The gazette-times., August 27, 1914, Page PAGE TWO, Image 2

THE GAZETTE-TIMES, HEPPXER, ORE- TlURSnAY. Al'G. 27. 1314
TACF. TWO
THE GAZETTE-TIMES.
Gaiette, EstablisheJ
The Heprner
March 3d.
The Heppner Time Established Nov
IS. 1S97.
! r.knuirv 15. 1912.
- joial organs or uie nquor ukiks,
gon and Virginia are tl'.e only states
likely to vote dry.
The Committee of One Hundred,
the organization of business men of
Oregon fightins for a dry state, has
received a copy of Honrori s wine
and Spirit Circular, one of the offl-
YAWTER CRAWFORD,
Editor and Proprietor.
Issued everv Thursday morning, and
entered at the Postoffiee at Heppner,
Oregon, as second-class matter.
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Insertions, per line, 5c; lodse resolu
tions, per line. 5c; church socials ami
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conducted for pay, regular rates.
rier date of August 10. It says
"The information received from
the battlegrounds of California, Ore
gon, Washington, Colorado and Vir
ginia, where statewide elections on
the prohibition question will be held
this Fall, would seem to indicate
Unit all save Oregon are reasonably
safe, although some doubt Is express
ed in regard to Virginia."
The Circular says the National or
ganization of liquor dealers should
MORROW COVSTY OFFICIAL PAPER
Thursday. August 27. 1914.
From reliable Information It would
seem that the wet forces plan to
spend about $100,000 on the fight in
Oregon this Fall. While they hope
to win, leaders of the wet forces in
i Portland, admit they expect to see
the state go dry, while saloonmen
frankly are making preparations to
go Into other lines of business.
THREE PROPOSITIOXS TO VX
LOAD VPOX THE TAXPAYER.
Holgate Is at the City Meat Mar
ket. Call for one of those Hambur
ger specials. You remember them.
ADDRESS OF A. L. MILLS.
This is the period of the year
when the incubator of new schemes
to unload upon the taxpayer is work
ing overtime, At least three such
propositions are being got in shape
to bring before the legislature.
One of these is the Gano free em
ployment bureau and coffee house
combined. Its promoter estimates it
would cost $3000 to set up one in
each city and town, the expense to be
shared by the municipality, the
county and the state.
Fifty of these establishments
would cost the taxpayer $150,000,
and then whatever employment was
given would be ptfid by the employ
er. The $150,080 would not be ex
tended in employing labor but for
salaries of officials.
The expenditure would not stop
with that sum if these institutions
are once established. All such func
tions in the name of the state once
organized grow and their expense in
creases from year to year.
A state rat catching campaign has
been inaugurated. Rat surveys are
being made. The state food commis
sioner is asking for legislation to
exterminate rats. That means a
State Rat Catcher or Rat Commis
sioner. The third proposition to be sprung
on the legislature is the creation of
the office of County Advisor an ex
pert to give advice to all county of
ficials about the duties of their of
fices. This is now the duty of the coun
ty attorney and the Attorney Genera!
of the state. But the County Ad
visor would be giving advice about
office duties and business matters.
The legislature Is blamed for
many foolish laws and new burdens
laid upon the taxpayer, which really
are organized and put over from the
outside by those interested in the
proposed grafts.
oregoxTiayors"fayor dry
STATE.
The Mayors of cities and towns of
Oregon, are overwhelmingly in favor
the Oregon dry amendment, on the
ballot next November, according to
the replies from executives which
have been received by the Committee
of One Hundred, the organization of
Oregon business men which is back
ing the fight on behalf of the amend
ment. There are 175 Mayors in Oregon.
Of these 86, or almost one-half, re
plied to the query. Their answers
were :
Yres, 58; No, 26; no declaration 2.
Of those replying, more than two
to one are in favor of a dry Oregon.
One-third of the Mayors of Ore
gon put themselves on record in fa
vor of the Oregon dry amendment,
while one-seventh of the executives
declared in favor of a wet state.
"From these figures, it would
seem," said J. E. Wheeler, chair
man of the Committee, "that the
Mayors of Oregon do not fear any
business depression from a dry Ore
gon. They realize as we do that Ore
gon dry means more and better bus
iness." The return of the vote in Morrow
county was 1 dry; 0 wet.
HOW OREGON HAS BEEX
ROLLED.
From the sale of public lands
Oregon has contributed $10,317,
387.18 to the reclamation fund to
June 30, 1913.
Oregon has been allotted from
that fund for reclamation work up
to same date only$4,324,218.77.
Of this amount $1,277,132,01 has
been returned leaving us a net in
vestment of $3,057,086.16, or less
than one dollar out of three paid in.
There has been allotted to various
states up to April 30, 1914, $10,307,
396.73, of which Oregon gets $1,
294,724.08. In amount contributed Oregon fs
only surpassed by one state North
Dakota. But in distribution nifle
states get more than Oregon.
The above facts were brought out
in an address in Congress by N. J.
Sinnott, Congressman from the east
ern Oregon district.
Liquor dealers of the country have
sent out an impassioned appeal all
over the country to keep Oregon wet.
They express the opinion that Ore-
(Continued from first page)
exports freely from going abroad. I
confidently believe that within a
month our foreign export trade will
again be on a comparatively normal
basis, or at least on such a basis as
will permit foreign business to be
trnsacted by this country at a hand
some profit.
In the meantime we bankers have
before us a few weeks of somewhat
difficult financing. Harvest hands in
the fields must be paid in cash and
also the " cost of transporting our
crops to the seabord. It can be done
and will be done with comparative
ease if the business people of the
country have faith in our institu
tions, supplemented by a moderate
amount of patience. If, however,
the business men of the country,
such as I see before me now, become
excited and each man endeavors to
rush in ahead of his neighbor, force
collections and grab all that is in
sight, the situation will become more
complicated. Even then, and in
spite of fools and alarmists, the
banks of the country will be able to
finance the harvests and within a
short time make possible bountiful
returns for our crops.
In 1907, I should not have dared
to have spoken so confidently con
cerning the situation, as at that
time we were laboring under an an
tiauated and archaic system of fi
nance that was utterly IncapaDie oi
expanding with the needs of com
merce. Thanks, however, to the Al-drich-Vreeland
Currency Bill that
was passed in 1908 and extended by
the present Congress it becomes pos
sible for the banks of the country to
join together in Currency Associa
tion and obtain issues of currency
for wkich "Uncle Sam" acts as the
redemption agent. The limit of this
currency was first put at five hun
dred miHions, but within the past
few days this' limit has been taken
off and the Secretary of the Treas
ury, Mr. McAdoo, is permitted in his
discretion to allow this issue to be
put out in an unlimited amount.
Such Currency Associations have
been formed. in New York and Chi
cago and, I believe in other large
centers. Already the strain upon
the financial institutions of these
centers has been so materially les
sened that our recent telegrams
from those points state that business
aeain is proceeding normally.
It is not believed by the bankers
of Portland that it will be necessary
Vreeland currency in
the Northwest, since our correspon
rlente in the east assure us that they
can forward us an ample supple of
currency from their Associations
without difficulty. Nevertheless, the
Portland Clearing House believes it
to be the better part of wisdom to
perfect such an organizaztion in Ore
gon. To that end the national banks
of Portland, associating wltn tnem
selves a few of the banks of neigh
boring cities, have taken the neces
sary steps for such an organization
bv nassing. in their different Boards
of Directors, the proper resolutions.
The preliminary steps have all been
taken and we now but await receipt,
from the Comptroller of the Cur
rency, of the necessary forms to be
filled out before finally completing
the organization and making avail
able an amply" adequate allotment
of what, perhaps, I may call Vree
land Currency.
Incidentally, it may be of interest
to you to know that such Currency
Association must have in it at least
ten national banks, with a combined
capital and surplus of at least five
million dollars. The proposed Port
land Association has a combined cap
ital and surplus of eight million,
eight hundred thousand dollars, by
reason of which we are permitted to
receive over eleven million dollars
of Vreeland currency for which "Un
cle Sam" becomes the responsible
payer , This sounds like an immense
amount of easy money, but never
theless there are restrictions placed
about its issuance that prevent an
unhealthy inflation. The banks of
the Association applying for any of
this currency must hypothecate
bonds or commercial paper matur
ing within ninety days or four
months, such security to be approved
by the Executive Committee of the
Currency Association and finally by
the Treasurer of the United States.
For the currency issued to any bank
in the Association, each and every
bank in such Association becomes
responsible in proportion to its cap
ital and surplus. In addition, there
is placed upon the issuance of the
currency a tax at the rate of three
per cent per annum if the currency
is outstanding three months, four
per cent per annum for four months,
and so on up to six per cent per an
num if the currency remains unre
deemed six months. Necessarily this
will limit the unwise and reckless
circulation of such a currency.
It is needless to tell you that,
should the necesities of our com
merce demand it; the Portland banks
and their associates will not hesitate
to take out all the currency needed
for the purpose ot facilitating the
commerce of this section of the
country. Nevertheless, such circu
lation will not be taken out unless
the pressure for its use becomes in
very great measure more severe than
it is today. It places a liability up
on each and every bank in the Asso
ciation that bankers do not care to
undertake unnecesarily, and Is Is
sued at a cost that must eventually
become a severe burden on the com
munity. One moving cause for the belief of
the Portland bankers that we should
go slow In issuing the Vreeland cur
rency is the fact that the Federal Re
serve Act will shortly be put in op
eration. The Federal Reserve Board
has now been organized, and thev
are pushing forward rapidly the or
ganization of the twelve District Re
serve Banks. It is stated that by ,
October first these banks will be in
operation. If so, it will easily solve j
any existing financial troubles and i
be far less expensive to the borrow-;
er. As you know, the Reserve Hank
of this District will be located in San
Francisco, but we are using every ef
fort to have a branch established in
Portland at as early a moment as
the parent institution in San Fran
cisco 'will permit. Should, however,
the establishment of the branch bank
be delayed more than is expected,
nevertheless we shall be able pos
sibly, at some inconvenience, to
transact our business directly with
the San Francisco bank.
Incidentally, I wish to call the at
tention of the business, men of the
community to one change that will ;
ensue in our methods of doing bus
iness after this bank is established
Commercial paper proper for dis
count at the Reserve Bank must
have a fixed date of maturity, and in
terest must be taken out in advance.
It is within the possibilities that
when the reserve bank is in opera
tion a member bank wilt be able to
liquidate every dollar of its com
mercial paper, provided such paper
is of the proper character." Thft"
means that a properly conducted
member bank cannot suspend or fail.
Now, the future. A man is a fool
who attempts the role of a prophet
but were I to venture such foolhard
iness, I should say that the next year
or two will see in Oregon and the
United States generally, due to the
misfortunes of others, such pros
perous conditions as never before
prevailed. In the end, however, we
cannot have such an enormous eco
nomic waste as this great European
war seems likely to cause, without
materially affecting the ability of
those nations to purchase our ex
ports. It is as if you had a country
customer whose stock of goods was
destroyed by fire and who wired you
to replace the same at any price.
You might make a handsome profit
on the first shipment but thereafter
the country store-keeper would be
so crippled that his purchases for
some time to come would be mater
ially lessened. So it seems to me
will be the case with the nations of
the world. The great nations of Eu
rope, by the destruction of life and
property, will not be able to buy the
goods we have to sell. The result
necessarily will be stagnation and
depression in business.
On the other hand, as an offset to
this forecast of the distant future, is
the fact that by the war loss that
comes to European nations there will
be open to our enterprise the vast
commerce of South America that
now is tributary to Europe. This
should and will be diverted to our
ports provided our merchants are
alive to their opportunities. This
commerce may, in great measure,
offset the loss of European business.
Then, again may come to our
country another great and valuable
gain in the reestablishment of our
Merchant Marine. Prior to 1861,
the American Marine was the equal,
if -not the -superior, of any Marine
service in the world, but the Civil
War destroyed it. By the repeal of
our antiquated shipping laws that
have stunted the growth of our Mer
chant Marine, an opportunity comes
to up that will be of untold value if
properly availed of. When an Amer
ican can buy ships where he pleases
and sail them under our flag, and
man and officer them with whom he
pleases, we shall be on a parity with
the other nations of the world and,
indeed, with our enterprise should
surpass all other nations.
In conclusion, let me beg of you to
be of good cheer. Financial condi
tions are sound and will remain so.
The prospects for a period of pros
perity in the near future are bright
and it but remains for you business
men to make the best of the oppor
tunities that will present themselves
to you in the near future, in order to
reap a bountiful harvest for your ef
forts. Good luck to each and all of you,
Go to the Heppner Bakery for
your bread. 26 loaves for $1.00.
Only 22 more days until the opening
of the
2ND ANNUAL
SDMDW C0DQJN
W FADES
HEPPNER, OREGON
SEPTEMBER 17-18-19, 1914
3
M(0)D
BIGGER and BETTER
Are You Preparing Your Exhibit?
A little care in selection and preparation will go a long ways toward making finer
general exhibit and your chances for securing a premium are much better. Don't
let another day pass by without selecting something.1
I-
The Fair Board has a larger sum to offer for
premiums this year. The list has been re
vised and several important changes made.
SPECIAL ATTENTION WILL BE PAID TO THE POULTRY DEPARTMENT. Mr.
0. E. Freytag, who has been secured as Fair Manager, will conduct a special ser
ies of lectures and demonstrations for the benefit of the many poultry raisers and
all interested in that industry. x
NO ENTRY FEE WILL BE CHARGED ON STOCK ENTERED THIS YEAR.
All animals that have been properly examined by the State Veterinary or an au
thorized deputy will be eligible to enter for premiums.
THREE BIG DAYS OFv ENTER
TAINMENT and FUN.
The management has spared neither pains nor money in securing 'the best talent for
ontertainment available. You will be thrilled by the baloon ascension and the var
ious acrobatic stunts. You will be entertained with band music, vaudeville acts,
quartette singing, dancing and many other things to numerous to mention. And
last, but not least, the exhibits, which will be the surprise of your life.
Further And More Detailed Information May Be Obtained From
W. W. SMEAD, Secretary,
HEPPNER, OREGON.
THE THREE CARDINAL VIRTUES OF
A WELL MADE SHOE ARE
QUALITY
i In which the FLORSHEIM shoe will be found pre
eminent ,'
STYLE
For which the FLORSHEIM make has always been noted
EASE AND COMFORT
Which is assured in a degree never before attained . .
A SHOE WITH THE NAME
"THE FLORSHEIM SHOE"
Woven in the strap is a guarantee of the above
qualifications.
SAM HUGHES CO.
Get away from the heat of baking
during these warm summer days and
buy the necessaries at the Heppner
Bakery.
Good, home cured bacon; extra
fine homemade lard. Low prices Peo
ple's Cash Market. ,
Storage batteries charged at Hepp
ner Light & Water Co. Prices range
from $1.50 to $1.75 for recharging.
If you want spring chicken for
Sunday dinner, leave orders on Fri
day. Peoples' Cash Market, i
1 Ladles Get away from the heat
of the stove and do your ironing with
an electric iron.
If you want extra fine meats at the
right prices, see the Old Reliable
Dutchman at People's Cash Market.