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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, HARDING STRESSES lOHHSOMJERIS HAKSJUffi ' v. MAN WHO FIRCED JAPAft TO ACCEPT RUSSTEACE i .'V . . . a- t . e 4 i . j," to f - 31 "TERRIBLE WASTE" OF WON REGIME ! i 1 T - warns o if 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 EdI TFT) Sale 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 even year." 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 hearers. 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 ing said. 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 dle West. 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 financial support 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 the country. for JACOB HENRY" SCHIFF IS DEALVATNEW YORK (Continued front Pt One.) 1h 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 near Wallace. 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 here tonight. "Senator Harding baa consistently maintained the position he took whan nominated en the Chicago platform." 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 week. "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. $39f00O,000Won6y 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. Maccurtain Widow 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 finishes: 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 SHI P5 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. C rv 1 Heaters; SAVE $108.75 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 cushion seat Dtalsi I1IT.M wuuam and Mary a Bring the measurements of your rooms that the required yardage may be reserved, as there is only one roll each of 6 pttterns. 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. $169.00 $161.75 $129.00 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, : Ohio. . 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 DANCING TAUGHT 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. . . SUMMERS DANCING ACADEMY 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 ' mil 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 r i i mil i s i hi j . . i Vilnius in c i im a , iiiiii i yer Every ieealrejeeat MTheUer Tea Are Qolag'to Bars treed " 'Vi-' ' " J if Ceal, or Beth ' '.- " THIS CHEERY CHILL-CHASER At Edwards . $17.50 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 for yourself. 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 $352 1476.00 Suite of S pieces upholstered witti purple and cream silk veiour, priced now at oniy $379 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 $465 q Our Ophthalmometer is onm of thm most icientific eye-teating instruments in the world. With U wb can detect error of vision instantly. ( 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 in kGASPYPLES Be Davenpor tsgo Reduced The Laborlesf Odorless Smokeless Pipeless Sanitary tnd Economical Ventilator Furnace No Dust No Dirt No Ashe No Soot No Coal NoWooa "Bum . Only 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 ' sfV!t L'Z'MiC rv: ft inr t 'J &Jr KS69 The Three Meet Pesslsr MedelS a Saleijow at the yeuewlag Prises ' , $76.75 $81.50 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 iGoodPieoeTo Trwdh 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 With This Combination Range 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 $3 week- No interest 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, v. -1 W