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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 26, 1920)
THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING, SEPTEMBER 26 1820,
MAN WHO FIRCED JAPAft
TO ACCEPT RUSSTEACE
. . a- t . e 4 i . j," to
OF WON REGIME
! i 1
Republican CandTdate Discusses
Issues Before Traveling Men
Scores Alleged One-Man Policy
Qalifornitn, Addressing Los An
geies Aiidience, Says Part
Leader Stands by Pact Plank.
me jj&eir wiaisjnim
lit? t ."' -r V V
By W. B. McXarnce
Mirion. Ohio. 8ept. 2. On the
ef Ma departure for his fir.it
campaign trip through the East, Sen
ator Warren O. Hardin today ad
dressee a Relegation of several
mtojr section of the country.
;-The return of American business to
normal condition of atabliity. confi
dence and security waa the great need
of tha present time. Senator Harding
told hi hearer. ,
Governmental Interference with busi
ness during the Democratic retime. Sen
ator Harding aald. had brought about
an unhealthy condition In American life.
AUTOCKATIC Rl'LE TBlT
"t do not mean to indulge In abuse
which can bear no fruit, nor In critlciem
which can only result in contention,"
aald Senator Harding. "But there U a
feeling permeating the American mind
that great harm has been done by un
wise head and prodigal hand. There
la tha opinion that we her had enough
of centralised government, enough of
autocratic government which Ignores the
representative branch and it close con
tact with the popular will.
"I want It very explicitly understood
that my election to the executive offlce
means a complete change from the one
man policy which characterised our
national government during the past
Tha country ha been driven to the
verge of chaos." Senator Harding aald,
"by attempt to mortgage American for
'tune and rights abroad and to check
American nationality and American
honor at the cloakroom of the president
of the League of Nations In Geneva."
RAILS AT WAST1S
"The terrible waste" of government.
Senator Harding promised, would be ma
terially cut by a Republican adminis
tration. Tha first reduction to be made,
he said, would be in the number of
federal office holders, which would be
reduced by 100,000.
Reestabllshment of an adequate tariff,
reorganisation of the postal service, eco
nomic administration with partnership
between the government and American
business ars some of the thtngs which
will result from a Republican adminis
tration. Senator Harding assured his
Democratic administration of tha coun-
- American people an amount almost equal
to the cost of the Civil war. '
STOAft CASE BEVEWED
Another loss of nearly a billion dol
lar! will be caused by President Wll-
aon's refusal to buy the Cuban sugar
crop at Vi cents a pound. Senator Hard
Business method wilUbe applied to
government if his party should come
Into power. Senator Harding said.
.Greater coordination between govern
ment departments to atop overlapping
of functions, establishment of a budget
system and reduction of Iffnafthm whr
result from a businesslike administra
tion he said.
Tha businessmen representatives ap
plauded the candidate's reference to the
need for closer cooperation between gov
ernment business. A large part of the
.delegation wss composed of members of
tha Harding and Coolldge traveling
men's league who came on special trains
from Urge cities of the East and Mid
Jacob Henry Schlff
even before he becme a member of the
firm, assumed control of the business.
FIGHT FOB RAI1BAI
Under Schiff leadership the banking
house of Kuhn, Loeb Co. rapidly de
veloped into a big financial power. The
bank undertook financial operations of
considerable magnitude and financed
many large enterprises. It was largely
interested in the reorganisation of the
Union Pacific railway in HOT, and in
the subsequent transactions by which
the control of the Southern Pacific was
acquired. The firm became closely con
nected In these enterprlaea with K. H
Harriman. the western railroad king,
and with him engaged in the famous
and memorable contest for the control
of the Northern Pacific against J. P,
Morgan k. Co., which firm was financ
ing the Hill clique, controlling the Oreat
Northern., It culminated in the terrific
struggle of May 9. 1901, which Wall
street is not likely ever to forget, and
the scars of which acted as a forcible
reminder for many years.
Kuhn, Loeb A Co., through their
agenta, entered the market to buy ap all
the Northern Paciflo stock they could
get The bears hammered the stock and
sold short, regardless of the fact, which
they did not discover until It was too
late, that they could not deliver the
stock they had sold, because It was all
In the hands of Kuhn, Loeb ft Co. and
J. P. Morgan A Co. When the batUe was
over, thousands of. speculators would
have been utterly ruined had not Kuan.
Loeb ft Co. shown mercy and offered
to accept in settlement I1S0 for each
share sold to them for which no delivery
could be made. J. P. Morgan A Co. fol
lowed this example a day or two later.
The outcome of this fight was the forma
tion of the Northern Securities company,
which, several years later, was dissolved
by the court after a great struggle.
Kuhn, Loeb Jk Co. became not only
one of the greatest financial powers in
America, but also extended ita ac
tivity beyond the seas and It was this
firm which placed the big Japanese loan
during the Russo-Japanese war and
forced Japan later to accept the terms
of peace by refusing to give further
Mr. Schlff, whose wealth was eatlmet
ed at more than 150,000,000, took great
interest In Jewish and other charities
and religious Institutions and was one
of their moat generous supporters. He
also founded the Semitic Museum at
Harvard, the Jewish Theological semi
nary of New Xork and contriated liber
ally to various other charitable and edu
cational movements la various partavf
JACOB HENRY" SCHIFF
IS DEALVATNEW YORK
(Continued front Pt One.)
e United States forestry depart
ment will plant upwards of 1.060,000
whfte pine and spruce trees bver 400
acres along the Placer creek watershed
Los Angel, Cat, Sept. IS. (U.
P.)'Ths Chicago convention wa
overwhelmingly against the League
of Nation." Senator Hiram Johnson
of California declared in an address
"Senator Harding baa consistently
maintained the position he took
whan nominated en the Chicago
Johnson was making hie second speech
since the Republican convention refused
to nominate him for the presidency, He
spoke at Trinity Auditorium, where
Governor Cox bad spoken earlier in the
"The 1110 campaign presents the burn
ing issue of the League of Nations," he
declared. "If Cox wins-we go Into It
If Harding Is elected the league la dead
and we remain aaovsrelgn republic"
Referring to Senator Harding's posi
tion on the league, Johnson said :
"In his speech of acceptance he em
phatically indorsed the Chicago plat
form and ha since amplified his views,
leaving no doubt a to his position.
Harding promised a formal, effective
peace aa quickly as a Republican con
gress can pass the legislation for a Re
publican executive to sign."
Johnson nuotad freelv from Harding's
SDeechea to Illustrate his answer to
charges that Harding had changed po-
Isltlo on the league issue.
Mara in g stanaa xour square
Americanism." Johnson said.
Cuban Gambler in
Last Few Weeks
London, Sept 25. The heaviest bee-'
arat winnings of the century, totaling
nearly 19,000,000, have been gained by
Hannibal de Meet, a Cuban sugar
planter. His galna have earned for him
In Europe the reputation of being the
world s greatest gambler.
His extraordinary run of luck started
at Deauvllle early In August His gains
there were TO0.OO0. At Alx les Bains,
where he gambled with Increased stakes
and daring out of his Deauvillo win
nings, he increased his winnings by
t2.0O0.000. At Blarrtta he added U.000.
000 by a pbenominal streak of luck.
At each table Mesa adopts the un
paralleled procedure of declaring "open
bank" which usually la declared for one
or two special coups. He says that his
brain la most clear and that he thinks
fastest when gaming for big stakes.
Target of Invaders
fbfthi1ate Lord Mayor Maccurtain of I
Cork was wrecked tonight and armed
invaders fired upon bis widow. The
woman was uninjured. Witnesses say
the Invaders were uniformed men and ;
that they proceeded in a busineea-Uke
way In destroying the house.
frvaants Firaitv dmfn4 by artist, combined with strength and beauty whether
m e keaeafvl is selectee). Ed wards will arrange to fit yevr adjvUual require
asemt. EASY TERMS at redcd price. (No interest charged either.)
Oak and Wicker Rockers
$17.90 $23.75 -$29.50
Over twenty to select from, and each one at" a saving of from St.So to 9.5o
that i off tbt repiUr selling- price out of our tegular stock. They were not
bought for tale purposes.
Solid oak Rockers with two. three ahd four slat backs, mostly medium heights;
upholstered with genuine leather and craftiman'i leatherette.
Beautiful Wicker Rockers with cretonne and tapestry upholstered cushion
seats and backs. Lustercd Old Ivory, rrosted Brown and Baronial Brown
There's scarcely a home and fireside where Rockers arc too plentiful; usually
there's a shortage if there be a vacancy in your home now Is a good time to
remedy it and save several dollars, too.
95c and $1.10 Floor Coverings
79c, 89c sd.
Thick. Durable. Sanitary and Waterproof 7
Bunt with a heavy pulp felt and fiber lace which is treated
with a waterproofing eurfsce Is of pure white lead and oil.
There are over fifteen patterns especially suited for kitchen,
dining and bedrooms.
A Handsome Outfit of
3 Rooms For Your Convenience
It'i in the Fifth St. Window Today
S818.ee walaat Bed room Salts Beautiful
Bed. Chiffonier. Pressing Table, Bench
with cane seat and old Ivory reed Chair with
wuuam and Mary
Bring the measurements of
your rooms that the required
yardage may be reserved, as
there is only one roll each of
Room galte 4S-lnch top
period, mahogany rm-
ished Table and set of six William and Mary
Chairs with genuine leather slip seat to
match. Note tha price
SUMS Llvlag Room Bnlte finished In
mahogany to match the dining set; Library
Table, Arm Chair . and two Arm Rockers.
Big value at the regular pnee, but now
If 11 be yours. for ...v.
Bchift a Co. In New York. The firm !
prospered but Went out of existence in ;
1171, when Kchlff married Miss Thertra
Loeb, daughter of Koiomon Loeb. then i
tha bead of Kuhn, Loeb Sc Co.. and be- i
came a younger member of that firm.
In those days the firm of Kuhn. Loeb
Co., now known throughout the world
aa a great financial power, was not en
gaged in the banking business, but In 1
the clothing business, conducting a mod- I
est little establishment in Cincinnati, :
The bualneae prospered and grew from
year to year owing to tha honest meth
ods and the business ability and acumen
tt ftfe ni.mK. Pa nf (hit ffM Pmm m M. '
tall business It grew into a wholesale
business with branches and connections
In New York and other eastern cities
and even In Europe. , The wealth of the
firm grew to such proportions that the
members were compelled to devote a
great deal of their time and activity to
the task nt selecting suitable Invest
ments for thslr accumulations. Finally
' the firm gave up the clothing business
altogether and devoted Itself entirely to
the banking business, with Its main of
fice In New York.
At first the banking house of riuhn,
Loeb st Co., with ita modest office- in
the heart of the business district of the
lower end of Manhattan Island, attracted
only little attention. But it grew rapidly
In importance, expanding its sphere of
, activity and Influence under the shrewd
management of Solomon Loeb, who was
, then the head of the firm. In 1SSS he re
. tired from the active management of the
, bank, and Mr. Bchlff, who had had con
siderable experience In banking matters
Alt new steps and dance
taught la eight three-hour
lessons. Ladles S3, gen
tiemen IS. at De Honey's
beautiful academy, ltd
. and Washington. Beat
v ner classes start Monday
(? and Thursday eve, t ad
,: , vanced classes Tuesday
and Friday eves., a to lf.JO. ; plenty at
penraixe partaere ana practice. No em
barrasamenL Learn from professional
Jancere In a real school. Phone Uaia
r4Ti lessons ait flours. . .
Da eia snr an
teand jais Sups Tsuthl- er efaMinel
Tke See tehee hi the eit). Mr.
tnd ISre. Sum inarm, aa St St. Meaitiaiiij
Ilea. Danes seer ThsrMsy. Stood mwrte.
Ijj Take Good Care of Your Eyes Pj
H i I 1 ,s " r fV !'; -ix,- i 2 l fill n in
I H I ; ' '-"-n 74-?J' ' i
Kj nil I a"- -ir i ?' -y..i;V v Ml '
III L J IS I IBk X
i i mil i s i hi
j . . i Vilnius in
c i im
a , iiiiii
yer Every ieealrejeeat MTheUer Tea Are Qolag'to Bars treed
" 'Vi-' ' " J if Ceal, or Beth ' '.- "
At Edwards .
A remarkable value, too. If yen. are
going to bum wood and desire a
medium stse heater for dining or llvlag
room. Tkls It tbe eae.
Top and bottom are all cast, body
Is of heavy steel- notice the nickel
. foot rails and the nickel urn, too
especially note tit price and decide
Terms to Salt Toe
Three Handsome Suites and Each at a Handsome Saving
Beautiful Mahogany With Cane
$441.50 Mahogany with cane 2-pieoe set, up
bolstered la tapestry; a beautiful suite with
pillows and fireside chair included at
1476.00 Suite of S pieces upholstered witti
purple and cream silk veiour, priced now
Si 10 S-pteoe Queen Anne suit, upholstered
with a very exquisite 2-tone blue and gold silk
velour. This suite shows real class and Is a
remarkable value at
q Our Ophthalmometer is onm of thm most
icientific eye-teating instruments in the
world. With U wb can detect error of
( There is no function of the human construc
tion mora important than good eyesight; none '
more generally neglected.
J Eyes stand for a lei of hard usage- over
worked nerves, abused muscles, strained ac-.
commodation. The) condition of your yea in
later years will show the care yOu have given
them at the time they needed it.
J Proper glasses fitted at the right time---,
not only give you better vision, but relieve the"v
pressure on your nerves and give you conY
fort, ease and efficiency besides,
q The Thompson Optical Institute will give
you the utmost in eye help scientific, sane
and sensible. . J A 1,
Q Complete lens grinding factory on premises.
1 SAVE YOUR EYESS
Thompson Optical Institute
PorfZondV lUrrresf. Molt Modct
j Equipped, Exclusive Optical Ettahl.'.kt '
Corbett Bldg., Fifth and MoMson
k '. v - . : Since 1908
kGASPYPLES Be Davenpor tsgo Reduced
lZ. . Gal"
The UluatraUon above abowa the "arpypie" rttrkr. Note the
atw uich point out the Intake of cold' and the eutlet of
-jwavm air. - .;-,''. ." ' v'
There' a (SaepynJe eat up ana connected rlgnt In the stare
step up oa the bakjony yourself and see hew e.uiciuy ahd evenly the
heu pours out.
Before buying winter fuel have Edwards measur the uwe feet
' f asses In your house and learn how email tha cost Of operating 4
'CeJefe will ..- . , vt," ;.LV- - .
. . Iastail lair Terl
Tear Old Jttater Taaea as Fart
t t '
rv: ft inr t
The Three Meet Pesslsr MedelS
a Saleijow at the yeuewlag Prises ' ,
Beautiful oih frames; seats ahd bachs are up
holstered with Craftsman leatherette bed springs sre
the same aa those used on steal and brass bed. Think
mattresa can be used on these.
Have a bed In the room where you didn't thlnh there
.was room for aTed. Edwards will arrange terms to
meet your requirement. x
ilT""" - -IT1!
aTetiy Terms - No Mtnst EJ
Use Both Ovens and Both Tops at the
Same ime if You Like No Restrictions
Whatever When Your Home Is Served
Yes! The Vesta Is two separate and distinct ranges built
together upon one base.
fedward will Install It wit hot water coll and gas con
nected on the convenient terms of .
$25 cash 4
Teuif eld sieve taken as bart ted. ., VitaT facts y0u must
aot everieek. v
They're pieaaing. too ! .'. .
4-lld wood and coal cooking top.
-burner and simmer gas tee.
ItxlS-lneh wood and coal baking even.
llxlS-lnch gas baking oven.
oas fire lighter (no snore kindlings).
au niaaei trimming are plain (no grease canning scrolls),
white enamel splashers on back, and even, door, broiler
-underneath tbe gas weav. Same burner begta. (both) gas
o-ve and broiler. .. . ,
4 - Ja" ;' 'if'
sees nee . avert eesy welceme. wy. s&SO,