La Grande evening observer. (La Grande, Or.) 1904-1959, May 20, 1932, Image 4

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La Grande evening observer., May 20, 1932, Page 4, Image 4

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Newspaper Page TextFriday, May 20, 1932 Page Four LA GRANDE EVENING OBSERVER, LA GRANDE, ORE. k I r'4 .(;. 1 (Imorporsted) " . V; fr W Ao Independent Newnpaper l'liono Main 000 . .ucutia HAROLD M. PIN LAY . . Bualness Manager Published- evenings, except Sunday, at 1710 Slztto (treat. La Orange.-Oregon. ; "-":.,";':. '.- TT."'"" Entered at tbe Foetofflce of La Grande, Oregon, aa Becond Clua Ual) If attar jinder act ol March 3, JB79. . "OFFICIAL PAPER OP ONION COUNTY AKD THB , ' ,,, , ' CITY OP LA OBANOS. -V' .:.U-.Vy ' " MEMBER OP ASSOCIATEH'PaESB The Associated Press Is exclusively entitled to use lor publication of all news dispatches credited to It or not otherwise cerdltedMX pub lished herein. All rights of republication of special 'dispatch Jn thts paper and also the local news herein also jure reselrved.'- t ""... National Advertising Representative- ( - - -- M. O. MOOEN8EN CO., Inc. - San Francisco, Los Angeles, 8eattle, Portland; Chicago, . . Detroit, New York ' ' . . SUBSCRIPTION RATES ttf Currier :-' pally, one month In advance.- Dally, six months In advance Dally, single copy GUTOURWAY" ' ByX'R.;Wiiliains 780 -WW - to By Mall Dally, per month In advance Dally, per six months In advance . Daily, per year In advance ............... BOo -,2.60 -W.O0 ADVERTISING RATES Display, foreign, per column Inch Display, local, per column incn Time contract prices on application -430 -Be Let all those that seek thee rejoice and be glad.in th.ee; and. let. such as love thy salvation, say continually, Let Cpd be, magnified.. , Pfialm 70 : 4, ' ... . ;,. JAPAN ESU POLITICS '. . , . Representatives of, the Chinese and Japanese governments recently signedan agreement by which the hostilities in the Shanghai area are concluded and , Japanese troops .with drawn. I-In commenting upon the action the Japanese offi cials claimed the reasii for withd)'awalt;was a desire to coil form to world opinion-. and keep the good will of the great powers, '-v. v;',. . ' . ;!. f:A" Hut Japan is too late. She has already lost the respect of -the world because of her arrogant attitude toward China and her long campaign at Shanghai has brought her nothing but ill will and contempt. Moreover, the world suspects that her gracious removal from Shanghai is merely a gesture with which to veil her aggression in Manchuria. . When Japan first sent her troops, into Manchuria she ex plained her action by claiming that China is not a nation, but merely a conglomerate mass of people, and that she has no government that is able to put down rebels and bandits and unify the people. Japan was therefore doing China a great favor by helping her suppress the outlaws and estab lish order! .' V .j,! But recent events in. Japan are causing the world to ask if Japan is any better off than 'China. . Her government is evidently split into two bitterly opposed factions one favoring a policy of foreign aggression, and the other trying to establish peace in the interests of commerce and industry. 'And neither faction is particularly concerned with the will ,of the Japanese people as a nation. ., . Moreover, when one party succeeds in getting into power the other party considers it a patriotic duty to, promptly assassinate the leaders of that party. ; As a result, the rest of the world can have no confidence whatever in any Jap anese treaty or agreement, for the military faction has no respect for the diplomatic efforts of the peace party, and even threatens to withdraw from the League and defy all treaties. ' The future of the Far East is exceedingly precarious.- A Japanese revolution is not impossible, considering the widely differing opinions, each supported by unreasoning patriotic fervor. A military dictatorship is another possible develop ment. The Japanese policy in China depends largely upon the outcome of the present turmoil at home. But it seems certain that many months will pass before the world again) will be justified in placing confidence in Japan, A GOOD EXAMPLE One of the most -.interesting governmental and economic experiments that has come out of the dopression is reported from Canada, where the local governments of six small towjns that have gone bankrupt are being taken over by the prov ince of Ontario, under a new law. , v ., ;, In effect, those six local governments are going into the hands of receivers appointed by the province. ; A board of control composed of two representatives of the municipality, two representatives of the banks, two representatives of the bondholders and creditors and one representative of the province will attempt to straighten out the tangled financial affairs of each municipality. Each board will have full power to hire and fire municipal employes, treat with bondholders and creditors and sign all checks. The town councilmon must obey the orders of the board or face heavy fines; if couucilntcn dare spend money without the approval of the board they will bo personally liable to suits for the recovery of such moneys. By dint of close supervision and efficiency in administra tion, the boards are expected to pull the cities out of their financial plights. Such a plan seems well worth while. Insolvent business firms go into the hands of receivers for the protection of their stockholders and there seems to be no good reason why insolvent cities should not go into the hands of receivers for the protection of their taxpayers, instead of letting the same gang of politicians continue to fritter away the pub lic's money and increase the city's debt. Consider, for example, what a board of receivers appoint ed by the state of Blinois might have been able to accom plish in Chicago. . v . , ;. ; . - ' WART,' v H AVE KIT - 1 XOt-P WOU AW TC5LO VOO , AQoyr LEAVJKl' OL'-HALF.-ET APPLE- CORE.S. L-Viisl AWOUMD.& ) PH ..T, ai.mt nr-HRu " Ajt-m 'at. met. , . 7 CANT-. BE. EATiMGr 1 AKQUK1D A! WORM HOLE. , AN' LOOrlM '. AT . TH' FUNK4I& . AT TH' SAME Time AM'-W OTUEP ' AlKlT- i !i(CCe -.ONfeACK. ,tyi)NO. lT.R.WiLLIAMC 1 I s-to O 1 632 By HtA SERVICE. INC. REO. U. 3. PAT Off j HOOVER iAND - ROOSEVELT .. MAKE GAINS (Continued From Page Onejf row, prbtin'lse to add 40 more;:,r . That will make, in all, a claimed total of 673; with only a small per contage of the clolmfl disputed. A convention majority is 078, and 770 are needed to nominate. .Nearly 200 remain to be selected. ItooKcvelt'H 1'roblcin It all deepens the conviction that Roosevelt's problem will be, in the convention Itself, to pick off 100 or so recrultB from, the ranks of the opposition. This will be much easier to do if he' can go to Chicago with an undisputed majority behind him. The opposition appears just as de termined as ever. During tho pres ent week Alfred E. Smith took the Connecticut delegation of 10, bring ing his total to 63, and an anti Roosevelt delegation of 32, also claimed for Smith, was chosen In New Jersey. It cannot yet be determined who will be the beneficiary of the Young renunciation, but for the time being talk of favorite sons and dark horses has reverted to such figures as New ton E. Baker and Governor Albert C. Ritchie. Now Young Is free to take lcatler iihlp, ts ho undoubtedly will. In framing tho economic policies of the party. Among the Republicans, events have rolled along convention ward with no now bIrh of trouble. Pro hibition still agitates state conven tions and candidates everywhere, but quiet efforts at a solution continues. All members of the cabinet have given the president their views, but tho impression continues IvCr, Hoover will say nothing, awaiting the deci sion of tno convention. BONUS MARCHERS. MET ' BY POLICE Two New Bishops Are Elected At M.E. Conference Congress approprirttes minimis from an empty treasury and then accuses the bears of selling stock they do not own. ATLANTIC CITY, N. J., May 20 (!") With tho vacancies in tho Episco pacy filled by tho election of two new bishops, the Methodist general con ference today returned to its specula tions on the transfer and reassign ment of bishops. Moat of the discussion centered on where Bishops-Elect J. Ralph Magee, Seattle, Wash., and Ralph 8. Cush man, Rochester, N. Y., who were chosen by tho conference yesterday after five days of balloting, would be assigned to servo their first quadren nlum. There was no indication as to what Episcopal areas tho two men would receive. Bishop-Elect Cushman was chosen last night on the nineteenth ballot. Bishop-Elect Magee was elevated to tho Episcopacy on the seventeenth vote earlier In tho day. The two ' men have Borved thirty years each in tho ministry of Metho dism. Mr. Magee rising to prominence through his pastoral work, and Mr. Cushman gaining his reputation through work In "Christian steward ship" which is connected with church finance. Prior to election. Mr. Magee was the district superintendent of the Seattle, Wash., area and Cush man was pastor of the Asbury church In Rochester. The formal consecration of the two bishops will take place Sunday after noon. llAltKliiT l)()IN(i TIMR PERNAMUUCO. Brazil, May 20 W Captain William Barrett, formerly of Htllsboro, Ore., wanted for the nlleged larceny by batlce of about $125,000 worth of Jewelry from Mr. John D. Spreekles Jr., daughter-in-law of the Son Francisco sugar king, in 11W0, now Is serving. six years In federal prison here for counterfeit ing. Ho was convicted and sent enced In October, 1031. lHtlVKU 1IKS AT WIIKKI WOODBURN, Ore.. May 30 (P) Paul Folquet, 62. dropped dead at the steering wheel of the school bus he was driving today, the victim of n heart attack. When he collapsed his foot slipped from the accelerator, the engine stopped and the bus halt ed Just short ot a ditch. Three pupils were In the machine. Folquet Is survived by three son, two of whom live at Castle Rock. Wash. . (Continued rom 'Page One)1 1 order;- ' ' " " A few ore In full uniform and use implements remaining from their war-time equipment. All but a few carry a; change of-clothing so they can appear at their best when they reach the capital. The veterans stopped off at MrOb- erly yesterday for a parade. Four of the men 'of the group, which is or ganized 'in sum 1 -military fashion, passed their hats for contributions. For breakfast today, served in army' style, there were 50 gallons of coffee. 03 dozens of eggs, and 80 pounds of bread. A dinner of "slum," and beans was prepared for the noon meal. The men expect to leave St. Louis tonight, r W. W. Waters, commander of the group said the trainmaster at Coun cil Bluffs had promised to give the veterans some extra box cars in which to ride. "The train crew started out with out us," Waters said, "or at least tried to start. Some of the boys uncoupled tho train in several places and finally tho trainmaster ordered eight empty cars hooked on the back for us." TEST VOTE NEAR . - IN SENATE ON T A R IFF DUTIES (Continued From Pnge One) ' GARNER PLAN FOR RELIEF IS ENDORSED (Continued From Page One) Tho Texas Democrat said the board had helped the big railroads and other interests to meet current bills and to pay off debts, but it had done nothing to increase' employ ment. It also, he said, advanced money to tenant farmers, whom ho described os the "poorest producers," but "it has dono nothing to help the great mlddlo class of producers, which are the most substantial ond who con stitute the backbone of American enterprise." : 1 "What my program is designed to do is to furnish employment and to aid tho middle class producer." sized today to congressional leaders that he expected congress to con sider no adjournment plans, until the revenue bill ' la passed. Opponents of the Import taxes re newed their assault at today's ses sion witn a new threat for general tariff- revision involving months of work If the oil, coal, copper, and lum ber import taxes are kept la .the bill. . ....... - Mindful of the firm stands of his own Republican leaders from the Northwest for the lumber duty. Presi dent Hoover was keeping hands off in the bitter and dramatic tariff dis pute. t' He .emphasized, however, he ex pected congress to stay here, through' the politico.! conventions, if neces sary, "to get the budget balancing leg islation into law before the start of the new' fiscal yearxm July 1. He emphasized, however, he ex pected congress to stay here, through the political- conventions, if neces sary, to get tle budget balancing legislation into law before the start J of the new fiscal year on July 1. "we win stay nere," sam senator Watson, .Indiana,- Republican leader. credit expansion lay-in -loans 4o-buHd ing and loan societies by the large commercial .banks. Answering a de mand for credit for financing of small homes. v ''" : Another possibility suggested was the extension of credit to farm loan banks in order that these losti.tur tlons might more freely grant ac commodation to the' agricultural dis tricts. ' 1 . The membership of the committee, as announced by Mr. Harrtson, fol olws: , 1 : " ' "' Owen D. Young, chairman General Electric company, chairman. Mortier N. Buckner, chairman," New York Trust company. ' r ' -! ' Floyd L. Carlisle, chairman, Con solidated Gas company. Walter S. Gilford, president, Amer ican Telephone and Telegraph com pany. 1 . ' Charles E. Mitchell, chairman. National City bank. William C. potter, president Guar anty Trust company. Jackson E. Reynolds, president, First National bank. ' Alfred P. Sloan Jr., president Gen eral Motors corporation. Walter C. Teagle, president, StanT dard Oil company of New Jersey. A. A. Tllney, chairman of govern ing board, Chase" National bank. . Clarence M. Woolley, chairman,' American Radiator and 'standard Sanitary corDoration., Banking autnorities Eay that one of tho .chief difficulties in the way of the rapid and successful opera tion of the federal reserve's credit ex pansion has been the concentration of funds liy New York; principally because bankers iri other parts ; of the country are either unwilling or unable to make tise of their funds. , As the federal ' resorve: has pur chased "governmenst"' the funds put Into the market have tended to con centrate In New York, even though much of the securities purchased by the board have been sold by banks in other parts of the cbuhtry. ;Maiiy interior "banks- wfehlng ''to : dispose of some of their "governments" will sell them through New .York, it was said., ond then leave the funds on deposit rather than recall them. In the face of this piling up of Idle money here. New York bankers have had great difficulty in finding employment for. money. It was suggested that the new fl nonclal committee, providing leader- II : m I I Because Ii's Better At Falk's It's Cheaper GLADSTONES Black and Brown Genuine cow hide. Some linen, some leather lined. $12.50 to $25.00 Gifts for the Graduate 'WARDROBE TRUNKS Made and' guaranteed by rndteti'ueto. '. Appropriate foPeither girl or boy. ; ; $35.00 " ' - - )k II ship of the. strongest .character, will be able - to devise some means to make this :-huge surplus available where It is most needed, by recom mending, to banks worthy outlets for the- monel; by supplying the lead ership needed to oppose unsound legislative plans and to put forward sound ones. , . MAKKS .C.OMMKNT WASHINGTON, May 2Q ( Secre tory Mills said ; today the formation of committees of bankers and indus trials In all federal reserve districts similar to that .announced yesterday in New York to secure more active cooperation between bankers and in dustry and business is a logical outcome of the New York move BOISE AND UNION STAKES COMPETE Continued From Page One) ret Places". All the contest work Is free to the public, Mrs. C. J. Black, chairman, states. ' -; - - ' Dancing will begin at 9 o'clock, and ot the contest dance will be pre sented ' at 10 o'olock. v Music; for dancing will be furnished by the Posteii-Hendrickson orchestra. Dancing will be held In the Recrea tional hall while the other events will be given in the tabernacle. Music events will not be contested, V' but the participants will go directly to Salt Lake City to the final elim ination contest for the winners. FAior mix iti;roitTi:i) - WASHINGTON, May 20 ft The thrcc-foid farm relief pldn of the major farm organisations, calling for the equalization fee, export deben tures, and a domestic allotment plan of distributing wos reported favor ably today by the senate agricul tural committee. " , The committee mode only minor changes in the wording of the meas ure as presented by the national grange, the national farmers union, and tho American farm, bureau fed eration, which agreed upon and drafted It. Tho measure authorizes the farm board to put into effect any one or combinations of the' three plans when considered necessary to assist agriculture. Tho voto was not announced by Chairman McNary. LAUNCH NEW DRIVE TO HARNESS IDLE F UN D S FOR WORK (Continued from Page .One)' 1 banks and the many worthy projects in need of credit that exist through out the country. ' No Comment Made Members' of the group said after their organization ' meeting yester day that nothing sufficiently definite had been arranged for them to be able to comment upon their pro gram. Financial leaders suggested, however,' that one possible avenue of PIANO FOR SALE HIGH GRADE PIANO GOOD .CONDITION 889 ' ADLER'S CLOSING OUt SALE Grande Ronde Meat Co. Wh erever you go find this malt i leads the field ('' V Made In the world', largest malt factories by men who have but one aim to pro duce the highest pos tible ' quality malt. That', why Blue Rib bon leads the field : in quality, sales and popularity. . mm ANNOUNCEMENT' The grain fed steers purchased from the E. O. Eperiment Station are now on sale at our .markets, City, Hoover, Economy and 'Fir "Street. Markets It will cost you no more than the ordinary beef; !'''.'. It is also served by the following hotels & restaurants; flams' Sacajawm Hotel Pork Loins' is to is ibS. 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