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About The Hermiston herald. (Hermiston, Or.) 19??-1984 | View Entire Issue (Oct. 8, 1936)
THE HERMISTON HERALD, HERMISTON, OREGON. Thursday, October 8, 1936 OREGON STATE NEWS OF GENERAL INTEREST 0 00707 by William Bruckart National Press Building Washington.—Mr. Secretary Mor genthau lately has gone into the money market to We Borrow borrow approxi- a Billion mately one billion dôllars. He asked the banks and other people having idle money to purchase four hun dred millions in new government bonds and at the same time asked them to extend loans totalling about $550,000,000 that matured on Sep tember 15. The maturing securi ties, of course, do not take new money out of the money market, but it is borrowing just the same despite the technical name of re funding. The Treasury’s action in borrow ing such a huge sum at this time came as a surprise. To many finan cial authorities, in fact to most of them, there was no need for bor rowing additional funds at this time. It was a circumstance in which, as far as most observers could sc 2, the Treasury had idle money in suffi cient amount to meet the needs for the next several months. Aside from the fact that the Sec retary’s action results in an increase in the public debt by the amount of new money borrowed, it is a matter deserving more than passing atten tion — much more attention than Treasury borrowings heretofore. The reason is that the administra tion is again piling up in the Treas ury a huge amount of idle funds. As nearly as I can calculate the re sults of the September borrowings, the Treasury will be left with a mere $1,700,000 in unused cash. Of course, to the Roosevelt admin istration which has dealt only in bil lions, this sum may not appear im portant. Mr. Morgenthau said it was necessary to have these funds available because of “unsettled con ditions’’ abroad. But that answer, to me, does not suffice. I recognize that most people find little interest in discussing Treas ury financial policies. I know from the type of letters that I get from those who do me the honor to read these reports that the subject of Treasury finance seems far re moved from anything in which they can possibly have un interest. But notwithstanding those facts, I feel the matter should be discussed in every section of the country because it directly touches every taxpayer; and that is of vital importance. Here is how it affects the taxpay er and when I refer to the taxpayer I refer to every individual in this country, because all of us are pay ing taxes either directly or indirect ly; When the Treasury arranges a cash balance, it provides funds upon which the various government agencies may draw in accordance with congressional appropriations. To that extent it is like money you deposit in a bank. But other wise it is quite different. The cash balance in the Treasury lies idle. It brings no return, no profit to any body. But it is important to remember that there are only two ways in which the Treasury can get money for this cash balance, namely, by borrowing or by taxing you and me. During the Roosevelt admin istration the Treasury has borrowed about $2.12 for every dollar it has collected in taxes. The result is a gigantic public debt. There is another result, however, that is not as apparent to individu als. Since the Treasury is borrow ing money it has to pay interest on what it borrows. You and I are paying this interest in the form of additional taxes. So, therefore, not alone are we being taxed for the money that is spent and which must be repaid, but we are being taxed to pay the interest on idle funds. Mr. Morgenthau’s reference to un settled conditions abroad directs at tention to what is happening in Eu rope and Asia and the link that ex ists between those conditions and our own. President Roosevelt lately has said on several occasions that he . did not like to be Condition» away from Wash- Abroad ington more than four or five days at a time because of those unsettled conditions. Every one knows that our foreign friends are rearming. I believe every one realizes as well, however, that each of those foreign nations is in a position where it cannot initiate hostilities. At least, each one is in a position where very great provocation must occur before it can justify the start ing of a war in the eyes of nations like our own. Any one who wishes to examine those unsettled conditions will find at the very bottom two types of propaganda. One comes from Rus sia, the other from Germany. The two types of propagandists, while violently hating each other, are preaching exactly the same sort of thing. They are telling the world that if the world wants peace it must align itself with one or the other of the two schools of thought, depending upon which type of prop aganda you read. With circum stances like that going on abroad, it seems to me that we as Ameri cans ought to realize fully—and Washington, D. C. ought to defend—the type of govern ment that we have. Neither Stalin nor Hitler preaches our type of eco nomic thought. In view of that, Americans surely ought to tighten their girdle and take a definite stand for the preservation of our tradi tions, our practices, because it is under those traditions and prac tices that our nation has grown great. • • • I have been a little bit dis appointed that Mr. Roosevelt and . M r. Secretary American Hull of the State Doctrine department have not preached the American doctrine at more length. I am sure pronouncements by them in condemnation of communism or fascism would find a hearty re sponse at the hands of the Ameri can people. It is to be recognized that changes take place in world econom ic and political thought. They are taking place in our country. More are coming. But I condemn the practices of communism and fas cism because they have ruined the lives of all excepting a few people in every nation where those poli cies are operative. They will de stroy the independence of thought and action, the happiness, that we have come to know in this country as a natural right. In negotiations with foreign pow ers, Mr. Roosevelt has not been fortunate. I think it is generally agreed among qbservers that the President fumbled the ball when he failed to take advantage of a splendid opportunity to deal with France and Great Britain when he first became President. Likewise, I know there are many students who are convinced that the Presi dent by his own acts broke up the London economic conference in the summer of 1933 and with the col lapse of that London meeting went any hope for an early recovery from the depression cn a world basis. The war debts question still hangs in mid air. The recognition of Rus sia I am convinced turned out to be a fizzle. The far eastern pro gram, if there was a program, has yielded nothing because it must be said in truth we have not cemented our friendship with Japan. • • • Within the last few days we have seen the collapse of the French cur- rency. We have F rance Oft seen the Presi- Gold Standard dent join with Great Britain in co-operating with the French in their difficulty. Yet, it is appar ent to anyone who will review the financial and economic history of the last three years that the French have made a great effort to re main on the gold standard—and they had no help from us until they could no longer stand the strain. It is always easier to use hind sight than foresight. It is easier as well to call attention to mistakes three years after those mistakes have been made than to take a bold stand when the errors were first discussed. These facts, how ever, do not in any way lighten the responsibility that was ours as a nation in 1933. I refer again to the London eco nomic conference and the events prior to it in 1933. There were plenty of men in the United States at that time who said openly that the United States should move quickly and take leadership in world stabilization of currencies. It ap peared for a time that President Roosevelt would take that action but instead he is charged with hav ing broken up the London confer ence because he failed to assume that leadership which he could have had. That brings us to the link be- iween the United States and the conditions of Europe. Mr. Roose velt, through Secretary Morgen thau, says now that the United States will stand with Great Britain in helping the French. The question naturally arises why did not the United States stand with France in 1933 when France and a half dozen other European nations want ed to remain on the gold standard for its currency. Personally, I have never seen any reason why the United States should have devalued its dollar as was done. If we had not devalued, one thing is quite certain: Maintenance of the gold standard by the United States would have continued to strengthen the currency of those countries in Europe, including France, that desired to continue that currency basis. I have heard it said as well that if the United States had rema:ned on the gold standard instead of de valuing its dollar. Great Britain would have been able soon to have restored her currency to a gold basis. Certainly, the British could not have remained off of gold as long as they have if gold coin were allowed to circulate in the United States. I believe no one can fore cast at this time exactly what the results of the French devaluation will be. © Western Newspaper Union. Comfort, Style in Pajamas business girl revels in their com fort and ease assuring details. The trousers are amply cut and the soft blouse roomy enough for any 12 to 20’s daily dozen. A natty pointed collar, wide cuffs and belt add an air of distinction to your garment. Barbara Bell Pattern No. 1923-B is available for sizes 12, 14, 16, 18 and 20. Corresponding bust measurements 30, 32, 34, 36 and 38. Size (32) requires 4% yards of 39-inch material. Send 15 cents in coins. Send for the Barbara Bell Fall Pattern Book containing 100 well- planned, easy-to-make patterns. Exclusive fashions for children, young women, and matrons Send fifteen cents for your copy. Send your order to The Sewing Circle Pattern Dept., 149 New Montgomery Ave., San Francisco, Calif. Briet Resume ot Happenings of the Week Collected tor Our Readers Nehalem—The handsome new 267- foot span across the Nehalem river, built by the CCC was dedicated re cently. Dallas—Thirty business men have undertaken the task of raising $1500 which will be used to finance the lighting of the football field. Eugene — Lane county’s filbert crop said to be the finest in years, is now being harvested and growers are enjoying slightly higher prices. Eugene — Several cotton plants, grown near here from seed obtained in the south, were on display re cently at the Register-Guard offices. Astoria—A draft for $550 donated by citizens of Astoria was the first contribution received by the Red Cross for relief of the Bandon fire refugees. Forest Grove—The entomological station. United States department of agriculture will remain in Forest Grove. Lease of new quarters has been approved. Portland—Chief of Police, L. V. Jenkins, was elected president of the International Association of chiefs of police at its recent conven tion in Kansas City. Praising California. ERNALIS, CALIF. — They used to say that California flowers had no real smell, and that California birds had no song—and that’s a lie because the resident mocking bird feels it his Christian duty to get right under my bed- room window and sing all night —and that California grown foods had no flavor. V It’s true California still produces one pear which suggests a low grade of damp cot ton batting, and one variety of fig which could pass for li brary paste, and a certain tropical pawpaw which makes you think you’ve been licking postage stamps. And there’s a special breed of mushrooms which is about the size of a derby hat Irvin S. Cobb and tastes like one. But we can grow apricots and cherries and nectarines and peaches as toothsome as you’d ask for; and Halsey—C. L. Falk and Sons’ prize noble berries and luscious prunes bull won the blue ribbon of senior and delectable grapes; and, on this and grand champion bull at the West great ranch, about the finest mel ern Washington fair recently held ons. I ever ate. There’s likewise a red onion which has a taste all at Puyallup, Washington. right—eat it raw and you taste it Portland—Word received here re for days and days. cently shows that industrial employ And if you think our flowers don’t ment increased 3.1 per cent, between smell enough, try our politics. July and August, 1936. Payroll vol ume Increased 4 per cent. Troubles of a Pioneer. Salem—Profits of the Oregon li T IFE in these parts is just one quor commission for the first eight — thing after another, and some months of this year were $1,531,824 times it’s several things after an including receipts from stores and other, all at once -such as the rush of the autograph collectors upon a agencies, licenses, and privilege poor, shy movie star, or the yelp taxes. ing onslaught of our estate beagles Salem—Patrolman Thompson car when a visiting nobleman incau ries the same sap he purchased when tiously intimates that he might he first became a member of the sell his trailer and buy a lot. But complications also pile up for force here in 1911. He recently stated he has struck only one man with the a life-long resident who has been here, as I have, nearly two years weapon. now and so is qualified to join the Salem—The Infectious brain fever Early Pioneers’ California society. that has caused a large loss of horses Here I go and take on a radio pro this past summer in eastern and gram—and I did so hope to fly east southeastern Oregon has been check to see what Mrs. Harrison Williams ed, the state department of agricul will be wearing this fall. At times the temptation just to drop every ture reported recently. thing and start has been well-nigh Lakeview—The local water com overpowering. mission has a new water problem on its hands that may prove to be a boon, though at present it is just another problem, namely a hot spring at the depth of 2072 feet. Reducing Motor Accidents. UX/ E’RE great people at starting something, but, just then, along comes a new crusade or a new movement or a new style in di vided skirts and we trail off after that, forgetting the issue which had seemed so passionately important. Last January we were all enlist ing to make 1936 a safer year on the highroad. With the year nearly three-fourths gone, what have we done to reduce the appalling mor tality? And what are we going to do before all of us, except the idiots and drunkards, who are supposed to be the special ward of providence, have been mowed down? I’m reminded of the colored man in Mississippi who was convicted of murder, and his lawyer forgot to file an appeal, and finally the condemned man sat down and wrote this letter: “Dear Guvnor: Please, suh, I is on the middle of a purticu- lar fix and onlessen you do some thin’ right away, they hang me Friday—here 'tis Wednesday al ready!’’ • • • Monroe—The Fiber Flax Company recently organized at Vancouver, Washington has announced the plans for the erection of a retting mill near here. The company plans to have farmers sign up about 200 acres of flax. Klamath Falls—Numerous Inquir ies have been received from Oregon and California points at the head quarters of Klamath reclamation project concerning the Tule lake leased land. It is expected that bids will be advertised some time this month. Vale—“It's an ill wind that blows no good’’ has been proving true for Malheur lettuce growers. The let tuce strike in Salinas, California is sending the price of lettuce on the Eastern markets skyward and this is proving very much of a boon to the local growers who as a result see a big season ahead. Bend—Dry weather has always been with us, a party of scientists, recent visitors at the ice caves 15 miles south of here, reported. They found burned sticks in the caverns. It is their theory that Indians press ed for a cool drink during dry weath er, used the heated sticks to melt ice for drinking water. Salem—A woman called State Pur chasing Agent Fry ont of bed one morning recently with a plea for him to see that the construction of the high board fence around the cap itol building excavation be discontin ued so that her small boy, too young to attend school, might watch activ ities. The child it seems does not bother her when watching the work men and yet she knows where he Is. Saving Your Teeth. HOUGH thy teeth be but state ly ruins, with English ivy grow ing all over them and bullbats nest ing in the hollows, fight off for as long as possible those who think the root of all evil is the bottom of your remaining bicuspid. Don’t let ’em be too fast about photographing your jaw either. No man ever yet had an X-ray picture that flattered him. Particu larly is that true when it's an in terior view of the human face. Because, the next thing you know, a gentleman in a white smock is testing some forceps and saying, “This may hurt—just a little.” And then the next thing after that, your uppers are as false as Judas. I did so and the result is that, no matter what else is on the menu, I go in for the Cobb pink plate spe cial. A fellow does get tired of having everything he eats taste like rubber. IRVIN S. COBB. T BEARS 1STH CHILD Portland—Mrs. George B. Brack- enbury became the mother of her 18th child the city health department was advised when a birth certificate was filed for a recent birth. The mother is 39 years old, her husband is 49 and a laborer. Thir teen of the children are living. Astoria—Not since the fire of 1922 have firemen had such a workout as they had recently when four false alarms were turned in all on the same day. Two men were arrested on chargee of turning in false alarms. Estacada — "Everywhere through out the state the proposition ad vanced by the Estacada Chamber of Commerce to establish the summer capital of the United States in the Squaw mountain region is receiving much support," declared L. D. Headed, president, recently. ©— WNU Service. i ( | | Sea Horse Is a Fish The sea horse is a fish, but a very strange kind of fish. It spends al most all the time in an upright posi tion, with its head up and its tail down. With the tail it can do some thing which the common fish can’t do. It can cling to a weed. A sea horse swims while in upright posi tion. A fin on the back is moved to give forward motion, and this fin has been compared to a propeller. It does not look or turn just like a propeller, but it gives about the same result. An air sac, or “swim bladder,” helps the sea horse keep in balance. Most of the time, how ever, the fish holds tightly to a sea weed, wrapping its tail around in spiral fashion. Dr. Pierce’s Pleasant Pellets are the orig- inai little liver pills put up 60 years ago. They regulate liver and bowels.— Adv. Self-Proclaiming Don’t forget that an honest man never has to proclaim the fact. 300 CANDLEPOWER EYE -SAVING \l I 11 Mitili), LIGHT with. KEROSENE GASOLINE 1923-B. This suavely tailored club style pajama set is the essence of sim plicity. Whether your cotton, satin, silk crepe, pongee or rayon is expensive or not you won’t be taking a chance with pattern No. 1923-B for step-by-step sewing in structions are included and guar antee to guide your every stitch. College girls approve its con servative styling — busy house wives find them adequate to greet the unexpected guest and the liouse/iold • MODELS AIR-PRESSURE MantleLAMPS Protect your sight with light! Kerosene and Gasoline Pressure Mantle Lamps provide up to 800 candlepower of live light... nearest like natural daylight. •. kind to your eyes. You can enjoy the finest light for only 14 a night No home can afford to bo without a Coleman. Buy it from your local Coleman dealer. Folders-Send Postcard Nowl THE COLEMAN LAMP AND STOVE CO. But It Will Rise Truth can be lost in a flood of words. • Question, Drain all juices from fresh or canned fruits, store in ice box and use for fruit cocktails or sher bets. • • • Before putting away garden tools for the winter, clean them off, rub with kerosene or grease and store in a dry place. • • • When buying fish see that the eyes are not sunken in and dull. A fresh fish has clear eyes and the flesh is firm to the touch. • • • It the neck of a bottle is broken when opening, tie a pad of ab sorbent cotton over the top of another bottle and pour contents of broken bottle through it. Cot ton will catch pieces of glass as liquid is poured through. * * * Marks on painted walls which have been caused by carelessly striking matches on them will dis appear if rubbed first with the cut surface of a lemon, then with a clean cloth dipped in whiting. Afterward wash the surface with warm water and soap, and then quickly wipe with a clean cloth wrung out of clear water. * * * In the fall pack plenty of oak leaves around the roots of acid soil plants, such as daphnes, aza leas and rhododendrons. These leaves rot and make an excellent fertilizer. They may be mixed with the soil in the spring. * • • Hard cooked eggs, sliced, are made a tasty dish when added to a thickened tomato sauce and the whole sprinkled with cheese and baked 20 minutes. This is good for evening refreshments or Sunday supper on a rainy night. • • • Sour milk beaten into mayon naise dressing gives it a delicious flavor. • Here's a baking powder, tried, tested and used exclu sively by experts. ONLY CLABBER GIRL Bakinq Poujder Montezuma Mountain School • FOR BOYS A private school of distinction, a school where character, health and high scholastic training produce the ideal of a well balanced education. PRIMARY - ELEMENTARY HIGH SCHOOL- NON-SECTARIAN NON-MILITARY Accredited to California. Stanford and lead- i ng Eastern and Mid-western Universities. • Outdoor Sports the year round • Far further information, addrat E. A. Rogers, Headmaster, Box 246 MONTEZUMA MOUNTAIN SCHOOL Loe Gatos, California © Bell Syndicat«.—WNU Service. DIONNE QUINS EAT QUAKER OATS EVERY DAY Specialists set example for mothers everywhere
