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About Roseburg news-review. (Roseburg, Or.) 1920-1948 | View Entire Issue (Aug. 9, 1920)
mn.nwmw mospat. Aravn , io Hou) American Banks riaa rrmn Promote foreign tfrade By FRANCIS H. 8ISSON, Vice-President Guaranty Trust Com. piny or new rone EVER In American commer l clal history has foreign II trade offered tucti opporlu. Jl id nitles aa today. War crip pled Europe Is crying Co us (or food, raw materials and manufac tured products, ine rest or tne ginne. gndlna- Iti former European supply temporarily cut off, haa also been turn ing; to us to meet tne aenciency. American banks are playing lead' ls part In enabling our manufactur ers tod merchants to take advantage cf this opening. The passage nearly lU years afo of the Federal Reserve Act Bide It possible for the first time for tie larger national banks to estnb Uit branches abroad. State legisla te (luce then has similarly permitted some ot our large state chartered In stitutions to take the same step. Tries new avenues to lortune are tfmulitlDg the Imaginations alike of manufacturers and producers of raw nuterlal, big and little But to many the foreign tuarkiit Is In large meusure a new Held. The machinery of Its op eratlon appears a complicated puzzle. In the first place. It Is always more desirable to do business with somebody yon know, or at least someone whom yon know something about, than with in ntter stranger. Where not only Urge transactions, but credit that Is, postponed payments are Involved, this I nothing short of Imperative! When your customer or be who would sell yon goods Is a foreigner yon gen erally want also to know something bout bis country, Its commercial laws and cus oms, Its currency. Its banks. Its chief trade centers, types of Indus try and It ports In short, everything possible thai would help yon to decide wfcheryou want to do business there, either for the moment or permanently. wen-niuippeo Dana, with its organl ntlon for securing, collecting, and making available information of this character, csn render Invaluable assist uce to exporters who are la need of Ma service. GXP Jf-lSSv AT! Jfch f ' VEST STREET-NEW YORK- VAST AMERICAN CARGOES Sj4Wflj-VTli b Srjr- -or mono hons f 1) fi,1tf1ij'is.l'3.d ?r4Li an Avenue for 1 1 i'v-f VffilBr -B1' fa-5' IN THe ORIENT. I U ! 4. fS St t V"77 INTERIOR Of BANCO MERCANTIL AMERICANO- CARACAS, VENEZUELA ONE Of THE PROMOTERS OF OUR TRACE WITH SOUTH AMERICA. Let ns take a shipment of paints and varnishes from manufacturer In tbe United Stutes to dealer Id Unjguay. In tbls transaction, for the sake of Illustration, we will consider that the manufacturer looks after shipping ar rangements, in practice, bowever. shippers generally prefer to entrust their shipments to established forward ing agencies who attend to all these snipping details. In this case all correspondence, or ders and Invoices between the manu facturer and buyer should be written or printed In Spanish. Firms seeking toreign traae anouid employ transla tors. Negotiations are usually opened by a letter of Inquiry from the prospective customer asking for advertising litera ture, Including price lists and discounts for dealers. In replying, It ahould be remembered that from ten days to three or more months are required for mall to reach overseas destinations. It Is desirable, therefore, that the letter should be much more complete than Is the ense of a domestic prospect. Special emphasis should be laid en courtesy In such correspondence. Busi ness men In most foreign countries are not accustomed to the abrupt, matter-of-fact methods of expression gener ally employed between American busi ness men. Wherever practicable, sam ples should be forwarded. The manu-1 facturer snoold fnrntsb the prospec tive customer with bank Kfirn, owier information regarding his Integ- The next step for the manufacturer Is to obtain a credit report on the prospective customer. Reports on forelgo firms are not general! as da. tailed as those furnished by coinmee. clal agencies on arms In the United amies. However, It Is safe to aav that accurate Information Is obtainable on houses In practically every part of the world. In analyzing a credit renort political, economic and other condi tions prevailing In the country of the customer should also be taken Into account. As rule not much Imnor. tsnc can be attached to local refer ences other than banks. We wlM now suppose that the In quirer responds with an order. A staodard shipper's order form should have been mailed to the prospect In Hie reply to the original Inquiry. Par ticularly Important Is a column In this blank calling for the code word for each Item of the order, another code word being nsed for the whole order. A suitable apace Is also provided tor names and references. The goods are now resdy for ship ment. On each case should be stencil ed, among other things, the name of the ahlpper, consignee's shipping mark, and the serial number of the case. Only those marks which are absolutely necessary, and wording which would be understood In the country or destination should appear. Tbe manufacturer now reserves car go space and receives a shipping per mit from the steamship company al lowing blm to put the atlpulated num ber of cases on the steamship's pier ou a certain date. The goods are sent to the pier and the driver Is the shipping permit and also HEAD OFFICE OP AIA SANMINA CORPORATION-IN THE FAR EAST, dock receipt. On delivery ot the goods st the pier the receiving clerk signs the dock receipt. Clearance la not granted until the blpper'B export declaration hits been properly filled out and sworn to before customs officer, notary, or other of ficers. This certificate Includes a com plete detailed statement of the ship ment. Its origin, description of pack ages and Itemized prtcea. It Is pre- lred in duplicate, and after being sworn to the original la retained by the collector of customs. The dupli cate Is then taken to the steamship company with bills of lading ready for signature and la later delivered to the collector of customs by the steamship company. Several foreign countries require AN SANK IN PARI. consular Invoices which mast be pre sented to the consul of the country to wblch the shipment Is destined. The consular Invoice Is signed by the con sul and a fee charged. Uruguay does not require a consular Invoice. In stead a certificate of origin must be submitted to the consul In duplicate for certification. One copy Is re tained by the consul and the other Is submitted to the steamship com pany wltb the bill of lading but la re turned to the shipper. It Is necessary for the ahlpper to prepare from three to eight, or oven more, copies of the bill of lading, the exact number depending on the nuin ber of. copies required by tbe steam ship company, by the consul, and by the shipper respectively. Possession of sny one "negotiable" or signed copy conveys ownership ot the goods. Insurance should be obtained la tbe meantime through 'he shipper's Insur ance brokers. It Is customary to m sure a shipment tor the total amount of the Invoice, plus ten to twenty per cent. In order to protect the party In sured against loss ot forwarding and sundry charges. The Invoice may Include a state ment of weights and measurements, although many manufacturers prefer separate statement ot these Items.' Tbe type ot export Invoice Is deter mined largely by the character of the) business and tbe Ideas ot the export1 manager. Some prefer the ordinary do mestic form, while others use a modi-' Bed Invoice for exports. Advance for ocean freight. Insurance and any other charges are added to the Invoice It tbe amount ot these charges la known at the time the Invoice to rnado ont All discounts should be de ducted from the face of the Invoice.1 Foreign Invoices are generally signed. as In some countries Invoices have no' legal force otherwise. Three copies of the Invoice are made; an original j for tlx bank, one copy to the customer I and one copy for the shipper's flies. In paying for the consignment of goods a foreign draft Is generally em-1 ployed. Let us assume first that the foreign buyer has authorized the American seller to draw, on him or on his bank, a draft, payable at sight, or at 90, W, or 120 days after slght. The seller ships his goods, receives. fmm thm narrtAP th bill of lsdlnSLf snd attaches this, the Invoice or lo-j voices, and bis Insurance policy, to the draft, which he then takes to his bank. If his credit standing and that of bis foreign customer la good. and tbe other circumstances of th case warrant It be may receive aa Immediate credit on tho draft, other wise credit will be given on advice that tbe draft has been paid. Tbe bill cr draft, with Its sttached documents. la promptly sent by tne nana te a branch or correspondent In the city. or at least In the country, wnicn the borne of the bank on whlcb th bill Is drawn. The bill Is then pre. srnted to the bank and. If time bill. Is accepted by It that is, me oans aei cepts tbe obligation to psy It when It comes due. Documents are there-, upon detached and turned over to th accepting bank. In order that It may thereby come into possession 01 um goods en their arrival. If the blU Is, .iirht bill. It Is paid by the drawee i bank Immediately on presentation; It Urn bill. It Is payable pernaps ou. 90, or 120 days after signt, mat ia,i after presentation and acceptance, ir, of course, the draft be drawn on th Importer himself, not on bis bank, it is be who will have to accept It. . In accepting he la likely to write on It, Payable at sncn-ano-sucn oana. A foreign Importer may arrange to pay an American exporter In a dif ferent way. Through bl bank, a branch or correspondent, say, of a N.w fork bank, be may arrange ror. an export credit In New Tort In this case he will direct bis nana to ennrgw his account a given amount and cable the New Tork bank to open a credit to that account In favor of the ex-, porter te cover expected ahtpment of goods. Th exporter, on tne occa-i sloa of sncn snipmeni win men m proper documents to the Now Tork bsnk and draw in tne correct amnunie on the credit that bad been opened In bis favor. finally, the foreign Importer may purchase from his bank a draft on Its American correspondent or horn bank In favor of the American ex porter. This is essentially a chequ In payment. Passion Play Is Presented Again NANCY. France. France's "Pas lion Play." rivaling that of Olierain oergaj, has nponi-d its m ason here after live yiars of war's interrup ts It was given, as It has been lince lliOl, In the Passion theater, nndfr the direction of M. l'ettit, the village priest, with his parishioners as the cast. The play, costuming, verse, music and equipment have been developed and Improved since the pre-war performances. There urn 13 scenes depicting the Tllble Incidents from the Dirth to the Uesurrection. The play runs from a. m. to noon and from 1:30 to Intermissions between the scenes are filled by tableaux representing, prin- clpally, prophetic passages of the Children Cry for Fletcher's H Kind You Have Always Bought, and which has been uao lor over thirty years, has borne the signature of and- has been made under his per- &z?Tjfcs sonal saPervison its infancy. rfi ''VVVV Allow fin nn tn Aetiv vrnii in thto All Counterfeits, Imitations and " Just-as-food " are but Experiments that trifle with and endanger" the health of taunts and Children Experience aKinst Experiment. c What is CASTORIA wstona is a harmless substitute for Castor Oil, Paregoric, 'lS 8nd 'ng Syrups. It is pleasant. It contains "either Opium, Morphine nor other narcotic substance. It Ke is its guarantee. For more than thirty years it haB " wea w constant use for the relief of Constipation, Flatulency, wind Colic and,. Diarrhoea ; allaying Feverishness arising erefrom, and by regulating the Stomach and Bowels, aids Th ifmV!flt,on Food; giving healthy and natural Bleep. Luiiuieu's Panacea The Mother's Friend. GENUINE CASTORIA ALWAYS wears the Sitmature la Use For Over 30 Years 'he Kind You Ham A t w RAimhff Old Testament bearing upon the run ning story. The text, where It Is not that of the Dible, is the verse of various poets and the music Is taken or adapted from various composers. M. Pettit says he has utilized from all sources wherever he believed he I needed to make a beautiful in- j semble. j The naturalness of the players, ! none of whom are professionals, I critics said, was heightened by Arkansas demo crats To Vote LITTLE ROCK, Ark., August 9. The democrat ic primary lu be hvli in Aikuusas tomorrow promises to be one of the muut Interesting and hard fought elections in the hifltory of the There is a bitter contest for the I Neither Specialists Nor Med- the I rnited States Benatorshin. Iherp are I deftness and Ingenuity of the stag- nine candidates for governor, there ing. une or tne difficult things to I are contests for representative In SPENT FORTUNE IN A SEARCH OF 20 YEARS ASK FOR and GET HorEictk's The Original Malted Milk tor Infanta and Invalid Avoid Imitations and Substitutes NOTICE Ob' produce was the Crucifixion, where the movement of the principal de picting Christ on the Cross or, dur ing the descent, might easily be mis portrayed. On the cross, the long white winding shet is draped un der the principal's arms and over the two arms of the cross. The ends of the cloth, floating like wings, add much to the effect and serve their real purpose by enabling the char as'.errf to lower the apparently Inert figure, supported safely as he is, by the cloth under his arms. The play Is to be given each Sun day until the middle of October. o Douglas Co. Man Files As Socialist SALEM. Ore.. Aug. 6. Officials of the socialist party today filed In the office of Sam A. Kozer, secre- ary of state, certificates of nomina tion rif candidates for presidential electors, secretary of stale, dairy nd food commissioner of the pub ic service commission for the west ern Oregon district. The certificates were filed by Al bert Slaughter of this city, chair man of the soclal'i-t party s state convention held In Oregon City July when the nomination were form lly made. The nominee covered In today's filings were Presidential Electors v. s. Pirnaras or Linn ly, B. F. Rk.mp of Douglas co.ity. W. W. Myers of ClackamRS county. Johnson of Malheur county. nd R. R. Ryan df Marlon county. Secretary of state, J. P. Sears, Polk county; dairy and food com missioner, F. J. Vonbehren, Marlon counly, commissioner of public ser ies commission for tne western Oregon district. Otto Nowmann, of Multnomah county. four of the seven congressional dls I tricts, nearly all of the state offices are being fought for, and in every county there are further contests for local offices. Only democrats will be voted for In this primary and in this state the democratic nomination is virtually equivalent to election. The struggle for the nomination for United States senator between Wlllam F. Kirby and Congressman T. H. Caraway has developed into one of tho most acrimonious affairs In the history of Arkansas politics. Kach of the candidates has been un sparing In his criticism of the other's official record. Senator Kirby is filling out the term for which the late Senator James P. Clark originally was nomi nated. Senator Clark defeated Mr. i icine Brought- Relief Till Los Angeles Hotel Man Tried Tanlac, "Those who have not had to suffer in this world will never know how grateful I (eel for Tanlac," said Henry McAvoy. 405 Fifth St. Los An geles, Cal., an employe of the Alex andria Hotel in that city. "It was in 1900 that I suffered a general breakdown," he continued, "and during these twenty years 1 spent a small fortune in my search for health. I went to the best spe cialists in New ork. Chlego, New Orleans and Seattle, I tried every medicine and treat nieiit money could buy, but a little temporary relief was all I could get. Finally. I gave out completely under the strain, null Kirby In the state primary six years , work altogether and thought I would ago, but died before the general never get over my trouble. I had lu uloctlon was h"ld. His death oc-, digestion terribly, my stomach was curred so shortly before the dale of always sotir and I had a heavy, dls- tnc general eieruon niai mere was . agreeable reeling all the time. mo hfnkfit iuxce. Given st the srmory In this city Monday. Sept. . by committee of trainmen. Good time for all. Ott's six-piece orchestra will furnifh the music. Genu f 1.00. ladies free. lot time to hold another primary, and so the democratic state central committee nominated Mr. Kirby as the party candidate. The democratic nominee for gover nor, whoever he is, will nave thr-M opponents In the g-neral election text November. 1 nese already hove been nominated. Wallace Townsend, of Little Rock. Is the regular repub lican nominee, J. II. Blount, a negro educator of Helena will appear on the ballot as the negro republican nomi nee, and the socialists have nomi nated Sam W. Iluesler, of Springdale, "Mjr heart palpitated so bad I thought I had heart trouble, and I would get so weak and fainty I would stagger on my feet and several times I fell flat In my tracks. I was afraid to eat, for It looked like nothing would agree with me, and I had such awful pains and burnings In my chest and stomach, I never got a Rood night's sleep, and get so restless I would have to get up and walk the iloor. I was so nervous I couldn't sit still, and I lost so much weight that at limes I was too weak to walk. "Last September I realized I could hold out no longer, and as I had read a great den) about Tanlac I made up my mind to give It a trial. Well, sir, I begun to improve and in a few weeks all my troubles left me and I had gained fifteen pounds in weight. and from that day to this I have been In the best health I have ever en joyed in all my life. I never have an ache or pain, eat anything I want and don't suffer any bad effects at sll. My nerves arc steady and strong, I nev-i- have a dizzy spell any more and I sleep like a log." Tanlac is sold in Roseburg by W. F. Chapman, and at all leading drug stores everywhere. Distances On New Road Given 0 CITY NEWS Outing nt Hock Creek Mr. snd Mrs. L. Parkhurst and family, Mr. and Mrs. Win. Hlney and family and Mr. and Mrs. Fred Powell left Saturday for Itork creek where they spent the week-end. They re turned to Roseburg late Sunday evening. A most enjoyable time was reported by the party. Tiike Annual Vactlm G. W. Sloper. proprietor of the Roseburg Cleaning snd Pressing works, snd F. Ilrown left today for Winchester Bay, where they will spend soma time enjoying a camping trip. A complete log of the new Pacific highway as it will be when completed throueii the state or Oregon has Itcen compiled by Raymond Walsh, engi neer lu the. state highway depart ment. The log as a whole Is rather for future use and shows the exact distances along tho rout. The dis tance from Roseburg to Portland by the new highway will be 1!)8.4 miles, which figures about train distance. The exact distance from Roseburg to the California state line Is 145.1 inib-s. The distance from this cliy to Portland Is now generally listed as 209 miles, though it. varies ac cording to detours. l-nve Sumlay for Npokniir Mr. snd Mrs. Jos. Shockley left Sunday for Spokane, Wssh., where they will remain for a couple of week.1 looking after business matters. Arundel, piano tuner. PDune 189L. We pay the highest price for Cas cara bark. Derger's Bargain Store. WAT KINS products. 128 W. Lane. Phone 137-L. Stop and reflect great fire from Utile sparks are spread. Be careful with fires. Fires destroy lives, property and food. Be careful with Ore. Insure against loss equip your tractors so they won't set fires. The Cheney Phtmograph, the onlj phonograph made that you absolute ly cannot hear the needle or surface noise on the record, for sale by Oil's Music Store. The big four. Kdlson, Vlclrola, Cheney and So nor a. MENT TIMBER. General Land ' Office, Wasblustoii, D. C, July 3, 1920. Notice Is hereby given that subject to the conditions and limita tions of the Act of June 9. 1 9 1 (39 Stat., 118), sod the Instruc tions of the Secretary of the Inter ior of September 15, 1917. the tim ber on tbe following lands will ba sold August 23, 1920, at 10 o'clock a. m., at public auction at the Unit ed States land office at Roseburg, Oregon, to the highest bidder at not less than the appraised value as shown by this notice, sale to be sub ject to the approval of the Secretary of the Interior. The purchase price with an additional sum of one-fifth of one per cent thereof, being commissions allowed, must be deposited at time of sale, money to lie returned if sale Is not approved, otherwise patent will Issue for the timber which must be removed within ten years. Bids lll be re ceived from citizens of the United States, associations of sueh citizens and corporations organized uuv:er the laws of the United States or any state, territory or district thereof only. Upon application of a quail fled purchaser, the Umber on sny legal suhdlvlston will be offered separately before being Included In any offer of a larger unit. T. 15 8.. It. 1 W , Sec. SI. NE "4 SK!4, fir 14 00 M.. cedar 30 M., NW KEV4, rtr 1S10 M SE14 SE M , fir 850 M., SWU HEM . fir 1740 M., cedar 20 M., NE SWH, fir 1220 M . cednr 30 M., Lot 3, Br 1170 M , HE 14 SW14, flr 1600 M., Lot 4. fir 180(1 M., none of the fir or cedar to be sold for less than 11.1.00 per M. T. 18 8.. It. 1 W., Me. 9, NK14 NE14. red fir 626 M., while fir 60 M., BE 4 NEVJ, red tfr 350 M.; none of the red fir to be old for less than $1.75 per M., snd "one of the white fir to be sold for ess thsn 50 cents per M. T. 18 8., R. 1 W.. Se. 23. NE4 NW14. fir 1700 M.. NW14 NW14. fir 1560 M., SW14 NW14. fir 2090 M., eed.ir 26 M.. SW14 8E14. fir 1640 M , cedar 60 M , SE14 SE4, flr 14 25 M.. cedar 30 M.. NE14 8W14, flr 400 M.. NW14 SW14. fir 8S0 M.. 8E14 8W14. flr 640 M , cedar 10 M : none cf the flr or eedar to be sold for less than 12 00 per M. (Signed) CLAY 7 ALL MAN. CnmrnlselnHer. General Lead Off lea. .