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About The Polk County post. (Independence, Or.) 1918-19?? | View Entire Issue (Sept. 23, 1921)
i a. MONEY IS and could be bought cheaply. Foreign investors thus foresaw a double profit. Bonds of the American government, too. were snapped up, us well us in dustrial und mining securities. When lhe dollar l » f e in International ex- ■ -luuige the foreign investors were ready to sell out and take profits. $18,000.000,000 Rebuilding A situation somewhat similar now prevails In International investment dustry and Commerce. opportunities with the advantage in favor of Americans who have dollars not now busy. Pounds sterling und the French und Belgian francs «-an lie bought for half their prewar value compared with American dollars. America, G reatest D e b to r N s t lo n In Gilt-edged industrial, mining und 1914, N o w W o r ld 's L a r g e s t C re d ito r transportation issues of English, French, Italian and Belgian corpora — P riv a te C itiz e n s S e n d in g S a v in g s tions und concerns now can be bought to F o re ig n C o n c e rn s and D r a w in g at far below their former value, i.s far B ig R e tu rn s — B u ild in g P a c k in g as American dullara are conce tied. H o u se s in So u th A m e ric a and S u g a r Europe. South America and Central M ills In Cuba. America need capital. The need If greater than was that o f the United Approximately 1 S.UUU.OOU.UOU of states during Its period of Industrial Vmerlcsn dollars now are at work In development. And hi a large majority foreign countries rebuilding Industry, of cases the Investment Is unusually re-establishing commercial connec safe. tions and earning substantial inter Foreign business concerns and for est rates for their American Investors, eign governments, both municipal anti It Is shown In data In possession of central, months ago discovered that l lie Commerce and Treasury depurt- America Is a vast possible market for nieuts. their securities. They set themselves America, before the great war oue of to develop the market. Blocks of gov the world's biggest debtor nations, now eminent securities totaling millions stands at the head of the Internation each were ofrered to American Inves al financial list as the greatest credi tors through New York banking houses. tor country. A half dozen cities of Europe, Can American investors, small as well ada and .South America began trying as large, are following the example out tlie American market at a fast established by their government when pace. Hundreds of Americans now- it loaned *10,000,000,000 to the gov own bonds Issued by Paris, Rouen. ernments associated with It in the Prague. Rio de Janeiro, Buenos Aires, great war. American private citi Montreal, Ottawa and Berne. Switzer zens are sending their tarings and land. American savings thus are build- lielr capital to private citizens and log for foreign cities great public un private concerns of foreign countries dertakings like waterwork systems to swing business and commerce out tram lines and roadways. of I lie world-wide economic depres- W o r k s In M a n y C o u n triss. BREVITIES Wanted woman to do house work. .Apply at this oitice or p h o n e M 7U22. The Saylus M otor Co. has gold a Dodge roadster to W . V. Acocka. 'T r a n c i»/ " Regim bai Capital City Tuesday. waa iu Uro Krank MUler waa ln Salem Tuen day. MesdauKia J. U. Mclntoali, A. i>. Davidson and E. E . Paddock and Miss Dorothy Paddock visited in Sa lem Tuesday. The iiootery, Salem, at the electric sign “ Shoes,'' invites you to make thut store your headquarters during the State Fair. The Portland Cloak and Suit Co., “ Salem's greatest women's apparel store,” is making an especial e llo r t to have their store attractive lor the throng o f visitors that w ill be in the Capital City neat week. Chas. B. H odgkin is now field superintendent lor the independence creamery. The R ockw ell residence on the coin er o f Fourth and Monmouth street, owned by Douls A lpers of San Francisco, has been sold to Dr. O. D. Butler. The deal was prom ot ed by the independence itealty Co. Nothing w ill make you feel more like a queen than the Queen Quality shoes sold by V alitou ’s o f Salem. They also carry the C. B. Ford shoes fo r women. F o r the youngsters who are just starting to school again nothing w ill suit them better tbdu the B lllikeu and Pla-Mute shoes now beiug shown at Vuliton’s Style Shop. d a le & Co. o f Salem is showing ladies’ coals and suits of style and smartness that w ill pleuse the most discrim inating woman. This popu- uar establishment iuvites you to their place during F air week. Mr. and Mrs. J. A. Heyuolds and daughters were In Salem Monday. You w ill not -treat yourself fair at the F a ir If you fail to see the m illinery line o f Mrs. L>. (1. Curtis. Mrs. Beuluh Bovlngtou o f Hose- burg was a guest at the O. A. Krea- m er home this week. Mrs. Bovlng- ton has recently returned from au extended visit In Canada. . The Missus M adeleine and Uretch- •n Kraem er were in Salem Tuesday. Mrs. M. J. Butler and son, Mar low, were in the Capital City Mon day. J. L. Baslck & Sons are not only Vim flou r distributors but they are quoting many other grocery prices. O f course you know the reason w h y m illions o f m en like L u c k y Strike C igarette — because it’s toasted which seals in the real Burky taste AT WORK ABROAD In Somebody Lied When they said that these were hard times. True, they may be in some places but not for Salem people, for in Salem there is a store that offers vast amounts of good merchandise at ri diculously low prices. How do we do it? By our skillful buying. This is JUST PLAIN BUSINESS PUN ion. Dollars earned and saved In this country are now flowing to Europe, Asiu and South America to build man ufacturing plunts, rehabilitate rail roads and canala, construct wharves and docks and erect warehouses so that the world’s business and trade may be resumed In proportions great er than those of 1914. American Investors are taking ad vantage of legitimate business and commercial opportunities. There la no philanthropy about the matter. Mil lions Invested abroad will bring mil lions plus more millions hack to the United States. Farsighted business men of tills country are helping the world’s business back on Its feet so ibut the world In turn may send orders for goods and Interest on investments buck to the United Statps. At live per cent, the ylald on Amer ica’s Investments Hhroad totals $9(10.- (NlO.fKHI a year, which is a return of $‘¿,500,000 for each day of the year, including Sundays. A steady stream of Interest pay ments now are floating toward Amer ica. tilling the [gickethooks and fatten ing the bank accounts of those thrifty persons who are taking advantage of International Investment chances such iis tiave presented themselves only once or twice In the world’s history. M a y S o o n H a v e Bourse. Establishment of a bourse to deal In foreign securities has been given consideration by some government o f ficials. The proposal for the bourse was Ursl voiced by Eugeue Meyer, managing director o f the War Finance corporation. Meyer’s proposal was for the setting up of a private house to enable Americans to buy foreign In dustrial and government Issues. New York bankers showed keen Interest in Meyer’s suggestion. Investments made In Europe and South America by Americans have averaged $1,000,000 a day for the past lk months. And the stream Is getting bigger each day. Since the outbreak o f the great war prlvute American citizens have pur chased nearly $3,000,000.000 worth of foreign securities, as well as $4,000,*” 000,000 worth of American securities which were repurchased from their foreign owners. Another $3.000.000,000 Is piled on the foreign Investment by the trade balance In favor o f American nianii facturera. producers of raw materials and exporters.^ Private American con tractors now are creditors In large part for big lots o f war materials de livered to foreign governments. The United Slates government, through the military and naval branches. Is credl tor of several foreign governments for nearly $8,000,01X1,000 o f surplus war material. And Anally the government is credl ter for $10,(XX).000.000 worttb of loans made during the great war with money first advanced by Amerl- ■’sai citizens through the several issues of Liberty .bonds and Victory notea. In advancing money to foreign In dustries and governments. Investors of tlie United States nt this time are performing a service almllnr to that rendered this country by Investors of tlrent Britain. France and Italy during the period o f hlg development In the United States. A fter the Civil war the United States turned to the west ern states to build Its continental rail roads. open mines of copper, gold and silver, and const met greMt grain eleva tors. R e tu rn in g F a v o r D o n e In 18$S. There was In this country not enough capital to develop these Indus trlev ,>r open the railroads to them The pounds and francs o f thrlftv French, British and Belgian cltlaens flowed Into the United States In mil lions, seeking profltnbl* and safe re turn The American dollar off” .................... 1...... was “ — in the international exchange markets A Store That Deals In Bargains Only a E verything wh hell has he^n . urchased at such h marvelous sacrifice that we can offer nothing but baitiruns. T h a t’« our business. Saturday Specials That Will Surprise You Ladies Mandkeachiefs Meq’s High Cut Shoes 3 fo r 1 0 C ents % £££* . . T ! . $5.45 Brooms, ¿pecial for Saturday Only, 33c School Shoes l,,r X X $ 2 .2 9 $ 5 Misses Shoes $ 2 .9 5 On tlie side o f Investment In private business. American money Is building i he Hub is savin# money for many Stlem people, and it will save money for you if you meat packing houses in South Amer but give it the chance. We can only quote here six of the many values we can offer for ica, sugar mills in Cuba, hotels In this we k end. Our store is full of hundreds of just as good, many of them better, n . Havana and Is seeking the opportun- j the only sure way is to come to us first for anythin# you need. If we have it you may Ity to try for oil In Mesopotamia. Raw cotton, financed by small Amer be sure you will get it cheaper. . lean investors through the Edge law- corpora tlons, Is going to central En rope to be made into cloth for ship ment to all parts o f the world. Wheat raised by American farmers It being shipped from almost every United States port, the farmers having re reived their pay front other Americans who thus are investing thefr money abroad through virtual loans to foreign I buyers. In addition to direct investments abroad through the purchase o f for 373-77 Court St, SALEM, • eign securities, Americans are sending fhone 464 their savings across the seas iti more i linn a hundred Indirect methods. Salem’s Bargain Center These millions going out o f the ' «31 * country, when wisely Invested, constl- lute a great international bank ac count. on which America can draw at any period o f emergency, government ofllclals say. They also help to steady trade and world business conditions. Mr*, ('raw furti What cured your FIND KEROSENE IN ALASKA The flow, may continue for years. It Is | husband of finding fault with votir explained. It shows that the United j Stales, through her business men and Misses Gladys and Marjorie It W ill B u rn in L a m p s A ft e r B e in g cook naif ? S tra in e d T h r o u g h B u rla p . thi'ongb her government, is making Mrs. Crabshaw — I started in to Rtynaldshas gone to Albany. Not only coal oil hut a refined kero- a big entry on the credit side of the | •nal i fun of tiis home brow.— New sene, which Is being burned iu lumps. world's bankbook against a possible The former young lady will Is flowing from a newly found crop international economic rainy day i resume her position as home ping near Anebornge, Alaska. The oil was first discovered nearly a economics teacher in the Albany BOY BATTLES OSTRICH year ago rising to the top o f the j schools. Miss. Murphy will en- ground III swampy land. Several gal- I Save* Eight-Year-oid Cbum by On* of ter Albany college and specialize Ions can he collected h.v balling and Pluckiest Deeds on Record. in musio. The is a talented mu straining through burlap. It was tfjst believed that the kerie | ’’Sounle’’ Saunders, the sixteen-year- sician and will makegood when sene was a leakage from an oil ean obl son of Councilor Saunders of Oudt- or tunk on higher ground nearby, hut sliooiu. South Africa, Is the hero of a ever sue may be. no truce of n camp can be found. thrilling duel with a fierce ostrich I d Geologists now declare the crude oil j h large ostrich camp In tlie veld, Mis. Burch of Monmouth has Is purlfled'by some freak o f nature in whither he had wandered, accompa nied by a iitrig boy “ chum" of eight, just purchased a Ford touring the enrth’s strata and Is forced to the surface through any opening available. The London Dally Express recounts car f rom Stewart Motor Co. At any rale the oil Is there, and every the adventure: particle o f laud In the vicinity has I “ A tierce cock ostrich mud for Up" I pair, and young Saunders, knowing that T h e B a p t is t la d ie s w ill l old a been staked and claimed by pros|iec- j If he took to Ifls heels It would result k e (j fo ()d s a le a t C a lb r ith & tors while tlie government ts being besieged to permit the erecthui o f a in liiH little c hum twlng man I oil and _ . possibly kilted by the bird, advanced J o n e s ^ r o o e r y s t o r e tht? n r s t o a t- derrick to drill a test well. G E N U IN E to ment the attack, telling ills friend u r d a y in O c to b e r^ to stand motionless. i _____ HORSE GETS VACATION. “The boy and bird advanced towards ( each other. As the bird was on the L)r. Thompson wishes to Policeman Attends to That Matter point o f striking, Saunders stepped s* a 3 f notify his fr ie n d s and When He Has Ons. aside, seized It by the neck and leaped ______ o . . u ...;n i„ When James Ouignl, a mounted rlglit on Its back. I he lad. after a policeman " f < 'heater. Pa., was In Oct Oct. 5, formed that he could have a ten-day desperate struggle. In which be *as- pendenee Wednesday, talned u severe wound on tils wrist, and may be consulted at the leave of absence he asked to take hi* TOBACCO managed at last to twist the bird’s Beaver Hotel. He will be pleas Hifse vv iA him. W e w a n t y o u to h a v e th e neck and render It unconscious. It “ *Casey’ needs u vae lion Just as b e s t p a p e r lo r " B U L L . " was only when his little friend Imd ed to meet both olo anil new badly as I do. and If be can't go I B o n o w y o u c a n r a o a lv a got safely through tlie wire fence that patrons and look after their would ns lief keep on working my w ith a a c h p a c k a g e a b o o k he consented to leave the motionless e l 2 4 le a v e s e l 1 \1 U + . - optical needs on that oate. 17-2t self." he said. mass. Permission « n « granted and Ouignl -the v e ry lin e s t c ig a r e tte “ Old hands describe the act hh one rode “ Casey” out to the Delaware p a p e r in th e w o rld . of the pluckiest on record, even for a county farm, pulled off the horse’s Card o f Thanks full-grown man." shoes and turned him loose in n field We wish to express through the col of high grass umns o f your paper our heartfelt BOSSY GOES ON SPREE th inks to our many friends for the sympathy and kind' ess extended to us Cow's Milk Develops Quite a Klet in our great sorrow Afterward. Mrs. Grace Smiley and daughter. When John Dickey of Zlhlmari, „ mining hamlet near Frostburg. Tnd., Mr. and Mra. J. W. Kelley. » went to his pasture fleW one Mr. and Mrs. (/has S-i ilev nd family. morning lie found bis four cows Mr a, d Mrs. Frank Kelley and family. lying about the field In a drowsy Mr. and Mrs E E. Roberts and family iwm I almost Inanimate condition. They could not be made to rise E. P. Thom , manager of the Stew on their hoofs, and Investigation of their mouths showed they had been art M otor Co., was in Portland this eating some ktnd o f inash Later w eek. Dickey found that some one Imd amp tied moonshine mash In the tWbl and mi this the row* had fed causing them 9EFING TH IN G S to beeoine intoxicated Dicker was unable to milk thw cows for two days. Mermaid — How are you going to When he did cause them To get up amuse voureelf during the sum m er? from their reclining position they stag Sen Serpent— I guess I won’t gered about ad If drunk They a re vow all right again and are producing show up this season. I might get milk as usual. For a time Dickey some poor fellow into trouble with a "little leary" or of me the mu*, milk, rear fear- was n nine irary . .. -«— -.ng It might have a "milk pun h" kick. t u revenue sluiU s I f you make a purchase here and it ia not as represented or you are dissatisfied in any wav, your money will be cheerfully re funded. T h e Money Back Store. HUB MERCANTILE CO. Reminders v’nrk Sun 50good cigarettes for 10c from one sack'of BULL” DURHAM :* SC T Z L .a t.~ g gut AiA.iiAbLtAiA.it All Serves you Right rr i Stewart Motor Company Ford and Fordson Dealers I