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About Roseburg news-review. (Roseburg, Or.) 1920-1948 | View Entire Issue (Aug. 12, 1920)
Jfwwwmo ifwminiw TwrwiPAT, apoti,t, 11. iiad..p !i Qk fa ffi Wfivtf .. Mirier W-. V lH -.- in -w. X St.- ,B "r SAUM rr- THP DBHI3 frflN"HOPflN : RMCRICRN BRNI- 1 one of Trie fiGcncies . THROUGH WHICH THI." TO By Fkancis H. Sissow Vice-President Guaranty Trust of New York Europe hai not succumbed to it o- rtnic catastrophe. And I believe that wiU not succumb. But Europe must loria' it has never worked in all ill i his lorr When the world really gets down to work again we shall soon cure our easting major economic ills. The sooner Europe recognires that truth, the belter i will be for hir and all the world. When we penetrate to bed-rock fund imentals, we discover that depreciated currencies are due to underproduction of lie necessaries of life; to a dearth of work, rather than a dearth of gold. The nrullic "cover" for paper currencies is merely the accepted symliol of labor, the token of goods produced. It was prin cipally in exchange for goods and scrv-kes-and se rviccs is a synonym for work -that the United States acquired its un prrcedented gold reserve. The betterment in Europe since the war has been due chiefly to the fact that that Continent has been able to command the raw materials of the remainder of the raid aid to bend its energies to the production of essentials to work. Even Soviet Russia is beginning to appreciate the necessity for work. It is mioui to exchange its gold the crys tallized labor of Russia for locomo tim and other railroad material to bring the supplies of food to the urban population. Among the former European bellig erents, Great Britain is in the best po sition. Her industry has made enor mous strides during 1919 and her for eign traders and bankers have made notable progress in the world's markets. The British Exchequer has labored un der difficulties, and, like those on the Continent, has clearly underestimated the necessary outgoes. The elasticity of the British taxation system has, how ever, come to the rescue of the Govern ment to a certain extent and it now seems clear that the record of the com ing fiscal year will be far more satisfac tory than that of the fiscal year just ended. Great Britain is now actually "turn ing the corner." The present fiscal year shows a deficit of several billion dollars a deficit which has had to be taken care of by Ways and Means Advances and Treasury Bills. It is certain thai economies will be rigidly enforced dur ing the coming fiscal year in order that there may be no repetition of this situ ation and that, instead of an increase of the Kingdom's floating debt, there will be a reduction. An excellent beginning has already been made in reducing this floating debt, and also in decreasing the amount of currency notes Government paper money outstanding. In France, progress has necessarily been slower than in England, but there has been progress. No country could id::rc wbat France has undergone and ENGLAND LONDON 15 STILL THE WUHLD5 rlnMPiCIOL. CCfiTCn.- cneflT arciTfliN hus "TunNro Ti-te coarien" in POST-wan ficcouenf SH?Vil i! II fi n H WW !! " 4 I At- V 4 irr'n ii lii ; i -yS I in Mlfia'i'i -JVtli iY i mm"i a n ii ' miii f iimm THE OOunSE.FRBNCe'J STOCIC EXCMOMGE, VJHEUE THE EXPANSION OF THE (ICPUDLIC'S INOUSTniRLflCTICIITICS IS RErLCCTED expect to recuperate in fifteen months. Her two Great needs todav are ade quate taxation and debt consolidation, including, particularly, tne reduction oi the advances by the Bank of France to the Government, in order that the amount of French paper money may be reduced. The yield of existing taxes consistently increased during 1919 and outstripped budget estimates. And as the invaded districts are reconstructed and general economic productivity in creases, the results will inevitably be more satisfactory. Belgium, like France, is today offer ing for subscription a large premium loan in the case of the little kingdom for the definite amount of two and a half million francs to take care of cur rent necessities and reduce floating in debtedness. Like France, too, she is now levying heavier taxes on her people taxes which, as industry continues to increase in productivity, will yield greater amounts. These include heavy inheritance taxes, Belgium is assuredly "coming back," and she is gaining mo mentum every day. There should be no doubt of that in the minds of the Canadian and American publics, whose active interest in Belgium s welfare has been so great during the last five years. ".. Ill af .t h uutz' ";,:. ar . t m. iff ' ".JWjh A k-w-B at r m IsFdaVniM YT II 1 11 RflNwnp frt mi iki. TMflT rouNTnv's PlNONDDl fts m in.. CROTION IS OfliniriG MOMCMTUM CJCRV DftM The two outstanding factors of inter est in the Italian financial sftuation are the status of the Sixth Internal Loan, now being floated, and taxation pros pects. The success of the loan has been beyond the expectation of the Govern ment. This achievement will go far toward stabilizing Italian finance, reduc ing the country's floating debt, and still will enable the Government to cut down the issu? of paper currency. The paper issues, as well as tne total Italian acDt, however, are proportionately- smaller than in many of the other belligerent countries, thanks to fairly heavy taxation during the war. Italy's foreign debt to her allies is one of her greatest financial problems. But Italy now has begun her financial and economic reconstruction in earnest. ..ta.V. ValuakU uset Is thaw which all the world nttds exportable ' labor. The Minister of Liberated Re gions recently reported that there art 100,000 idle workmen in the war devas tated districts, mostly Italians repatri ated by the war. who are Dlannins tet- emigrate to Brazil and Argentina. The continued emigration of laborers and settlers to other countries wiM iutlo to create markets for Italian products. Southern France and Southern American countries especially will be inviting fields iot siauaan emigrant, ine overseas possessions have an area of about foul times that of Italy proper, including tin accessions of territory gained in con sequence of the recent war. These of fer important industrial and trade pos- ' sibilitics which will make possible the development of a great industrial na tion. With a debt of 50 billion dollars, rep aration payments in money and in kind, to look forward to, amounting to tens of billions, marks at a discount of more than 90 per cent., a shortage of many sorts of raw materials, great insuffi ciency of coal supplies, 50 billioo marks of paper money outstanding, and the tendency to increase rather than to diminish the total with no merchant fleet to bring the greatly needed raw materials and food-stuffs from abroad with these and other unfavorable ele ments iu the situation, the outlook for Germany is indeed discouraging. The only loan floated during 1919 was a dis mal tailure. But the German Government is evinc- . ing willingness to try to meet expenses ' by heavy taxation, including a capital !. levy. And, despite her heavy burden, I believe that Germany will continue to ! "carry on" without repudiation of her I collossal debt, although she has been ' torced to recognize the depreciation of her currency. This she has done by prescribing different rates of taxation, according as payment is made in paper : or in gold coins. Financially and eco nomically, Germany is today all but an exhausted nation. Yet, the Germans are working ten hours a day in many placet and that is the most encouraging fea ture of the German situation. A na tion that will work can eventually over come all economic handicaps. Russia is still in the throes of eco nomic chaos, but even she is awakening io me necessity ior wora ana to a reali zation of the value of gold as a symbol of crystallized labor. It may be years before the Russian people shake off the tyranny ot Bolshevism, but they will do so sooner or later and will again become one of the great nations of the world. f orced by starvation and dire neces sity, Soviet Russia is seeking to trade with other countries. And I am con vinced that the end of Bolshevism and ; the return of sanity in Russia will be expedited if commercial relations are re established with that long-sulfering land. It is interesting to note that the Soviet "factory councils" have been abolished in Russia. While this was a -Bolshevik invention( the idea had spread . even among the anti-Bolshevik workmen : in central and western Europe seeking : a panacea for industrial troubles. It is in full appreciation of these facts, , that the United States should face the European problem and meet the re sponsibilities and opportunities it pre sents. This country is a vast reservoir of raw materials which all the world ' sorely needs j we have the strength, vir ility and dynamic energy of a youthful nation the spirit of the New World. And in helping Europe to rehabilitate it- " self we will help ourselves. Learn Shorthand, 5 Days bbIbba tkBMBs:fv. h. I. SboctbMd. Tborougbl lMvBi tta,Bt- r bb ud ta anBbuilt'B AbBM... tBrB.isl-alB Bliwpl SfWl -BT ham Kit. f B tv iM'llkaaw th wlu.la flratam: ia Maaa la tam down dicta'",, conavraa DM.iaahM. wdavt, . B. Iat aa B paraon talka. a-aribadi kb aaar ability ! am mora Ma. Sfu(,iixft laaoanaibdaMhUtto tfca laMHaW, lb-Si I, !! P, M.-l Tart. ft. V. NOTICE OK SAI..E OF. GOVERN- j MENT Tl.MIiEn. General Land : OSiee, Washington. D. C, July 3, j 1510. Notice Is hereby given that subject to the conditions and limita tions e: ;"e Act of June 9, 1916 (!s Stat., 2iS, and the Instruc tions of the Secretary of the Inter ior of Septemher 15, 1917, the lim ner on the following lands will be; old August 2J, 1920, at 10 o'clock m.. at public auction at the Unit M States land office at Roseburg. Ottfon. to the hiRhest bidder at not than ;ha appraised value, as ttown by this notice, sale to be aub Wt to the approval of the Secretari at he Interior. The purchase price n additional sum of ono-flflh of one per cent thereof, being Jimmiaslnns allowed. must be "Posited at time of sale, money to " returned if sale is not approved. Uerwlse patent will issue for the wntier which must be removed inln ten years. Bids will be re wired from citizens of the United tes. associations of such citizens no. corporations organized under s of the United States or anj ute, torritonr or dial rift ihartvn! s-urruaser, tne timber on any; M1 subdivision will be offered "Wrately before being Included if "r offer of a larger unit. T Vi' ,,r 1400 M ced" 30 M. HfV afKH- "r lsfl0 M., SEM lTao'u 850 M- sw SE14- fll M2riar..20 M- SW' i . '; M "dar 30 M., Lot 3. Br U, A SKH Sw. flr 100 M.. nh " 1 800 M- none of e 12 a Z. 10 ,ol(1 tor less that old fi; ,none of tne rFd fir to b. . th!1--,rh,,e "r be sold fo- than 1,0 cents per M. T. 16 8. 'nM,v2l',NKW Kw. " . STTU t'rJr I090 M- wdlr 2C "II SFU sim flr 1640 M - 3 WH. flr 400 M ' 40 u Vh' 880 M" SE1 sw. or eS'-rM-i f the h S'i '?be old 'or lese than AxEL;,!?i",'d) CLAT 1 ALL CominBon General Lazf TAXI llltl Vl:il SKiXS. HON'OLl'LU. T. II., August 11. "Jazz" and "hula" Bongs are being megaphoned at the Honolulu docks by one taxicab driver to woo trade coming from the arriving liners. A new traffic rule orders chauf l.'eurs to stand by their cars across me sneer iroiu me uuta. nc chauffeur who had a weak voice. found little business coming to nim until he obtained a megaphone.and through it sang songs to attract the tourists. His il forts were so suc seilul, other drivers. It i said, are considering Introducing music lino their lines. o TALKING BY WIKKI-ESH. lion, announced recently. j worth building In height are grouped Everett Seely. secretary ot the In two rows of four to support an- aasoclation. one of the radio menitennao that cover an aeral surface who reported hearing the Southern about a mile long and a fourth of a Call ornlans talk, attributed the mile wide. . Kach tower weighs 5.10 feat to the size of this aerial, which tons as compared with a weight of dlan side of the Yukon, December 1, : 1S94. FA KM lil KKAU MEKTIXO. is 162 feet from the ground and 120 feet between masts. There are few aerials so large In amateur work, it is said. out i ilfr pity Aiisr. 11. Wireless telephone conversation be tween Los Angeles and Catallna Is land, southern California, has been r,w.irA,i tin hv wireless men here. officers of the Utah Radio Assocla- A WONDERFUL HELP At Two Stages of Life Lydis E. Pinkham'a Vegetable Compound Made Mr. Fair burn Strong And Well. fef. i'mkham's Veivtable Compound before my bahy came when l" acould no longer keep up. It strengthened my back and relieved mo of the dropsical effect which so often develops at such times. It helped me wonderfully. That was my Brut experi ence w'ith the Vege table Compound. Years afterwards 1 took it during the Change of Life and f ot along so well I scarcely ever had to ie down during the dy sid seldom had dizzy fainting spells. I am now well and strong, can do all my house work with perfect ease and it is a com fo.-t to me to be srtile to say to other suffering women, 'Take Lrdia K. Pink ham's medicine and be strong.' I will be glad to have you use my name if it will be the means of Wiping any one." Mrs. R. A. FAlint'SM, owl Orchard Knob Avenue, Chattanooga, fenn. For forty years thia.iauiuuB mot and herb medicine has been pre-eminently successful in controlling the diseases of women. Merit alone could have atoot this teat of time. FIUNCK (iETS WIltKI.IXS. 2.700 tons for the Eiffel tower in Paris which is only a fourth higher than the 1 Fayette structures. The range of the station Is store than 13.000 miles, half way around the earth. Previously the largest French station was that at Lyons PARIS, France. The La Fayette which 'works easily with New York wireless station near Bordeaux, de- daily. signed and erected by American for- o ces during the war has been turn-. "S)l KIKl tiKS" TO IIAXyi KT. ed over to the tTenon government. I BERKELEY, Cal. Aug. 11. 1)0 : Velopinent of farm bureaus of the iwest wlll be considered at a western I session of the American Farm Bu- reau Federation, to be held at fault Lake City, Utah, Aug. 20 and 21. Delegates from eleven states are 3X- pected. i -o I TO HAVE THIItI HOTEL. UTAH SHEEP I'l ItCHASKI. (By Associated P-ess.) SALT LAKE CITY. August 11. Utah sbeep nave oeen purchased by M. Kamaila, coinmHsioner of agri culture of Japan, for abipuient to the Island Empire. It Is the most powerful plant In ex- istance with double the range or tn (By Associated Press.) JUNEAU. Alaska. Aug. 11. Al- Annnnolis Installation. The armls-1 aska'B lodge of "sourdoughs, the tlce found the station half completed 'Yukon order of pioneers, whlrh in and so the completion has been slow ! ludes In its membership scores who the urgent need of it no longer existed. It Is to be used as part of the comprehensive system planned rime north in the gold stampede In 1898. Is to hold a banquet In Seat tle December 1, commemorating the hir ih French service for reaching ' "fith anniversary of Its founding. ail French colonial points by wire- Only pioneers who were In the lest iVukon Valley before July 1, 1899. Eight-towers of structural steel ire eligible. The organization was each within a few feet of the Wol- formed at Foriy Mile on the Cana- mm i .MtaiMSfLisji jsiiaMm fminM nmmmmm wmmm in 49 TACOMA, Wash.. Aug. 11. Rainier national park, near here. Is to hrve a third hotel next year. It was announced here recently, to ac commodate the increasing tourist traffic. The third will be located near Paradise Inn, high up on Ihi side of snow-capped Mount Rainier. All tourist' records were broken at the park this season. OOUltSE IX HMOKIXtJ. STANFORD UNIVERSITY, Cnl., Aug. 1 1. Statnlford's most populnr summer school course this year, In structors said, was a class In smok Inlg, conducted by Proressor Ernest Gail Martin of the physiology de partment at the university's marine station at Pacific drove. The course was given to determine the effects of tobacco. Similar work is being done In eastern universities. lIKi BENEFIT DANCE. Given at the armory In this city Monday, Sept. 6, by committee oif trainmen. Good time for all. Ott'a six-piece archestra will furnish the music. Gents $1.00, Ladles free. Our Want Ads obtain result. New Hair W Growth. . rants rdltd. Many mIim. Cot fnA boa ml BUTALXDatftnr nrf 4 mm wtam . Or fur Hir rr tin J. IUT MITTAIM. Mfr-M. . P., Mow ri 4. Mr-u TT HONOLULU, T. II., Aug. 11. Al tohol for motor fuel is being manu factured here froin m&toriiil left kit! fj).-t-t.i.r.t (. (Jill I'll II I. n nB,(? inunry parts. From every 30 pounds ot waste from the pineapples, two gal lons of alcohol are extracted. .when sturdy pioneers were hewing out a home and an existence in the West, the manufacture oi r I 1 D u.Jr,., was begun. Today the name FULLER stands as the sturdy pioneer in paint manufacturing- on the Pacific Coast a name that has kept faith with quality for 71 years. Made for the Pacific Northwest, FULLER Paint i th beat for your nouse or ouiiaing. W. P. Fuller & Co. . 1849-1920 Northwest Branches at Portland, Seattle. Tacoma, . Spokane, bois If PANNTSfl y'Aj'.irV Look Up a FULLER Dealer in Year Town DON'T DESPAIR If you are troubled with pains or aches; feel tired; have headache, indigestion, insomnia; painful pass age of urine, you will find relief in COLD MEDAL rwHaH Th world'! standard remedy for kMr.e7, livr, bladder and oric add trouble and National Karoftdy of Holland eincc Three ais-aa, all droggiata. Onarantaad. Leek far tb mmmm GmU Htel mm every Urn The Paper with the Lovely Finish THE exquisite texture of Symphony Writing Paper pro vides a splendid writing; aurlaoa. That Is why it is the choice of so many smart women tor their otrnpondenc. Symphony Writing Paper at tit be bad la three finishes and a variety of faahlonable tints. Made up in many sises end shapes, to meet every demand of good taste. May be purchased ly the quire X the pound. Also oan-ysponricnce cards, with envelopes, NATHAN FUULtRTON. Rull Slott.P.iba. Bldf.. Roaebuif 1
