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,