VA',K IT.rii
THE GAZETTE-TIMES. IIEITXKR. OREGON. THURSDAY, AUGUST 31, 1922.
ON COUNTRY AMERICA'S DOLLARS
It is estimated Harold McConnick of Harvester Company, sliced fifteen
million off fortune to wed opera singer
P'fnMiji)fi7mMli(i)p-rif1tt.wvwiM,g.i;
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qI Pom by
, J , I ' i! n TC'M? I III J- Ill
L. MONTERESTELLI
Marble ami Granite
Works
PENDLETON, OREGON
Fine Monument and Cemetery Work
All parties interested in getting work in my line
should get my prices and estimates before
placing their orders
All Work Guaranteed
The Byers Chop Mill
Formerly SlHEMPfS MILL)
STEAM ROLLED BARLEY AND WHEAT
After the 20th of September wDl handle Gasoline, Coal
OjJ and Lubricating Oil
You Will Find Prompt and Satisfactory Service Here
FORMER
MS COR MICK
Harold F. McConnick. until re
cently chairman of the Board of
Directors of the International Harvesters-Company,
is reported to
have sacrificed fifteen million dol
lars of the fortune made off farm
machinery to wed the woman of
WAEOLP F. M&C0RMICK
his choice, Ganna Waska, the
wklow-dlvorcee opera singer. 11c
Cormick gave up these dollars in a
financial arrangement with his first
jAHNA WASKA MCCORMICK,
wife, Mrs. Edith Rockefeller Mc
Cormick; prenuptial settlement up
on his present bride and the' Vst
of two divorces, his own, and also
his bride's from Alexander Smith
Cochran.
Community Service
Pioneer Employment Co.
With Two Big Offices
PENDLETON AND PORTLAND
Is prepared to handle the business of
Eastern Oregon better than ever before
Our Specialties
Farms, Mills, Camps, Hotels, Garages, Etc.
WIRE H15H ORDERS AT OCR EXPENSE
Portland OSIe
14 H. Imi4 It.
PcmdletM OUem
111 M. Wckfc It,
The Only Employment Office in Eastern Oregon with Connections in Portland
viiiniiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiittiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii:
I A. M. EDWARDS !
WELL DRILLER
Lexington, Ore.
1 Box 14
Uses up-to-date traction drilling outfit, equipped for
E all sizes of hole and depths.
WRITE FOR CONTRACT AND TERMS
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;0U have been walking in the
sunny fields of prosperity. Lite
seems secure. Youth and
strength are careless and forgetful. You
have spent money as you have earned it.
Suddenly a flood of hard luck i
comes rolling toward you.
Will you be overwhelmed by it
A BANK ACCOUNT IS A SAFETY
ISLE. START ONE TODAY!
Dollari, deposited in this
bank draw interest at 4 per
cent. They are safe dol
lar! buy dollars. A email
bank account serves as an
incentive to save, save, Save
If yon have only a small
turn put aside, deposit it
with ui today. All large
fortunes bad small begin
nings. The biographies of all rich
men start with their first
bank account.
YOUR BANK CAN HELP YOU
FARMERS & STOCKCROWERS
NATIONAL BANK
Heppner
Oregon
i SHUT CUT ID
American Bankers Execu
tive Warns Against New
Economic Dangers
INFLATED MONEY BAD
Russia Held to Be Horrible
Example of Money That
Has Run Mad
By F. X. SHEPHERD, Executive Man
ager, American Bankers Ass'n.
Editor's Note: F.N'. Shepherd, execu
tive manager for the American Bankers'
Association, knows money which is to
say, knows the economic condition of the
world in general and the United States
in particular. Few people realize the
trend here and there in this country to
upset the present system and substitute
other systems that on their face hold
forth great promise but in reality but
read what this expert has to say.
On this good old boat we call the
United States of America there are to
day no small number of economic mu
tineers, who, without any particular
thought for the rest of us, fairly make
the boat rock in their effort to grab
what looks to them like life preservers in
the form of government aid, special pri
vilege, more money and cheaper credit.
We should see that these facts are
given consideration for we are all in the
same boat and will surely weather the
storm or go down together.
They have not only disregarded pro
perty rights; violated contracts; appro
priated the accumulations of labor and
savings of individual effort, but pro
bably worst of all in its ultimate effect
have drowned the hum of industrial ma
chines producing usable goods for the
people by the mad roar of the printing
press turning out rubles by the trim
If there ever was a horrible example
from which we should take warning-
here it is and yet, no inconsiderable
number of our people are clamoring for
flat money and lots of it. They, too,
would defy the teachings of history and
the warning of human experience.
Upon the advent of Lenine and Tro
tzky the printing press was speeded up.
Why bother with a i;old reserve when it
was so easy to turn out paper rubles
bearing the government imprint? For a
while things seemed to go along merrily
artd the goose hung high, but today it
literally takes a bushel of money to buy
bushel of wheat if you can get any
body to accept the money.
Money, but Worthless.
The report before me shows that on
April 28th the paper money in circula
tion in Russia had reached the pheno
menal total of seventeen trillion rubles.
One hundred billion more was being
printed every day. Prices in Moscow had
risen until it took 110,000 rubles to buy
a pound of bread, and 800,000 rubles to
buy a pound of steel. In the private
money market of Moscow, the American
dollar brought 2,750,000 rubles, and the
pound sterling more than 12,000,000
rubles. A point has been reached where
it will be impossible to improve the sit
uation without repudiation and esta
blishing a new currency which will be
recognized abroad.
The present condition in Russia is
not unlike that which existed in France
over a century and a quarter ago under
the Revolutionary government from 1791
to 176. The people of that day thought
they would take a short cut to economic
salvation through utilization of the
printing press. Although economists
warned against the expedient with its
inevitable inflation of values and conse
quent depreciation of the circulating
medium, they decided they would issue
only 400,000 livres, called assignats, be
cause they were based upon not only
the government flat but the safest se
curity in the world, the productive lands
confiscated from the nobility and the
church. A fine security they thought,
and they made provision in the form of
an interest charge for the retirement of
the issue.
A Sad Result.
But what happened'.' After the first
faint stimulative effects, the depression
sunk lower than before, and in a few
months, when the effects of the 400,000
livres wore off, they decided to issue
800,000 more and make that the limit
a total of 1.200.000 but this had only
temporary effect. They went through
the same experience again and again un
til they had issued a total of forty thou
sand million. The money became so
nearly worthless that they issued the
same thing in a larger denomination and
called it a mandat a mandat being the
equivalent of thirty (30) assignats. They
ran the full gamut of absurdity, and fi
nally collected the paper, plates and
presses together one morning and burn
ed them in the presence of the people.
And what were they doing in this
country just a few years previous to that
time? To recall the name of the money
that was being turned out is enough
because it has come down to us in an
expression which has not altogether
gone out of use, "Not worth a Conti
nental."
Don't forget the experience we went
through with the Greenback Party, sup
ported in the 70's by some intelligent
and well meaning men, as ia today the
demand for government Issued money
in inconvertible form. The Greenback
fight lasted for many years, and was
not finally settled until the passage of
the Gold Standard Act in 1900.
In California, a silver party has re
cently been organized. The old free
silver advocates wanted to put the gov
ernment imprint on fifty cents worth
of silver and call it a dollar. Theirs was
a sort of fifty-fifty proposition. In Neb
raska, a new political party advocates
flat money.
I have befdre me a page from Wal
lace's Farmer, the well known agricul
tural periodical published at Des Moines,
Iowa; founded by the father of the pre
sent Secretary of Agriculture. It has
in recent years been under the manage
ment of the Secretary and his brother.
The article is entitled: "Is the Green
back Movement Coming Back." This
will interest you. Under the heading:
"Change Needed in Money System" it
says:
"Fiat money has been adopted as al
most an official creed of the Iowa Far
mers Union. Milo Reno, the president,
is preaching the greenback gospel in a
series of meetings over the state. A
similar attitude seems to be taken by
the Farmers' Union of Kansas. In the
official publication of the Union on
March 16th, the editor says, in discuss
ing the bonus question:
I " 'The business body is sluggish on
account of contracted credit and cur
rency. Why not stimulate it with a lit
tle transfusion of circulating medium
turned out by the government printing
press? Inflation is far better than re
pudiation either of debts or the intan
gible obligations that we owe to the
patriot soldiers who offered all they had
in the interest of liberty and civiliza
tion.' "
Further on the article continues: "Un
doubtedly there is a strong movement
toward fiat money but this as yet has
hardly reached more than a minority
of the farmers. Practically all of them
want a higher price level and most are
entirely unconcerned as to what meth
od is used to bring it back. If the pre
sent financial system will not bring this
result about, the farmer is perfectly
willing to take steps to put the present
system in the junk heap and create one
Our Farm Champions in Washington,,
3
is I
This is no unusual scene at the Department of Agu-
culture building in Washington. Here are shown a
group of boy and girl farm champions whose reward $
C , 1 1 C t f . f .PI Ki
iur producing ocsi in can, pone, garucn ana nciu
clubs was a trip to Washington. This group was
sent from Maryland. Secretary of Agriculture Wal
lace is addressing them.
Dfl 111 E WAL, I MATE TO SEE YOU - o -E EXPECT YOW icEiL
UU llL LEAVIAJG J WE'LL J IN THE CITY TO f
LAST YEAR I TOOK.
-THE WHOLE FAMILY
H DOWI TO SEE THE
Eg FAIR.. XT WA4 QUITE
A i08 SO THE-
-ANA6ee SAlt THIS YEA8
HE'D iUST BRING THE "
FAIR OUT TO SEE US l
zsij m. v u
HOME
HOWLS
"fanny!
senotmat
YOUN6MAN
HOME'. IT'S
GETTING
late!'
D'YE HEAR
ANY AG0UN0
tOUR HOME?
SEND US
ONE.ws'u
PRINT IT
fOB YOU.'
EARLY RISING,
love the crispy mornin' air, about
the hour of five .when the other birds
is up to greet the sun. . . . There ain't
no safer by-law for to keep a man alive,
nor holds more satisfaction, when it's
done. It don't take no alarm clock to
yank me out of bed, when the honey-dew
is whisperin' out of doors, when the
delicate machinery that's inside a fel
ler's head, informs him that It's time to
do the chores. ...(.), the medderlark,
an' sapsuck, and the sassy little wren
and the oriole, a-swingin' in her tree,
has never claimed the credit of knowin
more than men, but that's the way the
fact apperas to be! So, I get up in the
mornin' when the dawn begins to peep,
afore the other neighbors is aware.
i There ain't no insperation U an overplus
1 of sleep, like there ia in breathin' early
mornin' air. ... I can taste the sperit
in it, that invigorates the soul, lots high-
er than a "bonded" liquor can. It pro-
duces exultation that ia allers in control,
yet, makes a common plug a superman I
. . . When heaven uncorks her demijohn
of early-mornin' booie, and passe jt
around afore it's light, a feller's eon
science tells him it's the only sort to
use, and his appetite confirms it that
he's right!
that wlil serve the purpose."
In times of stress and depression it
seems to be the usual thing to waits out
aguin old economic theories that have
long ago been tried out, found wanting
and thrown into the lumber room of his
tory. Money and capital are confused. "More
money" soundB good and it is if it Is
sound and based upon the actual needs
of trade. But, if inconvertible and Issu
ed on a fiat, it is a delusion and a snare.
If money made a people prosperous, Rus
sia would be the most prosperous place
in the world today.
Incurable Disease Must Be Prevented
In Seed Stocks if Industry la
to Endure.
Right seed certification may detenninc
whether Oregon is to continue a potato-
growing state or lose its big potato in
dustry from the inroads of diseaset. To-
t.ito specialists from the United States
department of agriculture have reeen:ly
questioned whether any potatoes .it all
will be grown in Oregon 60 years from
now.
I utato mosaic is one of the disca.is
most feared. Once in the stock no means
are known for eradicating it or ever get
ting tubers fit for seed from it. This
makes it high time for growers and po
tato scientists to begin a field search
for discasc-frc-e poattoes of the right
sort for sources of seed.
The search must begin in the field, as
the presence of mosaic and wilt can be
detected in the growing vines only. Even
there it is not always easily recognized,
and where possible the grower unless
well informed on this disease himself,
needs the help of a specialist.
The grower is advised by M. B. McKay,
potato disease specialist at the O. A. C.
Experiment station, to go into the field
now while the vines are still green and
growing, and stake those most vigorous
and free from evidences of disease. Af-
YOU SHOUL0 MAKE HAY WHILB'
THE SUN SHINES A40T SOW
OATS WHILE
THE rAOON
SHINE?' ,
tor the vines die down it will not be pos
sible to detect mosaic and wilt. Final
selection of the seed will then be made
from the staked hills.
Even certification is no Insurance
against presence of mosaic, as slight in
fection may be brought into plant by
aphis carrying the virus, giving but lit
tle indication in the parent stock but
coming out strong in the new crop.
Many such cases are reported from nor
thern grown, Inspected and certified
seed, as the virua of mosaic has not
been Isolated and identified.
HOMEY PHILOSOPHY FOR 1922.
Remember those hoop skirts how
quaint and winsome the girls looked, and
then the skirts so tight they had to trip
instead of walk? How fascinating they
were as they pit-a-patted along. Soon
came those long and sweeping lines, that
all concealed yet half revealed the grace
and beauty of the pretty miss, and then
of evenings those majestic trains and
that bewitching Princess gown, display
ing every curve and undulation of the
form divine all so wonderful. Now, oh
boy! they're prettier still, and tomorrow
they'll be longer and atill prettier. Styles
change, but the ability to make style
always the best ever ia the thing that
counts.
Henry Takes an Open-face, Ride
While the press was busy telling of Ford'
new plan to make automobile in Mexico,
Henry was up in Quebec. Canada, with his wife
riding around in one of tbote old opeo-faced
hacks known aa a eaiecnes. ii ws a pica-
ure trip.
?J V J I
'i,n,) w" m
3mJ w t L m j&CwCzJiuM
tmchtttes
The Marriage Problem
Perhaps the most important prob
lem before the public today is the
marriage problem.
There are more thundering at the
foundation of the home than ever be
fore. 7he world seems dotormnled to de
stroy the home. It Is using the au
tomobile, the motion picture h- use,
tiie dunce hall, the pool room, the
summer resorts, the Sabbath picnic,
games, and amusements, and every
other conceivable method to scatter
the family, detract from the sobriety
of the home and wreck the domestic
fov nchtion.
BUny a girl marring for 'i mtr.1
ticket, including a theater coupon.
When the day of scarcity of food
comes and no amusement is furnish
ed, she enters the divorce court, and
there commits a crime against society
and places a blot upon the name of
womankind.
Many a couple agrees before mar
riage to avoid the domestic responsi
bilities and live a life of freedom
from care and domestic duty. Such
an agreement is tantamount to pre
meditated socinl murder.
The blackest page of American his-
by
levMA MATTHEWS
D.D. LL.D.
tory is the divorce page. To divorce
one couple In every five marriages
ia a crime against society, home and
God.
Many divorces are sought by wo
men because their husbands are
cruel, or they fail to support them,
or they have deserted them.
Any man who deliberately prac
tice cruelty against his wife and
fail to support his family, and final
ly deserts his wife and children
ought to he arrested, tried and con
victed and whipped in the publie
square for six months.
No couple should be allowed to
marry unless each party to the con
tract could produce a certificate
showing a sound, clean body and a
sane mind for three proceeding gen
erations, and a spotless moral char
acter. No couple should be allowed to
marry unless they could also show
that they understand and are will
Ing to assume and discharge the ob
ligations that matrimony and a well
ordered home Imposes upon a couple.
Parents are to blame for much of
the present-day matrimonial loose
ness. They are too anxious to marry
their daughter.
Awake, parents, and help us solve
thi all-Important problem and thu
ave society from it present rotten
tendency.