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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (Dec. 21, 1917)
FIVE THE DAILY CAPITAL JOURNAL, SALEM, OREGON, FRIDAY, DEC, 21, 1917. n t And if you don't want to be disappointed about that Christmas Dinner, you had better see us at once. We also are listing a few articles suitable for Christmas Gifts. ONLY TWO MORE npp eroFe Liiins D o ays HERE ARE A FEW OF OUR PRICES Fancy Dress Shirts ; .$1.25 President Suspenders, in fancy lithographed box 50c Neckties, -in Xmas boxes 25c and 50c ' Ladies' and Men's Hose, nice line 10c up Ladies' and Men's Handkerchiefs ....... .10c to 25c Men's $3.50 Hats $2.50 Nice line Men's Gloves ...... 75c to $3.25 Guernsey Casseroles : $1.50 Cedar Mop with bottle of polish 49c Rolled Oats, 4 pounds 25c Black Pepper, pound . 35c Soda, 6 pounds . . . . ,25c Crystal White Soap, bar 5c Glycerine Toilet Soap, bar 5c Many other Soaps, bar 5c Nuts and Candies of the best grades, per pound 25c Apples, per box 50c to $1.50 Royal Club Coffee, 3 pound can 95c "Our Pride" Coffee, 30c seller 25c Onions, best quality, per sack, per pound .... .3 l-4c Spuds, per sack Vzc lb. Nice line paint, floor and vegetable brushes. Remember, we carry in bulk Cedar Polish, Neats-foot Oil, Eureka Harness Oil, Cream Separator Oil, Sewing Machine Oil, Automobile Cylinder Oil and Zerolene, Heavy Callol Castor Machine Oil, Cup Grease, Axle Grease, Turpentine, Linseed Oil, Denatured Alcohol, Also all kinds of Sherwin-Williams Paints, Var nishes, Japalac, Varnolac, Japalac, and Floorolac, Marnot. These paints and varnishes, also patent medi cines, must go as haven't room to carry them. , We want your produce ihe farmers, hlme m Quality 270 N. Commercial Street. A. W. SCKRUNX Phone 721 i ope: forum $ Wall Street Despondent Over Lack of Buying New York, Doc. 21. Another week cd. Italy is actively resisting a tre- of disappointment has passed over the financial district. Growing pessimism is a conspicuous fact, as is the consequent lack of buyers. That there is ft very considerable buying power in existence despite the tremendous absorption of inouey by the government, is conceded; but it is easily offset by the persistent outpouring of stocks. Public opinion, for the time being at least, has given up hope of ai early ending of the war. 1hi8 explains the depression in part. Beports that the Germans are preparing tor another big drive at the western front added to the prevailing discourag nient; although the belief in hopeful mendous attack. Bussia is in the throes of civil strife. Spain and PorJugJl are both endangered by the fires raging against them, while all the neutral coun tries are more or less in danger of be ing drawn into the conflagration. In the United States the war clouds are growing thicker and thicker. The storm is hero, though not yet raging in full force. As our young men depart in in creasing numbers for "over there", we grow more and more serious; and our appreciation of the great cause, and j their supreme sacrifice, becomes deep- !ef and stronger. When the casualty lists ' come back, we will feel" more keenly circles was that the enemy was engag- j the price required to make Uiis a better "ed in one of the final desperate efforts and freer world, if not for ourselves, jto drive the allies back before Amer- for thoe who come after. No wonder Jean armies, arrive in France. we become solemn, serious and disap- At the moment the war is growing pointed. But there should be no yield in intensity rather than diminishing, jing to this discouragment, and no (Germany's activities are certainly in-j gloom. Victory is certain, provided we Ssreasing, presumably with a view of 'carry on" our part with unflinching piaking a supremo effort. Britain's hope and courage, (drive against Cambrai has been check-1 With the opening of congress the railroad question has become a problem demanding prompt solution. At this writing, the outlook is for nation-wido government control through present ex ecutives and some form of government financial aid. Such is believed to bo President Wilson's preference; al though not a few impartial judges be lieve that unit operation under a pool ing system and gpvernment guarantee of interest on required new capital would be the best alternative for all parties. The president's plan, whatever its scope, may be adopted because of his extraordinary sway over congress. It would at least have this advantage; that it would postpone the discussion of government ownership indefinitely, or until after the war, when calm con sideration would be more possible than now. Private operation under govern ment regulation is a much safer meth od than thrusting further heavy res ponsibilities upon a government already overlooked with problems and creaking under war burdens. The plight or the railroads is more desperate than gener ullv recoernized, which of courso, ex plains the heavy selling of the last few weeks. It transpired berore tne inter state Commerce Commission's hearings not include increased taxes, higher in terest rates or present excessive deprs ciation. The Interstate Commerce Com mission has already granted advances in some sections aggregating about 000,000; which, with other advances in prospect, will still leave a shortage of Ji 23,000,000 to be made up. lTpon these figures it is evident that the railroads will be obliged to ask for mucli more than 15 per cent, especially m expenses promise to increase rather tiir.u '..eerease. Labor and materials atone are costing the railroads today 25 per cent to 30 per cent more than a year ago. Stock market weakness was quite n pronounced in the industrials as amc:i; the. railroads. The fall in the industrial uU3t be partly due to exaggerated ap prehensions. That price fixing and gov ernment regulation would slop profit eering was known long ago. That in creased expenses and heavy taxes would cut deep into profits were equally rec ognized. That prolongation of the war would force general economy, restrict consumption, absorb the country's earn ings, check new enterprise and keep commodities on a high level were also matters of common knowledge. When it that the expenses of the eastern roads Us remembered that the industrials never arc running at the rate or i:s,uuiyjuu ahead of last year; $103,000,000 of this being for labor, $86,000,000 for fuel and $89,000,000 for materials. This growth in expenses of $278,000,000 doe TODAY JOIN THE RED CROSS TODAY MADGE KENNEDY And Her Eyes And Her Smile in Edgar Seiwyn's Famous Stage success NEARLY MARRIED 3 DAYS ONLY The Story of an Almost Bride and a Not-Quite Bridegroom The Story of a Road-House where they serve nothing but Chicken Be There Early It's Great LIBERTY Quality Service fully reflected the effect of war pro fits and were never unduly inflated, it would seem as if the recent decline had about discounted changed positions. There has been comparatively little war inflation of securities in this market 1iigh prices having been chiefly con fined to commodities. I'et the shrink age of values in the United States, which has benefited more than any other country by the war, has been far heavier than in Great Britain, which suffered much and gained nothing thuB far from tho purely economic stand point. Money, both call and time, continues firm. There is no lack of loanable funds, but bankers are discriminating sharp ly as to both size and character of bor rowers. A feature of note is the new departure of the government in making reasonable advances on contracts, unm recently responsible firms had difficulty in starting new contracts, and financial aid was necessarily sought from bank ers. The British government on tho other hand has been liberal in its advances to good parties from the start, and our government will probably now do like wise. Tho bond market continues ne glected. Its depression was, of course, due to the war, to the advance in inter est rates and consilient readjustment. Libertv bond3 dispalyed growing ac tivity and some slight weakness, owing to expectations of another isue early in 191S on possibly a 4 1-2 per cent basis. Foreign government , issues also weak ened under Germnn successes and fear of prolongation of the war. It is a fair question whether the "Strept" is not undulv pessimistic. Feeling is very apt to run to extremes I find the present wave in some respects j is going beyond reason, so fnr as pre jscnt conditions can be ?en. Thoso'who i have surrendered position and future for sake of country and ew to the i front are not pessimistic Why should those left bobind, who have made the j smallest sacrifice, be the darkest pessim- istsf The United States has actually mf fered less than any of the belligerents. It is still prosperous and busy supply jing food and munitions to its allies for which it is generously paid. We are continent ox u-mrv, bum n. o also when peace comes. WliT then this excessive gloom in the financial dis trict about temporary influences and setbacks! HENRY CLEWS. Mae Murray is now a regular auth or with typewriter and everything. That 9,000 Salary Offer. To the Editor: You deserve the thanks of an abused citizenship for your exposure of tho ruse and concocted scheme of the state school trust to further pirate upon tho public. And yet we must not forget the dis tinguished services of President Kerr as politician in furtherance of graft. Only last winter a bill was Introduced into the legislature to reduce President Kerr's $7,000 salary. Acting t Sen ator Ilawley actively opposed it ' and it was sidetracked. When I ex posed the fact that Ilawley was not a legal member of the legislature and was ineligible to become a member at the 1914 state election, chaperoned by President Kerr ($7,000) Ilawley slyly resigned the office and salary that had disqualified him at tho election. Then at adjournment of the legislature Pres ident Kerr ($7,000) assembled at Port- , land five or six regents and re-elected j Ilawley to the salary that had dis- qualified Mm. This act of $7,000 Pres ident Korr was an admission that j Hawley was not a member. Now there is talk of an extra session of the legis lature and in which event this $7,000 Kerr will of course direct Hawley ti again quietly resign and loose a month's salary end then he will again assemble these five or six pliublo regents and restore tho salary. And yet Chapman in his Oregon Voter says Kerr ($7,000) has kept out of politic. Don't that just kill yout jlou t the voters of the state know jthat "the state school trust goes out into tho cow counties and looks over land select's candidates for the legisla ture, circulates their petitions and 'conducts and finances their campaign for election and then when elected the school trust has only" to ask and to I direct their servants.. I And now the state normal is coming forward and asking an extension sys tem and like President Kerr ($7,000) ! load upon the state a horde of pro cessors (f) who can't pass an 8th Igrado examination and who may not kave attended a college or a normal ! but are demanded by scheeming poli ticians in their deals. But this $9,000 salary ruse and fake; this $30 per day and favored by such men as J. K. Wcathcrford plainly in dicates that he aspires to some elective office and is bidding for fuvor and Bupport of this political organization. Keep your eye on Weathcrford- Ikies Prc-si dent Kerr ($7,000) need another increase in salary ? Well at the time he came upon O." A. V. it was printed in tho press that he came from Utah; that he was a Mormon. Recently I have been told that in Utah he had 4 wives that in coming to O. A. C- ho sacrificed three of them, cut them out. Now if President Kerr ($7,000) pleads tho moral and human obligation end liberally contributes to support of these other three wives, perhaps $7,000 is not sufficient and therefore this $9,000 fake is justified by meeting th''S obligation. JAMES K. SEARS, Citizen Tax Payer. Light a Pipe for Our Boys urihe Trenches BRITISH SOLDIERS HAVE THEIR PIPES KEPT FILLED BY THB FOLKS AT HOKE THB FRENCH "POE0US" NEVER WANT FOE A SMOKE THEIB FRIENDS AES ON THE JOB NOW THAT AMERICANS ARE IN FRANCE, IT'S UP TO US TO SHE THAT THW HAVE THEIB TOBACCO i T:rr, ."",: &i mil fa" i NAT it WJILLS KILLED Nat ! Wills, "Tho Happy Tramp," is dead. Death came to him in kindly but tragic fashion when he was asphyxi ated in his garage at Woodcliff-on-Hudson, N. J., by the exhaust from his car. The comedian, whose untime ly fate will be mourned by thousands, was attempting to perforin one of those acts of charity for which he was not ed, as the car was to take him to a sol diers' benefit at tho iew York Uippo-drm. New Bocks Received at Public Library Tho week 's new books are as fol lows: "Trenrh warfare", Smith. This is a description of the construction of trenches and the warfare that is car ried on in tliem, written by a second lieutenant in the British forces- "My lady of the chimney coiner," Irvine. The interesting story of a no man of poorer class in England, writ ten with nice appreciation by her son. A simple but unusual biography. "r.astern stories and leg. 'mis." r-hed Ccnis Will Send a Big Package of Macco to our Boys in Frap.ce Through the Capital Journal Tobacco Fund We have made arrangements to have those Big Packages Bent direct from New York, and every quarter you give inoans enough smoke for a week for a soldier, who Is requested to acknowledge receipt of your gift to you personally on a stamped postcard luside tho package. Of conrso you won't stop at a quarter, Give what you can to this very worthy cause. TOUR MONEY WILL BUY TWICE A3 MUCH TOBACCO. THE CAPITAL JOURNAL PACKAGE CONTAINS TWICE THE VALUE YOU COULD OBTAIN IF YOU BOUGHT IT . Y0UR33LF. Prominent Magazines and Newspapers are back of this movement. The Wax and Navy departments nave endorsed It. FOR THE "TEDDIES" IN THE TRENCHES AND THB "JACKIES" WITH THE FLEET, YOU'LL SURELY NOT BEGRUDGE SOME "DOUGH" TO GIVE THIS LITTLE TREAT. Leave The Money at the Journal Office THE CAPITAL JOURNAL, SALEM, OREGON In accordance with your offer to send popular brands of tobaccos and cig orettes to onr soldiers in Europe in units of 50c packages, each for 25c, I en close $ and will thank you to send the kinds I have marked be low and enclose in each package a stamped return post card addressed to in end comprising: 2 Packages of Lucky Strike Cigarettes, Retail at 3 Packages of Bull Durkam Cigarettes. Retail at 3 Bcoks Bull Durham Cigarette Papers 1 Tin of Tuxedo Tobacco, Retail at . 4 Books cf Tuxodo Cigarette Papers 20o 15o ..10c 45o (Your Name) (Street Address) (Cltr and State) 5 if ir i J Qrl. .. -vf Jfc Invalids "".T. Vi Cl YOU tji Pnc mmi wAtir m pay1 A Notritious Diet for AH Ages. Eaep Horlick's Always on Hand Quick Lunch; Homo cr CfEca, lock. A new group of stories from In dia for the children. Other titles: "Further foolishness" Leacoclc; "Our Naupski neighbors," Minitcr. Tiie principal addition to the library this we:!:, however, is a rroup of pam phlets on tho use of fooiis. Home are from the department of agriculture, some from O. A. C. They are prepared for circulation to those who may not have copies. -If every housewife will carefully read, study and put into ev eryday use at once the siiKestitins to he found in such material she will n.r only be helping to reduce the high cost of living for her family, but she will be rendering a distinct patriotic ser vice to her country at this tijue. Tho following titles are included: "How to select foods" "Pood value of corn and corn prod ucts. ' ' " I'ood for younsr children." "Ten lessens on food conservation " by V. S. food administration. "Meats: corcposition and cooking. " "Preparation oi' cgctablcs fur tho table." i "The use of milk as food." "Economical use t meat in the home." "Mutton and its value iu the diet.'' "Moat substitutes." - J? " yy,'. ,r,.iw, -i :- i'cJli Our Ifanl Ms arc the Dait that catch the Big Fish Results Try one Ja to-znorrovs paper JOURNAL WANT ADS PAY JOURNAL WA!IT ADS PAY
