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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (Nov. 27, 1915)
DAILY MAGAZINE SECTION THUS TY -EIGHTH . YEAB. SALEM, OREGON, SATURDAY, NOVEMBER 27, 1915 nnior T"tts pfw ON TRAINS AND H1WS. SPORTING NEWS 0HRNAL fm " iff j Ten Captains of College Football Teams ' ' 7 Artf" ,, mi " " . , -v'" v.. j vv , yu f.mm. a .r 7: i--i v4t y v' II v . f . J - , s - . f j (renter portion of tliis in the form of increased eost of living. . - On January 7, JH11, Air. ( nrneifro mailo a speeeh before tlie repiibliean club in New York City, in which ho tola how he came to go into the armor plate biiMinejm. 1 wnn coaching m Scotland He wiiil When I cot a calilcgrnm from Sec retary Tracy This ih the same Secretary of the Nnvy Tracy who, after leaving tho government service, became the at torney for like LEFT. TO RIGHT -MAtAMmAM-fltUBAar- WfLSOWALE-LtfTMALF BACK-BARRETT-CORNELL mia0t?0 CiUCK-PRINCETON- QUARTER- ANDREWS-BROWN-LEFTRALF- ARRIS -UtfP-ffJRT TACKLE. ABEU-COLGATB-mHrrACXLE-MilS-NAVt-mt(m-MVUF& Financial Problems Are Outgrowth of Great War New York, Xov. 24. Our financial self-deception to expect that the outlook is undoubtedly promising, but United States could permanently profit; contains manv difficult and unpre- by n struggle ended only by exhaustion, eedented problems, practically all of Although this country will undoubtedly which are an outgrowth of war. Thefcel the harmful effects of the war violent derangement of our foreign; less thnn any other, nnd will actually XTaue, xne suiiuen nnu ovi'rwiiwmnia no- iu mands for munitions, the undreamed of applications for American funds and the consequent secondary disturbances af fecting shipping, railroads, factories, labor, commodities, exchange, money, securities, etc., are too familiar to re quire mention. No line of business has entirely escaped the effect of the Kuropenn cataclysm. Some of these problems have already been successful ly faced. Others are still in prospect and will require cool and careful ac tion. Although our financial and in dustrial resources have already been mobilized upon a war basis, there still remain two great contingencies yet to tie faced; either an early pence, or pro longation of the war, the former may he within tho probabilities. A severely dimiBtrous and costly winter may be in fluential in that direction. Should the wnr continue indefinitely, to it will have a twofold effect. At first it would mean a prolonged demand upon the t'nited States for war materials and food nroducts, such ns has been ex perienced for tho past six months. Tem porarily we should gain by such a re milt, but eventually we should lose by a long wnr and it would be dangerous in Borne respects, we cannoi hope to avert tho reflex action of de struction of millions of men and bil lions of property, the present cost of the wnr being at the rato of about $;!0,000,000,000 a year. When the -war is over wo mny secure some tcmpornry advantage by selling machinery, con structive materials, etc., to fill the gap until the devastated Tegions are ahlo to supply themselves; but subsequently our exports must be attccted adversely inevitably diminished miying looking and which if properly developed will bo nn important outlet for our rap idly cxpan'dihglndiiitrtal energies. Evidently, therefore, a prolonged war will have both its gains and its losses for tho United States. Should tho war come to an earlier end than expected, especially in view of rumored peaco movements, the results would be vastly bettor for us thnn its continuance. We might lose some profitable war con tracts, but on the other hand we should gain infinitely more by the stoppage of waste and the restoration of normal activities before the much-dreaded in ternational exhaustion sets in; not to speak of a higher motive for peace, which is to stop the awful enrnage that is drenching Europe in blood. With the coming of peaco a new set of problems will have to be met. Our financial de mobilization would bo in order, nnd mnny industries whih have suffered by the struggle would be permitted to re turn to their normal relations, a vastly more encournging outlook than the in flationary profits from war orders, which thoroughly demoralize capital and labor alike. Home conditions show further Jm Extreme Difficulty of an Offensive Campaign By William Philip Simms. . (United Press staff correspondent.) With tho French Army in Cham pagne. Oct. 23. (By mail.) Can Cnrnesiie eomnany either the French or (ierman armies saying in effect, "the president gays I now face to face along the western he understands it to be your duty to' front, produce n knockout punch? enter into the mnnulnctiire of armor and save the ships from waiting on the stocks tor want of it." Mr. Carnegie .proceeded then to say: That telegram settled it, for when ever the public calls on me for any thing l can do, unless 1 fnll dead, it is my glory to respond. , That is what 1 did, because the presi dent asked me to do it, ami if the pres ident thinks it is my duty to do any thing or to go anywhere for my coun try, i consider it the voice of Ctod. ;lr. ( arnegio went , into the armor business as a result of listening to the "voice of God," but there i suffi ciently large amount of documentary evidence to indicate that once in the armor liusiuess, with i nolc nm as a customer, his hearing must have be come detective. READS CATALOG- AS CANNON BOAR Former Star Maxwell Salesman Takes Literature Into Front Line Trench. by nn power of all tho belligerents. As to im l . i ii 1:1 !.. tuA.A ...:n ! Jl u coimi iinnn niiuw juruicr mi- 'Zrt. Itailroad trafficis steadily such extensive dumping as feared, for the simple reason that Kurope will have little surplus for export, and for some time after the war labor in the Belliger ent countries will be largely drawn in to reconstruction work, while the wast aire of capital must restrain foreign en terprise for years to come. Following the war a severe Btruggle for recovery of the world's markets must be ex pected between Germany and Great Britain. That contingency, however, is some distance away, and during the in terval the United Stntcs has a splendid opportunity for securing a foothold in foreign markets, which it is not over- expanding, the number of idle cars has dwindled to a minimum and in somo cases there is actual famine, due to the congestion of traffic. The latter, how tention has been more or less diverted from the war stocks to railroads and industrials which naturally move moro slowly and less spectacularly thnn the highly sensitized war group. The in vestment demand continues active; having absorbed large sums of high grade bonds which are showing a con siderable hardening in values. In two weeks Congress will open nnd public nttention will probably be concen trated upon tho solution of such prob lems as prppnredncss, public revenue, shipping, tariff, etc. Mnny of the old issues which were of a depressing na ture have been completely overshad owed by the war. Tho nation is think ing more deeply than at any time since the Civil Wnr. Public opinion is less hostile to capital, a fact which removea a depressing influence of long stundiug. The railroads, it should also bo remembered, are carrying a big traffic at better rates than formerly, the results for October and November promising to be exceptionally satis factory. HRN'RY CLEWS. THE WORLD WAR TRUST Doubtless the punch is possible but the more one sees of the present fighting line the more is he impressed with the extTivne difficulties of the thing. Not an officer or man hero but is firmly convinced that sooner or later the allies will smash through the Ger man lines to open country beyond. The Chnmpngne drive proves that the blow must be one of the mightiest wallops that ever set tho globe a tremble, Somo months ago a general remarked: . "We cun break through any timo, but the effort would be costly and we must make sure it will be worth the price.". Tho French have just broken the enemy's front nnd reached Geuunn reserve lines. , The advance was a prodig'' of valor utter a miracle of pre partition," und the gain, 15 miles long and three miles deep was worth the price because it proved that the allies' tusk is not hopeless. The Battle of Champagne was the first fought with perfected trenches a condition peculiar to this war. Until Inst November fighting was in the filinn l,lif ulien till, nrmipd fillip ttioin- Detroit, Mich., Nov. 27. From star j 8Civt. j it wllH grenade throwing, automobile snlcsniun and contrnct ex- trench-mortar bomb-firing aad an oc pert to private soldier, doing his hum-1 cnsionul bnvonet chnige. ble part in the trenches is the rapid i The Champagne battle was the first transition through which C. M. Kast-1 gtvat general battle lifter both sides lake, formerly of tho Slaxwcll company h,i turn,.d their positions into verit has passed m the last few months.- Bblo- forlHi jt wiii g0 ,)own in history Enstlnke is a Canadian by birth.! nH ()ne 0f t)le world's most important When war was declared he patriotical- fights. It is estimated that moro than ly resigned his fine position nnd en- a million men were engaged and that listed. For some Jimo he has been nt t,0 Germans lost more than three times tho front. Occasionally ho mana-'cs umt Napoleon lost at Waterloo. Such to get a letter through to somo of his a hcrciiloun effort being necessary for former associates in the motor iinlun- oitbiT side's considerable advance, and "T- (icrmnnv's task of defeudinir u Russian With a personal answer to one of i f1.,mt a Balkan front, nnd a wostcrn these letters, C. 10. Stebbins, Eostlnke 'h f r0Ilt make it impossible for Germany former commanding officer, sent, nt the,to produco the punch necessary for vie soldier's request, a 191(1 Maxwell cata-jtorv the French say. ,0fr- r , j file way from Paris to the fighting '"IUIIIK " i-pni,uij " pir, i -1 trout is a series of perfected trendies. inl - l..i 1.1 I.. i: . . 1 rain of steel there was nothing to do but to crouch under the crumbling shelters and wait for death. Like tho French, the Germans have reserve lines of trenches, but tho French consider that they have taken the German's measure now aud that to advance they have only to rcpeiit tho Champagne dose. This, they admit, takes time. On the other hand they say they have the time and that tho Germans have not, also thoy can con centrate their efforts while the Ger mans uro compelled to spread theirs over a wido area. You won't find a single officer out here who will claim that tho Buttle of Champagne, ns big and important ns it undoubtedly was, will directly eftV tho end of the war. But he does claim emphatically, that tho battle is like a signpost pointing tho way to the end, nnd that by similar thrusts here ami there, the wall across the road will crumble ouo day and behind it will bo only the open highway aud victory. AND THEN WE DIE (From Remarks of Clyde H. Tavenner.) One of the strongest arguments in favor of a policy of complete govern- ever, is partly owing to the scarcity ofjmellt ,n niifn turo of nil munitions of ocean tonnage, the war having with- , h , , drawn or destroyed about one-quarter, . ,. ' ' ,. . .. or 10,000,000 tons, of the world's ship- a11 incentive tor the defrauding of tne ping. Trnde in tho West shows consid-l government by private manufacturers, crnble expansion, particularly in the The wnr trust bus never hesitated to wholesale dry goods establishments; cheat tho government when it found new building exhibits a decided revival,' ,.i f;.i i, nr.,.ni.ti,,iii!oU it and tho steel trade continues upon its; j,, iroiHilc that the exact extent of the unexampled boom. Our exports nlsO frlill(9 t,nt have been perpetrutcd up continue on a large, though 8omewhatjon tno government by the war trust catalog reached him In the first line trenches "nnd, believe me, it sure look good," ho comments. "It seems funny to sit hore," he adds, "with your letter nnd the cata log in front of me, and the rifle fire, and the ronr of the big guns, and real ize the difference from n year ngo, und then try to picture ..where I will be n year from now. "I never knew there could be so many of one thing ns we have here, nnd that is sandbags. As far ns I can see, we are absolutely short of nothing. We have millions of men nnd money, munitions in plenty, nnd the artillery is certainly wonderful. "Tho Belgian people treat us fine. Wo have lots of money and are not nt'ruid to spend it. Tho army grub is fine and they feed you nil you can eat. The ono thing I envy you chnps is a bathroom. We can build a fire and heat water for a shave any time but, Oh, Yo Gods, for a regular bath in a tiled bathroom and not in a hole in the ground! "Of course, we don't know- n thing about whnt the big men nre doing nnd we are only n very small part of the line nut u ttiuip c.uu umw nit unn cimi clusions und 1 can assure you we have it on them cold. You'll hear all nbout it one of these days when we start across Belgium. "It's good news to hear how busy the factory is, and how finely the new cur is delivering tho goods. It. lookp like a wonderful cur to sell. I only diminished scale. Tho foreign exchange situation has been greatly improved, duo to the placing of extensive foreign credits nnd the operution of the $"iU0, 000,(100 Anglo-French loan which served to ottset the pressure of commercial billB upon the market. This country is undoubtedly still a creditor nation in the limce Bcnse of the term, but a tre mendous change has taken place in this respect. Home months ago it was csti mated that the amount of foreign cap ital invested in this country was about the war began ff Who's the Winner? E I You know if you've tasted PIED- MONT. No wonder so manv men are going after "those cigarettes with the record-making taste." PIEDMONTS win hands down in every puff of their all-pure Tobacco. JfaaiJl&cu 'orxue of' fjuaiwj Get a "Half Nelson" on the Coupons! I Iff fit ( packtd 20 form will never bo known, because it has been only by sneer accident that suc.i frauds have become public in a few instances. A proposition has been made to Sec retary Daniels, however, that if he will agree to reward those who furnish the evidence of extensive armor-plate swin dles with a certain percentage of the siiniH rnciivci-Cil t'rrltil tlin nriiinr riinris I a rnunlf nf iiiii.li ill f nriitn t i mi thuf il will be forthcoming. Those who have made this proposition to the Secretary state that the men who huve such in To ndvance, tho Germans must storm these trenches one by one. Thoir capture would bo possible only after a cyclonic downpour of explosives. It is said so many shells would be neces sary that Germany's output would be taxed to supply this one front. For threo days I have walked the Champagne battlefield, inspecting what were the German positions. Germany's preparations were marvelous. Trenches cris-crossed tho jiluins, machine-guns were everywhere, steel turrets with rnpid firo cannon reinforced already strong positions. Barbed wire under brushed the forests, and beyond every hill c.-est were entanglements to catch tho advancing French unaware. All sorts of man-killing traps were set, one being a trick trench from first to sec ond line. Ilnvintr lured the French into this tho Germans disappear down an unsuspected oftshoot nnd a hidden machine-gun mows down tho French. The one antidote for this is a terrific cannonade which literally turns the wholo fighting front, for miles in both directions and miles back of tho first linos into a shambles from which noth ing nn escape. Tho guns must mow down forests, level trenches, blow up turrets and smash entanglements. The French in Champagne did a good job of it. For three duys they rained a million shells a day into this area. Effective fire of French field pieces is about four and tv half miles nnd over that much front they made so hot for the Germans that a Gcimnn officer de For health or wealth or love you sock, You win or lose uo matter which, The goul's the same for strong or weak; Tho pud's the same for poor or rich, You strive for knowledge With- a spoon You try to bale the ocean dry, Hope Bays: "You'll' do it pretty soon!" And then you diel Life teases, tempts . with . baubles bright; Extends the prize nnd draws it back. Homo joy is ever in your Bight To blunt the torture of the ruck, When Fortune frowns you know she'll smile. The thing you prizo is ever nigh. Life lets you hold it for awhile! And theu you diel Who enrest When ono has seen tho show Who wants to see it o'er ngainf We gaily come. Let's gaily go, We're tuppenny goods, we little men! And, God-like we may taste the joys Of present dnys, nor wonder why, Ho let's lie happy, iris and boys! - ; For soon we 'U die. And happiness? 'Tis in hard knocks; In bloody sweat aud dripping toil! The great eternal paradox That justices the endless coil! The things wo do because we must! The kindnesses we tuke and give! Who knows but when we're turned to dust 'Tis then we'll live! Grif Alexunder, in Pittsburg Dis-pntch. hope I get out of this mess w ith enough j they were so helpless under the of me in one piece to get a place back Lvvvs.iiy'wi. 7T bfTV'(( , i ii i. f I occupied by the Canadians. No news Lastlako's letter bears the date of;, ', .... ,. , October 8, since which there havo " received Irom- him by his been two mnjor actions ulong the front Maxwell friends since that date. PURE RICH BLOOD PREVENTS DISEASE Bad blood, that is, blood that is im puro or impoverished, thin and pale, is responsible for more ailments tiiun anything else. It affects every organ nnd function. In Borne cases it causes catarrh; in oth ers, dyspepsia; in others, rheumatism; ami in still others, weak, tired, languid feelings and worse troubles. It is responsible for run-down condi tions, and is the must common cause of disease. Hood's Siirsnparilln is tho greatest purifier and cr.riciior of the blood the world has ever known. It has been wonderfully successful in removing scrofula and other humors, increasing the red-blood corpuscles, and building u)i tho whole system. Get it today Did It Ever Happen to You? By Mort Burger between . ,00,000,000 and WO-Mte of securities have been returned; we have taken the Anglo-French loan of $.100,000,000 ; made very considerable loans to France, Knssin, Italy, Argen tina, Canada and other countries, be sides establishing big credits to Eng testify arc in the employment of tiie armor manufacturers and that they cun not sacrifice their interests and menus of livelihood without some kind of pro tection, oincc there would be no cost to the government, unless it wus uble land, Russia, Italy, etc., so that in one, to actually recover fines from 1 lie arm form or another, wo have advancedior patriots, it can not bo seen how Europe considerably over il,000,0()0,000 tho government can well refnso this since the beginning of the war. This' proposition. There is little doubt but seems like a big sum, but when think-j thut the government has paid higj ing of wnr it appears to bo necessary prices for inferior and "doctored" and to talk in billions instead of millions asdefective nnnor plates, guns, and gun formerly. Large as the sums advanced; forging in scores of instances without may be our lending abilities huve by no means reached thoir limit, and our foreign obligations have been material ly diminished. the same being delected. Any discussion as to armor frauds neccsitates the mention of one of our prominent millionaires who travels about the country posing ns a great pa- "There has been further hesitancy in J ; the upward movement, chiefly owing to , hi intilmltioll ,imte ,,.. re continue! liniildntlnn. Tho recent nre-i.' nomennl rise was naturally followed by extensive profit taking among early buyers. Many nf these realizations tired." Mollis .'I00,000,000 worth of bonds in tho T'nited Htutcs Ktecl Cor poration, which in turn owns the Car negie and other war-trafficking sub were made at higher levels tiiun exist ni.iiarica, which never hesltnto to take today, and new buyers were readily advnutago of their strangle hold of our in evidence; so tne general niarnei.army and navy, Mr. Carnegie's protes still wears a neaitny aspect, me teen nicnl position having been consider ably Improved by the reduction of a somewhat excessive long -interest, At- tntions of patriotism notwithstanding. Mr. Cnrnegie's slice of pork resulting from his .100,()00,(IOO worth of bonds amounts to $10,000,000 annually, The I VrVV. ..- - I 1; " l c I II I KJC.wW shocking! ( ' AiMMMt C03HTUMIS . ACRia vvrvvnu. I.w i y 1 sCHTRAIOrti one rKun n 14 . . . . rnnj kfl w
