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TITF SUNDAY OREGOXIAX, PORTLAXD, AUGUST 28. 1921
5700,000,000 DEBT
W
Public to Be Loser if Bill Is
Not Paid Promptly.
EVEN FORD IS BORROWER
T"j to Present Time Carriers Have
Xot Defaulted Single Penny
in Their Payments.
BY HARDEN COLFAX.
(Copyright, 19:il, by The Oregonian.)
WASHINGTON, D. C, Aug. 27. (Spe
cial.) What the railroads owethegov-
ernment has been mounting steadily
during the last few months until today
. It stands at not far from t7O0.OO0.OOO.
; This railroad mortgage, which must
; be paid promptly if the public is not
to be the loser, is a growing factor
in shaping legislation and is certain
' to be'con8idered in any plans congress
' may adopt to put the carriers on a
' sound and paying basis,
ii More than half of the entire amount
G
ti
'-G;:) ' S O IP E M IT
i 'II : THE. FIRST ,mW'WM,-
iisiiiiiiiiii
is covered by obligations of nine rail
roads alone.
The Pennsylvania railroad owes the
government 175,334.000, representing
money advanced during the period of
federal control and afterwards to
cover improvements and betterments
and other contingencies.
New Haven Owen Bin Sum.
The New Haven railroad, next in the
size of its debt, owes $75,170,000, of
which moVe than $60,000,000 repre
sents betterments to the line and
equipment during the period of fed
eral control.
Next comes the Chicago, Milwaukee
& St.' Paul,, whose obligations to the
government total $60,688,000.
These three roads alone owe the
government one-third of all the money
tied up in its list of railroad securi
ties, according to the treasury, their
debt aggregate being more than $210,
000,000. The other six roads included
in the first nine debtor carriers, in the
order of their obligations, are:
New York Central, $46,037,000; Bos
ton & Maine, $42,925,000; Baltimore &
Ohio, $28,406,000; Great Northern, $21,
918,000; Missouri Pacific, $19,620,000,
and Krie, $15,451,000.
The total debt of the nine roads
cited is $,385,000,000;
More than 100 carriers have ob
tained money from the public treas
ury, either in the form of cash or in
expenditures for betterments, equip
ment or other facilities, and have
given their notes or bonds in ex
change. In the long list, advances to
individual roads of from 'one to thir
teen millions are the rule; advances
below one million dollars the excep
tion. Even so strong a carrier finan
cially as the Illinois Central is rep
resented with obligations totaling
nearly 13 millions.
Interest Chance ff Per Cent.
Interest is payable on these obliga
tions at the rate of 6 per cent annu
L 0
R I A
SWANSON
IN ELINOR GLYN'S
Tine" GREAT
MOMENT
N O W P LAY I N G
THE SECOND
Rupert Hughes
THE OLD NEST
The only picture that has
generally been rated with
"Humoresque." "The Old
Nest" is a picture for every
one who has ,been born.
ally and in the case of $310,000,000 of
the obligations 5 per cent of the prin
cipal is to be retired every six months.
Those obligations denoted equipment
trust 6 per cent gold notes represent
the carriers' repayment of moneys
spent during federal control for mo
tive power, cars and other equipment
which is in use today and which, in
ordinary railroad practice, would be
funded .over a period of time. The
government, however, paid cash for
the equipment and in turn .took the
roads' notes.
Up to the present time the carriers
have not defaulted a penny in their
interest payments, notwithstanding
the falling off in income. Any con
siderable rate reduction, hojvever, the
carriers claim, which would affect
materially and ad versely net income
would make more difficult the burden
of meeting interest payments on this
debt.
Half BilUon Still In funded.
The debt as represented by government-held
securities is in addition to
about $500,000,000 owed the govern
ment by the roads and not as yet
funded. The railroad administration,
under the proposed administration re
lief act, would make settlement with
the carriers for this $500,000,000 by
accepting the carriers' securities and,
through the war finance corporation,
have them funded.' The proceeds
would be used in paying the carriers
what the government owes them for
rentals of their property and for other
claims.
Few of the class 1 railroads those
doing a business of more than $1,000,
000 annually are not found in the
list of the government's debtors.
Even Henry Ford's line, the Detroit,
Toledo & Ironton, is down for $788,
000, representing improvements made
to the line and equipment purchased
during federal contrbl.
Read The Oregronian classified ,ads.
f9
At the House
of "Always
Good Pictures"
HEFTY MAN NAMED
AD01IS OF QUEENS
232-Pounder Scores Pulchri
tudinous Triumph in Paris.
FUTURE NOW IS VEXING
KugCTie Hoffman Undetermined
Whether tf Enter Movies, Vaude
ville or Beauty Parlor.
BY WILLIAM BIRD.
(Copyright, 1921, by The Oresronia.n.)
PARIS. Aug. 28. (Special.) The
"queens of Paris," annually chosen for
their beauty, have just balloted and
selected as the handsomest man in
France one Eugene Hoffman, who
weighs 232 pounds.
This is the first time a competition
in masculine beauty has been held in
France. Eugene, at the moment, nat
urally is undecided aa to whether he
shall go into vaudeville or the movies.
It has been suggested that he may
open a gentlemen's beauty parlor.
Eugene, also, is in some perplexity
- . , '"
Pel"ng nnOUnCement '
THE THIRD
Cecil B. DeMille's
The Affairs of Anatol
ti
DeMille's greatest picture. Cast
includes Wallace Reid, Gloria
Swanson, Elliott Dexter, Bebe
Daniels, Monte Blue, Wanda
Hawley, Theodore Roberts,
Agnes Ayres and others.
KNOWLES AND THE PICTURE PLAYERS
have especially arranged orchestrations you'll say "the best yet!
SCREENLAND NEWS THE HOME-GROWN REEL
as usual this popular offering will keep you posted on Portland events.
Note: All "Big Four" Programmes will start at 11 A. M., 1, 3, 5, 7 and 9 P. M.
(No Change in Prices)
as to what he shall attribute his
splendid physique. He has been over
whelmed with offers from the patent
medicine- manufacturers and just as
soon as he can make a decision we
shall hear that his piilchrltudinous
triumph was due entirely to his life
long use of some sort of pale pellets
for pink people. At this writing the
negotiations are still in progress.
Publishers Approach Adonis.
Nineteen publishers have ap
proached the new Adonis with pro
posals to publish any books he may
write. Some of the already, suggested
titles are "My Beauty Secrets," "How
to Raise Eyebrows" and "How to Be
Handsome Though Hefty."
Eugene won the beauty contest
fairly, despite the tricky tactics of
some of his closest rivals. For ex
ample, when the candidates passed
before the Jury of Paris queens, it
see'med certain, that first prize would
go to the tall slim chaps with blond
curls. Itwas discovered, however, by
lifting up hla flowing yellow whiskers
that he ha a prominent adam's apple
and that of course disqualified him.
This discovery served to cast sus
picion on all the. other bearded can
didates and prompt investigation
snowed that none .of them wore a
necktie-.
The jury of women were revolted
at this and as a result a great con
troversy is raging in the press as to
whether the bearded men should wear
cravats. There long has been a the
ory that the fashion of wearing a
beard was nothing more nor less than
a cloak to cover up an effective means
of beating the high cost of haber
dashery. Another comely contestant was
ruled out when he admitted he was a
woman.
The competition has proved such a
success that the authorities have de
99
termined to make it an annual event.
M. Hoffman generously has announced
that in no circumstances will he be a
candidate for re-election, which
makes it anybody's race next year,
and probably there will be a largely
Increased entry list.
The rules for next year have been
announced somewhat as follows;
1. All males between the ages of
18 and 80 shall be eligible on presen
tation of a birth certificate showing
age and sex.
2. Married men must present a let
ter from their wives permitting them
to participate.
3. Jewelry, such as diamond scarf
pins, pearl necklaces and earrings
shall be barred, as likewise the Jing
ling of coins in one's pockets or the
ostentatious dropping of bank notes
of large denomination before the eyes
of the Jury.
4. The jury discourages the use of
perfume or the plucking of eyebrows.
One married man, anxious to get in
training at the earliest possible mo
ment, applied yesterday to his wife
for a permit under rule No. 2. The
woman was seized with a violent
laughing fit from which she has not
yet recovered. Doctors are in attend
ance and the husband professes com
plete mystification as to what could
have brought on the attack of per
nicious merriment.
George D. Vlrden Bead.
SPOKANE, Wash., Aug. 27. George
D.- Virden, 74, who took out the first
coal in the Roslyn mines and test4
it in his own blacksmith shop in the
early '70s. died suddenly Thursday at
Fatonville, while returning here from
Mount Rainier. He is survived by
his widow and four children.
Phone your want ads to The Ore
gonian. Main 7070, Automatic 560-95.
Portland's
Best
Ventilated
Theater
VETERANS TO CONVENE
AMERICAXIZATTCKX IS TO BE
JPIUXCIPAIj TOPIC AT MEET.
Ty Cobb to Be on Team of Legion
That Will Play Baseball
Game for Visitors.
DETROIT. Mich., Aug. 27. Admin
istering of the oath of allegiance to
a naturalization -class of 600 by Fed
eral Judge Tuttle during a public
Americanization programme at the
Michigan state fair grounds will be
one of the outstanding features of
the national encampment of Veterans
of Foreign Wars in Detroit. September
19 to 24.
The organization is placing much
stress on Americanization and plans
as a preliminary feature a pageant
in connection with its encampment
parade. The pageant will review
American progress from the landing
of Columbus to the present day.
Officers of the organization are
planning on attendance of from 20.
000 to 25,000 at the national conven
tion. To provide billets for those who
cannot find hotel accommodations
from 5000 to 6000 beds will be in
stalled at the state fair grounds. The
fair grounds will be the scene of the
principal activities of the encamp
ment, including a sham battle, a na
tional athletic meet under auspices of
the A. A. U., boxing contests, a base
ball game, the Americanization pro
gramme and the reunions of various
units of veterans of foreign war
service.
Lieutenant-Colonel A. P. Wenzel of
THE FIRST
Gloria Swanson in "The
Great Moment" is a
veritable triumph in cast,
story and settings. Elinor
Glyn wrote the story
especially for Gloria
Swanson. The story itself is
typical of the writings of Mrs. Glyn
It's a Paramount Picture
NOW PLAYING
THE FOURTH
John M. Stahl's
"TheChildThouGavestMe
This production is highly unique
and different. The stars are
- Barbara Castleton, Lewis Stone
and Richard Headrick, the
phenomenal child star. (It is
not a "northern" picture.)
y u
11!! ! WSI 111 ! ! i tilt llilif nrMISf'J 11
Detroit, assistant chief engineer of
the Michigan Central railroad and
formerly of the 16th engineers, will
be a candidate tor commander-in-chief
of the national org-nization.
One of the interesting features)
planned for the encampment will be
a baseball game between teams rep
resenting the American Legion and
Veterans of Foreign Wars. Harry
Heilman and "Ty" Cobb, swat kings
of the American league, are legion
members and will be asked to recruit
the legion team for major league cir
cles, if possible, and Colonel Til Hus
ton, one of the owners of the New
York Yankees, will take upon himself
the mustering of the veterans' outfit.
Assurances have been received that
Canadian war veterans in goodly
numbers will cross Detroit river to
fraternize with their American allies.
Record Canoe Trip Made.
BOISE. Idaho. Aug. 27. For the
first time in the history of the state
a canoe trip has been made from
the headwaters of the middle- fork
of the Boise river at Atlanta, to
Boise. Three men. Stanley Gordon
Smith. Tom Hoskot and Arthur
Mouser, heedless of the warnings of
old river men, paddled down in five
days, a distance of 95 miles, through
shallow rapids and deep water, the
men narrowly escaping death three
times. Smith is an expert canoer.
having paddled many miles in Canada
and Alaska.
Cane Syrup Price Is Out.
NEW ORLEANS. La., Aug. 27.
Penick & Ford, Ltd., one of the larg
est manufacturers of care yrup in
this country, Friday announced a 50
per cunt reduction in the selling price
of its syrup. ,
"Rpad The Oregon ian classified ads.
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