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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (Jan. 29, 1932)
Page Ten LA GRANDE EVENTNG OBSERVER, LA GRANDE, ORE. Friday, January 29, 1932 Charges Against Mellon Referred To House Group WASHnJOTON,, Jan. .20 ,P) Tho Impeachment charges brought against Secretary Mellon . by Ropreacntatlvo Patman, (D. Tex.) Thursday weie referred, to a. house Judiciary sub committee tar detailed study. . Chairman Sumners announced this .action after a closed session -of the full committee. "This sub-committee." Sumner Enid, "will study tho arguments made beforo tho committee, segregate them and direct the attention, of the full committee to the pertinent sections for its consideration." Extended : echoes of sensational charges made In tho senate's Inves tigation of foreign bond sales have drawn from Secretary Mellon a di rect denial that he , hod anything whatever to do with restoration of the Barco oil concession in Colombia to tho Gulf Oil company. Because .this enormously valuables "field was opened again to the com pany of which Mellon is a stockhold er about the time that a $4.0000,000 .loan long held up was made to Co lumbla by an American banking house under somo state department pressure, tho case becamo -the most conspicuous In the Investigation. Hearing .Now Cloned j'Tho hearing,' conducted by the sen ate finance committee, Is now closed. As Its result the group turned to a study of legislation doslgned to put a strong curb .pn future international loans. . ' What finally persuaded Mellon to Issuo a statement was a recent broad cast: by Senator Capper (R Kan.) Who said "some peoplo In high places In this government appear to have betrayed their trust" In connection with, tho Latin American deals. Ho showed definitely ho was speaking of the Barco case, making ono refer ence which was clearly to Mollon. Sald; the aocretary: i "The suggestion that I participated in, or in any way concerned myself, directly or Indirectly, with thoBe transactions is entirely without foun dation of fact." i Senator Johnson yesterday formally introduced In the senate tho two bills he presented before tho finance committee Wednesday for regulating and controlling tho negotiation of foreign loans In this country. The California Republican proposed rtho measures to prevent ropotltlun of Iwhat ho callad the "shameful" prac tices revoalcd by tho Investigation ho sponsored Into tho flotation .o for jcign securities in this country since ithe war. Cauie of Weather Changes ' The sun Is nearer the United Stulos In winter than It Is in sum f mor. On January l the distance Is i about 01,300,000 miles, ..while ,011 I July: 1, Jt.ta 04,400,000 miles. In (i January,; the, cnrtii Js so Inclined to ' the plane tot Its ecliptic Hint tho northern hemisphere, which Includes " the 'United. Slates, ' receives llio j slanting rays of tho sun. ' This j causes tho cold weather. In July I' tho northern hemisphere receives tho direct rays of the sun. TWO 'VETERANS' GUIDE FINANCE CORPORATION Dawes i And Meyer In 'Wars' On Economic Ailments Before t $ ' wi m i . j ! Tjvo ,iiH'ii wlio.Juimv .tlielr fi , it Aliens will. i direct, tliu work of llti! $2,000,(100,000 lU'L-onstriicIimi FIiuliic t'urjHirutlou. Clutrlra U. )avc8 (above) Hits eIeetJ , an ;, president. t By Alcxnniler II, George WASHINGTON ' f W Two veteran "soldiers" of American "financial wars",. head the two. billion dollar reconstruction finance corporation upon which President .Hoovor largely pins his hopes for lubricating ,the wheels of industry. Charles G. Dawes, selected ns preH Itlent and Eugene Meyer, named chairman of the , board, first . were drafted . for . public service in the World war emergency. Neither since hns been permitted to return to his own affairs. Tho two financiers differ widely, in personal characteristics. In 15 years as a figure In the public eye. Gen eral Dawes has achieved a unique reputation for eccentricity of tongue and manner. In those same .years, Moyor, work ltifj for tho government oven more continuously than -Dawes and always on big jobs, has created about him an atmosphere of submerged person ality. From the . human point of view, the former New York banker is almost as unknown as tho Chicago financier-statesman Js well known to the public. , Both have backgrounds of lifelong training peculiarly fitting them for the work Immediately ahead. Both aro trained bankers Intimately fa miliar with the complexities of that llnluon between organized capital, on tho ono hand and Industry and. ogrl oulturo on tho other that thoy '.re gard, as the : backbone , of . American economic progress. , ; For several years Mcyor was the recognized, "big man" of tho War Fi nance corporation, serving as direc tor or managing director throughout its lifetime. Blnco the reconstruction Corporation ( Will ; Bolster ' Backbone Of , Finance, Says Chairman Of Board WASHINGTON (P) The reconstruction finance corporation, in , the opinion of Eugene Meyer, chairman of the board, will Infuse new strength into the backbone of the nation's financial structure. The provision of government funds for banks, Insurance companies, building and loan associations, railroads and agricultural organizations will help soften, he believes, the hardening arteries of trade and do much to dispel economic fear. f Typical Meyer comments on the value and need of this form of emergency relief are: , i"J believe that an liintltuticm of UiU kind will be vital lit re storing confidence .In inuny , areas where confidence Is uow lack ing." j "In all the history of this country, easy money always has acted as a. ibuslness-reviver." ; - 'The .very. Intensive decline In construction activity Is, I be ik've, the most important single economic factor of nit.uiifuvor-ahle-elmracter." "I feel personally that the building situation is more characterized by weakness In financing than actual overprovlslon of space." "Prompt liquidation of unsound financing in the real estate field is most. Important." corporation is closely patterned after tho war, finance . corporation, Meyer will bring to the new Job unusually valuable knowledge of effective, methods .of, curing economic ail ments. The two men have between them an extraordinary scope of practical experience not only with questions of government finance but with the fi nancial aspects of both American and world commerce. Dawes, following his experience as chief purchasing officer of tho Amer ican expeditionary forces In the World war, which brought him Into intimate touch with commanding figures in European finance, became the first director of the budget In the United States. Next oame the larger experience in finance com plexities as chief American observer of the first reparations conference, out of which came the plan for sot- tlement which bore his name. ; Highly valuable to him In his -new post are his four years of practical political experience as vice president. While his duties will be of a non partisan nature, knowledge gained from dealing with men - and affairs in Washington will bo at his com mand. In his capacity as governor of the federal reserve board, a position he had held since September, 1830, Mey er has had opportunity to obtain a comprehensive and closeup view of the credit situation to which - the corporation proposes to bring relief. President Hoover's selection of Dawes and Meyer as key men of- the greatest government corporation ever set up In the United Statos brings theso two "big guns" of the appoin tive service together for the , first time. American Farmer Described By Grange Head As Opposed to Beer Eugene'. Meyer, governor 'of , the -federal. reserve: board, was named chairman .. of -the corporation board. Dawes and Meyer. -both were drafted for public duty - during the World war. ; WASHINGTON, Jan.. 29 VPh-The American farmer was described yes terday as opposed to beer. . Louis K. Taber, master of . the Na tional grange, was the first oppo nent to tho Bingham four per cent beer to be heard by a senate manu facturers' subcommittee. Proponents of the measure already have testi fied. Taber said farmers were against the bill on "social, moral and eco nomic grounds." "We oppose this oUJ,"" ho said, "because we favor the 18th amend ment and desire Its retention. It's preposterous to say wo can have beer and 'the '18th. -amendment at the same time." ' Taber said experience had proved to the farmer that he received less for products going Into liquor than for any other similar article going Into food. - Taber said 'the 'injection of this bill at this time takes away . from consideration the more vital prob lems confronting, the country." ."Tho farmers have been victimized by. the liquor business," he said. ."No nation In history has. ever been., able ;to drink itself prosper ous." "This bill would reduce the farm er's income and add to rather- than take from the grain surplus." . Honor System At Oregon State Is Done Away With CORVAJXIS, Ore. iff) After nine years of trial, the honor system, at Oregon State college has been offi cially abolished by the student body. All sections in the Associated Stu dents' constitution- pertaining to the "honor code" and "honor council" wero repealed at a 'special meeting'. The action places direct responsi bility in examinations, class work and all- forms of written- assignments on faculty members. Opponents of the plan, among students as well as faculty members, point out that the system in theory is : workable but in practical application does not prevent dishonesty, since students are slow to report violations of the code. Tobacco The first book defending tobHcco was written by Doctor Bellamy- in 1002. 1 Fix This in Memory This Is tlie Verse which Coleridge wrote to Illustrate the varieties- of metrical feet: "Trochee trips from long to short ; From long to long In Foleran sort Slow spondee stalks; Strong . foot, - yet ill ' able-Ever to come up with dactyl trl-sylluble Inm blcs march from short to long; With a leap and n bound the Wlft ana pests throng." Odd Carman Superstition . There Is a German superstition that n. knife should not he left edge upward, because God nnd the spirits dwell there, or becnuse it will cut the face of God and the angels. - -Geographically Small The area of Egypt is' about 850, 000 square miles If : the-desert re gions are 'included and 12,220 square miles IE only the cultivated and settled areas of the Nile valley and delta are considered. Sighting Rainbow " The rainbow Is always seen along the circumference of a circle-whose center Is on a straight' lino with the eye of the observer, hence no two persons see strictly the same how. Leave AustralicC Is Veterans' Word To Foreign Reds QUKHN'H ART ON VIEW; DUTCH PAINTERS .BENEFIT THE HAGUE () Queen Wllhel mlns Intends to exhibit some of her drawings and sketches in oil colors for tho benefit of Dutch painters who have suffered by the slump. Her -mnjesty has done consider able drawing and painting, both in Holland and abroad. She has -asked tho well known, painter, Mulnhccr van Konynenburg, to ohooso tho pictures for the exhibition. KBFOItEST VERDUN ZONE VERDUN (IP) The "red zone" of Verdun, blasted in the World war because French soldiers declared the Germans "shall not pass," Is being reforested at the rate of 7400 acres a year. The region covers 17,300 acres. ' WISH OOLD IN CORNWALL "TOWEDNACK, Cornwall. England (P) Two bracelets and two neck laces of old Irish gold, made at least 1500 years ago, were dug up on a farm near here. They probably wore traded by tho Irish for Cornish tin. BIG FEET TACK ."DOGS" ON' ALABAMA UASKETEER TUSCALOOSA, Ala. P) His .mates call him "Dogs" for a good .reason. John Freeman, Alabama basketball guard, . wears . tho "biggest number twelve shoes he can get." "Dogs" is one of the most promis ing sophomores on the 'Bama basket ball team. Despite tho , fact that he weighs IBS pounds, he is fast and his man seldom gets away. Freeman was on end candidate for the Tide football team last fall. He failed to make his -letter, but showed such rapid Improvement toward the end of the season that- Harold Drew, end coach, expects him In the midst of things next season. "Dogs" starred In basketball and football in high school at Birmingham. WAR FLOWERS PROVE PEST BRISBANE, Australia (P) Scarlet popples Imported from Flanders and planted widely in Queensland "for remembrance" havo become a pest to farmers who find hand-pulling tho only effective means of destroy ing the tenacious plants. SYDNEY., Australia .(&) Tho "New Guard," ..a patriotic organization composed principally of ex-servicemen, is.-demanding the deportation of foreign revolutionaries and warn mg Australian-born communists to beware. The organization frankly follows some of the tenets of . European fascism. The guard has been credited with breaking a shipping strike which threatened to . cripple Australian coastal services. Colonel Campbell, leader of the organization, an nounced that If the seamen did not Immediately return to work, their Jobs would ,be filled. .The men scrambled back aboard their ships. In tho recent election the organi zation opposed labor party candi dates and claims to have had much to do with causing the defeat of Scullin's fprmer government. SHAKESPEAREAN DRAMA SCORES 11 IT IN PERSIA TEHERAN (ff) Shakespeare has become the leading playwright here. "The Merchant of Venice" has been translated into Persian; and 'the land of Omar is - following Portia's Judgment at the Zardoshtlan thea tre with deep interest. The play, between, acts, Is dis cussed by the audience in Persian, Armenian, Arabic, Russian, French, Turkish and a dash of English, and German. t First, Golden West Coffee; Next, The Golden West Drip Coffee Maker; Then, Pour in boiling water; Do Not, Boil or, percolate; Result, GRAND flavor, GOOD BYE coffee troubles 'TRY IT- ;: . your grocer features both Golden West and tho Golden West "drip" coffee maker . . . it's real economical; too! ASK THE HOME ,FOLK5 : - -They know QUALITY (AND SERVICE FRUITS Red & White: Fancy Apricots ' (2"o) Peaches W-J) Mammoth llnlvctt ur .slItuMl Pineapple, sliced (2) Grated or sliced (buffett) Strawberries, "Loganberries and Blackberries (2) Pears (2'o) Fruits for Salad (tall cans) Pumpkin (2'.) Grape Fruit (2) 4 for 5 " 5 " 10 ': 4 " 4 " .5 " 8 " 6 " $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 1 Sale Starts Saturday, Jan. 30, Ends Feb. 8 PRICES HAVE REACHED BOTTOM Many items have been sold below canners cost to replace. These prices represent. GENUINE' SAVINGS ?i Fill Your Cupboard Economically With Red & White Foods. VEGETABLES Blue & White Choice Red & White BRAN FLAKES Packages 19c Red & White CAKE FLOUR Tcstril Approved and Guaranteed Regular Size 29c Apricots Peaches Pears (2'.) 5 " $1.00 (2',) G " $1.00 (2o) 5 " $1.00 FISH GRAPE FRUIT 7 Hue .V Willie llriikm. , PINEAPPLE Q1ronft lllue St White llruken MIits iJ$JLUU Salmon fancy red Salmon, fancy red ItiMl .V White Salmon, pink lllue A While Minced Clams ItrtI A While Shrimp, R. & V. Shrimp, B. & V. Oysters, R. & V. Tuna, R. & V. Tuna, R. & W. Tuna, flakea (1) 3 for S1.00 0i) 5 " 51.00 (1) 9 " $1.00 (1) ' 4 " ?1.00 (1) 5 " $1.00 (1) 6 ' $1.00 (1) 9 " $1.00 (14) S " $1.00 ("!) ' ' 5 " $1.00 Cs) 7 " $1.00 Red & White SOUP Assorted (except clilcken 11 Cans $1.00 c Red & White Fancy Asparagus, natural green (2) Salad Points (picnics) Beans, cut - (2) Asparagus style (2) Com, creme or whole kernel' (2) :ldcii ilautam iHominy . (2i) Peas, sifted (2) Extra sifted Sauerkraut (2) Spinach (2i); Tomatoes ' . , (2y3) Pork & Beans 16 oz. Van Camps Tomato Sauce llluo &- While 3 for $1.00 5 " $1.00 5 " $1.00 4 " $1.00 5 ' $1.00 9 " $1.00 5 " $1.00 4 " $1.00 8 " $1.00 5 " $1.00 5 " $1.00 15 " $1.00 16 $1.00- Red & White COFFEE Viicmun Tins Highest Possible Quality 3 lbs. $1.00 BLUE & WHITE Cut Beans Tomatoes Peas Sliced Beets Golden S. Corn 7 for $1.00 MILK Any tlmml hi Stuck 15 Tall Cans $1.00 Pure Cane ' SUGAR 21 $1.00 Standard White CORN 12 S; $1.00 SERVICE SAVING SATISFACTION imm. mm,
