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About The Eugene guard. (Eugene, Or.) 1924-1930 | View Entire Issue (April 7, 1925)
Page Six HE EUGENE GUABD Tuesday Evening, April 7, E ART FLOURISHES, SAYS MR. TAFT Mechanical Aqo Has Not Doomed America to State of Stupidity, Insists Noted Sculptor In Interview By AVIIXIAM K KNOX President American Hankem' Asso ciation NEW YOHK The question, "What arc the Nation's banking housi'M do ing to finance home building?" may he broadly answered, much or litlle, depending on borrowing conditions in different localities. In Ohio, for In stance, thev are only three mutual savings banks like ours and the many building and loan nnfioeiations o much of the financing. Here in New York the savinn' banks and life inftirance companies are continually lending to home build ers. At n meeting of the executive committee of the Bowery Havings hank recently 40 small loans of from IO00 to $18,000 for one, two and three-family houses were approved. Each of these houses will ultimately belong to some individual home own er, whether built by a contractor or by the owner from his own plans. All the other banks are doing the .same thing. Small Loans Favored Personally, I favor the small house loan of rather than the $500,000 apartment building loan; it Is more wholesome and helps to create good citizenship. Just as soon as n man has a home of his own he becomes a better American; a regard for the welfare of his neighbors is cultivated; he reflects more of community spirit, which expands Into love of country and its Intsltutions. Can anyone obtain a building loan from a savings bank, and what does he have to do to get it? Yes, any body can obtain such a loon and all he has to do is to show he has suf ficient canity in the property. Percentage of Loans .f . "We nre limited by the banking law of the State of New York to lendir.R ' not morn than 00 per cent of thrf value of the property; the owner must have the other 40 per cent. The trouble is that many people do no have enough ynoney when they start; some cannot overcome the handicap and foreclosure is inevitable. Such Instances, however, are rare, wheu the borrower exercises ordinary fore sight find prudence. Bank mortgage loans usually run from three to five years and are seldom called. Any man with $.1000 or $1000 cash who plans the erection of an $ROO0 or $0000 house and wants the balance needed to complete the project, can , obtain it of a New York savings . bank at a fair interest rate, fi1Xi or 0 " per cent a year. $00,000,000 In Mortoagoa At present the Boworv Savings bank alone has more than $00,000,000 out In first mortgages on h mints, ' apartments and business buildings. As to terms of payment for build ing loans made by savings banks, most banks employ the amortizing method. If a man borrows $f000 on n house worth $0000 4ho pays off 1 per cent of the principal every six months. Thus in addition to the fn- t terest. the borrower would pay nt tlif. end of each six months 1 per rent of fc.TOOO or $.0, reducing his losn to $-mfl0; the next six months to $4000, and so on. A bnnk will however, ac cept more than 1 per cent of the prlnclpnl on any Interest date. The building and loan asmc!ntlon (s less j restricted by law than the snvlngs bank. It will lend up to $7000 or l" $8000 or moro on a $9000 or $10, 000 house. AIRPLANE CARRIER LALir;CHED fPJ RIVER (Continued frum page one) IM.000 horsepower, greater than the combined rated output of six electric driven capital ships now In commis sion, the New Mexico, Calif ronia, Tennessee, Maryland, Colorado and West Virginia. She will have a speed of 33 knots an hour and a flying deck reaching from stem to stern. Chief Justice McBride, denied a mo tion for dismissal of appeal and af firmation of judgment In the caie of Ox man and Harrington, contractors, againtit Baker county, appellant. This was a case in which the plaintiffs sued the county for about $37,000, declaring that contrary to contract the county had required them to widen and change the line of a portion of Cornucopia highway. The court al lowed them $'t!.000 and the county appealed. The motion for dismissal it said to be batted mainly on technicalities. - Station WHO Plans Birthday Program (Ry NEA Service) . CHICAGO, April 7. The gre:tt inechanlcul age never will make of America iiud its American) a race of soulless ones robots, babbitts, lost to appreciation of art and the finer tilings of life. IriHtcad, this land, birthplace of a multitude of servants which perform silently their labors at the push of an electric button and tend to hurry modern existence along nt a jazz-like pace, are doing their bit toward mak ing all of us "aesthetically keener." Comes this thought from the great Lornuo Tuft, internationally famous sculptor, called the "Michael Augelo of America.' A silent, delicate, remarkable man is Taft, who has etched In the solid rock, granite and marble some of the best contemporary works of art, critics say. Taft Optimistic Speaking of America's bouI, as ho intends to mean it in vegartl to our future ability and capacity for enjoy ment of things aesthetic, Taft Is opti mistic. Modern mechanical contrivances, In steod of hurrying us along to a state of Btupidity ere, lu Teallty, stimulating our artistic natures, he believes. "We are far from the downward, brute path, despite the 'Jnzr.mnniii' signs of the times, the frivolity and apparent heedless runh to nowhero of the masses," he snys. Statements Disputed, Ho takes sharp exception to the statements of F. C. S. Schiller, the great KnglUh pragumtlst, who in bis Lorado Taft 'Tantalus" A unique radio stunt is being staged by station WHO of Des Moines, In., tomorrow night, according to informa tion reaching the Western Union and other sources in Kugeue. The cele bration of WHO's first anniversary will be staged, and 735 radio artists will take part. Every Eugene fan who listens in tomorrow night on WHO and mails the station a card or letter the fol lowing dny, miming one of tho arthti and the mimic rendered, will receive a souvenir. These favors are donatrd by friends of WHO and run all 4hc way from chewing gum to silk stock ings and receiving sets. It is expected that more than AO.OOO of these souve nirs will be distributed. There will bo no blanks, WHO will Isions we are doomed to see "the arts and sciences tdowly fossilize, or peter out, in an over whelming flood of fecble-mindedoesK." "It is not so," siiyn Taft. "Art is flourishing and was never in a better state than now. "If grand opera companies Iosp money and cheaper forms of amuse ment become proiperous. it Is no re flection, on the artistry of the people. We are coming out of a reaction brought on by the great war. "The greatest proof that art lives and that the mechanical age Is not tnking its place is to be seen on a trip by auto through the country. Great Development. 'Development is going on every where. What used to be dirty, un- nifihtly towns, with muddy, almost Im passable streets, are now clean, thriv ing places with well-pared streets, and connected, hard-surfaced road. "Old, cheap, neglected buildings hnve disappeared, and have been re placed by suSstnntial, architecturally beautiful structure. Librarians and museums are springing up. Art is ftnurlKhing. "Outwardly, all these signs may seem to some people to be only the rexult of prosperity and tho desire of one community to outdo its neigh bor, i "Hut, the change Is not only on the surface. It Is underlying and has far deeper" significance. Human be ings arc learning to appreciate tli beauty as well as the utility of things. Our aesthetic senses nre becoming keener." MR. WILBUR SPEAKS CAMDEN, N. J., Apr. 7. Speak ing at the launching of the aircraft carrier Saratoga here today. Set-retry Wilbur declared that the ship "is not only concrete evidence of the fact of the agreement It in ting naval arma ment but also evidence of the fact that at the Washington conference the queHtinn of aircraft was under consideration and that one of the methods for limiting the effect of air craft was by limiting the size and number of aircraft carriers.' "The Saratoga," he added, "in s'g nificant also because of its scientific equipment." , - "The inotral mind," he declared, "has conceived and put into execution nothing which embodies more of the accumulation of humsn knowledge than the vesttel being launched today," Speaking of the historical signifi cance of the event and mentioning the four ships of that name which have preceded her in the American navy., the secretary mentioned particularly the Saratoga which participated in the iwnr of 1HVJ, "which was to detet mine whether or" not there should be free itren nnd free ships upon the in ternational highways," and added: "Incidentally, it may be noted,' that our participation in the World war also was the result of a fjrm convic tion on our part, that this nation hid a right to the fre nnd unrestricted use of the high Bess for transporta tion of commerce, except as that right was limited by international law." 18 Permits Granted For new Residences Eighteen new residence permits in Eugene were grunted this month in the f.ve days the city building inspect ions office has been open, announced H. Alexander, hu hling inspector, today. .( Today's permits were for four new dwellings, and were given to the fol lowing: J. Callahan, f'ldOO lesidence, ' 1485 Emerald. W. K. Ilarger. $.'1000 res'dence, 2VM Alder street. Irn. A. E. McDowell, $1000 bunga I w. 442 Adam street. E. J. Knplin. ? lot io bungalow, 350 Third avenue west. I STATISTICS BORN B!SHOl At the home. 24."". Monroe street. Sunday, April 5, 1025. to Mr. and Mrs. I. I). Bishop, a son. Testimony Differs When Sisters Take Stand at Portland - POUT LAND, Ore., April 7. Two sisters gave conflicting testimony to day in federal court in the suit of Frank M. Arnold for several hundred dollars war risk insurance.- Sirs. Ar nold .(Jail, Martdifield. testified her father always displayed an uncontrol lable temper, even before the war. and once he struck her over the head with a rifle, knocking her uncon scious. Mrs. Esther Arnold Kinkje testi fied that while her father was nerv ous he had not been brutal and wax kind at heart. The government is resisting Arnold's .claim, contending he is Buffering from nervousnem from which he can be cured, and therefore is not entitled to be rated in the veterans' bureau as perman ently disabled. Receivership for Klan Unit Sought I.OUISVII.r.K. Ky.. April 7. A pe tition a&k-Dg receivership for the local unit of the Knights of the Ku Klui Klan, alleging that funds had been "misappropriated, dissipated and squandered.' was filed In circuit court here today by lr. W. !. Morgan and A. J. Owens, insurance ccntly suspended by the itale jl ance commissioner. Hf Not less than $10,000 hn k Iected by A. 1). George, Kli, T by W. I). Holman, secretary nild , " tirer. the rjetitinn nll.c,.i U(' -n Hi Keep Traet Vioorou, Borers prefer weakened fruj. shade trees. To prevent injur,1? this class of insects, keep the , strong and vigorous. Dead and trees should be cut down and "DIAMOND DYES" COLOR THINGS NEW JOHNSON At Mercy hospital. Mon day. April (t, 11 125, to Mr. and Mrs, H. A. .Irtbtison of Springfield, a .daughter. McKIWEY At Mercy hospital Sun day. April o. UKirt. to Mr. and Mr. .1. H. McKinney, of Wendling, a S"ii. Beautiful home dyeing and tinting is guaranteed with Diamond Dyes. Just dip in cold water to tint soft, delicate shades, or boil to dye per manent colors. Each 15-cent pack age contains direc tions so simple any woman can dye or tint lingerie, silks, ribbons, skirts, waists, dresses, coats, stock ings, sweaters, draperies, coverings, hangings, everything new. Buy "Diamond Dye" no other kind and tell your druggist whether the material you wish to color is wool or silk, or whether it is linen, cotton, or mixed goods. NEW and Conservative Styles for SPRING Just a touch cf Easter Spirit will help yea to de 'cide on that new 1 , $25 SUIT THE 646 Willamette HUB .f' v - ? i Tailored to order at other prices Appeal Dismissal Denied by Court in Suit Against Baker SAI.IWf, Ore.. April 7. The fti preme court today, in nn op'nion by go on the nir nt 0:15 p. ra. centra! time. Special prbeca nre being often d to listeners who respond hy toleitrnph. with capital priics for tho first two telegrami received from each slntc. This Btatiou operntea on a 5-0 meter length with 600 watts. Malinger Me Kcvitt slates tlutt the telegrams may bo telephoned to hla office' and charged to the telephone Strawberry Time Rtrawberricft ahould be grown on rnthor fertjlo Roll, preferably ao(!l that ban been manured during the winter before. The beat time to plant tho Stnndnrd variety la hi early aprlng, nit hough Into fall planting is no Icrb Bucccfinful. If Costs Too Little To Hesitate No ono rilioukl liosi tnto to providu perfect protection from fire nnd theft for his valu able jmpers when its cont is oven less tluin n cent n day. That is tho small amount it will cost yon to keep your valuables in ii Safety Deposit. Box here nt the First National. FIRST NATIONAL BANK Eugene, Oregon Your Spring Suit Is Here Distinctive Styles Beautiful Patterns Fabrics that wear and keep their shape because they are made of virgin wool. and up. quality and pay less by buy ing direct. Brownsville Woolen Mills Store MILL TO MAX CL0T1UKKS 702 Willamette St. EASTER IL If Prices in every instance stand for good values with many opportunities for economies. We want to ap pear our best, for Easter marks the definite arrival of balmy colorful days. Prepare for Easter nnd Springtime. Announcing More Lovely Dresses, Suits, Coats for Spring DRESSES Stylish models in now printed silks, flat crepes, satin cantons, georgettes and novelty silks. Sizes 14 to 46 . Trices', $12.50, $16.75 and up. COATS Matchless Btyles and values. Coats for sports,- dress or gen eral wear. Among tho most attractive are those of char meen, silk bengallnes and pol ret sheen. The new Prince of Wales tailored models are very popular. Coats priced from $0.75 to $79.50 Things Decidedly New! Vanities Were Never So Pretty New composition vanities In dainty shades, with silken handles and tas sels. Ihesn have com partments fitted with powder, rouge and lip stick, nnd are fitted with mirrors. Triced at $2.00 and $3.50 Scarfs Will Float Gayly on the spring breeie, says Kashlon. Printed silks, hnnd blocked crepes and the popular knitted silk scarfs. Priced at $1.48 and up. New Gardenias 50c To $1.50 Beautiful now gardenias and corsages, in rose, violet and orange. Seo them '. New Ensemble Furs A fur neck piece with beautiful silken scarf drawn through. Priced at $9.50 and $12.50. The Choker Necklace Colored pearls In beau tiful shades, $1.93 and $3.50. Other pearl necklaces priced nt 98c and $1.50. kSSI Let your Easter Greeting cany Jp ' with it Phoenix Hosiery. 1 Jt' I Km Fownes Gloves for Easter Gloves of kid, chanioisette or silk with French cuffs, to complete your Easter outfit. PRE-EASTER SPECIALS! Specials In Lovoly Silk Underthlngs Silk Envelope Chemise $3.98 Made of good quality silk crepe do chine, lace trimmed. Colors, pink, jieneh or orchid. Carter's Silk Vests $1.00 A combination of pure silk and Rayon Silk make these beautiful vests with the Carter's label of satisfaction. Special, $1.00. Carter's Silk Bloomers to match above $1.98 Colore are poach, pink nnd maize Windsor Crepe 24c Yard The durable and popular cropo for gowns, bloomers, rte. Colors of maize, poach, orchid, pink, blue nnd white. Very special at 24o yard. Irish Dress Linen 88c Pre-shrunk, fast-colored dross linen, tho most popular spring dress fabric. English Prints 49c Yard Xent prints in colors of green, rose, tan, and honoydew. Fast colors ami regularly priced at much more. iff Milady's Easter 'Kerchief Of dainty sheer voilt or linen with edce and in the num erous novelty prints all are hero In derful selection. All prices reductd Reg. 5!lc values 49e Reg. 08c values 89c New Fancy Garters per pair BLOOMERS 98c Ijidlea' and Mlsces' bloomers In large range of materials In popular materials. Including cotton charmcuse and lingerie materials. 9Sc pair. BEARD'S
