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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
rnE MORXIXG OREGONTAX, TUCK SD AT, API?rL 27, 1922
Signers of Versailles Pact to
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
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
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
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
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-
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.
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
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
The British prime minister solemn
ly urged the press to InstiLl patience.
good will and fellowship through-out
"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
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.
Black & White
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
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
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
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
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
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
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
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
Nor Is it much use for these coun
J. F. N. Colburn, Director
6 to 8 and 9:30 to 11:30
1. "Drifting," fox trot
.....Randall and McClelland
2. "Blossom Time." waltzes..
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.
6. "Liebesfrend .... F. Kreisler
7. "Mon Homme" T. Tvaln
8. "From the Canebrake"
388 WASHINGTON STREET
WOOD FUEL IS
Costs Less Than
S. & H. Green
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
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
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
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,
passed, will mean to the America
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
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.
The testimony was Introduced at the
trial of the state's emit for accounting
against Conley before Judge A. J.
Evidence to Be Presented.
CHICAGO, April 26. Representa
tives of the national Industrial traf
fic league and the national industrial
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
GRAND 0 RAPIOS. MICHIGAN
From $2.50 Mf&
Ml . Leakable
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
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
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
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
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
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.
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
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
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-
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
Stonecutters 1.02 Vi
Stoneplanemen ... .82 Vi
Must Be Union Men
Plenty of work for good
Write or Apply
Empire Construction Co.
218 North Clark St.
Plumbers 1.02 Vi
Slate and Tile
Tar and Gravel
Roofers 92 '2
Only experienced mechanics
wanted. Apply by letter.
Empire Construction Co.
218 N. Clark SU Chicago. Ill
A rr Better.
THE SIGN OF
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
glasses at reaaona bl prices
Complete Lfai Orlnelasj
Abactor? ea Ike Premiere.
SAVE YOUR EYES
For the Conservation and
Betterment of Hutnaa
I Net a kVhool)
20n-10.ll (orbed Mullrtlna;,
filth ana MorrUoaj S la.
Cbaa. A. Kusco
Pres. and Gen Mar.
I' ,1 IHIIIJI
'I have no information as to that."
25 and 75 1 Packages' Everyxhor V.