The Sunday Oregonian., December 09, 1917, SECTION FOUR, Page 10, Image 60

10
,TnE SUNDAY OREGOXIAX,' PORTLAND, DECEMBER - 9, 1917. '
ill nun
MA OAU WAH
CRISIS FIOW NEEDED
Financiers Point to Possibili
ties of Enlisting Gentler Sex
1 in Raising Funds.
MILLIONS MIGHT LABOR
Big, Potential Supply for Increasing
Product of American ' Industry
Lies in Those Who Are Listed
- as Consumers Xot Producers.
Financiers who" are casting about
for some new weight to throw ino the
scales of ;war to, bring- .the balance
more strongly in favor -of the United
States and her allies are pointing to the
possibilities of enlisting the woman
power of the Xation more fully in in
dustry, i . . . -
Ungallant, perhaps, but their argu
ments carry a good deal of conviction
with them. 'It is said the movement to
give woman a vital, part in. the ulti
mate victory has started, but it is de
clared it is not progressing fast enough.
A slogan for one of the coming lib
erty loans, ' perhaps the next, is liable
to run something like this: '
"Every woman. in the United States
to buy a. liberty bond with money she
has earned!"
The ability of 'the country to get
quickly and effectively into the war
depends upon effecting the release of
men to the armies and Navy and at
the same time turn the efforts of more
men upon the production of ships, aero
planes, heavy guns and ammunition.
There are but three additional sup
plies of labor open boys, old men and
women. But the big, potential supply,
far surpassing in both quantity and
quality that of old men and boys, lies
In the women, from the ages of 20 to
40, who do not ordinarily seek employ
ment for pay.
There are several millions of alert,
capable persons, who, in the present
social atmosphere, will not work for
wages and who are consumers, but not
producers. The patriotic appeal is need
ed, it is said, to- identify the women
with American Industry to an extent
never before thought possible. . And
the same social approval and pressure
that applies to the enlistment of young
men In the Army and Navy is likely to
be applied ere long in this direction,
r .
"War financing opens illimitable fields
for speculation, " but no fact ' is more
certain than it is not money that is
wanted to carry on this war, but sav
ings. Money is merely a trade facil
ity; it is not final compensation for
anything. If it were, paper money
finance would bridge the gap,' but It
will no. . The demand of the hour is
for credit, and the Government must
get this from Individuals who them
selves first accumulate credit, and
then transfer it to the Government
through the' purchase of liberty bonds,
thrift stamps, indebtedness certificates,
etc., and the Government in turn trans
fers It in payment for its purchases, i
To transfer purchasing power to the
Government means the people must
abstain from its use themselves. The
curtailment of private expenditures to
an extent seldom before, if ever, real
ized is essential. The people of the
country must be made to see that if
the Government is to take over labor
end materials to the extent needed, in
dividuals must curtail their -demands
to approximately the same extent, and
that when they do this, they will have
the money to buy. Government bonds.
The paper money theory of war
finance assumes that the Government
can create the purchasing power it
needs without help of the people and
allowing the people to go on using
purchasing power for their private pur
poses as usual. But such- an attempt
to use purchasing power results in a
demand for labor and materials greater
than can be- supplied. Whether the de
mand takes the form of paper money or
bank credit, the effect Is to raise all
costs and depreciate the purchasing
medium. Borrowing, to lend to the
Government without cutting down our
own expenditures Is like giving " the
Government an order upon a certain
stock of commodities and then with
drawing the commodities for our own
consumption.
.
The campaign is on to collect savings
of the people of small means to the
aggregate of $2,000,000,000 through the
Bale of war savings stamps. The stamps
nre of two denominations, 25 cents and
$5. A thrift card is supplied, and when
its 16 spaces for stamps are filled, .the
card may be exchanged, with the pay
ment of odd cents, for a $5 stamp.
The $5 stamps are to be attached to
a folder, known et a war savings cer
tificate, which, has blank spaces for
20 stamps. If these are all filled be
tween December- 1, 1917, and January
oa, iffio, trie cost lo me purcnaser win
be $82.40, and on January 1, 1923, the
Government will pay the owner of the
certificate $100, a net profit to the
holder of $17.60. The amount of war
savincs atamoa sold to anv one nersnn
at one time shall not exceed $100, and
no person may hold such stamps to an
aggregate amount exceeding $1000.
. .
More and more sentiment is being
developed in favor of the Government
paying some commission to bond deal
ers and investment bankers who have
so patriotically during the past two
campaigns turned their entire organ
izations into liberty loan workers.
They, have done this from purely pa
triotic motives and have asked noth
ing and expected nothing in return.
However, it is a question how much
longer they can keep this up. and it is
declared to be only fair that their
overhead expenses be met during the
time they are engaged upon Govern
ment business.
'
Very few states now find it neces
sary to pass blue-sky legislation. 'There
has been very little activity' along this
line the past year. Recognized organ
izations of banking -a-nd- investment
men have undertaken voluntarily a
" work of education along this line that
is bearing fruit and is itself replacing
to a degree the former enactments by
state Legislatures. 1 i
.
Two years ago at this time Canada
was preparing for the country's first
domestic war loan. The amount asked
for, $60,000,000, caused some tremors,
. even though it was known that the
banks had underwritten half Of the
issue. Today the government, in its
fourth offering of war bonds, asks for
$150,000,000, and there is confidence
that double that amount will be .sub
scribed. i'JOHX F. CARROLL IS MOURNED
Portland Realty Board Adopts Res
olutions of Regret.
The . Portland- Realty "Board unani
mously adopted the following resolu
tion at its meeting Friday:
"Whereas, John F. Carroll, & leading
citizen of this city and state, and an
honored and loved associate member of
this board, has been taken from us by
death; and
"Whereadt We know that because of
innpitsipn iin
wu
NEW $140,000
' '
STONE OBTAINED NEAR BAKER ; ISED IX CONSTRUCTION OF
his lofty character, ' high ideas ' and
unswerving loyalty to what he be
lieved to be right, this community has
sustained an irreparable loss; there
fore be it !
"Resolved. That we, the members of
the Portland Realty Board, will greatly
miss the wise council and happy per
sonality of our departed member;and
that we tender our deepest sympathy
to his family In their bereavement; and
be it further , -
; "Resolved, That a copy of these reso
Istions be spread upon the minutes of
this organization as a permanent tes
timonial. FRANK McCRILLTS.
MAX LCEDDEMASN,
EARL CLARK,
C. E. CUNNINGHAM.
GEORGE P.- DEKTJM.
Resolutions Committee.
TRUCK SPEEDS UP FARM
NEBRASKA RANCHER SOLVES EF
FICIENCY PROBLEM.
Walter Faber Finds His One-Ton Max
well Does About Five Times Work
of Team of Horses.
WATN7S, Neb.. Dec 7. (Special.)
In quick and scientific -response to
President Wilson's call for greater effi
ciency on American farms, Walter Fa
ber, who lives nine miles south of
Wayne, leads in this vicinity.
Mr, Faber's success in "speeding
up" his farm work by motor power
is a veritable industrial romance. His
story would make the farmers of a
generation ago dumb with wonder.
In approaching the problem of mak
ing farm work efficient in the highest
modern sense, Mr. Faber reached the
conclusion that a great deal of golden
time was wasted by the old-fashioned
methods of getting products to market.
"One man and a motor truck," Mr.
Faber reasoned, "ought to do the work
of two or three drivers and teams."
He investigated the truck situation
thoroughly and invested in a one-ton
Maxwell truck.
"Since then," said Mr. Faber, "I have
taken all my farm products to market
in that truck.
"I have hauled 10,000 bushels of
shelled corn, for Instance, and all the
rest of my. corn, besides every bushel
of wheat, oats, hay, potatoes In fact,
everything grown on my land.
"I have repeatedly hauled 55 bushels
to a load in my Maxwell truck, driven
nine miles into town and made seven
trips a day, and that, I figure, is just
five more trips than. I could have made
with a team of first-class horses. My
Maxwell truck has more, than paid its
way."
Mr. Faber's use of the truck has been
watched with keen interest by the en
terprising ones among his neighbors,
and the prospects are that the Maxwell
truck will soon be in high favor round
about Wayne as a low-priced, economi
cal, labor-saving and efficiency-promoting
farm tool.
EAST HARD HIT BY WAR
O. A. C. PROFESSOR NOTES DIFFER
ENCE IN SECTIONS.
In Learns Kansas Agricultural
e Is Anxious to Obtain Dr.
Kerr's Services.
OREGON AGRICULTURAL COLLEGE.
Corvallis. Dec. 8. (Special.) The real
ization of America's share in the war
is more keenly felt in the Middle West
than here on the Pacific Coast, accord
ing to Professor C. I. Lewis, who has
returned from an extended trip.
"This does not mean that the West
is not sincere in its war work, but that
the evidence of uniformed men on every
side, of display of military clothing
made by clothiers, etc., is great In con
trast to that seen here," he says. "One
large department store , there has va
cated its entire ground floor, which is
n-ow filled with sewing machines where
women do war sewing. ,
"The general feeling of prominent
men is that the war will continue for
two or three years. ,
"In Chicago at noon recently the
stores were all lit, streetcars were
burning lights and automobiles had
headlights turned on. The dense smoke
coming from soft coal which the big
industrial plants ' and' residences use.
together with fog, made the city as
dark at npon as at 6:30.
"I find Kansas-. Agricultural College
very anxious to have Pr. Kerr as its
head."
FAKE INSPECTORS AT WORK
Poultry Raisers Purchase Spray
After Inspection of Flocks.
WASHINGTON STATE COLLEGE.
Pullman. Dec. 8. (Special.)" A confi
dence game now being worked on poul
trymen in various parts of Washington
recently came to light in correspon
dence and field observations of the
poultry division of the state college.
The men involved, falsel) claiming
to be sent, out by the state college,
Washington State Department of Agri
culture or United States Department of
Agriculture.' are - securing admittance
to plants of poultrymen to . make an
inspection. 'The flocks are . usually
pronounced to be in bad condition.
This paves the way for the sale to
poultrymen of an alleged poultry spray
for $5 a gallon. W. K. Whitaker. ex
tension specialist of the state college,
recently crossed the trail of one of
these bogus inspectors who had sold
to most of the poultrymen in a neigh
borhood, many sales amounting to $10
or $50,
HIGH SCHOOL DEDICATED AT
JEW ROADS MAPPED
Goodrich Touring Bureau Ex
tending Its Scope.
AUTO CLUBS CO-OPERATING
Goodrich Pathfinders to Bring City
Motorist and Farmer In Close
Touch to Market Farm Prod
ucts Direct to Buyer.
Automobile clubs throughout the
United .States, collaborating with the
Goodrich National touring, bureau, are
mobilizing to launch next year a big
campaign to bring the city' motorist in
close touch with the farmer, so as to'
put the motorist In a position to pur
chase necessities direct from the fields
without freight delays and at reduced
cost. t , ".
Announcement is made by W. D. Al
bright, Northwest branch manager of
the B. F. Goodrich Rubber Company,
that Goodrich pathfinders are now out
mapping roads into the country arteries
that run to the very heart of produc
tion. . i '
In addition to the Goodrich test tire
fleets have received instructions to col
lect all road data that will be of serv
ice, to the economical autoist and the
Government. Tacit approval of the
"f armer-to-consuraer plan" is given by
the Government, which is now seeking
to formulate- a scheme whereby food
stuffs can be brought direct from the
farms to the consumer without entail
ing delays that mlght.be disastrous to
the shipment.
The plan which Congress is being
asked to sanction is an automobile and
motor truck collection system which
would relieve the railroads. It Incor
porates, the establishment of service
bureaus in cities for the benefit of the
man with an automobile and the citi
zen who may have one at his disposal.
information of what farmers have for
sale will be distributed at these bureaus
and orders will be received for- place
ment with rarmers through rural post
masters. The latter feature depends
largely on the number of trucks that
can be placed In use for the collection
of foodstuffs and the distribution there
of direct to the consumer.
The burden of suplying route cards.
maps and literature falls on the Good
rich touring bureau. It is announced
that this department is preparing
6,000,000 route cards, 2.225.000 state
maps and instructive literature to be
distributed by more than 20.000 dealer
sub-stations of the Goodrich National
touring bureau.
Furthermore, It has Increased the
force of road-marking trucks and with
the assured co-operation of automobile
clubs and state officials, Mr. Albright
predicts that 150,000 guideposts will
point the way for the motorist in 1918.
These sentinels are sprinkled over a
half million miles of automobile high
ways. MULKEY CUTOFF GRADED
West Side Highway in Polk County
Ready for Surfacing.
DALLAS, Or., Pec. 8. (Special.)
The West Side highway through Polk
County is being 'placed in condition
for hard-surfacing as rapidly as
weather and labor conditions will per
mit. s
The grade on the Mulkey cutoff has
been completed under the instructions
of Highway Engineer Nunn. at heavy
expense to the county. This cutoff
eliminates two bad curves, shortens the
distance between Dallas and Mon
mouth, and will be Included in the
first 10 miles of hard-surfacing laid
in Polk County.
Evangelist Buys Store. -.
ALBANY, Or.. Dec. 8. (Special.)
Rev. E. H. Edgar, a Presbyterian min
IRVINGTON RESIDENCE SOLD FOR $11,500. I
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T lilfthlft-: 4kA.' W. W I I . I . I I k4 I.V IV. I TU'li-V'PV.h-tRUT A Kll HI ft f
AtW HOiMfe OF W. 11. ILLIUUI!, EAST TWENTY-FIRST AND BRA-
ZEE STREETS.
W. H. Illidge has purchased a ten-room modern house at 775 Brasee
street, corner of East Twenty-first, in Irvington, for $11,600. The
sale was made by S. S. Battln, of the Fred A. Jacobs Company, for the
Hughes Investment Company. Th e house Is in the Colonial style, and
Is finished in mahogany and whit e enamel.
I - ZEE STREETS. . ' ----- A
BAKER, OR.
I la; M ; kt r f
mimmHh
-Photo by Townes, of Baker.
MODERN CO-ROOM BUILDING.
ister who has been engaged In evan
gelistic work the past few years, mak
ing his headquarters in -Albany, has
purchased the general merchandise
store of O. E. Holdrldge at Plainview.
in this county, and will conduct it. Mr.
Edgar will engage in ministerial work
on Sundays and devote the week days
to his mercantile work.
FRUIT EXPERTS ORGANIZE
First Meeting of Specialists Will Be
- Held Next Summer.
OREGON AGRICULTURAL COLLEGE,
Corvallis, Dec. 8. (Special.) A Pacific
Coast Association of Horticultural
Specialists has been organized and will
hold its first meeting during the Sum
mer of- 1918 at Oregon Agricultural
College. At an informal gathering of
representatives of state horticultural
departments of Oregon. Washington
and Idaho, a t Spokane, the new organ
ization was launched. State horticul
turists, college and experiment station
men-and practical fruitgrowers will be
included in tfee association. It will
deal with problems of production, han
dling and marketing and by-products.
The organization will be a common
meeting ground for Pacific Coast hor
ticulturists and will deal with ques
tions of the Coast section as they per
tain to the National fruit situation.
EDITORS EXCHANGE PAPERS
Portland Man New Publisher of
Myrtle- Point Enterprise.
MARSHFIELD. Or., Dec. 8. (Spe
cial.) A change in ownership o.t the
Myrtle Point-Enterprise, conducted for
the past eight years by C. Milton
Schultz, is announced. The new pro
prietor is W. R. Smith, of Portland,
owner of the Oregon Motorist. The
owners exchange plants. Editor Schultz
assuming control of the Portland pub
lication at once and Mr. Smith coming
to Coos County immediately.
.The deal was made through the ef
forts of the Myrtle Point Commercial
Club, which recently denounced Edi
tor Schultz as un-American. The title
of the Myrtle Point publication will
hereafter be the Southern Coos County
American.
APPLE MARKET IS LOWER
New York Said to Be Crowded With
' Small-Sized Fruit.
. HOOD RIVER, Or.; Dec. 8. (Special.)
H. F. Davidson, New York representa
tive of the Hood River Fruit Company,
of this, city, and a number of other
Northwestern selling agencies, writing
here, declares that he can see no im
provement for the apple market, now
badly demoralized by the sugar short
age and the receipt in Eastern distribu
ting points of a great quantity of small
sized fruit, until after the 'Christmas
and New Year holidays are over.
"The demandis. a little better than
It was a week or so ago," writes Mr.
Davidson, "but . prices are 50 cents a
box lower than they were two or three
weeks ago." : i
I'out, ikbquiani' Doctors In Service.
HOQCIA. Wash.. Dec' 8. (Special.
The- fourth Hoquiam . doctor sVs
called into the Federal service when
Dr. O. I. Hurley, recently commissioned
a First Lieutenant in the Army Medical
Corps, received his orders to report for
duty, at Fort Riley. Kan. Dr. A. E.
Anderson was on the reserve list and
called Into service at the outbreak of
the war. Dr. R. F. Hunter was ap
pointecf to the service several months
a Jfo and Dr. E. R. Ahlman is a member
of the special tubercular commission at
Camp Lewis. All rank4 as First Lieu
tenants. Gas Rate Increase Sought.
MEDFORD, Or., Dec. 8. (Special.)
The Medford Gas Company has .applied
for an increase in gas rates from Jl.f.O
to $1.65 per thousand cubic feet, and
I.resented Its ca3e before the City
Ccuncil this week. The State Public
Service . Commission will hold ft hear
ing In Medford regarding the-m.nlter
in the near future and the City Council
decided to have a representative at this
meeting.
HEW SCHOOL READY
Baker Structure Completed at
Cost of $140,000.
BUILDING vflAS 60 ROOMS
Stone Fonnd Near Baker Used in
Construction of Modern High
School Which Is Built on Unit
Plan All Flooring Maple.
BAKER. Or.. Dec. 8. (Special.)
Baker's new $140,000 high school was
dedicated Friday night in the presence
of several hundred enthusiastic Baker
citizens. The dedicatory exercises took
place in the high school auditorium,
which seats 600 people, has a moving
picture machine room and is equipped
with a large stage and scenic accesso
ries. The programme consisted of numbers
by the school orchestra and Girls' Glee
Club, with an opening address by
Mayor C. L. Palmer. Frederick Dodson
then gave a piano number, followed by
District Attorney W. S. Levens with
an address. A girls' octet rendered
several Choral selections and State Su
perintendent of Schools Churchill con
cluded the programme with the address
of the evening.-
An inspection of the building then
followed, under the guidance of Pro
fessor J. C. Strange, city superinten
dent of the Baker city schools, under
whose direction the new school was
built and who believes that it will com
pare favorably with any in the North
west. 4
The building is constructed of stone
obtained near. Baker, and. with the
grounds, covers a block in the heart of
the city. All told it contains 60 roms.
Including a gymnasium that is said to
be one of the largest and best equipped
In the Northwest.
The plan of construction followed is
what is known as the unit plan there
being virtually two buildings, one
housing the gymnasium and audito
rium and the other the administration
and class room section. Both sections
of the building are so constructed that
they can be used without interfering
with the work of each other. In the
basement are the physics, science,
chemistry and household departments.
The latter include a reception-room,
cooking laboratory, cafeteria, large dining-room,
sewing and fitting-room,
pantry and store rooms and toilet and
shower rooms for both boys and1 girls.
The first floor contains the offihes, li
brary, two class rooms and two large
study halls. On this floor is also lo
cated the main entrance and the pas
sageways for school use to the audito
rium. The second floor contains eight
classrooms and the commercial depart
ment of two rooms. The building Is
equipped with an intercommunicating
telephone system, with a telephone in
every room, and is supplied with the
clock programme system. The corri
dors are floored with a noise-reducing
preparation and the heating, lighting
and ventilating systems are said by ex
perts to be the best in use. The build
ing is floored throughout with mapla
and is said by State Superintendent
Churchill to be the finest high school
building In Oregon outside of Portland.
$35,000 PAID fOR HOUSE
DR. ROBERT II. ELLIS BUYS RESI
DENCE FROM DR. AI.N'SLIE.
$ 35,000 Cash la Reported Paid for Hand
some Property Comprising: House
and Several Lota.
One of the largest deals In residence
property made for some time in Port
land was completed last week when
Dr. Robert H. Ellis purchased from Dr.
George Ainslie the residence at 421
(.Twenty-first street, Portland Heights,
and several lots on which it is situated,
at a consideration reported to have
.been in excess of $35,000. Cash was
paid.
Dr. Ellis will move into his new res
idence this coming week. The resi
dence is one of the most beautiful in
Portland. It has about 12 rooms, is
finished in mahogany throughout and
commands a view both of the city and
of the Canyon road.
The property has a frontage of loO
feet and comprises six or seven lots.
The transaction was handled through
the Western Bond & Mortgage Com
pany. SEASON AT PARK SUCCESS
12,04 2 Persons From Many Parts
of World, Visit Crater Lake.
KLAMATH FALLS. Or.. Dee. 8. This
past year has been an unusually good
one at Crater Lake National Park, ac
cording to Superintendent H. E.
Momyer, of this city, who is here now
for a few days' visit. The travel at
the first of the season was very heavy,
but later in the season dropped off
considerably owing to the condition of
the highways due to a lack of rainfall.
. The travel for the whole of this year
was as follows: Via Medford entrance,
5324: via Klamath entrance. 5644: via
Pinnacle entrance, 1174. The total
travel for the year was 12,042 persons:
1288 autos entered the park from the
Medford entrance. 1305 from the Kla
math entrance and 293 from the Pin
nacle entrance, making a total of 2886.
It is interesting to note from the
records kept by the superintendent that
people fnom six foreign countries vis
ited the park this past year, one tourist
being from France, one from India, six
from Canada, one from Corea. one from
Cuba and two from San Salvadore.
Each state in the Union was repre
sented excepting JO. New York sent
a very large number of visitors, as did
Massachusetts also.
DALLAS VIOLIN IS PRAISED
Great Belgian- Artist, Vsaye, Tests
Instrument of John C. Uglow.
DALLAS. Or.. Dec. 8. (Special.)
John C. Uglow, who for the past two
years has been making violins in the
workshop in his music store, has re
turned with new zest after his Inter
view wrth the great Belgian violinist,
Eugene Ysaye.
Mr. Uglow submitted one of his
choicest instruments to Ysaye, who
praised it highly, expressing surprise
that one could make such an excellent
Instrument without the aid of amaster
violin.
He showed Mr. Uglow his two violins,
a Joseph Guarnerius, 1740, and Nicholos
Luport, the violin which took the grand
prize in Paris in 1823.
He tested the instrument submitted
by Mr. Uglow in all positions and har
monics and the only criticism was that
the neck was a trifle too large.
Read The Oregohlan classified ads.
R-U-S-S-E-L-L S-A-G-E W -
If Russell Sage -were living today vre are certain he would '
buy real estate because Sage
ALWAYS BOUGHT WHEN EVERYBODY ELSE WAS
SELLING.
That was how he became a millionaire.
You will say, "That's all very well but I haven't Russell
Sage's resources." Very true. But you can profit by ob
serving his methods.
BUY WHEN EVERYONE ELSE IS SELLING. .
That was the secret, not only of Sage's success, but that
of practically every man who has made a fortune with his .
own hands. Our own Portlandera who bought real estate in
the period following the Civil War and reaped fortunes later,
when prices went away up, followed this same principle.
You have an opportunity right now to do the same thing.
Today almost everyone wants to sell. Prices asked ' for
property are consequently below normal.
BUY WHEN EVERYONE ELSE IS SELLING.
The men and women who have a little spare money in the
bank; the trustees and executors of estates; men with sur
plus funds to invest for all of these, now is an ideal time to
put money in real estate.
BUY WHEN EVERYONE ELSE IS SELLING.
The average man or woman could do no better than tJ
watch the papers for announcements of the occasional pur
chases made by conservative men who have made money in
real estate.
When you see such a man has made a purchase, you will
be pretty safe in following his lead.
Such a purchase, however, should not be made blindly. It
is always wise to retain one of Portland's reliable, established
real estate men before entering any real estate transaction.
Having purchased, have patience. This old world swings
back and forth like a pendulum.
A period of plentiful money, which means high prices, is
nearly here. Then will be your time for profit.
SELL WHEN EVERYONE ELSE IS BUYING.
PORTLAND REALTY BOARD. -
MANY BUYING LIFE INSURANCE
TO PAY INHERITANCE TAXES
Its Exemption From This Tax Places Double Value on It as Investment
to Protect Families From Paying Out Big Sums From Estate After Death.
ANEW note has been heard lately
in financial circles. One hears
nowadays more than occasional
reference to policies, premiums and
dividends. Every once In a while some
man .of wealth is heard to distinctly,
unhesitatingly and unblushingly men
tion life insurance.
There have been at least a score
of instances in the last few months
where life insurance has been aug
mented to Jl.000,000 or over. One not
able case was that of J. P. Morgan
& Co. There has been considerable
conjecture as to the amount of life
insurance carried by the late George C.
Boldt, proprietor of the Waldorf-Astoria,
In New York, and the Bellevue
Stratford, In Philadelphia. It is now
stated on good authority that Mr.
Boldt carried approximately $700,000 in
life insurance pocllies.
Of course, the present era of pros
perity may be responsible for the
deluge of applications for large
policies, but officers of companies
claim that there Is also another rea
son. This reason lies in the inheri
tance tax. In the majority of states
legacies for religious, charitable and
educational purposes are exempt from
this tax, but the remainder of the
estate cannot escape. Frequently it is
necessary for estates to dispose of se
curities to a great disadvantage and
monetary loss in order to secure ready
cash to pay state inheritance taxes.
For this reason, many men of wealth
are taking large lines of life insurance
so as to have ready at their death suf
ficient cash to pay inheritance taxes
and otherwise leave the estate prac
tically Intact. Attention has also been
called to the fact that money left In
the form of life insurance policies does
not fall under the inheritance tax laws.
Therefore there Is a double advantage.
Comptroller Travis, of the state of
New York, states that inheritance taxes
collected for the year 1916 will probab
ly reach a total of $10.000.000. The to-
WAR ORDERS ARE HUGE
DETROIT AUTO FACTORIES GET
S 130,000,000 CONTRACTS.
British Government Places Orders for
Trucks, Tractors and Many
Other Thlnss.
A well-known British agent is au
thority for the statement that $150,
000 (TOO in war orders have been placed
in Detroit and $100,000,000 additional
will shortly be awarded. Auto com
panies will receive the bulk of this im
mense sum.
General Motors is filling a 2000-truck
order for the Government and is mak
ing tractors for the British govern
ment. Studebaker U rilling $6,000,000
of Government orders for saddlery, ar
tillery wheels, water tanks, etc Dodge
Bros, broke ground this week for the
erection of a huge plant in which a
$30,000,000 ordnance contract. Just
closed with the War Department, will
be filled. It is understood the plant
will employ 8000 men and will be in
operation early next year.
Maxwell is getting into production
on the new truck it began producing
last Spring and through its lease of the
Chalmers plant will probably enter fur
ther into Government truck manufac
ture. Numerous other companies, such
as Nash. Packard. Ford. Premier and
Locomobile, are working on Govern
ment orders. General Motors. Dodge
Bros.. Chevrolet. Willys-Overland, Max
well and Studebaker are the largest
makers of passenger cars, next to the
Ford company, and the bulk of their
profits is from this department.
Weakness in prices of listed motor
companies early this week was due to
uncertainty which future priority board
ruling may entail on the availability
of steel and transportation facilities for
passenger car manufacture.
During the next nine months the
United States Government has called
upon the Packard Motor Company to
produce 6000 aviation motors. These
will return a reasonable profit, as the
arrangement made will largely reim
burse the company for material, labor,
etc
STUDENTS INDUSTRIOUS
Men in Pullman College Help Solve
Labor Situation.
WASHINGTON STATE COLLEGE.
Pullman, Wash, Dec. 8. Four hundred
and twenty-three Jobs, netting the
state college students $2132.29. have
been secured for those working their
O - U - L - D B-U-Y, T-O-D-A-Y
tal for 1315 was JS. 263,000. Following
is a list compiled from the records of
the comptroller's office showing the
taxes collected for the present fiscal
year from the group of large estates:
Estate of
Charles W. Harkness $1,800,000
Ellen S. James 1,100,000
Seymour H. Knox 572,793
James B. Haggin 500,000
Herman Frasch 346,431
Jacob Huppert 200,000
William A. Read 154,000
Helen C. Juillard 135,000
Edward II- Bacon 100,000
Margaret S. Postley . 96.207
Mrs. Frank Leslie 94,000
Frederick H. Eaton 74.000
David H. King 65,000
It Is probable that the estate of Mrs.
Charles W. Harkness will be com
pelled to forfeit $500,000 in taxes. The
years of 1912-1913 were particularly
profitable to New York state so far
as inheritance taxes were concerned,
for In 1912 the state received $12,153.
188. The following year the total
amounted to $12,724,236.86.
In 1913 on the list subject to the
tax were the estates of John Jacob
Astor, Anthony N. Brady, J. Plerpont
Morgan, George W. Vanderbllt, D. O.
Mills. Charles E. Appleby, George West
lnghouse, Benjamin Altman, L. H. Sev
erance, James H. Keene, George A.
Hearn. Edwin Hawley, Henry M. Flag
ler and Isaac V. Brokaw.
It is interesting to note that the
largest inheritance tax paid since the
enactment of the law In New Yorlc
state was $3,150,000, on the $87,000,000
estate of Colonel John Jacob Astor.
The tax on the estate of Anthony N.
Brady amounted to $2,584,000.
The larger the estate the greater is
the rate of taxation, and unless a larfe
sum of cash Is available, or the market
favorable to the disposal of securities
at an advantage, inroads of consider
able magnitude are invariably made
by means of the inheritance tax.
way throus-h college here since October
1 by the Y. M. C. A. students' employ
ment bureau. The bureau is main
tained ou the campus for the help of
students.
The jobs include care of college
buildings, campus, state farm and in
helping to harvest crops in the vicinity
of Pullman. Many of the college
women, as well as the young men, are
accepting employment outside of study
hours to make up the labor deficiency
brought about by the war.
A new pumping plant with a capacity
of 20.000,000 gallons every 24 hours la
to h built In Kansas City. Mo.
Directory) of Prominent
Life Insurance Agencies
Members of Life Underxvriler
Association of Oregon
Wm. noldman. General Manager.
NATIONAL LIFE OF VEKilUNT.
Oregonlan Bldg.
H. G. Colton. Manager.
MASSACHUSETTS MUTUAL. LIFE.
Chamber of Commerce Bids.
Harmon & Cummtngs. General Agents.
PENN MUTUAL LIFE.
Nurthweacern Bank Bldg.
Horace Mecklem. Manager.
NEW ENGLAND MUTUAL LIFE.
Northwestern Bank Bldg.
Pettia-Orosamayer Co., General Agenta.
TRAVELERS INSURANCE COMPANY.
3U3-310 Wilcox Bldg.
MORTGAGE LOANS
Very flexiole contract.
NEW WORLD LIFE INSURANCE CX.
22 Stevens Bldg.
Aibee & Amesbury. General Agents,
NORTHWESTERN MUTUAL LIFE INS. CO.
Northwestern Bank Bldg
John Pauer. Superintendent,
THE PRUDENTIAL INSURANCE CO.
601 Northweatern Bank Bldg.
T. H. McAlUa, State Mgr..
UNION MUTUAL LIFE INS. CO..
Board of Trade Bldg.
Edgar W. Smith. Manager.
EQUITABLE LIFE ASSURANCE SOCIETY.
30G Oregonlan Bldg.
ASSOCIATE MEMBERS
RepreMentatlTe Realty Operators ef
the fetate of Oregon, Washington.
Tiho Are Non-Keftident Membera of
Portland Realty Board
These men can ba depended upon to
ell or exchange your property, or
represent you in any way.
OREGON.
Astoria Astoria Harbor Imp. Co.
Bnd J. A. Kastes.
Marehfield Title Guarantee Abstract Ca
Roaebnra; W. A. Bogard.
Stanfleld James M. Kyle.
WASHINGTON.
Hoquiam Grays Harbor Land Co.
Kidgefield II. B. AppersoB.
Vacolt Lew i". Williams. '