The Seattle Star Newspaper, March 8, 1923, Page 12

PAGE 12 REPORT SHOWS LIQUIDATION * ar reaee * : (EDITORIAL) Tides in Seattle Me The golf-fever season is upon us pa TMUMSDAY mipay A Federal Reserve Sees Drop he lot of time trying to || Market Steady as Eggs Go|) ,.mésows. | ,MANCH » i j ou will soon be spending a lot of time tryi o i om ie hie ’ 4 » in Notes and Deposits swat a rubber pill with a stick, And you will call North Fire High ride Nigh “a9 Further net ation of $32 it a “game é oi 200,000 of discounted bills, more than But if you were compelled to swat rubber pills with 7 offset reanes of 300.0 a 7 be dha oe hal and of $9 sticks seven or eight hours a day to earn your living par * 4 100,000 in United States sec you would call it “work cargo of 2,000 of held by federal reserve banks, > ; 5 < the Isthmian line 4 te Sadly the a Sak Gale All of which goes to show that it isn’t so much : 3 ther x iM F ment issued by the federal re: what you do, as it is the spirit in which you do it. ‘ am 3 . sy 24 Beard as at close of business on Pleasures often pall, and work may be of absorbing P m2 geet ‘ | > . 2 : Marge most « er €4 ey 2388 ae interest. ; vice Heap ; er ae 3 against decreases of $30 emands will probably a rgo here and then proceed to i In discounted bills held By the New Do you make your work a grind or a game that may accumulate ward, Ala to unload railwa | York reserve bank and of $56,700,000 ‘ ? meanw equipment is sald to carr held by the three Eastern reserve ipmen banks and Cleveland abined, Chi | ETABLES one of the largest cargoes consigne MH cago shows an increase of about > Prices Pald Wholesale Dealers to railroad development work 1 $14,000,000, San Francisco an in ‘eu I t B t “ voi tt Alaska AN increase of about $5,000,000 * : ase. 35| mish line, lt loading's general cargo Deposit liabilities show a reduc E I St k D l > m bunches... indie ‘fos 4 federal reserve note circulation a WALL STREET JOURNAL FINANCIAL REVIEW Weumberecal, hothovia, dos : : er like decrease of $13 00. NEW YORK, March &—That portion of the speculat community | Hades Per Me. i. ‘ The motorship Libby Maine, Cap Total cash reserves declined by) which has ts B-short position w th the thought that the re-discous at beeen Nielson, sailed y for Hewat $3,000,000, while the reserve rate, miEht be advanced after Wednesdays close, Von, ax tre ports, She carried a cargo Patio, because of the reduction in| Cerning the hixher ra nat the weekly Pies sacanse Annery supplies and over 100 men Both deposit and note liabilities, but th on spr thru the fin Yakima Gems, ney. erode rv the canneries Me Shows a rise for the week from | Steps Gettin per eee « 75.8 to T62 per cent nduat Rutabegne-—Per sack ' The barkentin i Gold reserves decreased by $2,-| and Studeda Squash Mar PS on | = 400,000. Substantial reases in| Opening p ns ctl | Tamatere—Mex. lug, ropa 2c0enee | L Bold reserves are shown for the| Win, 1a, up * Rubber p| Temipe—Cal, dos. bunch 0 90 )) New York bank, which reported in-|\; Reading, $7 Staten Stool, 108% FRUITS of lumt a Greases of $26,100,000; Cleveland with | VP. » R, ett Bares, B s Up AD Prices Paid Whole Seay) Gncrease of $9,100,000; Philadetphia, | “8” ‘ce 106. up te: Southern Pacific, 93% Apples— = * nd Bosto: 6,000, 00 n pe presse docrenoss thei tha N. Y. Stock Market “ip By $29,800,000 and $13,000, vente ee to the AUants Bpectively, are shown for t rar ary 3. > isco re e Btock High Low Clos ese fan Fran ico American lee Wh A Weather Bureau Report Holdings of paper secured by gov Atl t& Ww a Bar “ ent rel » @rnment obligations decreased during} cy110AGO, March &—Grain prices | Suet “ » | Plarapp ° : ward Phe week from $363,200,000 to $356,-/ were irregular on dull market at| pe Wah 2 aon poreee— ane. . * My 900,000. Of the total held on Febru f the Chicago board of | pooth Panerie My NUTS oe ae ata ary 28, $167,500,000, or 47 per cent, al eatin ete ae matte & fi ' . oe Fytoes Pold Wholesale Dealers ola mn. wl q wernt Becured by U. S. bonds, $2,200,-|Sn the disposition to await the gov ye * Sae eet ie tong « Par #90, or 0.6 per cent, by Victory|ernment crop report. Tho , : . . ns ; 3 es, $178,700,000, or 50.2 per cent, ap Was ROQORTE ‘ ‘ ‘ sane $f | Associated ( treasury not and $7,600,000, was a heavy demand for coe ace 1 te "“ Or 2.2 per cent, by treasury certifi. ne wheat for export ; DAIRY FR | Arrival d-D t dull. Reports that heavy 7 : ‘ DUCTS rrivals an ‘epartures ie, cates, compared with $172,800.000, pments were Rae Ha Prices Paid to Shippers | AMILIVED—March t—Motorship Call Es $2,300,000, $177,200,000 and $15,900, for export caused fractional Hr eae} 5 tertat fornian from Te at 7:40 0 * 000 reported the week before. Receipts were smaller and ? J . de, Seattle Getivery so | ob ~ ae eae renaseniealctnaheenes | s believe the corn run “| % ce . . ahe LA * j ene ise 48 . . Sti ft He Influenced by other grains, oate Hn , a at 646 a , vs |declined fractionally. A f «mall ; Milk—Cwt. to ttle supply ne acoma v lots were taken by local comminsion . , FO. te . 2.36 been laceiy teak ine Geta nested DAIRY PRODUCTS f r Argentino shipments increased ove Prices to Retail Desters that of last week. Batter a) . (tir Mean . . * abe *\" SALLI Me r a = Chicago Board of Trade ‘ ” i vin. bout i Thursday's Quotations ‘ « Juneau f | Schwab Explains New Way | wasa 7™"rraay's,Quetations on, . ¥ ie : sg a May $1a9 HK LS 1 211 to Catch Sucker July 14% Silas 2 . tor ia Fronts 1 » LUuS = 6 My fone Corn % . te BY EDWARD A. SCHWAB May my : a « ste 3 1 NEW YORK, March $—One of |J0!y ‘ iy. “ POULTRY AND MEATS Mig Cahier \ the recently conceived get-rich-quick | ae 2) 2 i78 Prices Pala by Wh ntenale Dealers aa ae York vis. ports, & _ gchemes which has been immensely | May ‘ anu 42% | Ducketave's ta. nr) Sea , ~ eh | Guccesstul 1s based on the “sub-| July *Y ee iif |Brotiers i to 2 thes . ‘te bes 7, “= 1 Fryers tere — Live, 3 _ecription rights” ture. |e eed $8 lensensctive te in Alaska Vessels Suckers in this scheme have been | stay 12.08 , This | teeoetnis ek lance 4] Rehan ri RAR re pe “Fecruited from stockholders in well- |Juiy-... 12.15 | Medium. live, 4% to 44 Tos " southbound, mt 6:49 5 | known, legitimate compantes. Among |x ss a7 ayse Hive, ight, # to 344 Toe. a oes » those recently victimized are stock: | Jul + 13S 1187 t | r a poe ay Se ee | ‘ BI scene c¢ America's targeat |” eh tie Sissisbed br Lace & terven (17 )| Geet hive, oy 9 to 18 a 14 Wessels in Other Forts ; B10 Becond Ave., Senttl Fancy dressed 29] Dus eg Malone ee Cash Wheat | iigh "Lew Close |elginn itt mij ate Mojave ‘The “rights” rose !s new and {tf} oHICAGO, March §—Cash wheat— 10Lae 101.2 iif | has a strong sales appeal becau#! No. 3 red, $1.29%; No. 2 hard, $1.19 | $10 13) < Gividend-paying corporations with | @$1.19%4 re es wi iat 41/8 | strong financial records sometimes a 0 a 12)” Tallot valuable rights to their stock Chicago Car Lots ‘ i he senerys tena 19 118 holders. Tharsday's Quotations 1tkedt | Ves ; a selee a Emotes of “mibecription Weis ae seat i > nso | fer eats ights” start by organizing a pro. tn— Esta. Ltr. | y y. 160-300 the oro 12 Bax "Motion company under a name that | Wt 374 Foreign Securities | POULTRY AND MEATS Beattie via ports, PP looks like and sounds like the: name 5 Weatedass Guskitions |__ Prtees Paid Wholesale Dealers 1 t © of a well-known, established cor-| ire 1 Fornished by Logan & Hiryan Ducks Dressed, per 1 : t : 1s 410 Kecond Ave., Seattle jene—Dreseed, heavy oration. This is to creaté confusion ; ace mie) des | aca ot Dim the mind of the careless reader | q fheasian be, 1931 a Live Sty of letters and prospectuses San Francisco Produce imei: 60) 0 oo a | dave, LIST OF \ Thareday's Quotations © | Hwswian tis, 1919 14" a8 | Rrvere—1 STOCKHOLDERS | Batter—Extras, 42%4¢ 10; prime firats,| French ts 4 a8, [Gute we By some devious means a list of | pecetetras, WiiedS datia pt French ts Rive ctkeey i the corporation's stockholders {x ob-| 23 %e dor.: un British be . > tained. They are canvassed with a | Cheese— raeticey a pe 4 t “0 y P Wetter announcing that they have/ | Britis 52 we ae the right to subscribe to a certain) N. Y. Sugar and Coffee | neir'u “6 mal_—Paney. ire < a Vv Thursday's Quotations stam 4 r z . Ma ‘ rived, str Horace Ne eR Ve) pate ate, rire nt.1s07.31 German W ‘ LIVE STOCK Re aiuee ‘ Fefined, dull; granulated. $4.76@9.15. "| Berlin ts Quotations at Stocky. A Arrived A “rights” certificate is sent, | Cotfee—ttio No. 7 spot, 18@13i4e 1b.; No.| Hamburg ¢iga 15 | Cattte— afr tie via ports Urging the stockholder to “return| 4 Santos, 18% @16e Ib. Prietert is : 30 7 f h S—Arrived, atr Mt promptly, properly indorsed, with | j - Japanese 4 1% ee from Seattle, 7 a.m Femittance attached covering tho| Foreign Exchange [Japanese Yat’ 449. m4 8K dm Ht : | Mumber of shares subscribed to.”| NEW YORK. March & reten ex-| yah eps AE mata come and * elfers NK from fan Francisco, at h d stead Demand st oat ey 4 as Yi a Maniia M f Ms 2 a false {dei e | change opened steady, nand’sterling. | trnited il is ay to £000 r Mantia Maru for Be " alata Mente’ aa hed 04 44.69%; france, $9.0608: lire, $0.0473%: | tinted K 4 , Mh] canners a fs att Morainan Maru for fe 54 nt ‘ke, eee "| Calves a ports, at a } motorship | stockholder will lose a golden op-\ | . fornian for Beattie, at 6 a.m portunity if he doesn't buy imme- |5g———— a2 Foreign Money Status t Townsend March 1 Paawed. ty eetely. {| | Lh a yp hdl Borg 1008 primercial Traxeler’ for Beattie, at + The sucker is confused by this | ' wa econ ye spor hem 6.00@ €.15/9:40 & m.; str Mojave for Beattie, at 10 ® hurry-up canvass. He buys under| | Seattle % | }wormal value Pressnt valos ih He m, 6 ek: the false belief that, ax a stock-| | Clearings . $5,965.929.85 | $4.86 Sterling . to} a holder in an established corpora-| | Balances ..... ..... 1,391,627.50 | ieee ee aot ah tte | Vessels in Port at Seattle ps tion, he has an opportunity not| } ‘ortland | | 19.20 cts Belgian franc | ol smith Cove Terminal—Pier A—Btr Wm. "2 Open to the general public to buy| | Clearings + 4,438,378.00 | | 19.20 ta Swine franc | Nottingham, aetr Wille A. Higgina. additional stock in his own com-|| Balances . ; 661,120.00 | | 18.30 cts......Jtaltan lire... | Pier B—Atr Proaident Jackvon, motor pany, or shares probably just as} Tacoma | 136.80 cts Swedieh krona | Great Northern Terminal—BStr Toyooka valuable, in what he thinks is a| | Total transactions .. 2,7 ‘asta 26.40 cin Norway krone | ie ¥ | nett Pe ec ie seacimeaaliae eS ets Yanish krone | ; 1G Hel rmina 8 Ie Fake ‘‘subscription rights” stock was | wiour—Biends, locals, 43's, Dbl t.09| Pier 14 Usually is sold at $1 a share, with} . A inal | — |" Blends, local, bi ; se | Ptor 11 the promise that it will soon be on/| Financial Flashes |) | are doen i bo 135] Pier, 2 f Tea eat FE the curb market at $10—which never | From James Macfarlane & Co, i gucace Denk. oar tee 1435] pier D—Ate Quegn, appens. Sil Becond Ave | Pape $40 | Union Pacitio Aintnal—Bte Sudbury, at : New Britain, sn Eye ~ HAY, GRAIN | Pacific Const Coal Bunkers—Str Owen. 7 » 1 Hay—Wholesale, | Pacific Const Engineering Works—U. 8 S AFRICA BUYS rm nowernn soem» | MAKES WEALTH ; Wihig sho macys 02; 20 Ralls 90.24, off .26. | Mixed May 29.00|U. 8. Shipping Board Moorings—Str leo DOUGLAS FIR| — witn orders tor 90 targe toco Weatern Washington; must ultl. |S "ieivery, Wholesnie, Bur won" | verado, str Crom Kaya ate’ Dellsht motives, to cost about $4,500,000, mately look to Sts logged-off lands! partey—Whole food, 100's 42.00] ntr Went Hartiana, Weat Ison, atr ae art see (good lumber) ‘pooked on Monday, Baldwin | to supply a large part of its wealth, | molted mn ground, 80°e06'm 025 144a9 | | Wallatord, ate Librien, 8 * Ee the dapnane to report issued) promises to take on $10,000,000 | in the opinion of H. B, Nelson, Wriaa | A OUP ROAr SORA oa sreies os ‘hte| mano, ate Cy of Auckland, str Robin Reine Cepartinent: of commerce.) OY business, “which it ls’ eat” |has just returned from an extended | om yen ed tec 1, 100% ray Building construction approved for A soe Ah. 00] Sa . i ‘adder | mated would be taken on month- | trip thru Snohomish county. |Onte--Whole, feed, 100'n TIA7'00 | Atiantio Street Terminal—str Witltaro, Johannesburg is the highest in eight ly for some time to come. “The country around Arlington js| Rolled and gr und, 70's-80's + 48,00 | Btacy treet Termina U. 8. C. B Dell Years. f : i i ss fe Kprouting, 100'« ie oo} Ww B.C urnalde ee and Gross earnings of Great North. |# 800d example,” said Nelson. “Most | wheat—fecleaned food, 126% 60.90 | Todd Drydocks—Str H. F, Alexander, ate )) ber products into South Africa in| ern Ry. The milly and logging camps are | Chick Feed—100's ; 62:00)| Puget Sound Bridge & Dredging Co. "© 1922 were about 120,000,000 feet. The| February increased 18 Uae eat Mies bh ihe time wilt Chik Mash——100% with 1, MM 64.00 Patterson } demand for building material is good| for month February increase a ha the Sail be 7 AY Nth crewing Ges edt Ey 60.00 oie Jk; ; renal es ews Admiral Sabres A and js improving. ran SSCA ARE CVE CORSOR DORI IDS 115 Tt shar aniacaiit counter oe (aoe matbeciél'a, no'Bs Mee "4100 | Hetfernan's Drydock-—Motorenio ¢ Bem the exports of Douglas fir from} month last year. bf i Re a ogy et Fantini rm. {Rerateh eed 1008 60,00 | West Hoattle Training Station—U ie if Ah, “0. Wahin bs el of pote , Whent—Mixed feed, 80'% 34.00 Engle No, 67 > & the United States to British South F, W. Woolworth Co. Febru: fing or grazing land, too full of|ecenuat Meat 9 |Alasita Ateamahip Mgoringa—Str Valder, Africa in 1922 were 11,586,000 feet] ary sales, $11,220,818; increase t 1, but devoid of {Cottonseed Meal aR crate Bacenaaae e 25 beet tr gas pies; | ehaaehiat8: a stumps pe used, but dovoid of | Cettansred Me 69.00] ate ihe é j a Te jai “nhaks ei $1,193,264. timber, give a mute testimonial to| Linseed O4 Meal . ET ete metiaty Garr esauiiie eres stot showers hy ae fe Associated Dry Goods’ year | man's power of tearing down, It Hean Meal 6.00] bktn Jat ache J. W, | * i Gy ‘fi ae sie s Mirgely be) ended December 31 last reports | remains for man to dixplay his pow. |Wone Mead into} whalers 8 Ear made several monthe cco rat tenet} net earnings equal to 1642 |er of bullding up. Bone—<ranvilatod “an00| a Mapes, # 860 at lower! cents on common: against 10.24 "In this respect it 1s encouraging 87.00 Happy Tho Wed ? $ fox ue preceding year, Company de- |to see what is already being done, 14.00) P. M Hold clares regular quarterly $1.50 |Over 100 families have moved onto Hit for 66 Years Power Men Aividend, logged-off Janda in the district be- 2600! GRIMSBY, England, Mare All-D S Exports of 889,000 barrels of |tween Stanwood = and Ariington | wit i6o0| Mr. and Mrs, hit idbetes, AeA | WAY SESSION) oii fron Mexico in February | Alone. These people are not only and 86, declared ‘the 66th annivor Officers and employes of the Pu-| jy standard Oll of New Jersey adding wealth to the mate by con. ‘a ; . i ne 66th anniver: | Ket Sound Light & Power Co, from represented increaso 191,000 | Verting waste areas into vroductive Wh HAVE & border lino hero, jsary of their wedding tho happiest m Western and Central Washington! barrels over January. fields, but they are building up for!atretching 3,000 to 4,000 miles, trom|moment of thelr lives and Northern Oregon, met Thursday 2 ) themselves as well. ocean to ocean, Canada hay greater : A morning for an all-day session in tho| Report of American Woolen! po tho person who contemplaten | loped resources than we have | aanembly room of the Henry building. | Ye"? ended De sarabet $1, 4 trying his fortune on logged-off | She furnixhes us more raw material German Trades A.W. Leonard, president of the} shows net i ihdee of $9,681,925, | tandy, 1 would way, ‘It In tho sami 1 we furnish her finished prod « Ly company, will deliver an address of | *avlvalent $8.88 4 share lay in anything else; you can suo-| ucts, With such a border, it ls of the Unions Thriving Welcome, He will be followed by w.| onrned on $40,000,000 common | coed it you give Mt your bout effort, | utmost Importance that the bear re HAMBURG, March — §,— Latost H. K. MoGrath, vice president. of.| stock and are willing to build slowly and|tations be maintained,—Represonta statintion show that 15,000,000 Ger. © ficera of the North Coast Power Co. St, Paul January earnings | not attempt too much In the way|tive Demps New York, before} mans or 26 por cont of the popula. and of the Net pioston Sout Util. piataient epee iff pits best ot dani Ed or improvernents | house committee on ways and|tion, now belong to unions, as ‘teg Co, will be formally introduced. for that month in story, at the start.” means. It All Depend Iauleaerrintiareeurematnceenret ocean hoe AY EBRae tas Aalst SEATTLE BUSINESS—Finance, Produce, Shipping, | EGG MEN HAVE SHORT REST SUD News against 7 per cent before the war, POMPE SN PEME INS 9 ebay Mea Aut TEPER e DAT EE Pik ea ry RCH 8 1922 SDAY THI Estate, Building ~ ‘OREGON BONDS ARE DELIVERED Issuance of Bonds !s Huge Task, Says Broker Real ne APERMONEY {Airplane HADBADSTART| = View Colonial Currency Proved aru ruvony oF Poor Medium BUSINESS CYCLES A the theory ¢ of bay P This is the second aliment ¥ nd to be bs pds ° of an article on the federal re find that. during T k, Port nerve banking system by Arthur os andl whe oi , of Oregon Kt. Truax, cashier of the Miret ‘ PT ea National Bank of Seattle. t oa by thernselves and The ny tends to be 29. The bonds had returne and r it t and have the fir Kove ’ b tend to, ha 000 of these bonds, late as money tn thi try. The | precipitate react 1 full,” said public treasury was er 1 the | the The practical tt effected de it t t ¢ Just when tt ent of the $6,004,- to meet r de-| proce too fast 1 it iv maid that it took the “* rc a week to sign did not pa par HIGH COST ur allotment is t legal ten it OF NOTHING t any particular] ‘The high cost of nothir e big The to non intere Li re « T t which t ” od must be 4 » to the many de tax t are of prior to tim ‘ 4 i of the bonds and atu rt their at, a afterwards, all bonds on a at must bt examined for signa- As i wh tures and seals p to payment Money ar T terest’ oc * ich there a ft pparent | it € itaten were one } dred and succems as a por et c fitty t 1 on the entire issue, tase 1 to fers worse xima m be ¢ 1 — veveral t }o) da ir one TAX AMERICAN ¥ Th T raion ADS IN CANADA atiteht | OTTAWA arch 7—An tm m port tax of @ pound on the euene advertising * of Am n BANKS magazine leviéd under the IN JAPAN pre of lution passed by One of the the house of commons after « six- tion in Japan 4 hour debate aper held by the - publica not hope mercial Attach Sis maceith * with the American prod- haaghie to the department of com. |UCt Without such restrictions, accord- egiected covering cde and. cond to Horatio C. Hocken, who in r ral, but athe’ general uced @ resolution a ng up the weak banks ¢ American magazines qre de- sie undue burden upon. the | Yoted almost entirely to fiction of « ph sensational, suggestive and generally Hock demora t n sald. r it criptions st ten dian In shown was Can: suk to npr guise rican magazines’ have ‘eee spe n i. si 00,000 copies are imported anaual Shing Magazines having little or no ad. ures of minor ia be takxed 10 cankeae a : t under the ions of the at ; Japan about 2,000 under. Li 0 resolution je wrote ifr ts « 1 capital of Renate “ he nume | Business Changes eatates, ‘thet they | email Banks ye to t eS RS a to. pay for; |of their credit and stability x Shake fee pbs ea Babcock Angel Lumber Co. have the the nearci! Jand the neceaxity of a | atc then to have legal |ntep ts to f paragraphs rented 4432 and one-half of 4434 | White-Henry-Stuart building and will move from 6529 about March 1. we ewnpapers with |THE STORY f money | OF COPPER paper emis. | tender un The use of copper dates from the bronze age, when men used it, hard. | the pretense of supporting Its | ¢ by being alloyed with tin, for Wertern Electric Co have oe and when out, to depreciate | Weapons and cut fai se in addition to their present space, |!t an fast as they can, get a deal | Its ornamental value either alone or |T°°™ 1148 Henry bufiding. jot {t for a little price and cheat | # ‘d with zinc in the form of brass ‘ $ 3 thelr creditors; and thin is the con-| WAS early appreciated. ‘The ease| Founders} ance x soa 1 H > the northe 1 cise histo of paper-money | With which ft may be y led to| have i f schemes,” its use in many household utenails, | f 5 »-Henry-Stuart building. Laws were pamed in great variety| Tho in the Western world’ it has been displaced tn this use to rome| DURING THE cale xtent by aluminum and 4/108 merchant vessels passed. thru the ir tern countries « as compared with 111 and brass are still almost the only 21, Three of these ves- materials from which dc » ballast and 105 carried made and large q rg value at anyt lke the same ed sheet copper and bras imported. price an for silver lc s Copper deposits are wid The usun} course of events where re tributed thruout the United § HiNs of credit were tsnued wna ass : follows,” raiys White: “(1) & sion the principal mining regions i . i) © =, }ocated in Arizona, Montana, Pesan Utah-and Nevada New Bond Issues ] Be Independent Interesting facts have been com- mean feet vipers pe by the Canadian National - si ailways about the low priced w Joan; (1) Among the new offerings are two| | lands fo. grain growing, mixed tion; (8) repudiation of early | issues of stock land bank! | farming, and cattle raising along in part and the emission of| pond $1,500,000 Louisville «Joint their lines in Canada. Your free c called ‘new tenor.’ Dr, Doug-| stock Land bank per cent bonds J copy of illustrated booklet is wait- oa . nya th ss M ARs ane me had) and $1,500,000 Union nt Stoek | f ing for you. Call or write. at ane time enor, middle ter Land bank 5 per cent bonds. new tenor first, new tenor second The bonds are red by either an oe Rhode Island had an in PUM) first mortgages on farm lands or Canedion National jber of tenors 2 United States government securities, Railways Reltways M2 Second Ave. ‘34 Marquette Bldg. Seattle, Wash. nd from federal, state, Chicago, I. municipal and local taxation. . ‘ » exempt (The next installment will deal with Revolutionary bills of ered: ft and the development of new banking ideas.) New Law Will Help Outlying Districts The passage of the bil street railway | financed on authorizing extensions to be| | the local \mprovement |plan ts heralded as a means for the {rapid development of outlying rest: | dence districts, | Under the new law, owners of 60 |per cent of the property |may petition for a s tension benefited | net railway ox. After a public hearing, the jelty council may then order the ex tension me iperintendent George F. Russell | declared that this legislation would | |xolve the extension problem for attle, Tn many cas stated, th | property owners were willing to pay for the extensions, but the city was | powerless to act he does you no good! ONE TROU ILE with modern man is this: He Js not willing to grow slowly. He wants to bound right Into business and expects to build a permanent success in a very short |time. This cannot be done What coal sells for at the bunkers " means about as much to the average man as & green necktie means to a trolley car, When you neod coal phone us,- 1004 4th at Line very cheerfull we'll tel you nnn exaotly how DANCE “hy Can you much it will DANCH correc If not, take a few cost delivered private lessons in the ern dances \ nan bo and eat tis haere atepa, Cited x oth where ou “+ . Raed cat ey \ vis 9027 we noel opular paw the va