A M. M.Mr eV JL
Dbminionr Comparatively littleAmericari capital has gone .
to Asia, including the Philippines. ; ;
t These investments and loans, if kept, at; home couU
assist materially in developing, our natural resources and
increasing our industries. To discourage the commitment of
these vast sums to purposes abroad and to invest it at horne
should be the aim of legislation and financial bodies. To
outlaw tax exempt certificates is another way to stimulate
industry through investment" of idle money.
Ocaorty-fbuVrpercent of; this amount "was placed in
tatiii American countries. ! Only a century ago Europe was
loaning this struggling younp republic a million dollars a
year. : . .-; ; . ' '
- Private capital invested byl United States citizens in
Europe amounts to $1,900,000,000, or more than one-fifth of
our total foreign investment of private capital And $1,500,
000,000, or nearly four-fifths of our European'commitments
arloanslto governments. Reason for the great interest
manifested by our monied organizations in the politics of
foreign countries is not hard to determine from these finan
cial figures. : i (
' Loans . to the Canadian government amount' to $1,060,
boo))00,ror! 43 per cent of our total capital invested in the
in his new linen factory -near Detroit only brake bands for
automobiles, so far He : will ; find many new ' uses for - flax
products . :- ;-' ' '
A
laaaea1 Daily Eseapi Monday by t '
tt STATESMAN PUBUIHIMQ COK7AVT J I
- IS Bout UonoiereUi St, Sale. Or.goa
And as he finds automobile brake band. much better
made from flax fiber than from cotton fiber, and more dur
able, and cheaper, the other makers of automobiles will want
i. H.adrlrke-
W. H. HaadreaaO(rev!ati0e M aaecar
Ralph M. KIulf..adertieiBC afaaeger
frank Jaaeoski .,..Umw Joe Dept.
K. K)ut Lirastoek Kditer
W. 0. Coaner ,. . ,, Faaltry Kditor
Wr4 J..TS4
0. K, Lotea
' Laeli fimita
(eaaf lag Sailer
flax fiber brake bands. That alone suggests a lot of activity
in Salem, the 'fine fiber flax center of the United States.
.Telegraph Zdite
Boei.ty Editor
.W - 4 - 7 JCEJCBBB 07 THB AftSOClATSD FBESt
Tke Aaeaclatee Pteee U exclusively eatltUd U tea for poblleetloa ef all'aewa
eltpetaa. xrwiiwl to it or act otherwise credited ia tkla paper and alaa Ua local
ews published eereia. ; .
MONEY TO SPARE
r - BUSINESS OFFICE : - :
TaeeMe T. Clark C VcvTera 11-14 Weat ttk 8t Cklearo, Harnett Baild-
. i - W. 8. OToUwakl, MtT.
FTtlaie Offlea. ttt fereMUr Bldf, Phone i7 B&oadway. Albert By are. Iffr.
At the close of the Elks convention Portlanders will look
with envious eyes on Salem's wide streets and spacious park
ings. . -. - '
Total investments of private capital of the United States
placed in the countries abroad in 1924 amounted to $9,090,-;
'",' . - - .vi- TELEPHONES ,.
Baeleeea Ofa ...- tl if 588 CIrcalatfea Offlee .
DepartBMtt . . -. a-10 Society Editor , .
- Jo Dapartaieat . . . , . V . . . 58
BILLY'S UNCLE
latere el the paatottloe to Selesa, Oretee, ea eeaaa-elaaa setter
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CVT OUT TVKJKt W4 Xat.
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juIt 17. 102.1 :r ' i -: J
- , PERFECT SAFETY: Fear thou not: for I am with thM; h ot
ajsraayedr for I am thy God; I will strengthen thee; yea, I will help
ioee, yea, i win opnold thee with the right hand vol my righteousness.
Is..4l;l0. i . . ; .
4A SURPLUS OF FLAX YARNS"
. - ' CoL W." B.'Bartram, in his address to the crowd at Rick
reaU grove on Wednesday, in the course of the flax tour of
iiuuuii oi irons, county, unaer me auspices oijtne uommer
ciai. Club of Dallas, said the plans of the proposed second
linen mill for Salem 'call for the making of 20,000 yards of
linen each week, "with a surplus of flax yarns on one eight
hour shift." : n
.7 -: The making of a surplus of flax yarns is one of the most
important of the coming developments of the linen industry
of the Salem district , ' I
' f For upon this wilf depend the buildihg-here of a number
of specialty mills. Dr. Deimel is ready now to come to Saleni
to 'manufacture here his' specialties for the American market;
inen mesh garments and hospital towels. He is ready, when-
t ever he can be supplied here with the linen yarns of the
proper lea,"pr fineness. He will employ 1600 peopled in his
American factory. He has now one factory in Germany and
tvfo. in England. But the American tariff rate of 55 per cent
- makes it desirable to manufacture in this country the supply
of these specialties for the' Ajnericanlmarket...
I tDr. Deimel does no spinning... He buys Ms "yarns,"
vhich are the: f irjst product of spinning after the scutching
, of the fiber. There are many mills in Europe that do spin
nmg of yarns only. No doubt the same development will be
witnessed here in the course of time. :
; , j Anyway, there should be prbvided here, at the earliest
possible time, the yarns for all the specialty" mills ithat jneed
thenvand will come when they can 'be furnished. - "
- i . - - .... ;
t The Americans are going to find many new 'specialty
requirements for linen manufactures. Henry Ford is making
. vCT rr Hustxuc
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T V M V fa- ii 1
( OU56. J J
a,, eaA-dr y
DOROTHY DARN1T
By Charles BIcManus
GOOD MONIkJ' riiSTtR
GROCERY MAMM WANJTA
POUMD OF BUTTER. A
Sack of flour.
- - ? ;- . . K V: ' j! ;
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f
THAMKS iVf-RV MUCH, THAT 5 MY
ARITHMETIC LE-SSOisi FOR r " '
A PECK OF POTATOES. A BCTTTLfl iffXDD lT? UP ANO ) fFTPTV-TwO I j f
OF SYRUP. FOUR CAMS OF rcl 1M 1 SEE HOW MUCH iT DOLLAR5ANO
A CAN OF COFFEE. AJ-w " PIHlllfl ' ,f ZT"" rj ; Si'X'
POOWDOF TEA.TWOjy HhH iTfeAS' WUM CZ
PES. SIX OM.ONS. fd IMlt I r h ' BI ? '''fj35&
II - : rw 11 i
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Clean Up to get ready for New Fall Shoes; a few styles are already coming in. We will make a sacrifice price on all short runs to close them put these two days.
'eaieMaaaaaieaaaBaiBaaBBaeaBaMeaaaiBBa
IUADIESr:: PUMPS: '.: '-isfcff
JI fin FC' FV FS) fiC'' ; Large Lot, all styles, all sizes but broken runs, to close out, good for out- "j .
lLWU:l&)-:- K- aa? 1 OiS)' ' :mg and general
- t r -- . . . v- V .,.- - ; ...:v - - '- - I ' " - '; : v - . ' '
nn TvIQX? IUI FCTFI Ql ' (S nJIfvFrC -iAll Men's Oxfords and High Shoes in best selling, colors and lasts; Q yT ST
If. ILU.HJS) Inl LCalll Il7l:!';.ia2 ffl U LC. . mostall sizes, 10.00 grade,, go at......:.;.... ... UIS.L.. 1 iOiCi'O
BfT(St II lT ft -H n if Pf J ;- The best Sport Shoe on the m&rket for boys-aijaseball with each. pair ; (FS
J laTU U lTlh LryW If W these Shoes go at 2.35, $2.65 andJi .-......,:.:J:1 'Sau3t O-'-
I1 UJ1 0 11 fin Ir IO fC ir. (T II r & f H ll "ii?8! (5 " Children's and Boys' Shoes, Comfort Shoes, for Men and women, all
ini j) oi ly'iiiiy') -WiLi
ell II H3 Ii . P-JI IC" Q ll C5 I Bring them on Wednesday and we put - on any make of the best 50c Rubber O'j-J
O IS) IS liTtti lril IS, S lii)?.-; , . : " v Heels on the market at ONE-rJALF PRICE ... OC
u. DO YOUR FEET HURT?
V Corns and callouses removed without pain or sorenessY
Ingrown nails removed and treated, f Pains in feet, weak
foot, flat feet, foot strains and fallen arches adjusted. Do
, not suffer. I will give you the best that science can produce
in scientific, chiropody. Consult
DR. WILLIAMS "
: V about your feet Hours 9 to 5:30. Phone 616 :
inf.- I "
vTIZFHlCE
C0lv - lv -.
REPAIR DEPARTMENT
Our shop is equipped with all new machinery. We use
nothing but the very best grade of leather that money will
Mr. Jacobson, in charge of this department, id an expert
, putooa Tktfjaa$ v-:Hj' in nisvimeTnas spent years m ractone3 and repair shops
. 1526 ZiCiCsr&zuzZzizzX' - ''iifci- -and will do nothing but hih grade work, i,
1 Umi Stud
V,tdittrtr - i-v.- -
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