Daily capital journal., August 15, 1917, Page THREE, Image 3

THE DAILY CAPITAL JODRNAC, SALEM, OREGON, WEDNESDAY, AUG. 15, 1917.
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ECONOMY
BASEMENT
SPECIALS
FOR 98c
House Dresses, values to $1.50,
now ......... ......... 98c
Gingham Skirts, long, value to
$1.25, now 98c
Corsets 98c
Children's Dresses 98c
Night Gowns, values to $1.25,
now . ... 98c
Sateen Petticoats ............ 98c
FOR 89c
House Dresses, values to $1.10,
now 1 89c
Middies, values to $1.10, now 89c
Night Gowns, values to $1.10,
now 89c
FOR 59c
Corsets for 59c
Middies, all sizes, for 59c
Ladies' Night Gowns, values to
85c, for ..59c
Men's Night Shirts,- values to
75c, for 59c
FOR 49c
Ladies' Short Sleeve Union Suits
for 49c
Sateen Petticoats f or 49c
FOR 48c
Sheets, 72x90, for ., .48c
Brassieres for 48c
FOR 34c
Ladies' Summer Union Suits,
values to 45c, now 34c
M
n
FOR 75c
White Lingerie Waists, very -pretty
75c
Large Aprons, long sleeves, for 75c
Sheets, 72x90, wonderful values,
now 75c
Children's Wash Suits for . . . .75c
FOR 69c
Children's Wash Suits for ... . 69c
Men's Night Shirts for 69c
Ladies' Muslin Gowns for 69c
Sateen Petticoats for .69c
FOR 24c
Ladies' Summer Union Suits,
values to 35c. now 24c
FOR 22c and 32c
Women's Muslin Drawers
22c and 32c Pair
FOR 8c. 12c. 16c
Children's Muslin Drawers
FOR 9c and 14c
Women's Knit Vests
FOR $1.15
Women's Breakfast Sets for '$1.15
FOR 10c. 15c. 25c. 50c
Very large assortment of
STRAW HATS
Men's Two-piece Underwear,
values to 50c, now 25c
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SHOES SHOES
Men's Shoes, heavy and
light weight, broken
lines $1.95
Men's Shoes, values to
$4.00 $2.65
Men's Shoes, values to
$5.00 $2.95
Boys' Shoes and Ox
fords, 95c, $1.95, $2.95
and $3.15.
Misses' and Children s
Shoes, $1.45, $1.65
and $1.95.
This is the Wonder
Basement for Shoes.
Come in and inspect the
values.
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FOR 98c
Pongee Coats, values to $3.50, for children. . .98c
Women's Summer Dresses, values to. ,$10, now 98e
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ISSSSSSSSSaSSSSI'
MAIN FACTORS
(Continued from Page One.)
by war will stimulate business in.east
ern sections. A good cotton crop at
high prices must similarly affect the
south. Thus, for all sections of the
country, an active business is to be
reasonably expected for the coming fall
and winter. Of course, much unrest may
develop here and there, owing to un-
1.1.1. Jn.nnmnnf a AOIiaPfl hv the
RVOlUHine ueiwuri" s ---
war, also to disaffection in industries
and classes unfavorably affected by the
same cause.
Bank Situation Good.
Our banking situation is exceptional
ly satisfactorv, considering the vast
Btrain imposed upon our resources by
the war. The Liberty loan was suc
cessfully floated with scarcely a ripple.
It was the biggest financial transaction
in our historv, and yet made compara
tively little impression upon either
loans or discounts. Another instalment
will probably be issued within a couple
of months. Terms are already being dis
cussed, and. optimistic opinions as to its
success are universal. There is an abun
dance of money to invest, and the prob
abilities are that the second loan will b
even more liberally subscribed for than
the first. Many buyers who were too
timid to avail themselves of the first
offer will act upon the second. Savings
banks have sdapted themselves to the
changed situation, and will be more
ready to -co-operate on the second loan
than" at the time of the first offering,
when there was justly some fear of de
positors withdrawing their funds too
freely. This fear has since disappeared.
ir 111 1. .. t 1 :La.Hr . iH (( a
juany TV r ill i ii v duiiib i ' uiu'i.' -J
who only received one-fifth of their
bids will also be liberal buyers, so the
new loan is assured of a large initial
demand. Interest in the war has also
deepened considerably during the past
month,' and this will be helpful.
The outlook of the market is some
what confused by numerous cross cur
rents. As shown above, the agricultur
al and industrial interests of the coun
try are sure of a season of great pros
perity, which will be reflected in all
the distributive branches of trade. The
chief offsets are government regulation
of industry and trade and the diversion
of capital from new industrial develop
ments to war purposes. Some inconven
ience may be felt by the withdrawal of
labor for army purposes; but this on the
other hand will be offset by various
economies, by curtailing the production
of unnecessaries and by the introduc
tion of labor saving devices. As for
government icgulatiou of bsiness, that
should now be a factor of diminished
uncertainty. The limitations and meth
ods of such regulation are already
known. They are left largely at the
discretion of the President. He may or
may not exercise these powers. Thus
far, the administration has shown a")
deposition to use these powers wisely
and in moderation, and to prevent ex
cessive and unfair profits rawer tB.au
to prevent fairly liberal returns, which
are often justified by the necessities
and unusual risks created by war. Mid
summer quiet prevails at present, but
before very long activity should be up
on the ascending scale.
Very few industrials are actually sell
ing on the basis of war profits, United
States Steel, for instance, selling only
upon the basis of dividends aetualry
paid. Hence government restraint upon
profits through price fixing or taxation
of excess profits may not prove quite
as harmful as sometimes feared. It is
well also to remember that drastie re
duction of profits by the government
would lessen the taxes from excess pro
fits. Also that there are in Washing
ton today a large number of our ablest
business men serving the country pat
riotically and- without profit to them
selves. Their presence in Washingtoa
should be assuring, since they will bring
the government in close touch with big
business, thus avoiding misunderstand-
LONDON PAPERS GIVE
IDEA CfSENTIHfHT
Say Germany Wants Peace
Before Power of United
States Felt
London, Aug. 15. Germany is work
ing with all her power for peace before
lull weight of America can he
the
WHAT NEWSPAPERS -JAPAN'S AND AMERICA'S
thrown against her. This was the grow
ing belief in London today, following
overnight consideration of the peace
appeal of Pope Benedict.
A chorus of mingled surprise that His
Holiness should be so misinformed to
sentiment in allied countries, of firm
decision hot to accept his proposals
and of even derision rose today in edit
orials from the press.
"We are fighting for one thing, vic
tory of democracy over aggression,"
was the peace keynote from the govern
ment as voiced by "Lloyd-George in an
informal address.
Under the beading "the great peace
offensive" the Evening Standard this
afternoon says:
"It (the pope's appeal) shows that
Germany is working with might and
main to get peace before the full weight
of the United States is felt on the bat
tle field. The pope must be singular
ly ill-informed as to the state of publie
feeling among the allies.",
The Westminister Gazette deprecates
the hasty assumption that the pope 'si
appeal is tne result or German intrigue,
but points out the futility of such pro
posals so long as Germany approves of
the kaiser's declaration to former Am-
HAVE TO SAV ABOUT
POPEWE OFFER
General Opinion Is That Sug
gestion Is Mi-Timed and of
German Origin
Los Angeles Times; "When peace
comes it is likely to come
from the Vatican. No other
power is left in the wohld whose neu-
trality is sufficiently untainted by pre
judice to claim this privilege.
The world is not ready for peace. Not
quite yet. But the voice of the pope
has an agreeable sound."
Los Augelei Examiner: "The pope's
proposal or peace win etrcctively clear
the international atmosphere. It will
.compel the governments to let the peo
pies know what their war aims are."
Chicago Herald: "The papal appeal
to an belligerents to compose their dif
ferences on certain bases roughly out
lined gives uermany again the oppor
tunity tojoc concrete, which it has here
tofore so resolutely rejected."
St. Poul (Minn.) Pioneer rPess: "It
would bo premature to analyze the mea
gre terms of the Vatican's proposal even
to say that on their face they present
fair or unfair grounds. Every entente
nation, every people engaged in the war
against Prussian militarism will wait
for further developments before com
mitting itself in any respect."
Will Not Make Headway.
St. Louis Times: "We are frankly
of the opinion that the pope will not
make much headway at this time."
St. Louis Republic: "It is improbable
that the pope's peace proposals will be
found acceptable to either side."
Oakland Call-Tribune: "It is Ameri
ca's view as well as that of all her al
lies, that the war can only end and
permanent peace be secured by a deci
sive victory for the allied arms. At
present a Geiman victory, or German
peace with the return to the status
quo ante, is impossible to contemplate.
Pope Benedict's proposals are pretty
nearly, if not quite, equivalent to
German peace."
Denver Rocky Mountain News: "In
a ringing speech recently delivered by
Premier Lloyd-George in Scotland, the
following sentence appeared which met
an immediate response in this country
and in France: 'When they (the kaiser
and his council) shall have learned to
think and say restoration, then peace by
negotiations will be morally possible. '
If the Vatican in its note gave the same
interpretation to 'restoration' as did
Mr. George, and as has been done here,
there is peace within measurable dis
tance of possibility."
"It All Depends."
Des Moines Register: "The reception
of the popeVlettei will turn largely
'cm tha way. ho has'jftrrierimted and cap
italized disarmament and popular gov
ernment.' '
Seattle Star: "The people of the
world want peace, but they do not want
peace above safety.
"The suggestion of His Holiness,
Pope Benedict, prompted by the best of
motives, cannot be bluntly disregard
ed. On the other hand it cannot be
accepted if, sucking the status quo ante,
it fails thus to remove the cause of the
present war tragedy."
Tacoma Times: "There is one answer
and only one answer that Germany can
comprehend. Wo must make that ans
wer. It is an overwhelming air navy,
ships and more ships; effcient anti-submarine
devices; highly drilled and per
fectly equipped armies; money; brains,
and heavy artillery. Then we can talk
peace, real peace; peace that will lead
to the end of war."
S.P.
Someone Has Tampered With
Wires for Sixth Time
Recently
Is there some on trying to wreck
a Southern Pacific train in this city, or
is some one experimenting with the rail
road block system so that it can be
put out of order and trains endan
gered! This is tho question that has been
puzzling residents in the vicinity of Un
ion street who have been observing a
strange man prowling about the rail
road trestle just north of the city where
a branch of North Mill creek passes
under the track.
Borne one has been tampering with
the wires of the block signal system.
This much has been discovered by D.
C. Wallace, signal man, who found the
jumper wires of the block signal twist
ed up and over the top of the rail so
that the first train passing would cut
them in two and so sever the electrical
connection. v
This morning the wires were found in
this condition. It is the sixth time and
the work is laid at the hands of an un
known man who was seen prowling in
that neighborhood.
AIMS ARE IDENTICAL
. 1
Head of Japanese Commis
sion Denounces Submarine
Ruthlessness
A Pacific Port, Aug. 15. A plea to
America to .forget "the little molehills
that have been exaggerated to bar out
good relations," so that America and
Japan may "march together, work to
gether and fight together until the end
has been reached and tho victory won,"
was repeated by Viscount Kikujiro
Isliii, head of Japan's war mission to
America, at an address he delivered to
day during a dinner in honor of the
mission hore.
The plea first uttered by the vis
count at a banquet to the Japaneso mis
sion last night stirred tho five hund
red banqueters to a high pitch of en
thusiasm and brought a demonstration
of patriotism such as this city has sel
dom seen.
The ambassador denounced in un
measured terms the German submarino
policy and declared that "had the bar
barian not been rooted from his Or
iental bases, tho shuddering horror of
tho Atlantic and tho Mediterranean
would today be a grim reality in the
Pacific." He reiterated his often voic
ed message of good will and cheer and
asserted that in this struggle, the pur
poses, road and goal of the Japaneso
empire and the American republic are
identical.
The entertainment of the mission
continued today with an automobile
trip to points of interest in this vicin
ity, with a dinner at one of the west's
most prominent universities.
We Are Fighting for
Victory of Democracy
Over Aggression
On Summer Clothing
All This Week
We intend to close out our summer stock
9 Wot
is...
All this week at
Benjamin Brick's
The House That Guarantees Every Purchase
The House With a Conscience.
THE CORNER STORE STATE AND LIBERTY
London, Aug. 15. "We are fighting
for one thing, victory of democracy over
aggression," declared Premier Lloyd
George in an address today.
His utterance was regarded as espec
ially sgmticant in view or
proposals from the pope.
The premier was discussing the pro-1 was narrowly irregular, but
Prices of All Stocks
Generally Lower
gram of the labor party, when reference
to the aims of the allies was made but
the reiteration of the allied basis of
victory at this time was greeted as the
government's informal answer to the
pope,
New York, Aug. 15. Tho New York
Evening Sun financial review today
said;
Since the stock market was entirely
in tho hands of the professional trad-
the peace I ers there was today a movement to put
out new lines of shorts. The price list
whenever
it was possible for any trend to mani
fest itself it was downward. There
were exceptions such as tho shipping
shares, for instance, and at intervals
the steel issues, but whereas gains
were for the most part fractional, de-
Jjloyd-ueorge appeared at tho liberal i dines extended over a range of one to
war committee's luncheon to Premier , three and even four points.
Holman of New South Wales. Adding Bethlehem Steel stocks were again
to his statement of what England is!pshed downward on persistent reports
fighting for, he declared nothing in the of hcavy financing to be undertaken,
program of labor is attainable if the al-1 Tho motor stoci,s suffered losses,
lies should be beaten. I
especially General Motors and Max
well, under the influence of the atter
company's dividend action. There is a
disposition to view the pope's offer us
a Teutonic ."trial balloon" in all
respects fundamentally the same as
that sent up laBt year. ,
A somewhat firmer tone developed
in many industrials, including most of
the steel group, in the last hour under
tho influence presumably of the senato
resolution to give the president more
authority to handle the peace situation.
TBANK . ALLEY SKIPS.
Portland, Or., Aug. 14. Frank E.
Alley, former wealthy citizen of Rose
burg, Or., is a fugitive from Justice, it
became known here today. He is alleg
ed to have used the mails in fraudulent
ly locating pcrsong on the Oregon and
California grant lands. Federal officials
here said today they had been hunting
for Alley since Juno.
Our Cash and Carry Plan"
THE GOVERNMENT HAS ASKED THE MERCHANT TO MAINTAIN A
POLICY OF .
One Delivery a Day
WE ARE GOING A POINT FURTHER IN ELIMINATING
The Delivery System Entirely
WE NOT ONLY SUGGEST THAT YOU
ings and facilitating mutual aid and
fair play.
HEXBY CLEWS.
bassador Gerard that there is "no lon
ger anv international law."
The'Pall Mall Gazette asks: "What
security are the allies to receive of the
fulfillment of such terms mentioned by
the pope, o long as Germany retains
the power to break treaties and her long
series of crimes go unpunished! "
Characterizing the appeal as incom
parable folly, the Globe says:
"The foolish buzzings of the Vatican
will provoke nothing but laughter and
contempt."
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Hull
Pay Cash and Garry
the Goods Away
BUT WE GIVE YOU A 5 PER CENT DISCOUNT ON YOUR PURCHASE.
THIS MEANS IF YOU BUY $1.00 WORTH OF GOODS OF US WE RE
FUND YOU 5 CENTS OR PAY YOU FIVE CENTS FOR ACTING AS
YOUR OWN DELIVERYMAN. AND IN ADDITION TO THE ABOVE
REMEMBER
OUR PRICES ARE AS LOW AS ANY OTHER MERCHANT IN SALEM.
WHEN YOU TRADE WITH US YOU SAVE MONEY TWICE.
Aims' st
01 Or QUALITY
A. W. Schrunk
270 NORTH COMMERCIAL STREET 1
We Pay Top Prices Cash or Trade.
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PHONE 721
CASTOR I A
Fcr Infants and Children
In Use For Over 30 Years
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Children Cry
FOR FLETCHER'S
CASTOR! A
Children Cry
FOR FLETCHER'S
OASTORiA
Children Cry
FOR FLETCHER'S
CASTORIA
Always bears
the
Signature of