which have ranged from 3 per cent to 4.90 per cent, and investors are apparently be ginning to realize that these bargain prices will not continue for an in definite period. Lyman G. Rice, assistant cashier of the First National bank of Pendleton, has been In the city for several days consulting with local architects re garding plans for the new banking home contemplated for the Pendleton institution. The First National bank of Pendleton is the largest bank In Oregon outside of Portland, with $8,500,000 in Pendleton deposits alone uite a per capita, when the last census gives the population as 7500. Ex-Senator Levi Ankeny of Walla Walla, Wash., who represented that state in the upper house of congress some years ago. Is president of the bank. M. S. Woodcock, president of the First National bank of Corvallis. spent several days last week in Port land on business. Oregon financiers are not without humorous propensi ties. With regard to Mr. Woodcock's initials. M. S., they have christened him "More Securities" Woodcock, an appellation by which he is widely known. General trade and industry holds up well, despite various menacing in fluences, such as the policemen's strike in Boston, Fteel strike, omin ous reports from the coal miners, threatened curtailment of foreign trade, high industrial costs, etc., says the correspondent of the National City bank of New York. Bank clear- ngs are running ahead of last year at an astonishing rate. For the week ended September 13 the Commercial and Financial Chronicle reports for all clearing houses an increase of 26.3 per cent over last year, and for the large centers a higher- rate. This confirmed by the reports of the federal reserve board, which in a comparative statement for the same cities for the weeks ending Septem ber 17. 1918, and September 18, 1919, show aggregates of $6,313,356,000 and $9,734,351,000, respectively, or an in crease of approximately 50 per cent. Higher prices are a factor in this, but probably the shift of industry from government orders to miscella neous private business is a larger one. Railroad traffic is very heavy. with a shortage of equipment and earnings larger than a year ago. The railroads will make up in the last half of the year some of the deficit in rentals of the first half. - E. J. Wilson, cashier of the Crook County bank of Prineville, spent sev eral days last week In Portland on business. In addition to his other duties Mr. Wilson is chairman of the citizens' CTmmittee operating the Prineville municipal line, which con nects that thriving city with the Ore gon trunk line at a distance of 13 miles. George H. Prince, chairman of the board of directors of the Merchants' National bank of St. Paul, is at pres ent on a tour of Oregon, visiting va rious correspondents of his institu tion. Mr. Prince will arrive in Port land today for a brief conference with local financial associates. After an extended eastern visit, E. G. Crawford, first vice-president of the United States National bank of Portland, is to return to this city on Wednesday. Mr. Crawford attend ed the convention of the American Bankers' association at St. Louis and spent some time in New York, Detroit and Pittsburg. Another new lumber firm, testifying t" the widespread certainty that Port land -is soon to be the capital of the lumbering industry, is the H. P. Ed- i The Investing f Dollar Is Bigger. i Than the Pur- f chasing Dollar 70UR dollars are still -J- 100 cents big when it tk comes to investing them tjj in safe and substantial tjt Bonds. Compare that g tfaj with " their size in the t6 purchase of food, cloth- ing and pleasures. " ?-- We are always able f to offer the smallest as well as biggest 0 S3 investor the sort of Kg Securities he should K have. ?2 i M iM Ask for our list of f g "Better Bond" 5 tecLARK-KENLULL &C03 Cj G3VZXKMEWT MUNICIPAL Jf CCnMUniM lf- BONDS 4 wards Lumber company, which re cently opened offices in the Lumber men's building as a wholesale concern Harry P. Edwards, formerly of the Oregon Journal staff and more re cently of the American expeditionary forces. Is secretary of the company Highway bonds of a new issue, to the extent of $1,000,000 In state of Oregon 4 per cent securities, will be offered for sale by the state highway department at its meeting in this c'ty on November 4. and bond buyers are being notified accordingly. The bonds are in $1000 denominations, maturing serially, $25,000 on April 1, 1923, and like amount on each October 1 and April 1 thereafter. Issued under au thority of an act passed by the last legislature, the new highway bonds are a part of the $10,000,000 provided by the road bond act, of which $3,000, 000 worth of bonds have been issued to date. Further additions to loan ,-,,nt tinder the head of both war nanor and other discounts, accompanied by in creases in deposits and note circula tion, are indicated by the federal r. serve board's weekly bank statement issued as at close of business on Oc tober 10. 1919. and lust rlM.H K v ih. Portland branch federal reserve bank. War paper on hand shows an in crease for the week of 18.6 millions, other discounts on hand went up 39.3 millions, while acceptance holdings show but a nominal increase. Total war paper holdings of the Chicago and .Minneapolis Danks include 50.3 mil lions of paper discounted for other federal reserve banks, as against 63.8 millions the week before, while the total acceptance holdings of the San Francisco hank about 11 millions, as against 12.6 million? the week before, were bills taken over from other fed eral reserve banks. Treasury certif icates show an addition of 4.4 millions, or 0.8 millions less than the increase in the bank's liabilities on federal re serve bank note circulation. As against an increase of only 1.2 """" in Eovernmtnt deposit, mem bers reserve deposits show an in crease of 12 millions, while the "float" cair!ed by the federal reserve bunk mow a reduction of 8.1 millions. Net deposits figure out 17.6 millions large'r. while federal reserve note cir culation is reported 33.5 millions larger than the week before. No ma terial changes are fehowr. in the dis tribution of the gold held abroad, while net gold withdrawals totaled about 4 millions, and aggregate cash reserves declined 3.4 millions. As a result the banks' reserve ratio shows a decline from 49.7 to 49.1 per cent. Five issues of municipal bonds ag gregating $630,000 have just been purchased by Morris Brothers, Inc., and are described in a folder Just printed by them, y-vo of the issues are direct tax obligations of Clarke and Franklin counties, Washington; three of the issues are "special assess ment" bonds of Rupert and Soda fclrii:3s. Idaho. The jii.rv'inse of Clarke county bonds amoui.i.d ;i ;:.':5.000 and thn Franklin county to $115,000. The for mer are due serially beginning Octo ber 1, 19.10, the final serial being pay able in 1939. EXEMPT FROM ALL FEDERAL INCOME TAXES Municipal Improvement Bonds TO NET In this advertisement we are pleased to describe three issues of "special assessment" bonds for the purpose of municipal improvements in the cities of Rupert and Soda Springs, Idaho. All three issues are 7o Gold Bonds and are offered at prices to net the investor 6. Both cities are situated in the very heart of Idaho's famous agricultural section and have back of them such basic agricultural pursuits as stock-rais- . ing, diversified farming and fruit growing. The continued prosperity of these communities is assured and the payment of both interest and principal as certain as taxes. 3220,000 T City of Rupert, Icialio $95,000 Local Paving District No. 1 $125,000 Local Sidewalk District No. 4 . Dated: August 15, 1919 Due: August 15, 1929 Estimated to mature each year from 1920 to 1929 in proportionate amounts 530,000 7 o City of Soda Springs, Ida. Local Sidewalk District No. 3 Dated: August 15, 1919 Due: August 15, 1929 Estimated to mature each year from 1920 to 1929 in proportionate amounts The above issues of bonds are secured by all the taxable property within each respective improvement district, this property being pledged to pay both , interest and principal as the7 become due. ESTABLISHED OVER A QUARTER CENTURY MORRIS BROTHE 3? 11. vjr 2 INC THE PREMIER MUNICIPAL BOND HOUSE Capital One Million Dollars MORRIS BUILDING, 309-11 STARK STREET, BETWEEN FIFTH AND SIXTH Broadway 2151 PORTLAND, OREGON Broadway 2151 A.i 1 1 a i 1 1 1 1 i 1 1 1 1 1 n 1 1 1 1 II 1 1 1 i U 1 1 i I U 1 i li I i il i i i L 1 1 1 1 1 j i i . 1 1 1 u i i M l i 1 a U i u l 1 1 1 1 : i t ; 1 1 ; i i 1 1 i u m Tks Bank of California " 1 National Association Founded in 1864 5 HEAD OFFICE: SAN FRANCISCO pi EE Branches at EE- PORTLAND, SEATTLE and TACOMA EE Conducts a general banking business. EE VVe Carry Checking' and Savings Accounts EE EE Buy and Sell Foreign and Domestic Drafts and EE Cable Transfers Issue Commercial and Travelers' Letters of E Credit and Travelers' Checks for Use 1 EE Throughout the World EE EE Pav Interest on Time and Savings Deposits : Capital, Surplus and Undivided Profits, $17,000,000 H PORTLAND BRANCH p E Third and Stark Streets VV. A. MACRAE, Manager . J. T. BURTCHAELL, Asst. Manager BANK TO DOUBLE CAPITAL, Peninsula National of St. Johns Plans Increase to $200,000. Authorization of an increase in cap italization from $100,000 to $200,000 waa voted by stockholders of the Peninsula National bank of St. Johns at a meeting held last Thursday. The increase of capital is to be made on March 2. 1920. Industrial deve ment and depreciation of the do were two of the. causes influencing: the bank's owners to double the cap italization. This is considered re markable In view of the expectation that the St. Johns district would be adversely affected by the dwindling, of shipbuilding activities. Officers of the Peninsula National are: Grant Smith, president; F. C. Knapp. vice-president; F. P- Duntker, vice-president; J. N. Edlefsen,. cashier. IHHIHHiHHmumiHlHiHllH LIBERTY AND VICTORY BONDS If you mut SELL your Liberty or V U lory Honda. t-ELL to urn. If .u run Bin :no: t.t.rt ..r t'tory Honda. Bl.' from LS On Saturday, October 18. liia, the cloln market prices were mm slven " eiow. Thwy a re th- governing pncf lor liberty n1 victory bond all oer the world, and i he hiei.ert We ad eriiee i hee prices dally In ordr that you may tlwayi ktov l h Xw York market and the exact value of your liberty anU victory Ui.ioi: 1st 2d IM 2d Sd 4th Victory Victory 8S 4i 4f . 4V- 4U 3r 4i Market lttd .'.O It o SO 13 70 It.VJO ; so 95.;; W yj 64 t4 intercHt i i.:; r Ti r 4$ i.sa .41 .iw l.se i.os Total lOi T! !, 1542 96. TH t.V3 "jV7 "PSSR Toi SO Toi.62 When buying we deduct B7c on a $50 bond and $2-Se on a tluoO bond We ell at the New Tork market, plus the accrued Interest ISunrlar am) fireproof aafe deposit bo&r for rent. Open notil 8 P. M. Katarday. MORRIS BROTHERS, Inc. The Premier Mitnleipnl Bond Honr. Capital One Million Dollmro. Mnrrt Biiitritnir. 3u-3li Si&rk sr.. rrlrphone. Broadway 21.1. Bet. Klfth ni Sixth. Kalahlifhrd Over 5 Year. AtfrafW ftwlna $100,000 Short Term 6 Municipal Gold Bonds Principal arte eami annael tniarel i uawna payable Iq eel 4 In New Tarft Ott Price to Yield . 614 k far dfll Call or pexm Freeman Sam FMNeisce Smith a Camp Co. second ruocm NORTHWESTERN BANK BUILDING MAIN 64S over theangell valley irrigation dis trict for several days. The district recently voted a $900,000 bond Issue. Several local bond issues have been taken by the Lumbermen's Trust com pany. Aberdeen Levy to Be 7 4 Mills. ABERDEEN. Wash.. Oct. 19. (Spe cial.) Aberdeen's tax levy will be 74.94 mills this year, as against 57.07 last year, which will - mean an in crease of about 118 on each 11000 valuation. The total is made up of state levy, 10.95; county, 14.88; city, 33.19; schools. 13.77. Whisky, Still, Operator Found. WAIA WALLA, Wash.. Oct. 19. (Special.) When a delegation from the sheriff's office and police force confronted John Kremer, ex-saloon-man as he opened the door of his home yesterday afternoon. Kremer srrlnned and said "you've (rot me. He lead the officers upstair, where a still was in operation, then showed them 40 gallons of mash and a quan tity of wine and whisky. Kremer was arrested and released on $1100 cash bonds. Banker Visits La n gel I Valley. KLAMATH FALLS. Or.. Oct. 19. (Special.) Carl S. Kelty, vice-president of the Lumbermen's Trust com pany of Portland, has been looking is 6 MORTGAGES 6 WHEN YOUR MORTGAGES MATURE do you receive the PRINCIPAL PROMPTLY? OUR CLIENTS DO Mortgages purchased t h r o u a; h the Western Bond and Mortgage Com pany are PAID IN FULL on the DAY they MATURE. Western Bond and Mortgage Co. Portland. KO Fourth Street. Oregon. Anglo-French Bonds To Net 7.65 Government and Municipal Bonds Bought and Sold k Devercaux R(5mpany 87 Sixth Street Broadway 1042 Ground Floor Wells-Fargo Building Relation of Corporation Securities to Prosperity THE wise investor diversifies in his choice of securities. Instead of "putting all of his eggs in one basket" he distributes his investments so that his holdings will not all be of the same kind, of the same security, of the same rate of interest and yield, of the same maturity, the same interest mopths and so forth. It is because of this demand for diversification on the part of investors that we supple ment our long list of municipal bond offering with carefully selected corporation bonds, notes and stocks, which have greater security behind them than many municipal bonds and which invariably offer a more attractive interest return. If our country is to prosper and expand as it should and our people are to be happy and comfortable, it is essential that our successful industries be encouraged to increase their output. Industries form the backbone of cities and make for the pros perity of communities. In addition to 46 issues of Western municipal bonds and a diversified group of foreign bonds our current offering list carries ten high-grade corporation issues that offer interest return of from 6 to 7.18 per cent. Circulars showing details will be mailed on request. urrvbermers i rus1" (To. Bords -Trusts-Acceptances Sarv Frarxosco Capital & Surplus 600.000 Lumbermtns Dldq. Porlarvd, Oreqorv. SeevH-le