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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (April 10, 1916)
.Page of "The. Capita! Journ MONDAY KVKMXC. April ID, IS) 1(1. ona; CHAELE3 H. FI3HBB, Editor and Manager. al PUBLISHED EVKEY EVENING EXCEPT SUNDAY, SALEM, OREGON, BY Capital Journal Ptg. Co., Inc. L. S. BARNES, President CHA9. II. FIS1IEH, Viee-l'resident DORA C. AN ORES EN bee. ami Trenu. Sl'BSC'KIl'TION RATES Daily by carrier, per year f 5.00 Per month ....45c Daily by miiil, per year 'JM Per month 35c FULL LEASED WIRE TELEGRAPH REPORT Kcw York EASTERN REPRESENTATIVES Ward-Lewis-Williams Special Agency Tribune Building The Capital Journal farrier boys are instructed to put the papers on the poreh. If the carrier does not do this, misses you, or neglects getting the faper to you on time, kindly phone the circulation munngor, s this is the only wiy we can determine whether or not the carriers ure following instructions. Phone Main 81. INTEREST AND THE NIMBLE DOLLAR There is a saying that ' figures will not lie. This of course does not apply to female figures or any other if they are padded; but just to plain, unadorned figures. They are generally considered "dry" reading, yet they are at times deeply interesting and sometimes astounding in the revelations they make; Just now there is considerable agitation over "rural credits" and a low interest rate for the farmer. In this connection a few figures as to interest may not prove uninteresting. A person reaching the age of 80 years has lived 29,200 days. If he has labored at days work he" has, if working steadily and not losing any time from sickness or other causes, put in, say sixty years of that time at the rate of 310 days a year, or 18,600 days. If he has saved every day one dollar from his wages, he will have when he is 80 years old that number dollars, 18,600. This estimate allows him to begin earning and saving his one dollar a day when he is 18 years old and quitting when he is 78. That is what days wages would bring a hard working and saving laborer at the end of a long and industrious life. Now let us seewhat a dollar put at interest will do and what a man runs up against in the battle with interest. One dollar placed at interest at 7 per cent will, if com pounded, double itself every ten years. In 80 years this one dollar working steadily just as the working man we have mentioned has done, would amount to $256. It fol lows then that $100 placed at interest at the same time and at the same rate would amount to $25,600 in 80 years, or $7,000 more than the person would have earned in the same time. In 100 years the single dollar placed at interest would have increased to $1021. If allowed to remain at interest at the same rate for another 100 years it would increase 1024 times and would make the snug sum of $1,018,576. Allowed to run another 100 years it would at the end of I'.OO years amount to $1,07:5,061,821. At the end of :'.50 years one dollar placed at interest at 7 'per cent would have earned $:U,157,108,:,08, enough to pay the entire ex penses of the European war to date. Estimates place the total supply of gold in the world at from$l:'.,000,000,000 to $16,000,000,000. Taking the larger amount and it will be seen that one dollar placed at interest at 7 per cent for :'.50 years would absorb all the gold in the world and with it all the silver and then some. The total crops of the United States are estimated at $10,000,000,000, so it would take the entire crops of, the country for three years and a half to 'pay interest on one dollar for :!50 years. If this nimble dollar was allowed to work 20 years longer, a total of :!70 years it would amount to $156,628,172. After it reached this amount it would require every year the entire crop of the United States to meet the interest on it yearly and keep it from growing. That is what interest can do. Can you beat it. When it comes to technicalities the American juror is no slouch. In the trial of (ieorge Schultz for selling liquor in violation of law in Portland,, the jury Saturday found a verdict of not guilty because the complaint did not specify that these liquors were sold at 20: ?. Washing ton street, but instead said they were soM "in the Per kins hotel at the corner of Washington and Fifth streets." It seems the bar run by Schultz for theh sale of temper ance drinks and where it is alleged the liquors were sold was in the Perkins hotel building but "was not a part of the Perkins hotel." There is nothing more ridiculous than law as it is interpreted, except the lawyers who tangle it and the jurymen who bungle its enforcement. The most suggestive fact of recent political moves is the selection Saturday of a chairman of the New York republican central committee who is opposed to Roosevelt. The chairman, selected was Frederick C. Tanner who was re-elected to the position. After his election he refused to state his preference as between Hughes and Root, but expressed opposition to Roosevelt. He said: "Whoever is nominated must be a real republican, one who has been enrolled as such for a number of years.'' He added: "I hope that only a republican will be nominated." Evident ly he, as many other republicans does not recognize Teddy as a republican, but rather as an insurgent who gave the party an everlasting licking by bolting its nominee for president. We point to the Mexican as brutal in his nature because he delights in bull fights and cock fighting, and the shed ding of blood generally. Yet are we any better in this respect. Only two days ago 80,000 Americans assembled at the race track at Corona to see a dozen men risk their lives in a speed contest far more dangerous than the Mexican bull fight, and still more thrilling because in the latter it was after all but an animal that was killed while in the auto races it was the human being that faced death and in this instance died. Are we growing calloused and so toughened that we require as did the old Romans, that some one be butchered to make a successful holiday? To the storm blown and snow covered East wye can sug gest at this time that Horace Greely's advice to "go west young man and grow up with the country" is still good. Saturday a storm swept over the Atlantic coast dropping six inches of snow over a wide section and the mercury below the freezing point in the same areas. Frosts were reported in Louisiana and Texas and in some places in Florida. Not only were the early crops damaged but the baseball games had to be called off at points as far south as Memphis. New crops can be planted but the ball games are a total loss. C. B. Moores, of Portland, Be ing Groomed for State Secretaryship Unless there is a big spurt and a steady one for the next eight days at the registration offices there will be a decided shortage of voters at the primaries. Registration ends one week from Tuesday night, or April 18, and the primaries are held May 19. If you intend voting you had better get busy, and not wait until election day to become a nuisance to six of your friends by making them go to the trouble to accompany you to the polls in order to save yourself the trouble of going to the court house and regis tering, as you should. That verdict in the Schultz trial at Portland Saturday recalls an old verse describing a dispute over Handel and Bonincini: "Some say their signor Bonincini Compared to Handel's a mere ninny, While others say that too him, Handle Is scarcely fit to hold a candle. But what's the difference I can't see '. Twixt tweedle-dum and tweedle-dee." Some Portland highwaymen believe in keeping their word. Some six days ago a couple of them held up Albert Cautier and relieved him of $21. At the time they told him: "We'll be back when you have more money." True to promise, supposedly the same parties, while Gautier was away from home, backed a wagon up to his door and stole most of his furniture and personal effects. Their calling is not commendable but their regard for their word, surely is. Eastern republican leaders, like Roosevelt and Root, say that "preparedness" and "foreign policy" will be the leading party issues and that the tariff will be discussed only as a minor matter. These Oregon newspapers, edited by the republican press bureau, which have been harping steadily on the tariff question must have been given a bum steer. They will have to get their ready made editorials from a different boiler plate factory. The lon looked for and much sought fur opponent. of Hen V. Oleott. for the job as secretary ot this state, has at last been "discovered" according to a rumor which floated up from Portland today when it was announced that ". F .Moores. chairman of the republican cen tral committee, would oppose Oleott foi the republican nomination. Petitions are being circulated in Portland today urgiiig .Moores to become a candidate for t lie republican nomination ahou' Mr. Moores has not yet filed his dec' ration of candidacy or even announced his intention to be a candidate. The stand pat repur,'ii-ans have beei cruising their secretarial timber for ernl months with but little success as most of the candidates feared that Ol eott would be re-elected and there is li tie fun in being a candidate unless you are elected. Numerous possibilities were flushc. but each looked over the ground and then declined the honor with thanks. Oleott lookeil too strong among the pro gressive republicans, the democrats, and the rank and file generally o'f the voters of the state. Moores is well known as a stand pat, dyed in the wool republican, and one of this type was counted by the republicans as likely to put up the best race against Oleott. The main ob.jectio.i ro Oleott by the Old Guard is that he was appointed hy West to the secretin nfp and then he stood by West's policies and he was even accused of being n democrat. Since his election to the office he has heaved a monkey wrench into the machine a few times ami has gained the reputa tion of being a sort of n free lance ami refusing to be bound to the chariot wheel of the old party, all of which has tended to arouse the animosity of a few who wish to see every vote unanimous and in their favor. ing Considering what interest will do in the way of build nn ;? fortune, isn't; it, n nitv Methuselah was not onto the combination. He had a chance to break the world. A dollar placed at interest for him when he was born, at 7 per cent would have doubled 97 times before he was gathered to his fathers. However it is probable the old gentleman did not have a dollar when he was born, and besides had no place to lend it. At that time so far as is known the Jews had not invented interest, for they are credited with the system. The German-American diplomatic crisis is not so acute today. We are not going to war with Germany, or any other countrv. RippHnSRhijmGS 1 A Walt Mctfon mi SOME PREPAREDNESS (Oregon City Enterprise.') The Salem Capital Journal, which is given to the promotion of worthy causes most of the time, observes that "while those blue print wnriors are drawing plans showing how any old nation can land a half million or more troops on our shores in a couple of weeks, they entirely ignore the 'fact that we have a navy about efpial to any except Eng land's. They assume mat tye would be doing nothing all the, time and just wailing for the foreigners who ever they were to get through. These same fellows were nearly scared into n duck fit when the'old Oregon made the trip around the Horn, lest some Spanish fishing smack should run across her nnd send her to the bottom. Vet when the lest came, the good old ship showed she was able to have whipped the whole Spanish navy as a breakfast job. Pre paredness is all right and perfectly proper, but the methods the big army and. bigger navy advocates are using to scare the public, into taking their ad vice is too much like a quack doctor who frightens folks into taking his nos trums by pieturing ull kinds of suffer ing and death from a stubbed toe or an ingrowing nail." It is a pleasing change from the ordi nary editorial preparedness talk to read a paragraph, such us this one taken front the Salem Journal. A few of tile people of the country now are yelling at the top of their voices for the big gest army, the biggest navy and the greatest military program on the face of the earlh. Some of the voices are inspired, probably, by munition milkers, while other may be yelling just because of the hysteria. Many of the great dailies and scores of magazines have taken up the cry, along with certain member; of congress anil manufacturers of shells and war supplies, are now firm advocates of military plans that would equal Ger many, The masses of the people, however, do not want to see this country get in the group of war-mad nations. They are not opposed to preparedness, rational pre paredness, which, in fact, is only effici ency applied to present army and navy appropriations, mind you. but they do not want conscription, an army of three million men. the biggest-navy on ea'dh or any other of the features of the ad vanced military plans which have been urged by professional war men. LADD & BUSH, Bankers Established 1SGS CAPITAL $300,000.00 Transact a General Banking Business Safety Dcpesit Boxes v SAVINGS DEPARTMENT THE POOR LISTENER I sit in the grocery store, discoursing of current events, each eve, when my labors are o'er, with other in-j dustrious gents. We talk of the scrapping in France, dis cuss the high prices of hay, and each gives the others aj chance to say what they suffer to say. When i Johnson unhmbers his jaws, we listen politely to him; when Jimpson stands up fon his cause, we cheer his remarks with a vim. I There's peace in that grocery store, each I orator feels at his best, till Kickshaw, the! champion bore, comes in to take part in the I fest. This man, with his head full of i wheels, too oft in our presence has sinned: fi ' J he wants to make all of the spiels to furnish ; UQkj the bulk of the wind. That's why we oldj leuows arose, last nignt, at tue grocery store, and lifted that chump with our toes, and hoisted him clear through the door. Free speech is a blessing to men, without it no race can advance: but talkers should pause now and then, and give other fellows a chance. COMPANY MUST PAY - V '-v- V', f PRESIDENT HAS A COLD 9 2H Three Things to Ask About Your Bank: Is it a safe, conservatively man aged institution? Will it take an interest in me, as a depositor? Will it give me financial support when I need it, and when I have proved myself worthy of it? This Bank owes its success largely to the way it has met these requirements. Its officers will be glad to meet in person any who desire to know to what extent it can assist them in their finan cial development. UNITED STATES NATIONAL BANK Member Federal Reserve Banks, , Salem, Oregon 1 .wmti Roosevelt wants the nation to do something heroic and the people may be in that frame of mind, but to ask them to elect the.colonel president would exhibit more a spirit of dare-'devilshness than heroism. Washington, April 10. For lack of jurisdiction lite l'nite.1 States supreme court today dis missed the ease in which it was asked to decide whether the city of St. Louis had a ri;;ht to tax each cash fare paid street nilwnys. The city Wiyi in a lower court and the railways were ordered to pay t-.oOOjOOO back taxes. Washinuton. April 10 President Wil son, suffering from H troublesome cold, cancelled his em:.i;emoiits for today and remni'ied secluded in the White House. Tie cold was contracted Fri day. T.ad weather forced him quick-f ij to return trom a cruise on the Po tomac in his yacht, the Mavt'lower. by which he hoped to throw off the slight illness. Me is reported improving. Try Capital Journal Want Ads. C AN you recommend me a cigar I can depend on? Yes, sir. How much will it cost me? Five cents. What! Only a nickel? What cigar is it ? . , The OWL, the Million Dollar Cigar. It has a full, mellow flavor, be cause every OWL leaf is cured 13 months or more before it is put into a cigar. It burns evenly, because every OWL is made by the same careful hand-workmanship and from long leaf filler. And there isn't a better cigar shape than the free-drawing, square-end OWL. But the real smoke-beauty of the OWL is inside. -Have one, sir? felB:-' The Million Dollar Cigar M. A. GUNST iS, CO. INCORPORATED ' t 4? i 1