The Sunday Oregonian. (Portland, Ore.) 1881-current, July 21, 1912, SECTION FIVE, Image 60

The Sunday Oregonian., July 21, 1912, SECTION FIVE, Page 10, Image 60

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Newspaper Page TextI 10 THE SUNDAY Oi(isuuAlA, fO Kl'LAJi 1, JTJLT 21, 1912. !E LITIGATION f. I IS GOMPRQMiSED jnorl S25.C1 30-fol P fl A Ihtn P ii NING I ear-. th In- tfci I An '. d With pre wa hist t"U -to 10.M It n 'a ov the t Prints .t figure on but- pt&Uona ttstrlets con- n the Eil far leave utter- X, Getortz & Sons Azree to S in- Tender Two-Thirds ol Their Eoor Space to The Market Company. Furniinre Firm Will Remain in Cld StafcifTill New 12-Story Bnildirig t Fifth and Alder Is Completed. 'TFhe Miration for sossesslon of the. nail OlOCK at First Feconri inH rmh 1 pstreetsj which occupied the courts "Tor Btme time past, was brou&h to a close yesteraay in a manner satisfactory to both parties. For many years these eorners have been occupied by J, . oe vurtx &,6ons, as department store, largely devoted to 'furniture, home far. nlshlners; ien's and--oromen.'s apparel. Jewelry. -'e'tC.-Thlt property was leased over, their heads hv a market comnanv and possession fletnahded notwithstand ing- a vrbal agreement with the land By. the terms, .or the. compromise the rm of I.- .Gerurta as . Sons surrender tWO-tMrdS of th nrMnt flnrtr infti the lOOxlod-foot 'carner. threo 'stories on ' Second 'and Ysrohtll streets , on the nrstday--rt-.Aug-nst .to the' Sanitary Public. Market-Company. . 'Th f urnt--tuts' house, nas .taken store room and shipping qurtr ft Second and Taylor ireeie ana TT' crr.se out tut clothlni parm-nts Und conf inethpTr furnltur ',f f""t with basement, at corner oT tJJJH Sa Xarn" ' t"e- This will ue uvupira until tne iDtn ti uctooer, when 'their new lS-story bulldln'sr at corner fifth.' and, JCIder will be comf c1-. aii me meanuuis a great CiOS g-oM. and removal salel Is In Dron-ess. Thoy, desire to remove only the books and office fixtures the goods will be sold.. Ihe low" prices they are making Insuret that..- . ' . slated confer! Sena to have tJ Rlftklne 1 ' tlniiAntll "bill is a -When . 00jOO0 I bruahtl added 12 pisr thta i' inent from I not mftr. t x advantage pi the .next aij Bourne then ment, to be J Summer. that rouui u: That Tells the We must be Content with the Old Corner, 5t)xlUU it., on hirst and Whole Story Yamhill until our iNew l2-;ttory Building at stn and Aider streets is completed. We give up two-thirds of our floor space with this compromise. To Crowd Three-Thirds Into One-Third the Soace Is the Purpose of the Great Removal Sale This Week We must give possession of the corner of Second and Yamhill, 100x100 feet of floor space, with its three stories and basement on August 1st. On that date the Sanitary Market Company will begin their alterations. In fact, on July 25th we surrender the basement and on July 27th we expect to close out entirelv the Clothing Department so we must do . 6 Days of Stupendous, Sensational S in order to make it possible to crowd the remaining stock into the space alloted us by our compromise-with the new landlords. To sell the goods we must simply forget original costs and make prices so attractive that the public, in spite of the Summer heat, will come to buy and buy largely. We know we shall do an immense business if we can only induce the people to come and see the goods see the bargains. We know we are giving values we want you to know it. elling Bargain Breaking Record in Rugs And High Grade Carpets Mitered Rugs at 75c These are of best quality Wilton, Wilton velvet and Axminster carpet borders, very neatly mitered, sewed and glue sized on the backs; about one yard square; your choice of the lot at 75 A second lot of same quality but about 114 yards in size, priced at, each, D5 Us Printed Floor Linoleum Black, Blue and White - Checks 49c Yd. Printed Linoleums, suitable for baths, toilets, kitchens, etc.; blue, black and white checks only; the regular 75c and 80c grade. All you want of t at, per yard 49(5 Lace Curtains, Pr. 79c Nottingham Lace Curtains, three yards long, 52 inches wide; ecru curtains worth regularly $1.50; will close the lot out at, the pair 79 Rug racks in the west wing must come down and go into cramped quarters on second flor of east wing of the building. We haven't room to display them all, so smash goes the price! That'll sell 'em. Just think of it! $1 s .so X455 $30.00 Axminster 9x1 2 ft. Rugs Cut to.. And these are not the cheaply woven florals, but the beautiful, firmly woven Orientals and conventional designs, so highly prized by every family in the land. These splendid $30.00 Axminsters, 9x12 feet in size, will go this week at only. . $15.50 $27.50 Velvet, 9x12 ft. Rugs Go at ... . Beautiful patterns in fine Velvet Rugs ; closely woven backs, fast colors ; Rugs that look good, wear good and are good. They are in only one size, 9x12 feet. I is hard to beat the wearing qualities of a Velvet Rug. These are the regular $27.50 quality -and you take your choice at '. $14.95 $1.40 Velvet Carpets Going at 80c Yd. Many of the fine hotels of Portland choose this carpet on account of its good wearing qualities. eW have,this grade in severaldifferenl; shades of brown, tan and green. And we are selling by, the yard at .'. 80 $1.60 Axminster Carpets, the Yard 95c Nine beautiful patterns from which to choose, and they come with and without borders, in rienta and floral patterns of most pleasing character and all in popular colors. Your choice of these $1.50 grades by" the yard at 95 Adjustable Pin Curtain Stretcher $1.85 Adjustable Pin sSstsiC u r t a i n Stretch ers; $2.75 quality for only ..$1.85 Adjustable Pin Stretchers, .the $3.50 quality, Klcion sale for Footstools $1.45 These Little Footstools are made of oak. wax and weatlrered f 1 n 1 sh, 12x12 Inch tops c o v e r ed with Spanish leather. 1 AH Special lt!J pjlnstantaneous "New Method Hot Water Coils, $16 and $18 New Method Copper Coil Instantaneous AVn tpr TTao fm nrx-1 PnAl-Dr CrrAr rvn rT while heating water; self-supporting, or can In be attached to any Xew Method Range. 1 Prices, connected $16 and $18 All-Wool Ingrain Carpets Go at 60c Yard (Half Wool, Half Cotton Carpet, 39c Yard u Go at 40c Yard 75c fiber matting, 50; 50c quality, 25. This is the j erj Flnnr RiirlanK" Hn f)r Yrrl washable Matting; is far superior to straw or Japanese Matting. . lUUf DUfldpS KlSJ CA. JUt l aTU All Couch Covers Reduced 40 Per Cent Here are two extra specials for Monday: x Tapestry Couch Covers, 214 yards long, 48 inches wide, Roman stripes; regular $1.75 values QC. are priced at Fancy all-wool Tapestry Couch Covers, two patterns, brown and green, and red; $3.00 6J1 7C values for P u First and Yamhill Second and Yamhill The "Alask V The Old Reliable 3. Refrigerator Known everywhere for the past 35 i5S j - i - tion and consumes little ice. Family 'Alaska' Will hold 35 pounds of ice and is as perfect as one cost ten times the price. Easy, terms. RAILROADS NEED ENCOURAGEMENT INSTEAD OF DIRECT OPPOSITION Eight Billion. Five Hundred Million Dollars Is Estimated Cost of Additions to Railway Equipment in the United States Within Five Years Capital Must Have Adequate Returns. WARNING was given by Howard Elliott, president of the North ern Pacific Railway. In a re cent address made at St. Paul, against the prevalent attitude towards the railroads. He urged that pcbllc opin ion be created along- the right lines. His address In full was as follows: - "What shall we have for our break fast?" This is rather a curious ques tion to ask after the bountiful din ner given by the Town Crier's Club to their many friends and admirers. But tn spite of having had a good dinner we must all confront the fact that In another 12 hours we must eat again. "What shall we have for our break fast?" seems a simple question when asked by one Individual; but when you consider that an answer must be given SfiS days for more than 90.000.000 peo pie or 32,S50,000.00.0 times a year, the question assumes more' Importance. Battles have been won because troops were well fed and have been lost be cause" they were not; and a well-organized commissary is an important and necessary part of every . great army. This great Nation of ours can not achieve all that it should unless we supply the necessary food and the facilities for preparing- It so as to an swer this simple question about break fast 32.S50.000. 000 times a year, and for the three meals a day, 100.000.000,000 times a number that cannot be meas ured by the human mind. If our people are fed well they will have greater power to use for good the wonderful resources of this coun try, and particularly of the country west and north of St. Paul, In which we are all so much Interested a veri table "Land of Fortune." So this sim ple question "What shall be have for our breakfast?" if of National im portance, and to answer it properly ' means that many complex agencies must work on & large scale and in harmony. When one bf us sits down In St. Paul to breakfast and begins with a grape fruit or a baked apple, we do not ana lyse the fact that some one In Florida. California, Washington or Oregon has. by patient care for the past 10 years, helped a tree to produce the grape fruit or apple, and that a railroad has brought the fruit thousands of miles In good condition ready for breakfast. Transportation Feature Present. After the fruit, some tea or coffee comes, and again some one in far-off Asia or South America has worked pa tiently and gathered the coffee bean and the tea leaf, and the transporta tion agency In the form of ship and railroad places It within the reach of nearly every one at & moderate price. Then one comes to the cereal wheat or barley or oats or corn grown out In some of the fertile valleys of Min nesota, North Dakota. Montana, Wash ington. Idaho, Oregon, Iowa or Ne braska and transported by railroad half way across the continent to some mill, where It is prepared and brought back again by the railroad and laid down In St. Paul for the use of our citizens. And so with the sugar perhaps brought from Cuba or Hawaii, or made from beets grown in the irrigated val leys of the Northwest; so with the bacon or 'steak, from hogs or cattle which have been hauled hundreds of miles to some great packing-house, there prepared for use and transported to market; and the same with eggs and butter, and coal, and glass, and china, and linen, and knives, and all the other things that enter into mak ing the answer of the question possi ble and apparently quite simple, if one does not consider all the steps that must be taken before the answer can be made. So If, at breakfast, we stop to, think a little we will realize that the answer to the question depends on the proper encourage ment, development and balance of the great occupations of agriculture, min ing, manufacturing and transportation, and without proper balance between these, the feeding of the people is not easy. Agricultural Movement Growing. . There Is an increasing effort on. the part of thoughtful men to encourage the Interest in agriculture and the cu mulative effect of that effort Is show ing a little result and will show more. For years there has been great encour agement given to manufacturing. At one time there was great encour agement given to transportation, but of late the tendency Is to repress it and there Is grave danger that the peo ple. In an effort to correct what they think are improprieties in finance and management, have gone too far. The railroads of the country are great "beasts- of burden" to handle the products of the farm, the factory and the mine. Like the patient ox or the strong dray horse, they cannot haul their load unless they are well nour ished. There Is a story about a shoe maker who had a horse and who con ceived the idea that if he mixed shoe pegs with oats the horse would get along all right, and be would not have to buy so many oats. So little by little he increased the proportion of shoe pegs to oats and the horse seemed to thrive. Finally he had changed the proportions of shoe pegs and oats to such an extent that the horse was eat ing practically nothing but shoe pegs and the shoemaker was very happy over his economy. Suddenly, however, the horse died! There is danger In this country that a diet of shoe pegs is be ing fed to the railroads in constantly increasing proportions and that these great "beasts of burden" will not be able to serve the country as satisfac torily as they should. So, again, while we are- eating our breakfast, we can think of some of these things and consider whether we are doing all that we can to produce, a "Home Product," consisting of good, common sense views of some of the great questions of the day. Daniel Webster, jn 1833, In a speech, said: ' . There are persona who constantly clamor. Ther complain of ' oppression, speculation and the pernicious influence of accumulated wealth. They cry out loudly against ajl ba.nks and corporations and all means by which small capitals become united in or der to produce more important and beneficial results. They carry on mad hostility against all established institutions. They would choke the fountain of industry and dry all the streams. In a country of unbounded liberty they clamor against oppression. In a country of perfect equality they would move heaven and earth against privilege and monopoly. In a country where property Is more evenly divided than anywhere else they rend the air shouting agrarian doc trines. In a country where wages of labor are high beyond parallel they would teach the laborer that he Is but an oppressed lave. Some' Preach Against Progress. We all know that since 1838 the con ditions of the poor and rich In the United States have improved in every way, and yet there are people going about the country now preaching the doctrine that things are all wrong and discouraging energetic, active men in i their efforts to make progress. The great majority of people are hon est and hlghmlnded and It sometimes seems as though we had lost our heads and were condemning everyone because there may be a very small proportion of people who are not honest and high minded. Most people are law-abiding, love their homes and believe in prop erty, but a spirit of suspicion has de veloped so that all doers are looked upon at times as wrong-doers and to too great an extent government, among some, has come to be looked upon as a guard to stand over everybody and see that he does not do some wrong. As a result the best work cannot be done by our strong and virile people; and at breakfast we might consider whether we have done our full duty when we tacitly sit by and let our statute books become deluged with laws, many of which are of doubtful wisdom. . As a result of this suspicion and ex treme lawmaking, there Is danger that the transportation Dart of our break- clusively. on the needs of the shipper with fast problem will get out of balance out Interfering with the necessary supply of k ,vu . . mtt I new money from the investors. The commission goes on further and says: A reasonable return is one which, under honest accounting and responsible manage' ment. will attract the amount of investors' money needed for the development of our railroad lacilities. If rates are going to be with the rest. When we are sick we try to get a doctor who has had ex perience; when we build a factory we try to get a builder who un derstands construction; when we lay out our garden we try to get a gardener who knows; but when we approach the large, complicated- ques tion of transportation, we throw to one side the knowledge and views of men who have made that a life study and turn to people who, while they may be sincere, have not had the experience that comes from actual work on the problem under discussion. Chamber of Commerce Report. Samuel W. Fairchild, chairman of the committee on internal trade and improvements of the New York Cham ber of Commerce, recently presented a luminous report about the railroad sit uation. He- says: It Is estimated that it will require in the next five years, to maintain railroad facili ties equal to the enormous traffic of the country, the immense sum of ZS.o00.000.0O0. gome idea of the magnitude of this sumJ may De tiaa from ine tact that it is Tight times the National debt, it is more than two and a half times the- amount of money In circulation, it is equal to all the deposits In the National and State banks, and nearly equal to tne entire money value or ail tne farm products of the country in one year. It is over three times the annual gross rev enue of the railroads, and It amounts to nearly one-half of the existing railway cap ital represented by stocks and bonds. The question of obtaining the 58,500,000.- 000 necessary to make railroad facilities equal to the expanding traffic of the country during the next five years therefore con stitutes the most Important problem now confronting business men. He then asks how It is to be obtained and calls attention to the report of the Railway Securities Commission, ap pointed by President Taft, which says: Neither the rate of return actually re ceived on the par value of American rail road bonds and stocks today, nor the se curity which can be offered for additional railroad investments In the future, will make It easy to raise the needed amount of capital. The ratio of interest and dividends to out standing bonds and stocks of American rail roads Is not quite 44 per cent In each case. The average ratio of dividends to the capital of National banks is between 10 and 11 per cent. j There is a widespread belief, based I on lmperfH:t .examination of the evidence, that the amount of capital needed for the future development of our railroad systems Is small in proportion to that which has been required In the past; that the profits on such added Investments of capital are reas onnblv well assured; and that we can there fore fix attention predominantly, if not ex- reduced whenever dividends exceed current rates of Interest, Investors will seek other fields where the hazard is less or the op DOrtunitv srreater. To quote again from the Rail way Securities Commission: The necessary development of railroad fa cilities is now endangered by the reluctance of Investors to purchase new issues of rail- roaa securities in tne amounts required. This reluctance Is likely to continue until the American public understands the esscn tial community of Interest between shipper and Investor, and the folly of attempting to protect the one by taking away the rewurds oi gooa management lrum me ointfr. Mr. Fairchild also points out: the time has arrived when there should be some support of the railroads', and it would certainly seem as though he were correct. Tn answer the simple question "What shall we have for our breakfast" on the larger scale that is necessary, requires great Instruments of trade and the following editorial from the Cedar Rapids Daily Republican of April 7, fs interesting: We are Indeed a funny people. It used to be that we were anxious to have business grow big. But nowadays we pass 10 laws to regulate business where we pass one to encourage business. All our lawmakers seem to be anxious to distinguish themselves as hamperers and crushers of business. Instead of helpers and promoters of business. They are engaged In stupendous tasks to destroy rather than construct. And the dear com mon people In whose interests these things are alleged to be done are really the suf ferers and laborers suffer most of all. It would seem that the time has come for the encouragement rather than the dis couragement of business. We want to go ahead, not to stand still. We can go ahead and we will go ahead If the politicians will let us alone for a while. This Is not from a paper in a great city but from one in a prairie state, and this editor is voicing a sentiment which has undoubtedly begun to take root in the minds of many who are en gaged in the work of preparing the Na tional breakfast. And the following extract from an editorial in the Chicago Inter Ocean, April 8, is interesting: Under the pressure of the political forces i now operating all railroads are headed for the I bankruptcy court, -mere win be a am ere nee j In the time when they arrive there, but they will arrive that is, unless the present forces cease or change. Bad, Inefficient, arrogant or corrupt management will quicken theii pace along the road. Good, efficient, con siderate and honest management will retard the rate of progress downward. But the end will be the same for all unless there la a change In the power and direction of the forces now controlling railroad destinies. - We do not say whether these forces are right or wrong. We do not here discuss the question of their injury or benefit to the general public welfare. We merely re cord their power and their direction. Iet Vm Be Thankful. So each one at breakfast can medi tate and give thanks that he lives in as fine a city as St. Paul and in as wonderful a country . as the great Northwest, and congratulate himself upon the many good "Home Products" of a material kind that are here. But each of us can aiso try to produce a "Home Product" of a high grade of cit izenship and a public opinion that will have its effect now and with increas ing force in the future to make this city, this state and the Northwest, a place where good men and good women will make their homes, and help to solve the ever present question: "What shall we have for breakfast?" along the right lines. To permit this great Northwest to develop as it should, the people of St. Paul, the capital city of Minnesota. have a great opportunity for helping to create a public opinion that will direct the forces now working for or against sensible progress In such a way that the best will be accomplished for all. This city has a wonderful location in that it is near a region which will support a constantly increasing num ber of people who live near to the soil and near to nature freeholders, who. in the long run, will save our institu tions from complications that ari.-e tn congested cities where living condi tions become harder each year. By a proper adjustment qf the great agri cultural and transportation possibili ties of this Norm western empire, we will postpone the day In this country which Oliver Goldsmith described as follows: 111 fares the land to hastening III a prey. Where wealth accumulates and men decay. Princes and lords may flourish or may fade. A breath can make them as a breath has made; But a bo!d peasantry, their country's pride. When once destroyed can never be supplied.