The Oregon daily journal. (Portland, Or.) 1902-1972, April 21, 1922, Image 3

Historic Oregon Newspapers

The Oregon daily journal., April 21, 1922, Page 3, Image 3

Image provided by: University of Oregon Libraries; Eugene, OR

About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (April 21, 1922)

Prev Page of 24 Next Prev Issue Next Text PDF JP2 (6.0 MB) Clip/Print Image

Return to Top

Prev Page of 24 Next Prev Issue Next

Newspaper Page TextFRIDAY, APRIL 21, 1922. TIIE OREGON DAILY JOURNAL, PORTLAND, OREGON EXPECT HUB I 1B1ST0 AGE Oil BOilUS ,' ' Br tmrH lawreare (Cofrrisht, lt2J.br Tbe Joaraal) ". ' , t Washington. April Jl. Asxeament b tn Prealdant Harding and admlnis t ration leaders oirer tha flnanctnr of the government deficit aa well aa tha hand luK of the bonua Uaua appears to ba In Sight. . ; :. .. . . y; . (. , ,: . t Definite plui ara "in the maklns; which It la hoped will bring- Prealdent Harding and Uadara of tha houaa and aenate into accord and allow, baasaes ot a bonua bill within tha nit few waeka. I Mr. Harding baa not yet consented to ' tha plan, but haa encouragtd senate leadera te work it oat In detail and con ', ttr further with him about It ' ' I First of all, tha plan provides (or tha i payment of a bonua to ex-eervice men ttita year. Tha president waa told by Hanator -Watson . of Indiana that thera wara enough votes to pass a bonua bill la tha aenata and. Indeed, to pasa tha houaa bill If that la Ufa only measure submitted. In tha face or a certain yets of tha bona bill Senator Wataon and hla associates ara at work on a, aubatl- tute which may win executive approval. CIHAHCES DECLARED GOOD I Tha procesa la aomewhat complex, but unless BecreUry Mellon can find a rloua flaw tn It, tha chanoaa ara It will through. Hera la tha altuatlon and tha plan : ., t I xne aenata cannot' originate revenue Uclalation. but It can amend any act already providing for tha collection of revenue.. So the pending tariff act will be uaed aa a device to overcome conatL tutlonal objection. In the tariff bill wilt be written a clauae empowering tha traaaury to jiaaue eertlflcatea Of Indent edneaa amounting to approximately I1DI.0O0.00O. which la tha awn experta ' believe tha bonua will require tha flrat year. . ,- -,. i. '. -, IThe authority will be given theereti . cailly In anticipation of recelpu from lm port'dutlea. In other words, to meet ex nemaea of tha government tha treasury wl . borrow from the public , to ' the amount ( 1105.000.000 and presumably pay it back from tax receipt a. tsea.Ma.aaaa i bight k ' But that will not ba necessary because by July 1 the United 8tatea government will Teceiva 1200,000.000 from Oraat Brit aia aa tntareat on tha war debt. This will ba used to retire tha traaaury cer- tlflratea. President Harding would not permit tha traaaury certificate to be Is sued as against reoelpta of interest front foreign bonds until money la actually In tha government a possession. . 8o tha , Isadera ea tacking the measure on the tariff bill. , Tha beat course would have been to wait until July I and then Issue traaaury certificate, but administration leadera ara embarrassed by tha action of the Republican conference of this week, which haa ordered tha aenate finance committee to report out a bonua bill 4 within a reasonable time and thta now Is Interpreted as meaning two or three , weeaa. Rather than accept tha houaa bill, which would ba futile and mean a presidential veto, tha aenata leadera feel 'the treasury certificate plan will meet , the wishes of the house ways and means con mil tea aa well as President Harding and would save much legislative time. . If IICE DOCBTFCL v ' To Issue, tha treasury erfttflcate. on the! expectation thWt ' tarlf r oelpts will provide money enough to retire them is necessarily doubtful, but tha Republican leadera do not for a moment expect rev enues from Import duties to pay the bonus they are confident of tha British Interest Traaaury officials confirm the I r i H . I .w&. fc- ni.ik- (it i . t iniutirwuini inai uw ivmu win pax Ul inieren on me nrsi or juiy. Tnia grves 1200.000.000? which Mr. MeUon had ad- ready counted on betora making hla statement of a $414,000,000 deficit. So If 11 06. 000.009 la used for soldier bonua pur pose tha total deficit for tha fiscal year 1921 will be i8.000,000- As to this deficit congreaa does not have to face It before tha December session of congress this year. That meant the eong-reeaional elections will ba out of the way. v 50 FUETHEJa TAX " ; ' - " One-thing can ba written down aa cer tain. . There will ba no further tax leg islation this summer. Republican lead ers have, agreed upon that. Not only would It . be politically on wise to add taxes before the elections when already there la ao much dissatisfaction because congreaa didn't materially reduce the taxes In tha present statute, but Repub lican; leadera ara convinced that Presi dent Harding's suggestion of a new method : of taxation ought to be worked out. Mr. Hardin has been won over to tha eaies tax. , Tha main objection hith erto haa been that if it were put Into ef fect this year, the political effect might be " disastrous, as the country , would hardly have time enough to adjust Itself to tha .new tax when the elections would Intervene. But in tha December session of congress tha Republicans feel they will have a free hand and will ba able before the 124 election to correct any defects tn the aalea tax plan. GETTIXO K1DY TO PAY . ' la brief, therefore, the administration Is gettlna ready to pay tha soldiers their bonus, to forget about the half billion dollar deficit until next December, when tha elections are out of tha way. and to consider seriously a sales tax as a aub atitatet for all present taxes. In addition to this. It la now practically certain that when tha British government turns over Its four billions of war bonds to tha United 8 tales government, the treasury here will endeavor to resell these bonds to .the American public, and thus get back into the treasury a big slice of the war debt Itself and tide the American government ever Its next few years of financial stress. Senators say a British bond with - an American . indorsement would sell aa quickly aa any bond on the market today. . ; . . K - . '". REUS EAST KEEPS KECE8HTT OF NEW TAXES ' CAUSES COSGBE8S COXCKRX ! By Jeka Glelstaer a- f . v (Cnitrf Kew Staff Uortwpoadent) ' ' Washington April 21-tThe possibUUy that H may ba neceaaary to Impose new taxea to meet the prospective huge defi cits (or the . fiscal year which begins July 1. Is causing genuine concern In congreaa. -s ; r ' . if.'' i'';r ' Secretary 1 Motion's letter predicting that this deficit will be-half a billion dollara served to bring forcibly home the plight of the treasury. The plain fact, which cannot be escaped, la that government finances . are in a terrific Jam. . .... . The administration -will be obliged to go before the country with : an unbal anced budget, despite the creation of the budget bureau, and heroic efforts to en force economy. That causes worry, be cause If higher taxes can be avoided, new borrowing will be neceaaary. In any event, the bills .finally must be paid and that means taxea. Taxea ' always are unpopular and there ; ia particular anxiety to avoid them In an election year like this.' , Aa a matter of fact economies have been carried out by congress in making appropriationa ' and in . the administra tive departments. - But during; the next year, obllgatione ara, due -which must be met. for which the war; !a to blame primarily - It ia -the Job - of -cleaning up" to which Senator Warren, chairman of tha appropriationa v committee, and Representative Madden, chairman of the same committee tn tha house, have so many times alluded from the.floor ; . They frankly told congress of tha huge demands that must be met. and - said they I might as well ba ' recognised and " , . . V- Highest treasury., officials Thursday eald they saw ne way 'of meeting the situation without -new taxes. They add ed no, ftudy haa been tven ko possible levies, !or other ways ' of meeting the shortage of. funded This Is the view point of the business administration ox the government. The politiciuia on cap Itol hUl may regard It differently. There could, of course, be a new bond Issue, but the treasury does not want that. Several bllllona In securities are matur ing In a little mora than a year, and must ba refunded. Thla In itself la Jab enough without new loans to float. Chairman Madden said it ia not poo- VATCH OIJ GETJ1 HtV"'r' ' -; ii?,f By', 0astaatlae Brews ' -JSpeeial Cable to The Oregon Jeuraal aad the tOspfSfch. 1SZ2.I ' Constantinople. April 21. That ' the allied and German-Bolshevist split In tha Genoa - conferenca ; will affect - the Near Eastern question none here .doubts. It Is ' common knowledga " that at the present moment the Bolsheviki delegatea dictate ; at Angorandthat"Mustspha. Kemal Paaha Is Entirely dependent for money, war roateriai and eventual mili tary support on the Rnsslans." When the pour parler with the allies began Moscow was. consulted before any decision waa taken, and M. Arlov. the Bolshevist ambassador at Angora,; takes part In all the cabinet meetings. VKOED BEUI . - - ; . On the ether - hand, .the Greeks atlll considered - by the nationalists as aepresentatlves of the allies opposed to the Turks and it is unanimously believed In the Near East that war sgalnst Greece at the : present" moment really means war against Great Britain. So lone as the Russians thought, the Genoa conference -might have favorable results for . them they sldvised. the na tionalist government to adopt concilia tory attitude. an4 play a wait-and-eee game, but now after the Genoa breach It. la taken tor granceo tnai me tusaians have no further interest in .a peaceful aolutlon of the Near; Eastern question, REPlIT SOT RECEITED ;'';. : The . pationalUt answer . to 1 the last allied note requesting the Turks to ac cept irf principle the peace terms framed Paris.- leaving- the .details: to . be dis cussed at, a conference,: In -exchange for the'-evacuation of Asia Minor, has not yet-been received, i . According to advices . from Angora, however, the' nationalists are credited with ia typical Oriental reply. '- It la be lleved that they -will accept the allied proposals, but .will demand that, the questions- of Adrianople and Galltpolt be Included in tha.detalls' to be discussed. REPKESE5T WEAITH ' i , Meanwhile the Greeks ane making' ef forts to be prepared, for any eventuality An addition ; to large sums .subscribed by Greek patriots abroad the Greek peo ple in Constantinople, collected In a few days more than 500,000 for the prosecuv tkm of tha war. Local Greeks, who are all devoted par tisans of Veniseloa and hostile to King Constantine, seem to 1 forget political rows and demand to be sent to the front Though comparatively few In number, the members of . the Greek colony in Constantinople - ara wealthy and their financial ' support Is important to the government at Athens. Expect Eatifyingv of Shantung Agreement Despite, Opposition ' i - " i Toklo, April 21. After long debate the Privy council : will ratify the Shantung agreement reached ' at the Washington conference, tomorrow, it was authorita tively learned; this evening. ' ' . This la the first of the -Washington treaties and agreements to ba taken up for ratification by Japan. ' The .Tap treaty will be the next taken p by the privy council .- . . .According to information received at the foreign office,, all of the , Washing ton treaties will be ratified by the privy council within the next month. -" 2 - . This ratification, it was stated, will be effected despite great, opposition whkh seems .to cfenter chiefly on the Brandegee resolution - adopted by the American senate. to the four power treaty. - ' 4-T According . to ' the foreign office the government policy will prevail with re gard to all treaties despite the opposi tion. , utner reports,- however, are not ao assuring, several of the councillors being imported as balking; at the- reser sible to tell at this time uhat will be done,' but he haa warned the house re peatedly that if the economy program of the appropriations committee were not followed, congreaa would be com pelled to go before the people with a new tax bill. Originally the. appropria tiona committee expected to save more than $300,000,000 by slashing the budget estimates. But this haa not been easy, because congress 'has refused to follow the committee's lead.: Already. Madden admits, the saving will not be .more than $250,000,000, and, it probably Will be much less by. the time congress gets through. , ' s ' ' Chairman McCumber of the aenate fin ance committee Immediately began a study , of 1 M eUoc's Is tter when .. he re-t turned" to the capital Thursday. - The matter will be discussed when tW fin ance committee meets: X3iaina'tt JWrd-"T ney of the house ways and means com mittee said he knew nothing about Mel- Ion's letter, and that the matter would be taken care' ot next year. He de clined to comment on the possibility of new taxes. Fordneyfischtefly respon sible for . the soldier bonus' bill which passed the house, proposing to take an other $75,000,000 from the treasury dur Ing -1323, without providing any way of raising the money.. -. . . ? - .Boys, . ar- fffloml- in Clothing Values in the Boys' Store Run" SATURDAY :';,. V.:-; " Regular $15.00, $16 0 and $20.00 Boys' h tilts - With Two Pairs of . Knickers ' ' - ; " -''V sti, Here axe suits that win "make a hit'V with Mother, Dad and you! , Exceptionally fine jarmeiits, splen didly tailored and reinforced . at points where ; the wear Is hardest; taped seams and full mohair linings.' The fabrics are all-wool Cassimeres,; Tweeds and Cheviots, in'all the newest shades and patterns Extra ' "KIlicks,, with every suit; many of them with "Hve leather" and self belts, included. WearPlede Suits and other standard makes of equal hih quality axe ; in this ass'ortment Boys Department, Second Floor. 2; : . -1 . ' . t Mail-Orders. : Fined"" ' A. 5 . A A: BE i ...... N ' SELLING Portland's Leading Clothier for over; half a : Century vatkn. Mother Sacrifices Life to Safeguard Children, in Blaze Kansas City, i Mo.,'' April 21. (IT. Mrs. Katherine Enoa, , 23. farmer's wife, near Ielson. Mo., allowed U self to burn to death today ! rather man endanger the lives of hen two children with her flaming "earmenta. 'Her clothing ignited from' a stove Just before she died from fatal barns she told her husband she ran to a room to set a blanket to smother- the flames but was afraid to take it from the bed where the two children were sleenims. Mutineers Fail to . Seize Munitions Kingston. V April . CL X, S.) Mu tineers today failed in an attempt . to seisa munitions on" board the gunboat Helsra stationed tn the harbor 'here. - Adaily temptation: Red Rock Cottage ; Cheese order your week-end ' and Sunday1 supply from your grocer, mar ; ket or delicatessen: Eat ' - Red Rock every day 1 it's deliciously. good ! : . JJaide fresh. Saily at the plants of . Red Rock Dairy X Attention 500. Mothers! Sale of 850 GMdreh Hats From 2 to 15 Years : Two Prices For Saturday ' OnhA: Patent Milans 0 I . Regular $2.00 to $2.95 $1.89 300 Patent Milans Regular to $3.95 and 50 Handmade Fancy Hats For the Younger Kiddies . Regular to $4.50 $2.89 ? " .1 '"'1 Stxtf - mtsuneay CccdraTdccix ot this aznialtely Aasjtel on ch skin natbea tad coda, and orvcrcot&c bssrvy pesspifiew It is aa idsal face. sain, baby and dusting powder aad astos the place of other perfumes fotbs akiB. , ; , Sin Swff t IMnw ' Shak Into Your Shoos WW g?g"gBfegggB''' J, ' . . - ". 1' "L ' UL J mmu-i ...i.ij -js ApAiff CO'- ' " L L .L yAA::vAAA AN '- 1k AA : ; J" ' V - t . . - - vr - V't - . ... I - ...i. i - - - ' - Ani awe mspvrgA- f i. . ; t.; ;. ' drama of the .; Royal - 'AA ' A Tl -js.' , Northwest Mounted r ; V" " iA: ' 1MC V v and the great North- V.-A, A-AAA, NTk -V?'r -''"fll - -: - ' for'the , women'; they :;! 'iv AA-';' y-V- - j v ' ' AW-'A0& i":l;Tcday! - A : . , y?fA vAAA- aA.A Brother: a gainst1;":'! iTv") -' "' ' - - ' brother ! Watch Lieut.: J V . v , ; : John Whitley trail hisj :aA (a 'A " X : twin - rirotherthrough' " - v . l - A - ; -' ; the)NortHern Bleak" "": TAAv ":""f ness :vneaeaedLCpJ f AA ; ' v the weary chase. ' f ( " "Louise Lovely and y1 '' Roy t Stewart at , their, ) , best and I rib "better U A , 'combination of players v j j - ; f ever could portray this 2 1 il - V ' epic-of the NorthwestjV l A-A. more effectively. ---A-'i L t' j) -Vmm fAAA AAA A A" A---:i-- AWVAh-) A'iAA:- ., .' - : Comedy , 7 AAAM ' V '' v ' :AA-A& DarkHorse,c: :r':'AA ' A mimMmmA? Allen's Ease Tlie iVwtfejr Wlha Fast ' This Aatlseprie, ; Healiag povder: USM tha Minimi jfreahena'the fesjfc an spves aew vigor! : Makes tight ornew shoes feel easy At nlrht wbsr yoar lltl ara tired,, sore land - swollen from walking or dancint, sprtnfcJe AIXKN'S FOOT-KASK tn tbs foot-bath and esfojr Ue bliss 1 feet k-ttbM aai ache., . Over 100)00 lbs. ot Powder lor the Feet were CBed by oar Army and Navy doring-tbe war. ;Ia a fsduise Aim-s ts:t-eats SALVATOl-.-SANTAEL!It 41reUa the blr ElvoU Orchestra la J"''t and It Ue.ssaai eesc.rt aa 8si4t i v . - ...... - '. ... '. - w. - ;- - . v Ballet Krystisa i ....... ,. la) - Allerrs aea tresao , a) Allrrretto - -(r 'Aseaate asslessts - e ' AaSaat rsrelT lesset" it rest L'Aiiesleaae) rSOGKAX .M..'.l.a!rlalA A- The asay goat." RIerllea....'.LsiBe -5aaHsss-. iSpaa,hl .IT site) v Mese.t i.'.. ..I.... ;......Csrbla -TM Mrry .'MTIves el WJsitsr" - -, Oifrtare ...Sleelai A ':hAArA,::y;: :o:;;.;-3, H .4-?