La Grande evening observer. (La Grande, Or.) 1904-1959, May 05, 1923, Image 7

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La Grande evening observer., May 05, 1923, Image 7

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Newspaper Page Text1tltttttft LA GRANDE, OREGON. SATURDAY, MAY 5, 1923. NUMBER 180 VOLUME XXVI SBCTIOK TWO MU.MIUvll OF AKKOCIATHD l'KESS WARNING IS GIVEN ABOUT INVESTMENTS "Investigate Before You In vest," Warns Roger . W. Babson. LARGE PERCENTAGE OF NEW FIRMS FAIL Statistician Says $500,000,- 000 Is Lost Every Year Un Bad Securities. MUSEUM WILL KEEP PHAROAH Tl MEASURE WF.LLF.SLEY HILLS, Mass., May !. "Eightv out of every hundred new concerns are doomed to fail be fore they start" according to a state ment issued today by Roger W. Bab son who has just returned from a tour of inspection. "Everywhere I so," says Mr. Bab son, ''People ask me to look at their lists of 'Investments' and it usually depressing business. I do not know why men who are keen in business, who work hard to earn and save, will turn their savings over to a comparative stranger to 'invest' them in a stock or bond that they know little or nothing about nor why men of means who should be somewhat experienced in matters of investment insist on buying promo tion stocks. News Concerns ANcak. "A recent investigation made by my associates shows that eighty out of every hundred concerns go thru ut least one re-piganization. This means n loss and possibly an assess ment for all stockholders. The man who buys promotion stocks the stock of concerns not yet established on a paying basis therefore has eight chances out of ten to lose, but two chances out of ten to maintain his equity and less than half that to make' any money. These stocks should only .be bought by those who realize these facta and who can af ford to lose. i "Stocks and bonds of questionable value cost the 'American public about $500,000,000 a yeai and the bill is paid by those who can ill afford to '"'y Scores the Gct-Hich-Quick. '"Get-rich-quick take a chance. Columbus did' arguments of the typi cal fly-by-night stock promoter ap-l peals to the cupidity of the average man who does not stop to reason as he would if he were doing anything but investing his money. 'He does not seem to realize that if the proposition wer0 such a sure-fire millionaire maker as it seems, that there would lie no necessity for peddling it out in small lots to raise the necessary monev to go ahead. "I feel so keenly about this mat ter," continued Mr. Babson, "that I am going to risk repeating several things that have been said before. If you are making an investment be it a hundred or several hundred dollars be sure of the man and the firm to whom you turn over your money. It is a good plan to deal with only the most reputable bond houses of the country and hacked by ample security. Over a thousand of these are listed and traded in regu larly. - "Do not play favorites. Diversify your list of holdings as broadly a.' possible. Spread your securities over manv lines of industry and a many different sections of the coun try as possible. Then no single acci dent to one concern and no extreme depression in one locality can ser iously affect your position. If you can't follow these throe rules," con cluded Mr. Babson, "I advise you take vour monev to the nearest sav ings bank and leave it there for safe keeping. General business continues strong in spite of the propaganda that is being spread in an attempt to de press stocks. The index of the Bab sonchart shows general activity at ! per cent above normal, an increase of J. per cent over last week. LOOKOUT STATION TO BE INSTALLED (Itv Aiwocluted I'ress) VAIXKY OK TJ1K KINGS, Jaixov, Kffypt, April t. Members of tho American Archaeological Miss Ion who am assisting the discoverers of Kins Tutankhamun s tomb In iueiul fylnff, preserving", and packing- tho amazingly rich collection of nntujul tics removed from tho burial cham ber of the X'harftob, uro making rap id progress their work and hope soon to tcavu on their annual visits to the United Htates. - They will re turn to Luxor in the autumn when tho tomb is reopened. - Most of the articles taken from the royal mortuary chamber are now ready for shipment to Hie Cairo Mu ueum. There Is little chance of auy of these memetoos finding their way to American, or Indeed British muse ums. Vor the Kgyptlan law pre scribes that all objects found in royal tombs shall remain in the country. as the properly of the Kgyptian gov ernment. The Britons who discover ed the tomb must find their reward in tho personal satisfaction of havinir added so signally . to the world's knowledge of life on the Mb- 3,3ft" years ago. Thoy have taken no nr tlclo from tho tomb as their person al property. And they have an nounced they do not Intend to do so. The American expert's compensation will be even less. They are aiding their British 'colleagues without a penny of '.remuneration. And they have done by far the greater part or tho Important work of conserving tho hundreds of fragile objects found in the tomb.- It may be said that with out their help, these articles would have perished. While Lord Carnarvon lay serious ly ill In Cairo, Carter was working night and day to;. complete the cata loging and packing of the articles be fore the torrid heat of the Kgyptian summer ensues. An a reward for their season's work, he has given his Kgyptian laborers and diggers, who number nearly a hundred, small hon orariums of money and food. Four of the luborcrs promptly used the monoy to purchase additional wives. although they are already married. The slave system still prevails in tho interior of Kjrypt, and the women go to the highest bidders. Highway Conditions Are Practically Unchanged TO HOLD MINING GINKO LEA F DISCOVERED (Bv Associated Press) SI'OKAM:, Wash., May 5. What dcclarcd to be conclusive proof that sometime, in the dim past there must have been ..definite connecting links between the continents of Eu rope. .America and Asia. was found near here recently when a boy dis covered a fossil of a ginko leaf, ac cording, to Professor T. A. fionser, curator of the Spokane Public mu seum. But one species of the ginko, "the sacred tree of China" is to bo found today. It grows i in Chna and Jupan and is also known as the "maiden har fern tree." The spccnicn found here is estimated to be' 1,000,000 years old. "The find is an important one," said (Professor Bonser. "It proves conclusively that the ginko grew in every land on earth, and that there were definite connecting links be tween Europe and America and Asia and America. "The sacred tree of China' is the only remaining speci men of the genus, hut the fossil leaf is the leaf of a species now extinct." IDAHO MAN HONORED BY TWO . COUNTRIES I The weekly report on tho condition lUiliilil iVUllUDt filiy tin- DivBon Slate Highway Com. . mission remains practically the same (By Associated Press) ' l most. olaccs as thai . lust week. Tl... SALT 1.AKI-: I'lTV, I tali. May s. ccmlitiun or tho Bin,- Mountain -Hundreds of mining , men from nil ; "fetch between Pendleton and La parts of the United Stages, Canada, 0 ramie is unchanged. .Motorists and Mexico are expected to attend l-'houM make Inquiries either at l'ea the annual international first-aid and .Helen r lai (linndo b.-toro attempt mine rescue meet to be held in Saltinff t negotiate tho mad as rains Lake City August 27-21).- may cause the road to bo blocked at interest in the convention is grow-iuny time. inir steatlily, according to Dr. Arthur Otvgon-YVusliliiRlon IliKhuay. L. Murray, surgeon of the Unitsd ivntliaon-Wuahlnfrlon Slate Line: States Bureau of Mines, in charge i.;lv,i. of arrangements, and already fever-; lvnuictun-l'llor liock: Klvu miles al mining teams have entered to com-' m, t,:lrtn roni; pi miles macadam, pete for honors in the meet. I ,.1ot ,lK.k. Vinson: J 4.7 miles ma- Entries are expected from all parts i,,,,,,.,,,,. (Juill condition, of North America, according to Dr.! vinson-ltutter 'reek-Junes Hill: Murray. Among the regional teams , (.omUy rm,, v,,,.y ,.0iiKh and rocky, to take part will bo tnree from -U,ni s , , ,.ii,.,mer: standard Couer d'Alene, Idaho, he said. J.-,a,i,.. (i.iod condition. Two medals, one foe the winning ; J,,.1,1,n,.1..(liiiiaiii County Line: Kn team in first-aid and the other : t Lie. distance macadamized and In ex the winning mine rescue tram, will ',,,.,., ,.niimo..,. be awarded at the close of the meet. I cAUkim odmty Lino-llenpncr June- ine meuais, au.nuit&c.i .... wiium and provided for by a special ap propriation, are being designed by a commission of mining men. Among the many prominent men expected to attend the convention are Dr. 'Hubert Work, fccrctary of the interior, and II. Foster Bain, direc tor of the federal mine bureau. tie n : tours. '!-e.-k than . Kali' condition except on le H.iu'cver. road down Willow Heppner Junction is better t-orr at Khea Killing; careful to U. of I. Students To Commemorate Thompson1!. a :. driving required. Old Oregon Trail t'Kast of I'cndloloii IN nclletim-Dcailman's l'uss: Excel lent macadam. elladniMn's I'ass-.Meacham: Ap proximately five miles new grade: re mainder excellent macadam. Local in- Hiii'e should be made at Pendleton or nde before aUemptltur trip ov- mountalns as rains may cause road to be blocked at any time. .M eaeham-l .a (! rnmle-Ilalier.l 1 ant iunion OnlarlUT Macadamized the en lire distance and in excellent condi tion. . L; tirande-.foseph Highway al. Gramle-laland City: l'aved. Island Cily-Allcel: Kxcellent ma cadam. Aliel-Inibler: New grade, fair con dition. - t lnibler-KlKin: Old road over hill very rounh but passable. Ebrin-Minam-Lostlne: Macadam ied America in 1784, at the njre of :" excellent condition. a? an apprentice to the Hudson - enterprise: i n.ier eon- nd.laUe hill road to K:ilerprlse. l-.niertH-iHe-josepli: Kxeellent ma cadam. Italter-Ilalfway: Nineteen miles of macadam: 1 niiles graded roadbed. I.e.lanee fair county road. New grade on lower I'owder Uiver between Love Piidtie and Itlack llrldge, now open to til' trie. . ' (By Associated Press) .MOSCOW, J. 111., May S. lllivel'- sity of Idaho students will commem orata the memory of David Thomp son, called "the rrcatcst land geog rapher the .British- race has .'ever known," in one scene of their pag eant of Idaho history, to be given June 9. Thompson was one of the most useful of the early settlers in build ing up the friendships of the In dians and establishintr pcaco in a country too younir for law. He came to 14 D.,r nnmnnnx- l.'w.m Phiilin Tumor. a surveyor. h learned the use of t'aei'11 sextant and chronometer and became versed in astronomy. Because of his scientific observations he was known to the Indians as Koo-Koio-Sint, the star man. Mn 1797 he entered the employ of the Northwest Fur company, and lo cated several of its trading" posts. In this' ,w.w-k he not-only became the discoverer of the source of the Co lumbia river, but contributed much to the geographic knowledge of the district. In the fall of 1809, Thomp.-on dis covered the placid waters of Lake Pend Orlclle and there established the Kullyspell house, which was maintained for some1 years. : 1 1 START DAYLIGHT SAVING (By Associated Press) ltlOHMONll, Calll.. May 5. Tho Standard Oil company of California has stalled its daylight saving- sys tem for its army ot employes noro. Then men now start work at 7:2o and fiuit at 4:2. p. m. ESVI'FI! AN TO CONGRESS TO MEET MCkXIlKll.;, (iermany. May 6. Thirty-five different countries are rrnrc.'onted by the 21500 delegates so i.r rofri.:tarcd for the international Roonuito congress which i will be ho!.! here August 2 to 8. A number of governments, as well as interna ticnal organizations, have indicated they will fend representatives. A fcatui-f: oi tlie week's program will be the pnnontation in Esperanto of fxv;sin;v's "Walhan the 'Wise" and a vocal selection from Mozart, also in Esperanto. Ai:.l 'now one can't tell whether the success pf a picture depends on thn hero or the heroine. (By Associated Press) COI.VILI.K, Wash., Mayo. A new lookout station on one of the high peaks in southern Stevens of Pend Oricllc counties will be located in .the near future, according to Trevor V.oodycar, in charge of forest fire prevention in eastern Washington. Air. Goodyear was sent by the state forestry department to cooperate with the federal forestry scrvico and local protective associations. Eventually, Mr. Goodyear said, all of eastern Washington, will be pa trolled bv one organization. The plan is to coordinate forest fire fight' ing as much as possible AllltY Jl STICK TO t'OWS AIIOIM (Bv Associated Press) TC'soS'. Ariz.. May ;,.-A justice ouft In session In a livery stiilila wn. the HiieetHcle presented here to Jny In the trial of n Mcxlcun charetd with brand tampering. Limitations of lhe courtroom pre eluding Introduction of the main ex lilblt. u red muley cow. the court repaired to the llv.-ry stable. Ucr tae trial proceeded. j . (Bv Associated Press) MOSCOW. Jdu., May 5. Winner of two previous honors for extraordin ary bravery, John W. Oramcr, ni Hallcv, senior law student at ine University of Idaho, was presented recently with a ucigian croix tie guerre with palm. The French gov ernment conferred the croix de guen-A on Cramer m 1919. in the fall of 1918, General Pershing per sonally ninned on his breast the dis tinguished service cross of the Unit ed states. A Belgian war cross was awarded Juno 1. 1922. and presented with military honors at the university a few days ago. It was awarded for extraordinary bravery, by Cramer, then a corporal in the 361 at infantrv at Audemarde, Belgium, Novcmb?r 1. 1U1H The citation iol ows: "Corporal Cramer, was a member of a patrol sent out to reconnoitre tho town of Audemarde Ihis trol discovered several enemy ,in chine min sniper posts in buildings which were enfilading the streets of the town With another soldier. Cor poral Cramer dodged from building to building and entering nc ox tac houses containing a machine gun, captured two machine gunners Cramer is active in student affairs at the university and was historian of the Idaho American Legion for two years PLAN MINING EXPOSITION SALT I.AKK CITV. I tah. May 5. A campaign has been started here to hold an international mining exposi tion in this city during 1925. Gov ernor Charlej Mabey of Utah i one vl the sponsor of tho muvcuicuU Canadu welcomes l'nlled siales to; rlsla No passports rciulred tiriTVX "--"-X' i'..r. -' : ,i,s, yyf V-TS C4Cft'':' C anacliaB 1?a csfic Hoc toes It is Gt!!ii'.cr t:::-.c l ut coi;l. Th5 vr.ilcys arc bril-.i.ir:t v.-i,,!i -:;:i:x- ilov. era, violets ond coiuiiibine-;, u:ii:;odc!i. orcl.i'.ls .-mil the red Indian 1't.ir.t I '.rush. HnicralJ lahcz mirror Rrcat mo'K.a;5, virgin forests r.nd scintil l.'tting S;:acicr3. Fniov i!ic comfotiof Skairna Hotel, fjlacisr Ilnu! nd I'.incrnM 1,-jke C' ai-i; the o. il ry:'y' Banff Splinre Hotel na.l Chateau !' I.iiisc, nci in Knzy slTr.r.lKlly ol ; :;ti jw C-:; 3 in l':o Can-idn Bi.lc,hiSe.5".-i-:i, mi.! Ilal'i:.-Vr.. Make VOUK i ial-a:i c '.:, :K . y , 5 1! h ij . .. f i ... w. II. n: At oN. (jencrni Auenl. I'ii--na'r li"tariiiu-ilt f C.iNAHIAN I'ACICIC i:II.WAV Jtw l'oi tlanil, Ort.ia NEW 3 PI OF FORDS E Eighteen New Cars Unload ed Yesterday; 105 Fords Sold Here in 88 Days. The Perkins Motor Co., agents for the Ford cat' and Ford . products in Union county, received two carloads of cars, assorted models, Thursday evening and unloaded them yester day. Tile eighteen cars that form tho two carloads have all been sold and will be delivered today and Mon day to their new owners. W. C. Per kins, proprietor of the company, states, that he has two more ship ments en route to La Grande, one to arrive May 10 and one five days later. Incidentally, Mr. Perkins has sold 105 Ford cars since he took over the Ford agency in Union county. His first sale was made February uth, and since that time, he has solo on the average, not counting Sunday, one and four tenths Ford car per da or an average of seven cars in each five duys. "We have a largo number of cars en route to La Grande and will be able to take care of the requirements of titis territory if our customers will be lenient with us and give us a lit tle notice before they expect to use the car," stated Mr. Perkins. "This year'is the biggest one. in the history of Fords," he concluded enthusiasti cally, "the t output is greater, tho number of sales arc far greater, and in all ways, the oise of Ford cars and products is on tile increarc." Mr. Perkins believes this is due to the fact that the new car is a wonderful value, having features that arc in higher priced cars, while the prices are remarkably low in proportion, TO REBUILD RIVERSIDE Ili;NO. Nev., May 5. All option on the Riverside hotel property in this city has been accepted by a local concern and plans for a hos telry to cost between $000,000 and $700,000 aro under way. The con trolling interest will be held by an eastern insurance company,' It is sail1. The old Riverside hotel was destroyed by fire last year. 4VV.VUO USK1J (JAKH LN Slllt.lt ST. LOl'lH, MAY 5. Alltomolillo dealers in the United States had 400, 000 used cars in stock March IS, with a capital investment of $152,-1 200.M40, according to figures announc ed at hendquurt.cn! here of the Na tional Automobile Dealers' Associa tion. The estimated losses the deal ers will absorb on this' stock and In vestment total $23)91,982 Ifor the three months of l'Ji.i, it waa added. dive features of Perfect Pivtedion rtfwC5rj - " repiLrllf. XSVlJN' Vf-' !nuirance.lth f V 1 lewraliplenaid V W l .ddcdf" Yhnsfcilhpsp.h Aaaihonal mtarn In the Perfect Protection Policy ot West Coasl Life. Study these ; leatures.Some of them must enter into the lite of every man. Face your own situation squarely and you will admic thai you should have ine protection or eacti of the3e features. You can easU ; investigatethis.'emarkablepolicy ; througn the coupon below, Send , it today. iMGest Coast Life x INSURANCE COMPANY NOLAN SKII'l'" VlCl'OK KOKIil'.V Itesldent Ageiila, La tiramlc, Ore. tUBll? A New York survey shows "spoon ing is Prevalent" and even then only ' a few scattered precincts were heard I from. ; ' ('!'' I llnlf ot l""-SToNrl "onTi; or the strongest companies iNTXerRRicA ITtautifully-dcsigncdand'JinisbeddnMncW Franklin has lower, loacrodyJirye in keeping with the vigocons.power'of-'the Riiappy new six motor. lt!isLtrcat to-look at, a pleasure to-handlcJtjhasoo superior ,ns a social car and-rttandwinmatr,hrd Aar road work, Obscrve the grcaterroomtinsSiMBiiilttaifl exquisite trim. Tlrcnermanbertbat.-4he pressure cooling syttcmennitarteiraotor to perform periectly'uiidercoadiiiomAhat would stop any othenengineuiade.iuU a great car, andsvingjabigjsaie 1a FRANKELN W- H. Bohnenkamp Co. I. .