Morning Oregonian., August 05, 1920, Page 2, Image 2

s
PONZI PAHS MILLION
ON NOTES IN 3 DAYS
Waiting Line Depleted Before
Close of Business.
FINANCIER IS . CHEERED
Federal Accountant Tails to rind
Anything Criminal Italian
Dresses In White.
BOSTON, Mass., Aug:. 4. Spectal.)
Payment of more than $1,000,00 In
the past three days by Charles Ponzi.
proprietor of the Securities Exchange
company, appeared today to have ef
fectually met the run on the concern,
and when business closed for the day
at 4 o'clock this afternoon there was
no one waiting in line.
All excitement passed away from
the nine-day financial attraction. Em
ployes of the financial company left
the office at 27 School street Just be
fore closing; time, and announced in
loud voices that there was Btill op
portunity for note holders to present
them, but there were no more comers.
Kverybody, apparently, who had any
demands on Ponzi had been satisfied.
George W. Storck of the United
States department of justice, who ar
rived in Boston last night, supposedly
in connection with the Ponzi case
was in conference during the day
with the assistant United States dis
trict attorney, but no visit was made
to Mr. Ponzi's office.
Ponxl Garbed in White.
Payments in the past three days,
from statements civen out at the of
fice of the Securities Exchange com
pany, are said to total somewhere
over $1. 000,000, as follows:
Monday. 1418,000: Tuesday. $353,
950.62: Wednesday, S313.258.75; total
for three days. 11.085,209.37.
Ponzi kept away from his office
today. He left his palatial home in
Lexington at the usual hour, clad
Immaculately in a whrtte Palm Beach
suit, with white leather shoes, and
started for town, but he never reached
his offices. There it was announced
that he was in conference with bust
ness men in the matter of resuming
business as soon as the voluntary sus
pension of ten days expired, which
would be tomorrow night. If no new
developments occur it is expected
that Ponzi will commence to issue
notes again Friday of this week.
The audit of Ponzi's books contin
ued today by Edwin L. Pride, and
again it was announced that nothing
In the way of a criminal nature had
been discovered. Mr. Pride announced
that the purpose of his audit was to
ascertain the amount of Mr. Ponzi's
liabilities, and that if enough assets
to cover the liabilities could be shown
there would seem to be nothing fur
ther to be done.
The representative of the state attorney-general's
department took no
action today and announced that he
was acting under the direction of his
superior.
Knormona Income Tax.
But a new phase of the case came
today in a communication to a finan
cial paper, which pointed out that if
all of Ponzi's claims are true the
financial wizard was liable to an enor
mous income tax. This suggestion
was made in the following way:
Ponzi is subject to income and ex
cess profits taxes. The treasury de
partment will cash in to the extent
of S8. 759, 840. assuming Ponzi makes
J12.000.000 for the year. The city of
Boston and commonwealth of Massa
chusetts will extract about $840,000.
In other words, if Mr. Ponzi claims
he makes $13,000,000 up to and in
cluding the end of 1920. and in fact
does, provision must be made for
about $9,000,000 in taxes, which the
auditors should not overlook in es
tablishing his liabilities.
" "There is no law which can force
me to show all my assets," Ponzi as-
eerts. tahow me my liabilities and
I'll show enough cash to cover them."
Speculators, two of whom claimed
to have made $14,000 yesterday by
purchasing notes at 10 per cent dis
count, met with little success today.
Ponzi and his wife attended a the
ater tonight and his appearance was
the signal for shouts and' cheers.
FIRST GOOD PHOTOGRAPH TO REACH PORTLAND OF MONET
WIZARD WHO IS SETTING COUNTRY BY THE EARS.
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LEAGUE'S LOYALTY
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Creation Drifting Away, From
Its Creator.
COX HAS GRAVE PROBLEM
Photo Copyright by Underwood.
CHARLES POXZI.
Charles Ponzi of Boston, Mass.. head of the Securities Exchange com
pany, says he has made $8,000,000 in the past year and expects to make
about $30,000,000 before OctoberJ. from international reply coupons. His
business has mystified postal and financial experts. The U. S. government
and state of Massachusetts are investigating to determine if he is solvent,
as investors are flocking to give him their money, on which he promises
50 per cent interest within 90 days. He came here from Italy a few years
ago with but $2.50 in his pocket.
IS
irSTR.LIAX PREMIER PATS
RESPECTS TO PRELATE.
NEW DIVISION CREATED
Salvation. Array Headquarters to Be.
in San Francisco.
SAN FnANCISCO, Aug. 4. Creation
of a new western territorial division
of the Salvation army, with head
quarters in San Francisco, embracing
California. Washington, Nevada, Utah,
New Mexico, Idaho, Arizona, Wyo
ming. Colorado, Montana, the Texas
panhandle and the Hawaiian islands,
was aunouncea nere today.
Adam uiltord. colonel In charge of
Salvation Army work In New York,
has been named commissioner
of the new territory, while Brigadier
Andrew Crawford of Atlanta, Ga., will
be made provincial officer here.
Changes in activities announced in
clude the publication here of a west
ern edition of tho War Cry, official
organ of the Salvation army.
Hughes .Declares Mannix Does Xot
Represent Irish People of
That Country..
MELBOURNE, Australia, Aug. 3.
W. A. Hughes, premier of Australia,
speaking here today, attacked Arch
bishop Daniel J. Mannix. who Is now
on his way from tne United States to
the British Isles after having been
notified he would be barred from Ire
land by the British government. The
premier's speech was virtually a re
ply to a statement made public in
New York city by Archbishop Man
nix July 29, in which he vigorously
denounced Mr. Hughes.
"Demonstrations in America favor
able to Archbishop Mannix," said Mr.
Hughes, "were carefully staged and
managed in a manner similar to that
pursued in those arranged in Aus
tralia, and the people who acclaimed
him there were Sinn Feiners, possibly
leavened with bolsheviki or other
wild fanatics.
"Archbishop Mannix does not rep
resent Australia on the Irish or any
other question.
"When he arrived In Australia
seven years ago, Australia was freer
from sectarian bitterness than any
country in the world. Spurred by
boundless personal ambition and hat
red of Great Britain, Archbishop Man
nix has fanned the dying embers of
religious bigotry into a fierce blaze.
He worked incessantly during the war
to prevent recruiting and help the
enemy defeat the allies, working
great harm to Australia."
lor Upton of Warren, Ohio, in charge
ot womens worn.
Miss Bush, who has just returned
from a trip through the west, pre
dieted that a majority of women voters
would vote for Senator Harding.
"It has been my experience that the
women have republican tendencies
she said. "This is ascribable to the
fact that the republicans have made
possible so many of the things that
women want in politics and govern
ment. Because of this and various
mistakes of the democratic adminis
tration, I look for a sweeping Hard
ing victory.
XOMIXEE SENDS GREETING
Connecticut Republicans Hear of
Signs of Victory From Senator
D ANBURY, Conn., Aug. 4. A greet
ing to the republicans of Connecticut
from Senator Harding was read at
an outing today which was held as a
testimonial to Schuyler Merritt, rep
resentative in congress.
ine spirit of republicanism was
never more pronounced than it is
now, the message said. By every
token trmt comes to me, I read a de
termination resolved upon victory.'
PREMIER HAS BUSY DS'
i-IiOVD GEORGE URGED TO
GIVE SUPPORT TO HOME RULE
ARTICLE X HELD MENACE
(Continued From First Page.)
ANTI-LEAGUE WAR BEGUN
Clielialis Launches 'Save Our State'
Rranch in First Move.
CHEHALIS, Wash, Aug. 4. Spe
ciail.) After a luncheon at the Hotel
St. Helens here today a local branch
of the "Save Our State" organisation
was launched to combat the nonparti
san league movement in Washington.
Don j. Abel, attorney and com
mander of the local American Legion
post, presided. Victor H. Beckman of
Seattle and Noel Sargent of Minneap
olis addressed the meeting, the latter
pointing out at length the purpose of
the nonpartisans to enforce state so
cialism on the citizens of this state.
Chairman Abel was directed to se
lect a committee of five to report at
a later meeting.
Parly Ascends Mount Adams.
WHITE SALMON, Wash., Aug. 4.
(Special.) The following party made
the ascent of Mount Adame during the
past week: Maurice, Alvln and
Ksther Balsiger, Ruby Napper, Ruth
Covey, all of White Salmon; Henry
Balsiger. of California; Arlene Bal
, eiger, of eastern Oregon. Dorothy
Jones of Trout Lake served as guide,
Jv'o difficulty was' experienced in
reaching their camp, at Cold Springs,
by auto over the new road built by
the forest service. This camp is
nearly at the snow line.
mean to do for eome nation of the
old world. We want them to be
republicans because of what we mean
to do for the United States of Amer
ica. Our call Is for unison, not rival
ing sympathies, our need is concord,
not the antipathies of long inher
itance.
"There is another thought relating
to concord so essential to continued
advancement. It was said the other
day that the democratic party meant
especially to appeal to the farmers
and the wage earners and let Amer
ica forget the failure of the world
experiment. If America can be made
to forget the attempted barter of
nationality, well and good.
CUh Appeal Scored.
Tt would be better if we could
forget. But when nationality to sur
rendered to internationally little
else matters and all appeal is in vain.
There is only one other menace so
threatening to our tranquillity. Thai
menace is the appeal to class In de
termining what our government is to
be. I would hold myself unworthy
of your confidence if I spoke an ap
peal to either farmers or wage earn
ers because of their larger num
bers. We wish the confidence of all
"In these modern days homes are
wrought through industry and thrift.
We have progressed to the modern
standards, outside the great cities,
where home-owning is the first step
toward competence and wholesome
contentment. The American system
with its equality of opportunity, has
opened the way and the American
constitution with its guaranty of civil
liberty makes possession secure.
"A home-owning people will be the
great goal of the republic, because at
every fireside centers all of hope, all
of ambition, all of education, all of
aspiration. .The big thing in our land
is this offering of opportunity and the
republican party means to maintain a
government and make secure condi
tions which will guarantee a fair
chance to every citizen and bid him
drink of our freedom and know its
rewards.
BIG WOMEN'S VOTE EXPECTED
Tenlnos Population 850.
CENTRA LI A. Wash.,.Aug. 4. (Spe
cial. ) Tenlno, with a population of
S50. is the biggest town in Thurston
county outside of Olympla, according
to centrus nsriwe8 announced yester
day. ASucoiia h-fl a population of 4t2.
s fiir'V'es
ila hM a .
Feminine Element Held Friendly
to Republican Cause.
CHICAGO. Aug. 4. Miss Adah
Elizabeth Bush of Indianapolis, sec
retary of the republican national exe
cutive committee, joined the staff at
the party's national headquarters to
day as assistant to Mrs. Harriet Tax.
Disposition Is.to Tgnore President,
Deal With Republicans and
Revive Hague Tribunal. '
BY MARK SULLIVAN.
(Copyright by the New York Evening
Post. Published by trrtaiemeat.)
WASHINGTON, Aug. 3. (Special.)
I? Governor Cox has "sensed" what
many of us think we observe. In the
internal developments of the league
nations in Europe, he must be con
scious of great embarrassment in an
ouncing his position and must wtsn
for as much time as possible before
finally committing himself. .Governor
Cox' problem is one of standing for
President Wilson's league of nations
or. standing for something different.
It must be apparent to him that if
e 'does indorse Wilson's position on
the league of nations he may find
himself a little later in the most em
barrasslng position of being more
loyal to Mr. Wilson than the league
ItseLf is, of standing- loyally by an
institution at the very moment when
that institution, of its own initiative,
has become something different. For
he thing that some of us sense as
happening Just new is a disposition
on the part of those European states-
me,n who control the league to Ignore
Mr. Wilson and . to do business with
the- republican party.
- K S, Actios Counted Final.
TO those of us who take this view
it looks as if the European statesmen I
who .control the league of nations
have made up their minds to accept
as final the repeated refusal of Amer
ica to Indorse Mr. Wilsons league,
and have determined, therefore, to
adjust themselves to the different
conception of America's international
relations set out in the republican
platform and in the utterances of the
republican leaders.
If this guess Is correct. It Is an
event in American and world history
of which the importance can hardly
be overstated. For setting it torth
now your correspondent does not pre-
end to- have much more than mere
shieds. of authoritative information.
But those shreds, coupled with the
plain trend of what is being done by
the league itself, are strikingly convincing.
Root Conception Adopted.
On Friday last a session of the
secretariat of the league of nations
began in San Sebastian and the chief
business of that session is to take of
ficial action bearing away from
President Wilson's notion of the
league of nations and moving straight
in the direction of that conception ot
international relations which is in
dorsed by - the ; republican platform,
which was repeated by Mr. Harding
in his speech of acceptance and which
waJ set out specifically by Senator
Lodge's speech of notification to Mr.
Hording.
Moreover, this action which the
league of rtatlons is now engaged in
adopting officially is the one which
was proposed and worked out in de
tail by Elihu Root, the writer of the
republican plank on the league of
nations issue. The difference between
President Wilson's conception of the
lesgue of nations and that conception
which arose in Elihu Root's mind and
which Mr. Root has now succeeded in
persuading the league of nations it
self to adopt iu a difference in prin
ciple so wide as to be practically contradictory.
Double Reception of Cork and Dub
lin Groups Causes Stir in
House of Commons.
LONDON, Aug. 4. (By the Assoc!
aled Press.) Poland and Ireland gav
fremler Lloyd George a busy day
loaay. in addition to. presiding at
cabinet council and discussing these
questions, be received in the after
noou and the evening a deputation of
Irish unionists and nationalists from
Dublin and Cork, who urged him
grant dominion home rule lor Ireland.
Ihe deputation was headed by Sir
&taniey Harrington, commissioner tor
clucation in Ireland.
With the premier were Andrew Bo
nar Law, Lord Privy seal Sir Ham
Tier Greenwood, chief secretary for
ireianu, and other ministers.
An official report of the conference
wili be issued snortly. Between these
conierences Air. Lloyd George an
Mr. Bonar Law received Leo Kamen
eff. president of the Moscow sovie
Leonid Krassin and other members o
tlie Russian mission which has com
to London in an endeavor to solve
the trade situation between Great
Britain and Russia. This was the
first official reception of the Rus
sians' since theli return to ISondon.
The discussion was confined to the
Polish crisis.
The premier's reception twice of the
Cork and Dublin deputation was the
cause of the interest in the lobby of
me nouse or commons, it was said
in the lobby of parliament that the
delegation had urged the government
10 arop tne new Irish crimes bill and
substitute a generous home rute
measure. To the objection that the
visitors did not represent the Sinn
Feiners, the delegation argued that
the procedure they advocated would
at least have behind it the large and
growing opinion in Ireland, while the
policy of combining "coercion" with
the home rule bill before parliament!
would be unanimously condemned. j
Wbether anything comes of the
conference, the view held in the lobby
was mat tne premier s alacrity in re
ceiving the - deputation was highly
significant. It is an open secret that
the premier favors dominion home
rule as a solution of the controversy
and has been held back by the con
servative elements in the cabinet.
Veterans "to Hold Picnic.
Veterans of the old Third Oregon
regiment will hold a picnic at Clack
amas field Sunday. The picnic will
be for the former members of that
regiment and also for the wives, chil
dren, sweethearts and parents of the
"boys." It is planned to make the
picnic an annual affair.
Turks Sign Treaty Tomorrow.
PARIS, Aug. 4. Signature of the
treaty of peace with Turkey has been
postponed until Friday, it was an
nqunced today. ,
Hague Tribunal Reviving.
This turn in the internal history of
the league of nations is complex and
it involves some difficulty of state
ment, but it Is so important both in
itself and in its bearing on the pres
ent American campaign as to Justify
almost any effort at understanding.
xour correspondent shortly after the
republican convention at Chicago on
June 16 said that "the spirit of the
republican platform tends toward the
revival and perfecting of the Hague
tribunal, whereas the spirit of the
league of nations is to create a super
state with a court of its own, and to
throw the old Hague tribunal into
tne scrap-heap. The republican pur
pose is to revive the Hague tribunal,
perfect it and endow it with added
vitality and agencies."
This of course was a very free
translation of tne republican plat-
torm. Your correspondent at the
time had no particular authority for
saying this, but the judgment was
based on the knowledge that the re
publican plank had been written by
air. noot, and on the further knowl
edge that Mr. Root at this time was
on his way to The Hague for the fur
ther purpose of reviving The Hague
tribunal and at the same time acting
as an adviser of the league of nations
in tne creation of its own court, a
court which, on Mr. Wilson's theory,
was expected to supersede The
Hague tribunal.
Issues Becoming Clear.
As your correspondent said at that
time: - "Mr. Root today is in such a
position that the future international
policy of the United States, as be
tween a league of nations and some
thing different from the league of
nations, is almost certain to be deter
mined by him and to be determined in
a direction running contrary to the
league of Europe."
Mr. Root- has now completed a por
tion of his . labor in Europe and his
proposals are at this moment in pro
cess of adoption by the league of na
tions. Before pointing out exactly
what Mr. Root has done and the turn
he has given to the developn-ient of
the league of nations, it" will be well
to quote briefly from Senator Lodge's
speech of notification and Senator
Harding's speech of acceptance. These
two speeches marked a definite ad
vance, far beyond the republican plat
form, in. the direction of announcing
what the republican policy is to b
Also, as it turns out, there Is an eas
ily recognized identity between what
was said by Senator Harding and Sen
ator Lodge. Senator Lodge was much
more definite.- -
Senator Lodge may have felt a lit
tle more free to'commlt himself than
Senator Harding could -feel as the
candidate. Senator Lodge stated
clearly and unequivocally what the
republican programme' is, in ' these
words: -"We have been and are quite
ready to join in an agreement with
other nations for the extension of The
Hague conventions, for the upbuild
ing and codification of international
law. and the establishment of a
world court of justice, for interna,
tional concerns in regard to non-justiciable
questions and for arrange
ments to bring about a general re
duction, of -armaments."
Senator Harding's definition 'of the
republican programme was not quite
so clearly expressed, but he laid the
same emphasis on a mechanism of In-
ternational law distinct from the su- j
perstate of the league of nations. Aft- .
er saying Lhat the republican policy .
would be, first, to get a formal peace '
with Germany, he announced that the j
republican party -would then "proceed 1
deliberately and reflectively to that I
hoped-for world relationship which :
should satisfy both conscence and i
aspirations and still hold us free from
menacing involvement to attain and
preserve peace through international j
law, as clarified that no misconstrue- ;
tlon can be possible without affront-
lng world honor."
Leadera tn Fall Accflrl.
Now, consider what Mr. Root has
been doing in Europe. Between the
thing that Mr. Root has been doing
and the announcements of policy that
the republican party. Senator Harding
and Senator Lodge have betn making.
there is such an identity that no one
can mistake the harmony of under
standing between what has been done
by Mr. Root in Europe and what has
been announced by the republican
leaders here.
In the first place, Mr. Root has re
vived The Hague tribunal. This was
a momentous act, although in our pre
occupation with other things the sig
nificance of it was largely missed.
The Hague tribunal was dead. It died
with the opening of the war in
August, 1914. As H. O. Wells once
expressed it In a passionate exposi
tion on the Inadequacy of The Hague
tribunal and the necessity for a real
league of nations, "with the entry of
Germany into Belgium. The Hague
tribunal expired with a faint
squawk." .
, Saner-Mate Kot Wanted.
Mr. Root's first act was to resurrect
The Hague tribunal. His whole ,
theory and the republican party's
whole theory ot the future Interna-
tional relations of the world was j
based on the resurrection of The
Hague tribunal and the perfecting of
it. Mr. Root regarded it as of Im-
menia imnortance that whatever ad-1
vance the world is to make in the
itlrrctlon of an association of nations
to achieve international justice should
be based not on any superstste, like
Mr. Wilson's league of nations, but
should be based on and have continu
ity with the accomplishments of The
Hague tribunal before the present
war.
Mr. Root announced the theory that
The Hague tribunal had not died, but
that its sessions Baa merely otn in
terrupted by the war. His first ac
tion in Europe was to iaKe uuwh mo
shutters, so to Bpeak. of the closed
tribunal at The Hague, and the an
nouncement was given out that The
Hague tribunal would resume next
month, in September, the sessions
which had been interrupted in August,
1914.
Root Guldlns Factor.
Of this coming session Mr. Root
himself is Koing to act as chairman.
and the particular litigation which
will be taken up has to do wttn a ais
nute which began before the war on
the question of responsibility for dam
age to churches ana Diner property
in Portugal during the Portuguese
revolution, and involves as litigants
Spain. France. Portugal and Italy.
So much Mr. Root did. and then he
took up the question of creating the
league of nations court. Mr. Root had
been invited to Europe by the league
of nations for this prpose. He has
been at work on it for some four
weeks. The work has now been com
pleted. The recommendations ot nim
self and his fellow jurists have been
handed over to the league of nations,
and, as I have already said, the league
last Friday came into session at San
Sebastian for the purpose of adopt
ing these recommendations.
Now, the important thing about Mr.
Root's creation pf the league of na
tions' court is the fact that he causes
this court to function in such a way
that it Is fair to describe the new
league of nations' court as being a
creature of The Hague tribunal.
- Tribunal Picks Judges.
The dispatches of the last few days.
describing the new league of nations'
court, speak of it as "complementary
to The Hague tribunal. Tne new
league of nations' court is to consist
of 11 judges. Without going further
into the details of its organization, tne
important point s that these judges
are to be chosen in the first instance
by the already existing Hague trlb
unaL
The Hague tribunal makes out i
list of luderes larger than the 11 ulti
mately to be chosen and the league of
nations is permitted to choose Irora
the list made out by The Hague trib
unal the precise 11 who will actually
compose the new court. In short, what
the league of nations is at this mo
ment doing in San Sebastian is an
elevation into a superior position of
that very Hague tribunal which Mr.
Wilson's original conception of the
league of nations scorned and threw
into the scrapheap. The league of na
tions, in short, is becoming an ap
pendage, a "complement" of The
Hague tribunal.
Two Theories Conflict.
There Is not space litre to amplify
the fundamental and contradictory
difference in principle between Mr.
Root's Hague tribunal theory and Mr.
Wilson's league of nations theory
but your correspondent is. able to
quote from one who Is known to have
an understanding of Mr. Root's
theory:
"That nations must remain nations,
with all the attributes of independent
nationality unimpaired is the prin
ciple which Mr. Root has represented
at The Hague, and because of that
principle and because of the radical
and irremediable difference which it
represents we expect to see the tribu
nal at The Hague powerful, respected
and beneficent when the devious and
arbitrary designs of the covenant of
the league are lost In f orgetfulness."
Your correspondent Intimated In the
beginning that the European states
men in control of the league of na
tions seem to have determined to ig
nore Mr. Wilson and to be acting in
understanding with the republican
party. For this assertion your corre
spondent Is entirely dependent upon
inference.
FISHING, CARGO AND PATROL BOATS
n
. i
5.
THE SALE BY THE UNITED STATES NAVY OF 110 FOOT
MOTOR BOATS OFFERS A. BIG COMMERCIAL OPPORTUNITY
THE U. S. Navy is selling one hundred
and forty submarine chasers at vari
ous Navy Yards throughout the country.
They are being sold at bargain prices,
one-fifth of the original cost. Herein lies
a tremendous opportunity for users or
possible users of small boats.
These vessels have been successfully used
as deep-sea fishing boats. They can. be
converted into seiners, trawlers or cargo
boats. They make good halibut boats, and
are particularly well adapted for use as
cannery tenders.
The Seattle Fisheries Association recently
purchased three of these boats. Those
engaged in the fishing business, including
the menhaden industry, will find a real
opportunity here to get a good small boat
on easy terms. These are described in
the catalogue which will be sent at your
request.
These boats have also been used as tow
boats, and can easily be converted into
freight boats, ferry-boats or passenger
boats. Plans to convert these boats into
fishing and cargo boats have been drawn
up for the Navy Department by experts
and will be furnished free to all pur
chasers. The original cost of the submarine
chasers was about $SO,000. They are of
fered to you at from five tc sixteen
thousand dollars. They are 110 feet long
and have a beam of over fifteen feet.
They are equipped with three standard
marine engines which give a speed of 18
knots. Their cruising radius is 1200
miles.
They are ready for immediate delivery,
berthed in the Navy Yards waiting pur
chasers. No delays, no red tape, no bids.
Definite selling prices. Can be purchased
at a reduction for cash or on a partial
payment plan over a three-year period.
An illustrated catalog-ue has been prepared giving further information and
location and prices of individual vessels. You can inspect these boats
at your convenience. Send the coupon at once or telegraph the
BUREAU OF SUPPLIES AND ACCOUNTS
Navy Department, 178 Washington, D. C.
BUY IT FROM THE NAVY
league of nations. One other fact
ought to be stated in this connec
tion.
Colonel House Is now In Europe and
certain dispatches which have come
to America reflect him as being in
critical mood as regards Mr. w 11-
son s theory or the league ot na
tions. Specifically, Colonel House has
lately been quoted as sympathetic
with Senator Harding's theory that
the peace treaty with Germany should
have been made first and that there
after we should have . proceeded In
dependently to the creation of a per
manent association of nations. Colonel
Houije was. and Is, closer than any
other American to the European
statesmen who have dominated the
league of nations from its inception.
Problem Vp tm Cox.
Obviously, the best source of in
formation on this whole subject is
European. What can be said from
this side Is necessarily more or less
in the nature of surmise. Your cor
respondent thinks there may be hap
pening in Europe , at this moment
events of such consequence to Amer
ica's future international relations
that an authoritative knowledge of
these events would be news of the
highest Importance.
If President Wilson is the only
statesman in the world who still in
sists upon, believes in or hopes for
the league of nations as originally
devised, that fact would be Informa
tion of great Importance to America.
Most peculiarly and personally would
It be information of great import
ance to Governor Cox during the
time that will elapse before he must
take his stand with or not with Mr.
Wilson's conception of the league of
nations.
LEAt TAKEN' IX MILITARY
WORK AT CAMP KXOX.
First rlace Taken in Horsemanship
and Firing Big Guns Battery
Salutes Major-General.
CAMP KNOX. Ky., Ausr. . fSpe
cial.) The 35 Oregon Agricultural
College men taking field artillery
work herd, are enthusiastic over the
Instruction and entertainment af
forded them by the war department.
The camp closes this week.
The Oregonlans have taken first
place In horsemanship and in firing
the big guns. Their battery received
the honor of firing the salute to
Maior-General Snow on his visit to
Inspect the work of the camp. It
was likewise chosen to lead the
mounted parade in honor of the gen
eral. Oregon men rank first In pistol
shooting, whilj Sterling W. Smith, the
only Oregon Agricultural college Tan
In the advanced corps, has one of the
best records won in conducting bat
tery fire.
Everything possible has been done
to entertain the men suitably during
their six-week stay here. They have
visited the birthplace of Abraham
Lincoln, near the camp. They Jour
neyed 100 miles to the mammoth
caves, whare they made camp. They
attended the fir?t division horfe Fhow
at Louisville, nd enjoyed a boating
excursion on the Ohio river. The
regular officers of the camp turned
over their ilub to the reserve officers'
training co.'ps men, and arranged
several social functions for them.
Sunday horseback rides Into the Ken
tucky hills have proved a popular
diversion.
Some of the men plan to work their
way home from some eastern port
through the Panama canal. A few
others expec to visit friends in the
east before returning for their regu
lar college work n-xt fall.
Italy Makes Concession.
LONDON", Aug. 4. The agreement
that ha3 been pending between Italy
and Albania has been finally signed,
it is announced in an Exchange Tele
graph dispatch from Rome. Italy, It
is stated, renounces both Cape Len
guetta and Cape Treferti.
PARTY ASCENDS WIT. HOOD
In 12 'A
Round Trip Is Made
Hours.
HOOD RIVER. Or., Aug. 4. (Spe
cial.) With George L Howe as guide.
the following party of local people
ascended Mount Hood Sunday: Mrs.
Howe, Miss Esther Johnson and Grant
Brawn.
The party left here at 1 o'clock
Saturday afternoon. Camp equip
ment was packed from there to
Cloud Cap inn.
The party left on the long hike at
5:20 Sunday morning, reaching the
summit at :30, and returned to the
Inn at 6 P. M , starting immediately
for Hood River.
Root Hold Three Roles.
When the league of nations In
vited Mr. Root to help create its
court It sent the invitation direct and
not through Mr. Wilson; In fact, Mr.
Wilson did not know of the episode
until the invitation had been ac
cepted. Of even greater evidential
value is the following:
Mr. Root at this moment Is In
three roles: Kirst, he is the author
of the republican plank which is antl
league of nations; second, he Is the
resurrector and the next presiding
officer of The Hague tribunal, which
is, to put It mildly, competitive with
the league of - nations, as originally
conceived; thrhd, he Is an agent of
the league of nations. In these three
roles there is so much conflict of in
terest that it is inconceivable for a
lawyer of Mr. Rjoot's experience and
regard for ethics to be in all three
roles at once unless the circum
stances are fully understood by all
his clients and are agreeable to them.
In short,- it would seem impossible
for Mr. Root to be acting as an agent
of the league of nations and at the
same time in the other two roles,
unless the other roles were unobjec
tionable to the present intentions
of the league.
Col on I Rouse Critical.
It would seem as if the European
statesmen in control of the league,
being compelled to make a guess, so
to speak, have decided that in the
coming elections either the republi
cans will win or that even if the
democratic party wins, it will be a
democratic : party wnich 'will not
stand by Mr. . Wilson's theory of the
BONUS OFFERED MARINES
Liberal Bounty Will Be Given Upon
Re-enlistment in Corps.
WASHINGTON, Aug. 4. (Special.)
By a decision Just rendered by the
comptroller of the treasury a. liberal
bounty is granted to marines upon
re-enlistment.
Under the decision the bounties
range from two months full pay. at
thb rate of pay last drawn, lor a two-
year re-enlistment, to three months'
pay for a three-year enlistment and
four for a four-year enlistment.
The bounties in round numbers
range from $60 to $475.
Mississippi Town Has Fire.
PONTOTOC. Miss... Aug. 4. Sixteen
buildings in the business district ol
Pontotoc were destroyed by fire to
day. The loss Is partly covered by in
surance.
Sure
Relief
6 Bell-ans
2 1 I a .
322ft Sure Relief
H-LL-ANS
FOR INDIGESTION
Three Figures in
!3?BLACK!3?
Can You Solve the
!3? MYSTERY !3?
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