The Gate city journal., August 20, 1920, Image 3

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K M K R K 1IK IIIIH M M X M H H K IIIK I V I I M I M 1 I I I R I «
I
Fukhabad ovary M 4 » | at Nyaaa. Ore-
«•n. hy
Would You Invest
YOUR Money at
WIN S. BROWN.
FRIDAY, AUGUST 18. 1920
Bn*« rad aa Mconu-ciitni m aiu r A p ril
■ m i»n>, at the poatoffice at Nvsaa.
Oregon, under the Aet of March 3,1879.
20? INTEREST?
SUBSCRIPTION RATES :
One year, In advance................... $1 80
A* month« In advance................... . 78a
Dur:ng the year of 1919 the Common Stock of the Idaho Power Cam*
panv earned only 2 percent. One-half of this was placed in a necessary
surplus fund, and the other 1 per cent was paid to the owners of the com­
pany s Common Stock, in dividends.
The average pci con is likely to think of the owners of any large com­
pany as rich individuals who would be better off without so much money.
Do yoa realize that over half of the stockholders of the Idaho Power
Company are small investors—who are earning a living by hard work?
And, in maay cases, their investment represents the savings of years.
Foreign Advertising Representative
TH E AM ERICAN PRESS ASSOCIATION
Big Bend Girls Give
Good Demonstration
THIS QUESTION MUST BE DECIDED
Aren’t all these people entitled to a reasonable return on the money
they have saved and invested? The state law says that they are; yet, under
present conditions, the. owners of the Idaho Power Company Common
Stock are receiving i nly 1 per cent a year on their investment.
ALMOST 25 MILLION DOLLARS INVESTED
This company serves more than 31.000 customers, scattered over an
extensive territory in Southern Idaho and Eastern Oregon. It operates
10 great generating plants, and maintains 1,836 miles of transmission and
distributing pole lim-s, besides the many sub-atations and other equipment
which are required to furnish 100 per cent service. AH this property sad
equipment represents an actual investment of approximately 25 million dol­
lars. Of this amount the company o w c h $9,800,000 in the form of notes
and bonds. There is $1,600,(XX) worth of Preferred ¡Stock, sold to secure
money for development, and on which a iixed rate of interest must be paid.
Then there is $15,000 000 worth of Common Stock representing the invest­
ment of a great number of individual«.
THINK OF WHAT THIS MEAMS
Here ¡3 a system that costs 25 million dollars, famishing a
service which is absolutely necessary to the development
of the state. It is the property of a great number of
people who are entitled to a reasonable dividend on this invest­
ment, just »8 surely as the grocer is entitled to a rsaaonabls profit
from his store, or the land owner a reasonable profit from hia
land.
Yet, in 1919, when our earnings were the largest in the his­
tory of the company, the Common Stock dividend amounted to
only 1 per cent interest on the money invested and it waa impos­
sible to pay any more.
LET US SHOW YOU WHY
The Idaho Power Company is required by law to give 100 per ceat ser­
vice to its customers. This means that its entire system must constantly
be maintained in first class condition. It meant that a large sum of money
must be spent annually in order to keep all equipment up to requirements.
Now the state also regulates the rates that this company can charge, aad
the law distinctly states that these rates should be sufficient to provide for
maintenance and replacement and for a fair return on the money actually
invested in the company.
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NOW, HERE’S AN IMPORTANT POINT
ti
Before the stockholders can receive a cent of dividoada, the tost of
maintaining 100 per cent service must be paid out of the earnings of the
company. Then interest must be paid on the notss and bonds ontstandiag;
7 per cent interest must be paid on all Preferred Stock, s fuad for replace­
ment must be provided; and what is left may thsn be divided among the
Common Stock owners.
This system of distribution is nil right. The only trouble is th a t aadar
the preseat rates, there is practically nothing left to divide among the
Common Stosk owners.
STUDY THESE FIGURES.
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The following figures cover the distribution of our income during the
year of 1919:
Total income for 1919................. ........................
91,881,169
Operating expense....................................... $709,136
Taxes............................................................ 224.759
939,391
Balance after paying operating expenses and taxes
Interest owed on notos and bonds........................
•I L
$ 947,464
461,236
This leaves a balance of
. . . . . r . ...................... $ 486.228
Dividends payed on Preferred S t o c k . ..................
61,720
Set aside to provide for replacement of property. -
125,000
Balance left to pay returns on $16,000,000 worth of
Common Stock...................................................
$ 300,008
Figure this out for yourself and you will find that it represents only
2 per ceat earnings on the investment. Ask the banka what they are
charging for the use of money today-
In the table just presented to you, aotice the iteaa mitrked, ‘Set aside
for the replacement of property ” Such a fuad is absolutely necessary, for
all equipment wears out sooner or later, and must bo replaced if tho com­
pany is to continue to operate The Public Utilities Comaiission declared
that $480.000 could be allowed each year to provide for replacement. No­
tice that we are able to allow only $125.000. And ivi spit« of «ur cutting
down on this item we wore able to pay 1 par eent oti tho Cwmmoa Stack.
HAVE YOU THOUGHT OF THIS?
No matter how much the business of this company grow» »■ the futaro,
its business can never be increased sufficiently to make up for tho leaa
years. The rates will always be regulated by law so that th e eempaay
’w»H never receive more than the income allowed for each ourrent year, and
will have no chance to make up former losses.
Now. it is true that, by the action of the Publio Utilities Commission
on Juno 2. 1920. the Idaho Power Company was granted an in creaaa of 10
per cent in its rates, with the exception of cooki.gg and heating chargee This
increase was regarded aa an emergency maaeare and is totally’ iaadoquaU
to meet tho legitimate needs of the company.
In building up its great system, tha Me ho Power Company h u worked
for the development of the coin try as diligently M for its ow a wslfsrs.
But we put this question to you fairly: Ie it right to ssk oar iitockh«W«rs
to continue to use their money for this r-srpose without reeei viag a fair
rate of interest on that m«ney?
Preeent conditions havs forsed ua to ask ths Public U tilities Commis­
sion to allow us an increass in rate«, and it is our purpose to plam i tho cards
fairly on the table aad aak you, our customers, whether we are • ot entitled
to it.
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NOTICE TO CREDITORS
NOTICE OF SHERIFF'S SALE
IN THB COUNTY COURT OF THE
STATE OF OREGON. FOR
MALHEUR COUNTY.
IN THE MATTIR OF THE EiTATE
OF MORITZ UHLICH, Decaaaed.
NOTICE IB HEREBY G1VBN,
That tha undersigoad, Wm. E. Laaa,
baa baaa appointed by the above on*
titled Court, Administrator of the Es­
tate of Moritz Uhlich, deaaaaod, situ­
ated in tbe State of Dragon.
All peraone having claims agaiaat
tha aaid aetata are hereby required to
preaont tha same to tho undaraignad,
at hia ufflee la tha City of Oatario, Or­
egon. dalv verified aa by law provided,
within six icon tha from tho data af the
iaat publication af thla notiaa.
WM E. LBES,
Adminiatrator.
Fit at publication, July IS, 1920.
Last publication, Auguat 20, 1980.
By virtue of an execution duly iaaaed
by the Clerk of the Circuit Court of
the State of Oregon, for Malheur coun
ty, dated the 13th day of July,
1920. in e certain action in the Circuit
Court for aaid stata end county, where­
in J R Blackaby aa plaintiff, recover­
ed judgment againat J. B. McWhirter,
as defendant for the principal aum of
Twenty aix Haadred and Seventy eight
(2678.78) and 78-100 Dollars with in­
terest thereon from July 18th, 1920, at
tha rata of 6 per cent per annum and
for tha further sum of Two Hundred
aad Thirty-five (1236.00) Dollars, at­
torney’s fees and tha further sum of
Sixteen ($16.40) and 40-100 Dollars as
coats and disbursements herein.
THEREFORE. NOTICE IS HERE­
BY GIVEN. That 1 will, on the 28th
day ef August, 1920, at the hour of
1:30 o’clock in the afternoon of said
day, at the North main entrance door
ef the Court house at Vale, amid Coun­
ty and State, sell at public auction, to
the highest end beet bidder or bidders
for eaih, the following described real
property, taken and levied upon aa the
property of eeid defendant, J. B. Mc­
Whirter, to-wit;
Lots Fifteen (15), Sixteen (16)
and Seventeen (17), all in Block
Twenty seven (27) in tke City of
Ontario, Malheur County, Oregon,
together with the appurtenances and
tenements thereon, or ae much thereof
as may be necessary to satisfy said
judgment, attorney’s fees, costa and
disbursements that have or may ac­
crue
Dated at Vale, Oregon, this 14th day
of July, 1920.
H. LEE NOE.
Sheriff,
By C. W. GLENN.
Deputy
Date of first publication, July 28,
19».
Data of last publication, Auguat 20,
1920.
Date of Sale, Auguat 28, 19».
GATE CITY JOURNAL
Aa interoetiag pragram waa given
by the Big Band Bowing Clah girla
for a aaaibor af frionde at a meeting
held at tha hame of tha club loader,
Mra. B. G. Re harts, on tha afternoon
of Augaat ltth. The momhara of the
dab are Marian Reberta, Iran# Brum
haah, Anna Fhelan, Paarl Jateha,
Halaa Hatch, Baaal Hatch, Maria
Tata, ' Mary Samar, Anna Van Baa-
kirk.
One feature af tha program waa a
demeaetration la tha making af vari-
aua atltekaa mead in making aad
deaerating a garment. Catharine Baa-
wall, atate ebampien af tha ceokery
prejact in 1919, gave a meat interest­
ing talk on kar couraa at O A. C. this
summer.
At the concius'oa af tke program
tka Big Band girls served refresh­
ments to tkoir gaasts, among whom
ware tho Kingman Koleny Sawing
slab girla, with their leader, Mias
Floreses Kingman.
It Don’t Pay
to Advertise
if yaa have aal tha goods and prices
ta hack ap what yen print. Judging
by ear aver increasing husinsss aate
owners are fast learning wa give them
a better deal than others.
MILLER and Hors# Shea Tires is ear
big ae!ling line and baak of tksm ia our
exclusive adjustment in oar shop plan,
whereby if either tire prove detective
we will repair It for you—FRBB OF
CHARGB. Can you afford to buy tires
elsewhere?
HEBE AND THERE PRICES.
30x8$ li t grade tu b a s_________8 8.00
30x3 N. S. casings.......... ..............IS 80
Large Ford steering wheal......... 6.00
Sight feed ail gauge for F o r d .. .75
Wa apadalits on Ferd actassoriea and
parti.
Ferd truck air tiraa and whaaia. Wa
can supply yoa at a money saving price.
Bicycles repaird and supplies sold. Qet
ear price lilt.
Parker'a Tire & Tab« Shop
Phone 177
-
Ontario, Or.
Go to the
WWite the Cs-oi I Btore, Caïd-
well, for price list i ton dard Bind- !
ing Twin«, Quality, Length and
Strangth guaranteed. Bale 910.00,
boll $1.00. 5 Gal. randy mixed
int, 316.00, Pare Linseed Oil,
7 -10. white keaea 7èc, nib ,
100 ban, $9.00, pitchforks, $1.85.
a
-
Nyssa Flour
Mill
for
FLOUR & FEED
Chopping
»nd
Grinding
Why Camp in tk« Street?
Phone M R.
Wa have desirable rsaidaneas far
sale, asms aa easy terms.— Millar
SPECIAL NOTICE — All patrons
Haxia, next door to Baak af Nyaaa,
whose bills are past dun are raquaatad
Nyaaa, Oragaa.—Adv.
»30 It
to plaasa call aad sattla, aa I have ob
ligations to meat.
Yours truly,
WANTED—Fat kegs. If you kavo
P. M. WARREN.
any, let aa knew.—Nyaaa Meat Market.
Adv.
A. S. Coates and Ckarlaa Bolton of
French, Idaho, wora in Nyaaa Wednes­
Mrs. N H Nan will da all kinds af
day oa business.
aawiag at reaeoaabl traten.
jt18t
EM *]
PATENTS
tra d e m urks mul copyrights ob ta in «! o r no
[
fee. Send model, sketch®« o r photo« and de-
acrtptlon fo r FREE SEARCH and report
flliu NI»V /vu IIU'H.J .
»» .
—
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—
J *
D. SWIFT & CO.
PATEN T LAWYERS,
^303 Seventh St.,
on patentability.
Washington, D. C.J
Bunk reference*
P A T E N T 8 B U IL D F O R T U N E « for
Invent |
you. Our fr e « booklets tell how, what to
and save you monay. W rite today.
WATCHES, CLOCKS, JEWELRY
■
AND DIAMONDS
.
Repairing «, Specialty
FIFER’S JEWELRY STOSS
Splendid Values
the Men’s Shop
- FROM—
—
Our customers appreciate the splendid
values offered in the Men’s Shop. This is
strikingly evidenced by their response to
such attractive offers as here itemized.
MEN’S KAHKI COVERALL
Kahki Twill cut on improved patterns, ex­
tra roomy. Will give good wear
at $4.50 pair
Wear-Well Canton Flannel Glove, knit wrist. Unusual
valie in knit wrist glove of this quality. Worth more
than we are asking. Per pair
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15 cents
Meadow Bleach Men’s Handkerchiefs
Extra good quality, carefully hemstitched. Yon can
rely upon the market and workmanship.
Priced a t 2 for 25c
Men’s Cotton Half Hose— Fall seamless high spliced
heel and toe, double sole, ‘elastic looping rib top. In
black only, Per pair
25 cents
Remefliber we give you a eaih trade diseouat of 5 per ceat
Idaho Power Co.
Ml
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WILSON BROS.’ DEPT. STORE
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