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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (March 29, 1919)
1 1 c i Editorial Page of The Capital Journal LhEII 1 Published Every Evening Except Sunday, Salem, Oregon. iter, would like very much to know the real situation, pres ent ana prospective. Are there any dependable experts?" Does anybody I know? If so. let us have an agreement of theories and 'facts. Address All Communicatioai To (Tljc SathiJiMtal Ilouraal ALEX 138 S. Commercial St. OREGON SUBSCRIPTION BATES Drily, by Carrier, per jnr 5.00 Per Month- Diiy by Mail, per year $100 Per Month.. 43e sr WORKING ON MOUNT HOOD LOOP. FILL LtAai.i) W1EK TKLKUKAI'li BEPUBT FOKEIGX BEPBE8ENTATIYES W. D. Ward. New York, Tribuno Building. W. H. rHockwelL Chicago, People' Oat Building fas Daily Capital Journal carrier boys are instructed to put the papers on the porch. If the carrier doei not do this, mines you, or negleeti getting the paper to you on time, kindly phone the circulation manager, ai this ii the only way w eaa determine whether or not the carriers are following instructions. Phone II before 7:30 o'clock end a paper will be sent you by special messenger if the srrier has missed yon. THE DAILY CAPITA!, JOURNAL Is the only newspaper in Salem whose circulation is guaranteed by the Audit Bureau 'Of Circulations THE PRICE PROBLEM. "Buy now!" (urge business men. "There's no use waiting for prices to come down, for they won't drop much jnyhow, and while you are waitinng, everybody may go broke, including the prospective purchasers." Expert economists and financiers have endorsed this appeal, explaining that there is a new "price level", and that while prices may drop somewhat in this or that in dustry, as a result of special conditions, there will be no return to pre-war rates, and that the general average will probably never be much lower than it is today. This advice sounds reasonable. But somehow, just as people are on the point of reconciling themselves to it, something always happens to make them dubious again. For example, after explaining voluminously that people who wanted to build might as well go ahead, be cause bbuilding prices were up to stay, the interests con trolling materials in some of the big cities suddenly made considerable cuts in price. It was done, obviously enough, to encourage building and start things. But it had the effect of making people say, "You see we told you so. Things are coming down." It has been the same, to a far greater degree, with iron and steel prices. Steel, as everybody knows, is fun damental. The reductions made in the schedule an nounced last week made a very big difference in the building industry and in a great many other industries. They do start activity in many lines, but they also con tribute to the expectation that prices in general will really go a good deal lower. Whether prices happen to be at any particular level is less important than whether they remain at that level. With prices stabilized, wages, interest and other business factors can be adjusted accordingly. , And the public, which is getting more and more confused about the mat- The Oregonian news columns cany the story that work will be commenced at once on the Mount Hood loop t and that it will be rushed. This is as we expected. The !road which it is proposed to construct and pave is 172 miles in length and is 95 per cent a scenic mountain high i way for tourist travel, connecting with the Columbia j highway, and comprising a part of Portland's scenic road system. This road will be closed half the year by the i heavy snows in the mountains, but-its promoters an nounce that it might be kept open to travel by the use of -1 fPL . J. . - Iff i. IT- 1 1 -11 snow piows. ine cost oi me xuount nooa loop win run into millions and once it is begun it will be finished in course of time, just as the Portland boosters stated before the hearing during the legislative session. It means a rat-hole into which the road money of Oregon will be paid for years for the benefit of Portland hotels and such other interests in that city as cater to tourist travel. Portland, while declaring loudly on all occasions she wants none of the road money spent in Multnomah coun ty (which is already fully payed) proceeds to take the lion's share for scenic and tourist routes along the Col umbia river and around Mount Hood and the commer cial roads of the state, except the Pacific highway, must be improved by the counties themselves or go without im provement. It is another case of Portland's selfishness retarding the growth and advancement of the state, and nothing else can be made out of it. t FIFTIETH ANNIVERSARY OF LADD & BUSH BANK f Saturday, March 29:a, is the fiftieth Iformed me, charged its depositors for anniversary of Ladd k Bush. Bankers. !safi keeping their funds. Its doors were first opened for buiuoss j Conditions were Luou;a!ous sail un on Monday, March lSiii). j favorable t0 the growth of banks, lu . Ithe matter of quality If our circula rs. :.. k. ........ .I-.;.- e o. i .....i J for ten year after Oregon became state, there was no bank in the citv. Sn-! tion wc were nut in harnionv with the rest of the country east of the Kockv I ... ' i . . -i . 'iiit-mitniiis which used depreciated pa- leiu merchants sent tneir deposits toi ... ' , , , Portland or Ntu Francisco in the Wells , "i .. . . i,i silver, soon protected by speeitic coo ....... - i . . , naci tans muiiug vfcuu contracts ior five cents each, and pavmeuts for goods , .. , ,, ., I . ' - IiaviniT.r in tnM. lion-over tht. KinitA were all made in gold, faere, was nil!,'. , , ,, , . such thing as exchange. Iut ho"ur w,h,K.,mo', f It was varlv in 1, while engage in ""'!;' xh C " df,UM the mercantile business a, the present 'J. "" vt b .' fk'f. 'T location of the Hartiuun t.e, that -Mr.,3'0'1 U'!r dL'b, auJ Piad tl,,s d,'''t John Albert was approached bv M,r.S,T;',a J"". "ur ."t',le t,allt W' Asahcl Bush, with the sugge.tiou that ,holi,-r' !lu-v hl4Ve ''rlouu1 lrum he Ik-co.,,0 cashier of a ne bank be,,,,-'! .wc",v ' ,i"1,-v l'u'"'K built iu Sale... bv Ij,dd & B,lsh. ""' UW t0Urs0 as ,he ' rl,,u' vt xUv When Mr. liusl. decided to ope.. a!ia"'- ases wer,. cxtn-mely rare iu Ore bank iu Sale.,., with Mr. I..:dd I.e looked " " vt "'l.udmtion of this k.ml and us ..... t . i .. i i:a!lv were advertised somewhat us fid- over the city lor a location, and for a )UWtl. time was undecided whether to buv the : '! . ., . , , T. corner .rtv where is now located ' 1 "S ,'S, tH Ctrt,fv that Juhn Doe i. ii. .1 greenbacked me on a note of P'O. the II.i-tn.aii jewelry store, or t0 buy, (si,,,.,.,, ..on-mpi, unr- which ostracized "John Ioe" for all time in his community. No Checks Circulated. Our nierhcai.ts received the com from the corner on Commercial and State street '. At that time there was some doubt as to which of these two corners would become the principU corner iu1 the town. It was finally decided t0 buv',""' """"" rece.veu ...e coin rro.n the present location of the ban, .ml In1 VT'"' ,.l0,llw the spring of 18.W the work of building : h ' ' eUUnWV "'V V benau. The building n. t ,n,,.l ,ur" ' the com to pav lor their goods ... ' to l-'iii-t : nnrt nn.l Sun Krr.iH.w,,,, SMALL ALIEN ENEMIES. Even with the peace treaty almost ready for signing there are large bodies of men in this country actively en gaged in fighting alien enemies. For a long time the ships returning here from Europe have been dumping earth, used as ballast on the trip over, along the sides of the Hudson river. Cunningly stowed away in this earth, it is suspected, are all sorts of little nsect aliens who seized this opportunity to steal a ride to free America. There are suspicions, too, of naughty lit tle seeds and plants which have it in their minds not to build up plant life but to coarsen and destroy it. To guard against these evil ones with their permcous foreign propaganda, the Department of Agriculture has found it necessary to detail men whose especial duty is to examine the dirt deposits and watch for trouble. Of course these creatures are colonizing here in di rect violation of the Monroe Doctrine, so as such must be summarily dealt with, if American integrity is to be preserved. ed until the spring of 1S. It extended , T Buu ncco. yr M feet on Commercial street with ,,,!'''' ''. vw twenty in iiud.h-t present site on State street. j1"!' . u,1l1" w.0,'1,"1 ,l",,s "lld Population 4000 Then. bought wool, grain urn! otl(er ruw tSalcm at that time hud a population 'l;roduH8 a"d ,",'id forM,l'7 in ' ?T" nt .-.... jiuui .-i .ii !...-:...' J.. -their owa counters. Merchants received Mini mi uuuiin s uune,.i, i i i . with gold or silver, as greenbacks woro'It , ""' ""'J f"r S00 H' .worth onlv about 70 cents n the .iii., -.'M the same by Well largo ex- Tl.e question of tho opening date was i '"Tf". . . r..,iiler...l Mr T ..l.i i.i.,i .i. I '"'ring uregon s slow progress of al ... ... uuu vujnuu nui-u ! . . . - m KKinn run irni.t nui.i. ... u rti. .k..v.(, my KtvKt ,ruiUV 111 lOi'l UK bunks everywhere expressed iu Ar- replied that that . . Z ' ' ui "ur :""lu"u" was worse still, fur it wus hangmaii'sl , , ,i , day. Mr. Bush laughed at Mr. UddJ. ' k'1811" ve .V' 8,ia11 not ...iH-rt.ti.,n but l,,re. r,.i,n.i i. j"ve the power to establish or incorpor ate any bank, or banking company, or considered. Mr. Ladd ob ected when',- April first was suggested,' saving tha" " r i'- t it would never do to begin on AH Vds 7 t ,T i 7 day. Sir. Bush said, - Then open April1" i"?A7 R ? ? 7 second." Mr. Ladd replied that that'!.:, M' ot with Blanhe Orton vour relation ,w.th her." j "For heaven's sake, Bab, are yoa going to play the part of a jealous Iwifef" I saw plainly that Neil did But intend nie to say any more to uim, that he did no' mea to tell me anything, yet I persisted j "I don't know what is wrong, NeiL But I am sure there is something. I l have been so wrapped np in the baby, tthat I have been blind to other things. I never have been your par:ner, but I have not been so shut out of everything ,as I now am. I am sick to death to of nut knowing things. I want you ts i begin tonight. We'll s art all over. Toa 'tell me the things which I, as your wife, should know. I feel that our fu- 'ture happiness depends upon wrfeet confidence between us " I laid ty hand on his knee, and leaned my head against his shoulder. We were nearly home. It would not be easv to take the subject up again. I wanted an answer now. "Von tend baby. I'll look aft-r other things. ' he said more gently than ha yet had spoken, but with n weariness in his voice. And he moved the arm against which mr head rested uneasily. For a moment I felt helpless. I had an impulse to carry on the conversa ti n to insist ui'On knowing v. lint tho eirinst talk with Mrs. drtoa portend ed even though I precipitated a quar rel. Then I hesitated. 1 would not ba so tactless; there were other ways by which women advised themselves of things they wished to know. 1 would also find some way to satisfy myself. Neither of us talked nine', when wa reached homo, but Neil wns er- ss and nervous. He sent me off to bed 'nl ho sat up jate working iu the Wirary. Once, when I crept near : tic lib.a.y doer, to s"c what he was doing I heard the rustle of papers, and went quietly back without disturbing him. It was long before I slept. Th" doubts so long quiescent, had once me re tak en a hold upon nic and kept me wide eyed, wakeful (Monday Barbara Finds Proof of Check Given Neil by Blanche Orton.) IBISH TO PRESENT CLAIMS superstition., but inter aimroached Mr. Albert to see if they could not be ready .on an earlier date. Mr. Albert sug gested Monday, March 29th, and on that date the bunk began business. The Kev. 0. K. Bunnell, of the Episcopal church, moneyed institution. whatever; The price of gold in New Hork on the oneni.ig day of the bank win liil'j. equivalent to seventy-six cents for greenbacks. As it took tw0 months by c $1093 F.O.B. SALEM Quality Goes ClearTlirou$h Careful records have been kept as to the precise expense of maintaining a Dort in daily service. They show the average cost per mile of travel to be remarkably low. Dort OM-rmr mnd oriars thouki mend for th "Wmr Memorial Numhrr" of our priodict, DORT DO INGS, published Jnury 15. It Ml a graphic atory. momlly in p.cfurM, of thit enmpsny'm acfiW ties during tht wir and will prove a vluahla win jiir ro fTiosa internttad in thm big part plyd by thm automobile industry in the great eonticf. Your for the taking. SALEM VELIE COMPANY J.W. Jones, Mgr. 162 N. Com'l St. Salem, Or. PORT MOTOIt CAR. COMPANYi ' yiitti'Mich, Germany is about to wage war once more upon the j allies, according to some of the sensational newspapers. As a matter of fact Germany is in no position to fight; 1 llil i 1 1 Ailta 11 AO 111 1 any nation ana an mat Kina oi taiK is oiuir ana Diuster on the part of the former empire, or simply sensational newspaper talk. When the opponents of the League of Nations talk ed tho late session of congress to death, the appropria linns for railroad extensions were killed and Oregon's hone for railway development like the Natron cut-off went glimmering. wnu tin. fivuf ,1, fpt. .. t . wo un. isiiii tuuwsiiuf, iut; 111 If II I UO- :i a. v . vt. . . fore he gave Mr. Alberts MO to put to ' ,0,,MW f 'lur". ""V"1; his credit when the bank opttned. n.igrnfa eree.iback9 net ed h.m about bogan With $60,000 Capital wc"ty cents, which o blamsd othB- Tho bank began with a capital ofl b''k-tl'7'f h! wa not likl''' WO The UgKal rate 0f intJestw ''coina.nc.. curbstone broker, were getting a, i, gh ! b Lttdd &.B" ',h 00 eurrcnt as 3 per cent a month. " ! bu8,!ll,!,s "f"11 whlch1 to ba,8 cer- For the first year Mr. Albert ran Ihcl-f-' wMUion bank alone; he was cashier, telle, nnd ful?7 ,u fn ''e bookkeeper. At this time ho J !"uel demon stra e. the w.sdom of tho ty-six years old. Today the bonk ha.i'T "J V" t1he-.lrowtl1 aBd I,re8t'nt thirty-tv.o on its payroll. Mr AH er V rC,Uf '"T remained with tho Ladd & Bush bank A.", d 1 primitive for sixteen years uuu"- methods employed in the transaction of Of tho depositors of 1869. bi.1n.V,i b"s.im:Mt,,cn- Albert, only nine are living. Thev are 'u- nT" corrv,",ona1v"c v,en wa8 Thos. Burrows, A. N. Gilbert G j lu" iur!o compuny letter express and t :. i c- x . "v.., v.. a . WJ1S pjtrricd bv stenmer to nnrt from nucune.u, Ji. a. iiiuteiier and J. U. Wright, (Uzufovago & Wright;, nil of nuum, nnu A. n. t'ronsmna and J. C, Washington, March 29. A committer of three representing the Irish raee'is America will sail shortly for 1'aris to lay before the pence conference thors Ireland's claim for self determination, members of the committee announced lute today. TlnifO who will sail and who, it- is said, have been assured passports, nre: Former (Sovernnr E. F. iMinne, Illi nois! Flunk P. Walsh and il, J. Kyau, Philadelphia. Xeaily 2 Don (100 penp'e pnrtielp. d in the "Victory" pari.de of the Twen ty seventh division in Xew York Wed nesday. A party of 120 American i?ed Cross workers left New York Wednesday for service with the army of occupation in Germany . Princess Maud It will reouire a government expert like W. S. U'Ren to straighten out the tangles in the former Austro-IIun- gan.m empire if this thing keeps up. There seems to be more kinds of government in operation there at one time than in any other spot on earth. . RIPPLING RHVMES By Walt Mason 1 RURAL DELIVERY. In winter when the tempests rage, I sit in my uphol stered cage, before a cheery blaze, and think about the postmen bold who, in the blizzard raw and cold, undaunt ed go their ways. I see them as from town they go, to journey thirty miles or so, o'er beastly country roads, and wish I had J. Milton's lyre, that I might sing, with proper fire, some eulogistic odes. When wintry tempest rips and talcs; but on his route the postman goes, ana facse every tears, we snuggle down in cozy chairs, and" read detective wind that blows, and all the tinhorn gales. Through every kind of misfit storm, while others bask in houses warm, the postman has to chase; the sleet is madeof frozen rain, and where it hits it leaves a pain all day it'swats his face. The snow lands on him by the peck, the rain is running down his neck, Dame Nature's maudlin tears; still, still he drives through mud and sleet ; his shoes are full of froz en feet, and slush is in his ears. He earns a hunch ed bones a day; alas, alas, his meagre pay deserves the country's scorn: his children cry in vain for pie, for he has just enough to buy his pony hay and corn. was carried by steamer to net from San Francisco to Portland. We bought our W. F. company envelopes at five Thompson, now of Fortlund, fJcorge P C?T Pr,1 wh,ch. ,rV T'le Ilolman, Salt Lake Citv, and cVru, Vea IT cnyv'eta Wlth thc ld.tional . to.i(Ye8to,1&-IU,on)fsatt;c Tl'T , , , v Pnm.i n.i. The I. b. imal was curried overland ri,. . . . by stago and it was rumored t lint wnen . I hero was no ceremony iu opeuino- tho .i. . . n i.i, -pi . . ' ' 1 , thc stage was lull of passengers the - WY, , T'T U,H;'"'li Ah'rrh -U was cached in the first convenient custom in those days, were not closed 6tage coaeh until four o'clock. Salem mou-ms opi Winter in Bank, were not familiar -.lli Imnkmg, and t, A,,ul -,- , ,.,,,,.,,, ,,r w a lino pre erred to n.ako tl.e.r pay- in llis ,.,,,, vLuliu;. Com- meats in gold sh.p,.ed to lie wholesale miion nml ,. f b uses bj express. inally tnev were i,jwa. xho next yenr Mr. '(.irav devoted educated to the tiic, that b:;;,k exchange llU tiu, ,,, . ,,.lki r ,.,;,, f (, was.p,st as reliable and a less expensive. W. (irav & C.,..H,nv and 1 w; admit wav of paving accounts. ;tc(, , r f , (l!u,r ,,(1!,im.s .Newcomers who came from the ca.t B.ml n,il(lt, nmna(;i.r. XBVigry,n closed with greenbavUs were surpnse to learn. on lhp Mississippi river in Nove.nb.r of hat paper was worth only ,3 cents on earh Vl,ir alll, j ,vn, cni,,iovcd aurin he dollar on tins coast, ad that all tht. iuU,r in tllt, ,,ai,k. business, wns done with gold and silver; About 18t50 or G1 iIr. Crav ,,, llis and that the greenbacks had to be con-j.-mk interests (Hank of Lansing. Iowa) verted into gold. REMINISCENCES (By John H. Albert.) The opening of the Ladd & Bush bank, Mnrch 29, 18t!9, was epochal. Be fore this event there were no banks in Oregon outside of Portland, nave "K and afterwards or''iized a privale .bank with thc firm mime of Oray & iCotnpnny, of which I wns the "com jpany" and cashier. In June, I860, we sold and arrived in Sulem in July. 18ii."), where Mr. Oray, I John Iierry and myself formed a part nership to engage in merchandising un der the firm name of G. W. Grnv Si s ' 1 . 1 centric Conner's" little bank at All.nnv Compr.nv. and the unique Beekman bank of Jack-! , . ? my Int,rri, m 1'S but remain- sonvill.. .I,;.., iuo r. n 1. 'u.n store until 1 wn employed L-y soav.Ile, wh.eh latter, Mr. Bceknuin ii. l Ladd & Bush early in lS-i9. " &9eysiHissH4U,kuTSMui9lmvKiaKJUrs Princess Maud of Fife, daughter of the Princess Royal, who will ba on of th bridesmaids to Princess THE PROMOTER'S WIFE BY JANE PHELPS A SURE WAY TO CUT BARBARA. BEOS NEIL TO TELL OF IU3 RELATIONS WITH BLANCHE. SE HAITKR XLIV. After dinner wss ovei- a .lo.l bridge, two tables. Of course I did "not l-ii.v nun .eu, and was seated so I could not see him But I knew he eould not talk anything save trivialties dur ing a game, so I gave my attention to my cards, winning compliments tip- n my playing from my partner a quiet, middle-aged man whom I ra-l.cr liked. As I look bsek on the main crises of my married life, it seems to me thnt it lias nenrlv alwsvs bepn i.rr. n.i;.n. thing like bridge, or dancing, that has neiiM.i if over them and tha' has en abled roe to hide my feelings successfully. foolishly, I did not wait until we I reached home to question Neil, ''What in the world were you snd Mrs. Orton arguing ) rarnes:!v about!" I asked ss soon as we were seated in the car. 1 ''We weren't arguing." 'Oh, yes you were! at the table. I saw Lorraine looking at you in such a queer way, it attracted my attention" "Wo were talking of a little busi ness. ' His tone was cold, and did not invite further remark "But what business can vou have with her!" 'She owns stock in some of our com panies, if yon niust know." "Is it making her money!" 1 Neil looked at me through narrowed lids Never l ad I seen quite that look in h-s eyes. Most women. I believe wake up suddenly rather than slowlv to anything that r.avers of a difficult' sit uation. But inrariablv if we see it has been existent for t'me time; that nmj-.y events have led up to it particularly if the situation is a marital one. I repented the question. "Xnt likely.'-he replied then looked moodily out (.f the window. Neil." I said slowly "I don't kno what it is, but there is .mi.;n will not tell me something connected "It has been quite an expense to keep my boy in shoe9 because he is very hard on them. But since wearing shoes with Neslin Soles his shoe bill has been reduced 661," says J. Allison Allen of Amity, Arkansas. On the importance of Neelin Soles as a money saving factor there are thousands of parents who agree with Mr. Allen. Because NcOlin Soles give txira wear where most shoes wear out quickest, they cut your shoe bills down. Ask for Neolin-soled shoes when next new shoes are needed, either for yourself or for your childten. You can get them at any good shoe store. And take your worn shoes to the repair shop and have them re-bottomed with Keolin Soles. - Remember these soles are created by Science to be waterproof and com fortable, as well as long wearing. Ther are made by The Goodyear Tire it Rubber Co., Akron, Ohio, who also make Wingfoot Heels guaranteed to outwear all other heels. A colin Soles I