Daily capital journal. (Salem, Or.) 1903-1919, September 06, 1919, Page PAGE FOUR, Image 4

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    Editorial Page of The
Jour
CHAELES H. FISHES
Editor and Fabliiher
Capital
it
SATURDAY EVENIXG. ffiflK
THAI , Member 6, 1919. ggg
Published Erery E?enin& Except Sunday, Salem, Oregon.
Address All Communications To
AIJCM
130 S. (Jommereial St.
. 8VBSCBIPTION BATES
Bait. kT Carrier, tier Tear $5.00 Per Month-
BwUy by Mail, per yr J3.00
FVhb LEASE WIEE
FOBEION EEPBESENTATTVE8 .
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fe Dftjiy Capital Journal carrier boys, are instructed to put the papers on tha
forth. It the carrier doea not do this, misses you, or neglecti getting the paper
U you on time, kindly phone the circulation manager, aa thia is the only way
va n determine whether or not the earriera are following instructions. Phone
1 before 7:80 o'clock and a paper will be sent you by apaeial messenger if the
arrier haa miaied yon. '
TUB DAILY CAPITAL JOURNAL
la the only newspaper in Salem whoae circulation is guaranteed by the
Audit Bureau Of Circulations
SPEED UP---THE
There are too many people holding back just now.
It is one of the greatest causes of the high cost of living.
Too many businessmen holding back their expansion
and development plans. "
' Too many farmers cultivating less land than they
could cultivate, or cultivating their acres less intensively
than they could, or, raising fewer cattle, sheep and hogs
than they could. ,
Too many men are holding back from accepting jobs
because the jobs offered are not quite good enough to
suit them.1;''''.'" :'.'', "!''!: 'V...".:'';T,".CH".
; Too many miners and factory workers and other
kinds of workers doing less work than they are able to
do, and in many cases doing less than they are paid for,
Too manv unions asking shorter hours, when their
hours are already as short as any energetic and patriotic
citizen has any right to expect in the present state of
; affairs.
The great battle-cry of the war years was speed up
production. The nation speeded up. Nearly everybody
did his part. This is mainly what won the-war.
: The need this year is almost as urgent as it was last
vear and the vear before. The war losses must be made
upthe losses in wealth, and. the losses in life which
produces wealth. : . "
During the war . the world consumed more than it
produced. Now it must produce more than it consumes
for a while, to make things even. When that is accom
plished it will be time to even up.
Salem will be the most widely advertised city in the
United States before the year is over. Not only will
there be the newspaper and magazine advertising of the
PheK loganberry juics company, the King's Products
Company and the Oregon Fruit Growers' Association,
but loganberry juice bottles, packages of dehydrated
fruits and vegetables and canned 'goods bearing a Salem
label will be on the shelves of all grocery stores and re
freshment places in the United States and in many foreign
countries. This world-wide publicity is goine to make a
0,000 city of Salem within the next few years. See if it
doesn't!
RIPPLING
By Walt
THE TREES.
The trees have music of their own, a soft and soothing
monotone, that lulls a man to rest; I have a volume to per
uke, but, under them, I snore and snooze, my chin upon
my breast. To sit beneath a swaying birch is much like
being in a church; your drowsy eyelids close; and to the
realms of dreams you hie, until an active, loathsome fly
camps down upon your nose. ,How often I have lain
awake until I saw the morning break, and slumber would
not come; and I would sadly leave the hay, to face an
other toilsome day, all punk and on the bum. My nights
are often things of dread, I toss around upon my bed,
and find no comfort there; but when I sit beneath a tree,
the sweet restorer comes to me, its coattails in the air.
The trees have voices sad and sweet, their world-old music
they repeat, a solemn, sylvan choir; the same old. song
they used to sing when Earth was but a half -baked thing,
and mortals worshiped fire. They croon their mournful
lullaby while men are born, grow up and die, they -sigh
with every breeze: and when I quit this vale of tears I
hope to sleep a million years beneath the nodding trees.
LAJDD & BUSH 3
BANKERS
Established 1868
General Banking Business
Of ice Hours from 10 a. m. to 3 p. m.
OEEQOJS
..45e
35e
Par Month.
TELEGRAPH EEPOET
NEED IS GREAT.
RHYMES
Mason
THE WOMEN LINE UP.
Republican and Democratic women, as well as those
of independent political faith, are organizing for work
during the next presidential campaign.
It is a rare time for women interested in politics to
begin their education. In large , numbers they will cast
their first presidential vote at. a moment when the most
important political issues are at stake arid questions of the
oldest and the newest policy are presented for decision.
r. It will be to a certain extent a masculine campaign,
since the chairmanship of both national committee is held
by ,men,i men constitute the committees. But there will
be the opportunity for the wide-eyed women to accumu
late political learning on a big scale. By 1924 women
may have a voice not only in the final voting but in the
forming of platforms as well. It is a good thing to pre
pare for future responsibility by close study of political
methods and principles in the present vital. period. '
Chas. V. Galloway, the last democrat in the state
house and the only one who survived the last administra
tion, has refuted the old saying that "democrats never
resign Dy quitting his state job for a better paying one
in private business. Galloway's qualifications for this
particular laborious and intricate job of fixing up cor
poration tax schedules were such that it was felt that it
might make a good deal of trouble to displace him with a
political striker so he was allowed to remain. At this
time Mr. Galloway will be succeeded by Mr. Lovell who
has had many years experience in the office which no
doubt fits him for the duties so well performed by his
predecessor. ' '
The best argument in favor of the League of Nations
is found in the opposition of Sherman, Borah and Poin
dexter the tin-horn politicians of the senate, v
, , ' Another good thing about the League of Nations is
that Carranga's bandit reservation is not included in-it.
in it.. ", . v...;:.''.: " ' :.. ; ,
Hunting A Husband
BY MARY DOUGLAS
THE EMPTY HOUSE
I have done what, my wise little old
lady advised. Iliave opened t ho house.
And w orked. I have cleaned and dust
ed itud scrubbed. The little sitting-room
looks bright and fresh. Now tho shroud
ed pictures smile down at nip, uncovered.
I have filled tho hawthorns bowl with
Into asters. Even tke brass wood-box
gleams up at mo from the. hearth. -
I have- put on my little old blue taf-
f at. And I sit looking into tho red irlow
of my grate fire.
Bnt it is bo longoly so empty. "Tho
nurd work, made me forget., today. Now '
I can eveu,..Uuuk of th (Square us some
strange, dreamy interlude. Think, too.
of niv siik man without the sudden
eluteli eluth of pain at my heart.
Awny from tbelannu lights of the
fire, the room -is dark, eerie, I. could
almost feel;
The bell rung with a Ion; steady
sound. I jumped to uiy feet with a
xtnrtled cry. But when I hud opened
the door I saw Tom Smilinir at me out
of the darkness. . " '.
"So it's you, Sara," he "said giving
my hand a heaitv shake. "Mother mi, 'I
I saw tlie light under your shades. 'And
she asked me to look iitfo it.''
" Snri-i- T l, ., i 1' .
suit
1 ........ - ' .
.- - " "viiun, mm. 10
1 answered, we drew our c'tairs
up befme the little fire. "Jlind if I
snmlie, Sara?" Tom took out his fa
miliar pipe. Then looking at me, ho
burst Into his ringing laugh. "I beir
pardon," he said, "I forgot you're the
latest thing in women I"
' ' You big tease, "In aswered. ' Yon
know just as well us I that I'm through
with it all. That sluun-new -woninn-
"I am glad, Para," he said. "I wns
mighty afraid you would ruin yourself
the last time 1 saw you. Why, Srtra,
you'll make a splendid wife for some
man. But I would hate to see you turn
into the bobbedliuir new-art tvne of
girl." ,
Tom didn't stay long that oveninir. Hn
hud just "dropped in."
But lo:ig after lie had left me, I felt
n litle glow at my heart. "A splendid
wife for gome man!"
Bnt whom and when?
(Monday Counsin Madeleine.)
CLEARER IDEA
(Continued from page one)
town and people came running from Icertaiued and the germ found. That
all directions. Must of thcra were worn-'has been the way cures of other dis
en in their ''.Mother Hubbards." Ooa-leases, such as yellow fever, havo beea
ens of owralled, freckled younirsters, found, after medical authorities mm
bare of foot and tousled of head, I baffled for some time.". -sprinted
up. Few men anpenred. j Fess, who is a.ie of the republican
Vhen Wilson came out on the ulst- K..uA..n. ium. .i;rf:...,n.. ,;n
form, attired in Veiy correct morn-eIK.olll,tered when tho bill is finally te
iu coat, there was no applause but allxn.t,,, to tBC hnnSl, , k. ul mt.kc
horus of 'tlood morniua. Mr. Wil-I
tt..,i tVI..- A. ...... A .. : - , , .,1
"Glad to see von Mr. Wilson.' Ihe' V"0 ''"'a"v calendar so tnat t cn
prident was kep busv shaking hands i'"''1"0" r ".P y" .
for about five minutes.' He had a word1, A,,,ou ho,M b" Xaktn ,,e bel'"'".
for everybody. AV hen One woman wish-! ,H'tor' ,ho wnll'cr coines that encour
rd him luck", he paused in his hand-j"'8 tn" sl,real the disease and tius
shaking lone enoneh to renlv. eravelv.'!10'11' will -bo cmphasUed in the cam-
m... W uu, bit. MIH1'
' Thank viui. nindnni
I sincerely
ap-
predate that."
Use The Journal Want Ads!.Use "e Journal Want Ads
lc Word QassAd WiH Sefl Itllc Wcrd Class Ad Will Sefl It
OF
FLU CAUSES PENDS
Congress Expected To Appro
priate Money For Research
Work.
.Washington, Sept. 5.-
t..-n
Favorable action on the resolution to
imt;.,..,t.. i tne appropriauoiis Dv tue logasiature
investigate the influenza danger was . ., " , . . , .... . ,
, for the biennial periods 1919-H)20 and
predicted today by Senator France, 191'7.19i8 with a gtatement of the Uxes
Maryland, chairman 0f the senate com- levied for the year 1919, and a summary
inittee on public .health and national, of the taxable property in the state in
quarantine Which has the measure pond- i tho ' J"1 1918 Population statistics em
: I brace those shown by the 191U federal
rv T.. .i.i:.: .
be favorabbe," 8euator France said,
"although I Imagine that there will bo
abjection to appropriating $5,000,000 for
the purpose as called for in the resolu
tion. It probably will be reported with
n smaller annum as that seems r. little
linger than is needed for a scitntii'ic iu
vestigatien. "
Senator Franco,, himself a physician
in liultimore, Maryland, is fully awake
to the need of discovering preventatives
for the iiiflueuzii enidouiie which swept
m... ...a......... 1.,.
' """- vir wK b'""
,tf
over one-half million lives, Physi
cians are a'greed that until some way of
combating, such a menace is found, pub-1 ol the state J8o8-1919 and a list of tho
lie health is unsafe and it is the gov-. officials of the principal incorporateo.
eminent 'a duty .to aid a thorough study cities and towns of Oregon,
r i every way. . The Blue Book is issued at the Ci.-;'cst
Representative Fess of Ohio, author possible dato following the other ehang
of the bill, which provides a $1,500,000 es affecting the official personnel ano.
fund for the influenza investigation, policies of tho state duo to the bien
suid: -Jninl session of the legislature and the
"With no iuflueuza in the country to- jchanges of administration. Copies of it
day to any degree, congress is apt to 'will be .furnished promptly without
think there is 110 need for immediate ac-.charge to any citizen of the state of
turn. But tho fact is that all medical : Oregon upon reauest of the secretary of
authorities agree there is liable to be a
repetition of the epidemic which caused
ten times more deaths in this country
when it recently appeared than the to
tu losses of the American Expedition
ary Forces.
' Congress would be guilty of grosa
neglect if it did not provide for an in
vestigation of the causes of this dis
ease. That is the all important thing
we must discover first and it will ro
quire a large appropriation to
the services of the moat noted soien-
tists.
"The cure can not be found, medical
authorities tell us, until, tho caut.e is as-
every effort to secure for it a place
... . .....
paign to pass the appropriation.
E
IB
Revised Issue For 1919-20
Contains Fuch New Infor- ;
mation On State. "
The 1919-20 edition of the Oregon
Blue Book is now ready for distribu
tion. This publication compiled and
printed by authority of a law of the
1915 legislature assembly, which wascn1
acted at the earnest solicitation of Sec
retary of State Oleott, in order tost the
citizens of Oregon might be convenient
ly supplied with a useful and authentic
reference book, relating to the various
state activities, and contain in addition
other general information relating to the
state. .
The current publication includes, am
ong other things, a sketch of tho On pi
tol and Supreme court buildings, a biief
historical sketch of Oregon by Piofcssor
Joseph Scliafer ' of the department of
history of the University of Oregon,
and n brief statement, of the organisa
tion of tho Oregon provisional govern
ment by Mr. George H. Himes, assist
ant secretary of the Oregon Historical
society. It also contains the declaration
oi Independence, the constitution of the
ITnited States, the act admitting Oiego:
to the Union and the act of nceeprsitco , form of profiteering, . or of excessive , much necessary legislation. Tho JSdg
by the -State of Oregon of the prcposi- wages, or of lesseued production, or of , bill, which -aims to provide means for
tions made by the federal congress of ' extravagance will simply delay rccon-1 establishing foreign credits, is practical
Oregon.' Tho complete text of the O:'o-1 struction and aggravate a bad situa- ly at a standstill, although there ia 11
gou constitution is ineludcd.JEt .niso con- tion. lo opposition and, the need of passing
tains a list of the various state, district j The Labor Outlook. the measure is urgent. Our export trada
and county officers, and a list of the I President Wilson gave the railroad may suffer, because Europe is quite un
various state activities, which embraces men some sound advico, which they able to pay for needed gd in either
the several state boards and educational seemed reluctant to accept. He told monCy 0r merchandise. For our owa.
corrective and. charitablo- institutions.
with the functions of each outlined. A
ti$t of the federal functions operating in
Oregon, with the officers in charge is
also given. There are alo, articles cov
ering the federal naturalization laws;
the Capitol building" at' Washington, the
i'resident of the United States, his sal
ary, title and term, and the presidential
succession. The national flag, Btate flag,
state seal and state flower are also do
scribed. Legal interest rates and legal
ami school holidays arc also given, as
are also the qualifications of voters in
this state. Lists of the state depository
libraries and of tho state financial de
positories are included. Election' sta
tistics of tho gcnoral election in Noveni-
ber 1918 nro uiven. toe-ether with a ttble
of-thu various initiative and ref ereu-1
- .
Hum measures submitted to the people' , . .
under this popular provision of our on-'?he ." 8tnke8 lf "terufc
Istitntinn from H)(i9 fn 101Q i,.l,.iv in
also "lt'lu,1'-'d- "here is a table showing
interesting matter, a list of tho officers
of the territory and state of IMegon,
and of the newspapers and postoffices
of Oregon is given. "
Practicajly all of the foregoiug uat
ter has beon contained in prior issuits of
this publication, but is brought down to
date with such additions and changes a
tiny, has necessitated.
The now matter embraced in tho cur
rent publication iiii-.ludeg a list of the
national and stiito' officers of the po
lieal parties in Oregon, a statement of
the registered motor vehicles, chauf
feurs and dealers 1905-1919 inclusive,
general summary of the taxable property
stato.
P
V State House.
.
The monthly financial report of the
industrial .accident commission shows
tjS
77 " . " ,8 " it,o.u-.
tho
and
that the total number of accidonts re
ported were 215o". There was in the
accident fund a balance of $1,114,014.59
and the segregated accident fund show
ed a balance of $1,906,280.44.
Responding to the lure of a prospee
tive $300 fee, an Oregon City attorney
-has instituted a damage suit in the
sum of $1000 against Oregon and AVash
iugton deputy fish wardens because of
the- seizure of an illegal catch of sal
mon on tho lower Columbia last May.
The deputies discovered a cache of sal
mon, cont&ins about, four tons of fish,
at 8 o'clock in the morning of the
opening day of the. fishing season. At.
the law provides that the seasou opens
at 12-o 'clock, the catch was technically!
illegal, and was confiscated, sold and
the proceeds divided between the two
states. The violators virtually admitted
the violation by taking- no action in
the matter, bnt were evidently induced
by the attorneys to institute the suit.
His excellency, the governor of Ore-
Economic Situation In U. S.
At Present Hard To Analyze
Satisfactorily, Says Clews
New, York,: Sept. 6. Owing -to the.', ing power of the dollar; Therefore,
multiplicity of conflicting forces it is! jf we have -cheaper Hying , present
almost impossible to satisfactorily an
alyze the present situation. It is quite
plain that our difficulties are both so
cial and economic; that many are di-
rectly duo to tho war, and that many and if continued in will end in detri
others antedate the war. Social unrest I ment to the laboring classes rather
has been growing for over a generation than belief it. The masses in this coun
and threatened a crisis jnst before tj-v derive the greatest benefit ia
Germany precipitated the great con- times of prosperity,, not in times oT
flict. The desire of the working class adversity such as these strikes if left
for better living conditions was the to work themselves to the end are
mainspring of thnt crisis, and it was fur-1 likely to bring about. Learn the fate
ther stimulated by the determination 0f Germany, Hussia, and Austria-Hun- :
to curb the monopolistic tendencies of gary, all before the war prosperous na
the 'times. In other words tho object , tions, but by the war prostrated almost
of the pre-war crisis was a more cquit-: to the dust, while the rest of th
able distribution of wealth; and Jhe . world was crippled most seriously,
war did not stop his movement, but', even including ourselves. What wu
on the contrary, distinctly intensified j the war that produced this great dis
it. The war, moreover, immeasurably aster? .Nothing but a big strike, una
confused the situation by an unpre- which we all know now was a signal
cedented destruction of life and P.rP- failure for the originators of it. If com.
pcrty which left a startling scarcity ; mon 8cnS(, M vailcd M tue VCX(.a.
of both labor and commodities The j ti()!18 could. havo ben nmicaWy Be
present work of rocon.trurt.on is there- by arbitration. m4 ,aLor' trou- -fore
handicapped at the start bv con- , , ' , , , ,
fusing combinations of psychological i bIes could- d should, be settled m tha
and economic disorders, for which there , 8ame way- .
is no possible cure except through al , Nd Legislation.
ortim.a coiirx. nf iiiflnatrv eennmn v Belay in ratifying the peace tuonty ser-
Anil forbearance All selfishness in the
I em PW. tnat nigner wages ana
snorter nours wouiu ' mevicaiuiv. raise
and not lower the cost of livg. He,e3tecuti th f u C0,Pni0(t -showed
them it was more imiwrtant to ., , , .. . . .
raise the purchasing power of wflge, !Bd plans are still in process of for
ty increasing the product than to make ntln- ?r.erftmfnt w'P " f
.ii.. .ttLt. i.ii.. .i other socialistic proposals are fortunate- :-
bv hieher waees. It would seem that.,
while radical labor refuses to learn
these 'homely truths except by hard
experience, conservative and non-unionized
labor is more or less inclined to
accept the president's advice. One
thing is certain, labor is gradually but
surely losing former public support by
its present extremes; and radicals, bent
upon a policy of rule or ruin, are sure
ly riding for a fall. There is no. ques
tion whatever, about public opinion be-
ln overwhelmingly against extreme de-
' iacis aouDtiess nave!faeo iagKavd alut unwisc wisiation,
TTlllPh TA fin With fnpi'Ollt hniiaf thnt ,r .
" w" ProvO laiiure. At I1I1S Writ
ing,
the mitlnnlr knn... ho ,' "f""! uo...pruu win
nM.niriiitr miH
labor leaders are cvi -
dentlv ninvinu rnntiniialv ft.lW -o.
Jhnt the public is weary of strikes. Ap
r J . F
parently a moro conservative policy-
is in prospect, especially since the re
turn of President Gompers from Eu
rope who though aggressive on. the
side of labor, is not only opposed to
the- socialistic element, but is also too
shrewd to go so far in his demands a
to invite- failure. Out of the present
crisis better and more satis-faetorv
methods of settling' labor disputes ' growth of large crops abroad than ex
should arise. There is no reason why pected had considerable to do with ou.
"vu M'"l"'" f""""i noi oe suDjcct-
uu lv "fguuiniipii, juni tue Hamu as
any other ibnsiness transaction. Dis
cussion, arbitration or-, appeal to the
courts, should take the jdace of such
barbarous methods as 'intimidation,
strikes, lookouts and force. Profit
sharing, representation in manage
ment and other panaceas have their
advantages; but no peace on .either
side is possible until both parties are
prepared to meet ou the basis of the
square deal and mutual consideration,
or live and let live.
This is not a time to strike for
Jiigher -wages and shorter hours. The
thing to do is to increase production
by working harder, even if the work
ing day is longer, which will automat
ically reduce the price of necessary
commodities and increase the purchas-
. ... . . , , . , ,
gon thinks he has had the last word
m the matter of a special session, but
Vtvian Pierce, have started an invasion
among h const.tutecy that is calen-
wntd. e ,f0dlfy th? ,terms
which he has made a special session
prnetica ly impossible A formidable
g,;oup of suffragists will tour the state
with a view to "temejrin, legislators
and editors and spell-bmd.ng voters,
hoping thereby to compel action at.the
sUtehonse.. ... t. . . . i v:-:
Added to . the other woes of
Rupert, now splicing out his interrupted
term at the penitentiary after a spec
tacular escape into California, is the
separation from his wife according to
recent report. It is stated, thnt the wife I
has not only secured a decree of divorce,
but has taken a second husband irr the
person of a returned soldier.
'$''
LIBERTY BOND QUOTATIONS
.
,. ' .,
,T Yro,, 6-Irty bond
quotations: 3 H 'a, 99.84; first's, 94.54;
second 4 s, 92.80; first i 94.00;
second 4M s, 92.96; third 4U's, 04.9fi;
tourta 4ii s, 93.26; victory 3 99.54
victory 4 's, 99.32.
Use ;The Journal Want Ads
lc Word Class Ad Wi Sefl It
wages will be more than adequate on
account of the increased purchasing
power of money. This eruption of
strikes all over the country, in fact,:
; nil over the world, is becoming a craze
iouslv interferes with the progress of
good we mmt n crodit and tbe
anmn A,un,.n' i i ,
n0 lonKer eenously considered; anft
the present drift' of both public, and ex
ecutive opinion, is toward a 'plan that :
will accord fair treatment, not only ta
labor but also to the publio and to th
owners of the railroads; the last two di
visions having been almost entirely for-
gotten. There are also a number of
shipping bills before congress which caB
tor early consideration, if we. are i
avoid injurious confusion in our newly
developed Shipping; industry,"' -which is
handicapped enough without having t
The Drop in Exports.
The decrease of $350,000,000 . in ou
July exports, compared with June, it
i "",ly uu, IO n"W agneui-
1 tuml P'oductS.
m Dreaustuiis tnei-
'was a ,0BS of $63,000,000 in meats $70,- '
non OOO : Ano. 4 . til nnn nin -1
000,000, in cotton $11,000,000, in mineral
oil $10,000,000 and in cotton oil $4,000,
000. These five groups represented a
total loss of nearly $100,000,000. or air,
most ouc-tmlf of the total decrease. Be-:
liable details are not yet available as to
what countries lessened their purchases
in tho United States, but it is prabable '
that derangement of exchnnara. and
lessened exports,
A Good Business Outlook.
-'Business .'conditions, gencrnlly speak
ing, are hopeful. Should labor settle
down -to a more norinnl Attitude im
provement may be expected for the rea
son that many enterprises and eiilnrge
mef.ts are still pigeonholed awaiting
more stable conditions. The American
harvest is progressing, and while our
yield of wheat is below early expecta
tions it is much above the average and
will be highly profitable in the aggre
gate. The corn crop will also be large
at very high prices. Cotton is a short
crop,- but a good surplus is left from
last year and growers of this staple are
also making good money. As a whole
the farming classes are exceptionally
prosperous. So, too, are the industiriiil
land mercantile classes. The high cost
0f living question, which is chiefly f eft
m the cities, seems to be near the , o
distK.nt. Agitation in the press and cZ
ernmet acFivities, thougherS
venting profitteerlng, are aot much oil
SUCeess thus far in lowering prices!
Lhi eh can be accomplisired only ify pe,
sistently in.rcamutho prodwu The
laer will be a slow process, for , 0 gov!
emment, however powerful can perm
ently defy the laws of nature, eZZl
ly-that of supply and demand. The
I monetary situation is fairly
satisfac-
Bed"tory, though-the loss in bank reserves
last -week produced a temporary flurry
in rates. The position of government
fiuanccs is steadily improving, owin t :
'the large curtailment of emend'-tni-A0 T.
further Drnsress. mul it- is iiBt ........... '
'for the government to economize . for
individuals, since excessive taxation is
still sapping the life of business.
Stock Exchange Drift.
On the stock exchange there htvs bec
considerable activity, but no settlea
drift in either direction owing to the
numerous and verv familiar linsettlinr
j factors. There is, however, a widespread
undertone of confidence, which in event
of favorable developments would bo re-
fleeted in a sharp recover, the deelie
of the past few weeks having
counted all known unfavorZ e t
ments. Friday's reeovry was distinct-,
ly due to the president's decisive atti
tude regarding the railroad, strike. .At
the moment transactions are somewhat
deferred by approach of the La'or for
holidays, which take an unusual nuaiber
of operators out of the markel.
HEJiHY CLEWP.