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About Roseburg news-review. (Roseburg, Or.) 1920-1948 | View Entire Issue (March 30, 1928)
SIX ROSEBURG NEWS-REVIEW. FRIDAY, MARCH 30, 1928. An Exclusive Article Exploding a Dangerous Tradition , . 1 No Business Slump in Many Election Years, a Finance Expert Shows Predicts Prosperous 1928 BY BRUCE CATTON NEA Service Writer CLEVELAND, Mar. flu. There Is no reason on earth why u twentieth century American should look on u presidential flection year as a bad year for business, according to Col. Leonard P. Ayres, vice-president of the "levo jiuid Trust company, and one of the most noted business exports in the country No reason except tradition. Col. Ayres believes that the tradi tion ffl now so out of date and din credited that 1!2R should hco no "slackening or timidity on the part "of business. Generally Improves Furthermore, Col. Ayres has fi gures to show that, of the lust 12 national election years, Hix were distinctly better than normal busi ness years. Five were below nor mal, and tlio other wan about equally divided. Thus Col. Ayres concludes that there Is nn natural economic rea son for poor business in a presi dential year; half of the time busi ness Is actually better than usual during the campaign. The tradition of eleetlon-timo depression, ho admits, had a per fectly sound origin. ' "For nearly a quarter of a cen tury, up to 1904," ho says, "each . campaign found some party or candidate advancing somo im pound financial theory. First wo had the 'greenback' mon, then the free silver advocates. In each of thnie election years Iliere was an (Anwii-I.lffl 1'ri'M IflBcil Wire) POltTLAND, Oro. Mill'. 30. FirmnoKK contimtns tn ontur) (ho lorail poultry mnrlcot with suiiplhis of nil cIhksgs of fowl rulhr-r IlKht. Demtintl hnB hoou ncllvti uml villi ,-lncronBO confihloruhly noxt wenlt. (U'nlorH report, espeoially for fat Reno's PW.. yww-." ?!-"' mp .wwwiL.ni .jwwpfww.. vm 1 U W w,j 'gV"?'--- n ' Wlnfleld Park, on an island In the Truck river In Reno became an aquatic spot Sunday, when the river 'brought a wall of water through the city, photo shows the park, In the heart of the city, with the flood waters going over the retaining walls. 6 a.-.,--. It a i Horses and boats superseded swell the Truckee river and flood ft lil Here', scan In the lowland, of Sucr.mentb today, ahowlng tha ponding encroachment upon tha business houses and residences -GENERAL BUSINESS IN ELECTION YEARS g i i - - - f I 1060 10 04 This chart, showing the fluctuations In the volume of national business from 1880 to 1927, bears out Col. Ayres' contention that presidential elections have no constant bearing on the trend of industrial prosperity. The shaded spaces Indicate campaign years. Issue that, if adopted, been bad for business, would have "It was only natural, then, that In those days business men should be timid in election years. "That's whero t li o tradition came from. Business men of to il ii v wnrn hrnni'ht mi nn tlio Idea that each presidential campaign ' heavy hens. Except for clrnRSlnosi In ho heef ctivfttlon, country nient mar kets wero fufrly actlvo today with receipts moderate n it d prices firm. I.lKht hogs anil veal stock wero both with good ilemanil and the markot cleaned up Oilrly well. Downward revisions In butlur prices nt Soattla yestenlaif had o londency to weaken tho iono of the markot hero toiliw hut prices hold steady. Ilocelnts of butter Park Covered by Flood Horse Back on Job in Reno 4 ..'La -.A . i L autcs In Reno, when melting shows In the lowlands. Horses were needed to iiUfWii p t wiiii sjwMssrsjswssirr-iii- ir i ..san When Waters Arose in Sacramento WOO 190 JW year was a time for holding back. The need for such an attitude Is gone, but the attitude, In many cases, persists. In fact, now and less feeling actually does bring about a temporary Industrial let up. Men thing that a presiden tial year will mean poor business. They act accordingly ami It's were heavy yesterdiy nt 10,309 pounds with stornKO holding un - changed at 4,030 pounds. Bgg prices appei. lo have reached tho bottom anil the mar- kot continued steady, .'-ocal pro ducers are netting mor for their eggs than raisers in oihr.r Jii'.r'cts are. according to a prlco Riirvey conducted by tho Pacific Poultry Producers association. Vegetable prices weio mostly oaslor on wholosalo markoU today, thefSlerrat combined with rain to rescue autos stalled in the water. U. NL '- " rising of tho water, with W9G a corres-1 HI3 IKO O? true because they think it Is." Sees Upward Trend Col. Ayres Is confident that 1028 will be a year of industrial ad vances. Such hesitancy as there is, ho believos, Is due to factors entirely separate from politics. "Vhy should business bo hesi tant becnuse of the coming cam-1 sonablo stuff and eommeni:em'.'nt ot tho season on locally grown (produce. Some espccia'iy flnu lo- oil spinach has been anlvln? and was soiling today nt J1.00 nev 20 pound box. Jjocal rhubarb was nMitner com modity which soln to.l.iy ii!0,s(ly around 10. cents per pou ;1. Uioc- coll prices were castor, VmpquaJ Valley offerings selling il 51,25 1.50 per cralo. AltlMUgh lifts qual-; Ity was reported goo 1, li'iads were mostly small. 1 No changes wero quale 1 . pota to prices, local H'nbnr.ks s-Mlh.g at Will Rogers Gives )h inky John D. Rockefeller, distributor of dimes, had the tables turned on him by Will Rogers, incorrigible humorist, when our photographer overtook them making the rounds of the Ormbnd Beach, Fla., golf course. "Have a dime one me," said Will, producing a shining new ten cent piece which was promptly accepted. "But don't spent It all at once." Where a JIHSlw r V ,. a ' ' o .... I "" """"" "r , "Zealandia," at Ashevllle. N. C, as a summer White House. It is above A.heville. overlooking th. picturesque Great Smoky Mountains mlty to th Capital Is thought to be ona of Its chief attractions to the palgn?" he asks. "Not one of the leading parties or candidates is advocating anything 'dangerous. Not one Is advocating anything un sound. "Consider the three candidates who seem to be accorded the best chances by political forecasters Hoover, Smith and Pawes. Would business have anything to fear from any of them? "Each one is experienced In the ways of business and sane In his attitude - toward business. Gov. Smith, for example, has made his career in New York state, where the biggest organizations in the country have their headquarters. He lias not harmed New York's prosperity as governor. "Take Secretary Hoover. HIb entire career has been spent in viewing business from -a national point of view. And vice President Dawes? Ho represents the solid, conservative viewpoint of the great industrial middle west, as ithen It happens that this ground- "Not one of these men Is com mitted to unsound policies as re gards such fundamental matters as the federal reserve system, the tariff.or government ownership. Business has no reason to fear them." Reliable Forecaster Col. Ayres is one of the keenest students , of Industry and finance Hit America, and his annual busi ness forecasts are awaited with Interest everywhere. He is op- $1.50 t while Y.iU'uia and Tics-1 chutes netted geifs moved lightly around $2.00 per cvt. PKTKU: Brown gave a song last night at the charity concert. l'AUL: Ho cant sing. Who egged him on? .PKTKU: I don't know. Brown Is looking for the man who egged him off Answers. "Was that hair tonic you bought any good?" "I'll say it was. I had fur on my tongue the next day." Life. John D. a Dime the Presiddnt May h it I .11 T .1 VIS ii Slfv' i, ,. I - h. MnllriMNnn h nttm nt r.nt I nn9Ffl D Auroa . "not one of the leading candidates is ad-j vocating anything dangerous." timistlc about prospects for the coming year, and concludes: "Business men are fully Justi fied in facing the future with hope and confidence, despite the fact that nominations will be made, campaigns' conducted and a presi dent elected In 1928." GOODBYE FOREVER "I bear the Romer's flea circus got stranded In Allentown." "Yes the leading lady ran off with a poodle.' LIfo. "Justified?" NEA New Orleans Bureau "She was justified: don't prose- cute her " were reported as the dying words of Oakley Harris, New Orleans sportsman and gam bier, after he had named his com mon-law wife, Mrs. Luccina Gutras Haarberg Kelloway (above) as the woman who shot him. Harris died shortly after and Mrs. Kelloway was arrested. A charge of murder was to be filed against her. Mrs. Kelloway attempted to kill herself after shooting Harris, according to ponce, but Harris prevented her; Summer ' -rfaf 7,W. N - "Will ft. 1 mmm swatBfli fi f fix JbsW.iy Vf m.1 -tnLf.1. Dhllln ft Uahu .a .... iki. , : ' ' " ' " ;. atop Beaucatcher Mountain, 500 feet of "the lond of the sky." Its proxl - chief executive. MORCROP FERTILIZER k. EATTLE PORTLANDj sold BY WHARTON BROTHERS PREACHER AND HIS FLOCK WEARS DENIMS (Associated Press Leased Wire) HENDERSON, Iowa. Mar. 30. The Rev. G. I). Noland, pastor of the Christian church here, and several men In his congregation will attend church next Sunday and Sun- days to followed attired in overalls. f - "This Is not to be a show," the pastor explained I mere- ly want the working people to know that my church and ( ale one of them. "I know good men who feel that our present day churche? are on dress parade. It mv clothes keep men away from church, I shall wear plain clothes." "Dr " Louis Clement, chemist and reputed fiance of Margaret Brown, victim of New York's flame slay. Ing, Is sought by the plolce for questioning. This Is the photo of him which the authorities have broadcast. VANCE AND PETTY IN SPARKLING FORM (Aroclnt"l Press tanned Wire) MIAMI, TT!., Mar. 29. Skeptics who have been worrying about the condition of the star mouudsmcn of the Uobins breathed easier to day as a result of tho sparkling form displayed by Hobble's two aces, Vance and Petty. The potent bals of the Braves which shelled the Yankees to cover, wero silenced to a lone blnglo yesterday as the flock took off tho opener of a four game series by 9 to 0. Vance gave one hit In four innings, Petty none in 5. Oh Boy! Smelt r It s smelt season In Oreaon and al Ithe smaller rivers tributary to .nart.H Th. ml s njtltftma ' ! clothes." I . Hunted! ' , I QSnl v 'Jte 4' oy ne minion in spawning time, and . u.ets, dipnets, gunny sac. ; and even bird cages are used to land them.' fobody knows where they jcome from or where they go but the Ye li.i- eating, anyhow, thee Lenten days ., You're Wrong! ',-tS - This is not a picture of a sweet young thingl No sir! It's of Joe Eaton all dolled up for his part in the University of Pennsylvania's forthcoming Mack and Wig Club show. Joe, who hails from New York, is brother to Mary Eaton, rage of musical comedy. Singing Heroine - Passengers on the S. 8. Dullio praised Hazel Wylda, of New Or leans, as a heroine as the shipji docked at New York. Thly told how she maintained quiet among the nervous .audience when fire broke out in the projection room during a movie show en voyage. Hazel, protege of Mary Garden, was returning home from a year's study of music Jn Italy. Are Running! 1 . Is Washinaton. which means that on Columbia, scenes like this are being J.IhIu ff k .kas ,,n .has. rlVCTS ' ' " ... "'.uM-')') i i 1 i Ews-i ml
