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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 23, 1919)
THE OREGON DAILY JOURNAL, PORTLAND. MONDAY, JUNE 23, 1919. QTfllM A GREAT PROSPERITY IS PREDICTED AS A RESULT OE PEACE Small Wars, By-Product of Huge ouugiC) wan. uoomj we wii.- tied With Main Problem Over. CREDIT IS VERY IMPORTANT Europe Will Pay Eventually, and ' Until She Is Able to Do So, . Her Faith Must Be Accepted. New York, June 28. Signature of the peace treaty by the German government has been looked forward to by busi nessmen In all parts of the world as the beginning of a new era of prosperity. That the Germans will sign has not been doubted by those In close touch with the situation. . The public cry of protest on the part of Germany combined with the weaken ing of neutral exchanges and the activity of the allies on land and at sea and In the air have convinced everybody that the war is about to end officially. -The dozen or so wars that are a by-product of the big struggle can easily be at tended to once the main question is set tled. . I9IPROVEMEXT MUST RESULT It Is not expected that central Europe will immediately bloom into prosperity, but the point la that It is seen in all parts and from now on nothing but im provement will fe the order of the day. Money movements and trade move ments will now be natural and the world can reasonably look forward to a period of peace extending over several genera tions. In the new business regime that is now to be inaugurated, money and credit become the first considerations. The United States, has a banking and currency system not equaled anywhere else In the world. If It Is administered properly all businessmen are certain tf getting funds at reasonable prices at all times. ' The outrage of ' 15 per cent money which was committed on Monday of last week must not be repeated. It Is the duty of congress to investigate the administration of the federal re serve bank and to remove the persons responsible for what was done. It is entirely possible that it may have been honest blunder, but blunderers have no place in such an important organization. OUTLET FOR AMERICAN GOODS There being plenty of money and credit If' properly used the money for commodi ties becomes the next consideration. Eu rope Is physically uninjured except in . the limited space where the battles were fought. The human wrecks are scattered all Over the continent as are the finan cial ones, but Europeans as a physical proposition will quickly recover from the war. .It . Is terribly short of necessary 'fhTrigar such as railroad equipment and automobiles. The war zone being so gen erously interlaced with rivers, the num-ber-of bridges destroyed has been enor mous. . , These three things furnish an outlet for American goods for a- long period of years. CREDIT MUST BE OITEJT ' In'connectlon with the sale of this ma terial American manufacturers will have to trust the European purchasers and manufacturers though they never trust ed Europe before. They will have to trust the precept that a man's character is as good collateral as his property. Europe will pay In the long run, if proper credits are arranged. Therefore the' wise bankers of America are al ready arranging a great corporation Fourteen Points of the Bond Business. No. 8 You'll Never Find Them The members of the buying department of a modern trust com pany are extremely alert. Very few, if any, prospective improve ments which are to be financed by bond issues escape their notice. Constantly these men, trained by years of executive experience in financial matters, are :n search of opportunities to lend money in large amounts. In buying' bond issues a trust company employs capital which is to be replaced in the company vaults as soon as the individual investors participate in the transaction by purchasing the bonds and which is then immediately available for the next pur chase of; bonds. But the opportunities for these investments would not be open to the public except for the trust company's interme diate relation between the original seller and the ultimate buver of the securities. Nearly every large bond sale in the West is attended by repre sentatives from a dozen or. more financial institutions, and some times by buyers from the extreme East. These men know in ad vance whether or not a contemplated investment is safe, and their bids are based upon a knowledge of what the individual investors, through the selling departments of their respective organizations, wiu pay ior sucn Lumbermens Trust WttL$jGX ' Lumbermen Bids. Half Million TT TRTT ! WTT T RRINP. NF.W F.R A OF PROSPERITY Thrift Is Just Efficiency The average family Income In Great Britain Is $1080. or $236 per capita, yearly. Out of that income John Bull succeeded during the war. in teaching two mem bers of everv British family to save and Invest in war bonds and stamps, $140 each, according to an article in Printers' Ink. That is, each family saved more than one fifth of Its Income. . . - , - A similar comparative saving by the hundred millions of people In the United States invested In Thrift Stamps and War Savings Stamps would add tremendouslv to the nation's available supply of capital, and would transform the United States from a nation of spenders to a nation of savers. r The results in Great Britain were accomplished by practical efficiency sug gestions how to save on gas. laundry bills, cooking, soap, coal, food, etc Thrift is just efficiency after all. It goes much further than the savings of pennies or dollars. It is the saving of materials and time, which run Into money very quickly. i FINANCIER PREDICTS LIBERTY BONDS WILL BE SACRED TREASURE In Years to Come They Will Be Looked Upon as Proof of Simon-Pure Americanism. If you have sold your Liberty bonds or have made up your mind to do so, you will find food for thought in the following interview with Frank Allen, vice president of the Liberty Trust & Savings bank of Chicago': "When all else Is history and service flags are stored away, when home com ing celebrations are mere memories, then the Liberty bond will come Into its own and will become the most desirable possession of the true American. This bond will be continual ev3ence of. the financial sacrifices made by those who were not fortunate enough to partici pate in the battle of the Marne, the Argonne forest, or Chateau-Thierry. It will become the best form for natural ization or Americanization. It becomes an honorable discharge from the army that supplied the boys over there with ammunition, food and clothes, and is, in addition, the best Investment In the world. "Why this bond that backed the boys over there, your boy and your neigh bor's boy. should suffer the indignity of being peddled and jobbed around like common Junk is beyond the comprehen sion of those accustomed to dealing in i high class securities. The time will come. when these bonds will be held at a premium, and then It will be found that most of them are owned by people who appreciate exceptionally good in vestments. "There must be a purchase for every sale, and those disposing of their bonds should realize that some farsighted 'in vestor is taking advantage of their tim idity and building up a fortune at their expense. The American people have at) opportunity now-to rectify their faults by buying back those bonds that they, sold, and then holding them until they mature. Every true American should possess, as their sacred duty, and as proof of their patriotism, all the bonds that their income will permit. "An American without Liberty bond is not altogether American he is lack ing somewhere, and must not complain if he or she be- classed as un-American or foreign, or even a slacker. If you have so ,far forgotten the boys who fought for you as to sell your bond, hustle around to your local bank and redeem your Americanism by repurchas ing at least one bond without further delay. Don't let the boys come home and find that you have broken faith with your government by peddling its promise to pay." through which the financial risks will be distributed among all the investors and speculators of America. Technically, the stock market is in good condition because the 15 per cent money of last week shook out weak holders and frightened the strong ones. Donas. The Lumbermens Trust Company buys and sells bonds not only through It? Portland, San Francisco and Seattle offices, but also throughout the West. A line drawn across the country from the Dakotas to Texas would designate in a general way the territory our representatives cover. The company is en gaged very largely in financing the development of the West, It also buys in the East and in foreign countries in order to diversify its offeritgs and meet fully the needs of its clientele. in Capital-Hundred Thousand PROSPERITY OUTLOOK FOR BANDON SECnON CONSIDERED OMEST Banker Outlines Development Which He Believes Assures Future of City. The steady growth of Bandon, Or., and the Increasing possibilities of the surrounding community in that district were outlined by F. J. Fahy, vice pres ident of the Bank of Bandon. who spent the greater part of a wrtk In Portland after attending the bankers' convention. Mr. Fahy says the prospects for this year are better than ever before and is very optimistic over the future of Bandon. Lumbering and dairying are at pres ent the principal products of the country at the mouth of the Coquille river on which Bandon is situated. While this thriving little city did not participate in the profits of war Industry work, such as construction of ships, etc., it has Witnessed a steady growth. The de mand for lumber has increased in a large volume, and where it was formerly necessary to Beek buyers for timber products, those concerns now in the market send buyers to Bandon,. accord ing to Mr. Fahy. The Nestle's Food company, which re cently established two production branches in Oregon (at McMinnville and Bandon), has purchased property at Bandon and are making extensive im provements, such as installing machin ery and organizing production methods, with the view of opening for business within a few months.' The establish ment of this condensary will mean a great thing for the dairying Interests of that community. Dairymen will be able to get better ' prices for their prod ucts than ever before. Trucks and boats will be used to obtain milk from the surrounding country and will probably extend into Curry county as far as Port Orford. A bond Issue of $60,000 was recently voted by the people for the develop ment of the harbor at the mouth of the Coquille river. With this sum the government will give an equal amount, making $120,000 for improved shipping facilities. At present Bandon is 28 miles from the Southern Pacific railroad at Co quille. Boats and freight barges ply be tween this point and Bandon. Mr. Fahy says the prospects of getting an exten sion into Bandon are good. The Roose velt highway is looked upon as a great factor for development work in that sec tion and the residents are very much enthused over the results it will bring. Banker Enjoys Farming Thomas A. Ryan, president of the Bank of Commerce of Oregon City, says he will put his cows and hogs against the world for breaking down fences. Be sides conducting a general banking busi ness Mr. Ryan runs a couple farms near Oregon City, and when the salmon run up the Willamette, which flows by one of his farms, spears the king fish for feed for his poultry. Napping in Surplus P.any 'MM Fifth end Stark ,i" iKvJl FREE HANDLING OF BONDS IS PLAN OF CALIFORNIA BANK System Adopted to Keep Within Reasonable Limits High Cost of Living, Says Banker, SITUATION IS NOW REMEDIED Rather Than Have People Dis pose of Their Certificates at Prices of Market Loans Given. With millions of the people in this country holding Liberty bonds to a total amount that staggers the Imagination, a great problem has arisen. On It de pends the keeping down within reason able limits of the high cost of living. This problem is to develop among the owners of Liberty bonds such a habit of thrift and foresight as will induce them to hold their bonds. The honor of having produced one of the most successful plans to this end yet put into use goes to San Francisco. Some time ago the Anglo-California Trust company of that city Inaugurated this new departure. So successful has it been that other banks throughout the country have adopted it and are putting It into use, according to R. D. Brigham, assistant to President Mortimer Fleish acker of the Anglo-California Trust company. . "A reat many people have asked us how and why we decided to take care of Liberty bonds free of charge for the public," said Mr. Brigham, who has charge of that department in the bank. "The plan has become so well and fa vorably known that it is particularly in teresting to relate that the idea origi nated with the head of one of the lead ing rlelgious organizations in California. REMEDY SEEDED "This "man, ever mindful of the best interests of hia people, came to us last fall and told us that a great many mem bers of his church were selling their Liberty bonds or were losing uiem Dy theft or fire. He asked us to find a remedy for this deplorable situation. Here were people who had gone without many luxuries and necessities in order to cooperate with the government and purchase Liberty bonds and they now were, selling or losing their bonds be cause they did not have a safe place to keep them. "The officials of our institution Im mediately decided to inaugurate a gen eral program of safekeeping Liberty bonds for the public, free of charge. We did not expect any financial gain from the service. We only could see a great deal of work ahead of us in carry ing out the plan, but the government thought it was a splendid Idea and urged us to carry it out. "When people bring their bonds to the bank we issue a special pass book with a description of the bonds listed therein. The bonds are then stored in our vaults and as the interest become due the cou pons are clipped and the amount placed to the credit of the depositor's savings account, which Is part of his Liberty bond account. In other words, each Liberty bond depositor is automatically a savings depositor and these Liberty bond accounts are the beginning of many worth while savings accounts. WILL LOAN 0 PER CE2JT "Rather than have people sell their bonds at prevailing market prices, the bank will loan up to 90 per cent of their face value. The bank willalso convert bonds from one Issue into another at the discretion of the depositor. The service is complete in every detail and is much more efficient than could be secured by the average depositor hand ling his own bonds. "As a result, of the Anglo-California Trust company's experience In handling Liberty bonds for depositors, the bank has become a sort of clearing house for ideas and methods to use In this kind of work. Hardly a day passes but some bank on the Pacific coast writes for complete information regarding the serv ice. When the bank decided to inaugu rate the plan the first thought was how to make it a complete success and how to bring it before the attention of the public. ' The officers of the bank had been making a study of the value of advertising' for some time, and they Knew that advertising is most productive when the advertiser puts the interest of the buying public first. The officials know that they had a proposition that considered the owner of Liberty bonds first and they believed that If the plan was advertised judiciously, the results would be far reaching. They believed that a bank could use advertising in a dignified way and obtain as good re sults as any other straightforward busi ness men in other lines of business en deavor." Treasury Wants to Retire Certificates Of Indebtedness Special effort is being made by the United States treasury department through the Federal reserve banks to in fluence the corporations and individuals holding United States treasury certifi cates of indebtedness, maturing from July 15 to September 9 inclusive, to ex change them for the tax series T4, ma turing September 15. Accomplishment of this task will elim inate a large amount of refunding and will greatly reduce and simplify the treasury certificate program soon to be presented to the hanks of this country. A further essential advantage is In the lessened chance of any noticeable money1 disturbance at the net income tax pay ment date, as the certificates due Sep tember 15 are issued in anticipation and are accepted In payment of taxes due. The privilege of exchange is re garded favorably by New York banks, that city having reported exchange ag gregating nearly 347,000,000, Hop Crop Is Good Cp, nd3t,on8 nd the hop outlook in the Independence district for the pres- ... io ueuer man ever before, according to Joseph Hlrchsberg, presi dent of the Independence National bank, who visited Portland last week. . Former Bank Cashier Back C. Dryland, formerly assistant cashier of the United State National bank, who has lately been connected with the au diting department of the Guaranty Trust company of New York, has returned ton Portland. While in New York Mr. Dry land took upon himself a bride and to gether they will make their home here Edited by Joe II. Jordan FOREIGN TRADE OPPORTUNITIES For additional Information on the op portunities listed below refer to the bn reae of forelge and domestic commerce, Portland Chamber ef Commerce, ladl eating file umber. Potatoes Wanted In France Potatoes and seeds are desired by a firm in France. It will undertake to Introduce new varieties of plants, vegetables and forage crops. File 29543.- Grala Sack Slaehlnery Wanted The purchase of 10 machines for sewing grain sacks and two machines for cut ting sack material is desired by a firm in Argentina. File 29645. Logging Snpplles Wanted The pur chase of supplies for logging and float ing, all kinds of supplies for logging, such as wire rope, tree-felling machines, motors, stump pullers, and all necessary supplies to be used in forestry, is re quired by a company of sawmill owners. File 29611. Mexico Wants Soap Cheap laundry soap in quantity of 800 cases is desired by a man in Mexico. Quotations should be given c. I. f. Mexican border. Terms, cash, or 30 days preferred. Invoice should show the gross and legal weight of each 10 boxes for customs brokers information. File 29612. .miscellaneous upporinnuie a num ber of foreign trade opportunities have been received without being accompanied by references. A list of the names and addresses of inquirers, with the articles desired, can be obtained by applying to the bureau or its district and coopera tive offices for foreign trade oppor tunity. File 29650 A. Lnmber for Italy A lumber dealer In Italy desires to secure an agency for the sale of American lumber in that coun try. File 29657. Foodstuffs Wanted An agency Is de sired by a man In the Canary Islands for the sale of cereals, wheat flour, textiles, lard, bacon, ham, sweetmeats textiles, lard, bacon, ham, sweet meats File 29628. Cheese Desired In Cuba A man In Cuba desires to represent American cheese manufacturers and exporters. File 29.628. Belgium Wants Cattle Feed Dried grains, cakes, and other cattle feed In large quantities are desired by a-mer chant in Belgium. File 29614. Extension of Stock Exchange Loans Is Cause of Criticism The- extension of stock exchange loans, which are now above SI, 000,600,- 000. is creating comment. That amount of loans is not abnormal, having been exceeded in 1916, but the fact Is being emphasized that, much credit will soon be needed for diner purposes, such as new domestic and foreign financing. building loans, crop moving, etc. The National City bank takes the position that: "The 'logical course for reducing this credit expansion and -lowering the present (commodity) price level is by raising interest rates. If there Is any slack in the credit situation it ought to be taken tip and conserved for the real needs of the country, and not absorbed wastefully or in mere speculation." "Unquestionably the banks, by con certed action, could find some way of checking the increase in loans which re sults from rapidly rising stock prices. says the Magazine of Wall Street. "The demand for loans for strictly industrial Durooses mav be exDected to crow, snd eventually ,to draw credit away from the stock exchange in a normal way : but in the 'present situation the banks might easily- conclude that, for the general public interest the rise of loans ought in the meantime to be held reasonably in cnecK. Women to Have- Bank The shopping district of Minneapolis Is soon to have a woman's bank, to be known as the Woman's State bank. We should think it quite appropriate in these times when women are "breaking In' on every line of man's endeavor, says The Confidential Banker. It Is not stated whether there is to be a "stock ing room" or not. It Is to be assumed, however, that there will be a tearoom, manicure department, including a read ing room, "where all the latest style plates will take the place of the usual market quotations and the bon bon box will supplant th ash tray. What a treat such a bank will be for the bank ex aminer ! Customers Tor 50 Years When Ladd & Tilton celebrated their sixtieth anniversary the first part of this month they found that there were three names on their books who had been steady customers for the past 60 years. or more. In view of their faithfulness and patronization for that long period the bank presented them with a gold souvenir in the form of a pencil, with a suitable inscription engraved thereon. Thomas Mann, Hawthorne apartment; James Muckle, 563 Ladd avenue, and James Dant St Helens, Or., were the three individuals who received the re membrances. Banker Is ' Pioneer J. M. Poorman, cashier of the Bank of Woodburn. Is one of Oregon's pioneers and Is very enthusiastic over the present good roads development of tne state. P'While driving from California to Ore gon back in '79," says Mr. Poorman, in contrasting conditions with today, "no one knew Just where the Oregon line was located, and we had spent a day and a night in Oregon before we found out we had crossed the boundary." Mr. Poorman is one of the ex-presidents of the 'Oregon State Bankers' association, having presided during the year 1916. Antedating Henry A. G. Longshore, assistant cashier of the Northwestern National bank and delegate to the annual convention of the National Association Credltmen at De troit, once knew a man, according to the last issue of the Credltman, whose wife's sister married into a family who ran a garage on the very spot where Henry "Ford got out and crawled under the original tin "flivver.' Lawyer Elected Bank President New York. June 23. Roger H. Wil liams, banker and lawyer, has been elected a vice president of the National Bank of Commerce in New York, retir ing from the law firm of Williams, Glover & Washburn, .of which he was head. Seashore Attracts Vacationists Lansing Stout vice president of the Hibernia Savings bank, took ma camuy to Seaside and spent the week end at the beach. " Hughes Tales Vacation W. W. Hucrhes. assistant cashier of the Hibernia Savings bank, left Saturday for an extended trip through California, where he will spend the next 15 days en Joying his vacation. WHEELER TO DEUVER ADDRESS AT EUGENE FOR SALVATION DRIVE Noted Speakfer Will Open Cam paign to Be Carried On by Elks; $9000 Quota Is Goal. Eugene, June 23. Dr. Charles' T. Wheeler of Chicago, one of the country's foremost speakers, will deliver an ad dress here this evening on "The Sal vation Army versus Bolshevism," under auspices ot the home service committee of the Eugene lodge of Elks, which or ganization is backing the drive In this county. .The meeting will open the campaign In this county for the quota, of 19000. The Elks of all districts are putting forth every effort to "put the drive "over in short time. The little town of Mabel has planned a dance for Tuesday night. the proceeds to go to the fund. Members of the local committee are to be guests at a banquet at the Hotel Osburn Just before the meeting tonight OVERHEAD CROSSING CONCRETE WORK PRACTICALLY FINISHED Eugene, June 23. The' concrete work on the overhead crossing .at .Divide, where the Pacific highway crosses the Southern Pacific tracks, is practically finished, according to Hollis W. Libby, former, surveyor of Lane county, who is now with the state engineering force. The grading on either side of the crossing and the two approaches are i yet not begun. Mr. Libby states. The work of grading four miles or tne road between Walker and Cottage Grove Is well under way. George Pyle, who has the contract for paving the road between here and Goshen, will begin actual operations soon. GOODRICH IS CHA1RMA1C OF SCHOOL BOARD FOR NEXT TEAR Eusrene. June 23. L. L, Goodrich, cashier of the First National bank of this city, has been elected chairman of the Eugene school board ior me. conr- Iner vear. the reorganization taxing piace at -the meeting of the board Friday niffht. W. W. Brown has taken the place of H. O. Bowen as a member of the board. Four new teachers were elected to positions In the Eugene schools. Frank L. Grannis of Seattle was re elected to the high school ; Ruth West fall, a graduate of the University of Oregon, will tench in the matnematics and science department of the high school ; Nora Baird of Baker will teach In the Junior high school : Ltda Gar rett of Eugene will teach English In the high school. GRANGERS. ASSOCIATION WILL PURCHASE HILL PROPERTIES Eugene. June 23." The Eugene Grangers' Warehouse association at a meeting held Thursday yoted to buy the defunct Eugene mill and elevator properties, now in the hands of the re ceiver. The farmers will make the pur chase if the 320,000, stock can be dis posed of, $9000 being already taken up. An option nas neen securea on mo cuu it. ill HHE PERIOD of A reconstruction brings with it an increasing number of transactions with foreign countries." Nearly all these transactions entail banking service of exchange or credit. Foreign exchange is a technical and difficult study, and requires expert attention. Through information that we have at hand or can easily acquire from our excellent con nections, we are in a position to give and ob tain for you technical and credit, data. We are at the service of the public in this im portant component of a great and new busi ness development. First National Bank of Portland Fifth and Stark Streets HALL & COMPANY Buy and Sell U. S. Government, Foreign Government, Railroad, Public Utility, Industrial, Municipal BONDS Quotations Upon Request Lewis Bide., Portland, Or. Government and Municipal Bonds Bought and Sold gTpevepeaux &mpiany 87 Sixth Street Municipal bonds Broadway 1042 ' ; Ground Floor Well-Fargo 'Building cern ana - an exiori is oeing roue vo raise the necessary money. y VMVQVX BAPTIST COITTEKTIOIC IS SLATED FOR SPRINGFIELD Eugene, June 23. Announcement that the next year's convention ot the Ump-que- Baptist association would 'be held in Springfield June 21. 22 and 23. 1920. was made at the session of that organ ization here Saturday afternoon. Satur day's session was taken up with special reports and the afternoon was - turned over to the women of the association. Officers of the association for- the coming year were chosen as follows: Rev. R. T. Smith of Junction City, moderator ; 'Dr. J. W. Ford of Eugene, clerk and treasurer; Rev. T. S. Mosher, assistant clerk and treasurer. Soldlrr Weds Wendlino Girl Eugene, June 23. Cecil S. Hayes, who recently returned from- France with Battery C, 65th artillery, and Juanlta Roach of Wendling were married In the Methodist church parsonage by Dr. 1)1 H. Leech Saturday. Dentists Picnic Eugene. June 23. The Lane county District Dental society held its annual picnic Saturday up the Row river. The picnickers motored to the grounds, tak ing fishing equipment and lunch. Chicago to Have Largest Stadium Chicago, June 23. (I. N. S.) This city in the near future will have the largest stadium In the world. This huge playground was assured recently when the South Park board unanimously voted to raise $1,000,000 toward defray ing the expense of the "largest stadium In the world" in Grant Park. Chicago boosters got together and clinched the thing when they sent word to the board to "speed things up" as "money need be no object when it comes to put ting the thing over." Plans , are being considered for a "bowl" similar to the Vale bowl, which has a seating capacity of 75,000. The proposed Chicago bowl will have a much greater seating ca pacity possibly 100.000. America Outbuilds Britain in Shipping Tnnn. June 23. America had fiM' much shinning under con structton as Great Britain during the first quarter of 1919, according 10 tw'i latent rerlster. The United Ktatoa total of 4.185,523 tons constl- tntAii mbout 75 per cent of the total construction outside the United King dom. Britain's figure was 2.254,845 tnn. -The arcrregate tonnage under construction In the end of March In both o in i und neutral .countries amounted tn 7 796.266 tons. British construction included 603 steel steamers totaling 2,220,816 tons and 89 ferro-concrele barges, one motor vessel, and 49 steel sailing ships. - Missed Their A. M. Toot Tfa.va.na. lit. June 23. (L N. 8.) riAn rinwn large factory here and discontinuance of the whistle calling the workmen to their labors Interfered so much in the dally routine of the villagers they petitioned another concern to blow its whistle at the same time so that the i,i.na pmiM tret ud In time in the ..1 Ll.l'"U vvw- w morning. Telephone Marshall 655 Kansas Courts Have Queer Nut to Crack: El Dorado, Kan., June 32. (L N. 8.) Is stealing electric current a violation , of the Kansas larceny law? This Is the question which must be decided before . the Kansas Gas and Electrto company can prosecute an El Dorado man for the 1 alleged theft of a quantity of "Juice" during the past six or eight months. The ' man is said to have moved last fall Into house which had formerly been con nected with the company lines. Instead of asking the company to connect him up he Is said to have made an arrange ment of his own and appropriated the current He Is said to have dismantled the coupling In the daytime so people would not- see It, and when evening come would connect up his house with the company wires. - Notice To holders of United States Treasury Certificates of Indebt. edness ef Series V. G., Dated February 27, 1919, and Matur ing July 29. 1919t All United States Treasury Certificates of indebtedness of Series V. G., dated February 27, 1919, and maturing July 29, 1919, are hereby called for Re demption on July l. 1919, at par and accrued interest pursuant to the provision for such redemp tion contained in the certificates. On July 1. 1919, interest on all Certificates of said series will cease to accrue. Holders of Cer tificates of said series shall nev ertheless have the privilege of exchanging such Certificates on or before July 1, 1919, at par with an adjustment of accrued interest, for Treasury Certificates of Indebtedness of Series T 4, dated June 3, 1919. maturing September. 15, 1919. CARTER GLASS Secretary of the Treasury ClM,ALl&C0. GoTsrmmsnt, Healelpal aae CorporaUoa Boada. Corser Flftk ant Stark Streets. LIBERTY BONDS We recommend the pur chase of Liberty Bonds and are prepared to fill orders In any amount. If you have Liberty Bonds to sell, we will buy them from you at highest prices, depend ing; on New York market quo. tatlons received by wire dally Short Term CANADIAN MUNICIPAL BONDS to yield 61 Freeman Smith Camp CO. HKAD4UARTCIW tar LIBERTY BONDS. We BUT and BELL nay -amount. Hew Terk quo tations by wire every mprnlat interest tn- duoed : - SUf M.41 1st 4s tMt - tod s M.44 1st 4V S.4t tad 4Vs S4.SS - trd 4Vs ,, 4J 4th 4,V4s ti.M : Victory 4s....... 109.41 . If necessary to sell your Bonds, bring; them to us. We - pay highest local prices. ROBERTSON & EWING 07- N. W. BANK BUILDINO IAMK ROBCRTSON N. O. KWINt) Stocks, Beads. Cettea. Grain. Etc. ' tlt-IU Beard ef Trade Ballots Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES af smhers Chicago Beard of Trade CerrsspesssBts ef Lores A Bryan - Ckkeage Kew Terk J. B. Steinbach & Co. . Stocks, Bonds, Cotton, Grain 201 -2-3 Railway Exchange Buildine; E. F. Battea Co.'s Coast-toCeast Leased Wire ; Liberty Bond Bought and Sold xeis Mala S8I-S84 turn M i .