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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Sept. 12, 1915)
12 THE SUXDAY OBEGOXIAy, PORTLAND, SEPTEMBER 12, 1915. NOTED FINANCIERS GUESTS FOR DAY Points of Interest in and Around Portland In cluded in Trips. PRAISE GIVEN NORTHWEST Bankers Krom Many Points, Prin clpaJly, Eastern States, Begin Arriving Early and Leave Later for California. About half the banking capital of uuumry was represented in the aggregated groups of Eastern bankers who tarried in Portland for 12 hours jeoieroay on tneir way from the Seat tie convention to the fair in San Fran. Cisco. But the visitors were not here as -?U "iT er as Pleasure seekers and sightseers. As such they were treated by their Portland hosts. Their visit was informal unofficial. The only evidence that their presence con veyed of their association with the banking business was the fact that their entertainment was provided by the Portland Clearing House Assocla- uu a" committees of Portland bank ers, i The Portland Hotel was headquarters for all the visitors, of whom 600 ar rived before breakfast. While h number grew constantly throughout u. mo presence oi so many stran gers was not apparent because they all scattered to distant parts of the city. Points of Interest Seen. Trips through the scenic sections of the West Bide, including- Portland Heights. Kings Heights and Council Crest, trips io the residence districts of the Kast Side and short Journeys over the boulevards were the order of the day. Some even went as far as Crown Point on the Columbia River Highway. The crisp autumn air made the pleasures of travel all the more pronounced, they remarked. Most of yesterday's visitors were from New York, Pennsylvania, Illinois and various other sections of the Mid dle West. A special train arrived early in the morning bearing the Oklahoma bank ers. They remained at the Imperial Hotel until 9:30, when they left on the steamer train for Klavel, whence they sailed on the steamer 'Great Northern for San Francisco. The Pennsylvania bankers arrived on another special about 9 o'clock, and following them came three specials over the Northern Pacific carrying the New York bankers and financial men from various parts of New England and the Atlantic Coast. The Illinois bankers, Iowa bankers and others came in on the regular trains. Prominent among yesterday's visit ors was P. W. Goebel, President of the Commercial National Bank of Kansas City and vice-president of the Ameri can Bankers' Association, to which latter, position he was elected at the Seattle convention. Wealth pf Northvrrnt Oratlfyina-. "The Seattle meeting served a very important purpose," scid Mr. Goebel, "as it impressed the Eastern and Mid dle Western bankers with the advan tages of the Pacific Northwest. It was a revelation and an education to many of them who thought you had nothing out here but lumber. They were glad to learn that this country 1r rich in agriculture and other stable resources. W. J. Bailey, ex-Governor of Kansas, was another visitor. Mr. Bailey is vice-president and managing officer of the Exchange National Bank of Atch ison, and has taken an active interest in the affairs of the bankers' associa tion for several years. Frederick E. Farnsworth, secretary of the association, was with the New York party. He is enthusiastic over the prospects of New York City becom ing the financial center of the world as a result of the European war. He believes, however, that the United states will be required first to estab lish an adequate merchant marine. '"The Federal reserve system is do ing good work," said Mr. Farnsworth, "but it will have to be modified in some particulars." Woman Hanker Greeted. One of the real distingui-hed visit ors, though, was Mrs. C. N. Jones, president of the First National Bank of Henry, 111. Mrs. Jones was the only woman who, as an active officer of a bank, was in attendance r.t the Seattle convention. She is one of the few women bank presidents in the country. "It was my first National conven tion," said Mrs. Jones, "and I guess 1 was a little timid, but I'll know better the next time. I know the ropes now. They.certainly treated us splendidly at Seattle and the men seemed to wel come the presence of a woman." Mrs. Jones is president of her bank in fact as well as in name. She is act ively on duty every day and has di rect charge of the bank's affairs. "I don't think we make any loans that I don't know all about." she laughed when questioned about her methods. She was accompanied by her nephew, J. L. Jones, cashier of the bank, and his wife, and by her daughter, Miss Margaret Jones. Edward F. Schoeneck. assistant cash ier of the Corn Exchange National Bank of Chicago, and Mrs. Schoeneck, were with the Illinois party. While in Portland they visited Mrs. Emily Schoeneck. widow of Mr. Schoeneck's "brother, and Miss Marjorie Schoeneck, of 320 East Forty-seventh street. North. Federal Ranker in Party. Elbert U Johnson, of Waterloo. Ia., a director of the Federal Reserve Bank at Chicago, was another of those who viewed the resources of the Northwest with much gratification. "1 am glad to see this country branching out in the dairy business," he said. "There should be great op portunities here for dairying. You can pasture your cows nearly the whole year around, but you ought to have 10 head for every one you have now." Edwin M. Wing, president or the Batavlan National Bank of La Crosse, Wis., who was elected treasurer of the National association at Seattle, is much Interested in the lumber industry, as La Crosse is the center of what once was an Important lumber district. He was accompanied by his little daugh ter. Miss Mary Wing, who is the mas cot of the party. Thomas B. Paton, of New York, gen eral counsel of the American Bankers Association, was another prominent visitor. Most of the bankers left last night for San Francisco. HOW SOME OF THE EASTERN BANKERS LOOKED WHEN THE OREGONIAN MAN SAW THEM AT THE PORTLAND HOTEL YESTERDAY. -rnp . . , r m -)l 11. Y- rJfh. fi Vs 7 V o - 4 l-reter's Aide Home From Toar. Charles E. Flory, assistant district forester, returned yesterday from the State of Washington, where ho went to make a tour of the ranger stations in the Olympic and Washington Na tional forests. He reported that there bad been no fires In the Olympic forest J " l- . .. . r 'JsSSJS?-.i , t?fi2; k v - if I'" 1 K.dvrard K. Schoeneck. Chicago. (2 William Mc-B. Dell, of Plttabnrs. 3) Mra. t. Jones, of Henry. 111., the Only Momii Dunk President at the Seattle Convention. (4) V. M. Wing, of Lai roiw, In., Treasurer Ameri can Hankers Asnuclatlon. 3 U. 91. Marlln, luboin, la.. Member Execu tive Committee Hankerx' AsHoclatfou. I. -V. t.oehel, Kaunas Cltv, Vice President Hankers' AsMoclation. (7) W. J. ftallev, AtchiMOn, Kan.. Ei. (ovrrnitr of KannaM. (Si Mra. Kl ward l-. Schoeneck. ii Thomas II. Paton, of ew York. t.eneral Coun sel for Bankers Association. (10) H. S. Zimmerman, Pittsburg. (II) Mary "ivlnjr, of LaCrosse, Win., Mas cot of the Party. during this esason, and that the few small ones in the Washington forest had done no damage. .UMBER TO GO UP PEAK Mules to Carry Mutt-rial Up Mount Hood tor Lookout's Cabin. Twenty mules have been assembled at Government Camp, on the side of Mount Hood, to carry lumber up the moun- ain for the construction on its summit of a cabin to be occupied by employes of the forest service. The first pack train will be sent out tomorrow morn- ng, and will carry lumber to Crater Rock, only a quarter of a. mile from the summit. From there 10 men will take it to the cabin site. The cabin is to be occupied durintr. the Summers by a Federal lookout, who will notify the forest rangers by tele phone of the location of timber fires. It will be completed about October I. and will not be used this season. It is probable that E. Coalman, the veteran guide, will Jive there next Summer. Linn County Family Reunion Set. COTTAGE GROVE, Or.. 'Sept. 11. Special.) A family reunion of the Stewart Lewis family, one of the best known of the pioneer families of Ore gon, will be held at Foster. Linn Coun ty. October 11. Printed programmes have been issued, upon which there are 15 numbers, all but two being by mem bers of the Stewart family. It is ex pected that there will be between 200 and 300 present. S. K. and J. H. Lewis will attend from here, the former being on the programme for a paper, "Short History of the Lewis Family." Cotton sed hnl are now being: used ex tensively instead of hay and straw for the packing of glabsware. GREELEY FUSS REVIVED REPORT FAVORABLE .TO EXTEN SION GIVEN IV STATEMENT. cars about 15 minutes. This would add to our comfort and to a great degree make the lives of thousands who live on the Peninsula more happy and inci dentally increase the value of their homes and lots." JUNIOR "GUARD" GROWING Willi Iiu-reascd Membership .Second Company to He Kormcd. Company A of the Junior Oregon National Guards has become so large and strong that the members have de cided to organize a new company to be known as Company B. Four of the choicest men of Company A have been detailed to organize the new company. They are Sergeant A. Armstrong. Cor poral G. Die kink, and F. I'aulson. The boys of Company A recently !pent a week at Vancouver Barracks, where, by the courtesy of Major Brook, they were taught trench digging and bridge building. They also won out at maneuvers here. Linn County to Show at Two Fairs. ALBANY, Or, Sept. 11. (Special.) Plans for a Linn County exhibit at the Oregon State Fair at Salem and at the Land Products' Show in Portland are being developed. The Albany Commer cial Club is taking the initiative in ar ranging plans for the exhibits. MUSICIAN" PLAYS ON CIGAR BOX VIOLIN. Attempt of Faction to Discourage Im provement Ia Answered Net Coat Set at eo.OOO. A new fuss has developed between factions in the outer Peninsula districts over the proposed extension of Greeley street or Willamette boulevard from Killingsworth avenue. The trouble re sulted in the issuance of a statement recently by one faction attempting to discourage rhe proposed improvement. The other faction replied yesterday with a statement giving the other side. The renort favnrin? th nrnicpt Is signed by O. F. T. Johnson, secretary, I and c 1 McKenna, president, of the Greeley street extension committee of the Peninsula Associated Improvement Clubs They declare that the oppo nents of the improvement are represent ing "selfish interests outside of the assessment district." The proponents of the improvement say the net cost of obtaining the right of way will be $60,000. After this is done it is estimated that subsequent work, including engineering and paving will be S243.394. "This price," say the proponents. "represents a maximum number of improvements at a maximum price. "In relation to the cost, the enor mous benefit, to us who have built our homes on the Pe'ninsula and others who are tired of going the longest way around as the shortest way home, should be considered. It will shorten the distance almost a mile and a quar ter, and the running time of street- mSSi tm$m t - " f i t "Karl." Prominent In the makeup of its first big seven-act bill, under the new policy at the Empress , today, will be "Karl," the musi cian who has been stolen from the big time and who made such a tremendous hit in this city a few years ago. "Karl" has a standard press agent story .to the - effect that when he was a boy he' was too poor to own a regular violin, so was driven to the necessity of making one out of a cigar box. However true that may be, the fact is that he does wonders with such an instrument in these days. The Empress is hereafter to offer seven acts and pictures at each performance. LAND SHOW SPACE l GREAT DEMAND Officials Say 50 Per Cent of Allotment for Manufactur ers Already Reserved. COUNTIES WILL EXHIBIT President Kingsley Announces Tbat Policy or "First Come First Served" Will Prevail and Promises Fine Display. Practically 50 per cent of the space set aside for industrial displays at the Manufacturers' and Land Products Show has been reserved, according to the manufacturers' bureau of the Chamber of Commerce. The campaign to sell space for the Fall exposition is well under way and many of the lead ing manufacturers of the .city have an nounced an intention to ' take part ir the show. More than a dozen counties in the state have written for space in the land products section. Some of the best agricultural and horticultural dis plays at the state fair at Salem will be brought to Portland. Many . com munities over the state have asked for space and will collect an exhibit espe cially for the exposition in Portland- October 25 to November 13. All concerns taking space before September 25 will receive & discount of 15 per cent. Heretofore it has been the practice to sell space on commis sion. This year no solicitors will be in the field until after September 25, and exhibitors will receive this com mission if they come In before" that date. R. B. Bain, Jr.. chairman of the man ufacturers' exhibit committee of the exposition, is confident all space will be taken befare the opening of the show, rlrms in Portland and over the Northwest participating in last year's exposition were among the first to speak for space for this year's exhibi tion. "Now is the time to select space for the show," said President Kingsley yesterday. "We know of a great many firms where the managers have de cided to take part in the exhibition," he continued, "but they have not se lected their space. The arrangements of the Armory and the temporary ex hibition buildings are such that good spaces have been provided for exhibi tion purposes. Aisles are wide and the general arrangement of the show will be such that eachc exhibitor will be in a position to make a creditable showing. "While all the locations are fine, those coming first naturally will have first choice. After glancing over the list of firms already signifying an intention to take part in the exposi tion, we are assured of one of the most attractive shows of the kind ever Planned in the West. The Manufac turers' and Land Products Show is for and by the members of the Chamber of Commerce to the consuming public of . the Northwest, and all industrial concerns of Portland can help make it a great success by having a part. in the undertaking." 20-YEAR FARM LOAN DUE OREIiOSi TO BE KIR ST STATE TO HAVK KKXV SYSTEM. EDICATIONAU VOCATIONAL DAY AND NIGHT SCHOOLS AVERAGE EARNING CAPACITY OF MAN MATHEMATICALLY EXPRESSED man -j- muscle . . . , $10 a week man - - muscle and skill 18 a week man -j- muscle, skill and education. $39 a week Day Schools Automobile College Preparatory Business, Shorthand or Combination Civil Service Electrical Boys' School General English School (Men) Trades Chemistry Wireless Unit Courses Accounting Advert isinc Alsebra Assaying Architect Draftlna Arithmetic Automobile Bookkeeping Boys School Business Law Chemistry eivii service Efficiency tichool Electricity CnfrlisU for Forelm Wen English Grammar and Reading Freehand DrawLnc Geometry German I-attn Mecnanlcal Draft. in. Penmanship Pharmacy Physics Publlo Spenktns1 Salesmanship Spanish Miort nana Surveying and uapping how Card Writlns; Telegraphy Typewriting ocal Music Wireless Telegra-PhT Check the school or subject- in which you are interested and send to Y. M. C, A., Taylor and Sixth Streets Free Catalogue Will Be Sent Steps Heina Taken to I-:Htabllxh Acri PliKural t red it Corporation to Brain Work In SO Days. Orison will be the first (state in which a new system of agricultural credits is to be installed, on the baals of a 2U-year loan. Under the auspices of an Kastern company, steps are be ins taken to establish an Oregon Agri cultural Credit Corporation and within 30 days the new concern expects to put its first money out. In California, an agricultural credit corporation has been formed but is op erating on the basis of straight ten year loans, without the provision which is worked in with the proposed 20-year loan system which enables the farmer to pay off principal and inter est to pay installments so that he hardly misses the money let out. Norman Lombard, secretary-treasurer of the California corporation, is in Portland working on the preliminary arrangements for the establishment o the new corporation in this state. Under the system to bo established, the farmer will pay a fixed rate each year, a part of which will be applied on the interest and a part on the prin cipal. In this way. the same amount being paid each year, the amount to be applied, to the interest will contin ually decrease and that applied to the principal will be continually increased until, at the end of 20 years, the full principal and interest has been met. For example on a loan of $100 at T per cent, the farmer will pay $9.46 a year. The first year $7 will be ap plied to interest and$2.46 to principal leaving $97.54 of the principal unpaid in the first year. In the next year the same amount will be applied $6.83 to interest and $2.63 to principal, leaving $94.91 on the principal. The next year the Inter est will be $6.64 and the payment on the principal $2.82, and the residue of the principal $92.91. Thus through the 20 years the small payment will continue to handle the decreasing Interest and to be applied in increasing sum to the principal until in the last year the full debt is cleared. A total of $188.56 will have been paid in 20 years to retire princi pal and interest. On a straight loan at the same rate $140 in interest alone would have to be paid, making a total in 20 years of $240. Under the new credit system the cost to retire the principal and inter est Is $51.44 less. At a rate of 8 per cent, which pre vails in Oregon, there would be the same saving by the new system over the amount paid under a straight loan for a similar period. The plan of agricultural credit is on the same basis which is common in Eu rope and which has proved so success ful. The corporation intends to offer a reasonable rate of interest, as its desire is to obtain wide margins of se curity and the most intelligent and progressive farmers as borrowers. GAME LECTURER IS COMING Dr. W. T. Ilornaday. or Xew York, to Tell of Protection Plan. Dr. William T. Hornaday, director of the New Tork Zoological Garden, will arrive in this city this afternoon. Dr. Hornaday is coming primarily to give a lecture at the Central Library tomorrow night. He is touring the western part of the United States to STUDY SPANISH To meet the demand of business men for Spanish, we have secured MR. RAYMOND DE SAINZ, of Buenos Aires, Argentina. To be our Spanish teacher the coming year. Mr. De Sainz also speaks Eng lish fluently and has had the advantage of practical business office experience both in Argentina and in the U. S. Several of his former students from New York City are now holding responsible positions in South America. CLASSES ARE NOW FORMING. O L M E S BUSINESS COLLEGE "Always Progressive" WASHINGTON AT TENTH, PORTLAND, OREGON. LINK'S BUSINESS COLLEGE Stenographers, Bookkeepers and Cashiers Thoroughly Trained. Expert Teachers Day and Night School New Classes Will Be Started This Week. Many New Students Are Now Entering Our School Enroll Now A. T. LINK, Gen. Mgr. Telephone Main 5083 Tilford Bldg Tenth and Morrison Portland, Oregon enlist the sportsmen ;.nd those Inter ested in game protection in the move to create sentiment favorable to the withdrawal from the Xational forests of such lands as cannot be used for grazing purposes. Upon this land, if the plan of Dr. Hornaday is approved by the next Congress, will be propagated same animals and birds that will receive protection long enough that they may become an unending source of food supply. Dr. Hornaday will talk of his plan at the Library tomorrow night. Mails to Be Routed Via Koseburg. ROSEBURG. Or.. Sept. 11. (Special.) No attempt will " be made to route the mails to Marshneld over the rail road to Acme and thence by stage, ac cording to an announcement made here today by Government officials. Under the Winter schedule the mails for Coos County will be routed via Roseburg as in the past. Ez -Z. 5HJ A OT OPPORTUNITY IN THE WEjiT OKANOGAN IRRIGATION DISTRICT 9,400 acres bordering the Okanogan River will be irrigated with the com pletion of this project. This section combines the soil and climate of the most favored fruit growing districts of the state, with unusual opportunities for dairying and stock growing. A farm unit of 40 acres has been estab lished and a price fixed on the excess acreage of land by the Board of Direc tors, which enables the homeseeker to purchase high class irrigated land at prices lower than prevailed twelve years . ago in irrigated sections of Washington. Srnd for our FREE publication trilh map and full description of country. F. W. GRAHAM Western Jmm igra t ion Agent Great Northern Ry. Seattle, Wash. P.O. 7 Belmont School (For Boys) 21 miles tooth of San Francisco We trunk that we oriva to tumr coys what tbonrbtful parents wish. Dnr graduates enter, on rebomraendftiion. Institutions that admit on eertifica.te and on euinination (see pace tt ot our catalogue) to Harvard. The Massachusetts Institute ot Xecnnoioery and k'ala, whoso ad miAslonreqnirementsaretnoetsevero. Send for beautifully illustrated catalogue, which elves Dot only a very trood Idas, of the spirit and pur pose of the school, but ot its equipment and its attt-tKiTi arhool horns. Nothlmr. however, can quite take the place ot a visit to the schooL W Head Master. Box M Belmont. Cat. . k, qua St Mary's Academy and Coflege Cunauctea tor Giri py tbe S1STKR3 UK ItxA aULI AAJI1U9 U JJbSU9 A.NU MARX COMFLEIK GRADE, ACADEMIC and COL LEGE COURSES Commercial. Domestic Science and Elocution Dep'a.. MUSIC Planet Voice, Violin. Viollncello, Harp. Harmony ART Water Color. OH Painting. China Painting, Designing. History of Art. Resi dent and Day Student. Address Sister Su perior. St. Mary's Academy. Portland. Or Miss Edith Gregory Portrait Painter and Teacher of Art Five Years European Training. . Studio 818 Hancock St. Telephone East 6510. PACIFIC UNIVERSITY FOREST GROVE. OREGON. Stands for Character Building. -Standard work Splendid Campus and Buildings. Send for free il lustrated Bulletins and cata logue to C. J. BUSHNELU Pres Forest Grove, Or. Immaculata Academy Stanton Street and Will lama Avenue. HIGH SCHOOL FOR GIRLS Conducted by Dominican Slatera. Complete Academic, Commercial and Domestic Science Courses. Special Attention Given to Manic. feopTLAND SCHOOL TOMORROW! ENROLL. AT ONCE! If you have collctxe amhi tlona. your beat opportunity to achieve them will be by enrolling tomorrow at Portland Academy, the one Oregon tichool cKpccinllv nutted for college "prep."" work. This has been demon ft rated by over one-ha If I' o r Hand Academy KT.iftii ntc entering1 college. Then having- suweessful business and professional careers. Possibly, it is something about the unumial scholas tic work done at the school, the athletic opportuni lies and so forth. Kxcetlent grammar Rradvs end engineering work done in connection. Also boarn intr and day schools f o r both boys and Krls. Call Main 7478 (Portland Academy) at once if v o u desire to enter; or pav a personal visit to J A MKS K. RiVI(i, l'ri;i.. Portland Academr. X'ith n:itl Montgomery Stm-tn. Portland, Or. Learn Engineering We teach Practical Electrical, Gas and Steam Engineering, Mechanical Drawing and Ma chine Shop Practice. Send for catalogue. SealtleEngineeringSchool 104 West Roy St, Seattle. SCHOOL OB the: Portland Art Association Day. Evening and Saturday Classes, Drawing;. Painting. Composition. Designs and Crafts. Seventh Year Begins October 4, 1013. Museum of Art. Ki'tn and Taylor Sta. Suburbs oi Oaluand California The only Wamv'iCoIWi.Jo dc Paoiic Coksc and eraduauor rerjuironcm eouzviicn Univeiiiij d Odifornm SCKodam Dcparancm rQ raiunc a Hootf KcoooauCsv iina jn Gymaanua ana Playrroand Saper riaxn. Special auc fc beattb ot ma&rvtm. Chrixon influence-, undcnoaunatlonai. tfeUtcxm becjo flcBtrrnUar 14CB For catalogue addrea n-j;. Milii College P. O. GafiforalB. MUSIC EDUCATION SCHOOL 71fc Everett Street Corner Twenty-second Elementary School for Bora and (Wrla English. Mathematics, Music, Man ual Arts. Gardening. French and German. Third Year Opens Tuesday. Septem ber 14. Telephone Main 899.