The Oregon daily journal. (Portland, Or.) 1902-1972, March 13, 1919, Page 7, Image 7

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Short Time Tresaury ; Notes Will
Be Offered at Good Interest J
to Raise $7,000,000,000. ;-
Washington, March 1- Secretary of
the Treasury Glass announced that the
campaign, fqr' the Victory ,Lherty loan
will open on Monday. April 21. and close
on Saturday, "May- 10. 1 During that pe
riod ahort term note to the amount of
$7,000,000,000 will ha v to be dU posed of
The notes wUl mature In from one to
five yeara. The rate of interest has
not been fixed, but It Is generally be
lieved that It will be 4 per cent . The
laat Liberty lean was issued at 44, per
- cent, but on account of super-taxes (and
profits taxes .under, s. the war revenue
bill, it has been found that It would
be impossible to float another, issue at
that low rate. ; ' .';
In arriving at the decision to Issue
short term notes, rather than long , term
bonds, for -the - Viftory loan. Secretary
. Glass says .he has done so because ha
believes that the notes for ajshort term
will be maintained at par with more
facility than would bonds of longer ma
turity. .
Secretary Glass appeals to the people
to support the loan In the same patriotic
manner In which , the previous . Liberty
loans were supported. Unless . people
generally subscribe, he says, the burden
of subscription will fall upon the banks,
and. In his opinion, this would be a
misfortune. The formal statement issued
by Secretary Glass Is, as follows :
-..'Cy Statement By Secretary . Glass
"The Victory Liberty loan campaign
will open on Monday. April 21. and will
close on Saturday. May 10. Under, the
act of congress approved September 24,
1917, and amendments thereto, the sec
retary of the treasury still has the au
thority to issue bonds similar to those
of the second, third and fourth Liberty
'loans to the extent of not over $5,022,
'618,000. but any -Issue of bonds under
authority of this act Is limited- as to
rate of Interest to a maximum of 44
per cent per annum and would be sub
ject to super-taxes and profits taxes,
except for the right to participate in
. the exemption of $5000 principal amount
: with other outstanding issues of Liberty
bonds and certificates.
TTote Flaa Is Adopted
The congress bas now passed the
sVlctory loan act, which was approved
March 3, 1919, under which the secretary
of the treasury Is authorized to issue
notes of the United States to the extent
of ' not over $7,000,000,000, upon sucl
terms and conditions and at such rate
or rate of Interest as he may prescribe.
"It is provided In this act that these
notes shall be payable at such time or
times not less than one year ' or ; more
than five years from the date of Issue
,as may be prescribed by the secretary.
"After studying financial conditions
- Jn all parts of the country I have deter
"mlned that the interests of the United
States will best be conserved at this
; time by the Issuance of short term notes
' rather than of longer term bonds which
would have to bear the limited rate, of
Interest . at 414 per cent.
Promise to Pay Is .Direct -'.
"The Victory Liberty loan, therefore,
,'Will take the form of notes of the United
.States, maturing-in not over five years
from date of issue. These notes wiU be.
as were the Liberty loan bonds, the direct
.; promise to pay of the United States ;
will be issued both in registered and
coupon form, and the coupon notes will
be In final form and will have attached
the interest coupon covering the entire
life of the notes. I am hopeful that the
notes in final engraved form, will be
ready for delivery by the opening of the
campaign on April 21. J
"I am led to adopt the plan of Issu
ing short term notes rather than long
.term bonds, largely because of the fact
' that I believe a' short term issue will
jnaintaln a price at about par after the
campaign Is concluded, far more readily
than would a longer term issue.
"I have not' yet -reached a conclusion
as to the rate of Interest and exemp
tions from taxation which these notes
sT Y M. -k r
T1 YpuN ame the Price
vS tras" are not made by F. S.
Dunning, Inc. This progres
sive, long established institu
tion gained its splendid repu
tation not by running up ex
pensesrbut by giving service,
complete and perfect. The
family sets the price.
TUNNING'S " beautiful floral
JLs chapel and Dunning's modem
auto equipment are for use,,
when desired, without extra
T UNNING makes all arrange
JL ments,and relieves the family
of alt responsibilities. Dun
: ning offers perfect service.
wUl bear because the decision must be
based on existing condition Immediately
prior to the' openi lg of the campaign.
"I take -this opportunity to .repeat
what I have, already stated that it is
the Intention of the treasury depart
ment to carry on the , same Intensive
campaign - for distribution- has hereto
fore. It - would be a . most unfortunate
occurrence for the people of the United
States not ' to take ' these notes, thu
placing the' burden of subscription upon
the bank. ' The business of the country
looks to the banking system for, credit
wherewith to carry on its operations,
and if this credit is absorbed to a large
extent by the purchase -of government
securities there will be many' limitations
placed upon the supply of credit for
business purposes.
Baitness Weeds Ample Credit '
"Our merchants : and manufacturers
need ample credit for setting the wheels
of industry, in motion for peace-time
production and distribution and the
wage-earner is directly interested in see
ing that these wheels are kept moving
at a normal rate in order that full- em
ployment at good wages may continue,
and where readjustment conditions have
necessitated a slowing down of industry
it is vitally Important that the acivity
be resumed and labor re-ero ployed at the
earliest possible moment;
"i. therefore, ask the' American people
once, again to give their support to their
government in order that this xreat loan
may be made an overwhelming success
by the widest possible' distribution."
TeaGher Poured Oil
On Coals and Is
Now Near to Death
Hillsboro, March 13. Miss Kloda
Kent of Portland, teaching near Hel
vetia, 18 miles northwest of Portland,
was so severely burned Monday morn
ing that she may not recover. Miss
Kent threw coal oil on slumbering 'coals
in the school house stove and her cloth
ing caught fire from the blase of the
explosion. She ran outside the build
ing and rolled over and over in some
wet leaves." succeeding in extinguishing
the flames only after the clothing waa
burned from her body from the waist
She was taken to Hillsboro for med
ical treatment. Miss Kent was alone In
the building when theaccident occurred.
Take All Huns Can
Pay, Says Bonar Law
London, March 13. (I. X. S. The
policy of the government is that we
should take all that, in the opinion of
our commissioners. Germany is able to
pay, declared A. Bonar Law today In
the house of commons, concerning the
Indemnity question.
Some Few Trolley
Cars Are Operated
Newark, N. J.. March 13. (I. N. S.)
An abbreviated trolley service was re
sumed today in Northern New Jersey
on the llries of the Public Service .Rail
way company, which were- tied up
Wednesday by the strike of -1000 em
ployes operating cars between 141 towns
and cities.
tor numerous ex
Son To f Dan J. Malarkey Returns
'With Co. D of the 102d
4 ! Ammunition Train.
Lieutenant Neil Malarkey, popular
Portland boy, a son of Dan J. Ma
larkey, who enlisted in April, 1917. with
Company C of the Third Oregon before
it' was made the l2d infantry, has
landed In New "fork with Company D,
102d k ammunition train, with the
Twenty-seventh (New York) division.
He Will be with 'the division until it is
demobilised, in about a ' months He
landed at New-York on the Mount Ver
non and went to Camp Mills, where the
division is to have its headquarters
while parading in the east before de
mobilization. ,
Lieutenant Malarkey enlisted aa a pri
vate,"belng too young for entrance tn an
officers' training camp. He was soon
afterward made a sergeant and remained
wtth tthe l2d until the summer of 1918.
when, he went to a training camp and
received his commission October 1, 1918,
He was first assigned for duty with the
headquarters troop of the second army
In the Toul sector and was transferred
on .February 25 - to the Twenty-seventh
division. He sailed from Brest ' on
March 3. ,
Lieutenant Malarkey was in his junior
year at Reed college at the time he en
listed. After his discharge he will finish
his college course in preparation for law
Hfs brother. Dan J. Malarkey Jr., re
turned Monday with the members of the
162d infantry, who were discharged at
Camp Lewis and came to Portland with
Colonel John L. May.
Salesman Arrested
For 'Kiting' Check
H. S. Lowe, an automobile salesman,
was arrested Wednesday afternoon at
his home at Eleventh and Market streets
by Inspectors Goltx, Howell, Niles and
Graves, and is being held in the city
jail on a charge of obtaining money
under false pretenses. According to the
police. Lowe is accused of attempting to
use a worthless check, calling for $135,
in a deal for. a-diamond. Lowe is said
to be well acquainted in, local automo
bile .circles.
Meat: Russia and the Allies
Russia cnimbled away and failed the
Allies largely through lack of food, accord
ing to an American eyewitness.
r -.
With plentiful reserves and resources
virtually untouched, her people starved at
home and at the front because there
was no adequate organization to place
food where it was needed.
Animals on the hoof were shipped thou
sands of miles to the various fronts, wasting
transportation facilities required for other
purposes. They arrived shrunken and ema
ciated, to be killed and dressed amidst filth
arid confusion behind the lines. Half of those
brought from Siberia, it is said, perished on
the way; jnany more were unfit for food,
On the other hand, the American packers turned
live stock into meat in large sanitary plants located in
the producing sections, and shipped the product under
refrigeration so that it reached the trenches in France
in perfect condition, without waste.
Says Our Authority :
"Had such facilities for cold storage transportation
been available to the Russian supply committee as
were placed at the disposal of the quartermaster of
the United States by Swift & Company, there might
have been a different story concerning; Russia's part
in the final drama of the war' 1
A large-scale packing industry would be an asset
to Russia, in war or in peace, as it has proved to be to
the, United States.
' : ' The cost of this large scale industry in the form of
profits is only a fraction of a cent per pound of meat
Swift & Company, U. S. A.
Champ Clark Nails:
Lie Attributed to
f . CongressmanMay s
Atlanta, . Ga., March 13, L N. S.)
"Anybody who says I said 'President
Wilson' League of Nations ha aa much
chance at being ratified a you have of
being pope of Rome,' . is a malicious
liar," said former Speaker Champ Clark
of the United States house of represen
tatives who stopped over in Atlanta 'for
a few moments en route to' Alabama.
- "When the new came over to the
house. during the last night session that
50 senators had signed a 5 round ' robin
against it, I said the League of Nations
could not be ratified, because it takes
a two thirds 'majority to ratify, unless
some of the senators changed their
minds. This is a question of mathe
matics. "I never spoke to Congressman Mays
on the subject in my life and had no
conversation with him on any other
subject for a good while because X bad
had no. occasion to. This Mays', canard
Is part and parcel of the campaign he
and others are making to disorganise
and - factionalize , the Democrats in the
house' .. , . ;
Cheaper Meats
May Be Secured
Chicago,- March 13. (IT X. S.)
Cheaper meats is one of the big hopes
for the public that comes from a 48
hour conference held here during the
past two days between representatives
of livestock associations of 10 states
and the heads of 15 of the largest rack
ing companies in the country. A plan
was adopted for the establishment of
a conference committee of the livestock
industry to be composed of 23 repre
sentative chosen among the producers,
packers and commission men. This
commission will seek settlement of
existing differences and work to cut
down the cost of production. ,
Car Knocked Into
River; Four Injured
Newcastle, Pa., March' 13. (I. N. S.)
Four passengers were injured, one seri
ously, when one car of an. accommoda
tion train on the Pittsburg & Lake Erie
railroad was knocked into the Shenango
river by a light engine at a crossover
here today. The coach fell into five
feet of water. Firemen were summoned
and holes were chopped In the car, re
leaning the dozen or more imprisoned
passengers. Three other coaches were
derailed and 'the passengers in them
were severely shaken up.
Portland Local : Branch, 13th and
S. C Ogsbury, Manager .
; aMsMsMBNBssMBSjsasss"- . - -
Prime Minister of Newfoundland
Says Dominions; Have-Advantage
Over United States. jbU
Montreal. March 13- (L N. &The
"position and" status" 'of "the oversea
British dominion at the peace confer
ence is far ahead of that of the United
States today, declared Sir William. F.
Lloyd, prime minister of Newfoundland,
th first oversea premier to return from
the conference. -
Premier Lloyd' declaration was In re
ply to the question; . v
"Are the representatives of the "over
seas British dominions satisfied with
their status?" . 0
"l don't know, why they would not
be." ne replied. "For our position -and
status, backed as we are by the British
Empire, is far ahead of that of the Unit
ed States. A far as the British repre
sentatives are concerned their solidarity
is complete, and when an agreement Is
once reached between Great Britain And
her dependencies, the whole power and
prestige of the empire goes together'
Concerning President Wilson. Premier
Lloyd Bald:
"The position of tne president is very
interesting in many ways. Mr. Wilson
in perhaps not any more popular in
Paris than a great many others, but
the great nation and her tremendous re
sources in coin and foodstuffs are al
ways to be considered in cases like .the
present. In a word, it Is not so much
what you are, but what you represent.
For instance, standing by the side of
Great Britain, the overseas representa
tives are considered by the American
people as superior in strength to their
Substitute for Saloon
Stockton. Cal., March 13. (U. P-.)
As a substitute for the' open, saloon a
social center is to be opened by the
Stockton Coffee club. Prohibition has
made this necessary, say the leaders.
Public subscriptions will finance the en
terprise. The plan is to make it aa at-
any School Children Are Sickly
Mothers who ralne their own comfort and the
welfare of their children, should never b without
a box of Mother Gray'a Sweet Powders for Chil
dren, for use throosbont the season. They Break
tip Colds, Relieve FfeTenshness, Constipation,
Teething Disorders, Headache and Stomsch .Trou
bles. Used by mothers for over 30 yean.
Irug Stores. Don't accept any substitute. AUt.
tractive as the former saloon for. pa
Strikers Supply Men
-.To Coal Transports
' New York,. March 13. (L N. &) The
tieup of transports in this city resulting
from the harbor strike waa ended . at
a conference this afternoon between
Colonel Harrison Kerrlck of the army
transport service and union leaders,
when the latter agreed to supply men
to coal the transports.
Seattle Banker Dies
Of Heart Disease
. Seattle. March 13.(1. N. 8.) Frank
W. Baker, vice-president of the National
City bank of this city and well known
Northwest capitalist and financier, who
came to Seattle in 1890 from Greenville,
Michigan, died suddenly of heart, dis
ease at his home here today.
Canada to Repeal
, Daylight Measure
""' ' ' A ' " ' ssvsMsssssssaM -
Ottawa, Ont, March 13.U. N. S.)
The Canadian government has decided
to repeal the daylight saving act be
cause of the bitter opposition from mem
bers representing rural districts.
Unquestionably the Best
Prices Are Always as Low or Lower Than the Figures Quoted Llsewhere on
Standard Quality Merchandise Every Item Quoted for Uur
957th Bargain FrMay Sale
Is an Underpriced Offering Savings That Demand the Attention of Every
Thoughtful Shopper For Instance:
A Wonderfully Complete Assortment Of
Women's New Spring Style
Neckwear at $1.00
j&See Our S pecial
4 Window Dispaly Jy' y" .
Not the common sort of Neckwear, but the. latest nev,nov
eltiesr beautiful beyond description. Included are Georg
ette Crepe Collars, Fjchu and Modiste Sets in white, flesh
and tan, hand-embroidered styles and -others trimmed - with
fine laces; also Wash Satin Collars, Sets and Vestees and the
same in fine Organdies, as well as Pique Vests and Sets,
Imitation Filet and Venise Collars, etc. A style to suit
every taste all on sale at $1.00. ;
EXTRA! For Friday!
Suede Finish Cloth -Gloves
at 79c Pair
A special underpriced sale of
.he popular Van Raalte suede fin
ish cloth Gloves all sizes In
white' and champajrne. Come
early for first choice. ,?
EXTRA! For Friday!
Nickel Shears
at 69c Pair
At the Notion Counter. 300
pairs of nickel finish shears in
6, 7, 8 and 9-inch size. Only a
limited number to sell at above
P"ce. " " ;.. IS .. '
EXTRA! For Friday!
Bleached Bath'
T ow e Is
at 39 c Ea. '
SO dozen heavy Bleached Bath
Towels 23 by 46 inches not
more than 4 to any one cus
tomer at the above price. . . . .
EXTRA! For Priday!
Cotton '
at $1.48 Ea.
A fine lot of 3-lb. pure. White
Cotton Batts made in one piece
72 by 84 inches. A. bargain at
this special price.
EXTRA ! For Friday!
' W o m en 9 s
at $238
These popular garments are
excellent style and fit are well
made and come - in both kbaki
and blue. ; .
Four Killed and 88
Hurt in February
Traffic Accidents
- Four person were killed on the streets
of Portland a during February , and 88
more were injured, according to the
monthly report of the traffic department
to the chief of police. Two deaths were
due to automobile accidents, and two to
streetcar accidents. Mrs. Mary E. Bow
ers was struck ' February 13 at East
Thirty-fifth street and Hawthorne ave
nue, by an .automobile In charge of Dr.
F. S. Post of 1132 Hawthorne avenue.
She died two days later at Good Samar
itan hospital. Walter Prlchard. 7 years
of age, of ,449 East Ash street, rollec
skx'ed into an automobile in charge of
William F. Dean of 388 YamhUl street,
February 22. He died two days later.
Guy IV Corey of 60S TiUamook street
tried to board a moving St. Johns car
February 1 and .fell beneath the trailer.
He died ! the same day. February 21
Julius O, Thayer, ? IT, walked , from be
hind one streetcar and In front of an
other at East - Thirty -second and Bel
mont, streets, and waa instantly killed.
A total of 389 ; automobile Occidents
were reported during the month and
3360 persons were ordered to report to
police headquarters for . violating the
traffic lawa Judge Roesman imposed
a total of $1930 In fines on traffic cases.
Values Are to Be Found
EXTRA! For Friday!
Infants' Silk
Stockings .,
at 39c Pair "
A closing-out sale of a fine
lot of Infants' Pure Silk Stock
ings iii sizes 4 to 6lj in tan ahd
a few sizes in black a most ex
ceptional offering.
EXTRA ! For Friday!
Children's Necklaces
at 15c Each
At the Notion Counter a spe
cial sale of -children's .1 4-inch
Bead ' Necklaces several - styles
to select from, j - One day only at
this special price.
EXTRA! For Friday!
Parisian and Pliese
at 25c Yd.
Dainty -White Pljsse and Par
isian: Crepes popular materials
for underwear and children's
garments. :
EXTRA! For Friday!
Women's - Wool
Sweaters :.
at $3.98 Eat
A clean-up of all broken lines
included are many of the best
styles most , all sizes and 1 col
ors. 1 Come: early for first . and
best choice. - -
EXTRA! For Friday!
Women's and Misses' ,
Middies .
at 79c
Odds and' ends in Women's
and Misses' Middies and Middy
Coats to close at the above low
price. Sizes 14 to 42. ; r. ,
(Therefore Insist Upon Gen
uine "Bayer Tablets
of Aspirin" - .
Millions of fraudulent Aspirin Tablets
were sold by -a Brooklyn manufacturer
which later proved to be compound
mainly of Talcum Powder. "Bayer Tab
lets of Aspirln,M 4he true, genuine.
American made and ATnerlcan owned
Tablets are marked with the safety
"Bayer- Cross." -
"Ask for and then insist upon "Bayer
Tablet, of Aspirin" and always buy
them in the original Bayer package
which contains proper directions and
dosage. " V ' -. . ' '
Aspirin is the trade mark of Bayer
Manufacture 5 of Monoacetlcacldeater of
Sallcylicacld. Adv. v. , ' '
at This Store! Regular
An Out-of'the-Ordinary
Showing and Sale of
29c Yd.
Thousands of. yards,
hundreds of shades and
clever color combinations
in the popular wide widths
suitable for hair bows,
girdles, camisoles, milli
nery, fancy work, etc. Sat
ins, Taffetas 1 and Moire
ribbons in all wanted new
and staple plain colors,
stripes, checks and light
and dark color combina
tions. All special values
at 29c a yard.
EXTRA! For Friday!
Chi I d r e n' s
,t-i .-J -
at $139
At this low price you have
choice from a fine lot of chil
dren's wool plaited sweaters in
sizes 3 to 5 years they come In
navy and cardinal.
EXTRA! For Friday!
Men's Socks
at 45c Pr.
Men's high-grade Black .Cash
mere Hose, made with .rein
forced silk mixed heel and toe.
M sizes an exceedingly durable
hose. . , . - .
EXTRA! For Friday!
C o m f o r t
at 19c Yd.
' A timely sale of 36-Inch Com
fort . Covering Cretonnes shown
in .an extensive variety of pat
terns. .. -
EXTRA! For f riday!
i Women's Shoes and
at $530 Pr.
In our Basement a special sale
of Women's Fashionable Shoes
and Pumps Jn patent, colt and
kid leathers All sizes here.
EXTRA! For Friday!
L eat Her -Purses
at $125
--."A ..fine "new lot of Women's
Genuine Leather, ,-Side- Strap
Purses' nicely lined and finished
especially underpriced. .
Store Opens
at 8:30 A. M.
at 9 A. M.
'Store Closes
at 5:30 P. M.
at 6 P. M.
414 East Alder,
Phones East 52
I -
The Most in Value The Best in Quality
"Su aWjv iu n J&.