Friday, May 20, 1932
Page Four
LA GRANDE EVENING OBSERVER, LA GRANDE, ORE.
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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
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PH ..T, ai.mt nr-HRu "
Ajt-m 'at. met. ,
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AKQUK1D A! WORM
HOLE. , AN' LOOrlM '.
AT . TH' FUNK4I& .
AT TH' SAME Time
AM'-W OTUEP '
AlKlT-
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!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. La Grande Hotel
Pound 15c r Pound .... ... 10y2c
Picnics Herman's Lunch Pork Shoulders'7'
, ' ; ., John s Kitchen
Found lie Portland Cafe Pound 8l2
Bacvn Squares; VealRoast
Pound 12c The Nook . Pound 12c
' Tiffin ; .
Sausage ' iirrin Veal Steak
Pure Pork
Pound 12Y2c Bergen's Grocery Pound 12l2c
GROCERY" DEPARTMENT
''""Mayonnaise w Shrimp " Pineapple
Elgin Brand - Miss Lou Brand . Royal Club -
Tested "and approved by ..Fancy Pack " Fancy Dole No 1
.Good House Keeping Reg. Tins No. 2 Tins '
ouARTs 45c 2 For !.. 25c 2 FOr ., 25c
Tomatoes Shelled Walnuts Tuna Fish
" ? Fresh Cracked ' Yacht dub Brand
2i2, Tins' Pieces & Halves Thls
2 For J..... 25c ltg"!L 43c 3io, " 49c
Matches Soap Butter
KeFiUrVColFnrtflnd ' Kylldry Local Creamery '
.... t.ull Count Full Size Bar Fresh Churned ;
2 Cartons ...J 35C 10 For 25C 2i 45C
New Potatoes Strawberries Bananas
V California?'?': ' Fancv Rinp .
4 Lbs. 23c 3 For 25c 3LbS. , 19c
!