G
THE OREGON DAILY JOURNAL, PORTLAND, TUESDAY, MAY 18, 1920.
ALLIES FINALLY
ACCEPT WILSON'S
WAR DEBT VIEW
By David Iiawrenoe
.' j(Cop7richt4. isaft.)
Washington, May II. Europe is
setting down to brass tacks, or
rather, economic sense is overcom
. tag the ' sentimental ism which has
kept the silled world from recognis
ing; that until the amount of the
German indemnity was fixed and
ways .were discovered - of assisting
Germany to pay the same, . recon
r struction would be held back indefl-
. - nitely. 1 P : ;.-f : - J-'V.
That is he interpretation .which our
-; officials put upon , the latest conferences
between the allied premiers prior to the
conference with the Germans at Spa.
1'JfITED STATES 15 DARK
Sot it must be said at the outset that
i the" views expressed at the treasury de
partment, where the writer made sev
eral . Inquiries today concerning the
' momentous decisions being made in the
Kuropean conferences, are " based en
tlrely upon a reading of the morning
'newspapers.
; Significantly and Indeed, regrettably.
the United j States government does not
know a thing about what is going on in
the important financial ' conference
which Indirectly relates to the whole
economic situation of Europe and the
United States the value of bonds and
securities and the opportunities for the
foreign trade.
Treasury officials said It was an un
fortunate confirmation of what they had
been saying right along, namely, that
Europe was being compelled to settle
the world's financial affairs without
havng the benefit of. America's advice
or suggestions,
WILD BCMOBS SPREAD i '
"While It is true." said one of the
'.treasury officials, "the United States
need not accept the settlement when It
is made, we will hardly be able to raise
much of a clamor when Indeed we are
ready." !.-.'.' ..
To be sure. oup--officials take with a
grain of salt some of the cablegrams
. which Imply that: a new principle' of
payment of Interallied war debts Is to
be introduced.
For Instance, one press dispatch de
clares that ! France will not be obliged
to pay England what she owes the lat-
. ter until the Germans make their pay
ments on the war indemnity. This might
conservatively be extended to apply - to
American indebtedness, thus making the
United States wait for Germany's pay
ments before England or France pay us.
But treasury officials say this is ab
surd. -They declare that there is abso
. lutely no relationship between repara
tion and war indebtedness. .f - ,.
FBAKCE MYIHG HIGH. ' .
j They recognize that payments of German-
reparation money might acceler
ate the payment of interallied debts and
insist that the reparation .money Was
never intended to pay the bills of the
. War itself, but rather to rehabilitate
France and Belgium and England and
assist in the domestic situation of each.
To the extent, therefore, that Germany's
money helps France internally, it will
Improve the whole world situation,
though It Is feared here that there will
not be muoh Improvement In' France
until the latter ceases issuing so much
' paper .-money and begins to make .. her
budget balance. ' "
Incidentally, some of the talk of hav
ing American Investors absorb German
indemnity bonds which are to be issued
with the reparation money as security.
Is pronounced impractical here. Amer
ica, It is asserted, cannot absorb any
such bonds, as she has not the money.
WILSON PROVES RIGHT
Broadly speaking, there Is the ujmost
satisfaction here thit the allies are en
deavoring to agree among themselves
before they approach the Germans at the
Spa t inference. It Is felt that the allied
premiers , enter the conference with
changed atutuoe towara uermany. .
Fully a year had to pass, unfortu
nately, before the allies were brought
around to a realisation of the correct
' ness of the viewpoint expressed by Pres
ident Wilson and his financial advisers
at the Paris peace conference, namely
that the sooner a definite sum was
fixed for the Germans to pay and the
sooner" arrangements were made to help
Germany earn the money - te pay her
debts, the quicker the world would get
back on Its feet. - '
INDEMNITY SHRINKS ' t
Three factors prevented Europe from
, VICTOR
Records
THE LATEST
POPULAR SONGS-
18658 Hand in Hand Again...
..By Campbell and Burr
All That I Want Is You.......
By Charles Hart
18653 Buddha. . .. ..By; Peerless Quartet
Let Me Dream... By Sterling Trio
18660 Hiawatha's Melody of Love..,.
!- ...By Sterling Trio
A,wy" Falling In Love-
With the Other FelloWs Girl...
i .........By Elliott Shaw
18656 Just Like the Rose.............
. ... j ......... By Charles Harrison
Daddy, You've Been a Mother
to Me By Henry Burr
18657 He t Went In Like a Lion and
Came out Like a Lamb
. j..........;... By Billy Murray
How Sorry You'll Be ( Wait ll
lou See).,.... By Esther Walker
18652 I'll See You in C-U-B-A. .
- ..By Billy Murray
That's Worth While Waiting -
. For By Billy Murray
45176 Irene. By Edith Day
Alice Blue Gown..By Edith Day
CRJoHHsoiiPiAiiaCo,
. 14 Sixth Street
Bet. Merrlsoa aad Alder.
Miller & Tracey
Best Funeral Services '
Main 2691 578-85
doing 12 months ago what she is ac
complishing today.
First Prime Minister Lloyd' George
had mads an election promise to the
general effect that Germany would repay
everything for her whole war cost. This
raised high hopes in. England and kept
Lloyd George In power. This election
prr-mise is probably the most famous in
all history and was vaguely referred to
by President .Wilson in his conference
with the senate foreign relations' com
mission.. .. J : - '
The publication of this by the finan
cial advisor who, revealed the secrets
of the Paris conference, has bad a tre
mendous effect on England's, public
opinion, which realises now that the in
definite nature of the indemnity ques
tion, has kept and would keep Germany
from beginning to earn the money to
pay her bills. The allies" know they
must accept a much smaller indemnity
than they had advertised, they would
collect.' . - ; "
ALLIES ARE AGREED
Second France "was another barrier
Premier Clemenoeau, who shared the
view of a multitude of Frenchmen that
Germany should) promptly rehabilitate
France before any- money should go
elsewhere. Clemenceau's Ignorance of
economics Is spoken of by officials as
III::
one of : the greatest obstacles to an
earlier agreement o the Indemnity.
Third The United States got tangled
up In party politics and Europe waited
hopefully for -the ratification of the
peace . treaty. : i i , ,.
All factors have now been removed
except one. ? England Is ready to agree
to a fixed sum for the Germans to pay
and to a method o financing the Ger
mans. France and Italy are in accord
with the British viewpoint, j
AMERICA LEFT OUT :
The United States alone Is outside the
conference chamber nd ' this, coujntry
holds $10,000,000,060 of European obliga
tions. But Europe has decided that she
can wait: no longer. ; e -. ;"'
If America suffers as a restilt of the
settlement, that is her lookout. '-'
Europe' has had enough of jelection
promises and tangles in the case of Eng
land. She doesn't expect a definite
policy from America.: until after our
presidential election. ' Unquestionably,
she will advise the .United - States, of
what is done but thus far not a syllable
of official information has come, for the
good reason that America has nobody on
the. Inside of the conference and until
the peace treaty Is ratified the United
States government will continue to be
on the outside. 1 . i . i
COojou want
a
clear
Give Resinol Ointment and
Resinol Soap a week's trial,
and note the Improvement.
The bland, healing balsams
in Resinol help it to rid the
dogged pores of impurities
and allay inflammation,
blotches and roughness. It is
especially suited to delicate
skins, i ' J :
t . !
Snfftrcr from eczema or other itch
ing skia troubles will find quick relief
in Rexinol Scarp am) Resinol OintmoU
Yftr dntffut tUt Ikttm. , '
skin J A V
Mock Marriage at .
Sea May Prove -Tie
, Legally Sanctioned
- San Francisco, May 18. Having
played with fate by a mock marriage
aboard the Persia Maru. which 'arrived
Monday from the Orient, M. S. Brown
old. mining man of New York and
Canton, China, and Miss M. F. Ayrer,
a member of the bureau of education in
the Philippines, may find that fate has
turned" the Joke on them.
. The young couple were "united" by
S. W. Bass, a member of the board of
education, for the ' amusement of the
passengers. It developed that Bass once
was an ordained preacher and the ques
tion has arisen as. to whether or not
the marriage at sea may be held a legal
ceremony" v
Complicating the affair la the fact
that-Miss Ayrer, according to her state
ments to passengers. Is returning home
A New Mea
in Deatisfcy
CCPARKEB
NEW ideas alwajrs meet with op
position. Some are opposed to
dentists who advertise. Others oppose
the idea of practicing dentistry on a
large scale r Still others look with
(disfavor upon I any departure what
ever from old methods. 4
The E. R. Parker System in dentistry-
is a new idea that is not
opposed when it is understood, be
cause its. use gives the people better
dentistry for less money. It is the
idea of several dentists working to
gether, each doing that kind of dental
work in which he is most skilled, i It is like the idea of an
orchestra, where each man plays the instrument he has
learned to play well. r k f . ; ; -
: The E. R. Parker System is advertised so the people
may know where their teeth can be skillfully cared for
" at prices they can afford to pay. You are invited to call
and see how the Parker idea has improved the practice,
of dentistry in many different ways. - - .-
. Registered Dentists Using the
E. R. PARKER SYSTEM
' ; ,. ,: .
, r. A. B. Cage - lr. F. N. Cfertteaiea
: . . Br. A. R. Mitchell ' Br. A. B. Stiles
' Br. C. R. Beasett : " Br. A. V. Besss
- 326 Washington Street
iiiiiiiiiiiiimiiiiiiiiiniiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHiiiiiiiu
A Downtown Store That Offers Merchandise for Less! Why Pay More Than Our Prices? 1
Men's 'Union Suits
.Special $1 ,
These are reeular Ji.50 values In
balbrigan; .. short sleeves, ankle
length; pearl button front; closed
crotch. All sizes ; from 36 to 46.
A barsain! . . :
First, Second and Alder Streets I !
Men's Dress Shirts
Special $1.79 v
These are in fancy stripe patterns
regular 2.50 valuesl They have
detachable collar to match, and we
have them in sizes i 4 to 165.
Forceful : Mid-Week Opportunities
. Offered to All the People by Portland's Greatest Bargain House!
Take Full Advantage of These Important Money-Saving Specials!
A Three-Day Sale!
Men's Worsted Suits
Manipulated Hard-Finish
Regular $30 Values
$19,85
A fine range of patterns, three-button conserv
ative models" with linines of alpaca or serge. A
wonderful value, men! Think of a good suit
these days at only $19.85! Come in and see
them! ; ' :
Boys' JCnee Trousers
- Special $1.98
Values to 2.75 for boys "of 7 to 17 years;
made of tweeds and worsteds; full cut. thor
oughly mde. Just the trousers for theboys
summer wearingl
Lifetime
Aluminum Ware
Prices Less Than Other
Stores Charge for
Inferior Grades!
"Supply yourself for the canning
our money-saving pricest
Regular 3.6$ six-quart Covered
Kettles .. ... ........
Regular 3.25 six-quart Covered
Sauce Pans
Regular 4.50 Tea Kettles,, spe
cial at .................... .
Regular 3.25 three-quart Rice
Cookers, special at . . . . .-. ... . .'.
Regular 3.65 six-quart Preserv
ing Kettles
Regular 3.55 Assortment 1, 2
and 3-quaft Sauce Pans.. ......
season at
$2.79
$2.79
$2.79
$2,79
$179
$2.79
Two Extraordinary Specials
From the Dry Goods Section
Honeycomb Bedspreads
$3.48, $3,98, $4.75l
Three big groups for' your choosing! Full bed size. Excellent
quality offered actually below present wholesale costs! Beau
tiful patterns. -
I
Novelty Dress Silks
Values to $1,50; Yd.
;79c
w mmm aMMMMMa mbh
to wed s man now living at Austin.
Texas. This man woecT-Misa Ayrer in
the Philippines two rears ago end re
turned home recently to prepare a home
for hie prospective bride, -( '
' Miss Ayrer lau?hlngly denied that she
was engaged to Brownold, but Brown
old himself expressed the hope that the
mock ceremony might prove binding.
Brownold is on his way to New York
Miss Ayrer plans to go to her home 16
Fan AntonfcvTexas. ; Bass is on his way
to .become an instructor at : the. Univer
sity of Texas at Austin. T
Town Topics' Editor Die
Morrlstown, N. J, May It. Colonel
Daltonl Mann, editor . of Town Topics,
died at his home here last night at the
are of 81 years, succumbing to an attack
of Influent.
Swiss engineers have convinced Rus
sian officials that It Is possible to bore
a 18-mile tunnel through the Caucasus
mountains and link the Black and Cas
pian seas. j- i
... :-NW I'tP ; no I ol)f?lv-
llllllllllltllllllllllllltllllllllllltlllllllltllllllllllllllllllltllHUlIIIIIlIlllIIIIILS
Steady Persistent
! Saving
is important; not alone for the ma
terial results, but for the ' less - tand
ble moral and spiritual results. The
habits of clear judgment, of thought
ful ; looking ahead, of planning for.
investments, are ones that make for
strength of character.
As an incentive, and assistance to
saving1, nothing is better than a home
savings bank, kept in a prominent "place. The one illustrated holds all
sizes of coins, and also bills,
your money draw interest! '
Bring'it ki once in a month or: so, and let
Ladd &
Oldest
in
the Northwest
TlLTON
Bank
. Washington
and
Third Streets
raliiilliiiiiiiiiiiiiiiiiiiilllliiillliiiiiiiiiiitiiiiiiiiiiiliiiiiiiiilllilllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllillllllilk-
Broken lines from regular, stock offered at a fraction of' normal
price All 36 inches wide.; An opportunity for the woman
who wants a good-piece of silk at a bargainl
j Adjustable Window Screens
I At Prices That Save!
12x33: Screens 55 15x33 Screens 75
18x33 Screens 85 18x45 Screens 1.00
24x37 Screens 1.15
! Screen Doors $3.35, $3.50
These are heavy screen doors, 2 feet 8 inch by 6s,feet
8 Inch size. Protect your home for the summerl N
! Complete Stocks Fly Screens i
P'' Black and Galvanized 1
j ' at Prices That Save Money!
Women's 5-EyeIet Ties
Only $4.98 Only
At this wonderfully low price we offer black kid oxfords with flexible
soles and military heels; stylish, dressy shapes. Also the sarhe style
with French heels. Every size from 3 to 8.
; Same in Brown Only $5.45
. . Women's White 5-Eyelet Ties
Only $3.49
We offer White Sea Island Oxfords with hand-turned sores and French
heels; also same. style with military heels. Also same quality in stylish
pumps.. 'All sizes.
You Save $1.50 the Pair I
Children's Patent Mary Jane Pumps
Only $1.69
- All Sizes From 4 to 8
mmmiuiimmiHHiimmimimiiim
-
and in the
summer drink plenty of
MILK
MILK IS THE IDEAL
FOOD for children at all
times, but. particularly jn the
indolent, sultry days of early
summer. :
COLD LUNCHES WITH
DELICIOUS COOLING
MILK drinks will supply the
added energy (needed to
withstand the beating heat
of the season.
MILK IS ECONOMY,
TOO. It gives more food
value for die same, monev
than any other food produc'
Why not call up your dealr
right now, and order aft e
tra quart a day for the sum
mer.
i
i i - i