La Grande evening observer. (La Grande, Or.) 1904-1959, May 23, 1924, Image 4

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La Grande evening observer., May 23, 1924, Image 4

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Newspaper Page TextPAGE FOUR THE LA GRANDE EVENING OBSERVER Friday, May 23, 1924. La Grande Evening Observer INDEI'UNDENT MJWKl'Al'KK Published dally and weekly at J Clrando, Oregon by th EA GRANDE EViSNINO OUSEUVJSIt rUUUSHINO CO. BRUCE DENNIS Edltoi; Batered at poatoKlce at La Grande, Oregon, at Second ClaM Mall Matter. On sale In other clllea Oregon Hotel News Htand, Fort land Imperial News BUnd, Portland Multnomah Newa Btand, Portland. Addresa all communication to The Obaorver, 141 Adam ATe., La Orande, Oregon. BUDSCJUITION ItAIKH By Carrier Dally, per month , Pally, per three months ....... Pally, per alz months, In advance... pally, Single Copy.. ............. 74 2.3S .M.60 , lly MnU Pally, per month - ...... pally, per Blx months. In advance.... Pally, per year, In advanco......... DbserverrStar, per year H I2.60 .6.00 ..2.00 ClTf ANlJ COUNT? OFFICIAL PAPER, MEMnisn ASSOCIATED misss The Associated Tress la exclusively entitled to use for pub llcatlon of all news dispatches credited to It or not otherwlee eredltod If published therein. All rights of republication of apeclal dispatches In this paper, and also the local news herein also aro reserved. OWE NO MAN ANY TillNCl, but to lovo one another;; for ho that lovolh unother hiitli I jlfllled the law. lxtvc work ctll no III lo his nelglihor; therefore lovo Is tho (ulrllllng of . the law Komuns 13:8, 10. THE OLD HOME TOWIN By Stanley Money J&Wml r'jaisv ROSER SLOAN, WHO HAS SPENT MOST OF V.V MM HIS LIFE DKVONQ CISTEKNS. WAS NTeeviEwEO V) 1 1 1 Bf THE EPI-rofc OK -me WEt-KLf CLARiJON TbDAV (ff OFFICE CAT TflAOI MABK BY JUNIUS 00 .4BV IIIF kJUUCIIM IJIL.UL. Tfi iRinnrinr "Your Dollar Will Worth More in prices up. These aamo peopJo wore goliifr to keep them up In 192U by the same means and hare been predicting further advances ever since. This whole business of money and prices Is cleared up." continued Mr. Bauson, "If you realize thai capital Is stored up labor, nothing more, and (hat money and credit simply represents an immediate demand on the supply of labor or Its products. - i Now let's see what happens : when we have a war. Thu Imme diate eniLTKency Invariably out- wciKhs any other considerations. I A certain battle must be won. Hup- plies must be delivered to a cur-: tain point at a certain time regard -less of cost. Governments, ex hausting preHent resources In such an emerKcncy, Invariably borrow labor from I he future lu be used for the present. They do this by flouting war loans and borrowing tnoney. These loans must be paid later on, perhaps by the next gen eration. What they actually do. then Is lo borrow, say five years. from succeeding generations and , throw them Into a single battle.' Huch a move has two results. "First: It throws five years ad ditional purchasing power Into a t: ket that has only normal or I.-hs than normal production, prices r.v1. "Hecond. after the emergency Is passed and this five years of labor has been dissipated in fighting we face the unpleasant business . of I paying It back In the form of in creased taxes. In order to make! 'this up a pari of our labor Is taken from us and we ilnd that we are working eight hours u day, but that after paying our taxes, we havo the results of but seven hours' labor left. In this case we have IF A MAN'S FAO. IS II IS 11)11- tim;, somi; of i s auk m;aie- l,Y ItltOKK. After the first day any secret is asler to keep. There were two men, named Smith and Brown, and each possessed a single child, a son, remarks the Baltimore Evening Sun. . Smith worked hard and traded shrewdly, and as the years passed he accumulated a great fortune. The for tune brought him many luxuries, but it also brought him anxiety, fur he knew that in the course of time he would die and leave his millions to his son. Said he: "I must teach my son self-denial and give him spending money sparingly, lest he cultivate expensive appetites and waste ful habits and dissipate my fortune when it falls into his hands." Love alone suggested this policy and Smith ad hered to it until the day of his death. Then the boy got his hands on the money and began to make up for lost time, lie scattered currency to the four winds and gained a national reputation as a spender. Long years of scant fare had given him a great appetite for the things money will buy. Brown was no less fortunate than Smith in the matter ,.r ,w.nati..i... k,... I,,, i...,nrt i,: 1 ui auaaauuiiK mui;j , mm wwaunu nu wvcu nix nun turn , , , Y ' , V"' I borrow ? 1 '100. for Instance, and wished to steer him away from follies, he decided to givelnHl8t mmn !fl)ym ,,, ;r ,,. fm.damentuih.r group in j"M,,"l1 u fon !he thl"" wnl as . tnc youngster a liheral allowance so that he might grow.eis. iins nstiKHinn. beibves that Who reiiieiMheiH whut women did with l heir snare time be Ton: they were any moviea? ll Miowrtl In Los Am;ilcs tin oilier lnv. but ll is iiihIitmimmI the city authorities art cpluinin; lo'"f tonrlsi I bat It mis just a movie I r 'nowslnrni. !dh I eight hours production but only th H,'vrn hours purchasing power. Near Futurp " U Onin-!Mult,,,,l,l y 8,'v,,ni1 1 uai l"lu,ti 1 -'l-'i'"idlvidual Instances we very soon ion of Roger Babson. fli"J th! supply goods greater I than the market for them and ' prices weaker. ItAll.'JON I'AltK. .Mass. (Special)! "In nmny lOureopean countries The decline in commodity prices 'today the ratio Is much worse than continuing steadily since the first'8 tQ 7- ln oinc it Is almost 2 to 1. of this year has brought averages Nor ,,in these results be evaded to a point, but 4!i per cent prn-M'V infathiB currency and repudi war levels. The trend, still down-! Ilt'ng debts as Germany and Itus wnrdt is slowing un a little and;Miu nuVR 'i'. Hueh a course re nmny cummodilii'S that have sur- Ueves the future generation on one fered .si'v.-i-t'iv will ilmihiicHs emit.. 1 hand but takeH the entire cost of back. Th tfuccetts of busiiu-HHinen !n? war out of ,no P'Ht'nt gener- the owner of sound Investment se am! Investors over the next r,.wjulion "nd out of the accumulated jturitles will win both in the money years, however, will depend to a lubor of the past. Such a movejvulue of his holdings and In the large extent on their correct n.;amouni8 to a capital tax and re- purchasing power o.' his dollars, terpretation of this trend. duces everyone to a starvation "The sharp decline so far this I'mniiiii.lliu ,..,..,. ,. r scaie or living, ii in oeiier m ine.year was jeprenHeu ousiness, have the center of the stage,, just now, and the business world and Its students seem to be split Into I wo opposing l amps. In- fact Seem I,, nil, i tvo schools JUST ARRIVED New Kayser Silk Underwear BLOOMERS and VESTS Here is u most pleasing as.soiUnt'iil of diiinly Un ' flics imide (if urc Italian silk in many beautiful shades including peach, orchid and pink. Illoomcrs $.'!.0() Vests ..$2, 2S fin ItADIUM SILK (y'OBUJIXATIONS A beautiful addition to milady's, boudoir. Never be fore have we been able to offer snch wonderful quality as exists in these combinations of pink,' orchid and peach shades, both tailored L R 11 and lace trimmed Z.V.:..:;.:;;.i.''4'W LINGETTE BLOOMERS Good assortment of colors; all sizes. This new ma terial is extremely durable and launders beautifully. . ITALIAN SILK. UNDER WEAK $1.25 a group "fundamentaliHts" and a group "modern Isis." If you like, who dlsiiKiee evin as the churchmen. Roger W, Iiabson. the tut Istictu n. long run to spread the cost out reflected on the Habsenchart to a two or three generations. point ll per cent below normal, "Now, how ahou these gold re-J largely because most business men hitvph? If mnnev and credit are id Id not lint lei mile tills new t retul " I iiicreuseo more nipiuiy i iihu the supply of goods prices tend to rise. J but such an Increase is made by i increasing credit and loaning mon-i ey that must be paid back. If you FOR SALE Kix-yeur-old Mary awoke two- o'clock, In ,111c, mopiiug, "Tell m ii story, Mamma pleaded, weary of the fine things money will buy and thus be en- ubled tu avoid making an ass of himself when the old man':: ! .fortune Wiis thrust upon him. ! Well. .Brown was leathered to his fatht'rs in flue season . and the kid ot the money. Did he limit his ex)endituiTsj..ni,)jyhvl,,Km tl't t to the sum that formerly was doled out to him by his lov- " '"" ''" iiisr sire? He did not. He continued to satisfy the iume-l ..,... , . . I "en the eves are ! titcs that ins lormer allowance had pel nutted him to culti- bnii im; inrnmrx - 'ng swing of I will be onwnw'ird. nbotit . eoni'limlons on tlx1 the prices your Immediate purchasing power has been Increased by llano your! producing power lemalns practical-f Later on. however. Nil. Ili'.Cl iilirl acttic, conuiiodity ilv the same. ' . iwlu-n the loan comes due your nor- i iacie ai i ne it;iron iiisiHUU). . , , , , . If w.. h.Kin by flllnw lh" r.u.l.n"".,,,."rC.''.""'"B J" ruu"'lS, on the situation," says Mr. Iiabson. "we find ihi't commodity priced t.jhave a h:iblt of r'sing for Iwenly j(m thir'y years then gradually de-1 .elinmg for aliout twenly yeiirs. Il. we go buck to 1 7 K ! we find prices sa ys el a low level. I'hey I hen roH' vute, but now, with millions to his nulit, he shelved all "'"! 'nl l,,"h,,,"-v- ! i i. , . . . . . . , Heed people lining lo epe, j'esraint and left a trail o oreenltacKa wheresoever he trnv- iimni,. eled. Neither son died in the pnorhouse and neither came to the verge of want; but neither amounted to a whoomp uind neither did the will of his father. ' . there is no moral, exoont that the nans of men and .'resident nmihige mice gaii"; alt agloy and that in a worlil full of a numl)er11,,,,.l k,,,,,',!',!' w"m of things norma! persons who are padded with perfectly good spending money will turn it loose. lone no- iiiiadually lo a peak in ISO'j only I 'anrhig veryt hing a fine XCepl Hie 1 fline agnin to a low point In livgiiiiilng In II by this llaon which fun cannot spend but which you must pay hack. Any abnormal - inflation of credit I hen increases purchasing III liner on. tuiiim; in i,""" " "With the whole civlll.ed world facing several years of eight hour production wlih seven, six. or five middle of . v " , ". oi'b;nial 'sine averag' price scale that carries us up to a low peak In 1Slr. l-'ollowlng the civil Wiir prices again declined to a low point reached in 1K!7. From I sit s to liiL'o prices again rose and Business Has No Party Jf the current congressional tnvesl igatioiiH have dis , closed anything tf real public worth it is that big business and rich men belong to neither the Republican nor t!un ucniocrauc party, mil lo ail panics mat. llie campaign funds of both of the major political parties are swelled1. ";' . . , . . ilcrlMi iniil ad wnl m ny coiuriiMiiions irem me same men ol nuance ami imi.-.iux iimr n,. u, t . ness. It has been lcvealed to the public that the onl.s partiality that big business is showing in politics is to ii elf. What a paradox that one man should finance the;Ux , inn i (..,. Veugiu.'ill l;iil ' S:t . mlslf this I he Salvation Ai'iiiy .'" Ilflieei'.. "Y,-n," Veggmaii Mill "io yoit s:m-lti h omen IMIIeer "V.m." Veriiiitii Mill "Tlir ii s;ie un couple I nr Sjil in -day n iv. 111." Tlp'te In Htiin.-ltiinj; u nun; u he l IlllNliel 1)1 tent OU'I I HIV t ;oll balls. downward trend of commodlly prices which history would suggest may be expected. "This means that your dollar will be worth more as the years go by and Is distinctly encouraging ..t u !.... .!.. ,' IO 111 VCHl OTH. II JU1I imu ill vo' ' Ideiiee would seem to Indb-atr In-line in prices lasting for I he bJm sl fifteen lo twenty-five years. "Those who take exception lo IIiIh cnneliisioii argue that there has been it war at each of these peaks and Mial Ihis economic phenomena is tile resini en ii ii in unit iu i nn a (natural trends of commodity prices IVrhni'S I hey are right, and if we do iit hnve another mir Ihlf It toad trend of gradually rising and LMadiially railing prices limy nol eon I in ue indefinitely. It happens, how ever. I hat e have had our u Int lee1 ue lln manicure, liaao In a I jier cent so-year bond ln 1'too and had sold it in 130 you would have suffered loss from iwo factors. First, you would not have received $ 1 oon for your bond bul Instead around lKn as bonds were then selling on a IL4 0 basis. Secondly, your dollar lu 1!J0 would not buy nearly as much as It would have In I !Ho. The purchasing power had shrunk and you lost again. "Muring Die next Iwenly years we have every reason to believe that this process will he reversed. Then will, of course, he intermediate acres near Imhler. In good shape, fair buildings, simi'l fruit. berries: alfalfa. Wilt trade equity for city properly In li (irande, or will take small payment down and givi good terms on balance. Then: Is 1 1 ooo mortgage run be as sumed. Price 45oo. 5 room, hath and toilet and clos ets finished: two more roon m enn be finished upstairs; X good lots, two barns, ets. AM located near the new Stange mills. Price for all 5,ooo, or will sell lols separate for $:;.Vi each. Terms on part of It. Ii room modern home on Sprinr street, beautiful view. Toilers and baths up and down stajt-s. hot air pipe furnace; on paved street all paid. All asses.; ments paid. Trees and shrub bery. Will Include some fur niture. Price ItiTRO. IJfln't cash will handle it, balance ivu.fonuhle time. j .1 usl jin .sue-1 1 about ha ln;r hint thine i iii: In cut us Ol AT campaigns of two opposing political candidates! ! Various federal statutes have been enacted in order either to limit the amount that candidates for office may spend in -on 'i.i movs, seeking election, or lo insure publicity of the accounts o."j political committees. Something has undoubtedly been ,J 'll''li gained in that way. Hut that there are remaining and seri-i iUt ovilc tn OMti.m,.lboi xvitU ,.i,. ,i 1.. ..HI J s''"- at band reuanlles ol " ' " "-.v vwi.i.i.vv uM. ueallier. (Mir iir this iiresenl ceneratloil anH M utn have its erred upon our eco- ! fI"(-t iiullons and temporary Inter no.. ile sit mil ion for many years io ructions of this broad I rend, but come. HI hers point to large gold . reserves and ( remeniliius poieu.iai ere. Ill his'sting Hull these H l.eep Phy, Black & Stoop ItKAIIOHS ID La nrnnda Natlnnnl Hunk Ithlu f I.n rinlnilf1. fmc,in. rilONB MAIN HA Package Full 8 oz; FREE onie iii for a pound of more of creamy, oven-fresh "iu Cimlard" Cookie L'akes at 4l'e a pound and we will give you a regular S-uiinti package of the new, d)lcious Tru-Bake Sodas FREE (let yours first thing. The free". offer liuldu guild outy until present supplies arc exhausted. McPherson's Groc. Co. Phone Main i'o l, (ruiide. Oregon. 9 IH'IKH. St.1 REA-D THE OBSERVER CLASSIFIED ADS I'm: cmii i' kcisi: SUMK I'ol.lis IS .IIMI'IMi i vilit:ili ts nmn. icnl CHinpiiij-ns few honest .students of politics will deny. No survey of the question can have any value unless' I'lir -.i'l'Mii- htilil'-i-H In till' purl. nn iHviinilti in Ifll iii ullh oiim; (milt's atnl i:riii)i'ii:i'ii in-.. iiii-iiitii.i,. i.. ii... ii... l.l--li it is fair and non-partisan. To start with, the fact has to "M f minjj -iui. mi iiu- hm ne lunmiicd llial lar;e ainouiits ol money are necessary in unmaking a nation-wide campuijt n. The multiplication (if'uiu priiiiary elections, with their necessarily heavy expendi tures, together with the j;rantinu- of suffrage to women, i,uik..i ii Th.- .1:111- fiirini't'rt piiiK-i Iii it iuih riimtiu: lip 111. hniv Slu jwim ilml 111 ii irrhuy p:ilr nt uvi't I nils. I'ronl tin1 pm U' lN "I' ullii tt luiurhi'.s nl wn.sli- unit has directly tended to increase the outlav regarded as in- B,,,,,,r' " t.-i,.-i,.- nn.i i.iium in in ' ,. a. . , hi . . .luinil uiim n iliilv siililii-i iiiMMni: dis)eiisal)le. Nor can there he any use in partisan iccrimin- ,vih n iim.oriiii.-iii i.i imn atioli on the subject. I "W in-n- m.- u cninc. my en "y How much cin he done by statute or publicity to lessen .--,u KUN. ii-niinun :. sir." sin Hie mischief is uncertain. I!ut there is one form of volun- ii- A, IU..I i;.,l,i l l l.l ..r .. i "'" " h' '""i"'-'"' II.I.T li-lll"l,t Vlllll, llllliv in: llfillll-U. II "I'lllll lllllSISt IH ,1 j '"l"!-,,!!!!!!. " Hill' SJllil deteriiiiiiation by rich men in either parly not to pxposo''i.'.ii'i.i niiiKinn in... themselves to suspicion, and not to create the possibility of political scandals, by giving large Great YOU'l.I. l.IKK ITS I. INC Kill NC FLAY Oil! Milll 111" ! parly committees. Ur'tl Ni-trr 'l'liiiif;lit nf 1 li:il. Slims Of money lo I Siimll Kill "Muniim. Imn .1" 'llltlfi'lK i;i'l llii'lr liii;litl'S nil ni'i llii-lr wtlms'."" Possibly the dollar-a-year men dropped by the depart ment of justice wil' miss the money. .. . There are not so many more things lo do in u city, bui. one can do so many more without the neighbors gutting Wise. Tmii Ki'lllt'lll'l'il ill SI. Ilrli'u. sr. iiki.i:ns. nr.- Mil. i miry. -I. fi! H nli'iif il In I i'iir III till' n ilili'llll:ii v iiii.l W Hutu sii'iMin. iii iiiii.- "n "lull tlii'y i'iiiil.-il Biilllv lnl.iy I'lri'ilU i-iiiirt In n i li:ii:i- n! i lilnir lliiiiitiun' ijiiHiiy muh1 li rucynlly. 5 cents Saturday we are giving a fiee sample of this fine Cum to everybody. Come in and get yours. Red Cross Drug Store FREE This New Universal Cracker KtKutar Snz. package of Tlif-UA K V. SnAS ill he icn l-'IIKK to t'.a-h purchaser of a pound or more of Tru nin's d'llelous in- t-ookle-vnkea culled "i'up t'ustunl,' pried Vc pec pound l'urely an Introductory ofTer. tiet yo irs to rrow Sl'Kl. Geo. B. Richardson Ch eer Up the less you have the more there is to get. riJlljijMyL i Tl'we Is no sulislltiito I rnr wniciy." I The tnmv yon help lumic InienwiH Hit.' better La Grande will et. LOYAII V Pntioni.lnif home Institu tions of nil kinds Is being fair lo those from whose pal mange you CApevt lo profit. Loyally to those who arc 1 1 1 a I will w ork ret-1 p roc-ai prospi'ilty. For haukliiK service to Ii Grande Kople your home banks are unexcelled. La (irande money banket I In oilier Iiwhs mn do La Brando Hide kooiI. Make It fiMj-Mfty lat ronlze those Institutions ttliCM' snpart and patron axe yon enjoy.