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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 2, 1924)
iHJvU-C vjivij nirtiij iivinui';. aihuruin',' uui'rtn;.v, w im n irM.' i , .(jnnnai . luc-t BRADSTREET SEES GOOD BUSINESS DURING NEV YEAR NEW YORK, Jan 2. Brndrttreet Review nays today: 'iiiHt.f.n-twintv-thro, , mnnv' sided vear one. in fur, in which th u-nri "ir-.f iiiitr' n n.i itu nnv. onyms became outworn from much use. it saw the improvement, first visible in the summer of 1921 and the calendar vear 1922. antiarentlv ,..,lmln,t in th. wnftwI.hrouHn ln dust rial . output of the first five months. 'Following this came a taper- ing off of activity and an ebbing of optimism' which almost convinced pessimistic prognosticators that they had successfully forecast the future;, but following this, in turn, came fair , measure of improvement sue- cessive gains scored in both wholesale und .rettili trade over the preceding year,' a speeding up of the industrial pace in many lines, and a cheerful ending, In a record holiday trade, of on eventful twelve months. All in all, the year resembled nothing so , much as a military movement, at first in the form of an advance along an en tire front, later cheeked, and suc ceeding In turn, came detached ad vances or. retreats, accordingly as re sistance developed or the Inequalities of the terrain provided obstacles. In dividual conditions. In other words, either called for the putting forth of renewed efforts at an advance, the I consolidation of positions already won or in a few instances made necessary withdrawals, pending preparations for n new advance. It is probably wife to miy that the year was a dis appointment alike to the over-san- f'viruine and to ihe umlulv pessimistic, although no doubt, both could ad- cluce ahunuant proots from me years happenings of the essential soundness. of their varying predictions. Itookiug rorwaid. "In considering prospei-tg for the coming year in trade and industry. It is worth recalling that the tone of re cent months has been much more cheerful than that; say, in tho early summer, or even in midautumn. Kor this, the failure or many pessimistic predictions In midyear is partly re sponsible, and it is ev.dent that mas psychology has had. and will have, an important bearing upon the way men will face the uncertainties of the coming year. Thure Is no disposition, however, to ignore the fact that prices, and therefore all costs, in cluding labor, are high, and history may be cited to show that high costs have tended to decline as the dis tance from the war, which swelled these costs, inVrenses. Hence the dis position will be apparently to go for ward cautiously, and to keep near shore as regards buying for the fu ture. In this direction, undoubtedly, safety lies. JJut, on the other hand, the prospects seem to favor a con tinuance of the big construction pro grams, especially (n building and rail way betterment for which 1923 was notable. Stirht must not be lost of the fact that high labor prices have' brought:,ln their train btgexpenditures which in themselves have constituted a powerfuj support for general trade and industry. The automobile trade continues one of the wonders of the world, both as regards enormous out- put and likewise In respect to the Im- mense buying power revealed. Not so much Is heard now of location of the saturation point in the buying of these things as of tle question as to whether there will he room on the ..,i., t it ihnuu in iitjo tbnan hfn.r v.im nr thrK rvneniori to ho built In the years to come. As to the band jailed for disposing of $50,000 lation of the world ever Increase to fact that the year now opening will worth of liberty bonds belonging to sUcn numbers ,that the food supply see a presidential election with pre- her without her consent. win run ()Ut, ..Vo .. predicts Profes sumably considerable excitement, it j Mrs. Gamble sued for divorce in fiop c c p,elm Qf th( departm(!nt of Is' worth observing that research does -Paris last spring, and In September economic8 in tne University of Call not altogether confirm the popular of this year society was startled to forn(a Idea that a presidential election of and learn that the two Gamble children I(ut fhe profC8W)r qualifies his by itself necessarily constitutea diinger to business. There have been some presidential elections when busi neBa was very good, and othera when It certainly was poor. To instance a few, it may be remarked that 1892, 1900 and 1912 were good yeura in l.ulnf.au u-htln TSlSJ 1 X fl R 11)04 fllld 1908 were rather poor specimens, in . wnimt ueuiiin.n-u " lation. fact, examination of business history her husband on the ground that ho yet, he concedes, in certain coun rather reveals other causes as mainly had failod to repay loans of $150,000, tries ,nls economic over-population operative in both the Rood nnd bad .that she spent huge sums of her own ,aa OCCUrred. He cites tho annual years. "Caution and conservatism may money in supporting herself nnd trhll- fainnes i china und India, which ho be esteemed desirable, hut it may bo'dre". "1 "UU sne had paid many of contends, are due to the fact that the observed that they have both been in ! her hUHbnnd s personal bills. birth rate never has been kept clown evidence for manv months past, and1 Mrs. (Iambic inherited most of her ln thoso countries and consequently no doubt will be found governing moat It operations in the yenr to come. might well be wished that our legls lators were inclined to ahow as much caution as does nnd will the business community, but perhaps this is too much to ask. The one really comfort ing reflection the public has, however. Is that these gentlemen cannot, after all, do much more than retard busi ness, which has a way of going around obstructions, although the task is sometimes a trying one. 'At the pres ent writing there does not seem to be much disposition to expect any great change in. .the fairly even tenor of business ns a whole, which through out the past year ranged from fair to good." Purdy Is Candidate Again. SALEM, Ore., Jan. 2. Will E. Purdy Of Salem yesterday announced , himseir.as a candidate ror the demo- cratlc nomination for congress for the first Oregon district. VbAdk Standard Cold Remedy! n disagreeable weather always 1 keen Kilia hanrfv. $tAtvfrf cold mrtcdv world over fiw twn gmcrations. JSafc and dependable. uenuna i nu iihu mnia,m na srvr fliecu n Demand H red bar NEW SPIRIT IN ' BUSINESS NEEDED 10 CONQUER REDS CINCINNATI, Jnn. 2. Lack of i uuiiur unmng uuHinesy men is tne enier re"Hon fr their work not helnir in eluded 'he professions. Dr. Rudolph Kinder, head of the department of sociology. New York university, said toi,ny at the meeting of the American ior me Advancement Science. of UuSlneSH conditions had been ag gravated, ho said, by war profiteering an" subsequent slipshod methods of trade, and the high business honor of the few was not sufficient leaven to raise the whole amount of "dough" acquired by their many co-workers. Schools of commerce were unable lo mimm-sn a proit-ssnm uuuu training -alone was insufficient, he de- clared, "If various forms of radicalism are to be prevented from getting the up per hand." he added, "all business men must acquire a new spirit. Capi talism has achieved wonderful re sults and in order to preserve Itself and civilization. It must odd, a new achievement, that of genuine service," POllTLAXD, Oro.. Jan. The body of J. Kmoto, a Jjtpane.se, 25, was found early today beside a bunkhouse of (h rmvU nn(i Wilson I.umhe company ut ijnnton, suburb, under conditions which led detectives to be lieve that he was killed by a blow upon the head with a club and pos sibly thrown to the ground from a second story window of the bunk house. Detectives were unable to gain any Information as to a quarrel In the bunkhouse, however, A workman found Kmoto beside the bunkhouse and trying to rouse him by a tup on the shoulder, discovered him dead. K. Ntauma, foreman of tho Japa nese workmen of the mill, and head of the bunkhouse occupied by Emoto, told detectives he knew of no trouble in the bunkhouse. LITTLE MISS LONEY NEW YORK Jurists of Paris. New York and Jacksonville, Florida, are growing slightly dizzy with the do- mestic troubles of the Itobert H. Gnm- hies. This society pair, well known both here and at Newport,! as well as in the Southern resorts, have broken out Into one of the most complex and. long-continued legal battles ever staged in the courts here. j The latest move on the part of Mrs. Gamble, who was . Virginia Bruce T,onev. survivor nf tho Tusttanln dls- aster, is an attemnt to have her hus-' nad uisuppeaieo. Kldnaping was feared and Mrs. Gamble later enargeel ncr uusnunu with huviliK stolen their children. 'PORTLAND JAP IS FOUND MURDERED wheli tho little tola wei-o found with Ho explllnB tn.lti UH a maUei- of atn hlni In Florida. i tlstlca. thl.s prulmhly never cun hnp- Fnllowrd In eitilik suceeaaion three i ..nt nnd cnniiitinna ni. suitH. In the civil i-oui ta. In which mother's eatnte of $1,000,000, The mother perished when the Lusltnnia sank, but Miss Ivoney, tnen oiuy n swam until she was rescued. WHILE BIG BUILDING WAS MOVED 85 FEE! CHICAGO. A seven-story 7500 ton brick building was moved 85 feet here with Its elevator, light and telephone servlco Intact and during which Its offices were open v to tenants who found u necegaary to enter. . Tne minols Central railroad terminal improvements now in Us being made, was presented with the alterna tive of dismantling the building, or moving it. The structure was erected about 30 years ago but it was In such excellent condition the latter course was taken. The actual moving was accomplished in 24 hours hut it re quired three months' preparation. 1 lorsoshoe Pitchers In A. A. I. WILMINGTON, Ohio. Horseshoe pitchers are now recognized as full fledged athletes, the National Horse shoe Pitchers' association having rati fied an agreement with the Amateur Athletic union to become part of that body. Announcement of the ratification wns made by K. B. Howard, secretary of the National Horseshoe Pitchers' association. Eats Moderately, But Has Gained 723 Pounds Since Birth Mot . 3t Teoiiulo Vuloiiziiolo of I.os An-: roles, Californlu. who weighs 74b pounds despito the fact that ho ' eats but two moderate meals a day i llo was 22 pounds at birth and ho ( EXPECT TO FIND KING TUT JEWELS N NEXT CASKET U'XOIl, .lan. 2. ( lly the Asso ciated Press): With the removal of the roof of the great canopy over the , sarcophagus of Pnraoh Tutenkhamon the next operation confronting the ex cavators Is the dismantling of the sides of the outer shrine. The com pletion of this task will virtually con clude the preliminary work of this season nnd Howard Carter's men will then enter upon fresh discoveries. Hopes are high here that the sec ond casket, which the correspondent is assured, has never been opened. will contain one of those rich and beautiful finds of royal jewelry with which the records of Egyptology are the liberals and conservatives to sup starred. I l01t the Pa Id win ministry on some The exuuinlte golden crowns, neck- laces, bracelets, mirrors and daggers belonging to the princesses of the, twelfth dynasty, known as "the treas- tire of Dahshur." which are now in ; the Cairo museum, show what heights ' of artistry tho goldsmiths of that ; flourishing era of ancient Egyptian j history were capable of attaining. F TO FEED POPULACE BERKELEY, Cal. Will the popu negative by saying that if the popula- tiQn Qf the worlrf evpr increnH(JH -l3 fuI afi u hjlR the power l0( lhftre ,...!, ...in i,0 .. slm-t:iire of food, wny8 intervene to prevent over-popu- tne f00(i supply proves inadequate. Dread diseases always follow fam ine in the train of excessive popula tion nnd shortage of food," the pro fessor points out. and he states fur ther that as population increases the land Is proportionately overworked. "In America, especially, population has always been held in cheek. People nre made to realize the importance of keeping n balance between the popu lation and the food supply- Farmers manage, to produce enough food to satisfy everybody, even though agri cultural methods Improve more slowly than the population increases. The I amount of effort expended in labor Land machinery for getting food Is in I creasing steadily, so that, although population tends to Increase more rapidly than food, there never will be danger of food giving out." i WASHINGTON, Jan." 2. Colonel William P. Burnham, commanding at tho I'residio. San Francisco, has been appointed brigadier general, filling the vacancy created by tne promotion of Major General Gordon last No vember. General Hurnham Is tho senior In fantry officer of tho army and rose from the ranks. During the world war he commanded the 164th Infantry brigade nnd later the 82nd division In France during the St. Mlhlel and Meuae-Arsonno offensives. has put on weight ronilstendy since that tlnin. with lilpi In the photo aro Mrs. Vulenzunlo and their two children. Theodore and Kdward. PREDICTS LABOR ENGLAND SOON LONDON. Jan. 2. Prime Minis ter Italdwln is expected to return to Loudon from his Christmas holiday in the country today and an early meeting of the cabinet to complete the king's speech for the opening of parliament a week from tomorrow is foreshadowed. 1 Newspapers whose avowed object is to prevent. If possible the installation of a socialist government, renew to- day stories that a considerable sec- tion of the liberals Is dissatisfied with the attitude of Herbert Asqulth and other leaders nnd is working for un arrangement, amounting to a fusion of agreed non-party program to keep the socialists out. The Times professes to be able to correct these reports, saying that Ramsay Maclonald 'will take over the premiership before the end of January with the full consent of the conservatives and with the assistance of the liberals. FREAR IS URGED ' ,, r,.TTmrt . WASHINGTON, Jan. 2 Ueprcsen- tativo Frear, republican. Wisconsin, in renewing his demand for a sweeping inquiry Into conditions In the Philip- pines, has taken the position that the scope of such an investigation cannot be determined until ordered by the house or the senate. BYDEI10CRATST0 PR0BEW00DCA.SE Urged by Senator Caraway, demo- smaller companies were forced to crat, Arkansas, and others, to press suspend or reduce their dividends, forward an inquiry Into the business The automobile Industry had the affairs of Leonard Wood, Jr., and the ' host year in Its history, nearly 4.000, stock market trading activities of ' 000 cars and trucks being manufac Lleutenant Osborne Wood as well assured during tho year. This brought the administration of their father, (the total cars In use in this country to Oovornor General AVood, in the approximately 14,000.000, or DO per Phllipplnes. Mr. Frear has declined to Icont of the world's supply. Production amend his resolution calling for on 'schedules recently announced by the investigation which has been referred to the rules committee. Mr. Frenr declared yesterday, how ever, that a "probe should be made Into some of the reputed Aladdin Lamp Oil transactions of Osborne Wood, that finally called for action by the secretary of war and the presi dent of the United States," nnd Sena tor Caraway said he intended to turn over to the representative some corre spondence ho has received on the activities of Leonard Wood, Jr. II E PORTLAND, Ore., Jan. 2. Parents police detectives today were trying to find a clue to incendiaries suspected of starting the fire which Saturday night swept the synogogue of Congre gation Doth Israel, the board of trus tees of the congregation was taking preliminary steps toward building a new structure to cost $300,000 on the site of the building which was reduced to a skeleton by the flames. The fire, it been me known today, destroyed a library including many rare books. Including relitrlous vol- um(,H mnv C(.nturieB old. Homo of these, produced in Jerusnlcm had neen p,.nt lo America after having been In Spain several centuries. CUTS-SORES Cleanse thoroughly then, without rubbing, apply WORLD PROSPERITY AWAITS SETTLEMENT! RUHR CONTROVERSY i NEW YORK. Jan. 2. (Hy tho As sociated Press.) Ilusiness in tho United States during 11H!3 was good in most lines, with the outlook for regarded as encouraging by many business and banking leaders. While opinion is divided as to the extent which domestic business has suffered by the unsettled economic condition of Europe, there is a unanimity of opinion among industrial executives that a satisfactory solution of the troublesome reparations problem would stimulate business and in crease industrial activity in this country. Freed from the heavy expenses en tailed by the prolonged shopmen's strike and the loss of revenue from the miners' strike, which caused enor mous losses In 1U22. tho railroads generally enjoyed a prosperous year. Net Income of Class One roads for the first ten months of 1923, the latest figures available, totaled approxi mately $8 20,000,000, an increase of $20(5,000,000 over the corresponding period of 1923, with indications that the year's total net income would reach 51,000,000,000. Freight traffic reached record breaking proportions, the weekly car loadings exceeding tho million mark more than 20 times. The Increased efficiency In loading and moving cars was shown by an increase of approxi mately 30 per cent in net ton miles over 1922. Huge sums were spent for new equipment, the purchase of which was financed largely by short term obligations known as equipment trusts. The llaltimore & Ohio rail road resumed dividends on its com mon stock during tho year, tho New York Central Increased its annual div idend from 5 to 7 per cent, and the Gulf. Mobile & Northern declared an initial dividend of 1 per cent on Its preferred stock. The Louisville & Nashville railroad declared a stock dividend of t21j per cent. For the first time since 1917 the railroads showed an increase In the construction of main line mileage. Important construction developments under way Include the linking up of tn SnllIhorn pm.ifln wih mv1 ,-itv thtJ dou,,ie tI.acklllg of tho SulUrt Fe, tht! cut.off operations of the New York Central at Albany nnd of the mi0s central on Its main line Elimination of the 12 hour day at the suggestion of the late Presidont Harding wns one of tho outstanding developments of tho steel industry in 1923. E. 1 1. Gary, chairman of the United States Steel Corporation, est! mated, when tho announcement was made, that tho change In Working hours would increase tho cost of pro- duction by 15 percent. Reyord-break- ing building construction, much of wnicn was delayed by tho war, and unusually large railroad orders helped to offset the loss of export bu'iiuess through tho economic disturbance of Kurope. Material for reconstruction work in Japan was an important fac tor in the closing months of the year. Tho declaration of an extra dividend of 14 of 1 percent by tho U. H. Hleel Corporation on (Jet. 30 was generally construed as an expression of confi dence in the immediate business future. Heavy over-production of crude oil in California followed by the discovery of a big productive field In Central Texas unsettled the oil market, fore ing crude prices to very low levels land bringing about a gasoline price cutting war in various sections of tho country, despito tho fact that con sum,Hi(m WftH Kre(lter than ever bo fore. The increase in domestic pro Auction more than offset tho loss in Mexico, where many wells ran into alt water earlier In the year. In order to conserve their cash resources d finance huge quantities of oil and gasoline ln storage, several of the larger companies Indicate that the output in the first three months of 1924 will exceed thnt of the corre sponding period ln 11)23. Production of railroad equipment also reached new high records as a re sult of extensive replacements made by all the leading railroad systems. GOLDS GRIP Fortify the system against Colds, Grip and Influenza by taking which destroy germs, act as a tonic laxative, and keep the sys tem in condition to throw off all attacks of Colds, Grip and Influenza. The box bears this signature Price 30c MBronw I Quinine It Is estimated that the railroads of the 1'nited States spent approximately $3,100,000,000 for equipment In 1923. Forward buying thus far indicates an other huge outlay next year. Importation of large quantities of cheap copper from Africa and South America unsettled th domestic cop per market, de.spite the fact that con sumption was greater than ever be fore, and in excess of domestic pro duction. The sharp diminution in export demand, due to the unsettled economic conditions abroad, sent the price of the red metal down to whec but few companies could operate at I a satisfactory profit. One of the out standing developments In the industry j was the purchase of tho Chile Copper j company nnd the American liras 'company by the Anaconda Copper J company. j Fear of a sugar shortage In mid summer, which led to a temporary era of heavy speculation In sugar futures. I proved to be unfounded. Sugar pro- uuviiik i-iJiiii'iuiK-n Aut-t-fvut:u ill ' re couping somo of the heavy post-war Iohpos, dividends being resumed in a few cases. Cotton prices reached the highest levels In more than three years on a shortage In tho crop, due primarily to the ravages of tho boll weevil. Un seasonable weather and a heavy de mand for the raw product were other contributory causes to the higher prices. Relatively low wheat prices, due to a reduction in export demand, over production and Increased competition by Canadian growers, led to sugges tions of reduced freight rates on grain for export by President Coolldge and prominent western legislators. Other farm products showed material In creases in value, particularly corn. Mail order houses and chain stores did a record breaking business. How ever, tho leather, rubber, chemical, shipping nnd motion picture indus tries had periods of depression from which they had not fully recovered at the end of tho year. Considerable interest was aroused in financial and business circles in the closing weeks of tho year by Sec retary Mel Ion's recommendations for a reduction In income taxes, which was endorsed by President Coolidge In his first message to congress. The belief was widely held that the reduc tions proposed would do much to stimulate business activity In the com ing year. Increase; S. V. Herald Prle SAN FRANCISCO, Jan. 2. Tho Daily Illustrated Herald, a tabloid novvspaper, started hero on December 10 by Cornelius Vanderbilt, Jr., yes terday increased Its price from one to two cents a copy on street sales. The subscription price remains at 25 cents a mouth. Inventory lllanks Before starting your Inventory call at this office and see the specially ruled and printed blanks, made up In proper columns and tabulated to make Inventory easier. tf ft OF BEAUTIFUL HAIR 35c "Dandcrinc" so Improves Lifeless, Neglected Hair Cirlfi! An abundance of luxuriant hair full of gloss, gleams und life shortly follows a genuine toning up of inflected scalps with dependable "Ihinderine." Palling linir, itching sculp nnd die dundniH is corrected immediately. Thin, THE VICTOR Medford Book Store 34 No. Central Ave. Uncle Si Says: "Prevention is better than cure and a darn site cheaper" Look out for your radiator this cold weather. We furnish the anti-freeze mixture at the lowest price. Medford Pharmacy Phone 10 Free Delivery W000 IN BOGUS -TEN DOLLAR BILLS IN CIRCULATION CHICAGO. Jan. 2. Counterfeit 10 federal reserve notes of a face value of more than 9000,000 are being circulated between the Atlantic coast and Kocky mountains, according to leuerai secret service men wno re cently unearthed 9 00 of the bogus bills in an underground cache near here. Five persons. Including a woman have been arrested in St. Louis, Chi cago and St. Paul and government op eratives nre searching in every middle western city for the Bource of the monev. Thn bf 11h nrn nil If I h run rlrt. bear a portrait of Andrew Jackson, nre marked Scries 7-G with the num- her D-333 under the seal, and altho? slightly off color on tho reverse side. are said to be hard to detect. The burled bills were found by detectives after their location was told by Homer Sweeney, arrested with his wife, Mao Sweeney, after they hnd attempted to circulate some of the bills In St. Louis and St. Paul, accord ing to detectives. KILLS SKLF KATIIKK T1IAV SIlAlti: HOMK AS LAW IIUECTED TRFPTOW, Germany Paul Nickel formerly chief of tho local board of Treptow, killed himself rather than surrender two rooms of his dwelling to a family with many children, ln accordance with an order by the" housing committee. Nickel, who was 70 years old, had resisted the commnndeerlng" of his rooms, but when It became evident that ho would lope the case and be forced to share his home with stran gers, ho shot himself. This did not kill him. so he hanged himself, leav ing a letter saying he could not bear to have part of his home taken from him. A Good. Thing - ION'T MISS IT. Send your name and add rest plainly (rritten together with 5 cents (and thu ; 1 lip) to Chamberlain Medicine Co., Dei Moines, Iowa, and receive in return a trial package containing Chamberlain1! Cough Remedy for coughs, colds, aroup, bronchial, "flu" and whooping coughs, and tickling throat: Chamberlain! Stom ach and Liver Tablets for stomach trou bles, indi gen tion, gassy pains that crowd (lie heart, bil'ioiiHneaa and constipation; Chamberlain's Salve, needed in-every family for burn a, scalds, wounds, piles, and skin affections; these valued family medicines for only 6 cents, Dou't mint it. dry, wispy or fading hnir Is quickly in- ..p,"-.fi, oui:iifii.ii, and youthful beauty. "Ihvnderinc" is delightful on the hair; a refreshing, stimulating tonic not sticky or greasy 1 Any drugstore 9 Keys to add with in lc to million. And only $105 cash,' $110 monthly pay-, mcnts. A machine with less keys is a nuisance. V 1 . ...