The Sunday Oregonian. (Portland, Ore.) 1881-current, August 20, 1916, Section One, Image 10

The Sunday Oregonian., August 20, 1916, Section One, Page 10, Image 10

Image provided by: University of Oregon Libraries; Eugene, OR

About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Aug. 20, 1916)

Prev Page of 76 Next Prev Issue Next Text PDF JP2 (4.7 MB) Clip/Print Image

Return to Top

Prev Page of 76 Next Prev Issue Next

Newspaper Page TextTOE SUNDAY OREGONIAN, PORTLAND, AUGUST 20, 1916. WELL-KNOWN AUTHORITY ON RURAL CREDITS WHO SPOKE AT THE CHAMBER OF COMMERCE LAST SANTA FE RAILWAY MR. MYRIGK TALKS Oil RURAL CREDITS NIGHT AND LOCAL COMMITTEE WHO RECEIVED HIM. INSURES EMPLOYES Two-Year Trial System in Workings of New Law Shown From Viewpoint of Both Borrower and Investor. Force With Expense Borne by Company. RANGE IS $250 TO $3000 GREAT SAVING PREDICTED President Ripley Sends Letter ol Bankers, Business Men and farm ers Hear Agricultural Kconomist Explain Advantages to Be Gained by Tillers of Soil. Explanation to Local Officers Who Are Instructed to Send In Karnes of Beneficiaries. 10 ml k mm gp! fojjjj Vo acauaint the farmers and the small Investors of the country with the mutual benefits that they are totlerive from the new Federal farm loan sys tem, Herbert Myrick, well-known pub lisher, author, economist and widely known exponent of improved conditi tions on the farm, addressed a big leathering of bankers, business men and farmers at the Chamber of Com merce last night. Mr. Myrick, who, for nearly a quarter f a century, has advocated an adequate system of rural credits under direc tion of either the state or Federal Gov ernment or both, arrived in Portland yesterday afternoon. Whitney L. Boise, John B. Cronan and Frank S. Myers, comprising a committee from the Cham ber of Commerce, met him at the Union Station. He is staying- at the Benson. Mr. Myrick's talk at the Chamber last Slight explained in intimate detail the purposes and the workings of the new Kederal law. He showed by Illustra tive examples how the statute is ex pected to work how it benefits the farmer, and how it benefits the inves tor. In approaching his subject Mr. My rick laid frequent emphasis on the difference in cost to the farmer of se curing land loans under the old system of farm mortgages and under the new eystem. Farm Rates Now High. "By the old method, so long in vogue." said he, "the cost of mortgage money to American farmers, including commissions and renewal charges, now averages about 84 per cent. This means that the average farmer now pays what is equal to $85 yearly for the use of $1000. In 33 years these annual charges of $85 amount to $2805. If the $85 paid each year earns only 5 per cent compound interest, this will aggregate about $3595 for compound in terest alone, during the 33 years, which Fum is lost to the borrower. Add it to the $2805 and we get some $6400 as the total cost and loss to the borrower of $1000 for the 33 years by the old way. find he still owes the original $1000 of principal. "By the new method, with interest b. 6 per cent per annum, paid 24 per cent semi-annually, and 1 per cent ap plied on the principal each six months together with all savings of simple and compound interest, the farmer pays in a total of $70 each year, or $2310 in 33 years, but by the end of that time his debt is paid off in full. "Therefore, to pay interest and other charges upon a farm mortgage of $1000. and to have the principal of the debt paid off in full at the end of 33 years costs, by the old method, $7400; costs, by the new system, $2300; saving by the new system, $5100. Payment Made Easy. "The new system enables the bor rower to pay.his debt almost 'without feeling it.' "Total payments yearly almost one fifth less than by the old method, not only meet interest, but by the new system gradually discharge the princi pal also. i "The actual savings by the new over the old way is some $5000 on each $1000 borrowed for 33 years. "The shorter the loan, the less the saving, but the sooner the debt is paid. Thereafter, all the interest accrues to the farm owner." Mr. Myrick explained that the new law provides that any ten or more farmers who wish to borrow money for a long period of years may form a National farm loan association. Each farmer must pay in $5 for one of its shares, for each $100 he wishes to borrow. The association invests that money in shares of the Federal land bank for its district. , To start it, the Government tern porarily advances so much of the land bank's $750,000 cash capital as is not paid in by associations, individuals, corporations or states. Only shares owned by member associations and by the government, can vote. Clique Control Prevented. j. u us, ne continued, "no trust or clique can control, but the system must be run for the mutual benefit of bor rowers and lenders. No dividends are payable upon Government stock. As eventually the banks' shares will be owned mostly by member associations composed solely of borrowing farmers. the entire net profits (after defraying expenses of efficient administration) will accrue to borrowers' benefit. The only exception to this will be dividends upon such non-voting shares of the land bank as are held by others than the Government and member associations. "Apparently no loophole is left whereby the system may be manipu lated to the disadvantage of borrowers and investors. Exploitation by middle men appears to be guarded against. "It will be easy to start a National farm loan association in your school district, township or county and to in corporate it under the new law. Then the method of getting a loan will be simple: Suppose you have a farm worth $5000 and wish to borrow $2500 to im prove, work or stock it. You pay $125 for 25 shares in such association and give it your promise to pay $2500. This note is secured by first mortgage upon your farm. The association indorses your note and sends it to the Federal land bank, which forwards the $2500 to your association and it turns the money over to you. Principal Payments Small. : "Besides paying the interest on your note each six months, you also pay a little on the principal semi-annually. If the interest is at the rate of 6 per cent payments of about $35 every six months on each $1000 will not only meet th interest, but leave enough to reduce th principal so that in about 33 years th debt will be wholly paid off. "You can pay off faster if you like. When your debt is paid in full, the money you invested in shares of your National farm loan association is re turned to you in full." Mr. Myrick explained also the process of issuing bonds undeV the new system and declared that these bonds will prove attractive to small investors. "In order to get more money," he said, "the Federal land bank may sell bonds, secured by the farmers' mort gage notes. Each mortgage being steadily reduced, the security back of the bonds steadily increases. The bank buys in and retires bonds with the in stallments of principal received from borrowers. This makes the bonds so safe and marketable that they will be choice investment for any sum from $25 up. A3 the public realizes the attrac tiveness of these bonds, eventually they may sell on a parity with state or Government bonds." j "" ""I'M nil ijfi Tn". . 1 1 M . . ' " " " " ' " ' 1 : MILLMEN TO MEET r f n - 7 ' X " " 1 r - ' ; , J I I Bridal Veil Plant Will Be Place of Gathering. LUMBER PROBLEMS TOPIC At Conclusion of Sessions Members of "West Coast Lumbermen's As sociation Will View Colum bia Highway Scenery. An important meeting of the Xorth Pacific district of the "West Coast Lumbermen's Association will be held in Portland Friday of this week. The meeting, in fact, will be held at Bridal Veil, on the Columbia River Highway, about 32 miles east of Fort- land, but in speaking of lumber pro duction Bridal Veil always is included in the Portland district. The large, modern plant of the Bridal Veil Lum ber Company will be the scene of not only the business meetings, but of a study of up-to-date methods in milling. The Bridal Veil plant is operated Dy water power and includes in its ex- raordinary equipment a w.ter tur- ine 36 inches in diameter, turning over 730 revolutions per minuie, wiia stream one and one-half inches m diameter playing on it and delivering 400 horsepower of continuous energy. Small Turbine to Be Shown. In contrast to this great machine is baby turbine 12 inches in diameter. perated by a stream the size of a ead pencil, which turns the turbine 250 revolutions per minute, generat ing 25 horsepower. The Bridal Veil plant 13 somewnat nlque in the lumber industry, being operated entirely by water power, with more than a dozen machines directly connected in such a manner as to eliminate the use of belting, chains or other transmission. This meeting at Bridal Veil has been arranged in accordance with the as sociation's policy of getting away from routine work and encouraging prac tical demonstrations of important in dustrial problems. The programme for the session calls for the lumbermen to assemble at 'the Benson Hotel Friday morning, August 25. At 11:30 automobiles will start with the entire party to Bridal Veil. Luncheon will be served at the plant, after which an inspection of its water power equipments and machinery will be made. Problems to Be Discussed. Following the inspection of the plant, the regular monthly meeting of he association will be held in the Bridal Veil amusement hall. At this meeting important manufacturing, mar keting and association problems will come up for discussion and final action. At the conclusion of the business ses sion the lumbermen will take auto mobiles and proceed on the Columbia Highway east as far as Bonneville, af fording visiting millmen from other tates an opportunity to view the won derful scenery from Bridal Veil to( Multnomah Falls. seven years located In The Oregonian building, is now formally established in his new and larger quarters on the sec ond floor corner of Filers building, Broadway and Alder street. The new quarters have a frontage of 61 feet on Broadway, affording a large daylight salesroom. The formal opening was held Friday. Mr. Dunn yesterday predicted that gray would be the prevailing fashiona ble color for men's clothes next Spring. The wool and war situation have left their imprint on the men's clothes mar ket as much as anything else, he says, and gray has been resorted to as the best relief from the available sombre colors which crowd the market as the result of the shortage of dyes. PASTORTO STAY LONGER REV. M. P. FIKES WILL REMAIN AT WHITE TEMPLE SIX MONTHS PEACE FILM THRILLS JIMMY DUNNE HAS MOVED Clothier Opens Large Emporium in Kilers Building. Jimmy Dunn, well-known dealer in men's suits and overcoats, for the last Action of Church Board. Is Believed by Some to Forecast Call for For mer Detroit Minister. The "White Temple is assured of a pastor until May 1, 1917, at least. Rev, Maurice Penfleld Fikes, formerly of Detroit, who has been supplying the pulpit for the month of August, has been asked to remain for a period of six months beginning November 1, and has consented. This announcement was made yesterday by members of the church board. The agreement reached appears to many of the members as a forerunner of one that will mean the calling of Dr. Fikes as permanent pastor. He will go East September 2 to fill an engage ment made several months ago and will return to Portland the latter part of October. In the interval it is pos sible that the Rev. N. C. Broughton, of Tennessee, who is now occupying Dr. Brougher's pulpit in Los Angeles, will be in charge.. On September 1 Dr. Fikes will give lecture for the benefit of the Women's Society of the "White Temple. His sub ject will be "The Man for Tomorrow." Wonderful Ince Production Opens Week's Run. MUSIC ADDS TO STRENGTH Every employe of the Atchison, To- peka & Santa Fe Railroad Is to nave his life insured at the expense of the company under a plan that became ef- fplttiVA JutV 1. The innovation was origtnaiea Dy President E. P. Ripley himself and is the result of many years" careful study by Mr. Ripley and other high officials of the company. EniDloves of the Santa Fe s rornana office have Just received advice that they will benefit from the operation of this system, together with a run ex nlanation of its provisions. Every employe is insured in propor tion to the length of his service and his earning power with the company. The minimum limit is J250 in case of death, and the maximum $3000. Two-Year Trial Started. Accompanying Mr. Ripley's circular letter on the subject is the following official explanation: The Plan of providing something for a man's family upon bis death nas been under consideration for several years and an attempt has been made to gauge the success of its operation ana its expense to the railroad, but it was felt that no adequate conception of its worklnea could be formed until the rtlan was put into actual operation. This resulted in the determination to nut it into effect for two years, with the distinct warning to employes tha whether it is continued in the presen form or in some modified form dfr pends upon how it proves to work ou in actual practice, so employes mus not feel that its continued operation in its present form is assured. "It la aulte likely, however, mai the end of two years an even more lib eral nlan will be adopted. So charge of any kind win oe assessed upon employes for tha benefits thus assured their families. Every employe will this montn gex a card with his pay check, and on this card he should write the name ot tn party he wants to receive the money unon his death. Ail employes should see to it that they get these cards and that they fill them out promptly." President Sends Letter. Mr. Ripley's letter says in part: "For some time past the directors and officers of this company have been considering a plan of making donations or paying benefits to the families or employes dying while in the service of the company. It has been believed mat. regara- less of the amount of wages a man may receive, he will derive comfort in the knowledge that in the event of his death those dependent on him will not be in absolute want. Beginning, therefore, on July l. the company proposes to pay to sucn Dartv. or parties, as such employe. dying while in its service and who has been in its employ ror two or more veara continuously, a sum equal to 5 per cent of the salary or wage received by him during the 12 months immedi ately preceding his death, multiplied by the number or years or continuous Krvice. nrovided that the maximum amount to be so paid shall be one year's Dav. but shall in no case exceed 3U0u; and provided further that the minimum shall be 250. PERSONAL MENTION. li A Corner in the Flnley Establishment. THE FINLEY CHAPEL offers to all the refinement and elegance of a fine home. Our service remains always the same. Lack of great means is no longer a barrier to the best funeral. In the chapel, warmth and softness have replaced the cold, stern surround ings of years gone by. No inconven ience mars the solemnity. Adjoining the chapel are private rooms for the relatives, and directly off the chapel is our private driveway one of the fea tures that make the Finley establish ment unique in all America. We. believe the public should know of these bettered funeral methods. And we hope to win the approval of those "who shall learn of us through these messages. MONTGOMERY AX FIFTH 1 ' J " If 13 FTTr- I II ! t t J r T- ma II S1IH Portland yesterday morning on his way from San Francisco to Seattle. Mr. and Mrs. "W. Howard Ramp and Mr. and Mrs. George A. Ramp, of Brooks, form an auto party that is at the Ore gon. Frank Ellis, Charles Hobaon, Mrs. F. M. Siefer, Mrs. Iva M. Horn and daughter. Neva, returned last Monday from '"Harts Content." Rockaway. Or. Mr. and Mrs. M. E. Rogoway, of this itv. and Mrs. Nathan Porter, of Butte, Mont., were guests of Mr. and Mrs. Nathan Sohn on a most delightful mo torlntr trio to Seattle and other Sound points. The party was extensively en tertained during their visit in "Wash ington, where they have many rrlends and acquaintances. DISEASED TUBERS EYED PLANT PATHOLOGIST STUDIES AF FECTED POTATOES. Critic Says Humanity's 'Greatest Emotions and Aspirations Are Thrown Into Sharpest Con trast in Finished Artistry. "Whoever must try to describe ade- auately the power of civilization. Thomas H. Ince's mm sermon againsi. war, which opened its week's run at of Dallas, is at the the Heilig Theater yesterday, is driven at the Eaton. R. R. Graves, of Corvallis, Is at the Seward. John Harper, Perkins. George H. Baird, of Tacoma, is at the Imperial. A. T. Bailey, of Spokane. Is at the Portland. F. H. Libbey, of Sheridan, is at the Nortonla. H. D. Vaughn, of Kalama, wash., is to envv all the writers who used all the stupendous, red-blooded adjA-tives in the days when they were fresh and vivid: for today all those adjectives seem inadequate to the task in hand. It is a play of humanity's strongest emotions and aspirations, thrown in the sharnest and most dramatic con trast against each other, and linked into a whole, with a consummate ar tistry that leaves nothing to be de sired. Jt A. Jones, of Gervais, is registered at the Oregon. J. Coblentz. of Astoria. Is registered at the Cornelius. , Dr. J. H. Lasater. of La Center. "Wash is at the Imperial. H. A. Frick. of Boardman, registered at the Eaton yesterday. Mr. and Mrs. S. W. Harrison, of Seat tie. are at the Cornelius. Mr. and Mrs. "W. E. Stacker, of Ta One may disagree with the theory I coma, are at the Portland. COUPLE MARRIED IN NEWBERG WILL RESIDE IN PENDLETON. f - - T?'j ' iferf"' 'm " - if I . i - - U I i - - , SSc V"v , sfo. that "Civilization" advances, and in the auieter moments after the show. when he is out from under the spell of the play, one may pick flaws in Mr. Ince's philosophy if he choose, but the spectator must be cold indeed who can S. Miles, of Brownsville, registered at the Cornelius yesterday. Mr. and Mrs. M. "W. Isle, of Clarks ton. Wash., are at the Eaton Mrs. Mary C. Miller, of Helena Mont., avoid surrendering himself to the rush is registered at the Portland of dramatic episodes while the rum action is before him. A corps of pantomimists and a chorus of singers In the prologue ana epi logue present a feature that swings the action of the film the more cer tainly into giving the impression of reality. Victor L. Schertzinger's mu sic, written especially for this produc tion, is the completing touch that makes it an artistic marvel. Th notitnrAlmp of the neaceful vil lage and its sudden transition into the! kins yesterday from Grants Pass. heart of war sets the pitch for the I Miss T. S. Sampson, of Tacoma. was whole production. and the action I an arrival at the Oregon yesterday, Mr. and Mrs. A. D. Sommers, of Salem, are registered at the Cornelius Glenn X. Hart, of New York, was an arrival at the Imperial yesterday. C. H. Hacker, of San Francisco, res lstered at the Imperial yesterday. Louis Penwell. of Helens, Mont., reg lstered at the Portland yesterday, Mrs. II- Parrlsh and daughter. Miss N. W. Parrish, are at the Seward. IV. T. Evans registered at the Per NEWBERG, Or.. Aug. 19. (Special.) Miss Zelma Jones, daughter of Mrs. Anna Jones, and Virgil D. Fendall were married Thursday at the home of the bride's mother by Rev. F. C. Stannard. pastor of the Baptist Church of New berg. After a short stay at Corvallis Mr. and Mrs. Fendall will go to Pen dleton, where Mr. Fendall. who is an O. A. C. graduate, has been elected to take charge of the agricultural department of the Pendleton High School. glides from that point smoothly into the drama of the film. One sees the Nation plunged into war through a spirit of patriotic ex citement and the ambition of the King for conauest. There are terrific bombardments. wild cavalry charges, rushes of infan trv. the melee of hand-to-hand encoun ters, battles in the air, battles under the sea, and the destruction of huge warships. The naval battle scenes were taken from maneuvers of the United States Navy, in which two bat tleships were blown up in practice. . There is the story of the rising pro test of the "mothers of men" against the unceasing slaughter of husbands and sons, and the conversion of Count Ferdinand, the inventor of a deadly new submarine. Then, out of -the desolation of the war. peace emerges. As the final scenes are shown the chorus in the wings burst forth in the anthem of Peace, and a flock of white doves, released from behind the scenes, flutter out through the audi torium over the heads of the audience. "Civilization" will run at the Heilig this week. with, matinees and evening productions. ment of disease-free potatoes for seed purposes, the agricultural experiment station hopes to develop a plan of state inspection and certification. Fields ar Gresham Found Assailed by "Black Scarf and I.ate Blla-ht by M. B. McKay. M. B. McKay, assistant plant patholo gist of the Oregon Agricultural Col lege, has been passing the last two days making a potato disease survey of a portion of Multnoman uoumy. n has visited fields in the neighborhood of Gresham. The commonest diseases found were rhlnzoctonla and late In almost every oaaiy aiseasea nui the fungus rhlnzoctonia grows on the skin of the potatoes and forms the black resting bodies of the rungus which gives the disease the name of black scurf. The organism, unless killed, lives through the Winter and is ready to attack the new plant the next season. The best method of killing the 'black scurf" on the tubers, according to Mr. McKay, is to soan mem in a one-tenth per cent solution ot mercuric chloride (corrosive sublimate) for lVi to two hours. The seed should men oe planted in land which has not grown potatoes for at least three years. The other common disease iouna was late blight, and it is Just beglnnning. Whether it develops seriously or not depends upon weather conditions. The extent of the potato diseases varieu greatly in different sections. In order to stimulate tne n'vfmp- The KOVrnment of India, will xtnd ll wireless ytm until every army post has a stHtfon in tlv-i rliarrf of a trained officer. Thin People Can Increase Weight Thin men and women who would like to increase their wclcht with 1 or 15 pounds of healthy ctay-there" fat should try eat Inir a little argol with their meals for a while and note results. Here is a icood test worth try Ins: First weigh yourself and measure yourself. Then take ivareol one tablet with every meal for two weeks. Then weigh and measure again. It Isn't a question of Iiow you look or feol or what your friends say and think. The scales and the tape measure will tell their own story, and many thin men and women. ws believe, can easily add from five to eight pounds In the firt 14 days by followinc this simple direction. And best of all, the new flesh, stays put. Sargol does not of itself make fat. but mixing with your food it aims to turn th fats, sugars and starches of what you have eaten into rich, ripe fat-producing nourish ment for tho tissues and blood prepare it In an easily assimilated form which the blood can readily accept. Much of this nourishment now passes from your body as waste. But Sar&ol works to stop the waste and do it quickly and to make the fat-producing contents of the very sam metis you are eating now develop pounds and pounds of healthy flesh between your Kin and nones. rpoi is iaif, (iieBaiu, efticlent end Inexpensive, All leading drug. rUis in this vicinity cell It in large boxes 4o tablets to a package on a guarantee of wet tent Increase or money back, as found In each large box. Adv. ittsW f H Seattle's Famous I f Hotel V j Fineccntrallocation. Every B r?2V 1 ??rTf J modern appointment Caie H yjU4t4jtl ooa of finest on tho Coast. ai'fcittj RATES I ".VFTn j71 t p T op with oc of bstlL M wAW-eL 2 4 audopwiuipnvalBfaarik Increase of Salary. Louisville Courier-Journal. "Do you think you can pet along1 on my salary of 114 a week? "Why. certainly, dovey. As an al- lovanc. ow dad nnlv slv mm till. Mr. and Mrs. S. A. rtessier. of Bickle ton. Wash., are at the Washington. Mr. and Mrs. F. K. Barber, of Prine' ville. are registered at the Seward. W. A. Gellatly. of Corvallis. Sheriff of Benton County, is at the Perkins. Mr. and Mrs. H. E. Kins, of Nampa, Idaho, are registered at the Nortonia, J. H. Mag-uire, of Everett. Wash., reg istered at the washing-ton yesterday. Mr. and Mrs. H. R. Foster, of Clarks ton. Wash., are registered at the Eaton. J. T. Whiting, of Caldwell. Idaho, registered at the Washington yester day. W. E. Miller, of Portland, is regis tered at the Grand Hotel. New York City. E. R. Rice, of San Francisco, was among yesterday's arrivals at the Per kins. Roy Collins, of Goldendale. was among yesterday's arrivals at the Nor tonia. Mr. and Mrs. R. H. Heard, of Minne apolis, registered at the Nortonia yes terday. Mrs. R. P. Boise and her daughter, Mrs. J. F. Laiterman. of Salem, are at the Washington. G. R. Topham, of San Francisco, an official of the Western Union Tele graph Company there, is at the Seward. Rear-Admiral Cameron McR. Wins- low, formerly in command of the Pa rtric fleet, now retired, passed through IP f M k 10,000, 15,000, 20,000 not at all uncommon perform ances for Savages. Doyou get mi lages like these from your tires? Comparison of one Savage on your car with three of other makes is a sure way to become a Savage booster. Try it. Have you used a new Grafinite Tube? Users like the new Sav age Tube as well as they do Savage Casings more can not be said of it. WES FACTORY DISTRIBUTOR JOHN A. WALTERS CO Inc. Broadway at Ankeny St, Portland.