Daily capital journal. (Salem, Or.) 1903-1919, October 11, 1917, Page FIVE, Image 5

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    THE DAILY CAPITAL JOURNAL, SALEM, OREGON. THURSDAY, OCT.. it, 1917.
FIVE
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vim The 2oody that
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'fWrtW for children-
'Wf hfif helpful to all ages; '
MX "Hf I iflN It, massages and
Wii sTrenatnens tne
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:;V-. -5
merica Will Emerge From
War in Splendid Condition
New York, October 6. 91. Liquida- cd so great a part o their physical and
tion, representing to ome extent pre- financial strength. This is a handicap
paiations for subscriptions to the new that they hardly may be expected to
Liberty bond offering, has this week in-1 overcome for some time after peace
fluenced btill further depression in the shall have been arranged. In the meau
general price level of securities. An ad- time our business men will continue
cled inflneneo appears in the form of the keen competition to retain the ad
the final steps in the enactment of the .vantages that have beeu thrown in their
new War Hevemio bill, through which way during the fore part of the strug
there has developed a more general and gle. Our government has entered upon
popular appreciation of the financial shipping plans that will mean that when
ouruens mat must te Dome in order the war ends we shall see the Amer-
to assure a prompt and victorious ssc- ican flag in all the great ports of the
tlement of the war. With the large taxes world and on the seven seas. We have
provided in the new law umiu excess in recent years entered manv new nmr.
profits and upon war profits, and with kets and have had the ounortunitv of
i. s l. . I.1 J
tui tuuiiii'jit ui inc proms wiueu liurouucmg American goods. These ad
necessarily must accompany the govern- vantages we shall in large measure re
Hicui, s pian lor price lixiug, it is ae- Tain.
sirable to recognize frankly that tho Railroads Prospering.
era or remaiauie revenues our great . view in this light there does not ap
industrial plants enjoyed before we be- pear full justification for the whole
came a participant in the war is n t sale liquidation that has recently oc
likely to indefinitely continue. Nevir- curred in tho securities of some of the
the less our manufacturers are- assured best known of our railroad Bvsteins. The
-Ji - 1 - 1 .!!... A , , ..... .
oi a Bteviv uusiiiess, Bumcieni ui Keep transportation lines are carrying mer
incir piuina running unucr xuu prensure ciianuise to tne lull measure of their
equipment. The increase iu the cost of
labor and the even greater expansion
in tnat no materials necessary for oper
ation and equipment and improvements
have entered as a factor in cutt'n dowii
the net profits. However, there should
in the near future be at least some
change of a favorable character both in
the matter of expenditures and receipts.
The government's reduction in the
prices of materials, as already I have
intimated, will aid on the one hand.
On. the other, hand the fact that the
roads are beginning to benefit by the iu
creased rates recently authorized by he
interstate commerce commission also
will aid. It would be in line with the
more recent liberal attitude of the gov
ernmcnt toward business affairs if fur
ther increases in transportation rates
should be authorized. The government's
price policy in the instances of steel,
iron, copper, etc., admittedly has been
liberal. The extension of the same pol
icy to the railroads would, I believe,
do much to influence a successful nc
gotiation of the present crisis that has
so naturally followed our entrance into
the war.
HENBY CLEWS.
IiATEST BRITISH ADVANCE ON WEST FRONT Most of the points indicated
along the line of the new drive are well over the series o fheights running north and
south to the east of Ypres.
and at prices that still are profitable.
About Fixed Prices.
The establishment of fixed prices con
ti'is of course the possibility of bene
fits ae. well as disappointments. It meant
that domestic orders those of a nou
war character now may be executed.
Construction in various directions n.ay
proceca cn n reasonably safe basis. Tift
a to 'ja7, industrial and otner enter
prises which prudently declined to un
dertake new extensions when it was
reasonably certain that cheaper basic
materials would soon bo available now
will feel they can proceed without this
anticipated loss of capital. But with
the present high scales of wages in in
dustrial circles, and with the admitted
prosperity in the agricultural sections,
there seems no reason to believe that
we are to experience in the immediate
future any substantial reaction in do
mestic business. Another phase of the
price-fixing problem concerns the rail
ways, which are among the largest con
sumers of many of the articles upon
which the government has established
arbitrary figures. The reduction in the
price of coal must, for instance, involve
a substantial curtailment in the operat
ing costs of tho transportation lines. .
Coal, Iron and Steel.
So. too. the reduction in quotations
for copper, and especially for iron and'
steel products, ot which tne railroads
are, as is well known, by far the Jar
gest domestic purchasers. It is estimat
ed, for example, that in the year 1918
the purchases of iron and steel 101 ac
count of our own government and for
that of our r.'bes will not much exceed
7,000,000 tons. This will leave about :'6,
000,000 tons for home consumption, con
tracts involving which may be phced
on the same teims as are available to
the government. This situation applies
in measurable degree also to copper.
Hence the reduction in prices of mater-.
ials can well provide greater confidence
on the part ot important interests iden
tified with the development of home en
terprises. Witiiia the last few weeks es
pecially there has been a noticeable re
duction in the creation of new e.itor.
prises. In Sef tember the total incorpor
ations in thi eastern states covering
concerns with an iudividual capita!'f
tion of 1 .000,000 or more aggregated
only ?02,u00 000, which compares witii
$382,1CU,000 ;n August and $416,300,000
in July.
Money Situation unsatisiaciory.
The eeneral mo'iev situation ma;' kcJ
reirardod as amor e tho most unsatisfac
tory o the immediate influences. Bonk
officers at this center are co-operating
with the federal reserve bank to pre
vent distressing strain during the per
iod that subscriptions to the new war
loan are being filed. A special commit
tee comprising these bank officers has
received pledges that a very largo sum
will be rjrovided (o- which' 200,000,-
000 is immediately available) to be loan
ed out at the committee s niscreuon n
nnPflnrl for the Tjuroose of stabilizing
the monev position. It is expected mat
by this means the credit resources of the
federal reserve DanK win ie iimiiu avail
able as needed. The announcement of
the committee's plans which was pub
lished early in the week was responsi
ble for an easier position for demand
loans. It is. in my opinion, however,
not an altogether adequate form of re
lief. If funds should be made available
for fixed maturities, if time money
should be freely obtainable for periods
of three mouths at, say, about a per cent
this would constitute a more direct
source of relief. It would carry over to
the New Year, thus enabling the success
ful negotiation of a period wnen tne
strain, even in more nearly normal
times, is usually such as to suggest cau
tion.
Ho Need of rear.
The almost unintcrnptcil decline in
quotations appears to be producing some
degree of unnecessary nervousness.
While our government is requiring such
large sums fcr war purposes other fin
ancial requirements must, not unnatur
ally, be restricted correspondingly.
Washington has first call upon our fi
nancial facilities as well as upon the
products of our agricultural, industrial
and other activities. That such is the
case no one will complain in view of the
great crisis. But it is not necessary to
lose our mental grasp of the situation
and become frightened at prospects that
do not in fact exist. The material bene
fits that are to accompany this war
hardly can be exaggerated. In the long
run they cannot fail to appear in a
very practical way through securities of
the corporations whicn are so ciosciy
identified with our country 'a activities.
Will Come Out All Bight
We are to emerge from the struggle in
a far more prosperous condition than
any of the other grpat nations whose
participation antedated our own by
nearly three vears. In that long period
our manufacturers, our farmers and all
other American interests enjoyed a per
iod of entirely unexampled prosperity.
Our industrial plants were tuned np to
the highest pitch of efficiency, our la
bor had attained the highest degree of
skill in the various departments of man
ufacturing. Therefore, regardles of the
further duration of the war, we as a
nation will enjoy the advantage of hav
ing entered after our allies bad expend-
GREAT SHOW GIVEN
AT OREGONSTATE
PRISON BY INMATES
Big Crowd Attends and Red
Cross Will Receive About
$150Jet
It is said that the uniform makes
the soldier and that the costume makes
the actor. .. -
Last night at the Oregon stato pen
itentiary, as tho curtain rose, it was
hard to realize that the show was being
given behind iron bars and that about
two dozen alert guards were strictly
on the job to seo that the actors re
turned to their proper quarters at tho
close of the cnertainment. "'
For in every respect the show was
so good and the men bo little resembled
what one would naturally expect to
see boarding at the stato expense, that
there was a disposition to almost for
get surroundings. It was a good show,
not from the novelty of the situation,
Dut rrom tne tact that the actors and
specialty men were far better than
those often seen on the professional
stage, whero instead of trusty guards
are immature boys and girls selling
candy asd prize packages.
"Tho Merry Monarchs of Minstrel
sy" were under the personal direction
of Jack Gordon, who demonstrated
that perhaps some time when he real
ly wants a sure enough job, there
should be one waiting for him in the
show business.
Julius Ward, who sang "The Man
Behind the Hammer and the Plow"
aiso nas tne talent to hold cown a
regular engagement on a vaudeville
circuit sometime, out not just now.
And the same may bo said of Fred
Taylor whose song "Borrow from
Me" and his confidential Btory of tho
leading actors caught the fancy of the
crowd, we seems to be lett over irom
the old Haverly minstrels days and is
a lot more interesting than many of
the vaudeville stars seem in Portland.
James DuMonte, the Belgian, would
pass for an artist anywhere. He paint
ed all the scenery and then showed ad
ditional talent by reciting "That Old
Sweetheart of Mine" according to
true profcsional ethics. He also seems
to have talent enough to hold down
a real job, sometime.
Others who deserve credit for the
best entertainment ever given at the
Oreiron state penitentiary are Oscar
Johnson, stage manager; Charles Healy
who had the big job of costuming and
the electrician, Thomas Higginbothsm,
who handled the lights according to
the latest lighting effects.
The paid admissions number 617. As
there was considerable expense in
making costumes and other incidentals
which always run into money, the Red
Cross will probably receive about $l"i0.
As the entertainment was so entire
ly satisfactory in every way, it is
probable that an effort will be made
to have it given again next month
for the Red Cross- The principals all
have several extra songs on hand and
doubtless they would be glad again to
give the services of all for the benefit
of the Red Cross.
And adding greatly to the entertain
ment was the effective work of the
i SEED. GEAENi
i -.. .
Fall and Winter Seed Grain te becoming very ;
scarce and if you are going to need any would ad- X
vise an early purchase.
We can still supply several varieties of Winter I
Wheat, Recleaned Fall Oats, Vetch Seed, Fall Rye, X
etc. Also, complete 'stock of Clover, Timothy and
Grass Seeds. Mail orders given prompt attention, t
You will always find our prices right. t
MILL FEED !
Can now supply Mill Feed in any quantity at low
est market prices.
D. A. WHITE & SONS
255 State St Phone 160. Salem, Oregon
Send
On Smokes "
Ml
.A
' r -
You know how glad you are to get
back to "your own brand" after
you've tried some other kind of a
smoke, or when you couldn't get your
favorite one.
Our boys in France arc having a
hard timo trying to get any satisfac
tion out of French tobacco. There's
plenty of it, but somehow, their smoke
palate rebels at the new flavor. They
want, most of nil, tho old, familiar
brands of pipe tobacco and "ninkin'B"
and the cigarettes they used to have
at home.
That's why you hear the new "8.
O. 8." from the front Send On
Sfliokes. They want the good, old Am
erican kind that rolls over the tongue
u ml just touches tho spot.
Wo 've made it easy for you to ans
wer some soldier's "8. I). 8." The
French government, this government
and the Hed Cross arc all co-oprratin(
in a plan whereby you may send twen
ty five cents to this newspaper and a
generous- Tobacco .Kit far more than
you actually pay for goes forward at
once and is received, duty free, aerof-i
the ocean.
More than that, each Kit contains
a stamped return postal card whkh
the recipient may use to send you a
message, from tho front- lit is ad
dressed to the donor and will t"nto
right back to you from tho man who
is having his smokes "on you."
Despond etey
When vou, feel discouraged and de
spondent do not give up but take a
dose of Chamberlain's Tablets and you
are almost certain to feel all right
within a day or two. Despondency is
often due to indigestion and bil
iousness, for which these tabids are
specially valuable. Obtainable every
where.
orchestra, assisted by local talent and
under the direction of A. E. Clark. As
one prominent business man said, it
was tho best 50 cent show ever given
in the city.
GIRLS! HAVE WAVY,
THICK, GLOSSY HAIR
FREE EROM DANDRUFF
4
25 -cent Bottle Destroys
Dandruff and Doubles
Beauty of Your Hair
Within ten minutes after an arpli
cation of lai:derine you can not find a
single trace of dandruff or falling hair
and your scalp will not itch, but what
will please you most will be after a
few weeks' use, when you see new hair
fine and downy at first yes but real
ly new hair growing all over the
scalp.
A littlo Danderine immediately dou-!
bles tho beauty of your hair. No dif
ference how dull, faded, brittle and
scraggy, just moisten a cloth with Dan-
lenne and carefully draw it througn
your hair, taking one small strand at
a time. The effect is amazing your
hair will be liht, fluffy and wavy,
and have an appearance of abundance:
an incomparable lustre, softness and
luxuriance.
(Jet a 25 cent bottle of Knowlton's
Danderine from any drug store or toi
let counter, and prove that your hair is
as pretty and soft as any that it has
been neglected or injured by careless
treatment that's all you surely can
have beautiful hair and lots of it if
you will just try a little Danderine.
"Vengeanee is mine, saith the Lord"
Well, if it does the Lord as much good
to take vengeance as it would some
of us who haven't anv way of taking it
here's envying him. ITowcver, there is
the Liberty bond way.
Instant Action
Surprises Many Here
This grocer's story surprises local
people: "I had bad stomach trouble.
All lood seemed to sour and form gas.
Was always constipated. Nothing help
ed until 1 tried buckthorn bark, glycer
inec, etc., as mixed in Adler-i ka. ONK
81tM)NFllL astonished me with it's
INSTANT action." liecause Adler-i-ka
flushes the KNTIUK alimentary
tract it relieves ANY CASK constipa
tion, sour stomach or gas and prevents
appendicitis. It has Ql'M'KTST nc'ion
of anything we ever sold. J. C. Perry, "
druggist.
Reduce Your Fat
Without Dieting
Years ago the formula for fat re
duction was "diet" "exercise. " To
day it-is "Tako Marmola Prescription
Tablets." Friends tell friends doctors
tell their pntieuts, until thousands
know ami use this convenient, harm
less method. They eat what they like,
live as they like, and still lose their
two, three or four pounds of fat a
week. Himple, effective, harmless Mar
mola Prescription Tablets are sold by
all druggists a large case for 7.1c. Or
if yon prefer you may write direct to
the ilnrmola Company. So4 Woodward
Ave., Detroit, Alich.
The good old IT. 8. A. doesa 't seem
like the samo old place, with no congress.
How Catarrh is Contracted
Mothers are sometimes so thoughtless
ss to neglect the colds which their
children contract. The inflammation of
tho mucus membrane, at first acute,
becomes chronic and the child has
chronic catarrh, a disease that is sel
dom cured and that may prove a life's
burden. Many persons who have this
loathsome disease will remember hay
ing had frequent colds at the time it
was contracted. A littlo forethought, a
bottle ' Chamberlain s ough liemc.tv
judiciously used, and all this trouble
might have been avoided. Obtuiuabla
everywhere.