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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
TIIE 3IORXIXG OREGOXIAN,. MONDAY AUGUST 2, 1920
Is of Importance to
RAIL SECURITIES ASSURED
Transportation Companies Placed
on Footing AVhereby Needs
Aow Can Be Financed.
The decision by the interstate com
merce commission of the railroad rate
case, granting authority to the rail
roads to increase rates to yield
additional revenue approximating:
11.500,000.000, and which it is ex
pected will become effective not later
than September 1, is perhaps the most
Important news to the financial and
business world of the week. Trans
portation is essential to the develop
ment and progress of industry and
h pinsripnce of recent years has
demonstrated that the public has an
Intimate interest in having the rail
roads on a sound basis and operated
The rate case that has just been
concluded was characterized by the
aDDearance of representatives of the
shippers from all sections of the
country. The shippers, as shown by
their testimony. were practically
agreed in recognizing the necessity
for increases to such amount as the
commission should find justified to
meet the necessity of the situation
The shippers were vitally concerned
as to the effect on the relationship
of rates as between competitors and
as to the method of applying the ad
vance. It is impossible to judge ac
curately the effect until careful analy
eis can be made, but all were satis
fied that the interstate commerce
commission would endeavor so to ad
just the awards as to obviate the dis
turbance of existing relationships.
However, this is manifestly difficult
in making percentage advances in dif
ferent sections of the country..
The wage increases granted in ac
cordance with the awards of the war
labour board and the guaranteed return
to the railroads on the valuation fixed
by the commission are provided for
in this increase. The adjustment will
go far toward placing securities of
the transportation companies on
footing that will enable them to fi
nance their needs, and in the opinion
of financiers will result in bringing
the physical properties to the stan
dard that the public has been edu
rated to expect in- the pre-war con
duct of the lines.
The grain crop situation through
out the United States seems to have
been improved by generally favorable
weather conditions and the harvest of
cereals is proving quite satisfactory
Tentative estimates of the wheat yield
have been increased in the country as
a whole by about 15,000,000 bushels.
Condition of the corn crop is improved
also, although the forecast is for a
crop considerably less In the aggre
gate than last year. In the Pacific
northwest, harvest is now under way
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Exertion Is Held Necessary to
Keep Port's Supremacy.
OTHER HARBORS BENEFIT
- TODAY'S FILM FEATURES
' Peoples Herbert Rawlinson,
"The Passers-By." ,
Liberty Wallace Reid, "Sick
Columbia Thomas Meighan,
"The Prince Chap."
Rivoli Lew Cody, "The But
Majestic Mabel Normand,.
"The Slim Princess."
Star Shirley Mason, "Love's
Circle John Barrymore, "Dr.
Jekyll and Mr. Hyde."
Globe Mitchell Lewis, "Burn
and progressing favorably. The pro- 1 fu"n a " iS in ''The Slim Princess."
ducers are assured of a good market
and the railroads are striving to be
prepared for its movement to market
with reasonable promptness. With
shipping tonnage easier than since
before the war and ships available, it
is expected that the export demand
w ill be supplied with greater dispatch,
avoiding congestion at terminals.
July was a month of improvement
In the bond market, with investors
turning to municipal bonds because
of the attractive return offered and
coupled with the advantage of being
tax-free from any federal income or
other tax. The month has registered
more than its usual volume of in
vestment business, judged by the
record of local dealers.
Under a new decision of the United
States supreme court, congress is
without power to tax the income from
the bonds of states, counties, munici
palities and other political subdivi
sions of the states. Facts regarding
the decision have Just been received
by Freeman Smith & Camp Company,
I bond dealers of Portland and San
Francisco, from Roy C. Osgood, chair
man of the taxation committee of the
Investment Bankers' Association ' of
The decision Is of vital importance
to investors, because many have been
fearful that congress would attempt
to impose a tax upon the bonds or in
terest of bonds held by them or to be
purchased in the future. It was given
in the case of Evans vs. Gore, and set
tles for all time, according to legal
experts, the question of whether or
not congress has the power, under the
constitution, to tax bonds of states
and their political subdivisions.
The case was decided June 1, but
copies of the decision were not re
ceived here until a few days ago.
While the decision deals directly with
the question of Income tax exemptions
of United States district judges, the
issue of municipal bond exemption is
gone into at length and definitely set
tled. While the question is now definite
ly settled, it is interesting to note
that congress, in passing the income
tax law of 1919. refused to treat in
terest from bonds Issued by a state
as within the taxing power.
Paul S. Dick, cashier of the United
states National bank, has been elected
a vice-president of that institution.
Walter A. Holt, assistant cashier, has
also been elected vice-president, and
t H. Chambreau, who has been head
teller, has been appointed assistant
cashier. Mr. Chambreau is one of six
employes of the institution who have
been with it since its organization
S2 years ago. Mr. Holt was employed
by the old Commercial National bank
and came to the United States Na
tional when the two were merged.
Mr. Dick is also an old employe.
C. H. Loughi y. vice-president of the
bank at Goldendale, Wash., is pass
ing several days at the Seward hotel
while in the city on business.
E. C. Summons, assistant cashier of
the United States National bank, who
is president of the Mazamas and
thereby honored by having the camp
. at Mount Baker named for him, is
spending his annual vacation in the
Treasures of an outing in that region.
He expects to visit as many points
of Interest as possible while in the
vicinity of the peak. v
The Lumbermens Trust company re
Torts an active market in municipals,
the offerings of which include the
. unsold portions of issues of five coun
, ties of Washington, Adams. Douglas.
Lincoln, Whatcom and Yakima. These
bonds run for variable terms and are
all priced to yield the investors 6
per cent. Of the total of $234,500 in
these five lots only a small amount
remains for disposal. Today the
company will offer to investors $120,
oo improvement bonds of the city
of Tillamook. Or. These bonds ma
ture from 1321 to 1930 and yield 6
per gent interest. They are offered
Tully Marshall and Mabel Norm and In one of the many- mirth proTOklngT
acenes tn Cieoree Ade's "The Slim PrtncesM," now In film form at the
Majeutic theater. t
Americn steel magnate sojourning in
Mororvenia to avoid a sensational
government investigation, does nice
work. He has several series of scenes
to himself among which is one in
which he dresses for a diplomatic ball
en route from the club to the affair
with only the shelter of the glass taxi
windows between him and the in
The fear not of dinties. but the
Portland police has been put into the
hearts of Portlanders during- the last
few days by A. A. Bruce, manager of
the Peoples theater, who. has been
initiating a new exploitation scheme
in connection with the continued story
which is to commence on hia screen
Saturday. Several hundred automo
bile owners found their cars tagged
with red cards precisely the same size
and colors as those left by traffic
police. The cards, however, had on
them only a harmless exclamation
point, the number three and an inter
rogation point in heavy black print.
Their connection with the picture will
be disclosed during this week, declares
Maude Adams the screen is a
possibility of the current year. The
most famous of all her plays, "Peter
Pan," is to be filmed, and it is be
lieved that Sir James M. Barrie has
released it on. condition that Miss
Adams play the title role,
Upon his return to Los Angeles
Frank Borzage has been lionized by
the great film colony. His sensational
success in the making of "Humor-
esque," which had already run six
weeks in the Criterion theater, New
York, when he left there, had pre
ceded him. On the strength of its rec
ord in the east some of the theaters
in the large western cities are book
ing this screen version ' of Fanny
Edna Ferber, the magazine writer,
has written a story for the screen
which will probably be interpreted by
Priscilla Dean or Carmel Myers.
GEORGE ADE and Mabel Nor
mand combine in presenting
"The Slim Princess," a new type
of comedy photoplay, which is the
principal feature on the Majestic
screen this week.
A satirical vein runs through "The
Slim Princess" that is unusual to the
screen. Its adaption from the origi
nal George Ade story has been done
with an eye true to retaining the
Ade-esque flavor and in the majority
of subtitles, actual quotations from
the humorist have been used. Mabel
Normand just couldn't entirely for
get her Mack Sennett training, but
there is minimum of slapstick in the
picture, and slapstick if sparingly and
cleverly used can be exceedingly
Mabel Normand assuredly is the
star, but Tully Marshall prominent in
her support as the professor into
whose care the slim princess has been
put that she may under his guidance
grow fat and beautiful and marriag-
able, bids for high honors. Mr. Mar
shall must have enjoyed working in
this production for in the scene where
he blows and blows and blows, in
flating the rubber suit which is to
make the princess a thing of beauty
and a joy for the reception to the
English ambassador, he becomes so
convulsed with laughter that for a
moment the action of the play is bus-
, Hugh Thompson, who portrays the comedy star.
Florence Midgley, who is supporting
Mary Miles Minter, was formerly un
derstudy to Mitzi Hajos, the musical-
at par. A small block of 7 per cent
general equipment certificates of the
American Tank Car company, due
May 1, 1921, to November 22, 1922,
are offered at a price to give
investors 8 per cent. Another offer
ing on an 8 per cent basis to the in
vestor is a block of $9000 of the 6 per
cent bonds of the municipality of
Burnaby, B. C, due December 31, 1924.
James H. Lynch, sales manager oi
the Lumbermens Trust company, is
spending his annual vacation at Long
Beach, Wash. He has been there for
a week and will return a week hence,
after having feasted on clams and
the other delectable sea foods that
appeal to epicurean tastes.
Craig H. Coffin, president of the
Boise City National bank, was a Port
land visitor for a day last week, en
route to the Oregon beaches where he
is spending a vacation period with his
family. J. E. Clinton, vice-president
of the same bank, and one of the lead
ing sheep growers of Idaho, was also
a Portland visitor on a business trip.
He reports business conditions good in
the Gem state and brings favorable
reports of the crop situation, espe
cially in the irrigated districts.
A. M. Wright, vice-president of the
United States National bank, made a
trip through the Willamette valley
last week. He made stops at various
points on both the east and west side
and reports crops are excellent.
Transversely, he found roads gener
ally not good and in some places
characterized the highways as "rot
ten." But he reports that apparently
good progress is being made on high
S. G. Sargent, formerly Oregon bank
examiner, and now assistant to John
Perrin, federal reserve agent at San
Francisco, passed .through Portland
Tuesday of last week en route home
ward after an interesting motoring
trip through the northwest. After
attending the conference held re
cently at Seattle, he motored through
Washington and Idaho, toured the
Yellowstone national park and re
turned via the Columbia basin dis
trict cities and highway.
A new block of $300,000 Port of As
toria five-year. 6 per cent bonds will
soon be offered to investors, the pro
ceeds of which will be utilized in com
pleting port facilities already in
itiated and approaching completion.
The bonds were purchased by the
Ralph Schneelock company and the
Anglo & London National bank of
San Francisco, bidding jointly for
the bonds. The syndicate also has a
short-time option on another block
of $200,000 of the issue.
P. A. Kinnoch, for several years
connected with the Portland branch
of the Canadian Bank of Commerce
and in which he held the position of
assistant manager, has been trans
ferred to Seattle to a similar position
Mr. Kinnoch has been active in so
cial circles and was a popular mem
ber of the fraternity in the financial
Francisco, 192 mil.es north of San Fran
cisco. PRESIDENT, Sattle -for San Francisco,
224 miles north of San Francisco.
AVALOX, San Francisco for Richmond,
47 miles north of San Francisco.
PORTER, Monterey for Everett, 703
miles from Everett.
ARGYLL, Seattle for Oleum, 407 miles
OATONWAX, San Francisco for Ever
ett, 14 miles south of Cape Flattery.
ADMIRAL SBBREE, Ocean Falls for
Wellington, SO miles south of Cape Scott.
IDAHO, Grays Harbor for San Francisco,
60 miles south of Grays Harbor.
HART WOOD, San Francisco for Grays
Harbor, 1 miles south of Grays Harbor.
WAHKEE.NA, Everett for San. Pedro, 607
miles north of San Pedro.
EL. SEGUNDO. Richmond for Polat
Wells, 24'2 miles south of Point Wells.
ROTARIAX, Seattle for San. Franclvco,
590 miles from Kan Francisco.
TOSEMITB, Port Gamble for San Fran
cisco. 98 miles south of Tatoosh.
WASHTENAW, Honolulu for San Fran
cisco, 4(i3 miles from 5an Francisco, at 8
P. M.. July 31.
C. A. SMITH, San Francisco for Coos
Bay, 205 miles north of San Francisco.
OLEUM. Portland for Oleum, 242 miles
MULTNOMAH, San Francisco for Port
land, 195 miles south of Columbia river.
ADMIRAL DEW BY, San Francisco for
Seattle, ."OO miles from San Francisco.
WATAMA, San Francisco for Seattle, 20
miies south of Cape B:anco.
CAPTAIN A. F. LUCAS, Port Angeles
for ban Pedro, o-itf miles from ban Pedro.
ATLAS, towing barge OS. Richmond for
Portland, 302 miles from Richmond.
MATSONIA. Honolulu for San Fran
cisco, SjS miles from San Francisco at
8 P. M.. July 31.
ENTERPRISE. Hllo for San Francisco,
17t miles from San Francisco at S P. M.,
COL. E. L. DRAKE, San Pedro for Hllo,
630 miles from Hilo at 8 P. M., July 31.
MAUI, San Francleco for Honolulu. 1241
miles west of San ran Cisco at 8 P. M
ADMIRAL FARRAGUT. San Francisco
f orWilmington. 106 miles from San Fran
Cisco at P. M.. July 31.
EASTERN GUIDE. Honolulu for San
Francisco. 18 miles from San Francisco
at 8 P. M., July 31.
DILWORTH, San Pedro for Honolulu.
50 miles from San Pedro.
CITY OF TOPEK A, San Francisco for
Eureka. 63 miles north of San Francisco.
DELLWOOD. San Francisco for' Puget
sound. IttO miles north of San Francisco.
CELILO, San Francisco for Portland,
off Point Reyes.
WEST TOGUS, Seattle for San Fran
cisco, 44 mil north of San Francisco.
RICHMOND, towing barge 95, gan Fran
cisco for Seattle, 390 miles from San Pedro.
ACME, San Francisco for Yokohama,
five miles from San Francisco lightship.
Official Points Out Successful Ef
forts or Other Cities In
O rasping Commerce.'
NEW YORK, Aug. 1. (Special.)
New York has awakened to the ne
cessity of exertion to maintain its su
premacy as a port. In an extended
interview with the World, Collector
of Port Byron S. Newton tells of its
deficiencies, of the decrease in the
proportion of the nation's foreign
trade which it is doing, and of the
successful efforts of other ports to
take away part of that share. All of
this leads to Mr. Newton's demand for
some dreamer, some genius, who
shall work out a plan whereby the
ships of the world can get in and out
and fetch the commerce of the world
as fast as the railroads can get the
product in and take the ocean-borne
Recalling the saying that New York
is "the greatest commercial port of
the world with commerce "greater
than that of any other two ports
in the world' Mr. Newton said:
Port Loafs on Job.
But that is no reason why it will con
tinue to hold this place for all time. The
Creator has much to do with making the
port of Xew York what it is. Nature laid
out the vast system of waterways and
shore line, ideally sheltered and convenient
to the mainland, and left the work of im
provement "to be done by man. Now we
begin to see that man has been loafing on
the job. Relatively, he has made little im
provement on what the Creator has glveu
Because of Its natural advantages New
York has been forced to its present great
ness thrwjgh the rapid pioneer develop
ment of the continent. Now the time has
come when the port. In its undeveloped
state, can no longer handle the traffic
thrust upon it, and we are at tne point
where we must decide whether we will de
velop the capacity and facilities of the
port sufficiently to take over the vastly
Increased commerce that soon must corns
to our shores, or permit this commerce to
go to other ports, trusting that New York
may hold her own without it.
Mr. Newton here pointed out that
the woeful deficiency of the port was
vividly revealed during the war, when
the pressure of war traffic "broke
down the port, or so nearly broke
down that it was a source of national
distress and alarm.
It demonstrated with painful emphasis,
that while .the harbor of New Yor is the
natural gateway for commerce between the
United States and Europe, it Is an archaic
and undeveloped gateway, utterly inade
auate to take care of the traffic that na
tural laws of transportation and trade
place upon it.
War Revenls Deficiency.
During the influx of war supplies,
Mr. Newton pointed out, along the ex
tensive shore line of the inner harbor
there was ample space for handling
all this traffic.
But only a part of the harbor shore line j
was available. ' There were not piers
enough to accommodate the vessels, and i
most of the available piers were too small.
Inaccessible, improperly equipped, or being
used for some purpose necessary for the
domestic demands of the city.
For the rreater part of the time there
wcrs vessels enouch and the railroads were
delivering the supplies to the port much
faster than they couia pe iaten away.
Eminence Being: Lost.
Tra inlnadu of freieht destined for New
York were halted at Buffalo, Pittsburg and
other interior ports and sent to other sea
ports on the Atlantic seaboara. j.o d
sure, that was the pressure of war-time.
But the pressure oi a revivea ana ex
panded commerce of peace times has found
the port of New York in practically, the
The effect is that after having han
dled considerably more than 50 per
cent of the country's commerce every
year since the civil war New York's
percentage fell to 45 in the fiscal
year 1919 and Mr. Newton predicts
that the balance against it will grow
unless something is done to hold Its
trade. In 67 years, from lbu to iii.
its foreign commerce increased 2700
per cent, attracted by the natural ad
vantages of the harbor, and this com
merce led the trunk line railroads to
make their terminals there. These
conditions built up the great mercan
tile and manufacturing city.. Forty
years ago New York began to lose the
export grain trade, and year by year
it has fed itself into other ports, but
owing to its marvelous gnowth the
city has been indifferent. Mr. New
Harbor Area Unused..
The port of New York, including Jersey
City, has a shore line of 986 miles, meas
uring piers and shore lines together. Of
this area there are only 47 miles of pub
licly owned and improved piers. That tells
the story of the trouble in the port of
It is not a question of navigable water
or shore line, but it is a question of mak
ing use of the water and shore line pro
vided by a beneficent Creator and an in
telligent, workaole connection of the piers
with railroad terminals, just as the local
transit lines of the greater city have been
brought into natural relationship. New
York has undertaken and successfully com
pleted other tasks quite as difficult in tha
perfection of its transit and water supply
systems, but somehow this most vital
question of developing the port of New
York, upon which the very life of New
York depends,' has always been regarded
with indifference or allowed to be side
tracked, through local borough jealousies
left this morning. She will complete
cargo in San Francisco.
"With shipments of mining machinery
for the Kuskokwim Dredge company, the
Flume Dredge company and the ' Alaska
Treadwell Gold Mining company, all of
which have properties near McGrath, the
auxiliary powered schooner Ozmo, of the
Northern Commercial company, sailed
from Seattle yesterday afternoon, bound
for Bethel, on the Kuskokwim river via
Representing an unique addition to the
Atlantic fleets, a miniature bulk oil tanker
built of wood for the Bering River Coal
company of Katalla, Alaska, will. be
launched by Edward W. Heath. ship
builder, from the Tregoning plant " next
week. The company owns oil properties
In the Katalla district and will use the
new vessel, whloh is only 65 feet long, m
distributing fuel oil to clients in Cordova
and other ports in that section of the
Aboard the Alaska Steamship company's
liner, Victoria. 4ien she sails on her next
voyage for Bering sea. will be the first
flouring mill ever shipped to the northland.
The mill will be consigned to the Tanana
Valley Agricultural association in Fair
banks, which is located J25 miles south
of the Arctic circle. It was built in De
Part of the Tregoning Boat company's
big new plant on the sound at the en
trance to the Lake Washington ship canal
Is betng converted into a sash and door
factory that will give employment to lOO
men when it gets into full operation. The
rest of the new plant as well as all of the
company's old plant will continue to be
used by the- Tregonings In building ves
sels of all sizes, ranging from lifeboats to
MARSHFIELD, Or., Aug. 1. (Special.)
The steamer Johanna Smith went down
the bay last night with her usual cargo of
1,500,000 feet of lumber and went to sea
by moonlight at 1 :43 this morning. The
gasoline schooner Tramp sailed this morn
ing at 3 for Rogue river, having on board
a line of miscellaneous freight.
BEGIN FORMING POOL
3 COMMITTEES NAMED
V. S. Naval Radio Reports.
AH positions reported at P. M. yester
day unless otberwie specified.
JOHANNA biilTH, Coo &y for San
PORT TOWNSEND. "Wash.. Aug. 1.
(Special.) The steamer Rotarian, the last
steamer built by the Skinner & Eddy cor
poration for he shipping board, sailed
this morning for ports in Argentine', load
ed with 2. 5 u 0.0 00 feet of lumber. She will
call at San Francisco to complete cargo
with general merchandise. The West No-
tus is due from San Francisco to load lum
ber at Port Ludlow, Everett and Seattle
Coming from the orient with partial
cargo, the west J esse p arrived today,
proceeding to Seattle, where she will load
cargo for return trip.
The Eastern importer sailed this morn
ing for San Francisco, where she will
complete cargo for Manila and East India. 1
- Coming from San Francisco the steamer
Watowan will arive, early Monday morn -inf.
to complete her cargo with lumber for
the Atlantic. At the bay city she loaded
a part cargo of general freight.
The steamer Robin Goodfellow has been
fixed to carry a cargo of fuel coal from
British Columbia to the east coast of
SAN FRANCISCO, Aug. 1. (Special.)
Former rivalry between opposition tow
boat companies of ten years ago is being
revived, the feat of the Red Stack tug
Sea Wolf, Captain Moore, In beating the
Purson tug Wyadda, Captain Johnson, to
a remuneration tow off the lightship to
day, served to recall the competition which
existed years ago. The old opposition,
temporarily forgotten when the Red
Stacks absorbed the Black Stacks, has
come to the fore, again with the intro
duction Into the field of the Peterson &
Captain Dehgren, veteran South sea
skipper, added another Samoan voyage to
his long record when he brought the
schooner W. G, Irwin into port late Sat
urday night. f he fore-and-af ter was 70
days from the tropical port with Copra
to Atkins, Kroll & Co.
Captain Rosich brought the schooner
H. D. Bendixen up in 68 days. She ar
rived today with 700 tons of copra for
Burns. Philip &, Co. m
Newcastle coal to the amount of 4000
tons formed part of the cargo of th
British ship Waitemata. Captain Show
man, of the Union Steamship company,
which arrived late Saturday, 28 days from
Newcastle. In addition, the steamer
brought 4O00 tons of general cargo, in
cluding .u- tons oi copra. .
The army transport Madawanka, sched
uled to leave August 5 for Manila, was
adjusting compasses on the bay today,
The Grace motorship Santa Flavia moved
to Xoyo' today to load a part -cargo of
railroad ties. She will complete loading
on the sound and proceed to Antofagasta.
The naval auxiliary Orion, Captain
Boesch, came in today from Bremerton,
proceeding to Mare Island.' T '
Strauss & Co. have taken the freighters
Brookline and Mosella to load -barley for
the United Kingdom.
The Crowley barken tine Olympia. fixed
by the J. J. Moore & Co., is taking
cargo of redwood at Eureka for Sydney.
The freighter Eastern Guide arrived to
day from Hawaii for the Matsons with
SU.5S4 bags of sugar, 16.052 cases of canned
pineapples and other cargo.
The army mine planter Col. Geo. Arml
stead returned Saturday night from Hono
lulu after a long absence.
The steamer West Togus left for Seattle
today to load cargo.
ASTORIA. Or.. Aug. 1. (Special.) The
steamer West Nivarla, bringing a part
cargo of lumber from Grays Harbor, ar
rived at 7:30 o clock last night and pro
ceeded to Portland to finish.
Twenty-three days from Yokohama, the
steamer Olen arrived at 12:35 today with
cargo from Portland.
Coming to load lumber at the Hammond
mill, the steam schooner Halco arrived
at 9:15 today from San Pedro.
The cruiser Birmingham and six de
stroyers, which have been here during
the American Legion convention, sailed
at 11 today for San Francisco.
The motor ship Astoria is due from
San Francisco. She comes to load lum
ber at Wauna and -Westport.
Hampton Stoat Dies at Astoria.
ASTORIA, Or., Aug-. J. (Special.)
Hampton Bennett Stout, a con
tractor residing at East Thirty-fourth
and Washington streets, Portland,
died here -. this afternoon following
an operation for appendicitis. He was
a native of Ohio, 68 years of age and
leaves a widow and two children,
Walter Stout and Mrs. Olive Liberty,
both of Portland. He was a member
of the Elks lodge of Portland,, and
the body will be shipped tomorrow
evening to that 'city for interment.
Exploitation or Timber Products of
Western Washington and West- .
ern Oregon Proposed.
SEATTLE. Wash., Aug. 1. (Spe
cial.) Plana for the pooling of all
lumber interests in western Wash
ington and western Oregon with
view to enlarging the national mar
ket for northwestern products came
to a head today after weeks of con
sideration when representative tim
ber owners, logging operators, mill
men . and wholesalers decided on the
formation of the West Coast Forest
v The organization has not yet been
completed, and probably will not be
for 30 days or go, according to the
promoters of the plan, but they have
agreed on a tentative working basis
and expect soon to be able to an
nounce a national programme.
Howard Jayne of Portland will be
chairman of the new bureau and H.
A. Lightner of Seattle, treasurer.
The east will be invaded by a small
army of "missionaries" practical
lumbermen who will be able to ex
plain the many' uses to which the
lumber may be put.
About $100,000. it was said, will be
needed and will be subscribed by the
members of the bureau.
Douirlas fir. spruce, hemlock and
cedar will be the principal products
to be exploited.
A private association is already ex
ploiting the trades export market and
this bureau will deal with the Ameri
can field, its principal operations be
ing in the east.
The lumber industry in the north
west has gained a decided impetus in
recent months from heavy invest
ments in Oregon holdings by middle
western operators, and construction
of sawmills is being rushed.
Oouglas fir is considered by the
lumbermen to be the product which
will probably gain the most popular
ity in the east. This wood came into
national prominence during the war
because of its value for airplane and
ship construction, and it is believed
that it will eventually take the place
of the rapidly dwindling supply of
Three Commit tee Choen.
In an effort to systematize the pre
liminary work of the new lumber
bureau, three committees have been
tentatively selected to work out cam
paign plans. Structural timber use
and general building requirements
will be the field of the first commit
tee; the second will deal with indus
trial problems, while the third will
work toward a closer relation be
tween trade requirements and manu
facturing practice. These commit
tees have not yet been completely or
ganized and will be increased in num
ber as new members are obtained.
The personnel of the committees as
selected so far are:
First committee, E. A. Poyneer, Fer-
rybaker Lumber company, Everett;
Walter Stut, Coats-Fordney Logging
company, Aberdeen; J. S. O'Gorman,
Wisconsin Timber company, Port
land, and Howard Jayne, Willapa
Lumber company, Portland.
Second committee, T. . E. Ripley,
Wheeler Osgood company, Tacoma;
Thorp Babcock, Northwestern Lum
ber company, Hoquiam; H. A. Light
ner, Goodyear Logging company, Se
attle, and A W. Bryden, Pioneer Lum
ber company,. Seattle.
Third committee, R. W. Vlnnedge,
North Bend Lumber company; E. B.
Chinn, Pacic Northwest Loggers' In
formation Bureau, Seattle; Mr. Jayne
and W. A. Hobart, Wheeler Osgood
of Rich Land
TAX EXEMPT BONDS
Jerome County, Idaho
Hillsdale Highway District
Dated May 15. 1919. Due serially 1930-39.
Denomination, J500-S1000; Price, 100; Yield. 69?-.
Principal and Semi-Annual Interest Payable in New York or at
Morris Brothers, Inc.
These bonds provide money for extending permanent roads
through this district, in the famous Twin Falls section, where
immense diversified crops are produced.
Telephone or Telegraph Orders at Our Expense.
MORRIS BROTHERS, Inc.
Btwpen The Prfmirr Municipal Bond Tfoue.
-ftth and 6th tablKhrt Quarter of a IVntury.
btrerta. MorriN Kldi;., :0!t-l I Stark St.
Colombia River Bar Report.
NORTH HEAD. Ass. 1. Conditions at
the mouth of the river at 5 P. M-: Sea,
smooth; wind, northwest. SO miles.
Tides at Astoria Monday.
Hish. I Low.
1 :3 A. M...7.9 feetS:3S A. M...0.O feet
P. M. . .7.7 feet;8 5T P. M... 1.0 feet
Waterlogged Ferry Lifted.
EUGENE, Or., Aug:. 1- Special.)
The ferryboat at Harrisburg, on the
Pacific highway, which sank a few
days ago, was raised yesterday under
the direction of Jack McKay. Lane
county road superintendent. By the
use of considerable Tankee ingenuity,
jaok screws and cables, the superin
tendent succeeded in raising; the
water-logged craft to the surface and
repairs will bemade at. once. A new
boat, 18x65 feet, is being built to re
place the old one.
Ships Going; to Other Porta.
He sounded warning that the inter
ested cities and state must not wait
for congress to assume the burden of
improvement or "the bulk of New
York's commerce will be diverted to
other Atlantic ports, and New lork
will be lett with the mellow dreams
of past greatness." Already several
steamship lines on account oi "lim
ited and unsatisfactory pier facili
ties" contemplate going elsewhere,
and increasing congestion will add to
their number, while 30 steamship
companies have applied for wharfage
facilities which the city is unable to
furnish. For a quarter of a century
"New York has been turning away
business . . . and with the forced
diversion of traffic to other ports it
is a question as to how much longer
New York can dream on in the fan
cied security of her present watness
and past supremacy."
He suggests that a committee of
New 'York business men visit other
ports and find out their plans. He
The Pacific ports are being improved
and enlarged on a big scale, and will, of
course, take care of the trade with the
Piers Are Out of Date,
And for the (rreater part, the piers along
New York's waterfront belong to a past
age when compared with the equipment of
other modern ports of the world. The
cargo-handling machinery is generally an
tiquated, the piers themselves are inade
quate annd badly located, and the ware.
house lacillliea are lar uom m ucat.
Pacific Coast Shipping. Notes.
SEATTLE. Wash., Aug. 1. (Special.
With 2. .",00.000 feet of lumber and a ship
ment of canned salmon, the steamship
Rotarian. third vessel to leave here in the
chinning hoard's new service from coast
Read The Oregonian classified ads. ports to the river Plate, South America,
Columbia Grange Organized.
ST. HELENS, Or., Aug. 1. (Spe
cial.) Delena grange has been or
ganized by A. H. Tarbeli, deputy
grange master of Columbia county.
The following officers were elected:
R. B. Stratton, master; Warren Young,
overseer; Leona Young, lecturer;
O. H. Langfeldt, steward; J. M.
Thompson, assistant steward; M. P.
Young, chaplain; PI. N. Nelson, treas
urer; Mrs. It. 13. Stratton, secretary.
The new grange starts in with a good
Phone your want ads to The Orego
nian, Main 7070, Automatic 560-95.
." Movements of Vessels.
PORTLAND. Aug. 1. Arrived at 6 A
M., steamer West Nivarla, from Kobe via
ASTORIA. Aug. 1. Arrived at 9:25 A.
M.v steamer Haico, from San Pedro. Sailed
at 0::io A. M.. destroyers Burnes. Babbit,
Fuller, Percival, Somers and Twigs, for
San Francisco. Sailed at 10 A. M.. cruiser
Birmingham, for San Francisco. Arrived
at 1:10 and lett up at 5 P. M-. steamer
Olen, from Kobe. : .' -
SAN FRANCISCO, Aug. I. Sailed last
nlht. steamer Tiverton, for Portland. Ar
rived at 10 A. M.. steamer Rose City, from
Portland. Sailed at 11 A. m.. steamer -ny
of Topeka. lor Eureka, Coos Bay and Portland.
ASTORIA. July 31. Arrived at 7:15 and
left UD at P. M., steamer West Nivaria,
from Kobe via Aberdeen.
TACOIA, Aug. 1. Arrived, steamer An.
tinous. from Portland, for England.
SEATiTLE, Wash., Aug. 1. Arrived
Steamers Admiral Schley, from San Diego;
Jefferson, from southeastern Alaska; East
ern Leafer. from Yokohama; Admiral
Goodrich, from Anchorage; West Jester,
from Kobe; J. A. Moffett, from San Pedro.
Sailed steamers Admiral Watson for
Anchorage: J. A. Moffett, for San Pedro;
Robin jondfellow, for United Kingdom.
6 Improvement Bonds
General Obligation of the City of
Due (est.) 1921-30 , Denomination $500
Income Tax Exempt
THERE is scarcely a man, woman or school child in
the west who does not know that this famous city
is the capital of the greatest cheese and dairying. region
in the west. It is solid financially and economically. Its
indebtedness is small and resources are as yet hardly
Order by Phone, Wire, Letter or Call
onions iwf !
Bonds Trusts Acceptances
WE do not know
whether you own
business property in
the new or the ' old
But if you own either,
you will be interested
to learn the facts con
tained in our fifth
A copy will be mailed
upon receipt of your
Strong 6 HacNaughten J
for 2 Normal Fed
eral Income Tax
Ask us to mail you a copy of
magazine supplement contain,
ing facts and numerous photo
prints, showing that the Sin
clair Oil Co. stands in the front
rank in one of the greatest in
dustries of the world, being a
perfect unit in the oil industry
with its 1860 producing wells;
2800 miles of pipeline connect
ing its operations in Texas, Ok
lahoma and Kansas with its re
fineries in Chicago, Kansas
City, etc.; 4234 railway tank
cars: 400 distributing stations
in the United States; 10 modern
oil refineries; a great tonnage
of tank steamers in service and
under construction for dis
tributing its oils coastwise and
The company does a great for
eign business. It controls 90
of the oil business done in
S-yrmr 7V4s S to yield 84.
Denominations 100, $500, $1000.
Cash or Partial Payment Plan.
Money, Too, Worthy
. . - of Its Hire
No laborer but who receives higher wages now than five
years ago; no gTocer now sells sugar twenty pounds for the dol
lar; no landlord rents his house at pre-war rates.
Call it what you like; call it the law of supply and demand.
The fact remains the cost of all' things is higher than it used
What rent are you receiving for the money you are investing?
You can place your money in the highest grade securities,
which normally pay only 5, but which will now pay you 7
Our August investment list of securities offers the full ad
vantage due to the possessor of capital, when capital is scarce.
Write or call for our August Investment List.
Blyth, Witter.8 l Co.
"UNITED STATES CCTVERJ'eiEirr MUNICTEAI. Am) CORPORATION BONDS '
YEON BUILDING, PORTLAND.
Telephone Main 8183.
San Francisco. Seattle. New York. Los Angeles.
Trade With the Orient
With correspondents of the highest standing in China, Japan,
India, and other countries of the Orient, and branches in all the
principal ports on the Pacific Coast of North America, this
branch is excellently equipped to serve the interests of the grow
ing trade with the Orient.
The Canadian Bank of Commerce
i Fourth and Stark Streets, Portland, Oregon
Four hundred and eighty-five Branches in Canada, also Branches
in London, England; Mexico City,. Mexico; Havana, Cuba; Kings
ton, Jamaica other Branches will be opened shortly in Central
and South America and British West Indies.
Wire orders -eoUee." - g
MOdTMWETTERM BANK BLDdj. 3
Yakima (Wash.) Donahue Road Act 6 Bonds
at par are safe and tax exempt. This is one of the many choice
Municipal Bonds shown on our August list of INVESTMENT SUG
GESTIONS. Qarstens & jarles, Incorporated
Government, Municipal and Corporation Bonds.
THIRD FLOOR U. S. NAT'L BANK. BDWY. 4108