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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (Aug. 9, 1919)
PAGE TEN THE DAILY CAPITAL JOURNAL, SALEM, OREGON, SATURDAY, AUGUST 9, 1910. Country Entering Period of Great Business Activity Is Indication Declares Clews J "'VI. ' Should take no chances on your Vulcanizing. Tires are too expensive to be entrusted to inexperienced hands. You can be sure of Satisfaction if you bring your work to us. No "Half Baked" work at this shop. WE KNOW OUR BUSINESS Monty's Tire Shop 157 South Commercial Street New York. Aug. 2. The cautionary IHxi.0siO, compared with $:',IW(,WO,000 seii provisions m (Continued from &s aine) THE VAUGHAN, THE ORIGINAL DRAG SAW MACHINE t a f t ik. if ,- ' ,A. If you have wood to cut or wish to operate light machinery around the farm you need ono of these Mackluea. Ask your dealer for Information, or write the VAUGHAN MOTOK WORKS, INC, 475 East Main St., Portland, Oregon. TIRE REPAIRING If IH As we da it ......n... uiu hivo new, ii, cilia down tire expense to an as tonishing extent. Don't scrap your old tires. Send them here. We will vulcanize and repair them so you will not have to think of getting new tires for a long time to come. attitude assumed in thee advices for the at three c.'s his been a ui:i . n ! mstified br rreent events. Vntnps lmva Uoen considerably unsettled and fell several points, rtuin.r, that the federal : reserve bank would at:i strjw toward restricting peeuia:i:) nrbd the de cline; fear of such a.'t.ou h.viug tyite a much effect a thj a iuality would probably have done. As a lesult spec ulative ardor on tin, bail side was ma tero'ly Icsst-nod, -ml l.-p 'Cation on a larger scale than fi.r w veral week , followed. There was v-x'.'y no change I tn rl.e ecncrsl siin.-iti-.o nu tk. !safe decline, except thiil in face of such i rigid nioneturv Imitations it wa uu- iHte to push the advuire further at this jtiine. While the technical position of the market ha been somewhat improv ,nl by the liquidation, still there is as I. vet no real foundvion for resuming jlhe rise. Activity in Business The country is just entering the per iled of greatest bin'iiess activity; the j harvest has begun in earnest) and i funds will be ia di-naii' fur moving the grain, fruit and ccitt.n crop dur ing he next three months at .cist. This j harvest will prove an iiiiu.t'aMy prof jitnble one for the iirrjeultiti't:! districts 1 in spite of wield fai'ing toii.o.vhut be llow expectations. Western merchants lanil eastern inaiiuf w!uivi alike t;!l I feel the cunseipietit stimulus in a lafg er ilemaiiil for a I neeesst ii mi.l ,..,! :Z:iZl 'Mxuriiw. It iiiust bo remembered enter- i"1"" " ii-vivni(; "iiuny now ventures Ure startiiiK; old roiieenis are eularg ' ' kl r improving !!ieir plant; houses ami office huiUtin ate beinu started ;n n kidniiiK seal,-; almost overnixht I we have bccuine 'he second maritime j power in'tlie world (n fart far from jheinjf properly ap;'reeiated); our ex port Irade is (iroi"l! at a falniloun 'rale, and our iron 'rade has scarcely had time to shift from a war basis to ja peace basis before ;t finds itself tax led to meet oncoming oiders for b(5t)i domestut and forei.i tn.de. Demands for hipbuildiiiji, itotuol'i'ea, construe tioti, enjjincerinK and export trade are already taking Ml) per cent of the steel output and will iiwi reouire more. As yet the railroads have iiot purchased supplies with any freeili.m, and their demands for rolliiijr stock and oilier equipment will p.i,c cm rmoiis owing to the urgent nee 1 of replenishing af ter prolonged wur strain also a period of enforced deprecation and starved improvements. Sh..;iKI tl.o "latus of the railroads be fully restored as to earn ings, capacity and credit a ureal de velopment may be looked for in this i III mirl uti 1 i.iiti.u. ...I.I..I i . M-niinui, Tiiiii-'i uwinir in nn- wise legislation and brh control has -JaJ"''ilo little or no progress in a decade. The railnmd s.vste :t of the United .-Mates was prolm'ilv never so far be hind in public cffiiiency as at present; .. ai"l 'or 'his condi'iim tho uountiy lias practically '" "'"k uninlellig..t and unjust rep- n-"i-n mines wno prererretl catering to public prejudice rather than public con venience. Giving Credit to Europe ltonewed wcaknes in foreign ex .linn go impressed Me financial com munity with the necessity for prompt action toward financing nr export linde. The demand for merican urn. duels is pressing from ail parts of the in December. It is estimated also that expenses wit be f '.OO i.OnO.tNJO le than in the fiscal vear ending June, l!jy. when the 'inure touched H, dW,(tOO,iHH). This 'J a very substantial reduction in eipeavi which should be carried to a aiitl farther .degree, aiuce they are stilt ninnir at over eight timea the expense ra:io b&fore the war. ()f course, the pre-war loel will not be seea aaia by the present genera tion, the advance in government sal aries, trie widenin of itovernment ae- tivitiea the niaintenancu of a lartrc military establishment and general ex pansion of the cnunt.y, ;il meaning ! permanently h glicr expentea. everthe oss a further cut in taxation can and should be nis.lo. An Unsettled Murket The general drift of the market is downward owing to uu'avorable eon ditiona in call ni.mey, ;n foreign ex change and in th 1 labor situation. Mouth end transactions caused a tem porary flurry and call loans touched If per cent. That the mney outlook is causing great eon-ern to the authori ties is no secret, us warnings by the federal resorvt board have beea given out more than once. There is uo for that money will nut be i; i'lfl, clout supply fur business purposes during August at least, but t'-e moving of ero-.s will c :t'se htnvy withdrawal o' funds, and this is wha1 the banking people are looi'.r;' i-ir'vura o. The only rcRson wly the av rket holns up as will as i' does aftr smh e l rolonged ndvanco is that people with large means are not anxious to take their profits owing to the hi'h federal tax ation. If it were not for this unique feature the floating supply of stocks would of course be jfrcatly augmented. However, wbile 111 biir people are not "heavy sellers, it is obvious thev are not buyers at this lcvl. No doubt rallies will take place f ro u . lino to time, but until the money supplies increase it would seem advisable to get Out of debt rather than to create fresh liabilities. Th.- new ejiir'ie issued in July "ore unusually hotivy M minting to about .!7U,0(U,)t'll, compared with 15 mn,uon a year t.;.'. Tho dividends and interest distril ,1 in Almost are fig mod at t'bout :!ll(l,PO0 as against tHI.".,7H0,SI0 last vear. - MK'CTIY CLKW8. Average New Yorker" Given French Cross SALEM VULCANIZING Taris. (By Mail.) The services that the "Average New Yorker," over the military age, rendered tf the front in r'runce, have been rneoininod by the I'leucU urmy in the award, aunounced today, of the Croix do Guerre to Ster ling K Jleardsley, a New Kork cotton broker. Heardsley served for nine i crials arc upon ail hi .in mis and in. months with the American lied Cn.ss nri an ratiteen workers in the fighting none. Marshal retain wi. th Mil,l. shipments of fot..t and raw ma torinN are uinin mi on i n ...i. ,..! ... ' W. M. HUGHES 171 I-Vry Street. Salem. -reusing senie, iinports increase very lowly, and our tuhings of foreign so curiiies in the shape of government issues nre totally ini'dcp-ute to affect the linlame. If we ;ire In soil H'lits ituil do our bi' limard the reha I in 1 1 1 ii i ion nf Kttrope, croiii; must be .ivon mi ii large scale. Ii is estimated I that within the ne twolie nientlis we islmll have to allow credit of at least .fl.nOii.iMKi.oim t Kiiiopian buyers. Now of his citution. Cnptuiu Beardsler gained the nick- our stir-i name of "The Average New Yorker" in the press dispatches. The idea eon , voyed was that Heardsley ' situation in jlii'e lit the time America entered the , war wks about the average of thiiiisnndN of New York business men. He was a outside the league of aahona eovesant It is the provrsioa transferring Ger maa ngnt in Miantuug peiiusuia to Jaa. The language of this provision is: "Article Germany renoun ces, in favor of Japan, all oer rights, title and privileges par ticularly tho' concerning the ttr ritory of Kiaorkow, railways, mines aud submarine cables which she acquired ia virtue of the treaty eon eluded by her with China oa jlatcb 6, WS, aud of all other arrange nieuts relative to the province of 8ltLUtUUg. "All German rights in the Tsing-tao-Tsinanfu railway, including all its branch lines, together with ita subsidiary property of all kinds, stations, shops fixed and rolling stock, mines, plant ami material for the exploitation of tho mines, are and reniMii acquired by Japan, to gether with all rights and privi leges attached thereto. "The (iermsn state submarine cables from Tsingtao to Chofoo, with all the rights, privileges mill properties attaching thereto are similarly acquired by Jejuni, free and clear of all charges aud encum brance!. "Article 137. The movable and immovable property owned by the German state iu the territory of Kiaochow, as well as all the rights which Germany might cbuiii in con sequence of the works or improve ments niudc, or of the expenses in curred by her, directly or indirect ly, in connection with this territory are and remain acquired by Japan, free and clear of nil charges and encumbrances. "Article I'iS. Germany slut II hnud over to Japan within three months from the coming into foico of the present treuty the aieiuves, registers, plans, title deeds and documents of every kind, where or ' they may be, relating to the admin istration, whether civil, military, fi nancial, judicial or other of the ter ritory of Kiuochow. "Within the same period, Ger many shall give particulars to Ja pan of all treaties, arrungomeiits or agreements relating to the rights titles or privileges referred to in the two preceding articles." This, declare its critics, constitutes a theft from China of territory s,olcn from her in 18t8 by Germany and puts the I'nited (states in the position ol underwriting an illegal transfer, fhey insist that the control of tho nulrond from Tsingtuo to Ksinanfu, a distance of miles directly into the hcait ol Shantung province, gives Japan a stranglehold on the whole province with ita 40,000,000 Chinese. Administration forces reply vanously that the whole province is not affected,; but onlv about one-seventh of it; lhat Japan has agreed to hand it all back to1 China soon, and that in any evrut, Pres ident Wilson, while not liking the settle-' met, wns forced to agree to it by sheer ! weight of numbers against lulu. Drain Crank Case Often i to Keep Tractor In Good Condition Say Experts. Correct lubricutiou is one of the uioetj important factors in keeping a traitor: iu good condition so that it wiil con-! siiine less fuel, tnft longer and vnik! most efficiently. Through iu bouid of' hibrirntion euginers, the Ktauiinni Oil (toinpiiny has determined the best grade ' w C - , : -j-j m mmm Go Easy on the Starter Once in a while your engine balks, and you step on the starter again, and again That's just what you should no t do. The wise car owner raises the hood and locctes the trouble. By doing this he has saved time, and- he's voided, useess wear and tear on his battery Watch your step, and you'll find it is a lot easier to keep your battery charge up to 1.285 where it ought to be all the time. Drive around and we'll te'l von how to ret the most out of vour battery. As!:, when here, for copy of the booklet '"The Wl. the Millard.? Dcgge & Burrell Auto Electric Shop Phone 203 418 Court St. f We test, repair and re charge storage batteries, and always carry a full supply of battery parts, new batteries and rental batteries. ,1 j i n ki i it''--v. Why Boys Go Wrong Nine times out of ten what we call "Bad Boys" are those whose natural boy energy isn't given a helpful outlet. The "good boy" is the contented boy, and the contented boy is the one whose mind and muscle is constantly occupied. Your boy's standing with you and your neigh bors lies in your hands. To make it one of which to be proud let him RIDE A DAYTON Lloyd E. Ramsden (hut the war is end I, private and' not lir"kor- ovpr had been twice roti;sedt' Zerolene for every type of tractor Any Trouble iu 1 -V fA" IIATTUIUKS on li-M Tl hIMNO it' ITAUiHlt The Battery Shop li.iv eminent agencies sh.mid piovide re- 10 "art Wl,tf a,ul rhil jiii i. reveial important lorn i have been " ouiigiu i.ioeriy imiius, son- ,uiudo to foreign count i-es, and inure j tribulod tu the wclt'urn orgnuiziitions jure to follow. This week the French I '""I j"iod iu various "win the Her" Cd IKMI null a j--. .n.i'. iii i.i. iiiii in i u 1'uiii.eiiipiat-' ii ii m -s. in ,ih,iiic .i" u tic usury notes nut siuiu lniw this w ork did not suf 111 n i III mil w i k!v tiatlllitv of fien him H'ld an h nbtuinixl n Mnml. iiioii.iHiO for tho pu'po.-c of liandling siou with the Kod t'ross. He suiled for " .,.""".tv !,,'.v l,:llH "" France in Januiuv, 1918. Two months ,., no , ,n, tint,-!, HMtry. Tnls , h . fc y f , fc pliin shoiil.l nfinr.l ii i .. an.i ' - if so, the unine menus cvi' I e adopted by other nntionalitii . Hi lnun is now seeking fiui.nriiil aii. It s underslinid 'hut local bai.kers a:e a'ouul nifreed up oil a plau for stabiliii i; ave' tinge, and that its aaiiouiiceiiiont will not bo long delayed. Bailroad Outlook Tiiiiisiicliuin in ra.lmal shares eon tiinic upon a limit, d s, at nminly be-1 en one of their sMbilisMitiou bv gov- I engine. JSot oulv must t.ic mnii.tor use the oil best suited for ins niuthino, but he should also give pnrtiru.ai at tention to the way in whie.li it is useu, The object of all poner plant ma ehinery is to develop the most pwer with the least fuel ,and tho least pos sible cost for adjustment and repairs. To make this possible, the engine must have an efficient lulu Seating system. offensive the Geriuuu armies had ever and the oil in the avstem must aiwnvs ntteinptod the Soniiuc drive of Match,: he in a clean and efficient condition. 1918. I Particular attention must be paid to Heardsley hud never made a rup of ! draining the oil from the rrank case at i Involute or performed any kitihfu la-'regular intervals and cleaning of both loir in his life. Rut the night he roach od the front on top of a rnlliig soup kitchen he started tu m-our mts and pans, lie explainer! thnt ho "jusl fig mid out'' Hint thev ought to be clean. That inula the eueiiiv airmen mine frank ease and oiling avstem. The lubricating oil must be ehr.ngm fieipieiitly fur several reasous. The oil after a time will wear out. or, in other 1 CONDITION OF ROADS III WESTERN OREGON UrKenaie Highway (pen aud iu good condition. Eugene to Biue Kiver; fuir condition Pine River tliioiigu Mc Kenzie l'ass to ISisters. Willamette Open fur iiinthines be weeat Kugeue aud Kigdon. Tassable for wagons across sinnniit. Pnntinm Wagon Hnr.d -Ojiea and In fair condition from Foster to summit of Cascades. A few machine have erossed after it Iihb leen in the avstem f"r einniont eontrol and guarantee. This ou r lu re his soup kit. heu was net up eertuin Icnulh of time. The luol wfilcu state of iiioiliu . li,,ee.', en t Ins! , ho luul to sloop in a damp, rat in I est condenses In the tyliuil.r works past indefinitely. H,.f ,. the end of the , a itt collar. Next day he art to aork! the piston nogs, thins down Hie o,l and i . 7 . ; i " "" . to make rorree, cocoa Mid aoup bv the lie returned to thei- own.-rs in accord !il, t... .i . i i. i. , . .'.i, u; ...... !... -..,..... ,1 . words it will lose its lulirieatiiig value , ... " ... ... . ., . bv this route. orations between Graut.s Tass and the Rogue River, detour over rouh rod the north side of the stream is n,ee snry. Three Rivers Open between V.illa iiiina and Tillamook. Very rough for six miles through the (irando Ronde Indina Reservation; here for several days after heavy rains it is prnetieally impassible. Construction work betwem Dolph and Hobo makes detour down the Little Xestucea necessary. Bamlon Gold Hcach Ojen and pass able for light cars entire lenf,lh. Polk County Fire Warden Takes Journey In Plane Barlow Oiien between Puml? . and! Waptnitin. In good condition Sandy to! Twin Bridges; poor Tslu biidgos to' gallon, i wo weeks later whoa he took his clothes off fur the first time since his arrival, he realised. that he had become 2G3 N02TXI COMMERCIAt STKFET t mice with the pledge made by J'resi- ii-nt Wilson wlion raker, ovci by the eO l-Mllllvllt Thi .tiutui.a v... in rouditieus und.-r wl.i h the loa.U i " (I"' '1"'" , . w ill operate in future. They will no I '"' his smip kitchen in ( om longer be niulor wiit cetru'. .Some of ! II"HW '"r , months. Theu he had the operating inuoxnimrs inlrodiicel orders to move t the Marne. He set by the governinoii will temain, hut "I' n'f kitchen iu Chateau Thierry, uinuy will not. The pubiic is disappoint 1 Forced out of there, he weui on to an od aith government nise i.-i ment which 'other town whore he foil'id a hospital " doubled charges .md I 'lived the arr i full of wouinied with (usiif fieient modi vice"; mi the cau. of government ! .al sis ff. He si-rubbed floors and aid.-d onerliip is at a lower ibb-than forjti,,. ui-riy Vi.i's. toi, f v i ' i-in iit coi 'r il s line roiis i..-, n, J a'l.l i ti.ers lost bv iclinng.-d methods of roiifnii and otvr- j alien. To a large rx-eut 'the former ; , hi.ngo-Kdi'h Alio,' t-i-iae oec .. . , """ i'ikki'- i,,,, in,. ,,1r , ,res inc iw in in a to ........ . 1.- in. iiiii-inrr uic riiailS lie allowed to advauv run suf fieioni !y iu cowp,-n!Ui Tor 'ni'ttsscj ciuls. li si.. nut Vol determine I. but something will :(,,; j, , unie io ne none i take 'tie nla.e of ifivt rnnient toainnl.e ii nr.lor in re (Capital Journal Special Scr ice.) f Inllas, Ore., Aug. P. Hen. W. V. . ... .-. . . ...... P llll,. nt tllia .IIT k destroys its lubricating va'ue. The ne. t,T "'"'i ,,ur ,0" vr11 o ' 1 M.c.:." . ..." S piniiia. i f. v-.v Eugene-Florence-Open and in peT-lF,r" wr" h'a county made tuanent summer conditioa for the entire' tnP 'roplaae from Saleiu, Monday rr,te lo,r " 1rKe amount of the timbered Me.lf.ird Klamath Valle-Oi.cn and in ,rr ln" Pn" Bl " "' '- i fair condition antire h'sth, with nn- or changiug the Oil is partn-iitarh nr Ji-lit when It lfome contaminated with furoigu mutter, such as cu.buu, which forms on the under side of the piston; silica, or dust, which enters Ihc ciankl case throagh the breather pipe; aad oxide of iron, which comes from the wear of the hewing surfaces of the aio tor. The presence of this f'Uein mat tor iu the lubricating nil is intended to form a film between all moving parts such as lie.-iimi;. logons, riuut and din-tors a! operation! ami Mrved. cylinders, taking the wear instead of morons rongh places due to heavy traf Ific. j soup Rn.t rot foe the side." from his canteen .?li!!lDSR roSTAGE-BUVING AT HOME " w tc 1Ml uu w'ore raj mg-lluving At Home ,ea' thi-ator. A few short ,ve. ks ao she j is a ehoek renin rirl ie a loop nmol. was pi, ked from h.i;iur.-u in a Iwauty contesi ai d msde goo.L I is good condition as , Important new isil is therefoie i pros- tut n the tea is ehen tiikoa nvc rosd legislation i-e. t. Ooyemruent Econcmy K'cret.ny i;:iiv :,,!,, , n-.oir.ii;ing s'atem. nt of tress ,ry c,.i,dit:or the! should be kept in mini, (iovcrxircnt .''eniH. Imve doe'-i.ed to a marked ex ten', amounting in June to onS- sol,. ITES-TINGS 1 yiccs VAPGaUEi Wash the arTceied siKfjce with hoas h"ld amieonta or warm aalt water, then apply the metnllic bearing surfaces them selves. It is, therefore, cheaper from cverv stsi:dH,int to wear out itii.ricst iug oil tlu.n metal, aud if an engine is to deve'op its amxinmin power aiol show a low frhtional re-itiicc in the oear ma silt f:n s, f!u lubricant nui?t le kept clean ard It must have its n,!ix,,mim lubriesting value. The S'.andnr.l Oil company is per forming a valuable sr"ice in teaching the oporntitr of a traitor the to.rect niesns of litbrk attni his rngiie. The I'omtiany is interested not so tuu-h in selling merely a gallon or a barrel of tubrii atintf oil as it is in Saiiinj cor reet grade Z.'fo't ne in the psrticnisir type of m..or f.-r wai.-h it is tr..nu fs, turcJ. &ali3 lor states that the plane be was ia made a trip of 90 miles ia it) mlnm which he considered Kn.c speed t-fter Anns Creek Oi.cn ami in eenerally yennt the monntainoua wction of good condition. ' , Polk '0,""y ' '1"K '--rest fires ia a Crescent Citv-Brookings-ttH and F,,r,i- Hc tWn ,h k'T reached M in fair con.lit'hm entire length. Has ''"' f 7000 feet and that th some rongh platen. i'"""1' nrf,""c Mi,w "" of ,h" Grants Pass Crescent City-la fair:"'"'1 i-'K ton.litiou between Grants l'ass and Cres; cent Citv. Rough on Oregon Mou,.1ain: and fair from there to Waldo. Califor nia side in good condition. Vld port -Alsea Open entire ' he has ever aeen. Mr. Fuller thinks that the aoroplana twill prove a valuable aid ia locating i forest fires and io patrollinu the tnu- ruut(. bored area of the state and ho;s'S that and in passable condition. The outh from WaldjMirt by Yahatt road;'" B,'ar ul"r" Jth-iie can be r- ,,.1'ciire.l lor tins county as some of the Cape Perpetna to Ten Mile Creek is."""1 "",wr "lp ru"r 'ai.a open and in fair condition. ' ,ithi'i the county s bonnnarios. At proa Ridd'.e Tillor-On and in fKht con enl '" of ihp iuaohn.es that is located diti-.a for entire length. T"nl oi -etion of the Cottaae Grove-IHsston-Oien and in,,'"un,r-v '" Wlt1' thi aorviee the daa gond condition b,-toen this paint .id'" "f dwaK"' fir,' Bohemia. No d.-taum wistibV. V.ajons. Krla,'.T "at,ceo. au get thn.i'iih this rad. Paeifie Highway J pea an", iu excel lent conditio. i ex opt whrre ions-true lion wi.iS is in pr..gr.'s, betwien Med f'.rj a.d ?'.!. !e. I: i.M- i.,f javiiig op Horlick 8 the Original Malted Milk Avoid (tuitationt & Subs tit Jtca
