Thursday Evening, January 1, 1925
THE EUGENE GUARD
Tage Five
REMOVAL
ALE.
Of Women's
And Misses'
Coats
and
Dresses
14 to V2 Less
Individual and style-worthy
coats and dresses are mark
ed at less than January
prices. They are garments
that represent the utmost
in fashionable lines, fine
furs and exceptional work
manship. Every garment materially
reduced.
LARGE'S
865 Willamette
1925 Holds High Hopes
I :
., - "
Industrial and Financial Leaders of Nation Express Views On
Outlook; Cheerful Note Dominates
j$h
3TYXE3 THAT LEAD
i
t rORTLAXD, Ore., Jan. 1. The
jt year just closed has been a period of
jt in uiuvvmuiir. uuu lue iil-w yvixi u:ii
with promise of prosperity, in the
opinion of many represer.ta'ive Port
land bankers, manufacturer. and snip
pers of Oregon products, quoted to
day by the Portland Telegram.
"Optimism prevails among business
men generally," say the newspaper.
"They cite that sentiment is of the
kind preceding periods of prosperity.
Confidence in the future is essential
to rapid industrial and commercial
'progress and this element is not lack-
A. L. Mill, president of the First
National hnnk of Portland pointed to
Mi exceptionally satisfactory outlook
Red Pepper Ends
Rheumatic Pain
In Few Minutes
"When you are Buffering with rheu
matism bo you ran hardly get around
just try lied Pepper Kul and you
will have the quickest relief known.
Nothing has such concentrated,
penetrating bent as red peppers. In
stant relief, .lust as soon as you
apply Ited Pepper Hub you feel the
tingling heat. In three minutes it
wanna the sore spot through nnd
through. Frees the blood circulation
hrcakn up the congestion and the
old rheumatism torture is gone.
Howies Red Pepper Hub, made
from red peppers, costs little nt any
drug More. Get a jar nt once. 1'se
it for lumbago, neuritis, backache,
stiff neck, sore muscles, colds in
chest. Almost instant relief awaits
you. He Pure to get the genuine,
with the name Howies on each pack-ge.
for the lumber industry ami the im
proving position of farmers, wool pro
ducers, fruit growers and producers
of other commodities in Oregon and
adjacent states as a reason for believ
ing that prosperous times are reap
pearing. Even the livestock industry
is beginning to recover, he believes.
The lumber industry of Oregon and
Washington will forge ahead more
prosperously in the spring, believes
K. C. Knupp, president of the Penin
sula National bank, who returned to
Portland recently from an extended
tour of the middle western, southern
and eastern states. Ho studied the
lumber markets and reaches the con
clusion that demand for the forest
products of the Pacific Northwest
throughout 1015 wilt be exceptionally
strong and that prices wiH be profit
able for producers.
San Francisco's
New Year Marred
By Two Deaths
SAX FltAXClSCO, Jim. 1. Trag
edy cross-cut the w.tle swuih of .w
Year's eve merry-making in at cast
three iustanccs in Sim i 'ranclsio last
night, two deaths, one possibly a
minder, and one perhaps falal mishap
forming the foil to the night's up
roarons hovel.
JluddleU in a heap, with his skull
fractured, the body of an unidentified
man, well dressed and genteel ap
pearing was found on a sidewalk in n
residence district tod.iy. No valuables
were found in the clothing and the hat
was mlBsing. A late reluming reveler,
waylaid and murdered by robbers was
the police version.
John Olson, an iron -worker, was
slruck and killed by a speeding auio
mobile that did not stop. Another car
I hat did not stop long tnough In lake
i toll of the damage it had done, siimsii
jed into ta.vicab in which Miss Ituih
Raymond, -0, was riding. Wie wok
! taken to the hospital with ii fractured
skull and is not expected to live.
There were 'numerous other acci
dents, auto and otherwise, but no fur
iher serious mishaps were reported.
KiJUKNE coi.i.rrrrioN ackncy,
T74 WJLU ST. PHONE GOU a
Golden (Hint Sham;ioo. I'd. Ad.
Marcel and Curl last longer afier a
Insure with IlonryTrnnip, It.", V. !lth
You'll Do Yourself A Good Turn
by taking advantage of our overcoat
specials. The greatest values of the
year are here for a few days.
$22.50, $32.50, $42.50
Wade Bros.
Home of Hurt Schat'l'mr & Marx Clothes
J!!
NEW YOl IK. Jan. 1. OP) High
hopes for PJ-j, in suiue casts
mountiug to conviction that it may
prove the greatest year iu the history
of American business, are held by
various leaders in basic industrial aud
financial activities here.
Forecasts for the new year ex
pressed by these executives agree up
on the seeming certainty of a sub
stantial prosperity. They appear fur
ther to agree for the most part that
the outcome of the last presidential
election and the favuruble working
out of the Diwes plau should prove
major contributing factors. Iney also
bank heavily upon llio fortunate coin
cidence of great-purchasing and great
producing power at home aud upon
tho promise of a wholesome recovery
aud expansion iu markets overseas.
Mr. Gary Cheerful.
Elbert 11. limy, chairman of the
board of directors ut the United
States tit eel corporation, expresses
as follows his coutidcucc in tuo com
ing 12 moutlia;
If the policies of the present ad
ministration Mini I continue iu tunc
md practice, aud the American con
gress iu reasonably' disposed to co
operate with the president, aud the
business interests of tins country wilt
hkewiso be disposed to support the
administration hi iis efforts to afsist
the business uf the country, 'be year
VMo should thuw the bighot ind
most satisfactory prosperity in the
whole history of tho tmted States."
The business of the manufacturers
of the iron and steel industry of the
United .States during the year 1VKM,
up to the date of election, was rath
er dull and depressed, Mr. Gary de
clared. Good at Beginning
"It was good at the begiuuing,"
he said, "but with the commencement
of March materially receded in vol
ume. Commencing with June the vol
ume gradually increased, but the sell
ins prices were lower. Consequently,
with some exceptions the profits of
the iron and steel business for the
first 11 months of the year, on the
average, were small, and iu many
cases there were losses. As shown
by the published reports the Steel
corporation was an exception and ob
tained considerable net profits, though
they were small, considering the cap
ital investment.
'However, as predicted by some of
us, the election of the republican na
tional candidates has hud a marked
effect upon the steel industry. Almost
immediately after our election the
demand in this country began to show
improvement in volume, and this con
dition to some extent had a favorable
influence on some foreign countries.
At present the demand for the iron
and steel products manufactured in
the United States is large, persistent
and satisfactory.
"The New Year will probably com
mence with ull of the manufacturing
plants operating at full capacity. Also
selling prices have advanced to ft con
sidcrable extent nnd should afford
reasonable profits sufficient to con
tinue the wage rates at the present
standard. These were not reduced
during the depression, notwithstand
ing they were not justified by the
results of business."
Railroads Hopeful
American railroads enter upon the
new year with a hope that the trans
portation act will be so administered
as to accomplish what it was designed
to do, i. c., by efficient management
already attained to earn the statu
tory income, which has never, yet
been done.
Julius Krutischnilt, chairman of
the executive committee of the South
ern. Pacific company, thus summed up
the condition upon which the carriers
depended to continue their accom
plishment of lOlM; a Knowing whit h
iuilfcclf was a climax to what they
had done since JSHIU. lie summarized
as their performance in the past four
year period:
"1. Reduced operating expense
$4..V2,(H1U daily iu atiimner of l'JL'4
below those at end of government eon
t rol nnd guaranty in J'J'JO; collected
s.Ylii'.unii, rs in freight bills; paid
.fll'ii.tmo more in taxes. The pay
ments hy the puldic in freight b.lls
plus the tines .olli-cted by the pub
lic exceeded l be reduction in expen
ses by $.'JSI.RMJ every day.
"J. Movi'd the greatest freight
trill fie in IHLM-in their liiMitry, w.ih
oiit car shurln;:e or congest .on.
Chanced the public, attitude
frin one of hoai dily to one of
friendly cooperation, nun h contrib
uted viially to the record of Ht'Jo.
"4. lv'i.'ililishcd (idvisor.v boards of 1
.shippers, cuopi'iiit ng uitli niiltoau
officers, who settle mutters uf nut- ;
tinil (oucein Iffon: friction ov irn'a ;
lieu him ari.-e. i
l!ed'ied loss tun) d;im:ige pay-
nirtils to ficijihl fL'MMtOO per thi. j
"t. In ten yearn ended uilh l.'M j
reduced fat ililies lo perr-oitK i a hit in
and train service iiee dems 'M per
cent and injuries '" pel ft nt. Trim- '
polling !).Sf'.4Hiii.nfH priest' oxers with i
but MS finalities is tin- be.it on n-c I
.ml.
"7.' SiiTed JiJs.llM.tJOM hy nine :
fff'eirnt ue of fuel, . j
"X. Paid $Hi,iHin.nno ( hk1i ,
dividend lo owners iu V,C' and 111-, j
irtHUMHt more tns 1 hi: ii ten yosrs he j
for. )
"U. Spent mibfnninly C'.ntfi.iiH). J
mm on addition" nnd I!tfrmenU in j
flip four earn rndrd in I'd. si-
though their income 17. Milt,
thiin ioiiKre9 iulendrd it (theuid
br
10. i'mrift niue tf nth of a ton, j
T ! pound, jiii virnp tlin'mn-e i
of one ni It for ope .-c-it in iij;.'' 1
Views Outlook.
Mr. KruiUt hnilt. -oiiig what l;y ;
itheHtl of the railroHdii. raid: "At tlir 1
end of the war the public pronounced 1
pinitliHtteally scain-'t go-eninjent nnd
in fnvor of prhaie ownef-fhip of rutl- j
nind-5. Iu iln rHiiportatioti act it de- 1
ten-lined to ffcure: j
"1. Aileijiiflie trsiuMortation faeili-
tie to keep with the growth -f '
ih count ry through the agency of
privately operated railroads by pre-
Tiliing mtes t'ist would secure a j
VailroiK income miff irnt to raise i
capiial for nefdrd facilities.
"-. freedom frr.ni interrup'tn of j
f r&n'poriatioti lT creating a tr tunal i
t-i (iet'le rontroTerif with labo, , on'
It h it n -taineil the balance uf i
power, i
"h--nie" Mr. Krittf hni't com in- j
ued, "the act h.y never beta allow-j
ed to function freely, neither aim has
been attained." 1
No new laws should defer a reas 1
ouably perntancut adjustment of the
interests of the public, the railroad
owners aud labor, according to Mr.
Kruttschuitt. Tublic control over la
bor controversies should not be re
laxed but rather should be tightened
until all railroad servants realized
that "any disloyal act anywhere, or
at any time, will be met with such
condemnation as will make its success
impossible."
Noar Returning Prosperity.
are nearer the high road uf
returning prosperity," said Walter C
Teagle, president of the Standard Oil
company uf New Jersey, and we
frankly admit that most of our trou
bles are of our own mnking."
"That we are iu varying degree re
sponsible, the larger companies, in
cluding the one 1 represent perhaps in
greater proportionate degreethat
none of us is able to say '1 told you
so,1 and that of us all the producer
of crude is perhaps the least to
blame." Ho 'expressed solicitude iu
Hie light of experience in what
be said was a distinct overproduc
tion iu the oil industry, lie called tho
disposition of. 3;(0,O0O,U..'O barrels of
crude oil aud its products now in
storage iu the l uited States a press
ing pioblem.
This overproduction, Mr. Teagle
.said, was m part due to these vast
stores of oil themselves which nad
Oeeu accumulated at higher 'than prcs
tnt pr.ces, aud. iu bting undersold by
current production, had failed to sta
bilise tbe market. In part it was cue
also to the fact that gasoline was
producing move power per gallon
through improved production science.
'lheu, a considerable portion uf the
requirements of gasoline were being
supplied by sources other thau
straighl-ruu gasoline, sUch us casiug
hend ga.sol.ne cracked gasoline. The
influx into the oil industry of war
millionaires had boosted production
from l,lSti,00U barrchi in 101S to 2,
UoU.OOO barrels in UVJo. Filially, mod
ern transportation had brought pro
duction to the doors of the great re
fineries, isolation of any great pro
ducing field was now made impos
sible. Mr. Knox Speaks
'"The people of tho United States
have seldom if ever been presented
with a greater promise of prosperity
than today if many of the current
business analysis and forecasts are to
be taken seriously," said William K.
Knox, president of the American
Bankers' association.
""There are several main factors,"
Mr. Knox pursued, "to which this fa
vorable outlook is attributed. One is
the fact that we have won political
peace, with an administration that
guarantees economic sanity so fnr as
the national government is concerned.
Another is that our banking and mon-
tary situution was never in a better
position to serve expanding business.
Industrially also tbe country has
ample plant capacity equipped with
modem and efficient machinery. Con
ditions in employment and wages are
such as to Insure large buying power
from the general public, in agricul
ture the position of the farmer linn
been improved by splendid crops and
good prices. Financial conditions in
foreign countries, whose purchases
are required to take up the slack of
surplus production of this country,
promise better foreign markets.
"Granting that this optimism is
soundly based it may be pointed out
that there is one other factor as im
portant as any of the foregoing if wc
are to have an era of prosperity that
will continue for any length of time.
This factor is the mental attitude of
our people and the consequent use
they make of the opportunity of
prosperity that is presented. Many a
good team has lost its game through
over-confidence and prosperity in
sometimes impaired by optimism. In
llio present situation the more cau
tious fear that, there in danger of nn
era of inflation developing with busi
ness acinity because of our great
supply of gold. Iut the mere fact that
the ine;ir,H are at baud does not nee
earily imply that our bushier men
see going lo rutdi headlong into
era of over-trnd.ng anil our bankers
into a period of undue credit exptin
Von. If hiiiim-ftR men and hankers
continue, to ue good judzment, cx-
pjindinjr their operations only n the
di'intiiid of the public calls for
linio-ion, I bus iiih ntfliuing pipiilibrimo
oetv.een production ami consumption,
p need b'ivi no fear of mi em nf in
flittiou. Tiic longer this attitutb U
taken on the whole, will be de.elop-'
cd on that foundation, with profit a
well maintained.1'
The ilk industry, according to II.
It. Mull.iisou, president of 11, 1!. Mul
linsuu tV Company, Inc., ends V.l'Jt
with unlU running at c:ipa-!ty and, iu
nome instance, in day and night
shifts. The business ttccordiugly U get - ;
ting off to a flymg start for V.rj.",
with the puss Utilities for prof il able ,
-. - 1 piogrem in the year ahead as grrnt t
maintained, the longer should the lts ,'u liisol'.v llU!i L'v(11" recorded, he-
period of prosperity continue.'' ..!!,, ,, ,,
Copper Outlook lioou J ' u cuou, .u.. .huuui-
The outlook for the cot per indii. j s"" UU llT '.,r"Trt "f "Tld 1
try was deemed "most ciicoiiraging" inui icgiamuou nascu on mis-
P If I. .U.v.v ,....-: .1.,., I...M, f, J""!"""1 Jor-Miir u a Ml M . u- i
the Calumet. - lleda Consolidated
Copper company and of the Copper .
and Brass ltrtearch association. I te
sow no indiration of abnteuteut in tbe j
domestic demand, and said tbe sitna- j
lion abroad was "steadily improving "
"The domestic consumption in'
llt'JIl,'' Mr. Agassis said, "was tbe t
largest in the-history of the industry;
nearly one and one-hulf billion pounds. I
This year's comumption has been g- ;
mg at even a higher rate. In spite f
the fact that production has' inoreas- j
ed very materially, the total stuck ;
of available copper has decreased '
considerably since January 1 last
j i lift an era of coin in icd and stabilized
success. '
Mr. .MitHinson stressed that this
condition gained imporatnee because
i lie American textile business as a
whole had mnde such 'strides (hat "it
may be as safety relied upon as steel
hh lie- barometer of business condi
tions in general.'1
The poaitiou of silk itself as a basic
index, in hi.t opinion, was measured
in part by llio fact thut tbe t'uited
States consumeil from 7.'i to 80 per
tent of the world output of raw silk,
and n- lie cause- it nmnsifactured
more silk textiles than all the other
of tho world combined.'
Make This
New Year's
Resolution
to have more clothes at less cost
How is it pdssihlt1? .Hy mciiiiH of llio JV'ltor, a
voinli.Tt'iil (li'i'ssiniikiii gunl" inclufU'il witli I'.ul
. d-rick pal torus that shows you how to nuiko lioaii
t i ln I clothes us a professional J'aris lrcssniakcr
would do it.
The January styles are
now on sale at our
BUTTERICK PATTEFlN COUNTER
jtBjnr.Mipi.inrja,T:.ia-aKar1'
owing ti) Ihc lurge rt'fincry deliver-I
iCK." i
Ci-per iMrts in 1!LM now cloning gUj(; AgUinSt Lline
.Mr. Apnsyii! exported. 'J'liia would lie
ft -o per rent gain ovpr tlie nnnual
figures of the Inst three-pre-wnr
.veins, and would be aivomplished
despite Uermimy buying only two
thirds as muelt as heforo the war.
"With world production and oon
snnipliou o( copier riluninK pretty
close together at the present time,"
said Mr. Agassi, "anil increased pro
duc'n on any very large scale un
likoly, the outlook lor the future has
verv encouraging aspects."
Publio Utilities Bright.
Tublie titilitiea, according to Henry
Itoherty. banker, share in a gen
eral business outlook for IH'-'.j the
country over which he regards as the
most promising be has apen in -t
yeara. The public service industry, in
his opinion, faces the new year wmi
such advantages as the development
of group in preference to local own-
ersbip; the unproved calibre ami per
sonnel of regulatory commissions; and
the steady advance in nearly all
branches of public utility practice. j
"Local ownership and management i
Mr. 1 (oliorty said, "has been almost ;
entirely superseded by group owner- ;
hip as represented by lue modern :
holding company." Such centralized ,
organization, Uo said, could maintain
an extensive stuff for the operation
of properties which a local company
ould not afford. Its securities iounu
favor because tbey insured an invest
or against currying all his eggs in
one basket.
Improved practice bad lowered the
cost of electric power despite tbe
mountiug price of labor and fuel. -Mr.
Doherty expected tuis to encourage
tbe further utilization of power, par
ticularly wherever it could reduce
labor cost.
The increasing ability of powei
companies, being reguinicu monopo
lies, to work together without in
fringement of nuti-trst legislation.
Mr. Doberty believed, nad incrcaseu
the efficiency aud economy of the ser
vice they rendered to the public. He
said it promised even more tor jj-o.
Automotive uuiiook rum
The automotive industry "should
enter liKB with the greatest confi
dence," in the belief of Alfred 1'.
Sloan, Jr., president of the General
Motors Corporation, "prosperity of
the former and tho wage earner, nc
sniH. "add greatly to the prosperity j
of the industry. Conditions, both ceo-
nomic and psychological, are such that ;
the purchaaing power of both should ;
equal or be greater than 1921. This j
insures a good volume of business.
A. i. irencrnlly known, liKM was
the largest year in our history. This
year sales to consumers hsvc been
slightlv less than last year. I sec no
reason why lll-'.l. using the same
measure, should not be equal to
J0..1."
Progress wis made hy the indus
try in tbe direction of stability dur
ing the year just closiug, according to
Mr. Sloan. His own corporation would
start 1025 with its dealers' stocks at
a normal level in relatiou to current
consumers' demand. It had sacrificed
profits in I'.I'.M lo accomplish this
purpose, but believed it was sound
business, the carrying of unreason
able storks in the field being but an
economic loss fur which the consumer
evenlunlle hod lo pay.
Waste Elimination
The tremendous increases in pro
duction. Mr. Sloan said, which the in
dustry hnd enjoyed during its devel
opment stage "me certainly not. go
ing to continue nt anywhere near the
same pare. The problem now is lo
eliminate all pnahible waMc. in nianu
farture anrl distribution. I am confi-.
dent, a more s.itisfai'tory business.
Pending, Is Report
Thnt there will bp suit brunch t
a cains t ,uu county ti colleet tfi
NeiiB timber rru.flft claim of approx
imately $25,000 within tho noar fu
ture, is the prediction today of county
officials todny. This claim which wis
not allowed by th county court has
not been aetivo iu publicity aince the
court went on record as firmly op
poccd (o it but frequent rumors lately
have been heard that with the comiuc
of the new year there will be eonie
lrp:il action taken. Prehnjinary pre
paration f-T a legal defense of the suit
are beiti taken. n-rensary addi
tional lesal talent will bo employed,
it is understood.
Pojrgy Marsh Is
Married in London
NEW MANAGEMENT
V EN ETA HALL
BIG DANCE SAT. NIGHT
Good Music Good Eats Good
Time Everybody Corns
LONDON, Jan. 1. -Pewcy Marsh.'
tho Knglish actress, was married nt !
a repintry nfficn hero. today to Cup
tain Keld Kohert George Fen wick,
formerly of the royal horo guards,
say a the Kveuing News today. The
proom'a country aal ih Witham Hnll,
Lincolnshire. lie is a relative of tJie
Puke of Manchester and his first wife
was a sister of the Duchess of Westminister.
CHEST OINTMENT
A quick relict for Cheat Cold.
Croup, Influenza, Pneumonia and
Plouriay Pains. Price 60c.
for sal bv ail drugRlBtd.
"IT SKLLS WKLL IT SERVES
WKLL"
Invest Your
New Year's Money
in a gift Hint will last! Choose
it jotiiHolf from the latPFt. crfi
ntiona of tho Onion Watoli Mnkora
Ouilil diiinty wrist w'atelios for
women nnd sturdy Btrnp or pock
et watches for men.
Wo have a liberal assortment of
those famous timepieces from $25
up. Just come in and select tho '
one you like best.
W. W. BRISTOW
Convenient Credit
Luckey's Jewelry Store
January Clearance
AND
EXPANSION SALE
EXTRAORDINARY SAVINGS
In a short time our contractors begin remodeling our building. In order
to reduce our stock quickly every garment in our store has been reduced
to lower prices than offered before.
Good Assortment
Big Values
Very Drastic
Underpricmg
Dresses $10.95 Coats $149S
Good styles,
choose from.
good quality to
Silk Crepe, Chnrmeen, Flannels A
few party dresses in this group. v
ALL MILLINERY GREATLY REDUCED
REGARDLESS OF ORIGINAL PRICES
$1.95 $2.95
CqtrectiApparel 'for Vfcb)aj
r V
Our Pledge
for 1925
Linn Drag Company hereby renews its
pledge of Scrvico to tho patrons and
friends who hnvo contributed so much
to tho growth nnd usefulness of this es
tablishment. Tho principle of tho fair deal will be as
rigidly adhered to in 1925 as in'previous
years.
Fair dealing starts with' tho merchandise,.
Quality must go clear through; the price
must ho reasonable nlwnys.
Second only in importuned is tho Ser
vice rendered with each purchase. Here,
too, Linn Drug Company is distinctly
proud of its cnvinblo position. Every
siiles-person is thoroughly familiar with
the merchandise on display, and is ready
at all times to bo helpful to tho customer.
More than ever, Linn Drug Company will
strive to earn tho good will of patrons by
rendering intelligent, courteous, helpful
service.
liiiiliiwiiMlI