TOE 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.