East Orconinn Rotind-Un Souvenir FHition
Pend'eton, Oregon. Saturday. September 25, 1915
Twenty Papei
Loan to Allies Will Aid Graingrowing Interests
Henry CUwm Says Sale of FooJgtutfs to Earope is Contingent Upon Financial Accommodation for Allies
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Concrete and Fire Proof. One of the Largest and Most Modern Gar- S
age in all the Northwest. E
P!e Four
New York, Sept. 18. 1916. inserts must end with success
The financial situation, viewed ot: think, a foregone conclusion.
broad linen, continue to subtest question la one a vital to the Inter.
substantial undertone. The week's of our own country as It is to the
Is. I
The
(train Is concerned until the eleventh
hour. This would expose our groin
more freely to the possibilities of the
release of the huge quantities ot
of two
serve requirements, bringing the total
up to 1224.123,000, which compares
with a deficit (Instead of a surplus)
of J350.065.OOO last year at this date,
which of course was a period when all
ceveinpmcnt again encourage confl- countries across the sea. If our grain I Russian wheat the growth
f-... - ..Mi a iwuMHciory settlement -u iumumuus in general are to Be : seasons that are stored up awaiting the financial, Industrial and mercan
Will he r:it'hft Of th rAnn-&1 etralr. SOld tO the nation that nnv ...-..,..' .1.- 1 --. . . - 3 11 . .... - .......
......... - ...... u..ur. vu.iiiL me opening ui mo L'Kiuaiinirs, Amine activities of our country were
lr. our relations with Merlin that fo.- conditions are our natural custom- to the date that this event will occur suffering the first shock of war. We
ivwi-u hip initp nom me uerman tor- i, iou, me prouuets ox our rae-
elirn office seeking to Justify the torles as well as our farms are to go
sinking of the steamship Arabic. The forward In such volume as will mean
note was disappointing, in view of prosperity at home, It is imperative,
the assurances previously given on under present unexampled conditions,
behalf of his government by Count that proper financial facilities be af-
Von Herns! orfr. the German ambas- forded the buyers. The question is
sartor, l!, ever, there seems real the old one that Is so frequently mts-
, . ln;" lne entire understood of the difference between ihe possibility of success Is such as irop. Even without such arbitrary
1 " """"arme wariare. r.s money and wealth. There is no ques-; to clothe the subject with sufficient; action and it the supplies of funds
affecting the Interests of American". j ' 'on that the British and French gov-! importance to merit consideration as'ere not as completely redundant as
i now in a satisfactory way of ad-; ernments have wealth with which to'one of the prime factors in the broad they In fact are, the operation of the
justment. What is of equal Import-! ll' k up any obligations they may j financial nroblem. new banking law would be sufficient
any prediction would necessarily be now have reached the active period
'guesswork. There are some author!-! of crop financing It Is evident that
; ties who are convinced that the task! there is to be no strain resulting from
is superhuman. On the other hand,,11"13 feature during the present year,
with four of the world's great nations -The secretary of the treasury has an-
I deliberately proceeding to accomplish '. nounced a policy of depositing gov-
this great task and making actual , eminent funds in the banks of the
ven though slow progress day by day south to- aid In financing the cotton
nnce from the financial viewpoint is , undertake. The terms on which the
that this settlement promises to. be j credits they desire may safely be left
permanent in character, thus remov- to the wisdom of the expert interests
1ng what seems to be the prime source' wn0 are conducting the transactions,
if Indeed not the sole source, from , It would be conservative and good
In
which future shocks to the friendly
relations between Washington and
Merlin might be expected.
While the negotiations just refer
red to have l in progress there,
rot unnaturally, has been some indi
cation of restraint upon entering new
stock market commitments. Addi
tional incentive for delay, too, has ap
pared from the varying reports con
cerning the probabilities of the suc
cessful flotation of the large loan or
credit that the British and French
commissioners have come over to our
center to negotiate. No specific de
ta'ls seem to have been announced
thus far of the proposals the commis
sioners are prepared to make or ac
cept. That the visit of these foreign
judgment, I think, to confine the
credit, at any rate to start with, to
say 500 millions.
The success of the negotiations, as
I have intimated, means much for
our own country. It would provide
In the first place not only for the
continuance, but for the very sub
stantial Increase in the volume of our
exportatlons. It has what may be
termed a vital bearing upon the grest
granger sections of our country since
it will decide whether the entente
governments will be prompt and lib
eral purchasers of our grains at re
munerative prices at the beginning of
the season or whether they will giv.
preferenoe to other sourcs of supply
and hold back so far as our own
With th. nns.!hintv of th TTnlte.l 'o preem any important strain
S,tu. Womin Active nortloimint I lnom,-v ctrcles h'-
In the European struggle so greatly , W'llh suih a '"Be supply of id'.e
removed and with the success of th ,um,s f " the moment exists
a...k., h i,. uriv n itrht I throughout the country and as Is
the outlook for the market for se-i "kel" t0 continue for a protracted pe
....!.! V... .n-AaA ae havinV TtOd
correspondingly Improved. The fa
vorable money outlook will not be
modified materially by the practical
and with our own people the
single exception among the great na
Hons of the world that has not been
drawn into the maelstrom of the
steps that will be concerned in the war an " "ad 'ts resources of
credit that Is being arranged. The
proceeds of the loan are not to leave
the country. They will remain on de
posit In the banks and trust compan
ies until needed and will return to
the banking Institutions when the
payments for supplies for which
they are intended are made. Accord
ing to v last Saturday's New York
clearing house statement, the banks
and trust companies added more
than 15, 000.000 to the already un
exampled surplus carried above re-
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'J
ME IDA
RY
FARM SAUSAGE'
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JONES
Fir m"
Dairy
SAUSAGE
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Its just the product of a simple, old-fashioned farm that has neyer met
even half way the shams and artifices of modern progress in food manufac
ture. The meat and link are exactly the same preparation.
"Jonas Dairy Farm Sausage"
recommends itself. Its steady growth in popularity has been largely due
to the recommendation of it by one friend to another. It is carefully made
and shipped in refrigerator boxes. The ideal way to obtain it is to ask us
to send you enough for breakfast, one or two pounds, on the day we receive
fresh shipments.
labor and property paralyxed and,
furthermore. With taxation, present
and prospective, in comparison with
other countries on a completely neg
ligible scale., there is active encour
agement to look for the profitable
operation of our railroads and of our
great Industrial combinations that
are so thoroughly .representative of
our national activities. It Is still de
slreXi to exercise caution in the selec
tion of Investments, but there are
opportunities to obtain securities pa
ing for Instance between S and 6 per
cent on the investment that appear
attractive. Returns above such a ba
sis must necessarily be accompanleC
with a corresponding degree of risk.
General trade and Industrial condi
tions are beginning to respond more
freely to the excellent crop outlook.
The usual statistics of clearings, rail
road traffic returns, etc., are likely
to make more favorable compari
sons than has recently been the case
since they include a period a year
ago when the first shock of the war
was in progress; furthermore, as the
New York Stock Exchange was closed
the bank exchanges necessarily are
upon a faulty basis. The recent
statement of unfilled tonnage of the
steel corporation showing a decrease
of about 20,000 tons as the net result
of operations In August was below
general estimates. This disappoint
ing result Is, however, readily explain
ed when it Is considered that the de
crease was due not so much to back
ward offerings of new business but
to the fact that the plants of the cor
poration are virtually on a full ca
pacity basis and deliveries consequent
ly are taking place on old contracts
at a phenomenal rate. Meanwhile In
a number of instances there is a de
position to refrain from taking new
business at the present scale of pri
ces. There are not unlikely to be addi
tional shocks received by the market
from one source to another during
the progress of a war of such exam
pled proportions as that now In pro
gress. But If, as now seems so prob
able, our own country is to be suc
cessfully piloted through the recur
rent complications, the general mar
ket's prospects appear such as to en
courage conservative purchases of div
Ident paying stocks of a responsible
character.
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CNDENl
GARAGE
SAFETY
SERVICE
CONVENIENCE
E We offer three roomy, clean, light and well ventilated floors for
E the storage of your car. 20,000 square feet of floor space. Ladies' wait- S
E ing room and every modern convenience for our patrons. Gasoline,
fre nd water at our curb. Largest and best gasoline pump in Pen-
i dleton. Prompt attention and satisfactory service all day and ALL -
i NIGHT. Full line of accessories carried. E
Automobile Overhauling and f
Repairing a Specialty 1
General repairing and overhauling of autos, combined harvesters,
gas engines and machinery of all kinds. Parts made to order prompt-
ly. Expert machinists and up-to-date machinery. 1
Kelley's Auto Repair
Shop in Connection I
llemmelgarn i Webb, Props. 1
j East Court and Thompson Streets. Telephone 633
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like repte
Warehouse
WHERE IT PAYS TO TRADE.
PURE FOOD SHOP
IN BASEMENT. 3 MAIN LINE PHONES, ALL IS.
Cleanliness, Economy, Service.
We will be glad to give you one of our receipt books if you ask for it.
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MARIE DRESSLER RESTS
AFTER BEING "FILMED"
NEW YORK. Supposing you were
built on rather generous lines about
six feet or so altitudinously and fair
ly well horizontally supposing so,
how would you like to:
Fall twice off moving automobiles,
Be pushed through a brick wall,
lie yanked up into the air on a
steel cable,
Be rolled under the open spigot of
a molasses keg,
Jump from a culvert onto the top
of a moving freight train,
Jump from the aforesaid moving
train into a little box?
Marie Dressier, comedienne, does
all these things and a lot of other
slightly less bone-breaking stunts In
her new movie and likes them. In
fact she is crazy about the movies and
Insists nevermore for the stage. Sho
Is taking a vacation Just at present
after working out "Tillle' Tomato
Surprise," her new sir reel laugh pro
ducer In which she pulls the stunts
enumerated, above.
"Yes," she remarked, ''those stunts
are a little hard on the nerves, and
I've accumulated a number of bruis
es the there was an awful lot of
fun In making the picture. In one
scene I'm supposed to be pushed
through a brick wall. Naturally we
built that wall with watery mortar,
not expecting It to tlck together
very much. But something Inter
vened and we couldn't take that par.
tlculnr scene on the afternoon the
brick wall was constructed. The next
day when we came to filming It, we
found the mortar had dried and I
want to tell you that It was a mighty
hard brick wall that I was rammed
against."
Miss Dressier la a great movie
booster and Is advising all her stage
friend to take up the work. She
had a 'private exhibition of her new
film at the Gedney Farm Hotel.
White Plains, recently, and Invited
William Courtney and wife, Virginia
Harned, Louise Dresser, Ether Barry
more. and a host of other stage tars
to witness the film. All through the
evening she wa as nervous as if she
was going through the "first night
of a real stage show.
Mclean
m
(Successors to City Auto Co.)
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1 llPrtKlWWB I
Agency for the OVERLAND and
WILLY'S-Knight Cars
ACLOSE-in and convenient garage for storage, repairs, over-hauling
and accessories. Gasoline pump, air and water at our curb.
The best oils and lubricants.
Overbed, Cadillac, Hudson, Service Station
Factory mechanics in our shops, who understand the indivi
dual requirements of the above cars. We make a specialty
of service that is service i
726 Cottonwood Street,
Pendleton, Oregon.
Telephone 46
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