La Grande evening observer., January 16, 1912, Image 4

TUESDAY, JANUARY 16, 1912.
LA GRANDE EVENING 0BSERVEP4
PAGE 4
TMt OBSERVER
BRUCE bENNIS
Editor and Owne"".
XBtered at the postofflce at la Grande
second-duns niutuir.
8CBSCIUPTI05 BATES. -
Bally, singly copy 5c
ImOjt pet week 1&
OaHv. uer month V 65c
AS ANTIQUATED LAW.
The Sherman anti-trust law has few
defenders among the writers and
speakers who have undertaken to
.present their views concerning? It
.Lawyers, economonlats, business men
and governmental representatives In
the wain have united In condemning It
ts a statute which even If It Hucceedfc
1: the disintegration of the trusts, will
not solve the problem of aggregated
sapltal nor bring any relief. Men
tion has been called to the fact that
it Is a destructive and not a construc
tive force; that it la based upon legis
lation which was designed for an age
in which conditions were entirely dif
ferent than the present, and that it is
not In any sense the kind of legisla
tion that will maintain business order
4t promote the development of a gov
ernmental policy that is best designed
to tiring about the changes which are
deemed necessary to avoid chaotic
iuslnei-B renditions.
Albert J. Boverldge, former senator
Jrom IniVana, labels the antl-truBt law
a "an attempt to fasten onto this most
modern and active of nations the
economic methods of Europe In the
time of King James," and points out
with truth that the Sherman law ha
iuen on the statute books almost a
quarter of a century, yet In that time
"the growth of trusts has been great
er than In any other similar number
of yours In the world's history." He
Arcade
Theatre
Four thousand feet of high, class
Photoplays.
IN FRONTIER BAYS". .Fathe
An intensely interesting plc
' hire. There is such riding as Is
seldom seen In a picture.
"A CONSPIRACY AGAINST
THE KING" Edison
An elaborate and Interesting
film. Indeed, It hasn't a dull mo
ment "THE GREATEST OF ENGI
NEERING FEATS' ...Kalom
Showing the gigantic opera
tions in progress to bring water
to New York City. One of the
greatest engineering feats ever
undertaken.
THE ISLAND OF ST. HIL
DA" Patho
A very lino scenic picture.
"THE MISSING WILL"
Yltngrapli
The .guilty wife, the pretty
stenographer, the missing will
and last but not least JOHN
BUNNY make up this splendid
picture.
"THE PLOT AGAINST TIER
TIE" Knlom
Here Is a good comedy. Ber
tie has trouble but he gets even.
Laura Green Wills, In Illus
trated song production, "MH.
MOON, STOP LOOKING DOWN"
mentloiH that more than one hundred
legal actions, civil and criminal, have
been commenced and decided within
th' t time and at the close "not only
do we see trusts, more numerous and
powerful but the whole people more
,:ouf.!ed as to its meaning and effect."
The re, son la plain. The Sherman law
attempts something as Impossible as
It is undesirable. Its aim is to re
store coin petition -destructive .practi
cal, ftovH take the hindmost competi
tion nstead of constructive co-opera
tlon.
It attempts to cneck the evolution of
economic . development, a procedure
Just as feasible' as turning back the
hands of time.
Mr. Beverldge asks: "Whether the
nolicv of dissolving the trust and re
storing competition by the Sherman
law is or Is not successful, will it
i-flmfifiv nnv wrong the people suffer
from . trust abuses?1 There is no logi
cal argument in answer. It will not
prevent the Issuance of watered Rtock.
reduce the cost of living, neither will
!t prevent industrial combination. He
further oiiestions: "Will it prevent
those malign activities in politics and
leclslation which the agents of trusts
have practiced? On the contrary, that
policy will strengthen the empire of
the invisible government by giving it
greater inducements to protect Itself."
What Is the remedy? The Germans
and the English have answered the
question, the former more thoroughly
than the latter.- They have provided
national control of corporations. Just
as as been suggested by many of the
leading economists and is again , of
fered by Mr. Beverldge. , In both coun
tries they guard against the sale of
watered stock, the greatest evil of the
trusts, by providing ' that securities
shall not be offered to the public un
less they are tangible assets and busi
ness Income to Justify such an offer.
Mr. Beverldge points out that both the
trust laws of the European nations
could be Improved upon to meet Am
erican conditions but he suggests thoin
as the baBls for such legislation.
The main thought in hla contribu
tlon Is in line with the best Ideas which
have been offered by the majority of
writers and speakers on te subject-
governmental control of aggregated
capital and not a disturbing, reaction
ary effort to change the laws of econ
omic evolution, destined to defeat he
cause it offers nothing but disintegra
tion and the promotion of , warring
business forces. The combination of
capital, or the combination of labor,
from the economic standpoint. Is the
conserving of human energy, the more
perfect using of resources, the sim
pler nnd more effective organization
of effort; For these reasons, If the
evils are eradicated, trusts are more
to b desired than the conditions of
ruinous competition. The leglslatlo-i
that is needed is not such as will de
stroy the trusts and defeat organiza
tion, but legislation that will control
them, remove the evila and give to
business and to the whole people a rea
sonable assurance that each Is receiv
ing a "square deal." ,
A real tstato dealer whose anver
tlsement showed an unbuilt street car
line, and a Canadian promoters of i
window screen, company . have . been
convicted of charges of fraud. About
the only safe way to get rich quick
seems to be to stick to lightning rods
and oil stock.
A man who applied for citizenship
pnpers in Pennsylvania admitted that
he never had heard of William Jen
nings Bryan. What a lot of people
there are In this country who would
be almost willing to live. in that man's
home vlllnge.
Before go I us any further with the
A Working Capital of Over
$215,000 00 Inspires Confidence in This Bank
The stability of this Institution, ,
The substantial men bclrnd It,
Its reputation for progreKsiTenoss,
It large loaning capacity,
Its spirt of Accommodation,
have attracted customers whose deposits aggregate over $700,
000.00. Promoto your Interests by allying yourself as a depositor with
this strong and successful Institution.
La Grande National Bank
LA GRANDE, ORECON.
CAPITAL ... $ 100.000.00
SURPLUS . . . 115.000.00
RESOURCES . . . 1,000,000.00
United States Depository
1
A 1 111 11 raM
Concession!
14th
at West's
nual Clearance Sale
An
30 Beautiful Dresses Includ
ed in Our Great
$5.90. Sale
Of Ready-to-Wear Garments
What This Offer Includes
Elegant one piece dresses in great va
riety of colorings and styles. Short and
long"sleeves. All the most popular
materials including Black taffetas, fig
ured foulards, messalines, chiffon taf -fettas,
serges, combinations of velvet
and wool materials. Regular prices
up to $32.50.
ill 'lt"'j
111 11 E " MMK C0MMr 1
2800
$5.90
Your Absolute Choice
$5.90
Another Big Attraction
25 white and colored wash dresses, also white wool
and mohair skirts. Values up to $16.50, your choice
for :. $1-90
See Them on'iDisplay Today
Men Who KnowlValues
are taking advantage of our extraordinary savings
on high quality clothing. Entire line Men's Clothing
reduced 25 to 50 per cent. Absolutely nothing re
served. .
A Few More of the Bargains You Must Not Overlook
Staple apron Misses' long Extra quality Ladies' dress 32 in. Imported 35 e "Never
chock ging- coats ' Turkish tow- Slloos Ginghams Darn"Hos-
90C 16 2-3 cents ACi 12 12 cents
5c yd Each Each $1.49 pr yard 19c pr
Watcb West's IPor
HOcil
9
proceedings, it ought to be made plaiu
that the parcels post will not be for
the benefit of mon who carry home
with them "packages" accumulated
down town during the evening.
If mince meat Is to be made an ar
ticle of exact Ingredients the old re
liable standard nightmaro should be
replaced by pleasant dreams.
Health experts declare that the day
of the cosmetic Is fading rapidly and
that beauty parlors will soon all be
turned into gymnasiums.
The French now think that Mom
Lisa was stolon by an American, but
an American would never hate left
the frame.
The animal that grows the worl
must feel sheepish to find out what
constitutes the middleman's share.
getting a bun on brings no biscuit
home to the babies.
Children Sold for Food.
London, Jan. 16. Starving peasan
try In southeastern Russia are selling
their children In the province of Oren
burg to Klrgez nomads, according to
telegrams published here today. Hun
dreds of people have died of hunger
and fully 70 per cent of the children
In some of the villages have either
been sold or are victims of fearful epi
demics of disease.
Yonng Girl Kidnaped.
Tacoma, Jan. 16. Rita Riley, aged
14, and a daughter of a wealthy North
Yakima rancher, was rescued today
rfom the Berkshire hotel, where It is
alleged she was held prisoner by Chas.
Parker, a theater attache and Howard
Coppek, a cigar salesman. They are
held under J2500 bond as kidnapers.
The girl was turned over to her aunt
here. She was taken to the hotel from
a local theater.
After a Cold Auto Ride
what could be more comforting or exhlleratlng than a nice cup of
Hot Chocolate, which you will always find ready at this season of
the year at our Soda counter? We give It to you pure and cheering,
full of that goodness and nutriment so peculiar to the best quality
of Chocolate. It Is a food, drink and medicine all combined, at low
cost.
Seldsr's
La Grande