La Grande evening observer., April 28, 1923, Image 7

VOLUME XXVI
V LA GRANDE, OREGON. SATURDAY, APRIL 28, 1923.
SECTION TWO
JIRMHUK OF ASSOCIATUU I'lHCSS
NUMBER 174
CP
BONO TREND
.DESCRIBED
1Y BABSQN
Daylight Saving to Begin
Tomorrow in the East
SAYS RAINFALL -CREATED
LAKES
(By Associated' Press)
JIKXO Nov., Apr. 2S. About 400
years before the birth of Christ
northwestern" America experienced a
period of heavy rainfall and thus
western .Nevada lakes were formed,
according- to Dr. J. Claude Jones,
dean of the geology department of
the , University of Nevada here.
Dr. Jones believes that many of the
lukes in this region are the residue
of the ancient body of water known
as Lake Lahontan and he discounts
the theories of other geologists that
Lake Lahontan was lormed by an
arm of the sea that extended into
Nevada from Oregon
At its greatest heiirht. ho believes,,
Lake Lahontan covered an .area of,
8,500 square miles and had a dram
aye basin of 45,000 square miles in
WKLLKSLKV HILLS, Mass.. Apr.
28. Honda JiavL declined alnce lust
Heptemuer until ut tho low point of
Alurch '27, luey wore back to the lev
el, of December, lii'Zi. Investors
ho have been somewhat dismayed,
by this turn or uf fairs will he particu
larly IntereHted in a statement hunied
today by Itoger W. Jtabson in which
liu explains the situation.
"Hund prices," says, Mr. Bubnon,
"are governed by a combination oi'
three factors: the demand for pood,
the, supply of money, and the psychol
ogy of the times. The cumljluuton of
these three net the price for money
(the yield of bonds) which governs
the market value of the Individual se
curity. Comiiiotlily Trices Low.
"If we begin at the bottom we find
low commodity prices, dull business
and little demand for commerciu
money. Add the psychological factor
of Increased confidence on the part o
the public and demand picks up, prlc
es strengthen and manufacturers be
stir themselves to take caro of new
business. As soon as these conditions
exist, buying starts In earnest. Peo
ple always like to buy in a rising mar
liet. The moro they buy the higher
prices go and wc head for a boom. All
this buying takes more money and the
manufacturer requires added funds to
take care of increased demand.
"Kunds that would otherwise be in
vested in bonds are used in business,
in fact, many bonds arc sold to get
thu necessary cash to carry on opera
tions on the new scale. The hanks
meantime huvo a heavy demand for
commercial loans and the bonds the
bought with Idle funds during dull
times are sold. All this reduces the
demand for investment bonds and in-
creases the available supply of sunn i
issues. . i
Uoon i Times KxplalneU.
"As the boom goes too far, banks'
get over-extended and must call in !
loann. More bonds are sold and pric- j
es tumble. Concerns which are caught j
must liquidate and forced sales mean
sacrifice prices. The.,., moment thu
public sees prices begin to weaken,
demand disappears as quickly us ii
appears in a rising market. Itusinessi
. slows up and funds begin to accumu-
late both with the investor who saves:
more In dull times, than in boom
times and the banks who now have u
slackened demand for commercial
loans.
"both turn again to the bond mar
ket and seuk to invest these surplus
funds. Demand for bonds again picks
up and prices begin to rise. As they
go up the luiying increases. A certain
speculative element, busy in the stoeji
murket during the boom turns to
bonds for a possible speculative profit.
"The true investor," concluded Mr.
Ilabson. "should not be upset by
these fluctuations but should buy for
regular Income rather than specula
tive ttroflt. The position of the mar
ket when the funds arc available i rations and the cost of removing the
should govern only tho type of secur-i large quantities of dirt and soot that
lly selected. Jf bond prices are high, blow in through windows each Juy.
buy short time issues that funds may "Probably the greatest coFts "to
he re-Invested to advantage later on. ; factories and public ' buildings.- how-
NKW VOHK, April 28. Daylight
saving time will begin at f A. M. to
morrow under local ordinances ' in
about &0 cities and towns in a group
of eastern states, as well as a '.few
scattered inlddlowostern cities. Mas
sachusetts is the only state having n
daylight saving stutute,. The now
time will continue" until 2 A. M Sep-tvmher30.
New Tork and New Jersey are tho
principal . states In tho eastern line
zone in which, under local ordinanc
es, clocks will lie advanced one hour,
while uhout fill, scattered cities and
towhs tu , New" Knaland, outside of
Massachusetts,' will observe daylight
saying either by local ordinance or
by common consent. Daylight sav
ing throughout . Massachusetts was
assured by the recent action of the
House, in refusing to consider furth
er, tho repeal uf the present statute,
In Connecticut attempts to prevcnl
daylight saving time fulled curlier
this month When the state Senate, de
feated ait anti-daylight saving bill.
which ,the ; j louse previously had
passe). The bill provided i'or a f in i
of $100 or ten days' imprisonment, oY
both, fon the wilful display of any
NEOLITHIC MAN
USED RIV
ER GAP
Dr. Edwin T. Hodcre Ex
plains Ancient Uses of
Natural Highway of the
Columbia Kiver Gap.
and accurate accounts of the Indian in Georgia. Excerpts from them
warfare of the seventies. jhnve been Published by tho society
After Lieutenant Bradley's death and the volume which will be issued
his manuscript records were bought this summer will contain all the an-
in 1RH1 fim'iP 1II?V,ric"1 Socioty.IpubIiiihed parts of his voluminous
in iBHl, from his widow, who lived manuscripts.
"Wo havo no objections to an r-
tlstic temperament If It will, refrttlii ,
from patting Us foot while 'the orvy..
chestrit Is playing. ,
Kvcn thnso who' travel tho straight
and narrow way detonr at Interval,
jbut standard time In public pl.ices.
if or th western Nevada, or over half
the area of the present state. The
lake also extended slightly into Cali
fornia and Oregon.
Dr. Jones bases' his estimate of
the age of the ancient lake on the
thne required for the Truckec river
to make the salt deposits which apt
pear at Pyramid I-ake. The 'belief
that tufa grew only in saline wa
ters, and the presence of largo de
posits of tufa at Pyramid, was one
of the reasons eurlicr geologists had
for believing- that Lake Lahontan was
originally part oi the ocean, accord
ing: to Dr. Jones.
BUILDINGS WITHOUT
WINDOWS PREDICTED
CLEVELAND, Apr 28 The down
town building1 as well as the factory
of the near future . is - destined to
bo without windows, and to depend
upon artificial means for light and
pure air, according to officials of the
Nela Park Laboratories of the Gen
eral Electric, company here. 1
"Interior lighting for every work
ing purpose has been perfected to a
stage where it even surpasses day
light," said Dr. iMatt Luckiesh, of
the laboratory.
According to Dr. Luckiesh, prelim
inary findings in the research work
Some members of the legislature con
sidered that. the bill even applied to
wrist watches. -, Members from the
rural districts opposed any change in
time. ; ' ,
.', The Common Council of Harlfonl
recently Voted for daylight saving,
after the failure of un uttempt In tho
legislature to have a referendum on
the question. , Hartford, so far as
known, is the only municipality In
tho state t'O take, tills action. Lust
year such cities its New Haven, Htirt
tord, NeW 'London, Norwalk, Bridge
port, New '.'Britain, - Morklen, Water
bury and others In the manufactur
ing, districts; observed daylight sav
ing by common consent, or by ear
Her working hours, without advanc
ing decks.
.'in Delaware, where Wilmington
and Newport last year observed day
light saving time under local ordin
ances, un antl-duylfffht bill this year
passed the legislature and becamo a
law without tho governor's signature.
There was talk of the possibility of
court action, against tho law, which
compels -courts, public, offices, and
banks to operate on eastern standard
time.
Tentative arrangements have been
made by the Merchant's Association
of New YorkV to have .Marcus M.
Marks, president of the National
Daylight Having 'J Association, who
launched ih'j movement In 191.1,
broadcast throughout th'j L'nltcd
Htatcs by radio art address on tho ad
Neolithic man used tho natural
hiehwav of the Columbia river iruu In
spreading fan-like over the North
American continent from the Worth
Pacific slopes, in the opinion of Dr.
Edwin T. Hodge, nrofessor of geol
ogy at the University of Oregon.
After cro&inir tho Berimr straits
from Asia, the first racc3 in North
America moved southward f rom I
Alaska, explained Dr. Hot lee. These
tribes of hunters followed the ier
tile coastal regions as far ;4"uth as
tho Klamath mountains in Oregon.
The high Siskiyous prevented fur
ther movement southward.
Following the tasteful salmon, and
pressed onward by growing numbers
ana the "eastward urge, me an
cestors of the Indians found in Amer
ica, by the explorers, entered the
plateaus of Oregon and Washington,
said the geologist. Then enticed by
the roving herds of bison which
dwelt on the plateaus, the neolithic
men gradually moved eastward along
the Snake river country of Idaho,
thence through the open ranges of
Wyoming onto the Great Plains.
From here thev moved eastward to
all parts of the American continent.
In an article, "The Ancient Men of
Oregon written by Dr. Hodge re
cently, he pictures the paleontological
events which led up to the meeting
of the white man and Indian in
Oregon. "The white man who 'began
to arrive 'from Europe on the. Pa
cific coast in 17-11 had the same
origin as the Oregon Indian, but
along a different line of descent.
Thev are brothers, and like brothois
they have so treated each other
one with hospitality, and the other
with a sense of superiority anil
greed."
Writing about the Albany mounds,
Dr. Hodge- made, this statement:
"There interred lies the mute evi
dence of the story of Windred broth
ers, separated by bOU.UOU years who
finally in their last sleep laid down
in peace together.
CUSTER MASSACRE
HISTORY SHORTLY
liatrn ilamnnetratnit that- rluvlitrht uv
tually costs more to f Atone of f ice tf?nJ? f J"1(' w"h iht
buildings, museums and public build
view of augmehUhg "'the number ot
cities which have adopted It.
"" Kngland and Helgluni are "among
some of ' the ' Kuropean countries
nn.i r... ;i- i tu wnicn, ooservev jive montns or uuy
in its than electric illumination.-"W
congratulate ourselves on our free
sunlight," said Dr. Luckiesh, "yet
iXcC 'talWlnV"aHnc most of jvig UvgUilns the .utter purt
their illumination through window P 0f tllo llcw llInc dccla
panes show a heavy ledger item for
replacement of( glass and general
maintenance of cleaning, as well as
for sills and window frames.
"Secondly, we. have , discovered by
actual testj that in a large number
of buildings the loss of heat is Zt
per cent over that in buildings hav
ing no windows. ,
"Thirdly, there is the tremendous
cost incidental to the fading ot deco'
Winn bond prices are low. buy long
time Issues that the relatively high
income available at that time maybe
enjoyed as long as possible."
the principal' objections .to daylight
saving, originating mostly in' the rur
al diM riots, have hern exploded by
rosils nt .ttisin nt the Massachusetts
slave exp'erlmetrtnl- - farms"- and by
those furmers who do advocate day-
. light wiving, t .
Many farmers have, contended that
'crops could not. be cultivated early
In the mornlnfr Wlicil )dew Is still on
the plants, but ( this argument, day
light, saving proponents say, was ro
du'eed to Ih' cuflu of ono plant
beuns. Subsequently, it was added,
cute of daylight saving, cultivated a
eulo fof daylight saving, cultlrated a
record crop ofhcAits while still dew
laden, prior to 1 A. M.
tl'-ni-rul business continues its side,
wise inovi'tnent. The index of tin;
Itubsonehart shows activity at
above normal. The same level as hist
week. .
ever lies in the ground areas given
over to courts or light shafts. Be
sides the initial cost of this property.
usually a total waste, the taxes ex;,-itusslu will pfrrmtt hootch munu-
pended in keeping it clear lor uay-iractur, again, and thoe who can't
light each year is staggering."
Ventilation in windowlcss buildings
Dr. Luckiesh says, can be obtained
free of all dirt and soot and with pu
rified air from artificial vents. .
(iifford It am Warned not to uppcal to
, mrlcnn rim fit y.
r (By Associated Press) , -HKLKXA,.
Monl., Apr..,28. A nur
rative of the Sioux campaign of 1870
in which the Custer massacre, writ
ten at the time the fighting occurred
by a participant in it, will be pub
lished this summer by the Montana
Historical Society.
The narrative is from a' manu
script record by Lieut. James H.
Bradley, who was a member of the
Seventh United States Infantry sta
tioned at .Fort Shaw, a few miles
west of what is now Great Falls,
Mont., when it was ordered to the
valley of the Big Horn river to meet;
the Seventh Cavalry under General j
Qustcr and several other detach-;
ments. Its arrival was a few hours
too late. Several thousand Indians1
had overwhelmed Custer's force and i
were gono before the other troops i
arrived. !
Lieutenant Bradley was- stationed j
in Montana, at Fort Benton and Fort !
Shaw, from 1871 until he was killed
in the battle with Chief Joseph, the
Nez Perce leader, in the Big Holei
Basin, in what is now 'Beaverhead
county, Montana, close to the Idaho
line, in 1877.
Lieutenant Bradley was a prolific
writer and filled a dozen manuscript
books with data un the early days of
Montana, Indian hnbit and customs
17. of O. Faculty Members
To Speak at Graduations
HJC.KNK. April 2S. A number of
rnlvershy of Oregon faculty mem
bers will speak at thu commencement
cvrclsus of Oregon high schools.
Tho services of the speakers are
without cost, although the high
schools inviting the speakers will pay
their traveling and hotel expenses.
A reduction in the expenses Is fre
quently possible by two or thrco
neighboring schools dating I heir ex
ercise on successive days in order
th. they may invite the same
speaker.
I'nculty men who are available for
lfh school commencement addresses
uii-l their subjects follow:
enn Krlc W. Allen. "Tho Hvlf
Made Man and the Man of Train
Ming;' I'rof. Walter Harnes, "Var
ieties or Liberty." "Tiic Individual
and Kdncatlon." "Degrees of lntr-IH-geiire;
I'rof. Harold llenjiimln. "The
Me: i i ire ot a Ottien.' "Kdlicutlon
for Idculs;" I'rof. Ian K. Clark. "The
1'iumiTn and Kdm-mlon." "The West
. A Htitte of Mind." "New I.ands for
Pioneer:" I'rof. l'eter t. Crnckall.
The Cnniiet of a Cunlinent."
"(iod Will Among Problems;" Prof.
F. H. Iiinn, "Heart of Bruce." "IH.-m
penlbU" Hetelgcuse;' pror. H. 11.
)onghirii, "An American Problem '.i
Kducatlon." "Why I o Wo Kduca.e
I ur Children?; I'rof. Franklin K.
Kolts. "This lEusines of Living"
Investing for Kteniiiy." "Why Win
ter inim-w," "Intolerance." "Tho Mlr
tvr of Tomorrow." 'Abruhm.
1-rof. James H. ilbert. -The Cor
licrston0 vt U'.tuw," ' CUoyUat ,SS oi U
rand Choosing Heivlce." "The Obliga
tions ot Educated Citizenship: Prof.
Mozello Hair, "Tho Jtoad to Olym
pus," "Highways and liyways;-
leun Wm. G. Hale, "Tho Oregon
Pioneer;" I'rof. Kdwln T. Hodge.
"Ilasis of International Affairs."
"Tho Heritage of Man;" . I.drcdor
K:il Kltpatrick, "Aton Is Satisfied'
Dean John J. lindsbury, "What
Next?.' "What Is .My Niche?," "The
Investment of Personality."
Prof. Alfred 1.. l.omux, "The Ito
sponslbility of ltelng - KdUcatcd,"
"Pn'paiation, or Making Heady for
Opportunity;" Prof. Justin It. Mil
ler, "Tho Woman Juror;" W. K.
Newell, '-llulldlng Oregon." "Financ
ing Kdueution;" Alfred Powers, "Tho
Circut Investment," "We build tho
jljidder;" Dean K. C. Hobblns. "Our
ihiingiiig S'hools; tru. Hichardson,
I "Tho New Day for Kdueatlon," "Vour
Next Htep;" Prof. Warren D. Hmlth,
"(ieology and Our Civilization;"
ProT. Melvln T. Solve. "My Country
HiKht," "Th Coining Citizen." "The
Slate of Cultur,. Inn America; DcojI
John Straub. "The Value of an Kdu
eatlon." "Why Take a Chance?,"
Service: Prof. Oarcnce D. Thorpe,
"A Life Worth Living," 'Tao Inheri
tors of the Kurth," "Literature and
Life;' Ijitiiur Toojw, "Vour Kuturo; '
Karl W. Aonthauk, "The KoaJ
Ahead."
What w tan't undcrstund Is how
the movie ti-ro' pants maintain thclt
en-use as he fiuergcs from thy rug-
toil cut, . .. . ,A
ilu
$50.00
REWARD
For the arrest and conviction of anyone
found shooting insulators off our high voltage
line. '
. There has been coiiKidcrablc trouble caused
by some persons shooting insulators from our
line between La Grande and Cove. Perhaps the
grve danger to life and property is not realized
by these persons responsible for this destruc
tion. 'When an insulator is broken there is a
possibility that the wires may come down and
if one came in contact with these wires it would
mean instant death. IJE CAUIOI'l'L.
Eastern Oregon Light &
Power Company
1 9 1 2
SINCE 1912 GOODYEAR TIRES HAVE BEEN AC
lyNOWLEDGED THE BEST. AT THAT TIME GOOD
)EAR QUALITY BECAME SO APPARENT THAT
MOR O T I S T S UN VERSALLY ACKNOWLEDGED
THEIR SUPERIORITY.
GOODYEAR LEADERSHIP WAS NEVER MORE
EVIDENCED THAN TODAY. EVERY IMPORTANT
IMPROVEMENT IN TIRES HAS BEEN PIONEERED
BY GOODYEAR. GOODYEAR BUILT THE FIRST
SUCCESSFUL CORD TIRE. THEIR GROUP PLY
CONSTRUCTION IS PATENTED AND IS USED ON
GOODYEAR TIRES ALONE. GOODYEAR CON
TROLS THE PATENTS ON THE TIRE BUILDING
MACHINE GENERALLY USED. GOODYEAR DE
VELOPED THE LARGE CORD TRUCK TIRE.
ALL THE KNOWLEDGE AND EXPERIENCE OF
A DOZEN YEARS' OF LEADERSHIP IS INCORPO
RATED IN THE WONDERFUL GOODYEAR TIRES
OF TODAY. THAT'S WHY THEY ARE GIVING SUCH
WONDERFUL SERVICE IN EVERY COUNTRY IN
THE WORLD. ; (
W. H. Bohnenkamp Co.
i
S'H.e-rm-y:
- SUNDAY MONDAY TUESDAY
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Douglas Fairbanks
presents
Three
Musketeers"
This most enchanting of all Dumas' vivid
Klorles, this marvelous visualization of "Thu
Three Musketeers" is truly a picture for, every
one for your family and every family. From
it, the young can learn f rankness, kindness, val-1
or and generosity.- The old can find forgetful-.
ness of trouble and taste its antidote for sorrow.
And all of us who believe in Life's drama, with
its chapters of gaiety and wit, owe to Dumas a
debt of gratitude.
"AH for One, One for All"
Adults 'Mm ,
Children (5 to 12) ...L: :20c ' ' '
ti f Includes Tax
r COME EARLY
VAX
I