$250,000,000 LOAN
HALTS GOLD INFLUX
Beneficial Effect Is Temporary
Check to Danger of Too
Rapid Imports. ,
EXPANSION IS ENORMOUS
Substantial Character of Infla
tion Alone Prevents Collapse.
Prices Are Affected and Bis
Corporations Suffer.
By FRANK M. HUSTON.
CHICAGO. Oct. 15. (Special.) Be
yond question, the flotation. of the
British loan of 1250,000,000 in this mar
ket in the early part of September has
been instrumental in checking: the flow
of gold to this country, and to that ex
tent, has been beneficial.
Up to the third week in September
the gold imports this year aggregated
J384.450.000, against exports of $93,500.
000, so that the excess of imports over
exports this year has been $291,445,000,
which compares with an excess in grold
imports over exports for the corre
sponding; period of lastyear of $247,
171,000. Gold Influx Check Temporary.
Whether gold imports can be long;
held in check is a difficult question to
determine, as much depends upon the
British requirements and the attitude
of the American banks and the invest
ment public. But it is certain that
sooner or later gold will again flow
into this country in considerable vol
ume, unless, of course, the war should
come to a sudden and unexpected termi
nation. This enormous accumulation of gold
which has taken place since the begin
ning of the war is resulting in a tre
mendous expansion in various forms of
credit. This expansion is a form of
inflation, but, being based upon gold,
is not of that dangerous character that
has so frequently taken place in this
country on a less substantial basis, but
bankers realize that the process of in
flation is so insidious that frequently
it shifts from one form to another be
fore the country is really aware of it,
and hence , their conservatism at the
present time.
Effect n Prices Noted.
The effect of this tremendous increase
in the supply of gold and plethoric
money conditions, together with the in
sistent demand in Europe, is found in
the tendency of prices in many com
munities. One of the unfortunate results of the
upward tendency of prices is the effect
that they have on corporations having
a fixed earning rate, for these corpora
tions can only increase their revenue
from an increase in volume, and, na
turally, there are limitations even on
that. This applies especially to the
railroads.
MILITIA CALL NECESSARY
Funston Tells Guardsmen They Will
Know Why Some Day.
SAN ANTONIO, Tex.. Oct. 15. At no
time since the mobilization of the Na
tional Guard has it been safe t re
duce the number of men on the Mexi
can border, in the opinion of Major
Generai Frederick Funston. command
ing the southern department of the
United States Army. In making -this
statement to the soldiers General
Funston said:
"When you men of the National
Guard were called, of coutha vmi ei-
V. pected to go 'slam bang" across the
border, and let me tell you that when
history is written it will show that
the calling out of the guard in June
was no child's play. The calling out
of the National Guard was absolutely
necessary. All of you will know why
some day. And I don't think there has
been any time since when it would
have been safe to reduce the number
of men on the border."
The General's remarks were made in
the course of a short talk at a dinner
last night given by the Third and
Fourth Illinois Infantry, under the
auspices of the Army Young Men's
Christian Association. No. 3, In honor
of the San Antonio Young Women's
Christian Association.
BURNS KILL MRS. PRESTON
Noted Opponent of Woman Suffrage
Dies at Baltimore.
BALTIMORE. Mi, Oct. 15. Mrs. Alex
ander Preston, one of Baltimore's so
ciety matrons and also noted as a
vigorous opponent of the suffragists,
died last night in t Johns Hospital
Irora burns. She was burned while
reclining in her bed on Friday after
noon at her home. In some manner the
bed clothing became ignited, and in a
few seconds before help could be sum
moned she was enveloped in flames.
Her face and upper part of her body
were terribly burned and she inhaled
the flames.
Some of the most telling thrusts
against the cause of woman suffrage
have been penned by Mrs. Preston and
used as anti-suffrage material in cam
paigns throughout the country.
CHURCH PLEDGES $7950
Total Raised for McMinnvllle Col
leg Nearly $18,000.
M-MINNVTLLE. Or., Oct. 15. (Spe
cial.) Members of the First Baptist
Church of McMinnvllle yesterday
pledged a total of $7950 toward the en
dowment of McMinnvllle College. Mem
bers who were not nresant win coo.
this week. This sum of nearly $8000
is given in aaaition to me girt of $6000
made by the students of the college.
molt Of Whom ar m'emH a v. ..
church, and also is in addition to the
$5000 given by the faculty. Thus the
t-iiiiro amount wnicn airectly or indi
rectly comes through the McMinnvllle
Baptist Church is nearly $18,000. as a
contribution to the cause of education
as carried on at McMinnvllle College.
Charles Logan. Arrested.
Charles Logan, cook, was arrested
last night on complaint' of Ray Craw
ley that he had stolen & purse con
taining $61 from Crawley's apartments.
Detectives Hellver and To, l- k,-
picked up Logan at the corner of
di uau way ana &niceny street.
x
Little Girl Disappears.
Paloma Jones, 14 years old. a stu
dent at St. Mary's Academy, disap
peared at 7:30 o'clock last night, taking
with her from the academy her suit
case with clothing. The academy auth
orities asked the police last Bight to
assist in hunting for the girl.
DAUGHTER OF WEALTHY EASTERN FAMILY CAMPAIGNS FOR
WILSON.
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MISS COSST.INCB DRE.TEU
"Tf you want neace you want Wilson." Miss Constnnre rr.-l nf 'Phiio.
delphia says in her contribution to the Democratic National Textbook, the
only article in the record of the Democratic Administration written by a
woman.
Miss Drexel. who is a member of the
National Committee, also says that women suffer most from war.
Miss Drexel is a member of the rich, old Drexel family of Philadelphia.
She is one of the hardest woman workers for Wilson i" the country. In the
whirlwind campaign of. New York City, to be undertaken by the women's
bureau of the Democratic National Committee, Miss Drexel is scheduled to
make several 'speeches.
DIPLOMAT HAS HOPE
Better Understanding Fore
cast by Arredondo.
I
RECENT EXCHANGES HELP
Ambassador-Designate Says liegal
Ista Movement Started Recently
Is Move to Injure Presi
dent Wilson's Prospects.
WASHINGTON. Oct. 15. Eliseo Arre
dondo, Mexican ambassador-designate,
has just told here for the first time of
his recent visit to Mexico City to con
fer with General Carranza. The Am
bassador is convinced that the ex
changes of views which took place will
contribute materially toward bringing
about a better understanding between
the two governments.
Conditions in Mexico show steady im
provement, Mr. Arredondo said, despite
the destructive effects of the revolu
tion. Economic, military and civic re
forms are being inaugurated as rapidly
as possible, he said, adding that pub
lished reports of suffering among the
natives because of hunger were greatly
exaggerated, the government having
received complaints on that score only
from localities where bandits were op
erating, confiscating foodstuffs and
their property.
The Ambassador said there was no
question but that a legalista movement
had been started to overthrow his gov
ernment. He described the legalista
movement as another attempt on the
part of antl-Carranxa interests to in
jure President Wilson's prospects for
re-election.
"They believe that if Mr. Hushes Is
elected." the Ambassador said, "they
will have another opportunity to pre
sent their case to the United States and
seek assistance for it from the Amer
ican people."
Mr. Arredondo said that in making
that statement he did not intend to re
flect upon the Republican party or its
policy toward Mexico in any way, ex
pressing confidence that if the party
were brought into power by the November-
elections it would be Just in
Its dealings with the Carranza govern
ment. MORMONS ARE ROBBED
A MERI CATV CAVA1RT TS MEXICO
RUSHES TO SCENE,
Bandits Take to Bills After Stealing
Several Hundred Dollars F
Two BTerenants.
FIELD HEADQUARTERS AMERICAN
PUNITIVE EXPEDITION IN MEXICO.
Oct 15. A squadron of cavalry has
been sent from the field headquarters
of the American punitive expedition to
Colonia Juares. 18 miles from this
camp, to protect several hundred
American Mormon colonists there fol
lowing the robbery last Thursday
night of Alonzo and Adelbert Taylor,
Mormon merchants, by four Mexicans.
By threatening death the robbers de
manded $10,000 of the Taylors and held
one brother prisoner while two of their
number took the other to the Taylor
store ana secured several hundred
dollars. While these two Mexicans
were attempting to secure more money
from Another wsaithy resident of
TITE rHOHXIXG
efcAfrwoetKf.ift (.J.. j
woman's bureau of tie nrmnrriMf
Juares, the prisoner escaped. Upon
learning of this the robbers took to
the hills to avoid capture.
U. S. WARSHIP RUSHES OUT
Important Developments Suggested
In Speedy Departure.
BAR HARBOR, Me, Oct. 15. The
abrupt recall of a liberty party from
the destroyer McDougall and the ship's
subsequent departure at full speed to
day, suggwsted Important developments
in connection with the warship's neu
trality patrol. Early this nfternoon
the vessel put In here from Eastport
and gave shore leave to a party of her
sailors. Four blasts of the ship's
whistle soon recalled them, and the last
boatload had hardly reached the de
stroyer's side when she steamed out of
the harbor.
The wild coast line In this region,
with its innumerable coves, has long
been one of the favorite regions
picked out by rumor for hidden wire
less stations' and secret submarine
bases.
SYRIAN RELIEF ASSURED
Navy Department Tleinoves Last Ob
stacle by Providing Transportation.
WASHINGTON. Oct. 16. The last
obstacle in the way of American re
lief for Syria has been removed with
the announcement from Red Cross
headquarters here that the Navy De
partment had tendered space for relief
supplies in a collier soon to be dis
patched to coal the cruiser Des Moines,
now In the Mediterranean. It is ex
pected that 8000 tons of cargo space
will be available, largely for wheat,
rice, and some clothing.
The supplies are expected to cost
about $250,000, . part of which Is in
band. The balance win be raised on
the two National Relief Days,
October 21 and 22, set apart by the
President's proclamation.
GRAIN SUGGESTIONS ASKED
Rnles for New Federal Standard
Tentatively Drafted.
WASHINGTON, Oct. 15. A tentative
draft of regulations to carry into effect
the new Federal grain standards act
was mailed to members of the graitt
trade throughout the country today by
the Agricultural Department with a re
quest that any suggestion for their
amendment be sent in promptly.
The Department announced that the
standards for shelled corn would be
come effective December 1 and that It
was ready to consider applications for
inspectors' licenses.
Earl of Rothes Wounded.
LOXDOK, Oct. 16. Lieutenant-Colo
nel the Earl of Rothes has been
wounded at the front. It is believed
that his condition is serious.
une -ari or Kothes Is a representa
tive peer for Scotland. He was born
in 18 J.- me son or Martin Leslie. nrl
succeeded to the title on the death of
nis granamotner m 1893.
Standard Oil Strikers Quiet.
BATONNE, N. J.. Oct. 15. The strike
situation here of the employes of the
Standard Oil and other companies, was
quiet today. The police maintained
their "dead line" about the industrial
section.
J. D. Farrcll Returning'
J. D. Farrell, president of the O.-W.
R. & N. Company, who went East to
Elkton, S. D.. over a week ago with
the body of his mother, is expected
back in Portland in a few days. No
definite word as to when he will arrive
here ha been received.. ...
' ' l W" f.i. ' - ' ii i iZZLTZje:
OHEGOA. . MONDAY,
pWigiiiii tin! m liraillillfiSIl! M 1 iWSM8PM
Iliigpil fl ill m Si illilili immmm
WOMEN FOLLOW MOVE
LEGISLATIVE COUNCIL PROPOSAL
TO OO BEFORE STATE W. C. T. XT.
Several Large Bodies Are Behind
Scheme to Eliminate "Uodse,
Podg;e Lea-Ulatton.
Members of parent-teacher associa
tions throughout the state are express
ing great interest in the recommenda
tions for the founding: of a women's
legislative council, that were adopted
on Saturday at the closing- session of
the state convention of the Oregon
Congress of mothers and parent-teacher
associations, held In The Dalles.
This council has been approved also
by the Oregon Federation of Women's
Clubs and the Consumers' League, and
will be brous-ht up for Indorsement of
the state W. C. T. U. at their convention
in Pendleton this week.
The larger organisations In which
women predominate as members will
be represented on the council, fvhlch
will be formed to do away with hysteri
cal and cumbersome legislation, and
will prevent overlapping in the intro
duction of bills at the State Legisla
ture. The council will be a clearing-house
In which bills that deal with the same
and similar subjects will be gone over
carefully and those that are superflu
ous will be eliminated. It will be the
means of doing away "with the hodge
podge legislation of past years, one
of the clubwomen stated. Mrs. C. W.
Hayhurst represented the Oregon Con
gress of Mothers on the council com
mittee. AFRICAN AIRMAN KILLED
Norman Prince Succumbs to Wounds
Sustained In France.
BEVERLY, Mass.. Oct 15. Norman
Prince, the American aviator who was
wounded recently in France, died to
day of his injuries, according to a cable
message received by his mother. The
message, which was sent by the young
man's uncle. Dr. Morton Prince, who
is In Paris, gave no particulars.
Prince, a graduate of Harvard TJil
versity, gave up the practice of
OCTOBER 16, 191G.
The greatest pleasure that comes from the possession of any
musical instrument is to be able to hear at will the world's
best music sung and played by the world's greatest artists.
And of all instruments the Victrola alone brings you this
exquisite music in all its beauty.
The actual living .voices of the most famous singers Caruso;
Destinn, Farrar, Ghick, Hempel, Homer, McCormack, Melba,
Ruffo, Schumann-Heink, Scotti, Tetrazzini. The superb art
of the foremost instrumentalists Elman, Kreisler, Paderewski,
Powell, Zimbalist. The entrancing music of the most cele
brated bands and orchestras Sousa's Band. Pryor's Band,
Conway's Band, Ves'sella's Band, Victor Herbert's Orchestra.
The delightful humor of the cleverest comedians Harry
Lauder, Nora Bayes, Raymond Hitchcock.
All this charming music and entertainment is recorded on
Victor Records absolutely true to life, and on the Victrola in
your own home you hear it exactly as it comes from the lips of
the singers and the instruments of the musicians.
Daily demonstrations at all Victor dealers'. Go today and hear the kind of music you
like best. The Victor dealer in your neighborhood will gladly play it for you and demon
strate the various styles of the Victor and Victrola $10 to $400.
Victor Talking Machine Co Camden, N. J.
Important warning. Victor Recordsman be safely and satisfactorily played only with
, Victor Nmmdlmm or Tttnwm-tnm Stylam on Victor, or VictrolM. Victor Record, cannot b.
Mfcly pl.ycd on machines with jeweled or other reproducing: ooints.
' New Victor Record, demon.tr.ted at all dealers oa the 28th of aca month
In Chicago to serve In the French avia
tion corj ami gained the rank of eer-geant-major.
Last week he was deco
rated for distinguished service.
BUSINESS MEN ELECT
Lamar, Colo., Cbosen as Place for
Holding Next Convention.
NEW ORLEANS Oct IS. The con
vention of the Young Men's Business
Clubs of America came t a close here
yesterday with the selection of Lamar.
Colo., as next year's meeting tlace and
FEKTU
7
ELL-AMS
Absolutely Removes
Indigestion. One package
proves it 25c at all druggists.
l.V-jlj.;. ' ii i ' miss
tw vnvrr tf y I
icnlaJrKjfCaJ01
the election of the following officials:
President. If. 8. Williams. Jackson.
Miss.: firnt vice-president. Charles K.
Dunbar. New Orleans; second vice
president C. H. Wooden. Lamar. Colo.;
third vice-president. A. L. Bowers. Ak
ron. Ohio: secretary, Lawrence O.
Sprosty, Cleveland; treasurer, A. D.
Stttt. Jamestown. N. Y.
The board of control will decide
later on the date for the next convention.
Tea Examiner to Visit Tacoma.
WASHINGTON. D. C. Oct 15. (Spe
cial.) George 5". Mitchell, the super-vifflng-
tea examiner of the Treasury
GO
UNION PACIFIC SYSTEM
SUTERIOR SERVICE
Through Sleeping: Cars to and from Chicago,
Kansas City, Omaha, Denver and intermediata
points. Dining; Car Service second-to-none.
The Route is via the famous Columbia River
The t)ld Oregon" and "Pioneer" Trails won
derful in scenic and historic interest. Auto
matic Signals guarding the entire main line,
and 1740 miles of double-track are guarantees
of the high standard the Union Pacific seta.
UNION PACIFIC SYSTEM
JOINS WEST AND EAST WITH A BOULEVARD OF STEEL.
Tickets, reservations and travel servtee to suit your neels upon application to
CITY TICKET OFFICE, Washington at Third
Broadway 4500, A-612L.
113111
f jpjj
Department, will leave here la a weelc
or so for Tacoma. Wash-, to go over the
year's work with Examiner L. G. Fen
ton, of Tacoma. Mr. Mitchell's trip is
in the nature of an annual inspection.
The Tacoma office examines the tea
entering the ports of Seattle and Port
land, as well as Tacoma.
Tent Clotli Plant Burns.
POTJGHKEEPSIE. N. Y, Oct If.
Fir of mysterious cause yesterday de
stroyed the large plant of the Price
Flreprooflng Company, of this city, with
a loss of probably $200,000. The plant
contained tent cloth for the entente
allies.
EAST