t
THE MOUSING OREGONIAX, MONDAY, NOVEMBER 21, 1921
17
FARMERS
TO
TOTAL SUIl
Agricultural Relief Act
Fully Understood.
Not
BENEFITS ARE AVAILABLE
Money Advanced ' to Banks, "Trust
Companies, Co-operative Bodles
AVhlch lioan to Producers.
Misunderstanding concerning the
nature and methods to be used in ob
taining loans under the agricultural
relief act for farmers and cattlemen
through the war finance corporation
which Victor A. Johnson, secretary of
the local agency of the company, eald
recently existed In the northwest ap
pears to be widespread. Despite this
misunderstanding advances of $1,600,
000 already have been made to this
district and many applications for fur
ther relief are now being considered.
It Is believed, however, by those act
ing for the war finance corporation
that far greater relief could be
granted through additional applica
tions if the full meaning of the act
were generally understood by stock
men and farmers.
A moan t Not Restricted.
The fundamental purpose offjthe re
lief measure Is to provide for financ
ing the farmer and livestock man, but
in practical operation loans are not
made direct to individual producers.
Bank., trust companies and co-operative
associations advance money to the
producers and In turn borrow from
the war finance corporation.
No restriction as to the amount of
money to be advanced to any particu
lar district Is being made by the cor
poration. Advances are being made
on the merits of the applications no
matter from what part of the United
States they may come. The corpora
tion has the powor to make advances
lot exceeding In the aggregate $1,000,
000,000 up to July 1, 1922.
Loan Bodies Encouraged.
TJIfferent regulations govern loans
for agricultural purposes and those
for financing exports of farm prod
uct. ProvlHlons dealing with ad
vances for agricultural purposes au
thorize loans to any bank, banker or
trust company that has itself made
advances to producers for agricultural
purposes as defined by the war
finance corporation or has discounted
or rediscounted negotiable paper
Issued for those purposes. The above
provision has been held as Including
loan associations that make advances
for the permitted purposes. Encour
agement is being given to the forma
tion of loan associations In districts
In which banking facilities are Inad
equate to meet the requirements of
farmers and livestock men. The re
lief measure also Includes any co
operative association of producers
that has itself mado advances to
producers for agricultural purposes
or has discounted! or rediscounted ne
gotiable paper Issued for those pur
poses. Through the agency of the
corporation In Portland which has
an office In the Spald'ing building
Information "can be obtained as to
how to carry out these provisions and
also how to make out applications.
. Advances Muse lie Secured.
Under the regulations the amount
borrowed may not exceed the unpaid
balance of loans made and agricul
tural paper held by the borrowing
Institution. The borrower must give
a promissory note or other Instrument
imposing on 'him an unconditional
and primary obligation to repay the
loan at maturity. Also advances shall
be fully and adequately secured in
years and bear C per cent interest.
They were offered at 97'4.
F. A. Freeman, president of the
company. Is now in Chicago, and n
reports that dealers In the east an
middle west are facing' a most
unusual situation as the result of th
advancing bond market. He says that
they are in a scramble to sret securi
ties of the better class with which
to fill their orders. The run-awa
market practically cleaned th
shelves of most of the dealers, an
now they are searching for mu
niclpals to satisfy the big demand.
' "The decrease in Interest rates,
Mr. Freeman says, "has resulted in
increases In the price of bonds,
now all securities are moving steadily
forward In price. The run-away bond
market caught the dealers with very
few bonds on hand, and now the
are attempting to catch up with the
market."
The Durant Motor Car company of
California, recently Incorporated ro
J3.000.000,-. all common stock, has
opened securities offices In 1037
Northwestern National Bank build
Ing, this city. The California cor
poration is a subsidiary of Duran
Motors, Inc. The Pacific coast fac
torjr will be located in Oakland, Cal.
CONCERT HEARD BY RADIO
STUDENTS AT AGRICCLTURAI,
COLLEGE LISTEX IX.
Magna vox Wanted so That Larger
Crowd Will Be Able to Take
Advantage of Music.
OREGON' AGRICULTURAL COL
LEGE, Corvallis, Nov. 20. (Special.)
Musical concerts In San Francisco,
with all the clearness and tone en
Joyed from a box seat, can now be
heard by Oregon Agricultural college
students. The college radio has
solved tne mystery. The local wire
less set Is used dally to receive mes
sages and students derive much pleas
ure from studying with the equip
men.
The wireless room in the physics
department has six telephones con
nected to the receiving apparatus, and
Monday and Thursday nights the
telephones are always busy. From 8
to 8:30 o'clock on these nights, the
Fairmont hotel at San Francisco gives
a musical programme an the Colin
B. Kennedy Radio- Apparatus company
sends out this programme.
The musio is played by phono
graph at the station and transmitted
by wireless telephone on a wave
length of 360 meters The programme
and conversation can be heard very
distinctly here, and it Is hoped that
magnavox may be added to the
equipment so that messages can be
heard by an entire roomful of stu
dents at the same time.
Market reports, weather forecasts,
and press news items are sent from
the Fairmont hotel from 7:30 to 7:45
P. M. Mondays and Thursday and
the WeBtern Journal of Electricity
sends a news letter at 7:45 P. M.
Messages on the commercial wire
less telephone between Los Angeles
and Avalon, on the Catalina islands,
can. be heard almost any night and
louder than by wire telephone.
each Instance by Indorsement, pledge.
guaranty or otherwise. The rate of
Interest Is fixed by the war finance
corporation and the borrowing Insti
tution may not reloan on a basis of
more than 2 per cerit in excess of
the rate charged by the corporation.
This 2 per cent was determined upon
89 a rate that fairly repaid the bank
for the cost of handling the advance
to the farmer or livestock man, the
risk taken and other matters that
might arise.
Three Yrnrs Is Limit.
The relief measure was to care for
an abnormal condition' so that the
borrowers from the corporation must
repay their loans at the em) of three
years at the latest. Loans for agri
cultural purposes remaining unliqui
dated at that time will have to be
carried by the lending banks, trust
companies, loan associations or co
operative associations.
Special provisions deal with ad
vances for financing exports of staple
agricultural products which may be
made whenever the corporation is of
the opinion that conditions arising
out of the war or out of the disrup
tion of foreign trade created by the
war, have resulted In or may result
in an abnormal surplus accumulation
of any staple agricultural products of
the United States or lack of market
for the sale of same, or that the ordi
nary banking facilities are Inadequate
to enable producers to carry them
until they can be exported or sold for
export in an orderly manner.
Directors Fix Interest Rate.
Under these provisions advances
may be made to any person in the
United States dealing In or market--)
lng any staple agricultural product
or any association of persons engaged
in producing those products. Loans
made under this provision may bear
interest at a rate not more than IM
per cent greater than the current rate
of discount for 90-day commercial
paper at the federal reserve bank in
the district in which the borrower is
situated .
Advances may be made to any per
son outside the United States pur
chasing staple agricultural products
but in no case shall any of the money
so advanced be expended without the
United States. Adequate security
must be required and the directors of
the war finance corporation may de
termine the rate of interest. Ad
vances may also be made to any
bank, banker or trust company In the
United States that has loaned money
to finance exports or make It possi
ble to carry agricultural products
until they may be exported: to deal
ers, to co-operative associations of
producers or producers themselves.
All applications for loans based on
expert financing must be made direct
to the war finance corporation In
Washington.
One of the best Indications of the
run-away condition of the bond mar
ket, according to Freeman Smith &
Camp Co., Investment bankers of
Tortland, San Francisco and Los An
geles, is the unprecedented success of
the $50,000,000 bond Issue of the New
York Telephone company.
Announcement of the Issue resulted
In 68.000 subscriptions aggregating
$488,000,000, or oversubscriptions ap
proximately ten times the amount of
the original offering. The issue was
handled by an eastern syndicate of
bankers, and as a result of the great
demand for the bonds, few were re
ceived locally. The bonds run for 20
LATERALS TO BE BUILT
Grants Pass Irrigation District to
Extend Water Service.
GRANTS PASS, Or., Nov. 20. (Spe
cial.) Three laterals, extending the
water service of the Grants Pass irri
gation district, will be excavated, bids
for the work being received Saturday.
One canal, to. be known as the Dema-
rary lateral, will cover the district
north of town above the present To
war canal. It will carry about ten
second feet of water, pumped to It
from the Tokay canal, requiring a
lift of 110 feet. The equipment will
consist of a 12-inch pump of 150
horsepower, and will add 800 acres
to the district.
The Martin canal will back up from
the end of the Tokay canal and will
water several hundred acres. The
Savage lateral will back up from the
south canal and will cover acreage in
the mouth of Savage creek and above.
Water will be taken direct, without
Installation of further equipment.
STORY BRANDED FICTION
Son of Hood River's Founder Says
Indians Did Not Kill Mitchell.
HOOD RIVER, Or., Nov. 20. (Spe
cial.) Henry C. Coe, whose father,
Nathan Coe, was the founder of Hood
River, having come' here In early days
when the Indians called the place Dog
river, has written from his present
home at Manhattan Beach, Cal., to
brand as complete fiction a story re
cently told by Ben Simpson of Port
land to the effect that Mitchell, pio
neer woodcutter, for whom the rock
promontory through which the famed
Columbia River highway tunnel is
bored, was killed by Indians in the
Cascade massacre.
Mr. Coe writes that the Cascades
fight occurred long before Mitchell
lived at the foot of the giant cliff.
He also states ttiat no battle between
the Indians and whites ever occurred
cn the Bouth aide of the Columbia.
mm
T
us
OF
on
GOODS
Federated Clubs to Survey
Household Purchases. '
OREGON LABOR TO GET AID
Effort Will Be Made to Eliminate
Carelessness Resulting in Se
lection of Eastern Products.
Federated club women of the state
are getting enthusiastically behind
the movement for Increasing employ
ment In Oregon through stimulating
the purchase and use of Oregon man
ufactured products In the household.
Mrs. Ida B. Callahan of Corvallis.
president of the State Federation of
Women's clubs, Is giving attention to
the matter by appointing a member
in each county of the state to consti
tute what is to be known as a Wom
en's Auxiliary council on Oregon in
dustries. Appointments are now be-
ng made and when acceptances have
all been received they will be an
nounced, Mrs. Callahan said.
The duty of members of this auxil
iary council will be to forward the
interests of Oregon manufactured
products in their respective communities.
Purchases to Be Surveyed.
One of the specific things which
the auxiliary will look after will be
the making of surveys of groups of
households with reference to the pur
chase of Oregon goods for daily use
as opposed to goods of eastern manu
facture," said Mrs. Callahan. "It is
largely thoughtlessness on the part
of many housekeepers as to the
source of the necessities tney Duy,
and results in the choice of the east
ern made goods. A little attention, a
little reminder uDon this point and
th Influence of many thousands of
women will be thrown to the backing
of meritorious Oregon products which
support payrolls.
Support Is Knthoslaatlc.
It was announced that enthusiastic
support of the efforts of the club
women Is being received from many
Darts of the state. Completion of the
auxiliary council Is expected this
week.
Women's clubs In various parts of
the state are embodying Oregon In
dustrlal production as a part of their
educational programmes, according to
reDorts received by Dan C. Freeman,
manager of the Associated Industries
of Oregon. Yamhill coupty women
under the leadership of Mrs. F. H.
Buchanan of McMinnvllle, are launch
ing a movement for a county-wide
survey of the purcnase ot i-acuic
northwest manufactured goods in tne
homes. The Yamhill county schools,
with the co-operation of County Su
perintendent Duncan, are lending
their support.
In addition Eugene women repon
thev are studying phases Xr the in
dustrial situation.
The Oreeon Parent-Teacher asso-
iation. of which Mrs. J. F. Hill
president, is devoting considerable
time to the home Industry movement
ar.d through its membership Is
preading Its Influence in favor or
oncouraErement of the products or
Oregon. This association strongly in-
orsed the work ana onjects oi tin
Associated Industries at its state con
NEW ISSUlJ $60,000
City of Forest Grove, Oregon
6 Improvement Bonds
Dated July 13, 1921. Optional July 15, 1922. Due July 13, 1931.
Principal and semi-annual interest (Jan. 15 and July 15), payable in United States Gold
Coin at the office of the City Treasurer, Forest Grove, Oregon.
EXEMPT FROM THE FEDERAL INCOME TAX
Legal Investment for Savings Banks and Trust Funds and as Security for Public Funds
in Oregon.
Coupon Bonds in Denominations of $500.
Legality of the bonds certified by Messrs. Teal, Minor & Winfree of Portland, Oregon.
' FINANCIAL STATEMENT.
Assessed valuation, 1920. . . .. $ 839,196.00
Real value (estimated) 1,750,000.00
Total Bonded Debt (including this issue) 257.083.22
Less Water Bonds $ 70,000.00
'Less Bancroft Bonds 108,083.22
Net debt $ 79,000.00
FOREST GROVE is the principal town of Washington County, Oregon, and is the fi
nancial and distributing center for a rich agricultural district.
These bonds are issued under the Bancroft Act for the paving of streets and are a
general obligation of the entire city.
Price 101, to Yield About 5.85
jn-zjz Blyth, Witter. & Co.
Gordon Building, Fourth mmammmmmmmmmm
and Stark Sts., about 402 Yeon BIdg., Portland.
December 1, 1921. Seattle San Francisco New York Los Angeles.
"Z Understand
99
Wherever men gather for exercise of the great
American habit of talking business, someone is
sure to remark "I understand that so and so's
proposition will be a winner."
Any amount of money is lost annually by those
who get such "inside tips." And why take a
chance on a gamble? GOOD BONDS are SAFE.
The investor knows he will get his interest the
day it is due and his principal when due. Take
no chances.
INVEST IN BONDS h i jrw '
These bonds, for example, A f
will yield you to . .. V-J fX U
Issue. Due. Yield.
Bandon, Ore., 6s Ser. 1929-32 6
Bend, Ore., 6s 1931 6
Coos County, Ore., 6s 1923-27 5"
Elmore County, Idaho, Hys. 6s.. .1929 6
All Income Tax Exempt.
Artillery Equipment Stolen.
ALBANY, Or., Nov. 20. (Special.)
Several pairs of army shoes and a few
coats and raincoats, all part of the
equipment of the 6th company, coast
artillery corps, Oregon national guard
of this city, were stolen from the Al
bany armory Thursday night. The
theft was discovered yesterday and
officers of the company are making a
check of the property to determine the
full extent of the robbery. A brake
pin was used to "jimmy" the door to
the supply room of the armory.
Interested in
CANADIAN
BONDS
We Have
Province of Manitoba
Province of British
Columbia
Province of Alberta
Greater Winnipeg Water
you prefer our onn
LIBERTIES
Vc have them of all issues.
Jiou desire
MUNICIPALS
lpc have a good selection of
Oregon cities and totvns.
fBROADvvpjy" Bank
I KttWV" -P STAB K
IIANDliES ARE OREGOX-MADE
Western Company of Avoodburn
Turning Out Large Quantities.
The Western Handle Company of
Woodburn is a cosreern putting Oregon-made
handles on the map In com-
etition with concerns In otner sec-
Ions of the country. The success of
his company is declared to be large-
due to the fact that the wood used
cured for a long period under
sheds.
This concern is now turning out a
large quantity of brackets tor use
on poles of the Pacific Telephone &
Telegraph company, as well as other
slniilar concerns, according to report
of Dan J. Freeman, manager of the
Associated Industries of Oregon, who
has Just returned from a trip up the
valley. lrge quantities of handbs
for use on tools of the Willamette
Iron & Steel company also are being
manufactured by this plant.
During his trip up the valley Mr.
Freeman visited Salem, Silverton and
Woodburn.
LEAD PENCILS- TURNED OUT
Pacific Manufacturing Plant Now
in Operation.
The first complete lead pencils
manufactured in the northwest are
now being turned out at the new
plant of the Pacific Pencil Manufac
turing company at 44 Front street.'
This concern recently was incor
porated and has taken as its slogan:
"Oregon - made lead pencils always
make their mark."
In addition to the manufacture of
lead pencils, penholders and round
wood novelties, the Pacific Pencil
Manufacturing company is Imprinting
standard makes of pencils and pen
holders to order for advertising pur
poses. All of the equipment for both
the manufacture and imprinting is the
result of local mechanical skill and
Portland materials. Insofar as it has
been found practicable.
CAR BONATOR IS INVENTED
Portland Man's Apparatus Said to
Prevent Wastage of Gas.
A new apparatus known s the
Columbia carbonator, for use in pro
ducing carbonated water, has been
invented by Harrjr H. Lewis of .53
First street.
The apparatus is declared to pro
duce a more thorough carbonatlon of
the water through means of a method
which separates the water Into
minute particles at the time of the
introduction of the gas. The device,
it is declared, will operate under
variable water pressures and tem
peratures and does not waste gas. A
saving of 60 to 75 per cent is claimed
for it. :
TEN1NO STONES GRIND PULP
Successful Experiments Conducted
at Crown-Willamette Plant.
Stones quarried at Tenino, Wash.,
are now to be used for grinding ma
chinery for the grinding oi puip i..
paper mills of this section, as the re
sult of experiments conducted by the
Crown-Willamette Paper compsny at
Its plant at Camas, Wash. Previously
stones have been Imported from tung-
and for this purpose.
Th recent exDerlments have shown
that the Tenino stone is entirely sat
isfactory for this work, according to
A. J. Lewthwaite, general iiikiio.su
of the Crown-Willamette company.
Farm Advertises 1925 Fair. j
nnon'i nheasant farm at Silverton.
of which Carl Benson is proprietor, is
already advertising the' isia i
tion through the medium oi in
lar correspondence sent out. On each
.nv.inne l nrinted in large red let-1
ters the slogan "Fortiano is".
farm specializes in pure-orea mon
golian, and rlngneck pheasants.
Gym Classes to Start. .
ul-tt.t.amtstTE TNIVERSIT Y, Sa
lem. Or., Nov. 20. (Special.) Regular
gymnasium work for all Willamette
under-class students will begin No'
vember 28. according to no? xui....
physical director, who announced that
the university ruling requiring phj-si-cal
training for under-classmen would
be rigidly enforced. Due to the de
struction of the Willamette gym
nasium by fire last May, no gym
facilities have been available this fall.
The Salem armory, however, has been
leased for basketball use and will be
also used for gymnasium purposes
Girl's swimming classes, a new de
parture In campus physical training,
were organized last week by the
varsity Young Women's Christian association.
Hotel Planned for Resort.
EUGENE, Or., Nov. 20. (Special.)
A hotel to cost 150,000 and other
Improvements valued at double this
amount are contemplated at Boswell
mineral springs, two miles north of
Drain, on the Southern Pacific main
line, according to Fred Strome, G. A
Wilson and E. S. Dawson, who are in
charge of the property and whoare
here on business connected wltb the
proposed improvements. Boswell
Springs Is a pioneer resort, having
been established many years ago by
the late Captain Boswell.
Mill Reopening Prepared For.
EUGENE. Or.. Nov. 20. (Special )
Millwrights are at work at the
Booth-Kelly Lumber company's plant
at Springfield in preparation for tlu
reopening Decemoer 1 on a full-tlrm
basis with a day crew. The amount
of wages to be paid has not been an
nounced, but it is said that they will
be considerably lower than those paid
when the mill closed last February.
Re-art The Oreironian classified ads
You can now buy
sterling bonds at half
the cost of dollar bonds
Bonds of the United States of Brazil
payable in Sterling, interest payable
semi-annually. Free from Brazilian
taxes. Callable at par.
Extra profits
The current income from Brazil Sterling
bonds is about 8, increasing to approximately
9
BOND
SPECIALS
Dominion Obligation 4
Grand Trunk Pacific Ry. Bonds
Due 1955 to Yield 7.
Liberty
Bonds
United States Liberty
Bonds and Victory Notes
are the most readily mar
ketable securities in
which money can be in
vested. We carry a large sup
ply of each issue avail
able for small or large
investment.
BOND DEPT.
Open 8:30 to 5
Sat. 8:30 to 2
LADD & TlLTON
Bank
Oldest In the Nortkwest
WASHINGTON at THIRD
Dominion of Canada 3 Bonds
Guaranteeing G. T. P. Due 1962
To Yield 5s
City of Prince George, B. C
6 School Bonds
Due 1936. To Yield 7-507.
City of North Vancouver, B. C,
6 Bonds
Due 1923. To Yield 7.75.
Cits of Port Coquitlam, B. C
6 Bonds
Due 1941. To Yield 7X0.
Prices on Application
A. F. Bernstein
& Co.
Bank Bids;.,
Portland.
Our
ExpnuM.
KM Northwester
Main 2672.
Pk. or Wire Ordern
1
Wlien exchange reaches par. v
With the rise of exchange the principal may
increase from 100 to 143.
BUY NOW. You will profit from the rise
in exchange in addition to advancing bond values.
Coupon bonds in denominations of 100, 500, 1000,
purchasable on our Partial Payment Plan.
Call or wrifre for details and prices.
Freeman,
Province Manitoba 6s. 1925
Province British Columbia 6s. .. 1925
Greater Vancouver Swr. 5s 1923
Charcoal Iron Co. 8s 1931
William Hanley Co. 7V2s 1924
Wheeler Timber Co. 7 A s. . . . . . . 1926
7
7
825'
7.90
73A7c.
BUY BONDS BY MAIL
It is easy to buy bonds by mail through the
Lumbermens Trust Company Bank. Write
us for the details.
LUMBERMENS
Ikms t fMKAjir -BANK
Broadway and Oak.
$$$m SMITH
mound n.ecm
BBBEBB
FOREIGN EXCHANGE
Lowest R . Watch
Our Window.
Direct Wire Service from New Tork.
TRANS-ATI. ANTIC ESTATES
at CREDIT CO.
103 Second St., Krar Stark.
Marshall SOS.
HERRIN & RHODES, Inc.
Established ISM.
BROKERS
New York Btnrks. Bands, Grntn, Cot
Private wires, alemlera Dnleacs
Heard of Trade,
tfil-t Rallwar Exchange Bide;
Salepheae Mala
Newberg Oregon, Bancroft 6s 1931 Par 6.00
Port of Grays Harbor, Wash.. . . 6s 1941 103.50 5.50
Enterprise, Or., Bancroft 6s 1927-31 Par 6.00
Lewis County, Wash 5s 1931 96.50 5.50
Molalla, Oregon, Water 6s 1930-37 Par 6.00
Tacoma, Wash., Improvements. . 6s 192425 Various 7.00
Sumpter, Oregon, General 6s 1940 94.59 6.50
Wallowa County, Oregon 5s 1927 97.00 5.60
Silver Lake, Irri. Dis Oregon. . 6s' ,t 1926-46 Various 7.00
Slide, Irri. Dis, Oregon 6s 1933-39 Various 7.00
Prov. of Alberta 4V2 1924 99.40 6.75
Prov. of Manitoba 6s 1946 102.50 5.95
Prov. of British Col 6s 1925 . 98.50 6.50
Prov. of British CoU 5s 1925 96.00 6.50
Prov. of British Col 6s . 1926 97.95 6.50
Prov. of British Col 6s 1926 97.95 6.50
Prov. of British Col 6s 1926 98.10 6.50
Dominion of Canada 5 'is 1929 97.50 5.90
French Republic 8s ' 1945 101.75 7.85
Swiss Confederation 5s 1926 97.00 6.25
Argentine Republic 7s 1923 99.63 7.20
Swift & Co. 7s 1931 101.75 6.80
Charcoal Iron Co. of America. . . 8s 1931 98.50 8.25
New England Oil Refining Co.. . 8s 1931 Par 8.00
Portland Gas & Coke Co 5s 1940 82.35 7.10
Pacific Power & Light Co. 6s 1931 86.00 7.25
New York Telephone Co. 6s 1949 99.00 6.05
Puget Sound Power & Light Co. 8s 1925 100.80 7.75
Van Camp Packing Co, 1st Mtg. 8s 1941 Par 8.00
G. E. MILLER & COMPANY
Portland Seattle
Northwestern Bank Building '
SECOND FLOOR , PORTLAND MAIN 4195
I
A Conservative Custodian
Established 1892
A GE in a bank means that
the institution has ' been
tested, that it has lived through
periods of .stress, that its poli
cies have been such as to pro
tect its depositors.
The Hitiernia Commercial &
Saving-s Bank has as its watch
word, A Conservative Custo
dian, and this continuing- aim
has led the Bank for these 29
years.
MiMata
.IOISAL aisutvf
SYSTtM
ICXXXZSCULl
AND'
WINGS J
4th and Washington
City of
Salem, Or.
6 Bonds
Dated Due
Nov. 1. 1921 Nov. 1, 1031
Optional Nov. 1, 1032
Denomination $500
Price 102.50 Yielding
About 5.60
County of
Lincoln. Or.
6 Bonds
Dated
Sept. 1, 1021
Due
Sept. 1, 1U20-33
Denomination $1000
Price to yield
5.60
Wire Orders Collect
Ralph Schneeloch Company
MUNICIPAL AND CORPORATION FINANCE
LUMBERMENS BUILDING
Portland, Oregon.
Bankira
g Service
Your banking requirements may be entrusted
to this Bank with every confidence that care
ful and efficient service , will be rendered.
The Canadian Bank of Commerce
Portland Branch. Fourth and Stark Streets.