Morning Oregonian. (Portland, Or.) 1861-1937, October 22, 1920, Page 8, Image 8

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    THE MORNING OREGOXTAX, FRIDAY, OCTOBER 22. 1920
of liquor from bonded warehouses
designed to prevent the misuse of
withdrawal permits will be put In ef
fect In California tomorrow by John
L. Considine, acting prohibition direc-
E
STn.
FEDERAL RESERVE
! commissioner of ir
QUITS WASHINGTON
anityJuir
H9LEPRoF
lt was announced
F. Myers, assistant
nternal revenue.
Jl HoIERy
All holders of permits to sell or ex
port intoxicating: liquor in California
hall, before making sale or delivery
of the liquor, send to the federal pro
hibition director at San Francisco for
confirmation of authenticity the per
mit presented by the prospective pur
chaser, according to the new regula
tions. "This will prevent the issuance of
any 'rubber stamp permits.' " Myers
said. He announced that a system
would be put in effect tomorrow to
trace every permit issued so far and
to determine its nature.
124 12 128 SIXTH ST. JUST OFF. WASHINGTON
Financing of Cotton Crop to
Be Undertaken.-
Friendship of Nation for U. S.
Is Asserted.
The Store oi Individual Shnns (Iff Mnw Rnr-
m j ii f xf lj i ir i n jt .
guuis tu iieip uie jo uck- to i v or mat movement
NATIONAL MEET ENDED
POST TO BE AT LONDON
8'
mam
mtm.
'mm
mm mm m-m u U M m.m mm D mm mm
Question of Par Clearance Passed
Over; II. II. McKec Elected
President of Body.
HOUSTON BACKS RULING
MORE PAYMENTS TO RAILWAYS
TEMPORARILY HELD UP.
WASHINGTON, Oct. 21. Blanket
Indorsement of the federal reserve
system, coupled with a pledge to aid
the National Railway Equipment cor
poration, organized to help carriers
obtain equipment marked the conclu
sion today of group meetings of the
American Bankers association con
vention. As an outgrowth of the convention,
however, bankers and others from
cotton states took steps preliminary
to the organization of a $12,000,000
crop export financing corporation to
meet the situation which led to num
erous appeals from cotton growers
for government relief. The corpora
tion would be formed under the Edge
act, and start operations with an in
itial paid-in capital and) surplus of
S.000.U00.
The federal reserve system waa
given unstinted praise by the nation
al bankers' group in resolutions,
while approval of the equipment cor
poration and the pledge to go be
fore state legislatures where neces
sary to obtain revision of laws pro
hibiting Investment of trust funds
in such securities was voted by the
savings banks' section.
Federal Rnrrrc Indorsed.
Indorsement of the federal reserve
ystem which included approval of
its administration, brought the na
tional bankers again in s'harp opposi
tion to tha stand taken by the state
bankers who yesterday denounced
several phases of the reserve board's
work. All resolutions adopted in sec
tional meetings will be considered by
the association committee and final
action be taken by the convention as
a w hole.
Tha question of par clearance with
which the state bankers dealt in their
section resolutions yesterday, was
passed over today. The special -committee
considering it reported "pro
gress" and was instructed to con
tinue Its work. Its chairman, M. J.
liowling, of Olivia. Minn., however,
said the only remedy he saw for the
country bankers who favor a collec
tion charge on checks was amend
ment of the federal reserve act. The
crop financing corporation project
took shape at an informal meeting
of several hundred bankers and repre
sentatives of cotton interests. A spe
cial committee presented a favorable
report.
Cotton Aid Is Object.
Tenatlvs plans would enable the
corporation to handle all kinds ol
agricultural commodities, but leaders
in the movement aimed at the relief
of the cotton industry as its primary
object. Speakers, however, pointed out
benefits they believed would be de
rived by all producers of farm prod
ucts. The plan provides- for stock sub
scriptions on basis of fl a bale on
cotton produced in various states and
payment down of half the amount, or
t, 000, 000 of the incorporated capital.
Under the Edge act. such corporations
are permitted to handle trade accept
ances or purchasers' agreements to
the extent of 10 times the paid-in
capital which would enable fhe corr
poration todeal in such commercial
obligations to upwards of $60,000,000
Speakers indicated that establish
ment of the corporation would mean
an early opeiuing of sales negotiations
with European manufacturers who
were said to be in the market for
around 3,000,000 bales of cotton. It
was declared that the corporation was
not proposed in any sense as a vehicle
for the holding of crops, but as a
facility for their marketing.
The national bankers elected offi
cers, choosing H. H. McKee, president
of the National Capital bank. Wash
ington, r. C, president.
Farmer Aid Asked.
Bankers can and should aid farmers
fey assisting in establishment of co
operative warehousing and selling or
ganizations. Chairman Joseph Hirsch
of the agricultural commission of the
association, declared in presenting the
commission s report.
Besides urgiirg revision of tax laws,
restoration of liberty bonds prices
more nearly to par value and devel
opment or an "intelligent and com
potent?" consular service in foreign
countries to aid American exporters,
fiol Wexler of J. S. Hacho & Co.. New
York, told the bankers the public
must be-enll-glitenpd on the value of
a. money center such as Wall street.
The McFadden bill proposing a tax
en gold used in industry and the arts
to be paid to the mining companies to
atimulate production was attacked
and defended before the association.
A special committee appointed to
atudy the measure submitted a report
vigorously opposing the bill as an
attack on "a basic element of Uie
gold standard," while Representative
McFadden. author of the bill, defend
ed it, declaring that the addition of
new gold to the nation's reserve
would assist deflation and stimulate
a healthy return to normal. A mo
tion that Mr. MoFadden's remarks be
received with thanks and filed with
tho reports of the convention was
defeated. The convention then adopt
ed a motion that the entire question
bo referred to the economic policy
committee.
Tho special commute In its report
contended that gold miners were only
one of the many industrial sufferers
from the war and mlcht well look
forward to a return of an industrial
situation which would more than
compensate for their present stringency.
Mr. McFadden denied the proposed
bill waa a blow at the gold standard,
maintaining that its enactment would
be accepted abroad as evidence of
tha determination of the United
Statea to strengthen tta gold reserve
MORE CHURCHES ASSURED
Disciples of Christ Plan to Expend
$807,750 in U. S.
ST. LOUI3, Oct. Jl. Recommenda
tions for the expenditure of $807,750
to build 113 churches in the United
States were indorsed by the interna
tional convention of the Disciples o
Christ today.
Gifts to erect churches In New Or
leans, Brooklyn, Chicago, Washing
tou, D. C, and Vancouver. B. C,
a cost of $325,000. were approved.
Complete Statements of Amounts
Due From Government 3Iust
Be Made, Is Stand.
WASHINGTON. Oct. 21. Secretary
Houston today described as "final"
the ruling of Controller Warwick that
further payments to the railroads un
der the guarantee provisions of the
transportation act must be withheld
until complete statements-of amounts
due are submitted by the roads.
Under the transportation act, the
secretary said, there is no alternative
eft the treasury regarding advances
on the government's guarantee after
September 1. The controller's deci-
ion, he added, is not subject to re
view by the department of Justice,
but must stand as the guide for the
reasury. in making guarantee pay
ments to the roads.
As the matter now stands, the sec
retary continued, it remains for the
railroads of the country to accelerate
their , accounting and present their
final estimates of the amount due
hem -for the-six months following
federal control, and then the treasury
will carry out the provisions of the
act. . ...
According to present estimates.
about $400,000,000 will be " due the
roads, the. secretary said, taking into
account $233,000,000 advances made
prior to September' 1. '
SILVER SOLLVAVERS WIFE
Henrietta Ward Declares Mate Also
Disposed of Furnishings.
That her husband sold her silver
ware and her household furnishings
was charged by Henrietta ward in
suit .for divorce Instituted yesterday
against Frank H. Ward.
Helen Anderson in a suit for di
vorce said Ralph Anderson had com
pelled her to live with his mother and
amily- and had failed to provide her
with sufficient clothes. She said he
neglected her since their child was
born.
Vera E. Taylor in her suit for di
vorce declared William J. Taylor
abandoned her scarcely a month, after
her marriage in July. 1917. Judith I.
Kellum in her complaint against
Claude W. Kellum charged cruelty.
TACOMA LACKS CURRENT
City Power Plant Inadequate for
Increasing Demands.
TACOMA, Wash., Oct. 21. (Spe
cial.) Winter demand for - current
coupled with the industrial growth of
Tacoma has passed the limit of capac
ity of the La Grande power plant of
the city, according to Llewellyn
Evans, superintendent of the light
department.
For several days th city has been
compelled to purchase power from the
Tacoma Railway & Power company
during the peak hours of the day.
This demand for electricity, accord
ing- to city officials makes the acquisi
tion of the Lake Cushman power site
neressa ry.
CALIFORNIA LID RIVETED
w Ruling Makes Getting of 1,1
qnor Doubly Difficult.
SAN FRANCISCO. Oct. tl. New
regulations retarding the withdrawal
Envoy to America for 5 Years Ex
presses Hope Traditional Un
derstanding Will Last.
WASHINGTON, Oct. 21. (By the
Associated Press.) Dr. Fl Kyiun
Wellington' Koo, who for nearly five
years has been the Chinese minister
at Washington, bade farewell today
to the American people. He left to
night for. New York, where on Sat
urday he will board the steamer La
fayette for France.
Dr. Koo has been appointed
Chinese minister at London, succeed
ing Mr. Sze. who has been transferred
to Washington. On his arrival In
France, Dr. Koo will go to Geneva
to join the Chinese delegation a, the
meeting of the assembly of the league
of nations November 15.
Before leaving Washington. Dr.
Koo issued the following message to
the American people:
Faith Put in Americana.
"As I am leaving my post in Wash
ington I cannot but cherish the sin
cere belter ana nope mat tne tradi
tional understanding which has ex
isted so long between America and
my country will continue. It is per
haps difficult for the Chinese people
to express in words the confidence
and faith they have in the American
people. There has existed for many
decades an understanding and sym
pathy between these two great neigh
bors on the Pacific.
"Today China, like other countries,
is in heavy seas following the great
tempest of the war. We are strug
gling to understand and face the new
issues and to hold ourselves united
against those who would undermine
us in this period of great confusion
and estrange us from our friends.
Sign of Growth la Seen.
"China is not the only country to
day suffering from internal difficul
ties, by the meeting of cross currents
and. from the inevitable clashing of
old and new thought, but this is a
sign of growth, and progress and must
be if a wider liberty and understand
ing is to be established in China.
"China, being a land of immense
distances, is inconceivably handi
capped by her lack of communication,
by the inadequate railway system and
by those Physical means of communi
cation which enable other countries
to sustain unity of thought" and pur
pose amongst their peoples. Never
theless, the differences existing in
China today are but of method, and
therefore superficial.
Propagrandn Declared Used.,
"We are not adepts In the use of
propaganda. On the contrary, we have
been, and are today the greatest suf
ferers from this subtle agent which
takes advantage of the friction and
the ebb and flow in domestic politics
for advertisement and so exaggerates
and distorts the facts as to lead the
world to believe that we are without
stability and that chaos and confusion
are the existing order in China.
''These are not the facts but in
the face of this mischievous and per
sistent propaganda it is difficult for
China, without resorting to similar
methods, to present her case and hold
the faith of the world. This war
has shown, however, that In the last
analysis nations will align themselves
according to their inherent character.
Dr. Koo, referring to the opium
problem in China, declared that the
friendly Interposition of the United
Odorless Gas floater
Healthful warmth! The LAW
SON Odorless produces Radiant
Heat like the sun. Does not de
vitalize the air. Has an inner
core" in which gas is thoroughly
consumed. No waste. No odor.
Small, compact and powerful
produces more heat than ordinary
gas stoves of larger size and higher
price. Heats from both sides.
And safe ! No open flame.
Let us show you this little
heating marvel.
umtnhatnn,
JAMES HAMBLY SON.
288 Market St Sam Francisco.
far cvry rooaa LfW
States had greatly hastened its solution.
NORMAL SCHOOL ORDERED
Washington State School Board Fa
vors New Building at Centralla.
CENTRALIA, Wash.. Oct 21. (Spe
cial.) The budget of the Centralla
State Normal School, ordered estab
lished by the last state legislature,
was adopted without change by the
state board of higher curricula at a
meeting of the board in Spokane Mon
day and Tuesday, according to H. L.
Bras, chairman of the board of trus
tees of the local instiuttion, who, with
President A. C. Roberts, attended the
session.
Mr. Bras stated on his return that
a friendly feeling was manifested at
Spokane, toward the Centralla school
by the Meads of the other higher in
stitutions of learning in the state.
Appropriations for tho construction
Of . a new school building will be
asked of tha next state legislature.
Reed Elects Delegates.
The A. Tl A- association of T?ed
college has elected two delegates to
the women's league conference to" be
held at the Washington State college
on November 11. 12 and 13. These are
Miss Grace Linklater and Miss Julia
Harrison. Miss Linklater, besides
being a member of the student coun
cil, is secretary of that body, arid is i
member of the Junior claes. 'Miss Har
rison is secretary of the senior class
and vice-president of the Drama club,
Phone your want ads to The Orego
nian. Main 7070, Automatic B80-9S.
A man. needs no excuse for try
ing to get through this Fall and
Winter with his last year's hat
but
Stand squarely on the rug in front of your mir
ror, put your hat on 'and look at it I
Then think what a few minutes and a little
money spent with one of the Stetson hatters
here in town will do to bring your hat in crisp,
smart tone with the rest of your clothes.
Don't be - surprised if practically every hatter
you talk with seems to insist on Stetson.
Your hatter will tell you that Stetson Style,
Stetson Quality, Stetson Money's Worth, are
even greater today than ever.
p
We are standing right back of him with the
goods.
Stetson Style
Stetson Quality
Stetson Money's Worth
The same today as for
55 yean assured
by the
Stetson Quality Mark
in Every Hat
STETSON
NOW when every woman is watching closely for the lowest prices, when
prices are swinging back to normal the Emporium comes forward with
wonderful money-saving offerings that compare favorably with those
"before the war." See for yourself here are splendid week-end specials.
In 3 Extraordinary Groups
Regularly Marked at
$69.50 to $100
m .15(0)
75 $
75 M
0.75
Silk
Petticoats
$3.95
$5, $7.50
Taffeta and jer
sey tops, with
fancy flounces.
Variety of colors.
Range of styles and colors includes practically everything in the season's
list tricotine, serge, velour, silvertone, yalama, duvet de laine and mix
tures faultlessly finished, either in regulation tailored effects or smart
new modes, fur, button and stiching trimmed.
Each and every one a splendid buy. - Delay means time lost
when you might be enjoying one of these snappy suits. Come
in and see them today I
Another Wonderful Tricotine Dress Special
A few weeks ago we advertised a tricotine dress spe
cial and a representative of an organization in this
city whose business it is to investigate sales adver
tisements reported as follows: "I have not seen a
more attractive line of tricotine dresses elsewhere,
and none of similar value at lower prices." That,
from people whose work it is to criticise and compare ! This offering is
equally good. There's a fine variety of styles, including straight-line
and coat models, trimmed with embroidery, beading, pleating and buttons.
Extraordinary Special!
Georgette and
Crepe de Chine Waists
Wonderful quality georgette and crepe de chine
in tuck-in. and over-blouse styles, braided,
beaded, embroidered, or strictly tailored. A
snap buy we picked up that's why you get this
extraordinary price on waists that we'd ordi
narily sell at $8.95 to $12.50.
Select Tour Waist Today
A Clearing House
of Commerce
HAVE you ever realized that
practically every business
transaction is linked at one
end or the other or both
with banking?
Producer, manufacturer, dis
tributor and consumer all have
their individual requirements
of banking. Therefore, the fa
cilities and services afforded
must be sufficiently complete
and varied to fulfill them.
You can imagine how great as the
volume of business cleared through
the United States National by the
many thousands who bank here.
One of the Nortkwut'i
Oreat Banka
United States
National Banlo
CASCARETS x
'They Work while you Sleep
. Y .
Tackle your work tomorrow aa
bard as a four-pound black bays hits
the bait. Take Cascarets tonight to
move the stagnant bile, the poisons
and waste from liver and bowels,
absolutely endinR sick headache,
biliousness, constipation sailownesa.
colds, upset stomach, bad breath. No
Kripirigr no inconvenience. Children
love Cascarets too. 10, 25. 60 cents.
Adv.
AFRAID OF PNEUMONIA
TOOK YINOL
Mrs. Mary Lock of 82 North San
l'edro street. Ban Jose, Calif, writes
an follows:
"A neighbor recommended Vlnol
and I took It for a hard cough which
was accompanied by pleurisy. I was
afraid I might have pneumonia. I
tried some remedies and physician's
medicines but did not seem to gain
very much. I do bousecleaningr and
work in the fruit harvest during- the
season. I took four bottles of Vinol
and beg-an to sain from the very
first doses, and am now feeling; fine.
1 think Vlnol Is one of the best
remedies.
If more people took Vlnol when
they began to feel out of aorta, run
down and otherwise debilitated, there
would be fewer cases of long sieges
of illness.
Clarke Woodward Drug Co.. dis
tributors, sells and recommends
Vinol. Adv.
Ex-Soldier Has a Good Stomach
"If a man spends six years In the
army he surely would have to have a
good stomach I have a good one now
and Foley Cathartic Tablets made It
that way. If any one does not believe
this, let him write to Arthur L.
Lyons. 45 Cincinnati St.. Dayton,
Ohio." That is a sample of the hun
dreds of letters received by Foley &
Co. You can relieve biliousness, bloat
ing, constipation or other condition
i arising from Indigestion with Foley
Cathartic Tablets. Adv.