-. THE COOS BAY TIMES, MARSHFIELD, OREGON, THURSDAY, APRIL 11, 1912 EVENING EDITION
i 4
Interesting Facts About
Oregon's School Fund Law
Orogon, under the loadorshlp of
W. S. U'Ron, was bofore all of tho
States in restoring to tho pcoplo tho
control of their govcrnmont by tho In
itiative, referendum and recall. Now
that tho shadow of tho Money Power
Is bolng cast ovor tho country, again
may tho Nation look to Oregon for a
way to bocomo froo from that dan
gerous1 and corrupt forco.
From tho boglnnlng of organized
govornment In Orogon, tho Stato has
boon a sourco from which farmors
could obtain monoy. Tho Act of
Congress creating tho torrltory bo
catno offoctlvo In 1849. Tho Terri
torial Statutes of January, 18GC, pro
vide that tho Trcasuror should loan
school and othor funds on mortgages.
Tho Journal of ho Sonato of 1804,
shows tho total sum In tho funds was
$23,D8G; by 1D10 It had Incroasod to
JG, 351, 349, all of which was lnvostod
in farm and mortgagos at G
por cent Intorcst, school bonds and
land certificates, except f G5.9G5 cash
on hand.
For tho samo year tho total paid
up capital of tho 1DD banks roporting
to tho Stato wiib $7,751,025. Stato
Hank Examiner Will Wright says
that tho county banks oucourago tho
tho Stato loans, us vory fow loans
are madu on farm lands. They ro
gard thoin as a holp by reason of tho
their neighborhoods, and that tho
borrowers aro substantial mombors
of their communities, whoso Indus
try In tho devolopmont of tho coun
try Is thus nldod. Ho says tho In
vestment or theuo funds Is in II rat
class loans.
Applications for loans are roforrod
by tho Stato Land Hoard to Its at
tornoy In tho county whoro tho land
may bo located. If his roport as to tho
valuo and titlo of tho land, and char
actor of tho applicant, Is satisfactory
tho loan Is granted. Tho prosperity
of tho farmers of Oregon, and the
care exercised in making loans, is
ovldencod by tho fact that not ono
farm Is now undor foreclosure, al
though tho law roqulrcs any loan ov
or two yours duo to bo foreclosed.
No loans aro made for less than
$250 or more than $5,000. Tho to
tal numbor of tho school fund loans
Is 3,023, tho average of each bolng
$1,400. A vory largo number aro
of 500 and less. When making
loans, tho Stato Doard selects all of
tho applications of $1,000 and less to
bo paBsod on first. Tho proforenco
Is glvon to tho smallest applications,
and tho loans aro mado so as to dis
tribute them equitably throughout
tho Stato. When monoy Is in do
mand, tho Doard sells Its school
bonds, and loans tho monoy on farms.
Tho law provldos that thoso funds
shall bo loanod op mortgages on
grazing lands In oastorn Oregon and
farm lands for not oxcoodlng ono
third their valuo. Such securities do
not depreciate, and can nlwnys pro
duco enough to pay tho interest. No
toiiim nro made on tlrnbor lands, city
lots or other spoculatlvo property.
Tho proceeds of tho sales of school
and othor lands, forfeitures and gifts
to tho State, and cortnln fines, are
tho sourco from which theso funds
obtain their rovqnuo. Tho prlncf-
plo Is mado lrrouuclbio, tuo intorcst
only being used. Tho report of tho
Stato School Superintendent shows
that during tho past thirty-eight
yours tho total Interest recolvod from
this fund by tho common BChool ex
ceeded $5,000,1)00, tho sum last year
being $320i2?2.
Undor tho law, tho Intorcst on
hand August 1st of each year Is divi
ded among tho counties in propor
tion to tho numbor of children of
school ago. Elghty-flvo por cont of
it must bo usod to pay toachors salaries.
Southern Pacific R. R. Uses
Quarter Million Ties Yearly
Ono-sovcnth of tho twenty-five and
a quarter millions of railroad ties
that nro In tho Pacific System of tho
Southorn I'uclflu Hullroiid havu to bo
taken up each year unci roplacud with
absolutely now onus. Thoso tlos, bo
foro bolng replaced In tho roadbed,
must bo treated olthor by croasoto or
with a chemlcul preparation known
as tho burnuttlilng treatment, botoro
they enn bo usod.
Those Interesting factH nro taken
directly from a statistical roport of
tho maintenance of way department
of tho Southern Pacific Company.
They aro positively accurnto. Ilo
Bldeo this, they aro a fow truths about
railroad operation that aro seldom
glvon to tho readers of tho nows-papors.
Thoro aro a llttlo nioro than twen-ty-flvo
and a quarter million tics on
tho Pacific System of tho Southorn
Pacific. At tho renewal rato of ono
sovonth each yoar, nnd an nvorago
of 2800 tlos to tho mile, nioro than
240 miles or tho Southern Paolflc
roadbod Is robullt each 12 months.
During tho last ton years 20,008,490
tloD in tho roadbod of this road were
taken up and replucod with new oni's
Pino, fir, oak, cedar and redwood aro
tho woods lined by tho Southern Pa
cific for its ties. With tho single ex
ception of tho redwood, all aro sub
ject to tho preservation process.
Tho burnottlzlng procoss consists
cf forcing chlorld of zinc Into tho
wood colls. A vacuum treatment Is
first applied. Tho ties nro placed
in a cylinder, steamod for tho pur
peso of softening tho wood colls, then
tho vacuum Is applied to oxtract tho
sap and wator from tho wood. After
this tho chlorld of zinc Is applied.
Moro than a hair day Is required for
this process aftor which tho ties aro
treated to u sun bath for several
weeks. Tho crensotlng process Is es
sentially similar to buruottlzlng, ex
cept that dead oil or coal tar is used
in placo or zinc solution.
Thoro nro four spikes in each tlo
nnd two tlo plates. Drlng your
mathematical talents Into play. Tho
answer Is 101,000,000 spikes and
50,900,000 tlo plates In tho Pacific
System of tho Southern Pacific. Tho
tlo plates wolgh G& pounds each,
tho spike a half pound, making a to
tal of 681,950,000 pounds of motal
attached to theso tics, not counting,
of courso, tho rails, which wolgh 90
poundB to tho yard and tho numerous
tin rods.
HOW'ri rum
We offer One llundrnl Italian Itew.ril (or
ny cmcMif L'ntnrrli tlmt cminiit bo vnrtl b)
llnll'flrr Cure.
K. J. UIIKNKY A CO., ToUdo, O.
Wo. tho lilKlrrnlmifil. lnvo knnivn V J. Che-
nnjr fur the lt lft yearn, mul believe him twr
fwtly lionotl)lo in til butliicta trtimitctlmi
nd Ihmnclnll? nblu to curry out any obllira-
nun. iiinuc uy mi linn.
tVAIDIMl, KlNNAN A Mamin,
Wliulualo DniimlMi, Toledo, O.
Ilall'a Catarrh Cure U takun Inleniall), ml;
liiKillirctly ukii the lilitoil and imuoiit mre
Intra of I tm ajatem. Teallmonlata arnt (re.
I'rlre 7Acvnta nvr bottle. Bold byall dnntiifit.
Tak. Ilall'a family rilla (or contlatfoii.
We Have Been Successful
In buying a largo stock of first
class Eloctrlcal mntorlul and can
give our patrons a vory low prko
on lioiiHo wiring. Oct our price
you can't nfford to miss It.
Coos Bay Wiring Co.
Phono 237-J
FOR RENT
Grocory Storo on Elrod and Tenth
Streets; 9 rooms; all modorn; stovo
and fixtures; nil for $35 por mouth;
several dwellings ror ront.
AUG. FJtfZEEN.
68 Central Ave.. Mftrshficld.
WM. S. TURPEN
' Architects
171 FRONT BT.
E
RRRUU3C0.
'?'' rf
ismvm
ri-jiFii
p zt m ..
XJ&
mm
J
Snow Drift Flour
Highest Quality
PORTING GOOD!
Ammunition and Fishing Tackle
We Carry a Complete Line of U. M. C.
Remington Rifles and Ammunition
330 Front St.
j f la w
BHwhen you buy JSsff
Marshfield, Ore.
Jt.
TheREDBALL is up
11 along" ihe Usasi
t
riffs i
tea aW
i
I T I BM
B mm m v m m vv
aV I 1 Bv MM"
BaaHalaHHaiaHLaVV .k-"
-T Stimttjfi SgSl gJSSsgSFggfcxJfrS' gar .v-..
8 ? i W p-""
sSgShSf
The Handicap Winners
of the East are Here!
Pemngton.-UMC Eastern Factory
Loaded Shells in your favorite trap
and field loads are now on the coast
These are the shells that have won
over 60 of the total trap events of the
country in the last ten years that
have won 13 out of the 15 Interstates
held in the last three.
The fast, uniform, hard-shooting
qualities that make this record possible
are guaranteed only by J?emngton:UMC
factory loading.
Look for the red ball on every box you buy.
Ask your dealer to-day.
Qg&lngtQtell&IG'-tiM perfect shooting: combination
REMINGTON ARMS-UNION METALLIC
CARTRIDGE COMPANY
299 Broadway, New York City
ELI
SS3
Arrow and
Nitro Club
Steel Lined
Eastern Factory
Loads
The Gunnery
Sportsmen's Headquarters
Springtime Is
House-Cleaning Time
The Coos Bay
Bedding and
Upholstery Co.
Wnnt to Clcnn Your Carpels.
Six conts por Bquaro yard. Sutia
fnctlon guaranteed.
733 So. Drondwny Pliouo 21C-L
First Class Auto Serviq
Spoclal trips to North Bond asj
Bmplro any time. Train and parti
calls a spocialty. Phono 144 J nlghJ
and day. Aftor 11 p. m Palat,
Rostaurant, Phono C-J. Rosldenq
Tliono 2S-J.
D.L.FOOTE.PrQprietoj.
Launch Tioga's
Time Table
AFTKH Al'Itlh la, l!)ia
Tjcuvcs North lleml 7 A. 31.
IiCnvcs MnrHlifleld 8 A. 31.
Loaves Camp No. 1, South Co
Hlvcr, nt JJ I. 31.
Allco IF. on run Suiulnyn.
WANTED!,!!
JAltPKTS UrilOIITEItlNG ANI
PIANOS TO CLEAN, by tht Pnouma
tlo Cleaning Company. Ordori fo
wtirk tnkon at
GOINU H HAItVliV
I'HONK 1IKI
T. J. ROAIFE A. II. HODOINI
Marshfield Paint,
8b Decorating Co,'
Untlmatos MAHBHFIELD,
FurutibnU ' Phonn 140L Orefon
Blanchard's Livery
Wo have ftwjiiro- the livery ail
' iot.8 of h. II. Holsuor and ara pro-
pared to rondor oxco.Ioat wrrtco ta
tho poopla of Cuo- Buy. Cireful
ilvom, "kooq rlju ad ororythtng
bat will mean batlutactory lorrle ta
tho public. Phont uo for a drlvlnr
horso, u rig or anything needed Is
the lUory lino. We alio do truck-
.g buslubaa of 11 kinds. .
ilTiANCIIAUl) UHOTUEnS
Phone 138-J
Livery, Feed and Sales Service.
141 First and Alder Streets
A Correct
Insurance Policy
Is vory ossontlal. It It Isn't
correctly wrltton it isn't Insur
ance. Wo wrlto correct policies
In tho host companies.
I. S. KAUPMAN & CO.
177 Front St.
TltY THE EDGE W1TII YOUR
FINGER.
Examlno a collar fresh from or
laundry. Notice 1U clear, white col-
or, Its even, elasUo stlftnsu, U
smooth and Its perfect shape.
. Then tost the top edge by running
your flngor-tip oror it. Notice tks
smooth, slick finish given it, Notk
ing there to rub, dig or irritate your
neck.
This test will proye the value of
our service. Send us a trial bundlt
and apply the .teat
Marshfield Hand & Steam Laundry
Mauzey Bros. Props rhone &
Our Wagons Go Anywhere Aaytlas.
'
'-- --! "" ' " ' I Try Tho Times Want Ads. a
' (
Parties Desiring Monuments Erected
Would do well to call at
The Pacific Monumental Works
South Hromlway and inako solec- ,
tlon from the largo stock nuwnua'V
luuid. Mr. Wilson lias In his employ
the only practical marble and granite
cutter In Coos county. And none
but Uie best work is turned out.
jrwa
FLANAGAN & BENNETT BANK
MAItSIIFIELD, OREOON.
At the close of business, Feb. 20, 1012.
RESOURCES.
Loans and Discounts , J4o0 3CG 69
Banking House ..., " T ko'ooo'oo
Cash and Exchanges .' !!!!!!!!! lSSoiliSS
Total
S644.278.01
LIABILITIES.
Capital Stock paid la . 50.000.00
Surplus and Undivided Profits 57.408.17
Deposits ; 636,869.84
Total
J644.278.01
WILSON AUTO SERVICE
DAY AND NIGIIT
Phones 184-X, 228.
Marshfield, Ore.
The Electric Shoe Shop
IS WHERE TIIEY nUY SIIOES
FROSI ?1 PER PAIR UP.
THE ELECTRIC SHOE 8n0P
180 So. Broadway Marshfield
CONDENSED STATEMENT
Of, The First National Bank of Coos Bay
At tho Closo of Huslucss February 20tli, 1012.
RESOURCES.
Loans and discounts $221,234.34
Bonds, warrants nnd securities. 73,926.11
U. S. bonds to securo circulation. . ' 25,000.00
Ileal estate, furniture and fixtures. : ' "f'f" Vf J ' 81,022.34
Cash and sight exchange !!!!!!!!!!.'!!."!!. 144,699
Total J ',,,,. $815,721.73
, LIABILITIES. '' . N
Capital stock paid In - ' $100,000.00
Surplus and undivided profits. . . 9.235.09
Dividends unpaid 6.00
Reserve for taxes i 000.00
Circulation, outstanding! gHooioO
Depsits ,".'.'.'.' ;.'.'.';!.' .';.'.'.'!.'.'.' . m.m
iQm $545,721,73 F
ora.ta ifooSoWo0 apUaI StCk th ,ndJ,-,lu'dl HaWy ot Stockbold
i INTEREST PAID ON TLME AND SAVINGS DEPOSITS.
W. S. CHANDLER, President. m. O. HORTON, Vice-President,
DORSEY KREITZER, Cashier,