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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Aug. 26, 1920)
f THE OREGON DAILY JOURNAL, PORTLAND; OREGON THURSDAY, AUGUST :: 26. 1920 5 AMERICANS MUST ECONOMIZE. SAYS K RA VANDERLIP .' ," By Floyd Mac Griff ( Copyright, 1920, by InUrnitioott N New York. Aug. 26. (I. N. S.) Inherently, the American business outlook ia sound, but the next six years cannot be so bounteously proe 'peroUs as the past six which were Inflated owing- to unusual war con ditions and unless the people cur tail luxurious extravagances, F there Will be difficulties ahead." i : : That summarizes, in a paragraph, the views of Frank A. Vanderllp, one of the foremost financiers in America, who discussed for the Internationa; News Service the business outlook of this nation from a broad standpoint. ' : MIST WAKE UP There is little prospect." he said, "of America retaining its. present volume of foreign ' trade unless American ex porters, as a class, become more than amateurs and change their methods. "I do not see how this country can enjoy as great prosperity during the next . six years as in the past. i I see no evidence as to why there can be such a continuance. "The sooner this nation realizes that and gets back to the hard facts of economic life and to a sounder business morality, the better it will be. "Artificial conditions, the outgrowth of the war, which have been making our national life so extravagant, must be curtailed. . "I do not mean by this that the work ingman ia not entitled to fair pay for . ait honest day's work. Nor do I mean wage- increases have not been essential. DOLLAR VALUE SAGS "I think one may safely figure wages and: other expenditures on a basis of "two and a half times those of 1914. Where a dollar was spent then, it now . is neccessary. I find in ray own affairs, to spend $2.50. "But the point is that we should start -i-not necessarily or by any means with wage to reduce expenditures. . .j .. , "Everyone seems agreed that sUcb a move should be made but he is waiting for the. 'other fellow' to make it. Cutting down the high cost of living is all very well, the average person agrees, except when such cutting interferes with his own profits. "Not only in our business life but In our: private affairs, I believe we all should strive to be more frugal." ; "Is the American business outlook to day inherently sound?" he was asked. "Business in this country." Vanderllp explained, "is . largely dependent upon crops. There will be bounteous crops this year, especially of those crops har vested in the latter part of the season. ) BIG CROPS BRACER. "Bumper crops tend to protect the United States from Industrial depres sion In the home market. 1 !" "How-about foreign trade?" he was ..asked. '': ''- "Our foreign trade "gradually is de clining, as figures issued monthly show. Wiih the exception of a few American industries with their own distributing organizations abroad such as the Singer Sewing Machine company, ' the Remington Typewriter company, the Standard Oil company and the McCor TniCk Harvesting Machinery people we are amateurs as compared , with Eng land, in foreign trade. - i , There have been too many American X usineBsrnen w ho have failed : in their own line, who think they can become successful exporters. With no study, of the market they are trying to serve abroad, without catering to 'the individ ual or peculiar-; wants of the foreign .buyer ar.d without keeping themselves adequately informed as to world trade condition. j J 'They are Interested chiefly in the first shipment' which often may prove the last under such circumstances. Con sequently such exporters are doing our foreign trade incalculable harm, for for eign buyers will not put UP with such dealings longer than necessary.1; They "will buy elsewhere.. J '; , IMPORTS KECESSARt " - "Another thing, we can not continually send abroad in the present volume un less we begin to take goods in exchange." "Would you knock holes in our tariff wall?" Mr. Vanderlip was asked. ; I ."That will not be necessary," he an- swered. "Persons "interested in develop ing our foreign trade might do well to consider the policy of British manufac turers, who take great pains in pleasing foreign customers. In specialising in their respective ways and fostering :perma- : nent business relations through 'repeat' orders."- P . t ; Mr,- Vanderllp held, however, that the chief reasons today why American for eign trade was falling off were that Eu rope's initial hunger for American prod ucts, due to their war-recuperation work, .has been partly satisfied and that many European nations have exhausted' their .credits here. :i' ' j Hall Gas Floor Heater So Fames Xe Dirt!:. : j Clean Healthful i , Pomace Heat I ' ' , WTKODUCTOHY PBICE 1 $65 Hall Gas Furnace Col 187 PARK ST. Jait' Seat of Morrlfoa Mala J06i Miller & Tracey Adult Caskets $30 to $1000 Main 2691 578-85 I 1 J "Merchandise of Merit Only" 1 Charge Purchases Made Friday Will Be Billed On Statements Rendered October First Furs lamRets August Sales End Saturday Sclnool Sales The Go-to-School Parade Starts From Lipmari-W olfe's Boys! For Two More Days New 1 r .75 Fall Suits 5 Suits in the styles, the ma terials, the colors that boys will want this seisoh Trousers full cut and lined with taped seams. Cor rect and dependable in every particular and the price :s very special. Sizes 7 to Flannel Shirts K. & S., Bell Blouses Far Friday and Saturday Only , Boys' Neckwear School Caps' . . . 2.35 1.25 ull 17. . .39c $1.35 Wool Mixed Knickers $2.95 'Medium and heavy weight trousers of the very best wearing fabrics, full cut and full lined, with taped seams. Sizes 8 to 17. -Fifth Floor, Lipman, Wolfe & Co. j For Girls A Specialized Section of Blouses, Middies and Smocks New Blouses Featuring dashing new mod els in dots,-stripes and fine checks pale pink blue and " maize, also white. - Long or short sleeves and just right, down to the tiniest clever detail for Miss 14 to 16. $3.50 and $4.95. New Pongee Middy Blouses $3.95 New Pongee Smocks $5.95 The Middies have sailor collars and short sleeves. ' The Smocks are distinctly sub-deb. in effect with touches of hand- emproidery and smart sashes. Special! Bloomers 59c SKETCHED j Skirts $2.75 Of navy blue serge with band or elastic top and elas tic at knee. Sizes 6 to 14? Girls' Black or White j Bloomers 75c to $1 -Pleated Serge Bloomers for women and girls,. 54. 95 to $6.50. Of white jean, pleated on waists. Sizes 6 to 14. Pleated Skirt Of serge and plaids, pleated on waist, sizes 6 to 14, $3.9$, 4.95, $5.95 to 10.00. i Fourth Floor, Lipman, Wolfe & Co. O i 1 n 1 1 TN - ana ocnooi uays Mean Bigger Wash Days The children all, i from the little tots stumbling over their; A-B-Cs, to the exalted high school seniors, must look theiri best in the classrooms. ' i i 1 NJrm mnr thin f anw -tfhf i!m vm, nj.H 1 . ' w T ... V a mum.. & it J v,,.vi t.A.W, J Wl tlVVU ! The Eden j Electric Washing Machine for the EDEN takes all the rub out of the tub and cleans everything better than rubbing. The big, sanitary zinc cylinder of the Eden lifts all clothes, blankets and Jinens gently up and down through hot suds in the same way careful women wash, their daintiest silks and laces, laving time, enerry and clothe. f A FREE i TRIAL ts Gladly Offered : and YOUR OWN TERMS Encouraged 1 - . Ask for Demonstration ' Electric House,' Seventh Floor, Lipman, Wolfe i 1 i c I Everything ? Cf'o") 00 J SO Everything For Cash oUpinan WolXe (SO LO, For Less I Ic'MerchandiseofcMeritOnb J K '- Friday Final -UP fie Summer Season And Two Sales of Goods Damaged' by Bursting: of City . Water Main SILKS Sacrificing 1398 Yards More or Less Damaged by Water All to Go Friday at And we could not duplicate this lot of silks at two to three times the Friday selling price. They have all been refinished and put in usable condition. In cluded are : ; Taffeta Pongee Florentine Messaline Black Silks Checked Taffeta China Silk , Tricolette . i Colored Pongee Velveteen No phone orders, C. O. D.'s, returns or approvals in sale. . : ; . CZ-' Come early, join the crowd at the door and get the bargains cf all. - . ! ECONOMY BASEMENT, Lipman, Wolfe & Co. i i i - this J 'fe I I: 14 - - - best r -:. I s 1 . : , - Pictures and Picture Frames ---Hundreds of framed pictures in the dam-aged-by-water sale at less than the regnlar cost of the frames--and frames at about cost of the glass; Choice in three groups at 39c 49c 69c Color reproductions of the old masters and of modern paintings, beautifully framed, many in carved effects. - . v , The picture frames are in all regular sizes and finishes; fitted with glass' and back. No phone orders, C Om D.'s, returns or approvals and no deliveries, "Extra space and extra salespeople. .ECONOMY BASEMENT, Lipmir,, Wolfe & Co. IK rn lv Clean-up of All Summer Straw HATS 25c Women's-Hats in black and colors, all good s h a p es, mostly un trimmed. ECONOMY BASEMENT. Wash Goods Remnants The natural accumula tion of odd - lengths of very desirable White Goods and Wash Goods of every description; lin ings, flannels, etc. No soiled or damaged goods in the lot; just good mer chandise for which you can find a hundred uses. 1-4 to 1-3 less. ECONOMY BASEMENT. Manufacturers' Cleanup v Porch and Dresses of New Porch and Street Best. Purchase We Have Made in a Year to Sell i at Anywhere Near $2.95 j No, these are NOT just house dresses ; as , you might judge from the - price - ' , they are - -j- Truly Charming Porch and' Street Dresses, Such as You Would Be Glad to tind at Double the) Frice Of plaid and checked percales 'and voiles in harmonious colors with white organdy or embroidered collar and cuffs. Sizes 38 to 44 and all are new and fresh. Come and, choose before they are picked over. . r I ' " j i . . I ECONOMY BASEMENT, LipmaiH Wolf e & Col , - SKETCHED An Odd Lot of lorsets Extra (T Special j Sizes 20 to 27 Not - all" sizes in all styles. Some have elastic at waist line, all are low at bust with medium or long hip. Bandeaux 25c Hook-tront style, brok en lines, in sizes 34, 40, 42, 44 and .40. G I R ILS School (J -j rj( Dresses D -L el V Sixes 6 to 14 Plain and plaid gingham Dresses in waisted styles, very exceptional at 1.79. Sweaters at Odds and ends of Girls Sweaters, excellent quatity in wanted colors. $5.45 -ECONOMY BASEMENT. Women's Cotton Vests 39c White ribbed vests, low-necked, sleeveless and perfect fitting not all sizes, and extraordinarily reduced on that account.. ; s j not all sizes, but a good selection nevertheless, .and an D-! Knit union suits and nainsook, athletic style suits. " not all sizes, but a Unions unusua,'y ,ow Pri j Splendid quality cotton ribbed vests, sleeveless and lYllSSGS with low neck. Some sizes are missing, but the 3 for 40c, or 20c each price makes it worth white to come and look. ' ' . ' ' . - ! Vests Mi Knlt cotton of a superior grade makes! up this un "155e usual lot of very specially priced underwear. Not all Pants sizes. 39c 20 c "29c ECONOMY BASEMENT, Lipm.n, Wolfe & Co. . j Women's Hosiery Cleanup A small lot of black cotton stockings, fine gauge, with double toe and heel and garter-proof top odds and ends of various lines -all worth, very much! more than the Friday price of . t ............. . I ' - . . r '...) Odd lots of silk and silk plated stockings, mostly in black, some seamless and some with seams up the back slightly, imperfect and on that account priced at a doubly attractive discount : -! " " r- : pure thread Jap silk stockings, full fashioned and semi-fashioned with lisle sole, 4 toe, and high spliced heel, extra wide garter-proof ttops of lisle, slightly Irregular and priced to go in a hurry at. ECONOMY BASEMENT, Lipman, Wolfe & Co. 19c 69 c $ j .29 1 i Curtains, Pair 1 Hemstitched marquisette Cur tains, plain, in the ivory shade ; 2j4 yards long, "and obviously marked .very low to assure complete clear:-' ance. . .;: ; Tape Edge Curtain Scrim . 33c-Yard Firmly woven in white and cream, 36 inches wide, finished with an inch wide tape edge. The low price rep resents a saving that you must consider. ; , Curtain Marquisette, Special I 49c Yard 36-inch marquisette of a good quality, finished with a one-inch tape edge. Fancy Bordered Curtain Scrim T 59c. Yard Fancy woven, bordered curtaining in 'white and cream colors, 36 to 40 inches7 wide. ' ECONOMY BASEMENT. Continuing the Clean-up of Women's Low Footwear t Hundred of Pairs Broken Lines i .At Less Than Wholesale Reduced to White poplin Oxfords and ; Pumps of high quality,-odds, and ends, with high and low heels of wood and leather. Sizes 2 to ' 9, t widths AAA to C. - - V - i Reduced to Pumps, Ties and Oxfords in trown and black kid, pat- j ent and ; black '.satin" with . Louis ; heels;--. Jiaby.-..Louis, Cuban and .military heels. Sizes yZ o 9. widths AAA to C. $3.85 -" - The Great Sale at -This is the most remarkably low price that we have seen on women's pumps, ties- and oxfords of such undoubtedly good style and quality. ; Of black, brown and patent kid with Louis, Bab v Louis and other heels.' Sizes 24 td 8. Widths AA to C. i . .. ' -: - - . ' : ECONOMY BASEMENT, Lipm.n, Wolfe & Co. MEN . Work 1 Trousers :: Trousers that will wear, and in "good looking ; dark shades-at the ; lowest price that you or we have seen on such quality in many - months.. All sizes. V Men's Athletic QK, , Union Suits j vDt Our entire stock, of higher priced ath : letics checks, corded madras and nain-checks-all sizes in one material or an other everything included In this sale. ; , Sox, 5 Pairs $1 Black cotton . lisle socks with double heels and toes, splendid for wear, and a grade that sells in the regular way for - much more. - . ECONOMY BASEMENT. THIS STORE USES NO COMPARATIVE PRICES THEY ARE MISLEADING AND OFTEN UNTRUE