I
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.