THE
OREGON DAILY JOURNAL, PORTLAND, .OREGON
MONDAY, JANUAkY 3. 1921.
i - .
i
lELLOR'S
BURIAL WILL BE
ON WEDNESDAY
Berlin. Jan. . Funeral services
for Drj Theobald vori Bethmann
Hollweg, .who wai chancellor of Ger
many! when the war broke out, will
be" held on "Vyednesdaiy. Dr. yon
Betfcma'nn-Hollweg djted Sunday
eveningr at his home at jHohenflnlow
after a short illness frorti pneumonia.
News . If v the ex-ehancfellor'a death
was telephoned Lo the former kaiser
,at Dooijn, who expressjed deep re-
;rt--i;. ':. -: ''J
tnr. von Bethmann-Hollweg vu aus
"thor of the famous phrase "a scrap of
paper." ihen discussing In the German
relchstag the treaty guaranteeing the
neutrality of Belgium. Hj was born In
1856 and is survived by one aaugnter.
HIS eon was killed In action during the
HEALTH HAD WA5ED
. The e4chancellor had ben In delicate
health for a long time. On; the occasion
of his last public appearance, when he
attended the war guilt, hearings in Ber
lin some months, ago, those who had
known Warn at the height of! his political
and physical '. power . noticed that he
looked fajr from -well.'
Since tie revolution, and fbr some time
before itj. he had lived quietly In his
villa at (Hohenfinow, near jBerlln, tak
ing no part in public affairs.
WiS Ht5 PATRICIAN
' Theobald Von Bethmann-Hollweg was
one of tine, outstanding figures of the
ld Hohfthaollern regime. A. classmate
and close friend of the former kaiser,
with whdm he attended the university
, of Bonn, he was fitted by heredity and
by education to enter the exacting serv
ice of the emperor.
Von Bethman-Hollweg dominated .the
diplomatic exchanges which preceded the
European -war, and 'when it became ap
parent that Kngland would not stand
aside and see France and Belgium
crushed by Germany, it was he who be
came complete master of the diet, his
cftnrol liusting for three years, while
other European cabinets and govern-
. merits were falling. One by one.
The sudden transference of a neighboring-
enemy power from a monarchy to
a "democracy," the ' overthrow of the
czar, the (entrance of the United Stated
into the war and the beginning of Ger
many's military and diplomatic reverses
spelled his doom. ,
XAST BATS WERE QITIET
- Von Bfthmann - Hollweg was a de
scendant of one. of the oldest patrician
families -if Germany. He- entered the
civil servjee In 1879, and soon ros to
the position of provincial president of
Potsdam. -He' became Prussian mlnU-
. terof the! Interior In 1905 and attracted
aome attention through the Introduction
of numerous reform measures. In 1907
he was appointed Imperial' home secre
tary and Vlce'prealdent of the Prussian
' council. T
On July 14, 1969, the kaiser conferred
on-him. the greatest office of the state,'
making' hllm-imperial Oerman chancellor
to succeed Prince Von Buelow. He was
t3 years. Old.- ;
JAY HI
IS
ON HIGHWAY BOARD
(bontiouxt From Pat One) j.-'
figures of that section of the state and
one of its largest farmers and stock
growers.,. Besides his large ranch and
stock ' interests, he Is connected with
Joseph and' Enterprise banking Insti
tutions. He served tn the legislatures
of 3903 and 1908. as representative - from
Union and '.Wallowa counties. . He"N.Js
now serving his second term as presi
dent of the Oregon Wool CJrowera' as
sociation and Is : a man of independent
means, amassed throurh the good, old
fashioned method of thrift; hard work
and long lours. : He Is of the progres
ftve type and has always been promi
nently identified r with the advancement
of his community and state. .
FARMERS ABE, REPRESENTED
"One consideration taken Into account
with his selection was the fact of his
prominent connection with agriculture..
There has been some criticism voiced
in the past that this Important industry
had not received its proper recognition
by representation on the highway com
mission, j . " . ! . '
"Mr. Kiddle reipresehted It In a way,
however, as ; the nature of his. business
brought himfin more or less close touch
with the farmers. Mr. Dobbin's accept
ance wilt mean that for the first time
an 'agriculturist and stockman will serve
as a member of the state highway com
mission, thej untimely death of J. ; N.
Burgess preventing his active service as
a member of the commission."
HIGH WATER THREAT-
- K -
CMIKIP UJ
LI
(Contfaaed From Page On)
.quantity of paper, Alder- street and
.Washington! streets were free' by the
time the-wiajter slopped over the combing
last night.; At Terminal No 4, Pier INo.
1. the guage stood 15.S this morning and
the flood stage at that point Is 20 feet.
No freight. jwlU.be moved at that point
: unless unforeseen developments Occur.,
Front street merchants had practically
cleared the jbasementa this morning- and
only a few J potatoes and onions remain
to be moved. No damage had bcen-suf-fered
up jtojimoon today. s
While thej heavy rainfall at Portland
has experienced a lull there is a down
pour in the topper valley. This condition
makes ifcj dSf ficult to predict what will
be ,the utccjme. j
BAiS SWELLS TIDE . 1
The heaivy rainfall of Sunday,
amounting fto nearly 1H inches, con
tributed, to j the unusually high tide of
the river fojr January. During the last
H hours the rainfall only amounted to
one-quarter j of an inch throughout : the
Willamette valley. j
While i th4 rain slackened, the wind
. increased.. A wind velocity of 23 miles
from the southwest was recorded by the
weather bureau at 9 :39 o'clock Sunday
evening, j North Head reported a Wind
-velocity of 86 miles at 6 o'clock this
morning and wire trouble 'prevented the
receiving of j a later report, The storm
has evidently spent its fury and storm
warnings have been ordered down. Rain
and southerly winds were , the forecast
for today. 1-
A land slide occurred on the S., P. fit
S. railway at Mayjrer Sunday and other
slides were
reported on the Tillamook
and Mill City branches of the S. P. iAll
tracks were
declared open this mornlnsr.
Numerous
small slides were ' reported
EX-CHANG
DOBBIN
ATTDCDflMT
iinu nniLiu ium
SHEEPMAN APPOINTED
HIGHWAYiCOMMISSIQNER
fa:'.:;:-- -.-.-or .::-:-.-;..;' ''' - S-x-W'-.-.j
h Jr.
Jay II. Dobbin
along the O-WV, R. "&! N. line from
Portland to The Dalles, and high water
from the Umatilla river was reported in
the Pendleton district this morning, but
neither the . slides nor high water were
serious enough to cause major delays in
train service.
CONTINUED RAIS HOLD UP
WORK IS CLARKE COUNTY'
i Vancouver, Wash., Jan. 3.' That
the wind and rainstorms which have
been in progress here for the past week
have lulled only temporarily' and the
rain.wlll continue' to fall for a few-more
days at least, is the forecast of sthe local
weatherman it .'.
The steady rains, accompanied by!
winds, have been more or less detri
mental to business in all parts of the
county. - The lumber men report that
work has been held up on account of the
flood stages In the rivers, where booms
are located. Officials of the Lewis
River Boom St Tie company report that
the Lewis river hear Rldgefleld is pass
ing the, high water mark and Is- but a
few feet from the flood record several
years ago, when the depth of the river
measured 22 feet, t
Vancouvr lake ; has overflowed Its
banks, and the back water's extend" for
two or three miles. The dairy farms
along the south! end of the lake have
been practically covered with water dur
ing the past few. days.
Smaller streams throughout the coun
try have swollen to an alarming extent,
and have overflowed in practically every
case. ' - - S. ' ' . - -
Road building' has been held up on
the North Bank highway and the open
ing of the road to traffic will be de
layed until January 16. Work - has con
tinued on the Paclf io highway and the
road to Pioneer was opened Monday.
Work on 'street improvements has
practically stopped in Vancouver. The
unpaved streets, On' which no work has
been done this winter, are in many cases
almost, impassable.
Danger to, the prune crop Is threat
ened as many prunes still being held in
the. driers Of individual growers are be
coming water soaked. It is feared that
the prunes, when cracked, will become
mouldy . unless they can be handled at
once by the packing house. Limited ac
commodations have made the packing of
the prunes difficult. The construction
of a 70-foot addition to the-plant is in
progress and it is believed that all
prunes may be handled within a, short
time.
CHEHALIS RIVER FLOOD
HAITS TRAFFIC BY ROAD
Centralia. Wash., Jan. 3. Hish water
from the Chehalis river overfloweed the
Centralia-Bucoda road and cut oft all
traffic Friday betweeen Centralia and
Bucoda. The river, however, is rapidly
falling. .
Considerable .damage was caused in
eastern Iewis county by the overflow of
the Tilton and Nisqually rivers, which
Washed out a bridge on the Taeoma &
Eastern at Elbe., according ; to W. W.
Cannon, who returned from a trip to
the Tilton River Bituminous Coal com
pany's mine at Llndberg. He says 30
days' delay in the production of coal has
been caused by loss of a bridge on the
company's road. ;
CREEKS OVERFLOW BANKS
IX RIDGEFIELD SECTION
Ridgefield, Wash., Jan. 3i Incessant
rains, have caused the streams, rivers
apd creeks to overflow their banks. No
damage is reported so far.! The east
and north forks of Lewis river are at
high stage and rafting of logs and crib
bing ties is difficult owing to the strong
current. Lake river, at this place, is out
of its banks and much of the lowland
west and south , of here is inundated.
Creeks here are running bank full and.
in some places have flooded fields.
VALLEYS I.V 'WASHINGTON
THREATENED WITH FLOODS
Seattle, Jan. .3. (I. X. S.) Warm
winds and rain have caused thaws in the
Cascade mountains that are sending
treat voltimen nf nttr Intn . ik. ... it
- . .".s iiiv t a J O
of Western Washington. i
ivent. ,oetween Seattle and Tacoma. is
threatened with flood, -as (the White
river is rising: three feet in ifdur hours.
Hundreds of acres of dairy l4nd is under
water and cattle have been k-emoved to
high grounds. : j
Action for Damages
Threatens Exposure
Of Paris 'Gay Life'
Paris, Jan. 3.;-ir threats made to
day bear fruit. ( the world is soon to
know some of the innermost details of
the secrets hidden behind the mask of
gay and -wicked life In Tarts.
Suits for damages for defamation of
character and for personal threats were
started today by Robert Bourdau the
."ldn,aper" f. Menalk- the' Aiollc
like 16-year-old eon of Raymond Dun
cjan, against the boy's father
I Alleging that he had been libeled by
the posters pasted up throughout Paris
calling on cltlaens to "arrest the rav
Isherof my son, Bourdau tonighi de
clared : t - j
"I helped Melakas to leave home be
cause although only 16, bis (father bad
never taught him. to read or Write, and
persisted in keeping him In feather
weight robes in the deepest winter,
causing danger to the boy's health.
. "I got him a Job in a provincial fc
tory and bought him a suitf of clothes,
with, which he was delighted.
'I Intend' to bring out int court cer
UIn..d',t,.n ln Regard to Duncan's do
mestic life which will astonish Paris."
N
END CHARACTER
ARRESTED BY U S.
"Yam" Wallace, colored : and no
torious " north end police character
and bootlegger, was arrested this
morning by Internal Revenue Agents
W. R. Wood and. JT. .J. Biggins,, after
they found $4000 worth of narcotics
cached , in a Mount Scott , dwelling
and obtained a sworn statement from
the occupant of the house, Mrs. Edna
Cain, 6127 Sixty-fourth street south
east, that the drugs belonged to Wal
lace.. ; j 'I- : J - .
, Wallace was removed' from a, hospi
tal Sunday night by the police . and
lodged In the. city Jail on a charge of
threatening to kill Tom Johnson De
cember 29. The federal warrant was
served on him this morning shortly
after the drugs were found, at' the di
rection of -Assistant United States At
torney Austin Flegel;- and he was re
moved . to the county .Jail in default
of 15000 bonds to await the ! action of
the federal grand jury. It is understood
the police intended asking a 37500 peace
bond on their felony charge before the
government stepped in.
Because Mrs. Cain, colored, has made
a complete statement to the govern
ment and has promised to assist in the
prosecution of Wallace. she 1 will not
be charged as a confederate, negel said.
For several months Wallace is said to
have made the Cain home his head
quarters, where he stored much liquor
and narcotics. The package of drugs
found this morning had . been in the
house' two months, Fftrgel said. Wal
lace is said to have lived In the Cain
home several months ago as a boarder,
and to have agreed to pay Mrs. Cain's
rent if allowed to use pne ! room in
which to store his liquor. Wallace is
said . to have handled imported Cana
dian whiskey only, not caring to both
er with moonshine spirits. The gov
ernment was not able to seize) hisbigh
powered automobile, as .theyj i. did j not
find any contraband in it. ;
Wallace is 39 years bid, married, and
resides at 468 Overton street Several
days ago he had a fight with Johnson
at. the . Armory, and In the fight John
son bested him. Wallace waa badly cut
and spent several days in the hospital.
During the last three months he waa
arrested eifht times, by the police and
given fines totaling $100 by jMunleipal
Judge Roesman. j : ;-
F. S.
IN BOND INQUIRY
(Continued From Fate On)
was indorsed in blank by Williams and
later 49$ shares were transferred by
Morris to his wife, ; 498 shares to Mra
Ida E. Morris, the wife of James Morris.
This left three shares outside of the Mor
ris family, one held by ; Pratt, one "by
Gllmore and one by C. K. Williams, the
manager.' . j
This stock was paid for. Morris testi
fied, by the local assets and. good will of i
the partnership. No new money 'was put
into the business, and, so Morris related,
Williams. Pratt and Gllmore held their
stock without purchase, as dummy stock
holders and directora : . I
Nor did John Ktheridge! pay any
money for the first share pfi stock Is
sued to him November 1, 1917.1 On that
date, so the records show, Etheiridge was
givfen one share of stock, and when Mor
ris waa asked if he had paid! anything
for it he said, "I do not thln)c so." At
the same time the share whichjhad been
held by Williams, who had died, and
which had been held,inthe office of the
company indorsed in blank, was trans
ferred to Morris. It was in explaining
this transfer that Morris admitted that
neither Williams nor any of the others
had paid for their stock and ,were
dummies.
"Williams was a dummy stockholder J"
Peck asked the witness.
"He was the manager of the office,"
Jlorris answered.
w"Be had no interest in the stock T
! Peck asked, and Morris said "no."
FAMILY HELD STOCK
! "Nobody outside the four members' of
the Morris family had any real interest
in the company"? Peck, insisted, and
again Morris said "no."
' At this point Minor Interrupted the
testimony) contending that the witness
had not answered the question. The re
porter said he had understood the wit
ness to answer "No, sir," and the ques
tion and answer were read. Morris an
swered "That is correctr"
I Continuing his testimony, Morris said
that he had been elected president of
Morris Bros., Inc., January 2, 1914, and
Peck asked him ,if he had not continued
in that position unUl the dissolution of
the corporation.
comoration. i -
i Morris answered that the record would
show, contending that he had interests
In Philadelphia, Denver and was con
nected with various other corporations,
so that it was impossible for him to
remember the details of corporate man
agement and connection.- ,
BEADS MORRIS LETTER
j "Is there anything In the record lo
ahow where anyone else was elected
president since January, 1918?" Peck
asked. ! ! -.
4-"I -don't w-ant to say anything about
thatr Morris said. "I had , nothing to
do with the business since the first of
ii9 19 and I' don't know what the record
Will show or what they may have done."
"Who. was president?" Peck asked.
"After 1919 1 was not president and I
do not know who was," Morris insisted.
Peck then read the letter written by
Morris on January 6, 1919, in which Mor
ris made his offer to continue as presi
dent at a salary of , $500. a month until
such time as the corporation should in
dicate a desire for him to resign.
MOTES OFFICE --j . j
j'TJld the corporation indicate auch a
desire for, your 'resignation?" asked
Peck.' -j , '
"Yea" Morris ' answered, and Peck
aisked him If he had handed his resig
nation iai Morris answered that he had
dime so, and Peck askVd.lf the resigna
tion: had been acted upon by the corpo
ration. ' '
j"T do not know," Morris answered,
"jmoved my office tothe Gasco build-
j"What action was taken by "the cor
poration r Peck Insisted, and Morris
answered : . ' 1 '
''Relations were rtot pleasant there,"
he said, "and I moved out and ceased to
have any connection with the business
from that data" .
j'But what action was taken on your
resignation?" Peck Insisted. .)
'"Ktheridge made the request." Morris
countered. .-. "'': ''" ' '-:
f'When?" Peck asked again, and Mor
ris answered "About that time,"
WOULD COXSULT BOOKS
orris Went on the witness-stand vis-
NFAMOUS
ORTH
MORRIS ON STAND
ibly on his. guard, H contended that
the diversity of. his corporate and finan
cial interests and the fact that he was
away if rortv Portland much of the time
made lit Impossible for him to,: remem
ber any of the details of the business
done by Morris Bros., the corporation;
in Portland. The records, he contended,
would ishdw the facts, and he Insisted
on checking the minute books before an
swering ahy questions as to dates, or
ganization! data or other matters con
nected iwith the conduct of the company.
Follojwing the completion of Morris'
testimony this afternoon, which is ex
pected ito give his version both of his
past and present connection with Mor
ris Bros., John I Ktheridge and Mra
Ktheridge, his wife, will be put on the
stand to tell their-atories of the pur
chase Of the Morris holdings and of the
connection! of Morris with or his di
vorcement I from ownership and manage
ment in the' concern.
SISTER MAD I'UN DS
Morris explained that the 996 shares
of .stock He transferred to the name of
his sister, Henrietta Morris, was in set
tlement! of hia financial obligations to
her.:' totaling approximately. $45,000 and
Including the price he got for her house
at 190 King sfereet a sum of shout $20,
000. In spfte jof the fact that the sister had
obtained! Ciinds from her mother before
the latter' death in 1907, and had been
able to 'own local property, Bhe received
$200 a rhoth as the gift of her brothers,
Fred and James, the former' testified.
It wapj these 996 shares of stock that
Morris o5d to John L. Ktheridge for
$100,000.,! id orris stated, although he
could not (recall, on what bank the check
was drawi, nor by whom it was signed.
In factJ ! he admitted, he may; have re
ceived no! check. He does know that,
although. So ill at the time that his life
was threatened and he did riot attend
to the Tiiitails carefully, he I preferred
government and other bonds to the cash
and therefore insisted upon ; bonds in
final lieu of any othr payment
MORRIS MAKES DENIALS t
Counsel for the receiver submitted for
identifhfatjion at' this point,: pending
a fili oanv of a letter
I from, Mjorfis Bros, to the First National
bank Of Forest tirove, accompanying
a deposit' of $100,000 In the! name of
Mrs. Kitheridge. The latter Called at
tention Ito the fact that Mra ! Ktheridge
would on the following day draw upon
the account for its full amount.
Morris! 4vas very emphatic In his dec
laration! I that he knows absolujtely noth
ing aboit iwhere Etheridge gotj the $100,
000 he 1 bald for the company's stock.
He knetir i nothing about Its deposit in
Forest Oroye, and, furthermore, notn
ing of !apy single detail of the com
nanv's business, either while he- was
president lor under the Ktheridge own
ership. jHa could not y wneiner,
while he I was president, the! company
took a Irponthly trial balance of the
tusiness I . I -
Cassius jPeck, counsel for the receiver,
drew attention when he declared he
would show fraud between the organ!-:
zatlon oft ) the original and the second
Morris jBros. incorporations; would
show thai in reality the original , and
the now defunct companies were ire
same, with fraud somewhere to make
them look different.
F
PASSED AFTER VETO
(Continued From ff One)
the second time was in "the same form
as vetoe by him- and reads :
"Resolved, by the senate and house of
representatives of the United States of
America in congress assembled, that the
secretary of the treasury and the mem
bers of the. war finance corporation are
hereby directed to revive the activities
of the war finance corporation, and that
said corporation be at once rehabilitated
with the Iview of assisting in the financ
ing of tine exportation of agricultural
and othejr products to foreign markets."
Republican leader Mondell announced
late this! afternoon that the veto mea
sure wil be tken up in the house to
morrow kfternoon on a motion to over
ride the 'eto. '',
USUAL METHODS URGED
The titjne has come when "the nation
should resume . ita usual business meth
ods," President Wilson declared., in his
veto. H4 said he was in sympathy with
the demand for less interference with
business (by 'the government, which has
been demanded during recent months.
There jwill be "no immediate read
justment; of international trade rela
tions," taie president said, but condi
tions arejl improving, he. added.
The president declared that the reso
lution passed by congress would hi more
beneficial! to the banks than it would be
to the fafmers. He advocated that busi
ness takipj steps for the relief through
private agencies, . and not through the
government. '.'',..
The return to stable business" now
depends Jon individual Intelligence and
enterprise rather than upon the govern
ment, the president declared.
SHOULD BE DONE PRIVATELY
Private, r agencies to finance exports
have already been established, the presi
dent Said,- and these agencies will be
successful, he predicted, and should be
1 . " i
rcu u!
The president declared that the stabil
ity of the export trade of the United
States now depends largely upon the
establishment of a juat peace in the
world the cessation of fighting every
where; the more complete resumption in
Kurope olj normal courses of industry
and the return of her people-to sound
business and fiscal policy." I '
When the clerk of the senate had fin
ished reading the president's; veto mes
sage. Senator Underwood .(Dem., Ala.),
the Democratic,-minority leader, sug
gested an absence of a quorum after
stating this president's message was of
such great importance as to call for im
mediate consideration by the senate."
i A call fojr a quorum was then issued.
TEXT OP HETO
In bis veto message the president
said in part : ,v .
"This resolution waa passed by the
congress apparently in view of the re
cent sudden and considerable fall in
prioes, especially of agricultural com
modities, Tlth the thought that some
European countries to which certain
products Were customarily shipped be
fore the war might again be enabled to
resume their importation and that larger
masse of domestic exports to European
countries generally might be stimulated,
with the resulting enhancement of do
mestic prices. I am in full sympathy
with, everyj sound proposal to promote
foreign trade along sound business lines.
METHOD SEEMS UNWISE
! "I am txk convinced that the method
proposed wise, that the benefits, if
any. would! offset the evils which would
result, or fhat the same or larger ad
vantages cannot be secured without re
sort to government intervention. On
the contrary, I apprehend that the rei
sumption of the corporation's ' activities
af this time would exert no beneficial
influence oh the situation in which im
provement is sougnt and would raise
false hopes among the very people who
would expect post, and would be hurt
ful to the natural and orderly process
of business and finance.
EUROPEAN CREDITS LARGE
:!"Lrge government credits were ex
tended dunpig'the war to certain Euro-
irciii Kuvti nnieii 14. associated - with- ua la
WAR
NANCE
BILL
the struggla These ( ceased several
months after the armistice, except for
commitments already made. They should
not now be resumed, either, directly or
Indirectly.' The recent Brussels confer
ence, composed of experts from many
European countries and from other na
tions, itself expressed the oomion that
further credits ahouW not be accorded
directly by governments. I da not be
lieve that they should be accorded in
directly, i..,, j ' .
"Exports of domestic , products have
not declined uince the armistice. On the
contrary, they have greatly Increased.
for an aggregate value before the' war
of not less than $2,500,000,000 and of
about $6,000,000,000 "the last" year of hos
tilities they rose in the calendar year
1919 to more than $7,900,000,000,- and
this figure will probably . be exceeded
for the last j calendar year. For the
first 11 months of the last calendar
year we exported more than $7,500,000.
000 worth of domestic merchandise.
EUROPE LACKS MEASS
"These have been largely privately
financed. The difficulty in the way of
still larger experts doea not seem to He
so much in the lack of financial ability
here as in Europe's lack of means to
make payment. Her productive energies
and the services which she renders have
not yet reached a point where they bal
ance the value of commodities taken
from this nation," and her ability to fur
nish fori additional exports securities
which business men would feel justified
in taking is restricted. The experts of
the Brussels conference reported that
'one 'Of the chief obstacles to the grant
ing of credits, is the absence of borrow
ing countries of sufficient securities fof
ultimate payment.'
WAY IS DIFFICULT ;
"Until this obstacle Is removed it is dif
ficult to see how materially larger ex
ports to Europe are to be made even if
exporters, aided or unaided by govern
ment finance, stand -ready -todo their
part.
"It is remarkable that Europe is able
to make an effective demand for , as
large a volume of our gofkls as she Is
Dififerenl
iliuigfttexi
Stcel-
(ld plated)
"9
4
Many times
magnified
-Actual
sizo
"ctor Talidn Machine C6.NGamdencJ.
making, lit Ss gratifying evidence of
her recovery and progress toward full
production and sounder financial condi
tions. - -'-". ' V,' -ii- .
"Under jthe law, if the activities of
the corporation were resumed.-io direct
advices coijild be made to- producers and,
if they.coifld be. they would 'not accom
plish the objects In View. Thiey would
not create! a demand for our 'products.
They could be made "only . to ; xporters
or to banks engaged in financing and
if they did in some measure stimulate
exports thjey would probably : rjot have
the effect I apparently most desired of
substantially increasing those pf agri
cultural, commodities. Already with the
larger volilme of exports ,whlchf Europe
is taking from us, she Is .exercising her
option, of taking a smaller volume of
some of our principal agricuitur
1 prod-
ucts such las meats, because
She her
self has become more largely - self-
sufficient. U ; -
SHIFT OM RESPOJiSIBlLITr
-'It is hifehiy probable that the .most
immediate
Bnd conspicuous effeqt of the
resumption
of the- corporation's
activi-
ties would
be an effort on tfie
part of
the exporters to shift! the financing of
their ordinary commercial channels to
the government This would be imfortu
natc. It would continue the government
as an active factor in ordinary business
operations. I !
"Further borrowing 'would In all likell
hood tap this very resources which might
otherwise be available for private op
eratlons orj which the treasury is now
compelled tj reach' to meet curent obli
gallons or ine government
"To the extent that Europe Is able to
furnish additional securities, private ft
nancial institutions here, will doubtless
find means of giving the necessary ac
commodatidn The way has been opened
for added legitimate efforts to promote
foreign trajde" .
Spranle Returning Home
William
Sproule, president
of the
Southern
Pacific, who came to
Portland
last Tuesday
for his annual inspection
of
the Oregon
lines of the company
will
leave- for
n Francisco tonight.
Only after
ment was it discovered that tungsten was
tne perfect
- - -Ire ' : t- 'j!
Viictor Jtceco:
than iustifv all
4 . -''' '
etallurgists
in achieving this triumphe
The virtue
! :
fibrous nature
-
away and'dbesn damage the records, Best
for the music
You get these distinct advantages only
the Victor
ictor Company has the exclusive
the use of tungsten in any form of
machine needle i ! 1
playing
-10 cents per package of four
poimst-snougniro
- A . A.
T - I
Changeable. Sold
4an1orJ - f I
tlCdlCira. ii .
1000 records.1 Semipermanent. iftKiiM
Srniouw
New York, Jin. 3. (I. N. S.)
Officers at the" naval air station.
Rockaway; Point N. jY.,' from wherei
thre balloonist started their na
ardous flight Into j panada three
weeks ago, said today that no help
or rescue- parties were to be! dis
patched to the aid I of. the airmen.
Such a procedure,! it -was stated Was
not , considered necessary. .! j ! :
: It was -stated! that the airmen, who,
without adequate rations, had managed
to reach a trading powt near the Hudson
Bay after their spherical balloon came
down in a ! woods, were evidently qulte
able to cane for themselves, and might
resent any rescue work at this late hour.
The airmen, Lieutenant A. I Kloor,
commanding; eutenant Walter Hln-
ton, .of N. C-4 fame, and Lieutenant
Stephen A. Farreu,; are not expected to
reach a telegraph station for 10 Jays or
mores ;They were belieed today to be
on their way by dog -a'.ed either to Mat
tice or Cochrane, Onti An Indian, run
ner, it was believed, j carried, the f Irat
message, sent by tlie missing balloonist
after, they reached: Moose factory, Ont.
For four days thej airmen wandered In
the dense, snow 1 Ifted woods before
locating the trading ('post which i waa
nearly 100Q miles froml the starting point
in New York. - j
Relatives of the missing airmen were
joyous today. Mrsi .Stephen A. Favrell,
sobbing, said "Santa was a little late,
but he has been awfully good to us all."
do
years of search and experi
reproducing point for
.''-.' i' ': I I ': -'- -' ! !-'- .
rds. Its great advantages more
the time the scientists and
' ' ' :i :' . ' . ' 'V i'' - -:- ; . ' -j -:
of the Victor Company spent
of tungsten is in its
. -.. .'..-.... - - !
It gradually wears itself
U ! ' - ' ,:.
and best for the record.
Tungs - tone Stylus: The
. ;iv
ds tone
...... . A. U . A .. .
pioy ac least ; .ijssz&. I viY
f " 1 SET- . Mil'
by all Victor ' "r "HB lSg5Tfi
This trademark and' the trademarked ' "
word4Victrola"identlfyllourrroducts.
Both she and Mrs. Hlnton; hadnever
once given up hope that their hub:ui(lj
would return -safely from their trip, ba
gun. December 13 to test bow far a
spherical naval balloon could go.
Hearing to Be Held
Here January 18 on
Alleged Unjust Rate
I '':' ; ' .
Washington Jan. 3. WA'yHl.NtJ
TON BUrtKA OK- TIIK JOUIlXAUl-t.
Hearing has h'ctn fixed for January IS
at Portland n the : complaints of TTiW
Klamath. and jMedfurd Commercial clubs
and .the ' Portland Traffiu j and Trans
portation association involving allep.i- -tions
that the rates made by the Cali
fornia state ommlssloii in conipnrlnoii
with!) the intorentato rates give unilim
preference to t'alliorHla 'j-iittercsts ,nrf,
reaching the ! cities otj nciriliern Cali
fornia.:! Examiner .Keener ill hear llio
testimony for the' inWBtajte commerce
commission. f f ')
. Increased class -and t'omtuodity rates'
proposed by the railroads lietween oitit-a
of t)regon, WwHhlnfrton! and HrltiMh 'o- '
lumbia having been t-anorled by the
carriers, the inlertat! oornmiHsion hurt
dlBmised proceediiiRM for umiphs1oii of
the Increases which ItBadj begun.. e
Study of Japanese
Problem
Requested
Washiiigtoiij Jan
3.HI.' N. :s,) An
appeal to voiugreaato glvo: careful con
sideration to the Jftpwnese prObleiTi in
California was madj totlay! by .Governor
William T. Stephens of Osllfornla. In
letter addresspd to Mil iineinb'ers of con
gress, i The letter VirKed lliat conKi-PHw-menfrom
allptates study! the eituntlon
in ordt-r that TCnllfor-nla blight have the
support of hef slater stateii in tho mira
tion 'j of handling the JapaneHe problem.
- playing
J . 1 '" . -.'
peculiar
.' .
. -' -'1 - i i .
right to
talking-
1- : 1 '
Stylus
XX rr-i
Look under the lidl Lock on the label 1 '
VICTOR TALKING MACHINE CO.
Camden, N.J. ,,':
.;' .-V: 1,:i '1-