DAILY EAST OREGONIAN, PETOIETON, OREGON, TgtmSSA? EVENING, JtTtY 28, 1021.
TEH PAGE3
FACE FOTJH
t
Published Dally snd Biml-Weekly,
Jendieton, Oregon, by the
EAflT OREttORNIAN Pl!BLISHINa CO.
Kntered st the pout office st Pendle
Inn, Oregon, second clans ms.il mil
ler. ' ON SALE IN OTHER CITIES
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dv Ed oat A; uuest
IK.
KXOVrX6 HOW
Soma men there are can talk of dates
And tell what old-time sages said.
And some can prate of traffic rates
And spout the chemistry of bread;
In education's varied lore
Is much to fill the minds of men,'
' But when a task we stand before.
It's "'knowing how" that's needed
then.
There are wise tongues which Can ex
pound "'"
The deep philosophies of life;
Some know the laws which govern
sound,
But it's an art to whet a knife.
Our printed pages all are rich
With wisdom from the gifted pen.
But when the world must dig a ditch
It's "knowing how" that's needed
then.
The high diploma nicely framed
Is good to oivn and fair to see.
And no man here need be ashamed
To bpast or treasure his degree,
But lost is learning if it finds
Xo outlet in accomplished deeds
And vain becomes the polished mind
. Unless to "knowing how" it leads.
He is an educated man
Who knows his work and does it
well.
Who builds exactly to the plan
Or welds a joint or digs a well.
And though of him we little boast
Nor wreathe much laurel for his
brow.
The man we need and use the most
Is he who serves by "knowing how."
"During the last few years we have increased our production
of many commodities far beyond our own capacity to consume
and we have been developing foreign markets, especially in
Lt tin-America, to absorb this surplus. From such markets we
import many articles, some of which are not produced in this
country. If we now limit the importation of these goods by
high tariffs we should do irreparable harm to our export trade
by preventing the free exchange of those commodities which
our commodities have to offer in payment for what they pur
chase from us.
"The business stagnation of today is not due, as some advo
cates of high protective duties assert, to a flood of foreign goods
c niDetin? with the produce of our own fields and factories.
Moreover, in large part our imports are non-competitive goods,
f.nd it is in industries represented by some of these, such as cof
fee and rubber, in which stagnation is most pronounced at the
present time. Although it is estimated that our export trade
constitutes but about 10 per cent of the total trade of the coun
try, it is commonly looked upon as the outlet for our surplus
productive capacity of agriculture, transportation, and manu
facture and as a stabilizer of business. A healthy and prosper
ous foreign trade' has become of increased importance to a great
r any of our citizens. It is consequently of serious domestic con
cern. . j
"While it is possible that a high, protective tariff on some
trticles may be proper, there is surely nothing in our economic
situation which justifies the adoption of a general tariff policy
that will, in effect, erect a barrier around our ports and isolate
us commercially.
While the northwest wheat market is quiet at present owing
to the difficulty in securing ocean tonnage, five big steel ships
owned by the government are tied up unused in Portland har
bor; there are 50 such ships in San Francisco bay and 500 at
Baltimore. Why should these ships be allowed to rust while ex
porters search for ships and find their chief opportunity in the
:se of Japanese steamers? ? 1
Ulster also insists upon a place in the sun. I
(Copyright. 1SII, by Edgar A. Guest.)
WHY THE FORDNEY BILL IS WRONG
NINETY-FIVE
ALTHOUGH the adoption of a high protective tariff f or a
few industries may seem desirable, the Fordney tariff bill
has been subject to much unfavorable criticism, states the
current issue of 'The Guarantee Survey,' a review of world-wide
business and financial conditions published monthly by the
Guaranty Trust Company of New York.
"The American valuation plan has likewise been the subject
of serious criticism," continues The Survey. "Under this plan
duty is based upon the value of similar articles in the American
jr.arket, instead of upon the cost of the article to the importer.
The purpose of this innovation in the law is to equalize the duty
ha between countries the value of. whose currencies fluctuates
widely and also to secure the full benefit of the results which the
protective ad valorem duties are designed to produce.
"Ad valorem levies, as compared with specific duties, are li
able to variable and arbitrary interpretation. Owing to the ab
sence of fixed duties, the calculations of importers would be sub
ject to additional uncertainty, with the consequence that they
"would have to allow larger margins of profit, to the detriment
of consumers. Moreover, as foreign goods increase in cost to
the importer by reason of the appreciation of exchange, this
scheme would operate more promptly to debar them from our
markets than would duties based upon invoice valuations. The
intrinsic merits of a revival of this method of valuation, there
fore, are extiemely doubtful. '
. "Congress should devote serious thought to the ultimate ef
fect on our commerce and industry of a highly protective tariff,
before Tilacinsr such a measure on our statute books. Considera
tion should be given to the effect of a high tariff not only upon
particular industries, but upon the welfare of the country as a
v hole. We should not lose sight of the difference between con
ditions now and conditions when the Payne-Aldrich law was en
acted, i The effect of the adoption of a high protective tariff to
day may be quite unlike the effect of the adoption of the Payne
Aldrich law and similar measures passed before the war.
"Prior to the war, the United States was a debtor nation and
comparatively little thought was given to the effect of a protec
tive tariff on our export trade. . Today, an altogether different
situation obtains and the adoption of a tariff law with rates high
enough to interfere seriously with our export trade is destined
to cause serious injury to our commercial and industrial life, i
"It is estimated that prior to the beginning of the war Euro
r.pan canital was invested in American securities to the approxi4
mate amount of 86,000,000,000. The net payments of interest
ariH dividends on this capital, after deducing the amount owed
to citizens of the United States on account of their foreign in
vestments, required the annual remittance abroad oi oetween
$175,000,000 and $225,000,000." Other payments, such as ex
nenditures of American tourists, remittances by immigrants,
freight, insurance, etc., brought the total up to about $500,000-
. - . . , " 1 J- 1 A li.
000. In order tnat tnese payments rnignt ue met, it was neces
sary that our merchandise exports should exceed our imports
bv approximately the same amount And, in fact, the average
excess of exports over imports for the years 1911 to 1914, in
insive. amounted to approximately $550,000,000.
"Our pre-war status has been completely reversed. From
1)15 to 1917, inclusive, the demand of European nations for our
tronria was so ereat that at the time ot our entrance into the war
mir indebtedness to European investors had been more than
balanced bv the excess of our exports over imports. After we
ntorpH trip war we loaned approximately $10,000,000,000 to
the allies, but up to the present time they have not been able to
pay even the accumulated interest thereon. In addition to this
amount, we put billions more at the disposal of Europe through
the repurchase of large quantities of American securities, held
there and by large private investments in foreign currency and
dollar bonds, as well as short term export credits.
"The United States has thus become the leading creditor na
tion, and as soon as foreign governments are prepared to pay in
terest on their indebtedness, we shall be entitled to receive more
than $500,000,000 annual interest payments from abroad. While
this amount may be offset in considerable degree by tourists'
expenditures, freights, insurances, etc., the balance is bound to
be in our favor even though no part of the principal is paid. A
rhane-fl in the relation of our exports to. our imports or the rein
vestment abroad of large capital sums must be expected if Eu
rope's debt to us is to be liquidated, While it is true tnat tne
date of such liquidation may be temporarily postponed through
the extension of credits and the adoption of similar devices, it is,
.vorthplpss. true that the debt must be paid eventually in
goods, or not at all.
"It is, of course, important that the highest possible volume
f svnnrt trade should be maintained if we are to have normal
production in our mines and factories and on our farms, and if
we are not to be forced to scrap a large part of our new produc
tive equipment. But an increase in imports does not necessitate
a corresponding decrease in exports. It is entirely possible that
the present relation between exports and imports may be re
vi.rsi'd without in anv way decreasing the volume of exports.
We can buy more without selling less and thereby enable our
European debtors to pay off their obligations without crippling
cur industries or decreasing our national wealth in order to do
no. A study of the development of foreign trade in many Eu
ropean countries will snow toia w De true, t.
N'BW YORK, July 2R. (I. X. S.)
Daniel JL Treadwell, lawyer, author,
scientist, broker and man of affairs,
on the eve of his ninety-fifth birthday
is just a bit amuspdly tolerant of the
furore made annually over the fact
that John D. Rockefeller, in the ripe
maturity of his eighty-second year,
still is able to play golf and enjoy a
drive in his motor car or, perhaps,
one of his motorcars might be better.
Mr. Treadwell goes to his office at
the Home Title Insurance Company
daily, and conducts his routine affairs
as a mattor of course; and he doesn't
expect anyone to wax excited about it.
He is regarded as the oldest active
business man in New York and he
is looking forward to being a good
deal older business man before he re
tires to spend his old age in peace and
quiet.
Mr. Treadwell admits that John A.
Stewart, of Morristown, X. J., chair
man of the board of directors of the
United States Trust Company; who
wfll celebrate his ninety-ninth birth
day on August 26, is getting along in
years and has earned his retirement,
but feels that for himself ninety-nine
years will be a bit young for retire
ment. Mr. Stewart goes to his office
in Wall Street three times a week.
Xrvcr Wears Glasses
On the 26th of this month Mr.
Treadwell will go to Freeport, U I..
for his annual birthday party with his
littlo grandnephew, Charles P. Har
vey, son of Mr. and Mrs. Alfred Har
vey, who is his junior by a little mat
ter of exactly eighty-four years to the
day. Mr. Treadwell will be ninety-five
anjl Charles eleven' years old, but the
Might discrepancy in years u'lesn i
alter the fact that the two are "bud
dies." and neither would feel that his
birthday had been celebrated properly
minus the presence of the other.
As a matter of fact Mr. Treadwell
has the appearance of a man tn tne
late fifties. His eye is clear, he; never
wears glasses, his step is firm and he
has a full crop of bushy white nair.
His carriage is erect and soldierly and
he has all the vigor and vitality of a
man slightly more than half his years.
Mr. Treadwell has a spontaneous
humor which is very readily tapped.
Tn fact, he managed to find consider
able amusrment over his clumsiness,
some two months ago, when he per
mitted a pair of new rubber heels to
trip him up' and hurl him headlong
down two flights of stairs leading to
the stoop ot a neighbor's home. He
was bruised a bit instead of being
killed outright, as would have hap
pened In the case of someld fellow of
sixty or seventy years; but he refused
to call a doctor and has little to remind
him of tho fall now.
f
Prettier Handkerchiefs
' ' for 29c " ' 4
Are not made than these new ones we are showing.- IPretty eolfrel"7'bor(!fer3,
lace edges, solid colors, hand embroidered, Swiss embroidered, etc., a wonder
ful lot of novelties at this low price. E ach . . , 2$c
Luxite Silk Italian Underwear, is
an economy in every way. Bloomers '
and vests reinforced where the strain
comes, extra weight, easily laundered
and very serviceable. v
Bloomers are . . . $4.50
Vests are $3-50
New Square Drape Veils, navy
blue and black, has border, very pret-'
ty, just received these from New
York. Each . $1.19
Boston or Overnight Bags, made of
split cowhide, cloth lined all leather,
strap fastener, medium to large sizes
a great value, each .1 .. . $2.95
"Sunlight" Knitting Yarns, are su
perior in finish, color and service,
fourfold German town,' silky worsted
mixed, premier knitting, price the
ball 30c to 59c
Phone 127
for
Better Merchandise
Very Fine Cotton Batts, made of
long fibre, soft "spun lofty cotton,
with a wool finish, called "Woolcott"
vei'ghs! 3 lbs.,' measures 72x90 inches,
pu t' up W in "a sani tary carton and
only; ...v $i.ss
White Double Faced Eiderdown,
36 inches wide, for baby squares, etc.,
the yard '.'. .-vV. it w$1.45
Silk Warp Flannel, very fine for
baby clothes, the yard ........ $1.59
Vanta and Tiny Tot, Vests and
Bands, wool and cotton, all wool and
silk and wool.- Prices are way below
that 'of last;year, from. . 50c to $1.75
. Children's Union Suits and Under-
waist, combined in one garment, but
tons all around, low neck, no sleeves',
knee length, knitted and easily wash
ed. All ages, the' garment. I..:, 75c
Phone 127
for
Special Delivery
MAN IS KILLED WHEN !
-HE RESISTS ARREST
EVERETT, , July 2S.r-A. P.)-
John Huggins of Denver, is dead,
James O'Brien, of Spokane, was shot
through the neck and AI Solletine of
Mount Vernon, Deputy Sheriff of Ska
git county, was shot through the left
Jaw in a pistol battle In a hotel at
Mount Vernon today. Huggins and
O'Brien were suspected of being dope
runners. Sheriff Reay and Solietlne
went to arrest them. During Reay's
tejnporary absence from the room, the
suspects disarmed Solietlne and cov
ered him with gun -Reay returned
end opened fire killing Huggins and
wounding O'Brien.
Alaska's white population decreased
23.4 per cent between 1910 and 1920,
according to the census bureau announcement.
28 YEARS AGO
(From the Daily East Oregonlan,
July 48. 1893.)
3. R. Caplinger, of Helix, left Pen
dleton this afternoon with his three
children for Lehman Springs.
There Is nothing in the whole list
of fresh-healing remedies that can ap
proach Liquid Horozone in the rapid
ity with which it heals cuts, wounds,
sores, burns or scalds. It is -a mar
velous discovery. Price, 30c, 60c and
11.20. Sold by The Pendleton Drug
Co.
A child can't get strong and robust
while worms eat away its strength
and vitality. A dose or two of White's
Cream Vermifuge puts the little one on
Its feet again. Price, 35c. Sold by The
Pendleton Drug Co.
A teaspoonful of Herbtne will pro
duce a copious and purifying bowel
movement, Improve appetite, restore
mental activity and a fine feeling of
vigor and cheerfulness. Price, 60c.
Sold by The Pendleton Drug Co. '
Sweiling caused by insect bites can
be reduced by nslng Ballard's Snow
Liniment. It counteracts the poison
and relieves the Irritation. Three
size's, 8 Oo, 60c -and J1.J0 per tottle.
Sold by The Pendleton Drug Co. .
ALTA
'"Mr. S. P. Sttirgis and mother, Mrs.
J. Hartman, are visiting friends, at
Weston and Athena.,
C. F. Warner Is In the city from
Pilot Rock.
President M. G. Royal, of the Wes
ton State Normal school, was In Pen
dleton Thursday evening on his return
from a canvass in Gilliam, Sherman
and Wasco counties. He left this
morning for Weston.
' A party "of young campers, ' Dan
Shnekey, Leon Lynde ' and Clarence
Dupuls.-left Pendleton yesterday for
Ihman Springs'.
DOINGS OP THE DUFFS TOM WAS UNCOMFORTABLE AT DINNER BY ALLMAN
SAV, LAD, IF I 5UP YOU
A TEN SPOT WILL VOL)
GIVE ME THAT FISH AND
FORGET THAT VOL)
CAUGHT IT OR EVER
FERTEM
BUCKS I'D
FERGET MY
NAME?
I COOK. WOULD A COUPLE SMi
l OF DOLLARS PER5UADE BLESSVooR $M
I YOU TO BAKE THIS FI5H utART ft BE"
AMD HAVE IT SERVED J gLAP Yo? Jffivl
. -jyTQME xmmmk
1 I I H I MR.DliFF.VOUf? REGULAR L 0H.THAT5 JfJr -JCTS
(M ANXIOUS f; VAITRES3 I5N'T HERE A B,s piSrl! F'"21 SHALL I 5CRVE 1
To SEE THAT 5 THIS EVEMIW6 SO CLARENCE T (? DOFF ? 1
VJONDERFUL WILL WAIT ON YOU HE'Lt " ruvrirN J f
FISH THAT , TAKE GOOD CAKE" A " rT if E"3-
wm ' pip i x 'kmS
Todaft'
- Children, 10c . Adult. 35c
.vi''Sir
A tt. aV- C '.' h. .v.- ,- .., M K..7V
t-t if- w 1" -o
Bound for "'up river'' for a orlm
he did not commit! While masked
detectives "looked hiin over" for fu
ture reference.
And when the Iron gates clanged
shut, that is gnly the beginning!
JESSE L.LASCV prtnili
THOMAS MEIGHAN
The City of Silent Men
QCpaivmountQicture
, COMEDY "NOTHING BUT NERVE" J.
Vulcanizing
We havd the rrtost completely equipped tire, re
pair shop in Pendleton and are in a position to
give prompt, reliable service on any tire work. We
employ only skilled workmen and absolutely
guarantee our work. Bring your tires to us and
we will cheerfully estimate the cost of any work
to be done. In many cases we find people discard
ing old tires that have thousands of miles of ser
vice in them. It will save you money to take ad
vantage of our repair department
Simpson-Sturgis
. '
For Service Phone 651
Pendleton, Ore. 223 E Court St
Golden Rule Hotel Building
1