Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 30, 1919)
. THE OREGON DAILY JOURNAL, . PORTLAND, .TUESDAY, SEPTEMBER 30, . 1919. Special Cables From The Journal-Chicago Daily News Correspondents GERMANY 1 T WORK TO BRACE UP HER FlNANC ES Finance Minister Believes His People Will Rally to Demands of Present Trying Hour. RAW MATERIALS ARE NEEDED American Products Can Have Big Sale Until Germans Increase Production. By Michael Farbman . Sperial Cable to Th Journal and The Chicago iHnly Nw. ICoPTrlght, 1P19. by t'liirag-o Daily New Co) Berlin, Germany. Sept. 30. When the German mark is worth only about 3 cents and the mad race be tween inflation of currency and cost Of living is leadins to the inevitable catastrophe; when speculation is rampant and capital ia streaming out of the country, thus still more endangering the financial situation; When the only means of combating a financial crisis is restricted, first, by the lack of raw materials, and next by the lack of willing work on the part of German workers, and, second; by the economic policy of the allies to diminish as much as possible their own imports; when at the same time the allied indemnity demands are growing to fantastic dimensions one is interested in knowing what the Gej-man finance minister, Matthias Erzberger, thinks about the situation. The first Impression you get when you attempt to solve the problem is that the finance minister is not thinking about the situation, but ia working intensely to Improve it. Indeed, when you apply for an interview, you are likely to be Invited to call at 8:30 a. m. My first thought was a pleasant one, as I mis took the Invitation for a breakfast ap pointment, but I was disappointed when I was asked to see the official at the ministry of finance. WORK GERM ANT'S HOPE The way Mr. Erzberger talks attacks Ms enemies or defends himself--proves 'bis extraordinary vitality. Most Germans j are now downhearted, hopeless, desper I ate or panic-stricken. Only the pan t Germans are as usual defiant. Erzber i aer belongs to the third and as yet small category of those who have ng time to lament and who know the situa tion too well to be defiant. He is aware J that the only hope for Germany Is work Hand that the only way to reconciliation lies through work. "Theoretically," he began, "there are two possibilities: Germany will recover j slowly by hard work or a new and more 'terrible crisis will ruin the country and recoil upon the rest of the world. Prac ' tlcally, however, only the first alterna tive remains. The will to work Is awak ening in Germany and she will soon , prove once more that she is a working ; nation." Mr. Erzberger is emphatic in the opin Mon, though it is now the fashion to put all the blame for the decrease of pro duction on the workers, that the idleness la not wanton but the result of over tiring and underfeeding during the war. " lie now sees hopeful sipns of recovery and Is sure that the illness will be over ' come sooner than the pessimists expect. IiECOVERY IS PREDICTED "Frankly," he said, "Germany will re cover quickly if the outer world, and especially America, conies to her help. With or without that help she will re cover." The minister gave no impression of defiance or easy optimism when he said this. He expressed the conviction that the instinct to live will bring: the Ger man people through. "If we get no raw materials." he con tinued, "then Germany must do as she did during the war put all energy and all force Into an increase of ber own production and find substitutes for the old raw materials. It will be a terrible way for Germany but It will also mean an enormous loss for the world, because once the German production Is based on her own raw materials Germany will cease to be a customer of America for the raw materials of today." As an example Erzberger mentioned cotton. . If Germany does not receive. elsewhere enough wool and cotton she must increase sheep breeding and by technical processes substitute something else for cotton. The experience gained during the war shows that this is by no means impossible, and in a couple of years American cotton might find no market In central Europe. MINISTER DEFENDS POLICY Mr, Erzberger was especially con cerned in showing that it is not only a question of other countries' willingness to send valuta (standard values). The pan-Germans assert that the fall of val ues Is the result of Erzberger's policy, especially In the proposed exchange of old banknotes for new. "This could not be true." said the mininter, "because the fall of monetary values was ftill more marked after that project was given up. To they not un derstand abroad." asked Erzberger bit terly, "that certain circles In Germany are attacking financial reform?" This complaint that the allies are wit tingly or unwittingly supporting the pan Germans I encounter everywhere. 'There are," continued the minister, "only two causes for the fall of mone tary values lack of Imports and inter national bear operations 'au grand' style. General experience and financial history show that low monetary values make International speculationx-ampant. These speculations during the French revolu tion are classical. In central Europe, and indeed In the whole world of fi nance, the monetary values question is one of great importance. The regula tion of the German monetary standard is exceptionally important in the world's economy. UNFAVORABLE EXCHANGE "After all. unfavorable exchange has the same effect as the highest protective duties and if the question is neglected will lead the world to an economic cris is amounting to a disaster." The minister then explained that i America could not trade in Europe un- i til the monetary question was settled, j The next consideration was how the problem was to be solved. He answered the question by saying that the first thing to do was to allow Germany to develop all the forces of her industry j . by obtaining enough raw materials and export faculties : secondly, by arresting the inflation of the currency which he was confident could be accomplished by a oapital levy, and thirdly probably the most important and speedy method by arranging with America to give Ger many a money loan. Mr. Erzberger spoke at some length about this loan. Such a loan, he said, would be of enormous importance to the United States itself because Germany to a very great extent would become its debtor. What significance that would have to the commercial relations of the two countries, to America's position in Thought One Clean Shirt AU He Needed "Ten years ago I was reduced to a mere shadow. I was yellow as a gold piece and would often be doubled up with most excruciating pains in my stomach. Physicians could only relieve me with morphine. I was advised to try Mayr's Wonderful Remedy and it helped tne at" once. What Is more, I have been well ever since. A friend said he thought one more clean shirt all I would ever wear." It is a simple, harmless preparation that removes the catarrhal mucus from the intestinal tract and al lays the inflammation which causes practically all stomach, liver and intes tinal ailments, including appendicitis. One dose will convince or money re funded. At all druggists. Adv. the international money market, to the promotion of peaceful relations and to the strengthening of peace was, he said, hardly necessary to elaborate upon. The action must be on a great scale in or der to have effect and must by no means exclude private credits. If America gives Germany such a great valuta loan then American merch ants can at once send to Germany any amount of goods, because -they can get the equivalent for them in their own securities. Such credit will at Once prove of extraordinary value to the American trade. Private credit could not solve this question. Only a state loan quickly and substantially Wilhelm Prepares for Stay . n k t . ? j Dutch Wondering What to Do put Germany on a paying basis and de velop a healthy business. Mr. Erzberger admits that the finan cial reconstruction of Germany is ex traordinarily difficult. He thinks the public abroad knows little about Ger many's miserable war finance. "How bad it was," he says, "will be By W. J. L. Klehl Special Cable to The Joe roil and The Chk-aco bail; Xewi (Copyright, 1919. by Chicago Daily Newi Co.) The Hague, Holland, Sept."" 2 9. The former kaiser of Germany has taken would i out 10,000,000 florins (14,000,000) in fire insurance on his furniture and personal effects in his new property, the Doom castle. The bid residents of that peace ful village and summer resort are any thing but pleased that the German court is being installed there. It is said that not less than 20 villas are being bought or hired, while others are to be built to accommodate the entour- Rhnwn. Tn cnvnr 17 f.Aft frftft HOfl marltM I (nominally $4.375.O00.0i0) Germanv had j a anfl to hou8e ne Lcourt carnages only G.000,000.000 marks (nominally ; and automobiles and to house the guards. $1,250,000,000) ordinary, and 2,500.000,000 I Th looal shopkeepers are delighted, marks (nominally $625,000,000) extraor- j hoping for a big Increase in their busi dinary revenue. At the moment of the i ness- military breakdown German finances ' Hot Nieuwe Standen Dag sees In had a still worse collapse because the j creased difficulties for Holland in the war loan policy could not be continued and therefore the last nine months fi nance was based exclusively on the note printing press. REMEDY BEING SOIGHT "The ready willingness with which the new parliament has voted this enormous taxation shows that the nt-vv tiarnaiiien lary majority Is aware of the tremen dous difficulties and is ready to put its whole energy Into ameliorating the fi nancial condition of the country'." This tribute Mr. Erzberger paid with great satisfaction. "The financial task," he continued, which I have before me is enormous. Still I hope to complete the great re form in a few months. The German people know that they have to make great sacrifices and are willing to do so in order to get the finances on a se cure foundation. Certainly for financial recovery the recovery of national econ omy is necessary. It is not enough for evidently Intended permanent residence of Germany's former ruler by which this country may be made the center of royalist intrigue. "Would such a state of things be tolerated by new Ger many?" the paper asks. It considers that the time has come for the govern ment to take action against the crowds of aliens, especially Belgians and Ger mans, who are making It more and ' more impossible for Hollanders to get I houses at moderate prices. There are : 53,000 Germans and 45,000 Belgians In j Holland. More Germans are coming j every day, and also Austrians. I "Something should be done," contin- I ues the paper, "against those who im peril the country, like the Belgian an nexationist agents, who have just start ed an anti-Dutch propagandist paper in Maastricht. And ought not something to te done in the case of the former kaiser?" their boms and colonial products while Dutchmen noted in commerce and science will lecture about openings for closer trade relations between Holland and Sweden. In this connection I learn on good au thority that a syndicate of Swedish business men with a capital of 30.000. 000 crowns ($7,100,000) at its disposal is being formed for operations in the Dutch Indies. The intention is to buy plantations and convey their produce home in the syndicate's own steamships. In many respects the organization Avill resemble the old East Indian company of Gothenburg which once played so im portant a part In the Swedish foreign trade. This Dutch colonial week is receiving much publicity and It seems likely that it will result in the transfer of a large part of the trade in tropical produce from the hands of other nations to Holland. Lithuanian Reveals Germany's Double Dealing in Baltic By Bassrtt Dlgby Special Cable to Tlie Journal and The Chicago Daily New. (Copyright. 1919. by Chicago Daily News Co ) Stockholm, Sweden, Sept. 30. Ger many's double dealing schemes in the Baltic states in preparation for the re covery of her former domination over Russia have been placed in the limelight by the Lithuanian government's repre sentative to Helsingfors, Colonel Benie schievitch. He says that the Keller corps is a combination of Germans and our people to regain the will to work ; j Russians whose aim is to destroy the they must be given the possibility of working. I believe in the German people not in those who make defiant speeches, but in the workers with hand and brain those millions who by their work made Germany great two decades before the war. That is my only hope but I am sure that it is not a small hope." reconstruction work In Lithuania and Lettland with a view to converting these countries into a subsequent causeway uniting Germany and Russia. Certain interests, he says, have pro vided them with ample funds. The members of the corps wear the German uniform with Russian shoulder and cap I badges. A group of 25.000 has joined General Von de Goltz' "iron division" in Iettland and another group 'In Lithu ania is commanded by General Bermoit. General Wersolitch commands the Keller corps. Nominally it Is under General Yudenitch, but it refuses to obey his orders to go to the front. The Lithuanians are doing their ut most to persuade the entente to insist on Germany's withdrawal from their country. Holland Extends Her Trade Activity In the Dutch Indies By BassMt Dlgby Special Cable to The Journal and Tbc Chicago Daily News. (Copyright, 1919. by Chicago Daily News Co.j Stockholm. Sweden. Sept. 30. Holland is taking energetic steps to extend her colonial trade by developing the Dutch Indies through attracting certain cate gories of foreign capital. The Dutch authorities during the coming week will open in Stockholm an exhibition of Mexican Consul to Charter Steamship Line From Germany By Oeort-e Witts Special Cable to The Journal and The Chicago Iaily Ntwit. I Copyright, 1919. by Chicago Daily Xew Co.) Copenhagen, Denmark, Sept. 30. Spec ulation is rife here as to Washing-ton's attitude toward the reestablishment by President Carranza of Mexico's consular nd oemmprioal relations with Germany as proved by the arrival In Copenhagen from America of Enrique Gonzales, who was appointed by the Mexicain govern ment to take charge of the Mexican consular offices throughout Germany. Mr. Gonzales passed through here today on his way to Hamburg, where he will negotiate with the large German steam ship lines for the charter of a fleet of ocean-going mercantile vessels. Mr. Gonzales readily admitted his mis sion to Germany and added that he would eventually proceed to Moscow to enter into negotiations with the soviet government with a view to bringing about the resumption of diplomatic rela tions between Russia and Mexico, Pres ident Carranza Is almost ready to give recognition to the Lenin-Trotzky gov ernment. He said a Mexican consul sailed from New York early this month LOW PRICED MEATS AT CONSUMERS' MARKET These prices for tomorrow only Be sure to be here. Why pay high prices? with passports designating Switzerland as his destination. The cost of the war to the United Stales in man power Is now estimated officially at 116,492 deHd and 205,680 wounded. first-quality POMPEIAN OLIVE OIL Sugar-cured picnics, lb. only 25c : choice. 1 tender steer beef, round and sirloin 20c ; Genuine lamb chops, lb. only ;c lamb shoulders, lb. only 1.V Steer beef pot roast, lb. only. . . .12M..C j Tender young steer beef. T-bone. lb. only 3(V ; I,egs of lamb. lb. only 2."c J Steer beef boil, lb. only. ' t0l Bologna, or liver sausage. lh 2o Now be sure to find the richt place. ' We are Just around the corner out of the hish rent district. ' CONSUMERS' MEAT MARKET. ! 185-187 3d St. j Bet. Yamhill and Taylor. 'always fresh Makes Rich, Creamy, Mayonnaise Dressings Soli Everywhere ETfilo hats this is a season of lightweight felts and the style of a lightweight hat is only as good as the quality which backs it. knox traditional quality has backed up the knox styles for eighty two years and it is backing up these styles in soft felts for fall 1919 in a won derful way made in america, too. eight dollars and up. IcHiel men's furnisher and hatter -exclusive but not expensive 331 Washington street, near broad way llillllllllllllllllllllllll 7 MY STORE will be closed Saturday, October 4, until 6-o'clock in the evening, in observance of a Jewish holiday. I shall be glad to have ray customers do their Saturday shopping after the store opens in the v PORTLAND , OVERCOATS and Suits for Young Men Sturdy, stylish, serviceable clothes with a pedigree; such are the clothes I show for young men such are the clothes on which I am willing to place my label. 9 You can buy and wear without hesitation clothes like. these, for my label acts as an auto matic clothes-insurance policy; your money goes back to you if you're not satisfied. Come in and let my young men show you the best ready-for-service clolhes made in America. $25 to $75 Young Men, Second Floor TQen JiMorrtsonStreetai Sellind FburtttCS ' HXt lSoe nnm-w that skin eruption will relieve it quickly Cease tampering with that painful eruption. Apply a healing and sooth ing ointment that has the power to sink in and correct the trouble. Resinol Ointment aided bf Resino! Soap usually clears away such affections quickly and thoroughly. Sold by Enteritis. Far frtt tMmftsa write KiitmcJ, Smilumert, tfd. I Treat Suc cessfully, and For About Half the Usual Prices Diseases of Eye, Ear, Nose and Throat, Lungs, Heart and Kidneys. All female disorders, blood and ! skin diseases. Piles. Goitre and Rheuma tism q u i c If 1 y re lieved. Complete gen eral practice. I have all the modern equipment nec cessary to insure you first-class medical and surgical attention and, remember. I save you about SO per cent DR. N. CLAUDE HAMPTON PByslrlaa and Rarireoa THIRD A?TD WASHINGTON STS. Hoar: 1 A. M. to 8 P. M. OFFICE FHONE. MAIN ; RESIDENCE PHONE.... EAST S1 IIS AND 71S DEKCH BlILDtAG Shop around and then compare both the quality and prices you find with the Emporium offering. Not a day passes but some woman buys from us at a big saving over what she would pay elsewhere. You, too, will find our prices surprisingly low for the high quality of the goods. Suits And What Suits- On each of these suits you save from $5 to $10. you should buy suits of similar quality at other stores, you would pay that much more. Even we should have to ask more were we to order duplicates now, for wholesale prices have increased enormously since we bought. Good quality wool poplin in semi-tailored style, with bindings of military braid. Brown and navy. Excellent value. Excellent quality of materials tricotine, serge and velours both severely tailored and modified versions of fashion's latest ideas. Navy, brown and checks. $3500 $39J At this price you will find such a wide range C .00 of fabrics and designs that in choosing yourvtJ-JJ suit your greatest difficulty will be to decide between them. Superior qualities of serge, tricotine and velours in navy, brown and burgundy. Really exceptional suits at this moderate price. 50 J ijl Attractive $OQ. I and Durable Utility is what these dresses were de signed for, but they present such a charming appearance that you would not guess it at first. There are many pretty styles in satin, serge, tricotine and velour, with the little touches of individuality that mark them as fash- For Winter Wear Two groups of coals suitable for practical wear, yet boasting a becomingness of mode, too. One lot is of heavy mixtures, silvertones and velours in brown, gray and navy at $29 ion's own. Serviceable tweeds as well as the heavier velours, silvertones and double-faced ma terials are shown in green, brown and blue, at Ooed ranpe ef lze for the -woman of large figure. The Reputation of Emporium Blouses Is one we are quite proud of. You are never disappointed in them. The excellence of ma terial, style and finish can always be depended upon, as many satisfied patrons testify daily. A group of pleasing styles in ceort;ette and crepe are particularly inviting to the woman who" loves pretty waists, yet ap preciates buying them economically. White, flesh and suit shades in interesting modes are included at Hats Modestly Priced $5.00 to $13.50 THIRD J LOOK The woman who admires fash ionable hats need not be alarmed by the talk of high prices, for on our third floor is a wonderful assortment of hats small hats, large hats, draped hats, tailored hats in short, any kind of hat she wants, and at prices attrac tive in themselves, r'or even $S you may find just the simple lit tle hat you want. Too should are thrm and be eoBTlneedof their worth. The Emporium will be closed Saturday, October 4, on account of a Jewish holiday. If our friends and patrons who ordinarily shop on Saturday will bear this in mind they will not be inconvenienced. We would sug gest shopping early in the week, when the Emporium will be ready to serve its visitors quite as usual. Your cooperation will be greatly appreciated. 124128 SIXTH STJUST OFF WASHINGTON