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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 13, 1917)
PATITJ STX" PRICE FIXING PROVED FAILURE BY AUSTRALIA Hoover to Benefit by Experience of Antipodes Economy and Preven tion of Monopoly and Speculation Only Remedies Law of Supply and Demand Governs. WASHINGTON', I). C.t Aug. 13. DirtM't juice fixing will play little purt in the Hoover food eontrol. Tim reason can Ik- Ktimmeil lip in one word AuHtraliit. AuHtmliu, during the war, lius tried out cvtry pnssilili! system of nrti liciul price regulation mid fixing, thus giving the world its first au thentic infonnution. The results show price fixing by legislative ennctment or administrat ive boards does not reduce living cost except in special circumstances. Produced Positive Harm, Where both'supply and demand are ample and "elastic" print fixing has produced positive harm. Where there have been temporary shortages or monopoly control, price fixing has succeeded. The Australian experience is es pecially valuable to America. The social and political habits arc sim ilar. Like America, Australia is far from the firing line. Australia has a dual state and federal government, and the problem of interstate com inerce. The Australian stales, began to regulate prices at the outbreak of the war, each in its own way. New South Wales adopted thoro-going price fix ing and stuck to it, Victoria made a more moderate attempt and became disgusted. Tasmania let nature take her course. Herniation Follow, At the end of three years the re sults in nil are the same. The cost of living has risen in all at about the same rate. And now the states havo passed the bud; tnul the federal government has assumed control of food prices and distribution. Komi regulation in Australia will likely parallel the I'nited States course, except that it will bo more far leaching, as the Australian gov ernments have government ownership of all public, utilities and ninny in dustries. . A summary of the Australian ex perience has recently been published in Melbourne by IT. L. Wilkinson, dis tinguished economist, member of the Yictoru piiee fixing hoard. llis conclusions will not be wel comed either bv reactionaries or bv cnthusitislic believers in slate regu lation. They show : j Trice Fixing a Failure, 1. Artiiicial price fixing is pow erless tiguiuM the "law of supply and demand,'' where that law is really operating. J. Hut price fixing by government authority proved a sure preventive of goiiL'ing by speculators. 'A. Price fixing lowered the cost of commodities controlled by trusts. 4. tleiiuany and Australia have both proved it useless to fix selling prices where there is an actual shortage, unless the government pro idcs by a rar system for eiual distribution. ft. When M-tling prici- arc fixed below foreign price- the government mut purchase and import, a- private capital leaves the Held. t. I'nlevs (he urn eminent stimu lates production lv minimum prices or state purchase, the result of maxi mum selling prices is an intensified shortage alter the next producing season. At FUeil I View. 7. Where stocks arc held bv i trust or a few !an:e holders, simph selling price fixation may be cttec live. Hut where held v a great many, such a- fanners the govern lucnt must bay the crop and sell at fixed prices. i)lhi -rwifc the crop will not come on the market at all, and animals wilt eat the giaiu. H. Price t i when' both suppt and demand are ample and "elas tie,' U worse than nselc-, as it dis courages production and st uualatc nionooly. In such cn-es the "fixed maximum price' soon becomes the fixed "minimum price." Control of middlemen thru the li cense power mid the reduction of dis tribution charge- is the principal Agency bv which limner proposes to eliminate monopoly costs. The Am--traliau experience .show -4 this is all price fixnte or stale purchase can do. Notice, Will leave fur San Pr.iuclsco in ft few da'- acronimodale three mor pUfSeiiKern. Pure $10.00. 122 COt ilT IIAIX. ONLY AN EARLY PEACE CAN SAv E YOUNG BRITAIN THE SAHARA, WHERE NATURE TRENCHES THE SAND, SEEN THRU THE MAGIC EYE IN THE SKY GERMAN CREDIT Bankruptcy Ma'le an Actuality hy United States Embargo Upon Neu tral Shipments Which Were Life Blood of Remainlnu German Com merceBusiness Interests Desert. Dy HASH. M. MANLY. WASIIIINOTON, Aug. 13.. Undo Sam Is driving into Ciermun solidarity an economic wedge that sooner or later will spilt It wide open. Already the fillers are beginning to crack and soon a fissure will tllviiM German busiiicsB from the Junker - military classi This siiiiishnp of German economic solidarity by American embargoes will bo much more Important and quick than reducing Germany's food or war material Imports. Rmluirgn -Iroven Fntnl. Tip to now Gorman business has stuck to the Prussian Junker-nillltar-ists, becauso of solf-lnterost, nltho all except munitions makers are sick of the war. They protested against ruth less submnrino warfare thru Ilerr llulllii'8 famous statement calling lllndenburg the "wooden packass of Berlin, " because It meant the United States would seize more than 500,000 tons of their merchant ships and com pleted the consolidation of the world boycott against German commerce after the war. Hut they stuck to the Illudenhurg party becauso trndo thru neutrals on abled them to continue profit-making. They nlso stuck because, with the allies planning an "economic war af ter the war," the only hope of Gor man commercial ascendoncy lay in a Hlndenburg peace won by German arms. Now comes lincle Sam with an Iron hand cutting off the noutral trade. German exchange has been smashed down six points since the embargo policy began, and Is worth In neutral countries oiijy CO cents on the dollar. This moans It takes $10 worth of Ger man marks to buy SO worth of neu tral goods. t'pholdiiw VjiIih), rWoruc, t ho value of the mark has been kept from dropping far more only by enormous German gold ship ments to neutrals. The Ilolchsliank toiluy holds only tin worth of gold for every $100 worth of notes, as agulnst $90 gold when war began In spito of the commandeering of Jew elry and plate to support the dwind ling reserves. The German merchant and banker sees money ho loaned when notes were supported by 00 per cent gold will bo paid with notes supported by only 20 per rent gold and that his Imperial war bonds have only 20 per cent real value behind them. He knows with tho necessity of exporting more gold this frnctlon of real value must go down, Just ns confederate money depreciated to zero after the federal blockade became airtight. Thus Gorman business and finance are being forced Into certain bank ruptcy and the only way out is early peace, that will re-estahlish com merce. Soon tVy for INwp. That is how Uncle Sam's embargo puts the kibosh on tho great Hlnden burg peace Illusion. German mer chants may bo optimistic enough to believe that Hlndenburg can give them peace In IS months, but the American embargo policy demands peace now, if German business is to bo saved. Peace now can only be obtained thru the concessions and negotiations advocated by tho autl-llindenburg parties, and Into this group the na tlomil liberals the party of German bin business must merge sooner or later. It may therefore be predicted that It nill not be long until agonlicd cries for pence on almost any terms begin to emanate from Ilerr llnllln and the other spokesmen of German com nierco and finance. , This will be the first victory .ichleved by American forces, and It w ill be a great and hloodlcstt one. I RAINED MEN Great Change in System of Training Schools for Army Use Eye and Brain Is Watchword Three B's Taught Bullet, Bayonet and Bomb and How to Use Them. A TLACR IX ENGLAND, July 10. (By mail.) British military au thorities aro convinced that the day of the superman hus arrived, and that the part ho Is lo play In ending the war and regenerating the world can not be over-estimated. A representative of the Associated Press who was permitted to visit a great training school as the guest of the foreign office, obtained an insight Into the grent change brought to the British view point during he past three years. The British not only are putting furth all their energy In further perfecting their fighting forces, but are actually and earnestly devoting themselves to the develop ment of their youth in a manner cal culated to fit them for any and all eventualities which may arise in the yearB to come. Kriiicatlng' Youth. It the Germans cherished the idea of eliminating Britain as a world power, Britain, It Is said, far from beaten, now sees with a clearer vision than ever before and Is preparing to turn tho scales against her adversary In such a way as they may never again swing hack. "Use your eye and your brain." is the now British watchword which is being Instilled into the British youth with all the force at the command of his superiors. "We are training our men to be lieve In themselves," said the general commanding the school. "Each must not only feel thnt he Is better equip ped physically and mentally than his antagonist, but he must 'he able to domont-srate it. That Is the lesson wo have, learned from the world war." t As the average lfi'ltlsher Is natural ly a sportsman, his games are being made to play an Important part In his training, in shooting, bombing and all the various arts of warfare, these are proving Invaluable to him. Three It's I,enincd. Unlike tho armies of other bellig erents, the British are discarding what are termed weapons of fright- fulness, and instructing their young manhood In the use of what they are pleased tl call tho "Three B's' the bullet, the bayonet and tho bomb. 'Experience has shown us that the rifle and bayonet are the best defen slve weapons with which to arm a man." asserted ono official. "If he has tho proper physical and mental training, and knows how to handle his rifle and his bayonet, he Is cer tainly the match. If not the superior, of his adversary." Tho message the British would Im pair to their American nines was summarized as follows: "Train your young men to bo phy sically and mentally strong, train the mto think for themselves make them supermen. In the modern sense and the world will bo made safe for democracy. " CLIMBED STAIRS ON HER HANDS Too III to Walk Upright. Operation Advised. Saved by Lydia L Piakham's Vegetable Compound. This woman now raises chickens and uoci manual labor. Kead her story: Richmond, Ind. "Kor two years I was so sick and weak with troubles from my age that SAN I'UANl'lSt'O, Aiii.'. 1:1.--"Km til cm rcn(s" lKiiiiH-rctl oiem timi el nil lclegriiii wire- between WiiuienuiiTii, New, ami Omaha, Neb., l'r -cventl hour- today, iH-cniiline; t rci'in-ls received lure. This h n, -nnni.il ii eaii-eil, il was -:tnl, hy an iinc.iial di-trilmlimi f eleetneily on llie earth - -iirlni-e. Some ili-l urhuiice n tell in the vicinity of SKikunc, Wash. lira II when going stairs 1 had to go up very slowly with my bands on the steps, thensitdown at the top to rest. The doctor said he thought I should have an operation. and my friends thought I would not live to move into our new house. My daughter asked mo to try l.ydia E. Finkham's Vegetable Compound as she had taken it with good results. 1 did so, my weanness ms apih'aml, I gained in strenRth. moved into our new home, did all kinds of garden work, shoveled dirt, did build ing and cement work, and raised hun dreds of chicken and ducks. 1 can not say enough In praise of I.yilia K. t'inkham s Vegetable Compound and If these fBCts are useful "u may pub lish them fer the benefit of other women. "Mrs. M. t). JollssTiiN.Koule U. Box 1'JU, Kk'limond, Ind. I ' , . . 1 ;::,::, :.:- :.. . . n I The mysterious eye in the sky is keeping the Arabs of the Sulinrn un der the thumb of the French. Hume Nature is the only warrior who can trench the desert land. So t lie French army officers refused to throw uwuy their men putting: down Arab guerrilla warfare started by German spies and money. With n few airplanes they patrol a territory three times ns large as France. One squint nt the man bird usually frightens Ilio natives into submission. If lliut doesn't, one bomb does. Xot a French life, bus been lost, but the desert is as .or derly ns a desert can be. No travelers word picture can mukc the great Sahara ns interesting as this sky view, taken from nn air plane, nt high altitude. The old Moor ish fortress city of Tiksebt, which outruns history, is shown ill the fore ground, and behind, date palms growing between sund dunes, nnd fed by underground flow of water. SALEM, Aug. 13. Governor Witliyeombe today refused the re quest of State Forester A. F. Elliott to postpone ooniiig of the Oregon deer season until rain lessens llie forest fire danger that Mr. Elliott declared' will exist when hunters took I iu field. The governor said such iction would conic too lale, because many hunters already nre in the woods waiting for the season to open August 15. With Medford trade 18 Medford made. BELL TELEPHONE CHIEFS IN VALLEY This evening the private cur of Theodore N. Vnil and Newcomb Cnrluton will be attached to train 10, ending the short visit to the city and valley of these two prominent men in the business world. Mr. Vail is pres ident of the American Hell Telephone company and Mr. Carleton is presi dent of the Westeni Union Telegraph company. They arc making their nn nunl tour of the country inspecting the Western I'nion property. Mr. Carleton is interested with his brother, E. W. Carleton," in the own- What Do You Know About Your Blood Supply? ership of n ranch in the Table ltock district. His sisters, the Missei Carleton, who leased the Frank Mad den home, nre spending- the summer in the vnllcy. Messrs. ml nnd Carleton were visiting at the Carle ton ranch today. With Medford trade Is Medford made E Four men, nil of whom nre said to be from Medford, hud a narrow es- enpe from death early Sunday even ing while returning lrom a ride to llornbrook, when their Maxwell auto went over the grade near Hilt and turned over twice, pinioning theiu beneath it. Wultcr Malteuburg of Medford, the worst injured of the fonr, 'vas brought lo the Sacred Heart hospital in this city, llis condition today was reported as not serious. B. J. Ilitnimond, who resides at the corner of South Newtown and Fourteenth streets, ncurly bled lo death before a physician from Iiilt reached him and administered first aid. A piece of the glass windshield two inches long was driven into ffis neck. Lnter, Dr. E.'H. Porter of this city reached the scene of the ac cident nnd took charge of Hammond, who was brought home. His condi tion is not serious. The other two men, whose naues could not be learned today, suffered minor injuries. ASK FOR and GET Horlick.'s f The Original Malted Milk Substitutes Cost YOU Same Price. Your ignoiaace max-alattle yon. Few people know of the many functions of the blood supply,, and just how important it is that it be kept absolutely free from all impuri ties. The health of the eatire body depends upon the condition of the blood. You are invited to write and obtain a booklet that gives you some invaluable information on this im portant subject. It tells how to keep the uioou strong ana iree irum mo many impurities to which it is con stantly subject. It gives the history of S. S. S., the world's most successful blood remedy, which has been sold for more than fifty years by druggists everywhere. This book will be sent free to all who write to Swift Specific Co- N CAPITAL $100,000. Better Business EW markets are opening for prod ucts of Farm anil Factory. Money with which to establish new and extend old enterprise is not lacking. Both of these conditions may largely be credited to the Federal Reserve System, of which the First National Bank is a member." It is time lo "take stock' as to whcl her a connection with n bank which enjoys such n connection will ' not benefit YOU. Win. Q. Tail, President siNaiionaiBank MEDFORD OREGON f 1 t ? ? ? ? t f f ? ? t I f X ? ? ? ? ? ? f ? V ? f ? ? ? X ? 1 t ? ? Just Receivedthe New Hudson Speedster With Super-Six Motor Seating Four Ilfrc is tho smartest Speedster you ever seen. Also the best performer. LOOKS THE SUPER-CAR have This lliulson Speedster is finished in Cobalt blue, with vermilion wheels. The body edges are beveled, and finished in black. ' The body is low and comfortable, and sujr j;etive of a speedster. The steering wheel is at n rakish angle. There are seats for four. It is for those who want something distinc tive a car that stands out in this type. The raciest ears on the road. THE RECORD-BREAKER The Super-Six motor used in this Speedster holds nil the worth-while . records. That is, the stock ear records for speed, for endurance, for tiiick pick-up and for hill-clinibing. This stock motor in a touring car under A. A. A. supervision has maintained a speed exceeding 7" miles per hour for 100 miles. This stock motor in a stock chassis has at tained ii speed of 102.f:! miles per hour. It has made the record by 1S1!) miles in '24 hours, breaking ,"2 per cent. It has twice broken the ocean-to-oeean rec ord, in one continuous 7000-mile round trip. And a special Super-Six, in the world's great est hill climb, made the best time against twenty special cars up Pike's Peak. FOR ALL LOVERS OF A MATCHLESS CAR But the Hudson Super-Six, in its various styles, appeals to more than speed lovers. It nppcnls to all who admire supremacy. And to all who want endurance. In all the accepted tests for stock care, it has proved itself the greatest ear that's built. And all this performance is due to super endui "a nee. All due to the fact that this inven tion has reduced motor friction to almost nil. It has nearly doubled endurance, and added 80 per cent to our motor's efficiency; It has given to Hudson the top place among fine cars. Last year, no car above $1100 equaled it in sales. All body styles are designed and finished ami equipped to make the Hudson look the leader that it is. Come in and see Jackson Count v. the first car of this kind in Frices: Speedster $1900, Touring Car $1800-f. o. b. Medford. A. W. Walker Auto Co. 1 f t t ? ? T ? y t ? T f y t f f y y 4 y ? f y y f f t f ? V ? y y y y y y y A "a" WWa 'A' A A TT
