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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Aug. 19, 1920)
PAGE FOUR THE CAPITAL JOURNAL The Capital Journal BM INDEPENDENT NEWSPAPER Published evey- evening eaoept unday by Ths Capital Journal Prlnt- IJUr Co., 136 Bouth commercial street, veleDhones circulation ana uusi fceea office, 81: Editorial rooms, 82 O. PUTNAM, Editor and Publisher, Sintered aa second class mall mat' ter at Salem, Oregon. SUBSCRIPTION BATES - By carrier SO cents a month. By tall COo a month, $1.26 for three Months, $2.25 for six months, t per tear In Marlon and Polk counties. Klsewhere $5 a year. By order of U. S. government, ' all sail subscriptions are payable in ad' Vance. Advertising representatives W. D. Ward, Tribune Bids., New York; W. . Stockwell, Peoples Gas. BIdg.. Chicago. MEMBER OF ASSOCIATED PRESS the Associated Press is exclusively entitled to the use for publication of Ml news dispatches credited to It or hot otherwise credited in this paper fend also local news Tiubllshed herein. yegon bser vat ions Portland, Ore. Fashion's latest '. household fad, parchment lamp , uliades, hand painted and elaborately ' flnlBhed,. are being made in this city for nation-wide distribution. The Bak er Sales company, which began opera tions a year and a half ago, is one ot the few In the United States making these and It is shipping as far east as J)etroit. It alBO turns out art metal , lamps In polychrome and period fin ishes. . Hermiston, Ore. Forty thousand dollars will be distributed this year among the farmers of the Umatilla project this year through the sale of one of their by-products, extracted al falfa honey, Banks, Ore. In an effort to arouse interest In construction of an inland highway from Portland .to Astoria, passing through Forest drove. Banks, Manning, Buxton, Scofield and Verno , nla, a highway association having 200 members has just been organized In this section. A big meeting has been called for August 18 when state officials and representatives of state wide organizations will be present to hear the plan dlBcussed. Hermieton, Ore. A new, modern, $1,000 moving picture house built by local capital, is neanng completion m Itermiston. a Ashland, Ore. Penr picking is now In progress In the Rogue River valley. The green fruit are being preparedfor Bliipment by the five packing plants of the Ashland Fruit and Produce as nociation, . Hood River, Ore. Fifteen thousand dollars Is being spent this summer In , repairs to the warehouses of the Ap pie Growers' Association, This will greatly increase their capacity. La Grande, Ore. Peppermint oil, 12 gallons of It from an elgh-acre tract will net a local farmer a com . fortable sum, as he has been offered 184 a gallon. for it. The mint was planted only a year previous on a ranch In the Grande Ronde valley. W i . Ashland, Ore. Even the old hen is doing big business this year, for the Ashland Ashbellent Egg society has disposed of 6,245 dozen eggs during July. These brought prices up to 61 cents. ' , , - Hood River, Ore. Fifty-nine full carloads and several smaller additional uhlpments of strawberries went out this year from Hqod River, figures Just compiled show. The fruit brought rec ord prices ranging from $4.00 to $5.93 a crate. .Forest Grove; Ore. About eight toiis of loganberries and an equal num ber of cherries ar now being turned out daily by the Brownsville Canmnv. compnny here. Since the season open ed it his been running almost full ca pacity.. . . . Bend, Ore. To provide a steady supply of high grude building stone to meet the local demand an organisa tion nt Rend business men has been formed and will operate a quarry. This will turn out building blocks. Tomied Finance Eastern papers contain interesting accounts of the spectacu lar rise of the get-rich-quick "wizard" Charles Ponzi. , in eight months from dish-washer to multi-millionaire and equally abr sorbing stories of the still mjwe sudden collapse of his fortunes. For weeks Ponzi mystified experts by his jargon of international finance but his "secret" proved to be the oldest and most bare faced of swindles paying fabulous profits to investors from money supplied by new investors. It was the same game worked years ago by "520 percent Miller" and other meteoric frauds as old as finance itself. . All Boston became get-rich-quick mad over Ponzi and crowds fought to loan him their money without other security than his personal note. Millions upon millions were thrust upon him to secure 50 percent interest in 90 days or 100 percent interest in 180 days. A correspondent of the New York Evening World described the scenes before Ponzi's modest office, before Uncle Sam picked the bubble, as follows : In narrow corridors, up the stairways, at the doorways, with the air hot and dense from the crowds who have gathered day by day, handsome women with Jewels in their ears and the money-mad fever. Jn their eyes, touch unkempt women with babies in their arms and children tagging at their skirts. ...... There's a terrible tenseness In the" air and excitement runs high, the hands of big men are trembling and some women stutter as they talk. Life time savings are given away as if under the touch of an unseen hypnotist. Gaunt old maids give their money away as if it were pest-rldden, boys in knickerbockers gladly turn over all their wealth. Widows in long black veils, stenographers, frult-pedlers In their overalls, all kinds, young and old, rich and poor, some looking affluent, some down-trodden, Jostle and push and sometimes fight to get a place nearer the magic entrance. "There he Is, there he goes," and a mob frenzied by past success with him, press their billB in his face, almost pushing his eyes out. "Take my money, take my money," they cry, and In their eagerness would forget their notes. . Ponzi claimed to invest the money in international postal reply coupons, taking advantage of the various rates of exchange with foreign countries in peculiar combination. He claimed to have sent money to various European countries, buying drafts in the depreciated currency, turning these drafts into international reply coupons at their face value, cashing them in Switzerland for j a draft on New York. For instance $1,000 sent to Vienna would buy, at the present discount, 140,000 kronen (par value of 20 cents per kronen) . These were turned into postal coupons at the face value of four for each kronen. Getting 560,000 coupons, he exchanged them in Switzerland for 140,000 Swiss francs, which at the rate of 5Vsj francs for a dollar yielded $25,000 on the $1,000 investment. The story was plausible enough to mystify the public and the prompt payment of notes did the rest, despite the assertion of postal inspectors that the total issue of postal reply coupons for all countries in the postal union for the past seven years did not exceed half a million dollars and that the total supply for the United States during this period represented about $60,0Q0, while the total Italian supply for the last year was only $2,000, and that moreover, these coupons were not redeemable in money, but in postage stamps. Still the money mad public resented be ing saved from their fool selves. : ; Ponzi was apparently not skillful enough to draw his notes properly they read "at any bank" instead of specifying a bank, as the law requires. He employed agents in Boston and through out New England on commission, so the money would come in faster. Yet this ex-convict was entertained and lionized by the elite of Boston as a financial wonder. Ponzi can laugh in his cell over "what fools these mortals be" including himself. He has at least been a nine days wonder and his venture has coined a new word "ponzied" finance, to print a moral and adorn a tale until some more inventive crook devises a cleverer swindle to fleece the confiding public and dim his lus tre as a get-rich-quick wizard. rJ?Wkl BY ARTHUR SCOTT BAIHV;,, 51"' I Communism Not Wantrtm, Jennie Junebug On ths dav or rather, on the nightwhen he first met Jennie Junebug. Freddie Firefly was ill at ease. In fact It might be truthfully said that he was quite upset. One beautiful, warm, dark night early in the summer Freddie was hurrying to join a big family party which was already gathering in the hollow beyend the hill. He was scooting along through the damp air, flashing his light at the rate of about thirty-six times a "You ought to be careful." he told the strange fat lady. minute, when a heavy body bumped into him and knocked him head over heels upon the grass-carpeted ground. It was no wonder that he felt up set. And he felt quite peevish, too, as he picked himself up and looked about him to see what had happened. The next moment he was flashing his light into the blinking eyes of an enormous fat person, who seemed to be dazed, either by the shock of the collision or by the light Freddie Firefly couldn'tytell; which. "Why don't you Jook where you're going?" Freddie cried impatiently. "You knocked the breath out of me. Ami vnu almost broke one of my legs," The next instant he was hear tily ashamed of himself; for he saw, a lady. "Oh! I beg your pardon he cried. "Ex excuse me! I hope you're not seriously Injured?" "Oh, no!" wheezed the fat lady. "I'm all right. It's no matter, I as sure you. I'm quite used to running into things after dark." 1 Freddie Firefly didn't quite like be ing referred to as a thing. But he was too polite to say so. "You ought to be careful," he told the strange fat lady. "It's dangerous for one of your weight " "Oh, don't!" she exlaimed quickly. "Please don't tell me I'm fat! I've tried every remedy I know and I can not lose a single pound!" "Don't you think that flying makes you thinner?" Freddie Firefly asKea her. But the stout person shook her head dolefully. It only seems to make me bigger, she "groaned. "Then why do you do It? "Oh, I Just adore flying!" she cried. Don't you?" Freddie Firefly admitted that he did like to fly and the next moment he was sorry that he had made such a statement. For the fat lady blinked happUy at him. And clasp ing her hands together, she said: "Oh, do let's fly together,' then!" Freddie Firefly was. so taken aback that at first he couldn't think what to say. But at last he managed to stammer a reply. "Why why I-rll be glad to, but I don't even know your name!' he told her. "It's Jennie Junebug," she explain ed. as she fanned herself with a fan made from a white clover leaf. "You're a newcomer in these parts, aren't you?" Freddie Firefly inquired "I just arrived here' this month she informed him. "This is the month of June, you know. And I'm one of the well-known Junebug family. ... I already know who you are," she continued. "You've Freddie Firefly; and you can't deny it. Rippling Rhymes Government Wise government can do a lot to brighten up our days ; wise government will hit the spot in fifty-seven ways. And still we'll have to buckle down and saw our share of oak, if we d have' credit in the town and not be always broke. Good government will help us all, if we should help ourselves, and we'll have pic tures on the wall, and pies upon the shelves ; and we're secure in what we own of land or hay or gold, and when we earn a shining bone, it's ours, to have and hold. And we're protected in our car, and in our bed, at rest; good government will go that far, when it is at its best. But it won't take the place of toil, by which the prudent thrive; it will not hoe the weedy soil, or keep the corn alive. I don't depend on man made laws to help me dodge life's ills ; the smoothest law that ever was won't pay my monthly bills. The noblest statute in the book won't keep the wolf away, or buy a sack of spuds to cook, if I loaf round all day. I leave my shack at morning, bent on hours of useful toil ; I don't depend on gov ernment to make the kettle boil. , The Two Roosevelts and - -the A nti-Saloon League Eighth Acre of Wilson Strawberries Yielded Hundred $ To the Kditor: In your paper )f August 12 you stated that John Dhristenson of Canby roUI $400 worth of strawberries from two eres, and that Fred Schneider old $150 from one-fourth acre Phis Is good. Hut I have thorn both skinned. I sold 110') worth from one-eighth of an sere this year at 13 cents per pound ati't last year 1120 worth from the same patch of Wilson berries. I have the cheeks to show for the above "state ment. ., , . A. K. COttRRCA". Silverton Star Route, Aug. 18, Love and Married Life By the Noted Author ID AH McGLONE GIBSON The store of Mays & Carver at Don old, Marlon county, has been entered by burglars and robbed ot a quantity of knives and shoes. Helen Doesn't Understand Helen looked at me very curiously as she said, "I wish you joy in your undertaking. But will you let, "roe be pessimistic, my dear,Jand say that I do not believe that you can succeed If you play against Elizabeth More-i land." "Why not," I paid quickly, " do you not think I am as clever a woman as she." , ?Much more clever, my dear, but you are too frank, too honest and depend too little upon; your femini nity to succeed when pitted against a- woman like Elisabeth' Moreland, who uses every sex appeal ' in her warfare." .' , , . : - "Well, i my dear this is my last battle," t sai,d rather tremulously. "If I do not succeed this time, I will believe that John cares more for Elisabeth that he does for me. But he has told me time and time again that this is not so. If he does I shall take Mary and go away and leave ; him to Elizabeth." "Do. you ever, hear from Karl Shepard?' asked Helen irrelevantly. T felt myself flush.' By what process of association did Helen think of Karl Shepard ? ......... Always Liked Karl ' - "You know I have always liked Krl, said Helen. , "So have I." I answered in a voice that I tried to make unemotional, rui you naven t answered mv question," said Helen. ; -wnac question?" I asked, more to gain time than anything else. "I inquired whether you have heard of Karl lately." - "Xo. but I shall hear today," and then I stopped, surprised at my ans wer. How could I know that f would hear from Karl Shepard today. What. inane me say I nose leoJish words, I havai -not heard from him In months, and 3 have tried not to think of hlm ever since I gave his letter to John. Tet here, without volition on my part, I had said that I should hear from him today. - It was uncanny, because I knew as well as though I had seen the letter that when I returned to the Wherever ther's a mismasted course; hotel I should find a letter from him. Iher s al'us a revolver in th' bureau! These were the thoughts that were !rw-r. We kin all git In th' enm-j !c.-ding through my brain. How r alert If.U year, l.ul Db and he'd .-aver,: I hastened to explain to Helen Karri i. ' that I had not the slightest Idea why I knew I would hear from him, and Jn doing so I also explained how ever since Karl had been away although I had never written him a letter, and In fact never knew where he was I had always seemed to be sure when I was going to hear from him. There have been times in my dreams when I saw him write the letters which I received soon after, and In those let ters had found that he had known exactly what I was doing at the time, A Peculiar Case '"It's a peculiar case of thought transference," said Helen. "Did you know Karl very well before he went away?" ' "if yo mean did I see him much or often, J shaU have to - answer, 'NO'." s "But some way, Helen, Karl Shep ar has understood me better than any other person I have ever known. No," I hastened to add as she seem ed ready to speak, "I do not think I am in love with Karl Shepard. be cause I have never felt that thrill when he has been near me which even a glance from . John's ayes am-akes in me." , ' Helen continued to look at me with speculative eye, but she said nothing. At that moment Bobby drove up with jonn, and both came into the house. im iucjc wouia nave it, the paper nangers came Into the house at the same time. "What are those men doing here?" asKed John. "I though . they had finished decorating the house-." -, "I am going to have this living room redeeorated. 1 don't like it.", ;f"But. but but,' stuuttered .' John, "you cant do that. I have lust had It done." - ''.. "Oh, yes I can, John." I said. "I not, only can do it. but I coin tn do It." Hor. will H. Hays, and the Republl can National Committee. epuDU Gentlemen: rfi,?,,lnnounced that Lt- Col. Theo Ma,R00T,eIt' Jr" wi" mae a na tional speaking tour, trailing Franklin l). Roosevelt, the aomnon vice presidential n7Z"""m people the real Roosevelt" Tho "real Roosevelt," whose body unfortunately is. to, the grave, stood '0'ta observance. It was a passion with him. But his..son last spring in the New York legislature voted for the passage of the nullificatinn h... later invalidated by the supreme court He, a republican, betrayed his own party to Tammany and slapped in the face the moral element that was his father's strength. On the other hand, Franklin D. Roosevelt, who is spoken qf so slightingly, when in-the New York legislature, although a demo crat, refused to line up with Tammany but stood with the moral element n the liquor issue. I am an independent prohibltlnn re. publican and however little enthusl. asm the machine ifbeses of my party have left me I will not vote the presi dential ticket on which .Franklin D. Roosevelt is running, But I stand for nonesty and fair dealing and shall pro tear wnn all my power against-the outrageous tragedy of this DoliticalTv weak and inekperienced bearer of an illustrious name being used as a false nont by the wet reactionary Old Guard of New York which fought practically every progressive and mor al thing his father stood for. The pro-brewery record of the pres ent bearer' of the name of Theodore Roosevelt will get you some wet votes in wet centers if that is what vou want. But he will not ealn anvthlnir for you in the dry states of the west and south where his father was strone- eai. We are communicating the facts to tne leading newsnaners in the mm try and dry leaders In the dry states lugetner with the additional fact that the. wet bosses who are nsine- him dared no nominate him for lieutenant governor, because in addition to being in wrong with the moral element is in bad flavor with the very machine politicians with whom he is consort Ing, because, it is currently reportec in New York state, he "ran out" on the republican organization on the so cialist ouster question after having originally gone into it with them. The mere spirit of "Theodore Roos evelt, the Real," who being dead yet speaketh, will count for Infinitely more than anything that can be said by a son who has turned traitor to much that the father stood for. Yours respectfully, (Signed) ' WILLIAM H. ANDERSON. , State- Superintendent, Anti-Saloon League of New York. Farm Colonies To Satisfy Land Hunger, Mexico Mexico City. To satisfy the land hunger of the Mexican peasantry, the government is establishing farm col onies in the states of San Luis Potosi and Guanajuato. Other settlements will be founded as soon as these first two are completely launched. In these colonies, the small proprie tors will live like the Mormons in Chi huahua and Sonora each community having its own streets, market, gar den, mixed school and moving picture theater. Apportionment of the adja cent. farm lands will be made so that each petty landholder will literally have his own "row to hoe" thus ob viating one of the greatest causes for the many recent uprisings that have occurred in Mexico. Each farmer will be furnished with agricultural imple ments anud seed. . ' These farms will be non-transfera ble in any form, whether by mortgage, sale or exchange. They may be inher ited, however, and are to be free from taxation. It is planned to establish the pro posed communities near railroad liens, so that the products will find ready markets.. - (From the Eugene Guard.) Government Imposes burdens and .to some extent restrains personal liberty The burdens are necessary In the shape ot taxation to maintain the govern ment, and to restrain the vicious; to protect the weak against the strong, to guarantee the rightsvof all is the prin cipal object. Thomas Jefferson favor ed Just as weak a central, government as possible that would keep the nation from falling into the clutchen of an. archy. Individualism, the right to think and act after one's own Inclina tion so long as another's rights were not interfered with, and equal oppor tunity for all constituted his ideals. Few of the great founders of the nu- lion Deneved lt possible to regulate the morals of the people by statute, and tney reared the complicated, 6xp sive government, with greater oppor tunities tor corruption, that would fol low any attempt to do so. These earli er statesmen were right; we are suf fering from too much government more than anything else, the attempt to take care of everybody, to regulate everything, and to .' hedge everybody roundabout with legislative prohibi tions and spying officials so closely that he will go to heaven in spite of himself. Twenty years ago the social ists would not have thought of asking for a more socialistic government than we have in the United States today. But the old socialistic party seems to have been swallowed up in bolshevlam or communism, the two political or ganizations being very nearly the same. The advocates of this system would make the government supreme, and all property common, virtually. obliterating individualism. This Amer-' icans will never do, because there is greater opportunity for the individual here than ever before, and lt is only human to desire to succeed and to en Joy the fruits of success, rfhe work ingman of today is the employer of to morrow. The richest men in the na 'tlon started poor two or three decades ago, and two green country boys of a few years ago are rivals for the presi dency. On the other hand, most of the great fortunes disappear within a gen eration or two after the death of their founders; Commodore Vanderbllt once said It was only three genera tions "from overalls to overalls." Real Americans do not want to be come nameless, ambltlonless and In finitesimal parts in a great governmen tal machine. They want a democracy as pure and simple as possible, the most efficient government possible to y vrt th money they pay in the ihana of taxes. They are for wiping ie of government that have become ....,.. but they do notn """ er of anarchy that ,h attempt to make a "rel'0110 Utopian dream of the wl" 5 man where there .hall bT nor worry. An im&CSZ French communistic reJZ4 i cause the people in ttmTSSSi need of strong protection 2? bery, outrage and murfct T for protection from father of all goverZ.t French mind, tired of tETt-M anarchy, naturally swung u tT1 extreme beforel t f Inall, mv, 'TT most reasonable .olution, a CZ form of government. wml French history will h. -..1. . the progress of the Huian 3? : time goes on. mn , Senator L aFolletU Visits In Indku Senator A. M. LaFollette It v dlana where he went to attend nuai reunion or the LaFollette (1 lies. Mr LaFollette had nlawmh attend one of. these reuniom for a eral years past, but the oecasfoij, wavs comes Just when he Is busy gn, paring for his enormous peach Ku. vest. This year he hafl no m im vest to occupy his attention, and ntt ing to detain him. The senator urged to attend especially for ths m. son that he is the oldest membir t the LaFolletts living. He will not his cousin, Senator R. M. LaPolkUi of Madison, Wisconsin, on hl -wif home where he wilt visit for a M days. He will be absent until the flii of next month. JOURNAL WANT ADS PAT I ld for 70 Yean Thru its use Grandmother's vouthful appearance Das remained until youth has become but memory. The soft, refined, pearly white appearancti H renders leaves the joy of Beauty wnn you for many years. J TO Salem Cleaners and Dyers Suits Made to Order On Easy Payments 1215 S. Commercial Street. , Phone 186g The complaint of Pacific Grange No 413 of Carnahan station, in Clatsop county, demanding that the Pacific rower s Light company extend its service, will be heard by the public service commission August 27. .-n.Twn.-"., Four Years Labor for Draft Dodger New Tork. Aug. Is. Em in R Bergdoll of Philadelphia, has been found guilty of desertion from the army by evading the draft and sen tenced to four years hard labor at Fori Leavenworth, It was announced today at Governor's Island. JOURNAL WANT ADS PAT A Well Balanced Food ready-to-eat and con taining its own sugar. A Popular Cereal That Saves'Ybu Money , served with milk or cream, fresh fruit or berries, makes a delightful dish for home folks or guests. : This health-building food gains its wholesome, nut-like flavor from the twenty-hour v baking of wheat and malt- -: ed barley. M Grocers Sell GrapeNuts - f Made by A Ibstum Cereal CoJncBattle Creek. Mich. SIMPLICITY, strength and accesa'bility, combined with efficiency nd economy of operation, recommend the SPECIAL Six particularly to the ifian who constant ry uses car and who must have one on which he can always depend. , 50-H.P. detachable-head motor; intermadiata tranamiauont 19-m. wheelbaae, gtring ma: Soum comfort for fhra paaMBgen. ' , AD ShidakM Cars ar. quippcl with Cord Taw-uothn Stad.lwkr nwdwt, "This m a Stadebaker Year" HARION AOT0"03ILE CO ' - Salem, Or : BS7 1 has been placed upon every io bread produced by our bakery. customers know that every P" BakeBIte bread can be depended "T on to be the same as every pound with quality and pari amount. '.". Bakote Sanitary Mai 45T State Phone - LADD & BUSH t Bankers - Established 1S68 ; 1 General Banking Business Office Hours from 10 cum. to 3 p-M-