THE GAZETTE-TIMES. HSPPNER, ORE, THURSDAY, AUG. 17, 1916
FUNERAL SUPPLIES
MODERN EQUIPMENT
PAINSTAKING SERVICE
CASE FURNITURE COMPANY
Get your new pair of
HARVEST SHOES
from
E. N. GONTY
8-inch tops $2.50, $3.00 and $3.50
The Churchill Glove
for Workingmen
NORTH
NOT DIFFERENT BETTER!
More beach better beach; an endless
variety of things to do and places to go;
quaint and restful resorts; a pleasant
boat trip to get there.
Reached only via the
0-W.R.H&N. STEAMERS
T. J. POTTER HASSALO - HARVEST QUEEN
Fans, TtseriMtioHS, beach Jbt,r'm t''. fv'.l ir'rymr Hon
KpouappiuatioHtolocalO-'fi H. ,;. A. AgMwOi
General Passenger Agent. Portland
LicensedEmbalmer Lady t
J. L. YEAGER
FUNERAL DIRECTOR
Phone Residence Heppner, Oregon
! "WHEN THE HARVEST DAYS!
ARE
You'll be planning a new HOME
or barn, maybe a silo or milk
house perhaps your district
needs a new school, or town a
new church
Let our Architectr make your
plans to suit your ideals
and pocketbook.
See R. F. WeigeL Lexington, W. H. Cronk, lone, About It
At the home of
"TUM-A-LUMBER"
(A buy word for
O. C. Stevens of Hardman was an
Incoming passenger from outside
points Wednesday evening.
FOR SALE Four hundred seres
prairie and timber land, known as
the South Jones Prairie. Mrs. Henry
Jones, 321 14th St., Portland, Ore.
1b.
O CL MILES of smooth, firm sandy beach
NV sloping gradually oceanward more
than a score of interesting beach hamlets
inviting you to real rest and the simple
life-that's NORTH BEACH.
OVER
good lumber)
O. L. Bates, Hardman mill man, re
ceived a fracture of the skull in this
city Tuesday evening, when he slipped
and tell in the Heppner Garage. His
head struck the hard floor with suffi
cient force to make a cut in the skull
several inches long. Several stitches
were taken by Dr. McMurdo and the
injured man was able to go to his
home.
FULL PARTICULARS
OF FARM LOAN ACT
(Continued from Page Three)
gages on farm land. The banks, how
ever, can increase their capital stock
above the required minimum and 30
increase the amount of bands they
'can sell, and thus increase the total
amount of money available for loans
ion farm mortgages.
I To make these bonds attractive to
investors, the bonds, together with
the mortgages upon which they are
.based, are exempted from Federal,
j State, municipal, and local taxation
and are made legal investments for
fiduciary and trust funds. The cap
, ital stock of the Federal land banks
is also exempt from taxation. Federal
reserve banks and member banks of
that system are empowered to buy
and sell these bonds. They are to be
, issued in denominations of $20, $50,
:$100, $500, and $1000.
I Organization of Banks.
I The temporary management of the
I Federal land banks is to be in the
hands of five directors appointed by
the Federal Farm Loan Board. As
I soon, however, as the subscriptions
, from the loan associations total
' $100,000 regular directors are to be
appointed as follows: Three district
directors, resident in the district,
: shall be appointed by the Federal
Farm Loan Board to represent the
public interest, and six local directors,
resident in the district shall be elect
led by the farm loan associations who
must be stockholders in the bank. The
Federal Farm Loan Board shall desig
nate one of Us appointees to act as
chairman. The act requires that at
least one of the three district direct
ors shall be experienced in farming
and actually engaged at the time of
his appointment in farming opera
tions within the district. Any com
pensation paid to the directors must
be approved by the Federal Farm
Loan Board.
Officers of Loan Associations.
Each loan association must have a
board of directors and a secretary
treasurer. The directors shall serve
without pay. The secretary-treasurer
shall receive such compensation as
may be determined by the board of
directors. The association must ap
point an appraisal committee for the
purpose of valuing lands offered as
security for loans. No member of
such committee shall have any inter
est in the property upon which he
passes.
Funds for Current Expenses.
To provide funds for current ex
penses, the loan association may re
tain as a commission from each inter
est payment not to exceed one-eighth
of 1 per cent semiannually upon the
unpaid principal of the loan. This
commission is to be deducted from
the dividends payable to such farm
loan association by the Federal land
bank. If the commissions are not ade
quate, and an association does not
wish to assess members for current
expenses, It may borrow at 6 per cent
from the Federal land bank to an
amount not to exceed In the aggregate
one-fourth of Its bank stock.
Reserves and Dividends.
The law requires both the land
banks and the farm loan associations
to make provision for certain reserves
before they can pay any dividends.
Agents and Land Banks.
In sections where local conditions
do not make the formation of associa-
ions practicable, the Farm Loan
Eoard may authorize the Federal land
bank to make loans through agents
approved by the board. These agents
are to be banks, trust companies,
mortgage companies, or savings insti
tutions, chartered by the State. They
may receive as compensation the ac
tual expense involved in transacting
'he loan and in addition thereto a
sum not to exceed one-nait of 1 per
ent per annum of the unpaid princi
pal of the loans made through them.
When the Farm Loan Board decides
'iat a locality Is adequately served
by farm loan associations, no further
loans are to be made through agents.
Joint-Stock Land Banks.
In addition te the system of 12
Federal land banks and the national
loan associations of borrowers, the
act permits the establishment of
Joint-stock land banks and authorizes
them to carry on the business of lend
ing directly to borrowers on farm
mortgage security and issuing farm
loan bonds. These banks must have
a capital of not less than $250,000.
They are under the supervision of the
Federal Farm Loan Board, but the
Government does not lend them any
financial assistance.
The Joint-Btock land bank is free
from many of the conditions imposed
on the Federal land banks. Subject
to the 50 and 20 per cent value limi
tation and the limitation as to terri
tory, the Joint-stock land bank may
THE "GREATER OREGON
With nw buildings, better equipment, and
many additions to It faculty, the University
of Oregon will begin It fortr-flmt year, Tues
doy, September IS, ISIS.
Special training in Commerce, Journalism,
Architecture. Law, Medicine, Teaching, Libra
ry Work, Mnilc, Phynlcal Training and Fine
Art. Large and trong department of Liber
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Library of more than 63.000 volume, fif
teen building fully equipped, two splendid
gymnasiums.
Tuition Free. Dormitories for men and for
women. Eipense Lowest.
Write for free catalogs, addressing Registrar
UNIVERSITY OF OREGON
KlIOKNE,
Johnson Hail
lend more than $10,000 to a single
Individual, and it is not restricted to
making loans for the purposes speci
fied In the case of the Federal lani
bank.
The Joint-stock bank, like the Fed
eral land banks, can not charge an
interest rate on farm mortgages in
excess of 6 per cent, nor shall such
interest rate exceed by more than 1
per cent the rate of interest paid by
the bank upon its last issue of bonds.
A Joint-stock bank is limited in its
bond issue to 15 times its capital and
surplus.
Among the restrictions placed on
these banks under the act are (1)
that their mortgages must provide for
an amortization system of repayment
such as is prescribed in the case of
loans through the Federal land banks
and ( 2 ) that they shall in no case de
dand or receive under any form or
pretense any commission or charge
not specifically authorized by the act
and approved by the Farm Loan
Board.
The bonds of the Joint-stock land
banks are exempted from taxation.
Their capital stock, however, Is not
exempted. ,
General Provisions.
The law, through the Farm Loan
Board, provides the necessary mach
inery for frequent examinations of
the banks and the associations, for
the proper cancellataion of mortgag
es offered as security for bonds. When
any mortgage offered as security for
bonds is withdrawn, the bank is re
quired to replace the security with
other satisfactory collateral.
Heavy penalties of fine or impris
onment or both, are imposed for vh
latlons of the act, malfeasance in of
fice, fraud, embezzlement, defalca
tlon, or other illegal practices.
NOTICE.
Notice is hereby given that I w
ill
not be responsible for any debts here
after contracted by my wife, Armlnda
Sayles Bode, who has left my home.
Dated this 17th day of August, 191
HENRY BODE.
George W. Sperry received painful
i.niurles the past week wnen a horse
fell with him. Mr. Sperry was caugut
In the saddle and his left foot was se
verely bruised. He has been walking
with the aid of a crutch since.
George Perry, Rock creek's leading
stockman, was In Heppner Tuesday
after some things for the rancu
Judztne from his smile, the rheuma
tism must no longer be troubling him
Oscar R. Otto returned to his home
in this city Wednesday evening from
Portland, where he had gone to at
tend the funeral of his brother who
recently lost his life at the Union
Meat Co. plant.
W. T. Matlock, who buys for a
Portland commission house, arrived
In Heppner Wednesday to buy some
sheep, providing he can find what he
is looking for.
Miss Ethel Smith, daughter of Mr
and Mrs. W. B. Smith, underwent an
nneration for the removal of adnoids
this week. She is recovering nicely
at this time. Dr. McMurdo Had
charge of the'ease.
W. K. Livingston is taking care of
the business at the Heppner Milling
Co. 's warehouse during the absence
of Andy Hayes, who Is now away on
his vacation. Mr. Livingston will at
tend school again this winter but lias
not vet decided whether he will go
East or enter a school In Portland. It
is his intention to complete his educa
ion preparatory to entering the medi
cal profession.
LEGAL NOTICES.
NOTICE TO CREDITORS.
IN THE DISTRICT COURT OF THE
UNITED STATES, For the District
of Oregon.
In the matter of James T. Morgan,
Bankrupt;
No. 3868 in Bankruptcy.
Notice is hereby given that on the
27th day of July, A. D., 1916, James
T. Morgan of Lena, Oregon, the banK-
runt above named, was duly adjudi
cated bankrupt; and that the first
meeting of his creditors will be held
at my office, 8th Floor, Title & Trust
Building, Portland, Oregon, on the
28th dav of August, 1916, at 10:30
A. M., at which times said creditors
may attend, prove their claims, ap
Doint a trustee, examine the bankrupt
and transact such other business as
may properly come before said meet
ing.
Claims must be presented In form
required by the Bankruptcy Act, and
sworn to.
The schedule filed discloses doubt
ful assets. ,
Dated August 14, 1916.
A. M. CANNON,
Referee In Bankruptcy.
OREGON
J HEW EDUCATIONAL,
OUH.D1NQ
Ml
NOTICE OF SALE OF ESTKAYEO
ANIMAL.
' Notice is hereby given that the un
dersigned has taken up and now
holds on his farm at Irrigon, Oregon,
one bay horse branded V on right
shoulder. No other distinguishing
marks appear on said animal with the
exception of white right hind foot.
Owner may have the above-described
animal by calling at farm and paying
all costs that have accrued.
Notice is further given that unless
called for on or belore Saturday,
August 26, the said animal will be
sold at sheriff's sale at 2 o'clock in
the afternoon of said day to the high
est bidder for cash In hand and in
such manner as described by law per
taining to the taking up and sale of
animals running at large in Morrow
county, Oregon.
Dated and published the first time
this 10th day of August. 1916.
L. M. DAVIS, Irrigon, Ore.
NOTICE OF FINAL SETTLEMENT.
Notice is hereby given that the
undersigned has filed his final ac
count as administrator of the estate
of Walter R. Birdwell, deceased, and
that the County Court of the State
of Oregon for Morrow County has ap
pointed Tuesday, the 5th day of Sept
ember, 1916 at the hour of 10 o'clock
In the forenoon of said day, as 'the
time, and the County Court room In
the Court House at Heppner, Oregon,
as the place of hearing and settling
said final account. Objections to said
final account should be filed on or be
fore said date.
W. G. Scott,
Administrator.
NOTICE OF FINAL ACCOUNTING.
Notice is hereby given that the
undersigned Executor of yie Last
Will and Testament of John Miller
deceased has filed with the county
court of Morrow County, Oregon his
final rport as such executor, and that
said Court has fixed Monday the 28th
day of August, 1916 at the hour of
10 o'clock a. m. as the time and the
County court room In the court
house In Heppner, Oregon as the
place for hearing said account and
any objections thereto and for the
settlement of said Estate.
Francis M. Miller,
Executor.
NOTICE
Notice is here by given that the
undersigned, Alfred L. Ayers, and
Anna Spencer, have been appointed
Executor and executrix of the Last
Will and Testament of Matilda, C.
Ayers, deceased, by the County Court
of Morrow County. Oregon, and have
duly qualified for such trust.
All persons having claims against
said estate are hereby notified to
present same, duly, verified, at the
office of our attorney, Sam E. Van
Vactor, in Hepner, Oregon, within
six months from the date of the first
publication of this notice.
Dated and published this 29th
day of June, 1916.
ALFRED L. AYERS,
ANNA SPENCER,"
Executor and Executrix of the
, Last Will and Testament of
Matilda C. Ayers, deceased.
IN THE CIRCUIT COURT OF THE
STATE OF OREGON FOR MOR
ROW COUNTY.
Thomas Quald, )
Plaintiff)
vs. )
Emil Grotkopp, Frank Gil-)
Ham, Trustee in Bankruptcy)
of the Estato of Emil C. T.)
Grotkopp, a bankrupt, and)
O. E. Farnsworth, )
Defendants,)
NOTICE OF SHERIFF'S SALE.
By virtue of an execution, judge
ment order, decree and order of sale
issued out of the above entitled
court in the above entitled cause to
me directed and dated the 17th day of
Juiy, isle, upon a decree rendered
and entered in said Court on the
31st day of May, 1916, in favor of
Thomas Quaid, plaintiff, and against
Emil Grotkopp, Frank Gilliam, Trus
tee in bankrupcy of the Estate of
hmll C. T. Grotkopp, a bankrupt, and
O. E. Farnsworth, for the sum of
$300 in United States Gold Coin,
with Interest thereon at the rate of
10 per cent per annum from the 22nd
day of November, 1914, in like coin,
and the futher sum of $40.00 attor
ney's fees, and the further sum of
$13.40 taxed as costs and disburse
ments heroin, and the costs of and
upon this writ, commanding me to
make sale of the following described
real property, to-wit:- The south
Hair of the S. W. of Sec. 10 in
Township 5 S. of Range 27 East of
the W. M. in Morrow County, Ore
gon; NOW THEREFORE,' By virtue of
said execution, judgment order, and
decree and order'of sale and in com
pliance with the commands of said
writ, I will on Saturday the 19th day
of August 1916, at 10 o'clock, a. m.,
at the front door of the County
Courthouse in Heppner, in the Coun
ty of Morrow, State of Oregon, sell at
public auction, subject to redemption,
to the higgeBt bidder, for cash in
hand, all the right, title and interest
which the within named defendants
and each and all of them had on the
22nd day of November, 1910, the
date of the plaintiff's mortgage herein
foreclosed, or since that date had In
and to the above described real pro
perty or any part thereof, to satisfy
said execution, judgment order and
decree, interest, costs and accrued
costs.
Dated this 17th day of July, A. D.,
1916.
GEO. McDUFFEE,
Sheriff for Morrow County, Oregon.
PROFESSIONAL GOLUMA
Dr. H. T. ALLISON
Physician H Surgeoa
Office ia Gunn Building.
HEPPNER. OREGON
Dr. N. E. WINNARD
Physician & Surgeon
Office in Fair Building
HEPPNER - . OREGON
A. D. McMURDO, M. D.
Physician Surgeon
Office ia Patterson Drug Store
HEPPNER :-: :-: OREGON
Dr. R. J. VAUGHN
DENTIST
Permanently located in the Odd
Fsllews building, Rooms 4 and 5.
HEPPNER, OREGON
DR. D. R. HAYLOR
EYE 8PECLLIsr
Heppner - Phone 62 - Ore.
WOODSON & SWEEK
ATTOKNEYS-AT-LAW
flue In Palace Hotel,
Heppner, Oregon
SAM E. VAN VACTOR
ATTORNEY-AT-LAW
OSce on west end of May Street
HEPPNER, OREGON
S. E. NOTSON
ATTORNEY-AT-LAW
Office In Court House, Heppner.
F. H. ROBINSON
LAWYER
IONE :-: :-: :-: :-: OREGON
CLYDE and DICK WELLS
SHAVING PARIrORS
Three doors south of Postofflce.
Shaving 25c Haircutting 36o
Bathroom in connection.
PATTERSON & ELDER
2 Doors North Palace Hotel.
TONSORAL ARTISTS
FINE BATHS SHAVING 25c
J. H. BODE
MERCHANT TAILOR
HEPPNER :-: :-: :-: OREGON
"Tailoring That Satisfies"
LOUIS PEARSON
MERCHANT TAILOR
HEPPNER :-: ... OREGON
ROY V. WHITEIS
Fire Insurance writer for best Old
Line Companies.
IJEPPNER
OREGON
W. L. SMITH ESTATE
ABSTRACT OFFICE
M. A. LOEHR, Abstractor
FARM LOANS
The li, i.i...i
. , ..e.i.vii Hurmu in
connection with this offlce will be
found mnmt .a.. 1
H. ...v.H. w MAysjsri VI
Morrow oounty.
g-ives prompt and full attention
to all tax matters of Its patrons and
thlla rellAVAa thnm 1x9 alV WA-... ...a
. w. uaa n Ul I 11U
trouble. Write (or- contract.
BRADFORD & SON
"The Village Painters"
Contractding Fainting and Paper
hanging, Phone 663. Offlce
1st Door Wtst of Creamery
LAWYERS
Abstracts examined. Corporation Law.
Financial Agents. Trusts, Escrows and
Accounts. Estates probated. Collec
tions, Deeds, Mortgages. General
nraeticamalliunirta n i
solicited. Prompt attention. Bank
references. FourUtnth ytar.
LOANS PLACED ON PORTLAND PBOPESTY
F.losessohn & F.losessohn
u.u.n Chamber of Commerce Bide.
PORTLAND, ORMON