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Mail Tribune 100

April 5, 1916

RURAL CREDITS

The plan offered by the Mail Tribune a year ago for providing money at low rates of interest for the farmer has been taken up by the State Grange, and will be submitted to the voters at the next election.

Briefly, the system provides for issuance of bonds by the state and the lending of the money so secured upon improved lands at a low rate of interest.

The plan provides that state 4 percent bonds be sold at par, the proceeds either to be at the lowest possible rate to meet the bonds, or at a fixed rate of 6 percent.

The Grange opposes charging more than enough to pay the principal and interest of bonds, but the Civic league of Portland wants to lend at 6 percent and put the profit in the school fund.

The Mail Tribune trusts there shall not be such a conflict between these two organizations as to cause two measures to be submitted, and as an original advocate of such a plan, urges the subject be considered in a spirit of compromise. The difference is not vital and is not a matter of of principle.

If the farmer can get money at 4 percent he can pay more school tax. To increase our irreducible school fund, why not try an income tax and increase inheritance taxes?

ASHLAND AND VICINITY

  • J. J. Cambers returned home last Saturday from a trip to his Buck Lake ranch. From Deadwood, both going and coming, the journey of 34 miles from here was made on snowshoes. On the home stretch the distance was covered in one day. Cambers still believes that the logical plan of an irrigation project for this valley on a big scale will ultimately have its source at Buck Lake.
  • E. La Belle, who rented rooms in the Allen block for bakery purposes, has arrived here and is fitting up his new quarters preparatory to active operations along the lines of an up-to-date establishment.