The Sunday Oregonian. (Portland, Ore.) 1881-current, April 12, 1908, SECTION FOUR, Image 37

The Sunday Oregonian., April 12, 1908, SECTION FOUR, Image 37

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Newspaper Page TextSECTION FOUR Pages 1 to 12 DRAMATIC and SPORTING VOL. XXVII. PORTLAND, OREGON, SUNDAY MORNING, APRIL 12, 1908. NO. 15. OPPOR T UNITY. W FOR SHREWD FURNITURE BUYERS m in tta 4 IM ti The greatest values ever known the biggest money's worth you ever saw are the prizes offered shrewd furniture buyers at our store this week. Good furniture the kind that lasts and satisfies at prices never before equaled makes THIS WEEK the week of unheard-of opportunity for all who wan.t furniture bargains. See the wonderful values we show below. They are but a glimpse of a thousand that will fill every home furnishing need and save you money. , GET OUR PRICES ON DINING-ROOM EUR NITURE BEFORE YOU BUYIT PAYS! Don't do yourself the injustice of buying without getting our prices. We offer you the advantage of better values and an assortment that is not excelled on the Coast. We mention two of the many tempting bargains you will find on our floors. FOR THIS GOLDEN OAK. DINING CHAIR Yon will find it olae- in for THIS ELEGANT plU DINING TABLE Von will. bp askoil a third more at otlior stores, ft is made of ae Icrtptl wood, golden or weathered finish. TIip six-foot size is tniirkpd flt$10.00. picture. Desipji is just like the $2.50 whore marked at f.).5p or higher. It is made of selected oak, golden finish, with boxed cane seat. The picture shows the ex act design. There are scores of dining-chair bargains in all grades and finishes. RUGS FOR THE DINING-ROOM We have a mighty interesting stock of Rugs that are particularly suited for the dining room. Prices are temptingly low. RUGS! RUGS! RUGS! EVERYBODY WANTS RUGS Brussels Rugs Eu- (PIC (( reka, 9x12 . ; PO.UU Brussels Burling- G 1 Q fH ton, 9x12 plO.UU Royal Brussels QOC flO Rugs, 9x12 . ; pO.UU Wilton Velvet COT HO Rugs, 9x12 P .WU (unranteed for 20 Years i Axminster Rugs, fln Imported, 9x12. . . .POU.,D Burmah Pro-Brus- fl1A Qfj sels, 9x12 4U.OU Extra Quality In- fl Q 7r grain, 9x12 P . D Larger and Smaller Sizes in Proportion. WE HAVE A LOT OF ODD SIZE MADE RUGS FROM REMNANTS Which you can buy at a discount of 25 per cent less than cost. Be sure and bring the size of your room if you are in search of a bargain. Ill EXTRA SPECIAL $3.50 SEE THIS ROCKER This large Arm Rocker, mahogany, finish, upholstered in beautiful two toned velours; sella regularly for $8.00; extra special $3.50 $To mail orders received on this Rocker. We make this special price to bring people to our store. , $35 RANGE FOR $29 IS LEADER RANGE All are guaranteed for 10 years. Leader Range, with high closet and duplex grate, spring-balanced oven doors. This is a heavy, sub stantial and durable range, niade of the best quality cold-rolled steel ; .adapted for coal or wood; oven thoroughly braced and bolt ed ; asbestos-lined throughout ; . nickel-trimmed ;. section plate top. Gadsbys' price $29.00 $19 PRINCESS DRESSER $11.50 I 1 Princess Dresser, with oval or shaped French bevel mirror; fin ished golden; regular $1!).0) val ues; special this week,. $11.50 We Cinarantre to Save Yoti Money on All Purchases by (living; Yon llcttcr Values Than You Urt Ulsrn here. SOLID OAK ARM ROCKER Solid Oak Arm Rocker with leath er cobbler seat ;-regular $:..r() val ues. Special this week ..$1.93 WE OWN THE BUILDING NO RENT TO PAY THAT'S WHY WE SELL FOR LESS JAPAN HIT HARD BY RECENT PANIC Tampering With Buzz-Saw of Frenzied Finance Brings Grief to Millions. NATION OF BANKRUPTS "tollapse of Great Industrial Com panies Organized on American Plan Inrlng Boom After War Exhausts the Resources. Copyright, 10S. by Prederlo J. Hnskin. TOKIO, March 29. (Special Corres pondence.) When Japan took unto itself the blessings of a western civilization, it was inevitable that the cures he In cluded. Today it Is suffering from having taken a flyer at frenzied finance. After the war with Russia, the Japanese rushed headlong Into a boom. The collnpse has come and the nation Is gapping. It mifrht have borne the burden of Its own folly without great trouble, but the sins of America are nlso visited upon Nippon. For every American girl who is pouting because that horrid "Wall street has de prived her of a new silk gown, there is a sorrowful almond-eyed maid In beauti ful Japan who mourns the loss of the six centB a day which she earned by feeding silk worms. Among the most marked effects of the recent pnnlc In the TTnited Slates was the falling off in demand for silks. Conse quently, the god own a of Yokohama con tain SOO.000,000 worth of raw silk at a time when in a normal year they would be empty. This silk is unsalable at a profit, and every time a bale changes hands now. It means a loss. The silk grower in the country did nnt foresee the financial crash; neither did his country banker. The grower needed ready money and the- banker advanced it on the se curity of the silk. Now the price has fallen and the. silk is parcncaiiy unsai able. The silkgrower cannot pay the banker. The banker must pay his de positors. From these things come bank runs, from bank runs come failures, from failures come loss of employment, and from loss of employment comes starva tion. And this in a country where 20 cents f day Is high wages for an able-bodied man! Money Jjost In Speculation. If there had been money In the country the temporary cessation of American pur chases here would nnt cause such serious embarrassment. But Japan has never bad much money, and what little It did have has gone into the great Industrial companies, organized d tiring the boom, which started a few months after the close of the war with Russia and which tumbled Into nothingness with the crash of last year. The Japanese government tried In many ways to restrain the fever for speculation, knowing that the re sources of the nation were not sufficient to sustain $500,000,000 worth of new indus tries at this time. But the advice was not heeded, and speculation stopped only when the bubble burst. Now the government seems to forget lis role of friend to commercial interests and refuses to take any steps to relieve conditions. On thei other hand, the bur dens of Its people are augmented by the levy of new taxes, although the war tax has not been lessened after three years of peace. And of this tax money collected from these poverty-stricken jteople, the government spent last year on the army and navy, $11.7IAV; and on education, $4, llfi, 470. The war with Russia brought to Japan so many hallelujahs and banzlaa from all parts of the world, that the Japanese were almost convinced that there was nothing that they could not do. It was natural that they should turn to Indus trial fields and seek to astonish the worM as they had done In war. Companies were organize to exploit the meager mineral resources of the islands: others to manu facture raw materials to be brought from China; others to take advantage of grow ing Internal business, and still others to push commerce Into foreign lands. Mil lions were subscribed, and before the ink was dry on the papers of incorporation. a dividend would be declared. This artful dodge deceived the Innocent lamb of Nippon, and he rushed to his lit tle Wall street with his savings. The price of shares soared to the sik s. Then came the world-shaking financial troubles. Copper. Japan's greatest mineral product. dropped to the bottom. Then came the silk disaster, and Japan's greatest do mestic industry was paralyzed. The bal ance of trade In lfrt had run in Japan's favor and Its people boasted that theirs was an exporting nation. Within a few months the exports dropped almost half. The Bank of Japan pays a 12 pt cent dividend, and Is considered a thor oughly sound Institution. The paj value of its shares Is 200 yen. A yen is equivalent to DO cents in American money. In a few months the market value dropped from 830 to 568 yen. The Tokto Electric Railway stock, par value 50 yen, dropped from 106 to 59, and now municipalization of the property is In sight. The Osaka Spinning Company has never missed a dividend and It pays 20 per cent annually. Its shares, par 50 yen, fell from 126 to 79, In the face of the one-fifth dividend. 1 IiOst Chinese Trade. How foolish the payment of such dividends I has been proved in the very case of this spinning company. The Japanese cotton spinning mills, of course, use foreign raw material. They have excellent mills and they have good labor at next to nothing, com pared to the cost In American cotton mil lei. At one time they had built up a good trade In China, the greatest con sumer of cotton among the nations. Rut the boom caused an effort to estab lish weaving on a larger scale In Japan and the small weavers were greatly encouraged. They bought the Japa nese yarns at fancy prices and the spinners thereupon allowed their staple business in China to go by default. Now the Kast Indian yarns have sup planted the Japanese yarns In the Chi nese market, the home market Is dead and the Japanese spinners are making yarn to store in their godowns. The dividends have exhausted the treasury and ruin Imminent. Frenzied finance hn some ' queer kinks in it in tills part of the world. The Japanese business men seem to get at things from a different angle as they look on the world from their oblique eyes. The cotton spinners had ft meet ing and discussed the los of the for eign business. Now, It baa been the 1 fashion in Japan to bolster up by a subsidy any business too weak to stand alone. Japanese hips are subsidized, some of them profitably so. These people have seized on the idea of a subsidy as a cure for every commercial ill .and the subsidized concerns are legion. So the cotton spinners decided to tax themselves for a private sub sidy In order to give a bounty on every pound o yarn ehlpped to a foreign market. This would, they said, permit them to sell below the fnarket price. Fallacy Soon Proved. But this was taking the thing too far and the scheme did not hold to gether long. One native newspaper said it wa a case of "cutting the flesh of the thigh In order to eat," and that view appealed to the spinners when they were called on to pay their share of a bounty to be given to some other spinner to reward him for cutting- down the price of their own product. The spinning mills will have to close down tf conditions are not righted at once. Silk reeling establishments are already closing, and the silk production probably, will be curtailed next year. Thus far, the vast amount of public work going on has kept the most of the people tn employment, but as the people pay the bills through taxes, this is an other case of cutting the flesh of the thigh to eat. It may help for a time, but the day of reckoning will come. Among the masses of the people the prosperity caused by the unusual dis tribution of money during the war is still manifest. This Is a point to be consid ered In reckoning Japan's fighting spirit. The nation has 1,000,000 men who would welcome a war that they might flock Into the army not because of the old samurai fighting spirit, but because as soldiers they have better clothing, better food and better pay than they could ever hope to have as workingmcn. . The Japa nese soldier fares not half so well as the American regular. The difference in the condition of the laboring classes of the two countries Is forcibly Illustrated at this point. The Japanese pray to get into the army for the good pay the re cruiting officer in the United States has to beg men to enlist. A people as poor as this cannot afford even one week of idleness. When the factories stop in the JTnlted States It causes much suffering, it is true, but when they stop in Japan the word suf fering does not go far enough it means starvation. Many tit the wisest men In Japan be lieve It was a good thing that the boom burst so soon. If it had gone on for another 12 months It would have In volved absolutely the entire capital of the country, and the wreck would have been complete. That the crash came be fore It was physically possible for some of the people to get their money up has helped the situation. As most of the capital that was Invested was borrowed abroad, the other nations are much In terested. But nevertheless, black ns Japan's financial outlook Is at this time, there is still faith. In the face of the panic and the government policy of taking over transportation properties at Its own val uation whenever it gets good and ready a Brltlfch company has put up $5,000,000 for an electric railway to be 83 miles long. The dismal failure of the first great ateel -making project In Japan has not deterred othr venturous souls and a new steel company is about to be per fected with English money actually in sight. No nation Is more interested In Ja pan's commercial prosperity than the "United States. Ours Is the largest share of Its foreign business, and the flnnnclal health of the two countries Is closely connected. Japan has shared our mone tary troubles. although Infinitely less able to bear them, and it Is certainly to be hoped that she will share our return ing prosperity. But as yet there Is little hope of a speedy recovery, and the In dustrial situation in Japan is extremely gloomy. Private finances and credit are strained. Public finances are in a tangle that Is causing a storm of protest from every part of the Kmplre, But that is another story. To feel the tragedy of the thing as a Japanese must feel it, one must Imagine hlmhelf mak ing pasteboard boxes for wages of 3 cents for a 10-hour day. Kvcn the American Imagination refuses to work for such wages. TAKE CROOK IN COSTUME DKTKCTIVKS MAKE AHRKST ON STAGE OP THKATEIl. ERADICATE YELLOW FEVER IN TROPICS Scientists Win Battle Against Scourge of Carribean Seacoasts. WORK OF UNITED STATES Parisian Audlonre Knlls to Unitize Tlmt Struggle Is Not Pnrt of the Piny, PAKIS. April 11. (Special.) -A curi ous and real is tie scene occurred re cently at the Odeon Theater during the performance of "Rumuntcho." Just be fore the pelote Basque scene in the second act, t wo police in en In pi a In clothes entered the theater and told M. Antolne, the manager, that they had come to arrest a dangerous criminal who was there at the moment. The man had been engaged as a '"super," and the detectives, standing In the wings, recogntKed him n he went on the stage from the opposite side. "We must arrest him at once," they said. "You can't stop my performance," protested M. Antolne, "and you can't go on the stage in those clothes; but, as you say there la danger of the man escaping you, I will do what I can for you if you will wait." A few minute Inter the detectives, dressed In the picturesque Ftasque cos tume, went on the stage, laid hands on their man, and. after a short struggle, handcuffed him, tied his feet together and carried him bodily off without any special excitement on the part of the audience, who Imagined that what they had seen was merely an Incident In the Play. LEADS A DOUBLE LIFE 'reni-li McrHm nt In Provinces 1 1 end of Burglar Ilniiil. PA R 13. April 11 -(Speri!.) The nolle of Bohfiin, n-nr Lille, huve arrti! r band of bm-RlarH whlrh whs organized by a man named lU-lolr who; until his arrest, was believed to be a merchant of the hlKhe.st repeetabll!ty. It is linixxt Blble. at present to nay how many bnr Klaties the band has rommitted during the last year, but the value of the goods stolen Is believed to be over tlon.000. A few days ao the pollre heard that four persons whom they suspected held meetlnKS at the house of a respeotabla tradesman In Bertry. The four were ar rested, and confessed, addfuff that the. merehant. Helolr, was the leader and or gaulzer of tha band. Dr. Osier, of Oxford, Gives Full Credit to This Government for Its ICemarkRble Victory ' In Cnbn. LONDON, April ll.-Spec-lal.V-A vol lime of evidence taken by the Royal Commission on Vivisection contains a remarkable account given to the Com missioners by Dr. Osier, regius profes sor of 'medicine at Oxford rnlvorsitv, of the methods by which medical science has progressed In Its battle against yel low fever. Dr. Osier, under examina tion by Sir William Church, observed thnt the story of yellow fever. 41lus trated. perhaps, more satisfactorily than any other the renmrkahle way In which experiments, carefully devised and car ried out. might not only Influence our knowledge of. the etiology or, a- disease, but might Influence extensively the com mercial relations of nations and save not only thousands of lives, but millions upon millions of dollars annually. Tellow fever had been the great scourge of the reglous round the Carib bean Sea. and r-ny attempts had been iniiuu io mm cm ine cause or the dis ease, but all had failed up to the year HUM), when a commission was sent to Havana by the lTn!ted States Govern ment especially to Investigate the cause of yellow fever. That commission rec ognized particularly the relations of the mosquito to the disease. The experl-. merits which they devised were carried out In a I'nlted States Army camp In Havana and they were among the most remarkable that had ever I een mnde. Work In V'evcr C'nmp. The camp was composed of a certain number of Inutilities that was to say, persons who were' no longer suscepti ble to yellow fever. In consequencrj of having had It. In this camp. Professor Osier explained, a house was con structed with two compartments, di vided from each other by a wire mosqul-to-proof screen. Into one side of the hut 15 Infected mosquitos were placed. Men were selected, partly from the Army and partly from civil lll'e, who had ex pressed find signed their willingness to submit themselves to experiments, nnd one or two of the mVdlcal men also vol unteered. Into the comrartmcnt with the 15 nmsifiiitos a non-immune went In the morning. In the afternoon and on the following morning and submitted him self to the bite. Within live days he had the disease. At the same time In the adjacent compartment, which was simply screened from these mnsqultos by a wire netting, for 21 consecutive nights two non-immunes slept. They did not get the disease. This series of experiments had already revolutionized life In those regions. ll'.vann within the next two years was cleared of yel low fever, the first time In the IMO of Its existence. Stamped Out 1n Panama. Dr. Osier added that the discovery of the malarial parasite and the dlscm2T of the relations of yellow fever with the mosquito would enable the Panama Canal to be built. Without those two Investigations the probability was that It could not he built, or. If built, would cost a tremendous sacrlllce of human life. Now there are LtURU Milt' .1 on the Isthmus at work: or course, nearly all of these are non-immune. ' There has I .. I.... II rtr 'rlfrtW fuvtT Rllll. what Is much more important, because It was not the yellow lever that Kllien the French to the same extent, there la no malaria. Dr. 'Osier declared that there win nothing else In the whole development nr t,n n.-lttuh notion that would have so much Importance as. the discovery of the mode of transmission 01 maiarui. was going to make the tropics habitable. ..it t.i i....t ...ttun (dimit throned the UII mm mm experimental method and the experi mental spirit. The experimental Inves t'gatlon Into the Interaction between the mosquito and man producing yellow f.-ver would never nave neeu uiuusm If it had not been for previous experi ments on animals. WILL VISIT COPENHAGEN i:nRlifli KlHR and Queen Plan a YuclitliiK Trip. I-ONDON. April 11. -(Special. 1 Accord- in., to nresent arrangements, the King and Queen will proceed this month la Copenhagen on board the yaeni viewria. and Albert, which vessel will afterward convey them tlirougll me nnuim 10 vmm- tlania. There Is no truth In the report that their majesties are to visit Stock holm which Is an absurd fabrication, ais foreign sovereigns could not be received as state guests at any court during a per iod of deep mourning. The King and (Jueerr are to stay at Copenhagen for three days, which will be occupier! wnu a variety of oltlclal ceremonials and court entertainments. The King has promised to Inspect the regiment of Danish Hus sars, of which he 1h honorary Colonel. During their stay the King and yueen will pay a visit to her majesty's new resi dence on the Sound, near Klampenborg, the Villa Hvldore. A newspaper announces that the King has takerr "hi rgnlf clubs to HI 11 rrllz.' ' and that he- will spend tine mornings on the links. It so happens that the King Is not a golfer. The only outdoor game played hy King Rdwnrd rs croquet, w hich he likes very much. ir TlKer-HlllliiR Record. CAI.Ct'TTA. April 11. (Special.) A record In tlger-shootlng has been estab lished by the feat of his Highness Nawah Mohamed Masrullah Khan Bahadur, heir-apparent of Ilhopul. It Is reported that he recently killed nine tigers in two days. Once In a single beat of a Jungle four tigers appeared and wee ahot dead In five minutes, and on the eeeond occa sion Ave tigers fell to His Highness' rifle in one ninlit.