pxai eight
DAILY EAST OREGONLUf, PENDLETON, OREGON, 'FRIDAY EVENING, JULY 8, 1921.
TEST PAGES
in 7ne
flOYIESP
"P"d of VonK'Rdf," i. Helei't Pic
ture which will be presented at the
Altft theatre beginning te-ltiy, is an
adnmnti"n of ii xl.iiv by Margaret
TTt-'foll Montague. The oust Is head
ed by Bernard limning. '
The story In laid in lie mountains
f West Virginia, viliire n emi-pi-im-ltlve
people, mcilf rift hi than n .t. take
"the IsW lino their own h:ruK AMer
flm Cree is i'f (how people, but his
' fiery nature Is tempered hy great
strength of eharacler, AMorson dee
Ik shot from mhuh. lying. he ex
hort his son David to avenge his death
In (he manner 'f the mo twain folk.
While the buy runs for aid Cree re-
ALT A TOIY I :k t a .-ence her husband's death. The
ni."it ineers, however, have told David
that Hyer-son Is dead. Uiter Ryerson
appears again in the village and In r.
Dies' dianiatio soene David starts to
ftllill his vey nf vengeance. What
oecars. however, is terrifically- drama
tie mid of a most surprising nature, the
i limns being one of tho most unusual
ever depicted.
VIRTVKS VS. MOKFUN C.1IU,
BOSTON, July X. 1. N fO Tho
z.ri i f 19:1 and herinode of flress
have found another defender. He Is
Pulph Flanders, manager of the New
Holland Conservatory of Music.
"Have a lit t If patience with the girl
of to-dav." he savs. ".lust because her
V-nls making his son prospective! ,i,-tM.. .'.re ,liffer..nt from her inml
niurdernr and tells Mr. Ryeisoii. j mam,,.'o M Ml fih hasn't unt
whose husband he suspects is the
assassin, to have Iavld take back h;s
promise. Mrs. Ryerson, who hates her
'em. After all, there are styles, even
in goodness, you know.
"For every silly modern girl I can
nusnana, Keeps eiiem .nnil that night; show v011 hundred self-dependent.
Hyerson is forced to leave tcivn to self-supporting. easer. Intelligent
r.void 11 lynching, young' woman."
Years pass and Judith free. David's Flanders declared that hvgiene had
jr.other. has turned Into bitterly vin- considerable to do with the evolution
rtirtlve woman whose oie ohieet in life of feminine attire
I i
The Very First Taste
will convince you that
te Toast us
- ! i
are Superior Com Hakes
Distinctive because of
flavor and goodness they
cost no more than others.
A rare delight for break
fast or lunch, with cream
or milk.
Ready to Eat
No Waste
Sold by grocers
everywhere!
lade by Postum Cereal Cainc
t Batue Creek. Michigan.
ALT A Today'
Children 10c
Adults 40c
VAUDEVILLE
Carl Roberts Trio
THREE WISE FOOLS
MELODY, MIRTH & MOTION
' Glenn & Walsh
EITS OF VARIED VAUDEVILLE
II -. 1
t
, - I
-r"i - r-t w ' - .. V ll
J si '(;.ytr-v
W 1 '
.FUy. A.CAULEY PHOTOPLAY'S, Inc Presents
BERNARD' BURNING
Bur Jenod for life with the promise to avenge his father's
murder, fate steps in und removes the obstacle to a happy
mountain romance.
Ccmedv
FATTY ARBUCKLE in "FATTY AT CONEY ISLAND"
It
SUFFERS LOSS BY FIRE
fOUDOVA. Ala..-July H tU. P.)
Th Chilkat OH company's tHiiker
.Marsraret, !licir wharf nrnl xvarahousp
wer ilt'Hiroypd hy fire todny. Three
mtmbrs ot ih MaiKaret's crew were
severely burned.
iivi.i.i:tin
For the first time in the hi.it ory of
rvnrtieton rhautaiuiuiui, the peasions
this year will be held in the open-nlr
amphitheatre of Happy Canyon.' A
stage Is to be erected 1'or the perform
ances. The CtiHUtHtiqua opens next
Sunday at 8 p. m. and will continue
for a week.
ISCONIFOEI
(East Oreennliin Special.)
ECHO, July 7. Oeorse McDowell,
owner and manager of the Westlawn
Garage, underwent a serious operation
for stomach trouble at the Hot Lake
Sanitarium Tuesday morning. Mr.
McDowell has been In poor health fur
some time.
Mr. and Mrs. S. P. Damp, of Fort
Atkinson. Wisconsin, arrived in Echo
Tuesday to visit at the home of YA". V.
Esselstyn. This is their first trip to
the west and they are well pleased
with this country so far. Mrs. Damp
is a sister of Mrs. Ksselstyn's.
Barney Daugherty, prominent stock
man and farmer of Sand Hollow, was
here on business Tuesday.
T. M. Johnson and family returned
Tuesday from a motor trip to Portland
and Eugene. They were accompanied
on the trip by Miss Kathryn PSlmer,
who left them at Eugene for Seattle,
where she will spent the summer.
George Roberts, of Rieth, is assisting
his son Sherman Roberts with his
harvesting which began Tuesduy.
Joe Moneese and family were trans
acting business here Tuesday.
Harold Krohn returned from Port
land the first of the week, where he
had been on a pleasure trip. Mr.
Krohn Is employed on the Boylen
ranch on Butter Creek.
J. Frank Spinning, of the local drug
store. J. P. Rethlefsen and Miss
Emma Oeiszler drove to Pendleton
Tuesday to attend the funeral of Mrs.
Hendricks. '
V. O. Wirtz. of Walla Walla, was
here Tuesday in the interest of the
Tum-A-I,um Lumber Co.
C. H. Esselstyn came over from
Ijexington Wednesday. His wife wh6
was visiting in Lexington tho first of
the week came home with him.
Emma Geisler and Florence Ma
hood accompanied Mrs. Pell and chil
dren to Walla Walla to spent the
J ourth. The trip was made In Mrs.
Bell's auto.
Mrs. Alex Thompson of Htanfield
was an Ec"ho shopiter on Tuesday.
J. Kimmerly was a Pendleton visitor
Wednesday.
Sloan Thomson and family of But
ter Creek, were shopping in Echo
Tuesday.
Arthur Ayers and brothers Clayton
and Harvey were Echo visitors Tues
day. Mrs. Hhrry Dung of Stanfleld was
visiting in Echo Tuesday.
Gaylord Madison and mother Mrs.
L. Mathers, went to Pendleton Tuesday
to attend the funeral of Mrs. Freeman
Hendricks. Mr. Madison was one of
the pall bearers for the deceased.
iyi. E. Meyers and family, I. X.
Roggs and family, Mr. and Mrs. H.
Myers, Mr. and Mrs. E. F. Sommers,
and Mr. Francher picniced at Irrigon
Monday.
Joe Monese left on train Xo. 18,
Wednesday for La Grande to transact
business affairs concerning his sheep
camps.
J. Frank Waller, -who is now station
ed at Pilot Rock working on the high
way spent Sunday here on business.
Earl Sallng spent the Fourth in Mil
ton at the home of his sister, Mrs. Joe
Dykes.
Among those who spent the Fourth
at L'Kiah and at Hiilaway Springs were
Mr. and Mrs. Maurice Coe and little
daughter Jay, Mrs. O. T. Thomson, Mr.
and Mrs. Sloan Thomson and children,
Harry Andrews, Joe Andrews, O.
Baumgin-dner, Charles Thornton, Bill
General jBusiness Conditions
. By GEORGE E. ROBERTS
(From the Monthly Letter Issued by The National City Bank o! New York,
Distributed in Pendleton by The First National Bank of Pendleton.)
THE present iituition of the
railroids of mil country Is to
intimately related to current
buainesa conditvpni Tiiat it should
be thoroughly and Renerally under
stood, because only with the help
of constructive public opinion can
the railroads lope to regain the
ground they have lost., .
Contrary to the charge that is
frequently made, we do not believe
that current freight rates are re
sponse for the present low trend
of business throughout the country.
Tht causes of commercial depres
sion are world-vide and are not to
be found in domestic transportation
chatges. " When business was good
last Fall the largest tonnage in the
. history of the country was offered
the railroads, despitl the advanced
rates which becam tflective Aug
ust 26th. To-day ean tonnage
rates are at the lowest levels in a
great many years, bi't ocean' traffic
is suffering perhaps even greater
stagnation than rail traffic. There
are many commodities that would
not move even if thv roads offered
to carry them free, (or the simple
reason that no maiVet exists for
them.' '
One simple case illustrates the
point: Texas farmed in April re
ceived $5 k ton for rpinach. The
(freight rata to Chicago was $30.36
a ton. The retail- pricf at that time
was $300 a ton, or $164.64 more than
the railroad and tli grower to
gethir received. Whether the far
mer would be benefited in the
slightest by a reduction of freight
rates under those conditions is
hardly debatable.
Regardless of the' present level of
rates, it must be borne in mind that
this country has been built up by
the means of tiie cheapest trans
portation in the world. So we be
lieve that ultimately a general re
duction in rates is essential, but that
cannot come until railway operating
costs have been substantially re
duced. Until then no reduction is
defensible. Railway rates are on a
war level because railway costs are
on a war level. Business would be
poorly served by a slashing of rates
that would produce a series of rail
way bankruptcies.
Nevertheless, we cannot expect
prosperous conditions until the
cycle of deflation has been com
pleted. In this cycle must be in
cluded railway wages and railway
supplies. When operating expenses
have teen deflated, railway rates
can be deflated, but we cannot ex
pect to go back to the pre-war level
of rates, as those rates were un
fairly low.
An examination of the railroads'
operating expenses during the eight
months following expiration of the
Government guaranty, shows actual
net operating income of the carriers
ever that period was only $277,
942,000. A 6 per cent, return for
that period amount to $728,901,000;
SOME IMPORTANT FACTORS IN THE
BUSINESS SITUATION '
INTERNATIONAL RELATIONS Payments under repara;
tions agreement have strengthened economic position u
allied powers, but have worked no improvement in the e
changes. Sterling, Continental and South American curren
cies continue weak. v ; t
FOREIGN TRADE Reports or May, 1921, Indicate new low
leve.1 for year in both imports and exports, showing decline
of 52.4 and SS 9 respectively from May, 1920.
INDUSTRIAL SITUATION Continues to mark time, await
ing proper adjustment between pricet of agricultural product
and manufacture.1 article. -
FINANCIAL CONDITIONS Federal Reserve Bank of New
York reduces rate to 6, Indicating easier money market.
Call loans tout-bed 5 during June lowest point since
October, 1919.
FARM PRODUCTS This year wheat crop now estimate at
829 million bushels, as compared with 728 million bushels
pre-war normal. Recent price declines despite large exports.
Corn probpecta rplendid. Cotton cieage reduced 25, and
market conditions still unfavorable.
IRON AND STEEL-Industry operatlrg at from 20 to 30 per
cent, capacity, which is lowest ebb in many years. Pr -duc-tion
is below consumption, indicating storing up of future
demand. Stock are depleted.
FUEL Soft coal si(es depressed. l""ice recession under way.
Little demand for steam coal. Anthracite production prac
tically normal-
BUILDING CONSTRUCTION Distinct improvement noted
during past two mondis. Reductions In wages and prce of
materials afford basis for gretly needed operations.
so the actual net opcratinR income
of the carriers was $450,958,000 less
than the minimum they ought to
receive if their solvency is to be
assured.
When the carriers were returned
to their owners their treasuries
were dangerously .depleted. They
could not be strengthened because
of the negligible net earnings since
reported. In consequence, it has
been impossible for the companies
to pay their bills promptly. One
railroad is understood to liave bills
payable of $65,000,000. The Gov
ernment is said to owe this road
over $100,000,000. This is doubtless
a typical situation.'
A prompt and liberal settlement
of the accounts between the Rail
road Administration and he car
riers would produce untold benefits.
It would be the first step towards
a business revival.
The second step would follow
when increased net earnings prompt
the railroads to begin buying again.
The amount of work that should
be done to place the rolling stock
and other property of the carriers
in shape to handle a normal flow of
traffic is stupendous. . Far-sighted
business men have recognized that
if the .railroads enter the markets
as buyers in periods of depression,
not only would they procure their
supplief more cheaply, but the pe
riod of depression would unques
tionably be shortened.
: The shrinkage in traffic which
is now apparent lias been only a
secondary cause of the railway
difficulties. The primary cause is
the high cost of labor and materials,
and these costs are almost wholly
beyond the control of the railway
manager. As Mr. Julius Krutt
schnilt. Chairman of the Southern
Pacific, points out in a very illumi
nating letter just sent to stock
holders, 64 cents out of every dollar
of operating expenses were paid to
labor at prices fixed by the Govern
ment; lo cents additional went for
materials and supplies at prices
fixed by the Government, and i'i
cuts were paid for. expenses in
curred by the Government in the
first two months of 19J0 when the
carriers were still under Federal,
control. Therefore a total of 82J4
cents out of each dollar of expenses
in 1920-was paid out at prices prac
tically fixed by the Government it
self. With all of this, there have been
some recent favorable develop
ments. The Labor Board has
authorized a 12 per cent, reduction
in wages which look effect July 1,
which will result in savings esti
mated at $375,000,000 a year, and
the wasteful na'ional agreements
re abrogated vof the same date.
Everyone wishes to see those who
work in tra fsportallon service
fairly remunerated, but there is no
possible justification lor many of
the abi-ses that, crept into wage
schedules iuring Fedtral control.
The public . should demand the
speedy abolition of law-made job.
Macaroni, 3 pkgM, ,,'.25a I
XoodJes, 3 pkgs
Spaghetti, 3 pkgs ....2.Vi
Bex Lye. cart .l.lo
Citrus Powder, pkg a5o
1 pkg, Matches, 6 boxes. ..85o i
12 cans Campbell' Roup.. $1.40 ,
12 can tyllk .. . ... ,. 11.40
Creamery Butter '. . . . .'. . . .40c
Salmon, can Wo
Salmon, can ,. ........... 12e
Why Pay Mote? s .( '
Come in. " If not oonveuletit to
.,. , com?, till 182
OREGON
BAKERY , ,
320 East CouiV Street
' ' i
DR. LYNN K. BLAKESLEE :
Chronic and Nervous Disease" nd
Diseases of Women. X-Ray Etectrto
Therapeutic.'"
Temple Bldg.
Room II.
Phon 41
THEATRE
Xixon, Clay Branstetter, Bryrfn Bran
stetter, Mr. and Mrs. John Oliver and
family and Bill Nixori.
George Vogt of Portland Rpent the.
week end visiting at the James Bottger
home east of Echo.
Jacob Rhode of Pendleton spent
Wednesday In Echo attenaing to busi
ness matters.
Mn and Mrs. R. B. Stanfield spent
the Fourth In Walla Walla.
Mrs. C. Koontz. Mrs. Llbby Hendley,
Mrs. Alex Malcolm, Mrs. Kalph Sing
er and children and Delbert Malcolm
enjoyed a picnic on the Columbia near
Arlington, Monday. ' .
Mr. and Mrs. T. M. Johnson and
children Ruby and Maurice returned
home Sunduy nfter visiting for about
two weeks with relatives in the Wil
lamette Valley.
Children, 5c
Adultts, 20c
A' Western Picture
of Real Western
Days
The
Midnight
Riders
r.
Thrills-Suspense
Comedy
HOT DOG
Stockings
..a .'. re j
TONIGHT
TONIGHT
!i .1
. if
American Legion Presents
OFFICIAL PICTURES TAKEN BY TIIE U. S. SIGNAL CORPS
OFFICIAL
FILMS
WAR
J ' ' Vf n A-
i I v i . .J '
ACTION
Battle Scenes Depicted in all
their reality nothing near
er the truth.
ACTION
Blushing beige I the very newest
effect in .Ilk hosiery. No wonder
the stocking blush, you say, the
way they are exposed to the publlo
sraze. But h ,.. 1. .. ..
mm 11 mr me
very latest thing 1 belg, with the
Uiun wnicn give th tocklng
when In .action, the effect of flesh.
Every woman know that ah can
not be well dressed unless her feet
are properly shod and atocklnged.
The black satin vandal pump and
thin black silk hoe in the picture
are always good form, for aX ternom
4 tvfllflg year. - .
You had friends or relatives in either the 1st, 2nd, 3rd, 4th, 42nd or 91st di
visions. You will enjoy these pictures from this standpoint alone. : '
Arcade Theatre
! " ' . ' 1 ' ' . .
Friday, July 8 Saturday, July 9
Admission: Children 25c; Adults 55c, Tax Included; ' & '
i