TIIE SUNDAY OREGONIAX, PORTLAND, FEBRUARY 1, 1920
FCRASH OF GE11
MURTAGH'S
CONCERT ON OUR $50,000
WURLITZER ORGAN
"You Ought to Know". . .
Harold Weeks
"Ave Maria" ....... Gounod
Valse Intermezzo from
"Naila" .Delibes
"By-Lo". . ...Perkins
"Training Camp Echoes"
"Lil Liza Jane"
"K-k-k-katy"
"Oh, How I Hate to Get
Up in the Morning"
"There's a Long, Long
Trail"
. "Rose of No Man's Land"
TODAY AT 12:30
IKEPREOICTEO
j, Nation's Credit Likened to
Dying Patient.
ALL
WEEK
0N GWINNER IS GLOOMY
financial Structure of All Euro
pean Countries to Collapse. As
serts Noted Financier. "
(Copyright by th Xw Tork World. Pub
lished by Arrango tfient.j
I' LONDON. Jan. 31. (Special Cable.)
' In a dispatch to the Daily News
from Berlin J. C. Segrue writes
.The catastrophic collapse of Ger-
'man exchange surprises bankers,
f vaguely alarms the general public and
produces much talk here of possible
I national bankruptcy. To discover
what the banking world thinks of
ithe question. I called this afternoon
I at the Leitsche bank, where I had
J an interview with Herr von Gwinner.
.who today, as for many years past,
I I is regarded as the. Napoleon of Ger-
' man finance.
"I asked him at once whether Ger
many was going bankrupt
J ' " "There is too much confused talk
and confused thinking about this
'.question of bankruptcy, he replied. A
J , distinction must be drawn between
bankruptcy of credit and bankruptcy
l of treasury. The present condition
J; of German credit is, in effect, a con-
: dition of bankruptcy, as whereas, on
I; the other hand, tnere is no sugges
.ition of treasury or state bankruptcy.
Jj Credit Is Tattering.
"'A formal declaration of bank-
J' ruptcy would not do anyone any goo.
. and would not make the financia
position of the German treasury th
least scrap better. The whole fabri
of German credit is tottering, bu
surely no one is now so foolish
to believe that if it crashed down
other Kuropean countries are go'n
to escape. . Our crash means th
crash of France, and, in fact, of ihe
whole of Europe
"I suggested to Gwinner that per
haps he took a somewhat unneces
. sarily gloomy view of the situation
" "Not in the least.' he replied.
'Germany is simply heading towarc
economic ruin, and as nations are
economically interdependent her ruin
involves that of Kurope generally,
an little surprised that complete col
lapse of our credit has come with
such startling suddenness, but I fore
taw it and have repeatedly warned
tne entente both publicly and pri
vately during the past year. But my
warnings were always dismissed as
mere guff.'
Inability to Fay Asserted.
Answering a question bout war
Indemnity, Gwinner said:
"'Of course, we cculd never pay
and no sane British or French fin.
ancier expects us to pay, the huge
indemnities of which there is still
talk, but if you give us breathing
rpace and grant us credit to import
"raw materials and foodstuffs we
shall be able to pay a very large sum
indeed. The greatest and most tragic
aspect of the German industrial bit
uation is that the will to work on
tie part of the German working
classes is stronger today than at
v tiniA. nine thA revolution.
3. "'A meeting of banking and sov
rtiernment experts was held to day to
"It-onsider the exchange question. The
.Physicians are meeting at the bed
"side of the dying patient,' was Von
JJJOwinner's comment."
Mai
4 I
4 'BOND HOUSE OFFICIALS TAKE
5J! PART AT BANQUET
I
3!!
Fred S. Morris and John L. Ether-
Ben Selling Leading Clothier
Morrison Street at Fourth
Some Exceptional
and Suits for
$35, $40,
Overcoats
Men
$45
i
j idge Give Talks Officials
I!! Elected by Club.
I
V'
t 'When employes of Morris Brothers,
inc, and members of their families
otto the number of 150 gathered around
JJ Jt he banquet board last night at the
3l Portland hotel, each beheld a hand
Jomely lithographed document of the
3fcize, form and appearance of the
bonds that are their daily stock in
jj j trade. It was a novel menu provided
j,Jor the 27th anniversary celebration,
"(md even the designation of the food,
JJfrom soup to smokes, was in the par
tit lance of the financial trade.
Fred S. Morris, chairman of the
financial nouse m years ago. was
iiirini uin.LT i m. l. lmh uauuuri.
4m John JU. i-tncriage, president or tne
"firm, in the course of his address,
ij! produced some statistics certified by
I public accountants that astonished
-tithe boosters of the sales force. Sales
1 1 lor the month of January amounted
J'jo 6.417.000, compared with $3,185,
000 for Kie same month of 1919. $487,
"000 for the month of 1918, and $107,000
'"for the month in 1917.
Jt The feature of the afternoon, ses
JJsion was the organization of the Mor
4ri. Brothers, Inc, club, which will
Issue a house organ to be called "The
J J Jiprizzerinctum," which the first head
of the club says means "pep." The
JJ Officers elected for th" first year are:
C. A. Carret, Seattle, president; C. A.
Nelson, Salem, vice-president; J. S.
JJfihute, Portland, secretary. The
4 house organ, is to be weekly and C. H.
5J&ohnson was named editor, with M. E.
Smead. associate editor. There are
4 1 more than 100 employes of the firm,
J kill of whom participated in the ban
JJJfiuet. STACKERS WILL CONVENE
ii
American
5 it
Exceptional in Fabric
Exceptional in Style
Exceptional in Workmanship
Exceptional in Price
My Store Closes at 6 o'Clock Every Day
FIS
COMMUNIST HELD OUTGROWTH
OF LEFT-WING SOCIALISTS.
missioner Pier that one of the city's
storehouses be used. This suggestion
was not adopted when it was discov
ered that the cost of hiring guards
would exceed that of space in a
bonding house.
Publisher of Revolutionary
Charged With Urging Over
throw of Government.
Age
NEW YORK. Jan. 31. Proofl that
the communist party ie a develop
ment of left wing socialists will be
offered at - the trial of Benjamin
Gitlow, who is accused of criminal
anarchy, according to the statement
of Assistant District Attorney Rorke
in opening the government's case Fri
day. Gitlow. formerly an assembly
man from the Bronx, is charged, as
publisher of the Revolutionary Age,
organ of the communists, with print
ing a manifesto of the left wing so
cialists which, it is said, urged over
throw of the government by violence.
The present socialist party is the
right wing, according to Mr. Rorke.
It favors use of the ballot to bring
socialism about, while tne com
munists, formerly the left wing, urge
violence, he said, and oenounce tne
right wing as moderates.
Nathan Eikin, a printer, testified
tht Gitlow suDDlied the copy of the
manifesto and that 16,000 copies of
the Revolutionary .Age containing it
were published.
Eikin testified tnat ne goi a cue
for $345 from Mrs. Rose fastor
Stokes as treasurer of the lett wing.
payment for his work, But tnat u
was returnea py me on. suamcu
inefficient funds." Ultlow maae
good the amount in cash, he said.
CITY CALLS FOR BIDS
Construction of Firelipuse at
Fourth and Taylor Proposed.
Bids for the construction of a three
story fine engine house on Fourth
and Taylor streets have been adver
tised by City Purcnasingr Agent Mc
intosh. The bids are to include the
contemplated fire engine house and
also a comfort station to be located
adjacent to the station house. The
bids must be presented to the city
auditor by 10 A. M. on February 14.
The station house will be the new
home of engine and truck company
No. 1, formerly located at the station
house on Fourth and Tamhill streets.
It is expected that construction of
the new building can be completed
within four months. '
Bend Elks to Initiate.
BEND, Or.. Jan. 31. (Special.) A
special dispension of Bend lodge, No.
1371, B. P. O. E., will initiate a large
class of Crook county candidates in
Prineville on the night of February
21. A dance and dinner will be given,
following the ritualistic work.
Amos Taken in Vancouver, B. C.
VANCOUVER, B. C, Jan. 31. Ar
thur-Amos, wanted in Pendleton, Or.
to face a charge of obtaining money
under false pretenses, left, here today
for the Oregon city in custody of a
Pendleton officer.
LIQUOR WILL BE STORED
Wet Goods Confiscated in City to
Go Into Warehouse.
Ail linunr confiscated in Portland
by police officials in the future will
be placed in, bond. The city is not
lanning to engage in tne liquor Busi
ness in defiance or me iiruuiuuiuu
laws, however. All availaDie space
has been utilized for storage pur
poses at the police station and from
now on the liquor will be placed in a
bonded warehouse operated by C. O.
Pick & Co.
This decision -was reached Dy xne
itv council yesterday. iauggesiion
was mad by Mayor Baker and Com-
Institule Members to
JJ; Gather Monday in San Francisco.
i! SAN FRANCISCO. Cal., Jan. 31.
"JJ '(Special.) Meat packers from all
jj (parts of the Pacific coast and from
el many interior points will meet in con-
1 VantiAn at thA PaIaca hntAl nn AT n n H si v
3 land Tuesday of the coming week,
j' The meeting will he held under the
Jausplces of. the Institute of Meat
liiPackers, of which Thomas E. Wilson,
JJIChicago packer, is president. Some
vj'two hundred large meat packing
J 'firms. Including larger Chicago pack
w'jers, constitute membership of the ln
ji'stitute. Jj The meeting at the palace will be
.presided, over by Charles S. Hardy of
'San Diego, vice-president of the insti
jlltute, and well-known coast packer.
91' The east will be represented by del
J J Vgations from Chicago, Cleveland,
I .New Tork. Detroit. Robert Graham
titf ttitt t ttr isn iooa commission, witn
t I -, , .. t V" V.l. ...... ...Ill
;HCQIJUAIICIB lit -lew A VI rv llljv will
'-accompany the eastern group and will
'sddress-the convention on- Tuesday.
BEATS GASOLINE AT
15 CE.TS A GALLON
New Invention Makes Fords Ron 24
Miles on Gallon of Gasoline other
Cars Show Proportionate Savings.
A new carburetor which cuts down
the gasoline consumption of any mo
tor, including the Ford, and reduces
gasoline bills from one-third to one
half is the proud achievement of the
Air Friction Carburetor company, Z04
Madison street, Dayton, O. This re
markable invention not only Increases
'.re power of all motors from 30 to 50
per cent, but enables everyone to run
slow on high gear. With it you can
use the very cheapest grade of gaso
line or half gasoline and half kero
sene and still get more power and
more mileage than you now get from
the highest test gasoline. Many Ford
owners say they now get as high as
45 or 60 miles to a gallon of gasoline.
So sure are the manufacturers of the
immense saving their new carburetor
will make that they offer to send it
on 30 days' trial to every car owner.
As it can be put on or taken off in a
few minutes by anyone, all readers
who want to try it should send their
name, address and make of car to the
manufacturers at once. They also
want local agents, to whom they offer
exceptionally large profits. '.. Write
them today. Adv. .-, -
Ye Oregon Grill
Broadway at Stark Street
In the center of the city's social and business
activities.
Delightful a la Carte Service
from 11 A. M. to 1 A. M.
After-Theater Suppers
Table d'Hote Dinner $1.25
served 5:30 to 9
Sunday and Weekday
Music and dancing every weekday evening.
Sunday evening orchestral concerts.
Arthur H. Meyers, Manager
The DIAMONDS We Sell
Never Depreciate
Here is a wonderful stock of diamonds
stones bought at prices which many dealers
would be glad to pay us !
Special facilities enable us to buy dia
monds for less; in turn, they enable us to
sell you diamonds at prices unmatched else
where. . .
We carry one of the largest stocks, and
our price range, is such that every wish may
be gratified.
Ten Dollars to Twenty-five Hundred
ARONSON'S
Washington at Broadway
This Week's
LIBERTY
PROGRAM
DE LUXE
1. Liberty Educa
tional Weekly,
choice bits of
news compiled
by the manage
ment. 2. P r i s o n scene
and Duet From
"II Trovatore";
Earle Alexander,
tenor; Mrs. H. B.
Murtagh. so
prano, 3. A. Film Novelty.
4. Murtagh at the
Console in a se
lected p o p u lar
number.
5. The Liberty Re
view, odds and
ends of interest
compiled by the
management.
6. The Liberty
Presents Charles
Chaplin in "A
DAY'S PLEAS
URE. 7. The Liberty
Presents Its
Prologue to the
Picture, "RED
HOT DOLLARS,"
introducing
THE ANVIL
CHORUS," with
stage and elec
trical effects '
S. The Liberty pre
sents Charles
Ray in R E D -HOT
DOLLARS."
EIGHT
HITS
FOR
A DOUBLE
OF FUN WITH
CHA
K
IN
"RED HOT
DOLLARS
THE STORY OF A BOY'S
GRIT, A GIRL'S DEVO
TION, AND A COUPLE
OF OLD MEN WHO
LEARN THAT LOVE IS
BETTER THAN HATE.
BILL Qk-iSI A
s. wiiP
AY
AND
You AUTO
Laugh at
This
BUT .
If You A
Don't, You fll
OUGHT TO
I hi VWS FouT MtL'LttJ bGLLAK
sflw JsV m ' k3
NEXT SATURDAY
NAZIMOVA
' 1 Zm
I STAR
C Dlrrrlloa Jrnara and Voa Ilrrbrrc
L'z::: - . . WsttsMlMaMMIHHs
Big Wall Paper Sales
At Smith's
Yes, customers, not only in Portland, but all over the
state, are finding out that Smith's Wall Paper House
really does sell for LESS. That's why our business
has more than doubled in a year's time.
New Washable Papers
For the Kitchen or Bath
Dainty
Stripes and Figures
For the Bedrooms
Handsome Tapestries
For the Living Room
Plain Effects in Oat
Meal and Harmonellas
Suitable for Any Room
Beautiful Cut-Out Borders to match, yard. . . .5c, 7c, 10c
Heavy Deadening Felt for houselining, the yard ........ 7c
Good Grade Cloth Lining, a 17c value, at 14Vc
Square Deal Wall Board, square foot 5VsiC
Glidden's PAINTS, ENAMELS, VARNISHES, Etc
you have papering or painting or tinting to be done,
get our estimate on the job. We employ only first-class
union workmen and we guarantee satisfactory work.
Smith's Wall Paper House
Phone 108-110 Second Street
Marshall 454 . Portland, Oregon
n
NOW! NOW!
They're Here Now!
THE GIRLIE-GIRLIE
LAUGHABLE
MUSICAL
MILE-A-MINUTE SHOW
"THE
PARISIAN
BELLS"
-I r DANCING 1 r
J-J CHICKS A"
That Sin. Dance
and Day
Feature Picture
EARLE WILLIAMS
IN
"WHEN A MAN LOVES"
1
LmJ n , lw -
STAR
Direction Jrnsra and Voa Herbers;.
1 ' ' iiisiiiii mi