The Seattle Star Newspaper, December 14, 1920, Page 16

BUSH SAYS’ OPTIMISMIS: DAY'S NEED. - Period of Readjustment Is Important for Capital and Labor Alike BY IRVING T. BUSH (Pounder of the Great Bush tol Gales o., tn New York, Which Bimpilo. 90,000 Men.) When business is on the upswing there is no danger in being opti Mistic. When business is on the Gownswing, It te unwise to be pews Milatic, for pesaimism breeds discour Agement and loss of courage ts the “father of faiture, Restrained com. WHO sense is good at all times, It is on the down absolutely essential Swing. This country has passed thru five years of unexampled prosperity Period of readjustment has Ghivek There is nothing to be gained by Felting blue because business cannot Continue forever on the upswing, It Mever has and it never will, and if We look at the best interests of the Country, we must be forced to the “onclusion that it is time a halt was/ A generation or so ago our bust ‘Ress affaira were local to this sid the Atlantic. Today they are inter Rational and if we are to continue to endlessly boost the prices of every thing that goes into a manufactured Product, the time will soon be reach od other nations will undersel! Ms.ih the markets of the world Preservation of our foreign ta is, if anything, more import: | ‘te labor than it is to the owners! Industry, and the important fact} everyone, labor included, is what contents of the pay envelope will 4m the way of comforts and hap- | ‘Tt t& far better to keep the cost of care and happiness on a basis ft can be purchased in this try for no more than it can be tht abroad. CAPITAL LOSE Bnd it is best for everyone to fa *| ‘Ship News Tides in Seattle TUPSDAY | DRO, 14 Aint Lew Tiée | m, 00 M(t & ft Pies teh Tide | Pint Hixh m., 12.4 fe) st second Low Tide | Second m, 66 ft “ay | ‘eecond ¥ igh Tide | Second lem pom, 09 el tae pe PIRRIE VICTIMS ARE LAID AWAY. | PORT ANGELES, Wash. Dec. 14. |The 18 victims of the ilfated barge W. J. Pirrle were burted in one grave in the bay just soath of Cape Johnson yesterday A beautiful casket holds the bodies of Mrs. Jensen, wife of the captain of the barge, and her babe, Haake Jensen. The rest of the crew are buried in rough coffins, constructed out of fotsam of os we od vouwel, the | "| Judgment "Awarded Against Steamship! CHICAGO, Dee "4 raine were Judgment of $2,616.58 was award’ firm on the Chicago Moard of Trade led the Fishing Owners’ Marine today, Sh vering and fair com Way poration aa — vlan. Kt ® firm tone at the opening ship Gedney in federal court Mon- which was followed by good malta day. The vessel was Mbeled for in wheat on light receiptn, Corn supply bills and back wages for the |WPak at the opening, recovered later - if ate we dull and the market crew, | weak Provisions were higher in eee |sympathy' with wheat ° December wheat opened at $1.69, Admiral Watson to up Us. and tater gained 34. March ; Wheat opened off ac at $161 Replace President! Tacrsivancea (yo! 88% The steamship Admiral Watson has 71, and later was Up lise: May corn been withdrawn temporarily from the obened at down ‘4e, and later Southeastern and Southwestern Alas (OVMnred | igei July corn opened off kan service to replace the steamship mber oats opened iate at Governor in the California run of the up Sc and rem Pacific Steamship company The May ents on Watson will sail Wednesday for San Francisco. . . Wheatland, Montana Battered by Gales Rattered by a succession of heavy gales encountered daily on acrom the Pacific, the steamship Wheatland Mont., Pacific Steamship pmpany, arrived here Monday after noon, The veawel brought nearly 2,000 tons of cargo to this port. eee Storm Beats Ship Back Into Strai PORT TOWNSEND, Dee. Jim Butler, en fue its trip! / De p and later advanced Chicago Board of Trade (Tereday'’s ae mg 1.13% Pray tere ‘Lett 0% : a “an ery os 22.00 13.57 13.50 a4 May 11.59 ioe If we do not do this, other nations The steamer ‘Undersell us in foreign markets, | to Santa Hosalia, was forced to put botir the labor and capital ofjin here to renew her supply of country will lose that part of/fucl oil after three unsuccessful Job which is represented by pro-| attempts to pass out at Capt Mlat manufactured goods which tery. Exch time she was driven gold by us to the people of other) back by the heavy weather, oe Chicago Car Lo (Monday Quotations) Furnished by L. 8. Manning 19 Avenue 6 w : Corn. = During the war the world hes laid! Pee TOYAMA MARU, N. ¥. K./O=" "O48 S money on our counters and de-| epEAMSHIP, wil! land ‘ rn Sh Riya Our goods because we were! yor instead of Victoria, before pro rd producing ee jp Faso ceeding to Seattle, it was learned to- supply ther wan’ pel day & wireless, ended and trade wilt return}? Rorma! condition, which means Ww. ‘canaine eather Bureau Ganges tr foreign TATOOSH IRLAND, Dec. 14 —-Harometer failme. clear; wind thie period of readjustment | mies an hour. Passed out: A two-mant- (266 lo . thas people who havejed steam schooner, lumber. 7:90 tock, Timi fa ay be Passed tn: A two-masted freight ok. WE wi wat Dave 8 vy yg cHIcaao, 56,000 head Dee. 14. market Recta Cont Ret. LAr . a Chicago Live Stock ts a Ce, 1 7 market Phug in the old acceptance of that a wee, $4.25 Arrivals. and Departures) «+ term “panic” tn days gone by Arrived associated with an actual! December 14-str Towser trom Vancoo-| N.Y, Coffee and Sugar y to get a recognized circulat.| ver. B.C. vis Comox, Sod et ASG |, NEW YORK. Den 14—-Suger Bg Medium. ‘The ignorant have be-|£°""n "str ques from han, Diego. vin |* ¥, the banks for something they take home and count. _ That was because we had a poor San Pedro and San Francisco at m.; str Cordova from San Francisco and Vancouver, 2:50 & om December 13—Str Ixntom from Mantia — 4 Dairen and Kobe at 1:15 p m. _ With the federaj reserve system Balled faction, the necessary circulating | December 14—#tr Admiral Rvans for) m Bas 0 San Franc 1 can be provided and the| {ro at noon Sacudsemhaenestas | can be applied with sufficient) December 12—fte Hawall Maru for re to prevent everybody from be-|Tscome at 4:4¢ pom jolted out of their seats. eee Our blessings have been recounted Alaskan V: esse! BAN FRANCISCO, ‘#0 often that everybody should know | 2 acthatiod eduainer vels Jer. | Extras, Sle per tb; B86 otter lire 3426, Dee. 14 | them by heart, but when a man feels | ¢.r0n southtoond, nt > per ib, ‘Boe about the future of this coun-| “ne Oe hm Beee—Rrtren, tie per dou; extra firsta | try, it is wise to sit down and count A saaiehea aula the per ee . | them over again, recall the days b¢| Wessels in Other Ports ih | fore the war, when the people of the; Posten—dalled December 10: Str a . | United State owed Europe vant|Ohioan tor Seuitie via porta” "| Doetand Market Status | - @ums for money loaned to us for the | gareus from Beattie via porta. Hailed De- D, Deo. 14-—Blarket somtnal Purpose of developing our resources, | comber 5. Str Toyama Maru for Seatile od Receipts, > . NEW YORK, Dec. 14--Poret via ports and Victoria, RC. at Tp m.: fi str Wheatland Mont. from Shanghal via tower Storune | hw mer prime firsts, i} Foreign Exchange tn nen} | oriing | But : and when we sent hundreds of mil-| ¥!4 ports Hoss 30, Nions of dollars a year abroad to pay er rl ees, Bete et ton ihe the interest on this borrowed capital. | Str Ku-| #heep—Market nomial and wnehanged. | Today that debt is paid and we str Mexican for Be- te per tb, Fs ember 13: Str West} Bre the chief creditor nation of the spy Beg a ~~ world. December 7: Hens From a money aided, ‘te ann 2 for Puget Hound porte _ look the world in the face. The es- eee Deceiney 28 2 Mal thing for us te preserve te 8% Adtuiral Dewey trom Beattie: Denver Live Stock Market that greatest asset of all—the spirit! Alabama Maru for Meattic via port ; market of America. This country has not ype fi Fn oe inet Seite $9.50; cows and latled > of : r oe an rene) ot grown great by sitting down and Heattie at 16:15 a. co Liprage cineecigen 4.040. bee! talking about its resources, It has, Balled December 14: Str jto er. Top, $9.60; bulk of salen, grown because its people have rolled | Teucer for Beattie at 7 a im. up their sleeves and worked, <2 @ if sarees fei ° y ewes, $3.25 | | SPIRIT, COURAGE Reported by Wireless 5.25; NEEDED Canadian Govern: We are in a position to withstand money panic, and, in fact, any kind of a panic, except of our spirit and courage. When we begin to belleve that we can produce without work, ‘and are entitled to comfort and lux ury without putting our backs and brains into it, then the danger signal Ig indeed set. The man with the right etuff in side of him thrives under a little ad versity. He cuts out his foolish ex travagance and gets down to real, honest work. And a nation is but collection of individuals. come thru with a new mits aa Bank in Arizona Forced to Close PHOENIX, Ariz, Dec. 14.—Inabil- ity of cotton growers and stock | raisers to meet their obligations ow.) Ing to depressed markets, was given @s the reason for the closing of an- @ther Arizona bank today, the second fo clone its doors within the past four days. The latest institution to suspend business is the Holbrook State bank at Holbrook, A state bank examiner has left to take charge of its affairs. Last Saturday the State Rank of Glendale at Glendale, Ariz. cloned ita doors. Granulated Sugar Price Is Lowered SAN FRANCISCO, Dec. 14,—'The wholesale price of granulated cane sugar was cut today from 9 to 8% cents per pound, the California-Ha walian Sugar company announced. Beet suger was expected to lake a gular drop Those who are worth while will December 13--8tr Wilhelmina tule for tan Frenciece, 400 miles trom San Francisco at 9 p. m.; atr Admiral Rodman, Ocean Fails, B.C, for Tacoma, off Namu, southbound, at 10 p. m.i ry! Admiral Rodman eight miles south of Ocean Falls, B. C., at 3:50, southbound. U.S. Naval Co: December 13—tr Qu San Pranctecs for Beattie, 151 miles from Seattle |P. m.; str Griffdy, Ban Francigeo for bee attte. mbta River at § p. m str Onsaqume att k, Ban Francisco for fo 220 miles from Beattie at & p. m. . Vancouver, Tt, C., for Bout len from Seattle at % p.m. Ison, Kobe for Seattle, 2,210 milen from Beatle December 12—atr Hollywood, Honotutu for Beattie, 230 miles from Honolulu; atr te Inon, Kobe for Seattle, 2,463 milan io; wtr Douel, Beattie for Yor 00 miles from Cape Fiattery oes Casualty Str Haxtom—Went on beach off Co tumbia Kiver due to deranged steering ever: now im Amtoria Harter tor repaire | Vessels in Port at Seattle Smith Cove terminate Rastern Land str Unaiges U us aL Pier &—Htr I Pier b—Hir West Ivan. Pier 2—#tr Santa Ana, #tr Alameda, atr Victoria, wi via. Pacific Coast ¢ unkers—fitr Yonomite, 18 1, 8 Awifteure, str Admiral Wat- ra, atr Norwood. Queen. | ‘ext Norran ‘en steamship fitr Bkagway. Lander at. terminal keratiold. Hpokane at. terminial—Atr Moerdy k. Kast Waterway teriminal—BStr Went Jes- sup, wtr West Himrod. Todd drydocks—Bchr Columbia, str Spo- | kane, atr Bldridge, Puget Sound Bridge & Dredging worke— | Mtr Patterson, hull Rainbow. Amen yard—itr Roowevelt Heffernan dock—Htr Santa Flavia, Fisher's Viouring milly—ttr Wheavand Mont Btrcam—Duoy 6, ate West Hartland a | ture. | the GROCERY MEN FOIL TWO THUGS Simflar attempts to rob the man- agers of two groceteria stores were frustrated Monday night by identical tactics. } Oscar Atkinson, manager at 201 | Eastlake, saw a man pacing up and | down near the door. Suspecting him, Atkinson left all his cash in the| store, locked the door and threw the key back inside, Manager D. Roy Joyneon, at! Seventh ave, W. and McGraw st.,| did exactly the same thing. As expected, Atkinson and Joynson were both held up, but the robbers got nothing from either. SCHOOL DRAFT IS COMPLETED Members of the joint board of higher curricula met here Monday | nd complete! the first draft of! the report which will be submitted | to Governor Louis B, Hart pefore | the convening of the state legisia- Agreement reached on to encourage has not yet been the recommendations increased attendance at the state normal schools. ‘The board will also make recom mendations for the readjustment of tax le higher learning. for Institutions of irepean relief workers have ob- served that & woman can live longer without food than 4 man |other two are nearing completion THE New 4 Dee. ocks opened slightly lower today. United Steel was o} ¥°) he fow issues holding at it# closin ce, . Chandler was off %, at 73; General Motors 12%, off %! Mextean I Joum 131%, up 1%; Maldwin 85%, off 4; General Blectrio 118%, un changed; Texas Company 41%, off %; Northern Pacifie M4, up Mai] American t Sugar 40%, orf Studet 40%, off % w Haven 164, UP YM: Norfolk & Weatern 93%, off 4; Texas Pacific 38%, up Anaconda 37%, off \; Pan-American 754, off “i American Woe 624. up % therm Pacific 9 up \%i Reading 80%, off Recoveries of from 1 to 3 points were common after the heavy open ' Steel common led th y. Mexican Petroleum advanced 163%, and Pan-Amerioan 1%, to 77% A few stocks advanced in afternoon trading on favorable divi salos reports, Bears-Roebuck made § as awainat 91% touch first hour, ‘There had been heavy se before on reports that the com pany's sales wore running behind the usual r showing, On expec: | tation that the usual Vanadium Steet dividend will be declared tomorrow | | that etock advanced 2 points after its carly low around 36 | The market closed strong | -_-- _ opment eee | | GOOD GAINS IN| | neste Quotations | aco, | Mien Close 0 *% WHEAT PRICES = ig . % 7% ” iy 8th mm 8S me 13% 1 " sim 26 37% 85% 20 18% 19% 6% oy 64 f 4% sy OS 1% «99% 3 rae ‘ 1% 7 “aK 6 Ton o% 30 30 1% 1 ie 46M 48% 624 1894 180 i 1% 1h tbe 18 +s Rit 1% 80% BON oy Nh te | 6% 60% 804) 23% “LIBERTY BONDS Wen Lew -% so ‘ sh02 rari anne ” ‘ Rovian — First 2% Hecond Viret * Becond 44" Third ¢4"e 9510 htt | Pallets ° Fitth 4's P12 96.12) Mik—Per owt DATRY PRODUCTS Prices Paid Whelessie Dealerd \n | LUMBER TIMES *== Altho demand and prices tn the limber business are not so good ns at the beginning of the year, yet there is cause for rejoicing because it has passed thra the worst of the readjust ment period affecting ail business, ac. cording to a review of lumber condi | tlons in the Lacy Timber Digest, pub- | Geese linhed here. ‘The review, entitied “The Lumber. man's Christmas,” declares: “There in reasonable hope that greater sta-| bility will fol and with the build ing requirements of this nation far from filled, the immediate future holds great promise.” LAUNCH WARSHIP IN TACOMA FETE, TACOMA, Deo, 14—The TU. & 8./ Omaha, first warship to be built in a} local shipyard, was launched today by the Todd Drydock and Construc tion Co. In the presence of a large! crowd, including naval officers from the Bremerton navy yards and army | officers from Camp Lewis. Miss Louise Bushnell White, ap pointed by Mayor Smith, of Omaha, smashed a bottle of real champagne against the vessel and christened it The Omaha, said to be the «peedi ext scout cruiser in the navy, ins the | first of three vessels of the same aize | | to be built by the Todd yards. The and may be launched in a few weeks. The Omaha is 550 fret long and will be armed with 12 six-inch guns, two threepounders and two anti aircraft guna, GONE WITH HIS KIDNAPED SON Ferdinand E. Chavez, 30, Spaniard, Is gone. “Investigation shows he probably left here Thursday and arrived in California Sunday,” was the memage sent to Portland authorities by the sheriff's ofice here Mon after two-day search for the man who is alleged to have snatched hiv 4-year old son from his aunt's na in Portland Wednesday, and fled to this ety Deputy Sheriff Herbert Beebe, who wag assigned to the case, reported that @ man answering the descrip tion of Chavez boarded the ‘fie Steamship © steamer Thursda night, after leaving a posteard wit! the agent to mail. The card sald: “I am bringing him with moe.” According to Portland authorities Chavez probably kidnaped his chil in revenge against his wife, who re used to affirm to the draft boar that he was supporting her and the boy, an dthus assist him in obtain ing exemption oe BANK © Clearings | Balances . | Clearings ... | Balances .. Clearings | Balances . | Clearings Balan ‘New York Stocks in |SANTACLAUS PRICE OF HOGS Upward Move After | APPLES HERE AGAIN LOWERED! Slight Opening Drop rer ™ a DAIRY PRODUCTS Prices Paid te Shippers Nuttortat oe £20 04 Faas Fresh ranch Hoge Facey Veal Fancy eases Medium fs Quotations at Mock yarde Primes Medium to chelce * 1. 7 1 ® nS: a + 2008 HAY, GRAIN AND FEED Wholesale Frice Fer Tea, City Prise Pry” 1 idee 53.96 Limestone Grite Granite Grite Linseed Meal Kag Producer Meat aed Bene- Kantern Ment Seraps Moinases Dairy Feed. Shett Meal—Cal ter foyn Bean Meal; Floar—Per bt Boat Schédules From man Do SAVE MoneEY- TACOMA SAFTY - SPEED - COMFORT 1%, v +: ig PA foe Ha S120 VICTORIA. BC PORT ANGELES - STRAIT POINT DAILY AT MIDNIGHT SAN JUAN ISLAND POINTS 12:00 sidnight, Sunday, Thursday BELLINGHAM- ANACORTES PORT TOWNSEND RAIL CONNECTIONS HOOD CANAL POINTS NEAH BAY & Way PORTS PUGET SOUND NAVIGATION te) ‘OLMAN DOCK: F AARION sept tim rca ngs aeons Wy sabetnntethnt! TUMEDAY, DECEMBER 14, 1920, ats Colorado Banks’ Failure 'URGES TRIAL OF | Last Chance! Puget Sound Power & Light Company's 8 Per Cent Five-Year Gold Coupon Notes Dated September 1, 1920; Due September 1, 1925 Price, Par, Plus Interest Sizes $100, $500 and $1,000 YIELD 8 PER CENT Dexter Horton Trust & Savings Bank, Trustee When you read this there may or may not be any of the five-year 8% notes left for sale. This is because the small amount not yet sold is go- ing fast and we are sticking to the principle of of “first come—first served.” YOU MAY BE TOO LATE If you have put off investing for any' reason; do not delay any longer. It may be your last opportunity in many years to get the obligation of a solid, progressive, well-managed home Company, furnishing a necessary service and paying you 8% for the loan of your money. Don’t Be One of the Disappointed Ones OUR OFFER First—Notes in limited amounts may, if desired, be purchased by paying 10% with order and the balance in nine monthly payments, we retaining note until final payment is made. Interest at 6% will be allowed on installments paid. Amounts paid may be withdrawn at any time before final payment is made, in which case 4% interest will be allowed. Second——Notes may be purchased by 10 per cent cash payment, and the balance on or before January 10, 1921. Fuller Information may be obtained at any office of the Company CONSULT YOUR BANKER Puget Sound Power } & Light Company DENVER, Dec, 14—Hank ex | 2 left bere today to Invest { the condition of two banks th 4 pg! to open thelr doors yerterday, Mame | the Farmers’ bank, at Tinmath, nu yp petite, Ink chee! , CTHICAGO, Dec 1 0 “! Se ee ea ear leabantte thi ie. 4 Stone stumped Iain Astistant“onU.' S.| 25, 7armery: Seah st camel nd sweet, have arrived on the mar. menerally th ne Middle We | | Kirk, Colo. Officials of the banks ket for Chrixtr This in the only pres om oe cong sa ag ma A tom Board Makes Report declared that overloans to farmers! time of year that Lady apples are in| iricans influenced heave. at * Phin! OR. and general reduction in the prices of |demand, for they are primarily a| Receipts were xtra large ut prac-| oy. Wo nee rots Dee. 14-—Fifteen | farm producte were responsible fog ‘ ge at pre prone « attorneys and five trial! the closin f the institutions, Santa Claus delicacy, chiefty used to | teally all yards |lawyers whould be employed by the decorate the Christmas tree. p The « D today government » “proneew' shipping Iet us hope mat the coming apples are quoted this season for rt bd srvera! Dinca, GF compared tioard fraud rtin J. Gillen,| woman will be more prompt than with four yea on mer execut tant on the! going one off generally from 2 ard, today recommend in a it ————— lettnee from the South came! to 6 . ’ , hee ton report to the Walnt ing n and wan distrib eee nites ces on both fruits! CHICAGO, De 14—Hog prices! (Gillen did not appear today tn per L “ rematr end struck & new low level here today | gon Igoe The same condition p ailed in the when the market declined from 25 to} award Denman, first board chair as dair rket t ff nts pr prices quoted at from | man, continued to tentif ring a £60 to $9.10, Prices quoted today | jong, Je said American » ng suf Local Markets Jaro the lowent in the last four years, | ¢ered because his hot I Your ves Framinea anda Prices Paid Whoiresie Dealers for it was stated | not carry out his Diesel engine pro Glasses Fitted—Brokem Veartables an “ef ect r, * ses Dug Ariteheheg Par th AST BT. LOUIS, IL, Dee, 14.) Gillen recommended all officers of " . Hog prices hit new Jows here today,| ships and all officers of ex ie ‘ x with the bulk of miles $9.15 to $9.40. | operating under the shipping bos a Prices were off from 40 to 60 cents! be required, before recetving Celery Local, per dor from yesterday, Kough grades sold | salaries, to take oath they b Cacumbero—Watla Wall at $8 received and have no knowle eo, per don see | oar ose bee Os i rebates, bonuses or bribes. 1 he , INDIANAPOLIS, Ind. Deo 14 -leviean complete abrogation a ? . per th,” rm Hog prices dropped to a new low! present ship sales contr and A Some Ferg Fer ©, +00 here today, The market was 25 to 50| making of new arr: 4 al, per bunch « cents lower and prices were from) Gillen said the “/ ) market By having geod eye 4 $9.25 to $9.50. for ships is whot to pieces” and that sight. s | nls many of the move sr Gu & KANSAS CITY, Mo. Dee. 14.—! ping board ves a * . rh amined here and also The hog market here today sank to| be financially destroyed at an ea as 9 1 a joweut levels since March, 1916, when | date.” Therefore, the government fitted, «@ tbs. prices fell from 30 to 40 cents, with| should take back all Its ship sale have good eyesis quotations ranging from $8.50 to/ contracts, adjusting prices anew and While you're shopping $9.10. making other contracts, he said drop in and have your o*. 2 “There are a great number of In eyes examined. OMAITA, Neb., Dec. 14.—Hog prices | efficient members in the shipping | dropped to new low levels here board operating companies Prices ranged from $4.60 to $ nels should be taken awa Extremely heavy receipts at the prin. | them,” said Gillen, urging also a com £Y ERSOL E « pal yards caused today’s break, ac | plete separation of the shipping ‘QD cee joa cording to stockmen. | board and the emergency fleet cor Seine | poration and additional regulatory OPTICAL co. Oregon, bo The new threestory bufiding | shipping legislation by congress. omen nearing completion on the un ARR new BEXTON BROS. Dates Per oi 1 | 9 or Figs — Dried, laity campus will house the U. 8. | committee It is expected § the 401 THIRD AVENUE Smyroe timber testing laboratory, according | bullding wil be finished by March hg, re oe pare ek to present plans of the building 10, 1921 kay, per tue - - — — Grape ¥ it - Wlortaa, per cane 6500 aris | Honey —Comh, per Seretned, per » Mack letepriee (Lemons *. Oranges! Japancas Pearse Persimmans Fineapples — Per Pomegranates i Prenee—Dried. per Neead Otivee—Per ) \