THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING. FEBRUARY 6, 1921
(IMS SAY
MUST ACT IO
MONEY
U.S;
I PLAY IN BIG GAME
influential Republicans Among
, Bankers Declare This Is Worst
Time to Increase Tariff.' -
i ... ; By Robert J. Bender v : ,
J! United Nvs Staff OorrespMKUat J
; New York, Feb. 8. From Iths
tr end of comment en may .hear now
from leading bankers, exporter and
ether prominent business Interests
ef New York, It may well be fore
Cast that the .forthcoming- adminis
tration at Washington is to .b sub
Jected to 'powerful pressure 'for -an
Associated, and hot isolated ; peace
with Germany.
'! The great banking and export houses
In this section don't, like th way tlfings
are coins; abroad.
ACTIO URGED V
I Tn brief, their point of view Is that
there must soon come' more of a spirit
of cooperation and less of a spirit of
-(eolation if the United States Is to "get
: Sera" in fie trade of the world. As one
of the officials of a leading Internationa
banking-house expressed i,t: "W are
standing by, making no more to sug
gest anything or assist In any way in
the handling of problems the outcome
.of which will affect us very deeply for
many years."
Almost to a man these financial and
economic authorities, some under pledge
of secrecy, others openly, say that what
. ever may have been th past policy of
th United States to live sufficient unto
herself in splendid aloofness, the pres
ent situation makes th arguments
. wholly applicable.
j BASES A WALTZ ED .
So. th phases of present day develop
ments that ar worrying these interests
I, are:
1 Europe's inlUaUve ij going ahead
and settling great economic problems
j Qke the German reparations, without
hearing or asking the advice of America,
j J Congressional steps, apparently de
signed to build a tariff wall about the
United States that will not only block
Importation of foreign goodB at a time
rhen those goods are ail there la In
Meu of European cash, but also will in
cite retaliatory tariffs by foreign coun
tries that, will undermine America's ex
porf trade.
f The tendency towards Isolation at
..time when, as a great creditor power
ip th world, the United States is viewed
with th same distrust and ill feeling
Ojat any creditor experiences. , i
MUST PAY X3T GOODS
tThat America,' holding as she does,
th greatest financial stake in the world
today, should b the one to take the
initiative In cooperative measures for
relief Instead of standing by and watch
ing Europe do It, and in such a manner
as this government and its leading econ
omists disapprove. Is the conviction of
nressur on th next administration, i
What America's stake is, is summed
MP by A. Barton Hepburn, chairman of
th board of the Chase National bank
here, tn a word of warning against. im
position of general high tariffs.,
"W ar faced with th fact." says
Hepburn, "that Europe owes us many
billions of dollars which she . can pay
only by shipping, goods to us.
EUROPE'S DEBT HEAVY
"European governments owe our gov
ernment approximately $10,000,000,000,
In addition lo that. Europe owe private
investors In the United States" $1,500.
000,000 to 2;O0,0OO.0OO In bonds.- Over
and above , that, Europe owes private
creditors in the United States, in the
form of an unfunded or floating debt,
a sum approaching,; if it does not ex
ceed, $4,000,000,000, making a total debt
of, Europe to the United State ef not
less than $15,500.000000. of which an ap
pallingly large proportion is an unfund
ed form;" . . - -
Not only from. an economlc'standpoint,
but from the standpoint of encouraging
the friendship of such tremendous debt
ors, financial authorities hold, as Hep
burn expresses It, "a general .revision
upward of the tariff would be an in
excusable . blunder in the present eit
nation." . . : ;,".,
SUGGEST uPEACB iPtAK- :
Hepburn, -as indeed," are . most of the
leading bankers and exporters of New
York, is a Republican, while In his com
ment he restricted himself to the tariff
problem, other leading financiers . go
much further. ...
They ' take - th position that . peac
must come to the .United States with
Germany on a basis of cooperation with
our allies In the war. What form any
league, or association of nations takes
could be left they believe, to future
Consideration, but the peace with Ger
many should be based, they say, on the
treaty of Versailles, eliminating entirely,
if necessary, the League of Nations
covenant, but jointly participating In the
administration of the treaty contracts
Germany entered.
BIGHT MA2T HEEDED
To make a separate peace with Ger
many, throwing away the present treaty
entirely, would, many of them say,- re
open a thousand and one Questions which
have been decided and are being put into
fore that Would cause both confusion
and dangerous delay. -
"With a strong man In as secretary
of state," said a nationally known bank
official, discussing the subject, "we
could say to England : 'We are with you
in trying: to effect peace and order.
You have got to come to our viewpoint
on the Mesopotamian oil question and
other matters you have adjusted to your
liking while we stood idly by.'
"We could say to : France : We are
with you, too, and ready to help you,
but you have got to abandon impossible
reparation demands upon Germany. "
MAY GET NOTHING
"And," concluded ' this banker, "we
would get what -we wanted out of all
of them because we would be one of
them. If we continue alone against all
of them, there is a measurable doubt that
we will get anything out of' any of
them i . ? . ' :
Such is the tone of 'conversation now
heard in the financial world here and the
number and Importance of those appar
ently agreed on the course the govern
ment should take toward Europe, that a
definite and concerted warning to the
next administration may be expected if
a foreign policy and international trade
policy of isolation is attempted In Wash
ington, -.i . t ,
Recommended lor Postmaster
Washington, Feta. $. (W ASHINGTON
BUREAU OF THE JOURNAL.) Sen
ator Chamberlain - ha recommended I
IJ. West! all as acting postmaster at
Band on, Or pending the filling of a
vacancy caused by the death of R E. L.
BedillionJ He has been notified that
John A. McGee has qualified by exami
nation for appointment at Orenco and
is the only eligible.
Sj j IT
M I i1 ji
1 J3- " -sfe , cj ill
1 - -
Farrand Pianos
arid Player Pianos
... I: . m " '
TTARRAND Pianos ire Instruments f ! excellent ' m . -
T moderate price. They are built to give the music lover n
instrument wortny of the Best music at a price that. is as low
as srood quality will allow. I j '
The best modern manufacturhg facilities make it possible to
produce - these excellent instruments at the most economical
price. The -Farrand factory is a model of efficiency, employ
ing the finest machinery and the most ! skilled' workmen The
materials usea are iirst-ciass m every respect.- I
Connoisseurs find the tone quality of these pianos to be full
pleasing and well balanced. The scale ts musically perfect and !
the range of volume sufficient for any selection that you may
wish to play. i . ; .
The classic case designs are a delight in any surroundings
They are beautifully veneered in mahogany, ; walnut or oak.
The quality of every part of th Farrand is guaranteed, and
you will Find that it is undoubtedly the best piano on the mar -ket
at its price. i - ' !''
BUSH A LA NT! PIAKO CO, ' ' t
, Broadway at Alder, ForUaad, Oregsa. ' ' v
Nam.
Address.
unij
TTA House of Harmony
bush & Lftne Bid?. Broadway at Alder
I
NATIONAL METAL
TRADES ASKED TO
SQLVEUNIONISSUE
:'i .... . p y I..
Breach Between Portland 5 and
Vancouver Factions on Standi-
fer Shipyard Wage Is Widened
Dawes Recalls Samuel Pepys HARDING S BOAT
a , t - ; at t , at c , . tg . r.
istory Again Repeats Itself
H
"With - the breach between- the
Portland and ; Vancouver Metal
Trades councils growing! wider each
hour, ' ah J adjustment' of the strike
of electricians and sheet metal work
ers at the "fetandif er shipbuilding
yard has been requested front the
national headquarters of the Metal
Trades council. , ' i ,
Approximately ' 135 , Portland men ' are
affected by the strik of electricians and
sheet metal workers. Recently the
Standlfer management announced that a
cut in force would be necessary unless
a wage adjustment could be reached.
Officials Of the Vancouver Metal Trades
council arranged, a . satisfactory scale
with, the management which, became ef
fective February 1. . 1
HEX WALK OCT l ':r
The electricians and sheet metal work
ers, who are affiliated with the Portland
Metal Trades council, saW they were not
considered '.in' the - negotiations and
walked out of.the yard in a body Tues
day when the new seal became effec
tive. .. ,'-V-,. - : ;. ; r , . j
The Portland "y council i has placed
pickets at the gates of the Standlfer
yard in an effort to prevent replace
ment of electricians, sheet and copper
workers and wood talkers controlled by
the Portland council. . '
Th Vancouver Metal Trades council
despairing or -having ; workers of ; the
three striking .crafts swayed by the de
sir of th majority of the Standlfer
workers to abide by a modification of
th retroactive clause of the Macey
agreement, has temporarily waived Its
rights insofar as control of these three
crafts is concerned.
This has resulted in the granting of
permission to the Standlfer company to
proceed in the securing of men necessary
to operate the plant. C. B. Harding,
chief engineer in charge of the yards,
and J. Staver, superintendent of the
metal works department, were in Port
land Saturday, In an effort to obtain
from 30 to 40 electricians and 75 sheet
metal and copper workers. "
PLA3T AGREED. t7P02T 1 .-' '
If these men ar obtained they will
be taken into the employment of the
company, will become affiliated with the
Vancouver council and contjnue per
manently as workers at the yard.
The Vancouver council official ad
mit that the Portland council affiliated
craftsmen were . not consulted in the
referendum on readjustment . of the
wage scale, but say the Portland crafts
men should abide by the decision of the
majority, inasmuch as it had consist
ently refused to affiliate with the Van
couver local.
Owen Donnely. secretary of the Port
land Metal Trades council, says that
the Vancouver council, ib disregarding
the claims of the Portland craftsmen,
has overlooked section 15 of the Macey
agreement, which says thaf no individ
ual action should be taken without the
indorsement of all.
SWAP JUDGMENT CLAIMED
Donnely says that the agreement with
the electricians and sheet metal work
ers was drawn up in 1 Portland, and
that' the Portland craftsmen did not
have an opportunity to voice their opin
ion in the recent negotiations between
officers of the Vancouver council and
the management of the Standifer yard.
Donnely has telegraphed to the na
tional headquarters, outlining th em
barrassing situation, and expects an ad
justment Monday.
1 History ever; repeats Itself.
"'"When Charles G. Dawes, Chicago
banker, who during the war served as
chief purchasing agent of the A. K. F.,
appeared . before the congressional in
vestigating committee in Washington
last week in emphatic defense of the
American army, in the face of partisan
criticism, his forceful remarks, appealed
to the country as a splendid service well
performed. ; " .;U:. ,.-- 'Y';::v
- In the role of defender, Dawes recalls
Samuel Pepys the celebrated British
diarist of the- seventeenth century, who
as clerk to the . British naval board, in
an impassioned speech - before parlia
ment silenced the critics of the British
naval war with Holland (1664-T).
During; this war Pepys was an inde
fatigable ; worker. "As surveyor of vic
tualling th burden of a most important
department Was burst-upon him in ad
dition to his regular duties. -
"When peace was at length con
cluded with the Dutch," says his biog
rapher, "and people had time to think
over the disgrace which the country had
suffered by the presence of DeRuyter's
fleet in the Med way. it was natural that
a public inquiry Into the management
of the war should be undertaken.
"A parliamentary committee was ap
pointed In October. 1667, to inquire into
the matter. Pepys made a statement
which satisfied the committee, but for
months . afterward he . was continually
being summoned to answer some charge,
bo that he confesses himself asni8.de
To become the hackney of this 'cfflee
in . perpetual- trouble and vexation thai
needed least,' ; . ' -i
"At last the storm broke out in the
house of commons against the principal
officers of the navy, and some members
demanded that they should be put out
of their-places. In the end they were
ordered to be heard in their own defense
in the house. The whole labor; of. the
defense fell on Pepys, but having made
out his case with great skill. h was
rewarded by a most unexpected suc
cess. "OnfthA fifth of March, 1667, he made
the great speech of his life, and spoke
for three hours, with the effect "that he
so far removed the prejudice against the
officers of the navy board, that no fur
ther proceedings were taken i In parlia
ment on the subject.' He was highly
praised for his speech, and naturally
much elated at his brilliant success.
Another Oil Gusher
Struck in Arkansas
(B UoiTarsal Berrie)
Tulsa, OklaM Feb. 4. Another oil
gusher has, been struck in Arkansas in
the new Eldorado field, and is owned by
Walter George. According tO telegrams
received here by a local oil company,
the well is giving J. 000 barrels of oil an
hour at 23 feet in the sand. The well
"blew in" and all efforts to cap it so
far have proven fruitless. J
BEHIND SCHEDULE
Delay-Is Met in Navigating Shal
low Channel j Craft Speeds Up
Throngs Greet President-Elect
- ' By W. B. MaeXamee
: Ormond, Fla,, -Feb.: 6, -(L N. S.)
Resident-elect; Harding- and ' his
party - on the houseboat" Victoria
passed through Fort Pierce, 5 5 miles
north of Palm Beach, at 3 o'clock
this afternoon and Will tie up for
the night in the Indian river oppo
site Sebastian. ' ,
! Even with a local pilot at the wheel
considerable" t difficulty r was ; n coun
tered today in navigating the Victoria
through the shallow, channel" below Fort
Pierce, and the - party's schedule re
ceived a setback, t
No landing was mad today to play"
golf, and with deeper water to the
north, the Victoria will try to make up
the lost time by running steadily all day
tomorrow in order to get td Daytonia
Monday." ! ' "
Picturesque crowds of natives and
tourists were waiting on every draw
bridge eager for a look at the next
president. - Each group had Its dona
tion of flowers and fruit to send aboard
the Victoria. . i . ;
Harding took the Offerings in person
and leaned over the rail to shake hands
and exchange a friendly word with the
folk on the bridges. 6
From now on It will be a question Of
Hteady running to mak th 200 odd
miles to SU Auguntine by Tuesday
morning In order that th president
elect may keep engagements already
made for him on that day, i -
Grandson of Pioneer j
F. X. Matthieu Is in
Junior Harvard Year
i
'.Stephen W. Mat
thieu, , son of Mr.
and Mrs. Stephen 'A.
Matthieu of 351 Eu
gen street, is In his
junior year at Har
vard Law school.
Ha graduated from
Jefferson- high
school in June, 13 1&,
and - spent three
years ? at : Reed col
lege and one year at
the t University of
Oregon - before en
rolling at Harvard.
After ,, his" gradua
tion in 1922 he will
return to Portland and take up the prac
tice of law. , I
Matthieu . is the grandson of F. X.
Matthieu, pioneer of the early Oregon
country, who cast the deciding vote i at
Champoeg for the annexation of Ore
gon by the United States.
' Zysett & Son, proprietors of a saw
mill near Wells, report business good
and all the men they want to work: in
their mill and logging camp at from 91
to $1.50 per day and board. !
Ores
Good-Bye
ion
if i
If you buy nut of Oregon
and 1 buy out of Oregon
and all our neighbors buy
out of Oregon, What Will
Become ol Oregon?
One-half the price of a suit
of clothes is for labor.
Oreat opportunity to keep
your money .at home. Isn't
It? where you'll have an
other chance at it. '
If vou haven't the price
handy, come and get it
anyway made to order
highest quaiitie and Styles
and Joy's "wear while
you pay" system takes car
of you on a Cash Basis.
I
104 .FOURTH
NEAR STARK
Death by Burning
Ends Happy! Union
That Began atd7
Sirs, MyraTiolHster, whose death by
burning last Tuesday marked th term
ination of a life of
unusual happiness,
waa married when
she was 17 years old
to Glen Hollister,
also 17. They vlrtur
ally began life to
gether, and in time
Earl Holllstf-r,
year old son, filled
out the haonv trium-
Sirate.
Olen Hollister
! owns and operates
th Wheeler street
garage, with his
?home next door to
Jk s - his place of busi
ness. His wife was burned while light
ing the range in her kitchen with an oil
preparation, brought from the ; garage.
Her husband was not at home at the
time. The accident happened at 11
o'clock in th morning. She died at 4
th next morning in St. Vincents hos
pital. . . ,. . r
Mrs. Hollister was the daughter of
Mr. and Mrs. M. A. Clark of Tigard, and
Is survived by seven brothers and Bis
ters, in addition to her husband and son.
x
'H. k:
IDENTIFIED
AS CRAWFORD
(CoBtlnod from Pas One.)
her husband for IS years, prior to his
disappearance, according to Mrs. Craw
ford. "It would be impossible for Mr.
Jenkins to be mistaken, because of a
peculiar birth mark, which Mr. Jenkins
knows quit well. In case of any possi
ble doubt he would seek out the birth
mark at once. ' ; i t
Wlth an emotional tremor bordering
upoa girlish joy fulness, the HUle woman
who has for months employed every
available means of finding some trace
of her husband, assured The Journal that
she had never doubted his love and fidel
ity. I knew that something over which
he had no control took my dear husband
from me and, now they have found him.
Oh, I am so glad. God Will bless you for
giving me this good news tonight,'" she
said. ' i i ? - - .
C. K. Stewart, Crawford's former
partner In the lumber business at Three
Lakes,' Is in constant communication with
Jenkins in Baa Francisco, and now that
Jenkins - has positively identified .' her
husband, they will take immediate steps
to send him to her. ; Mra Crawford
stated.' -!..
Harrison Jones, member of a prom
inent pioneer family of Oregon, ts dead
at his home near Brooks, aged 69. His
father, a .W. JEC Jones, settled near Ger
vaXs in lsa4. .
-J I I LI 1 U ij , , r3 lrX il i
$9.85
$10.85
1207 Dainty tongue pump in black
kid, suede or satin, with inlay strap
effect of black kid or suede leather,
turn sole and covered LXV. heel. For
mer price $13.50.
lIHIIilHIHIlM .
If you have deferred your needed
r
. shoe purchases, the "Excuse of
Higli Prices has faded away" and
the time for the exercise of your
judgment of true values and the
practice of economy has arrived
and meets you in the Baker stores
, -t . - - .
After seeing and subjecting to crit
ical examination, the hundreds of
extraordinary values in the sale, we -.
feel certain that you will become a
satisfied buyer.
12,05 New cross strap slipper in black
kid ; black kid with black or gray suede
back; all gray suede ; gray, blue, white
or black satin. Former price $13.50.
From the first day following the original announcement of this sale,
oyer 60,000 women have bought shoes in the 12 Baker stores, and
the interest is growing daily intoia wholesome contagion: I There
are still thousands at wonderful values to be had at a saving of $2.50
to $8.25 a pair. - . "
380 Washington Street
308 Washington Street
270 Washington Street
270 Morrison Street
Los Angeles
Portland
San Francises
i