La Grande evening observer. (La Grande, Or.) 1904-1959, September 21, 1925, Image 8

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La Grande evening observer., September 21, 1925, Image 8

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Newspaper Page TextMonday, Septomfer 21, 1925. Page Eight TITE LA GRANDE EVENING OBSERVER SITTIV PRETTY Purple Chief t Work Shoes 7 ration-wide . INSTITUTION- R eimeyvo. f DEPARTMENT STORES rfTri M jusTasgoop mfEma,- iFj beew a ipnq, m, 16 me as 522 e IwgTmeSmCE " 108 Depot St., La urande, Ore. A New Marathon Hat "The Alert" For Fall Styled to- the minute, with lines of grace and 8pl...Jid balance. Our feature hat at 12.95 COMPOSITION SOLE WEAK GUARANTEED MEN'S WEAR Babson Comments On Collapse Of Huge Stinnes Companies BABSON PARK, Moss. Hpecial) , mans, lie w:us even bigger and rlch- In view of the news items which j er lifter the war than bo fore. The have been fit Hift papers recently f wnr Increuseu hiu wraith because regarding the big Hllnnes full ore ; his holdings were in stocks or oqui ln Germany. Hoger W. Jtalmon lius i Ufa rather tlian m bonds or inui t been asked regarding the 1'ucta of gut'i'M. When the inllation period the same and the reasons therefor, j chiiio, he was ublc to pay up the Mr. Babson's complete statement la ; indebtedness of his companies us follows: i Whul KM lines Owned, ' "Hugo Htinnes, during the puHl twenty yeurs, has been Germany'. greatest captain of Industry. Kveii before the war he wua ihe out standing llgure In German indus trial Hie, and, unlike jno.it Oer- 10 Years Ago Today J. W. Spencer and Ruth Plass were mar ried Sunday at Alicel. CUTS For Weddings and Itirthdaya Lool; through our sUim. we nave many suiiau.o gifts. L. & L. DrujJ Co. with depreciated currency which made h.s equities very valuable. Iih;mI!od hints the eonnervul ive Investor who buys bonds and helps the speculator who buys ittocKs. Ii the Ktmnes fortune hud been in hife.li gruue bonds and mortgages, it would have been wiped out di rectly following the war; but he ll, g only In a lucks and equities It greatly luereuswd. Hence the first ! thine to romember 1b thut Stinnes uwuu.i , to., KB rattier than bonds. ."The Hllnnes compunles ranged from iu:v.Sjiapers to hotel's. Jlo i ei'MjMnly owned what is conidd ered by many us Germuny's lead ing m wspaper, Deutsche Alegeme ine cluing. His industrial devel i o itients started w.th coal prop erties, the - exploitation of. which was the. basis of the Stinnes for tune added iron minis, electrical con cerns, petroleum compunles, pulp :ind paper mills, cellulose factories, steamship lines, hotels, Insurance companies, motor cur works, fcreat banks, and various other concerns. If one can picture the holdings ol Henry Ford. John D. Rockefeller, nod the Duponts all combined to gether it wjuld give a fair idea of what Ktlnmis owned. The defer ence, however, Is thut Henry Kurd's companies lutvo no Indebtedness; the I m Pont companies have vor little hi, "bledm i s; while Rocke feller puis most of hln money into the bonds of lia companies and thus controls their Indebtedness a well us their equities, Sltnnes, on He the new athletic director ot I Northwestern University. In other ! words, meef "Tug" Wilson, who l I now laying plans for a vigorous fall campaign at the Purple Institution. He hopes to put Northwestern teams on a loftier level than they have been In some time. the other huml, put all of hn mon ey Into equities and let the public hold the IndebtotlneHH which he i,eiinlti'"l to be -ery liirge. Ktuiiii)' Three AiNtuke.s. "Htliiues irunle ihitc primary mlKttiketf an follows: "1. He tried to he too big. He simply because ho'wua buch u free us wus the old num. They not borrower und bold bond.s mid notes only cast aside ull economic tcach a3 fast as the banks would tuks . lug. but they cont.nueu tu pursue them. ,' the Inl'lolioiiary ; policies ot their "a. Stinnes forgot that It Is Im- ' father. For a while they bought possible to get something for noth- companies und issued more lug. He was correct In figuring notes. Uf course they feel now that Imlatloil was to his advantage, that the banks wiped them out. but bo foolish, v foieofthnt deila- which Is always tne atlbl ot a rail- 1 FIND IT HERE Copy for this column must be In by 9:00 a. in. I'lano Timor Will Jtetiirn. Sidney l,y!e will return Saturday, Sept. 20. 2-9-2t-2tp forgot tho old Germun proverb, j tlon ulwa8 i0liows inflation. He !1 concern. My experience, liow- Trees never grow to the sltie.i.' He also failed to remember thut the higher up 111 the tree u bird builds Its nest, the eusie.r It Is fdr tho crows to find It. The real reason why Stinnes collapsed Is the samo reason why there are no mastodons living In tho world today. These railed to reullze that his fortune "ver, la tnut ounKa nro very pa. imu.1 decrease during a period ot : ''',nt and a very loath to wipe donation ua rapidly as It Increased business out, doing it only ns a lust during the period of inuutton. j ruaort. If Hugo Stinnes Jr. had Stinnes ignored the fundamental j been willing to subscribe to and luw of action and reaction upon follow some good economic servien wh.ch the liabsonchart Is bused. ' no might have saved the family When st.tr.lr xnnra ,liif tn In, IIH. forlUllC; but lntlghlng at eCOUOmiC (treat animals, whnse skeletons We .i Inw and hellevlnir that the sttlntie To these coal properties he s .o In museums, although tho grent-. reuHon. It m., continue t,. sell at family was greater than any eco- est beasts that ever lived, are now , tt ,,lKh ri(.,,ri.. Uul whPn solM nomic law, li failed, extinct. I he laet Is that they bc-jU) ,n )H(.e 8ml,y on uecount of I Today the various Stinnes coin came so big that they could not I manipulation or inflation, then H I panics are in the hands of -' he gel out of their own way. Off 8,lrt,iy mu3t luu again to Its true bunks and are graduully being wiu .,uiu ii 'level. . ) liquidated. The oil and petroleum tv.iuiu iiu iiiuix" nu.m nun iit,tin uii the eaith today.' thnn cows und1 LA GRANDE'S GROCETERIA AND MARKET I.tt tanilile's iIkIuuI One-Mini Slut-e 1'rereired Kloeli Collee. 1 lb Jar Uublivis Kconouiy I'aps ' Hume I'alini'd Clieirlis, In glass quart esillH loillzed Salt, 2-Mi. pkc Calllinet llakl.'iK Powder. I -lb. ran J Slar Naptha a:dilng i'owdi-r Mission Mrand Tomatoi-s 1 firupe Nuts I :t.-,r le Mother's (lata .trie We pay the highest mar ket prlro for Kivsh i;kj;s. . I'lume .Main HIO . Whore"' you can set tho "Host For Less." Kor l'ii:;t class Ileof and ck'.'uilincss wo cannot lie cxcollod. Give us a trial. 2 Donis lU'lmv Wiick Cat 1'ioc Dclivci- HemstltcliinB, pleating, button holes, etc Norton's Kiddy Shop. io-i4-tr Mrs. H. Met calf wishes to an nounce that she is in no way con nected with the Paris Shop on Adams Ave., and that she has ladles' nnd children's tints in her home for sale at 2004. First and Adams. b-16-tt $3.98 Everything necessary to a fine liat has been included. Quality that's apparent and definite, featuring the English curl-bound edge, satin lined, silk band and binding. In new Fall colors of Clove and Camel. "Let Us Be Your Hatter" New Exclusive Patterns In Collar-Attached Shiita . IN'IKIUOK DUCOItAl'lOX. "Sllnnes held on too long. In- Hheep, hecanse lions nnd tHrrm are J'1 oi' clUlif when he had so much more powen'ul. Hut this b. Mh iT uwuy. Moreover, ua the fiidebted- 1-ptn w t -iirht aecoutit during the period ot Inflation, White tho curreiici was Meprec'iutln; tilts sume IndebtodnesH became of great concern us the th-tlutlon te't iii and till- turrrney wus put on u staple busts. llvnce while tact Interested everyone in their destruction, while the production of cows und sheep hits been stlimt Inted nnd encouraged, Truly Jesus, that jjreul economist of 2000 years ago, made a very' potent rorceiist when he stated that the meek should Inherit the earth. . "2. Hotlines was careless about letting his compunles get into debt. It Is true thut very few run take fhe position of Ford and any thnt there shall bo no debt. All c:in t alius of Industry cannot follow Rockefeller in owning or control ling the Indebtedness of their com panies. It, however, s ii Brent mis take to borrow more thun one can tiike cure of. This Is en, eclally im portant for business men to reniem- her at this time when money is i o foliage or the collii-sc cuuuc I bis ensv nnd bunks are encouruging deatli. Is u good detil llkt! urgulng their good eusiome.s to borrow, which cnnie firs', the hen or the Held has been the down full of egg. Whichever the case, i he bnb- ,-ihout io pc cent cf hit bns!nes ble burst about a year ago anil concerns 1; in much better )o"do Instead of his nous being the rtcli- a small hi;:tint'ss with n indebted- est men in (Jermtmy. they have When touching up your home for the winter days you will make i compunles, at tho mouth ot the " more enjoyable by adding a few Kibe have been sold to the State ' artistic touches. Have Richardson. f Huuibtirg. the forests u. Poiti- '"i'he Art :.r:in." heip you solve eralne have, or are about to be. j "ollr decorating problems. He will :oia to Piussiu. The Stlnm s ho-'ffladl ive ou advice along these tels, the Deutsche Alleimitm, Zei-1 ltnea w'thout chnrgo. Always at, tung newsi.aper, the urhla of his your sorvlqe at Itachardson's Art &l heart, and various other properties I llt shop, 9-21-lt nre now bhig rlisposed ot. , If the Stinnes family succeeds in retain-' li'it their original co:il lioldint?. t,tn...u it,, i witn noss t v curiam iron nroner lea his day and could dictate to the U is tne best they can expect to '' wporiers uiui conrmea me bankers during the Inflation pe- do. ht Hl mo.t essential in cure of riod, the bankers had their dav and i "The Stinnes failure h-,s no di- he lull diaphragm which every could dictate to Mm during the pe- rect effect on Amcricar. business I womun nee. s. Manufactured by riod of def lation. In this th re is or the New York stock market. 1 ?lof'rirt 'OTs't Co. Come in and n irnrtli tnn fnr ..v.rv i.nprimn Hugo Stinnes was disttnctlv a Ger- CCP our samples. Miss Pauline Le- business man and Investor to learn mun- H financed his properties ; d,"rit:. Soinmer Hotel Dldg. and remember. ui uermuny, built them in tier- .... iiiiimv. iillrl nnemtnH In Rpriiinrv I,"""'S .,, "T" IV. rv little Anii rUiin inom-y la In- IMsmi:i.l)S & SM)K ;l,ASSi:s I i iiK" numii-B tin-ii in ,irn. in; I. . ..i..,,,! , ,h K,lnn, rilr,.. i Inr i'Vitv nialti' ol dir. 1 hour M-rv- A l nii,.n- :vr&w:nc Von Will I'inil Kcit. The liilc.-t slyli'S In Jintslero wijh 8-9-10-31 Fo."t color plaids, checks and stripes in many new and exclusive patterns you will like ; dark grounds, pastel grounds; broken stripes; two-tne checks cut full; good quality percales. ', The well-fitting, attached coliara cro well made separately by Troy' fine collar makers. : If you want p.-.ttrrns that are different, with good wearing qualities at a low price, here t'.icy are at i $1.69 to $2.98 nefs. lrr sieeti r of in I la. Ion or for the uke of do'ng a big busi ness. 1 rresi ectlve o f inflation or ilei tut Ion, the Mi InncH cmeerns w""M i-iM i. .t- e-l'-M ..eu.er urn ue.ui cuumu i. b thonKll Ls pOS8ible that some American money may now bu ' certain of the St n nes properties. I Hence, from a financtul point of view, there ls no reason why I should tell his story to my Ameii 1 can friends. Great lessons, how- uro involve) in the sttnne Ice, right price. & G.tt : 'op. llichardson's Art , y-2i-it found themselves aim S' eft. Ordiniirily there grent denl of sympathy fur the Stinnes boys. Hut after the fu titer's I'nlh thev w""" " '.. M1CK TO CHKDITOltS. No tee ts hereby given to ull con cerned that letters testamentary have bt n Issued by the County Court of I'n'on County .Oregon, to S'il.E-R.R-Y.'S Ti.niKlil Onlv Tlic Tfin Tcrriss I'lcdiution "The Bandolero" a 1 1 i,i--i;i.()oi)i:i) homanci: ! A Fcny Boat Swell Did This j VA ! . jiij W -..T. , ls t.V.'j.i.n. - 11 V - N 4 v ' . tS i. A i J 'V , "A son, within six months from the date hereof. Dated ut la Grande, Oregon, Sept. 21st, 1H25. LOT L. SXOOGRASS, Administrator, .' Green & Ileas, attorneys for al ndnistrutor. .Sept. 21. 2S-Oct. 5. 12. It). A (nine, lusty stniy oi lK-vl)!y actotl by a ca t do!)a and Konoo Adoioo. ynunjy love in oM Spain, sn that iucludos Pcdio do Ctr- SPECIAL XOVKITY "A 1CI NAWAY TAXI" STI.KKOSCDPIK 9. 1hVl"r fuilun' wnlrh should be heeded by Syntha Virghiia McNeill, upon the would be a Americans as well as fir r mans. last will nnd testament of John A. These lessons are us follows: 'McNeill, deceased and all persons ".Stinnes made three, mist'ilies. hiving claims against said estate First, he got a biK bead; second, nrt herehy notified to present the he borrowed too much money; and Ma,m' wi,h I roper vouchern to the third, he refused to recognize ceo- llUi executrix ot the office of .T. 1 . nomic lew. Stinne.s thought that Wutcr. her attorney in Ia Grande, times had changed and economic o re-Ron. w thin six months from laws, that had applied in the past tno lo,p of ,,lis notice. n n ( nr-V tndav. 1 Iheri-loro I . la'erl this Meptmber 21. 192S. urge American manufacturers busl- SYNT11A lRG'N'lA McNKIM., n. Men and Investors to avoid' ' Kxecutrix. these three pitfalls into which pt'Ilt- 2S-Oct. 5. 12. 19. ft'nnes fell. First, let us be con- " " tent wi'h a reawonnblp busin ss I XOTICK TO CKKDITOIIS. and take for our motto 'live and1 Notice is herein- given that the l't live; second. let ua keep out of undersigned has been duly nppoint deht as fnr as we possibly can; and ed by the County Court of the third: let us remember thai usufil- State of Oregon for Union County, Iv things that go up. likewise come administrator of the estate of Mar dewn. We must cpeclatlv re- tin Knels, deceased, and has ojinli meniher and put into pnictio fled as such." All persons having these three principle. nw that claims aeafn.vt said estate nre here- bitslpe.ts ls on the up-grade, for It by new relstrs the liabsonchart verified p required !' law. to the A. Wirniek. dfoas-'d and nil per il per n-nt above normal, com- undersigneu (it Iji Urande. Oregon, sens having claims against the pared with 12 per cent below nor- or at the office of h s attorfte' s. tate of snid decerned are herehv mal ut this time last yenr." Green Hess, at 1,h Grande, Ore- required to present the sunn with NO'lICK TO CltKDITOHS. Notice is hereby given that tht undersigned h;:s been uppointed ad ministrator of the estate of C. Hut tie Warn-ck. deceased and all per sons having claims against the es tate of said defeased Ure hereby required to present the Kime with pniprr voiuhers to the a'dd admin istrator at his home nt 1103 Hixth street,. I jx Grand t:,' Oregon, on or before six months from date here of, Uiter this 2 1st day of Septem ber, 1925. T.KI-: WAKN'TCIC, Administrator of tho'edate of C. Hnttie Warnlck, deceased. Sept. 21. 2S-Oet. 5. 12. 19. proper vouchers lo the said .-idmin-Isirator ut his home ut 1103 Sixth si reel, ,a Grande. Oregon, .'on or before ui months from date hereof. Dated this 21st day of Septem ber. 1U2G. T,KF. WAIINK'K, Administrator of the estate of Mary A. Warnlck. deceased. Kept. 21, 28-Oct. 6. 12, 19. NOIICK TO CltKMTOItS. Notice Is hereby given that the undersigned hrs been, appointed required to present tho same. administrator of -he estate of Mary 1 Motion pictures Help Cavalry Officer itcmeily Tlicii- licfccts FT. Itl'.KY. , Kiiii.. (AP) Mo lion p'cturcs are helping army of ficers to become better horsemen at the Fort Ulley cavalry school, which opened this month. A pic ture is filmed of every student of fieer and his mount ns they go over the hurdles or perform other acts thut are- part:of the rtaining. I,n ter the student witnesses his own performance on the screen. "This method enables every stu dent officer to see his own faults as others se them," explained lirlg. Gen. K. E. Booth, command ant. "Frequently a student dnes not beUove the Instructor, who tells him he Is doing something wrong while on the horse. Hut th movie proves to the student himself that ills rldlnT form 's not correct, and suggests to h'm how n overcome the difficulty." J vaacaiBiaBiiBREaEsaEiBaaESiKsniiaKBBBBaixisiaEEBBiiiiiBaBHiBisB n M n a H Fine Larde Italian Prunes YOU SHOULD CAN THEM NOW The r-9. No. 3. one of the ll.iwalhin night senplam. bchig tlragged out of San Ftancisco Pay. a complete wreck. Tins plnne complied on y J'vc miles of the trip nnd m forced down. The aMp wiip Mil-merged nnd compVtc'y wrecked when S'rurk by a uavv from a pnss.nf feiry boat while being towed to the Mnr Island navy utd. n M U n u M n M n M w n n M Tor Hox. 1S-11). box fiflc l'cr Apple Box. 50 lbs. $1.49 t hnire KatinR and Cooking Apples, box S9c Tush HiK'.stinc Knrs Coin, 2 dozen 45c Ilea'th Nm sects. 4-lb. pki:. 4.'ic l'eails of Wheat, Large l'kg. .34c AUk-i's llnpjacic. Hour, I.arre pl;(r. Alber's Iiucknliral Flour, Larc pk-r 12-.b. Sack Self Raisin-: Pancake I'fnur 91b. Sack Oat Hakes, Kara Sjiup, Iilue Label 7!lc; Red Labcj Eagle alley Honey, 10-lb. tin 34c 34c 8"c ."Wc 89c ..$1.4!) HOOVERIZED GROCERY "WHERE THE THRIFTY THRONG" LA GRANDE'S 1'tONEER LOWER PRICE FOOD STORE MAIN 49 MOTOR DELIVERY ' ' m w H U n w rn n M El CS n w B n r 14 M H M M ICUI