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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 15, 1920)
2 TIIE MORNING OREGONTAN, FRIDAY, OCTOBER 13, 1920 PLEA TO AID FARMS DENIED BY HOUSTON! Revival of War Finance Cor poration Is Refused. BOARD HEARING SOUGHT Agricultural Delegates Carry Out Plan to Ask Preferential Re discount Rate on Paper. WASHINGTON, Oct. 14. Agricul tural interests carried their fight for amelioration of credit conditions to day to Secretary Houston of the treas ury department. Thv asked for re habilitation of the war finance cor poration to foster exports to Europe and were told by the secretary that It was not in line with good busi ness for the government to extend further credits to Europe which would be the result if the request was srranted. Senator E. D. Smith of South Caro lina and other spokesmen for the delegates in urging restoration of the finance corporation declared in favor f extending credit to Germany. Germany In Championed. "Germany," th senator said, "must live. "I see no reas..n why her bonds should not be accepted." Later the delegates carried out their plan of asking a preferential re discount rate on agricultural paper at a hearing before the full membership of the federal reserve board. They characterized the situation facing the producers djue to the falling market as "alarming" and insisted that one of the main purposes of the federal reserve law was to furnish elasticity of currency for the agricultural in terests In such emergencies. "I ask one specific thing," Senator Smith said. "Give the agricultural in terests a lower rate of discount In this distressing time than you do any body else." Oenrrnl Mretingr Concluded. The delegates emphasized their feel ings at both conferences that if they could obtain some agency for financ ing the credits of Europe and In crease the sale of exports, their plight would be largely relieved. They asked the reserve board to use its In fluence in having the finance corpora tion re-established for this purpose. The general meetings of the agri cultural conference concluded today but a committee representative of each of the 30 agricultural groups will remain until the statement of credit policy In preparation by reserve banks and covering the whole credit situation is made public. This com mittee called tonight on Secretary Meredith and the situation was gone over again. Uectalon Held Approved. Secretary Houston explained that the treasury was constantly In the market to borrow money for the pay ment of current, bills. He told them that the war finance corporation could obtain money only from the treasury and that if It were to loan It meant only that the treasury"s bor rowings would have to be Increased and the government would have to call on the people continuously for more money." Senator Smith declared that If such were necessary, it was the proper course to pursue. He said ho had no objection to another popular loan If the exigency required. Secretary Houston said the decision of the treasury not to revive the war finance corporation had been approved by the president and "nu merous prominent senators and rep resentatives," and general opinion was that the benefits derived from restoration of the corporation would not counterbalance the evil effects It would have on general money mar ket and credit conditions. WILSON POLICIES RAPPED (Con tinned From First Page ) lomatic service, he said, had been "de moralized" by the appointment of men ' s-. me of whom had no other qual ifications than that of being ve.-y iarge campaign conti "tutors." Nation, Facta I roblema. 1 he first task of the nation n working for w.irid p.. ace. he said, was to set its face toward an Interna tional association "under which we may be free to esprBS and rnaintun our own nationalism but In which mutual oommar.cial and trade prob lems may be worked out." He alsi outlined agMn his plan to put the nation's foreign loans S negotlabia to? m. The candidate's Mexican policy was out.ined to a cowil of several tb.au rand at Somerset. Ky, and was re rented in seve -a.1 later speeches. Ho declared democratic campaign speak ers were saying republican vic:rrv mant war with Mexico, but idded that "this campaign scare will not de ceive America a seicnd time." Confidence and tranquillity, he said, would result from the programme he proposed to inaugurate. Referring to Governor Cox's sug gestion that the voters be supplied with copies of the league covenant, the senator showed to the crowd at Oneida, Tenn., a bulky print of the SO, 000-word peace treaty and said that even a reading of the English text would be unsatisfactory, be cause It differed from the French. "Hfart" of Covenant Read. "I hold In my hands," he said, "a copy of the treaty or peace with Ger many and the league of nations cov enant. I got it out today because I noticed In the morning papers that the democratic candidate and some of his ardent supporters are insisting that the covenant shall be printed and made available to all America. "The president so interwove the "Covenant Into the treaty that you would have to print all of it, and even then If you want to understand It perfectly. It would have to be printed In both English and French because It was so written. I wish It might be in the hands of all Americans If they would only read It. But some how I suspect you would be better satisfied if you had just one little section of It. I wiil read you Article 10. the heart of the covenant. And, speaking for the republican party, I am opposed to It for the United States of America." I'onna-stera Get Rebuke. At Danville. Ky., the senator made & speech from an improv'ieed wooden stand on a football field. Members of the Center college football team gave him three cheers and a tiger and then as he began speaking an other group took up the yell with "Cox" substituted for "Harding." Mr. Harding waited until they had .fin ished, and then, shaking a forefinger at tho group, shouted: "I like young fellows to be enthusiastic about their leader, but I want them to be Ken tucky gentlemen and not insist on Interrupting. I respect the man who has his convictions and I respect my fellow Americans who have other party convictions than I have, but when you are real Americans you listen to both sides of the case, espe cially if the one who is speaking Is a candidate for the presidency of the United States." The candidate made 11 speeches to day. ""Our diplomatic service." said the senator here, "has a vital effect on our foreign trade. We have seen a complete failure of the administra tion either to gather or to give to our business men and our people any warning of the coming of the world war. The impending conflict was be ing discussed by European statesmen and diplomatic clerks, but our own state department gave American for eign trade no warning. This may have been due to the fact that the democratic administration had de moralized the diplomatic service by removing from their posts in im portant places practically every trained man and replacing them by untrained men, some of whom had no other qualifications than that of be ing very large campaign contributors. State Department Rapped. "Seldom has any information come from the democratic state department that did not first reach the American people through the reports of our newspaper correspondents abroad. The consular service, built up by re publican genius. Is excellent, but the lack of any organization to collect and digest information about the current political affairs in other countries, has been notorious. "We can find out almost nothing from our government as to the con ditions, social and economic. In those countries which need our he'p and might furnish us with markets. It would be difficult to name a time or a place, a year or a state, which ex hibited more of secret diplomacy. We have tasted to the dregs a policy which humiliates American pride and represents the lowest possible ebb of i government service to the upbuilding;! oi commence upon which our foreign trade must be founded, i "I believe that our first duty, hav ing rejected as we have rejected, the impossible and dangerous betrayal of America as expressed, for instance, in article X of the league of nat'ons. is to set our faces toward an associa tion with the other nations of the world under wiiich each may be free to express and maintain its own na tionalism, but in which the mutual commercial and trade problems may be worked out. I regard such a p-licy as perhaps the greatest contribution that can be made to create bonds for the maintenance of world's peace. w Policy Xfcrmiry. "But this is not enough. We need a complete new policy. The government must serve the people and their in terests; and at the present time its service cannot be efficiently given to assist in building our foreign trade without a reorganization of our state department and our department of commerce. The American business man is confused because both of these de partments are doing over-lapping work and are sometimes coming' into conflict, so that the very person to whom they might give help is re ferred by one to the other and back again. The policy of the state de partment toward American foreign trade may be one policy and the policy of the department of commerce may be another. "There must be an early solution of the difficulty. One possible plan is to place under the state department the determination of policies, the fur nishing of information and the giving of assurance of aid and protection which affect American foreign trade. Another possible solution is that of a special department, sponsored by the secretary of state and the secre tary of commerce, so that we may ef ficiently direct all our energies under one definite programme." iittiiltuiiniinintnuiutniiiiNiuniiitHitijjtiiHNuniiiiHnituiiUHWtitiniuiil iitiiiiiiimiitniiiriunliiiimrmiiiimm' Foreign Debta Considered. Discussing foreign loans he said he had no desire to enforce payment "harshly or importunately." "Nevertheless," he continued, "these debts are, in principle, of the same binding quality as those which were incurred in the form of loans made directly by the people and represented by interest bearing bonds, "It take it for granted, therefore, that these debts will' sooner or later be funded and paid. Meantime, it makes for future misunderstanding to have this matter in its present un settled form. I shall regard it as one of the first duties of the incoming administration to take up the subject of adjusting these great debts and putting them in a form where we shall know exactly what to expect." VEIL- JLIFTED, SAYS JODXSOX Covenant Shorn of Mystery and People Disillusioned. CLEVELAND, O.. Oct. 14. The election of Senator Harding as pres ident was urged tonight by Senator Johnson of California in his second speech under the auspices of the re publican national committee. He also attacked the league of nations and the treaty which embodies it. "Eighteen months ago. when' Pres ident Wilson called the league of na tions the greatest Magna Charta humanity was ever given," Mr. John son said, "and when all of us, with the bloody war on our hands were having a mental reflex, a psychologi cal reaction that was necessary, we welcomed it with relief. "At that time it was treason to denounce it, or to preach American ism and nationalism, but thank God, after a year and a naif it is respect able to preach Americanism again. "Gradually the mystical veil which enveloped the document was torn aside. We had expected war preven tion, but, oh, the disillusionment! The fourteen points of our president were one by one forgotten or Doctors Say Our Clothes Look Fit and Do Fit More than 400 doctors in Portland and a surprisingly large propor tion are trading with us. But is it surprising? A doctor likes clothes the fabrics of which are not doc tored. Score one for us. A doc tor's training develops a hawk's eye for details; a surgeon's sen sitive touch can tell wool from shoddy. He notes the conscien tious tailoring of our clothes as evidence of a sound constitution and -consequent long life. And, finally, who is" better equipped than a doctor -a student of anat omy to appreciate the- niceties of a perfect fit? Portland's exclusive agents for SAMPECK clothes For young men and their fathers, too Washington at Sixth nninniminininiiiiiiinimwimiiiimmininuitiiiniiiimuimiiHui initi! m mm Miniums abandoned to European and Asiatic diplomacy. "We were handed the treaty which divided up the earth according to secret treaties. "The league and the treaty are the same Instrument and inextricably commingled. Where the treaty dis posed the league perpetuates for all time. Every wrongful, wicked, ter ritorial disposition under the treaty of peace, the league and its members are pledged to maintain. "The great question before us is: Under which flag do we henceforth march the polyglot banner of Europe (and Asia, or the Stars and Stripes?" COX DEBATE PLAX SPtTRXED Proposal Not in Keeping "With Pro prieties, Says Harding;. ON BOARD SENATOR HARDING'S SPECIAL TRAIN, Oct. 14. Republ'c an managers on Senator Harding's train announced definitely late today tha: the democratic proposal for a league-of-nations debate between the republican nominee and Governor Cox would not be accepted. Senator Harry S. New, head of the republican speakers' bureau, said he had not yet received tre proposal Bent him by Senator Pat. Harrison, In charge of democratic speakers' Ar rangements, and added: " would not for a moment consider a proposition so utterly absurd." Neither Senator New nor other members of the candidate's immediate party would go into a detailed dis cussion of the subject, but it was said ttat Senator New's position accorded viih that of Senator Harding. The question of a joint debate Is rot a new -one. although broached formally now for the first time, and during the campaign Mr. Harding fre fluently has told his friends that he did tot regard direct debate as a course in keeping with the proprie ties of a presidential contest. The policy of the republican nom inee, his advisers said, has been from the start to develop his views !n de liberate publ'c' addresses. They said trn;ght they saw no reason now to change that policy. Steamer Service to Astoria. Pay and Repay There is probably no advertiser in America with an appropriation adequate to the national opportunity. The adequacy or inadequacy of an advertising appropriation has nothing to do with the finan cial resources of the would-be advertiser. Wrigley spends a large amount for producing sales, and last year, after taxes, this gum com pany made more than four million dollars profit. John Doe, who may wish to compete with Wrigley, should reckon first on what should be appropriated for advertising, and second, on what he can appropriate. Perhaps he can choose a limited sales terri tory and use some intensive methods perhaps he may have more clever sales plans or perhaps he may be willing to wait longer for his returns. Whatever the necessities, start right by thinking right in terms not of your ability to pay, but of the public's ability to repay for an adequate appropriation. B U 1 1 e r i C k Publisher The Delineator ($2.50 a Year) Every body,'s Magazine ($2.75 a Year) The Designer (?2.00 a Year) O.-W. R. R Portland. Ai daily except 6 A. M. No Saturday ni Ascoria 7 P. day, instead & N. steamers now lr ns worth dock, 8 P. M. Saturday, arrive Astoria boat from Portland on ght. Returning, leave M.. daily excent Sun. of 7 A. M. Adv. Boston Drunkenness Decreased. BOSTON. Oct. 14. Arrests for drunkenness here during the. .last court year were 18,143 less than in "o proceaing 12 months, according I to tne annual report of the clerk of th municipal court. The Royal The cleaner for rugs of any kind or tex ture the wide Royal nozzle saves time and 6teps the handy finger grip is always convenient cleans in the hardest places with perfect ease.' FREE DEMONSTRATION Simply call ns by phone. Make your ' own terms. 390 Morrison St. Phone -Main 8048 A New Word for the Dictionary "Red-Rock 99 It's definition: The best cottage cheese that can be made. You'll like "Red Rock" AGAIN! Through Special Arrange ments We Are Enabled to Offer 25, 40 and 50-Watt Tungsten Electric Light Globes 4 for $1 The famous "NILCO LAMP" of standard 5 drawn wire Tungsten Filament comes in 25, 40 and 50 watt and 120 volt. Each globe hand tested and guaranteed. As an ad vertising feature for one day only we are enabled through special price concession to sell a limited number of these electric jrlobes at the astonishingly low Q- ff price of 4 FOR O-L.Ull fjt Sione Sent C. O. D. Delivered No -il Phone or Mn.ll Order Not More Than Knar to Any One Purchaser Bawmrat Section. Here's a Timely Sale of Men's Underwear Standard Makes of Good Quality at Lowered Prices Wool Mixed Shirts and Drawers This Sale, Garment $1.98 Perfect fitting fine wool mixed natural gray shirts and drawers in all sizes, garments of seasonable weight and standard quality in this 'ale at $1.98 Heavy Ribbed Cotton Union Suits This Sale at, Suit $2.49 Well fleeced warm, durable cot ton ribbed Union Suits in heavy weight and all sizes. Union suits that wiil both wear and fit satis factorily in this sale at.... $2.49 ARf,PAIRF'or Men' Black Wool rjl Hill Mixed Socks made with frrar heel and toe All U- First quality, 9Qf PAIR For Men's Heavy Cotton d.Ht r rtlll sock, made nlth block top and white aole All sixes Kirat quality. TJi entire resources of thl store are belns exerted to the utmost in the en deavor to plaoe before you every saving sdvants.se secured through our policy of buying and selling for cash and the con stantly changing- market conditions. You will aivvays nnd our prices as low as. if not lower than, any store in the city. "The Store That Undersells Because rt Sells for Cash" Our wore and mora of nkllled and xrert buvem are constantly nd keenly watch ing even- chatiice in tlir wholesale mar-' ket, quickiy taking full advantaee of every opportunity to plare before you the last word in price lower in jj. Therefore, no matter what your ned inipht be for the home or person, don't make a pinprle purchase before you have investigated our prices. Prices Go Down to the Last Penny In Our Determination to Assure This Store's Patrons the Full Measure of Value in Every Purchase. This space is the voice of the store speaking calmly and convincingly of the store's goods and service, and the frequent opportunities to save money on worth-while things for person and home. For Bargain Friday's Sale we list these splendid offerings. Come and Profit. Come Participate in Friday's Sale of Women's Fashionable FALL SUITS We Have Arranged a Special Showing of Sample Suits and Odd Garments From Regular Stock Lines and Re priced the Entire Assortment at a Third Less Than Regular. You Have Unrestricted Choice at When the economical woman looks about for a suit saving of the most advantageous kind her interest will at once be centered in this unusual offering brought about through a timely purchase of a prominent manufacturer's sample line and a readjustment of our regular stock lines whereby one or two suits of a style or color are to be closed out at an average saving of one-third actual value. Materials are fine Serges, Tricotines, Velours both plain and checked and other equally as fashionable fabrics in navy, brown, Copenhagen, etc. The popular belted and ripple models with silk braid or embroidered trimming predominate. All sizes from 16 to 42 in the assortment but not in each style. Come early for first choice Friday at $14.50. $44.50 Yz OFF IfP"on's Sweaters at $2.98 Choice From Our Entire Stock At this low price we are closing out our entire stock of Women's Slip-On Sweaters. Included are all popular styles and colors in all-wool, worsted and zyphyr yarns they come with plain or fancy yoke and in plain or novelty weaves. All sizes. All on sale at $2.98 Women's Tuxedo Coat Sweaters Reduced to $3.00 In this assortment are to be found all the season's best styles in tuxedo and coat effects they come with plain or bell sleeves regulation or sailor collar with or without belt. Both Wool and Worsted Sweaters on sale at $5.00. Boys' and Girls' Knit Waists 25c Both Cub and M brands in sizes 2 to 13 years perfect fit ting, well taped waists on sale at 25 each. The Princess UNION SUITS For AVomen SizesSl98 Sizes Sl69 Made of combed Peeler cotton yarn with French band top Dutch or low neck sleeveless or elbow sleeve ankle length shown in flesh color only. Manufacturer's Discount of -i - f p , va Brings These bilkolme Comforters To You at a Saving of Just $3.02 At Friday's Sale You Pay Only See Our Third Street Window Display The housekeeper who prides herself on her fine bed coverings will be especially well pleased with these handsome silkoline comforters, for they are extra well made with fine white carded cotton filling and standard quality covering in pink, blue and yellow in dainty flowered styles. They are of full size for double beds and are just 3.02 less than regular at Friday's Price of $4.9.S- None Sold to Dealers Limited Number to Any One Pur chaserA Great Special Purchase Makes Possible This Saving Wool Mixed Cotton Batts HWS1.95 These nice white cotton and wool mixed Batts come in one piece 72 by 90 inches and are two pounds in weight. They come in cartons that keep them clean and fluffy not more than 2 to any one purchaser at the above sale price. Comfort Coveringsrd 25, Brand new Cretonnes and Silkolines in pretty and flower styles in medium colors; also dainty challies in desirable patterns espe cially desirable for comfort coverings. All 36 inches wide and all in this sale at the above low price. New Ribbons! In a Great Showing and Underpriced Sale s y JUST IN BY EXPRESS several hundred bolts of the most beautiful new ribbons in styles and colors that are in greatest demand a wonderfully attractive lot of rib bons secured at unusual price con cessions which enable us to pass to you unmatchable savings. And with the holiday season close at hand this is, indeed, an opportune sale. s Beautiful 7 to 10 -Inch Ribbons This Sale 98c Yd. An unlimited variety of styles and colorings in fine quality Warp Print Taffetas in widths' from 7 to 10 inches both light and dark color combinations. High-grade ribbons considerably underpriced. Ready-Made Hair Bows at 49c Each All Colors, Plain and Novelty Bows of generous sizes in wid? ribbons in plain colors, checks, plaids, stripes and nov elties. 14 to 1 yards to a bow. This Sale at 49 Each. Handsome 8 to 10 -Inch Ribbons on Sale $2.79 Yd. Handsome Jacquard Ribbons es pecially adapted for making Bags, Vestees and fancy work. 8 to 10 inch widths in a full showing of .he most desirable patterns and Morinrs. Strictly high-class nov elties nnderpriced. PARENTS Here Is an Out-of-the-Ordinary Sale Children's Play 3 Suits Suits for $1 Regulation Standard Quality Blue Denim, Fast Turkey Red Trimmed Garments in All Sizes From 2 to 8 Years Surpassing all our previous sales of this character, comes this special offering of two suits of children's regulation styles, first quality Blue Denim Play Suits for a little more than the former price for one. Every garment cut full and well sewed with double seams and reinforcements and neatly trimmed in turkey red and with pockets all sizes from 2 to 8 years. At this sale you purchase with our personal guarantee and at an unusually big price reduction 2 SUITS FOR $1.90 None Sold to Dealers--No Phone Orders $1.00 Will Have a Tremendous Buying Power at Friday's Sale of Several Hundred Remnants of Cotton Goods Chambrays, Cheviots, Percales, Calicoes, Ginghams, $ Cambrics, Jap Crepes, Longcloths, Uannelette, unite and Fancy Voiles, Etc., all go at W S TV. An early visit to this section Friday will give you choice from several hundred Remnants and Short Lengths of all sorts of desirable wash cottons at a sensationally low price $1.00 for choice from Chambrays, Cheviots, Percales, Calicoes, Ginghams, Jap Crepes, Longcloths, Cambrics, Colored and White Fancy Voiles, Flannelettes, etc None reserved. Purchase as many as you wish as long as any remain at $1.00 EACH Each Remnants Selling larly at 2 and 3 This Amount. Rr pa-Times 17Hunch Towels 6 for $1.00 Good quality white Huck Towels finished with fast colored red border, 17x32 inches, on sale Friday at 6 for $1.00 Limit 6 to a customer. 17x34-Inch Huck - Towels 4 for $1.00 Fine White Huck Towels, 17x34 inches, finished with medallion border for initialing, on sale Fri day at 4 for $1.00 Limit 4 to a Customer. Our Store Now Opens at 9 A. M. The Most in Value The Best in Quality Store Closes at 5:30 P. M. Saturdays at 6 P. M.