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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 7, 1915)
11 TTTE MOKSTSG OREGOXTAJT," THURSDAY, JANUARY 7, 1915. 400 THRILLED BY OPIISTIC TALKS PeOpleS ClO. CO. 10-106 Third Street PeOpleS Pin, fn." 104-106 Third Street PeOpleS GlO. CO. IQMOerhird Street PeOpleS ClO. Co. est Possible Values of the The Bi Banker and Railroad Magnate Declare Dark Clouds of De , presslon Have Rolled By. for the Least Best Possible Clothin GREAT OPPORTUNITY SEEN .. I.. Mills and L. C. Gilnian Cheered lo Echo as They Picture. Great I'ntnre I)n!ng for Infant Industries of Pacific Slope. Simultaneously at 1! o'clock yes terday 4VO representative bnsiness men f Portland began to "think" prosper ity; 3 minute later they were "hear- trie" prosperity; an hour later they wr "shouting" prosperity: not the old-time boom kind of prosperity, but the genuine, wholesome, constructive Kind, trie unmistakable sJpns of which are in evidence on every hand. . . . It was a meet in ir that Inspired con IJdence and exuded optimism. Today 40 times 400 Portland citizens, representing the bone and sinew of the city s commercial activities, are united in the determination to make Port' land a rreater and better city; they are resolved to create a greater volume of business; they are committed to the tusk to assist all agencies for the de velopment of industry and for the ex pansion of trade. Whn J. 1 il ills, president -of the First National Bank, began his ad dress on "1815: Its I'rospecta and Its l'romises. the large dining-room of the Portland Commercial Club, where the meeting was held, fairly groaned under the weight and plaudits of the gathering. Mr. Mill reviewed busi ness conditions of 1914. and while he found the debit side of the year's business ledger somewhat out of pro portiun to the credit side, he said that there were three great events that transpired during the year which erred to offset the ill effects upon business. War Clauds Have Silver Lining. "The first event was the European war, of, world-wide Importance, said Mr. Mills. "On account of It, our farmers have marketed a large grain crop at unequalled prices; livestock was moved ut good prices, and there is a strong war demand for horses. ln account of the war and England's pronouncement that no wool can be sold for foreign shipment, our sheep men received a good price for their clips and Indications are that Oregon wool will be selling at -u cents pound, the highest in our history. Our salmon canneries have sold their packi at handsome figures and they-bid fair to hnve another good year In 1915. "The second important event of 1914 was the opening of the Tanama CanaL This marks an era In our commercial development. Within the past three months, Portland's imports by water have more than doubled, and are bouno to increase greatly. The advantage of water freight rates enables Portland to extend its trade area and much more than offset the rail restrictions Ira posed by the Interstate Commerce Com mission. The Panama Canal will enable . us to enter Kastern and foreign markets with our lumber and other products that heretofore have been closed to us. Cnrreacy System Landed. "The third Important achievement was the establishment of the Federal reserve banks. This removes from the community the fear of disastrous pa nics, makes our financial aystem sound and provide ample means for the prosecution of all legitimate en terprises. "What we should do to profit the community this year Is to lay In a good stock of optimism. Pessimism i.i a vice, it does no one any good and hurts communities. Then, let us all pull together and co-operate- Intelli gently. We have too many organiza tions over-lapping each other in their cmleavors, and business men are swamped with committee work. "In conclusion. I venture to prophecy that 1913 will be better for general business than 1914, for all signs point to an improvement and nothing In dicates a further decline." Mr. iillmaa Optimistic. I C. Oilman, president of the Spo kane. Portland & Seattle Railway, who followed Mr. Mills, was greeted with an ovation, lits address was one of encouragement and optimism. ''From 190S until IK months ago we "enjoyed a great era of expansion, said Mr. tSilman." but during the last yeai and a half we have been going at a slower pace. We bave not been ad vancing as rapidly as we would like. AVe have been passing through a period of reaction, but now we are, tired of It and we want prosperity. "There is no good reason for repin ing or discouragement. Our land Is virtually unscratched. our timber is uncut and the sea is full of fish. But we should not deceive ourselves. Pros perity will not drop down upon us from tho clouds, it will come by well invested capital, aided by well directed l-usiness energy. We cannot legislate urelves Into prosperity. "Whatever advantage there le In the Kuropean war, we ought to grasp It If tha European people want to buy our products and provisions, we ought to sell to them. I cannot see that we should suffer for the faults of other nations. Dearesaloa Laid to Legislation. "Prosperity may be retarded and de stroyed ty legislation. A consider able portion of the stagnation in busi ness of the past few years Is due to unwise legislation. Some of the laws tht have been enacted have been so p.iorly drawn and conflicting that btisi-i.t-ss men have been afraid to do any thing, and business accordingly has been hampered beyond measure. These conditions ought to be removed. The railroads in the West have ex pended millions of dollars In bettering tm-ir ervi.-e. but year after year they are confronted with legislation that restricts practical operation. "No state can afford to have a repu tation of having freak laws. I say this because we are approaching an Important era in the state. The peo ple of Oreccn set the pace at the last election in discarding phantastic schemes. Let us see that. future leg islation will be sound and construc tive. We all should take Interest in public affairs. If capital Is being strangled, let us take oft the pressure and work together tor a more pros perous community and a better and greater state." C. F. Berg, president of the Ad Club, and J. C. English, president of the Kotary" Club, introduced the speakers. rnlwrsity of Idalio Aain Busy. . VXIVERS1TT OF IDAHO. Moscow, Jan. (. (Special.) Tnn University of I'laho will open Monday, after a two weeks vacation. The majority of the i-tudeuts passed their holidays at their htme. A special from South Idaho arrived last night with a large num ber. Athletics and studies are In full swing again. Many of the professors attended the meeting of the Idaho state teachers at Boise. oss: The Fact of the Matter Is This Having moved to this store the wholesale stocks of the Baron Fulop Company, a congested condition exists, which must tie remedied immediately. For want of room, stacks of Clothing1 and Furnishings are piled sky-high throughout the store, with no re lief in sight. This condition .of affairs forces this concern to take immediate action in disposing of the largest portion of these big stocks. In order to accomplish this purpose, the management has decided to cut and slash prices beyond recognition. $3.00 Hat Free With Every Suit The Suits This sale brings to you this season's finest Suits from the world's best clothing factories. Every Suit is of standard make and of National fame, including these well-known celebrated makes: ADLER-ROCHESTER STRATFORD SYSTEM GARSON-MAYER and "CLOTHES OF QUALITY" - Best Patterns Best Mate - rials Newest Models Choose Now at Nine-Ninety-Nine and a $3.00 Hat Free SPECIAL Boys7 Suits $6 and $7 Values V Every mother of a boy should see these wonderful suit values. Better still, bring the boy with you and see him in one of these fine Suits. Besides the big saving you make, we give an extra pair of pants free. Best Materials newest patterns. Choose Now at 269 Furnishings and Trousers Bargainized Men's Dress Shirts TQr . Reg. values up to $2 choose now at J Men's Odd Coats J9 QQ Vals. up to $6 Choose now at p Men's Trousers 7Qr Regular $1.50 vals. choose now at Men's Sweaters f QQ Vals. tip to $6 Choose now at V X See 'eop 104-106 Third Street "ISST" 104-106 Third Street oney Is EXTRA! 500 BLUE SERGE SUITS in medium, and heavy weights, in new models of to dayfor the stout man, the slim man and the regular. They are $20, $22.50, $25 and $27.50 values. A worthy addi tion to any man's wardrobe. Choose at Nine-Ninety-Nine mi tiroM iiiii ii Tor $0 - -ZZ-Z5--ZV- Men's Mixed Wool Undwr. ACkn Reg. vals. up to $1 Choose now at TflC Men's Cotton Underwear 50c value choose now at. ; 29c Men's Union Suits Q8r Regular $2 values choose now at. . .Ot Men's Work Shirts 50c values choose now at . . . . 29c the Greatest Clothing Window Display in Portland at CI Possible atthe Peoples The Greatest Sale of All There were great Clothing sales before we were born and there will be great Clothing sales after we're dead but there never was and never will be a Clothing sale like this great "Nine-Ninety-Nine" offer. ; , . . . In scope, magnitude, interest and money-saving, this sale has no equal. And remember, men, this sale is sailing under true col ors true colors because of the truthfulness of this advertise ment. If you want the purchasing power of your money doubled and trebled, you must come to this wonder sale. $3.00 Hat Free With Every O'coat EXTRA! 350 OVERCOATS the prices of which are butch ered on the altar of sacrifice. You'll have no excuse to offer for not possessing an Overcoat now. We've lowered the price bars, and you can choose now from $20, $22.50, $25 and $27.50 values at Nine - Ninety - Nine rliSBMV1"'! '' Neckwear v OQr Newest patterns. To 75c vals. now si7l Boston Garters All colors choose now at ..... . 14c Men's Hose o Regular 10c values choose now at. . . . Oi Suspenders OQn 'Regular 50c values choose now at. otfra The Overcoats Every Overcoat in the house was made by a tailor not by a butcher. Right here we ask you not to judge the values by the sale price; Every Overcoat is correct in style and the mate rials are of the best. The pat terns are up to the "clock tick." Every garment made by a famous maker. See these Overcoats and you'il be agreeably surprised. Choose Now at Nine-Ninety-Nine and a $3.00 Hat Free SPECIAL Boys' 0'coats "$5 and $6 Values Make the boy happy with a swell little Overcoat. We have quite a large stock on hand. In order to dis pose of them quickly, we've marked them at a Very low price. Best materials newest models. Choose Now at 69 Men's Hose 1 o Reg. 25c vals. Black and brown at A A-iC Suspenders -Qo One lot values up to $1 choose at OIC Special Men's Lisle Hose Regular 50c values choose now at 19c Men's FlanneJ Shirts no. Regular $2 values Choose now at. IOC A