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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 27, 1922)
0 rnE MORXIXG OREGONTAX, TUCK SD AT, API?rL 27, 1922 POIIM SPEECH AT Signers of Versailles Pact to Discuss Reparations. BRITISH ASSUME LEAD English Delegation Declared Frankly Angry at French Pre- mler'a Recent Remarks. BY ARXO EOSCH-FLEtTROT. tOopyrlgrht by the New York World. Puh HcHed by Arrangement.) GENOA, April 26. (Special cable.) Premier Poincare'a speech at Bar-le-Duo will have a reaction in Genoa such as he could hardly have sus pected. The British have taken the lead in a more to g-et together all the powers which signed the Versailles treat- to orevent the French from ctlne; without tnem. Tnnie-ht the British announced imeetins: of these powers here withi the week and It will toe called with the consent of the French delegation. It must be held here, for otherwise it would be difficult to assemble such a gathering: before May SI. when sane tions against Germany will b pos eible. Premier IJoyd Georg-e's noa-aggres eion pact Is still in the air, but it is practically certain some sucn ar rangement will be one of the big- re sults of the conference. Several Versions Sng-geafed. Several unofficial versions which -rta.in nations would like to see arinnteri are known. However, the British deny publishing any official nlan. but they have been gathering oninions from all the powers here except Russia and Germany. I.,nrl disarmament, which lies be hind Mr. Lloyd George's scheme, would appear to have a considerable chance of success here, though not in cuite so pacific a form as tne urmsn -wniiM wiRh. Premier Ben'es of Czecho-Slovakla liai b train been the Ko-ibetween for th French and British in this regard. As he and the other statesmen of the little entente, for whom he speaKS, wish some guarantee, he has been able to bring the French half way rvwjirrt the British view. The non-aeirression pact Is Inde pendent of the Russian negotiations, is discussed separately and will be adopted regardless of the success of the dealings with the Soviets, at wm provide for a land armament holi dav and guarantees of existing fron tiers which will immediately remove the cause for most of Europe s argu ments. German Session Separate, The meeting of the signatories of the Versailles treaty will be a sepa rate event, but will be closely allied to the plan. The British are aeter minorf to remove dangers existing in the Versailles instrument, fearing they may develop Into weapons of offense and the chance for doing It tvaq never batter. They are also frankly peeved at -what they consider Poincare's gratui tous remarks about acting without the allies and not stopping until they have the destiny of the continent in their hands. GERMAN SESSION IS PLAXSED British Annonnce Conference to Be Held In Near Future. GENOA, April 26. (By the Asso ciated Press.) Announcement by the British delegation that a meeting of the signatories of the Versailles treaty will be held In Genoa within a fort night to determine upon action in the event of Germany's failing to meet her reparations obligations at the end of May, was the chief feature of to day's conference activities. This call for a meeting of the allies was inspired by Premier Poincaires Bar le Duo address, intimating that France was prepared to act alone If the allies failed to support her in en forcing the treaty. Poland replied to Russia s protest charging the Poles with violating treaties with Russia and seeking to undermine Russian sovereignty. The Polish reply asserted that the Poles were endeavoring to assist in the re construction of Russia, and had no thought of violating their treaty agreements with Russia. While the leading statesmen assem bled in Genoa were consulting each ether on what kind of a reply they should make to the bolshevik counter proposals, and what should be the probable scope of the non-aggression pact, which it is proposed to submit to the conierence, the experts here from many lands were hurrying on with their technical work connected with economics, finance and trans- poxt The transport commission held a final sess'on and recommended the urgency of the powers adopting all possible measures in concert to im prove the transport system of Europe. The league of nations was asked to invite the nations, whether members or non-members of the league, to work together on technical matters furthering the cause of transport. The experts Insist that important things have already been done at Genoa in the way of Improving con ditions: these have largely taken form of arranging for future conven tions, but it is pointed out that the present convention, including 34 states, has brought about knowledge of actual conditions In Europe, which Is certain to prove beneficial for fu ture amelioration. Much is expected from the currency and general finan cial meetings, which will be held at London and Paris. The exact form of Mr. Lloyd George's proposed pact has been the subject of grave discussions among the leaders, as they wish to introduce measure strong enough to be gen uinely effective in reducing to a mini mum the chances of war. The Wash ington four-power pact is frequently referred to as an example on which this project may be based. BOGUS BOND ROW AIRED (Ccntinufrd From First Pag.) lngton was discovered down in front of the New Wlllard with 31 $1,000 duplicate bonds, and he was dis charged from custody in four days. I will say to the gentleman that I sub mitted seven pages of duplicate bonds. Mr. Wmgo What did Mr. Mellon say to the gentleman Mr. Johnson I have never dis cussed it with him. The first notice was given to. the administration when Mr. Wilson was in power, and Mr. MeCarter was compelled to leave be cause he was bringing this to the at tention of the administration with which he was affiliated. Independent Note Made Mr. Johnson was asked If he had any Information aa to what the check-up at the bureau of engraving with a view to those things divulged. GENOA he replied. "That has not been a part of my duties. I will say that my in vestigation, which was of an inde pendent character and which not only produced some of the facts which no one denied came to another branch of the government, and the exact part in detail which individuals have had in this, I am not able to tell." Mr. Wingo declared he took it that no member of congress "would be so reckless of the public welfare as to stifle the facts with reference to any matter that involves the public credit or instruments of the government In the hands of citizens and banks and trust companies throughout the coun try." Secretary Is Trusted. "While the present secretary of the treasury belongs to a different politi cal party from that to which I be long," said Mr. Wjngo, "I do not be lieve he is going to tell the country a falsehood, and when be said a few days ago that there was nothing in the statements that were sent broad cast, and that they could have noth ing but a bad effect on the credit of the United States and bring uneasi ness1 to investors and banks and hold ers of trust funds that might ho:d the bonds of the United States. I say that when Secretary Mellon said that these wild, reckless statements were false, I believe that Secretary Mellon spoke with knowledge of the facts, and that be would not deny it if it were true, but that the man certainly would take the American people into his confi dence and say so if it were, true. "If it is true." he added, "and you are going to continue to bandy that thing about In the public press and in this record here, you owe it to your party to have an immediate investiga tion." COUNTERFEIT STORY DENIED Secretary Mellon Issues Statement Regarding Bond Charges. WASHINGTON, D. C, April 2. Charges that the country Is flooded with millions of dollars' worth of counterfeit currency, federal reserve notes, government securities and stamps "are wholly without founda tion," Secretary Mellon declared to night in a letter to Frank J. Cole man, editor of the Plate Printer. Mr. Mellon's letter was In response to one from Mr. Coleman submitting. at the secretary's request, evidence upon which such charges were pub lished In the Plate Printer, a publi cation of the union plate printer em ployes of the bureau of engraving and printing. The treasury secretary declared that j the data in the National Counterfeit Detector, submitted by Mr. Coleman, were "entirely misleading" and con sisted of all the counterfeits reported since the civil war, including many that have never been accepted. The receipts of counterfeit cur rency by the secret service, he as sorted, furnished the most accurate indication of the amount actually in circulation, and he quoted figures comoariner the amount of counterfeits to the genuine issues outstanding lor the past five years. But of the counterfeits coming into the possession of the treasury, Mr. Mellon explained, only a small amount represented money actually in cir culation. During the fiscal year 1921, he stated, counterfeits to the amount of $196,993 were recorded against a genuine circulation of J4, 556,328,982, but of the former sum 1108,925 was recovered before the issues "were placed in circulation, and $73,556 was raised notes, leaving the amount of counterfeits not recovered from cir culation during the year only $14,522. PREMIER WANTS AMERICA (Continued Fron Flrat Paga.) younger men present, Europe aga-iu would welter in blood. We triumphed in the war," he said, "but our triumph will not last forever. If our victory develops into oppression vengeance will follow, just as Germany's action which started the world war was followed by ven geance. "We must he 5ust and equltaDie and show strength; we must realize that Europe is not on good terms and that storms are arising with which we must deal. We have hoped that the end of the great war meant he end of brute force, but unless Europe's problems are solved there is o assurance that force has given way to right." The British prime minister solemn ly urged the press to InstiLl patience. good will and fellowship through-out the world. "You are here," he concluded, "to instruct, to sustain, to guide, and 1 beg of you In the interests of the world's future not to add to any ob- tacles which are in the way, but to use your Influence to help in the solu- ion of difficultes which are full CI menace. East Side Club Meets Tonight. John M. Jones, postmaster of Port land, is to speak before the East Side Business Men's club, 114 Grand ave- ue, at Its dinner meeting at 6:30 'clock tonight,, on "Mail Early .and Often, and How to Expedite Your Mail Deliveries." Other speakers will be George W. Chilson, editor of the Port- and Daily Shipping News, whose sub ject will be "Speeding Up the Parcels Post," and A. R. Gephart, who will have as his theme "Portland's Poverty Problems from the Public Welfare Bureau's Standpoint." Mrs. J. R. Thiehoff is to sing and E. A. Clark will be chairman of the day. The din ner will be served by the women ol the Central Presbyterian church. Best grades of coal well screened. Diamond Coal Co.. Bdwy. 3037 Adv. LOWEST RATES on Black & White TAXIS call Broadway 98 Sure Relief FOR INDIGESTION F II IHDiGESTIOMj 6 Bell-ans Hot water Sure Relief Firms NEAR .END OF TASK Results Carefully Couched In General Terms. ALL NAMES ARE AVOIDED Onus of Advising Action Deferred to Sleeting to Be Called In London Later. BY JOHN MAINARD KEYNES. Fellow and Bursar, Kings college. Cam ixrlrirrs-' .rffm. Fnonnmtc Journal. London author "The Economic Consequences of tha Peace" and "A Revision of th fCrtDvriirht bv the New York World. All Rights Reserved. Published by Arrange anent. ) GENOA. April 26. (Special cable.) The work of the financial sub-commission Is now practically completed. No attempt has been made to aran conventions or to agree on imme diate action. The results take the form of rec ommend'ing general principles in gen eral terms without mentioning names. All the resolutions are abstract and none of them mentions specifically an Individual country. The general effect Is to suggest that the time is not ripe to do any thing in particular. The onus of ad vancing action is handed on to yet another conference, an assembly of representatives' of central banks to be summoned by the Bank of Eng land. But it is doubtful If these bankers, meeting in London, will be any bolder than much the same men meeting in Genoa. If the federal reserve board of America has constructive ideas and is ready to help, something might be done, as I have already suggested Otherwise progress must come from tb action of individual countries. Experts Rather Pathetic The experts at Genoa seem to rec ognize this In a rather pathetic pas sage where they "venture to assert" that "considerable service will be rendered by that country which first decides boldly to set the example of procuring immediate security in terms of gold by devaluation. Subject to these llimtatlons the resolutions are academically admir able. They follow lines already fa miliar, but include a rather more de cisive recommendation of the policy of devaluation than some had - ex pected. The value of this declaration, which as stated above was not made appli cable to tny countries by name, was, however, much diminished by the dis cussion which accompanied it. The representatives of Italy, France and Belgium (Peano, Picard and Thei unys) are united in declaring eo far as their countries are concerned they will have nothing whatever to dr with devaluation, and they are de termined to pursue a policy of restor ing their respective currencies to their pre-war value. Statement Thought Unvflse. It is uncertain how far such dec larations represent the real opinion of those who make them, and how far they : are merely conventional repetition of what-it seems safest to say in view of ignorant outside opinion. But in any case it ie very depressing that these men should have thought it their duty to speak so un wisely. All three currencies concerned, it seems, would have to be raised in value by from 100 to 200 per cent. process which, if it were possioie would create endless trouble in the countries affected and by doubling or treblincr the burden of their inter national debts, would render these insupportable. Is economic education In , Italy. France and Belgium really as back ward as their representatives seem to think? Italy at any rate, I had ex pected would be more sensible. At least the world must taKe note that Italy, France and Belgium have declared themselves, through their representatives, to be opposed to a policy of stabilizing exchanges. On the contrary, their policy is to cause them to fluctuate In value from 100 to 200 per cent In the near future. So long as this anti-stabilization policy Is offiieally maintained it is premature to spend time finding a so lution for the technical difficulties of stabilization, should such a policy be desired. Nor Is it much use for these coun Hazelwood Orchestra J. F. N. Colburn, Director TONIGHTS PROGRAMME 6 to 8 and 9:30 to 11:30 1. "Drifting," fox trot .....Randall and McClelland 2. "Blossom Time." waltzes.. Sigmund Romberg 3. "Master Melodle V from famous light operas C J. Roberts 4. "If I Had My Way," fox trot song B. Mecum 6. "Three Songs From Eliland" A. von Fielitz (a) "Silent Woe.'" (b) "Secret Greetings. (c) "Anathema." 6. "Liebesfrend .... F. Kreisler 7. "Mon Homme" T. Tvaln 8. "From the Canebrake" S. Gardner Washington St. Hazelwood CONFECTIONERY AND RESTAURANT 388 WASHINGTON STREET Near Tenth WOOD FUEL IS Costs Less Than HOLMAN Hi .:9- . S. & H. Green Stamps 1 tries which are opposed to stabili zation for the present to send repre sentatives to monetary conferences at Genoa or London or anywhere else. The second sub-commission, in a useful resolution, has declared itself opposed to any kind of official con trol of exchange operations for what ever purpose it may be undertaken. They have also adopted as deserving of consideration certain suggestions for the improvement of the market in foreign exchanges lately proposed by the present writer. The third sub-commission, of which the labors are not yet formally con cluded, will probably content itself with a single resolution welcoming international co-operation. The warmth of life has not been felt by the financial section of this conference. It has hot believed In It self, and :n bored and languid spirit its chief efforts have been devoted to getting through its business with a measure of intellectual self-respect and without appearing too obviously futile. TARIFF BILL HELD VICIOUS SENATOR SIMMOXS DECLARES ' MEASURE DESTRUCTIVE. Democratic Leader Gives Warning of Higher Prices, More Idle Men and Monopolies. WASHINGTON", D. C, April 26. Summing up a three hours' attack on the pending tariff bill today. In the senate. Senator Simmons, democrat. North Carolina, declared that it was his deliberate judgment that the meas ure was "fraught with more danger to the people of the country, and th institutions under which they liv than any bill which ever crossed the threshold of this chamber." The senator said he supposed th measure would be passed not because it met the judgment of the senate bu because considerable part of th majority of the senate "are wlllln to forego their opposition to wh they regarded as unjust imposition upon the people in order to get con cessions for those in whom they are especially Interested." Departing from the text of his ad dress, which had been prepared afte what he described as a careful study of the bill, the democratic leader said there should be no deliberate delay ing tactics on the minority side but there must be full and free discus sion "to make clear what this bill, If passed, will mean to the America people." Senator Simmons, who was chair man of the senate finance commit tee, when the present Underwood act was framed, was given close attention by about a score of senators, one o the large? attendances on the floo since the Cebate on the tariff meas ure opene.1. He declared that the rate in the bill, calculated upon the basi of the price of products during the two periods, were from 40 to 45 pe cent higner than those of the ill fated Payne-Aldrich" tariff and were double thi'se in the Underwood law. Enactment of the measure, he as serted, would result in higher costs of living, increased unemployment and the 'further monopolization of American Industries." TWO CONVICTS TESTIFY Moving - of Goods From Prison Warehouses at Night Testimony HELENA, April 26. (By the Asso ciated Press.) Two convicts from the Montana jenitentiary today testified to the moving of large quantities of goods from the prison store to ware houses and other property owned by Frank Conley. ex-warden. Much of this moving, it was said was done at night just prior to the taking ovpr of the prison manage ment by the present warden. M. W. Potter. The testimony was Introduced at the trial of the state's emit for accounting against Conley before Judge A. J. Horsky. Evidence to Be Presented. CHICAGO, April 26. Representa tives of the national Industrial traf fic league and the national industrial FILLING Perfected Ink Pencil with a pos itive built-in cleaning device to keep point Free From Dirt Gives writing satisfaction through years of constant ser vice.. If your Dealer cannot supply you, order a.rect. (asn re funded if unsatisfactory on 10 Days' Trial. GRAND 0 RAPIOS. MICHIGAN CLEANEST Other Fuel. FUEL CO. J . Broadway 6353 Automatic 560-21 OvemMS sEUf it From $2.50 Mf& to $6.00 fa Non Ml . Leakable r conference board expect to appear be fore the United States railroad labor board Friday afternoon to present evidence in connection with the dis pute between the railroads and the union over wages, now pending be fore the board, it was announced to day. SCHOOL CASES CONTINUED Affidavits of Prejudice Filed in Salts at Bend. . BENT), Or., April 26. (Special.) Two cases brought against the Bend school board were continued until some date toward the middle of May as the result of an affidavit of prej udice filed this afternoon by W. P. Myers, attorney for the plaintiff in each case. A Judge from some other district will come to Bend at that Let k for this Semi MA FKAXCISCO We Are Preparing OUR BUILDING HAS BEEN SOLD to the Egbert-Young Shoe Co., who are to occupy when our lease expires. While it is too early to announce our plans as to a new location, it will take weeks of brisk selling to sell off our present large stock of Suits and Over coats, to say nothing of the many garments now in process of manufacture for us. ,verv buit Must iao! New Spring Garments at Drastic Reductions $40 Suits -reduced to $29.50 $45 Suits reduced to $36.50 $50 Suits reduced to. . . . $38.50r $55 Suits reduced to - $42.50 $60 Suits reduced to $46.50 $65 Suits reduced to. $49.50 Overcoats and Raincoats $40 Overcoats reduced to $29.50 $50 Overcoats reduced to $38.50 $60 Overcoats reduced to. . . .$46.50 $75 Overcoats reduced to. . . $58.50 Evening dress suits and dinner coats at great reductions. Special Sale of BLUE SERGE SUITS WINTHROP HAMMOND Correct Apparel for Men 127 Sixth St., Bet. Washington and Alder Sts. Established jn 1334 as Buffum & Pendleton Co.) time to preside over circuit court sessions. The chief case, that of Frank I. Rockwell against the dis trict, a breach of contract action to recover $1620 salary alleged due, was to have been heard today, and was postponed when Mr. Myers presented his affidavit. The other action is the injunction suit brought by L. F. Orrell and others seeking to restrain the dis trict from paying further salary to S. W. Moore, city school superintend ent. Kight-of-Way to Be Sold. SALEM, Or.,-April 26. (Special.) R. B. Goodin, secretary of the state board of control, today was author ized to advertise for bids for the sale of the right-of-way of the old port age railroads near The Dalles. The Oregon-Washington Railroad-& Navi- ration company desires to obtain pos-1 PFarm or CooL As Tou Like A CHEERFUL glow from the electric heater or a grateful breeze from the electric fan. Electricity's gifts of comfort and con venience are numberless. You can enjoy them all provided the electrical installation of your house has been made by a qualified contractor, so that you have plenty of con veniently located outlets, and provided you are careful to equip your home with standard electrical appliances. The Pacific States Electric Company dis tributes a complete line of electric installation materials and appliances which are inspected, approved and certified with our "check" seal. Dealers and contractors who are qualified for responsibility and competence distribute electrical appliances and installation materials marked with this seal, which is, therefore, a helpful guide both to quality in electrical merchan dise and to the competence and re sponsibility of the dealer and contractor who handles it. You will enjoy tttr new hook!et"The Electric! 'How' foe Householders" which lists some of these standard materials and appliances and describes their use in the progress of a typical day in an electrified home. It may ie obtained fret from any contractor or dealer displayinf our seal. PACIFIC ELECTRIC COMPANY lot AVOELES MENS Ahead for Removal! It is our purpose to see that every patron is as carefully fitted as if we were receiving a profit on the sale, and the problem of selling out a large stock of clothing requires much more time and care than with any other class of merchandise. Consequently, we are forced to inaugurate thi preliminary Removal Sale of Men's Clothing. Small lot of winter overcoats at ONE-HALF price! sesslon of the property and will sub mit a bid. A public sale of the prop erty was declared by the board of control to be preferable to a private sale. Bonus Bonds to Be Delivered. SALEM, Or., April 26. (Special.) The world war veterans state aid commission Friday will deliver to Portland the last of the initial bond issue of $10,000,000. for the adminis tration of the so-called soldiers' bonus law. This delivery will be in the amount of $1,600,000. There has been authorized for administration of the bonus act approximately $30,000,000. The last day for qualifying for bene fits is May 26. Colonel Partello Transferred. THE OREGONIAN NEWS BUREAU, Washington, D. C April 26. Lieu- It CO. tenant-Colonel Joseph K. Partello. professor of military science at Ore gon Agricultural college, Corvallla. has been ordered to the general stall school at Fort Leavenworth, Kan. a & H. green stamps ror cash. Hoi man Fuel Co., coal and wood. Broad- wav s:;rs. fin-8 Adv Wanted ler IIeF Bricklayers $1.10 Plasterers 1.10 Stonecutters 1.02 Vi Stoneplanemen ... .82 Vi Must Be Union Men Plenty of work for good mechanics only. Write or Apply Empire Construction Co. 218 North Clark St. Chicago, III Wanted Per Hoar Carpenters $1.00 Lathers 1.00 Painters 95 Plumbers 1.02 Vi Slate and Tile Roofers 1.00 Tar and Gravel Roofers 92 '2 Open Shop Only experienced mechanics wanted. Apply by letter. Empire Construction Co. 218 N. Clark SU Chicago. Ill TlfOMPBOVi Deep-Carve Leases A rr Better. Trade-Mark Hesistared THE SIGN OF PERFECT SERVICE Thoroughly experienced Optometrists (or the exam ination and adjustments. Skilled workman t a n truct the legaea a cob c e n t r a t e d service that guarantees d'endab glasses at reaaona bl prices Complete Lfai Orlnelasj Abactor? ea Ike Premiere. SAVE YOUR EYES THOMPSON OPTICAL INSTITUTE For the Conservation and Betterment of Hutnaa Vision. I Net a kVhool) 20n-10.ll (orbed Mullrtlna;, filth ana MorrUoaj S la. Katabilshod lu. Cbaa. A. Kusco Pres. and Gen Mar. I' ,1 IHIIIJI if i 'I have no information as to that." 25 and 75 1 Packages' Everyxhor V.