rr
VOL. LX XO. 18.888
Entered at Portland iOreon
Totoffic Second-Clara Mutter
PORTLAND, OREGON, SATURDAY, JUNE 4, 1921
PRICE FIVE CENTS
POSTMASTER KILLS
SELF AT ANTELOPE
GRAFT IS
OF TURK
RADIUM CONSIGNED
BOARD PROPOSES TO
ACQUITTED IN BERLIN
TO FIRE UNHARMED
TEST PRINTING LAW
HELD IN DANGER
FACE DESTRUCTION
SUICIDE FOLLOWS DISCOVERY
OF SHORTAGE.
ARMEXIAX SAYS DEAD MOTHER
TUBE CAST INTO HOSPITAL
LOCAL SCHOOL PUBLICATIONS
CONDEMNED TALAAT PASHA
FCliXACE IS RECOVERED.
ORDERED 1SSCED.
nmncrnisssAssiN
HOMES OF FUTURE
COLORADO
TOWNS
0
IS
uiiniiui.iv
TO SHIPPING B0
o '
' 7-
USE OF INITIATIVE
Women Believed to Pre
fer Jobs to Husbands.
Dili TCI MEN IDC DIlM DCn
llim'ILM HI LI! ftllL I IUIU1ILU
Mr. Smith Worried Over Out
look for His Sex.
ISSUE PUT UP TO MALES
Woman Witness Says Ability Only
Should Count In Choosing of
Government Employes.
THE OREGONlAN NEWS BUREAU.
"Washington. D. C, June 3. A pathet
ic picture of men driving their wives
to work in the morning, spending, the
remainder of the day in pool rooms
or lolling around at pink teas in the
afternoons was drawn by Addison T.
Smith, representative in congress,
' Idaho, in questioning the principal
'woman witness today before the
house civil service commission con
sidering the question of reclassifica
tion of government clerks.
Representative Smith manifested
considerable concern at the progress
and effect of the feminist movement
while putting questions to Mrs. Maud
Wood Park, president of the National
League of Women Voters, who was
pleading for equal pay for women
for equal service performed. The
Idaho statesman made it plain that
he sensed an undermining of the na
tion's economic fabric in the present
policy of giving highly remunerative
positions In public and private em
ployment to women.
Smith Worried for Hla Sex.
Mr. Smith wanted to know from
Mrs. Park if she did not consider
that giving good-pying positions to
women would tend to discourage mar
riages and diminish the desire for
home building and thereby lessen
the possibility of perpetuating the
human race. Mrs. Park replied that
he did not think that the Question
of family relations or anything of
that sort should be permitted to en
ter into the problem of filling gov
ernment Jobs, but added that if men
would make home life more attractive
there might be less of the temptation
for women to seek federal employ
ment.
The Idaho solon' intimated that, if
the present tendency continued, the
day was not far away when all of the
good Jobs would be held by women
and the men would be staying at
home, garbed in middy blouses,
mother-hubbards and aprons, looking
after all of the household duties. The
oretically, there were tears in his
eyes as he said that he did not know
what would become of the poor men
if the women continued to insist upon
going to work, and that it would be
a sad day lor the nation when the
energy and industry of the women
Slight place a premium upon the idle
ness of men.
Idle Husbands Foreseen.
Representative Smith heaved a sigh
as he remarked that he hoped he
would never see the day when women
would come to work In their ma-
uiiil. .vwiiiauicu vj melt 11 u O
bandsi who would be left to spend the
day in idleness loafing around pool
rooms or viewing the movies.
That the entire question of women's
place in the government service is
interesting the Joint committee was
Indicated by questions asked the wit
ness by Senator Sterling. He wanted
to know her opinion as to whether
married women should be employed
by the government. Mrs-.. Parks' an
swer was that merit alone should un
derlie the filling of vacancies In the
government.
Senator Sterling suggested that
women with families have duties at
home which might interfere with the
proper performance of their duties for
.the government.
Merit Held Only Basis.
In such cases, said Mrs. Park,
there would be ground for action
by the bureau heads, as merit should
be the first consideration both in
filling positions and keeping em
ployes in them. She suggested, how
ever, that in cases where women art
the sole providers for their families.
eal to provide sufficiently often is
an incentive to do work efficiently.
Asked for her opinion as to the
advisability of placing women in
supervisory positions. Mrs. Park re
plied that women are as capable as
men In such positions, but they have
not had as much opportunity for ex
perience in supervisory positions as
men.
Mrs. Park's observation as to the
general efficiency of women was con
curred in by Representative Smith,
who said that. If anything, women are
more efficient than men. But he
emphasized his belief that every time
a girl in government service is pro
moted she has just that much less
inclination to marry, and that by the
time she reaches the age of 35 years
she is likely to be much more con
cerned with making money than in
establishing -a home.
Oregon Postal Tests -Due.
THE OREGONlAN NEWS BUREAU.
"Washington. D. C, June 3. C!vil
service examination will soon be held
to select postmasters for Pendleton
and Dayton. Or., the postofflce de
partment announced today. The dates
have not been fixed.
W. E. Johnston In Charge of Office
for More Than 15 Years and
Also Phone Company Head.
THE DALLES. Or.. June I. (Spe
cial.) W. E. Johnston, postmaster at
Antelope, shot and killed himself this
mrnin. following an investigation
ir.t
j n.io me accounts or tne posiomce Dy
u. urunner of The .Dalles, post
office inspector.
Johnston shot himself in the temple
with a revolver. He died six hours
later in his home.
Johnston was well known In Wasco
county, having acted as postmaster
at Antelope for the last 15 years. He
was also manager of the Southern
shooting took place in his little ffice$HIP . SALE IS DIRECTED
store and postofftce. A 4-year-old
c,rl, who was in the store, ' found
Johnston, still alive. He was take
to his home, where Jie died withou
regaining consciousness.
Inspector Brunner declared that h
had found shortages in Johnston
books, extending over a period of
more than a year and a half.
An inquest will be held at Ante
lope. Coroner Burget announced this
alternoon. Johnston was 42 years
old. Besides his widow, he is sur
vlved by three children.
E. B. HULL IS SUICIDE
Miss Elsa Carlson Also Attempts to
Kill Herself.
Two attempts at suicide, one of
which was successful, were mad
early last night by means of fire
arms, when &. a. huh. i&vi uinne
sota avenue, was reported to hav
shot the top of his head away with
a shotgun, and Miss Elsa Carlson, 92
Hood street, fired a bullet from
revolver through her breast.
The report to the police on the Hu
suicide was that the man was found
about 6:30 o'clock at his home by a
daughter He was said to have been
interested in a banking institution in
an up-state point
Miss Carlson, 23, was a stenog
rapher with the firm of Raffery
Pickett, S03 Title & Trust building,
and it was there she made the sup
posed attempt at self-destruction.
Oeorge Geer, janitor of the building,
entered the rooms of the Rafferty
Pickett firm, and found Miss Carlscn
with a bullet wound just beneath the
heart.
Miss Carlson was removed to St
Vincent's hospital and was said to
have a slight chance to survive.
JURY EXONERATES SLAYER
Woman Who Killed ex-Husband
Acted in Self-Defense.
ST. HELENS. Or.. June 3. (Spe
cial.) Mrs. Fred Julian, who stabbed
and fatally wounded her ex-husband
when he attempted to enter her home
on the night of May 25, was exon
erated -tonight by a coroner's jury,
which found that she acted in self-
defense.
Mrs. Julian testified that her ex-
husband tried to force his way into
the house, that he had an axe in his
hand and threatened to kill her. The
killing took" place at Mrs. Julian's
home at Clatskanie and Julian died
in a Portland .hospital a few. days
later.
HOTEL RATES ARE FOUGHT
Northwest Commercial Travelers
Plan to Force Reductions.
SPOKANE, Wash, June 3. Action
to compel reductions In hotel rates
in Washington. Oregon and British
Columbia, where wartime prices are
maintained, was indorsed at the 23d
grand council of the Northwest
United Commercial Travelers of
America in session here today, after
the legislative committee brought in
the recommendation. A recommenda
tion urging the restoration of the
pre-war railroad mileage book, good
or. all roads at a reduced rate, also
was passed.
Initiation of candidates was held
tonight and a banquet will end the
sessions tomorrow night.
PHONE HEARING DELAYED
Case Set for July 18 at Request of
Portland Officials.
SALEM, Or.. June i (Special.)
The Oregon public service commission,
in an order issued here today, granted
the request of the city of Portland fbr
a continuance of the rehearing of the
Pacific Telephone' & Telegraph com
pany rate case from June 27 to July 18.
In a letter to tlue public service
commission the Portland officials In
dicated that more time would be nec
essary to prepare their case for pres
entation. The order setting the hearing for
June 27 was issued by the commission
two weeks ago. ,
PORTLAND MAN KILLED
H. Hammond Decapitated When
Bight on High Line Breaks.
ST. HELENS. Or., June 3. (Spe
cial.) H. Hammond, 45, 410 Mor-i
rison street, Portland, was decapi
tated when a bight on a high line at
the logging' camp of Keier, Nan &
Flora broke and caught him.
In a note book found on the body
was a will which bequeathed all of
Hammond's liberty bonds and war
savings stamps to Mabel Olsen of
Portland. The body was held for in
structions from relatives. I
MismanagementV Mer
chant Marine Rapped.
DEFICIENCY FUND IS VOTED
$75,000,000 Appropriation
Is Made by Senate.
Disposal of All Wooden Cra by
October Is Required by Addi
tion of Amendment.
WASHINGTON, D. C, June i.
After hearing a denunciation of the
shipping board, for its mismanage
ment of the merchant marine by Sen
ator Kenyon, republican, Iowa, and
others, the senate today approved a
175,000,000 deficiency appropriation
for it and later passed the deficiency
appropriation bill carrying a total of
$156,000,000, inclusive of the shipping
board item.
In approving the appropriation the
senate added an amendment offered
by Senator Lenroot, Wisconsin, di
recting the board to sell all wooden
ships by October.
Management la Assailed.
The board management of the mer
chant marine was described by Sen
ator Kenyon as extravagant, waste
ful and "reeking with graft." Other
senators also denounced it, but Sen
ator Jones, republican, Washington,
and others, while saying there had
been extravagance and waste in the
past, argued that the new board, soon
to be appointed, should not be pen
alized through lack of funds for mis
takes,, which were "water over the
dam."
Salaries paid shipping board offi
cials and employes were the particu
lar target at which Senator Kenyon
shot his hottest invectives.
Dally Imbb Held 5O0,00O.
Stating that shipping board opera
tions were resulting in a daily loss
to the government of from.. J500.000
to (1,000,000, Senator Kenyon declared
that "unless" these expenses can be
stopped the American people will not
stand for this thing much longer."
The Iowa senator's charges aroused
the senate so that half a dozen sen
ators were on their feet at the same
time, either to denounce the board or
to defend it and to plead for approval
ot the 175,000,000 appropriation, a net
increase of $50,000,000 over the
amount given the board by the house.
(Conciuded on Pago z. Column 1.)
I ' J . Ill
i M..MIM MI.4
Witnesses for Defense, of Slayer
of ex-Grand Vizier of Turkey
Tell of Atrocities.
BERLIN, June 3. (By the Associ
ated Press.) Salamon Teilirian, the
Armenian student who in March last
shot and killed Talaat Pasha, ex
grand vizier and minister of finance
of Turkey, was acquitted in the as
size court today.
Teilirian in his defense asserted
that his mother, who was murdered
in 1915 during the massacres in Ar
menia, had appeared before him In
vision and exhorted him to kill Talaat
in revenge for the massacre of 100,000
Armenians.
Talaat was killed in Charlotten
burg, a suburb of Berlin. The Ar
menian accosted him in the street
and shot . him dead, also wounding
Talaat's wife.
"Their destination is the void,
Professor Lepsius, the Armenian
leader, told the ' court today were
Talaat Pasha's instructions when or
dering the deportation of Armenians
into the Mesopotamlan desert. Frofes
sor Lepsius, in his testimony for the
defense, unfolded a gruesome tale of
how ..tens of thousands of the de
portees either were massacred or suc
cumbed to starvation and exhaustion
The Turkish gendarmes, Professor
Lepsius asserted, frequently tied ten
or 20 Armenians together and threw
them into the water.
Another witness testified that he
had seen a telegram from Talaat to a
high Turkish official which said:
"Telegraph me bow many are dead
and how many still are alive."
Five messages signed with Talaat's
name were introduced in evidence,
one of which contained orders to "re
move the children from orphanages
in order to eliminate future danger
from antagonistic elements."
WRIGHT COMPANY WINNER
Navy Department Makes Award for
Special Aircraft Designs.
WASHINGTON, D. C. June 3. First
award in the navy department's com
petition for designs of aircraft to be
used on board naval vessels goes to
the Dayton-Wright company, Dayton,
O., It was announced today.
The winning design will be pur
chased for $16,000 and a contract let
for construction cf experimental
planes.
PASCO - FARMER KILLED
W, E. Campbell Struck by Recoil
, of House-Moving Cable.
PASCO, Wash, June 3. W. E.
Campbell, SO years of age. prominent
rancher of Kennewick, was killed
this morning when the cable which
he was using to move a house
snapped and in the recoil struck him.
Campbell is survived by a widow
one daughter and two sons.
THE ONLY WAY YOU CAN CATCH 'EM NOWADAYS. J
me.vv- ;:
Zine Sulphide Sprinkled Over
Ashes Radiates Glow Which
Reveals Lost $56000 Treasure.
NEW TORK, June 3. (Special.)
Stripping the bandages from one of
his patients, Dr. W: F. Faison of
Jersey City carefully extracted one
radium tube. He threw the bandages
into the- wastebasket and called It a
day.
Twelve . hours later Wednesday
afternoon, to be exac,t Dr. Faison
recalled suddenly that there had been
two tubes in the bandages, each
valued at $6000.'
Meanwhile the contents of the
wastebasket had been thrust into the
furnace, as was the custom, and a
fire lighted. After a frantic search.
Dr Faison notified the radium in
formation service. Then the radium
luminous material corporation sent
one of its experts on a mission ot
radium detection.
Shortly after dark the expert and
Dr. Faison went to the furnace. Coals
and ashes were sprinkled over the
floor. . The expert removed the un
burned coals until finally the cellar
floor was spread one inch thick with
a fine sprinkling of ashes.
What followed was described by
Dr. Faison as a "pretty demonstra
tion." It Is known that zinc sulphide
becomes phosphorescent in contact
with radium and shows a vivid glow.
The expert covered the windows of
the cellar until all was pitch dark.
Then he sprinkled the ashes slowly
with the sulphide, inch by inch. Soon
the watchers saw a dull light gleam
from among the ashes, and there was
the missing radium tube.
The tube was one inch long, with
an outer surface or gum ruDDer; tne
radium was in glass, the glas3
covered with silver; about the silver
was a brass tube, and about the tube
the rubber.
The rubber was burned away, but
the radium Itself was not harmed.
ANCHORAGE STORES BURN
$50,000 Blaze Sweeps 10 Bnsiness
Buildings; Entire Block Gone.
SEATTLE, Wash., June 3. (Special.)
-Fire starting from the explosion
of a gasoline heater in the Sourdough
barber shop, swept the business sec
tion of Anchorage, Cook Inlet, Alaska,
last Tuesday night, according to ad
vices received in Seattle today. The
flames Sestroyed ten store buildings
on the north side of Fourth avenue
between C and D streets. One entire
block of the business section of An
chorage was in ruins, according to the
advices.' The fire extended from the
Union cafe west to Parker's grocery
store.
Officers of the Alaska Steamship
company In Seattle, wno were aavisea
of the fire, said .that arrangements
were being made for the shipment of
lumber from Seattle to Anchorage to
rebuild the structures. The loss wa.
estimated at $60,000, with no insur
ance. -
Loveland Dam Breaking,
City Flooded.
CITIZENS FIGHTING DELUGE
Residents Warned to Move to
Higher Ground.
PUEBLO BASEMENTS FUL
Four Known Dead as Result
Flood and Many Missing.
Property Loss Enormous.
LOVELAND, Colo.. June 3. Wat
was pouring through a break fou
feet square in the south dike of Lake
Loveland, on the south edge of thl
city, and virtually the entire popula
tion tonight was aiding in an effort
to check the leak.
At 9:30 o'clock tonight the B
Thompson river, which flows east ou
of Estes park, washed out the Colo
rado & Southern bridge, half a mi
out of here, and a wrecking ere
was attempting to build a structure
that would enable trains to cross tern
porarily.
The Loveland-Greeley irrigatio
ditch was overflowing and water was
running more than a foot deep In th
streets. It was feared the overflow
from the lake would fill the irrlga
tion ditches and endanger this entire
section.
A general alarm was sounded to
night at 8 o'clock and voluntee
workers were piling rocks and bags
of cement In the hole in the dike In
the lake dam.
Basements of homes and buslnes
houses were filling with water. Resi
dents in the lower part of the city
were moving out to higher ground,
CLOUDBURSTS WORK HAVOC
Lives, Homes and Property Lost In
. Colorado and Wyoming
DENVER, Colo,, June 3. Four per
sons dead, two missing and thousands
of dollars' damage to farm property
and crops were the known result to
night of cloudbursts last night an
today in Colorado and Wyoming.
A flood warning was issued
Pueblo tonight.
Train service to the north . from
Denver was crippled tonight. The
Colorado & Southern railway an
nulled its night trains to Wyoming,
fdna Gray, 11, and Margery Gray
were drowned while escaping from
their home near Pueblo.
Fear that the Marshall lake dam,
miles north of Denver, would break
under the strain was dissipated to
night when the flood waters were be
ginning to recede. Trains in the vt
clnity were detoured when leaks were
found in the dam, but workers bol
stered up the weakened structure and
tonight it was announced the danger
was past.
The death of the Gray children at
Pueblo occurred when a cloudburst
early today sent a wall of water sey.
eral feet high down Dry creek.
A bridge on the Atchison, Topeka
& Santa Fe railroad between Pueblo
and Canon City was washed out and
the automobile road to Canon City
from Pueblo was reifdered impassable.
A tail end of the cloudburst, which
struck northeastern Colorado early
this afternoon, reached Denver to
night. The damage wag confined to
flooding ot streets.
WOMAN, CHILDREN MISSING
Father Rescued, One Child Dead,
Home Swept Away.
GREELEY", Colo., June 3. One child
is dead, its father, Carl Davis, is in a
critical condition and Mrs. Davis and
two other small children are missing
tc night as a result of a flood which
today swept the Davis family out of
its home at Willard, Colo.
The body of the Davis Child was
found 19 miles east of Willard. Mr.
Davis was rescued and Is being cared
for at a ranch near Stoneham. The
search for Mrs. Davis and the other
two children is being continued.
The flood resulted when the spill
way dam of the North Sterling reser
voir gave way during the night. "
RESERVOIR DAM WASHES OCT
Valley Flooded, Woman Dead and
Three Children Missing.
STERLING. Colo., June 3. One
woman is dead and three children
are missing as "the result of a flood
this morning that swept down the
valley of Pawnee creek, northwest of
Sterling.
The spillway dam of the North
Sterling reservoir, gave way during
the night and the valley, about a mile
wide and several miles long, was
flooded.
PUEBLO ALMOST INUNDATED
Basements of Business Houses Full,
Water Rising.
DENVER, Colo., June 3. The water
had risen until the basements of most
of th" business houses in Pueblo were j
(Concluded on Fag 3, ColUina 2.) i
Employing Printers' Threat Disre
garded Competition Negligi
ble, Suys Woodward.
S,-hool directors of the Portland
district appeared yesterday to have
a lawsuit on their hands as result of
the decision at the board meeting
Thursday afternoon to proceed with
the publication of various school
magazines, in disregard of a recent
state law prohibiting work being
turned out by school printeries save
that in which the directors have a
direct interest.
Principals of Jefferson high and
Benson Polytechnic schools were no
tified yesterday by a representative
ot Portland employing printers that
If school publications were Issued
from the Benson printing shop In
future, an injunction would be asked
in the courts to prevent such use of
the school shops.
W. F. Woodward, member of the
board, was advised of the warning by
both principals yesterday, and he gave
them instructions to proceed with
publication of the forthcoming issues
of the "Cardinal," the Benson 'Tech"
and any others due to be published
before the close of school.
"We propose to test the law," said
Mr. Woodward yesterday. "We are not
defying the law, but we must violate
it before a test can be had. Taxpay
ers are supporting a high-class print
ing establishment at Benson Poly
technic at considerable cost, and there
is no good reason why printing of
such high quality as is done there
should not have some measure of
value. It would be Just as reasonable
to say foods prepared In the girls'
classes should be thrown away In
stead of being used. Competition i
either case with industrial plants
negligible.
"I believe the school publication
are worthy In every way and should
be encouraged, not frowned upon
the school board is wrong or the com
munity Is wrong In permitting th
and a law which prohibits it Is const
tutionally right, let us know It an
let the public, above all, be Informed
of the issues involved."
1925 FAIR HERE INDORSED
National Electric Light Associatio
Supports Portland.
CHICAGO, June 3. (Special.) Th
44th annual convention of the N
tional . Electric Light association
unanimously resolved today to sup
port Portland for the exposition I
1925. A resolution was Introduced by
Guy W. Talbot, president of the Pa
clfia Power & Light company, and re
celved with applause.
Among the officers re-elected wa
Franklin T. Griffith of Portland, who
was advanced to third vice-preal
dency. and this practically assures
Portland the 48th convention In 1922
"Luke McLuke"' Dead.
CINCINNATI, June 3. James S.
Hastings (Luke McLuke), widely
known as a newspaperman and a hu
morlst, died at midnight at a Cin
cinnati hospital following an opera
tion for appendicitis. He was 63 years
old. Mr. Hastings had been on the
staff of the Cincinnati Enquirer for
20 years. He is survived by a widow
and four children.
NDEX OF TODAY'S NEWS
The Weather.
YESTERDAY'S Maximum temperature, 73
degrees; minimum. 00 degrees.
T O D A Y'S Probably showers; westerly
wind..
Foreign.
Amuln of Turk acquitted In Berlin.
Page 1.
Ammunition factory In Dublin la set afire.
Page 2.
Roman campagna to be restored. Page 15.
National.
Alaskan, propose to test mereantlle ma-
rln. law affecting ahlpmenla north
Page 3.
Shipping board declared ts b "reeking
with graft." Page 1.
Home, of future held in danger. Page 1
Benefits of western irrigation pictured to
senators, rage 3.
nomratir.
Radium worth ooo cast Into fire la re
covered unharmed. J'age 1.
Neg-ro learlera hold Irresponsible blacks
responsible for Tulsa riots, rage 2
New love nest of Mr. Stlllman's la revealed.
Page 3.
Colorado towns fsce destrtction aa result of
floods. Page 1.
Pacific Norlhwewt.
Antelope postmaster commits suicide after
shortages are discovered. Page 1.
Oregon Jersey Jubilee draws leading cattle
breedera to Tillamook. Page 7.
Oregon clubwomen re-elect Mrs. Ida B.
Callahan president. Pag. o. ,
United States school bureau favored by
grange. Page 4. .
Use ot initiative system attacked by bank-
era. Page 1.
Sports-
Pacific Coast league results: At San Pran-
clsco, Oakland 7, Portland 4; at Los
Angeles 7, Vernon 1'; at Salt taike 7,
San Francisco 9; at Sacramento 1, Se
attle 5. Page 13.
Dempsey'a morale target or French.
Page 1-'.
Tllden and Washer to play for tennis
title. Page 11'.
Northwest conference track meet today.
Page 13.
Georgea apparently free from worry.
Page 11'.
Commercial and Marine. i
Wheat prices lowered In nortnwest when
eastern markets slump. Pag I'l.
Slowing down of export buying weakena
wheat at cnicago. i-.g. -i.
Stock market depressed by selling for bot'j
accounts, fage -l.
Japanese carriers to provide competition
in grain traae. rage j.
Portland and Vicinity.
Mayor Baker makes appeal to voters to
approve ran niminn crujcci. rag. ji.
One killed, two hurt Dy railing shovel.
Page Jo.
School publications ordered Issued despite
threat ot employing printers. Pag. I.
Slacker defies country to get him. Page 10.
Festival requires early entry of floats.
Pag 8.
Cltv-wlde camralm to reduce taxes Is
'started. Pag 4.
Oregon vegetables and fruits appear on
market. Tage 14.
Rat killers enter waterfront race. Page 10.
Y. M, C. A. school graduates 110. Tag 11
Law System in Oregon
Declared Evil One. '
BOMB SET OFF AT SESSION
Oregon Association Opens
Seaside Convention.
REPEAL IS ADVOCATED
U. Carpenter Decluret Groups
Cause Repeated Tights on
Same Old Theories.
SEASIDE. Or., June 3. (Special.)
With an attendance of more than 120,
the lth annual convention of the
Oregon Bankers association convened
here today at 10 o'clock with N. L".
Carpenter of Portland, president, pre
siding. Ideal weather greeted the hankers
and the programme of the day was
Instructive and profitable.
Many constructive addresses were
given and several recommendations
were made for Improvements In the
banking business.
President Carpenter ,-nd Frank C.
Bramwell, superintendent of banks,
spoke.
Mr. Carpenter dropped a bomb
shell at the meeting. After discuss
ing the needs of a revision of the
methods of taxing banks in the slate
and referring also to needed legisla
tion as regards the federal Income
and excess profits tax, Mr. Carpenter
said that it was his opinion that the
Initiative system of Oregon, whereby
any group can initiate legislation,
however bad, against good buslncaa,
requiring effort and expense In fight
ing the same old theories every year,
should be repealed.
Action Hy Banker I red.
He recommended that efforts 1
made by barkers to submit the ques
tion to the voters of Oregon, recount
ing that this was done last year in
Idaho and the system killed then,
"Financial co-operation" was the
topic on which Mr. Bramwell spoke
He complimented President Harding's
new controller appointee, David J.
Crlssenger, on his policies and the co
operation shown state banking de
partments. Perhaps the most important ad
dress of the convention was on "De
flation and Progress." delivered by
Kollln P. Grant, vice-chairman of th
board of the Irving National bank of
New Tork.
Uuslneaa Cycle DUrnsaed.
Mr. Grant pointed out that a period
of falling prices such as we are now
passing through is Just as normal
as the period of rising prices which
preceded.
"It was a mistake," Mr. Grant said,
to believe, as some people did. that
the federal reserve system would
abolish business cycles. No human
institution could do that. But while
the federal reserve system cunnot
abolish business cycles, due as they
are In part to world conditions be
yond control, it can and has prevented
a panic.
"The 1J federal reserve banks have
stood like 12 great fortresses, guard
ing our credit system, and we do well
to give thought to America's unques
tioned strength and stability In the
present troublous state of world up
heaval and disorganization.
Panic Declared Averted.
"In the extent of the liabilities In
volved, failures in the first quarter
of 1921 have been exceeded only once,
in the fourth quarter of 1907, yet
thanks to the federal reserve system,
there has been no panic. We hav
passed through the worst. The do
mestic situation Is very much bet
ter than It was after the civil war.
We have had no depreciated currency.
"We have an abundance of gold and
he banks hav and will take care of
all the needs of legitimate business
as they arise. I am firmly convinced '
that low prices mean progress and I
believe that the present business sit
uation hers In the United States ts
brightening and we are moving slowly
on the way toward prosperity. "
Invocation was given by Itev. A.
Brackenbury and the address of wel
come was by Mayor Hurd. On behalf
f the bankers C. H. Vaughan of Hood
River responded.
Other speakers were: A. It. Truax
f Seattle, who substituted for S. M.
Jackson of Tacoma in a talk on "For-
ign Trade Financing"; J. Dewilde of
Pendleton on "Greener Pastures." per
taining to bank advertising; Arch J.
Tourtelotte, accountant of Portland,
Federal Income and Excess Prof
its Taxes"; andC D. Row of Eugene,
chairman of the agricultural commit
tee of the association, who spoke at
length on agriculture, fruit growing
and livestock efforts In the state.
Committee Are Named.
Committees were appointed as fol
lows: Auditing. T. H. West, The
Dalles: K. C. Sammons, Portland; W.
G. Vassal. Dallas. Nominating. A. C
Shute. Hlllsboro: J. S. Blrrct, Port
land; Leon M. Brown. Burns; W. Jt
Bennett, Pendleton; S. M. Miles, 8t.
Helens. Resolutions, It. A. Blanchard,
Portland; H. B. Kvans, Canny; John
R. Humphreys. Oregon City; Luke I.
Goodrich. Lugene. and Lydell Baker.
Portland. Kdncatlonal. John N. IM-
lConcluud va l'ag. . Culuum "1 t
i