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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Oct. 22, 1922)
THE OREGON STATESMAN, SALEM, OREGON
SUNDAY MORNING. OCTOBER 22, 1922
1 i ' .
Land Bank Institution Op
; ening up for Business in
; Willamette Valley
; Loans ranging from $5,000 to
150,000 are the particular object
or the new Portland Joint-Stock
Land -bank which is just now
opening up to dot business in the
Made to Measure
Willamette .valley . aider the pro
visions ot the federal land-bank
law. Thoce who hate been won
dering just where they could find
enough money to make an ade
quate borrow on big1 properties
will know where to apply.
The general conditions for the
operation of these banks are that
the lands are appraised by un
prejudiced federal appraisers, and
are eligible for loans up to 50 per
cent of their valuation. The fed
eral government approves the se
curities, so that the land notes
or mortganes have an unchang
ing, definite value, as stable as
the government itself.
made for 33 years on a
erly director of the federal land
bank' at Spokane; and other men
of probity and wide experience. A.
C. Bohr listed t of .Salem is to rep
resent the hank in its land lo-n?!
for the Willamette Valley, and
north of Douglas countv. The bank
will do business at once. ,
cent basis. This pars off both
interest and principal, so that the
land, is cleared of debt at the end
of the loan period.
Two forma o" land banks were
authorized by the federal act. The
other required that the borrower
be also a subscriber to the capi
tal stock of the bank unit. This
subscription was the principal
part of the working capital of the
bank. It was the intent of the law
that this should be a farmers'
bank but they have not been able
to gain control, and the principal
thing1 they have had from it Is
the--privilege of loans at good
rates." The banking branch It is
understood has actually made a
profit of from 12 to 15 per cent
on Itts capital stock, while it has
paid "a dividend of 6 per cent,
keeping the remainder for surplus.'-
As the borrower is forced
to- relinqu'sh his stock at the end
of 'his loan, period those who hold
stock without borrowing might be
heaping up a treasure to be di
vided afterHhe farmers; whose
payments aid the 'surplus.' The
Joint stock bank requires no stock
subscription from Jhe borrower;
and money can be loaned on a
rented farm, which was "hot true
of the other form of Batik. ' '
The Portland Institution carries
the names of a number of the big
gest farm and bank executives of
the northwest. One of these In
George C. Jewett, president; form-
Hi n ..i i v II o a
At a recent meeting of a group i
of Salem automobile df-alera, th j j
need of a strong automotive deal- i A class in public speaking was
prs' association wa3 discussed snl ;i ikuniZtU last uuht at the V. M.
Loans after some deliberation a com- C. A., with I'rof. V. C. Harring
7 per in it tee of five was appointed lo!tn u' Portland in command. The
ffect a dealers' association, of j Ias3 is to rim for 1C weeks, meet-
county mg every Friday nifht for a two
i l.oui session. Twenty-two' men
were ill attendance a the initial
They do not study text books
they just speak in public. Some of
l hem are grey-haired, some are
no-hulred, and Bonle are as timid
as a rabbit when It conies to
One statement was made by
Professor Harrington, that the
University ot. Cincinnati, wishing
to outline a course that would
most help its students, made au
exhaustive Inquiry among large
business hduses as to what "the
aveiage student most needed. The
answer was that they were most
deficient in the power to tell an
audience, large- or small, what
they knew and should be easily
able to tell, in convincing man
ner. Following this survey the
university Jas made public speak
ing one of jts most strenuous
courses, and insists on it above
others of less importance.
Many of the attendants Inst
night were members of the class
in salesmanship last winter, and
they are coming back for this ad
vanced work which they believe
he Polk and Marlon
At a meeting of automotive
men at the Salem Chamber o
ommerce, Tuesday, October 17.
he date for a general mass, moet-
ng was decided for Tuesday. Oc
tober 24, but owing to inability
secure the Chamber oi Com
merce auditorium the date na.
been postponed to Wednesday,
October 2 5. On that date at S
m. at the Chamber of Ct-m-erce
auditorium a meeting will
be held to discuss, matters of
common interest, and to consider
the matter of a dealers' organi
zation. All accesfcory and supply
ealers, garage and automotive
repair men, motor vehicle and
tractor dealers, tire dealers and
ulcanizers, battery men, pain.
top, and trim shop men, body,
fender, radiator, and wheel shop
men are urged to be present.
RalDh J. Stacbli. secretary of
the Portland dealers association,
Your choice of splendid
assortment j of - fine pure
. Wool Worsteds, includ
ing blue, grey and heath
er serges. ' ,
i j.. "
style you select, no extra
Why buy ready mades
when you can have your
suit tailored to. order for
They're made up in any
420 STATE ST.
All makes" second
Second Hand Type
writers for sale or rent
Rebuilt Machines ;
Sold on . Installment
plan S5 per month.
with standard key-
4 '- .
, Vit f i lilw f;
v ivlkv till r vr
Vim represents the fmest grade of
hard wheat grown in the northwest From
the time the wheat is delivered to our
warehouse bur exnert millers are select
ing 'and rejecting until the final product,
Vim Flour represents the greatest value
that can be offered to the consuming
public? - 5 .-'wasa
Rose City Milling fo.
There is a Vim dealer in your town
is a necessary finish for the earl
Professor Harrington is a grad
uate of Boston univerlt aw! al
so cf the Kmerson School of
Oratory, and has tiat a remaVic
ab!e titreer as a teacher of public
speakinjr. He'draWs a "sharp dis
tinction between "elocntion," the
trick arrangement of voice and
tiiieers and feet and personal Im
l .-dimentB. and calls" for concen
t ration on thought and audience
instead'. The eanrse is offered as
the star attraction of the Y. M. C.
A. program for adults.
The club orgihlwd with Di. II.
E. Morris as president, and T. M.
Micks. Daji Flurns and N. I). Elliott
us a committee to select the other
ill tee members, as thd class is
iimnted to 25 aaid no more can be
dnction. Shipments were 4
c-tt above new bnsine-.
jThirty-ninc per cent of all new
biisiitS5 l ilv n dtirint' th wet'tt
as for future atT . delivery.
Tais utiioutu.-.I -o 4O4.s;0
vvUs for doiiifStic
Miss Thumper That I old fen-j
tleman cried when. I played, the!
nocturne. He said It reminded!
him of his past life. Is he great
! player T
Mr. Chumper -No: he u?ed to
of wliirh l'.s.i4.274 reoiil a piano , tuner, r Clevelahd
fars:o delivery; ueaaer. !
III whm tmrmtMmmIVrTI V
na ben tat. Sate. A
f 5CLB BY DmiCISTSBm
IRE DOING- WELL
Reports Reaching Superin
tendent Show Progress
in Rural Districts
Out of the total ot about 134
school districts in Marlon county
75 reported better than 95 per
cent atendance for their first
monthly report to the county
school superintendent. There
were15 of these that had 100
per cent with every pupil at
school every day.
Some of these reports, however,
might need a bit of interpreta
tioH. District No. 18 had only
one pupil up to the time the re
port was made out,. Some of the
others started late, and they had
only a few days of school to re-
Tort up to the time the report was
District No. 82 has a two-room
school with a large attendance,
and not one missed a roll call
District No. 115 has only two
pupils, with 100 per cent District
No. 134, Buena Crest, has two
crowded rooms, one of the most
progressive rural BChools in the
county and.it, too, scored 100
A pupil in the little school is
worth a far larger percentage
than one in the big school. Where
as there could be a number of
absences in the big ' school, and
still reduce the percentage per
the single truant or stay-at-home
In the little school of one or two
or three pupils would carve the
percentage all to ribbons by a
single stay-out.' One day's ab
sence of one pupil in a three-per
son school, 4f perchance the
school --had been running only a
week, would cut the "average"
attendance by 7 per cent. That
so many were able to make 95
per cent or better, most of them
fdr two or three weeks, is quite
a remarkable showing for a busy
fall. The. attendance increases
and steadies notably, later in the
Lumber Production Now
8 Per Cent Above Normal
One hundred and thirty-nine
mills reporting "to "West Coast
Lumbermen's association for the
r-ek ending October 14, manu
factured 104.712.2S2 feet of lum
ber; sold T4.914.SGO feet; and
shipped 77.577,-02 feet.
Production for reporting mills
was S per cent above normal. New
busings, 2.N per cent below pro-
(;tOI IMAXO $X9
Only $5 down, $5 month
We are closing out our entire
present stock of Pianos. Five
pianos for almost half price
$." down buys any piano. Come
now, they are going .fast.
See ad on page 3, second section.
Geo. C. Will closing old nation
ally advertised line of phono
graphs at half price. 1 down,
$1 week; upj
See ad on page 3, second section
and 9.490.486 feet for overseas j
shipment. Now business for de- j
livfery by rail amounted to 1.T.17 j
Forty per cent of the week s
hutnbr sbipments ninvtd by wa
ter. This amounted to 31.377.-
feet of which 23.fiSO.4lN feH
moved coastwise and inter-coastal
ankj 7.C9H.7S4 feet export. Ka.l
shipments amounted to 1540
;l nfilied domestic cargo orders
total 11 s.'tv l,-'t:2 feet. Limned
export borders fe9.720.529 fee.
L'ifijled rail trade orders 7,750
In forty-one week production
has been ."..3S4.1S7.298 feet; new
business 2.264.J9 7.3L6 feet; ship
ments 3.230.56S.S37 feet.
You'll be interested 111 these new fall Skirts.
Skirts for sports wear and street wear that are notable
for quality and moderate prices.
Materials are prunellas and plaids. - j
Fashionable color combinations in blue and brown,
.tan and brown, black and white. I
You'll like the way they are made. .4 ;
.98 and $6.7S
GALE & GO.
Commercial , and Court Streets
- . .? s
Babe Ruth says he will stay at
home this winter and care for the
new baby. Bawl one!
TOO; LATE TO CLASSIFY
FOR RENT TWO-ROOM DOWN
stairs apartment, furnished for
light housekeeping. Call 344 N.-
Front. Appt. 2.
$200 DOWN BUYS 5-RpOM COT
tage. Bath, hot water, pave
ment. Becke- & Hendricks. 205
U. S. Bk. Bldg.
BUIIjD YOUR GARAGE-APT.
now and save the rent., We have
two good lots left at $300.
Terms are 115 down, then $1&
a month. Becke & Hendricks.
205 tT. S. Bk. Bldg:
ROOMING HOUSES WE HAV
two high class residence room
ing-houses for sale.; Both well
located and modern.' One of 11
roomsr and one of nine. Either
will net you good living and he
investment you'ean watch. Both
owners must sell now. Imme
diate possession and some
terms. Becke & Hendricks, 205
U. S. Bk. Bldg.
IN -rWAldX) BARK-WILJV. BE
'ten beautiful' homes and pro
tected by best. bldg.- restriction
you have seen." uSewer and ! gas
into' every lot ami pavement
paid: Two" lots left, 'one at
: $650 'and the other' I10S0. See
:them" now. Becke & Hendricks.
205 U: S. Bk. Bldg. '''"
LOAN WANTED$2000 ON 1ST
Mtge. Salem. Residence. 2 years
7 per cent. Becke St Hendricks.
' 205 J. S. Bk. Bldg. ' ! -
At prices that again reflect the
policies of this great store.
Handsomely fashioned of silk
velvet and canton crepe, richly em
bellished by rich overdrapes of fan
cy black lacet a rich effect possessed
only by dresses of recognized worth.
Whata Sensation! Yesterday morning we received by express eight
large cases of newly arid freshly designed dresses of remarkable
worth, and will be placed on sale commencing Monday.
- " J' i
It'll be more than an ordinary offering It's a sale of fashion
combining quality. (The savings are substantial enough to cause a
rejoicing of the heart of every far-sighted woman. ' '
ftWith a selection of one of the
zioveiy aresses in wis sale
9 OFFER' I
. . . ' ' : ' i : s .
in fitting accompaniment
A Sale of
that individual touch so much de
sired by women willr4)e quickly re
cognized in this wonderful assort
ment that includes.
Values to $10.50
$22.50 to $27.50
Ladies' Silk Taffeta, Canton
and Poiret Twill i
Are a consideration , worth
while. Given in all departments
with a purchase 6 50c or more.
A chance to save by saving.
'? ... ' t; ....
SALEM'S GREATEST DEPARTMENT STORE
Visit the Ladies
It is for your convenience
Make the store your meeting