TarsDAY;;:;:;ovE::i:i:R 21, 1022.
r
ays
pap.. c3MOSfliy w:iimp ave -ju cp
is imperative;
"-''' CConttnaod From Pw Oxi
I to re-assert an American ..-we will'."
Mr. Harding- fairly shouted the last
f few words and there was an outburst
of applause which, quickly subsided,.
1 . Two other outbursts of applause
marked the progress of the address
- one when the president said he was
glad that American labor was pro
y teeted in the shipping world; again
2 when he promised additional aid to the
j farmers.
The president spoke about one half
i hour. There was short outburst f
applause when when he finished, and
then the senate melted away and both
houses went back to work. . 1 - '"
The president returned to the White
' 2 House. t
.'Th nresident indulged In very little
rtietnrira! "flaar wavine although he
AiA nv it was the patriotic duty of
congress to provide a strong American
i merchant marine, and he observed
I also that foreign nations "are in com
plete accord with the opposition here
0 to the pending bllL"
1 - But, for the most part. President
? Harding laid before congress cold
2 dollar and cents argument.
1 He told the congress that the -Amer-f
lean fleet of ships is now costing the
2 taxpayers of the country $50,000,000 a
t year and the ships are rotting at their
f wharves, so that ultimately the great
.fleet bunt at such enormous cost dur
i mr the war wm represent a xoiai toss.
I The subsidy provisions of the new
1 bill, he declared? will reduce, this an-.
Y nual expenditure by naif. In otner
1 words, save $25,000,000 and instead jot
f the ships jotting at anchor, they will
ibe carrying American commerce to the
2 four parts; of the earth, ultimately, be
i come altogether self-supporting aod
finally, pVovlde the nation with a
strong, capable merchant marine the
, C dream of years. J .
"if ASKS 3T6 SEW BUEDEJSr
2 "I am not asking your authorisation
1 of a new and added draft upon the
1 treasury." said the president, "TE am
! appealing for a program to diminish
the burden we are already bearing.
."When your executive government
knows of public expenditures aggregat-
ing 450,000,000 annually, which it he
ft lieves could be reduced by half
-- 1 through a change of policy, your gov-
3 ernment would be unworthy of public
a trust if such a change were not rec-
i ommended. nay, if it were not con
T sistently urged.
HARDING BEGINS
. BIG PARTY SCRAP
i iCoatiimd lo Pate Oae) r
: J the government 'spend not more than
30 millions, an economy of 29 millions.
' 31 To overcome tha? argument' the oppo-
f nents of the bill must how n alUN
y native equally good if not better. Con-
gresa has permitted the shipping eltua
.; j tion t drift ever since the war. Under
J Chairman XAsker's guidance operations
have become more efficient and busl-jsness-like,
but even Mr. Lasker Insists
f that as a business proposition more
f money s; will have to be spent in the
- 5 long run If the bill isn't passed 4han
if it ls. The adminlstraUon's strength
Jin thia fight lies In the fact that the
"1 i opponent of thef bill have revived
1 pre-war prejudice against the principle
f of subsidy without offering any. con
5 crete program to ' deal with the fleet
R which was inspired from-the war. The
' H case against subsidy . is built largely
' ' A A,, the idea that it will cost the KOvern-
i ment more money and the farmer
i communities of .the West are repre
sented as believing r money should be
, spent to help them they want a. sub-
, sidy in the form or rural credit ar
i rangementsv . Mr. Harding must reckon
4 with that sentiment and the chances
& are that he -will come to. an tinder
R standing with the farm .element in
t support of their' proposals in the De-
icember session f congress, Y
HIS BIGGEST FIGHT T-
J Por the moment, the president la
A making the biggest fight of his politl
i fi cal career. He feels his arguments and
V position are Invincible, for the respon
'jsibllity of congress will be definitely
2 fixed if the bill isn't passed. WUl the
- B Republican party in the present con-
- Z gresa. where the majority is more than
" S comfortable, turn the-president down?
5 A group of Insurgents are already de
? fylng the party leaders, 'but , they
"i haven't theVotea ta defeat the bill if
3 the regulars stick together. -?$?hk
m looKea oarx ror the merchant 'marine
. bill until this week. Mr. Harding hadn't
. n put on the heavy artlllery-Hi . sqjuare
s statement r me issues jnvolved and
Shis readiness to fight for. those issues.
lA special rule will have to e Invoked
Bit through. .The administration ie-Jon-
fident it can win lir the houae. .Once
the flarht is wen 1fl th Wor dniul
fut MMna, ui iniKcwoi . passage
In the senate will be' brighter.' The
.7 psycnoiogicai errect or vietory by
f jrresiaeni xtaraing n so , complex a
a subject .as ship subsidy and one so full
if of hostile phases would be beneficial
to the chief executive. It" would help
R him In other tasks. He itC therefore,
4 fighting not merely for government aid
ff to merchant shipping the' firs eon-
fgStructrve measure of importance in this
9 administration out, nghttng for bis
e leaaersnip or the Kepu biican. party"..
VOFm Tmd that old senti
I rant, M i n H o b t."
brtmif ht (jown to date in every
detail in' the service at the
' .
IJertall
I . 1 " 11 " ' " i ii.iii ii i i .I i ii ..in .in..! i r i ii i. ..n
Text of President's; Message
WASHINGTON, ov, 21. !. 'JC S.)
President Hardin?, In his mes
sage to congress-today on, the ship
subsidy, spoke as follows: .4..
r "-Mem&ere or tb -congress
Late last 'February I reported to
you relative to tit American merchant , exceed the 60 millions year now
marine, and recommended legislation ' drawn to cover losses in operation. -which
the executive branch, of the SATS WOftJt "WAS POOS
government deemed : essential to pro i . "3"h gloomy, picture of losses does
mote our merchant 'marine and with j not end even there. Notwithstanding
it our national welfare. - Other prob- j th known cost of three billions of dol
lems were pressing and other ques- j lars for the present tonnage, X will
tlons pending, and for one reason or ! not vnture to appraise its cash value
another which need not be recited thej today. It may aa well be- confessed
suggested legislation has not pro-1 now as at some later time that in the
greased beyond a favorable reoom-1 mad rush to build, in establishing
mendation , by the : house committee. ; shipyards wherever' men would organ
The committee has-gives the question lse to expend government money, when
a ' full and , painstaking inquiry and we make shipbuilders overnight quite
study, end I hope ; that, its favorable I without regard te previous occupation
report shortly will ,be given the force j or pursuits, w builded t poorly, f ten
of . law. I very poorly. Moreover, we constructed
"It wUl be helpfur In clearing the without any formulated program for A
atmosphere if we start with the frank lt marine. The war emergency
recitation of divided opinion and de- lPHi and the cry was ffor ship
termined opposiUon. ty- to no new i nykind of ships. JThe error is recalled
experience. Uk proposals have ai-! fegreV rather than In criticism. The
vided the eongrejse en vaHoes previous ! PBt i",,,"1' flet fng about
occasions. Perhaps a. more resolute i three blilions, to worth, only a fraction
hosUllty never wa ianlf est, before, SJ1i50"ti i TOer-. that
and I am very sure the need for 1" r De' the truth yemains that
decisive acUon decisive, favorable Jf? hv Jo market In which to sen
action-neer was j so urgent before. tta ndr mr Present policy, and
(i t t ft tt imnr ifTTflitrr program, of surrender and sacrifice.
CA.L.LS IT GBIX ACTTJAXITT . and the liquidation which is Inevitable
""We are nof now dealing with a . unless the pending legislation in
policy founded a 'theory.- We. have ;
a problem which la one ef Jgrim actu
ality. We are facing -Insistent condi
tionsT out o" which come, either ad
ditional andf staggering' 'government
losses and national Impotence on the
seas, or elae the anfurtlng bflthe; )6ag ent. Waiving everjr inspiration which
on a great American merchant marine lies in a constructive plan for main
commensurate with our commercial taining our flag on the commercial
importance, to serve . asr carrierr -of highways ct the seas, waiving 'the
Our cargoes in peace 'tfnd 1 6 meet the prudence in safeguarding against an
neceesltlee of our defense la war. There other : $3,000,000,000 madness if War
Js .no thought here and now to mag- ever again ? impels, we have the un
nily the relation of a merchant marine avoidable talk of wiping out a $50
to our national defense. It is enough ooojlfift-
te recall that j Entered: ihV World .
wsjr,aimoa wbonyj-eiMent-'mv,!
iuikc9 lur.iniiuHwrMuuii v; bc,.; lie
expended approximately ' .three . bil
lions, feverishly, extf eagahtlyt-waate.
fully and impracUcally. Out of our
eagerness to make ud for the com
missions of peace l and to" ; meet the
war emergency we builded. and otheiv
wise acquired the vast 'merchant flee)
which the government owns today. "
TO HALT TBEASTBT UBAI3T . .
In the simplest wajr t can say it.
our Immediate problem is not to build
and support .a merchant Shipping,
which I hold to be one Of the highest
and mot worthy aspirations of any
great leop!e; our firobtem'lB'to'deal
with what we now possess. - Our prob
lem is to relieve the public treasury of
the drain it Is already meeting. Let us
omit particulars about' the frenzied
war-time building. ' Possibly we did
fully as well as could have been done
in the anxious circumstances. Let us
pass for the moment .the vital rela
tionship between a merchant1 marine
and a commercially aspiring nation.
Aye, let us suppose for a moment the
absurdity that with one $1,000,000,000
experience and with the incalculable
costs In life and treasure Which may
be chargeable to our Inability promptly
to apply our potency which Qed tore
fend happening again let us momentarily-
ignore all of fhese and turn to
note the mere business problem, the
practical question ef dollars and cents
with which we are. confronted. v
$4,tM,0 tOSS MOJTTHiT
"The war construction and the later
completion war. contracts, where
completion , wae believed to ; be the
great economy to the public treasury,
left us approximately U.200.0W gross
tonnage - in ship. The figures are
nearer 12,500,000 tons- now, - owing to
the scrapping of the wooden, fleet. More
than half; this tonnage la government
owned.- and approximatelyv 2.250,000
tons ' are tinder government operation
la one -form or another. The net loss
to the United States treasurynum
bers actually taken therefrom inthis
government operation-averaged ap
proximately $l$,000,000 per month ur-imb-the
vear nrior to the assumption of
responsibility by the present admlnls.
tration. A constant wariare on mw
loss of public funds, and the draftrto
service of capable , "business manage
ment and experienced operating direc
tors, have resulted In applied effi
ciency and enforced ecenomiea It is
Very gratifying to? report tne umui
Uon of the -losses to $,000,000 per
month, or a toul of $50,000,000 a year;
but It is intolerable that the govern
ment should continue a policy from
which so enormous a treasury loss la
the Inevitable outcome.
"This lose, moreover, attends Tpera
Uon of less than a third of the govern
ment owned fleets ? "
jro BrBBir;Ail
"It Is not, therefore, a question of
adding new treasury burdens to main
tain our shipping we are paying these
burdens new. It la not a question of
contracting aa outlay to support our
merchant shipping because we are pay
ing already. I am net asking your
authorization of a new and added draft
on the public treasury ; X am asking for
a program to- diminish the "burden .we
are already bearing. .
WheB your executive government
knows of. public expenditures ggre-
mh u iimM inniullv. which
tnnuaiiy, wnicn it
believes could be, reduced by half
through -Change-of policyj-your.gov-ernment
would be' unworthy f public
trust- if such' a change .were not com
mended, nayt if it were ot Insistently
urged. 4"" ' : " ' K'
And. the pity of it is that our pres
ent, expenditures In losses is not con
structive. It looks, to ao future attain
ments. '.It is utterly ineffective in the
establishment of a dependable merchant
marine, "whereas - the . .encouragement
ef private ownership and the applica
tloa of .individual initiative would make
for a permanent creation, 'ready and
answerable at all times te the needs
of the natiim. t .
- 'But I have not properly portrayed
all the current ' lessee to the public
treasury. We are wearing out urt
snips, wjwui aay provision xor re-
plaeament. j We are baying these Josses
deterioration
inniucn nsicriorHuun n.iw ainn ara
Wn VMontb I
charging nothing against our capital
account. Bat the losses are there, arid
regrettably larger under . government
op- ration Chan , nd$ r private control.
Only a few years of continued ; losses
on the capital account will make these
losses throueh depreciation alone to
tlcued, ' will cost ecores of millions
more. . ' t- . i - - i. -
A5f$WfiS OW1T QrSTt03T f
- Again the . question . i : asked, wlrv
the Insistence for 'the merchant ma
rine aetrnow?-The answer is aonar-
josses aggregating many hundreds of
inUlfona ' In , worn out, sacrificed or
scrapped Shipping. Then the supreme
numniauon, the admission that the
United States-our America," once em-
lnent among the maritime nations of
the world is incapable . of aseerting '
its independence ; orhe seas ef the
world. It would seeih to me doubly;
humiliating when we own- the ships i
and fail in th capacity to turn their
prows towards the marts' of the World.
This problem -cannot "longer be Ig
nored, its attempted solution cannot
longer be postponed. The failure of
congress to act decisively will be no
less disastrous than adverse action,
SEES THBEE COURSES
"Three courses of action are pos
sible, and the choice among them is
no longer to be avoided.
"The first is constructive enact the
pending bill, under which, I firmly be
lieve, an American merchant marine,
privately owned and privately operat
ed, but. serving all the people and always-
available to the government In
any emergency, may be- established
and maintained. , -
"The second la obstructive continue
government operations fand attending
government losses and- discourage pri
vate enterprise by government competi
tion, under which losses are met by the
public treasury and witness -the con
tinued losses and deterioration untp
the colossal failure ends ini sheer ex
haustion, "The ;third la destruction involving
the sacrifice of our ships abroad or
the scrapping - f them - at home, the
surrender of our aspirations and Ute
confession of our Impotence to he
world in general and our humiliation
before the competing world in : par
ticular. --.-
CHOICE IS I?tETITAB!B '
"A. choice among the three Is Inevit
able. It Is unbelievable that the Amer
ican people or the congress which ex
presses their power will consent to sur
render and destruction. . It la equally
unbelievable that our people and the
congress which translates their -wishes
into action will longer sustain a pro-
; grant of obstruction and attending
tosses to the treasury. : t
"I have come to urge the construc
tive alternative to assert an Amer
ican we will. 1 -have come to ask
yon to ' relieve the responsible ad
ministrative branch of -the government
from a paogram upon which failure
and hopelessness and staggering losses
are written for every page and let us
turn to a program of assured shipping
to serve us In war and ta give guaranty
to our Independence In peace.
T know full well the - hostility la
the popular mind to the word 'subsidy.'
It is stressed by the opposition and
associated with 'special privilege by
those who are unfailing advocates of
government aid when very vast num
bers are directly concerned, -uovern-ment
aid' would be a fairer term than
subsidy In defining what we are seek
ing to do for our merchant marine; and
the Interests are those of all the peo
ple, even though the aid goes to the
few who serve.
UME AS ROAD AID
"If government aid Is a fair term.
and I think it is to apply to authorisa
tions aggregating 175.000.000 to promote
good roads for market highways, it is
.equally to be applied to the establish
ment and maintenance of American
market highways on the salted seas.
If eovernment aid Is the proper des
ignation' for 15 to 40 millions annually
expended to Improve and maintain in
ternal waterways n ail or commerce,
It la. a proper designation for a needed
assistance to establish and maintain
ocean highways where there la actual
commerce to be carried.
- "But call it "subsidy, since there
are those who prefer to appeal to mis
taken ' prejudice . rather than make
frank : and logical- argument. W
might ' also call the annual loss ef
50 millions, which-we are paying now
without protest, by those who most
abhor, we might as well call that a
subsidy. If so I - am preparing to
cut it in half, approximately, and to
the savin thuB effected there would
be added TniUIons upon millions of
further savings through ending losses
o it, capital account government cap
ital out of the public treasury, always
nm.nh.iiui wmiirf tut r
i least the promise and the prospect of
. the permanent 'establishment ot ythe
needed merchant marine.
APPEALS ' TO SAVS TKEASTTstT
t . challenge " every Insinuation s f
favored interesta and the enrichment
of the gpecial few at the expense of
the public treasury. I am, first ef all,
appealing to save the treasury. Per
haps -the unlimited bestowal of gov
ernment aid might Justify the appre
hension or special favoring- but the
pending bUli the first ever proposed
which- carries such a provision, auto
matically guards against- enrichment
or perpetual bestowal. It provides
that snipping lines receiving; govern
ment aid roust have their actual in
vestment ami their operating expenses
audited by the government, that gov
ernment aid will only be paid until the
shipping enterprise earns the 10 per
cent on actual capital employed and
excess earnings must be applied to the
repayment' of the ; government' aid
which has been : previously advanced.
Thus the possible earnings are limited
to a very reasonable amount If capital
la to be risked and management is to
be attracted. If success ' attends, as
we hope It will, the government out
lay Is returned, the inspiration of op
portunity to earn lemains and Ameri
can prestige at. sea is established.
SEES FOBEIQK OrPOSITIOJr
"Although differing In detail, it la not
more In proportion to their population
and capacity than any other great na
tions have gone. An aiding the establish
ment of their merchant marines, and It
is timely to recall that we gave them
our commerce to aid' in their, upbuild
ing; while the American task now la
to .upbuild and establish Lin the -face
of their most . active competition.' In
deed, the American development' wUl
have to overcome every obstacle which
may be put in our path, except aa in
ternational comity forbids. Concern
about, dur policy Is not limited to our
own domain, t though the interest
abroad is of a very different charac
ter: I hope it Is seemly to say It, be
cause it must be said, the maritime
nations 6f the world are In complete
accord with the opposition here to the
pending measure. They,: have a per
fect Tight to such ait attitude. : When
we look from their i viewpoints, - we
can understand. But I wish to stress
the American viewpoint. Ours should
be the viewpoint -from which one, sees
American ' carriers at sea,-'the depend
ence of American commerce and Amer
ican vessels for American- reliance -In
the event ef wr. ijoae w the costly
lessons of warmest be .teamed again
and again: bat our shipping lesson In
the World i war .wga . much too- costly
to be effaced from the memory of this
or future generations. a
SHIFFES ASKS TKAITSFEB
"Tot so many months are the head
of a company operating a fleet of ships
under our flag called at the executive
offices' to discuss a permit to transfer
his fleet of cargo Vessels to a foreign
flag, though he wanted,, to continue
them in a distinctly American service.
He based his request for stranefer. on
the allegation that by such a .'trans
fer ae could : reduce : his labor costs
alone sufficiently . to provide '.a profit
on capital invested. I do -not 'vouch
for the accuracy, of .the statement, nor
mean , to discuss it. The allusion is
made to fecail' that in good conscience
congress has created by -law condi
tions eurrounding. labor on American
ships which shipping men' the. world
over declare "result in higher costs of
operation under our flag, 'jl' sincerely
rejoice if higher standards for labor
on American ships have been estab
lished. Mere justice suggests that
when congress fixes -these- standards,
it is fair to extend government aid
In maintaining them until world
competition is brought to the same
level, or until our shipping" lines ere
so firmly established that 'they can
face world competition alone.
; "Having discussed in detail the I
policy and provisions of. the pending!
bill when previously - addressing you, l
vnsh. Clip Cap
$2.75
NO. 52 ; '
' This is abrcthir of No. 55
' described opposite, and fat
all respects identical except
in the. ' '
Its splendid petfoi manse
, has made it a favorite with
j millions of user the world
.-over, "i
.';.-.- . - -
It Is as dependable as the
. Sua and can be "relied
upon to do the work In-
tended of it day in andT '
day out, whenever and -;
whercrer called upon.. -
Dectonv lawyers, stenog-'-.
raphera, bookkeepers and
i stydenjts of all .ages if;
. you ' would really know ..
the )OT of a perfect pen,
ft to your dealer today
and telect a No. 52 Watet-
man's Ideal with a point
' that exactly fits your partic
, ular style of penmanship. '
I S
; ! .1 ;r. : . ... , '.'''.' . , W . :J ... ' t ..." " - ' V-.. . .
x forbear a reptitlon now. in In
dividual exchanges or opinion, not a
tew in the house and senate have ex
pressed personal : sympathy' with . the
purpose of the bill and then uttered a
discouraging doubt , about the senti
ment of their Constituents. It would
be most discouraging if a measure of
such transcending national importance
must have its - fate depend en geo
graphical, occupational, professional, or
partisan objectiona Frankly,-1 think
it loftier statesmanship to support and
commend a policy designed to ffect
the larger good to the nation than
merely to record the tour hasty im
pressiona of a constituency. Out of the
harmonised aspirations, the fully in
formed conviction, and the 'united ef
forts of an the people will come the
greater republio. Commercial - ami
nence on the seas, ample faculties for
the promotion and 1 carrying : of our
foreign .commerce are of no less Im
portance to the people of Mississippi
and the Missouri i valley, the great
Northwest, and the llocky mountain
states, than to the seaboard states and
industrial communities building Inland
a thousand miles or more. It is com
mon cause with, its benefits commonly
shared. 5 When people fail in the
national viewpoint, and live in the con
fines of community selfishness, or nar
rowness, the sua of this re publio will
have passed its meridian, and our larg
er aspirations will shrivel la the ap
proaching twmght.'
e XILUOXS XOST ANirtTAlXT
"But let us momentarily . put aside
the aspiring and Inspiring viewpoint.
The blunt, indisputable fact of the
less of 60 millions a year under gov
ernment ' operation remains ; likewise
the fast diminishing capital account,
the enormous war expenditure, to which
we were forced . because we had not
fittingly encouraged and builded aa
one commerce expanded In peace. Here
are facta to deal with, no fancies
wrought out Of our political and eco
nomic disputes. The abolition of the
annuel loss and the best salvage of the
capital account are -of concern to all
the people, ' ' -
"It Is my firm belief that the com
bined savings of operating- losses, and
the protection of the capital account
through more advantageous., sales ef
pur war-built, or war-aelsod ships, be
cause of the favoring policy which the
pending blU will establish, will mora
than pay every dollar - expended ; in.
government aid for 2$ year to come.
t,09,0v0 FOB MAIL
., "It should be kept In mind that the
approximate sum or $5,000,000 annually
paid for the transport of ocean mails
Is no new: expenditure. It should be
kept in mind that the loan fund to en
courage building is not .new; It is the
law already, enacted , by the essen
tially unanimous vote- of congress. It
Is only included In the pending bill in
order to amend so as to assure the ex
action of a minimum Interest rate by
the government whereas he existing
law leaves the grant of building loans
subject to any whim of favoritism,
"It should be kept In mind Also that
there are assured limitations of the
government aid proposed. The direct
aid, with ocean carrying maintained at
our- present parOolpatlon, will 1 not
reach $20,000,000 a year, and the maxi-
mum direct aid, U our snippins; is so
promoted that we carry one half our ,
deep seas commerce, win not exceed 1
JJ0.000.OOO annually. At tne Very max-1
- lmum of outlay we should be saving
the maxi, woman or child
best fountain pen made' will
THift p'm u'e sn i
V
Siie for size xtd price for price, tliere has never been one as good
and in all human probability there neper will be.
38 years of reputation back of it and a third generaition in train-
ing to carry otu . ; ? .v; : "
1st, Scientific Conrtruction-the thing that4 makes it respoixid
instantly unfailingly, - s t
2nd, Quality of MateriaZ---that make for efficiency, durability
;;and beauty i f K -"' - x 7 . , f . '
:. 3rd, Reputation and Responsibility the product of a house that
has Tnore to lose than it has to gain in exasperated claims.
. Selection and Service: ta Best Dealers the World Over
,L B. Wateraian Company ; !
191 Proadway, New York
$20,060,000 of our present annual Oper
ating lees. If the maximum Is ever
reached, the establishment of our mer-:
chant marine will have been definitely j
recorded and the government-owned
fleet fortunately liquidated. , ' . - , .
WTSDOM TO SATS .
"From thia point of view, it is the
simple,- incontestable -wisdom of busi
nesslike dealing to save all that Is
possible 'of the annual loss and avoid
the millions sure to be lost to the
government's capital account In sacri
ficing our fleet. But there is a bigger,
broader, more inspiring viewpoint, aye,
a patriotio viewpoint. X refer to 'the
constructive action of today, which of
fers the only dependable promise of
making - our wartime Inheritance of
ships the foundation of a great agency
of commerce in peace ami guaranty
when It is needed for our national de
fense. ' -. .-fe, ' ..; L.jA .,-,-r'- v:, '
7hus far I have been urging federal
aid to American shipping., having in
mind every Interest of our producing
population, whether of mine, factory
or. farm,, because expanding commerce
la the foremost thought of every na
tion in the world today.
fBDEBAt AID UrHEIB
"I believe : In government aid be
comingly bestowed. We have aided
Industry through our tariffs; we have
aided railway transportation In land
grants and loans. We nave aided, the
construction of market roads and 'the
Improvement of International water
ways. We have aided reclamation and
Irrigation and the development of
water power ; we have loaned for seed
grains in anticipation of harvests. We
expend millions in investigation and
experimentation, to promote a common
benefit, though a limited few-are the
direct beneficiaries. We have loaned
hundreds of millions to promote the
marketing of American gooda . It has
been all commendable 'and highly
worth while.
"At the present moment the Amer
ican farmer la the chief sufferer from
the cruel readjustments which follow
war's Inflations, and befitting govern
ment aid to our farmers is highly es
sential to our national welfare. No
people may safely boast a good fortune
Which the farmer does not share. -MUCH
AID AXftKADT GIVES'
- "Already this congress and the ad
ministrative branch of the government
have given willing ear to the agricul
tural plea for post-war relief, and
much has been done whiObrhas proven
helpful.. 'Admittedly, It is not enough.
Our credit system, land government
provision and control, must be prompt
ly and safely broadened to relieve our
agricultural distresa
"Now this problem and such others
of pressing Importance as reasonably
may be dealt with In the short session,
X shall invite your attention to at an
early date.
WA3TTS MEASUKB EXPEDITED
X have chosen to confine myself to
the specific, problem of dealing with
our merchant marine because I have
asked you to assemble two weeks in
advance of - - the regularly appointed
time to expedite Its consideration. The
executive branch of the government
would feel Itself remiss to ontenv.
plate Our yearly loss and attending
(allure to accomplish it the conditions
were not pressed : tor your decision.
More, X would feel myserf lacking con-
fidenoe for America's future, if 1
whp wishes to purchase the
buy
ointadnPeii
failed to stress the beckoning oppor
tunity to equip the Uni ted State to as
sume a befitting place among the na
tions ef the world whose commerce Is
inseparable from the good fortunes to
which rightfully all peoples aspire.-:
1
coal
"what yon .want these days;
when every-ton must count.
The coal that burns f reMy
and - evenly, is Bootless and
leave, very little ash Is that
economical-. : .
2
II
- - " IHSTBIBUTOBS
aadrewt-Coaover Feel Ce.
TAsor mi
Bortag- Weed Coal Ce
TAbor 174S
Colanbla Fuel Compaay
WAmat tl
Helmaa Fuel Company
B Headway S(I
I. T. Uowitt
. , TAbor 01 S
Uinard Ave, Fuel A lee Co.
Aat. 6-l -Standard
Wood Ce.
easi am
- Sellwood Wood A Coal Co.
. SEUwood tt67
Wflilans Ave. Fuel Ce.
BAit SS7S
StaBdardvFnel Co
TAbor 1111
Rock
Ogden Uiah'
S.BoydrN.W.Arenlf
Hesry- Bldg Portland, Or.
, vithChCap .
$5.25 t .
; No. 55
is 'especially designed to '
meet the exacting de- '
manda of busy executives.
The exclusive 'Waterman
spoon feed assures its in-
scant action the moment
the point touches the paper
and permits continuous
writing .without skip, dip'
of bloc ... i
Irs perfect balance and su-'
persmooth iridium tipped .
hand tempered gold point
turnthcirksomeneuofor-
' dinary pen writing into an
unalloyed Joy, endearing 1
it to its owner as a price'
, less possession.
It fa Selfuling---th lever
- action completes the eper -
ation in less thanr 5 sec
onds from any available
ink supply extra large
cayadty, r- "
' Its durability is 'such that '
.it may be handed down
from ather to spn, "
,
;
"-
. :
Superior -; I X. A
Springs C 7
- HAZaW00D
'
HAZELV00D
RESTAURAliTS
Oysters
Our menus. offer a great
rariety of tempting
oyster dishes
Eastern or Olympia Ojs,
sters fried in butter -
Eastern Oyster Milk Stew
Oyster Pan Roast
Oyster Cocktail -
- Oyster Sandwich ;
THE ,
HAZELV00D
388 Washington St.
BROADWAY
HAZELWOOD
127 Broadway
'and all who have eaten
Olympia - Oysters ; regularlx
say it, too: "They are nerve
and brain supply they re
vitalise I .Their phbsphosa-,
lines are vt nerve and
brain elements.'-'.. i :
.Neseleea, dtalruir s powerful brain, -gorged
on the wrens feed and get
"Napoleon's " itch for lxJs pin.
The phospao-saUaes in Olyippla
Ojrters ; woald here supplied . his
brain wita . the richest "power"
oience knows 1 :;;?;..., :
.V .- ' a.". .'-.''''," -."' j
OlrstaU Orster 8aadwih Snfrtiue
1 at. (00) OlmpU Oratws (chopped
aae), H en taalUd featUr, li
aUIk, S f (whites, stiff), cracks
. era (prvderad), 1 jbMspooa pepyw.
Cook until amoota, Jew. heat (10 aOa.), ,
Mel, eat la this alloM, plaoe hatwoaa
.sUom Vead. STaathwr aerviar dVi
t doaeai sort eystera less than de is Se
- ear sandwich, i . , Unlvwaity ef Walk-
tagtsa tested teeipa, - -
' In C1r
Somtim raited
tiV,,
la tho catet V v
at borne! 5 .
, .. ' i'4
. i
r 1
immediately that when more than V3
. . : : Kaaegee"
per cent earning is reached, half of the
Chlcaao
Francisco
it
sV