V olume 8,
N umuer 45
HANDLING FARM LOANS
Estacada Bankers
Active in Movement
While the public is working:
for enactment of rural credit
legislation, the country bankers
o f Oregon have organized to
meet the immediate needs of the
Oregon farmer, for small long
term loans.
A number of the leading cour-
ty bankers, men of experience
and closely allied to the needs of
the farmers, sometime ago or­
ganized the Bankers Mortgage
Corporation, with offices in Port­
land.
The officers of this organization
are men recognized throughout
the state as conservative, enter­
prising bankers, with A. C.
Shute of Hillsboro, president; S.
F. Wilson of the Umatilla County
Bank, vice-president; LeRoy D.
Walker, president of the Estaca­
da and Canby banks, secretary;
Will T. Wright, former superin­
tendent Oregon State Banks,
treasurer. The governing board
is composed of equally as well
known conservative financial
men, and tbe list of bankers hold­
ing stock in the corporation reads
like a bankers directory of Ore­
gon, among them being Thos.
Yocum of Estacada.
This company has loaned over
$150,000.00, mostly in small a-
mounts on first mortgages, on
property that has been carefully
appraised by local appraisers.
These loans have been made only
on from 40 to 45 per cent of the
conservative appraised value.
T1 e loans to farmers draw
from 7 to 8% interest and when
the present money stringency
ends, this company will be able
to make the loans at a smaller
rate, if anyone can.
This movement is similar to
the Oregon bankers in connection
with loaning to stockmen, to tide
over the season’s expenses.
The Bankers Mortgage Corpor­
ation, while a strictly business
corporation, earning for them­
selves from 1 to 2 % in the han­
dling of the loans, is a big asset
to the farmers and the develop­
ment of the state’s agricultural
resources.
Auto Party Arrives Safety
The auto party, composed of
A. E. Sparks, J. F. Lovelace and
C. W. Devore, arrived safely in
San Jose, Calif., having suffered
nothing more than quite a tired
feeling after riding so far.
E stacada , O regon ,
Communitv Sunday
There will be no preaching
services in any of the Methodist
Churches on Sunday Aug. 1st.
Instead of regular services there
will be held in the grove by Mt
Zion M. E. Church, an all day
meeting. A full program has
been arranged. Dr. H. J. Talbott,
President of Kimball Col’ege of
Theokgy, Salem, Ore. will deliv­
er the main address of the day.
Program commences promptly at
10:15 A. M.
Mr. Rhodes, State Secretary of
the Y. M. C. A. will present two
subjects: “ Analysis of the Field
of the Rural Church, ’ ’ and ‘ ‘What
Shall We do with Our Boys and
Girls? ’
Rev. C. F. Aue, Pastor of
the Springwater Presbyterian
Church, will discuss the subject:
“ Organizing For Service.”
There will be group meetings,
among which will be a meeting
for boys, led by Rev. C. F. Aue;
a meeting for girls led by Mrs.
W. Givens; and a story hour for
the children in charge of Miss.
Roberta Reid.
Music will be furnished by the
Garfield Band, the Garfield Quar­
tet and the Choral Society of
the Springwater Presbyterian
Church.
Everyone bring dinners.
C. B. Rees.
Haying Accident
While putting up his hay, Sun­
day afternoon, Ed Saling suffer­
ed quite a painful accident, hav­
ing run a long splinter in his
abdomen, between the skin and
muscle, which necessitated the
services of the physicians to ex­
tract.
• \yhile this will lay Ed up for a
while, volunteers headed by C.
R. Lovell and J. A. Kitching,
put up his hay for him.
Teacher»’ Training School
The third annual Teachers’
Training School or institute will
be held at the Barclay grammar
school building in Gladstone,
beginning August 9th.
Superintendent Calavan has
tried to make this the most
profitable training school yet
held. Text books will he used
in connection with the work.
All teachers who expect to
teach i n Clackamas county
this year and have not had 27
months teaching experience, 8
months of which are in this state,
or have hot attended the sum­
mer school at one of the state
institutions this year, are re­
quired by law to attend. All
teachers are welcome and the
only fee being >1 at registration.
T hursday ,
J uly 29, 1915
PETERSON-NELSON WEDDING
Popular Couple Married
The country home of Mr. and
Mrs. J. M. Hayden, of Spring-
water, was the scene Saturday
evening of a beautiful wedding
ceremony at which Minnie Eliza­
beth Nelson became the bride of
John Calvin Peterson, Rev. \ue
officiating.
The novel idea of an out-of-
doors wedding was carried out
under a veritable bower of roses
and ferns, which had been ar­
ranged for this occasion, Japan­
ese lanterns, and the moon and
stars furnishing the illumina­
tions. Mrs. Aue, violinist, and
Miss Mary Folsom, pianist, play­
ed the Mendelssohn wedding
march. The bride and groom
were attended by Everett Shib-
ley and Pearl Dahlquist. The
bride was beautifully gowned in
a dress of white satin and rare
lace. Bride roses and maiden
hair fern were mingled in the
bride’s bouquet.
A bounteous wedding supper
was served on a long table, which
was set out in the orchard.
Mr. Peterson is well and fav­
orably known in this section,
having lived in Springwater for
a number of years. The bride is
the youngest daughter o f Mr.
and Mrs. James Hayden and is a
very popular young lady.
Congratulations ana well wish­
es were extended by all, about
75 being present.
Many fine
presents were received, includ­
ing linen, silver-ware, china and
cut glass.
Mr. and Mrs. Peterson will be
at home to their friends at
Springwater, upon their return
from their wedding trip to the
seashore.
Some of the farmers in the
Eagle Creek vicinity are having
the misfortune of losing some of
their stock. Mr. Murphy and
Mr. Naylor have each lost 3
calves and Mr. Naylor has anoth­
er sick calf. They don’t know
exactly what the disease is, but
think it is the black-leg.
On account o f the all-day meet­
ing to be held at the Mt. Zion
church on Sunday Aug. 1st,
there will be no cervices at the
Presbyterian church in Spring-
water. All are invited to come
to the Mt. Zion church and bring
your basket with you. Every­
one is cordially invited to be
present.
$1. P er Y ear
Supervisors Will Remain
The last legislature passed a
law, allowing each county thru
its school directors to decide for
themselves, whether they desir­
ed county school supervisors.
With the passage of this law,
it was supposed that Clackamas
county would dispense with the
supervising system, and it will
be recalled that Senator Dimick
poetically stated that “ Super­
visors in Clackamas County will
have as much chance as a paper
shirt in a bear fight, if the law
was passed.”
Possibly owing to lack of in­
terest on the part of the general
public, or owing to a change of
sentiment in the past year, Clack­
amas county will retain its super­
vising system.
A few opponents of the system
were unable to obtain a sufficient
number of signers to the peti­
tions to make them effective.
County Supt. of Schools, Calavan,
claims that the past year’s
standardization of many schools
throughout the county, is respon­
sible for this change in sentiment.
E. C. C. Fair Premium List
The East Clackamas County
Fair annual is being prepared
for the printer. ’ It will call at­
tention to the importance of plan­
ning for your share in the Fair.
It will not be enough this year to
merely attend the Fair, for
every one in this community is
urged to bring at least one ex­
hibit. Get it planned for now or
you may never do it.
Stock Shipment
A full car, composed of about
90 Hogs and 2 Steers for which
the sum of about $1300 was paid
out to the farmers of this com­
munity was shipped from the Es­
tacada yards Wednesday noon.
It was the best looking car and
in the nicest shape of any car
that has so far been shipped
from this point.
O. A. C. College Bulletins
The following bulletins were
this week received at the Prog­
ress office, a copy of which may
be had upon application to the
college at Corvallis.
College Bulletin 212, County
and Community Fairs.
Station Bulletin 128, The Ar­
senates of Lead.
Station Bulletin 129, The Pol­
lination of the Pomaceous Fruits,
II. Fruit-Bud Development of
the Apple.
Station Bulletin 130, Pruning.