East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-07-06

levy on market value of the land;
providing that one-third of revenue
obtained from 'land rent" tax and in
heritance tax shall be placed in what
/ shall be designated as the home
makers loan fund" this fund to be
loaned to home makers in amounts
not to exceed two-thirds of the value
of the land Improvements made; loans
to constitute first lien on land and i'm
provements, except taxes, loans linn
tied to $500 and restricted to proper
ty in excess of $3.50 in value; no in
terest charged on loans for first five
years: loans must be paid within 20
| years.
"Wet'' and "Dry'' Measures Filed.
To abolish discrimination against
home manufacture of light beer: pro-
posed by equal rights for home in
dustry" committee, c. f. S Wood
chairman providing for manufacture
in Oregon Of malt liquors containing
not to exceed four per cent of alco-
hol permitting its shipment outside
the state and restricting sale in Ore
! gon to original packages containing
present amount of liquor allowed by
| law
To prohibit importation Of liquor
for beverages Initiated by oregon
Prohibition State Committee, ]. P.
Newell chairman.
Bill to provide for location of nor
NAL school at Pendleton and validat-
ing location of other state educational
institutions. Initiated by Commercial
Association of Pendleton This meas
ure provides for appropriation OF
$125.OO0 ;or the erection of normal
school buildings and levy of 1-25 OF
mill tax annually for maintenance.
1t also expressly validates the loca-
tions of the University Of oregon, ore
gon Agricultural College, oregon state
Normal school at Monmouth Ashland
Normal School and the proposed Pen
; dletOn Normal
Statewide tax Limitations: initiated
by State Taxpayers League. Restrict.
ing tax levy in state, county, munich
pality or district. so that 1t shall no
raise a greater amount of revenue fol
purposes other than payment of bond
5 ed indebtedness or interest Thereon
I than the total amount levied in th'
? year INN ediately authorized by a ma
jority Of the legal voters.
Rural credits Bill Summarized.
+ Rural credits initiated by the Ore
9 gon Referendum League. Providin'
for loaning credit Of state and incur
ring of Indebtedness to an amount no
: exceeding per cent of assessed val
uation Of all property in the state fol
the purpose Of providing funds to bt
loaned upon the security of farm
lands; authorizing state land board tC
issue and sell or pledge bonds in the
name Of The state to be known as or.
egOn farm credit bonds in an am,
cunt not to exceed per cent Of the
assessed valuation Of all property in
the state. and placing proceeds in
rural credits loan fund, bonds to be
issued in denominations of $25. 800
$500 and $1,000. drawn to mature in
not more thar SO years and drawing
per cent interest annually: author
izing loan Of rural credits loan fund
to farm land owners upon notes Sc
cured by mortgages or deeds of trust,
constituting first liens on such farm
lands in amounts, not to exceed so per
cent Of the lands value: loans re-
stricted to not less than 5000 nor
more than $4,000 to any person: loans
made only to owners who occupy and
pnarata tba lands r,nortvugad o,,d orI,,