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
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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.
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A "a" WWa 'A' A A TT