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Every Piano Must Be Sold Within the Next Few Days or Returned to the Factory TO DO THAT WILL COST US AN AVERAGE OF ABOUT FIFTY DOLLARS A PIANO, COUNTING BOXING, CARTAGE, FREIGHT AND THE DEPRECIATION WHICH THE MANUFACTURERS WILL CHARGE US. THE SLIGHTLY-USED AND SECOND-HAND PIANOS WE'VE SIMPLY GOT TO GET RID OF RIGHT HERE. DOES THIS LOOK ]Jf©W PItHIOS WOULD YOD BOY LIKE WE MEAN WORTH $250, NOW A GOLD DOLLAR BUSINESS I $139.00 I FOR 50 CENTS cost us a money to re- m turn them to the New York factory, § so we'll sell them here at net cost. q TAKE ONE, TWO, EVEN THREE YEA RS TO PAY for almost any instrument in our store. You know what a brand new EMERSON in the latest 1916 model is worth. Come and take what are left at $164 less. Ask any musician what a FISCHER in the very newest style art case design sells for, then come in and get one reduced $163. Two particularly fine Kracht pianos that were built for the best class of trade, and we say without hesitancy that we never saw finer instruments anywhere. Save $205 and get one now. AN EVEN $350 WILL BUY A BUNGALOW PLAYER PIANO, slightly used, but just like new and fully guaranteed. Some second-hand pianos of standard makes. Well, we will "grin and bear it." They will have to go for what they will bring. If you can't come in right away, phone us and we will send you a list with prices. Out of-town people should phone or wire for list and prices. STORE OPEN EVERY EVENING UNTIL CLOSE OP SALE. E. E. TAYLOR & CO. 309 FOURTH STREET OLYMPIA, WASH. IF you are particular in selecting a home-site "WHY not wear a REGAL, and be particular about your feet? T heßegal-Shoe-Shop STYLE, "PLUS" QUALITY AND SUPREMACY, AT $3.50 TO $5.00 Safe Depoait Building 220 East Fourth Street, Qlympia The Bank of Service 8. Courtesy Safety and Convenience Do you know that nine-tenths of the business or the United State* is done by some form of check? The reason for this is that the banking system of this country has been placed on such a safe basts that corporations and individuals have faith in it. The welfare of the banks depends in a large measure In maintaining this confidence. A checking account with this bank is an absolutely safe prop osition. Your money is safer than it Is in your own pocket and your check is as good as your money In any business transaction. We shall be pleased to have you open a checking ac count' with us. You will find your account to be a safety and a convenience. Olympia National TJie Bank of Service & Courtesy An inheritance tax of $6 was paid the state tax commission this week on the estate of Levi G. Kent, pro prietor of the Kent Kandy Kitchen on East Fourth street prior to his death. The estate was valued at $2,246.70. BHD WEATHER CAUSES HIGHER LUMBER PRICES Enforced Idleness of Mills and Log ging Camps Really an Aid to the Industry. Havoc played by deep snows, rain storms and unusual cold weather ex tending over the entire North Pacific coast, affecting the railroads and the lumber mills and logging camps par ticularly, has not been without a compensating value to the lumber in dustry, say leading lumber authori ties. The pinch felt by mills because of the acute shortage of logs—a situ ation which is without a parallel in the past 10 years—has sent the rul ing prices of car material to a point 30 to 50 per cent above the low level at which lumber for making cars sold last summer. Lumbermen say, however, that the low level of prices paid by the rail roads during midsummer in 1915 were abnormal and in some instances below cost of production, stumpage being figured at a reasonable basis. Here are the figures of prices now offered and paid by the railroads for their car building and construction supplies, as compared with the low est level last summer: Ties, then Jb.ou per tnousand feet, board measure, now $9. Square timbers, 12 by 12, last sum mer selling at $7 per thousand feet, ruling price today $lO per thousand. Car siding (clear), lowest low level of price last summer, sl3 per thou TIIE WASHINGTON STANDARD, FRIDAY. .lANI'AKY 28, ]olt> sand feet, today in keen demand at sl9 and S2O per thousand. Decking, at midsummer prices last year, selling at ,$9 per thousand feet, ruling today at sl3 per thousand. A careful canvass of the situation as to lumber and logging activities and conditions, taking the word of the most conservative operators, sus tains the foregoing figures in detail. The Northern Pacific railway is in the market for between 10,000,000 and 15,000,000 feet of car building material. A few orders have been placed, but the railroad is yet to con summate its largest purchases. Loggers say that there is not an unsold cedar or fir log in Puget Sound waters. For more than thirty days more than 90 per cent of the logging camps of Western Washing ton have been closed down because of the heavy snows and extreme cold weather in the forests of the Puget Sound districts. The moment the weather moder ates, loggers assert, their camps will be reopened. Many camps did re open for a day or two the latter part of last week and the first of thiß, but the snow again forced a shut down. New Price List on Lumber ISSMC-1. Discojr.t sheet No. 7, the new price list of the Northwest lumbermen, is now out. and shows marked advances in prices. The advances include a •ise of 50 cents on common boards, common dimensions and small tlrn hers, and advances ranging from 50 rents to $2 50 on railroad material. The list was adopted a few daya ago end has just been issued to the trade. Asking that the community prop erty be equally divided, Frank Hart man, a Thurston county farmer, has replied to the divorce suit recently filed by his wife by filing a cross complaint asking that the divorce be granted him, charging his wife with cruelty and desertion and denying that he mistreated her. They were married in 1893 and have four chil dren. Rt. Rev. Frederick W. Keator of Tacoma, bishop of the Olympia dio cese of the Episcopal church, and Rev. Frank Dyer, pastor of the First Congregational church in Tacoma, addressed a big meeting at the Hap tist church Thursday evening, in the interests of the Laymen's Missionary movement, a convention of which is to be held in Tacoma February 9-13. PUIN A STATE-WIDE GLU6 Formation of General Chamber of ('oiuniM*ce lo He (<>usi<lere<l at Auburn. Plans for a state-wide Chamber of Commerce which will unite the ac tivities of business organizations of Washington on matters of impor tance to the entire state, will be dis cussed at a meeting of representa tives from the commercial organiza tions, to be held at Auburn, King county, on February 9 and 10. Sec retary H. L. Whit'ng of the local chamber is president of the organiza tion. Secretary of State I. M. Howell has been active in promoting a state-wide chamber of commerce, because he says that much efTort toward adver tising this state and developing tour ist and settlement possibilities has been lost through the rivalry be tween various sections. Oregon, with half Washington's population and one first class city, works together better than Washington with three first class cities and many vigorous smaller cities, all pulling for them selves. Secretary Howell will attend the conference at Auburn and delegates are expected from all of the more active chambers and commercial clubs of the state. E. W. Ferris, state forester and Are warden, who was recently ap pointed postmaster at Mt. Vernon, will tender his resignation imme diately from the state position, his appointment having been confirmed by the senate this week. He has been the recipient of many congratulations from local friends. His resignation was first presented to the state for estry board at Its annual meeting the first of the month but the commis sion declined to accept it until the federal appointment was made. JOHNSON WOULD ROB SCHOOL FUNDS. (From Agricultural Grange News.) An act of congress, approved May 23, 1908, reads as follows: "That hereafter 25 percentum of all money received from each forest reserve during any fiscal year, including the year ending June 30, 1908, shall be paid at the end thereof by the sec retary of the treasury to the state or territory in which said reserve is sit uated, to be expended • • • for the benefit of the public schools and pub lic roads of the county or counties in which the forest reserve is situated. ••• » , As a result of this act there has been paid to the state of Washington 25 per cent of receipts from the na tional forest reserve as follows: Fiscal year 1908 $13,855.31 Fiscal year 1909 16,017.56 Fiscal year 1910 23,671.89 Fiscal year 1911 24,111.36 Fiscal year 1912 31,895.21 Fiscal year 1913 33,109.65 Fiscal year 1914 35,637.54 Fiscal year 1915 37,445.66 Total for 8 years $215,744.12 The agricultural appropriation act for 1913 authorized the setting aside of the road and trail fund, 10 per cent of receipts, for the fiscal year 1912: "That an additional 10 per centum of all moneys received from the na tional forests during the fiscal year ending June 30th, 1912, shall be available at the end thereof, to be expended by the secretary of agri culture for the construction and maintenance of roads and trails with in the national forests in the states from which such proceeds are de rived, but the secretary of agricul ture may, whenever practicable, in the construction and maintenance of such roads, secure the co-opera tion or aid of the proper state or ter ritorial authorities in tho furtherance of any system of highways of which such roadc may become a part." The appropriation act for 1914 contained a similar provision and continued it to subsequent years. The road and trail fund, 10 per cent, for Washington is as follows: Fiscal year 1912 $12,758.08 Fiscal year 1913 13,243.88 Fiscal year 1914 14,255.02 Fiscal year 1915 14,978.23 Total $55,235.21 The fund derived under this pro vision of law is not distributed among the forests according to col lection, but is regarded as a state fund, to be expended on the forests where it appears it will be of most advantage to the state in general. Congressman Albert Johnson pro poses in a bill recently introduced to build a part of the Olympic highway along the western side of the Olym pic peninsula by a loan to the Htate of Washington from the national gov ernment. the total sum to be repaid through a reduction of the school and road moneys paid the state by the forest service. The forest reserves in Washington are located in 25 counties, each re ceiving its share of the 25 per cent forest reserve fund for public schools and public roads. The counties reached by this proposed highway would be three —Clallam, Jefferson and Grays Harbor (formerly Ohe halis). Note carefully the provisions for use of rouii and trail fund which does not revert to counties but may be used where it appears it will be of most advantage to the state in gen eral. Resolution. Whereas, Congress, on the 23rd day i : May, 1908, enacted a law pro viding that 25 per cent of the forest reserve funds s'-ould be paid to va rious states to be expended by the I counties in the state where the for-1 est reserves are located for the ben- ! eflt of the public schools and public roads in said counties; and, Whereas, In the state of Washing ton $215,744.12 has been received from this fund and apportioned to the various counties as directed by the federal statute; and, Whereas, In several of the coun ties of the state, either a very small percentage, or none at all of this fund has been applied to the benefit of the public schools; and, Whereas, Congressman Johnson proposes, by a bill introduced In the House of Representatives, to secure a loan from the national government to construct a section of the Olympic highway through Clallam, Jefferson and Grays Harbor counties, the same to be repaid by deductions from the 25 per cent forest reserve fund ap propriated for use of schools and roads in each county; and, Whereas, This would deprive the people of their Just share of funds for schools and roads for a number of years; and, Whereas, Congress has further pro | vided that 10 per cent of forest re | sources be used for roads and trails, to be expended on the forests where it will be of most advantage to the state in general, thus providing a fund for such highway if it is deemed advisable. Therefore, be it Resolved, That we are opposed to diverting any money from the schools and roads of the respective counties for a highway fund such as proposed in Congressman Johnson's bill. And be it further Resolved, That members and offi cials of the Washington State Orange shall call upon state and county offi cials to make restitution of funds heretofore diverted from Bchools and to see that hereafter a proper distri bution granting the public schools their due proportion of thiß fund is made. And be it further Resolved, That a copy of this reso lution be sent to our members of con gress. (Resolution adopted by executive committee of the Washington State Orange and by the State Federation of Labor.) RURAL CREDIT IN CONGRESS. (By C. R. Cottrell in the Agricultural Grange News.) Excerpts taken from Senate Bill 2986 and House Resolution 6838, introduced on January 4th and 6tli by Senator Hollis and Congressman Moss respectively. This bill repre setns the unanimous verdict of the joint committee on rural credits. The following criticisms are offer ed by C. R. Cottrell, Washlngtn State Commissioner Rural Credit League and National Marketing Committee, of Washington State Orange, Kent, Wash.: After a careful Btudy of the above mentioned bill, the short title of which is "The Federal Farm Loan Act," I fall to find any relief for the farmer from existing conditions, in fact my belief is that were this bill to pass, as a nation we would be tak ing a step backward. To begin with, this bill proposes to establish another complete system of profit-sharing dividend-paying banks known as Federal Land Banks—the creation of a "Federal Farm Loan Board" consisting of five members, appointed by the president of the United States, and who shall receive a salary of $12,000 each, and to hold office for a period of ten years—the creation of National Farm Loan as sociations, together with a multitude of officials, all of whom reeelve com pensation at the will of the Federal Farm Loan Board. This bill would place the farmers in the position of competing with one another in the sale of their se curities, but would not give them any effective competition in interest rates on their loanß. It will not provide an adequate system of credit for the farmers of the United States. It provides tor the division of the | United States (Alaska excluded) into i 12 districts, and these bond Issuing banks will reduce the credit extended to agriculture, and increase the rate of interest paid by our farmers on their farm mortgage loans. It does not establish a maximum or minimum rate of interest for loans. Section 12, fifth paragraph, states: "The rate of interest charged for such loans shall not exceed the legal rate fixed by law for loans by national banks." Under existing conditions the ma-1 jority of our farmers do not makej application for loans unless in finan- | cial distress, and as a last resort,' and, instead of relieving this situa- \ tion, this bill provides that in addi-J tion to giving a first mortgage on his farm as security, he must purchase stock in the Farm Loan association to the amount of five per cent of the fare of the loan. "Said capital stock shall be held by said association as. collateral security for payment of said loan." "Whenever any Farm Loan association shall desire to secure for any member a loan on first mort- PAGE FIVE from th« Federal Land Bank of its district it shall subscribe for and pay for in cash, capital stock of said Land Ilank as collateral security for the payment of said loan." This system of procedure must of necessity work a hardship, inasmuch as the individual farmer must pur chase for cash five per cent of his loan in stock of the local association, and then as a member of the associa tion must stand his per capita of the purchase by the association of 5 per cent of the amount of his loan in stock of the Federal Land Bank. The National Farm Loan associa tions are divided into two clauses, limited and unlimited, and known as Division A and B. Division A— "Shareholders shall be held individu ally responsible and not one for another," and Division B— "Members shall be held Individually responsible, one for another." So called benefit* are equal in both divisions, the only difference being in limited and un limited liability. "Funds transmitted to Farm Loan associations by Federal Land banks to be loaned to its members shall be in current funds, or farm loan bonds, at the option of the borrower or of the Farm Loan association." Of what use are bonds to a farmer if he must sell on the open market to the present Napoleons of Finance who govern the expansion or contrac tion of the present commercial cur rency? Section 13, fourth paragraph, re lates to the powers of Federal Land banks, and they shall be empowered: "to receive and to set apart for ex penses and profits the excess of In terest payments on indorsed mort gages above the Interest payments on farm loan bonds for which said mort gages are held as collateral security, said excess'of Interest in no case to be more than one per centum of the amount of principal remaining unpaid on said mortgages." Why are the profits of this Land Bank specifically provided for? Has not the farmer been exploited theae many years to secure profits and divi dends for bankers and money lenders under the present commercial sys tem? Are we to receive under the cloak of a semi-governmental bank ing institution "relief" in the shape of "more profits" for the capitalist? Seventh paragraph: "To accept de posits of securities, or of current funds from farm loan associations holding its shares, but to pay no interest on such deposits." Why should such an association tie up its liquid securities with s Land Bank or any other bank, and not re ceive a reasonable rate of interact for same? These securities would not be available elsewhere for credit purposes. Section 29: "That if there shall be default under the terms of any In dorsed first mortgage held by a Fed eral Land Bank under the provlslona of this act, the National Farm Lout association or agent through which said mortgage was received by said Federal Land Bank shall be notified of said default. Said association or agent Bhall thereupon be required, within thirty days after such notice, to make good such default, either by payment of the amount unpaid there on in cash, or by the substitution of an equal amount of farm loan bonds with all unmatured coupons attach ed." Is this particular section intended to "benefit" the little fellow who to struggling on his few acres to main tain home and family? He must be come a member of the Farm Loan ae» sociation and land bank and his prop erty is liable as security for any brother member who defaults. How does this question of unlimited lia bility strike you, Mr. Farmer? Section 30: "That every Federal Land bank and every National Farm Loan assooiation, including the capi tal stock and reserve and surplus therein and the income derived there from, shall be exempt from federal, state and local taxation, except taxen upon real estate held, purchased or taken by said bank or association under the provisions of Section 11 and 13 of this act." Why should the capital stock and reserve and surplus of a semi-priv ate banking institution be exempt from taxation, especially state and local? In conclusion, will state that there are many general objections to this bill, and If It should become law it would retard the growth of agricul ture, in place of assisting to promote same, and would work hardships upoa the "little fellow," who Is the back bone of the nation, and whom our government should aim to assist. The bill iB not practical for various rea sons, some of which are: 1. Impossible to administer econo mically. 2. Too complicated for the use of the average farmer. 3. Too many creative depart ments. 4. The establishment, of another system of banking for revenue pur poses. Now, farmers of the United States, 1 have asked some impertinent ques tions, and I wonder if you realise the necessity of your waking up and taking an interest in, and help solve this most important question that in v Ives your future prosperity. Organ ized farmers, you are confronted with a serious problem, and your duty is plain. A letter to my office will bring forth an explanation of how you can assist as an organization or individual in solving this problem.