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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Oct. 7, 1917)
THE SUNDAY OKEGONIAX, PORTLAND, OCTOBER 7, 191 Y 13 G. K. WEEKS GIVES NEW ISSUE VIEWS Vice-President of National City Bank States Secretary's Technical Position. LOAN OPENING FAVORABLE Weiglit of . Economic Opinion In dorses Congressional Action in Slaking New Bonds Subject to Surtaxes and Excess Profit. Ceorge K. Weeks. vice-president of The National City Company, one of the largest dealers in investment issues, and general campaign manager for the Liberty, Loan in the Twelfth District. hasnta.ted the position of the new Lib erty Loan 4s from the technical invest ment security standpoint. He said: "The second liberty loan campaign opens under very favorable auspices from the standpoint oj Che investment standing of the bonds offered for sale. The Liberty Loan 314s sold last'-June were exempt from all taxation, except inheritance and estate taxes. This issue was nearly 50 per cent oversub scribed. The free market for these bonds has been somewhat hampered after the. June campaign by a neces sary delay on the part of the Govern ment in issuance of permanent en graved bonds, but the interim certifi cates issued by the different Federal Reserve Banks have been salable at all times, at a concession of not more than a nominal fraction under par. As the date has approached when the per manent engraved bonds were ready and as investors have learned, with the offering of the second loan, they could either hold their fully tax ex empt ZMs or convert them into a high er rate bond bearing 4 per cent, exempt from all taxes, except estate taxes, sur taxes and excess profit taxes, the de mand for the old os has been such that they have ruled on the New York Stock Exchange during the last 10 days at a nominal premium, the high record price being 100.30 and accrued interest. "The investor is offered in the sec ond campaign a bond bearing interest at the rate of 4 per cent per annum, which cannot be retired by the Gov ernment in less than 10 years, which is convertible into any higher rate bond issued during the course of the war and which is exempt from normal Federal taxes and all state and local taxes. "It is not to be expected that during the active course of this second cam paign, when subscriptions for every available dollar are asked for by the Government for the new bonds, the old JH per cent bonds will continue to rule at even a nominal premium but the fact that these 3 14 3 did go to a slight premium and that there is likely to be a demand for such of these bonds as the original subscribers may not desire to convert into the new 4s, at a price close to par is a point cal culated to impress those who are ap proaching the subject of Goernment financing from a critical investment etandpoint. "The weight of economic opinion seems to clearly indorse the action, of Congress in making the new loan sub ject to surtaxes and excess profit taxes. It is not sound public policy to permit all of the inherited wealth of the country to find its way even into the 3hi per cent bonds of the Govern ment and thereby escape any contribu tion for the carrying on of the war. The second Liberty Loan 4 per cent bonds now offered, however, appear to tneefthe situation, to an excellent de gree, from the standpoint of the econ omist and the critical investor, as well as the patriotic citizen who intends to do his bit toward the successful car rying on of the war, irrespective of the character of the paper offered by the Government." FINE HERDS PROMISED BEST CATTLE OF NORTHWEST TO BE OX DISPLAY. Arrangements Under Way for Pacific National Dairy Show frith Land I Show November 3 to 24. The finest herds of dairy cows in the states of Washington, Oregon and Ida ho will be on display at the Pacific National Dairy Show, which will be held in conjunction, with the Land Show, November 3 to 24. Dairymen who have a nation-wide reputation as milk producers will bring their herds to Portland in a competition such as 'has never been held here before. A combined effort will be made by the Land Show and Dairy Show to increase the attendance and extend the in fluence of the exhibitions as widely as possible. Ten counties have promised displays already for the Land Show and part of the displays of two counties. Baker and. Morrow, have been received for storage at the Auditorium. Tillamook county, with her great showing of cheese, will be at the Land Show, and an effort is being made to get the dis play from Coos county, which won sweepstakes prize at the State Fair at Salem last week. W. E. Meacham. secretary of the Commercial Club of Baker, while in town Friday, said the displays at the Land Show would be better than those at the State Fair, which he declared were the best he ever saw at Salem. STEEL SOUGHT FOR DOCK Government Requires Certificate of Public Xccesslty. OREGONIAN NEWS BUREAU, Wash ington, Oct. 6. Senator McNary Friday conferred again with Bernard Baruch, of the Council of National Uefense, and asked his aid in obtaining structural steel needed for the construction of public docks and elevators at Portland. Beruch explained that because of heavy Government demands on Eastern steel mills they could not furnish steel for this Portland work, but if the Portland authorities can show there is a public demand for these structures and that their early completion will be a public benefit he thought arrangements could be made to release the necessary steel at the plant of the Colorado Fuel & Iron Company, giving priority to this order. Senator McNary telegraphed asking for the assurance necessary to get a release of the steel. We can deliver green or dry Blab wood in any quantity promptly. Albina PULPITS' AND POSTERS JOIN 7T pr T7P""izr!jy 4 Above Detail of Twelve Soldiers From Company A. Third Oregon Iteglment. Who Are Hanging Liberty Loan Posters In Every Part of City. Starting Out With Supply of Brightly Colored Lithographs. llelow Group of Portland Clergy Active In Religious Publicity for Bonds. Left to Right, Front Kow Rev. W. CI. Eliot, Jr. Unitarian; Father George Thompson. Secretary. Catholics II. W. Stone, of Y. M. C. A.; David N. Mosessohn. Representing Publicity Committee Bishop Sumner, Chairman, Episcopal. Left to Right, Second How Rev. Thomas Jenkins, Episcopal; Rev. John H. Boyd. Presbyterian. WAR FILMS DONATED Plans Made for Raising Emer gency Fund for Soldiers. FOUR SHOWS DAILY BILLED Big Committee Headed by Mayor Baker Expects to Crowd Audi tori am at 2 6 Performances During Patriotic "Week. Four big, interesting performances each day during patriotic week, com mencing October 22, will be staged at the Public Auditorium for the Oregon boys" emergency fund, a fund to be used for emergency relief work for Oregon's soldiers. Every cent of the proceeds will go to the fund. Final details of plans will be worked out at a meeting tomorrow night at S o'clock; in the Auditorium of the members of 21 committees of 12 members each, appointed to take care of the various features of the entertainment and celebration. Mayor Baker, who heads the general committee on arrangements, received yesterday 6000 feet . of . special war film, entitled "Rally 'Round the Flag. The' films have been furnished free by the Bureau of Commercial Economics, Department of Public Instruction, Washington, D. C, and will be shown at each performance. The film includes 1000 feet dealing with the British war front, 1000 dealing with the French activities In the field and 4000 feet ORIENT AND WAR TOPIC OF TWO .ADDRESSES BILLED. V iy - -v ill 8. S. McClnre. The Drama League has pro- I cured the services of Colonel I S. S. McClure for two lectures on i "The Orient and the W,ar." The first lecture will be on "Japan" t in the auditorium of the Lincoln f High School the evening of Oc- I tober 16. The second lecture will be no "China" and will be at the Washington High School the evening of October 17. Since the outbreak of the war Colonel McClure has visited every front. While in Portland he will be entertained by the Arlington Club and other organizations. r - r I ". V" -k IN SPREADING APPEALS TO SUBSCRIBE TO LIBERTY BONDS. A - ; 7ty S 4 ' i. .11 tff,U,l &r&: 7 . ill VIJ V itfiwtvflnn,1ifcji 4 5. 4. -l'"-i. H5 I dealing with the United States Army Point, on the sea and In training. The films also depict the activities of women in the production of food smnnlis nnrl conservation and other patriotic subjects. Arrangements have hn mHA fnv thn takiner of nictures at Camp Lewis, American Lake, which will be shown during the week. Also special features will be made a part of each performance. A big campaign of ticket selling will be bandied by the school children of the city. Tickets good ror any per formance will be sold for 25 cents each by the children throughout the cit. it is flfrnvd that because of the ob ject there will be an enormou sale of tickets and that the four periorm ances daily will be necessary to give all holders seats. There will be 24 performances in all. A full attendance of committee mem bers is desired at tomorrow night's meeting, as the foundation of the campaign is to be laid and there will be much work for eacn committee 10 do. The committees named by Mayor Baker include leading citizens or l'ort land. , Prior to the meeting of the general committee a meeting of chairmen of committees representing various wom en's organizations will meet at the Au ditorium. This session is scheduled for 7:30 and will be concluded In time for the 8 o'clock meeting of the other committee. OREGON IS REPRESENTEB Mrs. Minnie Aydelotte Attends Dedi cation at Port Huron, Mich. Oregon was represented at the dedi cation of the new home office building at the Woman's Benefit Association at Port Huron, Mich., last Tuesday Dy Mrs. Minnie W. Aydelotte, deputy su preme ! commander and state leader. Mrs. Aydelotte has been laentinea witn the order for 15-ears. She claims the honor of being an of ficer of the largest woman's fraternal society in the world, and this special dedication is of unusual interest in that it commemorates the completion of the first and only building of its kind in the world entirely built and officered by women. STUDENTS ENJ0Y TREAT Mount Angel Science Classes Hear Entertaining Discourses. MOUNT ANGEL COLLEGE, Or., Oct. 6. (Special.) Students of Mount An gel College who make up the science classes had a rare intellectual treat Friday. Colonel Miller, curator of per manent exhibit of the Chamber of Com merce of . Portland, occupied the lec turer's chair during several periods of the afternoon and arrested the atten tion of the students with his Interest- Pianos Rented Pianos Bought Pianos Sold HAROLD S. GILBERT The Reliable Piano Merchant 384 YAMHILL ST. Exclusive Sohmer Agent Out of the High-Rent District NO SALESMEN NO FAKES VTr-it ...... - tfr - - tfrJlA - f - ' ing and highly instructive words on various subjects pertaining to the study of minerals in particular. Colonel Miller began his discourse with the essential processes which had developed the sciences of geology and mineralogy, and took the agate as his principal point of discussion. He ex plained the elements forming the agate and the various stages of its forma tion. SPACE FOR APPLES DENIED Britain Refuses Again to Raise Em bargo on Apples. OREGONIAN NEWS BUREAU, Wash ington, Oct. 6. Representative Slnnott was told-at the State Department to day that a cablegram had been re ceived from Consul-General Skinner at London saying the British government denies there is space aboard trans Atlantic steamers for carrying apples Diseased TEETH Help to Dig Your 7 Dr. B. E. Wriefat. Stumps and decayed teeth poison your system, lead to various serU ous diseases and perhaps an early grrave. Have them out. Well-fitted, well made artificial teeth are sanitary, will chew your food much' better and improve your appearance won derfully. I will fit you perfectly and at moderate price. Palnlesa Extraction of Teeta. 20 Years' Active Practice. Dr. B. E. Wright Vforthweat Corner of Sixth and Washington, NurthwMt Balldlng. Fkonni Main 211B, A 3119. Office Hour H A. M. to 6 P. M. Conanltatloa free. Penny Change SYSTEM IS A SUCCESS YOU SAVE MONEY ' every time. Coffee . .-.r. . .3c Beef Stew, with Vegetables 8c Doughnuts .... .2c Try It. WOOD'S Quick Lunch 101 Sixth, Corner Stark , . -(:; ,.ti to. . r ; III!' '!:- 4 to England, and for this reason the British government will not raise its embargo on apples. Mr. Sinnott quoted steamship offi cials as well as apple shippers and British apple importers showing there is abundance of space, and asked that this information be cabled back to Lon don for presentation to the British authorities. Portland Painter Hart at Lebanon. LEBANON. Or., Oct. 6. (Special.) Albert Morrison, of Portland, one of Fair List Prices nn Tires of As true of tires as of men, Silvertown Cord Tires, lithe and graceful as a runner OUTSIDE, are strong and enduring as a runner WITHIN. Silvertowns are handsome and smart because they are sturdy and lasting. Both their beauty and strength come from the sinewy,' TWO-PLY, RUBBER-FUSED, CABLE-CORD body, found only in Silvertowns. GDODRICH IDERXOW CORD Know Silvertowns on the OUTSIDE by the Red-Double-Diamond hall mark of quality on their side-walls. Learn them INSIDE from the INSIDE here laid bare to your sight. Know them by the size of Cable-Cord, that fusion of cord and rubber, immune to tire fever (inside heat), and resiliency staunch against the blows cf the road. Buy Silvertowns. They j make ; you doubly proud of your car. The B. F. GOODRICH COMPANY .THE CITY OK GOODRICH .AKRON, OHIO L l (fei mad Muatrrmm How Dollar knitting came to Medium-priced IJndeirweai? Until recently 10-rib knitting came only in underwear costing $1.00 or more. So, many were denied 10-rib warmth, 10-rib elasticity and 10-rib durability. Mayo Underwear was then knit with 8-fibstotheinch. Mayo Underwear was then warm and durable. It was good value. But we wanted to give wearers of Mayo Underwear still greater value. We wanted to put dollar-knitting 10 rib knitting into medium-priced Mayo Underwear. We put this problem up to our man ufacturing department. They solved it. So now, 10-rib knitting has come to medium-priced Mayo Underwear. And now Mayo Underwear is the only medium-priced underwear that's "actu ally knit in the dollar way" (10-ribs to the inch instead of 8). Now, a moderate price buys 10-rib warmth, 10-rib elasticity and 10-rib durability. Buy a suit of this 10-rib Mayo Un derwear. You'll thank 10-rib knitting for the warmest, cosiest winter of your whole life. Your pocketbook will thank us for putting 10-rib knitting in medium priced Mayo. iirrtrrrn t TXTTvrrYt irr? a t for YVU.'H Lim. JlUEttVn&lK. mad. The only medium priced underwear that's "actually knit in the dollar way." Men's Winter Shirts and Drawers Men's Winter Union Suits Boys' Winter Union Suits Wholesale Distributor. FleUchner, Mayer &. Company the men employed in painting the Southern Pacific depot in this city, lost his footing while working: on the roof of the building and fell about 16 feet. He was badly bruised, but no bones were broken. He was taken to the company's hospital in Portland for treatment. Gold Hill Has Seed Demonstration. GOLD HILL. Or., Oct. 6. (Special.) A. O. Meier working with the United States Department of Agriculture, in Conjunction with the Orepon Agricul Strength and Beauty HOW me beauty and I will strength," said Phidias, master of human form. "Show me and I will show you beauty." TIRES ! , Silvertcwns xnake all cars Jiigh-cprade" MEM BOYS tural College demonstrated on th treatment of seed for cereals in Gold Hill yesterday to a largo gathering of farmers. Smut in grains lias been an annoyance to the farmers in Southern Oregon and many will adopt the new treatment shown. McXary Anmitted to Practice. OREGONIAN NEWS BUREAU. Wash Ington, Oct. 6. On motion of Clyde B. Aitchison, Senator McNary today was admitted to practice before the United States Supreme Court. mm!miwmiiimmumnum)im.hJammmuiimuim vm V7m 771 573 Fair Treatrnerii show you modeler strength, i j i r ! Fuel Co., Broadway 3000, A 1144 Adv. 1
