THE GAZETTE-TIMES, HEPPNER, ORE., THURSDAY, JAN. 6, 1916
PAGE FOUR
TIE ill YEAR
INDUSTRIAL OUTLOOK
3
TAKE YOUR MEALS AT THE
O. K. RESTAURANT
Ma Shoot, Prop.
BONDS and INSURANC
INSURE IN
Royal Insurance Coand Fireman's
Fund
AND YOUR BONDS IN
I United States Fidelity Guaranty Co.
Rates furnished upon request
T. J. MAHONEY : : Heppner, Oregon
T
I
Buy your 7bos from fs;
ou iv get aood 7bos
-not m - w a mtr "X. afi
DO NOT TAKE "ANY OLD THING" WHEN YOU
EUY TOOLS. BUY OURS. WITH OUR TOOLS YOU
CAN DO MORE WORK AND BETTER WORK, WITH
LESS LABOR. AND THEY LAST LONGER.
WE WONT PINCH YOU ON THE PRICE, BUT
GIVE YOU THE BEST MAKES AT A LOW PRICE.
DON'T YOU NEED SOME GOOD TOOLS RIGHT
NOV? COME IN.
VAUGHN & SONS
Tlie INDEPENDENT GARAGE
KING & REDIFER
AUTOMOBILE ACCESSORIES AND SUPPLIES
Tires and Tubes Vulcanized. Batter
ies Recharged. Electric Equipment.
MAXWELL AGENCY
and service station
Cars For Hiie at All Hurs,
Phones: Shop 572 IteMdence 552
Heppner
Located on North
Main Street
Oregon
THE
HARDEMAN HAT
THE HAT
FOR YOU
We carry a com
plete line of this ex
cellent head wear
in all the late patterns and standard
colors. This populor $3.00 hat is
waiting for you at the store of
SAM HUGHES CO.
11
M'i
Not In decades has the I'nited Sta
tes entered upon a new year with a
brighter outlook.
We have garnered unprecedented
harvests. Most things that we sell
command unprecedented prices. The
dislocations of business brought on
by the world war have come to ad
justment and trade Is gathering an al
most torrential force in its flow.
Net railroad earnings increased
169 million dollars during the past
year and the roads are just entering
a period of extraordinary activity.
The mercantile and financial agencies
tell of a commercial activity rarely
equaled. The great industries swing
into the new year with every wheel
a-whirr and evrey machine humming.
We are building ships with a fever
ish activity. A Portlander bought one
in the early stages of construction at
a price said to be 33 per cent above
the contract figure. There are or
ders at American shipyards for more
than one-third as much tonnage as
the whole American aggregate before
the war.
As a result of the war, we have be
come the world's banker nation. Our
former debts to Europe on American
securities held abroad has been about
fiv billion dollars. Europe flung these
securities at us when war was de
clared, and though the act drove us
to the verge of panic, we weathered
the storm and began buying. We met
every offer with gold or products
steadily and in addition, loaned the
allies 600 million dollars. The best
authorities now insist that our ob
ligations abroad do not now exceed
two billions. There is every prospect
that even this balance will be wiped
out by the time the war ends.
The war has almost certainly drift
ed into a struggle of exhaustion. A
conflict with its tremendous exhaus
tion of resources cannot continue in
definitely. The weakening process
must at last have an end. It is a de
plorable consequence, but it remains
the fact that the weakening of Eu
rope is the strengthening of America.
Thus, the debts that the war has
brought upon the belligerents will
mean a tremendous burden of taxa
tion for all the warring peoples here
after. These taxes must be drawn out
of the toil of workers, which means
that European production for the
next generation, if not longer, will
be far more costly than it has been.
Heavily taxed production in Europe
will be in no position to successfully
compete with far lighter taxed pro
duction in America. It is one of tire
mighty and blighting consequences
of this war upon Europe which turns
to the inevitable advantage of the
United States. If, for the next gen
eration, the European worker must
carry a huge burden of taxes upon
his back, he cannot produce In the
open market, at a cost as low as his
almost untaxed competing worker in
America. This strengthened position
of the United tSates is one of the
greatest of the fruits of peace
through which this nation has been
charted.
Equally important is the fact that
every added billion of capital or re
source that Europe destroys increases
the comparative value of .American
capital and resource. The known ex
penditures of Great Britain now ap
proximate eight billion dollars. TI13
figures form the basis for estimating
the colossal total that the combined
nations have burned up. They reflect
the suicide of a continent in men anil
treasure, and are omen of the erratly
heightened comparative strength of
the United States.
We deplore Europe's horrible loss
eg and sympathize with her stricken
and suffering millions. Wo commis
erate with her people upon the hid
eous fact that tney are in a dea-ii
grapple. But in the fact that they
are at war and that we are at peaoe,
in the awful circumstance that they
are destroying while we are produc
ing, there is the inevitable conse
quence that this country is advanced
in position of preeminence and para
mountcy in which the future in
fluence must be wholesome and salu
tary upon the affairs of the world
and with tremendous profit in peace
and prosperity to all American citi
zens. It is thus amid an abundance and
strength beyond any that we have
known that this country swings off
into the New Year. It comes after a
period of progressive legislation in
which American business has been
made more honest, in which the al
liance between corrupt business and
corrupt politics has been broken up,
in which control of American credit
and money has been taken out of
Wall street and placed in the hands
of the American people and in which
the power of the few to exercise a
I financial tyranny over the many lias
I been broken down.
j The great prosperity that Is spread
i ing over the country is unanswerable
; proof that reforms giving equal priv
: lieges to all instead of special privil
eges to a few can safely be applied,
i This realization that we can drive
corruption out of business and cor
j ruptlon out of politics without per
: maneutly injuring the prosperity of
, the country is the most reassuring
1 thought and the most delightful con
; temptation among all the hopeful
signs with which we enter the New
I Year. It is omen to the American
people that, by standing steadily for
, progressive policies and social justice
In Oregon there has been a decid
ed change in favor of better indus:
trial and business conditions.
The last legislature started a
movement for tax-reduction and
ceased putting over legislative experi
ments.
The Tax Commission and Public
Utility Commission adopted conser
vative policies of encouraging cap
ital already invested.
Conservative administration of la
bor laws has also helped some in
dustries to stay in existence and if
there are no new displays of arbi
trary power new industries will enter
this field.
The recent expression of Governor
Withycombe, that capital must be
given a square deal, was a most cour
ageous utterance from a public man
at a time when politicians are in
clined to treat employers as persons
that need watching.
Portland capitalists are to be put
to the test in the proposed central
Oregon railroads that Mr. Strahorn
seeks to finance. Whether they will
show color remains to be seen.
The constructive work of the new
Chamber of Commerce is going to
bear fruit if it is kept up on present
plans and broadened to include the
whole state.
There is some talk of a large smel
ter coming to Portland. It may go
to Spokane. The cement plants at
Gold Hill and Oswego bid fair to go
under way and become producers
during the coming year.
In spite of business revivals that
have long been promised, the devel
opment of Oregon will proceed under
slow bells during the presidential
election year.
The European war will keep down
foreign immigration and foreign
shipping. The failure to float the
English-French war loan (still $200,
000,000 shy,) has a depressing in
fluence on the fiscal atmosphere.
Oregon is the most remote from
eastern financial movements and in
dustrial revivals. The transcontin
ental lines to the north and south of
Oregon will continue to build up the
population of southern California.
San Francisco Bay and Puget Sound.
Oregon will advance slowly in population.
TREAT NEW STATES
SAME AS THE OLD
(C. C. Chapman, Secretary Western
Slates Water Power Conference.)
"An impasse," says Secretary Lane,
"results from conflict between State
ownership of the water and govern
ment ownership of the iand unless
both state and government abandon
their respective rights and consider
what is wi:;e.' " Thin is about the
kind of a compromise a married man
has with his wife she has her own
way.
He announces that the government
will not' permit the Western States
to acquire any more public lands
than have been given to them for
schools, colleges and reclamation, as
serting that all the states have been
treated alike in that respect.
So far as we have heard, none of
the Western States have expected the
government to give them anymore
of the public domain. What they ob
ject to is having over half their area
permantly withheld by the govern
ment by new regulations to which
the older states were not subjected.
Except the eleven far Western
States, all the soveiign common
wealths of the Union have been de
veloped under a public land policy
which for more than a hundred years
permitted resources to be developed
by private capital and enterprise and
became subject to state taxation and
state control.
Secretary Lane's premise that the
eleven western states have had an
equal chance with the older states is
based on the arbitrary technicality
that land grants have been made to
all the states on the same basis.
This is misleading, as the real facts
are that after the older states have
had taxation and control of their en
tire area, new rules have been adopt
ed, the theory and effect of which is
to withhold the larger part of the
area of the new states from the same
kind of development, taxation and
state control that has built up the
old states.
The conservation question will not
be settled until such time as oppor
tunity to develop the resources of
the new states is made equal with the
opportunities that have been en
Joyed within the older states.
It is to be regretted that Secretary
Lane, a western man, has become so
Inoculated with Pinchotism that all
he can see in fundamental states
rights is a loophole for corporate
thievery.
si
they can in the end create here a com
monwealth of broader justice and
more eouitable arrangements than
has yet been known on the earth.
Oregon Journal.
Just re-opened. Everything neat and clean
Best of everything the market affords, including
fresh oysters and shell fish.
MEALS
25c and up
FOUND GUILTY!
of competing with the mail
order houses, such as Jones
. Cash Store, Rice & Phelan
Send me your orders, or write me in
regard to same
1 BUY POETRY AT ALL TIMES
Egg City Cash Store
JOE MASON, Proprietor.
IONE : : : OREGON
GET THE HABIT
OF DEPOSITING YOUR FUNDS WITH
The First National Bank of Heppner
WE BELIEVE THERE IS MUCH ROOM FOR DE
VELOPMENT OF THE SAVINGS HABIT AMONG THE
AMERICAN PEOPLE IN GENERAL, AND AMONG OUR
LOCAL PEOPLE IN PARTICULAR.
WHEN WW FIRST PUT IN OUR SAVINGS DEPART
MENT RESULTS WERE NOT ENCOURAGING, BUT WE
FIND THAT THE DEPOSITS HAVE GRADUALLY IN
CREASED. A LARGER NUMBER ARE MAKING USE
OF THIS METHOD OF TAKING CARE OF THEIR IDLE
FUNDS.
WE ARE PREPARED TO CARE FOR BOTH LARGE
AND SMALL AMOUNTS AND PAY FOUR PER CENT.
INTEREST.
WE FEEL THAT THERE ARE MANY MORE IN THIS
COMMUNITY WHO SHOULD BE AVAILING THEM
SELVES OF OUR SAVINGS DEPARTMENT.
IF YOU ARE INTERESTED WE WILL BE PLEASED
TO HAVE YOU CALL AND GET PARTICULARS.
FUNERAL SUPPLIES
MODERN EQUIPMENT
PAINSTAKING SERVICE
CASE FURNITURE COMPANY
Is A. R. RED
for your
Rough and Dressed Lumber,
Wood and Posts
At the Mill or delivered
Tun oakf:ttk-ti.if:s is fiikpahk.ii to fii.i, all of
VOI H NK.F.DS IN TIII0 J.INU OP PRINTING, AND
whether vol 11 needs INCLUDE ONLY A CARD
JOn Oil AN EXTENSIVE ADVERTISING CATALOG, WE
CAN HANDLE EITHER OH MOTH FOR YOU IN A WAY
THAT IS SURE TO HE SATISFACTORY. OliR WELL KS
TAHLISIIED REPUTATION AS PRODUCERS OF "PRINT
ING THAT SATISFIES" HAS 1IEEN OIITA1NKI) ONLY
THIIOIfGH THE HIGH STANDARD OF EXCELLENCE WH
MAINTAIN IN OliR JOB PRINTING DEPARTMENT.
$
X
t