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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 27, 1922)
FRIDAY.' JANUARY 27. 1822. THE : OREGON DAILY JOURNAL, PORTLAND. OREGON. 13 FARMERS CREDIT EXTEHSION SYSTEM URGED FOR BANKS . : (..- ; Waehlniton, Jan. 27. (WASHING TON BUREAU OF THE JOCTlNAL farm credits department In each fed eral land tank for I He extension of c red- It ranging from alz month te three ytara, la the recommendation of tha Joint congressional commission of arricul oral Inquiry of which Repreeentiv Aa draon of Minnesota la chairman and JUnator McNary a a member. Thle recommendation atanda out la part two of, tha commisaton'a report, which la almost ready for presentation ta ronareas and which deals with the operation of tha federal reaerve system especially with relation to the problem of crop financing-. Tha plan favored la thus outlined In the report : SOLl'TtO In PBF.SESTKD Tin aommtaaion believes that tha credit problem of the farmer can beat be mat by , adapting: existing banking agenrlea to hia credit requirements. In meeting these requirements there Is no reason why. Without destroying their utility for purposo for which they were originally created, all of tha banking egettctea of the country cannot be used ry adapting them to tha farmer's re lulrements. These requirement are for credit of sufficient maturity to make possible pay ment out of the proceeds of the farm. This means a credit running from ai mnnina to tnree years, depending upon the rharaoier of tha commodities to be produced and market rd. In the caae of crops, alz months may b In soma In- j eta area sufficient, but In the caae of livestock three years may be required. iKXTEJSIOS ST8TEM The Commission propoaea to meet these requirements by authorizing any federal land bank through a separate de partment created In It under restrictions, limitations, conditions and regulations adopted by. the farm loan board to re discount paper on ' which money baa been advanced to or used by the farmer for agricultural purpoaee having a ma turity of not less than six montha or mora than three years at rates of dis count to be fixed by the farm loan board for any national bank, state bank, trust company, savings Institution or live stock company. "In addition the commission deems tt ; rieeirable to permit the federal land banks to make loans direct to' cooperative . associations of farmers organised under state laws for the purpose of marketing Staple agricultural products when such loana are secured by warehouse receipts upon such products. SHORT TIME DEBENTURES "Tha notea or obligations representing loans or discounts by the federal land banks ar to be converted Into short time' dehanturee and sold to the public In the same way as farm loan bonds are now old." The report reviews the period of de nation at considerable length and criti cises the federal reaerve board and re serve banks for failure to advance dis count ratea In the early part of 1919 and to act to restrict the expansion and spec ulation of that period. Admitting that there are things to be said In favor of tha policy that was pursued, the commis sion -rind. UuU the result" la sural - dtai Uicta was In great hardship and dis tress "and mntrlhuttrf tn anm .- )t economically undesirable." All Charge Purchases Made Tomorrow and Remainder of Month Go On February Accounts Payable March 1 EVERY ARTICLE REDUCED Except Groceries and a Vary Few Restricted lines Aiiiia C EVERY ARTICLE V REDUCED Excapt CrocerWe sad Very Few Ree trie tad Una . AND S. & H. GREEN TRADING STAMPS ON PURCHASES AMOUNTING TO.lOc OR MORE AN ADDITIONAL CASH SAVING ALWAYS ASK FOR THEM! $135 Stationery 98c Box Main Floor Whiting's Moorish Linen, put up one quire in fancy boxes. Regular Ji.35 QQ value. Clearance Sale, box aOL Candy Specials Peanut Brittle made with best grade peanuts. On sale OP Saturday, special, pound AOx Chocolates, special, pound 25c Salted Peanats, special, lb..l2c mm RELIABLE MERCHANDISE RELIABLE METHODS. t Shoe Shining ' Parlors in the Basement, near Alder ' St Entrance. Expert work, prompt service. Shoes djed and cleaned. For the Best Lunch in Portland come to our Tea Room on Fourth Floor. Service from it JO a. m. to 2:30 p. m. Advance Showing of Spring Coats, Suits and Dresses 2nd Floor Eeforestation Not Lumberman's Duty, States Geo. Long Washington. Jan. J7. (WASHING TON BLRKAU Or THE JOURNAL) George 8. Long, Tacoma lumberman. chairman of the forestry committee of the National Lumber Manufacturers' association, was one of the first wit ness beard at the opening of hear laca by tha hnuae committee on agri culture on the Snell bllL Tha Snell bill, which seeks to outline a forestry policy for the country, re ceived a start in the last congress, but did not pass beyond the committee stage. It proposes to make a forest survey of countrywide extent, to make co-operative investigations with the states, and to conduct experiments In reforestation. Mr. Long said all 12 of the lumber regional associations are for the Snell bill, although some Individual lumber men are against It. Reforestation Is not a Job for tha lumbermen, he said, any mors than' the flour miller is expected ta keep up the wheat acreage. With the national policy on a fair basis and the co-operation of all secured, the lumber men will back up tha program with their doll are. Colonel Greeley, chief forester, esti mated that with adequate protection from fire, 7S per cent of the forest area will redeem Itself within IS years, but at the present rate of fire loss and con sumption af timber the forest reaoarcea will be ma In about SO yeara To fur nish proper . protection for all lands out side the national forests the annual coat would be SS.000.0O0. m V. - sbbs eft S ' V 'at A , v r Clearance of Men's Clothing Every Garment Reduced for Quick Disposal To the hundreds of men who are about to invest in new clothes this Sale presents a wonderful opportunity to choose from high-class Suits, Overcoats and Rain Coats at worth-while savings. "L" Svstem and other depend able makes. Correct styles and the. very best fabrics. $30Overcoats$21.85 $60 Grades $39.85 Man's $35.00 Overcoats Clearance Sale- at $23.85 Men's $40.00 Overcoats Clearance Sale at $27.85 Men's $50.00 Overcoats Clearance Sale at $31.85 Men's $57.50 Overcoats Clearance Sale a $37.85 Men's $60.00 Overcoats Clearance Sale at $39.85 Every Man's Suit Reduced All Men's $32.50 Suits Clearance Sale price $24.37 All Men's $35.00 Suits Clearance Sale price $26.25 All Men's $37.50 Suits Clearance Sale price $28.12 All Men's $40.00 Suits Clearance Sale price $30.00 All Men's $50.00 Suits Clearance Sale price $37.50 All Men's $55.00 Suits Clearance Sale price $41.25 All Men's $60.00 Suits Clearance Sale price $45.00 All Men's $65.00 Suits Clearance Sale price $48.75 All Men's $70.00 Suits Clearance Sale price $52.50 All Men's $75.00 Suits Clearance Sale price $56.25 Mackinaws Reduced All Men's $12.50 Mackinaws now reduced to $ 8.45 AH Men's $15.00 Mackinaws now reduced to $ 9.45 All Men's $16.50 Mackinaws now reduced to $10.45 All Men's $18.50 Mackinaws now reduced to $12.45 AH Men's $20.00 Mackinaws now reduced to $14.45 All Boys' Mackinaws Clearance Sale price M OFF - Children's Roll Top Sox 49 c Center Circle, First Floor Boys' n4 virlc X. onJ full l.nrh ? Ml atslJ 74 uu mil tila OVA with plain- or fancy colored tops. Mercerized and cashmere. Also some in heavy ribbed and drop stitch effects. Irrefulars of 75c and t.00 grades. Sat- AQn urday priced special, pair Iral SUk Sox 79c Center Circle, First Floor Chil dren's Ya length Silk Sox with liberal 2-inch roll top. Black-and-white effects. Irrefulars of a popular make. Clear- r7Qi ance Sale special, a pair I 57 C 400 Pairs of Men's Shoes and Oxfords In a Sensational Clearance A SHOE SALE of treat importance to eyery man who needs new footwear, for it offers values such as have not been seen in Portland for many a day. And not only from a price standpoint, but also in the variety of styles shown does this sale stand out pre eminently as the bargain event of the season. Black, tan, brown, cordovan, calf and kid leathers. Dress Shoes in many smart lasts. Oxfords in the newest pat terns. Sizes Sy3 to 12. widths A A to EEE. Values up to 13.50. Clearance Sale priced at $5 rair. Sale of Buster Brown Shoes 5 Buster Brown Shoes for flrls. Black calf, patent and kid leathers. Buttoned and laced styles. Reg ular 6.oo and. 16.50 . tTdes Sizes lli to 2. In Qr the Clearance Sale, pair tlrlwt) R u c t . ttvatwrn CKxjs tfs Kav w waw s wi v ss vw a ws i-vj . aw ' - a a. M a ' tngirsn ixst, sizes irom l io o. Black, wax calf, shoes with heavy service soles. Also brown calf Shoes, lines from our Q4 QfT regular stock. Special Orxeatl All Men's Hats Reduced Main Floor Choose any man's Hat in our entire stock and de duct V from regular price. Felts, fur felts, velours, etc. Soft and stiff styles. Regular 3.50 to 11 Hats at $2.35 to $7.35 Men's 50c Hose 3 Pairs $1 Main Floor Famous Interwoven make. Discontinued number. Heavy quality soft lisle. Black, tan, green and cordovan. Good range of wanted sizes. Reg ular 50c Hose 35c 3 pairs DX Men's $150 Shirts At 95c Main Floor Practically all sizes in this lot. Made up in excellent quality percale in assorted striped patterns. Soft cuff style. Shirts selling in the regular way QK0 at Sl.50. Clearance Sale Toilet Needs and Drugs Items listed below will be on sale for one day only. We re serve the right to limit quantity to a customer. Supply needsl Purola Shaving Cream At 19c Ready for instant use no mug required. Lathers quickly and profusely. Guaranteed to give t h o r ough satisfaction. 1A. Saturday special, a tube lv Fas . O - San , Sanitary QQ Napkins, 50c size. Special OaC Mechanics' Hand Soap, " Cn S. & H, make. Special at -LUC Lister's Towels, medium and large sizes. Clearance fT Sale special at 55c and Dt)L Squibb's Olive Oil, guar anteed; pints $1.50; V2 pts. D Lux Soap Flakes, 2 for 25c Drug Department, Main Floor Junior Shop Clearance Second Floor Every Winter in this notable clearaway. Girls Winter Coats At $15 Girls' md 'Misses' Coats of Ve- lour, Furette, Bolivia, Cheviot and Tweed materials. 39 Coats in this lot. 2 size 6 6 size 8 7 size size 12 9 size U 7 size 16 1 size 17 2 size 18 ?" C size 19. For Clearance at i?XJ 3 Dress Specials LOT 1 Girls' Dresses in many beautiful styles. Tricotine, Poiret Twill, Jersey, etc. 3 Dresses size 10 3 size 12 6 size 14 S size -16 4 size 18. Priced J- n A r in the Clearance Sale at Di-1 et LOT 2 Lovely frocks developed in Velour, Poiret Twill and Crepe de Chine, l size 12 2 size 14 3 size 16 3 size 18. In CQQ QQ the Clearance Sale at OtOeaO LOT 3 Middy Dresses of navy blue Serge. Some with full plaited skirts. Sizes 6 to 16. Priced spe cial Saturday at $5.36 to $16.65 garment in our stock Included High-class wearables only. Girls' Rain Capes Made of rubberized material Jt the thing for schooL Made with plaid lined hood. Sizes 6 ?1 QQ to 10 years. Special at Ol70 Middy Bloes of excellent qual ify galatea. Several attractive styles. Sizes 10 to 4 6. Special at $1.49 New Spring Coats Advance styles now on display. Many charming models for girls 6 to 19 years. Loose and belted ef fects, priced $13.50 to $37.50 Women's Blouses At S6.98 Georgette Crepe and Crepe de Chine Blouses and fancy Tunics. Lines selected from our regular stock. Long ana short QQ sleeves. Clearance Sale OUeaO Big Savings On Boy s' Wearables Dept. Main Floor With special Clearance prices on every article in the Boys' Store parents will find this a good time to supply children's needs. 2-Pant Suits $6.95 Main Floor Sturdy, serviceable Suits, built to withstand hard usage. Smart models with loose all around belts. Mostly In brown mixtures. 2 pairs pants with Qf A(f each suit. Special Clearance price OOeaQ CORDUROY SUITS In dark brown color. Loose belt style. Knickers full cut df Qf? and full lined. Clearance Sale at tBOeaO JUNIOR SUITS of velvet, serge and tweed materials. Odd lines, sizes 2 to Q QfT 6. Values to 12.50. Special at t&OeaO Boys' Overcoats $9.45 TVnlv 9 limiiesl nnmttfr if Iim. cn1ntirf Overcoats left, so don't delay choosing. Heavy winter weight materials in browns, grays and greens. Broken sizes. Regular flQ A K values to 25.00. : Clearance at Daer9 All Raw.' C,aar. fl.-. ...... P4. All Boys' Knit Underaw now Reduced All Boys' Bloases and Skirts "Reduced. All Boys' Hats andeCapee Reduced Prices. Main Floor 1 Special Offering in NemoReJducing Corsets For Stout Women The woman of large propor tions will welcome this opportun ity to buy Nemo Corsets at a new low price. Model 444 as sketched. Low bust and medium skirt. Made up in white and flesh cou- tiL An ideal corset for stout women. Broken range of sizes , up to 32. Don't fail to see this! new Self -Reducing model at $4 $4 444 We Chre S. dc H. Stamps Corset Salon, Second Floor New Spring Hats $7.50 Millinery Salons, 2d Floor .Featuring a special showing and Sale of smart Hats for early Spring wear at a price within the reach of every woman. Made up in Taffeta, Bagatelle Satin, Faille and combina tions of Silks, Satins and straw braids. Fashion's newest shapes, Including sailors, upturned " brims and flare effects. Black, shades of blue, tan and brown. OH TA Saturday Clearance price OieDU Model Hats $10 to $12 Groceries 4th Floor Featuring money-saving oppor tunities to buy Oregon products. Telephone us your orders. Saturday Specials Wkeet or Oat Flakes. Rerular 40e size Snecial 32. Aluminum article in each pkg. Orefon Walnuts, 3 lbs. for $1 Wait Wonder Soap priced in the Clearance, 6 bars for 25c RofM River Catsup the reg ular 35c size. Special only 29c Loganberry Juice, regular 35c size. Priced ia Clearance at 29. We Give S. & H. Green Trading Stamps! BASEMENT UNDERPRICE STORE h Any Winter Hat Values to $6 Basement Many women will welcome this chance to secure a smart Hat to fin ish out the season at small expenditure. Small and medium shapes, some in tailored effects, others at tractively trimmed with flowers, ribbons, o r n a ments, etc. Hats selling earlier in the season up to 16 and more. In the Base ment Clearance &Q A Q Sale priced only JWe'0 CHILDREN'S HATS of velvet and corduroy. thing for sport and school wear. Clearance Sale $2.48 Just the OK priced at tO $5.95 Wool Scarfs $3.95 Saturday Special Main Floor Shop early and secure one of these splendid Scarfs) 72 inches long and 18 tncnes wide. Navy, red, black and medium blue. Fin ished with heavy fringe at ends. Regu- PQ QK lar 5.95 Scarfs. Priced very special at aweav Sale of Bandings and Fancy Vestings Crepe Bandings in 2 and 4 inch widths. Shown in a full assortment of the leading shades. Also white with black or red edging. Very popular for neckwear. Priced special at 90c to $1.22 yard White Organdie Banding- with polka dots In black, red and blue. Clearance Sale price 90c yard Fancy Vestings in many different patterns and qualities. Much in vogue for making of Spring neckwear. Prices range from 90c to $3.60 vest AH Neckwear at Special Clearance Sale Prices. Veils and Veilings at Half Price Special Clearance Offering Women's Drape Veils In square, half square and novelty effects. Plain and fancy meshes with scroll and chenille dot borders. Veils selling at II.7S up to 7.5o at 88c to $3.25 Veilings by the yard in a large selection of plain and fancy meshes. French dot and com plexion effects, solid colors and various combinations. 65c to 1.50 Veilings at 33c to 75c Ribbon Remnants at Half Price Main Floor Perhaps Just the piece and color you are looking for Is in this assortment Quality Ribbons from our own regular tines. Good useful lengths suitable for fancy work, bags, bows, etc Great variety of colors and patterns. Tomorrow "at HALF PRICE. THE TlUldned STOUT, MUSLIN UNDERGARMENTS At Clearance Prices Stout women may now buy Underwear that will fit properly. "Aiuarea' torments are specially designed lor fun lira res. Special Clearance Sale prices now in effect Department, 2d Floor. Combinations Qearance of Curtains Regular Values Up to $950 Odd tines high-grade Curtains In 1 and 3 pair gj A' gm tots priced for immediate disposal at about half I Xl price. Fancy nets, Irish Points, Swiss Points, f NaV- SJ Filets, etc. v Many beautiful patterns to select j . Pair from. Ivory, white and ecru. Values to 9.50. Corset Cover and closed drawer Combinations, sizes 46 to 54. Sale $1.35 P Open drawer Combina tions In plain and fancy styles $1.35. $2-03 P. . Chemise Mildred Stout Envelope Chemise in many attrac tive styles. Sues 46 to 54. Priced $1.35. $2.03 P- - Gowns Night Gowns la batiste, crepe and muslin materials Several styles at $1.53 up. High neck, long sleeve Night Gowns $2.03 P Mildred Stout Drawers ia neat " styles 90c "P