Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 20, 1916)
v. THE MORNING OREGONIAN; WEDNESDAY, DECEMBER - 20, 1916. PRICES FALL OFF AS PEEMIFR SPEAKS Wall Street Spends Hour Try ing to Interpret Signifi- cance of Discourse.- LLOYD GEORGE URGES PEOPLE -NOT TO FORGET REAL ISSUE "It Is Not What a Nation Gains, but What It Gives That Makes It Great,'.' Says Premier Eloquent Tribute Paid to New Army All Enjoined to Sacrifice Quagmire of Distrust Real Enemy of Ireland. "WAR BRIDES" LEAD WAY Rally Comes Just at Close of Mar ket, and United States Steel Uegalns' Most of IjOSS Almost at Close. lvUW YORK. Dec. .19. Prices broke violently on the stock market today nfter the publication of. the remarks of Premier" Lloyd George on the German peace proposals. The downward move ment did not begin, however, until an hour after the receipt of the first ex cerpts from - his speech. During this time, . as - the fragmentary additions came In. Wall street spent one of the tensest 60 minutes in its history en deavoring to interpret the significance of the British Premier's discourse. Confusion and perplexity seemed to reign, which was reflected in hesi tancy, little rallies and declines and a hound upward before the slump began. Then suddenly the stock tickers began to reel off the message that stocks were being offered down. The mar ket fell off rapidly, and before the final hour of trading was over ex treme declines of. from 4 to 10 points had been registered. ' Interest at High Pitch. Probably never in history has London been such an overshadowing factor in the New York stock market as today. Trading in the. morning was irregular. with only a nominal output. Interest in what Lloyd George would say was at high pitch .and business waited for word from the head of Britain's new Ministry. The stocks which suffered were those of concerns which have derived huge incomes . from - sale of war supplies. There was a rally Juet at the close, however, of from one to five points. United States Steel ' was offered down "in single lots of 1000 to 5000 shares from 116 to 109, this change being wrought in very little time Other shares that registered extreme reces tsions of four to ten points included 'Gulf States Steel, Crucible Steel, Cen tral Leather, Baldwin and American Locomotives, Cuba Cane Sugar, Amer ican Zinc, Butte & Superior and In dustrial Alcohol, with 17 for Atlantic, Gulf & West Indies. Some Low Records Made. Pronounced depression also was man ifested by Mercantile Marine, Inter national Paper, Republic Iron, Texas Company, Utah Copper, Lackawanna Steel, Pittsburg Oil and Ohio State Gas. Of these Atlantic, Gulf & West In dies, Central Leather, Utah Copper and Butte & Superior made low records for the curfrent decline, showing at their extreme depression-losses of two to five points from lowest quotations of last Friday, that day marking the tempo rary culmination of the recent period of liquidation. Steel closed at a net loss of a point, making up much of its recovery, iri the final 15 minutes xwith other active 'ONDONT. Dec. 19. After he had m;u3ijea me aiues amuae to ward the German peace - propo sals, and had outlined the government's future policy toward domestic Issues connected with the war. Premier Lloyd George, in his speech in the House of Commons today, spoke of -the new army, of the sacrifices that war en tails and of the duty of the people. Striking sentences from this part o his address were: "An absolutely new army! The old had done its duty and spent Itself in the achievement of that great task. This is a new army. A year ago it was ore in the earth of Britain yea, and of Ireland. It became iron. It has passed through the fiery furnace and the enemy knows that it is now fine steel. Oreatet Army In World Faced. "An absolutely new army! New men, new. officers taken 'from schools, boys from schoqls, from colleges, from counting houses, never trained to war, never thought of war; many, perhaps, never handled aweapon of war; gen erals never given an opportunity of handling great masses of men. "They have faced the greatest army in the world, the greatest army the w'orld has ever seen; the best equipped, the best trained, and they have beaten them, beaten them, beaten them. "Battle after battle, day after day, week after week, in the strongest en trenchments ever devised by human skill, they have driven them out by valor valor which is incredible when you read the story of it. "I have no doubt that the old cabi nets were better adapted to navigate the parliamentary river, with its shoals and drifting sands, and perhaps for a cruise in home waters. But a cabinet of 23 was rather top-heavy for a gale. I do not say that this new craft is best adapted for parliamentary naviga tion, but I am convinced that it is best for war. - Equal Readiness Demanded. "You can't have absolute equality In sacrifice. In war that is impossible. But you can have' equal readiness to sacrifice from all. There are hun dreds of thousands who have given their lives; there are millions who have given up comfortable homes and ex changed them for daily communion with death. Multitudes have given up those whom they loved best. Let the nation as a whole place its comforts, its luxuries,- its indulgences, its ele gances on the national altar consecrat ed by such sacrifices as these men have made! Let us proclaim during the war a national Lent! The nation will be better and stronger for it, mentally and morally, as well as phy sically. Without it we shall not get the full benefit of this struggle. "Our armies have driven the enemy out of the battered villages of France and across the devastated plains of Belgium. They might hurl him across the Rhine in battered disarray. But unless the, nation as a whole shoulders part of the burden of victory, it won't profit by the triumph, for it IS not what a nation gains, but what it gives, that makes it great." Challenge Sent to Civilization. The Premier's peroration was as fol lows: "If in this war I have paid scant heed to the call of party It is because 1 realized from the moment that Prus sian cannon hurled death at a peace able and inoffensive little country a challenge had been sent to civilization to decide an issue higher than party, deeper than party, wider than all par ties; an issue, upon the settlement of which will depend the fate of the men in this world for generations. When existing parties will have fallen like dead leaves on the highway. "These issues are the issues I want to keep in front of the nation, so that we shall not falter or faint in our res olutions. "There is a time In every prolonged and fierce war when, in the passion and rage of conflict, men forget the high purpose with which they entered it. This is a struggle for Internationa right, international honor, interna- tional good faith the channel along which peace, honor and good will must flow among men. Embankments Broken Down. "The embankments laboriously buut up by generations of men against bar barism have been broken, and had not tne might of Britain passed Into the breach Europe would have been inun dated with a flood of savagery and un bridled lust of power. .-' "It is not a mere haphazard law of supply and demand that will accom p)ivh that which is necessary to save a nation within the time it is essen- t-tial it should be accomplished. It is not a question of years, it is "a question of months . perhaps weeks, and unless not merely the material resources of the country, but the labor of the coun try is used to the best, advantage and every man is called upon to render such service to the state as he can best give, victory is beyond pur reach. I wish it were possible to remove the misunderstanding between Great Britain and Ireland which for centuries has been auch asource of misery to one and an embarrassment and weakness to the other. I should consider It a great victory for the allied forces. "I tried once to remove the misun derstanding between England and Ire land. I was drenched with suspicion of Irishmen by Englishmen. " and ' of Englishmen by Irishmen, and, ' worse and most fatal of all. suspicion by Irishmen of Irishmen. It was a quag mire of distrust which clogged my footsteps and made pragress impos sible. Solution f Irlnh Problem Seen. "That is the real enemy of Ireland. If that could be slain I believe it would accomplish an act of reconciliation that vould make Ireland greater and Brit ain greater, and make the United King dom and Empire greater than they ever were before. That is why I have al ways thought and said, the real solu tion of the Irish problem is largely one of better atmosphere. I am-speaking not merely for myself, but for my col leagues, when I Bay we shall strive to produce that better feeling. ' "The policy of a common frorit must be a reality. It is on the' other side. Austrian guns are helping the (Ternian infantry, and German infantry is stif fening the Austrian arms. The Turks are helping the Germans; Austrians and Bulgarians mix with all. There is an essential feeling that there is but one1 front, andwe have got to get that more and more, instead of having overwhelming guns on one side and bare breasts and gallant hearts on the other." ALLIES WILL REJECT OFFER, SAYS BIND French Premier Tells Senate Peace Proposals Are Not Taken Seriously. CABINET IS UNDER FIRE A Free Sewing Machine Is tfe Most Acceptable of Gifts to o Store Open Tonight Until 9 P. M. j Kodaks For Xmas on Sale " First Floor 6L . t") pp. a (o: toman wouie co vc tPrlercKandiso of of Merit Only"' Glove Bonds, Merchandise Certificates On Sale First Floor. REPARATION IS CONDITION ' (Continued From First Page.) which had been accentuated in Great Britain by weather which prevented the sowing of Winter wheat. He an nounced plana for the organization of agricultural control, for. control of Bhipping and the arming of merchant men, greater control of mines and the feuppression of the taking of exces sive profits. Allies Are in Accord. Rising in the House ft few minutes after 4 o'clock the Prime Minister eaid: "I appear before the House of Com mons today with the most terrible re sponsibility that can fall upon the shoulders of any living man as chief adviser of the Crown, in the most gi gantic war in which this country has ever engaged, a war upon the events of which its destiny depends. It is the greatest war ever waged; the burdens are the heaviest that have been cast upon this or any other country and the issues the gravest that have been at tached to any conflict in which hu manity was ever involved. "The reSDonsibilitie.q of the new fov- ernment have been suddenly accentu ated by the declaration made by the German Chancellor. The statement made by him in the Reichstag has been followed by a note presented by th United States without comment. The answer given by this government will be given in full accord with all our allies. "Naturally there has been an inter change of views, not upon the note, be cause it has only recently arrived, but upon the speech which impelled it, and as the note Itself Is practically only reproduction of a paraphrase of the speech, the subject matter of the note itself has been discussed informally between the allies. I am glad to be able to state we each separately and Independently arrived at identical con elusions. France and Russia's Right First. "I am very glad that the first an ewer given to the statement of the German Chancellor was given by France and Russia. They have the un questionable right to give the first an swer to such an invitation. The enemy is still on their soil and their sacri fices have been the greater. "The answer they have given has already appeared in the papers and pimply stand here to give clear and definite support to the statement they have already made. "Any man or set of men who wan tonly or without sufficient cause pro longed a terrible conflict like this would have on his soul a crime that oceans could not cleanse. "On the other hand, it is equally true that any man or set of men who, from a sense of weariness or despair, aban doned, the struggle without achieving the high purposes for which we en tered it would be guilty of the costli est act of poltroonery ever perpetrated by any statesman. '.'I should like to quote the words of Abraham Lincoln under similar condi tions: " We accepted this war for an ob 'Ject, and a world object, and the war will end when the object is attained tinder God. I hope it will never end untilf that time. Acceptance Puts Heads Into Noose, "Ar6 we likely to achieve the object by accepting the invitation of the Ger man Chancellor? What are the pro posals? There are none. "To enter upon the invitation of Germany, proclaiming herself victor lous, without any knowledge of what proposals she purposes to make, into a conference, is to put our heads Into a noose with the rope end in the hands of Germany. "Thle country is not altogether with out experience In these matters. This is not the first time we have fought a great military despotism overshadow ing. Europe, and it won't be the first time we have helped to overthrow a military despotism. We have an un- omfortable historical memory of these things and can recall one of the great est jot these deepots, whose favorite device was to appear in the garb of an angel of peace, either when he wished time to assimilate his conquests or to reorganize his forces for fresh con quests, or, secondly, when his eubjects showed symptoms of fatigue and war weariness, an appeal was always made In the name of humanity. He demanded an end to the bloodshed at which he professed himself horrified, although he himself was mainly responsible. Our ancestors were taken in once. and bitterly they and Europe rue it. The time was devoted to organizing his forces for a deadlier attack than ever, upon the liberties of Europe. Reminiscent Disquietude Felt. 'Examples of this kind cause us to regard this note with a considerable measure or reminiscent disquietude. "We feel that we ought to know, be fore we can give favorable considera tion to such an invitation, that Ger many is prepared to accede to the only terms on which it impossible peace can be -obtained and maintained in Europe. Thpse terms have been repeatedly stated by all the leading statesmen or the allies. . They have been stated re peatedly here and outside. To quote the leader of the House last week: ' 'Reparation and guarantee against repetition, so there shall be no mrs take, and it is important that there should be no mistake in a matter of life or death to millions.' 'Let me repeat complete restitution full reparation and effectual guaran tees. "Did the German Chancellor use single phrase to indicate that he was prepared to accept such a peace? Was there a hint of restitution? Was there a suggestion of reparation? Was there an implication of any security for the future, that this- outrage on civiliza- tion'would not again be perpetrated at the first profitable opportunity? German Kote Is Denial of Peace "The very substance and style of the speech constitutes a denial of peace on the only terms on which eace is possible. He is not even conscious now that Germany has committed any offense against the rights of free na tions. Listen to this from the note: " 'Not for an instant have they (the central powers) swerved from the con viction that respect of the rights of other nations is not in any degree in compatible with their own rights and legitimate interests.' "When did they discover this? Where was respect for the rights of other nations in Beligum and Serbia? That was self-defense, menaced, I suppose. by the overwhelming armies of Bel gium. I suppose the Germans had been intimidated into invading Bel gium and burning Belgian cities and villages, ' into massacreing thousands of its inhabitants, old and young. :into carrying of the survivors into bondage. Yea, and they were carrying them into slavery at .the very moment this note was being written about their unswerving ofcnviction as. to the respect due the rights of other nations. Are these . outrages the legitimate interest of Germany? We must know that is not a moment for peace. If excuses of this kind- for palpable crimes can be' put forward two and a half years after exposure by the grim facts, is there any guarantee that sim ilar subterfuges will not be used in the future to overthrow any treaty of peace you may enter into with Prussian militarism? Alphabet of Respect Not Learned. "The note and speech prove that they have not yet learned the alphabet of respect for the rights of others. 'Without reparation peace is impos sible. Are all these outrages against humanity on land and sea to be liqui dated by a few pious phrases about humanity? Germany leaves us to exact the damage for all future violence com mitted after the war. We must exact it now, so as not to leave such a grim inheritance to. our children. "Much as we long for peace, deeply as we are horrified with war, this note Member Accuses Ministry of Weak ness 51. Briand Replies Time Is Consumed in Appearing Before Committee. PARIS, Dec. 19. Premier Briand an nounced In the Senate today that the entente allies would send tomorrow concerted reply making' known "to the central powers that it is impossible to take their request for peace seriously." Henry Berenger, Senator for Guad alupe, today in the Senate accused the Cabinet of weakness and dilatoriness. The Senator said the new linistry had brought about only a change in per sonnel. This was shown in the way in which the war. was being directed the -French had been unable to drive the Germans beyond, the frontier. "Do you think that your past war record," said M. Berenger, addressing Premier Briand. "gives us sufficient assurance for the future?" t Premier Answers Reproaches. M. Briand. in replying, deprecated reproaches against the government ,at this grave period, "because the men In power must be able, to work with the necessary freedom of mind, have unin terrupted confidence at home and for their actions afiroad, and our allies must not be allowed to think that our government is under suspicion and the menace of interpellation." "I am ready," M. Briand continued, "to make way any time for him who may be Judged more worthy than I. But I ask you, with the system, employed up to this time, what government could resist? As for me, I have gone more than 44 times before the committee (each committee composed of 44 mem bers) and lately was detained ten en tire days in secret sessions of the Chamber. I ask you, under these con ditions, how a president of the Cabinet can be a 'war president," a president of energetic action? When you know the facts of the terrible task to which I am bound, then you will judge me and condemn me if you think fit." . Verdun Victory Applauded. II. Briand alluded to "the latest French victory at Verdun, which evoked much applause. Referring to the general military situation, the Pre mier continued: "If we have not broken through. neither have the Germans broken 'through, after 40 years of preparation, even though it might have been thought they would triumph after having vio lated Belgium. Fortunately, French soldiers, nearly alone at that time, blocked the way and said 'no thorough- rare.' The government from the begin ning did its duty in permitting our allies to organize." The Premier sketched what Russia and Italy had done and alluded to joint efforts that had been for unity of action. "The government thinks." said M. Briand, "It has given proof of all required energy. But if the Senate doubts this, let anyone take the stand with documents and we will reply." An Umbrella Is Certain of Appreciation And here is a splendid collection of Moderate Priced Umbrellas for Gifts. At $4.65. Pure 'Silk Taffeta in black, with sport loop handles .and regular frame". At $5.00 Club stick style-of pure silk taffeta, in black and an 'assortment of fasn ionable colors. At $2.65. Black union taffeta umbrellas, with short loop handles and regular frames. At $5.00 to $8.50. Novelty Umbrellas in India shape, the new 10-rib brass frame and reg ular frames new Penwick and crook handles, some have the new ivory ring in handles. Black and colors. Men's Umbrellas for $5.00 . Of good heavy quality silk taffeta, in a good assortment of handles, vith the regulation 28-inch frame. Second Floor. I The Great $75,000 Sale of Objects of Art Wholrnalc & Retail. 10O6. Worth-Whi!e Gifts in Oriental Rugs Nothing could make a more ac ceptable Christmas gift than an Oriental Rug, lasting, as they do, indefinitely, bringing back memo ries of the giver, and being a con stant source of pleasure to the for tunate recipient. Store Open Evenings Till Xmas. CART0ZIAN BROS. .Importers of Oriental Rags. Washington at Tenth, Pitock Block. Conoluded on Pare 8, Column FREIGHT EMBARGO 'PLACED TTnion Pacific and Line Take Oregon Action. Short In the effort to clean up the line of delayed freight shipments the Union Pacific and Oregon &hort "Line yester day issued notices that an embargo would be place on all traffic received from any competitive point on its sys tern - and intended for shipment to points east of Chicago. This does not affect the O.-W. R. & N. line in any way, as no traffic congestion exists here. It is put into effect, it is said, to allow an adjustment "of the freight glut on the Eastern lines. The em bargo will not go into effect until De cember 26, and it is expected, that it will be raised on January 7. ... The Great Northern Railway, accord ing to M. J. Costello, assistant trarffic manager of the Great Northern, who was in Portland yesterday, has put in effect a defensive measure that al lows -it to reject traffic on eastbound shipments originating at competing points on its lines and Intended for Eaktern terminals. The Northern Pa cific put into e-ffect a similar embar go a week ago. The Southern Pacific is expecting to receive similar orders to limit business for Atlantic Coast points from the head offices of the 'company in San Fran cisco nt any time. . First of All, a Diamond! You will find here a wonderful collec tion of diamonds, ranging from the small, full-cut solitaire rings at $10 up to the magnificent stones at $1200. Your especial attention is directed to our showing of solitaires- of unusual beauty and brilliance at $50, $75, $100 Fine Wrist Watches , . You can be pleased here, for we show the largest assortment of Wrist Watches in Portland. Prices and styles range from the schoolgirl's reliable watch at $4.50 up to the finest of diamond and platinum time-keepers at $250. Special 15-jewel Bracelet Watches 815 Elgin Green Gold Octagonal Bracelet Watches with ribbon bracelet 832. 50 and 8-iO . . 4 New Ivory Flower Novelties $1 to $4 Hundreds of Gifts for Both Sexes. 310-312 Washington Street. it Wouldn't it be pleasant to find a handsome Silk Sweater among one's Xmas Gifts? We are showing a full line of fine all-silk Sweater Coats, in rose, green, plum, Kold, Copenhagen, orchard, salmon and fancy color combinations and then there are the new plaids and block patterns in a variety of novelty effects. In various models, some with sashes, others gathered, and with new sai lor collars. Priced at $25.00, $28.50, ' $32.50 and $42.50 Third Floor". OFFERS THOUSANDS OF XMAS GIFTS From One-quarter to Half Off This great gift floor is filled to overflowing with gift sugges tions no matter what price you wish to spend, it can best be spent in this section., . Below we list a few items to give you some idea of the reductions but come, visit this gift floor yourself, and you will find greater offers and more than we can ever- have .. space for in the papers. $ 3.50 imported brass Desk Lamp, complete $ 1.45 $ 8.00 bisque imported Boudoir Lamp, with shade $ 385 75c Swedish Iron Twist Spiral Candlestick, 38a $ 3.00 Bohemian gilt nut sets, 6 pieces $ 1.95" $ 6.50 Wurtemberg Sugar and Cream Set $ 2.95 $5.00 Wurtemberg Fruit Bowls for $ 2.45 $ 3.00 Novel Tobacco Jars, convenient size $ 2.00 $12.00 English Rock Crystal Vase $8.00 $ 3.00 Hand-painted Bohemian Comport . . .$ 2.00 $ 4.00 Cameo Bohemian Art Glass Vase. . . .$ 2.00 $50.00 Florentine Marble Figures. . : $33.34 $22.50 Florentine Marble Bust for $15.00 $ 6.50 Bronze Head of Dante for $ 4.34 $38.00 Coffee and kCor dial Set, on Tray ... .$19.00 $30.00 Dresden China Tea Set, on. Tray. . . .$20.00 -Sixlh Floor. 1 A Woman's Gift to a Woman -r Philippine Underwear Hand-Made and Hand-Embroidered Nothing vyu could give her would be more appreciated than one of these exquisite, imported garments. ' Made of the finest lingerie, in most varied assortment of hand embroidered designs, finished with eyelets, strung with dainty colored ribbons. Gowns at $2.25, $3.39, $3.85, $4.95 to $6.45. Envelope Chemise at $2.35, $3.39, $3.85 to $4.95. Chemise at $1.98, $2.49 to $2.95. Vests at $1.35 and $1.49. Packed in Holiday Boxes if requested. Fourth Floor. Come Today- Don't Delay - Order Your YICTRQLA OUTFITS And Secure 'Special Christmas Terms Come and See The Exhibition of Finished Pieces Entered in Our Great Needlework Contest The prize-winners are: For Wool Crochet First prrV". Mrs. J. M. Thomas. Second prizo. Mrs. M. Slen wernagol. Honorable mention, Marie Peterson For Wool Knitting First rize, Mrs. J. A. Henry. Second prize. Mrs. M. Ciiernis. Honorable mention. .Mrs. X. DeLunous. For Cotton Embroidery First prize, Mrs. Anna Lysonn. Second prize, Mrs. ". G. Carey. Honorable mention, Mrs. J. Younger For Silk Embroidery First prize," Mrs. Thomas. Second prize. Mrs. J. J. Fry. Honorable mention. Mrs. t. E. I'rosscr. v For Cotton Crochet First prize. Mrs. C. A. Renson. Second prize. Airs. Cliff. Honorable mention. Mrs. R. H. Guthrie. The Children's Contest' First prize for crochet, Jennie Faveluk. Honorable mention, Franfcis Kriedenthal. First priz for embroidery, Marfrarito Ruhnko. Honorable mention, Audry Treyask-ia. Fifth Floor. i $50.00 Machine with 12" double-faced records needles,"' all for the price of . . . . ' $W0.60 'Machine ' with 12 double-faced records needles, for the one price of . . , and 1 000 $59.50 and 1000 $109.50 $75.00 Machine ? with ,12 double-faced records and 1 000 OO i Cfi needles, for the one price of POrt.DJ $150.00 Machine with 1 2 double-faced records and 1 000 needles,- for the one price of.". . . T..S159.50 Mezzanine Floor. Holiday Knit Slippers Lined with lambs wool and soft, flexible soles, finished with cuffs or high tops. In all shades of light blue, red grey, brown, lavender, rose, pink, chinchilla and black: Pom pom or bow finish. All sizes 3 to 8 priced at 75c, $1.00, $1.19, $1.25. Misses Slippers $1.00. Children's from 6 months to 12 years, 75c and $1.00. Fourth Floor 0 Special Orders Taken for Xmas Candies 0-t Your Ghocer IS RELIABLE He wants to hold your trade 32 .. and tries to sell' you brands ne Knows vou will like. . - He is always ready to recommend V Baking Powder -Ask him 77 PHone Your Want Ads to THE 0REG0NIAN MAIN 7070 AS095 to