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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 4, 1912)
i f v I0 : THE OREGON t SUNDAY JOURNAL. PORTLAND, SUNDAY" "MORNING. AUGUST 4, 1912. U.J i I - T SYST HE ill 1 PWIJGUBM SbSct 4r r MB n I k FAR OFF RUSSIA x j Government Organizes System ;" That Aids Education of the i f Peasants and Encourages -r-Thenr in Saving Habits. ) .Washington, Aug. S.-Even in remote ( Siberia and Turkestan has the farmers' Cooperative credit system reared a fln- Uncial fabric to assist the peasant farm tt of the Russian czar's domain. The State department has just received from Ambassador Curtis Guild at St. Peters burg an exhaustive report on the farm ers' cooperative credit system in Russia. Thla is the first of a series of reports requested fcy President Taft from nearly every one of tho diplomatic officers in Europe on this movement which he is striving to transplant to this country for the benefit of the American farmer. Ambassador Guild's report has been taken under consideration by the state Aepartment as the first step In prepar ing a plan to fit the cooperative credit Idea to American conditions. I -. At the present time the Russian gov ernment has nearly $40,000,000 of gov ernment money invested Jn the farmers' cooperative credit system, which is per haps the strongest testimonial of all as te tho success of, the movement among Russian farmers and of the great bene- Jfit90ffWch.JtJs .brlnKliieJta.that nation,. t Tot Wadding and Funerals. iHo established a part of the Rus sian peasant's life this financial ma chine Is becoming Is clearly shown in the practice of the peasants to deposit their savings with ' the credit societies on tbe understanding that the deposits fwlll!ba paid out after their death 'for their funeral expenses or that they will be returned to them at the time of the coming: of of a son or the marriage of a daughter. I 'The cooperative movement among Russian peasants has now developed two distinct alms: First to educate the peasants, a, large proportion of whom are quite illiterate, along the lines of modern farming; and, secondly, to en courage them to save their earnings and acquire the habit of providing against the rainy days. The direct aim of the Russian government In organizing this system was to relieve the peasant from the necessity of paying exorbitant and ruinous rates of interest, imposed upon .hem.by their money lenders, the rates' eften-running as high as 60 and, in lnown cases, to 240 per cent, , i,'. Education In Finance. IS. The piovement affords further edluoa tlon for the peasant since the Russian government has very wisely left the management or. tne-societies rargoly to the hands of the' farmers themselves, :v; i s JS. r Mtf .1 Ml(,MygWWMi,Mr.1 V 1 TV l - e V 9 A 1 S3 -a? ur II Hi IK 4 -: 0 tiiwirtiiiit 'conducted through the general meetings of the societies, In which every mem ber of the society is., given one vote. The peasant is thus given 'considerable experience In financial affairs and man agement. The members elect a board 'of directors and a council. These bodies ,take care of the executive .work. They report to the general Meetings of the Societies, at which all the members are present, The government exercises su pervision over the societies through the Iminlstry of finance. !-Although instituted as late as 1895, the movement has spread in Russia to jjnclude 10,000 farmers' societies, with jan average membership In each society cf nearly S00. The network Of societies jepvera practically the entire Immense larea of the Russian emDlre. Wldeanr&.i interest Is taken In the movement, both I by the Russian government and by. tho latter societies are adapted to the poorer and more sparsely settled com munities. 1 Method of Formation . The management of - all tho societies Is placed under tho control of the ministry of. finance and Is directly su pervised by a department of the state bank. When a group of 20 or more individuals wishes to form a cooper ative loan society a petition to that effect is presented to the government A government inspector 'then makes a personal Investigation of the responsi bility of the signers of the petition and of the value of their land, t'pou his- recommendation the government grants the society a loan of one to three thousand rubles ($500 to $1500) for o period of 13 years, at an Interest rate of 5 per cent, payable annually. This loan serves as the foundation capital of the society. For its working capital the state bank is' authorized by the government to lend money to tho society upon ap plication. The amount of the loan from the state bank depends upon the num ber of members in the societyj their aggregate wealth, etc.. but Is not' re stricted to any one amount, and gen erally varies from between $1000 to $1500 and $25,000 to $50,000. Tho state bank loan Is at the same rate of Interest as the government loan i. e., 5 per cent but is made for a , short time only, usually for 12 months.4 Besides the foundation capi tal from the government and the loans from the state bank, the societies may obtain other loans from banks or In dividuals, usually at from 6 to 10 per cent interest. Savings deposits are re ceived by the societies. The average society begins . business with a total capital that Is, both foundation and working capital of from $4000 to $6000. tl Is then in a position to make loans to Its members, who are responsible to , the society. r Borrowing- of Funds; ; - These loans are of three kinds: (1) Arts and Science building, rapidly nfarln,)mpletlon, Reed college, Carnegie Structure .to Cost $12,000 Hotel Building New School. . Architect HE.' McClaren has pre pared preliminary drawings for the. projected Carnegie library building to be erected at-Oregon -City. The design shows a .one story brick , building, $9 by 83 feet in dimensions, with a full cement basement. It Is to be of the classic type of architecture with , a pressed brick front' and a number of large plate glass windows. " The esti mated cost of the building Is $12,500. Plans for a three story hotel building of reinforced concrete construction to be erected at Tillamook have been pre; pared In the offices of a local architect. Those used for current expenses for a term of not more than one year; (2) those used for the purchase of affTOflV 4tral machinery, horses, etc., up to three years; and (8) those used in ag ricultural Improvements, irrigation worksi eta, which run, generally for five years. Loans, Jo members usually bear an Interest rate of 8 per cent to 12 per cent On the small loans, up to $150, no other guaranty Is required of the borrower than his personal word or that of another responsible individual. Where security Is given on the land'or the farm products of the debtor the farmer may borrow as high as $5000. In case of failure of crops or other misfortune coming- to the borrower an extension cf time Is granted him In which to repay his loan, and when the harvest Is not good In any district the 'i i ' .-'-..,-- i., ..s... .-..,.v ., , - v .A,,,.; . ... ,. -.. : ? . .. V gj ! nimn i minBimi miiiiiii-.-rmiiiimii,, I 11 1" m- - llBMMlMMlMlMMMMlMMMlMl"M', jsF ' HA DELTA LANDS YIELDING JARGEJfflNS Berry Crop Near Everett, Wash., Brings $600 an Acre Lands Selling $550 an Acre Diking System. ieM&nt.Maj:hexg.Yernm jiroeeni ume conquering a runner eiao oration of the scheme, h; OonalUons Are Different -In studying the Russian cooperative I er edit system from the viewpoint of the j American farmer, Ambassador Guljd iflnda that naturally the great difference obtaining between conditions In the !vU.-v4 States and In Russia, In regard to the amount of land farmed by indl--tVldualSr-the system of land tenure, the wealth of the farming class, and In the general facility for borrowing money, makes It Impossible for this Country to secure much benefit from a study of the Russian system beyond Its general prin ciples. jr. For example, the average loan re quired by the farmer in Russia does not ( exceed $60 and Is generally employed to purcnase some article necessary at the Moment, such as an agricultural Imple ment or a horse, the loan being repaid Wtke ' Russian farmer immediately arter tne aarvesi. ur course, the Amer ican farmer, who works a much larger leniency to the society for the repay ment of Its loan. In the societies of small credit the Initial loan from the government, made for 13 years, is repaid by reserving 60 per cent of the society's net earnings as a reserve fund. This Is done only In times when the society has had a pros perous year, but, so far, prosperity for the societies has proved almost the I invariable rule. In the same way the loans savings associations put aside 10 per cent for th repayment of loans, and a dividend, not exceeding 6 to 10 per cent, is than paid to Its depositors. BROKER IN BURGLARIES IS SOUGHT BY POLICE Dormitory Reed college; fine type of Old English architecture. . . T What to Buy, When to Buy, HqwioBuy By John M. Osklson. Whal to buy, when to buy, how to by, and how to judge an Investment: Here are the points for the one with money to plant to consider. What to Buy Consider nothing which has no establlsedvalue wjilch you cOuIHrv't sell again with a reaaona'W" effort at no loss of principal. Viu you buy as an Investment (not us a speculation), therefore, ought to 'have a ready market. When to Buy Whenever you havrt Idle money which is not earning as much as It will pay you If put Into se curities Jhat meet the test suggested in the preceding paragraph. How to Buy Pay for your securities outright if you possibly can. If you canX and are sure of a steady Income which will enable you to set aside a regular amount weekly or monthly, you may Invest on the periodical payment plan. But of you do this, he sure that In case you find it Impossible at any time to continue the payments, what with interest. Tor If you have paid one-fifth of the price of a $1000 bond, you own Just that much of it and you should receive the interest on your equity. It Is the most important in buy ing real estate, or real estate securi ties, to provide against losing your in stallment payments ''In case you have to stop paying them. How to Judge an Investment Be sure that the men behind the proposi tion In which you Invest are successful and honest; demand full and under- The structure will be 66 by 71 feet In size. Plans have also been drawn In Port land for a new bank building to be erected on the site adjoining the pro. posed hotel by the Tillamook county bank. Both structures will belong to the same Interest. standable reports; don't Imagine you are making a real Investment if any con yjU-haya paid wUlita returned Xo- you, I alder'ahle part-of-your money-flnds-ta (By th International Neiri Service.) Paris, Aug. J. Montmartre Is being searched by the police for a German called Molse, "wanted" In connection with the bogus burglary at the flat of M. Bouvler, the bankrupt Jeweler who acreage, would usually need more money hired a band of thieves to rifle his safe and longer time. He would require his 1 In order to collect the Insurance on some loan, not so much for the moment's exl gency, as for the gradual development of Ms property. - . Two Classes of Societies. Z. In brief. Ambassador Guild reports e Russian system t be an institution Sof cooperative loan societies among the farmers, conducted under governmental patronage and supervision, by which the I Jewels. Molse, who calls himself the j"klng of burglars." was engaged as a j klnl of "star performer" by a German now In custody withtwo alleged accom- ! plices. ! The German Is stated, to be a regular j organizer of burglarfe!, able to lay hl3 i hands at any timo on a socialist for i some particular branch of work. Un - A 1.1 I. . . ' "" W V, 1.11. 11UU1C1 ll'T .jiarmer, ' xo .um-eu. ls given , unil(.rtoolc , alleKP()i to engage a Bpe. ithe benefit of oans from his society i , , d of burK,ars to dL.nl wlth M .. . nn Inn sr tlihn anil pasv tpmifi. nnil ut iIia ' . . - . I . ..... . . . . i Ilouvler s two ton steel safe. Molse was , jsaine me is permiuea 10 snnre in ins , tele(?raphM fur , c-rmany and cam.: uC.ly . .mi.vB a.o to Paris for a dny like a theatrical ar- . OI two Classes u.e loan savings asso- ; Ugte f.I1Ra)eiJ f(. ft p,(,(.lal perform J"'al'V i ti B,"a'liance. He was duly met at the station freuii.. i uey aie uuiu tui.ijt'iuiivc, ami the aim of each ls to lend small amounts ,tO the1 farmers through governmental " assistance. ,' The difference between the two . iClasscs Of societies is that the mcni , Iters of the loan savlnns aHoclalloni v 'are obliged to make deposits of :i . rmall amount ln(ordtr to fjrm n re , serve capital for their society, while jmembers of the societies of a'niill credit llo not participate personally In tho 1 formation of their society's capital. Th ; by his impresario who pot the gang to work and then discretely retired. HIGHWAY ROBBERyIs ' RUSE 0PEL0PERS i Bv the International New BrTlr.) Berlin. Auk. 3. An elopement under remarkable circumstances ls reported fnun Innsbruck, In the Austrian Tyrol. A German family whs making a carriage tour round I.nko Toblach. when a young m;n sudd- nly appearei on the highway, and, pointing a revolver at the father demanded that they should to him their dauKhter, 19 Ke, who was with them. The terrified parents complied, where upon the young man fled with the girl In a motorcar. The father Immediately notified the police, who are of opinion raa bj m n n r points fa M RaAJ Brul 'nother Im O u IL IV I A 'r. IAJSO csuea Tetter, Bait KAram, prutt ; tns, SSHk-Ornst, Weeplr Skin, etc) ECZEMA CAM BE CUKED TO (STAY, Hid Wbeii I tj etirrd, I rceeu jun ht 1 y C-lyl-E-ri. .'Th(K nut nifrT rmtih.-il nn for wUl, to returnore than Iwlur. Uemeni- i .hat ,h Uldnnninir' x nrenrrn,H h. frr 1 Putt Uiia lro Utemut attr v-ultlug ' .. , , . , .... V .. ,1m rr of my tiin on thu nr rttie and ' tween the girl and tho highwayman," handling In tba meantime a uiarter of a niU-; who Is described as a Charlottenburg llus re ot tlila dreadful dlamt-. Sow, I merchant . Ao not ear what all f. u have ufd. n ir b i r ' laany eoeiora have teld jou that r..ii e-.uld . .ri wriM,Ex-conoii king now ACTS AS BONIFACE nut If hi win write nie THIiaY. 1 roe FREE TRIAL nf my mild, 'nothing, i uarantd eur that will eiiiriie v .n ni,,r,. In a lar than I or auvone c.iil.i in 1 loortk'a tin,. If rm ar dlasnatrd and du-' Boston, Aug. 3. Dan Scully, who mnraged, I dan jou to five iue a rlmmf t.( cle!nrd up $3,000,000 on tjie New York Ltn.n!,i! '" r.i? Z't T.'?" n;rot,on "change. In a few months, lost i H enjer more real enmfft than tiu bud i , . , . . , , , ' , im- ih,,ht tlila ,,rll hot.u f.- un t,,..11' 'w minutes, and vanished from u it ! ww Mil m I tm eelttw'r -raw Ttwt -t twwHytte w nnw ftinnlnar- bqs1 I""S1 - i" . in a- house at Watch Hill It. I. HIh firiner Hummer home ls his hostelry. The UallrtMtm," there Admiral Evans and othtr guests danced as his guests, if now a sun parlor for boarders. At the second annual meeting of the Columbia Delta Gardener's association, held at Clatskanle last Tuesday, nearly 100 prosperous farmers and truck gar deners attended. The meeting was called primarily for hearing reports from vari ous members of the association who had visited similar districts In the northwest for the purpose of gathering Informa tion as to tho methods of cultivation and of m ark et I ng the jtrotl u c t s. Among other points visited by mem bers of the association were the dike lands near Everett, Wash., the Vuyallup country, the LaConner flats, the govern mental experiment station at llelling ham and the White River valley In Washington. The visiting committee was composed of J. A. Walgrln and K. R. Marvin. Yield 9600 an Aore, In his report Mr. Walgrln said: "We found that at Home Acres, hear Ev erett, the principal crop was berries and that the annual gross yield per acre was about $600. These lands sell for about $650 per acre. Their leves are 20 feet at the bottom, 10 feet at the top and 10 feet high and are much smaller than the levees protecting the Columbia Delta gardens. Pumping there Is car ried on throughout tho year as they have not the advantage of the tide In draining their lands. From Everett we went to Puyallup where we found berry growing and po tatoes to be tho principal crops. At Puyallup they have a cooperative can nery and we were told that their prof- Its this year from the cannery would pay for It. We also found the Puyallup country to be good for dairying, one acre easily supporting a Vow. We visited the bulb experimental station at ISel ilngham but wire unable ti ascertain !f the station had yet proved that bulbs could be successfully grown in that dlfl trlct. "From Puyallup, we went to Pacific City. In the White River valley and there we found a very -prosperous coun try. There they grow horseradish, cel eryi onions, cabbage, cauliflower and rhubarb, the land producing abundant ly Land in the White River valley tells for about $600 an acre." SUlng; Wins Praise. Mr. Walgrln reported that the Colum bia Delta country had "made greater progress than any of the districts his committee visited. Ho said that the diking on the Columbia was far superior to that on the sound and that the Co lumbia Helta country had the additional advantage of sublrrlgattoA. A letter was read from Professor II. D. Schudder of the Oregon Agricultural College experimental station, promising to cooperate with the association and Indicating that he would outline some experiments to be made next year which would be of benefit to the truck garden ers on the lower Columbia. , A committee was appointed to formu late and submit plans for marketing the products of the association, the Idea be ing that all of the crops marketed should bear the name of the Columbia Delta Gardeners' association. The association proposes to pack Its products In the most up-to-date manner and to give the proper class to each and every Individual package. A general office will be es tablished In Portland, which will handle the produce of the association. The meeting adjourned to meet again at the same place on the second Satur day In August way to a promoter pocket: don't be de- ceivea oy me names or wiaeiy Known men on boards of directors especially If the boards are big the best directors are men trained in tne nustnoss; remem ber that there are at least two commer clal agencies In this country whose re ports on a Business can be obtained through any bank special reports from them cost a very small sum; above aLU don't be taken In by promises of big profits only speculators have a right to talk of big profits. V. Vincent Jones :anrf H.1 N. Aldrich Form Partnership; Waldmere Platted. V. Vincent Jones, formerly associated with the Fred A. Jacobs company, of this city, and H. KAldrich, a former merchant of Bridal-Veil. Or., ha, "in formed a partnership under the name oi th Vincent Jonea Realty company. Tha new firm has taken over 172 acres ad-; joining Llnnton, and belonging to tha Linnton Realty company. The front tl , acres of this property' Is already platted as Waldmere, and contains three fine residences with three .more in course of construction. I-mproVementi r are all In, including winding graded streets, sidewalks, curbs and a water; vKtnm. it is the intention to erect tomes of the better class aa fast as they will sell and also to build for purchasers on easy terms of payment. . These gently sloping nuis rronung ma river, the city and tbe mountains af ford fine views and present a variety of opportunities for building beautiful homes, with Ideal suburban surround ings, which are to be taKen advantage of to the fullest extent by the owners and developers. Many of the sites are larger than the ordinary 60 by loo lot, ranging up to s hall acre or an acre In else. An experienced and competent lands- scape architect will be employed to de sign platsafor each residence site, Show ing the most , feasible la y out- for each one In order to secure the maximum of beauty, with a minimum of expense. Nothing Is to be left undone by the pro moters to make Waldmere a choice high grade residence suburb. mm E mm i New York, Aug. 8. In ' an almost Adamless Eden, somewhere on the north shore of Massachusetts, scores of work ing girls from Boston and nearby cities are passing their vacations as guests of Miss Helen Clay Frlck, daughter of Henry Clay Frlck, the wealthy steel man of New York and Pittsburg. Men are permitted in this Eden only to milk cows, hoe the gardens and cut the wood. Although the establishment has teen maintained for four years, Its existence has been kept a secret until new, and its location ls still unknown to ethers than Miss Frlck, her frlonds ami the girls Tvho have been welcomed to the bea uUful ann. ataflfiOnmikfiS-re "treat oh the shore of Massachusetts bay." Every girl who enjoys the hospitality oi ine r-uen is iwur.4ipiTrrfl uiun to Its location and Its management. 'Its rules proscribe all flirts and fibw. Rats, unnecessary frill and hobble fklrts nr barred by an Inflexible rulo. No girl may bring her brother cr cousin to this haven, and no girl ls permitted, It ls paid, to wear more than two different dresses In'one day. Journal Want Ads bring results. aaaaBBamBainBMiBaaBBaaBBBasaBBamBBBB mi o i it Tr. & a. Oanssday, 773 Tirx Sqaare, easus, no. f!frwe: Third National Jtonk, alalia, Mo (Void T dp a better act thai to aend tila ; tl'-e t SOB) boot 'Sufferer of Ersrma) PACIFIC IRON WORKS BTBUOTtTKAL ITSXXi ASCXXTbCTUBAXi ZXOaT Immediate Delivery PortlaU, Or. DEEP WATER SEAPORT and RAILROAD TERMINUS on TILLAMOOK BAY io be GreM MaeofladMHeg City and Metropolis of the Tillamook Country A Payroll ol $1,000,000 a Year FOR 300 YEARS WILL NOT EXHAUST THE BILLIONS OF FEET OF TIMBER TRIBUTARY TO TILLAMOOK BAY Work started on the ONE MILLION DOLLAR SAW MILL. The Whitney Lumber company is completing the beautiful new residence for their manager at Kilchis Point, just outside the corporate limits of BAY CITY. This is the preliminary work ?f the immense sawmill plant to be erected at this point. The government engineers reported that the big saw mills to cut the BILLIONS OF FEET OF TIMBER must be established on Tillamook Bay and not on the rivers and sloughs tributary to the bay. BAY CITY being the only possible large townsite on the bay, it is obvious that BAY' CITY will be the metropolis. The government project of improvements is now law. The work on the new jetty at the entrance of the b,ay ard the deep channel DIRECT TO BAY CITY will be1 started soon as possible, the money appropriated by the govern ment being available at any time. SECURE A FEW LOTS IN BAY CITY. Don't wait for improvements. As sure as you, do you will pay the penalty of advanced prices. Buy now and reap early profits. " j I of s Sfi5 f ft 81 511(1 on Fncv Tprmc N b?ok'fll11 1 of ' . country VISIT BAY CITY SOON AS POSSIBLE. will be issued soon. Apply for a copy. Use the coupon below ' FARE GOOD RETURNING ALL SUMMER, $4., RETURN FARE, SAT URDAY TO MONDAY, $3.C0. t BAY CITY LAND CO.: Send new book about the Til lamook country and Bay City. "Name Address lJCIliicijiiiiC 701-2-3 pal cling BuilcSino ri t oTo-I
