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