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About Roseburg news-review. (Roseburg, Or.) 1920-1948 | View Entire Issue (July 16, 1921)
ROBEBOtO NEWS-REVIEW HATTTtDAT, JTXY !, lttf. vanr. PAGE FTO Vic By FRANCIS H. 8I8SON, S' President Guaranty Truat Company of New York. . INCE the beginning of his tory International trade baa played an Important part In the prosperity and progress of all great states. The Phoenicians were traders with far countries more than three thou , sand years ago; the Greeks were eager merchants and sailors, as . well as architects and statesmen; the Roman Empire was a power .: ful economic state. Venice had i her glorious period of trade dom ination, lost when rlrals In Spain : and Portugal overcame her eom ' merdal advantages. The Hansent lc League also bad Its long career " of leadership In commerce and In ' shipping. The Dutch In torn with 3 their skill In manufiicttire and finance and their merchant fleets wrote another brilliant page in this chronicle.' Then Great Britain bean' her series of commercial conquests that led directly to political empire In many countries. The lessons of this record are clearly written for those who study the present position of our own country. The United States, Blessed with resources beyond com parison richer and more powerful than any other, must now take the greaf decision as to her future poli cies. All the weapons for peaceful and legitimate leadership are with in her grasp. The war bas strength ened the United States where she . was weak. Uer merchant fleet em . ployed In foreign trade In 1013 was only 1,010,103 tons. Now It Is sec Nond only to that of tlreat Britain ; and comprises 15,000.000 tons. . Jl - - . .. : J I UlT -wv -w .."-V -.HU"a I ii all nT I I i I NEV YWJK.THftOOGH WMICH MSSES WtAPVY KAtf Of THf IMPOCTs AfJO EXPORTS OF THC COUNTRY Since our earliest days as a na tion. It has been a tradition, carried almost to extreme, that we .should maintain a poultlon of aloofness In International affairs, and tills atti tude has Influenced our policies to wards foretiln trade and shipping, aa well. We have always had a foreign commerce, but never as a primary Interest, as In (ireat Britain and Germany, where such trade has been vital to them for many years. Our own domestic market has been so great that It absorbed by far the greater per centage of our production of every kind and, similarly, the opportu nities at home for the use of capi tal .for the development of our abundant resources have not only absorbed all our own surplus funds for Investment, but have also drawn upon the capital of other countries, Greut Britain especially, to a total of billions of dollars. It Is true that mines Id Mexico, Chile and Peru, the meat freezing plants in Argentina, Uruguay and Paraguay, and the puper Industry In Canada, for example, have at tracted several hundred millions of our-Investments, abroad, but we were heavily Indebted to other countries for cupltul they had loaned to us during ninny years. Today the chnnge In this financial puliation of the country Is very marked. We have rebotiKlit a large proportion of . our foreign-owned securities andV In oddliloii, have loaned about fifteen billions to foreign governments and to munici pal and private creditors, mulnly In European countries. The Federal lleserve Act has given us a forc';-r. h.-.r.Mng organl tatlea. Uut 1 ult oe-.il? for tte needs of onr International po sition and Is constantly being ex tended.. The large American hanks have numerous branches abroad, and In every country then are di rect banking connections with New York, Whatever may be the de velopment of our foreign trade. It will surely be accompanied by a similar growth and strengthening of this great financial organization, upon whose service must rest the orderly and successful conduct of overseas commercial transactions, Now we have all the foundation stones for any International trade structure that we may decide to erect : We have, ah I pa, a world wide banking organization, Illimit able capacity for production of both raw materials and manufac tures, and capital resources fur be yond any competitor. We have ceased to be a debtor nation and. In addlUon to a record of actual fa rornble trade balances of hllllrns for the lust two or three years, we shall have an Invisible export rep resented by Interest on the vast sums that have been loaned abroad. High prices have heeu an Impor tant factor Influencing this wou derful record of , exports, but In spite of that element, the figures of our present trade disclose an un usual story of commercial activity. Vastly Increased capital, ample shipping, and an enormous foreign trade were all the Immediate result of the stimulus of the war, com bined with our exceptional re sources as nn agricultural and manufacturing nation. We are now at the parting of the ways, Whut are to be our policies In this new relution which we hold In the world ot trade? All of the elements required to control and eiteno' our commerce are at our remained Are -we !u th mood to A NITRATE YAW) IN CHtLE- 'ANOTHtR FOREIGN INOuSlRY -THAT IS A0SOrBKMS LARGE AMOUNTS OF AMERICAN PI ML scire this greatest of all our op portunities? In fact, we must go forward, or we shall liipvltuhly lie forced. to retreat from our present position with heavy losses all along the line In shipping, banking and trade. We are already vigorously challenged by competitors In for eign markets, A courageous na tional policy of legitimately ag gressive development of all these newly co-ordinated resources for the conduct of foreign (rude Is es sential. Every American merchant, mon ufucturer, banker, farmer or la borer has some stake In this strug gle. Our sales abroad of - two billion dollars' worth of fond prod ucts annually , la a fact of Impor tance to every farmer, either Ii, di rect Interest or In effect upon prices. Exports of two hundred million dollars . worth of tobacco and more, than a billion dollars In value of cotton add force to this ar gument Further, onr vast Industries when fully employed now produce such a surplus over domestic demands that loss of a f'T-V-f; -h t fx t' It WE NOW HAVE A GREAT MERCHANT MARINE TO CARRY OUR INTERNATIONAL TRADE. BY VttXj U surplus would mean serious labor depression. It la no longer true that we can look with compara tive Indifference upon our exports of manufactured articles as com prising too small a part of our total trade to be a. mutter of serious concern when they full ok. For many years the rutlo of exports of manufactures. to our total man ufacturing production haa been In creasing, until now It has reached an amount Hint probubly spells the difference between prosperity and failure In muny Industries. Sales of nearly three ' hundred million dollars' worth ot automobiles abroad arc a case In point, or, for example, the total sales of leather prodsjfts valued at nearly two hun dred million dollars. It is well to examine the recent development of our trade In some detail, tor aa wa study the situation, at every turn we perceive the urgency of a nation-wide comprehension of these facts our need for foreign mar l.ets and, further, our reliance upon foreign sources ot supply of es sential raw materials to keep our factories employed. When we review the course of our foreign trade during the war and since the signing of the Ar mistice, It Is obvious that wa are dealing with a period which Is ab normal, as compared with any period of our peace time experi ence. During the nineteenth cen tury our merchandise trade grew TtcjS.'ly loryr In value. During the years 1013 to 1920, Inelastra, Uila Increase wa tremendous and exports grew to much more rap- . Idly than Imports that we piled up an astoulshltig excess of outgoing goods. Our foreign trad may be con veniently divided Into three large classes: Food-stuffs, including wlieat, dour, meat, fruits, dairy produce, etc; raw materials, In cluding cotton, coal, tobacco, lum ber, topper, due. Iron, steel, leutn er, oil, etc.; and manufactures. In cluding agricultural Implements, textiles, machinery, automobiles, locomotives, and other finished products. Each of these may be further subdivided aa minutely aa the Interested person may desire, but tor tha auke of simplicity we shall consider here only the broad . divisions mentioned. Au effect of the war upon our export trade was an Immediate Increase In the ship ment from this country of food stuffs and of fiulshed manufactures. As European Industry 'turned from Its normal pursuits to tbe produc tion of munitions, .decline took " place In shipments of raw mate rials. Commodities such ss copper wera In greater demand than for-.' merly. - Cotton, which bad com- priced the bulk of raw exports, wss then desired in the finished rat'ier than the raw condition. Durlug 1U10 and 1020, on the other band, lltt major Increase In our export trade is traceable to the demand of the old Industrial na tions for our raw materials snd our foodstuffs, which were needed to re-establish their manufactures. Our shipment of raw materials, es- peclully cotton and tobacco, began to Increase, though copper and steel decreased. At the same time. the exports of foodstuffs and of many manufactures lucreased very rapidly. Imports also grew la the Armi stice years mora rapidly than at any previous time of our history. However, the principal Increase was lu Imports from Latln-Amerl- ' ca and the Orient, rather than In those from Europe. A very large percentage- of tbe total lucrea-te Is represented by raw. materials and foodstuffs, such as hides, rubber, . silks, coffee and sugar. The liupor-1 tat Ion of such articles had been re stricted when shipping was diverted from ordinary mercantile channela ' lo the transport of our army and Its supplies to France. With the return of shipping to its trade routes. Imports of these , artlclea became so large that tha country waa rapidly flooded wUh more than It could consume at high prices. In consequence, these Ira ports have now been practically suspended, and the countries ot which they are staple exports are undergoing severe commercial re adjustment to mora normal trade ' conditions. As Industrial Europe, returns to Its pre-war manufac tures and regains Its former re-export trade,- it Is probable that a considerably larger percentage of our Imports will be from that quarter. TLK CREEK NEWS. is quiet In our little ally since school Is out at the children and young . away . on vacation. . idna Puckett and Eva attending the summer Ashland. . Brewer Is visiting her rs. Frank Hamlin In Pen Mrs. George Puckett are rente of a big boy, who Wednesday, July. 13. ley la Installing a fine 1 stem In his new well nalile him to have all ' tier he needs and also power tor electric lights, as Is having a well drill ome. -. Others who have selves of the opporfu nre a supply of pure lit Ackert. Guy Conley, aid several of the far f town. irs. C. D. r.ulck are vls f county this month. rton, better known as at his home here Tues- tHe was born In New 1850 and had lived In t 40 years. He Is sur ared wife. The funeral Wednesday, under the lae Odd Fellows. bureau cooperative ex lOld a meeting at Myrtle storday. July 23. with 't establishing a branch i The object of the or- to help the farmer mar- ee, eliminating the spec ulator and reduce the high cost of living. The organization is known as tbe Douglaa County Farm Bureau Cooperative Exchange It Is duly In corporated with a capital stock of 110,000 and is now doing business In Roseburg. It is the farmers own exchange and is controlled by them and for them, and will handle all kinds of produce, feed and Imple ments. If yon want to help put a crimp In the solar plexus of old H. C. h. come out to the meeting on the 23rd, and bring your neighbor. Blind Man Will Teach at U. of 0. Ahllnd Instructor will teach at University or Oregon next year it haa been announced. Thomas D. Cutsforth of Riddle, Oregon, and an alumnus of the university, will be graduate assistant In the department of psychology. In tplte of total blindness, he won a reputation for scholarship while a tiident at the university and eon trtbnted In an Important way to the psychology of the blind. Upon grad uation lie became a teacher In the hlrh school at Riddle, Oregon. In addition to 'teaching ancient and modem English and American his tory, civics, biology with laboratory. EXCHANGE MF.ETTXO. There will be a Farm Bureau Ex change meeting held at Myrtle. Creek Saturday afternoon, July 23. at 2 o' clock. All are nreed to attend. Best Game of Season Last Night t Uy C. H. Hilton. .. Everyone who witnessed the ball game last night said It was one of the very best of the season. A little' wrangling In the beginning over Ine playing of Anderson was the only mar. Anderson belongs to the Chris tian team, but the Presbyterian man ager protested him. Home runs have become the order of the day, and Fred Perry was the man of the hour yesterday. A line drive over third base rolled out the gate and across Harvard avenue. Another nil' of sox goes for the hit. First. Christinps, Fisher afe on error, Stephenson singled, going to econd on throw in: Irishman was struck out: Hush doubled: two runs coming over; I'?rry out. Short, first; Mruton safe on -error: Hush scored; Meade singled: Bruton on third: Hel bock flew to Thorne: Pres. rtlchsrd son out. Nee also struck out. Thome out to Lelshman to Bush.- Second, Christians. Anderson struck out; Fisher out Randolph to Sirader: ntopbenson safe on error; Lelshman also rtafo on error; Bush out, Ran dolph to Strader: Pre. Barton out; Anderson to Hush: Randolph flew o Fisher; Watson struck out, but ho lost strlko was a wild pilch and Watson resched first; Stephens hit for two bags to left field fence; Wat 01 scored: Kown slncled. Stephens cored; ritrader out Fisher to llnsh. Third, Chrlsllan, Perry hit lo left field of fence for two bases: Brti 'nn safe on errorr Veade struck out iHelbock singled; Perry scored, but Bruton failed to run and was forced at second; Anderson struck out; Pres. Richardson singled, stole sec-' ond went to third on a passed hall, tried to score on snort passed ball, and was thrown out, Meade to An derson; Nee struck out; Throne out Anderson to Bush. Fourth, Fisher out to Richardson; Stephenson hit for two bases; I.elshman singled; Stephenson out trying to score; Lelshman on second; Hush struck out; Pros Barton out trying to score: Irishman on second; Hush struck out; Pres. Barton struck out; Ran dolph a base on balls, stole second; Watson struck out; Stephens safe on error; Randolph on third. A passed ball allowed Randolph to score, .''.trader struck out. Fifth, Christians. Perry hit a home run through the gate; Bruton nut Richardson to Strader; Meade tingled and stole second and third In succession. Hel bock struck out; Andcrnrth a base on hallB; Fisher out Randolph to 81 ra der: Pres. Richardson singled; A Rirhard'on batting for N-e, bit lntt a double play, Stephenson to Ftsher to Bush: Throne struck out. Sixth, Christians, Stephenson hit for two bases; Lelshman safe on error; ! Stephenson had stolen third and had a fine rhame to score, but waa not, coached; Bush stru'k out; Perryi flew out to Stephens, Stephenson hnd another fine chance to score after tho catch, bul failed to take advantage of It. Bruton struck out. Pres. Barton a base on balls: stole second and third, close di-clslon at third :a wild pitch let him home. Anderson then struck nut Randolph, Watson and Stephenson In a row. and the game ended. Tbe score 1 2 3 4 5 fi R. II. K. Christians ...3010106102 PrvHhys 0201014 46 - Earned runs, Christians 2; Presby terians 1; Two base lilts. Perry, Stephens, Stephenson 2; Hush. Home run. Perry; first on balls, Anderson 3; struck out, Randolph 8; Ander son 10: left on bases. Christians 9; PreHbyterians 3; wild pitch, Ander son 2: first on errors. Christians 6; Preahvterlatia 1: double nlnv. Steph enson to Fisher to Hush; passed ball,1 Barton, Meade 2; Umpire Andy Mat thews. . The postponed games for the com ing week will be as follows: Mon day, Baptist and Kspee; Tuesday, Baptists and Christians: Thursdny, Christians and Kspee; FriCay, Bap tists and Prerbyterlans. r See us. C. Goodrich Tine Borvtce. V. Lockwootf Motor Co. .1 0 First t.'liurcii of Christ, KclcnlUt Corner Lane and Main streets. lervlres are held Sunday morning at II o'clock and Wedm-sday evening at o'clock. This meeting Includes testimonies. 'Sunday school convenes each Sunday morning at 9 : 4 ." . All un to the ace of 20 years are Invited to attend. The reading room In tbe rear of the church building Is open daily except Sunday and holidnys, from 2 to 4 p. ni. The public Is cor dially Invited to attend these ser vices and visit the reading room. Subject of Sunday's lesson Is "Life 0 Look! Rear top curtains with plate glass. Have one Installed. Ford.' Onrag. 44440444444 AROUND THE TOWN Service Garate, Goodyear Tires. Mr. and Mrs. Arthur Giuliani and two children, residents of Urockwuy, have moved to this city to make their permanent home. Look! Rear top curtains with plait glass. Have one Installed. Ford Gurage. .Mr. and Mrs. Lee Wells, of Port lanil. are siiendliis their summer va cation in this city at tho home ol .Mrs. Wells parents, Mr. and Mrs. A. J. Lllhurn. If yon want your old clothes to look like new call Lloyd Cleaning Works. , Dr. and Mrs. II. L. Studley and family will start soon on a trip to Itock Creek about 2T, miles east of I'.oseburg, to spend a week camping and fishing. Eugene Guard. Mrs. C. W. Parker, of Roseburg. was In town Thursday on business She left Kugene In the afternoon to take the train for Portland where she will visit with Monte Minon and family. Kugeno Guard. CHICHESTER S PILLS ( L- C hlawa.(t lUs JTtrasi T) V l""',"- "iri-rrr'.yTVri, lIC ' biAvloxn l'iiM rlu , t si 'J JJ jn-i k.M, a M brt.Siwt. Ai k.lial'M cntu nvrtoirr.nnrvTivUBF $he 'ancy C-, mas i e Usei His Head CY L. CROSBY . 1 -r r "T f TiNMiC, IWryo1- tSZUl r-uMCN'TrcMer) j AND TMM . V 1 TOHRsmffs of nee f-1 i! dH.VerV Fp vVj '' ' OWN YOl'It HOME X ' - , 1 .'. . How would you like to own 4 a home wilb sewer connections 4) and on paved streets, In a real- dence district close In, whore everyone owns their own home? Where there are modern houses green lawns and flowers bloom- lug instead of weeds. Four of our soldiers boys have securod lots, sll In a row, and others are Joining and helping thorn to make this the most beautiful spot in our city. Do you want 4) t to live and enjoy life In such surroundings? If so, see N. Rice for a lot In Overlook Ad- dltlon. . . Roseburg, Myrtle Point, Coquille and Marshfield Stage 7-PsSseiger CsdilUc-8 Cits Leaves Hotel Unipqua 1 a.' m. daliy. Far to Myrtle Point. $.4g. Fare to Coquille, 17.00. , Far to Marshfield, $8.09."" COAST AUTO LINES CET YOUR Dryer Ready For Dryer Stove and Pipe see J. II. SINNIGER Sheet Metal Works 119 Oak Phone 428 -1 "i 4-r