The Sunday Oregonian., December 02, 1917, Section One, Page 10, Image 10

THE SUNDAY OREGOXIAy, POItTLAyP. DECEMBER 2, 1917.
ADVISERS TO HELP
OPERATE TAX LAW
ing-houses in Bastern a'nd Middle
Western cities have advocated the is
suance of paper scrip to take the place
of the copper cent in carrying on or
dinary business transactions.
The Scranton, Pa., Clearing-house de
cided to- put out scrip to be used in
local circulation instead of pennies.
Each bank will distribute it to cus
tomers, but none of it will be used
more than once. Because of the heavy
production of small coins by the mints
it is expected that after Christmas is
over cent pieces will be sufficient to
the demands of trade.
Needless Financing Barred.
Bonds and other securities' not ab
solutely essential to the conduct of
American industry, as related to the
var, will not find a warm welcome,
no matter who issues them, for . the
Government must have the right of
way for war financing. This is the
ALL ALLIED NATIONS
TO BENEFIT BY SALE
Detailed Statement of Plans
Made by. W. ,MacMaster
Includes Russia. '
r
Experts to Assist Government
in Delving Into Excess Profit
Features of Law.
Sixth at Washington '
TR Y TO GET IN
CURRENCY IS DECREASING
FUNDS -WILL BE DIVIDED
Until Wednesday Midnight
10
Pi 1
Emery Olmstead, Who Returned
Here Recently From East, Says
Pacific Coast Shipbuilders Will
Receive More Contracts.
TWne leaders In the business and
economic world have been appointed
excess profits advisers, and they are
to work with the Government to make
the operation of the war tax measure
aa smooth and easy as possible, not
only for the Government, but for those
who are to produce the revenue. The
law is intricate and the advisers will
unravel the tangles.
Just as other experts are serving
the Government without pay, the ad
visers have enlisted with the same con
ditions. Their task is not only to
delve into the excess profits features
of the tax law, but also to assist in
levying- and collecting the tax upon
Incomes. It is estimated there will be
something like 6,350,000 income tax re
turns in 1918, as against 780,000 this
year. The new tax on Incomes applies
in addition to the old one, and is cal
culated to yield approximately J890,
000,000. The excess profits yield is ex
pected to be over $1,250,000,000.
Clear Understanding Sedd.
The advisers have a room in the
Treasury and there their conferences
and hearings are held. The American
people do not have to be goaded to
comply with the new tax law, the only
essential is that they understand it
fully. This is the task of the advisers,
to iron out the difficulties in. the way
of a clear understanding and to make
it easy for all to meet the Govern
ment requirements.
Their task is, at best, a difficult one,
but confidence is felt they will sur
mount obstacles that confront them.
(Secretary McAdoo believes the appoint
ment of the advisers will go a long way
toward carrying conviction that the op
eration of the war revenue measure is
in no way bureaucratic, but that it will
be worked out in its broadest and most
constructive legal way. They will ad
Vise the individual what part he has
to play and will see that be pays only
what is expected of him.
Currency Will Decrease.
The tendency is to restrict gold to
the purposes of giving reserve strength
to the currency, and it is likely to
disappear very largely from circula
tion in this country as it has in others
that are undergoing the strain of war
financing. For some years at least it
Is the opinion that silver will be al
most the only circulating money. The
mints are working overtime to supply
the demand for coins. Silver, nickel
and copper pieces are pouring forth in
great quantities, but little, if any, gold
is forthcoming. Nor is there likely -to
be during war time.
It has been estimated that the addi
tion to the paper currency , of the bel
ligerent nations will be noteless than
115,000,000,000. The total of the re
serves in gold and silver, mostly gold,
is about $3,000,000,000. If no further
paper money shall be issued it is re
garded as certain that the world's gold
production for the next five years will
be needed for the sole purpose of re
serve. Bank Clearings -Soar.
Although - bank clearings during the
month of October were rar in advance
of any similar figures the country ever
saw, building operations during the
period show a decline, and in fact a
marked diminution. This is some
what of an anomaly, but the explana
tion of the two conflicting features of
the business situation is rather simple.
The outstanding characteristic of the
. business world in the United States
during October was a continuation of
prosperity and great expansion. War
, contracts and the tremendous output
of all industries are factors that ac
count for heavy bank clearings.
But at the same time many thousands
of mechanics have been withdrawn
from their usual work to make up the
regiments sent to war. The employ-
" ment of hosts of others to erect camps
and cantonments has served to with
draw skilled men in' droves from their
usual occupations. Then there Is a
shortage of material, due to the ex
traordinary demand from the Govern-
- ment.
Small Coins In Demand.
The scarcity of small coins is grow
ing, and the Treasury Department at
Washington is urging banks to assist
in keeping subsidiary coins in circula
tion. The scarcity of one-cent pieces
has become more and more acute since
the war tax law went into effect, in
creasing tremendously the demand for
these little change makers, and Clear-
Til 'Show You How
Corns Peel Off !"
Ever Peel a Banana Skin? That's It!
"I should worry about those corns
I Just put some 'Gets-It on." Corns
used to pester the world into, a frenzy,
enduring pain, digging, slicing toes,
tinkering with plasters and tape, trying
T.......................T
I i -v.? I
It : N4 -' tit
i
of
William MacMaater. President
the Allied Red Cross Bazaar,
Who Issues Statement Explain- '
Inn; the Purpose of the Enter
prise.
stand taken recently by the Invest
ment Bankers' Association at the Balti
more convention, and the attitude was
patriotic, inasmuch as the proposal
means a cut in the revenues of the
members of the association, whose
business has already been much re
duced by reason of the Government's
monopoly of the realm of finance.
Everything tends toward the barring
of needless financing, and the attitude
of the private bankers themselves is
such as probably to make it unneces
sary for Government action to be taken
to secure that result.
West Is Appreciated.
Pacific Power & Light Company 7
per cent stock to the amount of $100,
000 is just issued, and it is the pur
pose of the company to distribute it
widely among its customers. The stock
is cumulative, preferred, and is issued
at the par value of $100. Dividends are.
payable quarterly.
Emery -Olmstead, president of the
Northwestern National Bank, returned
from the East the past week, impressed
by the future for Pacific Coast ship
building. He said builders here have
given excellent satisfaction on con
tracts awarded them, and that this
situation is likely to result in more
contracts. On the whole, he found sen
timent at Washington most favorably
disposed toward all the patriotic en
deavors of the Pacific Northwest.
CANVASS F0 R RED CROSS
Seals Sold From Door to Door In
stead of at Stands.
VANCOUVER. Wash.. Dec. 1. (Spe
cial.) Patriotic women of the city are
making a house-to-house, office-to-office
and store-to-store canvass selling
the - Red Cross' seals to be placed on
letters during the Christmas season
this year.
It has been . customary in former
years for certain organizations and
committees to have stands at the post-
office, in the office buildings and other
prominent places to sell the seals. It
developed that after a person had made
the rounds in a day he was almost
compelled to buy half a dozen times
or run the risk of otfending some of
those who were selling the little seals.
t "Gets-It Pnfs Tour Feet in Clove
It Eidl Corns Quickly.
to fix a corn so it wouldn't hurt.
but now no one in the world
"should worry," because the moment
you put "Gets-It" on it means the
end of a corn. There is nothing in the
world like "Gets-It" nothing as sure
and certain nothing that you can
count on to take off a corn or callus
every time, and without danger. The
corn never grew that "Gets-It" will
not get. It never irritates the flesh.
never makes your toe sore. Just two
drops of Gets-It and presto! the corn
pain vanishes. Shortly you can peel
the corn right off with your finger
and there you are corn-free and hap
py with the toe as smooth and corn
free as your palm. Never happened be
fore, did it? Guess not.
Get a bottle of "Gets-It" today from
any drug store, you need pay no more
than 25c, or sent on receipt of price by
E. Lawrence & Co., Chicago, 111.
Sold in Portland and recommended as
the world's best corn remedy by The
Owl Drue Co. Adv.
FORMER OREGON MAN DEAD
Henry C. Ward Crossed Plains With
His Parents In 1852.
CENTRALIA, Wash., Dec. 1. (Spe
cial.) Henry C. Ward an aged resi
dent of Centralia, died Wednesday aft
ernoon. His widow and seven children
survive. The children are Charles, Sid
ney, Joseph and Walter Ward, of Cen
tralia; Mrs. J. M. Rector, of Spokane;
William Ward, of Chicago, and Henry
Ward, of Stockton, CaL
Mr. Ward was born in Illinois in. 1840
and crossed thep lains with his par
ents when 12 years of age, locating on
Puget Sound. ' In 1861 he went to East
ern Oregon, where in 1864 he was mar
ried to Miss Catherine Creighbaum.
The family moved to Centralia in 1885.
CAPTAIN'RASE VISITS. HOME
Former Forestry Employe Expects
Camp Lewis Assignment.
Captain F. W. Rase, who was con
nected with the District United States
Forestry Office in Portland prior to the
opening of the first officers' training
camp at the Presidio, has arrived from
San Francisco for a brief visit with his
family. Mr. Rase saw service in the
Philippines, and at the conclusion of
the first training camp grind was com
missioned a Captain. He anticipates
that he will now be assigned to duty
at Caxip Lewis.
During the period of the second
training eamp Captain Rase served as
an instructor.
AUTO COMPANY FORMED
Western Motor Car Co. Incorporates;
to Seal in Motor Cars.
ASTORIA. Or., Dec 1. (Special.)
Articlesc of incorporation of the West
ern Motor Car Company have been filed
In the County Clerk's office here.
The incorporators are S. W. Lovell,
Norris Staples and S. S. Covey. The
capital stock is $25,000. divided into 250
shares of $100 each, and the company is
to deal in motor cars.
Each Country to Get Share Taken In
by Its Own Booth and General
Fund Will Be Distributed
. Among AH.
Everyone knows that an allied Red
Cross bazaar is to be held and that
it will assemble in multi-colored pro
fusion of music, dances, strange
craftsmanship and varied flags at the
Auditorium on four days of this week,
from Wednesday to Saturday.
And it is known, in a general way.
that the proceeds of the bazaar are to
be devoted to Red Cross work. Yet
the number of nationalities involved
and the scope of the big venture make
it proper that some statement should
be furnished concerning the disposi
tion of the fund to be realized.
Alms Are Explained.
In recognition of this William Mac
Master, president of the allied Red
Cross bazaar, has issued a comprehen
sive statement of its purpose, as fol
lows: "So that the public may be posted
as to the disposition of the money
reased through the allied Red Cross
bazaar, I now wish to say, on behalf
of the executive committee, that these
funds shall be sent by it to the head
quarters of the Red Cross organiza
tions of the following allied coun
tries: -France, Belgium, Italy, Rou
manla, Serbia. Russia and Great Brit
ain, to be used by the said organiza
tions for the general purposes of their
work, the character of which is so
well understood.
"It has been thought advisable, also,
to contribute to the relief of the
Armenians, who have suffered so much.
and the proceeds of the Armenian
booth, together with such further sum
as the executive committee may add
thereto, will be devoted to this purpose.
The various sections of the bazaar.
representing the nations above named,
are to be credited w'th all of their
net takings for the use of the Red
Cross of each nation so represented.
The general fund will be divided
among the above-named nations and
the Armenians, according to the judg
ment of the executive committee, in ac
cordance with the authority vested in
it by the general committee of the
bazaar. '
General Fund Proposed.
"This general fund will consist of
the admission fees and the receipts
from the following sections and booths:
Japanese, Chinese, international, colo
nial, arts and crafts, dance, tea garden,
Raemaker cartoons. Honor Guard Girls,
dolls, flowers, and from the scientific
and industrial departments of the pub
lice schools.
The Portland war relief, which par
ticipates in the bazaar, in considera
tion of the fact that all of Its output
of bandages, etc., is distributed gen
erally to the Red Cross or wnicnever
of the allied nations is most in need
thereof, is to receive all the takings
of ita booth for the support of its
work. Should any chanre take place
in th- attitude of Russia toward tne
allied nations, the question of contri
bution to' the Russian Red Cross will.
of course, be reconsidered.
"WILLIAM BaCMABItB.
Charlie Chaplin to Assist.
Who do you think Is the latest to
offer his help to the Allied Red Cross
Bazaar?
None other than the affable Charlie
Chaplin, known the wide world over
wherever the celluloid film flickers his
comedy antics upon the screen.
This welcome news came to Port
land yesterday, when a letter was re
ceived from the film celebrity in an
swer to an appeal from William Mac
Master, president of the bazaar, asking
him to do something for the cause. Mr.
Chaplin sent along autographed photos
that will be sold.
"I am honored indeed to think that
I may be of some assistance in carry
ing on the worthy cause you represent,"
said Mr. Chaplin in his letter. "Al
though it is impossible for me to be
with you in person. I shall be in spirit
and my prayers are for your success."
The letter, too, with the genuine
Chaplin signature, will be sold and the
price it brings will go into the Red
Cross funds.
WAR ESSAY JUDGES NAMED
Multnomah Connty Theses to Be
Picked lor State Competition.
During the present week the ecores
of essays presented by schools of Mult
nomah County in the state-wide con
test, in which students have written
their best thoughts on "What We Can
Do to Help Win the War," will bo
passed upon by corps of Judges just
named. The winning essays in each
of three age classes will be entered in
the state competition with those from
other counties, and. should any one of
them prove the best in the larger con
test, the writer will be awarded a Shet
land pony as a prize.
H. II. Herd man, chairman of the
Multnomah County committee, having
the matter in charge, has selected these
persons to act as judges in the re
spective divisions: High school stu
dents, 15 or over, Mrs. Mabel Holmes
Parsons, C. C. Chapman, H. E. Thomas;
students 11 to 14, inclusive. Mrs. R. W.
Wilbur. T. T. Geer, A. P. McKlnlay;
students 10 or under. Miss Jessie Mil
lard. Rev. W. G. Eliot. Jr., Marshall N.
Dana.
The time at which the respective
committees will assemble to select the
winning essays has not been set.
Gny Shelton, of Centralia, Dies.
CENTRALIA. Wash., Dec. 1. (Spe
cial.) Guy Shelton, a former resident
of this city and son of Mrs. Angie
Shelton, of Yakima, the first white girl
born in Southwest Washington, died at
Orange, -Tex-, according to word re
ceived here yesterday. Mr. Shelton
was born in Centralia on July 24, 1878.
He is survived by his wife and three
daughters. A brother, Dave iihelton,
lives in Chehalis.
The countries at war with the Teu
ten allies contain 75 per cent of. the
world a population.
CENTRALIA BOY IN FRANCE
Dale Hubbard Stationed Near Camp
' of Canadian Foresters.
CEafTRALTA, Wash.. Dec. 1. (Spe
cial.) Mrs. R. P. Hubbard of this city,
is in receipt of letters from her son,
Dale Hubbard, member of the 10th En
gineers, Forest, now "somewhere in
France." The regiment was on the
water 20 days en route to France.
The regiment is now in permanent
camp near the Canadian foresters, who
gave the Americans use of thier recrea
tion grounds until the latter had their
camp completed. In one of his letters
young Hubbard said the Americans will
soon be participating in the fighting.
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l-'HER BUSTED DEBUT"
KEYSTONE
SOME BUST!
that the auxiliary will net about $375.
This will be turned over to the Port
lands chapter, to be credited to supplies
furnished, the local auxiliary.
$2000 In Jewelry Stolen.
ASTORIA, Or., Dee. 1. (Special.)
Astoria had a burglary at an early
hour this morning. when thieves
smashed a front window in Shaner
Bros.' store on Commercial street
and stole approximately $2000 worth
of jewels-
Read The Oregontan classified ada.
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! ICE SKATING II
This most healthful and pleasant of sports is now
available at
America's Finest
Rink
Price, 40 cents, includes war tax Skates for rent, 15 cents
One-half price for children Saturday afternoon One-half
price for ladies Monday evening.
Rainier Women Give Dance.
RAINIER. Or., Dec. 1. (Special.)
One of the largest dances held in Rain
ier was given by the Red. Cross So
ciety Thanksgiving night. A chicken
dinner was served by the ladies at mid
night. Chairman T. E. Hutlios reported
Instructors by Appointment.
Main 7090.
21ST AND MARSHALL STS.
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At the Poultry Sliow
THE AUDITORIUM.
"BUCKEYE" INCUBATORS
and the famous
STANDARD
COLONY BROODER STOVES
(Made by the "Buckeye" Inc. Co.)
SEE THEM IN OPERATION
Our Poultry Supply Calalogruo
and the Buckeye Booklets on
request.
EVERY NECESSITY FOR THE PROFITABLE PRODUCTION OF
POULTRY
ran m ?!i tr in s it! x n; m a a a s m -. t r 'i: : r. r: "i
South-
east
Comer
Front and
Yamhill
Streets.
Telephone
Main
4040
A 1251
51
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