The Sunday Oregonian. (Portland, Ore.) 1881-current, December 05, 1920, Section One, Image 4

The Sunday Oregonian., December 05, 1920, Section One, Page 4, Image 4

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Newspaper Page Text5 4 THE SUNDAY OREGOXIAX, PORTLAND, DECE3IBEK 5, 1920 T . 1 1 .'i t . - i -I --. i CAPPER S S GRAIN GAMBLING MUST GO Bill to End "Future" Trading Made' Public. MEASURE SWEEPING ONE Enactment "Will Eliminate Wheal Pit and Manipulation of Mar ket, Senator Declares. WASHINGTON. Dec 4. Senator Capper of Kansas today made pub lic his proposed bill to stop gambling In foodstuffs and cotton. A tax of 10 per cent, designed to be prohibitive on "future" trading in grain and cotton, except by actual owners or a limited class of traders under federal license, is the basic feature of the- Capper bill, which is to be introduced in the senate next week by the author and in the house of representatives by Representative Tincher, republican, of Kansaj. The JO per cent would apply to options and the measure would affect grain products as well as raw grain. "The bill will stop gambling in wheat, corn, cotton and other farm products," said Senator Capper. "It will eliminate the wheat pit and the blackboard. It will put out of busi ness the thousands of wire-houses and kucket shops by making it impossible for gamblers and speculators to deal cn boards of trade. The bill undertakes to preserve the (legitimate 'hedge' but cuts out all gambling and manipulations." Legitimate Trade Free. ' Farmers, dealers and manufacturers 'buying or selling grain or cotton for actual delivery would not be restricted ty the proposed law, Senator Capper eaid. Penalties of BO per cent of the pro posed federal tax, a fine of $10,000 and one year's imprisonment for vio lation of the bill's provisions are in corporated In the Capper bill. Sellers of grain, grain products and cotton who at the time of sale would fee owners of the "actual physical property" and traders regularly en gaged in growing, dealing in or man ufacturing and registered with the internal revenue bureau, would be ex empt from the 10 per cent tax. Such traders, however, would be limited in tbeir dealings to three times their . svctual transactions during the pre ceding year and would be required to report all dealings to the internal revenue bureau. In a statement outlining his bill Senator Capper declared that only 'Kabout 1 per cent of "future" trading in frrain and cotton was bona fide. Mil lions of dollars were lost by farmers aa well as speculators in the recent bear raid on the grain markets. Sen ator Capper declared, asnerting that consumers as well as producers were the victims. !j Chicago Board Denounced. ' "The Chicago Board of Trade as now conducted," said Senator Cap per, "is the world's greatest gamb ling Institution. More wheat was sold 1n Chicago in the month of October than was raised in the entire United States this year. This year's corn crop was sold 14 times in Chicago before a bushel of corn had reached the markets. "There is not the slightest doubt that the gigantic raid made by the bears on the board of trade was the chief cause of the recent disastrous Flump in the price of farm products. Hecause a lot of market gamblers find it convenient to bet on the daily quotations, the farmer, who has been lorced to sell his hogs and cattle at a loss while meat still sells at war prices, is again made the goat. The farmer already has lost more than a billion dollars by the bear raid, lirokers and commission houses have cleaned up over forty millions in margins and commissions alone. The lambs who play the market have lost more than one hundred million dollars in: the last 90 days In speculating in cotton and wheat." TILDER BEXOCXCES MEASURE BUI Would Increase Speculation, i . Says Chicago Man. CHICAGO, Dec. 4. The bill pre pared by Senator Capper for the reg ulation . of grain exchanges "would lead to the entire elimination of the insurance feature of the grain mar ket," Leslie F. Gates, president of the Chicago Board of Trade, declared to day. The result, he said, would be such a widening margin between producer and consumer as merchan dise handlers would find necessary to cover additional risks of ownership .which they would assume." 'While purporting to be a taxing Measure, Mr. Gates said, it is of course not intended to he a revenue producer, but rather Intended through tie imposition of a prohibitory tax to do away with trading In grain for future delivery. "While it purports 10 leave an opportunity for "hedging" purposes and sales, any one at ail familiar with the grain marketing machinery will realize that the pass age of such a bill would tend to the entire elimination of the insurance feature of the grain market. Instead of preventing speculation, Buch a pro vision would necessitate speculation n the part of every cash handler of train and its products. "It is not generally known that the entire toll on wheat is only from 7 to 30 per cent for ail handlers between the farm and the foreign market, transportation of course, not in cluded." J49 0REG0NIANS HONORED (Continued From First Pae.) f-t. George. This was Brigadier ticneral Amos A. Freis, chief of the tras and flame service in France, who es a regular army officer entered "West Point from southern Oregon years ago. (Many acts of splendid service are Included in the citations which ac company the award in each case. The citation which gave the medaille roilitaire to Private First Class An drew Amicher of 161 North Twenty third street, Portland, reads: -' "For exceptional heroism under fire near Mentheck, Belgium, on October 31, 1918. Under a violent bombardment and in spite of the di rect fire of an enemy machine gun nest in position in a group of farms and which prevented the advance of the infantry, he placed his machine gun in open ground about 800 meters from the enemy, with no other pro tection than the irregularity of the ground and opened fire, reducing the enemy to complete silence, killing eight Germans and wounding four, thus permitting the unhindered ad .vance of the infantry." , Many of the awards are posthu mous, the act3 of valor having re sulted in death. Among these is the citation for Lieutenant Newell C Barber, whose home was at Medford. lieutenant Barber was an air pilot. and his last fight is described in the citation, which reads: . "An excellent pilot. He has taken an active Part in the bombardment since July, 1918, and sustained some hard combat against enemy patrols on July 21 and August 10. Died glo riously on August 11, 1918, in a des perate combat, where his squadron fought one against two." The names of those decorated and the award received follows: French medaille Militalre "Military medal" Sergeant Robert Ftuber, Private Andrew Amachier. Krench cross of the black star Colonel Edward N. Johnston. U. S. A.. Colonel Al vln 11. Barber, U. S. A., Colonel John L. May, Lieutenant-Colonel Thomas W. Ham mond. U. S. A., Lieutenant-Colonel Ueorge A. White, Lieutenant-Colonel Wallace 1). Wei U. ' French lesion of Honor Brigadier-General Amas A. Fries, U. S. A., .Brigadier Oeneral Harold it. Flske, U. tj. A., Colonel Edward N. Johnston. U. S. A., Major Se rena fcl. ltrett, V. S. A., Captain Edward C. Allworth, U. 8. A.. Lieutenant-Colonel William K. Burr, Lieutenant-Colonel Glenn K. Votaw, L.ieutenant-Colonel George H. Kelly, Major William 3. faiddle. Captain Leland L. Smith. French order of merit Captain Fred B. Ames. French ordre des palmes univeraftarea Major Philip M. Carroll, Hood River, Ma jor William H. Curran, Major Shannon L. Vanvalzah. V. S. A., Second Lieutenant Vernon Faxon. French crolx de guerre Private George T. Welk. Yamhill; Captain George A. Stowell, U. 8. A. ; Corporal Kirby G. Ross, Colonel Charles E.- Kilbourne. U. S. A.; Sergeant Martin Grans, Brigadier-General Harold B. Flake, ti. S. A.; Lieutenant Mor timer P. Cook, Major Serene K. Brett, U. 8. A.; Second Lieutenant Newell C. Barber, Medford (deceased;; Captain Ed ward C. Alia worth, C. S. A.; Sergeant Robert Fisher. Sergeant William J. Wood, Lieutenant Lambert A. Wood (deceased). Lieutenant Ralph M. Wilcax, Private How ard M. Wight, Corvallls; Private Rupert A. Wanless, Newberg; Corporal Cral W. Walling (deceased). Private Wallace W. Smith, Corvallls; Sergeant Lawrence O. Schndl, Corporal Walter Schaffer (de ceased). Major Aftel Rasmusscn, Sher wood (deceased); Sergeant Albert Pres ley, Grants Pass; First Sergeant James E. Poole, Private John K. Honiy, Gresham; Private Chester Haven, Falls City; Ser geant Raymond J. Hague ;. Captain James P. Growden, Private Ernest G. Grey, Lieu tenant John P. Gregg. Lieutenant Lyman AJcChase, Silverton; Lieutenant-Colonel William. E. Burr. Corporal William M. Bowers, Amity (deceased); Second Lieu tenant Lewis C. Beebe, U. S. A.; Sergeant Clarence H. Yost, Second Lieutenant Ed ear L Wheeler, Marshfield; Sergeant Fred C. Wheaten, Lieutenant Timon J. Torkel son, Astoria: Captain Karl J. Swanson, Beaverton: Major John E. Strohm.- Lieu tenant Albert O. Skelton. Corvallls; Lieutenant Harvey J.- Silverstone, Cap tain Otto C. Scfcultz, Corporal Delbert Reeves, Silverton (deceased); Sergeant John F. Patrick; Private Donald H. Moore; Major Frank C. McColloch, Baker; Captain Floyd J. Lewis, Salem; Sergeant Lavid Levy; Sergeant Ayres H. Larrabee; Pri vate Earl i. Landsborough ; Captain John E. Kuykendall, Eugene (deceased); Pri vate Herbert Joseph Hudson. Beaverton. Sergeant Elmer E. Hewitt, McMinnville; Lletuenant George A. Gore, St. Helens; Chaplain William S. Gilbert, Astoria; Lieu tenant Oscar C. Glbbs, Lakeview; Lieuten ant James S. Gay Jr.; Sergeant Calvin T. Funk, Cottage Grove; Private Vernon L. Downer; Sergeant Floyd R. Young (de ceased); Private Fred s. Williams, Eucrene; Corporal Hoy C. Stone; Private Charles E. Stoddard, Falls City; Sergeant Fred R. Starr, Klamath Falls. Sergeant Milton E. Straight, Baker; Sergeant George A. Kes sington; Sergeant Francis W. Rollins, Hills ooro; Private Lester C. Reese, McMinnviile (deceased); Private Harry R. Rayburn; Corporal Herbert C. Price; Sergeant Thomas E. Pitts; Corporal Alvin W. Par- rish. Salem; Private Carlyle I. Odgers; Corporal Seldon O. Murray; Corporal Ed pa C. Merford, Forest Grove, Corporal George F. Meats, Eugene deceased); Pri vate Ray D. May; Private Norman J. Mac kenzie, Jordan Valley; Private Waiter McCrum; Corporal Frank C. McClaflin: Corporal Phillip T. Lee; Private Walter L. Kight, Prairie City; Sergeant James H. Heftron; Sergeant Edward Hardy; Private Junius E. Haliyburton, Ealey; Corporal Au gust M. Grant; Sergeant John L. Togle, Dallas. Corporal Charles M. Dalby; Lieu tenant Louis H. Compton, Salem; Private Waldo E. Canfield, Oregon City (deceased); Private William A. Uotz, Pendleton; Ser geant Warren L Cooper; Lieutenant Oscar I. Chenoweth, Dallas; Sergeant Miles T. Barrett; Private Harry H. Ameil, La Grande. French Medaille d'Honneur des- EsdI- demies Major John G. Strohm: Nurse Karen Laurldsen, Astoria; Sergeant Karl R. Madison; Sergeant John H. Carroll; Sergeant First-Class Andy B. Johnson; Private First-Class Borus H. Geller: Pri vate First-Class Jess F. Lawrence; Private First-Class George Penson, Hillsdale; Pri vate First-Class John K. Frohmader, fia- em; Private Howard Hill; Private Will iam H. Plppy; Private Cornelius R. Stein, Oak Grove. British Distinguished Service Order- Colonel Edward N. Johnston, U. S. A. British Companion of Order of St. Michael and St. George Brigadier-General Amos A. Fries. U. S, A. British Military Cross Captain Otto A. Odjard; Captain John T. Henry; Lleuten ant Albert A. Grossman; Lieutenant Thom as E. Griffith, Dulur; Second Lieutenant James E. French, Dallas ;Lieutenant El- don C. Blanchard, Oak Grove. British Meritorious Service medal Mas ter Signal Electrician Shirley M. Treen; Master Signal Electrician Walter D. Davis Belgian ordre de la couronne Brigadier General Harold B. Fiskc. U. S. A. Belgian crolx de guerre Lieutenant-Colonel Gordon Voorhies; Lieutenant Lloyd S. Spooner, Captain Frank S. Sevey, Wagoner Albert R. Reilley, Junction City; Sergeant Van Alfred Norder, -Hood River; Major Lester W. Humphreys, Captain Merle G. Howard', Junction City; Sergeant Paul B. Hansen, Lieutenant Benjamin F. Dorrls, Eugene: Private Carl M. Cook, Major Dan iel J. Coman, Sergeant Bert Cohen, Ser geant Cecil C. Beach, Eend. Italian order of the crown Brigadier General Harold B. Fiske U. S. A. Italian vroce di guerra Captain Lennie H. Nixon, Eugene; Private lielmuth De wltz, Salem; Captain Ward M. Ackley. Italian war service ribbon Private Stan ley E. Shell, Wallowa. Montenegrin medaille pour la bravoure milltaire Private First-class George H White, Bend. Montenegrin ordre d"U prince danile the first Captain Edward C. Allworth. The largest exhibit of women's wrist watches in Portland is at Friedlander's, 310 Washington, be tween Fifth and Sixth. Adv. - very large city has one newspaper which, by universal consent, is the Want-Ad medium of the community. In Portland it's The Oregonian. Emblem of Quality Bros. vJ.'M That an Authentic ' dental serves as an ideal medium for conveying to the loved one, at Christmas time an enduring sentiment of love and good will is evident in the stories of romance woven into the typical "Atiyeh" rug. Determine the message you wish to send and compare it with the in terpretations of an endless variety of designs shown here. ATIYEH BROS. Alder at Tenth E SOME BUSINESS ILLS Public; Said to Shirk Duty in : Price Deflation. PRODUCER SHOWN IN NEED Practices Whereby Moral Obllga- tions Are Avoided to Gain Profit Denounced. NEW YORK, Dee. 4. Necessity of observing the laws of morality in business was emphasized tonight by Governor Coolidge, vice-presidentelect, in an address. Terming action of the democratic administration be fore America entered the war as an example of what should not be done by business men avoidance of moral obligations Governor Coolidge de nounced practices of similar avoidance by men in business relations who, he said, seelc their own profit regardless of others. , He cited recent wholesale "cancel lation of orders for merchandise as an example of improper methods. This course, he said, resulted from ex travagant ideas assimilated during the prosperity of recent years. Prlee Void Reward. "From 1916 to 1920 Americans have believed themselves in easy circum stances," he said. "True, prices were high, but rewards of effort seem higher still. All seemed so easy that people came to a condition where they did not care. There seemed to be an impossible demand for all human en deavor." The result. Governor Coolidge said, has been "disastrous." "We are in an era of deflation and the public is trying to put all the bur den on the producer by refusing to carry out its bargains," he declared. The worst manifestation of this is the cancellation of orders, he said, can celed "because it was thought it would not be profitable to meet such cost." "Our whole economic structure has been disarranged," he continued. Moral Laws Hold. "We have sought in our economic relations a false independence and 'a false freedom. Men are not and can not be in any of the relations of life independent of the moral laws." Of the Wilson administration, he said: "It failed because it Slid not meet the moral requirements of the Amer ican people. It has gone now. I would be the last to cavil at it- But its les sons must be remembered. It asked in the first place that America dis charge its obligations because it was more profitable to do so. No wonder the country felt duped when it had to do its duty at additional cost or perish." Peace Kept, Soul Loot. He quoted what Theodore Roosevelt declared he would have done when the Germans invaded Belgium and added 1 "The admniistration said it kept the peace. What America should have required was not the keeping of the peace, but the keeping of its soul. It was the process, not the result that counted. "The great lesson of economic and past experience is that people and parties and nations must observe the moral standards. They have been dis regarded in business with disaster, in politics with defeat and by the nation with resulting war. If there be any advantage to be gained from these ex periences it will be by a renewed de termination of the people and the gov ernment to meet their obligation. Many have found that out." WHEAT CRISIS MAY FADE (Continued From First Page.) France, Germany and Italy. It also is known that a considerable quantity of wheat was sold for shipment to the eastern states. In the meantime, the farmers in the EXPUHKS THOMAS MEIGHAN CONRAD IN QUEST OF HIS YOUTH A happy romance of love, youth and high adventure which gives a recipe for renewing youth TODAY Columbia ; PICTURE UlhJf -l X . PLAYER Sidpri& -fj W Vincent Knowles,pf f . X. Jk Director . fife c -JH ' ?" ' W For "Her" A HANDBAG A beautiful assortment to choose from, consisting of Silk, Velvet, Mocha, Suede, Brocaded, Beaded and all styles of Leather Bags and Purses. . Moderately Priced Gift Certificates SOLVE PERPLEXING GIFT PROgLEMS Give a Gift Certificate on this store then selection is left to the' recipient of the gift. -, i mm . ,," ."'I! You need notworry about the inevitable dirt the children track in from school and play; for The , Hoover will not only clean thoroughly but will also prolong the life of your rugs. Let us give you a demonstration. HOOVER It BEATS. .t it Sweeps as it Cleans iniihui.iiilni in ii in ir minr.n.i i.i-m,nn ntwj slues THE "ROADMAN'" OXFORD BAG Construction Large five-piece extended end pattern, riveted to '' - - frame. Ootslde Leather Smooth grain cowhide. Frame Steel wrought with brass-plated trimmings. Corner Sewed-on corners. Handle Single, steel reinforced. Xining Leather. Pockets One full length and two shorter pockets. lS-lnch, brown or black, $24.00 regular, special See Alder-St. Window Display. northwest are not posing as sellers, and in spite of the keenness to buy shown by exporters, there are few re ports from the country of wheat actually changing hands. Although his crop has been sold over 4iis head and without his consent to Europeans or eastern millers, the awrage wheat grower appears content to sit tight and wait for later developments. Country Bankers Approve Policy. This attitude also has the approval of country bankers in some of the sections where they are advising the farmer to hold on tor a better price. Bids on the local grain board were raised 2 to 5 cents again yesterday, with $1.65 offered for nard white and $1.60 for club wheat. These prices represent advances of 25 and 20 cents. We Give Double 4inimtiitmiiiiuiitn!imtHiwiiifmmiintt!ram iiiiiiiiMtiiiiiniiiiraiiniiiiiiinmMmimMmiiiwitniiinriiinitiiiuiii Ivory Py-ra-lin for Make your next grift Pyralln Ivory Toilet Articles, a token which will always bring true appreciation the ideal material for the boudoir. Will not dent, break or tarnish. .An artiKtlc monogram laid on rack article adds to lta charm and the Intimacy ot poflsentiion. An Ideal Gift IMVKRSAL ' lannmc WAFFLE IRON . Make delicious, crisp waffles, risht at the table. No smoke. No odor. Has aluminum p-rids which cook both ANSCO CAMERAS THE GIFT SUPREME a gift that helps to make Christmas merry, and keeps a picture story of the Christmas joys . and pleasures. at once. Guaranteed Priced at. . . $20.00 $16.50 . respectively, over the low point' of ten days ago. The. value of the unsold wheat ia the northwest has increased in that period about $7,000,000. Blues tern Trice Cp 7 Cents. SPOKANE, Wash.. Dec. 4. Local wheat prices advanced today. The quotations on premium bluestem were 7 cents a bushel higher and soft grades advanced 3 cents. Big Bend bluestem was quoted at $1.50 per bushel and soft wheat at $1.39. To day's prices represent an increase of 20 cents on bluestem in the last four days. Kappa Beta Pi Chapter Desired.. UNIVERSITY OF OREGON, Eugene, rec. 4. (Special.) A new sorority, Orchestra at 1 P. M. Mafinee 1 fc'.rai.X'JiXVVmffl S. & H. Green Trading Stamps ALDER STEEETAT WEST PAEK Visit Our Stationery Department Many Beautiful Gifts Can Be Secured Here. Desk Sets Stationery Hurd's attractive papeteries in dainty boxes", delicate tints. 75c to $15. Make an ideal grift. BSee our varied sup t1tt All aYrlaci QvA See our varied prices. . We Still Have a Engraved Gifts umumiimimmmiiimiimiumiimmimiuiiimmmimimummmmmmmim mi imimumi I The Famous "LIKLY" Luggage I B Your family and friends will greatly appreciate traveling; equipment, on ac- count of its usefulness. Nearly every woman, needs an Overnight Bag, a Suitcase fitted with toilet j articles and also a roomy Wardrobe Trunk. E E A man's traveling; equipment requires a Club Bag-, E for the short trips; a Traveling Bag, with toilet . fittings, a Suitcase and also a good-sized Ward- robe Trunk. E ' We carry the famous "Likly" Bags, E Suitcases and Wardrobe Trunks. Ab H solutely the finest quality and style. We invite your inspection of our wonderful and extensive exhibition of Leather Goods and Luggage. Your Gift E problem will be solved after visiting this department. I u'illlllllllllllllllllllllllflllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllfHIIIIIIIr? composed of women of the school of law, has been formed, and a petition for a chapter of Kappa Beta Pi, na ill , dnc U d Ladujwuna on coor (yonniG a ADDED ATTRACTIONS Mutt & Jeff in "Farm Efficiency." Bruce Wonder Scenic "A . Banana Special' PEOPLES NEW ORCHESTRA , Direction of Britz ?fA, T-; Now Playing ' 55' i' f) AflO m All This Week j- Electrical Gifts HEADQUARTERS FOR The Sort of Gifts You Like to Give Because They Are Appreciated Most and Last for Many Years. Miunmnirrmt i inHiiimmmtn tttntt mmnminimtt iimmmniirnmnii mm mutnc Fountain Pensl A Fountain Pen is 1 a gift that is used f every day. $2.50 to 1 $29. I Splendid Assortment of Christmas Cards Unusually Acceptable tional law sorority, has been'made. Alys Sutton, Portland; Josephine Howe. Mansfield, 111.; Ruth Stadwal- M JMM -'I 1 ' "A I'."--1 :'l I -IP-- nl Give "HER" PERFUME It conveys to the recipient a message of thoughtful remem brance in a manner difficult to equal, ' . Bottles of cut glass in beautiful boxes or of plain glass in boxes less elaborate make choosing an easy matter. DOLLS REDUCED $7.00 up to $8.00 Dressed Sleeping Baby J A QQ Dolls, now id'-t.iJO $5.50 Dolls, wonderful val ues in fine dolls; OQ special OilttdU ALL OF OUR 1 OFF OTHER DOLLS 4 NOW Gifts ter. EuRrene; Gladys Everett. Port land, and pletta Federson, Petalunia. Cal.. are t he-charter members. mmssX ins: i V 1 if--:- y I ! . V A t--v ."IV- mi 1 'A 1 i 1 i;; A