Morning Oregonian. (Portland, Or.) 1861-1937, May 03, 1922, Page 3, Image 3

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    T1TE MORNING ORFGONIAlV, WEDNESDAY, MAY 3, 1922
Decisive Policy in Regard to
Europe Held Vital.
PRESIDENT CAN DICTATE
Knlcs of Reconstruction Could Be
Iaid Down as Secretary Hughes
Did at Arms Parley.
BY MARK SULLIVAN.
Copyright by the New York Kveninar Post.
Inc. Published bv Arrangement.)
WASHINGTON. D. C, May 2. (Spe
cial.) The desirability, indeed the in
vltableness of the Harding adminis
tration taking: some affirmative step
regarding; Europe of the sort Indi
cated by recent public actions, can
be illustrated by the analogy to re
cent events here in the United States
"When the situation was at its lowest
ebb, and every indication pointed
toward a serious crash. The prices
of farm goods were lower than at any
time for 30 years, and there were
stagnation and discontent of an
acutely alarming kind.
If this condition had been left
Alone, and if the normal phenomena
ure to arise from such a condition
had been permitted to take their
course, certain things would have fol
lowed as surely as May follows April.
Calamity Xarrovrly Averted.
Great numbers of farm mortgages
would have been foreclosed and many
farmers would have passed through
bankruptcy. Banks to a number that
might well have run into thousands
would have closed, to the immediate
distress not only to borrowers but of
depositors and stockholders. The
resulting calamity to business men.
to the railroads, to labor and to every
variety of business would have been
such that it would be difficult to
overstate it.
But the condition was not permitted
to reach the stage of calamity. Able
men within the government laid hands
upon it. Prompt and energetic action
was taken. Money was made avail
able by congress, and an agency of
the treasury, in the shape of the war
finance corporation, was directed to
make use of the money.
Financial Stress Alleviated.
In the communities most actutely
affected loans were made with stern
safeguards for security and contin
gent on the raising of more money by
the local bankers, and others and on
other stern conditions laid down by
the federal government. As a result
this dangerous condition was allevi
ated. It may require some imagina
tion to realize the contrast between
what is and what -would have been,
but the farmers and bankers and the
communities that were involved re
alize It well.
Now, xhe present condition of Eu
rope presents a complete analogy.
That condition is not only responsible
for much that is wrong In America,
and the world, but contains the men
ace of worse things yet
European Crisis More Complex.
The case is more complex than
American agricultural depression of
a year ago. Nevertheless it is merely
a problem and it does not defy solu
tion. The ability and the resources
which enabled the government to
work a cure in America also can
work a cure of the larger problem.
The Harding administration, espe
cially the treasury department, con
tains an extraordinary amount of
business talent. What it does not
already have it can command. Amer
ica can save Europe ai.d the world
from chaos.
The fact that America is the richest
and most powerful of the nations
rives America both the duty and the
capacity to act. America is in a posi
tion to dictate whatever this country
deems to be necessary on the part of
others. What America names as the
price of help will be agreed to. The
call to America is clear.
Arbitrary Action Warranted.
We can ignore this call and let things
ffo on to something worse, or we can
rope and ourselves, we can lay down
As concrete a programme of definite
actions required as Mr. Hughes laid
flown about naval armament. In the
aame words that Secretary Hughes
used, we can say to ourselves that
"America proposes" to do such and
such: and of the other nations we
can say, "America proposes" that each
nation take the steps we deem neces
sary about currency, about external
debts, about armies, and about all the
other elements of the problem.
Such procedure might seem arbi
trary in tone; but so was the con
crete method adopted by Mr. Hughes
about naval armament. Any arbi-
EXTRA-ORDINARY
CA ND Y
SPECIAL
29c
per pound
CREAM
PINOCHE
It is the best you ever
tasted. You will say so.
A marvelous combination of
the best quality butter, cream,
sugar, corn syrup and nuts
skillfully blended into a lus
cious confection. It is not the
ordinary variety. We make it,
and it is made to satisfy the
most discriminatinc and par
ticular buyers of sweets. It is
different. Try it and be con
vinced. ON BALE Now
Only three thousand pound of
It Till be old. Regular prire
SO cent a tar pound. special
price -:j treats.
SWETLAND'S
Candy 01 better quality.
269-271 Morrison Street
trariness in the method is justified by
the beneficence of the result
As to most of the steps that the
administration may be disposed to
:. - k .- cthotit Rnrnnp Tr-i!iri pn t Har
j ding will be handicapped by the fact
that there is an element In the senate
whose slogan is "stay out of Europe."
Direct Representation' Blocked.
This element succeeded in putting
Into one of the acts passed some time
ago a provision to the effect that no
official American representative can
be put on the reparations commis
sion, or any other commission arising
out of the Paris treaties, except with
the consent of the senate.
Because of this It will be necessary
to act largely through such unoffi
cial agencies as the recent appoint
ment of J. P- Morgan and the head
of one of the reserve banks to the
reparations commission. In matters
involving money, any action by Amer
ica will have to be achieved through
private bankers acting in understand
ing with the government.
THOTZKY FLIES RED FLAG
WAR MINISTER ASKS TROOPS
TO BE PREPARED.
SENATE IS TO TIE
STO
Finance Committee Agrees
on Details of Bill.
100.000 Soldiers Respond to Mil
itant Harangue Against Terms
Demanded by Allies.
MOSCOW. May 2. (By the Associ
ated Press.) Leon Trotzky, the so-
viel war minister, addressing the Mos
cow garrison at the May day review
in Red Square, at which the red oath
was taken by all the ooidiers, declared
that the allies at Genoa desired con
ditions to which Russia would never
yield; therefore, he asked the troops
to be prepared.
"We offered to disarm," he said,
"but the alljes did not want that. We
offered to bargain; we offered to pay
tho pre-war debts, but they agreed
that they would recognize us if we
abolished soviet Russia and restored
capitalism. We answered no, and will
always answer no."
Ona hundred thousand troops
marchec xn review, followed by hun
dreds of thousands of workmen and
workwomen. The oath taken by the
soldiers pledged tnem to defend soviet
Russia with their full strength to the
death.
HOUSE PLAN FOLLOWED
ROAD TO CLOSE MAY 5
Paving to Begin Between Lia Center
and 'Woodland.
VANCOUVER, Wa3h.. May 2. espe
cial.) The Pacific highway will be
closed from La Center to Woodland
May 5 so that paving work may begin,
according to an order issued by the
state highway department here. The
work is to be completed within four
months. The contract for paving the
six-mile stretch between the two
towns Is held by the United Contract
ing company and will cost slightly
more than $200,000. Traffic will be
detoured by way of the Pekin ferry.
When the work is complete the
Pacific highway will be paved
throughout Clarke county. A tourist
may then go from Portland to Kalama
without once leaving the pavement.
About 15 miles of state and county
roads are to be paved in Clarke county
this summer.
Fir knots for furnace and fireplace.
Edlefsen's, Broadway 70 Adv.
Orphenm matinee today. 1 5-25-30-Ad.
Bank and Government Loans in
Lieu of Cash Accepted; Pres
ident's Views Wanted.
WASHINGTON'. X. C. May 2. The
soldiers' bonus problem is to be put
up to the president again. This was
decided today at a meeting of the
senate finance committee republicans,
who agreed tentatively upon details
of a new measure embodying substan
tially the house bill plan of bank
and government loans on adjusted
service certificates in lieu of the
original cash bonus proposal.
Senators said they desired to get
the president's views on the newest
bonus proposal, explaining that it
would be a waste of time to go ahead
with a measure which the president
might disapprove.
Full details of the new measure
were withheld, but as outlined it
would contemplate no taxes and aside
from adjusted service certificates, it
would provide for vocational training,
farm and home aid, and cash pay
ments to veterans whose adjusted
service pay would not exceed $50.
The so-called reclamation section of
the house bill has been eliminated.
President Harding will be urged
to approve the measure in this form,
and will be told that it will impose
no heavy burdens on the treasury
during the next three years, whiie
the present public debt refunding
operations are in progress.
It is the present thought of pro
ponents that the ultimate necessary
financing can be done by use of the
foreign debt, though there is a pos
sibility that the treasury may have
to issue some certificates of indebted
ness to cover costs in the first year
or two, unless funds from the foreign
debt become available meantime.
Estimates given to the majority
today by Joseph S. McCoy, the gov
ernment actuary, placed the ultimate
cost of the new bonus plan at ap
proximately $4,000,000,000, with the
first-year cost $77,000,000, the sec
ond year $92,000,000 and the third
year $73,000,000 and the lourth year
$376,000,000. The large sum neces
sary in 1926 is explained by reason
of the fact that the government would
make loans on the certificates in that
year up to 80 per cent of the amount
of the adjusted service credit, plus
interest at per cent.
During the first three years banks
would be authorized to lend to vet
erans holding certificates one-half of
the sum of the adjusted service credit
that vessel. The Huron should be
now also at Ching-Wan-Tao, but no
report of her arrival had reached the
navy department today.
Besides these two ships. Admiral
Strauss has under his command the
cruiser New Orleans, now at Vladi
vostok, 18 destroyers in Philippine
waters and six or eight gunboats on
patrol duty In Chinese rivers, as well
as a number of gunboats and river
craft in the Philippines, not suit
able for use in China. It is estimated
that from the three larger ships and
including two additional companies
of marines taken on board the Huron,
Admiral Strauss could in an emer
gency send 500 or 600 men to Pekin
to supplement the marine guard of
375 men regularly maintained there.
The bluejacket forces on the ships
could only be reduced for a brief
emergency, however, it was said, as
the vessels would be unable to oper
ate or put to sea or be of service in
transporting additional men, should
crews be reduced materially to form
landing parties.
DEAD AND INJURED LEFT
(Continued From F.rat Page.)
Wan-Tao, and the report from Pekin
of the arrival of more than 100
additional men for the legation guard
undoubtedly, it was said, referred to
marines and bluejackets sent from
Trustworthy
Pianos Most families buy but one piano in a lifetime.
Therefore care as to quality should be the very
first consideration. Safety never lies in the
cheapest merchandise. One unwritten law of
our House is
Pianos of the poorer quality those made to
sell at the lowest possible figure shall never
be shown on our floors. We cannot sacrifice
quality to quantity business.
THE CABLE
Small Grand
Every good quality obtainable in Small Grand
Pianos abounds in this daintily designed Cable
product. Beauty of tone is noteworthy to a de
gree that surprises and gratifies the critical
It is truly a musician's piano, and yet most
modestly priced.
Send for Catalogues
Name
Address.
148 Fifth St., Near Morrison
Other Stores: San Francisco, Oakland, Sacramento, San
Jose, Fresno, Los Angeles and San Diego.
CAXTOX PREPARES TO JOIX
Alliance With General Chang Tso
Ijin Is Reported by Eugene Chen.
SHANGHAI, May 2. (By the Asso
ciated Press.) Eugene Chen, secre
tary of Sun Yat Sen, president of the
southern or Canton government, an
nounces that Canton is allied with
General Chang Tso Lin and is ac
tively preparing to send forces north
ward to engage in the battle. They
will proceed either through Hankow
or Nanking, depending on the out
come of the present conflict. He de
clares that Canton will be the deter
mining factor in the war between
Chang Tso Lin and Wu Pei Fu and
will strike at the psychological mo
ment. He asserts that the support
of the government has been thrown
to Chang Tso Lin because that gen
eral has accepted the conditions for
the reunion of China laid down by
Sun Yat Sen.
Chen says that official dispatches
confirm the previously reported seiz
ure of war craft in the south and
asserts that if northern naval units
favoring Wu Pel Fu move against
Chang Tso Lin the captured vessels
wfJi be dispatched to checkmate
them.
Chinese agencies report that Ad
miral Tu Shih Kwei, commander of
the northern division of the navy,
has notified the Nanking consular
body of his intention to employ gun
boats to destroy the coastal section
of the Peking-Mukden railway near
Chin Wang Tao, cutting the com
munications and line of retreat of the
Fengtien army. Admiral Tu says he
can blow up the line in three days
and has notified the consuls to warn
their nationals, otherwise he will not
be responsible.
College Annual Nearly Ready.
OREGON AGRICULTURAL COL
LEGE. Corvallis. May 2. (Special.)
The 1923 Beaver annual is printed and
folded, and the cover is being put on.
The seven tons of books will be dis
tributed on the campus Thursday.
May 11, just preceding Junior week
end. This is two weeks earlier than
the Beaver has ever been out before.
Orpheum matinee today. 1 .".-25-50-Ad.
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'Of'
RESTAURANT j
and Coffee Shop j
Corner Broadway and Stark
(Imperial Hotel Building)
Combination
Breakfasts
No. 1 20c
Choice of any Cereal with
Cream
and Coffee
No. 2 20c
Baked Apple and Cream
Coffee
No. 3 20c
Coffee Cake and
Coffee
No. 4 25c
Hot Cakes and Maple Syrup
and Coffee
No. 5 35c
Two Eggs, Boiled or Fried
Roll or Toast
Butter and Coffee
No. 6 40c
Hot Cakes Stripped with
Ham or Bacon
Coffee
No. 7 45c
Two Eggs, Boiled or Fried
Hot Cakes and Coffee
No. 8 50c
Choice Fruit or Cereal and
Cream
Two Eggs, Any Style
Roll or Toast Coffee
No. 9 55c
Wheat Cakes and Home-
Made Sausages
Roll or Toast and Butter
Coffee
No. 10 55c
Ham or Bacon and Eggs
Roll or Toast and Butter
Coffee
No. 11 60c
Boiled, Fried or Scrambled
Eggs and Home-Made
Sausage
Rolls or Toast and Butter
Coffee
No. 12 70c
Ham or Bacon and
Eggs
Hot Cakes Coffee
Try
our
tempting:
I and very
appetizing
breakfasts
You will
I like them
Pictorial Review
Patterns and
McCall Printed
Patterns for
June Are Now
Here and on Sale
cLipmanWolic & Co.
cJ Merchandise of of Merit Only
Fur Storage Vaults
at Lipman,
Wolfe's to Protect
Your Furs From
Moths, Fire, Bur
glars 3d Floor.
i i i v its 8try
The Million Dollar Drive at Top Speed
and Tremendous New Features Prepared for Today
Actual Reproductions
1 200 Pairs of the More Elegant
Glove Silk Hose $2.65 a Pair
the Price But Slightly Above the Regular Wholesale Cost
So wonderfully specially priced just because this is Anniversary time, and the manufacturers of
these hose have granted us a price concession that can be considered an Anniversary gift.
Every pair from one of America's finest lines of glove silk hosiery full-fashioned glove silk
hose, and in the richest patterns and colors that Fashion indorses. Were we to mention the name
of these hose the name alone would make this selling sensational. The manufacturers exacted a
promise that the name would not be advertised, but women will know.
Every Pair Perfect and Every Pair Vastly Below Regular Price
Plain Glove Silk Hose Dropstitch Glove Silk Hose
Net Glove Silk Hose Glove Silk Lace Hose With Stripes
Pearl Gray Polo Tan Nude Shade White Gold Black
Also many hose in the novelty two-toned effects, especially such combinations as blue-and-brown
and black-and-navy blue. The lace hose are in black only.
Hosiery Section On the First Floor Lipman, Wolfe A Co.
The Picture "Wa-Ne-Ka" in Special Offer
Anniversary specials are
these hand-colored photo
graphs b e a u t i f u 1 photo
graphs as sketched; and all
hand-colored in oil the col
ors very beautifully blended.
10x26 inch size $10
Actual reproduction.
11x30 inch size $15 13x36 inch size $20
17x48 inch size priced $30
Picture Galleries Seventh Floor Lipman, Wolfe & Co.
"Wa-Ne-Ka"-"The
Halo of the Evening Sun"
hand-colored photographs in
handsome rosewood frames
to blend with the picture at
prices the pictures ordinarily
would sell for unframed.
15x40 inch size $25
Nemo Week May 1 st to May 6th Lipman, Wolfe's
Featuring Especially the Nemo Self-Reducing
Corset No. 444 in Sizes 24 to 36 and
Priced $4--On the 4th Floor.
o
OX
Flu Causes
Stomach Disease
Health four weeks away
The after effects of
flu often show in
chronic diseases of
the stomach and
intestinal tract.
There are few
means of prompt
recovery, but our
Milk Diet method,
combined with os
t e o p a t hie treat
ment, may be de
depended upon for
quick and lasting
results.
The Moore Sanitarium
828 Hawthorne at 27th
j OREGON HUMANE SOCIETY
j Investigates all cases of alleged
I cruelty to animals. Ofrices, room 150
! courthouse. Phone Main 378 from
S A. M to 5 P. M.
! The society has full chary of the
) city pound at its home. 535 Columbia
i boulevard. Phone any time. Wood-
lawn 764. Does for sale. Horse am
culance for sick or disabled horses.
Small animals painlessly electrocuted
where necessary and stray animals
cared for. Ail dead animals, cows.
Lorses. etc. picked up.
"A victim of indigestion
for 5 long years"
SHE had been treated by the best phy
sicians in the city, yet for 5 long years
she suffered from indigestion. The stomach
and intestinal disturbance was very painful.
Then she tried eating Fleisch marm 's Yeast.
After 3 weeks she began to gam. When she
started eating the yeast she was decidedly un
derweight. Now her weight is back to nor
mal. Her skm is clear and has the glow of
hearth, and best of all her intestinal paina
have left.
Fletschmann's Yeast Is a fresh food rich in
life-giving vitamin. It has a remarkable effect
on the whole digestive system, increasing
appetite and improving digestion. By eating
Fleischmann's Yeast daily you get more nour
ishment from the other foods you eat.
Two to three cakes of Fleiachmann's Yeast
fresh every day before or between meals will
keep your digestion in good shape. Place a
standing order with your grocer. He wiC de
liver Fleischmann's Yeast fresh daily.
Bat Fleiachmaxtn 3 Yeast plain,
spread on bread or crackers or
dissolved in milk, water or fruit
jaioea
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