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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 12, 1921)
THE OREGON SUNDAY JOURNAL ' PORTLAND, SUNDAY MORNING, JUNE 12, l2f. 2 HIDING IS SURE WE BUSINESS ; WILL COOPERATE international Bankers Please the President by Promise to Work Vith U. S. in Financing Trade Journal Wire Flashes Z , . By David Jjwrenoe (Corrriftbt, 1931, by Tba JiraI) -UTashington, June 11. President Xlixdiiiff -feels that the admlnistra ttn haa passed toe first milestone In thi journey of understanding: ' and rjd feeling to be traveled 'by the Fuyeniment and private business. -The president announced that the gov ertoent here bad received satisfactory assurance from every group of Inter , national bankers to the effect that the l&Xter would gladly cooperate with the . government in the matter of financing enterprises for foreign peoples. This is really a new departure for our - gjyvernment In peace time, though Eu ropean governments have always worked in -close and intimate relatlonsbinwltb private industry and business. From April. 191T, the United States govern ment did all the lending of money to X? reign governments inrt peoples. Prior that time, when America was neu tral, the big banking- institutions of this country lent large sums to Great Britain ei4 France and though German sympa thizers did all -in their power to pre via t the floating of such loans, calling tjm unneutral acts, the . United States nevertheless didn't interfere v in the brightest, giving neither encouragement not support to the loans. TO TAKE PART .'Now, however, the Harding adminis tration has decided to become an active priicipant in the sun for entirely dif ferent reasons. The political aspect of foreign loans has disappeared and at present it is entirely a question of world economics and particularly a matter of domestic protection against the uninter rupted flow of American capital to foreign countries at: attractive rates of , if-terest. ... -Mr. Harding an the cabinet have no If ial power to interfere with the float ins of any loan in peace time. But the eaercise of moral influence by the gov ernment can be made an important fac-tt-f. If the administration were to Issue . acpublic statement letting the American people know that: a certain Joan was not tTb best interests of our domestic bual- . usia situation, the banking houses en deavoring to float such a loan would run - u; against an indif ferent Hot of people i, and the Joan . would be doomed. . So it i; Just as much to the interest of the ' takers as the government that there , ! Duld be cooperation. X rBOYAIi JTECES8ABY . -CNo loans, therefore, will be floated of 'rliich the government disapproves. It was made quite clear at the White House trat this doesn't mean the beginning of ar&overnment guarantee of private loans. Ivor does it mean that the government rarda every proposition offered by the i!Hernational bankers as a good invest ment The public will have to judge tor itself the merits of each loan. But Hdoes mean that every loan Issued will fc-tve bad in advance the tacit approval eCthe government in the sense that the . J irdlng administration "will baveben. r Jrea the opportunity to express an 6b i etlon and thus kill the loan if it deems t-.e-' project against the interest of the rJple as a whole. i " Vv H. TO KEEP TRACK ' r-ln this way the government will keep . track of all loans or enterprises which f iy in any way take funds out of the United States. The Harding adminlstra- t 'n feels that foreign governments bor rowing money here ought to agree that : te sums received shall be used indi icrctly to pay off private obligations to JMnerlca or to finance American export trade. . ' -.In other words, as the president himself explained to friends the other day. no ' (4igle measure of relief is contemplated i ty the government In guiding the coun t back to normalcy, but the whole sit IMttion. national and international, is feeing surveyed and no phase of It like International banking Is being permitted txr encroach on any other phase. Thus tfc-e government bones to bring about an era of understanding all around for the ultimate betterment of business condi : CenSk There was . considerable gratlf l sSjtion at the White. House over the as surances given by the International tinkers that they would cooperate. It vms Indeed inevitable from the start Chat- they- would, i for the i power of the fuvernment to prevent foreign loans from being; successfully floated Is a most tactical reason, for willing cooperation &a the part of the bankers with the '. p-overnment. - '. 10 GET WESTEBK VIEW -Meanwhile more conrerenccs are to be held with Western bankers to get the Viewpoint of other sections of the coun try besides the East. The treasury and federal . reserve board have representa- Cves out West now who are investigat- tajr-the financial situation and making a.--list of bankers and business men who Culould be invited to the Washington - meetings. The prospect is that during tire summer montns tne taramg aamm - teiratiou wflt be taking a: good deal of cminsel, and the only discouraging fac , tar In the whole situation is the fact . that, congress has not yet gotten down to fctass tacks either on the tariff or taxa tion. It Isn't that congress is loarlng, far the same congressional speed Is be ing maintained as usual, but the two subjects tariff and taxation are much tij big to be disposed of by July 1, as er; many optimistic Republicans prom- fcjed in campaign days. r . . .Nobody will begrudge .the time used, STjjwever, If the results are satisfactory, frangel's Troops $May Be Sent on to 5 Join Siberian Force By A. Bradford - .United Prau. Staff Correspondent --Washington,- 4 une il. About , four thousand troops of the remnants of CneraJt 1 V Wrangel's anti-Bolshevist f-urces,. now scattered throughout Tur kry, probably will be sent to the Vladivostok area of Siberia to ; join fpeces, there opposing, the t soviet, ac cording to official advices here today, rThls information has i been given to aied officials In Constantinople by the neral staff of the. W range 1 , forces, u-hich were severely " defeated by the Bolshevlvl' in Southern Russia, f - VVhlle Wrangel's general staff admit ted that about 4000 troops only taiall part of - the old anti-Bolshevist f-rees may be sent to Siberia, It de t red te allied officials that any large r irt of the ld Wranget ' force was ; .inr to Siberia under Japanese sup-' -.This latest development in the tan ! -A Siberian situation was considered fe...rnifioant here, ae it ts obvious that none ef the old Wrangel troops could be sent on the long journey from Tur key to Eastern Siberia without come outside aid 260 War Claims 'Still Unsettled Washington. June 11. !. N. S- There are but 260 unsettled war claims now pending against the war depart ment as the result of the World war, it was announced this afternoon. Between IX0RE3TCE, Ala-(I. N., & Resolutions approving the position taken by Admiral W. 5. Sims in his London speech against Sinn iFein propaganda were adopted today by ,. the Alabama state ; legion. ; BUFFA1.0--(I. N. a) -Fire today wiped out the big cantonment build- ing at Fort Niagara, near Youngs town. N. Y., with an estimated loss of 500.0KL ... t " '." f.V,. , gFATTLE-(U. P.) Hit by a falling tree. M. Pearson, logger, em ployed by Allen-& Nelson Mill com-' pany, at Monohany Wash., on the east shore of Lake -Washington, was instantly killed Friday afternoon, . ITEW YOBK-(U. S. Jersey City Is to have an anti-prohibition parade July 4, and Governor Edwards has -written to the director of the Hud ;' son county branch ; of the national , association against the prohibition amendment. Accepting an invitation to review it. SAX JOSE.- (L N. S.) Fire starting from a welding machine today destroyed the plant of the Fred Cook Oil company here. VANCOUVER, B. Ca. N. S.) Water in the Fraser river is already higher than last year, when crops valued at hundreds of thousands of ., dollars were destroyed by floods. WASHnr6T03- CC. ir.) More than 100 brewers are preparing to seek a court order to force the ls suance of permits for the - manu- facture of medicinal beer, - accord ing to testimony of Wayne B. Wheeler, " general counsel of the Anti-Saloon League, before the rules committee of the bouse. LOXDOWtt. N. &) Returns fat ' the Ulster senatorial - election today showed . that with the exception of three Unionist Labor nominees, the senators elected to the northern par? liament are all Orangemen. . PrEBLOCU. N.)-rWith the re covery of two bodies near Avondale, the total of dead in the Pueblo flood 1 has reached 47. More than 100 are missing. - CHICAGO.T (U. S.) An end of the Chicago building:, trade .strike and lockout was believed in sight ,, tonight Both sides agreed to sub mit , the dispute to Judge K. M. Land is for arbitration and to abide by his decision. - - ' BOSTOjr-(L N. S.) Marie Curie, discoverer of radium, was made. an honorary member of the National Women's Medical association here today. The association also went on record as favoring the Sheppard Towner bllL s- . March l; and May $1. 79 claims were passed upon. Of this number, 240 claims were settled for $8,600,000 and 129 claims were disallowed. The disallowed claims aggregated $54,000.000. . The wireless station at Carnarvon, Wales, has succeeded tn sending roes sages clearly to Sydney, Australia, a distance of 12.000 miles, - Whether one single piece or a house full is selectedEdwards will arrange easy terms to fit each personal requirement during : . - this June exhibition and 4, -ft V (0) If- n P P n a 1 t 1 C .3 ff .Z3 C;'" 1 C U0i itii ii L. See the . Windows -Today . The same as any other time. Select fittings for every room complete, floor coverings, draperies and cooking utensils- in eluded. Everything' put on one account, with only one cash pay menU Edwards does not charge interest, either, even on Bruns wick Phonographs. See the Windows Today . - . eft Wedding and Graduate Gifts Are Ready . 'Gift that last" T goes without saying that .. v ii. i leweiry ox silverware is xnc most appreciated and accept able of all gifts for brides and graduates. No other carries your message 50 well. ) - - - ; ;- : . Discriminating buyers 'will profit by visiting this store, where displays are complete and variety 1 great, from the inexpensive to the more clab orate. to; We employ the technique of the artist, the skill ; of the artisan and the science of I; the ; optometrist in designing. . and fitting ; glasses to suit your individual needs.-. j Mortuary Urns $ 1 0.00 Up A. I & C. Feldenheimer ! JEWELERS SILVERSMITHS OPTICIANS . j Established 1868 WASHINGTON STREET AT PARK 'I'"' I ' " ' ill ii . I .111 11 nil 1 .ii i ,1 1 .11 ,'T pi. nil 1 1 m 1 SIdlled Optical Service r 1 111 - . w 111 II III fV-1 J You want perfect eyeglass service, and the one way you can always be sure of getting it is ' to entrust your eyes to a firm whose goods and methods have been proven perfect by a long and reliable record. I Perfection, in designing and : grinding Kryptok glasses the invisible, bifocals- has been attained by us as the result of just such a record. ' J Every pair of Kryptok glasses worn by one of our, customers, fitted as we fit them, is certain to give unqualified satisfaction. 3 We design and grind these glasses on the premises to meet your ind i vidual require ments for near and far vision.' J You lare sure of the genuine when you come to us ' SAVE YOUR EYES y THOMPSON OPTICAL INSTITUTE CHAS. A. BCSCO, Presldsat ftM Oesaral Kaaager' ; Eyesight Specialists 4 : Portland's Large Most MoJora, Best Equipped. Exclusive Optical EstaUiaknesit 209-10-11 Corbett Bldg Fifth and Morrison SI3TCK 198 , Four Fine Pieces to Match in Hand-Rubbed Wax Finish $75.00-- Fine Oalr Library Table with ?x42-inch tops Solid Oak Bound Arm Rocker and the upera-seaiea vsk Jtvocaer, are laennuai um illustration. Arm Chair has been replaced' with a clever Wicker Chair upholstered with cretonne adding much tone to the suite. Here's a Wonderful Value Three Massive Pieces 395.75 Massive I Colonial Post lAbrary Table, with very pretty grain quartered oak top and legs both rockers are of solid oak and the auto cushion ' seat 4 are covered with heavy veal stock genuine leather. Not identical, though very similar, to Illustration, j 'See This Luxurious Suite in the Window Today $19S Tapestry Overstuffed Davenport. Chair end Rocker to match wonderfully built with lull spring base and spring-filled loose cushions and fine big ami. You will be particularly pleased with the very good quality tapestry, the design and colors are good, too. I ..- Beautiful Baronial Brown Hand-Woven Wicker Now -$G3.70 'Three fine pieces Settee. Chair and Rocker not identical, but very similar to the IHus tratlon. Harmonizes well with oalc furniture. Is light In weight, yet built upon a luhntin. tlal frame. You can .have any piece U ths entire set is not needed. ' ' ' ' ' 5TrTgasT 1 .If Six-Foot Table and Six Solid Oak Chairs ? :;-.a59i75rf-:-; Hand-rubbed wax finish to snatch the livlngr room suite at 976.00. , Table is 46 inches in diameter, and the massive base la Identical to the illustration. Eaoh chair is securely built with saddle-shaped seats, supported with iron angles against the back posts. Also displayed in the front "window today. Queen Anne Walnut or Mahogany Table and Chairs Queen Anne, the most lovable and charming of all periods. Table has fti-inch diameter top and set of six: chairs arf finely , in.iahed to :lmatcb ejher walnut ot m-ogany table. Blue or brown genuine leather slip seats. . 'Jacobean Oak Table and Set of Six Chairs j,Ai$lp9-:';--: iV-Five Straight Chairs and Carver are solid oak with genuine leather clip seats, identical to i the lllustranon. laoie - nas -incn : ummeier tnn that onens to six feet. The base differs t slightly 'from the ; illustraUon. See them on second floor tomorrow. English Windsor Breakfast Set Five Pieces $29.75 The Table. .which has stained top and white enameled bae, . by f ar wurpufsteo the HJutr tion in appearance square tUler-buitt contjn. uous-post-back chairs, and are very attractive. If you go shopping on theae chairs, don't feet confused and compare them with round-Iiller back chairs. ' I ' 1 ' While Any of-JThese Suites A Remain the Price Will Be : - All five "pieces are ' like the lllustratlea and full sise,. to. Only a few left In both ivory and white ; enamel finishes, therefore, early decision is suggested. If desired, you can leave out the dressing table and chair then the price will be only J57.00. Colonial Suite in Walnut or Mahogany $ 1 66- Bed, i "Dresser and Chiffonier, quits, similar to illustration and, for i your convenience," they're in the front window today. You, like "many others since the price has been reduced, will be surprised . and pleased to know such fine pieces as these can be had for so , little money. , t Ivory-Enameled Continuous Post Bed, Spring and Mattress -$29. A typical Edwards value square link : steel spring. 40-pound felted cotton, rolled edge, re versible Mattress in art tick, and "Hd bed that will stand a lifetime. See it on' the third floor. This Hand-Decorated 1 Charming Blue Bird Suite $119.75 The five piece are identical In outline tn illustration each hand -laid "blue-bird" Is grasping at or rest Ing on hand-laid floral branches, others are merrily fluttering in the air. You could pay 200 for a set and it ma not even be decorated nor please you as lh blue bird will. lal la! Discarded Furniture RUGS AND RANGES Taken as part payment on new .furnishings, regardless of what you may select. Tne aixenange f loor is a pact oi wonaenui convenience. If In need , of an odd piece of furniture and i you're not too particular as to style, visit the fourth floor, j There are many very inviting bargains. BRIHGS TOtI THE KECOltDKB MtTSlC OP THE WORLD WITH OVEBWHELMISO ADVANTAGES - BIWEBE5I ASB BETIEB. TTiis Model With 10 : . Records and Equipment $ 1 50.75- ' SIS CASH S3 WEEK SO MTEB.EST. The most popular of all the Brunswick models. Can be had in waxed oak, fumed oak or mahog any. Tne new records are reaay atop ana them on uus asrunswicx. - X V'a.lliLiios Suioireinnie Gas Range and Kitchen Heater Combination Set Up and Connected Ready for Use Including Hot-Water Coils 116 Cash $S Weekly 3e Jntrrtat Top of the two-lid kitchen heater lirts up and catches you get the -free ue of both hands Burns wood, coal and kitchen refune Is equipped with gas lighter no kindling needed at any time. i i Top lids are polished no blacking). Body ef entire range is of ruBt-renitttlnic pollh"d steel built in cast frame. Oven and broiler doors, as well as back and oven side of burn ers, are of white-porcelain. Notice the con venient wanning closet above the gas oven. No I matter what your ' floor-covering requirtmenu may be, it's to your advantage to visit Edwards. New end Choice Kugs and Linoleum are arriving rapidly now all being displayed at lowered prices, and there's a material difference between now and last fall. - . Just arrived last wetk. - . Shown for the first time. . And they're real beauties.: too. . , - Very high-grade linen fringed ' 9x12 Wilton Velvets I A OoodFJjce To 7r iV cesy i cms -.o i.itensT These are real values and for designs you'll agree they're some class. Last year's price on these rugs was fill). Today's market value Is considerably higher than See them yourself, and then decide. Naturally, those chopping early will have the best choice. Yes, easy terms,-too. iril r