i-TT"ywjjiiiyii. iri '
f.
TMGR 4;
TTIt Tnvr 9 .!
I'AOE 1.
Tim ni-jxi) nuLMrnx, ukxd, oiu:., wnnxnsnAV, i.'Kimtwnv 2, una.
9 IS DATE SET FOR
-v.., - ui.n.i 11 11 iutiunu" " "" ""'""
ilk
GOVERNMENT AID FOR IRRIGATION
DISTRICTS
Ily O. MYl'ItCAAIU).
(OrcBon Voter.)
It la common knowledge thnt Ir
rlgatlon securities on unconstmctcc.
projects huvo no market iiluo In
financial circles. A few of the most
.innortant reasons I hnvo found lier
onally to bo as follows:
x First.' Tho farmers were unable
P Day the lioiiv nrliiclnal Install-
fionts and lutorest charitus when duo
ven after tho project was completed
ecauso
(a) Tho annual charges were too
Urgo and tho time too short;
(1) Government lunds boniotltnes
'ntlBiltiitn.l -,. 1ntai n iifriu.rtlrn nf
jig lands fiHSCHficd, or
J (c) Tho Ini'Ko land holdings In
private ownership wore not disposed
I tAk iU iiuiuui nuiuuio III UIU tllllU 10-
ulrnil.
' Second. Tho company wan unable
complete tho projects on account
t financial dllllcultles usually caused
' r-.(f) Insufflclont cftlmr.teri llrut
. "PfRt I '
-" . 1 . .. . .
(ll) i;travaBMiit management or
?n: 1
eXCO:
slvo ct iiHtructlon cost, or
(r ) Unlorseen llnnucla dlfflcultloi.
Tl Ird. Soinctlnun the ecinsiiiicti'd
proji Sis 111 c InnUe'iirite lr upih
water foi tho lands contu-nplated,
wlilc 1 condllion wuh tniiai'tl by
(a) Insulflcleno of water Kttppir;
b) Failure or n-.orvolr to hold
wntor for various reasons;
(c) Itisufllcloiii ciipiiclt) tf canals,
d) Kxtonslvo seepuKH losses, or
(0) I'rotrrictcil or unfavorable 1U
Entiou. v UiW of authentic Investigation
feAro construction etands out dour
ly n8 one of tho principal causes of
fnlluro. The eastern bond brokors
ft ,w tract companies who now hold
thoeo seciirltlos of bankrupt projects
lwvo no Inclination for further In
vestment, IiuvIiik lent tied tholr las-
' on. In many Instances a bluo-prlnt
- ol'OWInK tho location or the land anil
t sketch showing tho proposal! loca
tion of tho canal wcro all that w.ih
necessary to Induce tho writing of hb
rllhm to tho numui't or millions.
--AV.Iumi olio now considers tho bur-
'Imilint wan placed on uome of theso
pm.'cts by promotion, expense, dls-
coilts on bonds, etc., berore aile-
'ino Investigations had lioen made.
it Ji no wonder thnt tho president of
Ciolnrgest bnukltiK Institution In the
Northwest doubted the nihlsnblllty,
' HponUIng of trust funds, "of l.i-
vomIiik them In half-baked schemes
"ixt aro pioblematlcnl In their out-
co'lic."
jiYhon 0110 takes Into consldpratlou
flu looso manner In which many of
" so largo unilortaklngs weir con
t"!tod. It Is not surprising that so
"nv failed, and that tholr heriirltlos
'o 110 value 011 the financial inar-
riio succosh of an Irrigation pro-
t depends principally upon tho
,uccmw of each mil every Individual
aimer, moio oven that I ho ecoiiom-
'.tcal constructliin nml tho successful
1 .xecutlon of the general plr.ns. Wo
' 'nvo seen numerous Instances whore
jructures built with considerable
ro, and with considerable success,
''cant notlilng towards tho general
:
ircess of tho project when tho ra r
sfor was not available to pay Interest
I !i the securities and operntluu
1 linrgeH for tho lauds.
I Tim mini who mnkea n successful
rrmer on Irrigation laud usually Is
0110 of small means, but with a large
cnpaclty for work. The man who lias
Biilllclont capital to Improve a farm
on theso new projects Is not usually
tho kind of n man that would do bo,
but would rather buy an Improved
farm. It therefore beconios neces
enry to provide some method to lln
nnco tills farmer, and make his bur
den l'ss heavy durl ig the onrly per
iod -on thoso Irrigated lauds.
On tho work which has been car
ried on by the IVdorol (lovornment
,no Interest charges have been levied
'on tlio construction cost, but even on
ninny or these projects It has been
I Impossible for tho settler to pay even
tho relatively small proportion of the
construction chnrges demaudod an
mially. It Is. therefor.', not surpris
ing that the matter of I 'Huron, In
addition to principal payments, be-
comes a serious initiation with the
saltier on the private project.
There are now until v worthy pro
jects which offor splendid hecurltles
thnt tl 11 tl no sale o-i account of past
performance. Caplli'l. which Is tim
id, cannot or seems ant willing to
differentiate between the worthier
Irrigation laud of the past n id some
of thoso worthv securities. Of wiiiri"
It Is rmillitul that there appears o
bo 110 unlforinllv at the irownt tlm
between the various forms of secur
ity offered on Irrlmtlou pi ejects In
(ho west. There are llrst iimriniwo
bonili. ct)llnierl trust ImiiiiU, C'irev
Hot bonds, district liomln. etc, which
all vrv In form and value as neurit)-
In all the western states.
Therefore, where Irrigation bonds
are tendered for sale. If an auilleuoe
ami lie obtained, h long tedious cam
palaii of edut'Htlou uaceoamlly fol
lows In order to eluctd'Wo the partic
ular edventuves nnd form of the se
curity offered To place Irrigation
Sflcurtth's on a firm substantlsl lusts
It will be tieroaearv to provide some
uniform bond throughout the entire
wont that emi apply to all meritorious
protects.
The Irrigation district which has
been gaining In fax or for tho past
few vear. and which In reality Is a
municipal Incorporation, under tho
State laws, seems to 111) mniiv of tho
requirements of the practical Irriga
tion project. The district furnishes
tho necessary time and terms for tho
pnvmwit of principal Installments,
but no rellof Is offered b our pres
ent laws In the matter of Interest
charges during the construction or
development period
Some of tho western states hnvo
had some sad experiences oven with
tho Irrigation district, due to Insuf
flclenu y'M!"H.tlnn, unsatisfactory
nUxioJi JaV?lrj'M"i'i"r""l't'"'"
fg "' -fe.
if government land within the boun
Jarles of tho district. Some Kedoral
.eglslatlon Is necessary to Insuro tho
jnyment of nasossments on Govern
ment land, either by the present set
tlor on unpatented land or b tho
prospective settlor.
It Is expected thnt with Federal or
Suite legislation to guarantee tho In
terest on district bonds, certain ap
proval must bo necessary as an Initial
rcmilfiltc, and supervision anil niHpcc
tlon during the construction. Tho
Lfuiluro of the appioval of a project
aftor sumo had boon examined iy
Pedcrnl or State expoits would prob
ably Justify tho elimination of fur
ther assessments or promotion ex
pense. Under o r present laws, In case the
directors of the district do not make
tho necessary nBsessinonts to cover
Intoroet nnd other obligations, It be
comes Incumbent upon our county f
llclals net only to levy these assess
ments, but also to collect thorn In tho
same manner ns delluiiucnt taxes
Tho Investor or bond purchaser
also Is not lequitcd to deal with the
directors of the district In order to
receive his Interest payments, but
moruly sends the Intorost coupons to
tho county treasurer, who makes
payment of the Intorest and subso
(inentlv Is lelmbursed by tho collec
tion of the assessments In tho same
manner as county and city tnxos.
At tho pioscnt time tho district
laws of Oregon nnd Washington nre
satisfactory to tho Secretary of the
Interior, who, It Is known, fnvora tho
district iden. In tho Vaklma vallev,
In fact, tho Government accepts dis
trict bonds In lieu of chargos for
vator stored or construction wo-lt
done undor tho supervision of tho Da-
pnrtment of tho Interior. Tho guar
antee In tho Govornmoit of tho in
terest on district bonds should cron'o
uniform district lawn throughout tho
west, and probably thus crcato only
one form or Irrigation security.
Irilgntlou bonds nnd uiulovolopM
projects securities urec Inssed as
"construction bonds." This partic
ular form of bond docs not llud a
ready sale even for other projects,
s cli as rallioads, power plants, etc,
for tho reason that the successful de
velopment Is dependent upon so inanv
conditions over which tho Investor
has no definite or immodlato control.
Therefore, thoro hnvo arisen nu
merous theorlos concerning tho mar
keting of these Irrigation bonds,
which nppcar safo and sound from
nil legal nml engineering Btnniipoinis.
It Is well recognized thnt before tho
development takes place, tho bonds
or tho district aro not amply scented
by tho nshets or tho district Itself.
Thorefore, In-order to provide Tor tho
Hjln or the bonds nt a prlco near pur,
and with a low Interest rnte, It will
bo necessary to supplement tho nssets
of the district Itself by either the
guarantee cr tho stnto or tho nntlon
or tho Interest mil principal or tho
bonds.
Heiilllng thnt In caso the Jones
bill, designed to oiihnnce tho stability
or Irrigation district bonds, did not
pnsB nt tho present session or Con
gress, the Oregon Irrigation Congress
nt lis lirth annual session last month,
passed strong resolutions urging thq
stnto nluo to furthor tho Irrigation de
velopment or tho cominonwonlth by
the passage or an act whereby It will
be possible for the stato to guarantee
the Interest and principal on these
bonds to the extent or two per cont
or Its assessed valuation. The ennet
ment or this clasH or legislation Is a
step In tho right direction.
IRRIGATION CONFERENCE
.Meeting to bo Held In Salem Accord"
liiK to Decision of Committee An
nounced hast Week.
(Oregon Journnl.)
March 9 is tho dato of the Oregon
Irrigation, dralnago nnd rural credits
conference.
Salem Is the place of tho confer
ence and the legislative hall of the
lower house at the cnpltol will prob
ably bo used.
These decisions wore reached y
the committee of tho Oregon Irrl;.i
t'on Congress, appointed to cull the
conference, nt a meeting this after
noon.
J. W. Brewer, Asa 11. Thomj 3011
nnd It. G. Calvert attended as com
mittee members and O. C. Letter nnd
C. C. Chapman ns guests.
It was bolleved that tho stato capl-
toi building will bo n better place or
meeting thnn I'ortlnnd because of the
access furnished to the stnto law II
brary which will be used In reference
ns bills providing stnto backing of
Irrigation and drnlnngo securities are
drafted.
March 9 was chosen as the cotlrol
enco dnto In order to reach nil orga
nizations that should be represented
The governor and secretary 1 r
state will bo asked to grant uso of
tho lower houso legislative hall r.s
the conference room.
MAHKKT ItKI'OUT.
A good run of 1100 hend or cattle
enmo forwnid to n steady miirkt
Ueninnd was good and the stuff mov
ed rapidly. (A total gain or CO cnt's
Including- r 11 classes of stock was
mado this mouth.) llest steers are
quoted at $7.00; cows at $0.23 a"d
calves $8. A very light run of .'tl7"
swine caused the market to advance
ir, cents. I'rlino light hogs aro quot
ed nt 7 B5. Ono load of hogi of
excellent quality was sold nt ?7 00.
This month shows an Incro.nso of
fiOOO hoga over January, 1915, tbr
largest month la hog receipts ccop
Ing Novoiubor and Dccomber, 1913.
A handful or sheep round ready buv
crs today, 2 cars or well flnlslnd
lambs brought n 20 cent ndvanco
over last week s top and sold nt
S.r.Ti. Yearlings and weathers re
main steady. Thoro was on Increase
of almost 1G0O sheep for January,
1910, over samo month last year
A doslrnhlo broad knUo frco with
every annual subscription to The
Hend lliillutln.
Xow I'Vels Ihithelv Well,
A. II Francis, Zenith, Kansas,
writes' "I had a covero pain In inv
hack and could hardly move. I took
about two thirds or a GO cent box or
Foley Kidney IMIls ami now reel en
tirely well." Middle nged and older
men and women llud these enfo pills
M'lleve sleep disturbing nllinonts, For
sale everywhere. Adv.
TO ANNOUNCE DATES
Time For
'hhiii'in' Meetings to be
Set Soon.
(Ily A. K. I.OVBTT,
County Agriculturist.)
ltequeets for Institute meetings
sro for sumo reason coining In to tho
otnee of the County Agriculturist
slowly. Three dittos are still open.
The extension stun from the Agricul
tural College comes to Crook couutv
Febiuary IS to 19, as a result of a
request for their usslstnuce by the
Couutv Agriculturist, Any one tu
tetested In having 11 Vieotlng In their
community should write or see me
at an early date. Doilutto schedule
of meetiims will be postponed un'll
next Salurdnv. if Interested please
write at once.
A desirable biend Knife froo with
every annual subsciiptton lo The
Hend Hulletln.
Good Taste
BREAD
Once Tasted
You'll Eat
No Other
Sanitary Bakery &
Grocery
HOPKINS CO. bEACH
QUALITY. mid with
COOD JUDGMENT
i.stcm
1 ffluimKmwar
B JWKvNVvWxVS lolmlt.loth.Pilne.Alb.tUWr
B lW?XVsX:sCS3SK "J !" " " ' impo.jiM. to
B WCvSSvsclKala' Imlt.l. the fUvor of Prlnco
I .v ''vSSiyPfcJ Alhfrtlobccol TK putcnltj
I vJXJv23mK&5 iron protecU thtl
slrA 'i&k Tt
ig a rjwma
r-rrE ivm m
,.''' '
feM word
IjLXi'jl
1 'i , ur. Ui 1't.uiii
Prince Albert
fits your taste
f
Meets the fondest wishes cf any man who
likes to smoke because it has the right flavor
and aroma and coolness. It's tho most cheer
ful tobacco ycu ever did pack in a jimmy pipe
or rou into a ciga
rette. And it's so
good you just feel
you never can get
enough. The pat
ented process
fixes that and
cut a out bito
and parch I
When you fire up your first
smoke you'll decide that you
never did taste tobacco that
hits your fancy lil:a
Bun
; .rstsJ-irxTra
! invri minuiuimnci a unl I I
J iCIGARG7EiT'0BACCO,j
JP
mm
Ljij VCT H V fl
I
?fe?i
tho national joy smoka
exceeds in goodness and satisfaction the kindest
;e ever printed about itl
Men, we tell you this tobacco will be a revelation to you.
So, take this information at 100, get out tlio old jimmy
pipe from its hiding place or locate the makin's papers
and fall-to I
Your unihet wffl be gratified at tho nearett store that tells tobacco,
for Prince Albert ie in universal tfemand. It can be bought all over
the states and all otcr the world! Toppy red bags, 5c; tidy red
tins, 10c; handsoma pound and half-pound tin humidors and that
fine pound crystal-glass humidor with spongc-moistcner top that
keeps the tobacco in such excellent trim.
R. J. REYNOLDS T03ACCO CO., Winston-Snlcm, N. C.
MEETING WELL ATTENDED
Build Your Own
Home
SAVE TIME AND MONEY
Ita ensy- vou can do It with
our plniiH and your hummer.
No experience or expensive
eurpoutorB iieoeHHury.
We furnish all material for
a complete home and we havo
lioueeg fur as lew ns ?20.1
The nveruKo wnt)to of lumber
111 ImlldluK a house Is S"r
$18 out of evory $100 you
fpeml goo into tho waste pllo.
"Heady llullt" plan mivo ou
thin money, and putt) It Into the
bullae, A' better Imiiio for let
im nev
IVIlow the plitus you can't
rii wroiiK. Tho roeult a por
maiunt, nubstuntlal and attrac
tive homo.
We guarantee ontlBfaellnn.
Send for jour cntnloK tiiihi."
RWDY BUILT HOUSE CO.
I)l ltioailway Portland, Ore.
Oregon Transfer Company
OFKICB 1.00 OA1UX COlt.NKU '
I'lKine lllnrk im
?' '"B 1,0U',0,,i),iI Coal nnd Wood
(.iHids Our Specialty UglH and HiNvyy FrclsW
i:.lltlH AND lUdOAfJi:
Al'TO Tltl'CK MOVIXtl AXYWIIKUK
voun ltACGAni: oiii:cki:i at homi:
Success tit Potato (Jioucrs AvmicIu-
lion I Ahsured.
(Ily A. H.'I.OVirrr, Secietm.)
Tho regular meetlnc of tho Ues-i
chutes Valloy Potato arowors' Abso-i
clr.tlou on Jnnunry 31st was attended
by a largo mimhor of ctithuulnstlc
potato grevvora and much business of I
Importnnco to tho Krowero was trans- j
actcu. I'ouricoa names were aiiiieu
to tho lift of members and olllcors
for tho eusuliiK year vvoro elected ns,
followu: President, O. K. Stndlg. vlco
president. S. 1). Mustard, secretary,
A. K. Uovctt, treasurer, J. O. Sklrv
Ing. An Inotltuto and business meeting
of tho Potato Growers' Association
will bo hold nt Hodniond on Fobrunry
11. Tho meeting will bo called lit
9:30 a. m. for tho purposo of lcc
turo and discussion on growing po
tatoes nnd potnto diseases, by Prof.
J. K. Larson of tho Agricultural Col
lege. lhiBlness mooting nnd confer
ence with Prof. Larson nt 2 p. m. A
discussion of best vnrloties for mar
kets will also ho taken up nt tho fore
noon mooting.
All parties wishing to secure seed
tmtntnes should cot In touch with the
secretary of this association ns early
as possible. Seed grown at homo arc
practically dlseaso frco. Thoso ob
tained from outsldo ohould bo care
fully Inspected boforo planting. Kvor
one Is cordially .Invited to attend tho
meeting on Fobrunry H.
This May Interest Vou.
If you suffer with pains In your
back or side, stiff and soro muscles
or Joints, or rheumatic nches, or havo
Bymptoins of kidney troublo such us
puffy Bwelllngs undor tho eyes or
sleep disturbing bladder allmnots,
yau should know that Foley Kidnoy
Pills hnvo benefitted thousands In
llko condition. Sold everywhere, adv
hkaij hstati: thaxsphiis.
IhMii'il by OiMik County Abstract Co.
Tho Hend Co. to Win. G. Miller,
it. fi, blk. S3, Center add, Hend.
Tho Hend Co., to Hand Park Co.,
It. 15. blk 27, Center add, Hend.
Tho Hond Co.. to Hend Pnrk Co.,
It. 1-2. blk. 12. Contor add. Head.
Hend Pnrk Co. to J. A. Wright U.
l.'i. blk. 27, Center add, Hond.
J. II.. Minor to J. II. Frnslor It. 1.
blk. 2H. W'lostorla.
I.. 1). Wiest to same.
C H. hwalley to A. M. Trlnglo o
nw. n,fc no 33-30-12.
Hend Park Co. to H. Strublo It. 3,
blk 25. Itlvorslde add to Hond.
John It. Currle to II. Strublo It. K,
blk. 25, Riverside Park add. Houd.
Hond Ilnrlc Co. to Gordon W. Tra
de It. 5. blk. 30. Itlvorslde. Hend.
Tho Hond Co. to Hend Pnrk Co..
It. 12. blk. II, W'lefitorin.
Imperial T. Co.. to II. 11. Kin.
Its. 11-12, blk. 5, It. 12, blk G, Im
perial. Ore. Tr. Nov. Co. to n.' J. Smith
It. 1. blk. 2, Grnndvlow add to Hend,
$o00.
Millard II. Trlplott to Isaac I. Hava
pt. oi no 3-1S-12, Its. 1 to 5-11-12
2 in w aero tracts.
H. F. Mersdorf to Jas G. Campbell
so no 3-18-12. pt It. 1, 3-1S-12, Its.
1-2. 3-1-5-11-12, blk. 2 m w uc.-o
tracts.
Isaac J. Hays to Jas. G. Campbell
samo.
Portland Assn. Credit Men to Scat-lon-Glpson
lumber Co. a'i bw, no
so 1-18-12, Its 5-6- 6-1S-13
W. H. fetants 'to B. T. J-uthy oVs
svv. Its 3-4 7-29-12.
B T I.uthy to Huron Timbor Co.
oi aw, Its 3-4 7-20-12.
Buy More for Less
We have opened a big line of staples
in groceries and can offer you more for
less money. We have new and stan
dard lines of groceries carried by no"
others in town. We will be glad to put
them up for your approval. We also
can quote you economy prices in shelf
hardware.
H. E. BAKER
Wall Street. Near Ohio
ii
A Refreshing Cup at Any Time
ROYAL CLUB
Super Quality Coffee
'i'brio I no better entire at nny
rrlc. Thre lannot be becattsn
toy.it Club In nmjo from the flu
vl coffee :hut inonoy ean buy.
11 I csnfully blendH, then
'nu. rallied for u whole year
before It is roasted, cut unit
iwck'd for sale. Ob. ye thero
ur coffee ioid ut n hlelier prlc
but none of bolter quiillty ur
belter flavor and there'a tbU in
Im favor Itojul Club U loa.t. d
fitjih dally In Purtlund. Iu
well worth trylntr.
1-lh. tin
lye
a-lt. Iln
vi. to
S-lh. tin
VI.T3
LANG & CO.
f. The "Itujnl Club" lluuae
J I'urllnnil, Or,
IPHNli&ttiiitaB'
-TT - --'J'- -SsC-mm - - y- f. j-J . "-JM' "" " '" . .BKS--, -?L-Sr " jiF3
1 1
finnuflniVp fZnAc - i. s
. wUUo ttlc cicn in SUCH ennr-
mous quantities that it is easy to keep fresh
stocks on hand. The dealer always sells out quickly
You'll find Snowflakes always fresh and crian.
m
10c and 25c packages aUo in bulk
Big Family Tin 50c
PACIFIC COAST BISCUIT
COMPANY
Portland, Oregon
(
.w
5?- mam'-, -vip.
4NW
. r
)i L
- "-