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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 14, 1921)
TITE MORXIXG OREGOXIA", MONDAY, 3IAI5CII 1. 1921 . i v1 j i :1 1 LOCAL FllffiS EXPECT PROSPERITY Money Horizon Declared Be Clearing Rapidly. to SPIRIT OF STATE LAUDED Vision of Portland Business Men in Planning Exposition Said to Inspire Confidence. While many eectiors of the coun try are affected badly by the re adjustment period following war con ditions, and a' time when it re quires real courage to step out boldly on new ventures, Portland and Ore gon are displaying confidence in the future by undertaking features which require not only a vast amount of work, but considerable sums of cap! tal as well, and the business men of th'm state and of the northwest in general are thereby showing tha they believe the only way to resume business "is to resume.' The vision of Portland business men in the matter of the 1925 exposi tion project is being complimented far and wide. At a time when many sec tions of the country were "down in the dumps" and .their business people were afraid to move, a group of Port land business and professional men cot together and. after due consider ation. decided that this city, with the backing of the state and of the north west in general, could "put over'-' the f'nem show the country has ever eeen. Without undue delay they put the nlan into practice by incorporat lng the Atlantic-Pacific Highway and Electrical Exposition company, capi talized at 5,(M0,000, to carry out the Idea. There Is no doubt that this action of Portland's most substantial and progressive bankers, merchants and other business men has done wonders in putting confidence into the activi ties of the state and northwest. That h will stimulate every line of busi ness and go far toward helping to bring about a return of normal con ditions is certain. Another large project that is under wav. insofar as organization plans go, is the financing of a company to tak hold of Crater Lake park resort, with the object of making it a world at traction and of exploiting its wonders as a lure to hundreds of thousands of tourists. In this enterprise a number of Portland's foremost finan ciers are interested, ar.d a committee H soon to be named to take forma! action on this feature. With the state highway commission busily engaged in awarding large contracts involving very large sums of money in construction of roads throuchout the state, another highly significant factor is added to the big projects under way in Oregon. There is a general feeling among financial men of the city and state that conditions are rapidly becoming better, and that in due time the situ ation will have cleared to such an extent that all lines will be enjoying fair prosperity. The most discourag ing feature of the entire field is the fact that discriminatory rates are still holding back the lumber industry. Installment remittance to all roads on account of the government guaranty, necessity for which was laid before congress by the Railway Business association, were made cer tain when tfie signature of the presi- j dent was affixed to the wins-low. Townsend bill, which authorizes par tial treasury payments upon inter state commerce commission certifi cates. It is officially announced that plans have been made whereby pay ments will bo made promptly, and this should be of great relief to the roads and their creditors. Waiting for the guaranty money has been abnorally severe upon the Tailroads, according to Alba B. John son, pre-sident of the Railway Busi ness association, and upon their cred itors because of the situation regard ing income from current operation since the government ceased guar anty September 1. In no month has the 6 per cent aimed at by the com mission been attained. The gradual release of this money into business channels will have a most beneficial effect. After a complete survey and study of the situation with regard to sav ings accounts in Oregon, J..L. Hart man of the Hartman & Thompson bank, manager of the Portland clear ing house, and secretary of the state bankers' association, says that at the rate accounts are increasing, it will not be long before the savings depos its will total $ 10(1,000,0(10. Statistics of the growth of the sav ing's accounts in the banks of Oregon, as compiled by Air. Hartman from the reports of the state banking depart ment, are shown in the table below. The figures include time certificates, but do not include postal savings de posits: December S. 1011 $24 303.942 79 November 2. 1!U2 2ls:i.i:i2.04 October 21, JOI3 30.00.-,.l:r..U October 31. 1014 S.1,!t:l, 027.72 November 10, 1!I15 , 3i.ls7.7!2.74 November IT. lUlti 43.377.478 29 November 20, 1017 5li.445.540.sO November 1. ISIS 54.2..O.030 05 November 17, 1013 7:t,Srtu.3.ifl.34 November lo, 1020 84.341. 685.11 "A study of these figures of savings reveals many interesting points," said Mr. Hartman. "The increase between 1911 and 1920 was 247 per cent. Be tween the outbreak of the world war in 1914 and the 1920 statement it was nearly loo per cent. In the two years following the signing of the armistic in 1918, the increase was nearly 60 per cent. A noticeable and gratifying feature of the figures is the steady increase in savings deposits, regard less of conditions. Our people saved during the business depression that prevailed Just before the war, they saved during the war, and they in creased their savings very materially after the war. "On the basis of 700,000 population In 1911 the savings of the people of Oregon as shown by their bank depos its were $34. SO per inhabitant. In 1920 they were $107.66 per inhabitant. It will thus be seen that the per capi ta savings in Oregon are now three times what they were a few years ago. When our people save money like this there is no reason for any one to be pessimistic" Despite the business depression at Seattle, bond sales have been holding up well, and every Indication points to a steady volume of business in se curities throughout the Puget sound region, according to James Lynch, vice-president of the Lumbermen's Trust company, who has just re turned from a week's visit to the sound metropolis. While in Seattle Mr. Lynch conferred with prominent bankers and bond dealers, and they uniformly agreed that their bond sales had been very satisfactory, con sidering conditions. The people of Seattle.. Mr. Lynch aid, are far from down-hearted on account of the slump in their busi ness. They point to other periods when they went through similar ex- periences, and declare that they will come to the top "smiling" and again enjoy prosperity. Incidentally con ditions are better by far than re ported "The general concensus of opinion among Seattle business men," said Mr. Lynch, "is that Seattle is over the hump, and that from now things will mend rapidly. The wide publicity given her troubles is keenly resented by the people as a whole. At the same time it has resulted in renew lng the city's fighting spirit, and out of it has been born a determination to regain the prestige which has been lost. "No one considers that the city has sustained a set-back. It is ad mitted, however, that the city prob ably will go ahead more slowly than it- has in the past. "While It is bending every effort to regain oriental trade, Seattle's business interests are not neglecting the opportun" ties of getting a big share of business near home. In this connection Portland business inter est i can expect stronger competitive effort and should prepare for it, not alone in territories where competition always has existed, but in regions that are commonly accepted as Port land territory." Unemployment is not seriously af fecting the volume of savings depos its in Portland banks, according to Joeo:i E. Wiley, vice-president of the Ilibernia Commercial & Savings bank. "While there are men out of work, due to seasonal conditions and the general quietness," said Mr. Wiley, 'the drain has not been heavy on sav ings' deposits. As a rule a man with a savings account is of the reliable type and is the last to be laid off. "Such reductions in deposits as have been made, due to men drawing on their savings to cover living ex penses, have been offset by the in crease in the number of accounts. The sobering effect of the times ap pears to have made many people who have not previously been saving real fee the importance of thrift. Many new accounts are being opened, and while the balances are often small, in the aggregate, their total has been sufficient to keep up the volume of savings deposits." - Reductions that have taken place in bank deposits during the period of liquidation have been almost entirely among commercial accounts. The Southern Idaho Land & Power company has placed on the market and will distribute exclusively through its own offices in Weiser and Portland, $150,000 of mortgage bonds. to draw interest at 8 per cent. The purpose of the issue is to retire obli gations. The bonds are in denomina' tions of $100. $500 and $1000. The Portland office of the company is in the Gasco building. This issue has been approved by. the Oregon corpora tion commissioner. The bonds are ready for delivery. l special "city of Portland map' has just been issued by the Hibernia Commercial & Savings bank. This map features a patent finder which shows the locatioin of all streets, of fice buildings and parks. FARMERS PROF PIG FROM TESTED SEED Impetus Given Greater Yields by Laboratory. EXAMINATION IS MINUTE Experiment Station Insures Ore gon, Planters of High Ger mination Percentage. El F, ITIXERAXT MERCHANTS FROM EAST rXDESIRABLE. Local Indnstrles Manager Advises That Portland People Buy from Oregon Firms, The practice of Portland people pat ronizing eastern firms who visit Port land in proper season and engage quarters at a downtown hotel, sending out their invitations to a selected list of names, is condemned A. Q. Clark, manager of the Associated In dustries of Oregon, as another case where Oregon money could much bet ter be kept at home. "These eastern firms do not pay any taxes and as they sell their goods merely through samples the license department of the city can do noth ing," declared Mr. Clark. Mr. Clark said that the purchasers are made to think the goods are an exclusive lot and are consequently led to pay a tremendously higher price than they would have to pay for the same article if purchased from a local merchant. "But with the local merchants ad vertising, paying taxes and partici pating in the upbuilding of the com munity, it is a mighty - poor citizen who will buy from such visitors," de clared Mr. Clark. "The hotels ought to decline housing such guests." Mr. Clark said a class of traveling peddlers such as those referred to de cidedly do not have a class of goods superior to those found in the stocks of the local merchants and that in the majority of instances their stocks are inferior. Great impetus in obtaining good stands of various crops and thereby insuring better yields has been given as a result or the farmers in uregon. more 'than ever before, profiting by the opportunity to have seed for planting tested by the United States and Oreeon experiment station s seen testing laboratory. Tests procured in this manner insure the farmer plant ing seed with a high germination per centage. Twelve miles of minute plant seed were handled seed by seed in me purity tests made at the seed-testing laboratory in the last fiscal year. So tiny are the seeds that hold the microscopic embryos of the vast po tential crops that some 3000 of the al falfa type and 9000 of the red top are contained in the five grams required for a sample. Placed in a row, the alfalfa seed would reach 14 feet, the grass seed 32, in a single sample not more than a large thimbleful. So exact are the tests and so ac curate the reports of the seed deter minations, notwithstanding the com plex and delicate character of the work, that the findings have been ac cepted as final authority and deciding evidence in lawsuits involving thou sands of dollars. The number of samples tested at the Oregon Agricultural college sta tion laboratory' for the year fell only ten short of 3000. This was the larg est number in the history of the lab oratory. Just now the germinators are loaded to capacity and the cabi nets overflowing with samples await ing their turn. Samples are tested for farmers. gardeners, seedsmen and farm bureau and other groups. In addition to pur ity and germination tests, some sam ples are examined for the identity and percentage of the crop plant seeds in field, pasture and lawn mixtures, and others are given the identification test in which the crop seed are iden tified and also the foreign seeds as far as possible. higher figure many of the farmers will let go of-thelr holdings to get money to finance their new, crop. Many of the bigger ranchers expect to hold for $1.50 Shorthorn Sale Thursday, Some registered animals will be of fered for sale at the second annual Shorthorn sale of the Klamath county farm bureau, to be held at Klamath Falls Thursday. A feature of the sale will be the financing of Klamath Falls purchases by the banks of that place at 6 per cent on loans. 5IORE VEGETABLES PLAXXED Increased Acreage for Canning to Be Set .Out at Eugene. EUGENE, Or., March 13. (Special.) Increased acreage of vegetables for canning will be set out in Lane county this year, notwithstanding the poor market for canned goods during the last season, according to J. O. Holt, manager of the Eugene Fruit Grow ers' association. Mr. Holt is confident that the mar ket for canned goods, especially veg etables, will improve in a short time. City of Seattle WASH. LARGE HD FUND DTED XORTH BAXK HIGHWAY PROVEMEXT ASSURED, IM- CAP MANUFACTURERS OX TRIP I. Jacobs to Import Woolens for Trade in Northwest. I. Jacobs, president of the Jacobs Mat & Cap works, has left on an ex tended business trip in the eastern markets in the interests of his firm, Afterwards he plans to go to Eng land for the purpose of obtaining the latest English woolens, Irish home spuns. Konnemara tweeds and Scotch woolens for the Pacific coast trade. In place of the'Britlsh made cloth hats and caps being sent to this coast the Jacobs Hat & Cap works w.111 im port the woolens and manufacture the same quality product in Portland. This will enable the northwest mer chants to have the latest imported woolens and styles in their stock while stimulating local Industry and increasing local payrolls, according to ilr. Jacobs. Sales Manager Xamed. G. H. French, who has been sales manager for the National Biscuit company at Sacramento, Cal., has just been appointed to represent that com pany at Portland, according to advices received from the New York head quarters of the concern. Mr. French began his career with the company in 1910 as a packer at San Francisco. Shortly thereafter he became a coun try salesman and in 1911 was ap pointed sales manager at Sacramento. Woolen Mill Increases Force. WASHOUGAL, Wash., March 11 (Special.) The Washougal Woolen mill has just installed a new six strain washing machine for washing blankets, and also a new brusher for finished cloth. The mill, which was closed for a number of weeks during the winter. Is now running at nearly full force putting out a big order of blankets and robes. Mill Running Part Time Only. CHEHALIS, Wash.. March 13. (Special.) John H. Werth, manager of the Walvlll Lumber company, said today that a recent announcement that the mill had resumed on full time at a reduced scale of pay was erroneous. The mill is running on part time only and at the full scale of pay of the Loyal Legion of Loggers and Lumbermen, he said. Japanese women can tell their hus bands's approach by the sound his clogs make on the sidewalk, for each piece of wood in the heel of his shoe has its peculiar timbre and pitch. BEEKEEPERS TO MEET HERE State Association Holds Annual Convention This Week. Beekeepers from all over the state will be in Portland Wednesday and Thursday for the annual convention of the State Beekeepers' association. Sessions will be held at the Imperial hotel and there will be a number of addresses on different phases of bee keeping. Discussions in which all present at the gathering will partici pate will also be a feature of the ses sions. The programme follows: First Day. 9:30 A. M. A word of welcome. 9:45 A. M. Announcements. 10:00 A. M. Organization and co-operation. Leader, A. J. Sanford, Redmond, Or. 11:00 A. M. Marketing the Crop. Leader, j. iaua, fortiana. l:l.r P. M. Appointment of committee. 1:I!0 P. I. Disease: Symptoms and treat ment. Leader. H. A. Scullen, Corvallls. z:o sr. m. inspection ana disease con trol. Leader, K. K. Root. 3-.K P.M. Queens. Leader, R. H. Hat field, Portland. Second Par, 9:30 A. M. Business meeting and election. iteporls or committees. 10:uu A. M. S pring management and swarm control. Leader. K. R. Root. 11 :oO A. M. Business methods. Leader, f ruiessor uunn. 1:35 P. M. Kquipment. Leader, Bowers. 2:15 P. M. "The Beekeeping Industry in Oregon and Its Relation to the State course. it. a. scullen. 3:00 P. M. General discussion. SAMUEL ADAMS IS IX SALEM Editor of Fruit Magazine Studies Effect of High Freight Rates. Samuel Adams of Chicago, editor of the American Fruit Grower, is mak ing a tour of the west and will be in Salem today, a guest of C. I. Lewis, organization manager of the Oregon Growers' Co-operative association. Besides inspecting the plants of the association at Salem, Mr. Adams will be taken to Dallas to see the packing plant of the Oregon growers, a plant regarded as one of the most modern and complete of its kind in the north west. Mr. Adams is editor of one of the most influential fruit magazines pub lished In the country. While not in politics, he received several votes for vice-president at the last republican convention in Chicago. He is a direct lineal descendant of John Adams, sec ond president of the United States. He is making a strong fight against the high freight rates and one of the ob jects of his visit in the west is to ob tain information and data regarding what the present high rate has done to the fruit Industry on the Pacific coast Klickitat and Skamania Counties Work Hard at Legislature for Betterments. GOLDENDALE, Wash., March 13. (Special.) State Senator Crawford, assisted by Walter G. Hufford of Stevenson, Wash., representative from Skamania county, was exceedingly active at the recent session of the Washington legislature In securing appropriations of funds for work on the Torth Bank highway in Skama nia and. Klickitat counties. Mr. Crawford is a farmer, residing near Grand Dalles, and has been a resident of Klickitat county for the last 40 years. He was first elected repre eentative in the legislature from Klickitat county and afterwards be came joint state senator for Klicki tat and Skamania counties. Mr. Craw ford has been actively identified with the republican party in Klickitat county ever since territorial days. Appropriations totaling S460.0O0 to be expended by the state during the next two years on the North Bank highway in Skamania and Klickitat counties have been obtained. In ad dition the legislature has been com mitted to the policy of spending ap proximately $1,000,000 more to be realized from the tolls collected from the Interstate bridge at Vancouver on the North Bank highway in Clarke county. It is also expected that if the federal aid bill is passed on favorably by the new congress in time to be available for highway con struction this year Klickitat and Skamania counties will obtain be tween $700,000 and $800,000 from the Btate and federal governments for expenditure on the North Bank highway. City of Seaside OREGON 6 General Obligation Bonds Dated Nov. 1, 1920. Due serially 1922 to 1930. Price 97.20 to Net From 8 to 6.50 according to maturities. Details on the Above Issues Furnished Upon Request f ARSTENS & EARLES, INCORPORATED 6 L. I. D. Bonds Dated Jan. 1, 1921 Opt 'Jan..!, 1922 Due Jan.'l, 1931 Price 98: to Net From 9.15 to 6.30 according to estimated mat. Bond Department 9fl-Wor Ret j m. 1 a w ' Establish 18B1. GoTernmeat, Municipal and Corporation Bonds, U. a. National Bank Bids. San Francisco Portland, Oregoa. Los AngrJea Broadway 410H. Seattle Spokane LAMB CROP PROSPECT GOOD Gilliam Flockmasters Report Good Percentages of Increase. CONDON, Or., March 13. (Special.) The outlook for a large lamb crop in uiinam county is unusually brighti Most of the ewes are in fine condi tion. The weather has been fine for lambing for the past few weeks and there is plenty of grass on the lamb ing ranges. Those who lambed in February report good percentages. Gene Newman, on the 30-mile range southwest or Condon, marked a frac tion over 97 per cent of black face lambs. Clyde Cripe, running sheep On Rock creek, northeast of Condon, re ports that he will mark 115 per cent. The wheat ranchers are also taking advantage of the warm weather. In the north end of the county most of them are plowing and putting in their crop of spring grain. Fall wheat is already well above the ground. Farm Bureau Drive Active. A drive for Increasing the member ship of the farm bureau in Multno mah county Is now under way and S. B Hall, county agent, reports that 468 farmers have been signed up. Mr. Hall reports that in some sections the farmers are signing up 100 per cent strong. A campaign for the extermi nation of rodents in the county will be taken up as soon as the. bureau campaign is out of the way, according to Mr. Hall. TAXPAYERS FORM LEAGUE Grays Harbor Citizens Move for Greater Economy. ABERDEEN, Wash., March 13 (Special.) By-laws were adopted, an administrative committee appointed and purpose and methods of proced ure were determined last night at i final organization meeting of the Grays Harbor County Taxpayers' league. The purposes of the league are set forth to be investigation of financial affairs of Grays Harbor count: and of all municipalities and recom- mendaton, where conditions warrant. of more careful economy in admin istration and appearance through committees before the county ajid state boards of equalization to secure more Just tax rates. Administrative power in th" league is vested In an administrative com m'ttee of 30. We Own and Offer Government of Newfoundland H Gold Bonds Province of British Columbia 6 Gold Bonds City of Victoria, B. C. Gold Bonds DIE JUNE 1, 1928 YIELD 7.10 JAN. 6, 1925 7.50 JAN. 21, 1924 8.00 Principal and Interest Payable in United States Gold Coin WESTERN BOND & MORTGAGE CO. Ground Floor. Board' of TTade Building. MAIN 113 - 80 FOURTH ST. POLL TAX BREWS COUXTY OFFICIALS PROTEST GOVERNOR HART'S BIIxL. OFFICIALS ARE UPHELD Case Against County Auditor at Kelso, Wash., Fails. KELSO, Wash., March 13. (Spe cial.) In a decision handed down this week by Judge Simpson of Clarke county, who heard the case, a demurrer of the defendants In the case of George Dufur against County Auditor Davis and other county offi cials and ex-officials was sustained. The plaintiff sought to restrain pay ment of $14,000 of emergency war rants Issued by road district No. 1, and asserted that no emergency ex isted at the time. The court held that the county com missioners had authority to deter mine whether or not an emergency existed. Washington Executive to Be Asked "ot to Sign Measure Tliey Declare Impracticable. SEATTLE, Wash., March 13. (Spe cial.) -Officials of Pierce and King counties were planning today to visit Olympia in a body early next week in an effort to dissuade Governor Hart from approving the poll-tax bill and the appropriations as finally passed by the legislature. The county assessor, treasurer and other officers who come in contact with the people in the administration of the poll-tax law insist the scheme Is impracti cable. The time limit within which the assessor must prepare lists. May 1, is too short, that official declares. Petitions for signatures of those demanding a referendum on the state poll tax will be circulated in virtually every district of the state as soon as the bill receives the approval of Gov ernor Hart, who is considered the father of the bill, since he demanded it in his message to the legislature. Sentiment in Seattle is crystallizing against the bill, and men in every walk of life are expressing their pro test in most emphatic terms. The bill calls for a payment of Jo in cash from every person between the ages of 21 and 60 years. men and women are taking advan tage of it. The high school faculty are giving their services without cha'rge. The school is held in the Community church Tuesday, Wednes day and Thursday evenings. It is the only school of Its kind in the statp. JO Sinking Fund Gold Bonds Callable at 110 for 10 Years. Thereafter at 105. Republic of Chile Pripe 99 Yield Over 8 Den. $1000 $500 FACTS CONCERNING CHILE Chile has an area of 289,829 square miles. Extends 2700 miles north and south. Has a population of over 4,000,000 people. Has borrowed money for practically a century and has always paid promptly. Has one of the world's lowest per capita debts. Average debt $50; average wealth $800 per capita. Over $665,000,000 American, English and other foreign capital invested in country. Resources include largest nitrate beds in world, rich mines, cdal, forests, and agricultural lands. iBifw-? LUMBEKMEN5 mMU TK0ST COMPANY emm BROADWAY AT OAK MMUtSHLIJUg OUR BOND DEPARTMENT is equipped to give the same reliable, effi cient and courteous service in investment mat ters, which characterizes the service of every department of this bank. 3 H - r 13 2-5 wmmmm I Ridgefield Ha9 Xlght School. RIDGEFIELD, Wash., March 13. (Special.) Ridgefield now has a night school. There are more than 60 students enrolled. Old and young Kelso Church Shows Growth. KELSO. Wash., March 13. (Spe cial.) At the annual meeting of the congregation of the Presbyterian church of Kelso held Saturday eve ning reports covering the year's ac tivities showed big increases in mem bership, attendance and enthusiasm. Preceding the meeting a banquet was servea oy me wumeii. lng officers were elected:- Elders, P. Buford and J. W. Beiger, three years; J. P. Burcham and A. B. Down, two years; Lee F. Jones and Waldo Harris, one year. Trustees, John L. Harris and E. D. Holbrook, three years; E. A. Knight and W. R. Sin clair, two years; Fred McKenney and U. G. Jackson, one year. Mrs. J. H. Paee was re-elected as treasurer. Wheat Sales Increase, CONDON. Or.. March 13. (Special.) Wheat sales have been quite heavy lor the last lew days. If the market remains steady or goes to a slightly 1921 Leases LEASES nego j tiated in 1921 will require not only a thorough knowledge of the unusual business conditions prev alent, but also an added skill, due to the delicacy of the whole situation. Strong SMacHaughtoh C0B6ETT BUILDING PORTLAND OREGON INVEST AT Portland Flouring Mills Company and its subsidiary, the Puget Sound Flour ing Mills Company, who are the manu facturers of Olympic Flour and cereals, have issued their First Mortgage 8 Gold Bonds due in 1936. We are offer ing and recommend ing the purchase of these bonds at par to yield 8. Call or write for circular. Blyth,Witter&Co. Yeon BIdg, PORTLAND Seattle, San Francisco, Los Angeles, New York. County Bonds Speak for Themselves GENERAL Obligation Bonds of Oregon and Idaho Counties may be had now to yio,ld from 6 to 6, and are In come1 Tax Exempt. They are backed by the ever-increasing resources of progressive North western localities for improvement and up building. We offer a few thousand ready for Immediate de livery. CLARK, KENDALL & CO., INC. Fifth and Stark Government, Municipal mud Corporation BONDS Out of Luck My money's in j tho bank and jewels and papery fucked j away in a j at in ' at !OA? United States j j sixth and StarK S treets. . We own and offer WENATCHEE 7 Investment Bonds. District No. 83. Par to Net 7 Est. Mat. 1922-33 The population of Wenatchee increased over 50 during the past ten years, Bhowing a stable, healthy growth based on a wealth of agricul tural resources. Phone Broadway 5800 for Detailed Circular. Keeler Brothers Portland - - - - - Denver Investment Securities United States National Bank Bldg. Our offerings include the highest type of gov ernment, municipal and corporation securities. Income Tax Advisers 10 Years' Experience With U. S. Revenue Dept. Office open 9 X. M. to 10 P. M. Sunday, Monday and Tuesday, March 13, 14 and 15. HARRY TARBELL H. F. BRAGG W. II. CHURCniLL 333 Pittock Block Travelers Checks We would direct the attention of Travelers and Tourists to our facilities for equipping them with our Travelers' Checks which are payable at all our branches, and correspondents throughout the world. We can provide these cheques payable as Canadian, New York or London, England, exchange, in denominations of ?20, $50 and $100. , The Canadian Bank of Commerce Portland Branch Fourth and Stark Sts. Oregon Farm Mortgages Netting Netting Secured by Improved farms In one of the best agricultural districts of the state. We have on hand for Immediate delivery mortxaKea of $500, $1000, $1600, $2000, $2500, $3500 nil uu. netting 7 per cent to the investor. Information Upon Request. Pacific Coast Mortgage Co. Sl R EXCII. BLDd. MAIS IT& Canadian Municipal Bonds Province of Alberta Due 2-1-1034 PRICR TO MiT 7: Pro t nee of British CoPmbia S Dae 1-4-1025 PriBClpal and Interest Payable la United States Fands. Commerce Mortgage Securities Company Chamber of Commerce Bids;., Ninety-One Third Street. Phone Main 3067. $100,000 JJeffersonCo.j HERRIN & RHODES, lac. (Established 18) BROKERS MEMBERS CHICAGO BOARD OP TRADE. Correspondents, E. F. HTJTT03 A CO. Members New York Stock Ei. chance. Private leased Wires Direct to All Security and Com modity Markets. LIBERTY AND VICTORY BONDS BOUGHT- AND SOLD MAIN 28.1 and 2S4 201-5 RAILWAY EACH. BLDG. OREGON '0 ROAD BONDS DATED DUE JAN. 1, 1921 JAN. 1, 1941 This Issue Constitutes the Only Bonded Indebtedness of the County. PRICE Par to Yield 6f0 Ralph Schneeloch Co municipal. and corporation financc Portland. Precox High Class, Long Term County Bonds maturing 1930 to 1950 to yield 6 and oyer These bonds, on normal basis, should sell at 110 to 125. These bonds will in terest you if you are an expferienced investor. Call and discuss these with us. JJj!P SMITH CAMP CO. SOUND stooa LUMBsaasMS uilsimw Fifth anb brana w sto i " ; i.