The Oregon daily journal., October 19, 1920, Page 15, Image 15

TUESDAY, gCTOBER 19 1ZZX
the oiu:goh daily , JOUIUJAL, PORTLAND, oillgon
r.
LUXURY PLANTS
GET CBEDIT. VHILE
ER IS GOAT'
FARM
By Ralph F, Coocb
ash'lngttn, Oct. (U. P.)
Secretary of -Agriculture Meredith
today charged farmers are being
denied needed credit by banker in
favor Of iuxury producei He
made the charge in a speech at the
opening session of the annual con
vention of the American Bankers'
association. More than 3000 bank
ers, from all sectlonr of the United
States heard Meredith.
Farmers of the country will loss
$1,500,000,000 if forced to market their
crops at present prices. Mre4Jth warned.
"The only point at Issue," b said, "is
this:, - , .
"Shall tha farmer, whose primary In
terest are involved, be afforded such
crealt by local banks as '111 enable him
to market his crop In sn orderly fash
ion r
PBICES 8HbW DECLINE
Meredith' declared the average price
of all crops on October 1 Was 14 per
cent lower than the same day, 1919.
"In the eprHis; of 1920, whf they were
planning their operations for the present
season, he farmers were confronted with
a very difficult situation," he said.
"There was a shortage of farm labor,
estimated at 33 per cent. The cost of
everytMi the farmers had to buy was
exceedingly high and there was uncer
tainty as to the future price of farm
products. All these things added to the
hazard of the undertaking, but the farm
ers did rot hesitate. They realized the
responsibilities resting upon them to meet
the future food requirements of the
ration, and. in spite of difficulties they
succeeded in producing one of the larg
est crops in history."
PaKMERS SHOW ABIT - : - "
High prices), ruled' while fsrmers were
planting, and cultivating the bumper
crops they were asked to produce, Mere
dith recalled.
"The farmers of the United States
this year have produced 8,216.192,000
bushels of corn," he said. "At present
prices they would receive for their crop
approximately one half billion dollars
leas than it would bring on the basts of
prices prevailing on October 1, 1919.
"The cotton crop this year totals 12.000,.
000 bales. At existing prices It would
lack more than one-third of a billion
dollars bringing as much as it would
have brought a year ago.
"Cottonseed, which sold a year sgo for
$60 a ton on September 1 sold for $20
a ton, the wool clip this year aggre
gated 259,307,000 pounds.
XILM05S AT STAKE
"At prices prevailing in September, last
year, it would have brought $133,000,000,
but this year, at current prices, It would
bring only $73,000,000.
"Apparently well-founded complaints
have reached the agricultural depart
ment from farmers who have been de
nied credit for essential productive pur
poses while the producers of expensive
luxuries and the dealers In them have
been accommodated. 1 do not intend to
imply that these bankers have malici
ously chosen to handicap agriculture by
the refusal of credit which they might
have extended, but rather that they
yielded to the temptation of a larger Im
mediate Income from loans for less
fundamental purposes. It is more than
probable the bankers who followed a
short-sighted policy, will in the long run
be the losers."
Railroad to Aid Northwest
Spokane. Wash., Oct 19. Cooperation
o the Northern Pacific railway in the
development of resources of Eastern
Washington was promised at a smoker
given by the Chamber of Commerce in
honor of the immigration officials of the
road, on tour of the Northwest. The
greatest Interest of the officials at pres
ent, thev said, is In directing Eastern
and Middle West farmers to locations on
the Irrigated and logged-off lands of
Washington.
Driver .Who Ban Bo$
Down ; Nofc Located;
Boy ' Is inJSospi
2io ctue has been found by the traffic
police as to the identity of the driver
of a machine which late Saturday night
struck 9 -year-old Walter F. Backus,
fracturing his leg and hip.
The boy was playing In Bast -Fiftieth
street near Hawthorne when struck.
His brother said the driver of the ma
chine did not stop, but speeded up and
turned Into Hawthorne before his num
ber could be obtained.
The boys' parents. Mr. and Mrs. W. P.
Backus, 1415 East Tsylor street, are em
ploying every means to find and prose
cute the driver. The boy is at the Good
Samaritan hospital
Smith Returns to
Immigration Office
Wilfred V. Smith, formerly connected
with the United States Immigration
service, subsequently made director of
the United States employment service
for Oregon and at the close of this of
fice, made naturalization examiner, has
been reappointed Immigration Inspector.
Smith took his new oath of office Saturday.
Accused Must Face
Trial for Alleged
Stolen Stamp Sale
" ,
Demurrers to the conspiracy Indict
ment tiled by Barnett H. Goldstein for
Angello H. Rossi. William Brenner,
Dave Stein, Fred . Peterson and former
Police Inspector Robert La 8alle, were
overruled Monday morning in the federal
court by Judge Wolverton. This means
that the defendants must face trial neat
H'LIEBES & CO
The enthusiastic, acceptance of this
event of lower prices on women 's and
misses' apparel, clearly demonstrates
that Portland women have awaited
this opportunity.
Annual ek of Siles
At no time was a vatui giving event better Jimed
just when the clamor for lower prices is at its highest
tension, just when dollars should go furthest, just
when good, high grade, stylish and serviceable clothes
and furs are mostly wanted.
H. Liebes & Co.'s Prices were
Lowered with the First Indications
of the break in the market some time
ago Now
Additional Reductions
have been made in every department
bringing the prices down far below
the present market basis.
It Is Tvue! this step entails a big losSt but
we willingly bear it in order that
prices may be lowered to the public's demand. '
New Assortments .
for Tomorrow's Choosers
Monday oa a charge of having stolen
and altered War Savings stamps. The
stamps were taken by yeggmen from
Willamette valley banks. ? Assistant
United States Attorney 'JohVVeaich fs
prosecuting.
Individual Indictments brought against
the men. did not contain -sufficient evi
dence, the court neld. so tacse were die- Portland'a polio detective bureau, over
missed. ;,.- 4'-T v f;.Jr;,; which Captain H.'A. Circle presides, are
.Tha stamp case has attracted conald- aid to be .involved., Since the indict
erable attention, aa certain Viembers of 1 ments were ' returned "Secret Service
Operatives Olovet and. Walters have left,
the city and. according to, rumors, are,
out of the service. They were followed-
here by Operatives Gerald and Foster.
You Alone can Settle the
Underwear Situation
man men have ever made
Lain to their dealers the kind of
service they expect in Underwear?
Just so soon as a man shows the same
feelingf for underwear as for suits, hats,
shoes his dealer will put a concentrated
line of Allen A CooperVBennington
Underwear at his service.
Now, once select your particular hind of
Underwear made by The Allen A Com
pany and you can go back any time and
get precisely the same thing
"Allen A" is the Maker's Mark of that
excellent CooperVBennington Spring
Needle Underwear celebrated through
thirty years for uniform quality and
dependable value
The same standard of yarn the same
generous models, the same easy fit, the
same, enduring make and exceptional
finish
For men, for boys all weights, for all
seasons of the .year
This additional mark, "Allen A," will
in the future be stamped on each gar
ment It is adopted as the Maker's sign
of responsibility to you -
"Allen" the name of the Makers; and
"A" the 'standard mark of first and
finest grade '
It is so easy for a dealer to concentrate
on Allen A CooperVBeririington Spring
Needle Underwear!
It comes to him from the Mill direct.
Perhaps he" is only waiting the word
from his customers to clean out his
mixed stocks and "concentrate on this
Nation-wide standard
Also makers of famous Black Cat Reinforced Hosiery
The Allen A Company
Kenosha, Wisconsin
PACIFIC COAST SERVICE STATION, 57 Saniome St., San Francisco
Copyright, 1M0. The AJfea A
Hall Gas Floor Heater
Xo Fames Ho Dirt
Cleaa Healthful
Faraaee Heat
ISTEODCCTORT P&IC1
$65
Hall Gas Furnace Co.
17 ? JUS. K ST.
fast Seats f Merrltes Mala tees
One Standard of practice gov
ems every service we perform
regardless of the financial con
ditions of our patrons.
Our success is due largely to
the following of- this liberal
policy.
Edward Uolman And Son
Fvneral Directors
' u - ii ir-n
VWO - TWENTY TI4IRD STREET jffi'
ElS : I
Expansion
ONE -of the principal;
reasons for our sue-",
cess and your satisfaction
in the filling of prescript'
tions at the store of "De- r;
pendable Drugs" is the
high standard Of quality -in
both Drugs and
Service.
Portland 'Agency for
Huyier's Candy.
WE NEVER fcLOSE
Rflls8 Jl' ibnrl
WtJssf&X Cor. 6andAldlh JttmU
ft fcMft 8t3iT&lwCMPTI0N Dmcc ST "TJ
fe. LPHONE MAIN 7211
- , " . . - ,
ntousrmo FURS
. - MXQADMtY
UlIilfL 85
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