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
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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.
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IN SPREADING APPEALS TO SUBSCRIBE TO LIBERTY BONDS.
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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.
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573
Fair Treatrnerii
show you
modeler
strength, i
j
i
r !
Fuel Co., Broadway 3000, A 1144 Adv.
1